Document:

EXHIBIT 10.1

 

 

THIRD AMENDMENT TO CREDIT AGREEMENT

 

dated as of December 17, 2019

 

among

 

SPX CORPORATION,

 

The
Subsidiary GUARANTORS Party Hereto,

 

BANK OF AMERICA, N.A.,

as Administrative Agent,

 

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT
BRANCH,

as Foreign Trade Facility Agent,

 

and

 

The
Lenders Party Hereto

 

 

 

BOFA
SECURITIES, INC.,

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT
BRANCH,

DEUTSCHE BANK SECURITIES INC.,

BNP
PARIBAS,

THE
BANK OF NOVA SCOTIA,

BBVA
USA,

FIFTH
THIRD BANK, NATIONAL ASSOCIATION,

MUFG
BANK, LTD.,

JPMORGAN
CHASE BANK, N.A.,

SUMITOMO
MITSUI BANKING CORPORATION,

SUNTRUST
ROBINSON HUMPHREY, INC.

and

TD
BANK, N.A

as Joint Lead Arrangers and Joint Bookrunners

 

 

    

     

    

 

THIRD AMENDMENT TO CREDIT AGREEMENT

 

THIS THIRD AMENDMENT
TO CREDIT AGREEMENT (this “Amendment”), dated as of December 17, 2019 (the “Third Amendment Effective
Date”), is entered into among SPX Corporation, a Delaware corporation (the “Parent Borrower”), the
Subsidiary Guarantors party hereto, the Lenders party hereto, Deutsche Bank AG Deutschlandgeschäft Branch, as Foreign Trade
Facility Agent, and Bank of America, N.A., as Administrative Agent. All capitalized terms used herein and not otherwise defined
herein shall have the meanings given to such terms in the Amended Credit Agreement (as defined below).

 

RECITALS

 

WHEREAS, the Parent
Borrower, the Foreign Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party thereto, Deutsche
Bank AG Deutschlandgeschäft Branch, as Foreign Trade Facility Agent, and Bank of America, N.A., as Administrative Agent, entered
into that certain Credit Agreement dated as of September 1, 2015 (as amended by that certain First Amendment to Credit Agreement,
dated as of March 20, 2017, and as further amended by that certain Second Amendment to Credit Agreement and Amendment to Guarantee
and Collateral Agreement, dated as of December 19, 2017, the “Existing Credit Agreement;” the Existing Credit
Agreement, as amended by this Amendment, and as may be further amended, restated, supplemented or otherwise modified from time
to time, the “Amended Credit Agreement”); and

 

WHEREAS, the parties
hereto agree to amend the Existing Credit Agreement as set forth below.

 

NOW, THEREFORE, in
consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.       Amendments
to the Existing Credit Agreement.

 

(a)       The
Existing Credit Agreement is amended in its entirety to read in the form attached hereto as Annex A.

 

(b)       Schedules
1.1A, 1.1B, 1.1D, 1.1E, 1.1F, 3.4, 3.12, and 3.16 to the Existing Credit Agreement are amended in their entirety to read in the
forms attached hereto as Schedules 1.1A, 1.1B, 1.1D, 1.1E, 1.1F, 3.4, 3.12, and
3.16, respectively. Schedule 2.23 to the Existing Credit Agreement is deleted.

 

2.       Conditions
Precedent. The effectiveness of this Amendment, and the obligations of the Lenders to make Loans under, of the Issuing Lenders
to issue Letters of Credit under and of the FCI Issuing Lenders to issue FCIs under, the Amended Credit Agreement, is subject to
the satisfaction of the following conditions precedent:

 

(a)       receipt
by the Administrative Agent of (i) counterparts of this Amendment, duly executed by the Parent Borrower, each Subsidiary Guarantor,
each Lender (including each Issuing Lender, each FCI Issuing Lender, the Swingline Lender and each Exiting Lender (as defined below)),
the Foreign Trade Facility Agent and the Administrative Agent, and (ii) the Disclosure Letter, duly executed by the Parent Borrower;

 

(b)       receipt
by the Administrative Agent of legal opinions (addressed to the Agents and the Lenders and dated as of the Third Amendment Effective
Date) from (i) Robinson, Bradshaw & Hinson, P.A., counsel for the Parent Borrower, and (ii) the General Counsel of the

 

    

     

    

 

Parent Borrower, in each case,
the opinions of which shall be customary for transactions of this type;

 

(c)       receipt
by the Administrative Agent of the following, in form and substance reasonably satisfactory to the Administrative Agent and its
legal counsel: (i) copies of the organizational documents of each Loan Party certified to be true and complete as of a recent date
by the appropriate Governmental Authority of the jurisdiction of its organization or incorporation, where applicable (or, to the
extent such organizational documents have not been amended or modified since December 19, 2017 (or, with respect to any Person
joined as a Loan Party after December 19, 2017, since the date of the joinder of such Loan Party), a certification from a Responsible
Officer of the applicable Loan Party that no amendments or modifications to such organizational documents have been made since
December 19, 2017 (or, with respect to any Person joined as a Loan Party after December 19, 2017, since the date of the joinder
of such Loan Party)), and certified by a Responsible Officer of such Loan Party to be true and correct as of the Third Amendment
Effective Date; (ii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible
Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity
of each Responsible Officer thereof authorized to act on behalf of such Loan Party in connection with this Amendment and the other
Loan Documents to which such Loan Party is a party; and (iii) such documents and certifications as the Administrative Agent may
reasonably require to evidence that each Loan Party is duly organized or formed, and is validly existing, in good standing and
qualified to engage in business in its jurisdiction of organization or incorporation;

 

(d)       receipt
by the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, of (i)(A) searches of UCC
filings in the jurisdiction of incorporation or formation, as applicable, of the Parent Borrower and each Subsidiary Guarantor
and each jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect the Administrative
Agent’s security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence
that no Liens exist other than Permitted Encumbrances or as otherwise permitted pursuant to Section 6.3 of the Amended Credit Agreement,
and (B) tax lien and judgment searches, and (ii) completed UCC financing statements for each appropriate jurisdiction as is necessary,
in the Administrative Agent’s sole discretion, to perfect the Administrative Agent’s security interest in the Collateral;

 

(e)       since
December 31, 2018, there has been no event or condition that has had or could reasonably be expected to have, either individually
or in the aggregate, a Material Adverse Effect;

 

(f)       immediately
before and after giving effect to this Amendment and the transactions to occur in connection with this Amendment on the Third Amendment
Effective Date: (i) the representations and warranties of each Loan Party set forth in the Loan Documents are true and correct
in all material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect
or other materiality, in which case such representations and warranties shall be true and correct in all respects) on and as of
the Third Amendment Effective Date, except to the extent that such representations and warranties specifically refer to an earlier
date, in which case they are true and correct in all material respects (other than those representations and warranties that are
expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall
be true and correct in all respects) as of such earlier date; and (ii) no Default or Event of Default shall have occurred and be
continuing;

 

    2

     

    

 

(g)       receipt
by the Administrative Agent of a certificate signed by a Responsible Officer of the Parent Borrower certifying as to the satisfaction
of the conditions set forth in Sections 3(e) and (f);

 

(h)       receipt
by each Agent and each Lender of all applicable licenses, consents, permits and approvals as deemed necessary by such Agent or
such Lender in order to execute and perform the transactions contemplated by the Loan Documents;

 

(i)       each
Agent and each Lender shall have completed “know your customer” due diligence, and the Parent Borrower and its Subsidiaries
shall have provided to each Agent and each Lender the documentation and other information requested by such Agent or such Lender
in order to comply with applicable law, including without limitation, the USA Patriot Act (Title III of Pub. L. 107 56 (signed
into law October 26, 2001)), Sanctions, the United States Foreign Corrupt Practices Act of 1977, and the applicable European Union
or German acts and ordinance such as the German Anti-Money-Laundering-Act (“Geldwäschegesetz”) and the
German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes (“Außenwirtschaftsverordnung”));

 

(j)       if
the Parent Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, each Agent and
each Lender shall have received, to the extent requested by such Agent or such Lender, a Beneficial Ownership Certification with
respect to the Parent Borrower;

 

(k)       the
Parent Borrower shall have (i) paid all accrued and unpaid interest and fees owing under the Existing Credit Agreement to the Third
Amendment Effective Date, (ii) prepaid any domestic revolving loans outstanding under the Existing Credit Agreement to the extent
necessary to keep the outstanding Domestic Revolving Loans on the Third Amendment Effective Date ratable with the revised Domestic
Revolving Commitments, (iii) prepaid any global revolving loans outstanding under the Existing Credit Agreement to the extent necessary
to keep the outstanding Global Revolving Loans on the Third Amendment Effective Date ratable with the revised Global Revolving
Commitments, and (iv) prepaid such portion of the term loan A outstanding under the Existing Credit Agreement immediately prior
to the Third Amendment Effective such that, after giving effect to such prepayment, the Lenders party to the Amended Credit Agreement
hold the portions of the Term Loan A as reflected on Schedule 1.1A attached hereto; and

 

(l)       receipt
by the Administrative Agent, the Foreign Trade Facility Agent, BofA Securities, and the Lenders of all fees and other amounts due
and payable on or prior to the Third Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all
out of pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party.

 

For purposes of determining
compliance with the conditions specified in this Section 2, each Lender that has signed this Amendment shall be deemed to
have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented
to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such
Lender prior to the date of this Amendment specifying its objection thereto.

 

3.       Exiting
Lenders. Each Person executing this Amendment as a “Lender” on the signature pages hereto that will not be a Lender
under the Amended Credit Agreement (each such Person, including, for the avoidance of doubt, in its capacity as Issuing Lender
and/or an FCI Issuing Lender, as

 

    3

     

    

 

applicable, an “Exiting Lender”)
is signing this Amendment for the sole purposes of amending the Existing Credit Agreement and assigning its commitments and outstanding
loans (if applicable) under the Existing Credit Agreement to Lenders (other than to any other Exiting Lender) as described in the
following sentence. Upon giving effect to this Amendment, (a) the loans of each Exiting Lender outstanding under the Existing Credit
Agreement immediately prior to the effectiveness of this Amendment shall be fully assigned at par to Lenders under the Amended
Credit Agreement (or otherwise repaid as contemplated by this Amendment and the Amended Credit Agreement), and the commitments
of each Exiting Lender existing under the Existing Credit Agreement immediately prior to the effectiveness of this Amendment shall
be fully assigned to Lenders under the Amended Credit Agreement so that, after giving effect to such assignments, the Lenders shall
hold each class of the Loans and Commitments and have the Applicable Percentages, in each case as set forth on Schedule 1.1A
attached hereto, (b) the obligations of each Exiting Lender to lend under the Amended Credit Agreement shall be terminated, (c)
each Exiting Lender shall no longer be a Lender under the Amended Credit Agreement or any other Loan Document, (d) no Exiting Lender
shall have any rights or duties as a Lender under the Amended Credit Agreement or any other Loan Document, except for rights or
duties in respect of expense reimbursement and indemnification provisions in the Existing Credit Agreement or any other Loan Document
which by their express terms would survive termination of the Existing Credit Agreement or such other Loan Document, and (e) the
Loan Parties shall have no obligations or liabilities to any Exiting Lender, except for obligations in respect of expense reimbursement
and indemnification provisions in the Existing Credit Agreement or any other Loan Document which by their express terms would survive
termination of the Existing Credit Agreement or such other Loan Document. To the extent any Exiting Lender is an Issuing Lender
and/or an FCI Issuing Lender under the Existing Credit Agreement, the Parent Borrower shall have made arrangements with such Exiting
Lender with respect to any letters of credit and foreign credit instruments under the Existing Credit Agreement and outstanding
immediately prior to the Third Amendment Effective Date, including the provision of cash collateral or other support, to the extent
such letters of credit and foreign credit instruments do not constitute Existing Letters of Credit or Existing FCIs, as applicable,
under the Amended Credit Agreement.

 

4.       Effect
of this Amendment; Reallocation and Restatement of Loans and Commitments.

 

(a)       The
parties hereto agree that, on the Third Amendment Effective Date, the following transactions shall be deemed to occur automatically,
without further action by any party hereto: (i) all obligations under the Existing Credit Agreement outstanding on the Third Amendment
Effective Date shall in all respects be continuing and shall be deemed to be Obligations outstanding under the Amended Credit Agreement;
(ii) the guarantees made to the holders of the obligations pursuant to the loan documents entered into in connection with the Existing
Credit Agreement shall remain in full force and effect with respect to the Obligations and are hereby reaffirmed; and (iii) the
security interests and liens granted in favor of Bank of America, as administrative agent for the benefit of the holders of the
obligations, created under the collateral documents entered into in connection with the Existing Credit Agreement shall remain
in full force and effect with respect to the Obligations and are hereby reaffirmed.

 

(b)       On
the Third Amendment Effective Date, the loans outstanding under the Existing Credit Agreement immediately prior to the effectiveness
of this Amendment, and the commitments existing under the Existing Credit Agreement immediately prior to the effectiveness of this
Amendment, in each case, shall be reallocated and restated among the Lenders party to the Amended Credit Agreement so that, after
giving effect to this Amendment, the Lenders party to the Amended Credit Agreement hold each class of the Loans and Commitments
and have the Applicable Percentages, in each case, as set forth on Schedule 1.1A attached hereto. The parties hereto agree
that the Parent Borrower, the Lenders, the Foreign Trade Facility Agent and the Administrative Agent shall effect such assignments,
prepayments,

 

    4

     

    

 

borrowings, reallocations and
restatements as are necessary (including pursuant to a cashless settlement mechanism approved by the Parent Borrower, any Lender,
the Foreign Trade Facility Agent and the Administrative Agent) to effectuate the modifications to the classes of Commitments and
Loans as contemplated in this Amendment. Each Lender party to the Amended Credit Agreement (excluding, for the avoidance of doubt,
the Exiting Lenders) hereby waives any amounts payable to such Lender pursuant to Section 2.18 of the Existing Credit Agreement
incurred as a result of the transactions contemplated by this Amendment.

 

5.       Miscellaneous.

 

(a)       The
Amended Credit Agreement and the obligations of the parties thereunder and under the other Loan Documents, are hereby ratified
and confirmed by each party hereto and shall remain in full force and effect according to their terms. The execution, delivery
and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Lender or any Agent under any of the Loan Documents, or, except as expressly provided herein, constitute a waiver
or amendment of any provision of any of the Loan Documents. The Loan Documents and any and all other documents heretofore, now
or hereafter executed and delivered pursuant to the terms of the Existing Credit Agreement are hereby amended so that any reference
to the Existing Credit Agreement shall mean a reference to the Amended Credit Agreement. This Amendment shall constitute a Loan
Document.

 

(b)       Each
Subsidiary Guarantor (i) acknowledges and consents to all of the terms and conditions of this Amendment, (ii) affirms all of its
obligations under each of the Loan Documents to which it is a party, and (iii) agrees that this Amendment and all documents executed
in connection herewith do not operate to reduce or discharge its obligations under the Loan Documents. With regard to § 3
Abs. 1 S. 1 Nr. 2, Abs. 4 German AML Act, each Subsidiary Guarantor confirms that any security or other credit support it is providing
under any of the Loan Documents is provided for the benefit of the applicable Borrower(s).

 

(c)       Each
Loan Party hereby represents and warrants as follows: (i) such Loan Party has taken all necessary action to authorize the execution,
delivery and performance of this Amendment; (ii) this Amendment has been duly executed and delivered by such Loan Party and constitutes
such Loan Party’s legal, valid and binding obligations, enforceable against such Loan Party in accordance with its terms,
subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally
and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law; and (iii) no
material consent or approval of, authorization or order of, or filing, registration or qualification with, any Governmental Authority
is required in connection with the execution, delivery or performance by such Loan Party of this Amendment.

 

(d)       Each
Lender (excluding any Exiting Lender) party hereto represents and warrants that, after giving effect to this Amendment, the representations
and warranties of such Lender set forth in the Amended Credit Agreement are true and correct as of the Third Amendment Effective
Date. Each Lender (excluding any Exiting Lender) party hereto hereby agrees to comply with the covenants applicable to such Lender
set forth in the Amended Credit Agreement.

 

(e)       This
Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a
signature page of this Amendment by telecopy or other electronic transmission shall be effective as delivery of a manually executed
counterpart of this Amendment.

 

    5

     

    

 

(f)       THIS
AMENDMENT shall be construed in accordance with and governed by the law of the State of
New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law).

 

[Signature pages follow]

 

    6

     

    

 

 

IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

	PARENT BORROWER:	SPX
    CORPORATION,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    Scott Sproule
	 	Name:	Scott
    Sproule
	 	Title:	CFO,
    Vice President and Treasurer
	 	 	 
	SUBSIDIARY GUARANTORS:	FLASH TECHNOLOGY, LLC,
	 	a
    Delaware limited liability company
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Vice
    President and Secretary
	 	 	 
	 	GENFARE
    HOLDINGS, LLC,
	 	a
    Delaware limited liability company
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Vice
    President and Secretary
	 	 	 
	 	MARLEY
    ENGINEERED PRODUCTS LLC,
	 	a
    Delaware limited liability company
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Executive
    Vice President and Secretary
	 	 	 
	 	SPX
    COOLING TECHNOLOGIES, INC.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Executive
    Vice President and Secretary

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

     

     

    

 

	 	SPX
    HEAT TRANSFER LLC,
	 	a
    Delaware limited liability company
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Vice
    President and Secretary
	 	 	 
	 	SPX
    HOLDING INC.,
	 	a
    Connecticut corporation
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Vice
    President and Secretary
	 	 	 
	 	SPX
    TRANSFORMER SOLUTIONS, INC.,
	 	a
    Wisconsin corporation
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Vice
    President and Secretary
	 	 	 
	 	TCI
    INTERNATIONAL, INC.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Vice
    President and Secretary
	 	 	 
	 	THE
    MARLEY COMPANY LLC,
	 	a
    Delaware limited liability company
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Executive
    Vice President and Secretary
	 	 	 
	 	THE
    MARLEY-WYLAIN COMPANY,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    Matthew Hanna
	 	Name:	Matthew
    Hanna
	 	Title:	Vice
    President, Secretary and Treasurer

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

     

     

    

 

	 	ELXSI
    CORPORATION,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Vice
    President and Secretary
	 	 	 
	 	CUES,
    INC.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    John W. Nurkin
	 	Name:	John
    Nurkin
	 	Title:	Vice
    President and Secretary

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

     

     

    

 

 

	ADMINISTRATIVE
    AGENT:	bank
    of america, n.a.,
	 	as Administrative Agent
	 	 	 
	 	By:	/s/
    Anthony Kell
	 	Name:	Anthony
    Kell
	 	Title:	Vice
    President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

     

     

    

 

	FOREIGN TRADE FACILITY AGENT:	DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,
	 	as Foreign Trade Facility Agent

 

	 	By:	/s/
    Christiane Roth
	 	Name:	Christiane
    Roth   
	 	Title:	Managing
    Director

 

	 	By:	/s/
    Myriam Rotthaus
	 	Name:	Myriam
    Rotthaus
	 	Title:	Vice
    President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

     

     

    

 

	LENDERS:	bank
    of america, n.a.,
	 	as a Lender, the Swingline Lender, an Issuing Lender, and a Participation FCI Issuing Lender
	 	 	 
	 	By:	/s/
    Stephen J. D’Elia
	 	Name:	Stephen
    J. D’Elia
	 	Title:	Vice
    President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

     

     

    

 

	 	DEUTSCHE
    BANK AG DEUTSCHLANDGESCHÄFT BRANCH,
	 	as
    a Lender, an Issuing Lender, a Participation FCI Issuing Lender and a Bilateral FCI Issuing Lender

 

	 	 	 
	 	By:	/s/
    Christiane Roth
	 	Name:	Christiane
    Roth
	 	Title:	Managing
    Director
	 	 	 
	 	By:	/s/
    Myriam Rotthaus
	 	Name:	Myriam
    Rotthaus
	 	Title:	Vice
    President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

     

     

    

 

	 	DEUTSCHE BANK AG NEW YORK BRANCH,
	 	as a Lender
	 	 	 
	 	By:	/s/
    Michael Strobel
	 	Name:	Michael
    Strobel
	 	Title:	Vice
    President
	 	 	 
	 	By:	/s/
    Philip Tancorra
	 	Name:	Philip
    Tancorra
	 	Title:	Associate

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	bnp paribas,
	 	as a Lender
	 	 	 
	 	By:	/s/
    Monica Tilani
	 	Name:	Monica
    Tilani
	 	Title:	Vice
    President
	 	 	 
	 	By:	/s/
    Kyle Fitzpatrick
	 	Name:	Kyle
    Fitzpatrick
	 	Title:	Vice
    President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	THE BANK OF NOVA SCOTIA,
	 	as a Lender and a Bilateral FCI Issuing Lender
	 	 	 
	 	By:	/s/
    Kevin McCarthy
	 	Name:	Kevin
    McCarthy
	 	Title:	Director

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	BBVA USA,
	 	as a Lender
	 	 	 
	 	By:	/s/
    April Chan
	 	Name:	April
    Chan
	 	Title:	Executive
    Director

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

 

 

 

	 	FIFTH THIRD BANK, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	By:	/s/
    David Izard
	 	Name:	David
    Izard
	 	Title:	Senior
    Vice President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	MUFG BANK, ltd.,
	 	as a Lender and a Participation FCI Issuing Lender
	 	 	 
	 	By:	/s/
    George Stoecklein
	 	Name:	George
    Stoecklein
	 	Title:	Managing
    Director

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender and an Issuing Lender
	 	 	 
	 	By:	/s/
    Gene R. Riego de Dios
	 	Name:	Gene
    R. Riego de Dios
	 	Title:	Executive
    Director

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	SUMITOMO MITSUI BANKING CORPORATION,
	 	as a Lender
	 	 	 
	 	By:	/s/
    Michael Maguire
	 	Name:	Michael
    Maguire
	 	Title:	Executive
    Director

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

 

 

 

	 	TRUIST BANK,
	 	as a Lender
	 	 	 
	 	By:	/s/
    Alexander Harrison
	 	Name:	Alexander
    Harrison
	 	Title:	Vice
    President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	td bank, n.a.,
	 	as a Lender
	 	 	 
	 	By:	/s/
    M. Bernadette Collins
	 	Name:	M.
    Bernadette Collins
	 	Title:	Senior
    Vice President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	REGIONS BANK,
	 	as a Lender
	 	 
	 	By:	/s/
    Jason Goetz
	 	Name:	Jason
    Goetz
	 	Title:	Senior
    Vice President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	CITIZENS BANK, N.A.,
	 	as a Lender
	 	 	 
	 	By:	/s/
    Douglas Kennedy
	 	Name:	Douglas
    Kennedy
	 	Title:	Senior
    Vice President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	THE HUNTINGTON NATIONAL BANK,
	 	as a Lender
	 	 	 
	 	By:	/s/
    Phil Andresen
	 	Name:	Phil
    Andresen
	 	Title:	Vice
    President

 

SPX CORPORATION

THIRD AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

 

	 	taiwan
    cooperative bank, los angeles branch,
	 	as
    a Lender
	 	 	 
	 	By:	/s/
    Tao-Lun Lin
	 	Name:	Tao-Lun
    Lin
	 	Title:	V.P.
    & General Manager

 

SPX
CORPORATION

THIRD
AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	e.sun
    commercial bank, ltd., los angeles branch,
	 	as
    a Lender
	 	 	 
	 	By:	/s/
    Mandy Yeh
	 	Name:	Mandy
    Yeh
	 	Title:	VP
    & General Manager

 

SPX
CORPORATION

THIRD
AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	credit
    agricole corporate and investment bank,
	 	as
    an Exiting Lender
	 	 	 
	 	By:	/s/
    Gordon Yip
	 	Name:	Gordon
    Yip
	 	Title:	Director
	 	 	 
	 	By:	/s/
    Andrew Sidford
	 	Name:	Andrew
    Sidford
	 	Title:	Managing
    Director

 

SPX
CORPORATION

THIRD
AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

	 	commerzbank
    ag, frankfurt branch,
	 	as
    an Exiting Lender
	 	 	 
	 	By:	/s/
    Marcel Berger
	 	Name:	Marcel
    Berger
	 	Title:	Assistant
    Vice President
	 	 	 
	 	By:	/s/
    Nils Deimel
	 	Name:	Nils
    Deimel
	 	Title:	Director
	 	 	 

 

SPX
CORPORATION

THIRD
AMENDMENT TO CREDIT AGREEMENT

 

    

     

    

 

Annex A

 

Amended Credit Agreement

 

See attached.

 

    

     

    

 

**ANNEX A TO THIRD AMENDMENT**

 

Published CUSIP Number: 78464FBA8

 

 

CREDIT
AGREEMENT

 

dated as of September 1, 2015,

 

among

 

SPX CORPORATION,

 

The
Foreign Subsidiary Borrowers Party Hereto,

 

BANK OF AMERICA, N.A.,

as Administrative Agent,

 

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT
BRANCH,

as Foreign Trade Facility Agent,

 

and

 

The
Lenders Party Hereto

 

 

 

BOFA
SECURITIES, INC.,

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT
BRANCH,

DEUTSCHE BANK SECURITIES INC.,

BNP
PARIBAS,

THE
BANK OF NOVA SCOTIA,

BBVA
USA,

FIFTH
THIRD BANK, NATIONAL ASSOCIATION,

MUFG
BANK, LTD.,

JPMORGAN
CHASE BANK, N.A.,

SUMITOMO
MITSUI BANKING CORPORATION,

SUNTRUST
ROBINSON HUMPHREY, INC.

and

TD
BANK, N.A

as Joint Lead Arrangers and Joint Bookrunners

 

 

    

     

    

 

TABLE OF CONTENTS

 

 

	Article I DEFINITIONS	1
	 	 
	Section 1.1	Defined Terms	1
	Section 1.2	Classification of Loans and Borrowings	49
	Section 1.3	Terms Generally	49
	Section 1.4	Accounting Terms; GAAP	50
	Section 1.5	Exchange Rates	51
	Section 1.6	Currency Conversion	51
	Section 1.7	Times of Day	52
	Section 1.8	Face Amount	52
	Section 1.9	Additional Alternative Currencies	52
	Section 1.10	LIBOR Successor Rate	53
	 	 	 
	Article II THE CREDITS	54
	 	 
	Section 2.1	Commitments; Incremental Facilities	54
	Section 2.2	Loans and Borrowings	60
	Section 2.3	Requests for Borrowings	61
	Section 2.4	Swingline Loans	62
	Section 2.5	Letters of Credit	63
	Section 2.6	FCIs	79
	Section 2.7	Funding of Borrowings	100
	Section 2.8	Interest Elections	100
	Section 2.9	Termination and Reduction of Commitments	101
	Section 2.10	Evidence of Debt	102
	Section 2.11	Repayment of Loans	103
	Section 2.12	Prepayment of Loans	104
	Section 2.13	Certain Payment Application Matters	106
	Section 2.14	Fees	106
	Section 2.15	Interest	109
	Section 2.16	Alternate Rate of Interest	110
	Section 2.17	Increased Costs	111
	Section 2.18	Break Funding Payments	112
	Section 2.19	Taxes	112
	Section 2.20	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	115
	Section 2.21	Mitigation Obligations; Replacement of Lenders	117
	Section 2.22	Change in Law	118
	Section 2.23	Foreign Subsidiary Borrowers	119
	Section 2.24	Defaulting Lenders	121
	Section 2.25	Lending Offices	124
	 	 	 
	Article III REPRESENTATIONS AND WARRANTIES	124
	 	 
	Section 3.1	Organization; Powers	124
	Section 3.2	Authorization; Enforceability	124
	Section 3.3	Governmental Approvals; No Conflicts	125
	Section 3.4	Financial Condition; No Material Adverse Change	125
	Section 3.5	Properties	125
	Section 3.6	Litigation and Environmental Matters	126
	Section 3.7	Compliance with Laws and Agreements	126

 

    vii

     

    

 

	Section 3.8	Investment Company Status	126
	Section 3.9	Taxes	126
	Section 3.10	ERISA	126
	Section 3.11	Disclosure	127
	Section 3.12	Subsidiaries	127
	Section 3.13	Labor Matters	127
	Section 3.14	Solvency	127
	Section 3.15	Senior Indebtedness	128
	Section 3.16	Security Documents	128
	Section 3.17	OFAC; Anti-Money Laundering Laws; Patriot Act; FCPA	128
	Section 3.18	Representations as to Foreign Obligors	129
	Section 3.19	EEA Financial Institution	130
	Section 3.20	Covered Entities	130
	 	 	 
	Article IV CONDITIONS	130
	 	 
	Section 4.1	[Reserved]	130
	Section 4.2	[Reserved]	130
	Section 4.3	Each Credit Event	130
	 	 	 
	Article V AFFIRMATIVE COVENANTS	131
	 	 
	Section 5.1	Financial Statements and Other Information	131
	Section 5.2	Notices of Material Events	133
	Section 5.3	Information Regarding Collateral	134
	Section 5.4	Existence	134
	Section 5.5	Payment of Obligations	134
	Section 5.6	Maintenance of Properties	134
	Section 5.7	Insurance	135
	Section 5.8	Books and Records; Inspection and Audit Rights	135
	Section 5.9	Compliance with Laws and Contractual Obligations	135
	Section 5.10	Use of Proceeds and Letters of Credit and FCIs	135
	Section 5.11	Additional Collateral	135
	Section 5.12	Further Assurances	138
	Section 5.13	Unrestricted Subsidiaries	139
	Section 5.14	Anti-Corruption Laws; Sanctions	139
	 	 	 
	Article VI NEGATIVE COVENANTS	139
	 	 
	Section 6.1	Financial Condition Covenants	140
	Section 6.2	Indebtedness	140
	Section 6.3	Liens	143
	Section 6.4	Fundamental Changes	145
	Section 6.5	Investments, Loans, Advances, Guarantees and Acquisitions	146
	Section 6.6	Disposition of Assets	148
	Section 6.7	Sale and Leaseback Transactions	150
	Section 6.8	Restricted Payments	150
	Section 6.9	Payments of Certain Subordinated Debt; Certain Derivative Transactions	151
	Section 6.10	Transactions with Affiliates	152
	Section 6.11	Restrictive Agreements	152
	Section 6.12	Amendment of Material Documents, etc.	153
	Section 6.13	Sanctions	153
	Section 6.14	Anti-Corruption Laws	154

 

    viii

     

    

 

	Article VII EVENTS OF DEFAULT	154
	 	 
	Article VIII THE AGENTS	156
	 	 
	Section 8.1	Appointment and Authority	156
	Section 8.2	Rights as a Lender	157
	Section 8.3	Exculpatory Provisions	157
	Section 8.4	Reliance by the Agents	158
	Section 8.5	Delegation of Duties	159
	Section 8.6	Resignation of Agents	159
	Section 8.7	Non-Reliance on Agents and Other Lenders	161
	Section 8.8	No Other Duties; Etc.	162
	Section 8.9	Administrative Agent May File Proofs of Claim	162
	Section 8.10	Collateral and Guaranty Matters	162
	Section 8.11	ERISA Matters	163
	 	 	 
	Article IX MISCELLANEOUS	164
	 	 
	Section 9.1	Notices	164
	Section 9.2	Waivers; Amendments	165
	Section 9.3	Expenses; Indemnity; Damage Waiver	169
	Section 9.4	Successors and Assigns; Participations and Assignments	171
	Section 9.5	Survival	176
	Section 9.6	Counterparts; Integration	177
	Section 9.7	Severability	177
	Section 9.8	Right of Setoff	177
	Section 9.9	Governing Law; Jurisdiction; Consent to Service of Process	178
	Section 9.10	Headings	178
	Section 9.11	Confidentiality	179
	Section 9.12	Waiver of Jury Trial	179
	Section 9.13	Release of Collateral	179
	Section 9.14	Judgment Currency	180
	Section 9.15	USA Patriot Act Notice	181
	Section 9.16	Electronic Execution of Assignments and Certain Other Documents	181
	Section 9.17	No Advisory or Fiduciary Responsibility	181
	Section 9.18	Keepwell	182
	Section 9.19	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	182
	Section 9.20	Acknowledgement Regarding Any Supported QFC	183

 

    ix

     

    

 

SCHEDULES:

 

	1.1A	Commitments
	1.1B	Material Subsidiaries
	1.1C	FCI Requirements
	1.1D	Existing FCIs
	1.1E	Existing Letters of Credit
	1.1F	Issuing Lender Sublimits
	2.6(g)	Obligations of FCI Issuing Lenders
	2.6(k)	Procedures for Release of FCIs
	2.6(m)	Form of Agreement for Joint Signature FCIs
	2.6(r)	Reports
	3.4	Disclosed Matters
	3.12	Subsidiaries
	3.16	UCC Filing Jurisdictions
	9.4(k)	Dutch Auction Procedures

 

EXHIBITS:

 

	A	Form of Closing Certificate
	B	Form of Assignment and Assumption
	C	Form of Exemption Certificate
	D	Form of Borrowing Subsidiary Agreement
	E	Form of Borrowing Subsidiary Termination
	F	Form of Incremental Facility Activation Notice
	G	Form of New Lender Supplement
	H	Form of Utilization Request
	I	Form of Domestic Revolving Note
	J	Form of Global Revolving Note
	K	Form of Term A Note
	L	Form of Swingline Note
	M	Form of Incremental Term Note
	N	Form of Compliance Certificate
	O	Form of FCI Issuing Lender Joinder Agreement
	P	Form of Notice of Loan Prepayment

 

    x

     

    

 

 

CREDIT AGREEMENT

 

CREDIT AGREEMENT, dated
as of September 1, 2015, among SPX CORPORATION, a Delaware corporation (the “Parent Borrower”), the Foreign
Subsidiary Borrowers (as hereinafter defined) party hereto, the Lenders party hereto, DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT
BRANCH, as Foreign Trade Facility Agent, and BANK OF AMERICA, N.A., as Administrative Agent.

 

WHEREAS, the Parent
Borrower has requested that the Lenders provide credit facilities for the purposes set forth herein, and the Lenders are willing
to do so on the terms and conditions set forth herein.

 

NOW, THEREFORE, IN
CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties hereto agree as follows:

 

Article
I

DEFINITIONS

 

Section 1.1             
Defined Terms.

 

As used in this Agreement,
the following terms have the meanings specified below:

 

“4.00x Leverage
Increase”: as defined in Section 6.1(a).

 

“4.25x Leverage
Increase”: as defined in Section 6.1(a).

 

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

 

“Acknowledgement
and Consent”: an acknowledgement and consent provided by the issuer of Capital Stock as Collateral pursuant to the Guarantee
and Collateral Agreement.

 

“Acquisition
Agreement”: as defined in Section 2.1(b).

 

“Acquisition
Financing Commitments”: as defined in Section 2.1(b).

 

“Additional
Domestic Revolving Commitment Lender”: as defined in Section 2.1(c)(iii).

 

“Additional
FCI Issuing Lender”: as defined in Section 2.6(b)(iv).

 

“Additional
Global Revolving Commitment Lender”: as defined in Section 2.1(d)(iii).

 

“Additional
Participation FCI Lender”: as defined in Section 2.6(b)(iii).

 

“Adjusted
Eurocurrency Rate”: with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum equal
to (a) the Eurocurrency Rate for such Interest Period multiplied by (b) the Eurocurrency Reserve Percentage.

 

“Adjustment”:
as defined in Section 1.10.

 

     

     

    

 

“Administrative
Agent”: Bank of America (or any of its designated branch offices or affiliates), in its capacity as administrative agent
for the Lenders hereunder; it being understood that matters concerning FCIs will be administered by Deutsche Bank (the “Foreign
Trade Facility Agent”) and therefore all notices concerning such FCIs will be required to be given at the Foreign Trade
Facility Administrative Office.

 

“Administrative
Agent’s Office”: with respect to any currency, the Administrative Agent’s address as set forth in Section
9.1(b) with respect to such currency or such other address with respect to such currency as the Administrative Agent may from
time to time notify to the Parent Borrower and the Lenders.

 

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

 

“Advance Payment
Guarantee”: a customary standby letter of credit or bank guarantee or surety issued by an FCI Issuing Lender (with respect
to FCIs) or an Issuing Lender (with respect to the Non-Financial Letters of Credit), in each case in favor of customers of the
Parent Borrower or any of its Restricted Subsidiaries or Joint Ventures for the purpose of securing the obligation to refund advance
payments made by such customers in the case contractual obligations vis-à-vis such customers are not fulfilled.

 

“Affiliate”:
as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common control
with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly,
either to (a) vote 10% or more of the securities having ordinary voting power for the election of directors (or persons performing
similar functions) of such Person or (b) direct or cause the direction of the management and policies of such Person, whether by
contract or otherwise.

 

“Agent Parties”:
as defined in Section 9.1.

 

“Agents”:
the Administrative Agent and the Foreign Trade Facility Agent, and “Agent” means any one of them.

 

“Agreement”:
this Credit Agreement.

 

“Alternate
Base Rate”: for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Effective Rate plus
0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime
rate” and (c) the Eurocurrency Rate plus 1.0%; provided that if the Alternate Base Rate shall be less than
zero, such rate shall be deemed zero for purposes of this Agreement. The “prime rate” is a rate set by Bank of America
based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors,
and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change
in the “prime rate” announced by Bank of America shall take effect at the opening of business on the day specified
in the public announcement of such change. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to
Section 2.16, then the Alternate Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without
reference to clause (c) above.

 

“Alternate
Rate”: a rate per annum approved by the Administrative Agent as a result of any Law making it unlawful, or any Governmental
Authority asserting that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund loans whose
interest is determined by reference to

 

    2 

     

    

 

the Eurocurrency Rate (whether denominated
in Dollars or an Alternative Currency), or to determine or charge interest rates based upon the Eurocurrency Rate, or any Governmental
Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars
or any Alternative Currency in the applicable interbank market; provided that if the Alternate Rate shall be less than zero,
such rate shall be deemed zero for purposes of this Agreement.

 

“Alternate
Rate Loan”: a Loan that bears interest based on the Alternate Rate.

 

“Alternative
Currency”: (a) Euro, Sterling, Australian Dollars, Canadian Dollars, Yen, Danish Krone, New Zealand Dollars, Swedish
Krona and Swiss Franc and (b) for each Facility, any other currency that is approved in accordance with Section 1.9 for
such Facility.

 

“Alternative
Currency Financial LC Exposure”: at any time, the sum of (a) the Dollar Equivalent of the aggregate outstanding amount
of obligations under all Alternative Currency Letters of Credit that are Financial Letters of Credit at such time plus (b) the
Dollar Equivalent of the aggregate principal amount of all Financial LC Disbursements in respect of Alternative Currency Letters
of Credit that are Financial Letters of Credit that have not yet been reimbursed at such time.

 

“Alternative
Currency Letter of Credit”: a Letter of Credit denominated in an Alternative Currency. Notwithstanding anything to the
contrary set forth herein, Alternative Currency Letters of Credit that are Financial Letters of Credit may only be issued by Bank
of America, in its capacity as an Issuing Lender.

 

“Alternative
Currency Non-Financial LC Exposure”: at any time, the sum of (a) the Dollar Equivalent of the aggregate outstanding amount
of obligations under all Alternative Currency Letters of Credit that are Non-Financial Letters of Credit at such time plus (b)
the Dollar Equivalent of the aggregate principal amount of all Non-Financial LC Disbursements in respect of Alternative Currency
Letters of Credit that are Non-Financial Letters of Credit that have not yet been reimbursed at such time.

 

“Applicable
Domestic Revolving Percentage”: with respect to any Domestic Revolving Lender at any time, such Domestic Revolving Lender’s
Applicable Percentage in respect of the total Domestic Revolving Commitments at such time.

 

“Applicable
Foreign Obligor Documents”: as defined in Section 3.18(a).

 

“Applicable
Global Revolving Percentage”: with respect to any Global Revolving Lender at any time, such Global Revolving Lender’s
Applicable Percentage in respect of the total Global Revolving Commitments at such time.

 

“Applicable
Participation FCI Percentage”: with respect to any Lender at any time, such Global Lender’s Applicable Percentage
in respect of the total Participation FCI Commitments at such time.

 

“Applicable
Percentage”: with respect to any Lender, (a) with respect to such Lender’s Domestic Revolving Commitment at any
time, the percentage (carried out to the ninth decimal place) of the total Domestic Revolving Commitments represented by such Lender’s
Domestic Revolving Commitment, (b) with respect to such Lender’s Global Revolving Commitment at any time, the percentage
(carried out to the ninth decimal place) of the total Global Revolving Commitments represented by such Lender’s Global Revolving
Commitment, (c) with respect to such Lender’s Participation FCI Commitment at any time, the percentage (carried out to the
ninth decimal place) of the total Participation FCI Commitments represented by such Lender’s Participation FCI Commitment,
and (d) with respect to such Lender’s portion of the outstanding Term Loan A at any time, the percentage (carried out to
the ninth decimal

 

    3 

     

    

 

place) of the outstanding principal amount
of the Term Loan A held by such Lender at such time. The Applicable Percentage of each Lender party to this Agreement as of the
Third Amendment Effective Date is set forth opposite the name of such Lender on Schedule 1.1A. The initial Applicable Percentage
of each Lender that becomes a party to this Agreement after the Third Amendment Effective Date shall be set forth in the Assignment
and Assumption or other agreement pursuant to which such Lender becomes a party hereto, as applicable. If (x) the Domestic Revolving
Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Domestic Revolving Commitments
most recently in effect, giving effect to any assignments, (y) the Global Revolving Commitments have terminated or expired, the
Applicable Percentages shall be determined based upon the Global Revolving Commitments most recently in effect, giving effect to
any assignments, or (z) the Participation FCI Commitments have terminated or expired, the Applicable Percentages shall be determined
based upon the Participation FCI Commitments most recently in effect, giving effect to any assignments. In the case when a Defaulting
Lender shall exist, the “Applicable Percentage” shall be determined in accordance with Section 2.24(a)(iv).

