Document:

MEDIA AGREEMENT

Monday, June 9, 2003

Mr. William J. Reilly
President
Suncoast Naturals, Inc.
5422 Carrier Drive
Orlando, FL 32819
Ph: 561-995-4625
Fax: 561-995-4626

Re:  Newspaper and Radio Campaign Rollout for Suncoast Naturals, Inc.

NewsUSA is pleased to present this offer to distribute your nationally
syndicated newspaper features to 10,250 daily and weekly newspapers, news and
wire services. Our services will include: feature consultation and development,
writing and editing, printing, delivery, clippings and readership reports
including comparable advertising space value reports. You will have final
approval on all copy.

Your features will be distributed on computer disks, by direct electronic feed,
in camera-ready format, and will be placed on the Internet via NewsUSA's
homepage. News USA will deliver clipping reports beginning ten (10) weeks after
media pick up; these reports will continue to be sent on a monthly basis for one
(1) calendar year from delivery (date feature was distributed).

Although public relations placement is subject to individual editorial
discretion, NewsUSA offers the following courtesy guarantee: each print feature
must receive placements in at least one hundred (100) newspapers [twenty-five
(25) actual clips received]. If the placements do not equate this number of
actual clips within a six (6) month period, NewsUSA will re-write and/or
re-distribute that feature at no cost to you.

Companion Radio. NewsUSA will create radio broadcast news features and
distribute them to 6,600 radio stations nationwide. Our services will include:
feature consultation and development, writing and editing, delivery, tracking
and coverage reports based on station verification. You will have final approval
on all copy and agree to hold harmless and defend NewsUSA from its content and
publication.

Our  rates are the following:

50 two-column print features, including Internet distribution via
the NU homepage @ $5,000 each..........................................$250,000
50 radio features @ $5,000 each....................................... $250,000
Subtotal...............................................................$500,000

<PAGE>

PROPOSAL/LETTER OF AGREEMENT                                           Page Two
Re:  Newspaper and Radio Campaign
Monday, June 9, 2003
Mr. William J. Reilly, Suncoast Naturals

Payment for contract will consist of $250,000 in cash and $250,000 in equity.
The cash portion of the contract will be paid as follows: $5,000 will be due
upon contract signing and $2,500 will be due with each feature. NewsUSA will
also receive 100,000 shares and 200,000 $1 Registered Warrants based upon a
schedule to be mutually agreed by the parties, except that 50,000 $1 Registered
Warrants will be due upon contract signing and is non-refundable as
consideration for NewsUSA to enter into this contract.

In addition, client agrees to use and/or pay for features at a pace of no less
than 6 newspaper and/or 6 radio features every 3 months beginning with the first
day of November, 2003. Client may, however, use and pay for more features sooner
at their discretion. Client agrees to pay upon receipt of invoice for each
feature at ($5,000 less credit for equity of half) $2,500 each. For any invoice
where payment is received more than 15 calendar days from date of invoice,
client will not benefit from the credit for equity and will pay the full $5,000
per feature.

Client will pay in accordance with the terms of this Agreement or News USA will
put all remaining work on hold and be entitled to all money due under the full
contract and all attorney and collections fees plus 1.5% interest per month
interest paid in cash on the outstanding balance as indicated above. Once News
USA has been paid in full for entire amount of the contract, News USA will
resume with the fulfillment of its work as specified under the terms of the
contract. This agreement shall be governed and judged by the laws of the State
of Virginia.

Please indicate your acceptance of this Agreement by signing below, then please
fax the original at your earliest convenience to:

Rick Smith
CEO
NewsUSA
250 East 54th Street
New York, NY 10022
Ph: 212-599-9200
Fax: 212-758-9625

Agreed and Accepted:

Client: William Reilly
        -------------
Date: July 15, 2003

Agreed:

NewsUSA Inc.: Rick Smith
             -----------
Date: July 18, 2003Exhibit
4.1

 

$1,000,000,000

 

FIVE YEAR CREDIT
AGREEMENT

 

dated as of

 

August 29, 2003

 

among

 

HILTON HOTELS
CORPORATION

 

The Lenders
Referred to Herein,

 

BANK OF AMERICA,
N.A.,

as the Administrative Agent,

 

THE BANK OF NEW
YORK, 

as the Syndication Agent,

 

WACHOVIA BANK,
NATIONAL ASSOCIATION

and

BNP PARIBAS,

as the Co-Documentation Agents

 

and

 

THE BANK OF NOVA
SCOTIA,

CREDIT LYONNAIS NEW YORK BRANCH

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as the Senior Managing Agents

 

 

BANC OF AMERICA
SECURITIES LLC,

as Joint Lead Arranger and Sole Book Manager

 

and

 

BNY CAPITAL
MARKETS, INC.,

as Joint Lead Arranger

 

 

TABLE
OF CONTENTS

 

	
  ARTICLE 1

  	
  DEFINITIONS

  
	
  1.01

  	
  Definitions

  
	
  1.02

  	
  Accounting Terms
  and Determinations

  
	
  1.03

  	
  Types of
  Borrowings

  
	
  ARTICLE 2

  	
  THE
  CREDITS

  
	
  2.01

  	
  Commitments
  to Lend

  
	
  2.02

  	
  Notice of Committed
  Borrowings

  
	
  2.03

  	
  [Intentionally
  Omitted]

  
	
  2.04

  	
  Swing Line
  Loans

  
	
  2.05

  	
  Conversion
  and Continuation of Committed Loans

  
	
  2.06

  	
  Notice to Lenders;
  Funding of Loans

  
	
  2.07

  	
  Notes

  
	
  2.08

  	
  Interest Rates

  
	
  2.09

  	
  Administrative Agency Fees

  
	
  2.10

  	
  Upfront Fees

  
	
  2.11

  	
  Unused Fees

  
	
  2.12

  	
  Letter
  of Credit Fees

  
	
  2.13

  	
  Optional
  Termination or Reduction of Commitments by Borrower

  
	
  2.14

  	
  Optional
  Termination or Reduction of Commitments by the Lenders

  
	
  2.15

  	
  Scheduled
  Termination of Commitments

  
	
  2.16

  	
  Optional
  Prepayments

  
	
  2.17

  	
  General Provisions as
  to Payments

  
	
  2.18

  	
  Funding Losses

  
	
  2.19

  	
  Computation of
  Interest and Fees

  
	
  2.20

  	
  Withholding Tax Exemption

  
	
  2.21

  	
  Letters of
  Credit

  
	
  2.22

  	
  Regulation D Compensation

  
	
  2.23

  	
  Extension of Termination
  Date

  
	
  2.24

  	
  Increased
  Commitments; Additional Lenders

  

 

i

 

	
  ARTICLE 3

  	
  CONDITIONS

  
	
  3.01

  	
  Borrowings
  and Issuances of Letters of Credit

  
	
  3.02

  	
  Effective Date

  
	
  ARTICLE 4

  	
  REPRESENTATIONS
  AND WARRANTIES

  
	
  4.01

  	
  Corporate Existence and
  Power

  
	
  4.02

  	
  Corporate
  and Governmental Authorization; Contravention

  
	
  4.03

  	
  Binding Effect

  
	
  4.04

  	
  Financial
  Information

  
	
  4.05

  	
  Litigation

  
	
  4.06

  	
  Compliance
  with ERISA

  
	
  4.07

  	
  Taxes

  
	
  4.08

  	
  Significant
  Subsidiaries

  
	
  4.09

  	
  Not
  an Investment Company

  
	
  4.10

  	
  Environmental
  Matters

  
	
  4.11

  	
  Full Disclosure

  
	
  4.12

  	
  Tax
  Shelter Regulations

  
	
  ARTICLE 5

  	
  COVENANTS

  
	
  5.01

  	
  Information

  
	
  5.02

  	
  Maintenance of
  Property; Insurance

  
	
  5.03

  	
  Conduct
  of Business and Maintenance of Existence

  
	
  5.04

  	
  Compliance
  with Laws

  
	
  5.05

  	
  Inspection of
  Property, Books and Records

  
	
  5.06

  	
  Negative Pledge

  
	
  5.07

  	
  Consolidations,
  Mergers and Sales of Assets

  
	
  5.08

  	
  Use of Proceeds

  
	
  5.09

  	
  Leverage Ratio

  
	
  5.10

  	
  Interest
  Coverage Ratio

  
	
  ARTICLE 6

  	
  DEFAULTS

  
	
  6.01

  	
  Events of
  Default

  
	
  6.02

  	
  Notice of
  Default

  

 

ii

 

	
  6.03

  	
  Cash Cover

  
	
  ARTICLE 7

  	
  THE
  ADMINISTRATIVE AGENT

  
	
  7.01

  	
  Appointment
  and Authorization of Administrative Agent

  
	
  7.02

  	
  Delegation
  of Duties

  
	
  7.03

  	
  Liability of
  Administrative Agent

  
	
  7.04

  	
  Reliance by
  Administrative Agent

  
	
  7.05

  	
  Notice of
  Default

  
	
  7.06

  	
  Credit
  Decision; Disclosure of Information by Administrative Agent

  
	
  7.07

  	
  Indemnification
  of Administrative Agent

  
	
  7.08

  	
  Administrative
  Agent in its Individual Capacity

  
	
  7.09

  	
  Successor Administrative
  Agent

  
	
  7.10

  	
  Administrative
  Agent May File Proofs of Claim

  
	
  7.11

  	
  Other Agents;
  Arrangers and Managers

  
	
  ARTICLE 8

  	
  CHANGE
  IN CIRCUMSTANCES

  
	
  8.01

  	
  Basis
  for Determining Interest Rate Inadequate or Unfair

  
	
  8.02

  	
  Illegality

  
	
  8.03

  	
  Increased Cost and
  Reduced Return

  
	
  8.04

  	
  Base
  Rate Loans Substituted for Affected Euro-Dollar Loans

  
	
  ARTICLE 9

  	
  MISCELLANEOUS

  
	
  9.01

  	
  Notices

  
	
  9.02

  	
  No Waivers

  
	
  9.03

  	
  Expenses;
  Documentary Taxes; Indemnification

  
	
  9.04

  	
  Amendments
  and Waivers

  
	
  9.05

  	
  Successors
  and Assigns

  
	
  9.06

  	
  New York Law;
  Submission to Jurisdiction

  
	
  9.07

  	
  Counterparts; Integration

  
	
  9.08

  	
  Several
  Obligations

  
	
  9.09

  	
  Sharing of
  Set-Offs

  
	
  9.10

  	
  WAIVER
  OF JURY TRIAL

  

 

iii

 

Schedules:

 

Pricing Schedule

 

Exhibits:

 

	
  Exhibit A

  	
   

  	
  -

  	
   

  	
  Compliance Certificate

  
	
  Exhibit B

  	
   

  	
  -

  	
   

  	
  Form of Note

  
	
  Exhibit C

  	
   

  	
  -

  	
   

  	
  Pricing Certificate

  
	
  Exhibit D

  	
   

  	
  -

  	
   

  	
  Form of Notice of
  Committed Borrowing

  
	
  Exhibit E

  	
   

  	
  -

  	
   

  	
  Opinion of Gibson, Dunn
  & Crutcher, LLP

  
	
  Exhibit F

  	
   

  	
  -

  	
   

  	
  Assignment and
  Assumption Agreement

  
	
  Exhibit G

  	
   

  	
  -

  	
   

  	
  Extension Agreement

  

 

iv

 

FIVE YEAR CREDIT AGREEMENT

 

FIVE YEAR CREDIT
AGREEMENT dated as of August 29, 2003, among HILTON HOTELS CORPORATION
(“Borrower”), the Lenders who are parties hereto from time to time, BANK OF
AMERICA, N.A., as Administrative Agent, THE BANK OF NEW YORK, as Syndication
Agent, WACHOVIA BANK, NATIONAL ASSOCIATION and BNP PARIBAS, as Co-Documentation
Agents and THE BANK OF NOVA SCOTIA, CREDIT LYONNAIS NEW YORK BRANCH and WELLS
FARGO BANK, NATIONAL ASSOCIATION, as the Senior Managing Agents.  The parties hereto agree as follows:

 

ARTICLE 1

DEFINITIONS

 

1.01         Definitions.  The following terms, as used herein, have
the following meanings:

 

“Additional Lender” has
the meaning set forth in Section 2.24(b).

 

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

 

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

 

“Affiliate” means, as to
any Person, any other Person which directly or indirectly controls, or is under
common control with, or is controlled by, such Person.  As used in this definition, “control” (and
the correlative terms, “controlled by” and “under common control with”) shall
mean possession, directly or indirectly, of power to direct or cause the
direction of management or policies (whether through ownership of securities or
partnership or other ownership interests, by contract or otherwise); provided
that, in any event, any Person that owns, directly or indirectly, 25% or more
of the securities having ordinary voting power for the election of directors or
other governing body of a corporation, or 25% or more of the partnership or
other ownership interests of any other Person, will be deemed to control such
corporation or other Person.

 

“Agent-Related Persons”
means the Administrative Agent, together with its Affiliates (including, in the
case of Bank of America in its capacity as the Administrative Agent, Banc of
America Securities LLC), and the officers, directors, employees, agents and
attorneys-in-fact of such Persons and Affiliates.

 

“Agreement” means this
Five Year Credit Agreement, either as originally executed or as it may from
time to time be supplemented, modified, amended, restated or extended.

 

“Allocation Notice” means
a written communication submitted to each Lender by the Joint Lead Arrangers
prior to the date hereof, setting forth the allocated Commitment of each Lender
as of the Effective Date.

 

1

 

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

 

“Applicable Unused Rate”
has the meaning set forth on the Pricing Schedule.

 

“Approved Fund” has the
meaning set forth in Section 9.05(g).

 

“Assignment Agreement” means
an Assignment and Assumption substantially in the form of Exhibit F.

 

“Attorney Costs” means
and includes all reasonable fees, expenses and disbursements of any law firm
engaged to represent, or other external counsel to, the Administrative Agent
(or, if the context clearly so requires, any Lender or any Indemnitee) in
connection herewith or the transactions contemplated hereby.

 

“Authorized Officer”
means any of the controller, the treasurer or the chief financial officer of
the Borrower.

 

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

 

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

 

“Base Rate Loan” means a
Committed Loan made or to be made by a Lender as a Base Rate Loan in accordance
with the applicable Notice of Committed Borrowing or Notice of
Conversion/Continuation or pursuant to Article VIII.

 

“Base Rate Margin” has
the meaning set forth on the Pricing Schedule.

 

“Benefit Arrangement”
means at any time an employee benefit plan within the meaning of
Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and
which is maintained or otherwise contributed to by any member of the ERISA
Group.

 

“Borrower” means Hilton
Hotels Corporation, a Delaware corporation, and its successors.

 

“Borrowing” means the
aggregation of Loans of one or more Lenders to be made to the Borrower pursuant
to Article II on a single date and, in the case of Fixed Rate Borrowings,
for a single Interest Period.

 

2

 

“Change of Control” means
the occurrence of a Rating Decline in connection with any of the following
events: (i) upon any merger or consolidation of the Borrower with or into
any person or any sale, transfer or other conveyance, whether direct or
indirect, of all or substantially all of the assets of the Borrower, on a
consolidated basis, in one transaction or a series of related transactions, if,
immediately after giving effect to such transaction, any person or group of
persons (within the meaning of Section 13 or 14 of the Securities Exchange
Act of 1934, as amended) is or becomes the beneficial owner (within the meaning
of Rule 13d-3 promulgated by the Securities and Exchange Commission under said
Act) of securities representing a majority of the total voting power of the
aggregate outstanding securities of the transferee or surviving entity normally
entitled to vote in the election of directors, managers, or trustees, as
applicable, of the transferee or surviving entity, (ii) when any person or
group of persons (within the meaning of Section 13 or 14 of the Securities
Exchange Act of 1934, as amended) is or becomes the beneficial owner (within
the meaning of Rule 13d-3 promulgated by the Securities and-Exchange Commission
under said Act) of securities representing a majority of total voting power of
the aggregate outstanding securities of the Borrower normally entitled to vote
in the election of directors of the Borrower, (iii) when, during any
period of 12 consecutive calendar months, individuals who were directors of the
Borrower on the first day of such period (together with any new directors whose
election by the board of directors of the Borrower or whose nomination for
election by the stockholders of the Borrower was approved by a vote of a
majority of the directors then still in office who were either directors at the
beginning of such period or whose election or nomination for election was
previously so approved) cease for any reason to constitute a majority of the
board of directors of the Borrower, or (iv) the sale or disposition,
whether directly or indirectly, by the Borrower of all or substantially all of
its assets.

 

“Co-Documentation Agents”
mean Wachovia Bank, National Association and BNP Paribas, each in its capacity
as documentation agent for the Lenders hereunder.  The capacity of the Co-Documentation Agents is titular in nature,
and the Co-Documentation Agents shall have no obligations or liabilities under
the Loan Documents by reason of acting in such capacity.

 

“Commitment” means, as to
each Lender, the commitment of that Lender to make Loans and to participate in
Letters of Credit and Swing Line Loans, in each case as such amount may be
reduced from time to time pursuant to Section 2.13, 2.14, 2.15, or 2.16 or
increased from time to time pursuant to Section 2.24.  The aggregate amount of the Commitments under this Agreement as
of the Effective Date is $1,000,000,000. 
As of the Effective Date, each Lender shall hold a Commitment in the
amount set forth in its Allocation Notice.

 

“Committed Loan” means a
loan made or to be made by a Lender pursuant to Section 2.01.

 

“Compliance Certificate”
means a certificate, substantially in the form of Exhibit A, properly completed
and signed by an Authorized Officer.

 

“Consolidated Debt” means
at any date the Debt of the Borrower and its Subsidiaries, determined on a
consolidated basis as of such date provided that Consolidated Debt shall
exclude (A) the PPE Assumed Notes, and (B) Debt of the Borrower or a
Subsidiary as to which a sum of cash and cash equivalents sufficient to provide
for payment in full of such Debt at its scheduled maturity or at an earlier
date at which it shall have been called for redemption shall have been

 

3

 

irrevocably deposited in
trust for the benefit of the holders of such Debt or a representative of such
holders so as to result in legal or in substance defeasance thereof; provided,
further, that, notwithstanding clause (A) in the foregoing proviso, if
Park Place fails to pay when due any principal of or interest on or any other
amount with respect to the PPE Assumed Notes or reimburse the Borrower for payment
thereof, and such failure is continuing, on and after the 90th day after such
payment default first occurs, any of the PPE Assumed Notes then outstanding
shall be included in Consolidated Debt, unless such Debt then would be excluded
therefrom pursuant to clause (B) in the foregoing proviso; provided,
further that loan Guarantees, up to an aggregate principal amount of
$400,000,000, made by the Borrower supporting first mortgage real estate
secured financings with unconsolidated Affiliates and third parties shall be
excluded from the calculation of Consolidated Debt, except for loan Guarantees
that the Borrower is required to reflect as a liability on the Borrower’s
financial statements at the end of each quarter in accordance with generally
accepted accounting principles.  If any
amount of any such loan Guarantee become due and payable, such amount shall be
included in the Consolidated Debt calculation (without duplication of any
amount otherwise included in Consolidated Debt) until such amount is paid.  Loan Guarantees in excess of the aggregate
$400,000,000 limit described above shall be included dollar-for-dollar in the
calculation of Consolidated Debt.

