Document:

EX-10.2

Exhibit 10.2

CUSIP Number: Deal # 45865UAJ1

Revolving Loans CUSIP # 45865UAK8

 

 

CREDIT AGREEMENT

among

INTERCONTINENTALEXCHANGE, INC.,

and

ICE US TRUST LLC

as Borrowers,

THE LENDERS NAMED HEREIN,

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent,

BANK OF AMERICA, N.A.,

as Syndication Agent,

and

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH,

and

SOCIETE GENERALE,

as Documentation Agents

$300,000,000 Senior Revolving Credit Facility

WACHOVIA CAPITAL MARKETS, LLC

and

BANC OF AMERICA SECURITIES LLC

Joint Lead Arrangers and Joint Book Runners

Dated as of April 9, 2009

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 	 	 
	 	 	 	 
	ARTICLE I

	 	 	 
	 	 	 	 
	DEFINITIONS

	 	 	 
	 	 	 	 
	1.1	 	Defined Terms
	 	 	1	 
	1.2	 	Accounting Terms
	 	 	20	 
	1.3	 	Other Terms; Construction
	 	 	21	 
	 	 	 
	 	 	 	 
	ARTICLE II

	 	 	 
	 	 	 	 
	AMOUNT AND TERMS OF THE LOANS

	 	 	 
	 	 	 	 
	2.1	 	Commitments
	 	 	22	 
	2.2	 	Borrowings
	 	 	22	 
	2.3	 	Disbursements; Funding Reliance; Domicile of Loans
	 	 	23	 
	2.4	 	Evidence of Debt; Notes
	 	 	24	 
	2.5	 	Termination and Reduction of Commitments
	 	 	25	 
	2.6	 	Mandatory Payments
	 	 	25	 
	2.7	 	Voluntary Prepayments
	 	 	26	 
	2.8	 	Interest
	 	 	26	 
	2.9	 	Fees
	 	 	28	 
	2.10	 	Interest Periods
	 	 	28	 
	2.11	 	Conversions and Continuations
	 	 	29	 
	2.12	 	Method of Payments; Computations; Apportionment of Payments
	 	 	30	 
	2.13	 	Recovery of Payments
	 	 	32	 
	2.14	 	Pro Rata Treatment
	 	 	32	 
	2.15	 	Increased Costs; Change in Circumstances; Illegality
	 	 	33	 
	2.16	 	Taxes
	 	 	35	 
	2.17	 	Compensation
	 	 	37	 
	2.18	 	Replacement of Lenders; Mitigation of Costs
	 	 	38	 
	2.19	 	Increase in Commitments
	 	 	39	 
	2.20	 	Defaulting Lenders
	 	 	40	 
	2.21	 	Several Obligations of Borrowers; Parent as Agent of ICE Trust
	 	 	40	 
	 	 	 
	 	 	 	 
	ARTICLE III

	 	 	 
	 	 	 	 
	CONDITIONS PRECEDENT

	 	 	 
	 	 	 	 
	3.1	 	Conditions to Closing
	 	 	41	 
	3.2	 	Conditions of All Borrowings
	 	 	43	 

i 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 	 	 
	 	 	 	 
	ARTICLE IV

	 	 	 
	 	 	 	 
	REPRESENTATIONS AND WARRANTIES

	 	 	 
	 	 	 	 
	4.1	 	Corporate Organization and Power
	 	 	44	 
	4.2	 	Authorization; Enforceability
	 	 	44	 
	4.3	 	No Violation
	 	 	44	 
	4.4	 	Governmental and Third-Party Authorization; Permits
	 	 	45	 
	4.5	 	Litigation
	 	 	45	 
	4.6	 	Taxes
	 	 	45	 
	4.7	 	Subsidiaries
	 	 	46	 
	4.8	 	Full Disclosure
	 	 	46	 
	4.9	 	Margin Regulations
	 	 	46	 
	4.10	 	No Material Adverse Effect
	 	 	46	 
	4.11	 	Financial Matters
	 	 	46	 
	4.12	 	Ownership of Properties
	 	 	47	 
	4.13	 	ERISA
	 	 	48	 
	4.14	 	Environmental Matters
	 	 	48	 
	4.15	 	Compliance with Laws
	 	 	48	 
	4.16	 	Intellectual Property
	 	 	48	 
	4.17	 	Regulated Industries
	 	 	49	 
	4.18	 	Insurance
	 	 	49	 
	4.19	 	Material Contracts
	 	 	49	 
	4.20	 	No Burdensome Restrictions
	 	 	49	 
	4.21	 	OFAC; Anti-Terrorism Laws
	 	 	49	 
	 	 	 
	 	 	 	 
	ARTICLE V

	 	 	 
	 	 	 	 
	AFFIRMATIVE COVENANTS

	5.1	 	Financial Statements
	 	 	50	 
	5.2	 	Other Business and Financial Information
	 	 	51	 
	5.3	 	Compliance with All Material Contracts
	 	 	53	 
	5.4	 	Existence; Franchises; Maintenance of Properties
	 	 	53	 
	5.5	 	Use of Proceeds
	 	 	54	 
	5.6	 	Compliance with Laws
	 	 	54	 
	5.7	 	Payment of Obligations
	 	 	54	 
	5.8	 	Insurance
	 	 	54	 
	5.9	 	Maintenance of Books and Records; Inspection
	 	 	54	 
	5.10	 	Permitted Acquisitions
	 	 	55	 
	5.11	 	Creation or Acquisition of Subsidiaries
	 	 	56	 
	5.12	 	OFAC, PATRIOT Act Compliance
	 	 	56	 
	5.13	 	Further Assurances
	 	 	56	 

ii 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 	 	 
	 	 	 	 
	ARTICLE VI

	 	 	 
	 	 	 	 
	FINANCIAL COVENANTS

	 	 	 
	 	 	 	 
	6.1	 	Maximum Total Leverage Ratio
	 	 	57	 
	6.2	 	Minimum Interest Coverage Ratio
	 	 	57	 
	 	 	 
	 	 	 	 
	ARTICLE VII

	 	 	 
	 	 	 	 
	NEGATIVE COVENANTS

	 	 	 
	 	 	 	 
	7.1	 	Merger; Consolidation
	 	 	57	 
	7.2	 	Indebtedness
	 	 	58	 
	7.3	 	Liens
	 	 	59	 
	7.4	 	Asset Dispositions
	 	 	60	 
	7.5	 	Acquisitions
	 	 	61	 
	7.6	 	Restricted Payments
	 	 	61	 
	7.7	 	Transactions with Affiliates
	 	 	62	 
	7.8	 	Lines of Business
	 	 	62	 
	7.9	 	Limitation on Certain Restrictions
	 	 	62	 
	7.10	 	No Other Negative Pledges
	 	 	63	 
	7.11	 	Investments in Subsidiaries
	 	 	63	 
	7.12	 	Fiscal Year
	 	 	63	 
	7.13	 	Accounting Changes
	 	 	64	 
	 	 	 
	 	 	 	 
	ARTICLE VIII

	 	 	 
	 	 	 	 
	EVENTS OF DEFAULT

	 	 	 
	 	 	 	 
	8.1	 	Events of Default
	 	 	64	 
	8.2	 	Remedies: Termination of Commitments, Acceleration, etc.
	 	 	66	 
	8.3	 	Remedies: Set-Off
	 	 	66	 
	 	 	 
	 	 	 	 
	ARTICLE IX

	 	 	 
	 	 	 	 
	THE ADMINISTRATIVE AGENT

	 	 	 
	 	 	 	 
	9.1	 	Appointment and Authority
	 	 	67	 
	9.2	 	Rights as a Lender
	 	 	67	 
	9.3	 	Exculpatory Provisions
	 	 	67	 
	9.4	 	Reliance by Administrative Agent
	 	 	68	 
	9.5	 	Delegation of Duties
	 	 	69	 
	9.6	 	Resignation of Administrative Agent
	 	 	69	 
	9.7	 	Non-Reliance on Administrative Agent and Other Lenders
	 	 	69	 
	9.8	 	No Other
Duties, Etc.
	 	 	70	 
	9.9	 	Guaranty Matters
	 	 	70	 

iii 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 	 	 
	 	 	 	 
	ARTICLE X

	 	 	 
	 	 	 	 
	MISCELLANEOUS

	 	 	 
	 	 	 	 
	10.1	 	Expenses; Indemnity; Damage Waiver
	 	 	70	 
	10.2	 	Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process
	 	 	72	 
	10.3	 	Waiver of Jury Trial
	 	 	72	 
	10.4	 	Notices; Effectiveness; Electronic Communication
	 	 	73	 
	10.5	 	Amendments,
Waivers, etc.
	 	 	73	 
	10.6	 	Successors and Assigns
	 	 	75	 
	10.7	 	No Waiver
	 	 	78	 
	10.8	 	Survival
	 	 	78	 
	10.9	 	Severability
	 	 	79	 
	10.10	 	Construction
	 	 	79	 
	10.11	 	Confidentiality
	 	 	79	 
	10.12	 	Counterparts; Integration; Effectiveness
	 	 	80	 
	10.13	 	Disclosure of Information
	 	 	80	 
	10.14	 	USA Patriot Act Notice
	 	 	80	 
	 	 	 
	 	 	 	 
	ARTICLE XI

	 	 	 
	 	 	 	 
	THE GUARANTY

	 	 	 
	 	 	 	 
	11.1	 	The Guaranty
	 	 	80	 
	11.2	 	Guaranty Unconditional
	 	 	80	 
	11.3	 	Duty Only Upon Payment in Full; Reinstatement in Certain Circumstances
	 	 	81	 
	11.4	 	Waiver by the Parent
	 	 	81	 
	11.5	 	Subrogation
	 	 	82	 
	11.6	 	Stay of Acceleration
	 	 	82	 
	11.7	 	Continuing Guaranty; Assignments
	 	 	82	 

iv 

 

EXHIBITS

	 	 	 
	Exhibit A

	 	Form of Note
	Exhibit B-1

	 	Form of Notice of Borrowing
	Exhibit B-2

	 	Form of Notice of Conversion/Continuation
	Exhibit C

	 	Form of Compliance Certificate
	Exhibit D

	 	Form of Assignment and Assumption
	Exhibit E

	 	Form of Guaranty
	Exhibit F

	 	Form of Financial Condition Certificate

SCHEDULES

	 	 	 
	Schedule 1.1(a)

	 	Commitments and Notice Addresses
	Schedule 4.1

	 	Jurisdictions of Organization
	Schedule 4.4

	 	Consents and Approvals
	Schedule 4.5

	 	Litigation Matters
	Schedule 4.7

	 	Subsidiaries
	Schedule 4.19

	 	Material Contracts
	Schedule 7.2

	 	Indebtedness
	Schedule 7.3

	 	Liens
	Schedule 7.8

	 	Transactions with Affiliates

v 

 

CREDIT AGREEMENT

     THIS CREDIT AGREEMENT, dated as of the 9th day of April, 2009, is made among
INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Parent”), ICE US TRUST LLC, a
limited purpose New York trust and indirect Subsidiary of Parent (“ICE Trust”, and together
with the Parent the “Borrowers”, and each a “Borrower”), the Lenders (as
hereinafter defined), WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent (as hereinafter
defined) for the Lenders (“Wachovia”), and BANK OF AMERICA, N.A., as Syndication Agent for
the Lenders (“BofA”).

BACKGROUND STATEMENT

     The Borrowers have requested that the Lenders make available to the Borrowers a revolving
credit facility in the aggregate principal amount of $300,000,000. The Borrowers will use the
proceeds of these facilities as provided in Section 5.5. The Lenders are willing to make available
to the Borrowers the revolving credit facility described herein subject to and on the terms and
conditions set forth in this Agreement.

AGREEMENT

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

ARTICLE I

DEFINITIONS

     1.1 Defined Terms. For purposes of this Agreement, in addition to the terms defined elsewhere herein, the
following terms have the meanings set forth below (such meanings to be equally applicable to the
singular and plural forms thereof):

     “Account Designation Letter” means a letter from a Borrower to the Administrative
Agent, duly completed and signed by an Authorized Officer of such Borrower and in form and
substance reasonably satisfactory to the Administrative Agent, listing any one or more accounts to
which such Borrower may from time to time request the Administrative Agent to forward the proceeds
of any Loans made hereunder.

     “Acquisition” means any transaction or series of related transactions, consummated on
or after the date hereof, by which a Borrower directly, or indirectly through one or more
Subsidiaries, (i) acquires any going business, division thereof or line of business, or all or
substantially all of the assets, of any Person, whether through purchase of assets, merger or
otherwise, or (ii) acquires Capital Stock of any Person having at least a majority of Total
Voting Power of the then outstanding Capital Stock of such Person.

 

 

     “Acquisition Amount” means, with respect to any Acquisition, the sum (without
duplication) of (i) the amount of cash paid as purchase price by the Parent and its Subsidiaries in
connection with such Acquisition, (ii) the value of all Capital Stock issued or given as purchase
price by the Parent and its Subsidiaries in connection with such Acquisition (as determined by the
parties thereto under the definitive acquisition agreement), (iii) the amount (determined by using
the face amount or the amount payable at maturity, whichever is greater) of all Indebtedness
incurred, assumed or acquired by the Parent and its Subsidiaries in connection with such
Acquisition, (iv) all amounts paid in respect of noncompetition agreements, consulting agreements
and similar arrangements entered into in connection with such Acquisition, (v) all amounts paid in
respect of any earnout obligations or similar deferred or contingent purchase price obligations of
the Parent or any of its Subsidiaries incurred or created in connection with such Acquisition and
(vi) the aggregate fair market value of all other real, mixed or personal property paid as purchase
price by the Parent and its Subsidiaries in connection with such Acquisition.

     “Additional Commitment” has the meaning given to such term in Section 2.19(b).

     “Additional Lender” has the meaning given to such term in Section 2.19(a).

     “Adjusted Base Rate” means, at any time with respect to any Base Rate Loan, a rate per
annum equal to the Base Rate as in effect at such time plus the Applicable Percentage for Base Rate
Loans as in effect at such time.

     “Adjusted LIBOR Rate” means, at any time with respect to any LIBOR Loan, a rate per
annum equal to the LIBOR Rate as in effect at such time plus the Applicable Percentage for LIBOR
Loans as in effect at such time.

     “Administrative Agent” means Wachovia, in its capacity as Administrative Agent
appointed under Section 9.1, and its successors and permitted assigns in such capacity.

     “Administrative Questionnaire” means, with respect to each Lender, the administrative
questionnaire in the form submitted to such Lender by the Administrative Agent and returned to the
Administrative Agent duly completed by such Lender.

     “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified. Notwithstanding the foregoing, neither the Administrative Agent
nor any Lender shall be deemed an “Affiliate” of any Credit Party.

     “Agreement” means this Credit Agreement, as amended, modified, restated or
supplemented from time to time in accordance with its terms.

     “Applicable Percentage” means, at any time from and after the Closing Date, the
applicable percentage (i) to be added to the Base Rate for purposes of determining the Adjusted
Base Rate, (ii) to be added to the LIBOR Rate for purposes of determining the Adjusted LIBOR
Rate and (iii) to be used in calculating the commitment fee payable pursuant to Section
2.9(b), in each case as determined under the following matrix with reference to the Total Leverage
Ratio, but subject to Section 5.1(c):

2

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Applicable	 	Applicable	 	Applicable
	 	 	 	 	LIBOR	 	Base Rate	 	Commitment
	Tier	 	Total Leverage Ratio	 	Margin	 	Margin	 	Fee Rate
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	I	 	Less than 1.0 to 1.0
	 	 	2.50	%	 	 	1.50	%	 	 	0.50	%
	II	 	Less than 1.50 to 1.0
but greater than or
equal to 1.0 to 1.0
	 	 	3.00	%	 	 	2.00	%	 	 	0.60	%
	III	 	Less than 2.0 to 1.0
but greater than or
equal to 1.50 to 1.0
	 	 	3.50	%	 	 	2.50	%	 	 	0.70	%
	IV	 	Greater than or equal
to 2.0 to 1.0
	 	 	4.50	%	 	 	3.50	%	 	 	0.90	%

     On each Adjustment Date (as hereinafter defined), the Applicable Percentage for all Loans and
the commitment fee payable pursuant to Section 2.9(b) shall be adjusted effective as of such
Adjustment Date (based upon the calculation of the Total Leverage Ratio as of the last day of the
Reference Period to which such Adjustment Date relates) in accordance with the above matrix;
provided, however, that, notwithstanding the foregoing or anything else herein to
the contrary, if at any time the Parent shall have failed to deliver any of the financial
statements as required by Sections 5.1(a) or 5.1(b), as the case may be, or the Compliance
Certificate as required by Section 5.2(a), then at all times from and including the date on which
such statements and Compliance Certificate are required to have been delivered until the date on
which the same shall have been delivered, each Applicable Percentage shall be determined based on
Tier IV above (notwithstanding the actual Total Leverage Ratio). For purposes of this definition,
“Adjustment Date” means, with respect to any Reference Period of the Parent beginning with
the Reference Period ending as of the last day of the first fiscal quarter of fiscal year 2009, the
day (or, if such day is not a Business Day, the next succeeding Business Day) of delivery by the
Parent in accordance with Section 5.1(a) or Section 5.1(b), as the case may be, of (i) financial
statements as of the end of and for such Reference Period and (ii) a duly completed Compliance
Certificate with respect to such Reference Period. From the Closing Date until the first
Adjustment Date requiring a change in any Applicable Percentage as provided herein, each Applicable
Percentage shall be based on Tier I above.

     “Applicable Period” has the meaning set forth in Section 5.1(c).

     “Approved Fund” means any Fund that is administered or managed by (i) a Lender, (ii)
an Affiliate of a Lender, or (iii) a Person (or an Affiliate of a Person) that administers or
manages a Lender.

     “Arrangers” mean Wachovia Capital Markets, LLC, Banc of America Securities LLC and
their respective successors.

     “Asset Disposition” means any sale, assignment, lease, conveyance, transfer or other
disposition by the Parent or any of its Subsidiaries (whether in one or a series of transactions)
of all or any of its assets, business or other properties (including Capital Stock of its
Subsidiaries).

3

 

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

     “Authorized Officer” means, with respect to any action specified herein to be taken by
or on behalf of a Credit Party, any officer of such Credit Party duly authorized by resolution of
its board of directors or other governing body to take such action on its behalf, and whose
signature and incumbency shall have been certified to the Administrative Agent by the secretary or
an assistant secretary of such Credit Party.

     “Bankruptcy Code” means 11 U.S.C. §§ 101 et seq., as amended from time
to time, and any successor statute.

     “Bankruptcy Event” means the occurrence of an event specified in Section 8.1(f) or
Section 8.1(g).

     “Base Rate” means the highest of (i) the per annum interest rate publicly announced
from time to time by Wachovia in Charlotte, North Carolina, to be its prime rate (which may not
necessarily be its lowest or best lending rate), as adjusted to conform to changes as of the
opening of business on the date of any such change in such prime rate, (ii) the Federal Funds Rate
plus 0.5% per annum, as adjusted to conform to changes as of the opening of business on the date of
any such change in the Federal Funds Rate, and (iii) the LIBOR Rate for an Interest Period of 1
month plus 1.5%, as adjusted to conform to changes as of the opening of business on the date of any
such change of such LIBOR Rate.

     “Base Rate Loan” means, at any time, any Loan that bears interest at such time at the
applicable Adjusted Base Rate.

     “BofA” means Bank of America, N.A.

     “Borrowers” has the meaning given to such term in the introductory paragraph hereof.

     “Borrowing” means the incurrence by a Borrower (including as a result of conversions
and continuations of outstanding Loans pursuant to Section 2.11) on a single date of a group of
Loans of a single Type and, in the case of LIBOR Loans, as to which a single Interest Period is in
effect.

     “Borrowing Date” means, with respect to any Borrowing, the date upon which such
Borrowing is made.

     “Business Day” means (i) any day other than a Saturday or Sunday, a legal holiday or a
day on which commercial banks in Charlotte, North Carolina or New York, New York are authorized or
required by law to be closed and (ii) in respect of any determination relevant to a
LIBOR Loan, any such day that is also a day on which trading in Dollar deposits is conducted
by banks in London, England in the London interbank Eurodollar market.

4

 

     “Capital Expenditures” means, for any period, the aggregate amount (whether paid in
cash or accrued as a liability) that would, in accordance with GAAP, be included on the
consolidated statement of cash flows of the Parent and its Subsidiaries for such period as
additions to equipment, fixed assets, real property or improvements or other capital assets
(including, without limitation, Capital Lease Obligations); provided, however, that
Capital Expenditures shall not include any such expenditures (i) for replacements and substitutions
for capital assets, to the extent made with the proceeds of insurance, (ii) for replacements and
substitutions for capital assets, to the extent made with proceeds from the sale, exchange or other
disposition of assets as permitted under Sections 7.4(i) or 7.4(iii), or (iii) included within the
Acquisition Amount of any Permitted Acquisition.

     “Capital Lease” means, with respect to any Person, any lease of property (whether
real, personal or mixed) by such Person as lessee that is or is required to be, in accordance with
GAAP, recorded as a capital lease on such Person’s balance sheet.

     “Capital Lease Obligations” means, with respect to any Person, the obligations of such
Person to pay rent or other amounts under any Capital Lease of such Person, and the amount of such
obligations shall be the capitalized amount thereof determined in accordance with GAAP.

     “Capital Stock” means (i) with respect to any Person that is a corporation, any and
all shares, interests or equivalents in capital stock (whether voting or nonvoting, and whether
common or preferred) of such corporation, and (ii) with respect to any Person that is not a
corporation, any and all partnership, membership, limited liability company or other equity
interests of such Person; and in each case under clauses (i) and (ii), any and all warrants, rights
or options to purchase any of the foregoing or any securities convertible into or exchangeable for
any of the foregoing.

     “Capitalized Software Development Costs” means those capitalized costs both internal
and external, direct and incremental, incurred related to software developed or obtained for
internal use in accordance with AICPA Statement of Position 98-1 “Accounting for Costs of Computer
Software Developed or Obtained for Internal Use.”

     “Cash Equivalents” means (i) securities issued or unconditionally guaranteed or
insured by the United States of America or any agency or instrumentality thereof, backed by the
full faith and credit of the United States of America and maturing within one year from the date of
acquisition, (ii) commercial paper issued by any Person organized under the laws of the United
States of America, maturing within 180 days from the date of acquisition and, at the time of
acquisition, having a rating of at least A-1 or the equivalent thereof by Standard & Poor’s Ratings
Services or at least P-1 or the equivalent thereof by Moody’s Investors Service, Inc., (iii) time
deposits and certificates of deposit maturing within 180 days from the date of issuance and issued
by a bank or trust company organized under the laws of the United States of America or any state
thereof (y) that has combined capital and surplus of at least $500,000,000 or (z) that has (or is a
subsidiary of a bank holding company that has) a long-term unsecured debt rating of at least A or
the equivalent thereof by Standard & Poor’s Ratings Services or at least A2 or the
equivalent thereof by Moody’s Investors Service, Inc., (iv) repurchase obligations with a term
not exceeding thirty (30) days with respect to underlying securities of the types described in
clause (i) above entered into with any bank or trust company meeting the qualifications specified

5

 

in clause (iii) above, and (v) money market funds at least ninety-five percent (95%) of the assets
of which are continuously invested in securities of the foregoing types.

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

     “Change of Control” means (i) any Person or group of Persons acting in concert as a
partnership or other group shall have become, as a result of a tender or exchange offer, open
market purchases, privately negotiated purchases or otherwise, the beneficial owner of outstanding
Capital Stock of the Parent having 35% or more of the Total Voting Power of the Parent or (ii) the
occupation of a majority of the seats (other than vacant seats) on the board of directors of the
Parent by Persons who were neither (a) nominated by the board of directors of the Parent nor (b)
appointed by directors so nominated.

     “Closing Date” means the date upon which each of the conditions set forth in Sections
3.1 and 3.2 shall have been satisfied or waived in accordance with the terms of this Agreement.

     “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any
successor statute, and all rules and regulations from time to time promulgated thereunder.

     “Commitment” means, with respect to any Lender at any time, the commitment of such
Lender to make Loans in an aggregate principal amount at any time outstanding up to the amount set
forth opposite such Lender’s name on Schedule 1.1(a) under the caption “Commitment” or, if such
Lender has entered into one or more Assignment and Assumptions, the amount set forth for such
Lender at such time in the Register maintained by the Administrative Agent pursuant to Section
10.6(c) as such Lender’s “Commitment,” in either case, as such amount may be reduced at or prior to
such time pursuant to the terms hereof.

     “Compliance Certificate” means a fully completed and duly executed certificate in the
form of Exhibit C, together with a Covenant Compliance Worksheet.

     “Consolidated EBITDA” means, for any Reference Period, the aggregate of (i)
Consolidated Net Income for such period, plus (ii) the sum of (A) interest expense, (B)
federal, state, local and other income taxes, (C) depreciation and amortization of intangible
assets, and (D) extraordinary losses or charges, all to the extent taken into account in the
calculation of Consolidated Net Income for such Reference Period and all calculated in accordance
with GAAP, minus (iii) the sum of (A) extraordinary gains or income and (B) noncash credits
increasing income for such period, all to the extent taken into account in the calculation of
Consolidated Net Income for such period.

     “Consolidated Interest Expense” means, for any Reference Period, the sum
(without duplication) of (i) total interest expense of the Parent and its Subsidiaries for such
Reference Period in respect of Total Funded Debt (including, without limitation, all such interest
expense accrued or capitalized during such Reference Period, whether or not actually paid during
such

6

 

Reference Period), determined on a consolidated basis in accordance with GAAP, and (ii) all
recurring unused commitment fees and other ongoing fees in respect of Total Funded Debt (including
the unused fees provided for under Section 2.9) paid, accrued or capitalized by the Parent and its
Subsidiaries during such Reference Period.

     “Consolidated Net Income” means, for any Reference Period, net income (or loss) for
the Parent and its Subsidiaries for such Reference Period, determined on a consolidated basis in
accordance with GAAP (after deduction for minority interests); provided that, in making
such determination, there shall be excluded (i) the net income of any other Person that is not a
Subsidiary of the Parent (or is accounted for by the Parent by the equity method of accounting)
except to the extent of actual payment of cash dividends or distributions by such Person to the
Parent or any Subsidiary of the Parent during such period, (ii) the net income (or loss) of any
other Person acquired by, or merged with, the Parent or any of its Subsidiaries for any period
prior to the date of such acquisition, and (iii) the net income of any Subsidiary of the Parent to
the extent that the declaration or payment of dividends or similar distributions by such Subsidiary
of such net income is not at the time permitted by operation of the terms of its charter,
certificate of incorporation or formation or other constituent document or any agreement or
instrument (other than a Credit Document) or Requirement of Law applicable to such Subsidiary.

     “Control” means, with respect to any Person, (i) the possession, direct or indirect,
of the power to direct or cause the direction of the management and policies of such Person,
whether through the ownership of voting securities, by contract or otherwise, or (ii) the
beneficial ownership of securities or other ownership interests of such Person having 10% or more
of the combined voting power of the then outstanding securities or other ownership interests of
such Person ordinarily (and apart from rights accruing under special circumstances) having the
right to vote in the election of directors or other governing body of such Person; and the terms
“Controlled” and “Controlling” have correlative meanings.

     “Covenant Compliance Worksheet” means a fully completed worksheet in the form of
Attachment A to Exhibit C.

     “Credit Documents” means this Agreement, the Notes, the Fee Letters, the Guaranty, and
all other agreements, instruments, documents and certificates now or hereafter executed and
delivered to the Administrative Agent or any Lender by or on behalf of the Borrowers or any other
Credit Party with respect to this Agreement, in each case as amended, modified, supplemented or
restated from time to time.

     “Credit Parties” means the each of the Borrowers and Subsidiary Guarantors, and their
respective successors.

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

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

     “Defaulting Lender” means any Lender, as determined in good faith by the
Administrative Agent, that (i) has failed (which failure has not been cured) to fund any Loan, (ii)
has notified any Borrower or the Administrative Agent in writing that it does not intend to comply
with any of its funding obligations under this Agreement or has made a public statement to the
effect that it does not intend to comply with its funding obligations under this Agreement or
generally under other agreements in which it commits to extend credit, (iii) has failed, within
three Business Days after request by the Administrative Agent, to confirm that it will comply with
the terms of this Agreement relating to its obligations to fund prospective Loans, (iv) has failed
to pay to the Administrative Agent or any Lender when due an amount owed by such Lender pursuant to
the terms of this Agreement, unless such amount is subject to a good faith dispute or such failure
has been cured, or (v) (a) has become or is insolvent or has a parent company that has become or is
insolvent or (b) has become the subject of a proceeding under any Debtor Relief Law, or has had a
receiver, conservator, trustee or custodian appointed for it, or has taken any action in
furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or
appointment or has a parent company that has become the subject of a proceeding under any Debtor
Relief Law, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken
any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such
proceeding or appointment.

     “Disqualified Capital Stock” means, with respect to any Person, any Capital Stock of
such Person that, by its terms (or by the terms of any security into which it is convertible or for
which it is exchangeable), or upon the happening of any event or otherwise, (i) matures or is
mandatorily redeemable or subject to any mandatory repurchase requirement, pursuant to a sinking
fund obligation or otherwise, (ii) is redeemable or subject to any mandatory repurchase requirement
at the sole option of the holder thereof, or (iii) is convertible into or exchangeable for (whether
at the option of the issuer or the holder thereof) (y) debt securities or (z) any Capital Stock
referred to in (i) or (ii) above, in each case under (i), (ii) or (iii) above at any time on or
prior to the first anniversary of the Maturity Date; provided, however, that only
the portion of Capital Stock that so matures or is mandatorily redeemable, is so redeemable at the
option of the holder thereof, or is so convertible or exchangeable on or prior to such date shall
be deemed to be Disqualified Capital Stock.

     “Dollars” or “$” means dollars of the United States of America.

     “Domestic Subsidiary” means any Subsidiary of the Parent organized under the laws of
any jurisdiction within the United States.

     “Environmental Claims” means any and all administrative, regulatory or judicial
actions, suits, demands, demand letters, claims, liens, allegations, notices of noncompliance or
violation, investigations by a Governmental Authority, or proceedings (including, without
limitation, administrative, regulatory and judicial proceedings) relating in any way to any
Hazardous Substance, any actual or alleged violation of or liability under any Environmental Law or
any permit issued, or any approval given, under any Environmental Law (collectively,
“Claims”), including, without limitation, (i) any and all Claims by Governmental
Authorities for

8

 

enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any
applicable Environmental Law and (ii) any and all Claims by any third party seeking damages,
contribution, indemnification, cost recovery, compensation or injunctive relief resulting from any
Hazardous Substance or arising from alleged injury or threat of injury to human health or the
environment.

     “Environmental Laws” means any and all federal, state and local laws, statutes,
ordinances, rules, regulations, permits, licenses, approvals, rules of common law and orders of
courts or Governmental Authorities, relating to the protection of human health, occupational safety
with respect to exposure to Hazardous Substances, or the environment, now or hereafter in effect,
and in each case as amended from time to time, including, without limitation, requirements
pertaining to the manufacture, processing, distribution, use, treatment, storage, disposal,
transportation, handling, reporting, licensing, permitting, investigation or remediation of
Hazardous Substances.

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

     “ERISA Affiliate” means any Person (including any trade or business, whether or not
incorporated) deemed to be under “common control” with, or a member of the same “controlled group”
as, the Parent or any of its Subsidiaries, within the meaning of Sections 414(b), (c), (m) or (o)
of the Code or Section 4001 of ERISA.

     “ERISA Event” means any of the following with respect to a Plan or Multiemployer Plan,
as applicable: (i) a Reportable Event, (ii) a complete or partial withdrawal by the Parent or any
ERISA Affiliate from a Multiemployer Plan that results in liability under Section 4201 or 4204 of
ERISA, or the receipt by the Parent or any ERISA Affiliate of notice from a Multiemployer Plan that
it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or that it intends
to terminate or has terminated under Section 4041A of ERISA, (iii) the distribution by the Parent
or any ERISA Affiliate under Section 4041 or 4041A of ERISA of a notice of intent to terminate any
Plan or the taking of any action to terminate any Plan, (iv) the commencement of proceedings by the
PBGC under Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Plan, or the receipt by the Parent or any ERISA Affiliate of a notice from any
Multiemployer Plan that such action has been taken by the PBGC with respect to such Multiemployer
Plan, (v) the institution of a proceeding by any fiduciary of any Multiemployer Plan against the
Borrower or any ERISA Affiliate to enforce Section 515 of ERISA, which is not dismissed within
thirty (30) days, (vi) the imposition upon the Parent or any ERISA Affiliate of any liability under
Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA,
or the imposition or threatened imposition of any Lien upon any assets of a Borrower or any ERISA
Affiliate as a result of any alleged failure to comply with the Code or ERISA in respect of any
Plan, (vii) the engaging in or otherwise becoming liable for a nonexempt Prohibited Transaction by
the Parent or any ERISA Affiliate, or a violation of the applicable requirements of Section 404 or
405 of ERISA or the exclusive benefit rule under Section 401(a) of the Code by any fiduciary of any
Plan for which the Parent or any of its ERISA Affiliates may be directly or indirectly liable,
(viii) the occurrence with respect to any Plan of any “accumulated funding deficiency” (within the
meaning of Section

9

 

302 of ERISA and Section 412 of the Code), whether or not waived, (ix) with respect to plan
years beginning prior to January 1, 2008, the adoption of an amendment to any Plan that, pursuant
to Section 307 of ERISA, would require the provision of security to such Plan by the Parent or an
ERISA Affiliate, or (x) with respect to plan years beginning on or after the PPA 2006 Effective
Date, the incurrence of an obligation to provide a notice under Section 101(j) of ERISA, the
adoption of an amendment which may not take effect due to the application of Section 436(c)(1) of
the Code or Section 206(g)(2)(A) of ERISA, or the payment of a contribution in order to satisfy the
requirements of Section 436(c)(2) of the Code or Section 206(g)(2)(B) of ERISA.

     “Event of Default” has the meaning given to such term in Section 8.1.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to
time, and any successor statute, and all rules and regulations from time to time promulgated
thereunder.

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any
other recipient of any payment to be made by or on account of any obligation of a Borrower
hereunder, (i) taxes imposed on or measured by its overall net income (however denominated), and
franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political
subdivision thereof) under the laws of which such recipient is organized or in which its principal
office is located or, in the case of any Lender, in which its applicable Lending Office is located,
(ii) any branch profits taxes imposed by the United States or any similar tax imposed by any other
jurisdiction in which a Borrower is located and (iii) in the case of a Foreign Lender (other than
an assignee pursuant to a request by the Parent under Section 2.18(a)), any withholding tax that is
imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party
hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s failure or
inability (other than as a result of a Change in Law) to comply with Section 2.16(e), except to the
extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation
of a new Lending Office (or assignment), to receive additional amounts from a Borrower with respect
to such withholding tax pursuant to Section 2.16(a).

     “Existing Credit Facility” has the meaning set forth in Section 3.1(c).

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

     “Federal Reserve Board” means the Board of Governors of the Federal Reserve System or
any successor thereto.

10

 

     “Fee Letters” means the Joint Fee Letter and the Wachovia Fee Letter.

     “Financial Condition Certificate” means a fully completed and duly executed
certificate, in substantially the form of Exhibit F, together with the attachments thereto.

     “Financial Officer” means, with respect to any Borrower, the chief financial officer,
vice president — finance, principal accounting officer or treasurer of such Borrower.

     “fiscal quarter” or “FQ” means a fiscal quarter of the Parent and its
Subsidiaries.

     “fiscal year” or “FY” means a fiscal year of the Parent and its Subsidiaries.

     “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
outside of the United States.

     “Foreign Subsidiary” means any Subsidiary of the Parent that is not a Domestic
Subsidiary.

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

     “GAAP” means generally accepted accounting principles in the United States of America,
as set forth in the statements, opinions and pronouncements of the Accounting Principles Board, the
American Institute of Certified Public Accountants and the Financial Accounting Standards Board,
consistently applied and maintained, as in effect from time to time (subject to the provisions of
Section 1.2).

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

     “Guarantor” means (i) any Wholly-Owned Subsidiary of the Parent that is a guarantor of
the Obligations under the Guaranty (or under another guaranty agreement in form and substance
satisfactory to the Administrative Agent) and (ii) the Parent with respect to its undertakings in
Article XI hereof.

     “Guaranty” means (i) a guaranty agreement made by the Guarantors in favor of the
Administrative Agent and the Lenders, in substantially the form of Exhibit E, as amended, modified,
restated or supplemented from time to time and (ii) the undertakings of the Parent in Article XI
hereof.

     “Guaranty Fund” means any fund set up by (i) ICE Clear US pursuant to Section 5.4 of
its by-laws, (ii) ICE Clear Europe, (iii) The Clearing Corporation, (iv) ICE US Trust, (v) ICE
Clear Canada, and (vi) such other clearing houses owned and operated by the Borrower in the

11

 

future, in each case in which its clearing members make deposits to secure the obligations of
its clearing members and which is used to cover the losses sustained by such Person as a result of
the default of any such clearing member.

     “Guaranty Obligation” means, with respect to any Person, any direct or indirect
liability of such Person with respect to any Indebtedness, liability or other obligation (the
“primary obligation”) of another Person (the “primary obligor”), whether or not
contingent, (i) to purchase, repurchase or otherwise acquire such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or provide funds (x)
for the payment or discharge of any such primary obligation or (y) to maintain working capital or
equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any
balance sheet item, level of income or financial condition of the primary obligor (including,
without limitation, keep well agreements, maintenance agreements, comfort letters or similar
agreements or arrangements), (iii) to lease or purchase property, securities or services primarily
for the purpose of assuring the owner of any such primary obligation of the ability of the primary
obligor in respect thereof to make payment of such primary obligation or (iv) otherwise to assure
or hold harmless the owner of any such primary obligation against loss or failure or inability to
perform in respect thereof; provided, however, that, with respect to the Parent and
its Subsidiaries, the term Guaranty Obligation shall not include endorsements for collection or
deposit in the ordinary course of business. The amount of any Guaranty Obligation of any
guaranteeing Person hereunder shall be deemed to be the lower of (a) an amount equal to the stated
or determinable amount of the primary obligation in respect of which such Guaranty Obligation is
made and (b) the maximum amount for which such guaranteeing Person may be liable pursuant to the
terms of the instrument embodying such Guaranty Obligation, unless such primary obligation and the
maximum amount for which such guaranteeing Person may be liable are not stated or determinable, in
which case the amount of such Guaranty Obligation shall be such guaranteeing Person’s maximum
reasonably anticipated liability in respect thereof as determined by such guaranteeing Person in
good faith.

     “Hazardous Substance” means any substance or material meeting any one or more of the
following criteria: (i) it is or contains a substance designated as a hazardous waste, hazardous
substance, hazardous material, pollutant, contaminant or toxic substance under any Environmental
Law, (ii) it is toxic, explosive, corrosive, ignitable, infectious, radioactive, mutagenic or
otherwise hazardous to human health or the environment and is or becomes regulated by any
Governmental Authority, (iii) its presence may require investigation or response under any
Environmental Law, (iv) it constitutes a nuisance, trespass or health or safety hazard to Persons
or neighboring properties, or (v) it is or contains, without limiting the foregoing, asbestos,
polychlorinated biphenyls, urea formaldehyde foam insulation, petroleum hydrocarbons, petroleum
derived substances or wastes, crude oil, nuclear fuel, natural gas or synthetic gas.

     “Hedge Agreement” means any interest or foreign currency rate swap, cap, collar,
option, hedge, forward rate or other similar agreement or arrangement designed to protect against
fluctuations in interest rates or currency exchange rates.

     “Hedge Party” means any Lender or any Affiliate of any Lender in its capacity as a
counterparty to any Hedge Agreement with the Borrower or any Subsidiary, which Hedge

12

 

Agreement is required or permitted under this Agreement to be entered into by the Borrower, or
any former Lender or any Affiliate of any former Lender in its capacity as a counterparty to any
such Hedge Agreement entered into prior to the date such Person or its Affiliate ceased to be a
Lender.

     “ICE Clear Canada” means ICE Clear Canada, Inc., a Manitoba corporation and an
indirect Wholly-Owned Subsidiary of the Borrower.

     “ICE Clear Europe” means ICE Clear Europe Limited, a private limited company
incorporated in England and Wales and an indirect Wholly-Owned Subsidiary of the Borrower.

     “ICE Clear Europe Payment Services Agreement” shall mean the Payment Services
Agreement between ICE Clear Europe and Citibank, N.A., London Branch, in a form reasonably
acceptable to the Administrative Agent, for the purpose of providing an intraday liquidity line of
credit to handle timing differences between receipts from and payments to clearing house members,
and any renewal, replacement, refinancing or extension of such Indebtedness that does not increase
the outstanding principal amount thereof.

     “ICE Clear US” means ICE Clear U.S., Inc., a New York corporation and an indirect
Wholly-Owned Subsidiary of the Borrower (formerly known as New York Clearing Corporation).

     “ICE Futures Europe” means ICE Futures Europe, a United Kingdom corporation and an
indirect Wholly-Owned Subsidiary of the Borrower.

     “ICE US Trust” means ICE US Trust LLC, a New York limited liability trust company and
a Subsidiary of the Borrower.

     “Increasing Lender” has the meaning given to such term in Section 2.19(a).

     “Indebtedness” means, with respect to any Person (without duplication), (i) all
obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by
notes, bonds, debentures or similar instruments, or upon which interest payments are customarily
made, (iii) the maximum stated or face amount of all surety bonds, letters of credit and bankers’
acceptances issued or created for the account of such Person and, without duplication, all drafts
drawn thereunder (to the extent unreimbursed), (iv) all obligations of such Person to pay the
deferred purchase price of property or services (excluding trade payables incurred in the ordinary
course of business and not more than 90 days past due), (v) all indebtedness created or arising
under any conditional sale or other title retention agreement with respect to property acquired by
such Person, (vi) all Capital Lease Obligations of such Person, (vii) all Disqualified Capital
Stock issued by such Person, with the amount of Indebtedness represented by such Disqualified
Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and
its maximum fixed repurchase price, (viii) the principal balance outstanding and owing by such
Person under any synthetic lease, tax retention operating lease or similar off-balance sheet
financing product, (ix) all Guaranty Obligations of such Person with respect to Indebtedness of
another Person, (x) the net termination obligations of such Person under any Hedge Agreements,
calculated as of any date as if such agreement or arrangement were terminated as of such date, and
(xi) all indebtedness of the types referred to in clauses (i) through (x) above (A) of any

13

 

partnership or unincorporated joint venture in which such Person is a general partner or joint
venturer to the extent such Person is liable therefor or (B) secured by any Lien on any property or
asset owned or held by such Person regardless of whether or not the indebtedness secured thereby
shall have been incurred or assumed by such Person or is nonrecourse to the credit of such Person,
the amount thereof being equal to the value of the property or assets subject to such Lien.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Intellectual Property” means (i) all inventions (whether or not patentable and
whether or not reduced to practice), all improvements thereto, and all patents, patent
applications, and patent disclosures, together with all reissues, continuations,
continuations-in-part, divisions, revisions, extensions, and reexaminations thereof, (ii) all
trademarks, service marks, trade dress, logos, trade names, and corporate names, together with all
goodwill associated therewith, and all applications, registrations, and renewals in connection
therewith, (iii) all copyrightable works and all copyrights (registered and unregistered), (iv) all
trade secrets and confidential information (including, without limitation, financial, business and
marketing plans and customer and supplier lists and related information), (v) all computer software
and software systems (including, without limitation, data, databases and related documentation),
(vi) all Internet web sites and domain names, (vii) all technology, know-how, processes and other
proprietary rights, and (viii) all licenses or other agreements to or from third parties regarding
any of the foregoing.

     “Interest Coverage Ratio” means, as of the last day of any Reference Period ending on
the last day of a fiscal quarter, the ratio of (i) Consolidated EBITDA for such Reference Period
less Capital Expenditures and Capitalized Software Development Costs to (ii) Consolidated Interest
Expense for such Reference Period.

     “Interest Period” has the meaning given to such term in Section 2.10.

     “Investments” has the meaning given to such term in Section 7.11.

     “Joint Fee Letter” means the letter from Wachovia, Wachovia Capital Markets, LLC, BofA
and Banc of America Securities LLC, to the Parent, dated February 18, 2009, relating to certain
fees payable by the Parent in respect of the transactions contemplated by this Agreement, as
amended, modified, restated or supplemented from time to time.

     “Lender” means each Person signatory hereto as a “Lender” and each other Person that
becomes a “Lender” hereunder pursuant to Section 2.18(a) or Section 10.6, and their respective
successors and assigns.

     “Lending Office” means, with respect to any Lender, the office of such Lender
designated as such in such Lender’s Administrative Questionnaire or in connection with an
Assignment and Assumption, or such other office as may be otherwise designated in writing from time
to time by such Lender to the Borrowers and the Administrative Agent. A Lender may designate
separate Lending Offices as provided in the foregoing sentence for the purposes of making or
maintaining different Types of Loans, and, with respect to LIBOR Loans, such office may be a
domestic or foreign branch or Affiliate of such Lender.

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     “LIBOR Loan” means, at any time, any Loan that bears interest at such time at the
applicable Adjusted LIBOR Rate.

     “LIBOR Rate” means, with respect to each LIBOR Loan comprising part of the same
Borrowing for any Interest Period, an interest rate per annum obtained by dividing (i) (y) the rate
of interest appearing on Reuters Screen LIBOR01 Page (or any successor page) that represents an
average British Bankers Association Interest Settlement Rate for Dollar deposits or (z) if no such
rate is available, the rate of interest determined by the Administrative Agent to be the rate or
the arithmetic mean of rates at which Dollar deposits in immediately available funds are offered to
first-tier banks in the London interbank Eurodollar market, in each case under (y) and (z) above at
approximately 11:00 a.m., London time, two (2) Business Days prior to the first day of such
Interest Period for a period substantially equal to such Interest Period and in an amount
substantially equal to the amount of Wachovia’s LIBOR Loan comprising part of such Borrowing, by
(ii) the amount equal to 1.00 minus the Reserve Requirement (expressed as a decimal) for such
Interest Period.

     “Lien” means any mortgage, pledge, hypothecation, assignment, security interest, lien
(statutory or otherwise), charge or other encumbrance of any nature, whether voluntary or
involuntary, including, without limitation, the interest of any vendor or lessor under any
conditional sale agreement, title retention agreement, Capital Lease or any other lease or
arrangement having substantially the same effect as any of the foregoing.

     “Loans” has the meaning given to such term in Section 2.1.

     “Margin Stock” has the meaning given to such term in Regulation U.

     “Material Adverse Effect” means a material adverse effect upon (i) the business,
assets, properties, liabilities (actual or contingent), operations, condition (financial or
otherwise) or prospects of the Parent and its Subsidiaries, taken as a whole, (ii) the ability of
the Credit Parties, taken as a whole, to perform their respective obligations under this Agreement
or any of the other Credit Documents or (iii) the legality, validity or enforceability of this
Agreement or any of the other Credit Documents or the rights and remedies of the Administrative
Agent and the Lenders hereunder and thereunder.

     “Material Contract” has the meaning given to such term in Section 4.19.

     “Maturity Date” means the date 364 days following the Closing Date.

     “Multiemployer Plan” means any “multiemployer plan” within the meaning of Section
4001(a)(3) of ERISA to which the Parent or any ERISA Affiliate makes, is making or is obligated to
make contributions or, during the immediately preceding five plan years, has made or been obligated
to make contributions.

     “Net Cash Proceeds” means, in the case of any Asset Disposition, the aggregate cash
proceeds received by any Credit Party in respect thereof, less (i) reasonable fees and
out-of-pocket expenses payable by Parent or any of its Subsidiaries in connection therewith, (ii)
taxes paid or payable as a result thereof, and (iii) the amount required to retire Indebtedness to
the extent such Indebtedness is secured by Liens on the subject property; it being understood that
the

15

 

term “Net Cash Proceeds” shall include, as and when received, any cash received upon
the sale or other disposition of any non-cash consideration received by any Credit Party in respect
of any of the foregoing events.

     “New Credit Facility” has the meaning set forth in Section 3.1(e).

     “Nonconsenting Lender” means any Lender that does not approve a consent, waiver or
amendment to any Credit Document requested by the Parent or the Administrative Agent and that
requires the approval of all Lenders (or all Lenders directly affected thereby) under Section 10.5
when the Required Lenders have agreed to such consent, waiver or amendment.

     “Non-Wholly-Owned Subsidiary” has the meaning given to such term in Section 7.11.

     “Note” means, with respect to any Lender requesting the same, the promissory note of
the Borrowers in favor of such Lender evidencing the Loans made by such Lender pursuant to Section
2.1, in substantially the form of Exhibit A, together with any amendments, modifications and
supplements thereto, substitutions therefor and restatements thereof.

     “Notice of Borrowing” has the meaning given to such term in Section 2.2(b).

     “Notice of Conversion/Continuation” has the meaning given to such term in Section
2.11(b).

     “Obligations” means all principal of and interest (including interest accruing after
the filing of a petition or commencement of a case by or with respect to any Borrower seeking
relief under any applicable federal and state laws pertaining to bankruptcy, reorganization,
arrangement, moratorium, readjustment of debts, dissolution, liquidation or other debtor relief,
specifically including, without limitation, the Bankruptcy Code and any fraudulent transfer and
fraudulent conveyance laws, whether or not the claim for such interest is allowed in such
proceeding) on the Loans and all fees, expenses, indemnities and other obligations owing, due or
payable at any time by any Borrower or any Subsidiary Guarantor to the Administrative Agent, any
Lender or any other Person entitled thereto, under this Agreement or any of the other Credit
Documents, and all payment and other obligations owing or payable at any time by any Borrower to
any Hedge Party under or in connection with any Hedge Agreement to fix or limit interest rates
payable by such Borrower in respect of any Loans, in each case whether direct or indirect, joint or
several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or
unsecured, and whether existing by contract, operation of law or otherwise.

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

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

     “Participant” has the meaning given to such term in Section 10.6(d).

16

 

     “Parent” has the meaning given to such term in the introductory paragraph hereof.

     “PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT Act of 2001), as amended from time
to time, and any successor statute, and all rules and regulations from time to time promulgated
thereunder.

     “Payment Office” means the office of the Administrative Agent designated on Schedule
1.1(a) under the heading “Instructions for wire transfers to the Administrative Agent,” or such
other office as the Administrative Agent may designate to the Lenders and the Borrowers for such
purpose from time to time.

     “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Subtitle
A of Title IV of ERISA, and any successor thereto.

     “Permitted Acquisition” means any Acquisition permitted to be consummated pursuant to
the terms in Section 7.5.

     “Permitted Asset Disposition” means any Asset Disposition permitted under Section
7.4(iv).

     “Permitted Liens” has the meaning given to such term in Section 7.3.

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

     “Plan” means any “employee pension benefit plan” within the meaning of Section 3(2) of
ERISA that is subject to the provisions of Title IV of ERISA (other than a Multiemployer Plan) and
to which the Parent or any ERISA Affiliate may have any liability.

     “PPA 2006 Effective Date” means, with respect to any Plan, except as hereinafter
provided, the first day of the first plan year beginning on or after January 1, 2008. However,
solely with respect to a Plan maintained pursuant to one or more collective bargaining agreements
between employee representatives and one or more employers ratified before January 1, 2008, such
term means the first day of the first plan year beginning on or after the earlier of (A) and (B),
where: (A) is the later of (x) the date on which the last collective bargaining agreement relating
to the Plan terminates (determined without regard to any extension thereof agreed to after August
17, 2006), or (y) the first day of the first plan year beginning on or after January 1, 2008; and
(B) is January 1, 2010.

     “Pro Forma Basis” has the meaning given to such term in Section 1.3(b).

     “Prohibited Transaction” means any transaction described in (i) Section 406 of ERISA
that is not exempt by reason of Section 408 of ERISA or by reason of a Department of Labor
prohibited transaction individual or class exemption or (ii) Section 4975(c) of the Code that is
not exempt by reason of Section 4975(c)(2) or 4975(d) of the Code.

17

 

     “Projections” has the meaning given to such term in Section 4.11(b).

     “Realty” means all real property and interests in real property now or hereafter
acquired or leased by any Credit Party.

     “Reference Period” with respect to any date of determination, means (except as may be
otherwise expressly provided herein) the period of twelve consecutive fiscal months of the Parent
immediately preceding such date or, if such date is the last day of a fiscal quarter, the period of
four consecutive fiscal quarters ending on such date.

     “Register” has the meaning given to such term in Section 10.6(c).

     “Regulations T, U and X” means Regulations T, U and X, respectively, of the Federal
Reserve Board, and any successor regulations.

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

     “Reportable Event” means, with respect to any Plan, (i) any “reportable event” within
the meaning of Section 4043(c) of ERISA for which the 30-day notice under Section 4043(a) of ERISA
has not been waived by the PBGC (including, without limitation, any failure to meet the minimum
funding standard of, or timely make any required installment under, Section 412 of the Code or
Section 302 of ERISA, regardless of the issuance of any waivers in accordance with Section 412(d)
of the Code), (ii) any such “reportable event” subject to advance notice to the PBGC under Section
4043(b)(3) of ERISA, (iii) any application for a funding waiver or an extension of any amortization
period pursuant to Section 412 of the Code, and (iv) a cessation of operations described in Section
4062(e) of ERISA.

     “Required Lenders” means, at any time, the Lenders holding outstanding Loans and
Unutilized Commitments (or, after the termination of the Commitments, outstanding Loans)
representing at least a majority of the aggregate, at such time, of all outstanding Loans and
Unutilized Commitments (or, after the termination of the Commitments, all outstanding Loans),
provided that the Commitment of, and the portion of the outstanding Loans held or deemed held by,
any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.

     “Requirement of Law” means, with respect to any Person, the charter, articles or
certificate of organization or incorporation and bylaws or other organizational or governing
documents of such Person, and any statute, law, treaty, rule, regulation, order, decree, writ,
injunction or determination of any arbitrator or court or other Governmental Authority or any
Self-Regulatory Organization, in each case applicable to or binding upon such Person or any of its
property or to which such Person or any of its property is subject or otherwise pertaining to any
or all of the transactions contemplated by this Agreement and the other Credit Documents.

     “Reserve Requirement” means, with respect to any Interest Period, the reserve
percentage (expressed as a decimal and rounded upwards, if necessary, to the next higher
1/100th of 1%) in effect from time to time during such Interest Period, as provided by
the Federal Reserve Board,

18

 

applied for determining the maximum reserve requirements (including, without limitation,
basic, supplemental, marginal and emergency reserves) applicable to Wachovia under Regulation D
with respect to “Eurocurrency liabilities” within the meaning of Regulation D, or under any similar
or successor regulation with respect to Eurocurrency liabilities or Eurocurrency funding.

     “Responsible Officer” means, with respect to any Credit Party, the president, the
chief executive officer, the chief financial officer, any executive officer, or any other Financial
Officer of such Credit Party, and any other officer or similar official thereof responsible for the
administration of the obligations of such Credit Party in respect of this Agreement or any other
Credit Document.

     “Sanctioned Country” means a country subject to a sanctions program identified on the
list maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/-sanctions/index.html, or as otherwise published from time to time.

     “Sanctioned Person” means (i) a Person named on the list of Specially Designated
Nationals or Blocked Persons maintained by OFAC available at http://www.treas.gov/-offices/enforcement/ofac/sdn/index.html, or as otherwise published from time to time, or
(ii) (A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a
Sanctioned Country, or (C) a Person resident in a Sanctioned Country, to the extent subject to a
sanctions program administered by OFAC.

