Document:

Exhibit 10.1

          Execution Version

          

          

          
            Deal CUSIP Number: 83851WAJ4

            Revolving Loan CUSIP Number: 83851WAK1

          

          

          

        

        
          

        
          
            FIVE-YEAR REVOLVING

          

          CREDIT AGREEMENT

          

          

          Dated as of September 1, 2021

           

          among

           

          SOUTH JERSEY INDUSTRIES, INC.,

           

          SOUTH JERSEY GAS COMPANY,

          

          

          and

          

          

          ELIZABETHTOWN GAS COMPANY,

          as Borrowers

          

          

          and

           

          THE SEVERAL LENDERS

          FROM TIME TO TIME PARTY HERETO,

          as Lenders,

          

          

          and

           

          WELLS FARGO BANK, NATIONAL ASSOCIATION,

          as a Lender, Swingline Lender, Issuing Lender and Administrative Agent

           

          and

           

          JPMORGAN CHASE BANK, N.A.

          as Syndication Agent and Issuing Lender

           

          and

           

          BANK OF AMERICA, N.A., CITIZENS BANK, N.A. and PNC BANK, NATIONAL ASSOCIATION,

          as Co-Documentation Agents and Issuing Lender

           

          Arranged by:

           

          WELLS FARGO SECURITIES, LLC, JPMORGAN CHASE BANK, N.A., BOFA SECURITIES, INC., CITIZENS BANK, N.A. and PNC CAPITAL MARKETS LLC

          
            as Joint Lead Arrangers and Joint Book Runners

             

          

          
            
              

          

          
            TABLE OF CONTENTS

            (continued)

          

          

          

          	 	 	
                  Page

                
	 	 	 

          	
                  ARTICLE I

                	
                  DEFINITIONS

                	
                  1

                

          	 	 	 
	 	
                  SECTION 1.01

                	
                  Certain Defined Terms

                	
                  1

                
	 	
                  SECTION 1.02

                	
                  Computation of Time Periods

                	
                  33

                
	 	
                  SECTION 1.03

                	
                  Accounting Terms and Determinations

                	
                  33

                
	 	
                  SECTION 1.04

                	
                  Terminology

                	
                  34

                
	 	
                  SECTION 1.05

                	
                  Use of Defined Terms

                	
                  35

                
	 	
                  SECTION 1.06

                	
                  Divisions

                	
                  35

                
	 	
                  SECTION 1.07

                	
                  Rates

                	
                  35

                
	 	 	 

          	
                  ARTICLE II

                	
                  LOANS

                	
                  36

                

          	 	 	 
	 	
                  SECTION 2.01

                	
                  Revolving Loans

                	
                  36

                
	 	
                  SECTION 2.02

                	
                  Swingline Loans

                	
                  37

                
	 	
                  SECTION 2.03

                	
                  Procedure for Advances of Loans

                	
                  39

                
	 	
                  SECTION 2.04

                	
                  [Reserved]

                	
                  41

                
	 	
                  SECTION 2.05

                	
                  Fees

                	
                  41

                
	 	
                  SECTION 2.06

                	
                  Reduction of Commitments; Changes in Sublimits

                	
                  41

                
	 	
                  SECTION 2.07

                	
                  Prepayment of Loans

                	
                  42

                
	 	
                  SECTION 2.08

                	
                  Increase in Commitment

                	
                  44

                
	 	
                  SECTION 2.09

                	
                  Evidence of Debt; Notes

                	
                  46

                
	 	
                  SECTION 2.10

                	
                  Interest Rates

                	
                  46

                
	 	
                  SECTION 2.11

                	
                  Additional Interest on LIBOR Rate Loans

                	
                  49

                
	 	
                  SECTION 2.12

                	
                  Interest Rate Determination; Changed Circumstances

                	
                  49

                
	 	
                  SECTION 2.13

                	
                  Voluntary Conversion of Loans

                	
                  53

                
	 	
                  SECTION 2.14

                	
                  Increased Costs

                	
                  53

                
	 	
                  SECTION 2.15

                	
                  Illegality

                	
                  55

                
	 	
                  SECTION 2.16

                	
                  Nature of Obligations of Lenders Regarding Extensions of Credit; Pro Rata Treatment; Assumption by the Administrative Agent

                	
                  55

                
	 	
                  SECTION 2.17

                	
                  Taxes; Foreign Lenders

                	
                  56

                
	 	
                  SECTION 2.18

                	
                  Extension of Stated Termination Date

                	60
	 	
                  SECTION 2.19

                	
                  [Reserved]

                	62
	 	
                  SECTION 2.20

                	
                  [Reserved]

                	62
	 	
                  SECTION 2.21

                	
                  Mitigation Obligations; Replacement of Lenders

                	62
	 	 	 

          	
                  ARTICLE III

                	
                  L/C FACILITY

                	
                  63

                

          	 	 	 
	 	
                  SECTION 3.01

                	
                  Letters of Credit

                	
                  63

                
	 	
                  SECTION 3.02

                	
                  Procedure for Issuance of Letters of Credit

                	
                  64

                
	 	
                  SECTION 3.03

                	
                  Commissions and Other Charges

                	
                  65

                
	 	
                  SECTION 3.04

                	
                  L/C Participations

                	
                  65

                
	 	
                  SECTION 3.05

                	
                  Reimbursement Obligation of the Borrowers

                	
                  66

                
	 	
                  SECTION 3.06

                	
                  Obligations Absolute

                	
                  67

                
	 	
                  SECTION 3.07

                	
                  Defaulting Lenders

                	
                  68

                
	 	
                  SECTION 3.08

                	
                  Cash Collateral

                	
                  70

                

          

          

          
            i

            
              

          

          
            TABLE OF CONTENTS

            (continued)

          

          

          

          	 	 	 	
                  Page

                
	 	 	 	 
	 	
                  SECTION 3.09

                	
                  Letters of Credit Issued for Subsidiaries

                	
                  71

                
	 	 	 

          	
                  ARTICLE IV

                	
                  CONDITIONS PRECEDENT

                	
                  72

                

          	 	 	 
	 	
                  SECTION 4.01

                	
                  Conditions Precedent to the Execution and Delivery of this Agreement

                	
                  72

                
	 	
                  SECTION 4.02

                	
                  Additional Conditions Precedent

                	
                  74

                
	 	
                  SECTION 4.03

                	
                  [Reserved]

                	
                  75

                
	 	
                  SECTION 4.04

                	
                  Reliance on Certificates

                	
                  75

                

          	 	 	 
	
                  ARTICLE V

                	
                  REPRESENTATIONS AND WARRANTIES

                	
                  75

                
	 	 	 

          	 	
                  SECTION 5.01

                	
                  Representations and Warranties of the Borrowers

                	
                  75

                
	 	 	 

          	
                  ARTICLE VI

                	
                  COVENANTS OF THE BORROWERS

                	80

          	 	 	 
	 	
                  SECTION 6.01

                	
                  Affirmative Covenants

                	80
	 	
                  SECTION 6.02

                	
                  Negative Covenants

                	
                  84

                
	 	
                  SECTION 6.03

                	
                  Reporting Requirements

                	
                  86

                
	 	
                  SECTION 6.04

                	
                  Financial Covenants

                	
                  89

                
	 	 	 

          	
                  ARTICLE VII

                	
                  EVENTS OF DEFAULT

                	89

          	 	 	 
	 	
                  SECTION 7.01

                	
                  Events of Default

                	
                  89

                
	 	
                  SECTION 7.02

                	
                  Upon an Event of Default

                	
                  91

                
	 	
                  SECTION 7.03

                	
                  Rights and Remedies Cumulative; Non-Waiver; Etc

                	
                  92

                
	 	 	 

          	
                  ARTICLE VIII

                	
                  THE ADMINISTRATIVE AGENT

                	
                  93

                

          	 	 	 
	 	
                  SECTION 8.01

                	
                  Appointment and Authority

                	
                  93

                
	 	
                  SECTION 8.02

                	
                  Rights as a Lender

                	
                  93

                
	 	
                  SECTION 8.03

                	
                  Exculpatory Provisions

                	
                  93

                
	 	
                  SECTION 8.04

                	
                  Reliance by Administrative Agent

                	
                  94

                
	 	
                  SECTION 8.05

                	
                  Delegation of Duties

                	
                  95

                
	 	
                  SECTION 8.06

                	
                  Resignation of Administrative Agent

                	
                  95

                
	 	
                  SECTION 8.07

                	
                  Non-Reliance on Administrative Agent and Other Lenders

                	
                  96

                
	 	
                  SECTION 8.08

                	
                  No Other Duties, Etc

                	
                  96

                
	 	
                  SECTION 8.09

                	
                  Administrative Agent May File Proof of Claim

                	
                  96

                
	 	
                  SECTION 8.10

                	
                  Certain ERISA Matters

                	
                  97

                
	 	
                  SECTION 8.11

                	
                  Erroneous Payments

                	
                  98

                
	 	 	 

          	
                  ARTICLE IX

                	
                  MISCELLANEOUS

                	100

          	 	 	 
	 	
                  SECTION 9.01

                	
                  Amendments, Etc

                	100
	 	
                  SECTION 9.02

                	
                  Notices, Etc

                	102
	 	
                  SECTION 9.03

                	
                  No Waiver; Remedies

                	
                  105

                
	 	
                  SECTION 9.04

                	
                  Set-off

                	
                  105

                
	 	
                  SECTION 9.05

                	
                  Indemnification; Exculpation and Consequential Damages

                	
                  106

                
	 	
                  SECTION 9.06

                	
                  Liability of the Lenders

                	
                  108

                
	 	
                  SECTION 9.07

                	
                  Costs, Expenses and Taxes

                	
                  109

                

          

          

          
            ii

            
              

          

          
            TABLE OF CONTENTS

            (continued)

          

          

          

          	 	 	 	
                  Page

                
	 	 	 	 
	 	
                  SECTION 9.08

                	
                  [Reserved]

                	
                  110

                
	 	
                  SECTION 9.09

                	
                  Benefit of Agreement

                	
                  110

                
	 	
                  SECTION 9.10

                	
                  Severability

                	
                  114

                
	 	
                  SECTION 9.11

                	
                  Governing Law

                	
                  114

                
	 	
                  SECTION 9.12

                	
                  Headings

                	
                  114

                
	 	
                  SECTION 9.13

                	
                  Submission To Jurisdiction; Waivers

                	
                  114

                
	 	
                  SECTION 9.14

                	
                  Acknowledgments

                	
                  115

                
	 	
                  SECTION 9.15

                	
                  Waivers of Jury Trial

                	
                  115

                
	 	
                  SECTION 9.16

                	
                  Confidentiality

                	
                  116

                
	 	
                  SECTION 9.17

                	
                  Counterparts; Integration; Effectiveness; Electronic Execution

                	
                  117

                
	 	
                  SECTION 9.18

                	
                  Reversal of Payments

                	
                  117

                
	 	
                  SECTION 9.19

                	
                  No Advisory or Fiduciary Responsibility

                	
                  117

                
	 	
                  SECTION 9.20

                	
                  Acknowledgment and Consent to Bail-In of Affected Financial Institutions

                	
                  118

                
	 	
                  SECTION 9.21

                	
                  Acknowledgement Regarding Any Supported QFCs

                	
                  119

                

           

          EXHIBITS

          

          

          	
                  Exhibit A-1

                	
                  Form of Revolving Loan Note

                
	
                  Exhibit A-2

                	
                  Form of Swingline Note

                
	
                  Exhibit B

                	
                  Form of Notice of Borrowing

                
	
                  Exhibit C

                	
                  Form of Notice of Swingline Borrowing

                
	
                  Exhibit D

                	
                  Form of Notice of Account Designation

                
	
                  Exhibit E

                	
                  Form of Notice of Conversion/Continuation

                
	
                  Exhibit F

                	
                  Form of Assignment and Assumption

                
	
                  Exhibit G

                	
                  Form of Compliance Certificate

                
	
                  Exhibit H

                	
                  Form of Extension Letter

                
	
                  Exhibit I

                	
                  Form of Sublimit Adjustment Letter

                
	
                  Exhibit J 1-4

                	
                  Form of U.S. Tax Compliance Certificates

                

          

          

          SCHEDULES

          

          

          	
                  Schedule I

                	
                  Commitment Schedule

                
	
                  Schedule II

                	
                  Ownership

                
	
                  Schedule III

                	
                  Existing Letters of Credit

                
	
                  Schedule IV

                	
                  First Mortgage Notes

                
	
                  Schedule V

                	
                  Liens

                

          

          

          
            iii

            
              

          

          FIVE-YEAR

          REVOLVING CREDIT AGREEMENT

           

          This FIVE-YEAR REVOLVING CREDIT AGREEMENT (as it may be amended,
            supplemented or otherwise modified in accordance with the terms hereof at any time and from time to time, this “Agreement”) dated as of September 1, 2021, among SOUTH JERSEY INDUSTRIES, INC., a New Jersey corporation (“SJI”), SOUTH JERSEY GAS COMPANY, a New Jersey corporation (“SJG”), ELIZABETHTOWN GAS COMPANY, a New Jersey corporation (“ETG” and together with SJI and SJG, each a “Borrower” and collectively,
            the “Borrowers”), the several banks and other financial institutions from time to time parties to this Agreement (each a “Lender” and collectively, the “Lenders”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national
            banking association organized and existing under the laws of the United States of America (“Wells Fargo Bank”), as administrative agent for the Lenders hereunder (in such capacity, together with its successors and permitted assigns in
            such capacity, the “Administrative Agent”).

           

          PRELIMINARY STATEMENTS

           

          WHEREAS, the Borrowers have requested that the Lenders make revolving credit loans to the Borrowers and issue or participate in letters of credit
            for the account of the Borrowers, in an aggregate principal amount of up to $1,000,000,000 ($350,000,000 of which shall be available for the issuances of letters of credit) at any one time outstanding, for the refinancing of outstanding loans
            and letters of credit under the Existing Credit Facilities, general corporate purposes and for working capital of the Borrowers and their respective Subsidiaries;
            and

           

          WHEREAS, the Lenders are willing, on the terms and subject to the conditions set forth in this Agreement, to extend credit under this Agreement as
            more particularly hereinafter set forth.

           

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

           

          ARTICLE I

            DEFINITIONS

           

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

           

          “Active Lead Arranger Fee Letter” means that certain fee letter dated August 5, 2021, among Wells Fargo Bank, Wells Fargo Securities,
            JPMorgan and the Borrowers.

           

          “Additional Commitment Lender” has the meaning assigned to that term in Section 2.18(d)(ii).

           

          “Additional Lender” has the meaning assigned to that term in Section 2.08(a).

           

          “Administrative Agent” has the meaning assigned to that term in the preamble hereto.

           

          
            
              

          

          “Administrative Agent Fee Letter” means that certain fee letter dated August 5, 2021, among the Borrowers and the Administrative Agent.

           

          “Administrative Agent’s Office” means the office of the Administrative Agent as set forth in Section 9.02.

           

          “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.

           

          “Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling (including but not limited to all
            directors and officers of such Person), controlled by, or under direct or indirect common control with such Person.  A Person shall be deemed to control another entity if such Person possesses, directly or indirectly, the power to direct or
            cause the direction of the management and policies of such entity, whether through the ownership of voting securities, by contract, or otherwise.

           

          “Aggregate Commitments” means the total of the Lenders’ Commitments.

           

          “Agreement” means this Five-Year Revolving Credit Agreement.

           

          “Anniversary Date” has the meaning assigned to that term in Section 2.18(a).

           

          “Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to any Borrower or its Subsidiaries from time
            to time concerning or relating to bribery or corruption, including, without limitation, the United States Foreign Corrupt Practices Act of 1977, as amended, the UK Bribery Act 2010, as
            amended, and the rules and regulations thereunder.

           

          “Applicable Base Rate Margin” shall have the meaning set forth in the definition of Applicable Margin.

           

          “Applicable Law” means all applicable laws, statutes, treaties, rules, codes, ordinances,
            regulations, permits, orders, interpretations, licenses, and permits of any Governmental Authority and judgments, decrees, injunctions, writs, orders or like action of any court, arbitrator or other judicial or quasi–judicial tribunal
            (including, without limitation, those pertaining to health, safety, the environment or otherwise).

           

          “Applicable Lending Office” means, with respect to any Lender, the office of such Lender specified
            in such Lender’s administrative questionnaire delivered to the Administrative Agent, or such other office of such Lender as such Lender may from time to time specify to the Borrowers and the Administrative Agent.

           

          “Applicable Letter of Credit Fee” shall have the meaning set forth in the definition of Applicable Margin.

           

          “Applicable LIBOR Margin” shall have the meaning set forth in the definition of Applicable Margin.

           

          
            2

            
              

          

          “Applicable Margin” means, for the applicable interest rate on Loans made to any Borrower, Facility Fees payable by any Borrower pursuant to
            Section 2.05(a), and Letter of Credit Fees and commissions payable by any Borrower pursuant to Section 3.03(a), the rate per annum as set forth in the “Pricing Grid” below, determined by reference to the Debt Ratings:

           

          	
                  Pricing

                   Level

                	
                  Debt Rating

                	
                  Applicable

                   Facility Fee Rate

                	
                  Applicable

                   LIBOR Margin 

                  and Applicable 

                  Letter of Credit

                   Fee

                	
                  Applicable Base 

                  Rate Margin

                
	
                  I

                	
                  ≥ A/A2

                	
                  0.100%

                	
                  0.900%

                	
                  0.000%

                
	
                  II

                	
                  A-/A3

                	
                  0.125%

                	
                  1.000%

                	
                  0.000%

                
	
                  III

                	
                  BBB+/Baa1

                	
                  0.175%

                	
                  1.075%

                	
                  0.075%

                
	
                  IV

                	
                  BBB/Baa2

                	
                  0.225%

                	
                  1.275%

                	
                  0.275%

                
	
                  V

                	
                  BBB-/Baa3

                	
                  0.275%

                	
                  1.475%

                	
                  0.475%

                
	
                  VI

                	
                  BB+/Ba1

                	
                  0.350%

                	
                  1.650%

                	
                  0.650%

                
	
                  VII

                	
                  ≤ BB/Ba2

                	
                  0.450%

                	
                  2.050%

                	
                  1.050%

                

          

          

          If at any time (i) there is a split among Debt Ratings of the applicable Borrower by the Rating Agencies and the differential is one level, the
            higher rating will apply (with the Debt Rating for Pricing Level I being the highest and the Debt Rating for Pricing Level VII being the lowest), (ii) there is a split among Debt Ratings of the applicable Borrower by the Rating Agencies and the
            differential is more than one level, the level below the higher of the two levels will apply, (iii) if only one Rating Agency has a Debt Rating of the applicable Borrower, then such Debt Rating shall apply, (iv) if neither Rating Agency has a
            Debt Rating of the applicable Borrower, then both the issuer credit rating assigned to such Borrower by S&P and the issuer rating assigned to such Borrower by Moody’s shall apply, subject to clauses (i), (ii) and (iii) above, and (v) if
            none of the foregoing are available with respect to the applicable Borrower, the applicable Pricing Level for such Borrower shall be set at Pricing Level VII.

           

          The Applicable Margin shall be adjusted effective on the next Business Day following any change in the applicable Borrower’s Debt Ratings.  Each
            Borrower shall notify the Administrative Agent in writing promptly after becoming aware of any change in its Debt Ratings.

           

          “Applicable Share” means, at any time, the percentage by which any Borrower’s Sublimit bears to the amount of the Aggregate Commitments at
            such time.

           

          
            3

            
              

          

          “Application” means an application, in the form specified by an Issuing Lender from time to time, requesting such Issuing Lender to issue a
            Letter of Credit.

           

          “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.

           

          “Arrangers” means Wells Fargo Securities, JPMorgan, BofA Securities, Inc., Citizens Bank, N.A. and PNC Capital Markets LLC, each in its
            capacity as a joint lead arranger and joint book runner, and their successors and assigns.

           

          “Assignment and Assumption” means an Assignment and Assumption executed in accordance with Section 9.09 in the form attached hereto
            as Exhibit F or any other form approved by the Administrative Agent.

           

          “Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (a) if the
            then-current Benchmark is a term rate, any tenor for such Benchmark or (b) otherwise, any payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length of an Interest
            Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to Section 2.12(e)(iv).

           

          “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any
            liability of an Affected Financial Institution.

           

          “Bail-In Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European
            Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the
            United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or
            other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

           

          “Base Rate” means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time, which rate per annum shall
            at all times be equal to the highest of (i) the Prime Rate; (ii) 1/2 of one percent per annum above the Federal Funds Rate in effect from time to time; and (iii) except during any period of time during which a notice delivered to Borrowers
            under Section 2.12 shall remain in effect, the LIBOR Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus one percent.

           

          “Base Rate Loan” means all Loans, or portions thereof, bearing interest based on the Base Rate.

           

          
            4

            
              

          

          “Benchmark” means, initially, LIBOR; provided that if a Benchmark Transition Event, a Term SOFR Transition Event, or an Early Opt-in
            Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to LIBOR or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has
            replaced such prior benchmark rate pursuant to Section 2.12(e)(i).

           

          “Benchmark Replacement” means, for any Available Tenor,

           

          (a)          with respect to any Benchmark Transition Event or
              Early Opt-in Election, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

           

          (1)          the sum of: (A) Term SOFR and (B)
              the related Benchmark Replacement Adjustment;

           

          (2)          the sum of: (A) Daily Simple SOFR
              and (B) the related Benchmark Replacement Adjustment;

           

          (3)        the sum of: (A) the alternate
              benchmark rate that has been selected by the Administrative Agent and the Borrowers as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a
              replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current
              Benchmark for Dollar-denominated syndicated credit facilities at such time and (B) the related Benchmark Replacement Adjustment; or

           

          (b)          with respect to any Term SOFR Transition Event, the
              sum of (i) Term SOFR and (ii) the related Benchmark Replacement Adjustment; or

           

          (c)          with respect to any Other Benchmark Rate Election,
              the sum of: (i) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrowers as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any
              evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for Dollar-denominated syndicated credit facilities at such time and (ii) the related Benchmark Replacement
              Adjustment;

           

          provided that, (i) in the case of clause (a)(1), if the Administrative Agent decides that Term SOFR is not administratively feasible for the Administrative
            Agent, then Term SOFR will be deemed unable to be determined for purposes of this definition and (ii) in the case of clause (a)(1) or clause (b) of this definition, the applicable Unadjusted Benchmark Replacement is displayed on a screen or
            other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion. If the Benchmark Replacement as determined pursuant to clause (a)(1), (a)(2) or (a)(3), clause (b), or
            clause (c) of this definition would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.

           

          
            5

            
              

          

          “Benchmark Replacement Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark
            Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

           

          (1)         for purposes of clauses (a)(1) and (b) of the
              definition of “Benchmark Replacement,” an amount equal to (A) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s duration, (B) 0.26161% (26.161 basis points) for an Available Tenor of three-months’ duration and (C) 0.42826%
              (42.826 basis points) for an Available Tenor of six-months’ duration;

           

          (2)          for purposes of clause (a)(2) of the definition of
              “Benchmark Replacement,” an amount equal to 0.26161% (26.161 basis points);

           

          (3)          for purposes of clause (a)(3) of the definition of
              “Benchmark Replacement,” the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrowers giving
              due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Available Tenor of such Benchmark with the applicable Unadjusted
              Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such
              spread adjustment, for the replacement of such Available Tenor of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities; and

           

          (4)          for purposes of clause (c) of the definition of
              “Benchmark Replacement,” the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrowers giving
              due consideration to any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Available Tenor of such Benchmark with
              the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities.

           

          “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational
            changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” the definition of “LIBOR Market Index Rate,” timing and frequency of determining rates and making payments of
            interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative
            Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the
            Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists, in
            such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

           

          
            6

            
              

          

          “Benchmark Replacement Date” means the earliest to occur of the following events with respect to the then-current Benchmark:

           

          (a)          in the case of clause (a) or (b) of the definition of
              “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation
              thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof);

           

          (b)          in the case of clause (c) of the definition of
              “Benchmark Transition Event,” the date of the public statement or publication of information referenced therein;

           

          (c)          in the case of a Term SOFR Transition Event, the date
              that is thirty (30) days after the Administrative Agent has provided the Term SOFR Notice to the Lenders and the Borrowers pursuant to Section 2.12(e)(i)(B); or

           

          (d)          in the case of an
                Early Opt-in Election or an Other Benchmark Rate Election, the sixth (6th) Business Day after
                the date notice of such Early Opt-in Election or Other Benchmark Rate Election, as applicable, is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election or Other Benchmark Rate Election, as
                applicable, is provided to the Lenders, written notice of objection to such Early Opt-in Election or Other Benchmark Rate Election, as applicable, from Lenders comprising the Required Lenders.

           

          For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the
            Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the
            case of clause (a) or (b) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the
            calculation thereof).

           

          “Benchmark Transition Event” means the occurrence of one or more of the following events with
            respect to the then-current Benchmark:

           

          (a)         a public statement or publication of information by
              or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component
              thereof), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

           

          
            7

            
              

          

          (b)          a public statement or publication of information by
              the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the FRB, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for
              such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such
              Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided
              that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or

           

          (c)          a public statement or publication of information by
              the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer representative.

           

          For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication of
            information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof).

           

          “Benchmark Unavailability Period” means the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses
            (a) or (b) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.12(e) and (y) ending at
            the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.12(e).

           

          “Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership
            Regulation.

           

          “Beneficial Ownership Regulation” means 31 CFR § 1010.230.

           

          “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as
            defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of the ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee
            benefit plan” or “plan”.

           

          “Borrower” has the meaning assigned to that term in the preamble hereto.

           

          “Business Day” means (a) for all purposes other than as set forth in clause (b) below, any day other than a Saturday, Sunday or legal
            holiday on which banks in New York, New York, are open for the conduct of their commercial banking business, and (b) with respect to all notices and determinations in connection with, and payments of principal and interest on, any LIBOR Rate
            Loan, or any Base Rate Loan as to which the interest rate is determined by reference to LIBOR, any day that is a Business Day described in clause (a) and that is also a day for trading by and between banks in Dollar deposits in the London
            interbank market.

           

          
            8

            
              

          

          “Capital Stock” means, with respect to any Person, any and all shares, interests, rights to purchase, warrants, options, participations or
            other equivalents of or interests in (however designated) equity of such Person, including any preferred interest, any limited or general partnership interest and any limited liability company membership interest.

           

          “Cash Collateralize” means, to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the Issuing
            Lenders or Lenders, as collateral for L/C Obligations or obligations of Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if the Administrative Agent and the applicable Issuing Lender shall agree
            in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the Administrative Agent and the Issuing Lenders.  “Cash Collateral” shall have a meaning correlative to the
            foregoing and shall include the proceeds of such cash collateral and other credit support.

           

          “CERCLA” means the Comprehensive Environmental Response Compensation and Liability Act, 42 U.S.C. § 9601, et seq., as amended from time to
            time, and any regulations promulgated thereunder.

           

          “Change in Control” means (a) with respect to either of SJG or ETG, SJI shall cease at any time to own, directly or indirectly, at least
            100% of the Capital Stock having voting rights of such Borrower and (b) with respect to any Borrower, the occurrence of either of the following:  (i) any entity, person (within the meaning of Section 14(d) of the Exchange Act) or group (within
            the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) which theretofore was the beneficial owner (as defined in Rule 13d 3 under the Exchange Act) of less than 20% of SJI’s then outstanding common stock either (x) acquires shares of
            common stock of SJI in a transaction or series of transactions that results in such entity, person or group directly or indirectly owning beneficially 20% or more of the outstanding common stock of SJI, or (y) acquires, by proxy or otherwise,
            the right to vote for the election of directors, for any merger, combination or consolidation of SJI or any of its direct or indirect Subsidiaries, or, for any other matter or question, more than 20% of the then outstanding voting securities of
            SJI; or (ii) during any period of twelve (12) consecutive months, a majority of the members of the board of directors or other equivalent governing body of SJI ceases to be composed of individuals (x) who were members of that board or
            equivalent governing body on the first day of such period, (y) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (x) above constituting at the time of such election or
            nomination at least a majority of that board or equivalent governing body or (z) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (x) and (y) above constituting at
            the time of such election or nomination at least a majority of that board or equivalent governing body.

           

          “Change in Law” means the occurrence, after the date of this Agreement, of any of the following:  (a) the adoption or taking effect of any
            law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request,
            rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform
            and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel
            Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date
            enacted, adopted or issued.

           

          
            9

            
              

          

          “Closing Date” means September 1, 2021.

           

          “Code” means the Internal Revenue Code of 1986, and the regulations promulgated and rulings issued thereunder.

           

          “Commitment” means, with respect to each Lender, its obligation to (a)

            make Revolving Loans to the Borrowers pursuant to Section 2.01, (b) purchase participations in L/C Obligations and Swingline Loans, in an aggregate principal amount at any one time outstanding not to exceed
            the amount set forth opposite such Lender’s name on Schedule I or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as
            applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

           

          “Commitment Increase” has the meaning assigned to that term in Section 2.08(a).

           

          “Commitment Percentage” means for each Lender, a fraction (expressed as a
            decimal) the numerator of which is the Commitment of such Lender at such time and the denominator of which are the Aggregate Commitments of all of the Lenders at such time.  The initial Commitment Percentage of each Lender is set out on Schedule

              I.

           

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

           

          “Consenting Lender” has the meaning assigned to that term in Section 2.18(d).

           

          “Consolidated” means, when used with reference to any accounting term, the amount described by such accounting term, determined on a
            consolidated basis in accordance with GAAP, after elimination of intercompany items.

           

          “Consolidated Total Capitalization” means the sum, without duplication, of (a) Indebtedness of the applicable Borrower and its Consolidated
            Subsidiaries plus (b) the sum of the Capital Stock (excluding treasury stock and capital stock subscribed for and unissued) and surplus (including earned surplus, capital surplus, translation
            adjustment and the balance of the current profit and loss account not transferred to surplus) accounts of such Borrower and its Consolidated Subsidiaries appearing on a consolidated balance sheet of such Borrower and its Consolidated
            Subsidiaries, in each case prepared as of the date of determination in accordance with GAAP consistent with those applied in the preparation of the financial statements referred to in Section 4.01(d), after eliminating all intercompany
            transactions and all amounts properly attributable to minority interests, if any, in the stock and surplus of Subsidiaries.

           

          “Convert”, “Conversion” and “Converted” each refers to a conversion of a Loan of one Type into a Loan of another Type pursuant
            to Section 2.13 or the selection of a new, or the renewal of the same, Interest Period for a LIBOR Rate Loan pursuant to Section 2.13.

           

          
            10

            
              

          

          “Corresponding Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment
            period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

           

          “Current Stated Termination Date” has the meaning assigned to that term in Section 2.18(c).

           

          “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the
            Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative
            Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.

           

          “Debt Ratings” means, with respect to a Borrower, the senior unsecured non-credit enhanced debt ratings of such Borrower by each Rating
            Agency.

           

          Notwithstanding anything herein to the contrary, if the rating system of either Rating Agency shall change, or if either Rating Agency shall cease
            to be in the business of rating corporate debt obligations, the Borrowers and the Administrative Agent (acting at the direction of the Required Lenders) shall negotiate in good faith to amend the definition of Debt Ratings to reflect such
            changed rating system or the unavailability of ratings from either or both Rating Agencies, and, pending the effectiveness of any such amendment, the applicable tier shall be determined by reference to the Debt Ratings of the applicable
            Borrower most recently in effect prior to such change or cessation.

           

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

           

          “Default” means any event or condition that would constitute an Event of Default but for the
            requirement that notice be given or time elapse or both.

           

          
            11

            
              

          

          “Defaulting Lender” means, subject to Section 3.07(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans
            within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrowers in writing that such failure is the result of such Lender’s determination that one or
            more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing
            Lender, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two Business Days of the date when due, (b) has
            notified the Borrowers, the Administrative Agent, any Issuing Lender or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing
            or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s good faith determination that a condition precedent to funding (which condition precedent, together with
            any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or any Borrower, to confirm in
            writing to the Administrative Agent and the Borrowers that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such
            written confirmation by the Administrative Agent and the Borrowers), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver,
            custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state
            or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or
            acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of
            courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with
            such Lender.  Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be
            a Defaulting Lender (subject to Section 3.07(b)) upon delivery of written notice of such determination to the Borrowers, each Issuing Lender, the Swingline Lender and each Lender.

           

          “Disclosure Documents” means SJI’s Annual Report on Form 10 K for the
            year ended December 31, 2020, SJI’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2021, and June 30, 2021, and any Current Report on Form 8-K filed by any Borrower with the Securities and Exchange
            Commission or delivered to the Administrative Agent, in either case, at least three (3) Business Days prior to the Closing Date.

           

          “Dollar” or “$” means dollars in lawful currency of the United States of America.

           

          “Early Opt-in Election” means, if the then-current Benchmark is LIBOR, the occurrence of:

           

          (a)          a notification by the Administrative Agent to (or the
              request by any Borrower to the Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as
              originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and

           

          (b)          the joint election by the Administrative Agent and
              the Borrowers to trigger a fallback from LIBOR and the provision by the Administrative Agent of written notice of such election to the Lenders.

           

          
            12

            
              

          

          “EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member
            Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a)

            of this definition, or (c) any financial institution established in an EEA Member Country which is a Subsidiary of an institution described in clauses (a) or (b)

            of this definition and is subject to consolidated supervision with its parent.

           

          “EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

           

          “EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA
            Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

           

          “Election Date” shall have the meaning set forth in Section 2.18(b).

           

          “Electronic Means” shall have the meaning set forth in Section 6.03.

           

          “Employee Benefit Plan” means, with respect to any Borrower, any employee benefit plan within the meaning of Section 3(3) of ERISA that is
            maintained for employees of such Borrower or, in the case of a Pension Plan or a Multiemployer Plan, maintained or contributed to by such Borrower or any current or former ERISA Affiliate thereof.

           

          “Environmental Claims” means any and all administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens,
            notices of noncompliance or violation, or proceedings relating in any way to any actual or alleged violation of or liability under any Environmental Law or relating to any permit issued, or any approval given, under any such Environmental Law,
            including, without limitation, any and all claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial actions or damages, contribution, indemnification cost recovery, compensation or injunctive relief resulting
            from Hazardous Materials or arising from alleged injury or threat of injury to public health or the environment.

           

          “Environmental Judgments and Orders” means all judgments, decrees or orders arising from or in any way associated with any Environmental
            Requirements, whether or not entered upon consent, or written agreements with an Environmental Authority, and whether or not incorporated in a judgment, decree or order.