 

“Consolidated EBITDA”
means, for any period, Consolidated Net Income for such period before
(i) income taxes, (ii) interest expense, (iii) depreciation and
amortization, (iv) minority interest, (v) extraordinary losses or
gains, (vi) Pre-Opening Expenses, (vii) discontinued operations and (viii)
nonrecurring non-cash charges; provided that:

 

(a)           Consolidated EBITDA for any period
shall be adjusted on a pro forma basis (i) to include (or exclude) amounts
attributable to hotel operations acquired (or sold or otherwise discontinued)
during such period as if such acquisition (or disposition) had occurred on the
first day of such period and (ii) to include amounts (annualized on a
simple arithmetic basis) attributable to hotel projects which commenced
operations during such period and were in operation for at least one full
fiscal quarter during such period; and

 

(b)           for purposes of determining
Consolidated EBITDA for any period, Consolidated Net Income shall exclude any
interest income attributable to the assumption or payment by Park Place of the
PPE Assumed Notes;

 

(c)           the operating results of each New
Project which commences operations and records not less than one full fiscal
quarter’s operations during the relevant period shall be annualized on a simple
arithmetic basis.

 

“Consolidated Interest
Expense” means, for any period, net interest expense of the Borrower and its
Subsidiaries for such period, determined in accordance with generally accepted
accounting principles.

 

“Consolidated Net Income”
means, for any period, the consolidated net income of the Borrower and its
Subsidiaries for such period determined in accordance with generally accepted
accounting principles.

 

4

 

“Consolidated Net
Tangible Assets” means the total assets of the Borrower and its Subsidiaries,
after deducting therefrom (a) all current liabilities of the Borrower and
its Subsidiaries (excluding (i) the current portion of long term indebtedness,
(ii) inter-company liabilities, and (iii) any liabilities which are by their
terms renewable or extendable at the option of the obligor thereon to a time
more than twelve months from the time as of which the amount thereof is being
computed), and (b) all goodwill, trade names, trademarks, patents,
unamortized debt discount and expense and other like intangibles, all as set
forth on the latest consolidated balance sheet of the Borrower prepared in
accordance with generally accepted accounting principles.

 

“Covered Subsidiary”
means at any time any Subsidiary of the Borrower that has consolidated assets
in an amount greater than $5,000,000.

 

“Debt” of any Person
means at any date, without duplication, (i) all obligations of such Person
for borrowed money, (ii) all obligations of such Person evidenced by
bonds, debentures, notes or other similar instruments, (iii) all
obligations of such Person to pay the deferred purchase price of property or
services, except trade accounts payable arising in the ordinary course of
business and obligations in the nature of deferred employee compensation to the
extent that such deferred employee compensation obligations do not exceed
$150,000,000, in the aggregate, (iv) all obligations of such Person as
lessee under leases which are capitalized in accordance with generally accepted
accounting principles, (v) all other obligations secured by a Lien on any
asset of such Person, whether or not such obligations are otherwise an
obligation of such Person, in an amount equal to the lesser of the amount of
the obligation so secured or the fair value of the assets subject to such Lien,
and (vi) all obligations of others constituting “Debt” under the foregoing
clauses of this paragraph which are Guaranteed by such Person; it being
understood that “Debt” does not include contingent obligations of such Person
to reimburse any other Person in respect of surety bonds or letters of credit.

 

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

 

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

 

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

 

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

 

“Effective Date” means
the first date upon which each of the conditions precedent set forth in
Section 3.02 of this Agreement are satisfied or waived in writing by the
Administrative Agent with the consent of all of the Lenders.

 

5

 

“Eligible Assignee” means
(a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d)
any other Person (other than a natural person) approved by (i) the Administrative
Agent and (ii) unless an Event of Default has occurred and is continuing, the
Borrower (each such approval not to be unreasonably withheld or delayed); provided
that notwithstanding the foregoing, “Eligible Assignee” shall not include the
Borrower or any of the Borrower’s Affiliates or Subsidiaries.

 

“Environmental Laws”
means any and all statutes, regulations, permits, licenses or other
governmental restrictions relating to the environment or to releases of
petroleum or petroleum products, chemicals or toxic or hazardous substances or
wastes into the environment.

 

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

 

“ERISA Group” means the
Borrower, any Subsidiary of the Borrower and all members of a controlled group
of corporations and all trades or businesses (whether or not incorporated)
under common control which, together with the Borrower or any Subsidiary of the
Borrower, are treated as a single employer under Section 414 of the Internal
Revenue Code.

 

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

 

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

 

“Euro-Dollar Loan” means
a Committed Loan made or to be made by a Lender as a Euro-Dollar Loan in
accordance with the applicable Notice of Committed Borrowing or Notice of
Conversion/Continuation and bearing interest with reference to the Euro-Dollar
Rate.

 

“Euro-Dollar Margin” has
the meaning set forth on the Pricing Schedule.

 

“Euro-Dollar Rate” means
for any Interest Period with respect to any Euro-Dollar Loan:

 

(a)           the rate per annum equal to the rate
determined by the Administrative Agent to be the offered rate that appears on
the page of the Telerate screen (or any successor thereto) that displays an
average British Bankers Association Interest Settlement Rate for deposits in
Dollars (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period, determined as of approximately 11:00 a.m.
(London time) two Euro-Dollar Business Days prior to the first day of such
Interest Period, or

 

(b)           if the rate referenced in the
preceding clause (a) does not appear on such page or service or such page or
service shall not be available, the rate per annum equal to the rate determined
by the Administrative Agent to be the offered rate on such other page or other
service that displays an average British Bankers Association Interest
Settlement

 

6

 

Rate for deposits in
Dollars (for delivery on the first day of such Interest Period) with a term equivalent
to such Interest Period, determined as of approximately 11:00 a.m. (London
time) two Euro-Dollar Business Days prior to the first day of such Interest
Period, or

 

(c)           if the rates referenced in the
preceding clauses (a) and (b) are not available, the rate per annum determined
by the Administrative Agent as the rate of interest at which deposits in
Dollars for delivery on the first day of such Interest Period in same day funds
in the approximate amount of the Euro-Dollar Loan being made, continued or
converted by Bank of America and with a term equivalent to such Interest Period
would be offered by Bank of America’s London Branch to major banks in the
London interbank eurodollar market at their request at approximately 4:00 p.m.
(London time) two Euro-Dollar Business Days prior to the first day of such
Interest Period.

 

“Euro-Dollar Reserve
Percentage” means for any day that percentage (expressed as a decimal) which is
in effect on such day, as prescribed by the Board of Governors of the Federal
Reserve System (or any successor) for determining the maximum reserve
requirement for a member bank of the Federal Reserve System with deposits
exceeding five billion Dollars in respect of “eurocurrency liabilities” (or in
respect of any other category of liabilities which includes deposits by
reference to which the interest rate on Euro-Dollar Loans is determined or any
category of extensions of credit or other assets which includes loans by a
non-United States office of any bank to United States residents).

 

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

 

“Excluded Taxes” means
(a) taxes or assessments on or measured by or upon the overall net income,
gross income or gross receipts of lenders generally, and (b) franchise taxes
levied upon lenders generally.

 

“Existing Credit
Facility” means the Five Year Agreement dated as of November 30, 1999
among the Borrower, the lenders referred to therein and Bank of America, as
Administrative Agent, as amended.

 

“Existing Letters of
Credit” means letters of credit issued and outstanding under the Existing
Credit Facility, which shall be deemed outstanding as Letters of Credit
hereunder as of the Effective Date pursuant to Section 2.21(a).

 

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

 

7

 

“Fixed Rate Loans” means
Euro-Dollar Loans.

 

“Fund” has the meaning
set forth in Section 9.05(g).

 

“Granting Lender” has the
meaning set forth in Section 9.05(h).

 

“Guarantee” by any Person
means any obligation, contingent or otherwise, of such Person directly or
indirectly guaranteeing any Debt of any other Person and, without limiting the
generality of the foregoing, any obligation, direct or indirect, contingent or
otherwise, of such Person (i) to purchase or pay (or advance or supply
funds for the purchase or payment of) such Debt (whether arising by virtue of
partnership arrangements, by agreement to keep-well, to purchase assets, goods,
securities or services, to take-or-pay, or to maintain financial statement
conditions or otherwise) or (ii) entered into for the purpose of assuring
in any other manner the holder of such Debt of the payment thereof or to
protect such holder against loss in respect thereof (in whole or in part),
provided that the term Guarantee shall not include (x) endorsements for
collection or deposit in the ordinary course of business or
(y) performance or completion guarantees. 
The term “Guarantee” used as a verb has a corresponding meaning.

 

“Increased Commitment”
has the meaning set forth in Section 2.24(a).

 

“Indemnified Liabilities”
has the meaning set forth in Section 9.03(b).

 

“Indemnitee” has the
meaning set forth in Section 9.03(b).

 

“Interest Coverage Ratio”
means, as of the last day of each fiscal quarter, the ratio of (a) Consolidated
EBITDA for the four fiscal quarters ending on that date, to (b) Consolidated
Interest Expense for the same period.

 

“Interest Period” means,
with respect to each Euro-Dollar Borrowing, the period commencing on the date
of such Borrowing and ending one week or 1, 2, 3 or 6 months thereafter, as the
Borrower may elect in the applicable Notice of Committed Borrowing or Notice of
Conversion/Continuation; provided that:

 

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

 

(ii)           any Interest Period which begins on
the last Euro-Dollar Business Day in a calendar month (or on a day for which
there is no numerically corresponding day in the calendar month at the end of
such Interest Period) shall, subject to clause (a)(iii) below, end on the last
Euro-Dollar Business Day in the calendar month which is the last calendar month
which commences in such Interest Period; and

 

8

 

(iii)          any Interest Period which would
otherwise end after the Termination Date shall end on the Termination Date, or,
if such date is not a Euro-Dollar Business Day, then on the next preceding
Euro-Dollar Business Day.

 

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

 

“Investment Grade” means
(i) with respect to S&P, a rating of BBB- or higher, and
(ii) with respect to Moody’s, a rating of Baa3 or higher.

 

“Issuing Lender” means
Bank of America or one other Lender designated by the Borrower which may hereafter
agree to issue Letters of Credit hereunder, in each case in that Lender’s
capacity as issuer of a Letter of Credit hereunder.

 

“Joint Lead Arrangers”
means, collectively, Banc of America Securities LLC and BNY Capital Markets,
Inc.  Following the date of this
Agreement, the Joint Lead Arrangers shall have no obligations or liabilities
under the Loan Documents.

 

“LC Fee Rate” has the
meaning set forth on the Pricing Schedule.

 

“Lender” means each
lender listed on the signature pages hereof and each Lender which accepts an
assignment pursuant to Section 9.05, and their respective successors and
shall include, as the context may require, the Issuing Lender in its capacity
as Issuing Lender.

 

“Letter of Credit” means
a letter of credit to be issued hereunder by the Issuing Lender in accordance
with Section 2.21.

 

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

 

“Letter of Credit Commitment”
means the lesser of (x) $250,000,000 and (y) the aggregate
Commitments.

 

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

 

“Leverage Ratio” means,
as of each date of determination, the ratio of (a) Consolidated Debt on such
date to (b) Consolidated EBITDA for the four fiscal quarters ending on that
date.

 

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

 

9

 

“Loan” means a Base Rate
Loan or a Euro-Dollar Loan and “Loans” means Base Rate Loans or Euro-Dollar
Loans or any combination of the foregoing.

 

“Loan Documents” means
this Agreement and the Notes.

 

“Material Adverse Effect”
means, as of each date of determination, a material adverse effect on or change
in the condition (financial or otherwise), business, assets or results of
operations or prospects of the Borrower and its Subsidiaries, taken as a whole except
any such effect or change resulting from (i) changes in circumstances or
conditions affecting the hotel, motel or travel industries in general or
affecting any segment or region thereof in which they operate, or (ii) changes
in general economic or business conditions in the United States.

 

“Material Plan” means at
any time a Plan or Plans having aggregate Unfunded Liabilities in excess of
$25,000,000.

 

“Moody’s” means Moody’s
Investors Service, Inc., and its successors.

 

“Multiemployer Plan”
means at any time an employee pension benefit plan within the meaning of
Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then
making or accruing an obligation to make contributions or has within the
preceding five plan years made contributions, including for these purposes any
Person which ceased to be a member of the ERISA Group during such five year
period.

 

“New Project” means each
new hotel, time-share or resort project (as opposed to any project which
consists of an extension or redevelopment of an operating hotel or resort)
having a development and construction budget in excess of $50,000,000 which
hereafter receives a certificate of completion or occupancy and all relevant
operational licenses, and in fact commences operations.

 

“Non-Recourse Debt” means
Debt in respect of which the recourse of the holder of such Debt is limited to
the assets securing such Debt and such Debt does not constitute the general
obligation of the Borrower or any Subsidiary of the Borrower.

 

“Notes” means promissory
notes of the Borrower, (a) substantially in the form of Exhibit B hereto,
evidencing the obligation of the Borrower to repay the Committed Loans and (b)
the Swing Line Note, and “Note” means any one of such promissory notes issued
hereunder.

 

“Notice of Borrowing”
means a Notice of Committed Borrowing (as defined in Section 2.02).

 

“Notice of Committed
Borrowing” has the meaning set forth in Section 2.02.

 

“Notice of
Conversion\Continuation” has the meaning set forth in Section 2.05.

 

“Notice of Issuance” has
the meaning set forth in Section 2.21(b).

 

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

 

10

 

“Park Place” means Park
Place Entertainment Corporation, a Delaware corporation.

 

“Participant” has the
meaning set forth in Section 9.05(d).

 

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

 

“Person” means an
individual, a corporation, a partnership, an association, a trust or any other
entity or organization, including a government or political subdivision or an
agency or instrumentality thereof.

 

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

 

“PPE Assumed Notes” means
the 7.00% senior notes of the Borrower due 2004 in the aggregate principal
amount of $325,000,000 issued pursuant to the Indenture, dated as of
April 15, 1997 executed by the Borrower in favor of BNY Western Trust
Company, as Trustee.

 

“Pre-Opening Expenses”
means, with respect to any fiscal period, the amount of expenses (other than
Consolidated Interest Expense) incurred with respect to capital projects which
are classified as “pre-opening expenses” on the applicable financial statements
of Borrower and its Subsidiaries for such period, prepared in accordance with
generally accepted accounting principles.

 

“Pricing Certificate”
means a Pricing Certificate substantially in the form of Exhibit C hereto,
properly completed and signed by an Authorized Officer.

 

“Pricing Schedule” means
the Pricing Schedule attached to this Agreement.

 

“Pro Rata Share” means,
with respect to each Lender at any time, a fraction (expressed as a percentage,
carried out to the ninth decimal place), the numerator of which is the amount
of the Commitment of such Lender at such time and the denominator of which is
the amount of the aggregate Commitments at such time.

 

“Public Notice” means,
without limitation, any filing or report made in accordance with the
requirements of the Securities and Exchange Commission (or any successor), any
press release or public announcement made by the Borrower or any written notice
the Borrower gives to the Administrative Agent or the Lenders.

 

“Rating Agencies” means
S&P and Moody’s.

 

“Rating Decline” means
the occurrence on any date on or within 90 days after the date of the first
public notice of (i) the occurrence of an event described in clauses
(i)-(iv) of the

 

11

 

definition of “Change of
Control” or (ii) the intention by the Borrower to effect such an event
(which 90-day period shall be extended so long as the rating of the senior debt
of the Borrower is under publicly announced consideration for possible
downgrade by either of the Rating Agencies) of a decrease in the rating of the
senior debt of the Borrower by both of the Rating Agencies to below Investment
Grade.

 

“Register” has the
meaning set forth in Section 9.05(c).

 

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

 

“Required Lenders” means
at any time Lenders having more than 50% of the aggregate amount of the
Commitments or, if the Commitments shall have been terminated, holding more
than 50% of the sum of the aggregate unpaid principal amount of the Loans and
the aggregate amount of Letter of Credit Liabilities.

 

“Revolving Credit Period”
means the period from and including the Effective Date to but not including the
earlier of (i) the Termination Date, and (ii) if earlier, the date of
termination of the Commitments pursuant to Section 2.13, Section 2.14 or
Section 6.01.

 

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

 

“Significant Subsidiary”
means at any time a Subsidiary of the Borrower having (i) at least 10% of
the consolidated total assets of the Borrower and its Subsidiaries (determined
as of the last day of the most recent fiscal quarter of the Borrower) or
(ii) at least 10% of the consolidated revenues of the Borrower and its
Subsidiaries for the fiscal year of the Borrower then most recently ended.

 

“Solvent” as to any
Person shall mean that (a) the sum of the assets of such Person, both at a fair
valuation and at present fair saleable value, exceeds its liabilities,
including its probable liability in respect of contingent liabilities, (b) such
Person will have sufficient capital with which to conduct its business as
presently conducted and as proposed to be conducted and (c) such Person has not
incurred debts, and does not intend to incur debts, beyond its ability to pay
such debts as they mature.  For purposes
of this definition, “debt” means any liability on a claim, and “claim” means
(x) a right to payment, whether or not such right is reduced to judgment,
liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed,
undisputed, legal, equitable, secured, or unsecured, or (y) a right to an
equitable remedy for breach of performance if such breach gives rise to a
payment, whether or not such right to an equitable remedy is reduced to
judgment, fixed, contingent, matured, unmatured, disputed, undisputed, secured
or unsecured.  With respect to any such
contingent liabilities, such liabilities shall be computed at the amount which,
in light of all the facts and circumstances existing at the time, represents
the present value of the amount which can reasonably be expected to become an
actual or matured liability.

 

“SPC” has the meaning set
forth in Section 9.05(h).

 

12

 

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

 

“Swing Line” means the
revolving line of credit established by the Swing Line Lender in favor of
Borrower pursuant to Section 2.04.

 

“Swing Line Loans” means
Loans made by the Swing Line Lender to Borrower pursuant to
Section 2.04.

 

“Swing Line Lender”
means, when acting in such capacity, Bank of America, its successors and
assigns.

 

“Swing Line Note” means
the promissory note executed by Borrower in favor of the Swing Line Lender in
connection with the Swing Line.

 

“Swing Line Outstandings”
means, as of any date of determination, the aggregate principal Debt of
Borrower on all Swing Line Loans then outstanding.

 

“Syndication Agent” means
The Bank of New York.  The Syndication
Agent shall have no rights, duties or obligations under this Agreement which
are in addition to the other Lenders.

 

“Tax Withholding Forms”
has the meaning set forth in Section 2.20.

 

“Termination Date” means
August 29, 2008, or such later date to which the Termination Date has been
extended pursuant to Section 2.23, or if such day is not a Domestic
Business Day, the next preceding Domestic Business Day.

 

“Unfunded Liabilities”
means, with respect to any Plan at any time, the amount (if any) by which
(i) the value of all benefit liabilities under such Plan, determined on a
plan termination basis using the assumptions prescribed by the PBGC for
purposes of Section 4044 of ERISA, exceeds (ii) the fair market value
of all Plan assets allocable to such liabilities under Title IV of ERISA
(excluding any accrued but unpaid contributions), all determined as of the then
most recent valuation date for such Plan, but only to the extent that such
excess represents a potential liability of a member of the ERISA Group to the
PBGC or any other Person under Title IV of ERISA.

