Document:

exv4w2

Exhibit 4.2
Execution
Version

FIRST SUPPLEMENTAL INDENTURE

Dated as of April 6, 2011

To

INDENTURE

Dated as of April 6, 2011

5.800% SENIOR NOTES DUE 2021

VERISK ANALYTICS, INC.

As the Company

INSURANCE SERVICES OFFICE, INC.

ISO STAFF SERVICES, INC.

ISO CLAIMS SERVICES, INC.

AIR WORLDWIDE CORPORATION

ISO SERVICES, INC.

XACTWARE SOLUTIONS, INC.

VERISK HEALTH, INC.

INTERTHINX, INC.

D2HAWKEYE, INC.

Together with Such Other Guarantors as may be Added from Time to Time

As Guarantors

WELLS FARGO BANK, NATIONAL ASSOCIATION

As Trustee

 

 

TABLE OF CONTENTS

ARTICLE I

Definitions and Incorporation

by Reference

	 	 	 	 	 

	Section 1.01 Relationship with Base Indenture

	 	 	1	 
	Section 1.02 Definitions

	 	 	2	 

ARTICLE II

The Notes

	 	 	 	 	 

	Section 2.01 Form and Dating

	 	 	7	 
	Section 2.02 Issuance of Additional Notes

	 	 	9	 

ARTICLE III

Redemption and Prepayment

	 	 	 	 	 

	Section 3.01 Notice of Redemption; Selection of Securities

	 	 	9	 
	Section 3.02 Notes Redeemed in Part

	 	 	9	 
	Section 3.03 Optional Redemption

	 	 	9	 
	Section 3.04 Mandatory Redemption

	 	 	10	 

ARTICLE IV

Particular Covenants

	 	 	 	 	 

	Section 4.01 Limitation on Liens

	 	 	10	 
	Section 4.02 Limitation on Sale/Leaseback Transactions

	 	 	11	 
	Section 4.03 Offer to Purchase Upon Change of Control Repurchase Event

	 	 	12	 

ARTICLE V

Defaults

	 	 	 	 	 

	Section 5.01 Defaults

	 	 	14	 

ARTICLE VI

Guarantees

	 	 	 	 	 

	Section 6.01 Guarantees of the Notes

	 	 	14	 
	Section 6.02 Effect of Guarantees; Guarantors to be bound by Indenture

	 	 	14	 
	Section 6.03 Execution and Delivery of the Guarantees

	 	 	15	 

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	Section 6.04 Termination of Guarantees

	 	 	15	 

ARTICLE VII

Miscellaneous

	 	 	 	 	 

	Section 7.01 Trust Indenture Act Controls

	 	 	15	 
	Section 7.02 Governing Law

	 	 	15	 
	Section 7.03 Successors

	 	 	15	 
	Section 7.04 Severability

	 	 	15	 
	Section 7.05 Counterpart Originals

	 	 	15	 
	Section 7.06 Table of Contents, Headings, Etc

	 	 	16	 
	Section 7.07 Validity or Sufficiency of Supplemental Indenture

	 	 	16	 
	Section 7.08 Waiver of Jury Trial

	 	 	16	 

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     FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of April 6, 2011,
among Verisk Analytics, Inc., a Delaware corporation, as the Company (the “Company”), Insurance
Services Office, Inc., a Delaware corporation (“ISO”), ISO Staff Services, Inc., a Delaware
corporation, Xactware Solutions, Inc., a Delaware corporation, ISO Services, Inc., a Delaware
corporation, ISO Claims Services, Inc., a Delaware corporation, AIR Worldwide Corporation, a
Delaware corporation, Interthinx, Inc., a California corporation, Verisk Health, Inc., a
Massachusetts corporation, and D2Hawkeye, Inc., a Delaware corporation, together with such other
guarantors as may be added from time to time (each a “Guarantor” and collectively, the
“Guarantors”) and Wells Fargo Bank, National Association, a national banking association, as
Trustee (the “Trustee”).

     WHEREAS, the Company and the Guarantors have heretofore executed and delivered to the Trustee
an indenture dated as of April 6, 2011 (the “Base
Indenture”), providing for the issuance from time
to time of one or more series of the Company’s senior notes and guarantees thereof by the
Guarantors.

     WHEREAS, the Company and the Guarantors desire and have requested the Trustee pursuant to
Section 9.01 of the Base Indenture to join with it in the execution and delivery of this
Supplemental Indenture in order to supplement the Base Indenture as and to the extent set forth
herein to provide for the issuance and the terms of the Notes (as defined below).

     WHEREAS, the execution and delivery of this Supplemental Indenture has been duly authorized by
a resolution of the Finance and Investment Committee, a duly authorized committee of the Board of
Directors of the Company and ISO, and by resolutions of the Board of Directors of each other
Guarantor.

     WHEREAS, all conditions and requirements necessary to make this Supplemental Indenture a
valid, binding and legal instrument in accordance with its terms have been performed and fulfilled
by the parties hereto and the execution and delivery thereof have been in all respects duly
authorized by the parties hereto.

     NOW, THEREFORE, the Company, the Guarantors and the Trustee agree as follows for the benefit
of each other and for the equal and ratable benefit of the Holders (as defined herein) of the
5.800% Senior Notes due 2021 (the “Notes”):

ARTICLE I

DEFINITIONS AND INCORPORATION

BY REFERENCE

     Section 1.01 Relationship with Base Indenture. The terms and provisions contained in the
Base Indenture will constitute, and are hereby expressly made, a part of this Supplemental
Indenture and the Company, the Guarantors and the Trustee, by their execution and delivery of this
Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby.
However, to the extent any provision of the Base Indenture conflicts with the express

 

 

provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture will
govern and be controlling in respect of the Notes.

     The Trustee accepts the amendment of the Base Indenture effected by this Supplemental
Indenture and agrees to execute the trust created by the Base Indenture as hereby amended, but only
upon the terms and conditions set forth in this Supplemental Indenture, including the terms and
provisions defining and limiting the liabilities and responsibilities of the Trustee in the
performance of the trust created by the Base Indenture.

     Section 1.02 Definitions. Capitalized terms used herein without definition shall have the
respective meanings set forth in the Base Indenture. The following terms have the meanings given to
them in this Section 1.02:

     “Additional Notes” has the meaning assigned to such term in Section 2.02 hereof.

     “Attributable Debt” means, when used in connection with a Sale/Leaseback Transaction, at the
time of determination, the lesser of:

     (1) the fair value of such property (as determined in good faith by the Board of Directors of
the Company), and

     (2) the present value of the total net amount of rent required to be paid under the lease
related to such property during the remaining term thereof (including any renewal term or period
for which such lease has been extended), discounted at the rate of interest set forth or implicit
in the terms of such lease, compounded semi-annually as determined by the Company’s principal
accounting or financial officer.

     “Base Indenture” has the meaning set forth in the preamble to this Supplemental Indenture, as
amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

     “Business Day” means any day that is not a Saturday, a Sunday or a day on which banking
institutions are not required to be open in the State of New York.

     “Change of Control” means the occurrence of any one or more of the following events:

     (1) the consummation of any transaction (including, without limitation, any merger or
consolidation) the result of which is that any “Person” or “group” of related Persons (as such
terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934) becomes the
“beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934,
except that such Person or group shall be deemed to have “beneficial ownership” of all shares that
any such Person or group has the right to acquire, whether such right is exercisable immediately or
only after the passage of time), directly or indirectly, of more than 50% of the total voting power
of the Company’s Voting Stock (for the purposes of this clause, such Person or group shall be
deemed to beneficially own any of the Company’s Voting Stock held by a parent entity if such Person
or group is the “beneficial owner,” directly or indirectly, of a majority of the voting power of
the Voting Stock of such parent entity);

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     (2) the Company consolidates with, or merges with or into, any Person, or any Person
consolidates with, or merge with or into the Company, in any such event pursuant to a transaction
in which any the Company’s outstanding Voting Stock or the outstanding Voting
Stock of such other Person is converted into or exchanged for cash, securities or other
property, other than any such transaction where the shares of the Company’s Voting Stock
outstanding immediately prior to such transaction constitute, or are converted into or exchanged
for, a majority of the Voting Stock of the surviving Person immediately after giving effect to such
transaction;

     (3) the first day on which a majority of the members of the Company’s Board of Directors, as
applicable, cease to be Continuing Directors;

     (4) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than
by way of merger or consolidation), in one or a series of related transactions, of all or
substantially all of the Company’s assets and the assets of the Company’s subsidiaries taken as a
whole to any “Person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934) other than to the Company or one of its subsidiaries; or

     (5) the adoption by the Company’s stockholders of a plan or proposal for the Company’s
liquidation or dissolution.

Notwithstanding the foregoing, a transaction will not be considered to be a Change of Control if
(a) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (b)
immediately following that transaction, (1) the direct or indirect holders of the Voting Stock of
the holding company are substantially the same as the holders of the Company’s Voting Stock
immediately prior to that transaction or (2) no Person or group is the beneficial owner, directly
or indirectly, of more than a majority of the Voting Stock of the holding company.

     “Change of Control Offer” has the meaning assigned to such term in Section 4.03 hereof.

     “Change of Control Payment” has the meaning assigned to such term in Section 4.03 hereof.

     “Change of Control Payment Date” has the meaning assigned to such term in Section 4.03 hereof.

     “Change of Control Purchase Price” has the meaning assigned to such term in Section 4.03
hereof.

     “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a
Rating Decline.

     “Common Stock” of any Person means any and all shares, interests or other participations in,
and other equivalents (however designated and whether voting or non-voting) of, such Person’s
common stock, and includes, without limitation, all series and classes of such Common Stock.

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     “Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining term of the Notes to
be redeemed that would be used, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the Notes.

     “Comparable Treasury Price” means, with respect to any date of redemption, the Reference
Treasury Dealer Quotations for that date of redemption.

     “Consolidated Total Assets” means the total assets of the Company and its consolidated
subsidiaries, as set forth on the Company’s most recent consolidated balance sheet, as determined
by GAAP.

     “Continuing Director” means, as of any date of determination, any member of the Company’s
Board of Directors who (a) was a member of the Company’s Board of Directors on the date of this
Supplemental Indenture or (b) was nominated for election or elected to the Company’s board of
directors with the approval of a majority of the Continuing Directors who were members of the
Company’s Board of Directors at the time of such nomination or election (either by a specific vote
or by approval of the Company’s proxy statement in which such member was named as a nominee for
election as a director, without objection to such nomination).

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

     “Depositary” means, with respect to the Notes issuable or issued in whole or in part in global
form, the Person specified in Section 2.01 hereof as the Depositary with respect to the Notes, and
any and all successors thereto appointed as depositary hereunder and having become such pursuant to
the applicable provision of this Supplemental Indenture.

     “DTC” has the meaning assigned to such term in Section 2.01 hereof.

     “Fitch” means Fitch Inc., a subsidiary of Fimalac, S.A., and its successors.

     “GAAP” means with respect to any computations required or permitted under the Indenture,
generally accepted accounting principles in effect in the United Sates as in effect from time to
time; provided, however if the Company is required by the SEC to adopt (or is permitted to adopt
and so adopts) a different accounting framework, including but not limited to the International
Financial Reporting Standards, “GAAP” shall mean such new accounting framework as in effect from
time to time, including, without limitation, in each case, those accounting principles set forth in
the opinions and pronouncements of the Accounting Principles Board of the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board or in such other statements by such other entity as approved by a significant
segment of the accounting profession.

     “Global Note Legend” means the legend set forth in Section 2.01(e) hereof, which is required
to be placed on all Global Notes issued under this Supplemental Indenture.

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     “Global Notes” means, individually and collectively, each of the Global Notes, in the form of
Exhibit A hereto issued in accordance with Section 2.01 hereof.

     “Guarantor” means the Persons named as “Guarantors” in the first paragraph of this Indenture
and any additional Persons added as guarantors pursuant to Section 6.03 hereof, until a successor
replaces any such Guarantor and, thereafter, “Guarantors” shall mean the Guarantors not so replaced
together with any such successors.

     “Holder” means a Person in whose name a Note is registered.

     “Indenture” means the Base Indenture, as supplemented by this Supplemental Indenture,
governing the Notes, together, as amended, supplemented or restated from time to time.

     “Independent Investment Banker” means the Reference Treasury Dealer appointed by the Company.

     “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through
a Participant.

     “Initial Notes” means the first $450,000,000 aggregate principal amount of Notes issued under
this Supplemental Indenture on the date hereof.

     “Investment Grade” means BBB- or higher by S&P and Baa3 or higher by Moody’s, BBB- or higher
by Fitch and BBB- or the equivalent of such ratings by S&P, Fitch or Moody’s, if S&P, Fitch or
Moody’s shall not make a rating on the Notes publicly available, another Rating Agency.

     “ISO” has the meaning assigned to it in the preamble to this Supplemental Indenture.

     “Lien” means a mortgage, security interest, pledge, lien, charge or other encumbrance.

     “Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its
successors.

     “Notes” has the meaning assigned to it in the preamble to this Supplemental Indenture.

     “Participant” means, with respect to the Depositary, a Person who has an account with the
Depositary.

     “Permitted Liens” has the meaning assigned to it in Section 4.01 hereof.

     “Permitted Subsidiary Acquisition Indebtedness” means indebtedness of any subsidiary of the
Company which is:

     (a) owed by any Person at the time (i) such Person becomes a subsidiary of or is merged with
or into the Company or a subsidiary of the Company or (ii) a subsidiary acquires any property from
such Person and which indebtedness is expressly assumed by such subsidiary at the time of such
acquisition; provided that (A) such indebtedness was not created, incurred, or

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assumed by such Person or such subsidiary in contemplation of such acquisition, (B) in the
event such indebtedness shall be guaranteed, such guarantee shall be unsecured and shall be given
by ISO and/or the Company, and (C) the principal amount of such indebtedness shall not be
increased at any time after it is first acquired or assumed, as applicable, or

     (b) incurred by such subsidiary to finance or to refinance such acquisition; provided that (i)
such indebtedness shall be incurred substantially simultaneously with the consummation of such
acquisition, (ii) the principal amount of such indebtedness incurred in connection with such
acquisition shall not be increased at any time after it is first incurred, (iii) the principal
amount of such indebtedness (together with any accrued interest thereon and closing costs relating
thereto) shall at no time exceed one hundred percent (100%) of the original purchase price of such
acquisition, and (iv) in the event such indebtedness shall be guaranteed, such guarantee shall be
unsecured and shall be given by ISO and/or the Company.

     “Property” means any property or asset, whether real, personal or mixed, or tangible or
intangible, including shares of capital stock.

     “Rating Agency” means each of S&P, Fitch and Moody’s or, to the extent S&P, Fitch or Moody’s
do not make a rating on the Notes publicly available, a “nationally recognized statistical rating
organization” (as such term is defined in Rule 15c3-1(c)(2)(vi)(F) of the Exchange Act) or
“organizations”, as the case may be, selected by the Company (as certified by a resolution of the
Company’s board of directors), which shall be substituted for S&P, Fitch or Moody’s, as the case
may be.

     “Rating Decline” means the Notes are rated below Investment Grade by all of the Rating
Agencies on any date during the period from the date 60 days prior to the first public notice of an
arrangement that could result in a Change of Control until the end of the 60 day period following
the consummation of such Change of Control (which period will be extended following the
consummation of such Change of Control for so long as any Rating Agency has publicly announced that
it is considering a possible downgrade in its rating of the Notes).

     “Reference Treasury Dealer” means each of J.P. Morgan Securities LLC and Merrill Lynch,
Pierce, Fenner & Smith Incorporated and their respective successors and two other nationally
recognized investment banking firms that are primary U.S. Government securities dealers specified
from time to time by the Company so long as the entity is a primary U.S. Government securities
dealer.

     “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any date of redemption, the average, as determined by the Company, of the bid and asked prices
for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m., New York City
time, on the third Business Day preceding that date of redemption, after excluding the highest and
lowest of such quotations, unless the Company obtains fewer than four such quotations, in which
case the average of all of such quotations.

     “Remaining Scheduled Payments” means, with respect to each Note to be redeemed,
the remaining scheduled payments of the principal thereof and interest thereon that would be
due

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after the related date of redemption therefor; provided, however, that, if that date of
redemption is not an interest payment date with respect to such Note, the amount of the next
succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon
to that date of redemption.

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

     “Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter
acquired whereby either the Company transfers, or any of its subsidiaries transfers, such property
to a Person and either the Company or any of its subsidiaries leases it back from such Person.

     “subsidiary” means, with respect to any Person, any corporation, association, partnership or
other business entity of which more than 50% of the total voting power of shares of capital stock
or other interests (including partnership interests) entitled (without regard to the occurrence of
any contingency) to vote in the election of directors, managers or trustees thereof is at the time
owned or controlled, directly or indirectly, by (a) such Person, (b) such Person and one or more
subsidiaries of such Person or (c) one or more subsidiaries of such Person.

     “Supplemental Indenture” means this First Supplemental Indenture, dated as of the date hereof,
by and among the Company, the Guarantors and the Trustee, governing the Notes, as amended,
supplemented or otherwise modified from time to time in accordance with the Base Indenture and the
terms hereof.

     “Treasury Rate” means, with respect to any date of redemption, the rate per annum equal to the
semi-annual equivalent yield to maturity, computed as of the third Business Day immediately
preceding that date of redemption, of the Comparable Treasury Issue, assuming a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for that date of redemption.

     “Voting Stock” of any specified Person as of any date means the capital stock of such Person
that is at the time entitled to vote generally in the election of the board of directors of such
Person. With respect to the Company, references to “Voting Stock” shall refer to the Company’s
Class A Common Stock and Class B Common Stock, in each case par value $0.001 per share, taken
together as a single class.

ARTICLE II

THE NOTES

     Section 2.01 Form and Dating. (a) The Notes and the Trustee’s certificate of authentication
included thereon will be substantially in the form of Exhibit A hereto. The Notes may have
notations, legends or endorsements required by law, stock exchange rule or usage. Each Note will be
dated the date of its authentication. The Notes will initially be issued in the form of one or more
Registered Global Securities, without coupons, in minimum denominations of $2,000 with integral
multiples of $1,000 in excess thereof.

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     The terms and provisions contained in the Notes will constitute, and are hereby expressly
made, a part of this Supplemental Indenture, and the Company, the Guarantors and the Trustee,
by their execution and delivery of this Supplemental Indenture, expressly agree to such terms
and provisions and to be bound thereby. However, to the extent any provision of this Supplemental
Indenture or any Note conflicts with the express provisions of the Base Indenture, the provisions
of this Supplemental Indenture or the Notes, as the case may be, will govern and be controlling.

          (b) Notes issued in global form will be substantially in the form of Exhibit A
attached hereto (including the Global Note Legend thereon). Each Global Note will represent such of
the outstanding Notes as will be specified therein and each will provide that it will represent the
aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the
aggregate principal amount of outstanding Notes represented thereby may from time to time be
reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a
Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of
outstanding Notes represented thereby will be made by the Trustee or the custodian of the Notes, at
the direction of the Trustee, in accordance with written instructions given by the Holder thereof
as required by Section 2.02 hereof. The Company initially appoints The Depository Trust Company
(“DTC”) to act as Depositary with respect to the Global Notes.

          (c) The Notes shall not be exchangeable for nor convertible into the common stock of the
Company or any other security.

          (d) The Company will not pay additional amounts on Notes held by a person who is not a U.S.
person in respect of any tax, assessment or governmental charge withheld or deducted.

          (e) The following legends will appear on the face of all Global Notes issued under this
Supplemental Indenture.

     “THIS SECURITY IS A REGISTERED GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH
MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS
SECURITY FOR ALL PURPOSES.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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.

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     TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN
PART, BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, OR BY A NOMINEE OF THE DEPOSITARY TO THE
DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.”

     Section 2.02 Issuance of Additional Notes. The Company will be entitled, upon delivery of an Officers’
Certificate and an Opinion of Counsel, to issue Additional Notes under this Supplemental Indenture
which will have identical terms as the Initial Notes issued on the date hereof, other than with
respect to the date of issuance, the issue price and, in some cases, the first interest payment
date (“Additional Notes”), provided that the Company and the Guarantors are in compliance with the
covenants contained in this Supplemental Indenture and the Base Indenture. The Initial Notes issued
on the date hereof and any Additional Notes issued will be treated as a single class for all
purposes under this Supplemental Indenture.

     With respect to any Additional Notes, the Company will set forth in a resolution of its Board
of Directors and an Officers’ Certificate, a copy of each which will be delivered to the Trustee,
the following information:

     (a) the aggregate principal amount of such Additional Notes to be authenticated and delivered
pursuant to this Supplemental Indenture; and

     (b) the issue price, the issue date, the initial interest payment date and the CUSIP number of
such Additional Notes.

ARTICLE III

REDEMPTION AND PREPAYMENT

     Section 3.01 Notice of Redemption; Selection of Securities. The Company will send by first class mail
notice of any redemption at least 30 days but not more than 60 days before the date of redemption
to each Holder of the Notes to be redeemed setting forth the information to be stated in such
notice as provided in Article 3 of the Base Indenture. If less than all of the Notes are to be
redeemed, the Notes to be redeemed shall be selected by the Trustee by such method as the Trustee
deems to be fair and appropriate and in accordance with the procedures of the Depositary.

     Section 3.02 Notes Redeemed in Part. No Notes of principal amount of $2,000 or less may be redeemed in
part.

     Section 3.03 Optional Redemption. The Company may, at its option, on any one or more occasions, redeem,
in whole or in part, at a redemption price equal to the greater of the following amounts, plus, in
each case, accrued and unpaid interest, if any, on the principal amount of the Notes being redeemed
to, but excluding, the date of redemption (subject to the right of the holders of record on the
relevant record date to receive interest due on the relevant interest payment date):

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     (i) 100% of the principal amount of the Notes to be redeemed; and

     (ii) the sum of the present values of the Remaining Scheduled Payments (as defined below) of
the Notes to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 40
basis points, provided that the principal amount of a Note remaining outstanding after redemption
in part will be $2,000 or an integral multiple of $1,000 in excess thereof.

If the date of redemption is on or after an interest record date and on or before the related
interest payment date, the accrued and unpaid interest, if any, will be paid to the Person in whose
name the Note is registered at the close of business on such interest record date, and no
additional interest will be payable to Holders whose Notes will be subject to redemption by the
Company. Unless the Company defaults in payment of the redemption price, on and after the date of
redemption, interest shall cease to accrue on the Notes or the portions thereof called for
redemption.

     Section 3.04 Mandatory Redemption. The Company is not required to make any mandatory redemption or
sinking fund payments with respect to the Notes.

ARTICLE IV

PARTICULAR COVENANTS

     Section 4.01 Limitation on Liens. (a) The Company will not, and will not permit any of its subsidiaries
to create, assume, incur or permit to exist any Lien on any of its or such subsidiaries’ property
or assets, whether owned on the date of issuance of the Notes or thereafter acquired, or upon any
income or profits therefrom, in order to secure any of its indebtedness or that of its
subsidiaries, unless the Notes are at least equally and ratably secured with such secured
indebtedness (together with, if the Company so determines, any other Indebtedness of or guaranty by
the Company or such subsidiary then existing or thereafter created that is not subordinated to the
Notes) for so long as such other indebtedness is so secured; provided, however, that the above
restrictions shall not apply to the following (the “Permitted Liens”):

               (i) Liens on property or other assets of any Person existing at the time such Person
becomes a subsidiary, provided that such Lien was not incurred in anticipation of such
Person becoming a subsidiary;

               (ii) Liens in respect of Permitted Subsidiary Acquisition Indebtedness; provided that
(i) each such Lien (A) shall be created substantially simultaneously with the acquisition of
the related property or properties or (B) shall have existed on any property of a Person (1)
at the time such Person becomes a subsidiary of or is merged with or into the Company or its
subsidiary or (2) at the time a subsidiary acquires such property from such Person, and, in
the case of each of the foregoing clauses (1) and (2), such Lien shall not have been created
in contemplation of such acquisition, and (ii) no such Lien at any time shall encumber any
property or properties other than the related property or properties financed by such
Permitted Subsidiary Acquisition Indebtedness and the proceeds thereof;

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          (iii) Liens on property or assets to secure any indebtedness incurred prior to, at the
time of, or within 270 days after, the acquisition of such property or in the case of real
property, the completion of construction, the completion of improvements or the beginning of
substantial commercial operation of such real property for the purpose of financing all or
any part of the purchase price of such real property, the construction thereof or the making
of improvements thereto;

          (iv) Liens in the Company’s favor or in favor of any Guarantor of the Notes;

          (v) Liens existing on the date of issuance of the Notes;

          (vi) Liens on property or other assets of a Person existing at the time the Person is
merged into or consolidated with the Company or any of its subsidiaries or at the time of a
sale, lease or other disposition of the properties of a Person as an entirety or
substantially as an entirety to either the Company or any of its subsidiaries provided that
such Lien was not incurred in anticipation of the merger or consolidation or sale, lease or
other disposition;

          (vii) extensions, renewals or replacements (or successive extensions, renewals or
replacements) in whole or in part of any Lien referred to above without increase of the
principal of the indebtedness (plus any premium or fee payable in connection with any such
extension, renewal or replacement) secured by the Lien; provided, however, that any
Permitted Liens shall not extend to or cover any of the Company’s or its subsidiaries’
property, as the case may be, other than the property specified in the foregoing clauses and
improvements to this property; and

          (viii) Liens arising in connection with trade letters of credit issued for the
Company’s account or the account of a subsidiary securing the reimbursement obligations in
respect of such letters of credit, provided, that such Liens encumber only the property
being acquired through payments made under such letters of credit or the documents of title
and shipping and insurance documents relating to such property.

          (b) Notwithstanding Section 4.01(a), the Company and any of its subsidiaries may create,
assume, incur or guarantee indebtedness secured by a Lien without equally and ratably securing the
Notes; provided that at the time of such creation, assumption, incurrence or guarantee, after
giving effect thereto and to the retirement of any indebtedness that is concurrently being retired,
the sum of (a) the aggregate amount of all outstanding indebtedness secured by Liens other than
Permitted Liens, and (b) the Attributable Debt of all of the Company’s and its subsidiaries’
Sale/Leaseback Transactions permitted by Section 4.02(b)(v) does not at such time exceed 7.5% of
Consolidated Total Assets.

     Section 4.02 Limitation on Sale/Leaseback Transactions. (a) The Company will not, and will not permit
any of its subsidiaries to, enter into any Sale/Leaseback Transaction with respect to any real or
personal property, whether now owned or hereafter acquired by the Company or any of its
subsidiaries, unless:

11

 

               (i) The Company or such subsidiary would, at the time of entering into such
arrangement, be able to incur indebtedness secured by a Lien on the property involved in the
transaction at least equal in amount to the Attributable Debt with respect to such
Sale/Leaseback Transaction, without equally and ratably securing the Notes under Section
4.01 above; or

               (ii) the net proceeds of the sale of the property to be leased are at least equal to
such property’s fair market value, as determined by the Company’s Board of Directors, and
the proceeds are applied within 270 days of the effective date of the Sale/Leaseback
Transaction to the purchase, construction, development or acquisition of assets or to the
repayment of any of the Company’s indebtedness that ranks equally with the Notes or any
indebtedness of the Company’s subsidiaries.

          (b) Notwithstanding Section 4.02(a), the Company shall be permitted to enter to Sale/Leaseback
Transactions, without complying with the requirements of Section 4.02(a) above, if:

               (i) the Sale/Leaseback Transaction was entered into prior to the date of issuance of
the Notes;

               (ii) the Sale/Leaseback Transaction is between the Company and any wholly-owned
subsidiary of the Company, or between wholly-owned subsidiaries of the Company;

               (iii) the Sale/Leaseback Transaction involves leases for a period of no longer than
three years;

               (iv) the Sale/Leaseback Transaction is one in which the lease for the property or asset
is entered into within 180 days after the date of acquisition, completion of construction or
commencement of full operations of such property or asset, whichever is latest; or

               (v) after giving effect thereto, the aggregate amount of all Attributable Debt with
respect to Sale/Leaseback Transactions existing at such time that could not have been
entered into except for the provisions described in this paragraph, together with the
aggregate amount of all outstanding indebtedness secured by Liens permitted under Section
4.01(b) above, does not exceed 7.5% of Consolidated Total Assets.

     Section 4.03 Offer to Purchase Upon Change of Control Repurchase Event. (a) Upon the occurrence of a
Change of Control Repurchase Event, each Holder shall have the right to require the Company to
purchase such Holder’s Notes in whole or in part (equal to $2,000 or an integral multiple of $1,000
in excess thereof) at a purchase price (the “Change of Control Purchase Price”) equal to 101% of
the principal amount of such Notes, plus accrued and unpaid interest, if any, to the date of
repurchase (subject to the rights of Holders of record on the relevant interest record date to
receive interest due on the relevant interest payment date), pursuant to and in accordance with the
offer described in this Section 4.03, provided that after giving effect to the purchase, any Notes
that remain outstanding shall have a denomination of $2,000 or integral multiples of $1,000 in
excess thereof.

12

 

          (b) Within 30 days following any Change of Control Repurchase Event, unless the Company has
exercised its right to redeem all of the Notes pursuant to Section 3.03 hereof, the Company shall
send by first class mail a notice (the “Change of Control Offer”) to each Holder, with a copy to
the Trustee, which notice shall state:

               (i) that such Change of Control Repurchase Event has occurred and that such Holder has
the right to require the Company to repurchase such Holder’s Notes at a purchase price in
cash equal to 101% of the principal amount of the Notes plus accrued and unpaid interest, if
any, to the date of repurchase (subject to the rights of Holders of records on the relevant
interest record date to receive interest due on the relevant interest payment date) (the
“Change of Control Payment”);

               (ii) the Change of Control Purchase Price and the Change of Control Purchase Date,
which shall be a Business Day that is no earlier than 30 days nor later than 60 days from
the date such notice is sent, other than as may be required by law (the “Change of Control
Payment Date”);

               (iii) the procedures determined by the Company, consistent with the Indenture, that a
Holder must follow in order to have its Notes repurchased; and

               (iv) if the notice is mailed prior to the date of consummation of the Change of
Control, that the Change of Control Offer is conditioned upon the Change of Control being
consummated on or prior to the Change of Control Payment Date.

          (c) On the Change of Control Payment Date, the Company shall, to the extent lawful, accept for
payment, all Notes or portions thereof validly tendered and not withdrawn pursuant to the Change of
Control Offer, and shall deposit with the Paying Agent an amount equal to the Change of Control
Payment in respect of all Notes or portions of Notes so tendered. The Company shall also deliver or
cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate
stating the aggregate principal amount of Notes or portions of Notes being repurchased by the
Company. The Paying Agent shall promptly mail to each tendering Holder the Change of Control
Payment for the Notes tendered by such Holder and accepted by the Company for purchase, and the
Trustee, upon receipt of a Company Order, shall promptly authenticate and mail (or cause to be
transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased
portion of the Note surrendered, if any, provided that each such new Note shall be in a principal
amount of $2,000 and integral multiples of $1,000 in excess thereof.

          (d) If the Change of Control Payment Date is on or after an interest record date and on or
before the related interest payment date, any accrued and unpaid interest, if any, shall be paid to
the Person in whose name a Note is registered at the close of business on such interest record
date, and no additional interest will be payable to Holders who tender pursuant to the Change of
Control Offer.

          (e) Holders of Notes electing to have Notes purchased pursuant to a Change of Control Offer
will be required to surrender their Notes, with the form entitled “Option of Holder to Elect
Purchase” on the reverse of the Note completed, to the Paying Agent at the

13

 

address specified in the notice, or transfer their Notes to the Paying Agent by book-entry
transfer pursuant to the applicable procedures of the Paying Agent, prior to the close of business
on the third Business Day prior to the Change of Control Payment Date.

