Document:

exv10w1

Exhibit 10.1

AMENDMENT AND RESTATEMENT AGREEMENT

     THIS AMENDMENT AND RESTATEMENT AGREEMENT (this “Agreement”), dated as of August 11,
2011, is made between THOMAS & BETTS CORPORATION, a Tennessee corporation (the “Borrower”),
the Lenders (as defined in the hereafter defined Existing Credit Agreement) party hereto and WELLS
FARGO BANK, NATIONAL ASSOCIATION (as successor by merger to Wachovia Bank, National Association)
(“Wells Fargo”), as administrative agent for the Lenders (in such capacity, the
“Administrative Agent”), as Issuing Bank and as Swing Bank under the Second Amended and
Restated Credit Agreement dated as of October 16, 2007 (as amended by the First Amendment to Second
Amended and Restated Credit Agreement, dated as of November 13, 2009, the “Existing Credit
Agreement”), between the Borrower, the financial institutions from time to time party thereto
as lenders and the Administrative Agent.

     WHEREAS, the Borrower desires to enter into a Credit Agreement, dated as of the date hereof
(the “New Credit Agreement”), with the lenders from time to time party thereto, JPMorgan
Chase Bank, N.A., as administrative agent, and Wells Fargo and Bank of America, N.A., as
co-syndication agents; and

     WHEREAS, the Borrower has requested, and the Administrative Agent and the Majority Lenders
have agreed, upon the terms and subject to the conditions set forth herein, that the Existing
Credit Agreement be amended and restated as provided herein.

     NOW, THEREFORE, the Borrower, the Administrative Agent and the Majority Lenders hereby agree
as follows:

     Section 1. Defined Terms. Capitalized terms used but not defined herein shall have
the meanings assigned to such terms in the Restated Credit Agreement referred to below.

     Section 2. Restatement Effective Date. The “Restatement Effective Date” shall
be a date as of which all of the conditions set forth in Section 5 shall have been satisfied.

     Section 3. Amendment and Restatement of the Existing Credit Agreement; Loans.

     (a) Effective on the Restatement Effective Date, the Existing Credit Agreement is hereby
amended and restated to read in its entirety as set forth in Exhibit A hereto (the “Restated
Credit Agreement”). The amendment and restatement contained herein shall not, in any manner,
be construed to constitute payment of, or impair, limit, cancel or extinguish, or constitute a
novation in respect of, the Obligations of the Borrower evidenced by or arising under the Existing
Credit Agreement or the other Loan Documents, which shall not in any manner be impaired, limited,
terminated, waived or released, but shall, as amended pursuant hereto, continue in full force and
effect in favor of the Administrative Agent and the Lenders. From and after the Restatement
Effective Date, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”,
“hereof’ and words of similar import, as used in the Restated Credit Agreement, shall, unless the
context otherwise requires, refer to the Restated Credit Agreement and all references in the
Restated Credit Agreement to “the date hereof”, “the date of this Agreement” or other words or
phrases of similar import shall be deemed references to the Restatement Effective Date.

Signature Page to Amendment and Restatement Agreement

 

 

     (b) Effective on the Restatement Effective Date, the Negative Pledge Agreement is terminated,
shall no longer be of any force and effect and shall cease to be a Loan Document.

     Section 4. Representations and Warranties. The Borrower represents and warrants that,
as of the Restatement Effective Date:

     (i) the representations and warranties of the Borrower set forth in the Restated Credit
Agreement are true and correct in all material respects on and as of the Restatement
Effective Date, except in the case of any such representation or warranty that by its terms
relates to a specified earlier date or dates, in which case such representation or warranty
was true and correct in all material respects as of such earlier date or dates; and

     (ii) no Default or Event of Default under (and as defined in) the Restated Credit
Agreement has occurred and is continuing.

     Section 5. Conditions. The consummation of the transactions set forth in Section 3 of
this Agreement shall be subject to the satisfaction of the following conditions precedent:

     (a) Counterparts. The Administrative Agent shall have received from each of the
Borrower, the Administrative Agent and the Majority Lenders either (i) a counterpart of this
Agreement signed on behalf of such party or (ii) written evidence satisfactory to the
Administrative Agent (which may include telecopy or electronic transmission of a signed signature
page of this Agreement) that such party has signed a counterpart of this Agreement.

     (b) Effectiveness of New Credit Agreement. The Administrative Agent shall have
received evidence reasonably satisfactory to it that the New Credit Agreement has become effective
or will become effective upon this Agreement becoming effective.

     Section 6. Amendments; Counterparts. This Agreement may not be amended nor may any
provision hereof be waived except pursuant to a writing signed by the Borrower, the Administrative
Agent and the Majority Lenders. This Agreement may be executed in two or more counterparts, each
of which shall constitute an original but all of which when taken together shall constitute a
single contract. Delivery of an executed counterpart of a signature page of this Agreement by
facsimile or other electronic transmission shall be effective as delivery of a manually executed
counterpart of this Agreement.

     Section 7. Notices. All notices hereunder shall be given in accordance with the
provisions of Section 9.1 of the Restated Credit Agreement.

     Section 8. Governing Law; Waiver of Jury Trial. This agreement shall be governed by
and construed in accordance with the laws of the State of New York (without regard to the conflicts
of law provisions thereof). EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN ARTICLE XI OF THE
RESTATED CREDIT AGREEMENT AS IF SUCH ARTICLE WERE SET FORTH IN FULL HEREIN.

Signature Page to Amendment and Restatement Agreement

 

 

     Section 9. Headings. The section headings used herein are for convenience of
reference only, are not part of this Agreement and are not to affect the construction of, or to be
taken into consideration in interpreting, this Agreement.

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

	 	 	 	 	 
	 	

THOMAS & BETTS CORPORATION, a 

Tennessee corporation

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as
Administrative Agent, as Issuing Bank, as Swing Bank

and as a Lender

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment and Restatement Agreement

 

 

EXHIBIT A

RESTATED CREDIT AGREEMENT

 

 

Execution Version

Published CUSIP Number: 884322AC2

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

among

THOMAS & BETTS CORPORATION, as Borrower,

The Financial Institutions Party Hereto,

BANK OF AMERICA, N.A., REGIONS BANK and SUNTRUST BANK,

as Co-Syndication Agents,

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NY BRANCH,

as Documentation Agent

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

and Issuing Bank

Dated as of August 11, 2011

WELLS FARGO SECURITIES, LLC

and

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Joint Lead Arrangers and Joint Book Runners

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	 ARTICLE I

	 
	 	 	 	 
	DEFINED TERMS, ACCOUNTING PRINCIPLES AND OTHER INTERPRETIVE MATTERS

	Section 1.1 Defined Terms
	 	 	1	 
	Section 1.2 Other Interpretive Matters
	 	 	17	 
	Section 1.3 Accounting Principles
	 	 	18	 
	 ARTICLE II

	 
	 	 	 	 
	THE LOANS AND THE LETTERS OF CREDIT

	Section 2.1 Credit
	 	 	18	 
	Section 2.2 Manner of Borrowing and Disbursement of Loans
	 	 	19	 
	Section 2.3 Interest
	 	 	20	 
	Section 2.4 Fees
	 	 	22	 
	Section 2.5 Prepayment of Advances
	 	 	23	 
	Section 2.6 Repayment
	 	 	23	 
	Section 2.7 Permanent Reduction of Commitment
	 	 	23	 
	Section 2.8 Revolving Loan Notes; Loan Accounts
	 	 	24	 
	Section 2.9 Manner of Payment
	 	 	24	 
	Section 2.10 Reimbursement
	 	 	25	 
	Section 2.11 Pro Rata Treatment
	 	 	26	 
	Section 2.12 Application of Payments
	 	 	27	 
	Section 2.13 Maximum Rate of Interest
	 	 	27	 
	Section 2.14 Letters of Credit
	 	 	28	 
	ARTICLE III

	 
	 	 	 	 
	[INTENTIONALLY OMITTED]

	 
	 	 	 	 
	ARTICLE IV

	 
	 	 	 	 
	REPRESENTATIONS AND WARRANTIES

	 
	 	 	 	 
	Section 4.1 Organization; Powers; Subsidiaries
	 	 	33	 
	Section 4.2 Authorization; Enforceability
	 	 	33	 
	Section 4.3 Governmental Approvals; No Conflicts
	 	 	33	 
	Section 4.4 Financial Condition; No Material Adverse Change
	 	 	33	 
	Section 4.5 Properties
	 	 	34	 
	Section 4.6 Litigation and Environmental Matters
	 	 	34	 
	Section 4.7 Compliance with Laws
	 	 	34	 

-i-

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page
	Section 4.8 Investment Company Status
	 	 	34	 
	Section 4.9 Taxes
	 	 	34	 
	Section 4.10 ERISA
	 	 	35	 
	Section 4.11 Disclosure
	 	 	35	 
	Section 4.12 Federal Reserve Regulations
	 	 	35	 
	 ARTICLE V

	 
	 	 	 	 
	AFFIRMATIVE COVENANTS

	 
	 	 	 	 
	Section 5.1 Financial Statements and Other Information
	 	 	35	 
	Section 5.2 Notices of Material Events
	 	 	36	 
	Section 5.3 Existence, Rights and Privileges
	 	 	37	 
	Section 5.4 Payment of Obligations
	 	 	37	 
	Section 5.5 Maintenance of Properties; Insurance
	 	 	37	 
	Section 5.6 Books and Records; Inspection Rights
	 	 	37	 
	Section 5.7 Compliance with Laws
	 	 	38	 
	Section 5.8 Use of Proceeds
	 	 	38	 
	 
	 	 	 	 
	 ARTICLE VI

	 
	 	 	 	 
	 NEGATIVE COVENANTS

	 
	 	 	 	 
	Section 6.1 Subsidiary Indebtedness
	 	 	38	 
	Section 6.2 Liens
	 	 	39	 
	Section 6.3 Fundamental Changes and Asset Sales
	 	 	40	 
	Section 6.4 Investments, Loans, Advances and Guarantees
	 	 	40	 
	Section 6.5 Transactions with Affiliates
	 	 	41	 
	Section 6.6 Restricted Payments
	 	 	41	 
	Section 6.7 Financial Covenants
	 	 	42	 
	 
	 	 	 	 
	ARTICLE VII

	 
	 	 	 	 
	 EVENTS OF DEFAULT

	 
	 	 	 	 
	 ARTICLE VIII

	 
	 	 	 	 
	THE ADMINISTRATIVE AGENT

	 
	 	 	 	 
	Section 8.1 Appointment and Authority
	 	 	44	 
	Section 8.2 Rights as a Lender
	 	 	44	 
	Section 8.3 Exculpatory Provisions
	 	 	45	 
	Section 8.4 Reliance by Administrative Agent
	 	 	46	 

-ii-

 

Table of Contents

(continued)

	 	 	 	 	 
	 	 	Page
	Section 8.5 Delegation of Duties

	 	 	46	 
	Section 8.6 Resignation of Administrative Agent

	 	 	46	 
	Section 8.7 Indemnification

	 	 	47	 
	Section 8.8 Non-Reliance On Administrative Agent and Other Lenders

	 	 	47	 
	Section 8.9 No Other Duties, etc

	 	 	47	 
	Section 8.10 Issuing Bank

	 	 	47	 
	 
	 	 	 	 
	ARTICLE IX

	 
	 	 	 	 
	MISCELLANEOUS

	 
	 	 	 	 
	Section 9.1 Notices; Effectiveness; Electronic Communication

	 	 	48	 
	Section 9.2 Expenses

	 	 	49	 
	Section 9.3 Waivers

	 	 	50	 
	Section 9.4 Setoff

	 	 	51	 
	Section 9.5 Assignment

	 	 	51	 
	Section 9.6 Counterparts

	 	 	53	 
	Section 9.7 Governing Law

	 	 	54	 
	Section 9.8 Severability

	 	 	54	 
	Section 9.9 Headings

	 	 	54	 
	Section 9.10 Source of Funds

	 	 	54	 
	Section 9.11 Entire Agreement

	 	 	54	 
	Section 9.12 Amendments and Waivers

	 	 	54	 
	Section 9.13 Other Relationships

	 	 	55	 
	Section 9.14 Pronouns

	 	 	55	 
	Section 9.15 Disclosure

	 	 	55	 
	Section 9.16 Confidentiality

	 	 	56	 
	Section 9.17 Revival and Reinstatement of Obligations

	 	 	56	 
	Section 9.18 USA PATRIOT Act Notice

	 	 	57	 
	Section 9.19 Indemnity

	 	 	57	 
	 
	 	 	 	 
	 ARTICLE X

	 
	 	 	 	 
	YIELD PROTECTION

	 
	 	 	 	 
	Section 10.1 Increased Costs

	 	 	58	 
	Section 10.2 Mitigation Obligations; Replacement of Lenders

	 	 	59	 
	 
	 	 	 	 
	ARTICLE XI

	 
	 	 	 	 
	JURISDICTION, VENUE AND WAIVER OF JURY TRIAL

	 
	 	 	 	 
	Section 11.1 Jurisdiction and Service of Process

	 	 	60	 

-iii-

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page
	Section 11.2 Consent to Venue
	 	 	60	 
	Section 11.3 Waiver of Jury Trial
	 	 	61	 

EXHIBITS:

	 	 	 	 

	 	Exhibit A

	 	Form of Assignment and Assumption
	 	Exhibit B

	 	[Intentionally Omitted]
	 	Exhibit C

	 	Form of Notice of Conversion/Continuation
	 	Exhibit D

	 	Form of Revolving Loan Note

SCHEDULES:

	 	 	 	 

	 	Schedule 1

	 	Existing Letters of Credit
	 	Schedule 2

	 	Revolving Loan Commitment
	 	Schedule 3

	 	Existing Loans
	 	Schedule 6.1

	 	Existing Indebtedness
	 	Schedule 6.2

	 	Existing Liens

-iv-

 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

     This THIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of August 11, 2011, by and among
THOMAS & BETTS CORPORATION, a Tennessee corporation (the “Borrower”), the financial
institutions from time to time party hereto as lenders (collectively, the “Lenders” and
individually, each a “Lender”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (as successor by
merger to Wachovia Bank, National Association), as Administrative Agent and Issuing Bank.

RECITALS

     WHEREAS, the Borrower, certain of the Lenders and the Administrative Agent are parties to that
certain Second Amended and Restated Credit Agreement dated as of October 16, 2007 (as amended,
supplemented, and otherwise modified from time to time prior to the Agreement Date, the
“Existing Credit Agreement”); and

     WHEREAS, the Borrower, the Majority Lenders and the Administrative Agent have entered into an
Amendment and Restatement Agreement dated as of the date hereof to amend and restate the Existing
Credit Agreement in its entirety as set forth herein.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and
for other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

ARTICLE I

DEFINED TERMS, ACCOUNTING PRINCIPLES AND

OTHER INTERPRETIVE MATTERS

     Section 1.1 Defined Terms. As used in this Agreement, the following terms shall have
the meanings specified below:

     “Administrative Agent” shall mean Wells Fargo Bank, National Association, in its
capacity as administrative agent under any of the Loan Documents, or any successor administrative
agent appointed pursuant to Section 8.6.

     “Administrative Agent’s Office” shall mean the address of the Administrative Agent set
forth in Section 9.1, or such other address or account as the Administrative Agent
hereafter may designate by written notice to the Borrower and the Lenders.

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

     “Advance” or “Advances” shall mean amounts of the Revolving Loans advanced by
the Lenders to the Borrower pursuant to Section 2.2 on the occasion of any borrowing.

 

 

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

     “Aggregate Revolving Credit Obligations” shall mean, as of any particular time, the
sum of (a) the aggregate principal amount of all Revolving Loans then outstanding, plus (b) the
aggregate amount of all Letter of Credit Obligations then outstanding.

     “Agreement” shall mean this Third Amended and Restated Credit Agreement, together with
all Exhibits and Schedules hereto.

     “Agreement Date” shall mean the date as of which this Agreement is dated.

     “Amendment and Restatement Agreement” shall mean the Amendment and Restatement
Agreement, dated as of August 11, 2011, between the Borrower, the Administrative Agent, the Issuing
Bank, the Swing Bank (as defined in the Existing Credit Agreement) and the Majority Lenders (as
defined in the Existing Credit Agreement).

     “Applicable Law” shall mean, in respect of any Person, all provisions of
constitutions, statutes, rules, regulations, and orders of governmental bodies or regulatory
agencies applicable to such Person, and all orders and decrees of all courts and arbitrators in
proceedings or actions (other than any non-binding arbitration proceedings) to which the Person in
question is a party or by which it is bound.

     “Applicable Rate” shall mean the rate per annum, in basis points, set forth under the
relevant column heading below based upon the applicable Debt Ratings:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Pricing	 	Debt Ratings	 	 	 	 	 	 	 	 	 	Eurodollar Rate/
	Level	 	(S&P/Moody’s/Fitch)	 	Facility Fee	 	Base Rate	 	Letters of Credit
	1

	 	≥ A-/A3/A-
	 	 	7.0	 	 	 	0.0	 	 	 	28.0	 
	2

	 	BBB+/Baa1/BBB+
	 	 	8.0	 	 	 	0.0	 	 	 	32.0	 
	3

	 	BBB/Baa2/BBB
	 	 	10.0	 	 	 	0.0	 	 	 	40.0	 
	4

	 	BBB-/Baa3/BBB-
	 	 	12.5	 	 	 	0.0	 	 	 	50.0	 
	5

	 	≤ BB+/Ba1/BB+
	 	 	17.5	 	 	 	0.0	 	 	 	70.0	 

     As used in this definition, “Debt Rating” means, as of any date of determination, the rating
as determined by either S&P, Moody’s or Fitch (collectively, the “Debt Ratings”) of the
Borrower’s senior unsecured non-credit enhanced long-term debt; provided, that solely for
purposes of determining the Applicable Rate, if the Borrower shall maintain a rating of its senior
unsecured debt from only two of Moody’s, S&P and Fitch, then the higher of such Debt Ratings shall
apply (with Pricing Level 1 being the highest and Pricing Level 5 being the lowest), unless there
is a split in Debt Ratings of more than one level, in which case, the level that is one level lower
than the higher Debt Rating shall apply. If the Borrower shall maintain a rating of its

2

 

senior
unsecured debt from all three of Moody’s, S&P and Fitch and there is a difference in such ratings,
(A) pricing will be based on the higher level when there is a one-notch rating differential
between the Debt Ratings, and (B) if there is greater than a one-notch rating differential
between the Debt Ratings, and if two Debt Ratings are equivalent and the third Debt Rating is
lower, then the higher Debt Rating shall govern; otherwise the applicable level shall be based upon
one level below the level corresponding to the highest of the three Debt Ratings. Any change in
the Applicable Rate shall become effective on and as of the date of any public announcement of any
Debt Rating that indicates a different Applicable Rate. If the rating system of S&P, Moody’s or
Fitch shall change, the Borrower and the Administrative Agent shall negotiate in good faith to
amend this definition to reflect such changed rating system, and pending effectiveness of such
amendment (which shall require the approval of the Majority Lenders, such approval not to be
unreasonably withheld, conditioned or delayed or conditioned upon the payment of a fee to one or
more of the Lenders), the Debt Ratings shall be determined by reference to the rating most recently
in effect prior to such change.

     “Approved Fund” shall mean 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.

     “Assignment and Assumption” shall mean an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required pursuant
to Section 9.5), and accepted by the Administrative Agent, in substantially the form of
Exhibit A or any other form approved by the Administrative Agent.

     “Authorized Signatory” shall mean such personnel of the Borrower as may be duly
authorized and designated in writing to the Administrative Agent by the Borrower to execute
documents, agreements, and instruments on behalf of the Borrower.

     “Backup Letter of Credit” shall mean a Non-Participated Letter of Credit provided by
the Borrower to the Administrative Agent to support payment of any outstanding Letter of Credit
Obligations, which Non-Participated Letter of Credit shall name the Administrative Agent, for the
benefit of the Lender Group, as beneficiary and shall have an aggregate face amount equal to one
hundred and five percent (105%) of the aggregate then undrawn and unexpired amount of the Letter of
Credit Obligations supported thereby.

     “Bankruptcy Code” shall mean the United States Bankruptcy Code (11 U.S.C. Section 101
et seq.), as now or hereafter amended, and any successor statute.

     “Base Rate” shall mean, at any time, a fluctuating and floating rate per annum equal
to the higher of: (a) 0.50% per annum above the latest Federal Funds Rate and (b) the rate of
interest announced publicly by the Administrative Agent from time to time, as its “prime rate” for
the determination of interest rate loans of varying maturities in Dollars to United States
residents of varying degrees of credit worthiness. Such “prime rate” is not necessarily the lowest
rate of interest charged to borrowers of the Administrative Agent, and the Administrative Agent may
make commercial loans or other loans at rates of interest at, above, or below such “prime rate”.
Each change in the prime rate announced by the Administrative Agent shall take effect at the
opening of business on the day specified in the public announcement of such change.

3

 

     “Base Rate Advance” shall mean an Advance made hereunder that bears interest based
upon the Base Rate.

     “Borrower” shall have the meaning set forth in the introductory paragraph hereto.

     “Business Day” means any day other than a Saturday, a Sunday, a legal holiday or a day
on which banking institutions are authorized or required by law or other governmental action to
close in Charlotte, North Carolina or New York, New York; provided that in the case of
Eurodollar Loans, such day is also a day on which dealings between banks are carried on in Dollar
deposits in the London interbank market.

     “Capital Lease Obligations” of any Person shall mean the obligations of such Person to
pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real
or personal property, or a combination thereof, which obligations are, subject to clause (a) of
Section 1.3, required to be classified and accounted for as capital leases on a balance
sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount
thereof determined in accordance with GAAP.

     “Change in Control” shall mean (a) the acquisition of ownership, directly or
indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities
Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof), of
Equity Interests representing more than 35% of the aggregate ordinary voting power represented by
the issued and outstanding Equity Interests of the Borrower; (b) occupation of a majority of the
seats (other than vacant seats) on the board of directors of the Borrower by Persons who were
neither (i) nominated by the board of directors of the Borrower nor (ii) appointed by directors so
nominated or (c) the acquisition of direct or indirect Control of the Borrower by any Person or
group.

     “Change in Law” means the occurrence, after the Existing Agreement Date, 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.

     “Code” shall mean the Internal Revenue Code of 1986.

     “Commitment Termination Date” means the Maturity Date or such earlier date of
termination of the Revolving Loan Commitments pursuant to Section 2.7 or Article
VII.

     “Consolidated EBITDA” shall mean Consolidated Net Income plus, to the extent
deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense,
(ii) expense for income taxes paid or accrued, (iii) depreciation, (iv) amortization, (v)
extraordinary or non-recurring non-cash expenses or losses incurred other than in the ordinary
course of business, (vi) non-cash expenses related to stock based compensation and (vii) any
non-cash impairment charges or non-cash asset write offs or amortization related to intangible
assets and long-lived assets pursuant to GAAP (including pursuant to FASB ASC Topics 350, 360
or 805) minus, to the extent included in Consolidated Net Income, (1) interest income, (2)
income tax credits and refunds (to the extent not netted from tax expense), (3) any

4

 

cash payments
made during such period in respect of items described in clauses (v), (vi) or (vii) above
subsequent to the fiscal quarter in which the relevant non-cash expenses or losses were incurred
and (4) extraordinary, unusual or non-recurring income or gains realized other than in the ordinary
course of business, all calculated for the Borrower and its Subsidiaries in accordance with GAAP on
a consolidated basis. For the purposes of calculating Consolidated EBITDA for any period of four
consecutive fiscal quarters (each such period, a “Reference Period”), (i) if at any time
between the first day of the applicable Reference Period and the day that any determination of
Consolidated EBITDA is to be made the Borrower or any Subsidiary shall have made any Material
Disposition, the Consolidated EBITDA for such Reference Period shall be reduced by an amount equal
to the Consolidated EBITDA (if positive) attributable to the property that is the subject of such
Material Disposition for such Reference Period or increased by an amount equal to the Consolidated
EBITDA (if negative) attributable thereto for such Reference Period, and (ii) if at any time
between the first day of the applicable Reference Period and the day that any determination of
Consolidated EBITDA is to be made the Borrower or any Subsidiary shall have made a Material
Acquisition, Consolidated EBITDA for such Reference Period shall be calculated after giving effect
thereto on a Pro Forma Basis as if such Material Acquisition occurred on the first day of such
Reference Period.

     “Consolidated Interest Expense” shall mean, with reference to any period, the interest
expense (including interest expense under Capital Lease Obligations that is treated as interest in
accordance with GAAP) of the Borrower and its Subsidiaries calculated on a consolidated basis for
such period with respect to all outstanding Indebtedness of the Borrower and its Subsidiaries
allocable to such period in accordance with GAAP (including all commissions, discounts and other
fees and charges owed with respect to letters of credit and bankers acceptance financing and net
costs under interest rate Swap Agreements to the extent such net costs are allocable to such period
in accordance with GAAP). In the event that the Borrower or any Subsidiary shall have completed a
Material Acquisition or a Material Disposition since the beginning of the relevant period,
Consolidated Interest Expense shall be determined for such period on a Pro Forma Basis as if such
Material Acquisition or Material Disposition, and any related incurrence or repayment of
Indebtedness, had occurred at the beginning of such period.

     “Consolidated Net Income” shall mean, with reference to any period, the net income (or
loss) of the Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated
basis (without duplication) for such period.

     “Consolidated Total Assets” shall mean, as of the date of any determination thereof,
total assets of the Borrower and its Subsidiaries calculated in accordance with GAAP on a
consolidated basis as of such date; provided that if the Borrower or any Subsidiary shall
have made a Material Acquisition or Material Disposition at any time between the date as of which
Consolidated Total Assets is to be determined and the date of such determination, Consolidated
Total Assets shall be determined on a pro forma basis as if such Material Acquisition or Material
Deposition had been consummated on the date as of which Consolidated Total Assets is to be
determined.

     “Consolidated Total Indebtedness” shall mean at any time the sum, without duplication,
of the aggregate Indebtedness (excluding Indebtedness described in clause (g) of the definition of
Indebtedness (or described in clause (d) or (e) of the definition of Indebtedness to the extent that

5

 

the underlying obligation being guaranteed or secured is described in clause (g) of the
definition of Indebtedness), but the aggregate amount of all such Indebtedness shall only be
excluded to the extent not in excess of $35,000,000) of the Borrower and its Subsidiaries
calculated on a consolidated basis as of such time in accordance with GAAP.

     “Control” shall mean 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.

     “Date of Issue” shall mean the date on which the Issuing Bank issued a Letter of
Credit pursuant to Section 2.14 of the Existing Credit Agreement.

     “Default” shall mean any Event of Default or any event specified in Article
VII that with the giving of notice or lapse of time (or both) would, unless cured or waived,
become an Event of Default.

     “Default Rate” shall mean a simple per annum interest rate equal to, with respect to
all outstanding Obligations, the sum of (a) the highest applicable Interest Rate Basis, plus (b)
the highest Applicable Rate, plus (c) 2.00%. As to any Eurodollar Advance outstanding on the date
that the Default Rate becomes applicable, the Default Rate shall be based on the then applicable
Eurodollar Basis until the end of the current Eurodollar Advance Period and thereafter the Default
Rate shall be based on the Base Rate as in effect from time to time. As to any Base Rate Advance
outstanding on the date that the Default Rate becomes applicable, the Default Rate shall be based
on the Base Rate as in effect from time to time.

     “Debt Rating” shall have the meaning set forth in the definition of “Applicable Rate”.

     “Dollars” or “$” shall mean the lawful currency of the United States of
America.

     “Domestic Subsidiary” means any Subsidiary of the Borrower that is organized and
existing under the laws of the United States or any state or commonwealth thereof or under the laws
of the District of Columbia.

     “Domestic T&B Companies” shall mean, collectively, the Borrower and the Domestic
Subsidiaries; and “Domestic T&B Company” shall mean any one of the foregoing Domestic T&B
Companies. Notwithstanding anything to the contrary contained in this Agreement, the Domestic T&B
Companies shall not include any Foreign Subsidiaries.

     “Eligible Assignee” shall mean (a) a Lender, (b) an Affiliate of a Lender, (c) an
Approved Fund, and (d) any other Person constituting a commercial bank or financial institution
organized under the laws of the United States or any state thereof and having total assets in
excess of $5,000,000,000, or an Affiliate of any such bank, or any other financial institution not
meeting the foregoing requirements but otherwise acceptable to the Administrative Agent, that is,
in any such case under this clause (d), approved by the Administrative Agent and, unless a Default
or Event of Default has occurred and is continuing, the Borrower, such approvals not to be
unreasonably withheld or delayed.

6

 

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

     “Environmental Liability” shall mean any liability, contingent or otherwise (including
any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of
the Borrower or any Subsidiary 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.

     “Equity Interests” shall mean shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a trust or other
equity ownership interests in a Person, and any warrants, options or other rights entitling the
holder thereof to purchase or acquire any of the foregoing.

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

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

     “ERISA Event” shall mean (a) any “reportable event”, as defined in Section 4043 of
ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which
the 30 day notice period is waived); (b) the failure to satisfy the minimum funding standard (as
defined in Section 302 of ERISA) with respect to any Plan; (c) the filing pursuant to Section
412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding
standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA
Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan;
(e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any
notice relating to an intention to terminate any Plan or Plans or to appoint a
trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal of the Borrower or
any of its ERISA Affiliates from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower
or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or
any ERISA Affiliate of any notice, concerning the imposition upon the Borrower or any of its ERISA
Affiliates of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected
to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

     “Eurodollar Advance” shall mean an Advance made hereunder that bears interest based
upon the Eurodollar Rate.

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     “Eurodollar Advance Period” shall mean, in connection with any Eurodollar Advance, the
term of such Advance selected by the Borrower, which may be one (1), two (2), three (3) or six (6)
months; provided, however, notwithstanding the foregoing, (a) any applicable
Eurodollar Advance Period which would otherwise end on a day which is not a Business Day shall be
extended to the succeeding Business Day unless such Business Day falls in another calendar month,
in which case such Eurodollar Advance Period shall end on the immediately preceding Business Day,
(b) any applicable Eurodollar Advance Period which begins on a day for which there is no
numerically corresponding day in the calendar month during which such Eurodollar Advance Period is
to end shall (subject to clause (a) above) end on the last day of such calendar month, and (c) no
Eurodollar Advance Period shall extend beyond the Maturity Date or such earlier date as would
interfere with the Borrower’s repayment obligations under Section 2.6.

     “Eurodollar Basis” shall mean a simple per annum interest rate equal to the quotient
of (a) the Eurodollar Rate divided by (b) one minus the Eurodollar Reserve Percentage, stated as a
decimal. The Eurodollar Basis shall remain unchanged during the applicable Eurodollar Advance
Period, except for changes to reflect adjustments in the Eurodollar Reserve Percentage.

     “Eurodollar Rate” shall mean, for any Eurodollar Advance Period, the interest rate per
annum (rounded upward to the nearest one one-hundredth of one percent (1/100%)) determined by the
Administrative Agent as the offered rate for deposits in U.S. Dollars for a period comparable to
the Eurodollar Advance Period appearing on the Reuters Screen LIBOR01 Page (or any successor page)
as of 11:00 a.m. London time, on the day that is two London banking days prior to the Eurodollar
Advance Period. If no such rate is available, the rate of interest shall be determined by the
Administrative Agent to be the rate or the arithmetic mean of rates at which Dollar deposits in
immediately available funds are offered to first-tier banks in the London interbank Eurodollar
market.

     “Eurodollar Reserve Percentage” shall mean the percentage which is in effect from time
to time under Regulation D of the Board of Governors of the Federal Reserve System, as such
regulation may be amended from time to time, as the maximum reserve requirement applicable with
respect to Eurocurrency Liabilities (as that term is defined in Regulation D), whether or not any
Lender has any Eurocurrency Liabilities subject to such reserve requirement at that time. The
Eurodollar Basis for any Eurodollar Advance shall be adjusted as of the effective date of any
change in the Eurodollar Reserve Percentage.

     “Event of Default” shall mean any of the events specified in Article VII.

     “Existing Agreement Date” shall have the meaning assigned to the term “Agreement Date”
in the Existing Credit Agreement.

     “Existing Auto-Extending Letters of Credit” shall mean the letters of credit set forth
on Part I of Schedule 1.

     “Existing Credit Agreement” shall have the meaning set forth in the recitals hereto.

     “Existing Letters of Credit” shall mean the letters of credit set forth on
Schedule 1.

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     “Federal Funds Rate” shall mean, for any period, a fluctuating per annum interest rate
(rounded upwards, if necessary, to the nearest 1/100 of one percentage point) equal for each day
during such period to the weighted average of the rates on overnight federal funds transactions
with members of the Federal Reserve System arranged by federal funds brokers, as published for such
day (or, if such day is not a Business Day, for the immediately preceding Business Day) by the
Federal Reserve Bank of New York, or if such rate is not so published for any day that is a
Business Day, the average of the quotations for such day on such transactions received by the
Administrative Agent from three federal funds brokers of recognized standing selected by the
Administrative Agent.

     “Fee Letter” shall mean that certain letter agreement dated as of September 10, 2007,
executed by the Administrative Agent and Wachovia Capital Markets LLC and addressed to and accepted
by the Borrower.

     “Fitch” shall mean Fitch, Inc., or its successor.

     “Foreign Subsidiary” shall mean any Subsidiary of the Borrower that does not
constitute a Domestic Subsidiary.

     “Fund” shall mean 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 business.

     “GAAP” shall mean generally accepted accounting principles in the United States of
America.

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

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

     “Hazardous Materials” shall mean 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,

9

 

infectious or medical wastes and all other substances or wastes of any nature, in each case which
are regulated pursuant to any Environmental Law.

     “Immaterial Subsidiary” shall mean a Subsidiary the book value of whose net assets, as
of the date of the balance sheet most recently delivered by the Borrower pursuant to Section
5.1(i) or 5.1(ii) or, if prior to the date of delivery of the first balance sheet to be
delivered pursuant to Section 5.1(i) or 5.1(ii), the balance sheet most recently
delivered pursuant to Section 6.1 of the Existing Credit Agreement, does not exceed $25,000,000.

     “Indebtedness” of any Person shall mean, without duplication, (a) all obligations of
such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures,
notes or similar instruments, (c) all obligations of such Person under conditional sale or other
title retention agreements relating to property acquired by such Person or in respect of the
deferred purchase price of property or services (excluding any such obligations incurred in the
ordinary course of business and deferred compensation), (d) all Indebtedness of others secured by
any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured
thereby has been assumed, (e) all Guarantees by such Person of Indebtedness of others, (f) all
Capital Lease Obligations of such Person, (g) all obligations, contingent or otherwise, of such
Person as an account party in respect of letters of credit and letters of guaranty and (h) all
obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances. The
Indebtedness of any Person shall include the Indebtedness of any other entity (including any
partnership in which such Person is a general partner) to the extent such Person is liable therefor
as a result of such Person’s ownership interest in or other relationship with such entity, except
to the extent the terms of such Indebtedness provide that such Person is not liable therefor.

     “Interest Coverage Ratio” shall have the meaning set forth in Section 6.7(b).

     “Interest Rate Basis” shall mean the Base Rate or the Eurodollar Basis, as
appropriate.

     “Issuing Bank” shall mean Wells Fargo Bank, National Association (as successor by
merger to Wachovia Bank, National Association).

     “Lender Group” shall mean, collectively, the Administrative Agent, the Issuing Bank
and the Lenders.

     “Lenders” shall mean those lenders whose names are set forth on the signature pages to
this Agreement under the heading “Lenders” and any assignees of the Lenders who hereafter become
parties hereto pursuant to and in accordance with Section 9.5; and “Lender” shall mean any
one of the foregoing Lenders.

     “Letter of Credit Commitment” shall mean $22,240,641.00.

     “Letter of Credit Obligations” shall mean, at any time, the sum of (a) an amount equal
to one hundred percent (100%) of the aggregate undrawn and unexpired amount (including the amount
to which any such Letter of Credit can be reinstated pursuant to the terms of this Agreement) of
the then outstanding Letters of Credit, plus (b) an amount equal to one hundred percent (100%) of
the aggregate drawn, but unreimbursed drawings under any Letters of Credit.

10

 

     “Letter of Credit Reserve Account” shall mean any account maintained by the
Administrative Agent, for the benefit of the Issuing Bank, the proceeds of which shall be applied
as provided in Section 2.14(k).

     “Letters of Credit” shall mean letters of credit issued by the Issuing Bank on behalf
of the Borrower from time to time in accordance with Section 2.14, and shall include the
Existing Letters of Credit; provided, however, that Letters of Credit shall not
include any of the Non-Participated Letters of Credit.

     “Leverage Ratio” shall have the meaning set forth in Section 6.7(a).

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

     “Loan Account” shall mean an account with respect to the Loans and interest thereon.

     “Loan Documents” shall mean this Agreement, any Revolving Loan Notes, the Fee Letter,
the Amendment and Restatement Agreement, all reimbursement agreements and applications relating to
Letters of Credit issued hereunder, all legal opinions or reliance letters issued by counsel to the
Borrower in connection herewith and all compliance certificates.

     “Loans” shall mean, collectively, the Revolving Loans.

     “Majority Lenders” shall mean (a) as of any date of calculation prior to the
termination of the aggregate Revolving Loan Commitments, Lenders the sum of whose Revolving Loan
Commitments on such date of calculation exceeds fifty percent (50%) of the aggregate Revolving Loan
Commitments on such date of calculation, or (b) as of any date of calculation
after termination of the aggregate Revolving Loan Commitments, Lenders the total of whose
Revolving Loans outstanding plus participation interests in Letter of Credit Obligations and Swing
Loans outstanding, as applicable, on such date of calculation exceeds fifty percent (50%) of the
Aggregate Revolving Credit Obligations as of such date of calculation.

     “Material Acquisition” shall mean any acquisition of property or series of related
acquisitions of property that (a) constitutes (i) assets comprising all or substantially all or any
significant portion of a business or operating unit of a business, or (ii) all or substantially all
of the common stock or other Equity Interests of a Person, and (b) involves the payment of
consideration by the Borrower and its Subsidiaries in excess of $100,000,000.

     “Material Adverse Effect” shall mean a material adverse effect on (a) the business,
assets, operations or financial condition of the Borrower and its Subsidiaries, taken as a whole,
(b) the ability of the Borrower to perform any of its payment obligations under this Agreement or
(c) the validity or enforceability of this Agreement or any and all other Loan Documents or the
rights or remedies of the Administrative Agent and the Lenders thereunder.

11

 

     “Material Disposition” shall mean any sale, transfer or disposition of property or
series of related sales, transfers, or dispositions of property that yields gross proceeds to the
Borrower or any of its Subsidiaries in excess of $100,000,000.

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

     “Maturity Date” shall mean October 16, 2012.

     “Moody’s” shall mean Moody’s Investors Service, Inc.

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

     “New Credit Agreement” shall have the meaning set forth in the Amendment and
Restatement Agreement.

     “Non-Participated Letters of Credit” shall mean letters of credit issued by any
financial institution for the account of the Borrower from time to time in the ordinary course of
its business, other than Letters of Credit issued by the Issuing Bank, in such capacity and not
individually, pursuant to the terms of this Agreement.

     “Notice of Conversion/Continuation” shall mean a notice in substantially the form of
Exhibit C.

     “Obligations” shall mean (a) all payment and performance obligations as existing from
time to time of the Borrower to the Lender Group under this Agreement and the other Loan Documents
(including all Letter of Credit Obligations and including any interest, fees and expenses that, but
for the provisions of the Bankruptcy Code, would have accrued), or as a result of making the Loans
or issuing the Letters of Credit, and (b) the obligation to pay an amount equal to the amount of
any and all damages which the Lender Group, or any of them, may suffer by reason of a breach by the
Borrower of any obligation, covenant, or undertaking with respect to this Agreement or any other
Loan Document.

     “OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control,
and any successor thereto.

     “Participant” shall mean a bank or other entity to which any Lender shall have sold a
participation in all or a portion of such Lender’s rights and/or obligations under this Agreement
pursuant to Section 9.5(d).

     “Payment Date” shall mean the last day of each Eurodollar Advance Period for a
Eurodollar Advance.

