Document:

EX-10.3

 

Exhibit 10.3

TERMINATION AGREEMENT

          This Termination Agreement (“Termination Agreement”) is made this 23rd day of June,
2006 by and between BPI Energy, Inc., for itself and as successor by merger or otherwise to Methane
Management, Inc. and BPI Industries, Inc., (“BPI”), Colt LLC (“Colt”), AFC Coal Properties, Inc.
(“AFC”), American Premier Underwriters, Inc. (“APU”), and Central States Coal Reserves of Illinois,
LLC, for itself and its predecessor Peabody Development Land Holdings, LLC (collectively “Central
States”) (BPI, Colt, AFC, APU, and Central States collectively, the “Parties”).

RECITALS

          WHEREAS, each of the Parties or their predecessors in interest is or was a party to that
certain Oil, Gas and Coal Bed, Methane Gas Lease dated April 3, 2001, as amended (the “Methane
Lease”); and

          WHEREAS, each of the Parties acknowledges that the Methane Lease has lapsed and terminated,
and forever discharge and release each of the other Parties from any and all obligations
thereunder.

          NOW THEREFORE, in consideration of the mutual promises contained herein, the benefits to be
derived by each party hereunder and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each of the Parties agree as follows:

	 	1.	 	Termination. Each Party acknowledges, on behalf of itself and its successors
and assigns, that the Methane Lease has lapsed and terminated, and hereby forever
discharges and releases each of the other Parties from any and all obligations thereunder.
	 
	 	2.	 	Recordation. The Methane Lease is of record as follows:

Williamson County, Illinois—March 22, 2002, in Miscellaneous Record 267, page 865

Saline County, Illinois—March 21, 2002, in Book 1529, page 187

Franklin County, Illinois—May 9, 2002, as Document No. 2002-003098
and this Termination Agreement shall be recorded in each of the above listed counties.

	 	3.	 	Context. This Termination Agreement is an integral part of that certain
Settlement and Mutual Release Agreement by and between the Parties dated of even herewith.
The terms and provisions of this Termination Agreement are supplemented by and are to be
read in the context of the Settlement and Mutual Release Agreement.
	 
	 	4.	 	Representations and Warranties. Each party hereto represents and warrants to
each of the other parties hereto as follows:

 

 

	 	a.	 	Such party is a corporation or limited liability company, as the case
may be, duly organized and validly existing under the laws of the state of its
incorporation and has the full legal right, power and authority to conduct its
business, to own its properties and to execute, deliver and perform its obligations
under this Termination Agreement.
	 
	 	b.	 	The execution, delivery and performance by such a party of this
Termination Agreement has been duly authorized by all necessary corporate action,
and does not and will not:

	 	i.	 	require any consent or approval of such party’s
Board of Directors or Members, as the case may be, which has not been
obtained, and each such consent and approval that has been obtained is in
full force and effect;
	 
	 	ii.	 	violate any provision of any law, rule, regulation,
order, writ, judgment, injunction, decree, determination, or award having
applicability to such party, the violation of which could reasonably be
expected to have a material adverse effect on the ability of such party
to perform its obligations under this Termination Agreement;
	 
	 	iii.	 	result in a breach of or constitute a default under
any provision of the organizational documents or bylaws/operating
agreement of such party; or
	 
	 	iv.	 	result in a breach of or constitute a default under
any agreement relating to the management or affairs of such party or any
indenture or loan or credit agreement or any other agreement, lease, or
instrument to which such a party is a party or by which such party or its
properties or assets may be bound or affected, the breach or default of
which could reasonably be expected to have material adverse effect on the
ability of such party to perform its obligations under this Termination
Agreement, if any, to which it is a party.

	 	c.	 	This Termination Agreement constitutes a legal, valid and binding
obligation of such party and is enforceable against such party in accordance with
their terms.
	 
	 	d.	 	The promises, covenants and agreements of such party expressly set
forth in this Termination Agreement constitute the only consideration given by such
party for the promises, covenants and agreements of the other parties expressly set
forth in this Termination Agreement.

	 	5.	 	Miscellaneous. This Termination Agreement shall be binding upon and inure to
the benefit of the Parties hereto and their respective successors and assigns. No party
hereto may assign its rights or obligations hereunder without the express prior written
consent of all of the other Parties hereto. This Termination Agreement may not be amended or modified in any manner whatsoever, except in a writing signed by all the

 

 

	 	 	 	
Parties hereto. This Termination Agreement shall be governed by and construed in
accordance with the laws of the State of Illinois, except for any such laws that might
refer the governance or construction of this Termination Agreement to the laws of
another state or county. This Termination Agreement may be executed in multiple
counterparts, all of which, taken together, shall be deemed to be one instrument.

          IN WITNESS WHEREOF, each of the Parties has executed this Termination Agreement as of the date
first above mentioned.

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	COLT, LLC	 	 
	 
	 	 	 	 
	 

	 	/s/ James Morris	 	 
	 

	 	 	 	 
	 

	 	James Morris, Authorized Representative	 	 
	 
	 	 	 	 
	 

	 	BPI INDUSTRIES, INC.	 	 
	 
	 	 	 	 
	 

	 	/s/ James Azlein	 	 
	 

	 	 	 	 
	 

	 	James Azlein, Chief Executive Officer and President	 	 
	 
	 	 	 	 
	 

	 	AFC COAL PROPERTIES, INC.	 	 
	 
	 	 	 	 
	 

	 	/s/ Joseph D. Stelzer	 	 
	 

	 	 	 	 
	 

	 	Joseph D. Stelzer	 	 
	 

	 	Authorized representative for	 	 
	 
	 	 	 	 
	 

	 	ATTEST:	 	 
	 
	 	 	 	 
	 

	 	/s/ James C. Kennedy	 	 
	 

	 	 	 	 
	 

	 	James C. Kennedy	 	 
	 

	 	Secretary	 	 
	 
	 	 	 	 
	 

	 	AMERICAN PREMIER UNDERWRITERS, INC.	 	 
	 
	 	 	 	 
	 

	 	/s/ Joseph D. Stelzer	 	 
	 

	 	 	 	 
	 

	 	Joseph D. Stelzer	 	 
	 

	 	Authorized representative for	 	 

 

 

	 	 	 	 	 
	 

	 	ATTEST:	 	 
	 
	 	 	 	 
	 

	 	/s/ James C. Kennedy	 	 
	 

	 	 	 	 
	 

	 	James C. Kennedy	 	 
	 

	 	Secretary	 	 
	 
	 	 	 	 
	 

	 	Central States Coal Reserves of Illinois, LLC	 	 
	 
	 	 	/s/
James C. Sevem	 
	 	 	James C. Sevem, Authorized Representative 	 
	 	 	 

 

 

	 	 	 
	STATE OF ILLINOIS
	 	)
	 
	 	)
	COUNTY OF WILLIAMSON
	 	)

          I, the undersigned, a Notary Public, in and for said County and State aforesaid, do hereby
certify that James Morris personally known to me to be the Authorized Representative of COLT, LLC,
and COLT LAND COMPANY, LLC, a West Virginia limited liability company, and personally known to me
to be the same person(s) whose name(s) is (are) subscribed to the foregoing instrument, appeared
before me this day in person and severally acknowledged that as such
representatives/manager(s)/member(s) he signed and delivered the said instrument for the limited
liability company as its free and voluntary act, and as the free and voluntary act of said limited
liability company, for the uses and purposes therein set forth.

          Given under my hand and seal this 23rd day of June, 2006.

	 	 	 	 	 
	 

	 	 	 	 
	My commission expires:
	 	 	 	 
	 

	 	/s/ Michael A. McKelvy	 	 
	 

	 	 	 	 
	 

	 	Notary Public	 	 

 

 

	 	 	 
	STATE OF ILLINOIS
	 	)
	 
	 	)
	COUNTY OF WILLIAMSON
	 	)

          I, the undersigned, a Notary Public, in and for said County and State aforesaid, do hereby
certify that James Azlein personally known to me to be the CEO & President of BPI ENERGY, INC, a
Nevada corporation, and personally known to me to be the same person(s) whose name(s) is (are)
subscribed to the foregoing instrument, appeared before me this day in person acknowledged that as
such representatives/officer he signed and delivered the said instrument for the corporation as his
free and voluntary act, and as the free and voluntary act of said corporation, for the uses and
purposes therein set forth.

          Given under my hand and seal this 23rd day of June, 2006.

	 	 	 	 	 
	 

	 	 	 	 
	My commission expires:
	 	 	 	 
	 

	 	/s/ Michael A. McKelvy	 	 
	 

	 	 	 	 
	 

	 	Notary Public	 	 

 

 

	 	 	 
	STATE OF OHIO
	 	)
	 
	 	) :ss
	COUNTY OF HAMILTON
	 	)

BEFORE ME, a Notary Public in and for the State and County aforesaid, personally appeared Joseph D.
Stelzer and James C. Kennedy, known to me to be the Vice President and Secretary respectively, of
AMERICAN PREMIER UNDERWRITERS, INC., and AFC COAL PROPERTIES, INC., the corporations which executed
the foregoing instrument, and they did acknowledge that they did sign said instrument in the name
and on behalf of the corporations, that the same is their free act and deed as such officers and
the free act and deed of said corporations, duly authorized by their Boards of Directors, and that
the seals affixed to said instrument are the corporate seals of said corporations.

IN TESTIMONY WHEREOF, I have hereunto set my hand and notarial seal at Cincinnati, Ohio this
23rd day of June, 2006.

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	/s/ Charlotte A. Creech	 	 
	 

	 	 	 	 
	 

	 	Notary Public	 	 

 

 

	 	 	 	 	 	 	 
	STATE OF	 	)	 	 	 	 
	 
	 	)	 	 	 	 
	COUNTY OF
	 	)	 	 	 	 

          I, the undersigned, a Notary Public, in and for said County and State aforesaid, do hereby
certify that James C. Sevem personally known to me to be the Vice
President of
Central States Coal Reserves of Illinois, LLC, a Delaware limited liability company, and
personally known to me to be the same person(s) whose name(s) is (are) subscribed to the foregoing
instrument, appeared before me this day in person and severally acknowledged that as such
representatives/manager(s)/member(s) he signed and delivered the said instrument for the limited
liability company as its free and voluntary act, and as the free and voluntary act of said limited
liability company, for the uses and purposes therein set forth.

          Given
under my hand and seal this 26th day of June, 2006.

	 	 	 	 	 
	 

	 	 	 	 
	My
commission expires: February 6, 2009
	 	 	 	 
	 

	 	/s/ Karen M. Sensel	 	 
	 

	 	 	 	 
	 

	 	Notary Public	 	 

PREPARED BY:

TERRY R. BLACK

Campbell, Black, Carnine, Hedin, Ballard & MacDonald

108 South Ninth Street

P.O. Drawer C

Mt. Vernon, IL 62864Credit Agreement dated as of June 21, 2006

     

    
      

      

    
      Published
        CUSIP Number: 15671FAA0

    

     

     

    CREDIT
      AGREEMENT

     

    Dated
      as
      of June 21, 2006,

     

    among

     

    CENVEO
      CORPORATION,

    as
      Borrower,

     

    CENVEO,
      INC.,

    as
      a
      Guarantor,

     

    BANK
      OF
      AMERICA, N.A.,

    as
      Administrative Agent, Swing Line Lender and

    L/C
      Issuer,

     

    LEHMAN
      COMMERCIAL PAPER INC.,

    as
      Syndication Agent,

     

    GENERAL
      ELECTRIC CAPITAL CORPORATION,

    JPMORGAN
      CHASE BANK, N.A.

    CITIBANK
      N.A.,

    and
      

    WACHOVIA
      BANK, NATIONAL ASSOCIATION,

    as
      Co-Documentation Agents,

     

    and

     

    the
      other
      lenders party hereto

     

     

    BANC
      OF
      AMERICA SECURITIES LLC,

    and

    LEHMAN
      BROTHERS INC.,

    as
      Joint
      Lead Arrangers and Joint Book Managers

     

    
      

      

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    

      TABLE
        OF CONTENTS

      

      
        	
                Section

              	 	
                Page

              
	
                 

                ARTICLE
                  I

                DEFINITIONS
                  AND ACCOUNTING TERMS

              
	
                 

                1.01 
                  Defined
                  Terms

              	
                 

                1

              
	
                1.02 
                  Other
                  Interpretive Provisions

              	
                31

              
	
                1.03 
                  Accounting
                  Terms.

              	
                32

              
	
                1.04 
                  Rounding

              	
                33

              
	
                1.05 
                  Times
                  of Day

              	
                34

              
	
                1.06 
                  Letter
                  of Credit Amounts

              	
                34

              
	
                 

                ARTICLE
                  II

                THE
                  COMMITMENTS AND CREDIT
                  EXTENSIONS

              
	
                 

                2.01 
                  The
                  Loans.

              	
                 

                34

              
	
                2.02 
                  Borrowings,
                  Conversions and Continuations of Loans

              	
                35

              
	
                2.03 
                  Letters
                  of Credit

              	
                37

              
	
                2.04 
                  Swing
                  Line Loans

              	
                46

              
	
                2.05 
                  Prepayments

              	
                49

              
	
                2.06 
                  Termination
                  or Reduction of Commitments

              	
                52

              
	
                2.07 
                  Repayment
                  of Loans

              	
                53

              
	
                2.08 
                  Interest

              	
                54

              
	
                2.09 
                  Fees

              	
                55

              
	
                2.10 
                  Computation
                  of Interest and Fees

              	
                55

              
	
                2.11 
                  Evidence
                  of Debt

              	
                55

              
	
                2.12 
                  Payments
                  Generally; Administrative Agent’s Clawback

              	
                56

              
	
                2.13 
                  Sharing
                  of Payments by Lenders

              	
                58

              
	
                2.14 
                  Increase
                  in Term Facility

              	
                59

              
	
                 

                ARTICLE
                  III

                Taxes,
                  Yield Protection And
                  Illegality

              
	
                 

                3.01 
                  Taxes

              	
                 

                62

              
	
                3.02 
                  Illegality

              	
                64

              
	
                3.03 
                  Inability
                  to Determine Rates

              	
                64

              
	
                3.04 
                  Increased
                  Costs; Reserves on Eurodollar Rate Loans

              	
                64

              
	
                3.05 
                  Compensation
                  for Losses

              	
                66

              

      

       

       

        
          
            
              
              

            

            
              i

              
                

              

            

            
              
              

            

          

        

         

      

      
        	
                3.06 
                  Mitigation
                  Obligations; Replacement of Lenders

              	
                67

              
	
                3.07 
                  Survival

              	
                67

              
	
                 

                ARTICLE
                  IV

                CONDITIONS
                  PRECEDENT TO CREDIT
                  EXTENSIONS

              
	
                 

                4.01 
                  Conditions
                  of Initial Credit Extension

              	
                 

                67

              
	
                4.02 
                  Conditions
                  to all Credit Extensions

              	
                73

              
	
                 

                ARTICLE
                  V

                REPRESENTATIONS
                  AND WARRANTIES

              
	
                 

                5.01 
                  Existence,
                  Qualification and Power

              	
                 

                73

              
	
                5.02 
                  Authorization;
                  No Contravention

              	
                74

              
	
                5.03 
                  Governmental
                  Authorization; Other Consents

              	
                74

              
	
                5.04 
                  Binding
                  Effect

              	
                74

              
	
                5.05 
                  Financial
                  Statements; No Material Adverse Effect; No Internal Control
                  Event

              	
                74

              
	
                5.06 
                  Litigation

              	
                75

              
	
                5.07 
                  No
                  Default

              	
                75

              
	
                5.08 
                  Ownership
                  of Property; Liens; Investments

              	
                76

              
	
                5.09 
                  Environmental
                  Compliance

              	
                76

              
	
                5.10 
                  Insurance

              	
                77

              
	
                5.11 
                  Taxes

              	
                77

              
	
                5.12 
                  ERISA
                  Compliance

              	
                78

              
	
                5.13 
                  Subsidiaries;
                  Equity Interests; Loan Parties

              	
                78

              
	
                5.14 
                  Margin
                  Regulations; Investment Company Act

              	
                79

              
	
                5.15 
                  Disclosure

              	
                79

              
	
                5.16 
                  Compliance
                  with Laws

              	
                79

              
	
                5.17 
                  Intellectual
                  Property; Licenses, Etc

              	
                79

              
	
                5.18 
                  Solvency

              	
                80

              
	
                5.19 
                  Casualty,
                  Etc

              	
                80

              
	
                5.20 
                  Labor
                  Matters

              	
                80

              
	
                5.21 
                  Collateral
                  Documents

              	
                80

              
	
                 

                ARTICLE
                  VI

                AFFIRMATIVE
                  COVENANTS

              
	
                 

                6.01 
                  Financial
                  Statements

              	
                 

                80

              
	
                6.02 
                  Certificates;
                  Other Information

              	
                81

              

      

       

      
        
          
            
              
                
                

              

              
                ii

                
                  

                

              

              
                
                

              

            

          

           

        

      

       

      
        	
                6.03 
                  Notices

              	
                84

              
	
                6.04 
                  Payment
                  of Obligations

              	
                85

              
	
                6.05 
                  Preservation
                  of Existence, Etc

              	
                85

              
	
                6.06 
                  Maintenance
                  of Properties

              	
                85

              
	
                6.07 
                  Maintenance
                  of Insurance

              	
                86

              
	
                6.08 
                  Compliance
                  with Laws

              	
                86

              
	
                6.09 
                  Books
                  and Records

              	
                86

              
	
                6.10 
                  Inspection
                  Rights

              	
                86

              
	
                6.11 
                  Use
                  of Proceeds

              	
                86

              
	
                6.12 
                  Covenant
                  to Guarantee Obligations and Give Security

              	
                86

              
	
                6.13 
                  Compliance
                  with Environmental Laws

              	
                90

              
	
                6.14 
                  Preparation
                  of Environmental Reports

              	
                90

              
	
                6.15 
                  Further
                  Assurances

              	
                91

              
	
                6.16 
                  Compliance
                  with Terms of Leaseholds

              	
                91

              
	
                6.17 
                  Interest
                  Rate Hedging

              	
                91

              
	
                6.18 
                  Material
                  Contracts

              	
                91

              
	
                6.19 
                  Designation
                  as Senior Debt

              	
                92

              
	
                6.20 
                  Cash
                  Collateral Accounts

              	
                92

              
	
                 

                ARTICLE
                  VII

                NEGATIVE
                  COVENANTS

              
	
                 

                7.01 
                  Liens

              	
                 

                92

              
	
                7.02 
                  Indebtedness

              	
                93

              
	
                7.03 
                  Investments

              	
                95

              
	
                7.04 
                  Fundamental
                  Changes

              	
                97

              
	
                7.05 
                  Dispositions

              	
                97

              
	
                7.06 
                  Restricted
                  Payments

              	
                98

              
	
                7.07 
                  Change
                  in Nature of Business

              	
                99

              
	
                7.08 
                  Transactions
                  with Affiliates

              	
                99

              
	
                7.09 
                  Burdensome
                  Agreements

              	
                99

              
	
                7.10 
                  Use
                  of Proceeds

              	
                100

              
	
                7.11 
                  Financial
                  Covenants

              	
                100

              
	
                7.12 
                  Capital
                  Expenditures

              	
                100

              
	
                7.13 
Amendments
                  of Organization
                  Documents

              	
                101

              

      

      
         

      

      
        
          
            
              
              

            

            
              iii

              
                

              

            

            
              
              

            

          

        

         

         

      

      
        	
                7.14 
                  Accounting
                  Changes

              	
                101

              
	
                7.15 
                  Prepayments,
                  Etc. of Indebtedness

              	
                101

              
	
                7.16 
                  Amendment,
                  Etc. of Related Documents and Indebtedness

              	
                102

              
	
                7.17 
                  Holding
                  Company

              	
                102

              
	
                7.18 
                  Designation
                  of Senior Debt

              	
                102

              
	
                 

                ARTICLE
                  VIII

                EVENTS
                  OF DEFAULT AND REMEDIES

              
	
                 

                8.01 
                  Events
                  of Default

              	
                 

                103

              
	
                8.02 
                  Remedies
                  upon Event of Default

              	
                105

              
	
                8.03 
                  Application
                  of Funds

              	
                106

              
	
                 

                ARTICLE
                  IX

                ADMINISTRATIVE
                  AGENT

              
	
                 

                9.01 
                  Appointment
                  and Authority

              	
                 

                107

              
	
                9.02 
                  Rights
                  as a Lender

              	
                107

              
	
                9.03 
                  Exculpatory
                  Provisions

              	
                107

              
	
                9.04 
                  Reliance
                  by Administrative Agent

              	
                108

              
	
                9.05 
                  Delegation
                  of Duties

              	
                109

              
	
                9.06 
                  Resignation
                  of Administrative Agent

              	
                109

              
	
                9.07 
                  Non-Reliance
                  on Administrative Agent and Other Lenders

              	
                110

              
	
                9.08 
                  No
                  Other Duties, Etc

              	
                110

              
	
                9.09 
                  Administrative
                  Agent May File Proofs of Claim

              	
                110

              
	
                9.10 
                  Collateral
                  and Guaranty Matters

              	
                111

              
	
                 

                ARTICLE
                  X

                CONTINUING
                  GUARANTY

              
	
                 

                10.01 
                  Guaranty

              	
                 

                112

              
	
                10.02 
                  Rights
                  of Lenders

              	
                112

              
	
                10.03 
                  Certain
                  Waivers

              	
                112

              
	
                10.04 
                  Obligations
                  Independent

              	
                113

              
	
                10.05 
                  Subrogation

              	
                113

              
	
                10.06 
                  Termination;
                  Reinstatement

              	
                113

              
	
                10.07 
                  Subordination

              	
                113

              
	
                10.08 
                  Stay
                  of Acceleration

              	
                114

              
	
                10.09 
                  Condition
                  of Borrower

              	
                114

              

      

       

      
        
          
            
              
              

            

            
              iv

              
                

              

            

            
              
              

            

          

        

         

         

      

      
        	
                10.10 
                  Additional
                  Guarantor Waivers and Agreements

              	
                114

              
	
                 

                ARTICLE
                  XI

                MISCELLANEOUS

              
	
                 

                11.01 
                  Amendments,
                  Etc

              	
                 

                115

              
	
                11.02 
                  Notices;
                  Effectiveness; Electronic Communications

              	
                117

              
	
                11.03 
                  No
                  Waiver; Cumulative Remedies

              	
                119

              
	
                11.04 
                  Expenses;
                  Indemnity; Damage Waiver

              	
                119

              
	
                11.05 
                  Payments
                  Set Aside

              	
                121

              
	
                11.06 
                  Successors
                  and Assigns

              	
                121

              
	
                11.07 
                  Treatment
                  of Certain Information; Confidentiality

              	
                126

              
	
                11.08 
                  Right
                  of Setoff

              	
                126

              
	
                11.09 
                  Interest
                  Rate Limitation

              	
                127

              
	
                11.10 
                  Counterparts;
                  Effectiveness

              	
                127

              
	
                11.11 
                  Survival
                  of Representations and Warranties

              	
                127

              
	
                11.12 
                  Severability

              	
                128

              
	
                11.13 
                  Replacement
                  of Lenders

              	
                128

              
	
                11.14 
                  Governing
                  Law; Jurisdiction; Etc

              	
                128

              
	
                11.15 
                  Waiver
                  of Jury Trial

              	
                129

              
	
                11.16 
                  California
                  Judicial Reference

              	
                130

              
	
                11.17 
                  No
                  Advisory or Fiduciary Responsibility

              	
                130

              
	
                11.18 
                  USA
                  PATRIOT Act Notice

              	
                131

              
	
                11.19 
                  Time
                  of the Essence

              	
                131

              
	
                11.20 
                  ENTIRE
                  AGREEMENT

              	
                131

              
	
                11.21 
                  Amendment
                  and Restatement

              	
                131

              
	
                11.22 
                  Designated
                  Senior Debt

              	
                132

              
	
                 

                SIGNATURES

              	
                 

                S-1

              

      

      
        
          
            
              
              

            

            
              v

              
                

              

            

            
              
              

            

          

        

         

         

      

      
        	
                SCHEDULES

              	 	 
	
                1.01

              	 	
                Existing
                  Letters of Credit

              
	
                1.02

              	 	
                Material
                  Contracts

              
	
                2.01

              	 	
                Commitments
                  and Applicable Percentages 

              
	
                5.06

              	 	
                Litigation

              
	
                5.08(b)

              	 	
                Existing
                  Liens

              
	
                5.08(c)

              	 	
                Owned
                  Real Property

              
	
                5.08(d)(i)

              	 	
                Leased
                  Real Property (Lessee)

              
	
                5.08(d)(ii)

              	 	
                Leased
                  Real Property (Lessor)

              
	
                5.08(e)

              	 	
                Existing
                  Investments

              
	
                5.09

              	 	
                Environmental
                  Matters

              
	
                5.13

              	 	
                Subsidiaries
                  and Other Equity Investments; Loan Parties

              
	
                5.17

              	 	
                Intellectual
                  Property Matters

              
	
                5.20

              	 	
                Labor
                  Matters

              
	
                6.12

              	 	
                Guarantors

              
	
                7.02

              	 	
                Existing
                  Indebtedness

              
	
                7.09

              	 	
                Existing
                  Burdensome Agreements

              
	
                11.02

              	 	
                Administrative
                  Agent’s Office, Certain Addresses for Notices

              
	
                11.06

              	 	
                Processing
                  and Recordation Fees

              
	 	 	 
	
                EXHIBITS

              	 	 
	
                Form
                  of

              	 	 
	 	 	 
	
                A

              	
                -

              	
                Loan
                  Notice 

              
	
                B

              	
                -

              	
                Swing
                  Line Loan Notice

              
	
                C-1

              	
                -

              	
                Term
                  Note

              
	
                C-2

              	
                -

              	
                Revolving
                  Credit Note

              
	
                D

              	
                -

              	
                Compliance
                  Certificate

              
	
                E

              	
                -

              	
                Assignment
                  and Assumption

              
	
                F

              	
                -

              	
                Guaranty

              
	
                G

              	
                -

              	
                Security
                  Agreement

              
	
                H

              	
                -

              	
                Mortgage

              
	
                I

              	
                -

              	
                Intellectual
                  Property Security Agreement

              
	
                J-1

              	
                -

              	
                Opinion
                  Matters - General Counsel to Holdings

              
	
                J-2

              	
                -

              	
                Opinion
                  Matters - Special New York Counsel to Loan Parties

              
	
                K

              	
                -

              	
                Joinder
                  Agreement

              
	
                L

              	
                -

              	
                Additional
                  Term Lender Joinder

              
	 	 	 

      

    

     

    
      
        
          
            
            

          

          
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            Table
              of Contents 

          

        

      

       

      CREDIT
        AGREEMENT

    

     

    This
      CREDIT AGREEMENT (“Agreement”)
      is
      entered into as of June 21,
      2006,
      among CENVEO CORPORATION, a Delaware
      corporation (the “Borrower”),
      CENVEO, INC., a Colorado corporation (“Holdings”),
      each
      lender from time to time party hereto (collectively, the “Lenders”
and
      individually, a “Lender”),
      and
      BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C
      Issuer.

     

    PRELIMINARY
      STATEMENTS:

     

    The
      Borrower, Holdings, certain of the Lenders and Bank of America, N.A., as
      administrative agent for such lenders, are parties to the Existing Credit
      Agreement (defined below) pursuant to which certain revolving credit and letter
      of credit facilities have been made available to the Borrower.

     

    The
      Borrower has requested that the Lenders amend and restate the Existing Credit
      Agreement to provide a term B loan facility and to continue to provide a
      revolving credit facility, and the Lenders have indicated their willingness
      to
      provide the term B loan facility and to continue to lend revolving loans and
      the
      L/C Issuer has indicated its willingness to continue to issue Letters of Credit,
      in each case, on the terms and subject to the conditions set forth
      herein.

     

    In
      consideration of the mutual covenants and agreements herein contained, the
      Existing Credit Agreement is hereby amended and restated in its entirety and
      the
      parties hereto covenant and agree as follows:

     

    ARTICLE
      I  

    DEFINITIONS
      AND ACCOUNTING TERMS

     

    1.01  Defined
      Terms.
      As used
      in this Agreement, the following terms shall have the meanings set forth
      below:

     

    “Account
      Control Agreements”
has
      the
      meaning specified in the Security Agreement.

     

    “Acquisition”,
      by any
      Person, means the purchase or acquisition in a single transaction or a series
      of
      related transactions by any such Person, individually or, together with its
      Affiliates, of (a) any Equity Interest of any other Person (other than an
      existing Subsidiary of the Borrower) which are sufficient such that such other
      Person becomes a direct or indirect Subsidiary of the Borrower or (b) all or
      a
      substantial portion of the Property, including, without limitation, all or
      a
      substantial portion of the property comprising a division, business unit or
      line
      of business, of any other Person (other than a Subsidiary of the Borrower),
      whether involving a merger or consolidation with such other Person.
“Acquire”
has
      a
      meaning correlative thereto.

     

    “Acquisition
      Debt”
means
      Indebtedness permitted under Section
      7.02(j)
      the
      proceeds of which are paid within ten (10) days of the incurrence thereof as
      part of the consideration in connection with an acquisition or purchase
      permitted under Section
      7.03(h).

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
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    “Additional
      Term Borrowing”
means
      a
      borrowing consisting of simultaneous Additional Term Loans of the same Type
      and,
      in the case of Eurodollar Rate Loans, having the same Interest Period made
      by
      each of the Additional Term Lenders and/or existing Lenders pursuant to the
      applicable Credit Agreement Supplement establishing the applicable Additional
      Term Facility.

     

    “Additional
      Term Commitment”
means,
      each Additional Term Lender’s and/or existing Lender’s obligation to make
      Additional Term Loans to the Borrower pursuant to Section
      2.14
      and any
      applicable Credit Agreement Supplement in an aggregate principal amount at
      any
      one time outstanding not to exceed the amount set forth in the applicable Credit
      Agreement Supplement, as such amount may be adjusted from time to time in
      accordance with this Agreement.

     

    “Additional
      Term Facility”
has
      the
      meaning specified in Section
      2.14.

     

    “Additional
      Term Lender”
has
      the
      meaning specified in Section
      2.14.

     

    “Additional
      Term Loan”
means
      an advance made by any Additional Term Lender and/or any existing Lender under
      an Additional Term Facility.

     

    “Additional
      Term Note”
means
      a
      promissory note made by the Borrower in favor of an Additional Term Lender
      and/or existing Lender evidencing Additional Term Loans made by such Lender,
      substantially in the form of Exhibit C-1.

     

    “Administrative
      Agent”
means
      Bank of America in its capacity as administrative agent under any of the Loan
      Documents, or any successor administrative agent.

     

    “Administrative
      Agent’s Office”
means
      the Administrative Agent’s address and, as appropriate, account as set forth on
Schedule
      11.02,
      or such
      other address or account as the Administrative Agent may from time to time
      notify to the Borrower and the Lenders.

     

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

     

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

     

    “Aggregate
      Commitments”
means
      the Commitments of all the Lenders.

     

    “Aggregate
      Credit Exposures”
means,
      at any time, in respect of (a) the Term B Facility, the aggregate
      amount of the Term B Loans outstanding at such time, (b) any Additional
      Term Facility, the aggregate amount of Additional Term Loans outstanding at
      such time under such Additional Term Facility and (c) the Revolving Credit
      Facility, the sum of (i) the unused portion of the Revolving Credit Facility
      at
      such time and (ii) the Total Revolving Credit Outstandings at such
      time.

     

    “Agreement”
means
      this Credit Agreement.

     

    
      
        
          
          

        

        
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    “Applicable
      Commitment Fee Percentage”
means,
      at any time, in respect of the Revolving Credit Facility, (a) from the Closing
      Date to the date on which the Administrative Agent receives a Compliance
      Certificate pursuant to Section
      6.02(b)
      for the
      fiscal quarter ending December 31, 2006,
      0.375%
      per annum and (b) thereafter, the applicable percentage per annum set forth
      below determined by reference to the Consolidated Leverage Ratio as set forth
      in
      the most recent Compliance Certificate received by the Administrative Agent
      pursuant to Section 6.02(b):

     

    
      	
              Applicable
                Commitment Fee Percentage

            
	
              Pricing
                Level

            	
              Consolidated
                Leverage Ratio

            	
              Commitment

              Fee

            
	
              1

            	
               >5.00:1

            	
              0.500%

            
	
              2

            	
              >
                4.00:1 but< 5.00:1

            	
              0.375%

            
	
              3

            	
              >
                3.00.1 but< 4.00:1

            	
              0.375%

            
	
              4

            	
              <
                3.00:1

            	
              0.250%

            

    

    

    Any
      increase or decrease in the Applicable Commitment Fee Percentage resulting
      from
      a change in the Consolidated Leverage Ratio shall become effective as of the
      first Business Day immediately following the date a Compliance Certificate
      is
      delivered pursuant to Section 6.02(b);
      provided,
      however,
      that if
      a Compliance Certificate is not delivered when due in accordance with such
      Section, then Pricing Level 1 shall apply as of the first Business Day
      after the date on which such Compliance Certificate was required to have been
      delivered (provided, that on the first Business Day immediately following the
      date on which such Compliance Certificate is delivered to the Administrative
      Agent, any such increase or decrease in the Applicable Commitment Fee Percentage
      resulting from a change in the Consolidated Leverage Ratio shall become
      effective).

     

    “Applicable
      Percentage”
means
      (a) in respect of the Term B Facility, with respect to any Term B
      Lender at any time, the percentage (carried out to the ninth decimal place)
      of
      the Term B Facility represented by (i) on or prior to the Closing
      Date, such Term B Lender’s Term B Commitment at such time and
      (ii) thereafter, the principal amount of such Term B Lender’s
      Term B Loans at such time, (b) in respect of any Additional Term Facility,
      with respect to any Term Lender at any time, the percentage (carried out to
      the
      ninth decimal place) of such Additional Term Facility represented by (i) on
      or
      prior to the date of funding any such Additional Term Loans, such Term Lender’s
      Additional Term Commitment with respect to such Additional Term Loan at such
      time and (ii) thereafter, the outstanding principal amount of such Additional
      Term Loans made by such Term Lender at such time and (c) in respect of the
      Revolving Credit Facility, with respect to any Revolving Credit Lender at any
      time, the percentage (carried out to the ninth decimal place) of the Revolving
      Credit Facility represented by such Revolving Credit Lender’s Revolving Credit
      Commitment at such time. If the commitment of each Revolving Credit Lender
      to
      make Revolving Credit Loans and the obligation of the L/C Issuer to make L/C
      Credit Extensions have been terminated pursuant to Section
      8.02,
      or if
      the Revolving Credit Commitments have expired, then the Applicable Percentage
      of
      each Revolving Credit Lender in respect of the Revolving Credit Facility shall
      be determined based on the Applicable Percentage of such Revolving Credit Lender
      in respect of the Revolving Credit Facility most recently in effect, giving
      effect to any subsequent assignments. The initial Applicable Percentage of
      each

     

    

    
      
        
          
          

        

        
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    Lender
      in
      respect of each Facility is set forth opposite the name of such Lender on
Schedule
      2.01
      or in
      the Assignment and Assumption or Credit Agreement Supplement pursuant to which
      such Lender becomes a party hereto, as applicable.

     

    “Applicable
      Rate”
means
      

     

    (a) 
      in respect of the Revolving Credit Facility, (i) from the Closing Date to
      the date on which the Administrative Agent receives a Compliance Certificate
      pursuant to Section
      6.02(b)
      for the
      fiscal quarter ending December 31, 2006, 0.75% per annum for Base Rate Loans
      and
      1.75% per annum for Eurodollar Rate Loans and (ii) thereafter, the
      applicable percentage per annum set forth below determined by reference to
      the
      Consolidated Leverage Ratio as set forth in the most recent Compliance
      Certificate received by the Administrative Agent pursuant to Section 6.02(b):

     

    
      	
              Applicable
                Rate

            
	
              Pricing
                Level

            	
              Consolidated
                Leverage Ratio

            	
              Eurodollar
                Rate

              (Letters
                of Credit)

            	
              Base
                Rate 

            
	
              1

            	
               >5.00:1

            	
              2.00%

            	
              1.00%

            
	
              2

            	
              >
                4.00:1 but< 5.00:1

            	
              1.75%

            	
              0.75%

            
	
              3

            	
              >
                3.00:1 but< 4.00:1

            	
              1.50%

            	
              0.50%

            
	
              4

            	
              <
                3.00:1

            	
              1.25%

            	
              0.25%

            

    

     

    (b) 
      in respect of the Term B Facility, the applicable percentage per annum set
      forth below determined by reference to S&P’s corporate credit rating of
      Holdings and Moody’s corporate family rating of the Borrower (the “Ratings”):

     

    
      	
              Applicable
                Rate

            
	
              Pricing
                Level

            	
              Ratings
                

              S&P\Moody’s

            	
              Eurodollar
                Rate

            	
              Base
                Rate

            
	
              1

            	
              less
                than 

              B+/Ba3

            	
              2.00%

            	
              1.00%

            
	
              2

            	
              B+/Ba3

              or
                better

            	
              1.75%

            	
              0.75%

            

    

     

    ;
      provided,
      that if
      only one or no Rating is issued, then Pricing Level 1 shall apply.

     

    (c)
      in
      respect of any Additional Term Loan, as set forth in the applicable Credit
      Agreement Supplement establishing such Additional Term Loan.

     

    Any
      increase or decrease in the Applicable Rate resulting from a change in the
      Consolidated Leverage Ratio shall become effective as of the first Business
      Day
      immediately following the date a Compliance Certificate is delivered pursuant
      to
Section
      6.02(b);
      provided,
      however,
      that if
      a Compliance Certificate is not delivered when due in accordance with such
      Section, then 

     

    

    
      
        
          
          

        

        
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    Pricing
      Level 1 shall apply in respect of the Revolving Credit Facility as of the first
      Business Day after the date on which such Compliance Certificate was required
      to
      have been delivered (provided, that on the first Business Day immediately
      following the date on which such Compliance Certificate is delivered to the
      Administrative Agent, any such increase or decrease in the Applicable Rate
      resulting from a change in the Consolidated Leverage Ratio shall become
      effective). Any
      increase or decrease in the Applicable Rate resulting from a change in the
      Ratings of Holdings shall apply in respect of the Term B Facility as of the
      date
      such change is announced.

     

    “Applicable
      Revolving Credit Percentage”
means
      with respect to any Revolving Credit Lender at any time, such Revolving Credit
      Lender’s Applicable Percentage in respect of the Revolving Credit Facility at
      such time.

     

    “Appropriate
      Lender”
means,
      at any time, (a) with respect to any Term Facility or the Revolving Credit
      Facility, a Lender that has a Commitment with respect to such Facility or holds
      a Term Loan or a Revolving Credit Loan, respectively, at such time,
      (b) with respect to the Letter of Credit Sublimit, (i) the L/C Issuer
      and (ii) if any Letters of Credit have been issued pursuant to Section
      2.03(a),
      the
      Revolving Credit Lenders and (c) with respect to the Swing Line Sublimit,
      (i) the Swing Line Lender and (ii) if any Swing Line Loans are
      outstanding pursuant to Section 2.04(a),
      the
      Revolving Credit Lenders.

     

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

     

    “Assignee
      Group”
means
      two or more Eligible Assignees that are Affiliates of one another or two or
      more
      Approved Funds managed by the same investment advisor.

     

    “Assignment
      and Assumption”
means
      an assignment and assumption entered into by a Lender and an Eligible Assignee
      (with the consent of any party whose consent is required by Section
      11.06(b)),
      and
      accepted by the Administrative Agent, in substantially the form of Exhibit
      E
      or any
      other form approved by the Administrative Agent.

     

    “Attributable
      Indebtedness”
means,
      on any date, (a) in respect of any Capitalized Lease of any Person, the
      capitalized amount thereof that would appear on a balance sheet of such Person
      prepared as of such date in accordance with GAAP, (b) in respect of any
      Synthetic Lease Obligation, the capitalized amount of the remaining lease or
      similar payments under the relevant lease or other applicable agreement or
      instrument that would appear on a balance sheet of such Person prepared as
      of
      such date in accordance with GAAP if such lease or other agreement or instrument
      were accounted for as a Capitalized Lease and (c) all Synthetic Debt of such
      Person.

     

    “Audited
      Financial Statements”
means
      the audited consolidated balance sheet of Holdings and its Subsidiaries for
      the
      fiscal year ended December 31, 2005, and the related consolidated statements
      of
      income or operations, shareholders’ equity and cash flows for such fiscal year
      of Holdings and its Subsidiaries, including the notes thereto, in each case
      as
      included in Holdings Annual Report on Form 10-K for the fiscal year ended
      December 31, 2005.

     

    

    
      
        
          
          

        

        
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    “Auto-Extension
      Letter of Credit”
has
      the
      meaning specified in Section
      2.03(b)(iii).

     

    “Available
      Loss Proceeds”
means
      the difference of (a) Loss Proceeds received during any fiscal year less (b)
      the
      amount of such proceeds that are applied to the repair of the property subject
      to such loss or to the purchase price of similar replacement property in either
      case within 120 days of receipt of such Loss Proceeds or, so long as Borrower
      gives written notice to the Administrative Agent within such 120 day period
      that
      it intends to so apply such Loss Proceeds, within 365 of receipt of such Loss
      Proceeds.

     

    “Availability
      Period”
means,
      in respect of the Revolving Credit Facility, the period from and including
      the
      Closing Date to the earliest of (a) the Maturity Date for the Revolving Credit
      Facility, (b) the date of termination of the Revolving Credit Commitments
      pursuant to Section
      2.06,
      and (c)
      the date of termination of the commitment of each Revolving Credit Lender to
      make Revolving Credit Loans and of the obligation of the L/C Issuer to make
      L/C
      Credit Extensions pursuant to Section
      8.02.

     

    “Bank
      of America”
means
      Bank of America, N.A. and its successors.

     

    “Bank
      of America Fee Letter”
means
      the letter agreement, dated May 16, 2006 among the Borrower, Holdings, the
      Administrative Agent and Banc of America Securities LLC.

     

    “Base
      Rate”
means
      for any day a fluctuating rate per annum equal to the higher of (a) the Federal
      Funds Rate plus
      1/2 of
      1% and (b) the rate of interest in effect for such day as publicly announced
      from time to time by Bank of America as its “prime rate.” The “prime rate” is a
      rate set by Bank of America based upon various factors including Bank of
      America’s costs and desired return, general economic conditions and other
      factors, and is used as a reference point for pricing some loans, which may
      be
      priced at, above, or below such announced rate. Any change in such rate
      announced by Bank of America shall take effect at the opening of business on
      the
      day specified in the public announcement of such change.

     

    “Base
      Rate Loan”
means
      a
      Revolving Credit Loan, a Term B Loan or an Additional Term Loan that bears
      interest based on the Base Rate.

     

    “Borrower”
has
      the
      meaning specified in the introductory paragraph hereto.

     

    “Borrower
      Materials”
has
      the
      meaning specified in Section
      6.02.

     

    “Borrowing”
means
      a
      Revolving Credit Borrowing, a Swing Line Borrowing, a Term B Borrowing or
      an Additional Term Borrowing, as the context may require.

     

    “Business
      Day”
means
      any day other than a Saturday, Sunday or other day on which commercial banks
      are
      authorized to close under the Laws of, or are in fact closed in, the state
      where
      the Administrative Agent’s Office is located or Stamford, Connecticut and, if
      such day relates to any Eurodollar Rate Loan, means any such day on which
      dealings in Dollar deposits are conducted by and between banks in the London
      interbank eurodollar market.

     

    

    
      
        
          
          

        

        
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    “Capital
      Expenditures”
means,
      with respect to any Person for any period, any expenditure in respect of the
      purchase or other acquisition of any fixed or capital asset (excluding normal
      replacements and maintenance which are properly charged to current operations).
      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 by which such purchase price exceeds 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.

     

    “Capitalized
      Leases”
means
      all leases that have been or should be, in accordance with GAAP, recorded as
      capitalized leases.

     

    “Cash
      Collateral Account”
means
      a
      blocked, interest bearing deposit account of one or more of the Loan Parties
      at
      Bank of America (or another commercial bank selected in compliance with
Section
      6.20)
      in the
      name of the Administrative Agent and under the sole dominion and control of
      the
      Administrative Agent, and otherwise established in a manner satisfactory to
      the
      Administrative Agent.

     

    “Cash
      Collateralize”
has
      the
      meaning specified in Section
      2.03(g).

     

    “Cash
      Equivalents”
means
      any of the following types of Investments, 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):

     

    (a) readily
      marketable obligations issued or directly and fully guaranteed or insured by
      the
      United States of America or any agency or instrumentality thereof having
      maturities of not more than one year from the date of acquisition thereof;
      provided
      that the
      full faith and credit of the United States of America is pledged in support
      thereof;

     

    (b) time
      deposits with, or insured certificates of deposit or bankers’ acceptances of,
      any nationally-recognized securities dealer or any commercial bank, trust
      company, savings and loan association or savings bank that (i) (A) is a Lender
      or (B) is (x) organized under the laws of the United States of America, any
      state thereof or the District of Columbia, or a political subdivision thereof,
      (y) a U.S. branch of any such institution organized under the laws of any other
      country that is a member of the OECD, or (z) the principal banking subsidiary
      of
      a bank holding company organized under the laws of the United States of America,
      any state thereof or the District of Columbia, and is a member of the Federal
      Reserve System, (ii) issues (or the parent of which issues) commercial paper
      rated as described in clause (c) of this definition and (iii) has combined
      capital and surplus of at least $1,000,000,000, in each case with maturities
      of
      not more than 180 days from the date of acquisition thereof; 

     

    (c) commercial
      paper issued by any Person organized under the laws of any state of the United
      States of America and rated at least “Prime-2” (or the then equivalent grade) by
      Moody’s or at least “A-2” (or the then equivalent grade) by S&P, in each
      case with maturities of not more than 180 days from the date of acquisition
      thereof; and

     

    

    
      
        
          
          

        

        
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    (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, 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,
      and

     

    (e) obligations
      with any Lender, any other bank or trust company described in clause (b) above,
      or any nationally-recognized securities dealer, in respect of the repurchase
      of
      obligations of the type described in clause (a) above, provided that such
      repurchase obligations shall be fully secured by obligations of the type
      described in said clause and the possession of such obligations shall be
      transferred to, and segregated from other obligations owned by, such Lender,
      such other bank or trust company or such securities dealer.

     

    “Cash
      Management Agreement”
means
      any agreement to provide cash management services, including treasury,
      depository, overdraft, credit or debit card, electronic funds transfer and
      other
      cash management arrangements.

     

    “Cash
      Management Bank”
means
      any Person that, at the time it enters into a Cash Management Agreement, is
      a
      Lender or an Affiliate of a Lender, in its capacity as a party to such Cash
      Management Agreement.

     

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

     

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

     

    “CFC”
means
      a
      Person that is a controlled foreign corporation under Section 957 of the
      Code.

     

    “Change
      in Law”
means
      the occurrence, after the date of this Agreement, of any of the following:
      (a)
      the adoption or taking effect of any law, rule, regulation or treaty, (b) any
      change in any law, rule, regulation or treaty or in the administration,
      interpretation or application thereof by any Governmental Authority or (c)
      the
      making or issuance of any request, guideline or directive (whether or not having
      the force of law) by any Governmental Authority.

     

    “Change
      of Control”
means
      an event or series of events by which:

     

    (a) any
      “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
      Securities Exchange Act of 1934, but excluding any employee benefit plan of
      such
      person or its subsidiaries, and any person or entity acting in its capacity
      as
      trustee, agent or other fiduciary or administrator of any such plan), except
      the
      Permitted Holders, becomes the “beneficial owner” (as defined in Rules 13d-3 and
      13d-5 under the Securities Exchange Act of 1934), directly or indirectly, of
      35%
      or more of the equity securities of Holdings entitled to vote for members of
      the
      board of directors or equivalent governing body of Holdings on a fully-diluted
      basis; or

     

    

    
      
        
          
          

        

        
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    (b) during
      any period of 12 consecutive months, a majority of the members of the board
      of
      directors or other equivalent governing body of Holdings cease to be composed
      of
      individuals (i) who were members of that board or equivalent governing body
      on
      the first day of such period, (ii) whose election or nomination to that board
      or
      equivalent governing body was approved by individuals referred to in clause
      (i)
      above constituting at the time of such election or nomination at least a
      majority of that board or equivalent governing body or (iii) whose election
      or
      nomination to that board or other equivalent governing body was approved by
      individuals referred to in clauses (i) and (ii) above constituting at the time
      of such election or nomination at least a majority of that board or equivalent
      governing body (excluding, in the case of both clause (ii) and clause (iii),
      any
      individual whose initial nomination for, or assumption of office as, a member
      of
      that board or equivalent governing body occurs as a result of an actual or
      threatened solicitation of proxies or consents for the election or removal
      of
      one or more directors by any person or group other than a solicitation for
      the
      election of one or more directors by or on behalf of the board of directors);
      or

     

    (c) any
      Person or two or more Persons acting in concert (excluding the Permitted
      Holders) shall have acquired by contract or otherwise, the power to exercise,
      directly or indirectly, a controlling influence over the management or policies
      of Holdings, or control over the equity securities of Holdings entitled to
      vote
      for members of the board of directors or equivalent governing body of Holdings
      on a fully-diluted basis representing 35% or more of the combined voting power
      of such securities; or

     

    (d) Holdings
      shall cease, directly or indirectly, to own and control legally and beneficially
      all of the Equity Interests in the Borrower.

     

    “Closing
      Date”
means
      the first date all the conditions precedent in Section
      4.01
      are
      satisfied or waived in accordance with Section
      11.01.

     

    “Code”
means
      the Internal Revenue Code of 1986.

     

    “Collateral”
means
      all of the “Collateral”
and
      “Mortgaged
      Property”
      referred to in the Collateral Documents and all of the other property that
      is or
      is intended under the terms of the Collateral Documents to be subject to Liens
      in favor of the Administrative Agent for the benefit of the Secured
      Parties.

     

    “Collateral
      Documents”
means,
      collectively, the Security Agreement, the Intellectual Property Security
      Agreement, the Mortgages, the Account Control Agreements, the Security Agreement
      Supplements, the IP Security Agreement Supplements, or other similar agreements
      delivered to the Administrative Agent pursuant to Section
      6.12,
      and
      each of the other agreements, instruments or documents that creates or purports
      to create a Lien in favor of the Administrative Agent for the benefit of the
      Secured Parties.

     

    “Commitment”
means
      a
      Term Commitment or a Revolving Credit Commitment, as the context may
      require.

