Document:

Exhibit 10.2 - Amendment No. 5 to Second Lien Credit Agreement

    Exhibit
      10.2

    

    EXECUTION
      COUNTERPART

    

    

    AMENDMENT
      NO. 5 TO SECOND LIEN CREDIT AGREEMENT dated as of April 30, 2006 (this
“Amendment
      Agreement”)
      among
      KRISPY KREME DOUGHNUT CORPORATION, a North Carolina corporation (the
“Borrower”),
      the
      GUARANTORS (as defined in the Credit Agreement referred to below) signatory
      hereto and the LENDERS (as defined in the Credit Agreement referred to below)
      signatory hereto.

     

    PRELIMINARY
      STATEMENTS

     

    WHEREAS,
      the Borrower is party to a Second Lien Credit Agreement dated as of April 1,
      2005 (as amended, amended and restated, supplemented or otherwise modified
      up to
      the date hereof, the “Credit Agreement”) among the Borrower, the Parent
      Guarantor, the Subsidiary Guarantors, the Lenders, and Credit Suisse (formerly
      known as Credit Suisse First Boston), as Administrative Agent, Paying Agent,
      Fronting Bank, and Collateral Agent.

     

    WHEREAS,
      the Borrower has requested that the Required Lenders agree to amend certain
      provisions of the Credit Agreement, and the Required Lenders have agreed,
      subject to the terms and conditions hereinafter set forth to such
      amendments.

     

    Accordingly,
      in consideration of the premises and for other good and valuable consideration,
      the sufficiency and receipt of all of which are hereby acknowledged, the parties
      hereto hereby agree as follows:

     

    SECTION 1.
      Defined
      Terms.
      Capitalized terms used but not herein shall be used herein as defined in the
      Credit Agreement.

     

    SECTION 2.
      Amendments.
      As of
      the Amendment Effective Date:

     

    (a) The
      definition of “Restatement Date” in Section 1.01 of the Credit Agreement is
      hereby amended and restated in its entirety to read as follows:

     

    “Restatement
      Date”
means
      the date on which the Parent Guarantor furnishes to the Lenders the audited
      consolidated balance sheet and related statements of operations, stockholders’
equity and cash flows of the Parent Guarantor and its Consolidated Subsidiaries
      as of the end of and for its 2004, 2005 and 2006 Fiscal Years, reported on
      by
      PriceWaterhouseCoopers LLP or other independent public accountants of recognized
      national standing (without a “going concern” or like qualification or exception
      and without any qualification or exception as to the scope of such audit) to
      the
      effect that such consolidated financial statements present fairly in all
      material respects the financial condition and results of operations of the
      Parent Guarantor and its Consolidated Subsidiaries on a consolidated basis
      in
      accordance with GAAP consistently applied as of the end of and for such Fiscal
      Year.

     

    (b) Section
      6.01(a) of the Credit Agreement is hereby amended by replacing the phrase “(or,
      in the case of the 2005 Fiscal Year, within 90 days after the Restatement Date)”
with the following:

     

    “(or,
      in
      the case of the 2005 Fiscal Year and the 2006 Fiscal Year, on or before the
      Restatement Date)”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        2

      

    

    

     

    (c) Paragraph
      (t) of Article VIII of the Credit Agreement is hereby amended and restated
      in
      its entirety to read as follows:

     

    “(t)
      the
      Restatement Date shall not have occurred on or before July 31, 2006; or”

     

    SECTION 3.
      Representations
      and Warranties.
      The
      Borrower hereby represents and warrants to the undersigned Lenders that (a)
      the
      representations and warranties of the Borrower and the Parent Guarantor set
      forth in the Credit Agreement, and of each Obligor in each of the other Loan
      Documents to which it is a party, is true and correct in all material respects
      on and as of the date hereof (except to the extent that any such representation
      or warranty expressly relates to an earlier date), with each reference therein
      to the Credit Agreement being deemed for purposes hereof to be a reference
      to
      the Credit Agreement as modified hereby and (b) no Default has occurred and
      is
      continuing.

     

    SECTION 5.
      Conditions
      to Effectiveness.
      The
      amendments set forth in Section 2 hereof shall become effective when, and only
      when, and as of the date (the “Amendment
      Effective Date”)
      on
      which:

     

    (a)
      the
      Administrative Agent shall have received counterparts of this Amendment
      Agreement executed by the Borrower, each of the Guarantors (other than Freedom
      Rings, LLC) and the Required Lenders;

     

    (b)
      all
      the conditions to the effectiveness of the Amendment No. 5 to the Second
      Lien Credit Agreement of even date herewith, substantially in the form
      heretofore delivered to the Lenders, shall have occurred other than the
      effectiveness of this Amendment Agreement;

     

    (c)
      the
      Lenders shall have received drafts of the consolidated balance sheet and related
      statements of operations, stockholders’ equity and cash flows of the Parent
      Guarantor and its Consolidated Subsidiaries as of the end of and for its 2006
      Fiscal Year reflecting the most recent work product of the Parent Guarantor;
      and

     

    (d) the
      Administrative Agent shall have received payment of all accrued fees and
      expenses of the Administrative Agent (including the reasonable and accrued
      fees
      of counsel to the Administrative Agent invoiced on or prior to the date
      hereof).

     

    SECTION 5.
      Reference
      to and Effect on the Financing Documents.

     

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

     

    (b) The
      Credit Agreement and each of the other Loan Documents, as specifically modified
      by this Amendment Agreement, are and shall continue to be in full force and
      effect and are hereby in all respects ratified and confirmed.

     

    (c) The
      execution, delivery and effectiveness of this Amendment Agreement shall not,
      except as expressly provided herein, operate as a waiver of any right, power
      or
      remedy of the Credit Agreement or the other Loan Documents, nor constitute
      a
      waiver of any provision of the Credit Agreement or the other Loan
      Documents.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        3

      

    

    

     

    SECTION 6.
      Affirmation
      of Guarantors.
      Each
      Guarantor signatory hereto hereby consents to the amendments to the Credit
      Agreement effected hereby, and hereby confirms and agrees that, notwithstanding
      the effectiveness of the amendments set forth in Section 3 hereof (and
      notwithstanding the failure of Freedom Rings, LLC to be a party hereto), the
      obligations of such Guarantor contained in Article III of the Credit
      Agreement or in any other Loan Documents to which it is a party are, and shall
      remain, in full force and effect and are hereby ratified and confirmed in all
      respects, except that, on and after the effectiveness of such amendments, each
      reference in Article III of the Credit Agreement and in each of the other
      Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of
      like import shall mean and be a reference to the Credit Agreement as modified
      by
      this Amendment Agreement.

     

    SECTION 7.
      GOVERNING
      LAW.
      THIS
      AMENDMENT AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE
      LAWS OF THE STATE OF NEW YORK.

     

    SECTION 8.
      Execution
      in Counterparts.
      This
      Amendment Agreement may be executed by one or more of the parties to this
      Amendment Agreement on any number of separate counterparts, and all of said
      counterparts taken together shall be deemed to constitute one and the same
      instrument. Delivery of an executed counterpart of a signature page to this
      Amendment Agreement by telecopier shall be effective as delivery of a manually
      executed counterpart of this Amendment Agreement.

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    KRISPY
      KREME DOUGHNUT CORPORATION

     

    By:
      /s/
      Michael C. Phalen

    Name:
      Michael C. Phalen

    Title:
      CFO

     

    GUARANTORS:

     

    KRISPY
      KREME DOUGHNUTS, INC.

     

    KRISPY
      KREME DISTRIBUTING COMPANY, 
INCORPORATED

     

    KRISPY
      KREME MOBILE STORE COMPANY

     

    KRISPY
      KREME CANADA, INC.

     

    HD
      CAPITAL CORPORATION

     

    HDN
      DEVELOPMENT CORPORATION

     

    KRISPY
      KREME COFFEE COMPANY, LLC

     

    
      	 	 	
              By:

            	
              KRISPY
                KREME DOUGHNUT CORPORATION, an 
authorized
                Member

            

    

     

    GOLDEN
      GATE DOUGHNUTS, LLC

     

    
      	 	 	
              By:

            	
              KRISPY
                KREME DOUGHNUT CORPORATION, an 
authorized
                Member

            

    

     

    PANHANDLE
      DOUGHNUTS, LLC

     

    
      	 	 	
              By:

            	
              KRISPY
                KREME DOUGHNUT CORPORATION, an 
authorized
                Member

            

    

     

    NORTH
      TEXAS DOUGHNUTS, L.P.

     

    
      	 	 	
              By:

            	
              KRISPY
                KREME DOUGHNUT CORPORATION, its 
General
                Partner

            

    

     

    

     

    By:
      /s/
      Michael C. Phalen

    Name:
      Michael C. Phalen

    Title:
      Authorized Officer

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    LENDER

     

    Consent
      of Required Lenders ReceivedCBRL EX 10.1

    

      EXHIBIT
        10.1

      

      Published
        CUSIP Numbers: 

      Revolving
        Credit Advances: ______

      Term
        Advances: ______

      

       

      $1,250,000,000

       

      CREDIT
        AGREEMENT

       

      Dated
        as
        of April 27, 2006

       

      Among

       

      CBRL
        GROUP, INC.,

      as
        Borrower,

       

      THE
        SUBSIDIARY GUARANTORS NAMED HEREIN,

       

      as
        Guarantors,

       

      THE
        LENDERS, SWING LINE BANK AND ISSUING BANKS NAMED HEREIN,

      

       

      SUNTRUST
        BANK,

      as
        Syndication Agent, 

       

      BANK
        OF AMERICA, N.A.,

      as
        Co-Documentation Agent,

       

      KEYBANK
        NATIONAL ASSOCIATION,

      as
        Co-Documentation Agent

       

      and
        

       

      WACHOVIA
        BANK, NATIONAL ASSOCIATION,

      as
        Administrative Agent and Collateral Agent

       

      

       

       

      WACHOVIA
        CAPITAL MARKETS, LLC,

      as
        Sole
        Bookrunner Manager and as Sole Lead Arranger

       

       

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      T
        A B L E O F C O N T E N T S

       

      

      

      

      
        	
                Section

              	 	
                Page

              
	
                 

              	
                ARTICLE
                  I DEFINITIONS AND ACCOUNTING
                  TERMS                

              	
                 1

              
	
                SECTION
                  1.01.

              	
                Certain
                  Defined Terms

              	
                1

              
	
                SECTION
                  1.02.

              	
                Computation
                  of Time Periods; Other Definitional Provisions

              	
                25

              
	
                SECTION
                  1.03.

              	
                Accounting
                  Terms

              	
                25

              
	 	
                ARTICLE
                  II AMOUNTS AND TERMS OF THE ADVANCES AND THE LETTERS
                  OFCREDIT

              	
                26

              
	
                SECTION
                  2.01.

              	
                The
                  Advances and the Letters of Credit

              	
                26

              
	
                SECTION
                  2.02.

              	
                Making
                  the Advances

              	
                27

              
	
                SECTION
                  2.03.

              	
                Issuance
                  of and Drawings and Reimbursement Under Letters of Credit

              	
                30

              
	
                SECTION
                  2.04.

              	
                Repayment
                  of Advances

              	
                32

              
	
                SECTION
                  2.05.

              	
                Termination
                  or Reduction of the Commitments

              	
                34

              
	
                SECTION
                  2.06.

              	
                Prepayments

              	
                34

              
	
                SECTION
                  2.07.

              	
                Interest 

              	
                36

              
	
                SECTION
                  2.08.

              	
                Fees 

              	
                37

              
	
                SECTION
                  2.09.

              	
                Conversion
                  of Advances

              	
                38

              
	
                SECTION
                  2.10.

              	
                Increased
                  Costs, Etc.

              	
                38

              
	
                SECTION
                  2.11.

              	
                Payments
                  and Computations

              	
                41

              
	
                SECTION
                  2.12.

              	
                Taxes

              	
                43

              
	
                SECTION
                  2.13.

              	
                Sharing
                  of Payments, Etc.

              	
                45

              
	
                SECTION
                  2.14.

              	
                Use
                  of Proceeds

              	
                46

              
	
                SECTION
                  2.15.

              	
                Defaulting
                  Lenders

              	
                46

              
	
                SECTION
                  2.16.

              	
                Evidence
                  of Debt

              	
                48

              
	
                SECTION
                  2.17.

              	
                Replacement
                  of Lenders

              	
                49

              
	 	
                ARTICLE
                  III CONDITIONS OF LENDING AND ISSUANCES OF LETTERS OF
                  CREDIT

              	
                50

              
	
                SECTION
                  3.01.

              	
                Conditions
                  Precedent to Effectiveness

              	
                50

              
	
                SECTION
                  3.02.

              	
                Conditions
                  Precedent to Initial Extension of Credit

              	
                53

              
	
                SECTION
                  3.03.

              	
                Conditions
                  Precedent to Each Borrowing and Issuance and Renewal

              	
                54

              
	
                SECTION
                  3.04.

              	
                Determinations
                  Under Section 3.01 and 3.02

              	
                54

              
	 	
                ARTICLE
                  IV REPRESENTATIONS AND WARRANTIES

              	
                55

              
	
                SECTION
                  4.01.

              	
                Representations
                  and Warranties of the Loan Parties 

              	
                55

              
	 	
                ARTICLE
                  V COVENANTS OF THE LOAN PARTIES

              	
                61

              
	
                SECTION
                  5.01.

              	
                Affirmative
                  Covenants

              	
                61

              
	
                SECTION
                  5.02.

              	
                Negative
                  Covenants

              	
                65

              
	
                SECTION
                  5.03.

              	
                Reporting
                  Requirements

              	
                75

              
	
                SECTION
                  5.04.

              	
                Financial
                  Covenants

              	
                77

              
	 	
                ARTICLE
                  VI EVENTS OF DEFAULT

              	
                78

              
	
                SECTION
                  6.01.

              	
                Events
                  of Default

              	
                78

              
	
                SECTION
                  6.02.

              	
                Actions
                  in Respect of the Letters of Credit upon
                  Default

              	
                80

              
	 	
                ARTICLE
                  VII THE AGENTS

              	
                81

              

      

      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

      

      

      

      
        	
                SECTION
                  7.01.

              	
                Authorization
                  and Action

              	
                81

              
	
                SECTION
                  7.02.

              	
                Agents’
                  Reliance, Etc

              	
                82

              
	
                SECTION
                  7.03.

              	
                Wachovia
                  and Affiliates

              	
                82

              
	
                SECTION
                  7.04.

              	
                Lender
                  Party Credit Decision

              	
                83

              
	
                SECTION
                  7.05.

              	
                Indemnification

              	
                83

              
	
                SECTION
                  7.06.

              	
                Successor
                  Agents.

              	
                84

              
	
                SECTION
                  7.07.

              	
                Administrative
                  Agent May File Proofs of Claim

              	
                84

              
	
                SECTION
                  7.08.

              	
                Collateral
                  and Guaranty Matters

              	
                85

              
	
                SECTION
                  7.09.

              	
                Other
                  Agents; Arrangers and Managers

              	
                85

              
	 	
                ARTICLE
                  VIII GUARANTY

              	
                85

              
	
                SECTION
                  8.01.

              	
                Guaranty;
                  Limitation of Liability.

              	
                86

              
	
                SECTION
                  8.02.

              	
                Guaranty
                  Absolute.

              	
                86

              
	
                SECTION
                  8.03.

              	
                Waivers
                  and Acknowledgments.

              	
                87

              
	
                SECTION
                  8.04.

              	
                Payments
                  Free and Clear of Taxes, Etc.

              	
                88

              
	
                SECTION
                  8.05.

              	
                Continuing
                  Guaranty; Assignments

              	
                88

              
	
                SECTION
                  8.06.

              	
                Subrogation.

              	
                88

              
	
                SECTION
                  8.07.

              	
                Guaranty
                  Supplements.

              	
                89

              
	
                SECTION
                  8.08.

              	
                Subordination.

              	
                89

              
	 	
                ARTICLE
                  IX MISCELLANEOUS

              	
                90

              
	
                SECTION
                  9.01.

              	
                Amendments,
                  Etc. 

              	
                90

              
	
                SECTION
                  9.02.

              	
                Notices,
                  Etc.

              	
                92

              
	
                SECTION
                  9.03.

              	
                No
                  Waiver; Remedies

              	
                93

              
	
                SECTION
                  9.04.

              	
                Costs
                  and Expenses

              	
                95

              
	
                SECTION
                  9.05.

              	
                Right
                  of Set-off

              	
                95

              
	
                SECTION
                  9.06.

              	
                Binding
                  Effect

              	
                95

              
	
                SECTION
                  9.07.

              	
                Assignments
                  and Participations

              	
                95

              
	
                SECTION
                  9.08.

              	
                Execution
                  in Counterparts

              	
                100

              
	
                SECTION
                  9.09.

              	
                No
                  Liability of the Issuing Bank

              	
                100

              
	
                SECTION
                  9.10.

              	
                Confidentiality

              	
                100

              
	
                SECTION
                  9.11.

              	
                Release
                  of Collateral

              	
                100

              
	
                SECTION
                  9.12.

              	
                Patriot
                  Act Notice

              	
                101

              
	
                SECTION
                  9.13.

              	
                Jurisdiction,
                  Etc.

              	
                101

              
	
                SECTION
                  9.14.

              	
                GOVERNING
                  LAW

              	
                101

              
	
                SECTION
                  9.15.

              	
                WAIVER
                  OF JURY TRIAL

              	
                102

              

      

          

       

       

       

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

      
 

      
        
          	 SCHEDULES	 
	 Schedule I	
                  Guarantors

                
	
                    Schedule
                    4.01(b)

                	
                  Subsidiaries

                
	
                   Schedule 4.01(d)

                	
                  Authorizations,
                    Approvals, Actions, Notices and
                    Filings

                
	   Schedule
                  4.01(f)	 Disclosed Litigation
	 Schedule 4.01(p)	 ERISA Plans, Multiemployer Plans
                  and
                  Welfare Plans
	 Schedule 4.01(q)	 Environmental Disclosure
	  Schedule
                  4.01(r) 	 Open Years
	 Schedule 4.01(t)	 Existing Debt
	 Schedule 4.01(u)	 Surviving Debt
	 Schedule 4.01(v	 Liens
	 Schedule 4.01(w)	 Owned Real Property
	 Schedule 4.01(x)	 Leased Real Property
                  (Lessee)
	 Schedule 4.01(y)	 Leased Real Property
                  (Lessor)
	 Schedule 4.01(z) 	  Investments
	 Schedule 4.01(aa) 	 Intellectual
                  Property

        

      

       

      

      

      
        	 

                EXHIBITS

              	 
	 Exhibit A-1	 Form of Revolving Credit
                Note
	 Exhibit A-2 	 Form of Term Note
	 Exhibit B 	 Form of Notice of
                Borrowing
	 Exhibit C-1	 Form of Lender Addendum
	 Exhibit C-2 	 Form of Assignment and
                Acceptance
	 Exhibit D	 Form of Pledge Agreement
	 Exhibit E 	 Form of Guaranty
                Supplement
	 Exhibit F	 Form of Solvency
                Certificate
	 Exhibit G	 Form
                of Opinion of Counsel to the Loan
                Parties

      

       

      
        
          iii

        

        
          
          

          
            

          

        

        
          
          

        

      

      CREDIT
        AGREEMENT

       

      CREDIT
        AGREEMENT, dated as of April 27, 2006, among CBRL GROUP, INC., a Tennessee
        corporation (the “Borrower”),
        the
        Guarantors (as hereinafter defined), the Lenders (as hereinafter defined),
        the
        Issuing Bank (as hereinafter defined), the Swing Line Bank (as hereinafter
        defined), SUNTRUST BANK, as syndication agent, BANK OF AMERICA, N.A., as
        co-documentation agent, KEYBANK NATIONAL ASSOCIATION, as co-documentation
        agent,
        WACHOVIA BANK, NATIONAL ASSOCIATION (“Wachovia”),
        as
        collateral agent (together with any successor collateral agent appointed
        pursuant to Article VII, in such capacity, the “Collateral
        Agent”)
        for
        the Secured Parties (as hereinafter defined), Wachovia, as administrative
        agent
        (together with any successor administrative agent appointed pursuant to Article
        VII, in such capacity, the “Administrative
        Agent”
and,
        together with the Collateral Agent, the “Agents”)
        for
        the Lender Parties (as hereinafter defined), and
        WACHOVIA CAPITAL MARKETS, LLC, as Sole Bookrunner Manager and Sole Lead Arranger
        (in such capacities, the “Arranger”).
        

       

      PRELIMINARY
        STATEMENTS:

       

      1.  The
        Borrower intends to repurchase a portion of its outstanding common stock
        (the
“Repurchase”),
        as
        described in the Tender Offer Documents (as defined below), in an aggregate
        amount for the Repurchase not to exceed $775 million. 

       

      2.  The
        Borrower has requested that (a) the Lender Parties lend to the Borrower up
        to
        $800 million pursuant to a term facility under this Agreement, at least $700
        million of which shall be used to finance the Repurchase, to refinance all
        Existing Debt (as hereinafter defined) of the Borrower and its Subsidiaries,
        other than Surviving Debt (including existing Capitalized Leases and Convertible
        Notes (each as hereinafter defined)) (collectively, the “Refinancing”),
        and
        to pay fees, expenses, and costs related thereto, and the balance of such
        proceeds shall be used from time to time to purchase additional shares of
        the
        Borrower’s outstanding common stock, (b) the Lender Parties lend to the Borrower
        up to $200 million pursuant to a delayed draw term facility under this
        Agreement, which may be used to acquire or refinance the Borrower’s 3.0%
        Zero-Coupon Contingently Convertible Senior Notes (the “Convertible
        Notes”)
        and
        for other general corporate purposes and (c) from time to time, the Lender
        Parties lend to the Borrower and issue Letters of Credit for the account
        of the
        Borrower to provide working capital for and for other general corporate purposes
        of the Borrower and its Subsidiaries, pursuant to the Revolving Credit
        Commitments hereunder and in accordance with the terms of this Agreement.
        The
        Lender Parties have indicated their willingness to agree to lend such amounts
        and provide such Letters of Credit, but only on the terms and conditions
        of this
        Agreement, including the granting of the Collateral pursuant to the Collateral
        Documents and the making of the guarantees pursuant to Article VIII
        hereof.

       

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

       

      ARTICLE
        I

       

      DEFINITIONS
        AND ACCOUNTING TERMS

       

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

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      

      “Administrative
        Agent”
has
        the
        meaning specified in the recital of parties to this Agreement.

       

      “Administrative
        Agent’s Account”
means
        the account of the Administrative Agent specified by the Administrative Agent
        in
        writing to the Lender Parties from time to time.

       

      “Advance”
means
        a
        Term B-1 Advance, a Term B-2 Advance, a Revolving Credit Advance, a Swing
        Line
        Advance or a L/C Credit Extension.

       

      “Affiliate”
means,
        as to any Person, any other Person that, directly or indirectly, controls,
        is
        controlled by or is under common control with such Person or is a director
        or
        officer of such Person. For purposes of this definition, the term “control”
(including the terms “controlling”, “controlled by” and “under common control
        with”) of a Person means the possession, direct or indirect, of the power to
        vote 10% or more of the Voting Interests of such Person or to direct or cause
        the direction of the management and policies of such Person, whether through
        the
        ownership of Voting Interests, by contract or otherwise.

       

      “Agents”
has
        the
        meaning specified in the recital of parties to this Agreement.

       

      “Agreement”
means
        this Credit Agreement, as amended.

       

      “Agreement
        Value”
means,
        for each Hedge Agreement, on any date of determination, an amount determined
        by
        the Administrative Agent equal to (a) in the case of a Hedge Agreement
        documented pursuant to the Master Agreement (Multicurrency-Cross Border)
        published by the International Swap and Derivatives Association, Inc. (the
        “Master
        Agreement”),
        the
        amount, if any, that would be payable by any Loan Party or any of its
        Subsidiaries to its counterparty to such Hedge Agreement, as if (i) such
        Hedge
        Agreement was being terminated early on such date of determination, (ii)
        such
        Loan Party or Subsidiary was the sole “Affected Party”(as defined in the Master
        Agreement), and (iii) the Administrative Agent was the sole party determining
        such payment amount (with the Administrative Agent making such determination
        pursuant to the provisions of the form of Master Agreement); or (b) in the
        case
        of a Hedge Agreement traded on an exchange, the mark-to-market value of such
        Hedge Agreement, which will be the unrealized loss on such Hedge Agreement
        to
        the Loan Party or Subsidiary of a Loan Party that is a party to such Hedge
        Agreement determined by the Administrative Agent based on the settlement
        price
        of such Hedge Agreement on such date of determination, or (c) in all other
        cases, the mark-to-market value of such Hedge Agreement, which will be the
        unrealized loss on such Hedge Agreement to the Loan Party or Subsidiary of
        a
        Loan Party that is a party to such Hedge Agreement determined by the
        Administrative Agent as the amount, if any, by which (i) the present value
        of
        the future cash flows to be paid by such Loan Party or Subsidiary exceeds
        (ii)
        the present value of the future cash flows to be received by such Loan Party
        or
        Subsidiary pursuant to such Hedge Agreement.

       

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

       

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      “Applicable
        Percentage”
means
        (a) in respect of (i) each Term Facility, 0.50% per annum for Base Rate Advances
        and 1.50% per annum for Eurodollar Rate Advances, (ii) the Revolving Credit
        Facility, for the period from the Effective Date until the end of the first
        full
        fiscal quarter after the Effective Date, 0.50% per annum for Base Rate Advances
        and 1.50% per annum for Eurodollar Rate Advances, (iii) the Revolving Credit
        Commitment Fee, for the period from the Effective Date until the end of the
        first full fiscal quarter after the Effective Date, 0.25% per annum and (iv)
        Delayed Draw Commitment Fee, 0.75% per annum; and (b) in respect of the
        Revolving Credit Facility and the Revolving Credit Commitment Fee, for any
        time
        subsequent to the first full fiscal quarter after the Effective Date, the
        respective percentage per annum determined by reference to the Consolidated
        Total Leverage Ratio as set forth below:

       

      
        	
                Consolidated
                  Total Leverage Ratio

              	
                Eurodollar
                  

                Rate
                  Advance

              	
                Base
                  Rate Advance

              	
                Revolving
                  Credit Commitment Fee

              
	
                Level
                  I: > 4.00

              	
                1.75%

              	
                0.75%

              	
                0.375%

              
	
                Level
                  II: > 3.00 but ≤ 4.00

              	
                1.50%

              	
                0.50%

              	
                0.250%

              
	
                Level
                  III: > 2.00 but ≤ 3.00

              	
                1.25%

              	
                0.25%

              	
                0.200%

              
	
                Level
                  IV: ≤ 2.00

              	
                1.00%

              	
                0.00%

              	
                0.150%

              

      

      

      Pursuant
        to clause (b) above, in respect of the Revolving Credit Facility and the
        Revolving Credit Commitment Fee, for any time after the first full fiscal
        quarter after the Effective Date, the Applicable Percentage for each Base
        Rate
        Advance and the Revolving Credit Commitment Fee shall be determined by reference
        to the Consolidated Total Leverage Ratio in effect from time to time and
        the
        Applicable Percentage for each Eurodollar Rate Advance shall be determined
        by
        reference to the Consolidated Total Leverage Ratio in effect on the first
        day of
        each Interest Period for such Advance; provided,
        however,
        that
        (A) no change in the Applicable Percentage shall be effective until three
        Business Days after the date on which the Administrative Agent receives the
        certificate of the Chief Financial Officer of the Borrower delivered pursuant
        to
        Section 5.03(b) or (c), as the case may be, and (B) the Applicable Percentage
        shall be at Level I (in the case of the Revolving Credit Facility and the
        Revolving Credit Commitment Fee) for so long as (x) the Borrower has not
        submitted to the Administrative Agent the information described in clause
        (A) of
        this proviso as and when required under Section 5.03(b) or (c), as the case
        may
        be or (y) an Event of Default has occurred and is continuing.

       

      “Appropriate
        Lender”
means,
        at any time, with respect to (a) either of the Term Facility or the
        Revolving Credit Facility, a Lender that has a Commitment with respect to
        such
        Facility at such time, (b) the Letter of Credit Facility, (i) the Issuing
        Bank and (ii) if the other Revolving Credit Lenders have made L/C Credit
        Extensions pursuant to Section 2.03(c) that are outstanding at such time,
        each such other Revolving Credit Lender and (c) the Swing Line Facility,
        (i) the Swing Line Bank and (ii) if the other Revolving Credit Lenders have
        made Swing Line Advances pursuant to Section 2.02(b) that are outstanding
        at such time, each such other Revolving Credit Lender.

       

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

       

      “Arranger”
has
        the
        meaning specified in the recital of parties to this Agreement.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      “Assignment
        and Acceptance”
means
        an assignment and acceptance entered into by a Lender Party and an Eligible
        Assignee (with the consent of any party whose consent is required by Section
        9.07 or the definition of “Eligible
        Assignee”),
        and
        accepted by the Administrative Agent, in accordance with Section 9.07 and
        in substantially the form of Exhibit C-2 hereto or any other form approved
        by the Administrative Agent.

       

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

       

      “Bankruptcy
        Law”
means
        Title II, U.S. Code, or any similar foreign, federal or state law for the
        relief
        of debtors under which a proceeding of the type referred to in Section 6.01(f)
        could be commenced or maintained.

       

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

       

      (a)  the
        rate
        of interest established by Wachovia in Charlotte, North Carolina from time
        to
        time as Wachovia’s prime rate; and

       

      (b)  1⁄2
of
        1%
        per annum above the Federal Funds Rate.

       

      The
        Base
        Rate is not intended to be nor will it necessarily be the lowest rate of
        interest extended by Wachovia to its customers.

       

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

       

      “Borrower”
has
        the
        meaning specified in the recital of parties to this Agreement.

       

      “Borrower’s
        Account”
means
        the account of the Borrower specified by the Borrower in writing to the
        Administrative Agent from time to time.

       

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

       

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

       

      “Capital
        Expenditures”
means,
        for any Person for any period, the sum of, without duplication, (a) all
        expenditures made, directly or indirectly, by such Person or any of its
        Subsidiaries during such period for equipment, fixed assets, real property
        or
        improvements, or for replacements or substitutions therefor or additions
        thereto, that have been or should be, in accordance with GAAP, reflected
        as
        additions to property, plant or equipment on a consolidated balance sheet
        of
        such Person plus
        (b) the
        aggregate principal amount of all Debt (including Obligations under Capitalized
        Leases) assumed or incurred in connection with any such expenditures
minus
        (c) the
        aggregate amount of proceeds of sales, transfers or other dispositions of
        assets
        received by such Person during such period. For purposes of this definition,
        the
        purchase price of equipment that is purchased simultaneously with the trade-in
        of existing equipment or with insurance proceeds shall be included in Capital
        Expenditures only to the extent of the gross amount of such purchase price
        less
        the credit granted by the seller of such equipment for the equipment being
        traded in at such time or the amount of such insurance proceeds, as the case
        may
        be. 

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      “Capitalized
        Leases”
means
        all leases that have been or should be, in accordance with GAAP, recorded
        as
        capitalized leases and under which the Borrower or any of its Subsidiaries
        is
        the lessee or obligor, excluding, in the event of a change in GAAP, leases
        originally and properly recorded as operating leases under GAAP, which leases
        will continue to be treated as operating leases, and excluding, in any event,
        ground leases.

       

      “Cash
        Equivalents”
means
        any of the following, to the extent owned by the Borrower or any of its
        Subsidiaries free and clear of all Liens other than Liens created under the
        Collateral Documents and having a maturity of not greater than one year from
        the
        date of issuance thereof: (a) readily marketable direct obligations of the
        Government of the United States or any agency or instrumentality thereof
        or
        obligations unconditionally guaranteed by the full faith and credit of the
        Government of the United States, (b) insured certificates of deposit of or
        time deposits with any commercial bank that (i) is a Lender Party or a member
        of
        the Federal Reserve System, (ii) issues (or the parent of which issues)
        commercial paper rated as described in clause (c) below, (iii) is organized
        under the laws of the United States or any State thereof and (iv) has combined
        capital and surplus of at least $1 billion, (c) commercial paper issued by
        any corporation organized under the laws of any State of the United States
        and
        rated at least “Prime-2” (or the then equivalent grade) by Moody’s or “A-2” (or
        the then equivalent grade) by S&P, (d) Investments, classified in
        accordance with GAAP as Current Assets of the Borrower or any of its
        Subsidiaries, in money market investment programs registered under the
        Investment Company Act of 1940, as amended, which are administered by financial
        institutions that have the highest rating obtainable from either Moody’s or
        S&P, and the portfolios of which are limited solely to Investments of the
        character, quality and maturity described in clauses (a), (b) and (c) of
        this definition, or (e) any repurchase agreement entered into with either
        any
        Lender Party or any other commercial banking institution of the nature referred
        to in clause (b), secured by a fully perfected Lien in any obligation of
        the
        type described in any of clauses (a) through (c), having a market value at
        the
        time such repurchase agreement is entered into of not less than 100% of the
        repurchase obligation thereunder of such Lender Party or other commercial
        banking institution.

       

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

       

      “CERCLIS”
means
        the Comprehensive Environmental Response, Compensation and Liability Information
        System maintained by the U.S. Environmental Protection Agency.

       

      “CFC”
means
        an entity that is a controlled foreign corporation under Section 957 of the
        Internal Revenue Code.

       

      “Change
        of Control”
means
        the occurrence of any of the following: (a) during any period of up to 24
        consecutive months, commencing before or after the date of this Agreement,
        Continuing Directors shall cease to constitute a majority of the board of
        directors of the Borrower because they are neither (i) nominated by those
        Persons on the Borrower’s board of directors on the Closing Date nor (ii)
        appointed by directors so nominated; or (b) any Person or two or more Persons
        acting in concert shall have acquired beneficial ownership (within the meaning
        of Rule 13d-3 of the Securities and Exchange Commission under the Securities
        Exchange Act of 1934), directly or indirectly, of Equity or Voting Interests
        of
        the Borrower (or other securities convertible into such Equity or Voting
        Interests) representing 25% or more of the combined voting power of all Equity
        or Voting Interests of the Borrower; or (c) any Person or two or more
        Persons acting in concert shall have acquired by contract or otherwise, or
        shall
        have entered into a contract or arrangement that, upon consummation, will
        result
        in its or their acquisition of the power to exercise, directly or indirectly,
        a
        controlling influence over the management or policies of the Borrower; or
        (d)
        the occurrence of a “change of control”, “change in control” or similar
        circumstance under any material debt instrument of the Borrower.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      “Collateral”
means
        all “Collateral” referred to in the Collateral Documents and all other property
        that is or is intended to be subject to any Lien in favor of the Collateral
        Agent for the benefit of the Secured Parties.

       

      “Collateral
        Account”
means
        an interest bearing account of the Borrower to be designated by the Borrower
        as
        the Collateral Account and maintained with the Collateral Agent.

       

      “Collateral
        Agent”
has
        the
        meaning specified in the recital of parties to this Agreement.

       

      “Collateral
        Agent’s Office”
means,
        with respect to the Collateral Agent or any successor Collateral Agent, the
        office of such Agent as such Agent may from time to time specify to the Borrower
        and the Administrative Agent.

       

      “Collateral
        Documents”
means
        the Pledge Agreement, each of the collateral documents, instruments and
        agreements delivered pursuant to Section 5.01(j) or (k), and any other agreement
        that creates or purports to create or perfect a Lien in favor of the Collateral
        Agent for the benefit of the Secured Parties, including under any supplement
        to
        the Pledge Agreement.

       

      “Commitment”
means
        a
        Term B-1 Commitment, a Term B-2 Commitment, a Revolving Credit Commitment
        or a
        Letter of Credit Commitment.

       

      “Confidential
        Information”
means
        information that any Loan Party furnishes to any Agent or any Lender Party
        in a
        writing designated as confidential, but does not include any such information
        that is or becomes generally available to the public other than as a result
        of a
        breach by such Agent or any Lender Party of its obligations hereunder or
        that is
        or becomes available to such Agent or such Lender Party from a source other
        than
        the Loan Parties that is not, to the best of such Agent’s or such Lender Party’s
        knowledge, by making such information available to such Agent or such Lender
        Party, acting in violation of a confidentiality agreement with any of the
        Loan
        Parties.

       

      “Consolidated
        Debt for Borrowed Money”
of
        any
        Person means, at any date of determination, the sum of (a) all items that,
        in
        accordance with GAAP, would be classified as indebtedness on a consolidated
        balance sheet of such Person at such date, excluding, in the event of a change
        in GAAP, leases originally and properly recorded as operating leases under
        GAAP,
        which leases will continue to be treated as operating leases, and (b) all
        Synthetic Debt of such Person at such date. The term “Consolidated Debt for
        Borrowed Money” shall not include Obligations of such Person under bankers’
acceptances, letters of credit or similar facilities.

       

      “Consolidated
        EBITDA”
means,
        for any period , the sum of (all determined on a consolidated basis for the
        Borrower and its Subsidiaries in accordance with GAAP for the most recently
        completed Measurement Period): (a) net income (or net loss), plus
        (b)
        without duplication and to the extent deducted in determining such net income
        (or net loss), the sum of (i) interest expense, (ii) income tax expense,
        (iii)
        depreciation and amortization expense and (iv) any other non-cash deductions,
        including non-cash compensation and non-cash impairment charges (other than
        any
        deductions which require or represent the accrual of a reserve for the payment
        of cash charges in any future period or amortization of a prepaid cash expense
        that was paid in a prior Measurement Period), in each case of the Borrower
        and
        its Subsidiaries, minus
        (c)
        without duplication and to the extent included in determining such net income
        (or net loss), the sum of (i) any non-cash gains and (ii) any gains (or plus
        losses) realized in connection with any disposition of property (other than
        any
        gains which represent the reversal of a reserve accrued for the payment of cash
        charges in any future Measurement Period and any gains from sales of inventory
        in the ordinary course of business). 

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      “Consolidated
        Interest Coverage Ratio”
means,
        for any Measurement Period, the ratio of (a) Consolidated EBITDA to (b) cash
        interest payable on all Consolidated Debt for Borrowed Money, in each case,
        of
        or by the Borrower and its Subsidiaries for or during such Measurement Period;
        provided
        that,
        for purposes of determining the amount in clause (b) above in the calculation
        of
        the Consolidated Interest Coverage Ratio (i) for the Measurement Period ending
        July 28, 2006, the amount in clause (b) shall equal cash interest payable
        on all
        Consolidated Debt for Borrowed Money, in each case of the Borrower and its
        Subsidiaries for the fiscal quarter ending July 28, 2006, multiplied by four,
        (ii) for the Measurement Period ending October 27, 2006, the amount in clause
        (b) shall equal cash interest payable on all Consolidated Debt for Borrowed
        Money, in each case of the Borrower and its Subsidiaries for the two fiscal
        quarters ending October 27, 2006, multiplied by two and (iii) for the
        Measurement Period ending January 26, 2007, the amount in clause (b) shall
        equal
        cash interest payable on all Consolidated Debt for Borrowed Money, in each
        case
        of the Borrower and its Subsidiaries for the three fiscal quarters ending
        January 26, 2007, multiplied by 4/3.

       

      “Consolidated
        Total Leverage Ratio”
means,
        at any date of determination, the ratio of (a) Consolidated Debt for Borrowed
        Money of the Borrower and its Subsidiaries at such date to (b) Consolidated
        EBITDA of the Borrower and its Subsidiaries for the most recently completed
        Measurement Period.

       

      “Continuing
        Directors”
means
        the directors of the Borrower on the date hereof and each other director
        if, in
        each case, such other director’s nomination for election to the board of
        directors of the Borrower is recommended by at least a majority of the then
        Continuing Directors.

       

      “Conversion”,
        “Convert”
and
        “Converted”
each
        refer to a conversion of Advances of one Type into Advances of the other
        Type
        pursuant to Section 2.09 or 2.10.

       

      “Convertible
        Notes”
has
        the
        meaning specified in the Preliminary Statements.

       

      “Cracker
        Barrel”
means
        Cracker Barrel Old Country Store, Inc., a Subsidiary of the Borrower as of
        the
        date hereof.

       

      “Current
        Assets”
of
        any
        Person means all assets of such Person that would, in accordance with GAAP,
        be
        classified as current assets of a company conducting a business the same
        as or
        similar to that of such Person, after deducting adequate reserves in each
        case
        in which a reserve is proper in accordance with GAAP.

       

      “Debt”
of
        any
        Person means, without duplication, (a) all Consolidated Debt for Borrowed
        Money,
        (b) all Obligations of such Person for the deferred purchase price of property
        or services (other than trade payables not overdue by more than 60 days incurred
        in the ordinary course of such Person’s business), (c) all Obligations of such
        Person evidenced by notes, bonds, debentures or other similar instruments,
        (d)
        all Obligations of such Person created or arising under any conditional sale
        or
        other title retention agreement with respect to 

       

      
         

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

        property acquired
          by such Person (even though the rights and remedies of the seller or lender
          under such agreement in the event of default are limited to repossession
          or sale
          of such property), (e) all Obligations of such Person as lessee under
          Capitalized Leases, (f) all Obligations of such Person under acceptance,
          letter
          of credit or similar facilities, (g) all Obligations of such Person to
          purchase,
          redeem, retire, defease or otherwise make any payment in respect of any
          Equity
          Interests in such Person or any other Person or any warrants, rights or
          options
          to acquire such Equity Interests, valued, in the case of Redeemable Preferred
          Interests, at the greater of its voluntary or involuntary liquidation preference
          plus accrued and unpaid dividends, other than amounts due for a period
          not exceeding five (5) Business Days for the purchase of the Borrower’s
          outstanding common stock as permitted by this Agreement, (h) all Obligations
          of
          such Person in respect of Hedge Agreements, valued at the Agreement Value
          thereof, (i) all Synthetic Debt of such Person, (j) Obligations under direct
          or
          indirect guaranties in respect of, and Obligations (contingent or otherwise)
          to
          purchase or otherwise acquire, or otherwise to assure a creditor against
          loss in
          respect of, Debt of any other Person of the kinds referred to in clauses
          (a)
          through (i) above and (k) all Debt referred to in clauses (a) through (i)
          above
          of another Person secured by (or for which the holder of such Debt has
          an
          existing right, contingent or otherwise, to be secured by) any Lien on
          property
          (including, without limitation, accounts and contract rights) owned by
          such
          Person, even though such Person has not assumed or become liable for the
          payment
          of such Debt. The amount of any Debt referred to in clause (j) shall be
          deemed
          to be an amount equal to the stated or determinable amount of the related
          primary obligation, or portion thereof, in respect of which such Debt is
          made
          or, if not stated or determinable, the maximum reasonably anticipated liability
          in respect thereof as determined by the guaranteeing Person in good
          faith.

      

       

      “Default”
means
        any Event of Default specified in Section 6.01 or any event that would
        constitute an Event of Default but for the passage of time or the requirement
        that written notice be given or both.

       

      “Default
        Interest”
has
        the
        meaning specified in Section 2.07(b).

       

      “Defaulted
        Advance”
means,
        with respect to any Lender Party at any time, the portion of any Advance
        required to be made by such Lender Party to the Borrower pursuant to
        Section 2.01 or 2.02 at or prior to such time that has not been made by
        such Lender Party or by the Administrative Agent for the account of such
        Lender
        Party pursuant to Section 2.02(e) as of such time.

       

      “Defaulted
        Amount”
means,
        with respect to any Lender Party at any time, any amount required to be paid
        by
        such Lender Party to any Agent or any other Lender Party hereunder or under
        any
        other Loan Document at or prior to such time that has not been so paid as
        of
        such time, including, without limitation, any amount required to be paid
        by such
        Lender Party to (a) the Swing Line Bank pursuant to Section 2.02(b) to purchase
        a portion of a Swing Line Advance made by the Swing Line Bank, (b) the Issuing
        Bank pursuant to Section 2.03(c) to purchase a portion of a L/C Credit
        Extension made by the Issuing Bank, (c) the Administrative Agent pursuant
        to Section 2.02(e) to reimburse the Administrative Agent for the amount of
        any Advance made by the Administrative Agent for the account of such Lender
        Party, (d) any other Lender Party pursuant to Section 2.13 to purchase
        any participation in Advances owing to such other Lender Party and (e) any
        Agent or the Issuing Bank pursuant to Section 7.05 to reimburse such Agent
        or the Issuing Bank for such Lender Party’s ratable share of any amount required
        to be paid by the Lender Parties to such Agent or the Issuing Bank as provided
        therein. In the event that a portion of a Defaulted Amount shall be deemed
        paid
        pursuant to Section 2.15(a), the remaining portion of such Defaulted Amount
        shall be considered a Defaulted Amount originally required to be paid hereunder
        or under any other Loan Document on the same date as the Defaulted Amount
        so
        deemed paid in part.

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      “Defaulting
        Lender”
means,
        at any time, any Lender Party that, at such time, (a) owes a Defaulted
        Advance or a Defaulted Amount or (b) shall take any action or be the
        subject of any action or proceeding of a type described in
        Section 6.01(f).

       

      “Delayed
        Draw Commitment Fee”
has
        the
        meaning specified in Section 2.08(a)(ii).

       

      “Disclosed
        Litigation”
has
        the
        meaning specified in Section 3.01(f).

       

      “Domestic
        Lending Office”
means,
        with respect to any Lender Party, the office of such Lender Party specified
        as
        its “Domestic Lending Office” in the Lender Addendum delivered by such Lender
        Party or in the Assignment and Acceptance pursuant to which it became a Lender
        Party, as the case may be, or such other office of such Lender Party as such
        Lender Party may from time to time specify to the Borrower and the
        Administrative Agent.

       

      “Effective
        Date”
has
        the
        meaning specified in Section 3.01. 