 

“Applicable
Rate”:

 

(a)       with
respect to any Loans (other than Incremental Term Loans), Domestic Revolving Commitment Fees, Global Revolving Commitment Fees,
Financial Letter of Credit Fees, Non-Financial Letter of Credit Fees, Participation FCI Fees, Bilateral FCI Fees, Participation
FCI Commitment Fees, and Bilateral FCI Commitment Fees for any day, the applicable rate per annum set forth in the grid below (based
upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent
pursuant to Section 5.1(c)) opposite the applicable Pricing Tier then in effect:

 

	Pricing 

Tier	 	Consolidated 
Leverage Ratio	 	 	Domestic
 Revolving 
Commitment Fee	 	 	Global
 Revolving 
Commitment Fee	 	 	Financial
 Letter of
 Credit Fee	 	 	Participation FCI
 Commitment Fee
 and Bilateral FCI
 Commitment Fee	 	 	Participation FCI Fee,
 Bilateral FCI Fee
 and Non-Financial
 Letter of Credit Fee	 	 	Eurocurrency
 Loans	 	 	ABR 

Loans	 
	1	 	 	<1.75 to
1.0	 	 	 	0.250	%	 	 	0.250	%	 	 	1.375	%	 	 	0.250	%	 	 	0.800	%	 	 	1.375	%	 	 	0.375	%
	2	 	 	>1.75 to 1.0

 but

 < 2.50 to 1.0	 	 	 	0.275	%	 	 	0.275	%	 	 	1.500	%	 	 	0.275	%	 	 	0.875	%	 	 	1.500	%	 	 	0.500	%
	3	 	 	>2.50 to 1.0

 but

 < 3.50 to 1.0	 	 	 	0.300	%	 	 	0.300	%	 	 	1.750	%	 	 	0.300	%	 	 	1.000	%	 	 	1.750	%	 	 	0.750	%
	4	 	 	>3.50 to
1.0	 	 	 	0.350	%	 	 	0.350	%	 	 	2.000	%	 	 	0.350	%	 	 	1.250	%	 	 	2.000	%	 	 	1.000	%

 

(b)       for
any Incremental Term Loans, such per annum rates as shall be agreed to by the Parent Borrower and the applicable Incremental Term
Lenders as shown in the applicable Incremental Facility Activation Notice; and

 

(c)       for
Bilateral FCIs and Bilateral Joint Signature FCIs for any day, the applicable rate per annum set forth in the grid above (based
upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent
pursuant to Section 5.1(c)) opposite the applicable Pricing Tier then in effect (or such other rate as may be agreed in
writing from time to time between the Parent Borrower and the applicable Bilateral FCI Issuing Lender).

 

    4 

     

    

 

For purposes of the
foregoing, each change in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall be effective as
of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 5.1(c);
provided that (i) Pricing Tier 4 shall apply at any time that an Event of Default has occurred and is continuing and (ii)
at the option of the Administrative Agent or at the request of the Required Lenders, if a Compliance Certificate is not delivered
when due in accordance with Section 5.1(c), Pricing Tier 4 shall apply as of the first Business Day after the date on which
such Compliance Certificate was required to have been delivered and shall continue to apply until the first Business Day immediately
following the date a Compliance Certificate is delivered in accordance with Section 5.1(c), whereupon the Applicable Rate
shall be adjusted based upon the calculation of the Consolidated Leverage Ratio contained in such Compliance Certificate. The Applicable
Rate in effect from the Third Amendment Effective Date through the first Business Day immediately following the date a Compliance
Certificate is required to be delivered pursuant to Section 5.1(c) for the fiscal quarter ending March 31, 2020 shall be
determined based upon Pricing Tier 2. Notwithstanding anything to the contrary contained in this definition, the determination
of the Applicable Rate for any period shall be subject to the provisions of Section 2.15(f).

 

“Applicable
Time”: with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement
for such Alternative Currency as may be determined by the Administrative Agent to be necessary for timely settlement on the relevant
date in accordance with normal banking procedures in the place of payment.

 

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

 

“Asset Swap”:
the exchange by the Parent Borrower or a Restricted Subsidiary of any portion of its assets for other assets which, or Capital
Stock of a Person all or substantially all of the assets of which, are of a type used in the business of the Parent Borrower and
its Restricted Subsidiaries or in a related business, or a combination of any such assets or Capital Stock of such a Person and
cash or Permitted Investments; provided that in the case of any such exchange involving the exchange of assets having an
aggregate fair market value in excess of $100,000,000, either (a) the board of directors of the Parent Borrower or (b) the chief
financial officer of the Parent Borrower shall have determined in good faith that the aggregate fair market value of the assets
and other consideration received in connection therewith shall at least equal the aggregate fair market value of the assets so
exchanged.

 

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

 

“Assignment
and Assumption”: an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of
any party whose consent is required by Section 9.4(b)), and accepted by the Administrative Agent, in substantially the form
of Exhibit B or any other form (including electronic documentation generated by use of an electronic platform) approved
by the Administrative Agent.

 

“Assumption
Agreement”: an assumption entered into by an additional grantor pursuant to Section 5.11(a) and accepted by the
Administrative Agent, in substantially the form of Annex 2 to the Guarantee and Collateral Agreement.

 

“Attributable
Debt”: in respect of a Sale/Leaseback Transaction, as at the time of determination, the present value (discounted at
the interest rate assumed in making calculations in accordance with FAS 13) of the total obligations of the Parent Borrower or
the relevant Restricted Subsidiary, as lessee, for

 

    5 

     

    

 

rental payments during the remaining term
of the lease included in such Sale/Leaseback Transaction (including any period for which such lease has been extended).

 

“Australian
Dollar”: the lawful currency of Australia.

 

“Auto-Extension
Letter of Credit”: as defined in Section 2.5(b)(i).

 

“Available
Amount”: the sum of (a) $100,000,000; plus (b) a positive amount equal to 50% of cumulative Consolidated Net Income
during the period from the Effective Date to the end of the most recent fiscal quarter preceding the date of any Investment, Restricted
Payment or prepayment of Subordinated Debt, in each case, using any portion of the Available Amount for which financial statements
have been (or were required to be) delivered pursuant to Section 5.1(a) or (b) (or, in case such Consolidated Net
Income is a deficit, minus 100% of such deficit); plus (c) the cumulative amount of Net Proceeds from (i) the sale
of Capital Stock (other than any Disqualified Capital Stock) of the Parent Borrower after the Funding Date and on or prior to such
time, which Net Proceeds have been received in the form of common equity by, or contributed as common equity to the capital of,
the Parent Borrower and (ii) the principal amount of Indebtedness (other than Indebtedness that is contractually subordinated to
the Obligations or that is owed to an Unrestricted Subsidiary) of the Parent Borrower or any Restricted Subsidiary owed to a Person
that is not a Loan Party or a Subsidiary of a Loan Party incurred after the Funding Date that is converted to common equity (other
than any Disqualified Capital Stock) of the Parent Borrower after the Funding Date, in the case of each of clauses (i) and (ii),
to the extent not previously applied for a purpose other than use in the Available Amount; plus (d) in the event any Unrestricted
Subsidiary has been re-designated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or transfers
or conveys its assets to, or is liquidated into, the Parent Borrower or a Restricted Subsidiary, in each case after the Funding
Date, the fair market value of the Investments of the Parent Borrower and the Restricted Subsidiaries in such Unrestricted Subsidiary
as of the time of such re-designation, combination or transfer (or of the assets transferred or conveyed, as applicable) so long
as such Investments were originally made pursuant to Section 6.5(m)(ii)(B); provided that, in each case, such amount
does not exceed the amount of such Investment made pursuant to such Section as such amount is reduced by any returns contemplated
by the following clause (e) prior to such time; plus (e) to the extent not already included in Consolidated Net Income,
an amount equal to any returns (including dividends, interest, distributions, returns of principal, profits on sale, repayments,
income and similar amounts) actually received in cash or cash equivalents by the Parent Borrower or any Restricted Subsidiary after
the Funding Date in respect of any Investments made pursuant to Section 6.5(m)(ii)(B); provided, in each case, that
such amount does not exceed the amount of such Investment made pursuant to such Section; minus (f) any portion of the Available
Amount used to make Investments pursuant to Section 6.5(m)(ii)(B), Restricted Payments pursuant to Section 6.8(e)(i)(B)
and prepayments of Subordinated Debt pursuant to Section 6.9(a)(iii)(A), in each case, after the Funding Date and prior
to such time.

 

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

 

“Bail-In Legislation”:
with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council
of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule.

 

“Balcke Dürr
Disposition”: the Disposition by the Parent Borrower of its European Power Generation business to mutares AG, a German-based
publicly traded industrial holding company.

 

    6 

     

    

 

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

 

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

 

“Beneficial
Ownership Regulation”: 31 C.F.R. § 1010.230.

 

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

 

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

 

“Bilateral
FCI”: a Warranty Guarantee, a Performance Guarantee, an Advance Payment Guarantee, a Tender Guarantee, a General Purpose
Guarantee, a Counter-Guarantee or a Trade LC, in each case issued by a Bilateral FCI Issuing Lender pursuant to the terms hereof
or an Existing FCI designated as a Bilateral FCI on Schedule 1.1 D.

 

“Bilateral
FCI Commitment Fee”: as defined in Section 2.6(p)(i)(B).

 

“Bilateral
FCI Fee”: as defined in Section 2.6(p)(ii)(B).

 

“Bilateral
FCI Issuing Commitment”: with respect to each Bilateral FCI Issuing Lender, the commitment of such Bilateral FCI Issuing
Lender to issue Bilateral FCIs, as such commitment may be changed from time to time pursuant to this Agreement. The Bilateral FCI
Issuing Commitment of each Bilateral FCI Issuing Lender party to this Agreement on the Third Amendment Effective Date is set forth
opposite the name of such Bilateral FCI Issuing Lender on Schedule 1.1A. The initial Bilateral FCI Issuing Commitment of
each Bilateral FCI Issuing Lender that becomes a party to this Agreement after the Third Amendment Effective Date shall be set
forth in the Assignment and Assumption or other agreement pursuant to which such Bilateral FCI Issuing Lender becomes a party hereto,
as applicable. The aggregate principal amount of the Bilateral FCI Issuing Commitments as of the Third Amendment Effective Date
is FORTY-FIVE MILLION DOLLARS ($45,000,000).

 

“Bilateral
FCI Issuing Lender”: (a) a Lender with a Bilateral FCI Issuing Commitment or with FCI Issuing Lender Exposure related
to Bilateral FCIs, (b) a Person whose Bilateral FCI Issuing Commitment was terminated pursuant to the terms of Section 2.6(b)(i)
but that has issued prior to such termination any Bilateral FCI pursuant to Section 2.6 that continues to remain outstanding
following such termination (for which it has not received a Counter-Guarantee or in respect of which the Parent Borrower or other
relevant Borrower has not provided Cash Cover (or other credit support) in accordance with Section 2.6(p)(vii), in each
case as credit support for such Bilateral FCI, provided that if it has received such a Counter-Guarantee or such Cash Cover
(or other credit support) has been provided, it shall continue to have the rights and obligations of a Bilateral FCI Issuing Lender
to the extent provided in Section 2.6(b)(i)), and (c) with respect to the Existing FCIs, a Lender designated as the issuer
of an Existing FCI that is a Bilateral FCI.

 

“Bilateral
FCI Reimbursement Obligation”: the obligation of each relevant Borrower to reimburse the relevant Bilateral FCI Issuing
Lender pursuant to Section 2.6(h) for FCI Disbursements with respect to Bilateral FCIs.

 

    7 

     

    

 

“Bilateral
Foreign Trade Facility”: as defined in the definition of Facility.

 

“Bilateral
Joint Signature FCI”: a Bilateral FCI issued by two or more Bilateral FCI Issuing Lenders acting as several debtors in
accordance with Section 2.6(m).

 

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

 

“BofA Securities”:
BofA Securities, Inc.

 

“Borrower
Materials”: as defined in Section 5.1.

 

“Borrowers”:
the collective reference to the Parent Borrower and the Foreign Subsidiary Borrowers.

 

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

 

“Borrowing
Request”: a request by the relevant Borrower for a Borrowing in accordance with Section 2.3. A Borrowing Request
shall be in a form approved by the Administrative Agent (including any form on an electronic platform or electronic transmission
system as shall be approved by the Administrative Agent), and shall be appropriately completed and signed by a Responsible Officer
of the Parent Borrower (or, in the case of Borrowings by a Foreign Subsidiary Borrower, signed by the Parent Borrower or such Foreign
Subsidiary Borrower, as specified by the Parent Borrower by prior written notice to the Administrative Agent).

 

“Borrowing
Subsidiary Agreement”: each Borrowing Subsidiary Agreement delivered after the Effective Date, substantially in the form
of Exhibit D.

 

“Borrowing
Subsidiary Termination”: a Borrowing Subsidiary Termination, substantially in the form of Exhibit E.

 

“Business
Day”: any day that is not a Saturday, Sunday or other day on which commercial banks are authorized to close under the
laws of, or are in fact generally closed in, New York City, with respect to Obligations denominated in Dollars and: (a) if such
day relates to any interest rate settings as to a Eurocurrency Loans denominated in Dollars, any fundings, disbursements, settlements
and payments in Dollars in respect of any such Eurocurrency Loan, or any other dealings in Dollars to be carried out pursuant to
this Agreement in respect of any such Eurocurrency Loan, means any such day on which dealings in deposits in Dollars are conducted
by and between banks in the London interbank eurodollar market, (b) if such day relates to any interest rate settings as to a Eurocurrency
Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Eurocurrency Loan,
or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan, means a TARGET
Day, (c) if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in a currency other than Dollars
or Euro, means any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London
or other applicable offshore interbank market for such currency, (d) if such day relates to any fundings, disbursements, settlements
and payments in a currency other than Dollars or Euro in respect of a Eurocurrency Loan denominated in a currency other than Dollars
or Euro, or any other dealings in any currency other than Dollars or Euro to be carried out pursuant to this Agreement in respect
of any such Eurocurrency Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange
business in the principal financial center of the country of such currency, (e) with

 

    8 

     

    

 

respect to the issuance of any FCI by an
FCI Issuing Lender, such day is also a day on which banks are open for general business at the Foreign Trade Facility Administrative
Office and the Lending Office of such FCI Issuing Lender, (f) with respect to any Utilization Reduction Notice given by an FCI
Issuing Lender, such day is also a day on which banks are open for general business at the Lending Office of such FCI Issuing Lender,
(g) with respect to any calculation of the Dollar Equivalent pursuant to Section 2.6(n), the distribution of reports pursuant
to Section 2.6(r) and the determination of a Rebasing Date, such day is also a day on which banks are open for general business
at the Foreign Trade Facility Administrative Office and (h) in all other cases with respect to the Foreign Trade Facility, such
day is also a day on which banks are open for general business in Düsseldorf.

 

“Calculation
Date”: (a) with respect to any Loan, each of the following: (i) each date of a Borrowing of a Eurocurrency Loan denominated
in an Alternative Currency, (ii) each date of a continuation of a Eurocurrency Loan denominated in an Alternative Currency pursuant
to Section 2.3 and/or Section 2.8, and (iii) such additional dates as the Administrative Agent shall determine
or the Required Lenders shall require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance
of a Letter of Credit denominated in an Alternative Currency, (ii) each date of an amendment of any such Letter of Credit having
the effect of increasing the amount thereof, (iii) each date of any payment by the applicable Issuing Lender under any Letter of
Credit denominated in an Alternative Currency, and (iv) such additional dates as the Administrative Agent or the applicable Issuing
Lender shall determine or the Required Lenders shall require.

 

“Canadian
Dollar”: the lawful currency of Canada.

 

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

 

“Capital Stock”:
shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a
trust or other equity ownership interests in a Person.

 

“Cash Cover”:
as defined in Section 2.6(o)(iv).

 

“Change in
Law”: (a) the adoption of any law, rule or regulation after June 30, 2011 (or, with respect to any Person that becomes
a Lender after June 30, 2011, after the date that such Person becomes a Lender), (b) any change in any law, rule or regulation
or in the interpretation or application thereof by any Governmental Authority after June 30, 2011 (or, with respect to any Person
that becomes a Lender after June 30, 2011, after the date that such Person becomes a Lender) or (c) compliance by any Lender, Issuing
Lender or FCI Issuing Lender (or, for purposes of Section 2.17(b), by any Lending Office of such Lender, Issuing Lender
or FCI Issuing Lender or by such Person’s holding company, if any) with any request, guideline or directive (whether or not
having the force of law) of any Governmental Authority made or issued after June 30, 2011 (or, with respect to any Person that
becomes a Lender, Issuing Lender or FCI Issuing Lender after June 30, 2011, after the date that such Person becomes a Lender, Issuing
Lender or FCI Issuing Lender, as applicable); provided, however, that notwithstanding anything herein to the contrary,
(i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines or directives
thereunder or issued in connection therewith in implementation thereof and (ii) all requests, rules, guidelines, requirements and
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor
or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in

 

    9 

     

    

 

each case referred to in clause (i) or
(ii) be deemed to be a “Change in Law”, regardless of the date enacted, adopted, implemented or issued.

 

“Change of
Control”: (a) the acquisition of ownership, directly or indirectly, beneficially, by any “person” or “group”
(within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as
in effect on the Effective Date) of Capital Stock representing more than 35% of either the aggregate ordinary voting power or the
aggregate equity value represented by the issued and outstanding Capital Stock of the Parent Borrower; or (b) occupation of a majority
of the seats (other than vacant seats) on the board of directors of the Parent Borrower by Persons who were neither (i) nominated,
appointed or approved for election by the board of directors of the Parent Borrower nor (ii) appointed by directors so nominated,
appointed or approved for election; or (c) the occurrence of a “Change of Control” (or any comparable concept) as defined
in any Subordinated Debt Documents or any Other Permitted Debt Documents.

 

“Class”:
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Domestic
Revolving Loans, Global Revolving Loans, the Term Loan A, Incremental Term Loans or Swingline Loans and, when used in reference
to any Commitment, refers to whether such Commitment is a Domestic Revolving Commitment, a Global Revolving Commitment, a Bilateral
FCI Issuing Commitment, a Participation FCI Issuing Commitment, a Participation FCI Commitment, a Term Loan A Commitment or an
Incremental Term Loan Commitment.

 

“Code”:
the Internal Revenue Code of 1986, as amended from time to time.

 

“Collateral”:
all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security
Document.

 

“Collateral
Date”: each date on which, pursuant to Section 5.1, the Parent Borrower delivers annual financial statements in
respect of its fiscal year or quarterly financial statements in respect of the second quarter of its fiscal year.

 

“Commercial
Lifetime”: with respect to any FCI that does not provide for a specific expiration date, the period from the date of
issuance thereof until the expected maturity of such FCI as indicated by the relevant Borrower in its reasonable discretion in
the relevant Utilization Request determined on the basis of the lifetime of the underlying obligations.

 

“Commitment”:
a Domestic Revolving Commitment, a Global Revolving Commitment, a Term Loan A Commitment, an Incremental Term Loan Commitment,
a Bilateral FCI Issuing Commitment, a Participation FCI Issuing Commitment, a Participation FCI Commitment or any combination thereof
(as the context requires).

 

“Commodity
Exchange Act”: the Commodity Exchange Act (7 U.S.C. § 1 et seq.) as amended or otherwise modified, and any
successor statute.

 

“Compliance
Certificate”: as defined in Section 5.1(c).

 

“Consideration”:
in connection with any acquisition or Investment, the consideration paid by the Parent Borrower or any of its Restricted Subsidiaries
in connection therewith (including consideration in the form of issuance of Capital Stock of the Parent Borrower or any Restricted
Subsidiary and assumption of Indebtedness but excluding, for the purposes of any calculation made pursuant to Section 6.5,
consideration in the form of issuance of Capital Stock of the Parent Borrower).

 

    10 

     

    

 

“Consolidated EBITDA”:
for any period, Consolidated Net Income for such period, plus (a) without duplication and to the extent reflected as a charge
in the statement of such Consolidated Net Income for such period (except with respect to clauses (a)(xiii) and (a)(xvii) below),
the sum of (i) income tax expense, (ii) interest expense, amortization or write-off of debt discount and debt issuance costs and
commissions, discounts and other premiums, fees and charges associated with Indebtedness or any Qualified Receivables Transaction,
whether in connection with the Incurrence, prepayment, redemption, termination or wind-down thereof or otherwise associated with
Indebtedness or any Qualified Receivables Transaction (including the Loans and net costs under Hedging Agreements), (iii) depreciation
and amortization expense, (iv) amortization or write-off of intangibles (including goodwill) and organization costs, (v) any unusual
and infrequent or non-recurring non-cash expenses or non-cash losses; provided that in the event that the Parent Borrower
or any of its Restricted Subsidiaries makes any cash payment in respect of any such unusual and infrequent or non-recurring non-cash
expense, such cash payment shall be deducted from Consolidated EBITDA in the period in which such cash payment is made, (vi) losses
on Dispositions of assets outside of the ordinary course of business, (vii) unusual and infrequent or non-recurring cash charges
resulting from restructuring, severance, plant-closings, integration and other non-recurring events; provided that the aggregate
amount added back to Consolidated EBITDA pursuant to this clause (a)(vii) for any fiscal year of the Parent Borrower shall not
exceed an amount equal to (A) $50,000,000, plus (B) the unused amount of permitted add-backs pursuant to this clause (a)(vii)
for the immediately preceding fiscal year of the Parent Borrower (it being understood and agreed that the unused amount of permitted
add-backs pursuant to this clause (a)(vii) for any fiscal year of the Parent Borrower may only be used in the immediately succeeding
fiscal year of the Parent Borrower and not in any subsequent fiscal year of the Parent Borrower), (viii) non-cash compensation
expenses and related charges, including non-cash expenses or charges arising from the contribution, sale or other use of stock
or stock appreciation or tracking rights, the granting of stock options, the granting of stock appreciation or tracking rights,
the granting of restricted stock or restricted stock units and arrangements similar to any of the foregoing (including any repricing,
amendment, modification, substitution or change of any such stock, stock option, stock appreciation or tracking rights, restricted
stock or restricted stock units or similar arrangements), (ix) any loss recorded in connection with the designation of a discontinued
operation (exclusive of its operating loss), (x) any loss realized upon the sale or other disposition of any Capital Stock of any
Person, (xi) any increase in the cost of sales or other write-offs or other increased costs resulting from purchase accounting
in relation to any acquisitions net of taxes, (xii) any expense attributable to pension plans and/or post-retirement medical plans
to the extent such expense exceeds service cost and amortization of prior service costs /credits attributable to pension plans
and/or post-retirement medical plans, (xiii) the aggregate amount of Net Proceeds of liability, casualty or business interruption
insurance received by the Parent Borrower or any Restricted Subsidiary during such period, (xiv) director’s fees and reimbursements
of reasonable out-of-pocket expenses in connection with attending board of director meetings or other actions for the benefit of
the Parent Borrower and its Subsidiaries in an aggregate amount not to exceed $3,000,000 in any four fiscal quarter period, (xv)
any non-cash asbestos accrual expenses or losses; provided that in the event that the Parent Borrower or any of its Restricted
Subsidiaries makes any cash payment in respect of any such non-cash expense or loss, such cash payment shall be deducted from Consolidated
EBITDA in the period in which such cash payment is made, (xvi) reasonable fees, costs and expenses of the Parent Borrower or any
of its Restricted Subsidiaries incurred during such period in connection with any Permitted Acquisition or any Disposition permitted
pursuant to Section 6.6 (in each case, whether or not consummated); provided that, upon request of the Administrative
Agent, the Parent Borrower shall provide reasonably detailed evidence of the amount of any such reasonable fees, costs and expenses
added-back pursuant to this clause (a)(xvi) for any period, and (xvii) the amount of net cost savings relating to a Permitted Acquisition
which are projected by the Parent Borrower in good faith to be realized within eighteen (18) months after the date of such Permitted
Acquisition as a result of actions taken during such period and synergies relating to a Permitted Acquisition which are projected
by the Parent Borrower in good faith to be realized within eighteen (18) months after the date of such Permitted Acquisition as
a result of actions taken during such

 

    11 

     

    

 

period, in each case, net of the amount
of actual benefits realized during such period that are otherwise included in the calculation of Consolidated EBITDA from such
actions; provided that (A) such net cost savings and synergies are reasonably identifiable and factually supportable, and
(B) the aggregate amount added to Consolidated EBITDA pursuant to this clause (a)(xvii) for any period shall not exceed 10% of
Consolidated EBITDA (calculated without giving effect to the amounts added to Consolidated EBITDA permitted pursuant to this clause
(a)(xvii)), minus, (b) without duplication, to the extent included in the statement of such Consolidated Net Income for
such period, (i) any unusual and infrequent or non-recurring non-cash income or non-cash gains, (ii) gains on Dispositions of assets
outside of the ordinary course of business, (iii) any gain recorded in connection with the designation of a discontinued operation
(exclusive of its operating income), (iv) any gain realized upon the sale or other disposition of any Capital Stock of any Person,
(v) any income attributable to pension plans and/or post-retirement medical plans to the extent such income exceeds service cost
and amortization of prior service costs/credits attributable to pension plans and/or post-retirement medical plans, and (vi) any
non-cash asbestos accrual income or gains.

 

For the purposes of
determining Consolidated EBITDA for any period, the cumulative effect of any change in accounting principles (effected either through
cumulative effect adjustment or a retroactive application) shall be excluded. For the purposes of determining Consolidated EBITDA
for any period of four consecutive fiscal quarters (each, a “Reference Period”) pursuant to any determination
of the Consolidated Leverage Ratio or the Consolidated Interest Coverage Ratio, if during such Reference Period (or, in the case
of pro forma calculations, during the period from the last day of such Reference Period to and including the date as of
which such calculation is made) the Parent Borrower or any Restricted Subsidiary shall have made a Material Disposition or Material
Acquisition, Consolidated EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto as
if such Material Disposition or Material Acquisition occurred on the first day of such Reference Period (with the Reference Period
for the purposes of pro forma calculations being the most recent period of four consecutive fiscal quarters for which the
relevant financial information is available), without giving effect (unless permitted for pro forma financial statements
prepared in accordance with Regulation S-X) to cost savings. As used in this definition, “Material Acquisition”
means any acquisition of property or series of related acquisitions of property that (a) constitutes all or substantially all of
the assets of a business, unit or division of a Person or constitutes all or substantially all of the common stock (or equivalent)
of a Person and (b) involves Consideration in excess of $5,000,000; and “Material Disposition” means (i) the
Balcke Dürr Disposition, (ii) the Permitted Asset Disposition and (iii) any other Disposition of property or series of related
Dispositions of property that (A) involves all or substantially all of the assets of a business, unit or division of a Person or
constitutes all or substantially all of the common stock (or equivalent) of a Restricted Subsidiary and (B) yields gross proceeds
to the Parent Borrower or any of its Restricted Subsidiaries in excess of $5,000,000. Notwithstanding the foregoing, for purposes
of calculating Consolidated EBITDA for any period, the amount of Consolidated EBITDA attributable to Non-Subsidiary Joint Ventures
for such period in excess of the amount of distributions made by such Non-Subsidiary Joint Ventures to the Parent Borrower or any
of its Restricted Subsidiaries during such period shall not exceed ten percent (10%) of total Consolidated EBITDA for such period.

 

“Consolidated
Interest Coverage Ratio”: as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of four
fiscal quarters of the Parent Borrower most recently ended to (b) Consolidated Interest Expense for the period of four fiscal quarters
of the Parent Borrower most recently ended.

 

“Consolidated
Interest Expense”: for any period, the sum of (a) total cash interest expense (including that attributable to Capital
Lease Obligations) of the Parent Borrower and its Restricted Subsidiaries for such period with respect to all outstanding Indebtedness
of the Parent Borrower and its Restricted Subsidiaries (including net cash costs or net cash income under Hedging Agreements in
respect

 

    12 

     

    

 

of such Indebtedness to the extent such
net cash costs or net cash income, as the case may be, are allocable to such period in accordance with GAAP), (b) total dividend
payments made by the Parent Borrower or any of its Restricted Subsidiaries to any Person (other than the Parent Borrower or any
Wholly Owned Subsidiary Guarantor) during such period in respect of preferred Capital Stock and (c) to the extent not otherwise
included in “interest expense” (or any like caption) on a consolidated income statement of the Parent Borrower and
its Restricted Subsidiaries for such period, any other discounts, fees and expenses comparable to or in the nature of interest
under any Qualified Receivables Transaction; provided that, notwithstanding the foregoing, in no event shall any of the
following constitute “Consolidated Interest Expense”: (i) premiums or fees paid by the Parent Borrower or its Restricted
Subsidiaries in connection with the prepayment or redemption of Indebtedness, (ii) any net cash costs or any net cash income, as
the case may be, of the Parent Borrower or its Restricted Subsidiaries in connection with termination or wind-down of any Hedging
Agreement or (iii) all commissions, discounts and other fees and charges owed by the Parent Borrower or any of its Restricted Subsidiaries
with respect to FCIs, letters of credit, bank undertakings and analogous instruments and bankers’ acceptance financing.

 

“Consolidated
Leverage Ratio”: as of any date of determination, the ratio of (a) Consolidated Total Debt on such day to (b) Consolidated
EBITDA for the period of four fiscal quarters of the Parent Borrower most recently ended.

 

“Consolidated
Net Income”: for any period, the consolidated net income (or loss) of the Parent Borrower, its Restricted Subsidiaries
and its Non-Subsidiary Joint Ventures, determined on a consolidated basis in accordance with GAAP; provided that there shall
be excluded (a) the income (or deficit) of any Person accrued prior to the date it becomes a Restricted Subsidiary or Non-Subsidiary
Joint Venture of the Parent Borrower or is merged into or consolidated with the Parent Borrower or any of its Restricted Subsidiaries
and (b) the income (or deficit) of any Person (other than a Restricted Subsidiary or a Non-Subsidiary Joint Venture of the Parent
Borrower) in which the Parent Borrower or any of its Restricted Subsidiaries has an ownership interest, except to the extent that
any such income is actually received by the Parent Borrower or such Restricted Subsidiary in the form of dividends or similar distributions.

 

“Consolidated
Senior Secured Leverage Ratio”: as of any date of determination, the ratio of (a) Consolidated Total Debt on such day
that is secured by a Lien (including the Obligations that are secured by Collateral) to (b) Consolidated EBITDA for the period
of four fiscal quarters of the Parent Borrower most recently ended; provided that the proceeds from any increase in Revolving
Commitments or any Incremental Term Loan pursuant to Section 2.1(b) shall not be included in the calculation of Consolidated
Total Debt for purposes of determining the Consolidated Senior Secured Leverage Ratio.

 

“Consolidated
Total Debt”: at any date, the sum of (a) the aggregate principal amount of all Indebtedness of the Parent Borrower and
its Restricted Subsidiaries at such date (excluding the face amount of undrawn letters of credit, bank undertakings or analogous
instruments, and bankers’ acceptance financing, in each case whether or not issued under this Agreement, and other FCIs),
determined on a consolidated basis in accordance with GAAP, calculated net of unrestricted cash and cash equivalents that would
(in conformity with GAAP) be set forth on a consolidated balance sheet of the Parent Borrower and its Restricted Subsidiaries as
of such date, plus (b) without duplication of amounts included in clause (a) above, an amount equal to the aggregate amount
of Receivables Transaction Attributed Indebtedness associated with any Qualified Receivables Transaction which is outstanding at
such date.

 

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

 

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

 

“Counter-Guarantee”:
(a) a customary standby letter of credit, bank guarantee or surety (each in compliance with the Mandatory Requirements) issued
by an FCI Issuing Lender as credit support for an Indirect FCI issued by an Indirect FCI Issuing Lender or (b) a customary standby
letter of credit, bank guarantee or surety (each in compliance with the Mandatory Requirements) issued by an FCI Issuing Lender
as credit support for a standby letter of credit, bank guarantee or surety issued by itself or another financial institution (including
one of such FCI Issuing Lender’s domestic or foreign branches or affiliates).

 

“Covered Entity”:
any of the following: (a) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R.
§ 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
47.3(b); or (c) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

 

“Covered Party”:
as defined in Section 9.20.

 

“Daily Report”:
as defined in Section 2.6(r).

 

“Danish Krone”:
the lawful currency of Denmark.

 

“DB Direct
Internet Agreement”: collectively, (a) the db direct internet agreement, dated March 6, 2013, between the Parent Borrower
and the Foreign Trade Facility Agent regarding the use of the db-direct internet communication facility, as such agreement may
be amended, modified or otherwise supplemented or replaced from time to time, and (b) any other agreement between the Parent Borrower
and the Foreign Trade Facility Agent regarding any replacement communication facility for such db-direct internet communication
facility, as such other agreement may be amended, modified or otherwise supplemented or replaced from time to time.

 

“DBSI”:
Deutsche Bank Securities Inc., in its capacity as a joint lead arranger and a joint bookrunner.

 

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

 

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

 

“Defaulting
Lender”: subject to Section 2.24(b), any Lender that, as reasonably determined by the Administrative Agent, (a)
has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded
hereunder unless such Lender notifies the Administrative Agent and the Parent Borrower in writing that such failure is the result
of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together
with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative
Agent, the Foreign Trade Facility Agent, any Issuing Lender, any FCI Issuing Lender, the Swingline Lender or any other Lender any
other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit, Participation
FCIs or Swingline Loans) within two Business Days of the date when due, (b) has notified the Parent Borrower, the Administrative
Agent, the Foreign Trade Facility Agent, any Issuing Lender, any FCI Issuing Lender

 

    14 

     

    

 

or the Swingline Lender in writing that
it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such
writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is
based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any
applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed,
within three Business Days after written request by the Administrative Agent, the Foreign Trade Facility Agent or the Parent Borrower,
to confirm in writing to the Administrative Agent, the Foreign Trade Facility Agent and the Parent Borrower that it will comply
with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant
to this clause (c) upon receipt of such written confirmation by the Administrative Agent, the Foreign Trade Facility Agent and
the Parent Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under
the Bankruptcy Code of the United States (or similar debtor relief laws of the United States or other applicable jurisdictions),
(ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation
or any other state or federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided
that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that
Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not
result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement
of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate,
disavow or disaffirm any contracts or agreements made with such Lender.

 

“Designated
Jurisdiction”: any country or territory to the extent that such country or territory itself is the subject of any Sanction.

 

“Determination
Date”: each date that is two Business Days after any Calculation Date.

 

“Deutsche
Bank”: Deutsche Bank AG Deutschlandgeschäft Branch and its successors.

 

“Deutsche
Bank Fee Letter”: the letter agreement, dated July 27, 2015 among the Parent Borrower, Deutsche Bank, Deutsche Bank AG
New York Branch, and DBSI.

 

“Disclosed
Matters”: the matters disclosed in Schedule 3.4.

 

“Disclosure
Letter”: that certain disclosure letter dated as of the Third Amendment Effective Date, executed and delivered on or
prior to the Third Amendment Effective Date by the Parent Borrower to the Administrative Agent, for the benefit of the Lenders.

 

“Dispensable
Requirements”: the requirements under Part B of Schedule 1.1C.

 

“Disposition”:
with respect to any property, any sale, lease, sale and leaseback, assignment, conveyance, transfer, contribution to a joint venture
or other disposition thereof. “Dispose” and “Disposed of” have meanings correlative thereto.

 

“Disqualified
Capital Stock”: any Capital Stock or other equity interests of any class or classes that, by its terms (or by the terms
of any security or other Capital Stock into which it is convertible or for which it is exchangeable) or upon the happening of any
event or condition, (a) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (except as a result
of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or

 

    15 

     

    

 

asset sale event shall be subject to the
prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments),
(b) is redeemable at the option of the holder thereof (except as a result of a change of control or asset sale so long as any rights
of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in
full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), in whole or in
part, (c) provides for the scheduled payment of dividends in cash or (d) is or becomes convertible into or exchangeable for Indebtedness
or any other capital stock or other equity interests that would constitute Disqualified Capital Stock, in each case for clauses
(a) through (d) above, prior to the date that is 91 days after the latest maturity date in effect for Loans hereunder at the time
of issuance of such capital stock.

 

“Dollar Equivalent”:
on any date of determination, (a) for the purposes of determining compliance with Article VI or the existence of an Event
of Default under Article VII (other than for the purpose of determining amounts outstanding hereunder, in which case clause
(b) below shall govern), with respect to any amount denominated in a currency other than Dollars, the equivalent in Dollars of
such amount, determined in good faith by the Parent Borrower in a manner consistent with the way such amount is or would be reflected
on the Parent Borrower’s audited consolidated financial statements for the fiscal year in which such determination is made,
(b) with respect to any amount hereunder denominated in an Alternative Currency, the amount of Dollars that may be purchased with
such amount of such currency at the Exchange Rate (determined as of the most recent Calculation Date by the Administrative Agent)
with respect to such currency, (c) with respect to the amount of any FCI Disbursement denominated in a Permitted Currency or in
another currency permitted under Section 2.6(g)(vii), the amount of Dollars that are required to purchase such amount of
such currency at the Exchange Rate (determined by the applicable FCI Issuing Lender) with respect to such currency, and (d) with
respect to any calculation hereunder by the Foreign Trade Facility Agent of the amount of Dollars equivalent to any amount denominated
in another currency, the amount of Dollars calculated by the Foreign Trade Facility Agent in accordance with the applicable exchange
rate provided in Section 2.6(n).

 

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

 

“Domestic
Revolving Availability Period”: the period from and including the Funding Date to but excluding the earlier of the Domestic
Revolving Maturity Date (as such date may be extended pursuant to Section 2.1(c)(i)) and the date of termination of the
Domestic Revolving Commitments.

 

“Domestic
Revolving Commitment”: with respect to each Lender, the commitment, if any, of such Lender to make Domestic Revolving
Loans and to acquire participations in Financial Letters of Credit and Swingline Loans hereunder, as such commitment may be changed
from time to time pursuant to this Agreement. The Domestic Revolving Commitment of each Lender party to this Agreement on the Third
Amendment Effective Date is set forth opposite the name of such Lender on Schedule 1.1A. The initial Domestic Revolving
Commitment of each Lender that becomes a party to this Agreement after the Third Amendment Effective Date shall be set forth in
the Assignment and Assumption or other agreement pursuant to which such Lender becomes a party hereto, as applicable. The aggregate
amount of the Domestic Revolving Commitments as of the Third Amendment Effective Date is THREE HUNDRED MILLION DOLLARS ($300,000,000).

 

“Domestic
Revolving Commitment Extension”: as defined in Section 2.1(c)(i).

 

“Domestic
Revolving Commitment Fee”: as defined in Section 2.14(a).

 

    16 

     

    

 

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

 

“Domestic
Revolving Extension Date”: as defined in Section 2.1(c)(i).

 

“Domestic
Revolving Extension Notice”: as defined in Section 2.1(c)(i).

 

“Domestic
Revolving Facility”: as defined in the definition of Facility.

 

“Domestic
Revolving Lender”: a Lender with a Domestic Revolving Commitment or with Domestic Revolving Exposure.

 

“Domestic
Revolving Lender Extension Response Date”: as defined in Section 2.1(c)(i).

 

“Domestic
Revolving Loan”: a Loan made pursuant to Section 2.1(a)(i).

 

“Domestic
Revolving Maturity Date”: December 17, 2024 (as such date may be extended pursuant to Section 2.1(c)); provided
that if such date is not a Business Day, the Domestic Revolving Maturity Date shall be the immediately preceding Business Day.

 

“Domestic
Revolving Note”: as defined in Section 2.10(d)(i).

 

“Domestic
Subsidiary”: any Subsidiary other than a Foreign Subsidiary.

 

“Dry Cooling
Disposition”: the Disposition by the Parent Borrower of its Dry Cooling business to Paharpur Cooling Towers Limited,
a company organized under the laws of India.

 

“Dutch Auction”:
as defined in Section 9.4(k).

 

“EEA Financial
Institution”: (a) any credit institution or investment firm established in any EEA Member Country which is subject to
the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution
described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary
of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

 

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

 

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

 

“Effective
Date”: September 1, 2015.

 

“Eligible
Assignee”: any Person that meets the requirements to be an assignee under Section 9.4(b)(iv), (v) and (vi)
(subject to such consents, if any, as may be required under Section 9.4(b)).

 

“EMU”:
the Economic and Monetary Union as contemplated in the Treaty.

 

    17 

     

    

 

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

 

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

 

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

 

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

 

“ERISA Event”:
(a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to
a Plan (other than an event for which the 30-day notice period is waived); (b) the determination that a Plan is in “at-risk
status” as defined in Section 430 of the Code; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of
ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Parent
Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e)
the receipt by the Parent Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention
to terminate any Plan or Plans; (f) the incurrence by the Parent Borrower or any of its ERISA Affiliates of any liability with
respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Parent Borrower
or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Parent Borrower or any ERISA Affiliate
of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected
to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

 

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

 

“Euro”:
the single currency of Participating Member States introduced in accordance with the provisions of Article 109(1)4 of the Treaty.

 

“Eurocurrency”:
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing
interest at a rate determined by reference to the Adjusted Eurocurrency Rate.

 

“Eurocurrency
Rate”:

 

(a)       for
any Interest Period with respect to a Eurocurrency Loan:

 

    18 

     

    

 

(i)       denominated
in a LIBOR Quoted Currency, the rate per annum equal to the London Interbank Offered Rate as administered by ICE Benchmark Administration
(or any other Person that takes over the administration of such rate for the relevant currency for a period equal in length to
such Interest Period) (“LIBOR”), or a comparable or successor rate which rate is approved by the Administrative
Agent (in consultation with the Parent Borrower), as published on the applicable Bloomberg screen page (or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) (in such case, the
“LIBOR Rate”) at or about 11:00 a.m. (London time) on the Rate Determination Date, for deposits in the relevant
currency (for delivery on the first day of such Interest Period), with a term equivalent to such Interest Period;

 

(ii)       denominated
in Canadian Dollars, the rate per annum equal to the Canadian Dealer Offered Rate, or a comparable or successor rate which rate
is approved by the Administrative Agent (in consultation with the Parent Borrower), as published on the applicable Bloomberg screen
page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time) at or about 10:00 a.m. (Toronto, Ontario time) on the Rate Determination Date with a term equivalent to such Interest
Period;

 

(iii)      denominated
in Australian Dollars, the rate per annum equal to the Bank Bill Swap Reference Bid Rate, or a comparable or successor rate which
rate is approved by the Administrative Agent (in consultation with the Parent Borrower), as published on the applicable Bloomberg
screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent
from time to time) at or about 10:30 a.m. (Melbourne, Australia time) on the Rate Determination Date with a term equivalent to
such Interest Period;

 

(iv)       denominated
in New Zealand Dollars, the rate per annum equal to the Bank Bill Reference Bid Rate, or a comparable or successor rate which rate
is approved by the Administrative Agent (in consultation with the Parent Borrower), as published on the applicable Bloomberg screen
page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time) at or about 10:45 a.m. (Auckland, New Zealand time) on the Rate Determination Date with a term equivalent to such
Interest Period;

 

(v)       denominated
in Swedish Krona, the rate per annum equal to the Stockholm Interbank Offered Rate, or a comparable or successor rate which rate
is approved by the Administrative Agent (in consultation with the Parent Borrower), as published on the applicable Bloomberg screen
page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time) at or about 11:00 a.m. (Stockholm, Sweden time) on the Rate Determination Date with a term equivalent to such Interest
Period;

 

(vi)       denominated
in Danish Krone, the rate per annum equal to the Copenhagen Interbank Offered Rate, or a comparable or successor rate which rate
is approved by the Administrative Agent (in consultation with the Parent Borrower), as published on the applicable Bloomberg screen
page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time) at or about 11:00 a.m. (Copenhagen, Denmark time) on the Rate Determination Date with a term equivalent to such Interest
Period;

 

    19 

     

    

 

(vii)       denominated
in any other Non-LIBOR Quoted Currency, the rate per annum as designated with respect to such Alternative Currency at the time
such Alternative Currency is approved by the Administrative Agent and the relevant Lenders; and

 

(b)       for
any interest rate calculation with respect to an ABR Loan on any date, the rate per annum equal to the LIBOR Rate, at or about
11:00 a.m. (London time) determined two (2) Business Days prior to such date for Dollar deposits being delivered in the London
interbank market for deposits in Dollars with a term of one (1) month commencing that day;

 

provided that
if the Eurocurrency Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

 

“Eurocurrency
Reserve Percentage”: for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried
out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time
to time by the Board or any other central banking or financial regulatory authority for determining the maximum reserve requirement
(including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred
to as “Eurocurrency liabilities”). The Eurocurrency Rate for each outstanding Eurocurrency Loan shall be adjusted automatically
as of the effective date of any change in the Eurocurrency Reserve Percentage.