12

 

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

     “Permitted Encumbrances” shall mean:

     (a) Liens for Taxes that are not yet due, are being contested in compliance with Section
5.4 or secure amounts that are not material to the Borrower and its Subsidiaries taken as a
whole;

     (b) landlords’ carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other
like Liens imposed by law, arising in the ordinary course of business;

     (c) pledges and deposits made in the ordinary course of business in compliance with workers’
compensation, unemployment insurance, social security laws or regulations or similar laws or
regulations, or insurance related obligations (including pledges or deposits securing liability to
insurance carriers under insurance or self-insurance arrangements);

     (d) pledges, deposits or Liens in connection with bids, tenders, contracts (other than for
borrowed money) or leases, or to secure utilities, licenses, public or statutory obligations, or to
secure surety, indemnity, judgment, appeal or performance bonds, guarantees of government contracts
(or other similar bonds, instruments or obligations), or as security for contested taxes or import
or customs duties or for the payment of rent or other obligations of like nature, in each case
incurred in the ordinary course of business;

     (e) judgment Liens in respect of judgments that do not constitute an Event of Default under
clause (xi) of Article VII;

     (f) encumbrances, ground leases easements (including reciprocal easement agreements), survey
exceptions, or reservations of, or rights of others for, licenses, rights of way, sewers, canals,
ditches, water rights, highways, roads, railroads, fences, oil and gas leases, electric lines, data
communications, and telephone lines and other similar purposes, or zoning, building codes or other
restrictions (including minor defects or irregularities in title and similar encumbrances) as to
the use of the real properties or Liens incidental to the conduct of the business of the Borrower
and its Subsidiaries or to the ownership of its properties which do not in the aggregate materially
adversely affect the value of said properties or materially impair their use in the operation of
the business of the Borrower and its Subsidiaries;

     (g) contractual Liens which arise in the ordinary course of business under operating
agreements, joint venture agreements, partnership agreements, leases, areas of mutual interest
agreements, royalty agreements, marketing agreements, processing agreements, development
agreements, and other agreements which are usual and customary in the mining business;

     (h) leases, licenses, subleases and sublicenses of assets (including real property and
intellectual property rights), in each case entered into in the ordinary course of business;

     (i) Liens arising by virtue of any statutory or common law provisions relating to banker’s
Liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds
maintained with a depository or financial institution;

13

 

     (j) Liens arising from Uniform Commercial Code financing statement filings (or similar filings
in other applicable jurisdictions) regarding operating leases entered into by the Borrower and its
Subsidiaries in the ordinary course of business;

     (k) any interest or title of a lessor under any operating lease;

     (l) (i) mortgages, liens, security interests, restrictions, encumbrances or other matters of
record that have been placed by any government, statutory or regulatory authority, developer,
landlord or other third party on property over which the Borrower or any Subsidiary has easement
rights or on any leased property and subordination or similar arrangements relating thereto and
(ii) any condemnation or eminent domain proceedings affecting any real property;

     (m) any encumbrances or restriction (including put and call arrangements) with respect to
Equity Interests of any joint venture or similar arrangement pursuant to any joint venture or
similar agreement;

     (n) Liens on property or assets under construction (and related rights) in favor of a
contractor or developer or arising from progress or partial payments by a third party relating to
such property or assets;

     (o) Liens securing or arising by reason of any netting or setoff arrangement entered into in
the ordinary course of banking or other trading activities or Liens over cash accounts securing
cash pooling arrangements; and

     (p) Liens arising out of conditional sale, title retention, hire purchase, consignment or
similar arrangements for the sale of goods entered into in the ordinary course of business;

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

     “Permitted Investments” shall mean:

     (a) direct obligations of, or obligations the principal of and interest on which are
unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent
such obligations are backed by the full faith and credit of the United States of America), in each
case maturing within one year from the date of acquisition thereof;

     (b) investments in commercial paper maturing within 270 days from the date of acquisition
thereof and having, at such date of acquisition, a credit rating from S&P of A-2 or higher or from
Moody’s of P-2 or higher;

     (c) investments in certificates of deposit, banker’s acceptances and time deposits maturing
within one year from the date of acquisition thereof issued or guaranteed by or placed with, and
money market deposit accounts issued or offered by, (i) any commercial bank which has a short term
deposit rating issued by S&P of A-2 or higher or by Moody’s of P-2 or higher or (ii) any commercial
bank organized under the laws of the United States of America or any State thereof which has a
combined capital and surplus and undivided profits of not less than $250,000,000;

14

 

     (d) repurchase agreements with a term of not more than one year for securities described in
clauses (a), (b) and (c);

     (e) money market funds that (i) are rated AAA by S&P and Aaa by Moody’s and (ii) have
portfolio assets of at least $1,000,000,000;

     (f) (i) short-term obligations issued by any local commercial bank or trust company located in
those areas where the Borrower or a Subsidiary conducts its business, whose deposits are insured by
the Federal Deposit Insurance Corporation, or (ii) commercial bank-insured money market funds, or
any combination of the types of investments described in this clause (f);

     (g) the following types of investments in accordance with investment policies approved by the
Board of Directors of the Borrower: (i) taxable municipal securities, (ii) asset backed securities,
(iii) corporate bonds, notes and floating rate notes including medium term notes, (iv) fixed income
mutual funds, (v) short duration mortgage-backed securities, (vi) tax-exempt commercial paper,
(vii) municipal notes and bonds, (viii) tax-exempt valuable rate demand notes, (ix) tax-exempt
money market funds and (x) tax-exempt fixed income funds; and

     (h) in the case of any Subsidiary organized or conducting business outside the United States,
investments denominated in the currency of the jurisdiction in which such Subsidiary is
organized or conducts business which are similar to the assets referred to in clauses (a),
(b), (c), (d), (e), (f) and (g) above.

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

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

     “Pro Forma Basis” shall mean, with respect to any event, that the Borrower is in
compliance on a pro forma basis with the applicable covenant, calculation or requirement herein
recomputed as if the event with respect to which compliance on a Pro Forma Basis is being tested
had occurred on the first day of the four fiscal quarter period most recently ended on or prior to
such date for which financial statements have been delivered pursuant to Section 5.1.

     “Register” shall have the meaning set forth in Section 9.5(c).

     “Reimbursement Obligations” shall mean the payment obligations of the Borrower under
Section 2.14(d).

     “Related Parties” shall mean, 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.

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     “Restatement Effective Date” shall having the meaning set forth in the Amendment and
Restatement Agreement.

     “Revolving Commitment Ratio” shall mean, with respect to any Lender, the ratio,
expressed as a percentage, of (a) the Revolving Loan Commitment of such Lender, divided by (b) the
aggregate Revolving Loan Commitments of all Lenders, which, as of the Restatement Effective Date,
are set forth (together with Dollar amounts thereof) on Schedule 2 hereto.

     “Revolving Loan Commitment” shall mean, with respect to any Lender, the several
obligation of such Lender to advance to the Borrower on or after the Agreement Date an aggregate
amount not to exceed, at any time, the amount set forth opposite such Lender’s name on Schedule
2 pursuant to the terms of this Agreement, and as such amount may be reduced from time to time,
pursuant to the terms of this Agreement.

     “Revolving Loan Notes” shall mean those certain promissory notes issued by the
Borrower to each of the Lenders that requests a promissory note, in accordance with each such
Lender’s Revolving Loan Commitment, in substantially the form of Exhibit D.

     “Revolving Loans” shall mean, collectively, amounts advanced from time to time by the
Lenders to the Borrower under the Revolving Loan Commitment and the Existing Credit Agreement, not
to exceed the amount of the Revolving Loan Commitment, and shall include the loans set forth on
Schedule 3 hereto.

     “S&P” shall mean Standard & Poor’s Ratings Services, a Standard & Poor’s Financial
Services LLC business.

     “subsidiary” shall mean, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity the accounts of
which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as
well as any other corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than 50% of the equity or
more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, Controlled or held, or (b) that is, as
of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by
the parent and one or more subsidiaries of the parent.

     “Subsidiary” shall mean any subsidiary of the Borrower.

     “Swap Agreement” shall mean any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom stock or
similar plan providing for payments only on account of services provided by current or former
directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap
Agreement.

16

 

     “Swing Loans” shall mean the loans previously made by the Swing Bank (as defined in
the Existing Credit Agreement) to the Borrower under Section 2.1(c) the Existing Credit Agreement,
it being understood that no such loans are outstanding as of the Agreement Date and no such loans
will be made after the Agreement Date.

     “Transactions” shall mean the execution, delivery and performance by the Borrower of
this Agreement and the other Loan Documents, the borrowing of Loans hereunder, the use of the
proceeds thereof and the maintenance of Letters of Credit hereunder.

     “Transition Date” shall mean, with respect to each Existing Auto-Extending Letter of
Credit, the date set forth on Schedule 1 hereto under the column headed “Transition Date”
for such Existing Auto-Extending Letter of Credit.

     “Uniform Customs” shall mean the Uniform Customs and Practice for Documentary Credits
(1993 Revision), International Chamber of Commerce Publication No. 500, as the same may be amended
from time to time.

     “Voidable Transfer” shall have the meaning set forth in Section 9.17.

     “Wells Fargo” means Wells Fargo Bank, National Association, and its successors and
assigns.

     “Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part 1 of
Subtitle E of Title IV of ERISA.

     Section 1.2 Other Interpretive Matters. 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”. The word “law” shall be construed as referring to all statutes, rules, regulations, codes
and other laws (including official rulings and interpretations thereunder having the force of law
or with which affected Persons customarily comply), and all judgments, orders and decrees, of all
Governmental Authorities. Unless the context requires otherwise (i) any definition of or reference
to any agreement, instrument or other document herein shall be construed as referring to such
agreement, instrument or other document as from time to time amended, restated, supplemented or
otherwise modified (subject to any restrictions on such amendments, restatements, supplements or
modifications set forth herein), (ii) any definition of or reference to any statute, rule or
regulation shall be construed as referring thereto as from time to time amended, supplemented or
otherwise modified (including by succession of comparable successor laws), (iii) any reference
herein to any Person shall be construed to include such Person’s successors and assigns (subject to
any restrictions on assignment set forth herein) and, in the case of any Governmental Authority,
any other Governmental Authority that shall have succeeded to any or all functions thereof, (iv)
the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to
refer to this Agreement in its entirety and not to any particular provision hereof, (v) all
references herein to Articles, Sections, Exhibits and Schedules

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shall be construed to refer to
Articles and Sections of, and Exhibits and Schedules to, this Agreement 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.

     Section 1.3 Accounting Principles. Except as otherwise expressly provided herein, all
terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect
from time to time; provided that, (a) for purposes of determining compliance with any
provision of this Agreement, the determination of whether a lease is to be treated as an operating
lease or capital lease shall be made without giving effect to any change in accounting for leases
pursuant to GAAP resulting from the implementation of proposes Accounting Standards Update
(ASU) Leases (Topic 840) issued August 17, 2010, or any successor proposal and (b) if the
Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision
hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the
application thereof on the operation of such provision (or if the Administrative Agent notifies the
Borrower that the Required Lenders request an amendment to any provision hereof for such purpose),
regardless of whether any such notice is given before or after such change in GAAP or in the
application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and
applied immediately before such change shall have become effective until such notice shall have
been withdrawn or such provision amended in accordance herewith. Notwithstanding any other
provision contained herein, all terms of an accounting or financial nature used herein shall be
construed, and all computations of amounts and ratios referred to herein shall be made (i) without
giving effect to any election under Accounting Standards Codification 825-10-25 (or any other
Accounting Standards Codification or Financial Accounting Standard having a similar result or
effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair
value”, as defined therein and (ii) without giving effect to any treatment of Indebtedness in
respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any
other Accounting Standards Codification or Financial Accounting Standard having a similar result or
effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and
such Indebtedness shall at all times be valued at the full stated principal amount thereof.

ARTICLE
II

THE LOANS AND THE LETTERS OF CREDIT

     Section 2.1 Credit. Subject to the terms and conditions of, and in reliance upon the
representations and warranties made in, this Agreement and the other Loan Documents, each Lender
agrees, severally and not jointly, to make Revolving Loans in Dollars to the Borrower, from time to
time during the period from the Agreement Date to the Commitment Termination Date, in an aggregate
amount not to exceed at any time its Revolving Loan Commitment; provided that no Revolving
Loans shall be made if, immediately after giving effect thereto, the Aggregate Revolving Credit
Obligations outstanding at such time shall exceed the aggregate Revolving Loan Commitments. For
the avoidance of doubt, from and after the Agreement Date, none of the Lenders shall have any
obligation to make any Advances or Loans other than as specifically provided in Section
2.14(d).

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     Section 2.2 Manner of Borrowing and Disbursement of Loans.

     (a) Choice of Interest Rate, etc. Any Revolving Loans shall, at the option of the
Borrower, be maintained as either a Base Rate Advance or a Eurodollar Advance; provided,
however, that (i) if the Borrower fails to give the Administrative Agent written notice
specifying whether a Eurodollar Advance is to be repaid, continued or converted on a Payment Date,
such Advance shall be converted to a Base Rate Advance on the Payment Date, and (ii) the Borrower
may not select a Eurodollar Advance (A) with respect to an Advance, the proceeds of which are
to reimburse the Issuing Bank pursuant to Section 2.14, or (B) if, at the time of such
Advance, a Default or an Event of Default has occurred and is continuing. Any notice given to the
Administrative Agent in connection with a requested Advance hereunder shall be given to the
Administrative Agent prior to 11:00 a.m. (Eastern time) in order for such Business Day to count
toward the minimum number of Business Days required.

     (b) Base Rate Advances. The Borrower may (i) repay a Base Rate Advance at any time or
(ii) upon at least three (3) Business Days’ irrevocable prior written notice to the Administrative
Agent in the form of a Notice of Conversion/Continuation, convert all or a portion of the principal
thereof to one or more Eurodollar Advances. Upon the date indicated by the Borrower, such Base
Rate Advance shall be so repaid or converted.

     (c) Eurodollar Advances.

     (i) Repayments, Continuations and Conversions. At least three (3) Business
Days prior to each Payment Date for a Eurodollar Advance, the Borrower shall give the
Administrative Agent written notice in the form of a Notice of Conversion/Continuation
specifying whether all or a portion of such Eurodollar Advance outstanding on such Payment
Date is to be continued in whole or in part as one or more new Eurodollar Advances and also
specifying the Eurodollar Advance Period applicable to each such new Eurodollar Advance (and
subject to the provisions of this Agreement, upon such Payment Date, such Eurodollar Advance
shall be so continued). Upon such Payment Date, any Eurodollar Advance (or portion thereof)
not so continued shall be converted to a Base Rate Advance or, subject to Section
2.5, be prepaid or repaid.

     (ii) Miscellaneous. Notwithstanding any term or provision of this Agreement
which may be construed to the contrary, each Eurodollar Advance shall be in a principal
amount of no less than $5,000,000 and in an integral multiple of $1,000,000 in excess
thereof, or the remaining amount of the Revolving Loan Commitment, and at no time shall the
aggregate number of all Eurodollar Advances then outstanding exceed seven.

     (d) Notification of Lenders. Upon receipt of a (i) notification from the Issuing Bank
that a draw has been made under any Letter of Credit or (ii) notice from the Borrower with respect
to any continuation or conversion of an outstanding Eurodollar Advance prior to the Payment Date
for such Advance, the Administrative Agent shall promptly notify each Lender by telephone or
telecopy of the contents thereof and the amount of each Lender’s portion of any such Advance. Each
Lender shall, not later than 2:00 p.m. (Eastern time) on the date specified for the borrowing of an
Advance in such notice, make available to the Administrative Agent at

19

 

the Administrative Agent’s
Office, or at such account as the Administrative Agent shall designate, the amount of such Lender’s
portion of the Advance in immediately available funds.

     (e) Disbursement. Prior to 3:00 p.m. (Eastern time) on the date of an Advance
hereunder, the Administrative Agent shall disburse the amounts made available to the Administrative
Agent by the Lenders in like funds by transferring such amounts to the Issuing Bank. Unless the
Administrative Agent shall have received notice from a Lender prior to 12:00
noon (Eastern time) on the date of any Advance that such Lender will not make available to the
Administrative Agent such Lender’s ratable portion of such Advance, the Administrative Agent may
assume that such Lender has made or will make such portion available to the Administrative Agent on
the date of such Advance and the Administrative Agent may, in its sole discretion and in reliance
upon such assumption, make available to the Borrower on such date a corresponding amount. If and
to the extent such Lender shall not have so made such ratable portion available to the
Administrative Agent, such Lender agrees to repay to the Administrative Agent forthwith on demand
such corresponding amount together with interest thereon, for each day from the date such amount is
made available to the Borrower until the date such amount is repaid to the Administrative Agent,
(x) for the first two (2) Business Days, at the Federal Funds Rate, and (y) thereafter, at the Base
Rate. If such Lender shall repay to the Administrative Agent such corresponding amount, such
amount so repaid shall constitute such Lender’s portion of the applicable Advance for purposes of
this Agreement. If such Lender does not repay such corresponding amount immediately upon the
Administrative Agent’s demand therefor, the Administrative Agent shall notify the Borrower, and the
Borrower shall immediately pay such corresponding amount to the Administrative Agent. If both such
Lender and the Borrower shall pay and repay such corresponding amount, the Administrative Agent
shall promptly relend to the Borrower such corresponding amount. The failure of any Lender to fund
its portion of any Advance shall not relieve any other Lender of its obligation, if any, hereunder
to fund its respective portion of the Advance on the date of such borrowing, but no Lender shall be
responsible for any such failure of any other Lender. In the event that a Lender for any reason
fails or refuses to fund its portion of an Advance in violation of this Agreement, then, until such
time as such Lender has funded its portion of such Advance, or all other Lenders have received
payment in full (whether by repayment or prepayment) of the principal and interest due in respect
of such Advance, such non-funding Lender shall not (i) have the right to vote regarding any issue
on which voting is required or advisable under this Agreement or any other Loan Document and, with
respect to any such Lender, the amount of the Revolving Loan Commitment or Loans, as applicable,
held by such Lender shall not be counted as outstanding for purposes of determining “Majority
Lenders” hereunder, and (ii) be entitled to receive any payments of principal, interest or fees
from the Borrower or the Administrative Agent (or the other Lenders) in respect of its Loans.

     Section 2.3 Interest.

     (a) On Revolving Loans. Interest on Advances under the Revolving Loan Commitment,
subject to Sections 2.3(b) and 2.3(c), shall be payable as follows:

     (i) On Base Rate Advances. Interest on each Base Rate Advance shall be
computed on the basis of a 365/366-day year for the actual number of days elapsed and shall
be payable quarterly in arrears on the first day of each calendar quarter for the prior

20

 

calendar quarter, commencing on January 1, 2008. Interest on Base Rate Advances
then outstanding shall also be due and payable on the Maturity Date; provided that
in the event the Loans are repaid or prepaid in full and the Revolving Loan Commitments have
been terminated, then accrued interest in respect of all Base Rate Advances shall be payable
together with such repayment or prepayment on the date thereof. Interest shall accrue and
be payable on each Base Rate Advance at the simple per annum interest rate equal to the sum
of (A) the Base Rate and (B) the Applicable Rate then in effect with respect to Base Rate
Advances.

     (ii) On Eurodollar Advances. Interest on each Eurodollar Advance shall be
computed on the basis of a hypothetical 360-day year for the actual number of days elapsed
and shall be payable in arrears (A) on the applicable Payment Date for such Advance and (B)
if the Eurodollar Advance Period for such Eurodollar Advance exceeds three (3) months,
interest on such Eurodollar Advance shall be due and payable in arrears on every three (3)
month anniversary of such Eurodollar Advance. Interest on Eurodollar Advances then
outstanding shall also be due and payable on the Maturity Date; provided that in the
event all Eurodollar Advances made pursuant to a single borrowing are repaid or prepaid in
full, then accrued interest in respect of such Eurodollar Advances shall be payable together
with such repayment or prepayment on the date thereof. Interest shall accrue and be payable
on each Eurodollar Advance at the simple per annum interest rate equal to the sum of (x) the
Eurodollar Basis applicable to such Eurodollar Advance and (y) the Applicable Rate then in
effect with respect to Eurodollar Advances.

     (iii) If No Notice of Selection of Interest Rate. If the Borrower fails to
give the Administrative Agent timely notice of its selection of a Eurodollar Basis, or if
for any reason a determination of a Eurodollar Basis for any Advance is not timely
concluded, the Base Rate shall apply to such Advance. If the Borrower fails to elect to
continue any Eurodollar Advance then outstanding prior to the last Payment Date applicable
thereto in accordance with the provisions of Section 2.2, as applicable, the Base
Rate shall apply to such Advance commencing on and after such Payment Date.

          (b) Upon Default. Upon the occurrence and during the continuance of an Event of
Default, interest on the outstanding Obligations shall accrue at the Default Rate from the date of
such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any
event on the Maturity Date and shall accrue until the earliest to occur of (i) waiver of the
applicable Event of Default in accordance with Section 9.12, (ii) agreement by the Majority
Lenders to rescind the charging of interest at the Default Rate or (iii) payment in full of the
Obligations. The Lenders shall not be required to (A) accelerate the maturity of the Loans, (B)
terminate the Revolving Loan Commitment or (C) exercise any other rights or remedies under the Loan
Documents in order to charge interest hereunder at the Default Rate.

          (c) Computation of Interest. In computing interest on any Advance, the date of making
the Advance shall be included and the date of payment shall be excluded; provided,
however, that if an Advance is repaid on the date that it is made, one (1) day’s interest
shall be due with respect to such Advance.

21

 

     Section 2.4 Fees.

     (a) Fee Letter. The Borrower agrees to pay to the Administrative Agent such fees as
are set forth in the Fee Letter.

     (b) Facility Fee. The Borrower agrees to pay to the Administrative Agent for the
account of the Lenders, in accordance with their respective Revolving Commitment Ratios, a facility
fee on the Revolving Loan Commitment (regardless of usage) for each day from the Existing Agreement
Date through the Maturity Date (or the date of any earlier prepayment in full of the Obligations),
at a rate equal to the Applicable Rate in effect from time to time with respect to the facility
fee. Such facility fee shall be computed on the basis of a hypothetical year of 360 days for the
actual number of days elapsed, shall be payable quarterly in arrears on the first (1st) day of each
calendar quarter for the immediately preceding calendar quarter, commencing on January 1, 2008, and
if then unpaid, on the Maturity Date (or the date of any earlier prepayment in full of the
Obligations), and shall be fully earned when due and non-refundable when paid.

     (c) Letter of Credit Fees.

          (i) The Borrower shall pay to the Administrative Agent for the account of the Lenders,
in accordance with their respective Revolving Commitment Ratios, a fee on the stated amount
of any outstanding Letters of Credit for each day from the Date of Issue through the
Maturity Date (or the date of any earlier prepayment in full of the Obligations) at a rate
per annum on the daily average aggregate stated amount of such Letters of Credit equal to
the Applicable Rate in effect from time to time with respect to Letters of Credit;
provided, however, that following the occurrence and during the continuance
of an Event of Default, the Letter of Credit fee shall be increased by an additional two
percent (2.00%) per annum. Such Letter of Credit fee shall be computed on the basis of a
hypothetical year of 360 days for the actual number of days elapsed, shall be payable
quarterly in arrears on the first (1st) day of each calendar quarter for the immediately
preceding calendar quarter, commencing on January 1, 2008, and if then unpaid, on the
Maturity Date (or the date of any earlier prepayment in full of the Obligations), and shall
be fully earned when due and non-refundable when paid.

          (ii) The Borrower shall also pay to the Issuing Bank (A) a fronting fee on the daily
average aggregate stated amount of the outstanding Letters of Credit for each day from the
Date of Issue through the expiration date of such Letter of Credit (or any earlier
prepayment in full of the Obligations) at a rate of one eighth of one percent (0.125%) per
annum which fee shall be computed on the basis of a hypothetical year of 360 days for the
actual number of days elapsed, shall be payable quarterly in arrears on the first (1st) day
of each calendar quarter for the immediately preceding calendar quarter, commencing on
January 1, 2008, and if then unpaid, on the Maturity Date, (or any earlier prepayment in
full of the Obligations) and (B) any reasonable and customary fees charged by the Issuing
Bank for issuance and administration of such Letters of Credit. The foregoing fees shall be
fully earned when due, and non-refundable when paid.

     (d) Computation of Fees. In computing any fees payable under this Section
2.4, the first day of the applicable period shall be included and the date of payment shall be
excluded.

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     Section 2.5 Prepayment of Advances. The principal amount of any Base Rate Advance may
be repaid in full or in part at any time, without penalty; and the principal amount of any
Eurodollar Advance may be prepaid prior to the applicable Payment Date, upon three Business Days’
prior written notice to the Administrative Agent; provided that the Borrower shall
reimburse the Lenders and the Administrative Agent, on the earlier of demand and the Maturity Date,
for any loss or reasonable out-of-pocket expense incurred by the Lenders or the Administrative
Agent in connection with such prepayment, as set forth in Section 2.10. Each notice of
prepayment of any Eurodollar Advance shall be irrevocable, and each prepayment or repayment made
under this Section 2.5 shall include the accrued interest on the amount so prepaid. Upon
receipt of any notice of prepayment or repayment, the Administrative Agent shall promptly notify
each Lender of the contents thereof by telephone or telecopy and of such Lender’s portion of such
prepayment or repayment. Other than with respect to amounts required to be applied to the
Revolving Loans pursuant to Section 2.6, prepayments of principal hereunder shall be in
minimum amounts of $1,000,000 and integral multiples of $1,000,000 in excess thereof. As provided
in Section 2.7, each prepayment of outstanding Advances shall reduce the aggregate
Revolving Loan Commitments on a dollar-for-dollar basis.

     Section 2.6 Repayment.

     (a) All unpaid principal and accrued interest on the Revolving Loans shall be due and payable
in full on the Maturity Date.

     (b) In addition to the foregoing, the Borrower hereby promises to pay all Obligations,
including the principal amount of the Loans, all Base Rate Advances made pursuant to draws under
the Letters of Credit and all interest and fees on the foregoing, as the same become due and
payable hereunder and, in any event, on the Maturity Date.

     Section 2.7 Permanent Reduction of Commitment.

     (a) At any time that the Borrower makes any prepayment under Section 2.5 or any
repayment under Section 2.6 of the principal amount of any Advance or Loan, and at any time
that a Letter of Credit expires by its terms or is or is deemed terminated, the aggregate Revolving
Loan Commitments shall be permanently reduced on a pro rata basis among the Lenders in accordance
with their respective Revolving Commitment Ratios in an aggregate amount equal to the amount of
such prepayment or repayment or such expired or terminated Letter of Credit, as the case may be.

     (b) In the event any such reduction under Section 2.7(a) shall have the effect of
reducing the Revolving Loan Commitment to zero (it being understood that such reduction is only
possible when no Letter of Credit Obligations remain outstanding), the Revolving Loan Commitment
shall be permanently cancelled.

     (c) As of the date of any such cancellation or reduction, the Borrower shall pay to the
Administrative Agent for the account of the Lenders the accrued interest on the amount so prepaid
or repaid and the facility fee set forth in Section 2.4(b) accrued through the date of the
reduction with respect to the amount reduced, and shall reimburse the Administrative Agent and

23

 

the Lenders for any loss or out-of-pocket expense incurred by any of them in connection with
such payment as set forth in Section 2.10.

     Section 2.8 Revolving Loan Notes; Loan Accounts.

     (a) The Revolving Loans shall be repayable in accordance with the terms and provisions set
forth herein and, upon request by any Lender, the Revolving Loans owed to such Lender shall be
evidenced by Revolving Loan Notes. Each Revolving Loan Note shall be payable to the order of each
Lender requesting the same in accordance with such Lender’s Revolving Commitment Ratio. Any such
Revolving Loan Notes shall be issued by the Borrower to the Lenders and shall be duly executed and
delivered by an Authorized Signatory of the Borrower.

     (b) The Administrative Agent may open and maintain on its books in the name of the Borrower a
Loan Account. The Administrative Agent shall debit such Loan Account for the principal amount of
each Advance made by it on behalf of the Lenders, accrued interest thereon, and all other amounts
which shall become due from the Borrower pursuant to this Agreement and shall credit the Loan
Account for each payment which the Borrower shall make in respect to the Obligations. The records
of the Administrative Agent with respect to such Loan Account shall be conclusive evidence of the
Loans and accrued interest thereon, absent manifest error.

     Section 2.9 Manner of Payment.

     (a) When Payments Due. Each payment (including any prepayment) by the Borrower on
account of the principal of or interest on the Loans, fees, and any other amount owed to any member
of the Lender Group under this Agreement or any of the other Loan Documents shall be made not later
than 1:00 p.m. (Eastern time) on the date specified for payment under this Agreement or any other
Loan Document to the Administrative Agent at the Administrative Agent’s Office, for the account of
the Lenders, the Issuing Bank or the Administrative Agent, as the case may be, in Dollars and in
immediately available funds. Any payment received by the Administrative Agent after 1:00 p.m.
(Eastern time) shall be deemed received on the next Business Day. In the case of a payment for the
account of a Lender, the Administrative Agent will promptly thereafter distribute the amount so
received in like funds to such Lender. If the Administrative Agent shall not have received any
payment from the Borrower as and when due, the Administrative Agent will promptly notify the
Lenders accordingly. If any payment under this Agreement or any Revolving Loan Note shall be
specified to be made upon a day which is not a Business Day, it shall be made on the next
succeeding day which is a Business Day, and such extension of time shall in such case be included
in computing interest and fees, if any, in connection with such payment.

     (b) No Deduction.

     (i) The Borrower agrees to pay principal, interest, fees, and all other amounts due
hereunder or under any other Loan Documents without setoff or counterclaim or any deduction
whatsoever. Any and all payments by or on account of any obligation of the Borrower
hereunder or under any other Loan Document shall be made free and clear of and without
reduction or withholding for any taxes. If the Borrower shall hereafter be

24

 

required by law to deduct any taxes from or in respect of any sum payable hereunder or
under any other Loan Documents to any Lender, the Issuing Bank or the Administrative Agent,
(A) the sum payable shall be increased as may be necessary so that after making all required
deductions (including deductions applicable to additional sums payable under this
Section 2.9(b)), such Lender, the Issuing Bank or the Administrative Agent (as the
case may be) receives an amount equal to the sum it would have received had no such
deductions been made, (B) the Borrower shall make such deductions, and (C) the Borrower
shall pay the full amount deducted to the relevant taxation authority or other authority in
accordance with Applicable Law. The Borrower shall indemnify the Administrative Agent, each
Lender and the Issuing Bank, within ten days after demand therefor, for the full amount of
any taxes (including taxes imposed or asserted on or attributable to amounts payable under
this Section) paid by the Administrative Agent, such Lender or the Issuing Bank, as the case
may be, and any penalties, interest and reasonable expenses arising therefrom or with
respect thereto, whether or not such 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 Issuing Bank (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a
Lender or the Issuing Bank, shall be conclusive absent manifest error.

     (ii) On or prior to the Existing Agreement Date and on or prior to the first Business
Day of each calendar year thereafter, each Lender that is organized in a jurisdiction other
than the United States or a political subdivision thereof shall provide each of the
Administrative Agent and the Borrower with either (a) two (2) properly executed originals of
Form W-8ECI or Form W-8BEN (or any successor forms) prescribed by the Internal Revenue
Service or other documents satisfactory to the Borrower and the Administrative Agent, as the
case may be, certifying (i) as to such Lender’s status for purposes of determining exemption
from or a reduction in United States withholding taxes with respect to all payments to be
made to such Lender hereunder and under any other Loan Documents, or (ii) that all payments
to be made to such Lender hereunder and under any other Loan Documents are subject to such
taxes at a rate reduced to zero by an applicable tax treaty, or (b) (i) a certificate
executed by such Lender certifying that such Lender is not a “bank” and that such Lender
qualifies for the portfolio interest exemption under Section 881(c) of the Code, and (ii)
two (2) properly executed originals of Internal Revenue Service Form W-8BEN (or any
successor form), in each case, certifying such Lender’s entitlement to an exemption from or
a reduction in United States withholding tax with respect to payments of interest to be made
hereunder or under any other Loan Documents. Each such Lender agrees to provide the
Administrative Agent and the Borrower with new forms prescribed by the Internal Revenue
Service upon the expiration or obsolescence of any previously delivered form, or after the
occurrence of any event requiring a change in the most recent forms delivered by it to the
Administrative Agent and the Borrower.

     Section 2.10 Reimbursement. Whenever any Lender shall sustain or incur any losses,
liabilities or out-of-pocket expenses in connection with (a) a failure by the Borrower to continue
any Eurodollar Advance, or convert any Advance to a Eurodollar Advance, in each case, after having
given notice of its intention to do so in accordance with
Section 2.2 (whether by reason of

25

 

the election of the Borrower not to proceed or otherwise), (b) any prepayment, repayment or
conversion of any Eurodollar Advance in whole or in part on a date other than the last day of any
Eurodollar Advance Period applicable thereto (including as a consequence of any acceleration of the
maturity of the Loans pursuant to Article VII), (c) a failure by the Borrower to prepay any
Eurodollar Advance after giving notice of its intention to prepay such Advance or (d) any
assignment to replace a Lender pursuant to Section 10.2(b), the Borrower agrees to pay to
such Lender, upon the earlier of such Lender’s demand or the Maturity Date, an amount sufficient to
compensate such Lender for all such losses and out-of-pocket expenses; provided,
however, that notwithstanding the foregoing, the Borrower shall have no obligation to make
any such payment in respect of any such losses, liabilities or expenses incurred more than one
hundred eighty (180) days prior to its receipt of demand from such Lender. A certificate
indicating the computation of the amount of such losses, liabilities and out-of-pocket expenses
sustained or increased by any Lender as a result of any event referred to in this paragraph
submitted by such Lender to the Borrower shall be binding and conclusive, absent manifest error, as
to the amount thereof. Losses subject to reimbursement hereunder shall include, without
limitation, expenses incurred by any Lender or any participant of such Lender permitted hereunder
in connection with the liquidation or re-employment of funds prepaid, repaid, not borrowed, or
paid, as the case may be.

     Section 2.11 Pro Rata Treatment.

     (a) Advances. Each Advance with respect to the Revolving Loans from the Lenders under
this Agreement shall be made pro rata on the basis of their respective Revolving Commitment Ratios.

     (b) Payments. Each payment and prepayment of the principal of the Revolving Loans and
each payment of interest on the Revolving Loans received from the Borrower shall be made by the
Administrative Agent to the Lenders pro rata on the basis of their respective unpaid principal
amounts thereof outstanding immediately prior to such payment or prepayment (except in cases when a
Lender’s right to receive payments is restricted pursuant to Section 2.2(e)). If any
Lender shall obtain any payment (whether involuntary, through the exercise of any right of setoff
or counterclaim, or otherwise) on account of the Revolving Loans or other Obligations in excess of
its ratable share (based upon its Revolving Commitment Ratio), or in violation of any restriction
set forth in Section 2.2(e), such Lender shall forthwith purchase from the other Lenders
such participation in the Revolving Loans and such other Obligations made by them as shall be
necessary to cause such purchasing Lender to share the excess payment ratably with each of them;
provided, however, that if all or any portion of such excess payment is thereafter
recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such
Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery
without interest thereon unless the Lender obligated to repay such amount is required to pay
interest. The provisions of this Section 2.11(b) shall not be construed to apply to (x)
any payment made by the Borrower pursuant to and in accordance with the express terms of this
Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of
a participation in any of its Loans or participations in Letter of Credit Obligations to any
Eligible Assignee or Participant, other than to the Borrower or any Subsidiary thereof (as to which
the provisions of this Section 2.11(b) shall apply). The Borrower agrees that any Lender
so purchasing a participation from another Lender pursuant to this Section 2.11(b) may, to
the fullest extent permitted by law, exercise all its rights of payment (including the right of
setoff

26

 

and counterclaim) with respect to such participation as fully as if such Lender were the
direct creditor of the Borrower in the amount of such participation. If under any applicable
bankruptcy, insolvency or similar law, any Lender receives a secured claim in lieu of a setoff to
which this Section 2.11(b) applies, such Lender shall, to the extent practicable, exercise
its rights in respect of such secured claim in a manner consistent with the rights of the Lenders
entitled under this Section 2.11(b) to share in the benefits of any recovery on such
secured claim.

     Section 2.12 Application of Payments.

     (a) Payments Prior to Event of Default. Prior to the occurrence and continuance of
any Event of Default, all amounts received by the Administrative Agent from the Borrower (other
than payments specifically earmarked for application to certain principal, interest, fees or
expenses hereunder or payments made pursuant to Section 2.6), shall be distributed by the
Administrative Agent in the following order of priority: FIRST, to pay any fees, indemnities or
expense reimbursements then due to the Administrative Agent (or any Affiliate of the Administrative
Agent) from the Borrower; SECOND, to the payment of fees and expenses then due and payable to the
Administrative Agent hereunder; THIRD, to the payment of any fees and expenses then due and payable
to the Lenders, and the Issuing Bank hereunder or under any other Loan Documents; FOURTH, pro rata
to the payment of interest then due and payable on the Revolving Loans; FIFTH, pro rata to the
payment of principal then due and payable on the Revolving Loans; and SIXTH, to the payment of all
other Obligations not otherwise referred to in this Section 2.12(a) then due and payable.

     (b) Payments Subsequent to Event of Default. Subsequent to the occurrence and during
the continuance of an Event of Default, payments and prepayments with respect to the Obligations
made to the Lender Group, or any of them, or otherwise received by any member of the Lender Group
shall be distributed in the following order of priority (subject, as applicable, to Section
2.11): FIRST, to the costs and expenses (including attorneys’ fees and expenses), if any,
incurred by any member of the Lender Group in the collection of such amounts under this Agreement
or any other Loan Document; SECOND, to any fees then due and payable to the Administrative Agent
under this Agreement or any other Loan Document; THIRD, pro rata to any fees then due and payable
to the Lenders and the Issuing Bank under this Agreement or any other Loan Document; FOURTH, pro
rata to the payment of interest then due and payable on the Revolving Loans; FIFTH, pro rata to the
payment of principal of the Revolving Loans then outstanding; SIXTH, to the Letter of Credit
Reserve Account in an amount equal to one hundred five percent (105%) of any Letter of Credit
Obligations then outstanding which are not supported by a Backup Letter of Credit; SEVENTH, to any
other Obligations not otherwise referred to in this Section 2.12(b); EIGHTH, to damages
incurred by any member of the Lender Group by reason of any breach of this Agreement or of any
other Loan Document; and NINTH, upon satisfaction in full of all Obligations to the Borrower or as
otherwise required by law.

     Section 2.13 Maximum Rate of Interest. The Borrower and the Lender Group hereby agree
and stipulate that the only charges imposed upon the Borrower for the use of money in connection
with this Agreement are and shall be the specific interest and fees described in this Article
II and in any other Loan Document. Notwithstanding the foregoing, the Borrower and the Lender
Group further agree and stipulate that all closing fees, agency fees, syndication fees, facility
fees, underwriting fees, default charges, late charges, funding or “breakage” charges,

27

 

increased cost charges, attorneys’ fees and reimbursement for costs and expenses paid by any
member of the Lender Group to third parties or for damages incurred by the Lender Group, or any of
them, are charges to compensate the Lender Group for underwriting and administrative services and
costs or losses performed or incurred, and to be performed and incurred, by the Lender Group in
connection with this Agreement and the other Loan Documents and shall under no circumstances be
deemed to be charges for the use of money pursuant to any Applicable Law. In no event shall the
amount of interest and other charges for the use of money payable under this Agreement exceed the
maximum amounts permissible under any law that a court of competent jurisdiction shall, in a final
determination, deem applicable. The Borrower and the Lender Group, in executing and delivering
this Agreement, intend legally to agree upon the rate or rates of interest and other charges for
the use of money and manner of payment stated within it; provided, however, that,
anything contained herein to the contrary notwithstanding, if the amount of such interest and other
charges for the use of money or manner of payment exceeds the maximum amount allowable under
Applicable Law, then, ipso facto as of the Agreement Date, the Borrower is and
shall be liable only for the payment of such maximum as allowed by law, and payment received from
the Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the
principal balance of the Loans to the extent of such excess, and any remaining excess shall be
returned to the Borrower.

     Section 2.14 Letters of Credit.

     (a) (i) Each of the Existing Letters of Credit constitutes a Letter of Credit issued under the
Existing Credit Agreement and from and after the Agreement Date shall continue to be outstanding
hereunder and be subject to each of the terms and conditions of this Agreement and the other Loan
Documents. Each Letter of Credit shall be subject to the Uniform Customs and, to the extent not
inconsistent therewith, the laws of the State of New York. The Issuing Bank shall not at any time
be obligated to issue, or to cause to be issued, any Letter of Credit that is not an Existing
Letter of Credit. No Existing Letter of Credit shall be amended to increase the stated amount
thereof.

     (ii) If, on the Transition Date with respect to an Existing Auto-Extending Letter of
Credit, such Existing Auto-Extending Letter of Credit shall, pursuant to the terms of the
New Credit Agreement, be deemed to be a letter of credit outstanding thereunder, then, on
such Transition Date, such Existing Auto-Extending Letter of Credit shall cease to be a
Letter of Credit hereunder and shall, for all purposes of this Agreement, be deemed to have
been terminated on such Transition Date. If an Existing Auto-Extending Letter of Credit
shall not have become a letter of credit outstanding under the New Credit Agreement on the
applicable Transition Date, then the Issuing Bank shall, on or after the Business Day
following such Transition Date, issue a notice of non-renewal with respect to such Existing
Auto-Extending Letter of Credit.

     (b) In addition to the fees payable pursuant to Section 2.4(c)(ii), the Borrower shall
pay or reimburse the Issuing Bank for normal and customary fees and reasonable costs and expenses
incurred by the Issuing Bank in issuing, effecting payment under, amending or otherwise
administering the Letters of Credit.

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     (c) The Issuing Bank has sold and transferred to each Lender, and each Lender has irrevocably
and unconditionally purchased and received from the Issuing Bank, without recourse or warranty, an
undivided interest and participation, to the extent of such Lender’s Revolving Commitment Ratio, in
each Existing Letter of Credit and the obligations of the Borrower with respect thereto (including
all Letter of Credit Obligations with respect thereto). The Issuing Bank shall promptly notify the
Administrative Agent of any draw under a Letter of Credit. At such time as the Administrative
Agent shall be notified by the Issuing Bank that the beneficiary under any Letter of Credit has
drawn on the same, the Administrative Agent shall promptly notify the Borrower and each Lender, by
telephone or telecopy, of the amount of the draw and, in the case of each Lender, such Lender’s
portion of such draw amount as calculated in accordance with its Revolving Commitment Ratio.

     (d) The Borrower hereby agrees to immediately reimburse the Issuing Bank for amounts paid by
the Issuing Bank in respect of draws under each Letter of Credit. In order to facilitate such
repayment, the Borrower hereby irrevocably requests the Lenders, and the Lenders hereby severally
agree, on the terms and conditions of this Agreement, with respect to any drawing under a Letter of
Credit, to make a Base Rate Advance on each day on which a draw is made under any Letter of Credit
and in the amount of such draw, and to pay the proceeds of such Advance directly to the Issuing
Bank to reimburse the Issuing Bank for the amount paid by it upon such draw, and the Administrative
Agent agrees to notify the Borrower promptly after the making of any such Base Rate Advance. Each
Lender shall pay its share of such Base Rate Advance by paying its ratable portion of such Advance
(based on its Revolving Commitment Ratio) to the Administrative Agent in accordance with
Section 2.2(e), without reduction for any setoff or counterclaim of any nature whatsoever
and regardless of whether any Default or Event of Default then exists or would be caused thereby.
The disbursement of funds in connection with a draw under a Letter of Credit pursuant to this
Section 2.14(d) shall be subject to the terms and conditions of Section 2.2(e).
The obligation of each Lender to make payments to the Administrative Agent, for the account of the
Issuing Bank, in accordance with this Section 2.14 shall be absolute and unconditional and
no Lender shall be relieved of its obligations to make such payments by reason of noncompliance by
any other Person with the terms of the Letter of Credit or for any other reason. The
Administrative Agent shall promptly remit to the Issuing Bank the amounts so received from the
other Lenders. Any overdue amounts payable by the Lenders to the Issuing Bank in respect of a draw
under any Letter of Credit shall bear interest, payable on demand, (x) for the first two (2)
Business Days, at the Federal Funds Rate, and (y) thereafter, at the Base Rate.

     (e) The Borrower agrees that each Advance by the Lenders to reimburse the Issuing Bank for
draws under any Letter of Credit, shall, for all purposes hereunder, be deemed to be a Base Rate
Advance under the Revolving Loan Commitment and shall be payable and bear interest in accordance
with all other Base Rate Advances.