     

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

     

    

    
      
        
          
          

        

        
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    “Condemnation
      Award”
means
      all proceeds of any taking of real or personal property, or any part thereof
      or
      interest therein, for public or quasi-public use under the power of eminent
      domain, by reason of any public improvement or condemnation proceeding, or
      in
      any other manner, or transfer in lieu thereof.

     

    “Consolidated
      Adjusted EBITDA”
      means, at any date of determination, an amount equal to Consolidated Net Income
      of Holdings and its Subsidiaries on a consolidated basis for the most recently
      completed Measurement Period plus
      (a) the following to the extent deducted in calculating such Consolidated Net
      Income for such Measurement Period: (i) Consolidated Interest Charges, (ii)
      the
      provision for Federal, state, local and foreign income taxes payable and tax
      contingencies, (iii) depreciation and amortization expense and (iv) all other
      non-cash items decreasing Consolidated Net Income (in each case of or by
      Holdings and its Subsidiaries for such Measurement Period), minus
      (b) the following to the extent added in calculating such Consolidated Net
      Income for such Measurement Period: (i) Federal, state, local and foreign income
      tax credits and tax contingency credits and (ii) all non-cash items increasing
      Consolidated Net Income (in each case of or by Holdings and its Subsidiaries
      for
      such Measurement Period), and excluding
      (c) without duplication, the following to the extent included in the calculation
      of Consolidated Net Income for such Measurement Period: (i) cash restructuring,
      impairment and related fees, expenses and charges included in the Audited
      Financial Statements and cash restructuring, impairment and related fees,
      expenses and charges in an aggregate amount of up to $30,000,000 incurred during
      the fiscal year ending December 31, 2006, (ii) non-cash restructuring,
      impairment and related fees, expenses and charges, (iii) gain (loss) on the
      Disposition of non-strategic businesses and discontinued operations, (iv) stock
      based compensation expensed in accordance with Statement of Financial Account
      Standards 123R, (v) gain (loss) arising from the Tender Offer, (vi) non-cash
      gain (loss) on the early extinguishment of Indebtedness other than in connection
      with the Tender Offer, (vii) cumulative effect of changes in accounting
      principles, (viii) non-cash extraordinary gains and non-cash extraordinary
      losses for such Measurement Period and (ix) other non-cash non-recurring charges
      and expenses (in each case of or by Holdings and its Subsidiaries for such
      Measurement Period). For the purpose of determining the Consolidated Leverage
      Ratio and the Consolidated Interest Coverage Ratio, Consolidated Adjusted EBITDA
      shall be calculated on a Pro Forma Basis in accordance with the provisions
      in
Section
      1.03.

     

    “Consolidated
      Funded Indebtedness”
means,
      as of any date of determination, for Holdings and its Subsidiaries on a
      consolidated basis, the sum of (a) the outstanding principal amount of all
      obligations, whether current or long-term, for borrowed money (including
      Obligations hereunder) and all obligations evidenced by bonds, debentures,
      notes, loan agreements or other similar instruments, (b) all purchase money
      Indebtedness, (c) all direct obligations arising under letters of credit
      (including standby and commercial), bankers’ acceptances, bank guaranties,
      surety bonds and similar instruments, (d) all obligations in respect of the
      deferred purchase price of property or services (other than trade accounts
      payable in the ordinary course of business), (e) all Attributable Indebtedness,
      (f) without duplication, all Guarantees with respect to outstanding Indebtedness
      of the types specified in clauses (a) through (e) above of Persons other than
      Holdings or any Subsidiary, and (g) all Indebtedness of the types referred
      to in
      clauses (a) through (f) above of any partnership or joint venture (other than
      a
      joint venture that is itself a corporation, limited liability company or similar
      legal entity) in which Holdings or a Subsidiary is a general partner or joint
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    Indebtedness
      is expressly made non-recourse to Holdings or such Subsidiary. For the purpose
      of determining the Consolidated Leverage Ratio and the Consolidated
      Interest Coverage Ratio,
      Consolidated Funded Indebtedness shall be calculated on a Pro Forma Basis in
      accordance with the provisions in Section
      1.03.

     

    “Consolidated
      Interest Charges”
means,
      at any date of determination, the sum of (a) all interest, premium payments,
      debt discount, fees, charges and related expenses in connection with borrowed
      money (including capitalized interest) or in connection with the deferred
      purchase price of assets, in each case to the extent treated as interest in
      accordance with GAAP (but excluding any premium paid in respect of the Senior
      Notes in connection with the Tender Offer and any write-off or acceleration
      of
      deferred financing fees associated with the Senior Notes or the Existing Credit
      Agreement), (b) all interest that is treated as “interest” under GAAP that is
      paid or payable with respect to discontinued operations and (c) the portion
      of
      rent expense under Capitalized Leases that is treated as interest expense in
      accordance with GAAP, in each case, of or by Holdings and its Subsidiaries
      on a
      consolidated basis for the most recently completed Measurement Period. For
      the
      purpose of determining the Consolidated Leverage Ratio and the Consolidated
      Interest Coverage Ratio,
      Consolidated Interest Charges shall be calculated on a Pro Forma Basis in
      accordance with the provisions in Section
      1.03.

     

    “Consolidated
      Interest Coverage Ratio”
means,
      as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA
      to (b) Consolidated Interest Charges.

     

    “Consolidated
      Leverage Ratio”
means,
      as of any date of determination, the ratio of (a) Consolidated Funded
      Indebtedness as of such date to (b)
      Consolidated Adjusted EBITDA.

     

    “Consolidated
      Net Income”
means,
      at any date of determination, the net income (or loss) of Holdings and its
      Subsidiaries on a consolidated basis for the most recently completed Measurement
      Period; provided
      that
      Consolidated Net Income shall exclude (a) the net income of any Subsidiary
      (other than any Loan Party) during such Measurement Period to the extent that
      the declaration or payment of dividends or similar distributions by such
      Subsidiary of such income is not permitted by operation of the terms of its
      Organization Documents or any agreement, instrument or Law applicable to such
      Subsidiary during such Measurement Period, except that Holdings’ equity in any
      net loss of any such Subsidiary for such Measurement Period shall be included
      in
      determining Consolidated Net Income, and (b) any income (or loss) for such
      Period of any Person if such Person is not a Subsidiary, except that Holdings’
equity in the net income of any such Person for such Measurement Period shall
      be
      included in Consolidated Net Income up to the aggregate amount of cash actually
      distributed by such Person during such Period to Holdings or a Subsidiary as
      a
      dividend or other distribution (and in the case of a dividend or other
      distribution to a Subsidiary (other than any Loan Party), such Subsidiary is
      not
      precluded from further distributing such amount as described in clause (a)
      of
      this proviso). For the purpose of determining the Consolidated Leverage Ratio
      and the Consolidated
      Interest Coverage Ratio,
      Consolidated Net Income shall be calculated on a Pro Forma Basis in accordance
      with the provisions in Section
      1.03.

     

    “Contractual
      Obligation”
means,
      as to any Person, any provision of any security issued by such Person or of
      any
      agreement, instrument or other undertaking to which such Person is a party
      or by
      which it or any of its property is bound.

     

    

    
      
        
          
          

        

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

     

    “Credit
      Agreement Supplement”
has
      the
      meaning specified in Section
      2.14.
      

     

    “Credit
      Extension”
means
      each of the following: (a) a Borrowing and (b) an L/C Credit
      Extension.

     

    “Debt
      Rating”
means,
      as of any date of determination, the rating as determined by either S&P or
      Moody’s of the Facilities.

     

    “Debtor
      Relief Laws”
means
      the Bankruptcy Code of the United States, and all other liquidation,
      conservatorship, bankruptcy, assignment for the benefit of creditors,
      moratorium, rearrangement, receivership, insolvency, reorganization, or similar
      debtor relief Laws of the United States or other applicable jurisdictions from
      time to time in effect and affecting the rights of creditors
      generally.

     

    “Default”
means
      any event or condition that constitutes an Event of Default or that, with the
      giving of any notice, the passage of time, or both, would be an Event of
      Default.

     

    “Default
      Rate”
means
      (a) when used with respect to Obligations other than Letter of Credit Fees,
      an
      interest rate equal to (i) the Base Rate plus
      (ii) the
      Applicable Rate, if any, applicable to Base Rate Loans under the Term B Facility
      plus
      (iii) 2%
      per annum; provided,
      however,
      that
      with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest
      rate equal to the interest rate (including any Applicable Rate) otherwise
      applicable to such Loan plus
      2% per
      annum and (b) when used with respect to Letter of Credit Fees, a rate equal
      to
      the Applicable Rate plus
      2% per
      annum.

     

    “Defaulting
      Lender”
means
      any Lender that (a) has failed to fund any portion of the Term Loans, Revolving
      Credit Loans, participations in L/C Obligations or participations in Swing
      Line
      Loans required to be funded by it hereunder within one Business Day of the
      date
      required to be funded by it hereunder, (b) has otherwise failed to pay over
      to
      the Administrative Agent or any other Lender any other amount required to be
      paid by it hereunder within one Business Day of the date when due, unless the
      subject of a good faith dispute, or (c) has been deemed insolvent or become
      the
      subject of a bankruptcy or insolvency proceeding.

     

    “Disclosed
      Litigation”
has
      the
      meaning set forth in Section
      5.06.

     

    “Disposition”
or
      “Dispose”
means
      the sale, transfer, license, lease or other disposition (including any sale
      and
      leaseback transaction) of any property by any Person (or the granting of any
      option or other right to do any of the foregoing), including any sale,
      assignment, transfer or other disposal, with or without recourse, of any notes
      or accounts receivable or any rights and claims associated
      therewith.

     

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

     

    

    
      
        
          
          

        

        
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    “Domestic
      Subsidiary”
means
      any Subsidiary that is organized under the laws of any political subdivision
      of
      the United States.

     

    “Eligible
      Assignee”
means
      any Person that meets the requirements to be an assignee under Section
      11.06(b)(iii),
      (v)
      and
(vi)
      (subject
      to such consents, if any, as may be required under Section
      11.06(b)(iii)).

     

    “Environmental
      Laws”
means
      any and all Federal, state, local, and foreign statutes, laws, regulations,
      ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
      franchises, licenses, agreements or governmental restrictions relating to
      pollution and the protection of the environment or the release of any materials
      into the environment, including those related to hazardous substances or wastes,
      air emissions and discharges to waste or public systems.

     

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

     

    “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, all of the shares of capital stock of (or other
      ownership or profit interests in) such Person, all of the warrants, options
      or
      other rights for the purchase or acquisition from such Person of shares of
      capital stock of (or other ownership or profit interests in) such Person, all
      of
      the 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 acquisition from such Person of such shares (or
      such
      other interests), and all of the other ownership or profit interests in such
      Person (including partnership, member or trust interests therein), whether
      voting or nonvoting, and whether or not such shares, warrants, options, rights
      or other interests are outstanding on any date of determination.

     

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

     

    “ERISA
      Affiliate”
means
      any trade or business (whether or not incorporated) under common control with
      the Borrower within the meaning of Section 414(b) or (c) of the Code (and
      Sections 414(m) and (o) of the Code for purposes of provisions relating to
      Section 412 of the Code).

     

    “ERISA
      Event”
means
      (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by
      the
      Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063
      of ERISA during a plan year in which it was a substantial employer (as defined
      in Section 4001(a)(2) of ERISA) or a cessation of operations that is
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    under
      Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower
      or any ERISA Affiliate from a Multiemployer Plan or notification that a
      Multiemployer Plan is in reorganization; (d) the filing of a notice of intent
      to
      terminate, the treatment of a Pension Plan amendment as a termination under
      Section 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC
      to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition
      which constitutes grounds under Section 4042 of ERISA for the termination of,
      or
      the appointment of a trustee to administer, any Pension Plan or Multiemployer
      Plan; or (f) the imposition of any liability under Title IV of ERISA, other
      than
      for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon
      the
      Borrower or any ERISA Affiliate.

     

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

     

    “Eurodollar
      Reserve Percentage”
of
      any
      Lender for each Interest Period for any Eurodollar Rate Loan means the reserve
      percentage applicable to such Lender during such Interest Period (or if more
      than one such percentage shall be so applicable, the daily average of such
      percentages for those days in such Interest Period during which any such
      percentage shall be so applicable) under Regulation D or other regulations
      issued from time to time by the FRB for determining the maximum reserve
      requirement (including any emergency, supplemental or other marginal reserve
      requirement) then applicable to such Lender with respect to liabilities or
      assets consisting of or including “Eurocurrency liabilities” (as defined in
      Regulation D of the FRB) having a term equal to such Interest
      Period.

     

    “Eurodollar
      Rate Loan”
means
      a
      Revolving Credit Loan or a Term Loan that bears interest at a rate based on
      the
      Eurodollar Rate.

     

    “Event
      of Default”
has
      the
      meaning specified in Section
      8.01.

     

    “Excess
      Cash Flow”
means,
      for any fiscal year of Holdings, the excess (if any) of (a) Consolidated
      Adjusted EBITDA for such fiscal year minus
      (b) the
      sum (for such fiscal year) of (i) Consolidated Interest Charges actually paid
      in
      cash by Holdings and its Subsidiaries, (ii) principal repayments, to the extent
      actually made by the Borrower, of Term Loans pursuant to Section
      2.05(a)
      or
      (b)(iii),
      (iv)
      or
(v)
      or
Section
      2.07,
      (iii)
      all income taxes actually paid in cash by Holdings and its Subsidiaries, (iv)
      Capital Expenditures actually made by Holdings and its Subsidiaries in such
      fiscal year, (v) Restricted Payments by Holdings, to the extent actually

     

    

    
      
        
          
          

        

        
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    made,
      permitted by Section
      7.06(d),
      and
      (vi) all principal repayments and prepayments of Consolidated Funded
      Indebtedness (other than the Obligations), to the extent actually made by
      Holdings or any Subsidiary, so long as such repayment or prepayment is permitted
      hereunder (including, without limitation, any prepayment, purchase, redemption
      or defeasance of the Subordinated Notes permitted under Section
      7.15(d)).
      

     

    “Excluded
      Taxes”
means,
      with respect to the Administrative Agent, any Lender, the L/C Issuer or any
      other recipient of any payment to be made by or on account of any Obligation
      of
      the Borrower or Holdings hereunder, (a) taxes imposed on or measured by its
      overall net income (however denominated), and franchise taxes imposed on it
      (in
      lieu of net income taxes), by the jurisdiction (or any political subdivision
      thereof) under the laws of which such recipient is organized or in which its
      principal office is located or, in the case of any Lender, in which its
      applicable Lending Office is located, (b) any branch profits taxes imposed
      by
      the United States or any similar tax imposed by any other jurisdiction in which
      the Borrower or Holdings is located and (c) in the case of a Foreign Lender
      (other than an assignee pursuant to a request by the Borrower under Section
      11.13),
      any
      withholding tax that is imposed on amounts payable to such Foreign Lender at
      the
      time such Foreign Lender becomes a party hereto (or designates a new Lending
      Office) or is attributable to such Foreign Lender’s failure or inability (other
      than as a result of a Change in Law) to comply with Section
      3.01(e),
      except
      to the extent that such Foreign Lender (or its assignor, if any) was entitled,
      at the time of designation of a new Lending Office (or assignment), to receive
      additional amounts from the Borrower or Holdings with respect to such
      withholding tax pursuant to Section
      3.01(a).

     

    “Existing
      Credit Agreement”
means
      that certain Second Amended and Restated Credit Agreement dated as of March
      25,
      2004 among the Borrower, Holdings, Bank of America, N.A., as agent, certain
      other co-syndication agents and co-documentation agents, and a syndicate of
      lenders, as amended or supplemented and in effect from time to
      time.

     

    “Existing
      Letters of Credit”
means
      those certain standby letters of credit issued pursuant to the Existing Credit
      Agreement and more specifically identified on Schedule
      1.01.

     

    “Facility”
means
      the Term B Facility, any Additional Term Facility or the Revolving Credit
      Facility, as the context may require.

     

    “Federal
      Funds Rate”
means,
      for any day, the rate per annum equal to the weighted average of the rates
      on
      overnight Federal funds transactions with members of the Federal Reserve System
      arranged by Federal funds brokers on such day, as published by the Federal
      Reserve Bank of New York on the Business Day next succeeding such day;
provided
      that (a)
      if such day is not a Business Day, the Federal Funds Rate for such day shall
      be
      such rate on such transactions on the next preceding Business Day as so
      published on the next succeeding Business Day, and (b) if no such rate is so
      published on such next succeeding Business Day, the Federal Funds Rate for
      such
      day shall be the average rate (rounded upward, if necessary, to a whole multiple
      of 1/100 of 1%) charged to Bank of America on such day on such transactions
      as
      determined by the Administrative Agent.

     

    

    
      
        
          
          

        

        
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    “Fee
      Letters”
means,
      collectively, (a) the Bank of America Fee Letter and (b) the letter agreement,
      dated May 16, 2006, among the Borrower, Holdings, Lehman Brothers Inc. and
      Lehman Commercial Paper Inc.

     

    “Foreign
      Lender”
means
      any Lender that is organized under the laws of a jurisdiction other than that
      in
      which the Borrower is resident for tax purposes. For purposes of this
      definition, the United States, each State thereof and the District of Columbia
      shall be deemed to constitute a single jurisdiction.

     

    “FRB”
means
      the Board of Governors of the Federal Reserve System of the United
      States.

     

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

     

    “GAAP”
means
      generally accepted accounting principles in the United States set forth in
      the
      opinions and pronouncements of the Accounting Principles Board and the American
      Institute of Certified Public Accountants and statements and pronouncements
      of
      the Financial Accounting Standards Board or such other principles as may be
      approved by a significant segment of the accounting profession in the United
      States, that are applicable to the circumstances as of the date of
      determination, consistently applied.

     

    “Governmental
      Authority”
means
      the government of the United States or any other nation, or of any political
      subdivision thereof, whether state or local, and any agency, authority,
      instrumentality, regulatory body, court, central bank or other entity exercising
      executive, legislative, judicial, taxing, regulatory or administrative powers
      or
      functions of or pertaining to government (including any supra-national bodies
      such as the European Union or the European Central Bank).

     

    “Guarantee”
means,
      as to any Person, (a) any obligation, contingent or otherwise, of such Person
      guaranteeing or having the economic effect of guaranteeing any Indebtedness
      or
      other obligation payable or performable by another Person (the “primary
      obligor”)
      in any
      manner, whether directly or indirectly, and including any obligation of such
      Person, direct or indirect, (i) to purchase or pay (or advance or supply funds
      for the purchase or payment of) such Indebtedness or other obligation, (ii)
      to
      purchase or lease property, securities or services for the purpose of assuring
      the obligee in respect of such Indebtedness or other obligation of the payment
      or performance of such Indebtedness or other obligation, (iii) to maintain
      working capital, equity capital or any other financial statement condition
      or
      liquidity or level of income or cash flow of the primary obligor so as to enable
      the primary obligor to pay such Indebtedness or other obligation, or (iv)
      entered into for the purpose of assuring in any other manner the obligee in
      respect of such Indebtedness or other obligation of the payment or performance
      thereof or to protect such obligee against loss in respect thereof (in whole
      or
      in part), or (b) any Lien on any assets of such Person securing any Indebtedness
      or other obligation of any other Person, whether or not such Indebtedness or
      other obligation is assumed by such Person. The amount of any Guarantee 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 Guarantee
      is
      made or, if 

     

    

    
      
        
          
          

        

        
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    not
      stated or determinable, the maximum reasonably anticipated liability in respect
      thereof as determined by the guaranteeing Person in good faith. The term
“Guarantee”
as
      a
      verb has a corresponding meaning.

     

    “Guarantors”
means,
      collectively, Holdings, the Subsidiaries listed on Schedule
      6.12
      and each
      other Subsidiary of the Borrower that shall be required to execute and deliver
      a
      guaranty or guaranty supplement pursuant to Section 6.12.

     

    “Guaranty”
means,
      collectively, the Guaranty made by Holdings under Article
      X
      in favor
      of the Secured Parties and the Guaranty made by the Guarantors in favor of
      the
      Secured Parties, substantially in the form of Exhibit
      F,
      together with each other guaranty and guaranty supplement delivered pursuant
      to
Section 6.12.

     

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

     

    “Hedge
      Bank”
means
      any Person that, at the time it enters into a Secured Hedge Agreement, is a
      Lender or an Affiliate of a Lender, in its capacity as a party to such Secured
      Hedge Agreement.

     

    “Holdings”
has
      the
      meaning specified in the introductory paragraph hereto.

     

    “Indebtedness”
means,
      as to any Person at a particular time, without duplication, all of the
      following, whether or not included as indebtedness or liabilities in accordance
      with GAAP:

     

    (a) all
      obligations of such Person for borrowed money and all obligations of such Person
      evidenced by bonds, debentures, notes, loan agreements or other similar
      instruments;

     

    (b) the
      maximum amount of all direct or contingent obligations of such Person arising
      under letters of credit (including standby and commercial), bankers’
acceptances, bank guaranties, surety bonds and similar instruments;

     

    (c) net
      obligations of such Person under any Swap Contract;

     

    (d) all
      obligations of such Person to pay the deferred purchase price of property or
      services (other than trade accounts payable in the ordinary course of business
      and not past due for more than 90 days after the date on which such trade
      account was created);

     

    (e) indebtedness
      (excluding prepaid interest thereon) secured by a Lien on property owned or
      being purchased by such Person (including indebtedness arising under conditional
      sales or other title retention agreements), whether or not such indebtedness
      shall have been assumed by such Person or is limited in recourse;

     

    

    
      
        
          
          

        

        
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    (f) all
      Attributable Indebtedness in respect of Capitalized Leases and Synthetic Lease
      Obligations of such Person and all Synthetic Debt of such Person; 

     

    (g) all
      obligations of such Person to purchase, redeem, retire, defease or otherwise
      make any payment in respect of any Equity Interest in such Person or any
      Affiliate of such Person or any warrant, right or option to acquire such Equity
      Interest, valued, in the case of a redeemable preferred interest, at the greater
      of its voluntary or involuntary liquidation preference plus
      accrued
      and unpaid dividends; and 

     

    (h) all
      Guarantees of such Person in respect of any of the foregoing.

     

    For
      all
      purposes hereof, the Indebtedness of any Person shall include the Indebtedness
      of any partnership or joint venture (other than a joint venture that is itself
      a
      corporation limited liability company or similar legal entity) in which such
      Person is a general partner or a joint venturer, unless such Indebtedness is
      expressly made non-recourse to such Person. The amount of any net obligations
      of
      any Person under any Swap Contract on any date shall be deemed to be the Swap
      Termination Value thereof due and payable by such Person as of such
      date.

     

    “Indemnified
      Taxes” means
      Taxes other than Excluded Taxes.

     

    “Indemnitees”
has
      the
      meaning specified in Section
      11.04(b).

     

    “Information”
has
      the
      meaning specified in Section
      11.07.

     

    “Insurance
      Proceeds”
means
      all insurance proceeds (other than business interruption insurance proceeds),
      damages, awards, claims and rights of action with respect to any casualty or
      other loss, damage or destruction of any real or personal property of Holdings
      or its Subsidiaries. 

     

    “Intellectual
      Property Security Agreement”
has
      the
      meaning specified in Section 4.01(a)(v).

     

    “Interest
      Payment Date”
means,
      (a) as to any Eurodollar Rate Loan, the last day of each Interest Period
      applicable to such Loan and the Maturity Date of the Facility under which such
      Loan was made; provided,
      however,
      that if
      any Interest Period for a Eurodollar Rate Loan exceeds three months, the
      respective dates that fall every three months after the beginning of such
      Interest Period shall also be Interest Payment Dates; and (b) as to any Base
      Rate Loan or Swing Line Loan, the first Business Day of each January, April,
      July and October and the Maturity Date of the Facility under which such Loan
      was
      made (with Swing Line Loans being deemed made under the Revolving Credit
      Facility for purposes of this definition).

     

    “Interest
      Period”
means,
      as to each Eurodollar Rate Loan, the period commencing on the date such
      Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar
      Rate Loan and ending on the date one, two, three or six months thereafter,
      as
      selected by the Borrower in its Loan Notice or such other period that is twelve
      months or less requested by the Borrower and available to all the Lenders;
      provided
      that:

     

    

    
      
        
          
          

        

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

     

    (b) any
      Interest Period that begins on the last Business Day of a calendar month (or
      on
      a day for which there is no numerically corresponding day in the calendar month
      at the end of such Interest Period) shall end on the last Business Day of the
      calendar month at the end of such Interest Period; and

     

    (c) no
      Interest Period shall extend beyond the Maturity Date of the Facility under
      which such Loan was made.

     

    “Internal
      Control Event”
means
      a
      material weakness in, or fraud that involves management or other employees
      who
      have a significant role in, Holdings’ and its Subsidiaries’ internal controls
      over financial reporting, in each case as described in the Securities
      Laws.

     

    “Investment”
means,
      as to any Person, any direct or indirect acquisition or investment by such
      Person, whether by means of (a) the purchase or other acquisition of Equity
      Interests of another Person, (b) a loan, advance or capital contribution to,
      Guarantee or assumption of debt of, or purchase or other acquisition of any
      other debt or interest in, another Person, or (c) the purchase or other
      acquisition (in one transaction or a series of transactions) of assets of
      another Person that constitute a business unit or all or a substantial part
      of
      the business of such Person. For purposes of covenant compliance, the amount
      of
      any Investment shall be the amount actually invested, without adjustment for
      subsequent increases or decreases in the value of such Investment.

     

    “IP
      Rights”
has
      the
      meaning specified in Section 5.17.

     

    “IP
      Security Agreement Supplement”
has
      the
      meaning specified in Section
      1.03
      of the
      Security Agreement.

     

    “IRS”
means
      the United States Internal Revenue Service.

     

    “ISP”
means,
      with respect to any Letter of Credit, 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).

     

    “Issuer
      Documents”
means
      with respect to any Letter of Credit, the Letter of Credit Application, and
      any
      other document, agreement or instrument entered into by the L/C Issuer and
      the
      Borrower (or any Subsidiary) relating to such Letter of Credit.

     

    “Joinder
      Agreement”
means
      a
      Joinder Agreement executed and delivered in accordance with the provisions
      of
      Section 6.12, substantially in the form of Exhibit
      K
      hereto.

     

    “Laws”
means,
      collectively, all international, foreign, Federal, state and local statutes,
      treaties, rules, guidelines, regulations, ordinances, codes, executive orders
      and administrative or judicial precedents or authorities, including the
      interpretation or administration 

     

    

    
      
        
          
          

        

        
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    thereof
      by any Governmental Authority charged with the enforcement, interpretation
      or
      administration thereof, and all applicable administrative orders, directed
      duties, requests, licenses, authorizations and permits of, and agreements with,
      any Governmental Authority, in each case whether or not having the force of
      law.

     

    “L/C
      Advance”
means,
      with respect to each Revolving Credit Lender, such Lender’s funding of its
      participation in any L/C Borrowing in accordance with its Applicable Revolving
      Credit Percentage.

     

    “L/C
      Borrowing”
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
      Credit Extension”
means,
      with respect to any Letter of Credit, the issuance thereof or extension of
      the
      expiry date thereof, or the increase of the amount thereof.

     

    “L/C
      Issuer”
means
      Bank of America in its capacity as issuer of Letters of Credit hereunder, or
      any
      successor or additional issuer of Letters of Credit hereunder.

     

    “L/C
      Obligations”
means,
      as at any date of determination, the aggregate amount available to be drawn
      under all outstanding Letters of Credit plus
      the
      aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For
      purposes of computing the amount available to be drawn under any Letter of
      Credit, the amount of such Letter of Credit shall be determined in accordance
      with Section
      1.06.
      For all
      purposes of this Agreement, if on any date of determination a Letter of Credit
      has expired by its terms but any amount may still be drawn thereunder by reason
      of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed
      to be “outstanding” in the amount so remaining available to be
      drawn.

     

    “Lead
      Arrangers”
means
      Banc of America Securities LLC and Lehman Brothers Inc., each in their
      respective capacity as joint lead arranger and joint book manager.

     

    “Lender”
has
      the
      meaning specified in the introductory paragraph hereto and, as the context
      requires, includes the Swing Line Lender.

     

    “Lending
      Office”
means,
      as to any Lender, the office or offices of such Lender described as such in
      such
      Lender’s Administrative Questionnaire, or such other office or offices as a
      Lender may from time to time notify the Borrower and the Administrative
      Agent.

     

    “Letter
      of Credit”
means
      any standby or commercial letter of credit issued hereunder and shall include
      the Existing Letters of Credit.

     

    “Letter
      of Credit Application”
means
      an application and agreement for the issuance or amendment of a Letter of Credit
      in the form from time to time in use by the L/C Issuer.

     

    “Letter
      of Credit Expiration Date”
means
      the day that is seven days prior to the Maturity Date then in effect for the
      Revolving Credit Facility (or, if such day is not a Business Day, the next
      preceding Business Day).

     

    

    
      
        
          
          

        

        
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    “Letter
      of Credit Fee”
has
      the
      meaning specified in Section
      2.03(i).

     

    “Letter
      of Credit Sublimit”
means
      an amount equal to $50,000,000. The Letter of Credit Sublimit is part of, and
      not in addition to, the Revolving Credit Facility.

     

    “Lien”
means
      any mortgage, pledge, hypothecation, assignment, deposit arrangement,
      encumbrance, lien (statutory or other), charge, or preference, priority or
      other
      security interest or preferential arrangement in the nature of a security
      interest of any kind or nature whatsoever (including any conditional sale or
      other title retention agreement, any easement, right of way or other encumbrance
      on title to real property, and any financing lease having substantially the
      same
      economic effect as any of the foregoing).

     

    “Loan”
means
      an extension of credit by a Lender to the Borrower under Article
      II
      in the
      form of a Term Loan, a Revolving Credit Loan or a Swing Line Loan.

     

    “Loan
      Documents”
means,
      collectively, (a) this Agreement, (b) the Notes, (c) the Guaranty, (d) the
      Collateral Documents, (e) the Fee Letters, (f) each Issuer Document,
      (g) each Secured Hedge Agreement, (h) each Cash Management Agreement, (i)
      each Joinder Agreement and (j) all other documents and agreements executed
      and
      delivered in connection with the Obligations hereunder.

     

    “Loan
      Notice”
means
      a
      notice of (a) a Term Borrowing, (b) a Revolving Credit Borrowing, (c) a
      conversion of Loans from one Type to the other, or (d) a continuation of
      Eurodollar Rate Loans, in each case pursuant to Section
      2.02(a).
      Each
      Loan Notice, if in writing, shall be substantially in the form of Exhibit
      A.

     

    “Loan
      Parties”
means,
      collectively, the Borrower and each Guarantor.

     

    “Loss
      Proceeds”
means
      the sum of (a) all Insurance Proceeds and (b) all Condemnation Awards, and
      payments in lieu thereof.

     

    “Material
      Adverse Effect”
means
      (a) a material adverse change in, or a material adverse effect upon, the
      operations, business, properties, liabilities (actual or contingent) or
      condition (financial or otherwise) of the Loan Parties taken as a whole; (b)
      a
      material impairment of the rights and remedies of the Administrative Agent
      or
      any Lender under any Loan Document, or of the ability of any Loan Party to
      perform its obligations under any Loan Document to which it is a party; or
      (c) a
      material adverse effect upon the legality, validity, binding effect or
      enforceability against any Loan Party of any Loan Document to which it is a
      party.

     

    “Material
      Contract”
means,
      with respect to any Loan Party, each contract or agreement listed on
Schedule
      1.02
      hereto
      and each other contract or agreement entered into after the Closing Date by
      any
      Loan Party the breach or termination of which could reasonably be expected
      to
      have a Material Adverse Effect.

     

    “Maturity
      Date”
means
      (a) with respect to the Revolving Credit Facility, June 21, 2012, (b) with
      respect to the Term B Facility, June 21, 2013 and (c) with respect to any
      Additional Term Facility, the date set forth in the Credit Agreement Supplement
      establishing such Additional Term Facility, but in no event earlier than June
      21, 2013; provided,
      however,
      

     

    

    
      
        
          
          

        

        
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    that,
      in
      each case, if such date is not a Business Day, the Maturity Date shall be the
      next preceding Business Day.

     

    “Maximum
      CapEx Amount”
has
      the
      meaning specified in Section
      7.12.

     

    “Maximum
      Dividend Amount”
has
      the
      meaning specified in Section
      7.06(d).

     

    “Measurement
      Period”
means,
      at any date of determination, the most recently completed four fiscal quarters
      of the Borrower or, if fewer than four consecutive fiscal quarters of the
      Borrower have been completed since the Closing Date, the fiscal quarters of
      the
      Borrower that have been completed since the Closing Date; provided
      that:
      (a) for purposes of calculations of Consolidated Adjusted EBITDA, Consolidated
      Net Income, Consolidated Interest Charges and their component financial amounts
      for the Measurement Period ended March 31, 2006, such amounts shall equal actual
      Consolidated Adjusted EBITDA, Consolidated Net Income, Consolidated Interest
      Charges and their component financial amounts for the fiscal quarters ended
      December 31, 2005 and March 31, 2006, multiplied
      by two
      (2); and (b) for purposes of calculations of Consolidated Adjusted EBITDA,
      Consolidated Net Income, Consolidated Interest Charges and their component
      financial amounts for the Measurement Period ended June 30, 2006, such amounts
      shall equal actual Consolidated Adjusted EBITDA, Consolidated Net Income,
      Consolidated Interest Charges and their component financial amounts for the
      fiscal quarters ended December 31, 2005, March 31, 2006 and June 30, 2006,
      multiplied
      by
      four-thirds (4/3).

     

    “Moody’s”
means
      Moody’s Investors Service, Inc. and any successor thereto.

     

    “Mortgage”
has
      the
      meaning specified in Section 4.01(a)(iv).

     

    “Mortgage
      Policy”
has
      the
      meaning specified in Section 4.01(a)(iv)(B).

     

    “Multiemployer
      Plan”
means
      any employee benefit plan of the type described in Section 4001(a)(3) of
      ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to
      make contributions, or during the preceding five plan years, has made or been
      obligated to make contributions.

     

    “Net
      Cash Proceeds”
      means:

     

    (a) with
      respect to any Disposition by any Loan Party or any of its Subsidiaries, the
      excess, if any, of (i) the sum of cash and Cash Equivalents received in
      connection with such transaction (including any cash or Cash Equivalents
      received by way of deferred payment pursuant to, or by monetization of, a note
      receivable or otherwise, but only as and when so received) over (ii) the sum
      of
      (A) the principal amount of any Indebtedness that is secured by the applicable
      asset and that is required to be repaid in connection with such transaction
      (other than Indebtedness under the Loan Documents), (B) the reasonable and
      customary out-of-pocket expenses incurred by such Loan Party or such Subsidiary
      in connection with such transaction and (C) income taxes reasonably estimated
      to
      be actually payable within two years of the date of the relevant transaction
      as
      a result of any gain recognized in connection therewith; provided
      that, if
      the amount of any estimated taxes pursuant to subclause (C) exceeds the amount
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    actually
      required to be paid in cash in respect of such Disposition, the aggregate amount
      of such excess shall constitute Net Cash Proceeds; and

     

    (b) with
      respect to the incurrence or issuance of any Indebtedness by any Loan Party
      or
      any of its Subsidiaries, the excess of (i) the sum of the cash and Cash
      Equivalents received in connection with such transaction over (ii) the
      underwriting discounts and commissions, and other reasonable and customary
      out-of-pocket expenses, incurred by such Loan Party or such Subsidiary in
      connection therewith.

     

    “Non-Extension
      Notice Date”
has
      the
      meaning specified in Section
      2.03(b)(iii).

     

    “Note”
means
      a
      Term B Note, an Additional Term Note or a Revolving Credit Note, as the
      context may require.

     

    “NPL”
means
      the National Priorities List under CERCLA.

     

    “Obligations”
means
      all advances to, and debts, liabilities, obligations, covenants and duties
      of,
      any Loan Party arising under any Loan Document or otherwise with respect to
      any
      Loan or Letter of Credit, whether direct or indirect (including those acquired
      by assumption), absolute or contingent, due or to become due, now existing
      or
      hereafter arising and including interest and fees that accrue after the
      commencement by or against any Loan Party or any Affiliate thereof of any
      proceeding under any Debtor Relief Laws naming such Person as the debtor in
      such
      proceeding, regardless of whether such interest and fees are allowed claims
      in
      such proceeding.

     

    “OECD”
means
      the Organization for Economic Cooperation and Development.

     

    “Organization
      Documents”
means,
      (a) with respect to any corporation, the certificate or articles of
      incorporation and the bylaws (or equivalent or comparable constitutive documents
      with respect to any non-U.S. jurisdiction); (b) with respect to any limited
      liability company, the certificate or articles of formation or organization
      and
      operating agreement; and (c) with respect to any partnership, joint venture,
      trust or other form of business entity, the partnership, joint venture or other
      applicable agreement of formation or organization and any agreement, instrument,
      filing or notice with respect thereto filed in connection with its formation
      or
      organization with the applicable Governmental Authority in the jurisdiction
      of
      its formation or organization and, if applicable, any certificate or articles
      of
      formation or organization of such entity.

     

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

     

    “Outstanding
      Amount”
means
      (a) with respect to all Term Loans, Revolving Credit Loans and Swing Line Loans
      on any date, the aggregate outstanding principal amount thereof after giving
      effect to any borrowings and prepayments or repayments of Term Loans, Revolving
      Credit Loans and Swing Line Loans, as the case may be, occurring on such date;
      and (b) with respect to any L/C Obligations on any date, the amount of such
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    date
      after giving effect to any L/C Credit Extension occurring on such date and
      any
      other changes in the aggregate amount of the L/C Obligations as of such date,
      including as a result of any reimbursements by the Borrower of Unreimbursed
      Amounts.

     

    “Participant”
has
      the
      meaning specified in Section
      11.06(d).

     

    “PBGC”
means
      the Pension Benefit Guaranty Corporation.

     

    “PCAOB”
means
      the Public Company Accounting Oversight Board.

     

    “Pension
      Plan”
means
      any “employee pension benefit plan” (as such term is defined in Section 3(2) of
      ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA
      and is sponsored or maintained by the Borrower or any ERISA Affiliate or to
      which the Borrower or any ERISA Affiliate contributes or has an obligation
      to
      contribute, or in the case of a multiple employer or other plan described in
      Section 4064(a) of ERISA, has made contributions at any time during the
      immediately preceding five plan years.

     

    “Perfection
      Certificate”
has
      the
      meaning given such term in Section
      1.03
      of the
      Security Agreement.

     

    “Permitted
      Encumbrances”
has
      the
      meaning (if any) specified in the Mortgages and includes any Liens on any real
      property interests of any Loan Party permitted to be created, incurred or
      assumed, or otherwise permitted to exist, pursuant to the terms of any
      Mortgage.

     

    “Permitted
      Holders”
means
      Robert G. Burton, Sr., his immediate family and their heirs and estates and
      any
      Person (other than a natural Person and Holdings and its Subsidiaries) that
      is
      wholly-owned or otherwise directly Controlled by any of the foregoing,
      including, without limitation, Burton Capital Management, LLC.

     

    “Person”
means
      any natural person, corporation, limited liability company, trust, joint
      venture, association, company, partnership, Governmental Authority or other
      entity.

     

    “Plan”
means
      any “employee benefit plan” (as such term is defined in Section 3(3) of
      ERISA) established by the Borrower. 

     

    “Platform”
has
      the
      meaning specified in Section
      6.02.

     

    “Pledged
      Debt”
has
      the
      meaning specified in Section
      2.01
      of the
      Security Agreement.

     

    “Pledged
      Equity”
has
      the
      meaning specified in Section
      2.01
      of the
      Security Agreement.

     

    “Pro
      Forma Basis”
has
      the
      meaning specified in Section
      1.03.

     

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

     

    

    
      
        
          
          

        

        
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    “Registered
      Public Accounting Firm”
has
      the
      meaning specified by the Securities Laws and shall be independent of Holdings
      as
      prescribed by the Securities Laws.

     

    “Related
      Documents”
means
      (a) the Tender Offer Documents, (b) the Subordinated Notes Documents and (c)
      all
      Material Contracts.

     

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

     

    “Reportable
      Event”
means
      any of the events set forth in Section 4043(c) of ERISA, other than events
      for
      which the 30 day notice period has been waived.

     

    “Request
      for Credit Extension”
means
      (a) with respect to a Borrowing, conversion or continuation of Term Loans or
      Revolving Credit Loans, a Loan Notice, (b) with respect to an L/C Credit
      Extension, a Letter of Credit Application, and (c) with respect to a Swing
      Line
      Loan, a Swing Line Loan Notice.

     

    “Required
      Lenders”
means,
      as of any date of determination, Lenders holding more than 50% of the sum of
      the
      (a) Total Outstandings (with the aggregate amount of each Revolving Credit
      Lender’s risk participation and funded participation in L/C Obligations and
      Swing Line Loans being deemed “held” by such Revolving Credit Lender for
      purposes of this definition) and (b) aggregate unused Revolving Credit
      Commitments; provided
      that the
      unused Revolving Credit Commitment of, and the portion of the Total Outstandings
      held or deemed held by, any Defaulting Lender shall be excluded for purposes
      of
      making a determination of Required Lenders.

     

    “Required
      Revolving Lenders”
means,
      as of any date of determination, Revolving Credit Lenders holding more than
      50%
      of the sum of the (a) Total Revolving Credit Outstandings (with the
      aggregate amount of each Revolving Credit Lender’s risk participation and funded
      participation in L/C Obligations and Swing Line Loans being deemed “held” by
      such Revolving Credit Lender for purposes of this definition) and
      (b) aggregate unused Revolving Credit Commitments; provided
      that the
      unused Revolving Credit Commitment of, and the portion of the Total Revolving
      Credit Outstandings held or deemed held by, any Defaulting Lender shall be
      excluded for purposes of making a determination of Required Revolving
      Lenders.

     

    “Required
      Additional Term Lenders”
means,
      as of any date of determination, Term Lenders holding more than 50% of any
      Additional Term Facility on such date; provided
      that the
      portion of the Additional Term Facility held by any Defaulting Lender shall
      be
      excluded for purposes of making a determination of Required Additional Term
      Lenders.

     

    “Required
      Term B Lenders”
means,
      as of any date of determination, Term B Lenders holding more than 50% of the
      Term B Facility on such date; provided
      that the
      portion of the Term B Facility held by any Defaulting Lender shall be excluded
      for purposes of making a determination of Required Term B Lenders.

     

    

    
      
        
          
          

        

        
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    “Required
      Term Lenders”
means,
      as of any date of determination, Term Lenders holding more than 50% of the
      Term
      Facilities on such date, provided that the portion of the Term Facilities held
      by any Defaulting Lender shall be excluded for purposes of making a
      determination of Required Term Lenders.

     

    “Responsible
      Officer”
means
      the chief executive officer, president, chief financial officer, treasurer,
      assistant treasurer or controller of a Loan Party. Any document delivered
      hereunder that is signed by a Responsible Officer of a Loan Party shall be
      conclusively presumed to have been authorized by all necessary corporate,
      partnership and/or other action on the part of such Loan Party and such
      Responsible Officer shall be conclusively presumed to have acted on behalf
      of
      such Loan Party.

     

    “Restricted
      Payment”
means
      any dividend or other distribution (whether in cash, securities or other
      property) with respect to any capital stock or other Equity Interest of any
      Person or any of its Subsidiaries, or any payment (whether in cash, securities
      or other property), including any sinking fund or similar deposit, on account
      of
      the purchase, redemption, retirement, defeasance, acquisition, cancellation
      or
      termination of any such capital stock or other Equity Interest, or on account
      of
      any return of capital to any Person’s stockholders, partners or members (or the
      equivalent of any thereof), or any option, warrant or other right to acquire
      any
      such dividend or other distribution or payment.

     

    “Revolving
      Credit Borrowing”
means
      a
      borrowing consisting of simultaneous Revolving Credit Loans of the same Type
      and, in the case of Eurodollar Rate Loans, having the same Interest Period
      made
      by each of the Revolving Credit Lenders pursuant to Section
      2.01(b).

     

    “Revolving
      Credit Commitment”
means,
      as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit
      Loans to the Borrower pursuant to Section
      2.01(b),
      (b)
      purchase participations in L/C Obligations, and (c) purchase participations
      in
      Swing Line Loans, in an aggregate principal amount at any one time outstanding
      not to exceed the amount set forth opposite such Lender’s name on Schedule
      2.01
      under
      the caption “Revolving Credit Commitment” or opposite such caption in the
      Assignment and Assumption pursuant to which such Lender becomes a party hereto,
      as applicable, as such amount may be adjusted from time to time in accordance
      with this Agreement.

     

    “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,
      at any time, any Lender that has a Revolving Credit Commitment at such time
      or
      (b) if the Revolving Credit Commitments have terminated or expired, holds a
      Revolving Credit Loan or a participation in L/C Obligations or Swing Line Loans
      at such time.

     

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

     

    “Revolving
      Credit Note”
means
      a
      promissory note made by the Borrower in favor of a Revolving Credit Lender
      evidencing Revolving Credit Loans or Swing Line Loans, as the case may be,
      made
      by such Revolving Credit Lender, substantially in the form of Exhibit C-2.

     

    

    
      
        
          
          

        

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

     

    “Sarbanes-Oxley”
means
      the Sarbanes-Oxley Act of 2002.

     

    “SEC”
means
      the Securities and Exchange Commission, or any Governmental Authority succeeding
      to any of its principal functions.

     

    “Secured
      Hedge Agreement”
means
      any interest rate Swap Contract permitted under Article
      VI
      or
VII
      that is
      entered into by and between the Borrower and any Hedge Bank.

     

    “Secured
      Parties”
means,
      collectively, the Administrative Agent, the Lenders, the L/C Issuer, the Hedge
      Banks, each co-agent or sub-agent appointed by the Administrative Agent from
      time to time pursuant to Section 9.05,
      and the
      other Persons the Obligations owing to which are or are purported to be secured
      by the Collateral under the terms of the Collateral Documents.

     

    “Securities
      Laws”
means
      the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley,
      and the applicable accounting and auditing principles, rules, standards and
      practices promulgated, approved or incorporated by the SEC or the
      PCAOB.

     

    “Security
      Agreement”
has
      the
      meaning specified in Section 4.01(a)(iii).

     

    “Security
      Agreement Supplement”
has
      the
      meaning specified in Section
      1.03
      of the
      Security Agreement.

     

    “Senior
      Notes”
means
      the 9-5/8% Senior Notes due 2012 issued pursuant to that certain Indenture
      dated
      as of March 13, 2002 among the Borrower (formerly known as “Mail-Well I
      Corporation”), the guarantors party thereto and U.S. Bank National Association
      (as successor to State Street Bank and Trust Company), as trustee.

     

    “Solvent”
and
      “Solvency”
mean,
      with respect to any Person on any date of determination, that on such date
      (a) the fair value of the property of such Person is greater than the total
      amount of liabilities, including 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, (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, and (e) such Person
      is
      able to pay its debts and liabilities, contingent obligations and other
      commitments as they mature in the ordinary course of business. 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.

     

    “Subordinated
      Notes”
means
      the 7-7/8% Senior Subordinated Notes due 2013 (Series A and Series B) issued
      pursuant to the Subordinated Notes Documents.

     

    

    
      
        
          
          

        

        
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    “Subordinated
      Notes Documents”
means
      the Indenture dated as of February 4, 2004 by and among the Borrower (formerly
      known as “Mail-Well I Corporation”), the guarantors party thereto and U.S. Bank
      National Association, as trustee, the Subordinated Notes and all other
      agreements, instruments and other documents pursuant to which the Subordinated
      Notes have been or will be issued or otherwise setting forth the terms of the
      Subordinated Notes.

     

    “Subsidiary”
of
      a
      Person means a corporation, partnership, joint venture, limited liability
      company or other business entity of which a majority of the shares of securities
      or other interests having ordinary voting power for the election of directors
      or
      other governing body (other than securities or interests having such power
      only
      by reason of the happening of a contingency) are at the time beneficially owned,
      or the management of which is otherwise controlled, directly, or indirectly
      through one or more intermediaries, or both, by such Person. Unless otherwise
      specified, all references herein to a “Subsidiary”
or
      to
“Subsidiaries”
shall
      refer to a Subsidiary or Subsidiaries of Holdings.

     

    “Supremex
      Disposition”
means
      the sale or other disposition of the Borrower’s interest in the Supremex Income
      Fund, an unincorporated open-ended trust established under the laws of the
      Province of Québec.

     

    “Swap
      Contract”
means
      (a) any and all rate swap transactions, basis swaps, credit derivative
      transactions, forward rate transactions, commodity swaps, commodity options,
      forward commodity contracts, equity or equity index swaps or options, bond
      or
      bond price or bond index swaps or options or forward bond or forward bond price
      or forward bond index transactions, interest rate options, forward foreign
      exchange transactions, cap transactions, floor transactions, collar
      transactions, currency swap transactions, cross-currency rate swap transactions,
      currency options, spot contracts, or any other similar transactions or any
      combination of any of the foregoing (including any options to enter into any
      of
      the foregoing), whether or not any such transaction is governed by or subject
      to
      any master agreement, and (b) any and all transactions of any kind, and the
      related confirmations, which are subject to the terms and conditions of, or
      governed by, any form of master agreement published by the International Swaps
      and Derivatives Association, Inc., any International Foreign Exchange Master
      Agreement, or any other master agreement governing any transaction described
      in
      clause (a) above (any such master agreement, together with any related
      schedules, a “Master
      Agreement”),
      including any such obligations or liabilities under any Master
      Agreement.

     

    “Swap
      Termination Value”
means,
      in respect of any one or more Swap Contracts, after taking into account the
      effect of any legally enforceable netting agreement relating to such Swap
      Contracts, (a) for any date on or after the date such Swap Contracts have been
      closed out and termination value(s) determined in accordance therewith, such
      termination value(s), and (b) for any date prior to the date referenced in
      clause (a), the amount(s) determined as the mark-to-market value(s) for such
      Swap Contracts, as determined based upon one or more mid-market or other readily
      available quotations provided by any recognized dealer in such Swap Contracts
      (which may include a Lender or any Affiliate of a Lender).

     

    “Swing
      Line”
means
      the revolving credit facility made available by the Swing Line Lender pursuant
      to Section
      2.04.

     

    

    
      
        
          
          

        

        
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    “Swing
      Line Borrowing”
means
      a
      borrowing of a Swing Line Loan pursuant to Section
      2.04.

     

    “Swing
      Line Lender”
means
      Bank of America in its capacity as provider of Swing Line Loans, or any
      successor swing line lender hereunder.

     

    “Swing
      Line Loan”
has
      the
      meaning specified in Section
      2.04(a).

     

    “Swing
      Line Loan Notice”
means
      a
      notice of a Swing Line Borrowing pursuant to Section
      2.04(b),
      which,
      if in writing, shall be substantially in the form of Exhibit
      B.