 

“Event of
Default”: as defined in Article VII.

 

“Excess Amount”:
as defined in Section 2.6(o)(i).

 

“Exchange
Rate”: on any day, (a) with respect to any Alternative Currency, the rate at which such Alternative Currency may be exchanged
into Dollars, as set forth at approximately 11:00 a.m. on such day on the applicable Reuters World Spot Page, as determined by
the Administrative Agent or (b) with respect to any Permitted Currency or other currency for an FCI permitted under Section
2.6(g)(vii), the rate at which such Permitted Currency or other currency may be exchanged into Dollars, as set forth at approximately
11:00 a.m., Düsseldorf, Germany time, on such day on the applicable Reuters World Spot Page, as determined by the applicable
FCI Issuing Lender. In the event that any such rate does not appear on any Reuters World Spot Page, the Exchange Rate shall be
determined by reference to such other publicly available service for displaying exchange rates reasonably selected by the Administrative
Agent or the applicable FCI Issuing Lender, in consultation with the Parent Borrower for such purpose or, at the discretion of
the Administrative Agent or the applicable FCI Issuing Lender, in consultation with the Parent Borrower, such Exchange Rate shall
instead be the arithmetic average of the spot rates of exchange of the Administrative Agent or the applicable FCI Issuing Lender,
in the market where its foreign currency exchange operations in respect of such Alternative Currency or Permitted Currency or other
currency are then being conducted, at or about 11:00 a.m., local time, on such day for the purchase of the applicable Alternative
Currency or Permitted Currency or other currency for delivery two Business Days later; provided that, if at the time of
any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent or the applicable FCI Issuing
Lender may use any other reasonable method it deems appropriate to determine such rate, and such determination shall be presumed
correct absent manifest error.

 

“Excluded
Information”: any non-public information with respect to the Parent Borrower or its Restricted Subsidiaries or any of
their respective securities to the extent such information could have a material adverse effect upon, or otherwise be material
and adverse to, an assigning Term Loan A Lender’s and/or an Incremental Term Lender’s decision to assign Term Loans.

 

    20 

     

    

 

 

“Excluded
Swap Obligation”: with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of
the Guarantee of such Loan Party of, or the grant under a Loan Document by such Loan Party of a security interest to secure, such
Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act (or the application or official
interpretation of any thereof) by virtue of such Loan Party’s failure for any reason to constitute an “eligible contract
participant” as defined in the Commodity Exchange Act or any regulation or order of the Commodity Futures Trading Commission
(determined after giving effect to Section 9.18 and any other keepwell, support or other agreement for the benefit of such
Loan Party and any and all guarantees of such Loan Party’s Swap Obligations by other Loan Parties) at the time the Guarantee
of such Loan Party, or grant by such Loan Party of a security interest, becomes effective with respect to such Swap Obligation.
If a Swap Obligation arises under a master agreement governing more than one Hedging Agreement, such exclusion shall apply only
to the portion of such Swap Obligation that is attributable to Hedging Agreements for which such Guarantee or security interest
becomes illegal.

 

“Excluded
Taxes”: with respect to an Agent, any Lender or any other recipient of any payment to be made by or on account of any
obligation of any Loan Party hereunder or under any other Loan Document, (a) income or franchise taxes imposed on (or measured
by) its net income (i) by the jurisdiction under the laws of which such recipient is organized or in which its principal office
is located or, in the case of any Lender, in which its applicable Lending Office is located, or (ii) as a result of any other present
or former connection between such recipient and the jurisdiction imposing such tax (other than any connection arising from such
recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to, and/or enforced, any Loan Documents), (b) any
branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which any Borrower is
located, (c) in the case of any Borrowing by the Parent Borrower, any other Borrower that is a United States person as defined
in Section 7701(a)(30) of the Code, or any Foreign Subsidiary Borrower (other than any Foreign Subsidiary Borrower that becomes
a Borrower hereunder after the Effective Date), with respect to any Lender (other than an assignee pursuant to a request by a Borrower
under Section 2.23), or the Foreign Trade Facility Agent, any withholding tax imposed by the jurisdiction in which such
Borrower is located that is (i) imposed on amounts payable to such Lender or the Foreign Trade Facility Agent, as applicable, at
the time such Lender or the Foreign Trade Facility Agent becomes a party to this Agreement or, in the case of a Lender, changes
its Lending Office or (ii) attributable to such Lender’s or the Foreign Trade Facility Agent’s failure to comply with
Section 2.19(e), Section 2.19(f) or 2.19(i), except, in the case of a Lender, to the extent that such 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 any Borrower with respect to such withholding tax pursuant to Section 2.19(a) and (d) U.S. federal withholding
Taxes imposed under FATCA.

 

“Exempt Deposit
Accounts”: (a) deposit accounts the balance of which consists exclusively of (i) withheld income taxes and federal, state
or local employment taxes in such amounts as are required in the reasonable judgment of the Parent Borrower to be paid to the Internal
Revenue Service or state or local government agencies within the following two months with respect to employees of any of the Loan
Parties, and (ii) amounts required to be paid over to an employee benefit plan pursuant to DOL Reg. Sec. 2510.3-102 on behalf of
or for the benefit of employees of one or more Loan Parties, and (b) all segregated deposit accounts constituting (and the balance
of which consists solely of funds set aside in connection with) tax accounts, payroll accounts and trust accounts.

 

“Existing
Credit Agreement”: the Amended and Restated Credit Agreement dated as of December 23, 2013, as amended, supplemented
or otherwise modified until the Funding Date, among the Parent Borrower, the Foreign Subsidiary Borrowers party thereto, the lenders
party thereto, Bank of America, N.A., as administrative agent, and Deutsche Bank, as foreign trade facility agent.

 

    21

     

    

 

“Existing
FCIs”: any standby letter of credit, bank guarantee, surety or other FCI which is issued by an FCI Issuing Lender prior
to the Third Amendment Effective Date and set forth on Schedule 1.1D, which Schedule 1.1D includes a designation
for each such Existing FCI as either a Bilateral FCI or a Participation FCI.

 

“Existing
Letters of Credit”: any Letter of Credit which is issued by an Issuing Lender prior to the Third Amendment Effective
Date and set forth on Schedule 1.1E, which Schedule 1.1E includes a designation for each such Existing Letter of
Credit as either a Financial Letter of Credit or a Non-Financial Letter of Credit.

 

“Extended
Domestic Revolving Maturity Date”: as defined in Section 2.1(c)(i).

 

“Extended
Foreign Trade Maturity Date”: as defined in Section 2.6(b)(i).

 

“Extended
Global Revolving Maturity Date”: as defined in Section 2.1(d)(i).

 

“Extension
Acceptance Notice”: as defined in Section 2.6(b)(i).

 

“Extension
Date”: as defined in Section 2.6(b)(i).

 

“Extension
Notice”: as defined in Section 2.6(b)(i).

 

“Face Amount”:
with respect to any FCI or Letter of Credit, the principal face amount of such FCI or Letter of Credit in Dollars or, as the case
may be, any other currency in which such FCI or Letter of Credit has been issued, such amount representing the maximum liability
of the applicable FCI Issuing Lender under such FCI or the applicable Issuing Lender under such Letter of Credit which may only
be increased by fees and interest payable with respect to the secured obligation if, and to the extent, so provided for under the
terms of such FCI or such Letter of Credit.

 

“Facility”:
each of (a) the Domestic Revolving Commitments and the Domestic Revolving Loans made hereunder (the “Domestic Revolving
Facility”), (b) the Global Revolving Commitments and the Global Revolving Loans made hereunder (the “Global
Revolving Facility”), (c) the Participation FCI Issuing Commitments, the Participation FCI Commitments, the Participation
FCIs issued hereunder and the Existing FCIs designated as Participation FCIs on Schedule 1.1D and governed hereby (the “Foreign
Trade Facility”), (d) the Bilateral FCI Issuing Commitments, the Bilateral FCIs issued hereunder and the Existing FCIs
designated as Bilateral FCIs on Schedule 1.1D and governed hereby (the “Bilateral Foreign Trade Facility”),
(e) the Term Loan A made hereunder and (f) the Incremental Term Loans under any term loan facility established pursuant to Section
2.1(b) (each, an “Incremental Term Loan Facility”).

 

“FATCA”:
Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof,
any agreements entered into pursuant to Section 1471(b)(1) of the Code, and any intergovernmental agreement between a non-U.S.
jurisdiction and the United States with respect to the foregoing.

 

“FCI”:
a Bilateral FCI or a Participation FCI.

 

“FCI Assuming
Person”: as defined in Section 2.6(a)(ii).

 

“FCI Disbursement”:
as defined in Section 2.6(h)(i).

 

    22

     

    

 

“FCI Exposure”:
at any time, the sum of (a) the aggregate outstanding amount of all FCIs at such time plus (b) the aggregate principal amount
of all Participation FCI Disbursements and all Bilateral FCI Reimbursement Obligations that have not yet been reimbursed by or
on behalf of the relevant Borrower at such time. With respect to the Participation FCIs, the FCI Exposure of any Lender with a
Participation FCI Commitment at any time shall be its Applicable Percentage of the total FCI Exposure with respect to such Participation
FCIs at such time.

 

“FCI Handling
Fee”: as defined in Section 2.6(p)(iv).

 

“FCI Issuing
Lender”: a Bilateral FCI Issuing Lender or a Participation FCI Issuing Lender.

 

“FCI Issuing
Lender Exposure”: with respect to any FCI Issuing Lender at any time, the sum of (a) the Dollar Equivalent of the aggregate
outstanding amount of such FCI Issuing Lender’s obligations in respect of all FCIs issued by it at or before such time plus
(b) the Dollar Equivalent of the aggregate principal amount of all FCI Disbursements made by such FCI Issuing Lender that have
not yet been reimbursed by or on behalf of the relevant Borrower at such time.

 

“FCI Issuing
Lender Joinder Agreement”: a joinder agreement, substantially in the form of Exhibit O, executed and delivered
in accordance with the provisions of Section 2.6(t).

 

“FCI Requirements”:
the Dispensable Requirements and the Mandatory Requirements.

 

“Federal Funds
Effective Rate”: for any day, the rate per annum calculated by the Federal Reserve Bank of New York based on such day’s
federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall
set forth on its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank
of New York as the federal funds effective rate; provided that if the Federal Funds Effective Rate as so determined would
be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Fee Letter”:
the fee letter agreement, dated the Third Amendment Effective Date, between the Parent Borrower and Bank of America.

 

“Financial
LC Disbursement”: a payment made by the applicable Issuing Lender pursuant to a Financial Letter of Credit.

 

“Financial
LC Exposure”: at any time, the sum of (a) the aggregate outstanding amount of all Financial Letters of Credit that are
denominated in Dollars at such time plus (b) the aggregate principal amount of all Financial LC Disbursements that are denominated
in Dollars that have not yet been reimbursed by or on behalf of the relevant Borrower at such time plus (c) the Alternative
Currency Financial LC Exposure at such time. The Financial LC Exposure of any Domestic Revolving Lender at any time shall be its
Applicable Domestic Revolving Percentage of the total Financial LC Exposure at such time.

 

“Financial
Letter of Credit”: a Letter of Credit that is a standby letter of credit issued by an Issuing Lender pursuant to the
terms hereof; provided that no Non-Financial Letter of Credit shall be a Financial Letter of Credit.

 

“Financial
Letter of Credit Assuming Person”: as defined in Section 2.5(a)(i).

 

“Financial
Letter of Credit Fees”: as defined in Section 2.14(b)(i).

 

    23

     

    

 

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

 

“Fixed Incremental
Amount”: as specified in the definition of “Incremental Amount”.

 

“Foreign Obligor”:
a Loan Party that is a Foreign Subsidiary.

 

“Foreign Subsidiary”:
any Subsidiary (a) that is organized under the laws of a jurisdiction other than the United States or any State thereof or the
District of Columbia or (b) that is a Foreign Subsidiary Holdco.

 

“Foreign Subsidiary
Borrower”: (a) with respect to the Global Revolving Facility, any Foreign Subsidiary of the Parent Borrower designated
as a Foreign Subsidiary Borrower by the Parent Borrower pursuant to Section 2.23(a) that has not ceased to be a Foreign
Subsidiary Borrower pursuant to such Section, (b) with respect to the Foreign Trade Facility, any Foreign Subsidiary of the Parent
Borrower designated as a Foreign Subsidiary Borrower by the Parent Borrower pursuant to Section 2.23(b) that has not ceased
to be a Foreign Subsidiary Borrower pursuant to such Section, and (c) with respect to the Bilateral Foreign Trade Facility, any
Foreign Subsidiary of the Parent Borrower designated as a Foreign Subsidiary Borrower by the Parent Borrower pursuant to Section
2.23(b) that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

 

“Foreign Subsidiary
Holdco”: any Domestic Subsidiary that has no material assets other than the Capital Stock of one or more Foreign Subsidiaries,
and other assets relating to an ownership interest in any such Capital Stock.

 

“Foreign Subsidiary
Opinion”: with respect to any Foreign Subsidiary Borrower, a legal opinion of counsel to such Foreign Subsidiary Borrower
addressed to the Administrative Agent (and, with respect to any Foreign Subsidiary Borrower under the Foreign Trade Facility or
the Bilateral Foreign Trade Facility, the Foreign Trade Facility Agent) and the Lenders in form and substance reasonably satisfactory
to the Administrative Agent (and, with respect to any Foreign Subsidiary Borrower under the Foreign Trade Facility or the Bilateral
Foreign Trade Facility, the Foreign Trade Facility Agent).

 

“Foreign Trade
Facility”: as defined in the definition of Facility.

 

“Foreign Trade
Facility Administrative Office”: the office of the Foreign Trade Facility Agent located at Trade Center, Herzogstr. 15,
40217 Düsseldorf, Germany, or such other office as may be designated by the Foreign Trade Facility Agent by written notice
to the Parent Borrower, the Administrative Agent and the Lenders.

 

“Foreign Trade
Facility Agent”: as defined in the definition of Administrative Agent.

 

“Foreign Trade
Maturity Date”: December 17, 2024 (as such date may be extended pursuant to Section 2.6(b) (solely with respect
to the extending Lenders under Section 2.6(b)); provided that if such date is not a Business Day, the Foreign Trade
Maturity Date shall be the immediately preceding Business Day.

 

“Fronting
Exposure”: at any time there is a Defaulting Lender, (a) (i) with respect to any Issuing Lender of Financial Letters
of Credit, such Defaulting Lender’s Applicable Domestic Revolving Percentage of the outstanding Financial LC Exposure other
than Financial LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders
with Domestic Revolving Commitments or cash collateralized in accordance with the terms hereof, and (ii) with respect

 

    24

     

    

 

to any Issuing Lender of Non-Financial
Letters of Credit, such Defaulting Lender’s Applicable Global Revolving Percentage of the outstanding Non-Financial LC Exposure
other than Non-Financial LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to
other Lenders with Global Revolving Commitments or cash collateralized in accordance with the terms hereof, (b) with respect to
the Swingline Lender, such Defaulting Lender’s Applicable Domestic Revolving Percentage of Swingline Loans other than Swingline
Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders with Domestic Revolving
Commitments or cash collateralized in accordance with the terms hereof and (c) with respect to any Participation FCI Issuing Lender,
such Defaulting Lender’s Applicable Participation FCI Percentage of the outstanding FCI Exposure other than FCI Exposure
as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders with Participation FCI
Commitments or cash collateralized in accordance with the terms hereof.

 

“Fund”:
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 activities.

 

“Funding Date”:
September 24, 2015.

 

“GAAP”:
generally accepted accounting principles in the United States, subject to Section 1.4.

 

“General Purpose
Guarantee”: a customary standby letter of credit or bank guarantee or surety issued by an FCI Issuing Lender (with respect
to FCIs) or an Issuing Lender (with respect to the Non-Financial Letters of Credit), in each case for the purpose of supporting
any obligations of the Parent Borrower or any of its Restricted Subsidiaries or Joint Ventures, other than (a) Advance Payment
Guarantees, (b) Warranty Guarantees, (c) Performance Guarantees, (d) Tender Guarantees and (e) any other customary standby letter
of credit, bank guarantee or surety issued to secure obligations which are recognized as Indebtedness, save customs guarantees,
guarantees for rental payments and for the benefit of tax authorities and guarantees used as collateral in connection with court
proceedings.

 

“German Loan
Party”: any Foreign Subsidiary Borrower that qualifies as a resident party domiciled in Germany (Inländer)
within the meaning of Section 2 paragraph 15 German Foreign Trade Act (Außenwirtschaftsgesetz) (including its directors,
managers, officers, agents and employees).

 

“Global Revolving
Availability Period”: the period from and including the Funding Date to but excluding the earlier of the Global Revolving
Maturity Date (as such date may be extended pursuant to Section 2.1(d)(i)) and the date of termination of the Global Revolving
Commitments.

 

“Global Revolving
Commitment”: with respect to each Lender, the commitment, if any, of such Lender to make Global Revolving Loans and to
acquire participations in Non-Financial Letters of Credit hereunder, as such commitment may be changed from time to time pursuant
to this Agreement. The Global Revolving Commitment of each Lender party to this Agreement on the Third Amendment Effective Date
is set forth opposite the name of such Lender on Schedule 1.1A. The initial Global Revolving Commitment of each Lender that
becomes a party to this Agreement after the Third Amendment Effective Date shall be set forth in the Assignment and Assumption
or other agreement pursuant to which such Lender becomes a party hereto, as applicable. The aggregate amount of the Global Revolving
Commitments as of the Third Amendment Effective Date is ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

 

“Global Revolving
Commitment Extension”: as defined in Section 2.1(d)(i).

 

    25

     

    

 

“Global Revolving
Commitment Fee”: as defined in Section 2.14(a).

 

“Global Revolving
Exposure”: with respect to any Lender at any time, the sum of (a) the aggregate outstanding principal amount of such
Lender’s Global Revolving Loans at such time that are denominated in Dollars plus (b) the Dollar Equivalent at such
time of the aggregate outstanding principal amount of such Lender’s Global Revolving Loans at such time that are denominated
in Alternative Currencies plus (c) the Non-Financial LC Exposure.

 

“Global Revolving
Extension Date”: as defined in Section 2.1(d)(i).

 

“Global Revolving
Extension Notice”: as defined in Section 2.1(d)(i).

 

“Global Revolving
Facility”: as defined in the definition of Facility.

 

“Global Revolving
Lender”: a Lender with a Global Revolving Commitment or with Global Revolving Exposure.

 

“Global Revolving
Lender Extension Response Date”: as defined in Section 2.1(d)(i).

 

“Global Revolving
Loan”: a Loan made pursuant to Section 2.1(a)(ii).

 

“Global Revolving
Maturity Date”: December 17, 2024 (as such date may be extended pursuant to Section 2.1(d)); provided that
if such date is not a Business Day, the Global Revolving Maturity Date shall be the immediately preceding Business Day.

 

“Global Revolving
Note”: as defined in Section 2.10(d)(ii).

 

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

 

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

 

“Guarantee
and Collateral Agreement”: that certain Guarantee and Collateral Agreement, dated as of the Funding Date, executed and
delivered by the Parent Borrower and the Subsidiary Guarantors in

 

    26

     

    

 

favor of the Administrative Agent, as may
be amended, restated, amended and restated, supplemented or otherwise modified from time to time.

 

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

 

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

 

“IFRS”:
international accounting standards within the meaning of IAS Regulation 1606/2002 to the extent applicable to the relevant financial
statements delivered under or referred to herein.

 

“Incremental
Amount”: as of any date of determination, an amount equal to (a) the greater of (i) $200,000,000, and (ii) the amount
of Consolidated EBITDA for the period of four fiscal quarters most recently ended on or prior to such date for which the Parent
Borrower has delivered financial statements pursuant to Section 5.1(a) or (b) and a Compliance Certificate pursuant
to Section 5.1(c) (such amount, the “Incremental Basket Amount”), plus (b) an amount equal to
all voluntary prepayments of the Term Loans made pursuant to Section 2.12(a), all voluntary prepayments of the Domestic
Revolving Loans made pursuant to Section 2.12(a) (to the extent accompanied by a permanent reduction in the aggregate Domestic
Revolving Commitments), and all voluntary prepayments of the Global Revolving Loans made pursuant to Section 2.12(a) (to
the extent accompanied by a permanent reduction in the aggregate Global Revolving Commitments), in each case, (i) to the extent
such voluntary prepayments are made prior to such date, and (ii) excluding any such voluntary prepayments that are funded with
the proceeds of incurrences of long-term Indebtedness (such amount, together with the Incremental Basket Amount, the “Fixed
Incremental Amount”; it being understood that, for the avoidance of doubt, the amount of any Incremental Term Loans,
any increases in the Commitments and any Incremental Equivalent Indebtedness incurred in reliance on the Fixed Incremental Amount
shall reduce the Fixed Incremental Amount), plus (c) an unlimited amount, so long as, immediately after giving effect to
the incurrence of any Incremental Term Loans, the establishment of any increase in the Commitments and/or the incurrence of any
Incremental Equivalent Indebtedness (tested solely on the date of establishment of any Incremental Term Loan, establishment of
any increase in the Commitments and/or establishment of any Incremental Equivalent Indebtedness as set forth in the Incremental
Facility Activation Notice or the documentation governing such Incremental Equivalent Indebtedness, as applicable, and not any
time thereafter, and assuming for such purposes that such Incremental Term Loan is fully drawn, such Commitment increase is fully
drawn and/or such Incremental Equivalent Indebtedness is fully drawn) on a pro forma basis, the Consolidated Senior Secured
Leverage Ratio (or, following the Release Date, the Consolidated Leverage Ratio), as of the last day of the fiscal quarter of the
Parent Borrower most recently ended for which the Parent Borrower has delivered financial statements pursuant to Section 5.1(a)
or (b) and a Compliance

 

    27

     

    

 

Certificate pursuant to Section 5.1(c),
shall not be greater than 2.75 to 1.0 (the “Ratio Incremental Amount”). It is understood and agreed that the
Parent Borrower may first incur any Incremental Term Loan, establish any increase to the Commitments and/or incur any Incremental
Equivalent Indebtedness in reliance on the Ratio Incremental Amount prior to incurring Incremental Term Loans, establishing increases
to the Commitments and/or incurring Incremental Equivalent Indebtedness in reliance on the Fixed Incremental Amount.

 

“Incremental
Basket Amount”: as specified in the definition of “Incremental Amount”.

 

“Incremental
Equivalent Indebtedness”: any Indebtedness incurred by the Parent Borrower in the form of one or more series of secured
or unsecured term loans, bonds, debentures, notes or similar instruments; provided that: (a)(i) such Indebtedness (if secured)
shall be (A) secured by the Collateral on a pari passu basis or a junior basis with the Obligations and shall not be secured
by any property or assets of the Parent Borrower or any Restricted Subsidiary other than the Collateral, (B) subject to security
documentation substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative
Agent), and (C) subject to an intercreditor agreement, in form and substance reasonably satisfactory to the Administrative Agent,
entered into among the holders of such Indebtedness (or a trustee, administrative agent, collateral agent, security agent or similar
agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case
may be), the Loan Parties and the Administrative Agent; and (ii) such Indebtedness (if subordinated in right of payment to the
Loans) shall be subject to a subordination agreement, in form and substance reasonably satisfactory to the Administrative Agent,
entered into among the holders of such Indebtedness (or a trustee, administrative agent, collateral agent, security agent or similar
agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case
may be), the Loan Parties and the Administrative Agent; (b) such Indebtedness shall not mature earlier than the then-latest maturity
date in effect for any Loans at the time of incurrence thereof; (c) the weighted average life to maturity of such Indebtedness
shall not be less than the then-remaining weighted average life to maturity of any then-existing tranche of Term Loans; (d) such
Indebtedness contains covenants, events of default and other terms that are customary for similar Indebtedness in light of then-prevailing
market conditions and, when taken as a whole (other than interest rates, fees, discounts, premiums and optional prepayment or redemption
terms), are: (i) substantially identical to, or are not materially more restrictive to the Parent Borrower and its Restricted Subsidiaries
than, those set forth in the Loan Documents (other than (x) covenants or other provisions applicable only to periods after the
then-latest maturity date in effect for any Loans at the time of incurrence thereof, and (y) covenants or other provisions that
are also for the benefit of the Agents and the Lenders in connection with the incurrence thereof); provided that, the certificate
of a Responsible Officer of the Parent Borrower delivered to the Administrative Agent pursuant to clause (g) below, together with
a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating
thereto, stating that the Parent Borrower has determined in good faith that such terms and conditions comply with this clause (d)(i)
shall satisfy the requirements in this clause (d)(i); or (ii) otherwise reasonably acceptable to the Administrative Agent; (e)
such Indebtedness does not provide for any amortization, mandatory prepayment, redemption, repurchase or sinking fund payments
(other than upon a change of control, customary asset sale or event of loss and customary acceleration rights after an event of
default) prior to the then-latest maturity date in effect for any Loans at the time of incurrence thereof; (f) such Indebtedness
is not guaranteed by any Person other than the Subsidiary Guarantors; and (g) a Responsible Officer of the Parent Borrower shall
have delivered a certificate to the Administrative Agent, on or prior to the date of incurrence of such Indebtedness, certifying
that the Parent Borrower has determined that such Indebtedness complies with the requirements set forth in clauses (a) through
(f) above; provided that clauses (b) and (c) above shall not apply to bridge Indebtedness incurred by the Parent Borrower,
so long as (i) at the initial maturity of such bridge Indebtedness, such bridge Indebtedness shall automatically convert to (or
would be required to be exchanged for) Indebtedness that

 

    28

     

    

 

complies with clauses (b) and (c) above,
and (ii) the only prepayments required to be made on such bridge Indebtedness shall be such prepayments as are customary for similar
bridge financings in light of then-prevailing market conditions (as determined by the Parent Borrower in consultation with the
Administrative Agent).

 

“Incremental
Facility Activation Notice”: a notice substantially in the form of Exhibit F together with such changes to such
form as may be agreed to by the applicable Borrower and the Lenders party to such notice.

 

“Incremental
Term Lender”: each Lender with an outstanding Incremental Term Loan.

 

“Incremental
Term Loan Facility”: as defined in the definition of Facility.

 

“Incremental
Term Loan Maturity Date”: with respect to the Incremental Term Loans to be made pursuant to any Incremental Facility
Activation Notice, the maturity date specified in such Incremental Facility Activation Notice, which shall be a date no earlier
than the earlier of (a) the Domestic Revolving Maturity Date and (b) the Global Revolving Maturity Date in effect prior to the
delivery of such Incremental Facility Activation Notice.

 

“Incremental
Term Loans”: as defined in Section 2.1(b).

 

“Incremental
Term Note”: as defined in Section 2.10(d)(v).

 

“Incur”:
as defined in Section 6.2. “Incurrence” and “Incurred” shall have correlative meanings.

 

“Indebtedness”:
with respect to any Person, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of
such Person evidenced by bonds, debentures, notes or similar instruments and representing extensions of credit, (c) all obligations
of such Person under conditional sale or other title retention agreements relating to property acquired by such Person (other than
current trade payables Incurred in the ordinary course of business and payable in accordance with customary practices), (d) all
obligations of such Person in respect of the deferred purchase price of property or services (other than (i) current trade payables
or liabilities for deferred payment for services to employees and former employees, in each case Incurred in the ordinary course
of business and payable in accordance with customary practices and (ii) unsecured Payables Programs in respect of current trade
payables Incurred in the ordinary course of business, so long as the aggregate amount at any time outstanding that is owed in respect
of such Payables Programs does not exceed an amount equal to the current trade payables so financed plus interest (or equivalent),
yield, indemnities, fees and expenses in connection therewith), (e) all Indebtedness of others secured by (or for which the holder
of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by
such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness
of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an
account party in respect of letters of credit and letters of guaranty, (i) all obligations, contingent or otherwise, of such Person
in respect of bankers’ acceptances, (j) all preferred and/or redeemable Capital Stock of any Subsidiary 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 at the option of the
holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation
or otherwise, or redeemable at the option of the holder thereof, in whole or in part, on or prior to the date that is six months
after the latest maturity date for any Loans or any Facility hereunder, (k) Receivables Transaction Attributed Indebtedness and
(l) solely for the purposes of Section 6.2, all obligations of such Person in respect of Hedging Agreements. The Indebtedness
of any Person (i) shall include the Indebtedness of any other Person (including any

 

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partnership in which such Person is a general
partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship
with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor and (ii)
shall exclude customer deposits in the ordinary course of business.

 

“Indemnified
Taxes”: Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation
of any Loan Party hereunder or under any other Loan Document.

 

“Indemnitee”:
as defined in Section 9.3(b).

 

“Indirect
FCI”: as defined in Section 2.6(g)(iv).

 

“Indirect
FCI Issuing Lender”: as defined in Section 2.6(g)(iv).

 

“Information”:
as defined in Section 9.11.

 

“Information
Memorandum”: that certain lender presentation, dated November 21, 2019, relating to the Parent Borrower and the Facilities.

 

“Interest
Election Request”: a request by the relevant Borrower to convert or continue a Borrowing of Domestic Revolving Loans,
a Borrowing of Global Revolving Loans, the Term Loan A Borrowing or an Incremental Term Loan Borrowing in accordance with Section
2.8. An Interest Election Request shall be in a form approved by the Administrative Agent (including any form on an electronic
platform or electronic transmission system as shall be approved by the Administrative Agent), and shall be appropriately completed
and signed by a Responsible Officer of the relevant Borrower.

 

“Interest
Payment Date”: (a) with respect to any ABR Loan (including a Swingline Loan), the last Business Day of each March, June,
September and December and the Domestic Revolving Maturity Date, the Global Revolving Maturity Date, the Term Loan A Maturity Date
or any Incremental Term Loan Maturity Date, as applicable; and (b) with respect to any Eurocurrency Loan, the last day of each
Interest Period applicable to such Loan and the Domestic Revolving Maturity Date, the Global Revolving Maturity Date, the Term
Loan A Maturity Date or any Incremental Term Loan Maturity Date, as applicable; provided, however, that if any Interest
Period for a Eurocurrency Loan exceeds three months, the respective dates that fall every three months after the beginning of such
Interest Period shall also be Interest Payment Dates.

 

“Interest
Period”: with respect to each Eurocurrency Loan, the period commencing on the date such Eurocurrency Loan is disbursed
or converted to or continued as a Eurocurrency Loan and ending on the date one (1), two (2), three (3) or six (6) months thereafter
(in each case, subject to availability for the interest rate applicable to the relevant currency), as selected by the applicable
Borrower in its Borrowing Request, or such other period that is twelve months or less requested by the applicable Borrower and
consented to by all of the Lenders in the Facility in which such Eurocurrency Loan is to be made; provided that:

 

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

 

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

 

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such Interest Period) shall end
on the last Business Day of the calendar month at the end of such Interest Period (and, for purposes hereof, the date of a Borrowing
initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion
or continuation of such Borrowing);

 

(c)               
no Interest Period with respect to any Global Revolving Loan shall extend beyond the Global Revolving Maturity Date;

 

(d)               
no Interest Period with respect to any Domestic Revolving Loan shall extend beyond the Domestic Revolving Maturity Date;

 

(e)               
no Interest Period with respect to any Incremental Term Loan shall extend beyond the Incremental Term Loan Maturity Date
applicable to such Incremental Term Loan; and

 

(f)                
no Interest Period with respect to the Term Loan A shall extend beyond the Term Loan A Maturity Date.

 

“Investments”:
as defined in Section 6.5.

 

“Issuing Lender”:
as the context may require, (a) Bank of America, with respect to Financial Letters of Credit issued by it, (b) any other Domestic
Revolving Lender that becomes an Issuing Lender pursuant to Section 2.5(l)(i), with respect to Financial Letters of Credit
issued by it, (c) any Domestic Revolving Lender or Global Revolving Lender that has issued an Existing Letter of Credit, with respect
to such Existing Letter of Credit and, in each case its successors in such capacity as provided in Section 2.5(i), and (d)
Deutsche Bank and Bank of America, with respect to Non-Financial Letters of Credit issued by such Issuing Lender; provided
that the aggregate amount of Non-Financial Letters of Credit required to be issued by an Issuing Lender shall not exceed the amount
set forth on Schedule 1.1F with respect to such Issuing Lender. Any Issuing Lender may, in its discretion, arrange for one
or more Letters of Credit to be issued by Affiliates or branch offices of such Issuing Lender, in which case the term “Issuing
Lender” shall include any such Affiliate or branch office with respect to Letters of Credit issued by such Affiliate or branch
office. Notwithstanding anything to the contrary set forth herein, Alternative Currency Letters of Credit that are Financial Letters
of Credit may only be issued by Bank of America, in its capacity as an Issuing Lender.

 

“Joint FCI
Issuing Lenders”: as defined in Section 2.6(m)(i).

 

“Joint Foreign
Trade Facility Agent”: as defined in Section 2.6(m)(ii).

 

“Joint Signature
FCI”: a Bilateral Joint Signature FCI or a Participation Joint Signature FCI.

 

“Joint Venture”:
any joint venture in which the Parent Borrower or any of its Restricted Subsidiaries owns directly or indirectly at least 40% of
the Capital Stock.

 

“Judgment
Currency”: as defined in Section 9.14(a).

 

“Judgment
Currency Conversion Date”: as defined in Section 9.14(a).

 

“LC Disbursement”:
a Financial LC Disbursement and/or a Non-Financial LC Disbursement, as the context may require.

 

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“LC Exposure”:
Financial LC Exposure and/or Non-Financial LC Exposure, as the context may require.

 

“Lenders”:
the Persons listed on Schedule 1.1A and any other Person that shall have become a party hereto pursuant to a New Lender
Supplement, an Incremental Facility Activation Notice, an Assignment and Assumption or such other documentation, as applicable,
other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the context otherwise
requires, the term “Lenders” includes each Domestic Revolving Lender, each Global Revolving Lender, each Term Loan
A Lender, each Incremental Term Lender, the Swingline Lender, each Issuing Lender, each Lender with a Participation FCI Commitment
and each FCI Issuing Lender.

 

“Lending Office”:
with respect to any Lender or any FCI Issuing Lender, the office designated by such Lender or such FCI Issuing Lender by written
notice to the Foreign Trade Facility Agent, the Administrative Agent and the relevant Borrower, which office may include any Affiliate
of such Lender or such FCI Issuing Lender or any domestic or foreign branch of such Lender or such FCI Issuing Lender or such Affiliate.
Unless the context otherwise requires each reference to a Lender or an FCI Issuing Lender shall include its applicable Lending
Office.

 

“Letter of
Credit”: as the context may require, (a) any standby letter of credit (other than an FCI) that is a Financial Letter
of Credit issued pursuant to this Agreement under the Domestic Revolving Facility, including the Existing Letters of Credit specified
as Financial Letters of Credit on Schedule 1.1E, or (b) to the extent issued by Deutsche Bank or Bank of America, with respect
to Non-Financial Letters of Credit, any Warranty Guarantee, Performance Guarantee, Advance Payment Guarantee, Tender Guarantee,
General Purpose Guarantee or Counter-Guarantee issued under the Global Revolving Facility, including the Existing Letters of Credit
specified as Non-Financial Letters of Credit on Schedule 1.1E.

 

“Letter of
Credit Cash Cover”: as defined in Section 2.5(c)(i).

 

“LIBOR”:
as defined in the definition of “Eurocurrency Rate”.

 

“LIBOR Quoted
Currency”: Dollars, Euro, Sterling, Yen and Swiss Franc, in each case as long as there is a published LIBOR rate with
respect thereto.

 

“LIBOR Rate”:
as defined in the definition of “Eurocurrency Rate”.

 

“LIBOR Screen
Rate”: the LIBOR quote on the applicable screen page the Administrative Agent designates to determine LIBOR (or such
other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).

 

“LIBOR Successor
Rate”: as defined in Section 1.10.

 

“LIBOR Successor
Rate Conforming Changes”: with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition
of Alternate Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other technical,
administrative or operational matters as may be appropriate, in the discretion of the Administrative Agent (in consultation with
the Parent Borrower), to reflect the adoption and implementation of such LIBOR Successor Rate and to permit the administration
thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent
determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for
the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines
in

 

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consultation with the Parent Borrower is
reasonably necessary in connection with the administration of this Agreement).

 

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

 

“Limited Condition
Acquisition”: a Permitted Acquisition made by the Parent Borrower or one or more of its Restricted Subsidiaries the consummation
of which is not conditioned on the availability of, or on obtaining, third party financing.

 

“Loan”:
any loan made by any Lender pursuant to this Agreement.

 

“Loan Documents”:
this Agreement, each of the Security Documents, each Note, each Incremental Facility Activation Notice, each Borrowing Subsidiary
Agreement, each Borrowing Subsidiary Termination, the Fee Letter and the Deutsche Bank Fee Letter.

 

“Loan Parties”:
the Borrowers and the Subsidiary Guarantors.

 

“Long Term
Letters of Credit”: the Existing Letters of Credit with expiry dates after the Domestic Revolving Maturity Date.

 

“Losses”:
as defined in Section 9.3(b).

 

“Mandatory
Cost”: any amount incurred at any time or from time to time by any Lender during the term of the applicable Facility
which constitutes fees, costs or charges imposed on lenders generally in the jurisdiction in which such Lender is domiciled, subject
to regulation, or has its Lending Office by any Governmental Authority.

 

“Mandatory
Requirements”: the requirements under Part A of Schedule 1.1C.

 

“Material
Adverse Effect”: a material adverse change in or a material adverse effect on (a) the business, properties, or financial
condition of the Parent Borrower and its Restricted Subsidiaries taken as a whole, (b) the ability of the Loan Parties, taken as
a whole, to perform any of their obligations under any Loan Document or (c) the rights of or benefits available to any Agent or
any Lender under any Loan Document.

 

“Material
Indebtedness”: Indebtedness (other than the Loans, Letters of Credit and FCIs), or obligations in respect of one or more
Hedging Agreements, of any one or more of the Parent Borrower and its Restricted Subsidiaries in an aggregate principal amount
exceeding $15,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations
of the Parent Borrower or any Restricted Subsidiary in respect of any Hedging Agreement at any time shall be the maximum aggregate
amount (giving effect to any netting agreements) that the Parent Borrower or such Restricted Subsidiary would be required to pay
if such Hedging Agreement were terminated at such time.

 

“Material
Receivables Transaction Attributed Indebtedness”: Receivables Transaction Attributed Indebtedness of any one or more
of the Parent Borrower and its Restricted Subsidiaries in an aggregate principal amount exceeding $75,000,000.

 

    33

     

    

 

“Material
Subsidiary”: (a) any Restricted Subsidiary listed on Schedule 1.1B as a Material Subsidiary and (b) any other
Restricted Subsidiary of the Parent Borrower created or acquired after the Effective Date that (i) is either a Domestic Subsidiary
or a Foreign Subsidiary that is directly owned by the Parent Borrower or a Subsidiary Guarantor, and (ii) together with its Restricted
Subsidiaries, has aggregate assets (excluding assets that would be eliminated upon consolidation in accordance with GAAP), at the
time of determination, in excess of $25,000,000.

 

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

 

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

 

“Net Proceeds”:
with respect to any event (a) the cash proceeds received in respect of such event including (i) any cash received in respect of
any non-cash proceeds, but only as and when received, (ii) in the case of a casualty, insurance proceeds, and (iii) in the case
of a casualty or a condemnation or similar event, condemnation awards and similar payments, net of (b) the sum of (i) all reasonable
fees and out-of-pocket expenses paid by the Parent Borrower and the Restricted Subsidiaries to third parties (other than Affiliates)
in connection with such event, (ii) in the case of a Disposition of an asset (including pursuant to a condemnation or similar proceeding),
the amount of all payments required to be made by the Parent Borrower and the Restricted Subsidiaries as a result of such event
to repay Indebtedness (other than Loans) or to pay any other Contractual Obligation secured by such asset or otherwise subject
to mandatory prepayment or repayment as a result of such event, (iii) the amount of all taxes paid (or reasonably estimated to
be payable) by the Parent Borrower and the Restricted Subsidiaries (including all taxes paid in connection with the repatriation
of the Net Proceeds of a Disposition), and (iv) the amount of any reserves established by the Parent Borrower and the Restricted
Subsidiaries to fund contingent liabilities reasonably estimated to be payable, in each case that are directly attributable to
such event (as determined reasonably and in good faith by the chief financial officer of the Parent Borrower).

 

“New Lender
Supplement”: a supplement substantially in the form of Exhibit G.

 

“New Zealand
Dollar”: the lawful currency of New Zealand.

 

“Non-Extension
Notice Date”: as defined in Section 2.5(b)(i).

 

“Non-Financial
LC Disbursement”: a payment made by the applicable Issuing Lender pursuant to a Non-Financial Letter of Credit.

 

“Non-Financial
LC Exposure”: at any time, the sum of (a) the aggregate outstanding amount of all Non-Financial Letters of Credit that
are denominated in Dollars at such time plus (b) the aggregate principal amount of all Non-Financial LC Disbursements that
are denominated in Dollars that have not yet been reimbursed by or on behalf of the relevant Borrower at such time plus
(c) the Alternative Currency Non-Financial LC Exposure at such time. The Non-Financial LC Exposure of any Global Revolving Lender
at any time shall be its Applicable Global Revolving Percentage of the total Non-Financial LC Exposure at such time.

 

“Non-Financial
Letter of Credit”: a Letter of Credit that is a Warranty Guarantee, a Performance Guarantee, an Advance Payment Guarantee,
a Tender Guarantee, a General Purpose Guarantee or a Counter-Guarantee, in each case issued by an Issuing Lender pursuant to the
terms hereof.

 

“Non-Financial
Letter of Credit Assuming Person”: as defined in Section 2.5(a)(ii).

 

“Non-Financial
Letter of Credit Fees”: as defined in Section 2.14(b)(ii).

 

    34

     

    

 

“Non-LIBOR
Quoted Currency”: any currency other than a LIBOR Quoted Currency.

 

“Non-Subsidiary
Joint Venture”: any joint venture of the Parent Borrower or any of its Restricted Subsidiaries which is not a Restricted
Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries.