           

          “Environmental Laws” means any and all federal, foreign, state, provincial and
            local laws, statutes, ordinances, codes, rules, standards and regulations, permits, licenses, approvals, interpretations and orders of courts or Governmental Authorities, relating to the protection of public health or the environment,
            including, but not limited to, requirements pertaining to the manufacture, processing, distribution, use, treatment, storage, disposal, transportation, handling, reporting, licensing, permitting, investigation or remediation of Hazardous
            Materials.

           

          “Environmental Liabilities” means any liabilities, whether accrued, contingent or otherwise, arising from and in any way associated with any
            Environmental Requirements.

           

          
            13

            
              

          

          “Environmental Notices” means notice from any Environmental Authority or by any other Authority, of possible or alleged noncompliance with
            or liability under any Environmental Requirement, including without limitation any complaints, citations, demands or requests from any Environmental Authority or from any other Authority for correction of any violation of any Environmental
            Requirement or any investigations concerning any violation of any Environmental Requirement.

           

          “Environmental Proceedings” means any judicial or administrative proceedings arising from or in any way associated with any Environmental
            Requirement.

           

          “Environmental Releases” means releases as defined in CERCLA or under any applicable state or local environmental law or regulation.

           

          “Environmental Requirement” means any legal requirement relating to the environment and applicable to any Borrower or its properties,
            including but not limited to any such requirement under CERCLA or similar state legislation and all federal, state and local laws, ordinances, regulations, orders, writs, decrees and common law.

           

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

           

          “ERISA Affiliate” means, with respect to any Borrower, any Person who together with such Borrower or any of its Subsidiaries is treated as a
            single employer within the meaning of Section 414(b), (c), (m) or (o) of the Code or Section 4001(b) of ERISA.

           

          “Erroneous Payment” has the meaning assigned thereto in Section 8.11(a).

           

          “Erroneous Payment Deficiency Assignment” has the meaning assigned thereto in Section 8.11(d).

           

          “Erroneous Payment Return Deficiency” has the meaning assigned thereto in Section 8.11(d).

           

          “ETG” has the meaning assigned to that term in the preamble hereto.

           

          “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor
            person), as in effect from time to time.

           

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

           

          “Eurodollar Reserve Percentage” means, for any day, the percentage (expressed as a decimal and rounded upwards, if necessary, to the next
            higher 1/100th of 1%) which is in effect for such day as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any basic,
            supplemental or emergency reserves) in respect of Eurocurrency Liabilities or any similar category of liabilities for a member bank of the Federal Reserve System in New York City.

           

          
            14

            
              

          

          “Event of Default” has the meaning assigned to that term in Section 7.01.

           

          “Exchange Act” means the Securities Exchange Act of 1934.

           

          “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any Issuing Lender or any other recipient of any payment to be
            made by or on account of any obligation of any Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), gross receipts, capital stock taxes or franchise taxes imposed on it, by the jurisdiction (or
            any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its Applicable Lending Office is located, (b) any branch profits taxes
            imposed by the United States or any similar tax imposed by any other jurisdiction in which such Borrower is located, (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by any Borrower under Section 2.21(b)),

            any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new Applicable Lending Office) or is attributable to such Foreign Lender’s failure or
            inability (other than as a result of a Change in Law) to comply with Section 2.17(f), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Applicable Lending Office
            (or assignment), to receive additional amounts from such Borrower with respect to such withholding tax pursuant to Section 2.17(a), and (d) any U.S. federal withholding taxes imposed under FATCA.

           

          “Existing Credit Facilities” means (i) the Five-Year Revolving Credit Agreement, dated August 7, 2017, among SJI, the lenders party thereto
            and Wells Fargo Bank as administrative agent, (ii) the Five-Year Revolving Credit Agreement, dated August 14, 2017, among SJG, SJI Utilities, Inc., a New Jersey corporation (“SJIU”), the lenders party thereto and Wells Fargo Bank as
            administrative agent, and (iii) the Two-Year Revolving Credit Agreement, dated June 29, 2018, among ETG, SJIU, the lenders party thereto and JPMorgan as administrative agent, in each case, as amended, restated, supplemented or otherwise
            modified from time to time prior to the date hereof.

           

          “Existing Letters of Credit” shall mean those letters of credit as described on Schedule III attached hereto, which shall remain in existence and be deemed to have been issued under this Agreement pursuant to the terms of Section 3.01(a).

           

          “Extension” has the meaning assigned to that term in Section 2.18(a).

           

          “Extension Condition” has the meaning assigned to that term in Section 2.18(a).

           

          “Extension Letter” has the meaning assigned to that term in Section 2.18(a).

           

          “Extension of Credit” means, as to any Lender at any time, any Loan made hereunder, any issuance of a Letter of Credit hereunder, or any
            Reimbursement Obligation incurred hereunder, and “Extensions of Credit” means an amount equal to the sum of all Loans then outstanding and the aggregate amount of all L/C Obligations then outstanding.

           

          “Facility Fee” has the meaning assigned to that term in Section 2.05(a).

           

          
            15

            
              

          

          “FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board.

           

          “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this
            Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to
            Section 1471(b)(1) of the Code.

           

          “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 (or, if such day is not a Business Day, for the immediately preceding Business Day), as published by the Federal Reserve Bank of New York on
            the Business Day next succeeding such day, provided that if such rate is not so published for any day which is a Business Day, the Federal Funds Rate for such day shall be the average of the quotation
            for such day on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by the Administrative Agent.  Notwithstanding the foregoing, if the Federal Funds Rate shall be less than
            zero, such rate shall be deemed to be zero for purposes of this Agreement.

           

          “Fee Letters” means, collectively, the Active Lead Arranger Fee Letter, Passive Lead Arranger Fee Letter, and Administrative Agent Fee
            Letter.

           

          “Final Fee Payment Date” means the date the Aggregate Commitments have been terminated and all Obligations have been paid in full.

           

          “First Mortgage Notes” means those First Mortgage Notes identified on Schedule IV
            attached hereto, and subsequent promissory notes, bonds or other evidences of indebtedness of either SJG or ETG, in each case, secured by first mortgages on property owned by such Borrower or its Subsidiaries.

           

          “Floor” means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the
            modification, amendment or renewal of this Agreement or otherwise) with respect to LIBOR.

           

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

           

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

           

          “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to each Issuing Lender, such Defaulting Lender’s
            Commitment Percentage of the outstanding L/C Obligations with respect to Letters of Credit issued by such Issuing Lender other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other
            Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Commitment Percentage of outstanding Swingline Loans made by such Swingline Lender other than Swingline
            Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders.

           

          
            16

            
              

          

          “Fronting Fee” has the meaning assigned to that term in Section 3.03(b).

           

          “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, bonds and similar extensions of credit in the ordinary course of its business.

           

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

           

          “Governmental Action” means, with respect to any Borrower, all authorizations, consents, approvals, waivers, exceptions, variances, orders,
            licenses, exemptions, publications, filings, notices to and declarations of or with any Governmental Authority, required to be made by such Borrower, other than routine reporting requirements the failure to comply with which will not affect the
            validity or enforceability of this Agreement or any other Loan Document or have a Material Adverse Effect on the transactions contemplated by this Agreement or any other Loan Document.

           

          “Governmental Authority” means any nation or government, any state or other political subdivision
            thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

           

          “Hazardous Materials” means any substances or materials (a) which are defined as hazardous wastes, hazardous substances, pollutants,
            contaminants, chemical substances or mixtures or toxic substances under any Environmental Law, (b) which are toxic, explosive, corrosive, flammable, infectious, radioactive, carcinogenic, mutagenic or otherwise harmful to human health or the
            environment and are or become regulated by any Governmental Authority having authority over the applicable Borrower or such Borrower’s operations, (c) the presence of which require investigation or remediation under any Environmental Law or
            common law, (d) the discharge or emission or release of which requires a permit or license under any Environmental Law or other Governmental Action, (e) which consist of underground or aboveground storage tanks, whether empty, filled or
            partially filled with any substance, or (f) which contain, without limitation, asbestos, polychlorinated biphenyls, urea formaldehyde foam insulation, petroleum hydrocarbons, petroleum derived substances or waste, crude oil or nuclear fuel.

           

          
            17

            
              

          

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

           

          “Hedging Obligations” means, with respect to any Person, the obligations of such Person under any interest rate or currency swap agreement,
            interest rate or currency future agreement, interest rate collar agreement, swap agreement (as defined in 11 U.S.C. § 101), interest rate or currency hedge agreement, and any put, call or other agreement or arrangement designed to protect such
            Person against fluctuations in interest rates or currency exchange rates.

           

          “Increasing Lender” has the meaning assigned to that term in Section 2.08(a).

           

          “Indebtedness” means, for any Person, all obligations of such Person which in accordance with GAAP should be classified on a balance sheet
            of such Person as liabilities of such Person, and in any event shall include, without duplication, all (a) indebtedness for borrowed money, (b) obligations evidenced by bonds, debentures, notes or other similar instruments, (c) obligations to
            pay the deferred purchase price of property or services (except trade accounts payable arising, and accrued expenses incurred, in the ordinary course of business), (d) obligations as lessee under leases which shall have been or should be, in
            accordance with GAAP, recorded as capital leases, (e) obligations as lessee under operating leases which have been recorded as off-balance sheet liabilities, (f) obligations under Hedging Obligations, (g) Reimbursement Obligations (contingent
            or otherwise) in respect of outstanding letters of credit, (h) indebtedness of the type referred to in clauses (a) through (f) above secured by (or for which the holder of such indebtedness has an existing right, contingent or otherwise, to be
            secured by) any lien or encumbrance on, or security interest in, property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such
            indebtedness, and (i) obligations under direct or indirect guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of, indebtedness or
            obligations of others of the kinds referred to in clauses (a) through (g) above.  For the avoidance of doubt and notwithstanding anything to the contrary set forth above, Permitted Commodity Hedging Obligations and Capital Stock, including
            Capital Stock having a preferred interest, shall not constitute Indebtedness for purposes of this Agreement.

           

          “Indemnified Taxes” means Taxes other than Excluded Taxes.

           

          “Indemnitee” has the meaning assigned to that term in Section 9.05.

           

          “Information” has the meaning assigned to that term in Section 9.16.

           

          “Informational Materials” has the meaning assigned to that term in Section 6.03.

           

          
            18

            
              

          

          “Initial Issuing Lender” means (a) Wells Fargo Bank, (b) JPMorgan, (c) Bank of America, N.A., (d) Citizens Bank, N.A. and (e) PNC Bank,
            National Association.

           

          “Initial Sublimit” means, with respect to each Borrower, the amount set forth opposite its name in the following table:

           

          	
                  Borrower

                	 	
                  Initial Sublimit

                	 
	
                  SJI

                	 	
                  $

                	
                  500,000,000

                	 
	
                  SJG

                	 	
                  $

                	
                  250,000,000

                	 
	
                  ETG

                	 	
                  $

                	
                  250,000,000

                	 

           

          “Interest Period” has the meaning assigned to that term in Section 2.10(b).

           

          “ISP 98” means the International Standby Practices (1998 Revision, effective January 1, 1999), International Chamber of Commerce Publication
            No. 590.

           

          “Issuing Lender” means each Initial Issuing Lender, and each other Lender to the extent it has agreed in its sole discretion to act as an
            “Issuing Lender” hereunder and that has been approved in writing by the Borrowers and the Administrative Agent (such approval by the Administrative Agent not to be unreasonably delayed, conditioned or withheld), each in their capacity as
            issuers of Letters of Credit hereunder.

           

          “JPMorgan” means JPMorgan Chase Bank, N.A.

           

          “L/C Commitment” means, as to any Issuing Lender, the obligation of such Issuing Lender to issue Letters of Credit for the account of any
            Borrower or one or more of its Subsidiaries from time to time in an aggregate amount equal to (a) for each Initial Issuing Lender, the amount set forth opposite the name of such Initial Issuing Lender on Schedule I and (b) for any other
            Issuing Lender becoming an Issuing Lender after the Closing Date, such amount as separately agreed to in a written agreement between such Borrower and such Issuing Lender (which such agreement shall be promptly delivered to the Administrative
            Agent upon execution). In each case of clauses (a) and (b) above, any such amount may be changed after the Closing Date in a written agreement between such Borrower and such Issuing Lender (which such agreement shall be promptly delivered to
            the Administrative Agent upon execution); provided that the L/C Commitment with respect to any Person that ceases to be an Issuing Lender for any reason pursuant to the terms hereof shall be $0 (subject to the Letters of Credit of such Person
            remaining outstanding in accordance with the provisions hereof).

           

          “L/C Facility” means the letter of credit facility established pursuant to Article

              III.

           

          “L/C Obligations” means at any time, an amount equal to the sum of (a) the aggregate undrawn and unexpired amount of the then outstanding
            Letters of Credit and (b) the aggregate amount of drawings under Letters of Credit which have not then been reimbursed pursuant to Section 3.05.

           

          
            19

            
              

          

          “L/C Participants” means, with respect to a Letter of Credit, the collective
            reference to all the Lenders other than the Issuing Lender that issued such Letter of Credit.

           

          “L/C Sublimit” means, as of any date of determination, the lesser of (a) $350,000,000 and (b) the aggregate Commitments in effect on such date.

           

          “Lenders” has the meaning assigned to that term in the preamble hereto, and, in each case, includes their respective successors and
            permitted assigns, and, with respect to Swingline Loans, the Swingline Lender.

           

          “Lending Office” means, as to each Lender, its office located at its address set forth in such Lender’s administrative questionnaire
            delivered to the Administrative Agent, or such other office as such Lender may hereafter designate as its Lending Office by notice to the Borrowers and the Administrative Agent.

           

          “Letters of Credit” has the meaning assigned to that term in Section 3.01(a).

           

          “LIBOR” means, subject to the implementation of a Benchmark Replacement in accordance with Section 2.12(e),

           

          (a)          for any interest rate calculation with respect to a
              LIBOR Rate Loan, the rate of interest per annum determined on the basis of the rate for deposits in Dollars for a period equal to the applicable Interest Period as published by the ICE Benchmark
              Administration Limited, a United Kingdom company, or a comparable or successor quoting service approved by the Administrative Agent, at approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of the applicable
              Interest Period (rounded upward, if necessary, to the nearest 1/100th of 1%).  If, for any reason, such rate is not so published then “LIBOR” shall be determined by the Administrative Agent to be the arithmetic average of the rate per annum
              at which deposits in Dollars would be offered by first class banks in the London interbank market to the Administrative Agent at approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of the applicable Interest
              Period for a period equal to such Interest Period; and

           

          (b)          for any interest rate calculation with respect to a
              Base Rate Loan, the rate of interest per annum determined on the basis of the rate for deposits in Dollars for an Interest Period equal to one month (commencing on the date of determination of such interest rate) as published by ICE Benchmark
              Administration Limited, a United Kingdom company, or a comparable or successor quoting service approved by the Administrative Agent, at approximately 11:00 a.m. (London time) on such date of determination, or, if such date is not a Business
              Day, then the immediately preceding Business Day.  If, for any reason, such rate is not so published then “LIBOR” for such Base Rate Loan shall be determined by the Administrative Agent to be the arithmetic average of the rate per annum at
              which deposits in Dollars would be offered by first class banks in the London interbank market to the Administrative Agent at approximately 11:00 a.m. (London time) on such date of determination for a period equal to one month commencing on
              such date of determination.

           

          Each calculation by the Administrative Agent of LIBOR shall be conclusive and binding for all purposes, absent manifest error.

           

          
            20

            
              

          

          Notwithstanding the foregoing, (x) in no event shall LIBOR (including any Benchmark Replacement with respect thereto) be less than 0% and (y)
            unless otherwise specified in any amendment to this Agreement entered into in accordance with Section 2.12(e), in the event that a Benchmark Replacement with respect to LIBOR is implemented then all references herein to LIBOR shall be
            deemed references to such Benchmark Replacement.

           

          “LIBOR Market Index Rate” means, for any day, the LIBOR Rate for a one month Interest Period as of 11:00 a.m.,
            London time, for such day, provided, if such day is not a Business Day, the immediately preceding Business Day (or if not so reported, then as determined by the Swingline Lender from another recognized
            source or interbank quotation).  Notwithstanding the foregoing, if at any time the LIBOR Market Index Rate shall be less than zero, such rate shall be deemed to be zero for all purposes in this Agreement.

           

          “LIBOR Rate” means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent
            pursuant to the following formula:

           

          	
                  LIBOR Rate =

                	
                  LIBOR

                
	 	
                  1.00-Eurodollar Reserve Percentage

                

           

          Notwithstanding the foregoing, if at any time the LIBOR Rate shall be less than zero, the LIBOR Rate shall be deemed to be zero for all purposes in
            this Agreement.

           

          “LIBOR Rate Loan” means all Loans, or portions thereof, bearing interest based on the LIBOR Rate (other than a Base Rate Loan for which
            interest is determined by reference to LIBOR).

           

          “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, a Person or any of its Subsidiaries shall be deemed to own, subject to a Lien, any asset that it has acquired or holds subject to the interest of a vendor or
            lessor under any conditional sale agreement, capital lease or other title retention agreement relating to such asset.

           

          “Loan Documents” means this Agreement, the Notes and any other document
            evidencing, relating to or securing any L/C Obligation, Loan or other Extension of Credit, and any other document or instrument delivered from time to time in connection with this Agreement, the Notes or the Extensions of Credit which is
            identified therein as a Loan Document.

           

          “Loans” means the Swingline Loans and Revolving Loans.

           

          “Material Adverse Effect” means, with respect to any Borrower, (a)
            a material adverse effect on the business, assets, operations or condition (financial or otherwise) of such Borrower and its Subsidiaries on a consolidated basis, taken as a whole, (b) a material impairment of the ability of such Borrower to
            perform its obligations under this Agreement or any of the other Loan Documents to which such Borrower is a party or (c) a material adverse effect on the validity or enforceability against such Borrower of this Agreement, any of the other Loan
            Documents to which such Borrower is a party, or the rights and remedies of the Administrative Agent, the Issuing Lenders and the Lenders hereunder or thereunder.

           

          
            21

            
              

          

          “Maximum Sublimit” means, with respect to each Borrower, the amount set forth opposite its name in the table below, as such amount may be
            modified from time to time pursuant to Section 2.06(c) or Section 2.08(f); provided, that at no time may the Sublimit or Maximum Sublimit for any Borrower exceed the amount of Indebtedness such Borrower is authorized to
            incur pursuant to any order, rule or regulation of any Governmental Authority having jurisdiction over such Borrower at such time.

           

          	
                  Borrower

                	 	
                  Maximum Sublimit

                	 
	
                  SJI

                	 	
                  $

                	
                  600,000,000

                	 
	
                  SJG

                	 	
                  $

                	
                  300,000,000

                	 
	
                  ETG

                	 	
                  $

                	
                  300,000,000

                	 

          

          

          “Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances, an
            amount equal to 102% of the Fronting Exposure of the Issuing Lenders with respect to Letters of Credit issued and outstanding at such time and (b) otherwise, an amount determined by the Administrative Agent and the Issuing Lenders in their
            reasonable discretion.

           

          “Minimum Sublimit” means, with respect to each Borrower, the amount set forth opposite its name in the table below, as such amount may be
            modified from time to time pursuant to Section 2.06(c) or Section 2.08(f).

           

          	
                  Borrower

                	 	
                  Minimum Sublimit

                	 
	
                  SJI

                	 	
                  $

                	
                  400,000,000

                	 
	
                  SJG

                	 	
                  $

                	
                  200,000,000

                	 
	
                  ETG

                	 	
                  $

                	
                  200,000,000

                	 

          

          

          “MNPI” has the meaning assigned to that term in Section 6.03.

           

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

           

          “Multiemployer Plan” means a “Multiemployer plan” as defined in Section 4001(a)(3) of ERISA that is subject to Title IV of ERISA to which
            the applicable Borrower or any ERISA Affiliate thereof is making, or is accruing an obligation to make, or has accrued an obligation to make contributions within the preceding five (5) years.

           

          
            22

            
              

          

          “Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all
            Lenders or all affected Lenders in accordance with the terms of Section 9.02 and (b) has been approved by the Required Lenders.

           

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

           

          “Note” means the collective reference to the Revolving Loan Notes and the
            Swingline Note.

           

          “Notice of Account Designation” has the meaning assigned to that term in Section 2.03(d)(i).

           

          “Notice of Borrowing” has the meaning assigned to that term in Section 2.03(a)(i)(A).

           

          “Notice of Conversion/Continuation” has the meaning assigned to that term in Section 2.13.

           

          “Notice of Swingline Borrowing” has the meaning assigned to that term in Section 2.03(a)(ii).

           

          “Obligations” means, with respect to any Borrower, in each case, whether now in existence or hereafter arising:  (a)

            the principal of and interest on (including interest accruing after the filing of any bankruptcy or similar petition) the Loans, (b) the L/C Obligations, (c) all payment and other
            obligations owing by such Borrower to any Lender or the Administrative Agent under any other agreement to which a Lender is a party (or any Affiliate of a Lender) which is related to and permitted under this Agreement or any of the other Loan
            Documents, and (d) all other fees and commissions, charges, indebtedness, loans, liabilities, financial accommodations, obligations, covenants and duties owing by such Borrower or any Subsidiary thereof to the
            Lenders, the Issuing Lenders, or the Administrative Agent, in each case under or in respect of this Agreement, any Note, any Letter of Credit, or any of the other Loan Documents of every kind, nature and description, direct or indirect,
            absolute or contingent, due or to become due, contractual or tortious, liquidated or unliquidated, and whether or not evidenced by any note, and whether or not for the payment of money under or in respect of this Agreement, any Note, any Letter
            of Credit, or any of the other Loan Documents.

           

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

           

          “Other Benchmark Rate Election” means, if the then-current Benchmark is LIBOR, the occurrence of:

           

          (a)          a notification by the Administrative Agent to (or the
              request by the Borrowers to the Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as
              originally executed), in lieu of a LIBOR-based rate, a term benchmark rate that is not a SOFR-based rate as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and

           

          
            23

            
              

          

          (b)          the joint election
                by the Administrative Agent and the Borrowers to trigger a fallback from LIBOR and the provision by the Administrative Agent of written notice of such election to the Lenders.

           

          “Other Taxes” means all present or future stamp, court, documentary, intangible, recording, filing or similar Taxes that arise from any
            payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, other than any of the foregoing that
            constitute Excluded Taxes.

           

          “Participant” has the meaning assigned to that term in Section 9.09(d).

           

          “Participant Register” has the meaning assigned to that term in Section 9.09(d).

           

          “Passive Lead Arranger Fee Letter” means that certain fee letter dated August 5, 2021, among Bank of America, N.A., BofA Securities, Inc.,
            PNC Bank, National Association, PNC Capital Markets LLC, Citizens Bank, N.A. and the Borrowers.

           

          “Patriot Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).

           

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

           

          “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to the provisions of Title IV of ERISA or
            Section 412 of the Code and which (a) is maintained for the employees of the applicable Borrower or any ERISA Affiliate thereof or (b) has at any time within the preceding six (6) years been maintained for the employees of the applicable
            Borrower or any current or former ERISA Affiliates thereof.

           

          “Permitted Commodity Hedging Obligations” means obligations of the applicable Borrower with respect to commodity agreements or other similar
            agreements or arrangements entered into in the ordinary course of business designed to protect against, or mitigate risks with respect to, fluctuations of commodity prices to which such Borrower or any Subsidiary thereof is exposed to in the
            conduct of its business so long as (a) the management of such Borrower has determined that entering into such agreements or arrangements are bona fide hedging activities which comply with such Borrower’s risk management policies and (b) such
            agreements or arrangements are not entered into for speculative purposes and are not of a speculative nature.

           

          “Permitted Liens” means, with respect to any Person, any of the following:

           

          (a)          Liens created pursuant to the Loan Documents
              (including, without limitation, Liens in favor of the Swingline Lender and/or the Issuing Lenders, as applicable, on Cash Collateral granted pursuant to the Loan Documents);

           

          (b)          Liens in existence on the Closing Date and described
              on Schedule V, and the replacement, renewal or extension thereof; provided that the scope of any such Lien shall not be increased, or otherwise expanded, to cover any additional property or type of asset, as applicable, beyond that in
              existence on the Closing Date, except for products and proceeds of the foregoing;

           

          
            24

            
              

          

          (c)          Liens for taxes, assessments or governmental charges
              not delinquent or being contested in good faith and by appropriate proceedings and for which adequate reserves in accordance with GAAP are maintained on such Person’s books;

           

          (d)          Liens arising out of deposits in connection with
              workers’ compensation, unemployment insurance, old age pensions or other social security or retirement benefits legislation;

           

          (e)          Deposits or pledges to secure bids, tenders,
              contracts (other than contracts for the payment of money), leases, statutory obligations, surety and appeal bonds, and other obligations of like nature arising in the ordinary course of such Person’s business, including, without limitation,
              deposits and pledges of funds securing Permitted Commodity Hedging Obligations;

           

          (f)          Liens imposed by law, such as mechanics’, workers’,
              materialmen’s, carriers’ or other like liens arising in the ordinary course of such Person’s business which secure the payment of obligations which are not past due for a period of more than sixty (60) days, or if more than sixty (60) days
              overdue, such Liens are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are maintained on such Person’s books;

           

          (g)          Rights of way, zoning restrictions, easements and
              similar encumbrances affecting such Person’s real property which do not materially interfere with the use of such property;

           

          (h)         Liens securing Indebtedness of SJG under the First
              Mortgage Notes issued pursuant to the Supplemental Indenture Amending and Restating the First Mortgage Indenture, dated January 23, 2017, as may be amended, modified, restated, amended and restated, or renewed from time to time, and
              subsequent First Mortgage Notes of SJG, so long as before and immediately after the incurrence of such Indebtedness or any amendment, modification, restatement, amendment and restatement or renewal, SJG is in compliance with Section 6.04;

           

          (i)          Liens securing Indebtedness of ETG under or secured
              by the First Mortgage Notes issued pursuant to the First Mortgage Indenture, dated July 2, 2018, as may be amended, modified, restated, amended and restated, or renewed from time to time, and subsequent First Mortgage Notes of ETG, so long as
              before and immediately after the incurrence of such Indebtedness or any amendment, modification, restatement, amendment and restatement or renewal, ETG is in compliance with Section 6.04;

           

          (j)          Purchase money security interests for the purchase of
              equipment to be used in such Person’s business, encumbering only the equipment so purchased and the proceeds thereof, and which secures only the purchase-money Indebtedness incurred to acquire the equipment so purchased;

           

          (k)          Liens (i) consisting of judgment or judicial
              attachment Liens, provided that the claims giving rise to such Liens are being diligently contested in good faith by appropriate proceedings, adequate reserves for the obligations secured by such Liens have been established and enforcement of
              such Liens have been stayed and (ii) securing judgments for the payment of money not constituting an Event of Default or securing appeal or other surety bonds relating to such judgments;

           

          
            25

            
              

          

          (l)          (i) Liens of a collecting bank arising in the
              ordinary course of business under Section 4-210 of the Uniform Commercial Code in effect in the relevant jurisdiction and (ii) Liens of any depositary bank or other financial institution in connection with statutory, common law and
              contractual rights of setoff and recoupment with respect to any deposit account of such Borrower or any Subsidiary thereof or arising under customary general terms and conditions encumbering deposits or other funds maintained with a financial
              institution (including the right of set-off) and that are within the parameters customary in the banking industry or arising pursuant to such banking institution’s general terms and conditions;

           

          (m)        (i) contractual or statutory Liens of landlords to the
              extent relating to the property and assets relating to any lease agreements with such landlord, and (ii) contractual Liens of suppliers (including sellers of goods) or customers granted in the ordinary course of business to the extent limited
              to the property or assets relating to such contract;

           

          (n)        any interest or title of a licensor, sublicensor,
              lessor or sublessor with respect to any assets under any license or lease agreement entered into in the ordinary course of business which do not (i) interfere in any material respect with the business of such Borrower or its Subsidiaries or
              materially detract from the value of the relevant assets of such Borrower or its Subsidiaries or (ii) secure any Indebtedness;

           

          (o)          Liens on the stock or assets of any Subsidiary of
              such Borrower created pursuant to “rate reduction” bonds, for the payment of which legislatively authorized charges are imposed on customers;

           

          (p)         Liens required by any contract or statute in order to
              permit such Borrower or any Subsidiary thereof to perform any contract or subcontract made by it with or pursuant to the requirements of a Governmental Authority, in each case which are not incurred in connection with the borrowing of money,
              the obtaining of advances of credit or the payment of the deferred purchase price of property and which do not in the aggregate impair the use of property in the operation of the business of such Borrower and its Subsidiaries taken as a
              whole;

           

          (q)         rights reserved to or vested in any Governmental
              Authority by the terms of any right, power, franchise, grant, license or permit, or by any Applicable Laws, to terminate such right, power, franchise, license or permit or to purchase, condemn, expropriate or recapture or to designate a
              purchaser of any of the property of such Borrower or any of its Subsidiaries;

           

          (r)          Liens on property acquired by such Borrower or a
              Subsidiary thereof after the Closing Date existing on such property at the time of acquisition thereof (and not created in anticipation thereof); provided that in any such case no such Lien shall extend to or cover any other property of such
              Borrower or any of its Subsidiaries;

           

          (s)        Liens on the property, revenues and/or assets of any
              Person that exist at the time such Person becomes a Subsidiary (and not created in anticipation of such Person becoming a Subsidiary) and the continuation of such Liens in connection with any refinancing or restructuring of the obligations
              secured by such Liens; provided that in any such case no such Lien shall extend to or cover any other property of such Borrower or any of its Subsidiaries;

           

          
            26

            
              

          

          (t)          Liens in favor of any Governmental Authority granted
              to secure pollution control or industrial revenue or similar bond financings, which Liens in each financing transaction cover only property the acquisition or construction of which was financed by such financings and property related thereto;

           

          (u)          Liens on or over gas, oil, coal, fissionable
              material, or other fuel or fuel products as security for any obligations incurred by such Borrower or any of its Subsidiaries (or any special purpose entity formed by such Person) for the sole purpose of financing the acquisition or storage
              of such fuel or fuel products or, with respect to nuclear fuel, the processing, reprocessing, sorting, storage and disposal thereof;

           

          (v)          Liens on (including Liens arising out of the sale of)
              accounts receivable and/or contracts which will give rise to accounts receivable of such Borrower or any Subsidiary thereof;

           

          (w)         Liens on property or assets of a Subsidiary securing
              obligations owing to such Borrower or any Subsidiary;

           

          (x)          Liens securing Hedge Agreements permitted to be
              incurred under this Agreement;

           

          (y)          Liens incidental to the normal conduct of the
              business of any Borrower or any Subsidiary or ownership of its property that are not incurred in connection with the incurrence of Indebtedness and that do not in the aggregate materially impair the use of such property in the operation of
              the business of such Borrower and its Subsidiaries taken as a whole or the value of such property for the purposes of such business;

           

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

           

          (aa)        Liens on insurance policies and the proceeds thereof
              securing the financing of the insurance premiums with respect thereto;

           

          (bb)        Liens (i) on cash advances in favor of the seller of
              any property to be acquired in an acquisition or investment and (ii) consisting of an agreement to dispose of any property in a disposition permitted under this Agreement; and

           

          (cc)        Liens which would otherwise not be permitted by
              clauses (a) through (bb) securing additional Indebtedness of such Borrower or any Subsidiary thereof; provided that after giving effect thereto the aggregate unpaid principal amount of Indebtedness of such Borrower and its Subsidiaries
              secured by Liens permitted by this clause (cc) shall not exceed $50,000,000.

           

          “Person” means an individual, partnership, corporation (including, without limitation, a business trust), joint stock company, limited
            liability company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof.

           

          “Platform” means Debt Domain, Intralinks, SyndTrak or a substantially similar electronic transmission system.

           

          
            27

            
              

          

          “Prime Rate” means, at any time, the rate of interest per annum publicly announced from time to time by the Administrative Agent as its
            prime rate.  Each change in the Prime Rate shall be effective as of the opening of business on the day such change in such Prime Rate occurs.  The parties hereto acknowledge that the rate announced publicly by the Administrative Agent as its
            Prime Rate is an index or base rate and shall not necessarily be its lowest or best rate charged to its customers or other banks.

           

          “Principal Credit Facilities” means any credit or facility agreement or note purchase agreement of SJI, whether now existing or existing in
            the future, that provides for senior Indebtedness for borrowed money in an aggregate principal amount outstanding or available for borrowing under such agreement in excess of $50,000,000 or, in the case of any credit or facility agreement, that
            constitutes the primary bank credit facility or facilities of SJI, in each case, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, including, but not
            limited to, and notwithstanding the minimum dollar threshold above, the SJI Note Purchase Agreements.

           

          “Private Lenders” means any Lenders that are not Public Lenders.

           

          “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time
            to time.

           

          “Public Lenders” has the meaning assigned to that term in Section 6.03.

           

          “Rating Agency” means S&P and/or Moody’s.

           

          “Reference Time” with respect to any setting of any then-current Benchmark means (1) if such Benchmark is LIBOR, 11:00 a.m. (London time) on
            the day that is two (2) Business Days preceding the date of such setting, and (2) if such Benchmark is not LIBOR, the time determined by the Administrative Agent in its reasonable discretion.

           

          “Register” has the meaning assigned to that term in Section 9.09(c).

           

          “Reimbursement Obligation” means, with respect to each Borrower, the obligation of such Borrower to reimburse any Issuing Lender for amounts
            drawn under Letters of Credit issued by such Issuing Lender.

           

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

           

          “Relevant Governmental Body” means, with respect to any given Benchmark, (a) the central bank for the currency applicable to such Benchmark
            or any central bank or other supervisor that is responsible for supervising either (i) such Benchmark or (ii) the administrator of such Benchmark or (b) any working group or committee officially endorsed or convened by (i) the central bank for
            the currency applicable to such Benchmark, (ii) any central bank or other supervisor that is responsible for supervising either (A) such Benchmark or (B) the administrator of such Benchmark, (iii) a group of those central banks or other
            supervisors or (iv) the Financial Stability Board or any part thereof.

           

          
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          “Required Lenders” means Lenders whose unused Commitment and Revolving Credit Exposure in the aggregate total more than 50% of the unused
            Aggregate Commitments and Revolving Credit Exposures; provided that the unused Commitment and the Revolving Credit Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required
            Lenders.

           

          “Resignation Effective Date” has the meaning assigned to that term in Section 8.06(a).