          (f) The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act in
connection with the repurchase of Notes pursuant to a Change of Control Offer hereunder. To the
extent the provisions of any securities laws or regulations conflict with the provisions of the
Indenture, the Company shall comply with the applicable securities laws and regulations and shall
not be deemed to have breached its obligations under the Indenture by virtue of such conflict.

          (g) The Company shall not be required to make a Change of Control Offer if a third party makes
such an offer in the manner and at the times required and otherwise in compliance with the
requirements for such an offer made by the Company, and such third party purchases all Notes
validly tendered and not withdrawn under its offer.

ARTICLE V

DEFAULTS

     Section 5.01 Defaults. In addition to the Events of Default described in the Base Indenture, the
following shall constitute an “Event of Default” under this Supplemental Indenture:

          (a) (i) a failure to make any payment at maturity, including any applicable grace period, on
any of the Company’s or a Guarantor’s indebtedness in an amount in excess of $25 million and
continuance of this failure to pay or (ii) a default on any of the Company’s or any Guarantor’s
indebtedness, which default results in the acceleration of indebtedness in an amount in excess of
$25 million without such indebtedness having been discharged or the acceleration having been cured,
waived, rescinded or annulled, for a period of, in the case of clause (i) or (ii) above, 30 days or
more after written notice thereof to the Company by the Trustee or to the Company and the Trustee
by the Holders of at least 25% in aggregate principal amount of the outstanding Securities of such
series; provided, however, that if the failure, default or acceleration referred to in clause (i)
or (ii) above shall cease or be cured, waived, rescinded or annulled, then the Event of Default
shall be deemed cured.

ARTICLE VI

GUARANTEES

     Section 6.01 Guarantees of the Notes. Article 10 of the Base Indenture provides for a Guarantee by the
Guarantors (as defined in the Base Indenture) of selected series of Securities. Article 10 of the
Base Indenture is expressly made applicable to the Notes.

     Section 6.02 Effect of Guarantees; Guarantors to be Bound by Indenture. The Guarantors hereby
irrevocably, fully and unconditionally Guarantee, on a joint and several basis, to each Holder of
the Notes and to the Trustee and its successors and assigns, irrespective of the validity and
enforceability of the Indenture, the Notes or the obligations of the Company under

14

 

the Indenture or the Notes, the obligations of the Company with respect to payment and performance
of the Notes and the other obligations of the Company under the Indenture with respect to the Notes
on the terms, and subject to the conditions, contained in Article 10 of the Base Indenture and
agree to be bound by all other terms of the Indenture applicable to Guarantors thereunder.

     Section 6.03 Execution and Delivery of the Guarantees. The execution and delivery of the Guarantees by
the Guarantors shall be evidenced by the execution and delivery of this Supplemental Indenture by
each of the Guarantors as set forth in Section 10.08 of the Base Indenture. The terms of the
Guarantees and obligations of the Guarantors are set forth in Article 10 of the Base Indenture.

     Section 6.04 Termination of Guarantees. Guarantees of any Guarantor pursuant to this Article VI shall be
released only as provided in Section 10.09 of the Base Indenture or at such time as such Guarantor
shall cease to guarantee any of the indebtedness under the Bank Credit Agreement.

ARTICLE VII

MISCELLANEOUS

     Section 7.01 Trust Indenture Act Controls. This Supplemental Indenture shall incorporate and be governed
by the provisions of the Trust Indenture Act that are required to be part of and to govern
indentures qualified under the Trust Indenture Act.

15

 

     Section 7.02 Governing Law. The laws of the State of New York shall govern this Supplemental Indenture
and the Securities, without regard to conflicts of laws principles thereof.

     Section 7.03 Successors. All agreements of the Company and the Guarantors in this Supplemental Indenture
and the Notes will bind their respective successors. All agreements of the Trustee in this
Supplemental Indenture will bind its successors.

     Section 7.04 Severability. In case any provision in this Supplemental Indenture or in the Notes will be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining
provisions will not in any way be affected or impaired thereby.

     Section 7.05 Counterpart Originals. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy will be an original, but all of them together represent the same
agreement. The exchange of copies of this Supplemental Indenture and of signature pages by
facsimile or PDF transmission shall constitute effective execution and delivery of this
Supplemental Indenture as to the parties hereto and may be used in lieu of the original
Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or PDF shall be deemed to be their original signatures for all purposes.

     Section 7.06 Table of Contents, Headings, Etc. The Table of Contents and Headings of the Articles and
Sections of this Supplemental Indenture have been inserted for convenience of reference only, are
not to be considered a part of this Supplemental Indenture and will in no way modify or restrict
any of the terms or provisions hereof.

     Section 7.07 Validity or Sufficiency of Supplemental Indenture. The Trustee is not responsible for the
validity or sufficiency of this Supplemental Indenture, or for the recitals contained herein.

     Section 7.08 Waiver of Jury Trial. EACH OF THE COMPANY, THE GUARANTORS AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL
BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE
NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

[Signatures on following page]

16

 

SIGNATURES

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

	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	VERISK ANALYTICS, INC., as the Company	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Attest:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Mark V. Anquillare
	 	 	 	By:	 	/s/ Kenneth E. Thompson	 	 
	 	 	 	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	 	 	Name:	 	Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	Title:	 	Executive Vice President,	 	 
	 

	 	 	 	 	 	 	 	General Counsel and	 	 
	 

	 	 	 	 	 	 	 	Corporate Secretary	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	INSURANCE SERVICES OFFICE, INC., as Guarantor	 	 
	Attest:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Mark V. Anquillare

	 	 	 	By:	 	/s/ Kenneth E. Thompson	 	 
	 	 	 	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	 	 	Name:
	 	Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	Title:
	 	Executive Vice President,	 	 
	 

	 	 	 	 	 	 	 	General Counsel and	 	 
	 

	 	 	 	 	 	 	 	Corporate Secretary	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	ISO STAFF SERVICES, INC., as Guarantor	 	 
	Attest:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Mark V. Anquillare

	 	 	 	By:	 	/s/ Kenneth E. Thompson	 	 
	 	 	 	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	 	 	Name:
	 	Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	Title:
	 	Secretary	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	XACTWARE SOLUTIONS, INC., as Guarantor	 	 
	Attest:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Mark V. Anquillare

	 	 	 	By:	 	/s/ Kenneth E. Thompson	 	 
	 	 	 	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	 	 	Name:
	 	Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	Title:
	 	Secretary	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	ISO SERVICES, INC., as Guarantor	 	 
	Attest:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Mark V. Anquillare

	 	 	 	By:	 	/s/ Kenneth E. Thompson 	 	 
	 	 	 	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	 	 	Name:
	 	Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	Title:
	 	Secretary	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	ISO CLAIMS SERVICES, INC., as Guarantor	 	 
	Attest:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Mark V. Anquillare

	 	 	 	By:	 	/s/ Kenneth E. Thompson 	 	 
	 	 	 	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	 	 	Name:
	 	Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	Title:
	 	Secretary	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	AIR WORLDWIDE CORPORATION, as Guarantor	 	 
	Attest:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Mark V. Anquillare

	 	 	 	By:	 	/s/ Kenneth E. Thompson 	 	 
	 	 	 	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	 	 	Name:
	 	Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	Title:
	 	Secretary	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	INTERTHINX, INC., as Guarantor	 	 
	Attest:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ Mark V. Anquillare

	 	 	 	By:	 	/s/ Kenneth E. Thompson 	 	 
	 	 	 	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	 	 	Name:
	 	Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	Title:
	 	Secretary	 	 

 

 

	 	 	 	 	 	 	 

	Attest:	 	    VERISK HEALTH, INC., as Guarantor
	 
	 	 	 	 	 	 
	/s/ Mark V. Anquillare

	 	By:	 	/s/ Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	Name: Kenneth E. Thompson	 	 
	 

	 	 	 	Title:  Vice President, 

           General
Counsel and Secretary	 	 
	 
	 	 	 	 	 	 
	Attest:	 	     D2HAWKEYE, INC., as Guarantor
	 
	 	 	 	 	 	 
	/s/ Mark V. Anquillare

	 	By:	 	/s/ Kenneth E. Thompson	 	 
	 

	 	 	 	 	 	 
	Mark V. Anquillare

	 	 	 	Name: Kenneth E. Thompson	 	 
	 

	 	 	 	Title:  Senior Vice President, 

          
General Counsel and Secretary	 	 

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as the Trustee

 	 
	 	By:  	/s/ Raymond Delli Colli	 
	 	 	Name:  	Raymond Delli Colli 	 
	 	 	Title:  	Vice President 	 
	 

 

 

EXHIBIT A

FORM OF FACE OF SECURITY

[GLOBAL SECURITY LEGEND]

     THIS SECURITY IS A REGISTERED GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH
MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS
SECURITY FOR ALL PURPOSES.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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.

     TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, BY
THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

 

 

	 	 	 

	 

	 	CUSIP No.
	 

	 	ISIN

Verisk Analytics, Inc.

5.800% SENIOR NOTES DUE 2021

			
	 	 	 
	No. ___
	 	$_________

As revised by the 
Schedule of Increases
 or Decreases 
attached hereto

     Interest. Verisk Analytics, Inc., a Delaware corporation, (herein called the “Company”), for
value received, hereby promises to pay to            or registered assigns, the principal sum of
               United States dollars (U.S.$               
), as revised by the Schedule of Increases or Decreases attached
hereto, on May 1, 2021 and to pay interest thereon from            or from the most recent
interest payment date to which interest has been paid or duly provided for, semi-annually in
arrears on May 1 and November 1 in each year, commencing           , at the rate of 5.800% per
annum, until the principal hereof is paid or made available for payment. Interest shall be
calculated on the basis of a 360-day year consisting of twelve 30-day months.

     Method of Payment. The interest so payable, and punctually paid or duly provided for, on any
interest payment date will, as provided in the Indenture (as defined on the reverse hereof), be
paid to the Person in whose name this Security (or one or more predecessor Securities) is
registered at the close of business on the relevant record date for such interest, which shall be
April 15 or October 15, as the case may be, next preceding such interest payment date.

     Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

     Authentication. Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose.

19

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

	 	 	 	 	 
	 	VERISK ANALYTICS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	 
	     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.
	 
	Date of authentication: 	WELLS FARGO BANK, NATIONAL ASSOCIATION as Trustee

 
	 	By:  	 	 
	 	 	Authorized Signatory 	 

20

 

FORM OF REVERSE OF SECURITY

     Indenture. This Security is one of a duly authorized issue of securities of the Company
(herein called the “Securities”), issued and to be issued in one or more series under an Indenture,
dated as of April 6, 2011, as supplemented by a Supplemental Indenture dated April 6, 2011 (as so
supplemented, herein called the “Indenture”), between the Company, the guarantors thereto (the
“Guarantors”) and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee”,
which term includes any successor trustee under the Indenture), to which Indenture reference is
hereby made for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Guarantors, the Trustee and the holders of the Securities and of the
terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series designated on the face hereof, initially limited in aggregate principal amount to
$450,000,000.

     Guarantees. The Securities are guaranteed by the Guarantors as set forth in the Indenture,
which guarantees may be released under certain circumstances as set forth in the Indenture.

     Optional Redemption. The Securities of this series are subject to redemption at the Company’s
option, at any time and from time to time, in whole or in part, upon not less than 30 nor more than
60 days’ notice, at a redemption price equal to the greater of: (i) 100% of the principal amount of
the Securities to be redeemed and (ii) the sum of the present values of the Remaining Scheduled
Payments (as defined below) of the Securities to be redeemed, discounted to the date of redemption
on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate (as defined below) plus 40 basis points, provided that the principal amount of a Security
remaining outstanding after redemption in part will be $2,000 or an integral multiple of $1,000 in
excess thereof; in each case, plus accrued interest thereon to the date of, but excluding,
redemption. If the date of redemption is on or after an interest record date and on or before the
related interest payment date, the accrued and unpaid interest, if any, will be paid to the Person
in whose name the Security is registered at the close of business on such interest record date, and
no additional interest will be payable to Holders whose Securities will be subject to redemption by
the Company. Unless the Company defaults in payment of the redemption price, on and after the date
of redemption, interest shall cease to accrue on the Securities or the portions thereof called for
redemption.

     For purposes of determining the optional redemption price, the following definitions are
applicable:

     “Business Day” means any day that is not a Saturday, a Sunday or a day on which banking
institutions are not required to be open in the State of New York.

     “Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining term of the
Securities to be redeemed that would be used, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the Securities.

21

 

     “Comparable Treasury Price” means, with respect to any date of redemption, the Reference
Treasury Dealer Quotations for that date of redemption.

     “Independent Investment Banker” means the Reference Treasury Dealer appointed by the Company.

     “Reference Treasury Dealer” means each of J.P. Morgan Securities LLC and Merrill Lynch,
Pierce, Fenner & Smith Incorporated and their respective successors and two other nationally
recognized investment banking firms that are primary U.S. Government securities dealers specified
from time to time by the Company so long as the entity is a primary U.S. Government securities
dealer.

     “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any date of redemption, the average, as determined by the Company, of the bid and asked prices
for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m., New York City
time, on the third Business Day preceding that date of redemption, after excluding the highest and
lowest of such quotations, unless the Company obtains fewer than four such quotations, in which
case the average of all of such quotations.

     “Remaining Scheduled Payments” means, with respect to each Security to be redeemed, the
remaining scheduled payments of the principal thereof and interest thereon that would be due after
the related date of redemption therefor; provided, however, that, if that date of redemption is not
an interest payment date with respect to such Security, the amount of the next succeeding scheduled
interest payment thereon will be reduced by the amount of interest accrued thereon to that date of
redemption.

     “Treasury Rate” means, with respect to any date of redemption, the rate per annum equal to the
semi-annual equivalent yield to maturity, computed as of the third Business Day immediately
preceding that date of redemption, of the Comparable Treasury Issue, assuming a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for that date of redemption.

     Notice of any redemption will be mailed by first-class mail at least 30 days but not more than
60 days before the date of redemption to each holder of Securities to be redeemed. If less than all
the Securities are to be redeemed, the Securities to be redeemed shall be selected by the Trustee
not more than 60 days before the date of redemption by such method as the Trustee deems fair and
appropriate and in accordance with the procedures of the Depositary.

     Except as set forth above, the Securities will not be redeemable by the Company prior to
maturity and will not be entitled to the benefit of any sinking fund.

     Defaults and Remedies. If an Event of Default with respect to Securities of this series shall
occur and be continuing, the principal of the Securities of this series may be declared due and
payable in the manner and with the effect provided in the Indenture.

     Amendment, Modification and Waiver. The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and obligations of the

22

 

Company and the rights of the holders of the Securities of each series to be affected under
the Indenture at any time by the Company and the Trustee with the consent of the holders of a
majority in aggregate principal amount of the Securities at the time outstanding of each series to
be affected. The Indenture also contains provisions permitting the holders of a majority in
aggregate principal amount of the Securities of each affected series at the time outstanding, on
behalf of the holders of all Securities of such affected series, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the holder of this Security shall be conclusive and
binding upon such holder and upon all future holders of this Security and of any Security issued
upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security.

     Restrictive Covenants. The Indenture contains customary limitations that restrict the
Company’s, and in certain circumstances the Guarantors’, ability to merge, consolidate or sell
substantially all of its or their assets, place liens on its or their property or assets and engage
in sale/leaseback transactions. Upon a Change of Control Repurchase Event (as defined in the
Indenture), a holder of Securities will have the right, subject to certain terms and conditions
specified in the Indenture, to cause the Company to repurchase all or any part of the Securities of
such holder at a purchase price equal to 101% of the principal amount of the Securities to be
repurchased plus accrued and unpaid interest, if any, to the date of repurchase.

     Denominations, Transfer and Exchange. The Securities of this series are issuable only in
registered form without coupons in denominations of $2,000 and in integral multiples of $1,000 in
excess thereof. As provided in the Indenture and subject to certain limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal amount of Securities of
like tenor of a different authorized denomination, as requested by the holder surrendering the
same.

     As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registerable in the Security Register, upon surrender of this Security
for registration of transfer at the Registrar accompanied by a written request for transfer in form
satisfactory to the Company and the Registrar duly executed by, the holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Securities of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to
the designated transferee or transferees.

     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
payable in connection therewith.

     Persons Deemed Owners. Prior to due presentment of this Security 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 Security is registered as the owner hereof for all purposes, whether or not this Security
be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to
the contrary.

23

 

     Miscellaneous. The Indenture and this Security shall be governed by and construed in
accordance with the laws of the State of New York, without regard to the conflicts of law rules
thereof.

     All terms used in this Security and not defined herein shall have the meanings assigned to
them in the Indenture.

24

 

SCHEDULE OF INCREASES OR DECREASES

     The following increases or decreases in this Security have been made:

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Principal Amount of	 	 
	 	 	 	 	 	 	this Security	 	Signature of
	 	 	Amount of increase	 	Amount of decrease	 	following each	 	authorized
	Date of	 	in Principal Amount	 	in Principal Amount	 	decrease or	 	signatory of
	Exchange	 	of this Security	 	of this Security	 	increase	 	Trustee

25

 

FORM OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Security purchased by the Company pursuant to Section 4.03
(Change of Control) of the Supplemental Indenture, check the box:

o

     If you want to elect to have only part of this Security purchased by the Company pursuant to
Section 4.03 of the Supplemental Indenture, state the amount:

$

Date:_______________ Your Signature:__________________________

(Sign exactly as your name appears on the other side of the Security)

Signature Guarantee:_________________________

Signature must be guaranteed by a participant in a recognized signature guaranty medallion program
or other signature guarantor acceptable to the Trustee.exv10w01

EXHIBIT 10.01

$600,000,000

CREDIT AGREEMENT

dated as of

March 31, 2011

among

MARTIN MARIETTA MATERIALS, INC.,

The LENDERS Listed Herein,

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

and

WELLS FARGO BANK, N.A.,

BRANCH BANKING AND TRUST COMPANY,

SUNTRUST BANK

and

BANK OF AMERICA, N.A.,

as Co-Syndication Agents

 

J.P. MORGAN SECURITIES LLC,

WELLS FARGO SECURITIES, LLC,

BB&T CAPITAL MARKETS,

SUNTRUST ROBINSON HUMPHREY, INC.

and

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

Joint Lead Arrangers and Joint Bookrunners

 

 

TABLE OF CONTENTS

 

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	ARTICLE 1
	Definitions
	 
	 	 	 	 
	Section 1.01. Definitions

	 	 	1	 
	Section 1.02. Accounting Terms and Determinations

	 	 	18	 
	Section 1.03. Types and Classes of Borrowings

	 	 	18	 
	 
	 	 	 	 
	ARTICLE 2
	The Loans
	 
	 	 	 	 
	Section 2.01. Commitments to Lend

	 	 	19	 
	Section 2.02. Notice of Committed Borrowing

	 	 	19	 
	Section 2.03. Competitive Bid Borrowings

	 	 	19	 
	Section 2.04. Notice to Lenders; Funding of Loans

	 	 	23	 
	Section 2.05. Registry; Notes

	 	 	24	 
	Section 2.06. Maturity of Loans; Amortization

	 	 	25	 
	Section 2.07. Interest Rates

	 	 	25	 
	Section 2.08. Mandatory Termination of Commitments

	 	 	27	 
	Section 2.09. Optional Prepayments

	 	 	27	 
	Section 2.10. General Provisions as to Payments

	 	 	28	 
	Section 2.11. Fees

	 	 	29	 
	Section 2.12. Reduction or Termination of Revolving Commitments

	 	 	29	 
	Section 2.13. Method of Electing Interest Rates

	 	 	29	 
	Section 2.14. Funding Losses

	 	 	31	 
	Section 2.15. Computation of Interest and Fees

	 	 	31	 
	Section 2.16. Letters of Credit

	 	 	31	 
	Section 2.17. Defaulting Lenders

	 	 	36	 
	Section 2.18. Reverse Dutch Auction Repurchases

	 	 	39	 
	Section 2.19. Open Market Purchases

	 	 	41	 
	 
	 	 	 	 
	ARTICLE 3
	Conditions
	 
	 	 	 	 
	Section 3.01. Effectiveness

	 	 	42	 
	Section 3.02. Borrowings and Issuances of Letters of Credit

	 	 	42	 
	 
	 	 	 	 
	ARTICLE 4
	Representations and Warranties
	 
	 	 	 	 
	Section 4.01. Corporate Existence and Power

	 	 	43	 
	Section 4.02. Corporate Authorization; No Contravention

	 	 	43	 
	Section 4.03. Binding Effect

	 	 	44	 
	Section 4.04. Financial Information

	 	 	44	 

 

 

	 	 	 	 	 
	 	 	Page
	Section 4.05. Litigation

	 	 	44	 
	Section 4.06. Taxes

	 	 	44	 
	Section 4.07. Margin Regulations

	 	 	44	 
	Section 4.08. Compliance with Laws

	 	 	44	 
	Section 4.09. Governmental Approvals

	 	 	45	 
	Section 4.10. Pari Passu Obligations

	 	 	45	 
	Section 4.11. No Defaults

	 	 	45	 
	Section 4.12. Full Disclosure

	 	 	45	 
	Section 4.13. ERISA

	 	 	45	 
	Section 4.14. Environmental Matters

	 	 	46	 
	Section 4.15. Regulatory Restrictions on Borrowing

	 	 	46	 
	Section 4.16. Legal Status

	 	 	46	 
	 
	 	 	 	 
	ARTICLE 5
	Covenants
	 
	 	 	 	 
	Section 5.01. Information

	 	 	47	 
	Section 5.02. Payment of Obligations

	 	 	48	 
	Section 5.03. Insurance

	 	 	48	 
	Section 5.04. Maintenance of Existence

	 	 	49	 
	Section 5.05. Maintenance of Properties

	 	 	49	 
	Section 5.06. Compliance with Laws

	 	 	49	 
	Section 5.07. Mergers, Consolidations and Sales of Assets

	 	 	49	 
	Section 5.08. Negative Pledge

	 	 	50	 
	Section 5.09. Leverage Ratio

	 	 	53	 
	Section 5.10. Use of Loans

	 	 	53	 
	Section 5.11. Investments

	 	 	53	 
	Section 5.12. Transactions with Affiliates

	 	 	55	 
	 
	 	 	 	 
	ARTICLE 6
	Defaults
	 
	 	 	 	 
	Section 6.01. Event of Default

	 	 	55	 
	Section 6.02. Cash Cover

	 	 	57	 
	 
	 	 	 	 
	ARTICLE 7
	The Administrative Agent
	 
	 	 	 	 
	Section 7.01. Appointment and Authorization

	 	 	58	 
	Section 7.02. Administrative Agent and Affiliates

	 	 	58	 
	Section 7.03. Action by Administrative Agent

	 	 	58	 
	Section 7.04. Consultation with Experts

	 	 	58	 
	Section 7.05. Liability of Administrative Agent

	 	 	58	 
	Section 7.06. Indemnification

	 	 	59	 
	Section 7.07. Credit Decision

	 	 	59	 
	Section 7.08. Successor Administrative Agents

	 	 	59	 

ii 

 

	 	 	 	 	 
	 	 	Page
	Section 7.09. Administrative Agent’s Fees

	 	 	60	 
	Section 7.10. Other Agents

	 	 	60	 
	 
	 	 	 	 
	ARTICLE 8
	Change in Circumstances
	 
	 	 	 	 
	Section 8.01. Increased Cost and Reduced Return; Capital Adequacy

	 	 	60	 
	Section 8.02. Substitute Rate

	 	 	62	 
	Section 8.03. Illegality

	 	 	62	 
	Section 8.04. Taxes on Payments

	 	 	63	 
	 
	 	 	 	 
	ARTICLE 9
	Miscellaneous
	 
	 	 	 	 
	Section 9.01. Termination of Participation of a Lender; New Lenders

	 	 	66	 
	Section 9.02. Notices

	 	 	68	 
	Section 9.03. No Waivers

	 	 	68	 
	Section 9.04. Expenses; Indemnification

	 	 	69	 
	Section 9.05. Pro Rata Treatment

	 	 	69	 
	Section 9.06. Sharing of Set offs

	 	 	69	 
	Section 9.07. Amendments and Waivers

	 	 	70	 
	Section 9.08. Successors and Assigns; Participations; Novation

	 	 	72	 
	Section 9.09. Visitation

	 	 	75	 
	Section 9.10. Collateral

	 	 	75	 
	Section 9.11. Reference Banks

	 	 	75	 
	Section 9.12. Governing Law; Submission to Jurisdiction

	 	 	75	 
	Section 9.13. Counterparts; Integration

	 	 	75	 
	Section 9.14. WAIVER OF JURY TRIAL

	 	 	76	 
	Section 9.15. Confidentiality

	 	 	76	 
	Section 9.16. USA Patriot Act

	 	 	76	 

iii 

 

COMMITMENT SCHEDULE

	 	 	 	 	 

	SCHEDULE I
	 	—	 	Pricing
	SCHEDULE II
	 	—	 	Commitments
	SCHEDULE 5.11(c)
	 	—	 	Investments
	SCHEDULE 5.11(d)
	 	—	 	Related Businesses
	 
	 	 	 	 
	EXHIBIT A-1
	 	—	 	Term Note
	EXHIBIT A-2
	 	—	 	Revolving Credit Note
	EXHIBIT B
	 	—	 	Competitive Bid Quote Request
	EXHIBIT C
	 	—	 	Invitation for Competitive Bid Quotes
	EXHIBIT D
	 	—	 	Competitive Bid Quote
	EXHIBIT E
	 	—	 	Assignment and Assumption Agreement
	EXHIBIT F
	 	—	 	Compliance Certificate
	EXHIBIT G
	 	 	 	Exemption Certificate

iv 

 

CREDIT AGREEMENT

AGREEMENT dated as of March 31, 2011 among MARTIN MARIETTA MATERIALS, INC., the LENDERS listed on
the signature pages hereof and JPMORGAN CHASE BANK, N.A., as Administrative Agent, and WELLS FARGO
BANK, N.A., BRANCH BANKING AND TRUST COMPANY, SUNTRUST BANK and BANK OF AMERICA, N.A., as
Co-Syndication Agents.

     The parties hereto agree as follows:

ARTICLE 1

Definitions

     Section 1.01. Definitions. The following terms, as used herein and in any Exhibit or
Schedule hereto, have the following meanings:

     “Absolute Rate Auction” means a solicitation of Competitive Bid Quotes setting forth
Competitive Bid Absolute Rates pursuant to Section 2.03.

     “Accepting Lender” has the meaning set forth in Section 9.07(f).

     “Additional Lender” means any Person not theretofore a Lender that becomes a party to this
Agreement pursuant to an amendment as contemplated by Section 9.07(d) or Section 9.07(d).

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

     “Administrative Questionnaire” means, with respect to each Lender, an administrative
questionnaire in the form prepared by the Administrative Agent and submitted to the Administrative
Agent with a copy to the Borrower duly completed by such Lender.

     “Affiliate” means (i) any Person that directly, or indirectly through one or more
intermediaries, controls the Borrower (a “Controlling Person”) or (ii) any Person (other than the
Borrower or a Subsidiary) which is controlled by or is under common control with a Controlling
Person. As used herein, the term “control” means possession, directly or indirectly, of the power
to vote 10% or more of any class of voting securities of a Person or to direct or cause the
direction of the management or policies of a Person, whether through the ownership of voting
securities, by contract or otherwise.

     “Agents” means the Administrative Agent and the Co-Syndication Agents.

 

 

     “Agreement” means this Credit Agreement as it may be amended from time to time.

     “Anti-Terrorism Order” means Executive Order No. 13224 on Terrorist Financing, effective
September 24, 2001.

     “Applicable Base Rate Margin” means (i) in respect of Revolving Loans, the Base Rate Margin
determined in accordance with the Pricing Schedule under “Revolving Loans” and (ii) in
respect of Term Loans, the Base Rate Margin determined in accordance with the Pricing Schedule
under “Term Loans”.

     “Applicable Euro-Dollar Margin” means (i) in respect of Revolving Loans, the Euro-Dollar
Margin determined in accordance with the Pricing Schedule under “Revolving Loans” and (ii) in
respect of Term Loans, the Euro-Dollar Margin determined in accordance with the Pricing Schedule
under “Term Loans”.

     “Applicable Lending Office” means, with respect to any Lender, (i) in the case of its Base
Rate Loans, its Domestic Lending Office, (ii) in the case of its Euro-Dollar Loans, its Euro-Dollar
Lending Office and (iii) in the case of its Competitive Bid Loans, its Competitive Bid Lending
Office.

     “Applicable Percentage” means, for any Revolving Lender and at any time, the percentage of the
Total Revolving Commitments represented by such Lender’s Revolving Commitment; provided that (i)
for purposes of Section 2.17, if at any time a Defaulting Lender shall exist, “Applicable
Percentage” shall mean, for any Non-Defaulting Lender at such time, the percentage of the Total
Revolving Commitments (disregarding any Defaulting Lender’s Revolving Commitment) represented by
such Lender’s Revolving Commitment and (ii) for purposes of Section 2.16, the “Applicable
Percentage” of any Revolving Lender with respect to any Letter of Credit Liabilities shall be
adjusted to give effect to any reallocations thereof pursuant to Section 2.17. If the Revolving
Commitments have been terminated in full or have expired, the Applicable Percentages shall be
determined based upon the Revolving Commitments in effect immediately prior to such termination or
expiration, giving effect to any assignments and to any Lender’s status as a Defaulting Lender at
the time of determination.

     “Assignee” has the meaning set forth in Section 9.08(c).

     “Assignment and Assumption Agreement” means an agreement, substantially in the form of Exhibit
E hereto, under which an interest of a Lender hereunder is transferred to an Assignee pursuant to
Section 9.08(c) hereof.

     “Auction” has the meaning set forth in Section 2.18(a).

     “Auction Manager” has the meaning set forth in Section 2.18(a).

2

 

     “Auction Procedures” means procedures for the conduct of any Auction as mutually determined by
the Borrower and the Auction Manager and consented to by the Administrative Agent (such consent not
to be unreasonably withheld).

     “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a
bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator,
custodian, assignee for the benefit of creditors or similar Person charged with the reorganization
or liquidation of its business appointed for it, provided that a Bankruptcy Event shall not result
solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such
Person by a Governmental Authority or instrumentality thereof, provided, further, that such
ownership interest does not result in or provide such Person with immunity from the jurisdiction of
courts within the United States or from the enforcement of judgments or
writs of attachment on its assets or permit such Person (or such Governmental Authority or
instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by
such Person.

     “Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate
in effect on such day, (b) the Federal Funds Rate in effect on such day plus 1/2 of 1% and (c) the
London Interbank Offered Rate for a one month Interest Period on such day (or if such day is not a
Euro-Dollar Business Day, the immediately preceding Euro-Dollar Business Day) plus 1%, provided
that for the avoidance of doubt, such London Interbank Offered Rate for any day shall be based on
the rate appearing on the Reuters BBA Libor Rates Page 3750 (or on any successor or substitute page
of such page) at approximately 11:00 A.M., London time, on such day. Any change in the Base Rate
due to a change in the Prime Rate or the Federal Funds Rate shall be effective from and including
the effective date of such change in the Prime Rate or the Federal Funds Rate, respectively.

     “Base Rate Loan” means a Committed Loan which bears interest at the Base Rate pursuant to the
applicable Notice of Committed Borrowing or Notice of Interest Rate Election or the provisions of
Section 2.16(c)(ii) or Article 8.

     “Borrower” means Martin Marietta Materials, Inc., a North Carolina corporation.

