Document:

Exhibit
4.02

CUSIP NO. 52517PN49
ISIN NO. US52517PN498

REGISTERED                                                                            PRINCIPAL
AMOUNT: $15,000,000

No. R-1

LEHMAN BROTHERS HOLDINGS INC.

MEDIUM-TERM NOTE, SERIES I

DOUBLE CONDITIONAL RANGE NOTE
DUE JANUARY 25, 2007

THIS
NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY OR A NOMINEE OF THE
DEPOSITORY.  UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55
WATER STREET, NEW YORK, NEW YORK) TO THE COMPANY (AS DEFINED BELOW) OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND
ANY PAYMENT IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

UNLESS
AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM (A
“CERTIFICATED NOTE”), THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A
WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE
DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE
DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH
SUCCESSOR DEPOSITORY.

 

 

LEHMAN BROTHERS HOLDINGS
INC., a corporation duly organized and existing under the laws of the State of
Delaware (herein called the “Company,” which term includes any successor
corporation under the Indenture referred to on the reverse hereof), for value
received, hereby promises to pay to CEDE & Co., or registered assigns, on
the Maturity Date, an amount
equal to the Redemption Amount.

The “Maturity Date”
is January 25, 2007, or if such day is not a Business Day, on the next
following Business Day.

 

The “Redemption Amount” is the amount equal to the sum of the principal
amount of the Notes plus the Additional Amount, if any.

The “Additional Amount” is a single U.S.
Dollar payment calculated by the Calculation Agent equal to the principal
amount of the Notes multiplied by:

(A)          2.5%,
if, from and including 10:00 a.m. EST on the Start Date to but excluding 10:00
a.m. EST on the End Date, both (a) the EUR Reference Exchange Rate has traded
strictly within the EUR Reference Range as observed on the continuous trading
EBS (Electronic Broking Service) Spot Dealing System (subject to the occurrence
of a Disruption Event or a Price Source Unavailability Event) and (b) the MXN
Reference Exchange Rate has traded strictly within the MXN Reference Range as
observed on the continuous trading Reuters DealingLink Spot Dealing System
(subject to the occurrence of a Disruption Event or a Price Source
Unavailability Event); or

(B)           0%,
if, on any day from and including 10:00 a.m. EST on the Start Date to but
excluding 10:00 a.m. EST on the End Date, either (a) the EUR Reference Exchange
Rate trades outside the EUR Reference Range (or on either the EUR Range Lower
Boundary or the EUR Range Upper Boundary) as observed on the continuous trading
EBS Spot Dealing System (subject to the occurrence of a Disruption Event or a
Price Source Unavailability Event) or (b) the MXN Reference Exchange Rate
trades outside the MXN Reference Range (or on either the MXN Range Lower
Boundary or the MXN Range Upper Boundary) as observed on the continuous trading
Reuters DealingLink Spot Dealing System (subject to the occurrence of a
Disruption Event or a Price Source Unavailability Event).

The “Start Date” is October 19, 2006.

The “End Date” is January 19, 2007.

The “Reference Currencies” are the Euro (EUR) and the Mexican Peso
(MXN).

The “EUR Reference Exchange Rate” is the spot exchange rate for the
Euro quoted against the U.S. Dollar expressed as the number of U.S. Dollars per
one Euro.

The “EUR Reference Range” is
the range from (but excluding) the EUR Range Lower Boundary to (but excluding)
the EUR Range Upper Boundary.

 2
 

 

 

The “EUR Range Lower
Boundary” is 1.1900, equal to the EUR Initial Fixing minus 0.0682.

The “EUR Range Upper
Boundary” is 1.3250, equal to the Range Initial Fixing plus 0.0668.

The “EUR Initial Fixing” is
1.2582, which is the EUR Reference Exchange Rate observed by the Calculation
Agent on the Start Date.

The “MXN Reference Exchange
Rate” is the spot exchange rate for the Mexican Peso quoted against the U.S.
Dollar expressed as the number of Mexican Pesos per one U.S. Dollar.

The “MXN Reference Range” is
the range from (but excluding) the MXN Range Lower Boundary to (but excluding)
the MXN Range Upper Boundary.

The “MXN Range Lower
Boundary” is 10.5000, equal to the MXN Initial Fixing minus 0.3703.

The “MXN Range Upper
Boundary” is 11.4500, equal to the MXN Initial Fixing plus 0.5797.

The “MXN Initial Fixing” is
10.8703, which is the MXN Reference Exchange Rate observed by the Calculation
Agent on the Start Date.

Upon the
occurrence of a Disruption Event with respect to a Reference Currency on any
day from and including 10:00 a.m. EST on the Start Date to but excluding the
earlier of (a) 10:00 a.m. EST on the End Date and (b) the time on any day at
which either EUR Reference Exchange Rate first trades outside the EUR Reference
Range (or on either the EUR Range Lower Boundary or EUR Range Upper Boundary)
or the MXN Reference Exchange Rate first trades outside the MXN Reference Range
(or on either the MXN Range Lower Boundary or MXN Range Upper Boundary), and
for so long as such Disruption Event is continuing, the EUR Reference Exchange
Rate or MXN Reference Exchange Rate, as applicable, for the affected Reference
Currency for each such day will be a single daily spot exchange rate determined
by the Calculation Agent in accordance with the Fallback Rate Observation
Methodology.

A “Disruption Event” means any of the following events as determined in
good faith by the Calculation Agent:

(A)          the occurrence and/or existence of an event on any
day that has the effect of preventing or making impossible the conversion of
either of the Reference Currencies into U.S. Dollars through customary legal
channels; or

(B)           the occurrence of any event causing either the EUR
Reference Exchange Rate or the MXN Reference Exchange Rate to be split into
dual or multiple currency exchange rates.

Upon the
occurrence of a Price Source Unavailability Event on any day from and including
10:00 a.m. EST on the Start Date to but excluding the earlier of (a) 10:00 a.m.
EST on the End Date and (b) the time on any day at which either the EUR
Reference Exchange Rate first trades outside the EUR Reference Range (or on
either the EUR Range Lower Boundary or EUR 

 3
 

 

 

Range Upper Boundary) or the MXN Reference Exchange
Rate first trades outside the MXN Reference Range (or on either the MXN Range
Lower Boundary or MXN Range Upper Boundary), and for so long as such Price
Source Unavailability Event is continuing, the EUR Reference Exchange Rate or
MXN Reference Exchange Rate, as applicable, for the affected Reference Currency
for each such day will be a single daily spot exchange rate determined by the
Calculation Agent in accordance with the Settlement Rate Option on that day. If
the EUR Reference Exchange Rate or MXN Reference Exchange Rate, as applicable,
is not available in accordance with the Settlement Rate Option on such day, the
EUR Reference Exchange Rate or MXN Reference Exchange Rate, as applicable, will
be calculated daily in accordance with the Fallback Rate Observation
Methodology.

A “Price Source Unavailability Event” means, as determined in good faith by the Calculation
Agent, (a) with respect to EUR, the EUR Reference Exchange
Rate being unavailable, or the occurrence of an event (other than an event
constituting a Disruption Event) that generally makes it impossible to obtain
the EUR Reference Exchange Rate, on the EBS Spot Dealing System; and (b) with
respect to MXN, the MXN Reference Exchange Rate being unavailable, or the
occurrence of an event (other than an event constituting a Disruption Event)
that generally makes it impossible to obtain the MXN Reference Exchange Rate,
on the Reuters DealingLink Spot Dealing System.

A “Valuation Business Day,” with respect to the Euro, means
any day, other than a Saturday or Sunday, that is neither a legal holiday nor a
day on which commercial banks are authorized or required by law, regulation or
executive order to close (including for dealings in foreign exchange in
accordance with the practice of the foreign exchange market) in New York.  A Valuation Business Day, with respect to the
Mexican Peso, means a business day (including for dealings in foreign exchange
in accordance with the market practice of the foreign exchange market) in
Mexico City, Mexico.

The “Settlement Rate Option” for the EUR Reference Exchange
Rate is the U.S. Dollar/Euro official fixing rate, expressed as the amount of
U.S. Dollars per one Euro, for settlement in two business days reported by the
Federal Reserve Bank of New York which appears on Reuters Screen 1FED to the
right of the caption “EUR” at approximately 10:00 a.m. New York time, on the Start Date or such other
relevant date.  The Settlement Rate
Option for the MXN Reference Exchange Rate is the Mexican Peso/U.S. Dollar
official fixing rate, expressed as the amount of Mexican Pesos per one U.S.
Dollar, for settlement in two business days reported by Banco de Mexico which
appears on Reuters Screen MEX01 Page under the heading “USDMXNFIX=“ at the
close of business in Mexico City on the Start Date or such other
relevant date.

The “Fallback Rate Observation Methodology” means that the Reference Exchange Rate, Settlement
Rate or other rate, as specified in the applicable pricing supplement, in
respect of a reference currency will equal the noon buying rate in New York for
cable transfers in foreign currencies as announced by the Federal Reserve Bank
of New York for customs purposes (the “Noon Buying Rate”) on the relevant
Valuation Date or such other date specified in the applicable pricing
supplement. If the Noon Buying Rate is not announced on that date, the
Reference Exchange Rate, Settlement Rate or other rate for such Reference
Currency will be calculated on the basis of the arithmetic mean of the
applicable spot quotations received by the Calculation Agent at approximately
10:00 a.m., New York City time, on the Valuation

 4
 

 

 

Business Day next succeeding the
Valuation Date or such other date specified in the applicable pricing
supplement, for the purchase or sale for deposits in the Reference Currency by
the New York offices of three leading banks engaged in the interbank market
(selected in the sole discretion of the Calculation Agent) (the “Reference
Banks”). If fewer than three Reference Banks provide spot quotations, then the
Reference Exchange Rate, Settlement Rate or other rate, as applicable, will be
calculated on the basis of the arithmetic mean of the applicable spot
quotations received by the Calculation Agent at approximately 10:00 a.m.,
New York City time, on the relevant date from two Reference Banks (selected in
the sole discretion of the Calculation Agent), for the purchase or sale for
deposits in the Reference Currency. If these spot quotations are available from
only one Reference Bank, then the Calculation Agent, in its sole discretion,
will determine whether that quotation is reasonable to be used. If no spot
quotation is available, then the Reference Exchange Rate, Settlement Rate or
other rate, as applicable, for such Reference Currency will be determined by
the Calculation Agent in good faith and in a commercially reasonable manner.

A “Business Day”,
notwithstanding any provision in the Indenture, is any day that is not is not a
Saturday or Sunday and that is not a day on which banking institutions in New
York City generally are authorized or obligated by law or executive order to be
closed.

The “Calculation Agent” means
Lehman Brothers Inc.

Except as provided below,
the Additional Amount, if any, may, at the option of the Company, be made by
check mailed to the person entitled thereto at such person’s address as it
appears on the registry books of the Company.

Payment of any Additional
Amount will be made in immediately available funds in accordance with the
normal procedures of the Trustee (or any duly appointed Paying Agent).

The Company will pay any
administrative costs imposed by banks in making payments in immediately
available funds, but any tax, assessment or governmental charge imposed upon
payments hereunder, including, without limitation, any withholding tax, will be
borne by the Holder hereof.

References herein to “U.S.
dollars” or “U.S.$” or “$” or “USD” are to the coin or currency of the United
States as at the time of payment is legal tender for the payment of public and
private debts.

REFERENCE IS HEREBY MADE TO
THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF.  SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES
HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE.

This Note shall not be valid or become obligatory for any purpose until
the certificate of authentication hereon shall have been signed by the Trustee
under the Indenture.

 5
 

 

 

IN WITNESS WHEREOF, Lehman Brothers Holdings Inc. has
caused this instrument to be signed by its Chairman of the Board, its
President, its Vice Chairman, its Chief Financial Officer, one of its Vice
Presidents or its Treasurer, by manual or facsimile signature under its
corporate seal, attested by its Secretary or one of its Assistant Secretaries
by manual or facsimile signature.

Dated:  October
25, 2006

	
  [SEAL]

  	
   

  	
  LEHMAN BROTHERS HOLDINGS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

This is one of the
Securities of the series designated herein referred to in the within-mentioned
Indenture.

 

	
  CITIBANK, N.A.

  	
   

  	
   

  
	
  as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	 

	
  Authorized Officer

  	
   

  	
   

  
				

 

 6

 

 

[REVERSE
OF NOTE]

LEHMAN BROTHERS
HOLDINGS INC.

MEDIUM-TERM NOTES, SERIES I
DOUBLE CONDITIONAL RANGE NOTE
DUE JANUARY 25, 2007

Section 1.  General.  This Note is one of a duly authorized series
of Notes of the Company designated as the Medium-Term Notes, Series I, Double
Conditional Range Note (herein called the “Notes”).  The Notes are one of an
indefinite number of series of debt securities of the Company (collectively,
the “Securities”) issued or issuable under and pursuant to an indenture dated
as of September 1, 1987, as amended and supplemented (the “Indenture”), duly
executed and delivered by the Company and Citibank, N.A., as Trustee (herein
called the “Trustee”), to which Indenture and all indentures supplemental
thereto reference is hereby made for a description of the rights, limitations
of rights, obligations, duties and immunities thereunder of the Trustee, the
Company and the holders of the Securities. 
The separate series of Securities may be issued in various aggregate
principal amounts, may mature at different times, may bear interest (if any) at
different rates, may be subject to different redemption provisions or
repurchase rights (if any), may be subject to different sinking, purchase or
analogous funds (if any), may be subject to different covenants and Events of
Default and may otherwise vary as in the Indenture provided.

Section 2.  Principal
Amount for Indenture Purposes.  For
the purpose of determining whether Holders of the requisite amount of Notes of
this series outstanding under the Indenture have made a demand, given a notice
or waiver or taken any other action, the principal amount of this Note will be
deemed to be the principal amount of this Note then outstanding.

Section 3.  Modification
and Waivers.  The Indenture contains
provisions permitting the Company and the Trustee, with the consent of the
Holders of not less than 66-2/3% in aggregate principal amount of each series
of the Securities at the time Outstanding to be affected, evidenced as in the
Indenture provided, to execute supplemental indentures adding any provisions to
or changing in any manner or eliminating any of the provisions of the Indenture
or of any supplemental indenture or modifying in any manner the rights of the
holders of the Securities of all such series; provided, however, that no such
supplemental indenture shall, among other things, (i) change the fixed maturity
of any Security, or reduce the Additional Amount or the principal amount
thereof, or reduce the rate or extend the time of payment of interest thereon
or reduce any premium or other amount payable on redemption, or make the
Additional Amount or the principal amount thereof, premium or other amount
payable, if any, or interest thereon payable in any coin or currency other than
that herein above provided, without the consent of the Holder of each Security
so affected, or (ii) change the place of payment on any Security, or impair the
right to institute suit for payment on any Security, or reduce the aforesaid
percentage of Securities, the holders of which are required to consent to any
such supplemental indenture, without the consent of the holders of each
Security so affected.  It is also
provided in the Indenture that, prior to any declaration accelerating the
maturity of any series of Securities, the holders of a majority in aggregate
principal amount of the Securities of such series

 

 

Outstanding
may on behalf of the holders of all the Securities of such series waive any
past default or Event of Default under the Indenture with respect to such series
and its consequences, except a default in the payment of interest, if any, on
the Additional Amount or the principal amount, or premium, if any, on any of
the Securities of such series, or in the payment of any sinking fund
installment or analogous obligation with respect to Securities of such
series.  Any such consent or waiver by
the Holder of this Note shall be conclusive and binding upon such Holder and
upon all future holders and owners of this Note and any Notes of this series
which may be issued in exchange or substitution herefor, irrespective of
whether or not any notation thereof is made upon this Note or such other Notes
of this series.

Section 4.  Obligations
Unconditional.  No reference herein
to the Indenture and no provisions of this Note or of the Indenture shall alter
or impair the obligation of the Company, which is absolute and unconditional,
to pay the Additional Amount or the principal amount on this Note at the place,
at the respective times, at the rate, and in the coin or currency herein
prescribed.

Section 5.  Defeasance.  The Indenture contains provisions for the
discharge of the Indenture and defeasance at any time of the indebtedness on
this Note upon compliance by the Company with certain conditions set forth
therein, which provisions apply to this Note.

Section 6.  Authorized
Form and Denominations.  The Notes of
this series are issuable in registered form, without coupons.  Each Note will be issued initially as either
a Global Security or a Certificated Note, at the option of the Company, in
denominations of $1,000 or whole multiples of $1,000, either at the office or
agency to be designated and maintained by the Company for such purpose in the
Borough of Manhattan, New York City, pursuant to the provisions of the
Indenture or at any of such other offices or agencies as may be designated and
maintained by the Company for such purpose pursuant to the provisions of the
Indenture, and in the manner and subject to the limitations provided in the
Indenture, but without the payment of any service charge, except for any tax or
other governmental charges imposed in connection therewith.  Notes of this series are exchangeable for a
like aggregate principal amount of Notes of this series of a different
authorized denomination, except that Global Securities will not be exchangeable
for Certificated Notes of this series.

Section 7.  Registration
of Transfer.  As provided in the
Indenture and subject to certain limitations as therein set forth, the transfer
of this Note is registrable in the Security Register, upon surrender of this
Note for registration of transfer, at the Corporate Trust Office or agency in a
Place of Payment for this Note, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security
Registrar requiring such written instrument of transfer duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Notes of this series, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees.

If at any time the Depository notifies the Company
that it is unwilling or unable to continue as Depository or if at any time the
Depository shall no longer be eligible under the Indenture, the Company shall
appoint a successor Depository.  If a
successor Depository for the Notes of this series is not appointed by the
Company within 90 days after the Company receives such notice or becomes aware
of such ineligibility, the Company will issue, and the Trustee will 

 

 

authenticate
and deliver, Notes of this series in definitive form in an aggregate principal
amount equal to the principal amount of this Note.

No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge that may be
imposed in connection therewith.

Prior to due presentment of this Note for registration
of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the person in whose name this Note is registered as the owner
hereof for all purposes, and neither the Company nor the Trustee nor any agent
of the Company or of the Trustee shall be affected by any notice to the
contrary.

Section 8.  Events
of Default.  If an Event of Default
with respect to Notes of this series shall occur and be continuing, the amount
that may be declared due and payable upon any acceleration of the notes will be
determined by the calculation agent and will equal, for each note, the
principal amount plus the Additional Amount (if any) deemed to have
accrued for the period from and including the Start Date to but excluding the
date of early repayment calculated on the basis of a 360-day year consisting of
12 months of 30 days each, and, in the case of an incomplete month, the number
of days elapsed.  If a bankruptcy proceeding is commenced in respect of
the Company, the claim of the beneficial owner of a note will be capped at the
principal amount plus the Additional Amount (if any) deemed to have
accrued for the period from and including the Start Date to but excluding the
date of early repayment calculated on the basis of a 360-day year consisting of
12 months of 30 days each, and, in the case of an incomplete month, the number
of days elapsed.

Section 9.  No
Recourse Against Certain Persons.  No
recourse for the payment of the Additional Amount or for any claim based hereon
or otherwise in respect hereof, and no recourse under or upon any obligation,
covenant or agreement of the Company in the Indenture or any Indenture
supplemental thereto or in any Note, or because of the creation of any
indebtedness represented thereby, shall be had against any incorporator,
stockholder, officer or director, as such, past, present or future, of the
Company or of any successor corporation, either directly or through the Company
or any successor corporation, whether by virtue of any constitution, statute or
rule of law or by the enforcement of any assessment or penalty or otherwise,
all such liability being, by the acceptance hereof and as part of the
consideration for the issue hereof, expressly waived and released.

Section 10.  Defined
Terms.  All terms used but not
defined in this Note are used herein as defined in the Indenture.

Section 11.  GOVERNING LAW.  THIS NOTE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.Exhibit 4.1

EXECUTION VERSION

FIFTH
AMENDED AND RESTATED CREDIT AGREEMENT

dated
as of October 27, 2006

among

REGAL
CINEMAS CORPORATION,

as Borrower,

VARIOUS
LENDERS,

CREDIT
SUISSE, CAYMAN ISLANDS BRANCH,

as Administrative Agent,

and

CREDIT
SUISSE SECURITIES (USA) LLC,

as Sole Lead Arranger and Sole Book Runner

 

$1,800,000,000 Senior Secured
Credit Facilities

 

 

TABLE OF
CONTENTS

	
   

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 1.

  	
   

  	
  DEFINITIONS AND
  INTERPRETATION

  	
   

  	
  2

  
	
  1.1

  	
   

  	
  Definitions

  	
   

  	
  2

  
	
  1.2

  	
   

  	
  Accounting Terms

  	
   

  	
  32

  
	
  1.3

  	
   

  	
  Interpretation,
  Etc.

  	
   

  	
  32

  
	
  1.4

  	
   

  	
  Relationship
  with Fourth Restated Credit Agreement

  	
   

  	
  33

  
	
  1.5

  	
   

  	
  Confirmation/Ratification
  of Term Loans

  	
   

  	
  34

  
	
  1.6

  	
   

  	
  Confirmation/Ratification
  of Revolving Loans

  	
   

  	
  34

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 2.

  	
   

  	
  LOANS AND
  LETTERS OF CREDIT

  	
   

  	
  34

  
	
  2.1

  	
   

  	
  Term Loans

  	
   

  	
  34

  
	
  2.2

  	
   

  	
  Revolving Loans

  	
   

  	
  37

  
	
  2.3

  	
   

  	
  Swingline Loans

  	
   

  	
  38

  
	
  2.4

  	
   

  	
  Issuance of
  Letters of Credit and Purchase of Participations Therein

  	
   

  	
  40

  
	
  2.5

  	
   

  	
  Pro Rata Shares;
  Availability of Funds

  	
   

  	
  44

  
	
  2.6

  	
   

  	
  Use of Proceeds

  	
   

  	
  44

  
	
  2.7

  	
   

  	
  Evidence of
  Debt; Register; Lenders’ Books and Records; Notes

  	
   

  	
  44

  
	
  2.8

  	
   

  	
  Interest on
  Loans

  	
   

  	
  45

  
	
  2.9

  	
   

  	
  Conversion/Continuation

  	
   

  	
  47

  
	
  2.10

  	
   

  	
  Default Interest

  	
   

  	
  47

  
	
  2.11

  	
   

  	
  Fees

  	
   

  	
  48

  
	
  2.12

  	
   

  	
  Scheduled
  Payments

  	
   

  	
  48

  
	
  2.13

  	
   

  	
  Voluntary
  Prepayments/Commitment Reductions

  	
   

  	
  50

  
	
  2.14

  	
   

  	
  Mandatory
  Prepayments

  	
   

  	
  51

  
	
  2.15

  	
   

  	
  Application of
  Prepayments/Reductions

  	
   

  	
  52

  
	
  2.16

  	
   

  	
  General
  Provisions Regarding Payments

  	
   

  	
  53

  
	
  2.17

  	
   

  	
  Ratable Sharing

  	
   

  	
  54

  
	
  2.18

  	
   

  	
  Making or
  Maintaining Eurodollar Rate Loans

  	
   

  	
  54

  
	
  2.19

  	
   

  	
  Increased Costs;
  Capital Adequacy

  	
   

  	
  56

  
	
  2.20

  	
   

  	
  Taxes;
  Withholding, Etc.

  	
   

  	
  57

  
	
  2.21

  	
   

  	
  Removal or
  Replacement of a Lender

  	
   

  	
  60

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 3.

  	
   

  	
  CONDITIONS
  PRECEDENT

  	
   

  	
  62

  
	
  3.1

  	
   

  	
  Closing Date

  	
   

  	
  62

  
	
  3.2

  	
   

  	
  Conditions to
  Each Credit Extension

  	
   

  	
  65

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 4.

  	
   

  	
  REPRESENTATIONS
  AND WARRANTIES

  	
   

  	
  66

  
	
  4.1

  	
   

  	
  Financial
  Condition

  	
   

  	
  66

  
	
  4.2

  	
   

  	
  No Change

  	
   

  	
  67

  
	
  4.3

  	
   

  	
  Corporate
  Existence and Compliance with Laws

  	
   

  	
  67

  
	
  4.4

  	
   

  	
  Corporate Power;
  Authorization; Enforceable Obligations

  	
   

  	
  67

  
	
  4.5

  	
   

  	
  No Legal Bar

  	
   

  	
  67

  
	
  4.6

  	
   

  	
  No Material
  Litigation

  	
   

  	
  67

  
	
  4.7

  	
   

  	
  No Default

  	
   

  	
  68

  
	
  4.8

  	
   

  	
  Ownership of
  Property; Liens

  	
   

  	
  68

  
	
  4.9

  	
   

  	
  Intellectual
  Property

  	
   

  	
  68

  

 

 i
 

 

 

	
  4.10

  	
   

  	
  Taxes

  	
   

  	
  69

  
	
  4.11

  	
   

  	
  Federal
  Regulations

  	
   

  	
  69

  
	
  4.12

  	
   

  	
  Labor Matters

  	
   

  	
  69

  
	
  4.13

  	
   

  	
  ERISA

  	
   

  	
  70

  
	
  4.14

  	
   

  	
  Investment
  Company Act; Other Regulations

  	
   

  	
  70

  
	
  4.15

  	
   

  	
  Subsidiaries

  	
   

  	
  70

  
	
  4.16

  	
   

  	
  Use of Proceeds

  	
   

  	
  70

  
	
  4.17

  	
   

  	
  Environmental
  Matters

  	
   

  	
  70

  
	
  4.18

  	
   

  	
  Accuracy of
  Information, Etc.

  	
   

  	
  71

  
	
  4.19

  	
   

  	
  Security
  Documents

  	
   

  	
  72

  
	
  4.20

  	
   

  	
  Solvency

  	
   

  	
  73

  
	
  4.21

  	
   

  	
  Senior
  Indebtedness

  	
   

  	
  73

  
	
  4.22

  	
   

  	
  Regulation H

  	
   

  	
  73

  
	
  4.23

  	
   

  	
  Insurance

  	
   

  	
  73

  
	
  4.24

  	
   

  	
  Real Estate

  	
   

  	
  73

  
	
  4.25

  	
   

  	
  Permits

  	
   

  	
  75

  
	
  4.26

  	
   

  	
  Leases

  	
   

  	
  75

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 5.

  	
   

  	
  AFFIRMATIVE
  COVENANTS

  	
   

  	
  76

  
	
  5.1

  	
   

  	
  Financial
  Statements and Other Reports

  	
   

  	
  76

  
	
  5.2

  	
   

  	
  Certificates and
  Other Information

  	
   

  	
  77

  
	
  5.3

  	
   

  	
  Payment of
  Obligations

  	
   

  	
  78

  
	
  5.4

  	
   

  	
  Conduct of
  Business and Maintenance of Existence, Etc.

  	
   

  	
  78

  
	
  5.5

  	
   

  	
  Maintenance of
  Properties; Leases; Insurance

  	
   

  	
  78

  
	
  5.6

  	
   

  	
  Inspection of
  Property; Books and Records; Discussions

  	
   

  	
  80

  
	
  5.7

  	
   

  	
  Notices

  	
   

  	
  80

  
	
  5.8

  	
   

  	
  Environmental
  Laws

  	
   

  	
  81

  
	
  5.9

  	
   

  	
  Additional
  Collateral, Etc.

  	
   

  	
  81

  
	
  5.10

  	
   

  	
  Use of Proceeds

  	
   

  	
  84

  
	
  5.11

  	
   

  	
  ERISA Documents

  	
   

  	
  84

  
	
  5.12

  	
   

  	
  Unrestricted
  Subsidiaries

  	
   

  	
  84

  
	
  5.13

  	
   

  	
  Interest Rate
  Protection

  	
   

  	
  84

  
	
  5.14

  	
   

  	
  Maintenance of
  Rating

  	
   

  	
  84

  
	
  5.15

  	
   

  	
  Further
  Assurances

  	
   

  	
  84

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 6.

  	
   

  	
  NEGATIVE COVENANTS

  	
   

  	
  85

  
	
  6.1

  	
   

  	
  Financial
  Covenants

  	
   

  	
  85

  
	
  6.2

  	
   

  	
  Indebtedness

  	
   

  	
  86

  
	
  6.3

  	
   

  	
  Liens

  	
   

  	
  90

  
	
  6.4

  	
   

  	
  Limitation on
  Fundamental Changes

  	
   

  	
  91

  
	
  6.5

  	
   

  	
  Limitation on
  Disposition of Property

  	
   

  	
  92

  
	
  6.6

  	
   

  	
  Limitation on
  Restricted Payments

  	
   

  	
  93

  
	
  6.7

  	
   

  	
  Limitation on
  Capital Expenditures

  	
   

  	
  95

  
	
  6.8

  	
   

  	
  Limitation on
  Investments

  	
   

  	
  96

  
	
  6.9

  	
   

  	
  Limitation on
  Optional Payments and Modifications of Indebtedness and Organizational
  Documents

  	
   

  	
  98

  
	
  6.10

  	
   

  	
  Limitations on
  Transactions with Affiliates

  	
   

  	
  99

  
	
  6.11

  	
   

  	
  Limitation on
  Sales and Leasebacks

  	
   

  	
  99

  
	
  6.12

  	
   

  	
  Limitation on
  Changes in Fiscal Periods

  	
   

  	
  99

  
	
  6.13

  	
   

  	
  Limitation on
  Negative Pledge Clauses

  	
   

  	
  99

  

 

 ii
 

 

 

	
  6.14

  	
   

  	
  Limitation on
  Restrictions on Subsidiary Distributions, Etc.

  	
   

  	
  100

  
	
  6.15

  	
   

  	
  Limitation on
  Lines of Business

  	
   

  	
  100

  
	
  6.16

  	
   

  	
  Limitation on
  Hedge Agreements

  	
   

  	
  100

  
	
  6.17

  	
   

  	
  Limitation on
  Terminations of Leases

  	
   

  	
  100

  
	
  6.18

  	
   

  	
  Limitation on
  Issuance of Preferred Stock

  	
   

  	
  101

  
	
  6.19

  	
   

  	
  Maintenance of
  Restricted Payments Basket for NCM Liabilities

  	
   

  	
  101

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 7.

  	
   

  	
  EVENTS OF
  DEFAULT

  	
   

  	
  101

  
	
  7.1

  	
   

  	
  Events of
  Default

  	
   

  	
  101

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 8.

  	
   

  	
  AGENTS

  	
   

  	
  104

  
	
  8.1

  	
   

  	
  Appointment of
  Agents

  	
   

  	
  104

  
	
  8.2

  	
   

  	
  Powers and
  Duties

  	
   

  	
  104

  
	
  8.3

  	
   

  	
  General Immunity

  	
   

  	
  105

  
	
  8.4

  	
   

  	
  Agents Entitled
  to Act as Lender

  	
   

  	
  106

  
	
  8.5

  	
   

  	
  Lenders’
  Representations, Warranties and Acknowledgment

  	
   

  	
  106

  
	
  8.6

  	
   

  	
  Right to
  Indemnity

  	
   

  	
  106

  
	
  8.7

  	
   

  	
  Successor
  Administrative Agent and Swingline Lender

  	
   

  	
  106

  
	
  8.8

  	
   

  	
  Security
  Documents and Guaranty

  	
   

  	
  107

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 9.

  	
   

  	
  MISCELLANEOUS

  	
   

  	
  108

  
	
  9.1

  	
   

  	
  Notices

  	
   

  	
  108

  
	
  9.2

  	
   

  	
  Expenses

  	
   

  	
  108

  
	
  9.3

  	
   

  	
  Indemnity

  	
   

  	
  109

  
	
  9.4

  	
   

  	
  Set-Off

  	
   

  	
  109

  
	
  9.5

  	
   

  	
  Amendments and
  Waivers

  	
   

  	
  110

  
	
  9.6

  	
   

  	
  Successors and
  Assigns; Participations

  	
   

  	
  112

  
	
  9.7

  	
   

  	
  Independence of
  Covenants

  	
   

  	
  116

  
	
  9.8

  	
   

  	
  Survival of
  Representations, Warranties and Agreements

  	
   

  	
  116

  
	
  9.9

  	
   

  	
  No Waiver;
  Remedies Cumulative

  	
   

  	
  116

  
	
  9.10

  	
   

  	
  Marshalling;
  Payments Set Aside

  	
   

  	
  116

  
	
  9.11

  	
   

  	
  Severability

  	
   

  	
  117

  
	
  9.12

  	
   

  	
  Obligations
  Several; Independent Nature of Lenders’ Rights

  	
   

  	
  117

  
	
  9.13

  	
   

  	
  Headings

  	
   

  	
  117

  
	
  9.14

  	
   

  	
  APPLICABLE LAW

  	
   

  	
  117

  
	
  9.15

  	
   

  	
  CONSENT TO
  JURISDICTION

  	
   

  	
  117

  
	
  9.16

  	
   

  	
  WAIVER OF JURY
  TRIAL

  	
   

  	
  118

  
	
  9.17

  	
   

  	
  Confidentiality

  	
   

  	
  118

  
	
  9.18

  	
   

  	
  Usury Savings
  Clause

  	
   

  	
  119

  
	
  9.19

  	
   

  	
  Counterparts

  	
   

  	
  119

  
	
  9.20

  	
   

  	
  Patriot Act

  	
   

  	
  119

  
	
  9.21

  	
   

  	
  Integration

  	
   

  	
  119

  
	
  9.22

  	
   

  	
  Release of
  Collateral and Guaranty Obligations

  	
   

  	
  119

  
	
  9.23

  	
   

  	
  Effectiveness

  	
   

  	
  120

  
	
  9.24

  	
   

  	
  Existing
  Agreements Superseded

  	
   

  	
  120

  

 

	
  APPENDICES:

  	
   

  	
  A-1

  	
   

  	
  Existing Term Loans and Existing Revolving Loans

  
	
   

  	
   

  	
  A-2

  	
   

  	
  Revolving Commitments

  
	
   

  	
   

  	
  B

  	
   

  	
  Notice Addresses

  

 

 iii
 

 

 

	
  SCHEDULES:

  	
   

  	
  1.1

  	
   

  	
  Existing Letters of Credit

  
	
   

  	
   

  	
  1.1A

  	
   

  	
  Unrestricted Subsidiaries as of the Closing Date

  
	
   

  	
   

  	
  4.3

  	
   

  	
  Corporate Existence and Good Standing

  
	
   

  	
   

  	
  4.4

  	
   

  	
  Consents, Authorizations, Filings and Notices

  
	
   

  	
   

  	
  4.6

  	
   

  	
  Litigation

  
	
   

  	
   

  	
  4.9(b)

  	
   

  	
  Trademarks, Service Marks and Trade Names

  
	
   

  	
   

  	
  4.9(c)

  	
   

  	
  Patents

  
	
   

  	
   

  	
  4.9(d)

  	
   

  	
  Copyrights

  
	
   

  	
   

  	
  4.9(e)

  	
   

  	
  Intellectual Property Licenses

  
	
   

  	
   

  	
  4.15

  	
   

  	
  Subsidiaries

  
	
   

  	
   

  	
  4.17

  	
   

  	
  Environmental Matters

  
	
   

  	
   

  	
  4.19(a)

  	
   

  	
  UCC Filing Jurisdictions — Collateral

  
	
   

  	
   

  	
  4.19(b)

  	
   

  	
  Existing Mortgages

  
	
   

  	
   

  	
  4.24(a)

  	
   

  	
  Real Estate Assets

  
	
   

  	
   

  	
  4.24(g)

  	
   

  	
  Structural Defects

  
	
   

  	
   

  	
  4.24(h)

  	
   

  	
  Real Estate Transfer Rights

  
	
   

  	
   

  	
  4.26(b)

  	
   

  	
  Lease Defaults

  
	
   

  	
   

  	
  5.9(b)

  	
   

  	
  Title Insurance Requirements

  
	
   

  	
   

  	
  6.2(d)

  	
   

  	
  Existing Indebtedness

  
	
   

  	
   

  	
  6.3(f)

  	
   

  	
  Existing Liens

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EXHIBITS:

  	
   

  	
  A-1

  	
   

  	
  Funding Notice

  
	
   

  	
   

  	
  A-2

  	
   

  	
  Conversion/Continuation Notice

  
	
   

  	
   

  	
  A-3

  	
   

  	
  Issuance Notice

  
	
   

  	
   

  	
  B-1

  	
   

  	
  Term Loan Note

  
	
   

  	
   

  	
  B-2

  	
   

  	
  Revolving Loan Note

  
	
   

  	
   

  	
  B-3

  	
   

  	
  Swingline Note

  
	
   

  	
   

  	
  C

  	
   

  	
  Compliance Certificate

  
	
   

  	
   

  	
  D

  	
   

  	
  [Intentionally Omitted]

  
	
   

  	
   

  	
  E

  	
   

  	
  Assignment Agreement

  
	
   

  	
   

  	
  F

  	
   

  	
  Certificate Re Non Bank Status

  
	
   

  	
   

  	
  G-1

  	
   

  	
  Closing Date Certificate

  
	
   

  	
   

  	
  G-2

  	
   

  	
  Solvency Certificate

  
	
   

  	
   

  	
  H-1

  	
   

  	
  Guaranty and Collateral Agreement

  
	
   

  	
   

  	
  H-2

  	
   

  	
  Guaranty and Pledge Agreement

  
	
   

  	
   

  	
  H-3

  	
   

  	
  Guaranty and Collateral Agreement Reaffirmation

  
	
   

  	
   

  	
  H-4

  	
   

  	
  Guaranty and Pledge Agreement Reaffirmation

  
	
   

  	
   

  	
  I-1

  	
   

  	
  New Mortgage

  
	
   

  	
   

  	
  J

  	
   

  	
  Intercompany Note

  

 

 iv

 

FIFTH AMENDED AND
RESTATED CREDIT AGREEMENT

This FIFTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of October
27, 2006 (as amended, restated, supplemented or otherwise modified from time to
time, this “Agreement”), by and
among REGAL CINEMAS CORPORATION, a Delaware corporation (“Borrower”), the Lenders party hereto from
time to time, CREDIT SUISSE, CAYMAN ISLANDS BRANCH (as successor to Credit
Suisse First Boston), as administrative agent (together with its permitted
successors in such capacity, “Administrative
Agent”), and CREDIT SUISSE SECURITIES (USA) LLC, as sole lead
arranger and sole book runner (in such capacities, “Arranger”), amends and restates in full the Fourth Amended and
Restated Credit Agreement, dated as of May 10, 2004 (as amended, restated,
supplemented or otherwise modified from time to time to the date hereof, the “Fourth Restated Credit Agreement”), which
Fourth Restated Credit Agreement amended and restated in full the Third Amended
and Restated Credit Agreement, dated as of August 27, 2003 (as amended, restated,
supplemented or otherwise modified from time to time to the date of the Fourth
Restated Credit Agreement, the “Third Restated Credit
Agreement”), which Third Restated Credit Agreement restated in full
the Second Amended and Restated Credit Agreement, dated as of June 6, 2003 (as
amended, restated, supplemented or otherwise modified from time to time to the
date of the Third Restated Credit Agreement, the “Second Restated Credit Agreement”), which Second Restated
Credit Agreement amended and restated in full the Amended and Restated Credit
Agreement, dated as of August 12, 2002 (as amended, restated, supplemented or
otherwise modified from time to time to the date of the Second Restated Credit
Agreement, the “Restated Credit Agreement”),
which Restated Credit Agreement amended and restated in full the Credit
Agreement, dated as of January 29, 2002 (as amended, restated, supplemented or
otherwise modified from time to time to the date of the Restated Credit
Agreement, the “Original Credit Agreement”).

RECITALS

WHEREAS, undefined capitalized terms used in these recitals shall have
the respective meanings set forth for such terms in Section 1.1 hereof;

WHEREAS, the parties hereto have agreed to amend and restate the Fourth
Restated Credit Agreement on the terms set forth herein, including amending and
restating the terms of the Existing Term Loans, Existing Revolving Loans and
Revolving Commitments under the Fourth Restated Credit Agreement and providing
additional term loans hereunder;

WHEREAS, Borrower has agreed to secure all of its Obligations by
granting to Administrative Agent, for the benefit of Secured Parties, a First
Priority Lien on certain of its real property assets and substantially all of
its personal property assets, including a pledge of all of the Capital Stock of
each of its Domestic Subsidiaries and Foreign Subsidiaries (other than Excluded
Foreign Subsidiaries) and 65% of all the Capital Stock of each of its Excluded
Foreign Subsidiaries;

WHEREAS, Guarantors have agreed to guarantee the obligations of
Borrower hereunder and to secure their respective Obligations by granting to
Administrative Agent, for the benefit of Secured Parties, a First Priority Lien
on certain real property assets and substantially all of their respective
personal property assets, including a pledge of all of the Capital Stock of
each of their respective Domestic Subsidiaries and Foreign Subsidiaries (other
than Excluded Foreign Subsidiaries) and 65% of all the Capital Stock of each of
their respective Excluded Foreign Subsidiaries;

 1
 

 

WHEREAS, Holdings has agreed to guarantee the obligations of Borrower
hereunder, on a limited-recourse basis, and to secure its obligations by
granting to Administrative Agent, for the benefit of the Secured Parties, a
First Priority Lien on all of the Capital Stock of Borrower;

WHEREAS, the Fourth Restated Credit Agreement is being amended and
restated on and subject to the terms and conditions set forth herein, and this
Agreement is made in renewal, amendment, restatement and modification of, but
not in extinguishment or novation of, the obligations under the Fourth Restated
Credit Agreement.

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

SECTION
1.         DEFINITIONS AND INTERPRETATION

1.1          Definitions. 
The following terms used herein, including in the preamble, recitals,
exhibits and schedules hereto, shall have the following meanings:

“Acquired Indebtedness”
means Indebtedness (i) assumed by Borrower or any of its Restricted
Subsidiaries in connection with a Permitted Acquisition that does not result in
the creation of a new Restricted Subsidiary, (ii) of a Person that becomes a
Restricted Subsidiary in connection with a Permitted Acquisition or in
connection with a contribution of a Person as a capital contribution to
Borrower or any Restricted Subsidiary, or (iii) of an Unrestricted Subsidiary
at the time it becomes a Restricted Subsidiary.

“Adjusted Eurodollar Rate”
means, for any Interest Rate Determination Date with respect to an Interest
Period, the rate per annum obtained by dividing (i) (a) the rate per annum determined
by Administrative Agent to be the offered rate that appears on the page of the
Telerate Screen displaying an average British Bankers Association Interest
Settlement Rate (such page currently being page number 3740 or 3750, as
applicable) for deposits (for delivery on the first day of such period) with a
term equivalent to such period in Dollars, determined as of approximately 11:00
a.m. (London, England time) on such Interest Rate Determination Date, (b) in
the event the rate referenced in the preceding clause (a) does not appear on
such page or service or if such page or service shall cease to be available,
the rate per annum equal to the rate determined by Administrative Agent to be
the offered rate on such other page or other service that displays an average
British Bankers Association Interest Settlement Rate for deposits (for delivery
on the first day of such period) with a term equivalent to such period in
Dollars, determined as of approximately 11:00 a.m. (London, England time) on
such Interest Rate Determination Date, or (c) in the event the rates referenced
in the preceding clauses (a) and (b) are not available, the rate per annum
equal to the offered quotation rate to first class banks in the London
interbank market by Administrative Agent for deposits in Dollars (for delivery
on the first day of the relevant period) of amounts in same day funds comparable
to the principal amount of the applicable Loan of Administrative Agent, in its
capacity as a Lender, for which the Adjusted Eurodollar Rate is then being
determined (or such other amount as shall be determined by the Administrative
Agent) with maturities comparable to such period as of approximately 11:00 a.m.
(London, England time) on such Interest Rate Determination Date, by (ii) an
amount equal to (a) one minus (b)
the Applicable Reserve Requirement.

“Administrative Agent” as
defined in the preamble hereto.

“Affected Lender” as
defined in Section 2.18(b).

 2
 

 

“Affected Loans” as
defined in Section 2.18(b).

“Affiliate” means, as
applied to any Person, any other Person directly or indirectly controlling,
controlled by, or under common control with, that Person.  For the purposes of this definition,
“control” (including, with correlative meanings, the terms “controlling,”
“controlled by” and “under common control with”), as applied to any Person,
means the possession, directly or indirectly, of the power (i) to vote 10% or
more of the Securities having ordinary voting power for the election of
directors of such Person, or (ii) to direct or cause the direction of the management
and policies of that Person, whether through the ownership of voting securities
or by contract or otherwise.

“Agent” means each of the
Arranger and Administrative Agent.

“Aggregate Amounts Due” as
defined in Section 2.17.

“Agreement” as defined in
the preamble hereto.

“Applicable Margin” means
(i) with respect to Term Loans (other than New Term Loans) that are Eurodollar Rate Loans, (a)
from the Closing Date until the date of delivery of the Compliance Certificate
and the financial statements in respect of the 1st Fiscal Quarter of 2007, a
percentage, per annum, determined by reference to the following table as if the
Consolidated Leverage Ratio then in effect were in excess of 3.00:1.00; and (b)
thereafter, a percentage, per annum, determined by reference to the
Consolidated Leverage Ratio (calculated
on a pro forma basis to give effect to all New Term Loans drawn since the most
recent calculation of the Consolidated Leverage Ratio) in effect from
time to time as set forth below, (ii) with respect to Revolving Loans that are
Eurodollar Rate Loans, a percentage, per annum, determined by reference to the
Consolidated Leverage Ratio (calculated
on a pro forma basis to give effect to all New Term Loans drawn since the most
recent calculation of the Consolidated Leverage Ratio) in effect from
time to time as set forth below:

	
  Consolidated

  Leverage Ratio

  	
   

  	
  Applicable Margin for

  Eurodollar Rate

  Revolving Loans

  	
   

  	
  Applicable Margin for

  Eurodollar Rate

  Term Loans

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  > 3.00:1.00

  	
   

  	
   

  	
  2.75

  	
  %

  	
  1.75

  	
  %

  
	
  <
  3.00:1.00 

  > 2.50:1.00

  	
   

  	
   

  	
  2.50

  	
  %

  	
  1.50

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  <
  2.50:1.00 

  > 2.00:1.00

  	
   

  	
   

  	
  2.25

  	
  %

  	
  1.50

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  <
  2.00:1.00

  	
   

  	
   

  	
  2.00

  	
  %

  	
  1.50

  	
  %

  

(iii) with respect to Swingline Loans and Revolving
Loans that are Base Rate Loans, an amount equal to (a) the Applicable Margin
for Revolving Loans that are Eurodollar Rate Loans as determined pursuant to
clause (ii) above, minus (b)
1.00% per annum, (iv) with respect to Term Loans (other than New Term Loans) that are
Base Rate Loans, an amount equal to (a) the Applicable Margin for Term Loans
that are Eurodollar Rate Loans as determined pursuant to clause (i)(a) or
(i)(b) above, as applicable, minus
(b) 1.00% per annum, and (v) with respect
to Loans that are

 3
 

 

New Term Loans, the
Applicable Margin shall be as provided for in the Joinder Agreement relating to
the New Term Loan Commitment in respect of such New Term Loan.  No change in the Applicable Margin shall be
effective until three Business Days after the date on which Administrative
Agent shall have received the applicable financial statements and a Compliance
Certificate calculating the Consolidated Leverage Ratio; provided that
notwithstanding the foregoing, a change in the Applicable Margin as a result of
a change to the Consolidated Leverage Ratio resulting from the pro forma effect
of a drawing of New Term Loans shall be given effect one Business Day following
any such drawing of New Term Loans. 
At any time Borrower has not submitted to Administrative Agent the
applicable information as and when required, the Applicable Margin shall be
determined as if the Consolidated Leverage Ratio were in excess of
3.00:1.00.  Promptly after receipt of the
applicable information under Section 5.2(b), Administrative Agent shall
give each Lender telefacsimile or telephonic notice (confirmed in writing) of
the Applicable Margin in effect from such date.

“Applicable Reserve Requirement”
means, at any time, for any Eurodollar Rate Loan, the maximum rate, expressed
as a decimal, at which reserves (including any basic marginal, special,
supplemental, emergency or other reserves) are required to be maintained with respect
thereto against “Eurocurrency liabilities” (as such term is defined in
Regulation D) under regulations issued from time to time by the Board of
Governors of the Federal Reserve System or other applicable banking
regulator.  Without limiting the effect
of the foregoing, the Applicable Reserve Requirement shall reflect any other
reserves required to be maintained by such member banks with respect to (i) any
category of liabilities that includes deposits by reference to which the
applicable Adjusted Eurodollar Rate or any other interest rate of a Loan is to
be determined, or (ii) any category of extensions of credit or other assets
that include Eurodollar Rate Loans.  A
Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities and
as such shall be deemed subject to reserve requirements without benefits of
credit for proration, exceptions or offsets that may be available from time to
time to the applicable Lender.  The rate
of interest on Eurodollar Rate Loans shall be adjusted automatically on and as
of the effective date of any change in the Applicable Reserve Requirement.

“Arranger” as defined in
the preamble hereto.

“Asset Sale” means any
Disposition of Property or series of related Dispositions of Property
(excluding any such Disposition permitted by clause (a), (b), (c) or (d) of Section
6.5) that yields gross proceeds to Borrower or any of its Restricted
Subsidiaries in the case of noncash proceeds consisting of notes or other debt
securities, valued at the initial principal amount thereof, and in the case of
other noncash proceeds, valued at fair market value (as reasonably determined
by Borrower, or, if requested by Administrative Agent, determined by a
reputable, independent third party reasonably satisfactory to Administrative
Agent and paid for by Borrower) in excess of $5,000,000.

“Assignment Agreement”
means an Assignment and Assumption Agreement substantially in the form of Exhibit
E, with such amendments or modifications as may be approved by
Administrative Agent.

“Authorized Officer”
means, as applied to any Person, any individual holding the position of
chairman of the board (if also an officer), chief executive officer, president
or one of its vice presidents (or the equivalent thereof), chief financial
officer or treasurer.

“Balance Sheet” as defined
in Section 4.1(a).

 4
 

 

“Bankruptcy Code” means
Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter
in effect, or any successor statute.

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

“Base Rate Loan” means a
Loan bearing interest at a rate determined by reference to the Base Rate.

“Beneficiary” means each
Agent, Issuing Bank, Lender and Lender Counterparty.

“Borrower” as defined in
the preamble hereto.

“Borrower Affiliated Group”
as defined in Section 6.6(f).

“Business Day” means (i)
any day excluding Saturday, Sunday and any day that is a legal holiday under
the laws of the State of New York or is a day on which banking institutions located
in such state are authorized or required by law or other governmental action to
close, and (ii) with respect to all notices, determinations, fundings and
payments in connection with the Adjusted Eurodollar Rate or any Eurodollar Rate
Loans, the term “Business Day”
shall mean any day that is a Business Day described in clause (i) and that is
also a day for trading by and between banks in Dollar deposits in the London
interbank market.

“Capital Expenditures”
means, for any period, with respect to any Person, the aggregate of all
expenditures made by such Person and its Subsidiaries, on a consolidated basis,
for the acquisition or leasing (pursuant to a capital lease) of fixed or
capital assets or additions to equipment (including replacements, capitalized
repairs and improvements during such period) that should be capitalized under
GAAP on a consolidated balance sheet of such Person and its Subsidiaries.

“Capital Lease Obligations”
means, as to any Person, the obligations of such Person to pay rent or other
amounts under any (i) 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, for the purposes of this Agreement, the
amount of such obligations at any time shall be the capitalized amount thereof
at such time determined in accordance with GAAP and (ii) any lease financing
arrangements set forth on the balance sheet of such Person other than EITF
97-10 Capital Lease Obligations.

“Capital Stock” means any
and all shares, interests, participations or other equivalents (however
designated) of capital stock of a corporation, any and all equivalent ownership
interests in a Person (other than a corporation), including partnership
interests and membership interests, and any and all warrants, rights or options
to purchase (other than convertible or exchangeable Indebtedness that is not otherwise
capital stock) or other arrangements or rights to acquire any of the foregoing.

“Cash” means money,
currency or a credit balance in any Deposit Account.