     “Self Regulatory Organization” means any U.S. or foreign commission, board, agency or
body that is not a Governmental Authority, but is charged with the supervision or regulation of
brokers, dealers, securities underwriting or trading, stock exchanges, commodities exchanges,
electronic communication networks, insurance companies or agents, investment companies or
investment advisors.

     “Subsidiary” means, with respect to any Person, any corporation or other Person of
which more than fifty percent (50%) of the outstanding Capital Stock having ordinary voting power
to elect a majority of the board of directors, board of managers or other governing body of such
Person, is at the time, directly or indirectly, owned or controlled by such Person and one or more
of its other Subsidiaries or a combination thereof (irrespective of whether, at the time,
securities of any other class or classes of any such corporation or other Person shall or might
have voting power by reason of the happening of any contingency). When used without reference to a
parent entity, the term “Subsidiary” shall be deemed to refer to a Subsidiary of the Parent.

     “Subsidiary Guarantor” means any Guarantor that is a Subsidiary of the Parent.

     “Target” has the meaning given to such term in Section 5.10(a)(i).

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

     “Terminating Liquidity Facility” has the meaning set forth in Section 3.1(d).

19

 

     “Termination Date” means the Maturity Date or such earlier date of termination of the
Commitments pursuant to Section 2.5 or Section 8.2.

     “The Clearing Corporation” means The Clearing Corporation, a Delaware corporation and
a Subsidiary of the Borrower.

     “Total Funded Debt” means, as of any date of determination, the aggregate principal
amount of all Indebtedness of the Parent and its Subsidiaries as of such date, determined on a
consolidated basis in accordance with GAAP.

     “Total Leverage Ratio” means, as of the last day of any Reference Period ending on the
last day of a fiscal quarter, the ratio of (i) Total Funded Debt as of such date to (ii)
Consolidated EBITDA for such Reference Period.

     “Total Voting Power” means, with respect to any Person, the total number of votes
which may be cast in the election of directors of such Person at any meeting of stockholders of
such Person if all securities entitled to vote in the election of directors of such Person (on a
fully diluted basis, assuming the exercise, conversion or exchange of all rights, warrants, options
and securities exercisable for, exchangeable for or convertible into, such voting securities) were
present and voted at such meeting (other than votes that may be cast only upon the happening of a
contingency).

     “Type” has the meaning given to such term in Section 2.2(a).

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

     “Unutilized Commitment” means, with respect to any Lender at any time, such Lender’s
Commitment at such time less the aggregate principal amount of all Loans made by such
Lender that are outstanding at such time.

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

     “Wachovia Fee Letter” means the letter from Wachovia and Wachovia Capital Markets,
LLC, to the Parent, dated February 18, 2009, relating to certain fees payable by the Parent in
respect of the transactions contemplated by this Agreement, as amended, modified, restated or
supplemented from time to time.

     “Wholly-Owned” means, with respect to any Subsidiary of any Person, that 100% of the
outstanding Capital Stock of such Subsidiary (excluding any directors’ qualifying shares and shares
required to be held by foreign nationals, in the case of a Foreign Subsidiary) is owned, directly
or indirectly, by such Person.

     1.2 Accounting Terms. Unless otherwise specified herein, all accounting terms used herein shall be interpreted,
all accounting determinations hereunder shall be made, and all

20

 

financial statements required to be delivered hereunder shall be prepared in accordance with, GAAP applied on a basis consistent with
the most recent audited consolidated financial statements of the Parent and its Subsidiaries
delivered to the Lenders prior to the Closing Date; provided that if the Parent notifies
the Administrative Agent that it wishes to amend any financial covenant in Article VI to eliminate
the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent
notifies the Borrowers that the Required Lenders wish to amend Article VI for such purpose), then
the Borrowers’ compliance with such covenant shall be determined on the basis of GAAP as in effect
immediately before the relevant change in GAAP became effective, until either such notice is
withdrawn or such covenant is amended in a manner satisfactory to the Borrowers and the Required
Lenders.

     1.3 Other Terms; Construction.

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

     (b) Notwithstanding the foregoing, calculations to determine compliance by the Borrowers for
any period with the Total Leverage Ratio covenant as set forth in Article VI, and calculations of
the financial covenants contained in Article VI to determine whether a condition to a Permitted
Acquisition, Permitted Asset Disposition, permitted incurrence of Indebtedness or other transaction
has been met, shall be determined in each case on a pro forma basis (a “Pro Forma Basis”)
after giving effect to any Acquisition, Asset Disposition, incurrence of Indebtedness or other
transaction (each, a “transaction”) occurring during such period (or proposed to be
consummated, as the case may be) as if such transaction had occurred as of the first day of such
period, in accordance with the following:

     (i) any Indebtedness incurred or assumed by any Credit Party in connection with any
transaction (including any Indebtedness of a Person acquired in a Permitted Acquisition that
is not retired or repaid in connection therewith) shall be deemed to have

21

 

been incurred or
assumed as of the first day of the applicable period (and if such Indebtedness has a
floating or formula rate, such Indebtedness shall, for purposes of such determination, have
an implied rate of interest during the applicable period determined by utilizing the rate of
interest that is or would be in effect with respect to such Indebtedness as of the date of
determination);

     (ii) any Indebtedness retired or repaid in connection with any transaction (including
any Indebtedness of a Person acquired in a Permitted Acquisition) shall be deemed to have
been retired or repaid as of the first day of the applicable period;

     (iii) with respect to any Permitted Acquisition, (A) income statement items (whether
positive or negative) and balance sheet items attributable to the Person or assets acquired
shall (to the extent not otherwise included in the consolidated financial statements of the
Parent and its Subsidiaries in accordance with GAAP or in accordance with other provisions
of this Agreement) be included in such calculations to the extent relating to the applicable
period, provided that such income statement and balance sheet items are reflected in
financial statements or other financial data reasonably acceptable to the Administrative
Agent, and (B) operating expense reductions, cost savings and other pro forma adjustments
attributable to such Permitted Acquisition may be included to the extent that such
adjustments (y) would be permitted pursuant to Article XI of Regulation S-X under the
Securities Act (irrespective of whether either Borrower is subject thereto) or (z) have been
approved in writing by the Administrative Agent; and

     (iv) with respect to any Permitted Asset Disposition, income statement items (whether
positive or negative) and balance sheet items attributable to the assets disposed of shall
be excluded from such calculations to the extent relating to the applicable period.

ARTICLE II

AMOUNT AND TERMS OF THE LOANS

     2.1 Commitments. Each Lender severally agrees, subject to and on the terms and conditions of this Agreement,
to make loans (each, a “Loan,” and collectively, the “Loans”) to any Borrower (on a
several basis), from time to time on any Business Day during the period from and including the
Closing Date to but not including the Termination Date, in an aggregate principal amount at any
time outstanding not exceeding its Commitment; provided that no Borrowing of Loans shall be
made if, immediately after giving effect thereto (y) the aggregate Loans would exceed the aggregate
Commitments at such time or (z) the aggregate Loans made to ICE Trust would exceed $100,000,000.
Subject to and on the terms and conditions of this Agreement, each Borrower may borrow, repay and
reborrow its Loans.

     2.2 Borrowings.

     (a) The Loans shall, at the option of the applicable Borrower and subject to the terms and
conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a “Type” of
Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise
specifically provided herein, be of the same Type.

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     (b) In order to make a Borrowing (other than Borrowings involving continuations or conversions
of outstanding Loans, which shall be made pursuant to Section 2.11), the applicable Borrower will
give the Administrative Agent written notice not later than 11:00 a.m., Charlotte time, three (3)
Business Days prior to each Borrowing to be comprised of LIBOR Loans and not later than 10:00 a.m.,
Charlotte time, on the Business Day of any Borrowing to be comprised of Base Rate Loans;
provided, however, that requests for the Borrowing of any Loans to be made on the
Closing Date may, at the discretion of the Administrative Agent, be given with less advance notice
than as specified hereinabove. Each such notice (each, a “Notice of Borrowing”) shall be
irrevocable, shall be given in the form of Exhibit B-1 and shall specify (1) the aggregate
principal amount and initial Type of the Loans to be made pursuant to such Borrowing, (2) in the
case of a Borrowing of LIBOR Loans, the initial Interest Period to be applicable thereto, and (3)
the requested Borrowing Date, which shall be a Business Day. Upon its receipt of a Notice of
Borrowing, the Administrative Agent will promptly notify each applicable Lender of the proposed
Borrowing. Notwithstanding anything to the contrary contained herein:

     (i) the aggregate principal amount of each Borrowing comprised of Base Rate Loans shall
not be less than $3,000,000 or, if greater, an integral multiple of $1,000,000 in excess
thereof (or, in the case of a Borrowing of Loans, if less, in the amount of the aggregate
Unutilized Commitments) or, if less, in the amount of the aggregate Unutilized Commitments,
and the aggregate principal amount of each Borrowing comprised of LIBOR Loans shall not be
less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof;

     (ii) if a Borrower shall have failed to designate the Type of Loans comprising a
Borrowing, such Borrower shall be deemed to have requested a Borrowing comprised of Base
Rate Loans; and

     (iii) if a Borrower shall have failed to select the duration of the Interest Period to
be applicable to any Borrowing of LIBOR Loans, then such Borrower shall be deemed to have
selected an Interest Period with a duration of one month.

     (c) Not later than 1:00 p.m., Charlotte time, on the requested Borrowing Date, each applicable
Lender will make available to the Administrative Agent at the Payment Office an amount, in Dollars
and in immediately available funds, equal to the amount of the Loan or Loans to be made by such
Lender. To the extent such Lenders have made such amounts available to the Administrative Agent as
provided hereinabove, the Administrative Agent will make the aggregate of such amounts available to
the applicable Borrower in accordance with Section 2.3(a) and in like funds as received by the
Administrative Agent.

     2.3 Disbursements; Funding Reliance; Domicile of Loans.

     (a) Each Borrower hereby authorizes the Administrative Agent to disburse the proceeds of each
Borrowing in accordance with the terms of any written instructions from any Authorized Officer of
such Borrower, provided that the Administrative Agent shall not be obligated under any
circumstances to forward amounts to any account not listed in an Account Designation Letter. Each
Borrower may at any time deliver to the Administrative Agent an

23

 

Account Designation Letter listing
any additional accounts or deleting any accounts listed in a previous Account Designation Letter.

     (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has
made such share available on such date in accordance with Section 2.2 and may, in reliance upon
such assumption, make available to the applicable Borrower a corresponding amount. In such event,
if a Lender has not in fact made its share of the applicable Borrowing available to the
Administrative Agent, then the applicable Lender and such Borrower severally agree to pay to the
Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each
day from and including the date such amount is made available to such Borrower to but excluding the
date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such
Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation and (ii) in the case of a payment
to be made by such Borrower, the Adjusted Base Rate. If such Borrower and such Lender shall pay
such interest to the Administrative Agent for the same or an overlapping period, the Administrative
Agent shall promptly remit to such Borrower the amount of such interest paid by the Borrower for
such period. If such Lender pays its share of the applicable Borrowing to the Administrative
Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any
payment by any Borrower shall be without prejudice to any claim such Borrower may have against a
Lender that shall have failed to make such payment to the Administrative Agent.

     (c) The obligations of the Lenders hereunder to make Loans and to make payments pursuant to
Section 10.1(c) are several and not joint. The failure of any Lender to make any Loan, to fund any
such participation or to make any such payment on any date shall not relieve any other Lender of
its corresponding obligation, if any, hereunder to do so on such date, but no Lender shall be
responsible for the failure of any other Lender to so make its Loan, purchase its participation or
to make any such payment required hereunder.

     (d) Each Lender may, at its option, make and maintain any Loan at, to or for the account of
any of its Lending Offices, provided that any exercise of such option shall not affect the
obligation of each Borrower to repay its Loans to or for the account of such Lender in accordance
with the terms of this Agreement.

     2.4 Evidence of Debt; Notes.

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

     (b) The Administrative Agent shall maintain the Register pursuant to Section 10.6(c), and a
subaccount for each Lender, in which Register and subaccounts (taken together) shall be recorded
(i) the amount of each such Loan, the Type of each such Loan and the Interest Period

24

 

applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable
from each Borrower to each Lender hereunder in respect of each such Loan and (iii) the amount of
any sum received by the Administrative Agent hereunder from each Borrower in respect of each such
Loan and each Lender’s share thereof.

     (c) The entries made in the Register and subaccounts maintained pursuant to Section 2.4(b)
(and, if consistent with the entries of the Administrative Agent, the accounts maintained pursuant
to Section 2.4(a)) shall, to the extent permitted by applicable law, be conclusive absent manifest
error of the existence and amounts of the obligations of the Borrowers therein recorded;
provided, however, that the failure of any Lender or the Administrative Agent to
maintain such account, such Register or such subaccount, as applicable, or any error therein, shall
not in any manner affect the obligation of each Borrower to repay (with applicable interest) the
Loans made to such Borrower by such Lender in accordance with the terms of this Agreement.

     (d) The Loans made by each Lender shall, if requested by the applicable Lender (which request
shall be made to the Administrative Agent), be evidenced by a Note appropriately completed in
substantially the form of Exhibit A executed by the applicable Borrower and payable to the order of
such Lender. Each Note shall be entitled to all of the benefits of this Agreement and the other
Credit Documents and shall be subject to the provisions hereof and thereof.

     2.5 Termination and Reduction of Commitments.

     (a) The Commitments shall be automatically and permanently terminated on the Termination Date.

     (b) At any time and from time to time after the date hereof, upon not less than five (5)
Business Days’ prior written notice to the Administrative Agent, the Borrowers may terminate in
whole or reduce in part the aggregate Unutilized Commitments, provided that any such
partial reduction shall be in an aggregate amount of not less than $5,000,000 or, if greater, an
integral multiple of $1,000,000 in excess thereof. The amount of any termination or reduction made
under this Section 2.5(b) may not thereafter be reinstated.

     (c) Each reduction of the Commitments pursuant to this Section 2.5 shall be applied ratably
among the Lenders according to their respective Commitments.

     2.6 Mandatory Payments.

     (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the
aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

     (b) In the event that, at any time, the aggregate principal amount of the Loans shall exceed
the aggregate Commitments at such time (after giving effect to any concurrent termination or
reduction thereof), the Borrowers will immediately prepay the Loans in the amount of such excess.

25

 

     2.7 Voluntary Prepayments.

     (a) At any time and from time to time, each Borrower shall have the right to prepay the Loans
made to it, in whole or in part, without premium or penalty (except as provided in clause (iii)
below), upon written notice given to the Administrative Agent not later than 11:00 a.m., Charlotte
time, three (3) Business Days prior to each intended prepayment of LIBOR Loans and one (1) Business
Day prior to each intended prepayment of Base Rate Loans, provided that (i) each partial
prepayment of LIBOR Loans shall be in an aggregate principal amount of not less than $5,000,000 or,
if greater, an integral multiple of $1,000,000 in excess thereof, and each partial prepayment of
Base Rate Loans shall be in an aggregate principal amount of not less than $3,000,000 or, if
greater, an integral multiple of $1,000,000 in excess thereof, (ii) no partial prepayment of LIBOR
Loans made pursuant to any single Borrowing shall reduce the aggregate outstanding principal amount
of the remaining LIBOR Loans under such Borrowing to less than $5,000,000 or to any greater amount
not an integral multiple of $1,000,000 in excess thereof, and (iii) unless made together with all
amounts required under Section 2.17 to be paid as a consequence of such prepayment, a prepayment of
a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto. Each such
notice shall specify the proposed date of such prepayment and the aggregate principal amount and
Type of the Loans to be prepaid (and, in the case of LIBOR Loans, the Interest Period of the
Borrowing pursuant to which made), and shall be irrevocable and shall bind the applicable Borrower
to make such prepayment on the terms specified therein. Loans prepaid pursuant to this Section
2.7(a) may be reborrowed, subject to the terms and conditions of this Agreement. In the event the
Administrative Agent receives a notice of prepayment under this Section, the Administrative Agent
will give prompt notice thereof to the Lenders; provided that if such notice has also been
furnished to the Lenders, the Administrative Agent shall have no obligation to notify the Lenders
with respect thereto.

     (b) Each prepayment of the Loans made pursuant to Section 2.7(a) shall be applied ratably
among the Lenders holding the Loans being prepaid, in proportion to the principal amount held by
each.

     2.8 Interest.

     (a) Subject to Section 2.8(b), each Borrower will pay interest in respect of the unpaid
principal amount of each Loan made to it, from the date of Borrowing thereof until such principal
amount shall be paid in full, (i) at the Adjusted Base Rate, as in effect from time to time during
such periods as such Loan is a Base Rate Loan, and (ii) at the Adjusted LIBOR Rate, as in effect
from time to time during such periods as such Loan is a LIBOR Loan.

     (b) Upon the occurrence and during the continuance of any Event of Default under Sections
8.1(a), 8.1(f), or 8.1(g) and (at the election of the Required Lenders) upon the occurrence and
during the continuance of any other Event of Default, all outstanding principal amounts of the
Loans and, to the greatest extent permitted by law, all interest accrued on the
Loans and all other accrued and outstanding fees and other amounts hereunder, shall bear
interest at a rate per annum equal to the interest rate applicable from time to time thereafter to
such Loans plus 2% (or, in the case of interest, fees and other amounts for which no rate is
provided hereunder, at the Adjusted Base Rate plus 2%), and, in each case, such default interest
shall be payable on demand. To the greatest extent permitted by law, interest shall continue to
accrue

26

 

after the filing by or against any Borrower of any petition seeking any relief in bankruptcy
or under any law pertaining to insolvency or debtor relief.

     (c) Accrued (and theretofore unpaid) interest shall be payable as follows:

     (i) in respect of each Base Rate Loan (including any Base Rate Loan or portion thereof
paid or prepaid pursuant to the provisions of Section 2.6, except as provided hereinbelow),
in arrears on the last Business Day of each calendar quarter, beginning with the first such
day to occur after the Closing Date; provided, that in the event the Loans are
repaid or prepaid in full and the Commitments have been terminated, then accrued interest in
respect of all Base Rate Loans shall be payable together with such repayment or prepayment
on the date thereof;

     (ii) in respect of each LIBOR Loan (including any LIBOR Loan or portion thereof paid or
prepaid pursuant to the provisions of Section 2.6, except as provided hereinbelow), in
arrears (y) on the last Business Day of the Interest Period applicable thereto (subject to
the provisions of Section 2.10(iv)) and (z) in addition, in the case of a LIBOR Loan with an
Interest Period having a duration of six months or longer, on each date on which interest
would have been payable under clause (y) above had successive Interest Periods of three
months’ duration been applicable to such LIBOR Loan; provided, that in the event all
LIBOR Loans made pursuant to a single Borrowing are repaid or prepaid in full, then accrued
interest in respect of such LIBOR Loans shall be payable together with such repayment or
prepayment on the date thereof; and

     (iii) in respect of any Loan, at maturity (whether pursuant to acceleration or
otherwise) and, after maturity, on demand.

     (d) Nothing contained in this Agreement or in any other Credit Document shall be deemed to
establish or require the payment of interest to any Lender at a rate in excess of the maximum rate
permitted by applicable law. If the amount of interest payable for the account of any Lender on
any interest payment date would exceed the maximum amount permitted by applicable law to be charged
by such Lender, the amount of interest payable for its account on such interest payment date shall
be automatically reduced to such maximum permissible amount. In the event of any such reduction
affecting any Lender, if from time to time thereafter the amount of interest payable for the
account of such Lender on any interest payment date would be less than the maximum amount permitted
by applicable law to be charged by such Lender, then the amount of interest payable for its account
on such subsequent interest payment date shall be automatically increased to such maximum
permissible amount, provided that at no time shall the aggregate amount by which interest
paid for the account of any Lender has been increased pursuant to this sentence exceed the
aggregate amount by which interest paid for its account has theretofore been reduced pursuant to
the previous sentence.

     (e) The Administrative Agent shall promptly notify the applicable Borrower and the Lenders
upon determining the interest rate for each Borrowing of LIBOR Loans after its receipt of the
relevant Notice of Borrowing or Notice of Conversion/Continuation, and upon each change in the Base
Rate; provided, however, that the failure of the Administrative Agent to provide
such Borrower or the Lenders with any such notice shall neither affect any obligations of

27

 

the Borrowers or the Lenders hereunder nor result in any liability on the part of the Administrative
Agent to the Borrowers or any Lender. Each such determination (including each determination of the
Reserve Requirement) shall, absent manifest error, be conclusive absent manifest error and binding
on all parties hereto.

     2.9 Fees. The Parent agrees to pay:

     (a) To Wachovia, for its own account, the administrative fee required under the Wachovia Fee
Letter to be paid to Wachovia, in the amounts due and at the times due as required by the terms
thereof; and

     (b) To the Administrative Agent, for the account of each Lender, a commitment fee for each
calendar quarter (or portion thereof) for the period from and including the Closing Date to but
excluding the Termination Date, at a per annum rate equal to the Applicable Percentage in effect
for such fee from time to time during such quarter on such Lender’s ratable share (based on the
proportion that its Commitment bears to the aggregate Commitments) of the average daily aggregate
Unutilized Commitments (excluding clause (ii) of the definition thereof for purposes of this
Section 2.9(b) only), payable in arrears (i) on the last Business Day of each calendar quarter,
beginning with the first such day to occur after the Closing Date, and (ii) on the Termination
Date.

     2.10 Interest Periods. Concurrently with the giving of a Notice of Borrowing or Notice of Conversion/Continuation
in respect of any Borrowing comprised of Base Rate Loans to be converted into, or LIBOR Loans to be
continued as, LIBOR Loans, the applicable Borrower shall have the right to elect, pursuant to such
notice, the interest period (each, an “Interest Period”) to be applicable to such LIBOR
Loans, which Interest Period shall, at the option of such Borrower, be a one, two, three or
six-month period; provided, however, that:

     (i) all LIBOR Loans comprising a single Borrowing shall at all times have the same
Interest Period;

     (ii) the initial Interest Period for any LIBOR Loan shall commence on the date of the
Borrowing of such LIBOR Loan (including the date of any continuation of, or conversion into,
such LIBOR Loan), and each successive Interest Period applicable to such LIBOR Loan shall
commence on the day on which the next preceding Interest Period applicable thereto expires;

     (iii) LIBOR Loans may not be outstanding under more than five (5) separate Interest
Periods at any one time (for which purpose Interest Periods shall be deemed to be separate
even if they are coterminous);

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

     (v) a Borrower may not select any Interest Period that expires after the Maturity Date,
with respect to Loans that are to be maintained as LIBOR Loans;

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     (vi) if any Interest Period begins on a day for which there is no numerically
corresponding day in the calendar month during which such Interest Period would otherwise
expire, such Interest Period shall expire on the last Business Day of such calendar month;
and

     (vii) a Borrower may not select any Interest Period (and consequently, no LIBOR Loans
shall be made) if a Default or Event of Default shall have occurred and be continuing at the
time of such Notice of Borrowing or Notice of Conversion/Continuation with respect to any
Borrowing.

     2.11 Conversions and Continuations.

     (a) The applicable Borrower shall have the right, on any Business Day occurring on or after
the Closing Date, to elect (i) to convert all or a portion of the outstanding principal amount of
any Base Rate Loans into LIBOR Loans, or to convert any LIBOR Loans, the Interest Periods for which
end on the same day, into Base Rate Loans, or (ii) upon the expiration of any Interest Period, to
continue all or a portion of the outstanding principal amount of any LIBOR Loans, the Interest
Periods for which end on the same day, for an additional Interest Period, provided that (w)
any such conversion of LIBOR Loans into Base Rate Loans shall involve an aggregate principal amount
of not less than $3,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof;
any such conversion of Base Rate Loans into, or continuation of, LIBOR Loans shall involve an
aggregate principal amount of not less than $5,000,000 or, if greater, an integral multiple of
$1,000,000 in excess thereof; and no partial conversion of LIBOR Loans made pursuant to a single
Borrowing shall reduce the outstanding principal amount of such LIBOR Loans to less than $5,000,000
or to any greater amount not an integral multiple of $1,000,000 in excess thereof, (x) except as
otherwise provided in Section 2.15(f), LIBOR Loans may be converted into Base Rate Loans only on
the last day of the Interest Period applicable thereto (and, in any event, if a LIBOR Loan is
converted into a Base Rate Loan on any day other than the last day of the Interest Period
applicable thereto, such Borrower will pay, upon such conversion, all amounts required under
Section 2.17 to be paid as a consequence thereof), and (y) no conversion of Base Rate Loans into
LIBOR Loans or continuation of LIBOR Loans shall be permitted during the continuance of a Default
or Event of Default.

     (b) A Borrower shall make each such election by giving the Administrative Agent written notice
not later than 11:00 a.m., Charlotte time, three (3) Business Days prior to the
intended effective date of any conversion of Base Rate Loans into, or continuation of, LIBOR
Loans and one (1) Business Day prior to the intended effective date of any conversion of LIBOR
Loans into Base Rate Loans. Each such notice (each, a “Notice of Conversion/Continuation”)
shall be irrevocable, shall be given in the form of Exhibit B-2 and shall specify (x) the date of
such conversion or continuation (which shall be a Business Day), (y) in the case of a conversion
into, or a continuation of, LIBOR Loans, the Interest Period to be applicable thereto, and (z) the
aggregate amount and Type of the Loans being converted or continued. Upon the receipt of a Notice
of Conversion/Continuation, the Administrative Agent will promptly notify each applicable Lender of
the proposed conversion or continuation. In the event that any Borrower shall fail to deliver a
Notice of Conversion/Continuation as provided herein with respect to any of its outstanding LIBOR
Loans, such LIBOR Loans shall automatically be converted to Base Rate Loans upon the expiration of
the then current Interest Period applicable thereto (unless

29

 

repaid pursuant to the terms hereof).
In the event that any Borrower shall have failed to select in a Notice of Conversion/Continuation
the duration of the Interest Period to be applicable to any conversion into, or continuation of,
its LIBOR Loans, then such Borrower shall be deemed to have selected an Interest Period with a
duration of one month.

     2.12 Method of Payments; Computations; Apportionment of Payments.

     (a) All payments by a Borrower hereunder shall be made without setoff, counterclaim or other
defense, in Dollars and in immediately available funds to the Administrative Agent, for the account
of the Lenders entitled to such payment, as the case may be (except as otherwise expressly provided
herein as to payments required to be made directly to the Lenders) at the Payment Office prior to
12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove,
but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding
Business Day. If any payment falls due on a day that is not a Business Day, then such due date
shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to
which the provisions of Section 2.10(iv) are applicable, such due date shall be the next preceding
Business Day), and such extension of time shall then be included in the computation of payment of
interest, fees or other applicable amounts.

     (b) The Administrative Agent will distribute to the Lenders like amounts relating to payments
made to the Administrative Agent for the account of the Lenders as follows: (i) if the payment is
received by 12:00 noon, Charlotte time, in immediately available funds, the Administrative Agent
will make available to each relevant Lender on the same date, by wire transfer of immediately
available funds, such Lender’s ratable share of such payment (based on the percentage that the
amount of the relevant payment owing to such Lender bears to the total amount of such payment owing
to all of the relevant Lenders), and (ii) if such payment is received after 12:00 noon, Charlotte
time, or in other than immediately available funds, the Administrative Agent will make available to
each such Lender its ratable share of such payment by wire transfer of immediately available funds
on the next succeeding Business Day (or in the case of uncollected funds, as soon as practicable
after collected). If the Administrative Agent shall not have made a required distribution to the
appropriate Lenders as required hereinabove after receiving a payment for the account of such
Lenders, the Administrative Agent will pay to each such Lender, on demand, its ratable share of
such payment with interest thereon at the Federal Funds Rate for each day from the date such amount
was required to be disbursed by the Administrative Agent until the date repaid to such Lender.

     (c) Unless the Administrative Agent shall have received notice from the applicable Borrower
prior to the date on which any payment is due to the Administrative Agent for the account of the
Lenders hereunder that such Borrower will not make such payment, the Administrative Agent may
assume that such Borrower has made such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to the Lenders, as the case may be, the amount due. In
such event, if such Borrower has not in fact made such payment, then each Lender, as the case may
be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so
distributed to such Lender, with interest thereon, for each day from and including the date such
amount is distributed to it to but excluding the date of payment to the Administrative Agent, at
the greater of the Federal Funds Rate and a rate

30

 

determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

     (d) All computations of interest and fees hereunder (including computations of the Reserve
Requirement) shall be made on the basis of a year consisting of (i) in the case of interest on Base
Rate Loans, 365/366 days, as the case may be, or (ii) in all other instances, 360 days; and in each
case under (i) and (ii) above, with regard to the actual number of days (including the first day,
but excluding the last day) elapsed.

     (e) Notwithstanding any other provision of this Agreement or any other Credit Document to the
contrary, all amounts collected or received by the Administrative Agent or any Lender after
acceleration of the Loans pursuant to Section 8.2 shall be applied by the Administrative Agent as
follows:

     (i) first, to the payment of all reasonable out-of-pocket costs and expenses
(including, without limitation, reasonable attorneys’ and consultants’ fees irrespective of
whether such fees are allowed as a claim after the occurrence of a Bankruptcy Event) of the
Administrative Agent in connection with enforcing the rights of the Lenders under the Credit
Documents;

     (ii) second, to the payment of any fees owed to the Administrative Agent
hereunder or under any other Credit Document;

     (iii) third, to the payment of all reasonable and documented out-of-pocket
costs and expenses (including, without limitation, reasonable attorneys’ and consultants’
fees irrespective of whether such fees are allowed as a claim after the occurrence of a
Bankruptcy Event) of each of the Lenders in connection with enforcing its rights under the
Credit Documents or otherwise with respect to the Obligations owing to such Lender;

     (iv) fourth, to the payment of all of the Obligations consisting of accrued
fees and interest (including, without limitation, fees incurred and interest accruing at the
then applicable rate after the occurrence of a Bankruptcy Event irrespective of whether a
claim for such fees incurred and interest accruing is allowed in such proceeding);

     (v) fifth, to the payment of the outstanding principal amount of the
Obligations;

     (vi) sixth, to the payment of all other Obligations and other obligations that
shall have become due and payable under the Credit Documents and not repaid; and

     (vii) seventh, to the payment of the surplus (if any) to whomever may be
lawfully entitled to receive such surplus.

In carrying out the foregoing, (x) amounts received shall be applied in the numerical order
provided until exhausted prior to application to the next succeeding category, and (y) all amounts
shall be apportioned ratably among the Lenders in proportion to the amounts of such principal,
interest, fees or other Obligations owed to them respectively pursuant to clauses (iii) through
(vii) above.

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     2.13 Recovery of Payments.

     (a) Each Borrower agrees that to the extent such Borrower makes a payment or payments to or
for the account of the Administrative Agent or any Lender, which payment or payments or any part
thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or
required to be repaid to a trustee, receiver or any other party under any bankruptcy, insolvency or
similar state or federal law, common law or equitable cause (whether as a result of any demand,
settlement, litigation or otherwise), then, to the extent of such payment or repayment, the
Obligation intended to be satisfied shall be revived and continued in full force and effect as if
such payment had not been received.

     (b) If any amounts distributed by the Administrative Agent to any Lender are subsequently
returned or repaid by the Administrative Agent to the applicable Borrower, its representative or
successor in interest, or any other Person, whether by court order, by settlement approved by the
Lender in question, or pursuant to applicable Requirements of Law, such Lender will, promptly upon
receipt of notice thereof from the Administrative Agent, pay the Administrative Agent such amount.
If any such amounts are recovered by the Administrative Agent from such Borrower, its
representative or successor in interest or such other Person, the Administrative Agent will
redistribute such amounts to the Lenders on the same basis as such amounts were originally
distributed.

     2.14 Pro Rata Treatment.

     (a) All fundings, continuations and conversions of Loans shall be made by the Lenders pro rata
on the basis of their respective Commitments (in the case of the funding of Loans pursuant to
Section 2.2) or on the basis of their respective outstanding Loans (in the case of continuations
and conversions of Loans pursuant to Section 2.11, or in the event the Commitments have expired or
have been terminated), as the case may be from time to time. All payments on account of principal
of or interest on any Loans, fees or any other Obligations owing to or for the account of any one
or more Lenders shall be apportioned ratably among such Lenders in proportion to the amounts of
such principal, interest, fees or other Obligations owed to them respectively.

     (b) 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’s 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 (a)
notify the Administrative Agent of such fact, and (b) 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 (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 Section shall not be construed to
apply to (x) any payment made by any Borrower pursuant to and in accordance with the express terms
of this Agreement or (y) any

32

 

payment obtained by a Lender as consideration for the assignment of or
sale of a participation in any of its Loans to any assignee or participant, other than to the
Parent or any Subsidiary thereof (as to which the provisions of this Section 2.14(b) shall apply).
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. If under any applicable bankruptcy, insolvency or similar law, any Lender
receives a secured claim in lieu of a setoff to which this Section 2.14(b) applies, such Lender
shall, to the extent practicable, exercise its rights in respect of such secured claim in a manner
consistent with the rights of the Lenders entitled under this Section 2.14(b) to share in the
benefits of any recovery on such secured claim.

     2.15 Increased Costs; Change in Circumstances; Illegality.

     (a) If any Change in Law shall:

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

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

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

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any LIBOR Loan (or of maintaining its obligation to make any such Loan), or to reduce
the amount of any sum received or receivable by such Lender hereunder (whether of principal,
interest or any other amount), then, upon request of such Lender, the applicable
Borrower will pay to such Lender, such additional amount or amounts as will compensate such Lender
for such additional costs incurred or reduction suffered.

     (b) If any Lender determines that any Change in Law affecting such Lender or any Lending
Office of such Lender or such Lender’s holding company, if any, regarding capital requirements has
or would have the effect of reducing the rate of return on such Lender’s capital or on the capital
of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of
such Lender or the Loans made by, such Lender, to a level below that which such Lender or such
Lender’s holding company could have achieved but for such Change in Law (taking into consideration
such Lender’s policies and the policies of such Lender’s holding company with respect to capital
adequacy), then from time to time the Parent, or in the

33

 

case of Loans made, the applicable Borrower, will pay to such Lender, such additional amount or amounts as will compensate such Lender
or such Lender’s holding company for any such reduction suffered.

     (c) A certificate of a Lender (which shall be in reasonable detail) setting forth the amount
or amounts necessary to compensate such Lender or its holding company, as specified in Section
2.15(a) or Section 2.15(b) and delivered to the Borrowers shall be conclusive absent manifest
error. The Parent or the applicable Borrower, as the case may be, shall pay such Lender, the
amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.

     (d) Failure or delay on the part of any Lender to demand compensation pursuant to the
foregoing provisions of this Section shall not constitute a waiver of such Lender’s right to demand
such compensation, provided that the Borrowers shall not be required to compensate a Lender
pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions
suffered more than 180 days prior to the date that such Lender, notifies the Borrowers of the
Change in Law giving rise to such increased costs or reductions and of such 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 180 day period referred to above shall be extended to
include the period of retroactive effect thereof).

     (e) If, on or prior to the first day of any Interest Period, (y) the Administrative Agent
shall have determined in good faith that adequate and reasonable means do not exist for
ascertaining the applicable LIBOR Rate for such Interest Period or (z) the Administrative Agent
shall have received written notice from the Required Lenders of their determination in good faith
that the rate of interest referred to in the definition of “LIBOR Rate” upon the basis of which the
Adjusted LIBOR Rate for LIBOR Loans for such Interest Period is to be determined will not
adequately and fairly reflect the cost to such Lenders of making or maintaining LIBOR Loans during
such Interest Period, the Administrative Agent will forthwith so notify the Borrowers and the
Lenders. Upon such notice, (i) all then outstanding LIBOR Loans shall automatically, on the
expiration date of the respective Interest Periods applicable thereto (unless then repaid in full),
be converted into Base Rate Loans, (ii) the obligation of the Lenders to make, to convert Base Rate
Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to the Borrowing to
which such Interest Period applies), and (iii) any Notice of Borrowing or Notice of
Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall be deemed to
be a request for Base Rate Loans, in each case until the Administrative Agent or the
Required Lenders, as the case may be, shall have determined that the circumstances giving rise
to such suspension no longer exist (and the Required Lenders, if making such determination, shall
have so notified the Administrative Agent), and the Administrative Agent shall have so notified the
Borrowers and the Lenders.

     (f) Notwithstanding any other provision in this Agreement, if, at any time after the date
hereof and from time to time, any Lender shall have determined in good faith that the introduction
of or any change in any applicable law, rule or regulation or in the interpretation or
administration thereof by any Governmental Authority charged with the interpretation or
administration thereof, or compliance with any guideline or request from any such Governmental
Authority (whether or not having the force of law), has or would have the effect of making it

34

 

unlawful for such Lender to make or to continue to make or maintain LIBOR Loans, such Lender will
forthwith so notify the Administrative Agent and the Borrowers. Upon such notice, (i) each of such
Lender’s then outstanding LIBOR Loans shall automatically, on the expiration date of the respective
Interest Period applicable thereto (or, to the extent any such LIBOR Loan may not lawfully be
maintained as a LIBOR Loan until such expiration date, upon such notice) and to the extent not
sooner prepaid, be converted into a Base Rate Loan, (ii) the obligation of such Lender to make, to
convert Base Rate Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to
any Borrowing for which the Administrative Agent has received a Notice of Borrowing but for which
the Borrowing Date has not arrived), and (iii) any Notice of Borrowing or Notice of
Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall, as to such
Lender, be deemed to be a request for a Base Rate Loan, in each case until such Lender shall have
determined that the circumstances giving rise to such suspension no longer exist and shall have so
notified the Administrative Agent, and the Administrative Agent shall have so notified the
Borrowers.

     2.16 Taxes.

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

     (b) Without limiting the provisions of Section 2.16(a), each Borrower shall timely pay any
Other Taxes to the relevant Governmental Authority in accordance with applicable law.

     (c) Each Borrower shall indemnify the Administrative Agent and each Lender, within ten (10)
Business Days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) paid by the Administrative Agent or such 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 (which shall be
in reasonable detail) as to the amount of such payment or liability delivered to such Borrower by a
Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf
or on behalf of a Lender, shall be conclusive absent manifest error. The Administrative Agent and
each Lender agrees to cooperate with any reasonable request made by any Borrower in respect of a
claim of a refund in respect of Indemnified Taxes as to which it has been indemnified by such
Borrower or with respect to which such Borrower has paid additional amounts pursuant to this
Section 2.16 if (i) such Borrower has agreed in writing to pay all of the Administrative Agent’s or
such Lender’s reasonable out-of-pocket costs and expenses relating to such claim, (ii) the
Administrative Agent or such Lender determines, in its good faith judgment,

35

 

that it would not be disadvantaged, unduly burdened or prejudiced as a result of such claim and (iii) such Borrower
furnishes, upon request of the Administrative Agent or such Lender, an opinion of tax counsel (such
opinion and such counsel to be reasonably acceptable to the Administrative Agent or such Lender) to
the effect that such Indemnified Taxes were wrongly or illegally imposed.

     (d) 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.

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

     Without limiting the generality of the foregoing, in the event that any Borrower is resident
for tax purposes in the United States, any Foreign Lender shall deliver to such 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 request of such Borrower or the Administrative Agent, but only if such
Foreign Lender is legally entitled to do so), whichever of the following is applicable:

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

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

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

36

 

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

     (f) If the Administrative Agent or any Lender determines 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
such Borrower has paid additional amounts pursuant to this Section, it shall 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 or such 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 or such 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 or such Lender in the event the Administrative Agent or such Lender is
required to repay such refund to such Governmental Authority. This Section 2.16(f) shall not be
construed to require the Administrative Agent or any Lender to make available its tax returns (or
any other information relating to its taxes that it deems confidential) to a Borrower or any other
Person.

     2.17 Compensation. Each Borrower will compensate each Lender upon demand for all losses, expenses and
liabilities (including, without limitation, any loss, expense or liability incurred by reason of
the liquidation or reemployment of deposits or other funds required by such Lender to fund or
maintain LIBOR Loans) that such Lender may incur or sustain (i) if for any reason (other than a
default by such Lender) a Borrowing or continuation of, or conversion into, a LIBOR Loan made to
such Borrower does not occur on a date specified therefor in a Notice of Borrowing or Notice of
Conversion/Continuation, (ii) if any repayment, prepayment or conversion of any LIBOR Loan made to
such Borrower occurs on a date other than the last day of an Interest Period applicable thereto
(including as a consequence of any assignment made pursuant to Section 2.18(a) or any acceleration
of the maturity of the Loans pursuant to Section 8.2), (iii) if any prepayment of any LIBOR Loan
made to such Borrower is not made on any date specified in a notice of prepayment given by such
Borrower or (iv) as a consequence of any other failure by such Borrower to make any payments with
respect to any LIBOR Loan made to such Borrower when due hereunder. Calculation of all amounts
payable to a Lender under this Section 2.17 shall be made as though such Lender had actually funded its relevant LIBOR Loan through the
purchase of a Eurodollar deposit bearing interest at the LIBOR Rate in an amount equal to the
amount of such LIBOR Loan, having a maturity comparable to the relevant Interest Period;
provided, however, that each Lender may fund its LIBOR Loans in any manner it sees
fit and the foregoing assumption shall be utilized only for the calculation of amounts payable
under this Section 2.17. A certificate (which shall be in reasonable detail) showing the bases for
the determinations set forth in this Section 2.17 by any Lender as to any additional amounts
payable pursuant to this Section 2.17 shall be submitted by such Lender to the applicable Borrower
either directly or through the Administrative Agent. Determinations set forth in any such
certificate made in good faith for purposes of this Section 2.17 of any such losses, expenses or
liabilities shall be conclusive absent manifest error.

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     2.18 Replacement of Lenders; Mitigation of Costs.

     (a) The Parent may, at any time (other than after the occurrence and during the continuance of
an Event of Default) at its sole expense and effort, require any Lender (i) that has requested
compensation from any Borrower under Sections 2.15(a) or 2.15(b) or payments from any Borrower
under Section 2.16, or (ii) the obligation of which to make or maintain LIBOR Loans has been
suspended under Section 2.15(f) or (iii) that is a Defaulting Lender or a Nonconsenting Lender, in
any case upon notice to such Lender and the Administrative Agent, to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in, and consents required
by, Section 10.6), all of its interests, rights and obligations under this Agreement and the
related Credit Documents to an assignee that shall assume such obligations (which assignee may be
another Lender, if a Lender accepts such assignment); provided that:

     (i) the Administrative Agent shall have received the assignment fee specified in
Section 10.6(b)(iv), which fee shall be payable by the Borrower or such assignee;

     (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable
to it hereunder and under the other Credit Documents (including any amounts under Section
2.17) from the assignee (to the extent of such outstanding principal and accrued interest
and fees) or the applicable Borrower (in the case of all other amounts);

     (iii) in the case of any such assignment resulting from a request for compensation
under Sections 2.15(a) or 2.15(b) or payments required to be made pursuant to Section 2.16,
such assignment will result in a reduction in such compensation or payments thereafter;

     (iv) in the case of an assignment of the interests, rights and obligations under this
Agreement and the related Credit Documents of a Nonconsenting Lender, such assignee shall
have approved (or shall approve) such consent, waiver or amendment that resulted in the
Nonconsenting Lender becoming a Nonconsenting Lender; and

     (v) such assignment does not conflict with applicable Requirements of 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 Parent to require
such assignment and delegation cease to apply.

     (b) If any Lender requests compensation under Sections 2.15(a) or 2.15(b), or a Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 2.16, or if any Lender gives a notice pursuant to Section
2.15(f), 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 Sections 2.15(a), 2.15(b) or
2.16, as the case may be, in the future, or eliminate the need for the

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notice pursuant to Section 2.15(f), as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed
cost or expense and would not otherwise be disadvantageous to such Lender. The Parent, on behalf
of the Borrowers, hereby agrees to pay all reasonable costs and expenses incurred by any Lender in
connection with any such designation or assignment.

     2.19 Increase in Commitments.

     (a) From time to time on and after the Closing Date and prior to the Termination Date, the
Parent may, upon at least 30 days notice to the Administrative Agent (which shall promptly provide
a copy of such notice to the Lenders), propose to increase the aggregate amount of the Commitments
by an amount which (i) is not less than $25,000,000 or, if greater, an integral multiple of
$1,000,000 in excess thereof, with respect to any such request and (ii) when aggregated with all
prior and concurrent increases in the Commitments pursuant to this Section 2.19, is not in excess
of $100,000,000. The Parent may increase the aggregate amount of the Commitments by (x) having
another lender or lenders (each, an “Additional Lender”) become party to this Agreement,
(y) agreeing with any Lender (with the consent of such Lender in its sole discretion) to increase
its Commitment hereunder (each, an “Increasing Lender”) or (z) a combination of the
procedures described in clauses (x) and (y) of this sentence; provided that no Lender shall
be obligated to increase its Commitment without its consent.

     (b) Any increase in the Commitments pursuant to this Section 2.19 shall be subject to
satisfaction of the following conditions:

     (i) Each of the representations and warranties contained in Article IV and in the other
Credit Documents qualified as to materiality shall be true and correct and those not so
qualified shall be true and correct in all material respects, in each case on and as of such
date of increase with the same effect as if made on and as of such date, both immediately
before and after giving effect to such increase (except to the extent any such
representation or warranty is expressly stated to have been made as of a specific date, in
which case such representation or warranty shall be true and correct as of such date); and

     (ii) At the time of such increase, no Default or Event of Default shall have occurred
and be continuing or would result from such increase; and

     (c) Upon any increase in the amount of the Commitments pursuant to this Section 2.19 (each, an
“Additional Commitment”):

     (i) Each Additional Lender or existing Lender agreeing to increase its Commitment
pursuant to this Section 2.19 shall enter into a Joinder Agreement pursuant to which such
Additional Lender and/or Increasing Lender shall, as of the effective date, undertake an
Additional Commitment (or, in the case of an Increasing Lender, pursuant to which such
Increasing Lender’s Commitment shall be increased in the agreed amount on such date) and
such Additional Lender shall thereupon become (or, if an Increasing Lender, continue to be)
a “Lender” for all purposes hereof.

     (ii) The Borrowers shall, as applicable, in the event of an increase in the
Commitments, in coordination with the Administrative Agent, repay all outstanding Loans and
incur additional Loans from other Lenders in each case so that the Lenders

39

 

participate in
each Borrowing pro rata on the basis of their respective Commitments (after giving effect to
any increase in the Commitments pursuant to this Section 2.19) and amounts payable under
Section 2.17 as a result of the actions required to be taken under this Section 2.19, shall
be paid in full by the Borrowers, as applicable; and

     (iii) If any such Additional Lender is a Foreign Lender, such Additional Lender shall
deliver the forms required by Section 2.16(e).

     2.20 Defaulting Lenders. Notwithstanding anything contained in this Agreement to the contrary, in the event that any
Lender becomes a Defaulting Lender due to its failure to fund any Loan (a “Funding
Default”), then to the extent permitted by applicable law, until such time as each such Funding
Default has been cured, (i) any prepayment of the Loans shall, if the applicable Borrower so
directs at the time of making such prepayment, be applied to the Loans of other Lenders as if such
Defaulting Lender had no Loans outstanding; and (ii) such Defaulting Lender shall not be entitled
to receive any commitment fee pursuant to Section 2.9. No Commitment of any Lender shall be
increased or otherwise affected, and, except as otherwise expressly provided in this Section 2.20,
performance by each Borrower of its obligations hereunder and the other Credit Documents shall not
be excused or otherwise modified as a result of any Funding Default or the operation of this
Section 2.20. The rights and remedies against a Defaulting Lender under this Section 2.20 are in
addition to other rights and remedies which any Borrower may have against such Defaulting Lender
with respect to any Funding Default and which Administrative Agent or any Lender may have against
such Defaulting Lender with respect to any Funding Default.

     2.21 Several Obligations of Borrowers; Parent as Agent of ICE Trust.

     (a) Subject to the undertakings of the Parent under Article XI, the Obligations of each
Borrower, including without limitation, all Obligations under this Article II, Section 8.3 and
Section 10.1, shall be several and not joint. Notwithstanding anything to the contrary contained
in Section 5.5 or any other provision of this Agreement or any other Credit Document, neither ICE
Trust nor any Subsidiary of ICE Trust shall be required under this Agreement or any
other Credit Document to directly or indirectly guarantee or be obligated for the Obligations
of the Parent or any other Person that is neither ICE Trust nor another Subsidiary of ICE Trust.

     (b) ICE Trust hereby irrevocably appoints the Parent as its agent for all purposes relevant to
this Agreement and each of the other Credit Documents, including (i) the giving and receipt of
notices, and (ii) the execution and delivery of all documents, instruments and certificates
contemplated herein and all modifications hereto. Any acknowledgment, consent, direction,
certification or other action which might otherwise be valid or effective only if given or taken by
both Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken
only by the Parent, whether or not ICE Trust joins therein. Any notice, demand, consent,
acknowledgement, direction, certification or other communication delivered to the Parent in
accordance with the terms of this Agreement shall be deemed to have been delivered to ICE Trust.

40

 

ARTICLE III

CONDITIONS PRECEDENT

     3.1 Conditions to Closing. The Closing Date shall occur upon the satisfaction of the following conditions precedent:

     (a) The Administrative Agent shall have received the following, each of which shall be
originals or telecopies or in an electronic format acceptable to the Administrative Agent (followed
promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer
of the applicable Credit Party, each dated as of the Closing Date (or, in the case of certificates
of governmental officials, a recent date prior to the Closing Date) and each in a form and
substance reasonably satisfactory to the Administrative Agent and each of the Lenders:

     (i) executed counterparts of this Agreement in such number of copies as the
Administrative Agent shall have required;

     (ii) to the extent requested by any Lender in accordance with Section 2.4(d), a Note or
Notes for such Lender, in each case duly completed in accordance with the provisions of
Section 2.4(d) and executed by the applicable Borrower;

     (iii) the Guaranty, duly completed and executed by each Wholly-Owned Subsidiary (other
than any Foreign Subsidiary to the extent (and for as long as) doing so would cause adverse
tax or regulatory consequences to the Parent);

     (iv) a certificate, signed by an Authorized Officer of the Parent, certifying that (i)
all representations and warranties of the Credit Parties contained in this Agreement and the
other Credit Documents qualified as to materiality shall be true and correct and those not
so qualified shall be true and correct in all material respects, in each case as of the
Closing Date, both immediately before and after giving effect to this Agreement
(except to the extent any such representation or warranty is expressly stated to have
been made as of a specific date, in which case such representation or warranty shall be true
and correct as of such date), (ii) no Default or Event of Default has occurred and is
continuing, both immediately before and after giving effect to this Agreement, (iii) both
immediately before and after giving effect to this Agreement, no Material Adverse Effect has
occurred since December 31, 2008, and there exists no event, condition or state of facts
that could reasonably be expected to result in a Material Adverse Effect, and (iv) all
conditions set forth in this Section 3.1 and in Section 3.2 have been satisfied or waived as
required hereunder;

     (v) a certificate of the secretary or an assistant secretary of each Credit Party
executing any Credit Documents as of the Closing Date, certifying (i) that attached thereto
is a true and complete copy of the articles or certificate of incorporation, certificate of
formation or other organizational document and all amendments thereto of such Credit Party,
certified as of a recent date by the Secretary of State (or comparable Governmental
Authority) of its jurisdiction of organization, and that the same has not been amended since
the date of such certification, (ii) that attached thereto is a true and

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complete copy of
the bylaws, operating agreement or similar governing document of such Credit Party, as then
in effect and as in effect at all times from the date on which the resolutions referred to
in clause (iii) below were adopted to and including the date of such certificate, and (iii)
that attached thereto is a true and complete copy of resolutions adopted by the board of
directors (or similar governing body) of such Credit Party, authorizing the execution,
delivery and performance of this Agreement and the other Credit Documents to which it is a
party, and as to the incumbency and genuineness of the signature of each officer of such
Credit Party executing this Agreement or any of such other Credit Documents, and attaching
all such copies of the documents described above;

     (vi) a certificate as of a recent date of the good standing of each Credit Party
executing any Credit Documents as of the Closing Date, under the laws of its jurisdiction of
organization, from the Secretary of State (or comparable Governmental Authority) of such
jurisdiction; and

     (vii) a Financial Conditions Certificate executed by the chief financial officer of the
Parent containing the copies of the financial statements referred to in Section 4.11 and
confirming that, as of the Closing Date, after giving effect to consummation of the
transactions contemplated hereby, the Parent and its Subsidiaries on a consolidated basis
are solvent.

     (b) All approvals, permits and consents of any Governmental Authorities, any Self-Regulatory
Organizations, or other Persons required in connection the consummation of any of the transactions
contemplated hereby shall have been obtained, without the imposition of conditions that are
materially adverse to the Administrative Agent or the Lenders; all applicable waiting periods shall
have expired without any adverse action being taken or threatened by any Governmental Authority or
Self-Regulatory Organization having jurisdiction; and no action, proceeding, investigation,
regulation or legislation shall have been instituted, threatened or proposed before, and no order,
injunction or decree shall have been entered by, any court or other Governmental Authority or any
Self-Regulatory Organization, in each case to enjoin,
restrain or prohibit, to obtain substantial damages in respect of, or to impose materially
adverse conditions upon, this Agreement, any of the other Credit Documents or the consummation of
the transactions contemplated hereby or that could reasonably be expected to have a Material
Adverse Effect

     (c) The Parent shall have (i) amended its existing Credit Agreement, dated as of January 12,
2007, as amended by the First Amendment to Credit Agreement dated as of August 24, 2007 and the
Second Amendment to Credit Agreement dated as of June 13, 2008, with Wachovia, as administrative
agent, BofA, as syndication agent and the lenders party thereto (the “Existing Credit
Facility”) to (x) permit the consummation of the transactions contemplated hereby, (y)
terminate the revolving credit commitments of the lenders thereunder, and (z) make certain other
amendments thereto requested by the Parent and reasonably satisfactory to the Administrative Agent
and (ii) complied with all terms and conditions in the definitive documentation of such amendment

     (d) Concurrently with the making of the initial Loans hereunder, (i) all principal, interest
and other amounts outstanding under the Parent’s existing Credit Agreement, dated as of

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June 27, 2008, with Wachovia, as administrative agent, BofA, as syndication agent and the lenders party
thereto (the “Terminating Liquidity Facility”), and (ii) all commitments to extend credit
under the agreements and instruments relating to the Terminating Liquidity Facility and all
guarantees relating thereto shall be terminated; and the Administrative Agent shall have received
evidence of the foregoing satisfactory to it.

     (e) Concurrently with the making of the initial Loans hereunder, the Parent shall have entered
into the Credit Agreement, dated as of the date hereof, with Wachovia, as administrative agent,
BofA, as syndication agent and the lenders party thereto (the “New Credit Facility”),
providing for a revolving credit facility in the aggregate principal amount of $100,000,000 and a
term loan credit facility in the amount of $200,000,000, the proceeds of which shall be used to
provide for working capital and general corporate purposes.

     (f) Since December 31, 2008, both immediately before and after giving effect to the
transactions contemplated hereby, there shall not have occurred (i) a Material Adverse Effect or
(ii) any event, condition or state of facts that could reasonably be expected to have a Material
Adverse Effect.

     (g) The Parent shall have paid (i) to the Arrangers, the fees required under the Joint Fee
Letter to be paid to them on the Closing Date, in the amounts due and payable on the Closing Date
as required by the terms thereof, (ii) to the Administrative Agent, the initial payment of the
annual administrative fee described in the Wachovia Fee Letter, and (iii) all other fees and
reasonable expenses of the Arrangers, the Administrative Agent and the Lenders required hereunder
or under any other Credit Document to be paid on or prior to the Closing Date (including reasonable
fees and expenses of counsel) in connection with this Agreement and the other Credit Documents.