 

1.02         Accounting Terms and Determinations.  Unless otherwise specified herein, all
accounting terms used herein shall be interpreted, all accounting
determinations hereunder shall be made, and all financial statements required
to be delivered hereunder shall be prepared, in accordance with generally accepted
accounting principles as in effect from time to time, applied on a basis
consistent (except for changes concurred in by the Borrower’s independent
public accountants and disclosed in such financial statements) with the most
recent audited consolidated financial statements of the Borrower and its
Subsidiaries delivered to the Lenders; provided that, if the Borrower notifies
the Administrative Agent that the Borrower wishes to amend any covenant in
Article V to eliminate the effect of any change in generally accepted
accounting principles on the operation of such covenant (or if the
Administrative Agent notifies the Borrower that the Required Lenders wish to
amend Article V for such purpose), then the

 

13

 

Borrower’s compliance
with such covenant shall be determined on the basis of generally accepted
accounting principles in effect immediately before the relevant change in
generally accepted accounting principles became effective, until either such
notice is withdrawn or such covenant is amended in a manner satisfactory to the
Borrower and the Required Lenders.

 

1.03         Types of
Borrowings.  Borrowings are
classified for purposes of this Agreement either by reference to the pricing of
Loans comprising such Borrowing (e.g., a “Euro-Dollar Borrowing” is a
Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of
Article II under which participation therein is determined (i.e., a
“Committed Borrowing” is a Borrowing under Section 2.01 in which all
Lenders participate in proportion to their commitments).

 

ARTICLE 2

THE CREDITS

 

2.01         Commitments
to Lend.  During the Revolving
Credit Period each Lender severally agrees, on the terms and conditions set
forth in this Agreement, to lend to the Borrower pursuant to this Section from
time to time amounts such that (a) the aggregate outstanding principal amount
of Committed Loans made by such Lender plus such Lender’s Pro Rata Share of the
aggregate outstanding principal amount of all Swing Line Outstandings plus such
Lender’s Pro Rata Share of all Letter of Credit Liabilities shall not exceed
the amount of such Lender’s Commitment, and (b) the aggregate outstanding
principal amount of all Committed Loans and Swing Line Loans plus the Letter of
Credit Liabilities shall not exceed the aggregate Commitments.  Each Borrowing under this Section shall be
in an aggregate principal amount of $10,000,000 or any larger multiple of
$1,000,000; and each Committed Borrowing shall be made from the several Lenders
ratably in proportion to their respective Commitments.  Within the foregoing limits, the Borrower
may borrow under this Section, repay, or to the extent permitted by
Section 2.16, prepay Loans and reborrow under this Section.  The Committed Loans shall mature, and the
principal amount thereof shall be due and payable, on the Termination Date.

 

2.02         Notice
of Committed Borrowings.  The
Borrower shall give the Administrative Agent notice (a “Notice of Committed
Borrowing”), substantially in the form of Exhibit D hereto, not later than
8:30 A.M. (California local time) on (y) the date of each Base Rate
Borrowing, and (z) the third Euro-Dollar Business Day before each
Euro-Dollar Borrowing, specifying:

 

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

 

(b)           the aggregate amount of such
Borrowing;

 

(c)           whether the Loans comprising such
Borrowing are to be Base Rate Loans or Euro-Dollar Loans; and

 

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

 

14

 

Not more than twelve
Interest Periods with respect to Euro-Dollar Loans shall be in effect at any
time.

 

2.03         [Intentionally
Omitted].

 

2.04         Swing Line
Loans.

 

(a)           The Swing Line Lender shall from
time to time during the Revolving Credit Period make Swing Line Loans in
Dollars to Borrower in such amounts as Borrower may request, provided
that (i) after giving effect to each such Swing Line Loan, (A) the
aggregate Swing Line Outstandings shall not exceed $25,000,000, and (B) the
aggregate outstanding principal amount of all Committed Loans and Swing Line
Loans plus the Letter of Credit Liabilities shall not exceed the aggregate
Commitments, (ii) without the consent of all of the Lenders, no Swing Line
Loan may be made during the continuation of any Default or Event of Default and
(iii) the Swing Line Lender has not given at least twenty-four hours prior
notice to Borrower that availability under the Swing Line is suspended or
terminated.  Borrower may borrow, repay
and reborrow under this Section.  Unless
notified to the contrary by the Swing Line Lender, borrowings under the Swing
Line may be made in amounts which are integral multiples of $250,000 upon
telephonic request by an Authorized Officer made to the Administrative Agent
not later than 1:00 P.M. (California local time), on the Domestic Business
Day of the requested Swing Line Loan (which telephonic request shall be
promptly confirmed in writing by telecopier). 
Promptly after receipt of such a request for a Swing Line Loan, the
Administrative Agent shall provide telephonic verification to the Swing Line
Lender that the requested Swing Line Loan is in conformity with this
Section.  Unless the Swing Line Lender
otherwise agrees, each repayment of a Swing Line Loan shall be in an amount
which is an integral multiple of $250,000. 
If Borrower instructs the Swing Line Lender to debit its demand deposit
account at the Swing Line Lender in the amount of any payment with respect to a
Swing Line Loan, or the Swing Line Lender otherwise receives repayment, after
3:00 p.m. (California local time), on a Domestic Business Day, such
payment shall be deemed received on the next Domestic Business Day.  The Swing Line Lender shall promptly notify
the Administrative Agent of the Swing Line Outstandings each time there is a
change therein.

 

(b)           The Swing Line Lender shall be
responsible for submitting invoices to Borrower for such interest.  The interest payable on Swing Line Loans
shall be solely for the account of the Swing Line Lender unless and until the
Lenders fund their participations therein pursuant to clause (d) of this
Section.

 

(c)           The Swing Line Loans shall be payable
on demand made by the Swing Line Lender and in any event on the Termination
Date.

 

(d)           Upon the making of a Swing Line Loan,
each Lender shall be deemed to have purchased from the Swing Line Lender a
participation therein in an amount equal to that Lender’s percentage of the
aggregate Commitments times the amount of the Swing Line Loan.  Upon demand made by the Swing Line Lender,
each Lender shall, according to such percentage, promptly provide to the Swing
Line Lender its purchase price therefor in an amount equal to its participation
therein.  The obligation of each Lender
to so provide its purchase price to the Swing Line Lender shall be absolute and
unconditional and shall not be affected by the occurrence of a

 

15

 

Default or Event of
Default.  Each Lender that has provided
to the Swing Line Lender the purchase price due for its participation in Swing
Line Loans shall thereupon acquire a pro rata participation, to the extent of
such payment, in the claim of the Swing Line Lender against Borrower for
principal and interest and shall share, in accordance with that pro rata
participation, in any principal payment made by Borrower with respect to such
claim and in any interest payment made by Borrower (but only with respect to
periods subsequent to the date such Lender paid the Swing Line Lender its
purchase price) with respect to such claim.

 

(e)           In the event that the Swing Line
Outstandings are in excess of $10,000,000 on three consecutive Domestic
Business Days then, on the next Domestic Business Day (unless Borrower has made
other arrangements acceptable to the Swing Line Lender to reduce the Swing Line
Outstandings below $10,000,000), Borrower shall request a Borrowing in an
amount sufficient to reduce the Swing Line Outstandings below $10,000,000.  In addition, upon any demand for payment of
the Swing Line Outstandings by the Swing Line Lender (unless Borrower has made
other arrangements acceptable to the Swing Line Lender to reduce the Swing Line
Outstandings to $0), Borrower shall request a Borrowing in an amount sufficient
to repay all Swing Line Outstandings (and, for this purpose, the limitations as
to the minimum amounts of Base Rate Borrowings set forth in Section 2.01
shall not apply).  In each case, the
Administrative Agent shall automatically provide the responsive Loans made by
each Lender to the Swing Line Lender (which the Swing Line Lender shall then
apply to the Swing Line Outstandings). 
In the event that Borrower fails to request a Borrowing within the time
specified by Section 2.02 on any such date, the Administrative Agent may,
but shall not be required to, without notice to or the consent of Borrower,
cause Loans to be made by the Lenders under their Commitments in amounts which
are sufficient to reduce the Swing Line Outstandings as required above.  The conditions precedent set forth in
Section 3.01 shall not apply to Loans to be made by the Lenders pursuant
to the three preceding sentences.  The
proceeds of such Loans shall be paid directly to the Swing Line Lender for
application to the Swing Line Outstandings.

 

2.05         Conversion and Continuation of
Committed Loans.  So long as no
Default or Event of Default has occurred and is continuing, Borrower shall have
the option at any time (i) to convert all or any part of its outstanding
Base Rate Loans which are integral multiples of $1,000,000 and which are not
less than $10,000,000 into Euro-Dollar Loans or (ii) upon the expiration
of any Interest Period applicable to Euro-Dollar Loans, to continue all or any
portion of such Loans equal to $1,000,000 and integral multiples of $100,000 in
excess of that amount as Euro-Dollar Loans or to convert such Loans into Base
Rate Loans.

 

Borrower shall deliver to
the Administrative Agent notice of any such conversion or continuation,
substantially in the form of Exhibit D (each a “Notice of
Conversion/Continuation”), no later than 8:30 A.M. (California local time) at
least one Domestic Business Day in advance of the proposed conversion date (in
the case of a conversion to a Base Rate Loan) and at least three Euro-Dollar
Business Days in advance of the proposed conversion/continuation date (in the
case of a conversion to, or a continuation of, a Euro-Dollar Loan).  A Notice of Conversion/Continuation shall
specify (i) the proposed conversion/continuation date (which shall be a
Domestic Business Day in the case of Base Rate Loans and a Euro-Dollar Business
Day in the case of conversion to or continuation of Euro-Dollar Loans), (ii)
the amount and type of the Loan to be converted/continued, (iii) the nature of
the proposed conversion/continuation, (iv) in the case of a conversion to, or a
continuation of, a

 

16

 

Euro-Dollar Loan, the
requested Interest Period, and (v) in the case of a conversion to, or a
continuation of, a Euro-Dollar Loan, that no Default or Event of Default has
occurred and is continuing.

 

2.06         Notice
to Lenders; Funding of Loans.

 

(a)           Upon receipt of a Notice of Borrowing
or a Notice of Conversion\Continuation, the Administrative Agent shall promptly
notify each Lender of the contents thereof and of such Lender’s share (if any)
of such Borrowing and such Notice of Borrowing or Notice of
Conversion\Continuation shall not thereafter be revocable by the Borrower.

 

(b)           Not later than 11:00 A.M.
(California local time) on the date of each Borrowing, each Lender
participating therein shall (except as provided in subsection (c) of this
Section) make available its share of such Borrowing in Dollars, in federal or
other funds immediately available to the Administrative Agent at its address
referred to in Section 9.01. 
Unless the Administrative Agent determines that any applicable condition
specified in Article III has not been satisfied, the Administrative Agent
will make the funds so received from the Lenders available to the Borrower at
the Administrative Agent’s aforesaid address or place.

 

(c)           Unless the Administrative Agent shall
have received notice from a Lender prior to the date of any Borrowing that such
Lender will not make available to the Administrative Agent such Lender’s share
of such Borrowing, the Administrative Agent may assume that such Lender has
made such share available to the Administrative Agent on the date of such
Borrowing in accordance with Section 2.06(b) and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower on such
date a corresponding amount.  If and to
the extent that such Lender shall not have so made such share available to the
Administrative Agent, such Lender and the Borrower severally agree to repay to
the Administrative Agent forthwith on demand such corresponding amount together
with interest thereon, for each day from the date (and including the date) such
amount is made available to the Borrower to (but excluding) the date such
amount is repaid to the Administrative Agent, at (i) in the case of the
Borrower, a rate per annum equal to the higher of the Federal Funds Rate and
the interest rate applicable thereto pursuant to Section 2.08 and
(ii) in the case of such Lender, the Federal Funds Rate.  If such Lender shall repay to the
Administrative Agent such corresponding amount, such amount so repaid shall
constitute such Lender’s Loan included in such Borrowing for purposes of this
Agreement.  If the Borrower pays
interest under this subsection (c) at the Federal Funds Rate and the
Federal Funds Rate is higher than the interest rate applicable thereto pursuant
to Section 2.08, the applicable Lender shall pay the Borrower the
difference between such rates.

 

2.07         Notes.

 

(a)           The Committed Loans of each Lender
shall be evidenced by a single Note payable to the order of such Lender for the
account of its Applicable Lending Office in an amount equal to the aggregate
unpaid principal amount of such Lender’s Commitment.

 

(b)           Upon receipt of each Lender’s Note
pursuant to Section 3.02(b), the Administrative Agent shall forward such
Note to such Lender.  Each Lender shall
record the

 

17

 

date, amount, type and
maturity of each Loan made by it and the date and amount of each payment of
principal made by the Borrower with respect thereto, and may, if such Lender so
elects in connection with any transfer or enforcement of its Note, endorse on
the schedule forming a part thereof appropriate notations to evidence the
foregoing information with respect to each such Loan then outstanding; provided
that the failure of any Lender to make any such recordation or endorsement
shall not affect the obligations of the Borrower hereunder or under the
Notes.  Each Lender is hereby
irrevocably authorized by the Borrower so to endorse its Note and to attach to
and make a part of its Note a continuation of any such schedule as and when
required.

 

2.08         Interest Rates.  (a) Each Base Rate Loan shall bear interest
on the outstanding principal amount thereof, for each day from (and including)
the date such Loan is made to (but excluding) the date it becomes due, at a
rate per annum equal to the Base Rate for such day plus any applicable
Base Rate Margin. Any overdue principal of or interest on any Base Rate Loan
shall, at the option of the Required Lenders, bear interest, payable on demand,
for each day until paid at a rate per annum equal to the Base Rate plus
the Base Rate Margin plus 2%. Such interest shall be payable on the last
Domestic Business Day of each calendar quarter in arrears and on the
Termination Date.

 

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

 

(c)           Any overdue principal of or interest
on any Euro-Dollar Loan shall, at the option of the Required Lenders, bear
interest, payable on demand, for each day until paid at a rate per annum equal
to the sum of 2% plus the Euro-Dollar Margin for such day plus the quotient
obtained (rounded upwards, if necessary, to the next higher 1/100 of 1%) by
dividing (i) the average (rounded upward, if necessary, to the next higher
1/16 of 1%) of the respective rates per annum at which one day deposits in
Dollars in an amount approximately equal to such overdue payment due to the
Administrative Agent are offered to the Administrative Agent in the London
interbank market for the applicable period determined as provided above by
(ii) 1.00 minus the Euro-Dollar Reserve Percentage (or, if the
circumstances described in clause (a) or (b) of Section 8.01 shall exist,
at a rate per annum equal to the sum of 2% plus the rate applicable to Base
Rate Loans for such day).

 

(d)           Swing Line Loans shall bear interest
at a fluctuating rate per annum equal to the Base Rate plus any
applicable Base Rate Margin.  Interest
on the Swing Line Loans shall be payable on such dates, not more frequent than
monthly, as may be specified by the Swing Line Lender and in any event on the
Termination Date.  Any overdue principal
of or interest on any Swing Line Loan shall bear interest, payable on demand,
for each day until paid at a rate per annum equal to the sum of the Base Rate plus
any applicable Base Rate Margin plus 2% per annum for such day.

 

18

 

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

 

2.09         Administrative
Agency Fees.  On the date hereof
and on the Effective Date, the Borrower shall pay to the Administrative Agent
certain agency fees in the amounts set forth in a letter agreement with the
Administrative Agent and Banc of America Securities LLC.

 

2.10         Upfront Fees.  On the Effective Date, the Borrower shall
pay to the Administrative Agent for the account of each Lender non-refundable
upfront fees in the amounts set forth in a letter agreement among the Borrower,
the Administrative Agent and Banc of America Securities LLC.

 

2.11         Unused Fees.  The Borrower shall pay to the Administrative
Agent for the ratable account of the Lenders fees, calculated daily, equal to,
for any given day, (i) the Applicable Unused Rate in effect on such day times
the actual amount on such day by which the aggregate Commitments exceed the sum
of (a) the outstanding principal amount of Committed Loans and (b) the
outstanding amount of Letter of Credit Liabilities, divided by (ii)
360.  The unused fee shall accrue at all
times during the Revolving Credit Period, including at any time during which
one or more of the conditions in Article III is not met, and shall be due and
payable quarterly in arrears on the last Domestic Business Day of each March,
June, September and December, commencing with the first such date to occur
after the Effective Date, and on the Termination Date and, when paid, shall be
non-refundable.  The unused fee shall be
calculated quarterly in arrears, and if there is any change in the Applicable
Unused Rate during any quarter, the actual daily amount shall be computed and
multiplied by the Applicable Unused Rate separately for each period during such
quarter that such Applicable Unused Rate was in effect.

 

2.12         Letter of
Credit Fees.  The Borrower shall
pay (i) to the Administrative Agent for the account of the Lenders ratably a
Letter of Credit fee accruing daily on the maximum aggregate amount available
for drawing under all Letters of Credit at the LC Fee Rate, determined in
accordance with the Pricing Schedule, and (ii) directly to the Issuing
Lender for its own account a Letter of Credit fronting fee accruing daily on
the aggregate amount then available for drawing under all Letters of Credit
issued by the Issuing Lender at a rate per annum set forth in a letter
agreement between the Borrower and the Issuing Lender.  Letter of Credit fees shall be due and
payable quarterly in arrears on the last Domestic Business Day of each March,
June, September and December, and upon the date of termination of the
Commitments in their entirety and, when paid, are non-refundable.

 

2.13         Optional Termination or Reduction
of Commitments by Borrower. 
During the Revolving Credit Period, the Borrower may, upon at least
three Domestic Business Days’ notice to the Administrative Agent,
(i) terminate the Commitments at any time, if no Loans or Letter of Credit
Liabilities are outstanding at such time or (ii) ratably and permanently
reduce from time to time by an aggregate amount of $25,000,000 or any larger
amount in multiples of $1,000,000, the aggregate amount of the Commitments in
excess of the sum of the aggregate outstanding principal balance of the Loans
and the aggregate amount of Letter of Credit Liabilities.

 

19

 

2.14         Optional Termination or Reduction
of Commitments by the Lenders. 
Following the occurrence of a Change of Control, the Required Lenders
may in their sole and absolute discretion elect, during the sixty day period
immediately subsequent to the later of (a) such occurrence and
(b) the earlier of (i) receipt of the Borrower’s written
notice to the Administrative Agent of such occurrence and (ii) if no such
notice has been received by the Administrative Agent, the date upon which the
Administrative Agent and the Lenders have actual knowledge thereof, to
terminate all of the Commitments.  In
any such case the Commitments shall be terminated effective on the date which
is sixty days subsequent to the date of written notice from the Administrative
Agent to the Borrower thereof, and (a) to the extent that there is then any
Debt evidenced by the Notes, the same shall be immediately due and payable, and
(b) the Borrower shall either cause the return or termination of all Letters of
Credit or provide cash collateral for all outstanding Letters of Credit.