       

      “Eligible
        Assignee”
means
        (a) a Lender Party; (b) an Affiliate of a Lender Party; (c) an Approved Fund,
        (d) any Federal Reserve Bank, and (e) any other Person (other than an
        individual) approved by (i) the Administrative Agent, and (ii) in the case
        of an
        assignment of a Revolving Credit Commitment, (x) the Issuing Bank and (y)
        unless
        an Event of Default has occurred and is continuing, the Borrower (each such
        approval not to be unreasonably withheld, delayed or conditioned); provided,
        however,
        that
        neither any Loan Party nor any Affiliate of a Loan Party shall qualify as
        an
        Eligible Assignee under this definition.

       

      “Environmental
        Action”
means
        any action, suit, demand, demand letter, claim, notice of non-compliance
        or
        violation, notice of liability or potential liability, investigation,
        proceeding, consent order or consent agreement relating in any way to any
        Environmental Law, any Environmental Permit or Hazardous Material or arising
        from alleged injury or threat to health, safety or the environment, including,
        without limitation, (a) by any governmental or regulatory authority for
        enforcement, cleanup, removal, response, remedial or other actions or damages
        and (b) by any governmental or regulatory authority or third party for
        damages, contribution, indemnification, cost recovery, compensation or
        injunctive relief.

       

      “Environmental
        Law”
means
        any federal, state, local or foreign statute, law, ordinance, rule, regulation,
        code, order, writ, judgment, injunction, decree or judicial or agency
        interpretation, policy or guidance relating to pollution or protection of
        the
        environment, health, safety or natural resources, including, without limitation,
        those relating to the use, handling, transportation, treatment, storage,
        disposal, release or discharge of Hazardous Materials.

       

      “Environmental
        Permit”
means
        any permit, approval, identification number, license or other authorization
        required under any Environmental Law.

       

      “Equity
        Interests”
means,
        with respect to any Person, shares of capital stock of (or other ownership
        or
        profit interests in) such Person, warrants, options or other rights for the
        purchase or other acquisition from such Person of shares of capital stock
        of (or
        other ownership or profit interests in) such Person, securities convertible
        into
        or exchangeable for shares of capital stock of (or other ownership or profit
        interests in) such Person or warrants, rights or options for the purchase
        or
        other acquisition from such Person of such shares (or such other interests),
        and
        other ownership or profit interests in such Person (including, without
        limitation, partnership, member or trust interests therein), whether voting
        or
        nonvoting, and whether or not such shares, warrants, options, rights or other
        interests are authorized or otherwise existing on any date of
        determination.

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      “ERISA”
means
        the Employee Retirement Income Security Act of 1974, as amended from time
        to
        time, and the regulations promulgated and rulings issued
        thereunder.

       

      “ERISA
        Affiliate”
means
        any Person that for purposes of Title IV of ERISA is a member of the
        controlled group of any Loan Party, or under common control with any Loan
        Party,
        within the meaning of Section 414 of the Internal Revenue
        Code.

       

      “ERISA
        Event”
means
        (a)(i) the occurrence of a reportable event, within the meaning of Section
        4043
        of ERISA, with respect to any Plan unless the 30 day notice requirement with
        respect to such event has been waived by the PBGC or (ii) the requirements
        of
        Section 4043(b) of ERISA apply with respect to a contributing sponsor, as
        defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described
        in
        paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is
        reasonably expected to occur with respect to such Plan within the following
        30
        days; (b) the application for a minimum funding waiver with respect to a
        Plan;
        (c) the provision by the administrator of any Plan of a notice of intent
        to
        terminate such Plan, pursuant to Section 4041(a)(2) of ERISA (including any
        such
        notice with respect to a plan amendment referred to in Section 4041(e) of
        ERISA); (d) the cessation of operations at a facility of any Loan Party or
        any
        ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA;
        (e)
        the withdrawal by any Loan Party or any ERISA Affiliate from a Multiple Employer
        Plan during a plan year for which it was a substantial employer, as defined
        in
        Section 4001(a)(2) of ERISA; (f) the conditions for imposition of a lien
        under
        Section 302(f) of ERISA shall have been met with respect to any Plan; (g)
        the
        adoption of an amendment to a Plan requiring the provision of security to
        such
        Plan pursuant to Section 307 of ERISA; or (h) the institution by the PBGC
        of
        proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the
        occurrence of any event or condition described in Section 4042 of ERISA that
        constitutes grounds for the termination of, or the appointment of a trustee
        to
        administer, such Plan.

       

      “Escrow
        Bank”
has
        the
        meaning specified in Section 2.15(c).

       

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

       

      “Eurodollar
        Lending Office”
means,
        with respect to any Lender Party, the office of such Lender Party specified
        as
        its “Eurodollar Lending Office” in the Lender Addendum delivered by such Lender
        Party or in the Assignment and Acceptance pursuant to which it became a Lender
        Party (or, if no such office is specified, its Domestic Lending Office),
        or such
        other office of such Lender Party as such Lender Party may from time to time
        specify to the Borrower and the Administrative Agent.

       

      “Eurodollar
        Rate”
means,
        for any Interest Period for all Eurodollar Rate Advances comprising part
        of the
        same Borrowing, an interest rate per annum equal to the rate per annum obtained
        by dividing (a) the rate per annum (rounded upwards, if necessary, to the
        nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page)
        as
        the London interbank offered rate for deposits in U.S. dollars at 11:00 A.M.
        (London time) two Business Days before the first day of such Interest Period
        for
        a period equal to such Interest Period (provided
        that, if
        for any reason such rate is not available, the term “Eurodollar Rate” shall
        mean, for any Interest Period for all Eurodollar Rate Advances comprising
        part
        of the same Borrowing, the rate per annum (rounded upwards, if necessary,
        to the
        nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London
        interbank offered rate for deposits in Dollars at approximately 11:00 A.M.
        (London time) two Business Days prior to the first day of such Interest Period
        for a term comparable to such Interest Period; provided,
        however,
        if more
        than one rate is specified on Reuters Screen LIBO Page, the applicable rate
        shall be the arithmetic mean of all such rates), by (b) a percentage equal
        to
        100% minus
        the
        Eurodollar Rate Reserve Percentage for such Interest Period.

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

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

       

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

       

      “Events
        of Default”
has
        the
        meaning specified in Section 6.01 (for the avoidance of doubt, with the
        passage of time or the giving of written notice as specified in Section 6.01
        completed).

       

      “Excess
        Cash Flow”
means,
        for any period, (a) the Consolidated EBITDA of the Borrower and its Subsidiaries
        for such period, minus
        (b) to
        the extent permitted under this Agreement and paid during such period, the
        sum
        of:

       

      (i)  the
        aggregate amount of Capital Expenditures of the Borrower (to the extent not
        financed with Debt or equity) plus

       

      (ii)  the
        aggregate amount of all regularly scheduled principal payments of Debt
plus

       

      (iii)  the
        aggregate principal amount of all optional prepayments of Debt described
        in
        clause (ii) above (other than Debt that is revolving in nature) plus

       

      (iv)  the
        aggregate principal amount of all mandatory prepayments of the Term Facilities
        made during such period pursuant to Section 2.06(b)(ii) in respect of Net
        Cash
        Proceeds of the type described in clause (a) of the definition thereof to
        the
        extent that the applicable Net Cash Proceeds were taken into account in
        calculating Consolidated EBITDA for such period; plus

       

      (v)  the
        aggregate amount of cash taxes paid in such period; plus

       

      (vi)  the
        aggregate amount of cash interest expenses paid in such period; plus

       

      (vii)  the
        aggregate amount of permitted dividends, distributions and repurchases in
        respect of the Borrower’s Equity Interests.

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      “Existing
        Debt”
means
        Debt of each Loan Party and its Subsidiaries outstanding immediately before
        the
        date hereof, other than intercompany debt.

       

      “Existing
        Issuing Bank”
means
        SunTrust Bank in its capacity as an issuing bank with respect to the Existing
        Letter of Credit.

       

      “Existing
        Letter of Credit”
means
        the letter of credit outstanding as of the date hereof that was issued pursuant
        to the Revolving Credit Loan Agreement dated as of February 21, 2003 among
        the
        Borrower, SunTrust Bank, as agent, and the other lenders party
        thereto.

       

      “Extension
        of Credit”
means
        the making of an Advance or the issuance or renewal of a Letter of
        Credit.

       

      “Extraordinary
        Receipt”
means
        any cash received by or paid to or for the account of any Person not in the
        ordinary course of business, including, without limitation, pension plan
        reversions, proceeds of insurance (including, without limitation, any key
        man
        life insurance, except to the extent such insurance is used to pay costs
        of
        benefits or replacement expenses for the covered parties, but excluding proceeds
        of business interruption insurance to the extent such proceeds constitute
        compensation for lost earnings), condemnation awards (and payments in lieu
        thereof), indemnity payments and any purchase price adjustment received in
        connection with any purchase agreement; provided,
        however,
        that an
        Extraordinary Receipt shall not include Net Cash Proceeds nor shall it include
        (a) cash receipts received from proceeds of insurance, condemnation awards
        (or
        payments in lieu thereof) or indemnity payments to the extent that such
        proceeds, awards or payments (i) in respect of loss or damage to equipment,
        fixed assets or real property are applied (or in respect of which expenditures
        were previously incurred) to replace or repair the equipment, fixed assets
        or
        real property in respect of which such proceeds were received in accordance
        with
        the terms of the Loan Documents, so long as such application is made within
        12
        months after the occurrence of such damage of loss or (ii) are received by
        any
        Person in respect of any third party claim against such Person and applied
        to
        pay (or to reimburse such Person for its prior payment of) such claim and
        the
        costs and expenses of such Person with respect thereto or (b) disbursements
        or
        liquidations from the Borrower’s Non-Qualified Deferred Compensation Plan made
        to fund distributions to participants, in each case as confirmed in writing
        to
        the Administrative Agent.

       

      “Facility”
means
        the Term B-1 Facility, the Term B-2 Facility, the Revolving Credit Facility,
        the
        Swing Line Facility or the Letter of Credit Facility.

       

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

       

      “Fee
        Letter”
means
        the fee letter dated March 16, 2006 among the Borrower, the Administrative
        Agent
        and the Arranger, as amended.

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      “Fiscal
        Year”
means
        the regular reporting year of the Borrower and its consolidated Subsidiaries
        ending on the Friday nearest July 31st in any calendar year.

       

      “Foreign
        Benefit Arrangement”
has
        the
        meaning specified in Section 4.01(p)(vi).

       

      “Foreign
        Plan”
has
        the
        meaning specified in Section 4.01(p)(vi).

       

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

       

      “Granting
        Lender”
has
        the
        meaning specified in Section 9.07(k).

       

      “GAAP”
has
        the
        meaning specified in Section 1.03.

       

      “Governmental
        Authority”
means
        any nation or government, any state, province, city, municipal entity or
        other
        political subdivision thereof, and any governmental, executive, legislative,
        judicial, administrative or regulatory agency, department, authority,
        instrumentality, commission, board, bureau or similar body, whether federal,
        state, provincial, territorial, local or foreign.

       

      “Governmental
        Authorization”
        means
        any authorization, approval, consent, franchise, license, covenant, order,
        ruling, permit, certification, exemption, notice, declaration or similar
        right,
        undertaking or other action of, to or by, or any filing, qualification or
        registration with, any Governmental Authority.

       

      “Guaranteed
        Obligations”
has
        the
        meaning specified in Section 8.01.

       

      “Guarantors”
means
        each of the Subsidiaries of the Borrower listed on Schedule I
        hereto
        and each other Subsidiary of the Borrower that shall be required to execute
        and
        deliver a guaranty pursuant to Section 5.01(j).

       

      “Guaranty”
means
        the guaranty set forth in Article VIII together with each other guaranty
        and Guaranty Supplement delivered pursuant to Section 5.01(j), in each case
        as
        amended, amended and restated, modified or otherwise supplemented. 

       

      “Guaranty
        Supplement”
has
        the
        meaning specified in Section 8.07.

       

      “Hazardous
        Materials”
means
        (a) petroleum or petroleum products, by-products or breakdown products,
        radioactive materials, asbestos-containing materials, polychlorinated biphenyls,
        toxic mold and radon gas and (b) any other chemicals, materials or
        substances designated, classified or regulated as hazardous or toxic or as
        a
        pollutant or contaminant under any Environmental Law.

       

      “Hedge
        Agreements”
means
        interest rate, commodity or currency swap, cap or collar agreements, interest
        rate future or option contracts, currency swap agreements, currency future
        or
        option contracts and other hedging agreements (including, without limitation,
        all “swap agreements” as defined in 11 U.S.C. § 101).

       

      “Hedge
        Bank”
means
        any Lender Party or an Affiliate of a Lender Party in its capacity as a party
        to
        a Secured Hedge Agreement.

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      “Indemnified
        Party”
has
        the
        meaning specified in Section 9.04(b).

       

      “Information
        Memorandum”
means
        the information memorandum dated March, 2006 based on information provided
        by
        the Borrower used by the Arranger in connection with the syndication of the
        Commitments.

       

      “Initial
        Extension of Credit”
means
        the earlier to occur of the initial Borrowing and the initial issuance of
        a
        Letter of Credit hereunder.

       

      “Insufficiency”
means,
        with respect to any Plan, the amount, if any, of its unfunded benefit
        liabilities, as defined in Section 4001(a)(18) of ERISA.

       

      “Interest
        Period”
means,
        for each Eurodollar Rate Advance comprising part of the same Borrowing, the
        period commencing on the date of such Eurodollar Rate Advance or the date
        of the
        Conversion of any Base Rate Advance into such Eurodollar Rate Advance, and
        ending on the last day of the period selected by the Borrower pursuant to
        the
        provisions below and, thereafter, each subsequent period commencing on the
        last
        day of the immediately preceding Interest Period and ending on the last day
        of
        the period selected by the Borrower pursuant to the provisions below. The
        duration of each such Interest Period shall be one, two, three or six months,
        as
        the Borrower may, upon notice received by the Administrative Agent not later
        than 11:00 A.M. (Charlotte, North Carolina time) on the third Business Day
        prior to the first day of such Interest Period, select; provided,
        however,
        that:

       

      (a)  the
        Borrower may not select any Interest Period with respect to any Eurodollar
        Rate
        Advance under a Facility that ends after any principal repayment installment
        date for such Facility unless, after giving effect to such selection, the
        aggregate principal amount of Base Rate Advances and of Eurodollar Rate Advances
        having Interest Periods that end on or prior to such principal repayment
        installment date for such Facility shall be at least equal to the aggregate
        principal amount of Advances under such Facility due and payable on or prior
        to
        such date;

       

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

       

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

       

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

       

      (e)  in
        respect of the initial Interest Period for Term B-2 Advances, to the extent
        any
        Term B-2 Advances are made during the middle of an Interest Period with respect
        to any other Term Advance (each an “Existing
        Term Advance”)
        outstanding immediately prior to the making of such Term B-2 Advances, each
        Interest Period of such Term B-2 Advances shall be lined up with the Interest
        Period or Interest Periods of the Existing Term Advances as soon as
        possible.

       

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      “Internal
        Revenue Code”
means
        the Internal Revenue Code of 1986, as amended from time to time, and the
        regulations promulgated and rulings issued thereunder.

       

      “Inventory”
of
        any
        Person means all such Person’s inventory in all of its forms, including, without
        limitation, (a) all raw materials, work in process, finished goods and materials
        used or consumed in the manufacture, production, preparation or shipping
        thereof, (b) goods in which such Person has an interest in mass or a joint
        or
        other interest or right of any kind (including, without limitation, goods
        in
        which such Person has an interest or right as consignee) and (c) goods that
        are
        returned to or repossessed or stopped in transit by such Person), and all
        accessions thereto and products thereof and documents therefor.

       

      “Investment”
in
        any
        Person means any loan or advance to such Person, any purchase or other
        acquisition of any Equity Interests or Debt or the assets comprising a division
        or business unit or a substantial part or all of the business of such Person,
        any capital contribution to such Person or any other direct or indirect
        investment in such Person, including, without limitation, any acquisition
        by way
        of a merger or consolidation (or similar transaction) and any arrangement
        pursuant to which the investor incurs Debt of the types referred to in
        clause (i) or (j) of the definition of “Debt”
in
        respect of such Person. The amount of any Investment shall be the original
        principal or capital amount thereof less
        the sum
        of (a) all cash returns of principal or equity thereon and (b) in the case
        of
        any guaranty, any reduction in the aggregate amount of liability under such
        guaranty to the extent that such reduction is made strictly in accordance
        with
        the terms of such guaranty (and, in each case, without adjustment by reason
        of
        the financial condition of such other Person).

       

      “Issuing
        Banks”
means
        Wachovia, and, insofar as the Existing Letter of Credit is concerned, the
        Existing Issuing Bank, and any Eligible Assignee to which the Letter of Credit
        Commitment hereunder has been assigned pursuant to Section 9.07 so long as
        each
        such Eligible Assignee expressly agrees to perform in accordance with their
        terms all of the obligations that by the terms of this Agreement are required
        to
        be performed by it as an Issuing Bank and notifies the Administrative Agent
        of
        its Applicable Lending Office and the amount of its Letter of Credit Commitment
        (which information shall be recorded by the Administrative Agent in the
        Register), for so long as Wachovia, the Existing Issuing Bank or such Eligible
        Assignee, as the case may be, shall have a Letter of Credit
        Commitment.

       

      “L/C
        Collateral Account”
“means
        an interest bearing account of the Borrower to be designated by the Borrower
        as
        the L/C Collateral Account and maintained with the Collateral
        Agent.

       

      “L/C
        Credit Extension”
means
        an extension of credit resulting from a drawing under any Letter of Credit
        which
        has not been reimbursed on the date when made or refinanced as a Revolving
        Credit Borrowing.

       

      “L/C
        Disbursement”
means
        a
        payment or disbursement made by the Issuing Bank pursuant to a Letter of
        Credit.

       

      “L/C
        Related Documents”
has
        the
        meaning specified in Section 2.04(d)(ii)(A).

       

      “Leased
        Real Properties”
means
        those properties listed in Schedule
        4.01(w)(i).

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      “Lender
        Addendum”
shall
        mean, with respect to any Lender Party on or prior to the date of Initial
        Extension of Credit, a Lender Addendum in the form of Exhibit C-1, or such
        other
        form as may be supplied by the Administrative Agent, to be executed and
        delivered by such Lender Party on or prior to the date hereof.

       

      “Lender
        Party”
means
        any Lender, the Issuing Banks or the Swing Line Bank.

       

      “Lenders”
means
        each Person listed on the signature pages hereof as a Lender as of the date
        hereof, each Person that has become a Lender by executing and delivering
        a
        Lender Addendum on or prior to the date of Initial Extension of Credit and
        each
        Person that shall become a Lender hereunder pursuant to Section 9.07, for
        so long as such Person shall be a party to this Agreement.

       

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

       

      “Letter
        of Credit Commitment”
means,
        with respect to the Issuing Bank at any time, the amount set forth opposite
        the
        Issuing Bank’s name in the Lender Addendum delivered by the Issuing Bank under
        the caption “Letter of Credit Commitment” or, if the Issuing Bank has entered
        into an Assignment and Acceptance, set forth for the Issuing Bank in the
        Register maintained by the Administrative Agent pursuant to Section 9.07(d)
        as the Issuing Bank’s “Letter of Credit Commitment”, as such amount may be
        reduced at or prior to such time pursuant to Section 2.05. The aggregate
        Letter of Credit Commitments are (before giving effect to any reduction pursuant
        to Section 2.05) $50,000,000.

       

      “Letter
        of Credit Facility”
means,
        at any time, an amount equal to the amount of the Issuing Bank’s Letter of
        Credit Commitment at such time, as such amount may be reduced at or prior
        to
        such time pursuant to Section 2.05.

       

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

       

      “Lien”
means
        any lien, security interest or other charge or encumbrance of any kind, or
        any
        other type of preferential arrangement, including, without limitation, the
        lien
        or retained security title of a conditional vendor and any easement, right
        of
        way or other encumbrance on title to real property.

       

      “Loan
        Documents”
means
        (a) this Agreement, (b) the Notes, (c) the Guaranty, (d) the
        Collateral Documents, (e) the Fee Letter and (f) each Letter of Credit
        Agreement, in each case as amended, and excluding any Secured Hedge
        Agreement.

       

      “Loan
        Parties”
means
        the Borrower and the Guarantors.

       

      “Logan’s”
means
        Logan’s Roadhouse, Inc., a Subsidiary of the Borrower as of the date
        hereof.

       

      “Margin
        Stock”
has
        the
        meaning specified in Regulation U.

       

      “Material
        Adverse Change”
means
        any material adverse change in the business, operations, condition (financial
        or
        otherwise), assets, liabilities (whether actual or contingent) or prospects
        of
        the Borrower and its subsidiaries, taken as a whole.

       

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

      “Material
        Adverse Effect”
means
        any event, condition or circumstance, individually or in the aggregate, that
        has
        had, or could reasonably be expected to have, a material adverse effect on
        (a)
        the business, operations, condition (financial or otherwise), assets,
        liabilities (whether actual or contingent) or prospects of the Borrower and
        its
        subsidiaries, taken as a whole, (b) the rights and remedies of any Agent or
        any Lender Party under any Transaction Document or (c) the ability of any
        Loan Party to perform its Obligations under any Transaction Document to which
        it
        is or is to be a party.

       

      “Material
        Contract”
means
        any contract where the failure by any party thereto to perform its Obligations
        thereunder could be reasonably likely to have a Material Adverse
        Effect.

       

      “Measurement
        Period”
means,
        at any date of determination, the most recently completed four consecutive
        fiscal quarters of the Borrower ending on or prior to such date or, if less
        than
        four consecutive fiscal quarters of the Borrower have been completed since
        the
        date of the Initial Extension of Credit, the fiscal quarters of the Borrower
        that have been completed since the date of the Initial Extension of
        Credit.

       

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

       

      “Multiemployer
        Plan”
means
        a
        multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which any
        Loan Party or any ERISA Affiliate is making or accruing an obligation to
        make
        contributions, or has within any of the preceding five plan years made or
        accrued an obligation to make contributions.

       

      “Multiple
        Employer Plan”
means
        a
        single employer plan, as defined in Section 4001(a)(15) of ERISA, that
        (a) is maintained for employees of any Loan Party or any ERISA Affiliate
        and at least one Person other than the Loan Parties and the ERISA Affiliates
        or
        (b) was so maintained and in respect of which any Loan Party or any ERISA
        Affiliate could have liability under Section 4064 or 4069 of ERISA in the
        event such plan has been or were to be terminated.

       

      “Net
        Cash Proceeds”
means,
        with respect to (a) any sale, lease, transfer or other disposition (other
        than by short-term lease but including by way of the occurrence of an event
        that
        gives rise to insurance proceeds) of any asset (other than Inventory in the
        ordinary course of business), excluding disbursements or liquidations from
        the
        Borrower’s Non-Qualified Deferred Compensation Plan made to fund distributions
        to participants, or (b) the incurrence or issuance of any Debt or
        (c) the sale or issuance of any Equity Interests (including, without
        limitation, any capital contribution) by any Person (excluding proceeds received
        pursuant to director or employee option plans or other employee benefit plans)
        or (d) any Extraordinary Receipt received by or paid to or for the account
        of any Person, the aggregate amount of cash received from time to time (whether
        as initial consideration or through payment or disposition of deferred
        consideration) by or on behalf of such Person in connection with such
        transaction after deducting therefrom only (without duplication)
        (i) reasonable and customary brokerage commissions, underwriting fees and
        discounts, legal fees, finder’s fees and other similar fees and commissions,
        (ii) the amount of taxes estimated in the Borrower’s good faith to be paid
        in connection with or as a result of such transaction, (iii) the amount of
        any Debt secured by a Lien on such asset that, by the terms of the agreement
        or
        instrument governing such Debt, is required to be repaid upon such disposition,
        in each case to the extent, but only to the extent, that the amounts so deducted
        are, at the time of receipt of such cash, actually paid to a Person that
        is not
        an Affiliate of such Person or any Loan Party or any Affiliate of any Loan
        Party
        and are properly attributable to such transaction or to the asset that is
        the
        subject thereof, and (iv) the amount of consideration paid in connection
        with
        the purchase, repurchase or buy-out of leases or the exercise of

       

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

      
        any
          option to purchase real estate, improvements, fixtures or equipment used
          in its
          operations by the Borrower or its Subsidiaries; provided such purchase,
          re-purchase, buy-out or exercise of such option is made within six months
          of the
          receipt of such cash proceeds with respect thereto;
provided, however, that if any amounts
          described in clauses (i) and (ii) estimated to be paid in connection with
          or as
          a result of any such transaction are not paid within one year following
          the date
          of such transaction, the excess of such estimated amounts over the amount
          of
          such fees, discounts, commissions and taxes paid within such one-year period
          in
          connection with or as a result of such transaction shall be “Net Cash Proceeds”
at the end of such one-year period; provided further that Net Cash
          Proceeds shall not include any such insurance proceeds to the extent such
          insurance proceeds are applied to the replacement of the asset or property
          in
          respect of which such insurance proceeds were received, so long as such
          application is made within 12 months after the occurrence of the event
          giving
          rise to such insurance proceeds; provided further that Net Cash
          Proceeds shall not include any cash receipts from any transaction described
          in
          clause (a) or (d) above to the extent (A) such cash receipts are reinvested
          in
          the same or similar assets of the Borrower and its Subsidiaries within
          365 days
          after the date of receipt thereof or (B) the proceeds of such cash receipts
          (individually or in the aggregate) shall not exceed $10
          million.

      

       

      “Non-Qualified
        Deferred Compensation Plan”
means
        the Borrower’s 2005 Non-Qualified Savings Plan effective January 1, 2005.

       

      “Note”
means
        a
        Term Note or a Revolving Credit Note.

       

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

       

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

       

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

       

      “NPL”
means
        the National Priorities List under CERCLA.

       

      “Obligation”
means,
        with respect to any Person, any payment, performance or other obligation
        of such
        Person of any kind, including, without limitation, any liability of such
        Person
        on any claim, whether or not the right of any creditor to payment in respect
        of
        such claim is reduced to judgment, liquidated, unliquidated, fixed, contingent,
        matured, disputed, undisputed, legal, equitable, secured or unsecured, and
        whether or not such claim is discharged, stayed or otherwise affected by
        any
        proceeding referred to in Section 6.01(f). Without limiting the generality
        of the foregoing, the Obligations of any Loan Party under the Loan Documents
        include (a) the obligation to pay principal, interest, Letter of Credit
        commissions, reimbursement amounts, charges, expenses, fees, attorneys’ fees and
        disbursements, indemnities and other amounts payable by such Loan Party under
        any Loan Document and (b) the obligation of such Loan Party to reimburse
        any amount in respect of any of the foregoing that any Lender Party, in its
        sole
        discretion, may elect to pay or advance on behalf of such Loan
        Party.

       

      “Open
        Year”
has
        the
        meaning specified in Section 4.01(q)(iii).

       

      “Other
        Taxes”
has
        the
        meaning specified in Section 2.12(b).

       

      “Owned
        Real Properties”
means
        those properties listed in Schedule
        4.01(w).
        

       

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

      “Patriot
        Act”
means
        the Uniting and Strengthening America by Providing Appropriate Tools Required
        to
        Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56.

       

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

       

      “Permitted
        Disposition”
has
        the
        meaning specified in Section 5.02(e)(vi).

       

      “Permitted
        Liens”
means
        such of the following as to which no enforcement, collection, execution,
        levy or
        foreclosure proceeding shall have been commenced: (a) Liens for taxes,
        assessments and governmental charges or levies to the extent not required
        to be
        paid under Section 5.01 (b); (b) Liens imposed by law, such as
        materialmen’s, mechanics’, carriers’, workmen’s and repairmen’s Liens and other
        similar Liens arising in the ordinary course of business securing obligations
        that (i) are not overdue for a period of more than 60 days or are being
        contested in good faith and by appropriate proceedings and as to which
        appropriate reserves are being maintained and (ii) individually or together
        with all other Permitted Liens outstanding on any date of determination do
        not
        materially adversely affect the use of the property to which they relate;
        (c) pledges or deposits in the ordinary course of business to secure
        obligations under workers’ compensation laws or similar legislation or to secure
        public or statutory obligations; (d) easements, rights of way and other
        encumbrances on title to real property that do not render title to the property
        encumbered thereby unmarketable or materially adversely affect the use of
        such
        property for its present purposes; (e) Liens securing judgments for the payment
        of money not constituting an Event of Default under Section 6.01(g); and
        (f)
        deposits to secure the performance of bids, trade contracts (other than for
        borrowed money), leases, statutory obligation, surety and appeal bonds and
        other
        obligations of a like nature, in each case in the ordinary course of
        business.

       

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

       

      “Plan”
means
        a
        Single Employer Plan or a Multiple Employer Plan.

       

      “Pledge
        Agreement”
has
        the
        meaning specified in Section 3.01(a)(iii).

       

      “Pledged
        Debt”
has
        the
        meaning specified in the Pledge Agreement.

       

      “Pledged
        Shares”
has
        the
        meaning specified in the Pledge Agreement.

       

      “Post
        Petition Interest”
has
        the
        meaning specified in Section 8.08(b).

       

      “Preferred
        Interests”
means,
        with respect to any Person, Equity Interests issued by such Person that are
        entitled to a preference or priority over any other Equity Interests issued
        by
        such Person upon any distribution of such Person’s property and assets, whether
        by dividend or upon liquidation.

       

      “Pro
        Rata Share”
of
        any
        amount means, with respect to any Revolving Credit Lender at any time, the
        product of such amount times
        a
        fraction the numerator of which is the amount of such Lender’s Revolving Credit
        Commitment at such time (or, if the Commitments shall have been terminated
        pursuant to Section 2.05 or 6.01, such Lender’s Revolving Credit Commitment
        as in effect immediately prior to such termination) and the denominator of
        which
        is an amount equal to the Revolving Credit Facility at such time (or, if
        the
        Commitments shall have been terminated pursuant to Section 2.05 or 6.01,
        the Revolving Credit Facility as in effect immediately prior to such
        termination).

       

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

      “Real
        Property Lease”
means
        all of the leases of real property under which any Loan Party or any of its
        Subsidiaries is the lessor or the lessee from time to time.

       

      “Redeemable”
means,
        with respect to any Equity Interest, any such Equity Interest that (a) the
        issuer has undertaken to redeem at a fixed or determinable date or dates,
        whether by operation of a sinking fund or otherwise, or upon the occurrence
        of a
        condition not solely within the control of the issuer or (b) is redeemable
        at the option of the holder.

       

      “Refinancing”
has
        the
        meaning specified in the Preliminary Statements.

       

      “Register”
has
        the
        meaning specified in Section 9.07(d).

       

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

       

      “Related
        Documents”
means
        the Tender Offer Documents made by the Borrower to its shareholders, any
        other
        document related to the Repurchase.

       

      “Replaced
        Lender”
has
        the
        meaning specified in Section 2.17.

       

      “Replacement
        Lender”
has
        the
        meaning specified in Section 2.17.

       

      “Repurchase”
has
        the
        meaning specified in the Preliminary Statements.

       

      “Required
        Lenders”
means,
        at any time, Lenders owed or holding at least a majority in interest of the
        sum
        of (a) the aggregate principal amount of the Advances outstanding at such
        time, (b) the aggregate Available Amount of all Letters of Credit
        outstanding at such time, (c) the aggregate unused Term Commitments at such
        time and (d) the aggregate Unused Revolving Credit Commitments at such time;
        provided,
        however,
        that if
        any Lender shall be a Defaulting Lender at such time, there shall be excluded
        from the determination of Required Lenders at such time (i) the aggregate
        principal amount of the Advances owing to such Lender (in its capacity as
        a
        Lender) and outstanding at such time, (ii) such Lender’s Pro Rata Share of
        the aggregate Available Amount of all Letters of Credit outstanding at such
        time, (iii) the aggregate unused Term Commitment of such Lender at such
        time and (iv) the Unused Revolving Credit Commitment of such Lender at such
        time. For purposes of this definition, the aggregate principal amount of
        Swing
        Line Advances owing to the Swing Line Bank and L/C Credit Extensions owing
        to
        the Issuing Bank and the Available Amount of each Letter of Credit shall
        be
        considered to be owed to the Revolving Credit Lenders ratably in accordance
        with
        their respective Revolving Credit Commitments.

       

      “Required
        Revolving Credit Lenders”
means,
        at any time, Revolving Credit Lenders owed or holding at least a majority
        in
        interest of the sum of (a) the aggregate principal amount of (i) the
        Revolving Credit Advances, (ii) the Swing Line Advances and (iii) the L/C
        Credit
        Extensions outstanding at such time, (b) the aggregate Available Amount of
        all Letters of Credit outstanding at such time and (c) the aggregate Unused
        Revolving Credit Commitments at such time; provided,
        however,
        that if
        any Revolving Credit Lender shall be a Defaulting Lender at such time, there
        shall be excluded from the determination of Required Revolving Credit Lenders
        at
        such time (i) the aggregate principal amount of (A) the revolving
        Credit Advances, (B) the Swing Line Advances and (C) the L/C Credit Extensions
        owing to such Revolving Credit Lender (in its capacity as a Revolving Credit
        Lender) and outstanding at such time, (ii) such Revolving Credit Lender’s
        Pro Rata Share of the aggregate Available Amount of all Letters of Credit
        outstanding at such time and (iii) the Unused Revolving Credit Commitment
        of such Revolving Credit Lender at such time. For purposes of this definition,
        the aggregate principal amount of Swing Line Advances owing to the Swing
        Line
        Bank and L/C Credit Extensions owing to the Issuing Bank and the Available
        Amount of each Letter of Credit shall be considered to be owed to the Revolving
        Credit Lenders ratably in accordance with their respective Revolving Credit
        Commitments.

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

       

      “Responsible
        Officer”
means
        any officer of any Loan Party or any of its Subsidiaries.

       

      “Revolving
        Credit Advance”
has
        the
        meaning specified in Section 2.01(b).

       

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

       

      “Revolving
        Credit Commitment”
means,
        with respect to any Revolving Credit Lender at any time, the amount set forth
        in
        the Lender Addendum delivered by such Revolving Credit Lender under the caption
        “Revolving Credit Commitment” or, if such Lender has entered into one or more
        Assignment and Acceptances, set forth for such Lender in the Register maintained
        by the Administrative Agent pursuant to Section 9.07(d) as such Lender’s
“Revolving Credit Commitment”, as such amount may be reduced at or prior to such
        time pursuant to Section 2.05. The aggregate Revolving Credit Commitments
        are (before giving effect to any reduction pursuant to Section 2.05) $250
        million.

       

      “Revolving
        Credit Commitment Fee”
has
        the
        meaning specified in Section 2.08(a).

       

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

       

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

       

      “Revolving
        Credit Note”
means
        a
        promissory note of the Borrower payable to the order of any Revolving Credit
        Lender, in substantially the form of Exhibit A-1 hereto, evidencing the
        aggregate indebtedness of the Borrower to such Lender resulting from the
        Revolving Credit Advances, L/C Credit Extensions and Swing Line Advances
        made by
        such Lender, as amended, endorsed or replaced.

       

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

       

      “Secured
        Hedge Agreement”
means
        any Hedge Agreement required or permitted under Article V that is entered
        into
        by and between any Loan Party and any Hedge Bank and that is secured by the
        Collateral Documents.

       

      “Secured
        Obligations”
has
        the
        meaning specified in Section 2 of the Pledge Agreement and shall include,
        without limitation, the obligations of the Borrower under each Secured Hedge
        Agreement.

       

      “Secured
        Parties”
means
        the Agents, the Lender Parties and the Hedge Banks.

       

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

      

      “Single
        Employer Plan”
means
        a
        single employer plan, as defined in Section 4001(a)(15) of ERISA, that
        (a) is maintained for employees of any Loan Party or any ERISA Affiliate
        and no Person other than the Loan Parties and the ERISA Affiliates or
        (b) was so maintained and in respect of which any Loan Party or any ERISA
        Affiliate could have liability under Section 4069 of ERISA in the event
        such plan has been or were to be terminated.

       

      “Solvent”
and
        “Solvency”
mean,
        with respect to any Person on a particular date, that on such date, after
        giving
        effect to any transaction contemplated to be consummated as of such date,
        (a) the fair value of the property of such Person is greater than the total
        amount of liabilities, including, without limitation, contingent liabilities,
        of
        such Person, (b) the present fair salable value of the assets of such
        Person is not less than the amount that will be required to pay the probable
        liability of such Person on its debts as they become absolute and matured,
        (c) such Person does not intend to, and does not believe that it will,
        incur debts or liabilities beyond such Person’s ability to pay such debts and
        liabilities as they mature and (d) such Person is not engaged in business
        or a transaction, and is not about to engage in business or a transaction,
        for
        which such Person’s property would constitute an unreasonably small capital. The
        amount of contingent liabilities at any time shall be computed as the amount
        that, in the light of all the facts and circumstances existing at such time,
        represents the amount that can reasonably be expected to become an actual
        or
        matured liability.

       

      “SPC”
has
        the
        meaning specified in Section 9.07(k).

       

      “Subordinated
        Obligations”
has
        the
        meaning specified in Section 8.08.

       

      “Subsidiary”
of
        any
        Person means any corporation, partnership, joint venture, limited liability
        company, trust or estate of which (or in which) more than 50% of (a) the
        issued and outstanding capital stock having ordinary voting power to elect
        a
        majority of the Board of Directors of such corporation (irrespective of whether
        at the time capital stock of any other class or classes of such corporation
        shall or might have voting power upon the occurrence of any contingency),
        (b) the interest in the capital or profits of such partnership, joint
        venture or limited liability company or (c) the beneficial interest in such
        trust or estate is at the time directly or indirectly owned or controlled
        by
        such Person, by such Person and one or more of its other Subsidiaries or
        by one
        or more of such Person’s other Subsidiaries.

       

      “Supplemental
        Collateral Agent”
has
        the
        meaning specified in Section 7.01(c).

       

      “Surviving
        Debt”
means
        Debt of each Loan Party and its Subsidiaries outstanding immediately before
        giving effect to the Initial Extension of Credit that remains outstanding
        immediately after giving effect to the Initial Extension of Credit, other
        than
        intercompany debt.

       

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

       

      “Swing
        Line Bank”
means
        Wachovia and any Eligible Assignee to which the Swing Line Commitment hereunder
        has been assigned pursuant to Section 9.07 so long as such Eligible Assignee
        expressly agrees to perform in accordance with their terms all obligations
        that
        by the terms of this Agreement are required to be performed by it as a Swing
        Line Bank and notifies the Administrative Agent of its Applicable Lending
        Office
        and the amount of its Swing Line Commitment (which information shall be recorded
        by the Administrative Agent in the Register), for so long as Wachovia or
        such
        Eligible Assignee, as the case may be, shall have a Swing Line Commitment.
        

       

      
        
          
          

        

        
          22

          
            

          

        

        
          
          

        

      

      “Swing
        Line Borrowing”
means
        a
        borrowing consisting of a Swing Line Advance made by the Swing Line Bank
        pursuant to Section 2.01(c) or the Revolving Credit Lenders pursuant to Section
        2.02(b).

       

      “Swing
        Line Commitment”
means,
        with respect to the Swing Line Bank at any time, the amount set forth in
        the
        Lender Addendum delivered by the Swing Line Bank under the caption “Swing Line
        Commitment” or, if the Swing Line Bank has entered into an Assignment and
        Acceptance, set forth for the Swing Line Bank in the Register maintained
        by the
        Administrative Agent pursuant to Section 9.07(d) as the Swing Line Bank’s “Swing
        Line Commitment”, as such amount may be reduced at or prior to such time
        pursuant to Section 2.05. The aggregate Swing Line Commitments are (before
        giving effect to any reduction pursuant to Section 2.05)
        $25,000,000.

       

      “Swing
        Line Facility”
means,
        at any time, an amount equal to the amount of the Swing Line Bank’s Swing Line
        Commitment at such time, as such amount may be reduced at or prior to such
        time
        pursuant to Section 2.05.

       

      “Synthetic
        Debt”
means,
        with respect to any Person, without duplication of any clause within the
        definition of “Debt,” all (a) Obligations of such Person under any lease that is
        treated as an operating lease for financial accounting purposes and a financing
        lease for tax purposes (i.e., a “synthetic lease”), (b) Obligations of such
        Person in respect of transactions entered into by such Person, the proceeds
        from
        which would be reflected on the financial statements of such Person in
        accordance with GAAP as cash flows from financings at the time such transaction
        was entered into (other than as a result of the issuance of Equity Interests)
        and (c) Obligations of such Person in respect of other transactions entered
        into
        by such Person that are not otherwise addressed in the definition of “Debt” or
        in clause (a) or (b) above that are intended to function primarily as a
        borrowing of funds (including, without limitation, any minority interest
        transactions that functions primarily as a borrowing.

       

      “Taxes”
has
        the
        meaning specified in Section 2.12(a).

       

      “Tender
        Offer Documents”
means
        the Offer to Purchase of the Borrower dated March 31, 2006 and the related
        Tender Offer Statement on Schedule TO and all attachments and exhibits
        thereto.

       

      “Term
        Advance”
means
        a
        Term B-1 Advance or a Term B-2 Advance.

       

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

       

      “Term
        Commitment”
means,
        with respect to any Term Lender at any time, the sum of such Lender’s Term B-1
        Commitment and such Lender’s Term B-2 Commitment.

       

      “Term
        Facility”
means,
        collectively, the Term B-1 Facility and the Term B-2 Facility.

       

      “Term
        Lender”
means
        any Term B-1 Lender or Term B-2 Lender.

       

      “Term
        Note”
means
        a
        promissory note of the Borrower payable to the order of any Term Lender,
        in
        substantially the form of Exhibit A-2 hereto, evidencing the indebtedness
        of the
        Borrower to such Lender resulting from the Term Advance made by such Lender,
        as
        amended, endorsed or replaced.

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

      “Term
        B-1 Advance”
has
        the
        meaning specified in Section 2.01(a)(i).

       

      “Term
        B-1 Commitment”
means,
        with respect to any Term B-1 Lender at any time, the amount set forth in
        the
        Lender Addendum delivered by such Term B-1 Lender under the caption “Term B-1
        Commitment” or, if such Lender has entered into one of more Assignment and
        Acceptances, set forth for such Lender in the Register maintained by the
        Administrative Agent pursuant to Section 9.07(d) as such Lender’s “Term B-1
        Commitment”, as such amount may be reduced at or prior to such time pursuant to
        Section 2.05. The aggregate Term B-1 Commitments are (before giving effect
        to
        any reduction pursuant to Section 2.05) $800 million.

       

      “Term
        B-1 Facility”
means,
        at any time, the aggregate amount of the Term B-1 Lenders’ Term B-1 Commitments
        at such time.

       

      “Term
        B-1 Lender”
means
        any Lender that has a Term B-1 Commitment.

       

      “Term
        B-2 Advance”
has
        the
        meaning specified in Section 2.01(a)(ii).

       

      “Term
        B-2 Availability Period”
means
        the period from and including the Effective Date to the earlier of (a) October
        27, 2007 and (b) the date of termination in whole of the Term Commitments
        pursuant to Section 2.05 or 6.01.

       

      “Term
        B-2 Commitment”
means,
        with respect to any Term B-2 Lender at any time, the amount set forth in
        the
        Lender Addendum delivered by such Term B-2 Lender under the caption “Term B-2
        Commitment” or, if such Lender has entered into one of more Assignment and
        Acceptances, set forth for such Lender in the Register maintained by the
        Administrative Agent pursuant to Section 9.07(d) as such Lender’s “Term B-2
        Commitment”, as such amount may be reduced at or prior to such time pursuant to
        Section 2.05. The aggregate Term B-2 Commitments are (before giving effect
        to
        any reduction pursuant to Section 2.05) $200 million.

       

      “Term
        B-2 Facility”
means,
        at any time, the aggregate amount of the Term B-2 Lenders’ Term B-2 Commitments
        at such time.

       

      “Term
        B-2 Lender”
means
        any Lender that has a Term B-2 Commitment.

       

      “Termination
        Date”
means
        (a) with respect to the Term Facility, the earlier of April 27, 2013 and
        the
        date of termination in whole of the Term Commitments pursuant to Section
        2.05 or
        Section 6.01, and (b) with respect to the Revolving Credit Facility, the
        earlier
        of April 27, 2011 and the date of termination in whole of the Revolving Credit
        Commitments pursuant to Section 2.05 or 6.01 and (c) with respect to
        the Swing Line Facility and the Letter of Credit Facility, the earlier of
        April
        27, 2011 and the date of termination in whole of the Swing Line Facility
        or the
        Letter of Credit Commitment, as the case may be, in each case pursuant to
        Section 2.05 or 6.01.

       

      “Transaction”
means
        the Repurchase and the other transactions contemplated by the Transaction
        Documents.

       

      “Transaction
        Documents”
means,
        collectively, the Loan Documents and the Related Documents.

       

      “Type”
refers
        to the distinction between Advances bearing interest at the Base Rate and
        Advances bearing interest at the Eurodollar Rate.

       

      
        
          
          

        

        
          24

          
            

          

        

        
          
          

        

      

      “Unused
        Revolving Credit Commitment”
means,
        with respect to any Revolving Credit Lender at any time, an amount equal
        to
        (a) such Lender’s Revolving Credit Commitment at such time minus
        (b) the sum of (i) the aggregate principal amount of all Revolving
        Credit Advances, Swing Line Advances and L/C Credit Extensions made by such
        Lender (in its capacity as a Lender) and outstanding at such time plus
        (without
        duplication of any amount described in clause (i)) (ii) such Lender’s Pro
        Rata Share of (A) the aggregate Available Amount of all Letters of Credit
        outstanding at such time, (B) the aggregate principal amount of all L/C
        Credit Extensions made by the Issuing Bank pursuant to Section 2.03(c) and
        outstanding at such time and (C) the aggregate principal amount of all Swing
        Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and
        outstanding at such time. For the avoidance of doubt, such Lender’s Pro Rata
        Share of the amounts in clauses (b)(ii)(B) and (b)(ii)(C) above shall be
        reduced
        on a dollar-for-dollar basis by the amount of L/C Credit Extensions or Swing
        Line Advances, as applicable, made by such Lender, as described in clause
        (b)(i)
        above.