     (h) The Administrative Agent shall have received an Account Designation Letter, together with
written instructions from an Authorized Officer of the applicable Borrower,
including wire transfer information, directing the payment of the proceeds of the initial
Loans to be made hereunder.

     (i) Each of the Administrative Agent and each Lender shall have received such other documents,
certificates, opinions and instruments in connection with the transactions contemplated hereby as
it shall have reasonably requested (including but not limited to legal opinions of counsel to the
Credit Parties).

     3.2 Conditions of All Borrowings. The obligation of each Lender to make any Loans hereunder is subject to the satisfaction of
the following conditions precedent on the relevant Borrowing Date:

     (a) The Administrative Agent shall have received a Notice of Borrowing in accordance with
Section 2.2(b);

     (b) Each of the representations and warranties contained in Article IV and in the other Credit
Documents qualified as to materiality shall be true and correct and those not so qualified shall be
true and correct in all material respects, in each case on and as of such Borrowing Date (including
the Closing Date, in the case of the initial Loans made hereunder, if

43

 

any) with the same effect as
if made on and as of such date, both immediately before and after giving effect to the Loans to be
made on such date (except to the extent any such representation or warranty is expressly stated to
have been made as of a specific date, in which case such representation or warranty shall be true
and correct as of such date); and

     (c) No Default or Event of Default shall have occurred and be continuing on such date, both
immediately before and after giving effect to the Loans to be made on such date.

Each giving of a Notice of Borrowing, and the consummation of each Borrowing, shall be deemed to
constitute a representation by the applicable Borrower that the statements contained in Sections
3.2(b) and 3.2(c) are true, both as of the date of such notice or request and as of the relevant
Borrowing Date.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

     To induce the Administrative Agent and the Lenders to enter into this Agreement and to induce
the Lenders to extend the credit contemplated hereby, each Borrower represents and warrants to the
Administrative Agent and the Lenders as follows:

     4.1 Corporate Organization and Power. Each Borrower, and each of its Subsidiaries, (i) is a corporation or a limited liability
company duly organized or formed, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or formation, as the case may be (which jurisdictions, as of the
Closing Date, are set forth on Schedule 4.1), (ii) has the full corporate or limited liability
company power and authority to execute, deliver and perform the Credit Documents to which it
is or will be a party, to own and hold its property and to engage in its business as presently
conducted, and (iii) is duly qualified to do business as a foreign corporation or limited liability
company and is in good standing in each jurisdiction where the nature of its business or the
ownership of its properties requires it to be so qualified, except where the failure to be so
qualified, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect.

     4.2 Authorization; Enforceability. Each Credit Party has taken all necessary corporate or limited liability action, as
applicable, to execute, deliver and perform each of the Credit Documents to which it is a party,
and has (or on any later date of execution and delivery will have) validly executed and delivered
each of the Credit Documents to which it is a party. This Agreement constitutes, and each of the
other Credit Documents upon execution and delivery will constitute, the legal, valid and binding
obligation of each Credit Party that is a party hereto or thereto, enforceable against it in
accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting creditors’ rights generally, by general
equitable principles or by principles of good faith and fair dealing (regardless of whether
enforcement is sought in equity or at law).

     4.3 No Violation. The execution, delivery and performance by each Credit Party of each of the Credit
Documents to which it is a party, and compliance by it with the terms hereof and thereof, do not
and will not (i) violate any provision of its articles or certificate of

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incorporation or formation, its bylaws or operating agreement, or other applicable formation or organizational
documents, (ii) contravene any other Requirement of Law applicable to it, (iii) conflict with,
result in a breach of or constitute (with notice, lapse of time or both) a default under any
indenture, mortgage, lease, agreement, contract or other instrument to which it is a party, by
which it or any of its properties is bound or to which it is subject, or (iv) result in or require
the creation or imposition of any Lien, other than a Permitted Lien, upon any of its properties,
revenues or assets; except, in the case of clauses (ii) and (iii) above, where such violations,
conflicts, breaches or defaults, individually or in the aggregate, could not reasonably be expected
to have a Material Adverse Effect.

     4.4 Governmental and Third-Party Authorization; Permits. No consent, approval, authorization or other action by, notice to, or registration or
filing with, any Governmental Authority, Self-Regulatory Organization, or other Person is required
as a condition to or otherwise in connection with the due execution, delivery and performance by
each Credit Party of this Agreement or any of the other Credit Documents to which it is a party or
the legality, validity or enforceability hereof or thereof, other than (i) consents, authorizations
and filings that have been made or obtained and that are in full force and effect, which consents,
authorizations and filings are listed on Schedule 4.4, and (ii) consents and filings the failure to
obtain or make which, individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect. Each Credit Party has, and is in good standing with respect to, all
governmental approvals, licenses, permits and authorizations necessary to conduct its business
as presently conducted and to own or lease and operate its properties, except for those the failure
to obtain which, individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect.

     4.5 Litigation. Except as set forth on Schedule 4.5, there are no actions, investigations, suits or
proceedings pending or, to the knowledge of such Borrower, threatened, at law, in equity or in
arbitration, before any court, other Governmental Authority, Self-Regulatory Organization,
arbitrator or other Person, (i) against or affecting any of the Credit Parties or any of their
respective properties that, if adversely determined, could reasonably be expected to have a
Material Adverse Effect, or (ii) with respect to this Agreement, any of the other Credit Documents
or any of the other transactions contemplated hereby or thereby.

     4.6 Taxes. Each of the Borrowers and their respective Subsidiaries has timely filed all federal,
state, local and foreign tax returns and reports required to be filed by it and has paid, prior to
the date on which penalties would attach thereto or a Lien would attach to any of its properties if
unpaid, all taxes, assessments, fees and other charges levied upon it or upon its properties that
are shown thereon as due and payable, other than those that are not yet delinquent or that are
being contested in good faith and by proper proceedings and for which adequate reserves have been
established in accordance with GAAP. Such returns accurately reflect in all material respects all
liability for taxes of each of the Borrowers and their respective Subsidiaries for the periods
covered thereby. As of the Closing Date, there is no ongoing audit or examination or, to the
knowledge of such Borrower, other investigation by any Governmental Authority of the tax liability
of such Borrower or any of its Subsidiaries, and there is no material unresolved claim by any
Governmental Authority concerning the tax liability of such Borrower or any of its Subsidiaries for
any period for which tax returns have been or were required to have been filed, other than
unsecured claims for which adequate reserves have been established in

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accordance with GAAP. As of the Closing Date, neither Borrower nor any of their respective Subsidiaries has waived or extended
or has been requested to waive or extend the statute of limitations relating to the payment of any
taxes.

     4.7 Subsidiaries. Schedule 4.7 sets forth a list, as of the Closing Date, of all of the Subsidiaries of such
Borrower and as to each such Subsidiary, the percentage ownership (direct and indirect) of such
Borrower in each class of its Capital Stock and each direct owner thereof.

     4.8 Full Disclosure. All factual information heretofore, contemporaneously or hereafter furnished in writing to
the Administrative Agent, any Arranger or any Lender by or on behalf of any Credit Party pursuant
to this Agreement or the other Credit Documents is or will be true and accurate in all material
respects on the date as of which such information is dated or certified (or, if such information
has been updated, amended or supplemented, on the date as of which any such
update, amendment or supplement is dated or certified) and not made incomplete by omitting to
state a material fact necessary to make the statements contained herein and therein, in light of
the circumstances under which such information was provided, not misleading; provided that,
with respect to projections, budgets and other estimates, except as specifically represented in
Section 4.11(b), each Borrower represents only that such information was prepared in good faith
based upon assumptions believed to be reasonable at the time. As of the Closing Date, there is no
fact known to any Credit Party that has, or could reasonably be expected to have, a Material
Adverse Effect, which fact has not been set forth herein, in the consolidated financial statements
of the Parent and its Subsidiaries furnished to the Administrative Agent and/or the Lenders, or in
any certificate, opinion or other written statement made or furnished by any Borrower to the
Administrative Agent and/or the Lenders.

     4.9 Margin Regulations. No Credit Party is engaged principally, or as one of its important activities, in the
business of extending credit for the purpose of purchasing or carrying Margin Stock. No proceeds
of the Loans will be used, directly or indirectly, to purchase or carry any Margin Stock, to extend
credit for such purpose or for any other purpose, in each case that would violate or be
inconsistent with Regulations T, U or X or any provision of the Exchange Act.

     4.10 No Material Adverse Effect. There has been no Material Adverse Effect since December 31, 2008 and there exists no
event, condition or state of facts that could reasonably be expected to result in a Material
Adverse Effect.

     4.11 Financial Matters.

     (a) The Parent has heretofore furnished to the Administrative Agent copies of the audited
consolidated balance sheets of the Parent and its Subsidiaries, for the 2008 and 2007 fiscal years,
in each case with the related statements of income, stockholders’ equity, comprehensive income and
cash flows for the fiscal years then ended, together with the opinions of Ernst & Young LLP
thereon. Such financial statements have been prepared in accordance with GAAP and present fairly
in all material respects the financial condition of the Parent and its Subsidiaries on a
consolidated basis as of the respective dates thereof and the results of operations of the Parent
and its Subsidiaries on a consolidated basis for the respective periods then ended. Except as
fully reflected in the most recent financial statements referred to above

46

 

and the notes thereto,
there are no material liabilities or obligations with respect to the Parent and its Subsidiaries of
any nature whatsoever (whether absolute, contingent or otherwise and whether or not due) that are
required in accordance with GAAP to be reflected in such financial statements and that are not so
reflected.

     (b) The Parent has prepared, and has heretofore furnished to the Administrative Agent a copy
of, projected consolidated balance sheets and statements of income and cash flows of the Parent and
its Subsidiaries prepared on an annual basis through the end of fiscal year 2012, giving effect to
the initial extensions of credit made under this Agreement, the payment of transaction fees and
expenses related to the foregoing and the consummation of the other
transactions contemplated hereby (the “Projections”). In the good faith opinion of
management of the Parent, the assumptions used in the preparation of the Projections were fair,
complete and reasonable when made and continue to be fair, complete and reasonable as of the date
hereof. The Projections have been prepared in good faith by the executive and financial personnel
of the Parent, are complete and represent a reasonable estimate of the future performance and
financial condition of the Parent and its Subsidiaries, subject to the uncertainties and
approximations inherent in any projections.

     (c) After giving effect to the consummation of the transactions contemplated hereby, each
Credit Party (i) has capital sufficient to carry on its businesses as conducted and as proposed to
be conducted, (ii) has assets with a fair saleable value, determined on a going concern basis,
which are (y) not less than the amount required to pay the probable liability on its existing debts
as they become absolute and matured and (z) greater than the total amount of its liabilities
(including identified contingent liabilities, valued at the amount that can reasonably be expected
to become absolute and matured in their ordinary course), and (iii) does not intend to, and does
not believe that it will, incur debts or liabilities beyond its ability to pay such debts and
liabilities as they mature in their ordinary course.

     (d) Since December 31, 2008, there has not been an occurrence of a “material weakness” (as
defined in statement on Auditing Standards No. 60) in, or fraud that involves management or other
employees who have a significant role in, the Parent’s internal controls over financial reporting,
in each case as described in Section 404 of the Sarbanes-Oxley Act of 2002 and all rules and
regulations promulgated thereunder and the accounting and auditing principles, rules, standards and
practices promulgated or approved with respect thereto, in each case that could reasonably be
expected to have a Material Adverse Effect.

     (e) Neither (i) the board of directors of the Parent, a committee thereof or an authorized
officer of the Parent has concluded that any financial statement previously furnished to the
Administrative Agent should no longer be relied upon because of an error, nor (ii) has the Parent
been advised by its auditors that a previously issued audit report or interim review cannot be
relied on.

     4.12 Ownership of Properties. Each of the Borrowers and their respective Subsidiaries (i) has good and marketable title
to all real property owned by it, (ii) holds interests as lessee under valid leases in full force
and effect with respect to all material leased real and personal property used in connection with
its business, and (iii) has good title to all of its other material properties and assets reflected
in the most recent financial statements referred to in

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Section 4.11(a) (except as sold or otherwise
disposed of since the date thereof in the ordinary course of business), in each case free and clear
of all Liens other than Permitted Liens.

     4.13 ERISA.

     (a) Each Credit Party and its ERISA Affiliates is in compliance with the applicable provisions
of ERISA, and each Plan is and has been administered in compliance with all applicable Requirements
of Law, including, without limitation, the applicable provisions of
ERISA and the Code, in each case except where the failure so to comply, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect. No ERISA Event (i)
has occurred within the five (5) year period prior to the Closing Date, (ii) has occurred and is
continuing, or (iii) to the knowledge of any Borrower, is reasonably expected to occur with respect
to any Plan. No Plan has any Unfunded Pension Liability as of the most recent annual valuation
date applicable thereto, and no Credit Party or any of its ERISA Affiliates has engaged in a
transaction that could be subject to Section 4069 or 4212(c) of ERISA.

     (b) No Credit Party or any of its ERISA Affiliates has any outstanding liability on account of
a complete or partial withdrawal from any Multiemployer Plan, and no Credit Party or any of its
ERISA Affiliates would become subject to any liability under ERISA if any such Credit Party or
ERISA Affiliate were to withdraw completely from all Multiemployer Plans as of the most recent
valuation date. No Multiemployer Plan is in “reorganization” or is “insolvent” within the meaning
of such terms under ERISA.

     4.14 Environmental Matters. Neither of the Borrowers nor any of their respective Subsidiaries is involved in any suit,
action or proceeding, or has received any notice, complaint or other request for information from
any Governmental Authority or other Person, with respect to any actual or alleged Environmental
Claims, and to the knowledge of each Borrower, there are no threatened Environmental Claims, nor
any basis therefor.

     4.15 Compliance with Laws. Each of the Borrowers and their respective Subsidiaries has timely filed all material
reports, documents and other materials required to be filed by it under all applicable Requirements
of Law with any Governmental Authority, has retained all material records and documents required to
be retained by it under all applicable Requirements of Law, and is otherwise in compliance with all
applicable Requirements of Law in respect of the conduct of its business and the ownership and
operation of its properties, including without limitation, the applicable rules of any
Self-Regulatory Organization, except in each case to the extent that the failure to comply
therewith, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect.

     4.16 Intellectual Property. Each of the Borrowers and their respective Subsidiaries owns, or has the legal right to
use, all Intellectual Property necessary for it to conduct its business as currently conducted. No
claim has been asserted or is pending by any Person challenging or questioning the use of any such
Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor does
any Borrower know of any such claim, and to the knowledge of such Borrower, the use of such
Intellectual Property by any Credit Party does not infringe on the known rights of any Person,
except for such claims and infringements

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that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

     4.17 Regulated Industries. No Credit Party is an “investment company,” a company “controlled” by an “investment
company,” or an “investment advisor,” within the meaning of the Investment Company Act of 1940, as
amended.

     4.18 Insurance. The assets, properties and business of each Borrower and its Subsidiaries are insured
against such hazards and liabilities, under such coverages and in such amounts, as are customarily
maintained by prudent companies similarly situated and under policies issued by insurers of
recognized responsibility.

     4.19 Material Contracts. Schedule 4.19 lists, as of the Closing Date, each “material contract” (within the meaning
of Item 601(b)(10) of Regulation S-K under the Securities Act) to which such Borrower or any of its
Subsidiaries is a party, by which such Borrower or any of its Subsidiaries or its properties is
bound or to which such Borrower or any of its Subsidiaries is subject (collectively, “Material
Contracts”), and also indicates the parties thereto. As of the Closing Date, (i) each Material
Contract is in full force and effect and is enforceable by each Borrower and its Subsidiaries that
is a party thereto in accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’
rights generally, by general or equitable principles or by principles of good faith and fair
dealing, and (ii) neither of the Borrowers nor any of their respective Subsidiaries or, to the
knowledge of such Borrower, any other party thereto is in breach of or default under any Material
Contract in any material respect or has given notice of termination or cancellation of any Material
Contract.

     4.20 No Burdensome Restrictions. No Credit Party is subject to any charter or corporate restriction or any provision of any
applicable Requirement of Law that, individually or in the aggregate, could reasonably be expected
to have a Material Adverse Effect.

     4.21 OFAC; Anti-Terrorism Laws.

     (a) No Credit Party or any Affiliate of any Credit Party (i) is a Sanctioned Person, (ii) has
more than 15% of its assets in Sanctioned Countries, or (iii) derives more than 15% of its
operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned
Countries. No part of the proceeds of any Loan hereunder will be used directly or indirectly to
fund any operations in, finance any investments or activities in or make any payments to, a
Sanctioned Person or a Sanctioned Country.

     (b) Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate
the PATRIOT Act, the Trading with the Enemy Act, as amended, or any of the foreign assets control
regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or
any enabling legislation or executive order relating thereto. The Credit Parties are in compliance
in all material respects with the PATRIOT Act.

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ARTICLE V

AFFIRMATIVE COVENANTS

     Each Borrower covenants and agrees that, until the termination of the Commitments and the
payment in full in cash of all principal and interest with respect to the Loans, together with all
fees, expenses and other amounts then due and owing hereunder:

     5.1 Financial Statements. The Parent will deliver to the Administrative Agent on behalf of the Lenders:

     (a) As soon as available and in any event within forty-five (45) days (or, if earlier and if
applicable to the Parent, the quarterly report deadline under the Exchange Act rules and
regulations) after the end of each of the first three fiscal quarters of each fiscal year,
beginning with the first fiscal quarter of fiscal year 2009, unaudited consolidated and
consolidating balance sheets of the Parent and its Subsidiaries as of the end of such fiscal
quarter and unaudited consolidated and consolidating statements of income, cash flows and
stockholders’ equity for the Parent and its Subsidiaries for the fiscal quarter then ended and for
that portion of the fiscal year then ended, in each case setting forth comparative consolidated
figures as of the end of and for the corresponding period in the preceding fiscal year together
with comparative budgeted figures for the fiscal period then ended, all in reasonable detail and
prepared in accordance with GAAP (subject to the absence of notes required by GAAP and subject to
normal year-end adjustments) applied on a basis consistent with that of the preceding quarter or
containing disclosure of the effect on the financial condition or results of operations of any
change in the application of accounting principles and practices during such quarter; and

     (b) As soon as available and in any event within ninety (90) days (or, if earlier and if
applicable to the Parent, the annual report deadline under the Exchange Act rules and regulations)
after the end of each fiscal year, beginning with fiscal year 2009, an audited consolidated and
unaudited consolidating balance sheet of the Parent and its Subsidiaries as of the end of such
fiscal year and the related audited consolidated and unaudited consolidating statements of income,
cash flows and stockholders’ equity for the Parent and its Subsidiaries for the fiscal year then
ended, including the notes thereto, in each case setting forth comparative consolidated figures as
of the end of and for the preceding fiscal year together with comparative budgeted figures for the
fiscal year then ended, all in reasonable detail and (with respect to the audited statements)
certified by the independent certified public accounting firm regularly retained by the Parent or
another independent certified public accounting firm of recognized national standing reasonably
acceptable to the Administrative Agent, together with (y) a report thereon by such accountants that
is not qualified as to going concern or scope of audit and to the effect that such financial
statements present fairly in all material respects the consolidated financial condition and results
of operations of the Parent and its Subsidiaries as of the dates and for the periods indicated in
accordance with GAAP applied on a basis consistent with that of the preceding year or containing
disclosure of the effect on the financial condition or results of operations of any change in the
application of accounting principles and practices during such year, and (z) a letter from such
accountants to the effect that, based on and in connection with their examination of the financial
statements of the Parent and its Subsidiaries, they obtained no
knowledge of the occurrence or existence of any Default or Event of Default relating to

50

 

accounting or financial reporting matters (which certificate may be limited to the extent required
by accounting rules or guidelines), or a statement specifying the nature and period of existence of
any such Default or Event of Default disclosed by their audit.

     (c) In the event that any financial statement or Compliance Certificate delivered pursuant to
Sections 5.2(a) or 5.2(b) is shown to be inaccurate (regardless of whether this Agreement or the
Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected,
would have led to the application of a higher Applicable Percentage for any period (an
“Applicable Period”) than the Applicable Percentage applied for such Applicable Period,
then (i) the Parent shall immediately deliver to the Administrative Agent a correct Compliance
Certificate for such Applicable Period and (ii) the Parent shall immediately pay to the
Administrative Agent the accrued additional interest owing as a result of such increased Applicable
Percentage for such Applicable Period, which payment shall be promptly applied by the
Administrative Agent in accordance with Section 2.12. This Section 5.1(c) shall not limit the
rights of the Administrative Agent and Lenders with respect to Sections 2.8(b) and 8.2.

Documents required to be delivered pursuant to Sections 5.1, 5.2(a), 5.2(b), 5.2(c) or 5.2(d) may
be delivered electronically and, if so delivered, shall be deemed to have been delivered on the
date (i) on which the Borrower provides notice to the Lenders that such information has been posted
on the Borrower’s website on the Internet at http://ir.theice.com/sec.cfm, at
www.sec.gov/edgar/searchedgar/webusers.htm or at another website identified in such notice and
accessible by the Lenders without charge; or (ii) on which such documents are posted on the
Parent’s behalf on SyndTrak or another relevant website, if any, to which each of the
Administrative Agent and each Lender has access; provided that (x) upon the request of the
Administrative Agent or any Lender lacking access to the internet or SyndTrak, the Parent shall
deliver paper copies of such documents to the Administrative Agent or such Lender (until a written
request to cease delivering paper copies is given by the Administrative Agent or such Lender) and
(y) the Parent shall notify (which may be by a facsimile or electronic mail) the Administrative
Agent and each Lender of the posting of any documents. The Administrative Agent shall have no
obligation to request the delivery of, or to maintain copies of, the documents referred to in the
proviso to the immediately preceding sentence or to monitor compliance by the Parent with any such
request for delivery, and each Lender shall be solely responsible for requesting delivery to it or
maintaining its copies of such documents.

     5.2 Other Business and Financial Information. The Parent will deliver to the Administrative Agent and each Lender:

     (a) Concurrently with each delivery of the financial statements described in Sections 5.1(a)
and 5.1(b), a Compliance Certificate with respect to the period covered by the financial statements
being delivered thereunder, executed by a Financial Officer of the Parent, together with a Covenant
Compliance Worksheet reflecting the computation of the financial covenants set forth in Article VI
as of the last day of the period covered by such financial statements;

     (b) As soon as available and in any event within thirty (30) days after the commencement of
each fiscal year, beginning with the 2010 fiscal year, a consolidated operating
budget for the Parent and its Subsidiaries for such fiscal year (prepared on an annual basis),

51

 

consisting of a consolidated balance sheet and consolidated statements of income and cash flows,
together with a certificate of a Financial Officer of the Parent to the effect that such budget has
been prepared in good faith and is a reasonable estimate of the financial position and results of
operations of the Parent and its Subsidiaries for the period covered thereby; and as soon as
available from time to time thereafter, any modifications or revisions to or restatements of such
budget;

     (c) Promptly upon receipt thereof, copies of any “management letter” submitted to any Credit
Party by its certified public accountants in connection with each annual, interim or special audit,
and promptly upon completion thereof, any response reports from such Credit Party in respect
thereof;

     (d) Promptly upon the sending, filing or receipt thereof, copies of (i) all financial
statements, reports, notices and proxy statements that any Credit Party shall send or make
available generally to its stockholders, (ii) all regular, periodic and special reports,
registration statements and prospectuses (other than on Form S-8) that any Credit Party shall
render to or file with the Securities and Exchange Commission, the National Association of
Securities Dealers, Inc. or any national securities exchange or Self-Regulatory Organization, and
(iii) all press releases and other statements made available generally by any Credit Party to the
public concerning material developments in the business of the Credit Parties, provided
that notwithstanding anything to the contrary included in Section 5.1, the Borrowers shall be
deemed to have given notice to the Administrative Agent and each Lender of the posting on the
Parent’s Internet website of the business and financial information set forth in clauses (i), (ii)
or (iii) of this Section 5.2(d) at the time such information is posted thereon and no further
notice shall be required to be provided by the Borrowers to the Administrative Agent and the
Lenders with respect thereto;

     (e) Promptly upon (and in any event within five (5) Business Days after) any Responsible
Officer of any Credit Party obtaining knowledge thereof, written notice of any of the following:

     (i) the occurrence of any Default or Event of Default, together with a written
statement of a Responsible Officer of the Parent specifying the nature of such Default or
Event of Default, the period of existence thereof and the action that the Parent has taken
and proposes to take with respect thereto;

     (ii) the institution or threatened institution of any action, suit, investigation or
proceeding against or affecting any Borrower or any of its Subsidiaries, including any such
investigation or proceeding by any Governmental Authority or Self-Regulatory Organization
(other than routine periodic inquiries, investigations or reviews), that, if adversely
determined, could reasonably be expected, individually or in the aggregate, to have a
Material Adverse Effect, and any material adverse development in any litigation or other
proceeding previously reported pursuant to Section 4.5 or this Section 5.2(e)(ii);

     (iii) the receipt by any Borrower or any of its Subsidiaries from any Governmental
Authority or Self-Regulatory Organization of (A) any notice asserting any
failure by such Person to be in compliance with applicable Requirements of Law or that

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threatens the taking of any action against such Person or sets forth circumstances that, if
taken or adversely determined, could reasonably be expected to have a Material Adverse
Effect, or (B) any notice of any actual or threatened suspension, limitation or revocation
of, failure to renew, or imposition of any restraining order, escrow or impoundment of funds
in connection with, any Borrower or any of its Subsidiaries, where such action could
reasonably be expected to have a Material Adverse Effect;

     (iv) the occurrence of any ERISA Event, together with (x) a written statement of a
Responsible Officer of the Parent specifying the details of such ERISA Event and the action
that the applicable Person has taken and proposes to take with respect thereto, (y) a copy
of any notice with respect to such ERISA Event that may be required to be filed with the
PBGC and (z) a copy of any notice delivered by the PBGC to any Credit Party or an ERISA
Affiliate with respect to such ERISA Event;

     (v) the occurrence of any material default under, or any proposed or threatened
termination or cancellation of, any Material Contract (including without limitation, the
agreement between the Parent and LCH.Clearnet for the provision of clearing services) or
other material contract or agreement to which any Borrower or any of its Subsidiaries is a
party, the default under or termination or cancellation of which could reasonably be
expected to have a Material Adverse Effect;

     (vi) the occurrence of any of the following: (y) the assertion of any Environmental
Claim against or affecting any Borrower or any of its Subsidiaries or any real property
leased, operated or owned by such Borrower or such Subsidiary, or such Borrower’s or such
Subsidiaries’ discovery of a basis for any such Environmental Claim; or (z) the receipt by
any Borrower or any of its Subsidiaries of notice of any alleged violation of or
noncompliance with any Environmental Laws by such Borrower or such Subsidiary or release of
any Hazardous Substance; but in each case under clauses (y) and (z) above, only to the
extent the same could reasonably be expected to have a Material Adverse Effect; and

     (vii) any other matter or event that has, or could reasonably be expected to have, a
Material Adverse Effect, together with a written statement of a Responsible Officer of the
Parent setting forth the nature and period of existence thereof and the action that the
affected Persons have taken and propose to take with respect thereto.

     (f) As promptly as reasonably possible, such other information about the business, condition
(financial or otherwise), operations or properties of the Parent or any of its Subsidiaries as the
Administrative Agent or any Lender may from time to time reasonably request.

     5.3 Compliance with All Material Contracts. Each Borrower will, and will cause each of its Subsidiaries to, comply in all material
respects with each term, condition and provision of all Material Contracts.

     5.4 Existence; Franchises; Maintenance of Properties. Each Borrower will, and will cause each of its Subsidiaries to, (i) maintain and preserve
in full force and effect its legal existence, except as expressly permitted otherwise by Section
7.1, (ii) obtain, maintain and

53

 

preserve in full force and effect all other rights, franchises,
licenses, permits, certifications, approvals and authorizations required by Governmental
Authorities and Self-Regulatory Organizations necessary to the ownership, occupation or use of its
properties or the conduct of its business, except to the extent the failure to do so could not
reasonably be expected to have a Material Adverse Effect, and (iii) keep all material properties in
good working order and condition (normal wear and tear and damage by casualty excepted) and from
time to time make all necessary repairs to and renewals and replacements of such properties, except
to the extent that any of such properties are obsolete or are being replaced or, in the good faith
judgment of such Borrower, are no longer useful or desirable in the conduct of the business of the
Credit Parties.

     5.5 Use of Proceeds. The proceeds of the Loans shall be used in the following manner: (i) up to $150,000,000 of
such proceeds shall be used to provide liquidity for the clearing operations of ICE Clear Europe,
(ii) up to $50,000,000 of such proceeds shall be used to provide liquidity for the clearing
operations of ICE Clear US, and (iii) up to $100,000,000 of such proceeds shall be used to provide
for working capital and general corporate purposes, including to provide liquidity for the clearing
operations of ICE Trust.

     5.6 Compliance with Laws. Each Borrower will, and will cause each of its Subsidiaries to, comply in all respects with
all Requirements of Law applicable in respect of the conduct of its business and the ownership and
operation of its properties, except to the extent the failure so to comply could not reasonably be
expected to have a Material Adverse Effect.

     5.7 Payment of Obligations. Each Borrower will, and will cause each of its Subsidiaries to, (i) pay, discharge or
otherwise satisfy at or before maturity all liabilities and obligations as and when due (subject to
any applicable subordination, grace and notice provisions), except to the extent failure to do so
could not reasonably be expected to have a Material Adverse Effect, and (ii) pay and discharge all
taxes, assessments and governmental charges or levies imposed upon it, upon its income or profits
or upon any of its properties, prior to the date on which penalties would attach thereto, and all
lawful claims that, if unpaid, would become a Lien (other than a Permitted Lien) upon any of the
properties of any such Person; provided, however, that no such Person shall be
required to pay any such tax, assessment, charge, levy or claim that is being contested in good
faith and by proper proceedings and as to which such Credit Party is maintaining adequate reserves
with respect thereto in accordance with GAAP.

     5.8 Insurance. Each Borrower will, and will cause each of its Subsidiaries to, maintain with financially
sound and reputable insurance companies insurance with respect to its assets, properties and
business, against such hazards and liabilities, of such types and in such amounts, as is
customarily maintained by companies in the same or similar businesses similarly situated.

     5.9 Maintenance of Books and Records; Inspection. Each Borrower will, and will cause each of its Subsidiaries to, (i) maintain adequate
books, accounts and records, in which full, true and correct entries shall be made of all financial
transactions in relation to its business and properties, and prepare all financial statements
required under this Agreement, in each case in accordance with GAAP and in compliance with the
requirements of any Governmental

54

 

Authority or Self-Regulatory Organization having jurisdiction over
it, and (ii) permit employees or agents of the Administrative Agent or any Lender to visit and
inspect its properties and examine or audit its books, records, working papers and accounts (except
with respect to information which disclosure thereof is prohibited pursuant to arrangements among
ICE Futures Europe, the United Kingdom Financial Services Authority, or other Governmental
Authorities with jurisdiction over ICE Futures Europe and ICE Futures Europe’s members), and make
copies and memoranda of them, and to discuss its affairs, finances and accounts with its officers
and employees and, upon reasonable notice to such Borrower, the independent public accountants of
such Borrower and its Subsidiaries (and by this provision such Borrower authorizes such accountants
to discuss the finances and affairs of such Borrower and its Subsidiaries), all at such times and
from time to time, upon reasonable notice and during business hours, as may be reasonably
requested; provided however, that when a Default or Event of Default exists the
Administrative Agent may do any of the foregoing at the expense of such Borrower at any time during
normal business hours and without advance notice.

     5.10 Permitted Acquisitions. Each Borrower shall comply with, and cause each other applicable Credit Party to comply
with, the following covenants:

     (a) Promptly after the consummation of any Permitted Acquisition or such later date reasonably
acceptable to the Administrative Agent, the Parent shall have delivered to the Administrative Agent
the following (provided, however, that the delivery of the statements in clause (iii) below shall
be required only with respect to Permitted Acquisitions having an Acquisition Amount exceeding
$200,000,000):

     (i) a reasonably detailed description of the material terms of such Acquisition
(including, without limitation, the purchase price and method and structure of payment) and
of each Person or business that is the subject of such Acquisition (each, a
“Target”);

     (ii) to the extent available, audited historical financial statements of the Target
(or, if there are two or more Targets that are the subject of such Acquisition and that are
part of the same consolidated group, consolidated historical financial statements for all
such Targets) for the two (2) most recent fiscal years available, prepared by a firm of
independent certified public accountants, and (if available) unaudited financial statements
for any interim periods since the most recent fiscal year-end;

     (iii) consolidated projected income statements of the Parent and its Subsidiaries
(giving effect to such Acquisition and the consolidation with the Parent of
each relevant Target) for the one-year period (or, if available, such longer period up
to three years) following the consummation of such Acquisition, in reasonable detail,
together with any appropriate statement of assumptions and pro forma adjustments; and

     (iv) a certificate, in form and substance reasonably satisfactory to the Administrative
Agent, executed by a Financial Officer of the Parent setting forth the Acquisition Amount
and further to the effect that, to the best of such Financial Officer’s knowledge, (y) the
consummation of such Acquisition has not resulted in a violation of any provision of this
Section 5.10 or any other provision of this Agreement, and (x) the

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requirements set forth in
Section 7.5 have been satisfied (with financial covenant calculations to be attached to the
certificate using the Covenant Compliance Worksheet).

     (b) As soon as reasonably practicable after the consummation of any such Acquisition, the
Parent will deliver to the Administrative Agent true and correct copies of the fully executed
acquisition agreement (including schedules and exhibits thereto) and other material documents and
closing papers delivered in connection therewith.

     (c) The consummation of each Permitted Acquisition shall be deemed to be a representation and
warranty by the Borrowers that (except as shall have been approved in writing by the Required
Lenders) all conditions thereto set forth in this Section 5.10 and in the description furnished
under Section 5.10(a)(i) have been satisfied, that the same is permitted in accordance with the
terms of this Agreement, and that the matters certified to by the Financial Officer of the Parent
in the certificate referred to in Section 5.10(a)(iv) are, to the best of such Financial Officer’s
knowledge, true and correct in all material respects as of the date such certificate is given,
which representation and warranty shall be deemed to be a representation and warranty as of the
date thereof for all purposes hereunder, including, without limitation, for purposes of Sections
3.2 and 8.1.

     5.11 Creation or Acquisition of Subsidiaries. Subject to the provisions of Sections 5.10 and 7.5, each Borrower may from time to time
create or acquire new Wholly Owned Subsidiaries in connection with Permitted Acquisitions or
otherwise, and the Wholly Owned Subsidiaries of each Borrower may create or acquire new Wholly
Owned Subsidiaries, provided that concurrently with (and in any event within ten (10)
Business Days after or such later time approved by the Administrative Agent) the creation or direct
or indirect acquisition thereof, each such new Subsidiary will execute and deliver to the
Administrative Agent a joinder to the Guaranty, pursuant to which such new Subsidiary shall become
a guarantor thereunder and shall guarantee the payment in full of the Obligations of the Borrowers
under this Agreement and the other Credit Documents; provided that no Foreign Subsidiary
shall be required to provide a guaranty to the extent (and for as long as) doing so would cause any
adverse tax or regulatory consequences to any Borrower, and provided further that for any
Subsidiary created for the sole purpose of making a Permitted Acquisition and so long as such
Subsidiary has no assets, the Borrowers shall not be required to comply with this Section 5.11
until the consummation of such Permitted Acquisition.

     5.12 OFAC, PATRIOT Act Compliance. Each Borrower will, and will cause each of its Subsidiaries to, (i) refrain from doing
business in a Sanctioned Country or with a Sanctioned Person in violation of the economic sanctions
of the United States administered by OFAC, and (ii) provide, to the extent commercially reasonable,
such information and take such actions as are reasonably requested by the Administrative Agent or
any Lender in order to assist the Administrative Agent and the Lenders in maintaining compliance
with the PATRIOT Act.

     5.13 Further Assurances. Each Borrower will, and will cause each of its Subsidiaries to, make, execute, endorse,
acknowledge and deliver any amendments, modifications or supplements hereto and restatements hereof
and any other agreements, instruments or documents, and take any and all such other actions, as may
from time to time be reasonably requested by the Administrative Agent or the Required Lenders to
effect, confirm or further

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assure or protect and preserve the interests, rights and remedies of the
Administrative Agent and the Lenders under this Agreement and the other Credit Documents.

ARTICLE VI

FINANCIAL COVENANTS

     Each Borrower covenants and agrees that, until the termination of the Commitments and the
payment in full in cash of all principal and interest with respect to the Loans, together with all
fees, expenses and other amounts then due and owing hereunder:

     6.1 Maximum Total Leverage Ratio. The Total Leverage Ratio as of the last day of any fiscal quarter, beginning with the first
fiscal quarter of 2009, shall not be greater than the ratio of 2.50 to 1.00.

     6.2 Minimum Interest Coverage Ratio. The Interest Coverage Ratio as of the last day of any fiscal quarter, beginning with the
first fiscal quarter of 2009, shall not be less than 5.0 to 1.0.

ARTICLE VII

NEGATIVE COVENANTS

     Each Borrower covenants and agrees that, until the termination of the Commitments and the
payment in full in cash of all principal and interest with respect to the Loans, together with all
fees, expenses and other amounts then due and owing hereunder:

     7.1 Merger; Consolidation. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, liquidate,
wind up or dissolve, or enter into any consolidation, amalgamation, merger or other combination, or
agree to do any of the foregoing; provided, however, that so long as no Default or
Event of Default has occurred and is continuing or would result therefrom:

     (i) any Subsidiary of any Borrower may merge, consolidate or amalgamate with, or be
liquidated into, (x) such Borrower (so long as such Borrower is the surviving or continuing
entity, provided that if the Parent is a party thereto, the Parent shall be the
surviving or continuing entity) or (y) any other Subsidiary of such Borrower (so long as, if
either Person is a Subsidiary Guarantor, the surviving Person is a Subsidiary Guarantor, and
if either Person is a Wholly Owned Subsidiary, the surviving Person is a Wholly Owned
Subsidiary);

     (ii) any Borrower may merge, consolidate or amalgamate with another Person (other than
another Credit Party), so long as (y) such Borrower is the surviving entity, and (z) if such
merger, consolidation or amalgamation constitutes an Acquisition, the applicable conditions
and requirements of Sections 5.10 and 7.5 are satisfied; and

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     (iii) to the extent not otherwise permitted under the foregoing clauses, any Subsidiary
that has sold, transferred or otherwise disposed of all or substantially all of its assets
in connection with an Asset Disposition permitted under this Agreement and no longer
conducts any active trade or business may be liquidated, wound up and dissolved.

     7.2 Indebtedness. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, create,
incur, assume or suffer to exist any Indebtedness other than (without duplication):

     (i) Indebtedness of the Credit Parties in favor of the Administrative Agent and the
Lenders incurred under this Agreement and the other Credit Documents;

     (ii) (A) Indebtedness of the Credit Parties under the Existing Credit Facility and the
other “Credit Documents” (as defined in the Existing Credit Facility) and (B) Indebtedness
of the Credit Parties under the New Credit Facility and the other “Credit Documents” (as
defined in the New Credit Facility);

     (iii) accrued expenses (including salaries, accrued vacation and other compensation),
current trade or other accounts payable and other current liabilities arising in the
ordinary course of business and not incurred through the borrowing of money, in each case
above to the extent constituting Indebtedness;

     (iv) purchase money Indebtedness of the Parent and its Subsidiaries incurred solely to
finance the acquisition, construction or improvement of any equipment, real property or
other fixed assets in the ordinary course of business (or assumed or acquired by the Parent
and its Subsidiaries in connection with a Permitted Acquisition or other transaction
permitted under this Agreement), including Capital Lease Obligations, and any renewals,
replacements, refinancings or extensions thereof, provided that all such
Indebtedness shall not exceed $25,000,000 in aggregate principal amount outstanding at
any one time;

     (v) unsecured loans and advances (A) by the Parent or any Subsidiary of the Parent to
any Subsidiary Guarantor, (B) by any Subsidiary of the Parent to the Parent, or (C) by the
Parent or any Subsidiary of the Parent to any Subsidiary of the Parent that is not a
Subsidiary Guarantor, provided in each case that any such loan or advance made
pursuant to clause (C) above is subordinated in right and time of payment to the Obligations
and is evidenced by a promissory note, in form and substance reasonably satisfactory to the
Administrative Agent;

     (vi) Indebtedness of the Parent under Hedge Agreements entered into in the ordinary
course of business to manage existing or anticipated interest rate or foreign currency risks
and not for speculative purposes;

     (vii) Indebtedness existing on the Closing Date and described in Schedule 7.2 and any
renewals, replacements, refinancings or extensions of any such Indebtedness that do not
increase the outstanding principal amount thereof or result in an earlier final maturity
date or decreased weighted average life thereof;

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     (viii) Indebtedness consisting of Guaranty Obligations of the Parent or any of its
Subsidiaries incurred in the ordinary course of business for the benefit of another Credit
Party, provided that the primary obligation being guaranteed is expressly permitted
by this Agreement;

     (ix) Indebtedness that may be deemed to exist pursuant to any performance bond, surety,
statutory appeal or similar obligation entered into or incurred by the Parent or any of its
Subsidiaries in the ordinary course of business;

     (x) Indebtedness of ICE Clear Europe under the ICE Clear Europe Payment Services
Agreement not exceeding $150,000,000 in aggregate principal amount outstanding;

     (xi) Indebtedness consisting of Guaranty Obligations of the Parent with respect to the
ICE Clear Europe Payment Services Agreement;

     (xii) unsecured Indebtedness of the Parent not exceeding $400,000,000 in aggregate
principal amount outstanding to provide liquidity for the clearing operations of ICE Clear
Europe;

     (xiii) other unsecured Indebtedness of the Parent not exceeding $50,000,000 in
aggregate principal amount outstanding at any time; and

     (xiv) other unsecured Indebtedness of the Subsidiaries of the Parent not exceeding
$50,000,000 in aggregate principal amount outstanding at any time.

     7.3 Liens. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, directly
or indirectly, make, create, incur, assume or suffer to exist, any Lien upon or with respect to any
part of its property or assets, whether now owned or hereafter acquired or agree to do any of the
foregoing, other than the following (collectively, “Permitted Liens”):

     (i) Liens in existence on the Closing Date and set forth on Schedule 7.3, and any
extensions, renewals or replacements thereof; provided that any such extension,
renewal or replacement Lien shall be limited to all or a part of the property that secured
the Lien so extended, renewed or replaced (plus any improvements on such property) and shall
secure only those obligations that it secures on the date hereof (and any renewals,
replacements, refinancings or extensions of such obligations that do not increase the
outstanding principal amount thereof);

     (ii) Liens imposed by law, such as Liens of carriers, warehousemen, mechanics,
materialmen and landlords, incurred in the ordinary course of business for sums not
constituting borrowed money that are not overdue for a period of more than thirty (30) days
or that are being contested in good faith by appropriate proceedings and for which adequate
reserves have been established in accordance with GAAP (if so required);

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     (iii) Liens (other than any Lien imposed by ERISA, the creation or incurrence of which
would result in an Event of Default under Section 8.1(k)) incurred in the ordinary course of
business in connection with worker’s compensation, unemployment insurance or other forms of
governmental insurance or benefits, or to secure the performance of letters of credit, bids,
tenders, statutory obligations, surety and appeal bonds, leases, public or statutory
obligations, government contracts and other similar obligations (other than obligations for
borrowed money) entered into in the ordinary course of business;

     (iv) Liens for taxes, assessments or other governmental charges or statutory
obligations that are not delinquent or remain payable without any penalty or that are being
contested in good faith by appropriate proceedings and for which adequate reserves have been
established in accordance with GAAP (if so required);

     (v) any attachment or judgment Lien not constituting an Event of Default under Section
8.1(h);

     (vi) Liens securing the purchase money Indebtedness permitted under Section 7.2(iv),
provided that (x) any such Lien shall attach to the property being acquired,
constructed or improved with such Indebtedness concurrently with or within ninety (90) days
after the acquisition (or completion of construction or improvement) or the refinancing
thereof by the Parent or such Subsidiary, (y) the amount of the Indebtedness secured by such
Lien shall not exceed 100% of the cost to the Parent or such Subsidiary of acquiring,
constructing or improving the property and any other assets then being financed solely by
the same financing source, and (z) any such Lien shall not encumber any other property of
the Parent or any of its Subsidiaries except assets then being financed solely by the same
financing source;

     (vii) with respect to any Realty occupied by the Parent or any of its Subsidiaries, all
easements, rights of way, reservations, licenses, encroachments, variations and similar
restrictions, charges and encumbrances on title that do not secure monetary obligations and
do not materially impair the use of such property for its intended purposes or the value
thereof;

     (viii) any leases, subleases, licenses or sublicenses granted by the Parent or any of
its Subsidiaries to third parties in the ordinary course of business and not interfering in
any material respect with the business of the Parent and its Subsidiaries, and any interest
or title of a lessor, sublessor, licensor or sublicensor under any lease or license
permitted under this Agreement;

     (ix) Liens created in connection with the Guaranty Fund; and

     (x) other Liens securing obligations of the Parent and its Subsidiaries not exceeding
$1,000,000 in aggregate principal amount outstanding at any time.

     7.4 Asset Dispositions. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, directly
or indirectly, make or agree to make any Asset Disposition except for:

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     (i) the sale or other disposition of inventory and Cash Equivalents in the ordinary
course of business, the sale or write-off of past due or impaired accounts receivable for
collection purposes (but not for factoring, securitization or other financing purposes), and
the termination or unwinding of Hedge Agreements permitted hereunder;

     (ii) the sale, lease or other disposition of assets by the Parent or any of its
Subsidiaries to the Parent or to a Subsidiary Guarantor (or by any Subsidiary that is not a
Subsidiary Guarantor to another Subsidiary that is not a Subsidiary Guarantor), in each case
so long as no Event of Default shall have occurred and be continuing or would result
therefrom;

     (iii) the sale, exchange or other disposition in the ordinary course of business of
equipment or other capital assets that are obsolete or no longer necessary for the
operations of the Parent and its Subsidiaries; and

     (iv) the sale or other disposition of assets (other than the Capital Stock of
Subsidiaries) outside the ordinary course of business for fair value and for consideration,
provided that (x) the aggregate amount of Net Cash Proceeds from all such sales or
dispositions that are consummated during any fiscal year shall not exceed $25,000,000, and
(y) no Default or Event of Default shall have occurred and be continuing or would result
therefrom.

     7.5 Acquisitions. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, consummate
any Acquisition, provided that the Parent or any of its Subsidiaries may
consummate any Acquisition so long as (i) prior to the closing of such Acquisition, the
Borrower shall provide the Lenders with a Compliance Certificate prepared on a Pro Forma Basis
giving effect to such Acquisition that demonstrates compliance with the covenants in Article VI on
a Pro Forma Basis, (ii) in the case of an Acquisition to which the Parent or ICE Trust is a party
involving a merger, amalgamation or the acquisition of control of the Capital Stock of a Person,
the Parent or ICE Trust, as the case may be, is the surviving entity, (iii) each business acquired
shall be in substantially the same line of business as the business conducted by the Parent or its
Subsidiaries on the Closing Date or in lines of business reasonably related thereto; (iv) the board
of directors or equivalent governing body of the Person whose Capital Stock or business is acquired
shall have approved such Acquisition, if required by applicable law (but provided in any event such
Acquisition shall not be “hostile”), (v) no Default or Event of Default shall have occurred and be
continuing at the time of the consummation of any such Acquisition or would exist immediately after
giving effect thereto and (vi) the applicable conditions and requirements of Section 5.10 are
satisfied.

     7.6 Restricted Payments. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, directly
or indirectly, declare or make any dividend payment, or make any other distribution of cash,
property or assets, in respect of any of its Capital Stock or any warrants, rights or options to
acquire its Capital Stock, or purchase, redeem, retire or otherwise acquire for value any shares of
its Capital Stock or any warrants, rights or options to acquire its Capital Stock, or set aside
funds for any of the foregoing (any of the foregoing being a “Restricted Payment”), except
that:

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     (a) each Subsidiary may make payments to the Parent for its proportionate share of the tax
liability of the affiliated group of entities that file consolidated federal income tax returns,
provided that such payments are used to pay taxes, and provided further that any
tax refunds received by the Parent that are attributable to the any of its Subsidiaries shall be
returned promptly by the Parent to such Subsidiary;

     (b) each Wholly Owned Subsidiary of the Parent may declare and make dividend payments or other
distributions to the Parent or to another Subsidiary of the Parent, in each case to the extent not
prohibited under applicable Requirements of Law;

     (c) the Parent and any of its Subsidiaries may declare and make dividend payments or other
distributions payable solely in its Common Stock; and

     (d) so long as no Default or Event of Default shall have occurred and be continuing or would
result therefrom, the Parent and any of its Subsidiaries may make any Restricted Payment.

     7.7 Transactions with Affiliates. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, enter into
any transaction (including, without limitation, any purchase, sale, lease or exchange of property
or the rendering of any service) with any officer, director, stockholder or other Affiliate of any
Borrower or any of its Subsidiaries, except in the ordinary course of its business and upon fair
and reasonable terms that are no less favorable to it than it would be obtained in a
comparable arm’s length transaction with a Person other than an Affiliate of such Borrower or
such Subsidiary; provided, however, that nothing contained in this Section 7.7
shall prohibit:

     (i) transactions described on Schedule 7.8 (and any renewals or replacements thereof on
terms not materially more disadvantageous to the applicable Credit Party) or otherwise
expressly permitted under any other provision of this Agreement;

     (ii) transactions among any Borrower and/or the Subsidiary Guarantors not prohibited
under this Agreement (provided that such transactions shall remain subject to any
other applicable limitations and restrictions set forth in this Agreement); and

     (iii) transactions with Affiliates in good faith in the ordinary course of such
Borrower’s or such Subsidiary’s business consistent with past practice and on terms no less
favorable to such Borrower or such Subsidiary than those that could have been obtained in a
comparable transaction on an arm’s length basis from a Person that is not an Affiliate.

     7.8 Lines of Business. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, engage in
any lines of business other than the businesses engaged in by it on the Closing Date and businesses
and activities reasonably related thereto.

     7.9 Limitation on Certain Restrictions. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, directly
or indirectly, create or otherwise cause or suffer to exist or become effective any restriction or
encumbrance on (a) the ability of the Credit Parties to perform and comply with their respective
obligations under the Credit Documents or (b) the

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ability of any Subsidiary of a Borrower to make
any dividend payment or other distribution in respect of its Capital Stock, to repay Indebtedness
owed to a Borrower or any other Subsidiary, to make loans or advances to a Borrower or any other
Subsidiary, or to transfer any of its assets or properties to a Borrower or any other Subsidiary,
except (in the case of clause (b) above only) for such restrictions or encumbrances existing under
or by reason of (i) this Agreement and the other Credit Documents, (ii) applicable Requirements of
Law, (iii) customary non-assignment provisions in leases and licenses of real or personal property
entered into by a Borrower or any Subsidiary as lessee or licensee in the ordinary course of
business, restricting the assignment or transfer thereof or of property that is the subject
thereof, (iv) the Guaranty Fund and (v) customary restrictions and conditions contained in any
agreement relating to the sale of assets (including Capital Stock of a Subsidiary) pending such
sale, provided that such restrictions and conditions apply only to the assets being sold
and such sale is permitted under this Agreement.

     7.10 No Other Negative Pledges. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, enter into
or suffer to exist any agreement or restriction that, directly or indirectly, prohibits or
conditions the creation, incurrence or assumption of any Lien upon or with respect to any part of
its property or assets, whether now owned or hereafter acquired, or agree to do any of the
foregoing, except for such agreements or restrictions existing under or by reason of (i) this
Agreement and the other Credit Documents, (ii) applicable Requirements of Law, (iii) any agreement
or instrument creating a Permitted Lien (but only to the extent such agreement or restriction
applies to the assets subject to such Permitted Lien), (iv) customary provisions in leases and
licenses of real or personal property entered into by such Borrower or such Subsidiary as lessee or
licensee in the ordinary course of business, restricting the granting of Liens therein or in
property that is the subject thereof, and (v) customary restrictions and conditions contained in
any agreement relating to the sale of assets (including Capital Stock of a Subsidiary) pending such
sale, provided that such restrictions and conditions apply only to the assets being sold
and such sale is permitted under this Agreement.

     7.11 Investments in Subsidiaries. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, directly
or indirectly, purchase, own, invest in or otherwise acquire any Capital Stock, evidence of
indebtedness or other obligation or security or any interest whatsoever in any Domestic Subsidiary
of the Parent that is both (a) not a Wholly-Owned Subsidiary and (b) not a Subsidiary Guarantor
(each, a “Non-Wholly-Owned Subsidiary”), or make or permit to exist any loans, advances or
extensions of credit to, or any investment in cash or by delivery of property in, any
Non-Wholly-Owned Subsidiary (collectively, “Investments”) other than:

     (i) Investments in Non-Wholly-Owned Subsidiaries existing as of the Closing Date;

     (ii) the undertakings of the Parent in Article XI; and

     (iii) other Investments in Non Wholly-Owned Subsidiaries made in any fiscal year in an
aggregate amount not exceeding 15% of Consolidated EBITDA for the fiscal year most recently
ended.

     7.12 Fiscal Year. Each Borrower will not, and will not permit or cause any of its Subsidiaries to, change its
fiscal year or its method of determining fiscal quarters.

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     7.13 Accounting Changes. Other than as permitted pursuant to Section 1.2, each Borrower will not, and will not
permit or cause any of its Subsidiaries to, make or permit any material change in its accounting
policies or reporting practices, except as may be required by GAAP (or, in the case of Foreign
Subsidiaries, generally accepted accounting principles in the jurisdiction of its organization).