           

          “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

           

          “Responsible Officer” means, as to any Person, the chief executive officer, president, chief financial officer, controller, treasurer or
            assistant treasurer or similar person of such Person or any other officer of such Person designated in writing from time to time by the applicable Borrower to the Administrative Agent; provided that, to the extent requested thereby, the
            Administrative Agent shall have received a certificate of such Person certifying as to the incumbency and genuineness of the signature of each such officer.  Any document delivered hereunder or under any other Loan Document that is signed by a
            Responsible Officer of any Borrower shall be conclusively presumed to have been authorized by all necessary corporate, limited liability company, partnership and/or other action on the part of such Borrower and such Responsible Officer shall be
            conclusively presumed to have acted on behalf of such Borrower.

           

          “Revolving Credit Exposure” means, as to any Lender at any time, the aggregate principal amount at such time of its outstanding Revolving
            Loans and such Lender’s participations in L/C Obligations and Swingline Loans at such time.

           

          “Revolving Credit Facility” means the revolving credit facility established pursuant to Article II.

           

          “Revolving Loan Notes” means the promissory notes of each Borrower in favor of each Lender evidencing the Revolving Loans made to such
            Borrower and substantially in the form of Exhibit A-1.

           

          “Revolving Loans” means those Base Rate Loans and LIBOR Rate Loans made pursuant to Section
              2.01.

           

          “S&P” means Standard & Poor’s Rating Service, a division of S&P Global Inc. and any successor thereto.

           

          “Sanctioned Country” means a country, territory or region which is at any time subject or target of any Sanctions (including, as of the
            Closing Date, Cuba, Iran, North Korea, Syria and Crimea).

           

          “Sanctioned Person” means, at any time, (a) a Person listed in any Sanctions-related list of designated
            Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority, (b) any Person operating, organized
            or resident in a Sanctioned Country or (c) any Person owned more than 50% individually or in the aggregate, directly or indirectly, or controlled by any such Person or Persons described in clauses (a) and (b).

           

          
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          “Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the United
            States Government (including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority.

           

          “Significant Subsidiary” means, with respect to any Person, a Subsidiary which meets any of the
            following conditions:

           

          (a)          such Person’s and its other Subsidiaries’ investments
              in and advances to the Subsidiary exceed 10% of the total assets of such Person and its Consolidated Subsidiaries as of the end of the most recently completed fiscal quarter;

           

          (b)          such Person’s and its other Subsidiaries’
              proportionate share (as determined by ownership interests) of the total assets (after intercompany eliminations) of the Subsidiary exceeds 10% of the total assets of such Person and its Consolidated Subsidiaries as of the end of the most
              recently completed fiscal quarter; or

           

          (c)          such Person’s and its other Subsidiaries’
              proportionate share (as determined by ownership interests) in the income from continuing operations before income taxes, extraordinary items and cumulative effect of changes in accounting principles of the Subsidiary exceeds 10% of such
              income of such Person and its Consolidated Subsidiaries for the most recently completed fiscal quarter.

           

          “SJG” has the meaning assigned to that term in the preamble hereto.

           

          “SJG First Mortgage Indenture” means that certain Supplemental Indenture Amending and Restating the First Mortgage Indenture, dated January
            23, 2017, as may be amended, modified, restated, amended and restated, renewed or supplemented from time to time.

           

          “SJI” has the meaning assigned to that term in the preamble hereto.

           

          “SJI Note Purchase Agreements” means, (a) SJI’s Note Purchase Agreement dated June 28, 2012, (b) SJI’s Note Purchase Agreement dated August
            16, 2017, (c) SJI’s Note Purchase Agreement dated April 25, 2018 and (d) SJI’s Note Purchase Agreement, dated May 27, 2020, in each case, as amended, amended and restated, supplemented or otherwise modified from time to time, and any renewals,
            refinancings, exchanges, refundings or extension thereof.

           

          “SOFR” means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day
            published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day.

           

          “SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

           

          
            30

            
              

          

          “SOFR Administrator’s Website” means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or
            any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

           

          “Solvent” means, with respect to any Person, that such Person (a) has capital sufficient to carry on its business and transactions and all
            business and transactions in which it is about to engage and is able to pay its debts as they mature, (b) owns property having a value, both at fair valuation and at present fair saleable value, greater than the amount required to pay its
            probable liabilities (including contingencies), and (c) does not believe that it will incur debts or liabilities beyond its ability to pay such debts or liabilities as they mature.

           

          “Stated Termination Date” means September 1, 2026, or such later date to which the Stated Termination Date may be extended pursuant to Section

              2.18; provided that, if such date is not a Business Day, the Stated Termination Date shall be the next preceding Business Day.

           

          “Sublimit” means, with respect to each Borrower, its Initial Sublimit, as the same may be modified from time to time pursuant to Section
              2.06(c) or Section 2.08(f); provided that a Borrower’s Sublimit shall at no time exceed its Maximum Sublimit or be less than its Minimum Sublimit.

           

          “Sublimit Adjustment Letter” means a letter substantially in the form of Exhibit I.

           

          “Subsidiary” means, with respect to any Person, any corporation or unincorporated entity of which more than 50% of the outstanding capital
            stock (or comparable interest) having ordinary voting power (irrespective of whether at the time capital stock (or comparable interest) of any other class or classes of such corporation or entity shall or might have voting power upon the
            occurrence of any contingency) is at the time directly or indirectly owned by said Person (whether directly or through one of more other Subsidiaries).  In the case of an unincorporated entity, a Person shall be deemed to have more than 50% of
            interests having ordinary voting power only if such Person’s vote in respect of such interests comprises more than 50% of the total voting power of all such interests in the unincorporated entity.

           

          “Subsidiary Guaranty” has the meaning set forth in Section 6.01(s).

           

          “Swingline Borrowing” means a borrowing hereunder consisting of Swingline Loans made to a Borrower.

           

          “Swingline Commitment” means the lesser of (a)
            $100,000,000 and (b) the unutilized Commitment of the Swingline Lender.

           

          “Swingline Lender” means Wells Fargo Bank, in its capacity as swingline lender
            hereunder, together with its successors and permitted assigns in such capacity.

           

          “Swingline Loan” means the swingline loans made by the Swingline Lender to a
            Borrower pursuant to Section 2.02, and all such loans collectively as the context requires.

           

          
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          “Swingline Note” means the promissory note of each Borrower in favor of the
            Swingline Lender evidencing the Swingline Loans made to such Borrower and substantially in the form of Exhibit A-2.

           

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

           

          “Termination Date” means the earliest of (a) the Stated Termination Date, (b) the date of termination by the Borrowers of the Aggregate
            Commitments in full pursuant to Section 2.06, and (c) the date of termination of the Aggregate Commitments pursuant to Section 7.02(a).

           

          “Termination Event” means, with respect to any Borrower, except for any such event or condition that could not reasonably be expected to
            have a Material Adverse Effect:  (a) a “Reportable Event” described in Section 4043 of ERISA for which the notice requirement has not been waived by the PBGC, or (b) the withdrawal of such Borrower or any ERISA Affiliate thereof from a Pension
            Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA, or (c) the termination of a Pension Plan, the filing of a notice of intent to terminate a Pension Plan or the treatment of a Pension
            Plan amendment as a termination, under Section 4041 of ERISA, if the plan assets are not sufficient to pay all plan liabilities, or (d) the institution of proceedings to terminate, or the appointment of a trustee with respect to, any Pension
            Plan by the PBGC, or (e) any other event or condition which would constitute grounds under Section 4042(a) of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan, or (f) the imposition of a Lien
            pursuant to Section 430 of the Code or Section 303 of ERISA, or (g) the partial or complete withdrawal of such Borrower or any ERISA Affiliate thereof from a Multiemployer Plan if withdrawal liability is asserted by such plan, or (h) any event
            or condition which results in the insolvency of a Multiemployer Plan under Section 4245 of ERISA, or (i) any event or condition which results in the termination of a Multiemployer Plan under Section 4041A of ERISA or the institution by PBGC of
            proceedings to terminate a Multiemployer Plan under Section 4042 of ERISA.

           

          “Term SOFR” means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR
            that has been selected or recommended by the Relevant Governmental Body.

           

          “Term SOFR Notice” means a notification by the Administrative Agent to the Lenders and the Borrowers of the occurrence of a Term SOFR
            Transition Event.

           

          “Term SOFR Transition Event” means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the
            Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, has
            previously occurred resulting in the replacement of the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.12(e) with a Benchmark Replacement the Unadjusted Benchmark Replacement
            component of which is not Term SOFR.

           

          
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          “Type” means a type of Loan, being either a LIBOR Rate Loan or a Base Rate Loan, as applicable.

           

          “UCC” means the Uniform Commercial Code as in effect in the State of New York, as amended or modified from time to time.

           

          “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time)
            promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain
            credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

           

          “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of
            any UK Financial Institution.

           

          “Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

           

          “Uniform Customs” means the Uniform Customs and Practice for Documentary Credits (1993 Revision), effective January, 1994 International
            Chamber of Commerce Publication No. 600.

           

          “Wells Fargo Bank” has the meaning assigned to that term in the preamble hereto.

           

          “Wells Fargo Securities” means Wells Fargo Securities, LLC.

           

          “Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA
            Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom,
            any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to
            convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any
            obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

           

          SECTION 1.02         Computation of Time Periods.  In this Agreement, in the computation of a period of time from a specified date to a later specified date, the word “from” means “from and including” and the words
              “to” and “until” each means “to but excluding” and the word “through” means “to and including”.

           

          SECTION 1.03          Accounting Terms and Determinations.

           

          
            33

            
              

          

          (a)          All accounting terms not specifically or completely
              defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with GAAP, applied
              on a consistent basis, as in effect from time to time and in a manner consistent with that used in preparing the audited financial statements required by Section 6.03, except as otherwise specifically prescribed herein. 
              Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Borrowers and their respective Subsidiaries shall be deemed to
              be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded.  If at any time any change in GAAP would affect
              the computation of any financial ratio or requirement set forth in any Loan Document, and either the Borrowers or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrowers shall negotiate in good faith to
              amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrowers shall provide to the Administrative Agent and
              the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to
              such change in GAAP.

           

          (b)        Any financial ratios required to be maintained by any
              Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio or percentage is expressed herein and
              rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

           

          (c)         Unless otherwise expressly provided herein,
              (a) references to formation documents, governing documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other
              modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and (b) references to any Applicable Law shall include all statutory
              and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Applicable Law.

           

          SECTION 1.04          Terminology.  With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document:  (a) the definitions of
              terms herein shall apply equally to the singular and plural forms of the terms defined, (b) whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms, (c) the words “include”,
              “includes” and “including” shall be deemed to be followed by the phrase “without limitation”, (d) the word “will” shall be construed to have the same meaning and effect as the word “shall”, (e) any reference herein to any Person shall be
              construed to include such Person’s successors and assigns, (f) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision
              hereof, (g) all references herein to “Articles,” “Sections,” “Exhibits” and “Schedules” shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (h) the words “asset” and “property” shall be
              construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights, (i) the term “documents” includes any and all instruments,
              documents, agreements, certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form, and (j) Section headings herein and in the other Loan Documents are included for
              convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document.

           

          
            34

            
              

          

          SECTION 1.05          Use of Defined Terms.  All terms defined in this Agreement shall have the same meanings when used in any of the other Loan Documents, unless otherwise defined therein or unless the context shall
              otherwise require.

           

          SECTION 1.06        Divisions.  For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different
              jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the
              subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its equity interest at such time.

           

          SECTION 1.07         Rates.  The interest rate on LIBOR Rate Loans and Base Rate Loans (when determined by reference to clause (c) of
              the definition of Base Rate) may be determined by reference to LIBOR, which is derived from the London interbank offered rate.  The London interbank offered rate is intended to represent the rate at which contributing banks may obtain
              short-term borrowings from each other in the London interbank market.  On March 5, 2021, ICE Benchmark Administration (“IBA”), the administrator of the London interbank offered rate, and the Financial Conduct Authority (the “FCA”),

              the regulatory supervisor of IBA, announced in public statements (the “Announcements”) that the final publication or representativeness date for the London interbank offered rate for Dollars for: (a) 1-week and 2-month tenor settings
              will be December 31, 2021 and (b) overnight, 1-month, 3-month, 6-month and 12-month tenor settings will be June 30, 2023. No successor administrator for IBA was identified in such Announcements.  As a result, it is possible that commencing
              immediately after such dates, the London interbank offered rate for such tenors may no longer be available or may no longer be deemed a representative reference rate upon which to determine the interest rate on LIBOR Rate Loans or Base Rate
              Loans (when determined by reference to clause (c) of the definition of Base Rate). There is no assurance that the dates set forth in the Announcements will not change or that IBA or the FCA will not take further action that could impact the
              availability, composition or characteristics of any London interbank offered rate. Public and private sector industry initiatives have been and continue, as of the date hereof, to be underway to implement new or alternative reference rates to
              be used in place of the London interbank offered rate.  In the event that the London interbank offered rate or any other then-current Benchmark is no longer available or in certain other circumstances set forth in Section 2.12(e),
              such Section 2.12(e) provides a mechanism for determining an alternative rate of interest.  The Administrative Agent will notify the Borrowers, pursuant to Section 2.12(e), of any change to the reference rate upon which the
              interest rate on LIBOR Rate Loans and Base Rate Loans (when determined by reference to clause (c) of the definition of Base Rate) is based.  However, the Administrative Agent does not warrant or accept any responsibility for, and shall not
              have any liability with respect to, (i) the continuation of, administration of, submission of, calculation of or any other matter related to the London interbank offered rate or other rates in the definition of “LIBOR” or with respect to any
              alternative, successor or replacement rate thereto (including any then-current Benchmark or any Benchmark Replacement), including whether the composition or characteristics of any such alternative,
                successor or replacement rate (including any Benchmark Replacement), as it may or may not be adjusted pursuant to Section 2.12(e), will be
                similar to, or produce the same value or economic equivalence of, LIBOR or any other Benchmark, or have the same volume or liquidity as did the London interbank offered rate or any other Benchmark prior to its discontinuance or
                unavailability, or (ii) the effect, implementation or composition of any Benchmark Replacement Conforming Changes.  The Administrative Agent and its Affiliates or other related entities may engage in transactions that affect the
              calculation of a Benchmark, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto and such transactions may be adverse to the Borrowers.  The Administrative Agent may select
              information sources or services in its reasonable discretion to ascertain any Benchmark, any component definition thereof or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no
              liability to any Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or
              otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.

           

          
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          ARTICLE II

            LOANS

           

          SECTION 2.01          Revolving Loans.

           

          (a)          Subject to the terms and
              conditions of this Agreement, and in reliance upon the representations and warranties set forth herein, each Lender severally agrees to make its Commitment Percentage of Revolving Loans in Dollars to each Borrower from time to time from the
              Closing Date to, but not including, the Termination Date, as requested by such Borrower in accordance with the terms of Sections 2.03(a)(i) or as set forth in Section 3.05; provided,
              that after giving effect to any amount requested and the application of the proceeds thereof (i) the Extensions of Credit shall not exceed the Aggregate Commitments; (ii) the
              Revolving Credit Exposure of any Lender shall not at any time exceed such Lender’s Commitment and (iii) the Extensions of Credit made to any Borrower shall not at any time exceed such Borrower’s Sublimit.  Each Revolving Loan by a Lender
              shall be in a principal amount equal to such Lender’s Commitment Percentage multiplied by the aggregate principal amount of Revolving Loans requested on such occasion.

           

          (b)          Subject to the terms and conditions hereof, each
              Borrower may borrow, repay and reborrow Revolving Loans prior to the Termination Date.

           

          (c)          Except as otherwise provided in Section 3.05,
              Revolving Loans shall be disbursed in accordance with Section 2.03(d)(i).

           

          
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          SECTION 2.02          Swingline Loans.

           

          (a)          Availability.

           

          (i)          Subject to the terms and
              conditions of this Agreement, and in reliance upon the representations and warranties set forth herein, the Swingline Lender agrees to make Swingline Loans to each Borrower from time to time from the Closing Date through, but not including,
              the Termination Date, as requested by such Borrower in accordance with the terms of Section 2.03(a)(ii); provided, that after giving effect to any amount requested and the application of the
              proceeds thereof (A) the Extensions of Credit shall not exceed the Aggregate Commitments; (B) the aggregate principal amount of all Swingline Loans then outstanding shall not exceed the Swingline Commitment; and
              (C) the Extensions of Credit made to any Borrower shall not at any time exceed such Borrower’s Sublimit.  Each Lender acknowledges that the aggregate principal amount of all outstanding Swingline Loans made by the Swingline Lender, when taken
              together with the aggregate principal amount of all outstanding Revolving Loans made by the Swingline Lender, may exceed the Swingline Lender’s Commitment.  Upon and during the continuance of a Default or an Event of Default with respect to a
              Borrower, such Borrower shall no longer have the option of requesting Swingline Loans and the Swingline Lender shall not be obligated to make Swingline Loans to such Borrower.  No more than one (1) Swingline Loan may be made on the same
              Business Day.

           

          (ii)          Each Swingline Loan shall be in
              the aggregate principal amount of $500,000 or any multiple of $100,000 in excess thereof, or such lesser amount as shall be equal to the aggregate amount of the unborrowed Swingline Commitment on such date.

           

          (iii)        Subject to the terms and
              conditions hereof, each Borrower may borrow, repay and reborrow Swingline Loans prior to the Termination Date.

           

          (iv)         Swingline Loans shall be
              disbursed in accordance with Section 2.03(d)(ii).

           

          (b)          Maturity.  Each Swingline Loan shall be repaid
              by the applicable Borrower no later than fourteen (14) days from the date such Swingline Loan was made.

           

          (c)          Risk Participation;
                Refunding.

           

          (i)          Immediately upon the making of a Swingline Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an
              amount equal to the product of such Lender’s Commitment Percentage times the principal amount of such Swingline Loan.

           

          (ii)          Swingline

              Loans (including accrued and unpaid interest thereon) shall be refinanced fully by the Lenders on demand by the Swingline Lender.  Such refinancing shall be made by the Lenders as if the applicable Borrower had timely given a Notice of
              Borrowing to the Administrative Agent requesting that the Lenders make a Revolving Loan bearing interest at the Base Rate plus the Applicable Base Rate Margin on such date in the amount to be refinanced, and such Swingline Loans shall
              thereafter be reflected as Revolving Loans of the Lenders on the books and records of the Administrative Agent; provided, that any refinancings under this Section 2.02(c)(ii) shall be subject to Section 2.01(a) and Section
                4.02.  No Lender’s obligation to fund its respective Commitment Percentage of a Swingline Loan under this Section 2.02(c)(ii) shall be affected by any other Lender’s failure to fund its Commitment Percentage of a Swingline Loan,
              nor shall any Lender’s Commitment Percentage be increased as a result of any such failure of any other Lender to fund its Commitment Percentage of a Swingline Loan.

           

          
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          (iii)        The applicable Borrower shall pay
              to the Swingline Lender on demand the amount of such Swingline Loans (including accrued and unpaid interest thereon) to the extent amounts received from the Lenders pursuant to Section 2.02(c)(ii) are not sufficient to repay in full
              the outstanding Swingline Loans required to be refunded.  In addition, each Borrower hereby authorizes the Administrative Agent and the Swingline Lender to charge any account maintained by such Borrower or any Subsidiary of such Borrower with
              the Swingline Lender (up to the amount available therein) in order to immediately pay the Swingline Lender the amount of such Swingline Loans to the extent amounts received from the Lenders are not sufficient to repay in full the outstanding
              Swingline Loans requested or required to be refunded.  If any payment received by the Swingline Lender in respect of principal or interest on any Swingline Loan is required to be returned by the Swingline Lender under any of the circumstances
              described in Section 9.18 (including pursuant to any settlement entered into by the Swingline Lender in its discretion), each Lender shall pay to the Swingline Lender its Commitment Percentage thereof on demand of the Administrative
              Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate.  The Administrative Agent will make such demand upon the request of the Swingline Lender.  The
              obligations of the Lenders under this clause shall survive the payment in full of all Obligations and the termination of this Agreement.

           

          (iv)       Each Lender agrees and acknowledges that if, for any reason, any unreimbursed Swingline Loan cannot be refinanced by a Revolving Loan pursuant to Section 2.02(c)(ii), each Lender shall fund its risk
              participation in such Swingline Loan purchased in accordance with Section 2.02(c)(i) by immediately transferring to the Swingline Lender, in immediately available funds, the amount of its risk participation.  Whenever, at any time
              after the Swingline Lender has received from any Lender such Lender’s risk participation in a Swingline Loan, the Swingline Lender receives any payment on account thereof, the Swingline Lender will distribute to such Lender its risk
              participation in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s risk participation was outstanding and funded).  Each Lender’s obligation to fund risk
              participations in Swingline Loans pursuant to this Section 2.02(c)(iv) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim,
              recoupment, defense or other right which such Lender may have against the Swingline Lender, any Borrower or any other Person for any reason whatsoever, or (B) the occurrence of a Default or Event of Default.  No
              such funding of risk participations shall relieve or otherwise impair the obligation of any Borrower to repay Swingline Loans, together with interest as provided herein.

           

          
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          (d)         In addition to Section

                8.06(b), the Swingline Lender may resign at any time by giving written notice thereof to the Lenders and the Borrowers, with any such resignation to become effective only upon the appointment of a successor Swingline Lender pursuant to
              this Section 2.02(d).  Upon any such resignation, the Required Lenders shall have the right to appoint a successor Swingline Lender, which shall be a Lender or an assignee acceptable to the Borrowers.  If no successor Swingline Lender
              shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within 30 days after the retiring Swingline Lender’s giving of notice of resignation, then the retiring Swingline Lender may, on behalf of the
              Lenders, appoint a successor Swingline Lender, which shall be a Lender or an assignee.  Upon the acceptance of any appointment as Swingline Lender hereunder by a successor Swingline Lender, such successor Swingline Lender shall thereupon
              succeed to and become vested with all the rights, powers, privileges and duties of the retiring Swingline Lender.

           

          SECTION 2.03          Procedure for Advances of Loans.

           

          (a)          Requests for Borrowing.

           

          (i)          Revolving

                Loans.

           

          (A)        Base

                Rate Loans.  By no later than 11:00 a.m. (Charlotte, North Carolina time) on the Business Day of any Borrower’s request for a borrowing of a Base Rate Loan, such Borrower shall submit to the Administrative Agent a written notice in the
              form attached hereto as Exhibit B (a “Notice of Borrowing”), which such Notice of Borrowing shall set forth (I) the amount requested and (II) the desire to have such Loans accrue interest at the Base Rate.  A Notice of
              Borrowing received after 11:00 a.m. (Charlotte, North Carolina time) shall be deemed received on the next Business Day.  The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

           

          (B)        LIBOR

                Rate Loans.  By no later than 2:00 p.m. (Charlotte, North Carolina time) on the third Business Day prior to the date of any Borrower’s request for a borrowing of a LIBOR Rate Loan, such Borrower shall submit a Notice of Borrowing of a
              LIBOR Rate Loan to the Administrative Agent, which such Notice of Borrowing shall set forth (I) the amount requested, (II) the desire to have such Loans accrue interest at the LIBOR Rate and (III) the Interest Period applicable thereto.  A
              Notice of Borrowing received after 2:00 p.m. (Charlotte, North Carolina time) shall be deemed received on the next Business Day.  The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

           

          (ii)          Swingline

                Loans.  By no later than 2:00 p.m. (Charlotte, North Carolina time) on the Business Day of the proposed Swingline Loan, the applicable Borrower shall submit to the Administrative Agent a written notice in the form attached hereto as Exhibit

                C (a “Notice of Swingline Borrowing”), which such Notice of Swingline Borrowing shall specify (A) the date of such borrowing, which shall be a Business Day, (B) the aggregate amount of such borrowing, and (C) whether such
              proposed Swingline Loan will bear interest at a rate per annum for each day that such Swingline Loan is outstanding at either (I) the LIBOR Market Index Rate plus the Applicable LIBOR Margin or (II) the Base Rate plus the Applicable Base Rate
              Margin.  A Notice of Swingline Borrowing received after 2:00 p.m. (Charlotte, North Carolina time) shall be deemed received on the next Business Day.  The Administrative Agent shall promptly notify the Lenders of each Notice of Swingline
              Borrowing received by the Administrative Agent.

           

          
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          (b)        Each Notice of Borrowing and Notice of Swingline
              Borrowing shall be irrevocable and binding on the applicable Borrower.  In the case of any borrowing that the related Notice of Borrowing specifies is to comprise LIBOR Rate Loans, the applicable Borrower shall indemnify the applicable Lender
              against any loss, cost or expense incurred by such Lender as a result of any failure of such Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Loans, the applicable conditions set forth in Article IV,
              including, without limitation, any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by such Lender as part of such borrowing.

           

          (c)          Each Revolving Loan shall be in an aggregate
              principal amount of $5,000,000 or any multiple of $1,000,000 in excess thereof (except that any such Revolving Loan may be in the aggregate amount of the unborrowed Commitments on such date).

           

          (d)          Disbursement of Loans.

           

          (i)          Revolving

                Loans.  Not later than 2:00 p.m. (Charlotte, North Carolina time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the applicable Borrower, at the office of the
              Administrative Agent in funds immediately available to the Administrative Agent, as applicable, such Lender’s Commitment Percentage multiplied by the Revolving Loans to be made on such borrowing date.  Subject to Section 3.05, upon
              satisfaction of the applicable conditions set forth in Section 4.02 (and, if such borrowing is the initial Extension of Credit, Section 4.01), the Administrative Agent shall make all funds
              so received available to the applicable Borrower in like funds as received by the Administrative Agent by crediting or wiring such proceeds to the deposit account of such Borrower identified in the most recent notice substantially in the form
              of Exhibit D hereto (a “Notice of Account Designation”) delivered by such Borrower to the Administrative Agent or such other account as may be designated in writing by such Borrower to the Administrative Agent from time to
              time.  Revolving Loans to be made for the purpose of refunding Swingline Loans shall be made by the Lenders as provided in Section 2.02(c).

           

          (ii)          Swingline

                Loans.  The Swingline Lender shall, before 3:00 p.m. (Charlotte, North Carolina time) on the date of such Swingline Borrowing, make available to the Administrative Agent for the account of the applicable Borrower in same day funds, the
              proceeds of such Swingline Borrowing.  Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such borrowing is the initial Extension of Credit, Section 4.01), the
              Administrative Agent shall make all funds so received available to the applicable Borrower in like funds as received by the Administrative Agent by crediting or wiring such proceeds to the deposit account of such Borrower identified in the
              most recent Notice of Account Designation delivered by such Borrower.  The Swingline Loans shall be included in the Commitments of the Lenders, and each Swingline Borrowing will reduce correspondingly the amount of the available Commitment of
              each Lender on a pro rata basis based on each Lender’s Commitment Percentage.

           

          
            40

            
              

          

          SECTION 2.04          [Reserved].

           

          SECTION 2.05          Fees.

           

          (a)          Each Borrower hereby
              agrees to pay to the Administrative Agent, for the ratable account of each Lender, a facility fee (the “Facility Fee”) equal to its Applicable Share of such Lender’s Commitment multiplied by a rate per annum equal to the
              “Applicable Facility Fee Rate” under the definition of Applicable Margin for such Borrower from the date hereof to the Final Fee Payment Date, payable quarterly in arrears on the last day of each March, June, September and December,
              commencing September 30, 2021, and on the Final Fee Payment Date.

           

          (b)          Each Borrower hereby agrees to pay its Applicable
              Share of such other fees as are specified in the Fee Letters.

           

          SECTION 2.06          Reduction of Commitments; Changes in Sublimits.

           

          (a)          Voluntary.

           

          (i)          Subject to Section 2.07(b)(i)
              and (ii) upon at least three Business Days’ notice, the Borrowers shall have the right to permanently terminate or reduce the aggregate unused amount of the Aggregate Commitments at any time or from time to time; provided, that (A) each partial reduction shall be in an aggregate amount at least equal to $10,000,000 and in integral multiples of $1,000,000 in excess thereof, and (B) no reduction shall be made which
              would reduce the Aggregate Commitments to an amount less than the then outstanding Extensions of Credit.  Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Commitment Percentage. 
              Any such reduction shall have the effect of reducing each Borrower’s Sublimit in an amount as designated by the Borrowers; provided that (x) no Sublimit of a Borrower shall be reduced to an amount less than (1) the outstanding
              Extensions of Credit made to such Borrower or (2) such Borrower’s Minimum Sublimit and (y) after giving effect to such reduction, the aggregate Sublimits must equal the Aggregate Commitments.  Any reduction in (or termination of) the
              Aggregate Commitments shall be permanent and may not be reinstated.

           

          (ii)          Subject

              to Section 2.07(b)(iii), upon at least three Business Days’ notice, the Borrowers shall have the right to permanently terminate or reduce the aggregate unused amount of the Swingline Commitment at any time or from time to time; provided, that (A) each partial reduction shall be in an aggregate amount at least equal to $1,000,000 and in integral multiples of $1,000,000 in excess thereof, and (B) no reduction shall be made which
              would reduce the Swingline Commitment to an amount less than the sum of the then outstanding Swingline Loans.  Any reduction in (or termination of) the Swingline Commitment shall be permanent and may not be reinstated.

           

          
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          (b)          Mandatory.

           

          (i)           On the Termination Date, the
              Aggregate Commitments shall automatically and permanently be reduced to zero.

           

          (ii)          On the Current Stated Termination
              Date, the Commitment of each Non-Consenting Lender shall automatically and permanently be reduced to zero.

           

          (c)          Changes in Sublimits.

           

          (i)          So
              long as no Event of Default exists with respect to any Borrower and all of the representations and warranties of the Borrowers in this Agreement are true and correct in all material respects (except for representations and warranties
              qualified by materiality, which shall be true and correct in all respects), in each case, on and as of the date of a Sublimit Adjustment Letter with the same effect as if made on such date (or, if any such representation and warranty is
              expressly stated to have been made as of a specific date, as of such specific date), the Borrowers may, upon not less than three (3) Business Days’ notice to the Administrative Agent pursuant to a Sublimit Adjustment Letter, reallocate
              amounts of the Aggregate Commitments among the respective Sublimits of the Borrowers (i.e., reduce the Sublimits of one or more Borrowers and increase the Sublimits of one or more other Borrowers by the same aggregate amount); provided
              that (i) a Borrower’s Sublimit may not be reduced to an amount less than (A) the outstanding Extensions of Credit made to such Borrower or (B) its Minimum Sublimit, (ii) the sum of the Sublimits of the respective Borrowers shall at all times
              equal the amount of the Aggregate Commitments, (iii) a Borrower’s Sublimit may not be increased to an amount in excess of such Borrower’s Maximum Sublimit, and (iv) any such increase in a Borrower’s Sublimit shall be accompanied or preceded
              by evidence reasonably requested by the Administrative Agent as to any appropriate corporate and governmental authorization therefor.

           

          (ii)          So long as no Event of Default
              exists with respect to a Borrower, such Borrower may, upon not less than three (3) Business Days’ notice to the Administrative Agent in form and substance satisfactory to the Administrative Agent, reduce or increase its Maximum Sublimit or
              Minimum Sublimit (but, for the avoidance of doubt, not its Sublimit) if such modification is required or requested by any Governmental Authority having jurisdiction over such Borrower to the amount so requested or required by such
              Governmental Authority; provided that any such reduction or increase in a Borrower’s Maximum Sublimit or Minimum Sublimit shall be accompanied or preceded by evidence of the applicable Governmental Authority’s request or order
              therefor.

           

          SECTION 2.07          Prepayment of Loans.

           

          (a)          Voluntary Prepayments.  Each Borrower shall
              have the right to prepay Loans made to it in whole or in part from time to time without premium or penalty upon one Business Days’ prior written notice to the Administrative Agent; provided, that (i)
              LIBOR Rate Loans may only be prepaid on three Business Days’ prior written notice to the Administrative Agent and any prepayment of LIBOR Rate Loans will be subject to Section 2.12(e), (ii) each such partial prepayment of Loans (other
              than Swingline Loans) shall be in the minimum principal amount of $10,000,000, and (iii) each such partial prepayment of Swingline Loans shall be in a minimum principal amount of $500,000.  Amounts prepaid hereunder shall be applied first to
              Swingline Loans until paid in full, second to Base Rate Loans until paid in full and third to LIBOR Rate Loans, in direct order of Interest Period maturities until paid in full, pro rata among all Lenders based on their Commitment
              Percentages.

           

          
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          (b)          Mandatory Prepayments; Repayment of Loans.

           

          (i)          If at
              any time either (A) the amount of the Extensions of Credit exceed the Aggregate Commitments, or (B) the amount of the Extensions of Credit made to any Borrower exceed such Borrower’s Sublimit, the applicable Borrower shall immediately make a
              principal payment to the Administrative Agent for the ratable accounts of the Lenders in an aggregate amount necessary together with (x) accrued interest to the date of such prepayment on the principal amount repaid or prepaid and (y) in the
              case of prepayments of LIBOR Rate Loans, any amount payable to the Lenders pursuant to Section 2.12(e), so that the Extensions of Credit do not exceed the Aggregate Commitments or the Extensions of Credit made to such Borrower do not
              exceed its Sublimit, as applicable.  Any payments made under this Section 2.07(b)(i) shall be applied first to Swingline Loans until paid in full, second to Base Rate Loans until paid in full and third to LIBOR Rate Loans in direct
              order of Interest Period maturities until paid in full, pro rata among all Lenders holding same.

           

          (ii)          On
              each date on which the Aggregate Commitments or the Sublimit of any Borrower are decreased pursuant to Section 2.06, the applicable Borrower shall pay or prepay to the Administrative Agent for the ratable accounts of the Lenders such
              principal amount of its outstanding Loans as shall be necessary, together with (A) accrued interest to the date of such prepayment on the principal amount repaid or prepaid and (B) in the case of prepayments of LIBOR Rate Loans, any amount
              payable to the Lenders pursuant to Section 2.12(e), so that the Extensions of Credit do not exceed the Aggregate Commitments and the Extensions of Credit made to each Borrower do not exceed its Sublimit, as applicable.  Any payments
              made under this Section 2.07(b)(ii) shall be applied first to Swingline Loans until paid in full, second to Base Rate Loans until paid in full and third to LIBOR Rate Loans in direct order of Interest Period maturities until paid in
              full, pro rata among all Lenders holding same.

           

          (iii)          On
              each date on which the Swingline Commitment is reduced pursuant to Section 2.06(a)(ii), each Borrower shall pay or prepay to the Administrative Agent for the ratable accounts of the Lenders or prepay such principal amount of its
              outstanding Swingline Loans, together with accrued interest to the date of such prepayment on the principal amount repaid or prepaid, if any, as may be necessary so that after such payment the aggregate unpaid principal amount of Swingline
              Loans does not exceed the amount of the Swingline Commitment as then reduced.