 

2.15         Scheduled Termination of Commitments.  The Commitments shall terminate on the
Termination Date and any Loans then outstanding (together with accrued interest
thereon) shall be due and payable on such date.

 

2.16         Optional
Prepayments.

 

(a)           Subject in the case of any
Euro-Dollar Borrowing to Section 2.18, the Borrower may, upon at least one
Domestic Business Day’s notice to the Administrative Agent, prepay any Base
Rate Borrowing or upon at least three Euro-Dollar Business Days’ notice to the
Administrative Agent, with respect to any Euro-Dollar Borrowing, prepay any
Euro-Dollar Borrowing, in each case in whole at any time, or from time to time
in part in amounts aggregating $10,000,000 or any larger multiple of
$1,000,000, by paying the principal amount to be prepaid together with accrued
interest thereon to the date of prepayment. 
Each such optional prepayment shall be applied to prepay ratably the
Loans of the several Lenders included in such Borrowing.

 

(b)           Upon receipt of a notice of prepayment
pursuant to this Section, the Administrative Agent shall promptly notify each
Lender of the contents thereof and of such Lender’s ratable share (if any) of
such prepayment and such notice shall not thereafter be revocable by the
Borrower.

 

2.17         General
Provisions as to Payments.

 

(a)           The Borrower shall make each payment
of principal of, and interest on, Loans and Letters of Credit Liabilities and
of fees hereunder, in Dollars not later than 11:00 A.M. (California local
time) on the date when due, in federal or other immediately available funds, to
the Administrative Agent at its address referred to in Section 9.01,
without offset or counterclaim.  The
Administrative Agent will promptly distribute to each Lender its ratable share
of each such payment received by the Administrative Agent for the account of
the Lenders, in Dollars and in the type of funds received by the Administrative
Agent.  Whenever any payment of
principal of, or interest on, the Base Rate Loans or Letters of Credit
Liabilities or of fees shall be due on a day which is not a Domestic Business
Day, the date for payment thereof shall be extended to the next succeeding
Domestic Business Day.  Whenever any
payment of principal of, or interest on, the Euro-Dollar Loans shall be due on
a day which is not a Euro-

 

20

 

Dollar Business Day, the
date for payment thereof shall be extended to the next succeeding Euro-Dollar
Business Day unless such Euro-Dollar Business Day falls in another calendar
month, in which case the date for payment thereof shall be the next preceding
Euro-Dollar Business Day.  If the date
for any payment of principal is extended by operation of law or otherwise,
interest thereon shall be payable for such extended time.

 

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

 

2.18         Funding Losses.  If the Borrower makes any payment of
principal with respect to any Fixed Rate Loan (pursuant to Article VI or
VIII or otherwise) on any day other than the last day of the Interest Period
applicable thereto, or if the Borrower fails to borrow any Fixed Rate Loans
after notice has been given to any Lender in accordance with
Section 2.06(a), the Borrower shall reimburse each Lender within 15 days
after demand for any resulting loss or expense incurred by it, including
(without limitation) any loss incurred in obtaining, liquidating or employing
deposits from third parties, but excluding loss of margin for the period after
any such payment or failure to borrow, provided that such Lender shall have
delivered to the Borrower a certificate as to the amount of such loss or
expense, which certificate shall be conclusive in the absence of manifest
error.

 

2.19         Computation
of Interest and Fees.  Interest
based on the Base Rate shall be computed on the basis of a year of 365 days (or
366 days in a leap year) and paid for the actual number of days elapsed
(including the first day but excluding the last day).  All other interest and all fees hereunder shall be computed on
the basis of a year of 360 days and paid for the actual number of days elapsed
(including the first day but excluding the last day).

 

2.20         Withholding
Tax Exemption.  At least five
Domestic Business Days prior to the first date on which interest or fees are
payable hereunder for the account of any Lender, each Lender that is not
incorporated under the laws of the United States of America or a state thereof
agrees that it will deliver to each of the Borrower and the Administrative
Agent two duly completed copies of United States Internal Revenue Service Forms
1001, 4224 or W-8 ECI, or their successor forms (“Tax Withholding Forms”), in
each case as required to demonstrate and certify that such Lender is entitled
to receive payments under the Loan Documents without deduction or withholding
of any United States federal income taxes.

 

Each Lender which so
delivers Tax Withholding Forms further undertakes to deliver to each of the
Borrower and the Administrative Agent two additional copies of such forms on or
before the date that such form expires or becomes obsolete or after the
occurrence of any event requiring a change in the most recent form so delivered
by it, and such amendments thereto or

 

21

 

extensions or renewals
thereof as may be reasonably requested by the Borrower or the Administrative
Agent, in each case certifying that such Lender is entitled to receive payments
under the Loan Documents deduction or withholding of any United States federal
income taxes, unless an event (including without limitation any change in
treaty, law or regulation) has occurred prior to the date on which any such
delivery would otherwise be required which renders all such forms inapplicable
or which would prevent such Lender from duly completing and delivering any such
form with respect to it and such Lender advises the Borrower and the
Administrative Agent that it is not capable of receiving payments without any
deduction or withholding of United States federal income tax.

 

2.21         Letters of
Credit.

 

(a)           Subject to the terms and conditions
hereof, the Issuing Lender agrees to issue Letters of Credit hereunder from
time to time before the tenth day before the Termination Date upon the request
of the Borrower; provided that, immediately after each Letter of Credit
is issued, (i) the aggregate amount of the Letter of Credit Liabilities
shall not exceed the Letter of Credit Commitment and (ii) the aggregate
amount of the Letter of Credit Liabilities plus the aggregate outstanding
principal amount of all Committed Loans and Swing Line Loans shall not exceed
the aggregate Commitments.  Upon the
date of issuance of a Letter of Credit, the Issuing Lender shall be deemed,
without further action by any party hereto, to have sold to each Lender, and
each Lender shall be deemed, without further action by any party hereto, to
have purchased from the Issuing Lender, a participation in such Letter of
Credit and the related Letter of Credit Liabilities in the proportion their
respective Commitments bear to the aggregate Commitments.  As of the date hereof, the Borrower has
requested that the Existing Letters of Credit be deemed issued hereunder
effective as of the Effective Date.  On
the Effective Date, the Existing Letters of Credit shall be deemed issued
hereunder as Letters of Credit hereunder, each “Issuing Lender” under the
Existing Credit Facility shall be deemed to have released each lender under the
Existing Credit Facility from their participations therein, and each Lender
here under shall be deemed to have thereby purchased a ratable participation in
each Existing Letter of Credit in the manner set forth above in this Section.

 

(b)           The Borrower shall give the Issuing
Lender notice, with a copy to the Administrative Agent, at least five days
prior to the requested issuance of a Letter of Credit specifying the date such
Letter of Credit is to be issued, and describing the terms of such Letter of
Credit and the nature of the transactions to be supported thereby (such notice,
including any such notice given in connection with the extension of a Letter of
Credit, a “Notice of Issuance”) and shall concurrently submit to the Issuing
Lender a Letter of Credit Application. 
Upon receipt of a Notice of Issuance, the Issuing Lender shall promptly
notify the Administrative Agent, and the Administrative Agent shall promptly
notify each Lender of the contents thereof and of the amount of such Lender’s
participation in such Letter of Credit. 
The issuance by the Issuing Lender of each Letter of Credit shall, in
addition to the conditions precedent set forth in Article III, be subject
to the conditions precedent that such Letter of Credit shall be in such form
and contain such terms as shall be satisfactory to the Issuing Lender and that
the Borrower shall have executed and delivered such other instruments and
agreements relating to such Letter of Credit as the Issuing Lender shall have
reasonably requested.  The Borrower
shall also pay to the Issuing Lender for its own account issuance, drawing,
amendment and extension charges in the amounts and at the times as agreed
between the Borrower and the Issuing Lender. 
The extension

 

22

 

or renewal of any Letter
of Credit shall be deemed to be an issuance of such Letter of Credit, provided
that even if the Issuing Lender does not receive a Notice of Issuance, unless
the Issuing Lender has notice of any Default or Event of Default, the Issuing
Lender may (but shall not be required to) permit the automatic extension of
such Letter of Credit without the requirement of such notice.  No Letter of Credit shall have a term
extending or be so extendible beyond the fifth Domestic Business Day preceding
the Termination Date.

 

(c)           Upon receipt from the beneficiary of
any Letter of Credit of any notice of a drawing under such Letter of Credit,
the Issuing Lender shall notify the Administrative Agent and the Administrative
Agent shall promptly notify the Borrower and each other Lender as to the amount
to be paid as a result of such demand or drawing and the payment date.  The Borrower shall be irrevocably and
unconditionally obligated forthwith to reimburse the Issuing Lender for any
amounts paid by the Issuing Lender upon any drawing under any Letter of Credit,
without presentment, demand, protest or other formalities of any kind.  All such amounts paid by the Issuing Lender
and remaining unpaid by the Borrower shall bear interest, payable on demand,
for each day until paid at a rate per annum equal to the sum of 2% plus the
rate applicable to Base Rate Loans for such day.  In addition, each Lender will pay to the Administrative Agent,
for the account of the Issuing Lender, immediately upon the Issuing Lender’s demand
at any time during the period commencing after such drawing until reimbursement
therefor in full by the Borrower, an amount equal to such Lender’s ratable
share of such drawing (in proportion to its participation therein), together
with interest on such amount for each day from the date of the Issuing Lender’s
demand for such payment (or, if such demand is made after 9:00 A.M. (California
local time) on such date, from the next succeeding Domestic Business Day) to
the date of payment by such Lender of such amount at a rate of interest per annum
equal to the Federal Funds Rate.  The
Issuing Lender will promptly pay to the Administrative Agent for the account of
each Lender ratably all amounts received from the Borrower for application in
payment of its reimbursement obligations in respect of any Letter of Credit,
but only to the extent such Lender has made payment to the Issuing Lender in
respect of such Letter of Credit pursuant hereto.

 

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

 

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

 

(ii)           any amendment, waiver of or any
consent to departure from all or any of the provisions of this Agreement, any
Letter of Credit or any document related hereto or thereto;

 

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

 

23

 

(iv)          the existence of any claim, set-off,
defense or other rights that the Borrower may have at any time against a
beneficiary of a Letter of Credit (or any Person for whom the beneficiary may
be acting), the Lenders (including the Issuing Lender) or any other Person,
whether in connection with this Agreement or the Letter of Credit or any
document related hereto or thereto or any unrelated transaction;

 

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

 

(vi)          payment under a Letter of Credit to
the beneficiary of such Letter of Credit against presentation to the Issuing
Lender of a draft or certificate that does not comply with the terms of the
Letter of Credit; or

 

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

 

(e)           The Borrower hereby indemnifies and
holds harmless each Lender (including the Issuing Lender) and the Administrative
Agent from and against any and all claims, damages, losses, liabilities, costs
or expenses which such Lender or the Administrative Agent may incur (including,
without limitation, any claims, damages, losses, liabilities, costs or expenses
which the Issuing Lender may incur by reason of or in connection with the
failure of any other Lender to fulfill or comply with its obligations to the
Issuing Lender hereunder (but nothing herein contained shall affect any rights
the Borrower may have against such defaulting Lender)), and none of the Lenders
(including the Issuing Lender) nor the Administrative Agent nor any of their
officers or directors or employees or agents shall be liable or responsible, by
reason of or in connection with the execution and delivery or transfer of or
payment or failure to pay under any Letter of Credit, including without
limitation any of the circumstances enumerated in subsection (d) above, as
well as (i) any error, omission, interruption or delay in transmission or
delivery of any messages, by mail, cable, telegraph, telex or otherwise,
(ii) any error in interpretation of technical terms, (iii) any loss
or delay in the transmission of any document required in order to make a
drawing under a Letter of Credit, (iv) any consequences arising from
causes beyond the control of the Issuing Lender, including without limitation
any government acts, or any other circumstances whatsoever in making or failing
to make payment under such Letter of Credit; provided that the Borrower
shall not be required to indemnify the Issuing Lender for any claims, damages,
losses, liabilities, costs or expenses, and the Borrower shall retain any claim
for damages suffered by it, to the extent found by a court of competent
jurisdiction to have been caused by (x) the willful misconduct or gross
negligence of the Issuing Lender in determining whether a request presented
under any Letter of Credit complied with the terms of such Letter of Credit or
(y) the Issuing Lender’s failure to pay under any Letter of Credit after
the presentation to it of a draft strictly complying with the terms and
conditions of the Letter of Credit. 
Nothing in this subsection (e) is intended to limit the
obligations of the Borrower under any other provision of this Agreement.  To the extent the Borrower does not

 

24

 

indemnify the Issuing
Lender as required by this subsection, the Lenders agree to do so ratably in
accordance with their Commitments.

 

(f)            Unless otherwise expressly agreed by
the Issuing Lender and the Borrower when a Letter of Credit is issued
(including any such agreement applicable to any Existing Letter of Credit), (i)
the rules of the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version
thereof as may be in effect at the time of issuance) shall apply to each
standby Letter of Credit, and (ii) the rules of the Uniform Customs and
Practice for Documentary Credits, as most recently published by the International
Chamber of Commerce (the “ICC”) at the time of issuance (including the
ICC decision published by the Commission on Banking Technique and Practice on
April 6, 1998 regarding the European single currency (euro)) shall apply to
each commercial Letter of Credit.

 

2.22         Regulation
D Compensation.  Each Lender may
require the Borrower to pay, contemporaneously with each payment of interest on
the Euro-Dollar Loans, additional interest on the related Euro-Dollar Loan of
such Lender at a rate per annum determined by such Lender up to but not
exceeding the excess of (i) (A) the applicable Euro-Dollar Rate divided by
(B) one minus the Euro-Dollar Reserve Percentage over (ii) the
applicable Euro-Dollar Rate.  Any Lender
wishing to require payment of such additional interest (x) shall so notify
the Borrower and the Administrative Agent, in which case such additional
interest on the Euro-Dollar Loans of such Lender shall be payable to such
Lender at the place indicated in such notice with respect to each Interest Period
commencing at least three Euro-Dollar Business Days after the giving of such
notice and (y) shall notify the Borrower at least five Euro-Dollar
Business Days prior to each date on which interest is payable on the
Euro-Dollar Loans of the amount then due it under this Section.

 

2.23         Extension
of Termination Date.  The
Termination Date may be extended once in each year, in the manner set forth in
this Section, on November 30, 2004 and on each anniversary of such date
which falls not less than one year prior to the Termination Date (as
theretofore extended) for a period of one year after the date on which the
Termination Date would otherwise have occurred.  If the Borrower wishes to extend the Termination Date, it shall
give written notice to that effect to the Administrative Agent not less than 90
days nor more than 150 days following the delivery to the Administrative Agent
of the audited annual financial statements of Borrower in accordance with
Section 5.01(a), whereupon the Administrative Agent shall notify each of
the Lenders of such notice.  Each Lender
will respond to such request, whether affirmatively or negatively, within 30
days (the “Response Date”).  If a Lender
or Lenders respond negatively or fail to timely respond to such request, but
such non-extending Lender(s) have Commitment(s) aggregating less than
33 1/3% of the aggregate amount of the Commitments, the Borrower shall,
for a period of up to 60 days following the Response Date (but in any event not
later than 15 days prior to the then effective Termination Date), have the
right, with the assistance of the Administrative Agent, to seek a mutually
satisfactory substitute financial institution or financial institutions (which
may be one or more of the Lenders) to assume the Commitment(s) of such
non-extending Lender(s).  No Lender
which fails to consent shall be deemed to have consented to a request by the
Borrower under this Section.  Not later
than the third Domestic Business Day prior to the end of such period (whether
of 60 days or shorter), the Borrower shall, by notice to the Lenders through
the Administrative Agent, either (i) terminate, effective on the third
Domestic Business Day after the giving of such notice, the

 

25

 

Commitment(s) of such
non-extending Lender(s), whereupon the Lenders who have consented to the
extension shall continue with their commitments unaffected to lend subject to
the terms of this Agreement to the new Termination Date, or (ii) designate one
or more new financial institutions reasonably acceptable to the Administrative
Agent to assume the Commitments of such non-extending Lenders, whereupon the
aggregate amount of such Commitment(s) shall be assumed by such substitute
financial institution or financial institutions within such 60-day period or
(iii) withdraw its request for an extension of the Termination Date, in
which case the Commitments shall continue unaffected.  The failure of the Borrower to timely take the actions
contemplated by clause (i) or (ii) of the preceding sentence shall be deemed a
withdrawal of its request for an extension as contemplated by clause (ii)
whether or not notice to such effect is given. 
So long as Lenders having Commitment(s) totaling not less than 66 2/3%
of the aggregate amount of the Commitment(s) shall have responded affirmatively
to such a request, and such request is not withdrawn in accordance with the
preceding sentence, then, subject to receipt by the Administrative Agent of
counterparts of an Extension Agreement in substantially the form of Exhibit G
duly completed and signed by all of the parties hereto (other than
non-consenting Lenders), the Termination Date shall be extended for the period
set forth in this Section 2.23 and in the Extension Agreement.

 

2.24         Increased Commitments; Additional
Lenders.

 

(a)           Following the Effective Date, the
Borrower may, from time to time, increase the aggregate amount of the
Commitments in accordance with this Section. 
The aggregate principal amount of the increases to the Commitments made
pursuant to this Section (the amount of any such increase, the “Increased
Commitments”) shall not exceed $250,000,000. 
Borrower shall provide at least 30 days’ notice to the
Administrative Agent (or such shorter prior notice as the Administrative Agent
may agree to accept) of any request to increase the Commitments.  The Borrower may designate any Lender (with
the consent of such Lender, which may be given or withheld in its sole
discretion) or another Person which qualifies as an Eligible Assignee (which
may be, but need not be, one or more of the existing Lenders) which at the time
agrees to (i) in the case of any such designated Lender that is an
existing Lender, increase its Commitment and (ii) in the case of any other
such Person (an “Additional Lender”), become a party to this Agreement.  The sum of the increases in the Commitments
of the existing Lenders pursuant to this subsection (b) plus the
Commitments of the Additional Lenders shall not in the aggregate exceed the
unsubscribed amount of the Increased Commitments.

 

(b)           An increase in the aggregate amount
of the Commitments pursuant to this Section 2.24 shall become effective
upon the receipt by the Administrative Agent of an agreement in form and
substance satisfactory to the Administrative Agent signed by the Borrower, by
each Additional Lender and by each other Lender whose Commitment is to be
increased, setting forth the new Commitments of such Lenders and setting forth
the agreement of each Additional Lender to become a party to this Agreement and
to be bound by all the terms and provisions hereof, together with such evidence
of appropriate corporate authorization on the part of the Borrower with respect
to the Increased Commitments and such opinions of counsel for the Borrower with
respect to the Increased Commitments as the Administrative Agent may reasonably
request.