 5
 

 

“Cash Equivalents” means,
as at any date of determination, (a) marketable direct obligations issued by,
or unconditionally guaranteed by, the United States government or any agency
thereof and backed by the full faith and credit of the United States, in each
case maturing within one year from the date of acquisition; (b) certificates of
deposit, time deposits, eurodollar time deposits or overnight bank deposits
having maturities of six months or less from the date of acquisition issued by
any Lender or by any commercial bank organized under the laws of the United
States of America or any state thereof having combined capital and surplus of
not less than $500,000,000; (c) commercial paper of an issuer rated at least
“A-1” by S&P or “P-1” by Moody’s, or carrying an equivalent rating by a
nationally recognized rating agency if both of the two named rating agencies
cease publishing ratings of commercial paper issuers generally, and maturing
within six months from the date of acquisition; (d) repurchase obligations of
any Lender or of any commercial bank satisfying the requirements of clause (b)
of this definition, having a term of not more than 30 days with respect to
securities issued or fully guaranteed or insured by the United States
government; (e) securities with maturities of one year or less from the date of
acquisition issued or fully guaranteed by any state, commonwealth or territory
of the United States, by any political subdivision or taxing authority of any
such state, commonwealth or territory or by any foreign government, the
securities of which state, commonwealth, territory, political subdivision,
taxing authority or foreign government (as the case may be) are rated at least
“A” by S&P or “A” by Moody’s; (f) securities with maturities of six months
or less from the date of acquisition backed by standby letters of credit issued
by any Lender or any commercial bank satisfying the requirements of clause (b)
of this definition; or (g) shares of money market mutual or similar funds that
invest exclusively in assets satisfying the requirements of clauses (a) through
(f) of this definition.

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

“Certificate Re Non-Bank Status”
means a certificate substantially in the form of Exhibit F.

“Class” means (i) with
respect to Lenders, each of the following classes of Lenders:  (a) Lenders having Term Loan Exposure and (b)
Lenders having Revolving Loan Exposure (including Swingline Lender), and (ii)
with respect to Loans, each of the following classes of Loans:  (a) Term Loans and (b) Revolving Loans (including
Swingline Loans).

“Closing Date” means the
date on which this Agreement becomes effective.

“Closing Date Certificate”
means a certificate substantially in the form of Exhibit G-1.

“Closing Date Projections”
as defined in Section 4.1(c).

“Closing Date Transactions”
means the amendment and restatement of the Fourth Restated Credit Agreement,
including the continuation of Existing Term Loans as Term Loans hereunder, the
continuation of Existing Revolving Loans as Revolving Loans hereunder and the
continuation of Existing Revolving Exposure as Revolving Exposure hereunder,
effectuated under this Agreement, and the making of Term Loans on the Closing
Date as provided in Section 2.1(a).

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

 6
 

 

“Collateral” means,
collectively, all of the real, personal and mixed property (including Capital
Stock) in which Liens are purported to be granted pursuant to the Security
Documents as security for the Obligations.

“Commitment” means any
Revolving Commitment or Term Loan Commitment.

“Commonly-Controlled Entity”
means an entity, whether or not incorporated, that is under common control with
Borrower within the meaning of Section 4001 of ERISA, or is part of a group
that includes Borrower and that is treated as a single employer under Section
414 of the Code or of which Borrower is a general partner.

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

“Confidential Information Memorandum”
means the Confidential Information Memorandum dated October 2006 and furnished
to Lenders.

“Consolidated Adjusted Debt”
means, as of the last day of any period, the sum of (a) Funded Debt of Borrower
and its Restricted Subsidiaries as of such date less the amount of unrestricted and unencumbered Cash and
Cash Equivalents of Borrower and its Restricted Subsidiaries as of such date (provided that, Cash and Cash Equivalents
subject to Liens granted under the Security Documents shall not be deemed to be
restricted or encumbered as a result thereof), and (b) the product of 8 times
Consolidated Lease Expense for such period.

“Consolidated Adjusted Interest
Coverage Ratio” means, for any period, the ratio of (a) Consolidated
EBITDAR of Borrower and its Restricted Subsidiaries for such period, to (b) the
sum of (i) Consolidated Interest Expense of Borrower and its Restricted
Subsidiaries for such period (provided that,
Consolidated Interest Expense shall be calculated on a pro forma basis to give effect to
Indebtedness incurred during such period to finance Permitted Acquisitions or
other acquisitions as if such Indebtedness had been incurred on the first day
of such period), and (ii) Consolidated Lease Expense of Borrower and its
Restricted Subsidiaries for such period.

“Consolidated Adjusted Leverage Ratio”
means, for any period, the ratio of (a) Consolidated Adjusted Debt as of the
last day of such period to, (b) Consolidated EBITDAR of Borrower and its Restricted
Subsidiaries for such period.

“Consolidated Current Assets”
means, as at any date of determination, the total assets of Borrower and its
Restricted Subsidiaries on a consolidated basis that may properly be classified
as current assets in conformity with GAAP, excluding Cash and Cash Equivalents.

“Consolidated Current Liabilities”
means, as at any date of determination, the total liabilities of Borrower and
its Restricted Subsidiaries on a consolidated basis that may properly be
classified as current liabilities in conformity with GAAP, excluding (i) the
current portion of long term debt and (ii) the current portion of any balance
sheet liabilities attributable to NCM Extraordinary Payments.

“Consolidated EBITDA”
means, as to Borrower and its Restricted Subsidiaries, for any applicable
period, the difference of (a) the sum (without duplication) of (i) Consolidated
Net Income of Borrower and its Restricted Subsidiaries for such period, plus (ii) the amounts deducted by Borrower and its
Restricted Subsidiaries in determining such Consolidated Net Income for such
period representing (s) noncash minority interest expense, (t) noncash charges
(including noncash Consolidated Lease Expense and
noncash theatre closing costs), amortization (including

 7
 

 

amortization of deferred financing fees),
depreciation, noncash restructuring charges or reserves, and other noncash reserves
and nonrecurring charges, (u) all federal, state and local taxes (whether paid
in cash or deferred) computed on the basis of income, (v) Consolidated Interest
Expense and noncash interest expense, (w) expenses or charges incurred in
connection with the issuance of debt or equity securities, and up-front fees
paid with respect to credit facilities provided by banks and other financial
institutions, (x) Transaction Costs and other one-time fees, costs and expenses
(including legal fees and costs) in connection with the Closing Date Transactions
and actions related thereto (including obtaining title insurance, making
filings and recordings of mortgages, deeds of trust, financing statements and
other actions contemplated by the Loan Documents), (y) expenses or charges
incurred in connection with real estate financings consummated during such
period, and (z) fees and expenses paid in connection with Permitted Acquisitions
consummated and Investments made during such period, minus (b) the amounts included by Borrower and its
Restricted Subsidiaries in determining such Consolidated Net Income for such
period representing (x) noncash gains, (y) nonrecurring gains, and (z) cash
payments made during such period with respect to noncash charges or reserves
included in (a)(ii) above for a prior period; provided
that (without duplication), “Consolidated EBITDA” for any applicable period
shall be (A) determined on the basis that any Permitted Acquisitions, or other
acquisitions or dispositions of revenue producing assets that were consummated
during such period, were consummated on the first day of such period, (B)
determined on the basis that any designation of a Subsidiary as an Unrestricted
Subsidiary or a Restricted Subsidiary, as the case may be, that occurred during
such period occurred on the first day of such period, and (C) increased or
decreased, as the case may be, to reflect the projected good faith identifiable
and supportable net cost saving or additional net costs, as the case may be,
resulting from any Permitted Acquisition consummated during such period by combining
the operations of such acquisition with the operations of Borrower and its
Restricted Subsidiaries (as determined by Borrower based on reasonable assumptions
and computations set forth in sufficient detail and that are reasonably
acceptable, in substance, to Administrative Agent, which determination shall be
made on each date on which a Compliance Certificate for such applicable period
is delivered, all in compliance with the requirements of Regulation S-X for a
Form S-1 registration statement under the Securities Act); provided
further that, so long as such net savings or additional net costs
will be realizable at any time during such period, it may be assumed, for the
purpose of this clause, that such net cost savings or additional net costs will
be realizable during the entire period.

“Consolidated EBITDAR”
means, as to Borrower and its Restricted Subsidiaries for any period,
Consolidated EBITDA for such period plus,
without duplication, the sum of all rent expense (calculated by giving effect
to the adjustments to the asset base described in the definition of
“Consolidated EBITDA” herein) of Borrower and its Restricted Subsidiaries for
such period.

“Consolidated Excess Cash Flow”
means, as to Borrower and its Restricted Subsidiaries for the period commencing
on May 1, 2004 and ending on July 1, 2004 or December 30, 2004, as applicable,
and for each Fiscal Quarter and Fiscal Year thereafter, an amount equal to:  (i) the sum, without duplication, of the
amounts for such period of (a) Consolidated Net Income, (b) Consolidated
Working Capital Adjustment, (c) to the extent deducted in calculating
Consolidated Net Income, expenses, premiums or charges incurred in connection
with the issuance of debt or equity securities, fees paid in respect of credit
facilities provided by banks and other financial institutions, and one-time
fees, costs and expenses (including legal fees and costs) in connection with
the Closing Date Transactions and actions related thereto (including obtaining
title insurance, making filings and recordings of mortgages, deeds of trust,
financing statements, and other actions contemplated by the Loan Documents),
(d) depreciation and amortization deducted in determining such Consolidated Net
Income, and (e) other noncash charges or losses deducted in determining such
Consolidated Net Income, minus
(ii) the sum, without duplication, of the

 8
 

 

amounts for such period of (a) voluntary and scheduled
repayments of Consolidated Total Debt (excluding (1) voluntary repayments of
the Loans, and (2) repayments financed with Indebtedness), (b) Capital
Expenditures made with internally-generated cash (net of any proceeds of
(x) any related financings with respect to such expenditures, and (y) any
Asset Sales used to finance such expenditures), and (c) noncash gains included
in determining such Consolidated Net Income.

“Consolidated Interest Expense”
means, as to Borrower and its Restricted Subsidiaries for any period, total
cash interest expense (including that attributable to Capital Lease
Obligations) of Borrower and its Restricted Subsidiaries for such period with
respect to all outstanding Indebtedness of Borrower and its Restricted
Subsidiaries (including all commissions, discounts and other fees and charges
owed with respect to letters of credit and bankers’ acceptance financing and
net costs under Hedge Agreements in respect of interest rates to the extent
such net costs are allocable to such period in accordance with GAAP).

“Consolidated Lease Expense”
means, for any period, the aggregate amount of fixed and contingent cash
rentals payable by Borrower and its Restricted Subsidiaries (determined on a
consolidated basis in accordance with GAAP), for such period with respect to
leases of real and personal property; provided
that, (i) payments in respect of Capital Lease Obligations or EITF 97-10
Capital Lease Obligations shall not constitute Consolidated Lease Expense, (ii)
Consolidated Lease Expense shall be calculated by giving effect to the adjustments
to the asset base described in the definition of “Consolidated EBITDA” herein,
and (iii) payments in respect of Synthetic Lease Obligations shall not
constitute Consolidated Lease Expense.

“Consolidated Leverage Ratio”
means, as at the last day of any period of four consecutive Fiscal Quarters,
the ratio of (a) Consolidated Total Debt on such day, to (b) Consolidated
EBITDA for such period.

“Consolidated Net Income”
means, as to Borrower and its Restricted Subsidiaries for any period, the
consolidated net income (or loss) of Borrower and its Restricted Subsidiaries
for such period, determined on a consolidated basis in accordance with GAAP; provided that, in calculating such
Consolidated Net Income for any period, there shall be excluded (a) the income
(or deficit) of any Restricted Subsidiary accrued prior to the date it becomes
a Restricted Subsidiary or is merged into or consolidated with Borrower or any
of its Restricted Subsidiaries, except as set forth in clause (A) of the first
proviso of the definition of Consolidated EBITDA, (b) the income (or deficit)
of any Person (other than a Restricted Subsidiary) in which Borrower or any of
its Restricted Subsidiaries has an ownership interest, except to the extent
that any such income is actually received by Borrower or such Restricted
Subsidiary in the form of dividends or similar distributions; notwithstanding
the foregoing, all dividends or similar distributions actually received by
Borrower or such Restricted Subsidiary from NCM shall be included in Consolidated
Net Income to the extent not excluded pursuant to clause (e) below, (c) the
undistributed earnings of any Restricted Subsidiary to the extent that the
declaration or payment of dividends or similar distributions by such Restricted
Subsidiary is not at the time permitted by the terms of any Contractual
Obligation (other than under any Loan Document) or Requirement of Law
applicable to such Restricted Subsidiary, (d) all gains (but not losses) that
are either extraordinary (as determined in accordance with GAAP) or are either
unusual or nonrecurring (including any gain from the sale or other disposition
of assets outside the ordinary course of business or from the issuance or sale
of any capital stock) and (e) NCM Extraordinary Payments and taxes relating to
such NCM Extraordinary Payments.

 9

 

“Consolidated Senior Debt”
means all Consolidated Total Debt other than Subordinated Debt.

“Consolidated Senior Leverage Ratio”
means as of the last day of any period of four consecutive Fiscal Quarters, the
ratio of (a) Consolidated Senior Debt on such day, to (b) Consolidated EBITDA
for such period.

“Consolidated Total Debt”
means, at any date of determination, the aggregate principal amount of all
Funded Debt of Borrower and its Restricted Subsidiaries at such date,
determined on a consolidated basis in accordance with GAAP, less the amount of unrestricted and unencumbered
Cash and Cash Equivalents of Borrower and its Restricted Subsidiaries as of
such date (provided that, Cash
and Cash Equivalents subject to Liens granted under the Security Documents shall
not be deemed to be restricted or unencumbered as a result thereof).

“Consolidated Working Capital”
means, as at any date of determination, the excess of Consolidated Current
Assets over Consolidated Current Liabilities as at such date.

“Consolidated Working Capital
Adjustment” means, for any period on a consolidated basis, the
amount (which may be a negative number) by which Consolidated Working Capital
as at the beginning of such period exceeds (or is less than) Consolidated
Working Capital as at the end of such period.

“Contingent Obligation”
means, as to any Person (the “guaranteeing
person”), any obligation of (a) the guaranteeing person or (b)
another Person (including any bank under any letter of credit) to induce the
creation of which the guaranteeing person has issued a reimbursement,
counterindemnity or similar obligation guaranteeing or in effect guaranteeing
any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other Person
(the “primary obligor”) in any manner,
whether directly or indirectly, including any obligation of the guaranteeing
person, whether or not contingent, (i) to purchase any such primary obligation
or any Property constituting direct or indirect security therefor, (ii) to
advance or supply funds (1) for the purchase or payment of any such primary
obligation, or (2) to maintain working capital or equity capital of the primary
obligor or otherwise to maintain the net worth or solvency of the primary
obligor, (iii) to purchase Property, securities or services primarily for the
purpose of assuring the owner of any such primary obligation of the ability of
the primary obligor to make payment of such primary obligation, or (iv) otherwise
to assure or hold harmless the owner of any such primary obligation against
loss in respect thereof; provided
that, the term Contingent Obligation shall not include endorsements of
instruments for deposit or collection in the ordinary course of business.  The amount of any Contingent Obligation of
any guaranteeing person shall be deemed to be the lower of (a) an amount equal
to the stated or determinable amount of the primary obligation in respect of
which such Contingent Obligation is made, and (b) the maximum amount for which
such guaranteeing person may be liable pursuant to the terms of the instrument
embodying such Contingent Obligation, unless such primary obligation and the
maximum amount for which such guaranteeing person may be liable are not stated
or determinable, in which case the amount of such Contingent Obligation shall
be such guaranteeing person’s maximum reasonably anticipated liability in
respect thereof as determined by Borrower in good faith.

“Continuing Director”
means, as to any Person, during any period of 12 consecutive months after the
Closing Date, individuals who at the beginning of any such 12-month period
constituted the board of directors of such Person (together with any new
directors whose election by such board or whose nomination for election by the
shareholders of such Person was approved by a vote of a majority of the
directors then still in office who were either directors at the beginning 

 10
 

 

of such period or whose election or nomination for
election was previously so approved, including new directors designated in or
provided for in an agreement regarding the merger, consolidation or sale,
transfer or other conveyance, of all or substantially all of the assets of such
Person, if such agreement was approved by a vote of such majority of
directors).

“Contractual Obligation”
means, as to any Person, any provision of any security issued by that Person or
of any indenture, mortgage, deed of trust, contract, undertaking, agreement or
other instrument to which that Person is a party or by which it or any of its
properties is bound or to which it or any of its properties is subject.

“Control Affiliate” means,
as to any Person, any other Person that directly or indirectly, is controlled
by such Person.  For purposes of this
definition, “control” of a Person means the power, directly or indirectly, to
direct or cause the direction of the management and policies of such Person
whether by contract or otherwise.

“Control Agreement” as
defined in the Guaranty and Collateral Agreement.

“Conversion/Continuation Date”
means the effective date of a continuation or conversion, as the case may be,
as set forth in the applicable Conversion/Continuation Notice.

“Conversion/Continuation Notice”
means a notice substantially in the form of Exhibit A-2.

“Credit Date” means the
date of a Credit Extension.

“Credit Extension” means
the making of a Loan or the issuing of a Letter of Credit.

“CS” means Credit Suisse,
Cayman Islands Branch.

“CS Securities” means Credit Suisse
Securities (USA) LLC.

“Default” means a
condition or event that, after notice or lapse of time or both, would
constitute an Event of Default.

“Default Excess” means,
with respect to any Defaulting Lender, the excess, if any, of such Defaulting
Lender’s Pro Rata Share of the aggregate outstanding principal amount of the
Loans of all Lenders (calculated as if all Defaulting Lenders (other than such
Defaulting Lender) had funded all of their respective Defaulted Loans) over the
aggregate outstanding principal amount of all Loans of such Defaulting Lender.

“Default Period” means,
with respect to any Defaulting Lender, the period commencing on the date of the
applicable Funding Default and ending on the earliest of:  (i) the date on which all Commitments are
cancelled or terminated or the Obligations are declared or become immediately
due and payable, (ii) the date on which (a) the Default Excess with respect to
such Defaulting Lender shall have been reduced to zero (whether by the funding
by such Defaulting Lender of any of its Defaulted Loans or by the non pro rata application of any voluntary or
mandatory prepayments of the Loans in accordance with the terms of Section
2.13 or 2.14 or by a combination thereof), and (b) such Defaulting
Lender shall have delivered to Borrower and Administrative Agent a written
reaffirmation of its intention to honor its obligations hereunder with respect
to its Commitments, and (iii) the date on which Borrower, Administrative Agent
and Requisite Lenders waive all Funding Defaults of such Defaulting Lender in
writing.

 11
 

 

“Defaulted Loan” as
defined in Section 2.20(g).

“Defaulting Lender” as
defined in Section 2.20(g).

“Deposit Account” as
defined in the UCC.

“Derivatives Counterparty”
as defined in Section 6.6.

“Disposition” means with
respect to any Property, any sale, lease, sale and leaseback, assignment,
conveyance, transfer or other disposition thereof (including any sale,
assignment, conveyance, transfer, disposition or issuance of Capital Stock of
any Restricted Subsidiary or any sale, assignment, conveyance, transfer or
disposition of Capital Stock held by Borrower or any Restricted Subsidiary);
and the terms “Dispose” and “Disposed of” shall have correlative meanings.

“Disqualified Stock” means
any Capital Stock or other ownership or profit interest of any of Borrower or
its Subsidiaries that any such Person is or, upon the passage of time or the
occurrence of any event may become, obligated to redeem, purchase, retire,
defease or otherwise make any payment in respect of such Capital Stock in
consideration other than additional Capital Stock (other than Disqualified
Stock), if such obligation matures or has the potential to mature sooner than
one year after the repayment in full of all Obligations hereunder.

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

“Domestic Subsidiary”
means any Restricted Subsidiary organized under the laws of the United States
of America, any state thereof or the District of Columbia.

“EITF 97-10 Capital Lease Obligations”
means obligations that are classified as “Capital Lease Obligations” under
generally accepted accounting principles in the United States of America due to
the application of Emerging Issues Task Force Regulation 97-10, and that, but
for such regulation, would not constitute Capital Lease Obligations.

“Eligible Assignee” means
(i) any Lender, any Affiliate of any Lender and any Related Fund (any two or
more Related Funds being treated as a single Eligible Assignee for all purposes
hereof), and (ii) any commercial bank, insurance company, investment or mutual
fund or other entity that is an “accredited investor” (as defined in Regulation
D under the Securities Act) and that extends credit or buys loans as one of its
primary businesses; provided
that, no Affiliate or competitor of Borrower, or Terminated Lender shall be an
Eligible Assignee.  For purposes of this
definition, “competitor” means (x) a Person primarily engaged in the same Line
of Business as Borrower, (y) a Person directly or indirectly controlled by or
under common control with any Person identified in the preceding clause (x),
and (z) a Subsidiary of any Person identified in the preceding clause (x).

“Environmental Claim”
means any investigation, notice, notice of violation, claim, action, suit,
proceeding, demand (conditional or otherwise), by any Governmental Authority or
any other Person or any order or directive by any Governmental Authority,
arising (i) pursuant to or in connection with any actual or alleged violation
of any Environmental Law, (ii) in connection with any Hazardous Material or any
actual or alleged Hazardous Materials Activity, or (iii) in connection with any
actual or alleged damage, injury, threat or harm to health, safety, natural resources
or the environment.

 12
 

 

“Environmental Laws” means
any and all applicable laws, rules, orders, regulations, statutes, ordinances,
codes, decrees, or other legally enforceable requirements (including common
law) of any international authority, foreign government, the United States, or
any state, local, municipal or other Governmental Authority, regulating,
relating to or imposing liability or standards of conduct concerning Hazardous
Materials Activity, protection of the environment, human health, or the
generation, use, storage, transportation or disposal of Hazardous Materials, as
has been, is now, or may at any time hereafter be, in effect.

“Environmental Permits”
means any and all permits, licenses, approvals, registrations, notifications,
exemptions and any other authorization required under any Environmental Law.

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

“ERISA Affiliate” means,
as applied to any Person, (i) any corporation that is a member of a controlled
group of corporations within the meaning of Section 414(b) of the Code of which
that Person is a member, (ii) any trade or business (whether or not
incorporated) that is a member of a group of trades or businesses under common
control within the meaning of Section 414(c) of the Code of which that Person
is a member, and (iii) any member of an affiliated service group within the
meaning of Section 414(m) or (o) of the Code of which that Person, any
corporation described in clause (i) above or any trade or business described in
clause (ii) above is a member.  Any
former ERISA Affiliate of Borrower or any of its Subsidiaries shall continue to
be considered an ERISA Affiliate of Borrower or any such Subsidiary within the
meaning of this definition with respect to the period such entity was an ERISA
Affiliate of Borrower or such Subsidiary and with respect to liabilities
arising after such period for which Borrower or such Subsidiary could be liable
under the Code or ERISA.

“ERISA Event” means (i) a
“reportable event” within the meaning of Section 4043(c) of ERISA and the
regulations issued thereunder with respect to any Pension Plan (excluding those
for which the provision for 30 day notice to the PBGC has been waived by
regulation), (ii) the failure to meet the minimum funding standard of Section
412 of the Code with respect to any Pension Plan (whether or not waived in
accordance with Section 412(d) of the Code) or the failure to make by its due
date a required installment under Section 412(m) of the Code with respect to
any Pension Plan or the failure to make any required contribution to a Multiemployer
Plan, (iii) the provision by the administrator of any Pension Plan pursuant to
Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a
distress termination described in Section 4041(c) of ERISA, (iv) the withdrawal
by Borrower, any of its Subsidiaries or any of their respective ERISA
Affiliates from any Pension Plan with two or more contributing sponsors or the
termination of any such Pension Plan resulting in liability to Borrower, any of
its Subsidiaries or any of their respective Affiliates pursuant to Section 4063
or 4064 of ERISA, (v) the institution by the PBGC of proceedings to terminate
any Pension Plan, or the occurrence of any event or condition which might
constitute grounds under ERISA for the termination of, or the appointment of a
trustee to administer, any Pension Plan, (vi) the imposition of liability on Borrower,
any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to
Section 4062(e) or 4069 of ERISA or by reason of the application of Section
4212(c) of ERISA, (vii) the withdrawal of Borrower, any of its Subsidiaries or
any of their respective ERISA Affiliates in a complete or partial withdrawal
(within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer
Plan if there is any potential liability therefore, or the receipt by Borrower,
any of its Subsidiaries or any of their respective ERISA Affiliates of notice
from any Multiemployer Plan that it is in reorganization or insolvency pursuant
to Section 4241 or 4245 of ERISA, or that it intends to terminate or has
terminated under Section 4041A or 4042 of ERISA, (viii) the occurrence of an
act or omission which could give rise to the imposition on Borrower, any of its
Subsidiaries or any of their 

 13
 

 

respective ERISA Affiliates of fines, penalties, taxes
or related charges under Chapter 43 of the Code or under Section 409, Section
502(c), (i) or (l), or Section 4071 of ERISA in respect of any Employee Benefit
Plan, (ix) the assertion of a material claim (other than routine claims for benefits)
against any Employee Benefit Plan other than a Multiemployer Plan or the assets
thereof, or against Borrower, any of its Subsidiaries or any of their
respective ERISA Affiliates in connection with any Employee Benefit Plan, (x)
receipt from the Internal Revenue Service of notice of the failure of any
Pension Plan (or any other Employee Benefit Plan intended to be qualified under
Section 401(a) of the Code) to qualify under Section 401(a) of the Code, or the
failure of any trust forming part of any Pension Plan to qualify for exemption
from taxation under Section 501(a) of the Code, or (xi) the imposition of a
Lien pursuant to Section 401(a)(29) or 412(n) of the Code or pursuant to ERISA
with respect to any Pension Plan.

“Eurodollar Rate Loan”
means a Loan bearing interest at a rate determined by reference to the Adjusted
Eurodollar Rate.

“Event of Default” means
each of the conditions or events set forth in Section 7.1.

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

“Excluded Foreign Subsidiary”
means a Foreign Subsidiary in respect of which either (i) the pledge of all of
the Capital Stock of such Subsidiary as Collateral, or (ii) the guaranteeing by
such Subsidiary of the Obligations, would, in the good faith judgment of
Borrower, result in material adverse tax consequences to Borrower and its
Restricted Subsidiaries, taken as a whole; provided
that, a Foreign Subsidiary that is treated as a pass-through entity for United
States federal income tax purposes shall not be an Excluded Foreign Subsidiary
while so treated.

“Existing Letters of Credit”
means all letters of credit outstanding on the Closing Date described on Schedule
1.1, which are deemed to be Letters of Credit hereunder.

“Existing Mortgage” means
any mortgage, deed of trust or deed to secure debt, as applicable, granted as
security for all or any of the obligations under any of the Original Credit
Agreement, Restated Credit Agreement, Second Restated Credit Agreement, Third
Restated Credit Agreement or Fourth Restated Credit Agreement and that is still
in effect on the Closing Date, as the same has been or may be amended,
supplemented or otherwise modified from time to time.

“Existing Revolving Exposure” means the
Existing Revolving Loans and the revolving commitments outstanding under the
Fourth Restated Credit Agreement immediately prior to the effectiveness of this
Agreement.

“Existing Revolving Loans” means the
revolving loans outstanding under the Fourth Restated Credit Agreement
immediately prior to the effectiveness of this Agreement.

“Existing Senior Subordinated Note
Indenture” means the Indenture, dated as of January 29, 2002,
entered into by Borrower in connection with the issuance of the Existing Senior
Subordinated Notes, as the same may have been amended, restated, supplemented,
replaced or otherwise modified from time to time.

“Existing Senior Subordinated Notes”
means the senior subordinated notes of Borrower issued and outstanding pursuant
to the Existing Senior Subordinated Note Indenture.

 14
 

 

“Existing Term Loans”
means the term loans outstanding under the Fourth Restated Credit Agreement
immediately prior to the effectiveness of this Agreement.

“Existing Title Policy”
means each of the mortgagee’s title insurance policies that were issued
pursuant to the terms of the Original Credit Agreement, the Restated Credit
Agreement, the Second Restated Credit Agreement, the Third Restated Credit
Agreement, or the Fourth Restated Credit Agreement.

“Facility” means any real
property (including all buildings, fixtures or other improvements located
thereon) now, hereafter or heretofore owned, leased, operated or used by
Borrower or any of its Subsidiaries or any of their respective predecessors or
Affiliates.

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

“Final Maturity Date”
means the latest to occur of the Term Loan Maturity Date and the maturity date
of each Series or
other tranche of term loans hereunder, if any.

“First Priority” means,
with respect to any Lien purported to be created in any Collateral pursuant to
any Security Document, that such Lien is the only Lien to which such Collateral
is subject, other than any Permitted Lien.

“Fiscal Quarter” means
each fiscal quarter of Borrower. 
References herein to a particular Fiscal Quarter (e.g., “2nd Fiscal Quarter of 2006” refers
to the number of Fiscal Quarters elapsed in a particular Fiscal Year (including
such Fiscal Quarter)).

“Fiscal Year” means a
fiscal year of Borrower, each of which shall, subject to any change in
accordance with Section 6.12, commence on the first Friday after
December 25, and end on the first Thursday after the ensuing December 25.  References herein to a particular Fiscal Year
(e.g., “Fiscal Year 2006”), shall
mean the calendar year during which the majority of such Fiscal Year occurs.

“Flood Hazard Property”
means any Real Estate Asset subject to a Mortgage in favor of Administrative
Agent, for the benefit of the Secured Parties, and located in an area
designated by the Federal Emergency Management Agency as having special flood
or mud slide hazards.

“Foreign Assets” means
assets (other than Persons constituting Foreign Subsidiaries) acquired by a
Foreign Subsidiary in a Permitted Acquisition or pursuant to Section 6.8(m).

“Foreign Subsidiary” means
any Subsidiary that is not a Domestic Subsidiary.

“Foreign Subsidiary Investment Basket”
means an amount (not less than zero) equal to $150,000,000, minus (a) the fair market value
(determined at the time of acquisition) of Foreign 

 15
 

 

Subsidiaries or Foreign Assets acquired pursuant to Section
6.8(f) and applied to reduce the Foreign Subsidiary Investment Basket as
set forth therein, minus (b) the
aggregate amount of Investments made by Borrower and its Domestic Subsidiaries
in Foreign Subsidiaries or Foreign Assets since the Fourth Restated Credit
Agreement Closing Date (other than those referred to in clause (a) and those
received as a capital contribution), plus
(c) the aggregate amount of Net Cash Proceeds received by Borrower and its
Domestic Subsidiaries from Dispositions of Foreign Subsidiaries or Foreign
Assets since the Fourth Restated Credit Agreement Closing Date.

“Fourth Restated Credit Agreement” as
defined in the preamble hereto.

“Fourth Restated Credit Agreement Closing Date”
means May 10, 2004.

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

“Funded Debt” means, as to
any Person, all Indebtedness of such Person of the types described in clauses
(a) through (e) of the definition of “Indebtedness” herein.

“Funding Default” as
defined in Section 2.20(g).

“Funding Notice” means a
notice substantially in the form of Exhibit A-1.

“GAAP” means, subject to
the limitations on the application thereof set forth in Section 1.2,
United States generally accepted accounting principles in effect as of the date
of determination thereof.

“Governmental Acts” means
any act or omission, whether rightful or wrongful, of any present or future de
jure or de facto government or Governmental Authority.

“Governmental Authority”
means any federal, state, municipal, national or other government, governmental
department, commission, board, bureau, court, agency or instrumentality or
political subdivision thereof or any entity or officer exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to any government or any court, in each case whether associated with a state of
the United States, the United States, or a foreign entity or government.

“Governmental Authorization”
means any permit, license, authorization, plan, directive, consent order or
consent decree of or from any Governmental Authority.

“Guarantied Obligations”
as defined in the Guaranty and Collateral Agreement.

“Guarantor” means each
Restricted Subsidiary, other than (i) any Excluded Foreign Subsidiary, (ii)
Clark Regal LLC, (iii) Green Hills Commons, LLC and (iv) the UA Subsidiaries
(solely when the UA Pass-Through Certificates Restriction is in effect).

“Guaranty” means the
guaranty of each Guarantor set forth in the Guaranty and Collateral Agreement.

“Guaranty and Collateral Agreement”
means the Amended and Restated Guaranty and Collateral Agreement, dated as of
the Fourth Restated Credit Agreement Closing Date and executed 

 16
 

 

by Borrower and each Guarantor, substantially in the
form of Exhibit H-1, as it may be amended, restated, supplemented or
otherwise modified from time to time, including pursuant to the Guaranty and
Collateral Agreement Reaffirmation required to be entered into in connection
with this Agreement.

“Guaranty and Collateral Agreement Reaffirmation”
means the Guaranty and Collateral Agreement Reaffirmation, dated as of the date
hereof and executed by Borrower and each Guarantor, substantially in the form
of Exhibit H-3, as it may be amended, restated, supplemented or
otherwise modified from time to time.

“Guaranty and Pledge Agreement”
means the Limited Guaranty and Pledge Agreement, dated as of the Fourth
Restated Credit Agreement Closing Date and executed by Holdings, substantially
in the form of Exhibit H-2, as it may be amended, restated, supplemented
or otherwise modified from time to time, including pursuant to the Guaranty and
Pledge Agreement Reaffirmation required to be entered into in connection with
this Agreement.

“Guaranty and Pledge Agreement Reaffirmation”
means the Guaranty and Pledge Agreement Reaffirmation, dated as of the date
hereof and executed by Holdings, substantially in the form of Exhibit H-4,
as it may be amended, restated, supplemented or otherwise modified from time to
time.

“Hazardous Materials” means any chemical, material,
substance or waste, exposure to which is prohibited, limited or regulated by
any Governmental Authority, or that is defined or included as “hazardous” or
“toxic,” or as a “pollutant” or “contaminant,” in or under any Environmental
Law (including any “hazardous substance,” as defined in CERCLA, and any “hazardous
waste,” as defined in the Resource Conservation and Recovery Act of 1976, as
amended), or that poses or could pose a hazard to the health and safety of the
owners, occupants or any Persons in the vicinity of any Facility or to the
indoor or outdoor environment, and in any event including any petroleum or
petroleum product, asbestos or asbestos-containing material, polychlorinated biphenyls,
fungus or mold.

“Hazardous Materials Activity” means any past, current,
proposed or threatened activity, event or occurrence involving any Hazardous
Materials, including the use, manufacture, possession, storage, holding,
presence, existence, location, Release, threatened Release, discharge,
placement, generation, transportation, processing, construction, treatment,
abatement, removal, remediation, disposal, disposition or handling of any
Hazardous Materials, and any corrective action or response action required
under an Environmental Law with respect to any of the foregoing.

“Hedge Agreement” an
Interest Rate Agreement entered into between Borrower and any Lender
Counterparty that has been designated as a Hedge Agreement by such Lender
Counterparty and Borrower, by notice to Administrative Agent not later than 90
days after the execution and delivery thereof by Borrower; provided that, the designation of any
Interest Rate Agreement as a Hedge Agreement shall not create in favor of any
Lender Counterparty any rights in connection with the management or release of
any Collateral or of the management or release of obligations of any Guarantor
under the Guarantee and Collateral Agreement.

“Highest Lawful Rate”
means the maximum lawful interest rate, if any, that at any time or from time
to time may be contracted for, charged, or received under the laws applicable
to any Lender that are presently in effect or, to the extent allowed by law,
under such applicable laws 

 17
 

 

that may hereafter be in effect and that allow a
higher maximum nonusurious interest rate than applicable laws now allow.

“Historical Financial Statements”
as defined in Section 4.1(b).

“Holdings” means Regal
Entertainment Holdings, Inc., a Delaware corporation.

“Increased Amount Date”
as defined in Section 2.1(c)(i).

“Increased-Cost Lender” as
defined in Section 2.21.

“Indebtedness” means, with
respect to any Person, without duplication, (a) all indebtedness of such Person
for borrowed money, (b) all obligations of such Person for the deferred purchase
price of Property or services (other than trade payables incurred in the
ordinary course of such Person’s business), (c) all obligations of such Person
evidenced by notes, bonds, debentures or other similar instruments, (d) all
indebtedness created or arising under any conditional sale or other title
retention agreement with respect to Property acquired by such Person (even
though the rights and remedies of the seller or lender under such agreement in
the event of default are limited to repossession or sale of such Property), (e)
all Capital Lease Obligations or Synthetic Lease Obligations of such Person,
(f) all obligations of such Person, contingent or otherwise, as an account
party under bankers’ acceptance, letter of credit or similar facilities, (g)
all obligations of such Person, contingent or otherwise, to purchase, redeem,
retire or otherwise acquire for value any Capital Stock of such Person, (h) all
Contingent Obligations of such Person in respect of obligations of the kind
referred to in clauses (a) through (g) above, (i) all obligations of the kind referred
to in clauses (a) through (h) above secured by (or for which the holder of such
obligation has an existing right, contingent or otherwise, to be secured by)
any Lien on Property (including accounts and contract rights) owned by such
Person, whether or not such Person has assumed or become liable for the payment
of such obligation, (j) for the purposes of Section 7.1(b) only, all
obligations of such Person in respect of Hedge Agreements, and (k) the
liquidation value of any Preferred Stock of such Person or its Subsidiaries
held by any Person other than such Person and its Wholly-Owned Subsidiaries; provided that, obligations incurred under
the UA Pass-Through Trust Documents shall not constitute Indebtedness for any
purposes hereunder.

“Indemnified Liabilities”
means, collectively, any and all liabilities, obligations, losses, damages (including
natural resource damages), penalties, claims (including Environmental Claims),
costs (including the costs of any investigation, study, sampling, testing,
abatement, cleanup, removal, remediation or other response action necessary to
remove, remediate, clean up or abate any Hazardous Materials Activity),
expenses and disbursements of any kind or nature whatsoever (including the
reasonable fees and disbursements of counsel for Indemnitees in connection with
any investigative, administrative or judicial proceeding commenced or
threatened by any Person, whether or not any such Indemnitee shall be
designated as a party or a potential party thereto, and any fees or expenses
incurred by Indemnitees in enforcing its indemnity), whether direct, indirect
or consequential and whether based on any federal, state or foreign laws,
statutes, rules or regulations (including securities and commercial laws,
statutes, rules or regulations and Environmental Laws), on common law or
equitable cause or on contract or otherwise, that may be imposed on, incurred
by, or asserted against any such Indemnitee, in any manner relating to or arising
out of (i) this Agreement or the other Loan Documents or the transactions
contemplated hereby or thereby (including the Lenders’ agreement to make Credit
Extensions or the use or intended use of the proceeds thereof, or any
enforcement of any of the Loan Documents (including any sale of, collection
from, or other realization on any of the Collateral or the enforcement of the
Guaranty)), or (ii) any Environmental Claim or any Hazardous Materials Activity
relating to or 

 18
 

 

arising from, directly or indirectly, any past or
present activity, operation, land ownership, or practice of Borrower or any of
its Subsidiaries.

“Indemnitee” as defined in
Section 9.3.

“Insolvency” means, with
respect to any Multiemployer Plan, the condition that such Plan is insolvent
within the meaning of Section 4245 of ERISA.

“Installment” as defined
in Section 2.12  or,
with respect to any Series of New Term Loans, as defined in the applicable
Joinder Agreement.

“Installment Date” as
defined in Section 2.12  or, with respect to any Series of New Term Loans, as defined in the
applicable Joinder Agreement.

“Insurance Requirements”
all material terms of any insurance policy required pursuant to this Agreement
or any Security Document and all material regulations and then current standards
applicable to or affecting any Mortgaged Property or any part thereof or any
use or condition thereof that may, at any time, be recommended by the Board of
Fire Underwriters, if any, having jurisdiction over any Mortgaged Property, or
any other body exercising similar functions.

“Intellectual Property”
means the collective reference to all rights, priorities and privileges
relating to intellectual property, whether arising under United States, state,
multinational or foreign laws or otherwise, including copyrights, patents,
trademarks, service-marks, technology, know-how and processes, recipes,
formulas, trade secrets, or licenses (under which the applicable Person is
licensor or has assignable rights as a licensee) relating to any of the foregoing
and all rights to sue at law or in equity for any infringement or other
impairment thereof, including the right to receive all proceeds and damages therefrom.

“Intellectual Property Security
Agreement” as defined in the Guaranty and Collateral Agreement.

“Intercompany Note” means
a promissory note evidencing Indebtedness payable by Borrower or any Loan Party
(in each case, as payor) to any other Loan Party (as payee), substantially in
the form of Exhibit J, or otherwise in form and substance satisfactory
to Administrative Agent.

“Interest Payment Date”
means (i) with respect to any Base Rate Loan, the last day of each March, June,
September and December of each year, commencing on the first such date to occur
after the Closing Date, and the final maturity date of such Loan, and (ii) with
respect to any Eurodollar Rate Loan, the last day of each Interest Period
applicable to such Loan, provided
that, in the case of each Interest Period of longer than three months,
“Interest Payment Date” shall also include each date that is three months, or
an integral multiple thereof, after the commencement of such Interest Period.

“Interest Period” means,
in connection with a Eurodollar Rate Loan, an interest period of one, two,
three, six or (if available to all Lenders with Loans affected thereby) twelve
months, as selected by Borrower in the applicable Funding Notice or
Conversion/Continuation Notice, (i) initially, commencing on the Credit Date or
Conversion/Continuation Date thereof, as the case may be, and (ii) thereafter,
commencing on the day on which the immediately preceding Interest Period
expires; provided that, (a) if an
Interest Period would otherwise expire on a day that is not a Business Day,
such Interest Period shall expire on the next succeeding Business Day unless no

 19
 

 

further Business Day occurs in such month, in which
case such Interest Period shall expire on the immediately preceding Business
Day, (b) any Interest Period that begins on the last Business Day of a calendar
month (or on a day for which there is no numerically corresponding day in the
calendar month at the end of such Interest Period) shall, subject to clauses
(c) and (d), of this definition, end on the last Business Day of a calendar
month, (c) no Interest Period with respect to any Term Loan shall extend beyond
the Term Loan Maturity Date, and (d) no Interest Period with respect to any Revolving
Loan shall extend beyond the Revolving Commitment Termination Date.

“Interest Rate Agreement”
means any interest rate swap agreement, interest rate cap agreement, interest
rate collar agreement, interest rate hedging agreement or other similar agreement
or arrangement, each of which is for the purpose of hedging the interest rate
exposure associated with the operations of Borrower and its Subsidiaries and
not for speculative purposes.

“Interest Rate Determination Date”
means, with respect to any Interest Period, the date that is two Business Days
prior to the first day of such Interest Period.

“Investment” as defined in
Section 6.8.

“Issuance Notice” means a
notice substantially in the form of Exhibit A-3.

“Issuing Bank” means CS,
as Issuing Bank hereunder, together with its permitted successors and assigns
in such capacity.

“Joinder Agreement”
as defined in Section 2.1(c)(i).

“Joint Venture” means a
joint venture, partnership or other similar arrangement, whether in corporate,
partnership or other legal form; provided that, in no event shall any corporate
Subsidiary of any Person be considered to be a Joint Venture to which such
Person is a party.

“Lender” means each
financial institution listed on the signature pages hereto as a Lender, each
Person that was a lender under the Fourth Restated Credit Agreement immediately
prior to the effectiveness of this Agreement and which consents to the terms of
this Agreement, and any other Person that becomes a Lender hereto pursuant to
an Assignment Agreement or
a Joinder Agreement.

“Lender Counterparty”
means a Lender (or an Affiliate thereof) or Agent (or an Affiliate thereof)
that is a counterparty to a Hedge Agreement (including any Person who was a
Lender (or an Affiliate of a Lender) or Agent (or an Affiliate thereof) as of
the date such Person entered into a Hedge Agreement but subsequently ceased to
be a Lender or Agent), including each such Affiliate that enters into a joinder
agreement with Administrative Agent.

“Letter of Credit” means a
standby letter of credit issued or to be issued by Issuing Bank pursuant to
this Agreement.

“Letter-of-Credit Sublimit”
means, as at any date of determination, the lesser of (i) $30,000,000, and (ii)
the aggregate unused amount of the Revolving Commitments then in effect.

“Letter-of-Credit Usage”
means, as at any date of determination, the sum of (i) the maximum aggregate
amount that is, or at any time thereafter may become, available for drawing
under all Letters of Credit then outstanding, and (ii) the aggregate amount of
all drawings under 

 20
 

 

Letters of Credit honored by Issuing Bank and not
theretofore reimbursed by or on behalf of Borrower.

“Lien” means (i) any lien,
mortgage, pledge, assignment, hypothecation, claim, restriction, security
interest, fixed or floating charge, or encumbrance of any kind (including any agreement
to give any of the foregoing, any conditional sale or other title retention
agreement, and any lease in the nature thereof) and any option, trust or other
preferential arrangement having the practical effect of any of the foregoing,
and (ii) in the case of Securities, any purchase option, call or similar right
of a third party with respect to such Securities.

“Line of Business” as
defined in Section 6.15.

“Loan” means a Term Loan,
a Revolving Loan or a Swingline Loan.

“Loan Document” means any
of this Agreement, the Notes, if any, the Security Documents, any documents or
certificates executed by Borrower in favor of Issuing Bank relating to Letters
of Credit, and all other documents, instruments or agreements executed and
delivered by a Loan Party or by Holdings for the benefit of any Agent, Issuing
Bank or any Lender in connection herewith.

“Loan Party” means
Borrower, each Guarantor and each other Subsidiary of Borrower that is a party
to a Loan Document.

“Margin Stock” as defined
in Regulation U of the Board of Governors of the Federal Reserve System as in
effect from time to time.

“Material Adverse Effect”
means a material adverse change in or affecting (a) the condition (financial or
otherwise), results of operation, assets, liabilities or management of the Loan
Parties, taken as a whole, or that calls into question in any material and
adverse respect the Projections previously supplied to the Lenders, (b) the
validity or enforceability of this Agreement or any of the other Loan
Documents, (c) the validity, enforceability or priority of the Liens purported
to be created by the Security Documents, or (d) 
the rights or remedies of Administrative Agent and the Lenders hereunder
or under any of the other Loan Documents; provided
that, in no event shall an event that results in a material adverse
change that is limited to an individual Mortgage constitute a Material Adverse
Effect for purposes of clauses (b), (c) or (d) of this definition.

“Moody’s” means Moody’s
Investor Services, Inc.

“Mortgage” means an
Existing Mortgage or a New Mortgage.

“Mortgaged Property” means
any Real Estate Asset that is subject to a Mortgage.

“Multiemployer Plan” means
any Plan that is a multiemployer plan as defined in Section 3(37) or 4001(a)(3)
of ERISA.

“NCM” means National CineMedia, LLC.

“NCM
Extraordinary Payments” means Cash payments (or Cash Equivalents) received
by Borrower or any of its Restricted Subsidiaries as distributions, dividends
or payments from NCM or an Unrestricted Subsidiary that directly or indirectly owns
an interest in NCM, or redemptions or repurchases of equity interests of NCM or
such Unrestricted Subsidiary, which distributions,

 21

 

dividends, redemptions, repurchases or payments
constitute a portion of the net proceeds of (i) an NCM Financing Transaction by
NCM or any of its Subsidiaries, (ii) a sale or disposition of assets by NCM or
any of its Subsidiaries, (iii) a sale or disposition of equity interests in NCM
or NCM, Inc. by any Unrestricted Subsidiary, or (iv) payments under contracts
between NCM, Inc., NCM or any of its Subsidiaries, on the one hand, and
Borrower or any of its Restricted Subsidiaries, on the other, representing up
front payments, down payments or other payments or prepayments outside the
ordinary course of business and constituting compensation to Borrower and its
Restricted Subsidiaries for services to be performed or access to be provided
to facilities operated by Borrower and its Restricted Subsidiaries.

“NCM Financing
Transaction” means (i) any capital market transaction, including,
without limitation, any offering, issuance or sale of debt or equity Securities
pursuant to a public offering or pursuant to a private placement with the
intention to sell or distribute such Securities to “Qualified Institutional
Buyers” as defined in Rule 144A adopted under the Securities Act, and (ii) any
other debt financing transaction, including a bank or syndicated loan transaction
or mezzanine or bridge facility (secured or unsecured), in each case relating
to NCM, NCM, Inc., their respective subsidiaries, or parent entities of NCM or
NCM, Inc. that are not Restricted Subsidiaries.

“NCM, Inc.”
means National CineMedia, Inc.

“Net Cash Proceeds”
means (a) in connection with any Asset Sale or any Recovery Event, the proceeds
thereof in the form of Cash and cash equivalents (including any such proceeds
received by way of deferred payment of principal pursuant to a note or
installment receivable or purchase price adjustment receivable or otherwise,
but only as and when the benefit is received) of such Asset Sale or Recovery
Event, net of reasonable and customary attorneys’ fees, accountants’ fees, and
investment banking fees, amounts required to be applied (and that are so
applied) to the repayment of Indebtedness secured by a Lien expressly permitted
hereunder on any asset that is the subject of such Asset Sale or Recovery Event
(other than any Lien pursuant to a Security Document), amounts arising from the
sale of UA Subsidiaries (other than Capital Stock of a UA First-Tier
Subsidiary) or assets of UA Subsidiaries required or permitted to be applied
(and that are so applied) to the repayment of obligations under the UA
Pass-Through Trust Documents, and
other reasonable and customary fees and expenses, in each case, to the extent
actually incurred in connection therewith and net of taxes paid or reasonably
estimated to be payable as a result thereof (after taking into account any
available tax credits or deductions and any tax sharing arrangements); and (b)
in connection with any capital contribution or any issuance or sale of Capital
Stock or debt securities or instruments or the incurrence of loans, the cash
proceeds received from such capital contribution, issuance or incurrence, net
of reasonable and customary attorneys’ fees, investment banking fees,
accountants’ fees, underwriting discounts and commissions and other reasonable
and customary fees and expenses, in each case, to the extent actually incurred
in connection therewith (it being understood that cash and cash equivalents of
operating companies whose Capital Stock is contributed to Borrower as an equity
contribution will not constitute Net Cash Proceeds).

“New Mortgage”
means a mortgage, deed of trust or deed to secure debt, as applicable,
substantially in the form of Exhibit I-1 or otherwise in form and
substance reasonably acceptable to Administrative Agent, granted on or after
the Closing Date in favor of Administrative Agent as security for the
Obligations, as it may be amended, supplemented or otherwise modified from time
to time.

 22
 

 

“New Term Loan”
means a loan made by a Lender to Borrower pursuant to Section 2.1(c).

“New Term Loan
Commitments” as defined in Section 2.1(c)(i).

“New Term Loan
Lender” as defined in Section 2.1(c)(i).

“Nonconsenting
Lender” as defined in Section 2.21.

“Non-Recourse Debt”
means Indebtedness (i) as to which neither Borrower nor any of its Restricted
Subsidiaries (a) provides credit support of any kind (including any
undertaking, agreement or instrument that would constitute Indebtedness), (b)
is directly or indirectly liable (as a guarantor or otherwise), or (c)
constitutes the lender; (ii) no default with respect to which (including any
rights that the holders thereof may have to take enforcement action against any
Unrestricted Subsidiary) would permit (upon notice, lapse of time or both) any
holder of any other Indebtedness (other than the Obligations) of Borrower or
any of its Restricted Subsidiaries to declare a default on such other
Indebtedness or cause the payment thereof to be accelerated or payable prior to
its stated maturity; and (iii) as to which the lenders thereunder will not have
any recourse to the Capital Stock or assets of Borrower or any of its
Restricted Subsidiaries.

“Non-US Lender”
as defined in Section 2.20(e).

“Note”
means a Term Loan Note, a Revolving Loan Note or a Swingline Note.

“Notice”
means a Funding Notice, an Issuance Notice, or a Conversion/Continuation
Notice.