           

          (iv)          On the Termination Date, each
              Borrower shall pay to the Administrative Agent for the ratable accounts of the Lenders, the outstanding principal amount of all Loans made to it, together with (A) accrued interest to the date of such payment on the principal amount repaid
              and (B) in the case of prepayments of LIBOR Rate Loans, any amount payable to the Lenders pursuant to Section 2.12(e).

           

          
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          (v)          Each of SJG and ETG will repay, by
              means of a reborrowing hereunder or otherwise, each Revolving Loan made to such Borrower within 365 days of when it was made.

           

          SECTION 2.08          Increase in Commitment.

           

          (a)          The Borrowers may, from
              time to time, increase the amount of the Aggregate Commitments by an aggregate amount not greater than $250,000,000 (any such increase, a “Commitment Increase”) by designating either one or more of the existing Lenders (each of which,
              in its sole discretion, may determine whether and to what degree to participate in such Commitment Increase) or one or more other banks or other financial institutions that at the time agree, in the case of any existing Lender to increase its
              Commitment (an “Increasing Lender”) and, in the case of any other bank or other financial institution (an “Additional Lender”), to become a party to this Agreement; provided that the Administrative Agent, each Issuing
              Lender and/or the Swingline Lender, as applicable, shall have consented (not to be unreasonably withheld or delayed) to any such Additional Lender’s providing any Commitment Increase to the extent any such consent would be required under Section

                9.09(b) for an assignment of Loans or Commitments to such Additional Lender.  The sum of the increases in the Commitments of the Increasing Lenders pursuant to this Section 2.08 plus the Commitments of the Additional Lenders
              upon giving effect to the Commitment Increase shall not in the aggregate exceed the amount of the Commitment Increase or be less than $5,000,000 or any integral multiple in excess thereof.  The Borrowers shall provide prompt notice of any
              proposed Commitment Increase pursuant to this Section 2.08 to the Administrative Agent, which shall promptly provide a copy of such notice to the Lenders.

           

          (b)         Any Commitment Increase shall become effective upon
              (i) the receipt by the Administrative Agent of (A) an agreement in form and substance reasonably satisfactory to the Administrative Agent signed by the Borrowers, each Increasing Lender and each Additional Lender, setting forth the new
              commitments and Commitment Percentage of each such Lender 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 binding upon each Lender, and (B)
              such evidence of appropriate corporate authorization on the part of the Borrowers with respect to the Commitment Increase and, if requested by the Administrative Agent, such opinions of counsel for the Borrowers with respect to the Commitment
              Increase, in each case, in form and substance satisfactory to the Administrative Agent, (ii) the funding by each Increasing Lender and Additional Lender of the Loan(s) to be made by each such Lender described in paragraph (c) below, (iii)
              receipt by the Administrative Agent of the reasonable and documented fees and expenses of the Administrative Agent and Lenders associated with such Commitment Increase, and (iv) receipt by the Administrative Agent of a certificate (the
              statements contained in which shall be true) of a duly authorized officer of each Borrower stating that both before and after giving effect to such Commitment Increase (X) no Event of Default has occurred and is continuing with respect to
              such Borrower, and (Y) all representations and warranties made by such Borrower in this Agreement are true and correct in all material respects (except for representations and warranties qualified by materiality or Material Adverse Effect,
              which shall be true and correct in all respects) as of the date of the Commitment Increase (except for any such representation and warranty that by its terms is made only as of an earlier date, which representation and warranty shall remain
              true and correct in all material respects (except for representations and warranties qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) as of such earlier date).

           

          
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          (c)         If any Revolving Loans
              are outstanding upon the effective date of any Commitment Increase, each Increasing Lender and each Additional Lender shall provide funds to the Administrative Agent in the manner described in Section 2.03(d) in an amount equal to the
              product of (i) the aggregate outstanding principal amount of such Revolving Loans, expressed as a percentage of the Aggregate Commitments (calculated, in each case, immediately after such Commitment Increase) and (ii) in the case of an
              Increasing Lender, such Increasing Lender’s Commitment Increase and, in the case of an Additional Lender, such Additional Lender’s Commitment.  The funds so provided by any such Lender shall be deemed to be a Revolving Loan or Revolving Loans
              made by such Lender on the date of such Commitment Increase, with such Revolving Loan(s) being in (A) in an amount equal to the product of (I) the aggregate outstanding principal amount of each Revolving Loan expressed as a percentage of the
              Aggregate Commitments (calculated, in each case, immediately prior to such Commitment Increase) and (II) in the case of an Increasing Lender, such Increasing Lender’s Commitment Increase and, in the case of an Additional Lender, such
              Additional Lender’s Commitment and (B) of the same Type(s) and having the same Interest Period(s) as each Revolving Loan described in the preceding clause (A), such that after giving effect to such Commitment Increase and the Revolving Loans
              made on the date of such Commitment Increase, each Revolving Loan outstanding hereunder shall consist of Revolving Loans made ratably by all of the Lenders (after giving effect to such Commitment Increase).  The applicable Borrowers shall pay
              to the Administrative Agent any amounts payable pursuant to Section 2.12(f) in connection with such Commitment Increase.

           

          (d)         If any Swingline Loans or L/C Obligations are
              outstanding upon the effective date of any Commitment Increase, each Increasing Lender and each Additional Lender shall purchase from the Lenders an undivided participating interest in such Swingline Loans and/or L/C Obligations in an amount
              such that each Lender’s participating interest in such Swingline Loans and/or L/C Obligations is equal to its Commitment Percentage multiplied by the aggregate amount of the Swingline Loans and/or L/C Obligations, as applicable, after giving
              effect to the Commitment Increase.

           

          (e)        Notwithstanding any provision contained herein to the
              contrary, from and after the date of any Commitment Increase and the making of any Loans on such date pursuant to Section 2.08(c), all calculations and payments of Facility Fees and of interest on the Loans comprising any Loan shall
              take into account the actual Commitment of each Lender (including the Additional Lender) and the principal amount outstanding of each Loan made by each such Lender during the relevant period of time.

           

          (f)          In connection with any
              increase in the Aggregate Commitments pursuant to this Section 2.08, the respective Sublimits and Maximum Sublimits of the Borrowers shall be increased by an equal aggregate amount as the Borrowers may direct by notice to the
              Administrative Agent, subject to the limitations set forth in Section 2.06.

           

          
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          SECTION 2.09          Evidence of Debt; Notes.

           

          (a)        Evidence of Debt.  The date, amount, type,
              interest rate and duration of Interest Period (if applicable) of each Loan made by each Lender to each Borrower, and each payment made on account of the principal thereof, shall be recorded by such Lender and by the Administrative Agent on
              its books; provided, that the failure of such Lender or the Administrative Agent to make any such recordation or endorsement shall not affect the obligations of any Borrower to make a payment when due
              of any amount owing hereunder or under any Note with respect of the Loans to be evidenced by such Note, and each such recordation or endorsement shall be conclusive and binding, absent manifest error.  In any legal action or proceeding in
              respect of this Agreement, the entries made in such account or accounts shall, in the absence of manifest error, be conclusive evidence of the existence and amounts of the Obligations of each Borrower therein recorded.  In the event of any
              conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of
              manifest error.

           

          (b)        Revolving Loan Notes.  The Revolving Loans made
              by the Lenders to each Borrower shall be evidenced, upon request by any Lender, by Revolving Loan Notes in a principal amount equal to the amount of such Lender’s Commitment Percentage multiplied by the Aggregate Commitments as originally in
              effect.

           

          (c)          Swingline Note.  The Swingline Loans made by
              the Swingline Lender to each Borrower shall be evidenced, upon request by the Swingline Lender, by a Swingline Note in a principal amount equal to the Swingline Commitment.

           

          SECTION 2.10          

            Interest Rates.

           

          (a)          Interest Rates.  Subject to the provisions of
              this Section, at the election of the applicable Borrower, (i) Loans (other than Swingline Loans) made to such Borrower shall bear interest at (A) the Base Rate plus the Applicable Base Rate Margin or (B) the LIBOR Rate plus the
              Applicable LIBOR Margin (provided that the LIBOR Rate shall not be available until three (3) Business Days after the Closing Date unless such Borrower has delivered to the Administrative Agent a letter
              in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Lenders in the manner set forth in Section 2.12(e) of this Agreement) and (ii) any Swingline Loan shall bear interest at either (X) the LIBOR
              Market Index Rate plus the Applicable LIBOR Margin or (Y) the Base Rate plus the Applicable Base Rate Margin.  The applicable Borrower shall select the Type and Interest Period, if applicable, for any Loan made to it at the
              time the applicable Notice of Borrowing is given or at the time the applicable Notice of Conversion/Continuation is given pursuant to Section 2.13.  Any Loan or any portion thereof as to which the applicable Borrower has not duly
              specified a Type as provided herein shall be deemed a Base Rate Loan.

           

          (b)          Interest Periods. 

              In connection with each LIBOR Rate Loan, the period commencing on the date of such LIBOR Rate Loan or the date of the Conversion of any Base Rate Loan into a LIBOR Rate  Loan and ending on the last day of the period selected by the applicable
              Borrower pursuant to the provisions below (“Interest Period”) and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period (or such other day as may be selected by such Borrower in
              accordance with the provisions hereof) and ending on the last day of the period selected by such Borrower pursuant to the provisions below.  The duration of each such Interest Period shall be one, three or six months (in each case subject to
              availability), as the applicable Borrower may select by notice to the Administrative Agent pursuant to Section 2.03(a)(i)(B); provided, however, that:

           

          
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          (i)           no Borrower may select any
              Interest Period with respect to any Revolving Loan that ends after the Termination Date, and in no event shall an Interest Period of any Revolving Loan extend beyond the Termination Date;

           

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

           

          (iii)        any Interest Period for a LIBOR
              Rate Loan which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the appropriate subsequent calendar month) shall end on the last Business Day of the appropriate
              subsequent calendar month; and

           

          (iv)          no more than eight (8) Interest
              Periods may be in effect for a Borrower at any time.

           

          (c)          Default Rate. 
              Subject to Section 7.02, immediately upon the occurrence and during the continuance of an Event of Default with respect to a Borrower, (i) such Borrower shall no longer have the option to request Loans or Letters of Credit, (ii) all
              outstanding LIBOR Rate Loans made to such Borrower shall bear interest at a rate per annum of two percent (2%) in excess of the rate (including the Applicable LIBOR Margin) then applicable to such LIBOR Rate Loans until the end of the
              applicable Interest Period and thereafter at a rate equal to two percent (2%) in excess of the rate (including the Applicable Base Rate Margin) then applicable to Base Rate Loans, and (iii) all outstanding Base Rate Loans made to such
              Borrower and other Obligations of such Borrower arising hereunder or under any other Loan Document shall bear interest at a rate per annum equal to two percent (2%) in excess of the rate (including the Applicable Base Rate Margin) then
              applicable to Base Rate Loans or such other Obligations arising hereunder or under any other Loan Document.  Interest shall continue to accrue on the Obligations of a Borrower after the filing by or against such Borrower of any petition
              seeking any relief in bankruptcy or under any act or law pertaining to insolvency or debtor relief, whether state, federal or foreign.

           

          (d)          Interest Payment and Computation.  (i) Interest on each Base Rate Loan and Swingline Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing September 30, 2021; and (ii)
              interest on each LIBOR Rate Loan shall be due and payable on the last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3) months, at the end of each three (3)-month interval during such Interest Period; provided, however, that accrued interest on any LIBOR Rate Loan shall be payable in arrears on the date the outstanding
              principal of such LIBOR Rate Loan is repaid or any date such LIBOR Rate Loan is Converted to a Base Rate Loan.  All computations of interest for Base Rate Loans when the Base Rate is determined by the Prime Rate shall be made on the basis of
              a year of 365 or 366 days, as the case may be, and actual days elapsed.  All other computations of fees and interest provided hereunder shall be made on the basis of a 360-day year
              and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).

           

          
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          (e)          Payments.  Each
              payment by the Borrowers on account of the principal of or interest on the Loans or of any fee, commission or other amounts (including any Reimbursement Obligation) payable to the Lenders under this Agreement (or any of them) shall be made
              not later than 1:00 p.m. (Charlotte, North Carolina time) on the date specified for payment under this Agreement to the Administrative Agent at the Administrative Agent’s Office for the account of the Lenders entitled to such payment in
              Dollars, in immediately available funds and shall be made without any set off, counterclaim or deduction whatsoever.  Any payment received after such time but before 2:00 p.m. on such day shall be deemed a payment on such date for the
              purposes of Section 7.01, but for all other purposes shall be deemed to have been made on the next succeeding Business Day.  Any payment received after 2:00 p.m. shall be deemed to have been made on the next succeeding Business Day
              for all purposes.  Upon receipt by the Administrative Agent of each such payment, the Administrative Agent shall distribute to each such Lender at its address for notices set forth herein its pro rata
              share of such payment based on its Commitment Percentage (or other applicable share as provided herein), and shall wire advice of the amount of such credit to each Lender.  Each payment to the Administrative Agent on account of the principal
              of or interest on a Swingline Loan or of any fee, commission or other amounts payable to the Swingline Lender shall be made in like manner, but for the account of the Swingline Lender.  Each payment to the Administrative Agent of the Issuing
              Lenders’ fees or L/C Participants’ commissions shall be made in like manner, but for the account of such Issuing Lender or the L/C Participants, as the case may be.  Each payment to the Administrative Agent of the Administrative Agent’s fees
              or expenses shall be made for the account of the Administrative Agent and any amount payable to any Lender under Sections 2.12(e), 2.14, 2.17, 9.05 or 9.07 shall be paid to the Administrative Agent for
              the account of the applicable Lender.  If any payment under this Agreement shall be specified to be made upon a day which is not a Business Day, it shall be made on the next succeeding day which is a Business Day and such extension of time
              shall in such case be included in computing any interest if payable along with such payment.

           

          (f)          Maximum Rate.  In no contingency or event
              whatsoever shall the aggregate amount of all amounts deemed interest hereunder or under any of the Notes charged or collected pursuant to the terms of this Agreement or pursuant to any of the Notes exceed the highest rate permissible under
              any Applicable Law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto.  In the event that such a court determines that the Lenders have charged or received interest hereunder in excess of the
              highest applicable rate, the rate in effect hereunder shall automatically be reduced to the maximum rate permitted by Applicable Law and the Lenders shall at the Administrative Agent’s option promptly refund to the applicable Borrower any
              interest received by the Lenders in excess of the maximum lawful rate or shall apply such excess to the principal balance of the Obligations.  It is the intent hereof that no Borrower pay or contract to pay, and that neither the
              Administrative Agent nor any Lender receive or contract to receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be paid by such Borrower under Applicable Law.

           

          
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          SECTION 2.11          Additional Interest on LIBOR Rate Loans.  The Borrowers shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve
              System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities and which are not required on the date of this Agreement, additional interest on the unpaid principal amount of each LIBOR
              Rate Loan of such Lender, from the date such LIBOR Rate Loan is made until such principal amount is paid in full, at the LIBOR Rate, payable on each date on which interest is payable on such LIBOR Rate Loan.  Such additional interest shall be
              determined by such Lender and notified to the applicable Borrower through the Administrative Agent and shall be conclusive, absent manifest error.

           

          SECTION 2.12          Interest Rate Determination; Changed Circumstances.

           

          (a)          Interest Rate Determination.  The
              Administrative Agent shall give prompt notice to the applicable Borrower and the Lenders of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.10.

           

          (b)         Automatic Conversion.  If any Borrower shall
              fail to (i) select the duration of any Interest Period for any LIBOR Rate Loans requested by such Borrower in accordance with the provisions of Section 2.10(b), (ii) provide a Notice of Conversion/Continuation with respect to any
              LIBOR Rate Loans made to such Borrower on or prior to 11:00 a.m., Charlotte, North Carolina time, on the third Business Day prior to the last day of the Interest Period applicable thereto, in the case of a Conversion to or in respect of LIBOR
              Rate Loans or (iii) satisfy the conditions set forth in Section 2.13 with respect to a Conversion, the Administrative Agent will forthwith so notify such Borrower and the Lenders and such LIBOR Rate Loans will automatically, on the
              last day of the then existing Interest Period therefor, Convert into Base Rate Loans.

           

          (c)        Circumstances Affecting LIBOR Rate Availability. 

              Subject to clause (e) below, in connection with any request for a LIBOR Rate Loan or a conversion to or continuation thereof or otherwise, if for any reason (i) the Administrative Agent shall determine (which determination shall be conclusive
              and binding absent manifest error) that Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Loan, (ii) the Administrative Agent shall determine (which
              determination shall be conclusive and binding absent manifest error) that reasonable and adequate means do not exist for the ascertaining the LIBOR Rate for such Interest Period with respect to a proposed LIBOR Rate Loan or (iii) the Required
              Lenders shall determine (which determination shall be conclusive and binding absent manifest error) that the LIBOR Rate does not adequately and fairly reflect the cost to such Lenders of making or maintaining such Loans during such Interest
              Period, then the Administrative Agent shall promptly give notice thereof to the Borrowers.  Thereafter, until the Administrative Agent notifies the Borrowers that such circumstances no longer exist, the obligation of the Lenders to make LIBOR
              Rate Loans and the right of the Borrowers to convert any Loan to or continue any Loan as a LIBOR Rate Loan shall be suspended, and the Borrowers shall either (A) repay in full (or cause to be repaid in full) the then outstanding principal
              amount of each such LIBOR Rate Loan together with accrued interest thereon, on the last day of the then current Interest Period applicable to such LIBOR Rate Loan; or (B) convert the then outstanding principal amount of each such LIBOR Rate
              Loan to a Base Rate Loan as of the last day of such Interest Period:

           

          
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          (i)           each LIBOR Rate Loan shall
              automatically Convert into a Base Rate Loan,

           

          (ii)          the obligation of the Lenders to
              make, or to Convert Base Rate Loans into, or to continue, LIBOR Rate Loans shall be suspended until the Administrative Agent (based on notice from the Required Lenders) shall notify the Borrowers and the Lenders that the circumstances causing
              such suspension no longer exist, and

           

          (iii)         the obligation of the Swingline
              Lender to make Swingline Loans bearing interest based on the LIBOR Market Index Rate shall be suspended until Administrative Agent (based on notice from the Required Lenders) shall notify the Borrowers and the Lenders that the circumstances
              causing such suspension no longer exist.

           

          (d)          Laws Affecting LIBOR Rate Availability.  If, after the date hereof, the introduction of, or any change in, any Applicable Law 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 of the Lenders (or any of their respective Lending Offices) with any request or directive (whether or not having the force of law) of any such Governmental
              Authority, central bank or comparable agency, shall make it unlawful or impossible for any of the Lenders (or any of their respective Lending Offices) to honor its obligations hereunder to make or maintain any LIBOR Rate Loan, such Lender
              shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give notice to the Borrowers and the other Lenders.  Thereafter, until the Administrative Agent notifies the Borrowers that such
              circumstances no longer exist, (i) the obligations of the Lenders to make LIBOR Rate Loans, and the right of the Borrowers to convert any Loan to a LIBOR Rate Loan or continue any Loan as a LIBOR Rate Loan shall be suspended and thereafter
              the Borrowers may select only Base Rate Loans and (ii) if any of the Lenders may not lawfully continue to maintain a LIBOR Rate Loan to the end of the then current Interest Period applicable thereto, the applicable Loan shall immediately be
              converted to a Base Rate Loan for the remainder of such Interest Period.

           

          (e)          Benchmark Replacement Setting.

           

          (i)         (A)          Benchmark

                Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document (and any Hedge Agreement shall be deemed not to be a “Loan Document” for purposes of this Section 2.12(e)), if a Benchmark Transition
              Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a
              Benchmark Replacement is determined in accordance with clause (a)(1) or (a)(2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder
              and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark
              Replacement is determined in accordance with clause (a)(3) or clause (c) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and
              under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of
              such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time,
              written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. If an Unadjusted Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis.

           

          
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          (B)       Notwithstanding

              anything to the contrary herein or in any other Loan Document, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then
              the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder or under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further
              action or consent of any other party to, this Agreement or any other Loan Document; provided that this clause (B) shall not be effective unless the Administrative Agent has delivered to the Lenders and the Borrowers a Term SOFR
              Notice.  For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term SOFR Notice after a Term SOFR Transition Event and may elect or not elect to do so in its sole discretion.

           

          (ii)          Benchmark Replacement
                Conforming Changes. In connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the
              contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan
              Document.

           

          (iii)          Notices; Standards for
                Decisions and Determinations. The Administrative Agent will promptly notify the Borrowers and the Lenders of (A) any occurrence of a Benchmark Transition Event, a Term SOFR Transition Event, an Early Opt-in Election or an Other
              Benchmark Rate Election, as applicable, and its related Benchmark Replacement Date, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark Replacement Conforming Changes, (D) the removal or reinstatement
              of any tenor of a Benchmark pursuant to Section 2.12(e)(iv) below and (E) the commencement or conclusion of any Benchmark Unavailability Period.  Any determination, decision or election that may be made by the Administrative Agent or,
              if applicable, any Lender (or group of Lenders) pursuant to this Section 2.12(e), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any
              decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other
              Loan Document, except, in each case, as expressly required pursuant to this Section 2.12(e).

           

          
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          (iv)         Unavailability

                of Tenor of Benchmark. Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term
              rate (including Term SOFR or LIBOR) and either (1) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable
              discretion or (2) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the
              Administrative Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (B) if a tenor that was removed pursuant to clause (A) above
              either (1) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (2) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a
              Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor.

           

          (v)          Benchmark Unavailability Period.
              Upon the Borrowers’ receipt of notice of the commencement of a Benchmark Unavailability Period, any Borrower may revoke any request for a borrowing of, conversion to or continuation of LIBOR Rate Loans to be made, converted or continued
              during any Benchmark Unavailability Period and, failing that, such Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans. During any Benchmark Unavailability Period or at
              any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the
              Base Rate.

           

          (vi)        London Interbank Offered Rate
                Benchmark Transition Event.  On March 5, 2021, the IBA, the administrator of the London interbank offered rate, and the FCA, the regulatory supervisor of the IBA, made the Announcements that the final publication or representativeness
              date for (I) 1-week and 2-month London interbank offered rate tenor settings will be December 31, 2021 and (II) overnight, 1-month, 3-month, 6-month and 12-month London interbank offered rate tenor settings will be June 30, 2023.  No
              successor administrator for the IBA was identified in such Announcements.  The parties hereto agree and acknowledge that the Announcements resulted in the occurrence of a Benchmark Transition Event with respect to the London interbank offered
              rate pursuant to the terms of this Agreement and that any obligation of the Administrative Agent to notify any parties of such Benchmark Transition Event pursuant to clause (iii) of this Section 2.12(e) shall be deemed satisfied.

           

          
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          (f)         Indemnity.  Each Borrower hereby indemnifies
              each of the Lenders against any loss or expense which may arise or be attributable to each Lender’s obtaining, liquidating or employing deposits or other funds acquired to effect, fund or maintain any Loan (i) as a consequence of any failure
              by such Borrower to make any payment when due of any amount due hereunder in connection with a LIBOR Rate Loan made to such Borrower, (ii) due to any failure of such Borrower to borrow, continue or Convert on a date specified therefor in a
              Notice of Borrowing or Notice of Conversion/Continuation delivered by such Borrower or (iii) due to any payment, prepayment or conversion of any LIBOR Rate Loan made to such Borrower on a date other than the last day of the Interest Period
              therefor.  The amount of such loss or expense shall be determined, in the applicable Lender’s reasonable discretion, based upon the assumption that such Lender funded its Commitment Percentage of the applicable LIBOR Rate Loans in the London
              interbank market and using any reasonable attribution or averaging methods which such Lender deems appropriate and practical.  A certificate of such Lender setting forth the basis for determining such amount or amounts necessary to compensate
              such Lender shall be forwarded to the applicable Borrower through the Administrative Agent and shall be conclusively presumed to be correct absent manifest error.  Without prejudice to the survival of any other agreement of any Borrower
              hereunder, the agreements and obligations of each Borrower, the Administrative Agent, the Lenders and the Issuing Lenders contained in this Section shall survive the payment in full of the Obligations and the termination of the Commitments.

           

          SECTION 2.13          Voluntary Conversion of Loans.  Each Borrower may on any Business Day, by delivering an irrevocable Notice of Conversion/Continuation (a “Notice of Conversion/Continuation”) in the form of Exhibit

                E hereto to the Administrative Agent not later than 11:00 a.m., Charlotte, North Carolina time, on the third Business Day prior to the date of the proposed Conversion, and subject to the provisions of Sections 2.10, 2.15
              and 4.03, Convert all Loans of one Type made simultaneously to such Borrower into Loans of the other Type; provided, that any Conversion of any LIBOR Rate Loans into Base Rate Loans shall be
              made on, and only on, the last day of an Interest Period for such LIBOR Rate Loans.

           

          SECTION 2.14          Increased Costs.

           

          (a)          Increased Costs Generally.  If any Change in
              Law shall:

           

          (i)          impose, modify or deem applicable
              any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or advances, loans or other credit extended or participated in by, any Lender (except any reserve
              requirement reflected in the LIBOR Rate) or Issuing Lender;

           

          (ii)          subject any Lender or Issuing
              Lender to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any LIBOR Rate Loan made by it, or change the basis of taxation of payments to such Lender or Issuing
              Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 2.17 and the imposition of, or any change in the rate of any Excluded Tax payable by such Lender or Issuing Lender); or

           

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

           

          and the result of the foregoing shall be in the aggregate to increase the cost to such Lender of making, converting into or maintaining any LIBOR Rate Loan (or of
            maintaining its obligation to make any such Loan), or to increase the cost to such Lender or such Issuing Lender of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue
            any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or such Issuing Lender hereunder (whether of principal, interest or any other amount) then, upon written request of such Lender or such Issuing
            Lender, the applicable Borrower shall promptly pay to any such Lender or such Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Lender, as the case may be, for such additional
            costs incurred or reduction suffered; provided that the Borrowers shall not be liable for such compensation unless such Lender or such Issuing Lender, as applicable, is generally charging such amounts to similarly situated borrowers under
            comparable syndicated credit facilities.  Without prejudice to the survival of any other agreement of any Borrower hereunder, the agreements and obligations of each Borrower, the Administrative Agent, the Lenders and the Issuing Lenders
            contained in this Section shall survive the payment in full of the Obligations and the termination of the Commitments.

           

          (b)          Capital Requirements.  If any Lender or
              Issuing Lender determines that any Change in Law affecting such Lender or Issuing Lender or any lending office of such Lender or such Lender’s or Issuing Lender’s holding company, if any, regarding capital or liquidity requirements has or
              would have the effect of reducing the rate of return on such Lender’s or Issuing Lender’s capital or on the capital of such Lender’s or Issuing Lender’s holding company, if any, as a consequence of this Agreement, the Commitment of such
              Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Lender, to a level below that which such Lender or Issuing Lender or such Lender’s or Issuing Lender’s
              holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Lender’s policies and the policies of such Lender’s or Issuing Lender’s holding company with respect to capital adequacy and
              liquidity), then from time to time upon written request of such Lender or such Issuing Lender the applicable Borrower shall promptly pay to such Lender or Issuing Lender, as the case may be, such additional amount or amounts as will
              compensate such Lender or Issuing Lender or such Lender’s or Issuing Lender holding company for any such reduction suffered.  Without prejudice to the survival of any other agreement of any Borrower hereunder, the agreements and obligations
              of each Borrower, the Administrative Agent, the Lenders and the Issuing Lenders contained in this Section shall survive the payment in full of the Obligations and the termination of the Commitments.

           

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

           

          
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          (d)          Delay in Requests.  Failure or delay on the
              part of any Lender or Issuing Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Lender’s right to demand such compensation; provided that
              no Borrower shall be required to compensate a Lender or Issuing Lender pursuant to this Section for any increased costs incurred or reductions suffered more than six (6) months prior to the date that such Lender or Issuing Lender, as the case
              may be, notifies such Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Lender’s intention to claim compensation therefor (except that if the Change in Law giving rise to such
              increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof).

           

          SECTION 2.15          Illegality.  Notwithstanding any other provision of this Agreement, if any Lender shall notify the Administrative Agent that the introduction of or any change in or in
              the interpretation of any law or regulation (in each case made after the date hereof) makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any Lender or its Lending Office to perform its
              obligations hereunder to make LIBOR Rate Loans, or to fund or maintain LIBOR Rate Loans hereunder, (a) the obligation of the Lenders to make, or to Convert Base Rate Loans into, LIBOR Rate Loans shall be suspended until the Administrative
              Agent (based on notice from the affected Lender) shall notify the Borrowers and the Lenders that the circumstances causing such suspension no longer exist, and (b) each Borrower shall pay (i) on the last day of the applicable Interest Period,
              or (ii) if the failure to prepay immediately would cause any Lender to be in violation of such law or regulation, immediately, in full all outstanding LIBOR Rate Loans made to such Borrower, together with interest accrued thereon and amounts
              payable pursuant to Section 2.12(e), unless, in either case, such Borrower, within five Business Days of notice from the Administrative Agent (or such shorter, maximum period of time, specified by the Administrative Agent, as may be
              legally allowable), Converts all outstanding LIBOR Rate Loans made to such Borrower into Base Rate Loans in accordance with Section 2.13.

           

          SECTION

              2.16          Nature of Obligations of Lenders Regarding Extensions of Credit; Pro Rata Treatment; Assumption by the Administrative Agent.

           

          (a)          The obligations of the
              Lenders under this Agreement to make the Loans and issue or participate in Letters of Credit are several and are not joint or joint and several.  Except to the extent otherwise provided herein, (i) each Revolving
              Loan shall be made from the Lenders, each payment of Facility Fees shall be made for the account of the Lenders, and each termination or reduction of the Aggregate Commitments shall be applied to the respective Commitments of the Lenders, pro rata according to the Commitment Percentage of each Lender, (ii) each payment or prepayment of principal of outstanding Revolving Loans by any Borrower shall be made for
              account of the Lenders pro rata in accordance with the respective unpaid principal amounts of such Loans held by them; and (iii) each payment of interest on outstanding
              Loans by any Borrower shall be made for the account of the Lenders pro rata according to the amounts of interest on such Loans then due and payable to the respective Lenders.

           

          
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          (b)          Unless the Administrative Agent shall have received
              notice from a Lender prior to a proposed borrowing date that such Lender will not make available to the Administrative Agent such Lender’s ratable portion of the amount to be borrowed on such date (which notice shall not release such Lender
              of its obligations hereunder), the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the proposed borrowing date in accordance with this Agreement and the Administrative Agent may,
              in reliance upon such assumption, make available to the applicable Borrower on such date a corresponding amount.  If such amount is made available to the Administrative Agent on a date after such borrowing date, such Lender shall pay to the
              Administrative Agent on demand an amount, until paid, equal to the product of (a) the amount not made available by such Lender in accordance with the terms hereof, times (b) the daily average Federal Funds Rate (or, if such amount is
              not made available for a period of three (3) Business Days after the borrowing date, the Base Rate) during such period as determined by the Administrative Agent, times (c) a fraction the numerator of which is the number of days that
              elapse from and including such borrowing date to the date on which such amount not made available by such Lender in accordance with the terms hereof shall have become immediately available to the Administrative Agent and the denominator of
              which is 360.  A certificate of the Administrative Agent with respect to any amounts owing under this Section 2.16 shall be conclusive, absent manifest error.  If such Lender’s Commitment Percentage of such borrowing is not made
              available to the Administrative Agent by such Lender within three (3) Business Days of such borrowing date, the Administrative Agent shall be entitled to recover such amount made available by the Administrative Agent with interest thereon at
              the rate per annum applicable to the Loan hereunder, on demand, from the applicable Borrower.  The failure of any Lender to make available its Commitment Percentage of any Loan requested by any Borrower shall not relieve it or any other
              Lender of its obligation, if any, hereunder to make its Commitment Percentage of such Loan available on such borrowing date, but no Lender shall be responsible for the failure of any other Lender to make its Commitment Percentage of such Loan
              available on the borrowing date.

           

          SECTION 2.17          Taxes; Foreign
                Lenders.

           

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

           

          
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          (b)          Payment of Other Taxes by the Borrowers. 
              Without limiting the provisions of paragraph (a) above, each Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with Applicable Law.

           

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

           

          (d)         Indemnification by
                the Lenders.  Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand thereof, for (i) any Indemnified Taxes or Other Taxes attributable to
              such Lender (but only to the extent that the applicable Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes and without limiting the obligation of such Borrower to do so), (ii) any taxes attributable to such Lender’s failure to comply with the provisions of Section 9.09 relating to the maintenance of a Participant Register, and (iii) any Excluded
              Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such taxes were
              correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error.

           

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

           

          (f)          Status of Lenders.

           

          (i)          Any Lender that is entitled to an
              exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the applicable Borrower and the Administrative Agent, at the time or times reasonably requested by the applicable Borrower
              or the Administrative Agent, such properly completed and executed documentation reasonably requested by the applicable Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of
              withholding.  In addition, any Lender, if reasonably requested by the applicable Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by the applicable Borrower or
              the Administrative Agent as will enable the applicable Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.  Notwithstanding anything to the
              contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.17(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in
              the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

           

          
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          (ii)          Without limiting the generality
              of the foregoing:

           

          (A)        Any
              Lender that is a U.S. Person shall deliver to the applicable Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable
              request of a Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from United States federal backup withholding tax;

           

          (B)        any
              Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrowers and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender
              becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of a Borrower or the Administrative Agent), whichever of the following is applicable:

           

          (1)          in the case of a Foreign Lender
              claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or
              reduction of, United States federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E establishing an
              exemption from, or reduction of, United States federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

           

          (2)          executed copies of IRS Form
              W-8ECI;

           

          (3)         in the case of a Foreign Lender
              claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit J-1 to the effect that
              such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the applicable Borrower within the meaning of Section 871(h)(3)(B)

              of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form
              W-8BEN or IRS Form W-8BEN-E; or

           

          
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          (4)          to the extent a Foreign Lender is
              not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit J-2 or Exhibit J-3, IRS Form W-9, and/or
              other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest
              exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit J-4 on behalf of each such direct and indirect partner;

           

          (C)        any Foreign Lender shall, to the
              extent it is legally entitled to do so, deliver to the applicable Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender
              under this Agreement (and from time to time thereafter upon the reasonable request of the applicable Borrower or the Administrative Agent), executed copies of any other form prescribed by Applicable Law as a basis for claiming exemption from
              or a reduction in United States federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by Applicable Law to permit the applicable Borrower or the Administrative Agent to determine the
              withholding or deduction required to be made; and

           

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

           

          Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall
            update such form or certification or promptly notify the applicable Borrower and the Administrative Agent in writing of its legal inability to do so.