     “Borrower’s Securitization Facility” means, collectively, (i) the Account Purchase Agreement,
dated as of April 21, 2009, by and between Wells Fargo Banks, National Association, acting through
its Wells Fargo Business Credit operating division, and the Borrower, as amended, restated,
supplemented or modified from time to time, and (ii) any other accounts receivable based revolving
facility under which financing is provided to the Borrower or any of its Subsidiaries.

     “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent,
for the benefit of the Lenders, as collateral for the Letter of

3

 

Credit Liabilities, cash or deposit
account balances pursuant to documentation in form and substance reasonably satisfactory to the
Administrative Agent and the Issuing Lenders. Such cash and deposit account balances are referred
to herein, collectively, as the “Cash Collateral”. The Borrower hereby grants to the
Administrative Agent, for the benefit of the Lenders, a security interest in all such cash, deposit
accounts and all balances therein and all proceeds of the foregoing. Cash Collateral shall be
maintained in blocked, interest bearing deposit accounts with the Administrative Agent.

     “Change in Law” means, for purposes of Section 8.01 and Section 8.03, the adoption of any
applicable law, rule or regulation (including any new or additional regulations issued under, or
implementing, any existing law to the extent of any new or additional requirements thereunder), or
any change therein, or any change 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 with any request or directive (whether or not
having the force of law) of any such authority, central bank or comparable agency; provided,
however, that notwithstanding anything herein to the contrary, the Dodd-Frank Wall Street Reform
and Consumer Protection Act and all requests, rules, guidelines
or directives thereunder or issued in connection therewith shall be deemed to be a “Change in
Law”, regardless of the date enacted, adopted or issued.

     “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan or the
Loans comprising such Borrowing, are Term Loans, Revolving Loans or Competitive Bid Loans, and when
used in reference to any Credit Exposure, refers to whether such Credit Exposure is Revolving
Credit Exposure or Term Exposure.

     “Commitment” means a Revolving Commitment or a Term Commitment.

     “Commitment Schedule” means the Commitment Schedule attached hereto.

     “Committed Loan” means a loan made by a Lender pursuant to Section 2.01; provided that, if any
such loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of
Interest Rate Election, the term Committed Loan shall refer to the combined principal amount
resulting from such combination or to each of the separate principal amounts resulting from such
subdivision, as the case may be.

     “Competitive Bid Absolute Rate” has the meaning set forth in Section 2.03(d)(ii)(D).

     “Competitive Bid Absolute Rate Loan” means a loan to be made by a Lender pursuant to an
Absolute Rate Auction.

4

 

     “Competitive Bid Lending Office” means, as to each Lender, its Domestic Lending Office or such
other office, branch or affiliate of such Lender as it may hereafter designate as its Competitive
Bid Lending Office by notice to the Borrower and the Administrative Agent; provided that any Lender
may from time to time by notice to the Borrower and the Administrative Agent designate separate
Competitive Bid Lending Offices for its Competitive Bid LIBOR Loans, on the one hand, and its
Competitive Bid Absolute Rate Loans, on the other hand, in which case all references herein to the
Competitive Bid Lending Office of such Lender shall be deemed to refer to either or both of such
offices, as the context may require.

     “Competitive Bid LIBOR Loan” means a loan to be made by a Lender pursuant to a LIBOR Auction
(including such a loan bearing interest at the Base Rate pursuant to Section 8.03).

     “Competitive Bid Loan” means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate
Loan.

     “Competitive Bid Margin” has the meaning set forth in Section 2.03(d)(ii)(C).

     “Competitive Bid Quote” means an offer by a Lender, in substantially the form of Exhibit D
hereto, to make a Competitive Bid Loan in accordance with Section 2.03.

     “Competitive Bid Quote Request” means the notice, in substantially the form of Exhibit B
hereto, to be delivered by the Borrower in accordance with Section 2.03 in requesting Competitive
Bid Quotes.

     “Consolidated Debt” means at any date the Debt of the Borrower and its Consolidated
Subsidiaries, determined on a consolidated basis as of such date; provided that at any date on
which there are no Revolving Loans outstanding and no principal amounts are outstanding under the
Borrower’s Securitization Facility, Consolidated Debt shall be reduced in an amount equal to the
lesser of (a) $200,000,000 and (b) the excess of (i) of the unrestricted cash and Temporary Cash
Investments of the Borrower and its Consolidated Subsidiaries over (ii) $50,000,000.

     “Consolidated EBITDA” means, for any period, net income (or net loss) (before discontinued
operations) plus the sum of (a) consolidated interest expense, (b) income tax expense, (c)
depreciation expense, (d) amortization expense, (e) depletion expense, (f) stock based compensation
expense and (g) any non-cash losses or expenses from any unusual, extraordinary or otherwise
non-recurring items as reasonably determined by the Borrower, and minus (x) consolidated interest
income and (y) the sum of the amounts for such period of any income tax benefits and any income or
gains from any unusual, extraordinary or otherwise non-recurring items as reasonably determined by
the Borrower, in each case

5

 

determined on a consolidated basis for the Borrower and its Subsidiaries
in accordance with GAAP and in the case of items (a) through (g) and items (x) and (y), to the
extent such amounts were included in the calculation of net income. For the purpose of calculating
Consolidated EBITDA for any period, if during such period the Borrower or any Subsidiary shall have
made an acquisition or a disposition, Consolidated EBITDA for such period shall be calculated after
giving pro forma effect thereto as if such acquisition or disposition, as the case may be, occurred
on the first day of such period.

     “Consolidated Net Worth” means at any date the consolidated shareholders’ equity of the
Borrower and its Consolidated Subsidiaries which would be reported on the consolidated balance
sheet of the Borrower as total shareholders’ equity, determined as of such date.

     “Consolidated Subsidiary” means at any date any Subsidiary or other entity the accounts of
which would be consolidated with the Borrower in its consolidated financial statements if such
statements were prepared as of such date.

     “Co-Syndication Agents” means Wells Fargo Bank, N.A., Branch Banking and Trust
Company, SunTrust Bank and Bank of America, N.A., and “Co-Syndication Agent” means any of
them, in their capacity as co-syndication agents in respect of this Agreement.

     “Credit Exposure” means, with respect to any Lender at any time, its Revolving Credit Exposure
or Term Exposure or both, as the context may require.

     “Credit Party” means the Administrative Agent or any Issuing Lender.

     “Debt” of any Person means at any date, without duplication, (i) all obligations of such
Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures,
notes or other similar instruments, (iii) all obligations of such Person to pay the deferred
purchase price of property, except trade accounts payable arising in the ordinary course of
business, (iv) all obligations of such Person as lessee which are capitalized in accordance with
generally accepted accounting principles as in effect as of the date hereof, (v) all non-contingent
obligations of such Person to reimburse any bank or other Person in respect of amounts paid
under a letter of credit, banker’s acceptance, bank guarantee or similar instrument which
remain unpaid for two Domestic Business Days, (vi) all Debt secured by a Lien on any asset of such
Person, whether or not such Debt is otherwise an obligation of such Person, provided that the
amount of any such Debt which is not otherwise an obligation of such Person shall be deemed not to
exceed the fair market value of such asset and (vii) all Debt of others guaranteed by such Person.

6

 

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

     “Defaulting Lender” means any Lender that (a) has failed, within two Domestic Business Days of
the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion
of its participations in Letters of Credit or (iii) pay over to any Credit Party any other amount
required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies
the Administrative Agent in writing that such failure is the result of such Lender’s good faith
determination that a condition precedent to funding (specifically identified and including the
particular default, if any) such Loan has not been satisfied, (b) has notified the Borrower or any
Credit Party in writing, or has made a public statement to the effect, that it does not intend or
expect to comply with any of its funding obligations under this Agreement (unless, in the case of
any Loan, such writing or public statement indicates that such position is based on such Lender’s
good faith determination that a condition precedent (specifically identified and including the
particular default, if any) to funding such Loan under this Agreement cannot be satisfied) or
generally under other agreements in which it commits to extend credit, (c) has failed, within three
Domestic Business Days after request by a Credit Party, acting in good faith, to provide a
certification in writing from an authorized officer of such Lender that it will comply with its
obligations (and is financially able to meet such obligations) to fund prospective Loans and
participations in then outstanding Letters of Credit under this Agreement, provided that such
Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s
receipt of such certification in form and substance satisfactory to it and the Administrative
Agent, or (d) has become (as has a Parent that has become) the subject of a Bankruptcy Event.

     “Derivatives Obligations” of any Person means all obligations of such Person in respect of any
Derivatives Transactions.

     “Derivatives Transaction” means any rate swap transaction, basis swap, forward rate
transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index
option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor
transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction,
currency option or any other similar transaction (including any option with respect to any of the
foregoing transactions) or any combination of the foregoing transactions.

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

     “Domestic Business Day” means any day except a Saturday, Sunday or other day on which
commercial banks in New York City are authorized by law to close.

7

 

     “Domestic Lending Office” means, as to each Lender, its office located at its address set
forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its
Domestic Lending Office) or such other office as such Lender may hereafter designate as its
Domestic Lending Office by notice to the Borrower and the Administrative Agent.

     “Effective Date” means the date on which the conditions precedent set forth in Section 3.01
shall have been satisfied.

     “Eligible Institution” means any bank or other Person other than (i) a natural Person or (ii)
a Defaulting Lender, provided that, subject to Section 2.18 and Section 2.19, neither the Borrower
nor any of its Subsidiaries or Affiliates may be an Eligible Institution.

     “Environmental Laws” means any and all applicable federal, state and local statutes,
regulations, ordinances, rules, administrative orders, consent decrees, permits, concessions,
grants, franchises, licenses, agreements or other governmental restrictions relating to the
environment or to emissions, discharges or releases of pollutants, contaminants, hazardous
substances, or hazardous wastes into the environment including, without limitation, ambient air,
surface water, ground water, or land, or otherwise relating to the manufacture, processing,
distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants,
hazardous substances, or hazardous wastes.

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

     “ERISA Group” means the Borrower and all members of a controlled group of corporations and all
trades or businesses (whether or not incorporated) under common control that, together with the
Borrower, are treated as a single employer under Section 4001(a)(14) of ERISA.

     “Euro-Dollar Business Day” means any Domestic Business Day on which commercial banks are open
for international business (including dealings in dollar deposits) in London.

     “Euro-Dollar Lending Office” means, as to each Lender, its office, branch or affiliate located
at its address set forth in its Administrative Questionnaire (or identified in its Administrative
Questionnaire as its Euro-Dollar Lending Office) or such other office, branch or affiliate of such
Lender as it may hereafter designate as its Euro-Dollar Lending Office by notice to the Borrower
and the Administrative Agent.

     “Euro-Dollar Loan” means any Committed Loan in respect of which interest is computed on the
basis of a Euro-Dollar Rate.

8

 

     “Euro-Dollar Rate” means a rate of interest determined pursuant to Section 2.07(b) on the
basis of a London Interbank Offered Rate.

     “Event of Default” has the meaning set forth in Section 6.01.

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

     “Existing Credit Facility” means the Second Amended and Restated Credit Agreement dated as of
October 24, 2008 among the Borrower, the banks party thereto and JPMorgan Chase Bank, N.A., as
administrative agent for such banks, as amended and/or restated prior to the Effective Date.

     “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this
Agreement (or any amended version or successor provision that is substantively comparable and not
materially more onerous to comply with), and any regulations promulgated thereunder or official
administrative interpretations thereof.

     “Federal Funds Rate” means, for any day, the rate per annum (rounded upward, if necessary, to
the nearest 1/100th 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 Domestic Business Day next
succeeding such day, provided that (i) if such day is not a Domestic Business Day, the Federal
Funds Rate for such day shall be such rate on such transactions on the next preceding Domestic
Business Day as so published on the next succeeding Domestic Business Day, and (ii) if no such rate
is so published on such next succeeding Domestic Business Day, the Federal Funds Rate for such day
shall be the average rate quoted to the Administrative Agent on such day on such transactions as
determined by the Administrative Agent.

     “Fixed Rate Loans” means Euro-Dollar Loans or Competitive Bid Loans (excluding Competitive Bid
LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.02 or 8.03) or both.

     “Governmental Authority” means any nation or government, any state or other political
subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any
entity exercising executive, legislative, judicial, regulatory or administrative functions of or
pertaining to government and any corporation or other entity owned or controlled, through stock or
capital ownership or otherwise, by any of the foregoing.

     “Group of Loans” means at any time a group of Loans consisting of (i) all Committed Loans of
the same Class which are Base Rate Loans at such time or (ii) all Euro-Dollar Loans of the same
Class having the same Interest Period at such time, provided that, if a Committed Loan of any
particular Lender is converted to or made as a Base Rate Loan pursuant to Article 8, such Loan
shall

9

 

be included in the same Group or Groups of Loans from time to time as it would have been in
if it had not been so converted or made.

     “Indemnified Taxes” has the meaning set forth in Section 8.04.

     “Interest Period” means:

     (1) with respect to each Euro-Dollar Loan, the period commencing on the date of
borrowing specified in the applicable Notice of Borrowing or on the date specified in the
applicable Notice of Interest Rate Election and ending one, two, three or six months
thereafter, as the Borrower may elect in the applicable notice; provided that:

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

     (b) any Interest Period which begins on the last Euro-Dollar 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 the further
proviso below, end on the last Euro-Dollar Business Day of a calendar month;

     (2) with respect to each Competitive Bid LIBOR Loan, the period commencing on the date
of borrowing specified in the applicable Notice of Borrowing and ending such whole number of
months thereafter as the Borrower may elect in accordance with Section 2.03; provided that:

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

     (b) any Interest Period which begins on the last Euro-Dollar 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 the further
proviso below, end on the last Euro-Dollar Business Day of a calendar month;

10

 

     (3) with respect to each Competitive Bid Absolute Rate Loan, the period commencing on
the date of borrowing specified in the applicable Notice of Borrowing and ending such number
of days thereafter (but not less than seven days) as the Borrower may elect in accordance
with Section 2.03; provided that any Interest Period which would otherwise end on a day
which is not a Euro-Dollar Business Day shall be extended to the next succeeding Euro-Dollar
Business Day; and

provided further that any Interest Period which would otherwise end after the Termination Date
shall end on the Termination Date.

     “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended, or any successor
statute.

     “Investment” means any investment in any Person, whether by means of (a) the purchase or other
acquisition of capital stock or other securities of such Person, or (b) a loan, advance or capital
contribution to, guarantee or assumption of debt of, or purchase or other acquisition of any other
debt or equity participation or interest in, such Person.

     “Invitation for Competitive Bid Quotes” means the notice substantially in the form of Exhibit
C hereto to the Lenders in connection with the solicitation by the Borrower of Competitive Bid
Quotes.

     “Issuing Lender” means JPMorgan Chase Bank, N.A. and any other Lender that may agree to issue
letters of credit hereunder pursuant to an instrument in form satisfactory to the Borrower, such
Lender and the Administrative Agent, in each case in its capacity as issuer of a Letter of Credit
hereunder. An Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to
be issued by affiliates of such Issuing Lender, in which case the term “Issuing Lender” shall
include any such affiliate with respect to Letters of Credit issued by such affiliate.

     “Johnson County Letter of Credit” means the Borrower’s existing letter of credit issued for
the benefit of Johnson County, Kansas and any replacements thereof.

     “Lender” means (i) each Person listed as a Lender on the signature pages hereof, (ii) each
Additional Lender or Assignee that becomes a Lender pursuant to Section 9.07(d) or Section 9.08(c)
and (iii) their respective successors. Unless the context otherwise requires, each reference to a
Lender or a Revolving Lender shall include each Issuing Lender.

     “Letter of Credit” means a letter of credit to be issued hereunder by the Issuing Lender in
accordance with Section 2.16.

11

 

     “Letter of Credit Liabilities” means, for any Revolving Lender and at any time, such Lender’s
Applicable Percentage of the sum of (x) the amounts then owing by the Borrower in respect of
amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under
all Letters of Credit.

     “Letter of Credit Termination Date” means the tenth day preceding the Termination Date.

     “Leverage Ratio” means, as of the last day of any fiscal quarter, the ratio of (a)
Consolidated Debt on such date to (b) Consolidated EBITDA for the period of four consecutive fiscal
quarters ended on such date, taken as one accounting period.

     “LIBOR Auction” means a solicitation of Competitive Bid Quotes setting forth the Competitive
Bid Margins based on the London Interbank Offered Rate pursuant to Section 2.03.

     “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest
or encumbrance of any kind. For the purposes of this Agreement, the Borrower or any Subsidiary
shall be deemed to own subject to a Lien any asset which it has acquired or holds subject to the
interest of a vendor or lessor under any conditional sale agreement, capital lease or other title
retention agreement relating to such asset.

     “Loan” and “Loans” mean and include each and every loan made by a Lender under this Agreement.

     “Loan Modification Agreement” has the meaning set forth in Section 9.07(f).

     “Loan Modification Offer” has the meaning set forth in Section 9.07(f).

     “London Interbank Offered Rate” has the meaning set forth in Section 2.07(b).

     “Material Adverse Effect” means a material adverse effect on (a) the ability of the Borrower
to perform its obligations, taken as a whole, under this Agreement or any of the Notes (b) the
validity or enforceability of this Agreement or any of the Notes, (c) the rights and remedies of
any Lender or the Administrative Agent, taken as a whole, under this Agreement or any of the Notes
or (d) the timely payment of the principal of or interest on the Loans or other amounts payable in
connection therewith.

     “Material Debt” means, without duplication, Debt (other than the Loans) of the Borrower and/or
one or more of its Restricted Subsidiaries, arising in one or more related or unrelated
transactions, in an aggregate principal or face amount exceeding $50,000,000.

12

 

     “Material Financial Obligations” means, without duplication, a principal or face amount of
Debt and/or payment or collateralization obligations in respect of Derivatives Obligations of the
Borrower and/or one or more of its Restricted Subsidiaries, arising in one or more related or
unrelated transactions, exceeding in the aggregate $50,000,000.

     “Material Plan” means at any time a Plan or Plans having aggregate Unfunded Liabilities in
excess of $50,000,000.

     “Multiemployer Plan” means at any time a multiemployer plan within the meaning of Section
4001(a)(3) of ERISA to which any member of the ERISA Group is then making or accruing an obligation
to make contributions.

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

     “Notes” mean the Term Notes or Revolving Credit Notes, as the case may be.

     “Notice of Borrowing” means a Notice of Committed Borrowing (as defined in Section 2.02) or a
Notice of Competitive Bid Borrowing (as defined in Section 2.03(f).

     “Notice of Interest Rate Election” has the meaning set forth in Section 2.13.

     “Notice of Issuance” has the meaning set forth in Section 2.16(b).

     “OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control.

     “Officer’s Certificate” means a certificate signed by an officer of the Borrower.

     “Open Market Purchases” has the meaning set forth in Section 2.19(a).

     “Other Taxes” has the meaning set forth in Section 8.04.

     “Outstanding Revolving Committed Amount” means, as to any Lender at any time, the sum of (i)
the aggregate principal amount of Revolving Loans made by it that are outstanding at such time and
(ii) the aggregate amount of its Letter of Credit Liabilities at such time.

     “Parent” means, with respect to any Lender, any Person directly or indirectly controlling such
Lender.

     “Participant” has the meaning set forth in Section 9.08(b).

13

 

     “Patriot Act” has the meaning set forth in Section 9.16.

     “PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all
of its functions under ERISA.

     “Permitted Amendments” has the meaning set forth in Section 9.07(f).

     “Person” means any individual, firm, company, corporation, joint venture, joint-stock company,
limited liability company or partnership, trust, unincorporated organization, government or state
entity, or any association or partnership (whether or not having separate legal personality) of two
or more of the foregoing.

     “Plan” means at any time an employee pension benefit plan (other than a Multiemployer Plan)
which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412
of the Internal Revenue Code and is maintained, or contributed to, by any member of the ERISA Group
for employees of any member of the ERISA Group.

     “Pricing Schedule” means the schedule attached hereto identified as such.

     “Prime Rate” means the rate of interest publicly announced by JPMorgan Chase Bank, N.A. in New
York City from time to time as its Prime Rate.

     “Principal Property” means, at any time, any manufacturing facility that is located in the
United States, is owned by the Borrower or any of its Subsidiaries, and has a book value, net of
any depreciation or amortization, pursuant to the then most recently delivered financial
statements, in excess of 2.5% of the consolidated total assets of the Borrower and its Consolidated
Subsidiaries, taken as a whole.

     “Quarterly Date” means the last day of March, June, September and December in each year,
commencing June 30, 2011.

     “Reference Banks” means the principal London offices of Wachovia Bank, N.A., Bank of America,
N.A. and JPMorgan Chase Bank, N.A. “Reference Bank” means any one of such Reference Banks.

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

     “Reimbursement Obligation” means the obligation of the Borrower to reimburse the Issuing
Lender for any amount drawn under a Letter of Credit.

     “Reimbursement Obligation Default” means, with respect to any Reimbursement Obligation, the
failure by the Borrower to pay any Reimbursement Obligation on the date that it is due, provided
that no Reimbursement Obligation Default shall arise with respect to such 

14

 

Reimbursement Obligation
if such
Reimbursement Obligation shall have been converted into Base Rate Loans pursuant to Section
2.16(c)(ii).

     “Required Lenders” means at any time Lenders with more than 50% of the aggregate amount of the
Credit Exposures at such time, subject to Section 2.17(b).

     “Required Revolving Lenders” means at any time Revolving Lenders with more than 50% of the
aggregate amount of the Revolving Credit Exposures at such time, subject to Section 2.17(b).

     “Required Term Lenders” means at any time Term Lenders with more than 50% of the aggregate
amount of the Term Exposures at such time, subject to Section 2.17(b).

     “Restricted Subsidiary” means (x) any Significant Subsidiary, (y) any Subsidiary that has
substantially all of its property located in the United States and that owns a Principal Property
and (z) other Subsidiaries from time to time designated, by the Borrower by notice to the
Administrative Agent, as Restricted Subsidiaries as necessary such that at all times, based on the
most recent financial statements delivered pursuant hereto, at the end of any fiscal quarter the
book value of the aggregate total assets, net of depreciation and amortization and after
intercompany eliminations, of the Borrower and all of its Restricted Subsidiaries is not less than
85% of the consolidated total assets, net of depreciation and amortization and after intercompany
eliminations, of the Borrower and its Consolidated Subsidiaries, taken as a whole.

     “Retiring Lender” has the meaning set forth in Section 9.01(a).

     “Revolving Commitment” means, for any Revolving Lender and at any time, its commitment
hereunder to make Revolving Loans and purchase participations in Letters of Credit in an aggregate
principal amount at an one time outstanding not to exceed the amount set forth opposite such
Lender’s name on the Commitment Schedule under the caption “Revolving Commitment”, as the same may
be changed from time to time pursuant to Section 2.12, Section 9.07(d) or Section 9.08(c).

     “Revolving Credit Exposure” means, with respect to any Revolving Lender at any time, (i) the
amount of its Revolving Commitment (whether used or unused) at such time or (ii) if the Revolving
Commitments have terminated in their entirety, the sum of the aggregate principal amount of its
Revolving Loans and Competitive Bid Loans at such time plus its Letter of Credit Liabilities at
such time.

     “Revolving Credit Notes” means promissory notes of the Borrower, substantially in the form of
Exhibit A-2 hereto, evidencing the obligation of the

15

 

Borrower to repay the Revolving Loans, and
“Revolving Credit Note” means any one of such promissory notes issued hereunder.

     “Revolving Credit Period” means the period from and including the Effective Date to but not
including the Termination Date.

     “Revolving Lender” means a Lender having a Revolving Commitment or an outstanding Revolving
Loan, Competitive Bid Loan or Letter of Credit Liabilities.

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

     “Sanctioned Country” means a country subject to a sanctions program administered by OFAC.

     “Sanctioned Person” means (a)(i) an agency of the government of a Sanctioned Country, (ii) an
organization controlled by a Sanctioned Country, or (iii) a person resident in a Sanctioned
Country, to the extent subject to a sanctions program administered by OFAC, or (b) a Person that is
named on the SDN List.

     “SDN List” means OFAC’s list of Specially Designated Nationals and Blocked Persons.

     “Significant Subsidiary” means a Subsidiary with a book value of total assets, net of
depreciation and amortization and after intercompany eliminations, equal to or greater than 5% of
the consolidated total assets of the Borrower and its Consolidated Subsidiaries, taken as a whole.

     “Stop Issuance Notice” has the meaning set forth in Section 2.16(f).

     “Subsidiary” means, as to any Person, any corporation or other entity of which securities or
other ownership interests having ordinary voting power to elect a majority of the board of
directors or other persons performing similar functions are at the time directly or indirectly
owned by such Person; unless otherwise specified, “Subsidiary” means a Subsidiary of the Borrower.

     “Taxes” has the meaning set forth in Section 8.04.

     “Temporary Cash Investment” means any Investment in (i) direct obligations of the United
States or any agency thereof, or obligations guaranteed by the United States or any agency thereof,
(ii) commercial paper rated at least A-1 by Standard & Poor’s (a division of The McGraw-Hill
Companies, Inc.) and P-1 by Moody’s Investors Service, Inc., (iii) bank deposits, checking
accounts, money market deposits and time deposits with, including certificates of deposit issued
by, any office of any bank or trust company which is organized under the laws of the United States
or any state thereof and has capital, surplus and undivided profits aggregating at least
$1,000,000,000, (iv) obligations of a municipality or its agency that are supported by a letter of
credit from an office of a bank or trust

16

 

company meeting the criteria set forth in clause (iii)
above provided the holder of such obligations may compel the repurchase or resale of such
obligations within a one month period, (v) repurchase agreements with respect to securities
described in clause (i) above entered into with an office of a bank or trust company meeting the
criteria specified in clause (iii) above, and (vi) investment funds, substantially all of whose
assets are invested in Investments of the character and quality described in clauses (i) — (v) of
this
definition; provided in each case that such Investment matures within one year from the date
of acquisition thereof by the Borrower or a Subsidiary.

     “Term Commitment” means, for any Term Lender, its commitment hereunder to make Term Loans in
an aggregate principal amount set forth opposite such Lender’s name on the Commitment Schedule
under the caption “Term Commitment”.

     “Term Exposure” means, as to any Term Lender, (i) on or prior to the Effective Date, the
amount of its Term Commitment and (ii) thereafter, the aggregate outstanding principal amount of
its Term Loans.

     “Term Lender” means a Lender having a Term Commitment or an outstanding Term Loan.

     “Term Loan” means a Loan made pursuant to Section 2.01(b).

     “Term Notes” means promissory notes of the Borrower, substantially in the form of Exhibit A-1
hereto, evidencing the obligation of the Borrower to repay the Term Loans, and “Term Note” means
any one of such promissory notes issued hereunder.

     “Termination Date” means March 31, 2015.

     “Total Revolving Commitments” means, at the time for any determination thereof, the aggregate
amount of the Revolving Commitments at such time.

     “Total Outstanding Revolving Amount” means, at any time, the sum of (i) the aggregate
principal amount of all Revolving Loans outstanding at such time, (ii) the aggregate principal
amount of all Competitive Bid Loans outstanding at such time and (iii) the aggregate amount of the
Letter of Credit Liabilities of all Revolving Lenders at such time.

     “Transferee” has the meaning set forth in Section 9.08(e).

     “Unfunded Liabilities” means, with respect to any Plan at any time, the amount (if any) by
which (i) the present value of all benefits under such Plan exceeds (ii) the fair market value of
all Plan assets allocable to such benefits (excluding any accrued but unpaid contributions), all
determined on an ongoing

17

 

basis as of the then most recent valuation date for such Plan, but only to
the extent that such excess represents a potential liability of a member of the ERISA Group to the
PBGC or an appointed trustee under Title IV of ERISA.

     “United States” means the United States of America, including the States and the District of
Columbia, but excluding the Commonwealths, territories and possessions of the United States.

     Section 1.02. Accounting Terms and Determinations. Unless otherwise specified herein, all
accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be
made, and all financial statements required to be delivered hereunder shall be prepared in
accordance with generally accepted accounting principles as in effect from time to time applied on
a basis consistent (except for changes concurred in by the Borrower’s independent
public accountants) with the most recent audited consolidated financial statements of the
Borrower and its Consolidated Subsidiaries delivered to the Lenders; provided that, if the Borrower
notifies the Administrative Agent that the Borrower wishes to amend any covenant contained in
Article 5 to eliminate the effect of any change after the date hereof in generally accepted
accounting principles (which, for purposes of this proviso, shall include the generally accepted
application or interpretation thereof) on the operation of such covenant (or if the Administrative
Agent notifies the Borrower that the Required Lenders wish to amend any such covenant for such
purpose), then the Borrower’s compliance with such covenant shall be determined on the basis of
generally accepted accounting principles in effect immediately before the relevant change in
generally accepted accounting principles is adopted by the Borrower, until either such notice is
withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required
Lenders.

     Section 1.03. Types and Classes of Borrowings. The term “Borrowing” denotes the aggregation
of Loans of one or more Lenders to be made to the Borrower pursuant to Article 2 on the same date,
all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate
Loans, have the same initial Interest Period. Borrowings are classified for purposes of this
Agreement either (i) by reference to the pricing of Loans comprising such Borrowing (e.g., a “Fixed
Rate Borrowing” is a Euro-Dollar Borrowing or a Competitive Bid Borrowing (excluding any such
Borrowing consisting of Competitive Bid LIBOR Loans bearing interest at the Base Rate pursuant to
Section 8.03), and a “Euro-Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans), (ii)
by reference to the provisions of Article 2 under which participation therein is determined (i.e.,
a “Committed Borrowing” is a Borrowing under Section 2.01 in which all Lenders participate in
proportion to their Commitments, while a “Competitive Bid Borrowing” is a Borrowing under Section
2.03 in which the Lender participants are determined on the basis of their bids in accordance
therewith) or (iii) by Class (i.e., a “Revolving Borrowing” is a Borrowing under Section 2.01(a),
while a “Term Borrowing” is a Borrowing under Section 2.01(b)).

18

 

ARTICLE 2

The Loans

     Section 2.01. Commitments to Lend. (a) During the Revolving Credit Period, each Revolving
Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to
the Borrower pursuant to this Section from time to time in amounts such that (i) such Lender’s
Outstanding Revolving Committed Amount shall not exceed its Revolving Commitment and (ii) the Total
Outstanding Revolving Amount shall not exceed the Total Revolving Commitments. Within the
foregoing limits, the Borrower may borrow under this Section, prepay Revolving Loans to the extent
permitted by Section 2.09 and reborrow at any time during the Revolving Credit Period under this
Section. Each Borrowing under this Section shall be in an aggregate principal amount of $5,000,000
or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount
available in accordance with Section 3.02) and shall be made from the several Revolving Lenders in
respective amounts equal to their respective Applicable Percentages of such Borrowing.

     (b) Each Term Lender severally agrees, on the terms and conditions set forth in this
Agreement, to make a loan to the Borrower on the Effective Date in an amount equal to such
Lender’s Term Commitment. The Term Commitments are not revolving in nature, and amounts
repaid in respect of the Term Loans may not be reborrowed.

     Section 2.02. Notice of Committed Borrowing. The Borrower shall give the Administrative
Agent notice (a “Notice of Committed Borrowing”) not later than 12:00 noon (New York City time) on
(x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each
Euro-Dollar Borrowing, specifying:

     (i) the date of such Borrowing, which shall be a Domestic Business Day in the case of a
Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing;

     (ii) the aggregate amount of such Borrowing;

     (iii) whether the Loans comprising such Borrowing are to bear interest initially at the
Base Rate or a Euro-Dollar Rate; and

     (iv) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest
Period applicable thereto, subject to the provisions of the definition of Interest Period.