     

    “Swing
      Line Sublimit”
means
      an amount equal to the lesser of (a) $25,000,000 and (b) the Revolving Credit
      Facility. The Swing Line Sublimit is part of, and not in addition to, the
      Revolving Credit Facility.

     

    “Synthetic
      Debt”
means,
      with respect to any Person as of any date of determination thereof, all
      obligations of such Person in respect of transactions entered into by such
      Person that are intended to function primarily as a borrowing of funds
      (including any minority interest transactions that function primarily as a
      borrowing) but are not otherwise included in the definition of “Indebtedness”
or
      as a
      liability on the consolidated balance sheet of such Person and its Subsidiaries
      in accordance with GAAP.

     

    “Synthetic
      Lease Obligation”
means
      the monetary obligation of a Person under (a) a so-called synthetic, off-balance
      sheet or tax retention lease, or (b) an agreement for the use or possession
      of
      property (including sale and leaseback transactions), in each case, creating
      obligations that do not appear on the balance sheet of such Person but which,
      upon the application of any Debtor Relief Laws to such Person, would be
      characterized as the indebtedness of such Person (without regard to accounting
      treatment). 

     

    “Taxes”
means
      all present or future taxes, levies, imposts, duties, deductions, withholdings,
      assessments, fees or other charges imposed by any Governmental Authority,
      including any interest, additions to tax or penalties applicable
      thereto.

     

    “Tender
      Offer”
means
      the tender offer for and repurchase of all of Senior Notes.

     

    “Tender
      Offer Documents”
means
      the offer to Purchase and Consent Solicitation Statement and the Letter of
      Transmittal and Consent, each prepared in connection with the Tender
      Offer.

     

    “Term
      B
      Borrowing”
means
      a
      borrowing consisting of simultaneous Term B Loans of the same Type and, in
      the
      case of Eurodollar Rate Loans, having the same Interest Period made by each
      of
      the Term B Lenders pursuant to Section
      2.01(a)(i)
      or
      pursuant to any increase in the Term B Facility pursuant to Section
      2.14
      and in
      accordance with the Credit Agreement Supplement applicable to such
      borrowing.

     

    “Term
      B
      Commitment”
means,
      as to each Term B
      Lender,
      its obligation to make Term B Loans to the Borrower pursuant to Section
      2.01(a)(i)
      in an
      aggregate principal amount at any one time outstanding not to exceed the amount
      set forth opposite such Lender’s name on 

     

    

    
      
        
          
          

        

        
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    Schedule
      2.01
      under
      the caption “Term B Commitment” or opposite such caption in the Assignment and
      Assumption pursuant to which such Term B Lender becomes a party hereto, as
      applicable, as such amount may be increased pursuant to Section
      2.14
      or
      otherwise adjusted from time to time in accordance with this
      Agreement.

     

    “Term
      B
      Facility”
means,
      at any time, (a) on or prior to the Closing Date, the aggregate amount of
      the Term B Commitments at such time and (b) thereafter, the aggregate
      principal amount of the Term B Loans of all Term B Lenders outstanding at
      such time.

     

    “Term
      B
      Lender”
means
      at any time, (a) on or prior to the Closing Date, any Lender that has a Term
      B
      Commitment at such time and (b) at any time after the Closing Date, any Lender
      that holds Term B Loans at such time.

     

    “Term
      B
      Loan”
means
      an advance made by any Term B Lender under the Term B
      Facility.

     

    “Term
      B
      Note”
means
      a
      promissory note made by the Borrower in favor of a Term B Lender,
      evidencing Term B Loans made by such Term B Lender, substantially in
      the form of Exhibit C-1.

     

    “Term
      Borrowing”
means
      a
      Term B Borrowing or an Additional Term Borrowing.

     

    “Term
      Commitment”
means
      the Term B Commitment or an Additional Term Commitment.

     

    “Term
      Facility”
means
      the Term B Facility or an Additional Term Facility.

     

    “Term
      Facility Increase Effective Date”
has
      the
      meaning specified in Section
      2.14(d).
      

     

    “Term
      Lender”
means
      a
      Term B Lender, an Additional Term Lender or any other Lender that has an
      Additional Term Commitment or holds any Additional Term Loans.

     

    “Term
      Loan”
means
      a
      Term B Loan or an Additional Term Loan.

     

    “Threshold
      Amount”
means
      $35,000,000.

     

    “Total
      Revolving Credit Outstandings”
means
      the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line
      Loans
      and L/C Obligations.

     

    “Total
      Outstandings”
means
      the aggregate Outstanding Amount of all Loans and all L/C
      Obligations.

     

    “Transaction” means,
      collectively, (a) the consummation of the Tender Offer, (b) the entering into
      by
      the Loan Parties and their applicable Subsidiaries of the Loan Documents to
      which they are or are intended to be a party, and (c) the payment of the fees
      and expenses incurred in connection with the consummation of the
      foregoing.

     

    

    
      
        
          
          

        

        
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    “Type”
means,
      with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate
      Loan.

     

    “UCC”
means
      the Uniform Commercial Code as in effect in the State of New York; provided
      that, if
      perfection or the effect of perfection or non-perfection or the priority of
      any
      security interest in any Collateral is governed by the Uniform Commercial Code
      as in effect in a jurisdiction other than the State of New York, “UCC”
means
      the Uniform Commercial Code as in effect from time to time in such other
      jurisdiction for purposes of the provisions hereof relating to such perfection,
      effect of perfection or non-perfection or priority.

     

    “Unfunded
      Pension Liability”
means
      the excess of a Pension Plan’s benefit liabilities under
      Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s
      assets, determined in accordance with the assumptions used for funding the
      Pension Plan pursuant to Section 412 of the Code for the applicable plan
      year.

     

    “United
      States”
and
      “U.S.”
mean
      the United States of America.

     

    “Unreimbursed
      Amount”
has
      the
      meaning specified in Section
      2.03(c)(i).

     

    “U.S.
      Loan Party”
means
      any Loan Party that is organized under the laws of one of the states of the
      United States of America and that is not a CFC.

     

    1.02  Other
      Interpretive Provisions.
      With
      reference to this Agreement and each other Loan Document, unless otherwise
      specified herein or in such other Loan Document:

     

    (a)  The
      definitions of terms herein shall apply equally to the singular and plural
      forms
      of the terms defined. Whenever the context may require, any pronoun shall
      include the corresponding masculine, feminine and neuter forms. The words
“include,”
      “includes”
and
      “including”
shall
      be deemed to be followed by the phrase “without limitation.” The word
“will”
shall
      be construed to have the same meaning and effect as the word “shall.”
Unless
      the context requires otherwise, (i) any definition of or reference to any
      agreement, instrument or other document (including any Organization Document)
      shall be construed as referring to such agreement, instrument or other document
      as from time to time amended, supplemented or otherwise modified (subject to
      any
      restrictions on such amendments, supplements or modifications set forth herein
      or in any other Loan Document), (ii) any reference herein to any Person shall
      be
      construed to include such Person’s successors and assigns, (iii) the words
“herein,”
      “hereof”
and
      “hereunder,”
and
      words of similar import when used in any Loan Document, shall be construed
      to
      refer to such Loan Document in its entirety and not to any particular provision
      thereof, (iv) all references in a Loan Document to Articles, Sections,
      Preliminary Statements, Exhibits and Schedules shall be construed to refer
      to
      Articles and Sections of, and Preliminary Statements, Exhibits and Schedules
      to,
      the Loan Document in which such references appear, (v) any reference to any
      law
      shall include all statutory and regulatory provisions consolidating, amending,
      replacing or interpreting such law and any reference to any law or regulation
      shall, unless otherwise specified, refer to such law or 

     

    

    
      
        
          
          

        

        
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    regulation
      as amended, modified or supplemented from time to time, and (vi) the words
      “asset”
and
      “property”
shall
      be construed to have the same meaning and effect and to refer to any and all
      tangible and intangible assets and properties, including cash, securities,
      accounts and contract rights.

     

    (b)  In
      the
      computation of periods of time from a specified date to a later specified date,
      the word “from”
means
      “from
      and including;”
the
      words “to”
and
      “until”
each
      mean “to
      but
      excluding;”
and
      the word “through”
means
      “to
      and
      including.”

     

    (c)  Section
      headings herein and in the other Loan Documents are included for convenience
      of
      reference only and shall not affect the interpretation of this Agreement or
      any
      other Loan Document.

     

    1.03  Accounting
      Terms.
      

     

    (a)  Generally.
      All
      accounting terms not specifically or completely defined herein shall be
      construed in conformity with, and all financial data (including financial ratios
      and other financial calculations) required to be submitted pursuant to this
      Agreement shall be prepared in conformity with, GAAP applied on a consistent
      basis, as in effect from time to time, applied in a manner consistent with
      that
      used in preparing the Audited Financial Statements, except
      as
      otherwise specifically prescribed herein.

     

    (b)  Changes
      in GAAP.
      If at
      any time any change in GAAP would affect the computation of any financial ratio
      or requirement set forth in any Loan Document, and either the Borrower or the
      Required Lenders shall so request, the Administrative Agent, the Lenders and
      the
      Borrower shall negotiate in good faith to amend such ratio or requirement to
      preserve the original intent thereof in light of such change in GAAP (subject
      to
      the approval of the Required Lenders); provided
      that,
      until so amended, (i) such ratio or requirement shall continue to be computed
      in
      accordance with GAAP prior to such change therein and (ii) the Borrower
      shall provide to the Administrative Agent and the Lenders financial statements
      and other documents required under this Agreement or as reasonably requested
      hereunder setting forth a reconciliation between calculations of such ratio
      or
      requirement made before and after giving effect to such change in
      GAAP.

     

    (c)  Pro
      Forma Calculations.
      Notwithstanding anything herein to the contrary, any calculation of the
      Consolidated Leverage Ratio and the Consolidated
      Interest Coverage Ratio
      for any
      Measurement Period during which an Acquisition or Disposition shall have
      occurred (or shall be deemed to have occurred for the purposes described in
      clause
      (iii)
      of this
Section
      1.03(c))
      shall
      each be made on a Pro Forma Basis for purposes of making the following
      determinations:

     

    (i)  determining
      the applicable pricing level under the definitions of “Applicable Rate” and
“Applicable Commitment Fee Percentage”;

     

    (ii)  determining
      compliance with the Consolidated Leverage Ratio and the Consolidated
      Interest Coverage Ratio
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      than whether the conditions precedent for a 

     

    

    
      
        
          
          

        

        
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    proposed
      transaction have been satisfied as contemplated by subsection
      (iii)
      of this
Section
      1.03(c));

     

    (iii)  determining
      whether the conditions precedent have been satisfied for a proposed transaction
      which is permitted hereunder only so long as no Default will result from the
      consummation thereof, including, without limitation, any Disposition or any
      Investment which results in an Acquisition; and

     

    (iv)  determining
      whether a mandatory prepayment is required to be made by the Borrower pursuant
      to Section 2.05(b)(ii) or (v).

     

    “Pro
      Forma Basis”
means,
      for purposes of calculating any financial ratio (including the Consolidated
      Leverage Ratio and the Consolidated Interest Coverage Ratio) or financial amount
      for any Measurement Period for any of the purposes specified in this
Section
      1.03(c),
      and
      with respect to each proposed Acquisition or Disposition and each such
      transaction actually consummated in such Measurement Period, that such financial
      ratio or financial amount shall be calculated on a pro forma basis based on
      the
      following assumptions: (a) each such transaction shall be deemed to have
      occurred on the first day of such Measurement Period; (b) any funds to be used
      by any Person in consummating any such transaction will be assumed to have
      been
      used for that purpose as of the first day of such Measurement Period; (c) any
      Indebtedness to be incurred by any Person in connection with the consummation
      of
      any such transaction will be assumed to have been incurred on the first day
      of
      such Measurement Period; (d) the gross interest expenses, determined in
      accordance with GAAP, with respect to such Indebtedness assumed to have been
      incurred on the first day of such Measurement Period that bears interest at
      a
      floating rate shall be calculated at the current rate (as of the date of such
      calculation) under the agreement governing such Indebtedness (including this
      Agreement if the Indebtedness is incurred hereunder); and (e) any gross interest
      expense, determined in accordance with GAAP, with respect to Indebtedness
      outstanding during such Measurement Period that was or is to be refinanced
      with
      proceeds of a transaction assumed to have been incurred as of the first day
      of
      the Measurement Period will be excluded from such calculations (and to the
      extent not already excluded pursuant to clause (a) or (b) above, the principal
      amount of such Indebtedness shall be excluded). “Pro Forma Basis” may also
      include such adjustments for expected cost savings as forecasted by the Borrower
      in a reasonable manner with appropriate supporting documentation and
      representations by management, reasonably satisfactory to the Administrative
      Agent.

     

    (d)  Consolidation
      of Variable Interest Entities.
      All
      references herein to consolidated financial statements of Holdings and its
      Subsidiaries or to the determination of any amount for Holdings and its
      Subsidiaries on a consolidated basis or any similar reference shall, in each
      case, be deemed to include each variable interest entity that Holdings is
      required to consolidate pursuant to FASB Interpretation No. 46 - Consolidation
      of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003)
      as
      if such variable interest entity were a Subsidiary as defined
      herein.

     

    1.04  Rounding.
      Any
      financial ratios required to be maintained by the Borrower pursuant to this
      Agreement shall be calculated by dividing the appropriate component by the
      other
      component, carrying the result to one place more than the number of places
      by

     

    

    
      
        
          
          

        

        
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    which
      such ratio is expressed herein and rounding the result up or down to the nearest
      number (with a rounding-up if there is no nearest number).

     

    1.05  Times
      of Day.
      Unless
      otherwise specified, all references herein to times of day shall be references
      to Eastern time (daylight or standard, as applicable).

     

    1.06  Letter
      of Credit Amounts.
      Unless
      otherwise specified herein, the amount of a Letter of Credit at any time shall
      be deemed to be the stated amount of such Letter of Credit in effect at such
      time; provided,
      however,
      that
      with respect to any Letter of Credit that, by its terms or the terms of any
      Issuer Document related thereto, provides for one or more automatic increases
      in
      the stated amount thereof, the amount of such Letter of Credit shall be deemed
      to be the maximum stated amount of such Letter of Credit after giving effect
      to
      all such increases, whether or not such maximum stated amount is in effect
      at
      such time.

     

    ARTICLE
      II  

    THE
      COMMITMENTS AND CREDIT EXTENSIONS

     

    2.01  The
      Loans.
      

     

    (a)  Term
      Borrowings.

     

    (i)  Term
      B
      Borrowings.
      Subject
      to the terms and conditions set forth herein, each Term B Lender severally
      agrees to make a single loan to the Borrower on the Closing Date in an amount
      not to exceed such Term B Lender’s Term B Commitment. The Term B
      Borrowing shall consist of Term B Loans made simultaneously by the
      Term B Lenders in accordance with their respective Term B Commitments.
      Amounts borrowed under this Section 2.01(a)(i)
      and
      repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate
      Loans or Eurodollar Rate Loans as further provided herein.

     

    (ii)  Additional
      Term Borrowings.
      The
      Borrower, the Administrative Agent and the applicable Lenders and Additional
      Term Lenders may establish and provide for Additional Term Facilities hereunder,
      or an increase in any existing Term Facility, in each case pursuant to the
      terms
      of one or more Credit Agreement Supplements in accordance with Section
      2.14.
      Amounts
      borrowed under this Section
      2.01(a)(ii)
      and the
      applicable Credit Agreement Supplement and repaid or prepaid may not be
      reborrowed. Additional Term Loans, and any other Term Loans made pursuant to
      this Section
      2.01(a)(iii)
      may be
      Base Rate Loans or Eurodollar Rate Loans as further provided in the applicable
      Credit Agreement Supplement.

     

    (b)  The
      Revolving Credit Borrowings.
      Subject
      to the terms and conditions set forth herein, each Revolving Credit Lender
      severally agrees to make loans (each such loan, a “Revolving
      Credit Loan”)
      to the
      Borrower from time to time, on any Business Day during the Availability Period,
      in an aggregate amount not to exceed at any time outstanding the amount of
      such
      Lender’s Revolving Credit Commitment; provided,
      however,
      that
      after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving
      Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii)
      the
      aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving
      Credit Lender plus
      such
      Revolving Credit Lender’s Applicable 

     

    

    
      
        
          
          

        

        
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    Revolving
      Credit Percentage of the Outstanding Amount of all L/C Obligations plus
      such
      Revolving Credit Lender’s Applicable Revolving Credit Percentage of the
      Outstanding Amount of all Swing Line Loans shall not exceed such Revolving
      Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving
      Credit Lender’s Revolving Credit Commitment, and subject to the other terms and
      conditions hereof, the Borrower may borrow under this Section
      2.01(b),
      prepay
      under Section
      2.05,
      and
      reborrow under this Section
      2.01(b).
      Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as
      further provided herein.

     

    2.02  Borrowings,
      Conversions and Continuations of Loans.
      

     

    (a)  Borrowings,
      Conversions and Continuations Generally.
      Each
      Term Borrowing, each Revolving Credit Borrowing, each conversion of Term Loans
      or Revolving Credit Loans from one Type to the other, and each continuation
      of
      Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to
      the Administrative Agent, which may be given by telephone. Each such notice
      must
      be received by the Administrative Agent not later than 12:00 Noon (i) three
      Business Days prior to the requested date of any Borrowing of, conversion to
      or
      continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate
      Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of
      Base Rate Loans; provided,
      however,
      that if
      the Borrower wishes to request Eurodollar Rate Loans having an Interest Period
      other than one, two, three or six months in duration as provided in the
      definition of “Interest Period,” (A) the applicable notice must be received by
      the Administrative Agent not later than 12:00 Noon four Business Days prior
      to
      the requested date of such Borrowing, conversion or continuation, whereupon
      the
      Administrative Agent shall give prompt notice to the Lenders of such request
      and
      determine whether the requested Interest Period is available to all of them,
      and
      (B) not later than 12:00 Noon, three Business Days before the requested date
      of
      such Borrowing, conversion or continuation, the Administrative Agent shall
      notify the Borrower (which notice may be by telephone) whether or not the
      requested Interest Period is available to all the Lenders. Each telephonic
      notice by the Borrower pursuant to this Section
      2.02(a)
      must be
      confirmed promptly by delivery to the Administrative Agent of a written Loan
      Notice, appropriately completed and signed by a Responsible Officer of the
      Borrower. Each Borrowing of, conversion to or continuation of Eurodollar Rate
      Loans shall be in a principal amount of $5,000,000 or a whole multiple of
      $1,000,000 in excess thereof. Except as provided in Sections
      2.03(c)
      and
2.04(c),
      each
      Borrowing of or conversion to Base Rate Loans shall be in a principal amount
      of
      $500,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice
      (whether telephonic or written) shall specify (i) whether the Borrower is
      requesting a Term B Borrowing, an Additional Term Borrowing, a Revolving
      Credit Borrowing, a conversion of Term Loans or Revolving Credit Loans from
      one
      Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the
      requested date of the Borrowing, conversion or continuation, as the case may
      be
      (which shall be a Business Day), (iii) the principal amount of Loans to be
      borrowed, converted or continued, (iv) the Type of Loans to be borrowed or
      to
      which existing Term Loans or Revolving Credit Loans are to be converted, and
      (v)
      if applicable, the duration of the Interest Period with respect thereto. If
      the
      Borrower fails to specify a Type of Loan in a Loan Notice or if the Borrower
      fails to give a timely notice requesting a conversion or continuation, then
      the
      applicable Term Loans or Revolving Credit Loans shall be made as, or converted
      to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall
      be
      effective as of the last day of the Interest Period then in effect with respect
      to the applicable Eurodollar Rate Loans. 

     

    

    
      
        
          
          

        

        
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    If
      the
      Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar
      Rate Loans in any such Loan Notice, but fails to specify an Interest Period,
      it
      will be deemed to have specified an Interest Period of one month.
      Notwithstanding anything to the contrary herein, a Swing Line Loan may not
      be
      converted to a Eurodollar Rate Loan.

     

    (b)  Notice
      to Lenders and Funding of Borrowings.
      Following receipt of a Loan Notice, the Administrative Agent shall promptly
      notify each Lender of the amount of its Applicable Percentage under the
      applicable Facility of the applicable Term B Loans, Additional Term Loans
      or Revolving Credit Loans, and if no timely notice of a conversion or
      continuation is provided by the Borrower, the Administrative Agent shall notify
      each Lender of the details of any automatic conversion to Base Rate Loans
      described in Section
      2.02(a).
      In the
      case of a Term  Borrowing or a Revolving Credit Borrowing, each Appropriate
      Lender shall make the amount of its Loan available to the Administrative Agent
      in immediately available funds at the Administrative Agent’s Office not later
      than 1:00 PM on the Business Day specified in the applicable Loan Notice. Upon
      satisfaction of the applicable conditions set forth in Section
      4.02
      (and, if
      such Borrowing is the initial Credit Extension, Section
      4.01),
      the
      Administrative Agent shall make all funds so received available to the Borrower
      on such Business Day in like funds as received by the Administrative Agent,
      either by (i) crediting the account of the Borrower on the books of Bank of
      America with the amount of such funds or (ii) wire transfer of such funds,
      in
      each case in accordance with instructions provided to (and reasonably acceptable
      to) the Administrative Agent by the Borrower; provided,
      however,
      that
      if, on the date a Loan Notice with respect to a Revolving Credit Borrowing
      is
      given by the Borrower, there are L/C Borrowings outstanding, then the proceeds
      of such Revolving Credit Borrowing, first,
      shall
      be applied to the payment in full of any such L/C Borrowings, and second,
      shall
      be made available to the Borrower as provided above. 

     

    (c)  Eurodollar
      Rate Loans.
      Except
      as otherwise provided herein, a Eurodollar Rate Loan may be continued or
      converted only on the last day of an Interest Period for such Eurodollar Rate
      Loan. During the existence of an Event of Default, no Loans may be requested
      as,
converted to or continued as Eurodollar Rate Loans without the consent of the
      Required Lenders.

     

    (d)  Notice
      of Interest Rate.
      The
      Administrative Agent shall promptly notify the Borrower and the Lenders of
      the
      interest rate applicable to any Interest Period for Eurodollar Rate Loans upon
      determination of such interest rate. At any time that Base Rate Loans are
      outstanding, the Administrative Agent shall notify the Borrower and the Lenders
      of any change in Bank of America’s prime rate used in determining the Base Rate
      promptly following the public announcement of such change.

     

    (e)  Interest
      Periods.
      After
      giving effect to all Term B Borrowings, all conversions of Term B
      Loans from one Type to the other, and all continuations of Term B Loans as
      the same Type, there shall not be more than 8 Interest Periods in effect in
      respect of the Term B Facility. After giving effect to all Revolving Credit
      Borrowings, all conversions of Revolving Credit Loans from one Type to the
      other, and all continuations of Revolving Credit Loans as the same Type, there
      shall not be more than 8 Interest Periods in effect in respect of the Revolving
      Credit Facility. The maximum number of Interest Periods in effect for any
      Additional Term Loans shall be set forth in the applicable Credit Agreement
      Supplement.

     

    
      

      
        
          
            
            

          

          
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    2.03  Letters
      of Credit.
      

     

    (a)  The
      Letter of Credit Commitment.
      

     

    (i)  Subject
      to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in
      reliance upon the agreements of the Revolving Credit Lenders set forth in this
      Section
      2.03,
      (1)
      from time to time on any Business Day during the period from the Closing Date
      until the Letter of Credit Expiration Date, to issue Letters of Credit for
      the
      account of the Borrower or its Subsidiaries or, only with respect to Existing
      Letters of Credit for the account of Holdings, Holdings, and to amend or extend
      Letters of Credit previously issued by it, in accordance with Section
      2.03(b),
      and (2)
      to honor drawings under the Letters of Credit; and (B) the Revolving Credit
      Lenders severally agree to participate in Letters of Credit issued for the
      account of the Borrower or its Subsidiaries or, only with respect to Existing
      Letters of Credit for the account of Holdings, Holdings, and any drawings
      thereunder; provided
      that
      after giving effect to any L/C Credit Extension with respect to any Letter
      of
      Credit, (x) the Total Revolving Credit Outstandings shall not exceed the
      Revolving Credit Facility, (y) the aggregate Outstanding Amount of the Revolving
      Credit Loans of any Revolving Credit Lender plus
      such
      Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all
      L/C Obligations plus
      such
      Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all
      Swing Line Loans shall not exceed such Lender’s Revolving Credit Commitment, and
      (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter
      of
      Credit Sublimit. Each request by the Borrower for the issuance or amendment
      of a
      Letter of Credit shall be deemed to be a representation by the Borrower that
      the
      L/C Credit Extension so requested complies with the conditions set forth in
      the
      proviso to the preceding sentence. Within the foregoing limits, and subject
      to
      the terms and conditions hereof, the Borrower’s ability to obtain Letters of
      Credit shall be fully revolving, and accordingly the Borrower may, during the
      foregoing period, obtain Letters of Credit to replace Letters of Credit that
      have expired or that have been drawn upon and reimbursed. All Existing Letters
      of Credit shall be deemed to have been issued pursuant hereto, and from and
      after the Closing Date shall be subject to and governed by the terms and
      conditions hereof.

     

    (ii)  The
      L/C
      Issuer shall not issue any Letter of Credit if:

     

    (A)  subject
      to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit
      would occur more than twelve months after the date of issuance or last
      extension, unless the L/C Issuer has approved such expiry date; or

     

    (B)  the
      expiry date of such requested Letter of Credit would occur after the Letter
      of
      Credit Expiration Date, unless all the Revolving Credit Lenders have approved
      such expiry date.

     

    (iii)  The
      L/C
      Issuer shall not be under any obligation to issue any Letter of Credit
      if:

    
      

      
        
          
            
            

          

          
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    (A)  any
      order, judgment or decree of any Governmental Authority or arbitrator shall
      by
      its terms purport to enjoin or restrain the L/C Issuer from issuing such Letter
      of Credit, or any Law applicable to the L/C Issuer or any request or directive
      (whether or not having the force of law) from any Governmental Authority with
      jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer
      refrain from, the issuance of letters of credit generally or such Letter of
      Credit in particular or shall impose upon the L/C Issuer with respect to such
      Letter of Credit any restriction, reserve or capital requirement (for which
      the
      L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing
      Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense
      which was not applicable on the Closing Date and which the L/C Issuer in good
      faith deems material to it;

     

    (B)  the
      issuance of such Letter of Credit would violate one or more policies of the
      L/C
      Issuer applicable to letters of credit generally; 

     

    (C)  except
      as
      otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter
      of
      Credit is in an initial stated amount less than $500,000; 

     

    (D)  such
      Letter of Credit is to be denominated in a currency other than
      Dollars;

     

    (E)  such
      Letter of Credit contains any provisions for automatic reinstatement of the
      stated amount after any drawing thereunder except in accordance with
Section
      2.03(b)(iii);
      or

     

    (F)  a
      default
      of any Lender’s obligations to fund under Section
      2.03(c)
      exists
      or any Lender is at such time a Defaulting Lender hereunder, unless the L/C
      Issuer has entered into satisfactory arrangements with the Borrower or such
      Lender to eliminate the L/C Issuer’s risk with respect to such
      Lender.

     

    (iv)  The
      L/C
      Issuer shall not amend any Letter of Credit if the L/C Issuer would not be
      permitted at such time to issue such Letter of Credit in its amended form under
      the terms hereof.

     

    (v)  The
      L/C
      Issuer shall be under no obligation to amend any Letter of Credit if (A) the
      L/C
      Issuer would have no obligation at such time to issue such Letter of Credit
      in
      its amended form under the terms hereof, or (B) the beneficiary of such Letter
      of Credit does not accept the proposed amendment to such Letter of
      Credit.

     

    (vi)  The
      L/C
      Issuer shall act on behalf of the Revolving Credit Lenders with respect to
      any
      Letters of Credit issued by it and the documents associated therewith, and
      the
      L/C Issuer shall have all of the benefits and immunities (A) provided to
      the Administrative Agent in Article
      IX
      with
      respect to any acts taken or omissions suffered by the L/C Issuer in connection
      with Letters of Credit issued by it or proposed to be issued by it and Issuer
      Documents pertaining to such Letters of Credit as fully as if the term
“Administrative Agent” as used in Article
      IX
      included
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    such
      acts
      or omissions, and (B) as additionally provided herein with respect to the L/C
      Issuer.

     

    (b)  Procedures
      for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
      Credit.
      

     

    (i)  Each
      Letter of Credit shall be issued or amended, as the case may be, upon the
      request of the Borrower delivered to the L/C Issuer (with a copy to the
      Administrative Agent) in the form of a Letter of Credit Application,
      appropriately completed and signed by a Responsible Officer of the Borrower.
      Such Letter of Credit Application must be received by the L/C Issuer and the
      Administrative Agent not later than 12:00 Noon at least two Business Days (or
      such later date and time as the Administrative Agent and the L/C Issuer may
      agree in a particular instance in their sole discretion) prior to the proposed
      issuance date or date of amendment, as the case may be. In the case of a request
      for an initial issuance of a Letter of Credit, such Letter of Credit Application
      shall specify in form and detail satisfactory to the L/C Issuer: (A) the
      proposed issuance date of the requested Letter of Credit (which shall be a
      Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the
      name
      and address of the beneficiary thereof; (E) the documents to be presented by
      such beneficiary in case of any drawing thereunder; (F) the full text of any
      certificate to be presented by such beneficiary in case of any drawing
      thereunder; and (G) such other matters as the L/C Issuer may require. In the
      case of a request for an amendment of any outstanding Letter of Credit, such
      Letter of Credit Application shall specify in form and detail satisfactory
      to
      the L/C Issuer (1) the Letter of Credit to be amended; (2) the proposed date
      of
      amendment thereof (which shall be a Business Day); (3) the nature of the
      proposed amendment; and (4) such other matters as the L/C Issuer may require.
      Additionally, the Borrower shall furnish to the L/C Issuer and the
      Administrative Agent such other documents and information pertaining to such
      requested Letter of Credit issuance or amendment, including any Issuer
      Documents, as the L/C Issuer or the Administrative Agent may
      require.

     

    (ii)  Promptly
      after receipt of any Letter of Credit Application, the L/C Issuer will confirm
      with the Administrative Agent (by telephone or in writing) that the
      Administrative Agent has received a copy of such Letter of Credit Application
      from the Borrower and, if not, the L/C Issuer will provide the Administrative
      Agent with a copy thereof. Unless the L/C Issuer has received written notice
      from any Revolving Credit Lender, the Administrative Agent or any Loan Party,
      at
      least one Business Day prior to the requested date of issuance or amendment
      of
      the applicable Letter of Credit, that one or more applicable conditions
      contained in Article
      IV
      shall
      not then be satisfied, then, subject to the terms and conditions hereof, the
      L/C
      Issuer shall, on the requested date, issue a Letter of Credit for the account
      of
      the Borrower (or the applicable Subsidiary) or enter into the applicable
      amendment, as the case may be, in each case in accordance with the L/C Issuer’s
      usual and customary business practices. Immediately upon the issuance of each
      Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby
      irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk
      participation in such Letter of Credit in an amount equal to the product of
      such
      Revolving Credit Lender’s Applicable Revolving Credit Percentage times
      the
      amount of such Letter of Credit.

     

    
      
        
          
          

        

        
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    (iii)  If
      the
      Borrower so requests in any applicable Letter of Credit Application, the L/C
      Issuer may, in its sole and absolute discretion, agree to issue a Letter of
      Credit that has automatic extension provisions (each, an “Auto-Extension
      Letter of Credit”);
      provided
      that any
      such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any
      such extension at least once in each twelve-month period (commencing with the
      date of issuance of such Letter of Credit) by giving prior notice to the
      beneficiary thereof not later than a day (the “Non-Extension
      Notice Date”)
      in
      each such twelve-month period to be agreed upon at the time such Letter of
      Credit is issued. Unless otherwise directed by the L/C Issuer, the Borrower
      shall not be required to make a specific request to the L/C Issuer for any
      such
      extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders
      shall be deemed to have authorized (but may not require) the L/C Issuer to
      permit the extension of such Letter of Credit at any time to an expiry date
      not
      later than the Letter of Credit Expiration Date; provided,
      however,
      that
      the L/C Issuer shall not permit any such extension if (A) the L/C Issuer has
      determined that it would not be permitted, or would have no obligation, at
      such
      time to issue such Letter of Credit in its revised form (as extended) under
      the
      terms hereof (by reason of the provisions of clause (ii) or (iii) of
Section
      2.03(a)
      or
      otherwise), or (B) it has received notice (which may be by telephone or in
      writing) on or before the day that is five Business Days before the
      Non-Extension Notice Date (1) from the Administrative Agent that the Required
      Lenders have elected not to permit such extension or (2) from the Administrative
      Agent, any Lender or the Borrower that one or more of the applicable conditions
      specified in Section
      4.02
      is not
      then satisfied, and in each such case directing the L/C Issuer not to permit
      such extension.

     

    (iv)  Promptly
      after its delivery of any Letter of Credit or any amendment to a Letter of
      Credit to an advising bank with respect thereto or to the beneficiary thereof,
      the L/C Issuer will also deliver to the Borrower and the Administrative Agent
      a
      true and complete copy of such Letter of Credit or amendment.

     

    (c)  Drawings
      and Reimbursements; Funding of Participations.
      

     

    (i)  Upon
      receipt from the beneficiary of any Letter of Credit of any notice of a drawing
      under such Letter of Credit, the L/C Issuer shall notify the Borrower and the
      Administrative Agent thereof. Not later than 12:00 Noon on the date of any
      payment by the L/C Issuer under a Letter of Credit (each such date, an
“Honor
      Date”),
      the
      Borrower shall reimburse the L/C Issuer through the Administrative Agent in
      an
      amount equal to the amount of such drawing. If the Borrower fails to so
      reimburse the L/C Issuer by such time, the Administrative Agent shall promptly
      notify each Revolving Credit Lender of the Honor Date, the amount of the
      unreimbursed drawing (the “Unreimbursed
      Amount”),
      and
      the amount of such Revolving Credit Lender’s Applicable Revolving Credit
      Percentage thereof. In such event, the Borrower shall be deemed to have
      requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on
      the
      Honor Date in an amount equal to the Unreimbursed Amount, without regard to
      the
      minimum and multiples specified in Section
      2.02
      for the
      principal amount of Base Rate Loans, but subject to the amount of the unutilized
      portion of the Revolving Credit Commitments (taking into account any reduction
      in the stated amount of such Letter of Credit resulting from such drawing
      thereunder) and the conditions set forth in Section
      4.02
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    delivery
      of a Loan Notice). Any notice given by the L/C Issuer or the Administrative
      Agent pursuant to this Section
      2.03(c)(i)
      may be
      given by telephone if immediately confirmed in writing; provided
      that the
      lack of such an immediate confirmation shall not affect the conclusiveness
      or
      binding effect of such notice.

     

    (ii)  Each
      Revolving Credit Lender shall upon any notice pursuant to Section 2.03(c)(i)
      make
      funds available to the Administrative Agent for the account of the L/C Issuer
      at
      the Administrative Agent’s Office in an amount equal to its Applicable Revolving
      Credit Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the
      Business Day specified in such notice by the Administrative Agent, whereupon,
      subject to the provisions of Section
      2.03(c)(iii),
      each
      Revolving Credit Lender that so makes funds available shall be deemed to have
      made a Base Rate Loan to the Borrower in such amount. The Administrative Agent
      shall remit the funds so received to the L/C Issuer.

     

    (iii)  With
      respect to any Unreimbursed Amount that is not fully refinanced by a Revolving
      Credit Borrowing of Base Rate Loans because the conditions set forth in
Section 4.02
      cannot
      be satisfied or for any other reason, the Borrower shall be deemed to have
      incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed
      Amount that is not so refinanced, which L/C Borrowing shall be due and payable
      on demand (together with accrued and unpaid interest) and shall bear interest
      at
      the Default Rate. In such event, each Revolving Credit Lender’s payment to the
      Administrative Agent for the account of the L/C Issuer pursuant to Section
      2.03(c)(ii)
      shall be
      deemed payment in respect of its participation in such L/C Borrowing and shall
      constitute an L/C Advance from such Lender in satisfaction of its participation
      obligation under this Section
      2.03.

     

    (iv)  Until
      each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance
      pursuant to this Section
      2.03(c)
      to
      reimburse the L/C Issuer for any amount drawn under any Letter of Credit,
      interest in respect of such Lender’s Applicable Revolving Credit Percentage of
      such amount shall be solely for the account of the L/C Issuer.

     

    (v)  Each
      Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C
      Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit,
      as contemplated by this Section
      2.03(c),
      shall
      be absolute and unconditional and shall not be affected by any circumstance,
      including (A) any setoff, counterclaim, recoupment, defense or other right
      which
      such Lender may have against the L/C Issuer, 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 Loans
      pursuant to this Section
      2.03(c)
      is
      subject to the conditions set forth in Section
      4.02
      (other
      than delivery by the Borrower of a Loan Notice ). No such making of an L/C
      Advance shall relieve or otherwise impair the obligation of the Borrower to
      reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer
      under any Letter of Credit, together with interest as provided
      herein.

     

    
       

      
        
          
            
            

          

          
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    (vi)  If
      any
      Revolving Credit Lender fails to make available to the Administrative Agent
      for
      the account of the L/C Issuer any amount required to be paid by such Lender
      pursuant to the foregoing provisions of this Section
      2.03(c)
      by the
      time specified in Section
      2.03(c)(ii),
      the L/C
      Issuer shall be entitled to recover from such Lender (acting through the
      Administrative Agent), on demand, such amount with interest thereon for the
      period from the date such payment is required to the date on which such payment
      is immediately available to the L/C Issuer at a rate per annum equal to the
      greater of the Federal Funds Rate and a rate determined by the L/C Issuer in
      accordance with banking industry rules on interbank compensation, plus any
      administrative, processing or similar fees customarily charged by the L/C Issuer
      in connection with the foregoing. If such Lender pays such amount (with interest
      and fees as aforesaid), the amount so paid shall constitute such Lender’s
      Revolving Credit Loan included in the relevant Revolving Credit Borrowing or
      L/C
      Advance in respect of the relevant L/C Borrowing, as the case may be. A
      certificate of the L/C Issuer submitted to any Revolving Credit Lender (through
      the Administrative Agent) with respect to any amounts owing under this
Section 2.03(c)(vi)
      shall be
      conclusive absent manifest error.

     

    (d)  Repayment
      of Participations.
      

     

    (i)  At
      any
      time after the L/C Issuer has made a payment under any Letter of Credit and
      has
      received from any Revolving Credit Lender such Lender’s L/C Advance in respect
      of such payment in accordance with Section
      2.03(c),
      if the
      Administrative Agent receives for the account of the L/C Issuer any payment
      in
      respect of the related Unreimbursed Amount or interest thereon (whether directly
      from the Borrower from the proceeds of a Revolving Credit Borrowing pursuant
      to
      Section 2.02(b) or otherwise, including proceeds of Cash Collateral applied
      thereto by the Administrative Agent), the Administrative Agent will distribute
      to such Lender its Applicable Revolving Credit Percentage thereof in the same
      funds as those received by the Administrative Agent.

     

    (ii)  If
      any
      payment received by the Administrative Agent for the account of the L/C Issuer
      pursuant to Section
      2.03(c)(i)
      is
      required to be returned under any of the circumstances described in Section
      11.05
      (including pursuant to any settlement entered into by the L/C Issuer in its
      discretion), each Revolving Credit Lender shall pay to the Administrative Agent
      for the account of the L/C Issuer its Applicable Revolving Credit Percentage
      thereof on demand of the Administrative Agent, plus
      interest
      thereon from the date of such demand to the date such amount is returned by
      such
      Lender, at a rate per annum equal to the Federal Funds Rate from time to time
      in
      effect. The obligations of the Lenders under this clause shall survive the
      payment in full of the Obligations and the termination of this
      Agreement.

     

    (e)  Obligations
      Absolute.
      The
      obligation of the Borrower to reimburse the L/C Issuer for each drawing under
      each Letter of Credit and to repay each L/C Borrowing shall be absolute,
      unconditional and irrevocable (subject to any claims of the Borrower against
      the
      L/C Issuer pursuant to Section
      2.03(f)),
      and
      shall be paid strictly in accordance with the terms of this Agreement under
      all
      circumstances, including the following:

    
       

      
        
          
            
            

          

          
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    (i)  any
      lack
      of validity or enforceability of such Letter of Credit, this Agreement, or
      any
      other Loan Document;

     

    (ii)  the
      existence of any claim, counterclaim, setoff, defense or other right that the
      Borrower or any Subsidiary may have at any time against any beneficiary or
      any
      transferee of such Letter of Credit (or any Person for whom any such beneficiary
      or any such transferee may be acting), the L/C Issuer or any other Person,
      whether in connection with this Agreement, the transactions contemplated hereby
      or by such Letter of Credit or any agreement or instrument relating thereto,
      or
      any unrelated transaction;

     

    (iii)  any
      draft, demand, certificate or other document presented under such 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; or any
      loss
      or delay in the transmission or otherwise of any document required in order
      to
      make a drawing under such Letter of Credit;

     

    (iv)  any
      payment by the L/C Issuer under such Letter of Credit against presentation
      of a
      draft or certificate that does not strictly comply with the terms of such Letter
      of Credit; or any payment made by the L/C Issuer under such Letter of Credit
      to
      any Person purporting to be a trustee in bankruptcy, debtor-in-possession,
      assignee for the benefit of creditors, liquidator, receiver or other
      representative of or successor to any beneficiary or any transferee of such
      Letter of Credit, including any arising in connection with any proceeding under
      any Debtor Relief Law; 

     

    (v)  any
      exchange, release or non-perfection of any collateral, or any release or
      amendment or waiver of or consent to the departure from any Guarantee, or all
      or
      any of the Obligations of the Borrower in respect of any Letter of Credit;
      or

     

    (vi)  any
      other
      circumstance or happening whatsoever, whether or not similar to any of the
      foregoing, including any other circumstance that might otherwise constitute
      a
      defense available to, or a discharge of, the Borrower or any of its
      Subsidiaries.

     

    The
      Borrower shall promptly examine a copy of each Letter of Credit and each
      amendment thereto that is delivered to it and, in the event of any claim of
      noncompliance with the Borrower’s instructions or other irregularity, the
      Borrower will immediately notify the L/C Issuer within one Business Day after
      the Borrower’s receipt of such Letter of Credit or amendment. The Borrower shall
      be conclusively deemed to have waived any such claim against the L/C Issuer
      and
      its correspondents unless such notice is given as aforesaid.

     

    (f)  Role
      of L/C Issuer.
      Each
      Lender and the Borrower agree that, in paying any drawing under a Letter of
      Credit, the L/C Issuer shall not have any responsibility to obtain any document
      (other than any sight draft, certificates and documents expressly required
      by
      the Letter of Credit) or to ascertain or inquire as to the validity or accuracy
      of any such document or the authority of the Person executing or delivering
      any
      such document. None of the L/C Issuer, the Administrative Agent, any of their
      respective Related Parties nor any correspondent, participant or assignee of
      the
      L/C Issuer shall be liable to any Lender for (i) any action taken or omitted
      in
      connection herewith at the request or with the approval of the Revolving Credit
      

     

    

    
      
        
          
          

        

        
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    Lenders
      or the Required Revolving Lenders, as applicable; (ii) any action taken or
      omitted in the absence of gross negligence or willful misconduct; or (iii)
      the
      due execution, effectiveness, validity or enforceability of any document or
      instrument related to any Letter of Credit or Issuer Document. The Borrower
      hereby assumes all risks of the acts or omissions of any beneficiary or
      transferee with respect to its use of any Letter of Credit; provided,
      however,
      that
      this assumption is not intended to, and shall not, preclude the Borrower’s
      pursuing such rights and remedies as it may have against the beneficiary or
      transferee at law or under any other agreement. None of the L/C Issuer, the
      Administrative Agent, any of their respective Related Parties nor any
      correspondent, participant or assignee of the L/C Issuer shall be liable or
      responsible for any of the matters described in clauses (i) through (v) of
      Section
      2.03(e);
      provided,
      however,
      that
      anything in such clauses to the contrary notwithstanding, the Borrower may
      have
      a claim against the L/C Issuer, and the L/C Issuer may be liable to the
      Borrower, to the extent, but only to the extent, of any direct, as opposed
      to
      consequential or exemplary, damages suffered by the Borrower which the Borrower
      proves were caused by the L/C Issuer’s willful misconduct or gross negligence or
      the L/C Issuer’s willful failure to pay under any Letter of Credit after the
      presentation to it by the beneficiary of a sight draft and certificate(s)
      strictly complying with the terms and conditions of such Letter of Credit.
      In
      furtherance and not in limitation of the foregoing, the L/C Issuer 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,
      and the L/C Issuer shall not be responsible for the validity or sufficiency
      of
      any instrument transferring or assigning or purporting to transfer or assign
      a
      Letter of Credit or the rights or benefits thereunder or proceeds thereof,
      in
      whole or in part, which may prove to be invalid or ineffective for any
      reason.

     

    (g)  Cash
      Collateral.
      Upon
      the request of the Administrative Agent, if, as of the Letter of Credit
      Expiration Date, any L/C Obligation for any reason remains outstanding, the
      Borrower shall immediately Cash Collateralize the then Outstanding Amount of
      all
      L/C Obligations. Sections
      2.05
      and
8.02(c)
      set
      forth
      certain additional requirements to deliver Cash Collateral hereunder. For
      purposes of this Section
      2.03,
      Section
      2.05
      and
Section
      8.02(c),
      “Cash
      Collateralize”
means
      to pledge and deposit with or deliver to the Administrative Agent, for the
      benefit of the L/C Issuer and the Lenders, as collateral for the L/C
      Obligations, cash or deposit account balances pursuant to documentation in
      form
      and substance satisfactory to the Administrative Agent and the L/C Issuer (which
      documents are hereby consented to by the Lenders). Derivatives of such term
      have
      corresponding meanings. The Borrower hereby grants to the Administrative Agent,
      for the benefit of the L/C Issuer and the Lenders, a security interest in all
      such cash, deposit accounts and all balances therein and all proceeds of the
      foregoing. Cash Collateral shall be maintained in blocked, interest bearing
      deposit accounts at Bank of America. If at any time the Administrative Agent
      determines that any funds held as Cash Collateral are subject to any right
      or
      claim of any Person other than the Administrative Agent or that the total amount
      of such funds is less than the aggregate Outstanding Amount of all L/C
      Obligations, the Borrower will, forthwith upon demand by the Administrative
      Agent, pay to the Administrative Agent, as additional funds to be deposited
      as
      Cash Collateral, an amount equal to the excess of (x) such aggregate
      Outstanding Amount over (y) the total amount of funds, if any, then held as
      Cash Collateral 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 as Cash Collateral, such funds shall be applied, to the
      extent permitted under applicable Laws, to reimburse the L/C
      Issuer.

    
       

      
        
          
            
            

          

          
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    (h)  Applicability
      of ISP and UCP.
      Unless
      otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter
      of
      Credit is issued (including any such agreement applicable to an Existing Letter
      of Credit), (i) the rules of the ISP shall apply to each standby Letter of
      Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary
      Credits, as most recently published by the International Chamber of Commerce
      at
      the time of issuance shall apply to each commercial Letter of
      Credit.

     

    (i)  Letter
      of Credit Fees.
      The
      Borrower shall pay to the Administrative Agent for the account of each Revolving
      Credit Lender in accordance with its Applicable Revolving Credit Percentage
      a
      Letter of Credit fee (the “Letter
      of Credit Fee”)
      for
      each Letter of Credit equal to the product of the Applicable Rate times
      the
      daily amount available to be drawn under such Letter of Credit. For purposes
      of
      computing the daily amount available to be drawn under any Letter of Credit,
      the
      amount of such Letter of Credit shall be determined in accordance with
Section
      1.06.
      Letter
      of Credit Fees shall be (i) due and payable on the first Business Day of each
      January, April, July and October, commencing October 2, 2006, on the Letter
      of
      Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly
      basis in arrears. If there is any change in the Applicable Rate during any
      quarter, the daily amount available to be drawn under each standby Letter of
      Credit shall be computed and multiplied by the Applicable Rate separately for
      each period during such quarter that such Applicable Rate was in effect.
      Notwithstanding anything to the contrary contained herein, upon the request
      of
      the Required Revolving Lenders, while any Event of Default exists, all Letter
      of
      Credit Fees shall accrue at the Default Rate.

     

    (j)  Fronting
      Fee and Documentary and Processing Charges Payable to L/C Issuer.
      The
      Borrower shall pay directly to the L/C Issuer for its own account a fronting
      fee
      (i) with respect to each commercial Letter of Credit, at the rate per annum
      specified in the Bank of America Fee Letter, computed on the amount of such
      commercial Letter of Credit, and payable upon the issuance thereof, (ii) with
      respect to any amendment of a commercial Letter of Credit increasing the amount
      of such Letter of Credit, at a rate separately agreed between the Borrower
      and
      the L/C Issuer, computed on the amount of such increase, and payable upon the
      effectiveness of such amendment, and (iii) with respect to each standby Letter
      of Credit, at the rate per annum specified in the Bank of America Fee Letter,
      computed on the daily amount available to be drawn under such Letter of Credit
      on a quarterly basis in arrears. Such fronting fee shall be due and payable
      on
      the first Business Day of each January, April, July and October in respect
      of
      the most recently-ended quarterly period (or portion thereof, in the case of
      the
      first payment), commencing with October 2, 2006, on the Letter of Credit
      Expiration Date and thereafter on demand. For purposes of computing the daily
      amount available to be drawn under any Letter of Credit, the amount of such
      Letter of Credit shall be determined in accordance with Section
      1.06.
      In
      addition, the Borrower shall pay directly to the L/C Issuer for its own account
      the customary issuance, presentation, amendment and other processing fees,
      and
      other standard costs and charges, of the L/C Issuer relating to letters of
      credit as from time to time in effect. Such customary fees and standard costs
      and charges are due and payable within 10 Business Days after demand and are
      nonrefundable.

     

    (k)  Conflict
      with Issuer Documents.
      In the
      event of any conflict between the terms hereof and the terms of any Issuer
      Document, the terms hereof shall control.

    
       

      
        
          
            
            

          

          
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    (l)  Letters
      of Credit Issued for Subsidiaries.
      Notwithstanding that a Letter of Credit issued or outstanding hereunder is
      in
      support of any obligations of, or is for the account of, a Subsidiary, the
      Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and
      all drawings under such Letter of Credit. The Borrower hereby acknowledges
      that
      the issuance of Letters of Credit for the account of Subsidiaries inures to
      the
      benefit of the Borrower, and that the Borrower’s business derives substantial
      benefits from the businesses of such Subsidiaries.