           

          
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          (g)          Treatment of Certain Refunds.  If the
              Administrative Agent, a Lender or an Issuing Lender determines, in its reasonable discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by any Borrower or with respect to which any Borrower
              has paid additional amounts pursuant to this Section, it shall promptly after the receipt of such refund pay to such Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by
              such Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent, such Lender or such Issuing Lender, as the case may be, and without interest
              (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that such Borrower, upon the request of the Administrative Agent, such Lender or such
              Issuing Lender, agrees to repay the amount paid over to such Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or such Issuing Lender in the event
              the Administrative Agent, such Lender or such Issuing Lender is finally required to repay such refund to such Governmental Authority.  This paragraph shall not be construed to require the Administrative Agent, any Lender or any Issuing Lender
              to make available its tax returns (or any other information relating to its taxes which it deems confidential) to any Borrower or any other Person.

           

          (h)         Survival.  Without prejudice to the survival
              of any other agreement of any Borrower hereunder, the agreements and obligations of the Borrowers, the Administrative Agent, the Lenders and the Issuing Lenders contained in this Section shall survive the payment in full of the Obligations
              and the termination of the Aggregate Commitments.

           

          (i)         USA Patriot Act Notice; Compliance.  In order
              for the Administrative Agent to comply with the Patriot Act, prior to any Lender or Participant that is organized under the laws of a jurisdiction outside of the United States of America becoming a party hereto, the Administrative Agent may
              request, and such Lender or Participant shall provide to the Administrative Agent, its name, address, tax identification number and/or such other identification information as shall be necessary for the Administrative Agent to comply with
              federal law.

           

          (j)          Defined Terms.  For purposes of this Section 2.17, the term “Lender” includes any Issuing Lender and the term “Applicable Law” includes FATCA.

           

          SECTION 2.18          Extension of Stated Termination Date.

           

          (a)          The Borrowers may, by
              sending written request in substantially the form of Exhibit H (an “Extension Letter”) to the Administrative Agent (in which case the Administrative Agent shall promptly deliver a copy to each of the Lenders), no earlier than
              ninety (90) days and no later than twenty (20) days prior to any annual anniversary of the Closing Date (each an “Anniversary Date”), request that the Lenders extend the Stated Termination Date to the day that is one year after the
              then existing Stated Termination Date (each such request being referred to herein as an “Extension”); provided, that such Extension shall only take effect if Lenders holding more than 50% of the Aggregate Commitments as of the
              applicable Election Date advise the Administrative Agent as required herein of their agreement to participate in such Extension (the “Extension Condition”).  The Stated Termination Date may be extended pursuant to this Section 2.18
              on up to two occasions; provided that, in no event shall the Stated Termination Date extend beyond the five-year anniversary of the effective date of any Extension, with such effective date being the next Anniversary Date succeeding
              the date of the applicable Extension Letter.

           

          
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          (b)          Each Lender, acting in
              its sole discretion, shall, by notice to the Administrative Agent given no later than fifteen (15) days after the receipt of any applicable Extension Letter by the Administrative Agent (each an “Election Date”), advise the
              Administrative Agent in writing whether or not such Lender agrees to such Extension.  The election of any Lender to agree to any Extension shall not obligate any other Lender to so agree.  The failure of any Lender to respond to a request for
              an Extension prior to the applicable Election Date shall be deemed to be a decision by such Lender not to extend the Stated Termination Date.

           

          (c)          If the Extension
              Condition shall not have been satisfied as of the applicable Election Date, then the Aggregate Commitments shall terminate on the then existing Stated Termination Date (the Stated Termination Date in effect immediately after the receipt by
              the Administrative Agent of an Extension Letter but prior to the Extension so requested in such Extension Letter taking effect shall be referred to herein as the “Current Stated Termination Date”) and all Loans then outstanding
              (together with accrued interest thereon and any other amounts owing under the Loan Documents) shall be due and payable on the Current Stated Termination Date, subject to any additional requested Extension permitted pursuant to this Section

                2.18.

           

          (d)          If the Extension
              Condition shall have been satisfied as of any applicable Election Date, then the Borrowers shall notify the Administrative Agent within two (2) Business Days of such Election Date as to whether (i) the Extension will take effect as of such
              Election Date or (ii) despite satisfaction of the Extension Condition, such Extension will not take effect, in which case the Aggregate Commitments shall terminate on the Current Stated Termination Date and all Loans then outstanding
              (together with accrued interest thereon and any other amounts owing under the Loan Documents) shall be due and payable on the Current Stated Termination Date.  If the Borrowers fail to notify the Administrative Agent within two (2) Business
              Days as required by the immediately preceding sentence, then the Borrowers shall be deemed to have elected for such Extension to take effect as of the applicable Election Date.  If an Extension takes effect pursuant to either of the first two
              sentences of this Section 2.18(d), such Extension shall be deemed to have taken effect solely as to those Lenders (each, a “Consenting Lender”) that shall have agreed to the requested Extension on or prior to the
              applicable Election Date and, as to such Consenting Lenders, the Stated Termination Date shall be the date that is one year after the Current Stated Termination Date, subject to any additional Extension agreed upon pursuant to this Section

                2.18.  If an Extension becomes effective as to some and not all of the Lenders (each Lender who shall not have agreed to the Extension as of the Election Date, a “Non-Consenting Lender”), then:

           

          (i)        subject to clause (ii) of this Section

                2.18(d), the Commitment of each Non-Consenting Lender shall terminate on the Stated Termination Date in effect prior to such Extension taking effect, and all Loans and other amounts payable hereunder to such Non-Consenting Lender shall
              become due and payable on the Stated Termination Date in effect prior to such Extension taking effect and, on the Stated Termination Date in effect prior to such Extension taking effect, the Aggregate Commitments of the Lenders hereunder
              shall be reduced by the Commitments of the Non-Consenting Lenders so terminated on such Stated Termination Date;

           

          
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          (ii)          the
              Borrowers may, at their own expense, on or prior to the Stated Termination Date in effect prior to such Extension taking effect, require any Non-Consenting Lender to transfer and assign without recourse or representation (except as to title
              and the absence of Liens created by it) (in accordance with and subject to the restrictions contained in Section 9.09) all of such Non-Consenting Lender’s interests, rights and obligations under the Loan Documents (including with
              respect to any L/C Obligations) to one or more banks or other financial institutions (which may include any Lender) (each, an “Additional Commitment Lender”), provided, that (A) such Additional Commitment Lender, if not already a
              Lender hereunder, shall be subject to the approval of the Administrative Agent, the Swingline Lender and each Issuing Lender (in each case not to be unreasonably withheld or delayed), (B) such assignment shall become effective no later than
              the Stated Termination Date in effect prior to such Extension taking effect and (C) the Additional Commitment Lender shall pay to such Non-Consenting Lender in immediately available funds on the effective date of such assignment the principal
              of and interest accrued to the date of payment on the Loans made by such Non-Consenting Lender hereunder and all other amounts accrued for such Non-Consenting Lender’s account or owed to it hereunder; and

           

          (iii)          in all cases, each
              Non-Consenting Lender shall be required to maintain its original Commitment up to the Stated Termination Date in effect prior to such Extension taking effect.

           

          (e)          Notwithstanding the
              foregoing, no extension of the Stated Termination Date shall become effective unless, on the applicable Anniversary Date, the conditions set forth in Section 4.02 shall be satisfied and the Administrative Agent shall have received a
              certificate to that effect dated the applicable Anniversary Date and executed by the chief executive officer, chief financial officer or another authorized Responsible Officer of each Borrower.

           

          SECTION 2.19          [Reserved].

           

          SECTION 2.20          [Reserved].

           

          SECTION 2.21          Mitigation Obligations; Replacement of Lenders.

           

          (a)          Designation of a Different Applicable Lending
                Office.  If any Lender requests compensation under Section 2.14, or requires any Borrower to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17,
              then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the
              judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.14 or Section 2.17, as the case may be, in the future and (ii) would not subject such Lender to any
              unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender.  Each Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

           

          
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          (b)          Replacement of
                Lenders.  If any Lender requests compensation under Section 2.14, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17,
              or if any Lender is a Defaulting Lender or a Non-Consenting Lender hereunder, then the Borrowers may, at their sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate,
              without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 9.09, all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee
              that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment provided that such Lender is not a Defaulting Lender at the time of such assignment)); provided
              that:

           

          (i)          the Borrowers shall have paid to
              the Administrative Agent the assignment fee specified in Section 9.09;

           

          (ii)         such Lender shall have received
              payment of an amount equal to the outstanding principal of its Loans and participations in Letters of Credit, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including
              any amounts under Section 2.12(e) as if such assignment was a payment) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts);

           

          (iii)         in the case of any such
              assignment resulting from a claim for compensation under Section 2.14 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments thereafter; and

           

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

           

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

           

          ARTICLE III

            L/C FACILITY

           

          SECTION 3.01          Letters of Credit.

           

          (a)        Subject to the terms and
              conditions of this Agreement, each Issuing Lender, in reliance on the agreements of the other Lenders set forth in Section 3.04(a), agrees to issue letters of credit (“Letters of Credit”) for

              the account of any Borrower or, at the request of any Borrower, any of its Subsidiaries on any Business Day from the Closing Date to, but not including, the date that is five (5) Business Days prior to the Termination Date in such form as may
              be approved from time to time by the applicable Issuing Lender; provided, that the no Issuing Lender shall have an obligation to issue any Letter of Credit if, after giving effect to the issuance of
              such Letter of Credit, the aggregate amount of L/C Obligations in respect of Letters of Credit issued by such Issuing Lender shall exceed such Issuing Lender’s L/C Commitment (unless otherwise expressly agreed by such Issuing Lender in its
              sole discretion); provided further that no Issuing Lender shall issue any Letter of Credit if, after giving effect to the issuance of such Letter of Credit, (i) the
              aggregate amount of L/C Obligations shall exceed the L/C Sublimit, (ii) the aggregate outstanding Revolving Credit Exposure shall exceed the Aggregate Commitments, or (iii) the Extensions of Credit made to any
              Borrower shall exceed its Sublimit.  The Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to, and governed by, the terms and conditions hereof.

           

        

        
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      (b)          Each Letter of Credit shall (i) be denominated in
          Dollars in a minimum amount of $100,000 or such smaller amounts as may be agreed to by the applicable Borrower and the applicable Issuing Lender, (ii) be a letter of credit issued to support obligations of the applicable Borrower or any of its
          Subsidiaries, contingent or otherwise, incurred in the ordinary course of business, (iii) (A) expire on a date not later than five (5) Business Days prior to the Termination Date, (B) have a term not exceeding one year (subject to automatic
          renewal for additional one (1) year periods pursuant to the terms of the Application or other documentation acceptable to the applicable Issuing Lender (but not to a date later than the date set forth in the preceding subclause (A)), (C) and
          otherwise be reasonably satisfactory to the applicable Issuing Lender, and (iv) be subject to the Uniform Customs and/or ISP 98, as set forth in the Application or as determined by the applicable Issuing Lender and, to the extent not inconsistent
          therewith, the laws of the State of New York.  The Issuing Lenders shall not at any time be obligated to issue any Letter of Credit hereunder if such issuance would conflict with, or cause such Issuing Lender or any L/C Participant to exceed any
          limits imposed by, any Applicable Law.  References herein to “issue” and derivations thereof with respect to Letters of Credit shall also include extensions or modifications thereof, unless the context otherwise requires.

       

      SECTION 3.02         Procedure for Issuance of Letters of Credit.  Each Borrower may from time to time request that an Issuing Lender issue a Letter of Credit by delivering to the applicable Issuing
          Lender at the Administrative Agent’s Office an Application therefor, completed to the reasonable satisfaction of such Issuing Lender, and such other certificates, documents and other papers and information as such Issuing Lender may reasonably
          request.  Upon receipt of any Application, the applicable Issuing Lender shall process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary
          procedures and shall, subject to Section 3.01 and Article IV, promptly issue the Letter of Credit requested thereby (but in
          no event shall such Issuing Lender be required to issue any Letter of Credit earlier than two (2) Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating
          thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by such Issuing Lender and the applicable Borrower.  The applicable Issuing Lender shall promptly furnish to the applicable
          Borrower and the Administrative Agent a copy of such Letter of Credit and the Administrative Agent shall promptly notify each Lender of the issuance and upon request by any Lender, furnish to such Lender a copy of such Letter of Credit and the
          amount of such Lender’s L/C Participation therein.

       

      
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      SECTION 3.03          Commissions and Other Charges.

       

      (a)         Each Borrower shall pay to the Administrative Agent,
          for the account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit issued for its account (or requested by such Borrower for the account of a Subsidiary thereof) in an
          amount equal to the product of (i) the average daily maximum amount available to be drawn during the relevant quarter under such Letter of Credit and (ii) the Applicable Letter of Credit Fee Margin (determined on a per annum basis).  Such
          commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the later of the Termination Date and the date on which no L/C Obligations are outstanding, commencing on the last Business Day of the
          calendar quarter in which such Letter of Credit is issued.  The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.03(a) in accordance with their respective Commitment Percentages.

       

      (b)         In addition to the foregoing commission, each
          Borrower shall pay to the Administrative Agent, for the account of the applicable Issuing Lender, a fronting fee with respect to each Letter of Credit issued by such Issuing Lender for the account of such Borrower or requested by such Borrower
          for the account of a Subsidiary thereof) in the amount and calculated in the manner set forth in the applicable fee letter between such Borrower and such Issuing Lender (the “Fronting Fee”). 

          Such Fronting Fee shall be payable in arrears on the last Business Day of each calendar quarter and on later of the Termination Date and the date on which no L/C Obligations are outstanding.

       

      (c)          In addition to the foregoing fees and commissions,
          each Borrower shall pay or reimburse the Issuing Lenders for such normal and customary costs and expenses as are incurred or charged by the Issuing Lenders in issuing, effecting payment under, transferring, amending or otherwise administering any
          Letter of Credit issued for the account of such Borrower (or requested by such Borrower for the account of a Subsidiary thereof).

       

      SECTION 3.04          L/C Participations.

       

      (a)          Each Issuing Lender irrevocably agrees to grant and
          hereby grants to each L/C Participant, and, to induce such Issuing Lender to issue Letters of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from such Issuing Lender, on the terms
          and conditions hereinafter stated, for such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s Commitment Percentage in such Issuing Lender’s obligations and rights under and in respect of each Letter of
          Credit issued (or deemed issued) hereunder and the amount of each draft paid by such Issuing Lender thereunder.  Each L/C Participant unconditionally and irrevocably agrees that, if a draft is paid under any Letter of Credit for which an Issuing
          Lender is not reimbursed in full by the applicable Borrower through a Revolving Loan or otherwise in accordance with the terms of this Agreement, such L/C Participant shall pay to the Administrative Agent, for the account of such Issuing Lender,
          upon demand at the Administrative Agent’s Office an amount equal to such L/C Participant’s Commitment Percentage multiplied by the amount of such draft, or any part thereof, which is not so reimbursed.

       

      
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      (b)        Upon becoming aware of any amount required to be paid
          by any L/C Participant to an Issuing Lender pursuant to Section 3.04(a) in respect of any unreimbursed portion of any payment made by such Issuing Lender under any Letter of Credit, the
          Issuing Lender shall notify the Administrative Agent of such unreimbursed amount and the Administrative Agent shall notify each L/C Participant (with a copy to the applicable Issuing Lender) of the amount and due date of such required payment and
          such L/C Participant shall pay to the Administrative Agent (which, in turn shall pay such Issuing Lender) the amount specified on the applicable due date.  If any such amount is paid to the Issuing Lender after the date such payment is due, such
          L/C Participant shall pay to the Issuing Lender on demand, in addition to such amount, the product of (i) such amount, times (ii) the daily average Federal Funds Rate (or Base Rate, if
          such amount is not paid within three Business Days of demand) as determined by the Administrative Agent during the period from and including the date such payment is due to the date on which such payment is immediately available to the Issuing
          Lender, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360.  A certificate of such Issuing Lender
          with respect to any amounts owing under this Section 3.04(b) shall be conclusive in the absence of manifest error.  With respect to payment to any Issuing Lender of the unreimbursed
          amounts described in this Section 3.04(b), if the L/C Participants receive notice that any such payment is due (A) prior to 1:00 p.m. (Charlotte, North Carolina time) on any Business
          Day, such payment shall be due that Business Day, and (B) after 1:00 p.m. (Charlotte, North Carolina time) on any Business Day, such payment shall be due on the following Business Day.

       

      (c)         Whenever, at any time after an Issuing Lender has
          made payment under any Letter of Credit and has received from any L/C Participant its Commitment Percentage of such payment in accordance with this Section 3.04, such Issuing Lender
          receives any payment related to such Letter of Credit (whether directly from the applicable Borrower or otherwise) including, without limitation, payments made pursuant to Section 3.03,
          or any payment of interest on account thereof, the Issuing Lender will distribute to such L/C Participant its pro rata share thereof; provided, that in the event that any such payment received by the Issuing Lender shall be required to be returned by the Issuing Lender, such L/C Participant shall return to the Issuing Lender the portion
          thereof previously distributed by the Issuing Lender to it.

       

      SECTION 3.05          Reimbursement Obligation of the Borrowers.

       

      (a)          Letters

              of Credit.

       

      (i)         In the event of any drawing under
          any Letter of Credit, the applicable Borrower agrees to reimburse (either with the proceeds of a Revolving Loan as provided for in this Section 3.05(a) or with funds from other
          sources), in same day funds, the applicable Issuing Lender on each date on which the Issuing Lender notifies such Borrower (or if such notice is received by such Borrower after 1:00 p.m. Charlotte, North Carolina time, on the next succeeding
          Business Day) of the date and amount of a draft paid under any such Letter of Credit for the amount of (A) such draft so paid and (B) any amounts referred to in Section 3.03(c) incurred
          by such Issuing Lender in connection with such payment.

       

      
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      (ii)        Unless the applicable Borrower
          shall immediately notify the applicable Issuing Lender that such Borrower intends to reimburse such Issuing Lender for any such drawing under any Letter of Credit from other sources or funds, such Borrower shall be deemed to have timely given a
          Notice of Borrowing to the Administrative Agent requesting that the Lenders make a Revolving Loan bearing interest at the Base Rate plus the Applicable Base Rate Margin on such date in
          the amount of (A) such draft so paid and (B) any amounts referred to in Section 3.03(c) incurred by the Issuing Lender in connection with such payment, and the Lenders shall make a
          Revolving Loan bearing interest at the Base Rate plus the Applicable Base Rate Margin in such amount, and, notwithstanding anything in this Agreement to the contrary, the proceeds of
          which shall be applied to reimburse the Issuing Lender for the amount of the related drawing and costs and expenses.  If the applicable Borrower has elected to pay the amount of any such drawing from other sources or funds and shall fail to
          reimburse the Issuing Lender as provided in this Section 3.05(a), the unreimbursed amount of such drawing shall bear interest at the rate which would be payable on any outstanding Base
          Rate Loans which were then overdue from the date such amounts become payable (whether at stated maturity, by acceleration or otherwise) until payment in full.

       

      (b)          [Reserved].

       

      (c)         Each Lender acknowledges and agrees that its
          obligation to fund a Revolving Loan in accordance with this Section 3.05 and to reimburse the Issuing Lenders for any draft paid under a Letter of Credit is absolute and unconditional
          and shall not be affected by any circumstance whatsoever, including, without limitation, the existence of a Default or an Event of Default.

       

      SECTION 3.06      Obligations Absolute.  Each Borrower’s obligations under this Article III (including, without limitation, the Obligations) shall be
          absolute and unconditional under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment which such Borrower may have or have had against any Issuing Lender or any beneficiary of a Letter of Credit or any
          other Person.  Each Borrower also agrees that the Issuing Lenders and the L/C Participants shall not be responsible for, and such Borrower’s reimbursement obligation under Section 3.05
          shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any statement therein being untrue or
          inaccurate in any respect, or any dispute between or among such Borrower and any beneficiary of any Letter of Credit issued for its account or any other party to which such Letter of Credit may be transferred or any claims whatsoever of such
          Borrower against any beneficiary of such Letter of Credit or any such transferee, any lack of validity or enforceability of such Letter of Credit, this Agreement or any other Loan Document, or waiver by any Issuing Lender of any requirement that
          exists for the Issuing Lender’s protection that does not materially prejudice such Borrower.  The Issuing Lenders shall not be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice,
          however transmitted, in connection with any Letter of Credit, except for errors or omissions caused by the applicable Issuing Lender’s gross negligence or willful misconduct.  Each Borrower agrees that any action taken or omitted by any Issuing
          Lender under or in connection with any Letter of Credit issued for its account or the related drafts or documents, if done in the absence of gross negligence or willful misconduct and in accordance with the standards of care specified in ISP 98
          or the Uniform Customs, as the case may be, and, to the extent not inconsistent therewith, the UCC, shall be binding on such Borrower and shall not result in any liability of any Issuing Lender or Lenders.

       

      
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      SECTION 3.07          Defaulting Lenders.

       

      (a)          Defaulting

              Lender Adjustments.  Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by
          applicable law:

       

      (i)          Waivers and Amendments.  Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Required
          Lenders.

       

      (ii)       Defaulting Lender Waterfall.  Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity,
          pursuant to Article VII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 9.04
          shall be applied at such time or times as may be determined by the Administrative Agent as follows:  first, to the payment of any amounts owing by such Defaulting Lender to
          the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Lenders or Swingline Lender
          hereunder; third, to Cash Collateralize the Issuing Lenders’ Fronting Exposure with respect to such Defaulting Lender in accordance with Section 3.08; fourth, as any Borrower may request (so long as no Default or Event of Default exists with respect to such Borrower), to the
          funding of any Loan for such Borrower in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrowers, to be held in a deposit account and released pro rata in order to (a) satisfy such Defaulting Lender’s potential future funding obligations with
          respect to Loans under this Agreement and (b) Cash Collateralize the Issuing Lenders’ future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 3.08; sixth, to the payment of any amounts owing to the Lenders, the Issuing Lenders or Swingline Lender as
          a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Lenders or Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists with respect to such Borrower, to the payment of any amounts owing to any Borrower as a result of any judgment of a
          court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (a) such payment is a payment of the
          principal amount of any Loans or participations in L/C Obligations in respect of which such Defaulting Lender has not fully funded its appropriate share, and (b) such Loans were made or the related Letters of Credit were issued at a time when the
          conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and participations in L/C Obligations owed to, all
          Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or participations in L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C
          Obligations and Swingline Loans are held by the Lenders pro rata in accordance with the Aggregate Commitments without giving effect to Section 3.07(a)(iv).  Any payments, prepayments or
          other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 3.07(a)(ii)
          shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

       

      
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      (iii)        Certain Fees

       

      (A)          Each Defaulting Lender shall be
          entitled to receive the fees set forth in Section 3.03 for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Commitment Percentage of the
          stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 3.08.

       

      (B)        With respect to any fee not
          required to be paid to any Defaulting Lender pursuant to clause (A) above, each Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable by such Borrower to such Defaulting Lender with respect to such
          Defaulting Lender’s participation in L/C Obligations or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the Issuing Lenders and Swingline Lender, as applicable, the amount of any
          such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Lender’s or Swingline Lender’s Fronting Exposure with respect to such Borrower arising from such Defaulting Lender, and (z) not be required to pay the
          remaining amount of any such fee.

       

      (iv)        Reallocation of Participations to Reduce Fronting Exposure.  All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the
          Non-Defaulting Lenders in accordance with their respective Commitment Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Credit
          Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment.  No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that
          Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

       

      (v)         Cash Collateral, Repayment of Swingline Loans.  If the reallocation described in clause (iv) above cannot, or can only partially, be effected, each Borrower shall, without prejudice to any right or remedy available to
          it hereunder or under law, (x) first, prepay the outstanding principal balance of any Swingline Loans made to such Borrower and (y) second, Cash Collateralize the Issuing Lenders’ Fronting Exposure with respect to such Borrower in accordance with
          the procedures set forth in Section 3.08.

       

      
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      (b)        Defaulting

              Lender Cure.  If the Borrowers, the Administrative Agent, the Swingline Lender and each Issuing Lender agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto,
          whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that
          portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held
          pro rata by the Lenders in accordance with the Aggregate Commitments (without giving effect to Section 3.07(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of any Borrower while that Lender was a Defaulting Lender;
          and provided, further, that except to the extent otherwise expressly agreed by the affected
          parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

       

      (c)         New

              Swingline Loans/Letters of Credit.  So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving
          effect to such Swingline Loan and (ii) each Issuing Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

       

      (d)          Termination

              of Defaulting Lender.  The Borrowers may terminate the unused amount of the Commitment of any Lender that is a Defaulting Lender upon not less than five (5) Business Days’ prior notice to the Administrative Agent (which shall
          promptly notify the Lenders thereof), and in such event the provisions of Section 3.07(a)(ii) will apply to all amounts thereafter paid by any Borrower for the account of such
          Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided that (i) no Event of Default shall have
          occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim any Borrower, the Administrative Agent, any Issuing Lender, the Swingline Lender or any Lender may have against such Defaulting
          Lender.

       

      SECTION 3.08          Cash Collateral.

       

      (a)         Subject to Sections 3.07(a)(iv) and (v) hereof, at any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the
          Administrative Agent or any Issuing Lender (with a copy to the Administrative Agent) each Borrower shall Cash Collateralize the Issuing Lenders’ Fronting Exposure with respect to such Defaulting Lender in respect of Letters of Credit issued for
          the account of such Borrower (determined after giving effect to Section 3.07(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum
          Collateral Amount.

       

      
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      (i)          Grant of Security Interest.  Each Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to the Administrative Agent, for the benefit of the Issuing Lenders, and agrees to
          maintain, a first priority security interest in all such Cash Collateral as security for the Defaulting Lenders’ obligation to fund participations in respect of L/C
          Obligations, to be applied pursuant to clause (ii) below.  If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent and the Issuing Lenders as
          herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, each Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash
          Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lender).

       

      (ii)        Application.  Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under this Section 3.08 or Section 3.07 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in respect of L/C Obligations (including, as to
          Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein.

       

      (iii)        Termination of Requirement.  Cash Collateral (or the appropriate portion thereof) provided to reduce the Issuing Lenders’ Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to
          this Section 3.08 following (A) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (B) the
          determination by the Administrative Agent and each applicable Issuing Lender that there exists excess Cash Collateral; provided that, subject to Section 3.07 the Person providing Cash Collateral and the Issuing Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations.

       

      SECTION 3.09          Letters of Credit Issued for Subsidiaries.  Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of,
          a Subsidiary, or states that a Subsidiary is the “account party,” “applicant,” “customer,” “instructing party,” or the like of or for such Letter of Credit, and without derogating from any rights of the applicable Issuing Lender (whether arising
          by contract, at law, in equity or otherwise) against such Subsidiary in respect of such Letter of Credit, the applicable Borrower (a) shall be obligated to reimburse, or to cause the applicable Subsidiary to reimburse, the applicable Issuing
          Lender hereunder for any and all drawings under such Letter of Credit as if such Letter of Credit had been issued solely for the account of such Borrower and (b) irrevocably waives any and all defenses that might otherwise be available to it as a
          guarantor or surety of any or all of the obligations of such Subsidiary in respect of such Letter of Credit.  Each Borrower hereby acknowledges that the issuance of Letters of Credit at its request for the account of any of its Subsidiaries
          inures to the benefit of such Borrower and that such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

       

      
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      ARTICLE IV

        CONDITIONS PRECEDENT

       

      SECTION 4.01          Conditions Precedent to the Execution and Delivery of this Agreement.

       

      The obligation of the Lenders to execute and deliver this Agreement and to issue Letters of Credit and to make Loans on the Closing Date is subject
        to the conditions precedent that the Administrative Agent shall have received on or before the Closing Date, the following, each dated such date, in form and substance reasonably satisfactory to the Administrative Agent:

       

      (a)          Agreement. 
          Receipt by the Administrative Agent of counterparts of this Agreement, duly executed by each Borrower, the Administrative Agent, the Issuing Lenders and the Lenders;

       

      (b)         Secretary’s

              Certificate.  Receipt by the Administrative Agent of (i) a certificate of the secretary or assistant secretary of each Borrower, as applicable, dated the Closing Date and certifying (A) that attached thereto is a true and complete
          copy of the certificate of incorporation and all amendments thereto of such Borrower, certified as of a recent date by the appropriate Governmental Authority in its jurisdiction of organization, (B) that attached thereto is a true and complete
          copy of the by-laws of such Borrower in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (C) below, (C) that attached thereto is a true and complete copy of resolutions or consents,
          as applicable, duly adopted by the board of directors of such Borrower authorizing, as applicable, the execution, delivery and performance of this Agreement and that such resolutions have not been modified, rescinded or amended and are in full
          force and effect, (D) that the organizational documents of such Borrower have not been amended since the date of the last amendment thereto shown on the certificate of good standing attached thereto, (E) as to the incumbency and specimen
          signature of each officer of such Borrower executing this Agreement and any other document delivered in connection herewith on its behalf and (F) that attached thereto is a true and complete copy of all Governmental Actions, if any, required in
          connection with the execution, delivery and performance of this Agreement and the other Loan Documents; and (ii) a certificate of another officer as to the incumbency and specimen signature of such secretary or assistant secretary
          executing the certificate pursuant to (A) above;

       

      (c)          Officer’s

              Certificate.  Receipt by the Administrative Agent of a certificate from each Borrower, executed on its behalf by the chief executive officer or chief financial officer of such Borrower, as applicable, in form reasonably
          satisfactory to the Administrative Agent, to the effect that, as of the Closing Date, all representations and warranties of such Borrower contained in this Agreement and the other Loan Documents are true and correct in all material respects
          (except for representations and warranties qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects); that, after giving effect to the transactions contemplated by this Agreement, no Default or Event of
          Default has occurred and is continuing; and that such Borrower has satisfied each of the conditions precedent set forth in this Section 4.01 (assuming satisfaction of the Administrative
          Agent or Arrangers, as applicable, where not advised otherwise);

       

      
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      (d)          Financial

              Statements.  Receipt by the Administrative Agent of the Disclosure Documents and the financial statements described in Section 5.01(f);

       

      (e)         Good

              Standing Certificate.  Receipt by the Administrative Agent of a certificate of good standing for each  Borrower, dated on or as of a date reasonably prior to the Closing Date, from the Secretary of State of the State of New Jersey;

       

      (f)           Fees. 

          Receipt by the Administrative Agent and the Lenders of the fees set forth or referenced in this Agreement and the Fee Letters, and any other accrued and unpaid fees, expenses or commissions due hereunder (including, without limitation, legal fees
          and expenses of counsel to the Administrative Agent to the extent invoiced at least two Business Days prior to the Closing Date), and to any other Person such amount as may be due thereto in connection with the transactions contemplated hereby,
          including all taxes, fees and other charges related to the Loan Documents, in each case which are invoiced on or prior to the Closing Date;

       

      (g)          Note. 

          If requested by any Lender, a Note, payable to the order of such Lender, duly completed and executed by each Borrower;

       

      (h)          Opinion.  Opinion of Cozen O’Connor, counsel to the Borrowers, as to such matters as the Administrative Agent and the Lenders may reasonably request, addressed to the Administrative Agent and the Lenders, in form and
          substance reasonably satisfactory to the Administrative Agent;

       

      (i)          Existing Credit Facilities.  Receipt by the Administrative Agent of confirmation acceptable to the Administrative Agent that all Indebtedness under each Existing Credit Facility (except for the Existing Letters of
          Credit), has been, or will be simultaneously, terminated and indefeasibly paid in full;

       

      (j)           Material

              Adverse Effect.  Since December 31, 2020, there has been no Material Adverse Effect;

       

      (k)          PATRIOT

              Act, etc.

       

      (i)         The Administrative Agent and the
          Lenders shall have received, at least five (5) Business Days prior to the Closing Date (to the extent requested at least ten (10) Business Days prior to the Closing Date), all documentation and other information requested by the Administrative
          Agent or any Lender or required by regulatory authorities in order for the Administrative Agent and the Lenders to comply with requirements of any Anti-Money Laundering Laws, including the PATRIOT Act and any applicable “know your customer” rules
          and regulations.

       

      (ii)        Each Borrower that qualifies as a
          “legal entity customer” under the Beneficial Ownership Regulation shall have delivered to the Administrative Agent, and directly to any Lender requesting the same, a Beneficial Ownership Certification in relation to it, in each case at least five
          (5) Business Days prior to the Closing Date (to the extent requested at least ten (10) Business Days prior to the Closing Date).

       

      
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      (l)          Other. 

          Receipt by the Administrative Agent of all other certificates and instruments in connection with the transactions contemplated by this Agreement reasonably requested by the Administrative Agent.

       

      SECTION 4.02          Additional Conditions Precedent.

       

      The obligation of the Lenders and the Issuing Lenders to (i) make Loans and issue Letters of Credit (or increase the stated amount of any Letter of
        Credit), including, without limitation, the making of any Loans, the incurring of any L/C Obligations or the issuance of any Letters of Credit on the Closing Date, or (ii) extend the Stated Termination Date, shall be subject to the further
        conditions precedent that on the date of such Loan, issuance, increase, or Extension of the Stated Termination Date, as the case may be:

       

      (a)         The Administrative Agent shall have received a
          Notice of Borrowing, Application or Extension Letter, as the case may be, signed by duly authorized officer of the applicable Borrower, dated such date, stating that:

       

      (i)          The representations and
          warranties of the applicable Borrower contained in Section 5.01 (other than, for any date after the Closing Date, the representations and warranties set forth in clauses (e) and (f)
          thereof) of this Agreement are true and correct in all material respects (except for representations and warranties qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) on and as of the date of the
          issuance of such Letter of Credit or the making of such Loan or Extension of the Stated Termination Date, as applicable, as though made, issued or extended, as applicable, on and as of such date (except for any such representation and warranty
          that by its terms is made only as of an earlier date, which representation and warranty shall remain true and correct in all material respects (except for representations and warranties qualified by materiality or Material Adverse Effect, which
          shall be true and correct in all respects) as of such earlier date), both before and after giving effect to such Loan, issuance of such Letter of Credit, or Extension of the Stated Termination Date, as applicable, and to the application of the
          proceeds thereof; and

       

      (ii)        No event has occurred and is
          continuing, or would result from the making of such Loan, the issuance of such Letter of Credit, or Extension of the Stated Termination Date, as applicable, or the application of the proceeds thereof, as the case may be, which constitutes a
          Default or an Event of Default with respect to the applicable Borrower.