“Obligations”
means all obligations of every nature of each Loan Party and of Holdings,
including the Guarantied Obligations, from time to time owed to each Agent
(including any former Agent), Lender, Lender Counterparty, or any of them,
under any Loan Document or Hedge Agreement (including with respect to a Hedge
Agreement, obligations owed thereunder to any person who was a Lender or Agent
or an Affiliate of a Lender or Agent at the time such Hedge Agreement was
entered into), whether for principal, interest (including interest that, but
for the filing of a petition in bankruptcy with respect to such Loan Party or
Holdings, would have accrued on any Obligation, whether or not a claim is
allowed against such Loan Party or Holdings for such interest in the related
bankruptcy proceeding), Reimbursement Obligations, payments for early
termination of Hedge Agreements, fees, expenses, indemnifications or otherwise.

“Organizational
Documents” means (i) with respect to any corporation, its
certificate or articles of incorporation or organization, as amended, and its
bylaws, as amended, (ii) with respect to any limited partnership, its
certificate or articles of limited partnership, as amended, and its partnership
agreement, as amended, (iii) with respect to any general partnership, its
partnership agreement, as amended, and (iv) with respect to any limited
liability company, its certificate or articles of organization, as amended, and
its operating agreement, as amended.  In
the event any term or condition of this Agreement or any other Loan Document
requires any Organizational Document to be certified by a secretary of state or
similar governmental official, the reference to any such “Organizational
Document” shall only be to a document of a type customarily certified by such
governmental official.

“Original Credit
Agreement” as defined in the preamble hereto.

 23
 

 

“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, the Loan Documents.

“Parent”
means Regal Entertainment Group, a Delaware corporation.

“Parent Entity”
means a Person that, directly or indirectly, holds 80% or more of Borrower’s
Capital Stock (excluding any debt security that is convertible into or
exchangeable for Capital Stock) that at the time is entitled to vote in the
election of, as applicable, directors, members or partners generally.

“Patriot Act”
means the Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001,
Title III of Pub. L. 107-56, signed into law October 26, 2001.

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

“Pension Plan”
means any Employee Benefit Plan, other than a Multiemployer Plan, which is
subject to Section 412 of the Code or Section 302 of ERISA.

“Permits”
means the collective reference to (i) Environmental Permits, and (ii) any and
all other franchises, licenses, leases, permits, approvals, notifications,
certifications, registrations, authorizations, exemptions, qualifications,
easements, rights of way, Liens and other rights, privileges and approvals
required under any Requirement of Law.

“Permitted
Acquisition” as defined in Section 6.8(f).

“Permitted Investors”
means, collectively, the Sponsors and their respective Control Affiliates.

“Permitted Liens”
means each of the Liens permitted pursuant to Section 6.3.

“Permitted Secured
Indebtedness” as defined in Section 6.2(f).

“Permitted Secured
Refinancing” as defined in Section 6.2(j).

“Permitted Senior
Refinancing” as defined in Section 6.2(l).

“Permitted
Subordinated Indebtedness” as defined in Section 6.2(i).

“Permitted
Subordinated Refinancing” as defined in Section 6.2(k).

“Person”
means and includes natural persons, corporations, limited partnerships, general
partnerships, limited liability companies, limited liability partnerships,
joint stock companies, Joint Ventures, associations, companies, trusts, banks,
trust companies, land trusts, business trusts or other organizations, whether
or not legal entities, and Governmental Authorities.

“Plan”
means, at a particular time, any employee benefit plan that is covered by ERISA
and that Borrower or any Commonly-Controlled Entity maintains, administers,
contributes to or is required to contribute to or under which Borrower or any
Commonly-Controlled Entity could incur any liability.

 24
 

 

“Pledged Equity
Interests” as defined
in the Guaranty and Collateral Agreement.

“Preferred Stock”
means any Capital Stock of any class or classes of a Person which is preferred
as to payments of dividends, or as to distributions upon any liquidation or
dissolution, over Capital Stock of any other class of such Person.

“Prime Rate”
means the rate of interest per annum announced from time to time by CS as its
prime commercial lending rate in effect at its principal office in New York
City.  The Prime Rate is a reference rate
and does not necessarily represent the lowest or best rate actually charged to
any customer.  CS or any other Lender may
make commercial loans or other loans at rates of interest at, above or below
the Prime Rate.

“Principal Office”
means, for each of Administrative Agent, Swingline Lender and Issuing Bank,
such Person’s “Principal Office” as set forth on Appendix B, or such
other office as such Person may from time to time designate in writing to
Borrower, Administrative Agent and each Lender.

“Projections”
as defined in Section 5.2(c).

“Property”
means any right or interest in or to property of any kind whatsoever, whether
real, personal or mixed and whether tangible or intangible, including Capital
Stock.

“Pro Rata Share”
means (i) with respect to all payments, computations and other matters relating
to the Term Loan of any Lender, the percentage obtained by dividing (a) the
Term Loan Exposure of that Lender, by (b) the aggregate Term Loan Exposure of
all Lenders; (ii) with respect to all payments, computations and other matters
relating to the Revolving Commitment or Revolving Loans of any Lender or any
Letters of Credit issued or participations purchased therein by any Lender or
any participations in any Swingline Loans purchased by any Lender, the
percentage obtained by dividing (a) the Revolving Loan Exposure of that Lender,
by (b) the aggregate Revolving Loan Exposure of all Lenders; and (iii) for all
other purposes with respect to each Lender, the percentage obtained by dividing
(a) an amount equal to the sum of the Term Loan Exposure and the Revolving Loan
Exposure of that Lender, by (b) an amount equal to the sum of the aggregate
Term Loan Exposure and the aggregate Revolving Loan Exposure of all Lenders.

“Purchase Money
Indebtedness” means, with respect to any Person, any Indebtedness of
such Person to any seller or other Person incurred to finance the acquisition,
construction, installation or improvement of any real or personal tangible
property that is incurred concurrently with or within 60 days following such
acquisition, construction, installation or improvement.

“Real Estate Asset”
means, at any time of determination, any interest (fee, leasehold or otherwise)
then owned by any of Borrower or its Restricted Subsidiaries in any real
property.

“Recovery Event”
means any cash settlement of or payment in excess of $5,000,000 in respect of
any property or casualty insurance or any condemnation proceeding relating to
any asset of any of Borrower or its Restricted Subsidiaries.

“Refunded Swingline
Loans” as defined in Section 2.3(b)(iv).

“Register”
as defined in Section 2.7(b).

 25
 

 

“Regulation D”
means Regulation D of the Board of Governors of the Federal Reserve System, as
in effect from time to time.

“Regulation T”
means Regulation T of the Board of Governors of the Federal Reserve System, as
in effect from time to time.

“Regulation U”
means Regulation U of the Board of Governors of the Federal Reserve System, as
in effect from time to time.

“Regulation X”
means Regulation X of the Board of Governors of the Federal Reserve System, as
in effect from time to time.

“Reimbursement Date”
as defined in Section 2.4(d).

“Reimbursement
Obligation” means the Obligation of Borrower to reimburse the
Issuing Bank pursuant to Section 2.4(d) for amounts drawn under Letters
of Credit.

“Reinvestment
Deferred Amount” means, with respect to any Reinvestment Event, the
aggregate Net Cash Proceeds that (i) are received by Borrower or any of its
Restricted Subsidiaries in connection therewith, and (ii) are not applied to
prepay the Term Loans pursuant to Section 2.14(a) as a result of the
delivery of a Reinvestment Notice.

“Reinvestment Event”
means any Asset Sale or Recovery Event in respect of which Borrower has
delivered a Reinvestment Notice.

“Reinvestment Notice”
means a written notice executed by an Authorized Officer of Borrower stating
that no Default or Event of Default has occurred and is continuing and that
Borrower (directly or indirectly through a Wholly-Owned Subsidiary that is a
Restricted Subsidiary to the extent otherwise permitted hereunder) intends and
expects to use all or a specified portion of the Net Cash Proceeds of an Asset
Sale or Recovery Event to acquire long-term productive assets of the general
type used in the business of Borrower and its Restricted Subsidiaries.

“Reinvestment
Prepayment Amount” means, with respect to any Reinvestment Event,
the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment
Prepayment Date to acquire long-term productive assets of the general type used
in the business of Borrower and its Restricted Subsidiaries.

“Reinvestment
Prepayment Date” means, with respect to any Reinvestment Event, the
earlier of (a) the date occurring 364 days after such Reinvestment Event, and
(b) the date on which Borrower shall have determined not to, or shall have
otherwise ceased to, acquire long-term productive assets of the general type
used in the business of Borrower and its Restricted Subsidiaries with all or
any portion of the relevant Reinvestment Deferred Amount.

“Related Fund”
means, with respect to any Lender that is a fund engaged in making, purchasing,
holding or otherwise investing in commercial loans and similar extensions of
credit in the ordinary course, any other fund so engaged that is managed or
advised by the same investment advisor as such Lender or by an Affiliate of
such investment advisor.

“Related Lender
Assignment” has the meaning assigned to that term in Section
9.6(c).

 26
 

 

“Release”
means any release, spill, emission, leaking, pumping, pouring, injection,
escaping, deposit, disposal, discharge, dispersal, dumping, leaching or
migration of any Hazardous Material into the indoor or outdoor environment
(including the abandonment or disposal of any barrels, containers or other
closed receptacles containing any Hazardous Material), including the movement
of any Hazardous Material through the air, soil, surface water or groundwater.

“Reorganization”
means, with respect to any Multiemployer Plan, the condition that such plan is
in reorganization within the meaning of Section 4241 of ERISA.

“Replacement Lender”
as defined in Section 2.21.

“Reportable Event”
means any of the events set forth in Section 4043(c) of ERISA, other than those
events as to which the thirty day notice period is waived under subsection .27,
..28, .29, .30, .31, .32, .34 or .35 of PBGC Reg. Section 4043.

“Requirement of Law”
means, as to any Person, such Person’s obligations in respect of its
Organizational Documents, the common law, or any law, treaty, rule or
regulation, judgment, decree or determination of an arbitrator or a court or
other Governmental Authority, in each case applicable to or binding on such
Person or any of its Property or to which such Person or any of its Property is
subject.

“Requisite Class
Lenders” means, at any time of determination, (i) for the Class of
Lenders having Term Loan Exposure, Lenders holding more than 50% of the
aggregate Term Loan Exposure of all Lenders, and (ii) for the Class of Lenders
having Revolving Loan Exposure, Lenders holding more than 50% of the aggregate
Revolving Loan Exposure of all Lenders.

“Requisite Lenders”
means one or more Lenders having or holding Term Loan Exposure or Revolving
Loan Exposure and representing more than 50% of the sum of the aggregate Term
Loan Exposure and the aggregate Revolving Loan Exposure of all Lenders.

“Restated Credit
Agreement” as defined in the preamble hereto.

“Restricted Payment”
as defined in Section 6.6.

“Restricted
Subsidiary” of a Person means any Subsidiary of such Person that is
not an Unrestricted Subsidiary.  Unless
otherwise indicated, references herein to a Restricted Subsidiary shall mean a
Restricted Subsidiary of Borrower.

“Revolving
Commitment” means the commitment of a Lender to make or otherwise
fund any Revolving Loan and to acquire participations in Letters of Credit and
Swingline Loans hereunder.  The amount of
each Lender’s Revolving Commitment, if any, is set forth on Appendix A-2
or in the applicable Assignment Agreement, subject to any adjustment or
reduction pursuant to the terms and conditions hereof.  The aggregate amount of all the Revolving
Commitments as of the Closing Date is $100,000,000.

“Revolving
Commitment Period” means the period from the Closing Date, to but
excluding the Revolving Commitment Termination Date.

“Revolving
Commitment Termination Date” means the earliest to occur of (i)
October 27, 2011, (ii) the date the Revolving Commitments are permanently
reduced to zero pursuant to

 27
 

 

Section 2.13(b), and (iii) the date
of the termination of the Revolving Commitments pursuant to Section 7.1.

“Revolving Lender”
means a Lender that has a Revolving Commitment.

“Revolving Loan
Exposure” means, with respect to any Lender as of any date of
determination, (i) prior to the termination of Revolving Commitments, that
Lender’s Revolving Commitment; and (ii) after the termination of the Revolving
Commitments, without duplication, the sum of (a) the aggregate outstanding
principal amount of Revolving Loans of such Lender, (b) in the case of Issuing
Bank, the aggregate Letter-of-Credit Usage (net of any participations therein
by the other Lenders), (c) the aggregate amount of all participations by such
Lender in any outstanding Letters of Credit or any unreimbursed drawing under
any Letter of Credit, (d) in the case of Swingline Lender, the aggregate
outstanding principal amount of all Swingline Loans (net of any participations
therein by the other Lenders), and (e) the aggregate amount of all
participations by such Lender in any outstanding Swingline Loans.

“Revolving Loan”
means a loan made by a Lender to Borrower pursuant to Section 2.2.

“Revolving Loan Note”
means a promissory note in the form of Exhibit B-2, as it may be
amended, supplemented or otherwise modified from time to time.

“S&P”
means Standard & Poor’s Ratings Group, a division of The McGraw Hill
Corporation.

“SEC”
means the Securities and Exchange Commission.

“Second Restated
Credit Agreement” as defined in the preamble hereto.

“Secured Parties”
as defined in the Guaranty and Collateral Agreement.

“Securities”
means any stock, shares, partnership interests, voting trust certificates,
certificates of interest or participation in any profit sharing agreement or
arrangement, options, warrants, bonds, debentures, notes, or other evidences of
indebtedness, secured or unsecured, convertible, subordinated or otherwise, or
in general any instruments commonly known as “securities” or any certificates
of interest, shares or participations in temporary or interim certificates for
the purchase or acquisition of, or any right to subscribe to, purchase or
acquire, any of the foregoing.

“Securities Act”
means the Securities Act of 1933, as amended.

“Security Documents”
means the Guaranty and Collateral Agreement, the Guaranty and Pledge Agreement,
the Intellectual Property Security Agreement, the Control Agreements (if any),
the Mortgages and all other instruments, documents and agreements delivered by
any Loan Party or Holdings pursuant to this Agreement or any of the other Loan
Documents in order to grant to Administrative Agent, for the benefit of Secured
Parties, a Lien on any Real Estate Asset or any other Property of such Loan
Party or Holdings as security for the Obligations.

“Series”
as defined in Section 2.1(c)(i).

“Single-Employer
Plan” means any Plan that is covered by Title IV of ERISA, but that
is not a Multiemployer Plan.

 28
 

 

“Solvency
Certificate” means a certificate of the chief financial officer of
Borrower substantially in the form of Exhibit G-2.

“Solvent”
means, with respect to any Person, that as of the date of determination, both
(i) (a) the sum of such Person’s liabilities (including contingent liabilities)
does not exceed the present fair saleable value of such Person’s present
assets; (b) such Person’s capital is not unreasonably small in relation to its
business or with respect to any contemplated or undertaken transaction; and (c)
such Person has not incurred and does not intend to incur, or believe (nor
should it reasonably believe) that it will incur, debts beyond its ability to
pay such debts as they become due (whether at maturity or otherwise); and (ii)
such Person is “solvent” within the meaning given that term and similar terms
under applicable laws relating to fraudulent transfers and conveyances.  For purposes of this definition, the amount
of any contingent liability at any time shall be computed as the amount that,
in light of all of the facts and circumstances existing at such time,
represents the amount that can reasonably be expected to become an actual or
matured liability (irrespective of whether such contingent liabilities meet the
criteria for accrual under Statement of Financial Accounting Standard No. 5).

“Specified Change of
Control” means a “Change of Control” as defined in, or any similar
term in, any other document relating to Indebtedness in an aggregate
outstanding principal amount in excess of $25,000,000 permitted under Section
6.2(i), 6.2(k) or 6.2(l).

“Sponsors”
means, collectively, Oaktree Capital Management, LLC and Anschutz Company.

“Subordinated Debt”
means, at any date, the aggregate principal amount of all Funded Debt of
Borrower and its Restricted Subsidiaries at such date that is incurred, assumed
or permitted to exist pursuant to Section 6.2(i) or 6.2(k),
determined on a consolidated basis in accordance with GAAP.

“Subsidiary”
means, with respect to any Person, any corporation, partnership, limited
liability company, association, joint venture or other business entity of which
more than 50% of the total voting power of shares of stock or other ownership
interests entitled (without regard to the occurrence of any contingency) to
vote in the election of the Person or Persons (whether directors, managers,
trustees or other Persons performing similar functions) having the power to
direct or cause the direction of the management and policies thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more
of the other Subsidiaries of that Person or a combination thereof; provided that, in determining the percentage of ownership interests of any
Person controlled by another Person, no ownership interest in the nature of a
“qualifying share” of the former Person shall be deemed to be outstanding.  Unless otherwise indicated, references to a
Subsidiary shall mean a Subsidiary of Borrower.

“Subsidiary
Guarantor” means any Guarantor that is a Subsidiary of Borrower.

“Swingline Lender”
means CS, in its capacity as Swingline Lender hereunder, together with its
permitted successors and assigns in such capacity.

“Swingline Loan”
means a loan made by Swingline Lender to Borrower pursuant to Section 2.3.

“Swingline Note”
means a promissory note in the form of Exhibit B-3, as it may be
amended, supplemented or otherwise modified from time to time.

 29
 

 

“Swingline Sublimit”
means the lesser of (i) $10,000,000, and (ii) the aggregate unused amount of
Revolving Commitments then in effect.

“Synthetic Lease
Obligations” means all monetary obligations of a Person under (a) a
so-called synthetic, off-balance-sheet or tax-retention lease, or (b) an
agreement for the use or possession of property creating obligations that do
not appear on the balance sheet of such Person but that, upon the insolvency or
bankruptcy of such Person, would be characterized as Indebtedness of such
Person (without regard to accounting treatment).

“Tax”
means any present or future tax, levy, impost, duty, assessment, charge, fee,
deduction or withholding of any nature and whatever called, by whomsoever, on
whomsoever and wherever imposed, levied, collected, withheld or assessed; provided that, “Tax on the overall net income”
of a Person shall be construed as a reference to a tax imposed by the
jurisdiction in which that Person is organized or in which that Person’s
applicable principal office (or, in the case of a Lender, its lending office)
is located or in which that Person (or, in the case of a Lender, its lending
office) is deemed to be doing business on all or part of the net income,
profits or gains (whether worldwide, or only insofar as such income, profits or
gains are considered to arise in or to relate to a particular jurisdiction, or
otherwise) of that Person (or, in the case of a Lender, its applicable lending
office).

“Tax Payment”
as defined in Section 6.6(f).

“Terminated Lender”
as defined in Section 2.21.

“Term Loan”
means a loan made by a Lender to Borrower pursuant to Section 2.1.

“Term Loan
Commitment” means the commitment of a Lender to make or otherwise
fund a Term Loan.

“Term Loan Exposure”
means, with respect to any Lender, as of any date of determination, the
outstanding principal amount of the Term Loans of such Lender, plus, to the extent any Term Loan Lender
has outstanding Term Loan Commitments prior to funding such New Term Loan
Lender’s New Term Loans, for purposes of calculating Requisite Lenders and
Requisite Class Lenders, such outstanding New Term Loan Commitments of such
Lender.

“Term Loan Maturity
Date” means the earlier of (i) October 27, 2013, and (ii) the date
on which all Term Loans shall become due and payable in full hereunder, whether
by acceleration or otherwise.

“Term Loan Note”
means a promissory note in the form of Exhibit B-1, as it may be
amended, supplemented or otherwise modified from time to time.

“Third Restated
Credit Agreement” as defined in the preamble hereto.

“Total Utilization
of Revolving Commitments” means, as at any date of determination,
the sum of (i) the aggregate principal amount of all outstanding Revolving
Loans (other than Revolving Loans made for the purpose of repaying any Refunded
Swingline Loans or reimbursing Issuing Bank for any amount drawn under any Letter
of Credit, but not yet so applied), (ii) the aggregate principal amount of all
outstanding Swingline Loans, and (iii) the Letter-of-Credit Usage.

 30
 

 

“Transaction Costs”
means the fees, costs and expenses payable by Borrower or any of its
Subsidiaries in connection with the Closing Date Transactions.

“Type”
means, in reference to Loans, whether such Loan is a Base Rate Loan or a
Eurodollar Rate Loan, it being understood that with respect to Swingline Loans,
only Base Rate Loans are possible hereunder.

“UA First-Tier
Subsidiary” means, as of any date of determination, a UA Subsidiary
in which Borrower or any Guarantor (or any combination thereof) directly owns
more than 50% of the Capital Stock of such UA Subsidiary.

“UA Subsidiaries”
means United Artists Theatre Circuit, Inc., a Maryland corporation, and its
Subsidiaries.

“UA Pass-Through
Certificates” means the Pass Through Certificates issued pursuant to
the UA Pass-Through Trust Agreement, dated as of December 13, 1995, between
United Artists Theatre Circuit, Inc., as Tenant, and Fleet National Bank of
Connecticut, as Pass-Through Trustee.

“UA Pass-Through
Certificates Restriction” means restrictions under the UA
Pass-Through Trust Documents that prohibit the UA Subsidiaries from entering
into the Guaranty and Collateral Agreement.

“UA Pass-Through
Participation Agreement” means the Participation Agreement, dated as
of December 13, 1995, between United Artists Theatre Circuit, Inc., as Tenant,
Wilmington Trust Company, as the Corporate Owner Trustee and the Corporate
Remainderman Trustee, William J. Wade, as the Individual Owner Trustee and the
Individual Remainderman Trustee, Theatre Investors, Inc., as the Owner
Participant, Northway Mall Associates LLC, as the Remainderman Participant,
Alan B. Coffey as the Individual Indenture Trustee and Fleet National Bank of
Connecticut, as the Corporate Indenture Trustee and the Pass Through Trustee.

“UA Pass-Through
Trust Agreement” means the Pass Through Trust Agreement, dated as of
December 13, 1995, between United Artists Theatre Circuit, Inc., as Tenant, and
Fleet National Bank of Connecticut, as Pass Through Trustee.

“UA Pass-Through
Trust Documents” means the UA Pass-Through Certificate, the UA
Pass-Through Participation Agreement, the UA Pass-Through Trust Agreement, and
related agreements and documents entered into in connection with the UA
Pass-Through Trust Certificates.

“UCC”
means the Uniform Commercial Code (or any similar or equivalent legislation) as
in effect in any applicable jurisdiction.

“Unadjusted
Eurodollar Rate Component” means that component of the interest
costs to Borrower in respect of a Eurodollar Rate Loan that is based on the
rate obtained pursuant to clause (i) of the definition of Adjusted Eurodollar
Rate.

“Unrestricted
Subsidiary” means any Subsidiary that does not directly, indirectly,
or beneficially own, hold or lease any Capital Stock of, Subordinated Debt of,
or own, or hold any Lien on, any Property of, Borrower or any of its Restricted
Subsidiaries (or any direct holding company parent of Borrower) and that, at
the time of determination, shall be an Unrestricted Subsidiary

 31
 

 

(as designated by the board of directors of Borrower
and of which Administrative Agent is notified); provided that, such Subsidiary at the time of such designation
(a) has no Indebtedness other than Non-Recourse Debt permitted hereunder; (b)
is not a party to any agreement, contract, arrangement or understanding with
Borrower or any of its Subsidiaries unless the terms of any such agreement,
contract, arrangement or understanding are no less favorable to Borrower or
such Subsidiary, as the case may be, than those that might be obtained at the
time from Persons who are not Affiliates of Borrower; (c) is a Person as to
which none of Borrower or any of its Restricted Subsidiaries has any direct or
indirect obligation (x) to subscribe for additional Capital Stock or (y) to
maintain or preserve such Person’s financial condition or to cause such Person
to achieve any specified level of operating results; and (d) has not guaranteed
or otherwise directly or indirectly provided credit support for any
Indebtedness of Borrower or any of its Restricted Subsidiaries.  The board of directors of Borrower may
designate any Unrestricted Subsidiary (including any affiliate that becomes an
Unrestricted Subsidiary after the Closing Date) to be a Restricted Subsidiary; provided that, no Default or Event of
Default is existing or will occur as a consequence thereof.  If at any time any Unrestricted Subsidiary
would fail to meet the foregoing requirements as an Unrestricted Subsidiary (or
is redesignated by the board of directors of Borrower as a Restricted
Subsidiary), it shall thereafter cease to be an Unrestricted Subsidiary for
purposes of this Agreement (and shall be a Restricted Subsidiary), any
Indebtedness of such Subsidiary shall be deemed to be incurred by a Restricted
Subsidiary as of such date and any Investments in such Subsidiary shall be
deemed to be Investments in a Restricted Subsidiary as of such date (and, if
such Indebtedness or Investments are not permitted to be incurred hereunder
Borrower shall be in default under this Agreement).  Restricted Subsidiaries of Borrower may not
thereafter be designated as Unrestricted Subsidiaries.  Unrestricted Subsidiaries as of the Closing
Date are listed on Schedule 1.1A.

“Weighted-Average
Life to Maturity” means, as of the date of determination, with
respect to any Indebtedness, the quotient obtained by dividing (i) the sum of
the products of the number of years from the date of determination to the dates
of each successive scheduled principal payment of such Indebtedness multiplied
by the amount of such payment, by (ii) the sum of all such payments.

“Wholly-Owned
Subsidiary” means, as to any Person, all of the Capital Stock of
which (other than directors’ qualifying shares required by law) is owned by
another Person directly and/or through other Wholly-Owned Subsidiaries of such
other Person.

“Wholly-Owned
Subsidiary Guarantor” means any Guarantor that is a Wholly-Owned
Subsidiary of Borrower.

1.2          Accounting Terms.  Except as otherwise expressly provided
herein, all accounting terms not otherwise defined herein shall have the
meanings assigned to them in conformity with GAAP.  Financial statements and other information
required to be delivered by Borrower to Lenders pursuant to Sections 5.1(a),
5.1(b) and 5.1(c) shall be prepared in accordance with GAAP as in
effect at the time of such preparation. 
Notwithstanding the foregoing, calculations in connection with the
definitions, covenants and other provisions hereof shall utilize accounting
principles and policies in conformity with those used to prepare the Historical
Financial Statements.

1.3          Interpretation, Etc. 
Any of the terms defined herein may, unless the context otherwise
requires, be used in the singular or the plural, depending on the
reference.  The words “hereof,” “herein,”
“hereto” and “hereunder” and words of similar import shall refer to this
Agreement as a whole and not to any particular provision of this
Agreement.  References herein to any
Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a
Schedule or

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an Exhibit, as the case may be, hereof
unless otherwise specifically provided. 
The use herein of the word “include” or “including,” when following any
general statement, term or matter, shall not be construed to limit such
statement, term or matter to the specific items or matters set forth
immediately following such word or to similar items or matters, whether or not
no limiting language (such as “without limitation” or “but not limited to” or
words of similar import) is used with reference thereto, but rather shall be
deemed to refer to all other items or matters that fall within the broadest
possible scope of such general statement, term or matter.  Unless otherwise indicated, references to
contracts or agreements shall mean such contracts or agreements as amended,
restated, supplemented or otherwise modified from time to time.

1.4          Relationship with Fourth Restated
Credit Agreement.

(a)           As stated in the preamble hereof,
this Agreement is intended to amend and restate the provisions of the Fourth
Restated Credit Agreement, and except as expressly modified herein, the
outstanding obligations under the Fourth Restated Credit Agreement shall
continue to be paid or prepaid on or prior to the Closing Date, and shall from
and after the Closing Date continue to be owing and be subject to the terms of
this Agreement.  Upon the Closing Date,
all references in the Notes and the other Loan Documents (including all
Exhibits thereto)  that are not being
amended and restated concurrently herewith to (i) the “Credit Agreement” shall
be deemed to include references to this Agreement, (ii) the “Lenders” or a
“Lender” or “Administrative Agent” shall mean such terms as defined in this
Agreement, and (iii) (x) “Credit Suisse First Boston”, in its capacity as
Administrative Agent, shall mean “Credit Suisse, Cayman Islands Branch”, in its
capacity as Administrative Agent, and (y) “Credit Suisse First Boston” in its
capacity as sole lead arranger and sole book runner shall mean “Credit Suisse
Securities (USA) LLC”, in its capacity as sole lead arranger and sole book
runner.  As to all periods occurring on
or after the Closing Date, all of the covenants set forth in the Fourth
Restated Credit Agreement shall be of no further force or effect (with respect
to such periods), it being understood that all obligations of Borrower under
the Fourth Restated Credit Agreement shall be governed by this Agreement from
and after the Closing Date; provided
that as provided in clause (d) below, except as otherwise set forth herein, the
amounts and basket sizes governed by or referred to in definitions and
covenants contained herein shall be calculated by references to utilization of
such amounts and baskets from and after the Fourth Restated Credit Agreement
Closing Date.

(b)           Notwithstanding anything to the
contrary in Section 1.4(a), Borrower, Agents and the Lenders acknowledge
and agree that all principal, interest, fees, costs, reimbursable expenses and
indemnification obligations accruing or arising under or in connection with the
Fourth Restated Credit Agreement that remain unpaid and outstanding after the
consummation of the transactions contemplated by Sections 2.1(a) and 2.2(c)
on the Closing Date shall be and remain outstanding and payable as an
Obligation under this Agreement and the other Loan Documents.

(c)           All calculations of Consolidated
EBITDA, Consolidated Net Income and Consolidated Excess Cash Flow for periods
ended on or prior to the end of the Third Fiscal Quarter of 2006, shall be
calculated based on the definitions set forth in the Fourth Restated Credit
Agreement.

(d)           For all purposes of this Agreement,
covenants (or definitions) which permit or measure a specific amount or basket
of certain types of Indebtedness, Liens, Investments, Restricted Payments,
Permitted Acquisitions, Dispositions, Capital Expenditures or other types of
activities, expenditures or actions shall, unless otherwise specified, be
determined by reference to such amounts of Indebtedness, Liens, Investments,
Restricted Payments, Permitted

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Acquisitions, Dispositions, Capital Expenditures or
other types of activities, expenditures or actions taken, made or incurred,
from the Fourth Restated Credit Agreement Closing Date (or such other
applicable measurement date or period as may be specified), and not from the
Closing Date.

(e)           All Exhibits and Schedules to the
Fourth Restated Credit Agreement shall be replaced in their entirety by the
Schedules attached to this Agreement.

1.5          Confirmation/Ratification of Term
Loans.  Borrower hereby
agrees that, as of the Closing Date, it is fully and truly indebted to the
Lenders for the full amount of the Term Loans stated herein.  Furthermore, without limiting any of the
other provisions of this Agreement, Borrower agrees that (i) the Existing Term
Loans, upon their continuation as Term Loans pursuant to Section 2.1(a),
shall be subject to and shall benefit from all of the provisions of this
Agreement and the other Loan Documents applicable to the Term Loans, (ii) the
Lenders who continued their Existing Term Loans as Term Loans pursuant to Section
2.1(a) shall constitute “Lenders” hereunder and under the other Loan
Documents, and (iii) the unpaid principal of and interest on the Existing Term
Loans that have been continued as Term Loans in accordance with Section
2.1(a) shall constitute “Obligations” hereunder and under the other Loan
Documents.

1.6          Confirmation/Ratification of Revolving
Loans.  Borrower hereby
agrees that, as of the Closing Date, it is fully and truly indebted to the
Lenders for the full amount of the Revolving Loans stated herein.  Furthermore, without limiting any of the
other provisions of this Agreement, Borrower agrees that (i) the Existing
Revolving Loans, upon their continuation as Revolving Loans pursuant to Section
2.2(a), shall be subject to and shall benefit from all of the provisions of
this Agreement and the other Loan Documents applicable to the Revolving Loans,
(ii) the Lenders who continued their Existing Revolving Loans as Revolving
Loans and Existing Revolving Exposure as Revolving Exposure pursuant to Section
2.2(a) shall constitute “Lenders” hereunder and under the other Loan
Documents, and (iii) the unpaid principal of and interest on the Existing
Revolving Loans that have been continued as Revolving Loans in accordance with Section
2.2(a) shall constitute “Obligations” hereunder and under the other Loan
Documents.

SECTION
2.         LOANS AND LETTERS OF CREDIT

2.1          Term Loans.

(a)           Continuation of Existing Term
Loans.  Subject to the terms and
conditions hereof, (i) each Lender severally agrees to continue such Lender’s
Existing Term Loans, as more particularly described on Appendix A-1, as
Term Loans on the Closing Date to Borrower in an amount equal to such Lender’s
Existing Term Loans and (ii) each Lender with a Term Loan Commitment identified
on Appendix A-1 severally agrees to make a Term Loan on the Closing Date
to Borrower in an amount equal to such Term Loan Commitment (as set forth
opposite such Lender’s name on Appendix A-1).  Any amount of a Term Loan subsequently repaid
or prepaid may not be reborrowed. 
Subject to Sections 2.13(a) and 2.14, all amounts owed
hereunder with respect to the Term Loans shall be paid in full no later than
the Term Loan Maturity Date, respectively. 
Each Lender’s Term Loan Commitment shall terminate immediately and
without further action on the Closing Date after giving effect to the funding
of such Lender’s Term Loan Commitment on such date.

(b)           Interest Period for Existing Term
Loans; Borrowing Mechanics for Term Loans.

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(i)        The
Interest Period on each Existing Term Loan that is a Eurodollar Rate Loan (an “Existing Eurodollar Rate Loan”) shall
continue from the commencement date of the Interest Period applicable thereto
under the Fourth Restated Credit Agreement immediately prior to the effectiveness
of this Agreement to the day such Interest Period was scheduled to expire
immediately prior to giving effect to this Agreement.  The Interest Period on any Eurodollar Rate
Loan made on the Closing Date shall commence on the Closing Date and expire on
the expiration date of the Interest Period on Existing Eurodollar Rate
Loans.  Interest payable pursuant to Section
2.8(a) on (i) Existing Eurodollar Rate Loans that are continued as
Eurodollar Rate Loans and (ii) Term Loans made on the Closing Date shall be
computed with reference to the same Adjusted Eurodollar Rate used to compute
the interest payable on Existing Eurodollar Rate Loans as in effect under the
Fourth Restated Credit Agreement immediately prior to the effectiveness of this
Agreement.

(ii)       Borrower
shall deliver to Administrative Agent a fully executed Funding Notice no later
than (x) one Business Day prior to the Closing Date for Base Rate Loans, and
(y) three Business Days prior to the Closing Date for Eurodollar Rate Loans.  Promptly upon receipt by Administrative Agent
of such Funding Notice, Administrative Agent shall notify each Lender of the
proposed borrowing.

(iii)      Each
Lender with a Term Loan Commitment as of the Closing Date shall make the amount
of its Term Loan to be advanced on the Closing Date, in a principal amount
equal to its Term Loan Commitment on the Closing Date, available to
Administrative Agent not later than 12:00 p.m. (New York City time) on the
Closing Date, by wire transfer of same day funds in Dollars, at Administrative
Agent’s Principal Office.  Upon
satisfaction or waiver of the conditions precedent specified herein,
Administrative Agent shall make the proceeds of the Term Loans to be advanced
on the Closing Date available to Borrower on the Closing Date by causing an
amount of same day funds in Dollars equal to the proceeds of all such Loans
received by Administrative Agent from Lenders to be credited to the account of
Borrower at Administrative Agent’s Principal Office or to such other account as
may be designated in writing to Administrative Agent by Borrower.  The amount of Term Loan Commitments as of the
Closing Date is $40,400,000.

(c)           New Term Loans.

(i)    Borrower
may up to three times during the
period from and including the Closing Date to and including May 15, 2008, by written notice to
Administrative Agent elect to request the establishment of additional Term Loan
Commitments (the “New Term Loan Commitments”),
by an amount not in excess of $200 million
in the aggregate, pursuant to this Section 2.1(c), and not less than $25
million individually.  Each such notice
shall specify (a) the date (each, an “Increased
Amount Date”) on which Borrower proposes that the New Term Loan
Commitments shall be effective, which shall be a date not less than one
Business Day after the date on which such notice is delivered to Administrative
Agent and (b) the identity of each Lender or other Person that is an Eligible
Assignee (each, a “New Term Loan Lender”)
to whom Borrower proposes any portion of such New Term Loan Commitments be
allocated and the amounts of such allocations; provided
that, any Lender approached to provide all or a portion of the New
Term Loan Commitments may elect or decline, in its sole discretion, to provide
a New Term Loan Commitment.  Such New
Term Loan Commitments shall become effective as of such Increased Amount Date
without further written consent or

 35
 

 

authorization from
Lenders or the Administrative Agent; provided
that, (a) no Default or Event of Default shall exist on such
Increased Amount Date before or after giving effect to such New Term Loan
Commitments; (b) both before and after giving effect to the making of any
Series of New Term Loans, each of the conditions set forth in Section 3.2
shall be satisfied; (c) Borrower and its Subsidiaries shall be in pro forma
compliance with each of the covenants set forth in Sections 5 and 6
after giving effect to such New Term Loan Commitments and New Term Loans; (d)
the New Term Loan Commitments shall be effected pursuant to one or more Joinder
Agreements (each, a “Joinder Agreement”)
(which shall set forth, for such New Term Loan Commitments and the New Term
Loans made pursuant thereto, the Applicable Margin and scheduled amortization
thereof) executed and delivered by Borrower, Lead Arranger, Administrative Agent
and each New Term Loan Lender; and (e) Borrower shall deliver or cause to be
delivered any legal opinions or other documents reasonably requested by
Administrative Agent in connection with any such transaction.  Any New Term Loans funded pursuant to any one
Joinder Agreement shall be designated a separate series (each a “Series”) of New Term Loans for all purposes
of this Agreement.  Upon and after the
effectiveness of New Term Loan Commitments, subject to the satisfaction of the
foregoing terms and conditions and other applicable terms and conditions in
this Agreement and the Joinder Agreement, (a) each New Term Loan Lender of such
Series shall make a New Term Loan to Borrower in an amount equal to its pro rata portion of the New Term Loan
Commitment being funded, and (b) each New Term Loan Lender of any Series shall
become a Lender hereunder with respect to the New Term Loan Commitment of such
Series and the New Term Loans of such Series made pursuant thereto.  Administrative Agent shall notify Lenders promptly
upon receipt of Borrower’s notice of each Increased Amount Date and the amount
of New Term Loan Commitments of such Series. 
Each New Term Loan Commitment with respect to any Series shall terminate
immediately and without further action upon funding of such New Term Loan.  The terms and provisions of the New Term
Loans and New Term Loan Commitments of any Series shall be, except as otherwise
set forth herein or in the Joinder Agreement, identical to Term Loans.  In any event (a) the applicable maturity date
of each Series of New Term Loans shall be no earlier than the Final Maturity
Date, and (b) the Weighted-Average Life to Maturity of all New Term Loans of
any Series shall be no shorter than the Weighted-Average Life to Maturity of
the Terms Loans continued on the Closing Date as Term Loans under this
Agreement.  Notwithstanding anything to
the contrary contained herein, Borrower, Guarantors and Administrative Agent
may execute such amendments and/or amendments and restatements to this
Agreement and the other Loan Documents as may be necessary or advisable to
effectuate the provisions of this subsection 2.1(c)(i), and each Joinder
Agreement may, without the consent of any other Lenders, effect any such
amendments and/or amendments and restatements to this Agreement and the other
Loan Documents as may be necessary or advisable to effectuate the provisions of
this subsection 2.1(c)(i).

(ii)   Borrower
shall deliver to Administrative Agent a fully executed Funding Notice no later
than (x) for New Term Loans that are Base Rate Loans, one Business Day prior to
the requested funding of a New Term Loan, and (y) for New Term Loans that are
Eurodollar Rate Loans, three Business Days prior to the requested funding of a
New Term Loan, it being understood that any such Funding Notice may be
delivered concurrently with notice by Borrower to Administrative Agent
requesting New Term Loan Commitments as provided for in subsection 2.1(c)(i).  Promptly upon receipt by Administrative Agent
of such Funding Notice, Administrative Agent shall notify each Lender with a
New Term Loan Commitment relating to the proposed borrowing.

 36
 

 

(iii)  Each
Lender with a New Term Loan Commitment shall make its New Term Loan, as
provided above, available to Administrative Agent not later than 12:00 p.m.
(New York City time) on the date specified for such funding by Borrower on the
applicable Funding Notice, by wire transfer of same day funds in Dollars, at
Administrative Agent’s Principal Office. 
Upon satisfaction or waiver of the conditions precedent specified
herein, Administrative Agent shall make the proceeds of such New Term Loans
available to Borrower on such date by causing an amount of same day funds in
Dollars equal to the proceeds of all such New Term Loans received by
Administrative Agent from Lenders to be credited to the account of Borrower at
Administrative Agent’s Principal Office or to such other account as may be designated in writing to Administrative
Agent by Borrower.

2.2          Revolving Loans.

(a)           Continuation of Existing Revolving
Exposure.  Subject to the terms and
conditions hereof, each Lender severally agrees to continue all of such
Lender’s Existing Revolving Exposure, as more particularly described on Appendix
A-2, as Revolving Loans and Revolving Commitments under this Agreement on
the Closing Date in an amount equal to such Lender’s Existing Revolving
Exposure.  The amount of each Lender’s
Revolving Commitments on the Closing Date shall equal such Lender’s Revolving
Commitments under the Fourth Restated Credit Agreement immediately prior to the
effectiveness of this Agreement.

(b)           Revolving Commitments.  During the Revolving Commitment Period,
subject to the terms and conditions hereof, each Revolving Lender severally
agrees to make Revolving Loans to Borrower in an aggregate amount up to but not
exceeding such Lender’s Revolving Commitment; provided
that, after giving effect to the making of any Revolving Loans in no
event shall the Total Utilization of Revolving Commitments exceed the Revolving
Commitments then in effect.  Amounts
borrowed pursuant to this Section 2.2(b) may be repaid and reborrowed
during the Revolving Commitment Period. 
Each Revolving Lender’s Revolving Commitment shall expire on the
Revolving Commitment Termination Date and all Revolving Loans and all other amounts
owed hereunder with respect to the Revolving Loans and the Revolving
Commitments shall be paid in full no later than such date.

(c)           Borrowing Mechanics for Revolving
Loans.

(i)        Except
pursuant to Section 2.4(d), Revolving Loans that are Base Rate Loans
shall be made in an aggregate minimum amount of $1,000,000 and integral
multiples of $1,000,000 in excess of that amount, and Revolving Loans that are
Eurodollar Rate Loans shall be in an aggregate minimum amount of $3,000,000 and
integral multiples of $1,000,000 in excess of that amount.

(ii)       Whenever
Borrower desires that Lenders make Revolving Loans, Borrower shall deliver to
Administrative Agent a fully executed and delivered Funding Notice no later
than 10:00 a.m. (New York City time) at least three Business Days in advance of
the proposed Credit Date in the case of a Eurodollar Rate Loan, and at least
one Business Day in advance of the proposed Credit Date in the case of a
Revolving Loan that is a Base Rate Loan. 
Except as otherwise provided herein, a Funding Notice for a Revolving
Loan that is a Eurodollar Rate Loan shall be irrevocable on and after the
related Interest Rate Determination Date, and Borrower shall be bound to make a
borrowing in accordance therewith.

 37
 

 

(iii)      Notice
of receipt of each Funding Notice in respect of Revolving Loans, together with
the amount of each Revolving Lender’s Pro Rata Share thereof, if any, together
with the applicable interest rate, shall be provided by Administrative Agent to
each applicable Revolving Lender by telefacsimile with reasonable promptness,
but (so long as Administrative Agent shall have received such notice by 10:00
a.m. (New York City time)) not later than 2:00 p.m. (New York City time) on the
same day as Administrative Agent’s receipt of such Notice from Borrower.

(iv)      Each
Revolving Lender shall make the amount of its Revolving Loan available to
Administrative Agent not later than 12:00 p.m. (New York City time) on the
applicable Credit Date by wire transfer of same day funds in Dollars, at Administrative
Agent’s Principal Office.  Except as
provided herein, upon satisfaction or waiver of the conditions precedent
specified herein, Administrative Agent shall make the proceeds of such
Revolving Loans available to Borrower on the applicable Credit Date by causing
an amount of same day funds in Dollars equal to the proceeds of all such
Revolving Loans received by Administrative Agent from Lenders to be credited to
the account of Borrower at Administrative Agent’s Principal Office or such
other account as may be designated in writing to Administrative Agent by
Borrower.

2.3          Swingline Loans.

(a)           Swingline Loans Commitments.  During the Revolving Commitment Period,
subject to the terms and conditions hereof, Swingline Lender hereby agrees to
make Swingline Loans to Borrower in the aggregate amount up to but not
exceeding the Swingline Sublimit; provided that,
after giving effect to the making of any Swingline Loan, in no event shall the
Total Utilization of Revolving Commitments exceed the Revolving Commitments
then in effect.  Amounts borrowed
pursuant to this Section 2.3 may be repaid and reborrowed during the
Revolving Commitment Period.  Swingline
Lender’s Revolving Commitment shall expire on the Revolving Commitment
Termination Date and all Swingline Loans and all other amounts owed hereunder
with respect to the Swingline Loans and the Revolving Commitments shall be paid
in full no later than such date.

(b)           Borrowing Mechanics for Swingline
Loans.

(i)        Swingline
Loans shall be made in an aggregate minimum amount of $1,000,000 and integral
multiples of $500,000 in excess of that amount.

(ii)       Whenever
Borrower desires that Swingline Lender make a Swingline Loan, Borrower shall
deliver to Administrative Agent a Funding Notice no later than 12:00 p.m. (New
York City time) on the proposed Credit Date.

(iii)      Swingline
Lender shall make the amount of its Swingline Loan available to Administrative
Agent not later than 2:00 p.m. (New York City time) on the applicable Credit
Date by wire transfer of same day funds in Dollars, at Administrative Agent’s
Principal Office.  Except as provided
herein, upon satisfaction or waiver of the conditions precedent specified
herein, Administrative Agent shall make the proceeds of such Swingline Loans
available to Borrower on the applicable Credit Date by causing an amount of
same day funds in Dollars equal to the proceeds of all such Swingline Loans
received by Administrative Agent from Swingline Lender to be credited to the
account of Borrower at Administrative Agent’s Principal Office, or to such
other account as may be designated in writing to Administrative Agent by
Borrower.

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(iv)      With
respect to any Swingline Loans that have not been voluntarily prepaid by
Borrower pursuant to Section 2.13, Swingline Lender may at any time in its
sole and absolute discretion, deliver to Administrative Agent (with a copy to
Borrower), no later than 11:00 a.m. (New York City time) at least one Business
Day in advance of the proposed Credit Date, a notice (which shall be deemed to
be a Funding Notice given by Borrower) requesting that each Revolving Lender
make Revolving Loans that are Base Rate Loans to Borrower on such Credit Date
in an amount equal to the amount of such Swingline Loans (the “Refunded Swingline Loans”) outstanding on
the date such notice is given that Swingline Lender requests Lenders to
prepay.  Anything contained in this
Agreement to the contrary notwithstanding, (1) the proceeds of such Revolving
Loans made by the Revolving Lenders other than Swingline Lender shall be
immediately delivered by Administrative Agent to Swingline Lender (and not to
Borrower) and applied to repay a corresponding portion of the Refunded
Swingline Loans, and (2) on the day such Revolving Loans are made, Swingline
Lender’s Pro Rata Share of the Refunded Swingline Loans shall be deemed to be
paid with the proceeds of a Revolving Loan made by Swingline Lender to
Borrower, and such portion of the Swingline Loans deemed to be so paid shall no
longer be outstanding as Swingline Loans and shall no longer be due under the
Swingline Note of Swingline Lender but shall instead constitute part of
Swingline Lender’s outstanding Revolving Loans to Borrower and shall be due
under the Revolving Loan Note issued by Borrower to Swingline Lender.  Borrower hereby authorizes Administrative
Agent and Swingline Lender to charge Borrower’s accounts with Administrative
Agent and Swingline Lender (up to the amount available in each such account) in
order to immediately pay Swingline Lender the amount of the Refunded Swingline
Loans to the extent of the proceeds of such Revolving Loans made by Revolving
Lenders, including the Revolving Loans deemed to be made by Swingline Lender,
are not sufficient to repay in full the Refunded Swingline Loans.  If any portion of any such amount paid (or
deemed to be paid) to Swingline Lender should be recovered by or on behalf of
Borrower from Swingline Lender in bankruptcy, by assignment for the benefit of
creditors or otherwise, the loss of the amount so recovered shall be ratably
shared among all Revolving Lenders in the manner contemplated by Section
2.17.

(v)       If for
any reason Revolving Loans are not made pursuant to Section 2.3(b)(iv)
in an amount sufficient to repay any amounts owed to Swingline Lender in
respect of any outstanding Swingline Loans on or before the third Business Day
after demand for payment thereof by Swingline Lender, each Revolving Lender
shall be deemed to, and hereby agrees to, have purchased a participation in
such outstanding Swingline Loans, and in an amount equal to its Pro Rata Share
of the applicable unpaid amount together with accrued interest thereon.  Upon one Business Day’s notice from Swingline
Lender, each Revolving Lender shall deliver to Swingline Lender an amount equal
to its respective participation in the applicable unpaid amount in same day
funds at the Principal Office of Swingline Lender.  In order to evidence such participation, each
Revolving Lender agrees to enter into a participation agreement at the request
of Swingline Lender in form and substance reasonably satisfactory to Swingline
Lender.  In the event any Revolving
Lender fails to make available to Swingline Lender the amount of such Lender’s
participation as provided in this paragraph, Swingline Lender shall be entitled
to recover such amount on demand from such Lender together with interest
thereon for three Business Days at the rate customarily used by Swingline
Lender for the correction of errors among banks and thereafter at the Base
Rate, as applicable.

(vi)      Notwithstanding
anything contained herein to the contrary, (1) each Revolving Lender’s
obligation to make Revolving Loans for the purpose of repaying any

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Refunded
Swingline Loans pursuant to the second preceding paragraph and each Revolving
Lender’s obligation to purchase a participation in any unpaid Swingline Loans
pursuant to the immediately preceding paragraph shall be absolute and
unconditional and shall not be affected by any circumstance, including (A) any
set-off, counterclaim, recoupment, defense or other right that such Revolving
Lender may have against Swingline Lender, any Loan Party or any other Person
for any reason whatsoever; (B) the occurrence or continuation of a Default or
Event of Default; (C) any adverse change in the business, operations,
properties, assets, condition (financial or otherwise) or prospects of any Loan
Party; (D) any breach of this Agreement or any other Loan Document by any party
thereto; or (E) any other circumstance, happening or event whatsoever, whether
or not similar to any of the foregoing; provided
that, such obligations of each Revolving Lender are subject to the
condition that Swingline Lender believed in good faith that all conditions
under Section 3.2 to the making of the applicable Refunded Swingline
Loans or other unpaid Swingline Loans, were satisfied at the time such Refunded
Swingline Loans or unpaid Swingline Loans were made, or the satisfaction of any
such condition not satisfied had been waived by the Requisite Lenders prior to
or at the time such Refunded Swingline Loans or other unpaid Swingline Loans
were made; and (2) Swingline Lender shall not be obligated to make any
Swingline Loans (A) if it has elected not to do so after the occurrence and
during the continuation of a Default or Event of Default, or (B) at a time when
a Funding Default exists unless Swingline Lender has entered into arrangements
satisfactory to it and Borrower to eliminate Swingline Lender’s risk with
respect to the Defaulting Lender’s participation in such Swingline Loan,
including by cash collateralizing such Defaulting Lender’s Pro Rata Share of
the outstanding Swingline Loans.