     

    2.04  Swing
      Line Loans.
      

     

    (a)  The
      Swing Line.
      Subject
      to the terms and conditions set forth herein, the Swing Line Lender agrees,
      in
      reliance upon the agreements of the other Lenders set forth in this Section
      2.04,
      to make
      loans (each such loan, a “Swing
      Line Loan”)
      to the
      Borrower from time to time on any Business Day during the Availability Period
      in
      an aggregate amount not to exceed at any time outstanding the amount of the
      Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when
      aggregated with the Applicable Revolving Credit Percentage of the Outstanding
      Amount of Revolving Credit Loans and L/C Obligations of the Lender acting as
      Swing Line Lender, may exceed the amount of such Lender’s Revolving Credit
      Commitment; provided,
      however,
      that
      after giving effect to any Swing Line Loan, (i) the Total Revolving Credit
      Outstandings shall not exceed the Revolving Credit Facility at such time, and
      (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any
      Revolving Credit Lender at such time, plus
      such
      Revolving Credit Lender’s Applicable Revolving Credit Percentage of the
      Outstanding Amount of all L/C Obligations at such time, plus
      such
      Revolving Credit Lender’s Applicable Revolving Credit Percentage of the
      Outstanding Amount of all Swing Line Loans at such time shall not exceed such
      Lender’s Revolving Credit Commitment and provided further
      that the
      Borrower shall not use the proceeds of any Swing Line Loan to refinance any
      outstanding Swing Line Loan. Within the foregoing limits, and subject to the
      other terms and conditions hereof, the Borrower may borrow under this
Section
      2.04,
      prepay
      under Section
      2.05,
      and
      reborrow under this Section
      2.04.
      Each
      Swing Line Loan shall bear interest only at a rate based on the Base Rate.
      Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender
      shall be deemed to, and hereby irrevocably and unconditionally agrees to,
      purchase from the Swing Line Lender a risk participation in such Swing Line
      Loan
      in an amount equal to the product of such Revolving Credit Lender’s Applicable
      Revolving Credit Percentage times
      the
      amount of such Swing Line Loan.

     

    (b)  Borrowing
      Procedures.
      Each
      Swing Line Borrowing shall be made upon the Borrower’s irrevocable notice to the
      Swing Line Lender and the Administrative Agent, which may be given by telephone.
      Each such notice must be received by the Swing Line Lender and the
      Administrative Agent not later than 1:00 p.m. on the requested borrowing date,
      and shall specify (i) the amount to be borrowed, which shall be a minimum of
      $500,000, and (ii) the requested borrowing date, which shall be a Business
      Day.
      Each such telephonic notice must be confirmed promptly by delivery to the Swing
      Line Lender and the Administrative Agent of a written Swing Line Loan Notice,
      appropriately completed and signed by a Responsible Officer of the Borrower.
      Promptly after receipt by the Swing Line Lender of any telephonic Swing Line
      Loan Notice, the Swing Line Lender will confirm with the Administrative Agent
      (by telephone or in writing) that the Administrative Agent has also received
      such Swing Line Loan Notice and, if not, the Swing Line Lender will notify
      the
      Administrative Agent (by telephone or in writing) 

     

    

    
      
        
          
          

        

        
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    of
      the
      contents thereof. Unless the Swing Line Lender has received notice (by telephone
      or in writing) from the Administrative Agent (including at the request of any
      Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing
      Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line
      Loan as a result of the limitations set forth in the proviso to the first
      sentence of Section
      2.04(a),
      or (B)
      that one or more of the applicable conditions specified in Article
      IV
      is not
      then satisfied, then, subject to the terms and conditions hereof, the Swing
      Line
      Lender will, not later than 3:00 p.m. on the borrowing date specified in such
      Swing Line Loan Notice, make the amount of its Swing Line Loan available to
      the
      Borrower at its office by crediting the account of the Borrower on the books
      of
      the Swing Line Lender in immediately available funds.

     

    (c)  Refinancing
      of Swing Line Loans. 

     

    (i)  The
      Swing
      Line Lender at any time in its sole and absolute discretion may request, on
      behalf of the Borrower (which hereby irrevocably authorizes the Swing Line
      Lender to so request on its behalf), that each Revolving Credit Lender make
      a
      Base Rate Loan in an amount equal to such Lender’s Applicable Revolving Credit
      Percentage of the amount of Swing Line Loans then outstanding. Such request
      shall be made in writing (which written request shall be deemed to be a Loan
      Notice for purposes hereof) and in accordance with the requirements of
Section
      2.02,
      without
      regard to the minimum and multiples specified therein for the principal amount
      of Base Rate Loans, but subject to the unutilized portion of the Revolving
      Credit Facility and the conditions set forth in Section
      4.02.
      The
      Swing Line Lender shall furnish the Borrower with a copy of the applicable
      Loan
      Notice promptly after delivering such notice to the Administrative Agent. Each
      Revolving Credit Lender shall make an amount equal to its Applicable Revolving
      Credit Percentage of the amount specified in such Loan Notice available to
      the
      Administrative Agent in immediately available funds for the account of the
      Swing
      Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the
      day specified in such Loan Notice, whereupon, subject to Section
      2.04(c)(ii),
      each
      Revolving Credit Lender that so makes funds available shall be deemed to have
      made a Base Rate Loan to the Borrower in such amount. The Administrative Agent
      shall remit the funds so received to the Swing Line Lender.

     

    (ii)  If
      for
      any reason any Swing Line Loan cannot be refinanced by such a Revolving Credit
      Borrowing in accordance with Section
      2.04(c)(i),
      the
      request for Base Rate Loans submitted by the Swing Line Lender as set forth
      herein shall be deemed to be a request by the Swing Line Lender that each of
      the
      Revolving Credit Lenders fund its risk participation in the relevant Swing
      Line
      Loan and each Revolving Credit Lender’s payment to the Administrative Agent for
      the account of the Swing Line Lender pursuant to Section
      2.04(c)(i)
      shall be
      deemed payment in respect of such participation.

     

    (iii)  If
      any
      Revolving Credit Lender fails to make available to the Administrative Agent
      for
      the account of the Swing Line Lender any amount required to be paid by such
      Lender pursuant to the foregoing provisions of this Section
      2.04(c)
      by the
      time specified in Section
      2.04(c)(i),
      the
      Swing Line Lender shall be entitled to recover from such Lender (acting through
      the Administrative Agent), on demand, such amount with interest thereon for
      the
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    which
      such payment is immediately available to the Swing Line Lender at a rate per
      annum equal to the greater of the Federal Funds Rate and a rate determined
      by
      the Swing Line Lender in accordance with banking industry rules on interbank
      compensation, plus any administrative, processing or similar fees customarily
      charged by the Swing Line Lender in connection with the foregoing. If such
      Lender pays such amount (with interest and fees as aforesaid), the amount so
      paid shall constitute such Lender’s Revolving Credit Loan included in the
      relevant Revolving Credit Borrowing or funded participation in the relevant
      Swing Line Loan, as the case may be. A certificate of the Swing Line Lender
      submitted to any Lender (through the Administrative Agent) with respect to
      any
      amounts owing under this clause (iii) shall be conclusive absent manifest
      error.

     

    (iv)  Each
      Revolving Credit Lender’s obligation to make Revolving Credit Loans or to
      purchase and fund risk participations in Swing Line Loans pursuant to this
      Section 2.04(c)
      shall be
      absolute and unconditional and shall not be affected by any circumstance,
      including (A) any setoff, counterclaim, recoupment, defense or other right
      which
      such Lender may have against the Swing Line Lender, 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 Loans
      pursuant to this Section 2.04(c)
      is
      subject to the conditions set forth in Section
      4.02.
      No such
      funding of risk participations shall relieve or otherwise impair the obligation
      of the Borrower to repay Swing Line Loans, together with interest as provided
      herein.

     

    (d)  Repayment
      of Participations.
      

     

    (i)  At
      any
      time after any Revolving Credit Lender has purchased and funded a risk
      participation in a Swing Line Loan, if the Swing Line Lender receives any
      payment on account of such Swing Line Loan, the Swing Line Lender will
      distribute to such Revolving Credit Lender its Applicable Revolving Credit
      Percentage thereof in the same funds as those received by the Swing Line
      Lender.

     

    (ii)  If
      any
      payment received by the Swing Line Lender in respect of principal or interest
      on
      any Swing Line Loan is required to be returned by the Swing Line Lender under
      any of the circumstances described in Section
      11.05
      (including pursuant to any settlement entered into by the Swing Line Lender
      in
      its discretion), each Revolving Credit Lender shall pay to the Swing Line Lender
      its Applicable Revolving Credit Percentage thereof on demand of the
      Administrative Agent, plus
      interest
      thereon from the date of such demand to the date such amount is returned, at
      a
      rate per annum equal to the Federal Funds Rate. The Administrative Agent will
      make such demand upon the request of the Swing Line Lender. The obligations
      of
      the Lenders under this clause shall survive the payment in full of the
      Obligations and the termination of this Agreement.

     

    (e)  Interest
      for Account of Swing Line Lender.
      The
      Swing Line Lender shall be responsible for invoicing the Borrower for interest
      on the Swing Line Loans. Until each Revolving Credit Lender funds its Base
      Rate
      Loan or risk participation pursuant to this Section 2.04
      to
      refinance such Revolving Credit Lender’s Applicable Revolving Credit

     

    

    

    
      
        
          
          

        

        
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    Percentage
      of such Swing Line Loan, interest in respect of such Lender’s Applicable
      Revolving Credit Percentage of such Swing Line Loan shall be solely for the
      account of the Swing Line Lender.

     

    (f)  Payments
      Directly to Swing Line Lender.
      The
      Borrower shall make all payments of principal and interest in respect of the
      Swing Line Loans directly to the Swing Line Lender.

     

    2.05  Prepayments.
      

     

    (a)  Optional.
      

     

    (i)  Term
      Loans and Revolving Credit Loans.
      The
      Borrower may, upon notice to the Administrative Agent, at any time or from
      time
      to time voluntarily prepay Term Loans and Revolving Credit Loans in whole or
      in
      part without premium or penalty; provided
      that (A)
      such notice must be received by the Administrative Agent not later than 12:00
      Noon (1) three Business Days prior to any date of prepayment of Eurodollar
      Rate
      Loans and (2) on the date of prepayment of Base Rate Loans; (B) any prepayment
      of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a
      whole
      multiple of $1,000,000 in excess thereof; and (C) any prepayment of Base Rate
      Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000
      in excess thereof or, in each case, if less, the entire principal amount thereof
      then outstanding. Each such notice shall specify the date and amount of such
      prepayment, the Facility to which such prepayment shall apply and the Type(s)
      of
      Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the
      Interest Period(s) of such Loans. The Administrative Agent will promptly notify
      each Lender of its receipt of each such notice, and of the amount of such
      Lender’s ratable portion of such prepayment (based on such Lender’s Applicable
      Percentage in respect of the relevant Facility). If such notice is given by
      the
      Borrower, the Borrower shall make such prepayment and the payment amount
      specified in such notice shall be due and payable on the date specified therein.
      Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued
      interest on the amount prepaid, together with any additional amounts required
      pursuant to Section
      3.05.
      Each
      prepayment of the outstanding Term Loans pursuant to this Section
      2.05(a)
      shall be
      applied (x) to one or more Term Facilities as the Borrower may elect and (y)
      to
      the principal repayment installments of the applicable Term Facility on a
      pro-rata basis, and each such prepayment shall be paid to the Lenders in
      accordance with their respective Applicable Percentages in respect of each
      of
      the relevant Facilities.

     

    (ii)  Swing
      Line Loans.
      The
      Borrower may, upon notice to the Swing Line Lender (with a copy to the
      Administrative Agent), at any time or from time to time, voluntarily prepay
      Swing Line Loans in whole or in part without premium or penalty; provided
      that (A)
      such notice must be received by the Swing Line Lender and the Administrative
      Agent not later than 1:00 p.m. on the date of the prepayment, and (B) any such
      prepayment shall be in a minimum principal amount of $100,000. Each such notice
      shall specify the date and amount of such prepayment. If such notice is given
      by
      the Borrower, the Borrower shall make such prepayment and the payment amount
      specified in such notice shall be due and payable on the date specified
      therein.

    
      

      
        
          
            
            

          

          
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    (b)  Mandatory.
      

     

    (i)  Revolving
      Credit Commitments.
      If for
      any reason the Total Revolving Credit Outstandings at any time exceed the
      Revolving Credit Commitments then in effect, the Borrower shall immediately
      prepay the Revolving Credit Loans and/or Cash Collateralize the L/C Obligations
      in an aggregate amount equal to such excess; provided,
      however,
      the
      Borrower shall not be required to Cash Collateralize the L/C Obligations
      pursuant to this Section
      2.05(b)(i)
      unless,
      after the prepayment in full of the Revolving Credit Loans and Swing Line Loans,
      the Total Revolving Credit Outstandings exceed the Revolving Credit Commitments
      then in effect.

     

    (ii)  Excess
      Cash Flow.
      If the
      Consolidated Leverage Ratio for any fiscal year of Holdings commencing after
      December 31, 2006 is greater than 3.50 to 1.0 on a Pro Forma Basis as of the
      end
      of such fiscal year, no more than five Business Days after financial statements
      have been delivered pursuant to Section
      6.01(a)
      and the
      related Compliance Certificate has been delivered pursuant to Section
      6.02(b)
      for such
      fiscal year, the Borrower shall prepay an aggregate principal amount of Loans
      equal to the excess (if any) of (A) 50% of Excess Cash Flow for the fiscal
      year
      covered by such financial statements over
      (B) the
      aggregate principal amount of Term Loans prepaid pursuant to Section
      2.05(a)(i)

     

    (iii)  Dispositions.
      If any
      Loan Party or any of its Subsidiaries Disposes of any property (other than
      any
      Disposition of any property permitted by Section
      7.05(a)
      through
(h))
      which
      results in the realization by such Person of Net Cash Proceeds, the Borrower
      shall prepay an aggregate principal amount of Loans equal to 100% of such Net
      Cash Proceeds within two (2) Business Days of receipt thereof by such Person;
      provided,
      however,
      that,
      with respect to any Net Cash Proceeds realized under a Disposition described
      in
      this Section
      2.05(b)(iii),
      at the
      election of the Borrower (as notified by the Borrower to the Administrative
      Agent no more than two (2) Business Days after the date of such Disposition),
      and so long as no Default shall have occurred and be continuing, such Loan
      Party
      or such Subsidiary may reinvest all or any portion of such Net Cash Proceeds
      in
      operating assets so long as within 365 days after the receipt of such Net Cash
      Proceeds, such purchase shall have been consummated (as certified by the
      Borrower in writing to the Administrative Agent); and provided further,
      however,
      that
      any Net Cash Proceeds not so reinvested shall be immediately applied to the
      prepayment of the Loans as set forth in this Section
      2.05(b)(ii).

     

    (iv)  Loss
      Proceeds.
      Within
      five Business Days after financial statements have been delivered pursuant
      to
Section
      6.01(a),
      the
      Borrower shall prepay an aggregate principal amount of Loans in an amount equal
      to 100% of the excess (if any) of (A) Available Loss Proceeds for the
      immediately preceding fiscal year, less (B) the amount of any voluntary
      prepayments of the Term Loans during such prior fiscal year; provided,
      however,
      that,
      notwithstanding the forgoing, within two (2) Business Days of receipt of Loss
      Proceeds from any single casualty or taking, or series of related casualties
      or
      takings, in excess of the Threshold Amount, the Borrower shall prepay the Loans
      and/or Cash Collateralize the L/C Obligations in an aggregate amount equal
      to
      100% of such Loss Proceeds.

    
      

      
        
          
            
            

          

          
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    (v)  Debt
      Issuance.
      Upon
      the incurrence or issuance by any Loan Party or any of its Subsidiaries of
      any
      Indebtedness (other than permitted Acquisition Debt and other Indebtedness
      expressly permitted to be incurred or issued pursuant to Sections
      7.02(a)
      through
(i)
      and
Sections
      7.02 (k)
      and
(l)),
      the
      Borrower shall prepay an aggregate principal amount of Loans equal to 100%
      of
      all Net Cash Proceeds received therefrom immediately upon receipt thereof by
      such Loan Party or such Subsidiary; provided,
      however,
      that if
      the Consolidated Leverage Ratio (calculated on a Pro Forma Basis based on the
      most recently delivered Compliance Certificate and financial statements
      delivered pursuant to Section
      6.01(a)
      or
(b))
      is less
      than or equal to 3.50 to 1.0, no prepayment under this Section
      2.05(b)(v)
      shall be
      required.

     

    (vi)  Application
      of Prepayments Generally.
      Each
      prepayment of Loans pursuant to the foregoing provisions of this Section
      2.05(b) shall
      be
      applied, first,
      ratably
      to each of the Term B Facility and any Additional Term Facility (with such
      ratable payment being applied (A) with respect to the Term B Facility, to the
      principal repayment installments thereof on
      a
      pro-rata basis and (B) with respect to any Additional Term Facility, to the
      principal repayment installments thereof on a pro rata basis or as otherwise
      set
      forth in the applicable Credit Agreement Supplement) and,
      second,
      after
      the outstanding principal amount of the Term Loans has been repaid in full,
      to
      the Revolving Credit Facility in the manner set forth in clause (vii) of this
      Section
      2.05(b).

     

    (vii)  Application
      of Prepayments of Revolving Credit Facility.
      Prepayments of the Revolving Credit Facility made pursuant to this Section
      2.05(b)
      shall be
      applied first,
      ratably
      to the L/C Borrowings and the Swing Line Loans, second,
      ratably
      to the outstanding Revolving Credit Loans, and third,
      to Cash
      Collateralize the remaining L/C Obligations. The amount remaining, if any,
      after
      the prepayment in full of all L/C Borrowings, Swing Line Loans and Revolving
      Credit Loans outstanding at such time and the Cash Collateralization of the
      remaining L/C Obligations in full may be retained by the Borrower for use in
      the
      ordinary course of its business. Upon the drawing of any Letter of Credit that
      has been Cash Collateralized, the funds held as Cash Collateral shall be applied
      (without any further action by or notice to or from the Borrower or any other
      Loan Party) to reimburse the L/C Issuer or the Revolving Credit Lenders, as
      applicable, for such drawing. Prepayments of the Revolving Credit Facility
      made
      pursuant to this Section
      2.05(b)
      shall in
      no event reduce the Revolving Credit Commitments.

     

    (c)  Prepayment
      Accounts.
      Amounts
      to be applied as provided in clause (b) above to the prepayment of Loans shall
      be applied first to reduce outstanding Base Rate Loans. Any amounts remaining
      after each such application shall, at the option of the Borrower, be applied
      to
      prepay Eurodollar Rate Loans immediately and/or shall be deposited in a separate
      Prepayment Account (as defined below) for such Eurodollar Rate Loans. The
      Administrative Agent shall apply any cash deposited in the Prepayment Account
      to
      prepay Eurodollar Rate Loans on the last day of their respective Interest
      Periods (or, at the direction of the Borrower, on any earlier date) until all
      outstanding Eurodollar Rate Loans have been prepaid or until all the allocable
      cash on deposit in the Prepayment Account has been exhausted. For purposes
      of
      this Agreement, the term “Prepayment
      Account”
shall
      mean an account established by the Borrower with the Administrative Agent and
      over which the Administrative Agent shall have exclusive dominion and control,
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    with
      this
      clause (c). The Administrative Agent will, at the request of the Borrower,
      invest amounts on deposit in the Prepayment Account in Cash Equivalents that
      mature prior to the last day of the applicable Interest Periods of the
      Eurodollar Rate Loans to be prepaid; provided,
      however,
      that
      (i) the Administrative Agent shall not be required to make any investment that,
      in its sole judgment, would require or cause the Administrative Agent to be
      in,
      or would result in any, violation of any Law, (ii) such Cash Equivalents shall
      be subjected to a first priority perfected security interest in favor of the
      Administrative Agent and (iii) if any Event of Default shall have occurred
      and
      be continuing, the selection of such Cash Equivalents shall be in the sole
      discretion of the Administrative Agent. The Borrower shall indemnify the
      Administrative Agent for any losses relating to such investments in Cash
      Equivalents so that the amount available to prepay Eurodollar Rate Loans on
      the
      last day of the applicable Interest Periods is not less than the amount that
      would have been available had no investments been made pursuant hereto. Other
      than any interest or profits earned on such investments, the Prepayment Accounts
      shall not bear interest. Interest or profits, if any, on the investments in
      any
      Prepayment Account shall accumulate in such Prepayment Account and, so long
      as
      no Event of Default has occurred and is continuing, shall be paid by the
      Administrative Agent to the Borrower at the end of each fiscal quarter. If
      the
      maturity of the Loans has been accelerated pursuant to Section
      8.02,
      the
      Administrative Agent may, in its sole discretion, apply such funds to satisfy
      any of the Obligations. The Borrower hereby pledges and assigns to the
      Administrative Agent, for its benefit and the benefit of the Lenders, each
      Prepayment Account established to secure the Obligations.

     

    (d)  Prepayments
      Under Subordinated Notes Documents.
      Anything contained in Section
      2.05(b)
      to the
      contrary notwithstanding, (i) if, following the occurrence of any “Asset
      Sale”
(as
      such term is defined in the Subordinated Notes Documents) by any Loan Party
      or
      any of its Subsidiaries, the Borrower is required to apply an amount equal
      to
      any of the “Net
      Proceeds”
(as
      defined in the Subordinated Notes Documents) thereof in a particular manner,
      or
      to apply by a particular date (an “Application
      Date”)
      an
      amount equal to any such “Net
      Proceeds”
in
      a
      particular manner, in either case in order to excuse the Borrower from being
      required to offer to repurchase Subordinated Notes, and the Borrower shall
      have
      failed to so commit or to so apply an amount equal to such “Net
      Proceeds”
at
      least 30 days before the applicable Application Date, or (ii) if the Borrower
      at
      any other time shall have failed to apply or cause to be applied an amount
      equal
      to any such “Net
      Proceeds”,
      and,
      within 30 days thereafter assuming no further application of an amount equal
      to
      such “Net
      Proceeds”
the
      Borrower would otherwise be required to offer to repurchase Subordinated Notes,
      then in either such case the Borrower shall pay or cause to be paid to the
      Administrative Agent no later than fifteen (15) days prior to such Application
      Date an amount equal to such “Net
      Proceeds”
to
      be
      applied to the payment of the Loans and L/C Borrowings and to Cash Collateralize
      the remaining L/C Obligations in the manner set forth in Section 2.05(b)
      in such
      amounts as shall excuse the Borrower from making any offer to repurchase the
      Subordinated Notes.

     

    2.06  Termination
      or Reduction of Commitments.
      

     

    (a)  Optional.
      The
      Borrower may, upon notice to the Administrative Agent, terminate the Revolving
      Credit Facility, the Letter of Credit Sublimit or the Swing Line Sublimit,
      or
      from time to time permanently reduce the Revolving Credit Facility, the Letter
      of Credit Sublimit or the Swing Line Sublimit; provided
      that (i)
      any such notice shall be received by the 

     

    

    
      
        
          
          

        

        
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    Administrative
      Agent not later than 12:00 Noon three Business Days prior to the date of
      termination or reduction, (ii) any such partial reduction shall be in an
      aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess
      thereof and (iii) the Borrower shall not terminate or reduce (A) the Revolving
      Credit Facility if, after giving effect thereto and to any concurrent
      prepayments hereunder, the Total Revolving Credit Outstandings would exceed
      the
      Revolving Credit Facility, (B) the Letter of Credit Sublimit if, after giving
      effect thereto, the Outstanding Amount of L/C Obligations not fully Cash
      Collateralized hereunder would exceed the Letter of Credit Sublimit, or (C)
      the
      Swing Line Sublimit if, after giving effect thereto and to any concurrent
      prepayments hereunder, the Outstanding Amount of Swing Line Loans would exceed
      the Swing Line Sublimit. 

     

    (b)  Mandatory.
      The
      aggregate Term B Commitments shall be automatically and permanently reduced
      to zero on the date of the Term B Borrowing.

     

    (c)  Automatic
      Reduction of Subfacilities.
      If
      after giving effect to any reduction or termination of Revolving Credit
      Commitments under this Section
      2.06,
      the
      Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving
      Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line
      Sublimit, as the case may be, shall be automatically reduced by the amount
      of
      such excess.

     

    (d)  Application
      of Commitment Reductions; Payment of Fees.
      The
      Administrative Agent will promptly notify the Lenders of any termination or
      reduction of the Revolving Credit Commitments, Letter of Credit Sublimit or
      Swing Line Sublimit under this Section
      2.06.
      Upon
      any reduction of the Revolving Credit Commitments, the Revolving Credit
      Commitment of each Revolving Credit Lender shall be reduced by such Lender’s
      Applicable Revolving Credit Percentage of such reduction amount. All fees in
      respect of the Revolving Credit Facility accrued until the effective date of
      any
      termination of the Revolving Credit Facility shall be paid on the effective
      date
      of such termination.

     

    2.07  Repayment
      of Loans.
      

     

    (a)  Term
      B
      Loans.
      The
      Borrower shall repay to the Term B Lenders the aggregate principal amount
      of all Term B Loans in quarterly installments in the amount of $812,500 on
      the first Business Day of each January, April, July and October (which amounts
      shall be reduced as a result of the application of prepayments in accordance
      with the order of priority set forth in Section 2.05)
      beginning October 2, 2006; provided,
      however,
      that
      the final principal repayment installment of the Term B Loans shall be
      repaid on the Maturity Date for the Term B Facility and in any event shall
      be in an amount equal to the aggregate principal amount of all Term B Loans
      outstanding on such date.

     

    (b)  Additional
      Term Loans.
      The
      Borrower shall repay the aggregate outstanding principal amount of any
      Additional Term Loans in quarterly installments on the dates and in the amounts
      set forth in the applicable Credit Agreement Supplement; provided,
      however,
      that
      the final principal installment shall be repaid on the Maturity Date for such
      Additional Term Loans, and in any event shall be in an amount equal to the
      aggregate principal amount of all such Additional Term Loans outstanding on
      the
      Maturity Date for such Additional Term Loans.

    
      

      
        
          
            
            

          

          
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    (c)  Revolving
      Credit Loans.
      The
      Borrower shall repay to the Revolving Credit Lenders on the Maturity Date for
      the Revolving Credit Facility the aggregate principal amount of all Revolving
      Credit Loans outstanding on such date.

     

    (d)  Swing
      Line Loans.
      The
      Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the
      date ten Business Days after such Loan is made and (ii) the Maturity Date for
      the Revolving Credit Facility.

     

    2.08  Interest.
       

     

    (a)  Interest
      Rates.
      Subject
      to the provisions of Section
      2.08(b),
      (i)
      each Eurodollar Rate Loan under a Facility shall bear interest on the
      outstanding principal amount thereof for each Interest Period applicable thereto
      at a rate per annum equal to the Eurodollar Rate for such Interest Period
plus
      the
      Applicable Rate for such Facility; (ii) each Base Rate Loan under a Facility
      shall bear interest on the outstanding principal amount thereof from the
      applicable borrowing date at a rate per annum equal to the Base Rate
plus
      the
      Applicable Rate for such Facility; and (iii) each Swing Line Loan shall bear
      interest on the outstanding principal amount thereof from the applicable
      borrowing date at a rate per annum equal to the Base Rate plus
      the
      Applicable Rate for the Revolving Credit Facility.

     

    (b)  Default
      Rate.
      

     

    (i)  If
      any
      amount of principal of any Loan is not paid when due (without regard to any
      applicable grace periods), whether at stated maturity, by acceleration or
      otherwise, such amount shall thereafter bear interest at a fluctuating interest
      rate per annum at all times equal to the Default Rate to the fullest extent
      permitted by applicable Laws.

     

    (ii)  If
      any
      amount (other than principal of any Loan) payable by the Borrower under any
      Loan
      Document is not paid when due (without regard to any applicable grace periods),
      whether at stated maturity, by acceleration or otherwise, then upon the request
      of the Required Lenders such amount shall thereafter bear interest at a
      fluctuating interest rate per annum at all times equal to the Default Rate
      to
      the fullest extent permitted by applicable Laws. 

     

    (iii)  While
      any
      Event of Default exists under Section
      8.01(a),
      or upon
      the request of the Required Lenders while any Event of Default exists under
      any
      other provision of Section
      8.01,
      the
      Borrower shall pay interest on the principal amount of all outstanding
      Obligations hereunder at a fluctuating interest rate per annum at all times
      equal to the Default Rate to the fullest extent permitted by applicable Laws.
      

     

    (iv)  Accrued
      and unpaid interest on past due amounts (including interest on past due
      interest) shall be due and payable upon demand.

     

    (c)  Interest
      Payment Date.
      Interest on each Loan shall be due and payable in arrears on each Interest
      Payment Date applicable thereto and at such other times as may be specified
      herein. Interest hereunder shall be due and payable in accordance with the
      terms
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    before
      and after judgment, and before and after the commencement of any proceeding
      under any Debtor Relief Law.

     

    2.09  Fees.
      In
      addition to certain fees described in Sections
      2.03(i) and (j):

     

    (a)  Commitment
      Fee.
      The
      Borrower shall pay to the Administrative Agent for the account of each Revolving
      Credit Lender in accordance with its Applicable Revolving Credit Percentage,
      a
      commitment fee equal to the product of the Applicable Commitment Fee Percentage
      times
      the
      actual daily amount by which the Revolving Credit Facility exceeds the sum
      of
      (i) the Outstanding Amount of Revolving Credit Loans and (ii) the Outstanding
      Amount of L/C Obligations. The commitment fee shall accrue at all times during
      the Availability Period, including at any time during which one or more of
      the
      conditions in Article
      IV
      is not
      met, and shall be due and payable quarterly in arrears on the first Business
      Day
      of each January, April, July and October, commencing with October 2, 2006,
      and
      on the last day of the Availability Period. The commitment fee shall be
      calculated quarterly in arrears, and if there is any change in the Applicable
      Commitment Fee Percentage during any quarter, the actual daily amount shall
      be
      computed and multiplied by the Applicable Commitment Fee Percentage separately
      for each period during such quarter that such Applicable Commitment Fee
      Percentage was in effect.

     

    (b)  Other
      Fees.
      

     

    (i)  The
      Borrower shall pay to the Lead Arrangers and the Administrative Agent for their
      own respective accounts fees in the amounts and at the times specified in the
      Fee Letters. Such fees shall be fully earned when paid and shall not be
      refundable for any reason whatsoever.

     

    (ii)  The
      Borrower shall pay to the Lenders such fees as shall have been separately agreed
      upon in writing in the amounts and at the times so specified. Such fees shall
      be
      fully earned when paid and shall not be refundable for any reason
      whatsoever.

     

    2.10  Computation
      of Interest and Fees.
      All
      computations of interest for Base Rate Loans when the Base Rate is determined
      by
      Bank of America’s “prime rate” shall be made on the basis of a year of 365 or
      366 days, as the case may be, and actual days elapsed. All other computations
      of
      fees and interest shall be made on the basis of a 360-day year and actual days
      elapsed (which results in more fees or interest, as applicable, being paid
      than
      if computed on the basis of a 365-day year). Interest shall accrue on each
      Loan
      for the day on which the Loan is made, and shall not accrue on a Loan, or any
      portion thereof, for the day on which the Loan or such portion is paid,
provided
      that any
      Loan that is repaid on the same day on which it is made shall, subject to
Section
      2.12(a),
      bear
      interest for one day. Each determination by the Administrative Agent of an
      interest rate or fee hereunder shall be conclusive and binding for all purposes,
      absent manifest error.

     

    2.11  Evidence
      of Debt.
      

     

    (a)  Accounts
      and Records of Credit Extensions.
      The
      Credit Extensions made by each Lender shall be evidenced by one or more accounts
      or records maintained by such Lender and by the Administrative Agent in the
      ordinary course of business. The accounts or records maintained by the
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    manifest
      error of the amount of the Credit Extensions made by the Lenders to the Borrower
      and the interest and payments thereon. Any failure to so record or any error
      in
      doing so shall not, however, limit or otherwise affect the obligation of the
      Borrower hereunder to pay any amount owing with respect to the Obligations.
      In
      the event of any conflict between the accounts and records maintained by any
      Lender and the accounts and records of the Administrative Agent in respect
      of
      such matters, the accounts and records of the Administrative Agent shall control
      in the absence of manifest error. Upon the request of any Lender made through
      the Administrative Agent, the Borrower shall execute and deliver to such Lender
      (through the Administrative Agent) a Note, which shall evidence such Lender’s
      Loans in addition to such accounts or records. Each Lender may attach schedules
      to its Note and endorse thereon the date, Type (if applicable), amount and
      maturity of its Loans and payments with respect thereto.

     

    (b)  Accounts
      and Records of Purchases and Sales.
      In
      addition to the accounts and records referred to in Section
      2.11(a),
      each
      Lender and the Administrative Agent shall maintain in accordance with its usual
      practice accounts or records evidencing the purchases and sales by such Lender
      of participations in Letters of Credit and Swing Line Loans. In the event of
      any
      conflict between the accounts and records maintained by the Administrative
      Agent
      and the accounts and records of any Lender in respect of such matters, the
      accounts and records of the Administrative Agent shall control in the absence
      of
      manifest error.

     

    2.12  Payments
      Generally; Administrative Agent’s Clawback.
      

     

    (a)  General.
      All
      payments to be made by the Borrower shall be made without condition or deduction
      for any counterclaim, defense, recoupment or setoff. Except as otherwise
      expressly provided herein, all payments by the Borrower hereunder shall be
      made
      to the Administrative Agent, for the account of the respective Lenders to which
      such payment is owed, at the Administrative Agent’s Office in Dollars and in
      immediately available funds not later than 2:00 p.m. on the date specified
      herein. The Administrative Agent will promptly distribute to each Lender its
      Applicable Percentage in respect of the relevant Facility (or other applicable
      share as provided herein) of such payment in like funds as received by wire
      transfer to such Lender’s Lending Office. All payments received by the
      Administrative Agent after 2:00 p.m. shall be deemed received on the next
      succeeding Business Day and any applicable interest or fee shall continue to
      accrue. If any payment to be made by the Borrower shall come due on a day other
      than a Business Day, payment shall be made on the next following Business Day,
      and such extension of time shall be reflected in computing interest or fees,
      as
      the case may be.

     

    (b)  Presumptions
      by the Administrative Agent.

     

    (i)  Funding
      by Lenders.
      Unless
      the Administrative Agent shall have received notice from a Lender prior to
      the
      proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of
      any
      Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing)
      that such Lender will not make available to the Administrative Agent such
      Lender’s share of such Borrowing, the Administrative Agent may assume that such
      Lender has made such share available on such date in accordance with
Section
      2.02
      (or, in
      the case of a Borrowing of Base Rate Loans, that such Lender has made such
      share
      available in accordance with and at the time required by Section
      2.02)
      and
      may, in reliance upon such assumption, make available to the Borrower a
      corresponding amount. 

     

    

    
      
        
          
          

        

        
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    In
      such
      event, if a Lender has not in fact made its share of the applicable Borrowing
      available to the Administrative Agent, then the applicable Lender and the
      Borrower severally agree to pay to the Administrative Agent forthwith on demand
      such corresponding amount in immediately available funds with interest thereon,
      for each day from and including the date such amount is made available to the
      Borrower to but excluding the date of payment to the Administrative Agent,
      at
      (A) in the case of a payment to be made by such Lender, the greater of the
      Federal Funds Rate and a rate determined by the Administrative Agent in
      accordance with banking industry rules on interbank compensation, plus any
      administrative, processing or similar fees customarily charged by the
      Administrative Agent in connection with the foregoing, and (B) in the case
      of a
      payment to be made by the Borrower, the interest rate applicable to Base Rate
      Loans. If the Borrower and such Lender shall pay such interest to the
      Administrative Agent for the same or an overlapping period, the Administrative
      Agent shall promptly remit to the Borrower the amount of such interest paid
      by
      the Borrower for such period. If such Lender pays its share of the applicable
      Borrowing to the Administrative Agent, then the amount so paid shall constitute
      such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall
      be without prejudice to any claim the Borrower may have against a Lender that
      shall have failed to make such payment to the Administrative Agent.

     

    (ii)  Payments
      by Borrower.
      Unless
      the Administrative Agent shall have received notice from the Borrower prior
      to
      the time at which any payment is due to the Administrative Agent for the account
      of the Lenders or the L/C Issuer hereunder that the Borrower will not make
      such
      payment, the Administrative Agent may assume that the Borrower has made such
      payment on such date in accordance herewith and may, in reliance upon such
      assumption, distribute to the Appropriate Lenders or the L/C Issuer, as the
      case
      may be, the amount due. In such event, if the Borrower has not in fact made
      such
      payment, then each of the Appropriate Lenders or the L/C Issuer, as the case
      may
      be, severally agrees to repay to the Administrative Agent forthwith on demand
      the amount so distributed to such Lender or the L/C Issuer, in immediately
      available funds with interest thereon, for each day from and including the
      date
      such amount is distributed to it to but excluding the date of payment to the
      Administrative Agent, at the greater of the Federal Funds Rate and a rate
      determined by the Administrative Agent in accordance with banking industry
      rules
      on interbank compensation.

     

    A
      notice
      of the Administrative Agent to any Lender or the Borrower with respect to any
      amount owing under this subsection (b) shall be conclusive, absent manifest
      error.

     

    (c)  Failure
      to Satisfy Conditions Precedent.
      If any
      Lender makes available to the Administrative Agent funds for any Loan to be
      made
      by such Lender as provided in the foregoing provisions of this Article
      II,
      and
      such funds are not made available to the Borrower by the Administrative Agent
      because the conditions to the applicable Credit Extension set forth in
Article
      IV
      are not
      satisfied or waived in accordance with the terms hereof, the Administrative
      Agent shall return such funds (in like funds as received from such Lender)
      to
      such Lender, without interest.

    
       

      
        
          
            
            

          

          
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    (d)  Obligations
      of Lenders Several.
      The
      obligations of the Lenders hereunder to make Term Loans and Revolving Credit
      Loans, to fund participations in Letters of Credit and Swing Line Loans and
      to
      make payments pursuant to Section
      11.04(c)
      are
      several and not joint. The failure of any Lender to make any Loan, to fund
      any
      such participation or to make any payment under Section
      11.04(c)
      on any
      date required hereunder shall not relieve any other Lender of its corresponding
      obligation to do so on such date, and no Lender shall be responsible for the
      failure of any other Lender to so make its Loan, to purchase its participation
      or to make its payment under Section
      11.04(c).

     

    (e)  Funding
      Source.
      Nothing
      herein shall be deemed to obligate any Lender to obtain the funds for any Loan
      in any particular place or manner or to constitute a representation by any
      Lender that it has obtained or will obtain the funds for any Loan in any
      particular place or manner.

     

    (f)  Insufficient
      Funds.
      If at
      any time insufficient funds are received by and available to the Administrative
      Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees
      then due hereunder, such funds shall be applied (i) first,
      toward
      payment of interest and fees then due hereunder, ratably among the parties
      entitled thereto in accordance with the amounts of interest and fees then due
      to
      such parties, and (ii) second,
      toward
      payment of principal and L/C Borrowings then due hereunder, ratably among the
      parties entitled thereto in accordance with the amounts of principal and L/C
      Borrowings then due to such parties.

     

    2.13  Sharing
      of Payments by Lenders.
      If any
      Lender shall, by exercising any right of setoff or counterclaim or otherwise,
      obtain payment in respect of (a) Obligations in respect of any of the Facilities
      due and payable to such Lender hereunder and under 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 at such time to (ii)
      the aggregate amount of the Obligations in respect of the Facilities due and
      payable to all Lenders hereunder and under the other Loan Documents at such
      time) of payments on account of the Obligations in respect of the Facilities
      due
      and payable to all Lenders hereunder and under the other Loan Documents at
      such
      time obtained by all the Lenders at such time or (b) Obligations in respect
      of
      any of the Facilities owing (but not due and payable) to such Lender hereunder
      and under 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 (but
      not due and payable) to such Lender at such time to (ii) the aggregate amount
      of
      the Obligations in respect of the Facilities owing (but not due and payable)
      to
      all Lenders hereunder and under the other Loan Documents at such time) of
      payments on account of the Obligations in respect of the Facilities owing (but
      not due and payable) to all Lenders hereunder and under the other Loan Documents
      at such time obtained by all of the Lenders at such time, then, in each case
      under (a) or (b) above, the Lender receiving such greater proportion shall
      (A)
      notify the Administrative Agent of such fact, and (B) purchase (for cash at
      face
      value) participations in the Loans and subparticipations in L/C Obligations
      and
      Swing Line Loans of the other Lenders, or make such other adjustments as shall
      be equitable, so that the benefit of all such payments shall be shared by the
      Lenders ratably in accordance with the aggregate amount of Obligations in
      respect of the Facilities then due and payable to the Lenders or owing (but
      not
      due and payable) to the Lenders, as the case may be, provided
      that:

    
      

      
        
          
            
            

          

          
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    (1)  if
      any
      such participations or subparticipations are purchased and all or any portion
      of
      the payment giving rise thereto is recovered, such participations or
      subparticipations shall be rescinded and the purchase price restored to the
      extent of such recovery, without interest; and

     

    (2)  the
      provisions of this Section shall not be construed to apply to (A) any payment
      made by the Borrower pursuant to and in accordance with the express terms of
      this Agreement or (B) any payment obtained by a Lender as consideration for
      the
      assignment of or sale of a participation in any of its Loans or
      subparticipations in L/C Obligations or Swing Line Loans to any assignee or
      participant, other than to the Borrower or any Subsidiary thereof (as to which
      the provisions of this Section shall apply).

     

    Each
      Loan
      Party consents to the foregoing and agrees, to the extent it may effectively
      do
      so under applicable law, that any Lender acquiring a participation pursuant
      to
      the foregoing arrangements may exercise against such Loan Party rights of setoff
      and counterclaim with respect to such participation as fully as if such Lender
      were a direct creditor of such Loan Party in the amount of such
      participation.

     

    2.14  Increase
      in Term Facility. 

     

    (a)  Borrower
      Request.
      The
      Borrower, by written notice to the Administrative Agent (which shall promptly
      notify all Lenders) (a “Term
      Facility Increase Notice”),
      may
      from time to time prior to the fifth anniversary of the Closing Date request
      one
      or more increases in any Term Facility hereunder, which increases may consist
      of
      (i) one or more increases to the existing Term B Facility, (ii) the
      establishment of one or more additional Term Facilities in accordance with
      the
      terms hereof (each an “Additional
      Term Facility”),
      and
      (iii) one or more increases to any such Additional Term Facilities; provided
      that
      each such requested increase in the Term Facilities or any Additional Term
      Facility hereunder shall be in a principal amount of not less than $50,000,000
      and the aggregate principal amount of all such increases and Additional Term
      Facilities shall not exceed $400,000,000 (to an aggregate principal amount
      for
      all Term Facilities hereunder of no more than $725,000,000). Each Term Lender
      shall be given the opportunity to participate in any increase in any existing
      Term Facility or the establishment of any Additional Term Facility by delivery
      of a copy of each Term Facility Increase Notice, in which the Borrower (in
      consultation with the Administrative Agent) shall specify the time period within
      which each Term Lender is requested to respond (which shall in no event be
      less than ten Business Days from the date of delivery of such notice to the
      Term
      Lenders).

     

    (b)  Lender
      Elections to Increase.
      Each
      Term Lender shall notify the Administrative Agent within the time period
      specified in the applicable Term Facility Increase Notice whether or not it
      agrees to increase its existing Term Loans or provide an Additional Term
      Commitment and, if so, the amount it is willing to provide. Any Term Lender
      not responding within such time period shall be deemed to have declined to
      increase its Term Loans or to provide any Additional Term Commitment, as
      applicable.

     

    (c)  Notification
      by Administrative Agent; Additional Term Lenders.
      The
      Administrative Agent shall notify the Borrower and each Term Lender of all
      Term
      Lenders’ 

     

    

    
      
        
          
          

        

        
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    responses
      to each request made hereunder. If necessary to achieve the full amount of
      a
      requested increase in any Term Facility or establishment of an Additional Term
      Facility, and subject to the approval of the Administrative Agent (which
      approval shall not be unreasonably withheld), the Borrower may also invite
      additional Eligible Assignees to become Term Lenders pursuant to a joinder
      agreement substantially in the form of Exhibit
      L
      hereto
      (each an “Additional
      Term Lender”).
      

     

    (d)  Credit
      Agreement Supplement.
      Each
      Additional Term Facility and each increase in any existing Term Facility shall
      be established and effected (including the final allocation of Term Commitments
      thereunder) by a supplement to this Agreement (each a “Credit
      Agreement Supplement”)
      executed by the Borrower, the Administrative Agent, each existing Lender which
      has agreed to increase its Term Commitments or provide an Additional Term
      Commitment and any Additional Term Lender. Each Credit Agreement Supplement
      establishing an Additional Term Facility shall set forth the terms and
      conditions for the Term Loans under such Additional Term Facility, subject
      to
Section
      2.14(g).
      Each
      Credit Agreement Supplement establishing any Additional Term Facility or
      increasing an existing Term Facility shall become effective (the “Term
      Facility Increase Effective Date”)
      upon
      the satisfaction of the conditions precedent to such effectiveness as therein
      provided, which conditions precedent shall in any case include those specified
      in Section
      2.14(f),
      unless
      the conditions precedent specified in Section
      2.14(f)
      are
      waived with the consent of the Required Term Lenders (before giving effect
      to
      any such Credit Agreement Supplement). Each Credit Agreement Supplement may,
      without the consent of the Required Term Lenders or any other Lender, effect
      such technical amendments to Articles
      I,
      II
      and
III
      of this
      Agreement as may be appropriate in the opinion of the Administrative Agent
      to
      effect the provisions of this Section
      2.14;
      provided however,
      that
      any such amendments (i) shall not amend the definition of “Required Lenders” or
Section
      2.13,
      except
      as provided in Section
      10.01
      and (ii)
      shall not amend or otherwise modify any material rights and obligations of
      the
      non-consenting Lenders.

     

    (e)  Amortization.
      As of
      each Term Facility Increase Effective Date, the amortization terms for the
      Term
      Loans set forth in Section
      2.07(a)
      or in
      any existing Credit Agreement Supplement shall be amended to increase the
      then-remaining unpaid installments of principal outstanding under the applicable
      Term Facility by an aggregate amount equal to the increase in such existing
      Term
      Loans being made on such date, such aggregate amount to be applied to increase
      such installments ratably in accordance with the amounts in effect immediately
      prior to the Term Facility Increase Effective Date. Such amendment may be signed
      by the Administrative Agent on behalf of the Lenders.

     

    (f)  Conditions
      to Effectiveness.
      The
      establishment of any Additional Term Facility and any increase in any existing
      Term Facility pursuant to a Credit Agreement Supplement shall become effective
      subject to the satisfaction of the conditions precedent in such Credit Agreement
      Supplement and the following conditions precedent:

     

    (i)  each
      of
      the conditions set forth in Section
      4.02
      shall be
      satisfied;

     

    (ii)  no
      Default shall have occurred and be continuing or would result from the
      Borrowings to be made on any Term Facility Increase Effective Date;
      and

    
       

      
        
          
            
            

          

          
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    (iii)  the
      Borrower shall be in compliance with each of the covenants set forth in
Section
      7.11
      on a Pro
      Forma Basis after giving effect to the Borrowings to be made on the Term
      Facility Increase Effective Date.

     

    (g)  Terms
      of Increased or Additional Loans.
      The
      terms of Loans under any Additional Term Facility or under any increase in
      any
      existing Term Facility established or effected by a Credit Agreement Supplement
      shall be as follows unless otherwise agreed to by (x) in the case of any such
      Additional Term Facility, the Required Term Lenders and (y) in the case of
      any
      increase in any existing Term Facility, all the Lenders providing Loans under
      such existing Term Facility, in each case, before giving effect to such Credit
      Agreement Supplement:

     

    (i)  Increased
      Term Commitments.
      The
      terms and provisions of Term Loans made pursuant to any increase to an existing
      Term Facility shall be identical to such existing Term Facility, including,
      without limitation, Maturity Date and Applicable Margin. 

     

    (ii)  Terms
      of Additional Term Facilities.
      The
      terms and provisions of any Term Loans made pursuant to any Additional Term
      Facility shall include the following:

     

    (A)  the
      Borrower shall repay to the Lenders under an Additional Term Facility the
      aggregate principal amount of such Additional Term Loans (the “Initial
      Outstanding Amount”)
      on
      such dates and in such amounts as are set forth in the applicable Credit
      Agreement Supplement for such Additional Term Facility, provided
      that in
      no event shall the annual amortization for any period prior to the Maturity
      Date
      for the Additional Term Facility be based upon annual amounts equal to more
      than
      1% of such Initial Outstanding Amount; and

     

    (B)  the
      Maturity Date of any Loans under an Additional Term Facility shall not be
      earlier than the Maturity Date for Term B Loans.

     

    (h)  Equal
      and Ratable Benefit.
      The
      Term Facilities established or increased pursuant to this Section
      2.14
      shall be
      entitled to all the benefits afforded by this Agreement and the other Loan
      Documents, and shall, without limiting the foregoing, benefit equally and
      ratably from the Guaranty and the security interests created by the Collateral
      Documents, except that any Loans under any new Term Facility established
      pursuant to a Credit Agreement Supplement may be subordinated in right of
      payment to the Loans under any then existing Facility and the Loans under such
      newly established Term Facility may be secured by Liens which are subordinate
      to
      the Liens of the Collateral Documents, in each case, as and to the extent
      provided in such Credit Agreement Supplement. The Loan Parties shall take any
      actions reasonably required by the Administrative Agent to ensure and/or
      demonstrate that the Liens and security interests granted by the Collateral
      Documents continue to be perfected under the UCC or otherwise after giving
      effect to the establishment of any such new Term Facility or the effectiveness
      of any increase to the Term Facilities.

     

    (i)  Conflicting
      Provisions.
      Except
      as otherwise expressly provided herein, this Section shall supersede any
      provisions in Section
      2.13
      or
10.01
      to the
      contrary.

    
       

      
        
          
            
            

          

          
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    ARTICLE
      III  

    TAXES,
      YIELD PROTECTION AND ILLEGALITY

     

    3.01  Taxes.

     

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

     

    (b)  Payment
      of Other Taxes by the Borrower and Holdings.
      Without
      limiting the provisions of subsection (a) above, the Borrower and Holdings
      shall
      timely pay any Other Taxes to the relevant Governmental Authority in accordance
      with applicable law.