ARTICLE VIII

EVENTS OF DEFAULT

     8.1 Events of Default. The occurrence of any one or more of the following events shall constitute an “Event of
Default”:

     (a) Any Borrower shall fail to pay when due (i) any principal of any Loan, or (ii) any
interest on any Loan, any fee payable under this Agreement or any other Credit Document, or (except
as provided in clause (i) above) any other Obligation (other than any Obligation under a Hedge
Agreement), and (in the case of this clause (ii) only) such failure shall continue for a period of
three (3) Business Days;

     (b) Any Borrower or any other Credit Party shall (i) fail to observe, perform or comply with
any condition, covenant or agreement contained in any of Sections 5.2(e)(i), 5.4, 5.5, 5.10 or 5.11
or in Articles VI or VII or (ii) fail to observe, perform or comply with any condition, covenant or
agreement contained in Sections 5.1 or 5.2 (other than Section 5.2(e)(i)) and (in the case of this
clause (ii) only) such failure shall continue unremedied for a period of five (5) days after the
earlier of (y) the date on which a Responsible Officer of such Borrower acquires knowledge thereof
and (z) the date on which written notice thereof is delivered by the Administrative Agent or any
Lender to such Borrower;

     (c) Any Borrower or any other Credit Party shall fail to observe, perform or comply with any
condition, covenant or agreement contained in this Agreement or any of the other Credit Documents
other than those enumerated in Sections 8.1(a) and 8.1(b), and such failure (i) by the express
terms of such Credit Document, constitutes an Event of Default, or (ii) shall continue unremedied
for any grace period specifically applicable thereto or, if no grace period is specifically
applicable, for a period of thirty (30) days after the earlier of (y) the date on which a
Responsible Officer of such Borrower acquires knowledge thereof and (z) the date on which written
notice thereof is delivered by the Administrative Agent or any Lender to such Borrower; or any
default or event of default shall occur under any Hedge Agreement to which any Borrower and any
Hedge Party are parties;

     (d) Any representation or warranty made or deemed made by or on behalf of any Borrower or any
other Credit Party in this Agreement, any of the other Credit Documents or in any certificate,
instrument, report or other document furnished at any time in connection herewith or therewith
shall prove to have been incorrect, false or misleading in any material respect as of the time
made, deemed made or furnished;

     (e) Any Borrower or any other Credit Party shall (i) fail to pay when due (whether by
scheduled maturity, acceleration or otherwise and after giving effect to any applicable grace

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period or notice provisions) any principal of or interest due under the Existing Credit Facility,
the New Credit Facility or any other Indebtedness (other than the Indebtedness incurred pursuant to
this Agreement) having an aggregate principal amount of at least $1,000,000 or (ii) fail to
observe, perform or comply with any condition, covenant or agreement contained in any agreement or
instrument evidencing or relating to any such Indebtedness, or any other event shall occur or
condition exist in respect thereof, and the effect of such failure, event or condition is to cause,
or permit the holder or holders of such Indebtedness (or a trustee or agent on its or their behalf)
to cause (with or without the giving of notice, lapse of time, or both), without regard to any
subordination terms with respect thereto, such Indebtedness to become due, or to be prepaid,
redeemed, purchased or defeased, prior to its stated maturity;

     (f) Any Borrower or any other Credit Party shall (i) file a voluntary petition or commence a
voluntary case seeking liquidation, winding-up, reorganization, dissolution, arrangement,
readjustment of debts or any other relief under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect, (ii) consent to the institution
of, or fail to controvert in a timely and appropriate manner, any petition or case of the type
described in Section 8.1(g), (iii) apply for or consent to the appointment of or taking possession
by a custodian, trustee, receiver or similar official for or of itself or all or a substantial part
of its properties or assets, (iv) fail generally, or admit in writing its inability, to pay its
debts generally as they become due, (v) make a general assignment for the benefit of creditors or
(vi) take any corporate action to authorize or approve any of the foregoing;

     (g) Any involuntary petition or case shall be filed or commenced against any Borrower or any
other Credit Party seeking liquidation, winding-up, reorganization, dissolution, arrangement,
readjustment of debts, the appointment of a custodian, trustee, receiver or similar official for it
or all or a substantial part of its properties or any other relief under the Bankruptcy Code or
under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, and
such petition or case shall continue undismissed and unstayed for a period of sixty (60) days; or
an order, judgment or decree approving or ordering any of the foregoing shall be entered in any
such proceeding;

     (h) Any one or more money judgments, writs or warrants of attachment, executions or similar
processes involving an aggregate amount (to the extent not paid or fully bonded or covered by
insurance as to which the surety or insurer, as the case may be, has the financial ability to
perform and has acknowledged liability in writing) in excess of $1,000,000 shall be entered or
filed against any Borrower or any other Credit Party or any of their respective properties and the
same shall not be paid, dismissed, bonded, vacated, stayed or discharged within a period of thirty
(30) days or in any event later than five (5) days prior to the date of any proposed sale of such
property thereunder;

     (i) Any Credit Document shall for any reason (other than as explicitly permitted under this
Agreement or any other Credit Document) cease to be in full force and effect as to any Credit
Party, or any Credit Party or any Person acting on its behalf shall deny or disaffirm such Credit
Party’s obligations thereunder;

     (j) A Change of Control shall have occurred;

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     (k) Any ERISA Event or any other event or condition shall occur or exist with respect to any
Plan or Multiemployer Plan and, as a result thereof, together with all other ERISA Events and other
events or conditions then existing, any Credit Party and its ERISA Affiliates have incurred, or
could reasonably be expected to incur, liability to any one or more Plans or Multiemployer Plans or
to the PBGC (or to any combination thereof) in excess of $1,000,000; or

     (l) Any one or more licenses, permits, accreditations or authorizations of any Borrower or any
other Credit Party shall be suspended, limited or terminated or shall not be renewed, or any other
action shall be taken by any Governmental Authority or Self-Regulatory Organization in response to
any alleged failure by any Borrower or any of its Subsidiaries to be
in compliance with applicable Requirements of Law, and such action, individually or in the
aggregate, has or could reasonably be expected to have a Material Adverse Effect.

     8.2 Remedies: Termination of Commitments, Acceleration, etc.
Upon and at any time after the occurrence and during the continuance of any Event of Default,
the Administrative Agent shall at the direction, or may with the consent, of the Required Lenders,
take any or all of the following actions at the same or different times:

     (a) Declare the Commitments to be terminated, whereupon the same shall terminate;
provided that, upon the occurrence of a Bankruptcy Event, the Commitments shall
automatically be terminated;

     (b) Declare all or any part of the outstanding principal amount of the Loans to be immediately
due and payable, whereupon the principal amount so declared to be immediately due and payable,
together with all interest accrued thereon and all other amounts payable under this Agreement and
the other Credit Documents (but excluding, for an avoidance of doubt, any amounts owing under any
Hedge Agreement), shall become immediately due and payable without presentment, demand, protest,
notice of intent to accelerate or other notice or legal process of any kind, all of which are
hereby knowingly and expressly waived by each Borrower; provided that, upon the occurrence
of a Bankruptcy Event, all of the outstanding principal amount of the Loans and all other amounts
described in this Section 8.2(b) shall automatically become immediately due and payable without
presentment, demand, protest, notice of intent to accelerate or other notice or legal process of
any kind, all of which are hereby knowingly and expressly waived by each Borrower;

     (c) Appoint or direct the appointment of a receiver for the properties and assets of the
Credit Parties, both to operate and to sell such properties and assets, and each Borrower, for
itself and on behalf of its Subsidiaries, hereby consents to such right and such appointment and
hereby waives any objection such Borrower or such Subsidiary may have thereto or the right to have
a bond or other security posted by the Administrative Agent on behalf of the Lenders, in connection
therewith; and

     (d) Exercise all rights and remedies available to it under this Agreement, the other Credit
Documents and applicable law.

     8.3 Remedies: Set-Off. Upon and at any time after the occurrence and during the continuance of any Event of
Default, each Lender and each of their respective Affiliates is

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hereby authorized at any time and
from time to time, to the fullest extent permitted by applicable law, to set off and apply any and
all deposits (general or special, time or demand, provisional or final, in whatever currency) at
any time held and other obligations (in whatever currency) at any time owing by such Lender or any
such Affiliate to or for the credit or the account of any Borrower against any and all of the
obligations of such Borrower now or hereafter existing under this Agreement or any other Credit
Document to such Lender, irrespective of whether or not such Lender shall have made any demand
under this Agreement or any other Credit Document and although such obligations of such Borrower
may be contingent or unmatured or are owed to a branch or office of such Lender
different from the branch or office holding such deposit or obligated on such indebtedness.
The rights of each Lender and their respective Affiliates under this Section are in addition to
other rights and remedies (including other rights of setoff) that such Lender or their respective
Affiliates may have. Each 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.

ARTICLE IX

THE ADMINISTRATIVE AGENT

     9.1 Appointment and Authority. Each of the Lenders hereby irrevocably appoints Wachovia to act on its behalf as the
Administrative Agent hereunder and under the other Credit 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 and the Lenders, and neither Borrower nor any other Credit
Party shall have rights as a third party beneficiary of any of such provisions.

     9.2 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and
powers in its capacity as a Lender as any other Lender and may exercise the same as though it were
not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly
indicated or unless the context otherwise requires, include the Person serving as the
Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may
accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity
for and generally engage in any kind of business with 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.

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

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

     (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or

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by the other Credit
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 Credit 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
Credit Document or applicable law; and

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

     The Administrative Agent shall not be liable for any action taken or not taken by it (i) with
the consent or at the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Sections 10.5 and 8.2) or (ii) in the absence of
its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to
have knowledge of any Default or Event of Default unless and until notice describing such Default
or Event of Default is given to the Administrative Agent by any Borrower or a 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 Credit Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness or
genuineness of this Agreement, any other Credit Document or any other agreement, instrument or
document or (v) the satisfaction of any condition set forth in Article III or elsewhere herein,
other than to confirm receipt of items expressly required to be delivered to the Administrative
Agent.

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

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

     9.6 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders and
the Parent. Upon receipt of any such notice of resignation, the Required Lenders shall have the
right, in consultation with the Parent, 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,
provided that if such bank is not a Lender or an Affiliate of a Lender, the Parent shall
have the right to consent to such appointment (such consent to not be unreasonably withheld). If
no such successor shall have been so appointed by the Required Lenders and shall have accepted such
appointment within thirty (30) days after the retiring Administrative Agent gives notice of its
resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a
successor Administrative Agent meeting the qualifications set forth above; provided that if
the Administrative Agent shall notify the Parent and the Lenders that no qualifying Person has
accepted such appointment, then such resignation shall nonetheless become effective in accordance
with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder and under the other Credit Documents (except that in the case of any
collateral security held by the Administrative Agent on behalf of the Lenders under any of the
Credit Documents, the retiring Administrative Agent shall continue to hold such collateral security
until such time as a successor Administrative Agent is appointed) and (2) 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 directly, until such time as the Required Lenders
appoint a successor Administrative Agent as provided for above in this Section. Upon the
acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall
succeed to and become vested with all of the rights, powers, privileges and duties of the retiring
(or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from
all of its duties and obligations hereunder or under the other Credit Documents (if not already
discharged therefrom as provided above in this Section). The fees payable by the Parent to a
successor Administrative Agent shall be the same as those payable to its predecessor unless
otherwise agreed between the Parent and such successor. After the retiring Administrative Agent’s
resignation hereunder and under the other Credit Documents, the provisions of this Article and
Section 10.1 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.

     9.7 Non-Reliance on Administrative Agent and Other Lenders. Each 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 also acknowledges that it will, independently and
without reliance

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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 Credit Document or any related agreement or any document furnished hereunder
or thereunder.

     9.8 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunners, Arrangers,
Syndication Agent or other agents listed on the cover page hereof shall have any powers, duties or
responsibilities under this Agreement or any of the other Credit Documents, except in its capacity,
as applicable, as the Administrative Agent or a Lender hereunder.

     9.9 Guaranty Matters. The Lenders hereby authorize the Administrative Agent, at its option and in its discretion,
to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a
Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative
Agent at any time, the Lenders will confirm in writing the Administrative Agent’s authority to
release any Guarantor from its obligations under the Guaranty, pursuant to this Section 9.9.

ARTICLE X

MISCELLANEOUS

     10.1 Expenses; Indemnity; Damage Waiver.

     (a) The Parent shall pay (i) all reasonable out-of-pocket expenses incurred by the
Administrative Agent, the Arrangers and their respective Affiliates (including the reasonable fees,
charges and disbursements of counsel for the Administrative Agent and the Arrangers), in connection
with the syndication of the credit facilities provided for herein, the preparation, negotiation,
execution, delivery and administration of this Agreement and the other Credit 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 out-of-pocket expenses
incurred by the Administrative Agent or any Lender (including the fees, charges and disbursements
of any counsel for the Administrative Agent or any Lender), in connection with the enforcement or
protection of its rights (A) in connection with this Agreement and the other Credit Documents,
including its rights under this Section, or (B) in connection with the Loans made hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans, and (iii) any civil penalty or fine assessed by OFAC
against, and all reasonable costs and expenses (including counsel fees and disbursements) incurred
in connection with defense thereof by, the
Administrative Agent or any Lender as a result of conduct of any Borrower that violates a
sanction enforced by OFAC.

     (b) The Parent shall indemnify the Administrative Agent (and any sub-agent thereof), the
Arrangers, each Lender, and each Related Party of any of the foregoing persons (each such person
being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related expenses (including the fees, charges and
disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted

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against any Indemnitee by any third party or by any Borrower or any other Credit Party arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other
Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by
the parties hereto of their respective obligations hereunder or thereunder or the consummation of
the transactions contemplated hereby or thereby, (ii) any Loan or the use or proposed use of the
proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Substances on or
from any property owned or operated by any Credit Party, or any Environmental Claim related in any
way to any Credit Party, or (iv) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other theory,
whether brought by a third party or by any Borrower or any other Credit Party, and regardless of
whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or
related expenses are determined by a court of competent jurisdiction by final and nonappealable
judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee.

     (c) To the extent that the Parent for any reason fails to indefeasibly pay any amount required
under Section 10.1(a) or Section 10.1(b) to be paid by it to the Administrative Agent (or any
sub-agent thereof), each Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent) such Lender’s proportion (based on the percentages as used in determining the Required
Lenders as of the time that the applicable unreimbursed expense or indemnity payment is sought) of
such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related expense, as the case may be, was incurred by or asserted against the
Administrative Agent (or any such sub-agent) 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) in connection
with such capacity. The obligations of the Lenders under this Section 10.1(c) are subject to the
provisions of Section 2.3(c).

     (d) To the fullest extent permitted by applicable law, each Borrower shall not assert, and
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other Credit Document or any agreement or
instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the
use of the proceeds thereof. No Indemnitee referred to in Section 10.1(b) 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
(including Intralinks, SyndTrak or similar systems) in connection with this Agreement or the other
Credit Documents or the transactions contemplated hereby or thereby, except as a result of such
Indemnitee’s gross negligence or willful misconduct.

     (e) All amounts due under this Section shall be payable by the Parent upon demand therefor.

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     10.2 Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process.

     (a) This Agreement and the other Credit Documents shall (except as may be expressly otherwise
provided in any Credit Document) be governed by, and construed in accordance with, the law of the
State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law,
but excluding all other choice of law and conflicts of law rules).

     (b) Each Credit Party irrevocably and unconditionally submits, for itself and its property, to
the nonexclusive jurisdiction of the courts of the State of New York sitting in New York County and
of the United States District Court of the Southern District of New York, and any appellate court
from any thereof, in any action or proceeding arising out of or relating to this Agreement or any
other Credit Document, or for recognition or enforcement of any judgment, and each of the parties
hereto irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such state court or, to the fullest extent permitted by
applicable law, in such federal court. Each of the parties hereto agrees that a final judgment in
any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law. Nothing in this Agreement or in any
Credit Document shall affect any right that the Administrative Agent, any Lender may otherwise have
to bring any action or proceeding relating to this Agreement or any other Credit Document against
any Credit Party or any of their respective properties in the courts of any jurisdiction.

     (c) Each Borrower irrevocably and unconditionally waives, to the fullest extent permitted by
applicable law, any objection that it may now or hereafter have to the laying of venue of any
action or proceeding arising out of or relating to this Agreement or any other Credit Document in
any court referred to in Section 10.2(b). Each of the parties hereto hereby irrevocably waives, to
the fullest extent permitted by applicable law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

     (d) Each party hereto irrevocably consents to service of process in the manner provided for
notices in Section 10.4. Nothing in this Agreement will affect the right of any party hereto to
serve process in any other manner permitted by applicable law.

     10.3 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER
PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER CREDIT

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DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     10.4 Notices; Effectiveness; Electronic Communication.

     (a) Except in the cases of notices and other communications expressly permitted to be given by
telephone (and except as provided in Section 10.4(b)), all notices and other communications
provided for herein shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by telecopier as follows:

     (i) if to any Borrower or the Administrative Agent, to it at the address (or telecopier
number) specified for such Person on Schedule 1.1(a); and

     (ii) if to any Lender, to it at its address (or telecopier number) set forth in its
Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient).
Notices delivered through electronic communications to the extent provided in Section 10.4(b) shall
be effective as provided in Section 10.4(b).

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

     (c) Any party hereto may change its address or telecopier number for notices and other
communications hereunder by notice to the other parties hereto (except that each Lender need not
give notice of any such change to the other Lenders in their capacities as such).

     10.5 Amendments, Waivers, etc. No amendment, modification, waiver or discharge or termination of, or consent to any
departure by any Credit Party from, any provision of this

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Agreement or any other Credit Document
shall be effective unless in a writing signed by the Required Lenders (or by the Administrative
Agent at the direction or with the consent of the Required Lenders), and then the same shall be
effective only in the specific instance and for the specific purpose for which given;
provided, however, that no such amendment, modification, waiver, discharge,
termination or consent shall:

     (a) unless agreed to by each Lender directly affected thereby, (i) reduce or forgive the
principal amount of any Loan, reduce the rate of or forgive any interest thereon (provided
that only the consent of the Required Lenders shall be required to waive the applicability of any
post-default increase in interest rates), or reduce or forgive any fees hereunder (other than fees
payable to the Administrative Agent or the Arrangers for their own accounts) (it being understood
that an amendment to the definition of Total Leverage Ratio (or any defined terms used therein)
shall not constitute a reduction of any interest rate or fees hereunder), (ii) extend the final
scheduled maturity date or any other scheduled date for the payment of any principal of or interest
on any Loan (including any scheduled date for the mandatory termination of any Commitments), or
extend the time of payment of any fees hereunder (other than fees payable to the Administrative
Agent or the Arrangers for their own accounts), or (iii) increase any Commitment of any such Lender
over the amount thereof in effect or extend the maturity thereof (it being understood that a waiver
of any condition precedent set forth in Section 3.2 or of any Default or Event of Default or
mandatory termination in the Commitments, if agreed to by the Required Lenders or all Lenders (as
may be required hereunder with respect to such waiver), shall not constitute such an increase);

     (b) unless agreed to by all of the Lenders, (i) release any Guarantor from its obligations
under the Guaranty (other than (A) as may be otherwise specifically provided in this Agreement or
in any other Credit Document or (B) in connection with the sale or other disposition of all of the
Capital Stock of such Guarantor in a transaction expressly permitted under or pursuant to this
Agreement), (ii) reduce the percentage of the aggregate Commitments or of the aggregate unpaid
principal amount of the Loans, or the number or percentage of Lenders, that shall be required for
the Lenders or any of them to take or approve, or direct the Administrative Agent to take, any
action hereunder or under any other Credit Document (including as set forth in the definition of
“Required Lenders”), (iii) change any other provision of this Agreement or any of the other
Credit Documents requiring, by its terms, the consent or approval of all the Lenders for such
amendment, modification, waiver, discharge, termination or consent, or (iv) change or waive any
provision of Section 2.12(e), Section 2.14, any other provision of this Agreement or any other
Credit Document requiring pro rata treatment of any Lenders, or this Section 10.5; and

     (c) unless agreed to by each Hedge Party that would be adversely affected thereby in its
capacity as such relative to the Lenders, (i) amend the definition of “Guaranteed Obligations” in
the Guaranty (or any similar defined term in any other Credit Document benefiting such Hedge
Party), (ii) amend the definition of “Guaranteed Parties” in the Guaranty (or any similar defined
term in any other Credit Document benefiting such Hedge Party), (iii) amend any provision regarding
priority of payments in this Agreement or any other Credit Document, or (iv) release any Guarantor
from its obligations under the Guaranty (other than (A) as may be otherwise specifically provided
in this Agreement or in any other Credit Document or (B) in

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connection with the sale or other disposition of all of the Capital Stock of such Guarantor in a transaction expressly permitted
under or pursuant to this Agreement);

and provided further that the Fee Letters may only be amended or modified, and any
rights thereunder waived, in a writing signed by the parties thereto.

Notwithstanding the fact that the consent of all Lenders is required in certain circumstances as
set forth above, each Lender is entitled to vote as such Lender sees fit on any bankruptcy
reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of
Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set forth
herein. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right
to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of
such Lender may not be increased or extended without the consent of such Lender.

     10.6 Successors and Assigns.

     (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that neither
Borrower nor any other Credit Party 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 Section 10.6(b), (ii) by way of
participation in accordance with the provisions of Section 10.6(d) or (iii) by way of pledge or
assignment of a security interest subject to the restrictions of Section 10.6(f) (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in Section 10.6(d) 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) Any Lender may assign to one or more assignees all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitments and the Loans at
the time owing to it); provided that any such assignment shall be subject to the following
conditions:

     (i) The prior written consent of the Administrative Agent and the Parent (such consent
not to be unreasonably withheld or delayed) is obtained, except that

     (A) the consent of the Parent shall not be required if (y) a Default or Event
of Default has occurred and is continuing at the time of such assignment or (z) such
assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; and

     (B) the consent of the Administrative Agent shall not be required if such
assignment is to a Lender;

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     (ii) (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 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 clause (A) above, 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, in the case of any assignment in respect of a
Commitment (which for this purpose includes Loans outstanding), treating assignments to two
or more Approved Funds under common management as one assignment for purposes of the minimum
amount, unless each of the Administrative Agent and, so long as no Default or Event of
Default has occurred and is continuing, the Parent otherwise consents (each such consent not
to be unreasonably withheld or delayed);

     (iii) 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;

     (iv) 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 and the assignee, if it is not a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire;

     (v) no such assignment shall be made to any Borrower or any of such Borrower’s
Affiliates or Subsidiaries; and

     (vi) no such assignment shall be made to a natural person.

Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section
10.6(c), 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 2.15(a), 2.15(b), 2.16, 2.17 and 10.1 with respect to
facts and circumstances occurring prior to the effective date of such assignment. If requested by
or on behalf of the assignee, the Borrowers, at their own expense, will execute and deliver to the
Administrative Agent a new Note or Notes to the order of the assignee (and, if the assigning Lender
has retained any portion of its rights and obligations hereunder, to the order of the assigning
Lender), prepared in accordance with the applicable provisions of Section 2.4 as necessary to
reflect, after giving effect to the assignment, the Commitments and/or outstanding Loans, as the
case may be, of the assignee and (to the extent of any retained interests) the

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assigning Lender, in substantially the form of Exhibit A, as applicable. Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this Section 10.6(b) shall be
treated for purposes of this Agreement as a sale by such Lender of a participation in such rights
and obligations in accordance with Section 10.6(d).

     (c) The Administrative Agent, acting solely for this purpose as an agent of the Borrowers,
shall maintain at its address for notices referred to in Schedule 1.1(a) a copy of each Assignment
and Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Loans owing to, each Lender pursuant
to the terms hereof from time to time (the “Register”). The entries in the Register shall
be conclusive, and the Borrowers, the Administrative Agent and the Lenders may treat each Person
whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by the Borrowers, at any reasonable time and from time to time upon
reasonable prior notice. In addition, at any time that a request for a consent for a material or
substantive change to the Credit Documents is pending, any Lender wishing to consult with other
Lenders in connection therewith may request and receive from the Administrative Agent a copy of the
Register.

     (d) 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 or any
Borrower or any of such Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in
all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or
a portion of its Commitments 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, and the Lenders shall continue to deal solely and directly
with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that
such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such agreement or
instrument may provide that such Lender will not, without the consent of the Participant, agree to
any amendment, waiver or other modification described in Section 10.5(a) and clause (i) of Section
10.5(b) that affects such Participant. Subject to Section 10.6(e), the Borrowers agree that each
Participant shall be entitled to the benefits of Sections 2.15(a), 2.15(b), 2.16 and 2.17 to the
same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section
10.6(b). To the extent permitted by law, each Participant also shall be entitled to the benefits
of Section 8.3 as though it were a Lender; provided such Participant agrees to be subject
to Section 2.14(b) as though it were a Lender.

     (e) A Participant shall not be entitled to receive any greater payment under Section 2.15(a),
Section 2.15(b) or Section 2.16 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrowers’ prior written consent. A Participant that would be a
Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.16 unless the
Borrowers are notified of the participation sold to such Participant and

77

 

such Participant agrees, for the benefit of the Borrowers, to comply with Section 2.16(e) as though it were a Lender.

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

     (g) 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 or any state laws based on the Uniform Electronic
Transactions Act.

     (h) Any Lender or participant may, in connection with any assignment, participation, pledge or
proposed assignment, participation or pledge pursuant to this Section 10.6, disclose to the
Assignee, Participant or pledgee or proposed Assignee, Participant or pledgee any information
relating to a Borrower and its Subsidiaries furnished to it by or on behalf of any other party
hereto, provided that such Assignee, Participant or pledgee or proposed Assignee,
Participant or pledgee agrees in writing to keep such information confidential to the same extent
required of the Lenders under Section 10.11.

     10.7 No Waiver. The rights and remedies of the Administrative Agent and the Lenders expressly set forth in
this Agreement and the other Credit Documents are cumulative and in addition to, and not exclusive
of, all other rights and remedies available at law, in equity or otherwise. No failure or delay 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 be construed to be a waiver of any Default or Event of Default. No course of
dealing between any Credit Party, the Administrative Agent or the Lenders or their agents or
employees shall be effective to amend, modify or discharge any provision of this Agreement or any
other Credit Document or to constitute a waiver of any Default or Event of Default. No notice to
or demand upon any Credit Party in any case shall entitle any Credit Party to any other or further
notice or demand in similar or other circumstances or constitute a waiver
of the right of the Administrative Agent or any Lender to exercise any right or remedy or take
any other or further action in any circumstances without notice or demand.

     10.8 Survival. All representations, warranties and agreements made by or on behalf of any Borrower or any
other Credit Party in this Agreement and in the other Credit Documents shall survive the execution
and delivery hereof or thereof and the making and repayment of the Loans until the indefeasible
payment in full of the Obligations. In addition, notwithstanding anything herein or under
applicable law to the contrary, the provisions of this Agreement and the

78

 

other Credit Documents
relating to indemnification or payment of costs and expenses, including, without limitation, the
provisions of Sections 2.15(a), 2.15(b), 2.16, 2.17 and 10.1, shall survive the payment in full of
all Loans, the termination of the Commitments and any termination of this Agreement or any of the
other Credit Documents. Except as set forth above, this Agreement and the Credit Documents shall
be deemed terminated upon the indefeasible payment in full of the Obligations.

     10.9 Severability. To the extent any provision of this Agreement is prohibited by or invalid under the
applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such
prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such
provision in any other jurisdiction or the remaining provisions of this Agreement in any
jurisdiction.

     10.10 Construction. The headings of the various articles, sections and subsections of this Agreement and the
table of contents have been inserted for convenience only and shall not in any way affect the
meaning or construction of any of the provisions hereof. Except as otherwise expressly provided
herein and in the other Credit Documents, in the event of any inconsistency or conflict between any
provision of this Agreement and any provision of any of the other Credit Documents, the provision
of this Agreement shall control.

     10.11 Confidentiality. Each of the Administrative Agent and the Lenders agree to maintain the confidentiality of
the Information (as defined below), except that Information may be disclosed (a) to its Affiliates
and to its and its Affiliates’ respective partners, directors, officers, employees, agents,
advisors and other representatives (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such Information and instructed to keep such
Information confidential), (b) to the extent requested by any regulatory authority purporting to
have jurisdiction over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by applicable Requirements of
Law or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection
with the exercise of any remedies hereunder or under any other Credit Document or any action or
proceeding relating to this Agreement or any other Credit Document or the enforcement of rights
hereunder or thereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to (i) any assignee of or Participant in, or
any prospective assignee of or Participant in, any of its rights or obligations under this
Agreement, or (ii) any actual or prospective counterparty (or its advisors) to any swap or
derivative transaction relating to any Borrower and its obligations, (g) with the consent of the
Parent or (h) to the extent such Information (x) becomes publicly available other than as a result
of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender or any
of their respective Affiliates on a nonconfidential basis from a source other than any Borrower or
any of its Subsidiaries or Affiliates.

     For purposes of this Section, “Information” means all information received from the
Credit Parties relating to any Credit Party or any of their respective businesses, other than any
such information that is available to the Administrative Agent or any Lender on a nonconfidential
basis prior to disclosure by any Credit Party, provided that, in the case of information
received from any Credit Party after the date hereof, such information is clearly identified at the
time of delivery as confidential. Any Person required to maintain the

79

 

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.

     10.12 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Agreement and the other Credit Documents
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 for the Fee Letters). Except as provided in Section 3.1, this
Agreement shall become effective when it shall have been executed by the Administrative Agent and
when the Administrative Agent shall have received counterparts hereof that, when taken together,
bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a
signature page of this Agreement by telecopy (or by PDF formatted page sent by electronic mail)
shall be effective as delivery of a manually executed counterpart of this Agreement.

     10.13 Disclosure of Information. Each Borrower agrees and consents to the Administrative Agent’s and the Arrangers’
disclosure of information relating to this transaction to Gold Sheets and other similar
bank trade publications. Such information will consist of deal terms and other information
customarily found in such publications.

     10.14 USA Patriot Act Notice. Each Lender that is subject to the Act (as defined below) and the Administrative Agent (for
itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
 2001)) (the “Act”), it is required to obtain, verify and record information that
identifies each Borrower, which information includes the name and address of such Borrower and
other information that will allow such Lender or the Administrative Agent, as applicable, to
identify such Borrower in accordance with the Act.

ARTICLE XI

THE GUARANTY

     11.1 The Guaranty. In order to induce the Lenders to enter into this Agreement and to extend credit hereunder
and in recognition of the direct benefits to be received by the Parent from the proceeds of the
Loans, the Parent hereby unconditionally, absolutely and irrevocably guarantees, as primary obligor
and not merely as surety, the full and punctual payment (whether at stated maturity, upon
acceleration or otherwise) of all Obligations of ICE Trust under the Credit Documents including the
principal of and interest on the Loans owing by ICE Trust pursuant to this Agreement. This
Guaranty is a guaranty of payment and not of collection.

     11.2 Guaranty Unconditional. The obligations of the Parent under this Article XI shall be unconditional, absolute and
irrevocable and, without limiting the generality of the foregoing, shall not be released,
discharged or otherwise affected by:

80

 

     (a) any extension, renewal, settlement, compromise, waiver or release in respect of any
obligation of any other obligor under any of the Credit Documents, by operation of law or
otherwise;

     (b) any modification or amendment of or supplement to any of the Credit Documents;

     (c) any release, non-perfection, invalidity or impairment of any direct or indirect security
for any obligation of any other obligor under any of the Credit Documents;

     (d) any change in the corporate existence, structure or ownership of any obligor, or any
insolvency, bankruptcy, reorganization or other similar proceeding affecting any other obligor or
its assets or any resulting release or discharge of any obligation of any other obligor contained
in any of the Credit Documents;

     (e) the existence of any claim, set-off or other rights which any obligor may have at any time
against any other obligor, the Administrative Agent, any Lender or any other corporation or person,
whether in connection with any of the Credit Documents or any unrelated transactions, provided that
nothing herein shall prevent the assertion of any such claim by separate suit or compulsory
counterclaim;

     (f) any invalidity or unenforceability relating to or against any other obligor for any reason
of any of the Credit Documents, or any provision of applicable law or regulation
purporting to prohibit the payment by any other obligor of principal, interest or any other
amount payable under any of the Credit Documents;

     (g) any law, regulation or order of any jurisdiction, or any other event, affecting any term
of any Obligation or the Lenders’ rights with respect thereto; or

     (h) any other act or omission to act or delay of any kind by any obligor, the Administrative
Agent, any Lender or any other corporation or person or any other circumstance whatsoever (other
than the defense of payment) which might, but for the provisions of this paragraph, constitute a
legal or equitable discharge of or defense to the Parent’s obligations under this Article XI.

     11.3 Duty Only Upon Payment in Full; Reinstatement in Certain Circumstances. The Parent’s obligations under this Article XI shall remain in full force and effect until
the Commitments of the Lenders hereunder shall have terminated and all Obligations payable by ICE
Trust under the Credit Documents shall have been indefeasibly paid in full. If at any time any
payment of the principal of or interest on any Loan or any other Obligation payable by ICE Trust
under the Credit Documents is rescinded or must be otherwise restored or returned upon the
insolvency, bankruptcy or reorganization of ICE Trust or otherwise, the Parent’s obligations under
this Article XI with respect to such payment shall be reinstated as though such payment had been
due but not made at such time.

     11.4 Waiver by the Parent. The Parent irrevocably waives acceptance hereof, presentment, demand, protest and any
notice not provided for herein, as well as any requirement that at any time any action be taken by
any corporation or person against ICE Trust, any other obligor or any other corporation or person
or against any collateral security. The Parent warrants

81

 

and agrees that each waiver set forth in
this Section 11.4 is made with full knowledge of its significance and consequences, and such
waivers shall be effective to the maximum extent permitted by law.

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

     11.6 Stay of Acceleration. If acceleration of the time for payment of any amount payable by ICE Trust under any of the
Credit Documents is stayed upon the insolvency, bankruptcy or reorganization of ICE Trust, all such
amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be
payable by the Parent under this Article XI forthwith on demand by the Administrative Agent made at
the request of the Required Lenders.

     11.7 Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until
the later of (i) the payment in full in cash of all Obligations payable under this Agreement and
(ii) the Termination Date, (b) be binding upon the Parent, its successors and assigns and (c) inure
to the benefit of and be enforceable by the Lenders and their successors, transferees and assigns.
Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may
assign or otherwise transfer all or any portion of its rights and obligations under this Agreement
to any other Person, and such other Person shall thereupon become vested with all the benefits in
respect thereof granted to such Lender herein or otherwise, in each case as and to the extent
provided in Section 10.6(b).

82

 

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

	 	 	 	 	 
	 	INTERCONTINENTALEXCHANGE, INC.

 	 
	 	By:  	/s/  Scott A. Hill
 	 
	 	 	Name:  	Scott A. Hill 	 
	 	 	Title:  	Vice President 	 
	 
	 	ICE US TRUST

 	 
	 	By:  	/s/ Kevin R. McClear
 	 
	 	 	Name:  	Kevin R. McClear 	 
	 	 	Title:  	Chief Operating Officer & General Counsel 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION, as

Administrative Agent, Swingline Lender and as a Lender

 	 
	 	By:  	/s/ G. Mendel Lay, Jr.
 	 
	 	 	Name:  	G. Mendel Lay, Jr. 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as
Syndication Agent and as a Lender

 	 
	 	By:  	/s/  Mark A. Phillips
 	 
	 	 	Name:  	Mark A. Phillips 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	CHANG HWA COMMERCIAL BANK,
LTD.,

NEW YORK BRANCH, as
a Lender

 	 
	 	By:  	/s/  Jim C.Y. Chen
 	 
	 	 	Name:  	Jim C.Y. Chen 	 
	 	 	Title:  	V.P. & General Manager 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	SOCIETE GENERALE, as
Documentation Agent and as a
Lender

 	 
	 	By:  	/s/  Ambrish Thanawala
 	 
	 	 	Name:  	Ambrish Thanawala 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ,
LTD., NEW YORK
BRANCH, as Documentation Agent and as a Lender

 	 
	 	By:  	/s/  Chimie T. Pemba
 	 
	 	 	Name:  	Chimie T. Pemba 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender

 	 
	 	By:  	/s/  Melissa Curry
 	 
	 	 	Name:  	Melissa Curry 	 
	 	 	Title:  	Director 	 
	 	 	 
	 	By:  	                       /s/  Michael Campites
 	 
	 	 	Name:  	Michael Campites 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON, as a Lender

 	 
	 	By:  	/s/  Robert J. Motzel Jr.
 	 
	 	 	Name:  	Robert J. Motzel Jr. 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF MONTREAL (Chicago Branch), as a Lender

 	 
	 	By:  	/s/  Linda C. Haven
 	 
	 	 	Name:  	Linda C. Haven 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	COMERICA BANK, as a Lender

 	 
	 	By:  	/s/  Scott M. Kowalski
 	 
	 	 	Name:  	Scott M. Kowalski 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	FIFTH THIRD BANCORP, as a Lender

 	 
	 	By:  	/s/  Kenneth W. Deere
 	 
	 	 	Name:  	Kenneth W. Deere 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	MORGAN STANLEY BANK, N.A., as a Lender

 	 
	 	By:  	/s/  Melissa James
 	 
	 	 	Name:  	Melissa James 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	REGIONS BANK, as a Lender

 	 
	 	By:  	/s/  Stephen Brothers
 	 
	 	 	Name:  	Stephen Brothers 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	MEGA INTERNATIONAL COMMERCIAL
BANK CO., NEW YORK BRANCH, as a Lender

 	 
	 	By:  	/s/  Tsang-Pei Hsu
 	 
	 	 	Name:  	Tsang-Pei Hsu 	 
	 	 	Title:  	VP & DGM 	 
	 

Signature Page to IntercontinentalExchange, Inc. Credit AgreementEX-10.3

Exhibit 10.3

CUSIP Number: Deal # 45865UAF9

Revolving Loans CUSIP # 45865UAG7

Term Loans CUSIP # 45865UAH5

 

 

CREDIT AGREEMENT

among

INTERCONTINENTALEXCHANGE, INC.,

as Borrower,

THE LENDERS NAMED HEREIN,

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent, Issuing Lender and Swingline Lender

BANK OF AMERICA, N.A.,

as Syndication Agent,

and

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH,

and

SOCIETE GENERALE,

as Documentation Agents

$300,000,000 Senior Credit Facilities

WACHOVIA CAPITAL MARKETS, LLC

and

BANC OF AMERICA SECURITIES LLC

Joint Lead Arrangers and Joint Book Runners

Dated as of April 9, 2009

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE I

DEFINITIONS
	 	1.1	 	 	Defined Terms
	 	 	1	 
	 	1.2	 	 	Accounting Terms
	 	 	23	 
	 	1.3	 	 	Other Terms; Construction
	 	 	23	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE II

AMOUNT AND TERMS OF THE LOANS
	 	2.1	 	 	Commitments
	 	 	25	 
	 	2.2	 	 	Borrowings
	 	 	26	 
	 	2.3	 	 	Disbursements; Funding Reliance; Domicile of Loans
	 	 	29	 
	 	2.4	 	 	Evidence of Debt; Notes
	 	 	30	 
	 	2.5	 	 	Termination and Reduction of Commitments and Swingline Commitment
	 	 	31	 
	 	2.6	 	 	Mandatory Payments and Prepayments
	 	 	31	 
	 	2.7	 	 	Voluntary Prepayments
	 	 	32	 
	 	2.8	 	 	Interest
	 	 	33	 
	 	2.9	 	 	Fees
	 	 	34	 
	 	2.10	 	 	Interest Periods
	 	 	35	 
	 	2.11	 	 	Conversions and Continuations
	 	 	36	 
	 	2.12	 	 	Method of Payments; Computations; Apportionment of Payments
	 	 	37	 
	 	2.13	 	 	Recovery of Payments
	 	 	39	 
	 	2.14	 	 	Pro Rata Treatment
	 	 	40	 
	 	2.15	 	 	Increased Costs; Change in Circumstances; Illegality
	 	 	40	 
	 	2.16	 	 	Taxes
	 	 	43	 
	 	2.17	 	 	Compensation
	 	 	45	 
	 	2.18	 	 	Replacement of Lenders; Mitigation of Costs
	 	 	45	 
	 	2.19	 	 	Letters of Credit
	 	 	46	 
	 	2.20	 	 	Defaulting Lenders
	 	 	53	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE III

CONDITIONS OF BORROWING
	 	3.1	 	 	Conditions of Initial Borrowing
	 	 	53	 
	 	3.2	 	 	Conditions of All Borrowings
	 	 	56	 

i

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE IV

REPRESENTATIONS AND WARRANTIES
	 	4.1	 	 	Corporate Organization and Power
	 	 	57	 
	 	4.2	 	 	Authorization; Enforceability
	 	 	57	 
	 	4.3	 	 	No Violation
	 	 	58	 
	 	4.4	 	 	Governmental and Third-Party Authorization; Permits
	 	 	58	 
	 	4.5	 	 	Litigation
	 	 	58	 
	 	4.6	 	 	Taxes
	 	 	58	 
	 	4.7	 	 	Subsidiaries
	 	 	59	 
	 	4.8	 	 	Full Disclosure
	 	 	59	 
	 	4.9	 	 	Margin Regulations
	 	 	59	 
	 	4.10	 	 	No Material Adverse Effect
	 	 	59	 
	 	4.11	 	 	Financial Matters
	 	 	59	 
	 	4.12	 	 	Ownership of Properties
	 	 	60	 
	 	4.13	 	 	ERISA
	 	 	61	 
	 	4.14	 	 	Environmental Matters
	 	 	61	 
	 	4.15	 	 	Compliance with Laws
	 	 	61	 
	 	4.16	 	 	Intellectual Property
	 	 	61	 
	 	4.17	 	 	Regulated Industries
	 	 	62	 
	 	4.18	 	 	Insurance
	 	 	62	 
	 	4.19	 	 	Material Contracts
	 	 	62	 
	 	4.20	 	 	No Burdensome Restrictions
	 	 	62	 
	 	4.21	 	 	OFAC; Anti-Terrorism Laws
	 	 	62	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE V

AFFIRMATIVE COVENANTS
	 	5.1	 	 	Financial Statements
	 	 	63	 
	 	5.2	 	 	Other Business and Financial Information
	 	 	64	 
	 	5.3	 	 	Compliance with All Material Contracts
	 	 	66	 
	 	5.4	 	 	Existence; Franchises; Maintenance of Properties
	 	 	67	 
	 	5.5	 	 	Use of Proceeds
	 	 	67	 
	 	5.6	 	 	Compliance with Laws
	 	 	67	 
	 	5.7	 	 	Payment of Obligations
	 	 	67	 
	 	5.8	 	 	Insurance
	 	 	67	 
	 	5.9	 	 	Maintenance of Books and Records; Inspection
	 	 	67	 
	 	5.10	 	 	Permitted Acquisitions
	 	 	68	 
	 	5.11	 	 	Creation or Acquisition of Subsidiaries
	 	 	69	 
	 	5.12	 	 	OFAC, PATRIOT Act Compliance
	 	 	69	 
	 	5.13	 	 	Further Assurances
	 	 	69	 

ii

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VI

FINANCIAL COVENANTS
	 	6.1	 	 	Maximum Total Leverage Ratio
	 	 	70	 
	 	6.2	 	 	Minimum Interest Coverage Ratio
	 	 	70	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VII

NEGATIVE COVENANTS
	 	7.1	 	 	Merger; Consolidation
	 	 	70	 
	 	7.2	 	 	Indebtedness
	 	 	71	 
	 	7.3	 	 	Liens
	 	 	72	 
	 	7.4	 	 	Asset Dispositions
	 	 	73	 
	 	7.5	 	 	Acquisitions
	 	 	74	 
	 	7.6	 	 	Restricted Payments
	 	 	75	 
	 	7.7	 	 	Transactions with Affiliates
	 	 	75	 
	 	7.8	 	 	Lines of Business
	 	 	76	 
	 	7.9	 	 	Limitation on Certain Restrictions
	 	 	76	 
	 	7.10	 	 	No Other Negative Pledges
	 	 	76	 
	 	7.11	 	 	Investments in Subsidiaries
	 	 	76	 
	 	7.12	 	 	Fiscal Year
	 	 	77	 
	 	7.13	 	 	Accounting Changes
	 	 	77	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE VIII

EVENTS OF DEFAULT
	 	8.1	 	 	Events of Default
	 	 	77	 
	 	8.2	 	 	Remedies:
Termination of Commitments, Acceleration, etc.
	 	 	79	 
	 	8.3	 	 	Remedies: Set-Off
	 	 	80	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE IX

THE ADMINISTRATIVE AGENT
	 	9.1	 	 	Appointment and Authority
	 	 	80	 
	 	9.2	 	 	Rights as a Lender
	 	 	81	 
	 	9.3	 	 	Exculpatory Provisions
	 	 	81	 
	 	9.4	 	 	Reliance by Administrative Agent
	 	 	82	 
	 	9.5	 	 	Delegation of Duties
	 	 	82	 
	 	9.6	 	 	Resignation of Administrative Agent
	 	 	82	 
	 	9.7	 	 	Non-Reliance on Administrative Agent and Other Lenders
	 	 	83	 
	 	9.8	 	 	No Other
Duties, Etc.
	 	 	83	 
	 	9.9	 	 	Guaranty Matters
	 	 	83	 
	 	9.10	 	 	Swingline Lender
	 	 	83	 

iii

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 	 	 	 	 
	 	 	 	 
	ARTICLE X

MISCELLANEOUS
	 	10.1	 	 	Expenses; Indemnity; Damage Waiver
	 	 	84	 
	 	10.2	 	 	Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process
	 	 	85	 
	 	10.3	 	 	Waiver of Jury Trial
	 	 	86	 
	 	10.4	 	 	Notices; Effectiveness; Electronic Communication
	 	 	86	 
	 	10.5	 	 	Amendments,
Waivers, etc.
	 	 	87	 
	 	10.6	 	 	Successors and Assigns
	 	 	89	 
	 	10.7	 	 	No Waiver
	 	 	93	 
	 	10.8	 	 	Survival
	 	 	93	 
	 	10.9	 	 	Severability
	 	 	93	 
	 	10.10	 	 	Construction
	 	 	94	 
	 	10.11	 	 	Confidentiality
	 	 	94	 
	 	10.12	 	 	Counterparts; Integration; Effectiveness
	 	 	94	 
	 	10.13	 	 	Disclosure of Information
	 	 	95	 
	 	10.14	 	 	USA Patriot Act Notice
	 	 	95	 

iv

 

	 	 	 	 	 	 	 	 	 
	EXHIBITS

	Exhibit A-1	 	Form of Term Note
	 	 	 	 
	Exhibit A-2	 	Form of Revolving Note
	 	 	 	 
	Exhibit A-3	 	Form of Swingline Note
	 	 	 	 
	Exhibit B-1	 	Form of Notice of Borrowing
	 	 	 	 
	Exhibit B-2	 	Form of Notice of Swingline Borrowing
	 	 	 	 
	Exhibit B-3	 	Form of Notice of Conversion/Continuation
	 	 	 	 
	Exhibit B-4	 	Form of Letter of Credit Notice
	 	 	 	 
	Exhibit C	 	Form of Compliance Certificate
	 	 	 	 
	Exhibit D	 	Form of Assignment and Assumption
	 	 	 	 
	Exhibit E	 	Form of Guaranty
	 	 	 	 
	Exhibit F	 	Form of Financial Condition Certificate
	 	 	 	 
	 	 	 	 	 
	 	 	 	 
	SCHEDULES

	Schedule 1.1(a)	 	Commitments and Notice Addresses
	 	 	 	 
	Schedule 4.1	 	Jurisdictions of Organization
	 	 	 	 
	Schedule 4.4	 	Consents and Approvals
	 	 	 	 
	Schedule 4.5	 	Litigation Matters
	 	 	 	 
	Schedule 4.7	 	Subsidiaries
	 	 	 	 
	Schedule 4.19	 	Material Contracts
	 	 	 	 
	Schedule 7.2	 	Indebtedness
	 	 	 	 
	Schedule 7.3	 	Liens
	 	 	 	 
	Schedule 7.8	 	Transactions with Affiliates
	 	 	 	 

v

 

CREDIT AGREEMENT

     THIS CREDIT AGREEMENT, dated as of the 9th day of April, 2009, is made among
INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Borrower”), the Lenders (as
hereinafter defined), WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent (as hereinafter
defined) for the Lenders (“Wachovia”), and BANK OF AMERICA, N.A., as Syndication Agent for
the Lenders (“BofA”).

BACKGROUND STATEMENT

     The Borrower has requested that the Lenders make available to the Borrower a term loan
facility in the aggregate principal amount of $200,000,000 and a revolving credit facility in the
aggregate principal amount of $100,000,000. The Borrower will use the proceeds of these facilities
as provided in Section 5.5. The Lenders are willing to make available to the Borrower the credit
facilities described herein subject to and on the terms and conditions set forth in this Agreement.

AGREEMENT

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

ARTICLE
I

DEFINITIONS

     1.1 Defined Terms. For purposes of this Agreement, in addition to the terms defined elsewhere herein, the
following terms have the meanings set forth below (such meanings to be equally applicable to the
singular and plural forms thereof):

     “Account Designation Letter” means a letter from the Borrower to the Administrative
Agent, duly completed and signed by an Authorized Officer of the Borrower and in form and substance
reasonably satisfactory to the Administrative Agent, listing any one or more accounts to which the
Borrower may from time to time request the Administrative Agent to forward the proceeds of any
Loans made hereunder.

     “Acquisition” means any transaction or series of related transactions, consummated on
or after the date hereof, by which the Borrower directly, or indirectly through one or more
Subsidiaries, (i) acquires any going business, division thereof or line of business, or all or
substantially all of the assets, of any Person, whether through purchase of assets, merger or
otherwise, or (ii) acquires Capital Stock of any Person having at least a majority of Total Voting
Power of the then outstanding Capital Stock of such Person.

 

 

     “Acquisition Amount” means, with respect to any Acquisition, the sum (without
duplication) of (i) the amount of cash paid as purchase price by the Borrower and its Subsidiaries
in connection with such Acquisition, (ii) the value of all Capital Stock issued or given as
purchase price by the Borrower and its Subsidiaries in connection with such Acquisition (as
determined by the parties thereto under the definitive acquisition agreement), (iii) the amount
(determined by using the face amount or the amount payable at maturity, whichever is greater) of
all Indebtedness incurred, assumed or acquired by the Borrower and its Subsidiaries in connection
with such Acquisition, (iv) all amounts paid in respect of noncompetition agreements, consulting
agreements and similar arrangements entered into in connection with such Acquisition, (v) all
amounts paid in respect of any earnout obligations or similar deferred or contingent purchase price
obligations of the Borrower or any of its Subsidiaries incurred or created in connection with such
Acquisition and (vi) the aggregate fair market value of all other real, mixed or personal property
paid as purchase price by the Borrower and its Subsidiaries in connection with such Acquisition.

     “Adjusted Base Rate” means, at any time with respect to any Base Rate Loan of any
Class, a rate per annum equal to the Base Rate as in effect at such time plus the Applicable
Percentage for Base Rate Loans of such Class as in effect at such time.

     “Adjusted LIBOR Market Index Rate” means, for any date, with respect to any LIBOR
Market Index Rate Loan, a rate per annum equal to the LIBOR Market Index Rate as in effect at such
time plus the Applicable Percentage for LIBOR Loans as in effect at such time.

     “Adjusted LIBOR Rate” means, at any time with respect to any LIBOR Loan of any Class,
a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Percentage
for LIBOR Loans as in effect at such time.

     “Administrative Agent” means Wachovia, in its capacity as Administrative Agent
appointed under Section 9.1, and its successors and permitted assigns in such capacity.

     “Administrative Questionnaire” means, with respect to each Lender, the administrative
questionnaire in the form submitted to such Lender by the Administrative Agent and returned to the
Administrative Agent duly completed by such Lender.

     “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified. Notwithstanding the foregoing, neither the Administrative Agent
nor any Lender shall be deemed an “Affiliate” of any Credit Party.

     “Aggregate Revolving Credit Exposure” means, at any time, the sum of (i) the aggregate
principal amount of Revolving Loans outstanding at such time, (ii) the aggregate principal amount
of Swingline Loans outstanding at such time and (iii) the aggregate Letter of Credit Exposure of
all Revolving Credit Lenders at such time.

     “Agreement” means this Credit Agreement, as amended, modified, restated or
supplemented from time to time in accordance with its terms.

2

 

     “Applicable Percentage” means, at any time from and after the Closing Date, the
applicable percentage (i) to be added to the Base Rate for purposes of determining the Adjusted
Base Rate, (ii) to be added to the LIBOR Rate and the LIBOR Market Index Rate for purposes of,
respectively, determining the Adjusted LIBOR Rate and Adjusted LIBOR Market Index Rate and (iii) to
be used in calculating the commitment fee payable pursuant to Section 2.9(b), in each case as
determined under the following matrix with reference to the Total Leverage Ratio, but subject to
Section 5.1(c):

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Applicable	 	Applicable	 	Applicable
	 	 	 	 	LIBOR	 	Base Rate	 	Commitment
	Tier	 	Total Leverage Ratio	 	Margin	 	Margin	 	Fee Rate
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	I

	 	Less than 1.0 to 1.0
	 	 	2.50	%	 	 	1.50	%	 	 	0.50	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	II

	 	Less than 1.50 to 1.0
but greater than or
equal to 1.0 to 1.0
	 	 	3.00	%	 	 	2.00	%	 	 	0.60	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	III

	 	Less than 2.0 to 1.0
but greater than or
equal to 1.50 to 1.0
	 	 	3.50	%	 	 	2.50	%	 	 	0.70	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	IV

	 	Greater than or equal
to 2.0 to 1.0
	 	 	4.50	%	 	 	3.50	%	 	 	0.90	%

     On each Adjustment Date (as hereinafter defined), the Applicable Percentage for all Loans and
the commitment fee payable pursuant to Section 2.9(b) shall be adjusted effective as of such
Adjustment Date (based upon the calculation of the Total Leverage Ratio as of the last day of the
Reference Period to which such Adjustment Date relates) in accordance with the above matrix;
provided, however, that, notwithstanding the foregoing or anything else herein to
the contrary, if at any time the Borrower shall have failed to deliver any of the financial
statements as required by Sections 5.1(a) or 5.1(b), as the case may be, or the Compliance
Certificate as required by Section 5.2(a), then at all times from and including the date on which
such statements and Compliance Certificate are required to have been delivered until the date on
which the same shall have been delivered, each Applicable Percentage shall be determined based on
Tier IV above (notwithstanding the actual Total Leverage Ratio). For purposes of this definition,
“Adjustment Date” means, with respect to any Reference Period of the Borrower beginning
with the Reference Period ending as of the last day of the first fiscal quarter of fiscal year
2009, the day (or, if such day is not a Business Day, the next succeeding Business Day) of delivery
by the Borrower in accordance with Section 5.1(a) or Section 5.1(b), as the case may be, of (i)
financial statements as of the end of and for such Reference Period and (ii) a duly completed
Compliance Certificate with respect to such Reference Period. From the Closing Date until the
first Adjustment Date requiring a change in any Applicable Percentage as provided herein, each
Applicable Percentage shall be based on Tier I above.

     “Applicable Period” has the meaning set forth in Section 5.1(c).

3

 

     “Approved Fund” means any Fund that is administered or managed by (i) a Lender, (ii)
an Affiliate of a Lender, or (iii) a Person (or an Affiliate of a Person) that administers or
manages a Lender.

     “Arrangers” mean Wachovia Capital Markets, LLC, Banc of America Securities LLC and
their respective successors.

     “Asset Disposition” means any sale, assignment, lease, conveyance, transfer or other
disposition by the Borrower or any of its Subsidiaries (whether in one or a series of transactions)
of all or any of its assets, business or other properties (including Capital Stock of
Subsidiaries).

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

     “Authorized Officer” means, with respect to any action specified herein to be taken by
or on behalf of a Credit Party, any officer of such Credit Party duly authorized by resolution of
its board of directors or other governing body to take such action on its behalf, and whose
signature and incumbency shall have been certified to the Administrative Agent by the secretary or
an assistant secretary of such Credit Party.

     “Bankruptcy Code” means 11 U.S.C. §§ 101 et seq., as amended from time
to time, and any successor statute.

     “Bankruptcy Event” means the occurrence of an event specified in Section 8.1(f) or
Section 8.1(g).

     “Base Rate” means the highest of (i) the per annum interest rate publicly announced
from time to time by Wachovia in Charlotte, North Carolina, to be its prime rate (which may not
necessarily be its lowest or best lending rate), as adjusted to conform to changes as of the
opening of business on the date of any such change in such prime rate, (ii) the Federal Funds Rate
plus 0.5% per annum, as adjusted to conform to changes as of the opening of business on the date of
any such change in the Federal Funds Rate, and (iii) the LIBOR Rate for an Interest Period of 1
month plus 1.50%, as adjusted to conform to changes as of the opening of business on the date of
any such change of such LIBOR Rate.

     “Base Rate Loan” means, at any time, any Loan that bears interest at such time at the
applicable Adjusted Base Rate.