2.4          Issuance of Letters of Credit and
Purchase of Participations Therein.

(a)           Letters of Credit.  During the Revolving Commitment Period,
subject to the terms and conditions hereof, Issuing Bank agrees to issue
Letters of Credit for the account of Borrower in the aggregate amount up to but
not exceeding the Letter-of-Credit Sublimit; provided
that, (i) each Letter of Credit
shall be denominated in Dollars, (ii) the stated amount of each Letter of
Credit shall not be less than $500,000 or such lesser amount as is acceptable
to Issuing Bank, (iii) after giving effect to such issuance, in no event shall
the Total Utilization of Revolving Commitments exceed the Revolving Commitments
then in effect, (iv) after giving effect to such issuance, in no event shall
the Letter-of-Credit Usage exceed the Letter-of-Credit Sublimit then in effect,
and (v) in no event shall any Letter of Credit have an expiration date later
than the earlier of (1) five Business Days prior to the Revolving Commitment
Termination Date and (2) the date that is one year from the date of issuance of
such Letter of Credit.  Subject to the
foregoing, Issuing Bank may agree (such agreement not to be unreasonably
withheld) that a Letter of Credit will automatically be extended for one or
more successive periods not to exceed one year each, unless Issuing Bank
reasonably elects not to extend for any such additional period; provided that, Issuing Bank shall not extend any such Letter of Credit if
it has received written notice that a Default or an Event of Default has
occurred and is continuing at the time Issuing Bank must elect to allow such
extension; provided further that,
in the event a Funding Default exists, Issuing Bank shall not be required to
issue any Letter of Credit unless Issuing Bank has entered into arrangements
satisfactory to it and Borrower to eliminate Issuing Bank’s risk with respect
to the participation in Letters of Credit of the Defaulting Lender, including
by cash collateralizing such Defaulting Lender’s Pro Rata Share of the
Letter-of-Credit Usage.

(b)           Notice of Issuance.  Whenever Borrower desires the issuance of a
Letter of Credit, it shall deliver to Administrative Agent an Issuance Notice
no later than 12:00 p.m. (New York City time) at least three Business Days, or
in each case such shorter period as may be

 40
 

 

agreed to by Issuing Bank in any particular instance,
in advance of the proposed date of issuance. 
Upon satisfaction or waiver of the conditions set forth in Section
3.2, Issuing Bank shall issue the requested Letter of Credit only in
accordance with Issuing Bank’s standard operating procedures.  Upon the issuance of any Letter of Credit or
amendment or modification to a Letter of Credit, Issuing Bank shall promptly
notify each Revolving Lender of such issuance, amendment or modification, which
notice shall include the amount of such Lender’s respective participation in
such Letter of Credit pursuant to Section 2.4(e).

(c)           Responsibility of Issuing Bank
With Respect to Requests for Drawings and Payments.  In determining whether to honor any drawing
under any Letter of Credit by the beneficiary thereof, Issuing Bank shall be
responsible only to examine the documents delivered under such Letter of Credit
with reasonable care so as to ascertain whether they appear on their face to be
in accordance with the terms and conditions of such Letter of Credit.  As between Borrower and Issuing Bank,
Borrower assumes all risks of the acts and omissions of, or misuse of the
Letters of Credit issued by Issuing Bank, by the respective beneficiaries of
such Letters of Credit.  In furtherance
and not in limitation of the foregoing, Issuing Bank shall not be responsible
for:  (i) the form, validity,
sufficiency, accuracy, genuineness or legal effect of any document submitted by
any party in connection with the application for and issuance of any such
Letter of Credit, even if it should in fact prove to be in any or all respects
invalid, insufficient, inaccurate, fraudulent or forged; (ii) the validity or
sufficiency of any instrument transferring or assigning or purporting to
transfer or assign any such Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, that may prove to be
invalid or ineffective for any reason; (iii) the failure of the beneficiary of
any such Letter of Credit to comply fully with any conditions required in order
to draw on such Letter of Credit; (iv) errors, omissions, interruptions or
delays in transmission or delivery of any messages, by mail, electronic mail,
cable, telegraph, telex or otherwise, whether or not they be in cipher; (v)
errors in interpretation of technical terms; (vi) any loss or delay in the
transmission or otherwise of any document required in order to make a drawing
under any such Letter of Credit or of the proceeds thereof; (vii) the
misapplication by the beneficiary of any such Letter of Credit of the proceeds
of any drawing under such Letter of Credit; or (viii) any consequences arising
from causes beyond the control of Issuing Bank, including any Governmental
Acts; none of the above shall affect or impair, or prevent the vesting of, any
of Issuing Bank’s rights or powers hereunder. 
Without limiting the foregoing and in furtherance thereof, any action
taken or omitted by Issuing Bank under or in connection with the Letters of
Credit or any documents and certificates delivered thereunder, if taken or
omitted in good faith, shall not give rise to any liability on the part of
Issuing Bank to Borrower.  Notwithstanding
anything to the contrary contained in this Section 2.4(c), Borrower
shall retain any and all rights it may have against Issuing Bank for any
liability arising solely out of the gross negligence or willful misconduct of
Issuing Bank, as finally determined by a court of competent jurisdiction in a
nonappealable decision.

(d)           Reimbursement by Borrower of
Amounts Drawn or Paid Under Letters of Credit.  In the event Issuing Bank has determined to
honor a drawing under a Letter of Credit, it shall promptly notify Borrower and
Administrative Agent, and Borrower shall reimburse Issuing Bank on or before
the Business Day immediately following the date on which such drawing is
honored (the “Reimbursement Date”)
in an amount in Dollars and in same day funds equal to the amount of such
honored drawing; provided that, anything contained herein to the contrary
notwithstanding, (i) unless Borrower shall have notified Administrative Agent
and Issuing Bank prior to 10:00 a.m. (New York City time) on the date such
drawing is honored that Borrower intends to reimburse Issuing Bank for the
amount of such honored drawing with funds other than the proceeds of Revolving
Loans, Borrower shall be deemed to have given a timely Funding Notice to
Administrative Agent requesting the Revolving Lenders to make Revolving Loans
that are

 41
 

 

Base Rate Loans on the Reimbursement Date in an amount
in Dollars equal to the amount of such honored drawing, and (ii) subject to
satisfaction or waiver of the conditions specified in Section 3.2, the
Revolving Lenders shall, on the Reimbursement Date, make Revolving Loans that
are Base Rate Loans in the amount of such honored drawing, the proceeds of
which shall be applied directly by Administrative Agent to reimburse Issuing
Bank for the amount of such honored drawing; and provided further that, if for any reason proceeds of
Revolving Loans are not received by Issuing Bank on the Reimbursement Date in
an amount equal to the amount of such honored drawing, Borrower shall reimburse
Issuing Bank, on demand, in an amount in same day funds equal to the excess of
the amount of such honored drawing over the aggregate amount of such Revolving
Loans, if any, that are so received. 
Nothing in this Section 2.4(d) shall be deemed to relieve any
Revolving Lender from its obligation to make Revolving Loans on the terms and
conditions set forth herein, and Borrower shall retain any and all rights it
may have against any Lender resulting from the failure of such Lender to make
such Revolving Loans under this Section 2.4(d).

(e)           Revolving Lenders’ Purchase of
Participations in Letters of Credit. 
Immediately upon the issuance of each Letter of Credit, each Revolving
Lender shall be deemed to have purchased, and hereby agrees to irrevocably
purchase, from Issuing Bank a participation in such Letter of Credit and any
drawings honored thereunder in an amount equal to such Lender’s Pro Rata Share
(with respect to the Revolving Commitments) of the maximum amount that is or at
any time may become available to be drawn thereunder.  In the event that Borrower shall fail for any
reason to reimburse Issuing Bank as provided in Section 2.4(d), Issuing
Bank shall promptly notify each Revolving Lender of the unreimbursed amount of
such honored drawing and of such Lender’s respective participation therein
based on such Lender’s Pro Rata Share of the Revolving Commitments.  Each Revolving Lender shall make available to
Issuing Bank an amount equal to its respective participation, in Dollars and in
same day funds, at the office of Issuing Bank specified in such notice, not
later than 12:00 p.m. (New York City time) on the first business day (under the
laws of the jurisdiction in which such office of Issuing Bank is located) after
the date notified by Issuing Bank.  In
the event that any Revolving Lender fails to make available to Issuing Bank on
such business day the amount of such Lender’s participation in such Letter of
Credit as provided in this Section 2.4(e), Issuing Bank shall be
entitled to recover such amount on demand from such Lender together with
interest thereon for three Business Days at the rate customarily used by
Issuing Bank for the correction of errors among banks, and thereafter at the
Base Rate.  Nothing in this Section
2.4(e) shall be deemed to prejudice the right of any Revolving Lender to
recover from Issuing Bank any amounts made available by such Lender to Issuing
Bank pursuant to this Section 2.4(e) in the event that it is determined
that the payment with respect to a Letter of Credit in respect of which payment
was made by such Lender constituted gross negligence or willful misconduct on
the part of Issuing Bank, as finally determined by a court of competent
jurisdiction in a nonappealable decision. 
In the event Issuing Bank shall have been reimbursed by other Revolving
Lenders pursuant to this Section 2.4(e) for all or any portion of any
drawing honored by Issuing Bank under a Letter of Credit, such Issuing Bank
shall distribute to each Revolving Lender that has paid all amounts payable by
it under this Section 2.4(e) with respect to such honored drawing such
Lender’s Pro Rata Share of all payments subsequently received by Issuing Bank
from Borrower in reimbursement of such honored drawing when such payments are
received.  Any such distribution shall be
made to a Revolving Lender at its primary address set forth below its name on Appendix
B or at such other address as such Lender may request.

(f)            Obligations Absolute.  The obligation of Borrower to reimburse
Issuing Bank for drawings honored under the Letters of Credit issued by it and
to repay any Revolving Loans made by Revolving Lenders pursuant to Section
2.4(d) and the obligations of such Lenders

 42
 

 

under Section 2.4(e) shall be unconditional and
irrevocable and shall be paid strictly in accordance with the terms hereof
under all circumstances including any of the following circumstances:  (i) any lack of validity or enforceability of
any Letter of Credit; (ii) the existence of any claim, set-off, defense or
other right that Borrower or any Revolving Lender may have at any time against
a beneficiary or any transferee of any Letter of Credit (or any Persons for
whom any such transferee may be acting), Issuing Bank, any other Lender or any
other Person or, in the case of a Lender, against Borrower, whether in connection
herewith, the transactions contemplated herein or any unrelated transaction
(including any underlying transaction between Borrower or one of its
Subsidiaries and the beneficiary for which any Letter of Credit was procured);
(iii) any draft or other document presented under any 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; (iv) payment by
Issuing Bank under any Letter of Credit against presentation of a draft or
other document that does not substantially comply with the terms of such Letter
of Credit; (v) any adverse change in the business, operations, properties,
assets, condition (financial or otherwise) or prospects of Borrower or any of its
Subsidiaries; (vi) any breach hereof or any other Loan Document by any party
thereto; (vii) any other circumstance or happening whatsoever, whether or not
similar to any of the foregoing; or (viii) the fact that an Event of Default or
a Default shall have occurred and be continuing; provided that, in
each case, payment by Issuing Bank under the applicable Letter of Credit shall
not have constituted gross negligence or willful misconduct of Issuing Bank
under the circumstances in question, as finally determined by a court of
competent jurisdiction in a nonappealable decision.

(g)           Indemnification.  Without duplication of any obligation of
Borrower under Section 9.2 or 9.3, in addition to amounts payable
as provided herein, Borrower hereby agrees to protect, indemnify, pay and save
harmless Issuing Bank from and against any and all claims, demands,
liabilities, damages, losses, costs, charges and expenses (including reasonable
fees, expenses and disbursements of counsel and allocated costs of internal
counsel) that Issuing Bank may incur or be subject to as a consequence, direct
or indirect, of (i) the issuance of any Letter of Credit by Issuing Bank, other
than as a result of (1) the gross negligence or willful misconduct of Issuing
Bank, as finally determined by a court of competent jurisdiction in a
nonappealable decision, or (2) the wrongful dishonor by Issuing Bank of a
proper demand for payment made under any Letter of Credit issued by it, or (ii)
the failure of Issuing Bank to honor a drawing under any such Letter of Credit
as a result of any Governmental Act.

(h)           Notwithstanding anything to the
contrary herein, the Existing Letters of Credit shall be deemed to have been
issued hereunder and deemed to be Letters of Credit for all purposes hereunder.

2.5          Pro Rata Shares; Availability of Funds.

(a)           Pro Rata Shares.  All Loans shall be made, and all
participations purchased, by Lenders simultaneously and proportionately to
their respective Pro Rata Shares, it being understood that no Lender shall be
responsible for any default by any other Lender in such other Lender’s
obligation to make a Loan requested hereunder or purchase a participation
required hereby nor shall any Term Loan Commitment or any Revolving Commitment
of any Lender be increased or decreased as a result of a default by any other
Lender in such other Lender’s obligation to make a Loan requested hereunder or
purchase a participation required hereby.

(b)           Availability of Funds.  Unless Administrative Agent shall have been
notified by any Lender prior to the applicable Credit Date that such Lender
does not intend to make

 43
 

 

available to Administrative Agent the amount of such
Lender’s Loan requested on such Credit Date, Administrative Agent may assume
that such Lender has made such amount available to Administrative Agent on such
Credit Date and Administrative Agent may, in its sole discretion, but shall not
be obligated to, make available to Borrower a corresponding amount on such
Credit Date.  If such Lender’s Loan
amount is not in fact made available to Administrative Agent by such Lender,
Administrative Agent shall be entitled to recover such corresponding amount on
demand from such Lender together with interest thereon, for each day from such
Credit Date until the date such amount is paid to Administrative Agent, at the
customary rate set by Administrative Agent for the correction of errors among
banks for three Business Days and thereafter at the Base Rate.  If such Lender does not pay such
corresponding amount forthwith upon Administrative Agent’s demand therefor,
Administrative Agent shall promptly notify Borrower and Borrower shall
immediately pay such corresponding amount to Administrative Agent together with
interest thereon, for each day from such Credit Date until the date such amount
is paid to Administrative Agent, at the rate payable hereunder for Base Rate
Loans for such Class of Loans.  Nothing
in this Section 2.5(b) shall be deemed to relieve any Lender from its
obligation to fulfill its Term Loan Commitments and Revolving Commitments hereunder
or to prejudice any rights that Borrower may have against any Lender as a
result of any default by such Lender hereunder.

2.6          Use of Proceeds.  The proceeds of the Term Loans funded on the
Closing Date shall be applied by Borrower for working capital and general
corporate purposes, including Permitted Acquisitions.  The proceeds of the New Term Loans shall be
used to fund, or reimburse Borrower for funding of, a dividend to the Parent
for the purpose of redeeming, repurchasing or otherwise acquiring all or a
portion of the Parent’s 3 3⁄4% Convertible Senior Notes Due May 15, 2008.  The proceeds of the Revolving Loans,
Swingline Loans and Letters of Credit made after the Closing Date shall be
applied by Borrower for working capital and general corporate purposes of
Borrower and its Subsidiaries; provided
that, Revolving Loans may not be used to finance Permitted Acquisitions unless,
at the time thereof, the aggregate unused amount of Revolving Commitments then
in effect plus unrestricted and
unencumbered Cash and Cash Equivalents (it being understood that, Cash and Cash
Equivalents subject to Liens granted under the Security Documents shall not be
deemed to be restricted or encumbered as a result thereof) held by Borrower and
its Restricted Subsidiaries in excess of $30,000,000 is not less than
$50,000,000.  Letters of Credit shall be
used solely to support payment obligations incurred in the ordinary course of
business by Borrower and its Restricted Subsidiaries.  No portion of the proceeds of any Credit Extension
shall be used in any manner that causes or might cause such Credit Extension or
the application of such proceeds to violate Regulation T, Regulation U or
Regulation X of the Board of Governors of the Federal Reserve System or any
other regulation thereof or to violate the Exchange Act.

2.7          Evidence of Debt; Register; Lenders’
Books and Records; Notes.

(a)           Lenders’ Evidence of Debt.  Each Lender shall maintain on its internal
records an account or accounts evidencing the Obligations of Borrower to such
Lender, including the amounts of the Loans made by it and each repayment and
prepayment in respect thereof.  Any such
recordation shall be conclusive and binding on Borrower, absent manifest error;
provided that, the failure to
make any such recordation, or any error in such recordation, shall not affect
any Lender’s Revolving Commitments or Borrower’s Obligations in respect of any
applicable Loans; and provided further
that, in the event of any inconsistency between the Register and any Lender’s
records, the recordations in the Register shall govern.

(b)           Register.  Administrative Agent shall maintain at its
Principal Office a register for the recordation of the names and addresses of
Lenders and the Revolving Commitments

 44
 

 

and Loans of each Lender from time to time (the “Register”). 
In the case of a Related Lender Assignment described in Section
9.6(c) that is not reflected in the Register, the assigning Lender shall
maintain a comparable register, which shall be made available for inspection by
Administrative Agent at any reasonable time and from time to time upon
reasonable prior notice to such Lender. 
The Register shall be available for inspection by Borrower or any Lender
at any reasonable time and from time to time upon reasonable prior notice.  Administrative Agent shall record in the
Register the Revolving Commitments and the Loans, and each repayment or
prepayment in respect of the principal amount of the Loans, and any such
recordation shall be conclusive and binding on Borrower and each Lender, absent
manifest error; provided that, failure to make any such recordation, or
any error in such recordation, shall not affect any Lender’s Revolving
Commitments or Borrower’s Obligations in respect of any Loan.  Borrower hereby designates Administrative Agent
to serve as Borrower’s agent solely for purposes of maintaining the Register as
provided in this Section 2.7, and Borrower hereby agrees that, to the
extent Administrative Agent serves in such capacity, Administrative Agent and
its officers, directors, employees, agents and affiliates shall constitute
“Indemnitees.”

(c)           Notes.  If so requested by any Lender by written
notice to Borrower at least two Business Days prior to the Closing Date, or at
any time thereafter, Borrower shall execute and deliver to such Lender (and/or,
if applicable and if so specified in such notice, to any Person who is an
assignee of such Lender pursuant to Section 9.6) on the Closing Date
(or, if such notice is delivered after the Closing Date, promptly after
Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s
Term Loan, Revolving Loan or Swingline Loan, as the case may be.

2.8          Interest on Loans.

(a)           Except as otherwise set forth herein,
each Class of Loans shall bear interest on the unpaid principal amount thereof
from the date made through repayment (whether by acceleration or otherwise)
thereof

(i)        in the
case of Revolving Loans, (A) if a Base Rate Loan, at the Base Rate plus the Applicable Margin, or (B) if a
Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable Margin,

(ii)       in the
case of Swingline Loans, at the Base Rate plus
the Applicable Margin, and

(iii)      in the
case of Term Loans,

(1)           if
a Base Rate Loan, at the Base Rate plus
the Applicable Margin, or

(2)           if
a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable Margin.

(b)           The basis for determining the rate of
interest with respect to any Loan (except a Swingline Loan, which can be made
and maintained as Base Rate Loans only), and the Interest Period with respect
to any Eurodollar Rate Loan, shall be selected by Borrower and notified to
Administrative Agent (who shall notify the relevant Lenders) pursuant to the
applicable Funding Notice or Conversion/Continuation Notice, as the case may
be.  If on any day a Loan is outstanding
with respect to which a Funding Notice or Conversion/Continuation Notice has
not

 45

 

been delivered to Administrative Agent in accordance
with the terms hereof specifying the applicable basis for determining the rate
of interest, then for that day such Loan shall be a Base Rate Loan.

(c)           In connection with Eurodollar Rate
Loans there shall be no more than 15 Interest Periods outstanding at any
time.  In the event Borrower fails to
specify between a Base Rate Loan or a Eurodollar Rate Loan in the applicable
Funding Notice or Conversion/Continuation Notice, such Loan (if outstanding as
a Eurodollar Rate Loan) will be automatically converted into a Base Rate Loan
on the last day of the then current Interest Period for such Loan (or if
outstanding as a Base Rate Loan will remain as, or (if not then outstanding)
will be made as, a Base Rate Loan).  In
the event Borrower fails to specify an Interest Period for any Eurodollar Rate
Loan in the applicable Funding Notice or Conversion/Continuation Notice,
Borrower shall be deemed to have selected an Interest Period of one month.  As soon as practicable after 10:00 a.m. (New
York City time) on each Interest Rate Determination Date, Administrative Agent
shall determine (which determination shall, absent manifest error, be final,
conclusive and binding on all parties) the interest rate that shall apply to the
Eurodollar Rate Loans for which an interest rate is then being determined for
the applicable Interest Period and shall promptly give notice thereof (in
writing or by telephone confirmed in writing) to Borrower and each Lender.

(d)           Interest payable pursuant to Section
2.8(a) shall be computed (i) in the case of Base Rate Loans with reference
to the Prime Rate, on the basis of a 365-day or 366-day year, as the case may
be, and (ii) in the case of Eurodollar Rate Loans or Base Rate Loans with
reference to the Federal Funds Effective Rate, on the basis of a 360-day year,
in each case for the actual number of days elapsed in the period during which
it accrues.  In computing interest on any
Loan, the date of the making of such Loan or the first day of an Interest
Period applicable to such Loan or, with respect to a Base Rate Loan being
converted from a Eurodollar Rate Loan, the date of conversion of such
Eurodollar Rate Loan to such Base Rate Loan, as the case may be, shall be
included, and the date of payment of such Loan or the expiration date of an
Interest Period applicable to such Loan or, with respect to a Base Rate Loan
being converted to a Eurodollar Rate Loan, the date of conversion of such Base
Rate Loan to such Eurodollar Rate Loan, as the case may be, shall be excluded; provided that, if a Loan is repaid on the
same day on which it is made, one day’s interest shall be paid on that Loan.

(e)           Except as otherwise set forth herein,
interest on each Loan shall be payable in arrears (i) on each Interest Payment
Date applicable to that Loan; (ii) upon any prepayment of that Loan, whether
voluntary or mandatory, to the extent accrued on the principal amount being
prepaid; and (iii) at maturity, including final maturity as the case may be; provided that, with respect to any voluntary prepayment of a Base Rate
Loan, accrued interest shall instead be payable on the applicable Interest
Payment Date.

(f)            Borrower agrees to pay to Issuing
Bank, with respect to drawings honored under any Letter of Credit, interest on the
amount paid by Issuing Bank in respect of each such honored drawing from the
date such drawing is honored to but excluding the date such amount is
reimbursed by or on behalf of Borrower at a rate equal to (i) for the period
from the date such drawing is honored to but excluding the applicable
Reimbursement Date, the rate of interest otherwise payable hereunder with
respect to Revolving Loans that are Base Rate Loans, and (ii) thereafter, a
rate that is 2.00% per annum in excess of the rate of interest otherwise
payable hereunder with respect to Revolving Loans that are Base Rate Loans.

(g)           Interest payable pursuant to Section
2.8(f) shall be computed on the basis of a 360-day year for the actual
number of days elapsed in the period during which it accrues, and

 46
 

 

shall be payable on demand or, if no demand is made,
on the date on which the related drawing under a Letter of Credit is reimbursed
in full.  Promptly upon receipt by
Issuing Bank of any payment of interest pursuant to Section 2.8(f),
Issuing Bank shall distribute to each Lender, out of the interest received by
Issuing Bank in respect of the period from the date such drawing is honored to
but excluding the date on which Issuing Bank is reimbursed for the amount of
such drawing (including any such reimbursement out of the proceeds of any
Revolving Loans), the amount that such Lender would have been entitled to
receive in respect of the letter of credit fee that would have been payable in
respect of such Letter of Credit for such period if no drawing had been honored
under such Letter of Credit.  In the
event Issuing Bank shall have been reimbursed by Lenders for all or any portion
of such honored drawing, Issuing Bank shall distribute to each Lender that has
paid all amounts payable by it under Section 2.4(e) with respect to such
honored drawing such Lender’s Pro Rata Share of any interest received by
Issuing Bank in respect of that portion of such honored drawing so reimbursed
by Lenders for the period from the date on which Issuing Bank was so reimbursed
by Lenders to but excluding the date on which such portion of such honored
drawing is reimbursed by Borrower.

2.9          Conversion/Continuation.

(a)           Subject to Section 2.18 and so
long as no Default or Event of Default shall have occurred and then be continuing,
Borrower shall have the option:

(i)        to
convert at any time all or any part of any Term Loan or Revolving Loan equal to
$3,000,000 and integral multiples of $1,000,000 in excess of that amount from
one Type of Loan to another Type of Loan; provided
that, a Eurodollar Rate Loan may only be converted on the expiration
of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower
shall pay all amounts due under Section 2.18 in connection with any such
conversion; or

(ii)       upon
the expiration of any Interest Period applicable to any Eurodollar Rate Loan,
to continue all or any portion of such Loan equal to $3,000,000 and integral
multiples of $1,000,000 in excess of that amount as a Eurodollar Rate Loan.

(b)           Borrower shall deliver a Conversion/Continuation
Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at
least one Business Day in advance of the proposed conversion date (in the case
of a conversion to a Base Rate Loan) and at least three Business Days in advance
of the proposed conversion or continuation date (in the case of a conversion
to, or a continuation of, a Eurodollar Rate Loan).  Except as otherwise provided herein, a
Conversion/Continuation Notice for conversion to, or continuation of, any
Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be
irrevocable on and after the related Interest Rate Determination Date, and
Borrower shall be bound to effect a conversion or continuation in accordance
therewith.

2.10        Default Interest.  If all or any portion of the principal amount
of any Loan or Reimbursement Obligation shall not be paid when due (whether at
the stated maturity, by acceleration or otherwise), all outstanding Loans and
Reimbursement Obligations (whether or not overdue) shall bear interest, from
the date of such nonpayment until such amount is paid in full, at a rate per
annum that is equal to (x) in the case of the Loans, the rate that would
otherwise be applicable thereto pursuant to Section 2.8(a)  plus 2.00%, or (y) in the case of Reimbursement
Obligations, the rate applicable to Revolving Loans that are Base Rate Loans plus 2.00%.  If all or a portion of any interest payable
on any Loan or Reimbursement Obligation or any commitment fee or other amount
payable hereunder shall not be paid when due (whether at the stated maturity,
by

 47
 

 

acceleration or otherwise), such overdue amount shall
bear interest, from the date of such nonpayment until such amount is paid in
full, at a rate per annum equal to the rate then applicable to Base Rate Loans
under the relevant Class of Loans plus 2.00%
(or, in the case of any such other amounts that do not relate to a particular
Class of Loans, the rate then applicable to Revolving Loans that are Base Rate
Loans plus 2.00%).

2.11        Fees.

(a)           Borrower agrees to pay to Lenders
having Revolving Loan Exposure:

(i)        commitment
fees at the rate of 0.50% per annum on the average of the daily difference
between (a) the Revolving Commitments, and (b) the sum of (x) the aggregate
principal amount of outstanding Revolving Loans (but not any outstanding
Swingline Loans) plus (y) the
Letter-of-Credit Usage; and

(ii)       letter
of credit fees (calculated on a per annum basis) equal to (1) the Applicable
Margin for Revolving Loans that are Eurodollar Rate Loans, times (2) the average
aggregate daily maximum amount available to be drawn under all such Letters of
Credit (regardless of whether any conditions for drawing could then be met and
determined as of the close of business on any date of determination).

All fees referred to in this Section 2.11(a)
shall be paid to Administrative Agent at its Principal Office and upon receipt,
Administrative Agent shall promptly distribute to each Lender its Pro Rata
Share thereof.

(b)           Borrower agrees to pay directly to
Issuing Bank, for its own account, the following fees:

(i)        a
fronting fee equal to 0.25%, per annum, times the average aggregate daily
maximum amount available to be drawn under all Letters of Credit (determined as
of the close of business on any date of determination); and

(ii)       such
documentary and processing charges for any issuance, amendment, transfer or
payment of a Letter of Credit as are in accordance with Issuing Bank’s standard
schedule for such charges and as in effect at the time of such issuance,
amendment, transfer or payment, as the case may be.

(c)           All fees referred to in Section
2.11(a) and 2.11(b)(i) shall be calculated on the basis of a 360 day
year and the actual number of days elapsed and shall be payable quarterly in
arrears on the last day of March, June, September and December of each year
during the Revolving Commitment Period, commencing on the first such date to
occur after the Closing Date (but calculated with respect to periods prior to
the Closing Date based on Existing Revolving Exposure and Existing Letters of
Credit), and on the Revolving Commitment Termination Date.  The fees referred to in Section
2.11(b)(ii) shall be payable promptly following demand therefor.

(d)           In addition to the foregoing fees,
Borrower agrees to pay to Agents such other fees in the amounts and at the
times separately agreed on.

2.12        Scheduled Payments.  The principal amounts of the Term Loans
(other than New Term Loans, for which scheduled payments shall be made as
provided for in the Joinder

 48
 

 

Agreement relating to such New Term Loan) shall be
repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set
forth below on the last day of each calendar quarter (each, an “Installment Date”), commencing December 31,
2006:

	
  Installment Date

  	
   

  	
  Installment

  	
   

  
	
  December 31, 2006

  	
   

  	
  $      4,250,000

  	
   

  
	
  March 31, 2007

  	
   

  	
  $      4,250,000

  	
   

  
	
  June 30, 2007

  	
   

  	
  $      4,250,000

  	
   

  
	
  September 30, 2007

  	
   

  	
  $      4,250,000

  	
   

  
	
  December 31, 2007

  	
   

  	
  $      4,250,000

  	
   

  
	
  March 31, 2008

  	
   

  	
  $      4,250,000

  	
   

  
	
  June 30, 2008

  	
   

  	
  $      4,250,000

  	
   

  
	
  September 30, 2008

  	
   

  	
  $      4,250,000

  	
   

  
	
  December 31, 2008

  	
   

  	
  $      4,250,000

  	
   

  
	
  March 31, 2009

  	
   

  	
  $      4,250,000

  	
   

  
	
  June 30, 2009

  	
   

  	
  $      4,250,000

  	
   

  
	
  September 30, 2009

  	
   

  	
  $      4,250,000

  	
   

  
	
  December 31, 2009

  	
   

  	
  $      4,250,000

  	
   

  
	
  March 31, 2010

  	
   

  	
  $      4,250,000

  	
   

  
	
  June 30, 2010

  	
   

  	
  $      4,250,000

  	
   

  
	
  September 30, 2010

  	
   

  	
  $      4,250,000

  	
   

  
	
  December 31, 2010

  	
   

  	
  $      4,250,000

  	
   

  
	
  March 31, 2011

  	
   

  	
  $      4,250,000

  	
   

  
	
  June 30, 2011

  	
   

  	
  $      4,250,000

  	
   

  
	
  September 30,
  2011

  	
   

  	
  $      4,250,000

  	
   

  
	
  December 31, 2011

  	
   

  	
  $      4,250,000

  	
   

  
	
  March 31, 2012

  	
   

  	
  $      4,250,000

  	
   

  
	
  June 30, 2012

  	
   

  	
  $      4,250,000

  	
   

  
	
  September 30, 2012

  	
   

  	
  $      4,250,000

  	
   

  
	
  December 31, 2012

  	
   

  	
  $      4,250,000

  	
   

  
	
  March 31, 2013

  	
   

  	
  $      4,250,000

  	
   

  
	
  June 30, 2013

  	
   

  	
  $  794,750,000

  	
   

  
	
  Term
  Loan Maturity Date

  	
   

  	
  $  794,750,000

  	
   

  

Notwithstanding
the foregoing, (x) such Installments shall be reduced in connection with any
voluntary or mandatory prepayments of the Term Loans, as the case may be, in
accordance with

 49
 

 

Sections 2.13,
2.14 and 2.15, as applicable; and (y) the Term Loans, together
with all other amounts owed hereunder with respect thereto, shall, in any
event, be paid in full no later than the Term Loan Maturity Date.

2.13        Voluntary Prepayments/Commitment
Reductions.

(a)           Voluntary Prepayments.

(i)        Any
time and from time to time:

(1)           with
respect to Base Rate Loans, Borrower may prepay any such Loans on any Business
Day in whole or in part, in an aggregate minimum amount of $1,000,000 and
integral multiples of $1,000,000 in excess of that amount;

(2)           with
respect to Eurodollar Rate Loans, Borrower may prepay any such Loans on any
Business Day in whole or in part in an aggregate minimum amount of $1,000,000
and integral multiples of $1,000,000 in excess of that amount; and

(3)           with
respect to Swingline Loans, Borrower may prepay any such Loans on any Business
Day in whole or in part in an aggregate minimum amount of $500,000, and in
integral multiples of $500,000 in excess of that amount.

(ii)       All such prepayments shall be made:

(1)           upon
not less than one Business Day’s prior written or telephonic notice in the case
of Base Rate Loans;

(2)           upon
not less than three Business Days’ prior written or telephonic notice in the
case of Eurodollar Rate Loans; and

(3)           upon
written or telephonic notice on the date of prepayment, in the case of
Swingline Loans;

in each case given to Administrative Agent or
Swingline Lender, as the case may be, by 12:00 p.m. (New York City time) on the
date required and, if given by telephone, promptly confirmed in writing to
Administrative Agent (and Administrative Agent will promptly transmit such
telephonic or original notice for Term Loans or Revolving Loans, as the case
may be, by telefacsimile or telephone to each Lender) or Swingline Lender, as
the case may be.  Upon the giving of any
such notice, the principal amount of the Loans specified in such notice shall
become due and payable on the prepayment date specified therein.  Any such voluntary prepayment shall be
applied as specified in Section 2.15(a).

(b)           Voluntary Commitment Reductions.

(i)        Borrower
may, upon not less than three Business Days’ prior written or telephonic notice
confirmed in writing to Administrative Agent (which original written or
telephonic notice Administrative Agent will promptly transmit by telefacsimile
or telephone to each applicable Lender), at any time and from time to time
terminate in

 50
 

 

whole
or permanently reduce in part, without premium or penalty, the Revolving
Commitments in an amount up to the amount by which the Revolving Commitments
exceed the Total Utilization of Revolving Commitments at the time of such
proposed termination or reduction; provided
that, any such partial reduction of the Revolving Commitments shall be in an
aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in
excess of that amount.

(ii)       Borrower’s
notice to Administrative Agent shall designate the date (which shall be a
Business Day) of such termination or reduction and the amount of any partial
reduction, and such termination or reduction of the Revolving Commitments shall
be effective on the date specified in Borrower’s notice and shall reduce the
Revolving Commitment of each Lender proportionately to its Pro Rata Share
thereof.

2.14        Mandatory Prepayments.

(a)           Asset Sales and Recovery Events.  If on any date Borrower or any of its
Restricted Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or
Recovery Event, then, unless a Reinvestment Notice is permitted to be delivered
in respect thereof and is so delivered within 30 days from the date that such
Net Cash Proceeds are received, such Net Cash Proceeds shall be applied within
30 days from the date that such Net Cash Proceeds are received toward the
prepayment of the Term Loans as set forth in Section 2.15(b); provided that, if a Default or Event of
Default has occurred and is continuing at the time such Net Cash Proceeds are
received by Borrower or any of its Restricted Subsidiaries, then such Net Cash
Proceeds shall be applied toward the prepayment of the Term Loans and the
reduction of the Revolving Commitments on the date so received; provided further that, notwithstanding the
foregoing, (i) the aggregate Net Cash Proceeds from Asset Sales and Recovery
Events that may be excluded from the foregoing prepayment requirement pursuant
to one or more Reinvestment Notices shall not exceed $100,000,000 in any Fiscal
Year, and (ii) on each Reinvestment Prepayment Date, an amount equal to the
Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event
shall be applied toward the prepayment of the Term Loans as set forth in Section
2.15(b).

(b)           Issuance of Equity Securities.  On the date of receipt by Borrower of any Net
Cash Proceeds from a capital contribution to, or the issuance of any Capital
Stock of, Borrower, Borrower shall prepay the Loans as set forth in Section
2.15(b) in an aggregate amount equal to 50% of such Net Cash Proceeds; provided that, during any period in which
the Consolidated Leverage Ratio (determined for any such period by reference to
the most recent Compliance Certificate delivered pursuant to Section 5.2(b)
calculating the Consolidated Leverage Ratio) shall be 3.50:1.00 or less, Borrower
shall not be required to make the prepayments otherwise required by this Section
2.14(b).

(c)           Issuance of Indebtedness.  On the date of receipt by Borrower or any of
its Subsidiaries of any Net Cash Proceeds from the incurrence of any
Indebtedness of Borrower or any of its Subsidiaries (other than with respect to
any Indebtedness permitted to be incurred pursuant to Section 6.2,
except for Indebtedness incurred to refinance the Obligations permitted by Sections
6.2(j), 6.2(k)(i) and 6.2(l)(i)), Borrower shall prepay the
Loans as set forth in Section 2.15(b) in an aggregate amount equal to
100% of such Net Cash Proceeds.

(d)           Consolidated Excess Cash Flow.  In the event that there shall be Consolidated
Excess Cash Flow for Fiscal Year 2006, or for any Fiscal Year of Borrower
thereafter, Borrower shall, no later than 90 days after the end of such Fiscal
Year, prepay the Loans as set forth in Section 2.15(b) in an aggregate
amount equal to the difference between (i) 50% of such

 51
 

 

Consolidated Excess Cash Flow and (ii) the sum of (A)
voluntary repayments of principal of the Loans during such Fiscal Year
(excluding repayments of Revolving Loans and Swingline Loans, except to the
extent the Revolving Commitments are permanently reduced in connection with
such repayments and (2) repayments financed with Indebtedness) and (B) an
amount equal to the principal amount of Loans repaid with Indebtedness incurred
under Section 6.2(k) during such Fiscal Year; provided that, if the Consolidated Leverage Ratio as at the
end of such Fiscal Year shall be 3.75:1.00 or less, Borrower shall not be
required to make the prepayments otherwise required hereby.

(e)           Revolving Loans and Swing Loans.  Borrower shall from time to time prepay first, the Swingline Loans, and second, the Revolving Loans to the extent
necessary so that the Total Utilization of Revolving Commitments shall not at
any time exceed the Revolving Commitments then in effect.

(f)            Prepayment Certificate.  Concurrently with any prepayment of the Loans
pursuant to Sections 2.14(a) through 2.14(d), Borrower shall
deliver to Administrative Agent a certificate of an Authorized Officer
demonstrating the calculation of the amount of the applicable Net Cash Proceeds
or Consolidated Excess Cash Flow, as the case may be.  In the event that Borrower shall subsequently
determine that the actual amount of Net Cash Proceeds or Consolidated Excess
Cash Flow exceeded the amount set forth in such certificate, Borrower shall
promptly make an additional prepayment of the Loans in an amount equal to such
excess, and Borrower shall concurrently therewith deliver to Administrative
Agent a certificate of an Authorized Officer demonstrating the derivation of
such excess.

2.15        Application of Prepayments/Reductions.

(a)           Application of Voluntary Prepayments
by Type of Loans.  Any prepayment of
any Loan pursuant to Section 2.13(a) shall be applied as specified by
Borrower in the applicable notice of prepayment; provided that all prepayments of Term Loans shall be on a pro rata basis (in accordance with the
respective outstanding principal amounts thereof); and provided that, in the event Borrower fails
to specify the Loans to which any such prepayment shall be applied, such
prepayment shall be applied as follows:

(i)        first, to repay outstanding Swingline
Loans to the full extent thereof;

(ii)       second, to repay outstanding Revolving
Loans to the full extent thereof (without a corresponding reduction of the
Revolving Commitments); and

(iii)      third, to prepay the Term Loans, on a pro rata basis.  Any prepayment of any Term Loan pursuant to Section
2.13(a) shall be further applied on a pro
rata basis to reduce the scheduled remaining Installments of
principal on such Term Loan.

(b)           Application of Mandatory
Prepayments by Type of Loans.  Any
amount required to be paid pursuant to Sections 2.14(a) through 2.14(d)
shall be applied as follows:

(i)        first, to prepay Term Loans on a pro rata basis (in accordance with the
respective outstanding principal amounts thereof) and shall be further applied
on a pro rata basis to the
remaining scheduled Installments of principal of the Term Loans;

(ii)       second, to prepay the Swingline Loans to
the full extent thereof (without a corresponding reduction of the Revolving
Commitments, except for prepayments

 52
 

 

required
pursuant to (A) Section 2.14(a), if a Default or Event of Default has
occurred and is continuing, and (B) Section 2.14(c)); and

(iii)      third, to prepay the Revolving Loans to
the full extent thereof (without a corresponding reduction of the Revolving
Commitments, except for prepayments required pursuant to (A) Section 2.14(a),
if a Default or Event of Default has occurred and is continuing, and (B) Section
2.14(c)).

(c)           Application of Prepayments of
Loans to Base Rate Loans and Eurodollar Rate Loans.  With respect to each Class of Loans being
prepaid separately, any prepayment thereof shall be applied to Base Rate Loans
to the full extent thereof before application to Eurodollar Rate Loans, in each
case in a manner that minimizes the amount of any payments required to be made
by Borrower pursuant to Section 2.18(c).

2.16        General Provisions Regarding Payments.

(a)           All payments by Borrower of
principal, interest, fees and other Obligations shall be made in Dollars in
same day funds, without defense, set-off or counterclaim, free of any
restriction or condition, and delivered to Administrative Agent not later than
12:00 p.m. (New York City time) on the date due at Administrative Agent’s
Principal Office for the account of Lenders; funds received by Administrative
Agent after that time on such due date shall be deemed to have been paid by
Borrower on the next succeeding Business Day.

(b)           All
payments in respect of the principal amount of any Loan (other than voluntary
prepayments of Revolving Loans) shall be accompanied by payment of accrued
interest on the principal amount being repaid or prepaid.

(c)           Administrative Agent shall promptly
distribute to each Lender at such address as such Lender shall indicate in
writing, such Lender’s applicable Pro Rata Share of all payments and prepayments
of principal and interest due hereunder, together with all other amounts due
thereto, including all fees payable with respect thereto, to the extent
received by Administrative Agent.

(d)           Notwithstanding the foregoing
provisions hereof, if any Conversion/Continuation Notice is withdrawn as to any
Affected Lender or if any Affected Lender makes Base Rate Loans in lieu of its
Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent shall give
effect thereto in apportioning payments received thereafter.

(e)           Subject to the provisos set forth in
the definition of “Interest Period,” whenever any payment to be made hereunder
shall be stated to be due on a day that is not a Business Day, such payment
shall be made on the next succeeding Business Day and such extension of time
shall be included in the computation of the payment of interest hereunder or of
the Revolving Commitment fees hereunder.

(f)            Borrower hereby authorizes
Administrative Agent to charge Borrower’s accounts with Administrative Agent in
order to cause timely payment to be made to Administrative Agent of all
principal, interest, fees and expenses due hereunder (subject to sufficient
funds being available in its accounts for that purpose).

(g)           Administrative Agent shall deem any
payment by or on behalf of Borrower hereunder that is not made in same day
funds prior to 12:00 p.m. (New York City time) to

 53
 

 

be a nonconforming
payment.  Any such payment shall not be
deemed to have been received by Administrative Agent until the later of (i) the
time such funds become available funds, and (ii) the applicable next Business
Day.  Administrative Agent shall give
prompt telephonic notice to Borrower and each applicable Lender (confirmed in
writing) if any payment is nonconforming. 
Any nonconforming payment may constitute or become a Default or Event of
Default in accordance with the terms of Section 7.1(a).  Interest shall continue to accrue on any
principal as to which a nonconforming payment is made until such funds become
available funds (but in no event less than the period from the date of such
payment to the next succeeding applicable Business Day) at the rate determined
pursuant to Section 2.10 from the date such amount was due and payable
until the date such amount is paid in full.

(h)           If an Event of Default shall have
occurred and not otherwise been waived, and the maturity of the Obligations
shall have been accelerated pursuant to Section 7.1, all payments or
proceeds received by Agents hereunder in respect of any of the Obligations
shall be applied in accordance with the application arrangements described in
Section 6.4 of the Guaranty and Collateral Agreement.

2.17        Ratable Sharing.  Lenders hereby agree among themselves that,
except as otherwise provided in the Security Documents with respect to amounts
realized from the exercise of rights with respect to Liens on the Collateral,
if any of them shall, whether by voluntary payment (other than a voluntary
prepayment of Loans made and applied in accordance with the terms hereof),
through the exercise of any right of set-off or banker’s lien, by counterclaim
or cross action or by the enforcement of any right under the Loan Documents or
otherwise, or as adequate protection of a deposit treated as cash collateral
under the Bankruptcy Code, receive payment or reduction of a proportion of the
aggregate amount of principal, interest, amounts payable in respect of Letters
of Credit, fees and other amounts then due and owing to such Lender hereunder
or under the other Loan Documents (collectively, the “Aggregate Amounts Due” to such Lender) that
is greater than the proportion received by any other Lender in respect of the
Aggregate Amounts Due to such other Lender, then the Lender receiving such
proportionately greater payment shall (a) notify Administrative Agent and each
other Lender of the receipt of such payment, and (b) apply a portion of such
payment to purchase participations (which it shall be deemed to have purchased
from each seller of a participation simultaneously on the receipt by such
seller of its portion of such payment) in the Aggregate Amounts Due to the
other Lenders so that all such recoveries of Aggregate Amounts Due shall be
shared by all Lenders in proportion to the Aggregate Amounts Due to them; provided that, if all or part of such proportionately
greater payment received by such purchasing Lender is thereafter recovered from
such Lender upon the bankruptcy or reorganization of Borrower or otherwise,
those purchases shall be rescinded and the purchase prices paid for such
participations shall be returned to such purchasing Lender ratably to the
extent of such recovery, but without interest. 
Borrower expressly consents to the foregoing arrangement and agrees that
any holder of a participation so purchased may exercise any and all rights of
banker’s lien, set-off or counterclaim with respect to any and all monies owing
by Borrower to that holder with respect thereto as fully as if that holder were
owed the amount of the participation held by that holder.

2.18        Making or Maintaining Eurodollar Rate
Loans.

(a)           Inability to Determine Applicable
Interest Rate.  In the event that
Administrative Agent shall have determined (which determination shall be final
and conclusive and binding on all parties hereto), on any Interest Rate
Determination Date with respect to any Eurodollar Rate Loans, that by reason of
circumstances affecting the London interbank market adequate and fair means do
not exist for ascertaining the interest rate applicable to such Loans on the

 54
 

 

basis provided for in the
definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date
give notice (by telefacsimile or by telephone confirmed in writing) to Borrower
and each Lender of such determination, whereupon (i) Loans requested to be made
as, or converted to, Eurodollar Rate Loans shall be made or continued as Base
Rate Loans until such time as Administrative Agent notifies Borrower and
Lenders that the circumstances giving rise to such notice no longer exist, and
(ii) any Funding Notice or Conversion/Continuation Notice given by Borrower
with respect to the Loans in respect of which such determination was made shall
be deemed to be a request for the making or continuing of Base Rate Loans.

(b)           Illegality or Impracticability of
Eurodollar Rate Loans.  In the event
that on any date any Lender shall have determined (which determination shall be
final and conclusive and binding on all parties hereto but shall be made only
after consultation with Borrower and Administrative Agent) that the making,
maintaining or continuation of its Eurodollar Rate Loans (i) has become
unlawful as a result of compliance by such Lender in good faith with any law,
treaty, governmental rule, regulation, guideline or order (or would conflict
with any such treaty, governmental rule, regulation, guideline or order not
having the force of law even though the failure to comply therewith would not
be unlawful), or (ii) has become impracticable, as a result of contingencies
occurring after the date hereof that materially and adversely affect the London
interbank market or the position of such Lender in that market, then, and in
any such event, such Lender shall be an “Affected
Lender” and it shall on that day give notice (by telefacsimile or by
telephone confirmed in writing) to Borrower and Administrative Agent of such
determination (which notice Administrative Agent shall promptly transmit to
each other Lender).  Thereafter (1) the
obligation of the Affected Lender to make Loans as, or to convert Loans to,
Eurodollar Rate Loans shall be suspended until such notice shall be withdrawn
by the Affected Lender, (2) to the extent such determination by the Affected
Lender relates to a Eurodollar Rate Loan then being requested by Borrower
pursuant to a Funding Notice or a Conversion/Continuation Notice, the Affected
Lender shall make such Loan as (or continue such Loan as or convert such Loan
to, as the case may be) a Base Rate Loan, (3) the Affected Lender’s obligation
to maintain its outstanding Eurodollar Rate Loans (the “Affected Loans”) shall be terminated at the
earlier to occur of the expiration of the Interest Period then in effect with
respect to the Affected Loans or when required by law, and (4) the Affected
Loans shall automatically convert into Base Rate Loans on the date of such
termination.  Notwithstanding the
foregoing, to the extent a determination by an Affected Lender as described
above relates to a Eurodollar Rate Loan then being requested by Borrower
pursuant to a Funding Notice or a Conversion/Continuation Notice, Borrower
shall have the option, subject to the provisions of Section 2.18(c), to
rescind such Funding Notice or Conversion/Continuation Notice as to all Lenders
by giving notice (by telefacsimile or by telephone confirmed in writing) to
Administrative Agent of such rescission on the date on which the Affected
Lender gives notice of its determination as described above (which notice of
rescission Administrative Agent shall promptly transmit to each other
Lender).  Except as provided in the immediately
preceding sentence, nothing in this Section 2.18(b) shall affect the
obligation of any Lender other than an Affected Lender to make or maintain
Loans as, or to convert Loans to, Eurodollar Rate Loans in accordance with the
terms hereof.

(c)           Compensation for Breakage or Non
Commencement of Interest Periods. 
Borrower shall compensate each Lender, upon written request by such
Lender (which request shall set forth the basis for requesting such amounts),
for all reasonable losses, expenses and liabilities (including any interest
paid by such Lender to Lenders of funds borrowed by it to make or carry its
Eurodollar Rate Loans and any loss, expense or liability sustained by such
Lender in connection with the liquidation or re-employment of such funds but
excluding loss of anticipated profits) that such Lender may sustain:  (i) if for any reason (other than a default
by such Lender) a borrowing of any Eurodollar Rate Loan does not occur on a
date specified therefor in a Funding

 55
 

 

Notice or a telephonic
request for borrowing, or a conversion to or continuation of any Eurodollar
Rate Loan does not occur on a date specified therefor in a
Conversion/Continuation Notice or a telephonic request for conversion or
continuation; (ii) if any prepayment or other principal payment of, or any
conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the
last day of an Interest Period applicable to that Loan; or (iii) if any
prepayment of any of its Eurodollar Rate Loans is not made on any date
specified in a notice of prepayment given by Borrower.

(d)           Booking of Eurodollar Rate Loans.  Any Lender may make, carry or transfer
Eurodollar Rate Loans at, to, or for the account of any of its branch offices
or the office of an Affiliate of such Lender.

(e)           Assumptions Concerning Funding of
Eurodollar Rate Loans.  Calculation
of all amounts payable to a Lender under this Section 2.18 and under Section
2.19 shall be made as though such Lender had actually funded each of its
relevant Eurodollar Rate Loans through the purchase of a Eurodollar deposit
bearing interest at the rate obtained pursuant to clause (i) of the definition
of Adjusted Eurodollar Rate in an amount equal to the amount of such Eurodollar
Rate Loan and having a maturity comparable to the relevant Interest Period and
through the transfer of such Eurodollar deposit from an offshore office of such
Lender to a domestic office of such Lender in the United States of America; provided that, each Lender may fund each of its Eurodollar Rate Loans in
any manner it sees fit and the foregoing assumptions shall be utilized only for
the purposes of calculating amounts payable under this Section 2.18 and
under Section 2.19.