     

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

     

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

     

    (e)  Status
      of Lenders.
      Any
      Foreign Lender that is entitled to an exemption from or reduction of withholding
      tax under the law of the jurisdiction in which the Borrower or Holdings, as
      the
      case may be, is resident for tax purposes, or any treaty to which such
      jurisdiction is a party, with respect to payments hereunder or under any other
      Loan Document shall deliver to the Borrower and Holdings (with a copy to the
      Administrative Agent), at the time or times prescribed by applicable law or
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    Administrative
      Agent, such properly completed and executed documentation prescribed by
      applicable law as will permit such payments to be made without withholding
      or at
      a reduced rate of withholding. In addition, any Lender, if requested by the
      Borrower, Holdings or the Administrative Agent, shall deliver such other
      documentation prescribed by applicable law or reasonably requested by the
      Borrower, Holdings or the Administrative Agent as will enable the Borrower,
      Holdings or the Administrative Agent to determine whether or not such Lender
      is
      subject to backup withholding or information reporting
      requirements.

     

    Without
      limiting the generality of the foregoing, if the Borrower or Holdings, as the
      case may be, is resident for tax purposes in the United States, any Foreign
      Lender shall deliver to the Borrower, Holdings and the Administrative Agent
      (in
      such number of copies as shall be requested by the recipient) on or prior to
      the
      date on which such Foreign Lender becomes a Lender under this Agreement (and
      from time to time thereafter upon the request of the Borrower, Holdings or
      the
      Administrative Agent, but only if such Foreign Lender is legally entitled to
      do
      so), whichever of the following is applicable:

     

    (i)  duly
      completed copies of Internal Revenue Service Form W-8BEN claiming eligibility
      for benefits of an income tax treaty to which the United States is a
      party,

     

    (ii)  duly
      completed copies of Internal Revenue Service Form W-8ECI,

     

    (iii)  in
      the
      case of a Foreign Lender claiming the benefits of the exemption for portfolio
      interest under section 881(c) of the Code, (A) a certificate to the effect
      that
      such Foreign Lender is not (1) a “bank” within the meaning of section
      881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of the Borrower or
      Holdings within the meaning of section 881(c)(3)(B) of the Code, or (3) a
“controlled foreign corporation” described in section 881(c)(3)(C) of the Code
      and (B) duly completed copies of Internal Revenue Service Form W-8BEN,
      or

     

    (iv)  any
      other
      form prescribed by applicable law as a basis for claiming exemption from or
      a
      reduction in United States Federal withholding tax duly completed together
      with
      such supplementary documentation as may be prescribed by applicable law to
      permit the Borrower to determine the withholding or deduction required to be
      made.

     

    (f)  Treatment
      of Certain Refunds.
      If the
      Administrative Agent, any Lender or the L/C Issuer determines, in its sole
      discretion, that it has received a refund of any Taxes or Other Taxes as to
      which it has been indemnified by the Borrower or Holdings, as the case may
      be,
      or with respect to which the Borrower or Holdings, as the case may be, has
      paid
      additional amounts pursuant to this Section, it shall pay to the Borrower or
      Holdings, as the case may be, an amount equal to such refund (but only to the
      extent of indemnity payments made, or additional amounts paid, by the Borrower
      or Holdings under this Section with respect to the Taxes or Other Taxes giving
      rise to such refund), net of all out-of-pocket expenses of the Administrative
      Agent, such Lender or the L/C Issuer, as the case may be, and without interest
      (other than any interest paid by the relevant Governmental Authority with
      respect to such refund), provided
      that the
      Borrower or Holdings, as the case may be, upon the request of the Administrative
      Agent, such Lender or the L/C Issuer, agrees to repay the amount paid over
      to
      the Borrower or Holdings (plus 

     

    

    
      
        
          
          

        

        
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    any
      penalties, interest or other charges imposed by the relevant Governmental
      Authority), as the case may be, to the Administrative Agent, such Lender or
      the
      L/C Issuer if the Administrative Agent, such Lender or the L/C Issuer is
      required to repay such refund to such Governmental Authority. This subsection
      shall not be construed to require the Administrative Agent, any Lender or the
      L/C Issuer to make available its tax returns (or any other information relating
      to its taxes that it deems confidential) to the Borrower, Holdings or any other
      Person.

     

    3.02  Illegality.
      If any
      Lender determines that any Law has made it unlawful, or that any Governmental
      Authority has asserted that it is unlawful, for any Lender or its applicable
      Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine
      or charge interest rates based upon the Eurodollar Rate, or any Governmental
      Authority has imposed material restrictions on the authority of such Lender
      to
      purchase or sell, or to take deposits of, Dollars in the London interbank
      market, then, on notice thereof by such Lender to the Borrower through the
      Administrative Agent, any obligation of such Lender to make or continue
      Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans
      shall be suspended until such Lender notifies the Administrative Agent and
      the
      Borrower that the circumstances giving rise to such determination no longer
      exist. Upon receipt of such notice, the Borrower shall, upon demand from such
      Lender (with a copy to the Administrative Agent), prepay or, if applicable,
      convert all Eurodollar Rate Loans of such Lender to Base Rate Loans, either
      on
      the last day of the Interest Period therefor, if such Lender may lawfully
      continue to maintain such Eurodollar Rate Loans to such day, or immediately,
      if
      such Lender may not lawfully continue to maintain such Eurodollar Rate Loans.
      Upon any such prepayment or conversion, the Borrower shall also pay accrued
      interest on the amount so prepaid or converted. 

     

    3.03  Inability
      to Determine Rates.
      If the
      Required Lenders determine that for any reason in connection with any request
      for a Eurodollar Rate Loan or a conversion to or continuation thereof that
      (a)
      Dollar deposits are not being offered to banks in the London interbank
      eurodollar market for the applicable amount and Interest Period of such
      Eurodollar Rate Loan, (b) adequate and reasonable means do not exist for
      determining the Eurodollar Rate for any requested Interest Period with respect
      to a proposed Eurodollar Rate Loan, or (c) the Eurodollar Rate for any requested
      Interest Period with respect to a proposed Eurodollar Rate Loan does not
      adequately and fairly reflect the cost to such Lenders of funding such Loan,
      the
      Administrative Agent will promptly so notify the Borrower and each Lender.
      Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate
      Loans shall be suspended until the Administrative Agent (upon the instruction
      of
      the Required Lenders) revokes such notice. Upon receipt of such notice, the
      Borrower may revoke any pending request for a Borrowing of, conversion to or
      continuation of Eurodollar Rate Loans or, failing that, will be deemed to have
      converted such request into a request for a Borrowing of Base Rate Loans in
      the
      amount specified therein.

     

    3.04  Increased
      Costs; Reserves on Eurodollar Rate Loans.
      (a) Increased
      Costs Generally.
      If any
      Change in Law shall:

     

    (i)  impose,
      modify or deem applicable any reserve, special deposit, compulsory loan,
      insurance charge or similar requirement against assets of, deposits with or
      for
      the account of, or credit extended or participated in by, any Lender (except
      any
      reserve requirement contemplated by Section 3.04(e))
      or the
      L/C Issuer; 

    
      

      
        
          
            
            

          

          
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    (ii)  subject
      any Lender or the L/C Issuer to any tax of any kind whatsoever with respect
      to
      this Agreement, any Letter of Credit, any participation in a Letter of Credit
      or
      any Eurodollar Rate Loan made by it, or change the basis of taxation of payments
      to such Lender or the L/C Issuer in respect thereof (except for Indemnified
      Taxes or Other Taxes covered by Section
      3.01
      and the
      imposition of, or any change in the rate of, any Excluded Tax payable by such
      Lender or the L/C Issuer); or

     

    (iii)  impose
      on
      any Lender or the L/C Issuer or the London interbank market any other condition,
      cost or expense affecting this Agreement or Eurodollar Rate Loans made by such
      Lender or any Letter of Credit or participation therein;

     

    and
      the
      result of any of the foregoing shall be to increase the cost to such Lender
      of
      making or maintaining any Eurodollar Rate Loan (or of maintaining its obligation
      to make any such Loan), or to increase the cost to such Lender or the L/C Issuer
      of participating in, issuing or maintaining any Letter of Credit (or of
      maintaining its obligation to participate in or to issue any Letter of Credit),
      or to reduce the amount of any sum received or receivable by such Lender or
      the
      L/C Issuer hereunder (whether of principal, interest or any other amount) then,
      upon request of such Lender or the L/C Issuer, the Borrower will pay to such
      Lender or the L/C Issuer, as the case may be, such additional amount or amounts
      as will compensate such Lender or the L/C Issuer, as the case may be, for such
      additional costs incurred or reduction suffered.

     

    (b)  Capital
      Requirements.
      If any
      Lender or the L/C Issuer determines that any Change in Law affecting such Lender
      or the L/C Issuer or any Lending Office of such Lender or such Lender’s or the
      L/C Issuer’s holding company, if any, regarding capital requirements has or
      would have the effect of reducing the rate of return on such Lender’s or the L/C
      Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding
      company, if any, as a consequence of this Agreement, the Commitments of such
      Lender or the Loans made by, or participations in Letters of Credit held by,
      such Lender, or the Letters of Credit issued by the L/C Issuer, to a level
      below
      that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s
      holding company could have achieved but for such Change in Law (taking into
      consideration such Lender’s or the L/C Issuer’s policies and the policies of
      such Lender’s or the L/C Issuer’s holding company with respect to capital
      adequacy), then from time to time the Borrower will pay to such Lender or the
      L/C Issuer, as the case may be, such additional amount or amounts as will
      compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s
      holding company for any such reduction suffered.

     

    (c)  Certificates
      for Reimbursement.
      A
      certificate of a Lender or the L/C Issuer setting forth the amount or amounts
      necessary to compensate such Lender or the L/C Issuer or its holding company,
      as
      the case may be, as specified in subsection (a) or (b) of this Section and
      delivered to the Borrower shall be conclusive absent manifest error. The
      Borrower shall pay such Lender or the L/C Issuer, as the case may be, the amount
      shown as due on any such certificate within 10 days after receipt
      thereof.

     

    (d)  Delay
      in Requests.
      Failure
      or delay on the part of any Lender or the L/C Issuer to demand compensation
      pursuant to the foregoing provisions of this Section shall not constitute a
      waiver of such Lender’s or the L/C Issuer’s right to demand such compensation,
provided
      that the
      Borrower shall not be required to compensate a Lender or the L/C Issuer

     

    

    
      
        
          
          

        

        
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    pursuant
      to the foregoing provisions of this Section for any increased costs incurred
      or
      reductions suffered more than 120 days prior to the date that such Lender or
      the
      L/C Issuer, as the case may be, notifies the Borrower of the Change in Law
      giving rise to such increased costs or reductions and of such Lender’s or the
      L/C Issuer’s intention to claim compensation therefor (except that, if the
      Change in Law giving rise to such increased costs or reductions is retroactive,
      then the 120 day period referred to above shall be extended to include the
      period of retroactive effect thereof).

     

    (e)  Reserves
      on Eurodollar Rate Loans.
      The
      Borrower shall pay to each Lender, as long as such Lender shall be required
      to
      maintain reserves with respect to liabilities or assets consisting of or
      including Eurocurrency funds or deposits (currently known as “Eurocurrency
      liabilities,” as defined in Regulation D of the FRB), additional interest on the
      unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs
      of such reserves allocated to such Loan by such Lender (as determined by such
      Lender in good faith, which determination shall be conclusive), which shall
      be
      due and payable on each date on which interest is payable on such Loan,
provided
      the
      Borrower shall have received at least 10 days’ prior notice (with a copy to the
      Administrative Agent) of such additional interest from such Lender together
      with
      a schedule containing a reasonably detailed explanation and calculation thereof;
      and provided,
      further,
      that
      such additional interest shall not exceed an amount based upon an interest
      rate
      per annum equal to the remainder obtained by subtracting (i) the Eurodollar
      Rate
      for the Interest Period for such Eurodollar Rate Loan from (ii) the rate
      obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus
      the Eurodollar Reserve Percentage of such Lender for such Interest Period.
      If a
      Lender fails to give notice 10 days prior to the relevant Interest Payment
      Date,
      such additional interest shall be due and payable 10 days from receipt of such
      notice.

     

    3.05  Compensation
      for Losses.
      Upon
      demand of any Lender (with a copy to the Administrative Agent) from time to
      time, the Borrower shall promptly compensate such Lender for and hold such
      Lender harmless from any loss, cost or expense incurred by it as a result
      of:

     

    (a)  any
      continuation, conversion, payment or prepayment of any Eurodollar Rate Loan
      on a
      day other than the last day of the Interest Period for such Loan (whether
      voluntary, mandatory, automatic, by reason of acceleration, or
      otherwise);

     

    (b)  any
      failure by the Borrower (for a reason other than the failure of such Lender
      to
      make a Loan) to prepay, borrow, continue or convert any Eurodollar Rate Loan
      on
      the date or in the amount notified by the Borrower; or

     

    (c)  any
      assignment of a Eurodollar Rate Loan on a day other than the last day of the
      Interest Period therefor as a result of a request by the Borrower pursuant
      to
Section
      11.13;

     

    excluding
      any
      loss
      of anticipated profits
      but
      including any loss or expense arising from the liquidation or reemployment
      of
      funds obtained by it to maintain such Loan or from fees payable to terminate
      the
      deposits from which such funds were obtained.
      The
      Borrower shall also pay any customary administrative fees charged by such Lender
      in connection with the foregoing.

     

    

    
      
        
          
          

        

        
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    For
      purposes of calculating amounts payable by the Borrower to the Lenders under
      this Section 3.05,
      each
Lender
      shall be
      deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar
      Rate for such Loan by a matching deposit or other borrowing in the London
      interbank eurodollar market for a comparable amount and for a comparable period,
      whether or not such Eurodollar Rate Loan was in fact so funded.

     

    3.06  Mitigation
      Obligations; Replacement of Lenders.
      

     

    (a)  Designation
      of a Different Lending Office.
      If any
      Lender requests compensation under Section
      3.04,
      or the
      Borrower is required to pay any additional amount to any Lender or any
      Governmental Authority for the account of any Lender pursuant to Section 3.01,
      or if
      any Lender gives a notice pursuant to Section
      3.02,
      then
      such Lender shall use reasonable efforts to designate a different Lending Office
      for funding or booking its Loans hereunder or to assign its rights and
      obligations hereunder to another of its offices, branches or affiliates, if,
      in
      the judgment of such Lender, such designation or assignment (i) would eliminate
      or reduce amounts payable pursuant to Section
      3.01
      or
3.04,
      as the
      case may be, in the future, or eliminate the need for the notice pursuant to
      Section
      3.02,
      as
      applicable, and (ii) in each case, would not subject such Lender to any
      unreimbursed cost or expense and would not, in the good faith judgment of such
      Lender, otherwise be materially disadvantageous to such Lender. The Borrower
      hereby agrees to pay all reasonable costs and expenses incurred by any Lender
      in
      connection with any such designation or assignment.

     

    (b)  Replacement
      of Lenders.
      If any
      Lender requests compensation under Section
      3.04,
      or if
      the Borrower is required to pay any additional amount to any Lender or any
      Governmental Authority for the account of any Lender pursuant to Section
      3.01,
      the
      Borrower may replace such Lender in accordance with Section
      11.13.
      

     

    3.07  Survival.
      All of
      the Borrower’s obligations under this Article
      III
      shall
      survive termination of the Aggregate Commitments and repayment of all other
      Obligations hereunder.

     

    ARTICLE
      IV  

    CONDITIONS
      PRECEDENT TO CREDIT EXTENSIONS

     

    4.01  Conditions
      of Initial Credit Extension.
      The
      obligation of the L/C Issuer and each Lender to make its initial Credit
      Extension hereunder is subject to satisfaction of the following conditions
      precedent:

     

    (a)  Documents,
      Certificates, Opinions and Other Instruments.
      The
      Administrative Agent’s receipt of the following, each of which shall be
      originals or telecopies (followed promptly by originals) unless otherwise
      specified, each properly executed by a Responsible Officer of the signing Loan
      Party, each dated the Closing Date (or, in the case of certificates of
      governmental officials, a recent date before the Closing Date) and each in
      form
      and substance satisfactory to the Administrative Agent and each of the
      Lenders:

     

    (i)  executed
      counterparts of this Agreement and the Guaranty, sufficient in number for
      distribution to the Administrative Agent, each Lender and the
      Borrower;

    
       

      
        
          
            
            

          

          
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    (ii)  a
      Note
      executed by the Borrower in favor of each Lender requesting a Note;

     

    (iii)  a
      pledge
      and security agreement, in substantially the form of Exhibit G
      (together with each other pledge and security agreement and pledge and security
      agreement supplement delivered pursuant to Section 6.12,
      in each
      case as amended, the “Security
      Agreement”),
      duly
      executed by each Loan Party, together with:

     

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

     

    (B)  proper
      Financing Statements in form appropriate for filing under the Uniform Commercial
      Code of all jurisdictions that the Administrative Agent may deem necessary
      or
      desirable in order to perfect the Liens created under the Security Agreement,
      covering the Collateral described in the Security Agreement,

     

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

     

    (D)  evidence
      of the completion of all other actions, recordings and filings of or with
      respect to the Security Agreement that the Administrative Agent may deem
      necessary or desirable in order to perfect the Liens created
      thereby,

     

    (E)  the
      Account Control Agreements referred to in the Security Agreement duly executed
      by the appropriate parties,

     

    (F)  copies
      of
      the Material Contracts referred to in the Security Agreement, together with,
      if
      requested by the Administrative Agent, a consent to such assignment, in
      substantially the form required under the Security Agreement, duly executed
      by
      each party to such Material Contracts other than the Loan Parties, 

     

    (G)  a
      Perfection Certificate, duly executed by each Loan Party; and

     

    (H)  evidence
      that all other action that the Administrative Agent may deem necessary or
      desirable in order to perfect the Liens created under the Security Agreement
      has
      been taken (including receipt of duly executed payoff letters, UCC-3 termination
      statements and landlords’ and bailees’ waiver and consent
      agreements);

     

    (iv)  deeds
      of
      trust, trust deeds, deeds to secure debt and mortgages, (other than leasehold
      mortgages and leasehold deeds of trust), in substantially the form of

     

    

    
      
        
          
          

        

        
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    Exhibit H
      (with
      such changes as may be satisfactory to the Administrative Agent and its counsel
      to account for local law matters) and covering the properties identified to
      be
      mortgaged on Schedules 5.08(c)
      and (d)
      (together with the Assignments of Leases and Rents referred to therein and
      each
      other mortgage delivered pursuant to Section
      6.12,
      in each
      case as amended, the “Mortgages”),
      duly
      executed by the appropriate Loan Party, together with:

     

    (A)  evidence
      that counterparts of the Mortgages have been duly executed, acknowledged and
      delivered and are in form suitable for filing or recording in all filing or
      recording offices that the Administrative Agent may deem necessary or desirable
      in order to create a valid first and subsisting Lien on the property described
      therein in favor of the Administrative Agent for the benefit of the Secured
      Parties and that all filing, documentary, stamp, intangible and recording taxes
      and fees have been paid (or that arrangements for the payment thereof
      satisfactory to the Administrative Agent have been made),

     

    (B)  if
      requested by the Administrative Agent, fully paid American Land Title
      Association Lender’s Extended Coverage title insurance policies (the
“Mortgage
      Policies”)
      in
      form and substance, with endorsements and in amounts acceptable to the
      Administrative Agent, issued, coinsured and reinsured by title insurers
      reasonably acceptable to the Administrative Agent, insuring the Mortgages to
      be
      valid first and subsisting Liens on the property described therein, free and
      clear of all defects (including, but not limited to, mechanics’ and
      materialmen’s Liens) and encumbrances, excepting only Permitted Encumbrances and
      other Liens permitted under the Loan Documents, and providing for such other
      affirmative insurance (including endorsements for future advances under the
      Loan
      Documents, for mechanics’ and materialmen’s Liens and for zoning of the
      applicable property) and such coinsurance and direct access reinsurance as
      the
      Administrative Agent may deem necessary or desirable,

     

    (C)  if
      requested by the Administrative Agent, American Land Title Association/American
      Congress on Surveying and Mapping form surveys, for which all necessary fees
      (where applicable) have been paid, certified to the Administrative Agent and
      the
      issuer of the Mortgage Policies in a manner satisfactory to the Administrative
      Agent by a land surveyor duly registered and licensed in the States in which
      the
      property described in such surveys is located and acceptable to the
      Administrative Agent, showing all buildings and other improvements, any off-site
      improvements, the location of any easements, parking spaces, rights of way,
      building set-back lines and other dimensional regulations and the absence of
      encroachments, either by such improvements or on to such property, and other
      defects, other than encroachments and other defects acceptable to the
      Administrative Agent,

     

    (D)  if
      requested by the Administrative Agent, engineering, soils and other reports
      as
      to the properties described in the Mortgages, in form and substance and from
      professional firms reasonably acceptable to the Administrative
      Agent,

    
      

      
        
          
            
            

          

          
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    (E)  if
      requested by the Administrative Agent, estoppel and consent agreements, in
      form
      and substance satisfactory to the Administrative Agent, executed by each of
      the
      lessors of the leased real properties listed on Schedule 5.08(d)(1),
      along
      with (1) a memorandum of lease in recordable form with respect to such
      leasehold interest, executed and acknowledged by the owner of the affected
      real
      property, as lessor, or (2) evidence that the applicable lease with respect
      to such leasehold interest or a memorandum thereof has been recorded in all
      places necessary or desirable, in the Administrative Agent’s reasonable
      judgment, to give constructive notice to third-party purchasers of such
      leasehold interest, or (3) if such leasehold interest was acquired or
      subleased from the holder of a recorded leasehold interest, the applicable
      assignment or sublease document, executed and acknowledged by such holder,
      in
      each case in form sufficient to give such constructive notice upon recordation
      and otherwise in form reasonably satisfactory
      to the
      Administrative Agent,

     

    (F)  evidence
      of the insurance required by the terms of the Mortgages,

     

    (G)  if
      requested by the Administrative Agent, an appraisal of each of the properties
      described in the Mortgages complying with the requirements of the Federal
      Financial Institutions Reform, Recovery and Enforcement Act of 1989,
      and

     

    (H)  evidence
      that all other action that the Administrative Agent may deem necessary or
      desirable in order to create valid first and subsisting Liens on the property
      described in the Mortgages has been taken;

     

    (v)  an
      intellectual property security agreement, in substantially the form of
Exhibit I
      (together with each other intellectual property security agreement and
      intellectual property security agreement supplement delivered pursuant to
Section 6.12,
      in each
      case as amended, the “Intellectual
      Property Security Agreement”),
      duly
      executed by each Loan Party, together with evidence that all action that the
      Administrative Agent may deem necessary or desirable in order to perfect the
      Liens created under the Intellectual Property Security Agreement has been
      taken;

     

    (vi)  such
      certificates of resolutions or other action, incumbency certificates and/or
      other certificates of Responsible Officers of each Loan Party as the
      Administrative Agent may require evidencing the identity, authority and capacity
      of each Responsible Officer thereof authorized to act as a Responsible Officer
      in connection with this Agreement and the other Loan Documents to which such
      Loan Party is a party or is to be a party;

     

    (vii)  such
      documents and certifications as the Administrative Agent may reasonably require
      to evidence that each Loan Party is duly organized or formed and is validly
      existing, in good standing and qualified to engage in business in each
      jurisdiction where its ownership, lease or operation of properties or the
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    business
      requires such qualification, except to the extent that failure to do so could
      not reasonably be expected to have a Material Adverse Effect;

     

    (viii)  a
      favorable opinion of Timothy Davis, Esq., General Counsel of Holdings, addressed
      to the Administrative Agent and each Lender, as to the matters set forth in
      Exhibit
      J-1
      and such
      other matters concerning the Loan Parties and the Loan Documents as the
      Administrative Agent may reasonably request;

     

    (ix)  a
      favorable opinion of Hughes Hubbard & Reed LLP special New York counsel to
      the Loan Parties addressed to the Administrative Agent and each Lender, as
      to
      the matters set forth in Exhibit
      J-2
      and such
      other matters concerning the Loan Parties and the Loan Documents as the
      Administrative Agent may reasonably request;

     

    (x)  a
      certificate of a Responsible Officer of each Loan Party either (A) attaching
      copies of all consents, licenses and approvals required in connection with
      the
      execution, delivery and performance by such Loan Party and the validity against
      such Loan Party of the Loan Documents to which it is a party, and such consents,
      licenses and approvals shall be in full force and effect, or (B) stating that
      no
      such consents, licenses or approvals are so required;

     

    (xi)  a
      certificate signed by a Responsible Officer of the Borrower certifying (A)
      that
      the conditions specified in Sections
      4.02(a)
      and
(b)
      have
      been satisfied, and (B) that there has been no event or circumstance since
      the
      date of the Audited Financial Statements that was not fully disclosed in public
      filings by Holdings with the SEC before May 16, 2006 that has had or could
      be
      reasonably expected to have, either individually or in the aggregate, a Material
      Adverse Effect;

     

    (xii)  certificates
      attesting to the Solvency of each Loan Party before and after giving effect
      to
      the Transaction, from its chief financial officer;

     

    (xiii)  if
      requested by the Administrative Agent, an environmental assessment report,
      in
      form and substance satisfactory to the Lenders from an environmental consulting
      firm acceptable to the Lenders, which report shall identify existing and
      potential environmental concerns and shall quantify related costs and
      liabilities, associated with any facilities of any Loan Party or any of their
      respective Subsidiaries, and the Lenders shall be satisfied with the nature
      and
      amount of any such matters and with remedial or other plans with respect
      thereto;

     

    (xiv)  evidence
      that all insurance required to be maintained pursuant to the Loan Documents
      has
      been obtained and is in effect, together with the certificates of insurance,
      naming the Administrative Agent, on behalf of the Lenders, as an additional
      insured or loss payee, as the case may be, under all insurance policies
      maintained with respect to the assets and properties of the Loan Parties that
      constitutes Collateral;

     

    (xv)  certified
      copies of each of the Related Documents, duly executed by the parties thereto
      and in form and substance satisfactory to the Lenders, together with all
      agreements, instruments and other documents delivered in connection therewith
      as
      the Administrative Agent shall request;

    
       

      
        
          
            
            

          

          
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    (xvi)  a
      duly
      completed Compliance Certificate as of the last day of the fiscal quarter of
      the
      Borrower ended March 31, 2006, signed by chief executive officer, chief
      financial officer, treasurer or controller of the Borrower; and

     

    (xvii)  such
      other assurances, certificates, documents, consents or opinions as the
      Administrative Agent, the L/C Issuer, the Swing Line Lender or any Lender
      reasonably may require.

     

    (b)  Fees.
      (i) All
      fees required to be paid to the Administrative Agent and the Lead Arrangers
      on
      or before the Closing Date shall have been paid and (ii) all fees required
      to be
      paid to the Lenders on or before the Closing Date shall have been
      paid.

     

    (c)  Counsel’s
      Fees.
      Unless
      waived by the Administrative Agent, the Borrower shall have paid all reasonable
      fees, charges and disbursements of counsel to the Administrative Agent (directly
      to such counsel if requested by the Administrative Agent) to the extent invoiced
      prior to the Closing Date, plus such additional amounts of such fees, charges
      and disbursements as shall constitute its reasonable estimate of such reasonable
      fees, charges and disbursements incurred or to be incurred by it through the
      closing proceedings (provided
      that
      such estimate shall not thereafter preclude a final settling of accounts between
      the Borrower and the Administrative Agent).

     

    (d)  Borrower
      Information.
      All of
      the information made available to the Administrative Agent prior to May 16,
      2006
      shall be complete and correct in all material respects; and since May 16, 2006,
      no changes or developments shall have occurred, and no new or additional
      information shall have been received or discovered by the Administrative Agent
      or the Lenders regarding Holdings, the Borrower and their respective
      Subsidiaries or the Transaction that (A) either individually or in the
      aggregate could reasonably be expected to have a Material Adverse Effect or
      (B) purports to materially adversely affect the Facilities or any other
      aspect of the Transaction.

     

    (e)  Availability.
      After
      giving effect to the Transaction, including all Credit Extensions made in
      connection therewith, the amount by which the aggregate Revolving Credit
      Commitments exceeds the sum of (i) the Outstanding Amount of Revolving Credit
      Loans and Swing Line Loans and (ii) the Outstanding Amount of L/C Obligations
      shall be no less than $100,000,000.

     

    (f)  Debt
      Rating.
      The
      Administrative Agent shall have received evidence of an effective Debt Rating
      from both S&P and Moody’s.

     

    (g)  Assignment
      from Existing Lenders.
      The
      Administrative Agent shall have received an assignment agreement in form and
      substance acceptable to it from all the lenders under the Existing Credit
      Agreement.

     

    (h)  Tender
      Offer.
      The
      Tender Offer, contemporaneously with the funding of the Term B Loans on the
      Closing Date, shall have been consummated in compliance with all applicable
      Laws
      and with the Tender Offer Documents.

     

    

    
      
        
          
          

        

        
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    Without
      limiting the generality of the provisions of Section
      9.04,
      for
      purposes of determining compliance with the conditions specified in this
Section
      4.01,
      each
      Lender that has signed this Agreement 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 a Lender unless the Administrative Agent shall have received
      notice from such Lender prior to the proposed Closing Date specifying its
      objection thereto.

     

    4.02  Conditions
      to all Credit Extensions.
      The
      obligation of each Lender to honor any Request for Credit Extension (other
      than
      a Loan Notice requesting only a conversion of Loans of one Type to another
      Type,
      or a continuation of Eurodollar Rate Loans) is subject to the following
      conditions precedent:

     

    (a)  Representations
      and Warranties.
      The
      representations and warranties of the Borrower and each other Loan Party
      contained in Article
      V
      or any
      other Loan Document, or which are contained in any document furnished at any
      time under or in connection herewith or therewith, shall be true and correct
      in
      all material respects on and as of the date of such Credit Extension, except
      to
      the extent that such representations and warranties specifically refer to an
      earlier date, in which case they shall be true and correct in all material
      respects as of such earlier date, and except that for purposes of this
Section
      4.02,
      the
      representations and warranties contained in Sections
      5.05(a)
      and
(b)
      shall be
      deemed to refer to the most recent statements furnished pursuant to Sections
      6.01(a)
      and
(b),
      respectively.

     

    (b)  No
      Default.
      No
      Default shall exist, or would result from such proposed Credit Extension or
      from
      the application of the proceeds thereof.

     

    (c)  Request
      for Credit Extension.
      The
      Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender
      shall have received a Request for Credit Extension in accordance with the
      requirements hereof.

     

    Each
      Request for Credit Extension (other than a Loan Notice requesting only a
      conversion of Loans of one Type to another Type or a continuation of Eurodollar
      Rate Loans) submitted by the Borrower shall be deemed to be a representation
      and
      warranty that the conditions specified in Sections
      4.02(a)
      and
(b)
      have
      been satisfied on and as of the date of the applicable Credit
      Extension.

     

    ARTICLE
      V  

    REPRESENTATIONS
      AND WARRANTIES

     

    Each
      of
      Holdings and the Borrower represents and warrants to the Administrative Agent
      and the Lenders that:

     

    5.01  Existence,
      Qualification and Power.
      Each
      Loan Party and each of its Subsidiaries (a) is duly organized or formed, validly
      existing and, as applicable, in good standing under the Laws of the jurisdiction
      of its incorporation or organization, (b) has all requisite power and authority
      and all requisite governmental licenses, authorizations, consents and approvals
      to (i) own or lease its assets and carry on its business and (ii) execute,
      deliver and perform its obligations under the Loan Documents, Tender Offer
      Documents or Material Contracts to which it is a party and consummate the
      Transaction, and (c) is duly qualified and is licensed and, as 

     

    

    
      
        
          
          

        

        
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    applicable,
      in good standing under the Laws of each jurisdiction where its ownership, lease
      or operation of properties or the conduct of its business requires such
      qualification or license; except in each case referred to in clause (b)(i)
      or
      (c), to the extent that failure to do so could not reasonably be expected to
      have a Material Adverse Effect.

     

    5.02  Authorization;
      No Contravention.
      The
      execution, delivery and performance by each Loan Party of each Loan Document
      and
      Related Document to which such Person is or is to be a party have been duly
      authorized by all necessary corporate or other organizational action, and do
      not
      and will not (a) contravene the terms of any of such Person’s Organization
      Documents; (b) conflict with or result in any breach or contravention of, or
      result in the creation of any Lien under (i) any Contractual Obligation to
      which
      such Person is a party or binding upon such Person or the properties of such
      Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree
      of any Governmental Authority or any arbitral award to which such Person or
      its
      property is subject; or (c) violate any Law, except in each case referred to
      in
      the foregoing clauses (b) and (c), to the extent that such conflict, breach,
      contravention or violation could not reasonably be expected to have a Material
      Adverse Effect.

     

    5.03  Governmental
      Authorization; Other Consents.
      No
      approval, consent, exemption, authorization, or other action by, or notice
      to,
      or filing with, any Governmental Authority or any other Person is necessary
      or
      required in connection with (a) the execution, delivery or performance by,
      or
      enforcement against, any Loan Party of this Agreement or any other Loan
      Document, Tender Offer Document or Material Contract, or for the consummation
      of
      the Transaction, (b) the grant by any Loan Party of the Liens granted by it
      pursuant to the Collateral Documents, (c) the perfection or maintenance of
      the Liens created under the Collateral Documents (including the first priority
      nature thereof) or (d) the exercise by the Administrative Agent or any
      Lender of its rights under the Loan Documents or the remedies in respect of
      the
      Collateral pursuant to the Collateral Documents, except for (i) filings and
      recordings necessary to perfect Liens created under the Collateral Documents,
      (ii) with respect to clause (d) above, any approvals, authorizations or filings
      that may be required under the Securities Laws and (iii) such authorizations,
      approvals, actions, notices and filings that 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 Governmental 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.

     

    5.04  Binding
      Effect.
      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 party thereto.
      This Agreement constitutes, and each other Loan Document when so delivered
      will
      constitute, a legal, valid and binding obligation of each Loan Party that is
      party thereto, enforceable against such Loan Party that is party thereto in
      accordance with its terms, except as enforceability may be limited by applicable
      Debtor Relief Laws and by equitable principles regardless of whether considered
      in a proceeding in equity or at law.

    
       

      
        
          
            
            

          

          
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    5.05  Financial
      Statements; No Material Adverse Effect; No Internal Control
      Event.
      

     

    (a)  The
      Audited Financial Statements (i) were prepared in accordance with GAAP
      consistently applied throughout the period covered thereby, except as otherwise
      expressly noted therein; (ii) fairly present the financial condition of Holdings
      and its Subsidiaries as of the date thereof and their results of operations
      for
      the period covered thereby in accordance with GAAP consistently applied
      throughout the period covered thereby, except as otherwise expressly noted
      therein; and (iii) show all material indebtedness and other liabilities, direct
      or contingent, of Holdings and its Subsidiaries as of the date thereof,
      including liabilities for taxes, material commitments and
      Indebtedness.

     

    (b)  The
      unaudited consolidated balance sheet of Holdings and its Subsidiaries as at
      March 31, 2006, and the related consolidated statements of income or operations,
      and cash flows for the fiscal quarter ended on that date (i) were prepared
      in
      accordance with GAAP consistently applied throughout the period covered thereby,
      except as otherwise expressly noted therein, and (ii) fairly present the
      financial condition of Holdings and its Subsidiaries as of the date thereof
      and
      their results of operations for the period covered thereby, subject, in the
      case
      of clauses (i) and (ii), to the absence of footnotes and to normal year-end
      audit adjustments.

     

    (c)  Since
      the
      date of the Audited Financial Statements, except as disclosed in Holdings’
public filings with the SEC made prior to the Closing Date, there has been
      no
      event or circumstance, either individually or in the aggregate, that has had
      or
      could reasonably be expected to have a Material Adverse Effect. 

     

    (d)  To
      the
      best knowledge of Holdings and the Borrower, no Internal Control Event exists
      or
      has occurred since the date of the Audited Financial Statements that has
      resulted in or could reasonably be expected to result in a misstatement in
      any
      material respect, in any financial information delivered or to be delivered
      to
      the Administrative Agent or the Lenders, of (i) covenant compliance calculations
      provided hereunder or (ii) the assets, liabilities, financial condition or
      results of operations of Holdings and its Subsidiaries on a consolidated
      basis.

     

    (e)  The
      consolidated forecasted balance sheets, statements of income and cash flows
      of
      Holdings and its Subsidiaries delivered pursuant to Section 4.01
      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.

     

    5.06  Litigation.
      There
      are no actions, suits, proceedings, investigations, claims or disputes pending
      or, to the knowledge of Holdings or the Borrower after due and diligent
      investigation, threatened or contemplated, at law, in equity, in arbitration
      or
      before any Governmental Authority, by or against the Borrower, Holdings or
      any
      of its other Subsidiaries or against any of their properties or revenues that
      (a) purport to affect or pertain to this Agreement, any other Loan Document,
      any
      Related Document or the consummation of the Transaction, or (b) except as
      specifically disclosed in Schedule
      5.06
      (the
“Disclosed
      Litigation”),
      either individually or in the aggregate, could reasonably be expected to have
      a
      Material Adverse Effect, and there has been no material adverse change in the
      status, or financial effect on any Loan Party or any Subsidiary thereof, of
      the
      matters described in Schedule
      5.06.

    
       

      
        
          
            
            

          

          
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    5.07  No
      Default.
      Neither
      any Loan Party nor any Subsidiary thereof is in default under or with respect
      to, or a party to, any Contractual Obligation that could, either individually
      or
      in the aggregate, reasonably be expected to have a Material Adverse Effect.
      No
      Default has occurred and is continuing or would result from the consummation
      of
      the transactions contemplated by this Agreement or any other Loan
      Document.

     

    5.08  Ownership
      of Property; Liens; Investments.
      

     

    (a)  Each
      Loan
      Party and each of its Subsidiaries has good record and marketable title in
      fee
      simple to, or valid leasehold interests in, all real property necessary or
      used
      in the ordinary conduct of its business, except for such defects in title as
      could not, individually or in the aggregate, reasonably be expected to have
      a
      Material Adverse Effect. 

     

    (b)  Schedule 5.08(b)
      sets
      forth a complete and accurate list as of the date hereof of all Liens (except
      Liens securing the Obligations) on the property or assets of each Loan Party
      and
      each 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. The property
      of
      each Loan Party and each of its Subsidiaries is subject to no Liens, other
      than
      Liens set forth on Schedule 5.08(b),
      and as
      otherwise permitted by Section
      7.01.

     

    (c)  Schedule 5.08(c)
      sets
      forth a complete and accurate list as of the date hereof of all real property
      owned by each Loan Party and each of its Subsidiaries, showing as of the date
      hereof the street address, county or other relevant jurisdiction, state, record
      owner and book and fair value thereof. Each Loan Party and each of its
      Subsidiaries has good, marketable and insurable fee simple title to the real
      property owned by such Loan Party or such Subsidiary, free and clear of all
      Liens, other than Liens created or permitted by the Loan Documents.

     

    (d)   Schedules 5.08(d)(i)
      and (ii)
      sets
      forth as of the date hereof a complete and accurate list of all leases of real
      property under which any Loan Party or any Subsidiary of a Loan Party is the
      lessee or the lessor, respectively, showing as of the date hereof the street
      address, county or other relevant jurisdiction, state, lessor, lessee,
      expiration date and annual rental cost thereof. Each such lease is the legal,
      valid and binding obligation of such Loan Party or Subsidiary party thereto,
      enforceable against such Loan Party or Subsidiary in accordance with its terms,
      except as enforceability may be limited by applicable Debtor Relief Laws and
      by
      equitable principles regardless of whether considered in a proceeding in equity
      or at law.

     

    (e)  Schedule 5.08(e)
      sets
      forth a complete and accurate list of all Investments held by any Loan Party
      or
      any Subsidiary of a Loan Party on the date hereof (other than Investments in
      Subsidiaries), showing as of the date hereof the amount, obligor or issuer
      and
      maturity, if any, thereof.

     

    5.09  Environmental
      Compliance.
      

     

    (a)  The
      Loan
      Parties and their respective Subsidiaries conduct in the ordinary course of
      business a review of the effect of existing Environmental Laws and claims
      alleging potential liability or responsibility for violation of any
      Environmental Law on their respective businesses, operations and properties,
      and
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    concluded
      that, except as specifically disclosed in Schedule
      5.09,
      such
      Environmental Laws and claims could not, individually or in the aggregate,
      reasonably be expected to have a Material Adverse Effect.

     

    (b)  Except
      as
      otherwise set forth in Schedule 5.09,
      (i)
      none of the material properties currently or, to the best knowledge of Holdings
      and the Borrower, 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 is adjacent to any such property;
      (ii) there are no and never have been any underground or above-ground 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 to the best of the
      knowledge of the Loan Parties, on any property formerly owned or operated by
      any
      Loan Party or any of its Subsidiaries, in each case except in compliance with
      all applicable Environmental Laws; (iii) 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 each case except in compliance with
      all applicable Environmental Laws, and (iv) Hazardous Materials have not been
      released, discharged or disposed of on any property currently or formerly owned
      or operated by any Loan Party or any of its Subsidiaries in violation of any
      Environmental Laws.

     

    (c)  Except
      as
      otherwise set forth on Schedule 5.09,
      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 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
      Holdings and the Borrower, 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 material liability to any Loan Party or any of its
      Subsidiaries.

     

    5.10  Insurance.
      The
      properties of the Borrower, Holdings and its other Subsidiaries are insured
      with
      financially sound and reputable insurance companies having an A.M. Best Rating
      of at least A which are not Affiliates of the Borrower, in such amounts, with
      such deductibles and covering such risks as are customarily carried by companies
      engaged in similar businesses and owning similar properties in localities where
      the Borrower or the applicable Subsidiary operates.

     

    5.11  Taxes.
      The
      Borrower, Holdings and its other Subsidiaries have filed all Federal, state
      and
      other material tax returns and reports required to be filed, and have paid
      all
      Federal, state and other material taxes, assessments, fees and other
      governmental charges levied or imposed upon them or their properties, income
      or
      assets otherwise due and payable, except those which are being contested in
      good
      faith by appropriate proceedings diligently conducted and for which adequate
      reserves have been established in accordance with GAAP. To the best knowledge
      of
      Holdings and the Borrower, there is no proposed tax assessment against the
      Borrower, Holdings or any other Subsidiary that would, if made, have a Material
      Adverse Effect. Neither any Loan Party nor any Subsidiary thereof is party
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    Borrower,
      Holdings and its other Subsidiaries had, as of December 31, 2005, net operating
      loss carryforwards for U.S. Federal income tax purposes equal in the aggregate
      to at least $140,000,000.

     

    5.12  ERISA
      Compliance.
      

     

    (a)  Compliance
      Generally.
      Each
      Plan is in compliance in all material respects with the applicable provisions
      of
      ERISA, the Code and other Federal or state Laws. Each Plan that is intended
      to
      qualify under Section 401(a) of the Code has received a favorable determination
      letter from the IRS (or is a prototype plan that is the subject of a favorable
      opinion letter from the IRS) or an application for such a letter is currently
      being processed by the IRS with respect thereto and, to the best knowledge
      of
      the Borrower, nothing has occurred which would prevent, or cause the loss of,
      such qualification. The Borrower and each ERISA Affiliate have made all required
      contributions to each Pension Plan, and no application for a funding waiver
      or
      an extension of any amortization period pursuant to Section 412 of the Code
      has
      been made with respect to any Pension Plan.

     

    (b)  Pending
      Claims.
      There
      are no pending or, to the best knowledge of the Borrower, threatened claims,
      actions or lawsuits, or action by any Governmental Authority, with respect
      to
      any Plan that could reasonably be expected to have a Material Adverse Effect.
      There has been no prohibited transaction or violation of the fiduciary
      responsibility rules with respect to any Plan that has resulted or could
      reasonably be expected to result in a Material Adverse Effect.

     

    (c)  No
      ERISA or Unfunded Pension Liability.
      (i)
      No ERISA Event has occurred or is reasonably expected to occur that could
      reasonably be expected to have a Material Adverse Effect; (ii) no Pension Plan
      has
      any Unfunded Pension Liability
      that could reasonably be expected to result in a liability in an amount in
      excess of $20,000,000;
      and (iii) neither the Borrower nor any ERISA Affiliate has incurred, or
      reasonably expects to incur, any liability (A) under Title IV of ERISA with
      respect to any Pension Plan (other than premiums due and not delinquent under
      Section 4007 of ERISA), (B) under Section 4201 or 4243 of ERISA with respect
      to
      a Multiemployer Plan (and no event has occurred which, with the giving of notice
      under Section 4219 of ERISA, would result in such liability), or (C) as a result
      of a transaction that could be subject to Section 4069 or 4212(c) of ERISA,
      which liability described in the foregoing clauses (A) through (C), individually
      or in the aggregate, could reasonably be expected to exceed
      $20,000,000.

     

    5.13  Subsidiaries;
      Equity Interests; Loan Parties.
      As of
      the Closing Date, no
      Loan
      Party has any Subsidiaries other than those specifically disclosed in Part
      (a)
      of Schedule
      5.13,
      and all
      of the outstanding Equity Interests in such Subsidiaries have been validly
      issued, are fully paid and non-assessable and are owned directly or indirectly
      by a Loan Party in the amounts specified in Part (a) of Schedule 5.13
      free and
      clear of all Liens except those created under the Collateral Documents. As
      of
      the Closing Date, no Loan Party has any equity investments in any other
      corporation or entity other than such Subsidiaries and those specifically
      disclosed in Part (b) of Schedule
      5.13.
      All of
      the outstanding Equity Interests in the Borrower have been validly issued,
      are
      fully paid and non-assessable and are owned by Holdings free and clear of all
      Liens except those created under the Collateral Documents. Set forth in Part
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    Schedule
      5.13
      is a
      complete and accurate list of Holdings and all Loan Parties, showing as of
      the
      Closing Date the jurisdiction of its incorporation, the address of its principal
      place of business and its U.S. taxpayer identification number or, in the case
      of
      any non-U.S. Loan Party that does not have a U.S. taxpayer identification
      number, its unique identification number issued to it by the jurisdiction of
      its
      incorporation. The copy of the charter of each Loan Party and each amendment
      thereto provided pursuant to Section
      4.01(a)
      is a
      true and correct copy of each such document, each of which is valid and in
      full
      force and effect as of the Closing Date.

     

    5.14  Margin
      Regulations; Investment Company Act.
      

     

    (a)  Margin
      Stock.
      The
      Borrower is not engaged and will not engage, principally or as one of its
      important activities, in the business of purchasing or carrying margin stock
      (within the meaning of Regulation U issued by the FRB), or extending credit
      for
      the purpose of purchasing or carrying margin stock. 

     

    (b)  Investment
      Company Act.
      None of
      the Borrower, any Person Controlling the Borrower, or any Subsidiary is or
      is
      required to be registered as an “investment company” under the Investment
      Company Act of 1940. 

     

    5.15  Disclosure.
      The
      Borrower has disclosed to the Administrative Agent and the Lenders all
      agreements, instruments and corporate or other restrictions to which it or
      any
      of its Subsidiaries or any other Loan Party is subject, and all other matters
      known to it, that, individually or in the aggregate, could reasonably be
      expected to result in a Material Adverse Effect. No report, financial statement,
      certificate or other information furnished (whether in writing or orally) by
      or
      on behalf of any Loan Party to the Administrative Agent or any Lender in
      connection with the transactions contemplated hereby and the negotiation of
      this
      Agreement or delivered hereunder or under any other Loan Document (in each
      case
      as modified or supplemented by other information so furnished), taken as a
      whole, contains any material misstatement of fact or omits to state any material
      fact necessary to make the statements therein, in the light of the circumstances
      under which they were made, not materially misleading; provided
      that,
      with respect to projected financial information, each of Holdings and the
      Borrower represents only that such information was prepared in good faith based
      upon assumptions believed to be reasonable at the time.

     

    5.16  Compliance
      with Laws.
      Each
      Loan Party and each Subsidiary thereof is in compliance in all material respects
      with the requirements of all Laws and all orders, writs, injunctions and decrees
      applicable to it or to its properties, except in such instances in which (a)
      such requirement of Law or order, writ, injunction or decree is being contested
      in good faith by appropriate proceedings diligently conducted or (b) the failure
      to comply therewith, either individually or in the aggregate, could not
      reasonably be expected to have a Material Adverse Effect.

     

    5.17  Intellectual
      Property; Licenses, Etc.
      Each
      Loan Party and each of 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
      are reasonably necessary for the operation of their respective businesses,
      without conflict with the rights of any other Person, and Schedule
      5.17
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    complete
      and accurate list of all such IP Rights owned or licensed by each Loan Party
      and
      each of ts Subsidiaries as of the date hereof. To the best knowledge of the
      Borrower and Holdings, 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 of its Subsidiaries infringes upon any
      rights held by any other Person. Except as specifically disclosed in
Schedule
      5.17,
      no
      claim or litigation regarding any of the foregoing is pending or, to the best
      knowledge of the Borrower and Holdings, threatened, which, either individually
      or in the aggregate, could reasonably be expected to have
      a
      Material Adverse Effect.

     

    5.18  Solvency.
      Each
      Loan Party is, individually and together with its Subsidiaries on a consolidated
      basis, Solvent.

     

    5.19  Casualty,
      Etc.
      Neither
      the businesses nor the properties of any Loan Party or any of its Subsidiaries
      are affected by any fire, explosion, accident, strike, lockout or other labor
      dispute, drought, storm, hail, earthquake, embargo, act of God or of the public
      enemy or other casualty (whether or not covered by insurance) that, either
      individually or in the aggregate, could reasonably be expected to have a
      Material Adverse Effect.

     

    5.20  Labor
      Matters.  Except
      as
      described on Schedule
      5.20
      hereto,
      there are no collective bargaining agreements or Multiemployer Plans covering
      the employees of the Borrower or any of its Subsidiaries as of the Closing
      Date
      and to the best knowledge of any Responsible Officer of the Borrower and
      Holdings, neither the Borrower nor any Subsidiary has suffered any strikes,
      walkouts, work stoppages or other material labor difficulty within the last
      five
      years.

     

    5.21  Collateral
      Documents.
      The
      provisions of the Collateral Documents are effective to create in favor of
      the
      Administrative Agent for the benefit of the Secured Parties a legal, valid
      and
      enforceable first priority Lien (subject to Liens permitted by Section
      7.01)
      on all
      right, title and interest of the respective Loan Parties in the Collateral
      described therein. Except for filings and recordings completed prior to the
      Closing Date and as contemplated hereby and by the Collateral Documents, no
      filing or other action will be necessary to perfect or protect such
      Liens.