     “BofA” means Bank of America, N.A.

     “Borrower” has the meaning given to such term in the introductory paragraph hereof.

     “Borrowing” means the incurrence by the Borrower (including as a result of conversions
and continuations of outstanding Loans pursuant to Section 2.11) on a single date of a group of
Loans of a single Class and Type (or a Swingline Loan made by the Swingline Lender) and, in the
case of LIBOR Loans, as to which a single Interest Period is in effect.

4

 

     “Borrowing Date” means, with respect to any Borrowing, the date upon which such
Borrowing is made.

     “Business Day” means (i) any day other than a Saturday or Sunday, a legal holiday or a
day on which commercial banks in Charlotte, North Carolina or New York, New York are authorized or
required by law to be closed and (ii) in respect of any determination relevant to a LIBOR Loan or a
LIBOR Market Index Rate Loan, any such day that is also a day on which trading in Dollar deposits
is conducted by banks in London, England in the London interbank Eurodollar market.

     “Capital Expenditures” means, for any period, the aggregate amount (whether paid in
cash or accrued as a liability) that would, in accordance with GAAP, be included on the
consolidated statement of cash flows of the Borrower and its Subsidiaries for such period as
additions to equipment, fixed assets, real property or improvements or other capital assets
(including, without limitation, Capital Lease Obligations); provided, however, that
Capital Expenditures shall not include any such expenditures (i) for replacements and substitutions
for capital assets, to the extent made with the proceeds of insurance, (ii) for replacements and
substitutions for capital assets, to the extent made with proceeds from the sale, exchange or other
disposition of assets as permitted under Sections 7.4(i) or 7.4(iii), or (iii) included within the
Acquisition Amount of any Permitted Acquisition.

     “Capital Lease” means, with respect to any Person, any lease of property (whether
real, personal or mixed) by such Person as lessee that is or is required to be, in accordance with
GAAP, recorded as a capital lease on such Person’s balance sheet.

     “Capital Lease Obligations” means, with respect to any Person, the obligations of such
Person to pay rent or other amounts under any Capital Lease of such Person, and the amount of such
obligations shall be the capitalized amount thereof determined in accordance with GAAP.

     “Capital Stock” means (i) with respect to any Person that is a corporation, any and
all shares, interests or equivalents in capital stock (whether voting or nonvoting, and whether
common or preferred) of such corporation, and (ii) with respect to any Person that is not a
corporation, any and all partnership, membership, limited liability company or other equity
interests of such Person; and in each case under clauses (i) and (ii), any and all warrants, rights
or options to purchase any of the foregoing or any securities convertible into or exchangeable for
any of the foregoing.

     “Capitalized Software Development Costs” means those capitalized costs both internal
and external, direct and incremental incurred related to software developed or obtained for
internal use in accordance with AICPA Statement of Position 98-1 “Accounting for Costs of Computer
Software Developed or Obtained for Internal Use.”

     “Cash Collateral Account” has the meaning given to such term in Section 2.19(h).

     “Cash Equivalents” means (i) securities issued or unconditionally guaranteed or
insured by the United States of America or any agency or instrumentality thereof, backed by the
full faith and credit of the United States of America and maturing within one year from the date of
acquisition, (ii) commercial paper issued by any Person organized under the laws of the United

5

 

States of America, maturing within 180 days from the date of acquisition and, at the time of
acquisition, having a rating of at least A-1 or the equivalent thereof by Standard & Poor’s Ratings
Services or at least P-1 or the equivalent thereof by Moody’s Investors Service, Inc., (iii) time
deposits and certificates of deposit maturing within 180 days from the date of issuance and issued
by a bank or trust company organized under the laws of the United States of America or any state
thereof (y) that has combined capital and surplus of at least $500,000,000 or (z) that has (or is a
subsidiary of a bank holding company that has) a long-term unsecured debt rating of at least A or
the equivalent thereof by Standard & Poor’s Ratings Services or at least A2 or the equivalent
thereof by Moody’s Investors Service, Inc., (iv) repurchase obligations with a term not exceeding
thirty (30) days with respect to underlying securities of the types described in clause (i) above
entered into with any bank or trust company meeting the qualifications specified in clause (iii)
above, and (v) money market funds at least ninety-five percent (95%) of the assets of which are
continuously invested in securities of the foregoing types.

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

     “Change of Control” means (i) any Person or group of Persons acting in concert as a
partnership or other group shall have become, as a result of a tender or exchange offer, open
market purchases, privately negotiated purchases or otherwise, the beneficial owner of outstanding
Capital Stock of the Borrower having 35% or more of the Total Voting Power of the Borrower, or (ii)
the occupation of a majority of the seats (other than vacant seats) on the board of directors of
the Borrower by Persons who were neither (a) nominated by the board of directors of the Borrower
nor (b) appointed by directors so nominated.

     “Class” has the meaning given to such term in Section 2.2(a).

     “Closing Date” means the date upon which the initial extensions of credit are made
pursuant to this Agreement, which shall be the date upon which each of the conditions set forth in
Sections 3.1 and 3.2 shall have been satisfied or waived in accordance with the terms of this
Agreement.

     “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any
successor statute, and all rules and regulations from time to time promulgated thereunder.

     “Commitment” means, with respect to any Lender, such Lender’s Term Loan Commitment
and/or Revolving Credit Commitment, as applicable.

     “Compliance Certificate” means a fully completed and duly executed certificate in the
form of Exhibit C, together with a Covenant Compliance Worksheet.

     “Consolidated EBITDA” means, for any Reference Period, the aggregate of (i)
Consolidated Net Income for such period, plus (ii) the sum of (A) interest expense, (B)
federal, state, local and other income taxes, (C) depreciation and amortization of intangible
assets, and (D) extraordinary losses or charges, all to the extent taken into account in the

6

 

calculation of Consolidated Net Income for such Reference Period and all calculated in accordance with GAAP,
minus (iii) the sum of (A) extraordinary gains or income and (B) noncash credits increasing
income for such period, all to the extent taken into account in the calculation of Consolidated Net
Income for such period.

     “Consolidated Interest Expense” means, for any Reference Period, the sum
(without duplication) of (i) total interest expense of the Borrower and its Subsidiaries for such
Reference Period in respect of Total Funded Debt (including, without limitation, all such interest
expense accrued or capitalized during such Reference Period, whether or not actually paid during
such Reference Period), determined on a consolidated basis in accordance with GAAP, and (ii) all
recurring unused commitment fees and other ongoing fees in respect of Total Funded Debt (including
the unused fees provided for under Section 2.9) paid, accrued or capitalized by the Borrower and
its Subsidiaries during such Reference Period.

     “Consolidated Net Income” means, for any Reference Period, net income (or loss) for
the Borrower and its Subsidiaries for such Reference Period, determined on a consolidated basis in
accordance with GAAP (after deduction for minority interests); provided that, in making
such determination, there shall be excluded (i) the net income of any other Person that is not a
Subsidiary of the Borrower (or is accounted for by the Borrower by the equity method of accounting)
except to the extent of actual payment of cash dividends or distributions by such Person to the
Borrower or any Subsidiary of the Borrower during such period, (ii) the net income (or loss) of any
other Person acquired by, or merged with, the Borrower or any of its Subsidiaries for any period
prior to the date of such acquisition, and (iii) the net income of any Subsidiary of the Borrower
to the extent that the declaration or payment of dividends or similar distributions by such
Subsidiary of such net income is not at the time permitted by operation of the terms of its
charter, certificate of incorporation or formation or other constituent document or any agreement
or instrument (other than a Credit Document) or Requirement of Law applicable to such Subsidiary.

     “Control” means, with respect to any Person, (i) the possession, direct or indirect,
of the power to direct or cause the direction of the management and policies of such Person,
whether through the ownership of voting securities, by contract or otherwise, or (ii) the
beneficial ownership of securities or other ownership interests of such Person having 10% or more
of the combined voting power of the then outstanding securities or other ownership interests of
such Person ordinarily (and apart from rights accruing under special circumstances) having the
right to vote in the election of directors or other governing body of such Person; and the terms
“Controlled” and “Controlling” have correlative meanings.

     “Covenant Compliance Worksheet” means a fully completed worksheet in the form of
Attachment A to Exhibit C.

     “Credit Documents” means this Agreement, the Notes, the Letters of Credit, the Fee
Letters, the Guaranty, and all other agreements, instruments, documents and certificates now or
hereafter executed and delivered to the Administrative Agent or any Lender by or on behalf of the
Borrower or any other Credit Party with respect to this Agreement, in each case as amended,
modified, supplemented or restated from time to time.

7

 

     “Credit Parties” means the Borrower, each of the Subsidiary Guarantors and their
respective successors.

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

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

     “Defaulting Lender” means any Lender, as determined in good faith by the
Administrative Agent, that (i) has failed (which failure has not been cured) to fund any Loan, or
any participation interest in Letters of Credit or Swingline Loans requested and permitted to be
made hereunder in accordance with the terms hereof, (ii) has notified the Borrower, the
Administrative Agent, Swingline Lender or the Issuing Lender in writing that it does not intend to
comply with any of its funding obligations under this Agreement or has made a public statement to
the effect that it does not intend to comply with its funding obligations under this Agreement or
generally under other agreements in which it commits to extend credit, (iii) has failed, within
three Business Days after request by the Administrative Agent, to confirm that it will comply with
the terms of this Agreement relating to its obligations to fund prospective Loans or participations
in Letters of Credit or Swingline Loans, (iv) has failed to pay to the Administrative Agent, the
Swingline Lender, the Issuing Lender or any Lender when due an amount owed by such Lender pursuant
to the terms of this Agreement, unless such amount is subject to a good faith dispute or such
failure has been cured, or (v) (a) has become or is insolvent or has a parent company that has
become or is insolvent or (b) has become the subject of a proceeding under any Debtor Relief Law,
or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action
in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding
or appointment or has a parent company that has become the subject of a proceeding under any Debtor
Relief Law, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken
any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such
proceeding or appointment.

     “Disqualified Capital Stock” means, with respect to any Person, any Capital Stock of
such Person that, by its terms (or by the terms of any security into which it is convertible or for
which it is exchangeable), or upon the happening of any event or otherwise, (i) matures or is
mandatorily redeemable or subject to any mandatory repurchase requirement, pursuant to a sinking
fund obligation or otherwise, (ii) is redeemable or subject to any mandatory repurchase requirement
at the sole option of the holder thereof, or (iii) is convertible into or exchangeable for (whether
at the option of the issuer or the holder thereof) (y) debt securities or (z) any Capital Stock
referred to in (i) or (ii) above, in each case under (i), (ii) or (iii) above at any time on or
prior to the first anniversary of the Maturity Date; provided, however, that only
the portion of Capital Stock that so matures or is mandatorily redeemable, is so redeemable at the
option of the holder thereof, or is so convertible or exchangeable on or prior to such date shall
be deemed to be Disqualified Capital Stock.

8

 

     “Dollars” or “$” means dollars of the United States of America.

     “Domestic Subsidiary” means any Subsidiary of the Borrower organized under the laws of
any jurisdiction within the United States.

     “Environmental Claims” means any and all administrative, regulatory or judicial
actions, suits, demands, demand letters, claims, liens, allegations, notices of noncompliance or
violation, investigations by a Governmental Authority, or proceedings (including, without
limitation, administrative, regulatory and judicial proceedings) relating in any way to any
Hazardous Substance, any actual or alleged violation of or liability under any Environmental Law or
any permit issued, or any approval given, under any Environmental Law (collectively,
“Claims”), including, without limitation, (i) any and all Claims by Governmental
Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages
pursuant to any applicable Environmental Law and (ii) any and all Claims by any third party seeking
damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting
from any Hazardous Substance or arising from alleged injury or threat of injury to human health or
the environment.

     “Environmental Laws” means any and all federal, state and local laws, statutes,
ordinances, rules, regulations, permits, licenses, approvals, rules of common law and orders of
courts or Governmental Authorities, relating to the protection of human health, occupational safety
with respect to exposure to Hazardous Substances, or the environment, now or hereafter in effect,
and in each case as amended from time to time, including, without limitation, requirements
pertaining to the manufacture, processing, distribution, use, treatment, storage, disposal,
transportation, handling, reporting, licensing, permitting, investigation or remediation of
Hazardous Substances.

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

     “ERISA Affiliate” means any Person (including any trade or business, whether or not
incorporated) deemed to be under “common control” with, or a member of the same “controlled group”
as, the Borrower or any of its Subsidiaries, within the meaning of Sections 414(b), (c), (m) or (o)
of the Code or Section 4001 of ERISA.

     “ERISA Event” means any of the following with respect to a Plan or Multiemployer Plan,
as applicable: (i) a Reportable Event, (ii) a complete or partial withdrawal by the Borrower or
any ERISA Affiliate from a Multiemployer Plan that results in liability under Section 4201 or 4204
of ERISA, or the receipt by the Borrower or any ERISA Affiliate of notice from a Multiemployer Plan
that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or that it
intends to terminate or has terminated under Section 4041A of ERISA, (iii) the distribution by the
Borrower or any ERISA Affiliate under Section 4041 or 4041A of ERISA of a notice of intent to
terminate any Plan or the taking of any action to terminate any Plan, (iv) the commencement of
proceedings by the PBGC under Section 4042 of ERISA for the termination of, or the appointment of a
trustee to administer, any Plan, or the receipt by the Borrower or any ERISA Affiliate of a notice
from any Multiemployer Plan that such action has been taken by the

9

 

PBGC with respect to such Multiemployer Plan, (v) the institution of a proceeding by any
fiduciary of any Multiemployer Plan against the Borrower or any ERISA Affiliate to enforce Section
515 of ERISA, which is not dismissed within thirty (30) days, (vi) the imposition upon the Borrower
or any ERISA Affiliate of any liability under Title IV of ERISA, other than for PBGC premiums due
but not delinquent under Section 4007 of ERISA, or the imposition or threatened imposition of any
Lien upon any assets of the Borrower or any ERISA Affiliate as a result of any alleged failure to
comply with the Code or ERISA in respect of any Plan, (vii) the engaging in or otherwise becoming
liable for a nonexempt Prohibited Transaction by the Borrower or any ERISA Affiliate, or a
violation of the applicable requirements of Section 404 or 405 of ERISA or the exclusive benefit
rule under Section 401(a) of the Code by any fiduciary of any Plan for which the Borrower or any of
its ERISA Affiliates may be directly or indirectly liable, (viii) the occurrence with respect to
any Plan of any “accumulated funding deficiency” (within the meaning of Section 302 of ERISA and
Section 412 of the Code), whether or not waived, (ix) with respect to plan years beginning prior to
January 1, 2008, the adoption of an amendment to any Plan that, pursuant to Section 307 of ERISA,
would require the provision of security to such Plan by the Borrower or an ERISA Affiliate, or (x)
with respect to plan years beginning on or after the PPA 2006 Effective Date, the incurrence of an
obligation to provide a notice under Section 101(j) of ERISA, the adoption of an amendment which
may not take effect due to the application of Section 436(c)(1) of the Code or Section 206(g)(2)(A)
of ERISA, or the payment of a contribution in order to satisfy the requirements of Section
436(c)(2) of the Code or Section 206(g)(2)(B) of ERISA..

     “Event of Default” has the meaning given to such term in Section 8.1.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to
time, and any successor statute, and all rules and regulations from time to time promulgated
thereunder.

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any
other recipient of any payment to be made by or on account of any obligation of the Borrower
hereunder, (i) taxes imposed on or measured by its overall net income (however denominated), and
franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political
subdivision thereof) under the laws of which such recipient is organized or in which its principal
office is located or, in the case of any Lender, in which its applicable Lending Office is located,
(ii) any branch profits taxes imposed by the United States or any similar tax imposed by any other
jurisdiction in which the Borrower is located and (iii) in the case of a Foreign Lender (other than
an assignee pursuant to a request by the Borrower under Section 2.18(a)), any withholding tax that
is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a
party hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s
failure or inability (other than as a result of a Change in Law) to comply with Section 2.16(e),
except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time
of designation of a new Lending Office (or assignment), to receive additional amounts from the
Borrower with respect to such withholding tax pursuant to Section 2.16(a).

     “Existing Credit Facility” has the meaning set forth in Section 3.1(c).

10

 

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

     “Federal Reserve Board” means the Board of Governors of the Federal Reserve System or
any successor thereto.

     “Fee Letters” means the Joint Fee Letter and the Wachovia Fee Letter.

     “Financial Condition Certificate” means a fully completed and duly executed
certificate, in substantially the form of Exhibit F, together with the attachments thereto.

     “Financial Officer” means, with respect to the Borrower, the chief financial officer,
vice president — finance, principal accounting officer or treasurer of the Borrower.

     “fiscal quarter” or “FQ” means a fiscal quarter of the Borrower and its
Subsidiaries.

     “fiscal year” or “FY” means a fiscal year of the Borrower and its
Subsidiaries.

     “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
outside of the United States.

     “Foreign Subsidiary” means any Subsidiary of the Borrower that is not a Domestic
Subsidiary.

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

     “GAAP” means generally accepted accounting principles in the United States of America,
as set forth in the statements, opinions and pronouncements of the Accounting Principles Board, the
American Institute of Certified Public Accountants and the Financial Accounting Standards Board,
consistently applied and maintained, as in effect from time to time (subject to the provisions of
Section 1.2).

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

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     “Guarantor” means any Wholly-Owned Subsidiary of the Borrower that is a guarantor of
the Obligations under the Guaranty (or under another guaranty agreement in form and substance
satisfactory to the Administrative Agent).

     “Guaranty” means a guaranty agreement made by the Guarantors in favor of the
Administrative Agent and the Lenders, in substantially the form of Exhibit E, as amended, modified,
restated or supplemented from time to time.

     “Guaranty Fund” means any fund set up by (i) ICE Clear US pursuant to Section 5.4 of
its by-laws, (ii) ICE Clear Europe, (iii) The Clearing Corporation, (iv) ICE US Trust, (v) ICE
Clear Canada, and (vi) such other clearing houses owned and operated by the Borrower in the future,
in each case in which its clearing members make deposits to secure the obligations of its clearing
members and which is used to cover the losses sustained by such Person as a result of the default
of any such clearing member.

     “Guaranty Obligation” means, with respect to any Person, any direct or indirect
liability of such Person with respect to any Indebtedness, liability or other obligation (the
“primary obligation”) of another Person (the “primary obligor”), whether or not
contingent, (i) to purchase, repurchase or otherwise acquire such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or provide funds (x)
for the payment or discharge of any such primary obligation or (y) to maintain working capital or
equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any
balance sheet item, level of income or financial condition of the primary obligor (including,
without limitation, keep well agreements, maintenance agreements, comfort letters or similar
agreements or arrangements), (iii) to lease or purchase property, securities or services primarily
for the purpose of assuring the owner of any such primary obligation of the ability of the primary
obligor in respect thereof to make payment of such primary obligation or (iv) otherwise to assure
or hold harmless the owner of any such primary obligation against loss or failure or inability to
perform in respect thereof; provided, however, that, with respect to the Borrower
and its Subsidiaries, the term Guaranty Obligation shall not include endorsements for collection or
deposit in the ordinary course of business. The amount of any Guaranty Obligation of any
guaranteeing Person hereunder shall be deemed to be the lower of (a) an amount equal to the stated
or determinable amount of the primary obligation in respect of which such Guaranty Obligation is
made and (b) the maximum amount for which such guaranteeing Person may be liable pursuant to the
terms of the instrument embodying such Guaranty Obligation, unless such primary obligation and the
maximum amount for which such guaranteeing Person may be liable are not stated or determinable, in
which case the amount of such Guaranty Obligation shall be such guaranteeing Person’s maximum
reasonably anticipated liability in respect thereof as determined by such guaranteeing Person in
good faith.

     “Hazardous Substance” means any substance or material meeting any one or more of the
following criteria: (i) it is or contains a substance designated as a hazardous waste, hazardous
substance, hazardous material, pollutant, contaminant or toxic substance under any Environmental
Law, (ii) it is toxic, explosive, corrosive, ignitable, infectious, radioactive, mutagenic or
otherwise hazardous to human health or the environment and is or becomes regulated by any
Governmental Authority, (iii) its presence may require investigation or response under any
Environmental Law, (iv) it constitutes a nuisance, trespass or health or safety

12

 

hazard to Persons or neighboring properties, or (v) it is or contains, without limiting the
foregoing, asbestos, polychlorinated biphenyls, urea formaldehyde foam insulation, petroleum
hydrocarbons, petroleum derived substances or wastes, crude oil, nuclear fuel, natural gas or
synthetic gas.

     “Hedge Agreement” means any interest or foreign currency rate swap, cap, collar,
option, hedge, forward rate or other similar agreement or arrangement designed to protect against
fluctuations in interest rates or currency exchange rates.

     “Hedge Party” means any Lender or any Affiliate of any Lender in its capacity as a
counterparty to any Hedge Agreement with the Borrower or any Subsidiary, which Hedge Agreement is
required or permitted under this Agreement to be entered into by the Borrower, or any former Lender
or any Affiliate of any former Lender in its capacity as a counterparty to any such Hedge Agreement
entered into prior to the date such Person or its Affiliate ceased to be a Lender.

     “ICE Clear Canada” means ICE Clear Canada, Inc., a Manitoba corporation and an
indirect Wholly-Owned Subsidiary of the Borrower.

     “ICE Clear Europe” means ICE Clear Europe Limited, a private limited company
incorporated in England and Wales and an indirect Wholly-Owned Subsidiary of the Borrower.

     “ICE Clear Europe Payment Services Agreement” shall mean the Payment Services
Agreement between ICE Clear Europe and Citibank, N.A., London Branch, in a form reasonably
acceptable to the Administrative Agent, for the purpose of providing an intraday liquidity line of
credit to handle timing differences between receipts from and payments to clearing house members,
and any renewal, replacement, refinancing or extension of such Indebtedness that does not increase
the outstanding principal amount thereof.

     “ICE Clear US” means ICE Clear U.S., Inc., a New York corporation and an indirect
Wholly-Owned Subsidiary of the Borrower (formerly known as New York Clearing Corporation).

     “ICE Futures Europe” means ICE Futures Europe, a United Kingdom corporation and an
indirect Wholly-Owned Subsidiary of the Borrower.

     “ICE US Trust” means ICE US Trust LLC, a New York limited liability trust company and
a Subsidiary of the Borrower.

     “Indebtedness” means, with respect to any Person (without duplication), (i) all
obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by
notes, bonds, debentures or similar instruments, or upon which interest payments are customarily
made, (iii) the maximum stated or face amount of all surety bonds, letters of credit and bankers’
acceptances issued or created for the account of such Person and, without duplication, all drafts
drawn thereunder (to the extent unreimbursed), (iv) all obligations of such Person to pay the
deferred purchase price of property or services (excluding trade payables incurred in the ordinary
course of business and not more than 90 days past due), (v) all indebtedness created or arising
under any conditional sale or other title retention agreement with respect to property acquired by

13

 

such Person, (vi) all Capital Lease Obligations of such Person, (vii) all Disqualified Capital
Stock issued by such Person, with the amount of Indebtedness represented by such Disqualified
Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and
its maximum fixed repurchase price, (viii) the principal balance outstanding and owing by such
Person under any synthetic lease, tax retention operating lease or similar off-balance sheet
financing product, (ix) all Guaranty Obligations of such Person with respect to Indebtedness of
another Person, (x) the net termination obligations of such Person under any Hedge Agreements,
calculated as of any date as if such agreement or arrangement were terminated as of such date, and
(xi) all indebtedness of the types referred to in clauses (i) through (x) above (A) of any
partnership or unincorporated joint venture in which such Person is a general partner or joint
venturer to the extent such Person is liable therefor or (B) secured by any Lien on any property or
asset owned or held by such Person regardless of whether or not the indebtedness secured thereby
shall have been incurred or assumed by such Person or is nonrecourse to the credit of such Person,
the amount thereof being equal to the value of the property or assets subject to such Lien.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Intellectual Property” means (i) all inventions (whether or not patentable and
whether or not reduced to practice), all improvements thereto, and all patents, patent
applications, and patent disclosures, together with all reissues, continuations,
continuations-in-part, divisions, revisions, extensions, and reexaminations thereof, (ii) all
trademarks, service marks, trade dress, logos, trade names, and corporate names, together with all
goodwill associated therewith, and all applications, registrations, and renewals in connection
therewith, (iii) all copyrightable works and all copyrights (registered and unregistered), (iv) all
trade secrets and confidential information (including, without limitation, financial, business and
marketing plans and customer and supplier lists and related information), (v) all computer software
and software systems (including, without limitation, data, databases and related documentation),
(vi) all Internet web sites and domain names, (vii) all technology, know-how, processes and other
proprietary rights, and (viii) all licenses or other agreements to or from third parties regarding
any of the foregoing.

     “Interest Coverage Ratio” means, as of the last day of any Reference Period ending on
the last day of a fiscal quarter, the ratio of (i) Consolidated EBITDA for such Reference Period
less Capital Expenditures and Capitalized Software Development Costs to (ii) Consolidated Interest
Expense for such Reference Period.

     “Interest Period” has the meaning given to such term in Section 2.10.

     “Investments” has the meaning given to such term in Section 7.11.

     “Issuing Lender” means Wachovia in its capacity as issuer of the Letters of Credit,
and its successors in such capacity.

     “Joint Fee Letter” means the letter from Wachovia, Wachovia Capital Markets, LLC, BofA
and Banc of America Securities LLC, to the Borrower, dated February 18, 2009, relating to certain
fees payable by the Borrower in respect of the transactions contemplated by this Agreement, as
amended, modified, restated or supplemented from time to time.

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     “Lender” means each Person signatory hereto as a “Lender” and each other Person that
becomes a “Lender” hereunder pursuant to Section 2.18(a) or Section 10.6, and their respective
successors and assigns.

     “Lending Office” means, with respect to any Lender, the office of such Lender
designated as such in such Lender’s Administrative Questionnaire or in connection with an
Assignment and Assumption, or such other office as may be otherwise designated in writing from time
to time by such Lender to the Borrower and the Administrative Agent. A Lender may designate
separate Lending Offices as provided in the foregoing sentence for the purposes of making or
maintaining different Types of Loans, and, with respect to LIBOR Loans, such office may be a
domestic or foreign branch or Affiliate of such Lender.

     “Letter of Credit Exposure” means, with respect to any Revolving Credit Lender at any
time, such Lender’s ratable share (based on the proportion that its Revolving Credit Commitment
bears to the aggregate Revolving Credit Commitments at such time, or if the Revolving Credit
Commitments have been terminated, based upon the proportion that its Revolving Credit Exposure
bears to the Aggregate Revolving Credit Exposure) of the sum of (i) the aggregate Stated Amount of
all Letters of Credit outstanding at such time and (ii) the aggregate amount of all Reimbursement
Obligations outstanding at such time.

     “Letter of Credit Maturity Date” means the fifth Business Day prior to the Maturity
Date.

     “Letter of Credit Notice” has the meaning given to such term in Section 2.19(b).

     “Letters of Credit” has the meaning given to such term in Section 2.19(a).

     “LIBOR Loan” means, at any time, any Loan that bears interest at such time at the
applicable Adjusted LIBOR Rate.

     “LIBOR Market Index Rate” means, for any date, the rate for one month Dollar deposits
as reported on Reuters Screen LIBOR01 Page as of 11:00 a.m. London time, on such day, or if such
day is not a London Banking Day, then the immediately preceding London Banking Day (or if not so
reported, then as reasonably determined by the Administrative Agent from another recognized source
or interbank quotation).

     “LIBOR Market Index Rate Loan” means any Swingline Loan bearing interest at a rate
determined by reference to the LIBOR Market Index Rate.

     “LIBOR Rate” means, with respect to each LIBOR Loan comprising part of the same
Borrowing for any Interest Period, an interest rate per annum obtained by dividing (i) (y) the rate
of interest appearing on Reuters Screen LIBOR01 Page (or any successor page) that represents an
average British Bankers Association Interest Settlement Rate for Dollar deposits or (z) if no such
rate is available, the rate of interest determined by the Administrative Agent to be the rate or
the arithmetic mean of rates at which Dollar deposits in immediately available funds are offered to
first-tier banks in the London interbank Eurodollar market, in each case under (y) and (z) above at
approximately 11:00 a.m., London time, two (2) Business Days prior to the first day of such
Interest Period for a period substantially equal to such Interest Period and in an amount
substantially equal to the amount of Wachovia’s LIBOR Loan comprising part of such

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Borrowing, by (ii) the amount equal to 1.00 minus the Reserve Requirement (expressed as a
decimal) for such Interest Period.

     “Lien” means any mortgage, pledge, hypothecation, assignment, security interest, lien
(statutory or otherwise), charge or other encumbrance of any nature, whether voluntary or
involuntary, including, without limitation, the interest of any vendor or lessor under any
conditional sale agreement, title retention agreement, Capital Lease or any other lease or
arrangement having substantially the same effect as any of the foregoing.

     “Loans” means any or all of the Term Loans, the Revolving Loans and the Swingline
Loans.

     “Margin Stock” has the meaning given to such term in Regulation U.

     “Material Adverse Effect” means a material adverse effect upon (i) the business,
assets, properties, liabilities (actual or contingent), operations, condition (financial or
otherwise) or prospects of the Borrower and its Subsidiaries, taken as a whole, (ii) the ability of
the Credit Parties, taken as a whole, to perform their respective obligations under this Agreement
or any of the other Credit Documents or (iii) the legality, validity or enforceability of this
Agreement or any of the other Credit Documents or the rights and remedies of the Administrative
Agent and the Lenders hereunder and thereunder.

     “Material Contract” has the meaning given to such term in Section 4.19.

     “Maturity Date” means the third anniversary of the Closing Date.

     “Multiemployer Plan” means any “multiemployer plan” within the meaning of Section
4001(a)(3) of ERISA to which the Borrower or any ERISA Affiliate makes, is making or is obligated
to make contributions or, during the immediately preceding five plan years, has made or been
obligated to make contributions.

     “Net Cash Proceeds” means, in the case of any Asset Disposition, the aggregate cash
proceeds received by any Credit Party in respect thereof, less (i) reasonable fees and
out-of-pocket expenses payable by the Borrower or any of its Subsidiaries in connection therewith,
(ii) taxes paid or payable as a result thereof, and (iii) the amount required to retire
Indebtedness to the extent such Indebtedness is secured by Liens on the subject property; it being
understood that the term “Net Cash Proceeds” shall include, as and when received, any cash
received upon the sale or other disposition of any non-cash consideration received by any Credit
Party in respect of any of the foregoing events.

     “New Liquidity Facility” has the meaning set forth in Section 3.1(e).

     “Nonconsenting Lender” means any Lender that does not approve a consent, waiver or
amendment to any Credit Document requested by the Borrower or the Administrative Agent and that
requires the approval of all Lenders (or all Lenders directly affected thereby) under Section 10.5
when the Required Lenders have agreed to such consent, waiver or amendment.

     “Non-Wholly-Owned Subsidiary” has the meaning given to such term in Section 7.11.

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     “Notes” means any or all of the Term Notes, the Revolving Notes and the Swingline
Note.

     “Notice of Borrowing” has the meaning given to such term in Section 2.2(b).

     “Notice of Conversion/Continuation” has the meaning given to such term in Section
2.11(b).

     “Notice of Swingline Borrowing” has the meaning given to such term in Section 2.2(d).

     “Obligations” means all principal of and interest (including interest accruing after
the filing of a petition or commencement of a case by or with respect to the Borrower seeking
relief under any applicable federal and state laws pertaining to bankruptcy, reorganization,
arrangement, moratorium, readjustment of debts, dissolution, liquidation or other debtor relief,
specifically including, without limitation, the Bankruptcy Code and any fraudulent transfer and
fraudulent conveyance laws, whether or not the claim for such interest is allowed in such
proceeding) on the Loans and Reimbursement Obligations, and all fees, expenses, indemnities and
other obligations owing, due or payable at any time by the Borrower or any Subsidiary Guarantor to
the Administrative Agent, any Lender, the Swingline Lender, the Issuing Lender or any other Person
entitled thereto, under this Agreement or any of the other Credit Documents, and all payment and
other obligations owing or payable at any time by the Borrower to any Hedge Party under or in
connection with any Hedge Agreement to fix or limit interest rates payable by the Borrower in
respect of any Loans, in each case whether direct or indirect, joint or several, absolute or
contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, and whether
existing by contract, operation of law or otherwise.

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

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

     “Participant” has the meaning given to such term in Section 10.6(d).

     “PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT Act of 2001), as amended from time
to time, and any successor statute, and all rules and regulations from time to time promulgated
thereunder.

     “Payment Office” means the office of the Administrative Agent designated on Schedule
1.1(a) under the heading “Instructions for wire transfers to the Administrative Agent,” or such
other office as the Administrative Agent may designate to the Lenders and the Borrower for such
purpose from time to time.

     “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Subtitle
A of Title IV of ERISA, and any successor thereto.

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     “Permitted Acquisition” means any Acquisition permitted to be consummated pursuant to
the terms in Section 7.5.

     “Permitted Asset Disposition” means any Asset Disposition permitted under Section
7.4(iv).

     “Permitted Liens” has the meaning given to such term in Section 7.3.

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

     “Plan” means any “employee pension benefit plan” within the meaning of Section 3(2) of
ERISA that is subject to the provisions of Title IV of ERISA (other than a Multiemployer Plan) and
to which the Borrower or any ERISA Affiliate may have any liability.

     “PPA 2006 Effective Date” means, with respect to any Plan, except as hereinafter
provided, the first day of the first plan year beginning on or after January 1, 2008. However,
solely with respect to a Plan maintained pursuant to one or more collective bargaining agreements
between employee representatives and one or more employers ratified before January 1, 2008, such
term means the first day of the first plan year beginning on or after the earlier of (A) and (B),
where: (A) is the later of (x) the date on which the last collective bargaining agreement relating
to the Plan terminates (determined without regard to any extension thereof agreed to after August
17, 2006), or (y) the first day of the first plan year beginning on or after January 1, 2008; and
(B) is January 1, 2010.

     “Pro Forma Basis” has the meaning given to such term in Section 1.3(c).

     “Prohibited Transaction” means any transaction described in (i) Section 406 of ERISA
that is not exempt by reason of Section 408 of ERISA or by reason of a Department of Labor
prohibited transaction individual or class exemption or (ii) Section 4975(c) of the Code that is
not exempt by reason of Section 4975(c)(2) or 4975(d) of the Code.

     “Projections” has the meaning given to such term in Section 4.11(b).

     “Realty” means all real property and interests in real property now or hereafter
acquired or leased by any Credit Party.

     “Reference Period” with respect to any date of determination, means (except as may be
otherwise expressly provided herein) the period of twelve consecutive fiscal months of the Borrower
immediately preceding such date or, if such date is the last day of a fiscal quarter, the period of
four consecutive fiscal quarters ending on such date.

     “Refunded Swingline Loans” has the meaning given to such term in Section 2.2(e).

     “Register” has the meaning given to such term in Section 10.6(c).

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     “Regulations T, U and X” means Regulations T, U and X, respectively, of the Federal
Reserve Board, and any successor regulations.

     “Reimbursement Obligation” has the meaning given to such term in Section 2.19(d).

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

     “Reportable Event” means, with respect to any Plan, (i) any “reportable event” within
the meaning of Section 4043(c) of ERISA for which the 30-day notice under Section 4043(a) of ERISA
has not been waived by the PBGC (including, without limitation, any failure to meet the minimum
funding standard of, or timely make any required installment under, Section 412 of the Code or
Section 302 of ERISA, regardless of the issuance of any waivers in accordance with Section 412(d)
of the Code), (ii) any such “reportable event” subject to advance notice to the PBGC under Section
4043(b)(3) of ERISA, (iii) any application for a funding waiver or an extension of any amortization
period pursuant to Section 412 of the Code, and (iv) a cessation of operations described in Section
4062(e) of ERISA.

     “Required Lenders” means, at any time, the Lenders holding outstanding Loans
(excluding Swingline Loans) and unutilized Commitments (or, after the termination of the Revolving
Credit Commitments, outstanding Loans, Letter of Credit Exposure and Swingline Exposure)
representing at least a majority of the aggregate, at such time, of all outstanding Loans
(excluding Swingline Loans) and unutilized Commitments (or, after the termination of the Revolving
Credit Commitments, the aggregate at such time of all outstanding Loans, Letter of Credit Exposure
and Swingline Exposure), provided that the Commitment of, and the portion of the
outstanding Loans and other Revolving Credit Exposure held or deemed held by, any Defaulting Lender
shall be excluded for purposes of making a determination of Required Lenders.

     “Required Revolving Credit Lenders” means, at any time, the Revolving Credit Lenders
holding outstanding Revolving Loans and Unutilized Revolving Credit Commitments (or, after the
termination of the Revolving Credit Commitments, outstanding Revolving Loans, Letter of Credit
Exposure and Swingline Exposure) representing at least a majority of the aggregate, at such time,
of all outstanding Revolving Loans and Unutilized Revolving Credit Commitments (or, after the
termination of the Revolving Credit Commitments, the aggregate at such time of all outstanding
Revolving Loans, Letter of Credit Exposure and Swingline Exposure) ), provided that the
Commitment of, and the portion of the outstanding Revolving Loans and other Revolving Credit
Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a
determination of Required Revolving Credit Lenders.

     “Requirement of Law” means, with respect to any Person, the charter, articles or
certificate of organization or incorporation and bylaws or other organizational or governing
documents of such Person, and any statute, law, treaty, rule, regulation, order, decree, writ,
injunction or determination of any arbitrator or court or other Governmental Authority or any
Self-Regulatory Organization, in each case applicable to or binding upon such Person or any of

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its property or to which such Person or any of its property is subject or otherwise pertaining
to any or all of the transactions contemplated by this Agreement and the other Credit Documents.

     “Reserve Requirement” means, with respect to any Interest Period, the reserve
percentage (expressed as a decimal and rounded upwards, if necessary, to the next higher
1/100th of 1%) in effect from time to time during such Interest Period, as provided by
the Federal Reserve Board, applied for determining the maximum reserve requirements (including,
without limitation, basic, supplemental, marginal and emergency reserves) applicable to Wachovia
under Regulation D with respect to “Eurocurrency liabilities” within the meaning of Regulation D,
or under any similar or successor regulation with respect to Eurocurrency liabilities or
Eurocurrency funding.

     “Responsible Officer” means, with respect to any Credit Party, the president, the
chief executive officer, the chief financial officer, any executive officer, or any other Financial
Officer of such Credit Party, and any other officer or similar official thereof responsible for the
administration of the obligations of such Credit Party in respect of this Agreement or any other
Credit Document.

     “Revolving Credit Commitment” means, with respect to any Lender at any time, the
commitment of such Lender to make Revolving Loans and participate in Letters of Credit and
Swingline Loans in an aggregate principal amount at any time outstanding up to the amount set forth
opposite such Lender’s name on Schedule 1.1(a) under the caption “Revolving Credit Commitment” or,
if such Lender has entered into one or more Assignment and Assumptions, the amount set forth for
such Lender at such time in the Register maintained by the Administrative Agent pursuant to Section
10.6(c) as such Lender’s “Revolving Credit Commitment,” in either case, as such amount may be
reduced at or prior to such time pursuant to the terms hereof.

     “Revolving Credit Exposure” means, with respect to any Revolving Credit Lender at any
time, the sum of (i) the aggregate principal amount of all Revolving Loans made by such Lender that
are outstanding at such time, (ii) such Lender’s Swingline Exposure at such time and (iii) such
Lender’s Letter of Credit Exposure at such time.

     “Revolving Credit Lender” means any Lender having a Revolving Credit Commitment (or,
after the Revolving Credit Commitments have terminated, any Lender holding outstanding Revolving
Credit Exposure).

     “Revolving Credit Termination Date” means the Maturity Date or such earlier date of
termination of the Revolving Credit Commitments pursuant to Section 2.5 or Section 8.2.

     “Revolving Loans” has the meaning given to such term in Section 2.1(b).

     “Revolving Note” means, with respect to any Revolving Credit Lender requesting the
same, the promissory note of the Borrower in favor of such Revolving Credit Lender evidencing the
Revolving Loans made by such Lender pursuant to Section 2.1(b), in substantially the form of
Exhibit A-2, together with any amendments, modifications and supplements thereto, substitutions
therefor and restatements thereof.

     “Sanctioned Country” means a country subject to a sanctions program identified on the
list maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/-

20

 

sanctions/index.html, or as otherwise published from time to time.

     “Sanctioned Person” means (i) a Person named on the list of Specially Designated
Nationals or Blocked Persons maintained by OFAC available at http://www.treas.gov/-offices/enforcement/ofac/sdn/index.html,
or as otherwise published from time to time, or
(ii) (A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a
Sanctioned Country, or (C) a Person resident in a Sanctioned Country, to the extent subject to a
sanctions program administered by OFAC.

     “Self Regulatory Organization” means any U.S. or foreign commission, board, agency or
body that is not a Governmental Authority, but is charged with the supervision or regulation of
brokers, dealers, securities underwriting or trading, stock exchanges, commodities exchanges,
electronic communication networks, insurance companies or agents, investment companies or
investment advisors.

     “Stated Amount” means, with respect to any Letter of Credit at any time, the aggregate
amount available to be drawn thereunder at such time (regardless of whether any conditions for
drawing could then be met).

     “Subsidiary” means, with respect to any Person, any corporation or other Person of
which more than fifty percent (50%) of the outstanding Capital Stock having ordinary voting power
to elect a majority of the board of directors, board of managers or other governing body of such
Person, is at the time, directly or indirectly, owned or controlled by such Person and one or more
of its other Subsidiaries or a combination thereof (irrespective of whether, at the time,
securities of any other class or classes of any such corporation or other Person shall or might
have voting power by reason of the happening of any contingency). When used without reference to a
parent entity, the term “Subsidiary” shall be deemed to refer to a Subsidiary of the Borrower.

     “Subsidiary Guarantor” means any Guarantor that is a Subsidiary of the Borrower.

     “Swingline Commitment” means $20,000,000, or, if less, the aggregate Revolving Credit
Commitments at the time of determination, as such amount may be reduced at or prior to such time
pursuant to the terms hereof.

     “Swingline Exposure” means, with respect to any Revolving Credit Lender at any time,
its maximum aggregate liability to make Refunded Swingline Loans pursuant to Section 2.2(e) to
refund, or to purchase participations pursuant to Section 2.2(f) in, Swingline Loans that are
outstanding at such time.

     “Swingline Lender” means Wachovia in its capacity as maker of Swingline Loans, and its
successors in such capacity.

     “Swingline Loans” has the meaning given to such term in Section 2.1(c).

     “Swingline Maturity Date” means the day which is 30 days prior to the Maturity Date.

     “Swingline Note” means, if requested by the Swingline Lender, the promissory note of
the Borrower in favor of the Swingline Lender evidencing the Swingline Loans made by the

21

 

Swingline Lender pursuant to Section 2.1(c), in substantially the form of Exhibit A-3,
together with any amendments, modifications and supplements thereto, substitutions therefor and
restatements thereof.

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

     “Term Lender” means any Lender having a Term Loan Commitment (or, after the Term Loan
Commitments have terminated, any Lender holding outstanding Term Loans).

     “Term Loan” has the meaning given to such term in Section 2.1(a).

     “Term Loan Commitment” means, with respect to any Lender at any time, the commitment
of such Lender to make Term Loans in an aggregate principal amount up to the amount set forth
opposite such Lender’s name on Schedule 1.1(a) under the caption “Term Loan Commitment” or, if such
Lender has entered into one or more Assignment and Assumptions, the amount set forth for such
Lender at such time in the Register maintained by the Administrative Agent pursuant to Section
10.6(c) as such Lender’s “Term Loan Commitment,” in either case, as such amount may be reduced at
or prior to such time pursuant to the terms hereof.

     “Term Note” means, with respect to any Term Lender requesting the same, the promissory
note of the Borrower in favor of such Term Lender evidencing the Term Loan made by such Lender
pursuant to Section 2.1(a), in substantially the form of Exhibit A-1, together with any amendments,
modifications and supplements thereto, substitutions therefor and restatements thereof.

     “Terminating Liquidity Facility” has the meaning set forth in Section 3.1(d).

     “The Clearing Corporation” means The Clearing Corporation, a Delaware corporation and
a Subsidiary of the Borrower.

     “Total Funded Debt” means, as of any date of determination, the aggregate principal
amount of all Indebtedness of the Borrower and its Subsidiaries as of such date, determined on a
consolidated basis in accordance with GAAP.

     “Total Leverage Ratio” means, as of the last day of any Reference Period ending on the
last day of a fiscal quarter, the ratio of (i) Total Funded Debt as of such date to (ii)
Consolidated EBITDA for such Reference Period.

     “Total Voting Power” means, with respect to any Person, the total number of votes
which may be cast in the election of directors of such Person at any meeting of stockholders of
such Person if all securities entitled to vote in the election of directors of such Person (on a
fully diluted basis, assuming the exercise, conversion or exchange of all rights, warrants, options
and securities exercisable for, exchangeable for or convertible into, such voting securities) were
present and voted at such meeting (other than votes that may be cast only upon the happening of a
contingency).

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     “Type” has the meaning given to such term in Section 2.2(a).

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

     “Unutilized Revolving Credit Commitment” means, with respect to any Revolving Credit
Lender at any time, such Lender’s Revolving Credit Commitment at such time less the
sum of (i) the aggregate principal amount of all Revolving Loans made by such Lender that
are outstanding at such time, (ii) such Lender’s Swingline Exposure at such time and (iii) such
Lender’s Letter of Credit Exposure at such time.

     “Unutilized Swingline Commitment” means, with respect to the Swingline Lender at any
time, the Swingline Commitment at such time less the aggregate principal amount of all
Swingline Loans that are outstanding at such time.

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

     “Wachovia Fee Letter” means the letter from Wachovia and Wachovia Capital Markets,
LLC, to the Borrower, dated February 18, 2009, relating to certain fees payable by the Borrower in
respect of the transactions contemplated by this Agreement, as amended, modified, restated or
supplemented from time to time.

     “Wholly-Owned” means, with respect to any Subsidiary of any Person, that 100% of the
outstanding Capital Stock of such Subsidiary (excluding any directors’ qualifying shares and shares
required to be held by foreign nationals, in the case of a Foreign Subsidiary) is owned, directly
or indirectly, by such Person.

     1.2 Accounting Terms. Unless otherwise specified herein, all accounting terms used herein shall be interpreted,
all accounting determinations hereunder shall be made, and all financial statements required to be
delivered hereunder shall be prepared in accordance with, GAAP applied on a basis consistent with
the most recent audited consolidated financial statements of the Borrower and its Subsidiaries
delivered to the Lenders prior to the Closing Date; provided that if the Borrower notifies
the Administrative Agent that it wishes to amend any financial covenant in Article VI to eliminate
the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent
notifies the Borrower that the Required Lenders wish to amend Article VI for such purpose), then
the Borrower’s compliance with such covenant shall be determined on the basis of GAAP as in effect
immediately before the relevant change in GAAP became effective, until either such notice is
withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required
Lenders.

     1.3 Other Terms; Construction.

     (a) The definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. The words “include,” “includes” and

23

 

“including” shall be deemed to be followed by the phrase “without limitation.” The word
“will” shall be construed to have the same meaning and effect as the word “shall.”
Unless the context requires otherwise, (i) any definition of or reference to any agreement,
instrument or other document shall be construed as referring to such agreement, instrument or other
document as from time to time amended, supplemented, restated or otherwise modified (subject to any
restrictions on such amendments, supplements, restatements or modifications set forth herein or in
any other Credit Document), (ii) any reference herein to any Person shall be construed to include
such Person’s successors and assigns permitted hereunder, (iii) the words “herein,”
“hereof” and “hereunder,” and words of similar import when used in any Credit
Document, shall be construed to refer to such Credit Document in its entirety and not to any
particular provision thereof, (iv) all references in a Credit Document to Articles, Sections,
Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, the Credit Document in which such references appear, (v) any reference to any law or
regulation herein shall, unless otherwise specified, refer to such law or regulation as amended,
modified or supplemented from time to time, and (vi) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and
all tangible and intangible assets and properties, including cash, securities, accounts and
contract rights.

     (b) All references herein to the Lenders or any of them shall be deemed to include the
Swingline Lender and the Issuing Lender unless specifically provided otherwise or unless the
context otherwise requires.

     (c) Notwithstanding the foregoing, calculations to determine compliance by the Borrower for
any period with the Total Leverage Ratio covenant as set forth in Article VI, and calculations of
the financial covenants contained in Article VI to determine whether a condition to a Permitted
Acquisition, Permitted Asset Disposition, permitted incurrence of Indebtedness or other transaction
has been met, shall be determined in each case on a pro forma basis (a “Pro Forma Basis”)
after giving effect to any Acquisition, Asset Disposition, incurrence of Indebtedness or other
transaction (each, a “transaction”) occurring during such period (or proposed to be
consummated, as the case may be) as if such transaction had occurred as of the first day of such
period, in accordance with the following:

     (i) any Indebtedness incurred or assumed by any Credit Party in connection with any
transaction (including any Indebtedness of a Person acquired in a Permitted Acquisition that
is not retired or repaid in connection therewith) shall be deemed to have been incurred or
assumed as of the first day of the applicable period (and if such Indebtedness has a
floating or formula rate, such Indebtedness shall, for purposes of such determination, have
an implied rate of interest during the applicable period determined by utilizing the rate of
interest that is or would be in effect with respect to such Indebtedness as of the date of
determination);

     (ii) any Indebtedness retired or repaid in connection with any transaction (including
any Indebtedness of a Person acquired in a Permitted Acquisition) shall be deemed to have
been retired or repaid as of the first day of the applicable period;

     (iii) with respect to any Permitted Acquisition, (A) income statement items (whether
positive or negative) and balance sheet items attributable to the Person or assets

24

 

acquired shall (to the extent not otherwise included in the consolidated financial
statements of the Borrower and its Subsidiaries in accordance with GAAP or in accordance
with other provisions of this Agreement) be included in such calculations to the extent
relating to the applicable period, provided that such income statement and balance
sheet items are reflected in financial statements or other financial data reasonably
acceptable to the Administrative Agent, and (B) operating expense reductions, cost savings
and other pro forma adjustments attributable to such Permitted Acquisition may be included
to the extent that such adjustments (y) would be permitted pursuant to Article XI of
Regulation S-X under the Securities Act (irrespective of whether the Borrower is subject
thereto) or (z) have been approved in writing by the Administrative Agent; and

     (iv) with respect to any Permitted Asset Disposition, income statement items (whether
positive or negative) and balance sheet items attributable to the assets disposed of shall
be excluded from such calculations to the extent relating to the applicable period.

ARTICLE II

AMOUNT AND TERMS OF THE LOANS

     2.1 Commitments.

     (a) Each Term Lender severally agrees, subject to and on the terms and conditions of this
Agreement, to make a loan (each, a “Term Loan,” and collectively, the “Term Loans”)
to the Borrower on the Closing Date in a principal amount not to exceed its Term Loan Commitment.
No Term Loans shall be made at any time after the Closing Date. To the extent repaid, Term Loans
may not be reborrowed.

     (b) Each Revolving Credit Lender severally agrees, subject to and on the terms and conditions
of this Agreement, to make loans (each, a “Revolving Loan,” and collectively, the
“Revolving Loans”) to the Borrower, from time to time on any Business Day during the period
from and including the Closing Date to but excluding the Revolving Credit Termination Date, in an
aggregate principal amount at any time outstanding not exceeding its Revolving Credit Commitment,
provided that no Borrowing of Revolving Loans shall be made if, immediately after giving
effect thereto (and to any concurrent repayment of Swingline Loans with proceeds of Revolving Loans
made pursuant to such Borrowing), (y) the Revolving Credit Exposure of any Revolving Credit Lender
would exceed its Revolving Credit Commitment at such time or (z) the Aggregate Revolving Credit
Exposure would exceed the aggregate Revolving Credit Commitments at such time. Subject to and on
the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Revolving
Loans.

     (c) The Swingline Lender agrees, subject to and on the terms and conditions of this Agreement,
to make loans (each, a “Swingline Loan,” and collectively, the “Swingline Loans”)
to the Borrower, from time to time on any Business Day during the period from the Closing Date to
but excluding the Swingline Maturity Date (or, if earlier, the Revolving Credit Termination Date),
in an aggregate principal amount at any time outstanding not exceeding the Swingline Commitment.
Swingline Loans may be made even if the aggregate principal amount of

25

 

Swingline Loans outstanding
at any time, when added to the aggregate principal amount of the
Revolving Loans made by the Swingline Lender in its capacity as a Revolving Credit Lender
outstanding at such time, would exceed the Swingline Lender’s own Revolving Credit Commitment at
such time, but provided that no Borrowing of Swingline Loans shall be made if, immediately
after giving effect thereto, (x) the Revolving Credit Exposure of any Revolving Credit Lender would
exceed its Revolving Credit Commitment at such time, (y) the Aggregate Revolving Credit Exposure
would exceed the aggregate Revolving Credit Commitments at such time or (z) any Lender is at such
time a Defaulting Lender hereunder, unless the Swingline Lender has entered into satisfactory
arrangements with the Borrower or such Lender to eliminate the Swingline Lender’s risk with respect
to such Lender. Subject to and on the terms and conditions of this Agreement, the Borrower may
borrow, repay (including by means of a Borrowing of Revolving Loans pursuant to Section 2.2(e)) and
reborrow Swingline Loans.

     2.2 Borrowings.

     (a) The Term Loans and Revolving Loans (each, together with the Swingline Loans, a
“Class” of Loan) shall, at the option of the Borrower and subject to the terms and
conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a “Type” of
Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise
specifically provided herein, be of the same Type. The Swingline Loans shall be made and
maintained as LIBOR Market Index Rate Loans at all times.

     (b) In order to make a Borrowing (other than (x) Borrowings of Swingline Loans, which shall be
made pursuant to Section 2.2(d), (y) Borrowings for the purpose of repaying Refunded Swingline
Loans, which shall be made pursuant to Section 2.2(e), and (z) Borrowings involving continuations
or conversions of outstanding Loans, which shall be made pursuant to Section 2.11), the Borrower
will give the Administrative Agent written notice not later than 11:00 a.m., Charlotte time, three
(3) Business Days prior to each Borrowing to be comprised of LIBOR Loans and not later than 10:00
a.m., Charlotte time, on the Business Day of any Borrowing to be comprised of Base Rate Loans;
provided, however, that requests for the Borrowing of the Term Loans and any
Revolving Loans to be made on the Closing Date may, at the discretion of the Administrative Agent,
be given with less advance notice than as specified hereinabove. Each such notice (each, a
“Notice of Borrowing”) shall be irrevocable, shall be given in the form of Exhibit B-1 and
shall specify (1) the aggregate principal amount, Class and initial Type of the Loans to be made
pursuant to such Borrowing, (2) in the case of a Borrowing of LIBOR Loans, the initial Interest
Period to be applicable thereto, and (3) the requested Borrowing Date, which shall be a Business
Day. Upon its receipt of a Notice of Borrowing, the Administrative Agent will promptly notify each
applicable Lender of the proposed Borrowing. Notwithstanding anything to the contrary contained
herein:

     (i) the aggregate principal amount of the Borrowing of Term Loans shall be in the
amount of the aggregate Term Loan Commitments;

     (ii) except for a Borrowing with respect to a Refunded Swingline Loan in accordance
with Section 2.2(e), the aggregate principal amount of each Borrowing comprised of Base Rate
Loans shall not be less than $3,000,000 or, if greater, an integral multiple of $1,000,000
in excess thereof (or, in the case of a Borrowing of Revolving

26

 

Loans, if less, in the amount
of the aggregate Unutilized Revolving Credit
Commitments), and the aggregate principal amount of each Borrowing comprised of LIBOR
Loans shall not be less than $5,000,000 or, if greater, an integral multiple of $1,000,000
in excess thereof;

     (iii) if the Borrower shall have failed to designate the Type of Loans comprising a
Borrowing, the Borrower shall be deemed to have requested a Borrowing comprised of Base Rate
Loans; and

     (iv) if the Borrower shall have failed to select the duration of the Interest Period to
be applicable to any Borrowing of LIBOR Loans, then the Borrower shall be deemed to have
selected an Interest Period with a duration of one month.