       

      (b)         Receipt by the Administrative Agent of a Notice of
          Account Designation from the applicable Borrower specifying the account or accounts to which the proceeds of any Loans that are made to such Borrower under this Agreement are to be disbursed.

       

      Unless the applicable Borrower shall have previously advised the Administrative Agent in writing that one or more of the statements contained in clauses

          (a)(i) and (a)(ii) above are not true and correct, such Borrower shall be deemed to have represented and warranted that, on the date of such Loan, issuance of the Letter of Credit or Extension of the Stated Termination Date, as
        applicable, the above statements are true.

       

      
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      SECTION 4.03          [Reserved].

       

      SECTION 4.04       Reliance on Certificates.  Each of the Lenders, the Issuing Lenders and the Administrative Agent shall be entitled to rely conclusively upon the certificates delivered from time to time by officers
          of the Borrowers as to the names, incumbency, authority and signatures of the respective Persons named therein until such time as the Administrative Agent may receive a replacement certificate, in form reasonably acceptable to the Administrative
          Agent, from an officer of a Borrower identified to the Administrative Agent as having authority to deliver such certificate, setting forth the names and true signatures of the officers and other representatives of such Borrower thereafter
          authorized to act on its behalf.

       

      ARTICLE V

        REPRESENTATIONS AND WARRANTIES

       

      SECTION 5.01          Representations and Warranties of the Borrowers.  Each Borrower, severally and not jointly, hereby represents and warrants as follows:

       

      (a)          Such Borrower and each of its Subsidiaries is (i)
          an entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, as applicable and (ii) duly qualified to do business in, and is in good standing in, all other jurisdictions
          where the nature of its business or the nature of property owned or used by it makes such qualification necessary, except in the case of this clause (ii) where such failure would not result in a Material Adverse Effect.  Such Borrower and each of
          its Subsidiaries has all requisite corporate (or other applicable) powers and authority to own or lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted.

       

      (b)        The execution, delivery and performance by such
          Borrower of this Agreement and  each other Loan Document to which it is a party are within such Borrower’s corporate powers, have been duly authorized by all necessary corporate action, do not (i) violate such Borrower’s certificate of
          incorporation, (ii) violate any law, rule or regulation applicable to such Borrower or (iii) violate or constitute a default under any contractual or legal restriction binding on or affecting such Borrower, and will not result in or require the
          imposition of any lien or encumbrance on, or security interest in, any property (including, without limitation, accounts or contract rights) of such Borrower, except Permitted Liens.

       

      (c)          No Governmental Action is required for the
          execution or delivery by such Borrower of this Agreement or any other Loan Document to which it is a party or for the performance by such Borrower of its obligations under this Agreement or any other Loan Document to which it is a party other
          than those which have previously been duly obtained, are in full force and effect, are not subject to any pending or, to the knowledge of such Borrower, threatened (in writing) appeal or other proceeding seeking reconsideration and as to which
          all applicable periods of time for review, rehearing or appeal with respect thereto have expired.

       

      (d)        This Agreement and each Loan Document to which such
          Borrower is a party is a legal, valid and binding obligation of such Borrower, enforceable against such Borrower in accordance with its terms subject to the effect of bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium and
          other similar laws of general application affecting rights and remedies of creditors generally.

       

      
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      (e)        Except as disclosed in the Disclosure Documents,
          there is no pending or, to such Borrower’s knowledge, threatened (in writing) action or proceeding (including, without limitation, any proceeding relating to or arising out of Environmental Laws) affecting such Borrower or any of its Subsidiaries
          before any court, governmental agency or arbitrator that could reasonably be expected to result in a Material Adverse Effect.

       

      (f)          The audited consolidated balance sheet of each
          Borrower and its Subsidiaries, as of December 31, 2020, and the related consolidated statements of income, retained earnings and cash flows of each Borrower and its Subsidiaries for the fiscal year then ended, and the unaudited consolidated
          balance sheet of each Borrower and its Subsidiaries, as of June 30, 2021, and the related consolidated statements of income, retained earnings and cash flows of each Borrower and its Subsidiaries for the fiscal quarter then ended, copies of each
          of which have been furnished to the Administrative Agent and each Lender, fairly present (subject, in the case of such balance sheets and statements of income for the fiscal quarter ended June 30, 2021, to year-end adjustments) in all material
          respects the financial condition of each Borrower and its Subsidiaries as at such dates and the results of the operations of such Borrower and its Subsidiaries for the periods ended on such dates, all in accordance with GAAP consistently applied,
          subject to the absence of footnotes and to normal year-end audit adjustments.  Since December 31, 2020, there has been no event or circumstance, either individually or in the aggregate, that has had or would reasonably be expected to have a
          Material Adverse Effect.

       

      (g)          [Reserved].

       

      (h)          The issuance of, and the existence of, the Letters
          of Credit, the making of Loans and the other Extensions of Credit for the account of such Borrower and the use of the proceeds thereof will comply with all provisions of Applicable Law in all material respects.

       

      (i)           Neither such Borrower nor any Subsidiary of such
          Borrower is an “investment company” or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended.

       

      (j)           [Reserved].

       

      (k)         Neither such Borrower nor its Subsidiaries is
          engaged in the business of extending credit for the purpose of buying or carrying margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of any drawing on the Letters of
          Credit, any Loan or any other Extension of Credit will be used to buy or carry any margin stock or to extend credit to others for the purpose of buying or carrying any margin stock.

       

      
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      (l)           Compliance with ERISA as follows:

       

      (i)        Such Borrower and each ERISA
          Affiliate thereof are in compliance with all applicable provisions of ERISA, the Code and the regulations and published interpretations thereunder with respect to all Employee Benefit Plans except where a failure to so comply could not reasonably
          be expected to have a Material Adverse Effect.  Each Employee Benefit Plan that is intended to be qualified under Section 401(a) of the Code is the subject of a favorable determination, opinion or advisory letter issued by the Internal Revenue
          Service, and each trust related to such plan has been determined to be exempt under Section 501(a) of the Code.  No liability has been incurred by such Borrower or any ERISA Affiliate thereof which remains unsatisfied for any taxes or penalties
          with respect to any Employee Benefit Plan or any Multiemployer Plan except for a liability that could not reasonably be expected to have a Material Adverse Effect;

       

      (ii)        Except where failure of any of
          the following representations to be correct could not reasonably be expected to have a Material Adverse Effect, no Pension Plan has been terminated, nor has any unpaid minimum required contributions (as defined in Section 430 of the Code)
          (without regard to any waiver granted under Section 430 of the Code), nor has any funding waiver from the Internal Revenue Service been received or requested with respect to any Pension Plan, nor has such Borrower or any ERISA Affiliate thereof
          failed to make any contributions or to pay any amounts due and owing as required by Section 430 of the Code, Section 303 of ERISA or the terms of any Pension Plan prior to the due dates of such contributions under Section 430 of the Code or
          Section 303 of ERISA, nor has there been any event requiring any disclosure under Section 4041(c)(3)(C) or 4063(a) of ERISA with respect to any Pension Plan;

       

      (iii)       Except where the failure of any
          of the following representations to be correct could not reasonably be expected to have a Material Adverse Effect, neither such Borrower nor any ERISA Affiliate thereof has:  (A) engaged in a nonexempt prohibited transaction described in Section
          406 of the ERISA or Section 4975 of the Code, (B) incurred any liability to the PBGC which remains outstanding other than the payment of premiums and there are no premium payments which are due and unpaid, or (C) failed to make a required
          contribution or payment to a Multiemployer Plan;

       

      (iv)        No Termination Event has occurred
          or is reasonably expected to occur;

       

      (v)       Except where the failure of any of
          the following representations to be correct could not reasonably be expected to have a Material Adverse Effect, no proceeding, claim (other than a benefits claim in the ordinary course of business), lawsuit and/or investigation is existing or, to
          the knowledge of such Borrower, threatened concerning or involving any (A) employee welfare benefit plan (as defined in Section 3(1) of ERISA) currently maintained or contributed to by such Borrower or any ERISA Affiliate thereof, (B) Pension
          Plan or (C) Multiemployer Plan;

       

      (vi)        Such Borrower represents that it
          is not (1) an employee benefit plan subject to ERISA, (2) a plan or account subject to Section 4975 of the Code, (3) an entity deemed to hold “plan assets” of any such plans or accounts for purposes of ERISA or the Code, or (4) a “governmental
          plan” within the meaning of ERISA;

       

      (m)         Such Borrower and its Subsidiaries have filed all
          tax returns (Federal, state and local) required to be filed and paid all taxes shown thereon to be due, including interest and penalties, except (i) to the extent that such Borrower or any such Subsidiary is diligently contesting any such taxes
          in good faith and by appropriate proceedings, and for which adequate reserves for payment thereof have been established or (ii) where the failure to pay such taxes or file such return could not reasonably be expected to result in a Material
          Adverse Effect.

       

      
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      (n)          No event has occurred or is continuing which
          constitutes a Default or an Event of Default, or which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by such Borrower or any Subsidiary thereof under any material
          agreement or contract, judgment, decree or order by which such Borrower or any of its respective properties may be bound or which would require such Borrower or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity
          date therefor, where such default could reasonably be expected to result in a Material Adverse Effect.

       

      (o)          As of the Closing Date, such Borrower and its
          Subsidiaries, taken as a whole, are Solvent.

       

      (p)         As of the Closing Date, the capitalization of such
          Borrower and each Significant Subsidiary of such Borrower consists of the Capital Stock, authorized, issued and outstanding, of such classes and series, with or without par value, described on Schedule

              II hereto.  All such outstanding Capital Stock has been duly authorized and validly issued and are fully paid and nonassessable.  Except as set forth in the Disclosure Documents, there are no outstanding warrants, subscriptions,
          options, securities, instruments or other rights of any type or nature whatsoever, which are convertible into, exchangeable for or otherwise provide for or permit the issuance of, Capital Stock of such Borrower or any Subsidiary of such Borrower
          or are otherwise exercisable by any Person.

       

      (q)          Such Borrower and each of its Subsidiaries has good
          and marketable title to all material assets and other property purported to be owned by it.

       

      (r)           None of the properties or assets of such Borrower
          or any of its Subsidiaries is subject to any Lien, except Permitted Liens.

       

      (s)          No financial statement, material report, or other
          material written information furnished by or on behalf of such Borrower to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder (as modified or
          supplemented by other information so furnished), taken together as a whole, contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under
          which they were made, not materially misleading; provided that, with respect to projected financial information, pro forma financial information, information of a general economic or
          industry specific nature, estimated financial information and other projected, forward looking or estimated information, such information was prepared in good faith based upon assumptions believed to be reasonable at the time (it being recognized
          that projections are not to be viewed as facts and that the actual results during the period or periods covered by such projections may vary from such projections, and such variation may be material).

       

      (t)           [Reserved].

       

      (u)          [Reserved].

       

      
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      (v)          None of such Borrower or any Subsidiary or
          Affiliate of such Borrower:  (i) is a Sanctioned Person or currently the subject or target of any Sanctions or (ii) has taken any action, directly or indirectly, that would result in a violation by such Persons of any Anti-Corruption Laws or
          Sanctions.  The Lenders hereby notify each Borrower that pursuant to the requirements of the Patriot Act, they are required to obtain, verify and record information that identifies such Borrower, which information includes the name and address of
          such Borrower and other information that will allow the Lenders to identify such Borrower in accordance with the Patriot Act.

       

      (w)         Except as disclosed in the Disclosure Documents or
          to the extent that the resulting violation or liability would not reasonably be expected to result individually or in the aggregate, in a Material Adverse Effect:

       

      (i)         all properties now or in the past
          owned, leased or operated by such Borrower and each Subsidiary thereof now or in the past do not contain, and to their knowledge have not previously contained, any Hazardous Materials in amounts or concentrations which (A) constitute or
          constituted a violation of applicable Environmental Laws or (B) could give rise to liability under applicable Environmental Laws;

       

      (ii)        to the knowledge of such Borrower
          and its Subsidiaries, such Borrower and each Subsidiary thereof and such properties and all operations conducted in connection therewith are in compliance, and have been in compliance, with all applicable Environmental Laws, and there is no
          contamination at, under or about such properties or such operations which could interfere with the continued operation of such properties or impair the fair saleable value thereof;

       

      (iii)       neither such Borrower nor any
          Subsidiary thereof has received any written or verbal notice of violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters, Hazardous Materials, or compliance with Environmental Laws, nor does
          such Borrower or any Subsidiary thereof have knowledge or reason to believe that any such notice will be received or is being threatened;

       

      (iv)         to the knowledge of such
          Borrower and its Subsidiaries, Hazardous Materials have not been disposed of, on or transported to or from the properties now or in the past owned, leased or operated by such Borrower or any Subsidiary thereof in violation of, or in a manner or
          to a location which could give rise to liability under, Environmental Laws, nor have any Hazardous Materials been generated, treated, stored or disposed of at, on or under any of such properties in violation of, or in a manner that could give
          rise to liability under, any applicable Environmental Laws;

       

      (v)         no judicial proceedings or
          governmental or administrative action is pending, or, to the knowledge of such Borrower, threatened, under any Environmental Law to which such Borrower or any Subsidiary thereof is or will be named as a potentially responsible party with respect
          to such properties or operations conducted in connection therewith, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any
          Environmental Law with respect to such Borrower, any Subsidiary thereof or such properties or such operations that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; and

       

      
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      (vi)        there has been no release, or to
          such Borrower’s knowledge, threat of release, of Hazardous Materials at or from properties owned, leased or operated by such Borrower or any Subsidiary thereof, now or in the past, in violation of or in amounts or in a manner that could give rise
          to liability under Environmental Laws.

       

      (x)          Such Borrower is not an Affected Financial
          Institution.

       

      ARTICLE VI

        COVENANTS OF THE BORROWERS

       

      SECTION 6.01          Affirmative Covenants.

       

      Until the Obligations (other than contingent indemnification obligations for which no claim has been asserted) have been finally and indefeasibly
        paid and satisfied in full and the Aggregate Commitments terminated, each Borrower, severally but not jointly, covenants and agrees that such Borrower will, and will cause each of its Subsidiaries, to:

       

      (a)          Preservation

              of Existence, Etc.  Preserve and maintain its corporate or company, as applicable, existence, material rights (statutory and otherwise) and franchises, and take such other action as may be necessary or advisable to preserve and
          maintain its right to conduct its business in the states where it shall be conducting its business, except where failure to do so does not result in, or could not reasonably be expected to have, a Material Adverse Effect.

       

      (b)        Maintenance

              of Properties, Etc.  Maintain good and marketable title to all of its properties which are used or useful in the conduct of its business, and preserve, maintain, develop and operate all such properties in good working order and
          condition (ordinary wear and tear and casualty excepted), except where such failure would not result in a Material Adverse Effect.

       

      (c)         Ownership. 

          (i) With respect to SJI, continue to own, directly or indirectly, at all times 100% of the Capital Stock having voting rights of SJG and ETG and (ii) with respect to each of SJG and ETG, cause SJI to continue to own, directly or indirectly, at
          all times 100% of the Capital Stock having voting rights of  such Borrower.

       

      (d)         Compliance

              with Material Contractual Obligations, Laws, Etc.  Comply with the requirements of all material contractual obligations and all Applicable Laws, such compliance to include paying before the same become delinquent all taxes,
          assessments and governmental charges imposed upon it or upon its property except to the extent diligently contested in good faith and by appropriate proceedings and for which adequate reserves for the payment thereof have been established, in
          each case, except to the extent the failure to comply with which could not reasonably be expected to result in a Material Adverse Effect.

       

      
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      (e)         Insurance. 

          Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or similar businesses and similarly situated.

       

      (f)          Visitation

              Rights; Keeping of Books.  At any reasonable time and from time to time, upon reasonable advance notice, permit the Administrative Agent or any of the Lenders or any agents or representatives thereof, to examine and make copies of
          and abstracts from the records and books of account of, and visit the properties of, such Borrower and any of its Subsidiaries, and to discuss the affairs, finances and accounts of such Borrower and any of its Subsidiaries with any of their
          respective officers or directors and with their respective independent certified public accountants and keep proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and
          liabilities of such Borrower in accordance with GAAP, consistent with the procedures applied in the preparation of the financial statements referred to in Section 5.01(f) hereof; provided, that any such visits or inspections shall be subject to such conditions as such Borrower shall deem necessary based on reasonable considerations of safety, security and
          confidentiality; and provided, further, that no Borrower nor any Subsidiary shall be required to disclose to any Person any
          information the disclosure of which is prohibited by applicable law or binding agreement or subject to attorney-client privilege or constitutes attorney-work product or constitutes non-financial trade secrets or non-financial proprietary
          information so long as (x) such confidentiality obligation was not entered into in contemplation hereof and (y) such Borrower provides the Administrative Agent or such Lender with notice that information is being withheld due to the existence of
          such confidentiality obligation.

       

      (g)          [Reserved].

       

      (h)         Use

              of Proceeds.  Use the proceeds of the facility created by this Agreement solely for the following purposes:  (i) on the Closing Date, the repayment in full of all loans or reimbursement obligations under the Existing Credit
          Facilities and fees, costs and expenses in connection therewith and (ii) on and after the Closing Date, working capital and other general corporate purposes, including, without limitation, issuance of Letters of Credit to support working capital
          needs of such Borrower and its Subsidiaries.

       

      (i)           [Reserved].

       

      (j)           [Reserved].

       

      (k)          [Reserved].

       

      (l)           [Reserved].

       

      (m)        Compliance

              with Sanctions and Anti-Corruption Laws.  Comply with any applicable obligations under any Anti-Corruption Laws and maintain in effect and enforce policies and procedures designed to ensure compliance by such Borrower, its
          Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.  In the event that such Borrower becomes aware that it is not in compliance in any material respect with any
          applicable Sanctions or Anti-Corruption Laws, such Borrower shall notify the Administrative Agent and diligently take all actions required thereunder to become compliant.

       

      
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      (n)        Further

              Assurances.  At the expense of such Borrower, promptly execute and deliver, or cause to be promptly executed and delivered, all further instruments and documents, and take and cause to be taken all further actions, that may be
          reasonably necessary or that the Required Lenders through the Administrative Agent may reasonably request, to enable the Lenders and the Administrative Agent to enforce the terms and provisions of this Agreement and the Loan Documents and to
          exercise their rights and remedies hereunder.  In addition, such Borrower will use all reasonable efforts to duly obtain Governmental Actions required from time to time on or prior to such date as the same may become legally required, and
          thereafter to maintain all such Governmental Actions in full force and effect, except where such failure would not result in a Material Adverse Effect.

       

      (o)         Compliance

              with ERISA.  (i) Except where the failure to so comply could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (x) comply with applicable provisions of ERISA and the regulations and
          published interpretations thereunder with respect to all Employee Benefit Plans of such Borrower, (y) not take any action or fail to take action the result of which could reasonably be expected to result in a liability to the PBGC or to a
          Multiemployer Plan, (z) not participate in any prohibited transaction that could result in any civil penalty under ERISA or tax under the Code and (zz) operate each Employee Benefit Plan of such Borrower in such a manner that will not incur any
          tax liability under Section 4980B of the Code or any liability to any qualified beneficiary as defined in Section 4980B of the Code and (ii) furnish to the Administrative Agent upon the Administrative Agent’s request such additional information
          about any Employee Benefit Plan of such Borrower as may be reasonably requested by the Administrative Agent.

       

      (p)         Environmental

              Notices.  Such Borrower shall furnish to the Administrative Agent, on behalf of the Lenders prompt written notice of all Environmental Liabilities, pending, threatened (in writing) Environmental Proceedings, Environmental Notices,
          Environmental Judgments and Orders, and Environmental Releases at, on, in, under or in any way affecting its properties or, to the extent such Borrower has actual notice thereof, any adjacent property, and all facts, events or conditions that
          could lead to any of the foregoing; provided that such Borrower shall not be required to give such notice unless it reasonably believes that any of the foregoing, individually or in the aggregate, could reasonably be expected to have a Material
          Adverse Effect with respect to such Borrower.

       

      (q)          Environmental

              Matters.  Except where it could not reasonably be expected to have a Material Adverse Effect with respect to such Borrower, such Borrower will not use, produce, manufacture, process, generate, store, dispose of, manage at, or ship
          or transport to or from its properties any Hazardous Materials other than as disclosed to the Lenders in writing at or prior to the Closing Date except for (i) Hazardous Materials used, produced, manufactured, processed, generated, stored,
          disposed of or managed in the ordinary course of business in material compliance with all applicable Environmental Requirements or (ii) other Hazardous Materials the unlawful handling, discharge or disposal of which, individually or in the
          aggregate, could not reasonably be expected to have a Material Adverse Effect with respect to such Borrower.

       

      
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      (r)          Environmental

              Release.  Upon becoming aware of the occurrence of an Environmental Release that could reasonably be expected to have a Material Adverse Effect with respect to such Borrower, such Borrower will promptly investigate the extent of,
          and comply in all material respects with all applicable Federal, state and local statutes, rules, regulations, orders and other provisions of law relating to Hazardous Materials, air emissions, water discharge, noise emission and liquid disposal,
          and other environmental, health and safety matters, other than those the noncompliance with which would not have a Material Adverse Effect with respect to such Borrower.

       

      (s)          Subsidiary

              Guarantors. With respect to SJI only, cause any Subsidiary that (i) at any time is a party to any Principal Credit Facility or (ii) guarantees Indebtedness in respect of any Principal Credit Facility, to enter into a subsidiary
          guaranty agreement reasonably acceptable to the Required Lenders providing for a guaranty of the Obligations of SJI under this Agreement and the other Loan Documents (a “Subsidiary Guaranty”)

          and to deliver to the Administrative Agent (substantially concurrently with the incurrence of any such guaranty obligation pursuant to any Principal Credit Facility) the following items:

       

      (i)         a certificate signed by an
          authorized Responsible Officer of SJI making representations and warranties substantially to the effect of those contained in Sections 5.01(a), (b), (c) and (d), with respect to such Subsidiary and the Subsidiary Guaranty, as applicable; and

       

      (ii)        an opinion of counsel for SJI
          addressed to the Administrative Agent and the Lenders reasonably satisfactory to the Required Lenders, substantially to the effect that the Subsidiary Guaranty by such Person has been duly authorized, executed and delivered and that the
          Subsidiary Guaranty constitutes the legal, valid and binding obligation of such Person enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance,
          moratorium or other similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law) and subject to other usual
          and customary limitations.

       

      provided, that
          notwithstanding anything contained in this Section 6.01(s) to the contrary, SJI shall be under no obligation to require any such Subsidiary that becomes a party to a Principal Credit Facility to become a Subsidiary Guarantor in respect of
          this Agreement and the other Loan Documents to the extent (x) such Subsidiary’s obligations under all Principal Credit Facilities consist solely of direct borrowings with recourse only to such Subsidiary and (y) such Subsidiary does not guarantee
          or otherwise become liable at any time, whether as a borrower or an additional or co-borrower or otherwise, for or in respect of Indebtedness of SJI or any other Subsidiary under any Principal Credit Facility.  The Lenders hereby authorize the
          Administrative Agent to discharge and release any Subsidiary Guarantor from any Subsidiary Guaranty upon the written request of SJI, provided that (I) such Subsidiary Guarantor has been released and discharged (or will be released and
          discharged concurrently with the release of such Subsidiary Guarantor under the Subsidiary Guaranty) as an obligor and guarantor under and in respect of each Principal Credit Facility and SJI so certifies to the Lenders in a certificate of a
          Responsible Officer, (II) at the time of such release and discharge, SJI shall deliver a certificate of a Responsible Officer to the Administrative Agent and the Lenders stating that no Default or Event of Default exists, and (III) if any fee or
          other form of consideration is given to any holder of Indebtedness of SJI for the purpose of such release, the Lenders shall receive equivalent consideration.

      

      

      
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      (t)          Obligations

              to Rank Pari Passu. With respect to SJI only, cause the Obligations of SJI under this Agreement and the other Loan Documents to remain direct obligations of SJI ranking pari passu with all Indebtedness outstanding under any
          Principal Credit Facility and all other present and future unsecured Indebtedness (actual or contingent) of SJI which is not expressed to be subordinate or junior in rank to any other unsecured Indebtedness of SJI.

       

      SECTION 6.02         Negative Covenants.  Until all of the Obligations (other than contingent indemnification obligations for which no claim has been asserted) have been finally and indefeasibly paid
          and satisfied in full and the Aggregate Commitments terminated, each Borrower, severally but not jointly, covenants and agrees that such Borrower will not, and will not cause or permit any of its Subsidiaries, to:

       

      (a)          Liens,

              Etc.  Except as permitted in Section 6.02(c), create, incur, assume, or suffer to exist any Lien upon or with respect to any of its properties other than Permitted Liens.

       

      (b)        Transactions

              with Affiliates.  Enter into any transaction (including the purchase or sale of any property or service) with, or make any payment or transfer to, any Affiliate except in the ordinary course of business and pursuant to the
          reasonable requirements of such Borrower’s or such Subsidiary’s business and upon fair and reasonable terms that are no less favorable to such Borrower or such Subsidiary than such Borrower or such Subsidiary would obtain in a comparable arm’s
          length transaction, except:

       

      (i)          those existing on the Closing
          Date;

       

      (ii)         to the extent required by
          Applicable Law or regulation;

       

      (iii)        transactions expressly permitted
          under this Agreement;

       

      (iv)        transactions solely between or
          among (x) such Borrower and one or more Subsidiaries thereof or (y) two or more Subsidiaries of such Borrower, in each case, which do not involve any other Affiliate;

       

      (v)        employment and severance
          arrangements (including equity incentive plans and employee benefit plans and arrangements) with their respective officers and employees in the ordinary course of business;

       

      (vi)        payment of customary fees and
          reasonable out of pocket costs to, and indemnities for the benefit of, directors, officers and employees of such Borrower and its Subsidiaries in the ordinary course of business;

       

      (vii)       any transaction or series of
          related transactions with an aggregate value or payment of less than $1,000,000; and

       

      
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      (viii)      transactions otherwise permitted
          by a state regulatory agency with authority over such Borrower or Subsidiary of such Borrower.

       

      (c)          Obligation

              to Ratably Secure.  Create or suffer to exist any Lien other than a Permitted Lien, in each case to secure or provide for the payment of Indebtedness, unless, on or prior to the date thereof, such Borrower shall have (i) pursuant
          to documentation reasonably satisfactory to the Administrative Agent, equally and ratably secured the Obligations of such Borrower under this Agreement by a Lien acceptable to the Administrative Agent, and (ii) caused the creditor or creditors,
          as the case may be, in respect of such Indebtedness to have entered into an intercreditor agreement in form, scope and substance reasonably satisfactory to the Administrative Agent.

       

      (d)        Mergers,

              Etc.  Merge or consolidate with or into any Person, except that (i) any Subsidiary of such Borrower may merge or consolidate with or into, any other wholly-owned Subsidiary of such Borrower and (ii) any Subsidiary of such Borrower
          may merge or consolidate with and into such Borrower; provided, that such Borrower is the surviving corporation; provided, further, that in each case, immediately after giving effect to such proposed transaction, no Event of Default with respect to such Borrower
          would exist.

       

      (e)          Sale

              of Assets, Etc.  Sell, transfer, lease, assign or otherwise convey or dispose of assets (whether now owned or hereafter acquired), in any single transaction or series of transactions, whether or not related having an aggregate book
          value in excess of 10% of the Consolidated assets of such Borrower and its Consolidated Subsidiaries, except for dispositions of capital assets in the ordinary course of business as presently conducted.

       

      (f)        Restrictive

              Agreements.  Enter into any agreement prohibiting or restricting the ability of any of its Significant Subsidiaries to declare or pay dividends to such Borrower except for those existing on the Closing Date (including, for the
          avoidance of doubt, the SJG First Mortgage Indenture and any supplements from time to time thereto); provided, that the foregoing provisions shall not prohibit (a) such Borrower or any
          Subsidiary of such Borrower from entering into any debt instrument containing a total debt to capitalization covenant or (b) any obligations that are binding on a Subsidiary of such Borrower at the time such Subsidiary first becomes a Subsidiary
          of such Borrower, so long as such obligations are not entered into in contemplation of such Person becoming a Subsidiary of such Borrower.

       

      (g)         New

              Business.  To the extent constituting an “Event of Default” (or term of similar import) under any SJI Note Purchase Agreement, enter into any business, in any material respect, which is not similar to such Borrower’s and its
          Subsidiaries’ business as of the Closing Date and businesses and activities reasonably related thereto.

       

      (h)          Distributions. 

          Pay any dividends on or make any other distributions in respect of any Capital Stock or redeem or otherwise acquire any such Capital Stock; provided:

       

      (i)           any Subsidiary of such Borrower
          may pay regularly scheduled dividends or make other distributions to such Borrower;

       

      (ii)         such Borrower may pay
          distributions or dividends solely in Capital Stock of such Borrower;

       

      
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      (iii)       if no Event of Default with
          respect to such Borrower exists or would result therefrom, such Borrower may pay distributions or dividends in either cash or Capital Stock of such Borrower or may redeem or otherwise acquire its Capital Stock;

       

      (iv)        with respect to ETG or SJG, such
          Borrower may cause (a) the redemption of its Capital Stock having a preferred interest or (b) the acquisition of Capital Stock having a preferred interest of any trust created by such Borrower solely for the purpose of issuing preferred equity
          interests, the proceeds of which will be used by such trust to fund loans to such Borrower, only if, in each case, such redemption or acquisition is effected by the proceeds of Capital Stock issued by SJI; provided, that before and after such redemption or acquisition as described above, no Default or Event of Default with respect to such
          Borrower has occurred and is continuing; and

       

      (v)         any Borrower may pay any dividend
          or distribution permitted under this Section 6.02(h) within sixty (60) days after the date of declaration thereof, if at the date of declaration such payment was then permitted under
          this Section 6.02(h);

       

      (i)           [Reserved].

       

      (j)           Fiscal

              Year.  Change its Fiscal Year.

       

      (k)        Use

              of Proceeds.  Request any Extension of Credit, or use the proceeds of any Extension of Credit, (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value,
          to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (iii) in any manner that
          would result in the violation by any individual or entity (including any individual or entity participating in the transaction, whether as Lender, Arranger, Administrative Agent, Issuing Lender, Swingline Lender, or otherwise) of Sanctions.

       

      SECTION 6.03          Reporting Requirements.

       

      Until all of the Obligations (other than contingent indemnification obligations for which no claim has been asserted) have been finally and
        indefeasibly paid and satisfied in full and the Aggregate Commitments terminated, each Borrower, severally but not jointly, covenants and agrees that such Borrower will provide to the Administrative Agent:

       

      (a)          as soon as available and in any event within sixty
          (60) days after the end of each of the first three fiscal quarters of each fiscal year of such Borrower, a consolidated balance sheet of such Borrower and its Consolidated Subsidiaries as at the end of such fiscal quarter and consolidated
          statements of income, retained earnings and cash flows of such Borrower and its Consolidated Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such fiscal quarter, all in reasonable detail
          and duly certified by the chief financial officer or the treasurer of such Borrower as fairly presenting in all material respects the financial condition of such Borrower and its Consolidated Subsidiaries as at such date and the results of
          operations of such Borrower and its Consolidated Subsidiaries for the periods ended on such date, except for the absence of footnotes and normal year-end adjustments, all in accordance with GAAP consistently applied, together with a Compliance
          Certificate, in substantially the form of Exhibit G, of the chief financial officer or the treasurer of such Borrower (A) demonstrating and certifying compliance by such Borrower with
          the covenants set forth in Section 6.04 and (B) stating that no Event of Default or Default with respect to such Borrower has occurred and is continuing or, if an Event of Default or
          Default with respect to such Borrower has occurred and is continuing, a statement as to the nature thereof and the action which such Borrower has taken and proposes to take with respect thereto;

       

      
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      (b)         as soon as available and in any event within one
          hundred twenty (120) days after the end of each fiscal year of such Borrower, a copy of the annual report for such fiscal year for such Borrower and its Consolidated Subsidiaries, containing an audited consolidated balance sheet of such Borrower
          and its Consolidated Subsidiaries for such fiscal year and audited consolidated statements of income, retained earnings and cash flows of such Borrower and its Consolidated Subsidiaries for such fiscal year, certified by, and accompanied by an
          unqualified opinion of, Deloitte & Touche LLP or such other independent public accountants reasonably acceptable to the Administrative Agent, together with a Compliance Certificate, in substantially the form of Exhibit G, of the chief financial officer or the treasurer of such Borrower (A) demonstrating and certifying compliance by such Borrower with the covenants set forth in Section 6.04 and (B) stating that no Event of Default or Default with respect to such Borrower has occurred and is continuing or, if an Event of Default or Default with respect to such Borrower has occurred and is
          continuing, a statement as to the nature thereof and the action which such Borrower has taken and proposes to take with respect thereto;

       

      (c)         as soon as possible and in any event within five (5)
          Business Days after such Borrower becomes aware of the occurrence of each Event of Default and each Default with respect to such Borrower, a statement of the chief financial officer or other Responsible Officer of such Borrower setting forth
          details of such Event of Default or Default and the action which such Borrower has taken and proposes to take with respect thereto;

       

      (d)          upon such Borrower obtaining knowledge of the
          following, such Borrower will give written notice to the Administrative Agent promptly (and in any event within ten Business Days) of any of the following:  (i) any unfavorable determination letter from the Internal Revenue Service regarding the
          qualification of an Employee Benefit Plan of such Borrower under Section 401(a) of the Code (along with a copy thereof), (ii) all notices received by such Borrower or any of its ERISA Affiliates of the PBGC’s intent to terminate any Pension Plan
          of such Borrower or to have a trustee appointed to administer any Pension Plan of such Borrower, (iii) all notices received by such Borrower or any of its ERISA Affiliates from a Multiemployer Plan sponsor concerning the imposition or amount of
          withdrawal liability in the amount of at least $1,000,000 pursuant to Section 4202 of ERISA and (iv) such Borrower or any of its ERISA Affiliates has filed or intends to file a notice of intent to terminate any Pension Plan of such Borrower under
          a distress termination within the meaning of Section 4041(c) of ERISA;

       

      (e)          as soon as possible and in any event within five
          (5) days after such Borrower becomes aware of the occurrence thereof, notice of all actions, suits, proceedings or other events (A) of the type described in Section 5.01(e) or (B) for
          which the Administrative Agent or the Lenders will be entitled to indemnity under Section 9.05;

       

      
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      (f)           as soon as possible and in any event within five
          (5) days after the sending or filing thereof, copies of all material reports that such Borrower sends to any of its security holders, and copies of all reports and registration statements which such Borrower or any of its Subsidiaries files with
          the Securities and Exchange Commission or any national securities exchange;

       

      (g)        promptly upon request, such other information
          respecting the business, properties, assets, liabilities (actual or contingent), results of operations, condition or operations, financial or otherwise, of such Borrower or any Subsidiary thereof as any Lender through the Administrative Agent may
          from time to time reasonably request; provided, that neither such Borrower nor any of its Subsidiaries will be required to disclose, deliver or provide any document, information or
          other matter that (i) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors) is
          prohibited by law or any binding agreement or (iii) is subject to attorney-client or similar privilege or constitutes attorney work product;

       

      (h)        from time to time and promptly upon each request,
          information with respect to such Borrower as a Lender may reasonably request in order to comply with the applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot Act and the
          Beneficial Ownership Regulation;

       

      (i)          promptly, upon knowledge of any change in the Debt
          Rating of such Borrower, a certificate stating that the Debt Rating of such Borrower has changed with evidence of the new Debt Rating; and

       

      (j)          prompt written notice of any change in the
          information provided in any Beneficial Ownership Certification in relation to such Borrower that would result in a change to the list of beneficial owners identified in parts (c) or (d) of such certification.