     

    ARTICLE
      VI  

    AFFIRMATIVE
      COVENANTS

     

    So
      long
      as any Lender shall have any Commitment hereunder, any Loan or other Obligation
      hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall
      remain outstanding, each of Holdings and the Borrower shall, and shall (except
      in the case of the covenants set forth in Sections
      6.01,
      6.02,
      6.03
      and
6.11)
      cause
      each Subsidiary to:

     

    6.01  Financial
      Statements.
      Deliver
      to the Administrative Agent and each Lender, in form and detail reasonably
      satisfactory to the Administrative Agent and the Required Lenders (provided
      that
      the Required Lenders shall be deemed to find the following items satisfactory
      unless the Administrative Agent shall have received notice from the Required
      Lenders specifying their objections thereto within five Business Days of the
      Lenders’ receipt of such items):

    
       

      
        
          
            
            

          

          
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    (a)  Annual
      Financials.
      As soon
      as available, but in any event within 110 days after the end of each fiscal
      year
      of Holdings, a consolidated balance sheet of Holdings and its Subsidiaries
      as at
      the end of such fiscal year, and the related consolidated statements of income
      or operations, shareholders’ equity and cash flows for such fiscal year, setting
      forth in each case in comparative form the figures for the previous fiscal
      year,
      all in reasonable detail and prepared in accordance with GAAP, audited and
      accompanied by (i) a report and opinion of a Registered Public Accounting Firm
      of nationally recognized standing reasonably acceptable to the Required Lenders,
      which report and opinion shall be prepared in accordance with generally accepted
      auditing standards and applicable Securities Laws and shall not be subject
      to
      any “going concern” or like qualification or exception or any qualification or
      exception as to the scope of such audit or with respect to the absence of any
      material misstatement and (ii) an opinion of such Registered Public Accounting
      Firm independently assessing Holdings’ internal controls over financial
      reporting in accordance with Item 308 of SEC Regulation S-K, PCAOB Auditing
      Standard No. 2, and Section 404 of Sarbanes-Oxley expressing a conclusion that
      contains no statement that there is a material weakness in such internal
      controls, except for such material weaknesses as to which the Required Lenders
      do not object;

     

    (b)  Quarterly
      Financials.
      As soon
      as available, but in any event within 45 days after the end of each of the
      first
      three fiscal quarters of each fiscal year of Holdings, a consolidated balance
      sheet of Holdings and its Subsidiaries as at the end of such fiscal quarter,
      and
      the related consolidated statements of income or operations and cash flows
      for
      such fiscal quarter and for the portion of Holdings’ fiscal year then ended,
      setting forth in each case in comparative form the figures for the corresponding
      fiscal quarter of the previous fiscal year and the corresponding portion of
      the
      previous fiscal year, all in reasonable detail, such consolidated statements
      to
      be certified by the chief executive officer, chief financial officer, treasurer
      or controller of Holdings as fairly presenting the financial condition, results
      of operations and cash flows of Holdings and its Subsidiaries in accordance
      with
      GAAP, subject only to normal year-end audit adjustments and the absence of
      footnotes; and

     

    As
      to any
      information contained in materials furnished pursuant to Section
      6.02(d),
      neither
      Holdings nor the Borrower shall be separately required to furnish such
      information under Section
      6.01(a)
      or
(b)
      above,
      but the foregoing shall not be in derogation of the obligation of Holdings
      and
      the Borrower to furnish the information and materials described in Sections
      6.01(a)
      and
(b)
      above at
      the times specified therein.

     

    6.02  Certificates;
      Other Information.
      Deliver
      to the Administrative Agent and each Lender, in form and detail reasonably
      satisfactory to the Administrative Agent and the Required Lenders (provided
      that
      the Required Lenders shall be deemed to find the following items satisfactory
      unless the Administrative Agent shall have received notice from the Required
      Lenders specifying their objections thereto within five Business Days of the
      Lenders’ receipt of such items):

     

    (a)  [Intentionally
      Omitted];

     

    (b)  Compliance
      Certificate.
      Concurrently with the delivery of the financial statements referred to in
Sections 6.01(a)
      and
(b),
      a duly
      completed Compliance Certificate signed by the chief executive officer, chief
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    Borrower,
      and in the event of any change in generally accepted accounting principles
      used
      in the preparation of such financial statements, the Borrower shall also
      provide, if necessary for the determination of compliance with Section
      7.11,
      a
      statement of reconciliation conforming such financial statements to
      GAAP;

     

    (c)  [Intentionally
      Omitted];

     

    (d)  SEC
      Filings.
      Promptly after the same are available, copies of each annual report, proxy
      or
      financial statement or other report or communication sent to the stockholders
      of
      the Borrower, and copies of all annual, regular, periodic and special reports
      and registration statements which the Borrower may file or be required to file
      with the SEC under Section 13 or 15(d) of the Securities Exchange Act of
      1934, or with any national securities exchange, and in any case not otherwise
      required to be delivered to the Administrative Agent pursuant hereto;

     

    (e)  Other
      Reports.
      Promptly after the furnishing thereof, copies of any statement or report
      furnished 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 and not otherwise required to be furnished to the Lenders pursuant
      to
Section
      6.01
      or any
      other clause of this Section 6.02;

     

    (f)  Insurance
      Coverage.
      As soon
      as available, but in any event within 30 days after the end of each fiscal
      year
      of the Borrower, 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 the Administrative Agent, or any
      Lender through the Administrative Agent, may reasonably specify;

     

    (g)  Investigations.
      Promptly, and in any event within ten Business Days after receipt thereof by
      any
      Loan Party or any Subsidiary thereof, copies of each notice or other
      correspondence received from the SEC (or comparable agency in any applicable
      non-U.S. jurisdiction) concerning any investigation or possible investigation
      or
      other inquiry by such agency regarding financial or other operational results
      of
      any Loan Party or any Subsidiary thereof;

     

    (h)  Related
      Document Notices.
      Not
      later than five Business Days after receipt thereof by any Loan Party or any
      Subsidiary thereof, copies of all notices, requests and other documents
      (including amendments, waivers and other modifications) so received under or
      pursuant to any Related Document regarding or related to any breach or default
      by any party thereto or any other event that could materially impair the value
      of the interests or the rights of any Loan Party or otherwise have a Material
      Adverse Effect and, from time to time upon request by the Administrative Agent,
      such information and reports regarding the Related Documents as the
      Administrative Agent may reasonably request;

     

    (i)  Environmental
      Notices.
      Promptly after the assertion or occurrence thereof, notice of any action or
      proceeding against any Loan Party or any of its Subsidiaries, arising under,
      or
      of any noncompliance by any Loan Party or any of its Subsidiaries with any
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    Material
      Adverse Effect or (ii) cause any property described in the Mortgages to be
      subject to any restrictions on ownership, occupancy, use or transferability
      under any Environmental Law;

     

    (j)  Schedule
      Supplements.
      As soon
      as available, but in any event within 45 days after the end of each fiscal
      year
      of the Borrower, (i) a report supplementing Schedules 5.08(c),
      5.08(d)(i)
      and
5.08(d)(ii),
      including an identification of all owned and leased real property disposed
      of by
      any Loan Party or any Subsidiary thereof during such fiscal year, a list and
      description (including the street address, county or other relevant
      jurisdiction, state, record owner, book value thereof and, in the case of leases
      of property, lessor, lessee, expiration date and annual rental cost thereof)
      of
      all real property acquired or leased during such fiscal year and a description
      of such other changes in the information included in such schedules as may
      be
      necessary for such schedules to be accurate and complete; (ii) a report
      supplementing Schedule
      5.17,
      setting
      forth (A) a list of registration numbers for all patents, trademarks, service
      marks, trade names and copyrights awarded to any Loan Party or any Subsidiary
      thereof during such fiscal year and (B) a list of all patent applications,
      trademark applications, service mark applications, trade name applications
      and
      copyright applications submitted by any Loan Party or any Subsidiary thereof
      during such fiscal year and the status of each such application; and (iii)
      a
      report supplementing Schedules
      5.08(e)
      and
5.13
      and each
      schedule to the Security Agreement containing a description of all changes
      in
      the information included in such schedules as may be necessary for such
      schedules to be accurate and complete, each such report to be signed by a
      Responsible Officer of the Borrower and to be in a form reasonably satisfactory
      to the Administrative Agent;

     

    (k)  Additional
      Information.
      Promptly, such additional information regarding the business, financial, legal
      or corporate affairs of any Loan Party or any Subsidiary thereof, or compliance
      with the terms of the Loan Documents, as the Administrative Agent or any Lender
      may from time to time reasonably request.

     

    Documents
      required to be delivered pursuant to Section
      6.01(a)
      or
(b)
      or
Section 6.02(d)
      (to the
      extent any such documents are included in materials otherwise filed with the
      SEC) may be delivered electronically and if so delivered, shall be deemed to
      have been delivered on the date (i) on which the Borrower posts such documents,
      or provides a link thereto on the Borrower’s website on the Internet at the
      website address listed on Schedule
      11.02;
      or (ii)
      on which such documents are posted on the Borrower’s behalf on an Internet or
      intranet website, if any, to which each Lender and the Administrative Agent
      have
      access (whether a commercial, third-party website or whether sponsored by the
      Administrative Agent); provided
      that:
      (i) the Borrower shall deliver paper copies of such documents to the
      Administrative Agent or any Lender that requests the Borrower to deliver such
      paper copies until a written request to cease delivering paper copies is given
      by the Administrative Agent or such Lender and (ii) the Borrower shall notify
      the Administrative Agent and each Lender (by telecopier or electronic mail)
      of
      the posting of any such documents and provide to the Administrative Agent by
      electronic mail electronic versions (i.e.,
      soft
      copies) of such documents. Notwithstanding anything contained herein, in every
      instance the Borrower shall be required to provide paper copies of the
      Compliance Certificates required by Section
      6.02(b)
      to the
      Administrative Agent. Except for such Compliance Certificates, the
      Administrative Agent shall have no obligation to request the delivery or to
      maintain copies of the documents referred to above, and in any event shall
      have
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    delivery,
      and each Lender shall be solely responsible for requesting delivery to it or
      maintaining its copies of such documents.

     

    The
      Borrower hereby acknowledges that (a) the Administrative Agent and/or the Lead
      Arrangers will make available to the Lenders and the L/C Issuer materials and/or
      information provided by or on behalf of the Borrower hereunder (collectively,
      “Borrower
      Materials”)
      by
      posting the Borrower Materials on IntraLinks or another similar electronic
      system (the “Platform”)
      and
      (b) certain of the Lenders may be “public-side” Lenders (i.e.,
      Lenders
      that do not wish to receive material non-public information with respect to
      the
      Borrower or its securities) (each, a “Public
      Lender”).
      The
      Borrower hereby agrees that it will use commercially reasonable efforts to
      identify that portion of the Borrower Materials that may be distributed to
      the
      Public Lenders and that (w) all such Borrower Materials shall be clearly and
      conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking
      Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the
      Administrative Agent, the Lead Arrangers, the L/C Issuer and the Lenders to
      treat such Borrower Materials as not containing any material non-public
      information (although it may be sensitive and proprietary) with respect to
      the
      Borrower or its securities for purposes of United States Federal and state
      securities laws (provided,
      however,
      that to
      the extent such Borrower Materials constitute Information, they shall be treated
      as set forth in Section
      11.07);
      (y)
      all Borrower Materials marked “PUBLIC” are permitted to be made available
      through a portion of the Platform designated “Public Investor;” and (z) the
      Administrative Agent and the Lead Arrangers shall be entitled to treat any
      Borrower Materials that are not marked “PUBLIC” as being suitable only for
      posting on a portion of the Platform not designated “Public Investor.”
Notwithstanding the foregoing, the Borrower shall be under no obligation to
      mark
      any Borrower Materials “PUBLIC”.

     

    6.03  Notices.
      Promptly notify the Administrative Agent and each Lender:

     

    (a)  of
      the
      occurrence of any Default;

     

    (b)  of
      any
      matter that has resulted or could reasonably be expected to result in a Material
      Adverse Effect, including (i) breach or non-performance of, or any default
      under, a Contractual Obligation of any Loan Party or any Subsidiary thereof;
      (ii) any dispute, litigation, investigation, proceeding or suspension between
      any Loan Party or any Subsidiary thereof and any Governmental Authority; or
      (iii) the commencement of, or any material development in, any litigation or
      proceeding affecting any Loan Party or any Subsidiary thereof, including
      pursuant to any applicable Environmental Laws, but only if any of the matters
      described in the foregoing clauses (i) through (iii) has resulted or reasonably
      could be expected to result in a Material Adverse Effect;

     

    (c)  after
      a Responsible Officer of the Borrower or Holdings knows or has reason to know
      of
      the occurrence of any ERISA Event that could reasonably be expected to result
      in
      liability of one or more Loan Parties in excess of $1,000,000;

     

    (d)  of
      any
      material change in accounting policies or financial reporting practices by
      any
      Loan Party or any Subsidiary thereof;

    
       

      
        
          
            
            

          

          
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    (e)  of
      the
      determination by the Registered Public Accounting Firm providing the opinion
      required under Section
      6.01(a)(ii)
      (in
      connection with its preparation of such opinion) or the Borrower’s determination
      at any time of the occurrence or existence of any Internal Control Event;

     

    (f)  of
      the
      (i) occurrence of any Disposition of property or assets for which the Borrower
      is required to make a mandatory prepayment pursuant to Section 2.05(b)(iii),
      and
      (ii) incurrence or issuance of any Indebtedness for which the Borrower is
      required to make a mandatory prepayment pursuant to Section
      2.05(b)(v);
      and

     

    (g)  of
      any
      announcement by Moody’s or S&P of any change or possible change in a Debt
      Rating.

     

    Each
      notice pursuant to Section
      6.03
      (other
      than Section
      6.03(f)
      or
(g))
      shall
      be accompanied by a statement of a Responsible Officer of the Borrower setting
      forth details of the occurrence referred to therein and stating what action
      the
      Borrower has taken and proposes to take with respect thereto. Each notice
      pursuant to Section
      6.03(a)
      shall
      describe with particularity any and all provisions of this Agreement and any
      other Loan Document that have been breached.

     

    6.04  Payment
      of Obligations.
      Pay and
      discharge as the same shall become due and payable, all its obligations and
      liabilities, including (a) all tax liabilities, assessments and governmental
      charges or levies upon it or its properties or assets, unless the same are
      being
      contested in good faith by appropriate proceedings diligently conducted and
      adequate reserves in accordance with GAAP are being maintained by Holdings,
      the
      Borrower or such Subsidiary; (b) all lawful claims which, if unpaid, would
      by
      law become a Lien upon its property, unless the same are being contested in
      good
      faith by appropriate proceedings diligently conducted, adequate reserves in
      accordance with GAAP are being maintained by Holdings, the Borrower or such
      Subsidiary and such contest could not reasonably be expected to have a Material
      Adverse Effect; and (c) all Indebtedness, as and when due and payable, but
      subject to any subordination provisions contained in any instrument or agreement
      evidencing such Indebtedness.

     

    6.05  Preservation
      of Existence, Etc.
      (a)
      Preserve, renew and maintain in full force and effect its legal existence and
      good standing under the Laws of the jurisdiction of its organization except
      in a
      transaction permitted by Section
      7.04
      or
7.05;
      (b)
      take all reasonable action to maintain all rights, privileges, permits, licenses
      and franchises necessary or desirable in the normal conduct of its business,
      except to the extent that failure to do so could not reasonably be expected
      to
      have a Material Adverse Effect; and (c) preserve or renew all of its registered
      patents, trademarks, trade names and service marks, the non-preservation of
      which could reasonably be expected to have a Material Adverse
      Effect.

     

    6.06  Maintenance
      of Properties.
      (a)
      Maintain, preserve and protect all of its material properties and equipment
      necessary in the operation of its business in good working order and condition,
      ordinary wear and tear excepted; (b) make all necessary repairs thereto and
      renewals and replacements thereof except where the failure to do so could not
      reasonably be expected to have a Material Adverse Effect; and (c) use the
      standard of care typical in the industry in the operation and maintenance of
      its
      facilities.

    
       

      
        
          
            
            

          

          
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    6.07  Maintenance
      of Insurance.
      Maintain with financially sound and reputable insurance companies having an
      A.M.
      Best Rating of at least A which are not Affiliates of the Borrower, insurance
      with respect to its properties and business against interruption, loss or damage
      of the kinds customarily insured against by Persons engaged in the same or
      similar business, of such types and in such amounts as are customarily carried
      under similar circumstances by such other Persons and providing for not less
      than 30 days’ prior notice to the Administrative Agent of termination, lapse or
      cancellation of such insurance. The Loan Parties shall cause the Administrative
      Agent to be named on each policy evidencing such insurance as secured party
      or
      mortgage and loss payee and additional insured, as applicable, in a manner
      acceptable to the Administrative Agent.

     

    6.08  Compliance
      with Laws.
      Comply
      in all material respects with the requirements of all Laws and all orders,
      writs, injunctions and decrees applicable to it or to its business or property,
      except in such instances in which (a) such requirement of Law or order, writ,
      injunction or decree is being contested in good faith by appropriate proceedings
      diligently conducted or (b) the failure to comply therewith could not reasonably
      be expected to have a Material Adverse Effect. 

     

    6.09  Books
      and Records.
      Maintain proper books of record and account, in which full, true and correct
      entries in conformity with GAAP consistently applied shall be made of all
      financial transactions and matters involving the assets and business of the
      Borrower or such Subsidiary, as the case may be.

     

    6.10  Inspection
      Rights.
      Permit
      representatives and independent contractors of the Administrative Agent and
      each
      Lender to visit and inspect any of its properties, to examine its corporate,
      financial and operating records, and make copies thereof or abstracts therefrom,
      and to discuss its affairs, finances and accounts with its directors, officers,
      and independent public accountants, all at the expense of the Borrower and
      at
      such reasonable times during normal business hours and as often as may be
      reasonably desired, upon reasonable advance notice to the Borrower; provided,
      however,
      that so
      long as no Event of Default has occurred and is continuing, the Administrative
      Agent and Lenders shall conduct no more than one such inspection per fiscal
      year
      at Borrower’s expense; provided,
      further,
      that
      when an Event of Default exists the Administrative Agent or any Lender (or
      any
      of their respective representatives or independent contractors) may do any
      of
      the foregoing at the expense of the Borrower at any time and from time to time
      during normal business hours and without advance notice. Holdings and the
      Borrower agree that the Administrative Agent and its representatives may conduct
      an annual audit of the Collateral at the expense of the Borrower.

     

    6.11  Use
      of Proceeds.
      Use the
      proceeds of the Credit Extensions to consummate the Transactions and for general
      corporate purposes not in contravention of any Law or of any Loan
      Document.

     

    6.12  Covenant
      to Guarantee Obligations and Give Security.
      

     

    (a)  Upon
      the
      formation or acquisition of any new direct or indirect Subsidiary (other than
      any Subsidiary that is held directly or indirectly by a CFC) by any Loan Party,
      then the Borrower shall, at the Borrower’s expense:

    
       

      
        
          
            
            

          

          
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    (i)  within
      30 days after such formation or acquisition, cause 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 Administrative Agent a Joinder
      Agreement, pursuant to which such other Loan Party shall guaranty the other
      Loan
      Parties’ obligations under the Loan Documents and pledge a security interest in
      and to all of its assets in support of such guaranty in accordance with the
      terms and conditions of the Security Agreement,

     

    (ii)  within
      15
      days after such formation or acquisition, furnish to the Administrative Agent
      a
      description of the real and personal properties of such Subsidiary, in detail
      satisfactory to the Administrative Agent,

     

    (iii)  within
      30
      days after such formation or acquisition, cause such Subsidiary and each direct
      and indirect parent of such Subsidiary (if it has not already done so) to duly
      execute and deliver to the Administrative Agent deeds of trust, trust deeds,
      deeds to secure debt, mortgages (other than leasehold mortgages and leasehold
      deeds of trust), Security Agreement Supplements, IP Security Agreement
      Supplements and other security and pledge agreements, as specified by and in
      form and substance reasonably satisfactory to the Administrative Agent
      (including delivery of all Pledged Equity in and of such Subsidiary, and other
      instruments of the type specified in Section
      4.01(a)(iii)),
      securing payment of all the Obligations of such Subsidiary or such parent,
      as
      the case may be, under the Loan Documents and constituting Liens on all such
      real and personal properties,

     

    (iv)  within
      30
      days after such formation or acquisition, cause such Subsidiary and each direct
      and indirect parent of such Subsidiary (if it has not already done so) to take
      whatever action (including the recording of mortgages, the filing of Uniform
      Commercial Code financing statements, the giving of notices and the endorsement
      of notices on title documents) as may be necessary or advisable in the opinion
      of the Administrative Agent to vest in the Administrative Agent (or in any
      representative of the Administrative Agent designated by it) valid and
      subsisting Liens on the properties purported to be subject to the deeds of
      trust, trust deeds, deeds to secure debt, mortgages (other than leasehold
      mortgages and leasehold deeds of trust), Security Agreement Supplements, IP
      Security Agreement Supplements and security and pledge agreements delivered
      pursuant to this Section 6.12,
      enforceable against all third parties in accordance with their
      terms,

     

    (v)  within
      60
      days after such formation or acquisition, deliver to the Administrative Agent,
      upon the request of the Administrative Agent in its sole discretion, a signed
      copy of a favorable opinion, addressed to the Administrative Agent and the
      other
      Secured Parties, of counsel for the Loan Parties reasonably acceptable to the
      Administrative Agent (certain of which opinions, in the Administrative Agent’s
      discretion, may be given by in-house counsel) as to the matters contained in
      clauses (i), (iii) and (iv) above, and as to such other matters as the
      Administrative Agent may reasonably request, and

    
       

      
        
          
            
            

          

          
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    (vi)  as
      promptly as practicable after such formation or acquisition, deliver, upon
      the
      request of the Administrative Agent in its sole discretion, to the
      Administrative Agent with respect to each parcel of real property owned or
      held
      by the entity that is the subject of such formation or acquisition title
      reports, surveys and engineering, soils and other reports, and environmental
      assessment reports, each in scope, form and substance reasonably satisfactory
      to
      the Administrative Agent, provided,
      however,
      that to
      the extent that any Loan Party or any of its Subsidiaries shall have otherwise
      received any of the foregoing items with respect to such real property, such
      items shall, promptly after the receipt thereof, be delivered to the
      Administrative Agent.

     

    (b)  Upon
      the
      acquisition of any property by any Loan Party, if such property, in the judgment
      of the Administrative Agent, shall not already be subject to a perfected first
      priority security interest in favor of the Administrative Agent for the benefit
      of the Secured Parties, then the Borrower shall, at the Borrower’s
      expense:

     

    (i)  within
      15
      days after such acquisition, furnish to the Administrative Agent a description
      of the property so acquired in detail satisfactory to the Administrative
      Agent,

     

    (ii)  within
      30
      days after such acquisition, cause the applicable Loan Party to duly execute
      and
      deliver to the Administrative Agent deeds of trust, trust deeds, deeds to secure
      debt, mortgages (other than leasehold mortgages and leasehold deeds of trust),
      Security Agreement Supplements, IP Security Agreement Supplements and other
      security and pledge agreements, as specified by and in form and substance
      reasonably satisfactory to the Administrative Agent, securing payment of all
      the
      Obligations of the applicable Loan Party under the Loan Documents and
      constituting Liens on all such properties,

     

    (iii)  within
      30
      days after such acquisition, cause the applicable Loan Party to take whatever
      action (including the recording of mortgages, the filing of Uniform Commercial
      Code financing statements, the giving of notices and the endorsement of notices
      on title documents) as may be necessary or advisable in the opinion of the
      Administrative Agent to vest in the Administrative Agent (or in any
      representative of the Administrative Agent designated by it) valid and
      subsisting Liens on such property, enforceable against all third
      parties,

     

    (iv)  within
      60
      days after such acquisition, deliver to the Administrative Agent, upon the
      request of the Administrative Agent in its sole discretion, a signed copy of
      a
      favorable opinion, addressed to the Administrative Agent and the other Secured
      Parties, of counsel for the Loan Parties reasonably acceptable to the
      Administrative Agent (certain of which opinions, in the Administrative Agent’s
      discretion, may be given by in-house counsel) as to the matters contained in
      clauses (ii) and (iii) above and as to such other matters as the
      Administrative Agent may reasonably request, and

     

    (v)  as
      promptly as practicable after any acquisition of any material real property,
      deliver, upon the request of the Administrative Agent in its sole discretion,
      to
      the Administrative Agent with respect to such real property title reports,
      surveys and engineering, soils and other reports, and environmental assessment
      reports, each in scope, 

     

    

    
      
        
          
          

        

        
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    form
      and
      substance reasonably satisfactory to the Administrative Agent, provided,
      however,
      that to
      the extent that any Loan Party or any of its Subsidiaries shall have otherwise
      received any of the foregoing items with respect to such real property, such
      items shall, promptly after the receipt thereof, be delivered to the
      Administrative Agent.

     

    (c)  Upon
      the
      request of the Administrative Agent following the occurrence and during the
      continuance of a Default, the Borrower shall, at the Borrower’s
      expense:

     

    (i)  within
      10
      days after such request, furnish to the Administrative Agent a description
      of
      the real and personal properties of the Loan Parties and their respective
      Subsidiaries in detail reasonably satisfactory to the Administrative
      Agent,

     

    (ii)  within
      15
      days after such request, duly execute and deliver, and cause each Domestic
      Subsidiary (other than any Subsidiary that is held directly or indirectly by
      a
      CFC) of the Borrower (if it has not already done so) to duly execute and
      deliver, to the Administrative Agent deeds of trust, trust deeds, deeds to
      secure debt, mortgages (other than leasehold mortgages and leasehold deeds
      of
      trust), Security Agreement Supplements, IP Security Agreement Supplements and
      other security and pledge agreements, as specified by and in form and substance
      reasonably satisfactory to the Administrative Agent (including delivery of
      all
      Pledged Equity and Pledged Debt in and of such Subsidiary, and other instruments
      of the type specified in Section
      4.01(a)(iii)),
      securing payment of all the Obligations of such Subsidiary under the Loan
      Documents and constituting Liens on all such properties,

     

    (iii)  within
      30
      days after such request, take, and cause each Domestic Subsidiary (other than
      any Subsidiary that is held directly or indirectly by a CFC) of the Borrower
      to
      take, whatever action (including the recording of mortgages, the filing of
      Uniform Commercial Code financing statements, the giving of notices and the
      endorsement of notices on title documents) as may be necessary or advisable
      in
      the opinion of the Administrative Agent to vest in the Administrative Agent
      (or
      in any representative of the Administrative Agent designated by it) valid and
      subsisting Liens on the properties purported to be subject to the deeds of
      trust, trust deeds, deeds to secure debt, mortgages (other than leasehold
      mortgages and leasehold deeds of trust), Security Agreement Supplements, IP
      Security Agreement Supplements and security and pledge agreements delivered
      pursuant to this Section 6.12,
      enforceable against all third parties in accordance with their
      terms,

     

    (iv)  within
      60
      days after such request, deliver to the Administrative Agent, upon the request
      of the Administrative Agent in its sole discretion, a signed copy of a favorable
      opinion, addressed to the Administrative Agent and the other Secured Parties,
      of
      counsel for the Loan Parties reasonably acceptable to the Administrative Agent
      (certain of which opinions, in the discretion of the Administrative Agent,
      may
      be given by in-house counsel) as to the matters contained in clauses (ii)
      and (iii) above, and as to such other matters as the Administrative Agent may
      reasonably request, and

     

    (v)  as
      promptly as practicable after such request, deliver, upon the request of the
      Administrative Agent in its sole discretion, to the Administrative Agent with
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    to
      each
      parcel of real property owned or held by the Borrower and its Subsidiaries,
      title reports, surveys and engineering, soils and other reports, and
      environmental assessment reports, each in scope, form and substance reasonably
      satisfactory to the Administrative Agent, provided,
      however,
      that to
      the extent that any Loan Party or any of its Subsidiaries shall have otherwise
      received any of the foregoing items with respect to such real property, such
      items shall, promptly after the receipt thereof, be delivered to the
      Administrative Agent.

     

    (d)  At
      any
      time upon request of the Administrative Agent, promptly execute and deliver
      any
      and all further instruments and documents and take all such other action as
      the
      Administrative Agent may deem necessary or desirable in obtaining the full
      benefits of, or (as applicable) in perfecting and preserving the Liens of,
      such
      guaranties, deeds of trust, trust deeds, deeds to secure debt, mortgages (other
      than leasehold mortgages and leasehold deeds of trust), Security Agreement
      Supplements, IP Security Agreement Supplements and other security and pledge
      agreements.

     

    6.13  Compliance
      with Environmental Laws.
      Comply,
      and use commercially reasonable efforts to cause 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
      all Environmental Permits necessary for its operations and properties; and
      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
      neither Holdings 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
      in accordance with GAAP.

     

    6.14  Preparation
      of Environmental Reports.
      At the
      request of the Required Lenders from time to time upon the occurrence of any
      release of Hazardous Materials or other event governed by Environmental Law
      that
      could reasonably be expected to materially impair the interests of the Secured
      Parties in any material property of the Loan Parties, provide to the Lenders
      within 90 days after such request, at the expense of the Borrower, an
      environmental site assessment report for any of such properties, 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 described in such request to
      grant at the time of such request to the Administrative Agent, the Lenders,
      such
      firm and any agents or representatives thereof an irrevocable non-exclusive
      license, subject to the rights of tenants, to enter onto their respective
      properties to undertake such an assessment.

    
       

      
        
          
            
            

          

          
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    6.15  Further
      Assurances.
      Promptly upon request by the Administrative Agent, or any Lender through the
      Administrative Agent, (a) correct any material defect or error that may be
      discovered in any Loan Document or in the execution, acknowledgment, filing
      or
      recordation thereof, (b) do, execute, acknowledge, deliver, record, re-record,
      file, re-file, register and re-register any and all such further acts, deeds,
      certificates, assurances and other instruments as the Administrative Agent,
      or
      any Lender through the Administrative Agent, may reasonably require from time
      to
      time in order to (i) carry out more effectively the purposes of the Loan
      Documents, (ii) to the fullest extent permitted by applicable law, subject
      any
      Loan Party’s or any of its Domestic Subsidiaries’ properties, assets, rights or
      interests to the Liens now or hereafter intended to be covered by any of the
      Collateral Documents, (iii) 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 (iv) 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, and cause each of its Domestic Subsidiaries to do so, and (c) if an
      Event
      of Default has occurred and is continuing, deliver to the Administrative Agent
      such surveys, appraisals, environmental assessments, title insurance updates
      or
      policies and other related documents with respect to each parcel of real estate
      subject to a Mortgage.

     

    6.16  Compliance
      with Terms of Leaseholds.
      Make
      all payments and otherwise perform all obligations in respect of all leases
      of
      real property to which the Borrower or any of its 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, 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, could
      not
      be reasonably likely to have a Material Adverse Effect.

     

    6.17  Interest
      Rate Hedging.
      Cause
      at least 50% of the aggregate outstanding Indebtedness for borrowed money of
      the
      Borrower to be subject to fixed rates of interest and/or interest rate Swap
      Contracts with any Lender or other Persons acceptable to the Administrative
      Agent.
      To the
      extent that this covenant is satisfied by entering into Swap Contracts, the
      Borrower will promptly deliver evidence of the execution and delivery of such
      agreements to the Administrative Agent.

     

    6.18  Material
      Contracts.
      Perform
      and observe all the terms and provisions of each Material Contract to be
      performed or observed by it, 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 any 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, could not reasonably be expected to
      have a Material Adverse Effect.

    
       

      
        
          
            
            

          

          
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    6.19  Designation
      as Senior Debt.
      Designate all Obligations as “Designated Senior Debt” under, and as defined in,
      the Subordinated Notes Documents and all supplemental indentures
      thereto.

     

    6.20  Cash
      Collateral Accounts.
      Maintain,
      and cause each of the other Loan Parties to maintain, all Cash Collateral
      Accounts with Bank of America or another commercial bank located in the United
      States, which has accepted the assignment of such accounts to the Administrative
      Agent for the benefit of the Secured Parties pursuant to the terms of the
      Security Agreement.

     

    ARTICLE
      VII  

    NEGATIVE
      COVENANTS

     

    So
      long
      as any Lender shall have any Commitment hereunder, any Loan or other Obligation
      hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall
      remain outstanding, Holdings and the Borrower shall not, nor shall it permit
      any
      Subsidiary to, directly or indirectly:

     

    7.01  Liens.
      Create,
      incur, assume or suffer to exist any Lien upon any of its property, assets
      or
      revenues, whether now owned or hereafter acquired, or sign or file or suffer
      to
      exist under the Uniform Commercial Code of any jurisdiction a financing
      statement that names the Borrower, Holdings or any of its other Subsidiaries
      as
      debtor, or assign any accounts or other right to receive income, other than
      the
      following (including any financing statements filed in connection with any
      of
      the following): 

     

    (a)  Liens
      pursuant to any Loan Document;

     

    (b)  Liens
      existing on the date hereof and listed on Schedule
      5.08(b)
      and any
      renewals or extensions thereof, provided
      that (i)
      the property covered thereby is not changed, (ii) the amount secured or
      benefited thereby is not increased except as contemplated by Section
      7.02(d)
      or
Section
      7.15(d),
      as
      applicable, (iii) the direct or any contingent obligor with respect thereto
      is
      not changed, and (iv) any renewal or extension of the obligations secured or
      benefited thereby is permitted by Section
      7.02(d)
      or
Section
      7.15(d);

     

    (c)  Liens
      for
      taxes not yet due or which are being contested in good faith and by appropriate
      proceedings diligently conducted, if adequate reserves with respect thereto
      are
      maintained on the books of the applicable Person in accordance with
      GAAP;

     

    (d)  carriers’,
      warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens
      arising in the ordinary course of business which are not overdue for a period
      of
      more than 30 days or which are being contested in good faith and by appropriate
      proceedings diligently conducted, if adequate reserves with respect thereto
      are
      maintained on the books of the applicable Person in accordance with
      GAAP;

     

    (e)  pledges
      or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation,
      other than any Lien imposed by ERISA;

    
       

      
        
          
            
            

          

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

     

    (g)  easements,
      rights-of-way, restrictions and other similar encumbrances affecting real
      property which, in the aggregate, are not substantial in amount, and which
      do
      not in any case materially detract from the value of the property subject
      thereto or materially interfere with the ordinary conduct of the business of
      the
      applicable Person;

     

    (h)  Liens
      securing judgments for the payment of money not constituting an Event of Default
      under Section
      8.01(h);

     

    (i)  Liens
      securing Indebtedness permitted under Section
      7.02(f);
      provided
      that (i)
      such Liens do not at any time encumber any property other than the property
      financed by such Indebtedness and (ii) the Indebtedness secured thereby does
      not
      exceed the cost or fair market value, whichever is lower, of the property being
      acquired on the date of acquisition; 

     

    (j)  Liens
      on
      property of a Person existing at the time such Person is merged into or
      consolidated with the Borrower or any Subsidiary of the Borrower or becomes
      a
      Subsidiary of the Borrower; provided
      that
      such
      Liens were not created in contemplation of such merger, consolidation or
      Investment and do not extend to any assets other than those of the Person merged
      into or consolidated with the Borrower or such Subsidiary or acquired by the
      Borrower or such Subsidiary, and the applicable Indebtedness secured by such
      Lien is permitted under Section
      7.02(g);

     

    (k)  other
      Liens securing Indebtedness outstanding in an aggregate principal amount not
      to
      exceed $25,000,000, provided
      that no
      such Lien shall extend to or cover Collateral with a book or fair market value
      (whichever is higher) of over $75,000,000 in the aggregate; and

     

    (l)  the
      replacement, extension or renewal of any Lien permitted by clauses (i)
      through (k) 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 Indebtedness secured
      thereby.

     

    7.02  Indebtedness.
      Create,
      incur, assume or suffer to exist any Indebtedness, except:

     

    (a)  obligations
      (contingent or otherwise) of the Borrower existing or arising under any Swap
      Contract; provided
      that (A)
      such obligations are (or were) entered into by such Person in the ordinary
      course of business for the purpose of directly mitigating risks associated
      with
      liabilities, commitments, investments, assets, or property held or reasonably
      anticipated by such Person, or changes in the value of securities issued by
      such
      Person, and not for purposes of speculation or taking a “market view,” and (B)
      such Swap Contract does not contain any provision exonerating the non-defaulting
      party from its obligation to make payments on outstanding transactions to the
      defaulting party;

     

    (b)  unsecured
      Indebtedness of a Subsidiary of the Borrower owed to the Borrower or a
      wholly-owned Subsidiary of the Borrower, which Indebtedness shall (i) in the
      

     

    

    
      
        
          
          

        

        
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    case
      of
      Indebtedness owed to a Loan Party, constitute “Pledged Debt” under the Security
      Agreement, (ii) be on terms (including subordination terms) acceptable to the
      Administrative Agent and (iii) be otherwise permitted under the provisions
      of
Section
      7.03;

     

    (c)  Indebtedness
      under the Loan Documents;

     

    (d)  Indebtedness
      (excluding Indebtedness evidenced by the Subordinated Notes) outstanding on
      the
      date hereof and listed on Schedule 7.02
      and any
      refinancings, refundings, renewals or extensions of such Indebtedness or of
      Indebtedness permitted under Section
      7.02(g);
      provided
      that (i)
      no Default shall have occurred and be continuing or would result from any such
      refinancing, refunding, renewal or extension on a Pro Forma Basis, (ii) the
      amount of such Indebtedness is not increased at the time of such refinancing,
      refunding, renewal or extension except by an amount equal to a reasonable
      premium or other reasonable amount paid, and fees and expenses reasonably
      incurred, in connection with such refinancing and by an amount equal to any
      existing commitments unutilized thereunder and any accrued and unpaid interest
      thereon, (iii) the direct or any contingent obligor with respect thereto is
      not
      changed as a result of or in connection with such refinancing, refunding,
      renewal or extension, and (iv) the terms relating to principal amount,
      amortization, maturity, collateral (if any) and subordination (if any), and
      other material terms taken as a whole, of any such refinancing, refunding,
      renewing or extending Indebtedness, and of any agreement entered into and of
      any
      instrument issued in connection therewith, are no less favorable in any material
      respect to the Loan Parties or the Lenders than the terms of any agreement
      or
      instrument governing the Indebtedness being refinanced, refunded, renewed or
      extended and the interest rate applicable to any such refinancing, refunding,
      renewing or extending Indebtedness does not exceed the then applicable market
      interest rate;

     

    (e)  Guarantees
      of Holdings, the Borrower, or any Subsidiary in respect of Indebtedness
      otherwise permitted hereunder of the Borrower or any of its
      Subsidiaries;

     

    (f)  Indebtedness
      in respect of Capitalized Leases, Synthetic Lease Obligations, Synthetic Debt
      and purchase money obligations for fixed or capital assets within the
      limitations set forth in Section
      7.01(i);
      provided,
      however,
      that
      the aggregate amount of all such Indebtedness at any one time outstanding shall
      not exceed $25,000,000; 

     

    (g)  Indebtedness
      of any Person that becomes a Subsidiary of the Borrower after the date hereof
      in
      accordance with the terms of Section 7.03(h),
      which
      Indebtedness is existing at the time such Person becomes a Subsidiary of the
      Borrower (other than Indebtedness incurred in contemplation of such Person’s
      becoming a Subsidiary of the Borrower); 

     

    (h)  (i)
      Indebtedness of any Subsidiary that is not a Loan Party owing to any other
      Subsidiary that is not a Loan Party and (ii) other Indebtedness of Subsidiaries
      which are not Loan Parties in an aggregate principal amount not to exceed
      $5,000,000 at any time outstanding;

     

    (i)  other
      Indebtedness in any aggregate amount of up to $25,000,000 which may be secured
      by Liens permitted under Section
      7.01(k);

     

    (j)  other
      unsecured Indebtedness provided that (A) no Default exists immediately prior
      to,
      or would result from, on a Pro Forma Basis, the incurrence of such 

     

    

    
      
        
          
          

        

        
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    Indebtedness,
      (B) no portion of such Indebtedness is scheduled to be paid (either at maturity
      or as amortization) prior to the Maturity Date of any Loan hereunder, (C) such
      Indebtedness is not Indebtedness of Holdings to the Borrower or any of its
      Subsidiaries and (D) the material terms and conditions of such Indebtedness
      are
      not more restrictive than the terms and conditions of this
      Agreement;

     

    (k)  Indebtedness
      evidenced by the Subordinated Notes and Indebtedness permitted under
Section
      7.15(d);
      and

     

    (l)  Indebtedness
      issued as consideration for all or any portion of the purchase price of any
      Acquisition permitted under Section
      7.03(h),
      provided that (A) no Default exists immediately prior to, or would result from,
      on a Pro Forma Basis, the incurrence of such Indebtedness, (B) such Indebtedness
      is not Indebtedness of a Loan Party to any other Loan Party and (C) the
      aggregate amount of such Indebtedness shall not exceed $20,000,000.

     

    7.03  Investments.
      Make or
      hold any Investments, except:

     

    (a)  Investments
      held by Holdings and its Subsidiaries in the form of Cash
      Equivalents;

     

    (b)  advances
      to officers, directors and employees of Holdings and its Subsidiaries in an
      aggregate amount not to exceed $2,000,000 at any time outstanding, for travel,
      entertainment, relocation and analogous ordinary business purposes;

     

    (c)  (i)
      Investments by Holdings and its Subsidiaries in their respective Subsidiaries
      outstanding on the date hereof, (ii) additional Investments by Holdings and
      its
      Subsidiaries in Loan Parties (other than Holdings), (iii) additional Investments
      by Subsidiaries of the Borrower that are not Loan Parties in other Subsidiaries
      that are not Loan Parties and (iv) so long as no Default has occurred and is
      continuing or would result from such Investment, additional Investments by
      the
      Loan Parties in wholly-owned Subsidiaries that are not Loan Parties in an
      aggregate amount invested from the date hereof not to exceed $10,000,000;
provided
      that
      each such Investment that consists of intercompany Indebtedness owing to a
      Loan
      Party shall be evidenced by an intercompany note which shall be delivered to,
      and in form reasonably acceptable to, the Administrative Agent and shall
      constitute “Pledged Debt” pursuant to the terms of the Security
      Agreement;

     

    (d)  Investments
      consisting of extensions of credit in the nature of accounts receivable or
      notes
      receivable arising from the grant of trade credit in the ordinary course of
      business, and Investments received in satisfaction or partial satisfaction
      thereof from financially troubled account debtors to the extent reasonably
      necessary in order to prevent or limit loss;

     

    (e)  Guarantees
      permitted by Section
      7.02;

     

    (f)  Investments
      existing on the date hereof (other than those referred to in Section
      7.03(c)(i))
      and set
      forth on Schedule
      5.08(e);

     

    (g)  Investments
      by the Borrower in Swap Contracts permitted under Section 7.02(a);

    
       

      
        
          
            
            

          

          
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    (h)  any
      Acquisition; provided
      that
      each of the following conditions shall be satisfied:

     

    (i)  any
      Subsidiary created or acquired in connection with such Acquisition shall comply
      with the requirements of Section
      6.12;

     

    (ii)  the
      lines
      of business of the Person to be (or the property of which is to be) so Acquired
      shall be substantially similar or related to one or more of the principal
      businesses of the Borrower and its Subsidiaries in the ordinary
      course;

     

    (iii)  (A)
      immediately before and immediately after giving effect to any such Acquisition,
      no Default shall have occurred and be continuing and (B) immediately after
      giving effect to such Acquisition, Holdings and its Subsidiaries shall be in
      compliance with all of the covenants set forth in Section
      7.11
      on a Pro
      Forma Basis, such compliance to be determined on the basis of the financial
      information most recently delivered to the Administrative Agent and the Lenders
      pursuant to Section
      6.01(a)
      or
(b);
      and

     

    (iv)  the
      Borrower shall have delivered to the Administrative Agent and each Lender,
      at
      least two Business Days prior to the date on which any such 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 (h) have been satisfied or will be
      satisfied on or prior to the consummation of such Acquisition; and

     

    (i)  Investments
      by the Borrower and its Subsidiaries not otherwise permitted under this
Section
      7.03
      in an
      aggregate amount not to exceed (i) so long as the Consolidated Leverage Ratio
      determined on the basis of the financial statements most recently delivered
      in
      accordance with Section
      6.01
      is
      greater than to 3.50 to 1.0, $25,000,000 and (ii) so long as such Consolidated
      Leverage Ratio is less than or equal to 3.50 to 1.0, $50,000,000; provided
      that,
      with respect to each Investment made pursuant to this Section
      7.03(i):

     

    (i)  such
      Investment 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 persons performing
      similar functions) of the Borrower or such Subsidiary if the board of directors
      is otherwise approving such transaction and, in each other case, by a
      Responsible Officer);

     

    (ii)  such
      Investment shall be in property that is part of, or in lines of business that
      are, substantially similar or related to one or more of the principal businesses
      of the Borrower and its Subsidiaries in the ordinary course; and

     

    (iii)  (A)
      immediately before and immediately after giving effect to any such Investment,
      no Default shall have occurred and be continuing and (B) immediately after
      giving effect to such Investment, Holdings and its Subsidiaries shall be in
      compliance with all of the covenants set forth in Section
      7.11
      on a Pro
      Forma Basis, such 

     

    

    
      
        
          
          

        

        
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    compliance
      to be determined on the basis of the financial information most recently
      delivered to the Administrative Agent and the Lenders pursuant to Section
      6.01(a)
      or
(b).

     

    7.04  Fundamental
      Changes.
      Merge,
      dissolve, liquidate, consolidate with or into another Person, or Dispose of
      (whether in one transaction or in a series of transactions) all or substantially
      all of its assets (whether now owned or hereafter acquired) to or in favor
      of
      any Person, except that, so long as no Default exists or would result therefrom
      on a Pro Forma Basis:

     

    (a)  any
      Subsidiary may merge with (i) the Borrower, provided
      that the
      Borrower shall be the continuing or surviving Person, or (ii) any one or more
      other Subsidiaries, provided
      that
      when any Loan Party (other than Holdings) is merging with another Subsidiary,
      such Loan Party shall be the continuing or surviving Person; 

     

    (b)  any
      Loan
      Party may Dispose of all or substantially all of its assets (upon voluntary
      liquidation or otherwise) to the Borrower or to another Loan Party (other than
      Holdings);

     

    (c)  any
      Subsidiary that is not a Loan Party may dispose of all or substantially all
      its
      assets (including any Disposition that is in the nature of a liquidation) to
      any
      other Subsidiary;

     

    (d)  in
      connection with any Acquisition permitted under Section
      7.03,
      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
      (i)
      the Person surviving such merger shall be a wholly-owned Subsidiary of the
      Borrower and (ii) in the case of any such merger to which any Loan Party (other
      than the Borrower) is a party, such Loan Party is the surviving Person;
      and

     

    (e)  so
      long
      as no Default has occurred and is continuing or would result therefrom, each
      of
      the Borrower and any of its Subsidiaries 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
      each case, immediately after giving effect thereto (i) in the case of any such
      merger to which the Borrower is a party, the Borrower is the surviving
      corporation and (ii) in the case of any such merger to which any Loan Party
      (other than the Borrower) is a party, such Loan Party is the surviving
      corporation.

     

    7.05  Dispositions.
      Make
      any Disposition or enter into any agreement to make any Disposition,
      except:

     

    (a)  Dispositions
      of obsolete or worn out property, whether now owned or hereafter acquired,
      in
      the ordinary course of business;

     

    (b)  Dispositions
      of inventory in the ordinary course of business;

     

    (c)  Dispositions
      of equipment or real property to the extent that (i) such property is exchanged
      for credit against the purchase price of similar replacement property or (ii)
      the proceeds of such Disposition are reasonably promptly applied to the purchase
      price of such replacement property;

    
       

      
        
          
            
            

          

          
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    (d)  Dispositions
      of property by any Subsidiary to the Borrower or to a wholly-owned Subsidiary;
      provided
      that if
      the transferor of such property is a Guarantor, the transferee thereof must
      either be the Borrower or a Guarantor (other than Holdings);

     

    (e)  Dispositions
      permitted by Section
      7.04;
      

     

    (f)  Dispositions
      by the Borrower and its Subsidiaries of property pursuant to sale-leaseback
      transactions, provided
      that the
      book value of all property so Disposed of shall not exceed (i) $10,000,000
      in
      the aggregate from and after the Closing Date or (ii) $5,000,000 in any fiscal
      year;

     

    (g)  non-exclusive
      licenses of IP Rights in the ordinary course of business and substantially
      consistent with past practice for terms not exceeding ten years; 

     

    (h)  the
      Supremex Disposition; and 

     

    (i)  Dispositions
      by the Borrower and its Subsidiaries not otherwise permitted under this
Section
      7.05;
      provided
      that (i)
      at the time of such Disposition, no Default shall exist or would result from
      such Disposition on a Pro Forma Basis, and (ii) the aggregate book value of
      all
      property Disposed of in reliance on this clause (i) in any fiscal year shall
      not
      exceed $20,000,000;

     

    provided,
      however,
      that
      any Disposition pursuant to Section
      7.05(a)
      through
Section
      7.05(i)
      shall be
      for fair market value (as reasonably determined by the Borrower or the
      applicable Subsidiary).

     

    7.06  Restricted
      Payments.
      Declare
      or make, directly or indirectly, any Restricted Payment, or incur any obligation
      (contingent or otherwise) to do so, except that:

     

    (a)  each
      Subsidiary may make Restricted Payments to (i) the Borrower, (ii) any
      Subsidiaries of the Borrower that are Guarantors and (iii) so long as no Default
      has occurred and is continuing, any other Person that owns a direct Equity
      Interest in such Subsidiary, ratably according to their respective holdings
      of
      the type of Equity Interest in respect of which such Restricted Payment is
      being
      made;

     

    (b)  Holdings
      and each Subsidiary may declare and make dividend payments or other
      distributions payable solely in the common stock or other common Equity
      Interests of such Person;

     

    (c)  Holdings
      and each Subsidiary may purchase, redeem or otherwise acquire its common Equity
      Interests with the proceeds received from the substantially concurrent issue
      of
      new common Equity Interests;

     

    (d)  Holdings
      may (i) declare or pay cash dividends to its stockholders and/or (ii) purchase,
      redeem or otherwise acquire for cash Equity Interests issued by it, so long
      as
      immediately prior to and/or after giving effect thereto on a Pro Forma Basis,
      no
      Default exists or would be caused thereby; provided,
      however,
      that if
      the Consolidated Leverage Ratio is greater than 3.0 to 1.0 immediately prior
      thereto and after giving effect thereto on a Pro Forma Basis, the 

     

    

    
      
        
          
          

        

        
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    aggregate
      amount of all such dividends, purchases, redemptions and/or acquisitions shall
      not exceed $50,000,000 (the “Maximum
      Dividend Amount”);
      provided,
      further,
      that if
      the Consolidated Leverage Ratio is greater than 3.50 to 1.0 and the Borrower
      applies Excess Cash Flow to the purchase of Subordinated Notes, the payment
      of
      fees arising from an offer to purchase the Subordinated Notes or the prepayment
      of Indebtedness permitted under Section
      7.02(g)
      in each
      such case in accordance with Sections
      7.15(d)
      or
(f),
      the
      Maximum Dividend Amount shall be reduced by the amount of such repurchase,
      fees
      paid or prepayment, as the case may be, during the fiscal year during which
      such
      repurchase is effected, fees are actually paid or prepayment is actually made,
      as the case may be; and

     

    (e)  the
      Borrower may declare and pay cash dividends to Holdings (i) in the amounts
      of
      and at the times necessary to permit Holdings to make payments permitted
      pursuant to Section
      7.06(d)
      above
      and (ii) so long as no Default exists or would be caused thereby, in an
      aggregate amount not to exceed $10,000,000 in any fiscal year to permit Holdings
      to pay (A) reasonable and customary corporate and operating expenses (including
      reasonable out-of-pocket expenses for legal, administrative and accounting
      services provided by third parties, and compensation, benefits and other amounts
      payable to officers and employees in connection with their employment in the
      ordinary course of business and to board of director observers), (B) franchise
      fees or similar taxes and fees required to maintain its corporate existence,
      and
      (C) its proportionate share of the tax liability of the affiliated group of
      corporations that file consolidated Federal income tax returns (or that file
      state and local income tax returns on a consolidated basis), in each case under
      clauses (i) and (ii) above, only to the extent such payments are actually made
      by Holdings.