     (f) The Borrower agrees that any action taken or omitted to be taken by the Issuing Bank in
connection with any Letter of Credit, except for such actions or omissions as shall constitute
gross negligence or willful misconduct on the part of the Issuing Bank as determined by a final
non-appealable judgment of a court of competent jurisdiction, shall be binding on the Borrower as
between the Borrower and the Issuing Bank, and shall not result in any liability of the Issuing
Bank to the Borrower. The obligation of the Borrower to reimburse the Issuing Bank

29

 

for a drawing under any Letter of Credit or the Lenders for Advances made by them to the
Issuing Bank on account of draws made under the Letters of Credit shall be absolute, unconditional
and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under
all circumstances whatsoever, including the following circumstances:

     (i) any lack of validity or enforceability of any Loan Document or any documents or
instruments relating to any Letter of Credit;

     (ii) any change in the time, manner or place of payment of, or in any other term of,
all or any of the Letter of Credit Obligations or any amendment, modification or waiver of
or consent to any departure from any Letter of Credit or any of the Loan Documents;

     (iii) any improper use which may be made of any Letter of Credit or any improper acts
or omissions of any beneficiary or transferee of any Letter of Credit in connection
therewith;

     (iv) the existence of any claim, setoff, defense or any right which the Borrower may
have at any time against any beneficiary or any transferee of any Letter of Credit (or
Persons for whom any such beneficiary or any such transferee may be acting), any Lender, the
Administrative Agent, the Issuing Bank, or any other Person, whether in connection with any
Letter of Credit, any transaction contemplated by any Letter of Credit, this Agreement, or
any other Loan Document, or any unrelated transaction;

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

     (vi) the insolvency of any Person issuing any documents in connection with any Letter
of Credit;

     (vii) any breach of any agreement between the Borrower and any beneficiary or
transferee of any Letter of Credit;

     (viii) any irregularity in the transaction with respect to which any Letter of Credit
is issued, including any fraud by the beneficiary or any transferee of such Letter of
Credit;

     (ix) any errors, omissions, interruptions or delays in transmission or delivery of any
messages, by mail, cable, telegraph, wireless or otherwise, whether or not they are in code;

     (x) any act, error, neglect or default, omission, insolvency or failure of business of
any of the correspondents of the Issuing Bank;

     (xi) any other circumstances arising from causes beyond the control of the Issuing
Bank;

30

 

     (xii) payment by the Issuing Bank under any Letter of Credit against presentation of a
sight draft or a certificate which does not comply with the terms of such Letter of Credit;
and

     (xiii) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing.

     (g) If any change in Applicable Law, any change in the interpretation or administration
thereof, or any change in compliance with Applicable Law by the Issuing Bank as a result of any
request or directive of any Governmental Authority, central bank or comparable agency (whether or
not having the force of law) after the Existing Agreement Date shall (i) impose, modify or deem
applicable any reserve (including any imposed by the Board of Governors of the Federal Reserve
System), special deposit, capital adequacy, assessment or other requirements or conditions against
letters of credit issued by the Issuing Bank or (ii) impose on the Issuing Bank any other condition
regarding this Agreement or any Letter of Credit or any participation therein, and the result of
any of the foregoing in the determination of the Issuing Bank is to increase the cost to the
Issuing Bank of issuing or maintaining any Letter of Credit or purchasing or maintaining any
participation therein, then, on the earlier of the Maturity Date or a date not more than five (5)
days after demand by the Issuing Bank, the Borrower agrees to pay to the Issuing Bank, from time to
time as specified by the Issuing Bank, such additional amount or amounts as the Issuing Bank
reasonably determines will compensate it for such increased costs, from the date such change or
action is effective, together with interest on each such amount from the Maturity Date or the date
demanded, as applicable, until payment in full thereof at the Base Rate. A certificate as to such
increased cost incurred by the Issuing Bank as a result of any event referred to in this paragraph
submitted by the Issuing Bank to the Borrower shall be conclusive, absent manifest error, as to the
amount thereof.

     (h) The Borrower will indemnify and hold harmless each member of the Lender Group and each of
their respective employees, representatives, officers and directors from and against any and all
claims, liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever (including reasonable attorneys’ fees)
which may be imposed on, incurred by or asserted against such member of the Lender Group in any way
relating to or arising out of the issuance of a Letter of Credit, except that the Borrower shall
not be liable to any member of the Lender Group for any portion of such claims, liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses, or
disbursements resulting from the gross negligence or willful misconduct of such member of the
Lender Group as determined by a final non-appealable judgment of a court of competent jurisdiction.
This Section 2.14(h) shall survive termination of this Agreement.

     (i) Each Lender shall be responsible (to the extent the Issuing Bank is not reimbursed by the
Borrower) for its pro rata share (based on such Lender’s Revolving Commitment Ratio) of any and all
reasonable out-of-pocket costs, expenses (including reasonable legal fees) and disbursements which
may be incurred or made by the Issuing Bank in connection with the collection of any amounts due
under, the administration of, or the presentation or enforcement of any rights conferred by any
Letter of Credit, the Borrower’s obligations to reimburse draws thereunder or otherwise. In the
event the Borrower shall fail to pay such expenses of the Issuing Bank within fifteen (15) days of
demand for payment by the Issuing Bank, each Lender shall

31

 

thereupon pay to the Issuing Bank its pro rata share (based on such Lender’s Revolving
Commitment Ratio) of such expenses within ten (10) days from the date of the Issuing Bank’s notice
to the Lenders of the Borrower’s failure to pay; provided, however, that if the
Borrower shall thereafter pay such expenses, the Issuing Bank will repay to each Lender the amounts
received from such Lender hereunder.

     (j) In regard to all Letters of Credit with respect to which presentment for honor shall not
have occurred at the Maturity Date, the Borrower shall promptly upon demand by the Administrative
Agent deposit in a Letter of Credit Reserve Account opened by the Administrative Agent, for the
benefit of the Issuing Bank, an amount equal to one hundred and five percent (105%) of the
aggregate then undrawn and unexpired amount of such Letter of Credit Obligations or provide one or
more Backup Letters of Credit with respect to such Letter of Credit Obligations. Amounts held in
such Letter of Credit Reserve Account shall be applied by the Administrative Agent to the payment
of drafts drawn under such Letters of Credit, and the unused portion thereof after such Letters of
Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other
Obligations in the manner set forth in Section 2.12. Pending the application of such
deposit to the payment of the Reimbursement Obligations, the Administrative Agent shall, to the
extent reasonably practicable, invest such deposit in an interest bearing open account or similar
available savings deposit account selected by the Borrower and reasonably acceptable to the
Administrative Agent, and all interest accrued thereon shall be held with such deposit as
additional security for the Obligations. After all such Letters of Credit shall have expired or
been fully drawn upon, all Reimbursement Obligations shall have been satisfied, and all other
Obligations shall have been paid in full, the balance, if any, in such Letter of Credit Reserve
Account shall be returned to the Borrower. Except as expressly provided hereinabove, presentment,
demand, protest and all other notices of any kind are hereby expressly waived by the Borrower.

     (k) In regard to all Letters of Credit with respect to which presentment for honor shall not
have occurred at the time of any acceleration of the Obligations pursuant to the provisions of
Article VII or, upon the request of the Administrative Agent, after the occurrence of an
Event of Default and prior to acceleration, the Borrower shall promptly upon demand by the
Administrative Agent deposit in a Letter of Credit Reserve Account opened by the Administrative
Agent, for the benefit of the Issuing Bank, an amount equal to one hundred and five percent (105%)
of the aggregate then undrawn and unexpired amount of such Letter of Credit Obligations, or provide
one or more Backup Letters of Credit in respect of such Letter of Credit Obligations. Amounts held
in such Letter of Credit Reserve Account shall be applied by the Administrative Agent to the
payment of drafts drawn under such Letters of Credit, and the unused portion thereof after such
Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay
other Obligations in the manner set forth in Section 2.12. Pending the application of such
deposit to the payment of the Reimbursement Obligations, the Administrative Agent shall, to the
extent reasonably practicable, invest such deposit in an interest bearing open account or similar
available savings deposit account and all interest accrued thereon shall be held with such deposit
as additional security for the Obligations. After all such Letters of Credit shall have expired or
been fully drawn upon, all Reimbursement Obligations shall have been satisfied, and all other
Obligations shall have been paid in full, the balance, if any, in such Letter of Credit Reserve
Account shall be returned to the Borrower. Except as

32

 

expressly provided hereinabove, presentment, demand, protest and all other notices of any kind
are hereby expressly waived by the Borrower.

ARTICLE
III

[INTENTIONALLY OMITTED]

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

     The Borrower represents and warrants to the Lenders that:

     Section 4.1 Organization; Powers; Subsidiaries. The Borrower is duly organized,
validly existing and, except to the extent that the failure to do so could not reasonably be
expected to result in a Material Adverse Effect, in good standing under the laws of the
jurisdiction of its organization, has all requisite power and authority to carry on its business as
now conducted and, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and
is in good standing in, every jurisdiction where such qualification is required.

     Section 4.2 Authorization; Enforceability. The Transactions are within the Borrower’s
organizational powers and have been duly authorized by all necessary organizational actions. The
Loan Documents to which the Borrower is a party have been duly executed and delivered by the
Borrower and constitute a valid and binding obligation of the Borrower, enforceable in accordance
with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally, concepts of reasonableness and general principles of
equity, regardless of whether considered in a proceeding in equity or at law.

     Section 4.3 Governmental Approvals; No Conflicts. The Transactions (i) do not require
any consent or approval of, registration or filing with, or any other action by, any Governmental
Authority, except such as have been obtained or made and are in full force and effect, (ii) will
not violate any applicable law or regulation or the charter, by-laws or other organizational
documents of the Borrower or any of its Subsidiaries or any order of any Governmental Authority,
(iii) will not violate or result in a default under any indenture, material agreement or other
material instrument binding upon the Borrower or any of its Subsidiaries or its assets, or give
rise to a right thereunder to require any payment to be made by the Borrower or any of its
Subsidiaries, and (iv) will not result in the creation or imposition of any Lien on any asset of
the Borrower or any of its Subsidiaries.

     Section 4.4 Financial Condition; No Material Adverse Change.

     (a) The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and
statements of income, stockholders equity and cash flows (i) as of and for the fiscal year ended
December 31, 2010, reported on by KPMG LLP, independent public accountants,

33

 

and (ii) as of and for the fiscal quarter and the portion of the fiscal year ended March 31,
2011, certified by its chief financial officer. Such financial statements present fairly, in all
material respects, the consolidated financial position and results of operations and cash flows of
the Borrower and its consolidated Subsidiaries as of such dates and for such periods in accordance
with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the
statements referred to in clause (ii) above.

     (b) Since December 31, 2010, there has been no material adverse change in the business,
assets, operations or financial condition of the Borrower and its Subsidiaries, taken as a whole.

     Section 4.5 Properties. Each of the Borrower and its Subsidiaries has good title to,
or valid leasehold interests in, all its real and personal property material to its business,
except for minor defects in title that do not interfere with its ability to conduct its business as
currently conducted or to utilize such properties for their intended purposes.

     Section 4.6 Litigation and Environmental Matters.

     (a) There are no actions, suits or proceedings by or before any arbitrator or Governmental
Authority pending against or, to the knowledge of the Borrower, threatened against or affecting the
Borrower or any of its Subsidiaries that could reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Effect.

     (b) Except with respect to any matters that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect, neither the Borrower nor any of its
Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply
with any permit, license or other approval required under any Environmental Law, (ii) has become
subject to any Environmental Liability or (iii) has received notice of any claim with respect to
any Environmental Liability.

     Section 4.7 Compliance with Laws. Each of the Borrower and its Subsidiaries is in
compliance with all laws, regulations and orders of any Governmental Authority applicable to it or
its property, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect.

     Section 4.8 Investment Company Status. The Borrower is not required to register as an
“investment company” under the Investment Company Act of 1940.

     Section 4.9 Taxes. Each of the Borrower and its Subsidiaries has (i) timely filed or
caused to be filed all Tax returns and reports required to have been filed and (ii) paid or caused
to be paid all Taxes required to have been paid by it, except Taxes that are being contested in
good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as applicable,
has set aside on its books adequate reserves except, in each of case under clause (i) or (ii)
above, to the extent that the failure to do so could not reasonably be expected to result in a
Material Adverse Effect.

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     Section 4.10 ERISA. No ERISA Event has occurred that, when taken together with all
other such ERISA Events that have occurred, could reasonably be expected to result in a Material
Adverse Effect.

     Section 4.11 Disclosure. The Information Memorandum and the other reports, financial
statements, certificates and other information furnished by or on behalf of the Borrower or any
Subsidiary to the Administrative Agent or any Lender in connection with the negotiation of this
Agreement or delivered hereunder (as modified or supplemented by other information so furnished),
together with the Borrower’s annual report on Form 10-K and quarterly report on Form 10-Q, in each
case most recently filed by the Borrower with the SEC, taken as a whole, do not contain any
material misstatement of fact or omit to state any material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not misleading;
provided that, with respect to projected financial information, the Borrower represents
only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time.

     Section 4.12 Federal Reserve Regulations. No part of the proceeds of any Loan have
been used or will be used, whether directly or indirectly, for any purpose that entails a violation
of Regulations U or X of the Board.

ARTICLE V

AFFIRMATIVE COVENANTS

     Until the aggregate Revolving Loan Commitments have expired or been terminated and the
principal of and interest on each Loan and all fees payable hereunder shall have been paid in full
and all Letters of Credit shall have expired or terminated and all amounts drawn under each Letter
of Credit shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

     Section 5.1 Financial Statements and Other Information. The Borrower will furnish to
the Administrative Agent and each Lender:

     (i) within ninety (90) days after the end of each fiscal year of the Borrower (or, if
earlier, by the date that the Annual Report on Form 10-K of the Borrower for such fiscal
year would be required to be filed under the rules and regulations of the SEC, giving effect
to any automatic extension available thereunder for the filing of such form), its audited
consolidated balance sheet and related statements of operations, shareholders’ equity and
cash flows as of the end of and for such year, setting forth in each case in comparative
form the figures for the previous fiscal year, all reported on by KPMG LLP or other
independent public accountants of recognized national standing (without a “going concern”
qualification or exception) in accordance with Regulation S-K of the SEC;

     (ii) within forty-five (45) days after the end of each of the first three fiscal
quarters of each fiscal year of the Borrower (or, if earlier, by the date that the Quarterly
Report on Form 10-Q of the Borrower for such fiscal quarter would be required to be

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filed under the rules and regulations of the SEC, giving effect to any automatic
extension available thereunder for the filing of such form), its consolidated balance sheet
as of the end of such fiscal quarter, its related statement of operations for such fiscal
quarter and its related statements of operations and cash flows for the then elapsed portion
of the fiscal year, setting forth in each case in comparative form the figures for the
corresponding period or periods of (or, in the case of the balance sheet, as of the end of)
the previous fiscal year, all certified by one of its Financial Officers as presenting
fairly in all material respects the financial condition and results of operations of the
Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, subject to normal year-end audit adjustments and the absence of
footnotes;

     (iii) concurrently with any delivery of financial statements under Section
5.1(i) or 5.1(ii), a certificate of a Financial Officer of the Borrower (A)
certifying as to whether a Default has occurred and is continuing and, if a Default has
occurred and is continuing, specifying the details thereof and any action taken or proposed
to be taken with respect thereto, (B) setting forth reasonably detailed calculations
demonstrating compliance with Section 6.7 and (C) stating whether any change in GAAP
or in the application thereof has occurred since the date of the audited financial
statements referred to in Section 4.4(a) and, if any such change has occurred,
specifying the effect of such change on the financial statements accompanying such
certificate;

     (iv) promptly after the same become publicly available, copies of all periodic and
other reports, proxy statements and other materials filed by the Borrower or any Subsidiary
with the SEC, or any Governmental Authority succeeding to any or all of the functions of
said Commission, or with any national securities exchange, or distributed by the Borrower to
its shareholders generally, as the case may be; and

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

Documents
required to be delivered pursuant to Section 5.1(i), 5.1(ii) or 5.1(iv) may be delivered electronically and, if so delivered, shall be deemed to have been
delivered on the date on which such documents are filed for public availability on the SEC’s
Electronic Data Gathering and Retrieval System; provided that the Borrower shall notify
(which may be by facsimile or electronic mail) the Administrative Agent of the filing 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 5.1(iii) to the Administrative Agent

     Section 5.2 Notices of Material Events. The Borrower will furnish to the
Administrative Agent and each Lender prompt written notice of the occurrence of any Default. Each
notice delivered under this Section 5.2 shall be accompanied by a statement of a Financial
Officer or other executive officer of the Borrower setting forth the details of the event or

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development requiring such notice and any action taken or proposed to be taken with respect
thereto

     Section 5.3 Existence, Rights and Privileges. The Borrower will, and will cause each
of its Subsidiaries to, do or cause to be done all things necessary to (i) preserve, renew and keep
in full force and effect (A) its legal existence and (B) the rights, qualifications, licenses,
permits, privileges, franchises, governmental authorizations and intellectual property rights
material to the conduct of its business except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect and (ii)
maintain all requisite authority to conduct its business in each jurisdiction in which its business
is conducted except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect; provided that the foregoing
shall not prohibit any merger, consolidation, liquidation or dissolution permitted under
Section 6.3.

     Section 5.4 Payment of Obligations. The Borrower will, and will cause each of its
Subsidiaries to, pay its obligations, including Tax liabilities, that, if not paid, could
reasonably be expected to result in a Material Adverse Effect, before the same shall become
delinquent or in default, except where (i) (A) the validity or amount thereof is being contested in
good faith by appropriate proceedings and (B) the Borrower or such Subsidiary has set aside on its
books adequate reserves with respect thereto in accordance with GAAP or (ii) the failure to make
payment could not reasonably be expected to result in a Material Adverse Effect.

     Section 5.5 Maintenance of Properties; Insurance. The Borrower will, and will cause
each of its Subsidiaries to, (i) keep and maintain all property material to the conduct of its
business in good working order and condition, ordinary wear and tear excepted, except where the
failure to do so could not reasonably be expected to result in a Material Adverse Effect, and (ii)
maintain, with financially sound and reputable insurance companies, insurance in such amounts and
against such risks as are customarily maintained by companies engaged in the same or similar
businesses operating in the same or similar locations.

     Section 5.6 Books and Records; Inspection Rights. The Borrower will, and will cause
each of its Subsidiaries to, keep proper books of record and account in which full, true and
correct entries are made of all dealings and transactions in relation to its business and
activities. The Borrower will, and will cause each of its Subsidiaries to, permit any
representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice,
to visit and inspect its properties, to examine and make extracts from its books and records, and
to discuss its affairs, finances and condition with its officers and independent accountants, all
at such reasonable times and as often as reasonably requested (provided that, in respect of any
such discussions with the Borrower’s independent accountants, the Borrower shall be given notice at
least two (2) Business Days prior to such discussion and the opportunity to be present at any such
discussions). The Borrower acknowledges that the Administrative Agent, after exercising its rights
of inspection, may prepare and distribute to the Lenders certain reports pertaining to the Borrower
and its Subsidiaries’ assets for internal use by the Administrative Agent and the Lenders.

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     Section 5.7 Compliance with Laws. The Borrower will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental
Authority applicable to it or its property except where the failure to do so, individually or
in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

     Section 5.8 Use of Proceeds. The proceeds of the Loans will be used only to finance
the working capital needs, and for general corporate purposes, of the Borrower and its Subsidiaries
in the ordinary course of business. No part of the proceeds of any Loan will be used, whether
directly or indirectly, for any purpose that entails a violation of any of the Regulations of the
Board, including Regulations U and X.

ARTICLE VI

NEGATIVE COVENANTS

     Until the aggregate Revolving Loan Commitments have expired or been terminated and the
principal of and interest on each Loan and all fees payable hereunder have been paid in full and
all Letters of Credit have expired or terminated and all amounts drawn under each Letter of Credit
shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

     Section 6.1 Subsidiary Indebtedness. The Borrower will not permit any Subsidiary to,
create, incur, assume or permit to exist any Indebtedness, except:

     (i) Indebtedness existing on the date hereof and set forth in Schedule 6.1 and
extensions, renewals and replacements of any such Indebtedness with Indebtedness that does
not increase the outstanding principal amount thereof;

     (ii) Indebtedness of any Subsidiary to the Borrower or any other Subsidiary;

     (iii) Guarantees by any Subsidiary of Indebtedness of the Borrower or any other
Subsidiary;

     (iv) Indebtedness incurred to finance the acquisition, construction or improvement of
any fixed or capital assets, including Capital Lease Obligations and any Indebtedness
assumed in connection with the acquisition of any such assets or secured by a Lien on any
such assets prior to the acquisition thereof, and extensions, renewals and replacements of
any such Indebtedness that do not increase the outstanding principal amount thereof;
provided that (A) such Indebtedness is incurred prior to or within ninety (90) days
after such acquisition or the completion of such construction or improvement and (B) the
aggregate principal amount of Indebtedness permitted by this Section 6.1(iv) shall
not exceed $50,000,000 at any time outstanding;

     (v) Indebtedness as an account party in respect of letters of credit;

     (vi) Indebtedness incurred to fund acquisitions; and

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     (vii) other Indebtedness so long as, immediately after giving effect (on a Pro Forma
Basis, if applicable) thereto and the application of the proceeds thereof, the aggregate
outstanding principal amount of Indebtedness permitted under this Section
6.1(vii), together with the aggregate principal amount of Indebtedness and
other obligations secured by Liens permitted under Section 6.2(iv), does not exceed
20% of Consolidated Total Assets (determined at the time of the incurrence thereof by
reference to the Borrower’s financial statements most recently delivered pursuant to
pursuant to Section 5.1(i) or 5.1(ii) or, if prior to the date of delivery
of the first financial statements to be delivered pursuant to Section 5.1(i) or
5.1(ii), the most recent financial statements referred to in Section
4.4(a)).

     Section 6.2 Liens. The Borrower will not, and will not permit any Subsidiary to,
create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, except:

     (i) Permitted Encumbrances;

     (ii) any Lien on any property or asset of the Borrower or any Subsidiary existing on
the date hereof and set forth in Schedule 6.2; provided that (i) such Lien
shall not apply to any other property or asset of the Borrower or any Subsidiary and (ii)
such Lien shall secure only those obligations which it secures on the date hereof and
extensions, renewals and replacements thereof that do not increase the outstanding principal
amount thereof;

     (iii) any Lien existing on any property or asset prior to the acquisition thereof by
the Borrower or any Subsidiary or existing on any property or asset of any Person that
becomes a Subsidiary after the date hereof prior to the time such Person becomes a
Subsidiary; provided that (A) such Lien is not created in contemplation of or in
connection with such acquisition or such Person becoming a Subsidiary, as the case may be,
(B) such Lien shall not apply to any other property or assets of the Borrower or any
Subsidiary and (C) such Lien shall secure only those obligations which it secures on the
date of such acquisition or the date such Person becomes a Subsidiary, as the case may be,
and extensions, renewals and replacements thereof that do not increase the outstanding
principal amount thereof;

     (iv) Liens on fixed or capital assets acquired, constructed or improved by the Borrower
or any Subsidiary; provided that (A) such security interests secure Indebtedness of
the Borrower or Indebtedness permitted by Section 6.1(iv), (B) such security
interests and the Indebtedness secured thereby are incurred prior to or within ninety (90)
days after such acquisition or the completion of such construction or improvement, (C) the
Indebtedness secured thereby does not exceed the cost of acquiring, constructing or
improving such fixed or capital assets and (D) such security interests shall not apply to
any other property or assets of the Borrower or any Subsidiary; and

     (v) Liens on assets of the Borrower and its Subsidiaries not otherwise permitted above
so long as, immediately after giving effect (on a Pro Forma basis, if applicable) thereto
and to the application of the proceeds of any Indebtedness or

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obligation secured thereby,
the aggregate principal amount of the Indebtedness and other obligations subject to such
Liens does not at any time exceed $100,000,000.

     Section 6.3 Fundamental Changes and Asset Sales.

     (a) The Borrower will not, and will not permit any Subsidiary to, merge into or consolidate
with any other Person, or permit any other Person to merge into or consolidate with it, or sell,
transfer or otherwise dispose of (in one transaction or in a series of transactions) any of its
assets, or any of the Equity Interests of any of its Subsidiaries (in each case, whether now owned
or hereafter acquired), or liquidate or dissolve, except that:

     (i) any Person may merge into the Borrower in a transaction in which the Borrower is
the surviving corporation;

     (ii) any Person (other than the Borrower) may merge into any Subsidiary in a
transaction in which the surviving entity is a Subsidiary;

     (iii) any Subsidiary may sell, transfer or otherwise dispose of its assets to the
Borrower or to another Subsidiary;

     (iv) the Borrower and its Subsidiaries may (A) sell inventory in the ordinary course of
business, (B) effect sales, trade-ins or dispositions of used equipment for value in the
ordinary course of business consistent with past practice, (C) enter into licenses of
technology in the ordinary course of business, and (D) make any other sales, transfers or
dispositions that, together with all other property of the Borrower and its Subsidiaries
previously sold or disposed of as permitted by this clause (D) during any fiscal year of the
Borrower, does not exceed an aggregate book value of twenty percent (20%) of Consolidated
Total Assets of the Borrower (determined at the time of making such sale, transfer or
disposition by reference to the Borrower’s financial statements most recently delivered
pursuant to Section 5.1(i) or 5.1(ii) or, if prior to the date of the
delivery of the first financial statements to be delivered pursuant to Section
5.1(i) or 5.1(ii), the most recent financial statements referred to in
Section 4.4(a)); and

     (v) any Subsidiary may liquidate or dissolve in accordance with applicable laws.

     (b) The Borrower will not, nor will it permit any of its Subsidiaries to, change its fiscal
year from the basis in effect on the Restatement Effective Date.

     Section 6.4 Investments, Loans, Advances and Guarantees. The Borrower will not, and
will not permit any of its Subsidiaries to, make or permit to exist any loans or advances to,
Guarantee any obligations of, or make or permit to exist any investment or any other interest in,
any other Person, except:

     (i) Permitted Investments;

     (ii) investments by the Borrower and its Subsidiaries existing on the date hereof in
the capital stock of Subsidiaries;

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     (iii) investments, loans or advances by the Borrower in or to any Subsidiary and by any
Subsidiary in or to the Borrower or any other Subsidiary;

     (iv) investments made in any Person that, immediately after giving effect to such
investment, is a Subsidiary;

     (v) Guarantees constituting Indebtedness permitted by Section 6.1;

     (vi) investments in Swap Agreements; and

     (vii) investments, loans or advances that, together with all other investments, loans
and advances permitted by this Section 6.4(vii) made during any fiscal year of the
Borrower, do not exceed twenty percent (20%) of Consolidated Total Assets of the Borrower
(determined at the time of making such investment, loan or advance by reference to the
Borrower’s financial statements most recently delivered pursuant to Section 5.1(i)
or 5.1(ii) or, if prior to the date of the delivery of the first financial
statements to be delivered pursuant to Section 5.1(i) or 5.1(ii), the most
recent financial statements referred to in Section 4.4(a)).

For the avoidance of doubt, this Section 6.4 shall not place any restrictions upon the
Borrower or any of its Subsidiaries effectuating mergers and acquisitions so long as, if the
Borrower is a party to any such merger, the Borrower is the surviving entity of such merger

     Section 6.5 Transactions with Affiliates. The Borrower will not, and will not permit
any of its Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or
purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, except (i) at prices and on terms and conditions not less
favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from
unrelated third parties, (ii) transactions between or among the Borrower and its Subsidiaries not
involving any other Affiliate, (iii) compensation arrangements with, and fees and expenses paid or
payable to, officers, directors, employees and agents of the Borrower and its Subsidiaries and (iv)
any Restricted Payment permitted by Section 6.6.

     Section 6.6 Restricted Payments. The Borrower will not, and will not permit any of
its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any
Restricted Payment, except (i) the Borrower may declare and pay dividends with respect to its
Equity Interests payable solely in additional shares of its common stock, (ii) Subsidiaries may
declare and pay dividends ratably with respect to their Equity Interests, (iii) the Borrower may
make Restricted Payments pursuant to and in accordance with stock option plans or other benefit
plans for management or employees of the Borrower and its Subsidiaries and (iv) the Borrower and
its Subsidiaries may make any other Restricted Payment (whether in cash, securities or other
property) so long as no Default or Event of Default has occurred and is continuing prior to making
such Restricted Payment or would arise after giving effect (including on a Pro Forma Basis, to the
extent applicable) thereto; provided that any dividend shall be permitted under this
Section 6.6 if (A) at the time of the declaration thereof, the payment of such dividend
would have been permitted under this Section 6.6 and (B) such dividend is paid within 60
days of the date of declaration thereof, regardless of whether a Default or Event of Default
exists, or would

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arise after giving effect to the payment thereof, at the time at which such dividend is
actually paid.

     Section 6.7 Financial Covenants.

     (a) Maximum Leverage Ratio. The Borrower will not permit the ratio (the “Leverage
Ratio”), determined as of the end of each of its fiscal quarters ending on and after June 30,
2011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4)
consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the
Borrower and its Subsidiaries on a consolidated basis, to be greater than 3.75 to 1.00.

     (b) Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the
“Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters ending
on and after June 30, 2011, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, in
each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal
quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less
than 3.00 to 1.00.

ARTICLE VII

EVENTS OF DEFAULT

     If any of the following events (“Events of Default”) shall occur:

     (i) the Borrower shall fail to pay any principal of any Loan or any Reimbursement
Obligation when and as the same shall become due and payable, whether at the due date
thereof or at a date fixed for prepayment thereof or otherwise;

     (ii) the Borrower shall fail to pay any interest on any Loan or any fee or any other
amount (other than an amount referred to in clause (i) of this Article VII) payable
under this Agreement or any other Loan Document, when and as the same shall become due and
payable, and such failure shall continue unremedied for a period of five Business Days;

     (iii) any representation or warranty made or deemed made by or on behalf of the
Borrower or any Subsidiary in or in connection with this Agreement or any other Loan
Document or any amendment or modification hereof or thereof or waiver hereunder or
thereunder, or in any certificate or financial statement furnished pursuant to this
Agreement or any other Loan Document or any amendment or modification thereof or waiver
thereunder, shall prove to have been incorrect in any material respect when made or deemed
made;

     (iv) the Borrower shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.2, 5.3(i)(A) (with respect to the Borrower’s
existence) or 5.8 or in Article VI;

42

 

     (v) the Borrower shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those specified in clause (i), (ii) or (iv) of this
Article VII) or any other Loan Document, and such failure shall continue unremedied
for a period of thirty (30) days after notice thereof from the Administrative Agent to the
Borrower (which notice will be given at the request of any Lender);

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

     (vii) any event or condition occurs that results in any Material Indebtedness becoming
due prior to its scheduled maturity or that enables or permits (without the giving of any
further notice or the lapse of time) the holder or holders of any Material Indebtedness or
any trustee or agent on its or their behalf to cause any Material Indebtedness to become
due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to
its scheduled maturity; provided that this clause (vii) of this Article VII
shall not apply to Indebtedness that becomes due as a result of the voluntary sale or
transfer of property or assets;

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

     (ix) the Borrower or any Subsidiary (other than an Immaterial Subsidiary) shall (A)
voluntarily commence any proceeding or file any petition seeking liquidation, reorganization
or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or
similar law now or hereafter in effect, (B) consent to the institution of, or fail to
contest in a timely and appropriate manner, any proceeding or petition described in clause
(viii) of this Article VII, (C) apply for or consent to the appointment of a
receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower
or any Subsidiary (other than an Immaterial Subsidiary) or for a substantial part of its
assets, (D) file an answer admitting the material allegations of a petition filed against it
in any such proceeding or (E) make a general assignment for the benefit of creditors;

     (x) the Borrower or any Subsidiary (other than an Immaterial Subsidiary) shall become
unable, admit in writing its inability or fail generally to pay its debts as they become
due;

     (xi) one or more judgments for the payment of money in an aggregate amount in excess of
$50,000,000 shall be rendered against the Borrower, any Subsidiary or any

43

 

combination thereof and the same shall remain undischarged for a period of thirty (30)
consecutive days during which execution shall not be effectively stayed, or any action shall
be legally taken by a judgment creditor to attach or levy upon any assets of the Borrower or
any Subsidiary to enforce any such judgment;

     (xii) an ERISA Event shall have occurred that, when taken together with all other ERISA
Events that have occurred, has resulted in a Material Adverse Effect; or

     (xiii) a Change in Control shall occur;

then, and in every such event (other than an event with respect to the Borrower described in clause
(viii) or (ix) of this Article VII), and at any time thereafter during the continuance of
such event, the Administrative Agent may, and at the request of the Required Lenders shall, by
notice to the Borrower, take either or both of the following actions, at the same or different
times: (A) terminate the Commitments, and thereupon the Commitments shall terminate immediately,
and (B) declare the Loans then outstanding to be due and payable in whole (or in part, in which
case any principal not so declared to be due and payable may thereafter be declared to be due and
payable), and thereupon the principal of the Loans so declared to be due and payable, together with
accrued interest thereon and all fees and other Obligations of the Borrower accrued hereunder and
under the other Loan Documents, shall become due and payable immediately, without presentment,
demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in
case of any event with respect to the Borrower described in clause (viii) or (ix) of this
Article VII, the Commitments shall automatically terminate and the principal of the Loans
then outstanding, together with accrued interest thereon and all fees and other Obligations accrued
hereunder and under the other Loan Documents, shall automatically become due and payable, without
presentment, demand, protest or other notice of any kind, all of which are hereby waived by the
Borrower. Upon the occurrence and during the continuance of an Event of Default, the
Administrative Agent may, and at the request of the Required Lenders shall, exercise any rights and
remedies provided to the Administrative Agent under the Loan Documents or at law or equity.

ARTICLE VIII

THE ADMINISTRATIVE AGENT

     Section 8.1 Appointment and Authority. Each of the Lenders and the Issuing Bank
hereby irrevocably appoints Wells Fargo 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 Issuing Bank, and neither the Borrower nor any of its Affiliates shall have rights as a third
party beneficiary of any of such provisions.

     Section 8.2 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”

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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.

     Section 8.3 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:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default or an Event of 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
Majority 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 Majority 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 Section 9.12 and Article VII) 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 or Event of Default unless and until notice
describing such Default or Event of Default is given to the Administrative Agent by the Borrower, a
Lender or the Issuing Bank.

     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 or Event of Default, (iv) the validity, enforceability, effectiveness or
genuineness of this Agreement, any other Loan Document or any other agreement, instrument or
document or (v) the satisfaction of any condition set forth herein, other than to confirm receipt
of items expressly required to be delivered to the Administrative Agent.

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     Section 8.4 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 of a
Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the
Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such
Lender or the Issuing Bank unless the Administrative Agent shall have received notice to the
contrary from such Lender or the Issuing Bank 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.

     Section 8.5 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.

     Section 8.6 Resignation of Administrative Agent. The Administrative Agent may at any
time give notice of its resignation to the Lenders, the Issuing Bank and the Borrower. Upon
receipt of any such notice of resignation, the Majority Lenders shall have the right, in
consultation with the Borrower, to appoint a successor Administrative Agent. If no such successor
shall have been so appointed by the Majority Lenders and shall have accepted such appointment
within thirty (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 Issuing Bank, appoint a
successor Administrative Agent, which shall be any Lender or a commercial bank organized under the
laws of the United States of America or any political subdivision thereof which has combined
capital and reserves in excess of $5,000,000,000, 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 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 Issuing Bank directly, until such time as the Majority Lenders appoint a successor
Administrative Agent as provided for above in this paragraph. 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

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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
paragraph). 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
successor. After the retiring Administrative Agent’s resignation hereunder and under the other
Loan Documents, the provisions of this Article and Sections 9.2 and 9.19 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.

     Section 8.7 Indemnification. The Lenders agree to indemnify the Administrative Agent
(to the extent not reimbursed by the Borrower) pro rata in accordance with their respective
Revolving Commitment Ratios from and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, investigations, costs, expenses (including fees and expenses
of experts, agents, consultants, and counsel), or disbursements of any kind or nature (whether or
not the Administrative Agent is a party to any such action, suit or investigation) whatsoever which
may be imposed on, incurred by, or asserted against the Administrative Agent in any way relating to
or arising out of this Agreement, any other Loan Document, or any other document contemplated by
this Agreement or any action taken or omitted by the Administrative Agent under this Agreement, any
other Loan Document, or any other document contemplated by this Agreement, except that no Lender
shall be liable to the Administrative Agent for any portion of such liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses, or disbursements resulting
from the gross negligence or willful misconduct of the Administrative Agent as determined by a
final non-appealable order of a court of competent jurisdiction. The provisions of this
Section 8.7 shall survive the termination of this Agreement.

     Section 8.8 Non-Reliance On Administrative Agent and Other Lenders. Each Lender and
the Issuing Bank 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 Issuing Bank 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.

     Section 8.9 No Other Duties, etc. Anything herein to the contrary notwithstanding,
the co-syndication agents, documentation agents, arrangers and bookrunners listed on the cover page
hereof shall not have any powers, duties or responsibilities under this Agreement or any of the
other Loan Documents, except in their capacity, as applicable, as the Administrative Agent, a
Lender or the Issuing Bank hereunder.

     Section 8.10 Issuing Bank. The provisions of this Article VIII (other than
Section 8.2) shall apply to the Issuing Bank mutatis mutandis to the same
extent as such provisions apply to the Administrative Agent.

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ARTICLE IX

MISCELLANEOUS

     Section 9.1 Notices; Effectiveness; Electronic Communication.

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in clause (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:

	 	(i)	 	If to the Borrower, at:
	 
	 	 	 	Thomas & Betts Corporation 

8155 T&B Boulevard

Memphis, Tennessee 38125

Attn: Vice President-Treasurer

Facsimile No.: (901) 252-1325

with a copy to:

Thomas & Betts Corporation

8155 T&B Boulevard

Memphis, Tennessee 38125

Attn: Vice President-General Counsel

Facsimile No.: (901) 252-1372

	 
	 	(ii)	 	If to the Administrative Agent, to it at:
	 
	 	 	 	Wells Fargo Bank, National Association

301 S. College Street, 15th Floor

Charlotte, North Carolina 28202

Attn: Nathan R. Rantala

Telephone No.: (704) 383-0403

Facsimile No.: (704) 715-1438
	 
	 	 	 	and, in the case of notices under Article II, with a copy to:
	 
	 	 	 	Wells Fargo Bank, National Association

Mail Code: D1109-019

1525 West W.T. Harris Blvd — 1B1

Charlotte, North Carolina 28262

Attn: Syndication Agency Services

Telephone No.: (704) 427-4926

Facsimile No.: (704) 715-0017

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	 	(iii)	 	If to the Issuing Bank, to it at its address (or telecopier
number) set forth in its Administrative Questionnaire.
	 
	 	(iv)	 	If to a Lender, to it at its address (or telecopier number) set
forth in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by 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 paragraph (b) below,
shall be effective as provided in said paragraph (b).

     (b) Electronic Communications. Notices and other communications to the Lenders and
the Issuing Bank 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 Issuing
Bank pursuant to Article II if such Lender or the Issuing Bank, 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 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) Change of Address, Etc. Any party hereto may change its address or telecopier
number for notices and other communications hereunder by notice to the other parties hereto.

     Section 9.2 Expenses. The Borrower agrees to promptly pay or reimburse:

     (a) All reasonable out-of-pocket expenses of the Administrative Agent and its Affiliates in
connection with the preparation, negotiation, execution, delivery and syndication of this Agreement
and the other Loan Documents, the transactions contemplated hereunder and thereunder, and the
making of the initial Advance hereunder, including the fees and disbursements of counsel for the
Administrative Agent;

     (b) All reasonable out-of-pocket expenses of the Administrative Agent and its Affiliates in
connection with the administration of the transactions contemplated in this

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Agreement or any of the other Loan Documents, and the preparation, negotiation, execution, and
delivery of any waiver, amendment, or consent by the Lenders relating to this Agreement or any of
the other Loan Documents, including: (i) all reasonable fees, expenses and disbursements of any
law firm or special counsel engaged by the Administrative Agent; (ii) costs and expenses (including
reasonable attorneys’ and paralegals’ fees and disbursements) for any amendment, supplement,
waiver, consent, or subsequent closing in connection with the Loan Documents and the transactions
contemplated thereby; (iii) costs and expenses of lien and title searches on the property and
assets of the Borrower and its Subsidiaries; (iv) sums paid or incurred to pay any amount or take
any action required of the Borrower under the Loan Documents that the Borrower fails to pay or
take; (v) costs of appraisals, inspections, and verifications of the properties and assets of the
Borrower and its Subsidiaries and other due diligence, including travel, lodging, and meals for
inspections of operations of the Borrower and its Subsidiaries by the Administrative Agent; and
(vi) costs and expenses of forwarding loan proceeds, collecting checks and other items of payment;

     (c) All out-of-pocket costs and expenses of each member of the Lender Group in connection with
the enforcement or protection of its rights and any restructuring, refinancing, or “work out” of
the transactions contemplated by this Agreement, the other Loan Documents, and all out-of-pocket
costs and expenses of collection if default is made in the payment of the Obligations, which in
each case shall include fees and out-of-pocket expenses of special counsel for each member of the
Lender Group and the fees and out-of-pocket expenses of any experts or consultants of the
Administrative Agent;

     (d) Any civil penalty or fine assessed by OFAC against, and all reasonable costs and expenses
(including counsel fees and disbursements) incurred in connection with defense thereof by, any
member of the Lender Group as a result of conduct of the Borrower or any of its Subsidiaries that
violates a sanction enforced by OFAC; and

     (e) All taxes, assessments, general or special, and other charges levied on, or assessed,
placed or made against any of the Loan Documents or the Obligations or from the execution, delivery
or enforcement of this Agreement or any other Loan Document, excluding income taxes of the
Administrative Agent and each Lender.