 

“Non-U.S.
Recipient”: as defined in Section 2.19(e).

 

“Note”
or “Notes”: the Domestic Revolving Notes, the Global Revolving Notes, the Term A Notes, the Swingline Note and/or
the Incremental Term Notes, individually or collectively, as appropriate.

 

“Notice Date”:
as defined in Section 2.6(b)(i).

 

“Notice of
Loan Prepayment”: a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit
P or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic
transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer
of the applicable Borrower.

 

“Obligation
Currency”: as defined in Section 9.14(a).

 

“Obligations”:
the collective reference to the unpaid principal of and interest (and premium, if any) on the Loans, Reimbursement Obligations,
Bilateral FCI Reimbursement Obligations and Participation FCI Reimbursement Obligations and all other obligations and liabilities
of the Borrowers (including interest accruing at the then applicable rate provided herein after the maturity of the Loans, Reimbursement
Obligations, Bilateral FCI Reimbursement Obligations and Participation FCI Reimbursement Obligations and interest accruing at the
then applicable rate provided herein after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization
or like proceeding, relating to any Borrower or any Subsidiary Guarantor, whether or not a claim for post-filing or post-petition
interest is allowed in such proceeding) to any Agent or any Lender (or, in the case of any Hedging Agreement of any Borrower or
any Subsidiary or any Specified Cash Management Agreement, any Lender or any Affiliate of any Lender (even if such Person ceases
to be a Lender or such Person’s Affiliate ceased to be a Lender; provided that, in the case of a Hedging Agreement
with a Person who is no longer a Lender (or Affiliate of a Lender), the obligations arising under such Hedging Agreement shall
only constitute Obligations through the stated termination date (without extension or renewal) of such Hedging Agreement)), whether
direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter Incurred, which may arise under,
out of, or in connection with, this Agreement, the other Loan Documents, any Hedging Agreement of any Borrower or any Subsidiary
with any Lender or Affiliate of a Lender (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to
be a Lender; provided that, in the case of a Hedging Agreement with a Person who is no longer a Lender (or Affiliate of
a Lender), the obligations arising under such Hedging Agreement shall only constitute Obligations through the stated termination
date (without extension or renewal) of such Hedging Agreement) or Specified Cash Management Agreement with any Lender or any Affiliate
of any Lender (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender), in each case
whether on account of principal, interest, premium, reimbursement obligations, fees, indemnities, costs, expenses or otherwise
(including all fees and disbursements of counsel to any Agent or to any Lender that are required to be paid by any Borrower or
any Subsidiary pursuant to the terms of any of the foregoing agreements); provided, however, that the “Obligations”
of a Loan Party shall exclude any Excluded Swap Obligations with respect to such Loan Party.

 

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“OFAC”:
the Office of Foreign Assets Control of the United States Department of the Treasury.

 

“Original
FCI Account Party”: as defined in Section 2.6(a).

 

“Original
FCI-Related Agreements”: as defined in Section 2.6(a).

 

“Original
Financial Letter of Credit Account Party”: as defined in Section 2.5(a)(i).

 

“Original
Financial Letter of Credit Agreements”: as defined in Section 2.5(a)(i).

 

“Original
Non-Financial Letter of Credit Account Party”: as defined in Section 2.5(a)(ii).

 

“Original
Non-Financial Letter of Credit Agreements”: as defined in Section 2.5(a)(ii).

 

“Other Permitted
Debt”: any unsecured Indebtedness Incurred by the Parent Borrower as permitted by Section 6.2(l).

 

“Other Permitted
Debt Documents”: all indentures, instruments, agreements and other documents evidencing or governing Other Permitted
Debt or providing for any Guarantee or other right in respect thereof.

 

“Other Taxes”:
any and all present or future stamp or documentary taxes or any other excise charges or similar levies arising from the execution,
delivery or enforcement of any Loan Document, other than those imposed as a result of a present or former connection between the
applicable Lender and the jurisdiction imposing such tax (other than any connection arising from this Agreement) with respect to
an assignment or participation by a Lender (other than an assignment made pursuant to Section 2.21).

 

“Parent Borrower”:
as defined in the preamble.

 

“Participant”:
as defined in Section 9.4(e).

 

“Participant
Register”: as defined in Section 9.4(j).

 

“Participating
Member State”: any member state of the European Union that adopts or has adopted the Euro as its lawful currency in accordance
with legislation of the European Union relating to the EMU.

 

“Participation
FCI”: a Warranty Guarantee, a Performance Guarantee, an Advance Payment Guarantee, a Tender Guarantee, a General Purpose
Guarantee or a Counter-Guarantee, in each case issued by a Participation FCI Issuing Lender pursuant to the terms hereof or an
Existing FCI designated as a Participation FCI on Schedule 1.1D.

 

“Participation
FCI Commitment”: with respect to each Lender, the obligation of such Lender to purchase participations in each Participation
FCI hereunder, as such obligation may be changed from time to time pursuant to this Agreement. The Participation FCI Commitment
of each Lender party to this Agreement on the Third Amendment Effective Date is set forth opposite the name of such Lender on Schedule
1.1A. The initial Participation FCI Commitment of each Lender that becomes a party to this Agreement after the Third Amendment
Effective Date shall be set forth in the Assignment and Assumption or other agreement pursuant to which such Lender becomes a party
hereto, as applicable. The aggregate amount of the Participation FCI Commitments as of the Third Amendment Effective Date is FIFTY-FIVE
MILLION DOLLARS ($55,000,000).

 

    36

     

    

 

“Participation
FCI Commitment Fee”: as defined in Section 2.6(p)(i)(A).

 

“Participation
FCI Disbursement”: a payment made by a Participation FCI Issuing Lender pursuant to a Participation FCI.

 

“Participation
FCI Fee”: as defined in Section 2.6(p)(ii).

 

“Participation
FCI Fronting Fee”: as defined in Section 2.6(p)(iii).

 

“Participation
FCI Issuing Commitment”: with respect to each Participation FCI Issuing Lender, the commitment of such Participation
FCI Issuing Lender to issue Participation FCIs, as such commitment may be changed from time to time pursuant to this Agreement.
The Participation FCI Issuing Commitment of each Participation FCI Issuing Lender party to this Agreement on the Third Amendment
Effective Date is set forth on Schedule 1.1A. The initial Participation FCI Issuing Commitment of each Participation FCI
Issuing Lender that becomes a party to this Agreement after the Third Amendment Effective Date shall be set forth in the Assignment
and Assumption or other agreement pursuant to which such Participation FCI Issuing Lender becomes a party hereto, as applicable.
The aggregate principal amount of the Participation FCI Issuing Commitments as of the Third Amendment Effective Date is FIFTY-FIVE
MILLION DOLLARS ($55,000,000).

 

“Participation
FCI Issuing Lender”: (a) a Lender with a Participation FCI Issuing Commitment or with FCI Issuing Lender Exposure related
to Participation FCIs, (b) a Person whose Participation FCI Issuing Commitment was terminated pursuant to the terms of Section
2.6(b)(i) or at the election of the Parent Borrower pursuant to the terms of Section 2.9 but that has issued prior to
such termination any Participation FCI pursuant to Section 2.6 that continues to remain outstanding following such termination
(for which it has not received a Counter-Guarantee or in respect of which the Parent Borrower or other relevant Borrower has not
provided Cash Cover (or other credit support) in accordance with Section 2.6(p)(vii), in each case as credit support for
such Participation FCI, provided that if it has received such a Counter-Guarantee or such Cash Cover (or other credit support)
has been provided, it shall continue to have the rights and obligations of a Participation FCI Issuing Lender to the extent provided
in Section 2.6(b)(i)), (c) any other Lender with a Participation FCI Commitment that becomes a Participation FCI Issuing
Lender pursuant to Section 2.6(t), with respect to Participation FCIs issued by it, and (d) with respect to the Existing
FCIs, a Lender designated as the issuer of an Existing FCI that is a Participation FCI.

 

“Participation
FCI Reimbursement Obligation”: the obligation of each relevant Borrower to reimburse the relevant Participation FCI Issuing
Lender pursuant to Section 2.6(h) for Participation FCI Disbursements.

 

“Participation
Joint Signature FCI”: a Participation FCI issued by two or more Participation FCI Issuing Lenders acting as several debtors
in accordance with Section 2.6(m).

 

“PATRIOT Act”:
as defined in Section 3.17(c).

 

“Payables
Programs”: payables programs established to enable the Parent Borrower or any Restricted Subsidiary to purchase goods
and services from vendors.

 

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

 

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“Performance
Guarantee”: a customary standby letter of credit or bank guarantee or surety issued by an FCI Issuing Lender (with respect
to FCIs) or an Issuing Lender (with respect to the Non-Financial Letters of Credit), in each case in favor of customers of the
Parent Borrower, any of its Restricted Subsidiaries or any of its Joint Ventures for the purpose of supporting the fulfillment
of such parties’ performance obligations under any construction, service or similar agreement.

 

“Permitted
Acquisition”: any acquisition by the Parent Borrower or any Restricted Subsidiary of all or substantially all of the
Capital Stock of, or all or substantially all of the assets of, or of a business, unit or division of, any Person (including any
related Investment in any Restricted Subsidiary in order to provide all or any portion of the Consideration for such acquisition);
provided that: (a) the Parent Borrower shall be in compliance, on a pro forma basis after giving effect to such acquisition,
with the covenants contained in Section 6.1, in each case recomputed as at the last day of the most recently ended fiscal
quarter of the Parent Borrower for which the relevant information is available as if such acquisition had occurred on the first
day of each relevant period for testing such compliance (as demonstrated, in the case of any acquisition for which the aggregate
Consideration is greater than or equal to $50,000,000, in a certificate of a Financial Officer delivered to the Administrative
Agent prior to the consummation of such acquisition); provided that (i) with respect to any computation for any acquisition
of any Person, all terms of an accounting or financial nature with respect to such Person and its Subsidiaries shall be construed
in accordance with the financial standards applicable to such Person and its Subsidiaries, as in effect at the time of such acquisition,
and (ii) solely for the purpose of determining compliance with the covenants contained in Section 6.1 after giving effect
to any Limited Condition Acquisition on a pro forma basis (including without limitation the incurrence of indebtedness in
connection therewith), (A) Consolidated Net Income (and any other financial term derived therefrom) of the Parent Borrower and
its Restricted Subsidiaries shall include any Consolidated Net Income of or attributable to the Person or assets associated with
any such Limited Condition Acquisition (provided, however, that, for all other purposes prior to the closing of such
Limited Condition Acquisition, pro forma calculations shall not include any Consolidated Net Income of or attributable to the Person
or assets associated with any such Limited Condition Acquisition (unless and until the closing of such Limited Condition Acquisition
shall have actually occurred)) and (B) at the Parent Borrower’s option, determinations of pro forma compliance with the covenants
contained in Section 6.1 shall be determined as of the date the Acquisition Agreement is entered into and calculated as
if the Limited Condition Acquisition and other pro forma events in connection therewith were consummated on such date (provided
that if the Parent Borrower shall elect to determine such compliance on the date on which such Acquisition Agreement is executed
and delivered, during the period commencing with the execution and delivery of such Acquisition Agreement and ending on the earlier
to occur of (1) the date of consummation of such Limited Condition Acquisition, and (2) the date of abandonment by the Parent Borrower
or the applicable Restricted Subsidiary of such Limited Condition Acquisition, each calculation on a pro forma basis required
hereunder shall be deemed to require two calculations of each of the relevant covenants set forth in Section 6.1, the first
assuming that such Limited Condition Acquisition (and all transactions in connection therewith, including the incurrence of any
Incremental Term Loans or any Commitment increase) has been consummated and the second assuming that such transaction has been
abandoned, and, for the avoidance of doubt, with respect to any particular transaction for which pro forma compliance is required,
each such calculation must demonstrate compliance on a pro forma basis in order for such transaction to be permitted); (b)
no Specified Default shall have occurred and be continuing, or would occur after giving effect to such acquisition; provided
that solely for the purpose of determining compliance with this clause (b) as it relates to any Limited Condition Acquisition,
at the Parent Borrower’s option, determination of whether a Specified Default shall have occurred and be continuing (other
than any Specified Default of the type specified in paragraphs (a), (b), (h), (i) or (j) of
Article VII) shall be tested as of the date the Acquisition Agreement is entered into; provided, further,
that, in any event, no Specified Default of the type specified in paragraphs (a), (b), (h), (i) or
(j) of Article VII shall have occurred and be continuing on the date of consummation of any such Limited Condition
Acquisition; (c) substantially all of the property so

 

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acquired (including substantially all of
the property of any Person whose Capital Stock is directly or indirectly acquired) is useful in the business of the general type
conducted by the Parent Borrower and its Restricted Subsidiaries on the Effective Date or businesses reasonably related thereto;
(d) the Capital Stock so acquired (other than any Capital Stock that is not required by Section 5.11 to become Collateral)
shall constitute and become Collateral as and when required by Section 5.11; (e) if the Ratings Event shall have occurred,
substantially all of the property other than Capital Stock so acquired (including substantially all of the property of any Person
whose Capital Stock is directly or indirectly acquired when such Person becomes a direct or indirect Wholly Owned Subsidiary of
the Parent Borrower in accordance with clause (f), below, but excluding any assets to the extent such assets are not required by
Section 5.11 to become Collateral) shall constitute and become Collateral; (f) any Person whose Capital Stock is directly
or indirectly acquired shall be, after giving effect to such acquisition, (i) with respect to any such Person that is a Domestic
Subsidiary, within six (6) months of such acquisition, a direct or indirect Wholly Owned Subsidiary of the Parent Borrower, and
(ii) with respect to any such Person that is a Foreign Subsidiary, within eighteen (18) months of such acquisition at least 80%
of the Capital Stock of such Foreign Subsidiary shall be owned directly or indirectly by the Parent Borrower; and (g) any such
acquisition shall have been approved by the board of directors or comparable governing body of the relevant Person (unless such
relevant Person is a majority owned Subsidiary prior to such acquisition).

 

“Permitted
Asset Disposition”: the disposition of certain assets identified in writing as the “Permitted Asset Disposition”
on or prior to the Third Amendment Effective Date by the Parent Borrower to the Administrative Agent (for further distribution
to the Lenders).

 

“Permitted
Currencies”: Dollars, Sterling and Euros.

 

“Permitted
Encumbrances”: (a) Liens imposed by law for taxes that are not yet due or are being contested in compliance with Section
5.5; (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens
imposed by law (and in the case of supply agreements governed by German law, also contractually agreed), arising in the ordinary
course of business and securing obligations that are not overdue by more than 90 days or are being contested in compliance with
Section 5.5; (c) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation,
unemployment insurance and other social security laws or regulations (such as Liens on amounts deposited to secure any Loan Party’s
and its Restricted Subsidiaries’ obligations in connection with pension liabilities (Altersteilzeitverpflichtungen)
pursuant to § 8a German Partial Retirement Act (Altersteilzeitgesetz) or in connection with time credits (Wertguthaben)
pursuant to § 7e German Social Code IV (Sozialgesetzbuch IV)); (d) deposits to secure the performance of bids, trade
contracts, leases, statutory obligations, surety, indemnity, release and appeal bonds, performance or warranty bonds and other
obligations of a like nature, and guarantees or reimbursement or related obligations thereof, in each case in the ordinary course
of business; (e) deposits securing liabilities to insurance carriers under insurance or self-insurance arrangements; (f) judgment
(including pre-judgment attachment) Liens not giving rise to an Event of Default; (g) banker’s Liens, rights of set-off or
similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution; provided that
(i) such deposit account is not a dedicated cash collateral account and is not subject to restrictions against access by the Parent
Borrower or any Restricted Subsidiary in excess of those set forth by regulations promulgated by the Board or other applicable
Governmental Authority and (ii) such deposit account is not intended by the Parent Borrower or any Restricted Subsidiary to provide
collateral to the depositary institution; (h) Liens arising from UCC financing statement filings regarding operating leases or
consignments entered into by the Parent Borrower and any Restricted Subsidiary in the ordinary course of business; (i) customary
restrictions imposed on the license or transfer of copyrighted or patented materials or other intellectual property and customary
provisions in agreements that restrict the assignment of such agreements or any rights thereunder; (j) easements, leases, subleases,
ground leases, zoning restrictions, building codes, rights-of-way, minor defects or irregularities in title and similar encumbrances
on real property imposed

 

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by law or arising in the ordinary course
of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or
interfere with the ordinary conduct of business of the Parent Borrower or any Restricted Subsidiary; (k) any Lien required to be
granted under mandatory law in favor of creditors as a consequence of a merger or a conversion permitted under this Agreement due
to Sections 22 and 204 German Reorganization Act (Umwandlungsgesetz, UmwG); (l) Liens arising under the general terms and
conditions (Allgemeine Geschäftsbedingungen der Banken und Sparkassen) in relation to bank accounts held in Germany;
and (m) customary unperfected Liens Incurred in the ordinary course of business that secure current trade payables Incurred in
the ordinary course of business and payable in accordance with customary practices; provided that such Liens encumber only
the assets related to such current trade payables. Notwithstanding the foregoing, the term “Permitted Encumbrances”
shall not include any Lien securing Indebtedness.

 

“Permitted
Investments”: (a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed
by, the United States (or by any agency or instrumentality thereof to the extent such obligations are backed by the full faith
and credit of the United States), in each case maturing within one year from the date of acquisition thereof; (b) investments in
commercial paper maturing within one year from the date of acquisition thereof and having, at such date of acquisition, credit
ratings from S&P or from Moody’s of at least “A-2” or “P-2”, respectively; (c) investments in
certificates of deposit, banker’s acceptances, overnight bank deposits, eurodollar time deposits and time deposits maturing
within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts
issued or offered by, any domestic office of any commercial bank organized under the laws of the United States or any State thereof
which has a combined capital and surplus and undivided profits of not less than $500,000,000 or, in the case of Foreign Subsidiaries,
any local office of any commercial bank organized under the laws of the relevant local jurisdiction or any OECD country or any
political subdivision thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000 and
cash pooling arrangements among Foreign Subsidiaries (sometimes intermediated by a commercial bank); (d) marketable general obligations
issued by any State of the United States or any political subdivision of any such State or any public instrumentality thereof maturing
within one year from the date of acquisition and, at the time of acquisition, having a credit rating of “A” or better
from either S&P or Moody’s; (e) repurchase agreements with a term of not more than 30 days for securities described in
clause (a), (c) or (d) above and entered into with a financial institution satisfying the criteria described in clause
(c) above; (f) interests in any investment company or money market fund which invests substantially all of its assets in instruments
of the type specified in clauses (a) through (e) above; and (g) in the case of Foreign Subsidiaries (other than any
Foreign Subsidiary Holdco), substantially similar Investments to those set forth in clauses (a) through (f) above
denominated in foreign currencies; provided that references to the United States (or any agency, instrumentality or State
thereof) shall be deemed to mean foreign countries having a sovereign rating of “A” or better from either S&P or
Moody’s.

 

“Permitted
Maturity”: (a) with respect to any Participation FCI, a maximum tenor of 60 months following the respective issuance
date (which (x) in the case of any Participation FCI that is rolled into this Agreement in accordance with the provisions hereof,
shall be the date of such roll-in, and (y) in the case of any extension of any Participation FCI, shall be the date of the amendment
providing for such extension); provided that (i) not more than 33 1/3% of the total Participation FCI Issuing Commitments
may be used for Participation FCIs with a tenor of 48 months or more and (ii) no Participation FCI may have a maximum tenor that
is more than 36 months after the then effective Foreign Trade Maturity Date; and (b) with respect to any Bilateral FCI, the tenor
agreed to by the applicable Borrower and the applicable Bilateral FCI Issuing Lender. For purposes of this definition, “tenor”
shall mean the period remaining from time to time until the maturity of the relevant FCI determined on the basis of the expiration
date specified in the relevant FCI in accordance with Section 2.6(c)(iv), or, in the absence of such specific expiration
date, the remaining Commercial Lifetime.

 

    40

     

    

 

 

“Permitted
Refinancing” means, with respect to any Indebtedness of any Person, any extension, renewal or replacement of such Indebtedness;
provided that the outstanding principal amount of the Indebtedness so extended, renewed or replaced does not exceed the
sum of (a) the outstanding principal amount of the Indebtedness so extended, renewed or replaced, plus (b) an amount equal
to accrued and unpaid interest on, and premiums on, the Indebtedness so extended, renewed or replaced, plus (c) reasonable
and customary fees (including upfront fees), expenses, commissions, and underwriting discounts (including original issue discount)
incurred and payable in connection with such extension, renewal or replacement, plus (d) an amount equal to any existing
unutilized commitments under the Indebtedness so extended, renewed or replaced.

 

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

 

“Plan”:
any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412
or Section 430 of the Code or Section 302 of ERISA, and in respect of which the Parent Borrower or any ERISA Affiliate is (or,
if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section
3(5) of ERISA.

 

“Platform”:
as defined in Section 5.1.

 

“Prepayment
Event”:

 

(a)               
any Disposition of property or series of related Dispositions of property (excluding (i) any such Disposition permitted
by paragraph (a), (b), (c), or (g) of Section 6.6, and (ii) the Permitted Asset Disposition
permitted by paragraph (d) of Section 6.6 (but, for the avoidance of doubt, subject to the proviso to paragraph
(d) of Section 6.6)) that yields aggregate gross proceeds to the Parent Borrower or any of the Subsidiary Guarantors
(valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and
valued at fair market value in the case of other non-cash proceeds) in excess of $25,000,000 if, after giving effect to any such
Disposition on a pro forma basis, the Consolidated Leverage Ratio is equal to or greater than 2.75 to 1.0 (it being understood
and agreed that for purposes of any such calculation, (x) the proceeds of such Disposition shall not constitute “unrestricted
cash and cash equivalents” for purposes of determining Consolidated Total Debt, and (y) the application of the proceeds of
such Disposition (including for purposes of repaying any Indebtedness) shall not be given pro forma effect); or

 

(b)               
any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding
of, any property of the Parent Borrower or any Subsidiary Guarantor that yields Net Proceeds in excess of $10,000,000; or

 

(c)               
the Incurrence by the Parent Borrower or any Restricted Subsidiary of any Indebtedness, other than Indebtedness permitted
by Section 6.2.

 

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

 

“Public Lender”:
as defined in Section 5.1.

 

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

 

    41

     

    

 

“QFC Credit
Support”: as defined in Section 9.20.

 

“Qualified
Acquisition”: as defined in the definition of “Qualified Acquisition Pro Forma Calculation”.

 

“Qualified
Acquisition Pro Forma Calculation”: to the extent made in connection with determining the permissibility of (a) any Permitted
Acquisition with Consideration in excess of $100,000,000 for which the provisos in Section 6.1(a) apply (any such Permitted
Acquisition, a “Qualified Acquisition”), the calculations required by clause (a) in the first proviso of the
definition of “Permitted Acquisition”, (b) any increase in any Commitments in accordance with Section 2.1(b)
in connection with a Qualified Acquisition, the calculations required by clause (3) in the first proviso of Section 2.1(b),
and (c) the incurrence of any Incremental Term Loans in accordance with Section 2.1(b) in connection with a Qualified Acquisition,
the calculations required by clause (3) in the first proviso of Section 2.1(b).

 

“Qualified
ECP Guarantor”: at any time, each Loan Party with total assets exceeding $10,000,000 or that qualified at such time as
an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible
contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

“Qualified
Receivables Transaction”: any transaction or series of transactions that may be entered into by the Parent Borrower or
any Restricted Subsidiary pursuant to which the Parent Borrower or any Restricted Subsidiary (i) may sell, convey or otherwise
transfer to a Receivables Entity or any other Person, (ii) may enter into a repurchase facility with respect to and/or (iii) may
grant a security interest in, in each case, any Receivables (whether now existing or arising in the future) of the Parent Borrower
or any Restricted Subsidiary or any subordinated note or certificate issued by a Receivables Entity in exchange for, or otherwise
backed by, Receivables transferred by the Parent Borrower or any Restricted Subsidiary to such Receivables Entity, and any assets
related thereto including all collateral securing such Receivables, all contracts and all guarantees or other obligations in respect
of such Receivables, the proceeds of such Receivables, the lockbox accounts in respect of such Receivables and other assets which
are customarily transferred, or in respect of which security interests are customarily granted, in connection with sales, factoring,
repurchase facilities or securitizations involving Receivables or any subordinated note or certificate issued by a Receivables
Entity in exchange for, or otherwise backed by, Receivables transferred by the Parent Borrower or any Restricted Subsidiary to
such Receivables Entity.

 

“Rate Determination
Date”: the date that is, with respect to any Interest Period, two (2) Business Days prior to the commencement of such
Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market,
as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible
for the Administrative Agent, then “Rate Determination Date” means such other day as otherwise reasonably determined
by the Administrative Agent).

 

“Ratings Event”:
as defined in Section 5.11(b).

 

“Ratio Incremental
Amount”: as specified in the definition of “Incremental Amount”.

 

“Rebasing
Date”: as defined in Section 2.6(o)(i).

 

“Receivable”:
a right to receive payment arising from a sale or lease of goods or the performance of services by a Person pursuant to an arrangement
with another Person pursuant to which such other

 

    42

     

    

 

Person is obligated to pay for goods or
services under terms that permit the purchase of such goods and services on credit and shall include, in any event, any items of
property that would be classified as an “account”, “chattel paper”, a “payment intangible”
or an “instrument” under the UCC as in effect in the State of New York and any “supporting obligations”
(as so defined) of such items.

 

“Receivables
Entity”: either (a) any Restricted Subsidiary or (b) another Person to which the Parent Borrower or any Restricted Subsidiary
transfers Receivables and related assets, in either case which engages in no activities other than in connection with the financing
of Receivables:

 

(i)                
no portion of the Indebtedness or any other obligations (contingent or otherwise) of which:

 

(A)             
is guaranteed by the Parent Borrower or any Restricted Subsidiary (excluding guarantees of obligations (other than the principal
of, and interest on, Indebtedness) pursuant to Standard Receivables Undertakings);

 

(B)             
is recourse to or obligates the Parent Borrower or any Restricted Subsidiary in any way other than pursuant to Standard
Receivables Undertakings; or

 

(C)             
subjects any property or asset of the Parent Borrower or any Restricted Subsidiary, directly or indirectly, contingently
or otherwise, to the satisfaction thereof, other than pursuant to Standard Receivables Undertakings;

 

(ii)             
with which neither the Parent Borrower nor any Restricted Subsidiary has any material contract,
agreement, arrangement or understanding (except in connection with a purchase money note or Qualified Receivables Transaction permitted
by Section 6.6(c)) other than (A) on terms, taken as a whole, not materially less favorable to the Parent Borrower or such
Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Parent Borrower
or (B) for the payment of fees in the ordinary course of business in connection with servicing Receivables; and

 

(iii)           
to which neither the Parent Borrower nor any Restricted Subsidiary has any obligation to maintain
or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results.

 

“Receivables
Transaction Attributed Indebtedness”: (a) in the case of any Receivables securitization (including any Qualified Receivables
Transaction, but excluding any sale or factoring of Receivables), the amount of obligations outstanding under the legal documents
entered into as part of such Receivables securitization on any date of determination that would be characterized as principal if
such Receivables securitization were structured as a secured lending transaction rather than as a purchase, (b) in the case of
any repurchase facility that constitutes a Qualified Receivables Transaction, the aggregate principal amount of any obligations
outstanding with respect thereto and (c) in the case of any sale or factoring of Receivables, the cash purchase price paid
by the buyer in connection with its purchase of Receivables (including any bills of exchange) less the amount of collections
received in respect of such Receivables and paid to such buyer, excluding any amounts applied to purchase fees or discount or in
the nature of interest, in each case as determined in good faith and in a consistent and commercially reasonable manner by the
Parent Borrower (provided that if such method of calculation is not applicable to such sale or factoring of Receivables,
the amount of Receivables Transaction Attributed Indebtedness

 

    43

     

    

 

associated therewith shall be determined
in a manner mutually acceptable to the Parent Borrower and the Administrative Agent).

 

“Reference
Period”: as defined in the definition of Consolidated EBITDA.

 

“Refinanced
Term Loans”: as defined in Section 9.2(c)(i).

 

“Register”:
as defined in Section 9.4(c).

 

“Reimbursement
Obligation”: the obligation of each relevant Borrower to reimburse the applicable Issuing Lender pursuant to Section
2.5 for amounts drawn under Letters of Credit.

 

“Reinvestment
Net Proceeds”: as defined in Section 2.12(c).

 

“Related Parties”:
with respect to any specified Person, such Person’s Affiliates and the respective directors, general or managing partners,
officers, employees, agents, trustees and advisors of such Person and such Person’s Affiliates, and “Related Party”
means any one of them.

 

“Release Date”:
as defined in Section 9.13(a).

 

“Relevant
Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially
endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York for the purpose of recommending a
benchmark rate to replace LIBOR in loan agreements similar to this Agreement.

 

“Replacement
Term Loans”: as defined in Section 9.2(c)(i).

 

“Required
Lenders”: at any time, Lenders holding in the aggregate more than 50% of the sum (without duplication) of (a) unfunded
Revolving Commitments, plus (b) unfunded Participation FCI Issuing Commitments, plus (c) unfunded Bilateral FCI Issuing
Commitments, plus (d) outstanding Loans (with the aggregate amount of each Lender’s participation in Swingline Loans
being deemed “held” by such Lender for purposes of this definition), plus (e) outstanding LC Exposure (with
the aggregate amount of each Lender’s participations in LC Exposure being deemed “held” by such Lender for purposes
of this definition), plus (f) outstanding FCI Exposure (with the aggregate amount of each Lender’s participations
in FCI Exposure being deemed “held” by such Lender for purposes of this definition); provided that the Commitments
of, and the portion of the aggregate outstanding amount of all Loans, LC Exposure and FCI Exposure held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders; provided, further,
that if any Event of Default shall have occurred and any determination needs to be made by the Required Lenders under Article VII
whether or not to terminate the Commitments or accelerate the maturity of the Loans and other Obligations of the Borrowers hereunder,
the Commitments of, and the portion of the aggregate outstanding amount of all Loans, LC Exposure and FCI Exposure held or deemed
held by, any Lender shall be excluded for purposes of making a determination of Required Lenders if such Lender notifies the Administrative
Agent and the Foreign Trade Facility Agent that in the good faith judgment of such Lender failing to so exclude such amounts for
such Lender would or might violate the German Foreign Trade Act (Außenwirtschaftsgesetz) or EU Regulation (EC) 2271/96.

 

“Requirements
of Law”: as to any Person, the certificate of incorporation and by-laws or other organizational or governing documents
of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority,
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.

 

    44

     

    

 

“Responsible
Officer”: the chief executive officer, president, chief financial officer, treasurer, assistant treasurer or controller
of a Loan Party, and, solely for purposes of the delivery of incumbency certificates, the secretary or any assistant secretary
of a Loan Party, and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the
applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer
or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative
Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed
to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible
Officer shall be conclusively presumed to have acted on behalf of such Loan Party.

 

“Restricted
Payment”: any dividend or other distribution (whether in cash, securities or other property) with respect to any Capital
Stock of the Parent Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including
any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination
of any Capital Stock of the Parent Borrower or any Restricted Subsidiary or any option, warrant or other right (other than convertible
or exchangeable debt securities) to acquire any such Capital Stock of the Parent Borrower or any Restricted Subsidiary.

 

“Restricted
Subsidiary”: a Subsidiary of the Parent Borrower that is not an Unrestricted Subsidiary.

 

“Revolving
Commitments”: the aggregate of the Domestic Revolving Commitments and the Global Revolving Commitments.

 

“S&P”:
Standard & Poor’s Financial Services, LLC, a subsidiary of S&P Global Inc., and any successor thereto.

 

“Sale/Leaseback
Transaction”: as defined in Section 6.7.

 

“Sanction(s)”:
any international economic sanction administered or enforced by the United States Government, including OFAC, the United Nations
Security Council, the European Union, Her Majesty’s Treasury (“HMT”), the German Government, the Canadian
Government or other relevant sanctions authority as applicable to the respective Lenders or Borrowers.

 

“Scheduled
Unavailability Date”: as defined in Section 1.10.

 

“Security
Documents”: the Guarantee and Collateral Agreement, each Acknowledgement and Consent, each Assumption Agreement and any
other security documents granting a Lien on any property of any Person to secure the obligations of any Loan Party under any Loan
Document.

 

“SOFR”:
with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York,
as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s website (or
any successor source) and, in each case, that has been selected or recommended by the Relevant Governmental Body.

 

“SOFR-Based
Rate”: SOFR or Term SOFR.

 

“Specified
Cash Management Agreement”: (a) any agreement providing for treasury, depositary or cash management services, including
deposit accounts, overnight draft, credit cards, debit cards, p-cards (including purchasing cards and commercial cards), funds
transfer, automated clearinghouse, zero

 

    45

     

    

 

balance accounts, returned check concentration,
controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services,
or any similar transactions, between the Parent Borrower or any Subsidiary and any Lender or Affiliate thereof (even if such Person
ceases to be a Lender or such Person’s Affiliate ceased to be a Lender), existing on the Effective Date and (b) any agreement
providing for treasury, depositary or cash management services, including deposit accounts, overnight draft, credit cards, debit
cards, p-cards (including purchasing cards and commercial cards), funds transfer, automated clearinghouse, zero balance accounts,
returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services
and other cash management services, or any similar transactions, between the Parent Borrower or any Subsidiary and any Lender or
Affiliate thereof (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender), in each case
which has been designated by the Parent Borrower, by notice to the Administrative Agent, as a “Specified Cash Management
Agreement”.

 

“Specified
Default”: an Event of Default pursuant to paragraph (a), (b), (f), (g), (h), (i),
(j), (l), (m), (o), (p) or (q) of Article VII.

 

“Specified
Indebtedness”: (a) any Indebtedness Incurred as permitted by Section 6.2(g)(ii), (h) or (k), and
(b) any secured Indebtedness Incurred as permitted by Section 6.2(j) or (q).

 

“Specified
Loan Party”: as defined in Section 9.18.

 

“Standard
Receivables Undertakings”: representations, warranties, covenants and indemnities entered into by the Parent Borrower
or any Restricted Subsidiary which are reasonably customary in sale, factoring or securitization of Receivables transactions.

 

“Sterling”:
the lawful currency of the United Kingdom.

 

“Subordinated
Debt”: any Indebtedness Incurred by the Parent Borrower as permitted by Section 6.2(b).

 

“Subordinated
Debt Documents”: all indentures, instruments, agreements and other documents evidencing or governing the Subordinated
Debt or providing for any Guarantee or other right in respect thereof.

 

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

 

“Subsidiary
Guarantor”: any Restricted Subsidiary that has guaranteed the Obligations pursuant to the Guarantee and Collateral Agreement.
For the avoidance of doubt, no Foreign Subsidiary, Subsidiary of a Foreign Subsidiary, or Receivables Entity shall be, or shall
be required to become, a Subsidiary Guarantor.

 

    46

     

    

 

“Supported
QFC”: as defined in Section 9.20.

 

“Swap Obligation”:
with respect to any Loan Party any obligation to pay or perform under any agreement, contract or transaction that constitutes a
“swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

 

“Swedish Krona”:
the lawful currency of Sweden.

 

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

 

“Swingline
Lender”: Bank of America, in its capacity as lender of Swingline Loans hereunder.

 

“Swingline
Loan”: a Loan made pursuant to Section 2.4.

 

“Swingline
Note”: as defined in Section 2.10(d)(iv).

 

“Swiss Franc”:
the lawful currency of Switzerland.

 

“TARGET Day”:
any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system (or, if such
payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable
replacement) is open for the settlement of payments in Euro.

 

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

 

“Tender Guarantee”:
a customary standby letter of credit or bank guarantee or surety issued by an FCI Issuing Lender (with respect to FCIs) or an Issuing
Lender (with respect to the Non-Financial Letters of Credit), in each case in favor of (actual or prospective) counterparties of
the Parent Borrower or any of its Restricted Subsidiaries or any of its Joint Ventures for the purpose of securing the obligations
assumed under any tender, for construction work or other services.

 

“Term A Note”:
as defined in Section 2.10(d)(iii).

 

“Term Loan
A”: as defined in Section 2.1(e).

 

“Term Loan
A Commitment”: as to each Lender party to this Agreement on the Third Amendment Effective Date, its portion of the Term
Loan A made to the Parent Borrower pursuant to Section 2.1(e), in the principal amount set forth opposite such Lender’s
name on Schedule 1.1A. The aggregate principal amount of the Term Loan A Commitments of all of the Lenders as in effect
on the Third Amendment Effective Date is TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000).

 

“Term Loan
A Lenders”: each Lender with an outstanding portion of the Term Loan A.

 

“Term Loan
A Maturity Date”: December 17, 2024; provided that if such date is not a Business Day, the Term Loan A Maturity
Date shall be the immediately preceding Business Day.

 

“Term Loans”:
collectively, the Term Loan A and the Incremental Term Loans.

 

    47

     

    

 

“Term SOFR”:
the forward-looking term rate for any period that is approximately (as determined by the Administrative Agent) as long as any of
the Interest Period options set forth in the definition of “Interest Period” and that is based on SOFR and that has
been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as selected
by the Administrative Agent from time to time in its reasonable discretion.

 

“Third Amendment
Effective Date”: December 17, 2019.

 

“Total Consolidated
Assets”: as at any date of determination, the total assets of the Parent Borrower and its consolidated Restricted Subsidiaries,
determined in accordance with GAAP, as of the last day of the fiscal quarter ended immediately prior to the date of such determination
for which financial statements have been (or are required pursuant to Section 5.1(a) or (b) to have been) delivered
to the Administrative Agent pursuant to Section 5.1(a) or (b).

 

“Total Domestic
Exposure”: at any time, the sum of the total Domestic Revolving Exposures.

 

“Total Foreign
Trade Exposure”: at any time, the sum of the total FCI Issuing Lender Exposures.

 

“Total Global
Exposure”: at any time, the sum of the total Global Revolving Exposures.

 

“Trade LC”:
a trade or commercial letter of credit.

 

“Transactions”:
the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of
Loans, the use of the proceeds thereof and the issuance of Letters of Credit and FCIs hereunder.

 

“Treaty”:
the Treaty establishing the European Economic Community, being the Treaty of Rome of March 25, 1957 as amended by the Single European
Act 1986 and the Maastricht Treaty (which was signed on February 7, 1992 and came into force on November 1, 1993) and as may from
time to time be further amended, supplemented or otherwise modified.

 

“Type”:
when used in reference to any Loan or Borrowing, refers to the rate by reference to which interest on such Loan, or on the Loans
comprising such Borrowing, is determined and the currency in which such Loan, or the Loans comprising such Borrowing, are denominated.
For purposes hereof, “rate” shall include the Adjusted Eurocurrency Rate, the Alternate Base Rate and the Alternate
Rate, and “currency” shall include Dollars and any Alternative Currency permitted hereunder.

 

“UCC”:
for any jurisdiction, the Uniform Commercial Code applicable in such jurisdiction.

 

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

 

“Unrestricted
Subsidiary”: a direct or indirect Subsidiary of the Parent Borrower designated as an Unrestricted Subsidiary pursuant
to Section 5.13 that has not been redesignated as a Restricted Subsidiary pursuant to Section 5.13; provided,
that, in no event may any Borrower or any Guarantor be designated as an Unrestricted Subsidiary. As of the Third Amendment Effective
Date, there are no Unrestricted Subsidiaries.

 

“U.S. Special
Resolution Regimes”: as defined in Section 9.20.

 

“Utilization
Date”: as defined in Section 2.6(g)(i).

 

    48

     

    

 

“Utilization
Reduction Notice”: as defined in Section 2.6(k)(i).

 

“Utilization
Request”: as defined in Section 2.6(c).

 

“Warranty
Guarantee”: a customary standby letter of credit or bank guarantee or surety issued by an FCI Issuing Lender (with respect
to FCIs) or an Issuing Lender (with respect to the Non-Financial Letters of Credit), in each case in favor of customers of the
Parent Borrower or any of its Restricted Subsidiaries or any of its Joint Ventures for the purpose of securing any warranty obligations
of the Parent Borrower or such Restricted Subsidiary.

 

“Wholly Owned
Subsidiary”: as to any Person, any other Person all of the Capital Stock of which (other than directors’, foreign
nationals’ and analogous qualifying shares required by law) is owned by such Person directly and/or through other Wholly
Owned Subsidiaries. Unless otherwise qualified, all references to a “Wholly Owned Subsidiary” or to “Wholly Owned
Subsidiaries” in this Agreement shall refer to a Wholly Owned Subsidiary or Wholly Owned Subsidiaries of the Parent Borrower.

 

“Wholly Owned
Subsidiary Guarantor”: any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Parent Borrower.

 

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

 

“Write-Down
and Conversion Powers”: with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA
Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule.

 

“Yen”:
the lawful currency of Japan.

 

Section 1.2             
Classification of Loans and Borrowings.

 

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

 

Section 1.3             
Terms Generally.

 

The definitions of
terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter
forms. The words “include”, “includes” and “including” shall be deemed to be followed by the
phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as
the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument
or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein),
(b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words
“herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer
to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to

 

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Articles, Sections, Exhibits and Schedules
shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (e) 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, (f) any reference to any law shall include all
statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law, rule
or regulation shall, unless otherwise specified, refer to such law, rule or regulation as amended, modified or supplemented from
time to time and (g) where applicable, any amount (including minimum borrowing, prepayment or repayment amounts) expressed in Dollars
shall, when referring to any currency other than Dollars, be deemed to mean an amount of such currency having a Dollar Equivalent
approximately equal to such amount. Any reference herein to a merger, transfer, consolidation, amalgamation, consolidation, assignment,
sale or disposition, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation
of assets to a series of a limited liability company (or the unwinding of such a division or allocation), as if it were a merger,
transfer, consolidation, amalgamation, consolidation, assignment, sale or disposition, or similar term, as applicable, to, of or
with a separate Person. Any division of a limited liability company shall constitute a separate Person hereunder (and each division
of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person).

 

Section 1.4             
Accounting Terms; GAAP.

 

Except as otherwise
expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect
from time to time; provided that if at any time after December 31, 2018 there shall occur any change in respect of GAAP
(including the adoption of IFRS) from that used in the preparation of audited financial statements referred to in Section 3.4(a)
in a manner that would have a material effect on any matter under Article VI, the Parent Borrower and the Administrative
Agent will, within five Business Days of notice from the Administrative Agent or the Parent Borrower, as the case may be, to that
effect, commence, and continue in good faith, negotiations with a view towards making appropriate amendments to the provisions
hereof acceptable to the Required Lenders, to reflect as nearly as possible the effect of Article VI as in effect on the
Third Amendment Effective Date; provided further that, until such notice shall have been withdrawn or the relevant provisions
amended in accordance herewith, Article VI shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective.