     

    7.07  Change
      in Nature of Business.
      Engage
      in any material line of business substantially different from those lines of
      business conducted by the Borrower and its Subsidiaries on the date hereof
      or
      any business substantially related or incidental thereto.

     

    7.08  Transactions
      with Affiliates.
      Enter
      into any transaction of any kind with any Affiliate of the Borrower, whether
      or
      not in the ordinary course of business, other than on fair and reasonable terms
      substantially as favorable to the Borrower or such Subsidiary as would be
      obtainable by the Borrower or such Subsidiary at the time in a comparable arm’s
      length transaction with a Person other than an Affiliate; provided
      that the
      foregoing restriction shall not apply to transactions between or among the
      Loan
      Parties.

     

    7.09  Burdensome
      Agreements.
      Enter
      into or permit to exist any Contractual Obligation (other than this Agreement
      or
      any other Loan Document) that (a) limits the ability (i) of any Subsidiary
      to
      make Restricted Payments to the Borrower or any Guarantor or to otherwise
      transfer property to or invest in the Borrower or any Guarantor, except for
      any
      agreement in effect (A) on the date hereof and set forth on Schedule
      7.09
      (including the Subordinated Notes Documents) or (B) at the time any 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, (ii) of any Subsidiary to Guarantee the Indebtedness of the Borrower
      or (iii) of the Borrower or any Subsidiary to create, incur, assume or suffer
      to
      exist Liens on property of such Person, except for any agreement in effect
      on
      the Closing Date and set forth on Schedule
      7.09
      (including the Subordinated Notes Documents); provided,
      however,
      that
      this clause (iii) shall not prohibit any negative pledge incurred or provided
      in
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    Indebtedness
      permitted under Section
      7.02(f)
      solely
      to the extent any such negative pledge relates to the property financed by
      or
      the subject of such Indebtedness; or (b) requires the grant of a Lien to secure
      an obligation of such Person if a Lien is granted to secure another obligation
      of such Person.

     

    7.10  Use
      of Proceeds.
      Use the
      proceeds of any Credit Extension, whether directly or indirectly, and whether
      immediately, incidentally or ultimately, to purchase or carry margin stock
      (within the meaning of Regulation U of the FRB) or to extend credit to others
      for the purpose of purchasing or carrying margin stock or to refund indebtedness
      originally incurred for such purpose.

     

    7.11  Financial
      Covenants.
      

     

    (a)  Consolidated
      Interest Coverage Ratio.
      Permit
      the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter
      of
      Holdings to be less than the ratio set forth below opposite such fiscal
      quarter:

     

    
      	
              Four
                Fiscal Quarters Ending

            	
              Minimum

              Consolidated

              Interest
                Coverage

              Ratio

            
	
              Closing
                Date through December 31, 2006

            	
              1.75
                to 1.00

            
	
              March
                31, 2007 and each fiscal quarter thereafter

            	
              2.00
                to 1.00

            

    

     

    (b)  Consolidated
      Leverage Ratio.
      Permit
      the Consolidated Leverage Ratio at any time during any period of four fiscal
      quarters of Holdings set forth below to be greater than the ratio set forth
      below opposite such period:

     

    
      	
              Four
                Fiscal Quarters Ending

            	
              Maximum

              Consolidated

              Leverage
                Ratio

            
	
              Closing
                Date through December 31, 2006

            	
              5.50
                to 1.0

            
	
              March
                31, 2007 through June 30, 2007

            	
              5.25
                to 1.0

            
	
              September
                30, 2007 through December 31, 2007

            	
              5.00
                to 1.0

            
	
              March
                31, 2008 through December 31, 2008

            	
              4.50
                to 1.0

            
	
              March
                31, 2009 and each fiscal quarter thereafter

            	
              4.00
                to 1.0

            

    

     

    7.12  Capital
      Expenditures.
      Make or
      become legally obligated to make any Capital Expenditure, except for Capital
      Expenditures in the ordinary course of business not exceeding $35,000,000 (the
      “Maximum
      CapEx Amount”)
      in the
      aggregate for the Borrower and it Subsidiaries during any fiscal year;
provided,
      however,
      that
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    occurred
      and is continuing or would result from such expenditure, any portion of the
      fixed amount set forth above, if not expended in the fiscal year for which
      it is
      permitted, may be carried over for expenditure in the next following fiscal
      year
      and (ii) if any such amount is so carried over, it will be deemed used in the
      applicable subsequent fiscal year after the fixed amount set forth above has
      been expended; and provided,
      further,
      that
      the Maximum CapEx Amount shall be increased by $2,500,000 for each $100,000,000
      increase in the Term Facility in accordance with Section
      2.14
      if and
      to the extent that such additional Term Borrowing is applied to one or more
      Acquisitions permitted under Section
      7.03(h).

     

    7.13  Amendments
      of Organization Documents.
      Amend
      any of its Organization Documents in any material respect adverse to the
      Administrative Agent or the Lenders.

     

    7.14  Accounting
      Changes.
      Make
      any change in (a) accounting policies or reporting practices, except as
      required by GAAP or applicable Laws, or (b) its fiscal year, except in the
      case of this clause (b) upon 30 days prior written notice to the Administrative
      Agent.

     

    7.15  Prepayments,
      Etc. of Indebtedness.
      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 Indebtedness, except (a) the prepayment of the Credit
      Extensions in accordance with the terms of this Agreement, (b) regularly
      scheduled or required repayments, purchases or redemptions of Indebtedness
      set
      forth in Schedule
      7.02
      (except
      any such repayment, purchase or redemption subject to Section
      7.15(d)
      below)
      and refinancings and refundings of such Indebtedness in compliance with
Section
      7.02(d),
      (c) the
      consummation of the Tender Offer,
      (d)
      prepayment, purchase, redemption or defeasance of the Subordinated Notes, so
      long as (i) immediately before and after giving effect to any such prepayment,
      purchase, redemption or defeasance, (x) no Default shall have occurred and
      be
      continuing and (y) Holdings and its Subsidiaries shall be in compliance with
      all
      of the covenants set forth in Section
      7.11
      on a Pro
      Forma Basis, as determined on the basis of the financial information most
      recently delivered to the Administrative Agent and the Lenders pursuant to
      Section
      6.01(a)
      or
(b),
      as
      applicable, (ii) no Term Loans shall be applied to such prepayment, purchase,
      redemption or defeasance; (iii) if the Consolidated Leverage Ratio determined
      in
      accordance with the foregoing subclause (d)(i)(y) is greater than 3.50 to 1.0,
      no Excess Cash Flow shall be applied to such prepayment, purchase, redemption
      or
      defeasance (subject to the final proviso set forth in subclause (f) below),
      and
      (iv) to the extent funded by the issuance of Indebtedness, such Indebtedness
      (A)
      shall be subordinate in all respects to the Obligations on terms substantially
      the same or shall be unsecured Indebtedness, (B) shall not increase the
      principal amount then owed under the Subordinated Notes (except by an amount
      equal to a reasonable premium paid, accrued but unpaid interest and reasonable
      fees and expenses incurred in connection therewith), (C) shall have the same
      obligor, (D) shall be subject to an equal or longer maturity as the Subordinated
      Notes and (E) if such Indebtedness is subordinate to the Obligations, otherwise
      shall be subject to material terms and conditions substantially no more
      restrictive than the Subordinated Notes Documents,
      (e)
      prepayments of Indebtedness permitted under Section
      7.02(b),
      and (f)
      prepayments of Indebtedness permitted under Section
      7.02(g),
      provided
      that any
      such prepayment shall be funded by (i) a refinancing permitted under
Section
      7.02(d),
      (ii)
      Loans under this Agreement or (iii) if the Consolidated Leverage Ratio
      calculated on a Pro Forma Basis, as determined on the basis of the financial
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    delivered
      to the Administrative Agent and the Lenders pursuant to Section
      6.01(a)
      or
(b),
      as
      applicable, is less than or equal to 3.50 to 1.0, Excess Cash Flow (provided,
      however,
      that if
      such Consolidated Leverage Ratio is greater than 3.50 to 1.0 and subject to
      a
      dollar for dollar reduction in the Maximum Dividend Amount in accordance with
      Section
      7.06(d),
      the
      Borrower may apply up to $25,000,000 of Excess Cash Flow in the aggregate to
      (x)
      pay fees arising in connection with an offer to repurchase the Subordinated
      Notes, (y) purchase Subordinated Notes and/or (z) to prepay Indebtedness
      permitted under Section
      7.02(g)).

     

    7.16  Amendment,
      Etc. of Related Documents and Indebtedness.
      (a)
      Cancel or terminate any Tender Offer Documents or Subordinated Notes Documents
      or consent to or accept any cancellation or termination thereof, except, in
      the
      case of the Subordinated Notes Documents, in connection with any transaction
      permitted under Section
      7.15(d),
      (b)
      cancel or terminate any Material Contract or consent to or accept any
      cancellation or termination thereof, unless the cancellation or termination
      thereof could not reasonably be expected to have a Material Adverse Effect,
      (c)
      amend, modify or change in any manner any term or condition of any Tender Offer
      Documents or Subordinated Notes Documents or give any consent, waiver or
      approval thereunder that, in any such case, could impair the rights and remedies
      of the Secured Parties under the Loan Documents or otherwise result in a
      Material Adverse Effect, (d) amend, modify or change in any manner any term
      or
      condition of any Material Contract or give any consent, waiver or approval
      thereunder unless such amendment, modification or change could not reasonably
      be
      expected to have a Material Adverse Effect, (e) waive any default under or
      any
      breach of any term or condition of any Tender Offer Documents or Subordinated
      Notes Documents, (f) waive any material default or any breach of any material
      term or condition of any Material Contract, (g) take any other action in
      connection with any Related Document that would impair in any material respect
      the value of the interest or rights of any Loan Party thereunder or that would
      impair the rights or interests of the Administrative Agent or any Lender or
      (h)
      amend, modify or change in any manner any term or condition of any Indebtedness
      set forth in Schedule
      7.02,
      except
      for any refinancing, refunding, renewal or extension thereof permitted by
Section
      7.02(d)
      or
Section
      7.15(d)
      and
      except for any such amendment, modification or change that could not reasonably
      be expected to impair the rights and remedies of the Secured Parties under
      the
      Loan Documents or otherwise result in a Material Adverse Effect.

     

    7.17  Holding
      Company.
      In the
      case of Holdings, engage in any business or activity other than (a) the
      ownership of all outstanding Equity Interests in the Borrower, (b) maintaining
      its corporate existence, (c) participating in tax, accounting and other
      administrative activities as the parent of the consolidated group of companies,
      including the Loan Parties, (d) the execution and delivery of the Loan Documents
      and Related Documents to which it is a party and the performance of its
      obligations thereunder, (e) activities incidental to the businesses or
      activities described in clauses (a) through (d) of this Section and (f) any
      other activities substantially similar or related to the lines of business
      of
      Holdings in the ordinary course of business as of the date hereof to the extent
      otherwise permitted under the Loan Documents.

     

    7.18  Designation
      of Senior Debt.
      Designate any Indebtedness (other than the Indebtedness under the Loan
      Documents) of the Borrower or any of its Subsidiaries as “Designated Senior
      Debt” under, and as defined in, the Subordinated Notes Documents.

    

      
        
          
          

        

        
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    ARTICLE
      VIII  

    EVENTS
      OF DEFAULT AND REMEDIES

     

    8.01  Events
      of Default.
      Any of
      the following shall constitute an Event of Default:

     

    (a)  Non-Payment.
      The
      Borrower or any other Loan Party fails to (i) pay when and as required to be
      paid herein, any amount of principal of any Loan or any L/C Obligation or
      deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii)
      pay
      within three Business Days after the same becomes due, any interest on any
      Loan
      or on any L/C Obligation, or any fee due hereunder, or (iii) pay within five
      Business Days after the same becomes due, any other amount payable hereunder
      or
      under any other Loan Document; or

     

    (b)  Specific
      Covenants.
      (i) The
      Borrower fails to perform or observe any term, covenant or agreement contained
      in any of Section
      6.01(a),
      6.01(b),
      6.02(b),
      6.03,
      6.05(a),
      6.05(c),
      6.10,
      6.11,
      6.12,
      6.14,
      6.17,
      6.20
      or
Article
      VII,
      (ii) any
      Guarantor fails to perform or observe any term, covenant or agreement set forth
      in the foregoing subclause (i) that Guarantor has agreed to perform or observe
      pursuant to Section
      4.01
      of the
      Guaranty or (iii) any Loan Party fails to perform or observe any term, covenant
      or agreement contained in (x) Section
      5.01(c),
      5.01(d),
      Section
      5.01(g),
      or
Section
      5.02
      of the
      Security Agreement or (y) the foregoing subclause (i) that any Loan Party agreed
      to perform or observe pursuant to any Mortgage to which it is a party;
      or

     

    (c)  Other
      Defaults.
      Any
      Loan Party fails to perform or observe any other covenant or agreement (not
      specified in Section
      8.01(a)
      or
(b)
      above)
      contained in any Loan Document on its part to be performed or observed and
      such
      failure continues for 30 days from the earlier of (i) the date that any
      Responsible Officer of a Loan Party has actual knowledge thereof or (ii) the
      date that the Administrative Agent delivers to Borrower written notice of such
      failure; or

     

    (d)  Representations
      and Warranties.
      Any
      representation, warranty, certification or statement of fact made or deemed
      made
      by or on behalf of the Borrower or any other Loan Party herein, in any other
      Loan Document, or in any document delivered in connection herewith or therewith
      shall be incorrect or misleading in any material respect when made or deemed
      made; or

     

    (e)  Cross-Default.
      (i) Any
      Loan Party or any Subsidiary thereof (A) fails to make any payment when due
      (whether by scheduled maturity, required prepayment, acceleration, demand,
      or
      otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness
      hereunder and Indebtedness under Swap Contracts) having an aggregate principal
      amount (including undrawn committed or available amounts and including amounts
      owing to all creditors under any combined or syndicated credit arrangement)
      of
      more than the Threshold Amount, or (B) fails to observe or perform any other
      agreement or condition relating to any such Indebtedness or Guarantee or
      contained in any instrument or agreement evidencing, securing or relating
      thereto, or any other event occurs (other than the occurrence of any “Change of
      Control” under, and as defined in, the Subordinated Note Documents, so long as
      the Borrower would at such time be permitted in accordance with Section
      7.15(d)
      to
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    defease
      the Subordinated Notes), the effect of which default or other event is to cause,
      or to permit the holder or holders of such Indebtedness or the beneficiary
      or
      beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder
      or holders or beneficiary or beneficiaries) to cause, with the giving of notice
      if required, such Indebtedness to be demanded or to become due or to be
      repurchased, prepaid, defeased or redeemed (automatically or otherwise), or
      an
      offer to repurchase, prepay, defease or redeem such Indebtedness to be made,
      prior to its stated maturity, or such Guarantee to become payable or cash
      collateral in respect thereof to be demanded; or (ii) there occurs under any
      Swap Contract an Early Termination Date (as defined in such Swap Contract)
      resulting from any event of default under such Swap Contract as to which a
      Loan
      Party or any Subsidiary thereof is the Defaulting Party (as defined in such
      Swap
      Contract) and the Swap Termination Value owed by such Loan Party or such
      Subsidiary as a result thereof is greater than the Threshold Amount;
      or

     

    (f)  Insolvency
      Proceedings, Etc.
      Any
      Loan Party or any Subsidiary thereof institutes or consents to the institution
      of any proceeding under any Debtor Relief Law, or makes an assignment for the
      benefit of creditors; or applies for or consents to the appointment of any
      receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
      officer for it or for all or any material part of its property; or any receiver,
      trustee, custodian, conservator, liquidator, rehabilitator or similar officer
      is
      appointed without the application or consent of such Person and the appointment
      continues undischarged or unstayed for 60 calendar days; or any proceeding
      under
      any Debtor Relief Law relating to any such Person or to all or any material
      part
      of its property is instituted without the consent of such Person and continues
      undismissed or unstayed for 60 calendar days, or an order for relief is entered
      in any such proceeding; or

     

    (g)  Inability
      to Pay Debts; Attachment.
      (i) Any
      Loan Party or any Subsidiary thereof becomes unable or admits in writing its
      inability or fails generally to pay its debts as they become due, or (ii) any
      writ or warrant of attachment or execution or similar process is issued or
      levied against all or any material part of the property of any such Person
      and
      is not released, vacated or fully bonded within 30 days after its issue or
      levy;
      or

     

    (h)  Judgments.
      There
      is entered against any Loan Party or any Subsidiary thereof (i) one or more
      final judgments or orders for the payment of money in an aggregate amount (as
      to
      all such judgments and orders) exceeding the Threshold Amount (to the extent
      not
      covered by independent third-party insurance as to which the insurer is rated
      at
      least “A” by A.M. Best Company, has been notified of the potential claim and
      does not dispute coverage), or (ii) any one or more non-monetary final judgments
      that have, or could reasonably be expected to have, individually or in the
      aggregate, a Material Adverse Effect and, in either case, (A) enforcement
      proceedings are commenced by any creditor upon such judgment or order, or (B)
      there is a period of 30 consecutive days during which a stay of enforcement
      of
      such judgment, by reason of a pending appeal or otherwise, is not in effect;
      or

     

    (i)  ERISA.
      (i) An
      ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which
      has resulted or could reasonably be expected to result in liability of the
      Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or
      the PBGC in an aggregate amount in excess of the Threshold Amount, or (ii)
      the
      Borrower or any ERISA Affiliate fails to pay when due, after the expiration
      of
      any applicable grace period, any 

     

    

    
      
        
          
          

        

        
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    installment
      payment with respect to its withdrawal liability under Section 4201 of ERISA
      under a Multiemployer Plan in an aggregate amount in excess of the Threshold
      Amount; or

     

    (j)  Invalidity
      of Loan Documents.
      Any
      material provision of any Loan Document, at any time after its execution and
      delivery and for any reason other than as expressly permitted hereunder or
      thereunder or satisfaction in full of all the Obligations, ceases to be in
      full
      force and effect; or any Loan Party or any other Person contests in any manner
      the validity or enforceability of any provision of any Loan Document; or any
      Loan Party denies that it has any or further liability or obligation under
      any
      provision of any Loan Document, or purports to revoke, terminate or rescind
      any
      provision of any Loan Document; or

     

    (k)  Change
      of Control.
      There
      occurs any Change of Control; or

     

    (l)  Collateral
      Documents.
      Any
      Collateral Document after delivery thereof pursuant to Section 4.01
      or
6.12
      shall
      for any reason (other than pursuant to the terms hereof of thereof) cease to
      create a valid and perfected first priority Lien (subject to Liens permitted
      by
Section
      7.01)
      on the
      Collateral purported to be covered thereby; or

     

    (m)  Subordination.
      (i) The
      subordination provisions of the Subordinated Notes Documents (the “Subordinated
      Provisions”)
      shall,
      in whole or in part, terminate, cease to be effective or cease to be legally
      valid, binding and enforceable against any holder of the Subordinated Notes;
      (ii) all or any material portion of the Obligations cease to constitute “Senior
      Debt” and “Designated Senior Debt” under the Subordinated Note Documents; or
      (iii) the Borrower or any other Loan Party shall, directly or indirectly,
      disavow or contest in any manner (A) the effectiveness, validity or
      enforceability of any of the Subordination Provisions, (B) that the
      Subordination Provisions exist for the benefit of the Administrative Agent,
      the
      Lenders and the L/C Issuer or (C) that all payments of principal of or premium
      and interest on the Subordinated Notes, or realized from the liquidation of
      any
      property of any Loan Party, shall be subject to any of the Subordination
      Provisions.

     

    8.02  Remedies
      upon Event of Default.
      If any
      Event of Default occurs and is continuing, the Administrative Agent shall,
      at
      the request of, or may, with the consent of, the Required Lenders, take any
      or
      all of the following actions:

     

    (a)  declare
      the commitment of each Lender to make Loans and any obligation of the L/C Issuer
      to make L/C Credit Extensions to be terminated, whereupon such commitments
      and
      obligation shall be terminated; 

     

    (b)  declare
      the unpaid principal amount of all outstanding Loans, all interest accrued
      and
      unpaid thereon, and all other amounts owing or payable hereunder or under any
      other Loan Document to be immediately due and payable, without presentment,
      demand, protest or other notice of any kind, all of which are hereby expressly
      waived by the Borrower; 

     

    (c)  require
      that the Borrower Cash Collateralize the L/C Obligations (in an amount equal
      to
      the then Outstanding Amount thereof); and

     

    (d)  exercise
      on behalf of itself, the Lenders and the L/C Issuer all rights and remedies
      available to it, the Lenders and the L/C Issuer under the Loan
      Documents;

     

    

    
      
        
          
          

        

        
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    provided,
      however,
      that
      upon the occurrence of an actual or deemed entry of an order for relief with
      respect to the Borrower under the Bankruptcy Code of the United States, the
      obligation of each Lender to make Loans and any obligation of the L/C Issuer
      to
      make L/C Credit Extensions shall automatically terminate, the unpaid principal
      amount of all outstanding Loans and all interest and other amounts as aforesaid
      shall automatically become due and payable, and the obligation of the Borrower
      to Cash Collateralize the L/C Obligations as aforesaid shall automatically
      become effective, in each case without further act of the Administrative Agent
      or any Lender.

     

    8.03  Application
      of Funds.
      After
      the exercise of remedies provided for in Section
      8.02
      (or
      after the Loans have automatically become immediately due and payable and the
      L/C Obligations have automatically been required to be Cash Collateralized
      as
      set forth in the proviso to Section
      8.02),
      any
      amounts received on account of the Obligations shall be applied by the
      Administrative Agent in the following order:

     

    First,
      to
      payment of that portion of the Obligations constituting fees, indemnities,
      expenses and other amounts (including the reasonable fees, charges and
      disbursements of counsel to the Administrative Agent and amounts payable under
      Article
      III)
      payable
      to the Administrative Agent in its capacity as such;

     

    Second,
      to
      payment of that portion of the Obligations constituting fees, indemnities and
      other amounts (other than principal, interest and Letter of Credit Fees) payable
      to the Lenders and the L/C Issuer (including reasonable fees, charges and
      disbursements of counsel to the respective Lenders and the L/C Issuer (including
      the reasonable, allocated fees and time charges for attorneys who may be
      employees of any Lender or the L/C Issuer) and amounts payable under
Article
      III),
      ratably
      among them in proportion to the respective amounts described in this clause
      Second
      payable
      to them;

     

    Third,
      to
      payment of that portion of the Obligations constituting accrued and unpaid
      Letter of Credit Fees and interest on the Loans, L/C Borrowings and other
      Obligations, ratably among the Lenders and the L/C Issuer in proportion to
      the
      respective amounts described in this clause Third
      payable
      to them;

     

    Fourth,
      to
      payment of that portion of the Obligations constituting unpaid principal of
      the
      Loans, L/C Borrowings and amounts owing under Secured Hedge Agreements and
      Secured Cash Management Agreements, ratably among the Lenders, the L/C Issuer,
      the Hedge Banks and the Cash Management Banks in proportion to the respective
      amounts described in this clause Fourth
      held by
      them;

     

    Fifth,
      to the
      Administrative Agent for the account of the L/C Issuer, to Cash Collateralize
      that portion of L/C Obligations comprised of the aggregate undrawn amount of
      Letters of Credit; and

     

    Last,
      the
      balance, if any, after all of the Obligations have been paid in full in cash
      or
      Cash Collateralized, to the Borrower or as otherwise required by
      Law.

     

    Subject
      to Section
      2.03(c),
      amounts
      used to Cash Collateralize the aggregate undrawn amount of Letters of Credit
      pursuant to clause Fifth
      above
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    Letters
      of Credit as they occur. If any amount remains on deposit as Cash Collateral
      after all Letters of Credit have either been fully drawn or expired, such
      remaining amount shall be applied to the other Obligations, if any, in the
      order
      set forth above. 

     

    ARTICLE
      IX  

    ADMINISTRATIVE
      AGENT

     

    9.01  Appointment
      and Authority.
      

     

    (a)  Each
      of
      the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America
      to
      act on its behalf as the Administrative Agent hereunder and under the other
      Loan
      Documents and authorizes the Administrative Agent to take such actions on its
      behalf and to exercise such powers as are delegated to the Administrative Agent
      by the terms hereof or thereof, together with such actions and powers as are
      reasonably incidental thereto. The provisions of this Article are solely for
      the
      benefit of the Administrative Agent, the Lenders and the L/C Issuer, and none
      of
      Holdings, the Borrower nor any other Loan Party shall have rights as a third
      party beneficiary of any of such provisions.

     

    (b)  The
      Administrative Agent shall also act as the “collateral
      agent”
under
      the Loan Documents, and each of the Lenders (in its capacities as a Lender,
      Swing Line Lender (if applicable), potential Hedge Bank and potential Cash
      Management Bank) and the L/C Issuer hereby irrevocably appoints and authorizes
      the Administrative Agent to act as the agent of such Lender and the L/C Issuer
      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 Obligations, together
      with such powers and discretion as are reasonably incidental thereto. In this
      connection, the Administrative Agent, as “collateral agent” and any co-agents,
      sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant
      to Section
      9.05
      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
      and remedies thereunder at the direction of the Administrative Agent, shall
      be
      entitled to the benefits of all provisions of this Article
      IX
      and
Article
      XI
      (including Section 11.04(c),
      as
      though such co-agents, sub-agents and attorneys-in-fact were the “collateral
      agent” under the Loan Documents) as if set forth in full herein with respect
      thereto.

     

    9.02  Rights
      as a Lender.
      The
      Person serving as the Administrative Agent hereunder shall have the same rights
      and powers in its capacity as a Lender as any other Lender and may exercise
      the
      same as though it were not the Administrative Agent and the term “Lender” or
“Lenders” shall, unless otherwise expressly indicated or unless the context
      otherwise requires, include the Person serving as the Administrative Agent
      hereunder in its individual capacity. Such Person and its Affiliates may accept
      deposits from, lend money to, act as the financial advisor or in any other
      advisory capacity for and generally engage in any kind of business with the
      Borrower or any Subsidiary or other Affiliate thereof as if such Person were
      not
      the Administrative Agent hereunder and without any duty to account therefor
      to
      the Lenders.

     

    9.03  Exculpatory
      Provisions.
      The
      Administrative Agent shall not have any duties or obligations except those
      expressly set forth herein and in the other Loan Documents. Without limiting
      the
      generality of the foregoing, the Administrative Agent:

    

      
        
          
          

        

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

     

    (b)  shall
      not
      have any duty to take any discretionary action or exercise any discretionary
      powers, except discretionary rights and powers expressly contemplated hereby
      or
      by the other Loan Documents that the Administrative Agent is required to
      exercise as directed in writing by the Required Lenders (or such other number
      or
      percentage of the Lenders as shall be expressly provided for herein or in the
      other Loan Documents), provided
      that the
      Administrative Agent shall not be required to take any action that, in its
      opinion or the opinion of its counsel, may expose the Administrative Agent
      to
      liability or that is contrary to any Loan Document or applicable law;
      and

     

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

     

    The
      Administrative Agent shall not be liable for any action taken or not taken
      by it
      (i) with the consent or at the request of the Required Lenders (or such other
      number or percentage of the Lenders as shall be necessary, or as the
      Administrative Agent shall believe in good faith shall be necessary, under
      the
      circumstances as provided in Sections
      11.01
      and
8.02)
      or (ii)
      in the absence of its own gross negligence or willful misconduct. The
      Administrative Agent shall be deemed not to have knowledge of any Default unless
      and until notice describing such Default is given to the Administrative Agent
      by
      the Borrower, a Lender or the L/C Issuer.

     

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

     

    9.04  Reliance
      by Administrative Agent.
      The
      Administrative Agent shall be entitled to rely upon, and shall not incur any
      liability for relying upon, any notice, request, certificate, consent,
      statement, instrument, document or other writing (including any electronic
      message, Internet or intranet website posting or other distribution) believed
      by
      it to be genuine and to have been signed, sent or otherwise authenticated by
      the
      proper Person. The Administrative Agent also may rely upon any statement made
      to
      it orally or by telephone and believed by it to have been made by the proper
      Person, and shall not incur any liability for relying thereon. In determining
      compliance with any condition hereunder to the making of a Loan, or the issuance
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    a
      Lender
      or the L/C Issuer, the Administrative Agent may presume that such condition
      is
      satisfactory to such Lender or the L/C Issuer unless the Administrative Agent
      shall have received notice to the contrary from such Lender or the L/C Issuer
      prior to the making of such Loan or the issuance of such Letter of Credit.
      The
      Administrative Agent may consult with legal counsel (who may be counsel for
      the
      Borrower), independent accountants and other experts selected by it, and shall
      not be liable for any action taken or not taken by it in accordance with the
      advice of any such counsel, accountants or experts.

     

    9.05  Delegation
      of Duties.
      The
      Administrative Agent may perform any and all of its duties and exercise its
      rights and powers hereunder or under any other Loan Document by or through
      any
      one or more sub-agents appointed by the Administrative Agent. The Administrative
      Agent and any such sub-agent may perform any and all of its duties and exercise
      its rights and powers by or through their respective Related Parties. The
      exculpatory provisions of this Article shall apply to any such sub-agent and
      to
      the Related Parties of the Administrative Agent and any such sub-agent, and
      shall apply to their respective activities in connection with the syndication
      of
      the credit facilities provided for herein as well as activities as
      Administrative Agent.

     

    9.06  Resignation
      of Administrative Agent.
      The
      Administrative Agent may at any time give notice of its resignation to the
      Lenders, the L/C Issuer and the Borrower. Upon receipt of any such notice of
      resignation, the Required Lenders shall have the right, in consultation with
      the
      Borrower (and, so long as no Event of Default has occurred and is continuing,
      with the prior written consent of the Borrower, which consent shall not be
      unreasonably withheld or delayed), to appoint a successor, which shall be a
      bank
      with an office in the United States, or an Affiliate of any such bank with
      an
      office in the United States. If no such successor shall have been so appointed
      by the Required Lenders and shall have accepted such appointment within
      30 days after the retiring Administrative Agent gives notice of its
      resignation, then the retiring Administrative Agent may on behalf of the Lenders
      and the L/C Issuer, appoint a successor Administrative Agent meeting the
      qualifications set forth above; provided
      that if
      the Administrative Agent shall notify the Borrower and the Lenders that no
      qualifying Person has accepted such appointment, then such resignation shall
      nonetheless become effective in accordance with such notice and (a) the
      retiring Administrative Agent shall be discharged from its duties and
      obligations hereunder and under the other Loan Documents (except that in the
      case of any collateral security held by the Administrative Agent on behalf
      of
      the Lenders or the L/C Issuer under any of the Loan Documents, the retiring
      Administrative Agent shall continue to hold such collateral security until
      such
      time as a successor Administrative Agent is appointed) and (b) all
      payments, communications and determinations provided to be made by, to or
      through the Administrative Agent shall instead be made by or to each Lender
      and
      the L/C Issuer directly, until such time as the Required Lenders appoint a
      successor Administrative Agent as provided for above in this Section. Upon
      the
      acceptance of a successor’s appointment as Administrative Agent hereunder, such
      successor shall succeed to and become vested with all of the rights, powers,
      privileges and duties of the retiring (or retired) Administrative Agent, and
      the
      retiring Administrative Agent shall be discharged from all of its duties and
      obligations hereunder or under the other Loan Documents (if not already
      discharged therefrom as provided above in this Section). The fees payable by
      the
      Borrower to a successor Administrative Agent shall be the same as those payable
      to its predecessor unless otherwise agreed between the Borrower and such
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    resignation
      hereunder and under the other Loan Documents, the provisions of this Article
      and
Section 11.04
      shall
      continue in effect for the benefit of such retiring Administrative Agent, its
      sub-agents and their respective Related Parties in respect of any actions taken
      or omitted to be taken by any of them while the retiring Administrative Agent
      was acting as Administrative Agent.

     

    Any
      resignation by Bank of America as Administrative Agent pursuant to this Section
      shall also constitute its resignation as L/C Issuer and Swing Line Lender.
      Upon
      the acceptance of a successor’s appointment as Administrative Agent hereunder,
      (i) such successor shall succeed to and become vested with all of the rights,
      powers, privileges and duties of the retiring L/C Issuer and Swing Line Lender,
      (ii) the retiring L/C Issuer and Swing Line Lender shall be discharged from
      all
      of their respective duties and obligations hereunder or under the other Loan
      Documents, and (iii) the successor L/C Issuer shall issue letters of credit
      in
      substitution for the Letters of Credit, if any, outstanding at the time of
      such
      succession or make other arrangements satisfactory to the retiring L/C Issuer
      to
      effectively assume the obligations of the retiring L/C Issuer with respect
      to
      such Letters of Credit.

     

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

     

    9.08  No
      Other Duties, Etc.
      Anything herein to the contrary notwithstanding, none of the Lead Arrangers,
      Syndication Agents or Documentation Agents listed on the cover page hereof
      shall
      have any powers, duties or responsibilities under this Agreement or any of
      the
      other Loan Documents, except in its capacity, as applicable, as the
      Administrative Agent, a Lender or the L/C Issuer hereunder.

     

    9.09  Administrative
      Agent May File Proofs of Claim.
      In case
      of the pendency of any proceeding under any Debtor Relief Law or any other
      judicial proceeding relative to any Loan Party, the Administrative Agent
      (irrespective of whether the principal of any Loan or L/C Obligation 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
      the 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 Loans, L/C Obligations 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 Lenders, the L/C Issuer and the
      Administrative Agent (including any claim for the reasonable compensation,
      expenses, disbursements and advances of the Lenders, the L/C Issuer and the
      Administrative Agent and their respective agents and counsel and all other
      

     

    

    
      
        
          
          

        

        
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    amounts
      due the Lenders, the L/C Issuer and the Administrative Agent under Sections
      2.03(i)
      and
(j),
      2.09
      and
11.04)
      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 and the L/C Issuer to make such payments to the Administrative Agent
      and,
      if the Administrative Agent shall consent to the making of such payments
      directly to the Lenders and the L/C Issuer, 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 2.09
      and
11.04.

     

    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 or the L/C
      Issuer any plan of reorganization, arrangement, adjustment or composition
      affecting the Obligations or the rights of any Lender or the L/C Issuer to
      authorize the Administrative Agent to vote in respect of the claim of any Lender
      or the L/C Issuer or in any such proceeding.

     

    9.10  Collateral
      and Guaranty Matters.
      The
      Lenders and the L/C Issuer irrevocably authorize the Administrative Agent,
      at
      its option and in its discretion,

     

    (a)  to
      release any Lien on any property granted to or held by the Administrative Agent
      under any Loan Document (i) upon termination of the Aggregate Commitments and
      payment in full of all Obligations (other than contingent indemnification
      obligations) and the expiration or termination of all Letters of Credit, (ii)
      that is Disposed of or to be Disposed of as part of or in connection with any
      Disposition permitted hereunder or under any other Loan Document, or (iii)
      if
      approved, authorized or ratified in writing in accordance with Section
      11.01;
      

     

    (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;
      and

     

    (c)  to
      subordinate any Lien on any property granted to or held by the Administrative
      Agent under any Loan Document to the holder of any Lien on such property that
      is
      permitted by Section
      7.01(i).

     

    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 pursuant to this
Section
      9.10.
      In each
      case as specified in this Section
      9.10,
      the
      Administrative Agent will, at the Borrower’s expense, execute and deliver to the
      applicable Loan Party such documents as such Loan Party may reasonably request
      to evidence the release of such item of Collateral from the assignment and
      security interest granted under the Collateral Documents or to subordinate
      its
      interest in such item, or to release such Guarantor from its obligations under
      the Guaranty, in each case in accordance with the terms of the Loan Documents
      and this Section
      9.10.

    

    
      
        
          
          

        

        
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ARTICLE
      X

    CONTINUING
      GUARANTY

     

    10.01  Guaranty.
      Holdings hereby absolutely and unconditionally guarantees, as a guaranty of
      payment and performance
      and not
      merely as a guaranty of collection, prompt payment when due, whether at stated
      maturity, by
      required prepayment, upon
      acceleration,
      demand
      or
      otherwise, and at all times thereafter, of any and all of the Obligations,
      whether for principal, interest, premiums, fees, indemnities, damages, costs,
      expenses or otherwise, of the Borrower to the Secured Parties, arising hereunder
      and under the other Loan Documents (including all renewals, extensions,
      amendments, refinancings and other modifications thereof and all costs,
      reasonable attorneys’ fees and expenses incurred by the Secured Parties in
      connection with the collection or enforcement thereof). The Administrative
      Agent’s books and records showing the amount of the Obligations shall be
      admissible in evidence in any action or proceeding, and shall be binding upon
      Holdings, and conclusive for the purpose of establishing the amount of the
      Obligations, absent manifest error. This Guaranty shall not be affected by
      the
      genuineness, validity, regularity or enforceability of the Obligations or any
      instrument or agreement evidencing any Obligations, or by the existence,
      validity, enforceability, perfection, non-perfection
      or extent of any collateral therefor, or by any fact or circumstance relating
      to
      the Obligations which might otherwise constitute a defense to the obligations
      of
      Holdings under this Guaranty, and Holdings hereby irrevocably waives any
      defenses it may now have or hereafter acquire in any way relating to any or
      all
      of the foregoing, whether arising as a result of any law or regulation of any
      jurisdiction or any other event affecting any term of the
      Obligations.

     

    10.02  Rights
      of Lenders.
      Holdings consents and agrees that the Secured Parties may, at any time and
      from
      time to time, without notice or demand, and without affecting the enforceability
      or continuing effectiveness hereof: (a) amend, extend, renew, compromise,
      discharge, accelerate or otherwise change the time for payment or the terms
      of
      the Obligations or any part thereof; (b) take, hold, exchange, enforce, waive,
      release, fail to perfect, sell, or otherwise dispose of any security for the
      payment of this Guaranty or any Obligations; (c) apply such security and direct
      the order or manner of sale thereof as the Administrative Agent, the L/C Issuer
      and the Lenders in their sole discretion may determine; and (d) release or
      substitute one or more of any endorsers or other guarantors of any of the
      Obligations. Without limiting the generality of the foregoing, Holdings consents
      to the taking of, or failure to take, any action which might in any manner
      or to
      any extent vary the risks of Holdings under this Guaranty or which, but for
      this
      provision, might operate as a discharge of Holdings.

     

    10.03  Certain
      Waivers.
      Holdings waives (a) any defense arising by reason of any disability or other
      defense of the Borrower or any other guarantor, or the cessation from any cause
      whatsoever (including any act or omission of any Secured Party) of the liability
      of the Borrower; (b) any defense based on any claim that Holdings’ obligations
      exceed or are more burdensome than those of the Borrower; (c) the benefit of
      any
      statute of limitations affecting Holdings’ liability hereunder; (d) subject to
Section
      10.05,
      any
      right to proceed against the Borrower, proceed against or exhaust any security
      for the Obligations, or pursue any other remedy in the power of any Secured
      Party whatsoever; (e) subject
      to Section 10.05,
      any
      benefit of and any right to participate in any security now or hereafter held
      by
      any Secured Party; and (f) to the fullest extent permitted by law, any and
      all
      other defenses or benefits that may be derived from or afforded by applicable
      law limiting the liability of or exonerating guarantors or sureties.

     

    

    
      
        
          
          

        

        
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    Holdings
      expressly waives all setoffs and counterclaims and all presentments, demands
      for
      payment or performance, notices of nonpayment or nonperformance, protests,
      notices of protest, notices of dishonor and all other notices or demands of
      any
      kind or nature whatsoever with respect to the Obligations, and all notices
      of
      acceptance of this Guaranty or of the existence, creation or incurrence of
      new
      or additional Obligations. Holdings waives any rights and defenses that are
      or
      may become available to Holdings by reason of §§ 2787 to 2855, inclusive, and §§
2899 and 3433 of the California Civil Code. As provided below, this Guaranty
      shall be governed by, and construed in accordance with, the laws of the State
      of
      New York. The foregoing waivers and the provisions hereinafter set forth in
      this
      Guaranty which pertain to California law are included solely out of an abundance
      of caution, and shall not be construed to mean that any of the above-referenced
      provisions of California law are in any way applicable to this Guaranty or
      the
      Obligations. 

     

    10.04  Obligations
      Independent.
      The
      obligations of Holdings hereunder are those of primary obligor, and not merely
      as surety, and are independent of the Obligations
      and
the
      obligations of any other guarantor, and a separate action may be brought against
      Holdings to enforce this Guaranty whether or not the Borrower or any other
      person or entity is joined as a party.
      

     

    10.05  Subrogation.
      Holdings shall not exercise any right of subrogation, contribution,
      indemnity, reimbursement
      or
      similar rights with respect to any payments it makes under this Guaranty until
      all of the Obligations and any amounts payable under this Guaranty have been
      paid in full in cash and performed in full and the Commitments and the
      Facilities are terminated. If any amounts are paid to Holdings in violation
      of
      the foregoing limitation, then such amounts shall be held in trust for the
      benefit of the Secured Parties and shall forthwith be paid to the Secured
      Parties to reduce the amount of the Obligations, whether matured or
      unmatured.

     

    10.06  Termination;
      Reinstatement.
      This
      Guaranty is a continuing and irrevocable guaranty of all Obligations now or
      hereafter existing and shall remain in full force and effect until all
      Obligations and any other amounts payable under this Guaranty are paid in full
      in cash and the Commitments and the Facilities with respect to the Obligations
      are terminated. Notwithstanding the foregoing, this Guaranty shall continue
      in
      full
      force and effect or
      be
revived,
      as the
      case may be, if
      any
      payment by or on behalf of the Borrower or Holdings is made, or any of the
      Secured Parties exercises its right of setoff,
      in
      respect of the Obligations and such payment or the proceeds of such setoff
      or any
      part thereof is subsequently invalidated, declared to be fraudulent or
      preferential, set aside or required (including pursuant to any settlement
      entered into by any of the Secured Parties in their discretion) to be repaid
      to
      a trustee, receiver or any other party, in connection with any proceeding under
      any Debtor Relief Laws or otherwise,
      all as
      if such payment had not been made or
      such
setoff
      had not
      occurred and
      whether or not the Secured Parties are in possession of or have released this
      Guaranty and regardless of any prior revocation, rescission, termination or
      reduction. The
      obligations of Holdings under this paragraph shall survive termination of this
      Guaranty.

     

    10.07  Subordination.
      Holdings hereby subordinates the payment of all obligations and indebtedness
      of
      the Borrower owing to Holdings, whether now existing or hereafter arising,
      including but not limited to any obligation of the Borrower to Holdings as
      

     

    

    
      
        
          
          

        

        
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    subrogee
      of the Secured Parties or resulting from Holdings’ performance under this
      Guaranty, to the payment in full in cash of all Obligations. If the Secured
      Parties so request, any such obligation
      or indebtedness of the Borrower to Holdings shall be enforced and performance
      received by Holdings as trustee for the Secured
      Parties
      and the
      proceeds thereof shall be paid over to the Secured
      Parties on
      account of the Obligations, but without reducing or affecting in any manner
      the
      liability of Holdings under this Guaranty.

     

    10.08  Stay
      of Acceleration.
      If
      acceleration of the time for payment of any of the Obligations is stayed, in
      connection with any case commenced by or against Holdings or the Borrower under
      any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be
      payable by Holdings immediately upon demand by the Secured Parties.

     

    10.09  Condition
      of Borrower.
      Holdings acknowledges and agrees that it has the sole responsibility for, and
      has adequate means of, obtaining from the Borrower and
      any
      other guarantor such
      information concerning the financial condition,
      business and operations of the Borrower and
      any
      such other guarantor as
      Holdings requires, and that none of the Secured Parties has any duty, and
      Holdings is not relying on the Secured Parties at any time, to disclose to
      Holdings any information relating to the business, operations or financial
      condition of the Borrower
      or any
      other guarantor (Holdings waiving any duty on the part of the Secured Parties
      to
      disclose such information and any defense relating to the failure to provide
      the
      same).

     

    10.10  Additional
      Guarantor Waivers and Agreements.
      (a) Holdings
      understands and acknowledges that if the Secured Parties foreclose judicially
      or
      nonjudicially against any real property security for the Obligations, that
      foreclosure could impair or destroy any ability that Holdings may have to seek
      reimbursement, contribution, or indemnification from the Borrower or others
      based on any right Holdings may have of subrogation, reimbursement,
      contribution, or indemnification for any amounts paid by Holdings under this
      Guaranty. Holdings further understands and acknowledges that in the absence
      of
      this paragraph, such potential impairment or destruction of Holdings’ rights, if
      any, may entitle Holdings to assert a defense to this Guaranty based on Section
      580d of the California Code of Civil Procedure as interpreted in Union
      Bank v. Gradsky,
      265
      Cal. App. 2d 40 (1968). By executing this Guaranty, Holdings freely,
      irrevocably, and unconditionally: (i) waives and relinquishes that defense
      and
      agrees that Holdings will be fully liable under this Guaranty even though the
      Secured Parties may foreclose, either by judicial foreclosure or by exercise
      of
      power of sale, any deed of trust securing the Obligations; (ii) agrees that
      Holdings will not assert that defense in any action or proceeding which the
      Secured Parties may commence to enforce this Guaranty; (iii) acknowledges and
      agrees that the rights and defenses waived by Holdings in this Guaranty include
      any right or defense that Holdings may have or be entitled to assert based
      upon
      or arising out of any one or more of §§ 580a, 580b, 580d, or 726 of the
      California Code of Civil Procedure or § 2848 of the California Civil Code; and
      (iv) acknowledges and agrees that the Secured Parties are relying on this waiver
      in creating the Obligations, and that this waiver is a material part of the
      consideration which the Secured Parties are receiving for creating the
      Obligations.

     

    (b)  Holdings
      waives all rights and defenses that Holdings may have because any of the
      Obligations is secured by real property. This means, among other things: (i)
      the
      Secured Parties may collect from Holdings without first foreclosing on any
      real
      or personal property collateral pledged by the other Loan Parties; and (ii)
      if
      the Secured Parties foreclose on 

     

    

    
      
        
          
          

        

        
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    any
      real
      property collateral pledged by the other Loan Parties: (A) the amount of the
      Obligations may be reduced only by the price for which that collateral is sold
      at the foreclosure sale, even if the collateral is worth more than the sale
      price, and (B) the Secured Parties may collect from Holdings even if the Secured
      Parties, by foreclosing on the real property collateral, have destroyed any
      right Holdings may have to collect from the Borrower. This is an unconditional
      and irrevocable waiver of any rights and defenses Holdings may have because
      any
      of the Obligations is secured by real property. These rights and defenses
      include, but are not limited to, any rights or defenses based upon § 580a, 580b,
      580d, or 726 of the California Code of Civil Procedure.

     

    (c)  Holdings
      waives any right or defense it may have at law or equity, including California
      Code of Civil Procedure § 580a, to a fair market value hearing or action to
      determine a deficiency judgment after a foreclosure.

     

    ARTICLE
      XI

    MISCELLANEOUS

     

    11.01  Amendments,
      Etc.
      

     

    (a)  Required
      Lender and Unanimous Consent.
      No
      amendment or waiver of any provision of this Agreement or any other Loan
      Document, and no consent to any departure by the Borrower or any other Loan
      Party therefrom, shall be effective unless in writing signed by the Required
      Lenders and the Borrower or the applicable Loan Party, as the case may be,
      and
      acknowledged by the Administrative Agent, and each 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:

     

    (i)  waive
      any
      condition set forth in Section
      4.01
      (other
      than Section
      4.01(b)(i) or
      (c)),
      or, in
      the case of the initial Credit Extension, Section 4.02,
      without
      the written consent of each Lender;

     

    (ii)  without
      limiting the generality of clause (a) above, waive any condition set forth
      in
Section
      4.02
      as to
      any Credit Extension under the Revolving Credit Facility without the written
      consent of the Required Revolving Lenders;

     

    (iii)  extend
      or
      increase the Commitment of any Lender (or reinstate any Commitment terminated
      pursuant to Section
      8.02)
      without
      the written consent of such Lender;

     

    (iv)  postpone
      any date fixed by this Agreement or any other Loan Document for any
      payment (excluding
      mandatory prepayments) of principal, interest, fees or other amounts due to
      the
      Lenders (or any of them) hereunder or under such other Loan Document without
      the
      written consent of each Lender entitled to such payment;

     

    (v)  reduce
      the principal of, or the rate of interest specified herein on, any Loan or
      L/C
      Borrowing, or (subject to clause (D) of the second proviso to this Section
      11.01(a))
      any
      fees or other amounts payable hereunder or under any other Loan Document,
      without the written consent of each Lender entitled to such amount; provided,
      

     

    

    
      
        
          
          

        

        
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    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 or Letter of Credit Fees 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 Loan
      or
      L/C Borrowing or to reduce any fee payable hereunder;

     

    (vi)  change
      (i) Section
      2.13
      or
Section
      8.03
      in a
      manner that would alter the pro rata sharing of payments required thereby
      without the written consent of each Lender or (ii) the order of application
      of
      any reduction in the Commitments or any prepayment of Loans among the Facilities
      from the application thereof set forth in the applicable provisions of
Section 2.05(b)
      or
2.06(b),
      respectively, in any manner that materially and adversely affects the Lenders
      under a Facility without the written consent of (i) if such Facility is the
      Term B Facility, the Required Term B Lenders, (ii) if such Facility is an
      Additional Term Facility, the Required Additional Term Lenders and (iii) if
      such Facility is the Revolving Credit Facility, the Required Revolving
      Lenders;

     

    (vii)  change
      (A) any provision of this Section
      11.01
      or the
      definition of “Required Lenders” or 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 (other
      than the definitions specified in clause (B) of this Section
      11.01(vii)),
      without the written consent of each Lender or (B) the definition of “Required
      Revolving Lenders,” “Required Term Lenders,” “Required Term B Lenders” or
“Required Additional Term Lenders” without the written consent of each Lender
      under the applicable Facility;

     

    (viii)  subject
      to Section
      9.10,
      release
      all or substantially all of the Collateral in any transaction or series of
      related transactions, without the written consent of each Lender; 

     

    (ix)  subject
      to Section
      9.10,
      release
      all or substantially all of the value of the Guaranty, without the written
      consent of each Lender; or

     

    (x)  impose
      any greater restriction on the ability of any Lender under a Facility to assign
      any of its rights or obligations hereunder without the written consent of (A)
      if
      such Facility is the Term B Facility, the Required Term B Lenders, (B) if such
      Facility is an Additional Term Facility, the Required Additional Term Lenders
      and (C) if such Facility is the Revolving Credit Facility, the Required
      Revolving Lenders;

     

    and
      provided,
      further,
      that
      (A) no amendment, waiver or consent shall, unless in writing and signed by
      the
      L/C Issuer in addition to the Lenders required above, affect the rights or
      duties of the L/C Issuer under this Agreement or any Issuer Document relating
      to
      any Letter of Credit issued or to be issued by it; (B) no amendment, waiver
      or
      consent shall, unless in writing and signed by the Swing Line Lender in addition
      to the Lenders required above, affect the rights or duties of the Swing Line
      Lender under this Agreement; (C) no amendment, waiver or consent shall, unless
      in writing and signed by the Administrative Agent in addition to the Lenders
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    any
      other
      Loan Document; and (D) the Fee Letters may be amended, or rights or privileges
      thereunder waived, in a writing executed only by the parties thereto.