 

26

 

ARTICLE 3

CONDITIONS

 

3.01      Borrowings and Issuances of Letters
of Credit.  The obligation of
any Lender to make a Loan on the occasion of any Borrowing, the obligation of
the Issuing Lender to issue (or renew or extend the term of) any Letter of
Credit and the obligation of the Swing Line Lender to make any Swing Line Loan
are each subject to the satisfaction of the following conditions:

 

(a)           receipt by the Administrative Agent
of a Notice of Borrowing as required by Section 2.02, or receipt by the
Issuing Lender of a Notice of Issuance as required by Section 2.21(b), as
the case may be;

 

(b)           immediately after such Borrowing or
issuance of a Letter of Credit, the sum of the aggregate outstanding principal
amount of the Loans and Swing Line Loans and the aggregate amount of Letter of
Credit Liabilities will not exceed the aggregate amount of the Commitments;

 

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

 

(d)           the representations and warranties of
the Borrower contained in this Agreement (except the representations and
warranties set forth in Section 4.04(b) and Section 4.05, in each
case as to any matter which has theretofore been disclosed in writing by the
Borrower to the Lenders) shall be true on and as of the date of such Borrowing
or issuance of such Letter of Credit; and

 

(e)           in the case of an issuance of a
Letter of Credit, immediately after such issuance of a Letter of Credit, the
aggregate amount of the Letter of Credit Liabilities shall not exceed the
Letter of Credit Commitment.

 

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

 

3.02      Effective
Date.  As conditions precedent
to the Effective Date and the making of the initial Loans, Swing Line Loans and
Letters of Credit hereunder, each of the following conditions shall have been
satisfied (or waived in accordance with Section 9.04):

 

(a)           receipt by the Administrative Agent
of counterparts hereof signed by each of the parties hereto (or, in the case of
any party as to which an executed counterpart shall not have been received,
receipt by the Administrative Agent in form satisfactory to it of telegraphic,
telex or other written confirmation from such party of execution of a
counterpart hereof by such party); and

 

(b)           receipt by the Administrative Agent
for the account of each Lender of a duly executed Note dated as of the
Effective Date and the Swing Line Note;

 

27

 

(c)           receipt by the Administrative Agent
of an opinion of Gibson, Dunn & Crutcher, LLP substantially in the form of
Exhibit E hereto;

 

(d)           receipt by the Administrative Agent
of all documents it may reasonably request relating to the existence of the
Borrower, the corporate authority for and the validity of the Loan Documents,
and any other matters relevant hereto, all in form and substance satisfactory
to the Administrative Agent;

 

(e)           there shall not have occurred a
Material Adverse Effect since December 31, 2002;

 

(f)            receipt by the Administrative Agent
and Banc of America Securities LLC of the fees required to be paid on the
Effective Date by the letter agreement referred to in Sections 2.09, 2.10
and 7.09;

 

(g)           The Company shall have terminated the
Existing Credit Facility and that certain Short Term Credit Agreement dated as
of November 26, 2002 among the Company, various lenders, and Bank of
America, as administrative agent, and repaid each of the loans and terminated
each of the outstanding letters of credit and other credit accommodations made
thereunder (other than the Existing Letters of Credit) pursuant to arrangements
acceptable to the Administrative Agent; and

 

(h)           the Effective Date shall have
occurred prior to September 30, 2003.

 

The Administrative Agent
shall promptly notify the Borrower and each Lender of the effectiveness of this
Agreement, and such notice shall be conclusive and binding on all parties
hereto.

 

ARTICLE 4

REPRESENTATIONS AND WARRANTIES

 

The Borrower represents
and warrants that:

 

4.01      Corporate Existence and Power.  The Borrower is a corporation duly
incorporated, validly existing and in good standing under the laws of Delaware,
and has all corporate powers and all material governmental licenses, authorizations,
consents and approvals required to carry on its business as now conducted.

 

4.02      Corporate and Governmental
Authorization; Contravention. 
The execution, delivery and performance by the Borrower of the Loan
Documents are within the Borrower’s corporate powers, have been duly authorized
by all necessary corporate action, require no action by or in respect of, or
filing with, any governmental body, agency or official and do not contravene,
or constitute a default under, any provision of applicable law or regulation or
of the certificate of incorporation or by-laws of the Borrower or of any
agreement, judgment, injunction, order, decree or other instrument binding upon
the Borrower (in the case of any such default under the provisions of any agreement
or instrument binding upon the Borrower, except to the extent that the same
could not reasonably be expected, either individually or in the

 

28

 

aggregate, to have a
Material Adverse Effect), or result in the creation or imposition of any Lien
on any asset of the Borrower or any of its Subsidiaries.

 

4.03      Binding
Effect.  This Agreement
constitutes a valid and binding agreement of the Borrower and the Notes, when
executed and delivered in accordance with this Agreement, will constitute valid
and binding obligations of the Borrower, in each case enforceable in accordance
with their respective terms.

 

4.04      Financial Information.

 

(a)           The Borrower’s financial statements
dated as of December 31, 2002 fairly present in all material respects, in
conformity with generally accepted accounting principles, the financial
position of the Borrower and its Subsidiaries as of such date and their
consolidated results of operations and cash flows for such fiscal year; and

 

(b)           Since December 31, 2002, there has
been no Material Adverse Effect.

 

4.05      Litigation.  There is no action, suit or proceeding
pending against, or to the knowledge of the Borrower threatened against or
affecting, the Borrower or any of its Subsidiaries before any court or
arbitrator or any governmental body, agency or official in which there is a
reasonable possibility of an adverse decision which could reasonably be
expected to have a Material Adverse Effect or which in any manner draws into
question the validity or enforceability of any of the Loan Documents.  Without limiting the generality of the
foregoing, with respect to the litigation reported in the Form 10-Q report as
of June 30, 2003, (a) the disclosure contained therein was
accurate as of the date thereof, and (b) since such date there has been no
adverse development which would reasonably be expected to have a Material
Adverse Effect.

 

4.06      Compliance with ERISA.  Each member of the ERISA Group has fulfilled
its obligations under the minimum funding standards of ERISA and the Internal
Revenue Code with respect to each Plan and is in compliance in all material
respects with the presently applicable provisions of ERISA and the Internal
Revenue Code with respect to each Plan. 
No member of the ERISA Group has (i) sought a waiver of the minimum
funding standard under Section 412 of the Internal Revenue Code in respect
of any Plan, (ii) failed to make any contribution or payment to any Plan
or Multiemployer Plan or in respect of any Benefit Arrangement, or made any
amendment to any Plan or Benefit Arrangement, which has resulted or could
result in the imposition of a Lien or the posting of a bond or other security
under ERISA or the Internal Revenue Code or (iii) incurred any liability
under Title IV of ERISA other than a liability to the PBGC for premiums under
Section 4007 of ERISA.

 

4.07      Taxes.  The United States federal income tax returns
of the Borrower and its Subsidiaries have been filed through the fiscal year
ended December 31, 2001.  The Borrower
and its Significant Subsidiaries have filed all United States federal income
tax returns and all other material tax returns which are required to be filed
by them and have paid all taxes due pursuant to such returns or pursuant to any
assessment received by the Borrower or any Subsidiary of the Borrower.  The charges, accruals and reserves on the
books of the Borrower

 

29

 

and its Significant
Subsidiaries in respect of taxes or other governmental charges are, in the
opinion of the Borrower, adequate.

 

4.08      Significant Subsidiaries.  Each of the Significant Subsidiaries is a
corporation duly incorporated, validly existing and in good standing under the
laws of its jurisdiction of incorporation, and has all corporate powers and all
material governmental licenses, authorizations, consents and approvals required
to carry on its business as now conducted.

 

4.09      Not an Investment Company.  The Borrower is not an “investment company”
within the meaning of the Investment Company Act of 1940, as amended.

 

4.10      Environmental Matters.  The Borrower has reasonably concluded that
Environmental Laws are unlikely to have a material adverse effect on the
business, financial position, results of operations or prospects of the
Borrower and its Subsidiaries, considered as a whole.

 

4.11      Full
Disclosure.  All information
heretofore furnished by the Borrower to the Administrative Agent or to any
Lender for purposes of or in connection with this Agreement or any transaction
contemplated hereby is, and all such information hereafter furnished by the
Borrower to the Administrative Agent or any Lender, taken as a whole, will be
true and accurate in all material respects on the date as of which such
information is stated or certified.  The
Borrower has disclosed to the Lenders in writing any and all facts which
materially and adversely affect or may affect (to the extent the Borrower can
now reasonably foresee), the business, operations or financial position of the
Borrower and its Subsidiaries, taken as a whole, or the ability of the Borrower
to perform its obligations under this Agreement.  With respect to any projections or forecasts provided, such
projections or forecasts represent, as of the date thereof, management’s best
estimates based on reasonable assumptions and all available information, but
are subject to the uncertainty inherent in all projections and forecasts.

 

4.12      Tax Shelter Regulations.  The Borrower does not intend to treat the
Loans as being a “reportable transaction” (within the meaning of Treasury
Regulation Section 1.6011-4).  In the
event the Borrower determines to take any action inconsistent with such
intention, it will promptly notify the Administrative Agent thereof.  If the Borrower notifies the Administrative
Agent, the Borrower acknowledges that one or more of the Lenders may treat its
Loans as part of a transaction that is subject to Treasury Regulation Section
301.6112-1, and such Lender or Lenders, as applicable, will maintain the lists
and other records required by such Treasury Regulation.

 

ARTICLE 5

COVENANTS

 

The Borrower agrees that,
so long as any Lender has any Commitment hereunder or any amount payable under
any Note or any Letter of Credit Liability remains unpaid:

 

30

 

5.01      Information.  The Borrower will deliver to the
Administrative Agent and each Lender:

 

(a)           as soon as available and in any event
within 90 days after the end of each fiscal year of the Borrower, the
consolidated balance sheet of the Borrower and its Subsidiaries as of the end
of such fiscal year and the related consolidated statements of income and cash
flows for such fiscal year, setting forth in each case in comparative form the
figures as of the end of and for the previous fiscal year, all reported on in a
manner acceptable to the Securities and Exchange Commission by Ernst &
Young LLP or other independent public accountants of nationally recognized
standing;

 

(b)           as soon as available and in any event
within 60 days after the end of each of the first three quarters of each fiscal
year of the Borrower, the consolidated balance sheet of the Borrower and its
Subsidiaries as of the end of such quarter and the related consolidated
statements of income and cash flows for such quarter and for the portion of the
Borrower’s fiscal year ended at the end of such quarter, setting forth in the
case of such statements of income and cash flows in comparative form the
figures for the corresponding quarter and the corresponding portion of the Borrower’s
previous fiscal year, all certified (subject to normal year-end adjustments) as
to fairness of presentation, generally accepted accounting principles and
consistency by an Authorized Officer;

 

(c)           simultaneously with the delivery of
each set of financial statements referred to in clauses (a) and (b) above, a
Compliance Certificate (i) setting forth in reasonable detail the
calculations required to establish whether the Borrower was in compliance with
the requirements of Section 5.06, Section 5.09 and Section 5.10 on the
date of such financial statements, and (ii) stating whether any Default
exists on the date of such Compliance Certificate and, if any Default then
exists, setting forth the details thereof and the action which the Borrower is taking
or proposes to take with respect thereto;

 

(d)           simultaneously with the delivery of
each set of financial statements referred to in clause (a) above, a statement
of the firm of independent public accountants which reported on such statements
(i) whether anything has come to their attention to cause them to believe
that any Default existed on the date of such statements and
(ii) confirming the calculations set forth in the officer’s certificate
delivered simultaneously therewith;

 

(e)           as soon as available and in any event
not later than the last day of February of each year, a completed Pricing
Certificate as of December 31 of the prior year;

 

(f)            within five Domestic Business Days
of any officer of the Borrower obtaining knowledge of any Default, if such Default
is then continuing, a certificate of an Authorized Officer setting forth the
details thereof and the action which the Borrower is taking or proposes to take
with respect thereto;

 

(g)           promptly upon the mailing thereof to
the shareholders of the Borrower generally, copies of all financial statements,
reports and proxy statements so mailed;

 

(h)           promptly upon the filing thereof,
copies of all registration statements (other than the exhibits thereto and any
registration statements on Form S-8 or its equivalent) and

 

31

 

reports on Forms 10-K,
10-Q and 8-K (or their equivalents) which the Borrower shall have filed with
the Securities and Exchange Commission;

 

(i)            if and when any member of the ERISA
Group (i) gives or is required to give notice to the PBGC of any
“reportable event” (as defined in Section 4043 of ERISA) with respect to
any Plan which might constitute grounds for a termination of such Plan under
Title IV of ERISA, or knows that the plan administrator of any Plan has given
or is required to give notice of any such reportable event, a copy of the
notice of such reportable event given or required to be given to the PBGC;
(ii) receives notice of complete or partial withdrawal liability under Title
IV of ERISA or notice that any Multiemployer Plan is in reorganization, is
insolvent or has been terminated, a copy of such notice; (iii) receives
notice from the PBGC under Title IV of ERISA of an intent to terminate, impose
liability (other than for premiums under Section 4007 of ERISA) in respect
of, or appoint a trustee to administer, any Plan, a copy of such notice;
(iv) applies for a waiver of the minimum funding standard under
Section 412 of the Internal Revenue Code, a copy of such application;
(v) gives notice of intent to terminate any Plan under
Section 4041(c) of ERISA, a copy of such notice and other information
filed with the PBGC; (vi) gives notice of withdrawal from any Plan
pursuant to Section 4063 of ERISA, a copy of such notice; or
(vii) fails to make any payment or contribution to any Plan or
Multiemployer Plan or in respect of any Benefit Arrangement or makes any
amendment to any Plan or Benefit Arrangement which has resulted or could result
in the imposition of a Lien or the posting of a bond or other security, a
certificate of the chief financial officer or the chief accounting officer of
the Borrower setting forth details as to such occurrence and action, if any,
which the Borrower or applicable member of the ERISA Group is required or proposes
to take;

 

(j)            forthwith, notice of any change of
which the Borrower becomes aware in the rating by S&P or Moody’s, of the
Borrower’s outstanding senior unsecured long-term debt securities;

 

(k)           promptly after the Borrower has
notified the Administrative Agent of any intention by the Borrower to treat the
Loans as being a “reportable transaction” (within the meaning of Treasury
Regulation Section 1.6011-4) a duly completed copy of IRS Form 8886 or any
successor form; and

 

(l)            from time to time such additional
information regarding the financial position or business of the Borrower as the
Administrative Agent, at the request of any Lender, may reasonably request.

 

5.02      Maintenance of Property; Insurance.

 

(a)           The Borrower will keep, and will
cause each Significant Subsidiary to keep, all property useful and necessary in
its business in good working order and condition, ordinary wear and tear
excepted, except where failure to do so would not have a material adverse
effect on the business, financial position, results of operations or prospects
of the Borrower and its Subsidiaries, considered as a whole.

 

(b)           The Borrower will, and will cause
each of its Significant Subsidiaries to, maintain (either in the name of the
Borrower or in such Subsidiary’s own name) with financially

 

32

 

sound and responsible
insurance companies, insurance on all their respective properties in at least
such amounts and against at least such risks (and with such risk retention) as
are usually insured against in the same general area by companies of
established repute engaged in the same or a similar business and will furnish
to the Lenders, upon request from the Administrative Agent, information
presented in reasonable detail as to the insurance so carried.  Notwithstanding the foregoing, the Borrower
may self-insure with respect to such risks with respect to which companies of
established repute engaged in the same or similar business in the same general
area usually self-insure.

 

5.03      Conduct of Business and Maintenance
of Existence.  The Borrower will
continue, and will cause each Significant Subsidiary to continue, to engage in
business of the same general type as now conducted by the Borrower and its
Significant Subsidiaries, and will preserve, renew and keep in full force and
effect, and will cause each Subsidiary of the Borrower to preserve, renew and
keep in full force and effect their respective corporate existence and their
respective rights, privileges and franchises necessary or desirable in the
normal conduct of business; provided that nothing in this Section 5.03
shall prohibit (i) the merger of a Subsidiary of the Borrower into the
Borrower or the merger or the consolidation of a Subsidiary of the Borrower
with or into another Person if the corporation surviving such consolidation or
merger is a Subsidiary of the Borrower and if, in each case, after giving
effect thereto, no Default shall have occurred and be continuing or
(ii) the termination of the corporate existence of any Subsidiary of the
Borrower if the Borrower in good faith determines that such termination is in
the best interest of the Borrower and is not materially disadvantageous to the
Lenders.

 

5.04      Compliance with Laws.  The Borrower will comply, and cause each Significant
Subsidiary to comply, in all material respects with all applicable laws,
ordinances, rules, regulations, and requirements of governmental authorities
(including, without limitation, Environmental Laws and ERISA and the rules and
regulations thereunder), and shall timely file all material tax returns and pay
all material taxes required to be filed by them and so paid, except in each
case where the necessity of compliance therewith is contested in good faith by
appropriate proceedings.

 

5.05      Inspection of Property, Books and
Records.  The Borrower will
keep, and will cause each Significant Subsidiary to keep, proper books of
record and account in which full, true and correct entries shall be made of all
dealings and transactions in relation to its business and activities; and will
permit, and will cause each Significant Subsidiary to permit, representatives
of any Lender at such Lender’s expense to visit and inspect any of their
respective properties, to examine and make abstracts from any of their respective
books and records and to discuss their respective affairs, finances and
accounts with their respective officers, employees and independent public
accountants, all at such reasonable times and as often as may reasonably be
desired.

 

5.06      Negative
Pledge.  None of the Borrower,
any Covered Subsidiary or any Significant Subsidiary will create, incur (or
permit to incur) or assume any Lien on any asset now owned or hereafter
acquired by it, except:

 

(a)           Liens existing as of the Effective
Date;

 

33

 

(b)           any Lien existing on any asset of any
Person at the time such Person becomes a Subsidiary of the Borrower or at the
time such Person is merged or consolidated with or into the Borrower or a
Subsidiary of the Borrower, in each case where the Lien is not created in
contemplation of such event;

 

(c)           any Lien on any asset securing Debt
incurred or assumed for the purpose of financing all or any part of the cost of
acquiring or constructing such asset (it being understood that, for this
purpose, the acquisition of a Person is also an acquisition of the assets of
such Person); provided that the Lien attaches to such asset concurrently with
or within 180 days after the acquisition thereof, or such longer period, not to
exceed 12 months, due to the Borrower’s inability to retain the requisite
governmental approvals with respect to such acquisition; provided further that,
in the case of real estate, (i) the Lien attaches within 12 months after
the latest of the acquisition thereof, the completion of construction thereon
or the commencement of full operation thereof and (ii) the Debt so secured
does not exceed the sum of (x) the purchase price of such real estate plus
(y) the costs of such construction;

 

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

 

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

 

(f)            Liens arising in the ordinary course
of its business which (i) do not secure Debt, (ii) do not secure any single
obligation in an amount exceeding $50,000,000 and (iii) do not in the aggregate
materially detract from the value of its assets or materially impair the use
thereof in the operation of its business;

 

(g)           Liens securing Debt of a Subsidiary
of the Borrower to the Borrower or another Subsidiary of the Borrower; and

 

(h)           Liens not otherwise permitted by the
foregoing clauses of this Section encumbering assets of the Borrower and
its Subsidiaries having an aggregate fair market value which is not in excess
of 10% of Consolidated Net Tangible Assets (determined, in each case, by
reference to the most recent date prior to the incurrence or assumption of such
Lien for which Borrower has delivered its financial statements under
Section 5.01(a) or Section 5.01(b), as applicable).