     (c) Not later than 1:00 p.m., Charlotte time, on the requested Borrowing Date (which shall be
the Closing Date, in the case of the Term Loans), each applicable Lender will make available to the
Administrative Agent at the Payment Office an amount, in Dollars and in immediately available
funds, equal to the amount of the Loan or Loans to be made by such Lender. To the extent such
Lenders have made such amounts available to the Administrative Agent as provided hereinabove, the
Administrative Agent will make the aggregate of such amounts available to the Borrower in
accordance with Section 2.3(a) and in like funds as received by the Administrative Agent.

     (d) In order to make a Borrowing of a Swingline Loan, the Borrower will give the
Administrative Agent (and the Swingline Lender, if the Swingline Lender is not also the
Administrative Agent) written notice not later than 11:00 a.m., Charlotte time, on the date of such
Borrowing. Each such notice (each, a “Notice of Swingline Borrowing”) shall be given in
the form of Exhibit B-2, shall be irrevocable and shall specify (i) the principal amount of the
Swingline Loan to be made pursuant to such Borrowing (which shall not be less than $100,000 and, if
greater, shall be in an integral multiple of $100,000 in excess thereof (or, if less, in the amount
of the Unutilized Swingline Commitment)) and (ii) the requested Borrowing Date, which shall be a
Business Day. Not later than 1:00 p.m., Charlotte time, on the requested Borrowing Date, the
Swingline Lender will make available to the Administrative Agent at the Payment Office an amount,
in Dollars and in immediately available funds, equal to the amount of the requested Swingline Loan.
To the extent the Swingline Lender has made such amount available to the Administrative Agent as
provided hereinabove, the Administrative Agent will make such amount available to the Borrower in
accordance with Section 2.3(a) and in like funds as received by the Administrative Agent.

     (e) With respect to any outstanding Swingline Loans, the Swingline Lender may at any time
(whether or not an Event of Default has occurred and is continuing) in its sole and absolute
discretion, and is hereby authorized and empowered by the Borrower to, cause a Borrowing of
Revolving Loans to be made for the purpose of repaying such Swingline Loans by delivering to the
Administrative Agent (if the Administrative Agent is not also the Swingline Lender) and each other
Revolving Credit Lender (on behalf of, and with a copy to, the Borrower), not later than 10:00
a.m., Charlotte time on the Business Day of the proposed Borrowing Date therefor, a notice (which
shall be deemed to be a Notice of Borrowing given by the Borrower) requesting the Revolving Credit
Lenders to make Revolving Loans (which shall

27

 

be made initially as Base Rate Loans) on such
Borrowing Date in an aggregate amount equal to
the amount of such Swingline Loans (the “Refunded Swingline Loans”) outstanding on the
date such notice is given that the Swingline Lender requests to be repaid. Not later than 1:00
p.m., Charlotte time, on the requested Borrowing Date, each Revolving Credit Lender (other than the
Swingline Lender) will make available to the Administrative Agent at the Payment Office an amount,
in Dollars and in immediately available funds, equal to the amount of the Revolving Loan to be made
by such Lender. To the extent the Revolving Credit Lenders have made such amounts available to the
Administrative Agent as provided hereinabove, the Administrative Agent will make the aggregate of
such amounts available to the Swingline Lender in like funds as received by the Administrative
Agent, which shall apply such amounts in repayment of the Refunded Swingline Loans.
Notwithstanding any provision of this Agreement to the contrary, on the relevant Borrowing Date,
the Refunded Swingline Loans (including the Swingline Lender’s ratable share thereof, in its
capacity as a Revolving Credit Lender) shall be deemed to be repaid with the proceeds of the
Revolving Loans made as provided above (including a Revolving Loan deemed to have been made by the
Swingline Lender), and such Refunded Swingline Loans deemed to be so repaid shall no longer be
outstanding as Swingline Loans but shall be outstanding as Revolving Loans. If any portion of any
such amount repaid (or deemed to be repaid) to the Swingline Lender shall be recovered by or on
behalf of the Borrower from the Swingline Lender in any bankruptcy, insolvency or similar
proceeding or otherwise, the loss of the amount so recovered shall be shared ratably among all the
Revolving Credit Lenders in the manner contemplated by Section 2.14(b).

     (f) If, as a result of any Bankruptcy Event with respect to the Borrower, Revolving Loans are
not made pursuant to Section 2.2(e) in an amount sufficient to repay any amounts owed to the
Swingline Lender in respect of any outstanding Swingline Loans, or if the Swingline Lender is
otherwise precluded for any reason from giving a notice on behalf of the Borrower as provided for
hereinabove, the Swingline Lender shall be deemed to have sold without recourse, representation or
warranty, and each Revolving Credit Lender shall be deemed to have purchased and hereby agrees to
purchase, a participation in such outstanding Swingline Loans in an amount equal to its ratable
share (based on the proportion that its Revolving Credit Commitment bears to the aggregate
Revolving Credit Commitments at such time, or if the Revolving Credit Commitments have been
terminated, based on the proportion that its Revolving Credit Commitment bears to the aggregate
Revolving Credit Commitments, in each case immediately prior to the termination thereof) of the
unpaid amount thereof together with accrued interest thereon. Upon one (1) Business Day’s prior
notice from the Swingline Lender, each Revolving Credit Lender (other than the Swingline Lender)
will make available to the Administrative Agent at the Payment Office an amount, in Dollars and in
immediately available funds, equal to its respective participation. To the extent the Revolving
Credit Lenders have made such amounts available to the Administrative Agent as provided
hereinabove, the Administrative Agent will make the aggregate of such amounts available to the
Swingline Lender in like funds as received by the Administrative Agent. In the event any such
Revolving Credit Lender fails to make available to the Administrative Agent the amount of such
Lender’s participation as provided in this Section 2.2(f), the Swingline Lender shall be entitled
to recover such amount on demand from such Lender, together with interest thereon for each day from
the date such amount is required to be made available for the account of the Swingline Lender until
the date such amount is made available to the Swingline Lender at the Federal Funds Rate for the
first three (3) Business Days and thereafter at the Adjusted Base Rate applicable to Revolving
Loans.

28

 

Promptly following its receipt of any payment by or on behalf of the Borrower in respect of
a Swingline Loan, the Swingline Lender will pay to each Revolving Credit Lender that has
acquired a participation therein such Lender’s ratable share of such payment.

     (g) Notwithstanding any provision of this Agreement to the contrary, the obligation of each
Revolving Credit Lender (other than the Swingline Lender) to make Revolving Loans for the purpose
of repaying any Refunded Swingline Loans pursuant to Section 2.2(e) and each such Lender’s
obligation to purchase a participation in any unpaid Swingline Loans pursuant to Section 2.2(f)
shall be absolute and unconditional and shall not be affected by any circumstance or event
whatsoever, including, without limitation, (i) any set-off, counterclaim, recoupment, defense or
other right that such Lender may have against the Swingline Lender, the Administrative Agent, the
Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of any
Default or Event of Default, (iii) the failure of the amount of such Borrowing of Revolving Loans
to meet the minimum Borrowing amount specified in Section 2.2(b), or (iv) the failure of any
conditions set forth in Section 3.2 or elsewhere herein to be satisfied.

     2.3 Disbursements; Funding Reliance; Domicile of Loans.

     (a) The Borrower hereby authorizes the Administrative Agent to disburse the proceeds of each
Borrowing in accordance with the terms of any written instructions from any Authorized Officer of
the Borrower, provided that the Administrative Agent shall not be obligated under any
circumstances to forward amounts to any account not listed in an Account Designation Letter. The
Borrower may at any time deliver to the Administrative Agent an Account Designation Letter listing
any additional accounts or deleting any accounts listed in a previous Account Designation Letter.

     (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has
made such share available on such date in accordance with Section 2.2 and may, in reliance upon
such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender
has not in fact made its share of the applicable Borrowing available to the Administrative Agent,
then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent
forthwith on demand such corresponding amount with interest thereon, for each day from and
including the date such amount is made available to the Borrower to but excluding the date of
payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, the
greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation and (ii) in the case of a payment to be made
by the Borrower, the Adjusted Base Rate. If the Borrower and such Lender shall pay such interest
to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall
promptly remit to the Borrower the amount of such interest paid by the Borrower for such period.
If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the
amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the
Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall
have failed to make such payment to the Administrative Agent.

29

 

     (c) The obligations of the Lenders hereunder to make Loans, to fund participations in
Swingline Loans and Letters of Credit and to make payments pursuant to Section 10.1(c) are several
and not joint. The failure of any Lender to make any Loan, to fund any such participation or to
make any such payment on any date shall not relieve any other Lender of its corresponding
obligation, if any, hereunder to do so on such date, but no Lender shall be responsible for the
failure of any other Lender to so make its Loan, purchase its participation or to make any such
payment required hereunder.

     (d) Each Lender may, at its option, make and maintain any Loan at, to or for the account of
any of its Lending Offices, provided that any exercise of such option shall not affect the
obligation of the Borrower to repay such Loan to or for the account of such Lender in accordance
with the terms of this Agreement.

     2.4 Evidence of Debt; Notes.

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

     (b) The Administrative Agent shall maintain the Register pursuant to Section 10.6(c), and a
subaccount for each Lender, in which Register and subaccounts (taken together) shall be recorded
(i) the amount of each such Loan, the Class and Type of each such Loan and the Interest Period
applicable thereto, (ii) the amount of any principal or interest due and payable or to become due
and payable from the Borrower to each Lender hereunder in respect of each such Loan and (iii) the
amount of any sum received by the Administrative Agent hereunder from the Borrower in respect of
each such Loan and each Lender’s share thereof.

     (c) The entries made in the Register and subaccounts maintained pursuant to Section 2.4(b)
(and, if consistent with the entries of the Administrative Agent, the accounts maintained pursuant
to Section 2.4(a)) shall, to the extent permitted by applicable law, be conclusive absent manifest
error of the existence and amounts of the obligations of the Borrower therein recorded;
provided, however, that the failure of any Lender or the Administrative Agent to
maintain such account, such Register or such subaccount, as applicable, or any error therein, shall
not in any manner affect the obligation of the Borrower to repay (with applicable interest) the
Loans made to the Borrower by such Lender in accordance with the terms of this Agreement.

     (d) The Loans of each Class made by each Lender shall, if requested by the applicable Lender
(which request shall be made to the Administrative Agent), be evidenced (i) in the case of Term
Loans, by a Term Note appropriately completed in substantially the form of Exhibit A-1, (ii) in the
case of Revolving Loans, by a Revolving Note appropriately completed in substantially the form of
Exhibit A-2, and (iii) in the case of the Swingline Loans, by a Swingline Note appropriately
completed in substantially the form of Exhibit A-3, in each case executed by the Borrower and
payable to the order of such Lender. Each Note shall be entitled to all of the benefits of this
Agreement and the other Credit Documents and shall be subject to the provisions hereof and thereof.

30

 

     2.5 Termination and Reduction of Commitments and Swingline Commitment.

     (a) The Term Loan Commitments shall be automatically and permanently terminated concurrently
with the making of the Term Loans on the Closing Date. The Revolving Credit Commitments shall be
automatically and permanently terminated on the Revolving Credit Termination Date. The Swingline
Commitment shall be automatically and permanently terminated on the Swingline Maturity Date, unless
sooner terminated pursuant to any other provision of this Section 2.5 or Section 8.2.

     (b) At any time and from time to time after the date hereof, upon not less than five (5)
Business Days’ prior written notice to the Administrative Agent (and in the case of a termination
or reduction of the Unutilized Swingline Commitment, the Swingline Lender), the Borrower may
terminate in whole or reduce in part the aggregate Unutilized Revolving Credit Commitments or the
Unutilized Swingline Commitment, provided that any such partial reduction shall be in an
aggregate amount of not less than $5,000,000 ($500,000 in the case of the Unutilized Swingline
Commitment) or, if greater, an integral multiple of $1,000,000 in excess thereof ($100,000 in the
case of the Unutilized Swingline Commitment). The amount of any termination or reduction made
under this Section 2.5(b) may not thereafter be reinstated.

     (c) Each reduction of the Revolving Credit Commitments pursuant to this Section shall be
applied ratably among the Revolving Credit Lenders according to their respective Revolving Credit
Commitments. Notwithstanding any provision of this Agreement to the contrary, any reduction of the
Revolving Credit Commitments pursuant to this Section 2.5 that has the effect of reducing the
aggregate Revolving Credit Commitments to an amount less than the amount of the Swingline
Commitment at such time shall result in an automatic corresponding reduction of the Swingline
Commitment, as the case may be, to the amount of the aggregate Revolving Credit Commitments (as so
reduced), without any further action on the part of the Borrower, the Swingline Lender or any other
Lender.

     2.6 Mandatory Payments and Prepayments.

     (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the
Borrower will repay the Term Loans on each date set forth below in the aggregate principal amount
opposite such date:

	 	 	 	 	 
	Date	 	Payment Amount
	June 30, 2009
	 	$	10,000,000	 
	September 30, 2009
	 	$	10,000,000	 
	December 31, 2009
	 	$	10,000,000	 
	March 31, 2010
	 	$	10,000,000	 
	June 30, 2010
	 	$	13,000,000	 
	September 30, 2010
	 	$	13,000,000	 
	December 31, 2010
	 	$	13,000,000	 
	March 31, 2011
	 	$	13,000,000	 
	June 30, 2011
	 	$	17,000,000	 
	September 30, 2011
	 	$	17,000,000	 

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	Date	 	Payment Amount
	December 31, 2011
	 	$	17,000,000	 
	March 31, 2012
	 	$	17,000,000	 
	Maturity Date
	 	$	40,000,000	 

     (b) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, (i)
the aggregate outstanding principal of the Term Loans shall be due and payable in full on the
Maturity Date, (ii) the aggregate outstanding principal of the Revolving Loans shall be due and
payable in full on the Maturity Date, and (iii) the aggregate outstanding principal of the
Swingline Loans shall be due and payable in full on the Swingline Maturity Date.

     (c) In the event that, at any time, the Aggregate Revolving Credit Exposure (excluding the
aggregate amount of any Swingline Loans to be repaid with proceeds of Revolving Loans made on the
date of determination) shall exceed the aggregate Revolving Credit Commitments at such time (after
giving effect to any concurrent termination or reduction thereof), the Borrower will immediately
prepay the outstanding principal amount of the Swingline Loans and, to the extent of any excess
remaining after prepayment in full of outstanding Swingline Loans, the outstanding principal amount
of the Revolving Loans in the amount of such excess; provided that, to the extent such
excess amount is greater than the aggregate principal amount of Swingline Loans and Revolving Loans
outstanding immediately prior to the application of such prepayment, the amount so prepaid shall be
retained by the Administrative Agent and held in the Cash Collateral Account as cover for Letter of
Credit Exposure, as more particularly described in Section 2.19(h), and thereupon such cash shall
be deemed to reduce the aggregate Letter of Credit Exposure by an equivalent amount.

     2.7 Voluntary Prepayments.

     (a) At any time and from time to time, the Borrower shall have the right to prepay the Loans,
in whole or in part, without premium or penalty (except as provided in clause (iii) below), upon
written notice given to the Administrative Agent not later than 11:00 a.m., Charlotte time, three
(3) Business Days prior to each intended prepayment of LIBOR Loans and one (1) Business Day prior
to each intended prepayment of Base Rate Loans (other than Swingline Loans, which may be prepaid on
a same-day basis), provided that (i) each partial prepayment of LIBOR Loans shall be in an
aggregate principal amount of not less than $5,000,000 or, if greater, an integral multiple of
$1,000,000 in excess thereof, and each partial prepayment of Base Rate Loans shall be in an
aggregate principal amount of not less than $3,000,000 or, if greater, an integral multiple of
$1,000,000 in excess thereof ($100,000 and $100,000, respectively, in the case of Swingline Loans),
(ii) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the
aggregate outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less
than $5,000,000 or to any greater amount not an integral multiple of $1,000,000 in excess thereof,
and (iii) unless made together with all amounts required under Section 2.17 to be paid as a
consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of
the Interest Period applicable thereto. Each such notice shall specify the proposed date of such
prepayment and the aggregate principal amount, Class and Type of the Loans to be prepaid (and, in
the case of LIBOR Loans, the Interest Period of the Borrowing pursuant to which made), and shall be
irrevocable and shall

32

 

bind the Borrower to make such prepayment on the terms specified therein. Revolving Loans and
Swingline Loans (but not Term Loans) prepaid pursuant to this Section 2.7(a) may be reborrowed,
subject to the terms and conditions of this Agreement. In the event the Administrative Agent
receives a notice of prepayment under this Section, the Administrative Agent will give prompt
notice thereof to the Lenders; provided that if such notice has also been furnished to the
Lenders, the Administrative Agent shall have no obligation to notify the Lenders with respect
thereto.

     (b) Each prepayment of the Term Loans made pursuant to Section 2.7(a) shall be applied to
reduce the outstanding principal amount of the Term Loans, with such reduction to be applied to the
remaining scheduled principal payments in each instance on a pro rata basis. Each prepayment of
the Loans made pursuant to Section 2.7(a) shall be applied ratably among the Lenders holding the
Loans being prepaid, in proportion to the principal amount held by each.

     2.8 Interest.

     (a) Subject to Section 2.8(b), the Borrower will pay interest in respect of the unpaid
principal amount of each Loan, from the date of Borrowing thereof until such principal amount shall
be paid in full, (i) at the Adjusted Base Rate, as in effect from time to time during such periods
as such Loan is a Base Rate Loan, (ii) at the Adjusted LIBOR Rate, as in effect from time to time
during such periods as such Loan is a LIBOR Loan, and (iii) at the Adjusted LIBOR Market Index
Rate, as in effect from time to time for all Swingline Loans.

     (b) Upon the occurrence and during the continuance of any Event of Default under Sections
8.1(a), 8.1(f), or 8.1(g) and (at the election of the Required Lenders) upon the occurrence and
during the continuance of any other Event of Default, all outstanding principal amounts of the
Loans and, to the greatest extent permitted by law, all interest accrued on the Loans and all other
accrued and outstanding fees and other amounts hereunder, shall bear interest at a rate per annum
equal to the interest rate applicable from time to time thereafter to such Loans plus 2% (or, in
the case of interest, fees and other amounts for which no rate is provided hereunder, at the
Adjusted Base Rate plus 2%), and, in each case, such default interest shall be payable on demand.
To the greatest extent permitted by law, interest shall continue to accrue after the filing by or
against the Borrower of any petition seeking any relief in bankruptcy or under any law pertaining
to insolvency or debtor relief.

     (c) Accrued (and theretofore unpaid) interest shall be payable as follows:

     (i) in respect of each Base Rate Loan (including any Base Rate Loan or portion thereof
paid or prepaid pursuant to the provisions of Section 2.6, except as provided hereinbelow)
and each LIBOR Market Index Rate Loan, in arrears on the last Business Day of each calendar
quarter, beginning with the first such day to occur after the Closing Date;
provided, that in the event the Loans are repaid or prepaid in full and the
Commitments have been terminated, then accrued interest in respect of all Base Rate Loans
and LIBOR Market Index Rate Loans shall be payable together with such repayment or
prepayment on the date thereof;

33

 

     (ii) in respect of each LIBOR Loan (including any LIBOR Loan or portion thereof paid or
prepaid pursuant to the provisions of Section 2.6, except as provided hereinbelow), in
arrears (y) on the last Business Day of the Interest Period applicable thereto (subject to
the provisions of Section 2.10(iv)) and (z) in addition, in the case of a LIBOR Loan with an
Interest Period having a duration of six months or longer, on each date on which interest
would have been payable under clause (y) above had successive Interest Periods of three
months’ duration been applicable to such LIBOR Loan; provided, that in the event all
LIBOR Loans made pursuant to a single Borrowing are repaid or prepaid in full, then accrued
interest in respect of such LIBOR Loans shall be payable together with such repayment or
prepayment on the date thereof; and

     (iii) in respect of any Loan, at maturity (whether pursuant to acceleration or
otherwise) and, after maturity, on demand.

     (d) Nothing contained in this Agreement or in any other Credit Document shall be deemed to
establish or require the payment of interest to any Lender at a rate in excess of the maximum rate
permitted by applicable law. If the amount of interest payable for the account of any Lender on
any interest payment date would exceed the maximum amount permitted by applicable law to be charged
by such Lender, the amount of interest payable for its account on such interest payment date shall
be automatically reduced to such maximum permissible amount. In the event of any such reduction
affecting any Lender, if from time to time thereafter the amount of interest payable for the
account of such Lender on any interest payment date would be less than the maximum amount permitted
by applicable law to be charged by such Lender, then the amount of interest payable for its account
on such subsequent interest payment date shall be automatically increased to such maximum
permissible amount, provided that at no time shall the aggregate amount by which interest
paid for the account of any Lender has been increased pursuant to this sentence exceed the
aggregate amount by which interest paid for its account has theretofore been reduced pursuant to
the previous sentence.

     (e) The Administrative Agent shall promptly notify the Borrower and the Lenders upon
determining the interest rate for each Borrowing of LIBOR Loans after its receipt of the relevant
Notice of Borrowing or Notice of Conversion/Continuation, and upon each change in the Base Rate;
provided, however, that the failure of the Administrative Agent to provide the
Borrower or the Lenders with any such notice shall neither affect any obligations of the Borrower
or the Lenders hereunder nor result in any liability on the part of the Administrative Agent to the
Borrower or any Lender. Each such determination (including each determination of the Reserve
Requirement) shall, absent manifest error, be conclusive absent manifest error and binding on all
parties hereto.

     2.9 Fees. The Borrower agrees to pay:

     (a) To Wachovia, for its own account, the administrative fee required under the Wachovia Fee
Letter to be paid to Wachovia, in the amounts due and at the times due as required by the terms
thereof;

     (b) To the Administrative Agent, for the account of each Revolving Credit Lender, a commitment
fee for each calendar quarter (or portion thereof) for the period from and including

34

 

the Closing
Date to but excluding the Revolving Credit Termination Date, at a per annum rate equal to the
Applicable Percentage in effect for such fee from time to time during such quarter on such Lender’s
ratable share (based on the proportion that its Revolving Credit Commitment bears to the aggregate
Revolving Credit Commitments) of the average daily aggregate Unutilized Revolving Credit
Commitments (excluding clause (ii) of the definition thereof for purposes of this Section 2.9(b)
only), payable in arrears (i) on the last Business Day of each calendar quarter, beginning with the
first such day to occur after the Closing Date, and (ii) on the Revolving Credit Termination Date;

     (c) To the Administrative Agent, for the account of each Revolving Credit Lender, a letter of
credit fee for each calendar quarter (or portion thereof) in respect of all Letters of Credit
outstanding during such quarter, at a per annum rate equal to the Applicable Percentage in effect
from time to time during such quarter for LIBOR Loans, on such Lender’s ratable share (based on the
proportion that its Revolving Credit Commitment bears to the aggregate Revolving Credit
Commitments, or if the Revolving Credit Commitments have been terminated, based upon the proportion
that its Revolving Credit Exposure bears to the Aggregate Revolving Credit Exposure) of the daily
average aggregate Stated Amount of such Letters of Credit, payable in arrears (i) on the last
Business Day of each calendar quarter, beginning with the first such day to occur after the Closing
Date, and (ii) on the later of the Revolving Credit Termination Date and the date of termination of
the last outstanding Letter of Credit;

     (d) To Wachovia, for its own account in its capacity as the Issuing Lender, the fronting fee
required under the Wachovia Fee Letter to be paid to Wachovia, in the amounts due and at the times
due as required by the terms thereof; and

     (e) To the Issuing Lender, for its own account, such commissions, transfer fees and other fees
and charges incurred in connection with the issuance and administration of each Letter of Credit as
are customarily charged from time to time by the Issuing Lender for the performance of such
services in connection with similar letters of credit, or as may be otherwise agreed to by the
Issuing Lender, but without duplication of amounts payable under Section 2.9(d).

     2.10 Interest Periods. Concurrently with the giving of a Notice of Borrowing or Notice of
Conversion/Continuation in respect of any Borrowing (whether in respect of Term Loans or Revolving
Loans) comprised of Base Rate Loans to be converted into, or LIBOR Loans to be continued as, LIBOR
Loans, the Borrower shall have the right to elect, pursuant to such notice, the interest period
(each, an “Interest Period”) to be applicable to such LIBOR Loans, which Interest Period
shall, at the option of the Borrower, be a one, two, three or six-month period; provided,
however, that:

     (i) all LIBOR Loans comprising a single Borrowing shall at all times have the same
Interest Period;

     (ii) the initial Interest Period for any LIBOR Loan shall commence on the date of the
Borrowing of such LIBOR Loan (including the date of any continuation of, or conversion into,
such LIBOR Loan), and each successive Interest Period applicable to such LIBOR Loan shall
commence on the day on which the next preceding Interest Period applicable thereto expires;

35

 

     (iii) LIBOR Loans may not be outstanding under more than ten (10) separate Interest
Periods at any one time (for which purpose Interest Periods shall be deemed to be separate
even if they are coterminous);

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

     (v) no Interest Period may be selected with respect to the Term Loans that would end
after a scheduled date for repayment of principal of the Term Loans occurring on or after
the first day of such Interest Period unless, immediately after giving effect to such
selection, the aggregate principal amount of Term Loans that are Base Rate Loans or that
have Interest Periods expiring on or before such principal repayment date equals or exceeds
the principal amount required to be paid on such principal repayment date;

     (vi) the Borrower may not select any Interest Period that expires after the Maturity
Date, with respect to Term Loans or Revolving Loans that are to be maintained as LIBOR
Loans;

     (vii) if any Interest Period begins on a day for which there is no numerically
corresponding day in the calendar month during which such Interest Period would otherwise
expire, such Interest Period shall expire on the last Business Day of such calendar month;
and

     (viii) the Borrower may not select any Interest Period (and consequently, no LIBOR
Loans shall be made) if a Default or Event of Default shall have occurred and be continuing
at the time of such Notice of Borrowing or Notice of Conversion/Continuation with respect to
any Borrowing.

     2.11 Conversions and Continuations.

     (a) The Borrower shall have the right, on any Business Day occurring on or after the Closing
Date, to elect (i) to convert all or a portion of the outstanding principal amount of any Base Rate
Loans of any Class into LIBOR Loans of the same Class, or to convert any LIBOR Loans of any Class
the Interest Periods for which end on the same day into Base Rate Loans of the same Class, or (ii)
upon the expiration of any Interest Period, to continue all or a portion of the outstanding
principal amount of any LIBOR Loans of any Class the Interest Periods for which end on the same day
for an additional Interest Period, provided that (w) any such conversion of LIBOR Loans
into Base Rate Loans shall involve an aggregate principal amount of not less than $3,000,000 or, if
greater, an integral multiple of $1,000,000 in excess thereof; any such conversion of Base Rate
Loans into, or continuation of, LIBOR Loans shall involve an
aggregate principal amount of not less than $5,000,000 or, if greater, an integral multiple of
$1,000,000 in excess thereof; and no partial conversion of LIBOR Loans made pursuant to a single
Borrowing shall reduce the outstanding principal amount of such LIBOR Loans to less than $5,000,000
or to any greater amount not an integral multiple of $1,000,000 in excess thereof, (x) except as
otherwise provided in Section 2.15(f), LIBOR Loans may be converted

36

 

into Base Rate Loans only on
the last day of the Interest Period applicable thereto (and, in any event, if a LIBOR Loan is
converted into a Base Rate Loan on any day other than the last day of the Interest Period
applicable thereto, the Borrower will pay, upon such conversion, all amounts required under Section
2.17 to be paid as a consequence thereof), (y) no such conversion or continuation shall be
permitted with regard to any Swingline Loans, and (z) no conversion of Base Rate Loans into LIBOR
Loans or continuation of LIBOR Loans shall be permitted during the continuance of a Default or
Event of Default.

     (b) The Borrower shall make each such election by giving the Administrative Agent written
notice not later than 11:00 a.m., Charlotte time, three (3) Business Days prior to the intended
effective date of any conversion of Base Rate Loans into, or continuation of, LIBOR Loans and one
(1) Business Day prior to the intended effective date of any conversion of LIBOR Loans into Base
Rate Loans. Each such notice (each, a “Notice of Conversion/Continuation”) shall be
irrevocable, shall be given in the form of Exhibit B-3 and shall specify (x) the date of such
conversion or continuation (which shall be a Business Day), (y) in the case of a conversion into,
or a continuation of, LIBOR Loans, the Interest Period to be applicable thereto, and (z) the
aggregate amount, Class and Type of the Loans being converted or continued. Upon the receipt of a
Notice of Conversion/Continuation, the Administrative Agent will promptly notify each applicable
Lender of the proposed conversion or continuation. In the event that the Borrower shall fail to
deliver a Notice of Conversion/Continuation as provided herein with respect to any of its
outstanding LIBOR Loans, such LIBOR Loans shall automatically be converted to Base Rate Loans upon
the expiration of the then current Interest Period applicable thereto (unless repaid pursuant to
the terms hereof). In the event the Borrower shall have failed to select in a Notice of
Conversion/Continuation the duration of the Interest Period to be applicable to any conversion
into, or continuation of, its LIBOR Loans, then the Borrower shall be deemed to have selected an
Interest Period with a duration of one month.

     2.12 Method of Payments; Computations; Apportionment of Payments.

     (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other
defense, in Dollars and in immediately available funds to the Administrative Agent, for the account
of the Lenders entitled to such payment or the Administrative Agent, the Issuing Lender, or the
Swingline Lender, as the case may be (except as otherwise expressly provided herein as to payments
required to be made directly to the Lenders) at the Payment Office prior to 12:00 noon, Charlotte
time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon,
Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any
payment falls due on a day that is not a Business Day, then such due date shall be extended to the
next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of
Section 2.10(iv) are applicable, such due date shall be the next preceding Business Day), and such
extension of time shall then be included in the computation of payment of interest, fees or other
applicable amounts.

     (b) The Administrative Agent will distribute to the Lenders like amounts relating to payments
made to the Administrative Agent for the account of the Lenders as follows: (i) if the payment is
received by 12:00 noon, Charlotte time, in immediately available funds, the Administrative Agent
will make available to each relevant Lender on the same date, by wire

37

 

transfer of immediately
available funds, such Lender’s ratable share of such payment (based on the percentage that the
amount of the relevant payment owing to such Lender bears to the total amount of such payment owing
to all of the relevant Lenders), and (ii) if such payment is received after 12:00 noon, Charlotte
time, or in other than immediately available funds, the Administrative Agent will make available to
each such Lender its ratable share of such payment by wire transfer of immediately available funds
on the next succeeding Business Day (or in the case of uncollected funds, as soon as practicable
after collected). If the Administrative Agent shall not have made a required distribution to the
appropriate Lenders as required hereinabove after receiving a payment for the account of such
Lenders, the Administrative Agent will pay to each such Lender, on demand, its ratable share of
such payment with interest thereon at the Federal Funds Rate for each day from the date such amount
was required to be disbursed by the Administrative Agent until the date repaid to such Lender.

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

     (d) All computations of interest and fees hereunder (including computations of the Reserve
Requirement) shall be made on the basis of a year consisting of (i) in the case of interest on Base
Rate Loans, 365/366 days, as the case may be, or (ii) in all other instances, 360 days; and in each
case under (i) and (ii) above, with regard to the actual number of days (including the first day,
but excluding the last day) elapsed.

     (e) Notwithstanding any other provision of this Agreement or any other Credit Document to the
contrary, all amounts collected or received by the Administrative Agent or any Lender after
acceleration of the Loans pursuant to Section 8.2 shall be applied by the Administrative Agent as
follows:

     (i) first, to the payment of all reasonable out-of-pocket costs and expenses
(including, without limitation, reasonable attorneys’ and consultants’ fees irrespective of
whether such fees are allowed as a claim after the occurrence of a Bankruptcy Event) of the
Administrative Agent in connection with enforcing the rights of the Lenders under the Credit
Documents;

     (ii) second, to the payment of any fees owed to the Administrative Agent
hereunder or under any other Credit Document;

     (iii) third, to the payment of all reasonable and documented out-of-pocket
costs and expenses (including, without limitation, reasonable attorneys’ and consultants’
fees

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irrespective of whether such fees are allowed as a claim after the occurrence of a
Bankruptcy Event) of each of the Lenders in connection with enforcing its rights under the
Credit Documents or otherwise with respect to the Obligations owing to such Lender;

     (iv) fourth, to the payment of all of the Obligations consisting of accrued
fees and interest (including, without limitation, fees incurred and interest accruing at the
then applicable rate after the occurrence of a Bankruptcy Event irrespective of whether a
claim for such fees incurred and interest accruing is allowed in such proceeding);

     (v) fifth, to the payment of the outstanding principal amount of the
Obligations (including the payment of any outstanding Reimbursement Obligations and the
obligation to cash collateralize Letter of Credit Exposure);

     (vi) sixth, to the payment of all other Obligations and other obligations that
shall have become due and payable under the Credit Documents and not repaid; and

     (vii) seventh, to the payment of the surplus (if any) to whomever may be
lawfully entitled to receive such surplus.

In carrying out the foregoing, (x) amounts received shall be applied in the numerical order
provided until exhausted prior to application to the next succeeding category, and (y) all amounts
shall be apportioned ratably among the Lenders in proportion to the amounts of such principal,
interest, fees or other Obligations owed to them respectively pursuant to clauses (iii) through
(vii) above.

     2.13 Recovery of Payments.

     (a) The Borrower agrees that to the extent the Borrower makes a payment or payments to or for
the account of the Administrative Agent, the Swingline Lender, the Issuing Lender or any Lender,
which payment or payments or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other
party under any bankruptcy, insolvency or similar state or federal law, common law or equitable
cause (whether as a result of any demand, settlement, litigation or otherwise), then, to the extent
of such payment or repayment, the Obligation intended to be satisfied shall be revived and
continued in full force and effect as if such payment had not been received.

     (b) If any amounts distributed by the Administrative Agent to any Lender are subsequently
returned or repaid by the Administrative Agent to the Borrower, its representative or successor in
interest, or any other Person, whether by court order, by settlement approved by the Lender in
question, or pursuant to applicable Requirements of Law, such Lender will, promptly upon receipt of
notice thereof from the Administrative Agent, pay the Administrative Agent such amount. If any
such amounts are recovered by the Administrative Agent from the
Borrower, its representative or successor in interest or such other Person, the Administrative
Agent will redistribute such amounts to the Lenders on the same basis as such amounts were
originally distributed.

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     2.14 Pro Rata Treatment.

     (a) Except in the case of Swingline Loans, all fundings, continuations and conversions of
Loans of any Class shall be made by the Lenders pro rata on the basis of their respective
Commitments to provide Loans of such Class (in the case of the funding of Loans of such Class
pursuant to Section 2.2) or on the basis of their respective outstanding Loans of such Class (in
the case of continuations and conversions of Loans of such Class pursuant to Section 2.11, or in
the event the Commitments for Loans of such Class have expired or have been terminated), as the
case may be from time to time. All payments on account of principal of or interest on any Loans,
fees or any other Obligations owing to or for the account of any one or more Lenders shall be
apportioned ratably among such Lenders in proportion to the amounts of such principal, interest,
fees or other Obligations owed to them respectively.

     (b) 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’s 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 (a) notify the
Administrative Agent of such fact, and (b) 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 (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 Section shall not be construed to apply to (x) any payment made by the
Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any payment
obtained by a Lender as consideration for the assignment of or sale of a participation in any of
its Loans, Swingline Loans or Letters of Credit to any assignee or participant, other than to the
Borrower or any Subsidiary thereof (as to which the provisions of this Section 2.14(b) shall
apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of the Borrower in the amount
of such participation. If under any applicable bankruptcy, insolvency or similar law, any Lender
receives a secured claim in lieu of a setoff to which this Section 2.14(b) applies, such Lender
shall, to the extent practicable, exercise its rights in respect of such secured claim in a manner
consistent with the rights of the Lenders entitled under this Section 2.14(b) to share in the
benefits of any recovery on such secured claim.

     2.15 Increased Costs; Change in Circumstances; Illegality.

     (a) If any Change in Law shall:

     (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with

40

 

or for the account
of, or credit extended or participated in by, any Lender (except the Reserve Requirement
reflected in the LIBOR Rate) or the Issuing Lender;

     (ii) subject any Lender or the 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 Loan made by it, or change the basis of taxation of payments to such Lender or the
Issuing Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by
Section 2.16 and the imposition of, or any change in the rate of, any Excluded Tax payable
by such Lender or the Issuing Lender); or

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

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any LIBOR Loan (or of maintaining its obligation to make any such Loan), or to increase
the cost to such Lender or the 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 the Issuing
Lender hereunder (whether of principal, interest or any other amount), then, upon request of such
Lender or the Issuing Lender, the Borrower will pay to such Lender or the Issuing Lender, as the
case may be, such additional amount or amounts as will compensate such Lender or the Issuing
Lender, as the case may be, for such additional costs incurred or reduction suffered.

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

     (c) A certificate of a Lender (which shall be in reasonable detail) setting forth the amount
or amounts necessary to compensate such Lender or its holding company, as specified in Section
2.15(a) or Section 2.15(b) and delivered to the Borrower shall be conclusive absent manifest error.
The Borrower shall pay such Lender, the amount shown as due on any such certificate within ten
(10) Business Days after receipt thereof.

     (d) Failure or delay on the part of any Lender to demand compensation pursuant to the
foregoing provisions of this Section shall not constitute a waiver of such Lender’s right to

41

 

demand
such compensation, provided that the Borrower shall not be required to compensate a Lender
pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions
suffered more than 180 days prior to the date that such Lender, notifies the Borrower of the Change
in Law giving rise to such increased costs or reductions and of such 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 180 day period referred to above shall be extended to include
the period of retroactive effect thereof).

     (e) If, on or prior to the first day of any Interest Period, (y) the Administrative Agent
shall have determined in good faith that adequate and reasonable means do not exist for
ascertaining the applicable LIBOR Rate for such Interest Period or (z) the Administrative Agent
shall have received written notice from the Required Lenders of their determination in good faith
that the rate of interest referred to in the definition of “LIBOR Rate” upon the basis of which the
Adjusted LIBOR Rate for LIBOR Loans for such Interest Period is to be determined will not
adequately and fairly reflect the cost to such Lenders of making or maintaining LIBOR Loans during
such Interest Period, the Administrative Agent will forthwith so notify the Borrower and the
Lenders. Upon such notice, (i) all then outstanding LIBOR Loans shall automatically, on the
expiration date of the respective Interest Periods applicable thereto (unless then repaid in full),
be converted into Base Rate Loans, (ii) the obligation of the Lenders to make, to convert Base Rate
Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to the Borrowing to
which such Interest Period applies), and (iii) any Notice of Borrowing or Notice of
Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall be deemed to
be a request for Base Rate Loans, in each case until the Administrative Agent or the Required
Lenders, as the case may be, shall have determined that the circumstances giving rise to such
suspension no longer exist (and the Required Lenders, if making such determination, shall have so
notified the Administrative Agent), and the Administrative Agent shall have so notified the
Borrower and the Lenders.

     (f) Notwithstanding any other provision in this Agreement, if, at any time after the date
hereof and from time to time, any Lender shall have determined in good faith that the introduction
of or any change in any applicable law, rule or regulation or in the interpretation or
administration thereof by any Governmental Authority charged with the interpretation or
administration thereof, or compliance with any guideline or request from any such Governmental
Authority (whether or not having the force of law), has or would have the effect of making it
unlawful for such Lender to make or to continue to make or maintain LIBOR Loans, such Lender will
forthwith so notify the Administrative Agent and the Borrower. Upon such notice, (i) each of such
Lender’s then outstanding LIBOR Loans shall automatically, on the expiration date of the respective
Interest Period applicable thereto (or, to the extent any such LIBOR Loan may not lawfully be
maintained as a LIBOR Loan until such expiration date, upon such notice) and to the extent not
sooner prepaid, be converted into a Base Rate Loan, (ii) the obligation of such Lender to make, to
convert Base Rate Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to
any Borrowing for which the Administrative Agent has received a Notice of Borrowing but for which
the Borrowing Date has not arrived), and (iii) any Notice of Borrowing or Notice of
Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall, as to such
Lender, be deemed to be a request for a Base Rate
Loan, in each case until such Lender shall have determined that the circumstances giving rise
to

42

 

such suspension no longer exist and shall have so notified the Administrative Agent, and the
Administrative Agent shall have so notified the Borrower.

     2.16 Taxes.

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

     (b) Without limiting the provisions of Section 2.16(a), the Borrower shall timely pay any
Other Taxes to the relevant Governmental Authority in accordance with applicable law.

     (c) The Borrower shall indemnify the Administrative Agent and each Lender, within ten (10)
Business Days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) paid by the Administrative Agent or such 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 (which shall be in reasonable detail) as to
the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender,
shall be conclusive absent manifest error. The Administrative Agent and each Lender agrees to
cooperate with any reasonable request made by the Borrower in respect of a claim of a refund in
respect of Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to
which the Borrower has paid additional amounts pursuant to this Section 2.16 if (i) the Borrower
has agreed in writing to pay all of the Administrative Agent’s or such Lender’s reasonable
out-of-pocket costs and expenses relating to such claim, (ii) the Administrative Agent or such
Lender determines, in its good faith judgment, that it would not be disadvantaged, unduly burdened
or prejudiced as a result of such claim and (iii) the Borrower furnishes, upon request of the
Administrative Agent or such Lender, an opinion of tax counsel (such opinion and such counsel to be
reasonably acceptable to the Administrative Agent or such Lender) to the effect that such
Indemnified Taxes were wrongly or illegally imposed.

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

43

 

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

     Without limiting the generality of the foregoing, in the event that the Borrower is resident
for tax purposes in the United States, any Foreign Lender shall deliver to the 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 request of the Borrower or the Administrative Agent, but only if such
Foreign Lender is legally entitled to do so), whichever of the following is applicable:

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

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

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

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

     (f) If the Administrative Agent or any Lender determines that it has received a refund of any
Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which
the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an
amount equal to such refund (but only to the extent of indemnity payments made, or additional
amounts paid, by the 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 or such 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 the Borrower, upon

44

 

the request of the Administrative Agent or such Lender, agrees to repay the amount paid over
to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such
Lender is required to repay such refund to such Governmental Authority. This Section 2.16(f) shall
not be construed to require the Administrative Agent or any Lender to make available its tax
returns (or any other information relating to its taxes that it deems confidential) to the Borrower
or any other Person.

     2.17 Compensation. The Borrower will compensate each Lender upon demand for all losses,
expenses and liabilities (including, without limitation, any loss, expense or liability incurred by
reason of the liquidation or reemployment of deposits or other funds required by such Lender to
fund or maintain LIBOR Loans) that such Lender may incur or sustain (i) if for any reason (other
than a default by such Lender) a Borrowing or continuation of, or conversion into, a LIBOR Loan
does not occur on a date specified therefor in a Notice of Borrowing or Notice of
Conversion/Continuation, (ii) if any repayment, prepayment or conversion of any LIBOR Loan occurs
on a date other than the last day of an Interest Period applicable thereto (including as a
consequence of any assignment made pursuant to Section 2.18(a) or any acceleration of the maturity
of the Loans pursuant to Section 8.2), (iii) if any prepayment of any LIBOR Loan is not made on any
date specified in a notice of prepayment given by the Borrower or (iv) as a consequence of any
other failure by the Borrower to make any payments with respect to any LIBOR Loan when due
hereunder. Calculation of all amounts payable to a Lender under this Section 2.17 shall be made as
though such Lender had actually funded its relevant LIBOR Loan through the purchase of a Eurodollar
deposit bearing interest at the LIBOR Rate in an amount equal to the amount of such LIBOR Loan,
having a maturity comparable to the relevant Interest Period; provided, however,
that each Lender may fund its LIBOR Loans in any manner it sees fit and the foregoing assumption
shall be utilized only for the calculation of amounts payable under this Section 2.17. A
certificate (which shall be in reasonable detail) showing the bases for the determinations set
forth in this Section 2.17 by any Lender as to any additional amounts payable pursuant to this
Section 2.17 shall be submitted by such Lender to the Borrower either directly or through the
Administrative Agent. Determinations set forth in any such certificate made in good faith for
purposes of this Section 2.17 of any such losses, expenses or liabilities shall be conclusive
absent manifest error.

     2.18 Replacement of Lenders; Mitigation of Costs.

     (a) The Borrower may, at any time (other than after the occurrence and during the continuance
of an Event of Default) at its sole expense and effort, require any Lender (i) that has requested
compensation from the Borrower under Sections 2.15(a) or 2.15(b) or payments from the Borrower
under Section 2.16, or (ii) the obligation of which to make or maintain LIBOR Loans or any funded
participations in Letters of Credit not refinanced through the Borrowing of Revolving Loans has
been suspended under Section 2.15(f) or (iii) that is a Defaulting Lender or a Nonconsenting
Lender, in any case upon notice to such Lender and the Administrative Agent, to assign and
delegate, without recourse (in accordance with and subject to the restrictions contained in, and
consents required by, Section 10.6), all of its interests, rights and obligations under this
Agreement and the related Credit Documents to an assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment);
provided that:

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     (i) the Administrative Agent shall have received the assignment fee specified in
Section 10.6(b)(iv), which fee shall be payable by the Borrower or such assignee;

     (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable
to it hereunder and under the other Credit Documents (including any amounts under Section
2.17) from the assignee (to the extent of such outstanding principal and accrued interest
and fees) or the Borrower (in the case of all other amounts);

     (iii) in the case of any such assignment resulting from a request for compensation
under Sections 2.15(a) or 2.15(b) or payments required to be made pursuant to Section 2.16,
such assignment will result in a reduction in such compensation or payments thereafter;

     (iv) in the case of an assignment of the interests, rights and obligations under this
Agreement and the related Credit Documents of a Nonconsenting Lender, such assignee shall
have approved (or shall approve) such consent, waiver or amendment that resulted in the
Nonconsenting Lender becoming a Nonconsenting Lender; and

     (v) such assignment does not conflict with applicable Requirements of 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 Borrower to
require such assignment and delegation cease to apply.

     (b) If any Lender requests compensation under Sections 2.15(a) or 2.15(b), or the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 2.16, or if any Lender gives a notice pursuant to Section
2.15(f), 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 Sections 2.15(a), 2.15(b) or
2.16, as the case may be, in the future, or eliminate the need for the notice pursuant to Section
2.15(f), as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed
cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby
agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment.

     2.19 Letters of Credit.

     (a) Issuance. Subject to and upon the terms and conditions herein set forth, so long
as no Default or Event of Default has occurred and is continuing, the Issuing Lender will, at any
time and from time to time on and after the Closing Date and prior to the earlier of (i) the Letter
of Credit Maturity Date and (ii) the Revolving Credit Termination Date, and upon request by the
Borrower in accordance with the provisions of Section 3.2, issue for the account of the
Borrower or any of its Subsidiaries one or more irrevocable standby letters of credit denominated
in Dollars and in a form customarily used or otherwise approved by the Issuing Lender (together

46

 

with all amendments, modifications and supplements thereto, substitutions therefor and renewals and
restatements thereof, collectively, the “Letters of Credit”). The Stated Amount of each
Letter of Credit shall not be less than $100,000.00. Notwithstanding the foregoing:

     (i) No Letter of Credit shall be issued if the Stated Amount upon issuance when added
to the Aggregate Revolving Credit Exposure, would exceed the aggregate Revolving Credit
Commitments at such time;

     (ii) Notwithstanding that a Letter of Credit issued or outstanding hereunder is in
support of any obligations of, or is for the account of, or otherwise will benefit, a
Subsidiary of the Borrower, the Borrower shall be obligated to reimburse the Issuing Lender
hereunder for any and all drawings under such Letter of Credit (and the Borrower hereby
acknowledges that the issuance of Letters of Credit for the benefit of its Subsidiaries
inures to the benefit of the Borrower and that the Borrower’s business derives substantial
benefits from the businesses of such Subsidiaries);

     (iii) No Letter of Credit shall be issued that by its terms expires later than the
Letter of Credit Maturity Date or, in any event, more than one year after its date of
issuance; provided, however, that a Letter of Credit may, if requested by
the Borrower, provide by its terms, and on terms acceptable to the Issuing Lender, for
renewal for successive periods of one year or less (but not beyond the Letter of Credit
Maturity Date), unless and until the Issuing Lender shall have delivered a notice of
nonrenewal to the beneficiary of such Letter of Credit; and

     (iv) The Issuing Lender shall be under no obligation to issue any Letter of Credit if,
at the time of such proposed issuance, (A) any order, judgment or decree of any Governmental
Authority or arbitrator shall purport by its terms to enjoin or restrain the Issuing Lender
from issuing such Letter of Credit, or any Requirement of Law applicable to the Issuing
Lender or any request or directive (whether or not having the force of law) from any
Governmental Authority with jurisdiction over the Issuing Lender shall prohibit, or request
that the Issuing Lender refrain from, the issuance of letters of credit generally or such
Letter of Credit in particular or shall impose upon the Issuing Lender with respect to such
Letter of Credit any restriction or reserve or capital requirement (for which the Issuing
Lender is not otherwise compensated) not in effect on the Second Amendment Effective Date,
or any unreimbursed loss, cost or expense that was not applicable, in effect or known to the
Issuing Lender as of the Second Amendment Effective Date and that the Issuing Lender in good
faith deems material to it, (B) the Issuing Lender shall have actual knowledge, or shall
have received notice from any Lender, prior to the issuance of such Letter of Credit that
one or more of the conditions specified in Section 3.2 are not then satisfied (or have not
been waived in writing as required herein) or that the issuance of such Letter of Credit
would violate the provisions of Section 2.19(a) or (C) any Lender is at such time a
Defaulting Lender hereunder, unless the Issuing Lender has entered into satisfactory
arrangements with the Borrower or such Lender to eliminate the Issuing Lender’s risk with
respect to such Lender.

     (b) Notices. Whenever the Borrower desires the issuance of a Letter of Credit, the
Borrower will give the Issuing Lender written notice with a copy to the Administrative Agent not

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later than 11:00 a.m., Charlotte time, three Business Days (or such shorter period as is acceptable
to the Issuing Lender in any given case) prior to the requested date of issuance thereof. Each
such notice (each, a “Letter of Credit Notice”) shall be irrevocable, shall be given in the
form of Exhibit B-4 and shall specify (i) the requested date of issuance, which shall be a Business
Day, (ii) the requested Stated Amount and expiry date of the Letter of Credit, and (iii) the name
and address of the requested beneficiary or beneficiaries of the Letter of Credit. The Borrower
will also complete any application procedures and documents reasonably required by the Issuing
Lender in connection with the issuance of any Letter of Credit. Upon its issuance of any Letter of
Credit, the Issuing Lender will promptly notify the Administrative Agent of such issuance, and the
Administrative Agent will give prompt notice thereof to each Revolving Credit Lender. The renewal
or extension of any outstanding Letter of Credit shall, for purposes of this Section 2.19, be
treated in all respects as the issuance of a new Letter of Credit.

     (c) Participations. Immediately upon the issuance of any Letter of Credit, the
Issuing Lender shall be deemed to have sold and transferred to each Revolving Credit Lender, and
each Revolving Credit Lender shall be deemed irrevocably and unconditionally to have purchased and
received from the Issuing Lender, without recourse or warranty (except for the absence of Liens
thereon created, incurred or suffered to exist by, through or under the Issuing Lender), an
undivided interest and participation, pro rata (based on the proportion that its Revolving Credit
Commitment bears to the aggregate Revolving Credit Commitments at such time, or if the Revolving
Credit Commitments have been terminated, based on the proportion that its Revolving Credit
Commitment bears to the aggregate Revolving Credit Commitments, in each case immediately prior to
the termination thereof), in such Letter of Credit, each drawing made thereunder and the
obligations of the Borrower under this Agreement with respect thereto and any guaranty pertaining
thereto; provided, however, that the fee relating to Letters of Credit described in
Section 2.9(d) shall be payable directly to the Issuing Lender as provided therein, and the other
Revolving Credit Lenders shall have no right to receive any portion thereof. In consideration and
in furtherance of the foregoing, each Revolving Credit Lender hereby absolutely and unconditionally
agrees to pay to the Administrative Agent, for the account of the Issuing Lender, such Lender’s pro
rata share (determined as provided above) of each Reimbursement Obligation not reimbursed by the
Borrower on the date due as provided in Section 2.19(d) or through the Borrowing of Revolving Loans
as provided in Section 2.19(e) (because the conditions set forth in Section 3.2 cannot be
satisfied, or for any other reason), or of any reimbursement payment required to be refunded to the
Borrower for any reason. Upon any change in the Revolving Credit Commitments of any of the
Revolving Credit Lenders pursuant to Section 10.6, with respect to all outstanding Letters of
Credit and Reimbursement Obligations there shall be an automatic adjustment to the participations
pursuant to this Section 2.19(c) to reflect the new pro rata shares of the assigning Lender and the
assignee. Each Revolving Credit Lender’s obligation to make payment to the Issuing Lender pursuant
to this Section 2.19(c) shall be absolute and unconditional and shall not be affected by any
circumstance whatsoever, including the termination of the Revolving Credit Commitments or the
existence of any Default or Event of Default, and each such payment shall be made without any
offset, abatement, reduction or withholding whatsoever.

     (d) Reimbursement. The Borrower hereby agrees to reimburse the Issuing Lender by
making payment to the Administrative Agent, for the account of the Issuing Lender, in immediately
available funds, for any payment made by the Issuing Lender under any Letter of

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Credit (each such
amount so paid until reimbursed, together with interest thereon payable as provided hereinbelow, a
“Reimbursement Obligation”) immediately upon, and in any event on the same Business Day as,
the making of such payment by the Issuing Lender (provided that any such Reimbursement Obligation
shall be deemed timely satisfied (but nevertheless subject to the payment of interest thereon as
provided hereinbelow) if satisfied pursuant to a Borrowing of Revolving Loans made on the date of
such payment by the Issuing Lender, as set forth more completely in Section 2.19(e)), together with
interest on the amount so paid by the Issuing Lender, to the extent not reimbursed prior to 2:00
p.m., Charlotte time, on the date of such payment or disbursement, for the period from the date of
the respective payment to the date the Reimbursement Obligation created thereby is satisfied, at
the Adjusted Base Rate applicable to Revolving Loans as in effect from time to time during such
period, such interest also to be payable on demand. The Issuing Lender will provide the
Administrative Agent and the Borrower with prompt notice of any payment or disbursement made or to
be made under any Letter of Credit, although the failure to give, or any delay in giving, any such
notice shall not release, diminish or otherwise affect the Borrower’s obligations under this
Section 2.19(d) or any other provision of this Agreement. The Administrative Agent will promptly
pay to the Issuing Lender any such amounts received by it under this Section 2.19(d).