     

    (b)  Defaulting
      Lenders.
      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.

     

    (c)  Replacement
      of Non-Consenting Lenders.
      If any
      Lender does not consent to a proposed amendment, waiver, consent or release
      with
      respect to any Loan Document that requires the consent of each Lender and that
      has been approved by the Required Lenders, the Borrower may replace such
      non-consenting Lender in accordance with Section
      11.13;
      provided
      that
      such amendment, waiver, consent or release can be effected as a result of the
      assignment contemplated by such Section (together with all other such
      assignments required by the Borrower to be made pursuant to this
      paragraph).

     

    11.02  Notices;
      Effectiveness; Electronic Communications.
      

     

    (a)  Notices
      Generally.
      Except
      in the case of notices and other communications expressly permitted to be given
      by telephone (and except as provided in subsection (b) below), all notices
      and
      other communications provided for herein shall be in writing and shall be
      delivered by hand or overnight courier service, mailed by certified or
      registered mail or sent by telecopier as follows, and all notices and other
      communications expressly permitted hereunder to be given by telephone shall
      be
      made to the applicable telephone number, as follows:

     

    (i)  if
      to
      Holdings, the Borrower, the Administrative Agent, the L/C Issuer or the Swing
      Line Lender, to the address, telecopier number, electronic mail address or
      telephone number specified for such Person on Schedule
      11.02;
      and

     

    (ii)  if
      to any
      other Lender, to the address, telecopier number, electronic mail address or
      telephone number specified in its Administrative Questionnaire.

     

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

     

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

     

    

    
      
        
          
          

        

        
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    communications
      pursuant to procedures approved by it, provided
      that
      approval of such procedures may be limited to particular notices or
      communications.

     

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

     

    (c)  The
      Platform.
      THE
      PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED
      BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS
      OR
      THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN
      OR
      OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED
      OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A
      PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM
      VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH
      THE
      BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent
      or any of its Related Parties (collectively, the “Agent
      Parties”)
      have
      any liability to Holdings, the Borrower, any Lender, the L/C Issuer or any
      other
      Person for losses, claims, damages, liabilities or expenses of any kind (whether
      in tort, contract or otherwise) arising out of the Borrower’s or the
      Administrative Agent’s transmission of Borrower Materials through the Internet,
      except to the extent that such losses, claims, damages, liabilities or expenses
      are determined by a court of competent jurisdiction by a final judgment to
      have
      resulted from the gross negligence or willful misconduct of such Agent Party;
      provided,
      however,
      that in
      no event shall any Agent Party have any liability to Holdings, the Borrower,
      any
      Lender, the L/C Issuer or any other Person for indirect, special, incidental,
      consequential or punitive damages (as opposed to direct or actual
      damages).

     

    (d)  Change
      of Address, Etc.
      Each of
      Holdings, the Borrower, the Administrative Agent, the L/C Issuer and the Swing
      Line Lender may change its address, telecopier or telephone number for notices
      and other communications hereunder by notice to the other parties hereto. Each
      other Lender may change its address, telecopier or telephone number for notices
      and other communications hereunder by notice to the Borrower, the Administrative
      Agent, the L/C Issuer and the Swing Line Lender. In addition, each Lender agrees
      to notify the Administrative Agent from time to time to ensure that the
      Administrative Agent has on record (i) an effective address, contact name,
      telephone number, telecopier number and electronic mail address to which notices
      and other communications may be sent and (ii) accurate wire instructions for
      such Lender.

    

      
        
          
          

        

        
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    (e)  Reliance
      by Administrative Agent, L/C Issuer and Lenders. The
      Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely
      and act upon any notices (including telephonic Loan Notices and Swing Line
      Loan
      Notices) purportedly given by or on behalf of the Borrower even if (i) such
      notices were not made in a manner specified herein, were incomplete or were
      not
      preceded or followed by any other form of notice specified herein, or (ii)
      the
      terms thereof, as understood by the recipient, varied from any confirmation
      thereof. The Borrower shall indemnify the Administrative Agent, the L/C Issuer,
      each Lender and the Related Parties of each of them from all losses, costs,
      expenses and liabilities resulting from the reliance by such Person on each
      notice purportedly given by or on behalf of the Borrower, except to the extent
      that such losses, costs, expenses or liabilities are determined by a final
      judgment of a court of competent jurisdiction to have resulted from the gross
      negligence or willful misconduct of such Person. All telephonic notices to
      and
      other telephonic communications with the Administrative Agent may be recorded
      by
      the Administrative Agent, and each of the parties hereto hereby consents to
      such
      recording.

     

    11.03  No
      Waiver; Cumulative Remedies.
      No
      failure by any Lender, the L/C Issuer or the Administrative Agent to exercise,
      and no delay by any such Person in exercising, any right, remedy, power or
      privilege hereunder or under any other Loan Document shall operate as a waiver
      thereof; nor shall any single or partial exercise of any right, remedy, power
      or
      privilege hereunder preclude any other or further exercise thereof or the
      exercise of any other right, remedy, power or privilege. The rights, remedies,
      powers and privileges herein provided, and provided under each other Loan
      Document, are cumulative and not exclusive of any rights, remedies, powers
      and
      privileges provided by law.

     

    11.04  Expenses;
      Indemnity; Damage Waiver.
      

     

    (a)  Costs
      and Expenses.
      The
      Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by
      the Administrative Agent and its Affiliates (including the reasonable fees,
      charges and disbursements of counsel for the Administrative Agent, but excluding
      any costs of maintaining the Platform), in connection with the syndication
      of
      the credit facilities provided for herein, the preparation, negotiation,
      execution, delivery and administration of this Agreement and the other Loan
      Documents or any amendments, modifications or waivers of the provisions hereof
      or thereof (whether or not the transactions contemplated hereby or thereby
      shall
      be consummated), (ii) all reasonable out-of-pocket expenses incurred by the
      L/C Issuer in connection with the issuance, amendment, renewal or extension
      of
      any Letter of Credit or any demand for payment thereunder and (iii) all
      out-of-pocket expenses incurred by the Administrative Agent, any Lender or
      the
      L/C Issuer (including the reasonable fees, charges and disbursements of any
      counsel for the Administrative Agent, any Lender or the L/C Issuer), and shall
      pay all reasonable, allocated fees and time charges for attorneys who may be
      employees of the Administrative Agent, any Lender or the L/C Issuer, in
      connection with the enforcement or protection of its rights (A) in connection
      with this Agreement and the other Loan Documents, including its rights under
      this Section, or (B) in connection with Loans made or Letters of Credit issued
      hereunder, including all such out-of-pocket expenses incurred during any
      workout, restructuring or negotiations in respect of such Loans or Letters
      of
      Credit.

     

    (b)  Indemnification
      by the Borrower.
      The
      Borrower shall indemnify the Administrative Agent (and any sub-agent thereof),
      each Lender and the L/C Issuer, and each 

     

    

    
      
        
          
          

        

        
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    Related
      Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”)
      against, and hold each Indemnitee harmless from, any and all losses, claims,
      damages, liabilities, penalties and related expenses (including the reasonable
      fees, charges and disbursements of any counsel for any Indemnitee), and shall
      indemnify and hold harmless each Indemnitee from all reasonable, allocated
      fees
      and time charges and disbursements for attorneys who may be employees of any
      Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by
      any
      third party or by the Borrower or any other Loan Party arising out of, in
      connection with, or as a result of (i) the execution or delivery of this
      Agreement, any other Loan Document or any agreement or instrument contemplated
      hereby or thereby, the performance by the parties hereto of their respective
      obligations hereunder or thereunder or the consummation of the transactions
      contemplated hereby or thereby, or, in the case of the Administrative Agent
      (and
      any sub-agent thereof) and its Related Parties only, the administration of
      this
      Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit
      or the use or proposed use of the proceeds therefrom (including any refusal
      by
      the L/C Issuer to honor a demand for payment under a Letter of Credit if the
      documents presented in connection with such demand do not strictly comply with
      the terms of such Letter of Credit), (iii) any actual or alleged presence
      or release of Hazardous Materials on or from any property owned or operated
      by
      the Borrower or any of its Subsidiaries, or any Environmental Liability related
      in any way to the Borrower or any of its Subsidiaries, or (iv) any actual
      or prospective claim, litigation, investigation or proceeding relating to any
      of
      the foregoing, whether based on contract, tort or any other theory, whether
      brought by a third party or by the Borrower or any other Loan Party or any
      of
      the Borrower’s or such Loan Party’s directors, shareholders or creditors, and
      regardless of whether any Indemnitee is a party thereto, in all cases, whether
      or not caused by or arising, in whole or in part, out of the comparative,
      contributory or sole negligence of the Indemnitee; provided
      that
      such indemnity shall not, as to any Indemnitee, be available to the extent
      that
      such losses, claims, damages, liabilities or related expenses (x) are
      determined by a court of competent jurisdiction by final judgment to have
      resulted from the gross negligence or willful misconduct of such Indemnitee
      or
      (y) result from a claim brought by the Borrower or any other Loan Party
      against an Indemnitee for breach in bad faith of such Indemnitee's obligations
      hereunder or under any other Loan Document, if the Borrower or such Loan Party
      has obtained a final judgment in its favor on such claim as determined by a
      court of competent jurisdiction. 

     

    (c)  Reimbursement
      by Lenders.
      To the
      extent that the Borrower for any reason fails to pay any amount required under
      subsection (a) or (b) of this Section to be paid by it to the
      Administrative Agent (or any sub-agent thereof), the L/C Issuer or any Related
      Party of any of the foregoing, each Lender severally agrees to pay to the
      Administrative Agent (or any such sub-agent), the L/C Issuer or such Related
      Party, as the case may be, such Lender’s Applicable Percentage (determined as of
      the time that the applicable unreimbursed expense or indemnity payment is
      sought) of such unpaid amount, provided
      that the
      unreimbursed expense or indemnified loss, claim, damage, liability or related
      expense, as the case may be, was incurred by or asserted against the
      Administrative Agent (or any such sub-agent) or the L/C Issuer in its capacity
      as such, or against any Related Party of any of the foregoing acting for the
      Administrative Agent (or any such sub-agent) or L/C Issuer in connection with
      such capacity. The obligations of the Lenders under this subsection (c) are
      subject to the provisions of Section 2.12(d).

    

      
        
          
          

        

        
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    (d)  Waiver
      of Consequential Damages, Etc.
      To the
      fullest extent permitted by applicable law, neither the Borrower nor any
      Indemnitee shall assert, and each of the Borrower and the Indemnitees hereby
      waives, any claim against the Borrower, any other Loan Party or any Indemnitee,
      on any theory of liability, for special, indirect, consequential or punitive
      damages (as opposed to direct or actual damages) arising out of, in connection
      with, or as a result of, this Agreement, any other Loan Document or any
      agreement or instrument contemplated hereby, the transactions contemplated
      hereby or thereby, any Loan or Letter of Credit or the use of the proceeds
      thereof. No Indemnitee referred to in subsection (b) above shall be liable
      for
      any damages arising from the use by unintended recipients of any information
      or
      other materials distributed to such unintended recipients by such Indemnitee
      through telecommunications, electronic or other information transmission systems
      in connection with this Agreement or the other Loan Documents or the
      transactions contemplated hereby or thereby other than for direct or actual
      damages resulting from the gross negligence or willful misconduct of such
      Indemnitee as determined by a final judgment of a court of competent
      jurisdiction.

     

    (e)  Payments.
      All
      amounts due under this Section shall be payable not later than ten Business
      Days
      after demand therefor.

     

    (f)  Survival.
      The
      agreements in this Section shall survive the resignation of the Administrative
      Agent, the L/C Issuer and the Swing Line Lender, the replacement of any Lender,
      the termination of the Aggregate Commitments and the repayment, satisfaction
      or
      discharge of all the other Obligations. 

     

    11.05  Payments
      Set Aside.
      To the
      extent that any payment by or on behalf of the Borrower is made to the
      Administrative Agent, the L/C Issuer or any Lender, or the Administrative Agent,
      the L/C Issuer or any Lender exercises its right of setoff, and such payment
      or
      the proceeds of such setoff or any part thereof is subsequently invalidated,
      declared to be fraudulent or preferential, set aside or required (including
      pursuant to any settlement entered into by the Administrative Agent, the L/C
      Issuer or such Lender in its discretion) to be repaid to a trustee, receiver
      or
      any other party, in connection with any proceeding under any Debtor Relief
      Law
      or otherwise, then (a) to the extent of such recovery, the obligation or part
      thereof originally intended to be satisfied shall be revived and continued
      in
      full force and effect as if such payment had not been made or such setoff had
      not occurred, and (b) each Lender and the L/C Issuer severally agrees to pay
      to
      the Administrative Agent upon demand its applicable share (without duplication)
      of any amount so recovered from or repaid by the Administrative Agent,
plus
      interest
      thereon from the date of such demand to the date such payment is made at a
      rate
      per annum equal to the Federal Funds Rate from time to time in effect. The
      obligations of the Lenders and the L/C Issuer under clause (b) of the preceding
      sentence shall survive the payment in full of the Obligations and the
      termination of this Agreement.

     

    11.06  Successors
      and Assigns.
      

     

    (a)  Successors
      and Assigns Generally.
      The
      provisions of this Agreement shall be binding upon and inure to the benefit
      of
      the parties hereto and their respective successors and assigns permitted hereby,
      except that neither the Borrower nor any other Loan Party may assign or
      otherwise transfer any of its rights or obligations hereunder or under the
      other
      Loan Documents (except in connection with any transaction permitted by
Section
      7.04(a),
      (d)
      or
(e))
      

     

    

    
      
        
          
          

        

        
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    without
      the prior written consent of the Administrative Agent and each Lender, and
      no
      Lender may assign or otherwise transfer any of its rights or obligations
      hereunder except (i) to an assignee in accordance with the provisions of
Section
      11.06(b),
      (ii) by
      way of participation in accordance with the provisions of Section
      11.06(d),
      or
      (iii) by way of pledge or assignment of a security interest subject to the
      restrictions of Section
      11.06(f)
      (and any
      other attempted assignment or transfer by any party hereto shall be null and
      void). Nothing in this Agreement, expressed or implied, shall be construed
      to
      confer upon any Person (other than the parties hereto, their respective
      successors and assigns permitted hereby, Participants to the extent provided
      in
      subsection (d) of this Section and, to the extent expressly contemplated hereby,
      the Related Parties of each of the Administrative Agent, the L/C Issuer and
      the
      Lenders) any legal or equitable right, remedy or claim under or by reason of
      this Agreement.

     

    (b)  Assignments
      by Lenders.
      Any
      Lender may at any time assign to one or more assignees all or a portion of
      its
      rights and obligations under this Agreement (including all or a portion of
      its
      Commitment(s) and the Loans (including for purposes of this Section
      11.06(b),
      participations in L/C Obligations and in Swing Line Loans) at the time owing
      to
      it); provided
      that any
      such assignment shall be subject to the following conditions:

     

    (i)  Minimum
      Amounts.

     

    (A)  in
      the
      case of an assignment of the entire remaining amount of the assigning Lender’s
      Commitment under any Facility and the Loans at the time owing to it under such
      Facility or in the case of an assignment to a Lender, an Affiliate of a Lender
      or an Approved Fund, no minimum amount need be assigned; and

     

    (B)  in
      any
      case not described in subsection (b)(i)(A) of this Section, the aggregate amount
      of the Commitment (which for this purpose includes Loans outstanding thereunder)
      or, if the Commitment is not then in effect, the principal outstanding balance
      of the Loans of the assigning Lender subject to each such assignment, 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, shall not be less than
      $5,000,000, in the case of any assignment in respect of the Revolving Credit
      Facility, or $1,000,000, in the case of any assignment in respect of any Term
      Facility, unless each of the Administrative Agent and, so long as no Event
      of
      Default has occurred and is continuing, the Borrower otherwise consents (each
      such consent not to be unreasonably withheld or delayed); provided,
      however,
      that
      concurrent assignments to members of an Assignee Group and concurrent
      assignments from members of an Assignee Group to a single Eligible Assignee
      (or
      to an Eligible Assignee and members of its Assignee Group) will be treated
      as a
      single assignment for purposes of determining whether such minimum amount has
      been met;

     

    (ii)  Proportionate
      Amounts.
      Each
      partial assignment shall be made as an assignment of a proportionate part of
      all
      the assigning Lender’s rights and obligations under this Agreement with respect
      to the Loans or the Commitment assigned, except that 

     

    

    
      
        
          
          

        

        
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    this
      clause (ii) shall not (A) apply to the Swing Line Lender’s rights and
      obligations in respect of Swing Line Loans or (B) prohibit any Lender from
      assigning all or a portion of its rights and obligations among separate
      Facilities on a non-pro rata basis;

     

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

     

    (A)  the
      consent of the Borrower (such consent not to be unreasonably withheld or
      delayed) shall be required unless (1) an Event of Default has occurred and
      is
      continuing at the time of such assignment or (2) such assignment is to a Lender,
      an Affiliate of a Lender or an Approved Fund;

     

    (B)  the
      consent of the Administrative Agent (such consent not to be unreasonably
      withheld or delayed) shall be required for assignments in respect of (i) any
      Term Commitment or Revolving Credit Commitment if such assignment is to a Person
      that is not a Lender with a Commitment in respect of the applicable Facility,
      an
      Affiliate of such Lender or an Approved Fund with respect to such Lender or
      (ii)
      any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or
      an
      Approved Fund; 

     

    (C)  the
      consent of the L/C Issuer (such consent not to be unreasonably withheld or
      delayed) shall be required for any assignment that increases the obligation
      of
      the assignee to participate in exposure under one or more Letters of Credit
      (whether or not then outstanding); and

     

    (D)  the
      consent of the Swing Line Lender (such consent not to be unreasonably withheld
      or delayed) shall be required for any assignment in respect of the Revolving
      Credit Facility.

     

    (iv)  Assignment
      and Assumption.
      The
      parties to each assignment shall execute and deliver to the Administrative
      Agent
      an Assignment and Assumption, together with a processing and recordation fee
      in
      the amount, if any, required as set forth in Schedule
      11.06;
      provided,
      however,
      that
      the Administrative Agent may, in its sole discretion, elect to waive such
      processing and recordation fee in the case of any assignment. The assignee,
      if
      it shall not be a Lender, shall deliver to the Administrative Agent an
      Administrative Questionnaire.

     

    (v)  No
      Assignment to Borrower.
      No such
      assignment shall be made to the Borrower or any of the Borrower’s Affiliates or
      Subsidiaries.

     

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

     

    Subject
      to acceptance and recording thereof by the Administrative Agent pursuant to
      subsection (c) of this Section, from and after the effective date specified
      in each Assignment and Assumption, the assignee thereunder shall be a party
      to
      this Agreement and, to the extent of the interest assigned by such Assignment
      and Assumption, have the rights and obligations of a Lender under this
      Agreement, and the assigning Lender thereunder shall, to the extent of the
      

     

    

    
      
        
          
          

        

        
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    interest
      assigned by such Assignment and Assumption, be released from its obligations
      under this Agreement (and, in the case of an Assignment and Assumption covering
      all of the assigning Lender’s rights and obligations under this Agreement, such
      Lender shall cease to be a party hereto but shall continue to be entitled to
      the
      benefits of Sections
      3.01,
      3.04,
      3.05
      and
11.04
      with
      respect to facts and circumstances occurring prior to the effective date of
      such
      assignment). Upon request, the Borrower (at its expense) shall execute and
      deliver a Note to the assignee Lender. Any assignment or transfer by a Lender
      of
      rights or obligations under this Agreement that does not comply with this
      subsection shall be treated for purposes of this Agreement as a sale by such
      Lender of a participation in such rights and obligations in accordance with
      Section
      11.06(d).

     

    (c)  Register.
      The
      Administrative Agent, acting solely for this purpose as an agent of the
      Borrower, shall maintain at the Administrative Agent’s Office a copy of each
      Assignment and Assumption delivered to it and a register for the recordation
      of
      the names and addresses of the Lenders, and the Commitments of, and principal
      amounts of the Loans and L/C Obligations owing to, each Lender pursuant to
      the
      terms hereof from time to time (the “Register”).
      The
      entries in the Register shall be conclusive, and the Borrower, the
      Administrative Agent and the Lenders may treat each Person whose name is
      recorded in the Register pursuant to the terms hereof as a Lender hereunder
      for
      all purposes of this Agreement, notwithstanding notice to the contrary. The
      Register shall be available for inspection by the Borrower and any Lender,
      at
      any reasonable time and from time to time upon reasonable prior
      notice.

     

    (d)  Participations.
      Any
      Lender may at any time, without the consent of, or notice to, the Borrower
      or
      the Administrative Agent, sell participations to any Person (other than a
      natural person or the Borrower or any of the Borrower’s Affiliates or
      Subsidiaries) (each, a “Participant”)
      in all
      or a portion of such Lender’s rights and/or obligations under this Agreement
      (including all or a portion of its Commitment and/or the Loans (including such
      Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to
      it); provided
      that
      (i) such Lender’s obligations under this Agreement shall remain unchanged,
      (ii) such Lender shall remain solely responsible to the other parties
      hereto for the performance of such obligations and (iii) the Borrower, the
      Administrative Agent, the Lenders and the L/C Issuer shall continue to deal
      solely and directly with such Lender in connection with such Lender’s rights and
      obligations under this Agreement. Any agreement or instrument pursuant to which
      a Lender sells such a participation shall provide that such Lender shall retain
      the sole right to enforce this Agreement and to approve any amendment,
      modification or waiver of any provision of this Agreement; provided
      that
      such agreement or instrument may provide that such Lender will not, without
      the
      consent of the Participant, agree to any amendment, waiver or other modification
      described in the first proviso to Section
      11.01(a)
      that
      affects such Participant. Subject to subsection
      (e)
      of this
      Section, the Borrower agrees that each Participant shall be entitled to the
      benefits of Sections 3.01,
      3.04
      and
3.05 to
      the
      same extent as if it were a Lender and had acquired its interest by assignment
      pursuant to Section
      11.06(b).
      To the
      extent permitted by law, each Participant also shall be entitled to the benefits
      of Section 11.08 as
      though
      it were a Lender, provided
      such
      Participant agrees to be subject to Section
      2.13
      as
      though it were a Lender.

     

    (e)  Limitations
      upon Participant Rights.
      A
      Participant shall not be entitled to receive any greater payment under
Section
      3.01, 3.04 or
      3.05
      than the
      applicable Lender would 

     

    

    
      
        
          
          

        

        
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    have
      been
      entitled to receive with respect to the participation sold to such Participant,
      unless the sale of the participation to such Participant is made with the
      Borrower’s prior written consent. A Participant that would be a Foreign Lender
      if it were a Lender shall not be entitled to the benefits of Section 3.01
      unless
      the Borrower is notified of the participation sold to such Participant and
      such
      Participant agrees, for the benefit of the Borrower, to comply with Section
      3.01(e)
      as
      though it were a Lender.

     

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

     

    (g)  Electronic
      Execution of Assignments.
      The
      words “execution,” “signed,” “signature,” and words of like import in any
      Assignment and Assumption shall be deemed to include electronic signatures
      or
      the keeping of records in electronic form, each of which shall be of the same
      legal effect, validity or enforceability as a manually executed signature or
      the
      use of a paper-based recordkeeping system, as the case may be, to the extent
      and
      as provided for in any applicable law, including the Federal Electronic
      Signatures in Global and National Commerce Act, the New York State Electronic
      Signatures and Records Act, or any other similar state laws based on the Uniform
      Electronic Transactions Act.

     

    (h)  Resignation
      as L/C Issuer or Swing Line Lender after Assignment.
      Notwithstanding anything to the contrary contained herein, if at any time Bank
      of America assigns all of its Revolving Credit Commitments and Revolving Credit
      Loans pursuant to Section
      11.06(b),
      Bank of
      America may, (i) upon 30 days’ notice to the Borrower and the Lenders, resign as
      L/C Issuer and/or (ii) upon 30 days’ notice to the Borrower, resign as Swing
      Line Lender. In the event of any such resignation as L/C Issuer or Swing Line
      Lender, the Borrower shall be entitled to appoint from among the Lenders a
      successor L/C Issuer or Swing Line Lender hereunder; provided,
      however,
      that no
      failure by the Borrower to appoint any such successor shall affect the
      resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case
      may be. If Bank of America resigns as L/C Issuer, it shall retain all the
      rights, powers, privileges and duties of the L/C Issuer hereunder with respect
      to all Letters of Credit outstanding as of the effective date of its resignation
      as L/C Issuer and all L/C Obligations with respect thereto (including the right
      to require the Lenders to make Base Rate Loans or fund risk participations
      in
      Unreimbursed Amounts pursuant to Section
      2.03(c)).
      If
      Bank of America resigns as Swing Line Lender, it shall retain all the rights
      of
      the Swing Line Lender provided for hereunder with respect to Swing Line Loans
      made by it and outstanding as of the effective date of such resignation,
      including the right to require the Lenders to make Base Rate Loans or fund
      risk
      participations in outstanding Swing Line Loans pursuant to Section
      2.04(c).
      Upon
      the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such
      successor shall succeed to and become vested with all of the rights, powers,
      privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the
      case may be, and (b) the successor L/C Issuer shall issue letters of credit
      in
      substitution for the Letters of Credit, if any, outstanding at the time of
      such
      succession or make other arrangements satisfactory to Bank of America to
      effectively assume the obligations of Bank of America with respect to such
      Letters of Credit.

    

      
        
          
          

        

        
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    11.07  Treatment
      of Certain Information; Confidentiality.
      Each of
      the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain
      the
      confidentiality of the Information (as defined below), except that Information
      may be disclosed (a) to its Affiliates and to its and its Affiliates’
respective partners, directors, officers, employees, agents, advisors and
      representatives (it being understood that the Persons to whom such disclosure
      is
      made will be informed of the confidential nature of such Information and
      instructed to keep such Information confidential), (b) to the extent
      requested by any regulatory authority purporting to have jurisdiction over
      it
      (including any self-regulatory authority, such as the National Association
      of
      Insurance Commissioners), (c) to the extent required by applicable laws or
      regulations or by any subpoena or similar legal process (provided, that in
      the
      event of any such disclosure under this clause (c), the Administrative Agent,
      such Lender or the L/C Issuer, as the case may be, agrees to use commercially
      reasonable efforts to inform the Borrower of such disclosure to the extent
      not
      prohibited by Law), (d) to any other party hereto, (e) in connection with the
      exercise of any remedies hereunder or under any other Loan Document or any
      action or proceeding relating to this Agreement or any other Loan Document
      or
      the enforcement of rights hereunder or thereunder, (f) subject to an agreement
      containing provisions substantially the same as those of this Section, to (i)
      any assignee of or Participant in, or any prospective assignee of or Participant
      in, any of its rights or obligations under this Agreement or (ii) any actual
      or
      prospective counterparty (or its advisors) to any swap or derivative transaction
      relating to the Borrower and its obligations, (g) with the consent of the
      Borrower or (h) to the extent such Information (i) becomes publicly
      available other than as a result of a breach of this Section or
      (ii) becomes available to the Administrative Agent, any Lender, the L/C
      Issuer or any of their respective Affiliates on a nonconfidential basis from
      a
      source other than the Borrower (other than through a Person whom the
      Administrative Agent, such Lender or the L/C Issuer actually knows to be acting
      in violation of his or its obligations to the Borrower or any other Loan
      Party).

     

    For
      purposes of this Section, “Information”
means
      all information received from any Loan Party or any Subsidiary thereof relating
      to any Loan Party or any Subsidiary thereof or their respective businesses,
      other than any such information that is available to the Administrative Agent,
      any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure
      by
      any Loan Party or any Subsidiary thereof, provided
      that, in
      the case of information received from a Loan Party or any such Subsidiary after
      the date hereof, such information is clearly identified at the time of delivery
      as confidential. Any Person required to maintain the confidentiality of
      Information as provided in this Section shall be considered to have complied
      with its obligation to do so if such Person has exercised the same degree of
      care to maintain the confidentiality of such Information as such Person would
      accord to its own confidential information.

     

    Each
      of
      the Administrative Agent, the Lenders and the L/C Issuer acknowledges that
      (a)
      the Information may include material non-public information concerning the
      Borrower or a Subsidiary, as the case may be, (b) it has developed compliance
      procedures regarding the use of material non-public information and (c) it
      will
      handle such material non-public information in accordance with applicable Law,
      including Federal and state securities Laws.

     

    11.08  Right
      of Setoff.
      If an
      Event of Default shall have occurred and be continuing, each Lender, the L/C
      Issuer and each of their respective Affiliates is hereby authorized at any
      time
      and from time to time, after obtaining the prior written consent of the

     

    

    
      
        
          
          

        

        
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    Administrative
      Agent, to the fullest extent permitted by applicable law, to set off and apply
      any and all deposits (general or special, time or demand, provisional or final,
      in whatever currency) at any time held and other obligations (in whatever
      currency) at any time owing by such Lender, the L/C Issuer or any such Affiliate
      to or for the credit or the account of Holdings, the Borrower or any other
      Loan
      Party against any and all of the obligations of Holdings, the Borrower or such
      Loan Party now or hereafter existing under this Agreement or any other Loan
      Document to such Lender or the L/C Issuer, irrespective of whether or not such
      Lender or the L/C Issuer shall have made any demand under this Agreement or
      any
      other Loan Document and although such obligations of Holdings, the Borrower
      or
      such Loan Party may be contingent or unmatured or are owed to a branch or office
      of such Lender or the L/C Issuer different from the branch or office holding
      such deposit or obligated on such indebtedness. The rights of each Lender,
      the
      L/C Issuer and their respective Affiliates under this Section are in addition
      to
      other rights and remedies (including other rights of setoff) that such Lender,
      the L/C Issuer or their respective Affiliates may have. Each Lender and the
      L/C
      Issuer agrees to notify the Borrower and the Administrative Agent promptly
      after
      any such setoff and application, provided
      that the
      failure to give such notice shall not affect the validity of such setoff and
      application.

     

    11.09  Interest
      Rate Limitation.
      Notwithstanding anything to the contrary contained in any Loan Document, the
      interest paid or agreed to be paid under the Loan Documents shall not exceed
      the
      maximum rate of non-usurious interest permitted by applicable Law (the
“Maximum
      Rate”).
      If
      the Administrative Agent or any Lender shall receive interest in an amount
      that
      exceeds the Maximum Rate, the excess interest shall be applied to the principal
      of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower.
      In determining whether the interest contracted for, charged, or received by
      the
      Administrative Agent or a Lender exceeds the Maximum Rate, such Person may,
      to
      the extent permitted by applicable Law, (a) characterize any payment that is
      not
      principal as an expense, fee, or premium rather than interest, (b) exclude
      voluntary prepayments and the effects thereof, and (c) amortize, prorate,
      allocate, and spread in equal or unequal parts the total amount of interest
      throughout the contemplated term of the Obligations hereunder.

     

    11.10  Counterparts;
      Effectiveness.
      This
      Agreement may be executed in counterparts (and by different parties hereto
      in
      different counterparts), each of which shall constitute an original, but all
      of
      which when taken together shall constitute a single contract. Except as provided
      in Section
      4.01,
      this
      Agreement shall become effective when it shall have been executed by the
      Administrative Agent and when the Administrative Agent shall have received
      counterparts hereof that, when taken together, bear the signatures of each
      of
      the other parties hereto. Delivery of an executed counterpart of a signature
      page of this Agreement by telecopy shall be effective as delivery of a manually
      executed counterpart of this Agreement.

     

    11.11  Survival
      of Representations and Warranties.
      All
      representations and warranties made hereunder and in any other Loan Document
      or
      other document delivered pursuant hereto or thereto or in connection herewith
      or
      therewith shall survive the execution and delivery hereof and thereof. Such
      representations and warranties have been or will be relied upon by the
      Administrative Agent and each Lender, regardless of any investigation made
      by
      the Administrative Agent or any Lender or on their behalf and notwithstanding
      that the Administrative Agent or any Lender may have had notice or knowledge
      of
      any Default at the time of any Credit Extension, and shall continue in full
      force and effect as long as any Loan or 

     

    

    
      
        
          
          

        

        
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    any
      other
      Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit
      shall remain outstanding.

     

    11.12  Severability.
      If any
      provision of this Agreement or the other Loan Documents is held to be illegal,
      invalid or unenforceable, (a) the legality, validity and enforceability of
      the
      remaining provisions of this Agreement and the other Loan Documents shall not
      be
      affected or impaired thereby and (b) the parties shall endeavor in good faith
      negotiations to replace the illegal, invalid or unenforceable provisions with
      valid provisions the economic effect of which comes as close as possible to
      that
      of the illegal, invalid or unenforceable provisions. The invalidity of a
      provision in a particular jurisdiction shall not invalidate or render
      unenforceable such provision in any other jurisdiction.

     

    11.13  Replacement
      of Lenders.
      If any
      Lender requests compensation under Section
      3.04,
      or if
      the Borrower is required to pay any additional amount to any Lender or any
      Governmental Authority for the account of any Lender pursuant to Section
      3.01,
      if any
      Lender is a Defaulting Lender, or if any other circumstance exists hereunder
      that gives the Borrower the right to replace a Lender as a party hereto, then
      the Borrower may, at its sole expense and effort, upon notice to such Lender
      and
      the Administrative Agent, require such Lender to assign and delegate, without
      recourse (in accordance with and subject to the restrictions contained in,
      and
      consents required by, Section
      11.06),
      all of
      its interests, rights and obligations under this Agreement and the related
      Loan
      Documents to an assignee that shall assume such obligations (which assignee
      may
      be another Lender, if a Lender accepts such assignment), provided
      that:

     

    (a)  the
      Borrower shall have paid to the Administrative Agent the processing and
      recordation fee specified in Section
      11.06(b);

     

    (b)  such
      Lender shall have received payment of an amount equal to the outstanding
      principal of its Loans and L/C Advances, accrued interest thereon, accrued
      fees
      and all other amounts payable to it hereunder and under the other Loan Documents
      (including any amounts under Section
      3.05)
      from
      the assignee (to the extent of such outstanding principal and accrued interest
      and fees) or the Borrower (in the case of all other amounts);

     

    (c)  in
      the
      case of any such assignment resulting from a claim for compensation under
Section
      3.04
      or
      payments required to be made pursuant to Section 3.01,
      such
      assignment will result in a reduction in such compensation or payments
      thereafter; and

     

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

     

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

     

    11.14  Governing
      Law; Jurisdiction; Etc.
      (a) GOVERNING
      LAW.
      THIS
      AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF
      THE
      STATE OF NEW YORK.

     

    (b)  SUBMISSION
      TO JURISDICTION.
      THE
      BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY SUBMITS,
      FOR

     

    

    
      
        
          
          

        

        
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    ITSELF
      AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE
      OF
      NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT
      OF
      THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF,
      IN
      ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
      OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND
      EACH
      OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS
      IN
      RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH
      STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE 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 OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT
      THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE
      TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
      DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN
      THE
      COURTS OF ANY JURISDICTION.

     

    (c)  WAIVER
      OF VENUE.
      THE
      BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES,
      TO
      THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW
      OR
      HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT
      OF
      OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED
      TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY
      IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE
      DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING
      IN ANY SUCH COURT.

     

    (d)  SERVICE
      OF PROCESS.
      EACH
      PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED
      FOR NOTICES IN SECTION 11.02.
      NOTHING
      IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS
      IN
      ANY OTHER MANNER PERMITTED BY APPLICABLE LAW

     

    11.15  Waiver
      of Jury Trial.
      EACH
      PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
      APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
      DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
      OTHER
      LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED
      ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES
      THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED,
      EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF
      LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER 

     

    

    
      
        
          
          

        

        
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    AND
      (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO
      ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS,
      THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     

    11.16  California
      Judicial Reference.
      If any
      action or proceeding is filed in a court of the State of California by or
      against any party hereto in connection with any of the transactions contemplated
      by this Agreement or any other Loan Document, (a) the court shall, and is hereby
      directed to, make a general reference pursuant to California Code of Civil
      Procedure Section 638 to a referee (who shall be a single active or retired
      judge) to hear and determine all of the issues in such action or proceeding
      (whether of fact or of law) and to report a statement of decision, provided
      that
      at the option of any party to such proceeding, any such issues pertaining to
      a
“provisional remedy” as defined in California Code of Civil Procedure Section
      1281.8 shall be heard and determined by the court, and (b) without limiting
      the
      generality of Section 11.04, the Borrower shall be solely responsible to pay
      all
      fees and expenses of any referee appointed in such action or
      proceeding.

     

    11.17  No
      Advisory or Fiduciary Responsibility.
      In
      connection with all aspects of each transaction contemplated hereby, the
      Borrower and Holdings each acknowledge and agree, and acknowledge their
      respective Affiliates’ understanding, that: (i) the credit facility provided for
      hereunder and any related arranging or other services in connection therewith
      (including in connection with any amendment, waiver or other modification hereof
      or of any other Loan Document) are an arm’s-length commercial transaction
      between the Borrower, Holdings and their respective Affiliates, on the one
      hand,
      and the Administrative Agent and the Lead Arrangers, on the other hand, and
      each
      of the Borrower and Holdings is capable of evaluating and understanding and
      understands and accepts the terms, risks and conditions of the transactions
      contemplated hereby and by the other Loan Documents (including any amendment,
      waiver or other modification hereof or thereof); (ii) in connection with the
      process leading to such transaction, the Administrative Agent and each Lead
      Arranger is and has been acting solely as a principal and is not the financial
      advisor, agent or fiduciary for the Borrower, Holdings or any of their
      respective Affiliates, stockholders, creditors or employees or any other Person;
      (iii) neither the Administrative Agent nor any Lead Arranger has assumed or
      will
      assume an advisory, agency or fiduciary responsibility in favor of the Borrower
      or Holdings with respect to any of the transactions contemplated hereby or
      the
      process leading thereto, including with respect to any amendment, waiver or
      other modification hereof or of any other Loan Document (irrespective of whether
      the Administrative Agent or any Lead Arranger has advised or is currently
      advising the Borrower, Holdings or any of their respective Affiliates on other
      matters) and neither the Administrative Agent nor any Lead Arranger has any
      obligation to the Borrower, Holdings or any of their respective Affiliates
      with
      respect to the transactions contemplated hereby except those obligations
      expressly set forth herein and in the other Loan Documents; (iv) the
      Administrative Agent and the Lead Arrangers and their respective Affiliates
      may
      be engaged in a broad range of transactions that involve interests that differ
      from those of the Borrower, Holdings and their respective Affiliates, and
      neither the Administrative Agent nor the Lead Arrangers have any obligation
      to
      disclose any of such interests by virtue of any advisory, agency or fiduciary
      relationship; and (v) the Administrative Agent and the Lead Arrangers have
      not
      provided and will not provide any legal, accounting, regulatory or tax advice
      with respect to any of the transactions contemplated hereby (including any
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    hereof
      or
      of any other Loan Document) and each of the Borrower and Holdings has consulted
      its own legal, accounting, regulatory and tax advisors to the extent it has
      deemed appropriate. Each of the Borrower and Holdings hereby waives and
      releases, to the fullest extent permitted by law, any claims that it may have
      against the Administrative Agent and each Lead Arranger with respect to any
      breach or alleged breach of agency or fiduciary duty.

     

    11.18  USA
      PATRIOT Act Notice.
      Each
      Lender that is subject to the Act (as hereinafter defined) and the
      Administrative Agent (for itself and not on behalf of any Lender) hereby
      notifies the Borrower that pursuant to the requirements of the USA PATRIOT
      Act
      (Title
      III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”),
      it is
      required to obtain, verify and record information that identifies each Loan
      Party, which information includes the name and address of each Loan Party and
      other information that will allow such Lender or the Administrative Agent,
      as
      applicable, to identify each Loan Party in accordance with the Act.

     

    11.19  Time
      of the Essence.
      Time is
      of the essence of the Loan Documents.

     

    11.20  ENTIRE
      AGREEMENT.
      THIS
      AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG
      THE
      PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS,
      OR
      SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
      AGREEMENTS AMONG THE PARTIES.

     

    11.21  Amendment
      and Restatement.
      (a)
      The
      Borrower, Holdings, the Administrative Agent, the L/C Issuer and the Lenders
      hereby agree that upon the effectiveness of this Agreement, the terms and
      provisions of the Existing Credit Agreement shall be and hereby are amended
      and
      restated in their entirety by the terms and conditions of this Agreement and
      the
      terms and provisions of the Existing Credit Agreement, except as otherwise
      provided in the next paragraph, shall be superseded by this
      Agreement.

     

    (b)  Notwithstanding
      the amendment and restatement of the Existing Credit Agreement by this
      Agreement, the Borrower and Holdings shall continue to be liable to the
      Administrative Agent and the Lenders with respect to agreements on the part
      of
      the Borrower and Holdings under the Existing Credit Agreement to indemnify
      and
      hold harmless the Administrative Agent and the Lenders from and against all
      claims, demands, liabilities, damages, losses, costs, charges and expenses
      to
      which the Administrative Agent and the Lenders may be subject arising in
      connection with the Existing Credit Agreement. This Agreement is given as a
      substitution of, and not as a payment of, the obligations of the Borrower and
      Holdings under the Existing Credit Agreement and is not intended to constitute
      a
      novation of the Existing Credit Agreement. Upon the effectiveness of this
      Agreement all amounts outstanding and owing by Borrower under the Existing
      Credit Agreement shall constitute Credit Extensions hereunder.

     

    (c)  By
      execution of this Agreement all parties hereto agree that (i) each of the
      Collateral Documents and other Loan Documents is hereby amended such that all
      references to the Existing Credit Agreement and the Loans thereunder shall
      be
      deemed to refer to this Credit Agreement and the continuation of the Loans
      hereunder, (ii) each of the Guaranties is reaffirmed and (iii) all security
      interests and liens granted under the Collateral Documents shall continue and
      secure the Obligations hereunder and the obligations of the Guarantors under
      the
      Guaranties.

     

    
      
        
          
            
            

          

          
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    11.22  Designated
      Senior Debt.
      The
      Borrower hereby designates all the Obligations as “Designated Senior Debt”
under, and as defined in, the Subordinated Notes Documents and all supplemental
      indentures thereto.

     

    

    
      
        
          
            

          

          
          

        

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

     

    
      
        

        
          	 	
                  CENVEO
                    CORPORATION, a Delaware corporation

                
	 	 
	 	 
	 	
                  By:

                	/s/
                  Sean S. Sullivan 

        

        
          	
                	
                  
                    Name:

                  

                	 

          
            	
                  	
                    Title:

                  	 

             

          
 

          

          
            	 	
                    CENVEO,
                      INC., a
                      Colorado corporation

                  
	 	 
	 	 
	 	
                    By:

                  	/s/
                    Sean S.
                    Sullivan 

          

          
            	
                  	
                    
                      Name:

                    

                  	 

            
              	
                    	
                      Title:

                    	 

               

            

          

        

      

    

    
      
        
          
          

        

        
          
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              Agreement

            Signature
              Page

          

          
            

          

        

        
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                BANK
                  OF AMERICA, N.A.,
                  as

                Administrative
                  Agent

              
	 	 
	 	 
	 	
                By:

              	/s/ John
                Margetanski 

      

      
        	
              	
                
                  Name:

                

              	John
                Margetanski 

        
          	
                	
                  Title:

                	Vice
                  President 

           

          
             

            
              
                
                  
                  

                

                
                  
                    S-2

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                      Agreement

                    Signature
                      Page

                  

                  
                    

                  

                

                
                  Table
                    of Contents 

                

              

            

             

          

        

      

    

    
       

      
        
          	 	
                  BANK
                    OF AMERICA, N.A., as a Lender, L/C

                   Issuer
                    and Swing Line
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/ John
                  Margetanski 

        

        
          	
                	
                  
                    Name:

                  

                	John
                  Margetanski 

          
            	
                  	
                    Title:

                  	Vice
                    President 

             

          

        

      

       

      
        
          
            
            

          

          
            
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                Agreement

              Signature
                Page

            

            
              

            

          

          
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              of Contents 

          

        

      

       

    

    
      
        
          	 	
                  LEHMAN
                    COMMERCIAL PAPER INC.,

                  as
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/ Diane
                  Albanese 

        

        
          	
                	
                  
                    Name:

                  

                	Diane
                  Albanese 

          
            	
                  	
                    Title:

                  	Authorized
                    Signatory 

          

           

          
             

            
              
                
                  
                  

                

                
                  
                    S-4

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                      Agreement

                    Signature
                      Page

                  

                  
                    

                  

                

                
                  Table
                    of Contents 

                

              

            

             
       

        

      

    

    
       

      
        
          	 	
                  GENERAL
                    ELECTRIC CAPITAL

                  CORPORATION,

                  as
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/ Rebecca
                  L.
                  Milligan 

        

        
          	
                	
                  
                    Name:

                  

                	 Rebecca
                  L.
                  Milligan 

          
            	
                  	
                    Title:

                  	Duly
                    Authorized
                    Signatory 

          

           

          
             

            
              
                
                  
                  

                

                
                  
                    S-5

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                      Agreement

                    Signature
                      Page

                  

                  
                    

                  

                

                
                  Table
                    of Contents 

                

              

            

             
      

        

      

    

    
       

      
        
          	 	
                  JPMORGAN
                    CHASE BANK, N.A.,

                  as
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/ Peter
                  S.
                  Predun 

        

        
          	
                	
                  
                    Name:

                  

                	/s/ Peter
                  S.
                  Predun

          
            	
                  	
                    Title:

                  	Vice
                    President 

  

             

            
              
                
                  
                  

                

                
                  
                    S-6

                    Credit
                      Agreement

                    Signature
                      Page

                  

                  
                    

                  

                

                
                  Table
                    of Contents 

                

              

            

             

          

        

      

    

    
       

      
        
          	 	
                  NORTH
                    FORK BUSINESS CAPITAL CORP.,

                  as
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/
                  Stephen K.
                  Goetschius 

        

        
          	
                	
                  
                    Name:

                  

                	Stephen
                  K.
                  Goetschius 

          
            	
                  	
                    Title:

                  	Senior
                    Vice
                    President 

          

           

          
             

            
              
                
                  
                  

                

                
                  
                    S-7

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                      Agreement

                    Signature
                      Page

                  

                  
                    

                  

                

                
                  Table
                    of Contents 

                

              

            

              

          

        

      

    

    
      
        
          	 	
                  CITIBANK
                    N.A.,

                  as
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/ Christopher Conway 

        

        
          	
                	
                  
                    Name:

                  

                	Christopher Conway 

          
            	
                  	
                    Title:

                  	Vice
                    President 

  

             

            
              
                
                  
                  

                

                
                  
                    S-8

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                      Agreement

                    Signature
                      Page

                  

                  
                    

                  

                

                
                  Table
                    of Contents 

                

              

            

             
    

        

      

    

    
       

      
        
          	 	
                  U.S.
                    BANK NATIONAL ASSOCIATION,

                  as
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/ Jacob
                  Payne 

        

        
          	
                	
                  
                    Name:

                  

                	Jacob
                  Payne 

          
            	
                  	
                    Title:

                  	Vice
                    President 

        

        

      

    

    
      
         

        
          
            
              
              

            

            
              
                S-9

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                  Agreement

                Signature
                  Page

              

              
                

              

            

            
              Table
                of Contents 

            

          

        

         

      

       

      
        
          	 	
                  PNC
                    BANK, N.A.,

                  as
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/ Michael
                  Nardo 

        

        
          	
                	
                  
                    Name:

                  

                	Michael
                  Nardo 

          
            	
                  	
                    Title:

                  	Senior
                    Vice
                    President 

  
     

        

      

    

    
       

      
        
          
            
            

          

          
            
              S-10

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                Agreement

              Signature
                Page

            

            
              

            

          

          
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              of Contents 

          

        

      

       

    
       

      
        
          	 	
                  WACHOVIA
                    BANK, NATIONAL

                  ASSOCIATION,

                  as
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/ Jiong
                  Liu 

        

        
          	
                	
                  
                    Name:

                  

                	Jiong
                  Liu 

          
            	
                  	
                    Title:

                  	Vice
                    President 

  

             

            
              
                
                  
                  

                

                
                  
                    S-11

                    Credit
                      Agreement

                    Signature
                      Page

                  

                  
                    

                  

                

                
                  Table
                    of Contents 

                

              

            

             

          

           

        

      

    

    
      
        
          	 	
                  THE
                    BANK OF NEW YORK,

                  as
                    Lender

                
	 	 
	 	 
	 	
                  By:

                	/s/ Laura
                  Neenan 

        

        
          	
                	
                  
                    Name:

                  

                	Laura
                  Neenan 

          
            	
                  	
                    Title:

                  	Vice
                    President 

  

             

             

            
              S-12

              Credit
                Agreement

              Signature
                Page

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]