     Section 2.03. Competitive Bid Borrowings. (a) The Competitive Bid Option. In addition to
Committed Borrowings pursuant to Section 2.01, the Borrower may, as set forth in this Section,
request the Revolving Lenders during the Revolving Credit Period to make offers to make Competitive
Bid Loans to the

19

 

Borrower. The Revolving Lenders may, but shall have no obligation to, make such
offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner
set forth in this Section.

     (b) Competitive Bid Quote Request. When the Borrower wishes to request offers to make
Competitive Bid Loans under this Section, it shall transmit to the Administrative Agent by telex or
facsimile transmission a Competitive Bid Quote Request substantially in the form of Exhibit B
hereto so as to be received not later than 12:00 noon (New York City time) on (x) the fifth
Euro-Dollar Business Day prior to the date of Borrowing proposed therein, in the case of a LIBOR
Auction or (y) the Domestic Business Day next preceding the date of Borrowing proposed therein, in
the case of an Absolute Rate Auction (or, in either case, such other time or date as the Borrower
and the Administrative Agent shall have mutually agreed and shall have notified to the Revolving
Lenders not later than the date of the Competitive Bid Quote Request for the first LIBOR Auction or
Absolute Rate Auction for which such change is to be effective) specifying:

     (i) the proposed date of Borrowing, which shall be a Euro-Dollar Business Day in the
case of a LIBOR Auction or a Domestic Business Day in the case of an Absolute Rate Auction,

     (ii) the aggregate amount of such Borrowing, which shall be $5,000,000 or a larger
multiple of $1,000,000,

     (iii) the duration of the Interest Period applicable thereto, subject to the provisions
of the definition of Interest Period, and

     (iv) whether the Competitive Bid Quotes requested are to set forth a Competitive Bid
Margin or a Competitive Bid Absolute Rate.

     The Borrower may request offers to make Competitive Bid Loans for more than one Interest
Period in a single Competitive Bid Quote Request.

     (c) Invitation for Competitive Bid Quotes. Promptly upon receipt of a Competitive Bid Quote
Request, the Administrative Agent shall send to the Revolving Lenders by telex or facsimile
transmission an Invitation for Competitive Bid Quotes substantially in the form of Exhibit C
hereto, which shall constitute an invitation by the Borrower to each Revolving Lender to submit
Competitive Bid Quotes offering to make the Competitive Bid Loans to which such Competitive Bid
Quote Request relates in accordance with this Section.

     (d) Submission and Contents of Competitive Bid Quotes. (i) Each Revolving Lender may submit a
Competitive Bid Quote containing an offer or offers to make Competitive Bid Loans in response to
any Invitation for Competitive Bid Quotes. Each Competitive Bid Quote must comply with the
requirements of this Section 2.03(d) and must be submitted to the Administrative Agent by telex or
facsimile transmission at its offices specified in or pursuant to

20

 

Section 9.02 not later than (x)
2:00 P.M. (New York City time) on the fourth Euro-Dollar Business Day prior to the proposed date of
Borrowing, in the case of a LIBOR Auction or (y) 9:30 A.M. (New York City time) on the proposed
date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or
date as the Borrower and the Administrative Agent shall have mutually agreed and shall have
notified to the Revolving Lenders not later than the date of the Competitive Bid Quote Request for
the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective);
provided that Competitive Bid Quotes submitted by the Administrative Agent (or any affiliate of the
Administrative Agent) in the capacity of a Lender may be submitted, and may only be submitted, if
the Administrative Agent or such affiliate notifies the Borrower of the terms of the offer or
offers contained therein not later than (x) one hour prior to the deadline for the other Lenders,
in the case of a LIBOR Auction or (y) 15 minutes prior to the deadline for the other Lenders, in
the case of an Absolute Rate Auction. Subject to Article 3 and 6, any Competitive Bid Quote so
made shall be irrevocable except with the written consent of the Administrative Agent given on the
instructions of the Borrower.

     (ii) Each Competitive Bid Quote shall be in substantially the form of Exhibit D hereto
and shall in any case specify:

     (A) the proposed date of Borrowing,

     (B) the principal amount of the Competitive Bid Loan for which each such offer
is being made, which principal amount (w) may be greater than or less than the
Revolving Commitment of the quoting Revolving Lender, (x) must be $5,000,000 or a
larger multiple of $1,000,000, (y) may not exceed the principal amount of
Competitive Bid Loans for which offers were requested and (z) may be subject to an
aggregate limitation as to the principal amount of Competitive Bid Loans for which
offers being made by such quoting Revolving Lender may be accepted,

     (C) in the case of a LIBOR Auction, the margin above or below the applicable
London Interbank Offered Rate (the “Competitive Bid Margin”) offered for each such
Competitive Bid Loan, expressed as a percentage (specified to the nearest
1/10,000th of 1%) to be added to or subtracted from such base rate,

     (D) in the case of an Absolute Rate Auction, the rate of interest per annum
(specified to the nearest 1/10,000th of 1%) (the “Competitive Bid Absolute Rate”)
offered for each such Competitive Bid Loan, and

     (E) the identity of the quoting Revolving Lender.

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A Competitive Bid Quote may set forth up to five separate offers by the quoting
Revolving Lender with respect to each Interest Period specified in the related
Invitation for Competitive Bid Quotes.

     (iii) Any Competitive Bid Quote shall be disregarded if it:

     (A) is not substantially in conformity with Exhibit D hereto or does not
specify all of the information required by subsection (d)(ii) above;

     (B) contains qualifying, conditional or similar language;

     (C) proposes terms other than or in addition to those set forth in the
applicable Invitation for Competitive Bid Quotes; or

     (D) arrives after the time set forth in subsection (d)(i).

     (e) Notice to Borrower. The Administrative Agent shall promptly notify the Borrower of the
terms (x) of any Competitive Bid Quote submitted by a Revolving Lender that is in accordance with
subsection (d) and (y) of any Competitive Bid Quote that amends, modifies or is otherwise
inconsistent with a previous Competitive Bid Quote submitted by such Revolving Lender with respect
to the same Competitive Bid Quote Request. Any such subsequent Competitive Bid Quote shall be
disregarded by the Administrative Agent unless such subsequent Competitive Bid Quote is submitted
solely to correct a manifest error in such former Competitive Bid Quote. The Administrative
Agent’s notice to the Borrower shall specify (A) the aggregate principal amount of Competitive Bid
Loans for which offers have been received for each Interest Period specified in the related
Competitive Bid Quote Request, (B) the respective principal amounts and Competitive Bid Margins or
Competitive Bid Absolute Rates, as the case may be, so offered and (C) if applicable, limitations
on the aggregate principal amount of Competitive Bid Loans for which offers in any single
Competitive Bid Quote may be accepted.

     (f) Acceptance and Notice by Borrower. Not later than 10:30 A.M. (New York City time) on (x)
the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR
Auction or (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in
either case, such other time or date as the Borrower and the Administrative Agent shall have
mutually agreed and shall have notified to the Revolving Lenders not later than the date of the
Competitive Bid Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such
change is to be effective), the Borrower shall notify the Administrative
Agent of its acceptance or non-acceptance of the offers so notified to it pursuant to
subsection (e). In the case of acceptance, such

22

 

notice (a “Notice of Competitive Bid Borrowing”)
shall specify the aggregate principal amount of offers for each Interest Period that are accepted.
The Borrower may accept any Competitive Bid Quote in whole or in part; provided that:

     (i) the aggregate principal amount of each Competitive Bid Borrowing may not exceed the
applicable amount set forth in the related Competitive Bid Quote Request;

     (ii) the principal amount of each Competitive Bid Borrowing must be $5,000,000 or a
larger multiple of $1,000,000;

     (iii) acceptance of offers may only be made on the basis of ascending Competitive Bid
Margins or Competitive Bid Absolute Rates, as the case may be; and

     (iv) the Borrower may not accept any offer that is described in subsection (d)(iii) or
that otherwise fails to comply with the requirements of this Agreement.

     (g) Allocation by Administrative Agent. If offers are made by two or more Revolving Lenders
with the same Competitive Bid Margins or Competitive Bid Absolute Rates, as the case may be, for a
greater aggregate principal amount than the amount in respect of which such offers are accepted for
the related Interest Period, the principal amount of Competitive Bid Loans in respect of which such
offers are accepted shall be allocated by the Administrative Agent among such Revolving Lenders as
nearly as possible (in multiples of $1,000,000, as the Administrative Agent may deem appropriate)
in proportion to the aggregate principal amounts of such offers. Determinations by the
Administrative Agent of the amounts of Competitive Bid Loans shall be conclusive in the absence of
manifest error.

     Section 2.04. Notice to Lenders; Funding of Loans. (a) Upon receipt of a Notice of
Borrowing, the Administrative Agent shall give each Lender participating therein prompt notice of
the contents thereof and of such Lender’s share of such Borrowing and such Notice of Borrowing
shall not thereafter be revocable by Borrower.

     (b) Not later than 2:00 P.M. (New York City time) on the date of each Borrowing, each Lender
participating therein shall make available its share of such Borrowing in Federal or other funds
immediately available in New York City, to the Administrative Agent at its address referred to in
Section 9.02. Unless the Administrative Agent determines that any applicable condition specified
in Article 3 has not been satisfied, the Administrative Agent will make the funds so received from
the Lenders available to the Borrower at the Administrative Agent’s aforesaid address.

23

 

     (c) Unless the Administrative Agent shall have received notice from a Lender prior to the date
of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
share of such Borrowing, the Administrative Agent may assume that such Lender has made such share
available to the Administrative Agent on the date of such Borrowing in accordance with subsections
(b) and (c) of this Section and the Administrative Agent may, in reliance upon such assumption,
make available to the Borrower on such date a corresponding amount. If and to the extent that such
Lender shall not have so made such share available to the Administrative Agent, such Lender and the
Borrower severally agree to repay to the
Administrative Agent forthwith on demand such corresponding amount together with interest
thereon, for each day from the date such amount is made available to the Borrower until the date
such amount is repaid to the Administrative Agent, (i) in the case of a payment made by a Lender,
at the Federal Funds Rate and (ii) in the case of a payment made by the Borrower, at the interest
rate applicable to the Loans constituting such Borrowing. If such Lender shall repay to the
Administrative Agent such corresponding amount, such amount so repaid shall constitute such
Lender’s Loan included in such Borrowing for purposes of this Agreement.

     (d) The failure of any Lender to make a Loan required to be made by it as part of any
Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder to make
its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any
other Lender to make the Loan to be made by such other Lender on the date of the Borrowing.

     Section 2.05. Registry; Notes. (a) The Administrative Agent shall maintain a register (the
“Register”) on which it will record each Commitment of each Lender, each Loan made by each Lender
and each repayment of any Loan made by each Lender. Any such recordation by the Administrative
Agent on the Register shall be presumptively correct, absent manifest error.

     (b) The Borrower hereby agrees that, promptly upon the request of any Lender at any time, the
Borrower shall deliver to such Lender a Note, duly executed by the Borrower and payable to the
order of such Lender and representing the obligation of the Borrower to pay the aggregate unpaid
principal amount of all Term Loans or Revolving Loans, as the case may be, made to the Borrower by
such Lender, with interest as provided herein on the unpaid principal amount from time to time
outstanding.

     (c) Each Lender shall record the date, amount and maturity of each Loan made by it and the
date and amount of each payment of principal made by the Borrower with respect thereto, and each
Lender receiving a Note pursuant to this Section, if such Lender so elects in connection with any
transfer or enforcement of any Note, may endorse on the schedule forming a part thereof appropriate
notations to evidence the foregoing information with respect to each such Loan then outstanding;
provided that neither the failure of such Lender to make any such recordation or endorsement nor
any error therein shall affect the

24

 

obligations of the Borrower hereunder or under any Note. Such
Lender is hereby irrevocably authorized by the Borrower so to endorse any Note and to attach to and
make a part of any Note a continuation of any such schedule as and when required.

     Section 2.06. Maturity of Loans; Amortization. (a) Each Revolving Loan shall mature, and the
outstanding principal amount thereof shall be due and payable, on the Termination Date.

     (b) The Borrower shall repay Term Loans, for the ratable account of each Term Lender, on the
dates set forth below, or if any such date is not a Domestic Business Day, on the next preceding
Domestic Business Day, in the aggregate principal amount set forth opposing such date (as adjusted
from time to time pursuant to Section 2.09):

	 	 	 	 	 
	Date	 	Amount
	March 31, 2012
	 	$	5,000,000	 
	March 31, 2013
	 	$	5,000,000	 
	March 31, 2014
	 	$	5,000,000	 
	Termination Date
	 	$	235,000,000	 

The then aggregate outstanding principal amount of all Term Loans shall be paid in full by the
Borrower on the Termination Date.

     (c) Each Competitive Bid Loan included in any Competitive Bid Borrowing shall mature, and the
principal amount thereof shall be due and payable, on the last day of the Interest Period
applicable to such Borrowing.

     Section 2.07. Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding
principal amount thereof, for each day from the date such Loan is made until it becomes due, at a
rate per annum equal to the sum of the Base Rate plus the Applicable Base Rate Margin for such day.
Such interest shall be payable at maturity, quarterly in arrears on each Quarterly Date prior to
maturity and, with respect to the principal amount of any Base Rate Loan converted to a Euro-Dollar
Loan, on the date of such conversion. Any overdue principal of or interest on any Base Rate Loan
shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the
sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

     (b) Each Euro-Dollar Loan shall bear interest on the outstanding principal amount thereof, for
each day during each Interest Period applicable thereto, at a rate per annum equal to the sum of
the Applicable Euro-Dollar Margin for such day plus the London Interbank Offered Rate applicable to
such Interest Period. Such interest shall be payable for each Interest Period on the last day
thereof and, if such Interest Period is longer than three months, at intervals of three months
after the first day thereof.

25

 

     The “London Interbank Offered Rate” applicable to any Interest Period means the rate
appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such page)
providing rate quotations comparable to those currently provided on such page of such page, as
determined by the Administrative Agent from time to time for purposes of providing quotations of
interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00
A.M., London time, two Euro-Dollar Business Days prior to the commencement of such Interest Period,
as the rate for Dollar deposits with a maturity comparable to such Interest Period. In the event
that such rate is not available at such time for any reason, then the “London Interbank Offered
Rate” for such Interest Period shall be the average (rounded upward, if necessary, to the next
higher 1/100 of 1%) of the respective rates per annum at which deposits in dollars are offered by
each of the Reference Banks in the London interbank market at approximately 11:00 A.M. (London
time) two Euro-Dollar Business Days before the first day of such Interest Period in an amount
approximately equal to the principal amount of the Euro-Dollar Loan of such Reference Bank to which
such Interest Period is to apply and for a period of time comparable to such Interest Period.

     (c) Any overdue principal of or interest on any Euro-Dollar Loan shall bear interest, payable
on demand, for each day until paid at a rate per annum equal to the higher of (i) the sum of 2%
plus the Applicable Euro-Dollar Margin for such day plus the average (rounded upward, if necessary,
to the next higher 1/100 of 1%) of the respective rates per annum at which one day (or, if such
amount due remains unpaid more than three Euro-Dollar Business Days, then for such other period of
time not longer than three months as the Administrative Agent may select) deposits in dollars in an
amount approximately equal to such overdue payment due to each of the Reference Banks are offered
by such Reference Bank in the London interbank market for the applicable period determined as
provided above and (ii) the sum of 2% plus the Applicable Euro-Dollar Margin for such day plus the
London Interbank Offered Rate applicable to such Loan at the date such payment was due.

     (d) Subject to Section 8.02 and 8.03, each Competitive Bid LIBOR Loan shall bear interest on
the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per
annum equal to the sum of the London Interbank Offered Rate for such Interest Period (determined in
accordance with Section 2.07(b) as if the related Competitive Bid LIBOR Borrowing were a Committed
Euro-Dollar Borrowing) plus (or minus) the Competitive Bid Margin quoted by the Lender making such
Loan in accordance with Section 2.07(b). Each Competitive Bid Absolute Rate Loan shall bear
interest on the outstanding principal amount thereof, for the Interest Period applicable thereto,
at a rate per annum equal to the Competitive Bid Absolute Rate quoted by the Lender making such
Loan in accordance with Section 2.03. Such interest shall be payable for each Interest Period on
the last day thereof and, if such Interest Period is longer than three months, at intervals of
three months

26

 

after the first day thereof. Any overdue principal of or interest on any Competitive Bid Loan
shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the
sum of 2% plus the Base Rate for such day.

     (e) The Administrative Agent shall determine each interest rate applicable to the Loans
hereunder. The Administrative Agent shall give prompt notice to the Borrower and the participating
Lenders of each rate of interest so determined, and its determination thereof shall be conclusive
in the absence of manifest error.

     (f) Each Reference Bank agrees to use its best efforts to furnish quotations to the
Administrative Agent as contemplated by this Section. If any Reference Bank does not furnish a
timely quotation, the Administrative Agent shall determine the relevant interest rate on the basis
of the quotation or quotations furnished by the remaining Reference Bank or Banks or, if none of
such quotations is available on a timely basis, the provisions of Section 8.01 shall apply.

     Section 2.08. Mandatory Termination of Commitments. (a) The Revolving Commitments shall
terminate on the Termination Date.

     (b) The Term Commitments shall terminate at the close of business on the earlier of (i) the
Effective Date and (ii) April 4, 2011, if the Effective Date shall not have occurred on or before
such date.

     Section 2.09. Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to
Section 2.14, the Borrower may, upon notice to the Administrative Agent not later than 11:30 A.M.
(New York City time) on the date of such prepayment, prepay any Group of Base Rate Loans (or any
Competitive Bid Borrowing bearing interest at the Base Rate pursuant to Section 8.02 or 8.03) or
upon at least three Euro-Dollar Business Days’ notice to the Administrative Agent, prepay any Group
of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts
aggregating $5,000,000 or any larger multiple of $1,000,000 by paying the principal amount to be
prepaid together with accrued interest thereon to the date of prepayment. Each such optional
prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such
Group of Loans (or Borrowing).

     (b) Optional prepayments of Term Loans pursuant to subsection (a) above shall be applied pro
rata against the remaining scheduled installments of principal due in respect of Term Loans under
Section 2.06(b).

     (c) Except as provided in subsection (a) above, the Borrower may not prepay all or any portion
of the principal amount of any Competitive Bid Loan prior to the maturity thereof.

27

 

     (d) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent
shall promptly notify each affected Lender of the contents
thereof and of such Lender’s ratable share of such prepayment and such notice shall not
thereafter be revocable by the Borrower; provided, however, that a notice of prepayment may state
that such notice is conditioned upon the effectiveness of other credit facilities or the receipt of
the proceeds from the issuance of other Debt, in which case such notice of prepayment may be
revoked by the Borrower if such condition is not satisfied.

     Section 2.10. General Provisions as to Payments. (a) The Borrower shall make each payment of
principal of, and interest on, the Loans, of Letter of Credit Liabilities and of fees hereunder,
not later than 2:00 P.M. (New York City time) on the date when due, in funds immediately available
in New York City, to the Administrative Agent at its address referred to in Section 9.02. If a
Fed-Wire reference or tracer number has been received, from the Borrower or otherwise, by the
Administrative Agent by that time the Borrower will not be penalized for a payment received after
2:00 P.M. (New York City time). The Administrative Agent will promptly distribute to each Lender
its ratable share of each such payment received by the Administrative Agent for the account of the
Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or Letter of
Credit Liabilities or of fees shall be due on a day which is not a Domestic Business Day, the date
for payment thereof shall be extended to the next succeeding Domestic Business Day. Whenever any
payment of principal of, or interest on, the Euro-Dollar Loans shall be due on a day which is not a
Euro-Dollar Business Day, the date for payment thereof shall be extended to the next succeeding
Euro-Dollar Business Day unless such Euro-Dollar Business Day falls in another calendar month, in
which case the date for payment thereof shall be the next preceding Euro-Dollar Business Day.
Whenever any payment of principal of, or interest on, the Competitive Bid Loans shall be due on a
day which is not a Euro-Dollar Business Day, the date for payment thereof shall be extended to the
next succeeding Euro-Dollar Business Day. If the date for any payment of principal is extended by
operation of law or otherwise, interest thereon shall be payable for such extended time.

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

28

 

     (c) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.04(c), Section 2.10(b) or Section 2.16(c), then the
Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof,
(i) apply any amounts thereafter received by the Administrative Agent for the account of such
Lender for the benefit of the Administrative Agent or the Issuing Lender to satisfy such Lender’s
obligations to it under such Section until all such unsatisfied obligations are fully paid, and/or
(ii) hold any such amounts in a segregated account as cash collateral for, and application to, any
future funding obligations of such Lender under any such Section, in the case of each of clauses
(i) and (ii) above, in any order as determined by the Administrative Agent in its discretion.

     Section 2.11. Fees. (a) The Borrower shall pay to the Administrative Agent for the account
of the Revolving Lenders ratably a facility fee at the Facility Fee Rate (determined daily in
accordance with the Pricing Schedule) on the daily aggregate amount of the Revolving Credit
Exposures. Such facility fee shall accrue from and including the Effective Date to but excluding
the date that the Revolving Credit Exposures are reduced to zero.

     (b) The Borrower shall pay to the Administrative Agent (i) for the account of the Revolving
Lenders ratably a letter of credit fee accruing daily on the aggregate amount available for drawing
under all outstanding Letters of Credit at the Letter of Credit Fee Rate (determined daily in
accordance with the Pricing Schedule) and (ii) for the account of each Issuing Lender a letter of
credit fronting fee accruing daily on the aggregate amount available for drawing under all
outstanding Letters of Credit issued by such Issuing Lender at a rate per annum mutually agreed
from time to time by the Borrower and such Issuing Lender.

     (c) Accrued fees under this Section shall be payable quarterly in arrears on each Quarterly
Date and on the date of termination of the Revolving Commitments in their entirety (and, if later,
the date the Revolving Credit Exposures are reduced to zero).

     Section 2.12. Reduction or Termination of Revolving Commitments. During the Revolving Credit
Period, the Borrower may, upon at least three Domestic Business Days’ notice to the Administrative
Agent, (i) terminate the Revolving Commitments at any time, if the Total Outstanding Revolving
Amount is equal to zero at such time or (ii) ratably reduce from time to time by an aggregate
amount of $5,000,000 or a larger multiple of $1,000,000, the aggregate amount of the Revolving
Commitments in excess of the Total Outstanding Revolving Amount at such time.

     Section 2.13. Method of Electing Interest Rates. (a) The Loans included in each Committed
Borrowing shall bear interest initially at the type of rate specified by the Borrower in the
applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to
change or continue the

29

 

type of interest rate borne by each Group of Loans (subject in each case to
the provisions of Article 8 and the last sentence of this subsection(a)), as follows:

     (i) if such Loans are Base Rate Loans, the Borrower may elect to convert such Loans
to Euro-Dollar Loans as of any Euro-Dollar Business Day and

     (ii) if such Loans are Euro-Dollar Loans, the Borrower may elect to convert such
Loans to Base Rate Loans or elect to continue such Loans as Euro-Dollar Loans for an
additional Interest Period, subject to Section 2.14 in the case of any such conversion or
continuation effective on any day other than the last day of the then current Interest
Period applicable to such Loans.

     Each such election shall be made by delivering a notice (a “Notice of Interest Rate Election”)
to the Administrative Agent not later than 12:00 noon. (New York City time) on the third
Euro-Dollar Business Day before the conversion or continuation selected in such notice is to be
effective. A Notice of Interest Rate Election may, if it so specifies, apply to only a portion of
the aggregate principal amount of the relevant Group of Loans; provided that (i) such portion is
allocated ratably among the Loans comprising such Group of Loans and (ii) the portion to which such
notice applies, and the remaining portion to which it does not apply, are each $5,000,000 or any
larger multiple of $1,000,000. If no such notice is timely received prior to the end of an
Interest Period, the Borrower shall be deemed to have elected that all Loans having such Interest
Period be converted to Base Rate Loans at the end of such Interest Period.

     (b) Each Notice of Interest Rate Election shall specify:

     (i) the Group of Loans (or portion thereof) to which such notice applies;

     (ii) the date on which the conversion or continuation selected in such notice is to
be effective, which shall comply with the applicable clause of subsection (a) above;

     (iii) if the Loans comprising such Group are to be converted, the new type of Loans
and, if the Loans being converted are to be Euro-Dollar Loans, the duration of the next
succeeding Interest Period applicable thereto; and

     (iv) if such Loans are to be continued as Euro-Dollar Loans for an additional
Interest Period, the duration of such additional Interest Period.

     Each Interest Period specified in a Notice of Interest Rate Election shall comply with the
provisions of the definition of Interest Period.

30

 

     (c) Upon receipt of a Notice of Interest Rate Election from the Borrower pursuant to
subsection (a) above, the Administrative Agent shall
promptly notify each affected Lender of the contents thereof and such notice shall not
thereafter be revocable by the Borrower.

     (d) An election by the Borrower to change or continue the rate of interest applicable to any
Group of Loans pursuant to this Section shall not constitute a “Borrowing” subject to the
provisions of Section 3.02.

     Section 2.14. Funding Losses. If the Borrower makes any payment of principal with respect to
any Fixed Rate Loan or any Fixed Rate Loan is converted (pursuant to Article 2, 6 or 8 or
otherwise) on any day other than the last day of an Interest Period applicable thereto, or the last
day of an applicable period fixed pursuant to Section 2.07(c), or if the Borrower fails to borrow,
prepay, convert or continue any Fixed Rate Loans after notice has been given to any Lender in
accordance with Section 2.04(a), 2.09 or 2.13 the Borrower shall reimburse each affected Lender
within 30 days after demand for any resulting loss or expense incurred by it, including (without
limitation) any loss incurred in obtaining, liquidating or employing deposits from third parties,
but excluding loss of margin for the period after any such payment or conversion or failure to
borrow, prepay, convert or continue, provided that such Lender shall have delivered to the Borrower
a certificate as to the amount of such loss or expense, which certificate shall be conclusive in
the absence of manifest error.

     Section 2.15. Computation of Interest and Fees. The facility fee paid pursuant to Section
2.11 and interest based on the Prime Rate hereunder shall be computed on the basis of a year of 365
days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the
first day but excluding the last day). All other interest and fees shall be computed on the basis
of a year of 360 days and paid for the actual number of days elapsed (including the first day but
excluding the last day).

     Section 2.16. Letters of Credit.

     (a) Commitment to Issue Letters of Credit. Subject to the terms and conditions hereof, each
Issuing Lender agrees to issue Letters of Credit from time to time before the Letter of Credit
Termination Date upon the request of the Borrower; provided that, immediately after each Letter of
Credit is issued (i) the Total Outstanding Revolving Amount shall not exceed the Total Revolving
Commitments and (ii) the aggregate amount of the Letter of Credit Liabilities shall not exceed
$50,000,000. Upon the date of issuance by an Issuing Lender of a Letter of Credit, the Issuing
Lender shall be deemed, without further action by any party hereto, to have sold to each Revolving
Lender, and each Revolving Lender shall be deemed, without further action by any party hereto, to
have purchased from the Issuing Lender, a participation in such Letter of Credit and the related
Letter of Credit Liabilities in the proportion of its Applicable Percentage.

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     (b) Method for Issuance; Terms; Extensions.

     (i) The Borrower shall give the Issuing Lender notice at least three Domestic
Business Days (or such shorter notice as may be acceptable to the Issuing Lender in its
discretion) prior to the requested issuance of a Letter of Credit (or, in the case of
renewal or extension, prior to the Issuing Lender’s deadline for notice of nonextension)
specifying the date such Letter of Credit is to be issued, and describing the terms of
such Letter of Credit and the nature of the transactions to be supported thereby (such
notice, including any such notice given in connection with the extension of a Letter of
Credit, a “Notice of Issuance”). Upon receipt of a Notice of Issuance, the Issuing Lender
shall promptly notify the Administrative Agent, and the Administrative Agent shall
promptly notify each Revolving Lender of the contents thereof and of the amount of such
Revolving Lender’s participation in such Letter of Credit.

     (ii) The obligation of the Issuing Lender to issue each Letter of Credit shall, in
addition to the conditions precedent set forth in Article 3, be subject to the conditions
precedent that such Letter of Credit shall be in such form and contain such terms as shall
be reasonably satisfactory to the Issuing Lender and that the Borrower shall have executed
and delivered such other customary instruments and agreements relating to such Letter of
Credit as the Issuing Lender shall have reasonably requested; provided, however, that each
Issuing Lender agrees that in the event of any inconsistency between such instruments and
agreements and this Agreement the provisions of this Agreement shall prevail. The
Borrower shall also pay to the Issuing Lender for its own account issuance, drawing,
amendment, settlement and extension charges, if any, in the amounts and at the times as
agreed between the Borrower and the Issuing Lender.

     (iii) The extension or renewal of any Letter of Credit shall be deemed to be an
issuance of such Letter of Credit, and if any Letter of Credit contains a provision
pursuant to which it is deemed to be extended unless notice of termination is given by the
Issuing Lender, the Issuing Lender shall timely give such notice of termination unless it
has theretofore timely received a Notice of Issuance and the other conditions to issuance
of a Letter of Credit have also theretofore been met with respect to such extension. Each
Letter of Credit shall expire at or before the close of business on the date that is one
year after such Letter of Credit is issued (or, in the case of any renewal or extension
thereof, one year after such renewal or extension); provided that (i) a Letter of Credit
may contain a provision pursuant to which it is deemed to be extended on an annual basis
unless notice of termination is given by the Issuing Lender and (ii) in no event will a
Letter of Credit other than the Johnson County Letter of Credit expire (including pursuant
to a renewal or extension thereof) on a date later than the Letter of Credit Termination
Date; provided that the Borrower shall Cash Collateralize its obligations with

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respect to
the Johnson County Letter of Credit not later than the Termination Date. Upon and subject
to the posting of such Cash
Collateral, the obligations of the Revolving Lenders in respect of the Johnson County
Letter of Credit shall terminate, and fees in respect thereof shall be payable solely for
the account of the Issuing Lender.

     (c) Payments; Reimbursement Obligations.

     (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under such Letter of Credit, the Issuing Lender shall promptly notify the
Administrative Agent and the Administrative Agent shall promptly notify the Borrower and
each Revolving Lender as to the amount to be paid as a result of such demand or drawing
and the date such payment is to be made by the Issuing Lender (the “Payment Date”). The
Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing
Lender for any amounts paid by the Issuing Lender upon any drawing under any Letter of
Credit, without presentment, demand, protest or other formalities of any kind. Such
Reimbursement Obligation shall be due on the Payment Date; provided that no such payment
shall be due from the Borrower any earlier than the date of receipt by it of notice of its
obligation to make such payment (or, if such notice is received by the Borrower after
11:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business
Day); and provided further that if and to the extent any such Reimbursement Obligation is
not paid by the Borrower in accordance with this clause (i) or clause (ii) below on the
Payment Date, then (irrespective of when notice thereof is received by the Borrower), such
Reimbursement Obligation shall bear interest, payable on demand, for each day from and
including the Payment Date to but not including the date such Reimbursement Obligation is
paid in full or converted to Base Rate Revolving Loans pursuant to clause (ii) below, at a
rate per annum equal to the rate applicable to Base Rate Revolving Loans for such day.