 

5.07      Consolidations, Mergers and Sales of
Assets.  The Borrower will not
(i) consolidate or merge with or into any other Person or (ii) sell,
lease or otherwise transfer all or any substantial part of the assets of the
Borrower and its Subsidiaries, taken as a whole, to any other Person; provided
that, the Borrower may merge with another Person if (A) the Borrower is
the corporation surviving such merger and (B) immediately after giving
effect to such merger, no Default shall have occurred and be continuing.

 

5.08      Use
of Proceeds.  The proceeds of
the Loans made under this Agreement will be used by the Borrower and its
Subsidiaries for general corporate purposes. 
None of such proceeds

 

34

 

will be used, directly or
indirectly, for the purpose, whether immediate, incidental or ultimate, of
buying or carrying any “margin stock” within the meaning of Regulation U in any
manner that would violate Regulation X or result in a violation of Regulation
U.

 

5.09      Leverage
Ratio.  The Leverage Ratio will
not, as of the last day of any fiscal quarter of Borrower described in the
matrix below, exceed the ratio set forth opposite that fiscal quarter:

 

	
  Fiscal Quarters Ending

  	
   

  	
  Maximum
  Ratio

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  September
  30, 2003 through and including December 31, 2004

  	
   

  	
  5.00:1.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  March
  31, 2005 through and including December 31, 2005

  	
   

  	
  4.75:1.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Thereafter

  	
   

  	
  4.50:1.00.

  	
   

  

 

5.10      Interest Coverage Ratio.  The Interest Coverage Ratio shall not, as of
the last day of any fiscal quarter of Borrower, be less than 2.50:1.00.

 

ARTICLE 6

DEFAULTS

 

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

 

(a)           the Borrower shall fail to (i)
reimburse any drawing under any Letter of Credit when required hereunder or
(ii) pay when due any principal of any Loan or Swing Line Loan under this
Agreement, or (iii) pay within five days of the due date thereof any interest,
fees or other amount payable hereunder;

 

(b)           the Borrower shall fail to observe or
perform any covenant contained in Sections 5.06 to 5.10, inclusive;

 

(c)           the Borrower shall fail to observe or
perform any covenant or agreement contained in this Agreement (other than those
covered by clause (a) or (b) above) for 7 days after written notice thereof has
been given to the Borrower by the Administrative Agent at the request of any
Lender;

 

(d)           any representation, warranty,
certification or statement made or deemed made by the Borrower in this
Agreement or in any certificate, financial statement or other document
delivered pursuant to this Agreement shall prove to have been incorrect in any
material respect when made (or deemed made);

 

(e)           the Borrower or any Covered
Subsidiary or any Significant Subsidiary shall fail to make any payment in
respect of any Debt (other than the Notes and Non-Recourse Debt) when due or
within any applicable grace period and the aggregate principal amount of such
Debt is in excess of $100,000,000;

 

35

 

(f)            any event or condition shall occur
which results in the acceleration of the maturity of any Debt (other than Non-Recourse
Debt) in excess of $100,000,000 of the Borrower or any Covered Subsidiary
or any Significant Subsidiary or enables the holder of such Debt or any Person
acting on such holder’s behalf to accelerate the maturity thereof;

 

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

 

(h)           an involuntary case or other
proceeding shall be commenced against the Borrower or any Significant
Subsidiary seeking liquidation, reorganization or other relief with respect to
it or its debts under any bankruptcy, insolvency or other similar law now or
hereafter in effect or seeking the appointment of a trustee, receiver,
liquidator, custodian or other similar official of it or any substantial part
of its property, and such involuntary case or other proceeding shall remain
undismissed and unstayed for a period of 60 days; or an order for relief shall
be entered against the Borrower or any Significant Subsidiary under the federal
bankruptcy laws as now or hereafter in effect;

 

(i)            any member of the ERISA Group shall
fail to pay when due an amount or amounts aggregating in excess of $5,000,000
which it shall have become liable to pay under Title IV of ERISA; or notice of
intent to terminate a Material Plan shall be filed under Title IV of ERISA by
any member of the ERISA Group, any plan administrator or any combination of the
foregoing; or the PBGC shall institute proceedings under Title IV of ERISA to
terminate, to impose liability (other than for premiums under Section 4007
of ERISA) in respect of, or to cause a trustee to be appointed to administer,
any Material Plan; or a condition shall exist by reason of which the PBGC would
be entitled to obtain a decree adjudicating that any Material Plan must be
terminated; or there shall occur a complete or partial withdrawal from, or a
default, within the meaning of Section 4219(c)(5) of ERISA, with respect
to, one or more Multiemployer Plans which could cause one or more members of
the ERISA Group to incur a current payment obligation in excess of $25,000,000;

 

(j)            a judgment or order for the payment
of money shall be rendered against the Borrower or any Subsidiary of the
Borrower in excess of $25,000,000 (in the aggregate for the Borrower and its
Subsidiaries) and such judgment or order shall continue unsatisfied and
unstayed for a period of 30 days; or

 

(k)           any Loan Document, at any time after
its execution and delivery and for any reason other than as expressly permitted
hereunder or satisfaction in full of all the Obligations, ceases to be in full
force and effect; or the Borrower or any other Person contests in any manner the
validity or enforceability of any Loan Document; or the Borrower denies that it

 

36

 

has any or further
liability or obligation under any Loan Document, or purports to revoke,
terminate or rescind any Loan Document;

 

then, and in every such
event, the Administrative Agent shall (i) if requested by the Required
Lenders, by notice to the Borrower terminate the Commitments and they shall
thereupon terminate, and (ii) if requested by the Required Lenders, by notice
to the Borrower declare the Loans and the Letter of Credit Liabilities
(together with accrued interest thereon) to be, and the Loans and Letter of
Credit Liabilities (together with accrued interest thereon) shall thereupon
become, immediately due and payable without presentment, demand, protest or
other notice of any kind, all of which are hereby waived by the Borrower; provided
that in the case of any of the Events of Default specified in clause (g) or (h)
above with respect to the Borrower, without any notice to the Borrower or any
other act by the Administrative Agent or the Lenders, the Commitments shall
thereupon terminate and the Loans and Letter of Credit Liabilities (together
with accrued interest thereon) shall become immediately due and payable without
presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrower.

 

6.02      Notice
of Default.  The Administrative
Agent shall give notice to the Borrower under Section 6.01(c) promptly
upon being requested to do so by any Lender and shall thereupon notify all the
Lenders thereof.

 

6.03      Cash
Cover.  The Borrower agrees, in
addition to the provisions of Section 6.01 hereof, that upon the
occurrence and during the continuance of any Event of Default, it shall, if requested
by the Administrative Agent upon the instruction of the Required Lenders, pay
to the Administrative Agent an amount in immediately available funds (which
funds shall be held as collateral pursuant to arrangements satisfactory to the
Administrative Agent) equal to the aggregate amount available for drawing under
all Letters of Credit then outstanding at such time, provided that, upon the
occurrence of any Event of Default specified in Section 6.01(g) or 6.01(h)
with respect to the Borrower, the Borrower shall pay such amount forthwith
without any notice or demand or any other act by the Administrative Agent or
the Lenders.

 

ARTICLE 7

THE ADMINISTRATIVE AGENT

 

7.01      Appointment and Authorization of
Administrative Agent.

 

(a)           Each Lender hereby irrevocably
appoints, designates and authorizes the Administrative Agent to take such
action on its behalf under the provisions of this Agreement and each other Loan
Document and to exercise such powers and perform such duties as are expressly
delegated to it by the terms of this Agreement or any other Loan Document,
together with such powers as are reasonably incidental thereto.  Notwithstanding any provision to the
contrary contained elsewhere herein or in any other Loan Document, the
Administrative Agent shall not have any duties or responsibilities, except
those expressly set forth herein, nor shall the Administrative Agent have or be
deemed to have any fiduciary relationship with any Lender or participant, and
no implied covenants, functions, responsibilities, duties, obligations or
liabilities shall be read into this Agreement or any other Loan Document or
otherwise exist against the Administrative Agent.  Without limiting the generality of the foregoing sentence, the use
of the term “agent” herein and in the other Loan Documents with reference to
the Administrative Agent

 

37

 

is not intended to
connote any fiduciary or other implied (or express) obligations arising under
agency doctrine of any applicable law. 
Instead, such term is used merely as a matter of market custom, and is
intended to create or reflect only an administrative relationship between
independent contracting parties.

 

(b)           The Issuing Lender shall act on
behalf of the Lenders with respect to any Letters of Credit issued by it and
the documents associated therewith, and the Issuing Lender shall have all of
the benefits and immunities (i) provided to the Administrative Agent in
this Article 7 with respect to any acts taken or omissions suffered by the
Issuing Lender in connection with Letters of Credit issued by it or proposed to
be issued by it and the applications and agreements for letters of credit
pertaining to such Letters of Credit as fully as if the term “Administrative
Agent” as used in this Article 7 and in the definition of “Agent-Related
Person” included the Issuing Lender with respect to such acts or omissions, and
(ii) as additionally provided herein with respect to the Issuing Lender.

 

7.02      Delegation of Duties.  The Administrative Agent may execute any of
its duties under this Agreement or any other Loan Document by or through
agents, employees or attorneys-in-fact and shall be entitled to advice of
counsel and other consultants or experts concerning all matters pertaining to
such duties.  The Administrative Agent
shall not be responsible to any Lender for the negligence or misconduct of any
agent or attorney-in-fact that it selects in the absence of gross negligence or
willful misconduct.

 

7.03      Liability of Administrative Agent.  No Agent-Related Person shall (a) be liable
to any Lender for any action taken or omitted to be taken by any of them under
or in connection with this Agreement or any other Loan Document or the
transactions contemplated hereby (except for its own gross negligence or
willful misconduct in connection with its duties expressly set forth herein),
or (b) be responsible in any manner to any Lender or Participant for any
recital, statement, representation or warranty made by the Borrower or any
officer thereof, contained herein or in any other Loan Document, or in any
certificate, report, statement or other document referred to or provided for
in, or received by the Administrative Agent under or in connection with, this
Agreement or any other Loan Document, or the validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Loan
Document, or for any failure of the Borrower or any other party to any Loan
Document to perform its obligations hereunder or thereunder.  Except to the extent set forth in
Article 3 with respect to items required to be delivered to it, no
Agent-Related Person shall be under any obligation to any Lender or Participant
to ascertain or to inquire as to the observance or performance of any of the
agreements contained in, or conditions of, this Agreement or any other Loan
Document, or to inspect the properties, books or records of the Borrower or any
Affiliate thereof.

 

7.04      Reliance by Administrative Agent.

 

(a)           The Administrative Agent shall be
entitled to rely, and shall be fully protected in relying, upon any writing,
communication, signature, resolution, representation, notice, consent,
certificate, affidavit, letter, telegram, facsimile, telex or telephone
message, electronic mail message, statement or other document or conversation
believed by it to be genuine and correct and to have been signed, sent or made
by the proper Person or Persons, and upon advice and statements of legal
counsel (including counsel to the Borrower), independent

 

38

 

accountants and other
experts selected by the Administrative Agent. 
The Administrative Agent shall be fully justified in failing or refusing
to take any action under any Loan Document unless it shall first receive such
advice or concurrence of the Required Lenders as it deems appropriate and, if
it so requests, it shall first be indemnified to its satisfaction by the
Lenders against any and all liability and expense which may be incurred by it
by reason of taking or continuing to take any such action.  The Administrative Agent shall in all cases
be fully protected in acting, or in refraining from acting, under this
Agreement or any other Loan Document in accordance with a request or consent of
the Required Lenders (or such greater number of Lenders as may be expressly
required hereby in any instance) and such request and any action taken or
failure to act pursuant thereto shall be binding upon all the Lenders.

 

(b)           For purposes of determining
compliance with the conditions specified in Section 3.02, each Lender that has
signed this Agreement shall be deemed to have consented to, approved or
accepted or to be satisfied with, each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to a
Lender unless the Administrative Agent shall have received notice from such
Lender prior to the proposed Effective Date specifying its objection thereto.

 

7.05      Notice of Default.  The Administrative Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default, except with respect to defaults in the
payment of principal, interest and fees required to be paid to the
Administrative Agent for the account of the Lenders, unless the Administrative
Agent shall have received written notice from a Lender or the Borrower
referring to this Agreement, describing such Default and stating that such
notice is a “notice of default.”  The
Administrative Agent will notify the Lenders of its receipt of any such
notice.  The Administrative Agent shall
take such action with respect to such Default as may be directed by the
Required Lenders in accordance with Article 6; provided, however,
that unless and until the Administrative Agent has received any such direction,
the Administrative Agent may (but shall not be obligated to) take such action,
or refrain from taking such action, with respect to such Default as it shall
deem advisable or in the best interest of the Lenders.

 

7.06      Credit Decision; Disclosure of
Information by Administrative Agent. 
Each Lender acknowledges that no Agent-Related Person has made any
representation or warranty to it, and that no act by the Administrative Agent
hereafter taken, including any consent to and acceptance of any assignment or
review of the affairs of the Borrower or any Affiliate thereof, shall be deemed
to constitute any representation or warranty by any Agent-Related Person to any
Lender as to any matter, including whether Agent-Related Persons have disclosed
material information in their possession. 
Each Lender represents to the Administrative Agent that it has,
independently and without reliance upon any Agent-Related Person and based on
such documents and information as it has deemed appropriate, made its own
appraisal of and investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of the Borrower
and its Subsidiaries, and all applicable bank or other regulatory laws relating
to the transactions contemplated hereby, and made its own decision to enter
into this Agreement and to extend credit to the Borrower hereunder.  Each Lender also represents that it will,
independently and without reliance upon any Agent-Related Person and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit analysis, appraisals and decisions in taking or
not taking action under this Agreement and

 

39

 

the other Loan Documents,
and to make such investigations as it deems necessary to inform itself as to
the business, prospects, operations, property, financial and other condition
and creditworthiness of the Borrower. 
Except for notices, reports and other documents expressly required to be
furnished to the Lenders by the Administrative Agent herein, the Administrative
Agent shall not have any duty or responsibility to provide any Lender with any
credit or other information concerning the business, prospects, operations,
property, financial and other condition or creditworthiness of the Borrower or
any of its Affiliates which may come into the possession of any Agent-Related
Person.

 

7.07      Indemnification of Administrative
Agent.  Whether or not the
transactions contemplated hereby are consummated, the Lenders shall indemnify
upon demand each Agent-Related Person (to the extent not reimbursed by or on
behalf of the Borrower and without limiting the obligation of the Borrower to
do so), pro rata, and hold harmless each Agent-Related Person from and against
any and all Indemnified Liabilities incurred by it; provided, however,
that no Lender shall be liable for the payment to any Agent-Related Person of
any portion of such Indemnified Liabilities to the extent determined in a
final, nonappealable judgment by a court of competent jurisdiction to have
resulted from such Agent-Related Person’s own gross negligence or willful
misconduct; provided, however, that no action taken in accordance
with the directions of the Required Lenders shall be deemed to constitute gross
negligence or willful misconduct for purposes of this Section.  Without limitation of the foregoing, each
Lender shall reimburse the Administrative Agent upon demand for its ratable
share of any costs or out-of-pocket expenses (including Attorney Costs)
incurred by the Administrative Agent in connection with the preparation,
execution, delivery, administration, modification, amendment or enforcement
(whether through negotiations, legal proceedings or otherwise) of, or legal
advice in respect of rights or responsibilities under, this Agreement, any
other Loan Document, or any document contemplated by or referred to herein, to
the extent that the Administrative Agent is not reimbursed for such expenses by
or on behalf of the Borrower.  The
undertaking in this Section shall survive termination of the Commitments, the
payment of all other Obligations and the resignation of the Administrative
Agent.

 

7.08      Administrative Agent in its
Individual Capacity.  Bank of
America and its Affiliates may make loans to, issue letters of credit for the
account of, accept deposits from, acquire equity interests in and generally
engage in any kind of banking, trust, financial advisory, underwriting or other
business with the Borrower and its Affiliates as though Bank of America were
not the Administrative Agent or Issuing Lender hereunder and without notice to
or consent of the Lenders.  The Lenders
acknowledge that, pursuant to such activities, Bank of America or its
Affiliates may receive information regarding the Borrower or its Affiliates (including
information that may be subject to confidentiality obligations in favor of the
Borrower or such Affiliate) and acknowledge that the Administrative Agent shall
be under no obligation to provide such information to them.  With respect to its Loans, Bank of America
shall have the same rights and powers under this Agreement as any other Lender
and may exercise such rights and powers as though it were not the
Administrative Agent, and the terms “Lender” and “Lenders” include Bank of
America in its individual capacity.

 

7.09      Successor Administrative Agent.  The Administrative Agent may resign as
Administrative Agent upon 30 days’ notice to the Lenders; provided that any
such resignation by Bank of America shall also constitute its resignation as
Issuing Lender and Swing Line Lender.

 

40

 

If the Administrative
Agent resigns under this Agreement, the Required Lenders shall appoint from
among the Lenders a successor administrative agent for the Lenders, which successor
administrative agent shall be consented to by the Borrower at all times other
than during the existence of an Event of Default (which consent of the Borrower
shall not be unreasonably withheld or delayed).  If no successor administrative agent is appointed prior to the
effective date of the resignation of the Administrative Agent, the
Administrative Agent may appoint, after consulting with the Lenders and the
Borrower, a successor administrative agent from among the Lenders.  Upon the acceptance of its appointment as
successor administrative agent hereunder, the Person acting as such successor
administrative agent shall succeed to all the rights, powers and duties of the
retiring Administrative Agent, Issuing Lender and Swing Line Lender and the respective
terms “Administrative Agent”, “Issuing Lender” and “Swing Line Lender” shall
mean such successor Administrative Agent, Issuing Lender and Swing Line Lender
and the retiring Administrative Agent’s appointment, powers and duties as
Administrative Agent shall be terminated and the retiring Issuing Lender’s and
Swing Line Lender’s rights, powers and duties as such shall be terminated,
without any other or further act or deed on the part of such retiring Issuing
Lender or Swing Line Lender or any other Lender, other than the obligation of
the successor Issuing Lender to issue letters of credit in substitution for the
Letters of Credit, if any, outstanding at the time of such succession or to
make other arrangements satisfactory to the retiring Issuing Lender to
effectively assume the obligations of the retiring Issuing Lender with respect
to such Letters of Credit.  After any
retiring Administrative Agent’s resignation hereunder as Administrative Agent,
the provisions of this Article 7 and Section 9.03 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was
Administrative Agent under this Agreement. 
If no successor administrative agent has accepted appointment as
Administrative Agent by the date which is 30 days following a retiring
Administrative Agent’s notice of resignation, the retiring Administrative
Agent’s resignation shall nevertheless thereupon become effective and the
Lenders shall perform all of the duties of the Administrative Agent hereunder
until such time, if any, as the Required Lenders appoint a successor agent as
provided for above.