     Section 9.3 Waivers. The rights and remedies of the Administrative Agent and the
Lenders under this Agreement and under the other Loan Documents shall be cumulative and not
exclusive of any rights or remedies which they would otherwise have. No failure or delay by the
Administrative Agent, the Issuing Bank, the Majority Lenders or the Lenders in exercising any right
shall operate as a waiver of such right. The Administrative Agent and the Lenders expressly
reserve the right to require strict compliance with the terms of this Agreement in connection with
any funding of a request for an Advance. In the event the Lenders decide to fund a request for an
Advance at a time when the Borrower is not in strict compliance with the terms of this Agreement,
such decision by the Lenders shall not be deemed to constitute an undertaking by the Lenders to
fund any further requests for Advances or preclude the Lenders from exercising any rights available
to the Lenders under the Loan Documents or at law or equity. Any waiver or indulgence granted by
the Lenders or by the Majority Lenders shall not constitute a modification of this Agreement,
except to the extent expressly provided in such waiver or indulgence, or constitute a course of
dealing by the Lenders at variance with the terms

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of the Agreement such as to require further notice by the Lenders of the Lenders’ intent to
require strict adherence to the terms of the Agreement in the future. Any such actions shall not
in any way affect the ability of the Lenders, in their discretion, to exercise any rights available
to them under this Agreement or under any other agreement, whether or not the Lenders are party,
relating to the Borrower.

     Section 9.4 Setoff. If an Event of Default shall have occurred and be continuing,
each Lender, the Issuing Bank and each of their respective Affiliates is hereby authorized at any
time and from time to time, 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 Issuing Bank or any such Affiliate to or for the credit or the account of the Borrower
or any other Domestic T&B Company against any and all of the obligations of the Borrower or such
Domestic T&B Company now or hereafter existing under this Agreement or any other Loan Document to
such Lender or the Issuing Bank, irrespective of whether or not such Lender or the Issuing Bank
shall have made any demand under this Agreement or any other Loan Document and although such
obligations of the Borrower or such Domestic T&B Company may be contingent or unmatured or are owed
to a branch or office of such Lender or the Issuing Bank different from the branch or office
holding such deposit or obligated on such indebtedness. The rights of each Lender, the Issuing
Bank and their respective Affiliates under this Section are in addition to other rights and
remedies (including other rights of setoff) that such Lender, the Issuing Bank or their respective
Affiliates may have. Each Lender and the Issuing Bank agree 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.

     Section 9.5 Assignment.

     (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 the Borrower may not assign or otherwise transfer any of its
rights or obligations hereunder 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 Eligible Assignee in accordance with the provisions of paragraph (b) of
this Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of
this Section, or (iii) by way of pledge or assignment of a security interest subject to the
restrictions of paragraph (f) of this Section (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 paragraph (d) of this Section
and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative
Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this
Agreement.

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including

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all or a portion of its Revolving Loan Commitment and the Loans at the time owing to it);
provided that

     (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Revolving Loan Commitment and the Loans at the time owing to it or in the case of
an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a
Lender, the aggregate amount of the Revolving Loan Commitment (which for this purpose
includes Loans outstanding thereunder) or, if the Revolving Loan 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,
unless each of the Administrative Agent and, so long as no Default or Event of Default has
occurred and is continuing, the Borrower otherwise consent (each such consent not to be
unreasonably withheld or delayed);

     (ii) 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 Revolving Loan Commitment assigned; and

     (iii) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of
$3,500, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire.

Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c)
of this Section, from and after the effective date specified in each Assignment and Assumption, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Article IX and Section 2.9(b), Section 2.10 and
Section 9.19 with respect to facts and circumstances occurring prior to the effective date
of such assignment. Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement
as a sale by such Lender of a participation in such rights and obligations in accordance with
paragraph (d) of this Section.

     (c) Register. The 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 Revolving Loan Commitments of, and principal amounts of the Loans 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

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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, with the consent of the
Administrative Agent and, so long as no Default or Event of Default has occurred and is continuing,
the Borrower (each such consent not to be unreasonably withheld or delayed), 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
obligations under this Agreement (including all or a portion of its Revolving Loan Commitment and
the 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 Issuing Bank 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, modification or waiver described in Section 9.12(a)
that affects such Participant. Subject to paragraph (e) of this Section, the Borrower agrees that
each Participant shall be entitled to the benefits of Section 2.10 and Article IX to the
same extent as if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 9.4 as though it were a Lender, provided such
Participant agrees to be subject to Section 2.11(b) as though it were a Lender.

     (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 2.9(b) and Section 10.1 than the
applicable Lender would have been entitled to receive with respect to the participation sold to
such Participant, unless the sale of the participation to such Participant is made with the
Borrower’s prior written consent.

     (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 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.

     Section 9.6 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all such separate counterparts
shall together constitute but one and the same instrument. In proving this Agreement or any other
Loan Document in any judicial proceedings, it shall not be necessary to produce or account for more
than one such counterpart signed by the party against whom such enforcement is sought. Any
signatures delivered by a party by facsimile or electronic mail transmission shall be deemed an
original signature hereto.

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     Section 9.7 Governing Law. This Agreement and the Loan Documents (except to the
extent otherwise provided therein) shall be governed by and construed in accordance with the laws
of the State of New York.

     Section 9.8 Severability. Any provision of this Agreement which is prohibited or
unenforceable shall be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof in that jurisdiction or affecting the validity or
enforceability of such provision in any other jurisdiction.

     Section 9.9 Headings. Headings used in this Agreement are for convenience only and
shall not be used in connection with the interpretation of any provision hereof.

     Section 9.10 Source of Funds. Notwithstanding the use by the Lenders of the Base Rate
and the Eurodollar Rate as reference rates for the determination of interest on the Loans, the
Lenders shall be under no obligation to obtain funds from any particular source in order to charge
interest to the Borrower at interest rates tied to such reference rates.

     Section 9.11 Entire Agreement. Except as otherwise expressly provided herein, this
Agreement and the other Loan Documents embody the entire Agreement and understanding among the
parties hereto and thereto and supersede all prior agreements, understandings, and conversations
relating to the subject matter hereof and thereof. The Borrower represents and warrants to the
Administrative Agent and each of the Lenders that it has read the provisions of this Section
9.11 and discussed the provisions of this Section 9.11 and the rest of this Agreement
with counsel for the Borrower, and the Borrower acknowledges and agrees that the Administrative
Agent and each of the Lenders are expressly relying upon such representations and warranties of the
Borrower (as well as the other representations and warranties of the Borrower set forth in
Article IV) in entering into this Agreement.

     Section 9.12 Amendments and Waivers.

     (a) Neither this Agreement, any other Loan Document nor any term hereof or thereof may be
amended orally, nor may any provision hereof be waived orally but only by an instrument in writing
signed by (or in the case of Loan Documents executed by the Administrative Agent, signed by the
Administrative Agent and approved by) the Majority Lenders and, in the case of an amendment, also
by the Borrower, except that (i) the consent of the Administrative Agent and each of the Lenders
affected thereby shall be required for (A) any release of all or substantially all of the
guarantors of the Obligations, (B) any extensions of the Maturity Date or the scheduled date of
payment of interest or principal or fees, or any reduction of principal (without a corresponding
payment with respect thereto), or any reduction in the rate of interest or fees due to the Lenders
hereunder, (C) any amendment of this Section 9.12 or of the definition of “Majority
Lenders” or any other provision of the Loan Documents specifying the number or percentage of
Lenders required to waive, amend or modify any rights thereunder or make any determination or grant
any consent thereunder, and (D) any amendment increasing the Revolving Loan Commitment of any such
Lender (it being understood and agreed that a waiver of any Default or Event of Default or a
modification of any of the defined terms contained herein (other than those defined terms
specifically addressed in this Section 9.12) shall not constitute a change in the terms of
the Revolving Loan Commitment of any Lender); (ii) the consent of the

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Administrative Agent, the Majority Lenders and the Borrower shall be required for any
amendment to Article VIII, and (iii) the consent of the Issuing Bank, the Majority Lenders and the
Borrower shall be required for any amendment to Section 2.14; provided,
however, Schedule 2 hereto (Revolving Loan Commitment) may be amended from time to
time by the Administrative Agent alone to reflect assignments of the Revolving Loan Commitment in
accordance herewith.

     (b) Each Lender grants to the Administrative Agent the right to purchase all (but not less
than all) of such Lender’s Revolving Loan Commitment, Loans and Letter of Credit Obligations owing
to it and any Revolving Loan Notes held by it and all of its rights and obligations hereunder and
under the other Loan Documents at a price equal to the outstanding principal amount of the Loans
payable to such Lender plus any accrued but unpaid interest on such Loans and accrued but unpaid
facility fees and letter of credit fees owing to such Lender, which right may be exercised by the
Administrative Agent if requested by the Borrower and if such Lender refuses to execute any
amendment, waiver or consent which requires the written consent of all of the Lenders and to which
the Majority Lenders, the Administrative Agent and the Borrower have agreed. Each Lender agrees
that if the Administrative Agent exercises its option hereunder, it shall promptly execute and
deliver an Assignment and Assumption and other agreements and documentation necessary to effectuate
such assignment; provided, however, that any such right to purchase shall expire on
the ninetieth (90th) day following the date of the proposed waiver, amendment or consent which was
not approved by such Lender. The Administrative Agent may assign its purchase rights hereunder to
any assignee if such assignment complies with the requirements of Section 9.5(b).

     (c) If any fees are paid to the Lenders as consideration for amendments, waivers or consents
with respect to this Agreement, at the Administrative Agent’s election, such fees may be paid only
to those Lenders that agree to such amendments, waivers or consents within the time specified for
submission thereof.

     Section 9.13 Other Relationships. No relationship created hereunder or under any
other Loan Document shall in any way affect the ability of the Administrative Agent, the Issuing
Bank and each Lender to enter into or maintain business relationships with the Borrower, or any of
its Affiliates, beyond the relationships specifically contemplated by this Agreement and the other
Loan Documents.

     Section 9.14 Pronouns. The pronouns used herein shall include, when appropriate,
either gender and both singular and plural, and the grammatical construction of sentences shall
conform thereto.

     Section 9.15 Disclosure. The Borrower agrees and consents to the Administrative
Agent’s and any of its Affiliate’s disclosure of information relating to this transaction to
Gold Sheets and other similar bank trade publications. Such information will consist of
deal terms and other information customarily found in such publications. The Administrative Agent
shall obtain the prior written approval of the Borrower with respect to the issuance of any press
releases regarding the making of the Loans to the Borrower pursuant to the terms of this Agreement.

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     Section 9.16 Confidentiality. Each of the Administrative Agent, the Lenders and the
Issuing Bank 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 other 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, (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 (x) becomes publicly available other than as a
result of a breach of this Section or (y) becomes available to the Administrative Agent, any
Lender, the Issuing Bank or any of their respective Affiliates on a nonconfidential basis from a
source other than the Borrower.

     For purposes of this Section, “Information” means all information received from the Borrower
or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their
respective businesses, other than any such information that is available to the Administrative
Agent, any Lender or the Issuing Bank on a nonconfidential basis prior to disclosure by the
Borrower or any of its Subsidiaries, provided that, in the case of information received
from the Borrower or any of its Subsidiaries 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.

     Section 9.17 Revival and Reinstatement of Obligations. If the incurrence or payment
of the Obligations by the Borrower, or the transfer to the Lender Group of any property, should for
any reason subsequently be declared to be void or voidable under any state or federal law relating
to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent
conveyances, preferences or other voidable or recoverable payments of money or transfers of
property (collectively, a “Voidable Transfer”), and if the Lender Group, or any of them, is
required to repay or restore, in whole or in part, any such Voidable Transfer, or elects to do so
upon the reasonable advice of its counsel, then, as to any such Voidable Transfer, or the amount
thereof that the Lender Group, or any of them, is required or elects to repay or restore, and as to
all reasonable costs, expenses and attorneys fees of the Lender Group related thereto, the
liability of the Borrower automatically shall be revived, reinstated and restored and shall exist
as though such Voidable Transfer had never been made.

56

 

     Section 9.18 USA PATRIOT Act Notice. Each Lender that is subject to the PATRIOT Act
and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the
Borrower that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and
record information that identifies the Borrower, which information includes the name and address of
the Borrower and other information that will allow such Lender or the Administrative Agent, as
applicable, to identify the Borrower in accordance with the PATRIOT Act.

     Section 9.19 Indemnity. The Borrower will indemnify and hold harmless each member of
the Lender Group and each of its employees, representatives, officers and directors (each such
person being called an “Indemnitee”) from and against any and all losses, claims, damages,
liabilities and related expenses (including the fees, charges and disbursements of any counsel for
any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party
or by the Borrower 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, (ii) any Loan
or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by
the Issuing Bank 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), or
(iii) 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, and regardless of whether any Indemnitee is a party thereto;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent
that such losses, claims, damages, liabilities or related expenses are determined by a final
non-appealable judgment of a court of competent jurisdiction to have resulted from the gross
negligence or willful misconduct of such Indemnitee. To the fullest extent permitted by applicable
law, the Borrower shall not assert, and each hereby waives, any claim against 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 shall be liable for any damages arising from the use by unintended recipients of any
information or other materials distributed by it through SyndTrak Online or by other comparable
electronic means in connection with this Agreement or the other Loan Documents or the transactions
contemplated hereby or thereby. This Section 9.19 shall survive termination of this
Agreement.

57

 

ARTICLE X

YIELD PROTECTION

     Section 10.1 Increased Costs.

     (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
reflected in the Eurodollar Basis) or the Issuing Bank; or

     (ii) impose on any Lender, the Issuing Bank or the London interbank market any other
condition, cost or expense affecting this Agreement or any Eurodollar Advance 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 Person of making or
maintaining any Eurodollar Advance (or of maintaining its obligation to make any such Advance), or
to increase the cost to such Person 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 Issuing Bank hereunder
(whether of principal, interest or any other amount) then, upon request of such Lender or the
Issuing Bank, the Borrower will pay to such Lender or the Issuing Bank, as the case may be, such
additional amount or amounts as will compensate such Lender or the Issuing Bank, as the case may
be, for such additional costs incurred or reduction suffered.

     (b) Capital Requirements. If any Lender or the Issuing Bank determines that any
Change in Law affecting such Lender or the Issuing Bank or any lending office of such Lender or
such Lender’s or the Issuing Bank’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 Issuing Bank’s capital
or on the capital of such Lender’s or the Issuing Bank’s holding company, if any, as a consequence
of this Agreement, the Revolving Loan Commitment 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
Issuing Bank, to a level below that which such Lender or the Issuing Bank or such Lender’s or the
Issuing Bank’s holding company could have achieved but for such Change in Law (taking into
consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the
Issuing Bank’s holding company with respect to capital adequacy), then from time to time the
Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or
amounts as will compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s
holding company for any such reduction suffered.

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

58

 

     (d) Delay in Requests. Failure or delay on the part of any Lender or the Issuing Bank
to demand compensation pursuant to this Section 10.1 shall not constitute a waiver of such
Lender’s or the Issuing Bank’s right to demand such compensation; provided that the
Borrower shall not be required to compensate a Lender or the Issuing Bank pursuant to this
Section 10.1 for any increased costs incurred or reductions suffered more than nine (9)
months prior to the date that such Lender or the Issuing Bank, 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 Issuing Bank’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 nine (9) month
period referred to above shall be extended to include the period of retroactive effect thereof).

     Section 10.2 Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 10.1, 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 10.1 in the future and (ii) would not subject such Lender to any unreimbursed cost
or expense and would not otherwise be 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
10.1, or if any Lender defaults in its obligation to fund any Advances hereunder, 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 9.5), 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:

     (i) the Borrower shall have paid to the Administrative Agent the assignment fee
specified in Section 9.5;

     (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and participations in the Letter of Credit Obligations, accrued
interest thereon, accrued fees and all other amounts payable to it hereunder and under the
other Loan Documents (including any amounts under Section 2.10) 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);

     (iii) in the case of any such assignment resulting from a claim for compensation under
Section 10.1, such assignment will result in a reduction in such compensation or
payments thereafter; and

     (iv) such assignment does not conflict with Applicable Law.

59

 

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

ARTICLE XI

JURISDICTION, VENUE AND WAIVER OF JURY TRIAL

     Section 11.1 Jurisdiction and Service of Process. FOR PURPOSES OF ANY LEGAL ACTION OR
PROCEEDING BROUGHT BY ANY MEMBER OF THE LENDER GROUP WITH RESPECT TO THIS AGREEMENT OR ANY OF THE
OTHER LOAN DOCUMENTS, THE BORROWER HEREBY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF THE
FEDERAL AND STATE COURTS SITTING IN THE STATE OF NEW YORK AND HEREBY IRREVOCABLY DESIGNATES AND
APPOINTS, AS ITS AUTHORIZED AGENT FOR SERVICE OF PROCESS IN THE STATE OF NEW YORK, CT CORPORATION
SYSTEM, WHOSE ADDRESS IS 111 EIGHTH AVENUE, NEW YORK, NEW YORK 10011, OR SUCH OTHER PERSON AS THE
BORROWER SHALL DESIGNATE HEREAFTER BY WRITTEN NOTICE GIVEN TO THE ADMINISTRATIVE AGENT. THE
CONSENT TO JURISDICTION HEREIN SHALL NOT BE EXCLUSIVE. THE LENDER GROUP SHALL FOR ALL PURPOSES
AUTOMATICALLY, AND WITHOUT ANY ACT ON THEIR PART, BE ENTITLED TO TREAT SUCH DESIGNEE OF THE
BORROWER AS THE AUTHORIZED AGENT TO RECEIVE FOR AND ON BEHALF OF THE BORROWER SERVICE OF WRITS, OR
SUMMONS OR OTHER LEGAL PROCESS IN THE STATE OF NEW YORK, WHICH SERVICE SHALL BE DEEMED EFFECTIVE
PERSONAL SERVICE ON SUCH BORROWER SERVED WHEN DELIVERED, WHETHER OR NOT SUCH AGENT GIVES NOTICE TO
THE BORROWER. THE BORROWER FURTHER IRREVOCABLY CONSENTS TO SERVICE OF PROCESS AT THE ADDRESS AND
IN THE MANNER SET FORTH ABOVE IN SECTION 9.1. IN THE EVENT THAT, FOR ANY REASON, SUCH
AGENT OR HIS OR HER SUCCESSORS SHALL NO LONGER SERVE AS AGENT OF THE BORROWER TO RECEIVE SERVICE OF
PROCESS IN THE STATE OF NEW YORK, THE BORROWER SHALL SERVE AND ADVISE THE ADMINISTRATIVE AGENT
THEREOF SO THAT AT ALL TIMES THE BORROWER WILL MAINTAIN AN AGENT TO RECEIVE SERVICE OF PROCESS IN
THE STATE OF NEW YORK ON BEHALF OF THE BORROWER WITH RESPECT TO THIS AGREEMENT AND ALL OTHER LOAN
DOCUMENTS. IN THE EVENT THAT, FOR ANY REASON, SERVICE OF LEGAL PROCESS CANNOT BE MADE IN THE
MANNER DESCRIBED ABOVE, SUCH SERVICE MAY BE MADE IN SUCH MANNER AS PERMITTED BY LAW.

     Section 11.2 Consent to Venue. THE BORROWER HEREBY IRREVOCABLY WAIVES ANY OBJECTION
IT WOULD MAKE NOW OR HEREAFTER FOR THE LAYING OF VENUE OF ANY SUIT, ACTION, OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS BROUGHT IN THE FEDERAL
COURTS OF THE UNITED STATES OF AMERICA SITTING IN NEW YORK COUNTY, NEW YORK, AND HEREBY IRREVOCABLY

60

 

WAIVES ANY CLAIM THAT ANY SUCH SUIT, ACTION, OR PROCEEDING HAS BEEN BROUGHT IN AN INCONVENIENT
FORUM.

     Section 11.3 Waiver of Jury Trial. THE BORROWER AND EACH MEMBER OF THE LENDER GROUP
TO THE EXTENT PERMITTED BY APPLICABLE LAW WAIVE, AND OTHERWISE AGREE NOT TO REQUEST, A TRIAL BY
JURY IN ANY COURT AND IN ANY ACTION, PROCEEDING OR COUNTERCLAIM OF ANY TYPE IN WHICH THE BORROWER,
ANY MEMBER OF THE LENDER GROUP, OR ANY OF THEIR RESPECTIVE SUCCESSORS OR ASSIGNS IS A PARTY, AS TO
ALL MATTERS AND THINGS ARISING DIRECTLY OR INDIRECTLY OUT OF THIS AGREEMENT OR ANY OF THE OTHER
LOAN DOCUMENTS, AND THE RELATIONS AMONG THE PARTIES LISTED IN THIS ARTICLE XI.

[remainder of page intentionally left blank]

61

 

SCHEDULE 1

PART I: EXISTING AUTO-EXTENDING LETTERS OF CREDIT

	 	 	 	 	 	 	 	 	 	 	 
	Letter of Credit No.	 	Balance	 	 	Issue Date	 	Expiry Date	 	Transition Date
	870-100241
	 	$	45,000.00	 	 	6/3/2002	 	5/1/2012	 	3/26/2012
	968-093121
	 	$	500,000.00	 	 	6/3/2002	 	12/31/2011	 	8/26/2011
	968-093126
	 	$	6,378,172.00	 	 	6/3/2002	 	3/30/2012	 	12/23/2011
	SM235309
	 	$	40,000.00	 	 	7/24/2009	 	8/5/2012	 	5/29/2012
	SM235375
	 	$	1,267,421.00	 	 	7/31/2009	 	8/8/2012	 	4/3/2012
	SM236354
	 	$	227,900.00	 	 	12/24/2009	 	12/31/2011	 	11/24/2011
	SM236356
	 	$	8,438,859.00	 	 	12/24/2009	 	12/31/2011	 	10/25/2011
	SM236815
	 	$	653,400.00	 	 	3/16/2010	 	9/6/2011	 	Restatement Effective Date
	SM236819
	 	$	3,191,096.00	 	 	3/17/2010	 	9/6/2011	 	Restatement Effective Date
	SM236825
	 	$	344,215.00	 	 	3/17/2010	 	9/6/2011	 	Restatement Effective Date

PART II: OTHER EXISTING LETTERS OF CREDIT

	 	 	 	 	 	 	 	 	 	 	 
	Letter of Credit No.	 	Balance	 	 	Issue Date	 	Expiry Date	 	Transition Date
	IS0000648
	 	$	801,224.00	 	 	6/9/2011	 	5/31/2012	 	N/A
	SM235880
	 	$	97,680.00	 	 	10/19/2009	 	9/30/2011	 	N/A
	SM236490
	 	$	108,575.00	 	 	1/19/2010	 	12/31/2011	 	N/A
	SM236643
	 	$	44,979.00	 	 	2/16/2010	 	9/30/2011	 	N/A
	SM237558
	 	$	102,120.00	 	 	7/23/2010	 	7/30/2012	 	N/A

 

 

SCHEDULE 2

REVOLVING LOAN COMMITMENT

	 	 	 	 	 	 	 	 	 
	 	 	Revolving	 	 	Revolving Loan	 
	Lender	 	Commitment Ratio	 	 	Commitment	 
	Wells Fargo Bank, National Association
	 	 	14.6666667	%	 	$	50,928,627.39	 
	Bank of America, N.A.
	 	 	13.3333333	%	 	$	46,298,752.20	 
	Regions Bank
	 	 	8.6666667	%	 	$	30,094,188.87	 
	SunTrust Bank
	 	 	8.6666667	%	 	$	30,094,188.87	 
	The Bank of Tokyo-Mitsubishi UFJ, Ltd., NY Branch
	 	 	8.0000000	%	 	$	27,779,251.28	 
	JPMorgan Chase Bank, N.A.
	 	 	8.0000000	%	 	$	27,779,251.28	 
	Credit Suisse, Cayman Islands Branch
	 	 	6.6666667	%	 	$	23,149,376.05	 
	Fifth Third Bank
	 	 	6.6666667	%	 	$	23,149,376.05	 
	The Northern Trust Company
	 	 	6.6666667	%	 	$	23,149,376.05	 
	CIBC, Inc.
	 	 	4.6666667	%	 	$	16,204,563.23	 
	PNC Bank
	 	 	4.6666667	%	 	$	16,204,563.24	 
	KBC Bank NV, New York Branch
	 	 	3.3333333	%	 	$	11,574,688.03	 
	KBC Bank NV
	 	 	3.3333333	%	 	$	11,574,688.05	 
	Comerica Bank
	 	 	2.6666667	%	 	$	9,259,750.41	 
	Total
	 	 	100	%	 	$	347,240,641.00	 

2

 

SCHEDULE 3

REVOLVING LOANS

	 	 	 	 	 
	Lender	 	Revolving Loan	 
	Wells Fargo Bank, National Association
	 	$	47,666,666.65	 
	Bank of America, N.A.
	 	$	43,333,333.33	 
	Regions Bank
	 	$	28,166,666.67	 
	SunTrust Bank
	 	$	28,166,666.67	 
	The Bank of Tokyo-Mitsubishi UFJ, Ltd., NY Branch
	 	$	26,000,000.00	 
	JPMorgan Chase Bank, N.A.
	 	$	26,000,000.00	 
	Credit Suisse, Cayman Islands Branch
	 	$	21,666,666.67	 
	Fifth Third Bank
	 	$	21,666,666.67	 
	The Northern Trust Company
	 	$	21,666,666.67	 
	CIBC, Inc.
	 	$	15,166,666.67	 
	PNC Bank
	 	$	15,166,666.67	 
	KBC Bank NV, New York Branch
	 	$	10,833,333.33	 
	KBC Bank NV
	 	$	10,833,333.33	 
	Comerica Bank
	 	$	8,666,666.67	 
	Total
	 	$	325,000,000.00	 

3

 

Schedule 6.1

Existing Indebtedness of Subsidiaries

Thomas & Betts Netherlands, B.V. maintains a EUR 10.0 million (approximately US $13.2 million)
committed revolving credit facility with a European bank that has an indefinite maturity.
Outstanding letters of credit which reduced availability under the European facility amounted to
approximately US $1.3 million at July 31, 2011.

4

 

Schedule 6.2

Existing Liens

None.

5exv10w2

Exhibit 10.2

EXECUTION COPY

 

CREDIT AGREEMENT

dated as of

August 11, 2011

among

THOMAS & BETTS CORPORATION

The Lenders Party Hereto

JPMORGAN CHASE BANK, N.A.

as Administrative Agent

WELLS FARGO BANK, NATIONAL ASSOCIATION

and

BANK OF AMERICA, N.A.

as Co-Syndication Agents

 

J.P. MORGAN SECURITIES LLC,

WELLS FARGO SECURITIES, LLC and

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

as Joint Bookrunners and Joint Lead Arrangers

 

 

 

	 	 	 	 	 

	ARTICLE I Definitions
	 	 	1	 
	 
	 	 	 	 
	SECTION 1.01. Defined Terms
	 	 	1	 
	SECTION 1.02. Classification of Loans and Borrowings
	 	 	19	 
	SECTION 1.03. Terms Generally
	 	 	19	 
	SECTION 1.04. Accounting Terms; GAAP
	 	 	20	 
	 
	 	 	 	 
	ARTICLE II The Credits
	 	 	20	 
	 
	 	 	 	 
	SECTION 2.01. Commitments
	 	 	20	 
	SECTION 2.02. Loans and Borrowings
	 	 	20	 
	SECTION 2.03. Requests for Revolving Borrowings
	 	 	21	 
	SECTION 2.04. Determination of Dollar Amounts
	 	 	22	 
	SECTION 2.05. Swingline Loans
	 	 	22	 
	SECTION 2.06. Letters of Credit
	 	 	23	 
	SECTION 2.07. Funding of Borrowings
	 	 	28	 
	SECTION 2.08. Interest Elections
	 	 	28	 
	SECTION 2.09. Termination and Reduction of Commitments
	 	 	30	 
	SECTION 2.10. Repayment of Loans; Evidence of Debt
	 	 	30	 
	SECTION 2.11. Prepayment of Loans
	 	 	31	 
	SECTION 2.12. Fees
	 	 	31	 
	SECTION 2.13. Interest
	 	 	32	 
	SECTION 2.14. Alternate Rate of Interest
	 	 	33	 
	SECTION 2.15. Increased Costs
	 	 	34	 
	SECTION 2.16. Break Funding Payments
	 	 	35	 
	SECTION 2.17. Taxes
	 	 	35	 
	SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	 	 	38	 
	SECTION 2.19. Mitigation Obligations; Replacement of Lenders
	 	 	40	 
	SECTION 2.20. Expansion Option
	 	 	40	 
	SECTION 2.21. Judgment Currency
	 	 	42	 
	SECTION 2.22. Defaulting Lenders
	 	 	42	 
	SECTION 2.23. Extension of Maturity Date
	 	 	43	 
	 
	 	 	 	 
	ARTICLE III Representations and Warranties
	 	 	45	 
	 
	 	 	 	 
	SECTION 3.01. Organization; Powers; Subsidiaries
	 	 	45	 
	SECTION 3.02. Authorization; Enforceability
	 	 	45	 
	SECTION 3.03. Governmental Approvals; No Conflicts
	 	 	45	 
	SECTION 3.04. Financial Condition; No Material Adverse Change
	 	 	45	 
	SECTION 3.05. Properties
	 	 	46	 
	SECTION 3.06. Litigation and Environmental Matters
	 	 	46	 
	SECTION 3.07. Compliance with Laws
	 	 	46	 
	SECTION 3.08. Investment Company Status
	 	 	46	 
	SECTION 3.09. Taxes
	 	 	46	 
	SECTION 3.10. ERISA
	 	 	46	 
	SECTION 3.11. Disclosure
	 	 	46	 
	SECTION 3.12. Federal Reserve Regulations
	 	 	47	 

ii

 

	 	 	 	 	 

	ARTICLE IV Conditions
	 	 	47	 
	 
	 	 	 	 
	SECTION 4.01. Effective Date
	 	 	47	 
	SECTION 4.02. Each Extension of Credit
	 	 	48	 
	 
	 	 	 	 
	ARTICLE V Affirmative Covenants
	 	 	48	 
	 
	 	 	 	 
	SECTION 5.01. Financial Statements and Other Information
	 	 	48	 
	SECTION 5.02. Notices of Material Events
	 	 	50	 
	SECTION 5.03. Existence, Rights and Privileges
	 	 	50	 
	SECTION 5.04. Payment of Obligations
	 	 	50	 
	SECTION 5.05. Maintenance of Properties; Insurance
	 	 	50	 
	SECTION 5.06. Books and Records; Inspection Rights
	 	 	50	 
	SECTION 5.07. Compliance with Laws
	 	 	51	 
	SECTION 5.08. Use of Proceeds
	 	 	51	 
	 
	 	 	 	 
	ARTICLE VI Negative Covenants
	 	 	51	 
	 
	 	 	 	 
	SECTION 6.01. Subsidiary Indebtedness
	 	 	51	 
	SECTION 6.02. Liens
	 	 	52	 
	SECTION 6.03. Fundamental Changes and Asset Sales
	 	 	52	 
	SECTION 6.04. Investments, Loans, Advances and Guarantees
	 	 	53	 
	SECTION 6.05. Transactions with Affiliates
	 	 	54	 
	SECTION 6.06. Restricted Payments
	 	 	54	 
	SECTION 6.07. Financial Covenants
	 	 	54	 
	 
	 	 	 	 
	ARTICLE VII Events of Default
	 	 	55	 
	 
	 	 	 	 
	ARTICLE VIII The Administrative Agent
	 	 	56	 
	 
	 	 	 	 
	ARTICLE IX Miscellaneous
	 	 	58	 
	 
	 	 	 	 
	SECTION 9.01. Notices
	 	 	58	 
	SECTION 9.02. Waivers; Amendments
	 	 	59	 
	SECTION 9.03. Expenses; Indemnity; Damage Waiver
	 	 	61	 
	SECTION 9.04. Successors and Assigns
	 	 	62	 
	SECTION 9.05. Survival
	 	 	65	 
	SECTION 9.06. Counterparts; Integration; Effectiveness
	 	 	65	 
	SECTION 9.07. Severability
	 	 	66	 
	SECTION 9.08. Right of Setoff
	 	 	66	 
	SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process
	 	 	66	 
	SECTION 9.10. WAIVER OF JURY TRIAL
	 	 	66	 
	SECTION 9.11. Headings
	 	 	67	 
	SECTION 9.12. Confidentiality
	 	 	67	 
	SECTION 9.13. USA PATRIOT Act
	 	 	67	 

iii

 

SCHEDULES:

Schedule 2.01 — Commitments

Schedule 2.02 — Mandatory Cost

Schedule 2.06 — Existing Wells Letters of Credit

Schedule 6.01 — Existing Indebtedness

Schedule 6.02 — Existing Liens

EXHIBITS:

Exhibit A — Form of Borrowing Request

Exhibit B — Form of Interest Election Request

Exhibit C — Form of Assignment and Assumption

Exhibit D-1 — Form of Opinion of Borrower’s Special New York Counsel

Exhibit D-2 — For of Opinion of Borrower’s Special Tennessee Counsel

Exhibit E — Form of Increasing Lender Supplement

Exhibit F — Form of Augmenting Lender Supplement

Exhibit G-1 — Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships)

Exhibit G-2 — Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships)

Exhibit G-3 — Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships)

Exhibit G-4 — Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships)

iv

 

          CREDIT AGREEMENT (this “Agreement”) dated as of August 11, 2011 among THOMAS & BETTS
CORPORATION, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as
Administrative Agent and WELLS FARGO BANK, NATIONAL ASSOCIATION and BANK OF AMERICA, N.A., as
Co-Syndication Agents.

          The parties hereto agree as follows:

ARTICLE I

Definitions

          SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings
specified below:

          “ABR”, when used in reference to any Loan or Borrowing, refers to a Loan, or the Loans
comprising such Borrowing, bearing interest at a rate determined by reference to the Alternate Base
Rate.

          “Adjusted LIBO Rate” means, with respect to any Eurocurrency Borrowing for any
Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of
1%) equal to the sum of (i) (a) the LIBO Rate for such Interest Period multiplied by (b) the
Statutory Reserve Rate plus, without duplication (ii) in the case of Loans by a Lender from its
office or branch in the United Kingdom that are denominated in Foreign Currencies, the Mandatory
Cost.

          “Administrative Agent” means JPMorgan Chase Bank, N.A. (including its branches and
affiliates), in its capacity as administrative agent for the Lenders hereunder.

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

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

          “Aggregate Commitment” means the aggregate of the Commitments of all of the Lenders,
as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the
Effective Date, the Aggregate Commitment is $500,000,000.

          “Agreed Currencies” means (i) Dollars, (ii) euro, (iii) Pounds Sterling, (iv) Canadian
Dollars and (v) any other Foreign Currency agreed to by the Administrative Agent and each of the
Lenders.

          “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of
(a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such
day plus 1/2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if
such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided
that, (i) for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate
appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such page) at
approximately 11:00 a.m. London time on such day and (ii) if the Adjusted LIBO Rate is not
ascertainable for any day, the Alternate Base Rate for such day shall be determined without regard to clause (c) above. Any change in the
Alternate

 

 

Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the
Adjusted LIBO Rate shall be effective from and including the effective date of such change in the
Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively.

          “Applicable Percentage” means, with respect to any Lender, the percentage of the
Aggregate Commitment represented by such Lender’s Commitment; provided that, in the case of
Section 2.22 when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the
percentage of the Aggregate Commitment (disregarding any Defaulting Lender’s Commitment)
represented by such Lender’s Commitment. If the Commitments have terminated or expired, the
Applicable Percentages shall be determined based upon the Commitments most recently in effect,
giving effect to any assignments and to any Lender’s status as a Defaulting Lender at the time of
determination.

          “Applicable Rate” means, for any day, with respect to any Eurocurrency Revolving Loan
or any ABR Revolving Loan or with respect to the facility fees payable hereunder, as the case may
be, the applicable rate per annum set forth below under the caption “Eurocurrency Spread”, “ABR
Spread” or “Facility Fee Rate”, as the case may be, based upon the Debt Rating as described below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Eurocurrency	 	 	ABR	 	 	Facility	 
	Pricing Level:	 	 	Debt Rating:	 	Spread	 	 	Spread	 	 	Fee Rate	 
	 	1	 	 	A-/A3 or above
	 	 	0.85	%	 	 	0	%	 	 	0.15	%
	 	2	 	 	BBB+/Baa1
	 	 	0.95	%	 	 	0	%	 	 	0.175	%
	 	3	 	 	BBB/Baa2
	 	 	1.05	%	 	 	0.05	%	 	 	0.20	%
	 	4	 	 	BBB-/Baa3
	 	 	1.25	%	 	 	0.25	%	 	 	0.25	%
	 	5	 	 	BB+/Ba1 or lower
	 	 	1.55	%	 	 	0.55	%	 	 	0.325	%

For purposes of the foregoing, if the Borrower shall maintain a Debt Rating from only two of
Moody’s, S&P and Fitch, then the higher of such Debt Ratings shall apply (with Pricing Level
1 being the highest and Pricing Level 5 being the lowest), unless there is a split in Debt
Ratings of more than one level, in which case, the level that is one level lower than the
higher Debt Rating shall apply. If the Borrower shall maintain a rating of its senior
unsecured indebtedness from all three of Moody’s, S&P and Fitch and there is a difference in
such ratings, (A) pricing will be based on the higher level when there is a one-notch rating
differential between the Debt Ratings, and (B) if there is greater than a one-notch rating
differential between the Debt Ratings, and if two Debt Ratings are equivalent and the third
Debt Rating is lower, then the higher Debt Rating shall govern; otherwise the applicable
level shall be based upon one level below the level corresponding to the highest of the
three Debt Ratings. Any change in the Applicable Rate shall become effective on and as of
the date of any public announcement of any Debt Rating that indicates a different Applicable
Rate. If the rating system of S&P, Moody’s or Fitch shall change, the Borrower and the
Administrative Agent shall negotiate in good faith to amend this definition to reflect such
changed rating system, and pending effectiveness of such amendment (which shall require the
approval of the Required Lenders, such approval not to be unreasonably withheld, conditioned
or delayed or conditioned upon the payment of a fee to one or more of the Lenders), the Debt
Ratings shall be determined by reference to the rating most recently in effect prior to such
change.

2

 

          “Approved Fund” has the meaning assigned to such term in Section 9.04.

          “Assignment and Assumption” means an assignment and assumption agreement entered into
by a Lender and an assignee (with the consent of any party whose consent is required by Section
9.04), and accepted by the Administrative Agent, in the form of Exhibit C or any other form
approved by the Administrative Agent.

          “Augmenting Lender” has the meaning assigned to such term in Section 2.20.

          “Availability Period” means the period from and including the Effective Date to but
excluding the earlier of the Maturity Date and the date of termination of the Commitments.

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

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

          “Borrower” means Thomas & Betts Corporation, a Tennessee corporation.

          “Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued
on the same date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in
effect or (b) a Swingline Loan.

          “Borrowing Request” means a request by the Borrower for a Revolving Borrowing in
accordance with Section 2.03.

          “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed;
provided that, when used in connection with a Eurocurrency Loan, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in the relevant Agreed
Currency in the London interbank market or the principal financial center of such Agreed Currency
(and, if the Borrowings or LC Disbursements which are the subject of a borrowing, drawing, payment,
reimbursement or rate selection are denominated in euro, the term “Business Day” shall also exclude
any day on which the TARGET payment system is not open for the settlement of payments in euro).

          “Canadian Dollars” means the lawful currency of Canada.

          “Capital Lease Obligations” of any Person means the obligations of such Person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal

3

 

property, or a combination thereof, which obligations are, subject to clause (a) of
Section 1.04, required to be classified and accounted for as capital leases on a balance sheet of such Person under
GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in
accordance with GAAP.

          “Change in Control” means (a) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange
Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof), of Equity
Interests representing more than 35% of the aggregate ordinary voting power represented by the
issued and outstanding Equity Interests of the Borrower; (b) occupation of a majority of the seats
(other than vacant seats) on the board of directors of the Borrower by Persons who were neither (i)
nominated by the board of directors of the Borrower nor (ii) appointed by directors so nominated or
(c) the acquisition of direct or indirect Control of the Borrower by any Person or group.

          “Change in Law” means the occurrence, after the date of this Agreement (or with
respect to any Lender, if later, the date on which such Lender becomes a Lender), 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,
rules, guideline, requirement or directive (whether or not having the force of law) by any
Governmental Authority; provided however, that notwithstanding anything herein to
the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, guidelines, requirements and directives thereunder, issued in connection therewith or in
implementation thereof, and (ii) all requests, rules, guidelines, requirements and directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision
(or any successor or similar authority) or the United States or foreign regulatory authorities, in
each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law” regardless of
the date enacted, adopted, issued or implemented.

          “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

          “Code” means the Internal Revenue Code of 1986.

          “Commitment” means, with respect to each Lender, the commitment of such Lender to make
Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder,
expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit
Exposure hereunder, as such commitment may be (a) reduced or terminated from time to time pursuant
to Section 2.09, (b) increased from time to time pursuant to Section 2.20 and (c) reduced or
increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.
The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, or in the
Assignment and Assumption or other documentation contemplated hereby pursuant to which such Lender
shall have assumed its Commitment, as applicable.

          “Computation Date” is defined in Section 2.04.

          “Consolidated EBITDA” means Consolidated Net Income plus, to the extent
deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense,
(ii) expense for income taxes paid or accrued, (iii) depreciation, (iv) amortization, (v)
extraordinary or non-recurring non-cash expenses or losses incurred other than in the ordinary
course of business, (vi) non-cash expenses related to stock based compensation and (vii) any
non-cash impairment charges or non-cash asset write offs or amortization related to intangible
assets and long-lived assets pursuant to GAAP (including

4

 

pursuant to FASB ASC Topics 350, 360 or 805) minus, to the extent included in Consolidated Net Income, (1) interest income, (2)
income tax credits and refunds (to the extent not netted from tax
expense), (3) any cash payments made during such period in respect of items described in
clauses (v), (vi) or (vii) above subsequent to the fiscal quarter in which the relevant non-cash
expenses or losses were incurred and (4) extraordinary, unusual or non-recurring income or gains
realized other than in the ordinary course of business, all calculated for the Borrower and its
Subsidiaries in accordance with GAAP on a consolidated basis. For the purposes of calculating
Consolidated EBITDA for any period of four consecutive fiscal quarters (each such period, a
“Reference Period”), (i) if at any time between the first day of the applicable Reference
Period and the day that any determination of Consolidated EBITDA is to be made the Borrower or any
Subsidiary shall have made any Material Disposition, the Consolidated EBITDA for such Reference
Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to
the property that is the subject of such Material Disposition for such Reference Period or
increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such
Reference Period, and (ii) if at any time between the first day of the applicable Reference Period
and the day that any determination of Consolidated EBITDA is to be made the Borrower or any
Subsidiary shall have made a Material Acquisition, Consolidated EBITDA for such Reference Period
shall be calculated after giving effect thereto on a Pro Forma Basis as if such Material
Acquisition occurred on the first day of such Reference Period.