     (ii) If the Revolving Commitments remain in effect on the Payment Date, such
Reimbursement Obligation shall, if and to the extent that the amount of such Reimbursement
Obligation would be permitted as a Borrowing of Committed Revolving Loans pursuant to
Section 3.02, and unless the Borrower otherwise instructs the Administrative Agent by not
later than 11:30 a.m. (New York City time) on the Payment Date, convert automatically to
Base Rate Revolving Loans on the Payment Date. The Administrative Agent shall, on behalf
of the Borrower (which hereby irrevocably directs the Administrative Agent so to act on
its behalf), give notice no later than 12:00 noon (New York City time) on such date
requesting each Revolving Lender to make, and each Revolving Lender hereby agrees to make,
a Base Rate Loan, in an amount equal to such Revolving Lender’s Applicable Percentage of
the Reimbursement Obligation with respect to which such notice relates. Each Revolving

33

 

Lender shall make such Loan available to the Administrative Agent at its address referred
to in Section 9.02 in immediately available funds, not
later than 2:00 P.M. (New York City time), on the date specified in such notice. The
Administrative Agent shall pay the proceeds of such Loans to the Issuing Lender, which
shall immediately apply such proceeds to repay the Reimbursement Obligation.

     (iii) To the extent a Reimbursement Obligation is not refunded by a Revolving Lender
pursuant to clause (ii) above, such Revolving Lender will pay to the Administrative Agent,
for the account of the Issuing Lender, immediately upon the Issuing Lender’s demand at any
time during the period commencing after such Reimbursement Obligation arises until
reimbursement therefor in full by the Borrower, an amount equal to such Revolving Lender’s
Applicable Percentage of such Reimbursement Obligation, together with interest on such
amounts for each day from the date of the Issuing Lender’s demand for such payment (or, if
such demand is made after 1:00 P.M. (New York City time) on such date, from the next
succeeding Domestic Business Day) to the date of payment by such Revolving Lender of such
amount at a rate of interest per annum equal to the Federal Funds Rate for the first three
Domestic Business Days after the date of such demand and thereafter at a rate per annum
equal to the Base Rate for each additional day. The Issuing Lender will pay to each
Revolving Lender ratably all amounts received from the Borrower for application in payment
of its Reimbursement Obligations in respect of any Letter of Credit, but only to the
extent such Revolving Lender has made payment to the Issuing Lender in respect of such
Letter of Credit pursuant hereto; provided that in the event such payment received by the
Issuing Lender is required to be returned, such Revolving Lender will return to the
Issuing Lender any portion thereof previously distributed to it by the Issuing Lender.

     (d) Obligations Absolute. The obligations of the Borrower and each Revolving Lender under
subsection (c) above shall be absolute, unconditional and irrevocable, and shall be performed
strictly in accordance with the terms of this Agreement, under all circumstances whatsoever,
including without limitation the following circumstances:

     (i) any lack of validity or enforceability of this Agreement or any Letter of Credit
or any document related hereto or thereto;

     (ii) the use which may be made of the Letter of Credit by, or any acts or omission
of, a beneficiary of a Letter of Credit (or any Person for whom the beneficiary may be
acting);

     (iii) the existence of any claim, set-off, defense or other rights that the Borrower
may have at any time against a beneficiary of a Letter of Credit (or any Person for whom
the beneficiary may be acting), any

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Revolving Lender (including the Issuing Lender) or any
other Person,
whether in connection with this Agreement or the Letter of Credit or any document
related hereto or thereto or any unrelated transaction;

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

     (v) payment under a Letter of Credit against presentation to the Issuing Lender of
documents that do not comply with the terms of such Letter of Credit;

     (vi) any termination of the Revolving Commitments prior to, on or after the Payment
Date for any Letter of Credit, whether at the scheduled termination thereof, by operation
of Section 6.01 or otherwise; or

     (vii) any other act or omission to act or delay of any kind by any Revolving Lender
(including the Issuing Lender), the Administrative Agent or any other Person or any other
event or circumstance whatsoever that might, but for the provisions of this subsection
(viii), constitute a legal or equitable discharge of or defense to the Borrower’s or the
Revolving Lender’s obligations hereunder;

provided, that this Section 2.16(d) shall not limit the rights of the Borrower under Section
2.16(e)(ii).

     (e) Indemnification; Expenses.

     (i) The Borrower hereby indemnifies and holds harmless each Revolving Lender
(including each Issuing Lender) and the Administrative Agent from and against any and all
claims, damages, losses, liabilities, costs or expenses which it may reasonably incur in
connection with a Letter of Credit issued pursuant to this Section 2.16; provided that the
Borrower shall not be required to indemnify any Revolving Lender (including the Issuing
Lender) or the Administrative Agent, for any claims, damages, losses, liabilities, costs
or expenses (i) to the extent such indemnification relates to relationships between or
among each of, or any of, the Revolving Lenders (including each Issuing Lender), the
Administrative Agent or any Assignee or Participant or (ii) to the extent found by a court
of competent jurisdiction to have been caused by the gross negligence or willful
misconduct of such Person or the bad faith breach by such Person of any of its material
obligations hereunder.

     (ii) None of the Revolving Lenders (including, subject to the proviso below, an
Issuing Lender) nor the Administrative Agent nor any

35

 

of their officers or directors or
employees or agents shall be liable or responsible, by reason of or in connection with the
execution and delivery
or transfer of or payment or failure to pay under any Letter of Credit, including
without limitation any of the circumstances enumerated in subsection (d) above; provided
that, notwithstanding Section 2.16(d), the Borrower shall have a claim for direct (but not
consequential) damage suffered by it, to the extent finally determined by a court of
competent jurisdiction to have been caused by (x) the Issuing Lender’s gross negligence or
willful misconduct in determining whether documents presented under any Letter of Credit
complied with the terms of such Letter of Credit or (y) the Issuing Lender’s failure to
pay under any Letter of Credit after the presentation to it of documents strictly
complying with the terms and conditions of the Letter of Credit. The parties agree that,
with respect to documents presented which appear on their face to be in substantial
compliance with the terms of a Letter of Credit, the Issuing Lender may, in its
discretion, either accept and make payment upon such documents without responsibility for
further investigation, regardless of any notice or information to the contrary, or refuse
to accept and make payment upon such documents if such documents are not in strict
compliance with the terms of such Letter of Credit.

     (iii) Nothing in this subsection (e) is intended to limit the obligations of the
Borrower under any other provision of this Agreement. To the extent the Borrower does not
indemnify an Issuing Lender as required by this subsection, the Revolving Lenders agree to
do so ratably in accordance with their Applicable Percentages.

     (f) Stop Issuance Notice. If the Required Revolving Lenders reasonably determine at any time
that the conditions set forth in Section 3.02 would not be satisfied in respect of a Borrowing at
such time, then the Required Revolving Lenders may request that the Administrative Agent issue a
“Stop Issuance Notice”, and the Administrative Agent shall issue such notice to each Issuing
Lender. Such Stop Issuance Notice shall be promptly withdrawn upon a determination by the Required
Revolving Lenders that the circumstances giving rise thereto no longer exist. No Letter of Credit
shall be issued while a Stop Issuance Notice is in effect. The Required Revolving Lenders may
request issuance of a Stop Issuance Notice only if there is a reasonable basis therefor, and shall
consider reasonably and in good faith a request from the Borrower for withdrawal of the same on the
basis that the conditions in Section 3.02 are satisfied, provided that the Administrative Agent and
the Issuing Lenders may and shall conclusively rely upon any Stop Issuance Notice while it remains
in effect.

     Section 2.17. Defaulting Lenders. Notwithstanding any provision of this Agreement to the
contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for
so long as such Lender is a Defaulting Lender:

36

 

     (a) Fees shall cease to accrue on the unused portion of the Revolving Commitment (if any) of
such Defaulting Lender pursuant to Section 2.11(a).

     (b) The Credit Exposure(s) of such Defaulting Lender shall not be included in determining
whether the Required Lenders, the Required Revolving Lenders or the Required Term Lenders have
taken or may take any action hereunder (including any consent to any amendment, waiver or other
modification pursuant to Section 9.07); it being understood that this clause (b) shall not affect
the rights of a Defaulting Lender in the case of an amendment, waiver or other modification under
Section 9.07(a)(i), Section 9.07(a)(ii) or Section 9.07(a)(iii).

     (c) If such Lender is a Revolving Lender and any Letter of Credit Liabilities exist at the
time such Lender becomes a Defaulting Lender, then:

     (i) provided no Event of Default shall have occurred and be continuing, all or a
portion of the Letter of Credit Liabilities of such Defaulting Lender shall be reallocated
among the Non-Defaulting Revolving Lenders in accordance with their respective Applicable
Percentages, but only to the extent that the sum of all Non-Defaulting Revolving Lenders’
Outstanding Revolving Committed Amounts plus such Defaulting Lender’s Letter of Credit
Liabilities does not exceed the total of all Non-Defaulting Revolving Lenders’ Revolving
Commitments;

     (ii) if the reallocation described in clause (i) above cannot, or can only partially,
be effected, the Borrower shall, within one Domestic Business Day following notice by the
Administrative Agent, Cash Collateralize for the benefit of the Issuing Lender only the
Borrower’s obligations corresponding to such Defaulting Lender’s Letter of Credit
Liabilities (after giving effect to any partial reallocation pursuant to clause (i) above)
until the earlier of the first date upon which (A) such Letter of Credit Liabilities shall
no longer be outstanding, (B) such Lender shall no longer be a Defaulting Lender hereunder
(whether pursuant to this Section 2.17 or Section 9.01 hereof), and (C) such Defaulting
Lender shall provide Cash Collateral in respect of such Letter of Credit Liabilities.
Upon the occurrence of any of the events described in subclauses (A) — (C) above, or upon
any partial reduction of such Letter of Credit Liabilities, the Administrative Agent shall
promptly return to the Borrower any Cash Collateral provided by the Borrower in respect of
such Letter of Credit Liabilities (or, following any partial reduction of such Letter of
Credit Liabilities, such ratable portion thereof), together with any interest accrued
thereon;

     (iii) the Borrower shall not be required to pay any fees to any Defaulting Lender
pursuant to Section 2.11(a) or Section 2.11(b) with respect to such Defaulting Lender’s
Letter of Credit Liabilities unless, and solely to the extent, that such Defaulting Lender
has provided Cash Collateral in respect of such Letter of Credit Liabilities;

37

 

     (iv) if all or any portion of the Letter of Credit Liabilities of any Defaulting
Lender is reallocated pursuant to clause (i) above, then the letter of credit fees payable to each Non-Defaulting Revolving Lender pursuant to
Section 2.11(b) shall be adjusted to include amounts owing in respect of the Letter of
Credit Liabilities so reallocated to such Non-Defaulting Revolving Lender; and

     (v) if all or any portion of such Defaulting Lender’s Letter of Credit Liabilities is
neither reallocated nor Cash Collateralized by the Borrower and/or such Defaulting Lender
pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of
the Issuing Lender or any other party hereunder, all facility fees that otherwise would
have been payable to such Defaulting Lender (solely with respect to the portion of such
Defaulting Lender’s Revolving Commitment that was utilized by such Letter of Credit
Liabilities) and letter of credit fees payable under Section 2.11(b) with respect to such
Defaulting Lender’s Letter of Credit Liabilities that have not been so reallocated or Cash
Collateralized shall be payable to the Issuing Lender until and to the extent that such
Letter of Credit Liabilities are so reallocated and/or Cash Collateralized.

     (d) So long as any Revolving Lender is a Defaulting Lender, the Issuing Lender shall not be
required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related
exposure and such Defaulting Lender’s then outstanding Letter of Credit Liabilities will be 100%
covered by the Revolving Commitments of the Non-Defaulting Revolving Lenders and/or Cash
Collateralized by the Borrower in accordance with Section 2.17(c), and participating interests in
any newly issued or increased Letter of Credit shall be allocated among Non-Defaulting Revolving
Lenders in a manner consistent with Section 2.17(c)(i)(and such Defaulting Lender shall not
participate therein).

     (e) In the event that the Administrative Agent, the Borrower and (in the case of a Defaulting
Lender that is a Revolving Lender) each Issuing Lender agree that such Defaulting Lender has
adequately remedied all matters that caused such Lender to be a Defaulting Lender, then (i) such
Lender shall cease to be Defaulting Lender and (ii) if such Lender is a Revolving Lender, the
Letter of Credit Liabilities of the Revolving Lenders shall be readjusted to reflect the inclusion
of such Lender’s Revolving Commitment, and on such date such Lender shall purchase at par such of
the Revolving Loans of the other Revolving Lenders as the Administrative Agent shall determine may
be necessary in order for such Revolving Lender to hold such Revolving Loans in accordance with its
Applicable Percentage; provided that no adjustments will be made retroactively with respect to fees
accrued or payments made by or on behalf of the Borrower while such Lender was a Defaulting Lender;
and provided, further, that except to the extent otherwise expressly agreed by the affected
parties, no cessation of such Lender’s Defaulting Lender status hereunder will constitute a waiver
or release of

38

 

any claim of any party hereunder arising from such Lender’s having been a Defaulting
Lender.

     Section 2.18. Reverse Dutch Auction Repurchases.

     (a) Notwithstanding anything to the contrary contained in this Agreement, the Borrower may at
any time and from time to time conduct reverse Dutch auctions in order to purchase Term Loans
(each, an “Auction”) (each Auction to be managed exclusively by J.P. Morgan Securities LLC or
another investment bank of recognized standing elected by the Borrower following consultation with
the Administrative Agent (in such capacity, the “Auction Manager”)), so long as the following
conditions are satisfied:

     (i) each Auction shall be conducted in accordance with the procedures, terms and
conditions set forth in this Section 2.18 the Auction Procedures;

     (ii) no Event of Default shall have occurred and be continuing on the date of the
delivery of each Auction Notice and at the time of purchase of any Term Loans in
connection with any Auction, and the Borrower shall have delivered to the Administrative
Agent a certificate signed by an officer of the Borrower confirming compliance with this
sub-section (ii);

     (iii) the maximum principal amount (calculated on the face amount thereof) of all
Term Loans that the Borrower offers to purchase in any such Auction shall be no less than
$15,000,000 (unless another amount is agreed to by the Administrative Agent);

     (iv) after giving effect to any purchase of Term Loans pursuant to this Section 2.18,
the sum of (x) the unutilized Total Revolving Commitments and (y) the aggregate amount of
all unrestricted cash and Temporary Cash Investments of the Borrower and its Consolidated
Subsidiaries less (z) the aggregate amount of long-term Debt of the Borrower and its
Consolidated Subsidiaries (other than the Term Loans) coming due within twelve months,
shall not be less than $250,000,000;

     (v) the aggregate principal amount (calculated on the face amount thereof) of all
Term Loans so purchased by the Borrower shall automatically be cancelled and retired by
the Borrower on the settlement date of the relevant purchase (and may not be resold);

     (vi) no more than one Auction may be ongoing at any one time;

39

 

     (vii) the aggregate principal amount of all Term Loans purchased pursuant to Section
2.18 and Section 2.19 shall not exceed $250,000,000; and

     (viii) the Borrower represents and warrants that it shall have no material non-public
information (“MNPI”) that both (A) has not
been previously disclosed in writing to the Administrative Agent and the Lenders
(other than because such Lender does not wish to receive such MNPI) prior to such time and
(B) could reasonably be expected to have a material effect upon, or otherwise be material
to, a Lender’s decision to participate in the Auction.

     (b) The Borrower must terminate an Auction if it fails to satisfy one or more of the
conditions set forth above which are required to be met at the time which otherwise would have been
the time of purchase of Term Loans pursuant to the respective Auction. If the Borrower commences
any Auction (and all relevant requirements set forth above which are required to be satisfied at
the time of the commencement of the respective Auction have in fact been satisfied), and if at such
time of commencement the Borrower reasonably believes that all required conditions set forth above
which are required to be satisfied at the time of the purchase of Term Loans pursuant to such
Auction shall be satisfied, then the Borrower shall have no liability to any Lender for any
termination of the respective Auction as a result of its failure to satisfy one or more of the
conditions set forth above which are required to be met at the time which otherwise would have been
the time of purchase of Term Loans pursuant to the respective Auction, and any such failure shall
not result in any Default hereunder. With respect to all purchases of Term Loans made by the
Borrower pursuant to this Section 2.18, (x) the Borrower shall pay on the settlement date of each
such purchase all accrued and unpaid interest (except to the extent otherwise set forth in the
relevant offering documents), if any, on the purchased Term Loans up to the settlement date of such
purchase and (y) such purchases (and the payments made by the Borrower and the cancellation of the
purchased Term Loans, in each case in connection therewith) shall not constitute voluntary or
mandatory payments or prepayments for purposes of Section 2.06, Section 2.09 or Section 2.14.

     (c) The Administrative Agent and the Lenders hereby consent to the Auctions and the other
transactions contemplated by this Section 2.18 (provided that no Lender shall have an obligation to
participate in any such Auctions) and hereby waive the requirements of any provision of this
Agreement (including, without limitation, Section 2.06, Section 2.09, Section 2.14, Section 9.05,
Section 9.06 and Section 9.08 (it being understood and acknowledged that purchases of the Term
Loans by the Borrower contemplated by this Section 2.18 shall not constitute Investments by the
Borrower)) that may otherwise prohibit any Auction or any other transaction contemplated by this
Section 2.18. The Auction Manager acting in its capacity as such hereunder shall be entitled to
the benefits of the provisions of Article 7 and Section 9.04 mutatis mutandis as if each reference
therein to the “Administrative Agent” were a reference to the Auction Manager,

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and the
Administrative Agent shall cooperate with the Auction Manager as reasonably requested by the
Auction Manager in order to enable it to perform its responsibilities and duties in connection with
each Auction.

     Section 2.19. Open Market Purchases.

     (a) Notwithstanding anything to the contrary contained in this Agreement, the Borrower may at
any time and from time to time make open market purchases of Term Loans (each, an “Open Market
Purchase”), so long as the following conditions are satisfied:

     (i) no Event of Default shall have occurred and be continuing on the date of such
Open Market Purchase, and the Borrower shall have delivered to the Administrative Agent a
certificate signed by an officer of the Borrower confirming compliance with this
sub-section (i);

     (ii) after giving effect to any purchase of Term Loans pursuant to this Section 2.19,
the sum of (x) the unutilized Total Revolving Commitments and (y) the aggregate amount of
all unrestricted Cash and Temporary Cash Investments of the Borrower less (z) the
aggregate amount of long-term Debt of the Borrower and its Consolidated Subsidiaries
(other than the Term Loans) coming due within twelve months, shall not be less than
$250,000,000;

     (iii) the aggregate principal amount (calculated on the face amount thereof) of all
Term Loans so purchased by the Borrower shall automatically be cancelled and retired by
the Borrower on the settlement date of the relevant purchase (and may not be resold); and

     (iv) the aggregate principal amount of all Term Loans purchased pursuant to Section
2.18 and Section 2.19 shall not exceed $250,000,000.

     (b) With respect to all purchases of Term Loans made by the Borrower pursuant to this Section
2.19, (x) the Borrower shall pay on the settlement date of each such purchase all accrued and
unpaid interest, if any, on the purchased Term Loans up to the settlement date of such purchase
(except to the extent otherwise set forth in the relevant purchase document as agreed by the
respective selling Lender) and (y) such purchases (after the payments made by the Borrower and the
cancellation of the purchased Term Loans, in each case in connection therewith) shall not
constitute voluntary or mandatory payments or prepayments for purposes of Section 2.06, Section
2.09 or Section 2.14.

     (c) The Administrative agent and the Lenders hereby consent to the Open Market Purchases
contemplated by this Section 2.19 and hereby waive the requirements of any provision of this
Agreement (including, without limitation, Section 2.06, Section 2.09, Section 2.14, Section 9.05,
Section 9.06 and Section

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9.08 (it being understood and acknowledged that purchases of the Term
Loans by the Borrower contemplated by this Section 2.19 shall not constitute Investments by the
Borrower)) that may otherwise prohibit any Open Market Purchase by this Section 2.19.

ARTICLE 3

Conditions

     Section 3.01. Effectiveness. The Commitments shall become effective upon receipt by the
Administrative Agent of the following documents, each dated the Effective Date unless otherwise
indicated:

     (a) an opinion of Skadden, Arps, Slate, Meagher & Flom LLP, counsel for the Borrower, and an
opinion of Robinson Bradshaw & Hinson, North Carolina counsel for the Borrower, in each case
addressed to the Administrative Agent and each Lender and in form and substance reasonably
satisfactory to the Administrative Agent;

     (b) all documents the Administrative Agent may reasonably request relating to the existence of
the Borrower, the corporate authority for and the validity of this Agreement and any Notes, all in
form and substance reasonably satisfactory to the Administrative Agent; and

     (c) evidence reasonably satisfactory to the Administrative Agent that all principal of and
interest on any loans outstanding under, and all accrued fees under, the Existing Credit Facility,
and all fees then due in accordance with the fee letters dated March 7, 2011, shall have been paid
in full.

     The Administrative Agent shall promptly notify the Borrower and the Lenders of the Effective
Date, and such notice shall be conclusive and binding on all parties hereto. The Lenders that are
parties to the Existing Credit Facility, constituting the “Required Banks” under the Existing
Credit Facility, and the Borrower agree that (i) the commitments under the Existing Credit Facility
shall terminate automatically on the Effective Date without need for further action by any party to
the Existing Credit Facility and (ii) all requirements of notice for any prepayment under the
Existing Credit Agreement necessary to satisfy the conditions stated in Section 3.01(c) or the
termination of commitments pursuant to clause (i) above are hereby waived.

     Section 3.02. Borrowings and Issuances of Letters of Credit. The obligation of any Lender to
make a Loan and the obligation of the Issuing Lender to issue (or renew or extend the term of) any
Letter of Credit are each subject to the satisfaction of the following conditions;

     (a) receipt (or deemed receipt pursuant to Section 2.16(d)(ii)) by the Administrative Agent of
a Notice of Borrowing as required by Section 2.02 or

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receipt by the Issuing Lender of a Notice of
Issuance as required by Section 2.16, as the case may be;

     (b) in the case of a Revolving Borrowing, Competitive Bid Borrowing or the issuance of a
Letter of Credit, the fact that, immediately after such Borrowing or issuance of such Letter of
Credit (i) the Total Outstanding
Revolving Amount will not exceed the Total Revolving Commitments, and (ii) the aggregate
amount of Letter of Credit Liabilities will not exceed $50,000,000;

     (c) the fact that, immediately before and after such Borrowing or issuance of such Letter of
Credit, no Default shall have occurred and be continuing; and

     (d) the fact that, except as otherwise described by the Borrower in a writing to the
Administrative Agent and waived by the Required Lenders, the representations and warranties of the
Borrower contained in this Agreement (except, in the case of any Borrowing or issuance subsequent
to the Effective Date, the representations and warranties set forth in Sections 4.04(b), 4.05,
4.06, 4.08, 4.13 and 4.14) shall be true in all material respects on and as of the date of such
Borrowing or issuance, except to the extent they expressly relate to an earlier date in which case
they shall be true in all material respects as of such earlier date.

Each Borrowing and issuance of a Letter of Credit hereunder shall be deemed to be a representation
and warranty by the Borrower on the date of such Borrowing or issuance as to the facts specified in
clauses 3.02(c) and 3.02(d).

ARTICLE 4

Representations and Warranties

     The Borrower represents and warrants that:

     Section 4.01. Corporate Existence and Power. Each of the Borrower and its Restricted
Subsidiaries is a corporation duly organized and validly existing under the laws of the state of
its incorporation without limitation on the duration of its existence, is in good standing therein,
and is duly qualified to transact business in all jurisdictions where such qualification is
necessary, except for such jurisdictions where the failure to be so qualified or licensed will not
be reasonably likely to have a Material Adverse Effect; the Borrower has corporate power to enter
into and perform this Agreement; and the Borrower has the corporate power to borrow and issue Notes
as contemplated by this Agreement.

     Section 4.02. Corporate Authorization; No Contravention. The execution, delivery and
performance by the Borrower of this Agreement and the Notes (i) are within the corporate powers of
the Borrower, (ii) have been duly authorized by all necessary corporate action and (iii) do not
contravene, or constitute a default under, (x) any provision of applicable law or regulation or of

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the certificate of incorporation or by-laws of the Borrower or (y) of any agreement, judgment,
injunction, order, decree or other instrument binding upon the Borrower or any of its Subsidiaries,
if such contravention or default would be reasonably likely to have a Material Adverse Effect, or
(iv) result in the creation or imposition of any Lien on any asset of the Borrower or any of its
Subsidiaries which would be reasonably likely to have a Material Adverse Effect.

     Section 4.03. Binding Effect. This Agreement and any Notes constitute valid and binding
agreements of the Borrower enforceable against the Borrower in accordance with their respective
terms, except to the extent limited by bankruptcy, reorganization, insolvency, moratorium and other
similar laws of general application relating to or affecting the enforcement of creditors’ rights
or by general equitable principles.

     Section 4.04. Financial Information. (a) The consolidated balance sheet of the Borrower and
its Consolidated Subsidiaries as of December 31, 2010 and the related consolidated statements of
earnings and cash flows for the fiscal year then ended, reported on by Ernst & Young LLP and set
forth in the Borrower’s 2010 Form 10-K, fairly present, in conformity with generally accepted
accounting principles, the consolidated financial position of the Borrower and its Consolidated
Subsidiaries as of such date and their consolidated results of operations and cash flows for such
fiscal year.

     (b) Since December 31, 2010, there has been no change in the consolidated financial condition
of the Borrower and its Consolidated Subsidiaries which would be reasonably likely to have a
Material Adverse Effect.

     Section 4.05. Litigation. There are no suits, actions or proceedings pending, or to the
knowledge of any member of the Borrower’s legal department threatened against the Borrower or any
Subsidiary, the adverse determination of which is reasonably likely to occur, and if so adversely
determined would be reasonably likely to have a Material Adverse Effect.

     Section 4.06. Taxes. The Borrower and each Subsidiary have filed all material tax returns
which to the knowledge of any member of the Borrower’s tax department were required to be filed and
have paid or have adequately provided for all taxes shown thereon to be due, including any interest
and penalties accrued thereon, except for (i) those not yet delinquent, (ii) those the nonpayment
of which would not be reasonably likely to have a Material Adverse Effect and (iii) those being
contested in good faith.

     Section 4.07. Margin Regulations. No part of the proceeds of any Loan will be used in a
manner which would violate, or result in a violation of, Regulation U.

     Section 4.08. Compliance with Laws. The Borrower and its Restricted Subsidiaries are in
compliance in all material respects with all applicable laws,

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rules and regulations, other than
such laws, rules and regulations (i) the validity or applicability or which the Borrower or such
Subsidiary is contesting in good faith or (ii) the failure to comply with which would not be
reasonably likely to have a Material Adverse Effect.

     Section 4.09. Governmental Approvals. No consent, approval, authorization, permit or license
from, or registration or filing with, any
Governmental Authority is required in connection with the making of this Agreement, with the
exception of routine periodic filings made under the Exchange Act and such consents, approvals,
authorizations, permits, licenses, registrations or filings which have already been completed or
obtained.

     Section 4.10. Pari Passu Obligations. Under applicable United States laws (including state
and local laws) in force at the date hereof, the claims and rights of the Lenders and the
Administrative Agent against the Borrower under this Agreement and the Notes will not be
subordinate to, and will rank at least pari passu with, the claims and rights of any other
unsecured creditors of the Borrower (except to the extent provided by bankruptcy, reorganization,
insolvency, moratorium or other similar laws of general application relating to or affecting the
enforcement of creditors’ rights and by general principles of equity).

     Section 4.11. No Defaults. The payment obligations of the Borrower and its Restricted
Subsidiaries in respect of any Material Debt are not overdue.

     Section 4.12. Full Disclosure. All information furnished to the Lenders in writing prior to
the date hereof in connection with the transactions contemplated hereby does not, collectively,
contain any material misstatement of a material fact or omit to state a material fact necessary to
make the statements contained therein (taken as a whole), in the light of the circumstances under
which they were made, not misleading in any material respect on and as of the date hereof; provided
that, with respect to projected financial information (including financial estimates, forecasts and
other forward-looking information), the Borrower represents only that such information was prepared
in good faith based upon assumptions believed to be reasonable at the time; and provided, further,
that for purposes of this Section 4.12, such information shall not include information of a general
economic or general industry nature.

     Section 4.13. ERISA. Each member of the ERISA Group has fulfilled its obligations under the
minimum funding standards of ERISA and the Internal Revenue Code with respect to each Plan and is
in substantial compliance in all material respects with the presently applicable material
provisions of ERISA and the Internal Revenue Code with respect to each Plan. No member of the
ERISA Group has (i) sought a waiver of the minimum funding standard under Section 412 of the
Internal Revenue Code in respect of any Plan, (ii) failed to make any contribution or payment to
any Plan or Multiemployer Plan or made any amendment to any Plan which, in either case has resulted
or could result in the imposition of a material Lien or the posting of a material bond or other
material

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security under ERISA or the Internal Revenue Code or (iii) incurred any material liability
under Title IV of ERISA other than a liability to the PBGC for premiums under Section 4007 of
ERISA.

     Section 4.14. Environmental Matters. The Financial Statements described in Section 4.04(a)
provide certain information regarding environmental matters related to properties currently owned
by the Borrower or its Restricted
Subsidiaries, previously owned properties, and other properties. Since December 31, 2010,
environmental matters have not caused any material adverse change in the consolidated financial
condition of the Borrower and the Consolidated Subsidiaries from that shown by such Financial
Statements.

     To the knowledge of the Borrower, ongoing operations at the Principal Properties are currently
being conducted in substantial compliance with applicable Environmental Laws except to the extent
that noncompliance would not be reasonably likely to have a Material Adverse Effect.

     Section 4.15. Regulatory Restrictions on Borrowing. The Borrower is not an “investment
company” within the meaning of the Investment Company Act of 1940, as amended, or otherwise subject
to any regulatory scheme which restricts its ability to incur debt.

     Section 4.16. Legal Status. The Borrower (i) is not identified on the SDN List, (ii) is not
a Sanctioned Person, (iii) does not have more than 15% of its assets in Sanctioned Countries, and
(iv) does not derive more than 15% of its operating income from investments in, or transactions
with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Loan will be used
directly or indirectly to fund any operations in, finance any investments or activities in or make
any payments to, a Sanctioned Person or a Sanctioned Country.

     The Borrower is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et
seq., and any foreign counterpart thereto. The Borrower has not made a payment, offering, or
promise to pay, or authorized the payment of, money or anything of value (i) in order to assist in
obtaining or retaining business for or with, or directing business to, any foreign official,
foreign political party, party official or candidate for foreign political office, (ii) to a
foreign official, foreign political party or party official or any candidate for foreign political
office, or (iii) with the intent to induce the recipient to misuse his or her official position to
direct business wrongfully to the Borrower in violation of the Foreign Corrupt Practices Act, 15
U.S.C. §§ 78dd-1, et seq.