 

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Notwithstanding the
foregoing, (a) during the period from the date of any acquisition of any Person in accordance with the terms hereof through the
last day of the fiscal quarter of the Parent Borrower in which the acquisition of such Person is consummated only, at the election
of the Parent Borrower, all terms of an accounting or financial nature with respect to such Person and its Subsidiaries shall be
construed in accordance with the accounting standards applicable to such Person and its Subsidiaries, as in effect during such
time period, and (b) leases shall continue to be classified and accounted for on a basis consistent with that reflected in the
audited financial statements referred to in Section 3.4(a) for all purposes of this Agreement, notwithstanding any change
in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as
provided for above. Notwithstanding anything to the contrary set forth in this Agreement, (i) in connection with any Qualified
Acquisition Pro Forma Calculation, the maximum Consolidated Leverage Ratio that was permitted pursuant to Section 6.1(a)
for the most recent fiscal quarter ended for which the Parent Borrower was required to deliver financial statements pursuant to
Section 5.1(a) or (b) shall be deemed to be 4.00 to 1.0, in the case of a 4.00x Leverage Increase, and 4.25 to 1.0,
in the case of a 4.25 Leverage Increase, in each case solely for purposes of such Qualified Acquisition Pro Forma Calculation,
and (ii) with respect to determining the permissibility of the incurrence of any Indebtedness, the proceeds thereof shall not constitute
“unrestricted cash and cash equivalents” for purposes of determining Consolidated Total Debt.

 

Section 1.5             
Exchange Rates.

 

(a)               
The Administrative Agent or the applicable Issuing Lender, as applicable, shall determine the Exchange Rates as of each
Calculation Date to be used for calculating Dollar Equivalent amounts of credit extensions and outstanding amounts denominated
in Alternative Currencies. Such Exchange Rates shall become effective as of such Calculation Date and shall be the Exchanges Rates
employed in converting any amounts between the applicable currencies until the next Calculation Date to occur. Except for purposes
of financial statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise
provided herein, the applicable amount of any currency (other than for the purpose of converting into Dollars, under Sections
2.5(d), (e), (h), (j) and (k) and 2.14(b), the obligations of the Borrowers and the Domestic
Revolving Lenders in respect of Financial LC Disbursements that have not been reimbursed when due or the obligations of the Borrowers
and the Global Revolving Lenders in respect of Non-Financial LC Disbursements that have not been reimbursed when due) for purposes
of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the applicable Issuing
Lender, as applicable.

 

(b)               
Not later than 5:00 p.m. on each Calculation Date, the Administrative Agent shall (i) determine the Global Revolving Exposure,
the Alternative Currency Financial LC Exposure or the Alternative Currency Non-Financial LC Exposure, as the case may be, on such
date (after giving effect to any Global Revolving Loans to be made or any Alternative Currency Letters of Credit to be issued,
renewed, extended or terminated in connection with such determination) and (ii) notify the Parent Borrower and, if applicable,
each Issuing Lender of the results of such determination.

 

(c)               
Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurocurrency Loan
or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed
in Dollars, but such Borrowing, Eurocurrency Loan or Letter of Credit is denominated in an Alternative Currency, such amount shall
be the relevant Alternative Currency equivalent of such Dollar amount (rounded to the nearest unit of such Alternative Currency,
with 0.5 of a unit being rounded upward), as determined by the Administrative Agent or the applicable Issuing Lender, as the case
may be.

 

Section 1.6             
Currency Conversion.

 

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(a)               
If more than one currency or currency unit are at the same time recognized by the central bank of any country as the lawful
currency of that country, then (i) any reference in the Loan Documents to, and any obligations arising under the Loan Documents
in, the currency of that country shall be translated into or paid in the currency or currency unit of that country designated by
the Administrative Agent and (ii) any translation from one currency or currency unit to another shall be at the official rate of
exchange recognized by the central bank for conversion of that currency or currency unit into the other, rounded up or down by
the Administrative Agent or the Foreign Trade Facility Agent, as applicable, as it deems appropriate.

 

(b)               
If a change in any currency of a country occurs, this Agreement shall be amended (and each party hereto agrees to enter
into any supplemental agreement necessary to effect any such amendment) to the extent that the Administrative Agent specifies to
be necessary to reflect the change in currency and to put the Lenders in the same position, so far as possible, that they would
have been in if no change in currency had occurred.

 

Section 1.7             
Times of Day.

 

Unless otherwise specified,
all references herein to times of day shall be references to New York City time (daylight or standard, as applicable).

 

Section 1.8             
Face Amount.

 

Unless otherwise specified
herein, the Face Amount of a Letter of Credit or FCI at any time shall be deemed to be the stated amount of such Letter of Credit
or FCI in effect at such time; provided, however, that with respect to any Letter of Credit or FCI that, by its terms
or the terms of any form of letter of credit application or other agreement submitted by a Borrower to, or entered into by a Borrower
with, the applicable Issuing Lender or FCI Issuing Lender, as applicable, relating to such Letter of Credit or FCI, provides for
one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit or FCI shall be deemed to be
the maximum stated amount of such Letter of Credit or FCI after giving effect to all such increases, whether or not such maximum
stated amount is in effect at such time.

 

Section 1.9             
Additional Alternative Currencies.

 

(a)       The
Parent Borrower may from time to time request that Eurocurrency Loans be made, or Financial Letters of Credit be issued, in a currency
other than those specifically listed in the definition of “Alternative Currency”; provided that (x) such requested
currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars,
(y) in the case of any such request with respect to Eurocurrency Loans, such request shall be subject to the approval of (i) subject
to Section 2.21(b), each Lender with a Commitment under the Facility in which such currency is requested to be made available
and (ii) the Administrative Agent and (z) in the case of any such request with respect to the issuance of Financial Letters of
Credit, such request shall be subject to the approval of Bank of America, in its capacity as an Issuing Lender of Financial Letters
of Credit, and the Administrative Agent.

 

(b)       In
the case of any such request referenced in Section 1.9(a) pertaining to Eurocurrency Loans, any such request shall be made
to the Administrative Agent not later than 11:00 a.m., ten (10) Business Days prior to the date of the desired credit extensions
(or such other time or date as may be agreed by the Administrative Agent). Upon receipt of such request, the Administrative Agent
shall promptly notify each Lender that has a Commitment with respect to the applicable Facility. Each Lender that has a Commitment
with respect to such Facility shall notify the Administrative Agent, not later than

 

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11:00 a.m., five (5) Business Days after
receipt of such request, whether it consents, in its sole discretion, to the making of Eurocurrency Loans in such requested currency.
Any failure by a Lender to respond to such request within the time period specified in the preceding sentence shall be deemed to
be a refusal by such Lender to permit Eurocurrency Loans to be made in such requested currency. If the Administrative Agent and
all the Lenders that have a Commitment with respect to the applicable Facility consent to making Eurocurrency Loans in such requested
currency and the Administrative Agent and such Lenders reasonably determine that an appropriate interest rate is available to be
used for such requested currency, the Administrative Agent shall so notify the Parent Borrower and (i) the Administrative Agent
and such Lenders may amend the definition of Eurocurrency Rate for any Non-LIBOR Quoted Currency to the extent necessary to add
the applicable Eurocurrency Rate for such currency and (ii) to the extent the definition of Eurocurrency Rate reflects the appropriate
interest rate for such currency or has been amended to reflect the appropriate rate for such currency, such currency shall thereupon
be deemed for all purposes to be an Alternative Currency for purposes of any Borrowings of Eurocurrency Loans. If the Administrative
Agent shall fail to obtain consent to any request for an additional currency under this Section 1.9(b), the Administrative
Agent shall promptly so notify the Parent Borrower.

 

(c)       In
the case of any such request referenced in Section 1.9(a) pertaining to Financial Letters of Credit, any such request shall
be made to the Administrative Agent and Bank of America, in its capacity as an Issuing Lender of Financial Letters of Credit, not
later than 11:00 a.m., ten (10) Business Days prior to the date of the desired credit extensions (or such other time or date as
may be agreed by the Administrative Agent and Bank of America, in its capacity as an Issuing Lender of Financial Letters of Credit).
The Administrative Agent and Bank of America, in its capacity as an Issuing Lender of Financial Letters of Credit, shall notify
the Parent Borrower not later than 11:00 a.m., five (5) Business Days after receipt of such request, whether each such Person consents,
in its sole discretion, to the issuance of Financial Letters of Credit in such requested currency. Any failure by the Administrative
Agent or Bank of America, in its capacity as an Issuing Lender of Financial Letters of Credit, to respond to such request within
the time period specified in the preceding sentence shall be deemed to be a refusal by the Administrative Agent or Bank of America,
in its capacity as an Issuing Lender of Financial Letters of Credit, as the case may be, to permit Financial Letters of Credit
to be issued in such requested currency. If the Administrative Agent and Bank of America, in its capacity as an Issuing Lender
of Financial Letters of Credit, each consent to issuance of Financial Letters of Credit in such requested currency, the Administrative
Agent shall so notify the Parent Borrower and, thereafter, such currency shall thereupon be deemed for all purposes to be an Alternative
Currency for purposes of the issuance of Financial Letters of Credit.

 

Section 1.10          
LIBOR Successor Rate.

 

Notwithstanding anything
to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall
be conclusive and binding upon all parties hereto absent manifest error), or the Parent Borrower or Required Lenders notify the
Administrative Agent (with, in the case of the Required Lenders, a copy to Parent Borrower) that the Parent Borrower or Required
Lenders (as applicable) have determined (which determination likewise shall be conclusive and binding upon all parties hereto absent
manifest error), that: (a) adequate and reasonable means do not exist for ascertaining LIBOR for any requested Interest Period,
including because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to
be temporary; or (b) the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative
Agent has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made
available, or used for determining the interest rate of loans in the applicable currency; provided that, at the time of
such statement, there is no successor administrator that is satisfactory to the Administrative Agent that will continue to provide
LIBOR after such specific date (such specific date, the “Scheduled Unavailability Date”); or (c) syndicated
loans currently being

 

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executed, or that include language similar
to that contained in this Section, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest
rate to replace LIBOR; then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative
Agent of such notice, as applicable, the Administrative Agent and the Parent Borrower may amend this Agreement to replace LIBOR
with (x) one or more SOFR-Based Rates (with respect to Loans denominated in Dollars), or (y) another alternate benchmark rate giving
due consideration to any evolving or then-existing convention for similar syndicated credit facilities for such alternative benchmarks
and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or
then-existing convention for similar syndicated credit facilities for such benchmarks which adjustment or method for calculating
such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable
discretion and may be periodically updated (the “Adjustment;” and any such proposed rate, a “LIBOR
Successor Rate”), and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative
Agent shall have posted such proposed amendment to all Lenders and the Parent Borrower unless, prior to such time, Lenders comprising
the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders (A) in the case of an
amendment to replace LIBOR with a rate described in clause (x) above, object to the Adjustment, or (B) in the case of an amendment
to replace LIBOR with a rate described in clause (y) above, object to such amendment; provided that, for the avoidance of
doubt, in the case of clause (A) above, the Required Lenders shall not be entitled to object to any SOFR-Based Rate contained in
any such amendment. Such LIBOR Successor Rate shall be applied in a manner consistent with market practice; provided that,
to the extent such market practice is not administratively feasible for the Administrative Agent, such LIBOR Successor Rate shall
be applied in a manner as otherwise reasonably determined by the Administrative Agent.

 

If no LIBOR Successor
Rate has been determined and the circumstances under clause (a) above exist or the Scheduled Unavailability Date has occurred (as
applicable), the Administrative Agent will promptly so notify the Parent Borrower and each Lender. Thereafter, (i) the obligation
of the Lenders to make or maintain Eurocurrency Loans shall be suspended (to the extent of the affected Eurocurrency Loans or Interest
Periods), and (ii) the Eurocurrency Rate component shall no longer be utilized in determining the Alternate Base Rate. Upon receipt
of such notice, the Parent Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency
Loans (to the extent of the affected Eurocurrency Loans or Interest Periods) or, failing that, will be deemed to have converted
such request into a request for a borrowing of ABR Loans (subject to the foregoing clause (ii)) in the amount specified therein.

 

Notwithstanding anything
else herein, any definition of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be less than
zero for purposes of this Agreement.

 

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

 

Article
II

THE CREDITS

 

Section 2.1             
Commitments; Incremental Facilities.

 

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(a)               
Subject to the terms and conditions set forth herein, each relevant Lender agrees (i) to severally make Domestic Revolving
Loans in Dollars to the Parent Borrower from time to time during the Domestic Revolving Availability Period in an aggregate principal
amount that will not result in such Lender’s Domestic Revolving Exposure exceeding such Lender’s Domestic Revolving
Commitment and (ii) to severally make Global Revolving Loans in Dollars or Alternative Currencies (as specified in the Borrowing
Requests with respect thereto) to any Borrower from time to time during the Global Revolving Availability Period in an aggregate
principal amount that will not result in such Lender’s Global Revolving Exposure exceeding such Lender’s Global Revolving
Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, the Parent Borrower may borrow,
prepay and reborrow Domestic Revolving Loans, and any Borrower may borrow, prepay and reborrow Global Revolving Loans.

 

(b)               
The Parent Borrower and any one or more Lenders may from time to time agree that such Lenders (or any other additional bank,
financial institution or other entity which becomes a Lender pursuant to this Section 2.1(b)) shall add one or more term
loan facilities (the loans thereunder, the “Incremental Term Loans”) and/or increase the Commitments in respect
of any of the Facilities by executing and delivering to the Administrative Agent and, in the case of any increase in the Participation
FCI Commitments, the Foreign Trade Facility Agent, an Incremental Facility Activation Notice specifying (i) the amount of such
Incremental Term Loans and/or Commitment increase, and (ii) in the case of any Incremental Term Loans, (A) the applicable Incremental
Term Loan Maturity Date, (B) the amortization schedule for such Incremental Term Loans, which shall comply with Section 2.11(a),
(C) the Applicable Rate (and/or other pricing terms) for such Incremental Term Loans and (D) the requested currency (which may
be in Dollars or any Alternative Currency); provided that (1) the aggregate principal amount of borrowings of Incremental
Term Loans outstanding at any time and Commitment increases pursuant to this Section 2.1(b) in effect at any time, plus
the aggregate principal amount of all Incremental Equivalent Indebtedness outstanding at any time shall not exceed, as of any date
of determination, the Incremental Amount; (2) no Default or Event of Default shall be in existence or would be caused by the incurrence
of such Incremental Term Loans and/or establishment of such increase in the Commitments; and (3) after giving effect to incurrence
of any Incremental Term Loans and/or establishment of any increase in the Commitments on a pro forma basis (and assuming
for such purposes that such Incremental Term Loans are fully drawn and/or such Commitment increase is fully drawn), the Parent
Borrower would be in compliance with the financial covenants contained in Section 6.1 as of the last day of the fiscal quarter
of the Parent Borrower most recently ended for which the Parent Borrower has delivered financial statements pursuant to Section
5.1(a) or (b). If the Bilateral FCI Issuing Commitment is increased, subject to Section 2.6(u), the Parent Borrower
shall have the option of transferring existing FCIs from the Participation FCI Issuing Commitment to the Bilateral FCI Issuing
Commitment. In the case of any increase in the Commitments under any Facility (other than any Incremental Term Loan Facility),
the terms applicable to such increased Commitments and the Loans thereunder shall be the same as the terms applicable to the Facility
being so increased. In the case of any increase of the Domestic Revolving Facility or the Global Revolving Facility, any new Lender
added in connection with such increase must be reasonably acceptable to the Administrative Agent and the applicable Issuing Lenders
(but not the Domestic Revolving Lenders or Global Revolving Lenders, as applicable). In the case of any increase of the Foreign
Trade Facility, any new Lender added in connection with such increase must be reasonably acceptable to the Administrative Agent,
the Foreign Trade Facility Agent and the applicable FCI Issuing Lenders (but not the Lenders with Participation FCI Commitments).
No Lender shall have any obligation to participate in any Incremental Term Loan or other increase described in this paragraph unless
it agrees to do so in its sole discretion. Any additional bank, financial institution or other entity which, with the consent of
the Parent Borrower and the Administrative Agent, and, if applicable, the Foreign Trade Facility Agent (which consent shall not
be unreasonably withheld), elects to become a “Lender” under this Agreement in connection with the making of any Incremental
Term Loan or the making of any additional Commitment shall execute a New Lender Supplement, whereupon such bank,

 

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financial institution or other entity shall
become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the
benefits of this Agreement.

 

Notwithstanding anything
to the contrary in this Agreement, if the proceeds of any Incremental Term Loan are being used to finance a Limited Condition Acquisition,
and the Parent Borrower has obtained binding commitments of Incremental Term Lenders to fund such Incremental Term Loan (“Acquisition
Financing Commitments”), then the conditions to the funding and incurrence of such Incremental Term Loan shall be limited
as follows, if and to the extent such Incremental Term Lenders so agree with respect to their Acquisition Financing Commitments:
(a) the condition set forth in Section 4.3(a) shall apply only with respect to customary “specified representations”
approved by the Incremental Term Lenders providing the Acquisition Financing Commitments or if the circumstances giving rise to
the failure of such conditions also entitle the Parent Borrower or the applicable Restricted Subsidiaries to terminate its or their
obligations under the definitive agreement for such Limited Condition Acquisition (each, an “Acquisition Agreement”),
and (b) the reference in Section 4.3(b) to no Default or Event of Default shall mean the absence of a Default or Event of
Default at the date such Acquisition Agreement is executed and delivered and the absence of an Event of Default under paragraphs
(a), (b), (h), (i) or (j) of Article VII at the date the applicable Limited Condition Acquisition
is consummated (it being understood that this sentence shall not limit the conditions set forth in Section 4.3 with respect
to any proposed Borrowing or the issuance of any Letter of Credit or FCI in connection with such Permitted Acquisition or otherwise).
Additionally, in connection with the incurrence of any Incremental Term Loan or any Incremental Equivalent Indebtedness used to
finance all or any part of a Limited Condition Acquisition, the date for purposes of determining compliance with (i) clause (2)
in the first proviso of the preceding paragraph, (ii) clause (B) in the proviso to Section 6.2(t)(i), (iii) compliance with
the Ratio Incremental Amount, and (iv) clause (C) in the proviso to Section 6.2(t)(i), in each case, shall, at the Parent
Borrower’s option, be the date on which the Acquisition Agreement for such Limited Condition Acquisition is executed and
delivered; provided that: (A) with respect to the conditions set forth in clause (2) in the first proviso of the preceding
paragraph and clause (B) in the proviso to Section 6.2(t)(i), such conditions shall only be satisfied if there is also no
Event of Default under paragraphs (a), (b), (h), (i) or (j) of Article VII at the date
the applicable Limited Condition Acquisition is consummated; and (B) during the period commencing with the execution and delivery
of such Acquisition Agreement and ending on the earlier to occur of (1) the date of consummation of such Limited Condition Acquisition,
and (2) the date of abandonment by the Parent Borrower or the applicable Restricted Subsidiary of such Limited Condition Acquisition,
each calculation on a pro forma basis required hereunder shall demonstrate two calculations of each of the relevant covenants
set forth in Section 6.1, the first assuming that such Limited Condition Acquisition (and all transactions in connection
therewith, including the incurrence of any Incremental Term Loan, any Commitment increase or any Incremental Equivalent Indebtedness)
has been consummated and the second assuming that such transaction has been abandoned, and, for the avoidance of doubt, with respect
to any particular transaction for which pro forma compliance is required, each such calculation must demonstrate compliance on
a pro forma basis in order for such transaction to be permitted. Nothing in the foregoing constitutes a waiver of any Default
or Event of Default under this Agreement or of any rights or remedies of Lenders and the Administrative Agent under any provision
of the Loan Documents.

 

Notwithstanding anything
to the contrary in this Agreement, this Agreement may be amended to incorporate additional terms (including customary “MFN”
protections, soft call protection, and excess cash flow mandatory prepayments, in each case, that may be applicable with respect
to any proposed Incremental Term Loans (provided that to the extent an excess cash flow mandatory prepayment is required
in connection with the establishment of any Incremental Term Loans, such excess cash flow mandatory prepayment shall be applied
ratably to all Term Loans and to the principal repayment installments thereof on a pro rata basis)) or conditions (including any
additional conditions to the release of Collateral set forth in Section 9.13(a)) to the extent such terms or conditions
are required by the

 

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Lenders providing any Incremental Term
Loans, with any such amendment requiring only the approval of the Parent Borrower, any Foreign Subsidiary Borrowers, the other
Loan Parties, the Lenders providing such Incremental Term Loans, and the Administrative Agent.

 

(c)               
Extension Option for Domestic Revolving Commitments.

 

(i)                
The Parent Borrower may from time to time during the term of this Agreement, by written notice to the Administrative Agent
(any such notice being a “Domestic Revolving Extension Notice”), request that each Domestic Revolving Lender
extend (any such extension, a “Domestic Revolving Commitment Extension”) the then-existing Domestic Revolving
Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment to the extended maturity date
specified in such Domestic Revolving Extension Notice (any such extended maturity date, the “Extended Domestic Revolving
Maturity Date”). Each Domestic Revolving Extension Notice delivered in connection with any requested Domestic Revolving
Commitment Extension shall set forth the date on which such Domestic Revolving Commitment Extension is requested to become effective
(such date, the “Domestic Revolving Extension Date”), which date shall be not less than 30 Business Days nor
more than 60 Business Days after the date of the Domestic Revolving Extension Notice for such Domestic Revolving Commitment Extension.
The Administrative Agent shall promptly transmit any Domestic Revolving Extension Notice to each Domestic Revolving Lender. Each
Domestic Revolving Lender shall notify the Administrative Agent whether it wishes to extend the then-existing Domestic Revolving
Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment to the Extended Domestic Revolving
Maturity Date specified in the applicable Domestic Revolving Extension Notice for such Domestic Revolving Commitment Extension,
such notice to be provided by each Domestic Revolving Lender no later than 15 Business Days prior to the Domestic Revolving Extension
Date for such Domestic Revolving Commitment Extension (such date, the “Domestic Revolving Lender Extension Response Date”).
The Administrative Agent shall promptly notify the Parent Borrower of the identity of each Domestic Revolving Lender that has agreed
to extend the then-existing Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving
Commitment to the Extended Domestic Revolving Maturity Date specified in the applicable Domestic Revolving Extension Notice for
such Domestic Revolving Commitment Extension, and the amount of such Domestic Revolving Lender’s Domestic Revolving Commitment.
Any Domestic Revolving Lender which does not expressly notify the Administrative Agent on or before the Domestic Revolving Lender
Extension Response Date for such Domestic Revolving Commitment Extension that it wishes to so extend the then-existing Domestic
Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment shall be deemed to have
rejected the Parent Borrower’s request for such Domestic Revolving Commitment Extension. Effective as of the Domestic Revolving
Extension Date for such Domestic Revolving Commitment Extension, with respect to each Domestic Revolving Lender that has agreed
to extend the then-existing Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving
Commitment to the Extended Domestic Revolving Maturity Date specified in the Domestic Revolving Extension Notice for such Domestic
Revolving Commitment Extension, the then-existing Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s
Domestic Revolving Commitment shall be automatically and immediately so extended to the Extended Domestic Revolving Maturity Date
specified in the Domestic Revolving Extension Notice for such Domestic Revolving Commitment Extension so long as, as of the Domestic
Revolving Extension Date for such Domestic Revolving Commitment Extension, no Default or Event of Default exists or would result
after giving effect to such Domestic Revolving Commitment Extension. Notwithstanding anything contained in this Agreement to the
contrary, no Issuing Lender shall have any obligation to issue Letters of Credit beyond the Domestic

 

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Revolving Maturity Date in effect
as of the Third Amendment Effective Date, unless such Issuing Lender agrees in writing to issue Letters of Credit until any Extended
Domestic Revolving Maturity Date established after the Third Amendment Effective Date.

 

(ii)              
If the then-existing Domestic Revolving Maturity Date applicable to any Domestic Revolving Lender’s Domestic Revolving
Commitment shall have been extended in accordance with Section 2.1(c)(i), all references herein to the “Domestic Revolving
Maturity Date” applicable to such Domestic Revolving Lender’s Domestic Revolving Commitment shall be a reference to
the then-applicable Extended Domestic Revolving Maturity Date applicable to such Domestic Revolving Lender’s Domestic Revolving
Commitment. Notwithstanding anything to the contrary set forth in this Agreement (but subject to the last sentence of Section
2.1(c)(i) above), in connection with any Domestic Revolving Commitment Extension, the Parent Borrower and the Administrative
Agent may enter into an amendment to this Agreement and/or any other Loan Document (and the Lenders hereby authorize the Administrative
Agent to enter into, and the Lenders agree that this Agreement and the other Loan Documents shall be amended by, any such amendment)
to the extent the Administrative Agent deems necessary in order to (A) reflect the existence and terms of such Domestic Revolving
Commitment Extension, (B) make such other changes to this Agreement and the other Loan Documents consistent with the provisions
and intent of such Domestic Revolving Commitment Extension, and (C) effect such other amendments to this Agreement and the other
Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions
of this Section 2.1(c). The Administrative Agent shall promptly notify each Lender as to the effectiveness of any such amendment.

 

(iii)            
The Parent Borrower shall have the right, following any Domestic Revolving Lender Extension Response Date for any Domestic
Revolving Commitment Extension, but prior to the Domestic Revolving Extension Date applicable to such Domestic Revolving Commitment
Extension, to replace each Domestic Revolving Lender declining to participate in such Domestic Revolving Commitment Extension with
one or more Persons (A) reasonably satisfactory to the Parent Borrower and the Administrative Agent, and (B) satisfactory to the
Issuing Lenders in their sole discretion (each such Person, an “Additional Domestic Revolving Commitment Lender”),
as provided in Section 2.21(b). Each Additional Domestic Revolving Commitment Lender shall have entered into an Assignment
and Assumption or such other documentation satisfactory to the Administrative Agent pursuant to which such Additional Domestic
Revolving Commitment Lender shall, effective as of the Domestic Revolving Extension Date applicable to such Domestic Revolving
Commitment Extension, undertake a Domestic Revolving Commitment (and if any such Additional Domestic Revolving Commitment Lender
is already a Lender, its new Domestic Revolving Commitment shall be in addition to any other Commitment of such Lender on such
date).

 

(d)               
Extension Option for Global Revolving Commitments.

 

(i)                
The Parent Borrower may from time to time during the term of this Agreement, by written notice to the Administrative Agent
(any such notice being a “Global Revolving Extension Notice”), request that each Global Revolving Lender extend
(any such extension, a “Global Revolving Commitment Extension”) the then-existing Global Revolving Maturity
Date applicable to such Global Revolving Lender’s Global Revolving Commitment to the extended maturity date specified in
such Global Revolving Extension Notice (any such extended maturity date, the “Extended Global Revolving Maturity Date”).
Each Global Revolving Extension Notice delivered in connection with any requested Global Revolving Commitment Extension shall set
forth the date on which such Global Revolving Commitment Extension is requested to become

 

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effective (such date, the “Global
Revolving Extension Date”), which date shall be not less than 30 Business Days nor more than 60 Business Days after the
date of the Global Revolving Extension Notice for such Global Revolving Commitment Extension. The Administrative Agent shall promptly
transmit any Global Revolving Extension Notice to each Global Revolving Lender. Each Global Revolving Lender shall notify the Administrative
Agent whether it wishes to extend the then-existing Global Revolving Maturity Date applicable to such Global Revolving Lender’s
Global Revolving Commitment to the Extended Global Revolving Maturity Date specified in the applicable Global Revolving Extension
Notice for such Global Revolving Commitment Extension, such notice to be provided by each Global Revolving Lender no later than
15 Business Days prior to the Global Revolving Extension Date for such Global Revolving Commitment Extension (such date, the “Global
Revolving Lender Extension Response Date”). The Administrative Agent shall promptly notify the Parent Borrower of the
identity of each Global Revolving Lender that has agreed to extend the then-existing Global Revolving Maturity Date applicable
to such Global Revolving Lender’s Global Revolving Commitment to the Extended Global Revolving Maturity Date specified in
the applicable Global Revolving Extension Notice for such Global Revolving Commitment Extension, and the amount of such Global
Revolving Lender’s Global Revolving Commitment. Any Global Revolving Lender which does not expressly notify the Administrative
Agent on or before the Global Revolving Lender Extension Response Date for such Global Revolving Commitment Extension that it wishes
to so extend the then-existing Global Revolving Maturity Date applicable to such Global Revolving Lender’s Global Revolving
Commitment shall be deemed to have rejected the Parent Borrower’s request for such Global Revolving Commitment Extension.
Effective as of the Global Revolving Extension Date for such Global Revolving Commitment Extension, with respect to each Global
Revolving Lender that has agreed to extend the then-existing Global Revolving Maturity Date applicable to such Global Revolving
Lender’s Global Revolving Commitment to the Extended Global Revolving Maturity Date specified in the Global Revolving Extension
Notice for such Global Revolving Commitment Extension, the then-existing Global Revolving Maturity Date applicable to such Global
Revolving Lender’s Global Revolving Commitment shall be automatically and immediately so extended to the Extended Global
Revolving Maturity Date specified in the Global Revolving Extension Notice for such Global Revolving Commitment Extension so long
as, as of the Global Revolving Extension Date for such Global Revolving Commitment Extension, no Default or Event of Default exists
or would result after giving effect to such Global Revolving Commitment Extension. Notwithstanding anything contained in this Agreement
to the contrary, no Issuing Lender shall have any obligation to issue Letters of Credit beyond the Global Revolving Maturity Date
in effect as of the Third Amendment Effective Date, unless such Issuing Lender agrees in writing to issue Letters of Credit until
any Extended Global Revolving Maturity Date established after the Third Amendment Effective Date.

 

(ii)              
If the then-existing Global Revolving Maturity Date applicable to any Global Revolving Lender’s Global Revolving Commitment
shall have been extended in accordance with Section 2.1(d)(i), all references herein to the “Global Revolving Maturity
Date” applicable to such Global Revolving Lender’s Global Revolving Commitment shall be a reference to the then-applicable
Extended Global Revolving Maturity Date applicable to such Global Revolving Lender’s Global Revolving Commitment. Notwithstanding
anything to the contrary set forth in this Agreement (but subject to the last sentence of Section 2.1(d)(i) above), in connection
with any Global Revolving Commitment Extension, the Parent Borrower and the Administrative Agent may enter into an amendment to
this Agreement and/or any other Loan Document (and the Lenders hereby authorize the Administrative Agent to enter into, and the
Lenders agree that this Agreement and the other Loan Documents shall be amended by, any such amendment) to the extent the Administrative
Agent deems necessary in order to (A) reflect the existence and terms of such Global Revolving Commitment Extension, (B) make such
other changes to this

 

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Agreement and the other Loan
Documents consistent with the provisions and intent of such Global Revolving Commitment Extension, and (C) effect such other amendments
to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative
Agent, to effect the provisions of this Section 2.1(d). The Administrative Agent shall promptly notify each Lender as to
the effectiveness of any such amendment.

 

(iii)            
The Parent Borrower shall have the right, following any Global Revolving Lender Extension Response Date for any Global Revolving
Commitment Extension, but prior to the Global Revolving Extension Date applicable to such Global Revolving Commitment Extension,
to replace each Global Revolving Lender declining to participate in such Global Revolving Commitment Extension with one or more
Persons (A) reasonably satisfactory to the Parent Borrower and the Administrative Agent, and (B) satisfactory to the Issuing Lenders
in their sole discretion (each such Person, an “Additional Global Revolving Commitment Lender”), as provided
in Section 2.21(b). Each Additional Global Revolving Commitment Lender shall have entered into an Assignment and Assumption
or such other documentation satisfactory to the Administrative Agent pursuant to which such Additional Global Revolving Commitment
Lender shall, effective as of the Global Revolving Extension Date applicable to such Global Revolving Commitment Extension, undertake
a Global Revolving Commitment (and if any such Additional Global Revolving Commitment Lender is already a Lender, its new Global
Revolving Commitment shall be in addition to any other Commitment of such Lender on such date).

 

(e)               
Term Loan A. Subject to the terms and conditions set forth herein, each Term Loan A Lender shall make its portion
of a term loan (the “Term Loan A”) to the Parent Borrower in Dollars on the Third Amendment Effective Date in
an amount equal to such Term Loan A Lender’s Term Loan A Commitment. Each Term Loan A Lender shall make its portion of the
Term Loan A to the Parent Borrower by (a) continuing all or any of its portion of such Term Loan A Lender’s portion of the
term loan A outstanding under this Agreement immediately prior to the Third Amendment Effective Date, and/or (ii) advancing additional
amounts constituting all or any portion of such Term Loan A Lender’s portion of the Term Loan A on the Third Amendment Effective
Date. Amounts repaid on the Term Loan A may not be reborrowed. The Term Loan A may consist of ABR Loans or Eurocurrency Loans or
a combination thereof, as further provided herein.

 

Section 2.2             
Loans and Borrowings.

 

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

 

(b)               
Subject to Section 2.16, (i) each Borrowing of Domestic Revolving Loans, the Term Loan A and each Incremental Term
Loan denominated in Dollars shall consist entirely of ABR Loans or Eurocurrency Loans as the relevant Borrower may request in accordance
herewith, (ii) each Borrowing of Global Revolving Loans shall consist entirely of Eurocurrency Loans and (iii) each Swingline Loan
shall be an ABR Loan. Each Lender at its option may make any Loan to any Borrower by causing any domestic or foreign branch or
Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of
the relevant Borrower to repay such Loan in accordance with the terms of this Agreement.

 

(c)               
At the commencement of each Interest Period for any Eurocurrency Borrowing, such Borrowing shall be in an aggregate amount
that is an integral multiple of $1,000,000 and not less than

 

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$10,000,000. At the time that each ABR
Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not
less than $5,000,000; provided that (i) a Borrowing of ABR Domestic Revolving Loans may be in an aggregate amount that is
equal to the entire unused balance of the total Domestic Revolving Commitments or that is required to finance the reimbursement
of a Financial LC Disbursement as contemplated by Section 2.5(e)(i) and (ii) a Borrowing of ABR Global Revolving Loans may
be in an aggregate amount that is equal to the entire unused balance of the total Global Revolving Commitments or that is required
to finance the reimbursement of a Non-Financial LC Disbursement as contemplated by Section 2.5(e)(ii). Each Swingline Loan
shall be in an amount that is an integral multiple of $500,000 and not less than $500,000. No more than 10 Eurocurrency Borrowings
may be outstanding at any one time under each Facility.

 

(d)               
Notwithstanding any other provision of this Agreement, a Borrower shall not be entitled to request, or to elect to convert
or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Domestic Revolving Maturity
Date, the Global Revolving Maturity Date, the Term Loan A Maturity Date or the applicable Incremental Term Loan Maturity Date,
as applicable.

 

(e)               
Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all or the portion
of its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of
this Agreement, pursuant to a cashless settlement mechanism approved by the Parent Borrower, the Administrative Agent and such
Lender.

 

Section 2.3             
Requests for Borrowings.

 

To request a Borrowing
(other than a continuation or conversion, which is governed by Section 2.8) of Domestic Revolving Loans, Global Revolving
Loans or Incremental Term Loans, the relevant Borrower shall notify the Administrative Agent of such request by telephone (a) in
the case of a Eurocurrency Borrowing denominated in Dollars, not later than 11:00 a.m. three Business Days before the date of the
proposed Borrowing, (b) in the case of a Eurocurrency Borrowing denominated in an Alternative Currency, not later than 11:00 a.m.
time four Business Days before the date of the proposed Borrowing or (c) in the case of an ABR Borrowing, not later than 11:00
a.m. on the Business Day of the proposed Borrowing; provided that (i) any such notice of a Borrowing of ABR Domestic Revolving
Loans to finance the reimbursement of a Financial LC Disbursement as contemplated by Section 2.5(e)(i) may be given not
later than 10:00 a.m. on the date of the proposed Borrowing, (ii) any such notice of a Borrowing of ABR Global Revolving Loans
to finance the reimbursement of a Non-Financial LC Disbursement as contemplated by Section 2.5(e)(ii) may be given not later
than 10:00 a.m. on the date of the proposed Borrowing, and (iii) if the applicable Borrower wishes to request Eurocurrency Loans
having an Interest Period other than one, two, three or six months in duration as provided in the definition of “Interest
Period,” (A) the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. four Business Days
(or five Business Days, in the case of a Eurocurrency Borrowing denominated in an Alternative Currency) prior to the requested
date of such Borrowing, (B) the Administrative Agent shall give prompt notice to the appropriate Lenders of such request and determine
whether the requested Interest Period is acceptable to all of them, and (C) not later than 11:00 a.m. three Business Days before
the requested date of such Borrowing, the Administrative Agent shall notify the applicable Borrower (which notice may be by telephone)
whether or not the requested Interest Period has been consented to by all the applicable Lenders. Each such telephonic Borrowing
Request shall be irrevocable and shall be confirmed promptly by delivery to the Administrative Agent of a written Borrowing Request
in a form approved by the Administrative Agent and (x) signed by the Parent Borrower or (y) in the case of Borrowings by a Foreign
Subsidiary Borrower, signed by the Parent Borrower or such Foreign Subsidiary Borrower, as specified by the Parent Borrower by
prior written notice to the Administrative Agent. Each such telephonic and written Borrowing Request shall specify the following
information in compliance with Section 2.2: (1) the applicable Borrower requesting such

 

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Borrowing (and be signed on behalf of such
Borrower); (2) the Class and Type of the requested Borrowing; (3) the aggregate amount of such Borrowing; (4) the date of such
Borrowing, which shall be a Business Day; (5) in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable
thereto; (6) the location and number of the relevant Borrower’s account to which funds are to be disbursed, which shall comply
with the requirements of Section 2.7; and (7) the currency of such Borrowing (which shall be in Dollars in the case of any
Incremental Term Loans, Domestic Revolving Loans and Swingline Loans, and otherwise shall be in Dollars or an Alternative Currency).
If no election as to the currency of a Borrowing of Global Revolving Loans is specified in any such notice, then the requested
Borrowing shall be denominated in Dollars. If no election as to the Type of Borrowing is specified, then the requested Borrowing
shall be an ABR Borrowing if denominated in Dollars or a Eurocurrency Borrowing if denominated in an Alternative Currency. If no
Interest Period is specified with respect to any requested Eurocurrency Borrowing, then the relevant Borrower shall be deemed to
have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance
with this Section, the Administrative Agent shall advise each relevant Lender of the details thereof and of the amount of such
Lender’s Loan to be made as part of the requested Borrowing.

 

Section 2.4             
Swingline Loans.

 

(a)               
Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Parent
Borrower in Dollars from time to time during the Domestic Revolving Availability Period, in an aggregate principal amount at any
time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $40,000,000
or (ii) the sum of the total Domestic Revolving Exposures exceeding the total Domestic Revolving Commitments; provided that
the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing
limits and subject to the terms and conditions set forth herein, the Parent Borrower may borrow, prepay and reborrow Swingline
Loans.

 

(b)               
To request a Swingline Loan, notwithstanding anything herein to the contrary, the Parent Borrower shall notify the Administrative
Agent of such request by telephone (confirmed in writing in a form approved by the Administrative Agent (including any form on
an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed
and signed by a Responsible Officer of the Parent Borrower), not later than 12:00 noon on the day of a proposed Swingline Loan.
Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and amount of the requested
Swingline Loan. The Administrative Agent will promptly advise the Swingline Lender of any such notice received from the Parent
Borrower. The Swingline Lender shall make each Swingline Loan available to the Parent Borrower by wiring the amount to the account
designated by the Parent Borrower in the request for such Swingline Loan (or, in the case of a Swingline Loan made to finance the
reimbursement of a Financial LC Disbursement as provided in Section 2.5(e)(i), by remittance to the applicable Issuing Lender)
by 3:00 p.m. on the requested date of such Swingline Loan.

 

(c)               
The Swingline Lender may by written notice given to the Administrative Agent not later than 12:00 noon on any Business Day
require the Domestic Revolving Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans
outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Domestic Revolving Lenders will participate.
Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Domestic Revolving Lender, specifying
in such notice such Lender’s Applicable Domestic Revolving Percentage of such Swingline Loans. Each Domestic Revolving Lender
hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for
the account of the Swingline Lender, such Lender’s Applicable Domestic Revolving Percentage of such Swingline Loans.

 

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Each Domestic Revolving Lender acknowledges
and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional
and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or Event of Default
or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding
or reduction whatsoever. Each Domestic Revolving Lender shall comply with its obligation under this paragraph by wire transfer
of immediately available funds, in the same manner as provided in Section 2.7 with respect to Loans made by such Lender
(and Section 2.7 shall apply, mutatis mutandis, to the payment obligations of the Domestic Revolving Lenders), and
the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Domestic Revolving Lenders.
The Administrative Agent shall notify the Parent Borrower of any participations in any Swingline Loan acquired pursuant to this
paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline
Lender. Any amounts received by the Swingline Lender from the Parent Borrower (or other party on behalf of the Parent Borrower)
in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall
be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted
by the Administrative Agent to the Domestic Revolving Lenders that shall have made their payments pursuant to this paragraph and
to the Swingline Lender, as their interests may appear. The purchase of participations in a Swingline Loan pursuant to this paragraph
shall not relieve the Parent Borrower of its obligation to repay such Swingline Loan.

 

Section 2.5             
Letters of Credit.

 

(a)               
General.