2.19        Increased Costs; Capital Adequacy.

(a)           Compensation For Increased Costs
and Taxes.  Subject to the provisions
of Section 2.20 (which shall be controlling with respect to the matters
covered thereby), in the event that any Lender (which term shall include
Issuing Bank for purposes of this Section 2.19(a)) shall determine
(which determination shall, absent manifest error, be final and conclusive and
binding on all parties hereto) that any law, treaty or governmental rule,
regulation or order, or any change therein or in the interpretation,
administration or application thereof (including the introduction of any new
law, treaty or governmental rule, regulation or order), or any determination of
a court or governmental authority, in each case that becomes effective after
the date hereof, or compliance by such Lender with any guideline, request or
directive issued or made after the date hereof by any central bank or other
governmental or quasi governmental authority (whether or not having the force
of law):  (i) subjects such Lender (or
its applicable lending office) to any additional Tax (other than any Tax on the
overall net income of such Lender) with respect to this Agreement or any of the
other Loan Documents or any of its obligations hereunder or thereunder or any
payments to such Lender (or its applicable lending office) of principal,
interest, fees or any other amount payable hereunder; (ii) imposes, modifies or
holds applicable any reserve (including any marginal, emergency, supplemental,
special or other reserve), special deposit, compulsory loan, FDIC insurance or
similar requirement against assets held by, or deposits or other liabilities in
or for the account of, or advances or loans by, or other credit extended by, or
any other acquisition of funds by, any office of such Lender (other than any
such reserve or other requirements with respect to Eurodollar Rate Loans that
are reflected in the definition of Adjusted Eurodollar Rate); or (iii) imposes
any other condition (other than with respect to a Tax matter) on or affecting
such Lender (or its applicable lending office) or its obligations hereunder or
the London interbank market; and the result of any of the foregoing is to
increase the cost to such Lender of agreeing to make, making or maintaining
Loans hereunder or to reduce any amount received or receivable by such Lender
(or its applicable lending office) with respect thereto; then, in any such
case, Borrower shall promptly pay to such Lender, upon receipt of the statement
referred to in the

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next sentence, such additional amount or amounts (in
the form of an increased rate of, or a different method of calculating,
interest or otherwise as such Lender in its sole discretion shall determine) as
may be necessary to compensate such Lender for any such increased cost or
reduction in amounts received or receivable hereunder.  Such Lender shall deliver to Borrower (with a
copy to Administrative Agent) a written statement, setting forth in reasonable
detail the basis for calculating the additional amounts owed to such Lender
under this Section 2.19(a), which statement shall be conclusive and
binding on all parties hereto absent manifest error.

(b)           Capital Adequacy Adjustment.  In the event that any Lender (which term
shall include Issuing Bank for purposes of this Section 2.19(b)) shall
have determined that the adoption, effectiveness, phase in or applicability
after the Closing Date of any law, rule or regulation (or any provision
thereof) regarding capital adequacy, or any change therein or in the
interpretation or administration thereof by any Governmental Authority, central
bank or comparable agency charged with the interpretation or administration
thereof, or compliance by any Lender (or its applicable lending office) with
any guideline, request or directive regarding capital adequacy (whether or not
having the force of law) of any such Governmental Authority, central bank or
comparable agency, has or would have the effect of reducing the rate of return
on the capital of such Lender or any corporation controlling such Lender as a
consequence of, or with reference to, such Lender’s Loans or Revolving
Commitments or Letters of Credit, or participations therein or other
obligations hereunder with respect to the Loans or the Letters of Credit to a
level below which such Lender or such controlling corporation could have
achieved but for such adoption, effectiveness, phase in, applicability, change
or compliance (taking into consideration the policies of such Lender or such
controlling corporation with regard to capital adequacy), then from time to
time, within five Business Days after receipt by Borrower from such Lender of
the statement referred to in the next sentence, Borrower shall pay to such
Lender such additional amount or amounts as will compensate such Lender or such
controlling corporation on an after tax basis for such reduction.  Such Lender shall deliver to Borrower (with a
copy to Administrative Agent) a written statement, setting forth in reasonable
detail the basis for calculating the additional amounts owed to Lender under
this Section 2.19(b), which statement shall be conclusive and
binding on all parties hereto absent manifest error.

2.20        Taxes; Withholding, Etc.

(a)           Payments to Be Free and Clear.  All sums payable by any Loan Party hereunder
and under the other Loan Documents shall (except to the extent required by law)
be paid free and clear of, and without any deduction or withholding on account
of, any Tax (other than a Tax on the overall net income of any Lender) imposed,
levied, collected, withheld or assessed by or within the United States of
America or any political subdivision in or of the United States of America or
any other jurisdiction from or to which a payment is made by or on behalf of
any Loan Party or by any federation or organization of which the United States
of America or any such jurisdiction is a member at the time of payment.

(b)           Withholding of Taxes.  If any Loan Party or any other Person is
required by law to make any deduction or withholding on account of any such Tax
from any sum paid or payable by any Loan Party to Administrative Agent or any
Lender (which term shall include Issuing Bank for purposes of this Section
2.20(b)) under any of the Loan Documents: 
(i) Borrower shall notify Administrative Agent of any such requirement
or any change in any such requirement as soon as Borrower becomes aware of it;
(ii) Borrower shall pay any such Tax before the date on which penalties attach
thereto, such payment to be made (if the liability to pay is imposed on any
Loan Party) for its own account or (if that liability is imposed on
Administrative Agent or such Lender, as the case may be) on behalf of and in
the name of Administrative Agent or such Lender;

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(iii) the sum payable by such Loan Party in respect of
which the relevant deduction, withholding or payment is required shall be
increased to the extent necessary to ensure that, after the making of that
deduction (including deductions applicable to additional sums payable under
this Section), withholding or payment, Administrative Agent or such Lender, as
the case may be, receives on the due date a net sum equal to what it would have
received had no such deduction, withholding or payment been required or made;
and (iv) within 30 days after paying any sum from that it is required by law to
make any deduction or withholding, and within 30 days after the due date of
payment of any Tax which it is required by clause (ii) above to pay, Borrower
shall deliver to Administrative Agent evidence satisfactory to the other
affected parties of such deduction, withholding or payment and of the
remittance thereof to the relevant taxing or other authority; provided that, no such additional amount
shall be required to be paid to any Lender under clause (iii) above except to
the extent that any change after the date hereof (in the case of each Lender
party hereto on the Closing Date) or after the effective date of the Assignment
Agreement pursuant to which such Lender became a Lender (in the case of each
other Lender) in any such requirement for a deduction, withholding or payment
as is mentioned therein shall result in an increase in the rate of such
deduction, withholding or payment from that in effect at the date hereof or at
the date of such Assignment Agreement, as the case may be, in respect of
payments to such Lender.

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

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

(e)           Evidence of Exemption From U.S.
Withholding Tax.  Each Lender that is
not a United States Person (as such term is defined in Section 7701(a)(30) of
the Code) for U.S. federal income tax purposes (a “Non-US Lender”) and that is entitled to an exemption from or a
reduction of withholding tax shall deliver to Administrative Agent for
transmission to Borrower, on or prior to the Closing Date (in the case of each
Lender party hereto on the Closing Date) or on or prior to the date of the
Assignment Agreement pursuant to which it becomes a Lender (in the case of each
other Lender), and at such other times as may be necessary in the determination
of Borrower or Administrative Agent (each in the reasonable exercise of its
discretion), (i) two original copies of Internal Revenue Service Form W-8ECI or
W-8BEN, as the case may be (or any successor forms), properly completed and
duly executed by such Lender, and such other documentation required under the
Code and reasonably requested by Borrower to establish that

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such Lender is exempt
from or subject to a reduced rate of withholding of United States federal
income tax with respect to any payments to such Lender of principal, interest,
fees or other amounts payable under any of the Loan Documents, or (ii) if such
Lender is not a “bank” or other Person described in Section 881(c)(3) of the
Code and is claiming exemption from withholding of United States federal income
tax under Section 871(h) or 881(c) of the Code, a Certificate Re Non-Bank
Status together with two original copies of Internal Revenue Service Form
W-8BEN (or any successor form), properly completed and duly executed by such
Lender, and such other documentation required under the Code and reasonably
requested by Borrower to establish that such Lender is not subject to deduction
or withholding of United States federal income tax with respect to any payments
to such Lender of interest payable under any of the Loan Documents.  Each Lender required to deliver any forms,
certificates or other evidence with respect to United States federal income tax
withholding matters pursuant to this Section 2.20(e) hereby agrees, from
time to time after the initial delivery by such Lender of such forms,
certificates or other evidence, whenever a lapse in time or change in
circumstances renders such forms, certificates or other evidence obsolete or
inaccurate in any material respect, that such Lender shall deliver to
Administrative Agent for transmission to Borrower two new original copies of
Internal Revenue Service Form W-8ECI or Form W-8BEN, or a Certificate Re
Non-Bank Status and two original copies of Internal Revenue Service Form
W-8BEN, as the case may be, properly completed and duly executed by such
Lender, and such other documentation required under the Code and reasonably
requested by Borrower to confirm or establish that such Lender is exempt from
or subject to a reduced rate of withholding of United States federal income tax
with respect to payments to such Lender under the Loan Documents, or notify
Administrative Agent and Borrower of its inability to deliver any such forms,
certificates or other evidence.  Borrower
shall not be required to pay any additional amount to any Non-US Lender under Section
2.20(b)(iii) if such Lender shall have failed (1) to deliver the forms,
certificates or other evidence referred to in the second sentence of this Section
2.20(e), or (2) to notify Administrative Agent and Borrower of its
inability to deliver any such forms, certificates or other evidence, as the
case may be; provided that, if
such Lender shall have satisfied the requirements of the first sentence of this
Section 2.20(e) on or prior to the Closing Date (including under this
Agreement prior to giving effect to the amendment and restatement hereof), on
or prior to the date a New Term Loan is advanced by such Lender or on the date
of the Assignment Agreement pursuant to which it became a Lender, as
applicable, nothing in this last sentence of Section 2.20(e) shall
relieve Borrower of its obligation to pay any additional amounts pursuant this Section
2.20 in the event that, as a result of any change in any applicable law,
treaty or governmental rule, regulation or order, or any change in the
interpretation, administration or application thereof, such Lender is no longer
properly entitled to deliver forms, certificates or other evidence at a
subsequent date establishing the fact that such Lender is not subject to
withholding as described herein.

(f)            Obligation to Mitigate.  Each Lender (which term shall include Issuing
Bank for purposes of this Section 2.20) agrees that, as promptly as
practicable after the officer of such Lender responsible for administering its
Loans or Letters of Credit, as the case may be, becomes aware of the occurrence
of an event or the existence of a condition that would cause such Lender to
become an Affected Lender or that would entitle such Lender to receive payments
under Section 2.17, 2.18, or 2.19, it will, to the extent
not inconsistent with the internal policies of such Lender and any applicable
legal or regulatory restrictions, use reasonable efforts to (a) make, issue,
fund or maintain its Credit Extensions, including any Affected Loans, through
another office of such Lender, or (b) take such other measures as such Lender
may deem reasonable, if as a result thereof the circumstances that would cause
such Lender to be an Affected Lender would cease to exist or the additional
amounts that would otherwise be required to be paid to such Lender pursuant to Section
2.17, 2.18, or 2.19 would be materially reduced and if, as
determined by such Lender in its sole discretion, the making, issuing, funding
or maintaining of such Revolving Commitments, Loans or Letters of Credit
through such other office or in accordance with such other measures, as the
case may be, would not otherwise adversely affect such Revolving Commitments,
Loans or Letters of Credit or the interests of such Lender; provided that, such Lender will not be
obligated to utilize such other office pursuant to this Section 2.20
unless Borrower agrees to pay all incremental expenses incurred by such Lender
as a result of utilizing such other office as described in clause (i)
above.  A certificate as to the amount of
any such expenses payable by Borrower pursuant to this Section 2.20
(setting forth in reasonable detail the basis for

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requesting such amount) submitted by such Lender to
Borrower (with a copy to Administrative Agent) shall be conclusive absent
manifest error.

(g)           Defaulting Lenders.  Anything contained herein to the contrary
notwithstanding, in the event that any Lender, other than at the direction or
request of any regulatory agency or authority, defaults (a “Defaulting Lender”) in its obligation to
fund (a “Funding Default”) any
Revolving Loan or its portion of any unreimbursed payment under Section
2.3(b)(iv) or 2.4(e) (in each case, a “Defaulted Loan”), then (a) during any Default Period with
respect to such Defaulting Lender, such Defaulting Lender shall be deemed not
to be a “Lender” for purposes of voting on any matters (including the granting
of any consents or waivers) with respect to any of the Loan Documents; (b) to
the extent permitted by applicable law (except as provided in the last sentence
of this Section 2.20), until such time as the Default Excess with
respect to such Defaulting Lender shall have been reduced to zero, (i) any
voluntary prepayment of the Revolving Loans shall, if Borrower so directs at
the time of making such voluntary prepayment, be applied to the Revolving Loans
of other Lenders as if such Defaulting Lender had no Revolving Loans
outstanding and the Revolving Loan Exposure of such Defaulting Lender were zero,
and (ii) any mandatory prepayment of the Revolving Loans shall, if Borrower so
directs at the time of making such mandatory prepayment, be applied to the
Revolving Loans of other Lenders (but not to the Revolving Loans of such
Defaulting Lender) as if such Defaulting Lender had funded all Defaulted Loans
of such Defaulting Lender, it being understood and agreed that Borrower shall
be entitled to retain any portion of any mandatory prepayment of the Revolving
Loans that is not paid to such Defaulting Lender solely as a result of the
operation of the provisions of this clause (b); (c) such Defaulting Lender’s
Revolving Commitment and outstanding Revolving Loans and such Defaulting
Lender’s Pro Rata Share of the Letter-of-Credit Usage shall be excluded for purposes
of calculating the Revolving Commitment fee payable to Lenders in respect of
any day during any Default Period with respect to such Defaulting Lender, and
such Defaulting Lender shall not be entitled to receive any Revolving
Commitment fee pursuant to Section 2.11 with respect to such Defaulting
Lender’s Revolving Commitment in respect of any Default Period with respect to
such Defaulting Lender; and (d) the Total Utilization of Revolving Commitments
as at any date of determination shall be calculated as if such Defaulting
Lender had funded all Defaulted Loans of such Defaulting Lender.  No Revolving Commitment of any Lender shall
be increased or otherwise affected, and, except as otherwise expressly provided
in this Section 2.20, performance by Borrower of its obligations
hereunder and the other Loan Documents shall not be excused or otherwise
modified as a result of any Funding Default or the operation of this Section
2.20.  The rights and remedies
against a Defaulting Lender under this Section 2.20 are in addition to
other rights and remedies that Borrower may have against such Defaulting Lender
with respect to any Funding Default and that Administrative Agent, Issuing
Bank, Swingline Lender or any other Lender may have against such Defaulting
Lender with respect to any Funding Default. 
Notwithstanding the foregoing, in the event of a failure of a Defaulting
Lender to make payments owed hereunder to Administrative Agent, the Issuing
Bank or the Swingline Lender, Borrower shall be required to make all payments
it would be required to make hereunder if there was no Defaulting Lender, and
Administrative Agent, may apply all amounts that otherwise would have been
payable to the Defaulting Lender under the Loan Documents to Administrative
Agent, Issuing Bank or Swingline Lender, as the case may be, until the Default
Excess with respect to such Defaulting Lender shall have been reduced to zero.

2.21        Removal or Replacement of a Lender.  Anything contained herein to the contrary
notwithstanding, in the event that:  (a)
(i) any Lender (an “Increased-Cost Lender”)
shall give notice to Borrower that such Lender is an Affected Lender or that
such Lender is entitled to receive payments under Section 2.18, 2.19
or 2.20, (ii) the circumstances that have caused such Lender to be an
Affected Lender or that entitle such Lender to receive such payments shall
remain

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in effect, and (iii) such Lender shall fail to
withdraw such notice within five Business Days after Borrower’s request for
such withdrawal; (b) (i) any Lender shall become a Defaulting Lender, (ii) the
Default Period for such Defaulting Lender shall remain in effect, and (iii)
such Defaulting Lender shall fail to cure the default as a result of which it
has become a Defaulting Lender within five Business Days after Borrower’s
request that it cure such default; or (c) in connection with any proposed
amendment, modification, termination, waiver or consent with respect to any of
the provisions hereof as contemplated by Section 9.5(b) or 9.5(c),
the consent of Requisite Lenders shall have been obtained but the consent of
one or more of such other Lenders (each a “Nonconsenting
Lender”) whose consent is required shall not have been obtained;
then, with respect to each such Increased-Cost Lender, Defaulting Lender or
Nonconsenting Lender (the “Terminated Lender”),
Borrower may, by giving written notice to Administrative Agent and any
Terminated Lender of its election to do so, elect to cause such Terminated
Lender (and such Terminated Lender hereby irrevocably agrees) to assign (i) in
the case of an Increased-Cost Lender or Defaulting Lender, all of its
outstanding Loans and its Revolving Commitments, if any, in full and (ii) in
the case of a Nonconsenting Lender where the consent of (x) all Loans and
Commitments is required, all of such Nonconsenting Lender’s Loans and
Commitments, in full or (y) all Loans and Commitments (if any) of a particular
Class is required, all of such Nonconsenting Lender’s Loans and Commitments of
the particular Class for which consent is so required, in full, in each case,
to one or more Eligible Assignees (each a “Replacement
Lender”) reasonably acceptable to Administrative Agent in accordance
with the provisions of Section 9.6, and Terminated Lender shall pay any
fees payable thereunder in connection with such assignment; provided that, (1) on the date of such
assignment, the Replacement Lender shall pay to Terminated Lender an amount
equal to the sum of (A) an amount equal to the principal of, and all accrued
interest on, (x) in the case of a Defaulting Lender, Increased-Cost Lender or
Nonconsenting Lender where the consent of all Loans and Commitments is
required, all outstanding Loans of the Terminated Lender and (y) in the case of
a Nonconsenting Lender where the consent of all Loans and Commitments (if any)
of a particular Class is required, all outstanding Loans of the particular
Class for which consent is so required held by the Nonconsenting Lender, (B)
(x) in the case of a Defaulting Lender, Increased-Cost Lender or Nonconsenting
Lender where the consent of all Loans and Commitments is required, an amount
equal to all unreimbursed drawings under Letters of Credit that have been
funded by such Terminated Lender, together with all then unpaid interest with
respect thereto at such time, and (y) in the case of a Nonconsenting Lender
where the consent of Revolving Lenders is required, an amount equal to all
unreimbursed drawings under Letters of Credit that have been funded by such
Terminated Lender, together with all then unpaid interest with respect thereto
at such time and (C) (x) in the case of a Defaulting Lender, Increased-Cost
Lender or Nonconsenting Lender where the consent of all Loans and Commitments
is required, an amount equal to all accrued, but theretofore unpaid fees owing
to such Terminated Lender pursuant to Section 2.11 and (y) in the case
of a Nonconsenting Lender where the consent of all Loans and Commitments (if
any) of a particular Class is required, an amount equal to all accrued, but
theretofore unpaid fees with respect to the particular Class owing to such
Terminated Lender pursuant to Section 2.11; (2) on the date of such
assignment, Borrower shall pay any amounts payable to such Terminated Lender
pursuant to Section 2.18(c), 2.19 or 2.20, or otherwise as
if it were a prepayment; and (3) in the event such Terminated Lender is a
Nonconsenting Lender, each Replacement Lender shall consent, at the time of
such assignment, to each matter in respect of which such Terminated Lender was
a Nonconsenting Lender; provided further
that, Borrower may not make such election with respect to any Terminated Lender
that is also an Issuing Bank unless, prior to the effectiveness of such
election, Borrower shall have caused each outstanding Letter of Credit issued
thereby to be cancelled.  Upon the
prepayment of all amounts owing to any Terminated Lender and the termination of
such Terminated Lender’s Revolving Commitments, if any, such Terminated Lender
shall no longer constitute a “Lender” for purposes hereof; provided that, any rights of such
Terminated Lender to indemnification hereunder shall

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survive as to such Terminated Lender.  In the event any Terminated Lender fails to
execute the agreements required under Section 9.6 in connection with an
assignment pursuant to this Section 2.21, Borrower may, upon three
Business Days prior notice to such Terminated Lender, execute such agreements
on behalf of such Terminated Lender, and any such agreements so executed by
Borrower, the Replacement Lender and Administrative Agent shall be effective for
purposes of this Section 2.21 and for Section 9.6.

SECTION
3.         CONDITIONS PRECEDENT

3.1          Closing Date.  The obligation of any Lender to make a Credit
Extension on the Closing Date and the effectiveness of the amendment and
restatement provided for in this Agreement is subject to the satisfaction, or
waiver in accordance with Section 9.5, of the following conditions on or
before the Closing Date:

(a)           Loan Documents.  Administrative Agent shall have received (i)
(x) an executed copy of this Agreement executed by Holdings and each Loan
Party, (y) an executed copy of the Guaranty and Collateral Agreement
Reaffirmation executed by Borrower and each Guarantor under the Guaranty and
Collateral Agreement and (z) an executed copy of the Guaranty and Pledge
Agreement Reaffirmation executed by Holdings and acknowledged by Borrower, and
(ii) consents from all lenders and the issuing bank under the Fourth Restated
Credit Agreement necessary to amend and restate the Fourth Restated Credit
Agreement.

(b)           Organizational Documents;
Incumbency.  Administrative Agent
shall have received (i) a copy of each Organizational Document of Holdings and
each Loan Party, and, to the extent applicable, certified as of a recent date
by the appropriate governmental official, each dated the Closing Date or a
recent date prior thereto; (ii) signature and incumbency certificates of the
officers of such Person executing the Loan Documents to which it is a party;
(iii) resolutions of the board of directors or similar governing body of
Holdings and each Loan Party approving and authorizing the execution, delivery
and performance of this Agreement and the other Loan Documents to which it is a
party or by which it or its assets may be bound as of the Closing Date,
certified as of the Closing Date by its secretary or an assistant secretary as
being in full force and effect without modification or amendment; (iv) such
good standing certificates as Administrative Agent may request from the
applicable Governmental Authority of Holdings and each Loan Party’s jurisdiction
of incorporation, organization or formation and in each jurisdiction in which
it is qualified as a foreign corporation or other entity to do business, each
dated a recent date prior to the Closing Date; and (v) such other documents as
Administrative Agent may reasonably request.

(c)           Organizational and Capital
Structure.  The organizational
structure and capital structure of Borrower and its Subsidiaries, both before
and after giving effect to the transactions to occur on the Closing Date, shall
be as set forth on Schedule 4.15.

(d)           Existing Indebtedness.  On the Closing Date, Administrative Agent
shall have received evidence satisfactory to it that, after giving effect to
the transactions contemplated by the Loan Documents, Borrower and its Subsidiaries
shall have no Indebtedness other than the Indebtedness under the Loan Documents
and otherwise as permitted under Section 6.2.

(e)           Transaction Costs.  On or prior to the Closing Date, Borrower
shall have paid or made provision for the payment of the Transaction Costs.

(f)            Governmental Authorizations and
Consents.  Each Loan Party and
Holdings shall have obtained all Governmental Authorizations and all consents
of other Persons, in each case that are necessary or advisable in connection
with the transactions contemplated by the

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Loan Documents, and each
of the foregoing shall be in full force and effect and in form and substance
reasonably satisfactory to Administrative Agent.  All applicable waiting periods shall have
expired without any action being taken or threatened by any competent authority
that would restrain, prevent or otherwise impose adverse conditions on the
transactions contemplated by the Loan Documents, the other Closing Date
Transactions or the financing thereof and no action, request for stay, petition
for review or rehearing, reconsideration, or appeal with respect to any of the
foregoing shall be pending, and the time for any applicable agency to take
action to set aside its consent on its own motion shall have expired.

(g)           Title Policy Endorsements.  On or prior to the Closing Date,
Administrative Agent shall have received the written confirmation of the
issuers of the Existing Title Policies (except in those states where such
confirmation is not available as a matter of law or insurance regulation) that
the Existing Title Policies will not be impaired or affected in any adverse
respect by the transactions contemplated by this Agreement.

(h)           Personal Property Collateral.  To create in favor of Administrative Agent,
for the benefit of Secured Parties, a valid, perfected First Priority security
interest in the personal property Collateral, Administrative Agent shall have
received:

(i)        evidence
satisfactory to Administrative Agent of the compliance by each Loan Party and
Holdings with their obligations under the Guaranty and Collateral Agreement and
the other Security Documents (including their obligations to execute and
deliver UCC financing statements, originals of securities, instruments and
chattel paper and any agreements governing deposit or securities accounts, in
each case, to the extent required therein);

(ii)       the
results of a recent search, by a Person satisfactory to Administrative Agent,
of all effective UCC financing statements (or equivalent filings) made with
respect to any personal or mixed property of Holdings and any Loan Party in the
jurisdictions applicable to Holdings and such Loan Party, together with copies
of all such filings disclosed by such search, and (B) amendments to UCC
financing statements (or similar documents) for filing in all applicable
jurisdictions as may be necessary to give effect to assignments of the
applicable UCC financing statements (or equivalent filings) disclosed in such
search (other than any such financing statements in respect of Permitted Liens);

(iii)      evidence
that each Loan Party and Holdings shall have taken or caused to be taken any
other action, executed and delivered or caused to be executed and delivered any
other agreement, document and instrument (including any Intercompany Notes evidencing
Indebtedness permitted to be incurred pursuant to Section 6.2(b)) and
made or caused to be made any other filing and recording (other than as set
forth herein) reasonably required by Administrative Agent.

(i)            Evidence of Insurance.  Administrative Agent shall have received a
certificate from Borrower’s insurance broker or other evidence satisfactory to
it that all insurance required to be maintained pursuant to Section 5.5
is in full force and effect and that Administrative Agent, for the benefit of
Secured Parties, has been named as additional insured or loss payee, as
applicable, thereunder to the extent required under Section 5.5.

(j)            Opinions of Counsel to Loan
Parties and Holdings.  Administrative
Agent and Lenders and their respective counsel shall have received originally
executed copies of the favorable written opinions of each of (i) Hogan &
Hartson L.L.P., counsel for the Loan Parties

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and Holdings, in form
satisfactory to Administrative Agent, and (ii) Bass, Berry & Simms PLC as
to such other matters as Administrative Agent may reasonably request, dated as
of the Closing Date and otherwise in form and substance reasonably satisfactory
to Administrative Agent (and each Loan Party and Holdings hereby instructs such
counsel to deliver such opinions to Agents and Lenders).

(k)           Fees.  Borrower shall have paid to Agents, the fees
payable on the Closing Date referred to in Section 2.11(d).

(l)            Solvency Certificate.  On the Closing Date, Administrative Agent
shall have received a Solvency Certificate from Borrower, dated the Closing
Date, and addressed to Administrative Agent and Lenders, in form, scope and
substance satisfactory to Administrative Agent, demonstrating that after giving
effect to the consummation of the transactions to occur on the Closing Date,
Borrower and its Subsidiaries are and will be Solvent.

(m)          Closing Date Certificate.  Borrower shall have delivered to
Administrative Agent an originally executed Closing Date Certificate, together
with all attachments thereto.

(n)           Credit Rating.  The credit facilities provided for under this
Agreement shall have been assigned a credit rating by S&P and Moody’s.

(o)           No Litigation.  There shall not exist any action, suit,
investigation, litigation or proceeding or other legal or regulatory developments,
pending or threatened in any court or before any arbitrator or Governmental
Authority that, in the opinion of Administrative Agent, singly or in the
aggregate, could reasonably be expected to restrain, prevent or impose
materially burdensome conditions on any of the Closing Date Transactions, the
financing thereof or any of the other transactions contemplated by the Loan
Documents or that could have a Material Adverse Effect.

(p)           No Material Adverse Effect.  Since December 29, 2005, there shall not have
occurred a Material Adverse Effect and there shall have been no development or
event that could reasonably be expected to have a Material Adverse Effect.

(q)           Information for Regulators.  Administrative Agent shall have received,
sufficiently in advance of the Closing Date, all documentation and other
information required by Governmental Authorities under applicable “know your
customer” and anti-money-laundering rules and regulations, including the
Patriot Act.

(r)            Completion of Proceedings.  All partnership, corporate and other
proceedings taken or to be taken in connection with the transactions
contemplated hereby and all documents incidental thereto shall be satisfactory
in form and substance to Administrative Agent and such counsel, and
Administrative Agent and such counsel shall have received all such counterpart
originals or certified copies of such documents as Administrative Agent may
reasonably request.

(s)           Closing Date Representations and
Warranties.

(i)        As of
the Closing Date, the representations and warranties contained herein and in
the other Loan Documents shall be true and correct in all material respects on
and as of the Closing Date, except to the extent such representations and
warranties

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specifically
relate to an earlier date, in which case such representations and warranties
shall have been true and correct in all material respects on and as of such
earlier date.

(ii)       As of
the Closing Date, no event shall have occurred and be continuing or would
result from the consummation of the transactions contemplated by this Agreement
on the Closing Date that would constitute an Event of Default or a Default.

Each Lender, by delivering its signature page to this
Agreement and funding a Loan on the Closing Date, shall be deemed to have
acknowledged receipt of, and consented to and approved, each Loan Document and
each other document required to be approved by any Agent, Requisite Lenders or
Lenders, as applicable on the Closing Date.

3.2          Conditions to Each Credit Extension.

(a)           Conditions Precedent.  The obligation of each Lender to make any
Loan, or Issuing Bank to issue any Letter of Credit, on any Credit Date,
including the Closing Date, are subject to the satisfaction, or waiver in
accordance with Section 9.5, of the following conditions precedent:

(i)        Administrative
Agent shall have received a fully executed and delivered Funding Notice or
Issuance Notice, as the case may be;

(ii)       after
making the Credit Extensions requested on such Credit Date, the Total
Utilization of Revolving Commitments shall not exceed the Revolving Commitments
then in effect;

(iii)      as of
such Credit Date, the representations and warranties contained herein and in
the other Loan Documents shall be true and correct in all material respects on
and as of that Credit Date to the same extent as though made on and as of that
date, except to the extent such representations and warranties specifically
relate to an earlier date, in which case such representations and warranties
shall have been true and correct in all material respects on and as of such
earlier date;

(iv)      as of
such Credit Date, no event shall have occurred and be continuing or would
result from the consummation of the applicable Credit Extension that would
constitute an Event of Default or a Default; and

(v)       on or
before the date of issuance of any Letter of Credit, Administrative Agent shall
have received all other information required by the applicable Issuance Notice,
and such other documents or information as Issuing Bank may reasonably require
in connection with the issuance of such Letter of Credit.

Any Agent shall be entitled, but not obligated to,
request and receive, prior to the making of any Credit Extension, additional
information reasonably satisfactory to the requesting party confirming the
satisfaction of any of the foregoing if, in the good faith judgment of such
Agent such request is warranted under the circumstances.

(b)           Notices.  Any Notice shall be executed by an Authorized
Officer in a writing delivered to Administrative Agent.  In lieu of delivering a Notice, Borrower may
give Administrative Agent telephonic notice by the required time of any
proposed borrowing, conversion/continuation or issuance of a Letter of Credit,
as the case may be; provided
that, each such

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notice shall be promptly
confirmed in writing by delivery of the applicable Notice to Administrative
Agent on or before the applicable date of borrowing, continuation/conversion or
issuance.  Neither Administrative Agent
nor any Lender shall incur any liability to Borrower in acting on any telephonic
notice referred to above that Administrative Agent believes in good faith to
have been given by an Authorized Officer or other person authorized on behalf
of Borrower or for otherwise acting in good faith.

SECTION
4.         REPRESENTATIONS AND WARRANTIES

To induce the Agents, Lenders and Issuing Bank to
enter into this Agreement and to make each Credit Extension hereunder, Borrower
represents and warrants to each Agent, Lender and Issuing Bank, on the Closing
Date and on each Credit Date, that the following statements are true and
correct:

4.1          Financial Condition.

(a)           The unaudited pro forma consolidated balance sheet of
Borrower and its consolidated Subsidiaries as at June 30, 2006 (the “Balance Sheet”), copies of which have been
furnished to each Lender, has been prepared giving effect (as if such events
had occurred on such date) to (i) the Loans outstanding after giving effect to
the Loans to be made on the Closing Date and the use of proceeds thereof, (ii)
the Closing Date Transactions, and (iii) the payment of estimated fees and
expenses in connection with the foregoing.

(b)           The audited consolidated balance
sheets of Borrower and its consolidated Subsidiaries as at Fiscal Year end
2005, 2004 and 2003, and the related consolidated statements of income and of
cash flows for such Fiscal Years, reported on and accompanied by an unqualified
report from KPMG LLP, present fairly the consolidated financial condition of
Borrower and its Subsidiaries as at such dates, and the consolidated results of
its operations and its consolidated cash flows for the respective Fiscal Years
then ended.  The unaudited consolidated
balance sheet of Borrower and its Subsidiaries as at June 30, 2006 and the related unaudited consolidated
statements of income and cash flows for the period ended on such date, present
fairly the consolidated financial condition of Borrower and its Subsidiaries as
at such date, and the consolidated results of its operations and its
consolidated cash flows for the period then ended (subject to normal year-end
audit adjustments).  All such financial
statements, including the related schedules and notes thereto (collectively,
the “Historical Financial Statements”),
have been prepared in accordance with GAAP applied consistently throughout the
periods involved.  As of the Closing
Date, Borrower and its Subsidiaries do not have any material Contingent
Obligations, contingent liabilities and liabilities for taxes, or any long-term
leases or unusual forward or long-term commitments, including any
interest rate or foreign currency swap or exchange transaction or other
obligation in respect of derivatives, that are not reflected in the most recent
financial statements referred to in this paragraph.

(c)           On and as of the Closing Date, the
projections of Borrower and its Subsidiaries for the period Fiscal Year 2006
through and including Fiscal Year 2013 (the “Closing
Date Projections”) are based on good faith estimates and assumptions
made by the management of Borrower; provided
that, the Closing Date Projections are not to be viewed as facts and that
actual results during the period or periods covered by the Closing Date
Projections may differ from such Closing Date Projections and that the
differences may be material; provided
further that, as of the Closing Date, management of Borrower
believed that the Closing Date Projections were reasonable and attainable.

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4.2          No Change.  As of the Closing Date and since December 29,
2005, there has been no development or event that has had or could reasonably
be expected to have a Material Adverse Effect. 
Since the Closing Date, there has been no development or event that has
had or could reasonably be expected to have a Material Adverse Effect.

4.3          Corporate Existence and Compliance
with Laws.  Each of
Holdings, Borrower and its Subsidiaries: 
(a) is, except as described on Schedule 4.3, duly organized,
validly existing and in good standing under the laws of the jurisdiction of its
organization, (b) has the corporate or other power and authority, and the legal
right, to own and operate its Property, to lease the Property it operates as
lessee and to conduct the business in which it is currently engaged, (c) is,
except as described on Schedule 4.3, duly qualified as a foreign
corporation, partnership, or limited liability company, as applicable, and in
good standing under the laws of each jurisdiction where its ownership, lease or
operation of Property or the conduct of its business requires such
qualification and (d) is in compliance with all Requirements of Law except to
the extent that the failure to comply therewith could not, in the aggregate,
reasonably be expected to have a Material Adverse Effect.

4.4          Corporate Power; Authorization;
Enforceable Obligations. 
Each Loan Party and Holdings has the requisite power and authority, and
the legal right, to make, deliver and perform the Loan Documents to which it is
a party and, in the case of Borrower, to borrow hereunder.  Each Loan Party and Holdings has taken all
necessary corporate action to authorize the execution, delivery and performance
of the Loan Documents to which it is a party and, in the case of Borrower, to
authorize the borrowings on the terms and conditions of this Agreement.  No consent or authorization of, filing with,
notice to or other act by or in respect of, any Governmental Authority or any
other Person is required in connection with the borrowings hereunder or with
the execution, delivery, performance, validity or enforceability of this
Agreement or any of the other Loan Documents or with the consummation of the Closing
Date Transactions, except (i) consents, authorizations, filings and notices
described in Schedule 4.4, which consents, authorizations, filings and
notices have been obtained or made and are in full force and effect and (ii)
the filings contemplated by Section 4.19.  Each Loan Document has been duly executed and
delivered on behalf of Holdings and each Loan Party signatory thereto.  This Agreement constitutes, and each other
Loan Document upon execution will constitute, a legal, valid and binding obligation
of Holdings and each Loan Party signatory thereto, enforceable against Holdings
and each such Loan Party in accordance with its terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the enforcement of creditors’ rights generally and by
general equitable principles (whether enforcement is sought by proceedings in
equity or at law).

4.5          No Legal Bar.  The execution, delivery and performance of
this Agreement, the other Loan Documents, the issuance of Letters of Credit,
the borrowings hereunder, the use of the proceeds thereof and the consummation
of the Closing Date Transactions will not violate any Requirement of Law or any
material Contractual Obligation of Borrower or any of its Subsidiaries and will
not result in, or require, the creation or imposition of any Lien on any of
their respective properties or revenues pursuant to any Requirement of Law or
any such Contractual Obligation (other than the Liens created by the Loan
Documents).  No Requirement of Law or
Contractual Obligation applicable to Borrower or any of its Subsidiaries could
reasonably be expected to have a Material Adverse Effect.

4.6          No Material Litigation.  Except as set forth on Schedule 4.6,
no litigation, investigation or proceeding of or before any arbitrator or
Governmental Authority is pending or, to Borrower’s knowledge, threatened by or
against Borrower or any of its Subsidiaries or against

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any of their respective properties or revenues (i) with
respect to any of the Loan Documents or any of the transactions contemplated
hereby or thereby or (ii) that could reasonably be expected to have a Material
Adverse Effect.

4.7          No Default.  Neither Borrower nor any of its Subsidiaries
is in default under or with respect to any of its Contractual Obligations in
any respect that could reasonably be expected to have a Material Adverse
Effect.  No Default or Event of Default
has occurred and is continuing.

4.8          Ownership of Property; Liens.  Each of Borrower and its Restricted
Subsidiaries is the sole owner of, legally and beneficially, and has good,
marketable and insurable title in fee simple to, or a valid leasehold interest
in, all its Real Estate Assets, and good title to, or a valid leasehold
interest in, all its other Property, and none of such Property is subject to
any Liens, claims, liabilities, obligations, charges or restrictions of any
kind, nature or description except for any Permitted Lien.  None of the Pledged Equity Interests is
subject to any Lien except for Permitted Liens.

4.9          Intellectual Property.

(a)           Borrower and each of its Restricted
Subsidiaries owns, or is licensed to use, all material Intellectual Property
necessary for the conduct of its business as currently conducted.  Except as described on Schedule 4.6,
no material claim has been asserted or is pending by any Person challenging or
questioning the use of any Intellectual Property or the validity or
effectiveness of any Intellectual Property, nor does Borrower know of any valid
basis for any such claim, except with respect to claims that could not
reasonably be expected to have a Material Adverse Effect.  To Borrower’s knowledge, the use of
Intellectual Property by Borrower and its Restricted Subsidiaries does not
infringe on the rights of any Person in any material respect, except with
respect to the matters described on Schedule 4.6, or with respect to any
matter that could not be reasonably expected to have a Material Adverse Effect.

(b)           As of the Closing Date, Schedule
4.9(b) (i) identifies each of the trademarks, service marks and trade name
applications and registrations registered by, made by or otherwise held,
directly or indirectly, by the Loan Parties and identifies which such Person
registered, made or otherwise holds such Intellectual Property, and (ii)
specifies as to each, the jurisdiction in which such Intellectual Property has
been issued or registered (or, if applicable, in which an application for such
issuance or registration has been filed), including the respective registration
or application numbers and applicable dates of registration or application and
expiration.

(c)           As of the Closing Date, Schedule
4.9(c) (i) identifies each of the patents and patent applications owned by,
made by or otherwise held, directly or indirectly, by the Loan Parties and
identifies which such Person owns, made or otherwise holds such Intellectual
Property, and (ii) specifies as to each, the jurisdiction in which such
Intellectual Property has been issued or registered (or, if applicable, in
which an application for such issuance or registration has been filed),
including the respective patent or application numbers and applicable dates of
issuance or application and expiration.

(d)           As of the Closing Date, Schedule
4.9(d) (i) identifies each of the copyrights and copyright applications and
registrations registered by, made by or otherwise held, directly or indirectly,
by the Loan Parties and identifies which such Person registered, made or
otherwise holds such Intellectual Property, and (ii) specifies as to each, the
jurisdiction in which such Intellectual Property has been issued or registered
(or, if applicable, in which an application for

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such issuance or registration has been filed),
including the respective registration or application numbers and applicable
dates of registration or application and expiration.

(e)           As of the Closing Date, Schedule
4.9(e) identifies all material licenses, sublicenses and other agreements
relating to Intellectual Property (other than licenses or sublicenses of
individual motion pictures) to which any of the Loan Parties is a party and
pursuant to which (i) any of the Loan Parties is a licensor or sublicensor or
the equivalent (except for such agreements between Loan Parties) or (ii) any
other Person (other than a Loan Party) is authorized to use any Intellectual
Property as a licensee, sublicensee or the equivalent.

4.10        Taxes.  Borrower and each of its Subsidiaries have
filed or caused to be filed all federal, and material state and other tax
returns that are required to be filed and has paid all taxes shown to be due
and payable on said returns or on any assessments made against it or any of its
Property and all other taxes, fees or other charges imposed on it or any of its
Property by any Governmental Authority, in each case prior to delinquency
(other than any taxes, the amount or validity of which are currently being
contested in good faith by appropriate proceedings and with respect to which
reserves in conformity with GAAP have been provided on the books of Borrower or
such Subsidiary, as the case may be); the contents of all such tax returns are
correct and complete in all material respects, no tax Lien has been filed
(other than with respect to real property taxes and assessments that are not
yet delinquent), and, to Borrower’s knowledge, no claim is being asserted, with
respect to any such tax, fee or other charge, other than with respect to taxes
that are not yet due and payable.

4.11        Federal Regulations.  No part of the proceeds of the Loans or
Letters of Credit will be used for purchasing or carrying any “margin stock”
(within the meaning of Regulation U) or for the purpose of purchasing, carrying
or trading in any securities under such circumstances as to involve Borrower in
a violation of Regulation X or to involve any broker or dealer in a violation
of Regulation T.  No indebtedness being
reduced or retired out of the proceeds of the Loans or Letters of Credit was or
will be incurred for the purpose of purchasing or carrying any “margin stock”
(within the meaning of Regulation U). 
Following application of the proceeds of the Loans and Letters of
Credit, “margin stock” (within the meaning of Regulation U) does not constitute
more than 25% of the value of the assets of Borrower and its consolidated Subsidiaries.  None of the transactions contemplated by this
Agreement (including the direct and indirect use of proceeds of the Loans and
Letters of Credit) will violate or result in a violation of Regulation T,
Regulation U or Regulation X.  If
requested by any Lender or Administrative Agent, Borrower will furnish to
Administrative Agent and each Lender a statement to the foregoing effect in
conformity with the requirements of Regulation U.

4.12        Labor Matters.  There are no strikes, stoppages, slowdowns or
other labor disputes against Borrower or any of its Subsidiaries pending or, to
Borrower’s knowledge, threatened that (individually or in the aggregate) could
reasonably be expected to have a Material Adverse Effect.  Hours worked by and payment made to employees
of Borrower and its Subsidiaries have not been in violation of the Fair Labor
Standards Act of 1938, as amended, or any other applicable Requirement of Law
dealing with such matters that (individually or in the aggregate) could
reasonably be expected to have a Material Adverse Effect.  All payments due from Borrower or any of its
Subsidiaries on account of employee health and welfare insurance that
(individually or in the aggregate) could reasonably be expected to have a
Material Adverse Effect if not paid have been paid or accrued as a liability on
the books of Borrower or the relevant Subsidiary.

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4.13        ERISA.  Neither a Reportable Event nor an
“accumulated funding deficiency” (within the meaning of Section 412 of the Code
or Section 302 of ERISA) has occurred during the five-year period prior
to the date on which this representation is made or deemed made with respect to
any Plan, and each Plan has complied in all material respects with all
applicable provisions of ERISA and the Code. 
No termination of a Single-Employer Plan has occurred, and no Lien in
favor of the PBGC or a Plan has arisen, during such five-year period.  The present value of all accrued benefits
under each Single-Employer Plan (based on those assumptions used to fund such
Plans) did not, as of the last annual valuation date prior to the date on which
this representation is made or deemed made, exceed the value of the assets of
such Plan allocable to such accrued benefits by a material amount.  Neither Borrower nor any Commonly-Controlled
Entity has had a complete or partial withdrawal from any Multiemployer Plan
that has resulted or could reasonably be expected to result in a material
liability under ERISA, and neither Borrower nor any Commonly-Controlled Entity
would become subject to any material liability under ERISA if Borrower or any
such Commonly-Controlled Entity were to withdraw completely from all
Multiemployer Plans as of the valuation date most closely preceding the date on
which this representation is made or deemed made.  No such Multiemployer Plan is in
Reorganization or Insolvent.

4.14        Investment Company Act; Other Regulations.  Neither Holdings nor any Loan Party is an
“investment company,” or a company “controlled” by an “investment company,”
within the meaning of the Investment Company Act of 1940, as amended.  Neither Holdings nor any Loan Party is
subject to regulation under any Requirement of Law (other than Regulation X)
that limits or conditions its ability to incur Indebtedness.

4.15        Subsidiaries.

(a)           The Subsidiaries listed on Schedule
4.15 constitute all the Subsidiaries of Borrower as of the Closing
Date.  Schedule 4.15 sets forth,
as of the Closing Date, the name and jurisdiction of incorporation of each
Subsidiary and, as to each such Subsidiary, the percentage and number of each
class of Capital Stock owned by Borrower and its Subsidiaries.  As of the Closing Date, Borrower has no
direct subsidiaries other than Regal Cinemas, Inc., a Tennessee corporation,
and Regal Cinemas Bonds Corporation, a Delaware corporation.

(b)           There are no outstanding
subscriptions, options, warrants, calls, rights or other agreements or
commitments of any nature relating to any Capital Stock of Borrower.  Except to the extent not otherwise prohibited
by the terms of this Agreement, there are no outstanding subscriptions,
options, warrants, calls, rights or other agreements of any nature relating to
any Capital Stock of any of the Subsidiaries, except as disclosed on Schedule
4.15.  Neither Borrower nor any of
its Subsidiaries have issued, or authorized the issuance of, any Disqualified
Stock (except as expressly permitted under this Agreement).

4.16        Use of Proceeds.  The proceeds of the Term Loans, Revolving
Loans and the Letters of Credit shall be used in accordance with Section 2.6.

4.17        Environmental Matters.  Other than as set forth on Schedule 4.17
and exceptions to any of the following that could not, individually or in the
aggregate, reasonably be expected to result in a Material Adverse Effect:

(a)           Borrower and its Subsidiaries:  (i) are, and within the period of all
applicable statutes of limitation have been, in compliance with all applicable
Environmental Laws; and (ii) reasonably believe that compliance with all
applicable Environmental Laws that are or are

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expected to become
applicable to any of them will be timely attained and maintained, without
material expense.

(b)           Hazardous Materials are not present
at, on, under, or in any real property now or formerly owned, leased or
operated by Borrower or any of its Subsidiaries, or at any other location
(including any location to which Hazardous Materials have been sent for re-use
or recycling or for treatment, storage, or disposal) that could reasonably be
expected to (i) give rise to liability of Borrower or any of its Subsidiaries
under any applicable Environmental Law or otherwise result in material costs to
Borrower or any of its Subsidiaries, or (ii) interfere in any material respect
with Borrower’s or any of its Subsidiaries’ continued operations, or (iii)
impair the fair saleable value of any real property owned or leased by Borrower
or any of its Subsidiaries.

(c)           There is no judicial, administrative,
or arbitral proceeding (including any notice of violation or alleged violation)
under or relating to any Environmental Law to which Borrower or any of its
Subsidiaries is, or to Borrower’s knowledge could reasonably be expected to be,
named as a party that is pending or, to Borrower’s knowledge, threatened.

(d)           Neither Borrower nor any of its
Subsidiaries have received any written request for information, or been
notified of any Environmental Claim that it is a potentially responsible party
under or relating to CERCLA, or any similar Environmental Law, or with respect
to any Hazardous Materials.

(e)           Neither Borrower nor any of its
Subsidiaries have entered into or agreed to any consent decree, order, or
settlement or other agreement, or is subject to any judgment, decree, or order
or other agreement, in any judicial, administrative, arbitral, or other forum
for dispute resolution, relating to compliance with or liability under any
Environmental Law and which is outstanding as of the Closing Date.

(f)            To Borrower’s knowledge, there are
no past or present actions, activities, circumstances, conditions, events or
incidents, including any Hazardous Materials Activity, that could reasonably be
expected to form the basis of any Environmental Claim against Borrower or any
of its Subsidiaries, or to Borrower’s knowledge, against any person or entity
whose liability for any Environmental Claim Borrower has retained or assumed
either contractually or by operation of law.

(g)           Borrower has provided to the Secured
Parties all assessments, reports, data, results of investigations or audits,
and other information that is in the possession of or reasonably available to
Borrower or any of its Subsidiaries regarding environmental matters pertaining
to, or the environmental condition of, the business of Borrower or any of its
Subsidiaries, or the compliance (or noncompliance) by Borrower and its
Subsidiaries with any Environmental Laws, except where any such information
does not disclose any condition that could reasonably be expected to have a
Material Adverse Effect.

4.18        Accuracy of Information, Etc.  No statement or information contained in this
Agreement, any other Loan Document, the Confidential Information Memorandum or
any other document, certificate or statement furnished to any Agent or Lender,
by or on behalf of Borrower or any of its Subsidiaries for use in connection
with the transactions contemplated by this Agreement or the other Loan
Documents, contained as of the date such statement, information, document or
certificate was so furnished, when taken together with all other information so
furnished, any untrue statement of a material fact or omitted to state a
material fact necessary in order to make the statements contained herein or therein
not misleading.  The projections and pro forma

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financial information
contained in the materials referenced above are based on good faith estimates
and assumptions believed by management of Borrower to be reasonable at the time
made, it being recognized by the Lenders that such financial information as it
relates to future events is not to be viewed as fact and that actual results
during the period or periods covered by such financial information may differ
materially from the projected results set forth therein.  There is no fact known to Borrower or any of
its Subsidiaries that could reasonably be expected to have a Material Adverse
Effect that has not been expressly disclosed herein, in the other Loan
Documents, in the Confidential Information Memorandum or in any other
documents, certificates and written statements furnished to Agents and Lenders
for use in connection with the transactions contemplated hereby and by the
other Loan Documents.

4.19        Security
Documents.

(a)           The Guaranty and Collateral Agreement
is effective to create, in favor of Administrative Agent for the benefit of the
Secured Parties, a legal, valid, binding and enforceable security interest in
the Collateral described therein and proceeds and products thereof.  In the case of (i) the Pledged Equity
Interests represented by stock or other certificates, as of the date when such
stock or other certificates representing such Pledged Equity Interests were
delivered to Administrative Agent, and (ii) the other Collateral described in
the Guaranty and Collateral Agreement that is subject to perfection by the
filing of financing statements in the jurisdiction of organization of Borrower
and each Guarantor, as of the date when financing statements in appropriate
form were filed in the offices specified on Schedule 4.19(a), the Lien
and security interest granted pursuant to the Guaranty and Collateral Agreement
constituted, and such Lien and security interest continue to constitute, a
fully-perfected Lien on, and security interest in, all right, title and
interest of the Loan Parties in such Collateral and the proceeds and products
thereof, as security for the Obligations (as defined in the Guaranty and
Collateral Agreement), in each case prior and superior in right to any other
Lien (except Permitted Liens).

(b)           As of the Closing Date, Schedule
4.19(b) sets forth a true, complete and correct list of all Real Estate
Assets that are encumbered by an Existing Mortgage.  Each of the Mortgages is effective to create
in favor of Administrative Agent, for the benefit of the Secured Parties, a
legal, valid, binding and enforceable Lien on, and security interest in, the
Mortgaged Properties described therein, (i) with respect to each Existing
Mortgage, as of the Closing Date, and (ii) with respect to any New Mortgage
entered into after the Closing Date, as of the date such Mortgage is timely and
properly filed in the appropriate offices in respect of such Mortgages.  Each Mortgage shall constitute a
fully-perfected Lien on, and security interest in, the Mortgaged Property
described therein, as security for the Obligations, in each case prior and
superior in right to the Lien of any other Person, other than Permitted Liens.

(c)           The Guaranty and Collateral Agreement
is effective to create, in favor of Administrative Agent for the benefit of the
Secured Parties, a legal, valid, binding and enforceable security interest in
the Collateral consisting of Intellectual Property and proceeds and products
thereof.  Upon the filing or recording of
the Guaranty and Collateral Agreement (or a memorandum thereof in form and
substance reasonably satisfactory to Administrative Agent) in the offices
described in the Guaranty and Collateral Agreement (or such memorandum
thereof), the Guaranty and Collateral Agreement (and each such memorandum
thereof) will constitute a fully-perfected Lien on, and security interest in,
all right, title and interest of Borrower and each Guarantor in the
Intellectual Property Collateral described therein and the proceeds and
products thereof, as security for the Obligations (as defined in the Guaranty
and Collateral Agreement), in each case prior and superior in right to any
other Person (except Permitted Liens).