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ARTICLE 5

Covenants

     From the Effective Date and so long as any Lender has any Credit Exposure hereunder, the
Borrower agrees that, unless the Required Lenders shall otherwise consent in writing:

     Section 5.01. Information. The Borrower will deliver to the Administrative Agent which will
deliver to each of the Lenders:

     (a) as soon as available and in any event within 60 days after the end of each of its first
three quarterly accounting periods in each fiscal year, consolidated
statements of earnings and cash flows of the Borrower and the Consolidated Subsidiaries for
the period from the beginning of such fiscal year to the end of such fiscal period and the related
consolidated balance sheet of the Borrower and the Consolidated Subsidiaries as at the end of such
fiscal period, all in reasonable detail (it being understood that delivery of such statements as
filed with the Securities and Exchange Commission shall be deemed to satisfy the requirements of
this subsection) and accompanied by a certificate in the form attached hereto as Exhibit F signed
by a financial officer of the Borrower stating that such consolidated financial statements fairly
present the consolidated financial condition and results of operations of the Borrower and the
Consolidated Subsidiaries as of the end of such period and for the period involved, subject,
however, to year-end audit adjustments, and that such officer has no knowledge, except as
specifically stated, of any Default;

     (b) as soon as available and in any event within 120 days after the end of each fiscal year,
consolidated statements of earnings and cash flows of the Borrower and the Consolidated
Subsidiaries for such year and the related consolidated balance sheets of the Borrower and the
Consolidated Subsidiaries as at the end of such year, all in reasonable detail and accompanied by
(i) an opinion of an independent public accountant of recognized standing selected by the Borrower
as to such consolidated financial statements (it being understood that delivery of such statements
as filed with the Securities and Exchange Commission shall be deemed to satisfy the requirements of
this subsection), and (ii) a certificate in the form attached hereto as Exhibit F signed by a
financial officer of the Borrower stating that such consolidated financial statements fairly
present the consolidated financial condition and results of operations of the Borrower and the
Consolidated Subsidiaries as of the end of such year and for the year involved and that such
officer has no knowledge, except as specifically stated, of any Default;

     (c) promptly after their becoming available:

     (i) copies of all financial statements, stockholder reports and proxy statements that
the Borrower shall have sent to its stockholders generally; and

47

 

     (ii) copies of all registration statements filed by the Borrower under the Securities
Act of 1933, as amended (other than registration statements on Form S-8 or any
registration statement filed in connection with a dividend reinvestment plan), and regular
and periodic reports, if any, which the Borrower shall have filed with the Securities and
Exchange Commission (or any governmental agency or agencies substituted therefor) under
Section 13 or Section 15(d) of the Exchange Act, or with any national or international
securities exchange (other than those on Form 11-K or any successor form);

     (d) from time to time, with reasonable promptness, such further information regarding the
business and financial condition of the Borrower and its
Subsidiaries as any Lender may reasonably request through the Administrative Agent;

     (e) prompt notice of the occurrence of any Default; and

     (f) prompt notice of all litigation and of all proceedings before any governmental or
regulatory agency pending (or, to the knowledge of the General Counsel of the Borrower, threatened)
and affecting the Borrower or any Restricted Subsidiary, except litigation or proceedings which, if
adversely determined, would not be reasonably likely to have a Material Adverse Effect.

     Each set of financial statements delivered pursuant to Section 5.01(a) or 5.01(b) shall be
accompanied by or include the computations showing, in the form attached hereto as Exhibit F,
whether the Borrower was, at the end of the relevant fiscal period, in compliance with the
provisions of Section 5.09.

     Section 5.02. Payment of Obligations. The Borrower will pay and discharge, and will cause
each Restricted Subsidiary to pay and discharge, all material taxes, assessments and governmental
charges or levies imposed upon it or upon its income or profits, or upon any property belonging to
it, prior to the date on which penalties attach thereto, and all lawful material claims which, if
unpaid, might become a Lien upon the property of the Borrower or such Restricted Subsidiary;
provided that neither the Borrower nor any such Restricted Subsidiary shall be required to pay any
such tax, assessment, charge, levy or claim (i) the payment of which is being contested in good
faith and by proper proceedings, (ii) not yet delinquent or (iii) the non-payment of which, if
taken in the aggregate, would not be reasonably likely to have a Material Adverse Effect.

     Section 5.03. Insurance. The Borrower will maintain, and will cause each Restricted
Subsidiary to maintain, insurance from responsible companies in such amounts and against such risks
as is reasonable, taking into consideration the practices of businesses in the same line of
business or of similar size as the Borrower or such Restricted Subsidiary, or, to a reasonable
extent, self-insurance.

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     Section 5.04. Maintenance of Existence. The Borrower (i) will preserve and maintain, and
will cause each Restricted Subsidiary to preserve and maintain, its corporate existence and (ii)
will take all reasonable action to preserve and maintain all of its rights, privileges and
franchises necessary or desirable in the normal conduct of its business, except to the extent that
failure to do so would not reasonably be expected to have a Material Adverse Effect, provided,
however, that nothing herein contained shall prevent the termination of the business or corporate
existence of any Restricted Subsidiary which in the judgment of the Borrower is no longer necessary
or desirable, a merger or consolidation of a Restricted Subsidiary into or with the Borrower (if
the Borrower is the surviving corporation) or another Subsidiary or any other merger, consolidation
or transfer of assets that is not prohibited by Section 5.07, as long as immediately after
giving effect to any such transaction, no Event of Default shall have occurred and be
continuing.

     Section 5.05. Maintenance of Properties. The Borrower will keep, and will cause each
Restricted Subsidiary to keep, all of its tangible properties necessary, in the judgment of the
Borrower, in its business in good working order and condition (ordinary wear and tear, and damage
caused by casualty, excepted), except to the extent that failure to do so would not reasonably be
expected to have a Material Adverse Effect. Nothing in this Section 5.05 shall prevent the
Borrower or any Restricted Subsidiary from discontinuing the operation or maintenance, or both the
operation and maintenance, of any properties of the Borrower or any such Restricted Subsidiary if
such discontinuance is, in the judgment of the Borrower (or such Restricted Subsidiary), desirable
in the conduct of its business.

     Section 5.06. Compliance with Laws. The Borrower will comply, and will cause each Restricted
Subsidiary to comply, with the requirements of all applicable laws, rules, regulations, and orders
of any Governmental Authority (including Environmental Laws and ERISA), a breach of which would be
reasonably likely to have a Material Adverse Effect, except where contested in good faith and by
proper proceedings.

     Section 5.07. Mergers, Consolidations and Sales of Assets. (a) The Borrower will not
consolidate with or merge into any other Person or convey or transfer its properties and assets
substantially as an entirety to any Person, unless:

     (i) the Borrower or a Consolidated Subsidiary that is incorporated under the laws of
the United States, any state thereof or the District of Columbia is the surviving
corporation of any such consolidation or merger or is the Person that acquires by
conveyance or transfer the properties and assets of the Borrower substantially as an
entirety;

     (ii) if a Consolidated Subsidiary is the surviving corporation or is the Person that
acquires the property and assets of the Borrower

49

 

substantially as an entirety, it shall
expressly assume the performance of every covenant of this Agreement and of the Notes on
the part of the Borrower to be performed or observed;

     (iii) immediately after giving effect to such transaction, no Default shall have
occurred and be continuing; and

     (iv) if the Borrower is not the surviving entity, the Borrower has delivered to the
Administrative Agent an Officer’s Certificate and a legal opinion of its General Counsel,
Associate General Counsel or Assistant General Counsel, upon the express instruction of
the Borrower for the benefit of the Administrative Agent and the Lenders, each stating
that such transaction complies with this Section and that all conditions precedent
herein provided for relating to such transaction have been complied with.

     (b) Upon any consolidation by the Borrower with, or merger by the Borrower into, a
Consolidated Subsidiary, the result of which is that such Consolidated Subsidiary is the surviving
entity, or any conveyance or transfer of the properties and assets of the Borrower substantially as
an entirety to a Consolidated Subsidiary, the Consolidated Subsidiary into which the Borrower is
merged or consolidated or to which such conveyance or transfer is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Borrower, as the case may be, under
this Agreement with the same effect as if such Consolidated Subsidiary had been named as the
Borrower, as the case may be, herein, and thereafter, in the case of a transfer or conveyance
permitted by Section 5.07(a), the Borrower shall be relieved of all obligations and covenants under
this Agreement and the Notes.

     Section 5.08. Negative Pledge. Neither the Borrower nor any Restricted Subsidiary will
create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it,
except:

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

     (b) Liens securing Debt of a Restricted Subsidiary owing to the Borrower or to another
Restricted Subsidiary;

     (c) any Lien existing on any asset of any person at the time such person becomes a Subsidiary
and not created in contemplation of such event;

     (d) any Lien on any asset securing Debt incurred or assumed for the purpose of financing all
or any part of the cost of acquiring such asset (and/or, in the case of the acquisition of a
business, any Lien on the equity and/or assets of the acquired entity), provided that such Lien
attaches to such asset concurrently with or within 180 days after the acquisition thereof;

50

 

     (e) any Lien on any asset of any person existing at the time such person is merged or
consolidated with or into the Borrower or a Restricted Subsidiary and not created in contemplation
of such event;

     (f) any Lien existing on any asset prior to the acquisition thereof by the Borrower or a
Subsidiary and not created in contemplation of such acquisition;

     (g) any Lien arising out of the refinancing, extension, renewal or refunding of any Debt
secured by any Lien permitted by any of the foregoing clauses of this Section, provided that such
Debt is not increased and is not secured by any additional assets;

     (h) Liens in favor of any customer (including any Governmental Authority) to secure partial,
progress, advance or other payments or performance pursuant to any contract or statute or to secure
any related indebtedness or to secure Debt guaranteed by a Governmental Authority;

     (i) Liens incurred in the ordinary course of business not securing Debt that do not impair in
any material respect the usefulness in the business of the Borrower and its Restricted Subsidiaries
of the assets to which such Liens attach;

     (j) carriers’, warehousemen’s, mechanics’, materialmen’s, suppliers’ or other similar Liens,
in each case arising in the ordinary course of business securing obligations which are not overdue
for a period of more than 30 days or are being contested in good faith by appropriate proceedings;

     (k) Liens for taxes, assessments or governmental charges or levies, in each case arising in
the ordinary course of business securing obligations which are not overdue or are being contested
in good faith by appropriate proceedings;

     (l) Liens arising by operation of law in favor of any lender to the Borrower or any Restricted
Subsidiary in the ordinary course of business constituting a banker’s lien or right of offset in
moneys of the Borrower or a Restricted Subsidiary deposited with such lender in the ordinary course
of business;

     (m) licenses of intellectual property in the ordinary course of business;

     (n) the interests of lessees and lessors under leases or subleases of, and the interest of
managers or operators with respect to, real or personal property made in the ordinary course of
business;

     (o) deposits to secure the performance of bids, trade contracts and leases (other than Debt),
statutory obligations, surety bonds (other than bonds related to judgments or litigation),
performance bonds and other obligations of a like nature incurred in the ordinary course of
business;

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     (p) Liens solely on any cash earnest money deposits made by the Borrower or any of its
Restricted Subsidiaries in connection with any letter of intent or purchase agreement;

     (q) Liens securing judgments for the payment of money not constituting an Event of Default
under Section 6.01(j) or securing appeal bonds in respect of appeals being prosecuted in good
faith;

     (r) pledges and deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security or retirement benefits legislation
or similar law or regulations;

     (s) Liens arising out of a conditional sale, title retention, consignment or similar
arrangement for the sale of goods entered into by the Borrower or any of its Restricted
Subsidiaries in the ordinary course of business;

     (t) Liens that are contractual rights of set-off (i) relating to the establishment of
depositary relations with banks or other financial institutions not given in connection with the
issuance of Debt, (ii) relating to pooled deposit or sweep accounts of the Borrower or any of its
Restricted Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the
ordinary course of business of the Borrower or any of its Restricted Subsidiaries or (iii) relating
to agreements other than in connection with Debt or Derivatives Obligations entered into by the
Borrower or any of its Restricted Subsidiaries;

     (u) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods in the ordinary course of
business;

     (v) Liens on cash and cash equivalents securing Derivatives Obligations, provided that the
aggregate amount of cash and cash equivalents subject to such Liens may at no time exceed
$50,000,000;

     (w) Liens securing Debt equally and ratably securing the Loans and such Debt; provided that
the Required Lenders may, in their sole discretion, refuse to take any Lien on any asset (which
refusal will not limit the Borrower’s or any Restricted Subsidiary’s ability to incur a Lien
otherwise permitted by this Section 5.08(w)); such Lien may equally and ratably secure the Loans
and any other obligation of the Borrower or any of its Subsidiaries, other than an obligation that
is subordinated to the Loans;

     (x) Liens securing contingent obligations in an aggregate principal amount not to exceed
$25,000,000; and

     (y) Liens not otherwise permitted by the foregoing clauses of this Section securing
obligations in an aggregate principal or face amount at any date

52

 

not to exceed at the time of incurrence the greater of 12.5% of Consolidated Net Worth and $100,000,000.

     For the avoidance of doubt, the creation of a security interest arising solely as a result of,
or the filing of UCC financing statements in connection with, any sale by the Borrower or any of
its Subsidiaries of accounts receivable not prohibited by Section 5.07 shall not constitute a Lien
prohibited by this covenant.

     Section 5.09. Leverage Ratio. The Leverage Ratio shall not exceed 3.50 to 1.00 as of the
last day of any fiscal quarter; provided that if (i) Consolidated Debt has increased in connection
with a Specified Acquisition, (ii) as a consequence of such Specified Acquisition, the rating of
long-term unsecured debt of the Borrower has not been suspended, withdrawn or fallen below BBB by
Standard & Poor’s (a division of The McGraw-Hill Companies, Inc.) or Baa2 by Moody’s Investors
Service, Inc. and (iii) the Administrative Agent has received a Specified Acquisition Notice within
10 days of consummation of such Specified Acquisition, then, for a period of 180 consecutive days
following the consummation of such Specified Acquisition, the additional Consolidated Debt in
connection with such Specified Acquisition shall be excluded from Consolidated Debt for purposes of
calculating the Leverage Ratio, but only if the Leverage Ratio calculated without such exclusion at
no time during such 180-day period exceeds the otherwise applicable maximum ratio set forth above
modified to increase the numerator by 0.25.

     For purposes of this Section 5.09,

     (i) a “Specified Acquisition” means any single acquisition by the Borrower or a
Subsidiary of the Borrower of any Person (the “Target”) that (x) is in the same line or
lines of business as the Borrower or in the judgment of the Borrower is related to such
line or lines of business and (y) such Target’s board of directors have not objected to
such acquisition; and

     (ii) a “Specified Acquisition Notice” means a notice delivered by the Borrower
notifying the Administrative Agent of the Specified Acquisition and stating that the
conditions in clauses (i) and (ii) of the proviso to the first paragraph of this Section
5.09 have been satisfied.

     Section 5.10. Use of Loans. The Borrower will use the proceeds of the Loans for any lawful
corporate purposes.

     Section 5.11. Investments. Neither the Borrower nor any Restricted Subsidiary will hold,
make or acquire any Investment in any Person other than:

     (a) (i) Investments in Temporary Cash Investments, (ii) other Investments permitted by the
Borrower’s cash investment policy as in effect as of

53

 

the date of this Agreement, and (iii) other
Investments in cash or cash equivalents from time to time approved by the Board of Directors of the
Borrower;

     (b) Investments comprised of debt consideration received in connection with the sale of assets
(including any extensions, renewals and modifications thereof);

     (c) (i) Investments existing on the date of this Agreement or (ii) which the Borrower or any
Restricted Subsidiary has, as of the date of this Agreement, committed to make and which are set
forth on Schedule 5.11(c), including in each case any extensions, renewals and modifications
thereof;

     (d) Investments in any Restricted Subsidiary;

     (e) Investments in any Subsidiary that is not a Restricted Subsidiary or guaranties of
obligations of any Subsidiary that is not a Restricted Subsidiary, if the principal business of
such Subsidiary on the date of the making of such Investment or after giving effect to such
Investment is either (i) the same line or lines of business as the Borrower or (ii) in the judgment
of the Borrower related to such line or lines of business (it being understood that Schedule
5.11(d) contains a nonexhaustive list of certain related businesses);

     (f) Investments by any Restricted Subsidiary in the Borrower;

     (g) advances to officers, directors and employees of the Borrower and its Restricted
Subsidiaries in an aggregate amount not to exceed $5,000,000 at any time outstanding;

     (h) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors and other debtors;

     (i) Investments (including debt obligations and capital stock) received in connection with the
bankruptcy or reorganization of any Person and in settlement of obligations of, or other disputes
with, such Persons arising in the ordinary course of business and upon the foreclosure with respect
to any secured Investments or other transfer of title with respect to any secured Investment;

     (j) bank deposits and prepaid expenses made in the ordinary course of business;

     (k) Investments in Derivatives Transactions made for bona fide hedging
purposes;

     (l) Investments with respect to performance bonds, bankers’ acceptances, workers’ compensation
claims, surety or appeal bond payments,

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obligations in connection with self insurance or similar obligations and bank overdrafts;

     (m) Additional Investments not otherwise included in the foregoing clauses of this Section
5.11 if, after giving effect to such Investment, the outstanding amount (computed by taking the
difference of (x) the original cash purchase price of all such Investments less (y) the sum of (i)
all payments (including interest and dividends) and repayments of principal or capital plus (ii)
all proceeds from the sale of such Investment) of all Investments permitted by this clause (i) does
not exceed 22.5% of Consolidated Net Worth.

     Section 5.12. Transactions with Affiliates. The Borrower will not, and will not permit any
Restricted Subsidiary to, directly or indirectly, pay any funds to or for the account of, make any
investment (whether by acquisition of stock or indebtedness, by loan, advance, transfer of
property, guarantee or other agreement to pay, purchase or service, directly or indirectly, any
Debt, or otherwise) in, lease, sell, transfer or otherwise dispose of any assets, tangible or
intangible, to, or participate in, or effect, any transaction with, any Affiliate except (i)
transactions on an arms-length basis on terms at least as favorable to the Borrower or such
Restricted Subsidiary than could have been obtained from a third party who was not an Affiliate,
and (ii) transactions described in this Section 5.12 that would not be reasonably likely to have a
Material Adverse Effect.

ARTICLE 6

Defaults

     Section 6.01. Event of Default. If one or more of the following events (“Events of Default”)
shall have occurred and be continuing:

     (a) the Borrower shall fail to pay any principal of any Loan or any Reimbursement Obligation
when due or any Reimbursement Obligation Default shall occur;

     (b) the Borrower shall fail to pay within 5 days of the due date thereof (i) any facility fee
or (ii) interest on any Loan;

     (c) the Borrower shall fail to pay within 30 days after a request for payment by any Lender
acting through the Administrative Agent any other amount payable under this Agreement;

     (d) the Borrower shall fail to observe or perform any agreement contained in Section 5.01(e)
or Section 5.07 through 5.11 (and, with respect to Section 5.10 and 5.11, such failure shall have
continued for 10 days after notice thereof has been given to the Borrower by the Administrative
Agent at the request of the Required Lenders);

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     (e) the Borrower shall fail to observe or perform any covenant or agreement contained in this
Agreement (other than those covered by clauses (a)
through (d) above) for 30 days after notice thereof has been given to the Borrower by the
Administrative Agent at the request of the Required Lenders;

     (f) any representation, warranty or certification made by the Borrower in this Agreement or in
any certificate or notice delivered pursuant to the terms of this Agreement shall prove to have
been incorrect in any material respect when made and such deficiency shall remain unremedied for
five days after notice thereof shall have been given to the Borrower by the Administrative Agent at
the request of the Required Lenders;

     (g) any Material Financial Obligations shall become due before stated maturity by the
acceleration of the maturity thereof by reason of default, or any Material Financial Obligations
shall become due by its terms and shall not be paid (after giving effect to any grace period with
respect thereto) and, in any case aforesaid in this clause (g), corrective action satisfactory to
the Required Lenders shall not have been taken within 5 days after written notice of the situation
shall have been given to the Borrower by the Administrative Agent at the request of the Required
Lenders;

     (h) the Borrower or any Restricted Subsidiary shall commence a voluntary case or other
proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts
under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the
appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any
substantial part of its property, or shall consent to any such relief or to the appointment of or
taking possession by any such official in an involuntary case or other proceeding commenced against
it, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay
its debts as they become due, or shall take any corporate action to authorize any of the foregoing;

     (i) an involuntary case or other proceeding shall be commenced against the Borrower or any
Restricted Subsidiary seeking liquidation, reorganization or other relief with respect to it or its
debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking
the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or
any substantial part of its property, and such involuntary case or other proceeding shall remain
undismissed and unstayed for a period of 90 days; or an order for relief shall be entered against
the Borrower or any Restricted Subsidiary under the federal bankruptcy laws as now or hereafter in
effect;

     (j) a final judgment for the payment of money in excess of $50,000,000 shall have been entered
against the Borrower or any Restricted Subsidiary, and the Borrower or such Subsidiary shall not
have satisfied the same within 60 days, or caused execution thereon to be stayed within 60 days,
and such failure to satisfy or stay such judgment shall remain unremedied for 5 days after notice

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thereof shall have been given to the Borrower by the Administrative Agent at the request of the
Required Lenders;

     (k) a final judgment either (1) requiring termination or imposing liability (other than for
premiums under Section 4007 of ERISA) under Title IV of ERISA in respect of, or requiring a trustee
to be appointed under Title IV of ERISA to administer, any Plan or Plans having aggregate Unfunded
Liabilities in excess of $50,000,000 or (2) in an action relating to a Multiemployer Plan involving
a current payment obligation in excess of $50,000,000, which judgment, in either case, has not been
satisfied or stayed within 60 days and such failure to satisfy or stay is unremedied for 5 days
after notice thereof shall have been given to the Borrower by the Administrative Agent at the
request of the Required Lenders; or

     (l) any person or group of persons (within the meaning of Section 13 or 14 of the Securities
Exchange Act of 1934, as amended) shall have acquired beneficial ownership (within the meaning of
Rule 13d-3 promulgated by the Securities and Exchange Commission under said Act) of 35% or more of
the outstanding shares of common stock of the Borrower; or during any two-year period, individuals
who at the beginning of such period constituted the Borrower’s Board of Directors (together with
any new director whose election by the Board of Directors or whose nomination for election by the
shareholders of the Borrower was approved by a vote of at least two-thirds of the directors then in
office who either were directors as the beginning of such period or whose election or nomination
for election was previously so approved) cease for any reason to constitute a majority of the
directors then in office;

then, and in every such event, the Administrative Agent shall, if requested by the Required Lenders
(or, in the case of (i), after termination of the Term Commitments, if so requested by the Required
Revolving Lenders), (i) by notice to the Borrower terminate the Commitments and they shall
thereupon terminate, and (ii) by notice to the Borrower declare the Loans, interest accrued thereon
and all other amounts payable hereunder to be, and the same shall thereupon become, immediately due
and payable without presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrower; provided that in the event of (A) the filing by the Borrower of a
petition, or (B) an actual or deemed entry of an order for relief with respect to the Borrower, in
each case under the federal bankruptcy laws as now or hereafter in effect, without any notice to
the Borrower or any other act by the Administrative Agent or the Lenders, the Commitments shall
thereupon terminate and the Loans, interest accrued thereon and all other amounts payable hereunder
shall become immediately due and payable without presentment, demand, protest or other notice of
any kind, all of which are hereby waived by the Borrower.

     Section 6.02. Cash Cover. The Borrower agrees, in addition to the provisions of Section 6.01
hereof, that upon the occurrence and during the continuance of any Event of Default, it shall, if
requested by the Administrative

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Agent upon the instruction of the Required Lenders, Cash
Collateralize all Letters of Credit then outstanding at such time, provided that, in the event of
(A) the filing by the Borrower of a petition, or (B) an actual or deemed entry of an order
for relief with respect to the Borrower, in each case under the federal bankruptcy laws as now
or hereafter in effect, the Borrower shall do so forthwith without any notice or demand or any
other act by the Administrative Agent or the Lenders.

ARTICLE 7

The Administrative Agent

     Section 7.01. Appointment and Authorization. Each Lender irrevocably appoints and authorizes
the Administrative Agent to take such action as agent on its behalf and to exercise such powers
under this Agreement and the Notes as are delegated to the Administrative Agent by the terms hereof
or thereof, together with all such powers as are reasonably incidental thereto; provided, however,
that the Administrative Agent shall not commence any legal action or proceeding before a court of
law on behalf of any Lender without such Lender’s prior written consent.

     Section 7.02. Administrative Agent and Affiliates. JPMorgan Chase Bank, N.A. shall have the
same rights and powers under this Agreement as any other Lender and may exercise or refrain from
exercising the same as though it were not the Administrative Agent, and JPMorgan Chase Bank, N.A.
and its affiliates may accept deposits from, lend money to, and generally engage in any kind of
business with the Borrower or any Subsidiary or affiliate of the Borrower as if it were not the
Administrative Agent. The term “Lender” or “Lenders” shall, unless expressly indicated, include
JPMorgan Chase Bank, N.A. (and any successor acting as Administrative Agent) in its capacity as a
Lender.

     Section 7.03. Action by Administrative Agent. The obligations of the Administrative Agent
hereunder are only those expressly set forth herein. Without limiting the generality of the
foregoing, the Administrative Agent shall not be required to take any action with respect to any
Default, except as expressly provided in Article 6.

     Section 7.04. Consultation with Experts. The Administrative Agent may consult with legal
counsel (who may be counsel for the Borrower), independent public accountants and other experts
selected by it and shall not be liable to any Lender for any action taken or omitted to be taken by
it in good faith in accordance with the advice of such counsel, accountants or experts.

     Section 7.05. Liability of Administrative Agent. Neither the Administrative Agent nor any of
its affiliates nor any of their respective directors, officers, agents or employees shall be liable
for any action taken or not taken by it in connection herewith (i) with the consent or at the
request of the Required Lenders or (ii) in the absence of its own gross negligence or willful
misconduct.

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Neither the Administrative Agent nor any of its affiliates nor any of their respective
directors, officers, agents or employees shall be responsible for or have any duty to ascertain,
inquire into or verify (i) any statement, warranty or representation made in connection with this Agreement or any borrowing hereunder; (ii) the
performance or observance of any of the covenants or agreements of the Borrower; (iii) the
satisfaction of any condition specified in Article 3, except receipt of items required to be
delivered to the Administrative Agent; or (iv) the validity, effectiveness or genuineness of this
Agreement, the Notes or any other instrument or writing furnished in connection herewith. The
Administrative Agent shall not incur any liability by acting in reliance upon any notice, consent,
certificate, statement, or other writing (which may be a bank wire, telex, facsimile transmission
or similar writing) believed by it to be genuine or to be signed by the proper party or parties.
Without limiting the generality of the foregoing, the use of the term “agent” in this Agreement
with reference to the Administrative Agent is not intended to connote any fiduciary or other
implied (or express) obligations arising under agency doctrine of any applicable law. Instead,
such term is used merely as a matter of market custom and is intended to create or reflect only an
administrative relationship between independent contracting parties.

     Section 7.06. Indemnification. Each Lender shall, ratably in accordance with its Credit
Exposure, indemnify the Administrative Agent and each Issuing Lender, its affiliates and their
respective directors, officers, agents and employees (to the extent not reimbursed by the Borrower)
against any cost, expense (including reasonable counsel fees and disbursements), claim, demand,
action, loss or liability (except such as result from such indemnitees’ gross negligence or willful
misconduct) that such indemnitees may suffer or incur in connection with this Agreement or any
action taken or omitted by such indemnitees hereunder.

     Section 7.07. Credit Decision. Each Lender acknowledges that it has, independently and
without reliance upon the Administrative Agent or any other Lender, and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Lender also acknowledges that it will, independently and without reliance
upon the Administrative Agent or any other Lender, and based on such documents and information as
it shall deem appropriate at the time, continue to make its own credit decisions in taking or not
taking any action under this Agreement.

     Section 7.08. Successor Administrative Agents. The Administrative Agent may resign at any
time by giving notice thereof to the Lenders and the Borrower. Upon any such resignation, the
Borrower shall, so long as no Event of Default shall have occurred and be continuing, have the
right, with the consent of the Required Lenders, to appoint any of the Lenders as a successor
Administrative Agent. In the event that a Default has occurred and is continuing, the Required
Lenders shall have the right to appoint the successor Administrative Agent. If no successor
Administrative Agent shall have been so appointed, and shall have

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accepted such appointment, within
60 days after the retiring Administrative Agent gives notice of resignation, the retiring
Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent, which
shall be a commercial bank organized or licensed under the laws of the United States of America or of any
State thereof and having a combined capital and surplus of at least $50,000,000. Upon the
acceptance of its appointment as an Administrative Agent hereunder by a successor Administrative
Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all
the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent
shall be discharged from its duties and obligations hereunder as Administrative Agent. After any
retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of
this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while
it was Administrative Agent.

     Section 7.09. Administrative Agent’s Fees. The Borrower shall pay to the Administrative
Agent for its own account fees in the amounts and at the times previously agreed upon between the
Borrower and the Administrative Agent.

     Section 7.10. Other Agents. Nothing in this Agreement shall impose upon any Agent other than
the Administrative Agent, in its capacity as such an Agent, any obligation or liability whatsoever.

ARTICLE 8

Change in Circumstances

     Section 8.01. Increased Cost and Reduced Return; Capital Adequacy. (a) If after (x) the date
hereof, in the case of any Committed Loan or Letter of Credit or any obligation to make Committed
Loans or issue or participate in any Letter of Credit, or (y) the date of the related Competitive
Bid Quote, in the case of any Competitive Bid Loan, a Change in Law shall impose, modify or deem
applicable any reserve, special deposit, assessment (excluding any taxes or similar assessments,
which shall be governed exclusively by Section 8.04) or similar requirement (including, without
limitation, any such requirement imposed by the Board of Governors of the Federal Reserve System
pursuant to Regulation D or otherwise, as herein provided) against assets of, deposits with or for
the account of, or credit extended by, any Lender or shall impose on any Lender or the London
interbank market any other condition affecting its Fixed Rate Loans, its Note or its obligations to
make Fixed Rate Loans or its obligations hereunder in respect of Letters of Credit and the result
of any of the foregoing is to increase the cost to such Lender (or its Applicable Lending Office)
of making or maintaining any Fixed Rate Loan or of issuing or participating in any Letter of
Credit, or to reduce the amount of any sum received or receivable by such Lender under this
Agreement or under its Note, by an amount deemed by such Lender to be material, then, within 15
days after written demand therefor made through the

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Administrative Agent, in the form of the
certificate referred to in Section 8.01(c), the Borrower shall pay to such Lender such additional
amount or amounts as will compensate such Lender for such increased cost or reduction; provided
that the Borrower shall not be required to pay any such compensation with respect to any period prior
to the 30th day before the date of any such demand.

     (b) Without limiting the effect of Section 8.01(a) (but without duplication), if any Lender
determines at any time after the date on which this Agreement becomes effective that a Change in
Law will have the effect of increasing the amount of capital required to be maintained by such
Lender (or its Parent) based on the existence of such Lender’s Loans, Commitment and/or other
obligations hereunder, then the Borrower shall pay to such Lender, within 15 days after its written
demand therefor made through the Administrative Agent in the form of the certificate referred to in
Section 8.01(c), such additional amounts as shall be required to compensate such Lender for any
reduction in the rate of return on capital of such Lender (or its Parent) as a result of such
increased capital requirement; provided that the Borrower shall not be required to pay any such
compensation with respect to any period prior to the 30th day before the date of any such demand;
provided further, however, that to the extent (i) a Lender shall increase its level of capital
above the level maintained by such Lender on the date of this Agreement and there has not been a
Change in Law or (ii) there has been a Change in Law and a Lender shall increase its level of
capital by an amount greater than the increase attributable (taking into consideration the same
variables taken into consideration in determining the level of capital maintained by such Lender on
the date of this Agreement) to such Change in Law, the Borrower shall not be required to pay any
amount or amounts under this Agreement with respect to any such increase in capital. Thus, for
example, a Lender which is “adequately capitalized” (as such term or any similar term is used by
any applicable bank regulatory agency having authority with respect to such Lender) may not require
the Borrower to make payments in respect of increases in such Lender’s level of capital made under
the circumstances described in clause (i) or (ii) above which improve its capital position from
“adequately capitalized” to “well capitalized” (as such term or any similar term is used by any
applicable bank regulatory agency having authority with respect to such Lender).