     (e) Payment by Revolving Loans. In the event that the Issuing Lender makes any
payment under any Letter of Credit and the Borrower shall not have timely satisfied in full its
Reimbursement Obligation to the Issuing Lender pursuant to Section 2.19(d), and to the extent that
any amounts then held in the Cash Collateral Account established pursuant to Section 2.19(h) shall
be insufficient to satisfy such Reimbursement Obligation in full, the Issuing Lender will promptly
notify the Administrative Agent, and the Administrative Agent will promptly notify each Revolving
Credit Lender, of such failure. If the Administrative Agent gives such notice prior to 12:00 noon,
Charlotte time, on any Business Day, each Revolving Credit Lender will make available to the
Administrative Agent, for the account of the Issuing Lender, its pro rata share (based on the
percentage of the aggregate Revolving Credit Commitments represented by such Lender’s Revolving
Credit Commitment) of the amount of such payment on such Business Day in immediately available
funds. If the Administrative Agent gives such notice after 12:00 noon, Charlotte time, on any
Business Day, each such Revolving Credit Lender shall make its pro rata share of such amount
available to the Administrative Agent on the next succeeding Business Day. If and to the extent
any Revolving Credit Lender shall not have so made its pro rata share of the amount of such payment
available to the Administrative Agent, such Lender agrees to pay to the Administrative Agent, for
the account of the Issuing Lender, forthwith on demand such amount, together with interest thereon
at the Federal Funds Rate for each day from such date until the date such amount is paid to the
Administrative Agent. The failure of any Revolving Credit Lender to make available to the
Administrative Agent its pro rata share of any payment under any Letter of Credit shall not relieve
any other Revolving Credit Lender of its obligation hereunder to make available to the
Administrative Agent its pro rata share of any payment under any Letter of Credit on the date
required, as specified above, but no Revolving Credit Lender shall be responsible for the failure
of any other Revolving Credit Lender to make available to the Administrative Agent such other
Revolving Credit Lender’s pro rata share of any such payment. Each such payment by a Revolving
Credit Lender under this
Section 2.19(e) of its pro rata share of an amount paid by the Issuing Lender shall constitute
a Revolving Loan by such Revolving Credit Lender (the Borrower being deemed to have given a timely
Notice of Borrowing therefor) and shall be treated as such for all purposes of this

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Agreement;
provided that for purposes of determining the aggregate Unutilized Revolving Credit
Commitments immediately prior to giving effect to the application of the proceeds of such Revolving
Loans, the Reimbursement Obligation being satisfied thereby shall be deemed not to be outstanding
at such time. Each Revolving Credit Lender’s obligation to make Revolving Loans pursuant to this
Section 2.19(e) shall be absolute and unconditional and shall not be affected by any circumstance
whatsoever, including, without limitation, the failure of the amount of such Borrowing of Revolving
Loans to meet the minimum Borrowing amount specified in Section 2.2(b); provided,
however, that each Revolving Credit Lender’s obligation to make Revolving Loans pursuant to
this Section 2.19(e) is subject to the conditions set forth in Section 3.2 (other than delivery by
the Borrower of a Notice of Borrowing).

     (f) Payment to Revolving Credit Lenders. Whenever the Issuing Lender receives a
payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received,
for the account of the Issuing Lender, any payments from the Revolving Credit Lenders pursuant to
Section 2.19(e), the Issuing Lender will promptly pay to the Administrative Agent, and the
Administrative Agent will promptly pay to each Revolving Credit Lender that has paid its pro rata
share thereof, in immediately available funds, an amount equal to such Revolving Credit Lender’s
ratable share (based on the proportionate amount funded by such Revolving Credit Lender to the
aggregate amount funded by all Revolving Credit Lenders) of such Reimbursement Obligation.

     (g) Obligations Absolute. The Reimbursement Obligations of the Borrower shall be
irrevocable, shall remain in effect until the Issuing Lender shall have no further obligations to
make any payments or disbursements under any circumstances with respect to any Letter of Credit,
and shall be absolute and unconditional, shall not be subject to counterclaim, setoff or other
defense or any other qualification or exception whatsoever and shall be made in accordance with the
terms and conditions of this Agreement under all circumstances, including, without limitation, any
of the following circumstances:

     (i) Any lack of validity or enforceability of this Agreement, any of the other Credit
Documents or any documents or instruments relating to any Letter of Credit;

     (ii) Any change in the time, manner or place of payment of, or in any other term of,
all or any of the Obligations in respect of any Letter of Credit or any other amendment,
modification or waiver of or any consent to departure from any Letter of Credit or any
documents or instruments relating thereto, in each case whether or not the Borrower has
notice or knowledge thereof;

     (iii) The existence of any claim, setoff, defense or other right that the Borrower may
have at any time against a beneficiary named in a Letter of Credit, any transferee of any
Letter of Credit (or any Person for whom any such transferee may be acting), the
Administrative Agent, the Issuing Lender, any Lender or other Person, whether in connection
with this Agreement, any Letter of Credit, the transactions contemplated
hereby or any unrelated transactions (including any underlying transaction between the
Borrower and the beneficiary named in any such Letter of Credit);

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     (iv) Any draft, certificate or any other document presented under the Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement
therein being untrue or inaccurate in any respect (provided that such draft, certificate or
other document appears on its face to comply with the terms of such Letter of Credit), any
errors, omissions, interruptions or delays in transmission or delivery of any messages, by
mail, telecopier or otherwise, or any errors in translation or in interpretation of
technical terms;

     (v) Any defense based upon the failure of any drawing under a Letter of Credit to
conform to the terms of the Letter of Credit (provided that any draft, certificate or other
document presented pursuant to such Letter of Credit appears on its face to comply with the
terms thereof), any nonapplication or misapplication by the beneficiary or any transferee of
the proceeds of such drawing or any other act or omission of such beneficiary or transferee
in connection with such Letter of Credit;

     (vi) The exchange, release, surrender or impairment of any collateral or other security
for the Obligations;

     (vii) The occurrence of any Default or Event of Default; or

     (viii) Any other circumstance or event whatsoever, including, without limitation, any
other circumstance that might otherwise constitute a defense available to, or a discharge
of, the Borrower or a Guarantor.

Any action taken or omitted to be taken by the Issuing Lender under or in connection with any
Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct,
shall be binding upon the Borrower and each Lender and shall not create or result in any liability
of the Issuing Lender to the Borrower or any Lender. It is expressly understood and agreed that,
for purposes of determining whether a wrongful payment under a Letter of Credit resulted from the
Issuing Lender’s gross negligence or willful misconduct, (i) the Issuing Lender’s acceptance of
documents that appear on their face to comply with the terms of such Letter of Credit, without
responsibility for further investigation, regardless of any notice or information to the contrary,
(ii) the Issuing Lender’s exclusive reliance on the documents presented to it under such Letter of
Credit as to any and all matters set forth therein, including the amount of any draft presented
under such Letter of Credit, whether or not the amount due to the beneficiary thereunder equals the
amount of such draft and whether or not any document presented pursuant to such Letter of Credit
proves to be insufficient in any respect (so long as such document appears on its face to comply
with the terms of such Letter of Credit), and whether or not any other statement or any other
document presented pursuant to such Letter of Credit proves to be forged or invalid or any
statement therein proves to be inaccurate or untrue in any respect whatsoever, and (iii) any
noncompliance in any immaterial respect of the documents presented under such Letter of Credit with
the terms thereof shall, in each case, be deemed not to constitute gross negligence or willful
misconduct of the Issuing Lender.

     (h) Cash Collateral Account. At any time and from time to time (i) after the
occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at
the direction or with the consent of the Required Revolving Lenders shall, require the

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Borrower to
deliver to the Administrative Agent such additional amount of cash as is equal to 100% of the
aggregate Stated Amount of all Letters of Credit at any time outstanding (whether or not any
beneficiary under any Letter of Credit shall have drawn or be entitled at such time to draw
thereunder) and (ii) in the event of a prepayment under Section 2.6(c), the Administrative Agent
will retain such amount as may then be required to be retained, such amounts to be held by the
Administrative Agent in a cash collateral account (the “Cash Collateral Account”). The
Borrower hereby grants to the Administrative Agent, for the benefit of the Issuing Lender and the
Lenders, a Lien upon and security interest in the Cash Collateral Account and all amounts held
therein from time to time as security for Letter of Credit Exposure, and for application to the
Borrower’s Reimbursement Obligations as and when the same shall arise. The Administrative Agent
shall have exclusive dominion and control, including the exclusive right of withdrawal, over such
account. Other than any interest on the investment of such amounts in Cash Equivalents, which
investments shall be made at the direction of the Borrower (unless a Default or Event of Default
shall have occurred and be continuing, in which case the determination as to investments shall be
made at the option and in the discretion of the Administrative Agent), amounts in the Cash
Collateral Account shall not bear interest. Interest and profits, if any, on such investments
shall accumulate in such account. In the event of a drawing, and subsequent payment by the Issuing
Lender, under any Letter of Credit at any time during which any amounts are held in the Cash
Collateral Account, the Administrative Agent will deliver to the Issuing Lender an amount equal to
the Reimbursement Obligation created as a result of such payment (or, if the amounts so held are
less than such Reimbursement Obligation, all of such amounts) to reimburse the Issuing Lender
therefor. Any amounts remaining in the Cash Collateral Account (including interest) after the
expiration of all Letters of Credit and reimbursement in full of the Issuing Lender for all of its
obligations thereunder shall be held by the Administrative Agent, for the benefit of the Borrower,
to be applied against the Obligations in such order and manner as the Administrative Agent may
direct. If the Borrower is required to provide cash collateral pursuant to Section 2.6(c), such
amount (including interest), to the extent not applied as aforesaid, shall be returned to the
Borrower on demand, provided that after giving effect to such return (i) the Aggregate
Revolving Credit Exposure would not exceed the aggregate Revolving Credit Commitments at such time
and (ii) no Default or Event of Default shall have occurred and be continuing at such time. If the
Borrower is required to provide cash collateral as a result of an Event of Default, such amount (to
the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days
after all Events of Default have been cured or waived.

     (i) The Issuing Lender. The Issuing Lender shall act on behalf of the Lenders with
respect to any Letters of Credit issued by it and the documents associated therewith, and the
Issuing Lender shall have all of the rights, benefits and immunities (a) provided to the
Administrative Agent in Article IX with respect to any acts taken or omissions suffered by it in
connection with Letters of Credit issued by it or proposed to be issued by it and any documents
pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in
Article IX included the Issuing Lender with respect to such acts or omissions, and (b) as
additionally provided herein with respect to the Issuing Lender.

     (j) Effectiveness. Notwithstanding any termination of the Revolving Credit
Commitments or repayment of the Loans, or both, the obligations of the Borrower under this Section
2.19 shall remain in full force and effect until the Issuing Lender and the Revolving

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Credit
Lenders shall have no further obligations to make any payments or disbursements under any
circumstances with respect to any Letter of Credit.

     2.20 Defaulting Lenders. Notwithstanding anything contained in this Agreement to the contrary,
in the event that any Lender becomes a Defaulting Lender due to its failure to fund any Revolving
Loan (including, without limitation, any Revolving Loan made for the purpose of repaying Refunded
Swingline Loans pursuant to Section 2.2(e) or for the purpose of paying unpaid Reimbursement
Obligations pursuant to Section 2.19(e)), or any participation interest in Letters of Credit or
Swingline Loans, requested and permitted to be made hereunder in accordance with the terms hereof
(each, a “Funding Default”), then to the extent permitted by applicable law, until such
time as each such Funding Default has been cured, (i) any prepayment of the Revolving Loans shall,
if the Borrower so directs at the time of making such prepayment, be applied to the Revolving Loans
of other Lenders as if such Defaulting Lender had no Revolving Loans outstanding and the Revolving
Credit Exposure of such Defaulting Lender was zero; (ii) such Defaulting Lender shall not be
entitled to receive any commitment fee or letter of credit fee pursuant to Section 2.9; and (iii)
the Aggregate Revolving Credit Exposure as at any date of determination shall be calculated as if
no Funding Default shall exist. No Revolving Credit Commitment of any Lender shall be increased or
otherwise affected, and, except as otherwise expressly provided in this Section 2.20, performance
by the Borrower of its obligations hereunder and the other Credit Documents shall not be excused or
otherwise modified as a result of any Funding Default or the operation of this Section 2.20. The
rights and remedies against a Defaulting Lender under this Section 2.20 are in addition to other
rights and remedies which the Borrower may have against such Defaulting Lender with respect to any
Funding Default and which Administrative Agent or any Lender may have against such Defaulting
Lender with respect to any Funding Default.

ARTICLE III

CONDITIONS OF BORROWING

     3.1 Conditions of Initial Borrowing. The obligation of each Lender to make Loans in
connection with the initial Borrowing hereunder is subject to the satisfaction of the following
conditions precedent:

     (a) The Administrative Agent shall have received the following, each of which shall be
originals or telecopies or in an electronic format acceptable to the Administrative Agent (followed
promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer
of the applicable Credit Party, each dated as of the Closing Date (or, in the case of certificates
of governmental officials, a recent date prior to the Closing Date) and each in a form and
substance reasonably satisfactory to the Administrative Agent and each of the Lenders:

     (i) executed counterparts of this Agreement in such number of copies as the
Administrative Agent shall have required;

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     (ii) to the extent requested by any Lender in accordance with Section 2.4(d), a Note or
Notes for such Lender, in each case duly completed in accordance with the provisions of
Section 2.4(d) and executed by the Borrower;

     (iii) the Guaranty, duly completed and executed by each Wholly-Owned Subsidiary (other
than any Foreign Subsidiary to the extent (and for as long as) doing so would cause adverse
tax or regulatory consequences to the Borrower);

     (iv) if any LIBOR Loans are to be borrowed prior to the 3rd Business Day
after the Closing Date, the Administrative Agent shall have received, 3 days prior to the
date such LIBOR Loans are to be borrowed, a pre-funding LIBOR indemnity letter from the
Borrower and a completed Notice of Borrowing;

     (v) a certificate, signed by an Authorized Officer of the Borrower, certifying that (i)
all representations and warranties of the Credit Parties contained in this Agreement and the
other Credit Documents qualified as to materiality shall be true and correct and those not
so qualified shall be true and correct in all material respects, in each case as of the
Closing Date, both immediately before and after giving effect to the transactions
contemplated hereby, the making of the initial Loans and the application of the proceeds
thereof (except to the extent any such representation or warranty is expressly stated to
have been made as of a specific date, in which case such representation or warranty shall be
true and correct as of such date), (ii) no Default or Event of Default has occurred and is
continuing, both immediately before and after giving effect to the transactions contemplated
hereby, the making of the initial Loans and the application of the proceeds thereof, (iii)
both immediately before and after giving effect to the transactions contemplated hereby, the
making of the initial Loans and the application of the proceeds thereof, no Material Adverse
Effect has occurred since December 31, 2008, and there exists no event, condition or state
of facts that could reasonably be expected to result in a Material Adverse Effect, and (iv)
all conditions to the initial extensions of credit hereunder set forth in this Section 3.1
and in Section 3.2 have been satisfied or waived as required hereunder;

     (vi) a certificate of the secretary or an assistant secretary of each Credit Party
executing any Credit Documents as of the Closing Date, certifying (i) that attached thereto
is a true and complete copy of the articles or certificate of incorporation, certificate of
formation or other organizational document and all amendments thereto of such Credit Party,
certified as of a recent date by the Secretary of State (or comparable Governmental
Authority) of its jurisdiction of organization, and that the same has not been amended since
the date of such certification, (ii) that attached thereto is a true and complete copy of
the bylaws, operating agreement or similar governing document of such Credit Party, as then
in effect and as in effect at all times from the date on which the resolutions referred to
in clause (iii) below were adopted to and including the date of such certificate, and (iii)
that attached thereto is a true and complete copy of resolutions adopted by the board of
directors (or similar governing body) of such Credit Party,
authorizing the execution, delivery and performance of this Agreement and the other
Credit Documents to which it is a party, and as to the incumbency and genuineness of the

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signature of each officer of such Credit Party executing this Agreement or any of such other
Credit Documents, and attaching all such copies of the documents described above;

     (vii) a certificate as of a recent date of the good standing of each Credit Party
executing any Credit Documents as of the Closing Date, under the laws of its jurisdiction of
organization, from the Secretary of State (or comparable Governmental Authority) of such
jurisdiction; and

     (viii) a Financial Conditions Certificate executed by the chief financial officer of
the Borrower containing the copies of the financial statements referred to in Section 4.11
and confirming that, as of the Closing Date, after giving effect to the consummation of the
transactions contemplated hereby, the Borrower and its Subsidiaries on a consolidated basis
are solvent.

     (b) All approvals, permits and consents of any Governmental Authorities, any Self-Regulatory
Organizations, or other Persons required in connection the consummation of any of the transactions
contemplated hereby shall have been obtained, without the imposition of conditions that are
materially adverse to the Administrative Agent or the Lenders; all applicable waiting periods shall
have expired without any adverse action being taken or threatened by any Governmental Authority or
Self-Regulatory Organization having jurisdiction; and no action, proceeding, investigation,
regulation or legislation shall have been instituted, threatened or proposed before, and no order,
injunction or decree shall have been entered by, any court or other Governmental Authority or any
Self-Regulatory Organization, in each case to enjoin, restrain or prohibit, to obtain substantial
damages in respect of, or to impose materially adverse conditions upon, this Agreement, any of the
other Credit Documents or the consummation of the transactions contemplated hereby or that could
reasonably be expected to have a Material Adverse Effect.

     (c) The Borrower shall have (i) amended its existing Credit Agreement, dated as of January 12,
2007, as amended by the First Amendment to Credit Agreement dated as of August 24, 2007 and the
Second Amendment to Credit Agreement dated as of June 13, 2008, with Wachovia, as administrative
agent, BofA, as syndication agent and the lenders party thereto (the “Existing Credit
Facility”) to (x) permit the consummation of the transactions contemplated hereby, (y)
terminate the revolving credit commitments of the lenders thereunder, and (z) make certain other
amendments thereto requested by the Borrower and reasonably satisfactory to the Administrative
Agent and (ii) complied with all terms and conditions in the definitive documentation of such
amendment.

     (d) Concurrently with the making of the initial Loans hereunder, (i) all principal, interest
and other amounts outstanding under the Borrower’s existing Credit Agreement, dated as of June 27,
2008, with Wachovia, as administrative agent, BofA, as syndication agent and the lenders party
thereto (the “Terminating Liquidity Credit Facility”), and (ii) all commitments to extend
credit under the agreements and instruments relating to the Terminating Liquidity Facility and all
guarantees relating thereto shall be terminated; and the Administrative Agent shall have received
evidence of the foregoing satisfactory to it.

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     (e) Concurrently with the making of the initial Loans hereunder, the Borrower shall have
entered into the Credit Agreement, dated as of the date hereof, with Wachovia, as administrative
agent, BofA, as syndication agent and the lenders party thereto (the “New Liquidity
Facility”), providing for a 364-day revolving credit facility in the aggregate principal amount
of $300,000,000.

     (f) Since December 31, 2008, both immediately before and after giving effect to the
transactions contemplated hereby, there shall not have occurred (i) a Material Adverse Effect or
(ii) any event, condition or state of facts that could reasonably be expected to have a Material
Adverse Effect.

     (g) The Borrower shall have paid (i) to the Arrangers, the fees required under the Joint Fee
Letter to be paid to them on the Closing Date, in the amounts due and payable on the Closing Date
as required by the terms thereof, (ii) to the Administrative Agent, the initial payment of the
annual administrative fee described in the Wachovia Fee Letter, and (iii) all other fees and
reasonable expenses of the Arrangers, the Administrative Agent and the Lenders required hereunder
or under any other Credit Document to be paid on or prior to the Closing Date (including reasonable
fees and expenses of counsel) in connection with this Agreement and the other Credit Documents.

     (h) The Administrative Agent shall have received an Account Designation Letter, together with
written instructions from an Authorized Officer of the Borrower, including wire transfer
information, directing the payment of the proceeds of the initial Loans to be made hereunder.

     (i) Each of the Administrative Agent and each Lender shall have received such other documents,
certificates, opinions and instruments in connection with the transactions contemplated hereby as
it shall have reasonably requested (including but not limited to legal opinions of counsel to the
Borrower and its Subsidiaries).

     3.2 Conditions of All Borrowings. The obligation of each Lender to make any Loans
hereunder, including the initial Loans (but excluding Revolving Loans made for the purpose of
repaying Refunded Swingline Loans pursuant to Section 2.2(e) or for the purpose of paying unpaid
Reimbursement Obligations pursuant to Section 2.19(e)), and the obligation of the Issuing Lender to
issue any Letters of Credit hereunder, is subject to the satisfaction of the following conditions
precedent on the relevant Borrowing Date:

     (a) The Administrative Agent shall have received a Notice of Borrowing in accordance with
Section 2.2(b), or (together with the Swingline Lender) a Notice of Swingline Borrowing in
accordance with Section 2.2(d) or (together with the Issuing Lender) a Letter of Credit Notice in
accordance with Section 2.19(b), as applicable;

     (b) Each of the representations and warranties contained in Article IV and in the other Credit
Documents qualified as to materiality shall be true and correct and those not so qualified shall be
true and correct in all material respects, in each case on and as of such Borrowing Date (including
the Closing Date, in the case of the initial Loans made hereunder) or
such date of issuance of a Letter of Credit with the same effect as if made on and as of such
date,

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both immediately before and after giving effect to the Loans to be made or Letter of Credit
to be issued on such date (except to the extent any such representation or warranty is expressly
stated to have been made as of a specific date, in which case such representation or warranty shall
be true and correct as of such date); and

     (c) No Default or Event of Default shall have occurred and be continuing on such date, both
immediately before and after giving effect to the Loans to be made or Letter of Credit to be issued
on such date.

Each giving of a Notice of Borrowing, a Notice of Swingline Borrowing or a Letter of Credit Notice,
and the consummation of each Borrowing or issuance of a Letter of Credit, shall be deemed to
constitute a representation by the Borrower that the statements contained in Sections 3.2(b) and
3.2(c) are true, both as of the date of such notice or request and as of the relevant Borrowing
Date or date of issuance.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

     To induce the Administrative Agent and the Lenders to enter into this Agreement and to induce
the Lenders to extend the credit contemplated hereby, the Borrower represents and warrants to the
Administrative Agent and the Lenders as follows:

     4.1 Corporate Organization and Power. Each Credit Party (i) is a corporation or a limited
liability company duly organized or formed, validly existing and in good standing under the laws of
the jurisdiction of its incorporation or formation, as the case may be (which jurisdictions, as of
the Closing Date, are set forth on Schedule 4.1), (ii) has the full corporate or limited liability
company power and authority to execute, deliver and perform the Credit Documents to which it is or
will be a party, to own and hold its property and to engage in its business as presently conducted,
and (iii) is duly qualified to do business as a foreign corporation or limited liability company
and is in good standing in each jurisdiction where the nature of its business or the ownership of
its properties requires it to be so qualified, except where the failure to be so qualified,
individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect.

     4.2 Authorization; Enforceability. Each Credit Party has taken all necessary corporate or
limited liability action, as applicable, to execute, deliver and perform each of the Credit
Documents to which it is a party, and has (or on any later date of execution and delivery will
have) validly executed and delivered each of the Credit Documents to which it is a party. This
Agreement constitutes, and each of the other Credit Documents upon execution and delivery will
constitute, the legal, valid and binding obligation of each Credit Party that is a party hereto or
thereto, enforceable against it in accordance with its terms, except as enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
creditors’ rights generally, by general
equitable principles or by principles of good faith and fair dealing (regardless of whether
enforcement is sought in equity or at law).

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     4.3 No Violation. The execution, delivery and performance by each Credit Party of each of
the Credit Documents to which it is a party, and compliance by it with the terms hereof and
thereof, do not and will not (i) violate any provision of its articles or certificate of
incorporation or formation, its bylaws or operating agreement, or other applicable formation or
organizational documents, (ii) contravene any other Requirement of Law applicable to it, (iii)
conflict with, result in a breach of or constitute (with notice, lapse of time or both) a default
under any indenture, mortgage, lease, agreement, contract or other instrument to which it is a
party, by which it or any of its properties is bound or to which it is subject, or (iv) result in
or require the creation or imposition of any Lien, other than a Permitted Lien, upon any of its
properties, revenues or assets; except, in the case of clauses (ii) and (iii) above, where such
violations, conflicts, breaches or defaults, individually or in the aggregate, could not reasonably
be expected to have a Material Adverse Effect.

     4.4 Governmental and Third-Party Authorization; Permits. No consent, approval,
authorization or other action by, notice to, or registration or filing with, any Governmental
Authority, Self-Regulatory Organization, or other Person is required as a condition to or otherwise
in connection with the due execution, delivery and performance by each Credit Party of this
Agreement or any of the other Credit Documents to which it is a party or the legality, validity or
enforceability hereof or thereof, other than (i) consents, authorizations and filings that have
been made or obtained and that are in full force and effect, which consents, authorizations and
filings are listed on Schedule 4.4, and (ii) consents and filings the failure to obtain or make
which, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect. Each Credit Party has, and is in good standing with respect to, all governmental
approvals, licenses, permits and authorizations necessary to conduct its business as presently
conducted and to own or lease and operate its properties, except for those the failure to obtain
which, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect.

     4.5 Litigation. Except as set forth on Schedule 4.5, there are no actions,
investigations, suits or proceedings pending or, to the knowledge of the Borrower, threatened, at
law, in equity or in arbitration, before any court, other Governmental Authority, Self-Regulatory
Organization, arbitrator or other Person, (i) against or affecting any of the Credit Parties or any
of their respective properties that, if adversely determined, could reasonably be expected to have
a Material Adverse Effect, or (ii) with respect to this Agreement, any of the other Credit
Documents or any of the other transactions contemplated hereby or thereby.

     4.6 Taxes. Each of the Borrower and its Subsidiaries has timely filed all federal, state,
local and foreign tax returns and reports required to be filed by it and has paid, prior to the
date on which
penalties would attach thereto or a Lien would attach to any of its properties if unpaid, all
taxes, assessments, fees and other charges levied upon it or upon its properties that are shown
thereon as due and payable, other than those that are not yet delinquent or that are being
contested in good faith and by proper proceedings and for which adequate reserves have been
established in accordance with GAAP. Such returns accurately reflect in all material respects all
liability for taxes of the Borrower and its Subsidiaries for the periods covered thereby. As of
the Closing Date, there is no ongoing audit or examination or, to the knowledge of the Borrower,
other investigation by any Governmental Authority of the tax liability of any of the Borrower or
its Subsidiaries, and there is no material unresolved claim by any Governmental

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Authority
concerning the tax liability of the Borrower or any of its Subsidiaries for any period for which
tax returns have been or were required to have been filed, other than unsecured claims for which
adequate reserves have been established in accordance with GAAP. As of the Closing Date, neither
the Borrower nor any of its Subsidiaries has waived or extended or has been requested to waive or
extend the statute of limitations relating to the payment of any taxes.

     4.7 Subsidiaries. Schedule 4.7 sets forth a list, as of the Closing Date, of all of the
Subsidiaries of the Borrower and as to each such Subsidiary, the percentage ownership (direct and
indirect) of the Borrower in each class of its Capital Stock and each direct owner thereof.

     4.8 Full Disclosure. All factual information heretofore, contemporaneously or hereafter
furnished in writing to the Administrative Agent, any Arranger or any Lender by or on behalf of any
Credit Party pursuant to this Agreement or the other Credit Documents is or will be true and
accurate in all material respects on the date as of which such information is dated or certified
(or, if such information has been updated, amended or supplemented, on the date as of which any
such update, amendment or supplement is dated or certified) and not made incomplete by omitting to
state a material fact necessary to make the statements contained herein and therein, in light of
the circumstances under which such information was provided, not misleading; provided that,
with respect to projections, budgets and other estimates, except as specifically represented in
Section 4.11(b), the Borrower represents only that such information was prepared in good faith
based upon assumptions believed to be reasonable at the time. As of the Closing Date, there is no
fact known to any Credit Party that has, or could reasonably be expected to have, a Material
Adverse Effect, which fact has not been set forth herein, in the consolidated financial statements
of the Borrower and its Subsidiaries furnished to the Administrative Agent and/or the Lenders, or
in any certificate, opinion or other written statement made or furnished by the Borrower to the
Administrative Agent and/or the Lenders.

     4.9 Margin Regulations. No Credit Party is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose of purchasing or carrying
Margin Stock. No proceeds of the Loans will be used, directly or indirectly, to purchase or carry
any Margin Stock, to extend credit for such purpose or for any other purpose, in each case that
would violate or be inconsistent with Regulations T, U or X or any provision of the Exchange Act.

     4.10 No Material Adverse Effect. There has been no Material Adverse Effect since December
31, 2008 and there exists no event, condition or state of facts that could reasonably be expected
to result in a Material Adverse Effect.

     4.11 Financial Matters.

     (a) The Borrower has heretofore furnished to the Administrative Agent copies of the audited
consolidated balance sheets of the Borrower and its Subsidiaries, for the 2008 and 2007 fiscal
years, in each case with the related statements of income, stockholders’ equity, comprehensive
income and cash flows for the fiscal years then ended, together with the opinions of Ernst & Young
LLP thereon. Such financial statements have been prepared in accordance with GAAP and present
fairly in all material respects the financial condition of the Borrower and its Subsidiaries on a
consolidated basis as of the respective dates thereof and the results of

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operations of the Borrower
and its Subsidiaries on a consolidated basis for the respective periods then ended. Except as
fully reflected in the most recent financial statements referred to above and the notes thereto,
there are no material liabilities or obligations with respect to the Borrower and its Subsidiaries
of any nature whatsoever (whether absolute, contingent or otherwise and whether or not due) that
are required in accordance with GAAP to be reflected in such financial statements and that are not
so reflected.

     (b) The Borrower has prepared, and has heretofore furnished to the Administrative Agent a copy
of, projected consolidated balance sheets and statements of income and cash flows of the Borrower
and its Subsidiaries prepared on an annual basis through the end of fiscal year 2012, giving effect
to the initial extensions of credit made under this Agreement, the payment of transaction fees and
expenses related to the foregoing and the consummation of the other transactions contemplated
hereby (the “Projections”). In the good faith opinion of management of the Borrower, the
assumptions used in the preparation of the Projections were fair, complete and reasonable when made
and continue to be fair, complete and reasonable as of the date hereof. The Projections have been
prepared in good faith by the executive and financial personnel of the Borrower, are complete and
represent a reasonable estimate of the future performance and financial condition of the Borrower
and its Subsidiaries, subject to the uncertainties and approximations inherent in any projections.

     (c) After giving effect to the consummation of the transactions contemplated hereby, each
Credit Party (i) has capital sufficient to carry on its businesses as conducted and as proposed to
be conducted, (ii) has assets with a fair saleable value, determined on a going concern basis,
which are (y) not less than the amount required to pay the probable liability on its existing debts
as they become absolute and matured and (z) greater than the total amount of its liabilities
(including identified contingent liabilities, valued at the amount that can reasonably be expected
to become absolute and matured in their ordinary course), and (iii) does not intend to, and does
not believe that it will, incur debts or liabilities beyond its ability to pay such debts and
liabilities as they mature in their ordinary course.

     (d) Since December 31, 2008, there has not been an occurrence of a “material weakness” (as
defined in statement on Auditing Standards No. 60) in, or fraud that involves
management or other employees who have a significant role in, the Borrower’s internal controls
over financial reporting, in each case as described in Section 404 of the Sarbanes-Oxley Act of
2002 and all rules and regulations promulgated thereunder and the accounting and auditing
principles, rules, standards and practices promulgated or approved with respect thereto, in each
case that could reasonably be expected to have a Material Adverse Effect.

     (e) Neither (i) the board of directors of the Borrower, a committee thereof or an authorized
officer of the Borrower has concluded that any financial statement previously furnished to the
Administrative Agent should no longer be relied upon because of an error, nor (ii) has the Borrower
been advised by its auditors that a previously issued audit report or interim review cannot be
relied on.

     4.12 Ownership of Properties. Each of the Borrower and its Subsidiaries (i) has good and
marketable title to all real property owned by it, (ii) holds interests as lessee under valid
leases in full force and effect with respect to all material leased real and personal property used

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in connection with its business, and (iii) has good title to all of its other material properties
and assets reflected in the most recent financial statements referred to in Section 4.11(a) (except
as sold or otherwise disposed of since the date thereof in the ordinary course of business), in
each case free and clear of all Liens other than Permitted Liens.

     4.13 ERISA.

     (a) Each Credit Party and its ERISA Affiliates is in compliance with the applicable provisions
of ERISA, and each Plan is and has been administered in compliance with all applicable Requirements
of Law, including, without limitation, the applicable provisions of ERISA and the Code, in each
case except where the failure so to comply, individually or in the aggregate, could not reasonably
be expected to have a Material Adverse Effect. No ERISA Event (i) has occurred within the five (5)
year period prior to the Closing Date, (ii) has occurred and is continuing, or (iii) to the
knowledge of the Borrower, is reasonably expected to occur with respect to any Plan. No Plan has
any Unfunded Pension Liability as of the most recent annual valuation date applicable thereto, and
no Credit Party or any of its ERISA Affiliates has engaged in a transaction that could be subject
to Section 4069 or 4212(c) of ERISA.

     (b) No Credit Party or any of its ERISA Affiliates has any outstanding liability on account of
a complete or partial withdrawal from any Multiemployer Plan, and no Credit Party or any of its
ERISA Affiliates would become subject to any liability under ERISA if any such Credit Party or
ERISA Affiliate were to withdraw completely from all Multiemployer Plans as of the most recent
valuation date. No Multiemployer Plan is in “reorganization” or is “insolvent” within the meaning
of such terms under ERISA.

     4.14 Environmental Matters. Neither the Borrower nor any of its Subsidiaries is involved
in any suit, action or proceeding, or has received any notice, complaint or other request for
information from any Governmental Authority or other Person, with respect to any actual or alleged
Environmental
Claims, and to the knowledge of the Borrower, there are no threatened Environmental Claims,
nor any basis therefor.

     4.15 Compliance with Laws. Each of the Borrower and its Subsidiaries has timely filed all
material reports, documents and other materials required to be filed by it under all applicable
Requirements of Law with any Governmental Authority, has retained all material records and
documents required to be retained by it under all applicable Requirements of Law, and is otherwise
in compliance with all applicable Requirements of Law in respect of the conduct of its business and
the ownership and operation of its properties, including without limitation, the applicable rules
of any Self-Regulatory Organization, except in each case to the extent that the failure to comply
therewith, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect.

     4.16 Intellectual Property. Each of the Borrower and its Subsidiaries owns, or has the
legal right to use, all Intellectual Property necessary for it to conduct its business as currently
conducted. No claim has been asserted or is pending by any Person challenging or questioning the
use of any such Intellectual Property or the validity or effectiveness of any such Intellectual
Property, nor does the Borrower know of any such claim, and to the knowledge of the Borrower, the
use of such Intellectual Property by any Credit Party does not infringe on the known rights of

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any
Person, except for such claims and infringements that, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect.

     4.17 Regulated Industries. No Credit Party is an “investment company,” a company
“controlled” by an “investment company,” or an “investment advisor,” within the meaning of the
Investment Company Act of 1940, as amended.

     4.18 Insurance. The assets, properties and business of the Borrower and its Subsidiaries
are insured against such hazards and liabilities, under such coverages and in such amounts, as are
customarily maintained by prudent companies similarly situated and under policies issued by
insurers of recognized responsibility.

     4.19 Material Contracts. Schedule 4.19 lists, as of the Closing Date, each “material contract” (within the meaning
of Item 601(b)(10) of Regulation S-K under the Securities Act) to which the Borrower or any of its
Subsidiaries is a party, by which the Borrower or any of its Subsidiaries or its properties is
bound or to which the Borrower or any of its Subsidiaries is subject (collectively, “Material
Contracts”), and also indicates the parties thereto. As of the Closing Date, (i) each Material
Contract is in full force and effect and is enforceable by each of the Borrower and its
Subsidiaries that is a party thereto in accordance with its terms, except as enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
creditors’ rights generally, by general or equitable principles or by principles of good faith and
fair dealing, and (ii) neither the Borrower nor any of its Subsidiaries or, to the knowledge of the
Borrower, any other party thereto is in breach of or default under any Material Contract in any
material respect or has given notice of termination or cancellation of any Material Contract.

     4.20 No Burdensome Restrictions. No Credit Party is subject to any charter or corporate restriction or any provision of any
applicable Requirement of Law that, individually or in the aggregate, could reasonably be expected
to have a Material Adverse Effect.

     4.21 OFAC; Anti-Terrorism Laws.

     (a) No Credit Party or any Affiliate of any Credit Party (i) is a Sanctioned Person, (ii) has
more than 15% of its assets in Sanctioned Countries, or (iii) derives more than 15% of its
operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned
Countries. No part of the proceeds of any Loan hereunder will be used directly or indirectly to
fund any operations in, finance any investments or activities in or make any payments to, a
Sanctioned Person or a Sanctioned Country.

     (b) Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate
the PATRIOT Act, the Trading with the Enemy Act, as amended, or any of the foreign assets control
regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or
any enabling legislation or executive order relating thereto. The Credit Parties are in compliance
in all material respects with the PATRIOT Act.

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ARTICLE V

AFFIRMATIVE COVENANTS

     The Borrower covenants and agrees that, until the termination of the Commitments, the
termination or expiration of all Letters of Credit and the payment in full in cash of all principal
and interest with respect to the Loans and all Reimbursement Obligations together with all fees,
expenses and other amounts then due and owing hereunder:

     5.1 Financial Statements. The Borrower will deliver to the Administrative Agent on
behalf of the Lenders:

     (a) As soon as available and in any event within forty-five (45) days (or, if earlier and if
applicable to the Borrower, the quarterly report deadline under the Exchange Act rules and
regulations) after the end of each of the first three fiscal quarters of each fiscal year,
beginning with the first fiscal quarter of fiscal year 2009, unaudited consolidated and
consolidating balance sheets of the Borrower and its Subsidiaries as of the end of such fiscal
quarter and unaudited consolidated and consolidating statements of income, cash flows and
stockholders’ equity for the Borrower and its Subsidiaries for the fiscal quarter then ended and
for that portion of the fiscal year then ended, in each case setting forth comparative consolidated
figures as of the end of and for the corresponding period in the preceding fiscal year together
with comparative budgeted figures for the fiscal period then ended, all in reasonable detail and
prepared in accordance with GAAP (subject to the absence of notes required by GAAP and subject to
normal year-end adjustments) applied on a basis consistent with that of the preceding quarter or
containing disclosure of the effect on the financial condition or results of operations of any
change in the application of accounting principles and practices during such quarter; and

     (b) As soon as available and in any event within ninety (90) days (or, if earlier and if
applicable to the Borrower, the annual report deadline under the Exchange Act rules and
regulations) after the end of each fiscal year, beginning with fiscal year 2009, an audited
consolidated and unaudited consolidating balance sheet of the Borrower and its Subsidiaries as of
the end of such fiscal year and the related audited consolidated and unaudited consolidating
statements of income, cash flows and stockholders’ equity for the Borrower and its Subsidiaries for
the fiscal year then ended, including the notes thereto, in each case setting forth comparative
consolidated figures as of the end of and for the preceding fiscal year together with comparative
budgeted figures for the fiscal year then ended, all in reasonable detail and (with respect to the
audited statements) certified by the independent certified public accounting firm regularly
retained by the Borrower or another independent certified public accounting firm of recognized
national standing reasonably acceptable to the Administrative Agent, together with (y) a report
thereon by such accountants that is not qualified as to going concern or scope of audit and to the
effect that such financial statements present fairly in all material respects the consolidated
financial condition and results of operations of the Borrower and its Subsidiaries as of the dates
and for the periods indicated in accordance with GAAP applied on a basis consistent with that of
the preceding year or containing disclosure of the effect on the financial condition or results of
operations of any change in the application of accounting principles and practices during such
year, and (z) a letter from such accountants to the effect that, based on and in connection
with their examination of the financial statements of the Borrower and its Subsidiaries, they
obtained

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no knowledge of the occurrence or existence of any Default or Event of Default relating to
accounting or financial reporting matters (which certificate may be limited to the extent required
by accounting rules or guidelines), or a statement specifying the nature and period of existence of
any such Default or Event of Default disclosed by their audit.

     (c) In the event that any financial statement or Compliance Certificate delivered pursuant to
Sections 5.2(a) or 5.2(b) is shown to be inaccurate (regardless of whether this Agreement or the
Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected,
would have led to the application of a higher Applicable Percentage for any period (an
“Applicable Period”) than the Applicable Percentage applied for such Applicable Period,
then (i) the Borrower shall immediately deliver to the Administrative Agent a correct Compliance
Certificate for such Applicable Period and (ii) the Borrower shall immediately pay to the
Administrative Agent the accrued additional interest owing as a result of such increased Applicable
Percentage for such Applicable Period, which payment shall be promptly applied by the
Administrative Agent in accordance with Section 2.12. This Section 5.1(c) shall not limit the
rights of the Administrative Agent and Lenders with respect to Sections 2.8(b) and 8.2.

Documents required to be delivered pursuant to Sections 5.1, 5.2(a), 5.2(b), 5.2(c) or 5.2(d) may
be delivered electronically and, if so delivered, shall be deemed to have been delivered on the
date (i) on which the Borrower provides notice to the Lenders that such information has been posted
on the Borrower’s website on the Internet at
http://ir.theice.com/sec.cfm, at
www.sec.gov/edgar/searchedgar/webusers.htm or at another website identified in such notice and
accessible by the Lenders without charge; or (ii) on which such documents are posted on the
Borrower’s behalf on SyndTrak or another relevant website, if any, to which each of the
Administrative Agent and each Lender has access; provided that (x) upon the request of the
Administrative Agent or any Lender lacking access to the internet or SyndTrak, the Borrower shall
deliver paper copies of such documents to the Administrative Agent or such Lender (until a written
request to cease delivering paper copies is given by the Administrative Agent or such Lender) and
(y) the Borrower shall notify (which may be by a facsimile or electronic mail) the Administrative
Agent and each Lender of the posting of any documents. The Administrative Agent shall have no
obligation to request the delivery of, or to maintain copies of, the documents referred to in the
proviso to the immediately preceding sentence or to monitor compliance by the Borrower with any
such request for delivery, and each Lender shall be solely responsible for requesting delivery to
it or maintaining its copies of such documents.

     5.2 Other Business and Financial Information. The Borrower will deliver to the
Administrative Agent and each Lender:

     (a) Concurrently with each delivery of the financial statements described in Sections 5.1(a)
and 5.1(b), a Compliance Certificate with respect to the period covered by the financial statements
being delivered thereunder, executed by a Financial Officer of the Borrower, together with a
Covenant Compliance Worksheet reflecting the computation of the financial covenants set forth in
Article VI as of the last day of the period covered by such financial statements;

     (b) As soon as available and in any event within thirty (30) days after the commencement of
each fiscal year, beginning with the 2010 fiscal year, a consolidated operating

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budget for the
Borrower and its Subsidiaries for such fiscal year (prepared on an annual basis), consisting of a
consolidated balance sheet and consolidated statements of income and cash flows, together with a
certificate of a Financial Officer of the Borrower to the effect that such budget has been prepared
in good faith and is a reasonable estimate of the financial position and results of operations of
the Borrower and its Subsidiaries for the period covered thereby; and as soon as available from
time to time thereafter, any modifications or revisions to or restatements of such budget;

     (c) Promptly upon receipt thereof, copies of any “management letter” submitted to any Credit
Party by its certified public accountants in connection with each annual, interim or special audit,
and promptly upon completion thereof, any response reports from such Credit Party in respect
thereof;

     (d) Promptly upon the sending, filing or receipt thereof, copies of (i) all financial
statements, reports, notices and proxy statements that any Credit Party shall send or make
available generally to its stockholders, (ii) all regular, periodic and special reports,
registration statements and prospectuses (other than on Form S-8) that any Credit Party shall
render to or file with the Securities and Exchange Commission, the National Association of
Securities Dealers, Inc. or any national securities exchange or Self-Regulatory Organization, and
(iii) all press releases and other statements made available generally by any Credit Party to the
public concerning material developments in the business of the Credit Parties; provided
that notwithstanding anything to the contrary included in Section 5.1, the Borrower shall be deemed
to have given notice to the Administrative Agent and each Lender of the posting on the Borrower’s
Internet website of the business and financial information set forth in clauses (i), (ii) or (iii)
of this Section 5.2(d) at the time such information is posted thereon and no further notice shall
be required to be provided by the Borrower to the Administrative Agent and the Lenders with respect
thereto;

     (e) Promptly upon (and in any event within five (5) Business Days after) any Responsible
Officer of any Credit Party obtaining knowledge thereof, written notice of any of the following:

     (i) the occurrence of any Default or Event of Default, together with a written
statement of a Responsible Officer of the Borrower specifying the nature of such Default or
Event of Default, the period of existence thereof and the action that the Borrower has taken
and proposes to take with respect thereto;

     (ii) the institution or threatened institution of any action, suit, investigation or
proceeding against or affecting the Borrower or any of its Subsidiaries, including any such
investigation or proceeding by any Governmental Authority or Self-Regulatory Organization
(other than routine periodic inquiries, investigations or reviews), that, if adversely
determined, could reasonably be expected, individually or in the aggregate, to have a
Material Adverse Effect, and any material adverse development in any litigation or other
proceeding previously reported pursuant to Section 4.5 or this Section 5.2(e)(ii);

     (iii) the receipt by the Borrower or any of its Subsidiaries from any Governmental
Authority or Self-Regulatory Organization of (A) any notice asserting any

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failure by such
Person to be in compliance with applicable Requirements of Law or that threatens the taking
of any action against such Person or sets forth circumstances that, if taken or adversely
determined, could reasonably be expected to have a Material Adverse Effect, or (B) any
notice of any actual or threatened suspension, limitation or revocation of, failure to
renew, or imposition of any restraining order, escrow or impoundment of funds in connection
with, the Borrower or any of its Subsidiaries, where such action could reasonably be
expected to have a Material Adverse Effect;

     (iv) the occurrence of any ERISA Event, together with (x) a written statement of a
Responsible Officer of the Borrower specifying the details of such ERISA Event and the
action that the applicable Person has taken and proposes to take with respect thereto, (y) a
copy of any notice with respect to such ERISA Event that may be required to be filed with
the PBGC and (z) a copy of any notice delivered by the PBGC to any Credit Party or an ERISA
Affiliate with respect to such ERISA Event;

     (v) the occurrence of any material default under, or any proposed or threatened
termination or cancellation of, any Material Contract (including without limitation, the
agreement between the Borrower and LCH.Clearnet for the provision of clearing services) or
other material contract or agreement to which the Borrower or any of its Subsidiaries is a
party, the default under or termination or cancellation of which could reasonably be
expected to have a Material Adverse Effect;

     (vi) the occurrence of any of the following: (y) the assertion of any Environmental
Claim against or affecting the Borrower or any of its Subsidiaries or any real property
leased, operated or owned by the Borrower or any of its Subsidiaries, or the Borrower or any
of its Subsidiaries’ discovery of a basis for any such Environmental Claim; or (z) the
receipt by the Borrower or any of its Subsidiaries of notice of any alleged violation of or
noncompliance with any Environmental Laws by the Borrower or any of its Subsidiaries or
release of any Hazardous Substance; but in each case under clauses (y) and (z) above, only
to the extent the same could reasonably be expected to have a Material Adverse Effect; and

     (vii) any other matter or event that has, or could reasonably be expected to have, a
Material Adverse Effect, together with a written statement of a Responsible Officer of the
Borrower setting forth the nature and period of existence thereof and the action that the
affected Persons have taken and propose to take with respect thereto.

     (f) As promptly as reasonably possible, such other information about the business, condition
(financial or otherwise), operations or properties of the Borrower or any of its Subsidiaries as
the Administrative Agent or any Lender may from time to time reasonably request.

     5.3 Compliance with All Material Contracts. The Borrower will, and will cause each of its Subsidiaries to, comply in all material
respects with each term, condition and provision of all Material Contracts.

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     5.4 Existence; Franchises; Maintenance of Properties. The Borrower will, and will
cause each of its Subsidiaries to, (i) maintain and preserve in full force and effect its legal
existence, except as expressly permitted otherwise by Section 7.1, (ii) obtain, maintain and
preserve in full force and effect all other rights, franchises, licenses, permits, certifications,
approvals and authorizations required by Governmental Authorities and Self-Regulatory Organizations
necessary to the ownership, occupation or use of its properties or the conduct of its business,
except to the extent the failure to do so could not reasonably be expected to have a Material
Adverse Effect, and (iii) keep all material properties in good working order and condition (normal
wear and tear and damage by casualty excepted) and from time to time make all necessary repairs to
and renewals and replacements of such properties, except to the extent that any of such properties
are obsolete or are being replaced or, in the good faith judgment of the Borrower, are no longer
useful or desirable in the conduct of the business of the Credit Parties.

     5.5 Use of Proceeds. The proceeds of the Loans shall be used (i) to pay or reimburse
permitted fees and expenses in connection with the transactions contemplated hereby, and (ii) to
provide for working capital and general corporate purposes and in accordance with the terms and
provisions of this Agreement (including, without limitation, to finance Permitted Acquisitions in
accordance with the terms and provisions of this Agreement).

     5.6 Compliance with Laws. The Borrower will, and will cause each of its Subsidiaries
to, comply in all respects with all Requirements of Law applicable in respect of the conduct of its
business and the ownership and operation of its properties, except to the extent the failure so to
comply could not reasonably be expected to have a Material Adverse Effect.

     5.7 Payment of Obligations. The Borrower will, and will cause each of its
Subsidiaries to, (i) pay, discharge or otherwise satisfy at or before maturity all liabilities and
obligations as and when due (subject to any applicable subordination, grace and notice provisions),
except to the extent failure to do so could not reasonably be expected to have a Material Adverse
Effect, and (ii) pay and discharge all taxes, assessments and governmental charges or levies
imposed upon it, upon its income or profits or upon any of its properties, prior to the date on
which penalties would attach thereto, and all lawful claims that, if unpaid, would become a Lien
(other than a Permitted Lien) upon any of the properties of any such Person; provided,
however, that no such Person shall be required to pay any such tax, assessment, charge,
levy or claim that is being contested in good faith and by proper proceedings and as to which such
Credit Party is maintaining adequate reserves with respect thereto in accordance with GAAP.

     5.8 Insurance. The Borrower will, and will cause each of its Subsidiaries to, maintain with financially
sound and reputable insurance companies insurance with respect to its assets, properties and
business, against such hazards and liabilities, of such types and in such amounts, as is
customarily maintained by companies in the same or similar businesses similarly situated.

     5.9 Maintenance of Books and Records; Inspection. The Borrower will, and will cause
each of its Subsidiaries to, (i) maintain adequate books, accounts and records, in which full, true
and correct entries shall be made of all financial transactions in relation to its business and
properties, and prepare all financial statements required under this Agreement, in each case

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in accordance with GAAP and in compliance with the requirements of any Governmental Authority or
Self-Regulatory Organization having jurisdiction over it, and (ii) permit employees or agents of
the Administrative Agent or any Lender to visit and inspect its properties and examine or audit its
books, records, working papers and accounts (except with respect to information which disclosure
thereof is prohibited pursuant to arrangements among ICE Futures Europe, the United Kingdom
Financial Services Authority, or other Governmental Authorities with jurisdiction over ICE Futures
Europe and ICE Futures Europe’s members), and make copies and memoranda of them, and to discuss its
affairs, finances and accounts with its officers and employees and, upon reasonable notice to the
Borrower, the independent public accountants of the Borrower and its Subsidiaries (and by this
provision the Borrower authorizes such accountants to discuss the finances and affairs of the
Borrower and its Subsidiaries), all at such times and from time to time, upon reasonable notice and
during business hours, as may be reasonably requested; provided however, that when
a Default or Event of Default exists the Administrative Agent may do any of the foregoing at the
expense of the Borrower at any time during normal business hours and without advance notice.

     5.10 Permitted Acquisitions. The Borrower shall comply with, and cause each other
applicable Credit Party to comply with, the following covenants:

     (a) Promptly after the consummation of any Permitted Acquisition or such later date reasonably
acceptable to the Administrative Agent, the Borrower shall have delivered to the Administrative
Agent the following (provided, however, that the delivery of the statements in
clause (iii) below shall be required only with respect to Permitted Acquisitions having an
Acquisition Amount exceeding $200,000,000):

     (i) a reasonably detailed description of the material terms of such Acquisition
(including, without limitation, the purchase price and method and structure of payment) and
of each Person or business that is the subject of such Acquisition (each, a
“Target”);

     (ii) to the extent available, audited historical financial statements of the Target
(or, if there are two or more Targets that are the subject of such Acquisition and that are
part of the same consolidated group, consolidated historical financial statements for all
such Targets) for the two (2) most recent fiscal years available, prepared by a firm of
independent certified public accountants, and (if available) unaudited financial statements
for any interim periods since the most recent fiscal year-end;

     (iii) consolidated projected income statements of the Borrower and its Subsidiaries
(giving effect to such Acquisition and the consolidation with the Borrower of each relevant
Target) for the one-year period (or, if available, such longer period up to three years)
following the consummation of such Acquisition, in reasonable detail, together with any
appropriate statement of assumptions and pro forma adjustments; and

     (iv) a certificate, in form and substance reasonably satisfactory to the Administrative
Agent, executed by a Financial Officer of the Borrower setting forth the Acquisition Amount
and further to the effect that, to the best of such Financial Officer’s knowledge, (y) the
consummation of such Acquisition has not resulted in a violation of any provision of this
Section 5.10 or any other provision of this Agreement, and (x) the

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requirements set forth in
Section 7.5 have been satisfied (with financial covenant calculations to be attached to the
certificate using the Covenant Compliance Worksheet).

     (b) As soon as reasonably practicable after the consummation of any such Acquisition, the
Borrower will deliver to the Administrative Agent true and correct copies of the fully executed
acquisition agreement (including schedules and exhibits thereto) and other material documents and
closing papers delivered in connection therewith.

     (c) The consummation of each Permitted Acquisition shall be deemed to be a representation and
warranty by the Borrower that (except as shall have been approved in writing by the Required
Lenders) all conditions thereto set forth in this Section 5.10 and in the description furnished
under Section 5.10(a)(i) have been satisfied, that the same is permitted in accordance with the
terms of this Agreement, and that the matters certified to by the Financial Officer of the Borrower
in the certificate referred to in Section 5.10(a)(iv) are, to the best of such Financial Officer’s
knowledge, true and correct in all material respects as of the date such certificate is given,
which representation and warranty shall be deemed to be a representation and warranty as of the
date thereof for all purposes hereunder, including, without limitation, for purposes of Sections
3.2 and 8.1.

     5.11 Creation or Acquisition of Subsidiaries. Subject to the provisions of Sections
5.10 and 7.5, the Borrower may from time to time create or acquire new Wholly Owned Subsidiaries in
connection with Permitted Acquisitions or otherwise, and the Wholly Owned Subsidiaries of the
Borrower may create or acquire new Wholly Owned Subsidiaries, provided that concurrently
with (and in any event within ten (10) Business Days after or such later time approved by the
Administrative Agent) the creation or direct or indirect acquisition thereof, each such new
Subsidiary will execute and deliver to the Administrative Agent a joinder to the Guaranty, pursuant
to which such new Subsidiary shall become a guarantor thereunder and shall guarantee the payment in
full of the Obligations of the Borrower under this Agreement and the other Credit Documents;
provided that no Foreign Subsidiary shall be required to provide a guaranty to the extent
(and for as long as) doing so would cause any adverse tax or regulatory consequences to the
Borrower, and provided further that for any Subsidiary created for the sole purpose of
making a Permitted Acquisition and so long as such Subsidiary has no assets, the Borrower shall not
be required to comply with this Section 5.11 until the consummation of such Permitted Acquisition.