          “Consolidated Interest Expense” means, with reference to any period, the interest
expense (including without limitation interest expense under Capital Lease Obligations that is
treated as interest in accordance with GAAP) of the Borrower and its Subsidiaries calculated on a
consolidated basis for such period with respect to all outstanding Indebtedness of the Borrower and
its Subsidiaries allocable to such period in accordance with GAAP (including, without limitation,
all commissions, discounts and other fees and charges owed with respect to letters of credit and
bankers acceptance financing and net costs under interest rate Swap Agreements to the extent such
net costs are allocable to such period in accordance with GAAP). In the event that the Borrower or
any Subsidiary shall have completed a Material Acquisition or a Material Disposition since the
beginning of the relevant period, Consolidated Interest Expense shall be determined for such period
on a Pro Forma Basis as if such Material Acquisition or Material Disposition, and any related
incurrence or repayment of Indebtedness, had occurred at the beginning of such period.

          “Consolidated Net Income” means, with reference to any period, the net income (or
loss) of the Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated
basis (without duplication) for such period.

          “Consolidated Total Assets” means, as of the date of any determination thereof, total
assets of the Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated
basis as of such date; provided that if the Borrower or any Subsidiary shall have made a
Material Acquisition or Material Disposition at any time between the date as of which Consolidated
Total Assets is to be determined and the date of such determination, Consolidated Total Assets
shall be determined on a pro forma basis as if such Material Acquisition or Material Deposition had
been consummated on the date as of which Consolidated Total Assets is to be determined.

          “Consolidated Total Indebtedness” means at any time the sum, without duplication, of
the aggregate Indebtedness (excluding Indebtedness described in clause (g) of the definition of
Indebtedness (or described in clause (d) or (e) of the definition of Indebtedness to the extent
that the underlying obligation being guaranteed or secured is described in clause (g) of the
definition of Indebtedness), but the aggregate amount of all such Indebtedness shall only be
excluded to the extent not in excess of

5

 

$35,000,000) of the Borrower and its Subsidiaries
calculated on a consolidated basis as of such time in accordance with GAAP.

          “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.

          “Co-Syndication Agents” means Wells Fargo Bank, National Association and Bank of
America, N.A., each in its capacity as co-syndication agent for the credit facility evidenced by
this Agreement.

          “Credit Amount” means the aggregate principal amount of a Borrowing, the undrawn
amount of a Letter of Credit or the unpaid principal amount of a reimbursement obligation in
respect of an LC Disbursement or any of the foregoing.

          “Credit Party” means the Administrative Agent, any Issuing Bank, the Swingline Lender
or any other Lender.

          “Debt Rating” means, as of any date of determination, the rating as determined by S&P,
Moody’s or Fitch (collectively, the “Debt Ratings”) of the Borrower’s senior unsecured
non-credit enhanced long-term funded indebtedness.

          “Deemed Issuance Date” means, with respect to each Existing Wells Letter of Credit,
the date set forth on Schedule 2.06 hereto under the column headed “Deemed Issuance Date”
for such Existing Wells Letter of Credit.

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

          “Defaulting Lender” means any Lender that (a) has failed, within two (2) Business Days
of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any
portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any
Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause
(i) above, such Lender notifies the Administrative Agent in writing that such failure is the result
of such Lender’s good faith determination that a condition precedent to funding (specifically
identified and including the particular default, if any) has not been satisfied, (b) has notified
the Borrower or any Credit Party in writing, or has made a public statement to the effect, that it
does not intend or expect to comply with any of its funding obligations under this Agreement
(unless such writing or public statement indicates that such position is based on such Lender’s
good faith determination that a condition precedent (specifically identified and including the
particular default, if any) to funding a loan under this Agreement cannot be satisfied) or
generally under other agreements in which it commits to extend credit, (c) has failed, within three
(3) Business Days after request by the Administrative Agent, acting in good faith, to provide a
certification in writing from an authorized officer of such Lender that it will comply with its
obligations (and is financially able to meet such obligations) to fund prospective Loans and
participations in then outstanding Letters of Credit and Swingline Loans under this Agreement,
provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon
the Administrative Agent’s receipt of such certification in form and substance satisfactory to it,
or (d) has become, or its Parent has become, the subject of a Bankruptcy Event.

6

 

          “Dollar Amount” of any currency at any date shall mean (i) the amount of such currency
if such currency is Dollars or (ii) the equivalent in Dollars in such currency if such currency is
a Foreign Currency, calculated on the basis of the Exchange Rate for such currency, on or as of the
most recent Computation Date provided for in Section 2.04.

          “Dollars” or “$” refers to lawful money of the United States of America.

          “Effective Date” means the date on which the conditions specified in Section 4.01 are
satisfied (or waived in accordance with Section 9.02).

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

          “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Borrower or any Subsidiary 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.

          “Equity Interests” means shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or other equity ownership
interests in a Person, and any warrants, options or other rights entitling the holder thereof to
purchase or acquire any of the foregoing.

          “Equivalent Amount” of any currency with respect to any amount of Dollars at any date
shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of
the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which
such amount is to be determined.

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

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

          “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day
notice period is waived); (b) the failure to satisfy the minimum funding standard (as defined in
Section 302 of ERISA) with respect to any Plan; (c) the filing pursuant to Section 412(c) of the
Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with
respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any
liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by
the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to
an intention to terminate any

7

 

Plan or Plans or to appoint a trustee to administer any Plan; (f) the
incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal of the Borrower or any of its ERISA Affiliates from any Plan or
Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the
receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice,
concerning the imposition upon the Borrower or any of its ERISA
Affiliates of Withdrawal Liability or a determination that a Multiemployer Plan is, or is
expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

          “EU” means the European Union.

          “euro” and/or “EUR” means the single currency of the participating member
states of the EU.

          “Eurocurrency”, when used in reference to a currency means an Agreed Currency and when
used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such
Borrowing, bears interest at a rate determined by reference to the Adjusted LIBO Rate.

          “Eurocurrency Payment Office” of the Administrative Agent shall mean, for each Foreign
Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such
currency as specified from time to time by the Administrative Agent to the Borrower and each
Lender.

          “Event of Default” has the meaning assigned to such term in Article VII.

          “Exchange Rate” means, on any day, with respect to any Foreign Currency, the rate at
which such Foreign Currency may be exchanged into Dollars, as set forth at approximately 11:00
a.m., Local Time, on such date on the Reuters World Currency Page for such Foreign Currency. In
the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate with
respect to such Foreign Currency shall be determined by reference to such other publicly available
service for displaying exchange rates as may be reasonably selected by the Administrative Agent or,
in the event no such service is selected, such Exchange Rate shall instead be calculated on the
basis of the arithmetical mean of the buy and sell spot rates of exchange of the Administrative
Agent for such Foreign Currency on the London market at 11:00 a.m., Local Time, on such date for
the purchase of Dollars with such Foreign Currency, for delivery two Business Days later;
provided, that if at the time of any such determination, for any reason, no such spot rate
is being quoted, the Administrative Agent, after consultation with the Borrower, may use any
reasonable method it deems appropriate to determine such rate, and such determination shall be
conclusive absent manifest error.

          “Excluded Taxes” means, with respect to any payment made by the Borrower under any
Loan Document, any of the following Taxes imposed on or with respect to a Recipient or required to
be withheld or deducted from a payment to a Recipient:

          (a) Taxes imposed on (or measured by) net income, branch profits Taxes and franchise Taxes in
each case imposed by the United States of America, or by the jurisdiction under the laws of which
such Recipient is organized or in which its principal office is located or, in the case of any
Lender, in which its applicable lending office is located;

          (b) Other Connection Taxes;

          (c) in the case of a Non U.S. Lender (other than an assignee pursuant to a request by the
Borrower under Section 2.19(b)), any U.S. Federal withholding Taxes resulting from any law in
effect

8

 

(including FATCA) on the date such Non U.S. Lender becomes a party to this Agreement (or
designates a new lending office) or is attributable to such Non U.S. Lender’s failure to comply
with Section 2.17(f), except to the extent that such Non U.S. 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 with respect to such withholding Taxes pursuant to Section 2.17(a); and

          (d) any U.S. Federal backup withholding Tax or Taxes attributable to a U.S. Lender’s failure
to comply with Section 2.17(f).

          “Existing Credit Agreement” means that certain Second Amended and Restated Credit
Agreement, dated as of October 16, 2007, by and among the Borrower, the lenders party thereto from
time to time and Wells Fargo Bank, National Association, as administrative agent thereunder.

          “Existing Wells Letter of Credit” means each letter of credit listed on Schedule
2.06 hereto, each of which has been issued by Wells Fargo Bank, National Association, as
issuing bank, and is, immediately prior to the Effective Date, outstanding, under the Existing
Credit Agreement.

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

          “Federal Funds Effective Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day that is a Business Day, the average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received
by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

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

          “Fitch” means Fitch Ratings.

          “Foreign Currencies” means Agreed Currencies other than Dollars.

          “Foreign Currency LC Exposure” means, at any time, the sum of (a) the Dollar Amount of
the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at
such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of
Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

          “Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign
Currency.

          “GAAP” means generally accepted accounting principles in the United States of America.

          “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency,
authority,

9

 

instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government.

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

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

          “Immaterial Subsidiary” means a Subsidiary the book value of whose net assets, as of
the date of the balance sheet most recently delivered by the Borrower pursuant to Section 5.01(a)
or (b) or, if prior to the date of delivery the first balance sheet to be delivered pursuant to
Section 5.01(a) or (b), the balance sheet referred to in Section 3.04(a)(ii), does not exceed
$25,000,000.

          “Increasing Lender” has the meaning assigned to such term in Section 2.20.

          “Incremental Term Loan” has the meaning assigned to such term in Section 2.20.

          “Incremental Term Loan Amendment” has the meaning assigned to such term in Section
2.20.

          “Indebtedness” of any Person means, without duplication, (a) all obligations of such
Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes
or similar instruments, (c) all obligations of such Person under conditional sale or other title
retention agreements relating to property acquired by such Person or in respect of the deferred
purchase price of property or services (excluding any such obligations incurred in the ordinary
course of business and deferred compensation), (d) all Indebtedness of others secured by any Lien
on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has
been assumed, (e) all Guarantees by such Person of Indebtedness of others, (f) all Capital Lease
Obligations of such Person, (g) all obligations, contingent or otherwise, of such Person as an
account party in respect of letters of credit and letters of guaranty and (h) all obligations,
contingent or otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness of
any Person shall include the Indebtedness of any other entity (including any partnership in which
such Person is a general partner) to the extent such Person is liable therefor as a result of such
Person’s ownership interest in or other relationship with such entity, except to the extent the
terms of such Indebtedness provide that such Person is not liable therefor.

          “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with
respect to any payment made by the Borrower under any Loan Document and (b) Other Taxes.

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          “Information Memorandum” means the Confidential Information Memorandum dated July 2011
relating to the Borrower and the Transactions.

          “Interest Coverage Ratio” has the meaning assigned to such term in Section 6.07(b).

          “Interest Election Request” means a request by the Borrower to convert or continue a
Revolving Borrowing in accordance with Section 2.08.

          “Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline
Loan), the last day of each March, June, September and December and the Maturity Date, (b) with
respect to any Eurocurrency Loan, the last day of the Interest Period applicable to the Borrowing
of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period
of more than three months’ duration, each day prior to the last day of such Interest Period that
occurs at intervals of three months’ duration after the first day of such Interest Period and the
Maturity Date and (c) with respect to any Swingline Loan, the day that such Loan is required to be
repaid and the Maturity Date.

          “Interest Period” means with respect to any Eurocurrency Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day in the
calendar month that is one, two, three or six months (or nine or twelve months if agreed to by each
Lender) thereafter, as the Borrower may elect; provided, that (i) if any Interest Period
would end on a day other than a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless such next succeeding Business Day would fall in the next calendar
month, in which case such Interest Period shall end on the next preceding Business Day, (ii) any
Interest Period that commences on the last Business Day of a calendar month (or on a day for which
there is no numerically corresponding day in the last calendar month of such Interest Period)
shall, subject to clause (iii) below, end on the last Business Day of the last calendar month of
such Interest Period and (iii) any Interest Period that would otherwise end after the Maturity Date
shall end on the Maturity Date. For purposes hereof, the date of a Borrowing initially shall be
the date on which such Borrowing is made and, in the case of a Revolving Borrowing, thereafter
shall be the effective date of the most recent conversion or continuation of such Borrowing.

          “IRS” means the United States Internal Revenue Service.

          “Issuing Bank” means JPMorgan Chase Bank, N.A., Wells Fargo Bank, National
Association, Bank of America, N.A. and each other Lender designated by the Borrower as an “Issuing
Bank” hereunder that has agreed to such designation (and is reasonably acceptable to the
Administrative Agent), each in its capacity as the issuer of Letters of Credit hereunder, and its
successors in such capacity as provided in Section 2.06(i). Any Issuing Bank may, with the consent
of the Borrower (such consent not to be unreasonably withheld or delayed) arrange for one or more
Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing
Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

          “LC Collateral Account” has the meaning assigned to such term in Section 2.06(j).

          “LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of
Credit.

          “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn Dollar Amount
of all outstanding Letters of Credit at such time plus (b) the aggregate Dollar Amount of all LC
Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC

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Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure
at such time.

          “Lenders” means the Persons listed on Schedule 2.01 and any other Person that
shall have become a Lender hereunder pursuant to Section 2.20 or pursuant to an Assignment and
Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment
and Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swingline
Lender.

          “Letter of Credit” means any letter of credit issued pursuant to this Agreement.

          “Leverage Ratio” has the meaning assigned to such term in Section 6.07(a).

          “LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period,
the rate appearing on, in the case of Dollars, Reuters Screen LIBOR01 Page and, in the case of any
Foreign Currency, the appropriate page of such service which displays British Bankers Association
Interest Settlement Rates for deposits in such Foreign Currency (or, in each case, on any successor
or substitute page of such service, or any successor to or substitute for such service, providing
rate quotations comparable to those currently provided on such page of such service, as determined
by the Administrative Agent from time to time for purposes of providing quotations of interest
rates applicable to deposits in the relevant Agreed Currency in the London interbank market) at
approximately 11:00 a.m., London time, two (2) Business Days prior to (or, in the case of Loans
denominated in Pounds Sterling, on the day of) the commencement of such Interest Period, as the
rate for deposits in the relevant Agreed Currency with a maturity comparable to such Interest
Period. In the event that such rate is not available at such time for any reason, then the
“LIBO Rate” with respect to such Eurocurrency Borrowing for such Interest Period shall be
the rate at which deposits in the relevant Agreed Currency in the nearest multiple of 100,000 of
the units of such Agreed Currency to an Equivalent Amount of $5,000,000 and for a maturity
comparable to such Interest Period are offered by the principal London office of the Administrative
Agent in immediately available funds in the London interbank market at approximately 11:00 a.m.,
London time, two (2) Business Days prior to (or, in the case of Loans denominated in Pounds
Sterling, on the day of) the commencement of such Interest Period.

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

          “Loan Documents” means this Agreement and any promissory notes issued pursuant to
Section 2.10(e) of this Agreement. Any reference in this Agreement or any other Loan Document to a
Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments,
restatements, supplements or other modifications thereto, and shall refer to this Agreement or such
Loan Document as the same may be in effect at any and all times such reference becomes operative.

          “Loans” means the loans made by the Lenders to the Borrower pursuant to this
Agreement.

          “Local Time” means (i) New York City time in the case of a Loan, Borrowing or LC
Disbursement denominated in Dollars and (ii) local time in the case of a Loan, Borrowing or LC
Disbursement denominated in a Foreign Currency (it being understood that such local time shall mean
London, England time unless otherwise notified by the Administrative Agent).

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          “Mandatory Cost” is described in Schedule 2.02.

          “Material Acquisition” means any acquisition of property or series of related
acquisitions of property that (a) constitutes (i) assets comprising all or substantially all or any
significant portion of a business or operating unit of a business, or (ii) all or substantially all
of the common stock or other Equity Interests of a Person, and (b) involves the payment of
consideration by the Borrower and its Subsidiaries in excess of $100,000,000.

          “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
operations or financial condition of the Borrower and its Subsidiaries, taken as a whole, (b) the
ability of
the Borrower to perform any of its payment obligations under this Agreement or (c) the
validity or enforceability of this Agreement or any and all other Loan Documents or the rights or
remedies of the Administrative Agent and the Lenders thereunder.

          “Material Disposition” means any sale, transfer or disposition of property or series
of related sales, transfers, or dispositions of property that yields gross proceeds to the Borrower
or any of its Subsidiaries in excess of $100,000,000.

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

          “Maturity Date” means August 11, 2016, subject to extension (in the case of each
Lender consenting thereto) as provided in Section 2.23.

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

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

          “Non-U.S. Lender” means a Lender that is not a U.S. Person.

          “Obligations” means all unpaid principal of and accrued and unpaid interest on the
Loans, all reimbursement obligations under Letters of Credit, all accrued and unpaid fees and all
expenses, reimbursements, indemnities and other obligations and indebtedness (including interest
and fees accruing during the pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether allowed or allowable in such proceeding), obligations and
liabilities of any of the Borrower and its Subsidiaries to any of the Lenders, the Administrative
Agent, any Issuing Bank or any indemnified party, individually or collectively, existing on the
Effective Date or arising thereafter, direct or indirect, joint or several, absolute or contingent,
matured or unmatured, liquidated or unliquidated, secured or unsecured, arising by contract,
operation of law or otherwise, arising or incurred under this Agreement or any of the other Loan
Documents.

          “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a
result of a present or former connection between such Recipient and the jurisdiction imposing such
Taxes (other than a connection arising from such Recipient having executed, delivered, enforced,
become a

13

 

party to, performed its obligations under, received payments under, received or perfected
a security interest under, or engaged in any other transaction pursuant to, or enforced, any Loan
Document, or sold or assigned an interest in any Loan Document).

          “Other Taxes” means any present or future stamp, court, documentary, intangible,
recording, filing or similar excise or property Taxes that arise from any payment made under, from
the execution, delivery, performance, enforcement or registration of, or from the registration,
receipt or perfection of a security interest under, or otherwise with respect to, any Loan
Document, except any such Taxes that are Other Connection Taxes imposed with respect to an
assignment (other than an assignment under Section 2.19(b)).

          “Overnight Foreign Currency Rate” means, for any amount payable in a Foreign Currency,
the rate of interest per annum as reasonably determined by the Administrative Agent at which
overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for
more than three (3) Business Days, then for such other period of time as the Administrative Agent
may elect) for delivery in immediately available and freely transferable funds would be offered by
the Administrative Agent to major banks in the interbank market upon request of such major banks
for the relevant currency as determined above and in an amount comparable to the unpaid principal
amount of the related Credit Amount.

          “Parent” means, with respect to any Lender, any Person as to which such Lender is,
directly or indirectly, a subsidiary.

          “Participant” has the meaning assigned to such term in Section 9.04.

          “Participant Register” has the meaning assigned to such term in Section 9.04(c).

          “Participating Member State” means any member state of the European Union that adopts
or has adopted the euro as its lawful currency in accordance with legislation of the European Union
relating to economic and monetary union.

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

          “Permitted Encumbrances” means:

          (a) Liens for Taxes that are not yet due, are being contested in compliance with Section 5.04
or secure amounts that are not material to the Borrower and its Subsidiaries taken as a whole;

          (b) landlords’ carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other
like Liens imposed by law, arising in the ordinary course of business;

          (c) pledges and deposits made in the ordinary course of business in compliance with workers’
compensation, unemployment insurance, social security laws or regulations or similar laws or
regulations, or insurance related obligations (including pledges or deposits securing liability to
insurance carriers under insurance or self-insurance arrangements);

          (d) pledges, deposits or Liens in connection with bids, tenders, contracts (other than for
borrowed money) or leases, or to secure utilities, licenses, public or statutory obligations, or to
secure

          
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surety, indemnity, judgment, appeal or performance bonds, guarantees of government contracts
(or other similar bonds, instruments or obligations), or as security for contested taxes or import
or customs duties or for the payment of rent or other obligations of like nature, in each case
incurred in the ordinary course of business;

          (e) judgment Liens in respect of judgments that do not constitute an Event of Default under
clause (k) of Article VII;

          (f) encumbrances, ground leases easements (including reciprocal easement agreements), survey
exceptions, or reservations of, or rights of others for, licenses, rights of way, sewers, canals,
ditches, water rights, highways, roads, railroads, fences, oil and gas leases, electric lines, data
communications, and telephone lines and other similar purposes, or zoning, building codes or other
restrictions (including minor defects or irregularities in title and similar encumbrances) as to
the use of the real properties or Liens incidental to the conduct of the business of the Borrower and its
Subsidiaries or to the ownership of its properties which do not in the aggregate materially
adversely affect the value of said properties or materially impair their use in the operation of
the business of the Borrower and its Subsidiaries;

          (g) contractual Liens which arise in the ordinary course of business under operating
agreements, joint venture agreements, partnership agreements, leases, areas of mutual interest
agreements, royalty agreements, marketing agreements, processing agreements, development
agreements, and other agreements which are usual and customary in the mining business;

          (h) leases, licenses, subleases and sublicenses of assets (including real property and
intellectual property rights), in each case entered into in the ordinary course of business;

          (i) Liens arising by virtue of any statutory or common law provisions relating to banker’s
Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds
maintained with a depository or financial institution;

          (j) Liens arising from Uniform Commercial Code financing statement filings (or similar filings
in other applicable jurisdictions) regarding operating leases entered into by the Borrower and its
Subsidiaries in the ordinary course of business;

          (k) any interest or title of a lessor under any operating lease;

          (l) (i) mortgages, liens, security interests, restrictions, encumbrances or other matters of
record that have been placed by any government, statutory or regulatory authority, developer,
landlord or other third party on property over which the Borrower or any Subsidiary has easement
rights or on any leased property and subordination or similar arrangements relating thereto and
(ii) any condemnation or eminent domain proceedings affecting any real property;

          (m) any encumbrances or restriction (including put and call arrangements) with respect to
Equity Interests of any joint venture or similar arrangement pursuant to any joint venture or
similar agreement;

          (n) Liens on property or assets under construction (and related rights) in favor of a
contractor or developer or arising from progress or partial payments by a third party relating to
such property or assets;

15

 

          (o) Liens securing or arising by reason of any netting or set-off arrangement entered
into in the ordinary course of banking or other trading activities or Liens over cash accounts
securing cash pooling arrangements; and

          (p) Liens arising out of conditional sale, title retention, hire purchase, consignment or
similar arrangements for the sale of goods entered into in the ordinary course of business;

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

          “Permitted Investments” means:

          (a) direct obligations of, or obligations the principal of and interest on which are
unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent
such obligations are backed by the full faith and credit of the United States of America), in each
case maturing within one year from the date of acquisition thereof;

          (b) investments in commercial paper maturing within 270 days from the date of acquisition
thereof and having, at such date of acquisition, a credit rating from S&P of A-2 or higher or from
Moody’s of P-2 or higher;

          (c) investments in certificates of deposit, banker’s acceptances and time deposits maturing
within one year from the date of acquisition thereof issued or guaranteed by or placed with, and
money market deposit accounts issued or offered by, (i) any commercial bank which has a short term
deposit rating issued by S&P of A-2 or higher or by Moody’s of P-2 or higher or (ii) any commercial
bank organized under the laws of the United States of America or any State thereof which has a
combined capital and surplus and undivided profits of not less than $250,000,000;

          (d) repurchase agreements with a term of not more than one year for securities described in
clauses (a), (b) and (c);

          (e) money market funds that (i) are rated AAA by S&P and Aaa by Moody’s and (ii) have
portfolio assets of at least $1,000,000,000;

          (f) (i) short-term obligations issued by any local commercial bank or trust company located in
those areas where the Borrower or a Subsidiary conducts its business, whose deposits are insured by
the Federal Deposit Insurance Corporation, or (ii) commercial bank-insured money market funds, or
any combination of the types of investments described in this clause (f);

          (g) the following types of investments in accordance with investment policies approved by the
Board of Directors of the Borrower: (i) taxable municipal securities, (ii) asset backed securities,
(iii) corporate bonds, notes and floating rate notes including medium term notes, (iv) fixed income
mutual funds, (v) short duration mortgage-backed securities, (vi) tax-exempt commercial paper,
(vii) municipal notes and bonds, (viii) tax-exempt valuable rate demand notes, (ix) tax-exempt
money market funds, and (x) tax-exempt fixed income funds; and

          (h) in the case of any Subsidiary organized or conducting business outside the United States,
investments denominated in the currency of the jurisdiction in which such Subsidiary is organized
or conducts business which are similar to the assets referred to in clauses (a), (b), (c), (d),
(e), (f) and (g) above.

16

 

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

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

          “Pounds Sterling” means the lawful currency of the United Kingdom.

          “Prime Rate” means the rate of interest per annum publicly announced from time to time
by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City;
each change in the Prime Rate shall be effective from and including the date such change is
publicly announced as being effective.

          “Pro Forma Basis” means, with respect to any event, that the Borrower is in compliance
on a pro forma basis with the applicable covenant, calculation or requirement herein
recomputed as if the event with respect to which compliance on a Pro Forma Basis is being tested
had occurred on the first day of the four fiscal quarter period most recently ended on or prior to
such date for which financial statements have been delivered pursuant to Section 5.01.

          “Recipient” means, as applicable, (a) the Administrative Agent, (b) any Lender and (c)
any Issuing Bank.

          “Register” has the meaning set forth in Section 9.04.

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

          “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and
unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures
and unused Commitments at such time.

          “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in the Borrower or any
Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such Equity Interests in the Borrower or any Subsidiary or any
option, warrant or other right to acquire any such Equity Interests in the Borrower or any
Subsidiary; provided that payments of principal and interest in respect of Indebtedness convertible
into equity interest of the Borrower or any Subsidiary shall not constitute Restricted Payments.

          “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of
the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline
Exposure at such time.

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

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          “S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services
LLC business.

          “SEC” means the United States Securities and Exchange Commission.

          “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the aggregate of the
maximum reserve, liquid asset, fees or similar requirements (including any marginal, special,
emergency or supplemental reserves or other requirements) established by any central bank, monetary
authority, the Board, the Financial Services Authority, the European Central Bank or other
Governmental Authority for any category of deposits or liabilities customarily used to fund loans
in the applicable currency, expressed in the case of each such requirement as a decimal. Such
reserve, liquid asset, fees or similar requirements shall, in the case of Dollar denominated Loans,
include those imposed pursuant to Regulation D of the Board. Eurocurrency Loans shall be deemed to
be subject to such reserve, liquid asset, fee or similar requirements without benefit of or credit
for proration, exemptions or offsets that may be available from time to time to any Lender under
any applicable law, rule or regulation, including Regulation D of the Board. The Statutory Reserve
Rate shall be adjusted automatically on and as of the effective date of any change in any reserve,
liquid asset or similar requirement.

          “Subordinated Indebtedness” means any Indebtedness of the Borrower or any Subsidiary
the payment of which is subordinated to payment of the obligations under the Loan Documents.

          “subsidiary” means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity the accounts of
which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as
well as any other corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than 50% of the equity or
more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, Controlled or held, or (b) that is, as
of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by
the parent and one or more subsidiaries of the parent.

          “Subsidiary” means any subsidiary of the Borrower.

          “Swap Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom
stock or similar plan providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a
Swap Agreement.

          “Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall
be its Applicable Percentage of the total Swingline Exposure at such time.

          “Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of
Swingline Loans hereunder.

          “Swingline Loan” means a Loan made pursuant to Section 2.05.

18

 

          “TARGET” means the Trans-European Automated Real-time Gross Settlement Express
Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other
payment system (if any) reasonably determined by the Administrative Agent to be a suitable
replacement) for the settlement of payments in euro.

          “Taxes” means any 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.

          “Transactions” means the execution, delivery and performance by the Borrower of this
Agreement and the other Loan Documents, the borrowing of Loans hereunder, the use of the proceeds
thereof and the issuance of Letters of Credit hereunder.

          “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBO Rate or the Alternate Base Rate.

          “U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30)
of the Code.

          “U.S. Tax Certificate” has the meaning assigned to such term in Section
2.17(f)(ii)(D)(2).

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

          “Withholding Agent” means the Borrower and the Administrative Agent.

          SECTION 1.02. Classification of Loans and Borrowings. For purposes of this
Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or
by Type (e.g., a “Eurocurrency Loan”) or by Class and Type (e.g., a “Eurocurrency
Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a
“Revolving Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing”) or by Class and Type
(e.g., a “Eurocurrency Revolving Borrowing”).

          SECTION 1.03. Terms Generally. 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”. The word
“law” shall be construed as referring to all statutes, rules, regulations, codes and other laws
(including official rulings and interpretations thereunder having the force of law or with which
affected Persons customarily comply), and all judgments, orders and decrees, of all Governmental
Authorities. Unless the context requires otherwise (a) any definition of or reference to any
agreement, instrument or other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, restated, supplemented or otherwise
modified (subject to any restrictions on such amendments, restatements, supplements or
modifications set forth herein), (b) any definition of or reference to any statute, rule or
regulation shall be construed as referring thereto as from time to time amended, supplemented or
otherwise modified (including by succession of comparable successor laws), (c) any reference herein
to any Person shall be construed to include such Person’s successors and assigns (subject to any
restrictions on assignment set forth herein) and, in the case of any
Governmental Authority, any

19

 

other Governmental Authority that shall have succeeded to any or all functions thereof, (d) the
words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer
to this Agreement in its entirety and not to any particular provision hereof, (e) all references
herein to Articles,
Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and
Exhibits and Schedules to, this Agreement and (f) 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.

          SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, (a) for purposes of determining compliance with
any provision of this Agreement, the determination of whether a lease is to be treated as an
operating lease or capital lease shall be made without giving effect to any change in accounting
for leases pursuant to GAAP resulting from the implementation of proposes Accounting Standards
Update (ASU) Leases (Topic 840) issued August 17, 2010, or any successor proposal and (b) if the
Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision
hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the
application thereof on the operation of such provision (or if the Administrative Agent notifies the
Borrower that the Required Lenders request an amendment to any provision hereof for such purpose),
regardless of whether any such notice is given before or after such change in GAAP or in the
application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and
applied immediately before such change shall have become effective until such notice shall have
been withdrawn or such provision amended in accordance herewith. Notwithstanding any other
provision contained herein, all terms of an accounting or financial nature used herein shall be
construed, and all computations of amounts and ratios referred to herein shall be made (i) without
giving effect to any election under Accounting Standards Codification 825-10-25 (or any other
Accounting Standards Codification or Financial Accounting Standard having a similar result or
effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair
value”, as defined therein and (ii) without giving effect to any treatment of Indebtedness in
respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any
other Accounting Standards Codification or Financial Accounting Standard having a similar result or
effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and
such Indebtedness shall at all times be valued at the full stated principal amount thereof.

ARTICLE II

The Credits

          SECTION 2.01. Commitments. Subject to the terms and conditions set forth herein,
each Lender agrees to make Revolving Loans to the Borrower in Agreed Currencies from time to time
during the Availability Period in an aggregate principal amount that will not result in (a) subject
to Sections 2.04 and 2.11(b), the Dollar Amount of such Lender’s Revolving Credit Exposure
exceeding such Lender’s Commitment or (b) subject to Sections 2.04 and 2.11(b), the sum of the
Dollar Amount of the total Revolving Credit Exposures exceeding the Aggregate Commitment. Within
the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may
borrow, prepay and reborrow Revolving Loans.

          SECTION 2.02. Loans and Borrowings. (a) Each Revolving Loan (other than a Swingline
Loan) shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders
ratably in accordance with their respective Commitments. The failure of any Lender to make any
Loan required to be made by it shall not relieve any other Lender of its obligations hereunder;
provided

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that the Commitments of the Lenders are several and no Lender shall be responsible
for any other Lender’s failure to make Loans as required. Any Swingline Loan shall be made in
accordance with the procedures set forth in Section 2.05.

          (b) Subject to Section 2.14, each Revolving Borrowing shall be comprised entirely of ABR Loans
or Eurocurrency Loans as the Borrower may request in accordance herewith; provided that each ABR
Loan shall only be made in Dollars. Each Swingline Loan shall be an ABR Loan. Each Lender at its
option may make any Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of
such Lender to make such Loan (and in the case of an Affiliate, the provisions of Sections 2.14,
2.15, 2.16 and 2.17 shall apply to such Affiliate to the same extent as to such Lender);
provided that any exercise of such option shall not affect (i) the obligation of the
Borrower to repay such Loan in accordance with the terms of this Agreement and (ii) such Lender’s
agreements in Section 2.19(a).

          (c) At the commencement of each Interest Period for any Eurocurrency Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 (or, if such
Borrowing is denominated in a Foreign Currency, 1,000,000 units of such currency) and not less than
$5,000,000 (or, if such Borrowing is denominated in a Foreign Currency 5,000,000 units of such
currency). At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in an
aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000;
provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the
entire unused balance of the Aggregate Commitment or that is required to finance the reimbursement
of an LC Disbursement as contemplated by Section 2.06(e). Each Swingline Loan shall be in an
amount that is an integral multiple of $500,000 and not less than $500,000. Borrowings of more
than one Type and Class may be outstanding at the same time; provided that there shall not
at any time be more than a total of fifteen (15) Eurocurrency Revolving Borrowings outstanding.

          (d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled
to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with
respect thereto would end after the Maturity Date.

          SECTION 2.03. Requests for Revolving Borrowings. To request a Revolving Borrowing,
the Borrower shall notify the Administrative Agent of such request (a) by irrevocable written
notice (via a written Borrowing Request in the form of Exhibit A hereto or such other form as shall
be approved by the Administrative Agent, in any such case, signed by the Borrower), in the case of
a Eurocurrency Borrowing, not later than 11:00 a.m., Local Time, three (3) Business Days (in the
case of a Eurocurrency Borrowing denominated in Dollars) or by irrevocable written notice (via a
written Borrowing Request in the form of Exhibit A hereto or such other form as shall be approved
by the Administrative Agent and, in any such case, signed by the Borrower) not later than four (4)
Business Days (in the case of a Eurocurrency Borrowing denominated in a Foreign Currency), in each
case before the date of the proposed Borrowing or (b) by telephone in the case of an ABR Borrowing,
not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing;
provided that any such notice of an ABR Revolving Borrowing to finance the reimbursement of
an LC Disbursement as contemplated by Section 2.06(e) may be given not later than 10:00 a.m., New
York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request
shall be irrevocable and shall be confirmed promptly by hand delivery, telecopy or “pdf” or similar
email attachment to the Administrative Agent of a written Borrowing Request in the form of Exhibit
A hereto or such other form as shall be approved by the Administrative Agent and, in any such case,
signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the
following information in compliance with Section 2.02:

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     (i) the aggregate amount of the requested Borrowing;

     (ii) the date of such Borrowing, which shall be a Business Day;

     (iii) whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing;

     (iv) in the case of a Eurocurrency Borrowing, the Agreed Currency and initial Interest
Period to be applicable thereto, which shall be a period contemplated by the definition of
the term “Interest Period”; and

     (v) the location and number of the Borrower’s account to which funds are to be
disbursed, which shall comply with the requirements of Section 2.07.

If no election as to the Type of Revolving Borrowing is specified, then, in the case of a Borrowing
denominated in Dollars, the requested Revolving Borrowing shall be an ABR Borrowing. If no
Interest Period is specified with respect to any requested Eurocurrency Revolving Borrowing, then
the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly
following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent
shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made
as part of the requested Borrowing.

          SECTION 2.04. Determination of Dollar Amounts. The Administrative Agent will
determine the Dollar Amount of:

          (a) each Eurocurrency Borrowing as of the date two (2) Business Days prior to the date of such
Borrowing or, if applicable, the date of conversion/continuation of any Borrowing as a Eurocurrency
Borrowing,

          (b) the LC Exposure as of the date of each request for the issuance, amendment, renewal or
extension of any Letter of Credit, and

          (c) all outstanding Credit Amounts on and as of the last Business Day of each calendar quarter
and, during the continuation of an Event of Default, on any other Business Day elected by the
Administrative Agent in its discretion or upon instruction by the Required Lenders.

Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the
preceding clauses (a), (b) and (c) is herein described as a “Computation Date” with respect to each
Credit Amount for which a Dollar Amount is determined on or as of such day.

          SECTION 2.05. Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans in Dollars to the Borrower from time to
time during the Availability Period, in an aggregate principal amount at any time outstanding that
will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding
$50,000,000 or (ii) the Dollar Amount of the total Revolving Credit Exposures exceeding the
Aggregate Commitment; provided that the Swingline Lender shall not be required to make a
Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject
to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow
Swingline Loans.

          (b) To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such
request by telephone (confirmed by telecopy or “pdf” or similar email attachment), not later than

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2:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be
irrevocable and shall specify the requested date (which shall be a Business Day) and amount of the
requested Swingline Loan. The Administrative Agent will promptly advise the Swingline Lender of
any such notice received from the Borrower. The Swingline Lender shall make each Swingline Loan
available to the Borrower by means of a credit to the general deposit account of the Borrower with
the Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an
LC
Disbursement as provided in Section 2.06(e), by remittance to the applicable Issuing Bank) by
3:00 p.m., New York City time, on the requested date of such Swingline Loan.

          (c) The Swingline Lender may by written notice given to the Administrative Agent not later
than 10:00 a.m., New York City time, on any Business Day require the Lenders to acquire
participations on such Business Day in all or a portion of the Swingline Loans outstanding. Such
notice shall specify the aggregate amount of Swingline Loans in which Lenders will participate.
Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each
Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or
Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as
provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such
Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Lender acknowledges and
agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph
is absolute and unconditional and shall not be affected by any circumstance whatsoever, including
the occurrence and continuance of a Default or reduction or termination of the Commitments, and
that each such payment shall be made without any offset, abatement, withholding or reduction
whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.07 with respect to Loans
made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment
obligations of the Lenders), and the Administrative Agent shall promptly pay to the Swingline
Lender the amounts so received by it from the Lenders. The Administrative Agent shall notify the
Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and
thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and
not to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or
other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the
Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to
the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly
remitted by the Administrative Agent to the Lenders that shall have made their payments pursuant to
this paragraph and to the Swingline Lender, as their interests may appear; provided that
any such payment so remitted shall be repaid to the Swingline Lender or to the Administrative
Agent, as applicable, if and to the extent such payment is required to be refunded to the Borrower
for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph
shall not relieve the Borrower of any default in the payment thereof.

          SECTION 2.06. Letters of Credit. (a) General.

     (i) Subject to the terms and conditions set forth herein, the Borrower may request the
issuance of Letters of Credit denominated in Agreed Currencies for its own account or for
the account of any Subsidiary, in a form reasonably acceptable to the relevant Issuing Bank,
at any time and from time to time during the Availability Period. In the event of any
inconsistency between the terms and conditions of this Agreement and the terms and
conditions of any form of letter of credit application or other agreement submitted by the
Borrower to, or entered into by the Borrower with, the relevant Issuing Bank relating to any
Letter of Credit, the terms and conditions of this Agreement shall control.

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     (ii) Subject to the satisfaction, on the applicable Deemed Issuance Date, of the
conditions to the issuance of a Letter of Credit set forth herein (including, without
limitation, Section 4.02 and the last sentence of Section 2.06(b) but excluding any
requirement that a notice of issuance have been provided pursuant to Section 2.06(b)), on
the Deemed Issuance Date for each Existing Wells Letter of Credit, such Existing Wells
Letter of Credit shall, unless such Existing Wells Letter of Credit shall have previously
expired or been terminated, become a Letter of Credit hereunder and shall be deemed to have
been issued on such Deemed Issuance Date. Upon any such Existing Wells Letter of Credit so
becoming a Letter of Credit hereunder, Wells Fargo Bank,
National Association, as Issuing Bank in respect of such Letter of Credit, will provide
notice thereof to the Administrative Agent, including the amount of such Letter of Credit
and the then applicable expiry date thereof.

          (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter
of Credit), the Borrower shall hand deliver, telecopy or deliver by “pdf” or similar email
attachment to an Issuing Bank and the Administrative Agent (reasonably in advance of the requested
date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of
Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the
date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on
which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section),
the amount of such Letter of Credit, the Agreed Currency applicable thereto, the name and address
of the beneficiary thereof and such other information as shall be necessary to prepare, amend,
renew or extend such Letter of Credit. If requested by an Issuing Bank, the Borrower also shall
submit a letter of credit application on such Issuing Bank’s standard form in connection with any
request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended
only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower
shall be deemed to represent and warrant that), after giving effect to such issuance, amendment,
renewal or extension (i) subject to Sections 2.04 and 2.11(b), the Dollar Amount of the LC Exposure
shall not exceed $100,000,000 and (ii) subject to Sections 2.04 and 2.11(b), the sum of the Dollar
Amount of the total Revolving Credit Exposures shall not exceed the Aggregate Commitment.

          (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the earlier of (i) the date one year after the date of the issuance of such Letter of
Credit (or, in the case of any renewal or extension thereof, one year after such renewal or
extension) and (ii) the date that is five (5) Business Days prior to the Maturity Date;
provided, that a Letter of Credit may expire up to one year beyond the Maturity Date so
long as the Borrower cash collateralizes 102% of the face amount of such Letter of Credit in the
currency of such Letter of Credit by no later than sixty (60) days prior to the Maturity Date
pursuant to cash collateral arrangements reasonably satisfactory to the Administrative Agent and
the Issuing Bank.

          (d) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of any
Issuing Bank or the Lenders, each Issuing Bank hereby grants to each Lender, and each Lender hereby
acquires from each Issuing Bank, a participation in such Letter of Credit equal to such Lender’s
Applicable Percentage of the aggregate Dollar Amount available to be drawn under such Letter of
Credit. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and
unconditionally agrees to pay to the Administrative Agent, for the account of the relevant Issuing
Bank, such Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank and not
reimbursed by the Borrower on the date due as provided in paragraph (e) of this Section, or of any
reimbursement payment required to be refunded to the Borrower for any reason. Each Lender
acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in
respect of Letters of Credit is absolute and

24

 

unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or
the occurrence and continuance of a Default or reduction or termination of the Commitments, and
that each such payment shall be made without any offset, abatement, withholding or reduction
whatsoever.