 

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

 

(a)           to file and prove a claim for the
whole amount of the principal and interest owing and unpaid in respect of the
Loans, Letter of Credit Liabilities and all other Obligations that are owing
and unpaid and to file such other documents as may be necessary or advisable in
order to have the claims of the Lenders and the Administrative Agent (including
any claim for the reasonable compensation, expenses, disbursements and advances
of the Lenders and the Administrative Agent and their respective agents and
counsel and all other amounts due the Lenders and the Administrative Agent under
Section 9.03) allowed in such judicial proceeding; and

 

41

 

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

 

and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender to make
such payments to the Administrative Agent and, in the event that the
Administrative Agent shall consent to the making of such payments directly to
the Lenders, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the
Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Section 9.03.

 

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

 

7.11      Other Agents; Arrangers and Managers.  None of the Lenders or other Persons
identified in this Agreement as a “syndication agent,” “co-documentation
agent,” “joint lead arranger,” “sole book manager” or “senior managing agent”
shall have any right, power, obligation, liability, responsibility or duty
under this Agreement other than, in the case of such Lenders, those applicable
to all Lenders as such.  Without
limiting the foregoing, none of the Lenders or other Persons so identified
shall have or be deemed to have any fiduciary relationship with any
Lender.  Each Lender acknowledges that
it has not relied, and will not rely, on any of the Lenders or other Persons so
identified in deciding to enter into this Agreement or in taking or not taking
action hereunder.

 

ARTICLE 8

CHANGE IN CIRCUMSTANCES

 

8.01      Basis for Determining Interest Rate
Inadequate or Unfair.  If on or
prior to the first day of any Interest Period for any Fixed Rate Borrowing:

 

(a)           the Administrative Agent is advised
by the Required Lenders that deposits in Dollars and in the required amounts
are not being offered to the Lenders in the relevant market for such Interest
Period, or

 

(b)           in the case of a Committed Borrowing,
the Required Lenders advise the Administrative Agent that the Euro-Dollar Rate,
as determined by the Administrative Agent, will not adequately and fairly
reflect the cost to such Lenders of funding their Euro-Dollar Loans for such
Interest Period,

 

the Administrative Agent
shall forthwith give notice thereof to the Borrower and the Lenders, whereupon
until the Administrative Agent notifies the Borrower that the circumstances
giving rise to such suspension no longer exist, the obligations of the Lenders
to make Euro-Dollar Loans shall be suspended. 
Unless the Borrower notifies the Administrative Agent at least two
Domestic Business Days before the date of any Fixed Rate Borrowing for which a
Notice of Borrowing has previously been given that it elects not to borrow on
such date, if such Fixed Rate

 

42

 

Borrowing is a Committed
Borrowing, such Borrowing shall instead be made as a Base Rate Borrowing.  The Administrative Agent shall promptly
notify the Lenders of any election by the Borrower pursuant to the preceding
sentence.

 

8.02      Illegality.  If, after the date of this Agreement, the
adoption of any applicable law, rule or regulation, or any change in any
applicable law, rule or regulation, or any change in the interpretation or
administration thereof by any governmental authority, central bank or
comparable agency charged with the interpretation or administration thereof, or
compliance by any Lender (or its Euro-Dollar Lending Office) with any request
or directive (whether or not having the force of law) of any such authority,
central bank or comparable agency shall make it unlawful or impossible for any
Lender (or its Euro-Dollar Lending Office) to make, maintain or fund its
Euro-Dollar Loans and such Lender shall so notify the Administrative Agent, the
Administrative Agent shall forthwith give notice thereof to the other Lenders
and the Borrower, whereupon until such Lender notifies the Borrower and the
Administrative Agent that the circumstances giving rise to such suspension no
longer exist, the obligation of such Lender to make Euro-Dollar Loans shall be
suspended.  Before giving any notice to
the Administrative Agent pursuant to this Section, such Lender shall designate
a different Euro-Dollar Lending Office if such designation will avoid the need
for giving such notice and will not, in the sole judgment of such Lender, be
otherwise disadvantageous to such Lender. 
If such Lender shall determine that it may not lawfully continue to
maintain and fund any of its outstanding Euro-Dollar Loans to maturity and
shall so specify in such notice, the Borrower shall immediately prepay in full
the then outstanding principal amount of each such Euro-Dollar Loan, together
with accrued interest thereon. 
Concurrently with prepaying each such Euro-Dollar Loan, the Borrower
shall borrow a Base Rate Loan in an equal principal amount from such Lender (on
which interest and principal shall be payable contemporaneously with the
related Euro-Dollar Loans of the other Lenders), and such Lender shall make
such a Base Rate Loan.

 

8.03      Increased Cost and Reduced Return.

 

(a)           If after the Effective Date, in the
case of any Committed Loan or Letter of Credit or any obligation to make
Committed Loans or issue or participate in any Letter of Credit, the adoption
of any applicable law, rule or regulation, or any change in any applicable law,
rule or regulation, or any change in the interpretation or administration
thereof by any governmental authority, central bank or comparable agency
charged with the interpretation or administration thereof, or compliance by any
Lender (or its Applicable Lending Office) with any request or directive
(whether or not having the force of law) of any such authority, central bank or
comparable agency:

 

(i)            shall subject any Lender (or its
Applicable Lending Office) to any tax, duty or other charge with respect to its
Fixed Rate Loans, its Note or its obligation to make Fixed Rate Loans or its
obligations hereunder in respect of Letters of Credit (other than Excluded
Taxes), or shall change the basis of taxation of payments to any Lender (or its
Applicable Lending Office) of the principal of or interest on its Fixed Rate
Loans or any other amounts due under this Agreement in respect of its Fixed
Rate Loans or its obligation to make Fixed Rate Loans (except for changes in
the rate of tax on the overall net income of such Lender or its Applicable
Lending Office imposed by the jurisdiction

 

43

 

in which such Lender’s
principal executive office or Applicable Lending Office is located); or

 

(ii)           shall impose, modify or deem
applicable any reserve (including, without limitation, any such requirement
imposed by the Board of Governors of the Federal Reserve System, but excluding,
with respect to any Euro-Dollar Loan any such requirement included in the
Euro-Dollar Reserve Percentage), special deposit, insurance assessment or
similar requirement against assets of, deposits with or for the account of, or
credit extended by, any Lender (or its Applicable Lending Office) or shall
impose on any Lender (or its Applicable Lending Office) or on the United States
market for certificates of deposit or the London interbank market any other
condition affecting its Fixed Rate Loans, its Note or its obligation to make
Fixed Rate Loans or its obligations hereunder in respect to Letters of Credit;

 

and the result of any of
the foregoing is to increase the cost to such Lender (or its Applicable Lending
Office) of making or maintaining any Fixed Rate Loan or of issuing or
participating in any Letter of Credit, or to reduce the amount of any sum
received or receivable by such Lender (or its Applicable Lending Office) under
this Agreement or under its Note with respect thereto, by an amount deemed by
such Lender to be material, then, subject to clause (d) of this Section,
within 15 days after demand by such Lender (with a copy to the Administrative
Agent), the Borrower shall pay to such Lender such additional amount or amounts
as will compensate such Lender for such increased cost or reduction.

 

(b)           If, after the Effective Date, any
Lender shall have determined that any applicable law, rule or regulation
regarding capital adequacy (irrespective of the actual timing of the adoption
or implementation thereof and including, without limitation, any law or
regulation adopted pursuant to the July 1988 report of the Basle Committee on
Banking Regulations and Supervisory Practices) or any change therein, or any
change in the interpretation or administration thereof by any governmental
authority, central bank or comparable agency charged with the interpretation or
administration thereof, or compliance by any Lender (or its Applicable Lending
Office) with any request or directive regarding capital adequacy (whether or
not having the force of law) of any such authority, central bank or comparable
agency, has or would have the effect of reducing the rate of return on capital
of such Lender (or its Parent) as a consequence of such Lender’s obligations
hereunder to a level below that which such Lender (or its Parent) could have
achieved but for such law, regulation, change or compliance (taking into consideration
its policies with respect to capital adequacy) by an amount deemed by such
Lender to be material, then, subject to clause (d) of this Section, from
time to time, within 15 days after demand by such Lender (with a copy to the
Administrative Agent), the Borrower shall pay to such Lender such additional
amount or amounts as will compensate such Lender (or its Parent) for such
reduction.

 

(c)           Each Lender will promptly notify the
Borrower and the Administrative Agent of any event of which it has knowledge,
occurring after the date hereof, which will entitle such Lender to compensation
pursuant to this Section and will designate a different Applicable Lending
Office if such designation will avoid the need for, or reduce the amount of,
such

 

44

 

compensation and will
not, in the sole judgment of such Lender, be otherwise disadvantageous to such
Lender.

 

(d)           Borrower shall not be required to
reimburse any Lender for any increased costs, reductions or payments under this
Section arising prior to 90 days preceding the date of any claim or demand by a
Lender for compensation under this Section except to the extent the applicable
law or regulation is imposed retroactively and the demand or claim is made
within 90 days of the effect (in which case such claim or demand shall be
submitted within 90 days of the date upon which such Lender becomes aware or
should reasonably be aware of such law or regulation).  A certificate of any Lender claiming
compensation under this Section and setting forth the additional amount or
amounts to be paid to it hereunder (with detail sufficient to allow the
verification by Borrower of its calculations) shall be conclusive in the
absence of manifest error.  In
determining such amount, such Lender may use any reasonable averaging and
attribution methods.

 

8.04      Base Rate Loans Substituted for
Affected Euro-Dollar Loans.  If
(i) the obligation of any Lender to make Euro-Dollar Loans has been
suspended pursuant to Section 8.02 or (ii) any Lender has demanded
compensation under Section 8.03(a) and the Borrower shall, by at least
five Euro-Dollar Business Days’ prior notice to such Lender through the
Administrative Agent, have elected that the provisions of this Section shall
apply to such Lender, then, unless and until such Lender notifies the Borrower
that the circumstances giving rise to such suspension or demand for
compensation no longer exist:

 

(a)           all Loans which would otherwise be
made by such Lender as Euro-Dollar Loans shall be made instead as Base Rate
Loans (on which interest and principal shall be payable contemporaneously with
the related Euro-Dollar Loans of the other Lenders), and

 

(b)           after each of its Euro-Dollar Loans
has been repaid, all payments of principal which would otherwise be applied to
repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans
instead.

 

ARTICLE 9

MISCELLANEOUS

 

9.01      Notices.  Unless otherwise expressly provided herein,
all notices and other communications provided for hereunder shall be in writing
(including by facsimile transmission). 
All such written notices shall be mailed, faxed or delivered to the
applicable address, facsimile number or (subject to subsection (d) below)
electronic mail address, and all notices and other communications expressly
permitted hereunder to be given by telephone shall be made to the applicable
telephone number, as follows:

 

(a)           if to the Borrower, the
Administrative Agent, the Issuing Lender or the Swing Line Lender to the
address, facsimile number, electronic mail address or telephone number
specified for such Person on its signature page hereto or to such other
address, facsimile number, electronic mail address or telephone number as shall
be designated by such party in a notice to the other parties; and

 

45

 

(b)           if to any other Lender, to the
address, facsimile number, electronic mail address or telephone number
specified in its Administrative Questionnaire or to such other address,
facsimile number, electronic mail address or telephone number as shall be
designated by such party in a notice to the Borrower, the Administrative Agent,
the Issuing Lender and the Swing Line Lender.

 

All such notices and
other communications shall be deemed to be given or made upon the earlier to
occur of (i) actual receipt by the relevant party hereto and (ii) (A) if
delivered by hand or by courier, when signed for by or on behalf of the
relevant party hereto; (B) if delivered by mail, four Business Days after
deposit in the mails, postage prepaid; (C) if delivered by facsimile, when sent
and receipt has been confirmed by telephone; and (D) if delivered by electronic
mail (which form of delivery is subject to the provisions of
subsection (d) below), when delivered; provided, however, that
notices and other communications to the Administrative Agent, the Issuing
Lender and the Swing Line Lender pursuant to Article II shall not be
effective until actually received by such Person.  In no event shall a voicemail message be effective as a notice,
communication or confirmation hereunder.

 

(c)           Loan Documents may be transmitted
and/or signed by facsimile.  The
effectiveness of any such documents and signatures shall, subject to applicable
law, have the same force and effect as manually-signed originals and shall be
binding on all parties hereto.  The
Administrative Agent may also require that any such documents and signatures be
confirmed by a manually-signed original thereof; provided, however, that the failure
to request or deliver the same shall not limit the effectiveness of any
facsimile document or signature.

 

(d)           Electronic mail and Internet and
intranet websites may be used only to distribute routine communications, such
as financial statements and other information as provided in Section 5.01, and
to distribute Loan Documents for execution by the parties thereto, and may not
be used for any other purpose.

 

(e)           The Administrative Agent and the
Lenders shall be entitled to rely and act upon any notices (including
telephonic Notices of Borrowing) purportedly given by or on behalf of the
Borrower even if (i) such notices were not made in a manner specified herein,
were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the recipient,
varied from any confirmation thereof. 
The Borrower shall indemnify each Agent-Related Person and each Lender
from all losses, costs, expenses and liabilities resulting from the reliance by
such Person on each notice purportedly given by or on behalf of the
Borrower.  All telephonic notices to and
other communications with the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such
recording.

 

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

 

46

 

9.03      Expenses; Documentary Taxes;
Indemnification.

 

(a)           The Borrower agrees (a) to pay or
reimburse the Administrative Agent for all reasonable costs and expenses
incurred in connection with the development, preparation, negotiation and
execution of this Agreement and the other Loan Documents and any amendment,
waiver, consent or other modification of the provisions hereof and thereof
(whether or not the transactions contemplated hereby or thereby are
consummated), and the consummation and administration of the transactions contemplated
hereby and thereby, including all Attorney Costs, and (b) to pay or reimburse
the Administrative Agent and each Lender for all reasonable costs and expenses
incurred after an Event of Default in connection with the enforcement,
attempted enforcement, or preservation of any rights or remedies under this
Agreement or the other Loan Documents (including all such costs and expenses
incurred after an Event of Default during any “workout” or restructuring in
respect of the Obligations and during any legal proceeding, including any
proceeding under any bankruptcy, insolvency or similar law), including all
Attorney Costs.  The foregoing costs and
expenses shall include all search, filing, recording, title insurance and appraisal
charges and fees and taxes related thereto, and other out-of-pocket expenses
incurred by the Administrative Agent and the cost of independent public
accountants and other outside experts retained by the Administrative Agent or
any Lender.  All amounts due under this
Section 9.03(a) shall be payable within fifteen (15) Business Days after demand
therefor.  The agreements in this
Section shall survive the termination of the Commitments and repayment of all
other Obligations.

 

(b)           Whether or not the transactions
contemplated hereby are consummated, the Borrower shall indemnify and hold
harmless each Agent-Related Person, each Lender and their respective
Affiliates, directors, officers, employees, counsel, agents and
attorneys-in-fact (collectively the “Indemnitees”) from and against any and all
liabilities, obligations, losses, damages, penalties, claims, demands, actions,
judgments, suits, costs, expenses and disbursements (including Attorney Costs)
of any kind or nature whatsoever which may at any time be imposed on, incurred
by or asserted against any such Indemnitee in any way relating to or arising
out of or in connection with (a) the execution, delivery, enforcement,
performance or administration of any Loan Document or any other agreement,
letter or instrument delivered in connection with the transactions contemplated
thereby or the consummation of the transactions contemplated thereby, (b) any
Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds
therefrom (including any refusal by the Issuing Lender 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
(c) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other
theory (including any investigation of, preparation for, or defense of any
pending or threatened claim, investigation, litigation or proceeding) and
regardless of whether any Indemnitee is a party thereto (all the foregoing,
collectively, the “Indemnified Liabilities”) provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such liabilities,
obligations, losses, damages, penalties, claims, demands, actions, judgments,
suits, costs, expenses or disbursements are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from the
gross negligence or willful misconduct of such Indemnitee.  No Indemnitee shall be liable for any
damages arising from the use by others of any information or other materials
obtained through IntraLinks or other similar information transmission systems
in connection with this Agreement, nor shall any

 

47

 

Indemnitee have any
liability for any indirect or consequential damages relating to this Agreement
or any other Loan Document or arising out of its activities in connection
herewith or therewith (whether before or after the Effective Date).  All amounts due under this Section 9.03(b)
shall be payable within fifteen (15) Business Days after demand therefor.  The agreements in this Section shall survive
the resignation of the Administrative Agent, the replacement of any Lender, the
termination of the Commitments and the repayment, satisfaction or discharge of
all the other Obligations.

 

9.04      Amendments and Waivers.  No amendment or waiver of any provision of
this Agreement or any other Loan Document, and no consent to any departure by
the Borrower therefrom, shall be effective unless in writing signed by the
Required Lenders and the Borrower, and received by the Administrative Agent,
and each such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given; provided, however, that
no such amendment, waiver or consent shall:

 

(a)           waive any condition set forth in
Section 3.02 without the written consent of each Lender;

 

(b)           extend or increase the Commitment of
any Lender (or reinstate any Commitment terminated pursuant to Section 6.01)
without the written consent of such Lender;

 

(c)           postpone any date fixed by this
Agreement or any other Loan Document for any payment of principal, interest,
fees or other amounts due to the Lenders (or any of them) or any scheduled
reduction of the Commitments hereunder or under any other Loan Document without
the written consent of each Lender directly affected thereby;

 

(d)           reduce the principal of, or the rate
of interest specified herein on, any Loan or (subject to clause (v) of the
second proviso to this Section 9.04) any fees or other amounts payable
hereunder or under any other Loan Document without the written consent of each
Lender directly affected thereby;

 

(e)           change Section 9.09 in a manner that
would alter the pro rata sharing of payments required thereby without the
written consent of each Lender;

 

(f)            amend Section 2.24 without the
written consent of the Borrower, the Administrative Agent and Lenders holding
Commitments aggregating at least 662/3% of the aggregate
amount of the Commitments; provided that no such amendment shall
increase the Commitment of any Lender without the consent of such Lender; or

 

(g)           change any provision of this Section
or the definition of “Required Lenders” or any other provision hereof
specifying the number or percentage of Lenders required to amend, waive or
otherwise modify any rights hereunder or make any determination or grant any
consent hereunder, without the written consent of each Lender;

 

and, provided  further,
that (i) no amendment, waiver or consent shall, unless in writing and signed by
the Issuing Lender in addition to the Lenders required above, affect the rights
or duties of the Issuing Lender under this Agreement or any Letter of Credit
Application relating to any Letter of Credit issued or to be issued by it; (ii)
no amendment, waiver or consent shall, unless in

 

48

 

writing and signed by the
Swing Line Lender in addition to the Lenders required above, affect the rights
or duties of the Swing Line Lender under this Agreement; (iii) no amendment,
waiver or consent shall, unless in writing and signed by the Administrative
Agent in addition to the Lenders required above, affect the rights or duties of
the Administrative Agent under this Agreement or any other Loan Document; (iv)
Section 9.05(h) may not be amended, waived or otherwise modified without the
consent of each Granting Lender all or any part of whose Loans are being funded
by an SPC at the time of such amendment, waiver or other modification; and (v)
any fee letter may be amended, or rights or privileges thereunder waived, in a
writing executed only by the parties thereto.