       

      “Voting
        Interests”
means
        shares of capital stock issued by a corporation, or equivalent Equity Interests
        in any other Person, the holders of which are ordinarily, in the absence
        of
        contingencies, entitled to vote for the election of directors (or persons
        performing similar functions) of such Person, even if the right so to vote
        has
        been suspended by the happening of such a contingency.

       

      “Wachovia”
has
        the
        meaning specified in the Preliminary Statements.

       

      “Welfare
        Plan”
means
        a
        welfare plan, as defined in Section 3(1) of ERISA, that is maintained for
        employees of any Loan Party or in respect of which any Loan Party could have
        liability.

       

      “Withdrawal
        Liability”
has
        the
        meaning specified in Part I of Subtitle E of Title IV of ERISA.

       

      SECTION
        1.02.   Computation
        of Time Periods; Other Definitional Provisions. 
        In this Agreement and the other Loan Documents in the computation of periods
        of
        time from a specified date to a later specified date, the word “from”
means
        “from and including” and the words “to”
and
        “until”
each
        mean “to but excluding”. References in the Loan Documents to any agreement or
        contract “as
        amended”
shall
        mean and be a reference to such agreement or contract as amended, amended
        and
        restated, supplemented or otherwise modified from time to time in accordance
        with its terms.

       

      SECTION
        1.03.   Accounting
        Terms.
         All accounting terms not specifically defined herein shall be construed in
        accordance with generally accepted accounting principles consistent with
        those
        applied in the preparation of the financial statements referred to in
        Section 4.01(i) (“GAAP”).

       

      
        
          
          

        

        
          25

          
            

          

        

        
          
          

        

      

       

      ARTICLE
        II  

       

      AMOUNTS
        AND TERMS OF THE ADVANCES

      AND
        THE LETTERS OF CREDIT

       

      SECTION
        2.01.   The
        Advances and the Letters of Credit.
        (a)(i)
The
        Term B-1 Advances.
        Each
        Term B-1 Lender severally agrees, on the terms and conditions hereinafter
        set
        forth, to make a single advance (a “Term
        B-1 Advance”)
        to the
        Borrower on or after the Effective Date in an amount not to exceed such Lender’s
        Term B-1 Commitment at such time, consisting of Term B-1 Advances made
        simultaneously by the Term B-1 Lenders ratably according to their Term B-1
        Commitments. Amounts borrowed under this Section 2.01(a)(i) and repaid or
        prepaid may not be reborrowed.

       

      (ii)
        The
        Term B-2 Advances.
        Each
        Term B-2 Lender severally agrees, on the terms and conditions hereinafter
        set
        forth, to make either one advance or two advances of equal principal amount
        (each, a “Term
        B-2 Advance”)
        to the
        Borrower on any Business Day during the Term B-2 Availability Period in an
        aggregate amount for all such advances not to exceed such Lender’s Term B-2
        Commitment at such time, consisting of Term B-2 Advances made simultaneously
        by
        the Term B-2 Lenders ratably according to their Term B-2 Commitments. Amounts
        borrowed under this Section 2.01(a)(ii) and repaid or prepaid may not be
        reborrowed.

       

      (b)  The
        Revolving Credit Advances.
        Each
        Revolving Credit Lender severally agrees, on the terms and conditions
        hereinafter set forth, to make advances (each a “Revolving
        Credit Advance”)
        to the
        Borrower from time to time on any Business Day during the period from the
        Business Day after the date of Initial Extension of Credit until the Termination
        Date in respect of the Revolving Credit Facility in an amount for each such
        Advance not to exceed such Lender’s Unused Revolving Credit Commitment at such
        time. Each Revolving Credit Borrowing shall be, in the case of a Eurodollar
        Rate
        Advance, in an aggregate amount of $5,000,000 or an integral multiple of
        $100,000 in excess thereof, or, in the case of a Base Rate Advance, in an
        aggregate amount of $1,000,000 or an integral multiple of $100,000 in excess
        thereof (other than a Revolving Credit Borrowing the proceeds of which shall
        be
        used solely to repay or prepay in full outstanding Swing Line Advances or
        outstanding L/C Credit Extensions) and shall consist of Revolving Credit
        Advances made simultaneously by the Revolving Credit Lenders ratably according
        to their Revolving Credit Commitments. Within the limits of each Revolving
        Credit Lender’s Unused Revolving Credit Commitment in effect from time to time,
        the Borrower may borrow under this Section 2.01(b), prepay pursuant to
        Section 2.06(a) and reborrow under this Section 2.01(b).

       

      (c)  The
        Swing Line Advances.
        The
        Swing Line Bank agrees on the terms and conditions hereinafter set forth,
        to
        make Swing Line Advances to the Borrower from time to time on any Business
        Day
        during the period from the Effective Date until the Termination Date in respect
        of the Revolving Credit Facility (i) in an aggregate amount for all Swing
        Line
        Advances not to exceed at any time outstanding the Swing Line Bank’s Swing Line
        Commitment at such time and (ii) in an amount for each such Swing Line Borrowing
        not to exceed the aggregate of the Unused Revolving Credit Commitments of
        the
        Revolving Credit Lenders at such time. No Swing Line Advance shall be used
        for
        the purpose of funding the payment of principal of any other Swing Line Advance.
        Each Swing Line Borrowing
        shall be in an amount of $100,000 or an integral multiple of $100,000 in
        excess
        thereof and shall bear interest at the Base Rate plus the Applicable Percentage
        then applicable, or a rate mutually agreed by the Borrower and the Swing
        Line
        Bank. Within the limits of the Swing Line Facility and within the limits
        referred to in clause (ii) above, the Borrower may borrow under this Section
        2.01(c), repay pursuant to Section 2.04(c) or prepay pursuant to Section
        2.06(a)
        and reborrow under this Section 2.01(c). Immediately upon the making of a
        Swing
        Line Advance, each Revolving Credit Lender shall be deemed to, and hereby
        irrevocably and unconditionally agrees to, purchase from the Swing Line Bank
        a
        risk participation in such Swing Line Advance in an amount equal to such
        Lender’s Pro Rata Share of such Swing Line Advance.

       

       

      
        
          
          

        

        
          26

          
            

          

        

        
          
          

        

      

       

      (d)  The
        Letters of Credit.
        The
        Existing Issuing Bank, the Lenders and the Borrower agree that effective
        as of
        the Effective Date, the Existing Letter of Credit shall be deemed to have
        been
        issued and maintained under, and to be governed by the terms and conditions
        of,
        this Agreement. Each Issuing Bank (other than the Existing Issuing Bank)
        agrees,
        on the terms and conditions hereinafter set forth, to issue (or cause its
        Affiliate that is a commercial bank to issue on its behalf) letters of credit
        (together with the Existing Letter of Credit, the “Letters
        of Credit”)
        in
        U.S. Dollars for the account of the Borrower from time to time on any Business
        Day during the period from the Effective Date until 60 days before the
        Termination Date in respect of the Revolving Credit Facility in an aggregate
        Available Amount (i) for all Letters of Credit not to exceed at any time
        the lesser of (x) the Letter of Credit Facility at such time and (y) 
the Issuing Bank’s Letter of Credit Commitment at such time and (ii) for
        each such Letter of Credit not to exceed the Unused Revolving Credit Commitments
        of the Revolving Credit Lenders at such time. No Letter of Credit shall have
        an
        expiration date (including all rights of the Borrower or the beneficiary
        to
        require renewal) later than the earlier of (a) one year after its date of
        issuance and (b) the 60th day prior to the Termination Date in respect of
        the
        Revolving Credit Facility, but may by its terms be renewable annually in
        accordance with the applicable Letter of Credit Agreement. Within the limits
        of
        the Letter of Credit Facility, and subject to the limits referred to above,
        the
        Borrower may request the issuance of Letters of Credit under this
        Section 2.01(d), repay any L/C Credit Extensions resulting from drawings
        thereunder pursuant to Section 2.03(c) and request the issuance of
        additional Letters of Credit under this Section 2.01(d). Notwithstanding
        anything to the contrary contained herein or in the Existing Letter of Credit
        (including any automatic renewal provision), the Existing Letter of Credit
        may
        not be renewed after the Effective Date and shall expire on the expiration
        date
        in effect as of the Effective Date without giving effect to any renewal of
        the
        Existing Letter of Credit.

       

      SECTION
        2.02.   Making
        the Advances.

       

                       (a)
        Except as
        otherwise provided in Section 2.02(b) or 2.03, each Borrowing shall be made
        on notice, given not later than 11:00 A.M. (Charlotte, North Carolina time)
        on the third Business Day prior to the date of the proposed Borrowing in
        the
        case of a Borrowing consisting of Eurodollar Rate Advances, or the date of
        the
        proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances,
        by the Borrower to the Administrative Agent, which shall give to each
        Appropriate Lender prompt notice thereof. Each such notice of a Borrowing
        (a
“Notice
        of Borrowing”)
        shall
        be in writing, or by telephone, confirmed promptly in writing, or telex or
        telecopier, in substantially the form of Exhibit B hereto, specifying therein
        the requested (i) date of such Borrowing, (ii) Facility under which
        such Borrowing is to be made, (iii) Type of Advances comprising such
        Borrowing, (iv) aggregate amount of such Borrowing and (v) in the case
        of a Borrowing consisting of Eurodollar Rate Advances, initial Interest Period
        for each such Advance. Each Appropriate Lender shall, before 11:00 A.M.
        (Charlotte, North Carolina time) in the case of a Borrowing consisting of
        Eurodollar Rate Advances and 2:00 P.M. (Charlotte, North Carolina time) in
        the
        case of a Borrowing consisting of Base Rate Advances, in each case on the
        date
        of such Borrowing, make available for the account of its Applicable Lending
        Office to the Administrative Agent at the Administrative Agent’s Account, in
        same day funds, such Lender’s ratable portion of such Borrowing in accordance
        with the respective Commitments under the applicable Facility of such Lender
        and
        the other Appropriate Lenders. After the Administrative Agent’s receipt of such
        funds and upon fulfillment of the applicable conditions set forth in
        Article III, the Administrative Agent will make such funds available to the
        Borrower by crediting the Borrower’s Account no later than 2:00 P.M. (Charlotte,
        North Carolina time) on the date of such Borrowing); provided,
        however,
        that, in
        the case of any Revolving Credit Borrowing, the Administrative Agent shall
        first
        apply such funds to prepay ratably the aggregate principal amount of any
        Swing
        Line Advances and L/C Credit Extensions outstanding at such time, together
        with
        interest accrued and unpaid thereon to and as of such date.

       

      
        
          
          

        

        
          27

          
            

          

        

        
          
          

        

      

      (b)  (i)
        Each
        Swing Line Borrowing shall be made on notice, given not later than
        11:00 A.M. (Charlotte, North Carolina time) on the date of the proposed
        Swing Line Borrowing, by the Borrower to the Swing Line Bank and the
        Administrative Agent. Each such notice of a Swing Line Borrowing (a
“Notice
        of Swing Line Borrowing”)
        shall
        be in writing, or by telephone, confirmed promptly in writing, or telex or
        telecopier, specifying therein the requested (i) date of such Borrowing,
        (ii) amount of such Borrowing and (iii) maturity of such Borrowing
        (which maturity shall be no later than the seventh day after the requested
        date
        of such Borrowing). The Swing Line Bank will make the amount of the requested
        Swing Line Advances available to the Administrative Agent at the Administrative
        Agent’s Account, in same day funds. After the Administrative Agent’s receipt of
        such funds and upon fulfillment of the applicable conditions set forth in
        Article III, the Administrative Agent will make such funds available to the
        Borrower by crediting the Borrower’s Account no later than 2:00 P.M. (Charlotte,
        North Carolina time) on the date of such Borrowing).

       

      (ii)  The
        Swing
        Line Bank may, at any time in its sole and absolute discretion, request on
        behalf of the Borrower (and the Borrower hereby irrevocably authorizes the
        Swing
        Line Bank to so request on its behalf) that each Revolving Credit Lender
        make a
        Base Rate Advance in an amount equal to such Lender’s Pro Rata Share of the
        amount of Swing Line Advances then outstanding. Such request shall be deemed
        to
        be a Notice of Borrowing for purposes hereof and shall be made in accordance
        with the provisions of Section 2.02(a) without regard solely to the minimum
        amounts specified therein but subject to the satisfaction of the conditions
        set
        forth in Section 3.02. The Swing Line Bank shall furnish the Borrower with
        a
        copy of the applicable Notice of Borrowing promptly after delivering such
        notice
        to the Administrative Agent. Each Revolving Credit Lender shall make an amount
        equal to its Pro Rata Share of the amount specified in such Notice of Borrowing
        available for the account of its Applicable Lending Office to the Administrative
        Agent for the account of the Swing Line Bank, by deposit to the Administrative
        Agent’s Account, in same date funds, not later than 11:00 A.M. on the day
        specified in such Notice of Borrowing.

       

      (iii)  If
        for
        any reason any Swing Line Advance cannot be refinanced by a Revolving Credit
        Borrowing as contemplated by Section 2.02(b)(ii), the request for Base Rate
        Advances submitted by the Swing Line Bank as set forth in Section 2.02(b)(ii)
        shall be deemed to be a request by the Swing Line Bank that each of the
        Revolving Credit Lenders fund its risk participation in the relevant Swing
        Line
        Advance and each Revolving Credit Lender’s payment to the Administrative Agent
        for the account of the Swing Line Bank pursuant to Section 2.02(b)(ii) shall
        be
        deemed payment in respect of such participation.

       

      (iv)  If
        and to
        the extent that any Revolving Credit Lender shall not have made the amount
        of
        its Pro Rata Share of such Swing Line Advance available to the Administrative
        Agent in accordance with the provisions of Section 2.02(b)(ii), such Revolving
        Credit Lender agrees to pay to the Administrative Agent forthwith on demand
        such
        amount together with interest thereon, for each day from the date of the
        applicable Notice of Borrowing delivered by the Swing Line Bank until the
        date
        such amount is paid to the Administrative Agent, at the Federal Funds Rate
        plus
        1/2 of
        1%.

       

       

      
        
          
          

        

        
          28

          
            

          

        

        
          
          

        

      

      (v)  Each
        Revolving Credit Lender’s obligation to make Revolving Credit Advances or to
        purchase and fund risk participations in Swing Line Advance pursuant to this
        Section 2.02(b) shall be absolute and unconditional and shall not be affected
        by
        any circumstance, including (A) any set-off, counterclaim, recoupment, defense
        or other right which such Lender may have against the Swing Line Bank, the
        Borrower or any other Person for any reason whatsoever, (B) the occurrence
        or
        continuance of a Default, or (C) any other occurrence, event or condition,
        whether or not similar to any of the foregoing; provided,
        however,
        that
        each Revolving Credit Lender’s obligation to make Revolving Credit Advances
        pursuant to Section 2.02(b)(ii) is subject to satisfaction of the conditions
        set
        forth in Section 3.02. No funding of risk participations shall relieve or
        otherwise impair the obligation of the Borrower to repay Swing Line Advances,
        together with interest as provided herein.

       

      (c)  Anything
        in subsection (a) above to the contrary notwithstanding, (i) the
        Borrower may not select Eurodollar Rate Advances for the initial Borrowing
        hereunder or for any Borrowing during the period from the date hereof until
        the
        earlier of (x) thirty days thereafter and (y) the completion of the primary
        syndication of the Facilities, as determined by the Administrative Agent
        in its
        sole discretion, or for any Borrowing if the aggregate amount of such Borrowing
        is less than $5,000,000 or if the obligation of the Appropriate Lenders to
        make
        Eurodollar Rate Advances shall then be suspended pursuant to Section 2.09
        or Section 2.10 and (ii) the Term Advances may not be outstanding as part
        of
        more than 6 separate Borrowings and the Revolving Credit Advances may not
        be
        outstanding as part of more than 5 separate Borrowings.

       

      (d)  Each
        Notice of Borrowing and each Notice of Swing Line Borrowing shall be irrevocable
        and binding on the Borrower. In the case of any Borrowing that the related
        Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances,
        the Borrower shall indemnify each Appropriate Lender against any loss, cost
        or
        expense incurred by such Lender as a result of any failure by the Loan Parties
        to fulfill on or before the date specified in such Notice of Borrowing for
        such
        Borrowing the applicable conditions set forth in Article III, including,
        without limitation, any loss (including loss of anticipated profits), cost
        or
        expense incurred by reason of the liquidation or reemployment of deposits
        or
        other funds acquired by such Lender to fund the Advance to be made by such
        Lender as part of such Borrowing when such Advance, as a result of such failure,
        is not made on such date.

       

      (e)  Unless
        the Administrative Agent shall have received written notice from an Appropriate
        Lender prior to the date of any Borrowing under a Facility under which such
        Lender has a Commitment that such Lender will not make available to the
        Administrative Agent such Lender’s ratable portion of such Borrowing, the
        Administrative Agent may assume that such Lender has made such portion available
        to the Administrative Agent on the date of such Borrowing in accordance with
        subsection (a) of this Section 2.02 and the Administrative Agent may,
        in reliance upon such assumption, make available to the Borrower on such
        date a
        corresponding amount. If and to the extent that such Lender shall not have
        so
        made such ratable portion available to the Administrative Agent, such Lender
        and
        the Borrower severally agree to repay or pay to the Administrative Agent
        forthwith on demand such corresponding amount and to pay interest thereon,
        for
        each day from the date such amount is made available to the Borrower until
        the
        date such amount is repaid or paid to the Administrative Agent, at (i) in
        the case of the Borrower, the interest rate applicable at such time under
        Section 2.07 to Advances comprising such Borrowing and (ii) in the
        case of such Lender, the Federal Funds Rate plus
        1/2 of
        1%. If such Lender shall pay to the Administrative Agent such corresponding
        amount, such amount so paid shall constitute such Lender’s Advance as part of
        such Borrowing for all purposes.

      
        
          
          

        

        
          29

          
            

          

        

        
          
          

        

      

       

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

       

      SECTION
        2.03.   Issuance
        of and Drawings and Reimbursement Under Letters of Credit 
        

       

      (a) Request
        for Issuance.
        Each
        Letter of Credit shall be issued upon notice, given not later than
        11:00 A.M. (Charlotte, North Carolina time) on the tenth Business Day prior
        to the date of the proposed issuance of such Letter of Credit (or such later
        day
        as the Issuing Bank shall agree), by the Borrower to the Issuing Bank, which
        shall give to the Administrative Agent prompt notice thereof by telecopier
        or
        electronic communication. Each such notice of issuance of a Letter of Credit
        (a
“Notice
        of Issuance”)
        shall
        be in writing, or by telephone, confirmed promptly in writing, or telecopier
        or
        electronic communication, specifying therein the requested (i) date of such
        issuance (which shall be a Business Day), (ii) Available Amount of such
        Letter of Credit (which amount shall not be less than $1,000,000 unless
        otherwise agreed by the Issuing Bank and to the Administrative Agent),
        (iii) expiration date of such Letter of Credit, (iv) name and address
        of the beneficiary of such Letter of Credit and (v) form of such Letter of
        Credit, and shall be accompanied by such application and agreement for letter
        of
        credit as the Issuing Bank may specify to the Borrower for use in connection
        with such requested Letter of Credit (a “Letter
        of Credit Agreement”).
        If
        (A) the requested form of such Letter of Credit is acceptable to the
        Issuing Bank in its sole discretion and (B) it has not received notice of
        objection to such issuance from the Required Lenders, the Issuing Bank will,
        upon fulfillment of the applicable conditions set forth in Article III,
        make such Letter of Credit available to the Borrower at the Issuing Bank’s
        office referred to in Section 9.02 or as otherwise agreed with the Borrower
        in connection with such issuance. In the event and to the extent that the
        provisions of any Letter of Credit Agreement shall conflict with this Agreement,
        the provisions of this Agreement shall govern.

       

      (b)  Letter
        of Credit Reports.
        Upon
        request by the Administrative Agent, the Issuing Bank shall furnish (i) to
        the Administrative Agent on or about the first Business Day of each month
        a
        written report summarizing issuance and expiration dates of Letters of Credit
        issued during the previous month and drawings during such month under all
        Letters of Credit, (ii) to each Revolving Credit Lender on or about the
        first Business Day of each month a written report summarizing issuance and
        expiration dates of Letters of Credit issued during the preceding month and
        drawings during such month under all Letters of Credit and (iii) to the
        Administrative Agent and each Revolving Credit Lender on or about the first
        Business Day of each calendar quarter a written report setting forth the
        average
        daily aggregate Available Amount during the preceding calendar quarter of
        all
        Letters of Credit.

       

      (c)  Participations
        in Letters of Credit.
        Upon
        the issuance of a Letter of Credit by the Issuing Bank under Section 2.03(a)
        or
        the deemed issuance of the Existing Letter of Credit under Section 2.01(e),
        the
        Issuing Bank shall be deemed, without further action by any party hereto,
        to
        have sold to each Revolving Credit
        Lender, and each such Revolving Credit Lender shall be deemed, without further
        action by any party hereto, to have purchased from the Issuing Bank, a

       

      
        
          
          

        

        
          30

          
            

          

        

        
          
          

        

      

      participation
        in such Letter of Credit in an amount for each Revolving Credit Lender equal
        to
        such Lender’s Pro Rata Share of the Available Amount of such Letter of Credit,
        effective upon the issuance of such Letter of Credit. In consideration and
        in
        furtherance of the foregoing, each Revolving Credit Lender hereby absolutely
        and
        unconditionally agrees to pay such Lender’s Pro Rata Share of each L/C
        Disbursement made by the Issuing Bank and not reimbursed by the Borrower
        forthwith on the date due as provided in Section 2.04(d) (or which has been
        so
        reimbursed but must be returned or restored by the Issuing Bank because of
        the
        occurrence of an event specified in Section 6.01(f) or otherwise) by making
        available for the account of its Applicable Lending Office to the Administrative
        Agent for the account of the Issuing Bank by deposit to the Administrative
        Agent’s Account, in same day funds, an amount equal to such Lender’s Pro Rata
        Share of such L/C Disbursement. Each Revolving Credit Lender acknowledges
        and
        agrees that its obligation to acquire and pay for participations pursuant
        to
        this Section 2.03(c) in respect of Letters of Credit is absolute and
        unconditional and shall not be affected by any circumstance whatsoever,
        including the occurrence and continuance of a Default or an Event of Default
        or
        the termination of the Commitments, and that each such payment shall be made
        without any off-set, abatement, withholding or reduction whatsoever. If and
        to
        the extent that any Revolving Credit Lender shall not have so made the amount
        of
        such L/C Disbursement available to the Administrative Agent, such Revolving
        Credit Lender agrees to pay to the Administrative Agent forthwith on demand
        such
        amount together with interest thereon, for each day from the date such L/C
        Disbursement is due pursuant to Section 2.04(d) until the date such amount
        is
        paid to the Administrative Agent, at the Federal Funds Rate for its account
        or
        the account of the Issuing Bank, as applicable. If such Lender shall pay
        to the
        Administrative Agent such amount for the account of the Issuing Bank on any
        Business Day, such amount so paid in respect of principal shall constitute
        a L/C
        Credit Extension made by such Lender on such Business Day for purposes of
        this
        Agreement, and the outstanding principal amount of the L/C Credit Extension
        made
        by the Issuing Bank shall be reduced by such amount on such Business
        Day.

      
         

                (d)  Drawing
          and Reimbursement.
          The
          payment by the Issuing Bank of a draft drawn under any Letter of Credit
          shall
          constitute for all purposes of this Agreement the making by the Issuing
          Bank of
          a L/C Credit Extension, which shall be a Base Rate Advance, in the amount
          of
          such draft.

      

       

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

       

      (f)  Applicability
        of ISP98.
        Unless
        otherwise expressly agreed by the Issuing Bank and the Borrower when a Letter
        of
        Credit is issued, the rules of the “International Standby Practices 1998”
published by the Institute of International Banking Law & Practice (or such
        later version thereof as may be in effect at the time of issuance) shall
        apply
        to each Letter of Credit.

       

      
        
          
          

        

        
          31

          
            

          

        

        
          
          

        

      

      SECTION
        2.04.   Repayment
        of Advances.
        (a) Term
        Advances.
         (i) Term
        B-1 Advances.
        The
        Borrower shall repay to the Administrative Agent for the ratable account
        of the
        respective Term B-1 Lenders the aggregate outstanding principal amount of
        the
        Term B-1 Advances on the following dates in amounts specified below (which
        amounts shall be reduced as a result of the application of prepayments in
        accordance with Section 2.06):

       

      
        	
                Date

              	
                Amount

              
	
                July
                  28, 2006

              	
                $2,000,000

              
	
                October
                  27, 2006

              	
                $2,000,000

              
	
                January
                  26, 2007

              	
                $2,000,000

              
	
                April
                  27, 2007

              	
                $2,000,000

              
	
                August
                  3, 2007

              	
                $2,000,000

              
	
                November
                  2, 2007

              	
                $2,000,000

              
	
                February
                  1, 2008

              	
                $2,000,000

              
	
                May
                  2, 2008

              	
                $2,000,000

              
	
                August
                  1, 2008

              	
                $2,000,000

              
	
                October
                  31, 2008

              	
                $2,000,000

              
	
                January
                  30, 2009

              	
                $2,000,000

              
	
                May
                  1, 2009

              	
                $2,000,000

              
	
                July
                  31, 2009

              	
                $2,000,000

              
	
                October
                  30, 2009

              	
                $2,000,000

              
	
                January
                  29, 2010

              	
                $2,000,000

              
	
                April
                  30, 2010

              	
                $2,000,000

              
	
                July
                  30, 2010

              	
                $2,000,000

              
	
                October
                  29, 2010

              	
                $2,000,000

              
	
                January
                  28, 2011

              	
                $2,000,000

              
	
                April
                  29, 2011

              	
                $2,000,000

              
	
                July
                  29, 2011

              	
                $2,000,000

              
	
                October
                  28, 2011

              	
                $2,000,000

              
	
                January
                  27, 2012

              	
                $2,000,000

              
	
                April
                  27, 2012

              	
                $2,000,000

              
	
                August
                  3, 2012

              	
                $2,000,000

              
	
                November
                  2, 2012

              	
                $2,000,000

              
	
                February
                  1, 2013

              	
                $2,000,000

              
	
                April
                  27, 2013

              	
                All
                  remaining balance of

                Term
                  B-1
                  Advances

              

      

      

      provided,
        however,
        that
        the final principal installment shall be repaid on the Termination Date in
        respect of each Term Facility and in any event shall be in an amount equal
        to
        the aggregate principal amount of the Term Advances outstanding on such date;
        provided,
        further,
        that
        upon the making of any Term B-2 Advances, the amortization schedule set forth
        above and this Section 2.04(a)(i) shall be subject to Section
        2.04(a)(ii).

       

      (ii)  Term
        B-2 Advances.
        The
        Borrower shall repay to the Administrative Agent for the ratable account
        of the
        respective Term B-2 Lenders the aggregate outstanding principal amount of
        the
        Term B-2 Advances as follows: upon the making of any Term B-2 Advances pursuant
        to Section 2.01(a)(ii), (x) amortization shall commence with respect to such
        Term B-2 Advances and shall be payable in the same proportions (adjusted
        for the
        later commencement date) and on the dates as amortization is payable on the
        Term
        B-1 Advances, (y) Section 2.04(a) and the amortization schedule set forth
        herein
        shall be deemed amended to the extent necessary to incorporate the amortization
        of such Term B-2 Advances and (z) any such deemed amendment may be memorialized
        in writing by the Administrative Agent with the Borrower’s consent (not to be
        unreasonably withheld) and made available to the other parties
        hereto.

       

      
        
          
          

        

        
          32

          
            

          

        

        
          
          

        

         

                                (b)  Revolving
          Credit Advances.
          The
          Borrower shall repay to the Administrative Agent for the ratable account
          of the
          Revolving Credit Lenders on the Termination Date in respect of the Revolving
          Credit Facility the aggregate principal amount of the Revolving Credit
          Advances
          then outstanding.

      

       

        
        (c)  Swing
        Line Advances.
        The
        Borrower shall repay to the Administrative Agent for the account of the Swing
        Line Bank and each other Revolving Credit Lender that has made a Swing Line
        Advance the outstanding principal amount of each Swing Line Advance made
        by each
        of them on the earlier of the maturity date specified in the applicable Notice
        of Swing Line Borrowing (which maturity shall be no later than the seventh
        Business Day after the requested date of such Borrowing) and the Termination
        Date in respect of the Revolving Credit Facility.

       

       
        (d)  L/C
        Credit Extensions.
        (i) The
        Borrower shall repay to the Administrative Agent for the account of the Issuing
        Bank and each other Revolving Credit Lender that has made a L/C Credit Extension
        on the earlier of demand and the Termination Date in respect of the Revolving
        Credit Facility the outstanding principal amount of each L/C Credit Extension
        made by each of them.

       

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

       

      (A)  any
        lack
        of validity or enforceability of any Loan Document, any Letter of Credit
        Agreement, any Letter of Credit or any other agreement or instrument relating
        thereto (all of the foregoing being, collectively, the “L/C
        Related Documents”);

       

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

       

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

       

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

       

      
        
          
          

        

        
          33

          
            

          

        

        
          
          

        

      

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

       

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

       

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

       

      SECTION
        2.05.   Termination
        or Reduction of the Commitments

       

       (a)  Optional.
        The
        Borrower may, upon at least five Business Days’ written notice to the
        Administrative Agent, terminate in whole or reduce in part the unused portions
        of the Term B-1 Commitments, the Term B-2 Commitments, the Swing Line Facility
        and the Letter of Credit Facility and the Unused Revolving Credit Commitments;
        provided,
        however,
        that
        each partial reduction of a Facility (i) shall be in an aggregate amount of
        $5,000,000 or an integral multiple of $1,000,000 in
        excess
        thereof and (ii) shall be made ratably among the Appropriate Lenders in
        accordance with their Commitments with respect to such Facility. Any such
        termination or reduction of the Unused Revolving Credit Commitments shall
        be
        permanent.

       

      (b)  Mandatory.
        (i)
        Upon each making of the Term Advances, the aggregate Term Commitments of
        the
        Term Lenders shall be automatically and permanently reduced, on a pro rata
        basis, by an amount equal to the aggregate amount of such Term Advances.
        The
        Term B-1 Commitment shall automatically terminate in whole upon the drawing
        thereunder.  The Term B-2 Commitment shall automatically terminate in whole
        upon the earlier to occur of (A) the second drawing thereunder and (B) the
        end
        of the Term B-2 Availability Period.

       

      (ii)  The
        Letter of Credit Facility shall be permanently reduced from time to time
        on the
        date of each reduction in the Revolving Credit Facility by the amount, if
        any,
        by which the amount of the Letter of Credit Facility exceeds the Revolving
        Credit Facility after giving effect to such reduction of the Revolving Credit
        Facility.

       

      (iii)  The
        Swing
        Line Facility shall be permanently reduced from time to time on the date
        of each
        reduction in the Revolving Credit Facility by the amount, if any, by which
        the
        amount of the Swing Line Facility exceeds the Revolving Credit Facility after
        giving effect to such reduction of the Revolving Credit Facility.

       

      SECTION
        2.06.   Prepayments. 
        

       

              (a) Optional.
        The
        Borrower may, upon at least one Business Day’s notice in the case of Base Rate
        Advances and three Business Days’ notice in the case of Eurodollar Rate
        Advances, in each case to the Administrative Agent stating the proposed date
        and
        aggregate principal amount of the prepayment, and if such notice is given
        the
        Borrower shall, prepay the outstanding aggregate principal amount of the
        Advances comprising part of the same Borrowing in whole or ratably in part,
        together with accrued interest to the date of such prepayment on the
        aggregate principal amount prepaid; provided,
        however,
        that
        (i) each partial prepayment shall be in an aggregate principal amount of
        $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii)
        if
        any prepayment of a Eurodollar Rate Advance is made on a date other than
        the
        last day of an Interest Period for such Advance, the Borrower shall also
        pay any
        amounts owing pursuant to Section 9.04(c). Each such prepayment shall be
        applied ratably to the amortization installments under the Term
        Facility.

       

      
        
          
          

        

        
          34

          
            

          

        

        
          
          

        

      

       

      (b)  Mandatory.
        (i) The
        Borrower shall, on the 90th
        day
        following the end of each Fiscal Year, commencing in respect of the Fiscal
        Year
        ended on or about August 3, 2007, prepay an aggregate principal amount of
        the
        Advances comprising part of the same Borrowings and (if applicable pursuant
        to
        Section 2.06(b)(vi) below) deposit an amount in the Collateral Account in
        an
        amount equal to, (A) at any time when the Consolidated Total Leverage Ratio
        as
        of the end of the applicable Fiscal Year is greater than 2.50:1.00, 50% of
        the
        amount of Excess Cash Flow for such Fiscal Year and (B) at any time when
        the
        Consolidated Total Leverage Ratio as of the end of the applicable Fiscal
        Year is
        less than or equal to 2.50:1.00, 25% of the amount of Excess Cash Flow for
        such
        Fiscal Year. Each such prepayment shall be applied first
        ratably
        to the amortization installments under the Term Facility and second
        to the
        Revolving Credit Facility without reduction in the Revolving Credit Commitment
        or the Letter of Credit Commitment as set forth below in clause (v) of this
        Section 2.06(b).

       

      (ii)  The
        Borrower shall, on the date of receipt of any Net Cash Proceeds by any Loan
        Party or any of its Subsidiaries from (A) the sale, lease, transfer or
        other disposition of any assets of any Loan Party or any of its Subsidiaries
        (other than any sale, lease, transfer or other disposition of assets pursuant
        to
        clause (i), (ii), (iii), (iv), (vi), (vii)(B) or (vii)(D)(except as provided
        in
        the proviso thereto) of Section 5.02(e)), (B) the incurrence or issuance by
        any Loan Party or any of its Subsidiaries of any Debt (other than Debt incurred
        or issued pursuant to Section 5.02(b)), (C) the issuance of any class of
        equity (other than pursuant to a Permitted Disposition or the issuance of
        equity
        compensation to the employees of the Borrower and its Subsidiaries including
        stock option exercises and restricted stock issuance), (D) any capital
        contribution and (E) any Extraordinary Receipt received by or paid to or
        for the
        account of any Loan Party or any of its Subsidiaries and not otherwise included
        in clause (A), (B), (C) or (D) above, prepay an aggregate principal amount
        of
        the Advances comprising part of the same Borrowings and (if applicable pursuant
        to Section 2.06(b)(vi) below) deposit an amount in the Collateral Account
        in an
        amount equal to 100% of the amount of such Net Cash Proceeds. Each such
        prepayment shall be applied first
        to the
        Term Facility to reduce in direct order the next four scheduled amortization
        payments thereunder immediately following the date of such prepayment unless
        and
        until such amortization payments have been eliminated as a result of such
        reductions and, thereafter ratably to the remaining amortization installments
        thereunder and second
        to the
        Revolving Credit Facility without reduction in the Revolving Credit Commitment
        or the Letter of Credit Commitment as set forth below in clause (v) of this
        Section 2.06(b).

       

      (iii)  The
        Borrower shall, on each Business Day, prepay an aggregate principal amount
        of
        the Revolving Credit Advances comprising part of the same Borrowings, the
        L/C
        Credit Extensions and the Swing Line Advances and (if applicable pursuant
        to
        Section 2.06(b)(vi) below) deposit an amount in the Collateral Account in
        an
        amount equal to the amount by which (A) the sum of the aggregate principal
        amount of (x) the Revolving Credit Advances, (y) the L/C Credit Extensions
        and
        (z) the Swing Line Advances then outstanding plus
        the
        aggregate Available Amount of all Letters of Credit then outstanding exceeds
        (B) the Revolving Credit Facility on such Business Day.

       

      (iv)  The
        Borrower shall, on each Business Day, pay to the Administrative Agent for
        deposit in the L/C Collateral Account an amount sufficient to cause the
        aggregate amount on deposit in the L/C Collateral Account to equal the amount
        by
        which the aggregate Available Amount of all Letters of Credit then outstanding
        exceeds the Letter of Credit Facility on such Business Day.

       

      (v)  Prepayments
        of the Revolving Credit Facility made pursuant to clause (i), (ii), or (iii)
        above shall be made without reduction in the Revolving Credit Commitment
        or the
        Letter of Credit Commitment and shall be first
        applied
        to prepay L/C Credit Extensions then outstanding until such Advances are
        paid in
        full, second
        applied
        to prepay Swing Line Advances then outstanding until such Advances are paid
        in
        full, and third
        applied
        to prepay Revolving Credit Advances then outstanding comprising part of the
        same
        Borrowings until such Advances are paid in full and, in the case of prepayments
        of the Revolving Credit Facility required pursuant to clause (i) or (ii)
        above,
        the amount remaining (if any) after the prepayment in full of the Advances
        then
        outstanding may be retained by the Borrower. Upon the drawing of any Letter
        of
        Credit for which funds are on deposit in the L/C Collateral Account, such
        funds
        shall be applied to reimburse the Issuing Bank or Revolving Credit Lenders,
        as
        applicable.

       

       

      
        
          
          

        

        
          35

          
            

          

        

        
          
          

        

      

      (vi)  All
        prepayments under this subsection (b) shall be made together with accrued
        interest to the date of such prepayment on the principal amount prepaid,
        together with any amounts owing pursuant to Section 9.04(c). If any payment
        of
        Eurodollar Rate Advances otherwise required to be made under Section 2.06(b)
        would be made on a day other than the last day of the applicable Interest
        Period
        therefor, the Borrower may direct the Administrative Agent to (and if so
        directed, the Administrative Agent shall) deposit such payment in the Collateral
        Account until the last day of the applicable Interest Period at which time
        the
        Administrative Agent shall apply the amount of such payment to the prepayment
        of
        such Advances; provided,
        however,
        that
        such Advances shall continue to bear interest as set forth in Section 2.07
        until the last day of the applicable Interest Period therefor.

       

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

       

      (i)  Base
        Rate Advances.
        During
        such periods as such Advance is a Base Rate Advance, a rate per annum equal
        at
        all times to the sum of (A) the Base Rate in effect from time to time
plus
        (B) the Applicable Percentage in effect from time to time, payable in
        arrears quarterly on the last day of each April, July, October and January
        during such periods and on the date such Base Rate Advance shall be Converted
        or
        paid in full.

       

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

       

      (b)  Default
        Interest.
        Upon
        the occurrence and during the continuance of a Default under Section 6.01(a)
        or
        6.01(f) or an Event of Default, the Administrative Agent may, and upon the
        request of the Required Lenders shall, require that the Borrower pay interest
        (“Default
        Interest”)
        on (i)
        the unpaid principal amount of each Advance owing to each Lender Party, payable
        in arrears on the dates referred to in clause (i) or (ii) of Section 2.07(a),
        as
        applicable, and on demand, at a rate per annum equal at all times to 2% per
        annum above the rate per annum required to be paid on such Advance pursuant
        to
        clause (i) or (ii) of Section 2.07(a), as applicable, and (ii) to the fullest
        extent permitted by applicable law, the amount of any interest, fee or other
        amount payable under this Agreement or any other Loan Document to any Agent
        or
        any Lender Party that is not paid when due, from the date such amount shall
        be
        due until such amount shall be paid in full, payable in arrears on the date
        such
        amount shall be paid in full and on demand, at a rate per annum equal at
        all
        times to 2% per annum above the rate per annum required to be paid, in the
        case
        of interest, on the Type of Advance on which such interest has accrued pursuant
        to clause (i) or (ii) of Section 2.07(a), as applicable, and, in all other
        cases, on Base Rate Advances pursuant to clause (i) of Section 2.07(a);
provided,
        however,
        that
        (x) following the acceleration of the Advances, or the giving of notice by
        the
        Agent to accelerate the Advances, pursuant to Section 6.01, Default Interest
        shall accrue and be payable hereunder whether or not previously required
        by the
        Administrative Agent and (y) at any time after the payment of Default Interest
        has been required, the Required Lenders may, if they so determine, rescind
        the
        accrual or payment of any or all Default Interest.

       

      
        
          
          

        

        
          36

          
            

          

        

        
          
          

        

      

       

       

      (c)  Notice
        of Interest Period and Interest Rate.
        Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a),
        a
        notice of Conversion pursuant to Section 2.09 or a notice of selection of
        an Interest Period pursuant to the terms of the definition of “Interest Period”,
        the Administrative Agent shall give notice to the Borrower and each Appropriate
        Lender of the applicable Interest Period and the applicable interest rate
        determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii)
        above.

       

      SECTION
        2.08.   Fees.  (a) Commitment
        Fee.
        (i) The
        Borrower shall pay to the Administrative Agent for the account of the Revolving
        Credit Lenders a commitment fee (the “Revolving
        Credit Commitment Fee”),
        from
        and including the date hereof in the case of each Person that is a Lender
        as of
        the date hereof and from and including the effective date specified in the
        Assignment and Acceptance pursuant to which it became a Lender in the case
        of
        each other Lender until the Termination Date in respect of the Revolving
        Credit
        Commitment, payable in arrears, quarterly, as invoiced by the Administrative
        Agent on or before the due date, on the last day of each April, July, October
        and January, commencing July 31, 2006, and on the Termination Date in respect
        of
        the applicable Facility, at the Applicable Percentage in respect of Revolving
        Credit Commitment Fee on the average daily Unused Revolving Credit Commitment
        of
        such Lender; provided,
        however,
        that (A)
        outstanding Swing Line Advances shall not constitute usage of the Revolving
        Credit Commitments for purposes of calculating the foregoing and (B) no
        commitment fee shall accrue on any of the Commitments of a Defaulting Lender
        so
        long as such Lender shall be a Defaulting Lender.

       

      (ii)
        The
        Borrower shall pay to the Administrative Agent for the account of the Term
        B-2
        Lenders a commitment fee (the “Delayed
        Draw Commitment Fee”),
        from
        and including the date hereof in the case of each Person that is a Lender
        as of
        the date hereof and from and including the effective date specified in the
        Assignment and Acceptance pursuant to which it became a Term B-2 Lender in
        the
        case of each other Lender until the termination or expiration of each Lender’s
        Term B-2 Commitment, payable in arrears, quarterly, as invoiced by the
        Administrative Agent on or before the due date, on the last day of each April,
        July, October and January, commencing July 31, 2006, and on the date of
        termination of such Lender’s Term B-2 Commitment, at the Applicable Percentage
        in respect of Delayed Draw Commitment Fee on the unused Term B-2 Commitment
        of
        such Lender.

       

                          (b)  Letter
        of Credit Fees, Etc.
        (i) The
        Borrower shall pay to the Administrative Agent for the account of each Revolving
        Credit Lender a commission, payable in arrears quarterly, as invoiced by
        the
        Administrative Agent on or before the due date, on the last day of each April,
        July, October and January, commencing July 31, 2006, and on the Termination
        Date
        in respect of the Revolving Credit Facility, on such Lender’s Pro Rata
        Share of the average daily aggregate Available Amount during such quarter
        of all
        Letters of Credit at the Applicable Percentage for Eurodollar Rate Advances
        under the Revolving Credit Facility. Upon the occurrence and during the
        continuance of a Default under Section 6.01(a) or 6.01(f) or an Event of
        Default, the amount of commission payable by the Borrower under this clause
        (b)(i) shall be increased by 2% per annum.

       

      
        
          
          

        

        
          37

          
            

          

        

        
          
          

        

      

      (ii) The
        Borrower shall pay to the Issuing Bank, for its own account, such commissions,
        issuance fees, fronting fees, transfer fees and other fees and charges in
        connection with the issuance or administration of each Letter of Credit as
        the
        Borrower and the Issuing Bank shall agree, with the initial fronting fee
        to be
        0.125% per annum on the Available Amount of all Letters of Credit payable
        quarterly, as invoiced by the Administrative Agent on or before the due date,
        in
        arrears on the last day of each April, July, October and January, commencing
        July 31, 2006.

       

               (c)  Agents’
        Fees.
        The
        Borrower shall pay to each Agent for its own account such fees pursuant to
        the
        Fee Letter.

       

      SECTION
        2.09.   Conversion
        of Advances.  (a) Optional.
        The
        Borrower may on any Business Day, upon notice given to the Administrative
        Agent
        not later than 11:00 A.M. (Charlotte, North Carolina time) on the third
        Business Day prior to the date of the proposed Conversion and subject to
        the
        provisions of Sections 2.07 and 2.10, Convert all or any portion of the
        Advances of one Type comprising the same Borrowing into Advances of the other
        Type; provided,
        however,
        that
        this Section 2.09(a) shall not apply to Swing Line Advances; and provided
        further that
        except as provided in Section 2.10(a), any Conversion of Eurodollar Rate
        Advances into Base Rate Advances shall be made only on the last day of an
        Interest Period for such Eurodollar Rate Advances, any Conversion of Base
        Rate
        Advances into Eurodollar Rate Advances shall be in an amount not less than
        the
        minimum amount specified in Section 2.02(c), no Conversion of any Advances
        shall result in more separate Borrowings than permitted under
        Section 2.02(c) and each Conversion of Advances comprising part of the same
        Borrowing under any Facility shall be made ratably among the Appropriate
        Lenders
        in accordance with their Commitments under such Facility. Each such notice
        of
        Conversion shall, within the restrictions specified above, specify (i) the
        date of such Conversion, (ii) the Advances to be Converted and
        (iii) if such Conversion is into Eurodollar Rate Advances, the duration of
        the initial Interest Period for such Advances. Each notice of Conversion
        shall
        be irrevocable and binding on the Borrower.

       

      (b)  Mandatory.
        (i) On
        the date on which the aggregate unpaid principal amount of Eurodollar Rate
        Advances comprising any Borrowing shall be reduced, by payment or prepayment
        or
        otherwise, to less than $5,000,000, such Advances shall automatically Convert
        into Base Rate Advances.