       

      Documents and information required to be delivered pursuant to this Section 6.03 shall be deemed to have been delivered if such
        information shall have been posted by such Borrower on an Intralinks or similar site to which the Administrative Agent has been granted access or shall be available on the website of the Securities and Exchange Commission at http://www.sec.gov or
        another Internet website to which each Lender and the Administrative Agent have access; provided that, if requested by the Administrative Agent or any Lender, such Borrower shall deliver a paper copy of such information to the Administrative Agent
        or such Lender.  Information required to be delivered pursuant to this Section 6.03 may also be delivered by electronic communications pursuant to procedures reasonably approved by the Administrative Agent.

       

      
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      Each Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders and the Issuing
        Lenders materials and/or information provided by or on behalf of such Borrower hereunder that have been approved by such Borrower in writing including via electronic transmission (collectively, “Informational Materials”) by posting the
        Informational Materials on SyndTrak Online or another similar electronic means (collectively, the “Electronic Means”) and (b) certain prospective Lenders (“Public Lenders”) may not wish to receive material non-public information
        (within the meaning of the United States federal securities laws, “MNPI”) with respect to such Borrower or its Affiliates or any of their respective securities, and who may be engaged in investment and other market-related activities with
        respect to such entities’ securities.  Lenders will assume that all Informational Materials, other than publicly available Informational Materials filed pursuant to the Exchange Act or posted on such Borrower’s website, include MNPI.  Each Borrower
        hereby agrees that in the event any Informational Materials will not contain MNPI, such Borrower will notify Administrative Agent in writing (except with respect to Informational Materials filed pursuant to the Exchange Act, or posted on such
        Borrower’s website, which shall be deemed public) and such Borrower shall be deemed to have authorized the Administrative Agent, the Issuing Lenders and the Lenders to treat such Informational Materials as not containing any MNPI (although it may
        be sensitive and proprietary) with respect to such Borrower or its securities for purposes of United States Federal and state securities laws (provided, however,
        that to the extent such Informational Materials constitute Information, such Information shall be treated as set forth in Section 9.16 hereof).  Before distribution of any Informational Materials (a) to prospective Private Lenders, each
        Borrower shall provide the Administrative Agent with written authorization (including email) authorizing the dissemination of the Informational Materials and (b) to prospective Public Lenders, each Borrower shall provide the Administrative Agent
        with written authorization (including email) authorizing the dissemination of the Informational Materials and confirming, to such Borrower’s knowledge, the absence of MNPI therefrom.

       

      SECTION 6.04         Financial Covenants.  Until all of the Obligations (other than contingent indemnification obligations for which no claim has been asserted) have been finally and indefeasibly
          paid and satisfied in full and the Aggregate Commitments terminated, each Borrower, severally but not jointly, covenants and agrees that such Borrower will maintain at the end of each fiscal quarter a ratio of Indebtedness of such Borrower and
          its Subsidiaries on a consolidated basis to Consolidated Total Capitalization of not more than 0.70 to 1.0.

       

      ARTICLE VII

        EVENTS OF DEFAULT

       

      SECTION 7.01         Events of Default.  Each of the following events should they occur and be continuing with respect to a Borrower shall constitute an “Event

              of Default” with respect to such Borrower:

       

      (a)         Such Borrower shall fail to pay (i) any amount of
          principal of any Loan made to such Borrower or on any Reimbursement Obligation in respect of a Letter of Credit issued for the account of such Borrower when the same becomes due and payable or (ii) any interest, fees or any other amount payable
          by such Borrower hereunder within five (5) Business Days of when the same becomes due and payable; or

       

      (b)         Any representation or warranty made by or on behalf
          of such Borrower or any Subsidiary thereof in this Agreement, any Loan Document or by or on behalf of such Borrower or any Subsidiary thereof (or any of their officers) in connection with this Agreement, any Loan Document shall prove to have been
          incorrect in any material respect when made or deemed made; or

       

      
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      (c)          Such Borrower shall fail (i) to perform or observe
          any term, covenant or agreement contained in Section 6.01(a), (c), (e),
          (g), (h), (i) or (j),
          Section 6.02, Section 6.03, or Section 6.04, or (ii) to perform
          or observe any other term, covenant or agreement contained in this Agreement (other than obligations specifically set forth elsewhere in this Section 7.01) on its part to be performed
          or observed if the failure to perform or observe such other term, covenant or agreement, shall remain unremedied for thirty (30) days after written notice thereof shall have been given to such Borrower by the Administrative Agent or any Lender;
          or

       

      (d)         Such Borrower or any Significant Subsidiary thereof
          (or, with respect to SJI, any Subsidiary thereof) shall fail to pay any principal of or premium or interest on any Indebtedness (other than Indebtedness incurred by such Borrower under this Agreement) thereof in the aggregate (for all such
          Persons) in excess of $50,000,000 when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified
          in the agreement or instrument relating to such Indebtedness; or any other event shall occur or condition shall exist under any agreement or instrument relating to any such Indebtedness and shall continue after the applicable grace period, if
          any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit (with or without the giving of notice, but without any further lapse of time) the holder or holders of such Indebtedness (or a
          trustee or agent on behalf of such holder or holders) to cause the acceleration of, the maturity of such Indebtedness; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a regularly
          scheduled required prepayment), prior to the stated maturity thereof; or

       

      (e)          Such Borrower or any Significant Subsidiary thereof
          (or, with respect to SJI, any Subsidiary thereof) shall (i) generally not pay its debts as such debts become due, or (ii) admit in writing its inability to pay its debts generally, or (iii) make a general assignment for the benefit of creditors,
          or (iv) any case or proceeding shall be commenced by or against such Borrower or any Significant Subsidiary thereof (or, with respect to SJI, any Subsidiary thereof) seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation,
          winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any Debtor Relief Laws, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other
          similar official for it or for any substantial part of its property and, in the case of any such proceeding commenced against it (but not commenced by it), such proceeding shall remain undismissed or unstayed for a period of forty-five (45) days,
          or any of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its
          property) shall occur or such Borrower or any Significant Subsidiary thereof (or, with respect to SJI, any Subsidiary thereof) shall consent to or acquiesce in any such proceeding; or such Borrower or any Significant Subsidiary thereof (or, with
          respect to SJI, any Subsidiary thereof) shall take any corporate action to authorize any of the actions set forth above in this subsection (e); or

       

      (f)          Any judgments or orders for the payment of money in
          excess of $50,000,000 (in the aggregate) shall be rendered against such Borrower or any Significant Subsidiary thereof (or, with respect to SJI, any Subsidiary thereof) and either (i) enforcement proceedings shall have been commenced by any
          creditor upon any such judgment or order or (ii) there shall be any period of thirty (30) consecutive days during which a stay of enforcement of any such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or

       

      
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      (g)          The obligations of such Borrower or any Subsidiary
          thereof under this Agreement or any other Loan Document shall become unenforceable, or such Borrower or any Subsidiary thereof, or any court or governmental or regulatory body having jurisdiction over such Borrower or any Subsidiary thereof,
          shall so assert in writing or such Borrower or any Subsidiary thereof shall contest in any manner the validity or enforceability thereof; or

       

      (h)          The occurrence of a Termination Event with respect
          to such Borrower; or

       

      (i)          Any Governmental Action with respect to such
          Borrower shall be rescinded, revoked, otherwise terminated, or amended or modified in any manner which is materially adverse to the interests of the Lenders and the Administrative Agent; or

       

      (j)           A Change in Control shall occur.

       

      Any Event of Default with respect to SJG or ETG shall also constitute an Event of Default with respect to SJI.

       

      SECTION 7.02        Upon an Event of Default.  Upon the occurrence of an Event of Default with respect to a Borrower, with the consent of the Required Lenders, the Administrative Agent may, or upon
          the request of the Required Lenders, the Administrative Agent shall, by notice to such Borrower:

       

      (a)         Acceleration;

              Termination of Credit Facility.  (i) Declare the principal of and interest on the Reimbursement Obligations of such Borrower, the Loans made to such Borrower, the Notes issued by such Borrower and the other Obligations of such
          Borrower (except for Hedging Obligations, which shall be governed by the terms and conditions of the documents controlling such obligations) at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent by
          such Borrower under this Agreement (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder), to be forthwith due and
          payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement to the contrary notwithstanding, and (ii)
          terminate the obligation of each Lender to issue Letters of Credit for such Borrower’s account or to make any Loans or other Extensions of Credit to such Borrower and any right of such Borrower to request Letters of Credit, Loans or other
          Extensions of Credit hereunder; provided, that upon the occurrence of an Event of Default with respect to such Borrower specified in Section 7.01(e), the obligation of each Lender to issue Letters of Credit for such Borrower’s account (and for the account of SJI if such Borrower is SJG or ETG) or to make Loans or other Extensions of Credit to such
          Borrower (or to SJI if such Borrower is SJG or ETG) shall be automatically terminated and all Obligations of such Borrower (and SJI if such Borrower is SJG or ETG) (except for Hedging Obligations, which shall be governed by the terms and
          conditions of the documents controlling such obligations) shall automatically become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or in any other
          Loan Document to the contrary notwithstanding.

       

      
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      (b)          Letters

              of Credit.  With respect to all Letters of Credit issued for the account of such Borrower with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant to Section 7.02(a), require such Borrower at such time to deposit in a cash collateral account with the Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of
          Credit.  Amounts held in such cash collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or
          been fully drawn upon, if any, shall be applied to repay the other Obligations of such Borrower.  After all such Letters of Credit shall have expired or been fully drawn upon, and all Obligations of such Borrower shall have been paid in full, the
          balance, if any, in such cash collateral account shall be returned to such Borrower.

       

      SECTION 7.03          Rights and Remedies Cumulative; Non-Waiver; Etc.

       

      The enumeration of the rights and remedies of the Administrative Agent and the Lenders set forth in this Agreement is not intended to be exhaustive,
        and the exercise by the Administrative Agent and the Lenders of any right or remedy shall not preclude the exercise of any other rights or remedies, all of which shall be cumulative, and shall be in addition to any other right or remedy given
        hereunder or that may now or hereafter exist in law or in equity or by suit or otherwise.  No delay or failure to take action on the part of the Administrative Agent or any Lender in exercising any right, power or privilege shall operate as a
        waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude other or further exercise thereof or the exercise of any other right, power or privilege or shall be construed to be a waiver of any Event of
        Default.  No course of dealing between any Borrower, the Administrative Agent and the Lenders or their respective agents or employees shall be effective to change, modify or discharge any provision of this Agreement or any of the other Loan
        Documents or to constitute a waiver of any Event of Default.

       

      Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and
        under the other Loan Documents against any Borrower shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance
        with Section 7.02 for the benefit of all the Lenders and the Issuing Lenders; provided that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights
        and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Issuing Lender or the Swingline Lender from exercising the rights and remedies that inure to its benefit
        (solely in its capacity as an Issuing Lender or Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 9.04 (subject to the terms of Section
          2.16), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Borrower under any Debtor Relief Law; and provided,
        further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the
        Administrative Agent pursuant to Section 7.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.16, any Lender may, with the consent of the Required Lenders,
        enforce any rights and remedies available to it and as authorized by the Required Lenders.

       

      
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      ARTICLE VIII

        THE ADMINISTRATIVE AGENT

       

      SECTION 8.01         Appointment and Authority.  Each of the Lenders and each Issuing Lender hereby irrevocably designates and appoints Wells Fargo Bank to act on its behalf as the Administrative
          Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with
          such actions and powers as are reasonably incidental thereto.  The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Lender, and no Borrower or any Subsidiary thereof shall have rights
          as a third party beneficiary of any of such provisions.  It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to
          connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any Applicable Law.  Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship
          between contracting parties.

       

      SECTION 8.02          Rights as a Lender.  The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may
          exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent
          hereunder in its individual capacity.  Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with
          any Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

       

      SECTION 8.03         Exculpatory Provisions.  The Administrative Agent or the Arrangers, as applicable, shall not have any duties or obligations except those expressly set forth herein and in the
          other Loan Documents, and its duties hereunder and thereunder shall be administrative in nature.  Without limiting the generality of the foregoing, the Administrative Agent or the Arrangers, as applicable:

       

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

       

      (b)          shall not have any duty to take any discretionary
          action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders
          (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall
          not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action
          that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law.

       

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

       

      The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders
        (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Section 9.01 or Section 7.02) or (ii) in
        the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final nonappealable judgment.  The Administrative Agent shall be deemed not to have knowledge of any Default or Event of Default
        unless and until notice describing such Default or Event of Default is given to the Administrative Agent by the applicable Borrower, a Lender or an Issuing Lender.

       

      The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
        made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of
        any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other
        agreement, instrument or document, (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent, or (vi) the
        utilization of any Issuing Lender’s L/C Commitment (it being understood and agreed that each Issuing Lender shall monitor compliance with its own L/C Commitment without any further action by the Administrative Agent).

       

      SECTION 8.04        Reliance by Administrative Agent.  The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
          consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the
          proper Person.  The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon.  In determining
          compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an Issuing Lender, the Administrative Agent may presume that such
          condition is satisfactory to such Lender or such Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender or such Issuing Lender prior to the making of such Loan or the issuance of such Letter of
          Credit.  The Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with
          the advice of any such counsel, accountants or experts.

       

      
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      SECTION 8.05         Delegation of Duties.  The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through
          any one or more sub-agents appointed by the Administrative Agent.  The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties.  The
          exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the
          facilities created under this Agreement as well as activities as Agent.

       

      SECTION 8.06          Resignation of Administrative Agent.

       

      (a)          The Administrative Agent may at any time give
          notice of its resignation to the Lenders, the Issuing Lenders and the Borrowers.  Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrowers, to appoint a successor, which shall
          be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States.  If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30
          days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the
          retiring Administrative Agent may (but shall not be obligated to), on behalf of the Lenders and the Issuing Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above provided that if the Administrative Agent
          shall notify the Borrowers and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective on the Resignation Effective Date and (1) the retiring Administrative Agent shall be
          discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuing Lenders under any of the Loan
          Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) except for any indemnity payments owed to the retiring Administrative Agent,
          all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and each Issuing Lender directly, until such time as the Required Lenders appoint a
          successor Administrative Agent as provided for above in this paragraph.  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,
          privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged
          therefrom as provided above in this paragraph).  The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such successor.  After
          the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 9.05 shall continue in effect for the benefit of
          such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent or continues
          to hold collateral security.

       

      
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      (b)          Any resignation by Wells Fargo Bank as
          Administrative Agent pursuant to this Section shall also constitute its resignation as an Issuing Lender and Swingline Lender.  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed
          to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Lender and Swingline Lender, (b) the retiring Issuing Lender and Swingline Lender shall be discharged from all of their respective duties and
          obligations hereunder or under the other Loan Documents, and (c) the successor Issuing Lender shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangement
          satisfactory to the retiring Issuing Lender to effectively assume the obligations of the retiring Issuing Lender with respect to such Letters of Credit.

       

      SECTION 8.07        Non-Reliance on Administrative Agent and Other Lenders.  Each Lender and each Issuing Lender acknowledges that it has, independently and without reliance upon the Administrative
          Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.  Each Lender and each Issuing Lender also
          acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue
          to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

       

      SECTION 8.08        No Other Duties, Etc.  Anything herein to the contrary notwithstanding, none of the syndication agents, documentation agents, co-agents, joint book runners, lead manager,
          arrangers, lead arrangers or co-arrangers listed on the cover page or signature pages hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the
          Administrative Agent, a Lender, the Swingline Lender or the Issuing Lender hereunder.

       

      SECTION 8.09       Administrative Agent May File Proof of Claim.  In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Borrower,
          the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made
          any demand on such Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:

       

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

       

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

       

      and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
        authorized by each Lender and each Issuing 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 and the Issuing 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 hereunder.

       

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

       

      SECTION 8.10          Certain ERISA Matters.

       

      (a)          Each Lender (x) represents and warrants, as of the
          date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the
          avoidance of doubt, to or for the benefit of the Borrowers, that at least one of the following is and will be true:

       

      (i)         such Lender is not using “plan
          assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments
          or this Agreement;

       

      (ii)         the transaction exemption set
          forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general
          accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class
          exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and
          this Agreement;

       

      
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      (iii)      (A) such Lender is an investment
          fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer
          and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the
          requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation
          in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; or

       

      (iv)        such other representation,
          warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.

       

      (b)          In addition, unless either (1) sub-clause (i) in
          the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further (x)
          represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the
          Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrowers, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation
          in, administration of and performance of the Loans, the Letters of Credit, the Aggregate Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any
          Loan Document or any documents related hereto or thereto).

       

      SECTION 8.11           Erroneous Payments.

       

      (a)         Each Lender, each Issuing Lender and any other party
          hereto hereby severally agrees that if (i) the Administrative Agent notifies (which such notice shall be conclusive absent manifest error) such Lender or Issuing Lender or any other Person that has received funds from the Administrative Agent or
          any of its Affiliates, either for its own account or on behalf of a Lender or Issuing Lender (each such recipient, a “Payment Recipient”) that the Administrative Agent has determined in
          its sole discretion that any funds received by such Payment Recipient were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Payment Recipient) or (ii) any Payment
          Recipient receives any payment from the Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment sent by the Administrative
          Agent (or any of its Affiliates) with respect to such payment, prepayment or repayment, as applicable, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its
          Affiliates) with respect to such payment, prepayment or repayment, as applicable, or (z) that such Payment Recipient otherwise becomes aware was transmitted or received in error or by mistake (in whole or in part) then, in each case, an error in
          payment shall be presumed to have been made (any such amounts specified in clauses (i) or (ii) of this Section 8.11(a), whether received as a payment, prepayment or repayment of
          principal, interest, fees, distribution or otherwise; individually and collectively, an “Erroneous Payment”), then, in each case, such Payment Recipient is deemed to have knowledge of
          such error at the time of its receipt of such Erroneous Payment; provided that nothing in this Section shall require the Administrative Agent to provide any of the notices specified in
          clauses (i) or (ii) above. Each Payment Recipient agrees that it shall not assert any right or claim to any Erroneous Payment, and hereby waives any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim
          or counterclaim by the Administrative Agent for the return of any Erroneous Payments, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine.

       

      
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      (b)       Without limiting the immediately preceding clause (a),
          each Payment Recipient agrees that, in the case of clause (a)(ii) above, it shall promptly notify the Administrative Agent in writing of such occurrence.

       

      (c)          In the case of either clause (a)(i) or (a)(ii)
          above, such Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of the Administrative Agent, and upon demand from the
          Administrative Agent such Payment Recipient shall (or, shall cause any Person who received any portion of an Erroneous Payment on its behalf to), promptly, but in all events no later than one Business Day thereafter, return to the Administrative
          Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made in same day funds and in the currency so received, together with interest thereon in respect of each day from and including the date such
          Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent at the Federal Funds Rate.

       

      (d)          In the event that an Erroneous Payment (or portion
          thereof) is not recovered by the Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance with immediately preceding clause (c), from any Lender that is a Payment Recipient or an Affiliate of a Payment
          Recipient (such unrecovered amount as to such Lender, an “Erroneous Payment Return Deficiency”), then at the sole discretion of the Administrative Agent and upon the Administrative
          Agent’s written notice to such Lender, such Lender shall be deemed to have made a cashless assignment of the full face amount of the portion of its Loans (but not its Commitments) to the Administrative Agent or, at the option of the
          Administrative Agent, the Administrative Agent’s applicable lending affiliate in an amount that is equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but
          not Commitments), the “Erroneous Payment Deficiency Assignment”) plus any accrued and unpaid interest on such assigned amount, without further consent or approval of any party hereto and
          without any payment by the Administrative Agent or its applicable lending affiliate as the assignee of such Erroneous Payment Deficiency Assignment.  Without limitation of its rights hereunder, the Administrative Agent may cancel any Erroneous
          Payment Deficiency Assignment at any time by written notice to the applicable assigning Lender and upon such revocation all of the Loans assigned pursuant to such Erroneous Payment Deficiency Assignment shall be reassigned to such Lender without
          any requirement for payment or other consideration.  The parties hereto acknowledge and agree that (1) any assignment contemplated in this clause (d) shall be made without any requirement for any payment or other consideration paid by the
          applicable assignee or received by the assignor, (2) the provisions of this clause (d) shall govern in the event of any conflict with the terms and conditions of Section 9.09 and (3)
          the Administrative Agent may reflect such assignments in the Register without further consent or action by any other Person.

       

      
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      (e)          Each party hereto hereby agrees that (x) in the
          event an Erroneous Payment (or portion thereof) is not recovered from any Payment Recipient that has received such Erroneous Payment (or portion thereof) for any reason, the Administrative Agent (1) shall be subrogated to all the rights of such
          Payment Recipient with respect to such amount and (2) is authorized to set off, net and apply any and all amounts at any time owing to such Payment Recipient under any Loan Document, or otherwise payable or distributable by the Administrative
          Agent to such Payment Recipient from any source, against any amount due to the Administrative Agent under this Section 8.11 or under the indemnification provisions of this Agreement,
          (y) the receipt of an Erroneous Payment by a Payment Recipient shall not for the purpose of this Agreement be treated as a payment, prepayment, repayment, discharge or other satisfaction of any Obligations owed by any Borrower, except, in each
          case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from such Borrower for the purpose of making for a payment on the
          Obligations and (z) to the extent that an Erroneous Payment was in any way or at any time credited as payment or satisfaction of any of the Obligations, the Obligations or any part thereof that were so credited, and all rights of the Payment
          Recipient, as the case may be, shall be reinstated and continue in full force and effect as if such payment or satisfaction had never been received.

       

      (f)          Each party’s obligations under this Section 8.11 shall survive the resignation or replacement of the Administrative Agent or any transfer of right or obligations by, or the replacement of, a Lender, the termination of the
          Aggregate Commitments or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.

       

      (g)         Nothing in this Section 8.11 will constitute a waiver or release of any claim of any party hereunder arising from any Payment Recipient’s receipt of an Erroneous Payment.

       

      ARTICLE IX

        MISCELLANEOUS

       

      SECTION 9.01          Amendments, Etc.  Except as set forth below or as specifically provided in any Loan Document (including Section 2.12(e)),

          no amendment or waiver of any provision of this Agreement, nor consent to any departure by any Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders and the Borrowers, and then
          such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, except as otherwise provided in Section 2.18, no such waiver and no such amendment, supplement or modification shall:

       

      (a)         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) hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby;

       

      (b)          reduce the principal of, or the rate of interest
          specified herein on, any Loan or L/C Borrowing, or (subject to the second proviso to this Section 9.01) any fees or other amounts payable hereunder or under any other Loan Document
          without the written consent of each Lender directly affected thereby (except that only the consent of the Required Lenders shall be necessary to any obligation of any Borrower to pay interest at the rate set forth in Section 2.10(c) during the continuance of an Event of Default with respect to such Borrower);

       

      
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      (c)          extend or increase the Commitment of any Lender (or
          reinstate any Commitment terminated pursuant to Section 7.02) without the written consent of such Lender;

       

      (d)        amend, modify or waive any provision of this Section 9.01 or reduce the percentage specified in 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, or consent to the assignment or transfer by any Borrower of any of its rights and obligations under this Agreement, in each case, without the written
          consent of each Lender;

       

      (e)          change Section 2.06, 2.07, 2.10(e), 2.16(a)
          or 9.04 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender;

       

      (f)           waive any condition set forth in Section 4.01(a) without the written consent of each Lender;

       

      (g)          except as otherwise provided in Section 6.01(s), discharge or release a Subsidiary Guarantor from a Subsidiary Guaranty without the written consent of each Lender;

       

      provided further,
          that (i) no amendment, waiver or consent shall, unless in writing and signed by each affected Issuing Lender in addition to the Lenders required above, affect the rights or duties of such Issuing Lender under this Agreement or any other Loan
          Documents relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Swingline Lender in addition to the Lenders required above, affect the rights or duties of
          the Swingline 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 or modify Section 9.02(d), Section 9.20 or Article VIII hereof; (iv)  each Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by
          the parties thereto, (v) the Administrative Agent and the Borrowers shall be permitted to amend any provision of the Loan Documents (and such amendment shall become effective without any further action or consent of any other party to any Loan
          Document) if the Administrative Agent and the Borrowers shall have jointly identified an obvious error or any error, ambiguity, defect or inconsistency or omission of a technical or immaterial nature in any such provision and (vi) the
          Administrative Agent (and, if applicable, the Borrowers) may, without the consent of any Lender, enter into amendments or modifications to this Agreement or any of the other Loan Documents or to enter into additional Loan Documents in order to
          implement any Benchmark Replacement or any Benchmark Replacement Conforming Changes or otherwise effectuate the terms of Section 2.12(e) in accordance with Section 2.12(e).  Notwithstanding anything to the contrary herein, no
          Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that (A) the Commitment of such Lender may not be increased or extended without the consent of such Lender, and (B) any amendment,
          waiver, or consent hereunder which requires the consent of all Lenders or each affected Lender that by its terms disproportionately and adversely affects any such Defaulting Lender relative to other affected Lenders shall require the consent of
          such Defaulting Lender.

       

      
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      Notwithstanding anything in this Agreement to the contrary, each Lender hereby irrevocably authorizes the Administrative Agent on its behalf, and
        without further consent of any Lender (but with the consent of the Borrowers and the Administrative Agent), to amend and restate this Agreement and the other Loan Documents if, upon giving effect to such amendment and restatement, such Lender shall
        no longer be a party to this Agreement (as so amended and restated), the Commitment of such Lender shall have terminated, such Lender shall have no other commitment or other obligation hereunder and shall have been paid in full all principal,
        interest and other amounts owing to it or accrued for its account under this Agreement and the other Loan Documents.

       

      SECTION 9.02          Notices, Etc.

       

      (a)          Except in the case of notices and other
          communications expressly permitted to be given by telephone (and except as provided in paragraph (b) below), all notices and other communications provided for hereunder shall be in writing (including telegraphic communication) and delivered by
          hand or overnight courier service, mailed by certified or registered mail or sent by electronic mail as follows:

       

      Any Borrower:

       

      South Jersey Industries, Inc.

      1 South Jersey Plaza

      Folsom, New Jersey 08037

      Attention:  Steven R. Cocchi

      Email:  scocchi@sjindustries.com

       

      With a copy to:

       

      Cozen O’Connor

      One Liberty Place

      1650 Market Street, Suite 2800

      Philadelphia, Pennsylvania 19103

      Attention:  Richard J. Busis, Esq.

      E-mail:  RBusis@cozen.com

       

      The Administrative Agent or Swingline Lender:

       

      Wells Fargo Bank, National Association

      1525 W W.T. Harris Boulevard

      Charlotte, NC 28262

      Mail Code:  D1109-019

      Attention:  Syndication Agency Services

      Telephone:  704-590-2703

      E-mail:  AgencyServices.Requests@wellsfargo.com

       

      
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      With a copy to:

       

      Wells Fargo Bank, National Association

      90 S. 7th Street

      MAC: N9305-156

      Minneapolis, MN 55402

      Attention: Jesse Tannuzzo

      Telephone: 612-667-0030

      E-mail:  jesse.tannuzzo@wellsfargo.com

       

      With a copy to:

       

      Robinson, Bradshaw & Hinson, P.A.

      101 North Tryon Street

      Suite 1900

      Charlotte, North Carolina 28246-0103

      Attention:  Jeffrey A. Henson, Esq.

      E-mail: JHenson@robinsonbradshaw.com

       

      If to any Issuing Lender, to it at its address, fax number, e-mail address or telephone number most recently specified by it in a notice delivered
        to the Administrative Agent and the Borrowers (or, in the absence of any such notice, to the address, fax number, e-mail address or telephone number set forth in the administrative questionnaire of the Lender that is serving as such Issuing Lender
        or is an Affiliate thereof).

       

      If to any Lender, to it at the address of such Lender set forth on the Register with respect to deliveries of notices and other documentation that
        may contain material non-public information; or, as to each party, at such other address as shall be designated by such party in a written notice to the other parties.  All such notices sent by hand or overnight courier service, or mailed by
        certified or registered mail, shall be deemed to have been given when received; notices sent by electronic mail shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed
        to have been given at the opening of business on the next business day for the recipient).  Notices delivered through electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

       

      (b)         Notices and other communications to the Lenders and
          the Issuing Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply
          to notices to any Lender or any Issuing Lender pursuant to Article II if such Lender or such Issuing Lender, as applicable, has notified the Administrative Agent that is incapable of
          receiving notices under such Article by electronic communication.  The Administrative Agent or any Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to
          procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications.  Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address
          shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and (ii) notices or
          communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication
          is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice, email or other
          communication shall be deemed to have been sent at the opening of business on the next business day for the recipient.

       

      
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      (c)          Any party hereto may change its address or
          electronic mail address for notices and other communications hereunder by notice to the other parties hereto.

       

      (d)          Each Borrower agrees that the Administrative Agent
          may, but shall not be obligated to, make the Informational Materials available to the Issuing Lenders and the other Lenders by posting the Informational Materials on the Platform.  The Platform is provided “as is” and “as available.”  The Agent
          Parties (as defined below) do not warrant the accuracy or completeness of the Informational Materials or the adequacy of the Platform, and expressly disclaim liability for errors or omissions in the Informational Materials.  No warranty of any
          kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent
          Party in connection with the Informational Materials or the Platform.  In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have
          any liability to any Borrower, any Lender or any other Person or entity for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of such Borrower’s or the Administrative Agent’s
          transmission of communications through the Internet (including, without limitation, the Platform), except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by final and
          nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided that in no event shall any Agent Party have any liability to any Borrower, any Lender, any Issuing Lender or any other Person
          for indirect, special, incidental, consequential or punitive damages, losses or expenses (as opposed to actual damages, losses or expenses).

       

      (e)        Each of ETG and SJG hereby irrevocably appoints SJI
          as its agent for purposes of receiving any notice hereunder (in such capacity SJI, the “Administrative Borrower”), and each Borrower agrees that by providing any notice required
          hereunder to the Administrative Borrower, the Administrative Agent will have satisfied its notice obligations to the Borrowers.

       

      
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      SECTION 9.03        No Waiver; Remedies.  No failure on the part of the Administrative Agent, any Issuing Lender or any Lender to exercise, and no delay by any such Person in exercising, any right,
          remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
          remedy, power or privilege.  The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any remedies provided by law.

       

      SECTION 9.04          Set-off.

       

      (a)          If an Event of Default with respect to a Borrower
          shall have occurred and be continuing, the Administrative Agent, each Lender, each Issuing Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by Applicable Law,
          to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by the Administrative Agent, such Lender,
          such Issuing Lender or any such Affiliate to or for the credit or the account of such Borrower against any and all of the obligations of such Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender or
          such Issuing Lender, irrespective of whether or not such Lender or  such Issuing Lender shall have made any demand under this Agreement or any other Loan Document and although such obligations of such Borrower may be contingent or unmatured or
          are owed to a branch or office of such Lender or such Issuing Lender different from the branch or office holding such deposit or obligated on such indebtedness.  The rights of each Lender, each Issuing Lender and their respective Affiliates under
          this Section are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent, such Lender, such Issuing Lender or their respective Affiliates may have; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (i) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in
          accordance with the provisions of Section 3.07 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of
          the Administrative Agent, the Issuing Lender, and the Lenders, and (ii) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to
          which it exercised such right of setoff.  The rights of each Lender, each Issuing Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the
          Issuing Lender or their respective Affiliates may have.  Each Lender and each Issuing Lender agrees to notify the applicable Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application.

       

      If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on
        any of its Loans or other obligations hereunder resulting in such Lender receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such obligations greater than its pro rata share thereof as
        provided herein, then the Lender receiving such greater proportion shall (i) notify the Administrative Agent of such fact, and (ii) purchase (for cash at face value) participations in the Loans and such other obligations of the other Lenders, or
        make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other
        amounts owing them; provided that:

       

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

       

      (ii)        the provisions of this paragraph
          shall not be construed to apply to (A) any payment made by any Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), or (B) any
          payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in L/C Obligations to any assignee or participant, other than to such Borrower or any Subsidiary thereof (as to
          which the provisions of this paragraph shall apply).

       

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

       

      SECTION 9.05          Indemnification; Exculpation and Consequential Damages.