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(d)           The Guaranty and Pledge Agreement is
effective to create, in favor of Administrative Agent for the benefit of the
Secured Parties, a legal, valid, binding and enforceable Lien and security
interest in all of the Capital Stock of Borrower, and upon the delivery of the
certificates representing such Capital Stock to Administrative Agent, such Lien
and security interest will constitute a perfected Lien, superior in right to
and free and clear of any other Lien.

4.20        Solvency.  Each Loan Party and Holdings is, and after
giving effect to the incurrence of all Indebtedness and obligations being incurred
in connection with the Loan Documents through and including the Closing Date,
will be and will continue to be, Solvent.

4.21        Senior Indebtedness.  The Obligations (including the Guarantied
Obligations) constitute “Senior Indebtedness” and “Permitted Indebtedness”
under and as defined in the documents relating to any Permitted Subordinated
Indebtedness and any Permitted Subordinated Refinancing.  The Liens of Administrative Agent for the
benefit of the Secured Parties on the Collateral are permitted under the terms
of the documents relating to any Permitted Subordinated Indebtedness, any
Permitted Subordinated Refinancing and any Permitted Senior Refinancing.

4.22        Regulation H.  Except for Real Estate Assets in respect of
which federal flood insurance coverage and additional flood insurance coverage
meeting the requirements of Section 5.5(d) hereof is maintained by the Loan
Parties, no Mortgage encumbers any improved Real Estate Asset that is located
in an area that has been identified by the Secretary of Housing and Urban
Development as an area having special flood hazards and in which flood
insurance has been made available under the National Flood Insurance Act of
1968, as amended.

4.23        Insurance.  The insurance policies currently maintained
by Borrower and its Restricted Subsidiaries are with insurers of recognized
financial responsibility and cover such losses and risks in such amounts as are
prudent and customary in the businesses in which they are engaged; and none of
Borrower or any of its Restricted Subsidiaries (i) has received notice from any
insurer or agent of such insurer that substantial capital improvements or other
material expenditures will have to be made in order to continue such insurance
at a cost, with respect to such improvements or expenditures, that could
reasonably be expected to have a Material Adverse Effect, or (ii) has any
reason to believe that it will not be able to renew its existing insurance
coverage as and when such coverage expires or to obtain similar coverage from similar
insurers at a cost that could not reasonably be expected to have a Material
Adverse Effect.

4.24        Real
Estate.

(a)           As of the Closing Date, Schedule
4.24(a) sets forth a true, complete and correct list of all owned or leased
Real Estate Assets used or occupied by Borrower or any of its Subsidiaries.

(b)           The Real Estate Assets and the
current use thereof comply with (i) all applicable Requirements of Law
(including building and zoning ordinances and codes), and neither Borrower nor
any of its Subsidiaries is a nonconforming user of any Real Estate Asset, and
(ii) all Insurance Requirements, in each case except where noncompliance could
not reasonably be expected to have a Material Adverse Effect.

(c)           No taking, condemnation or other
eminent domain proceeding by any Governmental Authority has been commenced or,
to the best of Borrower’s knowledge, is contemplated with respect to all or any
portion of any material Real Estate Assets or for any materially

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adverse relocation of
roadways providing access to such Real Estate Asset, in each case except as
could not reasonably be expected to have a Material Adverse Effect.

(d)           There are no current, pending or, to
Borrower’s best knowledge, proposed special or other assessments for public
improvements or otherwise affecting any Mortgaged Property, nor are there any
contemplated improvements to such Mortgaged Property that may result in such
special or other assessments, in each case other than such assessments that
will be paid prior to delinquency or as could not reasonably be expected to
have a Material Adverse Effect.

(e)           Neither Borrower nor any of its
Subsidiaries have suffered, permitted or initiated the joint assessment of any
fee-owned Mortgaged Property with any other real property constituting a
separate tax lot that would interfere with the legal foreclosure of such
Mortgaged Property independent of any Real Estate Asset that is not a Mortgaged
Property.

(f)            Each of Borrower and its
Subsidiaries has obtained all material permits (including assembly permits),
licenses, variances and certificates required by Requirements of Law to be
obtained by such Person and necessary to the use and operation of the Mortgaged
Properties, in each case except as could not reasonably be expected to have a
Material Adverse Effect.  Each of
Borrower and its Subsidiaries has obtained all permits (including assembly
permits), licenses, variances and certificates required by Requirements of Law
to be obtained by such Person and necessary to the use and operation of its
Real Estate Assets other than Mortgaged Properties except to the extent that
the failure to obtain such permits, licenses, variances and certificates could
not, in the aggregate, reasonably be expected to have a Material Adverse
Effect.  The use being made of all Real Estate
Assets is in material conformity with the certificate of occupancy or such
other permits, licenses, variances and certificates for such Real Estate Assets
and any other reciprocal easement agreements, restrictions, covenants or
conditions affecting such Real Estate Assets, in each case except as could not
reasonably be expected to have a Material Adverse Effect.

(g)           Except for maintenance and repairs in
the ordinary course of business or as set forth on Schedule 4.24(g), to
Borrower’s best knowledge, as of the Closing Date, all Real Estate Assets being
used for the conduct of the business of any Loan Party are free from structural
defects and all building systems contained therein are in good working order
and condition, ordinary wear and tear excepted, suitable for the purposes for
which they are currently being used, except as could not reasonably be expected
to have a Material Adverse Effect.

(h)           As of the Closing Date, there are no
outstanding options to purchase or rights of first refusal or restrictions on
transferability affecting any owned Real Estate Assets except as set forth on Schedule
4.24(h).

(i)            Except as could not reasonably be
expected to have a Material Adverse Effect, (i) all Real Estate Assets have
adequate rights of access to public ways to permit the Real Estate Assets to be
used for their intended purpose and is served by operating and adequate water,
electric, telephone, sewer, sanitary sewer and storm drain facilities, (ii) all
Real Estate Assets have the legal right to all public utilities necessary to
the continued use and enjoyment of such Real Estate Assets, (iii) all roads
necessary for the full utilization of the Real Estate Assets for their current
purpose have been completed and dedicated to public use and accepted by all Governmental
Authorities or are the subject of access easements for the benefit of such Real
Estate Assets, and (iv) all reciprocal easement agreements affecting any Real
Estate Asset are in full force and effect and Borrower is not aware of any
defaults thereunder.

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(j)            No building or structure
constituting a Real Estate Asset or any appurtenance thereto or equipment
thereon, or the use, operation or maintenance thereof, violates any restrictive
covenant or encroaches on any easement or on any property owned by others,
which violation or encroachment materially interferes with the use or could
reasonably be expected to materially adversely affect the value of such
building, structure or appurtenance, in each case except as could not
reasonably be expected to have a Material Adverse Effect.  As of the Closing Date, all buildings,
structures, appurtenances and equipment necessary for the use of each Mortgaged
Property for the purpose for which it is currently being used are located on
such Mortgaged Property.

(k)           Each Real Estate Asset, including
each lease, has adequate available parking to meet legal and operating
requirements (after taking into account reciprocal easement agreements and
other easements on adjoining or nearby land), in each case except as could not
reasonably be expected to have a Material Adverse Effect.

(l)            As of the Closing Date, no portion
of any Real Estate Asset has suffered any material damage by fire or other
material casualty loss that has not heretofore been completely repaired and restored
to its original condition, in each case except as could not reasonably be
expected to have a Material Adverse Effect.

4.25        Permits.

(a)           Other than exceptions to any of the
following that could not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect:  (i)
each of Borrower and its Restricted Subsidiaries has obtained and holds all
Permits required in respect of its Real Estate Assets and for any other
property otherwise operated by or on behalf of, or for the benefit of, such
Person and for the operation of each of its businesses as presently conducted
and as proposed to be conducted, (ii) all such Permits are in full force and
effect, and each of Borrower and its Restricted Subsidiaries has performed and
observed all requirements of such Permits, (iii) no event has occurred that
allows or results in, or after notice or lapse of time would allow or result
in, revocation or termination by the issuer thereof or any other impairment of
the rights of the holder of any such Permit, (iv) no such Permits contain any
restrictions, either individually or in the aggregate, that are materially
burdensome to any of Borrower and its Restricted Subsidiaries, or to the
operation of any of its businesses or any property owned, leased or otherwise
operated by such Person, (v) each of Borrower and its Restricted Subsidiaries
reasonably believes that each of its Permits will be timely renewed and
complied with, without material expense, and that any additional Permits that
may be required of such Person will be timely obtained and complied with,
without material expense, and (vi) Borrower has no knowledge or reason to
believe that any Governmental Authority is considering limiting, suspending,
revoking or renewing on materially burdensome terms any such Permit.

(b)           Except as provided in Sections 4.4
and 4.19, no consent or authorization of, filing with, Permit from, or
other act by or in respect of, any Governmental Authority is required in
connection with the execution, delivery, performance, validity or
enforceability of, or enforcement of remedies (including foreclosure on the
Collateral) pursuant to, this Agreement and the other Loan Documents.

4.26        Leases.

(a)           Except as could not reasonably be
expected to have a Material Adverse Effect, each of Borrower and its Restricted
Subsidiaries has paid all such payments required to be

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made by it in respect of
leasehold Real Estate Assets, and no landlord Lien (other than as constituting
a Permitted Lien) has been filed, and to Borrower’s knowledge no claim is being
asserted, with respect to any such payments (in each case, other than any claim
the amount or validity of which are currently being contested in good faith by
appropriate proceedings and with respect to which reserves in conformity with
GAAP have been provided on Borrower’s books).

(b)           Except as could not reasonably be
expected to have a Material Adverse Effect, to Borrower’s best knowledge, each
of the leases listed on Schedule 4.24(a) is in full force and effect and
is legal, valid, binding and enforceable in accordance with its terms as of the
Closing Date.  As of the Closing Date,
except as set forth on Schedule 4.26(b), there is not under any such
lease any existing breach, default, event of default or event or condition
that, with or without notice or lapse of time or both, would constitute a
breach, default or an event of default by a Loan Party, or, to Borrower’s best
knowledge, by any other party to such lease that, in any such case, could
reasonably be expected to result in the commencement of proceedings or actions
to terminate such lease (other than any event or condition that is the subject
of a good faith contest by appropriate proceedings and with respect to which
reserves in conformity with GAAP have been provided on Borrower’s books or that
would not result in a Material Adverse Effect).

(c)           Except as could not reasonably be
expected to have a Material Adverse Effect, as of the Closing Date, other than
notices given or claims made in respect of the matters set forth on Schedule
4.26(b), no party to any material lease has given any Loan Party notice of
or made a material claim with respect to any breach or default that has not now
been cured (other than with respect to any event or condition that is the
subject of a good faith contest by appropriate proceedings and with respect to
which reserves in conformity with GAAP have been provided on Borrower’s books).

(d)           Except as could not reasonably be
expected to have a Material Adverse Effect, with respect to those leases that,
as of the Closing Date, were assigned or subleased to a Loan Party by a third
party, all consents to such assignments or sublease have been obtained.

(e)           Except as could not reasonably be
expected to have a Material Adverse Effect, except as described in Section
4.24(h), as of the Closing Date, no Real Estate Asset is subject to any
lease, sublease, license or other agreement granting to any Person other than
Borrower or its Subsidiaries any right to the use, occupancy or enjoyment of
such Real Estate Asset or any portion thereof.

SECTION
5.         AFFIRMATIVE COVENANTS

Borrower hereby agrees
that, so long as the Commitments remain in effect, any Letter of Credit remains
outstanding or any Loan or other amount is owing to any Lender or any Agent
hereunder, Borrower shall, and shall cause its Restricted Subsidiaries to:

5.1          Financial Statements and Other Reports.  Deliver to Administrative Agent and Lenders:

(a)           as soon as available, but in any
event within 90 days after the end of each Fiscal Year, a copy of the audited
consolidated balance sheet of Borrower and its consolidated Subsidiaries as at
the end of such Fiscal Year and the related audited consolidated statements of
income and of cash flows for such Fiscal Year, setting forth in each case in
comparative form the figures for the previous Fiscal Year, reported on without
a “going concern” or like qualification

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or exception, or
qualification arising out of the scope of the audit, by independent certified
public accountants of nationally recognized standing;

(b)           as soon as available, but in any
event within 90 days after the end of each Fiscal Year, a copy of the unaudited
consolidated balance sheet of Borrower and its consolidated Restricted
Subsidiaries as at the end of such Fiscal Year and the related unaudited
consolidated statements of income and of cash flows for such Fiscal Year,
setting forth in each case in comparative form the figures for the previous
Fiscal Year; and

(c)           as soon as available, but in any
event not later than 45 days after the end of each of the first three Fiscal
Quarters of each Fiscal Year, the (i) unaudited consolidated balance sheet of
Borrower and its consolidated Subsidiaries and (ii) unaudited consolidated
balance sheet of Borrower and its consolidated Restricted Subsidiaries, each as
at the end of such Fiscal Quarter and the related unaudited consolidated
statements of income and of cash flows for such Fiscal Quarter and the portion
of the Fiscal Year through the end of such Fiscal Quarter, setting forth in
each case in comparative form the figures for the previous Fiscal Year,
certified by an Authorized Officer as being fairly stated in all material
respects (subject to normal year-end audit adjustments).

All such financial
statements shall be complete and correct in all material respects when
delivered and shall be prepared in reasonable detail and in accordance with
GAAP applied consistently throughout the periods reflected therein and with
prior periods (except as approved by such accountants or officer, as the case
may be, and disclosed therein).

5.2          Certificates and Other Information.  Deliver to Administrative Agent and Lenders,
or, in the case of clause (g) below, to the relevant Lender:

(a)           concurrently with the delivery of the
financial statements referred to in Section 5.1(a), a certificate of the
independent certified public accountants reporting on such financial statements
stating that in making the examination necessary therefor no knowledge was
obtained of any Default or Event of Default, except as specified in such certificate;

(b)           concurrently with the delivery of any
financial statements pursuant to Section 5.1, (i) a certificate of an
Authorized Officer stating that, to the best of each such Authorized Officer’s
knowledge, each Loan Party during such period has observed or performed all of
its covenants and other agreements, and satisfied every condition, contained in
this Agreement and the other Loan Documents to which it is a party to be
observed, performed or satisfied by it, and that such Authorized Officer has obtained
no knowledge of any Default or Event of Default except as specified in such
certificate, and (ii) a duly executed and completed Compliance Certificate;

(c)           as soon as available, and in any
event no later than 45 days after the end of each Fiscal Year, a detailed
consolidated budget for the following Fiscal Year (including a projected
consolidated balance sheet of Borrower and its Restricted Subsidiaries as of
the end of the following Fiscal Year, and the related consolidated statements
of projected cash flow, projected changes in financial position and projected
income), and, as soon as available, significant revisions, if any, of such
budget and projections with respect to such Fiscal Year (collectively, the “Projections”), which Projections shall in
each case be accompanied by a certificate of an Authorized Officer stating that
such Projections are based on reasonable estimates, information and assumptions
and that such Authorized Officer has no reason to believe that such Projections
are incorrect or misleading in any material respect;

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(d)           within 45 days after the end of each
of the first three Fiscal Quarters, and within 90 days after the end of each
Fiscal Year, a narrative discussion and analysis of the financial condition and
results of operations of Borrower and its Restricted Subsidiaries for such
Fiscal Quarter and for the period from the beginning of the then current Fiscal
Year to the end of such Fiscal Quarter, or for such Fiscal Year, as applicable,
as compared to the portion of the Projections covering such periods and to the
comparable periods of the previous Fiscal Year;

(e)           no later than two Business Days (or
such shorter period as reasonably agreed to by Administrative Agent) prior to
the effectiveness thereof, copies of substantially final drafts of any proposed
agreement, amendment, supplement, waiver or other modification, as applicable,
with respect to documents relating to any Permitted Subordinated Indebtedness,
any Permitted Subordinated Refinancing or any Permitted Senior Refinancing;

(f)            within five days after the same are
sent, copies of all financial statements and reports that Borrower sends to the
holders of any class of its debt securities or public equity securities and,
and within five days after the same are filed, copies of all financial
statements and reports that Borrower may make to, or file with, the SEC; and

(g)           promptly, such additional financial
or other information as any Lender may from time to time reasonably request
from Borrower or any of its Restricted Subsidiaries.

5.3          Payment of Obligations.  Borrower will, and will cause each of its
Subsidiaries to, to the extent not otherwise prohibited hereunder or prohibited
by the subordination or intercreditor provisions thereof, pay, discharge or
otherwise satisfy at or before maturity or before they become delinquent, as
the case may be, all its material obligations of whatever nature, except where
the amount or validity thereof is currently being contested in good faith by
appropriate proceedings and reserves in conformity with GAAP with respect
thereto have been provided on the books of Borrower and its Restricted
Subsidiaries, as the case may be, to the extent that the failure to pay,
discharge or otherwise satisfy such obligations could not reasonably be expected
to have a Material Adverse Effect.

5.4          Conduct of Business and Maintenance of
Existence, Etc.  (a)
(i) Preserve, renew and keep in full force and effect its corporate existence,
and (ii) take all reasonable action to maintain all rights, privileges, franchises,
Permits and licenses necessary or desirable in the normal conduct of its
business, except, in each case, as otherwise permitted by Section 6.4,
and except, in the case of the foregoing clause (ii), to the extent that
failure to do so could not reasonably be expected to have a Material Adverse
Effect; and (b) comply with all Contractual Obligations (not incurred in
violation hereof) and Requirements of Law (including reporting requirements in
respect of the Patriot Act), except to the extent that failure to comply
therewith could not, in the aggregate, reasonably be expected to have a
Material Adverse Effect.

5.5          Maintenance
of Properties; Leases; Insurance.

(a)           Keep all Property and systems useful
and necessary in the business of Borrower and its Restricted Subsidiaries in
good working order and condition, ordinary wear and tear excepted;

(b)           Maintain, or obtain contractual
commitments from relevant landlords to maintain, all rights of way, easements,
grants, privileges, licenses, certificates, and permits necessary for the use
of any Real Estate Asset (as used in the business of Borrower and its
Restricted Subsidiaries);

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(c)           except as could not reasonably be
expected to have a Material Adverse Effect, comply with the terms of each
leasehold Real Estate Asset so as not to permit any material uncured tenant
default to exist thereunder (other than any matters being contested in good
faith by appropriate proceedings);

(d)           maintain with financially sound and
reputable insurance companies insurance on all its Property (including all
inventory, equipment and vehicles) in at least such amounts and against at
least such risks as are usually insured against in the same general area by
companies engaged in the same or a similar business; and furnish to Administrative
Agent with copies for each Secured Party, upon written request, full
information as to the insurance carried; provided
that, each of Borrower and its Restricted Subsidiaries will maintain, to the
extent obtainable on commercially reasonable terms, (i) property and casualty
insurance on all Property on an all-risks basis (including the perils of flood
and quake, loss by fire, explosion and theft and such other risks and hazards
as are covered by a standard extended coverage insurance policy), covering the
repair or replacement cost of all such Property and consequential loss coverage
for business interruption and extra expense (which shall include construction
expenses and such other business interruption expenses as are otherwise
generally available to similar businesses), (ii) public liability insurance,
and (iii) building law and ordinance coverage in such amount as to address to
the satisfaction of Administrative Agent any increased cost of construction,
debris removal and/or demolition expenses incurred as a result of the
application of any building law and/or ordinance.  All such insurance with respect to Borrower
and its Restricted Subsidiaries shall be provided by insurers or reinsurers
that (x) in the case of United States insurers and reinsurers, have an A.M.
Best policyholders rating of not less than A- with respect to primary insurance
and B+ with respect to excess insurance, and (y) in the case of non-United
States insurers or reinsurers, the providers of at least 80% of such insurance
have either an ISI policyholders rating of not less than A, an A.M. Best
policyholders rating of not less than A- or a surplus of not less than
$500,000,000 with respect to primary insurance, and an ISI policyholders rating
of not less than BBB with respect to excess insurance, or, if the relevant
insurance is not available from such insurers, such other insurers as
Administrative Agent may approve in writing. 
All insurance with respect to Borrower and its Restricted Subsidiaries
shall (i) provide that no cancellation, material reduction in amount or
material change in coverage thereof shall be effective until at least 30 days
after receipt by Administrative Agent of written notice thereof, (ii) if
reasonably requested by Administrative Agent, include a breach of warranty
clause, (iii) contain a “Replacement Cost Endorsement” with a waiver of
depreciation and a waiver of subrogation against any Secured Party, (iv)
contain a standard noncontributory mortgagee clause naming Administrative Agent
(and/or such other party as may be designated by Administrative Agent) as the
party to which all payments made by such insurance company shall be paid, (v)
if requested by Administrative Agent, contain endorsements providing that
neither Borrower nor any of its Subsidiaries, any Secured Party or any other
Person shall be a co-insurer under such insurance policies, and (vi) be
reasonably satisfactory in all other respects to Administrative Agent.  Each Secured Party shall be an additional insured
on all liability insurance policies of each of the Loan Parties and
Administrative Agent shall be named as loss payee on all property and casualty
insurance policies of each such Person;

(e)           deliver to Administrative Agent on
behalf of the Secured Parties, (i) on the Closing Date, a certificate dated
such date showing the amount and types of insurance coverage as of such date,
(ii) upon request of Administrative Agent from time to time, full information
as to the insurance carried by any of the Loan Parties, (iii) promptly
following receipt of notice from any insurer, a copy of any notice of
cancellation or material and adverse change in coverage of any of the Loan
Parties from that existing on the Closing Date, (iv) forthwith, notice of any
cancellation or nonrenewal of coverage of any of the Loan Parties that results
in any Loan Party

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failing to comply with
the requirements of Section 5.5(d), and (v) promptly after such
information is available to any of Borrower or any of its Subsidiaries, full
information as to any claim for an amount in excess of $2,500,000 with respect
to any property and casualty insurance policy maintained by Borrower or any of
its Subsidiaries; and

(f)            preserve and protect the Lien status
of each respective Mortgage and, if any Lien (other than unrecorded Liens permitted
under Section 6.3 that arise by operation of law and other Liens
permitted under Sections 6.3(e) and 6.3(i)) is asserted against a
Mortgaged Property, promptly and at its expense, give Administrative Agent a
detailed written notice of such Lien and pay the underlying claim in full or
take such other action so as to cause it to be released or bonded over in a
manner satisfactory to Administrative Agent.

5.6          Inspection of Property; Books and
Records; Discussions. 
(a) Keep proper books of records and account in which full, true and
correct entries in conformity with GAAP (or, in the case of any Foreign
Subsidiary, generally accepted accounting principles in such Foreign
Subsidiary’s jurisdiction of organization) and all Requirements of Law shall be
made of all dealings and transactions in relation to its business and
activities, and (b) permit any representatives designated by Administrative
Agent or any Lender to visit and inspect the financial records and the property
of such Loan Party at reasonable times during normal business hours and upon
reasonable advance notice (no more frequently than twice during any Fiscal Year
and at the sole cost and expense of the Lenders, unless a Default or Event of
Default shall have occurred and be continuing) and to make extracts from and
copies of such financial records, and permit any representatives designated by
Administrative Agent or any Lender to discuss the affairs, finances and
condition of any Loan Party with and be advised as to the same by the officers
thereof and the independent accountants therefor.

5.7          Notices.  Promptly (or sooner, if so indicated) after
an Authorized Officer obtains knowledge thereof, give notice to Administrative
Agent (who shall transmit such information to the Lenders), of:

(a)           the occurrence of any Default or
Event of Default;

(b)           any (i) default, or event of default
or alleged default under any Contractual Obligation of any Loan Party, or (ii)
litigation, investigation or proceeding that may exist at any time between
Borrower or any of its Subsidiaries and any Governmental Authority, that in
either case, if not cured or if adversely determined, as the case may be, could
reasonably be expected to have a Material Adverse Effect;

(c)           any litigation or proceeding
affecting or relating to Borrower or any of its Restricted Subsidiaries in
which the stated amount of damages claimed has been specified in writing and
the portion of such stated amount that is not expected to be covered by
insurance exceeds $10,000,000;

(d)           the following events, as soon as
possible and in any event within 30 days after any Loan Party knows or has
reason to know thereof:  (i) the
occurrence of any Reportable Event with respect to any Plan, a failure to make
any required contribution to a Plan, the creation of any Lien in favor of the
PBGC or a Plan or any withdrawal from, or the termination, Reorganization or
Insolvency of, any Multiemployer Plan, or (ii) the institution of proceedings
or the taking of any other action by the PBGC or Borrower or any
Commonly-Controlled Entity or any Multiemployer Plan with respect to the
withdrawal from, or the termination, Reorganization or Insolvency of, any Plan;

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(e)           any development or event that has had
or could reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect;

(f)            notices of default in respect of the
payment of base rent given to any Loan Party from landlords in connection with
any leased properties, to the extent that, as of any date, the number of leases
subject to such notices and pursuant to which the grace period, if any, for
such payment default shall have lapsed with such default remaining uncured
exceeds 5% of the total number of leased theaters occupied by Loan Parties;

(g)           any notice that any Governmental
Authority may condition approval of, or any application for, an Environmental
Permit or any other material Permit held by Borrower or any of its Restricted
Subsidiaries on terms and conditions that are materially burdensome to Borrower
or any of its Restricted Subsidiaries, or to the operation of any of its
businesses or any property owned, leased or otherwise operated by such Person;
and

(h)           on the date of the occurrence
thereof, notice that (i) any or all of the obligations under any Permitted
Subordinated Indebtedness, any Permitted Subordinated Refinancing or any
Permitted Senior Refinancing have been accelerated, or (ii) the trustee or the
required holders of Permitted Subordinated Indebtedness, Permitted Subordinated
Refinancing or any Permitted Senior Refinancing have given notice that any or
all such obligations are to be accelerated.

Each notice pursuant to this Section shall be
accompanied by a statement of an Authorized Officer setting forth details of
the occurrence referred to therein and stating what action Borrower or the
relevant Subsidiary proposes to take with respect thereto.

5.8          Environmental
Laws.

(a)           Comply in all material respects with,
and use commercially reasonable efforts to ensure compliance in all material
respects by all tenants and subtenants, if any, with, all applicable
Environmental Laws and Environmental Permits, and obtain, maintain and comply
in all material respects with and maintain, and use commercially reasonable
efforts to ensure that all tenants and subtenants, if any, obtain, maintain and
comply in all material respects with and maintain, any and all Environmental
Permits.

(b)           Conduct and complete all
investigations, studies, sampling and testing, and all remedial, removal and
other actions required under Environmental Laws and promptly comply in all
material respects with all lawful orders and directives of all Governmental
Authorities regarding Environmental Laws.

5.9          Additional
Collateral, Etc.

(a)           With respect to any personal Property
acquired after the Closing Date by Borrower or any of its Restricted
Subsidiaries constituting possessory collateral required to be delivered to
Administrative Agent pursuant to any other provision hereof or any other Loan
Document, and any collateral accounts required to be created under this
Agreement or any other Loan Document (but specifically excluding (x) any
Collateral described in clauses (b), (c) or (d) of this Section 5.9, (y)
any Collateral subject to a Lien expressly permitted by Sections 6.3(f)
and 6.3(g) (but only for so long as so subject), and (z) Collateral
acquired by an Excluded Foreign Subsidiary), as to which Administrative Agent,
for the benefit of the Secured Parties, does not have a perfected security
interest, promptly (and, in any event, within 30 days following the date

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of such
acquisition):  (i) execute and deliver to
Administrative Agent such amendments to the Guaranty and Collateral Agreement
or such other documents as Administrative Agent deems necessary or advisable to
grant to Administrative Agent, for the benefit of the Secured Parties, a
security interest in such Collateral, and (ii) take all actions necessary or
advisable to grant to Administrative Agent, for the benefit of the Secured
Parties, a perfected First Priority security interest in such Collateral, including
the filing of UCC financing statements in such jurisdictions as may be required
by the Guaranty and Collateral Agreement or as may be requested by
Administrative Agent.

(b)           With respect to any fee Real Estate
Asset acquired by Borrower or any of its Restricted Subsidiaries after the
Closing Date having a value (together with improvements thereof) of at least
$1,000,000 (other than with respect to any such Real Estate Asset, (w) owned by
an Excluded Foreign Subsidiary, or owned by a new Subsidiary subject to the
requirements of Section 5.9(c), (x) subject to a Lien expressly
permitted by Sections 6.3(f) or 6.3(g) (but only for so long as
so subject), (y) owned by any UA Subsidiary solely during the period that the
UA Pass-Through Certificates Restriction is in effect, or (z) subject to a
contract for sale within 45 days after acquisition; provided that, if such sale is not ultimately consummated
within a reasonable period thereafter, the provisions of this Section 5.9(b)
shall become applicable), promptly (and, in any event, within 45 days following
the date of such acquisition or such later date permitted by Administrative
Agent):  (i) execute and deliver a First
Priority Mortgage (subject only to Permitted Liens) in favor of Administrative
Agent, for the benefit of the Secured Parties, covering such Real Estate Asset,
(ii) if requested by Administrative Agent, provide the Secured Parties with (x)
title insurance covering such real property complying with the provisions of Schedule
5.9(b), in an amount at least equal to the purchase price of such real
property (or such other amount as shall be reasonably specified by
Administrative Agent), (y) evidence of flood insurance with respect to each
Flood Hazard Property that is located in a community that participates in the
National Flood Insurance Program, in each case in compliance with any
applicable regulations of the Board of Governors of the Federal Reserve System,
in form and substance reasonably satisfactory to Administrative Agent, and (z)
Phase I environmental reports (and where appropriate based on the results of
such Phase I environmental reports and at the reasonable request of
Administrative Agent, Phase II environmental reports) with respect to such Real
Estate Asset, all in form and substance reasonably satisfactory to
Administrative Agent; and (iii) if requested by Administrative Agent, deliver
to Administrative Agent legal opinions relating to the matters described above,
which opinions shall be in form and substance, and from counsel, reasonably satisfactory
to Administrative Agent.  In addition to
the foregoing, Borrower shall, at the request of Requisite Lenders, from time
to time deliver to Administrative Agent such appraisals of Mortgaged Property
as are required by Requirements of Law with respect to which Administrative
Agent has been granted a Lien.

(c)           With respect to any new Subsidiary
(other than (w) an Excluded Foreign Subsidiary, (x) any Unrestricted Subsidiary
created or acquired pursuant to an Investment made in accordance with Section
6.8(j) or 6.8(k), (y) any UA Subsidiary solely during the period
that the UA Pass-Through Certificates Restriction is in effect, or (z) any
Restricted Subsidiary with total assets having a fair market value of less than
$5,000 (but only until such time as such Restricted Subsidiary has or acquires
assets with a fair market value of $5,000 or more, or becomes an obligor with
respect to any other Indebtedness)) created or acquired after the Fourth
Restated Credit Agreement Closing Date (which, for the purposes of this Section
5.9(c), shall include (i) any existing Subsidiary that ceases to be an
Excluded Foreign Subsidiary, or ceases to be an Unrestricted Subsidiary and
becomes a Restricted Subsidiary, (ii) each UA Subsidiary as soon as the UA
Pass-Through Certificates Restriction is not in effect, or (iii) any Restricted
Subsidiary that ceases to meet the requirements of clause (z) above) by
Borrower or any of its Restricted Subsidiaries:

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(A) promptly (and, in any
event, within 30 days following such creation, acquisition or other event
described above) (i) execute and deliver to Administrative Agent such
amendments to the Guaranty and Collateral Agreement, if any, as Administrative
Agent deems necessary or advisable to grant to Administrative Agent, for the benefit
of the Secured Parties, a perfected First Priority security interest in the
Capital Stock of such new Subsidiary that is owned by Borrower or any of its
Restricted Subsidiaries, (ii) deliver to Administrative Agent the certificates
(if any) representing such Capital Stock, together with undated stock powers,
indorsed in blank and delivered by an Authorized Officer of Borrower or such
Restricted Subsidiary, as the case may be, and (iii) cause such new Subsidiary
to become party to the Guaranty and Collateral Agreement as a Guarantor
thereunder, (B) promptly (and, in any event, within 45 days following the date
of such acquisition or such later date as permitted by Administrative Agent) (I) execute and deliver a First Priority
Mortgage (subject to Permitted Liens) in favor of Administrative Agent, for the
benefit of the Secured Parties, covering any fee-owned Real Estate Asset of
such Subsidiary having a fair market value (together with improvements thereof)
of at least $1,000,000 (other than Real Estate Assets subject to a Lien
expressly permitted by Sections 6.3(f) or 6.3(g) (but only for so
long as so subject)) that is not subject to a contract for sale within 45 days
following the date of acquisition, provided
that, if such sale is not ultimately consummated within a reasonable period
thereafter, delivery of such First Priority Mortgage shall thereafter be
required in accordance with the provisions of this Section 5.9(c), and (II) if
requested by Administrative Agent, provide the Secured Parties with (x) title
insurance covering such Real Estate Asset in an amount at least equal to the
purchase price of such real property (or such other amount as shall be
reasonably specified by Administrative Agent) complying with the provisions of Schedule
5.9(b) together with any consents or estoppels deemed necessary or
advisable by Administrative Agent in connection with such Mortgage, each of the
foregoing in form and substance reasonably satisfactory to Administrative Agent
and Phase I environmental reports (and where appropriate based upon such Phase
I environmental reports and at the reasonable request of Administrative Agent,
Phase II environmental reports) with respect to such real property, all in form
and substance reasonably satisfactory to Administrative Agent; and (C) if
requested by Administrative Agent, deliver to Administrative Agent legal
opinions relating to the matters described, which opinions shall be in form and
substance, and from counsel, reasonably satisfactory to Administrative Agent.

(d)           With respect to any new Excluded
Foreign Subsidiary created or acquired after the Fourth Restated Credit
Agreement Closing Date by Borrower or any of its Restricted Subsidiaries,
promptly (and, in any event, within 30 days following such creation or the date
of such acquisition):  (i) execute and
deliver to Administrative Agent such amendments to the Guaranty and Collateral
Agreement as Administrative Agent deems necessary or advisable in order to
grant to Administrative Agent, for the benefit of the Secured Parties, a
perfected First Priority security interest in the Capital Stock of such new
Subsidiary that is owned by Borrower or any Guarantor (provided that, in no event shall more than
65% of the total outstanding Capital Stock of any such new Subsidiary be required
to be so pledged), (ii) deliver to Administrative Agent the certificates
representing such Capital Stock, together with undated stock powers, indorsed
in blank and delivered by an Authorized Officer of Borrower or such Domestic
Subsidiary, as the case may be, and take such other action as may be necessary
or, in the opinion of Administrative Agent, desirable to perfect the security
interest of Administrative Agent thereon, and (iii) if requested by
Administrative Agent, deliver to Administrative Agent legal opinions relating
to the matters described above, which opinions shall be in form and substance,
and from counsel, reasonably satisfactory to Administrative Agent.

(e)           Notwithstanding anything to the
contrary in this Section 5.9, clauses (a), (b), (c) and (d) of this Section
5.9 shall not apply to any Property, new Subsidiary or new Excluded Foreign
Subsidiary created or acquired after the Closing Date, as applicable, as to
which

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Administrative Agent has
determined in its sole discretion that the collateral value thereof is
insufficient to justify the difficulty, time and/or expense of obtaining a
perfected security interest therein.

5.10        Use of Proceeds.  Use the proceeds of the Loans only for the
purposes specified in Section 2.6.

5.11        ERISA Documents.  Deliver to Administrative Agent, promptly
upon Administrative Agent’s request, any or all of the following:  (i) a copy of each Plan (or, where any such
Plan is not in writing, a complete description thereof) and, if applicable,
related trust agreements or other funding instruments and all amendments
thereto, and all written interpretations thereof and written descriptions
thereof that have been distributed to employees or former employees of Borrower
or any of its Subsidiaries; (ii) the most recent determination letter issued by
the Internal Revenue Service with respect to each Plan; (iii) for the three
most recent plan years preceding Administrative Agent’s request, Annual Reports
on Form 5500 Series required to be filed with any governmental agency for each
Plan; (iv) a listing of all Multiemployer Plans, with the aggregate amount of
the most recent annual contributions required to be made by Borrower or any
Commonly-Controlled Entity to each such Plan and copies of the collective
bargaining agreements requiring such contributions; (v) any information that
has been provided to Borrower or any Commonly-Controlled Entity regarding
withdrawal liability under any Multiemployer Plan; (vi) the aggregate amount of
payments made under any employee welfare benefit plan (as defined in Section
3(1) of ERISA) to any retired employees of Borrower or any of its Subsidiaries
(or any dependents thereof) during the most recently completed Fiscal Year; and
(vii) documents reflecting any agreements between the PBGC and Borrower or any
Commonly-Controlled Entity with respect to any Plan.

5.12        Unrestricted Subsidiaries.  Ensure that no Restricted Subsidiary is owned
in whole or in part by an Unrestricted Subsidiary.

5.13        Interest Rate Protection.  Not later than 60 days after the Closing
Date, Borrower shall enter into one or more Hedge Agreements in form and
substance reasonably satisfactory to Administrative Agent, such that at least
40% of the aggregate principal amount of Borrower’s long-term Funded Debt is
subject to either a fixed interest rate or protection against fluctuations in
interest rates.

5.14        Maintenance of Rating.  Maintain a rating in respect of each of (i)
the credit facilities provided hereby and (ii) Borrower by S&P and by
Moody’s.

5.15        Further
Assurances.

(a)           From time to time execute and
deliver, or cause to be executed and delivered, such additional instruments,
certificates or documents, and take all such actions, as Administrative Agent
may reasonably request, for the purposes of implementing or effectuating the
provisions of this Agreement and the other Loan Documents, or of more fully
perfecting or renewing the rights of Administrative Agent and the Lenders with
respect to the Collateral (or with respect to any additions thereto or
replacements or proceeds or products thereof or with respect to any other
property or assets hereafter acquired by Borrower or any of its Restricted
Subsidiaries that may be deemed to be part of the Collateral), in each case, to
the extent required pursuant to Section 5.9 or the Security
Documents.  Upon the exercise by any
Agent or any Lender of any power, right, privilege or remedy pursuant to this
Agreement or the other Loan Documents that requires any consent, approval,
recording, qualification or authorization of any Governmental

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Authority, Borrower will
execute and deliver, or will cause the execution and delivery of, all
applications, certifications, instruments and other documents and papers that
such Agent or Lender may be required to obtain from Borrower or any of its
Subsidiaries for such governmental consent, approval, recording, qualification
or authorization.

(b)           Notwithstanding anything to the
contrary contained in this Agreement or any other Loan Document, in connection
with any amendment or amendment and restatement (including in connection with
the incurrence of any Permitted Secured Indebtedness or Permitted Secured
Refinancing) of this Agreement occurring after the Closing Date, Borrower and
its Restricted Subsidiaries shall not be required to take any action or incur
any costs with respect to any Mortgaged Property constituting a Leasehold
Property to more fully perfect, renew or protect the rights of Administrative
Agent and the Lenders with respect to any such Leasehold Property.

SECTION
6.         NEGATIVE COVENANTS

Borrower covenants and
agrees that, so long as the Commitments remain in effect, any Letter of Credit
remains outstanding or any Loan or other amount is owing to any Lender or any
Agent hereunder, Borrower shall not, nor shall it permit any of its Restricted
Subsidiaries (and, with respect to Section 6.2, Unrestricted
Subsidiaries) to, directly or indirectly:

6.1          Financial
Covenants.

(a)           Maximum Consolidated Adjusted
Leverage Ratio.  Permit the
Consolidated Adjusted Leverage Ratio as at the last day of any period of four
consecutive Fiscal Quarters to exceed the correlative ratio indicated below:

	
  Fiscal Quarter Ending

  	
   

  	
  Consolidated Adjusted

  Leverage Ratio

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2006 through 4th Fiscal Quarter of 2006

  	
   

  	
  6.00:1.00

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2007 through 4th Fiscal Quarter of 2007

  	
   

  	
  6.00:1.00

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2008 through 4th Fiscal Quarter of 2008

  	
   

  	
  5.75:1.00

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2009 through 4th Fiscal Quarter of 2009

  	
   

  	
  5.50:1.00

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2010 and thereafter

  	
   

  	
  5.25:1.00

  

 

(b)           Maximum Consolidated Leverage
Ratio.  Permit the Consolidated
Leverage Ratio as at the last day of any period of four consecutive Fiscal
Quarters to exceed the correlative ratio indicated below:

 85
 

 

 

	
  Fiscal Quarter Ending

  	
   

  	
  Consolidated

  Leverage Ratio

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2006 through 4th Fiscal Quarter of 2006

  	
   

  	
  4.00:1.00

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2007 through 4th Fiscal Quarter of 2007

  	
   

  	
  4.00:1.00

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2008 through 4th Fiscal Quarter of 2008

  	
   

  	
  3.75:1.00

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2009 through 4th Fiscal Quarter of 2009

  	
   

  	
  3.50:1.00

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter of 2010and thereafter

  	
   

  	
  3.25:1.00

  

 

(c)           Minimum Consolidated Adjusted
Interest Coverage Ratio.  Permit the
Consolidated Adjusted Interest Coverage Ratio as at the last day of any period
of four consecutive Fiscal Quarters to be less than 1.50:1.00.

6.2          Indebtedness.  Directly or indirectly create, incur, assume,
guarantee, or suffer to exist any Indebtedness, except:

(a)           the Obligations;

(b)           unsecured Indebtedness of any
Subsidiary Guarantor to Borrower or to any other Subsidiary Guarantor; provided that, (i) all such Indebtedness
shall be evidenced by one or more Intercompany Notes, each of which shall be
subject to a First Priority Lien in favor of and pledged to Administrative
Agent, as Collateral for the Obligations pursuant to the Guaranty and
Collateral Agreement, (ii) all such Indebtedness shall be unsecured and
subordinated in right of payment to the payment in full of the Obligations
pursuant to the terms of the applicable Intercompany Note, and (iii) any
payment by any such Guarantor under any guaranty of the Obligations shall
result in a pro tanto reduction
of the amount of any Indebtedness owed by such Subsidiary to Borrower or to any
of its Subsidiaries for whose benefit such payment is made;

(c)           Indebtedness of Borrower and its
Restricted Subsidiaries constituting Purchase Money Indebtedness, Capital Lease
Obligations or EITF 97-10 Capital Lease Obligations in an aggregate principal
amount not to exceed $100,000,000, including any refinancing of such Purchase
Money Indebtedness, Capital Lease Obligations or EITF 97-10 Capital Lease
Obligations, provided that, in
connection with such refinancing, the principal amount thereof shall not exceed
the principal amount of the Indebtedness so refinanced, plus accrued and unpaid interest thereon
and fees owing thereon, plus fees
and expenses relating to such refinancing, and the refinancing Indebtedness
shall have a later maturity date and a longer Weighted-Average Life to Maturity
than the Indebtedness so refinanced;

(d)           Indebtedness of Borrower or any of
its Restricted Subsidiaries (i) listed on Schedule 6.2(d) on the Fourth
Restated Credit Agreement Closing Date, (ii) constituting secured or unsecured
Acquired Indebtedness, so long as (w) except as permitted under Section
6.2(e),

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no Persons (other than
Persons acquired by Borrower or its Restricted Subsidiaries or contributed to
Borrower or its Restricted Subsidiaries in connection with a Permitted
Acquisition, or newly formed Persons by Borrower or any Guarantor for the
purpose of consummating a Permitted Acquisition (and which newly formed Persons
have no other assets other than those acquired in connection with such
Permitted Acquisition)) shall be obligated to or liable for such Acquired
Indebtedness, and no Liens shall secure such Acquired Indebtedness except for
Liens created prior to such Permitted Acquisition or capital contribution and
not in contemplation thereof, on assets of the Persons so acquired or
contributed, (x) such Acquired Indebtedness was not created in connection with
or in contemplation of the relevant Permitted Acquisition or capital
contribution (except to the extent such Acquired Indebtedness refinanced other
Indebtedness to facilitate the acquired entity becoming a Restricted Subsidiary
as required under Section 5.9), (y) the terms of such Acquired
Indebtedness do not conflict with the terms of, or cause a Default under, this
Agreement or any of the other Loan Documents, and (z) after giving effect to
the incurrence of such Acquired Indebtedness and the consummation of the
associated Permitted Acquisition, Borrower and its Subsidiaries shall be in pro forma compliance with the provisions
of Sections 5 and 6; provided
that, for purposes of determining compliance with this clause (ii), each
financial covenant in Section 6.1 shall be deemed to be 25 basis points
more restrictive to Borrower and its Restricted Subsidiaries, and (iii)
constituting refinancings of Indebtedness permitted pursuant to this Section
6.2(d) (provided that, (w)
refinancing Indebtedness under this Section 6.2(d) shall not be secured
by assets that did not secure the Indebtedness so refinanced and shall not
constitute obligations of Persons other than the Persons obligated on the
Indebtedness so refinanced, (x) refinancing Indebtedness under this clause (d)
shall have a later maturity date and a longer Weighted-Average Life to Maturity
than the Indebtedness so refinanced, (y) the principal amount of such
refinancing Indebtedness shall not exceed the principal amount of the
Indebtedness so refinanced, plus
accrued and unpaid interest and fees owing thereon, plus fees and expenses relating to such refinancing, and (z)
such refinancing Indebtedness shall not cause any conflict with the terms of,
or any Default under, this Agreement or any of the other Loan Documents);

(e)           unsecured Contingent Obligations made
in the ordinary course of business by Borrower or any Guarantor of obligations
of Borrower or any Guarantor; provided that,
in the case of Contingent Obligations with respect to obligations referenced in
Section 6.2(d), such Contingent Obligations are limited to customary and
usual exceptions to non-recourse obligations in non-recourse financings,
including liabilities for (x) fraud, waste, material misrepresentation or
willful misconduct, (y) indemnification with respect to any Hazardous Materials
Activity, or (z) other similar matters relating to intentional misconduct or bad
acts;

(f)            (i) secured Indebtedness of Borrower
and its Restricted Subsidiaries incurred (x) to make or finance Permitted
Acquisitions and Capital Expenditures with respect to the assets acquired in
any such Permitted Acquisition, to the extent that such Capital Expenditures
are identified and reasonably satisfactory to Administrative Agent at the time
of the incurrence of such Indebtedness, and are reasonably expected to be
completed within 365 days following the consummation of such Permitted
Acquisition, and (y) to pay related fees and expenses, and (ii) secured
Contingent Obligations of Borrower and any Guarantor in respect of such
Indebtedness (collectively, “Permitted
Secured Indebtedness”); provided
that, (A) such Indebtedness is created under this Agreement on terms to be
agreed on by Borrower, Administrative Agent and the lenders under such
Permitted Secured Indebtedness, and (B) immediately after giving effect to the
incurrence of such Indebtedness and the consummation of the associated
Permitted Acquisition, (I) Borrower and its Restricted Subsidiaries shall be in
pro forma compliance with the
provisions of Sections 5 and 6 (with the Consolidated Leverage
Ratio in Section 6.1(b) being deemed to be 25 basis points more
restrictive to Borrower and its Restricted Subsidiaries), (II) the aggregate
unused amount of Revolving Commitments then in effect plus unrestricted and unencumbered

 87
 

 

Cash and Cash Equivalents
(provided that, Cash and Cash
Equivalents subject to Liens granted under the Security Documents shall not be
deemed to be restricted or encumbered as a result thereof) held by Borrower and
its Restricted Subsidiaries in excess of $30,000,000 shall be not less than
$50,000,000, (III) any such Indebtedness constituting Term Loan Exposure shall
not have a scheduled final maturity prior to the Final Maturity Date and shall
have a Weighted-Average Life to Maturity equal to or longer than each tranche
of Term Loans then in effect, and (IV) any such Indebtedness constituting
Revolving Loan Exposure shall not amortize and shall have a scheduled final
maturity no earlier than the Revolving Commitment Termination Date.  Such Permitted Secured Indebtedness may
constitute additional Term Loan Exposure and/or Revolving Loan Exposure, and
may be implemented and conforming amendments made to this Agreement and other
Loan Documents to reflect its implementation and the terms thereof without the
consent of any Lender, as provided in Section 9.5(e); provided that, the aggregate amount of
Permitted Secured Indebtedness and Permitted Secured Refinancing that may be
outstanding as Revolving Loan Exposure shall not exceed $50,000,000;

(g)           Indebtedness of any Unrestricted
Subsidiary consisting entirely of Non-Recourse Debt of up to $500,000,000
in the aggregate for all Unrestricted Subsidiaries (exclusive of any such
Indebtedness incurred pursuant to an NCM Financing Transaction); provided that, if any such Indebtedness
ceases to be Non-Recourse Debt of such Unrestricted Subsidiary, such
event shall be deemed to constitute an incurrence of Indebtedness by a
Restricted Subsidiary that was not permitted by this Section 6.2(g);

(h)           Contingent Obligations of (x)
Unrestricted Subsidiaries in respect of the obligations of other Unrestricted
Subsidiaries not otherwise prohibited hereunder, and (y) Restricted
Subsidiaries that are not Guarantors in respect of the obligations of other
Restricted Subsidiaries that are not Guarantors;

(i)            (i) unsecured Indebtedness of
Borrower and its Restricted Subsidiaries incurred (x) to make or finance
Permitted Acquisitions, and Capital Expenditures with respect to the assets
acquired in such Permitted Acquisitions, to the extent that such Capital
Expenditures are identified and reasonably satisfactory to Administrative Agent
at the time of the incurrence of such Indebtedness, and are reasonably expected
to be completed within 365 days following the consummation of such Permitted
Acquisitions, and (y) to pay related fees and expenses, (ii) unsecured
Contingent Obligations of Borrower and any Guarantor in respect of such
Indebtedness  and (iii) any refinancings
of Indebtedness referred to in this Section 6.2(i) (collectively
(including such refinancings), “Permitted
Subordinated Indebtedness”); provided
that, (A) such Permitted Subordinated Indebtedness (1) is subordinated to the
Obligations pursuant to terms satisfactory to Administrative Agent, and is
otherwise on such terms that are reasonably satisfactory to Administrative
Agent, and (2) has a scheduled final maturity at least six months after the Final
Maturity Date in effect when such Permitted Subordinated Indebtedness is
incurred, and (B) after giving effect to the incurrence of such Permitted
Subordinated Indebtedness and the consummation of any associated Permitted
Acquisitions, Borrower and its Restricted Subsidiaries shall be in pro forma compliance with the provisions
of Sections 5 and 6; provided
further that, for purposes of determining compliance with this
clause (B), each financial covenant in Section 6.1 shall be deemed to be
25 basis points more restrictive to Borrower and its Restricted Subsidiaries;
and provided further that, any
refinancing permitted by Section 6.2(i)(iii) shall be (x) for a
principal amount not to exceed the sum of (I) the principal amount of the
Indebtedness so refinanced (or if issued with the original-issue discount, the
accreted value thereof at the time of such refinancing), (II) accrued and
unpaid interest, fees and expenses owing with respect thereto, (III) tender
fees or redemption premiums required to be paid thereon, and (IV) fees and
expenses relating to such refinancing;

 88
 

 

(j)            (i) secured Indebtedness of Borrower
and its Restricted Subsidiaries incurred to refinance the Obligations under the
Loan Documents (and pay related fees and expenses in connection with the
refinancing, and accrued and unpaid interest, fees and expenses on the
Obligations) and (ii) secured Contingent Obligations of Borrower and any
Guarantor in respect of such Indebtedness (collectively, “Permitted Secured Refinancing”); provided that, (A) such Permitted Secured
Refinancing is created under this Agreement on terms to be agreed on by
Borrower, Administrative Agent and the lenders under such Permitted Secured
Refinancing, (B) after giving effect to such Permitted Secured Refinancing and
the application of the proceeds thereof, Borrower and its Restricted
Subsidiaries shall be in pro forma
compliance with the provisions of Sections 5 and 6, (C) the
principal amount thereof does not exceed the sum of the principal amount of the
Indebtedness being so refinanced, accrued and unpaid interest and fees owing
with respect thereto, and fees and expenses relating to such Permitted Secured
Refinancing, (D) the Net Cash Proceeds of such Permitted Secured Refinancing
shall be applied to prepay Loans and, if applicable, permanently reduce
Commitments in accordance with the requirements applicable thereto as set forth
in Sections 2.14 and 2.15, (E) any such Permitted Secured
Refinancing constituting Term Loan Exposure does not have a scheduled final
maturity prior to the Final Maturity Date and shall have a Weighted-Average
Life to Maturity equal to or longer than each tranche of Term Loans then in
effect, and (F) any such Permitted Secured Refinancing constituting Revolving
Loan Exposure shall not amortize and shall have a scheduled final maturity no
earlier than the Revolving Commitment Termination Date.  Such Permitted Secured Refinancing may
constitute additional Term Loan Exposure and/or Revolving Loan Exposure, and
may be implemented and conforming amendments made to this Agreement and other
Loan Documents to reflect its implementation and the terms thereof without the
consent of any Lender as provided in Section 9.5(e); provided that, the aggregate amount of
Permitted Secured Refinancing and Permitted Secured Indebtedness that may be
outstanding as Revolving Loan Exposure, shall not exceed $50,000,000;

(k)           (i) subordinated Indebtedness of
Borrower and its Restricted Subsidiaries incurred to refinance the Obligations
under the Loan Documents, (ii) subordinated Contingent Obligations of Borrower
and any Guarantor in respect of such Indebtedness, and (iii) any refinancing of
such Indebtedness referred to in this Section 6.2(k) or Section
6.2(l) below (collectively, “Permitted
Subordinated Refinancing”); provided
that, (A) such Permitted Subordinated Refinancing shall be subordinated to the
Obligations of Borrower and Guarantors pursuant to terms satisfactory to
Administrative Agent, and is otherwise on such terms that are reasonably
satisfactory to Administrative Agent, (B) such Permitted Subordinated
Refinancing has a scheduled final maturity at least six months after the Final
Maturity Date in effect when such Permitted Subordinated Refinancing is
incurred, (C) after giving effect to the incurrence of such Permitted
Subordinated Refinancing and the application thereof, Borrower and its
Restricted Subsidiaries shall be in pro
forma compliance with the provisions of Sections 5 and 6,
(D) the principal amount thereof does not exceed the sum of (1) the principal amount
of the Indebtedness being so refinanced (or if issued with original issue
discount, the accreted value thereof at the time of such refinancing), (2)
accrued and unpaid interest, fees and expenses owing with respect thereto, (3)
any tender fees or redemption premiums required to be paid thereon, and (4)
fees and expenses relating to such Permitted Subordinated Refinancing, and (E)
the Net Cash Proceeds of such Permitted Subordinated Refinancing shall be
applied to prepay Loans and, if applicable, permanently reduce Commitments in
accordance with the requirements applicable thereto as set forth in Sections
2.14 and 2.15 (except that with respect any refinancing pursuant to
clause (iii) above, the proceeds thereof shall be applied to repay or refinance
Indebtedness incurred under this Section 6.2(k) or Section 6.2(l));

(l)            (i) unsecured senior Indebtedness of
Borrower and its Restricted Subsidiaries incurred to refinance the Obligations
under the Loan Documents, (ii) unsecured senior

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Contingent Obligations of
Borrower and any Guarantor in respect of such Indebtedness and (iii) any
unsecured refinancing of such Indebtedness referred to in this Section
6.2(l) (collectively, “Permitted Senior
Refinancing”); provided
that, (A) such Permitted Senior Refinancing shall be on terms reasonably
satisfactory to Administrative Agent, (B) such Permitted Senior Refinancing has
a scheduled final maturity at least six months after the Final Maturity Date in
effect when such Permitted Senior Refinancing is incurred, (C) after giving
effect to the incurrence of such Permitted Senior Refinancing and the
application thereof, Borrower and its Restricted Subsidiaries shall be in pro forma compliance with the provisions
of Sections 5 and 6, (D) the principal amount thereof does not
exceed the sum of the principal amount of the Indebtedness being so refinanced,
accrued and unpaid interest and fees owing with respect thereto, any tender
fees or redemption premiums required to be paid thereon, and fees and expenses
relating to such Permitted Senior Refinancing, and (E) the Net Cash Proceeds of
such Permitted Senior Refinancing shall be applied to prepay Loans, and, if
applicable, permanently reduce Commitments in accordance with the requirements
applicable thereto as set forth in Sections 2.14 and 2.15 (except
that with respect any refinancing pursuant to clause (iii) above, the proceeds
thereof shall be applied to repay or refinance Indebtedness referred to in this
Section 6.2(l)); and

(m)          unsecured Indebtedness of a Foreign
Subsidiary owed to another Foreign Subsidiary.