       

      (ii)  If
        the
        Borrower shall fail to select the duration of any Interest Period for any
        Eurodollar Rate Advances in accordance with the provisions contained in the
        definition of “Interest Period” in Section 1.01, the Administrative Agent
        will forthwith so notify the Borrower and the Appropriate Lenders, whereupon
        each such Eurodollar Rate Advance will automatically, on the last day of
        the
        then existing Interest Period therefor, Convert into a Base Rate
        Advance.

       

      (iii)  Upon
        the
        occurrence and during the continuance of any Default, (A) each Eurodollar
        Rate Advance will automatically, on the last day of the then existing Interest
        Period therefor, Convert into a Base Rate Advance and (B) the obligation of
        the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances
        shall
        be suspended, unless in any such case the Required Lenders shall otherwise
        agree.

       

      SECTION
        2.10.   Increased
        Costs, Etc.
         (a)
        If, due to either (i) the introduction of or any change in or in the
        interpretation of any law or regulation or (ii) the compliance with any
        guideline or request from any central bank or other governmental authority
        (whether or not having the force of law), there shall be any increase in
        the
        cost to any Lender Party of agreeing to make or of making, funding or
        maintaining Eurodollar Rate Advances or of agreeing to issue or of issuing
        or
        maintaining or participating in Letters of Credit or of agreeing to make
        or of
        making or maintaining L/C Credit Extensions (excluding, for purposes of this
        Section 2.10, any such increased costs resulting from (x) Taxes or
        Other Taxes (as to which Section 2.12 shall govern) and (y) changes

       

       

      
        
          
          

        

        
          38

          
            

          

        

        
          
          

        

      

      in
        the
        basis of taxation of overall net income or overall gross income by the United
        States or by the foreign jurisdiction or state under the laws of which such
        Lender Party is organized or has its Applicable Lending Office or any political
        subdivision thereof), then the Borrower shall from time to time, upon demand
        by
        such Lender Party (with a copy of such demand to the Administrative Agent),
        pay
        to the Administrative Agent for the account of such Lender Party additional
        amounts sufficient to compensate such Lender Party for such increased
        cost; provided,
        however,
        that a
        Lender Party claiming additional amounts under this Section 2.10(a) agrees
        to
        use reasonable efforts (consistent with its internal policy and legal and
        regulatory restrictions) to designate a different Applicable Lending Office
        if
        the making of such a designation would avoid the need for, or reduce the
        amount
        of, such increased cost that may thereafter accrue and would not, in the
        reasonable judgment of such Lender Party, be otherwise disadvantageous to
        such
        Lender Party. A certificate as to the amount of such increased cost, submitted
        to the Borrower by such Lender Party, shall be conclusive and binding for
        all
        purposes, absent manifest error. Upon receipt of notice from a Lender Party
        claiming compensation pursuant to this Section 2.10(a) and so long as no
        Event
        of Default shall have occurred and be continuing, the Borrower, in addition
        to
        its rights under Section 2.10(e), shall have the right, on or before the
        30th
        day after receipt of such notice, to Convert each Eurodollar Rate Advance
        under
        which such Lender has a Commitment into a Base Rate Advance, subject to payment
        in full of (i) all amounts necessary to compensate such Lender for such
        increased costs and (ii) any amounts owing pursuant to Section 9.04(c) as
        a
        result of such conversion.

       

      (b)  If,
        due
        to either (i) the introduction or effectiveness of or any change in or in
        the interpretation of any law or regulation or (ii) the compliance with any
        guideline or request from any central bank or other governmental authority
        (whether or not having the force of law), there shall be any increase in
        the
        amount of capital required or expected to be maintained by any Lender Party
        or
        any corporation controlling such Lender Party as a result of or based upon
        the
        existence of such Lender Party’s commitment to lend or to issue or participate
        in Letters of Credit hereunder and other commitments of such type or the
        issuance or maintenance of or participation in the Letters of Credit (or
        similar
        guaranteed Debts), then, upon demand by such Lender Party or such corporation
        (with a copy of such demand to the Administrative Agent), the Borrower shall
        pay
        to the Administrative Agent for the account of such Lender Party, from time
        to
        time as specified by such Lender Party, additional amounts sufficient to
        compensate such Lender Party in the light of such circumstances, to the extent
        that such Lender Party reasonably determines such increase in capital to
        be
        allocable to the existence of such Lender Party’s commitment to lend or to issue
        or participate in Letters of Credit hereunder or to the issuance or maintenance
        of or participation in any Letters of Credit. A certificate as to such amounts
        submitted to the Borrower by such Lender Party shall be conclusive and binding
        for all purposes, absent manifest error.

       

      (c)  If
        (i)
        the Administrative Agent shall reasonably determine (which determination
        shall
        be conclusive and binding absent manifest error) that, by reason of
        circumstances affecting the relevant market, reasonable and adequate means
        do
        not exist for ascertaining the Eurodollar Rate for an Interest Period or
        (ii)
        the Required Lenders shall reasonably determine (which determination shall
        be
        conclusive and binding absent manifest error) that the Eurodollar Rate does
        not
        adequately and fairly reflect the cost to such Lenders of funding or maintaining
        the Eurodollar Rate Advances for any Interest Period that the Borrower has
        requested be outstanding, the Administrative Agent shall forthwith so notify
        the
        Borrower and the Appropriate Lenders. Unless the Borrower shall have notified
        the Administrative Agent upon receipt of such notice that it wishes to rescind
        or modify its request regarding such Eurodollar Rate Advances, (x) each
        such Eurodollar Rate Advance that was requested to be Converted into or
        continued as a Eurodollar Rate Advance will automatically, on the last day
        of
        the then existing Interest Period therefor, Convert into a Base Rate Advance
        and
        (y) the obligation of the Appropriate Lenders to make, or to Convert
        Advances into, Eurodollar Rate Advances shall be suspended until the
        Administrative Agent shall notify the Borrower that such Lenders have determined
        that the circumstances causing such suspension no longer exist. 

       

      
        
          
          

        

        
          39

          
            

          

        

        
          
          

        

      

      (d)  Notwithstanding
        any other provision of this Agreement, if the introduction or effectiveness
        of
        or any change in or in the interpretation of any law or regulation shall
        make it
        unlawful, or any central bank or other governmental authority shall assert
        that
        it is unlawful, for any Lender or its Eurodollar Lending Office to perform
        its
        obligations hereunder to make Eurodollar Rate Advances or to continue to
        fund or
        maintain Eurodollar Rate Advances hereunder, then, on notice thereof and
        demand
        therefor by such Lender to the Borrower through the Administrative Agent,
        (i) each Eurodollar Rate Advance under each Facility under which such
        Lender has a Commitment will automatically, upon such demand, Convert into
        a
        Base Rate Advance and (ii) the obligation of the Appropriate Lenders to
        make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended
        until the Administrative Agent shall notify the Borrower that such Lender
        has
        determined that the circumstances causing such suspension no longer exist;
        provided,
        however,
        that,
        before making any such demand, such Lender agrees to use reasonable efforts
        (consistent with its internal policy and legal and regulatory restrictions)
        to
        designate a different Eurodollar Lending Office if the making of such a
        designation would allow such Lender or its Eurodollar Lending Office to continue
        to perform its obligations to make Eurodollar Rate Advances or to continue
        to
        fund or maintain Eurodollar Rate Advances and would not, in the judgment
        of such
        Lender, be otherwise disadvantageous to such Lender.

       

      (e)  In
        the
        event that any Lender Party demands payment of costs or additional amounts
        pursuant to Section 2.10 or Section 2.12 or asserts, pursuant to Section
        2.10(d), that it is unlawful for such Lender Party to make Eurodollar Rate
        Advances or becomes a Defaulting Lender then (subject to such Lender Party’s
        right to rescind such demand or assertion within 10 days after the notice
        from
        the Borrower referred to below) the Borrower may, so long as no Event of
        Default
        has occurred and is continuing and so long as such costs or additional amounts
        are materially more than those charged by other Lenders, upon 20 days’ prior
        written notice to such Lender Party and the Administrative Agent, elect to
        cause
        such Lender Party to assign its Advances and Commitments in full to one or
        more
        Persons selected by the Borrower so long as (a) each such Person satisfies
        the
        criteria of an Eligible Assignee and is reasonably satisfactory to the
        Administrative Agent, (b) such Lender Party receives payment in full of the
        outstanding principal amount of all Advances made by it and all accrued and
        unpaid interest thereon and all other amounts due and payable to such Lender
        Party as of the date of such assignment (including, without limitation, amounts
        owing pursuant to Section 2.10, 2.12, 2.15 and 9.04) and (c) each such Lender
        Party assignee agrees to accept such assignment and to assume all obligations
        of
        such Lender Party hereunder in accordance with Section 9.07.

       

       

      
        
          
          

        

        
          40

          
            

          

        

        
          
          

        

      

       

      SECTION
        2.11.   Payments
        and Computations   (a)
        The Borrower shall make each payment hereunder and under the other Loan
        Documents, irrespective of any right of counterclaim or set-off (except as
        otherwise provided in Section 2.15), not later than 11:00 A.M. (Charlotte,
        North Carolina time) on the day when due in U.S. dollars to the Administrative
        Agent at the Administrative Agent’s Account in same day funds, with payments
        being received by the Administrative Agent after such time being deemed to
        have
        been received on the next succeeding Business Day. The Administrative Agent
        will
        promptly thereafter cause like funds to be distributed (i) if such payment
        by the Borrower is in respect of principal, interest, commitment fees or
        any
        other Obligation then payable hereunder and under the other Loan Documents
        to
        more than one Lender Party, to such Lender Parties for the account of their
        respective Applicable Lending Offices ratably in accordance with the amounts
        of
        such respective Obligations then payable to such Lender Parties and (ii) if
        such payment by the Borrower is in respect of any Obligation then payable
        hereunder to one Lender Party, to such Lender Party for the account of its
        Applicable Lending Office, in each case to be applied in accordance with
        the
        terms of this Agreement. Upon its acceptance of an Assignment and Acceptance
        and
        recording of the information contained therein in the Register pursuant to
        Section 9.07(d), from and after the effective date of such Assignment and
        Acceptance, the Administrative Agent shall make all payments hereunder and
        under
        the other Loan Documents in respect of the interest assigned thereby to the
        Lender Party assignee thereunder, and the parties to such Assignment and
        Acceptance shall make all appropriate adjustments in such payments for periods
        prior to such effective date directly between themselves.

       

      (b)  The
        Borrower hereby authorizes each Lender Party and each of its Affiliates,
        if and
        to the extent payment owed to such Lender Party is not made when due hereunder
        or under the other Loan Documents to charge from time to time, to the fullest
        extent permitted by law, against any or all of the Borrower’s accounts with such
        Lender Party or such Affiliate any amount so due.

       

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

       

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

       

      (e)  Unless
        the Administrative Agent shall have received notice from the Borrower prior
        to
        the date on which any payment is due to any Lender Party 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 such Lender Party on such due date an amount
        equal to the amount then due such Lender Party. If and to the extent the
        Borrower shall not have so made such payment in full to the Administrative
        Agent, each such Lender Party shall repay to the Administrative Agent forthwith
        on demand such amount distributed to such Lender Party together with interest
        thereon, for each day from the date such amount is distributed to such Lender
        Party until the date such Lender Party repays such amount to the Administrative
        Agent, at the Federal Funds Rate.

       

      
        
          
          

        

        
          41

          
            

          

        

        
          
          

        

      

      (f)  Whenever
        any payment received by the Administrative Agent under this Agreement, any
        of
        the other Loan Documents or any Secured Hedge Agreement is insufficient to
        pay
        in full all amounts due and payable to the Agents, the Lender Parties and
        the
        Hedge Banks under or in respect of this Agreement, the other Loan Documents
        and
        the Secured Hedge Agreement on any date, such payment shall be distributed
        by
        the Administrative Agent and applied by the Agents and the Lender Parties
        in the
        following order of priority:

       

      (i)  first,
        to the
        payment of all of the fees, indemnification payments, costs and expenses
        that
        are due and payable to the Agents (solely in their respective capacities
        as
        Agents) under or in respect of this Agreement and the other Loan Documents
        on
        such date, ratably based upon the respective aggregate amounts of all such
        fees,
        indemnification payments, costs and expenses owing to the Agents on such
        date;

       

      (ii)  second,
        to the
        payment of all of the fees, indemnification payments, costs and expenses
        that
        are due and payable to the Issuing Bank and the Swing Line Bank (solely in
        their
        respective capacities as such) under or in respect of this Agreement and
        the
        other Loan Documents on such date, ratably based upon the respective aggregate
        amounts of all such fees, indemnification payments, costs and expenses owing
        to
        the Issuing Bank and the Swing Line Bank on such date;

       

      (iii)  third,
        to the
        payment of all of the indemnification payments, costs and expenses that are
        due
        and payable to the Lenders under Sections 9.04 hereof, Section 14 of the
        Pledge
        Agreement and any similar section of any of the other Loan Documents on such
        date, ratably based upon the respective aggregate amounts of all such
        indemnification payments, costs and expenses owing to the Lenders on such
        date;

       

      (iv)  fourth,
        to the
        payment of all of the amounts that are due and payable to the Administrative
        Agent and the Lender Parties under Sections 2.10 and 2.12 hereof on such
        date,
        ratably based upon the respective aggregate amounts thereof owing to the
        Administrative Agent and the Lender Parties on such date;

       

      (v)  fifth,
        to the
        payment of all of the fees that are due and payable to the Lenders under
        Section
        2.08(a) on such date, ratably based upon the respective aggregate Commitments
        of
        the Lenders under the Facilities on such date;

       

      (vi)  sixth,
        to the
        payment of all of the accrued and unpaid interest on the Obligations of the
        Borrower under or in respect of the Loan Documents that is due and payable
        to
        the Administrative Agent and the Lender Parties under Section 2.07(b) on
        such
        date, ratably based upon the respective aggregate amounts of all such interest
        owing to the Administrative Agent and the Lender Parties on such
        date;

       

      
        
          
          

        

        
          42

          
            

          

        

        
          
          

        

      

      (vii)  seventh,
        to the
        payment of all of the accrued and unpaid interest on the Advances that is
        due
        and payable to the Administrative Agent and the Lender Parties under Section
        2.07(a) on such date, ratably based upon the respective aggregate amounts
        of all
        such interest owing to the Administrative Agent and the Lender Parties on
        such
        date;

       

      (viii)  eighth,
        ratably
        to (A) the payment of the principal amount of all of the outstanding Advances
        that is due and payable to the Administrative Agent and the Lender Parties
        on
        such date, ratably based upon the respective aggregate amounts of all such
        principal owing to the Administrative Agent and the Lender Parties on such
        date
        and (B) the payment of all amounts due and payable under each Secured Hedge
        Agreement ratably; and

       

      (ix)  ninth,
        to the
        payment of all other Obligations of the Loan Parties owing under or in respect
        of the Loan Documents that are due and payable to the Administrative Agent
        and
        the other Secured Parties on such date, ratably based upon the respective
        aggregate amounts of all such Obligations owing to the Administrative Agent
        and
        the other Secured Parties on such date.

       

      If
        the
        Administrative Agent receives funds for application to the Obligations of
        the
        Loan Parties under or in respect of the Loan Documents under circumstances
        for
        which the Loan Documents do not specify the Advances or the Facility to which,
        or the manner in which, such funds are to be applied, the Administrative
        Agent
        may, but shall not be obligated to, elect to distribute such funds to each
        of
        the Lender Parties in accordance with such Lender Party’s Pro Rata Share of the
        sum of (A) the aggregate principal amount of all Advances outstanding at
        such
        time and (B) the aggregate Available Amount of all Letters of Credit outstanding
        at such time, in repayment or prepayment of such of the outstanding Advances
        or
        other Obligations then owing to such Lender Party, and, in the case of the
        Term
        Facility, for application to such principal repayment installments thereof,
        as
        the Administrative Agent shall direct.

       

      SECTION
        2.12.   Taxes.
         (a) Any and all payments by any Loan Party to or for the account of any
        Lender Party or any Agent hereunder or under any Loan Document shall be made,
        in
        accordance with Section 2.11 or the applicable provisions of such other
        Loan Document, if any, free and clear of and without deduction for any and
        all
        present or future taxes, levies, imposts, duties, deductions, charges,
        assessments, fees or withholdings, and all liabilities with respect thereto,
        excluding,
        in the
        case of each Lender Party and each Agent, taxes that are imposed on its overall
        net income by the United States and taxes that are imposed on or measured
        by its
        overall net income (and franchise taxes or similar taxes imposed in lieu
        thereof
        including those imposed by Sections 67-4-2001 through 2121 of the Tennessee
        Code
        Annotated) by the state or foreign jurisdiction under the laws of which such
        Lender Party or such Agent, as the case may be, is organized or any political
        subdivision thereof and, in the case of each Lender Party, taxes that are
        imposed on its overall net income (and franchise taxes imposed in lieu thereof)
        by the state or foreign jurisdiction of such Lender Party’s Applicable Lending
        Office or any political subdivision thereof (all such non-excluded taxes,
        levies, imposts, deductions, charges, withholdings and liabilities in respect
        of
        payments hereunder or under any other Loan Document being hereinafter referred
        to as “Taxes”).
        If
        any Loan Party shall be required by law to deduct any Taxes from or in respect
        of any sum payable hereunder or under Loan Document to any Lender Party or
        any
        Agent, (i) the sum payable by such Loan Party shall be increased as may be
        necessary so that after such Loan Party and the Administrative Agent have
        made
        all required deductions (including deductions applicable to additional sums
        payable under this Section 2.12) such Lender Party or such Agent, as the
        case may be, receives an amount equal to the sum it would have received had
        no
        such deductions been made, (ii) such Loan Party shall make all such
        deductions and (iii) such Loan Party shall pay the full amount deducted to
        the relevant taxation authority or other authority in accordance with applicable
        law.

       

      (b)  In
        addition, each Loan Party shall pay any present or future stamp, documentary,
        excise, property, intangible, mortgage recording or similar taxes, charges
        or
        levies that arise from any payment made by such Loan Party hereunder or under
        any Loan Documents or from the execution, delivery or registration of,
        performance under, or otherwise with respect to, this Agreement or the other
        Loan Documents (hereinafter referred to as “Other
        Taxes”).

       

      
        
          
          

        

        
          43

          
            

          

        

        
          
          

        

      

      (c)  The
        Loan
        Parties shall indemnify each Lender Party and each Agent for and hold them
        harmless against the full amount of Taxes and Other Taxes, and for the full
        amount of taxes of any kind imposed or asserted by any jurisdiction on amounts
        payable under this Section 2.12, imposed on or paid by such Lender Party or
        such Agent (as the case may be) and any liability (including penalties,
        additions to tax, interest and expenses) arising therefrom or with respect
        thereto. This indemnification shall be made within 30 days from the date
        such
        Lender Party or such Agent (as the case may be) makes written demand
        therefor.

       

      (d)  Within
        30
        days after the date of any payment of Taxes, the appropriate Loan Party shall
        furnish to the Administrative Agent, at its address referred to in
        Section 9.02, the original or a certified copy of a receipt evidencing such
        payment, to the extent such a receipt is issued therefor, or other written
        proof
        of payment thereof that is reasonably satisfactory to the Administrative
        Agent.
        In the case of any payment hereunder or under the Loan Documents by or on
        behalf
        of a Loan Party through an account or branch outside the United States or
        by or
        on behalf of a Loan Party by a payor that is not a United States person,
        if such
        Loan Party determines that no Taxes are payable in respect thereof, such
        Loan
        Party shall furnish, or shall cause such payor to furnish, to the Administrative
        Agent, at such address, an opinion of counsel acceptable to the Administrative
        Agent stating that such payment is exempt from Taxes. For purposes of
        subsections (d) and (e) of this Section 2.12, the terms “United
        States”
and
        “United
        States person”
shall
        have the meanings specified in Section 7701 of the Internal Revenue
        Code.

       

      (e)  Each
        Lender Party organized under the laws of a jurisdiction outside the United
        States shall, on or prior to the date of its execution and delivery of this
        Agreement in the case of each Person that is a Lender Party as of the date
        hereof and on the date of the Assignment and Acceptance pursuant to which
        it
        becomes a Lender Party in the case of each other Lender Party, and from time
        to
        time thereafter as reasonably requested in writing by the Borrower (but only
        so
        long thereafter as such Lender Party remains lawfully able to do so), provide
        each of the Administrative Agent and the Borrower with two original Internal
        Revenue Service Forms W-8BEN or W-8EC1 or (in the case of a Lender Party
        that has certified in writing to the Administrative Agent that it is not
        (i) a
“bank” as defined in Section 881(c)(3)(A) of the Internal Revenue Code), (ii) a
        10-percent shareholder (within the meaning of Section 871(h)(3)(B) of the
        Internal Revenue Code) of any Loan Party or (iii) a controlled foreign
        corporation related to any Loan Party (within the meaning of Section 864(d)(4)
        of the Internal Revenue Code), Internal Revenue Service Form W-8BEN, as
        appropriate, or any successor or other form prescribed by the Internal Revenue
        Service, certifying that such Lender Party is exempt from or entitled to
        a
        reduced rate of United States withholding tax on payments pursuant to this
        Agreement or any Loan Document or, in the case of a Lender Party that has
        certified that it is not a “bank” as described above, certifying that such
        Lender Party is a foreign corporation, partnership, estate or trust. If the
        forms provided by a Lender Party at the time such Lender Party first becomes
        a
        party to this Agreement indicate a United States interest withholding tax
        rate
        in excess of zero, withholding tax at such rate shall be considered excluded
        from Taxes unless and until such Lender Party provides the appropriate forms
        certifying that a lesser rate applies, whereupon withholding tax at such
        lesser
        rate only shall be considered excluded from Taxes for periods governed by
        such
        forms; provided,
        however,
        that
        if, at the effective date of the Assignment and Acceptance pursuant to which
        a
        Lender Party becomes a party to this Agreement, the Lender Party assignor
        was
        entitled to payments under subsection (a) of this Section 2.12 in
        respect of United States withholding tax with respect to interest paid at
        such
        date, then, to such extent, the term Taxes shall include (in addition to
        withholding taxes that may be imposed in the future or other amounts otherwise
        includable in Taxes) United States withholding tax, if any, applicable with
        respect to the Lender Party assignee on such date. If any form or document
        referred to in this subsection (e) requires the disclosure of information,
        other than information necessary to compute the tax payable and information
        required on the date hereof by Internal Revenue Service Form W-8BEN or
        W-8EC1 or the related certificate described above, that the applicable Lender
        Party reasonably considers to be confidential, such Lender Party shall give
        notice thereof to the Borrower and shall not be obligated to include in such
        form or document such confidential information.

       

      
        
          
          

        

        
          44

          
            

          

        

        
          
          

        

      

       

      (f)  For
        any
        period with respect to which a Lender Party has failed to provide the Borrower
        with the appropriate form, certificate or other document described in
        subsection (e) above (other
        than
        if such
        failure is due to a change in law, or in the interpretation or application
        thereof, occurring after the date on which a form, certificate or other document
        originally was required to be provided or if such form, certificate or other
        document otherwise is not required under subsection (e) above), such Lender
        Party shall not be entitled to indemnification under subsection (a) or (c)
        of this Section 2.12 with respect to Taxes imposed by the United States by
        reason of such failure; provided,
        however,
        that
        should a Lender Party become subject to Taxes because of its failure to deliver
        a form, certificate or other document required hereunder, the Loan Parties
        shall
        take such steps as such Lender Party shall reasonably request to assist such
        Lender Party to recover such Taxes.

       

      (g)  Any
        Lender Party claiming any additional amounts payable pursuant to this
        Section 2.12 agrees to use reasonable efforts (consistent with its internal
        policy and legal and regulatory restrictions) to change the jurisdiction
        of its
        Applicable Lending Office if the making of such a change would avoid the
        need
        for, or reduce the amount of, any such additional amounts that may thereafter
        accrue and would not, in the reasonable judgment of such Lender Party, be
        otherwise disadvantageous to such Lender Party.

       

      SECTION
        2.13.   Sharing
        of Payments, Etc. 
        If
        any
        Lender Party shall obtain at any time any payment (whether voluntary,
        involuntary, through the exercise of any right of set-off, or otherwise,
        other
        than as a result of an assignment pursuant to Section 9.07) (a) on
        account of Obligations due and payable to such Lender Party hereunder and
        under
        the Notes and the other Loan Documents at such time in excess of its ratable
        share (according to the proportion of (i) the amount of such Obligations
        due and payable to such Lender Party at such time to (ii) the aggregate
        amount of the Obligations due and payable to all Lender Parties hereunder
        and
        under the Notes and the other Loan Documents at such time) of payments on
        account of the Obligations due and payable to all Lender Parties hereunder
        and
        under the Notes at such time obtained by all the Lender Parties at such time
        or
        (b) on account of Obligations owing (but not due and payable) to such
        Lender Party hereunder and under the Notes and the other Loan Documents at
        such
        time in excess of its ratable share (according to the proportion of (i) the
        amount of such Obligations owing to such Lender Party at such time to
        (ii) the aggregate amount of the Obligations owing (but not due and
        payable) to all Lender Parties hereunder and under the Notes and the other
        Loan
        Documents at such time) of payments on account of the Obligations owing (but
        not
        due and payable) to all Lender Parties hereunder and under the Notes at such
        time obtained by all of the Lender Parties at such time, such Lender Party
        shall
        forthwith purchase from the other Lender Parties such interests or participating
        interests in the Obligations due and payable or owing to them, as the case
        may
        be, as shall be necessary to cause such purchasing Lender Party to share
        the
        excess payment ratably with each of them; provided,
        however,
        that if
        all or any portion of such excess payment is thereafter recovered from such
        purchasing Lender Party, such purchase from each other Lender Party shall
        be
        rescinded and such other Lender Party shall repay to the purchasing Lender
        Party
        the purchase price to the extent of such Lender Party’s ratable share (according
        to the proportion of (i) the purchase price paid to such Lender Party to
        (ii) the aggregate purchase price paid to all Lender Parties) of such
        recovery together with an amount equal to such Lender Party’s ratable share
        (according to the proportion of (i) the amount of such other Lender Party’s
        required repayment to (ii) the total amount so recovered from the
        purchasing Lender Party) of any interest or other amount paid or payable
        by the
        purchasing Lender Party in respect of the total amount so recovered;
provided
        further
        that, so
        long as the Obligations under the Loan Documents shall not have been
        accelerated, any excess payment received by any Appropriate Lender shall
        be
        shared on a pro rata basis only with other Appropriate Lenders. The Borrower
        agrees that any Lender Party so purchasing an interest or participating interest
        from another Lender Party pursuant to this Section 2.13 may, to the fullest
        extent permitted by law, exercise all its rights of payment (including the
        right
        of set-off) with respect to such interest or participating interest, as the
        case
        may be, as fully as if such Lender Party were the direct creditor of the
        Borrower in the amount of such interest or participating interest, as the
        case
        may be.

      
        
          
          

        

        
          45

          
            

          

        

        
          
          

        

      

       

      SECTION
        2.14.   Use
        of
        Proceeds. 
        With respect to the proceeds of the Term B-1 Advances, at least $700 million
        of
        such proceeds shall be used to finance the Repurchase and the Refinancing,
        and
        to pay fees, expenses, and costs related thereto on the date of the Initial
        Extension of Credit, and the balance of such proceeds shall be used from
        time to
        time on and after such date to purchase additional shares of the Borrower’s
        outstanding common stock. The proceeds of the Term B-2 Advances shall be
        used to
        refinance the Convertible Notes and for other general corporate purposes.
        The
        proceeds of the Revolving Credit Advances and the Swing Line Advances and
        the
        issuance of the Letters of Credit shall be used for the account of the Borrower
        to provide working capital for and for other general corporate purposes of
        the
        Borrower and its Subsidiaries (other than to finance any portion of the
        Repurchase or the Refinancing).

       

      SECTION
        2.15.   Defaulting
        Lenders.
         (a)  In the event that, at any one time, (i) any Lender Party
        shall be a Defaulting Lender, (ii) such Defaulting Lender shall owe a Defaulted
        Advance to the Borrower and (iii) the Borrower shall be required to make
        any
        payment hereunder or under any other Loan Document to or for the account
        of such
        Defaulting Lender, then the Borrower may, so long as no Default shall occur
        or
        be continuing at such time and to the fullest extent permitted by applicable
        law, set off and otherwise apply the Obligation of the Borrower to make such
        payment to or for the account of such Defaulting Lender against the Obligation
        of such Defaulting Lender to make such Defaulted Advance. In the event that,
        on
        any date, the Borrower shall so set off and otherwise apply its obligation
        to
        make any such payment against the obligation of such Defaulting Lender to
        make
        any such Defaulted Advance on or prior to such date, the amount so set off
        and
        otherwise applied by the Borrower shall constitute for all purposes of this
        Agreement and the other Loan Documents an Advance by such Defaulting Lender
        made
        on the date of such setoff under the Facility pursuant to which such Defaulted
        Advance was originally required to have been made pursuant to Section 2.01.
        Such
        Advance shall be considered, for all purposes of this Agreement, to comprise
        part of the Borrowing in connection with which such Defaulted Advance was
        originally required to have been made pursuant to Section 2.01, even if the
        other Advances comprising such Borrowing shall be Eurodollar Rate Advances
        on
        the date such Advance is deemed to be made pursuant to this subsection (a).
        The
        Borrower shall notify the Administrative Agent at any time the Borrower
        exercises its right of set-off pursuant to this subsection (a) and shall
        set
        forth in such notice (A) the name of the Defaulting Lender and the Defaulted
        Advance required to be made by such Defaulting Lender and (B) the amount
        set off
        and otherwise applied in respect of such Defaulted Advance pursuant to this
        subsection (a). Any portion of such payment otherwise required to be made
        by the
        Borrower to or for the account of such Defaulting Lender which is paid by
        the
        Borrower, after giving effect to the amount set off and otherwise applied
        by the
        Borrower pursuant to this subsection (a), shall be applied by the Administrative
        Agent as specified in subsection (b) or (c) of this Section 2.15.

      
        
          
          

        

        
          46

          
            

          

        

        
          
          

        

      

       

      (b)  In
        the
        event that, at any one time, (i) any Lender Party shall be a Defaulting Lender,
        (ii) such Defaulting Lender shall owe a Defaulted Amount to any Agent or
        any of
        the other Lender Parties and (iii) the Borrower shall make any payment
        hereunder or under any other Loan Document to the Administrative Agent for
        the
        account of such Defaulting Lender, then the Administrative Agent may, on
        its
        behalf or on behalf of such other Agents or such other Lender Parties and
        to the
        fullest extent permitted by applicable law, apply at such time the amount
        so
        paid by the Borrower to or for the account of such Defaulting Lender to the
        payment of each such Defaulted Amount to the extent required to pay such
        Defaulted Amount. In the event that the Administrative Agent shall so apply
        any
        such amount to the payment of any such Defaulted Amount on any date, the
        amount
        so applied by the Administrative Agent shall constitute for all purposes
        of this
        Agreement and the other Loan Documents payment, to such extent, of such
        Defaulted Amount on such date. Any such amount so applied by the Administrative
        Agent shall be retained by the Administrative Agent or distributed by the
        Administrative Agent to such other Agents or such other Lender Parties, ratably
        in accordance with the respective portions of such Defaulted Amounts payable
        at
        such time to the Administrative Agent, such other Agents and such other Lender
        Parties and, if the amount of such payment made by the Borrower shall at
        such
        time be insufficient to pay all Defaulted Amounts owing at such time to the
        Administrative Agent, such other Agents and such other Lender Parties, in
        the
        following order of priority:

       

      (i)  first,
        to the
        Agents for any Defaulted Amounts then owing to them, in their capacities
        as
        such, ratably in accordance with such respective Defaulted Amounts then owing
        to
        the Agents;

       

      (ii)  second,
        to the
        Issuing Bank and the Swing Line Bank for any Defaulted Amounts then owing
        to
        them, in their capacities as such, ratably in accordance with such respective
        Defaulted Amounts then owing to the Issuing Bank and the Swing Line Bank;
        and

       

      (iii)  third,
        to any
        other Lender Parties for any Defaulted Amounts then owing to such other Lender
        Parties, ratably in accordance with such respective Defaulted Amounts then
        owing
        to such other Lender Parties.

       

      Any
        portion of such amount paid by the Borrower for the account of such Defaulting
        Lender remaining, after giving effect to the amount applied by the
        Administrative Agent pursuant to this subsection (b), shall be applied by
        the Administrative Agent as specified in subsection (c) of this
        Section 2.15.

       

      (c)  In
        the
        event that, at any one time, (i) any Lender Party shall be a Defaulting
        Lender, (ii) such Defaulting Lender shall not owe a Defaulted Advance or a
        Defaulted Amount and (iii) the Borrower, any Agent or any other Lender
        Party shall be required to pay or distribute any amount hereunder or under
        any
        other Loan Document to or for the account of such Defaulting Lender, then
        the
        Borrower or such Agent or such other Lender Party shall pay such amount to
        the
        Administrative Agent to be held by the Administrative Agent, to the fullest
        extent permitted by applicable law, in escrow or the Administrative Agent
        shall,
        to the fullest extent permitted by applicable law, hold in escrow such amount
        otherwise held by it. Any funds held by the Administrative Agent in escrow
        under
        this subsection (c) shall be deposited by the Administrative Agent in an
        account with a bank (the “Escrow
        Bank”)
        selected by the Administrative Agent, in the name and under the control of
        the
        Administrative Agent, but subject to the provisions of this subsection (c).
        The terms applicable to such account, including the rate of interest payable
        with respect to the credit balance of such account from time to time, shall
        be
        the Escrow Bank’s standard terms applicable to escrow accounts maintained with
        it. Any interest credited to such account from time to time shall be held
        by the
        Administrative Agent in escrow under, and applied by the Administrative Agent
        from time to time in accordance with the provisions of, this
        subsection (c). The Administrative Agent shall, to the fullest extent
        permitted by applicable law, apply all funds so held in escrow from time
        to time
        to the extent necessary to make any Advances required to be made by such
        Defaulting Lender and to pay any amount payable by such Defaulting Lender
        hereunder and under the other Loan Documents to the Administrative Agent
        or any
        other Lender Party, as and when such Advances or amounts are required to
        be made
        or paid and, if the amount so held in escrow shall at any time be insufficient
        to make and pay all such Advances and amounts required to be made or paid
        at
        such time, in the following order of priority:

      
        
          
          

        

        
          47

          
            

          

        

        
          
          

        

      

       

      (i)  first,
        to the
        Agents for any amounts then due and payable by such Defaulting Lender to
        them
        hereunder, in their capacities as such, ratably in accordance with such
        respective amounts then due and payable to the Agents;

       

      (ii)  second,
        to the
        Issuing Bank and the Swing Line Bank for any Defaulted Amounts then owing
        to
        them, in their capacities as such, ratably in accordance with such respective
        Defaulted Amounts then owing to the Issuing Bank and the Swing Line
        Bank;

       

      (iii)  third,
        to
        any
        other Lender Parties for any amount then due and payable by such Defaulting
        Lender to such other Lender Parties hereunder, ratably in accordance with
        such
        respective amounts then due and payable to such other Lender Parties;
        and

       

      (iv)  fourth,
        to the
        Borrower for any Advance then required to be made by such Defaulting Lender
        pursuant to a Commitment of such Defaulting Lender.

       

      In
        the
        event that any Lender Party that is a Defaulting Lender shall, at any time,
        cease to be a Defaulting Lender, any funds held by the Administrative Agent
        in
        escrow at such time with respect to such Lender Party shall be distributed
        by
        the Administrative Agent to such Lender Party and applied by such Lender
        Party
        to the Obligations owing to such Lender Party at such time under this Agreement
        and the other Loan Documents ratably in accordance with the respective amounts
        of such Obligations outstanding at such time.

       

      (d)  The
        rights and remedies against a Defaulting Lender under this Section 2.15 are
        in addition to other rights and remedies that the Borrower may have against
        such
        Defaulting Lender with respect to any Defaulted Advance and that any Agent
        or
        any Lender Party may have against such Defaulting Lender with respect to
        any
        Defaulted Amount.

       

      SECTION
        2.16.   Evidence
        of Debt.
         (a) Each Lender Party shall maintain in accordance with its usual practice
        an account or accounts evidencing the indebtedness of the Borrower to such
        Lender resulting from each Advance owing to such Lender Party from time to
        time,
        including the amounts of principal and interest payable and paid to such
        Lender
        from time to time hereunder. The Borrower agrees that upon written notice
        by any
        Lender Party to the Borrower (with a copy of such notice to the Administrative
        Agent) to the effect that a promissory note or other evidence of indebtedness
        is
        required or appropriate in order for such Lender Party to evidence (whether
        for
        purposes of pledge, enforcement or otherwise) the Advances owing to, or to
        be
        made by, such Lender Party, the Borrower shall promptly execute and deliver
        to
        such Lender Party, with a copy to the Administrative Agent, a Revolving Credit
        Note and a Term Note, as applicable, in substantially the form of Exhibits
        A-1
        and A-2 hereto, respectively, payable to the order of such Lender Party in
        a
        principal amount equal to the Revolving Credit Commitment and the Term
        Commitment, respectively, of such Lender Party. All references to Notes in
        the
        Loan Documents shall mean Notes, if any, to the extent issued
        hereunder.

       

      
        
          
          

        

        
          48

          
            

          

        

        
          
          

        

      

      (b)  The
        Register maintained by the Administrative Agent pursuant to Section 9.07(d)
        shall include a control account, and a subsidiary account for each Lender
        Party,
        in which accounts (taken together) shall be recorded (i) the date and
        amount of each Borrowing made hereunder, the Type of Advances comprising
        such
        Borrowing and, if appropriate, the Interest Period applicable thereto,
        (ii) the terms of each Assignment and Acceptance delivered to and accepted
        by it, (iii) the amount of any principal or interest due and payable or to
        become due and payable from the Borrower to each Lender Party hereunder,
        and
        (iv) the amount of any sum received by the Administrative Agent from the
        Borrower hereunder and each Lender Party’s share thereof.

       

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

       

      SECTION
        2.17.   Replacement
        of Lenders.
         If any Lender (a) shall become affected by any of the changes or events
        described in Sections 2.10 or 2.12 and shall request that the Borrower pay
        for
        any increased cost or amounts thereunder, (b) is a Defaulting Lender or (c)
        has
        failed to consent to a proposed amendment, waiver, discharge or termination
        which pursuant to the terms of Section 9.01 or any other provision of any
        Loan
        Document requires the consent of all affected Lenders and with respect to
        which
        the Required Lenders shall have granted their consent (any such Lender being
        hereinafter referred to as a “Replaced
        Lender”),
        then
        in such case, the Borrower may, upon at least five (5) Business Days’ notice to
        the Administrative Agent and such Replaced Lender (or such shorter notice
        period
        specified by the Administrative Agent), designate a replacement lender (a
        “Replacement
        Lender”)
        acceptable to the Administrative Agent in its reasonable discretion, to which
        such Replaced Lender shall, subject to its receipt (unless a later date for
        the
        remittance thereof shall be agreed upon by the Borrower and the Replaced
        Lender)
        of all amounts owed to such Replaced Lender under Sections 2.10 and 2.12
        assign
        all (but not less than all) of its rights, obligations, Advances and Commitments
        hereunder; provided,
        that
        all amounts owed to such Replaced Lender by the Borrower (except liabilities
        which by the terms hereof survive the payment in full of the Advances and
        termination of this Agreement) shall be paid in full as of the date of such
        assignment. Upon any assignment by any Lender pursuant to this Section 2.17
        becoming effective, the Replacement Lender shall thereupon be deemed to be
        a
“Lender” for all purposes of this Agreement (unless such Replacement Lender was,
        itself, a Lender prior thereto) and such Replaced Lender shall thereupon
        cease
        to be a “Lender” for all purposes of this Agreement and shall have no further
        rights or obligations hereunder (other than pursuant to Section 2.10 or 2.12
        and
        Section 9.04 while such Replaced Lender was a Lender). Notwithstanding any
        Replaced Lender’s failure or refusal to assign its rights, obligations, Advances
        and Commitments under this Section 2.17, the Replaced Lender shall cease
        to be a
“Lender” for all purposes of this Agreement and the Replacement Lender shall be
        substituted therefor upon payment to the Replaced Lender by the Replacement
        Lender of all amounts set forth in this Section 2.17 without any further
        action
        of the Replaced Lender.

       

      
        
          
          

        

        
          49

          
            

          

        

        
          
          

        

      

       

      ARTICLE
        III  

       

      CONDITIONS
        OF LENDING AND

      ISSUANCES
        OF LETTERS OF CREDIT

       

      SECTION
        3.01.   Conditions
        Precedent to Effectiveness.
        The
        effectiveness of this Agreement is subject to the satisfaction of the following
        conditions precedent on and as of the first date (the “Effective
        Date”)
        on
        which such conditions precedent have been satisfied:

       

      (a)  The
        Administrative Agent and the Arranger shall have received on or before the
        day
        of the Initial Extension of Credit the following, each dated such day (unless
        otherwise specified), in form and substance satisfactory to the Administrative
        Agent and the Arranger (unless otherwise specified) and (except for the Notes)
        in sufficient copies for each Lender Party:

       

      (i)  a
        counterpart to this agreement duly executed by a Responsible Officer of each
        Loan Party.

       

      (ii)  The
        Notes
        payable to the order of the Lenders to the extent requested by the Lenders
        pursuant to the terms of Section 2.16.

       

      (iii)  A
        pledge
        agreement in substantially the form of Exhibit D hereto (together with each
        other Pledge Agreement and pledge agreement supplement delivered pursuant
        to
        Section 5.01(j) or otherwise, in each case as amended, the “Pledge
        Agreement”),
        duly
        executed by each Loan Party, together with:

       

      (A)  certificates
        representing the Pledged Shares referred to therein accompanied by undated
        stock
        powers executed in blank and instruments evidencing the Pledged Debt indorsed
        in
        blank,

       

      (B)  proper
        financing statements in form appropriate for filing under the Uniform Commercial
        Code of all jurisdictions (other than the State of Tennessee) that the
        Administrative Agent may deem necessary or desirable in order to perfect
        and
        protect the first priority Liens created under the Pledge Agreement, covering
        the Collateral described in the Pledge Agreement,

       

      (C)  completed
        requests for information, dated on or before the date of the Initial Extension
        of Credit, listing all effective financing statements filed in the jurisdictions
        referred to in clause (B) above that name any of the Loan Parties as debtor,
        together with copies of such other financing statements, all as satisfactory
        to
        the Administrative Agent,

       

      
        
          
          

        

        
          50

          
            

          

        

        
          
          

        

      

      (D)  evidence
        of the completion of all other recordings and filings of or with respect
        to the
        Pledge Agreement (or, as the Administrative Agent may determine, delivery
        to the
        Administrative Agent of satisfactory documentation with respect thereto)
        that
        the Administrative Agent may deem necessary or desirable in order to perfect
        and
        protect the Liens created thereunder, 

       

      (E)  evidence
        that all other action that the Administrative Agent may deem necessary or
        desirable in order to perfect and protect the first priority Liens created
        under
        the Pledge Agreement has been taken, and

       

      (F)  receipt
        of duly executed payoff letters in respect of the Borrower’s revolving credit
        facility existing immediately prior to the Initial Extension of
        Credit.

       

      (iv)  Certified
        copies of (A) the resolutions of the Board of Directors (or other governing
        body) of each Loan Party approving the Transaction and each Transaction Document
        to which it is or is to be a party as in full force and effect on, and without
        amendment or modification as of, the Effective Date, and of all documents
        evidencing other necessary corporate action and governmental approvals and
        (B)
        other third party approvals and consents, if any, with respect to the
        Transaction and each Transaction Document to which it is or is to be a
        party.

       

      (v)  A
        copy of
        a certificate of the Secretary of State (or other appropriate officer) of
        the
        jurisdiction of incorporation or formation of each Loan Party, dated reasonably
        near the Effective Date, certifying (A) as to a true and correct copy of
        the charter or certificate of formation, and each amendment thereto, of such
        Loan Party and each amendment thereto on file in such Secretary’s office and (B)
        that (1) such Loan Party has paid all franchise taxes to the date of such
        certificate and (2) such Loan Party is duly incorporated or formed and in
        good standing or presently subsisting under the laws of the State of the
        jurisdiction of its incorporation or formation.

       

      (vi)  A
        certificate of each Loan Party, signed on behalf of such Loan Party by a
        Responsible Officer and its Secretary or any Assistant Secretary, dated the
        Effective Date (the statements made in which certificate shall be true on
        and as
        of the date of the Effective Date), certifying as to (A) the absence of any
        amendments to the charter or other organizational documents of such Loan
        Party
        since the date of the certificate referred to in Section 3.01(a)(v),
        (B) a true and correct copy of the bylaws, limited partnership agreement or
        limited liability operating agreement, as applicable, of such Loan Party
        as in
        effect on the date on which the resolutions referred to in
        Section 3.01(a)(iv) were adopted and on the date of the Initial Extension
        of Credit, (C) the due incorporation or formation and good standing or
        valid existence of such Loan Party as a corporation, limited partnership
        or
        limited liability company, as the case may be, organized under the laws of
        the
        jurisdiction of its incorporation or formation, and the absence of any
        proceeding for the dissolution or liquidation of such Loan Party, (D) the
        truth of the representations and warranties contained in the Loan Documents
        as
        though made on and as of the Effective Date and (E) the absence of any
        event occurring and continuing, or resulting from the Initial Extension of
        Credit, that constitutes a Default.

       

      (vii)  A
        certificate of the Secretary or an Assistant Secretary of each Loan Party
        certifying the names and true signatures of the officers of such Loan Party
        authorized to sign each Loan Document to which it is or is to be a party
        and the
        other documents to be delivered hereunder and thereunder.