 

(i)                
Subject to the terms and conditions set forth herein, the Parent Borrower may request the issuance of Financial Letters
of Credit for its own account, in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Lender, at
any time and from time to time during the Domestic Revolving Availability Period; provided that (A) after giving effect
to the issuance of any Financial Letter of Credit, the amount of all Financial LC Exposure shall not exceed $200,000,000, (B) the
Total Domestic Exposure shall not exceed the total Domestic Revolving Commitments, and (C) notwithstanding anything to the contrary
set forth herein, Financial Letters of Credit that are Alternative Currency Letters of Credit may only be issued by Bank of America,
in its capacity as an Issuing Lender. Notwithstanding the foregoing, the account party for each Financial Letter of Credit shall
be the Parent Borrower or the relevant Foreign Subsidiary Borrower or Restricted Subsidiary or Joint Venture, as specified by the
Administrative Agent and the applicable Issuing Lender in consultation with the Parent Borrower. In the event of any inconsistency
between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or
other agreement submitted by the Parent Borrower to, or entered into by the Parent Borrower with, the applicable Issuing Lender
relating to any Financial Letter of Credit, the terms and conditions of this Agreement shall control. As specified on Schedule
1.1E, certain Existing Letters of Credit shall be deemed to be “Financial Letters of Credit” for all purposes of
this Agreement and the other Loan Documents, and the Parent Borrower shall be obligated to reimburse the applicable Issuing Lender
hereunder for any drawings under such Financial Letters of Credit. Furthermore, if (v) any letter of credit has been previously
issued by an Issuing Lender, (w) the reimbursement obligations of the account party (the “Original Financial Letter of
Credit Account Party”) relating to such letter of credit have been or are assumed in writing by the Parent Borrower or
any Restricted Subsidiary (such assuming Person, the “Financial Letter of Credit Assuming Person”) pursuant
to a Permitted Acquisition or other transaction permitted under this Agreement, (x) there is sufficient availability hereunder
for the inclusion of such letter of credit as a Financial Letter of Credit

 

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hereunder, (y) such letter of
credit satisfies all of the requirements of a Financial Letter of Credit hereunder, and (z) the conditions of Sections 4.3(a)
and 4.3(b) are satisfied, then upon the written request (which written request shall include a statement that the foregoing
requirements set forth in clauses (v) through (z), inclusive, have been satisfied) of the Parent Borrower to such Issuing Lender
(consented to in writing by such Issuing Lender) and the submission by the Parent Borrower to the Administrative Agent of a copy
of such request bearing such consent, such letter of credit shall be (from the date of such consent of such Issuing Lender) deemed
a Financial Letter of Credit for all purposes of this Agreement and the other Loan Documents and considered issued hereunder pursuant
to the terms hereof (the terms hereof and of the other Loan Documents shall govern and prevail in the case of any conflict with
the provisions of the agreement(s) pursuant to which such letter of credit had been issued (such agreement(s), the “Original
Financial Letter of Credit Agreements”), and such Issuing Lender shall be deemed to have released the Original Financial
Letter of Credit Account Party and the Financial Letter of Credit Assuming Person from the Original Financial Letter of Credit
Agreements to the extent of such conflict). Notwithstanding that any such assumed letter of credit is in support of any obligations
of, or is for the account of, a Restricted Subsidiary or Joint Venture, the Parent Borrower agrees that it shall be obligated to
reimburse the applicable Issuing Lender hereunder for any and all drawings under such letter of credit.

 

(ii)              
Subject to the terms and conditions set forth herein, any Borrower may request the issuance of Non-Financial Letters of
Credit for its own account, in a form reasonably acceptable to the Foreign Trade Facility Agent and the applicable Issuing Lender,
at any time and from time to time during the Global Revolving Availability Period; provided, that, after giving effect to
the issuance of any Non-Financial Letter of Credit, (A) the amount of all Non-Financial LC Exposure shall not exceed $50,000,000,
and (B) the Total Global Exposure shall not exceed the total Global Revolving Commitments. Notwithstanding the foregoing, the account
party for each Non-Financial Letter of Credit shall be the Parent Borrower or the relevant Foreign Subsidiary Borrower or Restricted
Subsidiary or Joint Venture, as specified by the Foreign Trade Facility Agent and the applicable Issuing Lender in consultation
with the Parent Borrower. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and
conditions of any form of letter of credit application or other agreement submitted by a Borrower to, or entered into by a Borrower
with, the applicable Issuing Lender relating to any Non-Financial Letter of Credit, the terms and conditions of this Agreement
shall control. As specified on Schedule 1.1E, certain Existing Letters of Credit shall be deemed to be “Non-Financial
Letters of Credit” for all purposes of this Agreement and the other Loan Documents, and the Parent Borrower shall be obligated
to reimburse the applicable Issuing Lender hereunder for any drawings under such Non-Financial Letters of Credit. Furthermore,
if (v) any letter of credit has been previously issued by an Issuing Lender, (w) the reimbursement obligations of the account party
(the “Original Non-Financial Letter of Credit Account Party”) relating to such letter of credit have been or
are assumed in writing by the Parent Borrower or any Restricted Subsidiary (such assuming Person, the “Non-Financial Letter
of Credit Assuming Person”) pursuant to a Permitted Acquisition or other transaction permitted under this Agreement,
(x) there is sufficient availability hereunder for the inclusion of such letter of credit as a Non-Financial Letter of Credit hereunder,
(y) such letter of credit satisfies all of the requirements of a Non-Financial Letter of Credit hereunder, and (z) the conditions
of Sections 4.3(a) and 4.3(b) are satisfied, then upon the written request (which written request shall include a
statement that the foregoing requirements set forth in clauses (v) through (z), inclusive, have been satisfied) of the Parent Borrower
to such Issuing Lender (consented to in writing by such Issuing Lender) and the submission by the Parent Borrower to the Foreign
Trade Facility Agent of a copy of such request bearing such consent, such letter of credit shall be (from the date of such consent
of such Issuing Lender) deemed a Non-Financial Letter of Credit for all purposes of this Agreement and the other Loan Documents

 

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and considered issued hereunder
pursuant to the terms hereof (the terms hereof and of the other Loan Documents shall govern and prevail in the case of any conflict
with the provisions of the agreement(s) pursuant to which such letter of credit had been issued (such agreement(s), the “Original
Non-Financial Letter of Credit Agreements”), and such Issuing Lender shall be deemed to have released the Original Non-Financial
Letter of Credit Account Party and the Non-Financial Letter of Credit Assuming Person from the Original Non-Financial Letter of
Credit Agreements to the extent of such conflict). Notwithstanding that any such assumed letter of credit is in support of any
obligations of, or is for the account of, a Restricted Subsidiary or Joint Venture, the Parent Borrower agrees that it shall be
obligated to reimburse the applicable Issuing Lender hereunder for any and all drawings under such letter of credit.

 

(b)               
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions.

 

(i)                
To request the issuance of a Financial Letter of Credit (or the amendment, renewal or extension of an outstanding Financial
Letter of Credit), the Parent Borrower shall deliver to the applicable Issuing Lender and the Administrative Agent (reasonably
in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Financial
Letter of Credit, or identifying the Financial Letter of Credit to be amended, renewed or extended, and specifying the date of
issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Financial Letter of Credit is
to expire (which shall comply with paragraph (c) of this Section), the amount of such Financial Letter of Credit, the currency
in which such Financial Letter of Credit is to be denominated (which shall be Dollars or, subject to Section 2.22, an Alternative
Currency), the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend,
renew or extend such Financial Letter of Credit. If requested by the applicable Issuing Lender, the Parent Borrower also shall
submit a letter of credit application on such Issuing Lender’s standard form in connection with any request for a Financial
Letter of Credit. Following receipt of such notice and prior to the issuance of the requested Financial Letter of Credit, the Administrative
Agent shall calculate the Dollar Equivalent of such Financial Letter of Credit and shall notify the Parent Borrower and the applicable
Issuing Lender of the amount of the Total Domestic Exposure after giving effect to (i) the issuance of such Financial Letter of
Credit, (ii) the issuance or expiration of any other Financial Letter of Credit that is to be issued or will expire prior to the
requested date of issuance of such Financial Letter of Credit and (iii) the borrowing or repayment of any Domestic Revolving Loans
or Swingline Loans that (based upon notices delivered to the Administrative Agent by the Parent Borrower) are to be borrowed or
repaid prior to the requested date of issuance of such Financial Letter of Credit. A Financial Letter of Credit shall be issued,
amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Financial Letter of Credit the
Parent Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension
(A) the amount of all Financial LC Exposure shall not exceed $200,000,000 and (B) the Total Domestic Exposure shall not exceed
the total Domestic Revolving Commitments. No Issuing Lender shall be under any obligation to issue any Financial Letter of Credit
if any Domestic Revolving Lender is at that time a Defaulting Lender, unless such Issuing Lender has entered into arrangements,
including the delivery of cash collateral or other credit support to the Administrative Agent, satisfactory to such Issuing Lender
(in its reasonable discretion) with the Parent Borrower or such Lender to eliminate such Issuing Lender’s actual or potential
Fronting Exposure (after giving effect to Section 2.24(a)(iv)) with respect to the Defaulting Lender arising from either
the Financial Letter of Credit then proposed to be issued or that Financial Letter of Credit and all other Financial LC Exposure
as to which such Issuing Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion.

 

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If the Parent
Borrower so requests, the applicable Issuing Lender may, in its sole discretion, agree to issue a Financial Letter of Credit that
has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such
Auto-Extension Letter of Credit must permit the applicable Issuing Lender to prevent any such extension at least once in each twelve
(12) month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof
not later than a day (the “Non-Extension Notice Date”) in each such twelve (12) month period to be agreed upon
at the time such Letter of Credit is issued. Unless otherwise directed by the applicable Issuing Lender, the Parent Borrower shall
not be required to make a specific request to the applicable Issuing Lender for any such extension. Once an Auto-Extension Letter
of Credit has been issued, the Domestic Revolving Lenders shall be deemed to have authorized (but may not require) the applicable
Issuing Lender to permit the extension of such Letter of Credit at any time to an expiry date not later than the date that is five
Business Days prior to the Domestic Revolving Maturity Date; provided, however, that the applicable Issuing Lender
shall not permit any such extension if (A) the applicable Issuing Lender has determined that it would not be permitted, or would
have no obligation at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof, or (B)
it has received notice (which may be by telephone or in writing) on or before the day that is seven (7) Business Days before the
Non-Extension Notice Date (1) from the Administrative Agent that the Lenders holding a majority of the Domestic Revolving Loans
have elected not to permit such extension or (2) from the Administrative Agent, any Domestic Revolving Lender or the Parent Borrower
that one or more of the applicable conditions specified in Section 4.3 is not then satisfied, and in each such case directing
the applicable Issuing Lender not to permit such extension.

 

(ii)              
Any request for the issuance, amendment, renewal or extension of a Non-Financial Letter of Credit and the processing of
Utilization Requests with respect thereto and the expiration, cancellation, reduction or reversal thereof shall be subject to the
same terms, conditions and provisions of Section 2.6, including as to the use of Permitted Currencies rather than Alternative
Currencies, except instead of relating to the processing of Utilization Requests or the issuance, amendment, renewal, extension,
expiration, cancellation, reduction or reversal of a Participation FCI, they shall relate to the issuance, amendment, renewal or
extension of a Non-Financial Letter of Credit, and the terms, conditions and provisions of Section 2.6 shall apply mutatis
mutandis to the request for the issuance, amendment, renewal or extension of a Non-Financial Letter of Credit and the processing
of Utilization Requests with respect thereto and the expiration, cancellation, reduction or reversal thereof; provided that
notwithstanding anything to the contrary in this Agreement, the applicable Issuing Lender shall have discretion whether or not
to require that any Non-Financial Letter of Credit comply with the Mandatory Requirements or the Dispensable Requirements.

 

(c)               
Expiration Date.

 

(i)                
Each Financial Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year
after the date of the issuance of such Financial Letter of Credit (or, in the case of any renewal or extension thereof, one year
after such renewal or extension) and (ii) the date that is five Business Days prior to the Domestic Revolving Maturity Date. Notwithstanding
the foregoing sentence, as specified on Schedule 1.1E, certain Long Term Letters of Credit shall be deemed to be “Financial
Letters of Credit” for all purposes of this Agreement and the other Loan Documents. The Parent Borrower agrees that on the
earlier of the Domestic Revolving Maturity Date or other termination of this Agreement the Parent Borrower shall either (A) cause
each such Long Term Letter of Credit that is deemed to be a Financial Letter of Credit to be surrendered for cancellation to the
Parent Borrower, (B) provide Letter of

 

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Credit Cash Cover or (C) provide
a back to back letter of credit on reasonably acceptable terms and conditions from a financial institution approved by the applicable
Issuing Lender (such approval not to be unreasonably withheld in accordance with such Issuing Lender’s existing banking practice
consistently applied) or other credit support reasonably satisfactory to the Administrative Agent in an amount equal to at least
103% of the Face Amount of each such Long Term Letter of Credit that is deemed to be a Financial Letter of Credit. Upon notice
to the Administrative Agent of the termination, reduction or expiration (without any pending drawing) of any such Long Term Letter
of Credit that is deemed to be a Financial Letter of Credit, the Administrative Agent shall release the whole or relevant part
of the Letter of Credit Cash Cover (or other relevant credit support) within three Business Days of the relevant date of termination,
reduction or expiration, and the Administrative Agent shall use the Letter of Credit Cash Cover (or other relevant credit support)
to promptly reimburse the applicable Issuing Lender honoring any Long Term Letter of Credit that is deemed to be a Financial Letter
of Credit. If the Parent Borrower is obliged to provide for Letter of Credit Cash Cover pursuant to the preceding provisions, the
Parent Borrower shall pay the relevant amount for which it shall provide Letter of Credit Cash Cover in Dollars to an account of
the Administrative Agent, in the name of the Parent Borrower, to be maintained for the benefit of the applicable Issuing Lender
(such deposited amount, the “Letter of Credit Cash Cover”). Such account shall be an interest bearing account
(subject to the preceding provisions with the amount of interest to be determined by the Administrative Agent in accordance with
its standard business practice) in the name of the Parent Borrower and such account shall be pledged to the Administrative Agent
on the basis of a pledge agreement in form and substance reasonably satisfactory to the Administrative Agent and the Parent Borrower.
For the avoidance of doubt, the parties hereto agree that the obligation of the Domestic Revolving Lenders hereunder to reimburse
the applicable Issuing Lender for any unreimbursed Financial LC Disbursements with respect to any Long Term Letter of Credit that
is deemed to be a Financial Letter of Credit shall terminate on the Domestic Revolving Maturity Date with respect to any drawings
occurring after that date.

 

(ii)              
Each Non-Financial Letter of Credit shall expire at or prior to the close of business on the date that is five Business
Days prior to the Global Revolving Maturity Date. Notwithstanding the foregoing sentence, as specified on Schedule 1.1E,
certain Long Term Letters of Credit shall be deemed to be “Non-Financial Letters of Credit” for all purposes of this
Agreement and the other Loan Documents. The Parent Borrower agrees that on the earlier of the Global Revolving Maturity Date or
other termination of this Agreement the Parent Borrower shall either (A) cause each such Long Term Letter of Credit that is deemed
to be a Non-Financial Letter of Credit to be surrendered for cancellation to the Parent Borrower, (B) provide Letter of Credit
Cash Cover to the applicable Issuing Lender or (C) provide a back to back letter of credit on reasonably acceptable terms and conditions
from a financial institution approved by the applicable Issuing Lender (such approval not to be unreasonably withheld in accordance
with such Issuing Lender’s existing banking practice consistently applied) or other credit support reasonably satisfactory
to the applicable Issuing Lender in an amount equal to at least 103% of the Face Amount of each such Long Term Letter of Credit
that is deemed to be a Non-Financial Letter of Credit. Upon notice to the applicable Issuing Lender of any termination, reduction
or expiration (without any pending drawing) of any such Long Term Letter of Credit that is deemed to be a Non-Financial Letter
of Credit, the applicable Issuing Lender shall release the whole or relevant part of the Letter of Credit Cash Cover (or other
relevant credit support) within three Business Days of the relevant date of termination, reduction or expiration, and the applicable
Issuing Lender shall use the Letter of Credit Cash Cover (or other relevant credit support) to promptly reimburse the honoring
any Long Term Letter of Credit that is deemed to be a Non-Financial Letter of Credit. If the Parent Borrower is obliged to provide
for Letter of Credit Cash Cover pursuant to the preceding provisions, the Parent Borrower shall pay the relevant amount

 

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for which it shall provide Letter
of Credit Cash Cover in Dollars to an account of the applicable Issuing Lender and in the name of the Parent Borrower. Such account
shall be a non-interest bearing account (unless the applicable Issuing Lender in its discretion agrees otherwise with the Parent
Borrower in a writing setting forth the terms of any interest) in the name of the Parent Borrower and such account shall be pledged
to the applicable Issuing Lender on the basis of a pledge agreement in form and substance reasonably satisfactory to the applicable
Issuing Lender and the Parent Borrower. For the avoidance of doubt, the parties hereto agree that the obligation of the Global
Revolving Lenders hereunder to reimburse the applicable Issuing Lender for any unreimbursed Non-Financial LC Disbursements with
respect to any Long Term Letter of Credit that is deemed to be a Non-Financial Letter of Credit shall terminate on the Global Revolving
Maturity Date with respect to any drawings occurring after that date.

 

(d)               
Participations.

 

(i)                
By the issuance of a Financial Letter of Credit (or an amendment to a Financial Letter of Credit increasing the amount thereof)
and without any further action on the part of the applicable Issuing Lender or the Lenders, the applicable Issuing Lender shall
be deemed to have granted, automatically, to each Domestic Revolving Lender, and each Domestic Revolving Lender shall be deemed
to have acquired, automatically, from such Issuing Lender, a participation in such Financial Letter of Credit equal to such Lender’s
Applicable Domestic Revolving Percentage of the aggregate amount available to be drawn under such Financial Letter of Credit. In
consideration and in furtherance of the foregoing, each Domestic Revolving Lender hereby absolutely and unconditionally agrees
to pay to the Administrative Agent in Dollars, for the account of such Issuing Lender, such Lender’s Applicable Domestic
Revolving Percentage of (A) each Financial LC Disbursement made by such Issuing Lender in Dollars and (B) the Dollar Equivalent,
using the Exchange Rates on the date such payment is required, of each Financial LC Disbursement made by such Issuing Lender in
an Alternative Currency and, in each case, not reimbursed by the Parent Borrower on the date due as provided in paragraph (e)(i)
of this Section, or of any reimbursement payment required to be refunded to the Parent Borrower for any reason (or, if such reimbursement
payment was refunded in an Alternative Currency, the Dollar Equivalent thereof using the Exchange Rates on the date of such refund).
Each Domestic Revolving Lender acknowledges and agrees that its obligations pursuant to this paragraph in respect of Financial
Letters of Credit are absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment,
renewal or extension of any Financial Letter of Credit or the occurrence and continuance of a Default or Event of Default or reduction
or termination of the Domestic Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding
or reduction whatsoever.

 

(ii)              
By the issuance of a Non-Financial Letter of Credit (or an amendment to a Non-Financial Letter of Credit increasing the
amount thereof) and without any further action on the part of the applicable Issuing Lender or the Lenders, the applicable Issuing
Lender shall be deemed to have granted, automatically, to each Global Revolving Lender, and each Global Revolving Lender shall
be deemed to have acquired, automatically, from such Issuing Lender, a participation in such Non-Financial Letter of Credit equal
to such Lender’s Applicable Global Revolving Percentage of the aggregate amount available to be drawn under such Non-Financial
Letter of Credit. In consideration and in furtherance of the foregoing, each Global Revolving Lender hereby absolutely and unconditionally
agrees to pay to the Foreign Trade Facility Agent in Dollars, for the account of such Issuing Lender, such Lender’s Applicable
Global Revolving Percentage of (A) each Non-Financial LC Disbursement made by such Issuing Lender in Dollars and (B) the Dollar
Equivalent, using the Exchange Rates on the date such payment is required, of each Non-Financial LC Disbursement made by such Issuing
Lender in an Alternative Currency

 

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and, in each case, not reimbursed
by the relevant Borrower on the date due as provided in paragraph (e)(ii) of this Section, or of any reimbursement payment
required to be refunded to such Borrower for any reason (or, if such reimbursement payment was refunded in an Alternative Currency,
the Dollar Equivalent thereof using the Exchange Rates on the date of such refund). Each Global Revolving Lender acknowledges and
agrees that its obligations pursuant to this paragraph in respect of Non-Financial Letters of Credit are absolute and unconditional
and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Non-Financial Letter
of Credit or the occurrence and continuance of a Default or Event of Default or reduction or termination of the Global Revolving
Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

 

(e)               
Reimbursement.

 

(i)                
If the applicable Issuing Lender shall make any Financial LC Disbursement in respect of a Financial Letter of Credit, the
Parent Borrower shall reimburse such Financial LC Disbursement by paying to the Administrative Agent an amount equal to such Financial
LC Disbursement plus any interim interest incurred pursuant to paragraph (h)(i) of this Section for (x) Financial LC Disbursements
made in Dollars, in Dollars, or (y) Financial LC Disbursements made in an Alternative Currency, in an amount equal to the Dollar
Equivalent, calculated using the applicable Exchange Rate on the date such Financial LC Disbursement is made, of such Financial
LC Disbursement, in each case, not later than 12:00 noon, New York City time or the Applicable Time, as applicable, on the date
that such Financial LC Disbursement is made, if the Parent Borrower shall have received notice of such Financial LC Disbursement
prior to 10:00 a.m., New York City time or the Applicable Time, as applicable, on such date, or, if such notice has not been received
by the Parent Borrower prior to such time on such date, then not later than 12:00 noon, New York City time or the Applicable Time,
as applicable, on the Business Day immediately following the day that the Parent Borrower receives such notice; provided
that, in the case of any Financial LC Disbursement made in Dollars, the Parent Borrower may, subject to the conditions to borrowing
set forth herein, request in accordance with Section 2.3 or 2.4 that such payment be financed in Dollars with a Borrowing
of ABR Domestic Revolving Loans or a Swingline Loan in an equivalent amount and, to the extent so financed, the Parent Borrower’s
obligation to make such payment shall be discharged and replaced by the resulting Borrowing of ABR Domestic Revolving Loans or
Swingline Loan. If the Parent Borrower fails to make such payment when due, then (A) if such payment relates to an Alternative
Currency Letter of Credit, automatically and with no further action required, the Parent Borrower’s obligation to reimburse
the applicable Financial LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Equivalent,
calculated using the Exchange Rates on the date when such payment was due, of such Financial LC Disbursement and (B) the Administrative
Agent shall promptly notify the applicable Issuing Lender and each other Domestic Revolving Lender of the applicable Financial
LC Disbursement, the Dollar Equivalent thereof (if such Financial LC Disbursement relates to an Alternative Currency Letter of
Credit), the payment then due from the Parent Borrower in respect thereof and such Lender’s Applicable Domestic Revolving
Percentage thereof. Promptly following receipt of such notice, each Domestic Revolving Lender shall pay to the Administrative Agent
in Dollars its Applicable Domestic Revolving Percentage of the payment then due from the Parent Borrower (determined as provided
in clause (A) above, if such payment relates to an Alternative Currency Letter of Credit), in the same manner as provided in Section
2.7 with respect to Loans made by such Lender (and Section 2.7 shall apply, mutatis mutandis, to the payment
obligations of the Domestic Revolving Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Lender
in Dollars the amounts so received by it from the Domestic Revolving Lenders. Promptly following receipt by the Administrative
Agent of any payment from the Parent Borrower pursuant to this paragraph, the

 

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Administrative Agent shall distribute
such payment to the applicable Issuing Lender or, to the extent that Domestic Revolving Lenders have made payments pursuant to
this paragraph to reimburse such Issuing Lender, then to such Lenders and such Issuing Lender as their interests may appear. Any
payment made by a Domestic Revolving Lender pursuant to this paragraph to reimburse any Issuing Lender for any Financial LC Disbursement
(other than the funding of ABR Domestic Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan
and shall not relieve the Parent Borrower of its obligation to reimburse such Financial LC Disbursement.

 

(ii)              
If the applicable Issuing Lender shall make any Non-Financial LC Disbursement in respect of a Non-Financial Letter of Credit,
the relevant Borrower shall reimburse such Non-Financial LC Disbursement by paying to the Foreign Trade Facility Agent an amount
equal to such Non-Financial LC Disbursement plus any interim interest incurred pursuant to paragraph (h)(ii) of this Section
for (x) Non-Financial LC Disbursements made in Dollars, in Dollars, or (y) Non-Financial LC Disbursements made in an Alternative
Currency, in an amount equal to the Dollar Equivalent, calculated using the applicable Exchange Rate on the date such Non-Financial
LC Disbursement is made, of such Non-Financial LC Disbursement, in each case, not later than 12:00 noon, New York City time or
the Applicable Time, as applicable, on the date that such Non-Financial LC Disbursement is made, if such Borrower shall have received
notice of such Non-Financial LC Disbursement prior to 10:00 a.m., New York City time or the Applicable Time, as applicable, on
such date, or, if such notice has not been received by such Borrower prior to such time on such date, then not later than 12:00
noon, New York City time or the Applicable Time, as applicable, on the Business Day immediately following the day that such Borrower
receives such notice; provided that, in the case of any Non-Financial LC Disbursement made in Dollars, the relevant Borrower
may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.3 or 2.4 that
such payment be financed in Dollars with a Borrowing of ABR Global Revolving Loans in an equivalent amount and, to the extent so
financed, such Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Borrowing of
ABR Global Revolving Loans. If the relevant Borrower fails to make such payment when due, then (A) if such payment relates to an
Alternative Currency Letter of Credit, automatically and with no further action required, such Borrower’s obligation to reimburse
the applicable Non-Financial LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Equivalent,
calculated using the Exchange Rates on the date when such payment was due, of such Non-Financial LC Disbursement and (B) the Foreign
Trade Facility Agent shall promptly notify the applicable Issuing Lender and each other Global Revolving Lender of the applicable
Non-Financial LC Disbursement, the Dollar Equivalent thereof (if such Non-Financial LC Disbursement relates to an Alternative Currency
Letter of Credit), the payment then due from such Borrower in respect thereof and such Lender’s Applicable Global Revolving
Percentage thereof. Promptly following receipt of such notice, each Global Revolving Lender shall pay to the Foreign Trade Facility
Agent in Dollars its Applicable Global Revolving Percentage of the payment then due from the relevant Borrower (determined as provided
in clause (A) above, if such payment relates to an Alternative Currency Letter of Credit), in the same manner as provided in Section
2.7 with respect to Loans made by such Lender (and Section 2.7 shall apply, mutatis mutandis, to the payment
obligations of the Global Revolving Lenders), and the Foreign Trade Facility Agent shall promptly pay to the applicable Issuing
Lender in Dollars the amounts so received by it from the Global Revolving Lenders. Promptly following receipt by the Foreign Trade
Facility Agent of any payment from any Borrower pursuant to this paragraph, the Foreign Trade Facility Agent shall distribute such
payment to the applicable Issuing Lender or, to the extent that Global Revolving Lenders have made payments pursuant to this paragraph
to reimburse such Issuing Lender, then to such Lenders and such Issuing Lender as their interests may appear. Any payment made
by a Global

 

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Revolving Lender pursuant to
this paragraph to reimburse any Issuing Lender for any Non-Financial LC Disbursement (other than the funding of ABR Global Revolving
Loans as contemplated above) shall not constitute a Loan and shall not relieve any Borrower of its obligation to reimburse such
Non-Financial LC Disbursement.

 

(f)                
Obligations Absolute.

 

(i)                
The Parent Borrower’s obligation to reimburse Financial LC Disbursements as provided in paragraph (e)(i) of
this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of
this Agreement under any and all circumstances whatsoever and irrespective of (A) any lack of validity or enforceability of any
Financial Letter of Credit, any application for the issuance of a Financial Letter of Credit or this Agreement, or any term or
provision therein, (B) any draft or other document presented under a Financial Letter of Credit proving to be forged, fraudulent
or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (C) payment by the applicable Issuing
Lender under a Financial Letter of Credit against presentation of a draft or other document that does not comply with the terms
of such Financial Letter of Credit, (D) any adverse change in the relevant exchange rates or in the availability of the relevant
Alternative Currency to the Parent Borrower or any Foreign Subsidiary Borrower in the relevant currency markets generally or (E)
any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions
of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, such Borrower’s obligations
hereunder. Neither the Administrative Agent, the Lenders nor any Issuing Lender, nor any of their Related Parties, shall have any
liability or responsibility by reason of or in connection with the issuance or transfer of any Financial Letter of Credit or any
payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence),
or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under
or relating to any Financial Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation
of technical terms or any consequence arising from causes beyond the control of the applicable Issuing Lender; provided
that neither of the foregoing sentences shall be construed to excuse such Issuing Lender from liability to the Parent Borrower
to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by each
Borrower to the extent permitted by applicable law) suffered by the Parent Borrower that are caused by such Issuing Lender’s
gross negligence, willful misconduct or failure to exercise care (each as determined in a final and non-appealable judgment of
a court of competent jurisdiction) when determining whether drafts and other documents presented under a Financial Letter of Credit
comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct
on the part of an Issuing Lender (each as determined in a final and non-appealable judgment of a court of competent jurisdiction),
such Issuing Lender shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without
limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in
substantial compliance with the terms of a Financial Letter of Credit, an Issuing Lender may, in its sole discretion, either accept
and make payment upon such documents without responsibility for further investigation, regardless of any notice or information
to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the
terms of such Financial Letter of Credit.

 

(ii)              
A Borrower’s obligation to reimburse Non-Financial LC Disbursements as provided in paragraph (e)(ii) of this
Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this
Agreement under any and all

 

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circumstances whatsoever and
irrespective of (A) any lack of validity or enforceability of any Non-Financial Letter of Credit, any application for the issuance
of a Non-Financial Letter of Credit or this Agreement, or any term or provision therein, (B) any draft or other document presented
under a Non-Financial Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being
untrue or inaccurate in any respect, (C) payment by the applicable Issuing Lender under a Non-Financial Letter of Credit against
presentation of a draft or other document that does not comply with the terms of such Non-Financial Letter of Credit, (D) any adverse
change in the relevant exchange rates or in the availability of the relevant Alternative Currency to the Parent Borrower or any
Foreign Subsidiary Borrower in the relevant currency markets generally or (E) any other event or circumstance whatsoever, whether
or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge
of, or provide a right of setoff against, such Borrower’s obligations hereunder. Neither the Foreign Trade Facility Agent,
the Lenders nor any Issuing Lender, nor any of their Related Parties, shall have any liability or responsibility by reason of or
in connection with the issuance or transfer of any Non-Financial Letter of Credit or any payment or failure to make any payment
thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption,
loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Non-Financial Letter
of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any
consequence arising from causes beyond the control of the applicable Issuing Lender; provided that neither of the foregoing
sentences shall be construed to excuse such Issuing Lender from liability to a Borrower to the extent of any direct damages (as
opposed to consequential damages, claims in respect of which are hereby waived by each Borrower to the extent permitted by applicable
law) suffered by such Borrower that are caused by such Issuing Lender’s gross negligence, willful misconduct or failure to
exercise care (each as determined in a final and non-appealable judgment of a court of competent jurisdiction) when determining
whether drafts and other documents presented under a Non-Financial Letter of Credit comply with the terms thereof. The parties
hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Lender (each as
determined in a final and non-appealable judgment of a court of competent jurisdiction), such Issuing Lender shall be deemed to
have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the
parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms
of a Non-Financial Letter of Credit, an Issuing Lender may, in its sole discretion, either accept and make payment upon such documents
without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept
and make payment upon such documents if such documents are not in strict compliance with the terms of such Non-Financial Letter
of Credit.

 

(g)               
Disbursement Procedures.

 

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

 

(ii)              
The applicable Issuing Lender shall, promptly following its receipt thereof, examine all documents purporting to represent
a demand for payment under a Non-Financial

 

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Letter of Credit. Such Issuing
Lender shall promptly (and before any payment is made in respect thereof) notify the relevant Borrower and the Agents accordingly,
including whether such Issuing Lender has made or will make a Non-Financial LC Disbursement thereunder; provided that any
failure to give or delay in giving such notice shall not relieve the relevant Borrower of its obligation to reimburse such Issuing
Lender and the Global Revolving Lenders with respect to any such Non-Financial LC Disbursement.

 

(h)               
Interim Interest.

 

(i)                
If an Issuing Lender shall make any Financial LC Disbursement, then, unless the Parent Borrower shall reimburse such Financial
LC Disbursement in full on the date such Financial LC Disbursement is made, the unpaid amount thereof shall bear interest, for
each day from and including the date such Financial LC Disbursement is made to but excluding the date that the Parent Borrower
reimburses such Financial LC Disbursement, at the rate per annum then applicable to ABR Domestic Revolving Loans; provided
that, if the Parent Borrower fails to reimburse such Financial LC Disbursement (including any interim interest incurred in connection
with such Financial LC Disbursement pursuant to this paragraph) when due pursuant to paragraph (e)(i) of this Section, then
Section 2.15(c) shall apply; provided further that, in the case of a Financial LC Disbursement made under an Alternative
Currency Letter of Credit, the amount of interest due with respect thereto shall (A) in the case of any Financial LC Disbursement
that is reimbursed on or before the Business Day immediately succeeding such Financial LC Disbursement, (1) be payable in an amount
equal to the Dollar Equivalent, calculated using the applicable Exchange Rate on the date such Financial LC Disbursement is made,
of such Financial LC Disbursement and (2) if not reimbursed on the date of such Financial LC Disbursement, bear interest at a rate
equal to the rate reasonably determined by Bank of America, in its capacity as the applicable Issuing Lender, to be the cost to
such Issuing Lender of funding such Financial LC Disbursement plus the Applicable Rate applicable to Eurocurrency Domestic Revolving
Loans at such time and (B) in the case of any Financial LC Disbursement that is reimbursed after the Business Day immediately succeeding
such Financial LC Disbursement (1) be payable in Dollars, (2) accrue on the Dollar Equivalent, calculated using the Exchange Rates
on the date such Financial LC Disbursement was made, of such Financial LC Disbursement and (3) bear interest at the rate per annum
then applicable to ABR Domestic Revolving Loans, subject to Section 2.15(c). Interest accrued pursuant to this paragraph
shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any
Domestic Revolving Lender pursuant to paragraph (e)(i) of this Section to reimburse such Issuing Lender shall be for the
account of such Lender to the extent of such payment.

 

(ii)              
If an Issuing Lender shall make any Non-Financial LC Disbursement, then, unless the relevant Borrower shall reimburse such
Non-Financial LC Disbursement in full on the date such Non-Financial LC Disbursement is made, the unpaid amount thereof shall bear
interest, for each day from and including the date such Non-Financial LC Disbursement is made to but excluding the date that such
Borrower reimburses such Non-Financial LC Disbursement, at the rate per annum then applicable to ABR Global Revolving Loans; provided
that, if such Borrower fails to reimburse such Non-Financial LC Disbursement (including any interim interest incurred in connection
with such Non-Financial LC Disbursement pursuant to this paragraph) when due pursuant to paragraph (e)(ii) of this Section,
then Section 2.15(c) shall apply; provided further that, in the case of a Non-Financial LC Disbursement made under
an Alternative Currency Letter of Credit, the amount of interest due with respect thereto shall (A) in the case of any Non-Financial
LC Disbursement that is reimbursed on or before the Business Day immediately succeeding such Non-Financial LC Disbursement, (1)
be payable in an amount equal to the Dollar Equivalent, calculated using the applicable Exchange Rate on the date such Non-Financial

 

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LC Disbursement is made, of such
Non-Financial LC Disbursement and (2) if not reimbursed on the date of such Non-Financial LC Disbursement, bear interest at a rate
equal to the rate reasonably determined by the applicable Issuing Lender to be the cost to such Issuing Lender of funding such
Non-Financial LC Disbursement plus the Applicable Rate applicable to Eurocurrency Global Revolving Loans at such time and (B) in
the case of any Non-Financial LC Disbursement that is reimbursed after the Business Day immediately succeeding such Non-Financial
LC Disbursement (1) be payable in Dollars, (2) accrue on the Dollar Equivalent, calculated using the Exchange Rates on the date
such Non-Financial LC Disbursement was made, of such Non-Financial LC Disbursement and (3) bear interest at the rate per annum
then applicable to ABR Global Revolving Loans, subject to Section 2.15(c). Interest accrued pursuant to this paragraph shall
be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Global
Revolving Lender pursuant to paragraph (e)(ii) of this Section to reimburse such Issuing Lender shall be for the account of such
Lender to the extent of such payment.

 

(i)                
Replacement of any Issuing Lender.

 

(i)                
Any Issuing Lender of Financial Letters of Credit may be replaced at any time by written agreement among the Parent Borrower,
the Administrative Agent, the replaced Issuing Lender and the successor Issuing Lender. The Administrative Agent shall notify the
Domestic Revolving Lenders of any such replacement of such Issuing Lender. At the time any such replacement shall become effective,
the Parent Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Lender pursuant to Section 2.14(b)(i).
From and after the effective date of any such replacement, (A) the successor Issuing Lender shall have all the rights and obligations
of such Issuing Lender under this Agreement with respect to Financial Letters of Credit to be issued thereafter and (B) references
herein to the term “Issuing Lender” shall be deemed to refer to such successor or to any previous Issuing Lender, or
to such successor and all previous Issuing Lenders, as the context shall require. After the replacement of an Issuing Lender hereunder,
the replaced Issuing Lender shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing
Lender under this Agreement with respect to Financial Letters of Credit issued by it prior to such replacement, but shall not be
required to issue additional Financial Letters of Credit.

 

(ii)              
Any Issuing Lender of Non-Financial Letters of Credit may be replaced at any time by written agreement among the Parent
Borrower, the Foreign Trade Facility Agent, the replaced Issuing Lender and the successor Issuing Lender. The Foreign Trade Facility
Agent shall notify the Global Revolving Lenders of any such replacement of such Issuing Lender. At the time any such replacement
shall become effective, the Parent Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Lender pursuant
to Section 2.14(b)(ii). From and after the effective date of any such replacement, (A) the successor Issuing Lender shall
have all the rights and obligations of such Issuing Lender under this Agreement with respect to Non-Financial Letters of Credit
to be issued thereafter and (B) references herein to the term “Issuing Lender” shall be deemed to refer to such successor
or to any previous Issuing Lender, or to such successor and all previous Issuing Lenders, as the context shall require. After the
replacement of an Issuing Lender hereunder, the replaced Issuing Lender shall remain a party hereto and shall continue to have
all the rights and obligations of an Issuing Lender under this Agreement with respect to Non-Financial Letters of Credit issued
by it prior to such replacement, but shall not be required to issue additional Non-Financial Letters of Credit.

 

(j)                
Cash Collateralization.

 

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(i)                
If any Event of Default shall occur and be continuing, on the Business Day that the Parent Borrower receives notice from the Administrative
Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Domestic Revolving Lenders with Financial
LC Exposure representing at least a majority of the total Financial LC Exposure) demanding the deposit of cash collateral pursuant
to this paragraph, the Parent Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative
Agent and for the benefit of the Domestic Revolving Lenders, an amount in Dollars and in cash equal to the Financial LC Exposure
of the Parent Borrower as of such date plus any accrued and unpaid interest thereon; provided that (A) the portions of
such amount attributable to undrawn Alternative Currency Letters of Credit or Financial LC Disbursements in an Alternative Currency
that the Borrowers are not late in reimbursing shall be deposited in the applicable Alternative Currencies in the actual amounts
of such undrawn Financial Letters of Credit and Financial LC Disbursements and (B) the obligation to deposit such cash collateral
shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice
of any kind, upon the occurrence of any Event of Default with respect to the Parent Borrower described in paragraph (h)
or (i) of Article VII. For the purposes of this paragraph, the Alternative Currency Financial LC Exposure shall
be calculated using the Exchange Rates on the date notice demanding cash collateralization is delivered to the Parent Borrower.
The Parent Borrower also shall deposit cash collateral pursuant to this paragraph as and to the extent required by Section
2.12(c). Each such deposit pursuant to this paragraph or pursuant to Section 2.12(c) shall be held by the Administrative
Agent as collateral for the payment and performance of the obligations of the Parent Borrower under this Agreement. The Administrative
Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any
interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative
Agent and at the Parent Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any,
on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse
the applicable Issuing Lender for Financial LC Disbursements for which it has not been reimbursed and, to the extent not so applied,
shall be held for the satisfaction of the reimbursement obligations of the Parent Borrower for the Financial LC Exposure at such
time or, if the maturity of the Loans has been accelerated (but subject to the consent of Domestic Revolving Lenders with Financial
LC Exposure representing at least a majority of the total Financial LC Exposure), be applied to satisfy other obligations of the
Parent Borrower under this Agreement. If the Parent Borrower is required to provide an amount of cash collateral hereunder as
a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the
Parent Borrower within three Business Days after all Events of Default have been cured or waived. If the Parent Borrower is required
to provide an amount of cash collateral hereunder pursuant to Section 2.12(c), such amount (to the extent not applied as
aforesaid) shall be returned to the Parent Borrower as and to the extent that, after giving effect to such return, the Parent
Borrower would remain in compliance with Section 2.12(c), and no Event of Default shall have occurred and be continuing.
Furthermore, if any Financial Letter of Credit is outstanding on the date that the Parent Borrower terminates the Domestic Revolving
Commitments pursuant to Section 2.9(b), the Parent Borrower shall, on the date of such termination, either (1) cause any
such Financial Letter of Credit to be surrendered for cancellation to the applicable Issuing Lender, (2) provide cash collateral
pursuant to the terms of this paragraph (or other credit support reasonably satisfactory) to the Administrative Agent for the
benefit of such Issuing Lender in an amount equal to at least 103% of the Face Amount of such Financial Letter of Credit pursuant
to documentation in form and substance reasonably satisfactory to the Administrative Agent or (3) provide a backup letter of credit
on reasonably acceptable terms and conditions to such Issuing Lender in an amount equal to at least 103% of the Face Amount of
such Financial Letter of Credit from a financial institution approved by such

 

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Issuing Lender (such approval
not to be unreasonably withheld or delayed in accordance with such Issuing Lender’s existing banking practice consistently
applied). The Parent Borrower hereby grants to the Administrative Agent a security interest in all such cash collateral and all
proceeds thereof. Such cash collateral shall be maintained in a blocked interest-bearing deposit account at Bank of America. Upon
notice to the Administrative Agent of the termination, reduction or expiration (without a pending drawing) of any such Financial
Letter of Credit, the Administrative Agent shall release the relevant cash collateral within three Business Days of the relevant
date of termination, reduction or expiration, and the Administrative Agent shall use such cash collateral to promptly reimburse
any Issuing Lender honoring any drawing under any such Financial Letter of Credit. Notwithstanding the foregoing, no Foreign Subsidiary
Borrower shall be required to deposit cash in support of any obligation of any other Borrower and no collateral or other credit
support provided by any Foreign Subsidiary Borrower shall serve as security for any obligation of any other Borrower.