6.3          Liens.  Create, incur, assume or permit to exist any
Lien on any of its Property, whether now owned or hereafter acquired, or any
income or profits therefrom, except for:

(a)           Liens for taxes not yet due (or, in
the case of real property taxes and assessments, not yet delinquent) or that
are being contested in good faith by appropriate proceedings; provided that, adequate reserves with
respect thereto are maintained on the books of the applicable Loan Party, as
the case may be, in conformity with GAAP;

(b)           carriers’, warehousemen’s,
mechanics’, materialmen’s, repairmen’s or other like Liens arising in the
ordinary course of business that are not overdue for a period of more than 30
days or that are being contested in good faith by appropriate proceedings; provided that, adequate reserves with
respect thereto are maintained on the books of the applicable Loan Party, as
the case may be, in conformity with GAAP;

(c)           pledges or deposits in connection
with workers’ compensation, unemployment insurance and other social security
legislation;

(d)           deposits by or on behalf of any
Restricted Subsidiary to secure the performance of bids, trade contracts (other
than for borrowed money), leases, statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature incurred in the
ordinary course of business;

(e)           easements, rights-of-way,
restrictions and other similar encumbrances incurred in the ordinary course of
business that, in the aggregate, are not substantial in amount and that do not
in any case materially interfere with the ordinary conduct of the business of
Borrower or any of its Restricted Subsidiaries;

(f)            Liens listed on Schedule 6.3(f)
in existence on the Fourth Restated Credit Agreement Closing Date and securing
Indebtedness permitted by Section 6.2(d) or securing any Acquired
Indebtedness (or refinancing thereof) permitted under Section 6.2(d)(ii)
or 6.2(d)(iii); provided
that, no such Lien is expanded (x) after the Fourth Restated Credit Agreement
Closing

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Date (with respect to
Liens listed on Schedule 6.3(f)), or (y) after the date of assumption of
such Indebtedness (with respect to Liens securing Acquired Indebtedness or
refinancing thereof) to cover any additional Property not covered immediately
prior to such date (or the date of such assumption) and that the amount of
Indebtedness secured thereby is not increased, except as permitted in Section
6.2(d)(iii);

(g)           Liens securing Indebtedness of
Borrower or any Restricted Subsidiary incurred pursuant to Section 6.2(c);
provided that, (i) such Liens
shall be created substantially concurrently with the incurrence of such
Indebtedness, (ii) such Liens do not at any time encumber any Property other
than the Property financed by such Indebtedness (or the Indebtedness being
refinanced pursuant to Section 6.2(c)), and (iii) the amount of
Indebtedness secured thereby (in the case of a refinancing) is not increased,
except as permitted in Section 6.2(c);

(h)           Liens created pursuant to the Loan
Documents securing the Obligations;

(i)            any (x) interest or title of a
lessor under any lease of real property entered into by Borrower or any of its
Restricted Subsidiaries in the ordinary course of its business and covering
only the assets so leased or Liens (not material in the aggregate) in favor of
a lessor created by statute or by the terms of a lease limited to furniture,
fixtures and equipment located at the leased property, and (y) interests or
rights of a creditor of a landlord pursuant to a subordination or other similar
agreement entered into in the ordinary course of business covering only the
property subject to the terms of such lease;

(j)            any Liens in the nature of rights of
first refusal, purchase options, call rights, redemption rights, and other
restrictions on transfer (x) existing as of the Closing Date in respect of the
shares of Fandango, Inc. held by Borrower or its Subsidiaries, (y) relating to
equity interests in any Person not constituting a Restricted Subsidiary or (z)
that, if exercised by the holder thereof would constitute a Disposition
permitted under the Loan Documents;

(k)           Liens with respect to transactions
permitted under Section 6.11 on the property so leased;

(l)            to the extent constituting Liens,
obligations under Capital Lease Obligations and EITF 97-10 Capital Lease
Obligations incurred pursuant to Section 6.2(c) and obligations under
the UA Pass-Through Trust Documents; provided
that, such Liens do not at any time encumber any Property other than the
Property financed by such Indebtedness or obligations;

(m)          the title exceptions disclosed in the
title policies insuring the Mortgages (or, in the context of a New Mortgage to
be granted, the title exceptions disclosed in a commitment to issue a title
policy insuring such New Mortgage that are approved by Administrative Agent);
and

(n)           purported Liens evidenced by the
filing of UCC financing statements relating solely to operating leases of
personal property entered into in the ordinary course of business.

6.4          Limitation on Fundamental Changes.  Enter into any merger, consolidation or
amalgamation, or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution), or Dispose of all or substantially all of its
Property or business, except that:

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(a)           any Restricted Subsidiary may be
merged or consolidated with or into Borrower (provided
that, Borrower shall be the continuing or surviving corporation) or with or
into any Subsidiary Guarantor (provided
that, such Subsidiary Guarantor shall be the continuing or surviving
corporation), in each case so long as Borrower or such Wholly-Owned Subsidiary
Guarantor would be deemed Solvent as a result of such merger or consolidation;

(b)           any Restricted Subsidiary may Dispose
of any or all of its assets (upon voluntary liquidation or otherwise) (i) to
Borrower or any Subsidiary Guarantor or (ii) to any other Person pursuant to a
transaction permitted by Section 6.5;

(c)           Borrower may Dispose of assets (but
not all or substantially all of its assets) to any Subsidiary Guarantor;

(d)           any Foreign Subsidiary may liquidate,
wind up or dissolve itself (or suffer any liquidation or dissolution) or may be
merged or consolidated with or into, or may dispose of all or substantially all
of its assets to, any other Foreign Subsidiary;

(e)           any Restricted Subsidiary may merge
or consolidate with Persons acquired pursuant to a Permitted Acquisition; and

(f)            during the period that the UA
Pass-Through Certificates Restriction is in effect, any UA Subsidiary may be
merged or consolidated with or into, and may dispose of all or substantially
all of its assets to, Wholly-Owned Subsidiaries that are UA Subsidiaries.

6.5          Limitation on Disposition of Property.  Dispose of any Property (other than Cash or
Cash Equivalents) of Borrower or any of its Restricted Subsidiaries (including
receivables and leasehold interests), whether now owned or hereafter acquired,
including, in the case of any Restricted Subsidiary, issuing or selling any
shares of such Restricted Subsidiary’s Capital Stock to any Person, except for,
subject to compliance with the requirements of Section 2.14(a):

(a)           the Disposition of obsolete or worn
out property in the ordinary course of business;

(b)           (i) leases, subleases and concessions
of interests in real and personal property, (ii) the sale of inventory and
(iii) licenses of intellectual property, in each case in the ordinary course of
business;

(c)           Dispositions permitted by Section
6.4 (other than Section 6.4(b)(ii));

(d)           the sale or issuance of (i) any
Subsidiary’s Capital Stock to Borrower or any Subsidiary Guarantor, (ii) any
Foreign Subsidiary’s Capital Stock to another Foreign Subsidiary, and (iii)
during the period that the UA Pass-Through Certificates Restriction is in
effect, any UA Subsidiary’s (other than a UA First-Tier Subsidiary) Capital
Stock to another UA Subsidiary;

(e)           Dispositions by Borrower or any of
its Restricted Subsidiaries of other assets having a fair market value not to
exceed $100,000,000 in the aggregate for any Fiscal Year;

(f)            any Recovery Event;

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(g)           an exchange or “swap” of fixed,
tangible assets of any Restricted Subsidiary for the assets of a Person other
than Borrower or its Restricted Subsidiaries; provided
that, (i) the assets received by Borrower or such Restricted Subsidiary will be
used or useful in its respective Line of Business, and (ii) Borrower or such
Restricted Subsidiary receives reasonable equivalent value for such assets,
such equivalent value to be demonstrated to the reasonable satisfaction of
Administrative Agent (or, in the case of an exchange or “swap” with a
non-Affiliate of any Loan Party, as determined by the board of directors of the
applicable Restricted Subsidiary); provided
further that, the fair market value of all such assets exchanged or
“swapped” in any Fiscal Year does not exceed $100,000,000; and

(h)           Dispositions permitted under Section
6.8(j), (m) or 6.11 with consideration payable in other than
Cash or Cash Equivalents being determined according to the fair market value
thereof.  For purposes of this Section
6.5(h) the fair market value of any disposed assets other than Cash or Cash
Equivalents (i) shall, if such fair market value is less than $25,000,000, be
as determined by the board of directors of Borrower, and (ii) shall, if such
fair market value is $25,000,000 or more, be determined according to an opinion
or valuation with respect to the fair market value of such assets from an
independent investment banking firm, appraisal or valuation firm, in each case
of national reputation in the United States, which opinion shall have been
obtained and delivered to Administrative Agent not later than 30 days after the
consummation of such disposition; provided,
however, that in the case of any assets disposed of within 30 days
following the acquisition of such assets by Borrower or its Restricted
Subsidiaries from a third party that is not an Affiliate in an arm’s-length
transaction, the requirements of the immediately preceding clauses (i) and (ii)
shall not apply and the fair market value of the disposed assets shall be
deemed to be the amount paid for such assets by Borrower or its Restricted
Subsidiaries.

6.6          Limitation on Restricted Payments.  Declare or pay any dividend (other than
dividends payable solely in Capital Stock that is not Disqualified Stock of the
Person making such dividend) on, or make any payment on account of, or set
apart assets for a sinking or other analogous fund for, the purchase,
redemption, defeasance, retirement or other acquisition of, any Capital Stock
of Borrower or any of its Restricted Subsidiaries, whether now or hereafter
outstanding, or make any other distribution in respect thereof, either directly
or indirectly, whether in cash or property or in obligations of Borrower or any
of its Restricted Subsidiaries, or enter into any derivatives or other
transaction with any financial institution, commodities or stock exchange or
clearinghouse (a “Derivatives Counterparty”)
obligating Borrower or any of its Restricted Subsidiaries to make payments to
such Derivatives Counterparty as a result of any change in market value of any
such Capital Stock (collectively, “Restricted
Payments”), except that the following Restricted Payments may be
made:

(a)           any Restricted Payment, to the extent
that such Restricted Payment would constitute any dividend, distribution or
other payment on or with respect to equity interests of an issuer to the extent
payable solely in shares of Capital Stock of such issuer, other than
Disqualified Stock;

(b)           the purchase or acquisition of
Capital Stock of a Guarantor;

(c)           Restricted Payments, the proceeds of
which are used by the Parent within 10 Business Days following the making
thereof, for the redemption, repurchase or acquisition of all or a portion of
the Parent’s 3 3⁄4% Convertible Senior Notes Due May 15, 2008;

(d)           any Restricted Payment, to the extent
that such Restricted Payment would constitute any dividend, distribution or
other payment to Borrower or to any of the Guarantors,

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by Borrower or any of its
Subsidiaries (and, in the case of any Restricted Subsidiary that is not a
Wholly-Owned Subsidiary, payments to any other equity owner thereof in an
aggregate amount not to exceed $10,000,000 during the term of this Agreement so
long as the Borrower or the Restricted Subsidiary which owns the equity
interest in the Subsidiary making such Restricted Payment receives at least its
proportionate share thereof);

(e)           any Restricted Payment if

(A)          the
value of such Restricted Payment, together with the aggregate value of all
other Restricted Payments made on or after the Fourth Restated Credit Agreement
Closing Date pursuant to this Section 6.6(e) (or Section 6.6(e)
in the Fourth Restated Credit Agreement), does not exceed (I) the sum of (v)
$100,000,000, (w) for the period commencing on May 1, 2004, and ending on July
1, 2004, and for each Fiscal Quarter of Borrower thereafter, the sum of 50% of
the Consolidated Excess Cash Flow of Borrower for each such period, in each
case for which financial statements have been delivered pursuant to Section
5.1(a) or 5.1(c) at the time of such Restricted Payment, (x) 100% of
the aggregate Net Cash Proceeds received by Borrower as a capital contribution
or from the issuance or sale to Holdings of Capital Stock of Borrower (other
than Disqualified Stock), in each case, after the Fourth Restated Credit
Agreement Closing Date and on or prior to the time of such Restricted Payment
(but only to the extent such proceeds are not otherwise required to be applied
to repay Loans pursuant to Sections 2.14(b) and 2.15), (y) the
amount of NCM Extraordinary Payments, and (z) the fair market value of assets
(excluding Foreign Subsidiaries, Unrestricted Subsidiaries and Foreign Assets)
contributed as a capital contribution to Borrower (provided that, such assets are pledged as Collateral to
Administrative Agent, and in the case of any Subsidiary so contributed, such
Subsidiary becomes a Guarantor, in each case, to the extent required under Section
5.9 or under the Security Documents, within the applicable time periods set
forth therein), less (II) the sum
of (w) all taxes attributable to NCM Extraordinary Payments that have been paid
or are due and payable, (x) Investments made by Borrower or any of its
Subsidiaries pursuant to Section 6.8(j) (including direct or indirect
Investments in Foreign Subsidiaries or Foreign Assets pursuant to Section
6.8(f) to the extent such Investments in Foreign Subsidiaries or Foreign
Assets (measured at the fair market value thereof at the time of such
Investment) exceed the then applicable Foreign Subsidiary Investment Basket),
(y) prepayments, repurchases, redemptions or defeasances of Indebtedness made
pursuant to Section 6.9(a)(ii), and (z) Capital Expenditures made
pursuant to Section 6.7(b); and

(B)           (x)
at the time of such Restricted Payment, no Default or Event of Default shall
have occurred and be continuing, and after giving effect to such Restricted
Payment, Borrower and its Restricted Subsidiaries shall be in pro forma compliance with each financial
covenant in Section 6.1 (provided that,
for purposes of determining compliance with this clause (B), each financial
covenant in Section 6.1 shall be deemed to be 25 basis points more
restrictive to Borrower and its Restricted Subsidiaries), and (y) such
Restricted Payment is made in cash or Cash Equivalents.  For purposes of this Section 6.6, the
fair market value of any assets other than cash contributed as a capital
contribution to Borrower (i) shall, if such fair market value is less than
$25,000,000, be as determined by the board of directors of Borrower, and (ii)
shall, if such fair market value is $25,000,000 or more, be determined
according to an opinion or valuation with 

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respect to the fair market value of such assets from
an independent investment banking firm, appraisal or valuation firm, in each
case of national reputation in the United States, which opinion shall have been
obtained and delivered to Administrative Agent not later than 30 days after the
consummation of such capital contribution; provided,
however, that in the case of any assets contributed within 30 days
following the acquisition of such assets by an Affiliate of Borrower from a
third party that is not an Affiliate in an arm’s-length transaction, the
requirements of the immediately preceding clauses (i) and (ii) shall not apply
and the fair market value of the contributed assets shall be deemed to be the
amount paid for such assets by such Affiliate;

(f)            any payments to a Parent Entity, (1)
to enable the Parent Entity to pay federal, state, local or foreign tax
liabilities relating to Borrower’s operations, assets, or capital or those of
Borrower’s Domestic Subsidiaries (a “Tax
Payment”), in an amount equal to the lesser of (i) the amount of any
tax liabilities that would otherwise be payable by Borrower and Borrower’s
Domestic Subsidiaries to the appropriate taxing authorities to the extent that
the Parent Entity has an obligation to pay such tax liabilities relating to
Borrower’s operations, assets, or capital or those of Borrower’s Domestic
Subsidiaries, and (ii) the amount determined by assuming that Borrower is the
parent company of an affiliated group or similar foreign or state and local
group, as the case may be (the “Borrower
Affiliated Group”), filing a consolidated federal income tax return
or similar foreign or state and local tax return, as the case may be, and that
the Parent Entity and each such Domestic Subsidiary is a member of the Borrower
Affiliated Group, provided that,
any Tax Payments shall either be used by the Parent Entity to pay such tax
liabilities within 90 days of the Parent Entity’s receipt of such payment or
refunded to Borrower; and (2) in an aggregate amount not to exceed $1,000,000
per year to pay legal and accounting expenses, payroll and other compensation
expenses in the ordinary course of business, and other corporate overhead
expenses in the ordinary course of business; and

(g)           any Restricted Payment, to the extent
that such Restricted Payment would constitute any dividend, distribution or
other payment by (i) a Foreign Subsidiary to another Foreign Subsidiary, or
(ii) a UA Subsidiary to another UA Subsidiary during the period that the UA
Pass-Through Certificates Restriction is in effect.

6.7          Limitation on Capital Expenditures.  Make or commit to make any Capital
Expenditure in any Fiscal Year, except: 
(a) Capital Expenditures of Borrower or Restricted Subsidiaries of
Borrower in the ordinary course of business not exceeding an amount equal to Consolidated
EBITDA of Borrower and its Restricted Subsidiaries for the prior Fiscal Year
multiplied by 0.35; provided that,
(w) such amount shall be increased with respect to any Restricted Subsidiary
acquired, or any assets acquired in a Permitted Acquisition, in each case in
the then current Fiscal Year, by an amount equal to (i) Consolidated EBITDA of
such acquired Restricted Subsidiary (calculated by reference to such acquired
Restricted Subsidiary and its Restricted Subsidiaries only) during the last
fiscal year of such Restricted Subsidiary for which audited financial
statements are available, or (ii) the Consolidated EBITDA that would have been
attributable to such acquired assets during the prior fiscal year (as
reasonably determined by Borrower and approved by Administrative Agent), in each
case, multiplied by 0.35, multiplied by a fraction, the numerator of which is
365 minus the number of days that
elapsed in the then current Fiscal Year of Borrower prior to such acquisition,
and the denominator of which is 365, (x) the amount available for Capital
Expenditures in any Fiscal Year pursuant to this clause (a) and unused in such
Fiscal Year may be carried forward to the immediately following Fiscal Year and
may be used in such following Fiscal Year only (it being understood that unused
amounts under the Existing Credit Agreement with respect to Fiscal Year 2005
may be carried forward to Fiscal Year 2006), 

 95
 

 

(y) such carried forward
amount will be used first in such following Fiscal Year, prior to using the
amount otherwise available in such Fiscal Year pursuant to this clause (a), and
(z) the maximum amount available of Capital Expenditures in any Fiscal Year
that may be carried forward to the immediately following Fiscal Year shall not
exceed the amount available for Capital Expenditures in such first Fiscal Year
(without taking into account any amount carried over from the previous Fiscal
Year); and (b) Capital Expenditures of Borrower and its Restricted Subsidiaries
to the extent of any Net Cash Proceeds received by Borrower as a capital contribution
or from issuances or sales to Holdings of Capital Stock of Borrower, in each
case after the Fourth Restated Credit Agreement Closing Date, to the extent
that (x) such Net Cash Proceeds are not required to be applied to repay Loans
pursuant to Sections 2.14(b) and 2.15, and (y) Borrower could
make a Restricted Payment of the same amount pursuant to Section 6.6(e)
(it being understood that any such Capital Expenditures shall, without
duplication, reduce dollar-for-dollar the amount available for Restricted
Payments under Section 6.6(e)). 
Permitted Acquisitions made in accordance with Section 6.8(f)
shall not be deemed to be Capital Expenditures for the purposes of this Section
6.7.

6.8          Limitation
on Investments.  Make
any advance, loan, extension of credit (by way of guaranty or otherwise) or
capital contribution to, or purchase or otherwise acquire for value any Capital
Stock, bonds, notes, debentures or other debt securities of, or any assets
constituting an ongoing business from, or make any other investment in, any
other Person (all of the foregoing, “Investments”),
except:

(a)           extensions of trade credit by
Borrower or any of its Restricted Subsidiaries in the ordinary course of
business;

(b)           Investments by Borrower or any of its
Restricted Subsidiaries in Cash Equivalents;

(c)           Investments arising in connection
with the incurrence of Indebtedness permitted by Section 6.2(b);

(d)           loans and advances to employees of
Borrower or any of its Restricted Subsidiaries in the ordinary course of
business (including for travel, entertainment and relocation expenses) in an
aggregate amount not to exceed $2,000,000 at any one time outstanding;

(e)           Investments constituting Contingent
Obligations permitted under Section 6.2;

(f)            acquisitions by Borrower or any of its
Restricted Subsidiaries of Persons or ongoing businesses (including an
operating theatre), whether pursuant to a capital contribution or purchase
(each a “Permitted Acquisition”); provided that, (A) each such Permitted
Acquisition is of a Person or ongoing business in a Line of Business in which
the acquiror is permitted to engage pursuant to Section 6.15; (B) (i)
any Person so acquired becomes a Restricted Subsidiary and a Guarantor under
the Guaranty and Collateral Agreement and the other requirements of Section
5.9 and the Security Documents are satisfied within the applicable time
periods set forth therein (other than Foreign Subsidiaries to the extent that
(x) the fair market value of all such Foreign Subsidiaries acquired pursuant to
a Permitted Acquisition (determined at the time of acquisition) is less than
the Foreign Subsidiary Investment Basket, plus
the amount available for Investments under Section 6.8(j), or
(y) such Foreign Subsidiaries are acquired pursuant to a capital contribution
for no consideration), and (ii) any assets so acquired are pledged under the
Guaranty and Collateral Agreement and the other Security Documents, within the
time periods set 

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forth in, and to the
extent required under, the Loan Documents (provided
that, any Foreign Assets shall only be permitted to be acquired pursuant to
this Section 6.8(f) to the extent that (x) the fair market value of such
assets (determined at the time of acquisition) is less than the Foreign
Subsidiary Investment Basket plus
the amount available for Investments under Section 6.8(j), or (y) such
Foreign Assets are acquired pursuant to a capital contribution for no
consideration); and (C) after giving effect to each such Permitted Acquisition,
Borrower and its Restricted Subsidiaries shall be in pro forma compliance with the covenants and agreements set
forth in this Agreement provided
that, for purposes of determining compliance with this clause (C), each
financial covenant in Section 6.1 shall be deemed to be 25 basis points
more restrictive to Borrower and its Restricted Subsidiaries than the ratios
set forth in such Section 6.1. 
Foreign Subsidiaries or Foreign Assets, directly or indirectly acquired
in connection with a Permitted Acquisition (except pursuant to a capital
contribution), will first, reduce
the Foreign Subsidiary Investment Basket and second,
to the extent that the Foreign Subsidiary Investment Basket is reduced to zero,
reduce the amount available for Investments under Section 6.8(j) and the
amount available for Restricted Payments under Section 6.6(e) (in each
case, according to the fair market value of such Foreign Subsidiaries or
Foreign Assets at the time of such Permitted Acquisition).  The fair market value of any Foreign
Subsidiaries or Foreign Assets acquired in a Permitted Acquisition shall (i) if
such fair market value is less than $25,000,000, be as determined by the board
of directors of Borrower, and (ii) if such fair market value is $25,000,000 or
more, be determined according to an opinion or valuation with respect to the
fair market value of such Foreign Subsidiaries from an independent investment
banking, appraisal or valuation firm, in each case of national reputation in
the United States, which opinion shall have been obtained and delivered to
Administrative Agent within 30 days of the consummation of such Permitted
Acquisition.  In connection with any
Permitted Acquisition, Borrower may, with the prior written consent of
Administrative Agent (such consent not to be unreasonably withheld) and,
without the consent of any other Lender, (i) supplement the Schedules to this
Agreement and the Guaranty and Collateral Agreement to reflect the assets and
liabilities acquired pursuant to such Permitted Acquisition, and (ii) specify
additional qualifications to the representations and warranties contained in
this Agreement and the Guaranty and Collateral Agreement that cannot be
implemented through such update of schedules; it being understood that such
supplement and additional qualifications shall apply each time that the representations
and warranties in this Agreement or the other Loan Documents are made or deemed
made by a Loan Party on or after the date of the Permitted Acquisition;

(g)           Investments (other than those
relating to the incurrence of Indebtedness permitted by Section 6.8(c))
by Borrower or its respective Restricted Subsidiaries in any Person that, prior
to such Investment, is a Guarantor and Investments by any Restricted Subsidiary
in Borrower;

(h)           Investments (other than with respect
to Foreign Subsidiaries or Foreign Assets) held by Persons acquired pursuant to
a Permitted Acquisition, to the extent that the fair market value thereof (if
such fair market value exceeds $25,000,000, then such fair market value to be
determined as provided with respect to Foreign Subsidiaries in Section
6.8(f)) at the time of such Permitted Acquisition is less than 5% of the
consideration paid (including assumed liabilities) by Borrower and its
Restricted Subsidiaries in connection with such Permitted Acquisition;

(i)            Investments by Borrower or any of
its Restricted Subsidiaries in an amount not to exceed an amount necessary to
(i) purchase all outstanding UA Pass-Through Certificates or repay the full
outstanding principal amount, accrued interest and any penalty or premium on the
UA Pass-Through Certificates, and (ii) purchase the equity interest in the
trust that is the issuer of such UA Pass-Through Certificates; provided that, (A) each UA Subsidiary
simultaneously becomes (x) a Restricted Subsidiary of Borrower or of any of its
Restricted Subsidiaries, 

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and (y) a Guarantor and
(B) the other applicable requirements of Section 5.9 are satisfied
within the applicable time periods set forth therein;

(j)            Investments by Borrower or any of
its Restricted Subsidiaries, in each case, to the extent that Borrower could
make a Restricted Payment of the same amount pursuant to Section 6.6(e)
(it being understood that any such Investment shall, without duplication,
reduce dollar-for-dollar the amount available for Restricted Payments under Section
6.6(e));

(k)           the creation of new Subsidiaries with
nominal capitalization, subject to all of the other provisions of this
Agreement;

(l)            Investments made as a result of the
receipt of non-Cash consideration from any Disposition made in accordance with Section
6.5; provided that, in no
event shall such non-Cash consideration constitute more than 25% of the total
consideration received in connection with such Disposition;

(m)          Investments by Borrower or its
Restricted Subsidiaries in Foreign Subsidiaries in an aggregate amount
outstanding (measured at the time each such Investment is made based on the
amount of each such Investment and without giving effect to changes in the
value thereof) not to exceed the Foreign Subsidiary Investment Basket then in effect;

(n)           Investments by a Foreign Subsidiary
in another Foreign Subsidiary;

(o)           Investments during the period that
the UA Pass-Through Certificates Restriction is in effect by a UA Subsidiary in
another UA Subsidiary; and

(p)           Investments as a result of the
receipt of non-cash consideration in the settlement of any litigation or
claims.

6.9          Limitation on Optional Payments and
Modifications of Indebtedness and Organizational Documents.  (a) Make or offer to make any optional or
voluntary payment, prepayment, repurchase or redemption of, or otherwise
voluntarily or optionally defease, any Indebtedness, or segregate funds for any
such payment, prepayment, repurchase, redemption or defeasance, or enter into
any derivative or other transaction with any Derivatives Counterparty
obligating Borrower or any of its Subsidiaries to make payments to such
Derivatives Counterparty as a result of any change in market value of such
Indebtedness (which shall not include Hedge Agreements for purposes of this Section
6.9), other than (i) the prepayment, repurchase, redemption or defeasance
of Indebtedness (including any offer related thereto) incurred hereunder or
under Section 6.2(b), 6.2(c), 6.2(d) or 6.2(m),
(ii) the prepayment, repurchase, redemption or defeasance (including any offer
related thereto) of Indebtedness (other than that referred to in clause (i)) to
the extent Borrower could make a Restricted Payment of the same amount pursuant
to Section 6.6 (it being understood that any such payment shall, without
duplication, reduce dollar-for-dollar the amount available for Restricted
Payments under Section 6.6(e)), (iii) offers to make any voluntary
payment, prepayment, repurchase, redemption or defeasance that are conditioned
upon approval of the Requisite Lenders, and (iv) refinancings (including
pursuant to prepayment, repurchase, redemption or defeasance) of Indebtedness
permitted pursuant to Sections 6.2(i), 6.2(k) and 6.2(l);
(b) without the prior consent of the Administrative Agent, amend, modify or
otherwise change, or consent or agree to any amendment, modification, waiver or
other change to, any of the terms (including the subordination terms) of any
Indebtedness incurred under Sections 6.2(i), 6.2(k) and 6.2(l)
(other than any such amendment, modification, waiver or other change that (i)
is no less favorable to Borrower, its Restricted Subsidiaries and the Secured
Parties than the provision 

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so amended, modified or
waived in any material respect, or (ii) (x) would extend the maturity or reduce
the amount of any payment of principal thereof, reduce the rate or extend the
date for payment of interest thereon or provide for the addition of guarantors
as permitted under this Agreement and (y) does not involve the payment of a
consent fee); (c) take any action to designate any Indebtedness (other than the
Obligations and Indebtedness permitted under Section 6.2(1)) as
“Designated Senior Indebtedness” (or any similar term referring to specifically
enumerated Indebtedness entitled to block payments in respect of Permitted Subordinated
Indebtedness or Permitted Subordinated Refinancing) for the purposes of any
documents relating to Permitted Subordinated Indebtedness or Permitted
Subordinated Refinancing; or (d) without the consent of Administrative Agent
(not to be unreasonably withheld or delayed), amend or permit the amendment of
its Organizational Documents in any manner that could reasonably be expected to
be adverse to the Lenders; provided
that, this clause (d) shall not prohibit the consummation of any transaction
permitted by Section 6.4.

6.10        Limitations
on Transactions with Affiliates.  Enter into any transaction, including any
purchase, sale, lease or exchange of Property, the rendering of any service or
the payment of any management, advisory or similar fees, with any Affiliate
(other than Borrower or any Guarantor) unless such transaction is (a) otherwise
permitted under this Agreement, (b) in the ordinary course of business of
Borrower or such Restricted Subsidiary, as the case may be (it being understood
that Permitted Acquisitions shall be deemed to be in the ordinary course of
business), and (c) on fair and reasonable terms no less favorable to Borrower
or such Restricted Subsidiary, as the case may be, than it would obtain in a
comparable arm’s length transaction with a Person that is not an
Affiliate.  Notwithstanding the
foregoing, this Section 6.10 shall not prevent (x) Borrower or its
Restricted Subsidiaries from (i) making Restricted Payments permitted under Section
6.6, or (ii) making Investments permitted by Sections 6.8(g), 6.8(i),
6.8(j) (with respect to Unrestricted Subsidiaries or Foreign
Subsidiaries), 6.8(m) and 6.8(n), or (y) the issuance of Capital
Stock by Borrower to Holdings.

6.11        Limitation on Sales and Leasebacks.  Enter into any arrangement with any Person
pursuant to which (i) any of Borrower or its Restricted Subsidiaries sells or
transfers Property, and (ii) any of Borrower or its Restricted Subsidiaries
leases such sold or transferred Property from the Person to whom such Property
was sold or transferred or from any other Person that has advanced funds on the
security of such Property or rental obligations of such Loan Party, except for
the first $100,000,000 (in sale price) of such transactions consummated during
the term of this Agreement.

6.12        Limitation on Changes in Fiscal Periods.  Change the Fiscal Year or method of
determining Fiscal Quarters, in each case, without the prior written consent of
Administrative Agent, except that Borrower may change its Fiscal Year to a
Fiscal Year that commences on each January 1 and ends on each December 31.

6.13        Limitation on Negative Pledge Clauses.  Enter into or suffer to exist or become
effective any agreement that prohibits or limits the ability of Borrower or any
of its Restricted Subsidiaries to create, incur, assume or suffer to exist any
Lien on any of its Property or revenues, whether now owned or hereafter
acquired, to secure the Obligations or, in the case of any Guarantor, its
obligations under the Guaranty and Collateral Agreement, other than (a) this
Agreement and the other Loan Documents, (b) any agreements governing any
purchase money Liens, Capital Lease Obligations, EITF 97-10 Capital Lease
Obligations or other secured indebtedness otherwise permitted hereby (in which
case, any prohibition or limitation shall only be effective against the assets
financed thereby), (c) any agreements relating to Acquired Indebtedness
permitted pursuant to Section 6.2(d)(ii) or refinancings thereof
pursuant to Section 6.2(d)(iii) (so long as such 

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restrictions are no more
burdensome or restrictive than those contained in the Acquired Indebtedness so
refinanced) (in each case, to the extent such agreements do not conflict with
the provisions of Section 5.9), (d) customary nonassignment provisions
or other restrictions on Liens arising under leases, subleases, licenses, joint
venture agreements and other contracts entered into in the ordinary course of
business, (e) exceptions set forth in the “Pledged Stock” definition contained
in the Guaranty and Collateral Agreement and exceptions relating to the Capital
Stock of Persons that are not Restricted Subsidiaries, and (f) during the
period that the UA Pass-Through Certificates Restriction is in effect,
restrictions with respect to the UA Subsidiaries contained in the UA
Pass-Through Trust Documents.

6.14        Limitation on Restrictions on Subsidiary
Distributions, Etc. 
Enter into or suffer to exist or become effective any consensual
encumbrance or restriction on the ability of Borrower or any of its Restricted
Subsidiaries (or, in the case of clause (a) only, any Restricted Subsidiary) to
(a) make Restricted Payments in respect of any Capital Stock of such Subsidiary
held by, or pay or subordinate any Indebtedness owed to, Borrower or any other
Restricted Subsidiary, (b) make Investments in Borrower or any Restricted
Subsidiary or (c) transfer any of its assets to Borrower or any Restricted
Subsidiary, in each case, except for such encumbrances or restrictions existing
under or by reason of (A) any restrictions existing under the Loan Documents,
(B) any restrictions under Indebtedness permitted under Sections 6.2(i),
6.2(k) and 6.2(l), (C) any restrictions under Acquired
Indebtedness permitted under Section 6.2(d)(ii) or refinancings thereof
pursuant to Section 6.2(d)(iii) (so long as such restrictions are no
more burdensome or restrictive than those contained in the Acquired
Indebtedness so refinanced), (D) any restrictions with respect to a Restricted
Subsidiary imposed pursuant to an agreement that has been entered into in
connection with the Disposition of all or substantially all of the Capital
Stock or assets of such Restricted Subsidiary, (E) customary non-assignment
provisions or other restrictions on Liens arising under leases, subleases,
licenses, joint venture agreements and other contracts entered into in the
ordinary course of business, (F) any agreements governing any purchase money
Liens, Capital Lease Obligations, EITF 97-10 Capital Lease Obligations or other
secured indebtedness otherwise permitted hereby (in which case, any prohibition
or limitation shall only be effective against the assets financed thereby), (G)
exceptions set forth in the “Pledged Stock” definition contained in the
Guaranty and Collateral Agreement and exceptions relating to the Capital Stock
of Persons that are not Restricted Subsidiaries, and (H) during the period that
the UA Pass-Through Certificates Restriction is in effect, restrictions with
respect to the UA Subsidiaries contained in the UA Pass-Through Trust
Documents.

6.15        Limitation on Lines of Business.  Enter into any business, either directly or
through any Subsidiary, except for those businesses in which Borrower and its
Subsidiaries are engaged on the Closing Date or that are reasonably related
thereto (each, a “Line of Business”).

6.16        Limitation on Hedge Agreements.  Enter into any Interest Rate Agreement other
than Hedge Agreements reasonably satisfactory to Administrative Agent.

6.17        Limitation on Terminations of Leases.  Permit or cause any termination prior to the
scheduled expiration of any lease of any Real Estate Asset subject to a
Mortgage without the prior written consent of Administrative Agent (which
consent shall not be unreasonably withheld), to the extent that (x) the cost of
any such termination payment is $10,000,000 or more individually, or (y) the
cost of such termination payments exceed $20,000,000 in the aggregate in any
Fiscal Year; provided that,
nothing in this Section 6.17 shall prohibit any Disposition permitted
pursuant to Section 6.5.

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6.18        Limitation on Issuance of Preferred
Stock.  Issue any
Preferred Stock (including Disqualified Stock).

6.19        Maintenance of Restricted Payments
Basket for NCM Liabilities. 
On any date that there is a deduction made under Section
6.6(e)(A)(II)(w), permit the amount of Restricted Payments that would be
permitted under Section 6.6(e) as of such date to be less
than zero.

SECTION
7.         EVENTS OF DEFAULT

7.1          Events of Default.  If any one or more of the following
conditions or events shall occur:

(a)           Failure to Make Payments When Due.  Borrower shall fail to pay any principal of
any Loan or Reimbursement Obligation when due in accordance with the terms
hereof; or Borrower shall fail to pay any interest on any Loan or Reimbursement
Obligation, or any Loan Party shall fail to pay any other amount payable
hereunder or under any other Loan Document, within five days after any such
interest or other amount becomes due in accordance with the terms hereof;

(b)           Default in Other Agreements.  (I) Borrower or any of its Restricted Subsidiaries
shall (i) default in making any payment of any principal of any Indebtedness
(including any Contingent Obligation, but excluding the Loans) on the scheduled
or original due date with respect thereto, or (ii) default in making any
payment of any interest on any such Indebtedness beyond the period of grace, if
any, provided in the instrument or agreement under which such Indebtedness was
created, or (iii) default in the observance or performance of any other
agreement or condition relating to any such Indebtedness or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other
event shall occur or condition exist, the effect of which default or other
event or condition is to cause, or to permit the holder or beneficiary of such
Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to
cause, with the giving of notice if required, such Indebtedness to become due
prior to its stated maturity or (in the case of any such Indebtedness
constituting a Contingent Obligation) to become payable, or (II) Holdings shall
(i) default in making any payment of any principal of any Indebtedness
(including Contingent Obligations) on the scheduled or original due date with
respect thereto, or (ii) default in the observance or performance of any
agreement or condition relating to any Indebtedness or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other
event shall occur or condition exist, the effect of which default or other
event or condition is to cause such Indebtedness to become due prior to its
stated maturity (or in the case of any such Indebtedness constituting a
Contingent Obligation) to become payable; provided
that, a default, event or condition described in clause (I) or (II) of this
paragraph (b) shall not at any time constitute an Event of Default unless, at
such time, one or more defaults, events or conditions of the type described in
clauses (I) and (II) of this paragraph (b) shall have occurred and be continuing
with respect to Indebtedness the outstanding principal amount of which exceeds
in the aggregate $25,000,000;

(c)           Breach of Certain Covenants.  Any Loan Party shall default in the
observance or performance of any agreement contained in Section 2.6, 5.4(a)
(with respect to Borrower only), 5.7(a), or 6, or Section 5.8(a)
of the Guaranty and Collateral Agreement;

(d)           Breach of Representations, Etc.  Any representation or warranty made or deemed
made by any Loan Party herein or in any other Loan Document or that is
contained in 

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any certificate, document
or financial or other statement furnished by it at any time under or in
connection with this Agreement or any such other Loan Document shall prove to
have been inaccurate in any material respect on or as of the date made or
deemed made;

(e)           Other Defaults Under Loan
Documents.  Holdings or any Loan
Party shall default in the performance of or compliance with any term contained
herein or any of the other Loan Documents, other than any such term referred to
in any other provision of this Section 7.1, and such default shall not
have been remedied or waived within 30 days after the earlier of (i) an officer
of Holdings or such Loan Party becoming aware of such default, or (ii) receipt
by Borrower of notice from Administrative Agent or any Lender of such default;

(f)            Involuntary Bankruptcy;
Appointment of Receiver, Etc.  (i)
Parent, Holdings, Borrower or any of its Restricted Subsidiaries shall commence
any case, proceeding or other action (A) under any existing or future law of
any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
reorganization or relief of debtors, seeking to have an order for relief
entered with respect to it, or seeking to adjudicate it a bankrupt or
insolvent, or seeking reorganization, arrangement, adjustment, winding-up,
liquidation, dissolution, composition or other relief with respect to it or its
debts, or (B) seeking appointment of a receiver, trustee, custodian,
conservator or other similar official for it or for all or any substantial part
of its assets, or Parent, Holdings, Borrower or any of its Restricted
Subsidiaries shall make a general assignment for the benefit of its creditors;
(ii) there shall be commenced against Parent, Holdings, Borrower or any of its
Restricted Subsidiaries any case, proceeding or other action of a nature
referred to in clause (i) above that (A) results in the entry of an order for
relief or any such adjudication or appointment or (B) remains undismissed,
undischarged or unbonded for a period of 60 days; (iii) there shall be
commenced against Parent, Holdings, Borrower or any of its Restricted
Subsidiaries any case, proceeding or other action seeking issuance of a warrant
of attachment, execution, distraint or similar process against all or any
substantial part of its assets that results in the entry of an order for any
such relief that shall not have been vacated, discharged, or stayed or bonded
pending appeal within 60 days from the entry thereof; (iv) Parent, Holdings,
Borrower or any of its Restricted Subsidiaries shall take any action in
furtherance of, or indicating its consent to, approval of, or acquiescence in,
any of the acts set forth in clause (i), (ii), or (iii) above; or (v) Parent,
Holdings, Borrower or any of its Restricted Subsidiaries shall generally not,
or shall be unable to, or shall admit in writing its inability to, pay its
debts as they become due; or

(g)           Voluntary Bankruptcy; Appointment
of Receiver, Etc.  (i) Parent,
Holdings, Borrower or any of its Restricted Subsidiaries shall have an order
for relief entered with respect to it or shall commence a voluntary case under
the Bankruptcy Code or under any other applicable bankruptcy, insolvency or
similar law now or hereafter in effect, or shall consent to the entry of an order
for relief in an involuntary case, or to the conversion of an involuntary case
to a voluntary case, under any such law, or shall consent to the appointment of
or taking possession by a receiver, trustee or other custodian for all or a
substantial part of its property; or Parent, Holdings, Borrower or any of its
Restricted Subsidiaries shall make any assignment for the benefit of creditors;
(ii) Parent, Holdings, Borrower or any of its Restricted Subsidiaries shall be
unable, or shall fail generally, or shall admit in writing its inability, to
pay its debts as such debts become due; or (iii) the board of directors (or
similar governing body) of Parent, Holdings, Borrower or any of its Restricted
Subsidiaries (or any committee thereof) shall adopt any resolution or otherwise
authorize any action to approve any of the actions referred to herein or in Section
7.1(f);

(h)           Judgments and Attachments.  One or more judgments or decrees shall be
entered against Holdings, Borrower or any of its Restricted Subsidiaries
involving for Holdings, Borrower and its Restricted Subsidiaries, taken as a
whole, a liability (not paid or fully covered 

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by insurance as to which
the relevant insurance company has acknowledged coverage) of $25,000,000 or
more, and all such judgments or decrees shall not have been vacated,
discharged, stayed or bonded pending appeal within 30 days from the entry
thereof;

(i)            Dissolution.  Any order, judgment or decree shall be
entered against any Loan Party decreeing the dissolution or split up of such
Loan Party and such order shall remain undischarged or unstayed for a period in
excess of 30 days;

(j)            Employee Benefit Plans.
(i)  Any Person shall engage in any
“prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of
the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as
defined in Section 302 of ERISA), whether or not waived, shall exist with
respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on
the assets of Borrower or any Commonly-Controlled Entity, (iii) a Reportable
Event shall occur with respect to, or proceedings shall commence to have a
trustee appointed, or a trustee shall be appointed, to administer or to
terminate, any Single-Employer Plan, which Reportable Event or commencement of
proceedings or appointment of a trustee is likely to, result in the termination
of such Plan for purposes of Title IV of ERISA, (iv) any Single-Employer Plan
shall terminate for purposes of Title IV of ERISA, (v) Borrower or any
Commonly-Controlled Entity shall, or is likely to, incur any liability in
connection with a withdrawal from, or the Insolvency or Reorganization of, a
Multiemployer Plan, (vi) there exists any fact or circumstance that reasonably
could be expected to result in the imposition of a Lien under Section 412(n) of
the Code or under ERISA, or (vii) any other similar event or condition shall occur or exist with respect to a
Plan; and in each case in clauses (i) through (vii) above, such event or
condition, together with all other such events or conditions, if any, could, in
the sole judgment of the Required Lenders, reasonably be expected to have a
Material Adverse Effect;

(k)           Change of Control.  (i) 
The Permitted Investors shall cease to have the power to vote or direct
the voting of securities having a majority of the ordinary voting power for the
election of directors of Parent (determined on a fully-diluted basis), (ii) the
board of directors of Parent shall cease to consist of a majority of Continuing
Directors, (iii) Holdings shall cease to directly own and control, of record
and beneficially, 100% of each class of outstanding Capital Stock of Borrower
free and clear of all Liens (except Liens created by the Security Documents),
(iv) Parent shall cease to be the beneficial owner of 100% of each class of
outstanding Capital Stock of Borrower, or (v) a Specified Change of Control
shall occur;

(l)            Guaranties, Security Documents
and other Loan Documents.  At any
time after the execution and delivery thereof, (i) the Guaranty and Collateral
Agreement shall, for any reason other than the satisfaction in full of all
Obligations, cease to be in full force and effect (other than in accordance
with its terms) or shall be declared to be null and void or any Guarantor shall
repudiate its obligations thereunder, (ii) any of the other Security Documents
shall, for any reason (other than pursuant to the terms thereof), cease to be
in full force and effect, or any Loan Party or any Affiliate of any Loan Party
shall so assert, or any Lien created by any of the Security Documents shall
cease to be enforceable and of the same effect and priority purported to be
created thereby; or this Agreement or any Security Document ceases to be in
full force and effect (other than by reason of a release of Collateral in
accordance with the terms hereof or thereof or the satisfaction in full of the
Obligations in accordance with the terms hereof) or shall be declared null and
void, or Administrative Agent shall not have or shall cease to have a valid
and, to the extent required under the Loan Documents, perfected Lien in any
Collateral purported to be covered by the Security Documents with the priority
required by the relevant Security Document, in each case for any reason other
than the failure of Administrative Agent or any Secured Party to take any
action within its control, or (iii) any Loan Party shall contest the validity
or enforceability 

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of any Loan Document in
writing or deny in writing that it has any further liability, including with
respect to future advances by Lenders, under any Loan Document to which it is a
party;

THEN, (1) upon the occurrence of any Event of Default
described in Section 7.1(f) or 7.1(g), automatically, and (2)
upon the occurrence of any other Event of Default, at the request of (or with
the consent of) Requisite Lenders, upon notice to Borrower by Administrative
Agent, (A) the Revolving Commitments, if any, of each Lender having such
Revolving Commitments and the obligation of Issuing Bank to issue any Letter of
Credit shall immediately terminate; (B) each of the following shall immediately
become due and payable, in each case without presentment, demand, protest or
other requirements of any kind, all of which are hereby expressly waived by
each Loan Party:  (I) the unpaid
principal amount of and accrued interest on the Loans, (II) an amount equal to
the maximum amount that may at any time be drawn under all Letters of Credit
then outstanding (regardless of whether any beneficiary under any such Letter
of Credit shall have presented, or shall be entitled at such time to present,
the drafts or other documents or certificates required to draw under such
Letters of Credit), and (III) all other Obligations; provided that, the foregoing shall not affect in any way the
obligations of Lenders under Section 2.3(b)(iv) or 2.4(e); (C)
Administrative Agent may enforce any and all Liens and security interests
created pursuant to Security Documents; and (D) Administrative Agent shall
direct Borrower to pay (and Borrower hereby agrees upon receipt of such notice,
or upon the occurrence of any Event of Default specified in Section 7.1(f)
and 7.1(g) to pay) to Administrative Agent such additional amounts of
cash, to be held as security for Borrower’s reimbursement Obligations in
respect of Letters of Credit then outstanding, equal to the Letter-of-Credit
Usage at such time.