       

      
        
          
          

        

        
          51

          
            

          

        

        
          
          

        

      

      (viii)  Certified
        copies of each of the Tender Offer Documents (including all schedules and
        exhibits thereto), duly executed by the parties thereto and in form and
        substance satisfactory to the Lender Parties, together with all agreements,
        instruments and other documents delivered in connection therewith as the
        Arranger shall request.

       

      (ix)  A
        certificate in substantially the form of Exhibit F hereto from Borrower’s chief
        financial officer attesting to the Solvency of the Loan Parties, before and
        after giving effect to the Transaction.

       

      (x)  Evidence
        of the Loan Parties’ insurance coverage reasonably satisfactory to the
        Administrative Agent, demonstrating that the Loan Parties’ existing
        insurance coverage remains in effect, and a broker’s letter reasonably
        satisfactory to the Administrative Agent, dated on the Effective Date, to
        the
        effect that such coverage is customary and reasonable when compared to the
        insurance coverage purchased by similarly situated companies.

       

      (xi)  Copies
        of
        satisfactory audited and pro
        forma consolidated
        financial statements and forecasts for the Borrower and its Subsidiaries
        reasonably acceptable to the Administrative Agent.

       

      (xii)  A
        certificate from the Chief Financial Officer of the Borrower certifying and
        setting forth the following calculations in reasonable detail: after giving
        pro
        forma effect to the Initial Extension of Credit and the consummation of the
        other elements of the Transaction, (A) the ratio of aggregate total funded
        Debt
        (including the Initial Extension of Credit ) of the Borrower and its
        Subsidiaries as of the Effective Date (“Total
        Funded Debt”)
        to
        Consolidated EBITDA of the Borrower and its Subsidiaries for the four-quarter
        period ended as of January 27, 2006 (calculated with adjustments reasonably
        acceptable to the Arranger) shall not exceed 3.8:1.0 and (B) Total Funded
        Debt
        (excluding Debt in respect of letters of credit) shall not exceed $1
        billion.

       

      (xiii)  A
        favorable opinion of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC,
        counsel for the Loan Parties, in substantially the form of Exhibit G hereto
        and as to such other matters as the Administrative Agent may reasonably
        request.

       

      (b)  The
        Administrative Agent and the Arranger shall be satisfied that all Existing
        Debt,
        other than Surviving Debt, has been prepaid, redeemed or defeased in full
        or
        otherwise satisfied and extinguished and all commitments, security interests
        and
        guaranties relating thereto terminated and that all Surviving Debt shall
        be in
        an amount and on terms and conditions satisfactory to the Administrative
        Agent
        and the Arranger.

       

      (c)  All
        material Governmental Authorizations and all shareholder, board of director,
        and
        material third party consents and approvals necessary in connection with
        the
        Transaction and the continued operation of the business of the Loan Parties,
        after giving effect to the Transaction shall have been obtained (without
        the
        imposition of any conditions that are not acceptable to the Lender Parties)
        and
        shall remain in effect; all applicable waiting periods in connection with
        the
        Transaction shall have expired without any action being taken by any competent
        authority, and no law or regulation shall be applicable in the judgment of
        the
        Lender Parties, in each case that restrains, prevents or imposes materially
        adverse conditions upon the Transaction or the rights of the Loan Parties
        or
        their Subsidiaries freely to transfer or otherwise dispose of, or to create
        any
        Lien on, any properties now owned or hereafter acquired by any of
        them.

       

      
        
          
          

        

        
          52

          
            

          

        

        
          
          

        

      

      (d)  There
        shall exist no action, suit, investigation, litigation or proceeding affecting
        any Loan Party or any of its Subsidiaries pending or threatened before any
        Governmental Authority that (i) could reasonably be expected to have a
        Material Adverse Effect other than the matters described on
        Schedule 4.01(f) hereto (the “Disclosed Litigation”), (ii) would
        reasonably be expected to restrain, prevent, or impose materially adverse
        conditions on the Transaction or any element thereof or (iii) purports to
        affect the legality, validity or enforceability of any Transaction Document
        or
        the consummation of the Transaction, and there shall have been no adverse
        change
        in the status, or financial effect on the Borrower, any other Loan Party
        or any
        of its Subsidiaries, of the Disclosed Litigation from that described on
        Schedule 4.01(f) hereto.

       

      (e)  The
        elements of the Transaction to be effected on or before the Effective Date
        shall
        have been consummated on terms and conditions consistent with those described
        in
        the Tender Offer Documents and otherwise reasonably satisfactory to the
        Administrative Agent and in compliance with applicable law and regulatory
        approvals, and each of the Administrative Agent shall be satisfied in all
        reasonable respects with the terms and conditions of all material agreements
        and
        instruments relating to the Transaction and there shall not have been any
        material modification, amendment, supplement or waiver to any material agreement
        or instrument relating to the Transaction that could adversely affect the
        Lenders in any material respect including, without limitation, any modification,
        amendment, supplement or waiver relating to (i) the amount or type of
        consideration to be paid in connection with the Transaction and all related
        tax,
        legal and accounting matters and (ii) the capitalization, structure and equity
        ownership of the Borrower and its Subsidiaries after giving effect to the
        Transaction

       

      (f)  The
        Borrower shall have received public surveillance ratings from S&P and by
        Moody’s at least 20 days prior to the Effective Date and the results of such
        ratings shall have been provided to the Administrative Agent.

       

      (g)  There
        shall have been no Material Adverse Change since July 29, 2005.

       

      SECTION
        3.02.   Conditions
        Precedent to Initial Extension of Credit.
        The
        obligation of each Lender to make an Advance or of the Issuing Bank to issue
        a
        Letter of Credit on the occasion of the Initial Extension of Credit hereunder
        is
        subject to the satisfaction of the following conditions precedent before
        or
        concurrently with the Initial Extension of Credit (and Article II of this
        Agreement shall become effective on and as of the first date on which such
        conditions precedent have been satisfied):

       

      (a)  The
        Effective Date shall have occurred.

       

      (b)  The
        Administrative Agent shall have received on or before the day of the Initial
        Extension of Credit the following, each dated such day, in form and substance
        satisfactory to the Administrative Agent (unless otherwise
        specified):

       

      
        
          
          

        

        
          53

          
            

          

        

        
          
          

        

      

      (i)  A
        Notice
        of Borrowing or Notice of Issuance, as applicable, relating to the Initial
        Extension of Credit.

       

      (ii)  A
        certificate from the Chief Financial Officer, the Secretary or an Assistant
        Secretary of the Borrower certifying that all certifications made in the
        certificates delivered pursuant to Section 3.01 shall remain true and correct,
        and all conditions set forth in Section 3.01 shall remain satisfied, in each
        case as of the day of the Initial Extension of Credit.

       

      (iii)  A
        reliance letter of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC,
        counsel for the Loan Parties, confirming the opinion delivered pursuant to
        Section 3.01(a)(xiii) and as to such other matters as the Administrative
        Agent
        may reasonably request.

       

      (c)  The
        Borrower shall have paid all accrued fees of the Agents and the Lender Parties
        and all accrued expenses of the Agents (including the accrued fees and expenses
        of counsel to the Administrative Agent and the Arranger and local counsel
        to the
        Lender Parties).

       

      (d)  The
        Administrative Agent shall have received such other approvals, opinions or
        documents as the Administrative Agent may reasonably request.

       

      SECTION
        3.03.   Conditions
        Precedent to Each Borrowing and Issuance and Renewal.
        The
        obligation of each Appropriate Lender to make an Advance (other than an L/C
        Credit Extension made by the Issuing Bank or a Revolving Credit Lender pursuant
        to Section 2.03(c) and a Swing Line Advance made by a Revolving Credit
        Lender pursuant to Section 2.02(b)) on the occasion of each Borrowing (including
        the Initial Extension of Credit ), and the obligation of the Issuing Bank
        to
        issue a Letter of Credit (including the initial issuance) or renew a Letter
        of
        Credit and the right of the Borrower to request a Swing Line Borrowing, shall
        be
        subject to the further conditions precedent that on the date of such Borrowing
        or issuance or renewal (a) the following statements shall be true (and each
        of the giving of the applicable Notice of Borrowing, Notice of Swing Line
        Borrowing or Notice of Issuance and the acceptance by the Borrower of the
        proceeds of such Borrowing or of such Letter of Credit or the renewal of
        such
        Letter of Credit shall constitute a representation and warranty by the Borrower
        that both on the date of such notice and on the date of such Borrowing or
        issuance or renewal such statements are true):

       

      (i)  the
        representations and warranties contained in each Loan Document are true and
        correct in all material respects on and as of such date, before and after
        giving
        effect to such Borrowing or issuance or renewal and to the application of
        the
        proceeds therefrom, as though made on and as of such date, other than any
        such
        representations or warranties that, by their express terms, refer to a specific
        date other than the date of such Borrowing or issuance or renewal, in which
        case
        as of such specific date; and

       

      (ii)  no
        Default has occurred and is continuing, or would result from such Borrowing
        or
        issuance or renewal or from the application of the proceeds therefrom;
        and

       

      (b)  The
        Administrative Agent shall have received the applicable Notice as described
        in
        paragraph (a) of this Section 3.03.

       

      SECTION
        3.04.   Determinations
        Under Section 3.01 and 3.02.
         For purposes of determining compliance with the conditions specified in
        Section 3.01 and 3.02, each Lender Party shall be deemed to have consented
        to, approved or accepted or to be satisfied with each document or other matter
        required thereunder to be consented to or approved by or acceptable or
        satisfactory to the Lender Parties unless an officer of the Administrative
        Agent
        responsible for the transactions contemplated by the Loan Documents shall
        have
        received notice from such Lender Party prior to the Initial Extension of
        Credit
        specifying its objection thereto and, if the Initial Extension of Credit
        consists of a Borrowing, such Lender Party shall not have made available
        to the
        Administrative Agent such Lender Party’s ratable portion of such
        Borrowing.

       

      
        
          
          

        

        
          54

          
            

          

        

        
          
          

        

      

       

      ARTICLE
        IV  

       

      REPRESENTATIONS
        AND WARRANTIES

       

      SECTION
        4.01.   Representations
        and Warranties of the Loan Parties.
        Each
        Loan Party represents and warrants as follows:

       

             
        (a)  Each
        Loan
        Party and each of its Subsidiaries (i) is a corporation, limited
        partnership or limited liability company duly organized, validly existing
        and in
        good standing under the laws of the jurisdiction of its formation, (ii) is
        duly qualified and in good standing as a foreign corporation, limited
        partnership or limited liability company in each other jurisdiction in which
        it
        owns or leases property or in which the conduct of its business requires
        it to
        so qualify or be licensed except where the failure to so qualify or be licensed
        could not be reasonably likely to have a Material Adverse Effect and
        (iii) has all requisite corporate, limited liability company or partnership
        (as applicable) power and authority to own or lease and operate its properties
        and to carry on its business as now conducted and as proposed to be conducted;
        and (iv) has all Governmental Authorizations necessary to own or lease and
        operate its properties and to carry on its business as now conducted and
        as
        proposed to be conducted except where the failure to have such Governmental
        Authorization could not be reasonably likely to have a Material Adverse Effect.
        

       

      (b)  Set
        forth
        on Schedule 4.01(b) hereto is a complete and accurate list of all
        Subsidiaries of each Loan Party, showing as of the date hereof (as to each
        such
        Subsidiary) the jurisdiction of its formation, the number of shares, membership
        interests or limited partnership interest (as applicable) of each class of
        its
        Equity Interests authorized, and the number outstanding, on the date hereof
        and
        the percentage of each such class of its Equity Interests owned (directly
        or
        indirectly) by such Loan Party and the number of shares, units or partnership
        interests covered by all outstanding options, warrants, rights of conversion
        or
        purchase and similar rights at the date hereof. All of the outstanding Equity
        Interests in each Loan Party’s Subsidiaries have been validly issued, are fully
        paid and non-assessable and except as indicated on Schedule 4.01(b) hereto,
        are
        owned by such Loan Party or one or more of its Subsidiaries free and clear
        of
        all Liens, except those created under the Loan Documents.

       

      (c)  The
        execution, delivery and performance by each Loan Party of each Transaction
        Document to which it is or is to be a party, and the consummation of the
        Transaction, are within such Loan Party’s corporate, limited liability company
        or limited partnership (as applicable) powers, have been duly authorized
        by all
        necessary corporate, limited liability company or limited partnership (as
        applicable) action, and do not (i) contravene such Loan Party’s charter,
        certificate of formation, bylaws, limited liability company agreement,
        partnership agreement or other constituent documents, (ii) violate any
        current law, rule, regulation (including, without limitation, Regulations
        U
        or X of the Board of Governors of the Federal Reserve System), order, writ,
        judgment, injunction, decree, determination or award, (iii) conflict with
        or result in the breach of, or constitute a default or require any payment
        to be
        made under, any contract, loan agreement, indenture, mortgage, deed of trust,
        lease or other instrument binding on or affecting any Loan Party, any of
        its
        Subsidiaries or any of their properties or (iv) except for the Liens
        created under the Loan Documents, result in or require the creation or
        imposition of any Lien upon or with respect to any of the properties of any
        Loan
        Party or any of its Subsidiaries. No Loan Party or any of its Subsidiaries
        is in
        violation of any such law, rule, regulation, order, writ, judgment, injunction,
        decree, determination or award or in breach of any such contract, loan
        agreement, indenture, mortgage, deed of trust, lease or other instrument,
        the
        violation or breach of which could be reasonably likely to have a Material
        Adverse Effect.

       

      
        
          
          

        

        
          55

          
            

          

        

        
          
          

        

      

      (d)  No
        Governmental Authorization, and no notice to or filing with any Governmental
        Authority or any other third party, is required for (i) the due execution,
        delivery, recordation, filing or performance by any Loan Party of any
        Transaction Document to which it is or is to be a party, or for the consummation
        of the Transaction, (ii) the grant by any Loan Party of the Liens granted
        by it pursuant to the Collateral Documents, (iii) the perfection or
        maintenance of the Liens created under the Collateral Documents (including
        the
        first priority nature thereof), or (iv) the exercise by any Agent or any
        Lender Party of its rights under the Loan Documents or the remedies in respect
        of the Collateral pursuant to the Collateral Documents , except for the
        authorizations, approvals, actions, notices and filings listed on Schedule 4.01(d)
        hereto,
        all of which have been duly obtained, taken, given or made and are in full
        force
        and effect. All applicable waiting periods in connection with the Transaction
        have expired without any action having been taken by any competent authority
        restraining, preventing or imposing materially adverse conditions upon the
        Transaction or the rights of the Loan Parties or their Subsidiaries freely
        to
        transfer or otherwise dispose of, or to create any Lien on, any properties
        now
        owned or hereafter acquired by any of them. The Repurchase has been consummated
        or will be consummated simultaneously with the Initial Extension of Credit
        in
        accordance with the Tender Offer Documents and applicable law.

       

      (e)  This
        Agreement has been, and each other Loan Document when delivered hereunder
        will
        have been, duly executed and delivered by each Loan Party that is a party
        thereto. This Agreement is, and each other Loan Document when delivered
        hereunder will be, the legal, valid and binding obligation of each Loan Party
        that is a party thereto, enforceable against such Loan Party in accordance
        with
        its terms subject, as to enforcement only, to bankruptcy, insolvency,
        reorganization, moratoriums or similar laws at the time in effect affecting
        the
        enforceability of the rights of creditors generally.

       

      (f)  There
        is
        no action, suit, investigation, litigation or proceeding affecting any Loan
        Party or any of its Subsidiaries, including any Environmental Action, pending
        or
        threatened before any Governmental Authority or arbitrator that (i) could
        reasonably be expected to have a Material Adverse Effect or (ii) purports
        to affect the legality, validity or enforceability of any Transaction Document
        or the consummation of the Transaction, and there has been no Material Adverse
        Change in the status, or financial effect on any Loan Party or any of its
        Subsidiaries, of the Disclosed Litigation from that described on Schedule 4.01(f)
        hereto.

       

      (g)  The
        consolidated balance sheets of the Borrower and its Subsidiaries as at July
        29,
        2005, and the related consolidated statements of income and consolidated
        statement of cash flows of the Borrower and its Subsidiaries for the fiscal
        year
        then ended, accompanied by an unqualified opinion of Deloitte & Touche LLP,
        independent registered public accountants, and the unaudited consolidated
        balance sheets of the Borrower and its Subsidiaries as at January 27, 2006,
        and
        the related unaudited consolidated statements of income and consolidated
        statement of cash flows of the Borrower and its Subsidiaries for the six
        months
        then ended, duly certified by the chief financial officer of the Borrower,
        copies of which have been furnished to each Lender Party, fairly present
        the
        consolidated financial condition of the Borrower and its Subsidiaries as
        at such
        dates and the consolidated results of operations of the Borrower and its
        Subsidiaries for the periods ended on such dates, all in accordance with
        generally accepted accounting principles applied on a consistent basis, except
        (insofar as consistency is concerned) as related to the adoption on July
        30,
        2005 of Statement of Financial Accounting Standards No. 123 (Revised 2004),
        “Share-Based Payment”, and since July 29, 2005, there has been no event,
        development or occurrence that could have a Material Adverse
        Effect.

       

      
        
          
          

        

        
          56

          
            

          

        

        
          
          

        

      

       

      (h)  The
        consolidated pro
        forma
        balance
        sheet of the Borrower and its Subsidiaries as at January 27, 2006, the related
        consolidated pro
        forma
        statements of income and cash flows of the Borrower and its Subsidiaries
        for the
        four-quarter period then ended, in each case certified by the chief financial
        officer of the Borrower, copies of which have been furnished to each Lender
        Party, fairly present the consolidated pro
        forma
        financial condition of the Borrower and its Subsidiaries as at such dates
        and
        the consolidated pro
        forma
        results
        of operations of the Borrower and its Subsidiaries for the period ended on
        such
        dates, in each case giving effect to the Transaction, all in accordance with
        GAAP.

       

      (i)  The
        consolidated forecasted balance sheet, statement of income and statement
        of cash
        flows of the Borrower and its Subsidiaries, delivered to the Lender Parties
        pursuant to Section 3.01(a)(xi) or 5.03, were prepared in good faith on the
        basis of the assumptions stated therein, which assumptions were reasonable
        in
        light of the conditions existing at the time of delivery of such forecasts,
        and
        represented, at the time of delivery, the Borrower’s reasonable best estimate of
        its future financial performance, based upon the assumptions set forth in
        such
        forecast.

       

      (j)  Neither
        the Information Memorandum, the Tender Offer Documents nor any other
        information, exhibit or report furnished by or on behalf of any Loan Party
        to
        any Agent or any Lender Party in connection with the negotiation and syndication
        of the Loan Documents or pursuant to the terms of the Loan Documents contained
        any untrue statement of a material fact or omitted to state a material fact
        necessary to make the statements made therein not misleading.

       

      (k)  The
        Borrower is not engaged in the business of extending credit for the purpose
        of
        purchasing or carrying Margin Stock, and no proceeds of any Advance or drawings
        under any Letter of Credit will be used, directly or indirectly, to purchase
        or
        carry any Margin Stock or to extend credit to others for the purpose of
        purchasing or carrying any Margin Stock.

       

      (l)  Neither
        any Loan Party nor any of its Subsidiaries is an “investment company”, or an
“affiliated person” of, or “promoter” or “principal underwriter” for, an
“investment company”, as such terms are defined in the Investment Company Act of
        1940, as amended. Neither the making of any Advances, nor the issuance of
        any
        Letters of Credit, nor the application of the proceeds or repayment thereof
        by
        the Borrower, nor the consummation of the other transactions contemplated
        by the
        Transaction Documents, will violate any provision of any such Act or any
        rule,
        regulation or order of the Securities and Exchange Commission
        thereunder.

       

      (m)  Neither
        any Loan Party nor any of its Subsidiaries is a party to any indenture, loan
        or
        credit agreement or any lease or other agreement or instrument or subject
        to any
        charter or corporate restriction that could be reasonably likely to have
        a
        Material Adverse Effect.

       

      (n)  The
        provisions of the Collateral Documents executed by the Loan Parties are
        effective to create, in favor of the Lenders, legal, valid and enforceable
        security interests in all right, title and interest of the Loan Parties in
        any
        and all of the collateral described therein, securing the Notes and all other
        Obligations from time to time outstanding under the Loan Documents, and each
        of
        such Collateral Documents, upon the taking of possession of the Security
        Collateral as provided in the Pledge Agreement shall create a fully perfected
        security interest in all right, title and interest of the Loan Parties in
        such
        collateral, superior in right to any liens, existing or future, which the
        Loan
        Parties or any creditors of or purchasers from, or any other Person, may
        have
        against such collateral or interests therein. The Loan Parties are the legal
        and
        beneficial owners of the Collateral free and clear of any Lien, except for
        the
        liens and security interests created or permitted under the Loan
        Documents.

       

      (o)  Each
        Loan
        Party is, individually and together with its Subsidiaries, Solvent.

       

      
        
          
          

        

        
          57

          
            

          

        

        
          
          

        

      

       

      (p)    
 (i)
        Set
        forth on Schedule 4.01(p) hereto is a complete and accurate list of all Plans,
        Multiemployer Plans and Welfare Plans.

       

       
        (ii)  No
        ERISA
        Event has occurred or is reasonably expected to occur with respect to any
        Plan
        that has resulted in or is reasonably expected to result in a material liability
        of any Loan Party or any ERISA Affiliate.

       

      (iii)  Schedule
        B (Actuarial Information), if applicable, to the most recent annual report
        (Form
        5500 Series) for each Plan, copies of which have been filed with the Internal
        Revenue Service and furnished to the Lender Parties, is complete and accurate
        and fairly presents the funding status of such Plan, and since the date of
        such
        Schedule B there has been no material adverse change in such funding
        status.

       

      (iv)  Neither
        any Loan Party nor any ERISA Affiliate has incurred or is reasonably expected
        to
        incur any Withdrawal Liability to any Multiemployer Plan.

       

      (v)  Neither
        any Loan Party nor any ERISA Affiliate has been notified by the sponsor of
        a
        Multiemployer Plan that such Multiemployer Plan is in reorganization or has
        been
        terminated, within the meaning of Title IV of ERISA, and no such Multiemployer
        Plan is reasonably expected to be in reorganization or to be terminated,
        within
        the meaning of Title IV of ERISA.

       

      (vi)  With
        respect to each employee benefit arrangement mandated by non-U.S. law (a
        “Foreign
        Benefit Arrangement”)
        and
        with respect to each employee benefit plan maintained or contributed to by
        any
        Loan Party or any Subsidiary of any Loan Party that is not subject to United
        States law (a “Foreign
        Plan”):

       

      (A)  Any
        employer and employee contributions required by law or by the terms of any
        Foreign Benefit Arrangement or any Foreign Plan have been made, or, if
        applicable, accrued, in accordance with normal accounting
        practices.

       

      (B)  The
        fair
        market value of the assets of each funded Foreign Plan, the liability of
        each
        insurer for any Foreign Plan funded through insurance or the book reserve
        established for any Foreign Plan, together with any accrued contributions,
        is
        sufficient to procure or provide for the accrued benefit obligations, as
        of the
        date hereof, with respect to all current and former participants in such
        Foreign
        Plan according to the actuarial assumptions and valuations most recently
        used to
        account for such obligations in accordance with applicable generally accepted
        accounting principles.

       

      (C)  Each
        Foreign Plan that is required to be registered has been registered and has
        been
        maintained in good standing with applicable regulatory authorities.

       

      (q)     (i)
        The
        operations and properties of each Loan Party and each of its Subsidiaries
        comply
        in all material respects with all applicable Environmental Laws and
        Environmental Permits, all past non-compliance with such Environmental Laws
        and
        Environmental Permits has been resolved without ongoing obligations or costs,
        and no circumstances exist that could be reasonably likely to (A) form the
        basis of an Environmental Action against any Loan Party or any of its
        Subsidiaries or any of their properties that would be reasonably expected
        to
        have a Material Adverse Effect or (B) cause any such property to be subject
        to any material restrictions on ownership, occupancy, use or transferability
        under any Environmental Law.

       

      
        
          
          

        

        
          58

          
            

          

        

        
          
          

        

      

       

      (ii)  None
        of
        the properties currently or, to the knowledge of the Loan Parties, formerly
        owned or operated by any Loan Party or any of its Subsidiaries is listed
        or
        proposed for listing on the NPL or on the CERCLIS or any analogous foreign,
        state or local list or, to the knowledge of the Loan Parties, is adjacent
        to any
        such property; except for the properties that are listed in Schedule 4.01(q),
        there are no and, to the knowledge of the Loan Parties, never have been any
        underground or aboveground storage tanks or any surface impoundments, septic
        tanks, pits, sumps or lagoons in which Hazardous Materials are being or have
        been treated, stored or disposed on any property currently owned or operated
        by
        any Loan Party or any of its Subsidiaries or, to the knowledge of the Loan
        Parties, on any property formerly owned or operated by any Loan Party or
        any of
        its Subsidiaries; there is no asbestos or asbestos-containing material on
        any
        property currently owned or operated by any Loan Party or any of its
        Subsidiaries in a form or condition which violates, or gives rise to liability
        under, Environmental Laws; and Hazardous Materials have not been released,
        discharged or disposed of on any property currently or, to the knowledge
        of the
        Loan Parties, formerly owned or operated by any Loan Party or any of its
        Subsidiaries, in each case, the release, discharge or disposal of which would
        be
        reasonably expected to have a Material Adverse Effect.

       

      (iii)  Except
        as
        otherwise set forth on Schedule 4.01(q)
        hereto,
        neither any Loan Party nor any of its Subsidiaries is undertaking, and has
        not
        completed, either individually or together with other potentially responsible
        parties, any investigation or assessment or remedial or response action relating
        to any actual or threatened release, discharge or disposal of Hazardous
        Materials at any site, location or operation, either voluntarily or pursuant
        to
        the order of any governmental or regulatory authority or the requirements
        of any
        Environmental Law; and all Hazardous Materials generated, used, treated,
        handled
        or stored at, or transported to or from, any property currently or, to the
        knowledge of any Loan Party, formerly owned or operated by any Loan Party
        or any
        of its Subsidiaries have been disposed of in a manner not reasonably expected
        to
        result in a Material Adverse Effect .

       

      (r)  (i)
        Except as disclosed on Schedule 4.01(r), neither any Loan Party nor any of
        its
        Subsidiaries is party to any tax sharing agreement other than a tax sharing
        agreement approved by the Required Lenders.

       

      (ii)  Each
        Loan
        Party and each of its Subsidiaries and Affiliates has filed, has caused to
        be
        filed or has been included in all tax returns (Federal, state, local and
        foreign) required to be filed and has paid all taxes shown thereon to be
        due,
        together with applicable interest and penalties.

       

           
        (iii) Set
        forth
        on Schedule 4.01(r)
        hereto
        is a complete and accurate list, as of the date hereof, of each taxable year
        of
        each Loan Party and each of its Subsidiaries and Affiliates for which Federal
        income tax returns have been filed and for which the expiration of the
        applicable statute of limitations for assessment or collection has not occurred
        by reason of extension or otherwise (an “Open
        Year”).

       

      (s)  The
        representations and warranties contained in the other Loan Documents are
        true
        and correct in all material respects.

       

      (t)  Set
        forth
        on Schedule 4.01(t)
        hereto
        is a complete and accurate list of all Existing Debt (other than Surviving
        Debt), showing as of the date hereof the obligor and the principal amount
        outstanding thereunder.

       

      
        
          
          

        

        
          59

          
            

          

        

        
          
          

        

      

      (u)  Set
        forth
        on Schedule 4.01(u)
        hereto
        is a complete and accurate list of all Surviving Debt, showing as of the
        date
        hereof the obligor and the principal amount outstanding thereunder and the
        maturity date thereof.

       

      (v)  Set
        forth
        on Schedule 4.01(v)
        hereto
        is a complete and accurate list of all Liens on the property or assets of
        any
        Loan Party or any of its Subsidiaries, showing as of the date hereof the
        lienholder thereof, the principal amount of the obligations secured thereby
        and
        the property or assets of such Loan Party or such Subsidiary subject
        thereto.

       

      (w)  Set
        forth
        on Schedule 4.01(w)
        hereto
        is a complete and accurate list of all real property owned by any Loan Party
        or
        any of its Subsidiaries (“Owned
        Real Property”),
        showing as of the date hereof the street address, county or other relevant
        jurisdiction, state and record owner. Each Loan Party or such Subsidiary
        has
        good and marketable fee simple title to such real property, free and clear
        of
        all Liens, other than Permitted Liens and those created by the Loan
        Documents.

       

      (x)  Set
        forth
        on Schedule 4.01(x)
        hereto
        is a complete and accurate list of all Real Property Leases under which any
        Loan
        Party or any of its Subsidiaries is the lessee, showing as of the date hereof
        the street address, county or other relevant jurisdiction, state, names of
        the
        lessor and lessee, expiration date and annual rental cost thereof. 

       

      (y)  Set
        forth
        on Schedule
        4.01(y)
        hereto
        is a complete and accurate list of all Real Property Leases under which any
        Loan
        Party or any of its Subsidiaries is the lessor, showing as of the date hereof
        the street address, county or other relevant jurisdiction, state, names of
        the
        lessor and lessee, expiration date and annual rental received therefor.

       

      (z)  Set
        forth
        on Schedule 4.01(z)
        hereto
        is a complete and accurate list of all Investments held by any Loan Party
        or any
        of its Subsidiaries on the date hereof, showing as of the date hereof the
        amount, obligor or issuer and maturity, if any, thereof.

       

      (aa)  Set
        forth
        on Schedule 4.01(aa)
        hereto
        is a complete and accurate list of all patents, trademarks, registered trade
        names, service marks and registered copyrights, and all applications therefor
        and licenses thereof (other than to franchisees of Logan’s), of each Loan Party
        or any of its Subsidiaries, showing, as of the date hereof, (i) in the case
        of
        registrations, the jurisdiction in which it is registered, the registration
        number, the date of registration and, other than for copyrights, the expiration
        date; and (ii) in the case of pending applications, the jurisdiction in which
        such applications are filed, the application number and the date of
        filing.

       

      (bb)  Each
        Loan
        Party is in compliance in all material respects with the requirements of
        all
        laws (including, without limitation, the Patriot Act), rules, regulations
        and
        all orders, writs, injunctions, decrees, determinations or awards applicable
        to
        it or to its properties, except in such instances in which (i) such requirement
        of law, rule, regulation, order, writ, injunction, decree, determination
        or
        award is being contested in good faith by appropriate proceedings diligently
        conducted or (ii) the failure to comply therewith, either individually or
        in the
        aggregate, could not reasonably be expected to have a Material Adverse Effect.
        Neither the Borrower nor any of its Subsidiaries is in material violation
        of any
        laws relating to terrorism or money laundering, including, without limitation,
        the Patriot Act.

       

      (cc)  None
        of
        the Loan Parties or any of their Subsidiaries is (i) named on the list of
        Specially Designated Nationals or Blocked Persons maintained by the U.S.
        Department of the Treasury’s Office of Foreign Assets Control available at
        http://www.treas.gov/offices/eotffc/ofac/sdn/index.html, or (ii) (A) an agency
        of the government of a country, (B) an organization controlled by a country,
        or
        (C) a person resident in a country that is subject to a sanctions program
        identified on the list maintained by the U.S. Department of the Treasury’s
        Office of Foreign Assets Control and available at
        http://www.treas.gov/offices/eotffc/ofac/sanctions/index.html, or as otherwise
        published from time to time, as such program may be applicable to such agency,
        organization or person, and the Letters of Credit and the proceeds from any
        Advances hereunder will not be used by any Loan Party to fund any operations
        in,
        finance any investments or activities in, or make any payments to, any such
        country, agency, organization or person.

       

      
        
          
          

        

        
          60

          
            

          

        

        
          
          

        

      

      (dd)  Each
        Loan
        Party and its Subsidiaries own, or possess the right to use, all of the
        trademarks, service marks, trade names, copyrights, patents, patent rights,
        franchises, licenses and other intellectual property rights (collectively,
        “IP
        Rights”)
        that
        the Loan parties consider reasonably necessary for the operation of their
        respective businesses as presently conducted, without any infringement upon
        the
        rights of any other Person that could have a Material Adverse Effect. To
        the
        knowledge of the Borrower, no slogan or other advertising device, product,
        process, method, substance, part or other material now employed, or now
        contemplated to be employed, by any Loan Party or any Subsidiary infringes
        upon
        any rights held by any other Person in any manner that could reasonably be
        expected to have a Material Adverse Effect. No claim or litigation regarding
        any
        of the foregoing is pending or, to the best knowledge of the Borrower,
        threatened, which, either individually or in the aggregate, could reasonably
        be
        expected to have a Material Adverse Effect.

       

      ARTICLE
        V  

       

      COVENANTS
        OF THE LOAN PARTIES

      SECTION
        5.01.   Affirmative
        Covenants.
         So long as any Advance or any other Obligation of any Loan Party under any
        Loan Document shall remain unpaid, any Letter of Credit shall be outstanding
        or
        any Lender Party shall have any Commitment hereunder, each Loan Party
        will:

       

      (a)  Compliance
        with Laws, Etc.
        Comply,
        and cause each of its Subsidiaries to comply, in all material respects, with
        all
        applicable laws, rules, regulations and orders, such compliance to include,
        without limitation, compliance with ERISA, the Racketeer Influenced and Corrupt
        Organizations Chapter of the Organized Crime Control Act of 1970 and the
        Patriot
        Act.

       

      (b)  Payment
        of Taxes, Etc.
        Pay and
        discharge, and cause each of its Subsidiaries to pay and discharge, before
        the
        same shall become delinquent, (i) all taxes, assessments and governmental
        charges or levies imposed upon it or upon its property and (ii) all lawful
        claims that, if unpaid, might by law become a Lien upon its property;
provided,
        however,
        that no
        Loan Party shall be required to pay or discharge any such tax, assessment,
        charge or claim that is being contested in good faith and by proper proceedings
        and as to which appropriate reserves are being maintained, unless and until
        any
        Lien resulting therefrom attaches to its property and becomes
        enforceable.

       

      (c)  Compliance
        with Environmental Laws.
        Comply,
        and cause each of its Subsidiaries and all lessees and other Persons operating
        or occupying its properties to comply, in all material respects, with all
        applicable Environmental Laws and Environmental Permits; obtain and renew,
        and
        cause each of its Subsidiaries to obtain and renew, all Environmental Permits
        necessary for its operations and properties; and conduct, and cause each
        of its
        Subsidiaries to conduct, any investigation, study, sampling and testing,
        and
        undertake any cleanup, removal, remedial or other action necessary to remove
        and
        clean up all Hazardous Materials from any of its properties, in accordance
        with
        the requirements of all Environmental Laws; provided,
        however,
        that no
        Loan Party nor any of its Subsidiaries shall be required to undertake any
        such
        cleanup, removal, remedial or other action to the extent that its obligation
        to
        do so is being contested in good faith and by proper proceedings and appropriate
        reserves are being maintained with respect to such circumstances.

       

      
        
          
          

        

        
          61

          
            

          

        

        
          
          

        

      

      (d)  Maintenance
        of Insurance.
        Maintain, and cause each of its Subsidiaries to maintain, insurance (including
        business interruption and hazards) with responsible and reputable insurance
        companies or associations and such insurance shall be maintained in such
        amounts
        (with such deductibles and self insured retentions) and covering such risks
        as
        is usually carried by companies of similar size, engaged in similar businesses
        and owning similar properties in the same general areas in which any Loan
        Party
        or any of its Subsidiaries operates.

       

      (e)  Preservation
        of Corporate Existence, Etc.
        Preserve and maintain, and cause each of its Subsidiaries to preserve and
        maintain, its existence, legal structure, legal name, rights (charter and
        statutory), permits, licenses, approvals, privileges and franchises;
provided,
        however,
        that
        the Loan Parties and their respective Subsidiaries may consummate any merger
        or
        consolidation permitted under Section 5.02(d) ); provided,
        further,
        that
        none of the Loan Parties or their respective Subsidiaries shall be required
        to
        preserve any right, permit, license, approval, privilege or franchise if
        the
        board of directors of the Borrower or such Subsidiary or equivalent governing
        body shall determine that the preservation thereof is no longer desirable
        in the
        conduct of the business of the Loan Party or such Subsidiary, as the case
        may
        be, and that the loss thereof does not have a Material Adverse
        Effect.

       

      (f)  Visitation
        Rights.
        At any
        reasonable time and from time to time, permit any of the Agents or any of
        the
        Lender Parties, or any agents or representatives thereof, to examine and
        make
        copies of and abstracts from the records and books of account of, and visit
        the
        properties of, the Loan Parties and any of their Subsidiaries, and to discuss
        the affairs, finances and accounts of the Borrower and any of its Subsidiaries
        with any of their officers or directors and (in the case of discussions with
        any
        of the Agents or any agents or representatives thereof) with their independent
        certified public accountants; provided
        that in
        the case of discussions with or examination or visits by any of the Agents
        (or
        any agents or representatives of the Agents), such discussions, examination
        or
        visits shall be at the expense of the Borrower.

       

      (g)  Keeping
        of Books.
        Keep,
        and cause each of its Subsidiaries to keep, proper books of record and account,
        in which full and correct entries shall be made of all financial transactions
        and the assets and business of each Loan Party in accordance with
        GAAP.

       

      (h)  Maintenance
        of Properties, Etc.
        Maintain and preserve, and cause each of its Subsidiaries to maintain and
        preserve, all of its properties that are used or useful in the conduct of
        its
        business in good working order and condition, ordinary wear and tear excepted
        and except for such failure to so maintain which would not reasonably be
        expected to have a Material Adverse Effect.

       

      (i)  Maintenance
        of Credit Ratings.
        Use
        best efforts to maintain public surveillance ratings of the Facilities by
        Moody’s and S&P.

       

      (j)  Covenant
        to Guarantee Obligations and Give Security.
        Upon
        the formation or acquisition of any new direct or indirect Subsidiaries by
        any
        Loan Party, then in each case at the Borrower’s expense:

       

      (i)  in
        connection with the formation or acquisition of a Subsidiary that is not
        (x) a
        CFC or (y) a Subsidiary that is held directly or indirectly by a CFC, within
        10
        days after such formation or acquisition, cause each such Subsidiary, and
        cause
        each direct and indirect parent of such Subsidiary (if it has not already
        done
        so), to duly execute and deliver to the Collateral Agent a guaranty or guaranty
        supplement, in form and substance satisfactory to the Collateral Agent,
        guaranteeing the other Loan Parties’ obligations under the Loan
        Documents,

       

       

      
        
          
          

        

        
          62

          
            

          

        

        
          
          

        

      

      (ii)  within
        30
        days after such formation or acquisition of any new Subsidiary, duly execute
        and
        deliver and cause such Subsidiary and each Loan Party acquiring Equity Interests
        in such Subsidiary to duly execute and deliver to the Collateral Agent pledges,
        assignments, pledge agreement supplements and other pledge agreements as
        specified by, and in form and substance satisfactory to the Collateral Agent,
        securing payment of all of the obligations of such Subsidiary or Loan Party,
        respectively, under the Loan Documents; provided
        that (A)
        the Equity Interests in any Subsidiary held by a CFC shall not be required
        to be
        pledged and (B) if such new property is Equity Interests in a CFC, only 66%
        of
        the voting Equity Interests and 100% of the non-voting Equity Interests of
        such
        CFC shall be pledged in favor of the Secured Parties,

       

      (iii)  within
        30
        days after such formation or acquisition of any new Subsidiary, take, and
        cause
        each newly acquired or newly formed Subsidiary (other than any Subsidiary
        that
        is a CFC or a Subsidiary that is held directly or indirectly by a CFC) to
        take,
        whatever action (including, without limitation, the filing of Uniform Commercial
        Code financing statements) may be necessary or advisable in the opinion of
        the
        Collateral Agent to vest in the Collateral Agent (or in any representative
        of
        the Collateral Agent designated by it) valid and subsisting Liens on the
        properties purported to be subject to the pledges, assignments, pledge agreement
        supplements and pledge agreements delivered pursuant to the Loan Documents,
        enforceable against all third parties in accordance with their terms,

       

      (iv)  within
        60
        days after formation or acquisition of any new Subsidiary that is a “significant
        subsidiary” as defined by Regulation S-X promulgated by the Securities and
        Exchange Commission, deliver to the Collateral Agent, upon the request of
        the
        Collateral Agent in its sole discretion, a signed copy of a favorable opinion,
        addressed to the Collateral Agent and the other Secured Parties, of counsel
        for
        the Loan Parties acceptable to the Collateral Agent as to (1) the matters
        contained in this Section 5.01(j), (2) such guaranties, guaranty supplements,
        pledges, assignments, pledge agreement supplements and other pledge agreements
        being legal, valid and binding obligations of each Loan Party that is a party
        thereto enforceable in accordance with their terms, as to the matters contained
        in this Section 5.01(j), (3) such recordings, filings, notices, endorsements
        and
        other actions being sufficient to create valid perfected Liens on such
        properties and (4) such other matters as the Collateral Agent may reasonably
        request, and

       

      (v)  at
        any
        time and from time to time, promptly execute and deliver, and cause to execute
        and deliver, each newly acquired or newly formed Subsidiary (other than any
        Subsidiary that is a CFC or a Subsidiary that is held directly or indirectly
        by
        a CFC) any and all further instruments and documents and take, and cause
        each
        newly acquired or newly formed Subsidiary (other than any Subsidiary that
        is a
        CFC or a Subsidiary that is held directly or indirectly by a CFC) to take,
        all
        such other action as the Collateral Agent may deem necessary or desirable
        in
        obtaining the full benefits of, or in perfecting and preserving the Liens
        created or purported to be created under the Loan Documents.

       

      (k)  Further
        Assurances.
        Promptly upon request by any Agent, or any Lender Party through the
        Administrative Agent, take and cause each Subsidiary to take the following
        actions: (i) correct any material defect or error that may be discovered
        in any
        Loan Document or in the execution, acknowledgment, filing or recordation
        thereof, and

       

      
        
          
          

        

        
          63

          
            

          

        

        
          
          

        

      

      (ii)  execute,
        acknowledge, deliver, record, re-record, file, re-file, register and re-register
        any and all such further acts, deeds, conveyances, pledge agreements,
        assignments, financing statements and continuations thereof, termination
        statements, notices of assignment, transfers, certificates, assurances and
        other
        instruments as any Agent, or any Lender Party through the Administrative
        Agent,
        reasonably determines is necessary from time to time in order to (A) carry
        out more effectively the purposes of the Loan Documents, (B) to the fullest
        extent permitted by applicable law, subject any Loan Party’s or any of its
        Subsidiaries’ properties, assets, rights or interests to the Liens now or
        hereafter intended to be covered by any of the Collateral Documents,
        (C) perfect and maintain the validity, effectiveness and priority of any of
        the Collateral Documents and any of the Liens intended to be created thereunder
        and (D) assure, convey, grant, assign, transfer, preserve, protect and
        confirm more effectively unto the Secured Parties the rights granted or now
        or
        hereafter intended to be granted to the Secured Parties under any Loan Document
        or under any other instrument executed in connection with any Loan Document
        to
        which any Loan Party or any of its Subsidiaries is or is to be a
        party.

       

      (l)  Performance
        of Related Documents.
        Perform
        and observe, and cause each of its Subsidiaries to perform and observe, all
        of
        the terms and provisions of each Related Document to be performed or observed
        by
        it, maintain each such Related Document in full force and effect in all material
        respects, enforce such Related Document in accordance with its terms except
        when
        the failure to do so would not reasonably be expected to have a Material
        Adverse
        Effect, take all such action to such end as may be from time to time requested
        by the Administrative Agent and, upon the reasonable request of the
        Administrative Agent, make to each other party to each such Related Document
        such demands and requests for information and reports or for action as any
        Loan
        Party or any of its Subsidiaries is entitled to make under such Related
        Document.

       

      (m)  Preparation
        of Environmental Reports.
        At the
        request of the Administrative Agent or the Collateral Agent after the occurrence
        or discovery of an event, condition or circumstance reasonably likely to
        give
        rise to an Environmental Action that would be reasonably likely (whether
        individually or in the aggregate) to have a Material Adverse Effect, provide to
        the Lender Parties within 60 days after such request, at the expense of the
        Borrower, an environmental site assessment report for any of its or its
        Subsidiaries’ properties affected by the event, condition or circumstance in
        question, prepared by an environmental consulting firm reasonably acceptable
        to
        the Administrative Agent , indicating the presence or absence of Hazardous
        Materials and the estimated cost of any compliance, removal or remedial action
        in connection with any Hazardous Materials on such properties; without limiting
        the generality of the foregoing, if the Administrative Agent determines at
        any
        time that a material risk exists that any such report will not be provided
        within the time referred to above, the Administrative Agent may retain an
        environmental consulting firm to prepare such report at the expense of the
        Borrower, and the Borrower hereby grants and agrees to cause any Subsidiary
        that
        owns any property affected by the event, condition or circumstance in question
        to grant at the time of such request to the Agents, the Lender Parties, such
        firm and any agents or representatives thereof an irrevocable non-exclusive
        license, subject to the rights of tenants, to enter onto any of their respective
        properties affected by the event, condition or circumstance in question to
        undertake such an assessment.

       

      (n)  Compliance
        with Terms of Leaseholds.
        Take
        and cause each Subsidiary to take the following actions: make all payments
        and
        otherwise perform all obligations in respect of all leases of real property
        to
        which the any of the Loan Parties or their respective Subsidiaries is a party,
        keep such leases in full force and effect and not allow such leases to lapse
        or
        be terminated or any rights to renew such leases to be forfeited or cancelled,
        notify the Administrative Agent of any default by any party with respect
        to such
        leases and cooperate with the Administrative Agent in all respects to cure
        any
        such default, except, in any case, where the failure to do so, either
        individually or in the aggregate, would not be reasonably likely to have
        a
        Material Adverse Effect.