          (e) Reimbursement. If any Issuing Bank shall make any LC Disbursement in respect of a
Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative
Agent in Dollars the Dollar Amount equal to such LC Disbursement, calculated as of the date such
Issuing Bank made such LC Disbursement not later than 12:00 noon, New York City Time, on the date
that such LC Disbursement is made, if such date is a Business Day and the Borrower shall have
received notice of such LC Disbursement prior to 10:00 a.m., New York City Time, on such date, or,
if such notice has not been received by the Borrower prior to such time on such date or if such
date is not a Business Day, then not later than 12:00 noon, New York City Time, on the Business Day
immediately following the day that the Borrower receives such notice, if such notice is not
received prior to such time on the day of receipt; provided that the Borrower may, subject
to the conditions to borrowing set forth herein (other than the minimum amounts and multiple
amounts set forth in Section 2.02(c)) request in accordance with Section 2.03 or 2.05 that such
payment be financed with an ABR Revolving Borrowing or Swingline Loan in an equivalent Dollar
Amount of such LC Disbursement and, to the extent so financed, the Borrower’s obligation to make
such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline
Loan. If the Borrower fails to make such payment when due, the Administrative Agent shall notify
each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect
thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such
notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment
then due from the Borrower, in the same manner as provided in Section 2.07 with respect to Loans
made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment
obligations of the Lenders), and the Administrative Agent shall promptly pay to the relevant
Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the
Administrative Agent of any payment from the Borrower pursuant to this paragraph, the
Administrative Agent shall distribute such payment to the relevant Issuing Bank or, to the extent
that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to
such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender
pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the
funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a
Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. If
the Borrower’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency
would subject the Administrative Agent, any Issuing Bank or any Lender to any stamp duty, ad
valorem charge or similar tax that would not be payable if such reimbursement were made or required
to be made in Dollars, the Borrower shall, at its option, either (x) pay the amount of any such tax
requested by the Administrative Agent, the relevant Issuing Bank or the relevant Lender or (y)
reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount equal to the
Equivalent Amount, calculated using the applicable Exchange Rates, on the date such LC Disbursement
is made, of such LC Disbursement.

          (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as
provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and
shall be performed strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any
Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other
document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by an
Issuing Bank under a Letter of Credit against presentation of a draft or other document that does
not comply with the terms of such Letter of Credit, or (iv) any other

25

 

event or circumstance
whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of
this Section, constitute a legal or equitable discharge of, or provide a right of setoff against,
the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor any
Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by
reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or
failure to make any payment thereunder (irrespective of any of the circumstances referred to in the
preceding sentence), or any error, omission, interruption, loss or delay in transmission or
delivery of any draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in interpretation of
technical terms or any consequence arising from causes beyond the control of the relevant Issuing
Bank; provided that the foregoing shall not be construed to
excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as
opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to
the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing
Bank’s failure to exercise care when determining whether drafts and other documents presented under
a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the
absence of gross negligence or willful misconduct on the part of any Issuing Bank (as finally
determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have
exercised care in each such determination. In furtherance of the foregoing and without limiting
the generality thereof, the parties agree that, with respect to documents presented which appear on
their face to be in substantial compliance with the terms of a Letter of Credit, each Issuing Bank
may, in its sole discretion, either accept and make payment upon such documents without
responsibility for further investigation, regardless of any notice or information to the contrary,
or refuse to accept and make payment upon such documents if such documents are not in strict
compliance with the terms of such Letter of Credit.

          (g) Disbursement Procedures. Each Issuing Bank shall, promptly following its receipt
thereof, examine all documents purporting to represent a demand for payment under a Letter of
Credit. Each Issuing Bank shall promptly notify the Administrative Agent and the Borrower by
telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank has made
or will make an LC Disbursement thereunder; provided that any failure to give or delay in
giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank
and the Lenders with respect to any such LC Disbursement.

          (h) Interim Interest. If any Issuing Bank shall make any LC Disbursement, then,
unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement
is made, the unpaid amount thereof shall bear interest, for each day from and including the date
such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC
Disbursement, at the rate per annum then applicable to ABR Revolving Loans (or in the case such LC
Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such
Agreed Currency plus the then effective Applicable Rate with respect to Eurocurrency
Revolving Loans); provided that, if the Borrower fails to reimburse such LC Disbursement
when due pursuant to paragraph (e) of this Section, then Section 2.13(c) shall apply. Interest
accrued pursuant to this paragraph shall be for the account of such Issuing Bank, except that
interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this
Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of
such payment.

          (i) Replacement of an Issuing Bank. Any Issuing Bank may be replaced at any time by
written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the
successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement
of an Issuing Bank. At the time any such replacement shall become effective, the Borrower shall
pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section
2.12(b)(ii). From

26

 

and after the effective date of any such replacement, (i) the successor Issuing
Bank shall have all the rights and obligations of an Issuing Bank under this Agreement with respect
to Letters of Credit to be issued by it thereafter and (ii) references herein to the term “Issuing
Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such
successor and all previous Issuing Banks, as the context shall require. After the replacement of
an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue
to have all the rights and obligations of an Issuing Bank under this Agreement with respect to
Letters of Credit then outstanding and issued by it prior to such replacement, but shall not be
required to issue additional Letters of Credit.

          (j) Cash Collateralization. If any Event of Default shall occur and be continuing, on
the Business Day that the Borrower receives notice from the Administrative Agent or the Required
Lenders
(or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing
greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to
this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name
of the Administrative Agent and for the benefit of the Lenders (the “LC Collateral
Account”), an amount in cash equal to 102% of the amount of the LC Exposure as of such date in
the currency of such LC Exposure; provided that (i) the portions of such amount
attributable to undrawn Foreign Currency Letters of Credit or LC Disbursements in a Foreign
Currency that the Borrower is not late in reimbursing shall be deposited in the applicable Foreign
Currencies in the actual amounts of such undrawn Letters of Credit and LC Disbursements and (ii)
the obligation to deposit such cash collateral shall become effective immediately, and such deposit
shall become immediately due and payable, without demand or other notice of any kind, upon the
occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of
Article VII. The Borrower also shall deposit cash collateral pursuant to this paragraph as and to
the extent required by Section 2.11(b). Such deposit shall be held by the Administrative Agent as
collateral for the payment and performance of the Obligations. The Administrative Agent shall have
exclusive dominion and control, including the exclusive right of withdrawal, over such account.
Other than any interest earned on the investment of such deposits, which investments shall be made
at the option and sole discretion of the Administrative Agent and at the Borrower’s risk and
expense, such deposits shall not bear interest. Interest or profits, if any, on such investments
shall accumulate in such account. Moneys in such account shall be applied by the Administrative
Agent to reimburse the relevant Issuing Bank for LC Disbursements for which it has not been
reimbursed and, to the extent not so applied, shall be held for the satisfaction of the
reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of
the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure
representing greater than 50% of the total LC Exposure), be applied to satisfy other Obligations.
If the Borrower is required to provide an amount of cash collateral hereunder as a result of the
occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be
returned to the Borrower within three (3) Business Days after all Events of Default have been cured
or waived.

          (k) Issuing Bank Agreements. Each Issuing Bank agrees that, unless otherwise
requested by the Administrative Agent, such Issuing Bank shall report in writing to the
Administrative Agent (i) on the first Business Day of each week, to the extent that there was any
activity in respect of Letters of Credit during the immediately preceding week, such daily activity
(set forth by day), including all issuances, extensions, amendments and renewals, all expirations
and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day
on which such Issuing Bank expects to issue, amend, renew or extend any Letter of Credit, the date
of such issuance, amendment, renewal or extension, and the aggregate face amount of the Letters of
Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such
issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it
being understood that such Issuing Bank shall not permit any issuance, renewal, extension or
amendment resulting in an increase in the amount of any Letter of Credit

27

 

to occur without first
obtaining written confirmation from the Administrative Agent that it is then permitted under this
Agreement, (iii) on each Business Day on which such Issuing Bank makes any LC Disbursement, the
date of such LC Disbursement and the amount of such LC Disbursement, (iv) on any Business Day on
which the Borrower fails to reimburse an LC Disbursement required to be reimbursed to such Issuing
Bank on such day, the date of such failure and the amount and currency of such LC Disbursement and
(v) on any other Business Day, such other information as the Administrative Agent shall reasonably
request.

          SECTION 2.07. Funding of Borrowings. (a) Each Lender shall make each Loan to be made
by it hereunder on the proposed date thereof by wire transfer of immediately available funds (i) in
the case of Loans denominated in Dollars, by 12:00 noon, New York City time, to the account of the
Administrative Agent most recently designated by it for such purpose by notice to the Lenders and
(ii) in
the case of each Loan denominated in a Foreign Currency, by 12:00 noon, Local Time, in the
city of the Administrative Agent’s Eurocurrency Payment Office for such Foreign Currency and at
such Eurocurrency Payment Office for such currency; provided that Swingline Loans shall be
made as provided in Section 2.05. The Administrative Agent will make such Loans available to the
Borrower by promptly crediting the amounts so received, in like funds, to (x) an account of the
Borrower maintained with the Administrative Agent in New York City or Chicago and designated by the
Borrower in the applicable Borrowing Request, in the case of Loans denominated in Dollars and (y)
an account of the Borrower in the relevant jurisdiction and designated by the Borrower in the
applicable Borrowing Request, in the case of Loans denominated in a Foreign Currency;
provided that ABR Revolving Loans made to finance the reimbursement of an LC Disbursement
as provided in Section 2.06(e) shall be remitted by the Administrative Agent to the relevant
Issuing Bank.

          (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has
made such share available on such date in accordance with paragraph (a) of this Section and may, in
reliance upon such assumption, make available to the Borrower a corresponding amount. 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 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 (i) in the case of such Lender, the greater of the
Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation (including without limitation the Overnight
Foreign Currency Rate in the case of Loans denominated in a Foreign Currency) or (ii) in the case
of the Borrower, the interest rate applicable to the other Loans included in such Borrowing. If
such Lender pays such amount to the Administrative Agent, then such amount shall constitute such
Lender’s Loan included in such Borrowing.

          SECTION 2.08. Interest Elections. (a) Each Revolving Borrowing initially shall be of
the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Revolving
Borrowing, shall have an initial Interest Period as specified in such Borrowing Request.
Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue
such Borrowing and, in the case of a Eurocurrency Revolving Borrowing, may elect Interest Periods
therefor, all as provided in this Section. The Borrower may elect different options with respect
to different portions of the affected Borrowing, in which case each such portion shall be allocated
ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising
each such portion shall be considered a separate Borrowing. This Section shall not apply to
Swingline Borrowings, which may not be converted or continued.

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          (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative
Agent of such election (by telephone or irrevocable written notice (via an Interest Election
Request in the form of Exhibit B hereto or such other form as shall be approved by the
Administrative Agent and, in each case, signed by the Borrower) in the case of a Borrowing
denominated in Dollars or by irrevocable written notice (via an Interest Election Request in the
form of Exhibit B hereto or such other form as shall be approved by the Administrative
Agent and, in each case, signed by the Borrower) in the case of a Borrowing denominated in a
Foreign Currency) by the time that a Borrowing Request would be required under Section 2.03 if the
Borrower were requesting a Revolving Borrowing of the Type resulting from such election to be made
on the effective date of such election. Each such telephonic Interest Election Request shall be
irrevocable and shall be confirmed promptly by hand delivery, telecopy or delivery by “pdf” or
similar email attachment to the Administrative Agent of a written Interest Election Request in the
form of Exhibit B hereto or such other form as shall be approved by the Administrative
Agent and, in each case, signed by the Borrower. Notwithstanding any contrary provision
herein, this Section shall not be construed to permit the Borrower to (i) change the currency of
any Borrowing, (ii) elect an Interest Period for Eurocurrency Loans that does not comply with
Section 2.02(d) or (iii) convert any Borrowing to a Borrowing of a Type not available under such
Borrowing.

          (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02:

     (i) the Borrowing to which such Interest Election Request applies and, if different
options are being elected with respect to different portions thereof, the portions thereof
to be allocated to each resulting Borrowing (in which case the information to be specified
pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);

     (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

     (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency
Borrowing; and

     (iv) if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period and
Agreed Currency to be applicable thereto after giving effect to such election, which
Interest Period shall be a period contemplated by the definition of the term “Interest
Period”.

If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an
Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one
month’s duration.

          (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall
advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

          (e) If the Borrower fails to deliver a timely Interest Election Request with respect to a
Eurocurrency Revolving Borrowing prior to the end of the Interest Period applicable thereto, then,
unless such Borrowing is repaid as provided herein, at the end of such Interest Period (i) in the
case of a Borrowing denominated in Dollars, such Borrowing shall be converted to an ABR Borrowing
and (ii) in the case of a Borrowing denominated in a Foreign Currency in respect of which the
Borrower shall have failed to deliver an Interest Election Request prior to the third
(3rd) Business Day preceding the end of such Interest Period, such Borrowing shall
automatically continue as a Eurocurrency Borrowing in the same Agreed Currency with an Interest
Period of one month unless such Eurocurrency Borrowing is or was repaid in accordance with Section
2.11. Notwithstanding any contrary provision hereof, if an Event

29

 

of Default has occurred and is
continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the
Borrower, then, so long as an Event of Default is continuing (i) no outstanding Revolving Borrowing
denominated in Dollars may be converted to or continued as a Eurocurrency Borrowing and (ii) unless
repaid, each Eurocurrency Revolving Borrowing denominated in Dollars shall be converted to an ABR
Borrowing at the end of the Interest Period applicable thereto.

          SECTION 2.09. Termination and Reduction of Commitments. (a) Unless previously
terminated, the Commitments shall terminate on the Maturity Date.

          (b) The Borrower may at any time terminate, or from time to time reduce, the Commitments;
provided that (i) each reduction of the Commitments shall be in an amount that is an
integral multiple of $5,000,000 and not less than $5,000,000 and (ii) the Borrower shall not
terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the
Loans in accordance
with Section 2.11, the Dollar Amount of the sum of the Revolving Credit Exposures would exceed
the Aggregate Commitment.

          (c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce
the Commitments under paragraph (b) of this Section at least three (3) Business Days prior to the
effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the
Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section
shall be irrevocable; provided that a notice of termination of the Commitments delivered by
the Borrower may state that such notice is conditioned upon the effectiveness of other credit
facilities or other transactions, in which case such notice may be revoked by the Borrower (by
notice to the Administrative Agent on or prior to the specified effective date) if such condition
is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each
reduction of the Commitments shall be made ratably among the Lenders in accordance with their
respective Commitments.

          SECTION 2.10. Repayment of Loans; Evidence of Debt. (a) The Borrower hereby
unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the
then unpaid principal amount of each Revolving Loan on the Maturity Date in the currency of such
Loan and (ii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on
the earlier of the Maturity Date and the first date after such Swingline Loan is made that is the
15th or last day of a calendar month and is at least three (3) Business Days after such Swingline
Loan is made.

          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such
Lender, including the amounts of principal and interest payable and paid to such Lender from time
to time hereunder.

          (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Class, Agreed Currency and Type thereof and the Interest Period
applicable thereto, (ii) the amount of any principal or interest due and payable or to become due
and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by
the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.

          (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence of the existence and amounts of the
obligations recorded therein; provided that the failure of any Lender or the Administrative
Agent to maintain such accounts or any

30

 

error therein shall not in any manner affect the obligation
of the Borrower to repay the Loans in accordance with the terms of this Agreement.

          (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such
event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to
the order of such Lender (or, if requested by such Lender, to such Lender and its registered
assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by
such promissory note and interest thereon shall at all times (including after assignment pursuant
to Section 9.04) be represented by one or more promissory notes in such form payable to the order
of the payee named therein (or, if such promissory note is a registered note, to such payee and its
registered assigns).

          SECTION 2.11. Prepayment of Loans.

          (a) The Borrower shall have the right at any time and from time to time to prepay any
Borrowing in whole or in part, subject to prior notice in accordance with the provisions of this
Section
2.11(a). The Borrower shall notify the Administrative Agent (and, in the case of prepayment
of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy or “pdf” or similar
email attachment) of any prepayment hereunder (i) in the case of prepayment of a Eurocurrency
Revolving Borrowing, not later than 12:00 noon, Local Time, three (3) Business Days (in the case of
a Eurocurrency Borrowing denominated in Dollars) or four (4) Business Days (in the case of a
Eurocurrency Borrowing denominated in a Foreign Currency), in each case before the date of
prepayment, (ii) in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00
a.m., New York City time, on the date of prepayment or (iii) in the case of prepayment of a
Swingline Loan, not later than 12:00 noon, New York City time, on the date of prepayment. Each
such notice shall be irrevocable and shall specify the prepayment date and the principal amount of
each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment
is given in connection with a conditional notice of termination of the Commitments as contemplated
by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is
revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to
a Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof.
Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in
the case of an advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each
prepayment of a Revolving Borrowing shall be applied ratably to the Loans included in the prepaid
Borrowing. Prepayments shall be accompanied by (i) accrued interest to the extent required by
Section 2.13 and (ii) break funding payments pursuant to Section 2.16.

          (b) If at any time, (i) other than as a result of fluctuations in currency exchange rates, the
sum of the aggregate principal Dollar Amount of all of the Revolving Credit Exposures (calculated,
with respect to those Credit Amounts denominated in Foreign Currencies, as of the most recent
Computation Date with respect to each such Credit Amount) exceeds the Aggregate Commitment or (ii)
as a result of fluctuations in currency exchange rates, the sum of the aggregate principal Dollar
Amount of all of the Revolving Credit Exposures (so calculated) exceeds 105% of the Aggregate
Commitment, the Borrower shall in each case immediately repay Borrowings or cash collateralize LC
Exposure pursuant to Section 2.06(j), as applicable, in an aggregate principal amount sufficient to
cause the aggregate Dollar Amount of all Revolving Credit Exposures (so calculated) to be less than
or equal to the Aggregate Commitment.

          SECTION 2.12. Fees. (a) The Borrower agrees to pay to the Administrative Agent for
the account of each Lender a facility fee, which shall accrue at the Applicable Rate on the daily
amount of the Commitment of such Lender (whether used or unused) during the period from and
including the Effective Date to but excluding the date on which such Commitment terminates;
provided that, if such

31

 

Lender continues to have any Revolving Credit Exposure after its
Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such
Lender’s Revolving Credit Exposure from and including the date on which its Commitment terminates
to but excluding the date on which such Lender ceases to have any Revolving Credit Exposure.
Accrued facility fees shall be payable in arrears on the last day of March, June, September and
December of each year and on the date on which the Commitments terminate, commencing on the first
such date to occur after the date hereof; provided that any facility fees accruing after
the date on which the Commitments terminate shall be payable on demand. All facility fees shall be
computed on the basis of a year of 360 days and shall be payable for the actual number of days
elapsed (including the first day but excluding the last day).

          (b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender
a participation fee with respect to its participations in Letters of Credit, which shall accrue at
the same Applicable Rate used to determine the interest rate applicable to Eurocurrency Revolving
Loans on the average daily Dollar Amount of such Lender’s LC Exposure (excluding any portion
thereof attributable to unreimbursed LC Disbursements) during the period from and including the
Effective Date to but excluding the later of the date on which such Lender’s Commitment terminates
and the date on which such Lender ceases to have any LC Exposure and (ii) to the relevant Issuing
Bank for its own
account a fronting fee, which shall accrue at the rate of 0.125% per annum on the average
daily Dollar Amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed
LC Disbursements) attributable to Letters of Credit issued by such Issuing Bank during the period
from and including the Effective Date to but excluding the later of the date of termination of the
Commitments and the date on which there ceases to be any LC Exposure, as well as such Issuing
Bank’s standard fees and commissions with respect to the issuance, amendment, cancellation,
negotiation, transfer, presentment, renewal or extension of any Letter of Credit or processing of
drawings thereunder. Unless otherwise specified above, participation fees and fronting fees
accrued through and including the last day of March, June, September and December of each year
shall be payable on the third (3rd) Business Day following such last day, commencing on
the first such date to occur after the Effective Date; provided that all such fees shall be
payable on the date on which the Commitments terminate and any such fees accruing after the date on
which the Commitments terminate shall be payable on demand. Any other fees payable to any Issuing
Bank pursuant to this paragraph shall be payable within ten (10) days after demand. All
participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall
be payable for the actual number of days elapsed (including the first day but excluding the last
day).

          (c) The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable
in the amounts and at the times separately agreed upon between the Borrower and the Administrative
Agent.

          (d) All fees payable hereunder shall be paid on the dates due, in Dollars (except as otherwise
expressly provided in this Section 2.12) and immediately available funds, to the Administrative
Agent (or to the relevant Issuing Bank, in the case of fees payable to it) for distribution, in the
case of facility fees and participation fees, to the Lenders. Fees paid shall not be refundable
under any circumstances.

          SECTION 2.13. Interest. (a) The Loans comprising each ABR Borrowing (including each
Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable Rate.

          (b) The Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO
Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

32

 

          (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity,
upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus
the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section
or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as provided in
paragraph (a) of this Section (or if such amount is denominated in a Foreign Currency, at the
Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable
Rate with respect to Eurocurrency Revolving Loans).

          (d) Accrued interest on each Revolving Loan shall be payable in arrears on each Interest
Payment Date for such Revolving Loan and upon termination of the Commitments; provided that
(i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in
the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving
Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid
or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of
any conversion of any Eurocurrency Revolving Loan prior to the end of the current Interest Period
therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.
All interest shall be payable in the currency in which the applicable Loan is denominated.

          (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest (i) computed by reference to the Alternate Base Rate at times when the Alternate Base Rate
is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a
leap year) and (ii) for Borrowings denominated in Pounds Sterling shall be computed on the basis of
a year of 365 days, and in each case shall be payable for the actual number of days elapsed
(including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted
LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination
shall be conclusive absent manifest error.

          SECTION 2.14. Alternate Rate of Interest. If prior to the commencement of any
Interest Period for a Eurocurrency Borrowing:

     (a) the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for ascertaining the
Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or

     (b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO
Rate or the LIBO Rate, as applicable, for such Interest Period will not adequately and
fairly reflect the cost to such Lenders of making or maintaining their Loans included in
such Borrowing for such Interest Period;

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by
telephone, telecopy or “pdf” or similar email attachment as promptly as practicable thereafter and,
until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving
rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion
of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurocurrency
Borrowing shall be ineffective and any such Eurocurrency Borrowing shall be repaid on the last day
of the then current Interest Period applicable thereto, and (ii) if any Borrowing Request requests
a Eurocurrency Revolving Borrowing in Dollars, such Borrowing shall be made as an ABR Borrowing
(and if any Borrowing Request requests a Eurocurrency Revolving Borrowing denominated in a Foreign
Currency, such

33

 

Borrowing Request shall be ineffective); provided that if the circumstances
giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings
shall be permitted.

     SECTION 2.15. Increased Costs. (a) 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 by, any Lender (except any such reserve requirement reflected in the
Adjusted LIBO Rate) or any Issuing Bank;

     (ii) impose on any Lender or any Issuing Bank or the London interbank market any other
condition, cost or expense (other than Taxes) affecting this Agreement or Eurocurrency Loans
made by such Lender or any Letter of Credit or participation therein; or

     (iii) subject any Recipient to any Taxes on its loans, loan principal, letters of
credit, commitments, or other obligations, or its deposits, reserves, other liabilities or
capital attributable thereto (other than (A) Indemnified Taxes and (B) Excluded Taxes);

and the result of any of the foregoing shall be to increase the cost to such Person of making or
maintaining any Loan or of maintaining its obligation to make any such Loan (including, without
limitation, pursuant to any conversion of any Borrowing denominated in an Agreed Currency into a
Borrowing denominated in any other Agreed Currency) or to increase the cost to such Person of
participating in, issuing or maintaining any Letter of Credit (including, without limitation,
pursuant to any conversion of any Borrowing denominated in an Agreed Currency into a Borrowing
denominated in any other Agreed Currency) or to reduce the amount of any sum received or receivable
by such Person hereunder, whether of principal, interest or otherwise (including, without
limitation, pursuant to any conversion of any Borrowing denominated in an Agreed Currency into a
Borrowing denominated in any other Agreed Currency), then the Borrower will pay to such Person, as
the case may be, such additional amount or amounts as will compensate such Person, as the case may
be, for such additional costs incurred or reduction suffered as reasonably determined by such
Lender or Issuing Bank (which determination shall be made in good faith (and not on an arbitrary or
capricious basis) and consistent with similarly situated customers of the applicable Lender or
Issuing Bank under agreements having provisions similar to this Section 2.15 after consideration of
such factors as such Lender or Issuing Bank then reasonably determines to be relevant).

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

          (c) A certificate of a Lender or an Issuing Bank setting forth in reasonable detail (including
the cause for its determination) the amount or amounts determined by such Lender or Issuing Bank in
good faith necessary to compensate such Lender or such Issuing Bank or its holding company, as

34

 

the
case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the
Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender or such
Issuing Bank, as the case may be, the amount shown as due on any such certificate within fifteen
(15) days after receipt thereof.

          (d) Failure or delay on the part of any Lender or any Issuing Bank to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or such Issuing Bank’s
right to demand such compensation; provided that the Borrower shall not be required to
compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or
reductions incurred more than 180 days prior to the date that such Lender or such Issuing Bank, 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 such Issuing Bank’s intention to claim compensation therefor;
provided further that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the 180-day period referred to above shall be extended to include
the period of retroactive effect thereof.

          SECTION 2.16. Break Funding Payments. In the event of (a) the payment of any
principal of any Eurocurrency Loan other than on the last day of an Interest Period applicable
thereto (including as a result of an Event of Default or as a result of any prepayment pursuant to
Section 2.11), (b) the conversion of any Eurocurrency Loan other than on the last day of the
Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any
Eurocurrency Loan on the date specified in any notice delivered pursuant hereto (regardless of
whether such notice may be revoked under Section 2.11(a) and is revoked in accordance therewith) or
(d) the assignment of any Eurocurrency
Loan other than on the last day of the Interest Period applicable thereto as a result of a
request by the Borrower pursuant to Section 2.19, then, in any such event, the Borrower shall
compensate each Lender for the loss, cost and expense attributable to such event. Such loss, cost
or expense to any Lender shall be deemed to include an amount determined by such Lender to be the
excess, if any, of (i) the amount of interest which would have accrued on the principal amount of
such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to
such Loan, for the period from the date of such event to the last day of the then current Interest
Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that
would have been the Interest Period for such Loan), over (ii) the amount of interest which would
accrue on such principal amount for such period at the interest rate which such Lender would bid
were it to bid, at the commencement of such period, for deposits in the relevant currency of a
comparable amount and period from other banks in the eurocurrency market. A certificate of any
Lender setting forth in reasonable detail any amount or amounts that such Lender is entitled to
receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent
manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate
within fifteen (15) days after receipt thereof.

          SECTION 2.17. Taxes. (a) Withholding of Taxes; Gross-Up. Each payment by
the Borrower under any Loan Document shall be made without withholding for any Taxes, unless such
withholding is required by any law. If any Withholding Agent determines, in its sole discretion
exercised in good faith, that it is so required to withhold Taxes, then such Withholding Agent may
so withhold and shall timely pay the full amount of withheld Taxes to the relevant Governmental
Authority in accordance with applicable law. If such Taxes are Indemnified Taxes, then the amount
payable by the Borrower shall be increased as necessary so that, net of such withholding (including
such withholding applicable to additional amounts payable under this Section), the applicable
Recipient receives the amount it would have received had no such withholding been made. After the
Withholding Agent learns of, or determines that there are, Taxes that are required to be withheld,
the Withholding Agent will promptly notify the Borrower of its obligations hereunder.

35

 

          (b) Payment of Other Taxes by the Borrower. The Borrower shall timely pay any
Other Taxes to the relevant Governmental Authority in accordance with applicable law.

          (c) Evidence of Payments. As soon as practicable after any payment of Indemnified
Taxes by the Borrower to a Governmental Authority, the Borrower 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.

          (d) Indemnification by the Borrower. The Borrower shall indemnify each Recipient for
any Indemnified Taxes that are paid or payable by such Recipient in connection with any Loan
Document (including amounts paid or payable under this Section 2.17(d)) and any reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. The indemnity under this
Section 2.17(d) shall be paid within fifteen (15) days after the Recipient delivers to the Borrower
a certificate setting forth in reasonable detail the amount of any Indemnified Taxes so paid or
payable by such Recipient and describing the basis for the indemnification claim. Such certificate
shall be conclusive of the amount so paid or payable absent manifest error. Such Recipient shall
deliver a copy of such certificate to the Administrative Agent.

          (e) Indemnification by the Lenders. Each Lender shall severally indemnify the
Administrative Agent for any Taxes (but, in the case of any Indemnified Taxes, only to the extent
that the Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes
and without limiting the obligation of the Borrower to do so) attributable to such Lender that are
paid or payable by the Administrative Agent or the Borrower (as applicable) in connection with any
Loan Document and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.
The indemnity under this Section 2.17(e) shall be paid within fifteen (15) days after the
Administrative Agent delivers to the applicable Lender a certificate stating the amount of Taxes so
paid or payable by the Administrative Agent. Such certificate shall be conclusive of the amount so
paid or payable absent manifest error.

          (f) Status of Lenders. (i) Any Lender that is entitled to an exemption from, or
reduction of, any applicable Tax with respect to any payments under any Loan Document shall deliver
to the Borrower and the Administrative Agent, at the time or times reasonably requested by the
Borrower or the Administrative Agent, such properly completed and executed documentation reasonably
requested by the Borrower or the Administrative Agent as will permit such payments to be made
without, or at a reduced rate of, withholding. In addition, any Lender, if requested by the
Borrower or the Administrative Agent, shall deliver such other documentation prescribed by law or
reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the
Administrative Agent to determine whether or not such Lender is subject to any withholding
(including backup withholding) or information reporting requirements. Upon the reasonable request
of the Borrower or the Administrative Agent, any Lender shall update any form or certification
previously delivered pursuant to this Section 2.17(f). If any form or certification previously
delivered pursuant to this Section expires or becomes obsolete or inaccurate in any respect with
respect to a Lender, such Lender shall promptly (and in any event within fifteen (15) days after
such expiration, obsolescence or inaccuracy) notify the Borrower and the Administrative Agent in
writing of such expiration, obsolescence or inaccuracy and update the form or certification if it
is legally eligible to do so.

     (ii) Without limiting the generality of the foregoing, any Lender shall, if it is
legally eligible to do so, deliver to the Borrower and the Administrative Agent (in such
number of copies

36

 

reasonably requested by the Borrower and the Administrative Agent) on or
prior to the date on which such Lender becomes a party hereto (and from time to time thereafter upon the
reasonable request of the Borrower or the Administrative Agent), duly completed and executed
copies of whichever of the following is applicable:

     (A) in the case of a Lender that is a U.S. Person, IRS Form W-9 certifying that
such Lender is exempt from U.S. Federal backup withholding tax;

     (B) in the case of a Non-U.S. Lender claiming the benefits of an income tax
treaty to which the United States is a party (1) with respect to payments of
interest under any Loan Document, IRS Form W-8BEN establishing an exemption from, or
reduction of, U.S. Federal withholding Tax pursuant to the “interest” article of
such tax treaty and (2) with respect to any other applicable payments under any Loan
Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S.
Federal withholding Tax pursuant to the “business profits” or “other income” article
of such tax treaty;

     (C) in the case of a Non-U.S. Lender for whom payments under any Loan Document
constitute income that is effectively connected with such Lender’s conduct of a
trade or business in the United States, IRS Form W-8ECI;

     (D) in the case of a Non-U.S. Lender claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code both (1) IRS Form W-8BEN and (2)
a certificate substantially in the form of Exhibit G (a “U.S. Tax
Certificate”) to the effect that such Lender is not (a) a “bank” within the
meaning of Section 881(c)(3)(A) of the Code, (b) a “10 percent shareholder” of the
Borrower within the meaning of Section 881(c)(3)(B) of the Code, (c) a “controlled
foreign corporation” described in Section 881(c)(3)(C) of the Code or (d) conducting
a trade or business in the United States with which the relevant interest payments
are effectively connected;

     (E) in the case of a Non-U.S. Lender that is not the beneficial owner of
payments made under this Agreement (including a partnership or a participating
Lender) (1) an IRS Form W-8IMY on behalf of itself and (2) the relevant forms
prescribed in clauses (A), (B), (C), (D) and (F) of this paragraph (f)(ii) that
would be required of each such beneficial owner or partner of such partnership if
such beneficial owner or partner were a Lender; provided, however, that if the
Lender is a partnership and one or more of its partners are claiming the exemption
for portfolio interest under Section 881(c) of the Code, such Lender may provide a
U.S. Tax Certificate on behalf of such partners; or

     (F) any other form prescribed by law as a basis for claiming exemption from, or
a reduction of, U.S. Federal withholding Tax together with such supplementary
documentation necessary to enable the Borrower or the Administrative Agent to
determine the amount of Tax (if any) required by law to be withheld.

     (iii) If a payment made to a Lender under any Loan Document would be subject to U.S.
Federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the
applicable reporting requirements of FATCA (including those contained in Section 1471(b) or
1472(b) of the Code, as applicable), such Lender shall deliver to the Withholding Agent, at
the time or times prescribed by law and at such time or times reasonably requested by the
Withholding Agent, such documentation prescribed by applicable law (including as prescribed
by

37

 

Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably
requested by the Withholding Agent as may be necessary for the Withholding Agent to comply
with its obligations under FATCA, to determine that such Lender has or has not complied with
such Lender’s obligations under FATCA and, as necessary, to determine the amount to deduct
and withhold from such payment. Solely for purposes of this Section 2.17(f)(iii), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement.

          (g) Treatment of Certain Refunds. If any party determines, in its sole discretion
exercised in good faith, that it has received a refund of any Taxes as to which it has been
indemnified pursuant to this Section 2.17 (including additional amounts paid pursuant to this
Section 2.17), it shall pay to the indemnifying party an amount equal to such refund (but only to
the extent of indemnity payments made under this Section with respect to the Taxes giving rise to
such refund), net of all out-of-pocket expenses (including any Taxes) of such indemnified party and
without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay
to such indemnified party the amount paid to such indemnified party pursuant to the previous
sentence (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) in the event such indemnified party is required to repay such refund to such
Governmental Authority. Notwithstanding anything to the contrary in this Section 2.17(g), in no
event will any indemnified party be required to pay any amount to any indemnifying party pursuant
to this Section 2.17(g) if such payment would place such indemnified party in a less favorable
position (on a net after-Tax basis) than such indemnified party would have been in if the
indemnification payments or additional amounts giving rise to such refund had never been paid.
This Section 2.17(g) shall not be construed to require any indemnified party to make available its
Tax returns (or any other information relating to its Taxes that it deems confidential) to the
indemnifying party or any other Person.

          (h) Issuing Bank. For purposes of Section 2.17(e) and (f), the term “Lender” includes
each Issuing Bank.

          SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

          (a) The Borrower shall make each payment required to be made by it hereunder (whether of
principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section
2.15, 2.16 or 2.17, or otherwise) prior to (i) in the case of payments denominated in Dollars,
12:00 noon, New York City time and (ii) in the case of payments denominated in a Foreign Currency,
12:00 noon, Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for
such currency, in each case on the date when due, in immediately available funds, without set-off
or counterclaim. Any amounts received after such time on any date may, in the discretion of the
Administrative Agent, be deemed to have been received on the next succeeding Business Day for
purposes of calculating interest thereon. All such payments shall be made (i) in the same currency
in which the applicable Loan or Letter of Credit is denominated (except as otherwise provided in
Section 2.06(e)) and (ii) to the Administrative Agent at its offices at 10 South Dearborn Street,
7th Floor, Chicago, Illinois 60603 or, in the case of a Loan or Letter of Credit
denominated in a Foreign Currency, the Administrative Agent’s Eurocurrency Payment Office for such
currency, except payments to be made directly to an Issuing Bank or Swingline Lender as expressly
provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be
made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such
payments denominated in the same currency received by it for the account of any other Person to the
appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on
a day that is not a Business Day, the date for payment shall be extended to the next succeeding
Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable
for the period of such extension. Notwithstanding the foregoing provisions of

38

 

this Section, if, after the making of any Loan or issuance of any Letter of Credit hereunder in any Foreign Currency,
currency control or exchange regulations are imposed in the country which issues such currency with
the result that the type of currency in which the Loan or Letter of Credit is denominated (the
“Original Currency”) no longer exists or the Borrower is not able to make payment to the
Administrative Agent for the account of the Lenders in such
Original Currency, then all payments to be made by the Borrower hereunder in such currency
shall instead be made when due in Dollars in an amount equal to the Dollar Amount (as of the date
of repayment) of such payment due.

          (b) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then
due hereunder, such funds shall be applied (i) first, towards 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, towards payment of principal and unreimbursed
LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with
the amounts of principal and unreimbursed LC Disbursements then due to such parties.

          (c) [INTENTIONALLY OMITTED]

          (d) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Revolving Loans or
participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of
a greater proportion of the aggregate amount of its Revolving Loans and participations in LC
Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any
other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face
value) participations in the Revolving Loans and participations in LC Disbursements and Swingline
Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be
shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Revolving Loans and participations in LC Disbursements and Swingline
Loans; provided that (i) if any such participations are purchased and all or any portion of
the payment giving rise thereto is recovered, such participations shall be rescinded and the
purchase price restored to the extent of such recovery, without interest, and (ii) the provisions
of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to
and in accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements and Swingline Loans to any assignee or participant. The
Borrower 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 the Borrower rights of set-off and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of the Borrower in the amount of
such participation.

          (e) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Administrative Agent for the account of the Lenders or the
Issuing Banks 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 Lenders or the Issuing Banks, 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
Lenders or each of the Issuing Banks, as the case may be, severally agrees to repay to the
Administrative Agent forthwith on demand the amount so distributed to such Lender or such Issuing
Bank 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 Effective Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank

39

 

compensation (including without limitation the Overnight Foreign
Currency Rate in the case of Loans denominated in a Foreign Currency).

          (f) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.05(c), 2.06(d) or (e), 2.07(b), 2.18(e) or 9.03(c), then the Administrative Agent may, in its
discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter
received by the Administrative Agent for the account of such Lender and for the benefit of the
Administrative Agent, the Swingline Lender or the Issuing Banks to satisfy such Lender’s
obligations to it under such Section until all such unsatisfied obligations are fully paid and/or
(ii) hold any such amounts in a segregated account as cash collateral for, and application to, any
future funding obligations of such Lender under any such Section; in the case of each of clauses
(i) and (ii) above, in any order as determined by the Administrative Agent in its discretion.

          SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.15, or the Borrower is required to pay any amount to any
Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, 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 reasonable judgment of such Lender, such designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the
case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or
expense and would not 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) If (i) any Lender requests compensation under Section 2.15, (ii) the Borrower is required
to pay any amount to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 2.17 or (iii) any Lender becomes a Defaulting Lender, 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 Section 9.04), all its interests, rights and obligations under the Loan Documents to
an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender
accepts such assignment); provided that (i) the Borrower shall have received the prior
written consent of the Administrative Agent, which consent shall not unreasonably be withheld or
delayed, (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, 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) and (iii) in the case of any such assignment resulting from a claim for
compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such
assignment will result in a reduction in such compensation or payments. A Lender shall not be
required to make any such assignment and 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.

          SECTION 2.20. Expansion Option. The Borrower may from time to time elect to increase
the Commitments or enter into one or more tranches of term loans (each an “Incremental Term
Loan”), in each case in a minimum amount of $10,000,000 and an integral multiple of $5,000,000
in excess thereof so long as, after giving effect thereto, the aggregate amount of such increases
and all such Incremental Term Loans does not exceed $250,000,000. The Borrower may arrange for any
such increase or tranche to be provided by one or more Lenders (each Lender so agreeing to an
increase in its Commitment, or to participate in such Incremental Term Loans, an “Increasing
Lender”), or by one or

40

 

more new banks, financial institutions or other entities (each such new
bank, financial institution or other entity, an “Augmenting Lender”), to increase their
existing Commitments, or to participate in such Incremental Term Loans, or extend Commitments, as
the case may be; provided that (i) each Augmenting Lender, shall be subject to the approval
of the Borrower and consented to by the Administrative Agent (such consent not to be unreasonably
withheld) and (ii) (x) in the case of an Increasing Lender, the Borrower and such Increasing Lender
execute an agreement substantially in the form of Exhibit E hereto,
and (y) in the case of an Augmenting Lender, the Borrower and such Augmenting Lender execute
an agreement substantially in the form of Exhibit F hereto. No consent of any Lender
(other than the Lenders participating in the increase or any Incremental Term Loan) shall be
required for any increase in Commitments or Incremental Term Loan pursuant to this Section 2.20.
Increases and new Commitments and Incremental Term Loans created pursuant to this Section 2.20
shall become effective on the date agreed by the Borrower, the Administrative Agent and the
relevant Increasing Lenders or Augmenting Lenders, and the Administrative Agent shall notify each
Lender thereof. Notwithstanding the foregoing, no increase in the Commitments (or in the
Commitment of any Lender) or tranche of Incremental Term Loans shall become effective under this
paragraph unless, (i) on the proposed date of the effectiveness of such increase or Incremental
Term Loans, (A) the conditions set forth in paragraphs (a) and (b) of Section 4.02 shall be
satisfied or waived by the Required Lenders and the Administrative Agent shall have received a
certificate to that effect dated such date and executed by a Financial Officer of the Borrower and
(B) the Borrower shall be in compliance (on a Pro Forma Basis) with the covenants contained in
Section 6.07 and (ii) the Administrative Agent shall have received documents consistent with those
delivered on the Effective Date as to the corporate power and authority of the Borrower to borrow
hereunder after giving effect to such increase. On the effective date of any increase in the
Commitments, (i) each relevant Increasing Lender and Augmenting Lender shall make available to the
Administrative Agent such amounts in immediately available funds as the Administrative Agent shall
determine, for the benefit of the other Lenders, as being required in order to cause, after giving
effect to such increase and the use of such amounts to make payments to such other Lenders, each
Lender’s portion of the outstanding Revolving Loans of all the Lenders to equal its Applicable
Percentage of such outstanding Revolving Loans, and (ii) the Borrower shall be deemed to have
repaid and reborrowed all outstanding Revolving Loans as of the date of any increase in the
Commitments (with such reborrowing to consist of the Types of Revolving Loans, with related
Interest Periods if applicable, specified in a notice delivered by the Borrower, in accordance with
the requirements of Section 2.03). The deemed payments made pursuant to clause (ii) of the
immediately preceding sentence shall be accompanied by payment of all accrued interest on the
amount prepaid and, in respect of each Eurocurrency Loan, shall be subject to indemnification by
the Borrower pursuant to the provisions of Section 2.16 if the deemed payment occurs other than on
the last day of the related Interest Periods. The Incremental Term Loans (a) shall rank pari passu
in right of payment with the Revolving Loans, (b) shall not mature earlier than the Maturity Date
(but may have amortization prior to such date) and (c) shall be treated substantially the same as
(and in any event no more favorably than) the Revolving Loans; p
rovided that (i) the terms
and conditions applicable to any tranche of Incremental Term Loans maturing after the Maturity Date
may provide for material additional or different financial or other covenants or prepayment
requirements applicable only during periods after the Maturity Date and (ii) the Incremental Term
Loans may be priced differently than the Revolving Loans. Incremental Term Loans may be made
hereunder pursuant to an amendment or restatement (an “Incremental Term Loan Amendment”) of
this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each
Increasing Lender participating in such tranche, each Augmenting Lender participating in such
tranche, if any, and the Administrative Agent. The Incremental Term Loan Amendment may, without
the consent of any other Lenders, effect such amendments to this Agreement and the other Loan
Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative
Agent, to effect the provisions of this Section 2.20. Nothing contained in this Section 2.20 shall
constitute, or otherwise be deemed to be, a commitment on the part of any Lender to increase its
Commitment hereunder, or provide Incremental Term Loans, at any time.