     5.12 OFAC, PATRIOT Act Compliance. The Borrower will, and will cause each of its
Subsidiaries to, (i) refrain from doing business in a Sanctioned Country or with a Sanctioned
Person in violation of the economic sanctions of the United States administered by OFAC, and (ii)
provide, to the extent commercially reasonable, such information and take such actions as are
reasonably requested by the Administrative Agent or any Lender in order to assist the
Administrative Agent and the Lenders in maintaining compliance with the PATRIOT Act.

     5.13 Further Assurances. The Borrower will, and will cause each of its Subsidiaries
to, make, execute, endorse, acknowledge and deliver any amendments, modifications or supplements
hereto and restatements hereof and any other agreements, instruments or documents, and take any and
all such other actions, as may from time to time be reasonably requested by the Administrative
Agent or the Required Lenders to effect, confirm or further

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assure or protect and preserve the
interests, rights and remedies of the Administrative Agent and the Lenders under this Agreement and
the other Credit Documents.

ARTICLE VI

FINANCIAL COVENANTS

     The Borrower covenants and agrees that, until the termination of the Commitments, the
termination or expiration of all Letters of Credit and the payment in full in cash of all principal
and interest with respect to the Loans and all Reimbursement Obligations together with all fees,
expenses and other amounts then due and owing hereunder:

     6.1 Maximum Total Leverage Ratio. The Total Leverage Ratio as of the last day of any
fiscal quarter, beginning with the first fiscal quarter of 2009, shall not be greater than the
ratio of 2.50 to 1.00.

     6.2 Minimum Interest Coverage Ratio. The Interest Coverage Ratio as of the last day
of any fiscal quarter, beginning with the first fiscal quarter of 2009, shall not be less than 5.0
to 1.0.

ARTICLE VII

NEGATIVE COVENANTS

     The Borrower covenants and agrees that, until the termination of the Commitments, the
termination or expiration of all Letters of Credit and the payment in full in cash of all principal
and interest with respect to the Loans and all Reimbursement Obligations together with all fees,
expenses and other amounts then due and owing hereunder:

     7.1 Merger; Consolidation. The Borrower will not, and will not permit or cause any of
its Subsidiaries to, liquidate, wind up or dissolve, or enter into any consolidation, amalgamation,
merger or other combination, or agree to do any of the foregoing; provided,
however, that so long as no Default or Event of Default has occurred and is continuing or
would result therefrom:

     (i) any Subsidiary of the Borrower may merge, consolidate or amalgamate with, or be
liquidated into, (x) the Borrower (so long as the Borrower is the surviving or continuing
entity) or (y) any other Subsidiary of the Borrower (so long as, if either Person is a
Subsidiary Guarantor, the surviving Person is a Subsidiary Guarantor, and if either Person
is a Wholly Owned Subsidiary, the surviving Person is a Wholly Owned Subsidiary);

     (ii) the Borrower may merge, consolidate or amalgamate with another Person (other than
another Credit Party), so long as (y) the Borrower is the surviving entity, and

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(z) if such
merger, consolidation or amalgamation constitutes an Acquisition, the applicable conditions
and requirements of Sections 5.11 and 7.5 are satisfied; and

     (iii) to the extent not otherwise permitted under the foregoing clauses, any Subsidiary
that has sold, transferred or otherwise disposed of all or substantially all of its assets
in connection with an Asset Disposition permitted under this Agreement and no longer
conducts any active trade or business may be liquidated, wound up and dissolved.

     7.2 Indebtedness. The Borrower will not, and will not permit or cause any of its
Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness other than (without
duplication):

     (i) Indebtedness of the Credit Parties in favor of the Administrative Agent and the
Lenders incurred under this Agreement and the other Credit Documents;

     (ii) (A) Indebtedness of the Credit Parties under the Existing Credit Facility and the
other “Credit Documents” (as defined in the Existing Credit Facility) and (B) Indebtedness
of the Credit Parties under the New Liquidity Facility and the other “Credit Documents” (as
defined in the New Liquidity Facility);

     (iii) accrued expenses (including salaries, accrued vacation and other compensation),
current trade or other accounts payable and other current liabilities arising in the
ordinary course of business and not incurred through the borrowing of money, in each case
above to the extent constituting Indebtedness;

     (iv) purchase money Indebtedness of the Borrower and its Subsidiaries incurred solely
to finance the acquisition, construction or improvement of any equipment, real property or
other fixed assets in the ordinary course of business (or assumed or acquired by the
Borrower and its Subsidiaries in connection with a Permitted Acquisition or other
transaction permitted under this Agreement), including Capital Lease Obligations, and any
renewals, replacements, refinancings or extensions thereof,
provided that all such Indebtedness shall not exceed $25,000,000 in aggregate
principal amount outstanding at any one time;

     (v) unsecured loans and advances (A) by the Borrower or any Subsidiary of the Borrower
to any Subsidiary Guarantor, (B) by any Subsidiary of the Borrower to the Borrower, or (C)
by the Borrower or any Subsidiary of the Borrower to any Subsidiary of the Borrower that is
not a Subsidiary Guarantor, provided in each case that any such loan or advance made
pursuant to clause (C) above is subordinated in right and time of payment to the Obligations
and is evidenced by a promissory note, in form and substance reasonably satisfactory to the
Administrative Agent;

     (vi) Indebtedness of the Borrower under Hedge Agreements entered into in the ordinary
course of business to manage existing or anticipated interest rate or foreign currency risks
and not for speculative purposes;

     (vii) Indebtedness existing on the Closing Date and described in Schedule 7.2 and any
renewals, replacements, refinancings or extensions of any such Indebtedness that

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do not
increase the outstanding principal amount thereof or result in an earlier final maturity
date or decreased weighted average life thereof;

     (viii) Indebtedness consisting of Guaranty Obligations of the Borrower or any of its
Subsidiaries incurred in the ordinary course of business for the benefit of another Credit
Party, provided that the primary obligation being guaranteed is expressly permitted
by this Agreement;

     (ix) Indebtedness that may be deemed to exist pursuant to any performance bond, surety,
statutory appeal or similar obligation entered into or incurred by the Borrower or any of
its Subsidiaries in the ordinary course of business;

     (x) Indebtedness of ICE Clear Europe under the ICE Clear Europe Payment Services
Agreement not exceeding $150,000,000 in aggregate principal amount outstanding;

     (xi) Indebtedness consisting of Guaranty Obligations of the Borrower with respect to
the ICE Clear Europe Payment Services Agreement;

     (xii) unsecured Indebtedness of the Borrower not exceeding $400,000,000 in aggregate
principal amount outstanding to provide liquidity for the clearing operations of ICE Clear
Europe;

     (xiii) other unsecured Indebtedness of the Borrower not exceeding $50,000,000 in
aggregate principal amount outstanding at any time; and

     (xiv) other unsecured Indebtedness of the Subsidiaries of the Borrower not exceeding
$50,000,000 in aggregate principal amount outstanding at any time.

     7.3 Liens. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or
indirectly, make, create, incur, assume or suffer to exist, any Lien upon or with respect to any
part of its property or assets, whether now owned or hereafter acquired or agree to do any of the
foregoing, other than the following (collectively, “Permitted Liens”):

     (i) Liens in existence on the Closing Date and set forth on Schedule 7.3, and any
extensions, renewals or replacements thereof; provided that any such extension,
renewal or replacement Lien shall be limited to all or a part of the property that secured
the Lien so extended, renewed or replaced (plus any improvements on such property) and shall
secure only those obligations that it secures on the date hereof (and any renewals,
replacements, refinancings or extensions of such obligations that do not increase the
outstanding principal amount thereof);

     (ii) Liens imposed by law, such as Liens of carriers, warehousemen, mechanics,
materialmen and landlords, incurred in the ordinary course of business for sums not
constituting borrowed money that are not overdue for a period of more than thirty (30) days
or that are being contested in good faith by appropriate proceedings and for which adequate
reserves have been established in accordance with GAAP (if so required);

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     (iii) Liens (other than any Lien imposed by ERISA, the creation or incurrence of which
would result in an Event of Default under Section 8.1(k)) incurred in the ordinary course of
business in connection with worker’s compensation, unemployment insurance or other forms of
governmental insurance or benefits, or to secure the performance of letters of credit, bids,
tenders, statutory obligations, surety and appeal bonds, leases, public or statutory
obligations, government contracts and other similar obligations (other than obligations for
borrowed money) entered into in the ordinary course of business;

     (iv) Liens for taxes, assessments or other governmental charges or statutory
obligations that are not delinquent or remain payable without any penalty or that are being
contested in good faith by appropriate proceedings and for which adequate reserves have been
established in accordance with GAAP (if so required);

     (v) any attachment or judgment Lien not constituting an Event of Default under Section
8.1(h);

     (vi) Liens securing the purchase money Indebtedness permitted under Section 7.2(iv),
provided that (x) any such Lien shall attach to the property being acquired,
constructed or improved with such Indebtedness concurrently with or within ninety (90) days
after the acquisition (or completion of construction or improvement) or the refinancing
thereof by the Borrower or such Subsidiary, (y) the amount of the Indebtedness secured by
such Lien shall not exceed 100% of the cost to the Borrower or such Subsidiary of acquiring,
constructing or improving the property and any other assets then being financed solely by
the same financing source, and (z) any such Lien shall not encumber any other property of
the Borrower or any of its Subsidiaries except assets then being financed solely by the same
financing source;

     (vii) with respect to any Realty occupied by the Borrower or any of its Subsidiaries,
all easements, rights of way, reservations, licenses, encroachments, variations and similar
restrictions, charges and encumbrances on title that do not secure monetary obligations and
do not materially impair the use of such property for its intended purposes or the value
thereof;

     (viii) any leases, subleases, licenses or sublicenses granted by the Borrower or any of
its Subsidiaries to third parties in the ordinary course of business and not interfering in
any material respect with the business of the Borrower and its Subsidiaries, and any
interest or title of a lessor, sublessor, licensor or sublicensor under any lease or license
permitted under this Agreement;

     (ix) Liens created in connection with the Guaranty Fund; and

     (x) other Liens securing obligations of the Borrower and its Subsidiaries not exceeding
$1,000,000 in aggregate principal amount outstanding at any time.

     7.4 Asset Dispositions. The Borrower will not, and will not permit or cause any of
its Subsidiaries to, directly or indirectly, make or agree to make any Asset Disposition except
for:

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     (i) the sale or other disposition of inventory and Cash Equivalents in the ordinary
course of business, the sale or write-off of past due or impaired accounts receivable for
collection purposes (but not for factoring, securitization or other financing purposes), and
the termination or unwinding of Hedge Agreements permitted hereunder;

     (ii) the sale, lease or other disposition of assets by the Borrower or any Subsidiary
of the Borrower to the Borrower or to a Subsidiary Guarantor (or by any Subsidiary that is
not a Subsidiary Guarantor to another Subsidiary that is not a Subsidiary Guarantor), in
each case so long as no Event of Default shall have occurred and be continuing or would
result therefrom;

     (iii) the sale, exchange or other disposition in the ordinary course of business of
equipment or other capital assets that are obsolete or no longer necessary for the
operations of the Borrower and its Subsidiaries; and

     (iv) the sale or other disposition of assets (other than the Capital Stock of
Subsidiaries) outside the ordinary course of business for fair value and for consideration,
provided that (x) the aggregate amount of Net Cash Proceeds from all such sales or
dispositions that are consummated during any fiscal year shall not exceed $25,000,000 and
(y) no Default or Event of Default shall have occurred and be continuing or would result
therefrom.

     7.5 Acquisitions. The Borrower will not, and will not permit or cause any of its
Subsidiaries to, consummate any Acquisition, provided that the Borrower or any of its
Subsidiaries may
consummate any Acquisition so long as (i) prior to the closing of such Acquisition, the
Borrower shall provide the Lenders with a Compliance Certificate prepared on a Pro Forma Basis
giving effect to such Acquisition that demonstrates compliance with the covenants in Article VI on
a Pro Forma Basis, (ii) in the case of an Acquisition to which the Borrower is a party involving a
merger, amalgamation or the acquisition of control of the Capital Stock of a Person, the Borrower
is the surviving or acquiring entity, as the case may be, (iii) each business acquired shall be in
substantially the same line of business as the business conducted by the Borrower or its
Subsidiaries on the Closing Date or in lines of business reasonably related thereto, (iv) the board
of directors or equivalent governing body of the Person whose Capital Stock or business is acquired
shall have approved such Acquisition, if required by applicable law (but provided in any event such
Acquisition shall not be “hostile”), (v) no Default or Event of Default shall have occurred and be
continuing at the time of the consummation of any such Acquisition or would exist immediately after
giving effect thereto and (vi) the applicable conditions and requirements of Section 5.11 are
satisfied.

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     7.6 Restricted Payments. The Borrower will not, and will not permit or cause any of
its Subsidiaries to, directly or indirectly, declare or make any dividend payment, or make any
other distribution of cash, property or assets, in respect of any of its Capital Stock or any
warrants, rights or options to acquire its Capital Stock, or purchase, redeem, retire or otherwise
acquire for value any shares of its Capital Stock or any warrants, rights or options to acquire its
Capital Stock, or set aside funds for any of the foregoing (any of the foregoing being a
“Restricted Payment”), except that:

     (a) each Subsidiary may make payments to the Borrower for its proportionate share of the tax
liability of the affiliated group of entities that file consolidated federal income tax returns,
provided that such payments are used to pay taxes, and provided further
that any tax refunds received by the Borrower that are attributable to the any of its Subsidiaries
shall be returned promptly by the Borrower to such Subsidiary;

     (b) each Wholly Owned Subsidiary of the Borrower may declare and make dividend payments or
other distributions to the Borrower or to another Subsidiary of the Borrower, in each case to the
extent not prohibited under applicable Requirements of Law;

     (c) the Borrower and any of its Subsidiaries may declare and make dividend payments or other
distributions payable solely in its Common Stock; and

     (d) so long as no Default or Event of Default shall have occurred and be continuing or would
result therefrom, the Borrower and any of its Subsidiaries may make any Restricted Payment.

     7.7 Transactions with Affiliates. The Borrower will not, and will not permit or cause
any of its Subsidiaries to, enter into any transaction (including, without limitation, any
purchase, sale, lease or exchange of property or the rendering of any service) with any officer,
director, stockholder or other Affiliate of the Borrower or any of its Subsidiaries, except in the
ordinary course of its business and upon fair and reasonable terms that are no less favorable to it
than it would be obtained in a comparable
arm’s length transaction with a Person other than an Affiliate of the Borrower or any of its
Subsidiaries; provided, however, that nothing contained
in this Section 7.7 shall
prohibit:

     (i)
transactions described on Schedule 7.7 (and any renewals or replacements thereof on
terms not materially more disadvantageous to the applicable Credit Party) or otherwise
expressly permitted under any other provision of this Agreement;

     (ii) transactions among the Borrower and/or the Subsidiary Guarantors not prohibited
under this Agreement (provided that such transactions shall remain subject to any
other applicable limitations and restrictions set forth in this Agreement); and

     (iii) transactions with Affiliates in good faith in the ordinary course of the
Borrower’s or such Subsidiary’s business consistent with past practice and on terms no less
favorable to the Borrower or such Subsidiary than those that could have been obtained in a
comparable transaction on an arm’s length basis from a Person that is not an Affiliate.

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     7.8 Lines of Business. The Borrower will not, and will not permit or cause any of its
Subsidiaries to, engage in any lines of business other than the businesses engaged in by it on the
Closing Date and businesses and activities reasonably related thereto.

     7.9 Limitation on Certain Restrictions. The Borrower will not, and will not permit or
cause any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to
exist or become effective any restriction or encumbrance on (a) the ability of the Credit Parties
to perform and comply with their respective obligations under the Credit Documents or (b) the
ability of any Subsidiary of the Borrower to make any dividend payment or other distribution in
respect of its Capital Stock, to repay Indebtedness owed to the Borrower or any other Subsidiary,
to make loans or advances to the Borrower or any other Subsidiary, or to transfer any of its assets
or properties to the Borrower or any other Subsidiary, except (in the case of clause (b) above
only) for such restrictions or encumbrances existing under or by reason of (i) this Agreement and
the other Credit Documents, (ii) applicable Requirements of Law, (iii) customary non-assignment
provisions in leases and licenses of real or personal property entered into by the Borrower or any
Subsidiary as lessee or licensee in the ordinary course of business, restricting the assignment or
transfer thereof or of property that is the subject thereof, (iv) the Guaranty Fund and (v)
customary restrictions and conditions contained in any agreement relating to the sale of assets
(including Capital Stock of a Subsidiary) pending such sale, provided that such
restrictions and conditions apply only to the assets being sold and such sale is permitted under
this Agreement.

     7.10 No Other Negative Pledges. The Borrower will not, and will not permit or cause
any of its Subsidiaries to, enter into or suffer to exist any agreement or restriction that,
directly or indirectly, prohibits or conditions the creation, incurrence or assumption of any Lien
upon or with respect to any part of its property or assets, whether now owned or hereafter
acquired, or agree to do any of the foregoing,
except for such agreements or restrictions existing under or by reason of (i) this Agreement
and the other Credit Documents, (ii) applicable Requirements of Law, (iii) any agreement or
instrument creating a Permitted Lien (but only to the extent such agreement or restriction applies
to the assets subject to such Permitted Lien), (iv) customary provisions in leases and licenses of
real or personal property entered into by the Borrower or any Subsidiary as lessee or licensee in
the ordinary course of business, restricting the granting of Liens therein or in property that is
the subject thereof, and (v) customary restrictions and conditions contained in any agreement
relating to the sale of assets (including Capital Stock of a Subsidiary) pending such sale,
provided that such restrictions and conditions apply only to the assets being sold and such
sale is permitted under this Agreement.

     7.11 Investments in Subsidiaries. The Borrower will not, and will not permit or cause
any of its Subsidiaries to, directly or indirectly, purchase, own, invest in or otherwise acquire
any Capital Stock, evidence of indebtedness or other obligation or security or any interest
whatsoever in any Domestic Subsidiary of the Parent that is both (a) not a Wholly-Owned Subsidiary
and (b) not a Subsidiary Guarantor (each, a “Non-Wholly-Owned Subsidiary”), or make or
permit to exist any loans, advances or extensions of credit to, or any investment in cash or by
delivery of property in, any Non-Wholly-Owned Subsidiary (collectively, “Investments”)
other than:

     (i) Investments in Non-Wholly-Owned Subsidiaries existing as of the Closing Date;

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     (ii) the Borrower’s guarantee of the loans made by ICE US Trust under the New Liquidity
Facility; and

     (iii) other Investments in Non Wholly-Owned Subsidiaries made in any fiscal year in an
aggregate amount not exceeding 15% of Consolidated EBITDA for the fiscal year most recently
ended.

     7.12 Fiscal Year. The Borrower will not, and will not permit or cause any of its
Subsidiaries to, change its fiscal year or its method of determining fiscal quarters.

     7.13 Accounting Changes. Other than as permitted pursuant to Section 1.2, the
Borrower will not, and will not permit or cause any of its Subsidiaries to, make or permit any
material change in its accounting policies or reporting practices, except as may be required by
GAAP (or, in the case of Foreign Subsidiaries, generally accepted accounting principles in the
jurisdiction of its organization).

ARTICLE VIII

EVENTS OF DEFAULT

     8.1 Events of Default. The occurrence of any one or more of the following events
shall constitute an “Event of Default”:

     (a) The Borrower shall fail to pay when due (i) any principal of any Loan or any Reimbursement
Obligation, or (ii) any interest on any Loan, any fee payable under this Agreement or any other
Credit Document, or (except as provided in clause (i) above) any other Obligation (other than any
Obligation under a Hedge Agreement), and (in the case of this clause (ii) only) such failure shall
continue for a period of three (3) Business Days;

     (b) The Borrower or any other Credit Party shall (i) fail to observe, perform or comply with
any condition, covenant or agreement contained in any of Sections 5.2(e)(i), 5.4, 5.5, 5.10, or
5.11 or in Articles VI or VII or (ii) fail to observe, perform or comply with any condition,
covenant or agreement contained in Sections 5.1 or 5.2 (other than Section 5.2(e)(i)) and (in the
case of this clause (ii) only) such failure shall continue unremedied for a period of five (5) days
after the earlier of (y) the date on which a Responsible Officer of the Borrower acquires knowledge
thereof and (z) the date on which written notice thereof is delivered by the Administrative Agent
or any Lender to the Borrower;

     (c) The Borrower or any other Credit Party shall fail to observe, perform or comply with any
condition, covenant or agreement contained in this Agreement or any of the other Credit Documents
other than those enumerated in Sections 8.1(a) and 8.1(b), and such failure (i) by the express
terms of such Credit Document, constitutes an Event of Default, or (ii) shall continue unremedied
for any grace period specifically applicable thereto or, if no grace period is specifically
applicable, for a period of thirty (30) days after the earlier of (y) the date on which a
Responsible Officer of the Borrower acquires knowledge thereof and (z) the date on which written
notice thereof is delivered by the Administrative Agent or any Lender to the Borrower; or

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any default or event of default shall occur under any Hedge Agreement to which the Borrower and any
Hedge Party are parties;

     (d) Any representation or warranty made or deemed made by or on behalf of the Borrower or any
other Credit Party in this Agreement, any of the other Credit Documents or in any certificate,
instrument, report or other document furnished at any time in connection herewith or therewith
shall prove to have been incorrect, false or misleading in any material respect as of the time
made, deemed made or furnished;

     (e) The Borrower or any other Credit Party shall (i) fail to pay when due (whether by
scheduled maturity, acceleration or otherwise and after giving effect to any applicable grace
period or notice provisions) any principal of or interest due under the Existing Credit Facility,
the New Liquidity Facility or any other Indebtedness (other than the Indebtedness incurred pursuant
to this Agreement) having an aggregate principal amount of at least $1,000,000 or (ii) fail to
observe, perform or comply with any condition, covenant or agreement contained in any agreement or
instrument evidencing or relating to any such Indebtedness, or any other event shall
occur or condition exist in respect thereof, and the effect of such failure, event or
condition is to cause, or permit the holder or holders of such Indebtedness (or a trustee or agent
on its or their behalf) to cause (with or without the giving of notice, lapse of time, or both),
without regard to any subordination terms with respect thereto, such Indebtedness to become due, or
to be prepaid, redeemed, purchased or defeased, prior to its stated maturity;

     (f) The Borrower or any other Credit Party shall (i) file a voluntary petition or commence a
voluntary case seeking liquidation, winding-up, reorganization, dissolution, arrangement,
readjustment of debts or any other relief under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect, (ii) consent to the institution
of, or fail to controvert in a timely and appropriate manner, any petition or case of the type
described in Section 8.1(g), (iii) apply for or consent to the appointment of or taking possession
by a custodian, trustee, receiver or similar official for or of itself or all or a substantial part
of its properties or assets, (iv) fail generally, or admit in writing its inability, to pay its
debts generally as they become due, (v) make a general assignment for the benefit of creditors or
(vi) take any corporate action to authorize or approve any of the foregoing;

     (g) Any involuntary petition or case shall be filed or commenced against the Borrower or any
other Credit Party seeking liquidation, winding-up, reorganization, dissolution, arrangement,
readjustment of debts, the appointment of a custodian, trustee, receiver or similar official for it
or all or a substantial part of its properties or any other relief under the Bankruptcy Code or
under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, and
such petition or case shall continue undismissed and unstayed for a period of sixty (60) days; or
an order, judgment or decree approving or ordering any of the foregoing shall be entered in any
such proceeding;

     (h) Any one or more money judgments, writs or warrants of attachment, executions or similar
processes involving an aggregate amount (to the extent not paid or fully bonded or covered by
insurance as to which the surety or insurer, as the case may be, has the financial ability to
perform and has acknowledged liability in writing) in excess of $1,000,000 shall be entered or
filed against the Borrower or any other Credit Party or any of their respective

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properties and the
same shall not be paid, dismissed, bonded, vacated, stayed or discharged within a period of thirty
(30) days or in any event later than five (5) days prior to the date of any proposed sale of such
property thereunder;

     (i) Any Credit Document shall for any reason (other than as explicitly permitted under this
Agreement or any other Credit Document) cease to be in full force and effect as to any Credit
Party, or any Credit Party or any Person acting on its behalf shall deny or disaffirm such Credit
Party’s obligations thereunder;

     (j) A Change of Control shall have occurred;

     (k) Any ERISA Event or any other event or condition shall occur or exist with respect to any
Plan or Multiemployer Plan and, as a result thereof, together with all other ERISA Events and other
events or conditions then existing, any Credit Party and its ERISA Affiliates have incurred, or
could reasonably be expected to incur, liability to any one or more Plans or Multiemployer Plans or
to the PBGC (or to any combination thereof) in excess of $1,000,000; or

     (l) Any one or more licenses, permits, accreditations or authorizations of the Borrower or any
other Credit Party shall be suspended, limited or terminated or shall not be renewed, or any other
action shall be taken by any Governmental Authority or Self-Regulatory Organization in response to
any alleged failure by the Borrower or any of its Subsidiaries to be in compliance with applicable
Requirements of Law, and such action, individually or in the aggregate, has or could reasonably be
expected to have a Material Adverse Effect.

     8.2 Remedies: Termination of Commitments, Acceleration, etc. Upon and at any time
after the occurrence and during the continuance of any Event of Default, the Administrative Agent
shall at the direction, or may with the consent, of the Required Lenders, take any or all of the
following actions at the same or different times:

     (a) Declare the Commitments and the Swingline Commitment to be terminated, whereupon the same
shall terminate; provided that, upon the occurrence of a Bankruptcy Event, the Commitments,
the Swingline Commitment and the Issuing Lender’s obligation to issue Letters of Credit shall
automatically be terminated;

     (b) Declare all or any part of the outstanding principal amount of the Loans to be immediately
due and payable, whereupon the principal amount so declared to be immediately due and payable,
together with all interest accrued thereon and all other amounts payable under this Agreement and
the other Credit Documents (but, for an avoidance of doubt, excluding any amounts owing under any
Hedge Agreement), shall become immediately due and payable without presentment, demand, protest,
notice of intent to accelerate or other notice or legal process of any kind, all of which are
hereby knowingly and expressly waived by the Borrower; provided that, upon the occurrence
of a Bankruptcy Event, all of the outstanding principal amount of the Loans and all other amounts
described in this Section 8.2(b) shall automatically become immediately due and payable without
presentment, demand, protest, notice of intent to accelerate or other notice or legal process of
any kind, all of which are hereby knowingly and expressly waived by the Borrower;

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     (c) Appoint or direct the appointment of a receiver for the properties and assets of the
Credit Parties, both to operate and to sell such properties and assets, and the Borrower, for
itself and on behalf of its Subsidiaries, hereby consents to such right and such appointment and
hereby waives any objection the Borrower or any Subsidiary may have thereto or the right to have a
bond or other security posted by the Administrative Agent on behalf of the Lenders, in connection
therewith;

     (d) Exercise all rights and remedies available to it under this Agreement, the other Credit
Documents and applicable law; and

     (e) Direct the Borrower to deposit (and the Borrower hereby agrees, forthwith upon receipt of
notice of such direction from the Administrative Agent, to deposit) with the Administrative Agent
from time to time such additional amount of cash as is equal to the aggregate Stated Amount of all
Letters of Credit then outstanding (whether or not any beneficiary under any Letter of Credit shall
have drawn or be entitled at such time to draw
thereunder), such amount to be held by the Administrative Agent in the Cash Collateral Account
as security for the Letter of Credit Exposure as described in Section 2.19(h);

     8.3 Remedies: Set-Off. Upon and at any time after the occurrence and during the
continuance of any Event of Default, each 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 such Lender or any such Affiliate to or for the credit or the account of the Borrower
against any and all of the obligations of the Borrower now or hereafter existing under this
Agreement or any other Credit Document to such Lender, irrespective of whether or not such Lender
shall have made any demand under this Agreement or any other Credit Document and although such
obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of
such Lender different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Lender and their respective Affiliates under this Section are in
addition to other rights and remedies (including other rights of setoff) that such Lender or their
respective Affiliates may have. Each Lender agrees to notify the Borrower and the Administrative
Agent promptly after any such setoff and application; provided that the failure to give
such notice shall not affect the validity of such setoff and application.

ARTICLE IX

THE ADMINISTRATIVE AGENT

     9.1 Appointment and Authority. Each of the Lenders (for purposes of this Article,
references to the Lenders shall also mean the Swingline Lender) hereby irrevocably appoints
Wachovia to act on its behalf as the Administrative Agent hereunder and under the other Credit
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 and the Lenders, and neither

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the Borrower nor any other Credit Party shall have rights as a third party beneficiary of any of such
provisions.

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

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

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

     (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Credit
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 Credit 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 Credit Document or applicable law;
and

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

     The Administrative Agent shall not be liable for any action taken or not taken by it (i) with
the consent or at the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Sections 10.5 and 8.2) or (ii) in the absence of
its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to
have knowledge of any Default or Event of Default unless and until notice describing such Default
or Event of Default is given to the Administrative Agent by the Borrower or a 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 Credit Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the

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performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness or
genuineness of this Agreement, any other Credit Document or any other agreement, instrument or
document or (v) the satisfaction of any condition set forth in Article III or elsewhere herein,
other than to confirm receipt of items expressly required to be delivered to the Administrative
Agent.

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

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

     9.6 Resignation of Administrative Agent. The Administrative Agent may at any time
give notice of its resignation to the Lenders and the Borrower. Upon receipt of any such notice of
resignation, the Required Lenders shall have the right, in consultation with the Borrower, 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, provided that if such bank is not a
Lender or an Affiliate of a Lender, the Borrower shall have the right to consent to such
appointment (such consent to not be unreasonably withheld). If no such successor shall have been
so appointed by the Required Lenders and shall have accepted such appointment within thirty (30)
days after the retiring Administrative Agent gives notice of its resignation, then the retiring
Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent
meeting the qualifications set forth above; provided that if the Administrative Agent shall
notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then
such resignation shall nonetheless become effective in accordance with such notice and (1) the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder and
under the

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other Credit Documents (except that in the case of any collateral security held by the
Administrative Agent on behalf of the Lenders under any of the Credit Documents, the retiring
Administrative Agent shall continue to hold such collateral security until such time as a successor
Administrative Agent is appointed) and (2) 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 directly, until such time as the
Required Lenders appoint a successor Administrative Agent as provided for above in this Section.
Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties of the
retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be
discharged from all of its duties and obligations hereunder or under the other Credit Documents (if
not already discharged therefrom as provided above in this Section). The fees payable by the
Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Borrower and such successor. After the retiring Administrative
Agent’s resignation hereunder and under the other Credit Documents, the provisions of this Article
and Section 10.1 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.

     9.7 Non-Reliance on Administrative Agent and Other Lenders. Each 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
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 Credit Document or any related
agreement or any document furnished hereunder or thereunder.

     9.8 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of
the Bookrunners, Arrangers, Syndication Agent or other agents listed on the cover page hereof shall
have any powers, duties or responsibilities under this Agreement or any of the other Credit
Documents, except in its capacity, as applicable, as the Administrative Agent or a Lender
hereunder.

     9.9 Guaranty Matters. The Lenders hereby authorize the Administrative Agent, at its
option and in its discretion, to release any Guarantor from its obligations under the Guaranty if
such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon
request by the Administrative Agent at any time, the Lenders will confirm in writing the
Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty,
pursuant to this Section 9.9.

     9.10 Swingline Lender. The provisions of this Article IX (other than Section 9.2) shall apply to the Swingline
Lender mutatis mutandis to the same extent as such provisions apply to the
Administrative Agent.

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ARTICLE X

MISCELLANEOUS

     10.1 Expenses; Indemnity; Damage Waiver.

     (a) The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the
Administrative Agent, the Arrangers and their respective Affiliates (including the reasonable fees,
charges and disbursements of counsel for the Administrative Agent and the Arrangers), in connection
with the syndication of the credit facilities provided for herein, the preparation, negotiation,
execution, delivery and administration of this Agreement and the other Credit 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 out-of-pocket expenses
incurred by the Administrative Agent or any Lender (including the fees, charges and disbursements
of any counsel for the Administrative Agent or any Lender), in connection with the enforcement or
protection of its rights (A) in connection with this Agreement and the other Credit Documents,
including its rights under this Section, or (B) in connection with the Loans made hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans, (iii) all reasonable out-of-pocket expenses incurred by the
Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of
Credit or any demand for payment thereunder, and (iv) any civil penalty or fine assessed by OFAC
against, and all reasonable costs and expenses (including counsel fees and disbursements) incurred
in connection with defense thereof by, the Administrative Agent or any Lender as a result of
conduct of the Borrower that violates a sanction enforced by OFAC.

     (b) The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), the
Arrangers, each Lender, and each Related Party of any of the foregoing persons (each such person
being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related expenses (including the fees, charges and
disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against
any Indemnitee by any third party or by the Borrower or any other Credit Party arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other
Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by
the parties hereto of their respective obligations hereunder or thereunder or the consummation of
the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or
proposed use of the proceeds therefrom (including any refusal by the Issuing Lender to honor a
demand for payment under a Letter of Credit if the documents presented in connection with such
demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged
presence or release of Hazardous Substances on or from any property owned or operated by any Credit
Party, or any Environmental Claim related in any way to any Credit Party, or (iv) any actual or
prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other
theory, whether brought by a third party or by the Borrower or any other Credit Party, and
regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related

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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
Indemnitee.

     (c) To the extent that the Borrower for any reason fails to indefeasibly pay any amount
required under Section 10.1(a) or Section 10.1(b) to be paid by it to the Administrative Agent (or
any sub-agent thereof), each Lender severally agrees to pay to the Administrative Agent (or any
such sub-agent) such Lender’s proportion (based on the percentages as used in determining the
Required Lenders as of the time that the applicable unreimbursed expense or indemnity payment is
sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss,
claim, damage, liability or related expense, as the case may be, was incurred by or asserted
against the Administrative Agent (or any such sub-agent) 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)
in connection with such capacity. The obligations of the Lenders under this Section 10.1(c) are
subject to the provisions of Section 2.3(c).

     (d) To the fullest extent permitted by applicable law, the Borrower shall not assert, and
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other Credit Document or any agreement or
instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter
of Credit or the use of the proceeds thereof. No Indemnitee referred to in Section 10.1(b) 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 (including Intralinks, SyndTrak or similar systems) in connection with this
Agreement or the other Credit Documents or the transactions contemplated hereby or thereby, except
as a result of such Indemnitee’s gross negligence or willful misconduct.

     (e) All amounts due under this Section shall be payable by the Borrower upon demand therefor.

     10.2 Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process.

     (a) This Agreement and the other Credit Documents shall (except as may be expressly otherwise
provided in any Credit Document) be governed by, and construed in accordance with, the law of the
State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law,
but excluding all other choice of law and conflicts of law rules); provided that each
Letter of Credit shall be governed by, and construed in accordance with, the laws or rules
designated in such Letter of Credit or application therefor or, if no such laws or rules are
designated, the International Standby Practices of the International Chamber of Commerce, as in
effect from time to time (the “ISP”), and, as to matters not governed by the ISP,
the laws of the State of New York (including Sections 5-1401 and 5-1402 of the New York
General Obligations Law, but excluding all other choice of law and conflicts of law rules).

     (b) Each Credit Party irrevocably and unconditionally submits, for itself and its property, to
the nonexclusive jurisdiction of the courts of the State of New York sitting in New

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York County and
of the United States District Court of the Southern District of New York, and any appellate court
from any thereof, in any action or proceeding arising out of or relating to this Agreement or any
other Credit Document, or for recognition or enforcement of any judgment, and each of the parties
hereto irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such state court or, to the fullest extent permitted by
applicable law, in such federal court. Each of the parties hereto agrees that a final judgment in
any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law. Nothing in this Agreement or in any
Credit Document shall affect any right that the Administrative Agent, any Lender may otherwise have
to bring any action or proceeding relating to this Agreement or any other Credit Document against
any Credit Party or any of their respective properties in the courts of any jurisdiction.

     (c) The Borrower irrevocably and unconditionally waives, to the fullest extent permitted by
applicable law, any objection that it may now or hereafter have to the laying of venue of any
action or proceeding arising out of or relating to this Agreement or any other Credit Document in
any court referred to in Section 10.2(b). Each of the parties hereto hereby irrevocably waives, to
the fullest extent permitted by applicable law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

     (d) Each party hereto irrevocably consents to service of process in the manner provided for
notices in Section 10.4. Nothing in this Agreement will affect the right of any party hereto to
serve process in any other manner permitted by applicable law.

     10.3 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT
DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     10.4 Notices; Effectiveness; Electronic Communication.

     (a) Except in the cases of notices and other communications expressly permitted to be given by
telephone (and except as provided in Section 10.4(b)), all notices and other communications
provided for herein shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by telecopier as follows:

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     (i) if to the Borrower, the Administrative Agent, the Issuing Lender or the Swingline
Lender, to it at the address (or telecopier number) specified for such Person on Schedule
1.1(a); and

     (ii) if to any Lender, to it at its address (or telecopier number) set forth in its
Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient).
Notices delivered through electronic communications to the extent provided in Section 10.4(b) shall
be effective as provided in Section 10.4(b).

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

     (c) Any party hereto may change its address or telecopier number for notices and other
communications hereunder by notice to the other parties hereto (except that each Lender need not
give notice of any such change to the other Lenders in their capacities as such).

     10.5 Amendments, Waivers, etc. No amendment, modification, waiver or discharge or
termination of, or consent to any departure by any Credit Party from, any provision of this
Agreement or any other Credit Document shall be effective unless in a writing signed by the
Required Lenders (or by the
Administrative Agent at the direction or with the consent of the Required Lenders), and then
the same shall be effective only in the specific instance and for the specific purpose for which
given; provided, however, that no such amendment, modification, waiver, discharge,
termination or consent shall:

     (a) unless agreed to by each Lender directly affected thereby, (i) reduce or forgive the
principal amount of any Loan or Reimbursement Obligation, reduce the rate of or forgive any

87

 

interest thereon (provided that only the consent of the Required Lenders shall be required
to waive the applicability of any post-default increase in interest rates), or reduce or forgive
any fees hereunder (other than fees payable to the Administrative Agent or the Arrangers for their
own accounts) (it being understood that an amendment to the definition of Total Leverage Ratio (or
any defined terms used therein) shall not constitute a reduction of any interest rate or fees
hereunder), (ii) extend the final scheduled maturity date or any other scheduled date for the
payment of any principal of or interest on any Loan (including any scheduled date for the mandatory
termination of any Commitments), or extend the time of payment of any fees hereunder (other than
fees payable to the Administrative Agent or the Arrangers for their own accounts), or extend the
time of payment of any Reimbursement Obligation or any interest thereon, or extend the expiry date
of any Letter of Credit beyond the Letter of Credit Maturity Date, or (iii) increase any Commitment
of any such Lender over the amount thereof in effect or extend the maturity thereof (it being
understood that a waiver of any condition precedent set forth in Section 3.2 or of any Default or
Event of Default or mandatory termination in the Commitments, if agreed to by the Required Lenders,
Required Revolving Credit Lenders or all Lenders (as may be required hereunder with respect to such
waiver), shall not constitute such an increase);

     (b) unless agreed to by all of the Lenders, (i) release any Guarantor from its obligations
under the Guaranty (other than (A) as may be otherwise specifically provided in this Agreement or
in any other Credit Document or (B) in connection with the sale or other disposition of all of the
Capital Stock of such Guarantor in a transaction expressly permitted under or pursuant to this
Agreement), (ii) reduce the percentage of the aggregate Commitments or of the aggregate unpaid
principal amount of the Loans, or the number or percentage of Lenders, that shall be required for
the Lenders or any of them to take or approve, or direct the Administrative Agent to take, any
action hereunder or under any other Credit Document (including as set forth in the definition of
“Required Lenders”), (iii) change any other provision of this Agreement or any of the other
Credit Documents requiring, by its terms, the consent or approval of all the Lenders for such
amendment, modification, waiver, discharge, termination or consent, or (iv) change or waive any
provision of Section 2.12(e), Section 2.14, any other provision of this Agreement or any other
Credit Document requiring pro rata treatment of any Lenders, or this Section 10.5;

     (c) unless agreed to by all of the Revolving Credit Lenders, reduce the percentage set forth
in the definition of “Required Revolving Credit Lenders” (it being understood that no
consent of any other Lender or the Administrative Agent is required);

     (d) unless agreed to by the Required Revolving Credit Lenders, (i) except for any such changes
to which Section 10.5(a) applies, change any provision of Section 2.19 or any terms or provisions
of any Letter of Credit or any supporting documentation relating thereto (it
being understood that no consent of any other Lender or the Administrative Agent is required),
or (ii) amend, modify or waive any condition precedent to any Borrowing of Revolving Loans or
issuance of a Letter of Credit set forth in Section 3.2 (including in connection with any waiver of
an existing Default or Event of Default);

     (e) unless agreed to by the Swingline Lender or the Administrative Agent in addition to the
Lenders required as provided hereinabove to take such action, affect the respective rights

88

 

or obligations of the Swingline Lender or the Administrative Agent, as applicable, hereunder or under
any of the other Credit Documents; and

     (f) unless agreed to by each Hedge Party that would be adversely affected thereby in its
capacity as such relative to the Lenders, (i) amend the definition of “Guaranteed Obligations” in
the Guaranty (or any similar defined term in any other Credit Document benefiting such Hedge
Party), (ii) amend the definition of “Guaranteed Parties” in the Guaranty (or any similar defined
term in any other Credit Document benefiting such Hedge Party), (iii) amend any provision regarding
priority of payments in this Agreement or any other Credit Document, or (iv) release any Guarantor
from its obligations under the Guaranty (other than (A) as may be otherwise specifically provided
in this Agreement or in any other Credit Document or (B) in connection with the sale or other
disposition of all of the Capital Stock of such Guarantor in a transaction expressly permitted
under or pursuant to this Agreement);

and provided further that the Fee Letters may only be amended or modified, and any
rights thereunder waived, in a writing signed by the parties thereto.

Notwithstanding the fact that the consent of all Lenders is required in certain circumstances as
set forth above, each Lender is entitled to vote as such Lender sees fit on any bankruptcy
reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of
Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set forth
herein. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right
to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of
such Lender may not be increased or extended without the consent of such Lender.

     10.6 Successors and Assigns.

     (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that neither
the Borrower nor any other Credit Party 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 Section 10.6(b), (ii) by way of
participation in accordance with the provisions of Section 10.6(d) or (iii) by way of pledge or
assignment of a security interest subject to the restrictions of Section 10.6(f) (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in Section 10.6(d) 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) Any Lender may assign to one or more assignees all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitments and the Loans
(including for purposes of this Section 10.6(b), participations in Swingline Loans and Letters of

89

 

Credit) at the time owing to it); provided that any such assignment shall be subject to the
following conditions:

     (i) The prior written consent of the Administrative Agent and the Borrower (such
consent not to be unreasonably withheld or delayed) is obtained, except that

     (A) the consent of the Borrower shall not be required if (y) a Default or Event
of Default has occurred and is continuing at the time of such assignment or (z) such
assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; and

     (B) the consent of the Administrative Agent shall not be required for
assignments in respect of (y) a Revolving Credit Commitment if such assignment is to
a Person that is a Revolving Credit Lender or (z) Term Loans to a Person who is a
Term Lender, an Affiliate of a Term Lender or an Approved Fund;

     (ii) (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 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 clause (A) above, 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 (x) $5,000,000, in the case of any assignment in respect of a
Revolving Credit Commitment (which for this purpose includes Revolving Loans outstanding),
(y) the entire Swingline Commitment and the full amount of the outstanding Swingline Loans,
in the case of Swingline Loans, or (z) $1,000,000, in the case of any assignment in respect
of a Commitment for Term Loans (which for this purpose includes Term Loans outstanding), in
any case, treating assignments to two or more Approved Funds under common management as one
assignment for purposes of the minimum amounts, unless each of the Administrative Agent and,
so long as no Default or Event of Default has occurred and is continuing, the Borrower
otherwise consents (each such consent not to be unreasonably withheld or delayed);

     (iii) 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, except that this clause (iii) shall not apply to rights in
respect of Swingline Loans;

     (iv) 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 and the assignee, if it is not a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire;

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     (v) no such assignment shall be made to the Borrower or any of the Borrower’s
Affiliates or Subsidiaries; and

     (vi) no such assignment shall be made to a natural person.

Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section
10.6(c), 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 2.15(a), 2.15(b), 2.16, 2.17 and 10.1 with respect to facts
and circumstances occurring prior to the effective date of such assignment. If requested by or on
behalf of the assignee, the Borrower, at its own expense, will execute and deliver to the
Administrative Agent a new Note or Notes to the order of the assignee (and, if the assigning Lender
has retained any portion of its rights and obligations hereunder, to the order of the assigning
Lender), prepared in accordance with the applicable provisions of Section 2.4 as necessary to
reflect, after giving effect to the assignment, the Commitments and/or outstanding Loans, as the
case may be, of the assignee and (to the extent of any retained interests) the assigning Lender, in
substantially the form of Exhibits A-1, A-2 and/or A-3, as applicable. Any assignment or transfer
by a Lender of rights or obligations under this Agreement that does not comply with this Section
10.6(b) shall be treated for purposes of this Agreement as a sale by such Lender of a participation
in such rights and obligations in accordance with Section 10.6(d).

     (c) The Administrative Agent, acting solely for this purpose as an agent of the Borrower,
shall maintain at its address for notices referred to in Schedule 1.1(a) a copy of each Assignment
and Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Loans owing to, each Lender pursuant
to the terms hereof from time to time (the “Register”). The entries in the Register shall
be conclusive, and the Borrower, the Administrative Agent and the Lenders may treat each Person
whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by the Borrower, at any reasonable time and from time to time upon
reasonable prior notice. In addition, at any time that a request for a consent for a material or
substantive change to the Credit Documents is pending, any Lender wishing to consult with other
Lenders in connection therewith may request and receive from the Administrative Agent a copy of the
Register.

     (d) Any Lender may at any time, without the consent of, or notice to, the Borrower or the
Administrative Agent, sell participations to any Person (other than a natural person or the
Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”)
in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all
or a portion of its Commitments and/or the Loans (including such Lender’s participations Swingline
Loans and Letters of Credit) 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

91

 

parties hereto for the performance of such obligations and (iii) the Borrower, the
Administrative Agent, the Lenders and the Swingline Lender shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification described in Section 10.5(a) and
clause (i) of Section 10.5(b) that affects such Participant. Subject to Section 10.6(e), the
Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15(a),
2.15(b), 2.16 and 2.17 to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to Section 10.6(b). To the extent permitted by law, each Participant also
shall be entitled to the benefits of Section 8.3 as though it were a Lender; provided such
Participant agrees to be subject to Section 2.14(b) as though it were a Lender.

     (e) A Participant shall not be entitled to receive any greater payment under Section 2.15(a),
Section 2.15(b) or Section 2.16 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent. A Participant that would be a
Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.16 unless the
Borrower is notified of the participation sold to such Participant and such Participant agrees, for
the benefit of the Borrower, to comply with Section 2.16(e) as though it were a Lender.

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

     (g) 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 or any state laws based on the Uniform Electronic
Transactions Act.

     (h) Any Lender or participant may, in connection with any assignment, participation, pledge or
proposed assignment, participation or pledge pursuant to this Section 10.6, disclose to the
Assignee, Participant or pledgee or proposed Assignee, Participant or pledgee any
information relating to the Borrower and its Subsidiaries furnished to it by or on behalf of
any other party hereto, provided that such Assignee, Participant or pledgee or proposed
Assignee, Participant or pledgee agrees in writing to keep such information confidential to the
same extent required of the Lenders under Section 10.11.

92

 

     (i) Notwithstanding anything to the contrary contained herein, if Wachovia assigns all of its
Revolving Credit Commitments and Revolving Loans in accordance with this Section 10.6, Wachovia may
resign as Issuing Lender and Swingline Lender upon written notice to the Borrower and the Lenders.
Upon any such notice of resignation, the Borrower shall have the right to appoint from among the
Lenders a successor Issuing Lender; provided that no failure by the Borrower to make such
appointment shall affect the resignation of Wachovia as Issuing Lender. Wachovia shall retain all
of the rights and obligations of the Issuing Lender hereunder with respect to all Letters of Credit
issued by it and outstanding as of the effective date of its resignation and all obligations of the
Borrower and the Revolving Credit Lenders with respect thereto (including the right to require the
Revolving Credit Lenders to make Revolving Loans or fund participation interests pursuant to
Section 2.19).

     10.7 No Waiver. The rights and remedies of the Administrative Agent and the Lenders expressly set forth in
this Agreement and the other Credit Documents are cumulative and in addition to, and not exclusive
of, all other rights and remedies available at law, in equity or otherwise. No failure or delay 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 be construed to be a waiver of any Default or Event of Default. No course of
dealing between any Credit Party, the Administrative Agent or the Lenders or their agents or
employees shall be effective to amend, modify or discharge any provision of this Agreement or any
other Credit Document or to constitute a waiver of any Default or Event of Default. No notice to
or demand upon any Credit Party in any case shall entitle any Credit Party to any other or further
notice or demand in similar or other circumstances or constitute a waiver of the right of the
Administrative Agent or any Lender to exercise any right or remedy or take any other or further
action in any circumstances without notice or demand.

     10.8 Survival. All representations, warranties and agreements made by or on behalf of the Borrower or any
other Credit Party in this Agreement and in the other Credit Documents shall survive the execution
and delivery hereof or thereof and the making and repayment of the Loans until the indefeasible
payment in full of the Obligations. In addition, notwithstanding anything herein or under
applicable law to the contrary, the provisions of this Agreement and the other Credit Documents
relating to indemnification or payment of costs and expenses, including, without limitation, the
provisions of Sections 2.15(a), 2.15(b), 2.16, 2.17 and 10.1, shall survive the payment in full of
all Loans and Letters of Credit, the termination of the Commitments and any termination of this
Agreement or any of the other Credit Documents. Except as set forth above, this Agreement and the
Credit Documents shall be deemed terminated upon the indefeasible payment in full of the
Obligations.

     10.9 Severability. To the extent any provision of this Agreement is prohibited by or invalid under the
applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such
prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating
such provision in any other jurisdiction or the remaining provisions of this Agreement in any
jurisdiction.

93

 

     10.10 Construction. The headings of the various articles, sections and subsections of this Agreement and the
table of contents have been inserted for convenience only and shall not in any way affect the
meaning or construction of any of the provisions hereof. Except as otherwise expressly provided
herein and in the other Credit Documents, in the event of any inconsistency or conflict between any
provision of this Agreement and any provision of any of the other Credit Documents, the provision
of this Agreement shall control.

     10.11 Confidentiality. Each of the Administrative Agent and the Lenders agree to maintain the confidentiality of
the Information (as defined below), except that Information may be disclosed (a) to its Affiliates
and to its and its Affiliates’ respective partners, directors, officers, employees, agents,
advisors and other representatives (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such Information and instructed to keep such
Information confidential), (b) to the extent requested by any regulatory authority purporting to
have jurisdiction over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by applicable Requirements of
Law or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection
with the exercise of any remedies hereunder or under any other Credit Document or any action or
proceeding relating to this Agreement or any other Credit Document or the enforcement of rights
hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same
as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of
or Participant in, any of its rights or obligations under this Agreement, or (ii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to the
Borrower and its obligations, (g) with the consent of the Borrower or (h) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates
on a nonconfidential basis from a source other than the Borrower or any of its Subsidiaries or
Affiliates.

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

     10.12 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Agreement and the other Credit Documents
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 for the Fee Letters). Except as provided in Section 3.1, this
Agreement shall become effective when it shall have been executed by the Administrative Agent and
when the Administrative Agent shall have

94

 

received counterparts hereof that, when taken together,
bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a
signature page of this Agreement by telecopy (or by PDF formatted page sent by electronic mail)
shall be effective as delivery of a manually executed counterpart of this Agreement.

     10.13 Disclosure of Information. The Borrower agrees and consents to the Administrative Agent’s and the Arrangers’
disclosure of information relating to this transaction to Gold Sheets and other similar
bank trade publications. Such information will consist of deal terms and other information
customarily found in such publications.

     10.14 USA Patriot Act Notice. Each Lender that is subject to the Act (as defined below) and the Administrative Agent (for
itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record information that identifies
the Borrower, which information includes the name and address of the Borrower and other information
that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in
accordance with the Act.

95

 

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

	 	 	 	 	 
	 	INTERCONTINENTALEXCHANGE, INC.

 	 
	 	By:  	/s/ Scott A. Hill
 	 
	 	 	Name:  	Scott A. Hill 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION, as

Administrative Agent, 
Swingline Lender and as a

Lender

 	 
	 	By:  	/s/ G. Mendel Lay, Jr.
 	 
	 	 	Name:  	G. Mendel Lay, Jr. 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as
Syndication 
Agent and as a Lender

 	 
	 	By:  	/s/  Mark A. Phillips
 	 
	 	 	Name:  	Mark A. Phillips 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH, as a Lender

 	 
	 	By:  	/s/  Jim C.Y. Chen
 	 
	 	 	Name:  	Jim C.Y. Chen 	 
	 	 	Title:  	V.P. & General Manager 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	SOCIETE GENERALE, as
Documentation 
Agent and as a Lender

 	 
	 	By:  	/s/  Ambrish Thanawala
 	 
	 	 	Name:  	Ambrish Thanawala 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Documentation Agent and as a Lender

 	 
	 	By:  	/s/  Chimie T. Pemba
 	 
	 	 	Name:  	Chimie T. Pemba 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender

 	 
	 	By:  	/s/  Melissa Curry
 	 
	 	 	Name:  	Melissa Curry 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                       /s/  Michael Campites
 	 
	 	 	Name:  	Michael Campites 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON, as a Lender

 	 
	 	By:  	/s/  Robert J. Motzel Jr.
 	 
	 	 	Name:  	Robert J. Motzel Jr. 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	FIRST COMMERCIAL BANK NEW YORK AGENCY, as a Lender

 	 
	 	By:  	/s/  Yu-Mei Hsiao
 	 
	 	 	Name:  	Yu-Mei Hsiao 	 
	 	 	Title:  	Assistant General Manager 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF MONTREAL (Chicago Branch), as a Lender

 	 
	 	By:  	/s/  Linda C. Haven
 	 
	 	 	Name:  	Linda C. Haven 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	COMERICA BANK, as a Lender

 	 
	 	By:  	/s/  Scott M. Kowalski
 	 
	 	 	Name:  	Scott M. Kowalski 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	FIFTH THIRD BANCORP, as a Lender

 	 
	 	By:  	/s/  Kenneth W. Deere
 	 
	 	 	Name:  	Kenneth W. Deere 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	MORGAN STANLEY BANK, N.A., as a Lender

 	 
	 	By:  	/s/  Melissa James
 	 
	 	 	Name:  	Melissa James 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	REGIONS BANK, as a Lender

 	 
	 	By:  	/s/  Stephen Brothers
 	 
	 	 	Name:  	Stephen Brothers 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

 

 

	 	 	 	 	 
	 	MEGA INTERNATIONAL COMMERCIAL BANK CO., NEW YORK BRANCH, as a Lender

 	 
	 	By:  	/s/  Tsang-Pei Hsu
 	 
	 	 	Name:  	Tsang-Pei Hsu 	 
	 	 	Title:  	VP & DGM 	 
	 

Signature Page to IntercontintentalExchange, Inc. Credit Agreement

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