      
        
          
          

        

        
          64

          
            

          

        

        
          
          

        

      

       

      (o)  Performance
        of Material Contracts.
        Take
        and cause each Subsidiary to take the following actions: perform and observe
        all
        the terms and provisions of each Material Contract to which any of the Loan
        Parties or their respective Subsidiaries is a party, maintain each such Material
        Contract in full force and effect, enforce each such Material Contract in
        accordance with its terms, take all such action to such end as may be from
        time
        to time requested by the Administrative Agent and, upon request of the
        Administrative Agent, make to each other party to each such Material Contract
        such demands and requests for information and reports or for action as the
        Loan
        Party or any of its Subsidiaries is entitled to make under such Material
        Contract, and cause each of its Subsidiaries to do so, except, in any case,
        where the failure to do so, either individually or in the aggregate, would
        not
        be reasonably likely to have a Material Adverse Effect.

       

      (p)  Use
        of
        Proceeds.
        Use the
        proceeds of each of the Advances and Letters of Credit solely for the purposes
        set forth in the Preliminary Statements hereof.

       

      SECTION
        5.02.   Negative
        Covenants.
         So long as any Advance or any other Obligation of any Loan Party under any
        Loan Document shall remain unpaid, any Letter of Credit shall be outstanding
        or
        any Lender Party shall have any Commitment hereunder, each Loan Party and
        its
        Subsidiaries will not, at any time:

       

      (a)  Liens,
        Etc.
        Create,
        incur, assume or suffer to exist, or permit any of its Subsidiaries to create,
        incur, assume or suffer to exist, any Lien on or with respect to any of its
        properties of any character (including, without limitation, accounts) whether
        now owned or hereafter acquired, or sign or file or suffer to exist, or permit
        any of its Subsidiaries to sign or file or suffer to exist, under the Uniform
        Commercial Code of any jurisdiction, a financing statement that names any
        Loan
        Party or any of its Subsidiaries as debtor, or sign or suffer to exist, or
        permit any of its Subsidiaries to sign or suffer to exist, any security
        agreement authorizing any secured party thereunder to file such financing
        statement, or assign, or permit any of its Subsidiaries to assign, any accounts
        or other right to receive income, except:

       

      (i)  Liens
        created under the Loan Documents;

       

      (ii)  Permitted
        Liens;

       

      (iii)  Liens
        existing on the date hereof and described on Schedule 4.01(v)
        hereto;

       

      (iv)  purchase
        money Liens upon or in real property or equipment acquired or held by the
        Borrower or any of its Subsidiaries in the ordinary course of business to
        secure
        the purchase price of such property or equipment or to secure Debt incurred
        solely for the purpose of financing the acquisition, construction or improvement
        of any such property or equipment to be subject to such Liens, or Liens existing
        on any such property or equipment at the time of acquisition (other than
        any
        such Liens created in contemplation of such acquisition that do not secure
        the
        purchase price), or extensions, renewals or replacements of any of the foregoing
        for the same or a lesser amount; provided,
        however,
        that no
        such Lien shall extend to or cover any property other than the property or
        equipment being acquired, constructed or improved, and no such extension,
        renewal or replacement shall extend to or cover any property not theretofore
        subject to the Lien being extended, renewed or replaced; and provided further
        that the
        aggregate principal amount of the Debt secured by Liens permitted by this
        clause (iv) shall not exceed the amount permitted under Section
        5.02(b)(iii)(B) at any time outstanding;

       

      
        
          
          

        

        
          65

          
            

          

        

        
          
          

        

      

      (v)  Liens
        arising in connection with Capitalized Leases of the Borrower or any of its
        Subsidiaries permitted under Section 5.02(b)(iii)(C); provided
        that no
        such Lien shall extend to or cover any Collateral or assets other than the
        assets subject to such Capitalized Leases;

       

      (vi)  the
        replacement, extension or renewal of any Lien permitted by clause (iii) above
        upon or in the same property theretofore subject thereto or the replacement,
        extension or renewal (without increase in the amount or change in any direct
        or
        contingent obligor) of the Debt secured thereby provided that such replacement,
        extension or renewal does not extend to any additional property other than
        (A)
        after-acquired property that is affixed or incorporated into the property
        covered by such Lien and (B) the proceeds thereof;

       

      (vii)  Liens
        securing any of the Debt described in Section 5.02(b)(i)(B) and Section
        5.02(b)(ii); and

       

      (viii)  other
        Liens securing Debt outstanding in an aggregate principal amount not to exceed
        $10,000,000; provided
        that no
        such Lien shall extend to or cover any Collateral.

       

      (b)  Debt.
        Create,
        incur, assume or suffer to exist, or permit any of its Subsidiaries to create,
        incur, assume or suffer to exist, any Debt, except:

       

      (i)  in
        the
        case of the Borrower,

       

      (A)  Debt
        in
        respect of Hedge Agreements designed to hedge against fluctuations in interest
        rates or commodity pricing, in each case incurred in the ordinary course
        of
        business and consistent with prudent business practice, and

       

      (B)  Debt
        owed
        to a direct or indirect wholly-owned Subsidiary of the Borrower, which Debt
        (x)
        shall constitute Pledged Debt, (y) shall be subordinated to any Debt of the
        Borrower under the Loan Documents on terms reasonably acceptable to the
        Administrative Agent and (z) if evidenced by promissory notes, shall be in
        form
        and substance satisfactory to the Administrative Agent and shall be pledged
        as
        security for the Obligations of the holder thereof under the Loan Documents
        to
        which such holder is a party and delivered to the Collateral Agent pursuant
        to
        the terms of the Pledge Agreement.

       

      (ii)  in
        the
        case of any Subsidiary of the Borrower, Debt owed to the Borrower or to a
        wholly
        owned Subsidiary of the Borrower, provided
        that, in
        each case, to the extent such Debt exceeds $10,000,000 in the aggregate,
        such
        Debt (x) shall constitute Pledged Debt, (y) shall be on terms acceptable
        to the
        Administrative Agent and (z) shall be evidenced by promissory notes in form
        and
        substance satisfactory to the Administrative Agent and such promissory notes
        shall be pledged as security for the Obligations of the holder thereof under
        the
        Loan Documents to which such holder is a party and delivered to the Collateral
        Agent pursuant to the terms of the Pledge Agreement; and

       

      (iii)  the
        Guaranties and, in the case of the Loan Parties and their
        Subsidiaries,

       

      
        
          
          

        

        
          66

          
            

          

        

        
          
          

        

      

      (A)  Debt
        under the Loan Documents;

       

      (B)  So
        long
        as no Default has occurred and is continuing, Debt secured by Liens permitted
        by
        Section 5.02(a)(iv) not to exceed in the aggregate $10,000,000 at any time
        outstanding; provided
        that to
        the extent any Debt is created, incurred or assumed in compliance with this
        clause (B) while no Default has occurred and is continuing, such Debt shall
        continue to be permitted under this clause (B) in the event that a Default
        has
        occurred and is continuing;

       

      (C)  Capitalized
        Leases (other than those permitted by clause (F) below) not to exceed in
        the
        aggregate $10,000,000 at any time outstanding, and in the case of Capitalized
        Leases to which any Subsidiary of a Loan Party is a party, Debt of the Loan
        Party of the type described in clause (j) of the definition of “Debt”
guaranteeing the Obligations of such Subsidiary under the Capitalized Leases
        permitted under this clause (C);

       

      (D)  Debt
        of
        any Person that becomes a Subsidiary of the Borrower after the date hereof
        in
        accordance with the terms of Section 5.02(f) which Debt does not exceed
        $10,000,000 in the aggregate and is existing at the time such Person becomes
        a
        Subsidiary of the Borrower;

       

      (E)  So
        long
        as no Default has occurred and is continuing, other unsecured Debt of the
        Borrower in an aggregate principal amount not to exceed $10,000,000 at any
        one
        time outstanding; provided
        that to
        the extent any Debt is created, incurred or assumed in compliance with this
        clause (E) while no Default has occurred and is continuing, such Debt shall
        continue to be permitted under this clause (E) in the event that a Default
        has
        occurred and is continuing;

       

      (F)  the
        Surviving Debt, and any Debt extending the maturity of, or refunding or
        refinancing, in whole or in part, any Surviving Debt; provided
        that the
        terms of any such extending, refunding or refinancing Debt, and of any agreement
        entered into and of any instrument issued in connection therewith, are otherwise
        permitted by the Loan Documents and provided
        further
        that the
        principal amount of such Surviving Debt shall not be increased above the
        principal amount thereof outstanding immediately prior to such extension,
        refunding or refinancing, and the direct and contingent obligors therefor
        shall
        not be changed, as a result of or in connection with such extension, refunding
        or refinancing;

       

      (G)  Contingent
        obligations of the Loan Parties or any of their Subsidiaries in an amount
        not to
        exceed $10,000,000; provided
        that
        such contingent obligations are unsecured;

       

      (H)  Endorsement
        of negotiable instruments for deposit or collection or similar transactions
        in
        the ordinary course of business;

       

      (I)  Debt
        in
        respect of letters of credit in an aggregate amount not to exceed $2,000,000
        at
        any time outstanding;

       

      
        
          
          

        

        
          67

          
            

          

        

        
          
          

        

      

      (J)  Debt
        in
        respect of indemnification obligations in connection with bonds and letters
        of
        credit related to self insurance and insurance programs and policies of the
        Loan
        Parties and their respective Subsidiaries; and

       

      (K)  Obligations
        in respect of the Borrower’s Non-Qualified Deferred Compensation Plan to the
        extent of assets of such plan are on the Borrower’s balance sheet.

       

      (c)  Change
        in Nature of Business.
        Make,
        or permit any of its Subsidiaries to make, any material change in the nature
        of
        its business as carried on at the date hereof.

       

      (d)  Mergers,
        Etc.
        Merge
        into or consolidate with any Person or permit any Person to merge into it,
        or
        permit any of its Subsidiaries to do so, except that:

       

      (i)  any
        Subsidiary of the Borrower may merge into or consolidate with the Borrower
        or
        any other Subsidiary of the Borrower, provided
        that, in
        the case of any merger or consolidation with another Subsidiary, the Person
        formed by such merger or consolidation shall be a direct or indirect wholly
        owned Subsidiary of the Borrower, provided
        further
        that, in
        the case of any such merger or consolidation to which a Guarantor is a party,
        the Person formed by such merger or consolidation shall be a Guarantor;

       

      (ii)  in
        connection with any acquisition permitted under Section 5.02(f), any Subsidiary
        of the Borrower may merge into or consolidate with any other Person or permit
        any other Person to merge into or consolidate with it; provided
        that the
        Person surviving such merger shall be a wholly owned Subsidiary of the Borrower
        and the provisions of Section 5.01(j) shall have been complied with;
        and

       

      (iii)  in
        connection with any sale or other disposition (which takes the form of a
        merger
        rather than a sale of stock or assets) permitted under Section 5.02(e)(ii),
        any
        Subsidiary of the Borrower may merge into or consolidate with any other Person
        or permit any other Person to merge into or consolidate with it;

       

      provided,
        however,
        that in
        the case of any such merger to which the Borrower is a party, the Borrower
        is
        the surviving corporation.

       

      (e)  Sales,
        Etc., of Assets.
        Sell,
        lease, transfer or otherwise dispose of (including by any sale and leaseback
        transaction), or permit any of its Subsidiaries to sell, lease, transfer
        or
        otherwise dispose of (including by any sale and leaseback transaction), any
        assets, or grant any option or other right to purchase, lease or otherwise
        acquire, or permit any of its Subsidiaries to grant any option or other right
        to
        purchase, lease or otherwise acquire any assets, except:

       

      (i)  sales
        of
        Inventory in the ordinary course of its business and the granting of any
        option
        or other right to purchase, lease or otherwise acquire Inventory in the ordinary
        course of its business;

       

      (ii)  sale,
        liquidation, or other disposition of assets under the Company’s Non-Qualified
        Deferred Compensation Plan when made for the purpose of distribution to
        participants,

       

      
        
          
          

        

        
          68

          
            

          

        

        
          
          

        

      

      (iii)  in
        a
        transaction authorized by Section 5.02(d) (other than subsection (iii)
        thereof);

       

      (iv)  sales,
        transfers or other dispositions of assets among the Borrower and
        Guarantors;

       

      (v)  the
        sale
        of any asset by the Borrower or any of its Subsidiaries (other than a bulk
        sale
        of Inventory) so long as (A) no Default shall occur and be continuing,
        (B) the purchase price paid to the Borrower or such Subsidiary for such
        asset shall be no less than the fair market value of such asset at the time
        of
        such sale, (C) the purchase price for such asset shall be paid to the
        Borrower or such Subsidiary in 100% cash and (D) the aggregate fair market
        value of such asset and all other assets sold by the Borrower and its
        Subsidiaries, and the aggregate purchase price paid to the Borrower and all
        of
        its Subsidiaries for such asset and all other assets sold by the Borrower
        and
        its Subsidiaries, in each case during the same Fiscal Year pursuant to this
        clause (iv), shall not exceed $5,000,000;

       

      (vi)  so
        long
        as (A) no Event of Default shall have occurred and be continuing, (B)
        immediately after giving effect thereto the Consolidated Total Leverage Ratio
        shall not exceed 3.75:1 and the Borrower and its subsidiaries shall be otherwise
        in compliance with all Section 5.04 and (C) the purchase or offering price
        paid
        to the Borrower and its Subsidiaries shall be no less than the fair market
        value
        thereof, the Borrower and its Subsidiaries may consummate the sale of assets
        or
        capital stock (including through a spin-off) and/or initial public offering
        of
        all or any portion of the capital stock of Logan’s (any such sale or public
        offering, a “Permitted
        Disposition”)
        (and
        in connection therewith the Guaranty made be Logan’s shall be
        released);

       

      (vii)  so
        long
        as no Event of Default shall have occurred and be continuing and the Borrower
        and its Subsidiaries shall be in pro
        forma
        compliance with Section 5.04 and shall receive cash therefor:

       

      (A)  
        Cracker
        Barrel may, subject to the proviso below, sell, lease, transfer or otherwise
        dispose of real property with a fair market value in an aggregate amount
        not to
        exceed $150,000,000, so long as the aggregate fair market value of the real
        property sold in each Fiscal Year is less than $50,000,000;

       

      (B)  
        Cracker
        Barrel may also sell, lease, transfer or otherwise dispose of other real
        property with a fair market value in an aggregate amount not to exceed
        $100,000,000;

       

      (C)  
        Logan’s
        may, subject to the proviso below, sell, lease, transfer or otherwise dispose
        of
        real property in an aggregate fair market value of less than $5,000,000 in
        any
        Fiscal Year; and

       

      (D)  Logan’s
        may also sell, lease, transfer or otherwise dispose of other real property,
        provided
        that if
        the fair market value of any real property of Logan’s being sold, leased,
        transferred or otherwise disposed of pursuant to this clause (D), when
        aggregated with the fair market value of other real property sold, leased,
        transferred or otherwise disposed of by Logan’s pursuant to this clause (D) in
        the then-current Fiscal Year, shall exceed $5,000,000, and the Consolidated
        Total Leverage Ratio after giving effect thereto shall exceed 3.75:1, the
        proceeds of such sale, lease, transfer or disposition shall be subject to
        the
        mandatory prepayment provisions set forth in Section 2.06(b)(ii);

       

      
        
          
          

        

        
          69

          
            

          

        

        
          
          

        

      

      provided
        that in
        the case of any sale, lease, transfer or other disposition of assets pursuant
        to
        clauses (v), (vii)(A) or (vii)(C) above or the proviso to clause (vii)(D)
        above, the applicable Loan Party shall, on the date of receipt by such Loan
        Party or any of its Subsidiaries of the Net Cash Proceeds from such sale,
        prepay
        the Advances pursuant to, and in the amount and order of priority set forth
        in,
        Section 2.06(b)(ii), as specified therein.

       

      (f)  Investments
        in Other Persons.
        Make or
        hold, or permit any of its Subsidiaries to make or hold, any Investment in
        any
        Person, except:

       

      (i)  (A)
        equity Investments by the Borrower and its Subsidiaries in their Subsidiaries
        outstanding on the date hereof and (B) additional equity Investments in Loan
        Parties;

       

      (ii)  loans
        and
        advances to employees in the ordinary course of the business of the Loan
        Parties
        and their Subsidiaries as presently conducted in compliance with all applicable
        laws (including the Sarbanes-Oxley Act of 2002, as amended) an aggregate
        principal amount not to exceed $2,000,000 at any time outstanding;

       

      (iii)  Investments
        by the Loan Parties and their Subsidiaries in Cash Equivalents;

       

      (iv)  Investments
        existing on the date hereof and described on Schedule 4.01(z)
        hereto;

       

      (v)  Investments
        by the Borrower in Hedge Agreements permitted under
        Section 5.02(b)(i);

       

      (vi)  Investments
        consisting of inter-company Debt permitted under
        Section 5.02(b);

       

      (vii)  the
        purchase or other acquisition of all of the Equity Interests in any Person
        that,
        upon the consummation thereof, will be wholly owned directly by one or more
        Loan
        Parties (including, without limitation, as a result of a merger or
        consolidation) and the purchase or other acquisition by one or more Loan
        Parties
        of all or substantially all of the property and assets of any Person;
provided
        that,
        with respect to each purchase or other acquisition made pursuant to this
        clause
        (vii), such purchase or other acquisition shall be at all times negotiated
        without the objection of the Board of Directors of the entity to be acquired;
        and provided
        further
        that:

       

      (A)  the
        Loan
        Parties and any such newly created or acquired Subsidiary shall comply with
        the
        requirements of Section 5.01(j);

       

      (B)  the
        lines
        of business of the Person to be (or the property and assets of which are
        to be)
        so purchased or otherwise acquired shall be substantially the same lines
        of
        business as one or more of the principal businesses of the Borrower and its
        Subsidiaries in the ordinary course;

       

      
        
          
          

        

        
          70

          
            

          

        

        
          
          

        

      

      (C)  such
        purchase or other acquisition shall not include or result in any contingent
        liabilities that could reasonably be expected to be material to the business,
        financial condition, operations or prospects of the Borrower and its
        Subsidiaries, taken as a whole (as determined in good faith by the board
        of
        directors (or the persons performing similar functions) of the Borrower,
        if the
        board of directors is otherwise approving such transaction, or, in each other
        case, by the chief executive or financial officer of the Borrower);

       

      (D)  the
        total
        cash and noncash consideration (including, without limitation, the fair market
        value of all Equity Interests issued or transferred to the sellers of such
        Person or assets, all indemnities, earnouts and other contingent payment
        obligations to, and the aggregate amounts paid or to be paid under noncompete,
        consulting and other affiliated agreements with, the sellers of such Person
        or
        assets, all write-downs of property and assets and reserves for liabilities
        with
        respect thereto and all assumptions of debt, liabilities and other obligations
        in connection therewith) paid by or on behalf of the Borrower and its
        Subsidiaries for any such purchase or other acquisition, when aggregated
        with
        the total cash and noncash consideration paid by or on behalf of the Borrower
        and its Subsidiaries for all other purchases and other acquisitions made
        by the
        Borrower and its Subsidiaries pursuant to this clause (vii), shall not exceed
        $100,000,000;

       

      (E)  (1)
        immediately before and immediately after giving effect to any such purchase
        or
        other acquisition, no Default shall have occurred and be continuing and (2)
        immediately after giving effect to such purchase or other acquisition, the
        Borrower and its Subsidiaries shall be in pro forma compliance with all of
        the
        covenants set forth in Section 5.04, such compliance to be determined on
        the
        basis of audited financial statements of such Person or assets as though
        such
        purchase or other acquisition had been consummated as of the first day of
        the
        fiscal period covered thereby; and

       

      (F)  the
        Borrower shall have delivered to the Administrative Agent, on behalf of the
        Lender Parties, at least five Business Days prior to the date on which any
        such
        purchase or other acquisition is to be consummated, a certificate of a
        Responsible Officer, in form and substance reasonably satisfactory to the
        Administrative Agent, certifying that all of the requirements set forth in
        this
        clause (vii) have been satisfied or will be satisfied on or prior to the
        consummation of such purchase or other acquisition;

       

      (viii)  Investments
        by the Borrower and its Subsidiaries not otherwise permitted under this Section
        5.02(f) in an aggregate amount not to exceed $10,000,000; provided
        that
        immediately before and immediately after giving effect to any such Investment,
        no Default shall have occurred and be continuing; and

       

      (ix)  Investments
        that comprise the assets of the Non-Qualified Deferred Compensation
        Plan.

       

      (g)  Restricted
        Payments.
        Declare
        or pay any dividends, purchase, redeem, retire, defease or otherwise acquire
        for
        value any of its Equity Interests now or hereafter outstanding, return any
        capital to its stockholders, partners or members (or the equivalent Persons
        thereof) as such, make any distribution of assets, Equity Interests, obligations
        or securities to its stockholders, partners or members (or the equivalent
        Persons thereof) as such, or permit any of its Subsidiaries to do any of
        the
        foregoing, or permit any of its Subsidiaries to purchase, redeem, retire,
        defease or otherwise acquire for value any Equity Interests in the Borrower
        or
        to issue or sell any Equity Interests therein, except that so long as no
        Default
        shall have occurred and be continuing at the time of any action described
        below
        or would result therefrom:

       

      (i)  the
        Borrower may (A) declare and pay dividends and distributions payable only
        in common stock of the Borrower and (B) except to the extent the Net Cash
        Proceeds thereof are required to be applied to the prepayment of the Advances
        pursuant to Section 2.06(b), purchase, redeem, retire, defease or otherwise
        acquire shares of its capital stock with the proceeds received contemporaneously
        from the issue of new shares of its capital stock with equal or inferior
        voting
        powers, designations, preferences and rights;

       

      
        
          
          

        

        
          71

          
            

          

        

        
          
          

        

      

      (ii)  any
        Subsidiary of the Borrower may declare and pay dividends to the
        Borrower;

       

      (iii)  the
        Borrower may consummate the Repurchase and from time to time on and after
        the
        date of such Repurchase purchase additional shares of its outstanding common
        stock with the proceeds of the Term B-1 Advances that remain after consummation
        of the Repurchase and may pay fees, expenses and costs related to the Repurchase
        and such additional purchases;

       

      (iv)  the
        Borrower may repurchase or acquire the Convertible Notes with the proceeds
        of
        the Term B-2 Facility and/or cash on hand;

       

      (v)  so
        long
        as immediately after giving effect thereto at least $100,000,000 of the
        Revolving Credit Facility shall be available for the borrowing of Revolving
        Credit Advances, the Borrower may (A) declare and pay cash dividends to its
        stockholders if after giving effect thereto the aggregate amount of such
        dividends paid during any Fiscal Year would be less than 15% of Consolidated
        EBITDA from continuing operations of the Borrower for the Fiscal Year
        immediately preceding the Fiscal Year in which such dividend is paid, or
        (B) in
        any fiscal quarter increase its regular quarterly dividend by an amount not
        to
        exceed the greater of $.01 or 10% of the amount of the dividend paid in the
        prior fiscal quarter;

       

      (vi)  so
        long
        as immediately after giving effect thereto at least $100,000,000 of the
        Revolving Credit Facility shall be available for the borrowing of Revolving
        Credit Advances, the Borrower may purchase, redeem, retire or otherwise acquire
        shares of its own outstanding capital stock for cash in any Fiscal Year if
        after
        giving effect thereto the aggregate amount (net of any amounts received from
        the
        exercise of stock options or reduction in tax obligations) of such purchases,
        redemptions, retirements and acquisitions made in such Fiscal Year (other
        than
        the Repurchase) would be less than the amount set forth below:

       

      
        	
                 

                Fiscal
                  Year Ending

              	
                 

                Amount

              
	
                August
                  3, 2007

                 

              	
                $50,000,000

                 

              
	
                August
                  1, 2008

                 

              	
                $50,000,000

                 

              
	
                July
                  31, 2009 and each Fiscal Year thereafter

                 

              	
                $65,000,000

                 

              

      

       

      (vii)  the
        Borrower may issue (A) rights or options to acquire capital stock of the
        Borrower pursuant to employee stock purchase plans, director or employee
        option
        plans and other employee benefit plans and (B) common stock upon the exercise
        of
        options issued under, or pursuant to, employee stock purchase plans, director
        or
        employee option plans and other employee benefit plans;

       

      (viii)  the
        repurchase of the Borrower’s common stock using proceeds from the disposition of
        Logan’s made in accordance with all of the provisions of Section 5.02(e)(vii)
        (to the extent such proceeds are not subject to the proviso to Section
        5.02(e)(vii)); and

       

      
        
          
          

        

        
          72

          
            

          

        

        
          
          

        

      

      (ix)  (A)
        Rocking Chair, Inc. may issue Preferred Interests to the other Loan Parties,
        (B)
        the Loan Parties may award to or repurchase from employees of the Loan Parties
        the Preferred Interests issued by Rocking Chair, Inc. and (C) Rocking Chair,
        Inc. may pay dividends on its Preferred Interests in an annual amount not
        to
        exceed $250,000.

       

      (h)  Amendments
        of Constitutive Documents.
        Amend,
        or permit any of its Subsidiaries to amend, its certificate of incorporation,
        certificate of formation, operating agreement, bylaws or other constitutive,
        other than amendments that could not be reasonably expected to have a Material
        Adverse Effect or adversely affect the interests of the Lender
        Parties.

       

      (i)  Accounting
        Changes.
        Make or
        permit, or permit any of its Subsidiaries to make or permit, any change in
        (i) accounting policies or reporting practices except as permitted by GAAP
        or (ii) its Fiscal Year.

       

      (j)  Prepayments,
        Etc., of Debt.
        (i)
        Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled
        maturity thereof in any manner, or make any payment in violation of any
        subordination terms of, any Debt, except (A) the prepayment of the Advances
        in accordance with the terms of this Agreement and (B) regularly scheduled
        or required repayments or redemptions of Surviving Debt; (C) the conversion
        of
        subordinated debt into equity in accordance with its terms; (ii) amend, modify
        or change in any manner any term or condition of any Surviving Debt or
        subordinated debt, or permit any of its Subsidiaries to do any of the foregoing
        other than to prepay any Debt payable to the Borrower; or (iii) amend or
        modify any documents or instruments governing any Debt other than the Loan
        Documents, other than amendments that could not be reasonably expected to
        have a
        Material Adverse Effect or adversely affect the interests of the Lender
        Parties.

       

      (k)  Amendment,
        Etc., of Related Documents.
        Cancel
        or terminate any Related Document or consent to or accept any cancellation
        or
        termination thereof, amend, modify or change in any manner any term or condition
        of any Related Document or give any consent, waiver or approval thereunder,
        waive any default under or any breach of any term or condition of any Related
        Document, agree in any manner to any other amendment, modification or change
        of
        any term or condition of any Related Document or take any other action in
        connection with any Related Document that would impair the value of the interest
        or rights of any Loan Party thereunder or that would impair the rights or
        interests of any Agent or any Lender Party, or permit any of its Subsidiaries
        to
        do any of the foregoing.

       

      (l)  Negative
        Pledge.
        Enter
        into or suffer to exist, or permit any of its Subsidiaries to enter into
        or
        suffer to exist, any agreement prohibiting or conditioning the creation or
        assumption of any Lien upon any of its property or assets except (i) in
        favor of the Secured Parties or (ii) in connection with (A) any
        Surviving Debt; (B) any Debt permitted by Section 5.02(b)(iii)(B) solely to
        the extent that the agreement or instrument governing such Debt prohibits
        a Lien
        on the property acquired with the proceeds of such Debt or (C) any
        Capitalized Lease permitted by Section 5.02(b)(iii)(C) solely to the extent
        that such Capitalized Lease prohibits a Lien on the property subject
        thereto.

       

      (m)  Partnerships,
        Etc.
        Become
        a general partner in any general or limited partnership or joint venture
        with
        any Person other than a Loan Party or one of its Subsidiaries, or permit
        any of
        its Subsidiaries to do so with the exception of those partnerships or joint
        ventures existing on the date of this Agreement.

       

      (n)  Speculative
        Transactions.
        Engage,
        or permit any of its Subsidiaries to engage, in any transaction involving
        commodity options or futures contracts or any similar speculative transactions
        with the exception of the Hedge Agreements permitted under Section 5.02(b)(i)(A)
        this Agreement.

       

      
        
          
          

        

        
          73

          
            

          

        

        
          
          

        

      

      (o)  Payment
        Restrictions Affecting Subsidiaries.
        Directly or indirectly, enter into or suffer to exist, or permit any of its
        Subsidiaries to enter into or suffer to exist, any agreement or arrangement
        limiting the ability of any of its Subsidiaries to declare or pay dividends
        or
        other distributions in respect of its Equity Interests or repay or prepay
        any
        Debt owed to, make loans or advances to, or otherwise transfer assets to
        or
        invest in, the Borrower or any Subsidiary of the Borrower (whether through
        a
        covenant restricting dividends, loans, asset transfers or investments, a
        financial covenant or otherwise), except (i) the Loan Documents, (ii) any
        agreement or instrument evidencing Surviving Debt, in each case as in effect
        on
        the date hereof, and (iii) any agreement in effect at the time such Subsidiary
        becomes a Subsidiary of the Borrower, so long as such agreement was not entered
        into solely in contemplation of such Person becoming a Subsidiary of the
        Borrower.

       

      (p)  Transactions
        with Affiliates.
        With
        the exception of inter-company transactions among the Loan Parties, conduct,
        and
        permit any of its Subsidiaries to conduct, any transaction with any of their
        Affiliates on terms that are either not fair and reasonable or less favorable
        to
        the a Loan Party or such Subsidiary than it would obtain in a comparable
        arm’s-length transaction with a Person not an Affiliate.

       

      (q)  Capital
        Expenditures.
        Make,
        or permit any of its Subsidiaries to make, any Capital Expenditures that
        would
        cause the aggregate of all such Capital Expenditures made by the Loan Parties
        and their Subsidiaries in any Fiscal Year set forth below to exceed the
        percentage set forth below of the Consolidated EBITDA for the immediately
        preceding Fiscal Year:

       

      
        	
                 

                Fiscal
                  Year Ending In

              	
                 

                Percentage
                  of Consolidated EBITDA

              
	
                July
                  28, 2006 through August 3, 2007

                 

              	
                65%

                 

              
	
                August
                  1, 2008 and thereafter

                 

              	
                60%

                 

              

      

      

       

      ;
        provided,
        however,
        that
        (i) if, for any Fiscal Year, the amount of Capital Expenditures allowed above
        for such Fiscal Year exceeds the aggregate amount of Capital Expenditures
        made
        by the Borrower and its Subsidiaries during such Fiscal Year, the Borrower
        and
        its Subsidiaries shall be entitled to make additional Capital Expenditures
        in
        the immediately succeeding Fiscal Year in an amount (such amount being referred
        to herein as the “Capex
        Carryover”)
        equal
        to the lesser amount of (x) the Capex Carryover and (y) 15% of such amount
        of
        Capital Expenditures allowed above for such Fiscal Year and (ii) in determining
        whether any amount is available for carryover, the amount expended in any
        Fiscal
        Year shall first be deemed to be from the Capex Carryover amount from the
        prior
        Fiscal Year that has been allocated to such current Fiscal Year; provided,
        further,
        that
        notwithstanding the foregoing limitations contained in this Section 5.02,
        the
        Borrower and its Subsidiaries shall be permitted to make Capital Expenditures
        in
        respect of “land banking” in an aggregate amount not to exceed $15,000,000.

       

      SECTION
        5.03.   Reporting
        Requirements.
         So long as any Advance or any other Obligation of any Loan Party under any
        Loan Document shall remain unpaid, any Letter of Credit shall be outstanding
        or
        any Lender Party shall have any Commitment hereunder, the Borrower will furnish
        to the Agents and the Lender Parties:

       

      (a)  Default
        Notice.
        As soon
        as possible and in any event within two Business Days after the occurrence
        of
        each Default or any event, development or occurrence reasonably likely to
        have a
        Material Adverse Effect continuing on the date of such statement, a statement
        of
        the Chief Financial Officer of the Borrower setting forth details of such
        Default, or such event, development or occurrence, and the action that the
        Borrower has taken and proposes to take with respect thereto.

       

      
        
          
          

        

        
          74

          
            

          

        

        
          
          

        

      

      (b)  Annual
        Financials.
        As soon
        as available and in any event within 90 days after the end of each Fiscal
        Year,
        a copy of the annual audit report for such year for the Borrower and its
        Subsidiaries, including therein consolidated balance sheets of the Borrower
        and
        its Subsidiaries as of the end of such Fiscal Year and consolidated statements
        of income and a consolidated statement of cash flows of the Borrower and
        its
        Subsidiaries for such Fiscal Year, in each case accompanied by an opinion
        acceptable to the Administrative Agent of Deloitte & Touche LLP or
        such
        other independent registered public accountants of recognized standing
        acceptable to the Administrative Agent , together with (i) a certificate
        of such
        accounting firm to the Lender Parties stating that in the course of the regular
        audit of the business of the Borrower and its Subsidiaries, which audit was
        conducted by such accounting firm in accordance with generally accepted auditing
        standards, such accounting firm has obtained no knowledge that a Default
        of a
        financial nature under Section 5.02(a), 5.02(b), 5.02(f), 5.02(q) or 5.04
        has
        occurred and is continuing, or if, in the opinion of such accounting firm,
        a
        Default of a financial nature under Section 5.02(a), 5.02(b), 5.02(f), 5.02(q)
        or 5.04 has occurred and is continuing, a statement as to the nature thereof
        and
        (ii) a certificate of the chief financial officer of the Borrower (A)
        setting forth in reasonably detail the compliance with the negative covenants
        contained in Section 5.02 (including provisions with respect to dispositions
        and
        acquisitions of assets) and stating that no Default has occurred and is
        continuing or, if a Default has occurred and is continuing, a statement as
        to
        the nature thereof and the action that the Borrower has taken and proposes
        to
        take with respect thereto and (B) that includes or to which is attached a
        schedule in form satisfactory to the Administrative Agent of the computations
        used by the Borrower in determining compliance with the covenants contained
        in
        Section 5.02(q) and Section 5.04, provided
        that in
        the event of any change in GAAP used in the preparation of such financial
        statements, the Borrower shall also provide, if necessary for the determination
        of compliance with Section 5.02(q) and Section 5.04, a statement of
        reconciliation conforming such financial statements to GAAP.

       

      (c)  Quarterly
        Financials.
        As soon
        as available and in any event within 45 days after the end of each of the
        first
        three fiscal quarters of each Fiscal Year, consolidated balance sheets of
        the
        Borrower and its Subsidiaries as of the end of such fiscal quarter and
        consolidated statements of income and a consolidated statement of cash flows
        of
        the Borrower and its Subsidiaries for the period commencing at the end of
        the
        previous fiscal quarter and ending with the end of such fiscal quarter and
        consolidated statements of income and a consolidated statement of cash flows
        of
        the Borrower and its Subsidiaries for the period commencing at the end of
        the
        previous Fiscal Year and ending with the end of such quarter, setting forth
        in
        each case in comparative form the corresponding figures for the corresponding
        date or period of the preceding Fiscal Year, all in reasonable detail and
        duly
        certified (subject to normal year-end audit adjustments) by the chief financial
        officer of the Borrower as having been prepared in accordance with GAAP,
        together with a certificate of said officer (A) setting forth in reasonably
        detail the compliance with the negative covenants contained in Section 5.02
        (including provisions with respect to dispositions and acquisitions of assets)
        and stating that no Default has occurred and is continuing or, if a Default
        has
        occurred and is continuing, a statement as to the nature thereof and the
        action
        that the Borrower has taken and proposes to take with respect thereto and
        (B)
        that includes or to which is attached a schedule in form satisfactory to
        the
        Administrative Agent of the computations used by the Borrower in determining
        compliance with the covenants contained in Section 5.04, provided
        that in
        the event of any change in GAAP used in the preparation of such financial
        statements, the Borrower shall also provide, if necessary for the determination
        of compliance with Section 5.04, a statement of reconciliation conforming
        such
        financial statements to GAAP.

      
        
          
          

        

        
          75

          
            

          

        

        
          
          

        

      

       

      (d)  Annual
        Forecasts.
        As soon
        as available and in any event no later than 90 days after the end of each
        Fiscal
        Year, forecasts prepared by management of the Borrower, in form satisfactory
        to
        the Administrative Agent, of balance sheets, income statements and cash flow
        statements on a quarterly basis for the Fiscal Year following such Fiscal
        Year
        and on an annual basis for each Fiscal Year thereafter until the Termination
        Date in respect of the Facilities.

       

      (e)  Litigation.
        Promptly after the commencement thereof, notice of all actions, suits,
        investigations, litigation and proceedings before any Governmental Authority
        affecting any Loan Party or any of its Subsidiaries of the type described
        in
        Section 4.01(f), and promptly after the occurrence thereof, notice of any
        material adverse change in the status or the financial effect on any Loan
        Party
        or any of its Subsidiaries of the Disclosed Litigation from that described
        on
Schedule 4.01(f)
        hereto.
        For purposes of this subclause (e), any litigation, arbitration, or governmental
        investigation or proceeding which involves an uninsured damage claim of
        $2,000,000 or less need not be the subject of any such notice unless it is
        one
        of a series of claims arising out of the same set of facts or circumstances
        which, in the aggregate, exceed $10,000,000.

       

      (f)  Securities
        Reports.
        Promptly after the sending or filing thereof, copies of all proxy statements,
        financial statements and reports that any Loan Party or any of its Subsidiaries
        sends to its stockholders, and copies of all annual reports on Form 10-K
        and
        quarterly reports on Form 10-Q, and all registration statements, that any
        Loan
        Party or any of its Subsidiaries files with the Securities and Exchange
        Commission or any governmental authority that may be substituted therefor,
        or
        with any national securities exchange, in each case excluding the exhibits
        thereto unless requested by the Administrative Agent.

       

      (g)  Creditor
        Reports.
        Promptly after the furnishing thereof, copies of any statement or report
        furnished (i) to any holder of Debt securities of any Loan Party or of any
        of
        its Subsidiaries pursuant to the terms of any indenture, loan or credit or
        similar agreement or (ii) under or pursuant to any Related Document, and
        in each
        case not otherwise required to be furnished to the Lender Parties pursuant
        to
        any other clause of this Section 5.03.

       

      (h)  ERISA.
        (i) ERISA
        Events and ERISA Reports.
        (A)
        Promptly and in any event within 10 Business Days after any Loan Party or
        any
        ERISA Affiliate knows or has reason to know that any ERISA Event has occurred,
        a
        statement of the chief financial officer of the Borrower describing such
        ERISA
        Event and the action, if any, that such Loan Party or such ERISA Affiliate
        has
        taken and proposes to take with respect thereto and (B) on the date any records,
        documents or other information must be furnished to the PBGC with respect
        to any
        Plan pursuant to Section 4010 of ERISA, a copy of such records, documents
        and
        information.

       

      (ii)  Plan
        Terminations.
        Promptly and in any event within two Business Days after receipt thereof
        by any
        Loan Party or any ERISA Affiliate, copies of each notice from the PBGC stating
        its intention to terminate any Plan or to have a trustee appointed to administer
        any Plan.

       

      (iii)  Plan
        Annual Reports.
        Promptly upon the request of the Administrative Agent, copies of each Schedule
        B
        (Actuarial Information) to the annual report (Form 5500 Series) with respect
        to
        each Plan.

       

      (iv)  Multiemployer
        Plan Notices.
        Promptly and in any event within five Business Days after receipt thereof
        by any
        Loan Party or any ERISA Affiliate from the sponsor of a Multiemployer Plan,
        copies of each notice concerning (A) the imposition of Withdrawal Liability
        by
        any such Multiemployer Plan, (B) the reorganization or termination, within
        the
        meaning of Title IV of ERISA, of any such Multiemployer Plan or (C) the amount
        of liability incurred, or that may be incurred, by such Loan Party or any
        ERISA
        Affiliate in connection with any event described in clause (A) or
        (B);
        provided,
        however,
        that
        the notice under this clause (iv) is required to be given only if the event
        or
        circumstance identified in such notice, when aggregated with any other events
        or
        circumstances required to be reported under Section 5.03(h) could
        reasonably be expected to result in a Material Adverse Effect.

       

      
        
          
          

        

        
          76

          
            

          

        

        
          
          

        

      

      (i)  Environmental
        Conditions.
        Promptly after the assertion or occurrence thereof, notice of any Environmental
        Action against or of any noncompliance by any Loan Party or any of its
        Subsidiaries with any Environmental Law or Environmental Permit that could
        reasonably be expected to have a Material Adverse Effect 

       

      (j)  Insurance.
        As soon
        as available and in any event within 90 days after the end of each Fiscal
        Year,
        a report summarizing the insurance coverage (specifying type, amount and
        carrier) in effect for each Loan Party and its Subsidiaries and containing
        such
        additional information as any Agent, or any Lender Party (through the
        Administrative Agent) may reasonably specify.

       

      (k)  Other
        Information.
        Such
        other information respecting the business, condition (financial or otherwise),
        operations, performance, properties or prospects of any Loan Party or any
        of its
        Subsidiaries as any Agent, or any Lender Party through the Administrative
        Agent,
        may from time to time reasonably request.