 

(ii)              
If any Event of Default shall occur and be continuing, on the Business Day that a Borrower receives notice from the Administrative
Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Global Revolving Lenders with Non-Financial
LC Exposure representing at least a majority of the total Non-Financial LC Exposure) demanding the deposit of cash collateral pursuant
to this paragraph, such Borrower shall deposit in an account with the Foreign Trade Facility Agent, in the name of the Foreign
Trade Facility Agent and for the benefit of the Global Revolving Lenders, an amount in Dollars and in cash equal to the Non-Financial
LC Exposure of such Borrower as of such date plus any accrued and unpaid interest thereon; provided that (A) the portions
of such amount attributable to undrawn Alternative Currency Letters of Credit or Non-Financial LC Disbursements in an Alternative
Currency that the Borrowers are not late in reimbursing shall be deposited in the applicable Alternative Currencies in the actual
amounts of such undrawn Non-Financial Letters of Credit and Non-Financial LC Disbursements and (B) the obligation to deposit such
cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or
other notice of any kind, upon the occurrence of any Event of Default with respect to the Parent Borrower described in paragraph
(h) or (i) of Article VII. For the purposes of this paragraph, the Alternative Currency Non-Financial LC Exposure
shall be calculated using the Exchange Rates on the date notice demanding cash collateralization is delivered to a Borrower. Each
Borrower also shall deposit cash collateral pursuant to this paragraph as and to the extent required by Section 2.12(c).
Each such deposit pursuant to this paragraph or pursuant to Section 2.12(c) shall be held by the Foreign Trade Facility
Agent as collateral for the payment and performance of the obligations of the applicable Borrower under this Agreement. The Foreign
Trade Facility Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account.
Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion
of the Foreign Trade Facility Agent and at the relevant Borrower’s risk and expense, such deposits shall not bear interest.
Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the
Foreign Trade Facility Agent to reimburse the applicable Issuing Lender for Non-Financial LC Disbursements for which it has not
been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the relevant
Borrower for the Non-Financial LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the
consent of Global Revolving Lenders with Non-Financial LC Exposure representing at least a majority of the total Non-Financial
LC Exposure), be applied to satisfy other obligations of such Borrower under this Agreement. If a Borrower is required to provide
an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied
as aforesaid) shall be returned to such Borrower within three Business Days after all Events of

 

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Default have been cured or waived.
If a Borrower is required to provide an amount of cash collateral hereunder pursuant to Section 2.12(c), such amount (to
the extent not applied as aforesaid) shall be returned to such Borrower as and to the extent that, after giving effect to such
return, such Borrower would remain in compliance with Section 2.12(c), and no Event of Default shall have occurred and be
continuing. Furthermore, if any Non-Financial Letter of Credit is outstanding on the date that the Parent Borrower terminates the
Global Revolving Commitments pursuant to Section 2.9(b), the Parent Borrower shall, on the date of such termination, either
(1) cause any such Non-Financial Letter of Credit to be surrendered for cancellation to the applicable Issuing Lender, (2) provide
cash collateral pursuant to the terms of this paragraph (or other credit support reasonably satisfactory) to the Foreign Trade
Facility Agent for the benefit of such Issuing Lender in an amount equal to at least 103% of the Face Amount of such Non-Financial
Letter of Credit pursuant to documentation in form and substance reasonably satisfactory to the Foreign Trade Facility Agent or
(3) provide a backup letter of credit on reasonably acceptable terms and conditions to such Issuing Lender in an amount equal to
at least 103% of the Face Amount of such Non-Financial Letter of Credit from a financial institution approved by such Issuing Lender
(such approval not to be unreasonably withheld or delayed in accordance with such Issuing Lender’s existing banking practice
consistently applied). The Parent Borrower hereby grants to the Foreign Trade Facility Agent a security interest in all such cash
collateral and all proceeds thereof. Such cash collateral shall be maintained in a blocked interest-bearing deposit account at
the Foreign Trade Facility Agent’s institution. Upon notice to the Foreign Trade Facility Agent of the termination, reduction
or expiration (without a pending drawing) of any such Non-Financial Letter of Credit, the Foreign Trade Facility Agent shall release
the relevant cash collateral within three Business Days of the relevant date of termination, reduction or expiration, and the Foreign
Trade Facility Agent shall use such cash collateral to promptly reimburse any Issuing Lender honoring any drawing under any such
Non-Financial Letter of Credit. Notwithstanding the foregoing, no Foreign Subsidiary Borrower shall be required to deposit cash
in support of any obligation of any other Borrower and no collateral or other credit support provided by any Foreign Subsidiary
Borrower shall serve as security for any obligation of any other Borrower.

 

(k)               
Conversion.

 

(i)                
In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (A)
that the Parent Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent
in respect of Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of
which the Parent Borrower has deposited cash collateral pursuant to Section 2.5(j)(i), if such cash collateral was deposited
in the applicable Alternative Currency to the extent so deposited or applied), (B) that the Domestic Revolving Lenders are at the
time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter
becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (e)(i) of this Section in respect
of unreimbursed Financial LC Disbursements made under any Alternative Currency Letter of Credit and (C) of each Domestic Revolving
Lender’s participation in any Alternative Currency Letter of Credit under which a Financial LC Disbursement has been made
shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange
Rates on such date (or in the case of any Financial LC Disbursement made after such date, on the date such Financial LC Disbursement
is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, Bank of America,
in its capacity as the applicable Issuing Lender, or any Lender in respect of the Obligations described in this paragraph shall
accrue and be payable in Dollars at the rates otherwise applicable hereunder.

 

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(ii)              
In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (A)
that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Foreign Trade Facility Agent
in respect of Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect
of which such Borrower has deposited cash collateral pursuant to Section 2.5(j)(ii), if such cash collateral was deposited
in the applicable Alternative Currency to the extent so deposited or applied), (B) that the Global Revolving Lenders are at the
time or thereafter become required to pay to the Foreign Trade Facility Agent and the Foreign Trade Facility Agent is at the time
or thereafter becomes required to distribute to the applicable Issuing Lender pursuant to paragraph (e)(ii) of this Section
in respect of unreimbursed Non-Financial LC Disbursements made under any Alternative Currency Letter of Credit and (C) of each
Global Revolving Lender’s participation in any Alternative Currency Letter of Credit under which a Non-Financial LC Disbursement
has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using
the Exchange Rates on such date (or in the case of any Non-Financial LC Disbursement made after such date, on the date such Non-Financial
LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Foreign Trade Facility
Agent, the applicable Issuing Lender or any Lender in respect of the Obligations described in this paragraph shall accrue and be
payable in Dollars at the rates otherwise applicable hereunder.

 

(l)                
Additional Issuing Lenders.

 

(i)                
The Parent Borrower may, at any time and from time to time with the consent of the Administrative Agent (which consent shall
not be unreasonably withheld) and such Domestic Revolving Lender, designate one or more additional Domestic Revolving Lenders to
act as an Issuing Lender of Financial Letters of Credit under the terms of this Agreement; provided that the total number
of Domestic Revolving Lenders so designated at any time plus the total number of Issuing Lenders pursuant to clause (c) of the
definition of the term “Issuing Lender” at such time shall not exceed five. Any Domestic Revolving Lender designated
as Issuing Lender pursuant to this paragraph (l)(i) shall be deemed to be an “Issuing Lender” for the purposes
of this Agreement (in addition to being a Domestic Revolving Lender) with respect to Financial Letters of Credit issued by such
Domestic Revolving Lender.

 

(ii)              
The Parent Borrower may, at any time and from time to time with the consent of the Foreign Trade Facility Agent (which consent
shall not be unreasonably withheld) and such Global Revolving Lender, designate one or more additional Global Revolving Lenders
to act as an Issuing Lender of Non-Financial Letters of Credit under the terms of this Agreement; provided that the total
number of Global Revolving Lenders so designated at any time plus the total number of Issuing Lenders pursuant to clause (c) of
the definition of the term “Issuing Lender” at such time shall not exceed three. Any Global Revolving Lender designated
as Issuing Lender pursuant to this paragraph (l)(ii) shall be deemed to be an “Issuing Lender” for the purposes
of this Agreement (in addition to being a Global Revolving Lender) with respect to Non-Financial Letters of Credit issued by such
Global Revolving Lender.

 

(m)              
Reporting.

 

(i)                
Each Issuing Lender of Financial Letters of Credit will report in writing to the Administrative Agent (i) on the first Business
Day of each week, the aggregate Face Amount of Financial Letters of Credit issued by it and outstanding as of the last Business
Day of the preceding week, (ii) on or prior to each Business Day on which such Issuing Lender expects to issue, amend (including
increases or decreases), renew or extend any Financial Letter of Credit,

 

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the date of such issuance or
amendment, and the aggregate Face Amount of Financial Letters of Credit to be issued, amended, renewed or extended by it and outstanding
after giving effect to such issuance, amendment, renewal or extension (and such Issuing Lender shall advise the Administrative
Agent on such Business Day whether such issuance, amendment, renewal or extension occurred and whether the amount thereof changed),
(iii) on each Business Day on which such Issuing Lender makes any Financial LC Disbursement, the date of such Financial LC Disbursement
and the amount of such Financial LC Disbursement and (iv) on any Business Day on which the Parent Borrower fails to reimburse a
Financial LC Disbursement required to be reimbursed to such Issuing Lender on such day, the date of such failure, the Parent Borrower
and amount of such Financial LC Disbursement.

 

(ii)              
Reporting requirements with respect to a Non-Financial Letter of Credit shall be subject to the same terms, conditions and
provisions of Section 2.6, except instead of relating to the reporting requirements of a Participation FCI, they shall relate
to the reporting requirements of a Non-Financial Letter of Credit, and the terms, conditions and provisions of Section 2.6
shall apply mutatis mutandis to the reporting requirements of a Non-Financial Letter of Credit.

 

Section 2.6             
FCIs.

 

(a)               
FCI Issuing Commitments. Subject to the terms and conditions set forth herein, (i) (A) each Bilateral FCI Issuing
Lender severally agrees to issue Bilateral FCIs (other than Trade LCs), and (B) each Bilateral FCI Issuing Lender may, in its sole
discretion and with terms and conditions required by such Bilateral FCI Issuing Lender, issue Trade LCs; provided that after
giving effect to any issuance of any Bilateral FCI, the Dollar Equivalent of the aggregate outstanding amount of the Bilateral
FCI Reimbursement Obligations of such Bilateral FCI Issuing Lender, and of the Bilateral FCIs of such Bilateral FCI Issuing Lender
shall not exceed the principal amount of the Bilateral FCI Issuing Commitment of such Bilateral FCI Issuing Lender at such time
and (ii) each Participation FCI Issuing Lender severally agrees to issue Participation FCIs; provided that after giving
effect to any issuance of any Participation FCI, the Dollar Equivalent of the aggregate outstanding amount of Participation FCI
Reimbursement Obligations of such Participation FCI Issuing Lender and of Participation FCIs of such Participation FCI Issuing
Lender shall not exceed the lesser of (x) the aggregate principal amount of the Participation FCI Issuing Commitments at such time
and (y) the amount of the Participation FCI Commitment of such Participation FCI Issuing Lender at such time. Each Existing FCI
issued by a Participation FCI Issuing Lender shall be deemed for all purposes of this Agreement to constitute a Participation FCI
issued by such Participation FCI Issuing Lender pursuant hereto for the applicable Borrower (and such Borrower, whether or not
it is the Borrower for which such Existing FCI was originally issued under the Existing Credit Agreement, shall be obligated and
liable in respect of such Existing FCI under the terms and conditions of this Agreement as if such Existing FCI had been originally
issued at its request under this Agreement) and the Participation FCI Issuing Commitment of such Participation FCI Issuing Lender
shall be deemed utilized in an amount equal to the Dollar Equivalent of all Existing FCIs issued by it and determined as of the
Funding Date, subject to subsequent determinations of such Dollar Equivalent pursuant to Section 2.6(n). Each FCI Issuing
Lender, after consultation with the Parent Borrower or the applicable Foreign Subsidiary Borrower, may issue any Bilateral FCI
or Participation FCI, as applicable, by causing any domestic or foreign branch or Affiliate of such FCI Issuing Lender to issue
such Bilateral FCI or Participation FCI if in the judgment of such FCI Issuing Lender such designation (i) would eliminate or reduce
amounts payable pursuant to Section 2.17 or 2.19, as the case may be, and (ii) would not subject such FCI Issuing
Lender to any unreimbursed cost or expense, or would otherwise be advantageous to such FCI Issuing Lender; provided that any exercise
of such option shall not affect the obligations of the relevant Borrower or such FCI Issuing Lender under this Section 2.6.
Each Participation FCI Issuing Lender hereby confirms that the Existing FCIs issued by it conform to the Mandatory Requirements.
Furthermore, if (v) any letter of credit, guarantee or surety

 

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has been previously issued by an FCI Issuing
Lender, (w) the reimbursement obligations of the account party (the “Original FCI Account Party”) relating to
such letter of credit, guarantee or surety have been or are assumed in writing by the Parent Borrower or any Restricted Subsidiary
(such assuming Person, the “FCI Assuming Person”) pursuant to a Permitted Acquisition or other transaction permitted
under this Agreement, (x) there is sufficient availability hereunder for the inclusion of such letter of credit, guarantee or surety
as an FCI hereunder, (y) such letter of credit, guarantee or surety satisfies all of the requirements of an FCI hereunder, and
(z) the conditions of Sections 4.3(a) and 4.3(b) are satisfied, then upon the written request of the Parent Borrower
to such FCI Issuing Lender (consented to in writing by such FCI Issuing Lender), the submission by the Parent Borrower to the Foreign
Trade Facility Agent of a copy of such request bearing such consent and the submission by a Borrower to the Foreign Trade Facility
Agent of a completed Utilization Request including a statement that the foregoing requirements (v) through (z), inclusive, have
been satisfied and that such Borrower submitting such Utilization Request shall be treated as a Borrower hereunder with respect
to such letter of credit, guarantee or surety, such letter of credit, guarantee or surety shall be (from the date of such consent
of such FCI Issuing Lender) deemed a Bilateral FCI or Participation FCI (such designation as a Bilateral FCI or Participation FCI
to be in the sole discretion of the applicable FCI Issuing Lender) for all purposes of this Agreement and the other Loan Documents
and considered issued hereunder at the request of the Borrower that submitted such Utilization Request pursuant to the terms hereof
(the terms hereof and of the other Loan Documents shall govern and prevail in the case of any conflict with the provisions of the
agreement(s) pursuant to which such letter of credit, guarantee or surety had been issued (such agreement(s), the “Original
FCI-Related Agreements”), and such FCI Issuing Lender shall be deemed to have released the Original FCI Account Party
and the FCI Assuming Person from the Original FCI-Related Agreements to the extent of such conflict). Any Utilization Request submitted
to the Foreign Trade Facility Agent pursuant to the immediately preceding sentence shall be reviewed and processed in accordance
with Section 2.6(c), Section 2.6(d), Section 2.6(e) and Section 2.6(f), as applicable. Notwithstanding
that any such assumed letter of credit, guarantee or surety is in support of any obligations of, or is for the account of, a Restricted
Subsidiary or a Joint Venture, the Parent Borrower and the Foreign Subsidiary Borrowers agree that the applicable Borrower (as
identified in the Utilization Request referenced above) shall be obligated to reimburse the applicable FCI Issuing Lender hereunder
for any and all drawings under such letter of credit, guarantee or surety.

 

Notwithstanding anything
to the contrary contained in this Agreement, the following provisions shall apply in respect of Trade LCs: (i) each Trade LC shall
be administered directly between the Borrowers and the applicable Bilateral FCI Issuing Lender, and the Foreign Trade Facility
Agent shall not be involved in that process; (ii) each request for the issuance or amendment of a Trade LC shall be sent by the
relevant Borrower directly to the Bilateral FCI Issuing Lender requested to issue or amend such Trade LC; (iii) the applicable
Bilateral FCI Issuing Lender shall be responsible for ensuring that neither the issuance of any Trade LC or other Bilateral FCI
nor the issuance of any amendment increasing the stated amount of any thereof causes such Bilateral FCI Issuing Lender’s
FCI Issuing Lender Exposure in respect of Trade LCs and other Bilateral FCIs to exceed such Bilateral FCI Issuing Lender’s
Bilateral FCI Issuing Commitment; (iv) the Borrowers and the applicable Bilateral FCI Issuing Lender shall be responsible for arranging
for the reimbursement of any drawings under such Trade LCs; (v) the reporting as to outstanding Trade LCs, including the issuance
thereof, any drawings thereunder, any banker’s acceptances created thereunder, any deferred payment undertakings incurred
thereunder, and any obligations thereunder to reimburse any negotiating banks, confirming banks or other nominated banks shall
be as agreed from time to time by the Borrowers and the applicable Bilateral FCI Issuing Lender; (vi) the applicable Bilateral
FCI Issuing Lender shall be responsible for determining and monitoring whether, due to changes in foreign currency rates or otherwise,
the aggregate Dollar Equivalent of the FCI Issuing Lender Exposure of such Bilateral FCI Issuing Lender in respect of Trade LCs
and other Bilateral FCIs at any time exceeds such Bilateral FCI Issuing Lender’s Bilateral FCI Issuing Commitment and, if
there is such an excess, the relevant Borrower shall arrange to provide Cash Cover for the amount of such

 

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excess in accordance with Section 2.6(o)(i);
and (vii) the Borrowers and the applicable Bilateral FCI Issuing Lender shall be responsible for the calculation, payment and collection
of all fees and handling charges with respect to Trade LCs (including arranging for any necessary offset to take account of any
fees calculated by the Foreign Trade Facility Agent without reference to such Trade LCs); provided that any Bilateral FCI
Fees payable to any Bilateral FCI Issuing Lender in respect of Trade LCs shall be reduced by the amount of any related Bilateral
FCI Commitment Fee payable in respect of the Bilateral FCI Issuing Commitment of such Bilateral FCI Issuing Lender utilized by
the issuance of such Trade LCs.

 

(b)               
Extension Option.

 

(i)                
The Parent Borrower may from time to time during the term of this Agreement, by written notice to the Administrative Agent
and the Foreign Trade Facility Agent (such notice being an “Extension Notice”) delivered no later than 60 days
prior to the Foreign Trade Maturity Date (the date of such notice, the “Notice Date”), request (x) one or more
Lenders with a Participation FCI Commitment and one or more Participation FCI Issuing Lenders and/or (y) one or more Bilateral
FCI Issuing Lenders to extend the then applicable Foreign Trade Maturity Date with respect to such Commitment(s) to a later date
(such extended date, the “Extended Foreign Trade Maturity Date”). The Foreign Trade Facility Agent shall promptly
transmit any Extension Notice to each Lender with a Participation FCI Commitment and each FCI Issuing Lender. Each FCI Issuing
Lender and each Lender with a Participation FCI Commitment shall notify the Foreign Trade Facility Agent whether it wishes to extend
the then applicable Foreign Trade Maturity Date and, if so, as to which of its Commitments, at least 30 days (or such earlier date
as directed by the Parent Borrower) prior to the then applicable Foreign Trade Maturity Date, and any such notice given by an FCI
Issuing Lender or a Lender with a Participation FCI Commitment to the Foreign Trade Facility Agent, once given, shall be irrevocable
as to such Lender. The Foreign Trade Facility Agent shall promptly notify the Administrative Agent and the Parent Borrower of the
notice of each FCI Issuing Lender and each Lender with a Participation FCI Commitment that it wishes to extend (each, an “Extension
Acceptance Notice”). Any FCI Issuing Lender and any Lender with a Participation FCI Commitment which does not expressly
notify the Foreign Trade Facility Agent on or before the date that is 30 days (or such earlier date as directed by the Parent Borrower)
prior to the then applicable Foreign Trade Maturity Date that it wishes to so extend the then applicable Foreign Trade Maturity
Date shall be deemed to have rejected the Parent Borrower’s request for extension of such Foreign Trade Maturity Date with
respect to each of its Bilateral FCI Issuing Commitment, Participation FCI Issuing Commitment, or Participation FCI Commitment,
as applicable. If (x) one or more Lenders with a Participation FCI Commitment and one or more Participation FCI Issuing Lenders
and/or (y) one or more Bilateral FCI Issuing Lenders have elected (in each case in their sole and absolute discretion) to so extend
the then applicable Foreign Trade Maturity Date with respect to its specified Commitment(s), the Foreign Trade Facility Agent shall
notify the Administrative Agent and the Parent Borrower of such election by such Lenders with a Participation FCI Commitment and/or
such FCI Issuing Lenders no later than five Business Days after the date when Extension Acceptance Notices are due, and effective
on the date of such notice by the Foreign Trade Facility Agent to the Administrative Agent and the Parent Borrower (the “Extension
Date”), the Foreign Trade Maturity Date shall be automatically and immediately so extended as to each such Lender with
respect to its specified Commitment(s) to the Extended Foreign Trade Maturity Date. For the avoidance of doubt, if any Lenders
with a Participation FCI Commitment, any Participation FCI Issuing Lenders, or any Bilateral FCI Issuing Lenders shall not have
elected (in each case in their sole and absolute discretion) or are deemed not to have elected to so extend the then applicable
Foreign Trade Maturity Date with respect to one or more of its Commitments, then (x) the non-extended Participation FCI Commitment,
Bilateral FCI

 

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Issuing Commitment, and/or Participation
FCI Issuing Commitment, as applicable, of each such non-extending Lender will be automatically terminated as of the then applicable
Foreign Trade Maturity Date (not giving effect to the proposed extension), (y) the aggregate Participation FCI Commitments, Bilateral
FCI Issuing Commitments, and Participation FCI Issuing Commitments hereunder, as applicable, shall be reduced as of the then applicable
Foreign Trade Maturity Date (not giving effect to the proposed extension) by the amounts of the Participation FCI Commitments,
Bilateral FCI Issuing Commitments, and/or Participation FCI Issuing Commitments of each such non-extending Lender, and (z) any
participations purchased under this Agreement shall be automatically appropriately adjusted in amount to reflect such changed Commitments
as of the then applicable Foreign Trade Maturity Date (not giving effect to the proposed extension). No extension of Participation
FCI Commitments and Participation FCI Issuing Commitments will be permitted hereunder unless, after giving effect to the termination
of the Participation FCI Commitment, Bilateral FCI Issuing Commitment, and/or Participation FCI Issuing Commitment of any non-extending
Lender, as applicable, the total FCI Issuing Lender Exposures with respect to Participation FCIs of all the Participation FCI Issuing
Lenders (including those non-extending Participation FCI Issuing Lenders that have not received a Counter-Guarantee to support
the outstanding Participation FCIs issued by such non-extending Participation FCI Issuing Lender or, in respect of such outstanding
Participation FCIs, the Parent Borrower or other relevant Borrower has not provided Cash Cover (or other credit support) in accordance
with Section 2.6(p)(vii)) does not exceed the total Participation FCI Commitments of all the extending Lenders with Participation
FCI Commitments. Each outstanding Bilateral FCI and outstanding Participation FCI issued by a non-extending FCI Issuing Lender
shall continue to be considered an issued Bilateral FCI or Participation FCI (as applicable) hereunder and part of the FCI Issuing
Lender Exposure hereunder unless the Parent Borrower elects in its sole discretion to have a Counter-Guarantee issued hereunder
in favor of such non-extending FCI Issuing Lender or the Parent Borrower or other relevant Borrower provides Cash Cover (or other
credit support) in accordance with Section 2.6(p)(vii), in each case to support such Bilateral FCIs and Participation FCIs,
in which case such Bilateral FCIs and Participation FCIs shall no longer be considered to be Bilateral FCIs or Participation FCIs
issued pursuant to this Agreement except that for purposes of Section 2.6(p)(iii), (iv) and (v) and Section
2.6(h) such Bilateral FCIs and Participation FCIs shall continue to be considered as issued pursuant to this Agreement and
the Borrowers’ obligations under such Sections with respect to fees, costs, expenses, reimbursement and indemnification obligations
shall continue to apply with respect to such Bilateral FCIs and Participation FCIs. On or prior to the then applicable Foreign
Trade Maturity Date (not giving effect to the proposed extension), the Parent Borrower shall pay or cause to be paid to each non-extending
Lender all amounts owing to such non-extending Lender with respect to its Participation FCI Commitment, Bilateral FCI Issuing Commitment,
and/or Participation FCI Issuing Commitment, as applicable, including the repayment of an amount equal to the outstanding funded
participations of all FCI Disbursements made by such non-extending Lender or funded FCI Disbursements made by such non-extending
FCI Issuing Lender, as applicable, any accrued interest thereon, accrued fees and all other amounts payable to it hereunder and
under the other Loan Documents in connection with such Commitment. Upon the delivery of an Extension Notice and upon the extension
of the Foreign Trade Maturity Date pursuant to this Section 2.6(b)(i), the Parent Borrower shall be deemed to have represented
and warranted on and as of the Notice Date and the Extension Date, as the case may be, that no Default or Event of Default has
occurred and is continuing. Notwithstanding anything contained in this Agreement to the contrary, no Lender with a Participation
FCI Commitment or FCI Issuing Lender shall have any obligation to extend the Foreign Trade Maturity Date, and each Lender with
a Participation FCI Commitment and each FCI Issuing Lender may (with respect to its respective Participation FCI Commitment, Bilateral
FCI Issuing Commitment and/or Participation FCI Issuing

 

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Commitment) at its option, unconditionally
and without cause, decline to extend the Foreign Trade Maturity Date.

 

(ii)              
If the Foreign Trade Maturity Date shall have been extended in accordance with Section 2.6(b)(i) with respect to
(x) any Participation FCI Commitments and Participation FCI Issuing Commitments and/or (y) any Bilateral FCI Issuing Commitments,
then, as to the applicable extending Lenders, all references herein to the “Foreign Trade Maturity Date” shall refer
to the Extended Foreign Trade Maturity Date.

 

(iii)            
The Parent Borrower shall have the right on or before the applicable Foreign Trade Maturity Date to replace each non-extending
Lender with a Participation FCI Commitment with one or more Persons (A) reasonably satisfactory to the Parent Borrower, the Administrative
Agent and the Foreign Trade Facility Agent and (B) satisfactory to the Participation FCI Issuing Lenders in their sole discretion
(such replacing Persons, the “Additional Participation FCI Lenders”), as provided in Section 2.21(b),
each of which such Additional Participation FCI Lenders shall have entered into an Assignment and Assumption pursuant to which
such Additional Participation FCI Lender shall, effective as of the applicable Foreign Trade Maturity Date, undertake a Participation
FCI Commitment (and if any such Additional Participation FCI Lender is already a Lender, its new Commitment shall be in addition
to any other Commitment of such Lender on such date).

 

(iv)             
The Parent Borrower shall have the right on or before the applicable Foreign Trade Maturity Date to replace each non-extending
FCI Issuing Lender with one or more Persons reasonably satisfactory to the Parent Borrower, the Administrative Agent and the Foreign
Trade Facility Agent (such replacing Persons, the “Additional FCI Issuing Lenders”), as provided in Section
2.21(b), each of which such Additional FCI Issuing Lenders shall have entered into an Assignment and Assumption pursuant to
which such Additional FCI Issuing Lender shall, effective as of the applicable Foreign Trade Maturity Date, undertake a Bilateral
FCI Issuing Commitment and/or Participation FCI Issuing Commitment (and if any such Additional FCI Issuing Lender is already an
FCI Issuing Lender, its new Commitment shall be in addition to any other Commitment of such FCI Issuing Lender on such date).

 

(c)               
Procedure for Issuance and Reversals. Each Borrower may, at any time and from time to time during the period from
the Funding Date until the Foreign Trade Maturity Date, request the issuance of FCIs or an extension or other amendment of any
outstanding FCI by sending to the Foreign Trade Facility Agent a duly completed request for issuance (each, a “Utilization
Request”) by electronic transfer using the db direct internet or replacement communications facility in accordance with
the terms of the DB Direct Internet Agreement. If for technical reasons it should not be possible to make a request for issuance
through db direct internet (or such replacement communications facility), such request may be made (to be pre-advised by the relevant
Borrower) via fax, via email or by letter, in substantially the form of Exhibit H, in each case to the Foreign Trade Facility
Agent as specified in Section 9.1 (or to a fax number, email address or other address agreed with the Foreign Trade Facility
Agent for this purpose), receipt of such fax, email or letter to be promptly confirmed by the Foreign Trade Facility Agent to the
relevant Borrower for this purpose; provided that in such case explicit reference must be made to this Agreement, and the
Foreign Trade Facility Agent shall in such case not be held responsible for a delayed processing of such Utilization Request unless
such delayed processing is caused by gross negligence or willful misconduct (each as determined in a final and non-appealable judgment
of a court of competent jurisdiction) on the part of the Foreign Trade Facility Agent following the confirmation of the receipt
of the relevant fax, email or letter. It is acknowledged that the Foreign Trade Facility Agent will not, in the event a Utilization
Request is submitted by fax, or email, be in a position to verify whether such Utilization Request has been duly authorized and
sent by the relevant Borrower, and each Borrower

 

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hereby agrees that the Foreign Trade Facility
Agent shall be entitled to execute all Utilization Requests received by fax or email if on their face such fax letters or emails
appear to be duly authorized and executed or sent by persons acting on behalf of such Borrower who have been identified as authorized
signatories in annex 1.3.1 (or any replacement annex) to the DB Direct Internet Agreement or in the officer’s certificate
furnished on the Funding Date pursuant to this Agreement. Neither the Foreign Trade Facility Agent nor any of the Lenders shall
be held liable for the execution of any forged Utilization Request received by fax or email except where the forgery is evident
on the face of the forged Utilization Request furnished to such Person or the Foreign Trade Facility Agent or the respective FCI
Issuing Lender acted with gross negligence or willful misconduct (each as determined in a final and non-appealable judgment of
a court of competent jurisdiction) with respect to such Utilization Request. No Utilization Request will be regarded as having
been duly completed unless:

 

(i)                
the requested undertaking would constitute a Warranty Guarantee, a Performance Guarantee, an Advance Payment Guarantee,
a Tender Guarantee, a Counter-Guarantee, a General Purpose Guarantee or with respect to a Bilateral FCI, a Trade LC;

 

(ii)              
such Utilization Request and the terms and conditions for the requested FCI are in the English language (or, if not in the
English language, then in the sole discretion of the Foreign Trade Facility Agent or the applicable Participation FCI Issuing Lender
or Bilateral FCI Issuing Lender, must be accompanied by an English translation certified by the relevant Borrower to be a true
and correct English translation that the Foreign Trade Facility Agent and such Participation FCI Issuing Lender or Bilateral FCI
Issuing Lender, as applicable, shall be entitled to rely upon) and in accordance with the Mandatory Requirements;

 

(iii)            
the requested FCI is denominated in a Permitted Currency or any other currency agreed by the applicable FCI Issuing Lender
and the Foreign Trade Facility Agent;

 

(iv)             
the expiry date of the requested FCI (A) is not stated by reference to any events in the underlying contract, (B) is not
subject to conflicting interpretation, and (C) if the requested FCI does not provide for determination of a specific expiry date,
the Commercial Lifetime falls within the Permitted Maturity;

 

(v)               
the obligor of the obligations to be supported by the requested FCI is named;

 

(vi)             
upon issuance of the requested FCI (for this purpose such FCI is deemed to be issued at the time of receipt of the Utilization
Request therefor by the Foreign Trade Facility Agent), the thresholds for the different types of FCIs set forth under Section
2.6(d) would not be exceeded;

 

(vii)           
an FCI Issuing Lender is determined pursuant to the terms hereof;

 

(viii)         
the Utilization Request is in compliance with Section 2.6(d); and

 

(ix)             
the Utilization Request indicates whether the applicable Borrower requests a Bilateral FCI or Participation FCI to be issued.

 

Only one FCI may be requested in each Utilization
Request. A Utilization Request may only be revoked by the relevant Borrower (x) until the Foreign Trade Facility Agent has forwarded
the Utilization Request to the relevant FCI Issuing Lender in accordance with Section 2.6(g), by giving notice to the Foreign
Trade Facility Agent or (y) thereafter, by giving notice to the relevant FCI Issuing Lender which has to be received by such FCI
Issuing Lender at a time when such FCI Issuing Lender will, with reasonable

 

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efforts, still be in a position to stop
the delivery of the relevant FCI to the relevant beneficiary or any other Person as instructed by such Borrower. In such case,
the relevant FCI Issuing Lender shall promptly inform the Foreign Trade Facility Agent and the relevant Borrower that the requested
FCI has not been issued. No FCI Issuing Lender shall be required to issue an FCI in any jurisdiction that would impose withholding
taxes on any payments in respect of such FCI.

 

(d)               
Limitations on Use. The Borrowers may only request the issuance of FCIs if:

 

(i)                
with respect to the issuance of a Bilateral FCI, the Dollar Equivalent of such requested Bilateral FCI, when aggregated
with the Dollar Equivalent of all other outstanding Bilateral FCIs and unreimbursed FCI Disbursements with respect to Bilateral
FCIs as of the time of receipt of the relevant Utilization Request, does not exceed the total Bilateral FCI Issuing Commitments;
and

 

(ii)              
with respect to any Participation FCI, (A) the Dollar Equivalent of such requested Participation FCI, when aggregated with
the Dollar Equivalent of all other outstanding Participation FCIs and unreimbursed FCI Disbursements with respect to Participation
FCIs as of the time of receipt of the relevant Utilization Request, does not exceed the total Participation FCI Issuing Commitments
and (B) the Dollar Equivalent of such requested Participation FCI, when aggregated with the Dollar Equivalent of all other outstanding
Participation FCIs and unreimbursed FCI Disbursements with respect to Participation FCIs as of the time of receipt of the relevant
Utilization Request, does not exceed the total Participation FCI Commitments.

 

If the Foreign Trade Facility Agent is
of the opinion that a requested FCI is not of the type as specified in the Utilization Request by a Borrower or if the type of
FCI is not clearly specified in the relevant Utilization Request, the Foreign Trade Facility Agent shall reasonably determine the
type of the requested FCI based on the purpose (or, if such FCI is intended to serve more than one purpose, the primary purpose)
assumed by the Foreign Trade Facility Agent on the basis of the wording of the relevant requested FCI and the facts and circumstances
known to the Foreign Trade Facility Agent at the time of the receipt of such Utilization Request, and the Foreign Trade Facility
Agent shall inform such Borrower accordingly of such determination. No Borrower shall make a Utilization Request for FCIs to serve
as security for obligations of any Person other than a Borrower or a Restricted Subsidiary or a Joint Venture.

 

(e)               
Deviations from FCI Requirements. No FCI shall be issued by any FCI Issuing Lender if, in the case of a Participation
FCI, the Mandatory Requirements are not fulfilled. No FCI Issuing Lender shall be obliged to issue an FCI (i) which does not fulfill
the Dispensable Requirements, (ii) which shall be issued in a currency other than a Permitted Currency, or (iii) if the issuance
of the relevant FCI is not permitted pursuant to its internal rules and guidelines. In order to avoid a rejection of any issuance
of an FCI requested by a Borrower due to non-compliance of its terms with the Dispensable Requirements, each Borrower hereby undertakes
that, with respect to any FCI to be issued where such Borrower considers it reasonably likely that it will not be in a position
to negotiate with the relevant future beneficiary terms for the relevant FCI which will meet the Dispensable Requirements, such
Borrower will as soon as possible approach the Foreign Trade Facility Agent and designate an FCI Issuing Lender to issue such FCI
pursuant to the terms of Section 2.6(f). Each Borrower shall seek advice from the FCI Issuing Lender designated by such
Borrower as the relevant FCI Issuing Lender with respect to all FCI related issues during its negotiations of the underlying contract
with the potential beneficiary of such FCI. In cases where, in spite of such Borrower’s commercially reasonable efforts,
fulfillment of the Dispensable Requirements appears unachievable, the relevant FCI Issuing Lender and such Borrower shall try to
reach an agreement on an indemnity in favor of such FCI Issuing Lender which allows such FCI Issuing Lender to issue the relevant
FCI in its contractual relationship with such Borrower; provided

 

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that the right of the relevant FCI Issuing
Lender to reject the issuance of the requested FCI shall remain unaffected.

 

(f)                
Receipt of Utilization Request.

 

(i)                
Following the receipt of a Utilization Request, the Foreign Trade Facility Agent shall determine whether in its opinion
the Utilization Request is duly completed. If the Foreign Trade Facility Agent is of the opinion that the Utilization Request is
not duly completed, it shall promptly inform the relevant Borrower and shall liaise with such Borrower with a view to agree on
a modification of such Utilization Request. If no such agreement can be reached, the Foreign Trade Facility Agent shall reject
the Utilization Request. If the Foreign Trade Facility Agent is of the opinion (following a modification of such Utilization Request)
that the Utilization Request is duly completed, it shall forward such Utilization Request to the designated FCI Issuing Lender(s).

 

(ii)              
If the Foreign Trade Facility Agent determines that, due to the amount of the requested FCI, the requested FCI cannot be
issued by a single FCI Issuing Lender, it shall promptly inform the relevant Borrower and such Borrower shall then either withdraw
the relevant Utilization Request or instruct the Foreign Trade Facility Agent that the relevant FCI shall be split into two or,
if necessary due to the amount of the FCI, more FCIs issued by two or more FCI Issuing Lenders.

 

(iii)            
In no event shall the aggregate amount (without duplication) of the sum of the Dollar Equivalent of all Bilateral FCIs issued
by all FCI Issuing Lenders plus the Dollar Equivalent of all unreimbursed FCI Disbursements of all such FCI Issuing Lenders with
respect to Bilateral FCIs exceed the aggregate amount of the Bilateral FCI Issuing Commitments.

 

(iv)             
In no event shall the aggregate amount (without duplication) of the sum of the Dollar Equivalent of all Participation FCIs
issued by all FCI Issuing Lenders plus the Dollar Equivalent of all unreimbursed FCI Disbursements of all such FCI Issuing Lenders
with respect to Participation FCIs exceed the aggregate amount of the Participation FCI Issuing Commitments or the Participation
FCI Commitments.

 

(g)               
Issuance of FCIs.

 

(i)                
The Foreign Trade Facility Agent shall promptly forward each Utilization Request to the relevant FCI Issuing Lender no later
than 3:00 p.m., Düsseldorf time, on the Business Day following the day it has received such Utilization Request (or, if such
day is not a Business Day, on the Business Day following the first Business Day after the day the Foreign Trade Facility Agent
has received the Utilization Request). The Foreign Trade Facility Agent shall determine in its notice to the relevant FCI Issuing
Lender the day on which the requested FCI shall be issued (such day being the “Utilization Date”) which shall
be the second Business Day of such FCI Issuing Lender immediately following its receipt of the Utilization Request. Such FCI Issuing
Lender(s) shall issue the respective FCI(s) on the Utilization Date unless such FCI Issuing Lender informs the Foreign Trade Facility
Agent and the relevant Borrower on or prior to 5:00 p.m., Düsseldorf time, on the Utilization Date that (and specifying the
reasons) (x) it will not be able to issue the relevant FCI on the Utilization Date (in which case the FCI Issuing Lender shall
inform the Foreign Trade Facility Agent and such Borrower when it will be able to issue the relevant FCI) or (y) it will not be
able to issue the FCI at all (1) due to its internal rules and guidelines, (2) due to any applicable law or regulation with which
it has to comply, (3) due to the currency (other than any Permitted Currency) in which the FCI shall be issued, (4) because it
is of the opinion that, in the case of Participation FCIs, the Mandatory Requirements are not

 

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fulfilled, or (5) because it
is of the opinion that the Dispensable Requirements are not fulfilled. No FCI Issuing Lender shall be under any obligation to issue
any Participation FCI if any Lender with a Participation FCI Commitment is at that time a Defaulting Lender, unless such FCI Issuing
Lender has entered into arrangements, including the delivery of cash collateral or other credit support to the Foreign Trade Facility
Agent, satisfactory to such FCI Issuing Lender (in its reasonable discretion) with the Parent Borrower or such Defaulting Lender
to eliminate such FCI Issuing Lender’s actual or potential Fronting Exposure (after giving effect to Section 2.24(a)(iv))
with respect to the Defaulting Lender arising from either the FCI then proposed to be issued or that FCI and all other FCI Exposure
as to which such FCI Issuing Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion.

 

(ii)              
If an FCI shall be issued on the same day the Utilization Request is delivered to the Foreign Trade Facility Agent (or if
such day is not a Business Day, the following Business Day), the relevant Borrower shall inform the Foreign Trade Facility Agent
in advance that the requested FCI shall be issued on the same day (or if such day is not a Business Day, the following Business
Day). The Foreign Trade Facility Agent shall promptly inform the relevant FCI Issuing Lender accordingly which shall be obliged
to use commercially reasonable efforts to issue the FCI on the same day as it receives the Utilization Request (or if such day
is not a Business Day, the following Business Day).

 

(iii)            
(A) In the cases referred to in clause (x) or clause (y)(3) of Section 2.6(g)(i) above, the Foreign Trade Facility
Agent shall obtain, and follow, instructions from the relevant Borrower, (B) in the cases referred to in clause (y)(1), (2), (4)
and (5) of Section 2.6(g)(i) above, the relevant Borrower shall agree with the relevant FCI Issuing Lender as to any amendments
necessary to the respective FCI to enable the relevant FCI Issuing Lender to issue the relevant FCI and, in the case of sub-paragraph
(y)(5), Section 2.6(e) shall apply mutatis mutandis, (C) if, in the cases referred to under (A) or (B) above,
no agreement can be reached between the relevant FCI Issuing Lender and the relevant Borrower, such FCI Issuing Lender shall reject
the request to issue the requested FCI and the relevant Borrower shall promptly advise the Foreign Trade Facility Agent and shall
designate another FCI Issuing Lender and the time for issuance of the FCI shall be postponed to the extent necessary for practical
reasons. Such FCI Issuing Lender shall promptly inform the Foreign Trade Facility Agent about all changes agreed with such Borrower
with respect to a Utilization Request in accordance with this clause (iii).

 

(iv)             
The relevant FCI Issuing Lender may either issue the FCI directly or, if requested by and agreed with the relevant Borrower,
arrange that the FCI (an “Indirect FCI”) be issued by a second bank (including one of such FCI Issuing Lender’s
domestic or foreign branches or affiliates) or financial institution (the “Indirect FCI Issuing Lender”) against
such FCI Issuing Lender’s corresponding Counter-Guarantee (which may support one or more Indirect FCIs and which may be for
a longer or shorter tenor than such Indirect FCI(s) so long as the tenor of such Counter-Guarantee is permitted under this Agreement)
in the form satisfactory to the Indirect FCI Issuing Lender. In addition, in the case that an issued and outstanding letter of
credit, guaranty or surety is being rolled into the Foreign Trade Facility as an FCI in accordance with the provisions of this
Agreement, then if requested by and agreed with the relevant Borrower, the relevant FCI Issuing Lender may arrange that one or
more corresponding Counter-Guarantees (which may support one or more Indirect FCIs and which may be for a longer or shorter tenor
than such Indirect FCI(s) so long as the tenor of such Counter-Guarantee is permitted under this Agreement), in the form satisfactory
to the issuer of such existing letter of credit, guaranty or surety, be issued by such FCI Issuing Lender, in which event (A) the
issued letter of credit, guaranty or surety shall be treated as an Indirect FCI, (B) the issuer thereof shall be treated as an
Indirect FCI Issuing Lender, and (C) such FCI Issuing Lender rather than the Foreign Trade

 

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Facility Agent shall be responsible
for checking for compliance with the Mandatory Requirements (except that only the Mandatory Requirements under the headings “Permitted
Types of Instruments” and “Expiry” need to be complied with; for the avoidance of doubt, the Mandatory Requirements
under the headings “Rules”, “Reference to Underlying Transaction/Purpose Clause” and “Payment Obligations”,
as well as the Dispensable Requirements need not be complied with) with respect to such Indirect FCIs in accordance with the provisions
of this Agreement, but the Foreign Trade Facility Agent shall be responsible for checking for compliance with all the Mandatory
Requirements with respect to the corresponding Counter-Guarantee(s) in accordance with the provisions of this Agreement. In case
of an Indirect FCI, such FCI Issuing Lender is entitled to receive, for payment to the Indirect FCI Issuing Lender, separate fees
and expenses in respect of such Indirect FCI in addition to the fees and expenses pursuant to Section 2.6(p). In line with
international practices, the tenor of a Counter-Guarantee in favor of the Indirect FCI Issuing Lender may exceed the tenor of the
Indirect FCI by at least ten calendar days so long as such tenor is permitted under this Agreement.