41

 

          SECTION 2.21. Judgment Currency. If for the purposes of obtaining judgment in any
court it is necessary to convert a sum due from the Borrower hereunder in the currency expressed to
be payable herein (the “specified currency”) into another currency, the parties hereto
agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall
be that at which in accordance with normal banking procedures the Administrative Agent could
purchase the specified currency with such other currency at the Administrative Agent’s main New
York City office on the Business Day
preceding that on which final, non-appealable judgment is given. The obligations of the
Borrower in respect of any sum due to any Lender or the Administrative Agent hereunder shall,
notwithstanding any judgment in a currency other than the specified currency, be discharged only to
the extent that on the Business Day following receipt by such Lender or the Administrative Agent
(as the case may be) of any sum adjudged to be so due in such other currency such Lender or the
Administrative Agent (as the case may be) may in accordance with normal, reasonable banking
procedures purchase the specified currency with such other currency. If the amount of the
specified currency so purchased is less than the sum originally due to such Lender or the
Administrative Agent, as the case may be, in the specified currency, the Borrower agrees, to the
fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such
judgment, to indemnify such Lender or the Administrative Agent, as the case may be, against such
loss, and if the amount of the specified currency so purchased exceeds the sum originally due to
any Lender or the Administrative Agent, as the case may be, in the specified currency, such Lender
or the Administrative Agent, as the case may be, agrees to remit such excess to the Borrower.

          SECTION 2.22. Defaulting Lenders. Notwithstanding any provision of this Agreement to
the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply
for so long as such Lender is a Defaulting Lender:

          (a) fees shall cease to accrue on the Commitment of such Defaulting Lender pursuant to Section
2.12(a);

          (b) the Commitment and Revolving Credit Exposure of such Defaulting Lender shall not be
included in determining whether the Required Lenders have taken or may take any action hereunder
(including any consent to any amendment, waiver or other modification pursuant to Section 9.02);
provided, that this clause (b) shall not apply to the vote of a Defaulting Lender in the
case of an amendment, waiver or other modification requiring the consent of such Lender or each
Lender directly affected thereby that by its terms affects any Defaulting Lender more adversely
than other directly affected Lenders;

          (c) if any Swingline Exposure or LC Exposure exists at the time such Lender becomes a
Defaulting Lender then:

     (i) all or any part of the Swingline Exposure and LC Exposure of such Defaulting Lender
shall be reallocated among the non-Defaulting Lenders in accordance with their respective
Applicable Percentages but only to the extent the sum of all non-Defaulting Lenders’
Revolving Credit Exposures plus such Defaulting Lender’s Swingline Exposure and LC Exposure
does not exceed the total of all non-Defaulting Lenders’ Commitments;

     (ii) if the reallocation described in clause (i) above cannot, or can only partially,
be effected, the Borrower shall within one (1) Business Day following notice by the
Administrative Agent (x) first, prepay such Swingline Exposure and (y)
second, cash collateralize for the benefit of the relevant Issuing Banks only the
Borrower’s obligations corresponding to such Defaulting Lender’s LC Exposure (after giving
effect to any partial reallocation pursuant to clause (i) above)

42

 

in accordance with the procedures set forth in Section 2.06(j) for so long as such LC Exposure is outstanding;

     (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC
Exposure pursuant to clause (ii) above, the Borrower shall not be required to pay any fees
pursuant to Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure during the
period such Defaulting Lender’s LC Exposure is cash collateralized;

     (iv) if the LC Exposure of the Defaulting Lenders is reallocated pursuant to clause (i)
above, then the fees payable to the Lenders pursuant to Section 2.12(b) shall be adjusted in
accordance with the non-Defaulting Lenders’ Applicable Percentages; and

     (v) if all or any portion of such Defaulting Lender’s LC Exposure is neither
reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without
prejudice to any rights or remedies of any Issuing Bank or any other Lender hereunder, all
letter of credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s
LC Exposure shall be payable to the relevant Issuing Banks until and to the extent that such
LC Exposure is reallocated and/or cash collateralized; and

          (d) so long as such Lender is a Defaulting Lender, the Swingline Lender shall not be required
to fund any Swingline Loan and the Issuing Banks shall not be required to issue, amend or increase
any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s
then outstanding LC Exposure will be 100% covered by the Commitments of the non-Defaulting Lenders
and/or cash collateral will be provided by the Borrower in accordance with Section 2.22(c), and
participating interests in any such newly made Swingline Loan or any newly issued or increased
Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with
Section 2.22(c)(i) (and such Defaulting Lender shall not participate therein).

          In the event that the Administrative Agent, the Borrower, the Swingline Lender and each
Issuing Bank each agrees that a Defaulting Lender has adequately remedied all matters that caused
such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders
shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such
Lender shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as
the Administrative Agent shall determine may be necessary in order for such Lender to hold such
Loans in accordance with its Applicable Percentage.

          SECTION 2.23. Extension of Maturity Date.

          (a) Requests for Extension. The Borrower may, by notice to the Administrative Agent
(which shall promptly notify the Lenders) not earlier than sixty (60) days and not later than forty
five (45) days prior to the date that is one year prior to the Maturity Date then in effect,
request that each Lender extend such Lender’s Maturity Date for one year.

          (b) Lender Elections to Extend. Each Lender, acting in its sole and individual
discretion, shall, by notice to the Administrative Agent given not later than the date (the
“Notice Date”) that is twenty-five (25) days prior to the date that is one year prior to
the Maturity Date, advise the Administrative Agent whether or not such Lender agrees to such
extension, and each Lender that determines not to so extend its Maturity Date (a “Non-Extending
Lender”) shall notify the Administrative Agent of such fact promptly after such determination
(but in any event no later than the Notice Date) and any Lender that does not so advise the
Administrative Agent on or before the Notice Date shall be

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deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall not obligate any other Lender to so
agree, and it is understood and agreed that no Lender shall have any obligation whatsoever to agree
to any request made by the Borrower for extension of the Maturity Date.

          (c) Notification by Administrative Agent. The Administrative Agent shall notify the
Borrower of each Lender’s determination under this Section 2.23 no later than the date twenty (20)
days prior to the Maturity Date (or, if such date is not a Business Day, on the next preceding
Business Day).

          (d) Additional Commitment Lenders. The Borrower shall have the right on or before the
Maturity Date to replace each Non-Extending Lender with, and add as “Lenders” under this Agreement
in place thereof, one or more financial institutions (each, an “Additional Commitment
Lender”) approved by the Administrative Agent in accordance with the procedures provided in
Section 2.19(b), each of which Additional Commitment Lenders shall have entered into an Assignment
and Assumption pursuant to which such Additional Commitment Lender shall, effective as of the
Maturity Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a
Lender, its Commitment shall be in an amount that is in addition to such Lender’s Commitment
hereunder on such date).

          (e) Minimum Extension Requirement. If (and only if) the total of the Commitments of
the Lenders that have agreed so to extend their Maturity Date and the additional Commitments of the
Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in
effect immediately prior to the Notice Date, then, effective as of the Maturity Date then in
effect, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall
be extended to the date falling one year after the Maturity Date then in effect (except that, if
such date is not a Business Day, such Maturity Date as so extended shall be the next preceding
Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all
purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender
hereunder and shall have the obligations of a Lender hereunder.

          (f) Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the
extension of the Maturity Date pursuant to this Section 2.23 shall not be effective with respect to
any Lender unless:

     (i) no Default or Event of Default shall have occurred and be continuing on the date of
such extension and after giving effect thereto;

     (ii) the representations and warranties of the Borrower set forth in this Agreement
shall be true and correct in all material respects on as of the date of such extension as if
made on and as of such date (or, if any such representation or warranty is expressly stated
to have been made as of a specific date, as of such specific date); and

     (iii) the Administrative Agent shall have received a certificate from the Borrower
signed by a Financial Officer of the Borrower certifying the accuracy of the foregoing
clauses (i) and (ii).

          (g) Maturity Date for Non-Extending Lenders. On the Maturity Date of each
Non-Extending Lender, (i) the Commitment of each Non-Extending Lender shall automatically terminate
and (ii) the Borrower shall repay such Non-Extending Lender in accordance with Section 2.08 (and
shall pay to such Non-Extending Lender all of the other Obligations owing to it under the Credit
Agreement) and after giving effect thereto shall prepay any Revolving Loans outstanding on such
date (and pay any additional amounts required pursuant to Section 2.16) to the extent necessary to
keep outstanding

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Revolving Loans ratable with any revised Applicable Percentages of the respective
Lenders effective as of such date, and the Administrative Agent shall administer any necessary
reallocation of the Revolving Credit Exposures (without regard to any minimum borrowing, pro rata
borrowing and/or pro rata payment requirements contained elsewhere in this Agreement).

          (h) Conflicting Provisions. This Section shall supersede any provisions in Section
2.18(d) or Section 9.02 to the contrary.

ARTICLE III

Representations and Warranties

          The Borrower represents and warrants to the Lenders that:

          SECTION 3.01. Organization; Powers; Subsidiaries. The Borrower is duly organized,
validly existing and, except to the extent that the failure to do so could not reasonably be
expected to result in a Material Adverse Effect, in good standing under the laws of the
jurisdiction of its organization, has all requisite power and authority to carry on its business as
now conducted and, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and
is in good standing in, every jurisdiction where such qualification is required.

          SECTION 3.02. Authorization; Enforceability. The Transactions are within the
Borrower’s organizational powers and have been duly authorized by all necessary organizational
actions. The Loan Documents to which the Borrower is a party have been duly executed and delivered
by the Borrower and constitute a valid and binding obligation of the Borrower, enforceable in
accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally, concepts of reasonableness and
general principles of equity, regardless of whether considered in a proceeding in equity or at law.

          SECTION 3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except such as have been obtained or made and are in full force and effect,
(b) will not violate any applicable law or regulation or the charter, by-laws or other
organizational documents of the Borrower or any of its Subsidiaries or any order of any
Governmental Authority, (c) will not violate or result in a default under any indenture, material
agreement or other material instrument binding upon the Borrower or any of its Subsidiaries or its
assets, or give rise to a right thereunder to require any payment to be made by the Borrower or any
of its Subsidiaries, and (d) will not result in the creation or imposition of any Lien on any asset
of the Borrower or any of its Subsidiaries.

          SECTION 3.04. Financial Condition; No Material Adverse Change. (a) The Borrower has
heretofore furnished to the Lenders its consolidated balance sheet and statements of income,
stockholders equity and cash flows (i) as of and for the fiscal year ended December 31, 2010
reported on by KPMG LLP, independent public accountants, and (ii) as of and for the fiscal quarter
and the portion of the fiscal year ended March 31, 2011, certified by its chief financial officer.
Such financial statements present fairly, in all material respects, the consolidated financial
position and results of operations and cash flows of the Borrower and its consolidated Subsidiaries
as of such dates and for such periods in accordance with GAAP, subject to year-end audit
adjustments and the absence of footnotes in the case of the statements referred to in clause (ii)
above.

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          (b) Since December 31, 2010, there has been no material adverse change in the business,
assets, operations or financial condition of the Borrower and its Subsidiaries, taken as a whole.

          SECTION 3.05. Properties. Each of the Borrower and its Subsidiaries has good title
to, or valid leasehold interests in, all its real and personal property material to its business,
except for minor defects in title that do not interfere with its ability to conduct its business as
currently conducted or to utilize such properties for their intended purposes.

          SECTION 3.06. Litigation and Environmental Matters. (a) There are no actions, suits
or proceedings by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of the Borrower, threatened against or affecting the Borrower or any of its Subsidiaries
that could reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect.

          (b) Except with respect to any matters that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect, neither the Borrower nor any of its
Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply
with any permit, license or other approval required under any Environmental Law, (ii) has become
subject to any Environmental Liability or (iii) has received notice of any claim with respect to
any Environmental Liability.

          SECTION 3.07. Compliance with Laws. Each of the Borrower and its Subsidiaries is in
compliance with all laws, regulations and orders of any Governmental Authority applicable to it or
its property, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.08. Investment Company Status. The Borrower is not required to register as
an “investment company” under the Investment Company Act of 1940.

          SECTION 3.09. Taxes. Each of the Borrower and its Subsidiaries has (a) timely filed
or caused to be filed all Tax returns and reports required to have been filed and (b) paid or
caused to be paid all Taxes required to have been paid by it, except Taxes that are being contested
in good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as
applicable, has set aside on its books adequate reserves except, in each of (a) and (b), to the
extent that the failure to do so could not reasonably be expected to result in a Material Adverse
Effect.

          SECTION 3.10. ERISA. No ERISA Event has occurred that, when taken together with all
other such ERISA Events that have occurred, could reasonably be expected to result in a Material
Adverse Effect.

          SECTION 3.11. Disclosure. The Information Memorandum and the other reports,
financial statements, certificates and other information furnished by or on behalf of the Borrower
or any Subsidiary to the Administrative Agent or any Lender in connection with the negotiation of
this Agreement or delivered hereunder (as modified or supplemented by other information so
furnished), together with the Borrower’s annual report on Form 10-K and quarterly report on Form
10-Q, in each case most recently filed by the Borrower with the SEC, taken as a whole, do not
contain any material misstatement of fact or omit to state any material fact necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading;
provided that, with respect to projected financial information, the Borrower represents
only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time.

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          SECTION 3.12. Federal Reserve Regulations. No part of the proceeds of any Loan have
been used or will be used, whether directly or indirectly, for any purpose that entails a violation
of Regulations U or X of the Board.

ARTICLE IV

Conditions

          SECTION 4.01. Effective Date. The obligations of the Lenders to make Loans and of
the Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on
which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

     (a) The Administrative Agent (or its counsel) shall have received from each party
hereto either (A) a counterpart of this Agreement signed on behalf of such party or (B)
written evidence satisfactory to the Administrative Agent (which may include telecopy or
electronic transmission of a signed signature page of this Agreement) that such party has
signed a counterpart of this Agreement.

     (b) The Administrative Agent shall have received a (i) legal opinion (addressed to the
Administrative Agent and the Lenders and dated the Effective Date) of Davis Polk & Wardwell
LLP, special New York counsel for the Borrower, substantially in the form of Exhibit
D-1, and (ii) a legal opinion of Wyatt, Tarrant & Combs, LLP, special Tennessee counsel
for the Borrower, substantially in the form of Exhibit D-2. The Borrower hereby
requests such counsel to deliver such opinion.

     (c) The Administrative Agent shall have received:

     (i) Notes executed by the Borrower in favor of each of the Lenders, if any,
which has requested a note pursuant to Section 2.10(e) of the Credit Agreement at
least one (1) Business Day prior to the Effective Date;

     (ii) a Certificate of the Secretary or an Assistant Secretary of the Borrower
certifying (i) that there have been no changes in the Certificate of Incorporation
or other charter document of the Borrower, as attached thereto and as certified as
of a recent date by the Secretary of State (or analogous governmental entity) of the
jurisdiction of its organization, since the date of the certification thereof by
such governmental entity, (ii) the By-Laws or other applicable organizational
document, as attached thereto, of the Borrower as in effect on the date of such
certification, (iii) resolutions of the Board of Directors or other governing body
of the Borrower authorizing the execution, delivery and performance of each Loan
Document to which it is a party, and (iv) the names and true signatures of the
incumbent officers of the Borrower authorized to sign the Loan Documents to which it
is a party, and authorized to request a Borrowing or the issuance of a Letter of
Credit under the Credit Agreement; and

     (iii) A Good Standing Certificate for the Borrower from the Secretary of State
of the jurisdiction of its organization.

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     (d) The Administrative Agent shall have received a certificate, dated the Effective
Date and signed by the President, a Vice President or a Financial Officer of the Borrower,
confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section
4.02.

     (e) The Administrative Agent shall have received evidence satisfactory to it that the
Borrower has entered into an amendment to the Existing Credit Agreement, which amendment
shall (i) reduce the “Revolving Loan Commitments” under (and as defined in) the Existing
Credit Agreement to $350,000,000 or less and (ii) make such other conforming changes to such
credit agreement as are reasonably acceptable to the Administrative Agent.

     (f) The Administrative Agent shall have received all fees and other amounts due and
payable on or prior to the Effective Date, including, to the extent invoiced at least one
(1) Business Day prior to the Closing Date, reimbursement or payment of all out-of-pocket
expenses required to be reimbursed or paid by the Borrower hereunder.

The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such
notice shall be conclusive and binding.

          SECTION 4.02. Each Extension of Credit. The obligation of each Lender to make a Loan
on the occasion of any Borrowing, and of the Issuing Banks to issue, amend, renew or extend any
Letter of Credit, is subject to the satisfaction of the following conditions:

     (a) The representations and warranties of the Borrower set forth in this Agreement
(other than the representations contained in Section 3.04(b) and 3.06(b)) shall be true and
correct in all material respects on and as of the date of such Borrowing or the date of
issuance, amendment, renewal or extension of such Letter of Credit, as applicable, except in
the case of any representation or warranty that by its terms relates to a specified earlier
date or dates, in which case such representation or warranty shall have been true and
correct in all material respects as of such earlier date or dates.

     (b) At the time of and immediately after giving effect to such Borrowing or the
issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no
Default or Event of Default shall have occurred and be continuing.

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be
deemed to constitute a representation and warranty by the Borrower on the date thereof as to the
matters specified in paragraphs (a) and (b) of this Section.

ARTICLE V

Affirmative Covenants

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower
covenants and agrees with the Lenders that:

          SECTION 5.01. Financial Statements and Other Information. The Borrower will furnish
to the Administrative Agent and each Lender:

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     (a) within ninety (90) days after the end of each fiscal year of the Borrower (or, if
earlier, by the date that the Annual Report on Form 10-K of the Borrower for such fiscal
year would be required to be filed under the rules and regulations of the SEC, giving effect
to any automatic extension available thereunder for the filing of such form), its audited
consolidated balance sheet and related statements of operations, shareholders’ equity and
cash flows as of the end of and for such year, setting forth in each case in comparative
form the figures for the previous fiscal year, all reported on by KPMG LLP or other
independent public accountants of recognized national
standing (without a “going concern” qualification or exception) in accordance with
Regulation S-K of the SEC;

     (b) within forty-five (45) days after the end of each of the first three fiscal
quarters of each fiscal year of the Borrower (or, if earlier, by the date that the Quarterly
Report on Form 10-Q of the Borrower for such fiscal quarter would be required to be filed
under the rules and regulations of the SEC, giving effect to any automatic extension
available thereunder for the filing of such form), its consolidated balance sheet as of the
end of such fiscal quarter, its related statement of operations for such fiscal quarter and
its related statements of operations and cash flows for the then elapsed portion of the
fiscal year, setting forth in each case in comparative form the figures for the
corresponding period or periods of (or, in the case of the balance sheet, as of the end of)
the previous fiscal year, all certified by one of its Financial Officers as presenting
fairly in all material respects the financial condition and results of operations of the
Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, subject to normal year-end audit adjustments and the absence of
footnotes;

     (c) concurrently with any delivery of financial statements under clause (a) or (b)
above, a certificate of a Financial Officer of the Borrower (i) certifying as to whether a
Default has occurred and is continuing and, if a Default has occurred and is continuing,
specifying the details thereof and any action taken or proposed to be taken with respect
thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with
Section 6.07 and (iii) stating whether any change in GAAP or in the application thereof has
occurred since the date of the audited financial statements referred to in Section 3.04 and,
if any such change has occurred, specifying the effect of such change on the financial
statements accompanying such certificate;

     (d) promptly after the same become publicly available, copies of all periodic and other
reports, proxy statements and other materials filed by the Borrower or any Subsidiary with
the SEC, or any Governmental Authority succeeding to any or all of the functions of said
Commission, or with any national securities exchange, or distributed by the Borrower to its
shareholders generally, as the case may be; and

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

Documents required to be delivered pursuant to clauses (a), (b) and (d) of this Section 5.01
may be delivered electronically and if so delivered, shall be deemed to have been delivered
on the date on which such documents are filed for public availability on the SEC’s
Electronic Data Gathering and Retrieval System; provided that the Borrower shall
notify (which may be by facsimile or electronic mail) the Administrative Agent of the filing
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

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provide paper copies of the compliance certificates required by clause (c) of this Section 5.01 to the Administrative Agent.

          SECTION 5.02. Notices of Material Events. The Borrower will furnish to the
Administrative Agent and each Lender prompt written notice of the occurrence of any Default. Each
notice delivered under this Section shall be accompanied by a statement of a Financial Officer or
other executive officer of the Borrower setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.

          SECTION 5.03. Existence, Rights and Privileges. The Borrower will, and will cause
each of its Subsidiaries to, do or cause to be done all things necessary to (a) preserve, renew and
keep in full force and effect (i) its legal existence, (ii) the rights, qualifications, licenses,
permits, privileges, franchises, governmental authorizations and intellectual property rights
material to the conduct of its business except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain
all requisite authority to conduct its business in each jurisdiction in which its business is
conducted except where the failure to do so, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect; provided that the foregoing shall not
prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03.

          SECTION 5.04. Payment of Obligations. The Borrower will, and will cause each of its
Subsidiaries to, pay its obligations, including Tax liabilities, that, if not paid, could
reasonably be expected to result in a Material Adverse Effect, before the same shall become
delinquent or in default, except where (a) (i) the validity or amount thereof is being contested in
good faith by appropriate proceedings and (ii) the Borrower or such Subsidiary has set aside on its
books adequate reserves with respect thereto in accordance with GAAP or (b) the failure to make
payment could not reasonably be expected to result in a Material Adverse Effect.

          SECTION 5.05. Maintenance of Properties; Insurance. The Borrower will, and will
cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of
its business in good working order and condition, ordinary wear and tear excepted, except where the
failure to do so could not reasonably be expected to result in a Material Adverse Effect, and (b)
maintain, with financially sound and reputable insurance companies, insurance in such amounts and
against such risks as are customarily maintained by companies engaged in the same or similar
businesses operating in the same or similar locations.

          SECTION 5.06. Books and Records; Inspection Rights. The Borrower will, and will
cause each of its Subsidiaries to, keep proper books of record and account in which full, true and
correct entries are made of all dealings and transactions in relation to its business and
activities. The Borrower will, and will cause each of its Subsidiaries to, permit any
representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice,
to visit and inspect its properties, to examine and make extracts from its books and records, and
to discuss its affairs, finances and condition with its officers and independent accountants, all
at such reasonable times and as often as reasonably requested (provided that, in respect of any
such discussions with the Borrower’s independent accountants, the Borrower shall be given notice at
least two (2) Business Days prior to such discussion and the opportunity to be present at any such
discussions). The Borrower acknowledges that the Administrative Agent, after exercising its rights
of inspection, may prepare and distribute to the Lenders certain reports pertaining to the Borrower
and its Subsidiaries’ assets for internal use by the Administrative Agent and the Lenders.

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          SECTION 5.07. Compliance with Laws. The Borrower will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority
applicable to it or its property except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect.

          SECTION 5.08. Use of Proceeds. The proceeds of the Loans will be used only to
finance the working capital needs, and for general corporate purposes, of the Borrower and its
Subsidiaries in the ordinary course of business. No part of the proceeds of any Loan will be used,
whether directly or indirectly, for any purpose that entails a violation of any of the Regulations
of the Board, including Regulations U and X.

ARTICLE VI

Negative Covenants

          Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired
or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and
agrees with the Lenders that:

          SECTION 6.01. Subsidiary Indebtedness. The Borrower will not permit any Subsidiary
to, create, incur, assume or permit to exist any Indebtedness, except:

     (a) Indebtedness existing on the date hereof and set forth in Schedule 6.01 and
extensions, renewals and replacements of any such Indebtedness with Indebtedness that does
not increase the outstanding principal amount thereof;

     (b) Indebtedness of any Subsidiary to the Borrower or any other Subsidiary;

     (c) Guarantees by any Subsidiary of Indebtedness of the Borrower or any other
Subsidiary;

     (d) Indebtedness incurred to finance the acquisition, construction or improvement of
any fixed or capital assets, including Capital Lease Obligations and any Indebtedness
assumed in connection with the acquisition of any such assets or secured by a Lien on any
such assets prior to the acquisition thereof, and extensions, renewals and replacements of
any such Indebtedness that do not increase the outstanding principal amount thereof;
provided that (i) such Indebtedness is incurred prior to or within ninety (90) days
after such acquisition or the completion of such construction or improvement and (ii) the
aggregate principal amount of Indebtedness permitted by this clause (d) shall not exceed
$50,000,000 at any time outstanding;

     (e) Indebtedness as an account party in respect of letters of credit;

     (f) Indebtedness incurred to fund acquisitions; and

     (g) other Indebtedness so long as, immediately after giving effect (on a Pro Forma
Basis, if applicable) thereto and the application of the proceeds thereof, the aggregate
outstanding principal amount of Indebtedness permitted under this clause (g), together with
the aggregate principal amount of Indebtedness and other obligations secured by Liens
permitted under Section

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6.02(e), does not exceed 20% of Consolidated Total Assets
(determined at the time of the incurrence thereof by reference to the Borrower’s financial
statements most recently delivered pursuant to pursuant to Section 5.01(a) or (b) or, if
prior to the date of delivery of the first financial statements to be delivered pursuant to
Section 5.01(a) or (b), the most recent financial statements referred to in Section
3.04(a)).

          SECTION 6.02. Liens. The Borrower will not, and will not permit any Subsidiary to,
create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, except:

          (a) Permitted Encumbrances;

          (b) any Lien on any property or asset of the Borrower or any Subsidiary existing on the
date hereof and set forth in Schedule 6.02; provided that (i) such Lien
shall not apply to any other property or asset of the Borrower or any Subsidiary and (ii)
such Lien shall secure only those obligations which it secures on the date hereof and
extensions, renewals and replacements thereof that do not increase the outstanding principal
amount thereof;

          (c) any Lien existing on any property or asset prior to the acquisition thereof by the
Borrower or any Subsidiary or existing on any property or asset of any Person that becomes a
Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary;
provided that (i) such Lien is not created in contemplation of or in connection with
such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien
shall not apply to any other property or assets of the Borrower or any Subsidiary and (iii)
such Lien shall secure only those obligations which it secures on the date of such
acquisition or the date such Person becomes a Subsidiary, as the case may be, and
extensions, renewals and replacements thereof that do not increase the outstanding principal
amount thereof;

          (d) Liens on fixed or capital assets acquired, constructed or improved by the Borrower
or any Subsidiary; provided that (i) such security interests secure Indebtedness of
the Borrower or Indebtedness permitted by clause (d) of Section 6.01, (ii) such security
interests and the Indebtedness secured thereby are incurred prior to or within ninety (90)
days after such acquisition or the completion of such construction or improvement, (iii) the
Indebtedness secured thereby does not exceed the cost of acquiring, constructing or
improving such fixed or capital assets and (iv) such security interests shall not apply to
any other property or assets of the Borrower or any Subsidiary;

          (e) Liens on assets of the Borrower and its Subsidiaries not otherwise permitted above
so long as, immediately after giving effect (on a Pro Forma basis, if applicable) thereto
and to the application of the proceeds of any Indebtedness or obligation secured thereby,
the aggregate principal amount of the Indebtedness and other obligations subject to such
Liens does not at any time exceed $100,000,000.

          SECTION 6.03. Fundamental Changes and Asset Sales. (a) The Borrower will not, and
will not permit any Subsidiary to, merge into or consolidate with any other Person, or permit any
other Person to merge into or consolidate with it, or sell, transfer or otherwise dispose of (in
one transaction or in a series of transactions) any of its assets, or any of the Equity Interests
of any of its Subsidiaries (in each case, whether now owned or hereafter acquired), or liquidate or
dissolve, except that:

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     (i) any Person may merge into the Borrower in a transaction in which the Borrower is
the surviving corporation;

     (ii) any Person (other than the Borrower) may merge into any Subsidiary in a
transaction in which the surviving entity is a Subsidiary;

     (iii) any Subsidiary may sell, transfer or otherwise dispose of its assets to the
Borrower or to another Subsidiary;

     (iv) the Borrower and its Subsidiaries may (A) sell inventory in the ordinary course of
business, (B) effect sales, trade-ins or dispositions of used equipment for value in the
ordinary course of business consistent with past practice, (C) enter into licenses of
technology in the ordinary course of business, and (D) make any other sales, transfers or
dispositions that, together with all other property of the Borrower and its Subsidiaries
previously sold or disposed of as
permitted by this clause (D) during any fiscal year of the Borrower, does not exceed an
aggregate book value of twenty percent (20%) of Consolidated Total Assets of the Borrower
(determined at the time of making such sale, transfer) or disposition by reference to the
Borrower’s financial statements most recently delivered pursuant to Section 5.01(a) or (b)
or, if prior to the date of the delivery of the first financial statements to be delivered
pursuant to Section 5.01(a) or (b), the most recent financial statements referred to in
Section 3.04(a); and

     (v) any Subsidiary may liquidate or dissolve in accordance with applicable laws.

          (b) The Borrower will not, nor will it permit any of its Subsidiaries to, change its fiscal
year from the basis in effect on the Effective Date.

          SECTION 6.04. Investments, Loans, Advances and Guarantees. The Borrower will not,
and will not permit any of its Subsidiaries to, make or permit to exist any loans or advances to,
Guarantee any obligations of, or make or permit to exist any investment or any other interest in,
any other Person, except:

          (a) Permitted Investments;

          (b) investments by the Borrower and its Subsidiaries existing on the date hereof in the
capital stock of Subsidiaries;

          (c) investments, loans or advances by the Borrower in or to any Subsidiary and by any
Subsidiary in or to the Borrower or any other Subsidiary;

          (d) investments made in any Person that, immediately after giving effect to such investment,
is a Subsidiary;

          (e) Guarantees constituting Indebtedness permitted by Section 6.01;

          (f) Investments in Swap Agreements; and

          (g) investments, loans or advances that, together with all other investments, loans and
advances permitted by this clause (g) made during any fiscal year of the Borrower, do not exceed
twenty percent (20%) of Consolidated Total Assets of the Borrower (determined at the time of making
such investment, loan or advance by reference to the Borrower’s financial statements most recently
delivered

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pursuant to Section 5.01(a) or (b) or, if prior to the date of the delivery of the first
financial statements to be delivered pursuant to Section 5.01(a) or (b), the most recent financial
statements referred to in Section 3.04(a).

For the avoidance of doubt, this Section 6.04 shall not place any restrictions upon the Borrower or
any of its Subsidiaries effectuating mergers and acquisitions so long as, if the Borrower is a
party to any such merger, the Borrower is the surviving entity of such merger.

          SECTION 6.05. Transactions with Affiliates. The Borrower will not, and will not
permit any of its Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or
purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, except (a) at prices and on terms and conditions not less
favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from
unrelated third parties, (b) transactions between or among the Borrower and its Subsidiaries not
involving any other Affiliate (c) compensation
arrangements with, and fees and expenses paid or payable to, officers, directors, employees
and agents of the Borrower and its Subsidiaries and (d) any Restricted Payment permitted by Section
6.06.

          SECTION 6.06. Restricted Payments. The Borrower will not, and will not permit any of
its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any
Restricted Payment, except (a) the Borrower may declare and pay dividends with respect to its
Equity Interests payable solely in additional shares of its common stock, (b) Subsidiaries may
declare and pay dividends ratably with respect to their Equity Interests, (c) the Borrower may make
Restricted Payments pursuant to and in accordance with stock option plans or other benefit plans
for management or employees of the Borrower and its Subsidiaries and (d) the Borrower and its
Subsidiaries may make any other Restricted Payment (whether in cash, securities or other property)
so long as no Default or Event of Default has occurred and is continuing prior to making such
Restricted Payment or would arise after giving effect (including on a Pro Forma Basis, to the
extent applicable) thereto; provided that any dividend shall be permitted under this
Section 6.06(c) if (i) at the time of the declaration thereof, the payment of such dividend would
have been permitted under this Section 6.06(c) and (ii) such dividend is paid within 60 days of the
date of declaration thereof, regardless of whether a Default or Event of Default exists, or would
arise after giving effect to the payment thereof, at the time at which such dividend is actually
paid.

          SECTION 6.07. Financial Covenants.

          (a) Maximum Leverage Ratio. The Borrower will not permit the ratio (the “Leverage
Ratio”), determined as of the end of each of its fiscal quarters ending on and after June 30,
2011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4)
consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the
Borrower and its Subsidiaries on a consolidated basis, to be greater than 3.75 to 1.00.

          (b) Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the
“Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters ending
on and after June 30, 2011, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, in
each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal
quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less
than 3.00 to 1.00.

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ARTICLE VII

Events of Default

          If any of the following events (“Events of Default”) shall occur:

          (a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation
in respect of any LC Disbursement when and as the same shall become due and payable, whether at the
due date thereof or at a date fixed for prepayment thereof or otherwise;

          (b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount
(other than an amount referred to in clause (a) of this Article) payable under this Agreement or
any other Loan Document, when and as the same shall become due and payable, and such failure shall
continue unremedied for a period of five (5) Business Days;

          (c) any representation or warranty made or deemed made by or on behalf of the Borrower or any
Subsidiary in or in connection with this Agreement or any other Loan Document or any amendment or
modification hereof or thereof or waiver hereunder or thereunder, or in any certificate or
financial statement furnished pursuant to this Agreement or any other Loan Document or any
amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any
material respect when made or deemed made;

          (d) the Borrower shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.02, 5.03(a)(i) (with respect to the Borrower’s existence) or 5.08 or in
Article VI;

          (e) the Borrower shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those specified in clause (a), (b) or (d) of this Article)
or any other Loan Document, and such failure shall continue unremedied for a period of thirty (30)
days after notice thereof from the Administrative Agent to the Borrower (which notice will be given
at the request of any Lender);

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

          (g) any event or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits (without the giving of any further notice or
the lapse of time) the holder or holders of any Material Indebtedness or any trustee or agent on
its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment,
repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided
that this clause (g) shall not apply to Indebtedness that becomes due as a result of the voluntary
sale or transfer of property or assets;

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

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

          (j) the Borrower or any Subsidiary (other than an Immaterial Subsidiary) shall become unable,
admit in writing its inability or fail generally to pay its debts as they become due;

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

          (l) an ERISA Event shall have occurred that, when taken together with all other ERISA Events
that have occurred, has resulted in a Material Adverse Effect; or

          (m) a Change in Control shall occur;

then, and in every such event (other than an event with respect to the Borrower described in clause
(h) or (i) of this Article), and at any time thereafter during the continuance of such event, the
Administrative Agent may, and at the request of the Required Lenders shall, by notice to the
Borrower, take either or both of the following actions, at the same or different times: (i)
terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii)
declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable),
and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other Obligations of the Borrower accrued hereunder and under the
other Loan Documents, shall become due and payable immediately, without presentment, demand,
protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of
any event with respect to the Borrower described in clause (h) or (i) of this Article, the
Commitments shall automatically terminate and the principal of the Loans then outstanding, together
with accrued interest thereon and all fees and other Obligations accrued hereunder and under the
other Loan Documents, shall automatically become due and payable, without presentment, demand,
protest or other notice of any kind, all of which are hereby waived by the Borrower. Upon the
occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at
the request of the Required Lenders shall, exercise any rights and remedies provided to the
Administrative Agent under the Loan Documents or at law or equity.

ARTICLE VIII

The Administrative Agent

          Each of the Lenders and each of the Issuing Banks hereby irrevocably appoints the
Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on
its behalf, including execution of the other Loan Documents, and to exercise such powers as are
delegated to

56

 

the Administrative Agent by the terms of the Loan Documents, together with such
actions and powers as are reasonably incidental thereto.

          The bank 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 such bank and its Affiliates may accept deposits from, lend money to and
generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate
thereof as if it were not the Administrative Agent hereunder.

          The Administrative Agent shall not have any duties or obligations except those expressly set
forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the
Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any
duty to take any discretionary action or exercise any discretionary powers, except discretionary
actions and powers expressly contemplated by the Loan Documents that the Administrative Agent is
required to exercise in writing as directed by the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in Section
9.02), and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall
not 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 Subsidiaries that is communicated to or obtained by the bank
serving as 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 with the consent or at the request of the Required Lenders (or such other number or percentage
of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or 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 written notice thereof is given to the
Administrative Agent by the Borrower or a Lender, and 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 any Loan Document, (ii) the contents of any
certificate, report or other document delivered hereunder or in connection with any Loan Document,
(iii) the performance or observance of any of the covenants, agreements or other terms or
conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or
genuineness of any Loan Document or any other agreement, instrument or document, or (v) the
satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than
to confirm receipt of items expressly required to be delivered to the 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 believed by it to be genuine and to have been signed or sent 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 be made by the proper Person, and shall not incur any liability for relying
thereon. 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.

          The Administrative Agent may perform any and all its duties and exercise its rights and powers
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 its duties and exercise its rights and powers
through their respective Related Parties. The exculpatory provisions of the preceding paragraphs
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.

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          Subject to the appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the
Issuing Banks and the Borrower. Upon any such resignation, the Required Lenders shall have the
right, in consultation with the Borrower, to appoint a successor. If no successor shall have been
so appointed by the Required Lenders and shall have accepted such appointment within thirty (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 Issuing Banks, in consultation with the
Borrower, appoint a successor Administrative Agent which shall be a bank with an office in New
York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as
Administrative Agent hereunder by a successor, such successor shall succeed to and become vested
with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder. 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 successor. After the
Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 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 it was acting as Administrative Agent.

          Each Lender acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it shall 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.

          None of the Lenders, if any, identified in this Agreement as a Co-Syndication Agent shall have
any right, power, obligation, liability, responsibility or duty under this Agreement other than
those applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders
shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes
the same acknowledgments with respect to the relevant Lenders in their respective capacities as
Co-Syndication Agents as it makes with respect to the Administrative Agent in the preceding
paragraph.

          The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or
omissions of, or (except as otherwise set forth herein in case of the Administrative Agent)
authorized to act for, any other Lender. The Administrative Agent shall have the exclusive right
on behalf of the Lenders to enforce the payment of the principal of and interest on any Loan after
the date such principal or interest has become due and payable pursuant to the terms of this
Agreement.

ARTICLE IX

Miscellaneous

          SECTION 9.01. Notices. (a) Except in the case of notices and other communications
expressly permitted to be given by telephone (and subject to paragraph (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 telecopy or “pdf” or
similar email attachment, as follows:

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     (i) if to the Borrower, to it at 8155 T&B Boulevard, Memphis, Tennessee 38125,
Attention of Tracey Whitehead, Corporate Cash Manager (Telecopy No. 901.252.1334; Telephone
No. 901.252.8117; Email Address tracey.whitehead@tnb.com);

     (ii) if to the Administrative Agent, (A) in the case of Borrowings denominated in
Dollars, to JPMorgan Chase Bank, N.A., 10 South Dearborn, 7th Floor, Chicago, IL
60603-2003, Attention of April Yebd (Telecopy No. (888) 292-9533 Email Address
jpm.agency.servicing.4@jpmchase.com) and (B) in the case of Borrowings denominated in
Foreign Currencies, to J.P. Morgan Europe Limited, 125 London Wall, London EC2Y 5AJ,
Attention of Sue Dalton (Telecopy No. 44 207 777 2360; Email Address
loan_and_agency_london@jpmchase.com, and in each case with a copy to JPMorgan Chase Bank,
N.A., 2200 Ross Avenue, Floor 3, Dallas, TX, 75201-2787, Attention of Gregory Martin
(Telecopy No. (214) 965-2044; Email Address gregory.t.martin@jpmorgan.com);

     (iii) if to JPMorgan Chase Bank, N.A. as an Issuing Bank, to it at JPMorgan Chase Bank,
N.A., 131 South Dearborn, Floor 5, Chicago, IL 60603-5506, Attention of Floro Alcantara
(Telecopy No. (312) 385-7236; Email Address floro.o.alcantara@jpmchase.com, or in the case
of any other Issuing Bank, to it at the address and telecopy number specified from time to
time by such Issuing Bank to the Borrower and the Administrative Agent;

     (iv) if to the Swingline Lender, to it at JPMorgan Chase Bank, N.A., 10 South Dearborn,
7th Floor, Chicago, Illinois 60603-2003, Attention of April Yebd (Telecopy No.
(888) 292-9533 Email Address jpm.agency.servicing.4@jpmchase.com); and

     (v) if to any other Lender, to it at its address (or telecopy number or email address)
set forth in its Administrative Questionnaire.

          (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Article II unless
otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent
or the Borrower may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or communications.

          (c) Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other
communications given to any party hereto in accordance with the provisions of this Agreement shall
be deemed to have been given on the date of receipt.

          SECTION 9.02. Waivers; Amendments. (a) No failure or delay by the Administrative
Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other
Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power, or any abandonment or discontinuance of steps to enforce such a right or
power, preclude any other or further exercise thereof or the exercise of any other right or power.
The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder
and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies
that they would otherwise have. No waiver of any provision of this Agreement or consent to any
departure by the Borrower therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only
in the specific instance and for the

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purpose for which given. Without limiting the generality of
the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a
waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing
Bank may have had notice or knowledge of such Default at the time.