       

      (a)          Each Borrower shall, severally and not jointly,
          indemnify the Administrative Agent (and any sub-agent thereof), Arrangers, each Lender and the each Issuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claims (including, without limitation, any Environmental Claims or civil penalties or
          fines assessed by OFAC), damages, liabilities and related reasonable out-of-pocket expenses (and shall pay or reimburse any such Indemnitee for including the fees, charges and disbursements of any counsel for any Indemnitee but limited to one
          counsel to all Indemnitees (taken as a whole) and, if reasonably necessary, a single local counsel for all Indemnitees (taken as a whole) in each relevant jurisdiction, and solely in the case of an actual or perceived conflict of interest, one
          additional counsel in each relevant jurisdiction to all affected Indemnitees similarly situated and taken as a whole), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by such Borrower arising out of, in
          connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby by such Borrower, the performance by such Borrower and the other parties
          hereto (other than the other Borrowers) of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan to such Borrower or Letter of Credit for such Borrower or any of
          its Subsidiaries as provided in Article III or the use or proposed use of the proceeds therefrom (including any refusal by the any Issuing Lender to honor a demand for payment under a
          Letter of Credit issued by such Issuing Lender if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or Release of Hazardous Materials on or
          from any property owned or operated by such Borrower or any Subsidiary thereof, or any Environmental Claim related in any way to such Borrower or any Subsidiary thereof, (iv) any actual or prospective claim, litigation, investigation or
          proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by such Borrower or any Subsidiary thereof, and regardless of whether any Indemnitee is a party thereto, or (v)
          any claim (including, without limitation, any Environmental Claims or civil penalties or fines assessed by the U.S. Department of the Treasury’s Office of Foreign Assets Control), investigation, litigation or other proceeding (whether or not the
          Administrative Agent or any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans to such Borrower, this Agreement, any other Loan Document, or any documents contemplated by or
          referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, in each case to the extent of such Borrower’s Applicable Share (unless attributable to a
          specific Borrower, in which case such Borrower shall be solely liable), provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
          claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence or willful misconduct of such Indemnitee or any of its Related
          Parties that is directly involved in the transactions contemplated by this Agreement, (y) a material breach of the obligations of such Indemnitee under this Agreement or (z) any dispute solely among Indemnitees (other than any claims against an
          Indemnitee in its capacity or in fulfilling its role as an arranger or agent or any similar role under this Agreement or otherwise in connection with the credit facility provided hereunder) that does not arise out of any act or omission of any
          Borrower or any Related Party thereof.  Notwithstanding the foregoing, each Indemnitee shall be obligated to refund and return any and all amounts paid by the Borrowers to such Indemnitee for fees, expenses or damages to the extent it is
          ultimately determined by a court of competent jurisdiction by final and nonappealable judgment that such Indemnitee is not entitled to payment of such amounts in accordance with the terms hereof.

       

      
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      (b)        To the extent that a Borrower for any reason fails to
          indefeasibly pay any amount required under this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any Issuing Lender, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees
          to pay to the Administrative Agent (or any such sub-agent), such Issuing Lender, the Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or
          indemnity payment is sought based on each Lender’s Commitment Percentage at such time, or if the Aggregate Commitments have been reduced to zero, then based on such Lender’s Commitment Percentage immediately prior to such reduction) of such
          unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender); provided that the unreimbursed expense or indemnified loss, claim, damage,
          liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), such Issuing Lender or the Swingline Lender in its capacity as such, or against any Related Party of any of
          the foregoing acting for the Administrative Agent (or any such sub-agent), such Issuing Lender or the Swingline Lender in connection with such capacity.  The obligations of the Lenders under this paragraph are subject to the provisions of Section 2.16.

       

      (c)         To the fullest extent permitted by applicable law,
          no Borrower shall assert, and each Borrower hereby waives, any claim against the Administrative Agent (and any sub-agent thereof), any Lender and any Issuing Lender, or any Related Party of any of the foregoing Persons (each such Person being
          called a “Lender Party”) on any theory of liability for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with,
          or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.  No Lender Party
          shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this
          Agreement or the other Loan Documents or the transactions contemplated hereby or thereby.  In addition, and without limitation of the indemnity provided in this Section, the Administrative Agent and each Lender agree not to assert any claim
          against any Borrower on any theory of liability for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or
          any agreement or instrument contemplated hereby, or the transactions contemplated hereby or thereby.

       

      
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      (d)          All amounts due under this Section 9.05 shall be payable promptly after demand therefor.  Nothing in this Section 9.05 is intended to limit any Borrower’s
          obligations contained in Article II.  Without prejudice to the survival of any other obligation of any Borrower hereunder, the indemnities and obligations of the Borrowers contained in
          this Section 9.05 shall survive the payment in full of amounts payable pursuant to Article II and Article III and the termination of the Commitments.

       

      SECTION 9.06          Liability of the Lenders.

       

      Each Borrower assumes all risks of the acts or omissions of each beneficiary or transferee of the Letters of Credit issued for its account with
        respect to their use of such Letters of Credit.  None of the Issuing Lenders, the Administrative Agent, the Lenders nor any of their respective officers or directors shall be liable or responsible for:  (a) the use which may be made of any Letter
        of Credit or any acts or omissions of each beneficiary or transferee in connection therewith; (b) the validity, sufficiency or genuineness of documents, or of any endorsement thereon, even if such documents should prove to be in any or all respects
        invalid, insufficient, fraudulent or forged; (c) payment by any Issuing Lender against presentation of documents which do not comply with the terms of any Letter of Credit issued by it, including failure of any documents to bear any reference or
        adequate reference to any such Letter of Credit; or (d) any other circumstances whatsoever in making or failing to make payment under the Letters of Credit, except that the applicable Borrower shall have a claim against the applicable Issuing
        Lender and such Issuing Lender shall be liable to such Borrower, to the extent of any direct, as opposed to consequential, damages suffered by such Borrower which such Borrower proves were caused by (i) such Issuing Lender’s willful misconduct or
        gross negligence in determining whether documents presented under any Letter of Credit issued by it for the account of such Borrower are genuine or comply with the terms of such Letter of Credit or (ii) the Issuing Lender’s willful or grossly
        negligent failure, as determined by a court of competent jurisdiction, to make lawful payment under the Letters of Credit issued for the account of such Borrower after the presentation to it of a certificate strictly complying with the terms and
        conditions of such Letters of Credit.  In furtherance and not in limitation of the foregoing, the Issuing Lender may accept original or electronic mail certificates presented under the Letters of Credit that appear on their face to be in order,
        without responsibility for further investigation, regardless of any notice or information to the contrary.

       

      
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      SECTION 9.07         Costs, Expenses and Taxes.  Each Borrower, severally but not jointly, agrees to pay on demand its Applicable Share (unless such cost or expense is attributable to a specific
          Borrower, in which case such Borrower shall be solely liable for such amount) of (i) all reasonable out of pocket expenses incurred by the Administrative Agent and the Lenders (including, without limitation, reasonable fees and expenses of
          counsel thereto but limited to one counsel to the Administrative Agent and the Lenders (taken as a whole) and, if reasonably necessary, a single local counsel for the Administrative Agent and Lenders (taken as a whole) in each relevant
          jurisdiction), in connection with the syndication of the credit facility provided hereunder, the preparation, negotiation, execution, delivery and administration of this
          Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out of pocket
          expenses incurred by any Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out of pocket expenses incurred by the Administrative Agent, any
          Lender or any Issuing Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or any Issuing Lender), in connection with the enforcement or protection of its rights (A) in connection with this
          Agreement and the other Loan Documents, including its rights under this Section 9.07, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such
          out of pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.  In addition, each Borrower shall pay its Applicable Share (unless such cost or expense is attributable to a specific
          Borrower, in which case such Borrower shall be solely liable for such amount) of any and all stamp and other taxes and fees payable or determined to be payable in connection with the execution, delivery, filing and recording of this Agreement,
          the Letters of Credit, the Loans, the other Extensions of Credit or any of such other documents, and agree to save the Issuing Lender, the Administrative Agent and the Lenders harmless from and against any and all liabilities with respect to or
          resulting from any delay in paying or omission to pay such taxes and fees.  Without prejudice to the survival of any other agreement of any Borrower hereunder, the agreements and obligations of the Borrowers, the Administrative Agent, the Lenders
          and the Issuing Lender contained in this Section shall survive the payment in full of the Obligations and the termination of the Commitments.

       

      To the extent that any Borrower for any reason fails to indefeasibly pay any amount required under this Section to be paid by it to the
        Administrative Agent (or any sub-agent thereof), any Issuing Lender, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such Issuing Lender,
        the Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense payment is sought based on each Lender’s Commitment Percentage at such time, or if the
        Aggregate Commitments have been reduced to zero, then based on such Lender’s Commitment Percentage immediately prior to such reduction) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender); provided
        that the unreimbursed expense was incurred by or asserted against the Administrative Agent (or any such sub-agent), such Issuing Lender or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting for
        the Administrative Agent (or any such sub-agent), such Issuing Lender or the Swingline Lender in connection with such capacity.  The obligations of the Lenders under this paragraph are subject to the provisions of Section 2.16.

       

      
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      SECTION 9.08          [Reserved].

       

      SECTION 9.09          Benefit of Agreement.

       

      (a)         Successors

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

       

      (b)          Assignments by Lenders.  Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the
          time owing to it); provided that any such assignment shall be subject to the following conditions:

       

      (i)          Minimum Amounts.

       

      (A)        in the case of an assignment of
          the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or contemporaneous assignments to related Approved Funds (determined after giving effect to such assignments) that equal at least the amount
          specified in paragraph (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

       

      (B)         in any case not described in
          paragraph (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of
          the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and
          Assumption, as of the Trade Date) shall not be less than $5,000,000, unless each of the Administrative Agent and, so long as no Event of Default with respect to such Borrower has occurred and is continuing, each Borrower otherwise consents (each
          such consent not to be unreasonably withheld or delayed); provided that each Borrower shall be deemed to have given its consent ten (10) Business Days after the date written notice thereof has been delivered by the assigning Lender (through the
          Administrative Agent) unless such consent is expressly refused by such Borrower prior to such tenth (10th) Business Day;

       

      
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      (ii)        Proportionate Amounts.  Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the
          Commitment assigned;

       

      (iii)        Required Consents.  No consent shall be required for any assignment except to the extent required by paragraph (b)(i)(B) of this Section and, in addition:

       

      (A)         the consent of each Borrower
          (such consent not to be unreasonably withheld) shall be required unless (x) an Event of Default with respect to such Borrower has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a
          Lender or an Approved Fund; provided, that each Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received
          notice thereof;

       

      (B)        the consent of the Administrative
          Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments if such assignment is to a Person that is not a Lender with a Commitment, an Affiliate of such Lender or an Approved Fund with respect to such
          Lender; and

       

      (C)          the consents of the Issuing
          Lenders and the Swingline Lender (such consent not to be unreasonably withheld or delayed) shall be required for any assignment.

       

      (iv)        Assignment and Assumption.  The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 for each
          assignment (provided, that (A) only one such fee will be payable in connection with simultaneous assignments to two or more Approved Funds by a Lender and (B) the Administrative Agent may, in its sole discretion, elect to waive such processing
          and recordation fee in the case of any assignment), and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an administrative questionnaire.

       

      (v)         No Assignment to Certain Persons.  No such assignment shall be made to (A) any Borrower or any of their respective Affiliates or Subsidiaries or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person
          who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B).

       

      
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      (vi)        No Assignment to Natural Persons.  No such assignment shall be made to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person).

       

      (vii)      In connection with any assignment
          of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments
          to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including
          funding, with the consent of the Borrowers and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably
          consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, each Issuing Lender, the Swingline Lender and each other Lender hereunder (and interest accrued thereon), and (y)
          acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Commitment Percentage.  Notwithstanding the foregoing, in the event that any assignment of
          rights and obligations of any Defaulting Lender hereunder shall become effective under Applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all
          purposes of this Agreement until such compliance occurs.

       

      Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each
        Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning
        Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights
        and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.12, 2.14, 2.17, 2.21, 9.05 and 9.07 with respect to
        facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender
        will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.  Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this
        paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (d) of this Section (other than a purported assignment to a Person specified in
        paragraph (b)(vi) of this Section or any Borrower or any of their respective Subsidiaries or Affiliates, which shall be null and void).

       

      
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      (c)          Register. 

          The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at one of its offices in Charlotte, North Carolina, a copy of each Assignment and Assumption delivered to it and a register for the
          recordation of the names and addresses of the Lenders, and the Commitment of, and principal amounts of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). 

          The entries in the Register shall be conclusive, absent manifest error, and the Borrowers, the Administrative Agent, the Issuing Lenders 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 Borrowers and any Lender (but only to the extent of entries in the Register that are applicable
          to such Lender), at any reasonable time and from time to time upon reasonable prior notice.

       

      (d)          Participations. 

          Any Lender may at any time, without the consent of, or notice to, the Borrowers or the Administrative Agent, sell participations to any Person (other than a natural Person, a holding company, investment vehicle or trust for, or owned and operated
          for the primary benefit of, a natural Person, or any Borrower or any Affiliates or Subsidiaries of a Borrower) (each, a “Participant”) in all or a portion of such Lender’s rights and/or
          obligations under this Agreement (including all or a portion of its Commitment and/or the Loans 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 Borrowers, the Administrative Agent, Issuing Lenders, Swingline Lender 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.  For the avoidance of doubt, each Lender shall be responsible for the indemnity under Sections 9.05 and 9.07 with respect to any payments made by such Lender to its Participant(s).

       

      Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to
        enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any
        amendment, modification or waiver or modification described in Section 9.01 that directly affects such Participant and could not be effected by a vote of the Required Lenders.  Subject to paragraph (e) of this Section, each Borrower agrees
        that each Participant shall be entitled to the benefits of Sections 2.12, 2.17 and 2.21 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section.  To the
        extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.04 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.16 as though it were a Lender.

       

      Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which
        it enters the name and address of each Participant and the principal amounts of (and stated interest on) each Participant’s interest in the Loans or other Obligations under the Loan Documents (the “Participant Register”); provided that no
        Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other
        obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United
        States Treasury Regulations.  The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all
        purposes of this Agreement notwithstanding any notice to the contrary.  For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

       

      
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      (e)          Limitations

              upon Participant Rights.  A Participant shall not be entitled to receive any greater payment under Sections 2.17 and 2.21
          than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with each Borrower’s prior written consent.  No
          Participant shall be entitled to the benefits of Section 2.17 unless the Borrowers are notified of the participation sold to such Participant and such Participant agrees, for the
          benefit of the Borrowers, to comply with Section 2.17 as though it were a Lender.

       

      (f)          Certain

              Pledges.  Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including without limitation any pledge or assignment to
          secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any
          such pledgee or assignee for such Lender as a party hereto.

       

      SECTION 9.10         Severability.  Any provision of this Agreement which is prohibited, unenforceable or not authorized in any jurisdiction shall, as to such jurisdiction, be ineffective to the
          extent of such prohibition, unenforceability or non-authorization without invalidating the remaining provisions hereof or affecting the validity, enforceability or legality of such provision in any other jurisdiction.

       

      SECTION 9.11          Governing Law.  This agreement shall be governed by, and construed in accordance with, the laws of the
          state of New York.

       

      SECTION 9.12          Headings.  Section headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose.

       

      SECTION 9.13          Submission To Jurisdiction; Waivers.  Each Borrower hereby irrevocably and unconditionally:

       

      (a)         agrees that it will not commence any action,
          litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any Lender, any Issuing Lender, the Swingline Lender, or any Related Party of the
          foregoing in any way relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than Courts of the State of New York, the courts of the United States of America for the Southern
          District of New York, and appellate courts from any thereof, and submits to the jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such State court or, to
          the fullest extent permitted by Applicable Law, in such federal court;

       

      
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      (b)          consents that any such action or proceeding may be
          brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or
          claim the same;

       

      (c)          agrees that service of process in any such action
          or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Borrower at its address set forth in Section

              9.02 or at such other address of which the Administrative Agent shall have been notified pursuant thereto; and

       

      (d)          agrees that nothing herein shall affect the right
          to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction.

       

      This Section 9.13 shall not be construed to confer a benefit upon, or grant a right or privilege to, any Person other than the parties hereto.

       

      SECTION 9.14          Acknowledgments.  Each Borrower hereby acknowledges:

       

      (a)          it has been advised by counsel in the negotiation,
          execution and delivery of this Agreement and other Loan Documents;

       

      (b)         neither the Administrative Agent, the Issuing
          Lenders nor any Lender has a fiduciary relationship to such Borrower, and the relationship between the Administrative Agent, the Issuing Lender and any Lender, on the one hand, and such Borrower on the other hand, is solely that of debtor and
          creditor; and

       

      (c)          no joint venture exists between such Borrower and
          the Administrative Agent, the Issuing Lender or any Lender.

       

      SECTION 9.15     Waivers of Jury Trial.  TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE BORROWERS, THE ADMINISTRATIVE AGENT, THE ISSUING LENDERS AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY
          WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.  THIS SECTION 9.15 SHALL NOT BE CONSTRUED
          TO CONFER A BENEFIT UPON, OR GRANT A RIGHT OR PRIVILEGE TO, ANY PERSON OTHER THAN THE PARTIES HERETO.

       

      
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      SECTION 9.16          Confidentiality.  Each of the Administrative Agent, the Lenders and the Issuing Lenders agree to maintain the confidentiality of the Information (as defined below) with respect
          to each Borrower and use it only for purposes of this Agreement, the Loan Documents and the transactions contemplated hereby and thereby, or for any other reason relating to this Agreement, except that Information with respect to any Borrower may
          be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and other representatives for the purpose of evaluating, negotiating or entering into transactions
          contemplated hereby (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by, or
          required to be disclosed to, any rating agency, or regulatory or similar authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent
          required by Applicable Laws or regulations or by any subpoena or any legal, judicial, administrative or other compulsory process, (d) to any other party hereto, (e) in connection with the exercise of any remedies under this Agreement or under any
          other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this
          Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, or (ii) any actual or prospective counterparty (or its Related Parties) to any swap
          derivative or other transaction under which payments are to be made by reference to such Borrower and its obligations, this Agreement or payments hereunder, (g) with the consent of such Borrower, (h) to Thomson Reuters, other bank market data
          collectors and other similar bank trade publications, such information to consist of deal terms and other information customarily found in such publications, or (i) to the extent such Information (x) becomes publicly available other than as a
          result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender, any Issuing Lender or any of their respective Affiliates on a nonconfidential basis from a source other than such Borrower and such source is not
          known by the Person receiving such Information to be in violation of this Section 9.16 or (j) to governmental regulatory authorities in connection with any regulatory examination of the
          Administrative Agent or any Lender or in accordance with the Administrative Agent’s or any Lender’s regulatory compliance policy if the Administrative Agent or such Lender deems necessary for the mitigation of claims by those authorities against
          the Administrative Agent or such Lender or any of its subsidiaries or affiliate or (k) on a confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to this
          Agreement.  For purposes of this Section, “Information” means all information received from or on behalf of any Borrower or any Subsidiary thereof relating to such Borrower or any
          Subsidiary thereof or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the Issuing Lender on a nonconfidential basis without breach of this Section 9.16 prior to disclosure by such Borrower or any Subsidiary thereof; provided that, in the case of information received from
          such Borrower or any Subsidiary thereof after the date hereof, such information is clearly identified at the time of delivery as confidential.  Any Person required to maintain the confidentiality of Information as provided in this Section shall
          be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.  Each of the
          Administrative Agent, the Issuing Lender, the Lenders and Participants shall promptly notify the applicable Borrower of its receipt of any subpoena or similar process or authority, unless prohibited therefrom by the issuing Person.  The
          confidentiality obligations applicable to the Administrative Agent, the Lenders and the Issuing Lenders in this Section 9.16 shall supersede any confidentiality obligations applicable
          to such parties in the Commitment Letter dated August 5, 2021 between the Borrowers and the Commitment Parties (as defined therein).

       

      
        116

        
          

      

      SECTION 9.17          Counterparts; Integration; Effectiveness; Electronic Execution.  This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each
          of which shall constitute an original, but all of which when taken together shall constitute a single contract.  This Agreement and the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative
          Agent, the any Issuing Lender, the Swingline Lender and/or any Arranger, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written,
          relating to the subject matter hereof.  Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when
          the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto.  Delivery of an executed counterpart of a signature page of this Agreement in electronic (i.e.,
          “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Agreement.

       

      The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic
        signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the
        extent and as provided for in any Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform
        Electronic Transactions Act.

       

      SECTION 9.18          Reversal of Payments.  To the extent any Borrower makes a payment or payments to the Administrative Agent for the ratable benefit of the Lenders or the Administrative Agent
          receives any payment or proceeds of any collateral which payments or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other
          party under any Debtor Relief Law, other Applicable Law or equitable cause, then, to the extent of such payment or proceeds repaid, the Obligations of such Borrower or part thereof intended to be satisfied shall be revived and continued in full
          force and effect as if such payment or proceeds had not been received by the Administrative Agent.

       

      SECTION 9.19          No Advisory or Fiduciary Responsibility.

       

      (a)          In connection with all aspects of each transaction
          contemplated hereby, each Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that (i) the credit facility provided for hereunder and any related arranging or other services in connection therewith (including in
          connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between such Borrower, on the one hand, and the Administrative Agent, the Arrangers, the Lenders, and the
          Issuing Lenders on the other hand, and such Borrower is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any
          amendment, waiver or other modification hereof or thereof), (ii) in connection with the process leading to such transaction, each of the Administrative Agent, the Arrangers, the Lenders, and the Issuing Lenders is and has been acting solely as a
          principal and is not the financial advisor, agent or fiduciary, for such Borrower or any of its Affiliates, stockholders, creditors or employees or any other Person, (iii) none of the Administrative Agent, the Arrangers, the Lenders, or the
          Issuing Lenders has assumed or will assume an advisory, agency or fiduciary responsibility in favor of such Borrower with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any
          amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether any Arranger, Lender, or Issuing Lender has advised or is currently advising such Borrower or any of its Affiliates on other matters) and none
          of the Administrative Agent, the Arrangers, the Lenders, or the Issuing Lenders has any obligation to such Borrower or any of its Affiliates with respect to the financing transactions contemplated hereby except those obligations expressly set
          forth herein and in the other Loan Documents, (iv) the Administrative Agent, the Arrangers, the Lenders, and the Issuing Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ
          from, and may conflict with, those of such Borrower and its Affiliates, and none of the Administrative Agent, the Arrangers, the Lenders or the Issuing Lenders has any obligation to disclose any of such interests by virtue of any advisory, agency
          or fiduciary relationship and (v) the Administrative Agent, the Arrangers, the Lenders, and the Issuing Lenders have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions
          contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and such Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate.

       

      
        117

        
          

      

      (b)          Each Borrower acknowledges and agrees that each
          Lender, the Arrangers and any Affiliate thereof may lend money to, invest in, and generally engage in any kind of business with, such Borrower or any of its Affiliates or any other person or entity that may do business with or own securities of
          any of the foregoing, all as if such Lender, Arranger or Affiliate thereof were not a Lender or Arranger or an Affiliate thereof (or an agent or any other person with any similar role under this Agreement) and without any duty to account therefor
          to any other Lender, the Arrangers, any Borrower or any Affiliate of the foregoing.  Each Lender, the Arrangers and any Affiliate thereof may accept fees and other consideration from any Borrower or any Affiliate thereof for services in
          connection with this Agreement or otherwise without having to account for the same to any other Lender, the Arrangers, any Borrower or any Affiliate of the foregoing.

       

      SECTION 9.20          Acknowledgment and Consent to Bail-In of Affected Financial Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement
          or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and
          Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

       

      (a)          the application of any Write-Down and Conversion
          Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

       

      (b)          the effects of any Bail-In Action on any such
          liability, including, if applicable:

       

      (i)          a reduction in full or in part
          or cancellation of any such liability;

       

      (ii)         a conversion of all, or a
          portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other
          instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

       

      
        118

        
          

      

      (iii)        the variation of the terms of
          such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

       

      SECTION 9.21          Acknowledgement Regarding Any Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee or otherwise,
          for Hedge Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and, each such QFC, a “Supported

              QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the FDIC under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together
          with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
          notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

       

      (a)          In the event a Covered Entity that is party to a
          Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit
          Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent
          as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of
          the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported
          QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the
          Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in
          no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

       

      (b)          As used in this Section 9.21, the following terms have the following meanings:

       

      “BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12
        U.S.C. 1841(k)) of such party.

       

      “Covered Entity” means any of the following:

       

      (i)            a “covered entity” as that
          term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

       

      (ii)           a “covered bank” as that term
          is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

       

      (iii)          a “covered FSI” as that term
          is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

       

      “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§
        252.81, 47.2 or 382.1, as applicable.

       

      “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with,
        12 U.S.C. 5390(c)(8)(D).

       

      [SIGNATURE PAGES FOLLOW]

       

      
        119

        
          

      

      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.

       

      
        	
                 

              	
                SOUTH JERSEY INDUSTRIES, INC.

              
	 	 

        	 	By:	/s/ Steven R. Cocchi

        	 	 	Name:

              	Steven R. Cocchi
	 	 	
                Title:

                

              	Senior Vice President and Chief Financial Officer

      

       

        

      
        	
                 

              	
                SOUTH JERSEY GAS COMPANY

              
	 	 

      

      
        	 	By:	/s/ Steven R. Cocchi

      

      
        	 	 	Name:

              	Steven R. Cocchi
	 	 	
                Title:

                

              	Chief Financial Officer

      

      

        
        
          	
                   

                	
                  ELIZABETHTOWN GAS COMPANY

                
	 	 

        

        
          	 	By:	/s/ Steven R. Cocchi

        

      

      
        
          	 	 	Name:

                	Steven R. Cocchi
	 	 	
                  Title:

                  

                	Chief Financial Officer

        

      

      
         

          

        Signature Page to Credit Agreement

      

      

      
      
        
          

      

      
        	
                 

              	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	
                as Administrative Agent, an Issuing Lender, as Swingline Lender and as a Lender

              
	 	 

      

      
        
          	 	By:	/s/ Jesse Tannuzzo	 

        

      

      
        
          
            	 	 	Name:

                  	Jesse Tannuzzo
	 	 	
                    Title:

                    

                  	Director

          

        

        

        
        Signature Page to Credit Agreement

         

          

      

      
        
          

      

      
        
          	
                   

                	
                  JPMORGAN CHASE BANK, N.A.,

                
	 	
                  
                    as an Issuing Lender and as a Lender

                  

                
	 	 

        

      

      
        
          
            	 	By:	/s/ Nancy R. Barwig

          

        

      

      
        
          
            	 	 	Name:

                  	Nancy R. Barwig
	 	 	
                    Title:

                    

                  	Executive Director

          

        

      

      
         

          

        Signature Page to Credit Agreement

         

          

        
          
            
              
                
                  

              

              	
                       

                    	
                      BANK OF AMERICA, N.A.,

                    
	 	
                      
                        as an Issuing Lender and as a Lender

                      

                    
	 	 

              
                
                  
                    
                      	 	By:	/s/ Richard R. Powell

                    

                  

                

              

              
                
                  
                    
                      	 	 	Name:

                            	Richard R. Powell
	 	 	
                              Title:

                              

                            	Senior Vice President

                    

                  

                

              

              
                 

                  

                Signature Page to Credit Agreement

                 

                

                 
                
                  
                    

                

                
                  	
                           

                        	
                          CITIZENS BANK, N.A.,

                        
	 	
                          
                            as an Issuing Lender and as a Lender

                          

                        

                

              

            

          

        

      

      
        
          
            
              
                	 	 	 
	 	By:	/s/ William J. O’Meara

              

            

          

          
            
              
                
                  	 	 	Name:

                        	William J. O’Meara
	 	 	
                          Title:

                          

                        	Senior Vice President

                  
                     

                      Signature Page to Credit Agreement

                       

                      

                    

                    
                    
                      
                        

                    

                    
                      
                        	
                                 

                              	
                                PNC BANK, NATIONAL ASSOCIATION,

                              
	 	
                                
                                  as an Issuing Lender and as a Lender

                                

                              
	 	 

                        
                          
                            
                              
                                	 	By:	/s/ Alex Rolfe

                                        

                              

                            

                          

                        

                        
                          	 	 	Name:

                                	Alex Rolfe
	 	 	
                                  Title:

                                  

                                	Vice President

                           

                          

                           Signature Page to Credit Agreement

                           

                            
                              
                                

                            

                            	
                                     

                                  	
                                    KEYBANK NATIONAL ASSOCIATION,

                                  
	 	
                                    
                                      as a Lender

                                    

                                  
	 	

                                  

                            
                              
                                
                                  
                                    
                                      	 	By:	Renee M.
                                                  Bonnell

                                    

                                  

                                

                              

                            

                          

                          	 	 	Name:

                                	Renee M. Bonnell
	 	 	
                                  Title:

                                  

                                	Senior Vice President

                        

                        

                        Signature Page to Credit Agreement

                         

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          

      

      	
               

            	
              TD BANK, N.A.,

            
	 	
              
                as a Lender

              

            
	 	 

       
        
          
            
              
                
                  	 	By:	/s/ Bernadette Collins

                          

                

              

            

          

        

      

      	 	 	Name:

            	Bernadette Collins
	 	 	
              Title:

              

            	Senior Vice President

      

        Signature Page to Credit Agreement

         

        

        
          
            
              

          

          	
                   

                	
                  THE HUNTINGTON NATIONAL BANK,

                
	 	
                  
                    as a Lender

                  

                
	 	

                

          
            
              
                
                  
                    
                      	 	By:	/s/ Thomas E. Redmond

                    

                  

                

              

            

          

          
            	 	 	Name:

                  	Thomas E. Redmond
	 	 	
                    Title:

                    

                  	Managing Director

            
              
                

                  Signature Page to Credit Agreement

                

                 

                  

                
                  
                    

                

                	
                         

                      	
                        MANUFACTURERS AND TRADERS TRUST COMPANY,

                      
	 	
                        
                          as a Lender

                        

                      
	 	

                      

                
                  
                    
                      
                        
                          
                            
                              	 	By:	/s/ Brooks W.
                                          Thropp

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        	 	 	Name:

              	Brooks W. Thropp
	 	 	
                Title:

                

              	Administrative Vice President

      

       

      

      Signature Page to Credit AgreementEX-4.1

 Exhibit 4.1 

INCORPORATED UNDER THE LAWS OF THE 

STATE OF MARYLAND 
  

			
	NUMBER	  	SHARES
	**        **	  	**        **
		  	[CUSIP]
		  	SEE REVERSE FOR IMPORTANT NOTICE ON TRANSFER
		  	RESTRICTIONS AND OTHER INFORMATION

 INPOINT COMMERCIAL REAL ESTATE INCOME, INC. 

a Corporation 
 Incorporated Under
the Laws of the State of Maryland 
 THIS CERTIFIES THAT
**                ** is the registered owner of
**                (                
)** fully paid and non-assessable shares of [                ]% Series A Cumulative Redeemable
Preferred Stock, par value $0.001 per share (“Series A Preferred Stock”), of 
 InPoint Commercial Real Estate Income, Inc.

 (the “Corporation”), transferable on the books of the Corporation by the holder hereof in person or by its duly authorized attorney upon
surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby are issued and shall be held subject to all of the provisions of the Charter and Bylaws of the Corporation and any amendments or supplements thereto.
This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. 
 IN WITNESS WHEREOF, the Corporation has caused
this Certificate to be executed on its behalf by its duly authorized officers and its seal to be hereunder affixed this                  day
of                 , 20    . 
  

					
	Countersigned and Registered:	 		  	 (Seal)

	Transfer Agent and Registrar	 	                        	  	President
			
	  
 Authorized Signature
	 		  	  
 Secretary

 IMPORTANT NOTICE 

CLASSES OF STOCK 
 The Corporation is
authorized to issue stock of more than one class or series, consisting of one or more classes or series of common stock and preferred stock. The Board of Directors is authorized to determine the preferences, conversion and other rights, voting
powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption of any class or series of preferred stock before the issuance of such class or series of preferred stock. The
Corporation will furnish to any stockholder, on request and without charge, a full statement of the information required by Section 2-211(b) of the Corporations and Associations Article of the Annotated
Code of Maryland with respect to the designations and any preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption of the stock
of each class which the Corporation is authorized to issue and, if the Corporation is authorized to issue any preferred or special class in series, (i) the differences in the relative rights and preferences between the shares of each series to
the extent they have been set, and (ii) the authority of the Board of Directors to set relative rights and preferences of subsequent series. Such request must be made to the Secretary of the Corporation at its principal office or to the
Transfer Agent. 
 RESTRICTIONS ON OWNERSHIP AND TRANSFER 

The shares represented by this certificate are subject to restrictions on Beneficial Ownership and Constructive Ownership and Transfer for the purpose, among
others, of the Corporation’s maintenance of its status as a real estate investment trust under the Internal Revenue Code of 1986, as amended (the “Code”). Subject to certain further restrictions and except as expressly provided in the
Corporation’s charter, (i) no Person may Beneficially Own or Constructively Own Shares in excess of the Common Share Ownership Limit, unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be applicable);
(ii) no Person may Beneficially Own or Constructively Own Shares in excess of the Aggregate Share Ownership Limit, unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be applicable); (iii) no Person may
Beneficially Own or Constructively Own Shares that would result in the Corporation being “closely held” under Section 856(h) of the Code or otherwise cause the Corporation to fail to qualify as a REIT; and (iv) any Transfer of
Shares that, if effective, would result in the Shares being beneficially owned by fewer than 100 Persons (as determined under the principles of Section 856(a)(5) of the Code) shall be void ab initio, and the intended transferee shall acquire no
rights in such Shares. Any Person who Beneficially Owns or Constructively Owns or attempts or intends to Beneficially Own or Constructively Own Shares which cause or will cause a Person to Beneficially Own or Constructively Own Shares in excess or
in violation of the above limitations must immediately notify the Corporation in writing (or, in the case of any attempted transaction, give at least 15 days prior written notice). If any of the restrictions on transfer or ownership provided in (i),
(ii) or (iii) above are violated, the Shares in excess or in violation of the above limitations will be automatically transferred to a Charitable Trust for the benefit of a Charitable Beneficiary. In addition, the Corporation may redeem Shares
upon the terms and conditions specified by the Board of Directors in its sole discretion if the Board of Directors determines that ownership or a Transfer or other event may violate the restrictions described above. Furthermore, upon the occurrence
of certain events, attempted Transfers in violation of the restrictions described in (i), (ii) or (iii) above may be void ab initio. All capitalized terms in this legend have the meanings given to them in the charter of the Corporation, as the
same may be amended from time to time, a copy of which, including the restrictions on transfer and ownership, will be furnished to each holder of Shares on request and without charge. Requests for such a copy may be directed to the Secretary of the
Corporation at its principal office. 

 KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN 

OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A 

CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE. 

The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations: 
  

					
	TEN COM –	  	as tenants in common	  	UNIF GIFT MIN ACT - Custodian
	TEN ENT -	  	as tenants by the entireties	  	Minor) under Uniform Gifts to Minors Act of (State)
	JT TEN -	  	as joint tenants with right of survivorship	  	
		  	and not as tenants in common	  	Additional abbreviations may also be used though not in the above list.

 FOR VALUE RECEIVED,
                HEREBY SELLS, ASSIGNS AND TRANSFERS UNTO 
  

	
	  

(PLEASE INSERT NAME AND ADDRESS OF ASSIGNEE, INCLUDING ZIP CODE)

	
	
	  

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE)

                 
(                 ) Shares of Series A Preferred Stock of the Corporation represented by this Certificate, and does hereby irrevocably
constitute and appoint attorney                  to transfer the said shares on the books of the Corporation, with full power of substitution
in the premises. 
  

					
	  
 Date
	 		  	  
 Signature

  

			
	NOTICE:	  	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER.

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