       

      SECTION
        5.04.   Financial
        Covenants.
        So long
        as any Advance or any other Obligation of any Loan Party under any Loan Document
        shall remain unpaid, any Letter of Credit shall be outstanding or any Lender
        Party shall have any Commitment hereunder, the Borrower will:

       

      (a)  Consolidated
        Total Leverage Ratio.
        Maintain, as of the end of each Measurement Period ending during any period
        set
        forth in the table below, a Consolidated Total Leverage Ratio of not more
        than
        the ratio set forth opposite such period in the table below:

       

      
        	
                Period

              	
                Ratio

              
	
                Effective
                  Date through April 27, 2007

                 

              	
                4.50:1.00

                 

              
	
                April
                  28, 2007 through May 2, 2008

                 

              	
                4.25:1.00

                 

              
	
                May
                  3, 2008 through May 1, 2009

                 

              	
                4.00:1.00

                 

              
	
                May
                  2, 2009 and thereafter

                 

              	
                3.75:1.00

                 

              

      

      

      
         

      

      (b)  Consolidated
        Interest Coverage Ratio.
        Maintain, as of the end of each Measurement Period ending during any period
        set
        forth in the table below, a Consolidated Interest Coverage Ratio of not less
        than the ratio set forth opposite such period in the table below:

       

      
        	
                Period

              	
                Ratio

              
	
                Effective
                  Date through April 27, 2007

                 

              	
                3.00:1.00

                 

              
	
                April
                  28, 2007 through May 2, 2008

                 

              	
                3.25:1.00

                 

              
	
                May
                  3, 2008 through May 1, 2009

                 

              	
                3.50:1.00

                 

              
	
                May
                  2, 2009 through April 30, 2010

                 

              	
                3.75:1.00

                 

              
	
                April
                  31, 2010 and thereafter

                 

              	
                4.00:1.00

                 

              

      

      

       

      
        
          
          

        

        
          77

          
            

          

        

        
          
          

        

      

      ARTICLE
        VI

       

      EVENTS
        OF DEFAULT

       

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

       

      (a)  (i)
        the
        Borrower shall fail to pay any principal of any Advance when the same shall
        become due and payable or (ii) the Borrower shall fail to pay any interest
        on
        any Advance, or any Loan Party shall fail to make any other payment under
        any
        Loan Document, in each case under this clause (ii) within 3 Business Days
        after
        the same becomes due and payable; or

       

      (b)  any
        representation or warranty made by any Loan Party (or any of its officers)
        under
        or in connection with any Loan Document shall have been incorrect in any
        material respect when made; or

       

      (c)  the
        Borrower shall fail to perform any term, covenant or agreement contained
        in
        Section 2.14, 5.01(e) or (j), 5.02, 5.03 or 5.04; or

       

      (d)  any
        Loan
        Party shall fail to perform any other term, covenant or agreement contained
        in
        any Loan Document on its part to be performed or observed if such failure
        shall
        remain unremedied for 30 days after the earlier of the date on which (i) a
        Responsible Officer becomes aware of such failure or (ii) written notice
        thereof shall have been given to the Borrower by any Agent or any Lender
        Party;
        or

       

      (e)  any
        Loan
        Party or any of its Subsidiaries shall fail to pay any principal of, premium
        or
        interest on or any other amount payable in respect of any Debt of such Loan
        Party or such Subsidiary (as the case may be) that is outstanding in a principal
        amount (or, in the case of any Hedge Agreement, an Agreement Value) of at
        least
        $15,000,000 either individually or in the aggregate for all such Loan Parties
        and Subsidiaries (but excluding Debt outstanding hereunder), when the same
        becomes due and payable (whether by scheduled maturity, required prepayment,
        acceleration, demand or otherwise), and such failure shall continue after
        the
        applicable grace period, if any, specified in the agreement or instrument
        relating to such Debt; or any other event shall occur or condition shall
        exist
        under any agreement or instrument relating to any such Debt and shall continue
        after the applicable grace period, if any, specified in such agreement or
        instrument, if the effect of such event or condition is to accelerate, or
        to
        permit the acceleration of, the maturity of such Debt or otherwise to cause,
        or
        to permit the holder thereof to cause, such Debt to mature; or any such Debt
        shall be declared to be due and payable or required to be prepaid or redeemed
        (other than by a regularly scheduled required prepayment or redemption),
        purchased or defeased, or an offer to prepay, redeem, purchase or defease
        such
        Debt shall be required to be made, in each case prior to the stated maturity
        thereof; or

       

      
        
          
          

        

        
          78

          
            

          

        

        
          
          

        

      

       

      (f)  any
        Loan
        Party or any of its Subsidiaries shall generally not pay its debts as such
        debts
        become due, or shall admit in writing its inability to pay its debts generally,
        or shall make a general assignment for the benefit of creditors; or any
        proceeding shall be instituted by or against any Loan Party or any of its
        Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking
        liquidation, winding up, reorganization, arrangement, adjustment, protection,
        relief, or composition of it or its debts under any law relating to bankruptcy,
        insolvency or reorganization or relief of debtors, or seeking the entry of
        an
        order for relief or the appointment of a receiver, trustee or other similar
        official for it or for any substantial part of its property and, in the case
        of
        any such proceeding instituted against it (but not instituted by it) that
        is
        being diligently contested by it in good faith, either such proceeding shall
        remain undismissed or unstayed for a period of 30 days or any of the actions
        sought in such proceeding (including, without limitation, the entry of an
        order
        for relief against, or the appointment of a receiver, trustee, custodian
        or
        other similar official for, it or any substantial part of its property) shall
        occur; or any Loan Party or any of its Subsidiaries shall take any corporate
        action to authorize any of the actions set forth above in this
        subsection (f); or

       

      (g)  any
        judgments or orders, either individually or in the aggregate , for the payment
        of money in excess of $15,000,000 or otherwise material to the Borrower and
        its
        Subsidiaries, taken as a whole, shall be rendered against any Loan Party
        or any
        of its Subsidiaries and either (i) enforcement proceedings shall have been
        commenced by any creditor upon such judgment or order or (ii) there shall
        be any period of 30 consecutive days during which a stay of enforcement of
        such
        judgment or order, by reason of a pending appeal or otherwise, shall not
        be in
        effect provided, however, that any such judgment or court order shall not
        be an
        Event of Default under this Section 6.01(g) if and for so long as (i) the
        entire
        amount of such judgment or court order is covered by a valid and binding
        policy
        of insurance between the defendant and the insurer covering payment thereof
        and
        (ii) such insurer, which shall be rated at least “A” by A.M. Best Company, has
        been notified of, and has not disputed the claim made for payment of the
        amount
        of such judgment or order;; or

       

      (h)  any
        non-monetary judgment or order shall be rendered against any Loan Party or
        any
        of its Subsidiaries that could be reasonably likely to have a Material Adverse
        Effect, and there shall be any period of 30 consecutive days during which
        a stay
        of enforcement of such judgment or order, by reason of a pending appeal or
        otherwise, shall not be in effect; or

       

      (i)  any
        provision of any Loan Document after delivery thereof pursuant to
        Section 3.01 or 5.01(j) shall for any reason cease to be valid and binding
        on or enforceable against any Loan Party party to it, or any such Loan Party
        shall so state in writing; or

       

      (j)  any
        Collateral Document or financing statement after delivery thereof pursuant
        to
        Section 3.01 or 5.01(j) shall for any reason (other than pursuant to the
        terms thereof) cease to create a valid and perfected first priority lien
        on and
        security interest in the Collateral purported to be covered thereby (or any
        Loan
        Party shall so assert or shall take any action to discontinue or to assert
        the
        invalidity or unenforceability thereof) , other than in respect of any item
        or
        items of Collateral the fair market value of which, either individually or
        in
        the aggregate, does not exceed $10,000,000; or

       

      (k)  a
        Change
        of Control shall occur; or

       

      
             
  (l)  any
          ERISA
          Event shall have occurred with respect to a Plan and the sum (determined
          as of
          the date of occurrence of such ERISA Event) of the Insufficiency of such
          Plan
          and the Insufficiency of any and all other Plans with respect to which
          an ERISA
          Event shall have occurred and then exist (or the liability of the Loan
          Parties
          and the ERISA Affiliates related to such ERISA Event) exceeds $15,000,000;
          or

      

       

      (m)  any
        Loan
        Party or any ERISA Affiliate shall have been notified by the sponsor of a
        Multiemployer Plan that it has incurred Withdrawal Liability to such
        Multiemployer Plan in an amount that, when aggregated with all other amounts
        required to be paid to Multiemployer Plans by the Loan Parties and the ERISA
        Affiliates as Withdrawal Liability (determined as of the date of such
        notification), exceeds $15,000,000; or

       

      
        
          
          

        

        
          79

          
            

          

        

        
          
          

        

      

      (n)  any
        Loan
        Party or any ERISA Affiliate shall have been notified by the sponsor of a
        Multiemployer Plan that such Multiemployer Plan is in reorganization or is
        being
        terminated, within the meaning of Title IV of ERISA, and as a result of such
        reorganization or termination the aggregate annual contributions of the Loan
        Parties and the ERISA Affiliates to all Multiemployer Plans that are then
        in
        reorganization or being terminated have been or will be increased over the
        amounts contributed to such Multiemployer Plans for the plan years of such
        Multiemployer Plans immediately preceding the plan year in which such
        reorganization or termination occurs by an amount exceeding $15,000,000;
        

       

      then,
        and
        in any such event, the Administrative Agent (i) shall, at the written
        request of the Required Lenders, by notice to the Borrower, declare all or
        any
        portion of the Commitments of each Lender Party and the obligation of each
        Lender Party to make Advances (other than L/C Credit Extensions by the Issuing
        Bank or a Revolving Credit Lender pursuant to Section 2.03(c) and Swing
        Line Advances by a Swing-Line Lender pursuant to Section 2.02) and of each
        Issuing Bank to issue Letters of Credit to be terminated, whereupon the same
        shall forthwith terminate, and (ii) shall at the request, or may with the
        consent, of the Required Lenders, by notice to the Borrower, declare all
        or any
        portion of the Advances, all interest thereon and all other amounts payable
        under this Agreement and the other Loan Documents to be forthwith due and
        payable, whereupon all or such portion, as applicable, of the Advances, all
        such
        interest and all such amounts shall become and be forthwith due and payable,
        without presentment, demand, protest or further notice of any kind, all of
        which
        are hereby expressly waived by the Borrower; provided,
        however,
        that in
        the event of an actual or deemed entry of an order for relief with respect
        to
        the Borrower under the Federal Bankruptcy Code, (x) the Commitments of each
        Lender Party and the obligation of each Lender Party to make Advances (other
        than L/C Credit Extensions by the Issuing Bank or a Revolving Credit Lender
        pursuant to Section 2.03(c)) and of the Issuing Bank to issue Letters of
        Credit shall automatically be terminated and (y) the Advances, all such
        interest and all such amounts shall automatically become and be due and payable,
        without presentment, demand, protest or any notice of any kind, all of which
        are
        hereby expressly waived by the Borrower.

       

      SECTION
        6.02.   Actions
        in Respect of the Letters of Credit upon Default.
        If any
        Event of Default shall have occurred and be continuing, the Administrative
        Agent
        may, or shall at the request of the Required Lenders, irrespective of whether
        it
        is taking any of the actions described in Section 6.01 or otherwise, make
        demand
        upon the Borrower to, and forthwith upon such demand the Borrower will, pay
        to
        the Administrative Agent on behalf of the Lender Parties in same day funds
        at
        the Administrative Agent’s Office, for deposit in the L/C Collateral Account, an
        amount equal to the aggregate Available Amount of all Letters of Credit then
        outstanding; provided,
        however,
        that in
        the event of an actual or deemed entry of an order for relief with respect
        to
        the Borrower under the Federal Bankruptcy Code, the Borrower shall be obligated
        to pay to the Administrative Agent on behalf of the Lender Parties in same
        day
        funds at the Administrative Agent’s Office, for deposit in the L/C Collateral
        Account, an amount equal to the aggregate Available Amount of all Letters
        of
        Credit then outstanding, without presentment, demand, protest or any notice
        of
        any kind, all of which are hereby expressly waived by the Borrower. If at
        any
        time the Administrative Agent or the Administrative Agent determines that
        any
        funds held in the L/C Collateral Account are subject to any right or claim
        of
        any Person other than the Agents and the Lender Parties or that the total
        amount
        of such funds is less than the aggregate Available Amount of all Letters
        of
        Credit, the Borrower will, forthwith upon demand by the Administrative Agent,
        pay to the Administrative Agent, as additional funds to be deposited and
        held in
        the L/C Collateral Account, an amount equal to the excess of (a) such
        aggregate Available Amount over (b) the total amount of funds, if any, then
        held in the L/C Collateral Account that the Administrative Agent determines
        to
        be free and clear of any such right and claim. Upon the drawing of any Letter
        of
        Credit for which funds are on deposit in the L/C Collateral Account, such
        funds
        shall be applied to reimburse the Issuing Bank or Revolving Credit Lenders,
        as
        applicable, to the extent permitted by applicable law.

       

       

      
        
          
          

        

        
          80

          
            

          

        

        
          
          

        

      

       
        

      ARTICLE
        VII

       

      THE
        AGENTS

       

      SECTION
        7.01.   Authorization
        and Action.
        (a)
        Each Lender Party (in its capacities as a Lender, the Swing Line Bank (if
        applicable), the Issuing Bank (if applicable) and on behalf of itself and
        its
        Affiliates as potential Hedge Banks) hereby appoints and authorizes each
        Agent
        to take such action as agent on its behalf and to exercise such powers and
        discretion under this Agreement and the other Loan Documents as are delegated
        to
        such Agent by the terms hereof and thereof, together with such powers and
        discretion as are reasonably incidental thereto. As to any matters not expressly
        provided for by the Loan Documents (including, without limitation, enforcement
        or collection of the Obligations of the Loan Parties), no Agent shall be
        required to exercise any discretion or take any action, but shall be required
        to
        act or to refrain from acting (and shall be fully protected in so acting
        or
        refraining from acting) upon the instructions of the Required Lenders or
        such
        other Lenders required by Section 9.01, and such instructions shall be binding
        upon all Lender Parties, all Hedge Banks and all holders of Notes; provided,
        however,
        that,
        whether or not expressly provided for by this Agreement or the other Loan
        Documents, no Agent shall be required to take any action that exposes or
        such
        Agent reasonably believes may expose such Agent to personal liability or
        that is
        contrary to this Agreement or applicable law. The Administrative Agent may
        release the Liens on any assets permitted to be sold, leased, transferred
        or
        otherwise disposed of pursuant to the terms of this Agreement. 

       

      (b)  In
        furtherance of the foregoing, each Lender Party (in its capacities as a Lender,
        the Swing Line Bank (if applicable), the Issuing Bank (if applicable) and
        on
        behalf of itself and its Affiliates as potential Hedge Banks) hereby appoints
        and authorizes the Collateral Agent to act as the agent of such Lender Party
        for
        purposes of acquiring, holding and enforcing any and all Liens on Collateral
        granted by any of the Loan Parties to secure any of the Secured Obligations,
        together with such powers and discretion as are reasonably incidental thereto.
        In this connection, the Collateral Agent (and any Supplemental Collateral
        Agents
        appointed by the Collateral Agent pursuant to Section 7.01(c) for purposes
        of
        holding or enforcing any Lien on the Collateral (or any portion thereof)
        granted
        under the Collateral Documents, or for exercising any rights or remedies
        thereunder at the direction of the Collateral Agent) shall be entitled to
        the
        benefits of this Article VII (including, without limitation, Section 7.05)
        as
        though the Collateral Agent (and any such Supplemental Collateral Agents)
        were
        an “Agent” under the Loan Documents, as if set forth in full herein with respect
        thereto.

       

      (c)  Any
        Agent
        may execute any of its duties under this Agreement or any other Loan Document
        (including for purposes of holding or enforcing any Lien on the Collateral
        (or
        any portion thereof) granted under the Collateral Documents or of exercising
        any
        rights and remedies thereunder at the direction of the Collateral Agent)
        by or
        through agents, employees or attorneys-in-fact and shall be entitled to advice
        of counsel and other consultants or experts concerning all matters pertaining
        to
        such duties. The Collateral Agent may also from time to time, when the
        Collateral Agent deems it to be necessary or desirable, appoint one or more
        trustees, co-trustees, collateral co-agents, collateral subagents or
        attorneys-in-fact (each, a “Supplemental
        Collateral Agent”)
        with
        respect to all or any part of the Collateral; provided,
        however,
        that no
        such Supplemental Collateral Agent shall be authorized to take any action
        with
        respect to any Collateral unless and except to the extent expressly authorized
        in writing by the Collateral Agent. Should any instrument in writing from
        any
        Loan Party be required by any Supplemental Collateral Agent so appointed
        by the
        Collateral Agent to more fully or certainly vest in and confirm to such
        Supplemental Collateral Agent such rights, powers, privileges and duties,
        the
        Borrower shall, or shall cause such Loan Party to, execute, acknowledge and
        deliver any and all such instruments promptly upon request by the Collateral
        Agent. If any Supplemental Collateral Agent, or successor thereto, shall
        die,
        become incapable of acting, resign or be removed, all rights, powers, privileges
        and duties of such Supplemental Collateral Agent, to the extent permitted
        by
        law, shall automatically vest in and be exercised by the Collateral Agent
        until
        the appointment of a new Supplemental Collateral Agent. No Agent shall be
        responsible for the negligence or misconduct of any agent, attorney-in-fact
        or
        Supplemental Collateral Agent that it selects in accordance with the foregoing
        provisions of this Section 7.01(c) in the absence of such Agent’s gross
        negligence or willful misconduct.

       

      
        
          
          

        

        
          81

          
            

          

        

        
          
          

        

      

      SECTION
        7.02.   Agents’
        Reliance, Etc.
        Neither
        any Agent nor any of their respective directors, officers, agents or employees
        shall be liable for any action taken or omitted to be taken by it or them
        under
        or in connection with the Loan Documents, except for its or their own gross
        negligence or willful misconduct. Without limitation of the generality of
        the
        foregoing, each Agent: (a) may treat the payee of any Note as the holder
        thereof until, in the case of the Administrative Agent, the Administrative
        Agent
        receives and accepts an Assignment and Acceptance entered into by the Lender
        that is the payee of such Note, as assignor, and an Eligible Assignee, as
        assignee, or, in the case of any other Agent, such Agent has received notice
        from the Administrative Agent that it has received and accepted such Assignment
        and Acceptance, in each case as provided in Section 9.07; (b) may consult
        with legal counsel (including counsel for any Loan Party), independent public
        accountants and other experts selected by it with reasonable care and shall
        not
        be liable for any action taken or omitted to be taken in good faith by it
        in
        accordance with the advice of such counsel, accountants or experts;
        (c) makes no warranty or representation to any Lender Party and shall not
        be responsible to any Lender Party for any statements, warranties or
        representations (whether written or oral) made in or in connection with the
        Loan
        Documents; (d) shall not have any duty to ascertain or to inquire as to the
        performance, observance or satisfaction of any of the terms, covenants or
        conditions of any Loan Document on the part of any Loan Party or the existence
        at any time of any Default under the Loan Documents or to inspect the property
        (including the books and records) of any Loan Party and shall not be deemed
        to
        have notice or knowledge of a Default or Event of Default unless it receives
        a
        written notice from the Borrower expressly stating that a Default or Event
        of
        Default has occurred; (e) shall not be responsible to any Lender Party for
        the due execution, legality, validity, enforceability, genuineness, sufficiency
        or value of, or the perfection or priority of any lien or security interest
        created or purported to be created under or in connection with, any Loan
        Document or any other instrument or document furnished pursuant thereto;
        and
        (f) shall incur no liability under or in respect of any Loan Document by
        acting upon any notice, consent, certificate or other instrument or writing
        (which may be by telegram, telecopy or telex) believed by it to be genuine and
        signed or sent by the proper party or parties.

       

      SECTION
        7.03.   Wachovia
        and Affiliates.
        With
        respect to its Commitments, the Advances made by it and the Notes issued
        to it,
        if any, Wachovia shall have the same rights and powers under the Loan Documents
        as any other Lender Party and may exercise the same as though it were not
        an
        Agent; and the term “Lender Party” or “Lender Parties” shall, unless otherwise
        expressly indicated, include Wachovia in its individual capacity. Wachovia
        and
        its affiliates may accept deposits from, lend money to, act as trustee under
        indentures of, accept investment banking engagements from and generally engage
        in any kind of business with, any Loan Party, any of its Subsidiaries and
        any
        Person that may do business with or own securities of any Loan Party or any
        such
        Subsidiary, all as if Wachovia was not an Agent and without any duty to account
        therefor to the Lender Parties. No Agent shall have any duty to disclose
        any
        information obtained or received by it or any of its Affiliates relating
        to any
        Loan Party or any of its Subsidiaries to the extent such information was
        obtained or received in any capacity other than as such Agent.

       

          SECTION
        7.04.
  Lender
        Party Credit Decision.
        Each
        Lender Party acknowledges that it has, independently and without reliance
        upon
        any Agent or any other Lender Party and based on the financial statements
        referred to in Section 4.01 and such other documents and information as it
        has deemed appropriate, made its own credit analysis and decision to enter
        into
        this Agreement. Each Lender Party also acknowledges that it will, independently
        and without reliance upon any Agent or any other Lender Party and based on
        such
        documents and information as it shall deem appropriate at the time, continue
        to
        make its own credit decisions in taking or not taking action under this
        Agreement.

       

      
        
          
          

        

        
          82

          
            

          

        

        
          
          

        

      

      SECTION
        7.05.   Indemnification.
        (a)
        Each Lender Party severally agrees to indemnify each Agent (to the extent
        not
        promptly reimbursed by the Loan Parties ) from and against such Lender Party’s
        ratable share (determined as provided below) of any and all liabilities,
        obligations, losses, damages, penalties, actions, judgments, suits, costs,
        expenses or disbursements of any kind or nature whatsoever that may be imposed
        on, incurred by, or asserted against such Agent in any way relating to or
        arising out of the Loan Documents or any action taken or omitted by such
        Agent
        under the Loan Documents (collectively, the “Indemnified
        Costs”);
        provided,
        however,
        that no
        Lender Party shall be liable for any portion of such liabilities, obligations,
        losses, damages, penalties, actions, judgments, suits, costs, expenses or
        disbursements resulting from such Agent’s gross negligence or willful misconduct
        as found in a final, non-appealable judgment by a court of competent
        jurisdiction. Without limitation of the foregoing, each Lender Party agrees
        to
        reimburse each Agent promptly upon demand for its ratable share of any costs
        and
        expenses (including, without limitation, fees and expenses of counsel) payable
        by the Borrower under Section 9.04, to the extent that such Agent is not
        promptly reimbursed for such costs and expenses by the Borrower. In the case
        of
        any investigation, litigation or proceeding giving rise to any Indemnified
        Costs, this Section 7.05 applies whether any such investigation, litigation
        or proceeding is brought by any Lender Party or any other Person.

       

      (b)  Each
        Revolving Credit Lender severally agrees to indemnify the Issuing Bank (to
        the
        extent not promptly reimbursed by the Borrower) from and against such Revolving
        Credit Lender’s ratable share (determined as provided below) of any and all
        liabilities, obligations, losses, damages, penalties, actions, judgments,
        suits,
        costs, expenses or disbursements of any kind or nature whatsoever that may
        be
        imposed on, incurred by, or asserted against the Issuing Bank in any way
        relating to or arising out of the Loan Documents or any action taken or omitted
        by the Issuing Bank under the Loan Documents; provided,
        however,
        that no
        Lender Party shall be liable for any portion of such liabilities, obligations,
        losses, damages, penalties, actions, judgments, suits, costs, expenses or
        disbursements resulting from the Issuing Bank’s gross negligence or willful
        misconduct as found in a final, non-appealable judgment by a court of competent
        jurisdiction. Without limitation of the foregoing, each Revolving Credit
        Lender
        agrees to reimburse the Issuing Bank promptly upon demand for its ratable
        share
        of any costs and expenses (including, without limitation, fees and expenses
        of
        counsel) payable by the Borrower under Section 9.04, to the extent that the
        Issuing Bank is not promptly reimbursed for such costs and expenses by the
        Borrower.

       

      (c)  For
        purposes of this Section 7.05, the Lender Parties’ respective ratable
        shares of any amount shall be determined, at any time, according to the sum
        of
        (i) the aggregate principal amount of the Advances outstanding at such time
        and owing to the respective Lender Parties, (ii) their respective Pro Rata
        Shares of the aggregate Available Amount of all Letters of Credit outstanding
        at
        such time and (iii) the aggregate unused portions of their respective
        Revolving Credit Commitments and Term Commitments at such time; provided
        that the
        aggregate principal amount of Swing Line Advances owing to the Swing Line
        Bank
        and the aggregate principal amount of L/C Credit Extensions owing to the
        Issuing
        Bank shall be considered to be owed to the Revolving Credit Lenders ratably
        in
        accordance with their respective Revolving Credit Commitments. The failure
        of
        any Lender Party to reimburse any Agent or the Issuing Bank, as the case
        may be,
        promptly upon demand for its ratable share of any amount required to be paid
        by
        the Lender Parties to such Agent or the Issuing Bank, as the case may be,
        as
        provided herein shall not relieve any other Lender Party of its obligation
        hereunder to reimburse such Agent or the Issuing Bank, as the case may be,
        for
        its ratable share of such amount, but no Lender Party shall be responsible
        for
        the failure of any other Lender Party to reimburse such Agent or the Issuing
        Bank, as the case may be, for such other Lender Party’s ratable share of such
        amount. Without prejudice to the survival of any other agreement of any Lender
        Party hereunder, the agreement and obligations of each Lender Party contained
        in
        this Section 7.05 shall survive the payment in full of principal, interest
        and all other amounts payable hereunder and under the other Loan
        Documents.

       

      
        
          
          

        

        
          83

          
            

          

        

        
          
          

        

      

      SECTION
        7.06.   Successor
        Agents. 
        Any Agent may resign at any time by giving written notice thereof to the
        Lender
        Parties and the Borrower. Upon any such resignation, the Required Lenders
        shall
        have the right to appoint a successor Agent. If no successor Agent shall
        have
        been so appointed by the Required Lenders, and shall have accepted such
        appointment, within 30 days after the retiring Agent’s giving of notice of
        resignation, then the retiring Agent may, on behalf of the Lender Parties,
        appoint a successor Agent, which shall be a commercial bank organized under
        the
        laws of the United States or of any State thereof and having a combined capital
        and surplus of at least $250,000,000. Upon the acceptance of any appointment
        as
        Agent hereunder by a successor Agent and, in the case of a successor Collateral
        Agent, upon the execution and filing or recording of such financing statements,
        or amendments thereto, and such amendments or supplements to such other
        instruments or notices, as the Required Lenders reasonably determine to be
        necessary, or as the Required Lenders may reasonably request, in order to
        continue the perfection of the Liens granted or purported to be granted by
        the
        Collateral Documents, such successor Agent shall succeed to and become vested
        with all the rights, powers, discretion, privileges and duties of the retiring
        Agent, and the retiring Agent shall be discharged from its duties and
        obligations under the Loan Documents. If within 45 days after written notice
        is
        given of the retiring Agent’s resignation under this Section 7.06 no successor
        Agent shall have been appointed and shall have accepted such appointment,
        then
        on such 45th
        day
        (a) the retiring Agent’s resignation shall become effective, (b) the
        retiring Agent shall thereupon be discharged from its duties and obligations
        under the Loan Documents and (c) the Required Lenders shall thereafter
        perform all duties of the retiring Agent under the Loan Documents until such
        time, if any, as the Required Lenders appoint a successor Agent as provided
        above. After any retiring Agent’s resignation hereunder as Agent shall have
        become effective, the provisions of this Article VII shall inure to its
        benefit as to any actions taken or omitted to be taken by it while it was
        Agent
        under this Agreement.

       

      SECTION
        7.07.   Administrative
        Agent May File Proofs of Claim.
        In case
        of the pendency of any receivership, insolvency, liquidation, bankruptcy,
        reorganization, arrangement, adjustment, composition or other judicial
        proceeding relative to any Loan Party, the Administrative Agent (irrespective
        of
        whether the principal of any Advance or Letter of Credit shall then be due
        and
        payable as herein expressed or by declaration or otherwise and irrespective
        of
        whether the Administrative Agent shall have made any demand on any Borrower)
        shall be entitled and empowered, by intervention in such proceeding or
        otherwise:

       

      (a)  to
        file
        and prove a claim for the whole amount of the principal and interest owing
        and
        unpaid in respect of the Advances, Letter of Credit Agreements and all other
        Obligations that are owing and unpaid and to file such other documents as
        may be
        necessary or advisable in order to have the claims of the Lender Parties
        and the
        Administrative Agent (including any claim for the reasonable compensation,
        expenses, disbursements and advances of the Lender Parties and the
        Administrative Agent and their respective agents and counsel and all other
        amounts due the Lender Parties and the Administrative Agent under Sections
        2.07,
        2.08(b) and 9.04) allowed in such judicial proceeding; and

       

      (b)  to
        collect and receive any monies or other property payable or deliverable on
        any
        such claims and to distribute the same;

       

      and
        any
        custodian, receiver, assignee, trustee, liquidator, sequestrator or other
        similar official in any such judicial proceeding is hereby authorized by
        each
        Lender Party to make such payments to the Administrative Agent and, in the
        event
        that the Administrative Agent shall consent to the making of such payments
        directly to the Lender Parties, to pay to the Administrative Agent any amount
        due for the reasonable compensation, expenses, disbursements and advances
        of the
        Administrative Agent and its agents and counsel, and any other amounts due
        the
        Administrative Agent under Sections 2.08 and 9.04.

       

      
        
          
          

        

        
          84

          
            

          

        

        
          
          

        

      

      Nothing
        contained herein shall be deemed to authorize the Administrative Agent to
        authorize or consent to or accept or adopt on behalf of any Lender Party
        any
        plan of reorganization, arrangement, adjustment or composition affecting
        the
        Obligations or the rights of any Lender Party or to authorize the Administrative
        Agent to vote in respect of the claim of any Lender Party in any such
        proceeding.

       

      SECTION
        7.08.   Collateral
        and Guaranty Matters.
        The
        Lender Parties (on behalf of themselves and any affiliated Secured Hedge
        Banks)
        and the Secured Hedge Banks irrevocably authorize the Administrative Agent,
        at
        its option and in its discretion, in connection with a sale of assets or
        Equity
        Interests of a Subsidiary of the Borrower permitted under the Loan
        Documents:

       

      (a)  to
        release any Lien on any property granted to or held by the Collateral Agent
        (and/or the Lender Parties and the Secured Hedge Banks, as the case may be)
        under any Loan Document or Secured Hedge Agreement; and

       

      (b)  to
        release any Guarantor from its obligations under the Guaranty if such Person
        ceases to be a Subsidiary as a result of a transaction permitted
        hereunder.

       

      Upon
        request by the Administrative Agent at any time, the Required Lenders will
        confirm in writing the Administrative Agent’s authority to release or
        subordinate its interest in particular types or items of property, or to
        release
        any Guarantor from its obligations under the Guaranty in either case pursuant
        to
        this Section 7.08.

       

      SECTION
        7.09.   Other
        Agents; Arrangers and Managers.
        None of
        the Lender Parties or other Persons identified on the facing page or signature
        pages of this Agreement as a “syndication agent,” “documentation agent,”
“bookrunner manager,” “bookrunner,” “lead arranger,” “co-arranger” or “arranger”
shall have any right, power, obligation, liability, responsibility or duty
        under
        this Agreement other than to the extent expressly set forth herein and, in
        the
        case of such Lenders, those applicable to all Lender Parties as such. Without
        limiting the foregoing, none of the Lender Parties or other Persons so
        identified shall have or be deemed to have any fiduciary relationship with
        any
        Lender. Each Lender Party acknowledges that it has not relied, and will not
        rely, on any of the Lender Parties or other Persons so identified in deciding
        to
        enter into this Agreement or in taking or not taking action
        hereunder.

       

      ARTICLE
        VIII

       

      GUARANTY

       

          SECTION
        8.01.
  Guaranty;
        Limitation of Liability.   (a)
        Each Guarantor except when and as released upon the occurrence of a Permitted
        Disposition, jointly and severally, hereby absolutely, unconditionally and
        irrevocably guarantees the punctual payment when due, whether at scheduled
        maturity or on any date of a required prepayment or by acceleration, demand
        or
        otherwise, of all Obligations of each other Loan Party now or hereafter existing
        under or in respect of the Loan Documents and the Secured Hedge Agreements
        (including, without limitation, any extensions, modifications, substitutions,
        amendments or renewals of any or all of the foregoing Obligations), whether
        direct or indirect, absolute or contingent, and whether for principal,
        reimbursement obligations, interest (including Post Petition Interest),
        premiums, fees, indemnities, contract causes of action, costs, expenses or
        otherwise (such Obligations being the “Guaranteed
        Obligations”),
        and
        agrees to pay any and all expenses (including, without limitation, fees and
        expenses of counsel) incurred by the Administrative Agent or any other Secured
        Party in enforcing any rights under this Guaranty or any other Loan Document
        or
        any Secured Hedge Agreement. Without limiting the generality of the foregoing,
        each Guarantor’s liability shall extend to all amounts that constitute part of
        the Guaranteed Obligations and would be owed by any other Loan Party to any
        Secured Party under or in respect of the Loan Documents or the Secured Hedge
        Agreements but for the fact that they are unenforceable or not allowable
        due to
        the existence of a bankruptcy, reorganization or similar proceeding involving
        such other Loan Party.

       

      
        
          
          

        

        
          85

          
            

          

        

        
          
          

        

      

      (b)  Each
        Guarantor, and by its acceptance of this Guaranty, the Administrative Agent
        and
        each other Secured Party, hereby confirms that it is the intention of all
        such
        Persons that this Guaranty and the Obligations of each Guarantor hereunder
        not
        constitute a fraudulent transfer or conveyance for purposes of Bankruptcy
        Law,
        the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act
        or
        any similar foreign, federal or state law to the extent applicable to this
        Guaranty and the Obligations of each Guarantor hereunder. To effectuate the
        foregoing intention, the Administrative Agent, the other Secured Parties
        and the
        Guarantors hereby irrevocably agree that the Obligations of each Guarantor
        under
        this Guaranty at any time shall be limited to the maximum amount as will
        result
        in the Obligations of such Guarantor under this Guaranty not constituting
        a
        fraudulent transfer or conveyance (after taking into account the provisions
        of
        paragraph (c) below).

       

      (c)  Each
        Guarantor hereby unconditionally and irrevocably agrees that in the event
        any
        payment shall be required to be made to any Secured Party under this Guaranty
        or
        any other guaranty, such Guarantor will contribute, to the maximum extent
        permitted by law, such amounts to each other Guarantor and each other guarantor
        so as to maximize the aggregate amount paid to the Secured Parties under
        or in
        respect of the Loan Documents.

       

      SECTION
        8.02.   Guaranty
        Absolute. 
        Each Guarantor guarantees that the Guaranteed Obligations will be paid strictly
        in accordance with the terms of the Loan Documents, regardless of any law,
        regulation or order now or hereafter in effect in any jurisdiction affecting any
        of such terms or the rights of any Secured Party with respect thereto. The
        Obligations of each Guarantor under or in respect of this Guaranty are
        independent of the Guaranteed Obligations or any other Obligations of any
        other
        Loan Party under or in respect of the Loan Documents, and a separate action
        or
        actions may be brought and prosecuted against each Guarantor to enforce this
        Guaranty, irrespective of whether any action is brought against the Borrower
        or
        any other Loan Party or whether the Borrower or any other Loan Party is joined
        in any such action or actions. The liability of each Guarantor under this
        Guaranty shall be irrevocable, absolute and unconditional irrespective of,
        and
        each Guarantor hereby irrevocably waives any defenses it may now have or
        hereafter acquire in any way relating to, any or all of the
        following:

       

      (a)  any
        lack
        of validity or enforceability of any Loan Document or any agreement or
        instrument relating thereto;

       

      (b)  any
        change in the time, manner or place of payment of, or in any other term of,
        all
        or any of the Guaranteed Obligations or any other Obligations of any other
        Loan
        Party under or in respect of the Loan Documents, or any other amendment or
        waiver of or any consent to departure from any Loan Document, including,
        without
        limitation, any increase in the Guaranteed Obligations resulting from the
        extension of additional credit to any Loan Party or any of its Subsidiaries
        or
        otherwise;

       

      
        
          
          

        

        
          86

          
            

          

        

        
          
          

        

      

      (c)  any
        taking, exchange, release or non-perfection of any Collateral or any other
        collateral, or any taking, release or amendment or waiver of, or consent
        to
        departure from, any other guaranty, for all or any of the Guaranteed
        Obligations;

       

      (d)  any
        manner of application of Collateral or any other collateral, or proceeds
        thereof, to all or any of the Guaranteed Obligations, or any manner of sale
        or
        other disposition of any Collateral or any other collateral for all or any
        of
        the Guaranteed Obligations or any other Obligations of any Loan Party under
        the
        Loan Documents or any other assets of any Loan Party or any of its
        Subsidiaries;

       

      (e)  any
        change, restructuring or termination of the corporate structure or existence
        of
        any Loan Party or any of its Subsidiaries;

       

      (f)  any
        failure of any Secured Party to disclose to any Loan Party any information
        relating to the business, condition (financial or otherwise), operations,
        performance, properties or prospects of any other Loan Party now or hereafter
        known to such Secured Party (each Guarantor waiving any duty on the part
        of the
        Secured Parties to disclose such information);

       

      (g)  the
        failure of any other Person to execute or deliver this Guaranty, any Guaranty
        Supplement or any other guaranty or agreement or the release or reduction
        of
        liability of any Guarantor or other guarantor or surety with respect to the
        Guaranteed Obligations; or

       

      (h)  any
        other
        circumstance (including, without limitation, any statute of limitations)
        or any
        existence of or reliance on any representation by any Secured Party that
        might
        otherwise constitute a defense available to, or a discharge of, any Loan
        Party
        or any other guarantor or surety.

       

      This
        Guaranty shall continue to be effective or be reinstated, as the case may
        be, if
        at any time any payment of any of the Guaranteed Obligations is rescinded
        or
        must otherwise be returned by any Secured Party or any other Person upon
        the
        insolvency, bankruptcy or reorganization of the Borrower or any other Loan
        Party
        or otherwise, all as though such payment had not been made.

       

      SECTION
        8.03.   Waivers
        and Acknowledgments. 
        (a) Each Guarantor hereby unconditionally and irrevocably waives promptness,
        diligence, notice of acceptance, presentment, demand for performance, notice
        of
        nonperformance, default, acceleration, protest or dishonor and any other
        notice
        with respect to any of the Guaranteed Obligations and this Guaranty and any
        requirement that any Secured Party protect, secure, perfect or insure any
        Lien
        or any property subject thereto or exhaust any right or take any action against
        any Loan Party or any other Person or any Collateral.

       

      (b)  Each
        Guarantor hereby unconditionally and irrevocably waives any right to revoke
        this
        Guaranty and acknowledges that this Guaranty is continuing in nature and
        applies
        to all Guaranteed Obligations, whether existing now or in the
        future.

       

            
        (c)  Each
        Guarantor hereby unconditionally and irrevocably waives (i) any defense
        arising by reason of any claim or defense based upon an election of remedies
        by
        any Secured Party that in any manner impairs, reduces, releases or otherwise
        adversely affects the subrogation, reimbursement, exoneration, contribution
        or
        indemnification rights of such Guarantor or other rights of such Guarantor
        to
        proceed against any of the other Loan Parties, any other guarantor or any
        other
        Person or any Collateral and (ii) any defense based on any right of set-off
        or counterclaim against or in respect of the Obligations of such Guarantor
        hereunder.

       

      (d)  Each
        Guarantor acknowledges that the Collateral Agent may, without notice to or
        demand upon such Guarantor and without affecting the liability of such Guarantor
        under this Guaranty, foreclose under any mortgage by nonjudicial sale, and
        each
        Guarantor hereby waives any defense to the recovery by the Collateral Agent
        and
        the other Secured Parties against such Guarantor of any deficiency after
        such
        nonjudicial sale and any defense or benefits that may be afforded by applicable
        law.

       

       

      
        
          
          

        

        
          87

          
            

          

        

        
          
          

        

      

       

      (e)  Each
        Guarantor hereby unconditionally and irrevocably waives any duty on the part
        of
        any Secured Party to disclose to such Guarantor any matter, fact or thing
        relating to the business, condition (financial or otherwise), operations,
        performance, properties or prospects of any other Loan Party or any of its
        Subsidiaries now or hereafter known by such Secured Party.

       

      (f)  Each
        Guarantor acknowledges that it will receive substantial direct and indirect
        benefits from the financing arrangements contemplated by the Loan Documents
        and
        that the waivers set forth in Section 8.02 and this Section 8.03 are
        knowingly made in contemplation of such benefits.

       

      SECTION
        8.04.   Payments
        Free and Clear of Taxes, Etc.

       

      Any
        and
        all payments made by any Guarantor under or in respect of this Guaranty or
        any
        other Loan Document shall be made, in accordance with Section 2.12, free
        and
        clear of and without deduction for any and all present or future Taxes and
        subject to the limitations set forth herein. 

       

      SECTION
        8.05.   Continuing
        Guaranty; Assignments.
        This
        Guaranty is a continuing guaranty and shall (a) remain in full force and
        effect
        until the latest of (i) the payment in full of the Guaranteed Obligations
        and
        all other amounts payable under this Guaranty, (ii) the Termination Date
        for all
        of the Facilities and (iii) the latest date of expiration or termination
        of all
        Letters of Credit, (b) be binding upon each Guarantor, its successors and
        assigns and (c) inure to the benefit of and be enforceable by the Lender
        Parties, the Administrative Agent and their successors, transferees and assigns.
        Without limiting the generality of the foregoing clause (c), any Lender Party
        may assign or otherwise transfer all or any portion of its rights and
        obligations hereunder (including, without limitation, all or any portion
        of its
        Commitment, the Advances owing to it and the Note or Notes held by it) to
        any
        other Person, and such other Person shall thereupon become vested with all
        the
        benefits in respect thereof granted to such Lender Party herein or otherwise,
        in
        each case as provided in Section 9.07. No Guarantor shall have the right
        to
        assign its rights hereunder or any interest herein without the prior written
        consent of the Administrative Agent.

       

      SECTION
        8.06.   Subrogation. 
        Each
        Guarantor hereby unconditionally and irrevocably agrees not to exercise any
        rights that it may now have or hereafter acquire against the Borrower, any
        other
        Loan Party or any other insider guarantor that arise from the existence,
        payment, performance or enforcement of such Guarantor’s Obligations under or in
        respect of this Guaranty or any other Loan Document, including, without
        limitation, any right of subrogation, reimbursement, exoneration, contribution
        or indemnification and any right to participate in any claim or remedy of
        any
        Secured Party against the Borrower, any other Loan Party or any other insider
        guarantor or any Collateral, whether or not such claim, remedy or right arises
        in equity or under contract, statute or common law, including, without
        limitation, the right to take or receive from the Borrower, any other Loan
        Party
        or any other insider guarantor, directly or indirectly, in cash or other
        property or by set-off or in any other manner, payment or security on account
        of
        such claim, remedy or right, unless and until all of the Guaranteed Obligations
        and all other amounts payable under this Guaranty shall have been paid in
        full
        in cash, all Letters of Credit and all Secured Hedge Agreements shall have
        expired or been terminated and the Commitments shall have expired or been
        terminated. If any amount shall be paid to any Guarantor in violation of
        the
        immediately preceding sentence at any time prior to the latest of (a) the
        payment in full in cash of the Guaranteed Obligations and all other amounts
        payable under this Guaranty, (b) the Termination Date of all Facilities and
        (c) the latest date of expiration or termination of all Letters of Credit
        and all Secured Hedge Agreements, such amount shall be received and held
        in
        trust for the benefit of the Secured Parties, shall be segregated from other
        property and funds of such Guarantor and shall forthwith be paid or delivered
        to
        the Administrative Agent in the same form as so received (with any necessary
        endorsement or assignment) to be credited and applied to the Guaranteed
        Obligations and all other amounts payable under this Guaranty, whether matured
        or unmatured, in accordance with the terms of the Loan Documents, or to be
        held
        as Collateral for any Guaranteed Obligations or other amounts payable under
        this
        Guaranty thereafter arising. If (i) any Guarantor shall make payment to any
        Secured Party of all or any part of the Guaranteed Obligations, (ii) all of
        the Guaranteed Obligations and all other amounts payable under this Guaranty
        shall have been paid in full in cash, (iii) the Termination Date for all
        Facilities shall have occurred and (iv) all Letters of Credit and all
        Secured Hedge Agreements shall have expired or been terminated, the Parties
        will, at such Guarantor’s request and expense, execute and deliver to such
        Guarantor appropriate documents, without recourse and without representation
        or
        warranty, necessary to evidence the transfer by subrogation to such Guarantor
        of
        an interest in the Guaranteed Obligations resulting from such payment made
        by
        such Guarantor pursuant to this Guaranty.

      
        
          
          

        

        
          88

          
            

          

        

        
          
          

        

      

            
        SECTION 8.07.   Guaranty
        Supplements.
        Upon
        the
        execution and delivery by any Person of a guaranty supplement in substantially
        the form of Exhibit E hereto (each, a “Guaranty
        Supplement”),
        (a) such Person shall be referred to as an “Additional
        Guarantor”
and
        shall become and be a Guarantor hereunder, and each reference in this Guaranty
        to a “Guarantor”
shall
        also mean and be a reference to such Additional Guarantor, and (b) each
        reference herein to “
        this Guaranty”,
        “hereunder”,
        “hereof”
or
        words of like import referring to this Guaranty, and each reference in any
        other
        Loan Document to the “Guaranty”,
        “thereunder”,
        “thereof”
or
        words of like import referring to this Guaranty, shall mean and be a reference
        to this Guaranty as supplemented by such Guaranty Supplement.

       

      SECTION
        8.08.   Subordination.
        Each
        Guarantor hereby subordinates any and all debts, liabilities and other
        Obligations owed to such Guarantor by each other Loan Party (the “Subordinated
        Obligations”)
        to the
        Guaranteed Obligations to the extent and in the manner hereinafter set forth
        below in this Section 8.08:

       

      (a)  Prohibited
        Payments, Etc.
        Except
        after the occurrence and during the continuance of an Event of Default
        (including the commencement and continuation of any proceeding under any
        Bankruptcy Law relating to any other Loan Party), each Guarantor may receive
        regularly scheduled payments from any other Loan Party on account of the
        Subordinated Obligations. After the occurrence and during the continuance
        of any
        Default (including the commencement and continuation of any proceeding under
        any
        Bankruptcy Law relating to any other Loan Party), however, unless the Required
        Lenders otherwise agree, no Guarantor shall demand, accept or take any action
        to
        collect any payment on account of the Subordinated Obligations.

       

      (b)  Prior
        Payment of Guaranteed Obligations.
        In any
        proceeding under any Bankruptcy Law relating to any other Loan Party, each
        Guarantor agrees that the Secured Parties shall be entitled to receive payment
        in full in cash of all Guaranteed Obligations (including all interest and
        expenses accruing after the commencement of a proceeding under any Bankruptcy
        Law, whether or not constituting an allowed claim in such proceeding
        (“Post
        Petition Interest”))
        before such Guarantor receives payment of any Subordinated
        Obligations.

       

      (c)  Turn-Over.
        After
        the occurrence and during the continuance of any Event of Default (including
        the
        commencement and continuation of any proceeding under any Bankruptcy Law
        relating to any other Loan Party), each Guarantor shall, if the Administrative
        Agent so requests, collect, enforce and receive payments on account of the
        Subordinated Obligations as trustee for the Secured Parties and deliver such
        payments to the Administrative Agent on account of the Guaranteed Obligations
        (including all Post Petition Interest), together with any necessary endorsements
        or other instruments of transfer, but without reducing or affecting in any
        manner the liability of such Guarantor under the other provisions of this
        Guaranty.

       

      
        
          
          

        

        
          89

          
            

          

        

        
          
          

        

      

      (d)  Administrative
        Agent Authorization.
        After
        the occurrence and during the continuance of any Event of Default (including
        the
        commencement and continuation of any proceeding under any Bankruptcy Law
        relating to any other Loan Party), the Administrative Agent is authorized
        and
        empowered (but without any obligation to so do), in its discretion, (i) in
        the
        name of each Guarantor, to collect and enforce, and to submit claims in respect
        of, Subordinated Obligations and to apply any amounts received thereon to
        the
        Guaranteed Obligations (including any and all Post Petition Interest), and
        (ii)
        to require each Guarantor (A) to collect and enforce, and to submit claims
        in
        respect of, Subordinated Obligations and (B) to pay any amounts received
        on such
        obligations to the Administrative Agent for application to the Guaranteed
        Obligations (including any and all Post Petition Interest).