     (c) Each Lender will promptly notify the Borrower, through the Administrative Agent, of any
event of which it has knowledge, occurring after the date on which this Agreement becomes
effective, which will entitle such Lender to compensation pursuant to this Section 8.01 and will
designate a different Applicable Lending Office if such designation will avoid the need for, or
reduce the amount of, such compensation and will not, in the sole judgment of such Lender, be
otherwise disadvantageous to such Lender. A certificate of any Lender claiming compensation under
this Section 8.01 and setting forth the additional amount or amounts to be paid to it hereunder and
setting forth the basis for the determination thereof shall be conclusive in the absence of
manifest error. In

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determining such amount, such Lender shall act reasonably and in good faith,
and may use any reasonable averaging and attribution methods.

     Section 8.02. Substitute Rate. Anything herein to the contrary notwithstanding, if, in the
case of Euro-Dollar Loans or Competitive Bid LIBOR Loans, within two Euro-Dollar Business Days prior to the first day of an Interest Period none
of the Reference Banks is, for any reason whatsoever, being offered Dollars for deposit in the
relevant market for a period and amount relevant to the computation of the rate of interest on a
Fixed Rate Loan for such Interest Period, the Administrative Agent shall give the Borrower and each
Lender prompt notice thereof. Upon receipt of such notice, the Borrower may revoke any pending
request for a Borrowing of, conversion to or continuation of Euro-Dollar Loans or Competitive Bid
LIBOR Loans or, failing that, any such request for Euro-Dollar Loans will be deemed to have
converted such request into a request for Base Rate Loans in the amount specified therein and any
affected Competitive Bid LIBOR Loans shall bear interest for the Interest Period applicable thereto
at the Base Rate.

     Section 8.03. Illegality. (a) Notwithstanding any other provision herein, if, after the date
on which this Agreement becomes effective, a Change in Law shall make it unlawful or impossible for
any Lender to (i) honor any Commitment it may have hereunder to make any Euro-Dollar Loan, then
such Commitment shall be suspended, or (ii) maintain any Euro-Dollar Loan, then all Euro-Dollar
Loans of such Lender then outstanding shall be converted into Base Rate Loans as provided in
Section 8.03(b), and any remaining Commitment of such Lender hereunder to make Euro-Dollar Loans
(but not other Loans) shall be immediately suspended, in either case until such Lender may again
make and/or maintain Euro-Dollar Loans (as the case may be), and borrowings from such Lender, at a
time when borrowings from the other Lenders are to be of Euro-Dollar Loans, shall be made,
simultaneously with such borrowings from the other Lenders, by way of Base Rate Loans. Upon the
occurrence of any such change, such Lender shall promptly notify the Borrower thereof (with a copy
to the Administrative Agent), and shall furnish to the Borrower in writing evidence thereof
certified by such Lender. Before giving any notice pursuant to this Section 8.03, such Lender
shall designate a different Applicable Lending Office if such designation will avoid the need for
giving such notice and will not, in the sole reasonable judgment of such Lender, be otherwise
disadvantageous to such Lender.

     (b) Any conversion of any outstanding Euro-Dollar Loan or an outstanding Competitive Bid Loan
which is required under this Section 8.03 shall be effected immediately (or, if permitted by
applicable law, on the last day of the Interest Period therefor).

     (c) Notwithstanding any other provision herein, if, after the date on which any Competitive
Bid LIBOR Loan is made, a Change in Law shall make it unlawful or impossible for the applicable
Lender to maintain such Competitive Bid LIBOR Loan for the remaining term of the Interest Period
applicable thereto, then such Lender shall promptly notify the Borrower thereof (with a copy to the
Administrative Agent), and such Competitive

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Bid LIBOR Loan shall bear interest at the Base Rate for
the balance of the Interest Period applicable thereto.

     Section 8.04. Taxes on Payments. (a) All payments pursuant to this Agreement shall be made
free and clear of and without any deduction or withholding for or on account of any present and
future taxes, assessments or governmental charges imposed on the Administrative Agent or any Lender
by the United States, or any political subdivision or taxing authority thereof or therein
(“Taxes”), excluding, in the case of the Administrative Agent and each Lender, (w) Taxes imposed on
its net income, branch profit taxes and franchise or similar Taxes imposed in lieu of net income
Taxes by the jurisdiction (or any political subdivision thereof) under the laws of which it is
organized or doing business (other than solely pursuant to this Agreement) or in which its
principal office is located or, in the case of any Lender, in which its Applicable Lending Office
is located, (x) backup withholding tax that is required by Section 3406 of the Internal Revenue
Code (or any successor provision thereto) to be withheld from amounts payable to the Administrative
Agent or such Lender, (y) any withholding tax that is attributable to such Lender’s failure to
comply with Sections 8.04(d) and (h) and Taxes or special assessments of any kind measured by or
imposed as a result of the extent and nature of the Administrative Agent’s or such Lender’s
activities, assets, liabilities, leverage, other exposures to risk, or other similar factors and
(z) Taxes imposed pursuant to FATCA (all such non-excluded Taxes being hereinafter called
“Indemnified Taxes”), except as expressly provided in this Section 8.04. If any Indemnified Taxes
are imposed and required by law to be deducted or withheld from any amount payable by the Borrower
or the Administrative Agent (the “Withholding Agent”) to the Administrative Agent or to any Lender,
then (1) the Borrower shall increase the amount of such payment so that the Administrative Agent or
such Lender, as the case may be, will receive a net amount (after deduction of all Indemnified
Taxes) equal to the amount due hereunder, (2) the Withholding Agent shall pay such Indemnified
Taxes to the appropriate Governmental Authority for the account of the Administrative Agent or such
Lender, as the case may be, and (3) as promptly as possible thereafter, the Withholding Agent shall
send the Administrative Agent or such Lender, as the case may be, evidence of original or certified
copy of a receipt showing payment thereof, together with such additional documentary evidence as
such Lender may from time to time reasonably require. If the Borrower fails to perform its
obligations under (2) or (3) above, the Borrower shall indemnify the Administrative Agent or such
Lender for any incremental taxes, interest or penalties that may become payable as a result of any
such failure.

     (b) The Borrower shall indemnify the Administrative Agent and each Lender against any present
or future transfer taxes, stamp or documentary taxes, excise or property taxes, assessments or
charges made by any Governmental

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Authority by reason of the execution, delivery, registration or
enforcement of this Agreement or any Notes (hereinafter referred to as “Other Taxes”).

     (c) The Borrower shall indemnify the Administrative Agent and each Lender, within 10 days
after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes
imposed or asserted on or attributable to amounts payable under this Section 8.04) payable or paid
by such
Administrative Agent or Lender and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. A certificate as to the amount of such payment or liability
delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent
manifest error.

     (d) Subject to subsection (d) below, each Lender that is a foreign person (i.e. a person who
is not a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue
Code) agrees to deliver to the Borrower and the Administrative Agent (in such number of copies as
shall be requested by the recipient) on or prior to the date on which such Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the request of the Borrower or the
Administrative Agent), unless the Lender is not legally entitled to do so, whichever of the
following is applicable: (i) duly executed originals of Internal Revenue Service Form W-8BEN
claiming eligibility for benefits of an income tax treaty to which the United States is a party,
(ii) duly executed originals of Internal Revenue Service Form W-8ECI, (iii) in the case of a Lender
claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Internal
Revenue Code, (x) a certificate, in substantially the form of Exhibit G, or any other form approved
by the Borrower and the Administrative Agent, to the effect that such Lender is not (A) a “bank”
within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (B) a “10 percent
shareholder” of Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code,
or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Internal Revenue
Code and (y) duly executed originals of Internal Revenue Service Form W-8BEN, (iv) in the case of
a Lender that is not the beneficial owner of payments made under this Agreement (including a
partnership) (A) executed originals of IRS Form W-8IMY on behalf of itself and (B) the relevant
forms prescribed in clauses (i), (ii), (iii), and (v) of this paragraph (d) that would be required
of each beneficial owner (or partner) if the beneficial owner (or partner) were a Lender; provided,
however, that if the Lender is a partnership and one or more of its partners are claiming the
exemption for portfolio interest under Section 881(c) of the Internal Revenue Code, the Lender may
provide the certificate required under paragraph (iii) above on behalf of such partners; and (v)
any other form prescribed by applicable law as a basis for claiming exemption from or a reduction
in United States federal withholding tax duly completed together with such supplementary
documentation as may be prescribed by

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applicable law to permit Borrower or the Administrative Agent
to determine the withholding or deduction required to be made. The Borrower and the Administrative
Agent shall each be entitled to rely on such forms in its possession until receipt of any revised
or successor form pursuant to the preceding sentence.

     (e) If a Lender (including the Administrative Agent in its capacity as a Lender) at the time
it first becomes a party to this Agreement (or because of a change in an Applicable Lending Office)
is subject to a United States interest
withholding tax rate in excess of zero, withholding tax at such rate shall be considered
excluded from Indemnified Taxes, except to the extent that, pursuant to Section 8.04(a), amounts
with respect to such Taxes were payable either to such Lender’s assignor immediately before such
Lender became a party hereto or to such Lender immediately before it changed its Applicable Lending
Office.

     (f) If the Borrower is required to pay additional amounts to or for the account of any Lender
(including the Administrative Agent in its capacity as a Lender) pursuant to this Section 8.04,
then such Lender will change the jurisdiction of one or more Applicable Lending Offices so as to
eliminate or reduce any such additional payment which may thereafter accrue if such change, in the
judgment of such Lender, does not result in an unreimbursed cost and is not otherwise
disadvantageous to such Lender.

     (g) If any party determines, in its sole discretion exercised in good faith, that it has
received a refund of any Taxes as to which it has been indemnified pursuant to this Section 8.04
(including additional amounts paid pursuant to this Section 8.04), it shall pay to the indemnifying
party an amount equal to such refund (but only to the extent of indemnity payments made under this
Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses
(including any Taxes) of such indemnified party and without interest (other than any interest paid
by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon
the request of such indemnified party, shall repay to such indemnified party the amount paid to
such indemnified party pursuant to the previous sentence (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority with respect to such refund) in the event
such indemnified party is required to repay such refund to such Governmental Authority.
Notwithstanding anything to the contrary in this Section 8.04(g), in no event will any indemnified
party be required to pay any amount to any indemnifying party pursuant to this Section 8.04(g) if
such payment would place such indemnified party in a less favorable position (on a net after-Tax
basis) than such indemnified party would have been in if the indemnification payments or additional
amounts giving rise to such refund had never been paid. This Section 8.04(g) shall not be construed
to require any indemnified party to make available its Tax returns (or any other information
relating to its Taxes which it deems confidential) to the indemnifying party or any other Person.

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     (h) Any Lender that is a “United States person” within the meaning of Section 7701(a)(30) of
the Internal Revenue Code shall deliver to the Borrower and the Administrative Agent on or prior to
the date on which such Lender becomes a Lender under this Agreement (and from time to time
thereafter upon the request of the Borrower or the Administrative Agent), executed originals of
Internal Revenue Service form W-9 certifying, to the extent such Lender is legally entitled to do
so, that such Lender is exempt from U.S. Federal backup withholding tax.

     (i) If a payment made to a Lender under this Agreement or any Assignment and Assumption would
be subject to U.S. federal withholding tax imposed by FATCA if such Lender were to fail to comply
with the applicable reporting requirements of FATCA (including those contained in Section 1471(b)
or 1472(b) of the Internal Revenue Code, as applicable), such Lender shall deliver to the Borrower
and the Administrative Agent at the time or times prescribed by law and at such time or times
reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by
applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code)
and such additional documentation reasonably requested by the Borrower or the Administrative Agent
as may be necessary for the Borrower and the Administrative Agent to comply with their obligations
under FATCA and to determine that such Lender has complied with such Lender’s obligations under
FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of
this Section 8.04(i), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement.

     (j) Each Lender shall severally indemnify (i) the Administrative Agent for any Taxes (but only
to the extent that the Borrower has not already indemnified the Administrative Agent for such Taxes
and without limiting the obligation of the Borrower to do so) and (ii) the Borrower for any Taxes
(other than Indemnified Taxes and Other Taxes), in each case attributable to such Lender that are
paid or payable by the Administrative Agent or the Borrower, respectively, in connection with this
Agreement, and any reasonable expenses arising therefrom or with respect thereto. This
indemnification shall be made within 15 days from the date the Administrative Agent or the
Borrower, respectively, makes demand therefor.

ARTICLE 9

Miscellaneous

     Section 9.01. Termination of Participation of a Lender; New Lenders. (a) Notwithstanding any
provision of this Agreement to the contrary (including Section 9.05 and Section 9.06), (1) upon
receipt of notice from any Lender for compensation or indemnification pursuant to Section 8.01(c)
or Section 8.04, (2) upon receipt of notice that the obligations of a Lender to make or maintain
Euro-

66

 

Dollar Loans has been suspended or (3) if a Lender shall become a Defaulting Lender, the
Borrower shall have the right to terminate the Commitment in full of such Lender (a “Retiring
Lender”) (if still in existence) and to prepay all outstanding Loans of such Lender. Such
termination and/or prepayment pursuant to this Section 9.01(a) shall be effective on the tenth
Domestic Business Day following the date of a notice thereof to the Retiring Lender through the
Administrative Agent, subject to the satisfaction of the following conditions:

     (i) in the event that on such effective date there shall be any Loan(s) of the
Retiring Lender outstanding hereunder, the Borrower shall
have prepaid on such date (x) the aggregate principal amount of such Loan(s) and (y)
if and to the extent necessary, an additional aggregate principal amount of the Revolving
Loans of the other Lenders such that, after giving effect to clause (iii) below, no
Lender’s Outstanding Revolving Committed Amount shall exceed its Revolving Commitment and
the Total Outstanding Revolving Amount shall not exceed the Total Revolving Commitments;

     (ii) in addition to the payment of the principal of the Loans held by the Retiring
Lender pursuant to clause (i) above, the Borrower shall have paid such Retiring Lender all
accrued interest thereon, and facility fee and any other amounts then payable to it
hereunder, including, without limitation, all amounts payable by the Borrower to such
Lender under Section 2.14 by reason of the prepayment of Loans pursuant to clause (i) with
respect to the period ending on such effective date; provided that the provisions of
Section 8.01, Section 8.04 and Section 9.04 shall survive for the benefit of any Retiring
Lender; and

     (iii) in the case of termination of a Revolving Commitment, the respective Letter of
Credit Liabilities of the Lenders shall be redetermined as of the effective date of such
termination.

     Upon satisfaction of the conditions set forth in clauses (i), (ii) and (iii) above, such
Lender shall cease to be a Lender hereunder.

     (b) In lieu of the termination of a Lender’s Commitment and/or prepayments of its Loans
pursuant to Section 9.01(a), the Borrower may notify the Administrative Agent that the Borrower
desires to replace such Retiring Lender with a new bank or banks (which may be one or more of the
Lenders), which will purchase the Loans and (in the case of a Revolving Lender) assume the
Commitment and Letter of Credit Liabilities of the Retiring Lender. Upon the Borrower’s selection
of a bank to replace a Retiring Lender, such bank’s agreement thereto and the fulfillment of the
conditions to assignment and assumption set forth in Section 9.08(c)(iii) such bank shall become a
Lender hereunder for all purposes in accordance with Section 9.08(c)(iii).

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     Section 9.02. Notices. (a) All notices, requests and other communications to any party
hereunder shall be in writing (including bank wire, telex, facsimile transmission or similar
writing) and shall be given to such party: (i) in the case of the Borrower or the Administrative
Agent, at its address, facsimile number or telex number set forth on the signature pages hereof,
(ii) in the case of any Lender, at its address, facsimile number or telex number set forth in its
Administrative Questionnaire or (iii) in the case of any party, such other address, facsimile
number or telex number as such party may hereafter specify for the purpose by notice to the
Administrative Agent and the Borrower. Each such notice, request or other communication shall be
effective (x) if given by telex, when such telex is transmitted to the telex number specified in
this Section and
the appropriate answerback is received, (y) if given by facsimile transmission, when
transmitted to the facsimile number specified in this Section and confirmation of receipt is
received or (z) if given by any other means, when delivered at the address specified in this
Section.

     (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communication (including e-mail and Internet or intranet websites) pursuant to
procedures approved by the Administrative Agent, provided that the foregoing shall not apply to
notices to any Lender pursuant to Article 2 if such Lender has notified the Administrative Agent
that it is incapable of receiving notices under such Article by electronic communication. The
Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it,
provided that approval of such procedures may be limited to particular notices or communications.

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

     Section 9.03. No Waivers. No failure or delay by either Administrative Agent or any Lender
in exercising any right, power or privilege hereunder or under any Note shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. The rights and remedies herein
provided shall be cumulative and not exclusive of any rights or remedies provided by law.

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     Section 9.04. Expenses; Indemnification. (a) The Borrower shall pay (i) reasonable,
documented out-of-pocket expenses, including the reasonable fees and expenses of special counsel
for the Administrative Agent in connection with the preparation of this Agreement and (ii) if an
Event of Default occurs, all reasonable, documented out-of-pocket expenses incurred by the
Administrative Agent and the Lenders, including reasonable fees and expenses of counsel, in
connection with such Event of Default and collection and other enforcement proceedings resulting
therefrom.

     (b) The Borrower agrees to indemnify the Administrative Agent and each Lender, their
respective affiliates and the respective directors, officers,
Administrative Agents and employees of the foregoing (each an “Indemnitee”) and hold each
Indemnitee harmless from and against any and all liabilities, losses, damages, costs and reasonable
expenses of any kind, including, without limitation, the reasonable, documented fees and
disbursements of counsel, incurred by such Indemnitee in response to or in defense of any
investigative, administrative or judicial proceeding brought or threatened against the
Administrative Agent or any Lender relating to or arising out of this Agreement or any actual or
proposed use of proceeds of Loans; provided that no Indemnitee shall have the right to be
indemnified hereunder (i) to the extent such indemnification relates to relationships between or
among each of, or any of, the Administrative Agent, the Lenders or any Assignee or Participant or
(ii) for such Indemnitee’s own gross negligence or willful misconduct or any bad faith breach by
such Indemnitee of any of its material obligations hereunder as determined by a court of competent
jurisdiction.

     Section 9.05. Pro Rata Treatment. Except as expressly provided in this Agreement with
respect to Competitive Bid Loans or otherwise, (a) each borrowing from, and change in the
Commitments of, the Lenders shall be made pro rata according to their respective Commitments, and
(b) each payment and prepayment on any Group of Loans shall be made to all applicable Lenders, pro
rata in accordance with the unpaid principal amount of such Loans held by each of them.

     Section 9.06. Sharing of Set-offs. Each Lender agrees that if it shall, by exercising any
right of set-off or counterclaim or otherwise, receive payment of a proportion of the aggregate
amount then due with respect to the Loans and Letter of Credit Liabilities held by it which is
greater than the proportion received by any other Lender in respect of the aggregate amount then
due with respect to the Loans and Letter of Credit Liabilities held by such other Lender, the
Lender receiving such proportionately greater payment shall purchase such participations in the
Loans and Letter of Credit Liabilities held by the other Lenders, and such other adjustments shall
be made, as may be required so that all such payments shall be shared by the Lenders pro rata;
provided nothing in this Section shall impair the right of any Lender to exercise any right of
set-off or counterclaim it may have and to apply the amount subject to such exercise to the payment
of indebtedness of the Borrower other than its indebtedness under this Agreement.

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     Section 9.07. Amendments and Waivers. Any provision of this Agreement or the Notes may be
amended or waived if, but only if, such amendment or waiver is in writing and is signed by the
Borrower and the Required Lenders (and, if the rights or duties of any Agent or Issuing Lender are
affected thereby, by it). Notwithstanding the foregoing,

     (a) no such amendment or waiver shall, unless signed by all affected Lenders (other than any
Defaulting Lender if and as provided in Section 2.17 or as otherwise set forth in this Section
9.07),

     (i) increase any Commitment,

     (ii) reduce the principal of or rate of interest on any Loan or the amount to be
reimbursed in respect of any Letter of Credit or any interest thereon or any fees
hereunder,

     (iii) postpone the date fixed for any payment of principal of or interest on any loan
or for reimbursement in respect of any Letter of Credit or interest thereon or any fees
hereunder or for termination of any Commitment;

     (iv) amend Section 9.08(c) to impose any additional requirements for Lender
assignments;

     (v) subordinate the obligations of the Borrower hereunder in right of payment to any
other Debt of the Borrower; or

     (vi) amend this Section 9.07, or any defined term used herein, so as to change the
percentage of the aggregate amount of Credit Exposures which shall be required for the
Lenders or any of them to take any action under this Section or any other provision of
this Agreement;

     (b) any amendment or waiver which affects solely the rights and obligations of the Revolving
Lenders (including without limitation any amendment or waiver of the conditions specified in
Section 3.02 at any time subsequent to the Effective Date) shall be effective if and only if such
amendment or waiver is in writing and is signed by the Borrower and the Required Revolving Lenders;

     (c) any amendment or waiver which affects solely the rights and obligations of the Term
Lenders shall be effective if and only if such amendment or waiver is in writing and is signed by
the Borrower and the Required Term Lenders;

     (d) this Agreement may be amended with the written consent of the Administrative Agent, the
Borrower and the Lenders providing the relevant Replacement Revolving Credit Facility (as defined
below) to permit the

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refinancing or replacement of all Revolving Commitments with a replacement
facility under this Agreement (a “Replacement Revolving Credit Facility”); provided that (a) the
aggregate amount of commitments under such Replacement Revolving Credit Facility shall not exceed
the aggregate amount of the replaced Revolving Commitments, (b) the maturity date of such
Replacement Revolving Credit Facility shall not be earlier than the Termination Date and (c) the
terms of such Replacement Revolving Credit Facility shall not adversely affect the Term Loans (it
being agreed that the pricing terms of a Replacement Revolving Credit Facility shall not be deemed
to adversely affect the Term Loans). The Administrative Agent shall not unreasonably withhold its
consent to a Replacement Revolving Credit Facility. For the avoidance of doubt, a
Replacement Revolving Credit Facility shall not require the consent of any Person other than
the Administrative Agent, the Borrower and the Lenders providing such Replacement Revolving Credit
Facility;

     (e) this Agreement may be amended with the written consent of the Administrative Agent, the
Borrower and the Lenders providing the relevant Replacement Term Facility (as defined below) to
permit the refinancing of all Term Loans with a replacement facility under this Agreement (a
“Replacement Term Facility”); provided that (a) the aggregate amount of loans under such
Replacement Term Facility shall not exceed the aggregate amount of the refinanced Term Loans, (b)
the maturity date and weighted average life of such Replacement Term Facility shall not be earlier
or shorter than the refinanced Term Loans and (c) the terms of such Replacement Term Facility shall
not adversely affect the Revolving Credit Exposures (it being agreed that the pricing terms of a
Replacement Term Facility shall not be deemed to adversely affect the Revolving Credit Exposures).
The Administrative Agent shall not unreasonably withhold its consent to a Replacement Term
Facility. For the avoidance of doubt, a Replacement Term Facility shall not require the consent of
any Person other than the Administrative Agent, the Borrower and the Lenders providing such
Replacement Term Facility; and

     (f) The Borrower may, by written notice to the Administrative Agent from time to time, make
one or more offers (each, a “Loan Modification Offer”) to all Revolving Lenders or Term Lenders, as
applicable, to make one or more amendments or modifications to (A) allow the maturity and scheduled
amortization of the Loans and/or Commitments of Accepting Lenders (as defined below) to be extended
and (B) increase the pricing with respect to the Loans and Commitments of the Accepting Lenders
(“Permitted Amendments”) pursuant to procedures reasonably specified by the Administrative Agent
and reasonably acceptable to the Borrower. Such notice shall set forth (i) the terms and
conditions of the requested Permitted Amendment and (ii) the date on which such Permitted Amendment
is requested to become effective. Permitted Amendments shall become
effective only with respect to
the Loans and/or Commitments of the Lenders that accept the applicable Loan Modification Offer
(such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with

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 respect
to such Lender’s Loans and/or Commitments as to which such Lender’s acceptance has been made. The
Borrower and each Accepting Lender shall execute and deliver to the Administrative Agent an
agreement containing the terms of the Permitted Amendments (a “Loan Modification Agreement”) and
such other documentation as the Administrative Agent shall reasonably specify to evidence the
acceptance of the Permitted Amendments and the terms and conditions thereof. The Administrative
agent shall promptly notify each Lender as to the effectiveness of each Loan Modification
Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any Loan
Modification Agreement, this Agreement shall be deemed amended to the extent (but only to the
extent) necessary to reflect the existence and terms of the Permitted Amendment evidenced thereby
and only with respect to the Loans and Commitments of the Accepting Lenders as to which such Lenders’ acceptance has been made.

     Section 9.08. Successors and Assigns; Participations; Novation. (a) This Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns; provided that, except in accordance with Section 5.04 and 5.07, the Borrower may not
assign or transfer any of its rights or obligations under this Agreement without the consent of all
Lenders.

     (b) Any Lender may, without the consent of the Borrower, but upon prior written notification
to the Borrower, at any time sell to one or more Eligible Institutions (each a “Participant”)
participating interests in any Loan owing to such Lender, any Note held by such Lender, the
Commitment of such Lender hereunder, the Letter of Credit Liabilities of such Lender and any other
interest of such Lender hereunder; provided that no prior notification to the Borrower is required
in connection with the sale of a participating interest in a Competitive Bid Loan. In the event of
any such sale by a Lender of a participating interest to a Participant, such Lender’s obligations
under this Agreement shall remain unchanged, such Lender shall remain solely responsible for the
performance thereof, such Lender shall remain the holder of its Note or Notes, if any, for all
purposes under this Agreement and the Borrower and the Administrative Agent shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under
this Agreement. Any agreement pursuant to which a Lender may grant such a participating interest
shall provide that such Lender shall retain the sole right and responsibility to enforce the
obligations of the Borrower hereunder including, without limitation, the right to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
participation agreement may provide that such Lender will not agree to any modification, amendment
or waiver of this Agreement described in clause (i), (ii) or (iii) of Section 9.07(a) affecting
such Participant without the consent of the Participant; provided further that such Participant
shall be bound by any waiver, amendment or other decision that all Lenders shall be required to
abide by pursuant to a vote by Required Lenders. Subject to the provisions of Section 9.08(d), the
Borrower agrees that each

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Participant shall, to the extent provided in its participation agreement,
be entitled (through the applicable Lender) to the benefits of Article 8 with respect to its
participating interest; provided that such Participant shall be subject to Section 9.10 as though
it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as
an agent of the Borrower, maintain a register on which it enters the name and address of each
Participant and the principal amounts (and stated interest) of each Participant’s interest in the
Loans or other obligations under this Agreement (the “Participant Register”); provided that no
Lender shall have any obligation to disclose all or any portion of the Participant Register to any
Person (including the identity of any Participant or any information relating to a Participant’s
interest in any commitments, loans, or its other obligations under this Agreement) except to the
extent that such disclosure is necessary to establish that such commitment, loan, or other
obligation is in registered form under Section 5f.103-(c) of the United States Treasury Regulations or, if
different under Sections 871(h) or 881(c) of the Internal Revenue Code. The entries in the
Participant Register shall be conclusive absent manifest error, and such Lender shall treat each
Person whose name is recorded in the Participant Register as the owner of such participation for
all purposes of this Agreement notwithstanding any notice to the contrary. An assignment or other
transfer which is not permitted by subsection (c) or (f) below shall be given effect for purposes
of this Agreement only to the extent of a participating interest granted in accordance with this
subsection (b).

     (c) (i) Any Lender may at any time sell to one or more Eligible Institutions (each an
“Assignee”) all or a portion of its rights and obligations under this Agreement and the Notes.
Each Assignee shall assume all such rights and obligations pursuant to an Assignment and Assumption
Agreement. In no event shall (A) the Credit Exposure of any Class of a transferor Lender or a
transferee Lender (together with the Credit Exposure of such Class of any affiliate of such
Lender), after giving effect to any sale pursuant to this subsection (c), be less than $5,000,000,
except as may result upon the transfer by a Lender of its Credit Exposure of any Class in its
entirety, or (B) any sale pursuant to this subsection (c) result in the transferee Lender (together
with its affiliates) holding more than 35% of the aggregate Credit Exposures, except to the extent
that the Borrower and the Administrative Agent’s consent to such sale.

     (ii) No interest may be sold by a Lender pursuant to this subsection (c) without the
prior written consent of the Administrative Agent, the Issuing Lenders (solely in the case
of Revolving Credit Exposure) and, so long as no Event of Default shall exist at the time,
the Borrower, which consents, in each case, shall not be unreasonably withheld, provided
however that sales to an affiliate of such Lender, or to another Lender, will not require
the consent of the Borrower. For the purposes of this subsection (c)(ii), the withholding
of consent by the Borrower shall not be deemed unreasonable if based solely upon the
Borrower’s desire to (A) balance relative loan exposures to such Eligible

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Institution
among all credit facilities of the Borrower or (B) avoid payment of any additional amounts
payable to such Eligible Institution under Article 8 which would arise from such
assignment. The Borrower shall be deemed to have consented to any such assignment unless
it shall object thereto by notice to the Administrative Agent within five Domestic
Business Days after having received notice thereof.

     (iii) Upon (A) execution of an Assignment and Assumption Agreement, (B) delivery by
the transferor Lender of an executed copy thereof, together with notice that the payment
referred to in clause (C) below shall have been made, to the Borrower and the
Administrative Agent and (C) payment by such Assignee to such transferor Lender of an
amount equal to the purchase price agreed between such transferor Lender and such
Assignee, such Assignee shall for all purposes be a Lender party
to this Agreement and shall have all the rights and obligations of a Lender under
this Agreement to the same extent as if it were an original party hereto with a Credit
Exposure as set forth in such Assignment and Assumption Agreement, and the transferor
Lender shall be released from its obligations hereunder to a correspondent extent, and no
further consent or action by the Borrower, the Lenders or the Administrative Agents shall
be required to effectuate such transfer. Each Assignee shall be bound by any waiver,
amendment or other decision that all Lenders shall be required to abide by pursuant to a
vote by Required Lenders.

     (iv) Upon the consummation of any transfer to an Assignee pursuant to this subsection
(c), the transferor Lender, the Administrative Agent and the Borrower shall make
appropriate arrangements so that, if requested by the transferor Lender or the Assignee, a
new Note or Notes shall be delivered from the Borrower to the transferor Lender and/or
such Assignee. In connection with any such assignment, the Assignee or the transferor
Lender shall pay to the Administrative Agent an administrative fee for processing such
assignment in the amount of $3,500.

     (d) No Assignee, Participant or other transferee (including any successor Applicable Lending
Office) of any Lender’s rights shall be entitled to receive any greater payment under Section 8.01
than such Lender would have been entitled to receive with respect to the rights transferred, unless
such transfer is made with the Borrower’s prior written consent or by reason of the provisions of
Section 8.01 or Section 8.03 requiring such Lender to designate a different Applicable Lending
Office under certain circumstances or at a time when the circumstances giving rise to such greater
payment did not exist.

     (e) Each Lender may, upon the written consent of the Borrower, which consent shall not be
unreasonably withheld, disclose to any Participant or Assignee (each a “Transferee”) and any
prospective Transferee any and all financial information in such Lender’s possession concerning the
Borrower that has been delivered to such Lender by the Borrower pursuant to this Agreement or

74

 

that
has been delivered to such Lender by the Borrower in connection with such Lender’s credit
evaluation prior to entering into this Agreement, subject in all cases to agreement by such
Transferee or prospective Transferee to comply with the provisions of Section 9.15.