SECTION
8.         AGENTS

8.1          Appointment of Agents.  CS is hereby appointed the Administrative
Agent hereunder and under the other Loan Documents and CS Securities is hereby
appointed the Arranger hereunder and under the other Loan Documents, and each
Lender hereby authorizes CS and CS Securities to act in such capacities as its
agents in accordance with the terms hereof and thereof.  Each Agent hereby agrees to act on the
express conditions contained herein and the other Loan Documents, as
applicable.  The provisions of this Section
8 are solely for the benefit of Agents and Lenders and no Loan Party shall
have any rights as a third-party beneficiary of any of the provisions
thereof.  In performing its functions and
duties hereunder, each Agent shall act solely as an agent of Lenders and does
not assume and shall not be deemed to have assumed any obligation towards or
relationship of agency or trust with or for Borrower or any of its Subsidiaries.  Each of Arranger and Administrative Agent,
without consent of or notice to any party hereto, may assign any and all of its
rights or obligations hereunder to any of its Affiliates.  As of the Closing Date, Arranger shall have
no obligations but shall be entitled to the benefits of this Section 8.

8.2          Powers and Duties.  Each Lender irrevocably authorizes each Agent
to take such action on such Lender’s behalf and to exercise such powers, rights
and remedies hereunder and under the other Loan Documents as are specifically
delegated or granted to such Agent by the terms hereof and thereof, together
with such powers, rights and remedies as are reasonably incidental
thereto.  Each Agent shall have only
those duties and responsibilities that are expressly specified herein and the
other Loan Documents.  Each Agent may
exercise such powers, rights and remedies and perform such duties by or through
its agents or employees.  No Agent shall
have, by reason hereof or any of the other Loan Documents, a fiduciary relationship
in respect of any Lender; and nothing herein or any of the other Loan
Documents, expressed or implied, is intended to or shall be so construed as to
impose on any Agent any obligations in respect hereof or any of the other Loan
Documents except as expressly set forth herein or therein.

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8.3          General Immunity.

(a)           No Responsibility for Certain
Matters.  No Agent shall be
responsible to any Lender for the execution, effectiveness, genuineness,
validity, enforceability, collectibility or sufficiency hereof or any other
Loan Document or for any representations, warranties, recitals or statements
made herein or therein or made in any written or oral statements or in any
financial or other statements, instruments, reports or certificates or any
other documents furnished or made by any Agent to Lenders or by or on behalf of
any Loan Party to any Agent or any Lender in connection with the Loan Documents
and the transactions contemplated thereby or for the financial condition or
business affairs of any Loan Party or any other Person liable for the payment
of any Obligations, nor shall any Agent be required to ascertain or inquire as
to the performance or observance of any of the terms, conditions, provisions,
covenants or agreements contained in any of the Loan Documents or as to the use
of the proceeds of the Loans or as to the existence or possible existence of
any Event of Default or Default or to make any disclosures with respect to the
foregoing.  Anything contained herein to
the contrary notwithstanding, Administrative Agent shall not have any liability
arising from confirmations of the amount of outstanding Loans or the
Letter-of-Credit Usage or the component amounts thereof.

(b)           Exculpatory Provisions.  No Agent nor any of its officers, partners,
directors, employees or agents shall be liable to Lenders for any action taken
or omitted by any Agent under or in connection with any of the Loan Documents
except to the extent caused by such Agent’s gross negligence or willful
misconduct as determined by a final, nonappealable judgment of a court of
competent jurisdiction.  Each Agent shall
be entitled to refrain from any act or the taking of any action (including the
failure to take an action) in connection herewith or any of the other Loan
Documents or from the exercise of any power, discretion or authority vested in
it hereunder or thereunder unless and until such Agent shall have received
instructions in respect thereof from Requisite Lenders (or such other Lenders
as may be required to give such instructions under Section 9.5) and,
upon receipt of such instructions from Requisite Lenders (or such other
Lenders, as the case may be), such Agent shall be entitled to act or (where so
instructed) refrain from acting, or to exercise such power, discretion or
authority, in accordance with such instructions.  Without prejudice to the generality of the
foregoing, (i) each Agent shall be entitled to rely, and shall be fully
protected in relying, on any communication, instrument or document believed by
it to be genuine and correct and to have been signed or sent by the proper
Person or Persons, and shall be entitled to rely and shall be protected in
relying on opinions and judgments of attorneys (who may be attorneys for
Borrower and its Subsidiaries), accountants, experts and other professional
advisors selected by it, and (ii) no Lender shall have any right of action
whatsoever against any Agent as a result of such Agent acting or (where so
instructed) refraining from acting hereunder or any of the other Loan Documents
in accordance with the instructions of Requisite Lenders (or such other Lenders
as may be required to give such instructions under Section 9.5).

8.4          Agents Entitled to Act as Lender.  The agency hereby created shall in no way
impair or affect any of the rights and powers of, or impose any duties or
obligations on, any Agent in its individual capacity as a Lender
hereunder.  With respect to its
participation in the Loans and the Letters of Credit, each Agent shall have the
same rights and powers hereunder as any other Lender and may exercise the same
as if it were not performing the duties and functions delegated to it
hereunder, and the term “Lender” shall, unless the context clearly otherwise
indicates, include each Agent in its individual capacity.  Any Agent and its Affiliates may accept
deposits from, lend money to, own securities of, and generally engage in any
kind of banking, trust, financial advisory or other business with Borrower or
any of its Affiliates as if it were not performing the duties specified herein,
and may accept fees and other consideration from Borrower

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for
services in connection herewith and otherwise without having to account for the
same to Lenders.

8.5          Lenders’
Representations, Warranties and Acknowledgment.

(a)           Each Lender represents and warrants that it has made
its own independent investigation of the financial condition and affairs of
Borrower and its Subsidiaries in connection with Credit Extensions hereunder
and that it has made and shall continue to make its own appraisal of the
creditworthiness of Borrower and its Subsidiaries.  No Agent shall have any duty or
responsibility, either initially or on a continuing basis, to make any such
investigation or any such appraisal on behalf of Lenders or to provide any
Lender with any credit or other information with respect thereto, whether
coming into its possession before the making of the Loans or at any time or
times thereafter, and no Agent shall have any responsibility with respect to
the accuracy of or the completeness of any information provided to Lenders.

(b)           Each Lender, by delivering its signature page to this
Agreement, or consenting to the amendment and restatement of the Fourth
Restated Credit Agreement, or funding its Term Loan on the Closing Date shall
be deemed to have acknowledged receipt of, and consented to and approved, each
Loan Document and each other document required to be approved by any Agent,
Requisite Lenders or Lenders, as applicable on the Closing Date.

8.6          Right to Indemnity. 
Each Lender, in proportion to its Pro Rata Share, severally agrees to
indemnify each Agent, to the extent that such Agent shall not have been
reimbursed by any Loan Party, for and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses (including reasonable counsel fees and disbursements) or disbursements
of any kind or nature whatsoever that may be imposed on, incurred by or
asserted against such Agent in exercising its powers, rights and remedies or
performing its duties hereunder or under the other Loan Documents or otherwise
in its capacity as such Agent in any way relating to or arising out of this
Agreement or the other Loan Documents; provided
that, no Lender shall be liable for any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements to the extent they are found in a final, nonappealable
judgment of a court of competent jurisdiction to have resulted primarily from
such Agent’s gross negligence or willful misconduct.  If any indemnity furnished to any Agent for
any purpose shall, in the opinion of such Agent, be insufficient or become
impaired, such Agent may call for additional indemnity and cease, or not
commence, to do the acts indemnified against until such additional indemnity is
furnished; provided that, in no
event shall this sentence require any Lender to indemnify any Agent against any
liability, obligation, loss, damage, penalty, action, judgment, suit, cost,
expense or disbursement in excess of such Lender’s Pro Rata Share thereof; and provided further that, this sentence shall
not be deemed to require any Lender to indemnify any Agent against any
liability, obligation, loss, damage, penalty, action, judgment, suit, cost,
expense or disbursement described in the proviso in the immediately preceding
sentence.

8.7          Successor
Administrative Agent and Swingline Lender. 
Administrative Agent may resign at any time by giving 30 days’ prior
written notice thereof to Lenders and Borrower. 
Upon any such notice of resignation, Requisite Lenders shall have the
right, upon five Business Days’ notice to Borrower, to appoint a successor
Administrative Agent, which successor Administrative Agent shall (unless a
Default or Event of Default shall have occurred and be continuing) be subject
to Borrower’s approval, which approval shall not be unreasonably withheld or
delayed.  Upon the acceptance of any
appointment as Administrative Agent hereunder by a successor Administrative
Agent, that successor Administrative Agent shall thereupon succeed to and
become vested with all the rights, powers, privileges and duties of the
retiring Administrative 

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Agent
and the retiring Administrative Agent shall promptly (i) transfer to such
successor Administrative Agent all sums, Securities and other items of
Collateral held under the Security Documents, together with all records and
other documents necessary or appropriate in connection with the performance of
the duties of the successor Administrative Agent under the Loan Documents, and
(ii) execute and deliver to such successor Administrative Agent such amendments
to financing statements, and take such other actions, as may be necessary or
appropriate in connection with the assignment to such successor Administrative
Agent of the security interests created under the Security Documents, whereupon
such retiring Administrative Agent shall be discharged from its duties and
obligations hereunder.  After any
retiring Administrative Agent’s resignation or removal hereunder as
Administrative Agent, the provisions of this Section 8 shall inure to
its benefit as to any actions taken or omitted to be taken by it while it was
Administrative Agent hereunder.  Any
resignation or removal of Administrative Agent pursuant to this Section shall
also constitute the resignation or removal of CS or its successor as Swingline
Lender and Issuing Bank, and any successor Administrative Agent appointed
pursuant to this Section 8.7 shall, upon its acceptance of such
appointment, become the successor Swingline Lender and Issuing Bank for all
purposes hereunder.  In such event (a) Borrower
shall prepay any outstanding Swingline Loans made by the retiring
Administrative Agent in its capacity as Swingline Lender, (b) upon such
prepayment, the retiring Administrative Agent and Swingline Lender shall
surrender any Swingline Note held by it to Borrower for cancellation, and (c)
Borrower shall issue, if so requested by successor Administrative Agent and
Swingline Loan Lender, a new Swingline Note to the successor Administrative
Agent and Swingline Lender, in the principal amount of the Swingline Loan
Sublimit then in effect and with other appropriate insertions.

8.8          Security Documents
and Guaranty.

(a)           Agents under Security Documents and Guaranty. 
Each Lender hereby further authorizes Administrative Agent, on behalf of
and for the benefit of Lenders, to be the agent for and representative of
Lenders with respect to the Guaranty, the Collateral and the Security
Documents.  Subject to Section 9.5,
without further written consent or authorization from Lenders, Administrative
Agent may execute any documents or instruments necessary to (i) release any
Lien encumbering any item of Collateral that is the subject of a sale or other
disposition of assets permitted hereby or to which Requisite Lenders (or such
other Lenders as may be required to give such consent under Section 9.5)
have otherwise consented or (ii) release any Guarantor from its Guaranty and
the Security Documents it is party to if all of the Capital Stock of such
Guarantor is sold or Disposed of in a transaction permitted hereby, or with
respect to which Requisite Lenders (or such other Lenders as may be required to
give such consent under Section 9.5) have otherwise consented.

(b)           Right to Realize on Collateral and Enforce Guaranty. 
Anything contained in any of the Loan Documents to the contrary
notwithstanding, Borrower, Administrative Agent and each Lender hereby agree
that (i) no Lender shall have any right individually to realize on any of the
Collateral or to enforce the Guaranty, it being understood and agreed that all
powers, rights and remedies hereunder may be exercised solely by Administrative
Agent, on behalf of Lenders in accordance with the terms hereof and all powers,
rights and remedies under the Security Documents may be exercised solely by
Administrative Agent, and (ii) in the event of a foreclosure by Administrative
Agent on any of the Collateral pursuant to a public or private sale, any Lender
may be the purchaser of any or all of such Collateral at any such sale and
Administrative Agent, as agent for and representative of Secured Parties (but
not any Lender or Lenders in its or their respective individual capacities
unless Requisite Lenders shall otherwise agree in writing) shall be entitled,
for the purpose of bidding and making settlement or payment of the purchase
price for all or any portion of the Collateral sold at any such public sale, to
use and apply any of 

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the
Obligations as a credit on account of the purchase price for any collateral
payable by Administrative Agent at such sale.

SECTION
9.         MISCELLANEOUS

9.1          Notices. 
Unless otherwise specifically provided herein, any notice or other
communication herein required or permitted to be given to a Loan Party, or any
Agent, Lender or Issuing Bank, shall be sent to such Person’s address as set
forth on Appendix B or in the other relevant Loan Document, and in the
case of any Lender, the address as indicated on Appendix B or otherwise
indicated to Administrative Agent in writing. 
Each notice hereunder shall be in writing and may be personally served,
or sent by telefacsimile or United States mail or courier service and shall be
deemed to have been given when delivered in person or by courier service and
signed for against receipt thereof, upon receipt of telefacsimile, or three
Business Days after depositing it in the United States mail with postage
prepaid and properly addressed; provided
that, no notice to any Agent shall be effective until received by such
Agent.  Notices and other communications
to the Lenders hereunder may be delivered or furnished by electronic communications
pursuant to procedures approved by Administrative Agent; provided that, the foregoing shall not
apply to notices pursuant to Section 2 unless otherwise agreed by
Administrative Agent and the applicable Lender. 
Administrative Agent or 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.

9.2          Expenses. 
Whether or not the transactions contemplated hereby shall be consummated,
Borrower agrees to pay promptly (a) all the actual and reasonable costs and
expenses of preparation of the Loan Documents and any consents, amendments,
waivers or other modifications thereto; (b) all the costs of furnishing all
opinions by counsel for Borrower and the other Loan Parties; (c) the reasonable
fees, expenses and disbursements of counsel to Agents (in each case including
allocated costs of internal counsel) in connection with the negotiation,
preparation, execution and administration of the Loan Documents and any
consents, amendments, waivers or other modifications thereto and any other
documents or matters requested by Borrower; (d) all the actual costs and
reasonable expenses of creating and perfecting Liens in favor of Administrative
Agent, for the benefit of Lenders pursuant hereto, including filing and
recording fees, expenses and taxes, stamp or documentary taxes, search fees,
title insurance premiums and reasonable fees, expenses and disbursements of
counsel to each Agent and of counsel providing any opinions that any Agent or
Requisite Lenders may request in respect of the Collateral or the Liens created
pursuant to the Security Documents; (e) all the actual costs and reasonable
fees, expenses and disbursements of any auditors, accountants, consultants or
appraisers; (f) all the actual costs and reasonable expenses (including the
reasonable fees, expenses and disbursements of any appraisers, consultants,
advisors and agents employed or retained by Administrative Agent and its
counsel) in connection with the custody or preservation of any of the
Collateral; (g) all other actual and reasonable costs and expenses incurred by
each Agent in connection with the syndication of the Loans and Commitments and
the negotiation, preparation and execution of the Loan Documents and any
consents, amendments, waivers or other modifications thereto and the
transactions contemplated thereby; and (h) after the occurrence of a Default or
an Event of Default, all costs and expenses, including reasonable attorneys’
fees (including allocated costs of internal counsel) and costs of settlement,
incurred by any Agent and Lenders in enforcing any Obligations of or in collecting
any payments due from any Loan Party hereunder or under the other Loan
Documents by reason of such Default or Event of Default (including in
connection with the sale of, collection from, or other realization on any of
the Collateral or the enforcement of the Guaranty) or in connection 

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with any
refinancing or restructuring of the credit arrangements provided hereunder in
the nature of a “work out” or pursuant to any insolvency or bankruptcy cases or
proceedings.

9.3          Indemnity.

(a)           In addition to the payment of expenses pursuant to Section
9.2, whether or not the transactions contemplated hereby shall be
consummated, each Loan Party agrees to defend (subject to Indemnitees’
selection of counsel), indemnify, pay and hold harmless, each Agent and Lender
and the officers, partners, directors, trustees, employees, agents, advisors
and Affiliates of each Agent and each Lender (each, an “Indemnitee”), from and against any and all
Indemnified Liabilities; provided
that, no Loan Party shall have any obligation to any Indemnitee hereunder with
respect to any Indemnified Liabilities to the extent such Indemnified
Liabilities are found in a final, nonappealable judgment of a court of
competent jurisdiction to have resulted primarily from the gross negligence or
willful misconduct of that Indemnitee. 
To the extent that the undertakings to defend, indemnify, pay and hold
harmless set forth in this Section 9.3 may be unenforceable in whole or
in part because they are violative of any law or public policy, the applicable Loan
Party shall contribute the maximum portion that it is permitted to pay and
satisfy under applicable law to the payment and satisfaction of all Indemnified
Liabilities incurred by Indemnitees or any of them.  Amounts owing under this Section 9.3(a)
shall be paid promptly following demand.

(b)           To the extent permitted by applicable law, no Loan
Party shall assert, and each Loan Party hereby waives, any claim against
Lenders, Agents and their respective Affiliates, directors, employees,
attorneys or agents, on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) (whether or not
the claim therefor is based on contract, tort or duty imposed by any applicable
legal requirement) arising out of, in connection with, arising out of, as a
result of, or in any way related to, this Agreement or any Loan Document or any
agreement or instrument contemplated hereby or thereby or referred to herein or
therein, the transactions contemplated hereby or thereby, any Loan or the use
of the proceeds thereof or any act or omission or event occurring in connection
therewith, and Borrower and each other Loan Party hereby waives, releases and
agrees not to sue on any such claim or any such damages, whether or not accrued
and whether or not known or suspected to exist in its favor.  Without limiting the foregoing, and to the
extent permitted by applicable law, Borrower agrees not to assert and to cause
Holdings and the Subsidiaries not to assert, and hereby waives and agrees to
cause Holdings and the Subsidiaries to waive, all rights for contribution or
any other rights of recovery with respect to all claims, demands, penalties,
fines, liabilities, settlements, damages, costs and expenses of whatever kind
or nature, under or related to Environmental Laws, that any of them might have
by statute or otherwise against any Indemnitee.

9.4          Set-Off. 
In addition to any rights now or hereafter granted under applicable law
and not by way of limitation of any such rights, upon the occurrence of any
Event of Default each Lender is hereby authorized by each Loan Party at any
time or from time to time subject to the consent of Administrative Agent (such
consent not to be unreasonably withheld or delayed), without notice to any Loan
Party or to any other Person (other than Administrative Agent), any such notice
being hereby expressly waived, to set off and to appropriate and to apply any
and all deposits (general or special, including Indebtedness evidenced by
certificates of deposit, whether matured or unmatured, but not including trust
accounts) and any other Indebtedness at any time held or owing by such Lender
to or for the credit or the account of any Loan Party against and on account of
the obligations and liabilities of any Loan Party to such Lender hereunder, the
Letters of Credit and participations therein and under the other Loan
Documents, including all claims of any nature or description arising out of or
connected hereto, the Letters of Credit and participations

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therein
or with any other Loan Document, irrespective of whether or not (a) such Lender
shall have made any demand hereunder or (b) the principal of or the interest on
the Loans or any amounts in respect of the Letters of Credit or any other
amounts due hereunder shall have become due and payable pursuant to Section
2 and although such obligations and liabilities, or any of them, may be
contingent or unmatured.

9.5          Amendments and
Waivers.

(a)           Requisite Lenders’ Consent. 
Subject to Sections 9.5(b), 9.5(c), 9.5(d), and 9.5(e)
no amendment, modification, termination or waiver of any provision of the Loan
Documents, or consent to any departure by any Loan Party therefrom, shall in
any event be effective without the written concurrence of the Requisite
Lenders.

(b)           Affected Lenders’ Consent. 
Without the written consent of each Lender (other than a Defaulting
Lender) that would be affected thereby, no amendment, modification,
termination, or consent shall be effective if the effect thereof would:

(i)        extend the scheduled final maturity of any Loan or
Note;

(ii)       waive, reduce or postpone any Installment (but not prepayment);

(iii)      extend the stated expiration date of any Letter of
Credit beyond the Revolving Commitment Termination Date;

(iv)      reduce the rate of interest on any Loan (other than
any waiver of any increase in the interest rate applicable to any Loan pursuant
to Section 2.10) or any fee payable hereunder; provided
that modifications to definitions used in the calculation of Consolidated
Leverage Ratio shall not be deemed to be a reduction of the rate of interest or
fees;

(v)       extend the time for payment of any such interest or
fees;

(vi)      reduce (other than by payment) or forgive the
principal amount of any Loan or any Reimbursement Obligation;

(vii)     amend, modify, terminate or waive any provision of Section
2.17, 9.5(a), this Section 9.5(b), Section 9.5(c), or
Section 6.4 of the Guaranty and Collateral Agreement;

(viii)    amend the percentage set forth in the definition of
“Requisite Lenders”; provided
that, additional extensions of credit approved by Requisite Lenders or permitted
to be incurred pursuant to Section 6.2(f) or 6.2(j), may be
included in the determination of “Requisite Lenders” or “Pro Rata Share” on
substantially the same basis as the Term Loan Commitments, the Term Loans, the
Revolving Commitments and the Revolving Loans, as the case may be, are included
on the Closing Date;

(ix)       release all or substantially all of the Collateral or
all or substantially all of the Guarantors from the Guaranty and Collateral
Agreement except as expressly provided in the Loan Documents; or

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(x)        consent to the assignment or transfer by any Loan
Party of any of its rights and obligations under any Loan Document.

(c)           Other Consents.  No amendment,
modification, termination or waiver of any provision of the Loan Documents, or
consent to any departure by any Loan Party therefrom, shall:

(i)        increase any Revolving Commitment or Term Loan Commitment
of any Lender over the amount thereof then in effect without the consent of
such Lender; provided that, no
amendment, modification or waiver of any condition precedent, covenant, Default
or Event of Default shall constitute an increase in any Revolving Commitment or
Term Loan Commitment of any Lender;

(ii)       amend, modify, terminate or waive any provision hereof
relating to the Swingline Sublimit or the Swingline Loans without the consent
of Swingline Lender;

(iii)      amend the definition of “Requisite Class Lenders”
without the consent of Requisite Class Lenders of each Class; provided that, additional extensions of
credit approved by the Requisite Lenders or permitted to be incurred pursuant
to Section 6.2(f) or 6.2(j) may be included in the determination
of such “Requisite Class Lenders” on substantially the same basis as the Term
Loan Commitments, the Term Loans, the Revolving Commitments and the Revolving
Loans, as the case may be, are included on the Closing Date;

(iv)      alter the required application of any repayments or
prepayments as between Classes pursuant to Section 2.15 without the consent
of Requisite Class Lenders of each Class that is being allocated a lesser
repayment or prepayment as a result thereof; provided
that, Requisite Lenders may waive, in whole or in part, any prepayment so long
as the application, as between Classes, of any portion of such prepayment that
is still required to be made is not altered; and provided further that, notwithstanding the foregoing, such
application may be modified (including pursuant to Sections 6.2(f), 6.2(j)
and 9.5(e)) to permit additional extensions of credit constituting (x)
term loans to share ratably with the Term Loans in the application of
repayments or prepayments pursuant to Section 2.15 with the consent of
Requisite Lenders or in connection with additional extensions of credit
permitted under Section 6.2(f) or 6.2(j), or (y) revolving loans
to share ratably with the Revolving Loans in the application of repayments or
prepayments pursuant to Section 2.15 with the consent of the Requisite
Lenders or in connection with additional extensions of credit permitted under Section
6.2(f) or 6.2(j);

(v)       amend, modify, terminate or waive any obligation of
the Revolving Lenders relating to the purchase of participations in Letters of
Credit as provided in Section 2.4(e) without the written consent of
Administrative Agent and of Issuing Bank; or

(vi)      amend, modify, terminate or waive any provision of Section
8 as the same applies to any Agent, or any other provision hereof as the
same applies to the rights or obligations of any Agent, in each case without
the consent of such Agent.

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

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on
any Loan Party in any case shall entitle any Loan Party to any other or further
notice or demand in similar or other circumstances.  Any amendment, modification, termination,
waiver or consent effected in accordance with this Section 9.5 shall be
binding on each Lender at the time outstanding, each future Lender and, if
signed by a Loan Party, on such Loan Party.

(e)           Certain Amendments Regarding Additional Loans and
Refinancings.  Notwithstanding any other provision in this Section
9.5 to the contrary, (i) Borrower and Administrative Agent may, without the
consent of any Lender, amend the schedules and representations and warranties
contained in this Agreement and the Guaranty and Collateral Agreement, to the
extent provided in Section 6.8(f), and (ii) this Agreement and the other
Loan Documents may be amended (or amended and restated), without the consent of
any Lender, to the extent deemed necessary to permit Permitted Secured
Indebtedness and Permitted Secured Refinancing to be incurred under this
Agreement and to share ratably in the benefits of this Agreement and the other
Loan Documents (including the accrued interest and fees in respect thereof and
in the benefits of all the Collateral) with other Loans (it being understood
that Permitted Secured Indebtedness and Permitted Secured Refinancing shall
rank pari passu with the other
Loans).  In furtherance of the foregoing,
Borrower and Administrative Agent, without the consent of any Lender, may amend
(or amend and restate) this Agreement or any other Loan Document to (v) provide
for Permitted Secured Indebtedness and/or Permitted Secured Refinancing to
share ratably in the benefits of this Agreement and the other Loan Documents
(including the accrued interest and fees in respect thereof and in the benefits
of all the Collateral) with Lenders having Term Loan Exposure and Revolving
Loan Exposure, as the case may be, (w) provide for, among other things, Permitted
Secured Indebtedness and/or the Permitted Secured Refinancing, to the extent
constituting Term Loan Exposure, to share ratably with Lenders having Term Loan
Exposure, or to share ratably with or with preference to Lenders having
Revolving Loan Exposure in the application of prepayments, (x) provide for,
among other things, Permitted Secured Indebtedness and/or Permitted Secured
Refinancing, to the extent constituting Revolving Loan Exposure, to share
ratably with Lenders having Revolving Loan Exposure in the application of
prepayments, (y) provide an amortization schedule, to the extent constituting
Term Loan Exposure, and a maturity date for Permitted Secured Indebtedness
and/or Permitted Secured Refinancing, and (z) include appropriately the Lenders
holding Permitted Secured Indebtedness and/or Permitted Secured Refinancing in
any determination of Requisite Lenders or Requisite Class Lenders for the Class
of Lenders having Term Loan Exposure or Revolving Loan Exposure and to modify
the terms, provisions and definitions hereof in order that such Permitted
Secured Indebtedness and Permitted Secured Refinancing is appropriately treated
in this Agreement, including in the definitions of Class, Obligations, Pro Rata
Share, Requisite Lenders, Requisite Class Lenders, Revolving Loans, Revolving
Commitments, Revolving Loan Exposure, Term Loans, Term Loan Commitments and
Term Loan Exposure, it being understood that no Lender or Agent is committed or
obligated to participate in such Permitted Secured Indebtedness and/or
Permitted Secured Refinancing unless it agrees to do so in the document or
agreement implementing such Permitted Secured Indebtedness or Permitted Secured
Refinancing.  It is
further understood and agreed that this Agreement and the other Loan Documents
may be amended, amended and restated or otherwise supplemented or modified as
provided in Section 2.1(c)(i), without the approval of Lenders or
Requisite Lenders.

9.6          Successors and
Assigns; Participations.

(a)           Generally.  This
Agreement shall be binding on the parties hereto and their respective
successors and assigns and shall inure to the benefit of the parties hereto and
the successors and assigns of Lenders. 
No Loan Party’s rights or obligations hereunder nor any interest therein
may be assigned or delegated by any Loan Party without the prior written
consent of all Lenders.  Nothing in this
Agreement, expressed or implied, shall be construed to confer on any 

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Person
(other than the parties hereto, their respective successors and assigns
permitted hereby and, to the extent expressly contemplated hereby, Affiliates
of each Agent and Lender) any legal or equitable right, remedy or claim under
or by reason of this Agreement.

(b)           Register.  Borrower,
Administrative Agent and Lenders shall deem and treat the Persons listed as
Lenders in the Register as the holders and owners of the corresponding
Commitments and Loans listed therein for all purposes hereof, and, except as
provided in Section 9.6(e), no assignment or transfer of any such
Commitment or Loan shall be effective, in each case, unless and until an
Assignment Agreement effecting the assignment or transfer thereof shall have
been delivered to and accepted by Administrative Agent and recorded in the
Register as provided in Section 9.6(e). 
In the case of a Related Lender Assignment described in Section
9.6(e) that is not reflected in the Register, the assigning Lender shall
maintain a comparable register.  Prior to
such recordation, all amounts owed with respect to the applicable Commitment or
Loan shall be owed to the Lender listed in the Register as the owner thereof,
and any request, authority or consent of any Person who, at the time of making
such request or giving such authority or consent, is listed in the Register as
a Lender shall be conclusive and binding on any subsequent holder, assignee or
transferee of the corresponding Commitments or Loans.

(c)           Right to Assign.  Each Lender
shall have the right at any time to sell, assign or transfer all or a portion
of its rights and obligations under this Agreement, including all or a portion
of its Commitment or Loans or other Obligation owing to it (provided that, each such assignment shall
be of a uniform, and not varying, percentage of all rights and obligations
under and in respect of any Loan and any related Commitments):

(i)        to any Person meeting the criteria of clause (i) of
the definition of the term of “Eligible Assignee” (a “Related Lender Assignment”) upon the giving
of notice to Borrower and Administrative Agent, and for any assignment of
Revolving Loans or Revolving Commitments, the consent of Administrative Agent,
Swingline Lender and Issuing Bank (not be unreasonably withheld or delayed);
and

(ii)       to any Person meeting the criteria of clause (ii) of the
definition of the term of “Eligible Assignee” (other than a Person described in
clause (i) above) and (except in the case of assignments made by or to CS)
consented to by Administrative Agent, and, for any assignment of Revolving
Loans or Revolving Commitments, Swingline Lender, Issuing Bank and Borrower
(such consent not to be (x) unreasonably withheld or delayed, or (y) in the
case of Borrower, required at any time during the initial syndication of the
Loans or at any time an Event of Default shall have occurred and then be continuing);
provided that, each such
assignment pursuant to this Section 9.6(c)(ii) shall be in an aggregate
amount of not less than (A) $1,000,000 (or such lesser amount as may be agreed
to by Borrower and Administrative Agent or as shall constitute the aggregate
amount of the Revolving Commitments and Revolving Loans of the assigning
Lender), with respect to the assignment of the Revolving Commitments and
Revolving Loans, and (B) $1,000,000 (or such lesser amount as may be agreed to
by Borrower and Administrative Agent or as shall constitute the aggregate
amount of the Term Loan of the assigning Lender) with respect to the assignment
of Term Loans (it being understood that, for purposes of this proviso,
simultaneous assignments by a single Lender to Related Funds of such Lender
shall be aggregated).

(d)           Mechanics.  The assigning
Lender and the assignee thereof shall execute and deliver to Administrative
Agent (i) an Assignment Agreement (A) by means of an electronic settlement
system acceptable to Administrative Agent, or (B) manually, together with a
processing 

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and recordation fee of $3,500 (provided that, in the case of assignments
to or from CS, as a Lender, no such fee shall apply), in the case of all other
assignments (except that only one fee shall be payable in the case of
contemporaneous assignments to Related Funds), and (ii) such forms,
certificates or other evidence, if any, with respect to United States federal
income tax withholding matters as the assignee under such Assignment Agreement
may be required to deliver to Administrative Agent pursuant to Section 2.20(e); provided
that, should a Lender or assignee party to an assignment made
pursuant to Section 9.6(c)(i) deliver an Assignment
Agreement to Administrative Agent for recording, such Lender or assignee shall
also provide the relevant administrative details and applicable tax forms.

(e)           Related Lender Assignments. 
Notwithstanding anything contained in this Section 9.6 to the
contrary, a Lender may effect a Related Lender Assignment with respect to Term
Loans held by it without delivering an Assignment Agreement to Administrative
Agent or to Borrower and without payment of the assignment fee referred to in Section
9.6(d); provided that, if and
when an Assignment Agreement is delivered to Administrative Agent, it is delivered
via ClearPar, LLC, or such other electronic settlement system acceptable to the
Administrative Agent; provided  however, that (i) Borrower, Administrative
Agent and the other Lenders shall continue to deal solely and directly with
such assigning Lender in connection with such Lender’s rights and obligations
under this Agreement until such Assignment Agreement has been delivered to Administrative
Agent and recorded in the Register, and (ii) anything contained herein to the
contrary notwithstanding, if such Related Lender Assignment is to a Person that
is not a United States Person (as such term is defined in Section 7701(a)(30)
of the Code), such assignee party to such Related Lender Assignment shall comply
with Section 2.20(c) hereof as if such assignee party had delivered an
Assignment Agreement to Administrative Agent on the effective date of such
Related Lender Assignment.  The failure
of such assigning Lender to deliver an Assignment Agreement to Administrative
Agent shall not affect the legality, validity or binding effect of such
assignment.  Each assignee party to a
Related Lender Assignment shall be deemed to have consented to be bound by the
terms of this Agreement.

(f)            Notice of Assignment. 
Upon its receipt of a duly executed and completed Assignment Agreement,
together with the processing and recordation fee referred to in Section
9.6(d) (and any forms, certificates or other evidence required by this
Agreement in connection therewith), Administrative Agent shall record the
information contained in such Assignment Agreement in the Register, shall give
prompt notice thereof to Borrower and shall maintain a copy of such Assignment
Agreement.

(g)           Representations and Warranties of Assignee. 
Each Lender, upon execution and delivery hereof or upon executing and
delivering an Assignment Agreement, as the case may be, represents and warrants
as of the Closing Date or as of the applicable Effective Date (as defined in
the applicable Assignment Agreement) that (i) it is an Eligible Assignee; (ii)
it has experience and expertise in the making of or investing in commitments or
loans such as the applicable Commitments or Loans, as the case may be; and
(iii) it will make or invest in, as the case may be, its Commitments or Loans
for its own account in the ordinary course of its business and without a view
to distribution of such Commitments or Loans within the meaning of the Securities
Act or the Exchange Act or other federal securities laws (it being understood
that, subject to the provisions of this Section 9.6, the disposition of
such Commitments or Loans or any interests therein shall at all times remain
within its exclusive control).

(h)           Effect of Assignment.  Subject to the terms and conditions of this Section
9.6, as of the “Effective Date” specified in the applicable Assignment
Agreement:  (i) the assignee thereunder
shall have the rights and obligations of a “Lender” hereunder to the extent
such

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rights
and obligations hereunder have been assigned to it pursuant to such Assignment
Agreement and shall thereafter be a party hereto and a “Lender” for all
purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that
rights and obligations hereunder have been assigned thereby pursuant to such
Assignment Agreement, relinquish its rights (other than any rights that survive
the termination hereof under Section 9.8) and be released from its obligations
hereunder (and, in the case of an Assignment Agreement covering all or the
remaining portion of an assigning Lender’s rights and obligations hereunder,
such Lender shall cease to be a party hereto; provided
that, anything contained in any of the Loan Documents to the contrary
notwithstanding, (y) Issuing Bank shall continue to have all rights and
obligations thereof with respect to such Letters of Credit until the
cancellation or expiration of such Letters of Credit and the reimbursement of
any amounts drawn thereunder and (z) such assigning Lender shall continue to be
entitled to the benefit of all indemnities hereunder as specified herein with
respect to matters arising out of the prior involvement of such assigning
Lender as a Lender hereunder); (iii) the Commitments shall be modified to reflect
the Commitment of such assignee and any Revolving Commitment of such assigning
Lender, if any; and (iv) if any such assignment occurs after the issuance of
any Note hereunder, the assigning Lender shall, upon the effectiveness of such
assignment or as promptly thereafter as practicable, surrender its applicable
Notes to Administrative Agent for cancellation, and thereupon Borrower shall
issue and deliver new Notes, if so requested by the assignee and/or assigning
Lender, to such assignee and/or to such assigning Lender, with appropriate
insertions, to reflect the new Revolving Commitments and/or outstanding Loans
of the assignee and/or the assigning Lender.

(i)            Participations.  Each Lender shall have the right at any time
to sell one or more participations to any Person (other than Borrower, any of
its Subsidiaries or any of its Affiliates) in all or any part of its
Commitments, Loans or in any other Obligation. 
The holder of any such participation, other than an Affiliate of the
Lender granting such participation, shall not be entitled to require such
Lender to take or omit to take any action hereunder except with respect to any
amendment, modification or waiver that would (i) extend the final scheduled
maturity of any Loan, Note or Letter of Credit (unless such Letter of Credit is
not extended beyond the Revolving Commitment Termination Date) in which such
participant is participating, or reduce the rate or extend the time of payment
of interest or fees thereon (except in connection with a waiver of applicability
of any post default increase in interest rates) or reduce the principal amount
thereof, or increase the amount of the participant’s participation over the
amount thereof then in effect (it being understood that a waiver of any Default
or Event of Default or of a mandatory reduction in the Commitment shall not
constitute a change in the terms of such participation, and that an increase in
any Commitment or Loan shall be permitted without the consent of any participant
if the participant’s participation is not increased as a result thereof), (ii)
consent to the assignment or transfer by any Loan Party of any of its rights
and obligations under this Agreement, or (iii) release all or substantially all
of the Collateral under, or all or substantially all of the Guarantors from,
the Security Documents (except as expressly provided in the Loan Documents)
supporting the Loans hereunder in which such participant is participating.  Borrower agrees that each participant shall
be entitled to the benefits of Sections 2.18(c), 2.19 and 2.20
to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to paragraph (c) of this Section; provided that, (i) a participant shall not
be entitled to receive any greater payment under Section 2.19 or 2.20
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 Borrower’s prior written consent
and (ii) a participant that would be a Non-US Lender if it were a Lender shall
not be entitled to the benefits of Section 2.20 unless Borrower is
notified of the participation sold to such participant and such participant
agrees, for the benefit of Borrower, to comply with Section 2.20 as
though it were a Lender.  To the extent
permitted by law, each participant also shall be entitled to the benefits of Section
9.4 as though it 

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were
a Lender, provided that, such
Participant agrees to be subject to Section 2.17 as though it were a
Lender.

(j)            Certain
Other Assignments.  Without notice to
or the consent of Borrower or Administrative Agent, any Lender may at any time
pledge or assign a security interest in all or any portion of its rights under
this Agreement to secure obligations of such Lender, including any pledge or
assignment to secure obligations to a Federal Reserve Bank; provided that, no such pledge or
assignment shall release such Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto.  Notwithstanding anything to the contrary
contained herein, without notice to or the consent of Borrower or
Administrative Agent, any Lender that is a Fund may create a security interest
in all or any portion of the Loans owing to it and the Notes, if any, held by
it to the trustee for holders of obligations owed, or securities issued, by
such Fund as security for such obligations or securities; provided that, unless and until such
trustee actually becomes a Lender in compliance with the other provisions of
this Section 9.6, (i) no such pledge shall release the pledging Lender
from any of its obligations under this Agreement, and (ii) such trustee shall
not be entitled to exercise any of the rights of a Lender under this Agreement
and the Notes even though such trustee may have acquired ownership rights with
respect to the pledged interest through foreclosure or otherwise.

9.7          Independence
of Covenants.  All covenants hereunder shall be given
independent effect so that if a particular action or condition is not permitted
by any of such covenants, the fact that it would be permitted by an exception
to, or would otherwise be within the limitations of, another covenant shall not
avoid the occurrence of a Default or an Event of Default if such action is
taken or condition exists.

9.8          Survival of
Representations, Warranties and Agreements.  All representations,
warranties and agreements made herein shall survive the execution and delivery
hereof and the making of any Credit Extension. 
Notwithstanding anything herein or implied by law to the contrary, the
agreements of each Loan Party set forth in Sections 2.18(c), 2.19,
2.20, 9.2, 9.3 and 9.4 and the agreements of
Lenders set forth in Sections 2.17, 9.3(b) and 9.6 shall
survive the payment of the Loans, the cancellation or expiration of the Letters
of Credit and the reimbursement of any amounts drawn thereunder, and the
termination hereof.

9.9          No Waiver;
Remedies Cumulative.  No failure or delay on the part of any Agent
or any Lender in the exercise of any power, right or privilege hereunder or
under any other Loan Document shall impair such power, right or privilege or be
construed to be a waiver of any default or acquiescence therein, nor shall any
single or partial exercise of any such power, right or privilege preclude other
or further exercise thereof or of any other power, right or privilege.  The rights, powers and remedies given to each
Agent and each Lender hereby are cumulative and shall be in addition to and independent
of all rights, powers and remedies existing by virtue of any statute or rule of
law or in any of the other Loan Documents or any of the Hedge Agreements.  Any forbearance or failure to exercise, and
any delay in exercising, any right, power or remedy hereunder shall not impair
any such right, power or remedy or be construed to be a waiver thereof, nor
shall it preclude the further exercise of any such right, power or remedy.

9.10        Marshalling;
Payments Set Aside.  Neither any Agent nor any Lender shall be under
any obligation to marshal any assets in favor of any Loan Party or any other
Person or against or in payment of any or all of the Obligations.  To the extent that any Loan Party makes a
payment or payments to Administrative Agent or Lenders (or to Administrative
Agent, on behalf of Lenders), or Administrative Agent or Lenders enforce any
security interests or exercise their rights of set-off, and such payment or
payments or the proceeds of such enforcement or set-off or 

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any part
thereof are subsequently invalidated, declared to be fraudulent or
preferential, set aside and/or required to be repaid to a trustee, receiver or
any other party under any bankruptcy law, any other state or federal law,
common law or any equitable cause, then, to the extent of such recovery, the
obligation or part thereof originally intended to be satisfied, and all Liens,
rights and remedies therefor or related thereto, shall be revived and continued
in full force and effect as if such payment or payments had not been made or such
enforcement or set-off had not occurred.

9.11        Severability. 
In case any provision in or obligation hereunder or under any other Loan
Document shall be invalid, illegal or unenforceable in any jurisdiction, the
validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction,
shall not in any way be affected or impaired thereby.

9.12        Obligations
Several; Independent Nature of Lenders’ Rights. 
The obligations of Lenders hereunder are several and no Lender shall be
responsible for the obligations or Commitment of any other Lender
hereunder.  Nothing contained herein or
in any other Loan Document, and no action taken by Lenders pursuant hereto or
thereto, shall be deemed to constitute Lenders as a partnership, an
association, a joint venture or any other kind of entity.  The amounts payable at any time hereunder to
each Lender shall be a separate and independent debt, and each Lender shall be
entitled to protect and enforce its rights arising out hereof and it shall not
be necessary for any other Lender to be joined as an additional party in any proceeding
for such purpose.

9.13        Headings. 
Section headings herein are included herein for convenience of reference
only and shall not constitute a part hereof for any other purpose or be given
any substantive effect.

9.14        APPLICABLE LAW. 
THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK.

9.15        CONSENT TO
JURISDICTION.  ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY
LOAN PARTY ARISING OUT OF OR RELATING HERETO OR ANY OTHER LOAN DOCUMENT, OR ANY
OF THE OBLIGATIONS, MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT
JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK.  BY EXECUTING AND DELIVERING THIS AGREEMENT,
EACH LOAN PARTY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY
(a) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND
VENUE OF SUCH COURTS, (b) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, (c)
AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY
BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE
LOAN PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 9.1, (d)
AGREES THAT SERVICE AS PROVIDED IN CLAUSE (c) ABOVE IS SUFFICIENT TO CONFER
PERSONAL JURISDICTION OVER THE APPLICABLE LOAN PARTY IN ANY SUCH PROCEEDING IN
ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN
EVERY RESPECT, AND (e) AGREES AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST
ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION.

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9.16        WAIVER OF JURY
TRIAL.  EACH OF THE PARTIES HERETO HEREBY AGREES TO
WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
BASED ON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER LOAN DOCUMENTS OR ANY
DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION
OR THE LENDER/COMPANY RELATIONSHIP THAT IS BEING ESTABLISHED.  THE SCOPE OF THIS WAIVER IS INTENDED TO BE
ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND
THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT
CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND
STATUTORY CLAIMS.  EACH PARTY HERETO
ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS
RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS
AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED
FUTURE DEALINGS.  EACH PARTY HERETO FURTHER
WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL
AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING
CONSULTATION WITH LEGAL COUNSEL.  THIS
WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED, WHETHER ORALLY OR
IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO
THIS SECTION 9.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS
WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR
MODIFICATIONS HERETO OR ANY OF THE OTHER LOAN DOCUMENTS OR TO ANY OTHER
DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER.  IN THE EVENT OF LITIGATION, THIS AGREEMENT
MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

9.17        Confidentiality. 
Each Lender shall hold all nonpublic information regarding Borrower and
its Subsidiaries and their businesses identified as such by Borrower and
obtained by such Lender pursuant to the requirements hereof in accordance with
such Lender’s customary procedures for handling confidential information of
such nature, it being understood and agreed by Borrower that, in any event, a
Lender may make (i) disclosures of such information to Affiliates of such
Lender and to their agents and advisors (and to other persons authorized by a
Lender or Agent to organize, present or disseminate such information in connection
with disclosures otherwise made in accordance with this Section 9.17),
(ii) disclosures of such information reasonably required by any bona fide or
potential assignee, transferee or participant in connection with the
contemplated assignment, transfer or participation by such Lender of any Loans
or any participations therein or by any direct or indirect contractual
counterparties (or the professional advisors thereto) in Hedge Agreements (provided that, such counterparties and
advisors are advised of and agree to be bound by the provisions of this Section
9.17), (iii) disclosure to any rating agency when required by it, provided that, prior to any disclosure,
such rating agency shall undertake in writing to preserve the confidentiality
of any confidential information relating to the Loan Parties received by it
from any Agent or any Lender, (iv) disclosures required or requested by any governmental
agency, self-regulatory organization or representative thereof or by The
National Association of Insurance Commissioners (or its successor) or pursuant
to legal or judicial process; provided
that, unless specifically prohibited by applicable law or court order, each
Lender shall make reasonable efforts to notify Borrower of any request by any
governmental agency, self-regulatory organization or representative thereof
(other than any such request in connection with any examination of the
financial condition, compliance examination or other routine examination of
such Lender by such governmental agency) for disclosure of any such nonpublic
information 

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prior to
disclosure of such information, and (v) in connection with the exercise of any
remedy or any enforcement action hereunder or under any other Loan Document.

9.18        Usury Savings
Clause.  Notwithstanding any other provision herein,
the aggregate interest rate charged with respect to any of the Obligations,
including all charges or fees in connection therewith deemed in the nature of
interest under applicable law shall not exceed the Highest Lawful Rate.  If the rate of interest (determined without
regard to the preceding sentence) under this Agreement at any time exceeds the
Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall
bear interest at the Highest Lawful Rate until the total amount of interest due
hereunder equals the amount of interest that would have been due hereunder if
the stated rates of interest set forth in this Agreement had at all times been
in effect.  In addition, if when the
Loans made hereunder are repaid in full the total interest due hereunder
(taking into account the increase provided for above) is less than the total
amount of interest that would have been due hereunder if the stated rates of
interest set forth in this Agreement had at all times been in effect, then to
the extent permitted by law, Borrower shall pay to Administrative Agent an
amount equal to the difference between the amount of interest paid and the
amount of interest which would have been paid if the Highest Lawful Rate had at
all times been in effect.  Notwithstanding
the foregoing, it is the intention of Lenders and Borrower to conform strictly
to any applicable usury laws. 
Accordingly, if any Lender contracts for, charges, or receives any
consideration that constitutes interest in excess of the Highest Lawful Rate,
then any such excess shall be cancelled automatically and, if previously paid,
shall at such Lender’s option be applied to the outstanding amount of the Loans
made hereunder or be refunded to Borrower.

9.19        Counterparts. 
This Agreement may be executed in any number of counterparts, each of
which when so executed and delivered shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument.

9.20        Patriot Act. 
Each Lender and Administrative Agent (for itself and not on behalf of
any other party) hereby notifies Borrower that, pursuant to the requirements of
the Patriot Act, it is required to obtain, verify and record information that
identifies Borrower, which information includes the names and addresses and
other information that will allow such Lender or Administrative Agent, as
applicable, to identify Borrower in accordance with the Patriot Act.  Borrower will, and will cause each of its
Subsidiaries to, provide, to the extent commercially reasonable or required by
Requirements of Law, such information and take such actions as are reasonably requested
by Administrative Agent or any Lender to assist Administrative Agent and the
Lenders in maintaining compliance with the Patriot Act.

9.21        Integration. 
This Agreement and the other Loan Documents represent the entire
agreement of Holdings, Borrower, the Subsidiaries of Borrower, Administrative
Agent and the Lenders with respect to the subject matter hereof and thereof,
and there are no promises, undertakings, representations or warranties by
Administrative Agent or any Lender relative to the subject matter hereof not
expressly set forth or referred to herein or in the other Loan Documents.

9.22        Release of
Collateral and Guaranty Obligations.  (a)
Notwithstanding anything to the contrary contained herein or in any other Loan
Document, upon request of Borrower in connection with any Disposition of
Property permitted by the Loan Documents, Administrative Agent is hereby
authorized (without notice to or vote or consent of any Lender, or any
Affiliate of any Lender that is a party to any Hedge Agreement) to take such
actions as shall be required to release its security interest in any Collateral
being Disposed of in such Disposition, and to release any Guarantied
Obligations of any Person being Disposed of in such Disposition, to the extent
necessary to permit consummation of such Disposition in accordance with the
Loan Documents; 

 119
 

 

provided
that, Borrower shall have delivered to Administrative Agent, at least five
Business Days (or such shorter period as may be satisfactory to Administrative
Agent) prior to the date of the proposed release, a written request for release
identifying the relevant Collateral being Disposed of in such Disposition and
the terms of such Disposition in reasonable detail, including the date thereof,
the price thereof and any expenses in connection therewith, together with a
certification by Borrower stating that such transaction is in compliance with
this Agreement and the other Loan Documents and that the proceeds of such
Disposition will be applied in accordance with this Agreement and the other
Loan Documents.

(b)           Notwithstanding
anything to the contrary contained herein or any other Loan Document, when all
Obligations (other than Obligations in respect of any Hedge Agreement) have
been paid in full, all Commitments have terminated or expired and no Letter of
Credit shall be outstanding, upon request of Borrower, Administrative Agent
shall (without notice to or vote or consent of any Lender, or any Affiliate of
any Lender that is a party to any Hedge Agreement) take such actions as shall
be required to release its security interest in all Collateral, and to release
all the Guarantied Obligations provided for in any Loan Document, whether or
not on the date of such release there may be outstanding Obligations in respect
of Hedge Agreements.

9.23        Effectiveness. 
This Agreement shall become effective upon the execution of a
counterpart hereof by each of the parties hereto and receipt by Borrower and
Administrative Agent of written or telephonic notification of such execution
and authorization of delivery thereof.

9.24        Existing
Agreements Superseded.  As and to the
extent set forth in Section 1.4, the Fourth Restated Credit Agreement is
superseded by this Agreement, which has been executed in renewal, amendment,
restatement and modification, but not in novation or extinguishment of, the
obligations under the Fourth Restated Credit Agreement.

[Remainder of page intentionally left blank]

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

	
  

  	
  REGAL CINEMAS CORPORATION,

  
	
   

  	
  as Borrower

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Amy E. Miles

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Amy E. Miles

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, 

  Chief Financial Officer and Treasurer

  
					

 

 

Fifth Amended and
Restated Credit Agreement

 

 

 

	
  

  	
  CREDIT SUISSE, CAYMAN ISLANDS BRANCH,

  
	
   

  	
  as Administrative Agent, Swingline Lender, Issuing
  Bank and a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bill O’Daley

  	
   

  
	
   

  	
   

  	
  Name: Bill O’Daley

  
	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mikhail Faybusovich

  	
   

  
	
   

  	
   

  	
  Name: Mikhail Faybusovich

  
	
   

  	
   

  	
  Title: Associate

  

 

 

Fifth Amended and
Restated Credit Agreement

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