       

      ARTICLE
        IX 

       

      MISCELLANEOUS

       

      SECTION
        9.01.    Amendments,
        Etc. 
        No amendment or waiver of any provision of this Agreement or the Notes or
        any
        other Loan Document, nor consent to any departure by the Borrower or any
        other
        Loan Party therefrom, shall in any event be effective unless the same shall
        be
        in writing and signed by the Required Lenders (or by the Administrative Agent
        on
        their behalf upon its receipt of the consent thereof) and the Borrower or
        the
        applicable Loan Party, as the case may be, and acknowledged by the
        Administrative Agent, and then such waiver or consent shall be effective
        only in
        the specific instance and for the specific purpose for which given; provided,
        however,
        that no
        such amendment, waiver or consent shall:

       

      (a)  Except
        as
        provided in Section 3.03, waive any of the conditions, in the case of the
        Initial Extension of Credit, specified in Section 3.02, without the written
        consent of each Lender (other than any Lender that is, at such time, a
        Defaulting Lender);

       

      (b)  extend
        or
        increase the Commitment of any Lender (or reinstate any Commitment terminated
        pursuant to Article VI) without the written consent of such Lender or extend
        or
        increase the amount of the aggregate Commitments under any Facility, or amend
        the pro rata treatment of any reduction of Commitments set forth in Section
        2.05
        or of distribution of payments set forth in Section 2.11(f), without the
        written
        consent of each Lender
        directly affected thereby;

       

      (c)  postpone
        any date scheduled for any payment of principal or interest under
        Section 2.04, 2.06(b) or 2.07, or any date fixed by the Administrative
        Agent for the payment of fees or other amounts due to the Lenders (or any
        of
        them) hereunder or under any other Loan Document or extend the maximum duration
        of an Interest Period without the written consent of each Lender directly
        affected thereby;

       

      (d)  reduce
        the principal of, or the rate of interest specified herein on, any Advance
        or
        L/C Disbursement, or any fees or other amounts payable hereunder or under
        any
        other Loan Document, or change the manner of computation of any financial
        ratio
        (including any change in any applicable defined term) used in determining
        the
        Applicable Percentage that would result in a reduction of any interest rate
        on
        any Loan or any fee payable hereunder without the written consent of each
        Lender
        directly affected thereby; provided,
        however,
        that
        only the consent of the Required Lenders shall be necessary (i) to amend
        the
        definition of “Default Rate” or to waive any obligation of the Borrower to pay
        interest at the Default Rate or (ii) to amend any financial covenant hereunder
        (or any defined term used therein) even if the effect of such amendment would
        be
        to reduce the rate of interest on any Advance or L/C Disbursement or to reduce
        any fee payable hereunder;

       

      
        
          
          

        

        
          90

          
            

          

        

        
          
          

        

      

      (e)  change
        the order of application of any reduction in the Commitments or any prepayment
        of Advances between the Facilities from the application thereof set forth
        in the
        applicable provisions of Section 2.06(a) and (b) respectively, in any
        manner that materially and adversely affects the Lenders under such Facilities
        or require the permanent reduction of the Revolving Credit Facility at any
        time
        when all or a portion of the Term Facility remains in effect without the
        written
        consent of each such Lender directly affected thereby;

       

      (f)  change
        any provision of this Section 9.01 without the written consent of each Lender,
        or change (i) the definition of (A) “Required Lenders” without the written
        consent of each Lender or (B) “Secured Obligations”, without the written consent
        of each Hedge Bank or (ii) any other provision hereof specifying the number
        or
        percentage of Lenders required to amend, waive or otherwise modify any rights
        hereunder or make any determination or grant any consent hereunder, without
        the
        written consent of each Lender;

       

      (g)  release
        all or substantially all of the Collateral in any transaction or series of
        related transactions, without the written consent of each Lender (it being
        understood that any Permitted Disposition of Logan’s pursuant to Section 5.02(e)
        shall not be subject to this clause);

       

      (h)  release
        one or more Guarantors (or otherwise limit such Guarantors’ liability with
        respect to the Obligations owing to the Agents and the Lender Parties under
        the
        Guaranties) if such release or limitation is in respect of a material portion
        of
        the value of the Guaranties to the Lender Parties, without the written consent
        of each Lender (it being understood that any Permitted Disposition of Logan’s
        pursuant to Section 5.02(e) shall not be subject to this clause);
        or

       

      (i)  as
        to any
        Facility, impose any greater restriction on the ability of any Lender under
        such
        Facility to assign any of its rights or obligations hereunder without the
        written consent of Lenders having at least a majority of the sum of (i) the
        unused portion, if any, of the Commitments under such Facility plus
        (ii) the
        total outstanding amount of the Advances under such Facility, in each case,
        at
        such time then in effect. For purposes of this clause, the aggregate amount
        of
        each Lender’s risk participation and funded participation in L/C Disbursements
        shall be deemed to be held by such Lender; or

       

      (j)  amend
        or
        waive any of the conditions set forth in Sections 3.01, 3.02 or 3.03 relating
        to
        the obligations of any Revolving Credit Lender to make Revolving Credit
        Advances, Swing Line Advances or L/C Credit Extensions without the written
        consent of the Required Revolving Credit Lenders; 

      and
        provided
        further
        that (i)
        no amendment, waiver or consent shall, unless in writing and signed by the
        Issuing Bank and the Swing Line Bank, as the case may be, in addition to
        the
        Lenders required above to take such action, affect the rights or Obligations
        of
        the Issuing Bank or the Swing Line Bank, as the case may be, under this
        Agreement or any Letter of Credit Application relating to any Letter of Credit
        issued or to be issued by the Issuing Bank; (ii) no amendment, waiver or
        consent
        shall, unless in writing and signed by the Administrative Agent in addition
        to
        the Lenders required above, affect the rights or Obligations of, or any fees
        or
        other amounts payable to, the Administrative Agent under this Agreement or
        any
        other Loan Document; (iii) Section 9.07(k) may not be amended, waived or
        otherwise modified without the consent of each Granting Lender all or any
        part
        of whose Advances are being funded by an SPC at the time of such amendment,
        waiver or other modification; and (iv) the Fee Letter may be amended, or
        rights
        or privileges thereunder waived, in a writing executed only by the parties
        thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender
        shall have any right to approve or disapprove any amendment, waiver or consent
        hereunder, except that the Commitment of such Lender may not be increased
        or
        extended without the consent of such Lender.

       

      
        
          
          

        

        
          91

          
            

          

        

        
          
          

        

      

       

      SECTION
        9.02.   Notices,
        Etc.
        (a) All
        notices and other communications provided for hereunder shall be in writing
        (including fax communication) and mailed, faxed or delivered, if to any Loan
        Party at the address specified below its name on the signature pages hereof
        or
        of a Supplement to the Pledge Agreement delivered pursuant to Section 5.01(j)
        or
        (k); if to any Person that is a Lender Party as of the date hereof, at its
        Domestic Lending Office specified in the Lender Addendum delivered by such
        Lender Party; if to any other Lender Party, at its Domestic Lending Office
        specified in the Assignment and Acceptance pursuant to which it became a
        Lender
        Party; if to the Administrative Agent or the Collateral Agent, at its address
        at
        201 South College Street, NC0608/CP8, Charlotte, North Carolina 28288-0608,
        Attention: Syndication Agency Services, Telecopier: 704-383-0288, Telephone:
        704-374-2698, with a copy to: Wachovia Bank, National Association, One Wachovia
        Center, 6th Floor, Charlotte, NC 28288-0760, Attention: Jorge Gonzalez,
        Telecopier: 704-383-6647, Telephone: 704-383-8461; or, as to any party, at
        such
        other address as shall be designated by such party in a written notice to
        the
        other parties. All such notices and other communications shall, when mailed
        or
        faxed, be effective when deposited in the mails or transmitted by fax, except
        that notices and communications to any Agent pursuant to Article II, III or
        VII shall not be effective until received by such Agent. Delivery by fax
        or
        electronic mail of an executed counterpart of a signature page to any amendment
        or waiver of any provision of this Agreement or the Notes or of any Exhibit
        hereto to be executed and delivered hereunder shall be effective as delivery
        of
        an original executed counterpart thereof. 

       

      (b)  The
        Loan
        Parties hereby agree that they will provide to the Administrative Agent all
        information, documents and other materials that it is obligated to furnish
        to
        the Administrative Agent pursuant to the Loan Documents, including, without
        limitation, all notices, requests, financial statements, financial and other
        reports, certificates and other information materials, but excluding any
        such
        communication that (i) relates to a request for a new, or a Conversion of
        an
        existing, Borrowing or other Extension of Credit (including any election
        of an
        interest rate or interest period relating thereto), (ii) relates to the payment
        of any principal or other amount due under this Agreement prior to the scheduled
        date therefor, (iii) provides notice of any Default or Event of Default under
        this Agreement or (iv) is required to be delivered to satisfy any condition
        precedent to the effectiveness of this Agreement and/or any Borrowing or
        other
        Extension of Credit thereunder (all such non-excluded communications being
        referred to herein collectively as “Communications”),
        by
        faxing the Communications to a telecopier number specified by the Administrative
        Agent to the Loan Parties. In addition, each Loan Party agrees to continue
        to
        provide the Communications to the Administrative Agent in the manner specified
        in the Loan Documents but only to the extent requested by the Administrative
        Agent. Each Loan Party further agrees that the Administrative Agent may make
        the
        Communications available to the Lenders by posting the Communications on
        SyndTrak or a substantially similar electronic transmission system (the
“Platform”).

       

          (c)
        THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. THE AGENT PARTIES (AS
        DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE
        COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY
        FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS,
        IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF
        MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD
        PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE
        AGENT
        PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT
        SHALL
        THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE
        OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES
        (COLLECTIVELY, “AGENT PARTIES”) HAVE ANY LIABILITY TO THE LOAN PARTIES , ANY
        LENDER PARTY OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING,
        WITHOUT LIMITATION, DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL
        DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING
        OUT
        OF THE LOAN PARTIES’ OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF
        COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF
        ANY
        AGENT PARTY IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT
        JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE
        OR WILLFUL MISCONDUCT.

       

      
        
          
          

        

        
          92

          
            

          

        

        
          
          

        

      

      (d)  The
        Administrative Agent agrees that the receipt of the Communications by the
        Administrative Agent at its telecopier number set forth above shall constitute
        effective delivery of the Communications to the Administrative Agent for
        purposes of the Loan Documents. Each Lender Party agrees that notice to it
        (as
        provided in the next sentence) specifying that the Communications have been
        posted to the Platform shall constitute effective delivery of the Communications
        to such Lender Party for purposes of the Loan Documents. Each Lender Party
        agrees to notify the Administrative Agent in writing (including by fax) from
        time to time of such Lender Party’s E-mail address to which the foregoing notice
        may be sent by electronic transmission and (ii) that the foregoing notice
        may be
        sent to such E-mail address. Nothing herein shall prejudice the right of
        the
        Administrative Agent or any Lender Party to give any notice or other
        communication pursuant to any Loan Document in any other manner specified
        in
        such Loan Document.

       

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

       

          SECTION
        9.04.
  Costs
        and Expenses.
        (a) The
        Loan Parties agree to pay from time to time on demand (i) all costs and
        expenses of each Agent in connection with the preparation, execution, delivery,
        administration, modification and amendment of, or any consent or waiver under
        (in each case whether or not effective), the Loan Documents (including, without
        limitation, (A) all due diligence, collateral review, syndication,
        transportation, computer, duplication, appraisal, audit, insurance, consultant,
        search, filing and recording fees and expenses and (B) the reasonable fees
        and expenses of counsel for each Agent with respect thereto, with respect
        to
        advising such Agent as to its rights and responsibilities, or the perfection,
        protection, interpretation or preservation of rights or interests, under
        the
        Loan Documents, with respect to negotiations with any Loan Party or with
        other
        creditors of any Loan Party or any of its Subsidiaries arising out of any
        Default or any events or circumstances that may give rise to a Default and
        with
        respect to presenting claims in or otherwise participating in or monitoring
        any
        bankruptcy, insolvency or other similar proceeding involving creditors’ rights
        generally and any proceeding ancillary thereto) and (ii) all costs and
        expenses of each Agent and each Lender Party in connection with the enforcement
        of the Loan Documents, whether in any action, suit or litigation, or any
        bankruptcy, insolvency or other similar proceeding affecting creditors’ rights
        generally (including, without limitation, the reasonable fees and expenses
        of
        counsel for the Administrative Agent and each Lender Party with respect
        thereto).

       

      
        
          
          

        

        
          93

          
            

          

        

        
          
          

        

      

      (b)  The
        Loan
        Parties agree to indemnify, defend and save and hold harmless each Agent,
        each
        Lender Party and each of their Affiliates and their respective officers,
        directors, employees, agents and advisors (each, an “Indemnified
        Party”)
        from
        and against, and shall pay on demand, any and all claims, damages, losses,
        liabilities and expenses (including, without limitation, reasonable fees
        and
        expenses of counsel and settlement costs) that may be incurred by or asserted
        or
        awarded against any Indemnified Party, in each case arising out of or in
        connection with or by reason of (including, without limitation, in connection
        with any investigation, litigation or proceeding or preparation of a defense
        in
        connection therewith) (i) the Facilities, the actual or proposed use of the
        proceeds of the Advances or the Letters of Credit, the Transaction Documents
        or
        any of the transactions contemplated thereby or (ii) the actual or alleged
        presence of Hazardous Materials on any property of any Loan Party or any
        of its
        Subsidiaries or any Environmental Action relating in any way to any Loan
        Party
        or any of its Subsidiaries, except to the extent such claim, damage, loss,
        liability or expense is found in a final, non-appealable judgment by a court
        of
        competent jurisdiction to have resulted from such Indemnified Party’s gross
        negligence or willful misconduct. In the case of an investigation, litigation
        or
        other proceeding to which the indemnity in this Section 9.04(b) applies,
        such
        indemnity shall be effective whether or not such investigation, litigation
        or
        proceeding is brought by any Loan Party, its directors, shareholders or
        creditors or an Indemnified Party or any other Person, whether or not any
        Indemnified Party is otherwise a party thereto and whether or not the
        Transaction is consummated. Each Loan Party also agrees that, without the
        prior
        written consent of the Administrative Agent (not to be unreasonably withheld),
        it will not settle, compromise or consent to the entry of any judgment in
        any
        pending or threatened claim, action or proceeding in respect of which
        indemnification has been or could be sought under the indemnification provisions
        hereof (whether or not any Indemnified Party is an actual or potential party
        to
        such claim, action or proceeding), unless such settlement, compromise or
        consent
        (a) includes a full and unconditional written release of each Indemnified
        Party
        from all liability arising out of such claim, action or proceeding and (b)
        does
        not include any statement as to or an admission of fault, culpability or
        failure
        to act by or on behalf of any Indemnified Party.

       

      In
        the
        event that an Indemnified Party is requested or required to appear as a witness
        in any action brought by or on behalf of or against any Loan Party or any
        of its
        Subsidiaries or Affiliates in which such Indemnified Party is not named as
        a
        defendant, such Loan Party agrees to reimburse such Indemnified Party for
        all
        reasonable expenses incurred by it in connection with such Indemnified Party’s
        appearing and preparing to appear as such a witness, including, without
        limitation, the reasonable fees and expenses of its legal counsel. Each Loan
        Party also agrees not to assert any claim against any Agent, any Lender Party
        or
        any of their Affiliates, or any of their respective officers, directors,
        employees, agents and advisors, on any theory of liability, for special,
        indirect, consequential or punitive damages arising out of or otherwise relating
        to the Facilities, the actual or proposed use of the proceeds of the Advances
        or
        the Letters of Credit, the Transaction Documents or any of the transactions
        contemplated by the Transaction Documents, except for direct, as opposed
        to
        consequential, damages determined in a final nonappealable judgment by a
        court
        of competent jurisdiction to have resulted from such Indemnified Party’s gross
        negligence or willful misconduct.

       

      (c)  If
        any
        payment or prepayment of principal of, or Conversion of, any Eurodollar Rate
        Advance is made by the Borrower to or for the account of a Lender Party other
        than on the last day of the Interest Period for such Advance, as a result
        of a
        payment or Conversion pursuant to Section 2.06, 2.09(b)(i) or 2.10(d),
        acceleration of the maturity of the Advances pursuant to Section 6.01 or
        for any other reason, or by an Eligible Assignee to a Lender Party other
        than on
        the last day of the Interest Period for such Advance upon an assignment of
        rights and obligations under this Agreement pursuant to Section 9.07 as a
        result
        of a demand by the Borrower pursuant to Section 2.10(e), or if the Borrower
        fails to make any payment or prepayment of an Advance for which a notice
        of
        prepayment has been given or that is otherwise required to be made, whether
        pursuant to Section 2.04, 2.06 or 6.01 or otherwise, the Borrower shall,
        upon demand by such Lender Party (with a copy of such demand to the
        Administrative Agent), pay to the Administrative Agent for the account of
        such
        Lender Party any amounts required to compensate such Lender Party for any
        additional losses, costs or expenses that it may reasonably incur as a result
        of
        such payment or Conversion or such failure to pay or prepay, as the case
        may be,
        including, without limitation, any loss (including loss of anticipated profits),
        cost or expense incurred by reason of the liquidation or reemployment of
        deposits or other funds acquired by any Lender Party to fund or maintain
        such
        Advance.

       

      
        
          
          

        

        
          94

          
            

          

        

        
          
          

        

      

       

      (d)  If
        any
        Loan Party fails to pay when due any costs, expenses or other amounts payable
        by
        it under any Loan Document, including, without limitation, fees and expenses
        of
        counsel and indemnities, such amount may be paid on behalf of such Loan Party
        by
        the Administrative Agent or any Lender Party, in its sole
        discretion.

       

      (e)  Without
        prejudice to the survival of any other agreement of any Loan Party hereunder
        or
        under any other Loan Document, the agreements and obligations of the Loan
        Parties contained in Sections 2.10 and 2.12 and this Section 9.04 shall
        survive the payment in full of principal, interest and all other amounts
        payable
        hereunder and under any of the other Loan Documents.

       

      SECTION
        9.05.   Right
        of Set-off.
        Upon
        (a) the occurrence and during the continuance of any Event of Default and
        (b) the making of the request or the granting of the consent specified by
        Section 6.01 to authorize the Administrative Agent to declare the Advances
        due and payable pursuant to the provisions of Section 6.01, each Agent and
        each Lender Party and each of their respective Affiliates is hereby authorized
        at any time and from time to time, to the fullest extent permitted by law,
        to
        set off and otherwise apply any and all deposits (general or special, time
        or
        demand, provisional or final) at any time held and other indebtedness at
        any
        time owing by such Agent, such Lender Party or such Affiliate to or for the
        credit or the account of the Borrower against any and all of the Obligations
        of
        the Borrower now or hereafter existing under the Loan Documents, irrespective
        of
        whether such Agent or such Lender Party shall have made any demand under
        this
        Agreement and although such Obligations may be unmatured. Each Agent and
        each
        Lender Party agrees promptly to notify the Borrower after any such set-off
        and
        application; provided,
        however,
        that the
        failure to give such notice shall not affect the validity of such set-off
        and
        application. The rights of each Agent and each Lender Party and their respective
        Affiliates under this Section are in addition to other rights and remedies
        (including, without limitation, other rights of set-off) that such Agent,
        such
        Lender Party and their respective Affiliates may have.

       

      SECTION
        9.06.   Binding
        Effect.
        This
        Agreement shall become effective when it shall have been executed by each
        Loan
        Party and each Agent and the Administrative Agent shall have been notified
        by
        each Person that is a Lender Party as of the date hereof that such Lender
        Party
        has executed it and thereafter shall be binding upon and inure to the benefit
        of
        each Loan Party, each Agent and each Lender Party and their respective
        successors and assigns, except that no Loan Party shall have the right to
        assign
        its rights hereunder or any interest herein without the prior written consent
        of
        all the Lender Parties.

       

      
        
          
          

        

        
          95

          
            

          

        

        
          
          

        

      

       

      SECTION
        9.07.   Assignments
        and Participations.
        (a)
        Each Lender (and the Existing Issuing Bank, Wachovia and any subsequent Issuing
        Bank) may, and so long as no Default shall have occurred and be continuing,
        if
        demanded by the Borrower pursuant to Section 2.10(e) upon at least five
        Business Days’ notice to such Lender and the Administrative Agent will, assign
        to one or more Eligible Assignees all or a portion of its rights and obligations
        under this Agreement and the other Loan Documents (including, without
        limitation, all or a portion of its Commitment or Commitments, the Advances
        (including, for the purposes of this Section 9.07(a), participations in Letters
        of Credit and in Swing Line Advances) owing to it and the Note or Notes held
        by
        it); provided,
        however,
        that
        (i) each such assignment shall be of a uniform, and not a varying,
        percentage of all rights and obligations under and in respect of any or all
        Facilities (determined as of the date the Assignment and Assumption with
        respect
        to such assignment is delivered to the Administrative Agent or, if “Trade Date”
is specified in the Assignment and Assumption, as of the Trade Date),
        (ii) except in the case of an assignment to a Person that, immediately
        prior to such assignment, was a Lender, an Affiliate of any Lender or an
        Approved Fund of any Lender or an assignment of all of a Lender’s rights and
        obligations under this Agreement, the aggregate amount of the Commitments
        being
        assigned to such Eligible Assignee pursuant to such assignment (determined
        as of
        the date of the Assignment and Acceptance with respect to such assignment
        

      
        and
          treating related Approved Funds as one assignee for this purpose) shall
          in no
          event be less than $1,000,000 (or such lesser amount as shall be approved
          by the
          Administrative Agent) under each Facility for which a Commitment is being
          assigned, (iii) each partial assignment shall be made as an assignment of a
          proportionate part of all of the assigning Lender’s rights and obligations under
          this Agreement with respect to the Advances or the Commitment assigned,
          except
          that this clause (iii) shall not (x) apply to rights in respect of Swing
          Line
          Advances or (y) prohibit any Lender from assigning all or a portion of
          its
          rights and obligations among separate Facilities on a non-pro rata basis,
          (iv) each such assignment shall be to an Eligible Assignee, (v) each
          such assignment made as a result of a demand by the Borrower pursuant to
          Section 2.10(e) shall be arranged by the Borrower after consultation with
          the Administrative Agent and shall be either an assignment of all of the
          rights
          and obligations of the assigning Lender under this Agreement or an assignment
          of
          a portion of such rights and obligations made concurrently with another
          such
          assignment or other such assignments that together cover all of the rights
          and
          obligations of the assigning Lender under this Agreement, (vi) no Lender
          shall be obligated to make any such assignment as a result of a demand
          by the
          Borrower pursuant to Section 2.10(e) unless and until such Lender shall
          have
          received one or more payments from either the Borrower or one or more Eligible
          Assignees in an aggregate amount at least equal to the aggregate outstanding
          principal amount of the Advances owing to such Lender, together with accrued
          interest thereon to the date of payment of such principal amount and all
          other
          amounts payable to such Lender under this Agreement, (vii) no such assignments
          shall be permitted without the consent of the Administrative Agent until
          the
          Administrative Agent shall have notified the Lender Parties that syndication
          of
          the Commitments hereunder has been completed and (viii) the parties to each
          such assignment shall execute and deliver to the Administrative Agent,
          for its
          acceptance and recording in the Register, an Assignment and Acceptance,
          together
          with any Note or Notes subject to such assignment and a processing and
          recordation fee of $3,500; provided, however, that for each such
          assignment made as a result of a demand by the Borrower pursuant to Section
          2.10(e), the Borrower shall pay to the Administrative Agent the applicable
          processing and recordation fee; provided further that only one such fee
          shall be payable in connection with simultaneous assignments to or by two
          or
          more Approved Funds.

         

        (b)  Upon
          such
          execution, delivery, acceptance and recording, from and after the effective
          date
          specified in such Assignment and Acceptance, (i) the assignee thereunder
          shall be a party hereto and, to the extent that rights and obligations
          hereunder
          have been assigned to it pursuant to such Assignment and Acceptance, have
          the
          rights and obligations of a Lender, the Swing Line Bank or the Issuing
          Bank, as
          the case may be, hereunder and (ii) the Lender Party assignor thereunder
          shall, to the extent that rights and obligations hereunder have been assigned
          by
          it pursuant to such Assignment and Acceptance, relinquish its rights (other
          than
          its rights under Sections 2.10, 2.12 and 9.04 to the extent any claim
          thereunder relates to an event arising prior to such assignment) and be
          released
          from its obligations under this Agreement (and, in the case of an Assignment
          and
          Acceptance covering all of the remaining portion of an assigning Lender
          Party’s
          rights and obligations under this Agreement, such Lender Party shall cease
          to be
          a party hereto).

      

       

          (c)  By
        executing and delivering an Assignment and Acceptance, each Lender Party
        assignor thereunder and each assignee thereunder confirm to and agree with
        each
        other and the other parties thereto and hereto as follows: (i) other than
        as provided in such Assignment and Acceptance, such assigning Lender Party
        makes
        no representation or warranty and assumes no responsibility with respect
        to any
        statements, warranties or representations made in or in connection with any
        Loan
        Document or the execution, legality, validity, enforceability, genuineness,
        sufficiency or value of, or the perfection or priority of any lien or security
        interest created or purported to be created under or in connection with,
        any
        Loan Document or any other instrument or document furnished pursuant thereto;
        (ii) such assigning Lender Party makes no representation or warranty and
        assumes no responsibility with respect to the financial condition of any
        Loan
        Party or the performance or observance by any Loan Party of any of its
        obligations under any Loan Document or any other instrument or 

       

      
        
          
          

        

        
          96

          
            

          

        

        
          
          

        

      

       

      document
        furnished pursuant thereto; (iii) such assignee confirms that it has
        received a copy of this Agreement, together with copies of the financial
        statements referred to in Section 4.01 and such other documents and
        information as it has deemed appropriate to make its own credit analysis
        and
        decision to enter into such Assignment and Acceptance; (iv) such assignee
        will, independently and without reliance upon any Agent, such assigning Lender
        Party or any other Lender Party and based on such documents and information
        as
        it shall deem appropriate at the time, continue to make its own credit decisions
        in taking or not taking action under this Agreement; (v) such assignee
        confirms that it is an Eligible Assignee; (vi) such assignee appoints and
        authorizes each Agent to take such action as agent on its behalf and to exercise
        such powers and discretion under the Loan Documents as are delegated to such
        Agent by the terms hereof and thereof, together with such powers and discretion
        as are reasonably incidental thereto; and (vii) such assignee agrees that
        it will perform in accordance with their terms all of the obligations that
        by
        the terms of this Agreement are required to be performed by it as a Lender,
        Swing Line Bank or the Issuing Bank, as the case may be.

       

      (d)  The
        Administrative Agent shall maintain at its address referred to in Section
        9.02 a
        copy of each Assignment and Acceptance delivered to and accepted by it and
        a
        register for the recordation of the names and addresses of the Lender Parties
        and the Commitment under each Facility of, and principal amount of the Advances
        owing under each Facility to, each Lender Party from time to time (the
“Register”).
        The
        entries in the Register shall be conclusive and binding for all purposes,
        absent
        manifest error, and the Borrower, the Agents and the Lender Parties may treat
        each Person whose name is recorded in the Register as a Lender Party hereunder
        for all purposes of this Agreement. The Register shall be available for
        inspection by the Borrower or any Agent at any reasonable time and from time
        to
        time upon reasonable prior notice.

       

      (e)  Upon
        its
        receipt of an Assignment and Acceptance executed by an assigning Lender Party
        and an assignee, together with any Note or Notes (if any) subject to such
        assignment, the Administrative Agent shall, if such Assignment and Acceptance
        has been completed and is in substantially the form of Exhibit C-2 hereto,
        (i) accept such Assignment and Acceptance, (ii) record the information
        (the “Ownership Information”) contained therein in the Register and
        (iii) give prompt notice thereof to the Borrower and each other Agent. Any
        transfer of an ownership interest in any Advance, including any right to
        principal or interest payable with respect to the Advance, shall be subject
        to
        and conditioned upon the due recordation of such transfer and the Ownership
        Information with respect to the transferee in the Register and such transfer
        shall be effective only upon such recordation (and not prior thereto). In
        the
        case of any assignment by a Lender, within five Business Days after its receipt
        of such notice, the Borrower, at its own expense, shall execute and deliver
        to
        the Administrative Agent in exchange for the surrendered Note or Notes (if
        any)
        a new Note to the order of such Eligible Assignee in an amount equal to the
        Commitment assumed by it under each Facility pursuant to such Assignment
        and
        Acceptance and, if any assigning Lender that had a Note or Notes prior to
        such
        Assignment has retained a Commitment hereunder under such Facility, a new
        Note
        to the order of such assigning Lender in an amount equal to the Commitment
        retained by it hereunder. Such new Note or Notes shall be in an aggregate
        principal amount equal to the aggregate principal amount of such surrendered
        Note or Notes, shall be dated the effective date of such Assignment and
        Acceptance and shall otherwise be in substantially the form of Exhibit A-1
        or A-2 hereto, as the case may be.

       

        (f)  The
        Issuing Bank may assign to an Eligible Assignee all of its rights and
        obligations under the undrawn portion of its Letter of Credit Commitment
        at any
        time; provided,
        however,
        that (i)
        each such assignment shall be to an Eligible Assignee and (ii) the parties
        to
        each such assignment shall execute and deliver to the Administrative Agent,
        for
        its acceptance and recording in the Register, an Assignment and Acceptance,
        together with a processing and recordation fee of $3,500.

       

      
        
          
          

        

        
          97

          
            

          

        

        
          
          

        

      

      (g)  Each
        Lender Party may sell participations to one or more Persons (other than any
        Loan
        Party or any of its Affiliates) in or to all or a portion of its rights and
        obligations under this Agreement (including, without limitation, all or a
        portion of its Commitments, the Advances (including such Lender’s participations
        in L/C Credit Extensions and/or Swing Line Advances) owing to it and the
        Note or
        Notes (if any) held by it); provided,
        however,
        that
        (i) such Lender Party’s obligations under this Agreement (including,
        without limitation, its Commitments) shall remain unchanged, (ii) such
        Lender Party shall remain solely responsible to the other parties hereto
        for the
        performance of such obligations, (iii) such Lender Party shall remain the
        holder of any such Note for all purposes of this Agreement, (iv) the Loan
        Parties, the Agents and the other Lender Parties shall continue to deal solely
        and directly with such Lender Party in connection with such Lender Party’s
        rights and obligations under this Agreement and (v) no participant under
        any such participation shall have any right to approve any amendment or waiver
        of any provision of any Loan Document, or any consent to any departure by
        any
        Loan Party therefrom, except to the extent that such amendment, waiver or
        consent would reduce the principal of, or interest on, the Advances or any
        fees
        or other amounts payable hereunder, in each case to the extent subject to
        such
        participation, postpone any date fixed for any payment of principal of, or
        interest on, the Advances or any fees or other amounts payable hereunder,
        in
        each case to the extent subject to such participation, or release all or
        substantially all of the Collateral or release any of the Subsidiary Guarantors
        from any of their Obligations under the Loan Documents if such release is
        in
        respect of all or substantially all of the value of the Guaranties. Each
        of the
        Loan Parties agrees that each participant shall be entitled to the benefits
        of
        Sections 2.10, 2.11, 2.12, 8.04 and 9.04(b) to the same extent as if it were
        a
        Lender and had acquired its interest by assignment pursuant to paragraph
        (a) of
        this Section. To the extent permitted by law, each participant also shall
        be
        entitled to the benefits of Section 9.05 as though it were a Lender,
provided
        such
        participant agrees to be subject to Section 2.13 as though it were a Lender.
        A
        participant shall not be entitled to receive any greater payment under Sections
        2.10 and 2.12 than the applicable Lender would have been entitled to receive
        with respect to the participation sold to such participant, unless the sale
        of
        the participation to such participant is made with the Borrower’s prior written
consent.

       

      (h)  Any
        Lender Party may, in connection with any assignment or participation or proposed
        assignment or participation pursuant to this Section 9.07, disclose to the
        assignee or participant or proposed assignee or participant any information
        relating to the Loan Parties furnished to such Lender Party by or on behalf
        of
        the Loan Parties; provided,
        however,
        that,
        prior to any such disclosure, the assignee or participant or proposed assignee
        or participant shall agree to preserve the confidentiality of any Confidential
        Information received by it from such Lender Party.

       

      (i)  Notwithstanding
        any other provision set forth in this Agreement, any Lender Party may at
        any
        time create a security interest in all or any portion of its rights under
        this
        Agreement and the other Loan Documents (including, without limitation, the
        Advances owing to it and the Note or Notes (if any) held by it) in favor
        of any
        Federal Reserve Bank.

       

           (j)  Notwithstanding
        anything to the contrary contained herein, any Lender that is a Fund may
        create
        a security interest in all or any portion of the Advances owing to it and
        any
        Note or Notes held by it to a creditor or the trustee for holders of obligations
        owed, or securities issued, by such Fund as security for such obligations
        or
        securities, provided,
        that
        unless and until such creditor or trustee actually becomes a Lender in
        compliance with the other provisions of this Section 9.07, (i) no such pledge
        shall release the pledging Lender from any of its obligations under the Loan
        Documents and (ii) such creditor or trustee shall not be entitled to exercise
        any of the rights of a Lender under the Loan Documents even though such trustee
        may have acquired ownership rights with respect to the pledged interest through
        foreclosure or otherwise.

       

      
        
          
          

        

        
          98

          
            

          

        

        
          
          

        

      

      (k)  Notwithstanding
        anything to the contrary contained herein, any Lender Party (a “Granting
        Lender”)
        may
        grant to a special purpose funding vehicle identified as such in writing
        from
        time to time by the Granting Lender to the Administrative Agent and the Borrower
        (an “SPC”)
        the
        option to provide all or any part of any Advance that such Granting Lender
        would
        otherwise be obligated to make pursuant to this Agreement, provided
        that
        (i) nothing herein shall constitute a commitment by any SPC to fund any
        Advance, and (ii) if an SPC elects not to exercise such option or otherwise
        fails to make all or any part of such Advance, the Granting Lender shall
        be
        obligated to make such Advance pursuant to the terms hereof. The making of
        an
        Advance by an SPC hereunder shall utilize the Commitment of the Granting
        Lender
        to the same extent, and as if, such Advance were made by such Granting Lender.
        Each party hereto hereby agrees that (i) no SPC shall be liable for any
        indemnity or similar payment obligation under this Agreement for which a
        Lender
        Party would be liable, (ii) no SPC shall be entitled to the benefits of Sections
        2.10 and 2.12 (or any other increased costs protection provision) and (iii)
        the
        Granting Lender shall for all purposes, including, without limitation, the
        approval of any amendment or waiver of any provision of any Loan Document,
        remain the Lender Party of record hereunder. In furtherance of the foregoing,
        each party hereto hereby agrees (which agreement shall survive the termination
        of this Agreement) that, prior to the date that is one year and one day after
        the payment in full of all outstanding commercial paper or other senior Debt
        of
        any SPC, it will not institute against, or join any other person in instituting
        against, such SPC any bankruptcy, reorganization, arrangement, insolvency,
        or
        liquidation proceeding under the laws of the United States or any State thereof.
        Notwithstanding anything to the contrary contained in this Agreement, any
        SPC
        may (i) with notice to, but without prior consent of, the Borrower and the
        Administrative Agent and without paying any processing fee therefor, assign
        all
        or any portion of its interest in any Advance to the Granting Lender and
        (ii) disclose on a confidential basis any non-public information relating
        to its funding of Advances to any rating agency, commercial paper dealer
        or
        provider of any surety or guarantee or credit or liquidity enhancement to
        such
        SPC. This subsection (k) may not be amended without the prior written consent
        of
        each Granting Lender, all or any part of whose Advances are being funded
        by the
        SPC at the time of such amendment.

       

      (l)  Notwithstanding
        anything to the contrary contained herein, if at any time Wachovia assigns
        all
        of its Revolving Credit Commitments and Revolving Credit Advances pursuant
        to
        Section 9.07(a), Wachovia may, (i) upon 10 days’ notice to the Loan Parties
        and the Lenders, resign as Issuing Bank and/or (ii) upon 10 days’ notice to the
        Loan Parties, resign as Swing Line Bank. In the event of any such resignation
        as
        Issuing Bank or Swing Line Bank, the Loan Parties shall be entitled to appoint
        from among the Lenders a successor Issuing Bank or Swing Line Bank hereunder;
        provided,
        however,
        that no
        failure by the Loan Parties to appoint any such successor shall affect the
        resignation of Wachovia as Issuing Bank or Swing Line Bank, as the case may
        be.
        If Wachovia resigns as Issuing Bank, it shall retain all the rights and
        obligations of the Issuing Bank hereunder with respect to all L/C Credit
        Extensions outstanding as of the effective date of its resignation as Issuing
        Bank and all L/C Credit Extensions with respect thereto (including the right
        to
        require the Lenders to make Base Rate Advances or fund risk participations
        in
        unreimbursed amounts pursuant to Section 2.03). If Wachovia resigns as Swing
        Line Bank, it shall retain all the rights of the Swing Line Bank provided
        for
        hereunder with respect to Swing Line Advances made by it and outstanding
        as of
        the effective date of such resignation, including the right to require the
        Lenders to make Base Rate Advances or fund risk participations in outstanding
        Swing Line Advances pursuant to Section 2.02.

       

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

       

      
        
          
          

        

        
          99

          
            

          

        

        
          
          

        

      

      SECTION
        9.09.   No
        Liability of the Issuing Bank.
        The
        Borrower assumes all risks of the acts or omissions of any beneficiary or
        transferee of any Letter of Credit with respect to its use of such Letter
        of
        Credit. Neither the Issuing Bank nor any of its officers or directors shall
        be
        liable or responsible for: (a) the use that may be made of any Letter of
        Credit
        or any acts or omissions of any beneficiary or transferee in connection
        therewith; (b) the validity, sufficiency or genuineness of documents, or
        of any
        endorsement thereon, even if such documents should prove to be in any or
        all
        respects invalid, insufficient, fraudulent or forged; (c) payment by the
        Issuing
        Bank against presentation of documents that do not comply with the terms
        of a
        Letter of Credit, including failure of any documents to bear any reference
        or
        adequate reference to the Letter of Credit; or (d) any other circumstances
        whatsoever in making or failing to make payment under any Letter of Credit,
        except that the Borrower shall have a claim against the Issuing Bank, and
        the
        Issuing Bank shall be liable to the Borrower, to the extent of any direct,
        but
        not consequential, damages suffered by the Borrower that the Borrower proves
        were caused by (i) the Issuing Bank’s willful misconduct or gross negligence as
        determined in a final, non-appealable judgment by a court of competent
        jurisdiction in determining whether documents presented under any Letter
        of
        Credit comply with the terms of the Letter of Credit or (ii) the Issuing
        Bank’s
        willful failure to make lawful payment under a Letter of Credit after the
        presentation to it of a draft and certificates strictly complying with the
        terms
        and conditions of the Letter of Credit. In furtherance and not in limitation
        of
        the foregoing, the Issuing Bank may accept documents that appear on their
        face
        to be in order, without responsibility for further investigation, regardless
        of
        any notice or information to the contrary.

       

      SECTION
        9.10.   Confidentiality.
        Neither
        any Agent nor any Lender Party shall disclose any Confidential Information
        to
        any Person without the consent of the Borrower, other than (a) to such
        Agent’s or such Lender Party’s Affiliates and their officers, directors,
        employees, agents and advisors and to any pledgee referred to in Section
        9.07(j)
        and any actual or prospective Eligible Assignees and participants, and then
        only
        on a confidential basis, (b) as required by any law, rule or regulation or
        judicial process, (c) as requested or required by any state, Federal or
        foreign authority or examiner (including the National Association of Insurance
        Commissioners or any similar organization or quasi-regulatory authority)
        regulating such Lender Party, (d) to any rating agency when required by it,
provided
        that,
        prior to any such disclosure, such rating agency shall undertake to preserve
        the
        confidentiality of any Confidential Information relating to the Loan Parties
        received by it from such Lender Party, (e) in connection with any litigation
        or
        proceeding to which such Agent or such Lender Party or any of its Affiliates
        may
        be a party or (f) in connection with the exercise of any right or remedy
        under
        this Agreement or any other Loan Document.

       

      SECTION
        9.11.   Release
        of Collateral.
        Upon
        the sale, lease, transfer or other disposition of any item of Collateral
        of or
        by any Loan Party (including, without limitation, as a result of the sale,
        in
        accordance with the terms of the Loan Documents, of the Loan Party that owns
        such Collateral) in accordance with the terms of the Loan Documents, the
        Collateral Agent will, at the Borrower’s expense, execute and deliver to such
        Loan Party such documents as such Loan Party may reasonably request to evidence
        the release of such item of Collateral from the Liens granted under the
        Collateral Documents in accordance with the terms of the Loan
        Documents.

       

      SECTION
        9.12.   Patriot
        Act Notice.
        Each
        Lender Party and the Administrative Agent (for itself and not on behalf of
        any
        Lender) hereby notifies the Loan Parties that pursuant to the requirements
        of
        the Patriot Act, it is required to obtain, verify and record information
        that
        identifies each Loan Party, which information includes the name and address
        of
        such Loan Party and other information that will allow such Lender or the
        Administrative Agent, as applicable, to identify such Loan Party in accordance
        with the Patriot Act. The Borrower shall, and shall cause each of its
        Subsidiaries to, provide such information and take such actions as are
        reasonably requested by the Administrative Agent or any Lender Party in order
        to
        assist the Administrative Agent and the Lender Parties in maintaining compliance
        with the Patriot Act.

       

      
        
          
          

        

        
          100

          
            

          

        

        
          
          

        

      

      SECTION
        9.13.   Jurisdiction,
        Etc.   (a)
        EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS,
        FOR
        ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF ANY NEW YORK
        STATE
        COURT OR FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN NEW YORK
        CITY,
        AND ANY APPELLATE COURT FROM ANY THEREOF, AND FOR PURPOSES OF ENFORCEMENT
        OF
        COLLATERAL SECURITY OR RELATED MATTERS, THE COURTS OF THE JURISDICTION WHERE
        SUCH COLLATERAL IS LOCATED, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
        RELATING TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS, OR FOR RECOGNITION
        OR
        ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
        AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION
        OR
        PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE
        EXTENT
        PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES
        THAT
        A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND
        MAY BE
        ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER
        PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY RIGHT THAT ANY
        PARTY
        MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT
        OR ANY OTHER LOAN DOCUMENT IN THE COURTS OF ANY OTHER JURISDICTION.

       

      (b)  EACH
        OF
        THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
        FULLEST
        EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW
        OR
        HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING
        OUT OF OR RELATING TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS IN ANY NEW
        YORK
        STATE OR FEDERAL COURT. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES,
        TO
        THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM
        TO THE
        MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

       

      SECTION
        9.14.   GOVERNING
        LAW.
        THIS
        AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
        WITH,
        THE LAWS OF THE STATE OF NEW YORK.

       

       

      
        
          
          

        

        
          101

          
            

          

        

        
          
          

        

      

       

       

      SECTION
        9.15.   WAIVER
        OF JURY TRIAL.
        EACH
        PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
        LAW,
        ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY
        OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
        OR ANY
        OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO
        REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
        OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION,
        SEEK
        TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER
        PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER
        LOAN
        DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
        CERTIFICATIONS IN THIS SECTION 9.15.

       

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

       

       

       

      

         

        CBRL
          GROUP, INC., as Borrower 

         

         

        By:
          /s/ Lawrence E. White 

        Name:
          Lawrence E. White 

        Title:
          Senior Vice President-Finance and Chief Financial Officer 

         

         

        CB
          MUSIC,
          LLC, as a Guarantor 

         

         

        By:
          /s/ N.B. Forrest Shoaf  

        Name:
          N.B. Forrest Shoaf 

        Title:
          Assistant Secretary 

         

         

        CBOCS
          DISTRIBUTION, INC., as a Guarantor 

         

         

        By: 
          /s/N.B. Forrest Shoaf 

        Name:
          N.B. Forrest Shoaf 

        Title:
          Assistant Secretary 

         

         

        CBOCS
          PARTNER I, LLC, as a Guarantor 

         

         

        By: 
          /s/Elizabeth Wilson 

        Name:
          Elizabeth Wilson 

        Title:
          Assistant Secretary 

         

        
          
            
            

          

          
            102

            
              

            

          

          
            
            

          

        

         

        CBOCS
          PARTNER II, LLC, as a Guarantor 

         

         

        By: 
          /s/Elizabeth Wilson 

        Name:
          Elizabeth Wilson 

        Title:
          Secretary 

         

         

        CBOCS
          PENNSYLVANIA, LLC, as a Guarantor 

         

         

        By:
          /s/N.B. Forrest Shoaf 

        Name:
          N.B. Forrest Shoaf 

        Title:
          Assistant Secretary 

         

         

        CBOCS
          PROPERTIES, INC., as a Guarantor 

         

         

        By: 
          /s/Ursula Holmes  

        Name:
          Ursula Holmes 

        Title:
          President 

         

         

        CBOCS
          SUPPLY, INC., as a Guarantor 

         

         

        By: /s/N.B.
          Forrest Shoaf 

        Name:
          N.B. Forrest Shoaf 

        Title:
          Assistant Secretary 

         

         

        CBOCS
          TEXAS LIMITED PARTNERSHIP, as a Guarantor 

         

         

        By:
          CBOCS
          Partner I, LLC, its general partner 

         

         

        By: /s/
          Elizabeth Wilson 

        Name:
          Elizabeth Wilson 

        Title:
          Assistant Secretary 

         

         

         

        
          
            
            

          

          
            103

            
              

            

          

          
            
            

          

        

         

        CBOCS
          WEST, INC., as a Guarantor 

         

         

        By:/s/
          N.B. Forrest Shoaf 

        Name:
          N.B. Forrest Shoaf 

        Title:
          Assistant Secretary 

         

         

        CRACKER
          BARREL OLD COUNTRY STORE, INC., as a Guarantor 

         

         

        By:
          /s/N.B. Forrest Shoaf 

        Name:
          N.B. Forrest Shoaf 

        Title:
          Assistant Secretary 

         

         

        LOGAN’S
          ROADHOUSE, INC., as a Guarantor 

         

         

        By:
          /s/N.B. Forrest Shoaf  

        Name:
          N.B. Forrest Shoaf 

        Title:
          Assistant Secretary 

         

         

        LOGAN’S
          ROADHOUSE OF TEXAS, INC., as a Guarantor 

         

         

        By:
          /s/N.B. Forrest Shoaf 

        Name:
          N.B. Forrest Shoaf 

        Title:
          Assistant Secretary 

         

         

        ROCKING
          CHAIR, INC., as a Guarantor 

         

         

        By: 
          /s/Elizabeth Wilson  

        Name:
          Elizabeth Wilson 

        Title:
          Assistant Secretary 

         

         

        
          
            
            

          

          
            104

            
              

            

          

          
            
            

          

        

        
        

         

        WACHOVIA
          BANK, NATIONAL ASSOCIATION, as Administrative Agent, Collateral Agent,
          Issuing
          Bank, Swing Line Bank and Lender 

         

         

        By: 
          /s/Richard DiDonato  

        Name:
          Richard DiDonato

        Title:
          Managing Director

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

        
        

         

         

        

         

         

        All
          schedules and exhibits of this Credit Agreement have been excluded from
          this
          exhibit due to immateriality. 

         

         

        
        

         

      

      
        
          
          

        

        
          105

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]