     (f) Notwithstanding any provision of this Section 9.08 to the contrary, any Lender may assign
or pledge any of its rights and interests in the Loans to a Federal Reserve Bank without the
consent of the Borrower.

     Section 9.09. Visitation. Subject to restrictions imposed by applicable security clearance
regulations, the Borrower will upon reasonable notice permit representatives of any Lender at such
Lender’s expense to visit any of its major properties.

     Section 9.10. Collateral. Each of the Lenders represents to the Administrative Agent and
each of the other Lenders that it in good faith is not relying upon any “margin stock” (as defined
in Regulation U) as collateral in the extension or maintenance of the credit provided for in this
Agreement.

     Section 9.11. Reference Banks. If any Reference Bank assigns its rights and obligations
hereunder to an unaffiliated institution, the Borrower shall, in consultation with the
Administrative Agent, appoint another Lender to act as a Reference Bank hereunder. If any Lender
which is also a Reference Bank becomes a Retiring Lender pursuant to the terms of this Agreement,
the Borrower may, in consultation with the Administrative Agent, appoint a replacement Reference
Bank.

     Section 9.12. Governing Law; Submission to Jurisdiction. This Agreement and each Note shall
be governed by and construed in accordance with the internal laws of the State of New York. Each
of the Borrower, the Administrative Agent, the Auction Manager and the Lenders hereby submits to
the exclusive jurisdiction of the United States District Court for the Southern District of New
York and of any New York State Court sitting in New York for purposes of all legal proceedings
arising out of or relating to this Agreement or the transactions contemplated hereby. Each of the
Borrower, the Administrative Agent, the Auction Manager and the Lenders irrevocably waives, to the
fullest extent permitted by law, any objection which it may now or hereafter have to the laying of
the venue of any such proceeding brought in such a court and any claim that any such proceeding
brought in such a court has been brought in an inconvenient forum.

     Section 9.13. Counterparts; Integration. This Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument. This Agreement constitutes the entire agreement and
understanding among the parties hereto and supersedes any and all prior agreements and
understandings, oral or written, relating to the subject matter hereof.

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     Section 9.14. WAIVER OF JURY TRIAL. EACH OF THE BORROWER, THE AGENTS, THE AUCTION
MANAGER AND THE LENDERS HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

     Section 9.15. Confidentiality. Each Lender agrees, with respect to any information delivered
or made available by the Borrower to it that is clearly indicated to be confidential information or
private data, to use all reasonable efforts to protect such confidential information from
unauthorized use or disclosure and to restrict disclosure to only those Persons employed or
retained by such Lender who are or are expected to become engaged in evaluating, approving,
structuring or administering this Agreement and the transactions contemplated hereby. Nothing
herein shall prevent any Lender from disclosing such information (i) to any other Lender, (ii) to
its affiliates, officers, directors, employees, agents, attorneys and accountants who have a need
to know such information in accordance with customary banking practices and who receive such
information having been made aware of and having agreed to the restrictions set forth in this
Section, (iii) upon the order of any court or administrative agency, (iv) upon the request or
demand of any regulatory agency or authority having jurisdiction over such Lender, (v) which has
been publicly disclosed, (vi) to the extent reasonably required in connection with any litigation
to which any Agent or Lender, the Borrower or their respective affiliates may be a party, (vii) to
the extent reasonably required in connection with the exercise of any remedy hereunder, (viii) to
any direct, indirect, actual or prospective counterparty (and its advisor) to any swap, derivative
or securitization transaction related to the obligations under this Agreement, provided that such
person agree to be bound by the terms provided in this paragraph, and (ix) with the prior written
consent of the Borrower; provided however, that before any disclosure is permitted under (iii) or
(vi) of this Section 9.15, each Lender shall, if not legally prohibited, notify and consult with
the Borrower, promptly and in a timely manner, concerning the information it proposes to disclose,
to enable the Borrower to take such action as may be appropriate under the circumstances to protect
the confidentiality of the information in question, and provided further that any disclosure under
the foregoing proviso be limited to only that information discussed with the Borrower. The use of
the term “confidential” in this Section 9.15 is not intended to refer to data classified by the
government of the United States under laws and regulations relating to the handling of data, but is
intended to refer to information and other data regarded by the Borrower as private.

     Section 9.16. USA Patriot Act. Each Lender hereby notifies the Borrower that pursuant to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies
the Borrower, which information includes the name and address of the Borrower and other information
that will allow such Lender to identify the Borrower in accordance with the Patriot Act.

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

	 	 	 	 	 
	 	MARTIN MARIETTA MATERIALS, INC.

 	 
	 	By:  	/s/ Anne H. Lloyd
 	 
	 	 	Name:  	Anne H. Lloyd 	 
	 	 	Title:  	EVP, CFO and Treasurer

 	 
	 
	 
	Address:
	2710 Wycliff Road

Raleigh, NC 27607
	

	 
	 
	Facsimile:
	 919-510-4700
	

	 
	 	JPMORGAN CHASE BANK, N.A.

as Administrative Agent

 	 
	 	By:  	/s/ Aized A. Rabbani
 	 
	 	 	Name:  	Aized A. Rabbani 	 
	 	 	Title:  	Vice President
 	 
	 
	 
	Address:
	Attn:  Loan Agency Group

1111 Fannin

Houston, Texas 77002
	 

	 
	 
	 Facsimile:
	 713-750-2452
	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

as Lender

 	 
	 	By:  	/s/ Aized A. Rabbani
 	 
	 	 	Name:  	Aized A. Rabbani 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A.

as Co-Syndication Agent and Lender

 	 
	 	By:  	/s/ Andrew G. Payne
 	 
	 	 	Name:  	Andrew G. Payne 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	SUNTRUST BANK

as Lender

 	 
	 	By:  	/s/ Baerbel Freudenthaler
 	 
	 	 	Name:  	Baerbel Freudenthaler 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	BRANCH BANKING AND TRUST COMPANY

as Co-Syndication Agent and Lender

 	 
	 	By:  	/s/ Jack M. Frost
 	 
	 	 	Name:  	Jack M. Frost 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.

as Co-Syndication Agent and Lender

 	 
	 	By:  	/s/ Chris Burns
 	 
	 	 	Name:  	Chris Burns 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	CITIBANK, N.A.

as Lender

 	 
	 	By:  	/s/ Timicka C. Anderson
 	 
	 	 	Name:  	Timicka C. Anderson 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH

as Lender

 	 
	 	By:  	/s/ Frederick W. Laird
 	 
	 	 	Name:  	Frederick W. Laird 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	/s/ Edward D. Herko
 	 
	 	 	Name:  	Edward D. Herko 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	The Northern Trust Company

as Lender

 	 
	 	By:  	/s/ Sara Bravo
 	 
	 	 	Name:  	Sara Bravo 	 
	 	 	Title:  	Second Vice President 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	COMERICA BANK

as Lender

 	 
	 	By:  	/s/ Clayton R. Vanderpool
 	 
	 	 	Name:  	Clayton R. Vanderpool 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	Regions Bank

as Lender

 	 
	 	By:  	/s/ Anthony LeTrent
 	 
	 	 	Name:  	Anthony LeTrent 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

COMMITMENT SCHEDULE

	 	 	 	 	 	 	 	 	 
	 	 	Revolving	 	Term
	Lender	 	Commitment	 	Commitment
	JPMorgan Chase Bank, N.A.
	 	$	46,666,667	 	 	$	33,333,333	 
	Wells Fargo Bank, N.A.
	 	$	46,666,667	 	 	$	33,333,333	 
	SunTrust Bank
	 	$	46,666,667	 	 	$	33,333,333	 
	Branch Banking and Trust Company
	 	$	46,666,667	 	 	$	33,333,333	 
	Bank of America, N.A.
	 	$	46,666,667	 	 	$	33,333,333	 
	Citibank, N.A.
	 	$	29,166,667	 	 	$	20,833,333	 
	Deutsche Bank AG New York Branch
	 	$	29,166,667	 	 	$	20,833,333	 
	The Northern Trust Company
	 	$	29,166,667	 	 	$	20,833,333	 
	Comerica Bank
	 	$	14,583,333	 	 	$	10,416,667	 
	Regions Bank
	 	$	14,583,333	 	 	$	10,416,667	 
	Total
	 	$	350,000,000	 	 	$	250,000,000	 

 

 

PRICING SCHEDULE

     Each of “Facility Fee Rate”, “Base Rate Margin”, “Euro-Dollar Margin” and “Letter of Credit
Fee Rate” means, for any day, the rate set forth below (in basis points per annum) in the row
opposite such term and in the column corresponding to the Pricing Level that apply for such day:

     Revolving Commitments and Loans:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Pricing Level	 	Level I	 	Level II	 	Level III	 	Level IV	 	Level V
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Facility Fee Rate
	 	 	17.5	 	 	 	20.0	 	 	 	25.0	 	 	 	30.0	 	 	 	45.0	 
	Base Rate Margin
	 	 	7.5	 	 	 	30.0	 	 	 	37.5	 	 	 	70.0	 	 	 	105.0	 
	Euro-Dollar Margin
	 	 	107.5	 	 	 	130.0	 	 	 	137.5	 	 	 	170.0	 	 	 	205.0	 
	Letter of Credit Fee Rate
	 	 	107.5	 	 	 	130.0	 	 	 	137.5	 	 	 	170.0	 	 	 	205.0	 

     Term Loans:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Pricing Level	 	Level I	 	Level II	 	Level III	 	Level IV	 	Level V
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Base Rate Margin
	 	 	25.0	 	 	 	50.0	 	 	 	62.5	 	 	 	100.0	 	 	 	150.0	 
	Euro-Dollar Margin
	 	 	125.0	 	 	 	150.0	 	 	 	162.5	 	 	 	200.0	 	 	 	250.0	 

     For purposes of this Schedule, the following terms have the following meanings, subject
to the further provisions of this Schedule:

     “Level I Pricing” applies at any date if, at such date, the Borrower’s long-term debt is rated
A- or higher by S&P or A3 or higher by Moody’s.

     “Level II Pricing” applies at any date if, at such date, (i) the Borrower’s long-term debt is
rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) Level I Pricing does not exist.

     “Level III Pricing” applies at any date if, at such date, (i) the Borrower’s long-term debt is
rated BBB or higher by S&P or Baa2 or higher by Moody’s and (ii) neither Level I Pricing nor Level
II Pricing exists.

     “Level IV Pricing” applies at any date if, at such date, (i) the Borrower’s long-term debt is
rated BBB- or higher by S&P or Baa3 or higher by Moody’s and (ii) none of Level I Pricing, Level II
Pricing and Level III Pricing exists.

     “Level V Pricing” applies at any date if, at such date, no other Pricing Level applies.

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

     “Pricing Level” refers to the determination of which of Level I, Level II, Level III, Level IV
or Level V applies at any date.

 

 

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

     The credit ratings to be utilized for purposes of this Schedule are those assigned to the
senior unsecured long-term debt securities of the Borrower without third-party credit enhancement,
and any rating assigned to any other debt security of the Borrower shall be disregarded. In the
case of split ratings from Moody’s and S&P, the Pricing Level will be determined on the basis of
the higher rating, provided that if the split is more than one notch, then the Pricing Level will
be determined on the basis of a rating one notch below the higher rating. The ratings in effect
for any day are those in effect at the close of business on such day. The ratings in effect for
any day are those in effect at the close of business on such day, and the Euro-Dollar Margin and
Facility Fee Rate may change from time to time during any Interest Period as a result of changes in
the Pricing Level during such Interest Period.

 

 

Schedule 5.11(c)

Investments

None.

 

 

Schedule 5.11(d)

Related Businesses

Composite technology

Ready mixed concrete

Asphalt

Laydown

Construction

Recycled materials

Rail-related products and services

Trucking/transportation/rail cars and related equipment

Loading/unloading services

Technical services

Wind/water/alternative energy

 

 

EXHIBIT A-1

TERM NOTE

New York, New York

________ ___, 20__

     For value received, Martin Marietta Materials, Inc., a North Carolina corporation (the
“Borrower”), promises to pay to the order of
______________________
(the “Term Lender”), for the
account of its Applicable Lending Office, the unpaid principal of each Term Loan made by the Term
Lender to the Borrower pursuant to the Credit Agreement referred to below in the amounts and on the
dates provided for in the Credit Agreement. The Borrower promises to pay interest on the unpaid
principal amount of each such Term Loan on the dates and at the rate provided for in the Credit
Agreement. All such payments of principal and interest shall be made in lawful money of the United
States in Federal or other immediately available funds at the office of JPMorgan Chase Bank, N.A.,
[One Chase Manhattan Plaza,] New York, New York.

     All Term Loans made by the Term Lender, the respective types thereof and all repayments of the
principal thereof shall be recorded by the Term Lender and, if the Term Lender so elects in
connection with any transfer or enforcement hereof, appropriate notations to evidence the foregoing
information with respect to each such Term Loan then outstanding may be endorsed by the Lender on
the schedule attached hereto, or on a continuation of such schedule attached to and made a part
hereof; provided that the failure of the Term Lender to make any such recordation or endorsement
shall not affect the obligations of the Borrower hereunder or under the Credit Agreement.

     This note is one of the Term Notes referred to in the Credit Agreement dated as of March 31,
2011 (as the same may be amended from time to time, the “Credit Agreement”) among Martin Marietta
Materials, Inc., the Lenders from time to time parties thereto, JPMorgan Chase Bank, N.A., as
Administrative Agent, and Wells Fargo Bank, N.A., Branch Banking and Trust Company, SunTrust Bank
and Bank of America, N.A., as Co-Syndication Agents. Terms defined in the Credit Agreement are
used herein with the same meanings. Reference is made to the Credit Agreement for provisions for
the prepayment hereof and the acceleration of the maturity hereof.

	 	 	 	 	 
	 	MARTIN MARIETTA MATERIALS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

A-1-1

 

TERM LOANS AND PAYMENTS OF PRINCIPAL

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Type of	 	Amount of	 	 	 	Notation
	Amount	 	Date	 	Term Loan	 	Term Loan	 	Principal Repaid	 	Made By
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

A-1-2 

 

EXHIBIT A-2

REVOLVING CREDIT NOTE

New York, New York

___________ __, 20__

     For value received, Martin Marietta Materials, Inc., a North Carolina corporation (the
“Borrower”), promises to pay to the order of ______________________ (the “Revolving Lender”), for
the account of its Applicable Lending Office, the unpaid principal amount of each Revolving [and
Competitive Bid] Loan made by the Revolving Lender to the Borrower pursuant to the Credit Agreement
referred to below on the maturity date provided for in the Credit Agreement. The Borrower promises
to pay interest on the unpaid principal amount of each such Revolving [and Competitive Bid] Loan on
the dates and at the rate or rates provided for in the Credit Agreement. All such payments of
principal and interest shall be made in lawful money of the United States in Federal or other
immediately available funds at the office of JPMorgan Chase Bank, N.A., [One Chase Manhattan
Plaza,] New York, New York.

     All Revolving [and Competitive Bid] Loans made by the Revolving Lender, the respective types
thereof and all repayments of the principal thereof shall be recorded by the Revolving Lender and,
if the Revolving Lender so elects in connection with any transfer or enforcement hereof,
appropriate notations to evidence the foregoing information with respect to each such Revolving
[and Competitive Bid] Loan then outstanding may be endorsed by the Revolving Lender on the schedule
attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided
that the failure of the Revolving Lender to make any such recordation or endorsement shall not
affect the obligations of the Borrower hereunder or under the Credit Agreement.

     This note is one of the Revolving Credit Notes referred to in the Credit Agreement dated as of
March 31, 2011 (as the same may be amended from time to time, the “Credit Agreement”) among Martin
Marietta Materials, Inc., the Lenders from time to time parties thereto, JPMorgan Chase Bank, N.A.,
as Administrative Agent, and Wells Fargo Bank, N.A., Branch Banking and Trust Company, SunTrust
Bank and Bank of America, N.A., as Co-Syndication Agents. Terms defined in the Credit Agreement
are used herein with the same meanings. Reference is made to the Credit Agreement for provisions
for the prepayment hereof and the acceleration of the maturity hereof.

	 	 	 	 	 
	 	MARTIN MARIETTA MATERIALS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

A-2-1 

 

REVOLVING LOANS AND PAYMENTS OF PRINCIPAL

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Type of	 	Amount of	 	 	 	Notation
	Amount	 	Date	 	Revolving Loan	 	Revolving Loan	 	Principal Repaid	 	Made By
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

A-2-2 

 

EXHIBIT B — Competitive Bid Quote Request

Form of Competitive Bid Quote Request

[Date]

	To:  	 	JPMorgan Chase Bank, N.A. (the “Administrative Agent”)
	 
	From: 	 	Martin Marietta Materials, Inc.
	 
	Re:  	 	Credit Agreement dated as of March 31, 2011 (as the same may be
amended from time to time, the “Credit Agreement”) among Martin
Marietta Materials, Inc., the Lenders from time to time parties
thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and
Wells Fargo Bank, N.A., Branch Banking and Trust Company, SunTrust
Bank and Bank of America, N.A., as Co-Syndication Agents

     We hereby give notice pursuant to Section 2.03 of the Credit Agreement that we request
Competitive Bid Quotes for the following proposed Competitive Bid Borrowing(s):

     Date of Borrowing: __________________

	 	 	 	 	 
	Principal Amount*	 	 	Interest Period**
	$
	 	 	 	 

     Such Competitive Bid Quotes should offer a Competitive Bid [Margin] [Absolute Rate]. [The
applicable base rate is the London Interbank Offered Rate.]

     Terms used herein have the meanings assigned to them in the Credit Agreement.

	 	 	 	 	 
	 	MARTIN MARIETTA MATERIALS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

			
	*	 	Amount must be $5,000,000 or a larger multiple
of $1,000,000.
	 
	**	 	Not less than one month (LIBOR Auction) or
not less than seven days (Absolute Rate Auction), subject to the provisions of
the definition of Interest Period.

B-1 

 

EXHIBIT C— Invitation for Competitive Bid Quotes

Form of Invitation for Competitive Bid Quotes

	To:  	 	[Name of Revolving Lender]
	 
	Re:  	 	Invitation for Competitive Bid Quotes to Martin Marietta Materials,
Inc.
(the “Borrower”)

     Pursuant to Section 2.03 of the Credit Agreement dated as of March 31, 2011 (as the same may
be amended from time to time, the “Credit Agreement”) among Martin Marietta Materials, Inc., the
Lenders from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and
Wells Fargo Bank, N.A., Branch Banking and Trust Company, SunTrust Bank and Bank of America, N.A.,
as Co-Syndication Agents, we are pleased on behalf of the Borrower to invite you to submit
Competitive Bid Quotes to the Borrower for the following proposed Competitive Bid Borrowing(s):

     Date of Borrowing: __________________

	 	 	 	 	 
	Principal Amount	 	 	Interest Period
	$
	 	 	 	 

     Such Competitive Bid Quotes should offer a Competitive Bid [Margin] [Absolute Rate]. [The
applicable base rate is the London Interbank Offered Rate.]

     Please respond to this invitation by no later than [2:00 P.M.] [9:30 A.M.] (New York City
time) on [date].

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Authorized Officer 	 
	 	 	 	 
	 

C-1 

 

EXHIBIT D — Competitive Bid Quote

Form of Competitive Bid Quote

	To:  	 	JPMorgan Chase Bank, N.A., as Administrative Agent
	 
	Re: 	 	 Competitive Bid Quote to Martin Marietta Materials, Inc. (the
“Borrower”)

     In response to your invitation on behalf of the Borrower dated _____________, 20__, we hereby
make the following Competitive Bid Quote on the following terms:

	 	 	Quoting Revolving Lender: ______________________

	 	 	Person to contact at Quoting Revolving Lender:

	 	 	____________________________

	 	 	Date of Borrowing: ____________________*

We hereby offer to make Competitive Bid Loan(s) in the following principal
amounts, for the following Interest Periods and at the following rates:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Competitive Bid	 	Absolute
	Principal Amount**	 	Interest Period***	 	Margin****	 	Rate*****
	$
	 	 	 	 	 	 	 	 	 	 	 	 
	$
	 	 	 	 	 	 	 	 	 	 	 	 

[Provided, that the aggregate principal amount of Competitive Bid Loans for
which the above offers may be accepted shall not exceed $___________.]**

 

			
	*	 	As specified in the related Invitation.
	 
	**	 	Principal amount bid for each Interest Period
may not exceed principal amount requested. Specify aggregate limitation if the
sum of the individual offers exceeds the amount the Lender is willing to lend.
Bids must be made for $5,000,000 or a larger multiple of $1,000,000.
	 
	***	 	Not less than one month (LIBOR Auction) or
not less than seven days (Absolute Rate Auction), as specified in the related
Invitation. No more than five bids are permitted for each Interest Period.
	 
	****	 	Margin over or under the London Interbank
Offered Rate determined for the applicable Interest Period. Specify percentage
(to the nearest 1/10,000 of 1%) and specify whether “PLUS” or “MINUS”.
	 
	*****	 	Specify rate of interest per annum (to the
nearest 1/10,000th of 1%).

D-1 

 

     We understand and agree that the offer(s) set forth above, subject to the satisfaction of the
applicable conditions set forth in the Credit Agreement dated as of March 31, 2011 (as the same may
be amended from time to time, the “Credit Agreement”) among Martin Marietta Materials, Inc., the
Lenders from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and
Wells Fargo Bank, N.A., Branch Banking and Trust Company, SunTrust Bank and Bank of America, N.A.,
as Co-Syndication Agents irrevocably obligates us to make the Competitive Bid Loan(s) for which any
offer(s) are accepted, in whole or in part.

	 	 	 	 	 	 	 	 

	 	 	 	 	Very truly yours,
	 
	 	 	 	 	 	 
	 	 	 	 	[NAME OF BANK]
	 
	 	 	 	 	 	 
	By:

	 	 	 	By: 	 	 
	 

	 	 
	 	 	 
	 

	 	 	 	 	Authorized Officer	 

D-2 

 

EXHIBIT E — Assignment and Assumption Agreement

ASSIGNMENT AND ASSUMPTION AGREEMENT

     AGREEMENT
dated as of _________,
20__ among [ASSIGNOR] (the
“Assignor”), [ASSIGNEE] (the
“Assignee”), MARTIN MARIETTA MATERIALS, INC. (the “Borrower”), JPMORGAN CHASE BANK, N.A., as
Administrative Agent (the “Administrative Agent”) and [ISSUING LENDER(S)], as Issuing Lender(s).

WITNESSETH

     WHEREAS, this Assignment and Assumption Agreement (the “Agreement”) relates to the Credit
Agreement dated as of March 31, 2011 (as the same may be amended from time to time, the “Credit
Agreement”) among Martin Marietta Materials, Inc., the Lenders from time to time parties thereto,
JPMorgan Chase Bank, N.A., as Administrative Agent, and Wells Fargo Bank, N.A., Branch Banking and
Trust Company, SunTrust Bank and Bank of America, N.A., as Co-Syndication Agents;

     WHEREAS, as provided under the Credit Agreement, the Assignor has a Commitment to make Loans
[and participate in Letters of Credit] in an aggregate principal amount at any time outstanding not
to exceed $___,000,000;

     WHEREAS, [Revolving][Term] Loans made to the Borrower by the Assignor under the Credit
Agreement in the aggregate principal amount of $__________ are outstanding at the date hereof;

     [WHEREAS, Letters of Credit with a total principal amount available for drawing thereunder of
$__________ are outstanding at the date hereof]; and

     WHEREAS, the Assignor proposes to assign to the Assignee all of the rights of the Assignor
under the Credit Agreement in respect of a portion of its [Term Loans][Revolving Commitment]
thereunder in an amount equal to $__________ (the “Assigned Amount”), [together with a
corresponding portion of its outstanding Revolving Loans and Letter of Credit Liabilities,] and the
Assignee proposes to accept assignment of such rights and assume the corresponding obligations from
the Assignor on such terms;

     NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein,
the parties hereto agree as follows:

     Section 1. Definitions. All capitalized terms not otherwise defined herein shall have the
respective meanings set forth in the Credit Agreement.

     Section 2. Assignment. The Assignor hereby assigns and sells to the Assignee all of the
rights of the Assignor under the Credit Agreement to the extent of the Assigned Amount, and the
Assignee hereby accepts such assignment

E-1 

 

from the Assignor and assumes all of the obligations of the Assignor under the Credit
Agreement to the extent of the Assigned Amount, including the purchase from the Assignor of the
corresponding portion of the principal amount of the [Revolving][Term] Loans made by, [and Letter
of Credit Liabilities of,] the Assignor outstanding at the date hereof. Upon the execution and
delivery hereof by the Assignor, the Assignee, the Borrower and the Administrative Agent and the
payment of the amounts specified in Section 3 required to be paid on the date hereof [(i)] the
Assignee shall, as of the date hereof, succeed to the rights and be obligated to perform the
obligations of a [Revolving][Term] Lender under the Credit Agreement with a [Revolving
Commitment][Term Loan] in an amount equal to the Assigned Amount, [and (ii) the Revolving
Commitment of the Assignor shall, as of the date hereof, be reduced by a like amount] and the
Assignor released from its obligations under the Credit Agreement to the extent such obligations
have been assumed by the Assignee. The assignment provided for herein shall be without recourse to
the Assignor.

     Section 3. Payments. As consideration for the assignment and sale contemplated in Section 2
hereof, the Assignee shall pay to the Assignor on the date hereof in immediately available funds
the amount heretofore agreed between them.* [It is understood that facility and Letter
of Credit fees accrued to the date hereof in respect of the Assigned Amount are for the account of
the Assignor and such fees accruing from and including the date hereof are for the account of the
Assignee.] Each of the Assignor and the Assignee hereby agrees that if it receives any amount
under the Credit Agreement which is for the account of the other party hereto, it shall receive the
same for the account of such other party to the extent of such other party’s interest therein and
shall promptly pay the same to such other party.

     [Section 4. Consents. This Agreement is conditioned upon the consent of the Borrower, the
Issuing Lenders and the Administrative Agent pursuant to Section 9.08 of the Credit Agreement;
provided, if an Assignee is (i) any Person which controls, is controlled by, or is under common
control with, or is otherwise substantially affiliated with such transferor Lender or (ii) another
Lender, no such consent of the Borrower or the Administrative Agent shall be required. The
execution of this Agreement by the Borrower, the Issuing Lenders and the Administrative Agent, as
applicable, is evidence of this consent.]

     Section 5. Non-Reliance on Assignor. The Assignor makes no representation or warranty in
connection with, and shall have no responsibility

 

			
	*	 	Amount should combine principal together with
accrued interest and breakage compensation, if any, to be paid by the Assignee,
net of any portion of any upfront fee to be paid by the Assignor to the
Assignee. It may be preferable in an appropriate case to specify these amounts
generically or by formula rather than as a fixed sum.

E-2 

 

with respect to, the solvency, financial condition or statements of the Borrower or the validity and enforceability
of the obligations of the Borrower in respect of the
Credit Agreement or any [Term][Revolving Credit] Note. The Assignee acknowledges that it has,
independently and without reliance on the Assignor, and based on such documents and information as
it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement
and will continue to be responsible for making its own independent appraisal of the business,
affairs and financial condition of the Borrower.

     Section 6. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York.

     Section 7. Counterparts. This Agreement may be signed in any number of counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were upon
the same instrument.

E-3 

 

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

	 	 	 	 	 
	 	[ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	[ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

     The undersigned consent to the foregoing assignment:

	 	 	 	 	 
	 	MARTIN MARIETTA MATERIALS, INC.

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	[ISSUING LENDER

 	 
	 	By:  	 	 
	 	 	Title:] 	 
	 	 	 	 
	 

E-4 

 

EXHIBIT F

FORM OF COMPLIANCE CERTIFICATE

JPMorgan Chase Bank, N.A.

   as Administrative Agent

Attention: _____________

	 	Re: 	 	 Compliance Certificate

Ladies and Gentlemen:

     Reference is made to the Credit Agreement dated as of March 31, 2011 among Martin Marietta
Materials, Inc., the Lenders from time to time parties thereto, JPMorgan Chase Bank, N.A., as
Administrative Agent, and Wells Fargo Bank, N.A., Branch Banking and Trust Company, SunTrust Bank
and Bank of America, N.A., as Co-Syndication Agents (such agreement, as it may be amended, amended
and restated, supplemented or otherwise modified from time to time, the “Agreement”); capitalized
terms used herein without definition shall have the meanings assigned those terms in the Agreement.

     This Certificate is furnished to the Administrative Agent for the benefit of the Lenders
pursuant to Section 5.01 of the Agreement.

     The undersigned,        , hereby certifies to the Administrative Agent for the
benefit of the Lenders as follows:

     1 Authority. I am the duly elected, qualified and acting            of the Borrower.

     2. This certificate is for the period ended _______ __, 20__ (the “Certification Date”).

     3. Financial Statements. The accompanying consolidated statements of earnings and cash flows
of the Borrower and the Consolidated subsidiaries [for the period from the beginning of the fiscal
year to the Certification Date] [for the fiscal year ended on the Certification Date] and the
related consolidated balance sheet of the Borrower and the Consolidated Subsidiaries as at the end
of such [fiscal period] [year], fairly present the consolidated financial condition and results of
operations of the Borrower and the Consolidated Subsidiaries as of the end of such [period] [year]
and for the [period] [year] involved[, subject, however, to year-end audit adjustments].

     4. No Default. To my knowledge, no Default has occurred or is continuing as of the date of
this certificate, except as set forth below:

F-1 

 

	 	 	 	 	 
	 	 	 	 
	 	 	
 	 	 
	 	 	 
	 	 	
 	 	 
	 	 	 
	 	 	
 	 	 
	 	 	 
	 	 	
 	 	 
	 	 	 
	 	 	
 	 	 

     5. Maximum Leverage Ratio Calculation. The financial data and computations supporting the
Borrower’s compliance on and as of the Certification Date with the financial covenant contained in
Section 5.09 of the Agreement are set forth below, and such financial data and computations are
true, correct, and complete:

	 	(A)	 	Consolidated Debt __________________
	 
	 	(B)	 	Consolidated EBITDA __________________

Actual
leverage (A)/(B) __________________

Maximum
Allowable Leverage _________ 3.50 to 1.00
(under certain circumstances set forth in Section 5.09 of the Credit Agreement, Maximum
Allowable Leverage can be 3.75 to 1.00)

     IN WITNESS WHEREOF, the undersigned has executed this Certificate on the date set forth below.

	 	 	 	 	 
	 	[MARTIN MARIETTA MATERIALS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Dated: ______________, 20__

F-2 

 

EXHIBIT G

FORM OF EXEMPTION CERTIFICATE

     Reference is hereby made to that certain Credit Agreement, dated as of [     ], 2011 among
MARTIN MARIETTA MATERIALS, INC. (the “Borrower”), the LENDERS listed on the signature pages hereof
and JPMORGAN CHASE BANK, N.A., as Administrative Agent, and WELLS FARGO BANK, N.A., BRANCH BANKING
AND TRUST COMPANY, SUNTRUST BANK and BANK OF AMERICA, N.A., as Co-Syndication Agents (as amended,
restated, modified and/or supplemented from time to time, the “Agreement”). Pursuant to the
provisions of Section 8.04(c) of the Credit Agreement, the undersigned hereby certifies that it is
not (i) a “bank” as such term is used in Section 881(c)(3)(A) of the Internal Revenue Code of 1986,
as amended (the “Code”), (ii) a “10 percent shareholder” of the Borrower within the meaning of
section 871(h)(3)(B) of the Code, or (C) a “controlled foreign corporation” related to the Borrower
as described in section 881(c)(3)(C) of the Code.

	 	 	 	 	 
	 	[NAME OF LENDER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Date: _______________, 20__

G-1

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