          (b) Except as provided in Section 2.20 with respect to an Incremental Term Loan Amendment,
neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant
to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or
by the Borrower and the Administrative Agent with the consent of the Required Lenders;
provided that no such agreement shall (i) increase the Commitment of any Lender without
the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement
or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written
consent of each Lender directly affected thereby, (iii) postpone the scheduled date of payment of
the principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable
hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled
date of expiration of any Commitment, without the written consent of each Lender directly affected
thereby, (iv) change Section 2.18(b) or (d) in a manner that would alter the pro rata sharing of
payments required thereby, without the written consent of each Lender; provided that any
Lender may, without the consent of any other Lender, waive its right under Section 2.18(b) to sell
participations in its Revolving Loans, participations in LC Disbursements and Swingline Loans to
any Lender in respect of any payment or group or class or type of payments or (v) change any of the
provisions of this Section or the definition of “Required Lenders” or any other
provision hereof specifying the number or percentage of Lenders required to waive, amend or
modify any rights hereunder or make any determination or grant any consent hereunder, without the
written consent of each Lender (it being understood that, solely with the consent of the parties
prescribed by Section 2.20 to be parties to an Incremental Term Loan Amendment, Incremental Term
Loans may be included in the determination of Required Lenders on substantially the same basis as
the Commitments and the Revolving Loans are included on the Effective Date), without the written
consent of each Lender; provided further that no such agreement shall amend, modify
or otherwise affect the rights or duties of the Administrative Agent, any Issuing Bank or the
Swingline Lender hereunder without the prior written consent of the Administrative Agent, such
Issuing Bank or the Swingline Lender, as the case may be.

          (c) Notwithstanding the foregoing, this Agreement and any other Loan Document may be amended
(or amended and restated) with the written consent of the Required Lenders, the Administrative
Agent and the Borrower (x) to add one or more credit facilities (in addition to the Incremental
Term Loans pursuant to an Incremental Term Loan Amendment) to this Agreement and to permit
extensions of credit from time to time outstanding thereunder and the accrued interest and fees in
respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents
with the Revolving Loans, Incremental Term Loans and the accrued interest and fees in respect
thereof and (y) to include appropriately the Lenders holding such credit facilities in any
determination of the Required Lenders and Lenders.

          (d) If, in connection with any proposed amendment, waiver or consent requiring the consent of
“each Lender” or “each Lender directly affected thereby,” the consent of the Required Lenders is
obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent
is necessary but not obtained being referred to herein as a “Non-Consenting Lender”), then
the Borrower may elect to replace a Non-Consenting Lender as a Lender party to this Agreement,
provided that, concurrently with such replacement, (i) another bank or other entity which is
reasonably satisfactory to the Borrower and the Administrative Agent shall agree, as of such date,
to purchase for cash the Loans and other Obligations due to the Non-Consenting Lender pursuant to
an Assignment and Assumption and to become a Lender for all purposes under this Agreement and to
assume all obligations of the Non-

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Consenting Lender to be terminated as of such date and to comply
with the requirements of clause (b) of Section 9.04, and (ii) such Non-Consenting Lender shall
have received in same day funds on the day of such replacement (1) all interest, fees and other
amounts then accrued but unpaid to such Non-Consenting Lender by the Borrower hereunder to and
including the date of termination, including without limitation payments due to such Non-Consenting
Lender under Sections 2.15 and 2.17, and (2) an amount, if any, equal to the payment which would
have been due to such Lender on the day of such replacement under Section 2.16 had the Loans of
such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender.

          (e) Notwithstanding anything to the contrary herein the Administrative Agent may, with the
consent of the Borrower only, amend, modify or supplement this Agreement or any of the other Loan
Documents to cure any ambiguity, omission, mistake, defect or inconsistency.

          SECTION 9.03. Expenses; Indemnity; Damage Waiver. (a) 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,
in connection with the syndication and distribution (including, without limitation, via the
internet or through a service such as Intralinks) of the credit facilities provided for herein, the
preparation 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 any Issuing Bank 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 Issuing Bank or any
Lender, including the reasonable fees, charges and disbursements of any counsel for the
Administrative Agent, any Issuing Bank or any Lender, in connection with the enforcement or
protection of its rights in connection with this Agreement and any other Loan Document, including
its rights under this Section, or in connection with the 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) The Borrower shall indemnify the Administrative Agent, each Issuing Bank and each Lender,
and each 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 and related expenses, including the reasonable fees, charges and disbursements
of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of,
in connection with, or as a result of (i) the execution or delivery of any Loan Document or any
agreement or instrument contemplated thereby, the performance by the parties hereto of their
respective obligations thereunder or the consummation of the Transactions or any other transactions
contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom
(including any refusal by any Issuing Bank 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 of its Subsidiaries, and regardless of whether any Indemnitee is a party
thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the
extent that such losses, claims, damages, liabilities or related expenses are determined by a court
of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of

61

 

such Indemnitee. This Section 9.03(b) shall not apply with
respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax
claim.

          (c) To the extent that the Borrower fails to pay any amount required to be paid by it to the
Administrative Agent, any Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to the Administrative Agent, any Issuing Bank or the
Swingline Lender, 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
(it being understood that the Borrower’s failure to pay any such amount shall not relieve the
Borrower of any default in the payment thereof); 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, any Issuing Bank or the Swingline Lender in its
capacity as such.

          (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby
waives, any claim against any Indemnitee (i) for any damages arising from the use by others of
information or other materials obtained through telecommunications, electronic or other information
transmission systems (including the Internet), or (ii) 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 or thereby, the Transactions, any Loan or Letter of Credit or the
use of the proceeds thereof.

          (e) All amounts due under this Section shall be payable not later than fifteen (15) days after
written demand therefor.

          SECTION 9.04. Successors and Assigns. (a) 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 (including any Affiliate of the relevant Issuing Bank that issues any
Letter of Credit and any Affiliate of any Lender that makes a Loan), except that (i) the Borrower
may not assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of each Lender (and any attempted assignment or transfer by the Borrower without
such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights
or obligations hereunder except in accordance with this Section. 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 (including any Affiliate of the relevant
Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph
(c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties of each
of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right,
remedy or claim under or by reason of this Agreement.

          (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may 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 and the Loans at the time owing to it) with the prior
written consent (such consent not to be unreasonably withheld or delayed) of:

     (A) the Borrower (provided that the Borrower shall be deemed to have consented
to any such assignment unless it shall object thereto by written notice to the
Administrative Agent within ten (10) Business Days after having received notice
thereof); provided, further, that no consent of the Borrower shall
be required for an assignment to a Lender, an Affiliate of a Lender, an Approved
Fund or, if an Event of Default has occurred and is continuing, any other assignee;
and

62

 

     (B) the Administrative Agent.

     (ii) Assignments shall be subject to the following additional conditions:

     (A) except in the case of an assignment to a Lender or an Affiliate of a Lender
or an Approved Fund or an assignment of the entire remaining amount of the assigning
Lender’s Commitment or Loans, the amount of the Commitment or 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)
shall not be less than $5,000,000 unless each of the Borrower and the Administrative
Agent otherwise consent, provided that no such consent of the Borrower shall
be required if an Event of Default has occurred and is continuing;

     (B) 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;

     (C) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and
recordation fee of $3,500, such fee to be paid by either the assigning Lender or the
assignee Lender or shared between such Lenders; and

     (D) the assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire in which the assignee
designates one or more credit contacts to whom all syndicate-level information
(which may contain material non-public information about the Borrower and its
affiliates and their Related Parties or their
respective securities) will be made available and who may receive such
information in accordance with the assignee’s compliance procedures and applicable
laws, including Federal and state securities laws.

          For the purposes of this Section 9.04(b), the term “Approved Fund” has the following
meaning:

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

     (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
Section, from and after the effective date specified in each Assignment and Assumption the
assignee thereunder shall be a party hereto and, to the extent of the interest assigned by
such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned
by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a party hereto
but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.03).
Any assignment or transfer by a Lender of rights or obligations under this Agreement that
does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a
sale by such Lender of a participation in such rights and obligations in accordance with
paragraph (c) of this Section.

63

 

     (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower,
shall maintain at one of its offices 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
Commitment of, and principal amount of the Loans and LC Disbursements owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive, absent manifest error, and the Borrower, the Administrative
Agent, the Issuing Banks and the Lenders shall treat each Person whose name is recorded in
the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement, notwithstanding notice to the contrary. The Register shall be available for
inspection by the Borrower, any Issuing Bank and any Lender, at any reasonable time and from
time to time upon reasonable prior notice.

     (v) Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire
(unless the assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section and any written consent to such assignment
required by paragraph (b) of this Section, the Administrative Agent shall accept such
Assignment and Assumption and record the information contained therein in the Register;
provided that if either the assigning Lender or the assignee shall have failed to
make any payment required to be made by it pursuant to Section 2.05(c), 2.06(d) or (e),
2.07(b), 2.18(e) or 9.03(c), the Administrative Agent shall have no obligation to accept
such Assignment and Assumption and record the information therein in the Register unless and
until such payment shall have been made in full, together with all accrued interest thereon.
No assignment shall be effective for purposes of this Agreement unless it has been recorded
in the Register as provided in this paragraph.

          (c) Any Lender may, without the consent of the Borrower, the Administrative Agent, the Issuing
Banks or the Swingline Lender (but with notice to the Borrower), sell participations to one or
more banks or other entities (a “Participant”) in all or a portion of such Lender’s
rights and obligations under this Agreement (including all or a portion of its Commitment and the
Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall
remain unchanged; (B) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations; and (C) the Borrower, the Administrative Agent, the Issuing
Banks and the other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. Any agreement or
instrument pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and to approve any amendment, modification or
waiver of any provision of this Agreement; provided that such agreement or instrument may provide
that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver described in the first proviso to Section 9.02(b) that affects such
Participant. The Borrower agrees that each Participant shall, to the fullest extent permitted by
law, be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the requirements and
limitations therein, including the requirements under Section 2.17(f) (it being understood that the
documentation required under Section 2.17(f) shall also be delivered to the participating Lender))
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the
provisions of Sections 2.18 and 2.19 as if it were an assignee under paragraph (b) of this Section;
and (B) shall not be entitled to receive any greater payment under Sections 2.15 or 2.17, with
respect to any participation, than its participating Lender would have been entitled to receive,
except to the extent such entitlement to receive a greater payment results from a Change in Law
that occurs after the Participant acquired the applicable participation. To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a
Lender, provided such Participant agrees to be subject to Section 2.18(d) as though it were a
Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent
of the Borrower,

64

 

maintain a register on which it enters the name and address of each Participant
and the principal amounts (and stated interest) of each Participant’s interest in the Loans or
other obligations under this Agreement (the “Participant Register”); provided that
no Lender shall have any obligation to disclose all or any portion of the Participant Register to
any Person (including the identity of any Participant or any information relating to a
Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under
any this Agreement) except to the extent that such disclosure is necessary to establish that such
Commitment, Loan, Letter of Credit or other obligation is in registered form under Section
5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register
shall be conclusive absent manifest error, and such Lender shall treat each person whose name is
recorded in the Participant Register as the owner of such participation for all purposes of this
Agreement notwithstanding any notice to the contrary.

          (d) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including without limitation
any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall
not apply to any such pledge or assignment of a security interest; provided that no such
pledge or assignment of a security interest shall release a Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

          SECTION 9.05. Survival. All covenants, agreements, representations and warranties
made by the Borrower in the Loan Documents and in the certificates or other instruments delivered
in connection with or pursuant to this Agreement or any other Loan Document shall be considered to
have been relied upon by the other parties hereto and shall survive the execution and delivery of
the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of
any investigation made by any such other party or on its behalf and notwithstanding that the
Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any
Default or incorrect representation or warranty at the time any credit is extended hereunder, and
shall continue in full force
and effect as long as the principal of or any accrued interest on any Loan or any fee or any
other amount payable under this Agreement or any other Loan Document is outstanding and unpaid or
any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated.
The provisions of Sections 2.15, 2.16, 2.17 and 9.03 and Article VIII shall survive and remain in
full force and effect regardless of the consummation of the transactions contemplated hereby, the
repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments
or the termination of this Agreement or any other Loan Document or any provision hereof or thereof.

          SECTION 9.06. Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single
contract. This Agreement, the other Loan Documents and any separate letter agreements with respect
to fees payable to the Administrative Agent constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. 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
which, when taken together, bear the signatures of each of the other parties hereto, and thereafter
shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement
by facsimile or other electronic imaging shall be effective as delivery of a manually executed
counterpart of this Agreement.

65

 

          SECTION 9.07. Severability. Any provision of any Loan Document held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such invalidity, illegality or unenforceability without affecting the
validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.

          SECTION 9.08. Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time
to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final and in whatever currency denominated) at any time
held and other obligations at any time owing by such Lender or Affiliate to or for the credit or
the account of the Borrower against any of and all of the Obligations held by such Lender that are
then due, irrespective of whether or not such Lender shall have made any demand under the Loan
Documents. The rights of each Lender under this Section are in addition to other rights and
remedies (including other rights of setoff) which such Lender may have.

          SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This
Agreement shall be construed in accordance with and governed by the law of the State of New York.

          (b) The Borrower hereby irrevocably and unconditionally submits, for itself and its property,
to the nonexclusive jurisdiction of the Supreme Court 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 any
Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such New York State or, to the extent permitted by law,
in such Federal court. Each of the parties hereto agrees that a final judgment in any such action
or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan
Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may
otherwise have to bring any action or proceeding relating to this Agreement or any other Loan
Document against the Borrower or its properties in the courts of any jurisdiction.

          (c) The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Agreement or 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 law, the defense of an
inconvenient forum to the maintenance of such action or proceeding in any such court.

          (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.01. Nothing in this Agreement or any other Loan Document will
affect the right of any party to this Agreement to serve process in any other manner permitted by
law.

          SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, 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

66

 

NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION.

          SECTION 9.11. Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect
the construction of, or be taken into consideration in interpreting, this Agreement.

          SECTION 9.12. Confidentiality. Each of the Administrative Agent, the Issuing Banks
and the Lenders agrees to maintain the confidentiality of the Information (as defined below),
except that Information may be disclosed (a) to its and its Affiliates’ directors, officers,
employees and agents, including accountants, legal counsel and other advisors (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 (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement,
(e) in connection with the exercise of any remedies under this Agreement or any other Loan Document
or any suit, 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 Issuing Bank or any Lender on a
nonconfidential basis from a source other than the Borrower. For the purposes of this Section,
“Information” means all information received from the Borrower relating to the Borrower or its
business, other than any such information that (x) is available to the Administrative Agent, any
Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Borrower or (y) is
clearly identified by the Borrower at the time of its delivery as not being 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.

          SECTION 9.13. USA PATRIOT Act. Each Lender that is subject to the requirements of
the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the
“Act”) hereby notifies the Borrower that pursuant to the requirements of the Act, it is
required to obtain, verify and record information that identifies the Borrower, which information
includes the name and address of the Borrower and other information that will allow such Lender to
identify the Borrower in accordance with the Act.

[Signature Pages Follow]

67

 

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

	 	 	 	 	 
	 	THOMAS & BETTS CORPORATION,

as the Borrower

 	 
	 	By  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JPMORGAN CHASE BANK, N.A., individually as a Lender,
as the Swingline Lender, as an Issuing Bank and as

Administrative Agent

 	 
	 	By  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, individually

as a Lender, as an Issuing Bank and as Co-Syndication

Agent

 	 
	 	By  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	BANK OF AMERICA, N.A., individually as a Lender, as

an Issuing Bank and as Co-Syndication Agent

 	 
	 	By  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	[OTHER AGENTS AND LENDERS], 	 
	 

Signature Page to Credit Agreement

Thomas & Betts Corporation

 

 

SCHEDULE 2.01

COMMITMENTS

	 	 	 	 	 
	LENDER	 	COMMITMENT	 
	JPMORGAN CHASE BANK, N.A.
	 	$	100,000,000	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	$	75,000,000	 
	BANK OF AMERICA, N.A.
	 	$	75,000,000	 
	CIBC INC.
	 	$	50,000,000	 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
	 	$	50,000,000	 
	HSBC BANK USA, NATIONAL ASSOCIATION
	 	$	50,000,000	 
	KBC BANK N.V.
	 	$	50,000,000	 
	THE NORTHERN TRUST COMPANY
	 	$	50,000,000	 
	AGGREGATE COMMITMENT
	 	$	500,000,000	 

 

 

SCHEDULE 2.02

MANDATORY COST

	1.	 	The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of
compliance with (a) the requirements of the Bank of England and/or the Financial Services
Authority (or, in either case, any other authority which replaces all or any of its functions)
or (b) the requirements of the European Central Bank.
	 
	2.	 	On the first day of each Interest Period (or as soon as possible thereafter) the
Administrative Agent shall calculate, as a percentage rate, a rate (the “Associated Costs
Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory
Cost will be calculated by the Administrative Agent as a weighted average of the Lenders’
Associated Costs Rates (weighted in proportion to the percentage participation of each Lender
in the relevant Loan) and will be expressed as a percentage rate per annum.
	 
	3.	 	The Associated Costs Rate for any Lender lending from a Facility Office in a Participating
Member State will be the percentage notified by that Lender to the Administrative Agent. This
percentage will be certified by that Lender in its notice to the Administrative Agent to be
its reasonable determination of the cost (expressed as a percentage of that Lender’s
participation in all Loans made from that Facility Office) of complying with the minimum
reserve requirements of the European Central Bank in respect of loans made from that Facility
Office.
	 
	4.	 	The Associated Costs Rate for any Lender lending from a Facility Office in the United Kingdom
will be calculated by the Administrative Agent as follows:

	 	(a)	 	in relation to a Loan in Pounds Sterling:

	 	 	 	 	 

	 

	 	AB + C(B-D)+E × 0.01
 

	 	per cent. per annum. 
	 

	 	100 - (A + C)	 	 

	 	(b)	 	in relation to a Loan in any Foreign Currency other than Pounds Sterling:

	 	 	 	 	 	 	 

	 

	 		E × 0.01

 
		 	per cent. per annum. 
	 

	 	 	300	 	 	 

	 	 	Where:

	 	A.	 	is the percentage of Eligible Liabilities (assuming these to be in excess of
any stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.
	 
	 	B.	 	is the percentage rate of interest (excluding the Applicable Rate and the
Mandatory Cost and, if the Loan is an Unpaid Sum, the additional rate of interest
specified in Section 2.13(c)) payable for the relevant Interest Period on the Loan.
	 
	 	C.	 	is the percentage (if any) of Eligible Liabilities which that Lender is
required from time to time to maintain as interest bearing Special Deposits with the
Bank of England.

 

 

	 	D.	 	is the percentage rate per annum payable by the Bank of England to the
Administrative Agent on interest bearing Special Deposits.
	 
	 	E.	 	is designed to compensate Lenders for amounts payable under the Fees Rules and
is calculated by the Administrative Agent as being the average of the most recent rates
of charge supplied by the Reference Banks to the Administrative Agent pursuant to
paragraph 7 below and expressed in pounds per £1,000,000.

	5.	 	For the purposes of this Schedule:

	 	(a)	 	“Eligible Liabilities” and “Special Deposits” have the meanings given to them
from time to time under or pursuant to the Bank of England Act 1998 or (as may be
appropriate) by the Bank of England;
	 
	 	(b)	 	“Facility Office” means the office or offices notified by a Lender to the
Administrative Agent in writing on or before the date it becomes a Lender (or,
following that date, by not less than five Business Days’ written notice) as the office
or offices through which it will perform its obligations under this Agreement.
	 
	 	(c)	 	“Fees Rules” means the rules on periodic fees contained in the Financial
Services Authority Fees Manual or such other law or regulation as may be in force from
time to time in respect of the payment of fees for the acceptance of deposits;
	 
	 	(d)	 	“Fee Tariffs” means the fee tariffs specified in the Fees Rules under the
activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee
required pursuant to the Fees Rules but taking into account any applicable discount
rate);
	 
	 	(e)	 	“Participating Member State” means any member state of the European Union that
adopts or has adopted the euro as its lawful currency in accordance with legislation of
the European Union relating to economic and monetary union.
	 
	 	(f)	 	“Reference Banks” means, in relation to Mandatory Cost, the principal London
offices of JPMorgan Chase Bank, N.A.
	 
	 	(g)	 	“Tariff Base” has the meaning given to it in, and will be calculated in
accordance with, the Fees Rules.
	 
	 	(h)	 	“Unpaid Sum” means any sum due and payable but unpaid by the Borrower under the
Loan Documents.

	6.	 	In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5 per cent. will be included in the formula as 5 and not as 0.05). A
negative result obtained by subtracting D from B shall be taken as zero. The resulting
figures shall be rounded to four decimal places.

	7.	 	If requested by the Administrative Agent, each Reference Bank shall, as soon as practicable
after publication by the Financial Services Authority, supply to the Administrative Agent, the
rate of charge payable by that Reference Bank to the Financial Services Authority pursuant to
the Fees Rules in respect of the relevant financial year of the Financial Services Authority
(calculated for this purpose by that Reference Bank as being the average of the Fee Tariffs
applicable to that

2

 

	 	 	Reference Bank for that financial year) and expressed in pounds per £1,000,000 of the Tariff
Base of that Reference Bank.

	8.	 	Each Lender shall supply any information required by the Administrative Agent for the purpose
of calculating its Associated Costs Rate. In particular, but without limitation, each Lender
shall supply the following information on or prior to the date on which it becomes a Lender:

	 	(a)	 	the jurisdiction of its Facility Office; and
	 
	 	(b)	 	any other information that the Administrative Agent may reasonably require for
such purpose.

	 	 	Each Lender shall promptly notify the Administrative Agent of any change to the information
provided by it pursuant to this paragraph.

	9. 	 	The percentages of each Lender for the purpose of A and C above and the rates of charge of
each Reference Bank for the purpose of E above shall be determined by the Administrative Agent
based upon the information supplied to it pursuant to paragraphs 7 and 8 above and on the
assumption that, unless a Lender notifies the Administrative Agent to the contrary, each
Lender’s obligations in relation to cash ratio deposits and Special Deposits are the same as
those of a typical bank from its jurisdiction of incorporation with a Facility Office in the
same jurisdiction as its Facility Office.

	10.	 	The Administrative Agent shall have no liability to any person if such determination results
in an Associated Costs Rate which over or under compensates any Lender and shall be entitled
to assume that the information provided by any Lender or Reference Bank pursuant to paragraphs
3, 7 and 8 above is true and correct in all respects.

	11.	 	The Administrative Agent shall distribute the additional amounts received as a result of the
Mandatory Cost to the Lenders on the basis of the Associated Costs Rate for each Lender based
on the information provided by each Lender and each Reference Bank pursuant to paragraphs 3, 7
and 8 above.

	12.	 	Any determination by the Administrative Agent pursuant to this Schedule in relation to a
formula, the Mandatory Cost, an Associated Costs Rate or any amount payable to a Lender shall,
in the absence of manifest error, be conclusive and binding on all parties hereto.

	13.	 	The Administrative Agent may from time to time, after consultation with the Borrower and the
relevant Lenders, determine and notify to all parties hereto any amendments which are required
to be made to this Schedule 2.02 in order to comply with any change in law, regulation or any
requirements from time to time imposed by the Bank of England, the Financial Services
Authority or the European Central Bank (or, in any case, any other authority which replaces
all or any of its functions) and any such determination shall, in the absence of manifest
error, be conclusive and binding on all parties hereto.

3

 

SCHEDULE 2.06

EXISTING WELLS LETTERS OF CREDIT

	 	 	 	 	 	 	 	 	 	 	 
	Letter of Credit No.	 	Balance	 	 	Issue Date	 	Expiry Date	 	Deemed Issuance Date
	870-100241
	 	$	45,000.00	 	 	6/3/2002	 	5/1/2012	 	3/26/2012
	968-093121
	 	$	500,000.00	 	 	6/3/2002	 	12/31/2011	 	8/26/2011
	968-093126
	 	$	6,378,172.00	 	 	6/3/2002	 	3/30/2012	 	12/23/2011
	SM235309
	 	$	40,000.00	 	 	7/24/2009	 	8/5/2012	 	5/29/2012
	SM235375
	 	$	1,267,421.00	 	 	7/31/2009	 	8/8/2012	 	4/3/2012
	SM236354
	 	$	227,900.00	 	 	12/24/2009	 	12/31/2011	 	11/24/2011
	SM236356
	 	$	8,438,859.00	 	 	12/24/2009	 	12/31/2011	 	10/25/2011
	SM236815
	 	$	653,400.00	 	 	3/16/2010	 	9/6/2011	 	Effective Date
	SM236819
	 	$	3,191,096.00	 	 	3/17/2010	 	9/6/2011	 	Effective Date
	SM236825
	 	$	344,215.00	 	 	3/17/2010	 	9/6/2011	 	Effective Date

 

 

EXHIBIT A

FORM OF BORROWING REQUEST

JPMorgan Chase Bank, N.A.,

     as Administrative Agent

     for the Lenders referred to below

10 South Dearborn

Chicago, IL 60603

Attention: April Yebd

Fax: (888) 292-9533

	 	Re: 	 	Thomas & Betts Corporation

[Date]

Ladies and Gentlemen:

     Reference is made to the Credit Agreement dated as of August 11, 2011 (as the same may be
amended, restated, supplemented or otherwise modified from time to time) among Thomas & Betts
Corporation, a Tennessee corporation (the “Borrower”), the financial institutions party
thereto from time to time as Lenders (the “Lenders”), and JPMorgan Chase Bank, N.A., as
administrative agent (in such capacity, the “Administrative Agent”) for the Lenders. The
Borrower hereby gives you notice pursuant to Section 2.03 of the Credit Agreement that it requests
a Revolving Borrowing under the Credit Agreement, and in that connection the Borrower specifies the
following information with respect to such Revolving Borrowing requested hereby:

	1.	 	Aggregate principal amount of Borrowing:1 _________

	2.	 	Date of Borrowing (which shall be a Business Day): _________

	3.	 	Type of Borrowing (ABR or Eurocurrency): _________

	4.	 	Interest Period and the last day thereof (if a Eurocurrency Borrowing):2
_________

	5.	 	Agreed Currency: __________________

	6.	 	Location and number of Borrower’s account or any other account agreed upon by the
Administrative Agent and the Borrower to which proceeds of Borrowing are to be disbursed:
_______________________

     The Borrower hereby represents and warrants that the conditions to lending specified in
Section 4.02 of the Credit Agreement are satisfied as of the date hereof.

 

			
	1	 	Not less than applicable amounts specified in
Section 2.02(c).
	 
	2	 	Which must comply with the definition of
“Interest Period” and end not later than the Maturity Date.

 

 

	 	 	 	 	 
	 	Very truly yours,

THOMAS & BETTS CORPORATION, as Borrower

 	 
	 	By:  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT B

FORM OF INTEREST ELECTION REQUEST

JPMorgan Chase Bank, N.A.,

      as Administrative Agent

      for the Lenders referred to below

10 South Dearborn

Chicago, IL 60603

Attention: April Yebd

Fax: (888) 292-9533

	 	Re: 	 	Thomas & Betts Corporation

[Date]

Ladies and Gentlemen:

     Reference is made to the Credit Agreement dated as of August 11, 2011 (as the same may be
amended, restated, supplemented or otherwise modified from time to time) among Thomas & Betts
Corporation, a Tennessee corporation (the “Borrower”), the financial institutions party
thereto from time to time as Lenders (the “Lenders”), and JPMorgan Chase Bank, N.A., as
administrative agent (in such capacity, the “Administrative Agent”) for the Lenders. The
Borrower hereby gives you notice pursuant to Section 2.08 of the Credit Agreement that it requests
to convert an existing Revolving Borrowing under the Credit Agreement, and in that connection the
Borrower specifies the following information with respect to such conversion requested hereby:

	1.	 	List Type, principal amount, Agreed Currency and last date of Interest Period (if applicable)
of existing Borrowing: _________

	2.	 	Aggregate principal amount of resulting Borrowing: _________

	3.	 	Effective date of interest election (which shall be a Business Day): _________

	4.	 	Type of resulting Borrowing (ABR or Eurocurrency): _________

	5.	 	Interest Period of resulting Borrowing and the last day thereof (if a Eurocurrency
Borrowing):3 _________

	6.	 	Agreed Currency: _______________

 

			
	3	 	Which must comply with the definition of
“Interest Period” and end not later than the Maturity Date.

 

 

	 	 	 	 	 
	 	Very truly yours,

THOMAS & BETTS CORPORATION, as Borrower

 	 
	 	By:  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT C

ASSIGNMENT AND ASSUMPTION

          This Assignment and Assumption (the “Assignment and Assumption”) is dated as
of the Effective Date set forth below and is entered into by and between [Insert name of Assignor]
(the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms
used but not defined herein shall have the meanings given to them in the Credit Agreement
identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached
hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment
and Assumption as if set forth herein in full.

          For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and obligations of the
Assignor under the respective facilities identified below (including any letters of credit,
guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii)
above being referred to herein collectively as the “Assigned Interest”). Such sale and
assignment is without recourse to the Assignor and, except as expressly provided in this Assignment
and Assumption, without representation or warranty by the Assignor.

	 	 	 	 	 

	1.

	 	Assignor:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	2.

	 	Assignee:	 	 
	 

	 	 	 	 
	 

	 	 	 	[and is an Affiliate/Approved
Fund of [identify Lender]1]
	 
	 	 	 	 
	3.

	 	Borrower(s):
	 	Thomas & Betts Corporation
	 

	 	 	 	 
	 
	 	 	 	 
	4.

	 	Administrative Agent:
	 	JPMorgan Chase Bank, N.A., as the administrative agent under the Credit
Agreement
	 
	 	 	 	 
	5.

	 	Credit Agreement:
	 	The Credit Agreement dated as of August 11, 2011 among Thomas & Betts
Corporation, the Lenders parties thereto, JPMorgan Chase Bank, N.A., as
Administrative Agent, and the other agents parties thereto

 

			
	1	 	Select as applicable.

 

 

	6.	 	Assigned Interest:

	 	 	 	 	 
	Aggregate Amount of	 	 	 	 
	Commitment/Loans for all	 	Amount of Commitment/	 	Percentage Assigned of
	Lenders	 	Loans Assigned	 	Commitment/Loans2
	$
	 	$
	 	%
	$
	 	$
	 	%
	$
	 	$
	 	%

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

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

	 	 	 	 	 
	 	ASSIGNOR

[NAME OF ASSIGNOR]

 	 
	 	By  	/s/
 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	ASSIGNEE

[NAME OF ASSIGNEE]

 	 
	 	By  	/s/
 	 
	 	 	Title: 	 
	 	 	 	 
	 

Consented to and Accepted:

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

 	 
	 	By  	/s/
 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	[Consented
to:]3

THOMAS & BETTS CORPORATION

 	 
	 	By  	/s/
 	 
	 	 	Title: 	 
	 	 	 	 
	 

 

			
	2	 	Set forth, so at least 9 decimals, as a
percentage of the Commitment/Loans of all Lenders thereunder.
	 
	3	 	To be added only if the consent of the
Borrower is required by the terms of the Credit Agreement.

2

 

ANNEX I

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

          1. Representations and Warranties.

          1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any
statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in
respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Loan Document.

          1.2 Assignee. The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement
that are required to be satisfied by it in order to acquire the Assigned Interest and become a
Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the
obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together
with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as
applicable, and such other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Assignment and Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and
without reliance on the Administrative Agent or any other Lender, and (v) if it is a Non-U.S.
Lender, attached to the Assignment and Assumption is any documentation required to be delivered by
it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and
(b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the
Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action
under the Loan Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender.

          2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees
and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective
Date and to the Assignee for amounts which have accrued from and after the Effective Date.

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

 

 

Assumption. This Assignment and Assumption shall be governed by, and construed in accordance
with, the law of the State of New York.

2

 

EXHIBIT D-1

OPINION OF SPECIAL NEW YORK COUNSEL FOR THE BORROWER

[Attached]

 

 

EXHIBIT D-2

OPINION OF SPECIAL TENNESSEE COUNSEL FOR THE BORROWER

[Attached]

 

 

EXHIBIT E

FORM OF INCREASING LENDER SUPPLEMENT

          INCREASING LENDER SUPPLEMENT, dated as of __________, 20___ (this “Supplement”), by
and among each of the signatories hereto, to the Credit Agreement, dated as of August 11, 2011 (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among Thomas & Betts Corporation (the “Borrower”), the Lenders party
thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the
“Administrative Agent”).

W I T N E S S E T H

          WHEREAS, pursuant to Section 2.20 of the Credit Agreement, the Borrower has the right,
subject to the terms and conditions thereof, to effectuate from time to time an increase in the
Aggregate Commitment and/or one or more tranches of Incremental Term Loans under the Credit
Agreement by requesting one or more Lenders to increase the amount of its Commitment and/or to
participate in such a tranche;

          WHEREAS, the Borrower has given notice to the Administrative Agent of its intention to
[increase the Aggregate Commitment] [and] [enter into a tranche of Incremental Term Loans] pursuant
to such Section 2.20; and

          WHEREAS, pursuant to Section 2.20 of the Credit Agreement, the undersigned Increasing
Lender now desires to [increase the amount of its Commitment] [and] [participate in a tranche of
Incremental Term Loans] under the Credit Agreement by executing and delivering to the Borrower and
the Administrative Agent this Supplement;

          NOW, THEREFORE, each of the parties hereto hereby agrees as follows:

          1. The undersigned Increasing Lender agrees, subject to the terms and conditions of the
Credit Agreement, that on the date of this Supplement it shall [have its Commitment increased by
$[__________], thereby making the aggregate amount of its total Commitments equal to $[__________]]
[and] [participate in a tranche of Incremental Term Loans with a commitment amount equal to
$[__________] with respect thereto].

          2. The Borrower hereby represents and warrants that no Default or Event of Default has
occurred and is continuing on and as of the date hereof.

          3. Terms defined in the Credit Agreement shall have their defined meanings when used herein.

          4. This Supplement shall be governed by, and construed in accordance with, the laws of the
State of New York.

          5. This Supplement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same document.

 

 

          IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be executed and
delivered by a duly authorized officer on the date first above written.

	 	 	 	 	 
	 	[INSERT NAME OF INCREASING LENDER]

 	 
	 	By:  	
/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Accepted and agreed to as of the date first written above:

	 	 	 	 	 
	 	THOMAS & BETTS CORPORATION

 	 
	 	By  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged as of the date first written above:

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

as Administrative Agent

 	 
	 	By  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

EXHIBIT F

FORM OF AUGMENTING LENDER SUPPLEMENT

          AUGMENTING LENDER SUPPLEMENT, dated as of __________, 20___ (this “Supplement”), to
the Credit Agreement, dated as of August 11, 2011 (as amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among Thomas & Betts Corporation (the
“Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative
agent (in such capacity, the “Administrative Agent”).

W I T N E S S E T H

          WHEREAS, the Credit Agreement provides in Section 2.20 thereof that any bank, financial
institution or other entity may [extend Commitments] [and] [participate in tranches of Incremental
Term Loans] under the Credit Agreement subject to the approval of the Borrower and the
Administrative Agent, by executing and delivering to the Borrower and the Administrative Agent a
supplement to the Credit Agreement in substantially the form of this Supplement; and

          WHEREAS, the undersigned Augmenting Lender is not currently a party to the Credit Agreement
but now desires to become a party thereto;

          NOW, THEREFORE, each of the parties hereto hereby agrees as follows:

          1. The undersigned Augmenting Lender agrees to be bound by the provisions of the Credit
Agreement and agrees that it shall, on the date of this Supplement, become a Lender for all
purposes of the Credit Agreement to the same extent as if originally a party thereto, with a
[Commitment with respect to Revolving Loans of $[__________]] [and] [a commitment with respect to
Incremental Term Loans of $[__________]].

          2. The undersigned Augmenting Lender (a) represents and warrants that it is legally
authorized to enter into this Supplement; (b) confirms that it has received a copy of the Credit
Agreement, together with copies of the most recent financial statements delivered pursuant to
Section 5.01 thereof, as applicable, and has reviewed such other documents and information
as it has deemed appropriate to make its own credit analysis and decision to enter into this
Supplement; (c) agrees that it will, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking action under the
Credit Agreement or any other instrument or document furnished pursuant hereto or thereto; (d)
appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to
exercise such powers and discretion under the Credit Agreement or any other instrument or document
furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms
thereof, together with such powers as are incidental thereto; and (e) agrees that it will be bound
by the provisions of the Credit Agreement and will perform in accordance with its terms all the
obligations which by the terms of the Credit Agreement are required to be performed by it as a
Lender.

          3. The undersigned’s address for notices for the purposes of the Credit Agreement is as
follows:

               [___________]

 

 

          4. The Borrower hereby represents and warrants that no Default or Event of Default has
occurred and is continuing on and as of the date hereof.

          5. Terms defined in the Credit Agreement shall have their defined meanings when used herein.

          6. This Supplement shall be governed by, and construed in accordance with, the laws of the
State of New York.

          7. This Supplement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same document.

[remainder of this page intentionally left blank]

2

 

          IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be executed and
delivered by a duly authorized officer on the date first above written.

	 	 	 	 	 
	 	[INSERT NAME OF AUGMENTING LENDER]

 	 
	 	By:  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Accepted and agreed to as of the date first written above:

	 	 	 	 	 
	 	THOMAS & BETTS CORPORATION

 	 
	 	By  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged as of the date first written above:

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

as Administrative Agent

 	 
	 	By  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

3

 

EXHIBIT G-1

FORM OF U.S. TAX CERTIFICATE

     (For Non-U.S. Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)

     Reference is hereby made to the Credit Agreement dated as of August 11, 2011 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Thomas
& Betts Corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank,
N.A., as administrative agent (in such capacity, the “Administrative Agent”).

     Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby
certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any
Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is
not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent
shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not
a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of
the Code and (v) the interest payments in question are not effectively connected with the
undersigned’s conduct of a U.S. trade or business.

     The undersigned has furnished the Administrative Agent and the Borrower with a certificate of
its non-U.S. person status on IRS Form W-8BEN. By executing this certificate, the undersigned
agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform the Borrower and the Administrative Agent and (2) the undersigned shall have at
all times furnished the Borrower and the Administrative Agent with a properly completed and
currently effective certificate in either the calendar year in which each payment is to be made to
the undersigned, or in either of the two calendar years preceding such payments.

     Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement.

	 	 	 	 	 
	 	[NAME OF LENDER]

 	 
	 	By:  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Date: ________ __, 20[__]

 

 

EXHIBIT G-2

FORM OF U.S. TAX CERTIFICATE

(For Non-U.S. Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

     Reference is hereby made to the Credit Agreement dated as of August 11, 2011 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Thomas
& Betts Corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank,
N.A., as administrative agent (in such capacity, the “Administrative Agent”).

     Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby
certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing
such Loan(s)) in respect of which it is providing this certificate, (ii) its partners/members are
the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii)
with respect to the extension of credit pursuant to this Credit Agreement, neither the undersigned
nor any of its partners/members is a bank extending credit pursuant to a loan agreement entered
into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of
the Code, (iv) none of its partners/members is a ten percent shareholder of the Borrower within the
meaning of Section 871(h)(3)(B) of the Code, (v) none of its partners/members is a controlled
foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code, and
(vi) the interest payments in question are not effectively connected with the undersigned’s or its
partners/members’ conduct of a U.S. trade or business.

     The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY
accompanied by an IRS Form W-8BEN from each of its partners/members claiming the portfolio interest
exemption. By executing this certificate, the undersigned agrees that (1) if the information
provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the
Administrative Agent and (2) the undersigned shall have at all times furnished the Borrower and the
Administrative Agent with a properly completed and currently effective certificate in either the
calendar year in which each payment is to be made to the undersigned, or in either of the two
calendar years preceding such payments.

     Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement.

	 	 	 	 	 
	 	[NAME OF LENDER]

 	 
	 	By:  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Date: ________ __, 20[__]

 

 

EXHIBIT G-3

FORM OF U.S. TAX CERTIFICATE

(For Non-U.S. Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)

     Reference is hereby made to the Credit Agreement dated as of August 11, 2011 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Thomas & Betts
Corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as
administrative agent (in such capacity, the “Administrative Agent”).

     Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby
certifies that (i) it is the sole record and beneficial owner of the participation in respect of
which it is providing this certificate, (ii) it is not a bank within the meaning of Section
881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the
meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a controlled foreign corporation
related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (v) the interest
payments in question are not effectively connected with the undersigned’s conduct of a U.S. trade
or business.

     The undersigned has furnished its participating Lender with a certificate of its non- U.S.
person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1)
if the information provided on this certificate changes, the undersigned shall promptly so inform
such Lender in writing and (2) the undersigned shall have at all times furnished such Lender with a
properly completed and currently effective certificate in either the calendar year in which each
payment is to be made to the undersigned, or in either of the two calendar years preceding such
payments.

     Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement.

	 	 	 	 	 
	 	[NAME OF LENDER]

 	 
	 	By:  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Date: ________ __, 20[__]

 

 

EXHIBIT G-4

FORM OF U.S. TAX CERTIFICATE

(For Non-U.S. Participants That Are Partnerships For U.S. Federal Income Tax Purposes)

     Reference is hereby made to the Credit Agreement dated as of August 11, 2011 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Thomas
& Betts Corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank,
N.A., as administrative agent (in such capacity, the “Administrative Agent”).

     Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby
certifies that (i) it is the sole record owner of the participation in respect of which it is
providing this certificate, (ii) its partners/members are the sole beneficial owners of such
participation, (iii) with respect such participation, neither the undersigned nor any of its
partners/members is a bank extending credit pursuant to a loan agreement entered into in the
ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its partners/members is a ten percent shareholder of the Borrower within the meaning
of Section 871(h)(3)(B) of the Code, (v) none of its partners/members is a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) the
interest payments in question are not effectively connected with the undersigned’s or its
partners/members’ conduct of a U.S. trade or business.

     The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by an
IRS Form W-8BEN from each of its partners/members claiming the portfolio interest exemption. By
executing this certificate, the undersigned agrees that (1) if the information provided on this
certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned
shall have at all times furnished such Lender with a properly completed and currently effective
certificate in either the calendar year in which each payment is to be made to the undersigned, or
in either of the two calendar years preceding such payments.

     Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement.

	 	 	 	 	 
	 	[NAME OF PARTICIPANT]

 	 
	 	By:  	/s/
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Date: ________ __, 20[__]

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