 

9.05      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, except that the Borrower
may not assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of 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 subsection (b) of this
Section, (ii) by way of participation in accordance with the provisions of
subsection (d) of this Section, (iii) by way of pledge or assignment of a
security interest subject to the restrictions of subsection (f) or (i) of this
Section, or (iv) to an SPC in accordance with the provisions of subsection (h)
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 subsection (d) of this
Section and, to the extent expressly contemplated hereby, the Indemnitees) any
legal or equitable right, remedy or claim under or by reason of this Agreement.  Each Lender represents that it is not
acquiring its Note with a view to the distribution thereof within the meaning
of the Securities Act of 1933, as amended (subject to any requirement that
disposition of such Note must be within the control of such Lender).

 

(b)           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 all or a portion of its Commitments and its
Loans (including for purposes of this subsection (b), participations in Letter
of Credit Liabilities and in Swing Line 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 Commitment and 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 (as defined in subsection (g) of this Section) with respect to a Lender,
the aggregate amount of the Commitment (which for this purpose includes Loans
outstanding thereunder) subject to each such assignment, determined as of the
date the Assignment Agreement with respect to such assignment is delivered to
the Administrative Agent or, if “Trade Date” is specified in the Assignment
Agreement, as of the Trade Date, shall not be less than $1,000,000 unless each
of the Administrative Agent and, so long as no Default has occurred and is
continuing, the Borrower otherwise consents (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 Commitment
assigned, except that this clause (ii) shall not apply to rights in respect of
Swing Line Loans; (iii) any assignment must be approved by the

 

49

 

Administrative Agent, the
Issuing Lender and the Swing Line Lender and, as long as no Default has
occurred and is continuing, the Borrower (each such consent not to be
unreasonably withheld or delayed) unless the Person that is the proposed
assignee is itself a Lender (whether or not the proposed assignee would
otherwise qualify as an Eligible Assignee); and (iv) the parties to each
assignment shall execute and deliver to the Administrative Agent an Assignment
Agreement, together with a processing and recordation fee of $3,500.  Subject to acceptance and recording thereof
by the Administrative Agent pursuant to subsection (c) of this Section, from
and after the effective date specified in each Assignment Agreement, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the
extent of the interest assigned by such Assignment Agreement, 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
Agreement, be released from its obligations under this Agreement (and, in the
case of an Assignment Agreement 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 2.18,
8.03 and 9.03 with respect to facts and circumstances occurring prior to the
effective date of such assignment). 
Upon request, the Borrower (at its expense) shall execute and deliver a
Note to the assignee Lender.  Any
assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this subsection shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with subsection (d) of this Section.

 

(c)           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 Agreement delivered to
it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Loans and Letter
of Credit Liabilities owing to, each Lender pursuant to the terms hereof from
time to time (the “Register”). 
The entries in the Register shall be conclusive, and the Borrower, the
Administrative Agent and the Lenders may treat each Person whose name is recorded
in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary.  The Register shall be available for
inspection by the Borrower and any Lender, at any reasonable time and from time
to time upon reasonable prior notice.

 

(d)           Any Lender may at any time, without
the consent of, or notice to, the Borrower or the Administrative Agent, sell
participations to any Person (other than a natural person, Borrower or any of
Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or
a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or Loans (including such
Lender’s participations in Letter of Credit Liabilities and/or Swing Line
Loans) owing to it)); provided that (i) such Lender’s obligations under
this Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations
and (iii) the Borrower, the Administrative Agent 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

 

50

 

the Participant, agree to
any amendment, waiver or other modification described in subsections (c)
or (d) of Section 9.04 that directly affects such Participant.

 

(e)           A Participant shall not be a Lender
hereunder for any purpose except, if the participation agreement so
provides, for the purposes of Sections 2.18, 8.03 and 9.03 but only to the
extent that the cost of such benefits to the Borrower does not exceed the cost
which the Borrower would have incurred in respect of such Lender absent the
participation.

 

(f)            Any Lender may at any time pledge or
assign a security interest in all or any portion of its rights under this
Agreement (including under its Note, if any) to secure obligations of such
Lender, including any pledge or assignment to secure obligations to a Federal
Reserve Bank; provided that no such pledge or assignment shall release
such Lender from any of its obligations hereunder or substitute any such
pledgee or assignee for such Lender as a party hereto.

 

(g)           As used herein, the following terms
have the following meanings:

 

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

 

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

 

(h)           Notwithstanding anything to the
contrary contained herein, any Lender (a “Granting Lender”) may grant to a
special purpose funding vehicle identified as such in writing from time to time
by the Granting Lender to the Administrative Agent and Borrower (an “SPC”)
the option to provide all or any part of any Loan that such Granting Lender
would otherwise be obligated to make pursuant to this Agreement; provided
that (i) nothing herein shall constitute a commitment by any SPC to fund any
Loan, and (ii) if an SPC elects not to exercise such option or otherwise fails
to make all or any part of such Loan, the Granting Lender shall be obligated to
make such Loan pursuant to the terms hereof. 
Each party hereto hereby agrees that (i) neither the grant to any SPC
nor the exercise by any SPC of such option shall increase the costs or expenses
or otherwise increase or change the obligations of the Borrower under this
Agreement (including their obligations under Sections 2.18 and 8.03), (ii) no
SPC shall be liable for any indemnity or similar payment obligation under this
Agreement for which a Lender would be liable, and (iii) the Granting Lender
shall for all purposes, including the approval of any amendment, waiver or
other modification of any provision of any Loan Document, remain the lender of
record hereunder.  The making of a Loan
by an SPC hereunder shall utilize the Commitment of the Granting Lender to the
same extent, and as if, such Loan were made by such Granting Lender.  In furtherance of the foregoing, each party
hereto hereby agrees (which agreement shall survive the termination of this
Agreement) that, prior to the date that is one year and one day after the payment
in full of all outstanding commercial paper or other senior debt of any SPC, it
will not institute against, or join any other Person in instituting against,
such SPC any bankruptcy, reorganization, arrangement, insolvency, or
liquidation proceeding under the laws of the United States or any State thereof
with respect to matters directly related to this Agreement.

 

51

 

Notwithstanding anything
to the contrary contained herein, any SPC may (i) with notice to, but without
prior consent of the Borrower and the Administrative Agent, assign all or any
portion of its right to receive payment with respect to any Loan to the
Granting Lender and (ii) disclose on a confidential basis any non-public
information relating to its funding of Loans to any rating agency, commercial
paper dealer or provider of any surety or guarantee or credit or liquidity
enhancement to such SPC.

 

(i)            Notwithstanding anything to the
contrary contained herein, any Lender that is a Fund may create a security
interest in all or any portion of the Loans owing to it and the Note, if any,
held by it to the trustee for holders of obligations owed, or securities
issued, by such Fund as security for such obligations or securities, provided
that unless and until such trustee actually becomes a Lender in compliance with
the other provisions of this Section 9.05, (i) no such pledge shall
release the pledging Lender from any of its obligations under the Loan
Documents and (ii) such trustee shall not be entitled to exercise any of the
rights of a Lender under the Loan Documents even though such trustee may have
acquired ownership rights with respect to the pledged interest through
foreclosure or otherwise.

 

(k)           Notwithstanding anything to the
contrary contained herein, if at any time Bank of America assigns all of its
Commitments and Loans pursuant to subsection (b) above, Bank of America
may, (i) upon 30 days’ notice to the Borrower and the Lenders, resign as
Issuing Lender and/or (ii) upon 30 days’ notice to the Borrower, resign as
Swing Line Lender.  In the event of any
such resignation as Issuing Lender or Swing Line Lender, the Borrower shall be
entitled to appoint from among the Lenders that have agreed to assume such
roles, a successor Issuing Lender or Swing Line Lender hereunder; provided,
however, that no failure by the Borrower to appoint any such successor
shall affect the resignation of Bank of America as Issuing Lender or Swing Line
Lender, as the case may be.  If Bank of
America resigns as Issuing Lender, it shall retain all the rights and
obligations of the Issuing Lender hereunder with respect to all Letters of
Credit outstanding as of the effective date of its resignation as Issuing
Lender and all Letter of Credit Liabilities with respect thereto (including the
right to require the Lenders to fund risk participations in drawn Letters of
Credit pursuant to Section 2.21(c)).  If
Bank of America resigns as Swing Line Lender, it shall retain all the rights of
the Swing Line Lender provided for hereunder with respect to Swing Line Loans
made by it and outstanding as of the effective date of such resignation,
including the right to require the Lenders to make Committed Revolving Loans or
fund risk participations in outstanding Swing Line Loans pursuant to Section
2.04(e).

 

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

 

52

 

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

 

9.08         Several
Obligations.  The obligations of
the Lenders hereunder are several. 
Neither the failure of any Lender to carry out its obligations hereunder
nor the failure of this Agreement to be duly authorized, executed and delivered
by any Lender shall relieve any other Lender of its obligations hereunder (or
affect the rights hereunder of such other Lender).  No Lender shall be responsible for the obligations of, or any
action taken or omitted by, any other Lender hereunder.

 

9.09         Sharing of
Set-Offs.  Each Lender agrees
that if it shall, by exercising any right of set-off or counterclaim or
otherwise, receive payment of a proportion of the aggregate amount of principal
and interest due with respect to any Note held by it and any Letter of Credit
Liabilities which is greater than the proportion received by any other Lender
in respect of the aggregate amount of principal and interest due with respect
to any Note and any Letter of Credit Liabilities held by such other Lender, the
Lender receiving such proportionately greater payment shall purchase such
participations in the Notes and Letter of Credit Liabilities held by the other
Lenders, and such other adjustments shall be made, as may be required so that
all such payments of principal and interest with respect to the Notes and
Letter of Credit Liabilities held by the Lenders shall be shared by the Lenders
pro rata; provided that nothing in this Section shall impair the
right of any Lender to exercise any right of set-off or counterclaim it may have
and to apply the amount subject to such exercise to the payment of indebtedness
of the Borrower other than its indebtedness under the Notes.  The Borrower agrees, to the fullest extent
it may effectively do so under applicable law, that any holder of a
participation in a Note or Letter of Credit Liability, whether or not acquired
pursuant to the foregoing arrangements, may exercise rights of set-off or
counterclaim and other rights with respect to such participation as fully as if
such holder of a participation were a direct creditor of the Borrower in the
amount of such participation.

 

9.10         WAIVER OF
JURY TRIAL.  EACH OF THE
BORROWER, THE ADMINISTRATIVE AGENT, THE SWING LINE LENDER AND THE LENDERS
HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

 

53

 

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.

 

	
   

  	
  HILTON HOTELS
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Mariel A. Joliet

  
	
   

  	
  Name:  Mariel A. Joliet

  
	
   

  	
  Title:  Senior Vice President and Treasurer

  
	
   

  	
   

  
	
   

  	
  Address for Notices:

  
	
   

  	
   

  
	
   

  	
  Mariel A. Joliet

  
	
   

  	
  Senior Vice President
  and Treasurer

  
	
   

  	
  Hilton Hotels
  Corporation

  
	
   

  	
  World Headquarters

  
	
   

  	
  9336 Civic Center Drive

  
	
   

  	
  Beverly Hills,
  California 90210

  
	
   

  	
  Telecopier:
  310/205-7867

  
	
   

  	
  Telephone: 310/205-7687

  

 

54

 

	
   

  	
  BANK OF AMERICA, N.A.,
  as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gina Meador

  	
   

  
	
   

  	
   

  	
  Gina Meador, Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank of America, N.A.

  
	
   

  	
  Portfolio Management –
  CA9-706-17-54

  
	
   

  	
  555 South Flower
  Street, 17th Floor

  
	
   

  	
  Los Angeles, California
  90071

  
	
   

  	
  Attn: Gina Meador

  
	
   

  	
  Telecopier:  415/503-5069

  
	
   

  	
  Telephone:  213/345-1302

  
	
   

  	
  E-mail:
  eugenia.meador@bankofamerica.com

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.,
  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Scott L. Faber

  	
   

  
	
   

  	
   

  	
  Scott L. Faber,
  Managing Director

  
	
   

  	
   

  
	
   

  	
  Address for Notices:

  
	
   

  	
   

  
	
   

  	
  Bank of America, N.A.

  
	
   

  	
  Gaming and Leisure
  Industries Group

  
	
   

  	
  Portfolio Management –
  CA9-706-17-54

  
	
   

  	
  555 South Flower
  Street, 11th Floor

  
	
   

  	
  Los Angeles,
  California  90071

  
	
   

  	
  Attn:  Scott L. Faber, Principal

  
	
   

  	
  Telecopier:  213/345-1215

  
	
   

  	
  Telephone:  213/345-1198

  
	
   

  	
  E-Mail:  scott.faber@bankofamerica.com

  
	
   

  	
   

  
	
   

  	
  with a copy to:

  
	
   

  	
   

  
	
   

  	
  Bank of America, N.A.

  
	
   

  	
  Gaming and Leisure
  Industries Group

  
	
   

  	
  Client Management –
  CA9-706-17-54

  
	
   

  	
  555 South Flower
  Street, 11th Floor

  
	
   

  	
  Los Angeles,
  California  90071

  
	
   

  	
  Attn:  William S. Newby, Managing Director

  
	
   

  	
  Telecopier:  213/345-1214

  
	
   

  	
  Telephone:  213/345-1194

  
	
   

  	
  E-Mail:  bill.newby@bankofamerica.com

  
							

 

55

 

	
   

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Mehrasa Raygani

  	
   

  
	
   

  	
  Name:

  	
  Mehrasa
  Raygani

  
	
   

  	
  Title:

  	
  Vice
  President

  
					

 

56

 

	
   

  	
  WACHOVIA BANK, NATIONAL

  ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  David Hoagland

  	
   

  
	
   

  	
  Name:

  	
  David
  Hoagland

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

57

 

	
   

  	
  BNP Paribas

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Janice S.H. Ho

  	
   

  
	
   

  	
  Name:

  	
  Janice
  S.H. Ho

  
	
   

  	
  Title:

  	
  Director

  

 

 

	
   

  	
  By:

  	
  /s/  Tjalling Terpstra

  	
   

  
	
   

  	
  Name:

  	
  Tjalling
  Terpstra

  
	
   

  	
  Title:

  	
  Director

  

 

58

 

	
   

  	
  THE BANK OF NOVA SCOTIA

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
   T.J. McNaught

  	
   

  
	
   

  	
  Name:

  	
  T.J.
  McNaught

  
	
   

  	
  Title:

  	
  Director

  

 

59

 

	
   

  	
  CREDIT LYONNAIS NEW
  YORK BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Jan Hazelton

  	
   

  
	
   

  	
  Name:

  	
  Jan
  Hazelton

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

60

 

	
   

  	
  WELLS FARGO BANK, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Paul K. Stimpfl

  	
   

  
	
   

  	
  Name:

  	
  Paul
  K. Stimpfl

  
	
   

  	
  Title:

  	
  Senior
  Vice President

  

 

61

 

	
   

  	
  BANK ONE, NA

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Dennis J. Redpath

  	
   

  
	
   

  	
  Name:

  	
  Dennis
  J. Redpath

  
	
   

  	
  Title:

  	
  Director

  

 

62

 

	
   

  	
  LASALLE BANK NATIONAL
  ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Erica Wicklander

  	
   

  
	
   

  	
  Name:

  	
  Erica
  Wicklander

  
	
   

  	
  Title:

  	
  Assistant
  Vice President

  

 

63

 

	
   

  	
  MIZUHO CORPORATE BANK
  LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Raymond Ventura

  	
   

  
	
   

  	
  Name:

  	
  Raymond
  Ventura

  
	
   

  	
  Title:

  	
  Senior
  Vice President

  

 

64

 

	
   

  	
  U.S. BANK NATIONAL
  ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/  Dale Parshall

  	
   

  
	
   

  	
  Name:

  	
  Dale
  Parshall

  
	
   

  	
  Title:

  	
  Vice
  President

  
					

 

65

 

	
   

  	
  THE NORTHERN TRUST
  COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Eric Dybing

  	
   

  
	
   

  	
  Name:

  	
  Eric
  Dybing

  
	
   

  	
  Title:

  	
  Second
  Vice President

  

 

66

 

	
   

  	
  BANK OF HAWAII

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  John McKenna

  	
   

  
	
   

  	
  Name:

  	
  John
  McKenna

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

67

 

	
   

  	
  DEUTSCHE BANK TRUST
  COMPANY

  AMERICAS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  George R. Reynolds

  	
   

  
	
   

  	
  Name:

  	
  George
  R. Reynolds

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

68

 

	
   

  	
  FIRST TENNESSEE BANK
  NATIONAL

  ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  James H. Moore, Jr.

  	
   

  
	
   

  	
  Name:

  	
  James
  H. Moore, Jr.

  
	
   

  	
  Title:

  	
  Senior
  Vice President

  

 

69

 

	
   

  	
  FIRST HAWAIIAN BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Charles L. Jenkins

  	
   

  
	
   

  	
  Name:

  	
  Charles
  L. Jenkins

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

70

 

	
   

  	
  MORGAN STANLEY BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Jaap L. Tonckens

  	
   

  
	
   

  	
  Name:

  	
  Jaap
  L. Tonckens

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

71

 

	
   

  	
  UBS
  AG, CAYMAN ISLANDS BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Patricia O’Kicki

  	
   

  
	
   

  	
  Name:

  	
  Patricia
  O’Kicki

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Wilfred V. Saind

  	
   

  
	
   

  	
  Name:

  	
  Wilfred
  V. Saind

  
	
   

  	
  Title:

  	
  Associate
  Director

  
	
   

  	
   

  	
  Banking
  Products

  
	
   

  	
   

  	
  Services,
  US

  
					

 

72

 

	
   

  	
  BANK
  OF CHINA, LOS ANGELES BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Haiping Liu

  	
   

  
	
   

  	
  Name:

  	
  Haiping
  Liu

  
	
   

  	
  Title:

  	
  Branch
  Manager

  

 

73

 

	
   

  	
  FIRST
  COMMERCIAL BANK, NEW YORK

  AGENCY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Bruce M.J. Ju

  	
   

  
	
   

  	
  Name:

  	
  Bruce
  M.J. Ju

  
	
   

  	
  Title:

  	
  Vice
  President and General Manager

  

 

74

 

	
   

  	
  THE
  NORINCHUKIN BANK, NEW YORK

  BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Fumiaki Ono

  	
   

  
	
   

  	
  Name:

  	
  Fumiaki
  Ono

  
	
   

  	
  Title:

  	
  General
  Manager

  

 

75

 

	
   

  	
  CENTRAL
  PACIFIC BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Sherri L.L. Gomes

  	
   

  
	
   

  	
  Name:

  	
  Sherri
  L.L. Gomes

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

76

 

	
   

  	
  THE
  BANK OF EAST ASIA, LIMITED

  LOS ANGELES BRANCH

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  James Lin

  	
   

  	
  /s/
  Victor Li

  	
   

  
	
   

  	
  Name:

  	
  James
  Lin

  	
  Victor
  Li

  
	
   

  	
  Title:

  	
  Business
  Manager

  	
  Vice
  President and

  
	
   

  	
   

  	
   

  	
  General Manager

  
						

 

77

 

	
   

  	
  HIBERNIA
  NATIONAL BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Michael R. Geissler

  	
   

  
	
   

  	
  Name:

  	
  Michael
  R. Geissler

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

78

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]