 

(v)               
If a Utilization Request is made to request an amendment (including an extension) of any outstanding FCI, the Foreign Trade
Facility Agent shall forward the Utilization Request to the relevant FCI Issuing Lender if the requirements of Section 2.6(d)
are fulfilled. Clauses (i) through (iii) of this Section 2.6(g) shall apply mutatis mutandis.

 

(vi)             
Each FCI Issuing Lender shall comply at all times with the obligations set forth on Schedule 2.6(g).

 

(vii)           
If the relevant FCI Issuing Lender has not rejected the request to issue an FCI, the requested currency of which is not
a Permitted Currency, the relevant Borrower assumes all risks related thereto and shall reimburse all costs reasonably incurred
in connection with the procurement of such currency for honoring such FCI in such specific currency.

 

(h)               
Borrower Liabilities.

 

(i)                
If an FCI Issuing Lender receives a request for payment under any FCI (including from an Indirect FCI Issuing Lender under
a Counter-Guarantee) issued by it, it shall promptly (and before any payment is made in respect thereof) inform the relevant Borrower,
the Foreign Trade Facility Agent and the Administrative Agent accordingly. A Borrower’s obligation to reimburse any payment
made by an FCI Issuing Lender under an FCI (each, an “FCI Disbursement”) shall be absolute, unconditional and
irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever
and irrespective of (i) any lack of validity or enforceability of any FCI, of any request for the issuance thereof or of this Agreement,
or of any term or provision therein or herein, or of any underlying agreement (ii) any draft or other document presented under
an FCI proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect,
(iii) payment by the applicable FCI Issuing Lender under an FCI against presentation of a draft or other document that does not
comply with the terms of such FCI, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing,
that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff
against, such Borrower’s obligations hereunder. Neither the Foreign Trade Facility Agent, the Lenders nor any FCI Issuing
Lender, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance
or transfer of any FCI or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred
to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice
or other communication under or relating to any FCI

 

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(including any document required
to make a drawing thereunder), any error in interpretation of technical terms, any error in the finding of true facts or law or
any consequence arising from causes beyond the control of the applicable FCI Issuing Lender; provided that neither of the
foregoing sentences shall be construed to excuse such FCI Issuing Lender from liability to the applicable Borrower to the extent
of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by each Borrower to the
extent permitted by applicable law) suffered by such Borrower that are caused by such FCI Issuing Lender’s gross negligence,
willful misconduct or failure to exercise care (each as determined in a final and non-appealable judgment of a court of competent
jurisdiction) when determining whether drafts and other documents presented under an FCI comply with the terms thereof, or if the
obligation to honor a request for payment under an FCI depends upon non-documentary conditions, whether questions of facts or law
at issue in the underlying transaction justify the payment by the FCI Issuing Lender. In furtherance of the foregoing and without
limiting the generality thereof, the parties agree that, (i) with respect to documents presented which appear on their face to
be in substantial compliance with the terms of an FCI, an FCI Issuing Lender may, in its sole discretion, either accept and make
payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary,
or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such
FCI; or (ii) if the obligation to honor a request for payment under an FCI depends upon non-documentary conditions, an FCI Issuing
Lender may, in its sole discretion, either accept and make payment upon such facts presented in connection with the request for
payment, without responsibility for further investigation, regardless of any notice or information to the contrary; provided,
however, that the applicable Borrower does not promptly provide irrefutable evidence that facts presented in connection
with the request for payment are not true, or refuse to accept and make payment upon such facts. Without limiting any rights that
the applicable FCI Issuing Lender may have under applicable law, (i) the applicable Borrower’s aggregate remedies against
the applicable FCI Issuing Lender for wrongfully honoring a presentation or wrongfully retaining honored documents shall in no
event exceed the aggregate amount paid by such Borrower to such FCI Issuing Lender with respect to the honored presentation, plus
interest at the rate equal to the Adjusted Eurocurrency Rate for Interest Periods of one month, (ii) the applicable FCI Issuing
Lender may accept as a draft any written or electronic demand or request for payment under an FCI, even if non-negotiable or not
in the form of a draft, and may disregard any requirement that such draft, demand or request bear any or adequate reference to
the FCI, and (iii) the applicable FCI Issuing Lender may purchase or discount an accepted draft or deferred payment obligation
incurred under an FCI without affecting the amount or timing of the reimbursement due from the applicable Borrower.

 

(ii)              
The relevant Borrower shall, upon demand from the relevant FCI Issuing Lender, reimburse such FCI Issuing Lender for, and
irrevocably and unconditionally indemnify such FCI Issuing Lender against any sum paid or payable in accordance with clause (i)
above under an FCI issued by such FCI Issuing Lender at the request of such Borrower and against all other liabilities, reasonable
costs (including any costs incurred in funding any amount paid by such FCI Issuing Lender under or in connection with such FCI),
claims, losses and expenses which such FCI Issuing Lender may at any time (whether before, on or after the Foreign Trade Maturity
Date) reasonably incur or sustain in connection with or arising out of any such FCI. Each such reimbursement shall be made in the
currency in which the applicable FCI was issued. If an FCI Issuing Lender shall make any FCI Disbursement, then, unless the relevant
Borrower shall reimburse such FCI Disbursement in full on the date such FCI Disbursement is made, the unpaid amount thereof shall
bear interest, for each day from and including the date such FCI Disbursement is made to but excluding the date that such Borrower
reimburses such FCI Disbursement, at a fluctuating per annum rate equal to the Alternate Base Rate plus 1.0%;

 

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provided that if such Borrower
fails to reimburse such FCI Disbursement within five calendar days (including for any interest incurred in connection with such
FCI Disbursement pursuant to the preceding provisions of this sentence), then such entire unpaid amount shall bear interest, for
each day from and including the sixth calendar day after the date such FCI Disbursement is made to but excluding the date that
such Borrower reimburses such FCI Disbursement, at a fluctuating per annum rate equal to the Alternate Base Rate plus 2.0%.

 

(i)                
Participations. (i) By the issuance of a Participation FCI (or an amendment to a Participation FCI increasing the
amount thereof) and without any further action on the part of the applicable FCI Issuing Lender or the Lenders with Participation
FCI Commitments, the applicable FCI Issuing Lender shall be deemed to have granted, automatically, to each Lender with a Participation
FCI Commitment, and each Lender with a Participation FCI Commitment shall be deemed to have acquired, automatically, from such
FCI Issuing Lender, a participation in such Participation FCI equal to such Lender’s Applicable Percentage of the aggregate
amount available to be drawn under such Participation FCI. In consideration and in furtherance of the foregoing, each Lender with
a Participation FCI Commitment hereby absolutely and unconditionally agrees to pay to the Foreign Trade Facility Agent in Dollars,
for the account of such FCI Issuing Lender, such Lender’s Applicable Percentage of (i) each FCI Disbursement with respect
to any Participation FCI made by such FCI Issuing Lender in Dollars and (ii) the Dollar Equivalent of each FCI Disbursement with
respect to any Participation FCI made by such FCI Issuing Lender in a Permitted Currency or in another currency permitted under
Section 2.6(g)(vii) and, in each case, not reimbursed or indemnified by the relevant Borrower on the date due as provided
in paragraph (h) of this Section, or of any such reimbursement or indemnity payment required to be refunded to such Borrower
for any reason. Each Lender with a Participation FCI Commitment acknowledges and agrees that its obligations pursuant to this paragraph
in respect of Participation FCIs are absolute and unconditional and shall not be affected by any circumstance whatsoever, including
any amendment, renewal or extension of any Participation FCI and continuance of a Default or Event of Default or reduction or termination
of the Participation FCI Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction
whatsoever.

 

(j)                
Reimbursement. If the applicable FCI Issuing Lender shall make any FCI Disbursement in respect of a Participation
FCI, and if the relevant Borrower fails to reimburse or to indemnify such FCI Issuing Lender for such FCI Disbursement in accordance
with Section 2.6(h), the Foreign Trade Facility Agent shall promptly notify the applicable FCI Issuing Lender and each other
Lender with a Participation FCI Commitment of the applicable unreimbursed amount, the Dollar Equivalent thereof, the payment then
due from such Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of
such notice, each Lender with a Participation FCI Commitment shall pay to the Foreign Trade Facility Agent in Dollars its Applicable
Percentage of the payment then due from the relevant Borrower, and the Foreign Trade Facility Agent shall promptly pay to the applicable
FCI Issuing Lender in Dollars the amounts so received by it from each such Lender. Each Lender with a Participation FCI Commitment
at its option (after consultation with the Parent Borrower) may perform any reimbursement obligation pursuant to this Section
2.6(j) by causing any domestic or foreign branch or Affiliate of such Lender to perform such reimbursement obligation if in
the judgment of such Lender such designation (i) would eliminate or reduce amounts payable pursuant to Section 2.17 or 2.19,
as the case may be, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous
to such Lender; provided that any exercise of such option shall not affect the obligations of the relevant Borrower or such Lender
under this Section 2.6. Promptly following receipt by the Foreign Trade Facility Agent of any payment from any Borrower
pursuant to Section 2.6(h), the Foreign Trade Facility Agent shall distribute such payment to the Lenders that have made
payments pursuant to this paragraph to reimburse such FCI Issuing Lender as their interests may appear. Any payment made by a Lender
pursuant to this paragraph to reimburse any FCI Issuing Lender for any

 

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FCI Disbursement made by the applicable
FCI Issuing Lender shall not relieve any Borrower of its obligation to make any reimbursement or indemnity pursuant to Section
2.6(h).

 

(k)               
Reversal of FCIs.

 

(i)                
Each FCI Issuing Lender will notify the Foreign Trade Facility Agent on each Business Day about any expiration or reduction
of the Face Amount of any FCI or Counter-Guarantee issued by it which became effective the preceding Business Day (a “Utilization
Reduction Notice”). With respect to:

 

(A)             
an FCI (other than a Counter-Guarantee or an Indirect FCI) which under its terms expires without any doubt if no demand
has been received by such FCI Issuing Lender on or before a specified expiry date, such FCI Issuing Lender will give a Utilization
Reduction Notice on the Business Day following the effectiveness of the reversal of the FCI, unless such FCI does not qualify for
a reversal due to its governing law and/or jurisdiction (in which case clause (B) below shall apply mutatis mutandis);

 

(B)             
an FCI (other than a Counter-Guarantee or an Indirect FCI) which, under its terms either does not provide for a specific
expiry date or does not otherwise expire without any doubt if no demand for payment has been received by such FCI Issuing Lender
on or before a definite expiry date or in the case of a release of an FCI before the expiry date specified therein, such FCI Issuing
Lender will give a Utilization Reduction Notice (1) as and when the original of the FCI including all amendments, if any, is received
by it from the beneficiary or the relevant Borrower, or (2) after having received any explicit notice of release from the beneficiary
in form and substance substantially in accordance with the form provided in Schedule 2.6(k);

 

(C)             
a Counter-Guarantee, such FCI Issuing Lender will give a Utilization Reduction Notice only upon being unconditionally discharged
in writing from any respective liability by the Indirect FCI Issuing Lender, or upon such FCI Issuing Lender having paid the amount
available under the Counter-Guarantee to the Indirect FCI Issuing Lender; provided that if the FCI Issuing Lender has been
prevented from effecting such payment without delay, the Utilization Reduction Notice is subject to any assertion of damages on
account of delay by the Indirect FCI Issuing Lender;

 

(D)             
an FCI (other than a Counter-Guarantee or an Indirect FCI) issued in connection with legal proceedings in Germany, such
FCI Issuing Lender will give a Utilization Reduction Notice only upon receipt of the original of the FCI for discharge from the
beneficiary or upon the beneficiary’s consent to the discharge or upon establishment of the expiry of the FCI by an executory
order according to §109(2) of the German Code of Civil Procedure;

 

(E)              
an FCI (other than a Counter-Guarantee or an Indirect FCI), expressly subject to the Uniform Rules for Demand Guarantees,
International Chamber of Commerce Publication No. 758, such FCI Issuing Lender will give a Utilization Reduction Notice if under
said rules and due to the governing law and/or jurisdiction of such FCI a termination of a guarantee would have to be made;

 

(F)              
an FCI (other than a Counter-Guarantee or an Indirect FCI), expressly subject to the Uniform Customs and Practice for Documentary
Credits, 2007 Revision, International Chamber of Commerce Publication No. 600 or the International Standby

 

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Practices 1998, International Chamber
of Commerce Publication No. 590, such FCI Issuing Lender will give a Utilization Reduction Notice (1) as and when the original
of the FCI including all amendments, if any, is being received by it for cancellation from the beneficiary or the relevant Borrower
prior to its stated expiration date (if any), or (2) after having received any explicit notice of release from the beneficiary
in form and substance substantially in accordance with the form provided in Schedule 2.6(k);

 

(G)             
reductions of an FCI or an Indirect FCI/Counter-Guarantee, such FCI Issuing Lender will give a Utilization Reduction Notice
only if (1) the terms and conditions of any reduction clause of the terms of the FCI are, without any doubt, complied with or if
the beneficiary or, in the case of an Indirect FCI, the Indirect FCI Issuing Lender has certified in writing and unconditionally
the reduction of the FCI or Counter-Guarantee respectively or (2) the FCI Issuing Lender has effected partial payment pursuant
to a demand; and

 

(H)             
any FCI in relation to which such FCI Issuing Lender has effected full payment pursuant to a demand so that the beneficiary
would not be entitled to claim any further payment, such FCI Issuing Lender will give a Utilization Reduction Notice.

 

(ii)              
If a claim under an FCI is lodged with the relevant FCI Issuing Lender after such FCI Issuing Lender has given a Utilization
Reduction Notice with respect to such FCI:

 

(A)             
such FCI Issuing Lender shall effect payment only if such payment is expressly authorized by the relevant Borrower or ordered
by a court decision, enforceable in the country where it was rendered; and

 

(B)             
the relevant Borrower shall (1) indemnify such FCI Issuing Lender in accordance with Section 2.6(h) and (2) pay to
such FCI Issuing Lender an amount (without duplication) equal to the Participation FCI Commitment Fee such FCI Issuing Lender would
have received if the relevant FCI or Joint Signature FCI had been outstanding from the date the relevant Utilization Reduction
Notice was given until the date payment in respect of such claim is made by such Borrower to the FCI Issuing Lender in accordance
with Section 2.6(h).

 

(l)                
Permitted Maturity. Each FCI shall have an expiry date that complies with the definition of Permitted Maturity, unless
any such FCI does not provide for a specific expiry date, in which case the Commercial Lifetime of such FCI shall fall within the
Permitted Maturity.

 

(m)             
Joint Signature FCIs.

 

(i)                
If a Utilization Request has been made for an FCI to be issued as a Joint Signature FCI, then the relevant Borrower will
approach the relevant beneficiary to ascertain whether such beneficiary is prepared to accept a Joint Signature FCI. In case of
the beneficiary’s acceptance, the Foreign Trade Facility Agent will, in close coordination with such Borrower, select the
relevant Bilateral FCI Issuing Lenders or Participation FCI Issuing Lenders (the “Joint FCI Issuing Lenders”)
prepared to issue the Joint Signature FCI and acceptable to the beneficiary.

 

(ii)              
The Joint FCI Issuing Lenders so selected will then appoint one of the Joint FCI Issuing Lenders to act as their agent (the
“Joint Foreign Trade Facility Agent”) in connection with the Joint Signature FCI acting on terms to be agreed
between the Joint FCI Issuing Lenders and the Joint Foreign Trade Facility Agent pursuant to an agreement substantially in the
form of

 

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Schedule 2.6(m). The Joint
Foreign Trade Facility Agent shall be responsible for coordinating the Joint FCI Issuing Lenders and shall represent the Joint
FCI Issuing Lenders vis-à-vis the beneficiary, and the Joint Foreign Trade Facility Agent shall be responsible for
processing the Joint Signature FCI. In such capacity, the Joint Foreign Trade Facility Agent shall give to the Foreign Trade Facility
Agent the notices otherwise to be given by each FCI Issuing Lender hereunder, in particular under Sections 2.6(j), 2.6(k)(i),
2.6(p)(vi) and 2.6(s).

 

(iii)            
Any liability of the Joint FCI Issuing Lenders under a Joint Signature FCI, and the rights resulting from honoring a demand
made thereunder, shall be several. Each Joint FCI Issuing Lender shall be responsible for the proportionate amount demanded by
the beneficiary under a Joint Signature FCI in the proportion the amount of the Joint Signature FCI allocated to it bears to the
total Dollar Equivalent of such Joint Signature FCI. The Foreign Trade Facility Agent shall, with respect to the determination
of the utilization of the individual Bilateral FCI Issuing Commitment or individual Participation FCI Issuing Commitment, as applicable,
of each Joint FCI Issuing Lender and with respect to the calculation of any Excess Amount, treat each Joint FCI Issuing Lender
in the Joint Signature FCI as if each Joint FCI Issuing Lender had issued an FCI in the amount equal to the amount of its proportionate
amount of the Joint Signature FCI.

 

(n)               
Determination of Dollar Equivalent. On each Business Day on which any FCI is outstanding under this Agreement, or
there is any other FCI Issuing Lender Exposure, the Foreign Trade Facility Agent shall determine the amount of the Dollar Equivalent
of all outstanding FCIs and unreimbursed FCI Disbursements (in each case adjusted to reflect any repayment, prepayment or reversal
of any relevant FCI) on the basis of the foreign exchange rates for the previous Business Day which shall be determined as follows:

 

(i)                
if the conversion rate of the respective currency into Dollars is published on the internet page “www.db-markets.com”
(on the sub-page “Markets,” sub-page “FX Rates,” sub-page “DB Fixings” or on any other internet
page replacing such internet page), the calculation shall be based on the rates displayed on such internet page; and

 

(ii)              
if the conversion rate of the respective currency into Dollars is not published on the internet page “www.db-markets.com”
(on the sub-page “Markets,” sub-page “FX Rates,” sub-page “DB Fixings” or on any other internet
page replacing such internet page), the calculation shall be based on the previous month’s foreign exchange rates published
on the same internet page on the sub-page “DB Fixings” under the heading “Overview for Historic Rates”
for “End of month prices”.

 

If the relevant exchange
rate cannot be determined in accordance with clauses (i) or (ii) above, the Foreign Trade Facility Agent shall determine the appropriate
exchange rate in its reasonable discretion.

 

(o)               
Cash Cover.

 

(i)                
If, pursuant to a Daily Report issued on the last Business Day of any calendar month (each a “Rebasing Date”),
(A) the aggregate Dollar Equivalent of the FCI Issuing Lender Exposure of the Bilateral FCI Issuing Lenders exceeds the aggregate
amount of the Bilateral FCI Issuing Commitments of the Bilateral FCI Issuing Lenders, (B) the aggregate Dollar Equivalent of the
FCI Issuing Lender Exposure of the Participation FCI Issuing Lenders exceeds the aggregate amount of the Participation FCI Issuing
Commitments of the Participation FCI Issuing Lenders or the aggregate amount of the Participation FCI Commitments of the Lenders,
or (C) the aggregate Dollar Equivalent of the Participation FCIs and Participation Joint Signature FCIs

 

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outstanding plus the aggregate
Dollar Equivalent of the outstanding unreimbursed FCI Disbursements with respect to Participation FCIs exceeds the amount of the
Participation FCI Commitments of the Lenders, in each case, by more than $500,000 (any such exceeding amount being the “Excess
Amount”), the Foreign Trade Facility Agent shall request in writing from the Parent Borrower, within a period of five
Business Days following receipt of the respective Daily Report, Cash Cover with respect to such Excess Amount, and the Parent Borrower
shall, within a period of four Business Days following receipt of the demand from the Foreign Trade Facility Agent, provide for
Cash Cover in accordance with clause (iv) below. For the avoidance of doubt, this clause (i) shall be applicable even to the extent
any such Excess Amount results, in whole or in part, from fluctuation of currency exchange rates.

 

(ii)              
[Reserved].

 

(iii)            
If in respect of any Rebasing Date subsequent to a Rebasing Date in respect of which Cash Cover had been provided pursuant
to clause (i) above to the Foreign Trade Facility Agent, the Excess Amount (as shown in the relevant Daily Report) has been reduced
to zero (either through fluctuation of currency exchange rates or through the reduction or expiration of any FCIs), the Foreign
Trade Facility Agent shall release the whole or relevant part of the Cash Cover within three Business Days of the relevant Rebasing
Date.

 

(iv)             
If a Borrower is obliged to provide for Cash Cover under this Agreement, such Borrower shall pay the relevant amount for
which it shall provide Cash Cover in Dollars or in the Dollar Equivalent of the currency of the respective FCI for which Cash Cover
has to be provided to an account with the Foreign Trade Facility Agent, in the name of such Borrower or the Parent Borrower (at
the election of the Parent Borrower), to be maintained for the benefit of the Bilateral FCI Issuing Lenders or Participation FCI
Issuing Lenders and Lenders with a Participation FCI Commitment, as applicable (such deposited amount, the “Cash Cover”).
Such account shall be an interest bearing account in the name of such Borrower or the Parent Borrower (at the election of the Parent
Borrower) and such account shall be pledged to the Foreign Trade Facility Agent on the basis of a pledge agreement in form and
substance reasonably satisfactory to the Foreign Trade Facility Agent and such Borrower or the Parent Borrower, as applicable.
Notwithstanding the foregoing, no Foreign Subsidiary Borrower shall be required to deposit cash in support of any obligation of
any other Borrower and no collateral or other credit support provided by any Foreign Subsidiary Borrower shall serve as security
for any obligation of any other Borrower.

 

(v)               
If the term of any FCI extends beyond the Foreign Trade Maturity Date or other termination of this Agreement, including
if any obligation of any FCI Issuing Lender with respect to any FCI governed by the laws of the People’s Republic of China
or any other Governmental Authority extends beyond the Foreign Trade Maturity Date or other termination of this Agreement, the
applicable Borrower shall, on the earlier of the Foreign Trade Maturity Date or the date of such other termination of this Agreement,
do one of the following: (A) cause such FCI to be surrendered for cancellation to the applicable FCI Issuing Lender or (B) provide
Cash Cover (or other credit support reasonably satisfactory) to the Foreign Trade Facility Agent in an amount equal to at least
103% of the Dollar Equivalent of the Face Amount of such FCI or (C) provide the applicable FCI Issuing Lender with a back-up letter
of credit or other analogous undertaking on reasonably acceptable terms and conditions in an amount at least equal to 103% of the
Dollar Equivalent of the Face Amount of such FCI from a financial institution approved by the applicable FCI Issuing Lender or
Joint FCI Issuing Lender, if applicable (such approval not to be unreasonably withheld in accordance with such FCI Issuing Lender’s
or Joint FCI Issuing Lender’s existing banking practice consistently applied). Upon notice to the Foreign Trade Facility
Agent of the termination, reduction or expiration (without any pending drawing) of such

 

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FCI, the Foreign Trade Facility
Agent shall release the whole or relevant part of the Cash Cover (or other credit back-stop) within three Business Days of the
relevant date of termination, reduction or expiration, and the Foreign Trade Facility Agent shall use Cash Cover to promptly reimburse
any FCI Issuing Lender honoring any FCI.

 

(p)               
Fees; Termination.

 

(i)                
Commitment Fees. (A) The Parent Borrower agrees to pay (or to cause a Foreign Subsidiary Borrower to pay) to the
Foreign Trade Facility Agent, for the account of each Lender with a Participation FCI Commitment, a commitment fee (the “Participation
FCI Commitment Fee”) which shall accrue at the Applicable Rate on the average daily unused amount of each Participation
FCI Commitment of such Lender during the period from and including the Funding Date to but excluding the date on which the Participation
FCI Commitments terminate. Accrued Participation FCI Commitment Fees shall be paid quarterly in arrears on the last Business Day
of March, June, September and December of each year and on the date on which the Participation FCI Commitments terminate, commencing
on the first such date to occur after the Funding Date. Participation FCI Commitment Fees shall be computed on the basis of a year
of 365 days (or 366 days in a leap year) and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). (B) The Parent Borrower agrees to pay (or to cause a Foreign Subsidiary Borrower to pay) to each Bilateral
FCI Issuing Lender, a commitment fee (the “Bilateral FCI Commitment Fee”) which shall accrue at the Applicable
Rate (or such other rate as may be agreed in writing from time to time between the Parent Borrower and the applicable Bilateral
FCI Issuing Lender) on the average daily unused amount of the Bilateral FCI Issuing Commitment of such Bilateral FCI Issuing Lender
during the period from and including the Funding Date to but excluding the date on which such Bilateral FCI Issuing Commitment
terminates. Accrued Bilateral FCI Commitment Fees shall be paid quarterly in arrears on the last Business Day of March, June, September
and December of each year and on the date on which the Bilateral FCI Issuing Commitments terminate, commencing on the first such
date to occur after the Funding Date. Bilateral FCI Commitment Fees shall be computed on the basis of a year of 365 days (or 366
days in a leap year) and shall be payable for the actual number of days elapsed (including the first day but excluding the last
day).

 

(ii)              
Participation FCI Fee. (A) The Parent Borrower agrees to pay (or to cause a Foreign Subsidiary Borrower to pay) to
the Foreign Trade Facility Agent, for the account of each Lender with a Participation FCI Commitment, a participation fee (the
“Participation FCI Fee”) with respect to its participation in Participation FCIs, which shall accrue at the
Applicable Rate on the average daily Face Amount of each such Participation FCI outstanding (i.e. unexpired and not terminated)
during the period from and including the Funding Date to but excluding the later of the date on which such Lender’s Participation
FCI Commitment terminates and the date on which such Lender ceases to have any participation risk with respect to Participation
FCIs issued hereunder. Accrued Participation FCI Fees shall be paid quarterly in arrears on the last Business Day of March, June,
September and December of each year and on the date on which the Participation FCI Commitments terminate, commencing on the first
such date to occur after the Funding Date. Participation FCI Fees shall be computed on the basis of a year of 365 days (or 366
days in a leap year) and shall be payable for the actual number of days elapsed (including the first day but excluding the last
day).

 

(B)             
The Parent Borrower agrees to pay (or to cause a Foreign Subsidiary Borrower to pay) to each Bilateral FCI Issuing Lender,
a fee (the “Bilateral FCI Fee”) with respect to its issuance of Bilateral FCIs, which shall accrue at the Applicable
Rate (or such other rate as may be agreed in writing from time to time between the Parent

 

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Borrower and the applicable Bilateral
FCI Issuing Lender) on the average daily Face Amount of each such Bilateral FCI issued by such Bilateral FCI Issuing Lender and
outstanding (i.e. unexpired and not terminated) during the period from and including the date of issuance of any such Bilateral
FCI hereunder and the termination of any such Bilateral Joint Signature FCI; provided that any such Bilateral FCI Fees payable
to any Bilateral FCI Issuing Lender in respect of Trade LCs shall be reduced by the amount of any related Bilateral FCI Commitment
Fee payable in respect of the Bilateral FCI Issuing Commitment of such Bilateral FCI Issuing Lender utilized by the issuance of
such Trade LCs. Accrued Bilateral FCI Fees shall be paid quarterly in arrears on the last Business Day of March, June, September
and December of each year and on the date on which the Bilateral FCI Issuing Commitment terminates. Bilateral FCI Fees shall be
computed on the basis of a year of 365 days (or 366 days in a leap year) and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day).

 

(iii)            
Participation FCI Fronting Fee. With respect to each issuance of a Participation FCI requested by a Borrower, such
Borrower shall pay, in arrears for each calendar quarter in accordance with clause (vi) below, a fronting fee in the amount
of 0.25% per annum on the Dollar Equivalent of such Participation FCI (the “Participation FCI Fronting Fee”).
With respect to any such calculation, clause (i) above shall apply mutatis mutandis.

 

(iv)             
FCI Handling Fee. Each Borrower shall, with respect to the issuance or amendment of any FCI by an FCI Issuing Lender,
pay to such FCI Issuing Lender, quarterly in arrears in accordance with clause (vi) below, a handling fee of $150 with respect
to each FCI so issued, and $100 with respect to each FCI so amended, by such FCI Issuing Lender during the previous calendar quarter
(the “FCI Handling Fee”).

 

(v)               
Other Fees and Expenses. Each Borrower shall, within three Business Days following written demand from an FCI Issuing
Lender that has issued an FCI for such Borrower, reimburse such FCI Issuing Lender for all reasonable costs (including internal
costs) and expenses (including legal fees) incurred by such Lender and evidenced to such Borrower in connection with the handling
of any claims made against such Lender under any FCI issued by it.

 

(vi)             
Payment of Foreign Credit Fees. Each FCI Issuing Lender shall notify the Foreign Trade Facility Agent in writing
about the amount of all FCI Handling Fees payable by any Borrower with respect to each previous calendar quarter not later than
on the fifth Business Day of each calendar quarter. In the case of each FCI Issuing Lender, the notification needs to include only
the sum of all such fees payable to such FCI Issuing Lender and the respective amounts owing from each Borrower. The Foreign Trade
Facility Agent shall calculate the Participation FCI Commitment Fee, the Participation FCI Fee and the Participation FCI Fronting
Fee payable by the Borrowers with respect to the previous calendar quarter. The Foreign Trade Facility Agent shall, not later than
the seventh Business Day of each calendar quarter, inform the Parent Borrower in writing about the amount of the Participation
FCI Commitment Fee, Participation FCI Fee and the Participation FCI Fronting Fee payable with respect to the previous quarter and
the aggregate amount of the FCI Handling Fee, as notified to it by the FCI Issuing Lenders pursuant to the first sentence of this
clause (vi), and the Parent Borrower shall pay (or shall cause the relevant Borrower to pay) such amounts to the Foreign
Trade Facility Agent for distribution to the FCI Issuing Lenders and the applicable Lenders not later than the fifth Business Day
following the receipt by the Parent Borrower of the notification from the Foreign Trade Facility Agent.

 

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(vii)           
Termination. (A) With respect to each FCI issued and which is or under which claims are still outstanding on the
earlier of (I) the Foreign Trade Maturity Date or (II) the date of termination or cancellation of the Bilateral FCI Issuing Commitments
and/or Participation FCI Issuing Commitments and Participation FCI Commitments, as applicable, or (B) if an Event of Default has
occurred and is continuing, upon the request of the majority of the Lenders under the Foreign Trade Facility to the Foreign Trade
Facility Agent, the Parent Borrower or other relevant Borrower, will on such applicable date provide Cash Cover to (or other credit
support reasonably satisfactory to) the Foreign Trade Facility Agent in an amount equal to at least 103% of the Face Amount of
all such FCIs. Section 2.6(o)(v) shall apply mutatis mutandis; provided that for purposes of the foregoing
clause (B), if any Event of Default shall have occurred and any determination needs to be made by the majority of Lenders under
the Foreign Trade Facility under Article VII whether or not to require Cash Cover or other credit support, any Lender shall be
excluded for purposes of making a determination of such majority Lenders if such Lender notifies the Foreign Trade Facility Agent
that in the good faith judgment of such Lender failing to so exclude such amounts for such Lender would or might violate the German
Foreign Trade Act (Außenwirtschaftsgesetz) or EU Regulation (EC) 2271/96.

 

(q)               
Cancellation.

 

(i)                
The Parent Borrower may, by giving to the Administrative Agent, with a copy to the Foreign Trade Facility Agent, not less
than 3 Business Days’ prior written notice, cancel the whole or any part (being a minimum of $10,000,000, or a lesser amount
in the case of the cancellation of the entire remaining amount of any FCI Issuing Lender’s Bilateral FCI Issuing Commitment,
any FCI Issuing Lender’s Participation FCI Issuing Commitment, and/or any Lender’s Participation FCI Commitment) of
the then unused Bilateral FCI Issuing Commitments, Participation FCI Issuing Commitments and/or the Participation FCI Commitments
without premium or penalty (it being understood and agreed that any cancellation of the Participation FCI Commitments pursuant
to this Section 2.6(q) shall be done on a pro rata basis but a cancellation of a Bilateral FCI Issuing Commitment or a Participation
FCI Issuing Commitment need not be done on a pro rata basis).

 

(ii)              
If any FCI Issuing Lender claims a payment or indemnification from any Borrower under Section 2.17, the Parent Borrower
may (without prejudice to such claim), within 30 days thereafter and by not less than 15 days’ prior written notice to the
Administrative Agent, with a copy to the Foreign Trade Facility Agent, cancel such FCI Issuing Lender’s unused Bilateral
FCI Issuing Commitment and/or unused Participation FCI Issuing Commitment whereupon such FCI Issuing Lender shall cease to be obligated
to issue further Bilateral FCIs or Participation FCIs, as applicable, and its unused Bilateral FCI Issuing Commitment and/or unused
Participation FCI Issuing Commitment, as applicable, shall be reduced to zero. The remaining amount of such FCI Issuing Lender’s
Bilateral FCI Issuing Commitment and/or Participation FCI Issuing Commitment, as applicable, shall be cancelled automatically in
whole, or, as the case may be, in part with the receipt by the Foreign Trade Facility Agent of the Utilization Reduction Notice(s)
with respect to the Bilateral FCIs or Participation FCIs, as applicable, issued by such FCI Issuing Lender and still outstanding.

 

(iii)            
Any notice of cancellation given by the Parent Borrower pursuant to clause (i) or (ii) above shall be irrevocable and shall
specify the date upon which such cancellation is to be made and the amount of such cancellation; provided, however,
that any such notice of cancellation delivered by the Parent Borrower may state that such notice is conditioned upon the effectiveness
or closing of other credit facilities, debt financings or Dispositions, in which case such notice may be revoked or the date specified
therein extended by the Parent Borrower (by

 

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notice to the Administrative
Agent and the Foreign Trade Facility Agent on or prior to the specified effective date) if such condition is not satisfied.

 

(iv)             
Cancelled Bilateral FCI Issuing Commitments, Participation FCI Issuing Commitments, and Participation FCI Commitments cannot
be reinstated.

 

(r)                
Reports. (i) The Foreign Trade Facility Agent shall send to the FCI Issuing Lenders, Lenders with Participation FCI
Commitments, the Parent Borrower and the Administrative Agent, via e-mail to the addresses and persons notified for this purpose
by such Persons to the Foreign Trade Facility Agent,

 

(A)             
on each Business Day, a report (the “Daily Report”)

 

(I)       stating
the Dollar Equivalent for all outstanding Bilateral FCIs (other than Trade LCs) and outstanding Participation FCIs outstanding
as determined for such Business Day,

 

(II)       listing,
for each FCI Issuing Lender, as of such Business Day, the Dollar Equivalent of the outstanding FCIs (other than Trade LCs) issued
by such FCI Issuing Lender and the Dollar Equivalent of each such FCI Issuing Lender’s utilized Bilateral FCI Issuing Commitment
(without giving effect to the issuance of any Trade LCs) and/or Participation FCI Issuing Commitment, as applicable, and

 

(III)       containing
further information about the utilization of the Foreign Trade Facility (without giving effect to the issuance of any Trade LCs),
in substantially the form set out in Schedule 2.6(r),

 

(B)             
on each Business Day, a daily activity report of the previous Business Day, in a form as substantially set out in Schedule
2.6(r), and

 

(C)             
not later than the fifth Business Day of each calendar month, a report stating all expired FCIs and all FCIs expiring within
such month, in each case, without giving effect to the issuance of any Trade LCs.

 

(ii)              
The Parent Borrower and each FCI Issuing Lender shall inform the Foreign Trade Facility Agent by 5:00 p.m., Düsseldorf
time, on the fifth Business Day following receipt of any such report if it does not agree with any information contained in such
report.

 

(iii)            
The applicable Borrowers shall use commercially reasonable efforts to achieve the return of expired FCIs to the applicable
FCI Issuing Lenders and the applicable FCI Issuing Lenders shall (at the applicable Borrower’s cost and expense) use commercially
reasonable efforts to support the applicable Borrower’s efforts to achieve such return.

 

(s)                
Unreimbursed FCI Disbursements. Each FCI Issuing Lender shall promptly notify the Foreign Trade Facility Agent and
the Administrative Agent of any FCI Disbursement of such FCI Issuing Lender that has not been reimbursed by or on behalf of the
relevant Borrower and shall include in such notice (i) the date of the FCI Disbursement, (ii) the name of the relevant Borrower
and (iii) the amount (including the currency) of such FCI Disbursement and the Dollar Equivalent thereof as calculated by such
FCI Issuing Lender in accordance with this Agreement.

 

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(t)                
Additional FCI Issuing Lenders. Upon notice to the Administrative Agent and the Foreign Trade Facility Agent (which
shall promptly notify the Lenders with Participation FCI Commitments with respect to any addition of a Participation FCI Issuing
Lender), the Parent Borrower may designate additional FCI Issuing Lenders to (i) provide additional Bilateral FCI Issuing Commitments
hereunder and/or designate existing Bilateral FCI Issuing Lenders to provide an increase to its existing Bilateral FCI Issuing
Commitment hereunder and/or (ii) provide additional Participation FCI Issuing Commitments hereunder and/or designate existing Participation
FCI Issuing Lenders to provide an increase to its existing Participation FCI Issuing Commitment hereunder. No Person shall have
any obligation hereunder to become such an additional FCI Issuing Lender or to provide any such additional or increased Bilateral
FCI Issuing Commitment or Participation FCI Issuing Commitment. The FCI Issuing Lender or other Person that in its sole discretion
agrees to provide any such increased or additional Bilateral FCI Issuing Commitment and/or Participation FCI Issuing Commitment
shall enter into an FCI Issuing Lender Joinder Agreement with completions reasonably acceptable to the Administrative Agent, the
Foreign Trade Facility Agent and the Parent Borrower. No such designation shall be made to (i) the Parent Borrower or the Parent
Borrower’s Affiliates or Subsidiaries or (ii) a natural person. Upon consummation of any such FCI Issuing Lender Joinder
Agreement, Schedule 1.1A shall be deemed revised to reflect the applicable Bilateral FCI Issuing Commitment and/or Participation
FCI Issuing Commitment added pursuant to such FCI Issuing Lender Joinder Agreement. If all the conditions precedent to issuance
of a new FCI are satisfied, then in lieu of issuing a new FCI, such additional Bilateral FCI Issuing Lender or Participation FCI
Issuing Lender may, at the written request of the Parent Borrower or the applicable Foreign Subsidiary Borrower and with the written
consent of the Foreign Trade Facility Agent, roll into the Bilateral Foreign Trade Facility or the Foreign Trade Facility, as applicable,
an outstanding undertaking that meets all of the requirements to be an FCI hereunder, in which case such undertaking shall thereafter
be treated as if it were issued hereunder, and such Bilateral FCI Issuing Lender or Participation FCI Issuing Lender, as applicable,
shall be deemed to represent and warrant that each such FCI that is rolled into the Bilateral Foreign Trade Facility or the Foreign
Trade Facility, as applicable, complies with Section 2.6(c), Section 2.6(d), Section 2.6(e) and Section
2.6(f), as applicable.

 

(u)               
Transfer of FCIs. If the Bilateral FCI Issuing Commitment is increased pursuant to Section 2.1(b), the Parent
Borrower shall have the option of transferring existing Participation FCIs from the Participation FCI Issuing Commitment of an
FCI Issuing Lender to the Bilateral FCI Issuing Commitment of the same FCI Issuing Lender; provided that after giving effect
to any such transfer, (i) the outstanding aggregate principal amount of the Bilateral FCIs under the Bilateral Foreign Trade Facility
(plus any unreimbursed FCI Disbursements of Bilateral FCIs) does not exceed the Bilateral FCI Issuing Commitment and (ii) the outstanding
aggregate principal amount of the Bilateral FCIs under the Bilateral Foreign Trade Facility (plus any unreimbursed FCI Disbursements
of Bilateral FCIs) of each Bilateral FCI Issuing Lender shall not exceed its Bilateral FCI Issuing Commitment. The Parent Borrower
may also transfer existing Bilateral FCIs from the Bilateral FCI Issuing Commitment of an FCI Issuing Lender to the Participation
FCI Issuing Commitment of the same FCI Issuing Lender; provided that after giving effect to any such transfer, (i) the outstanding
aggregate principal amount of the Participation FCIs under the Foreign Trade Facility (plus any unreimbursed FCI Disbursements
of Participation FCIs) shall not exceed (A) the aggregate Participation FCI Issuing Commitments or (B) the aggregate Participation
FCI Commitments, and (ii) the outstanding aggregate principal amount of the Participation FCIs under the Foreign Trade Facility
of any FCI Issuing Lender shall not exceed the Participation FCI Issuing Commitment of such FCI Issuing Lender. Any transfer described
in either of the preceding two sentences shall be subject to notice to the Foreign Trade Facility Agent and the participations
provided for in Section 2.6(i) shall be automatically adjusted to reflect such transfer. Additionally, any transfer of any
Participation FCI from a Participation FCI Issuing Commitment to a Bilateral FCI Issuing Commitment shall be subject to the consent
of the Bilateral FCI Issuing Lender that issued such FCI.

 

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Section 2.7           
Funding of Borrowings.

 

(a)           
Each Lender shall make each Loan (other than any Incremental Term Loan) to be made by it hereunder on the proposed date
thereof by wire transfer to the Administrative Agent in same day funds at the Administrative Agent’s Office for the applicable
currency most recently designated by it for such purpose by notice to the Lenders, in immediately available funds, not later than
12:00 noon, New York City time, in the case of any Loan denominated in Dollars and not later than the Applicable Time specified
by the Administrative Agent in the case of any Loan denominated in an Alternative Currency; provided that Swingline Loans
shall be made as provided in Section 2.4. The Administrative Agent will make such Loans available to the relevant Borrower
by wiring the amounts so received, in like funds, to an account designated by such Borrower in the applicable Borrowing Request;
provided that (i) ABR Domestic Revolving Loans made to finance the reimbursement of a Financial LC Disbursement as provided
in Section 2.5(e)(i) shall be remitted by the Administrative Agent to the applicable Issuing Lender and (ii) ABR Global
Revolving Loans made to finance the reimbursement of a Non-Financial LC Disbursement as provided in Section 2.5(e)(i) shall
be remitted by the Foreign Trade Facility Agent to the applicable Issuing Lender. Any funding of Incremental Term Loans shall be
made pursuant to such procedures as shall be agreed to by the Parent Borrower, the relevant Incremental Term Lenders and the Administrative
Agent.

 

(b)          
Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that
such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative
Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section
and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount in the required currency.
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 in such currency, 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 such Lender, the greater of the Federal
Funds Effective Rate and a rate determined by the Administrative Agent to represent its cost of overnight or short-term funds in
the relevant currency (which determination shall be conclusive absent manifest error) or (ii) in the case of a Borrower, the interest
rate applicable to such Borrowing. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute
such Lender’s Loan included in such Borrowing.

 

Section 2.8           
Interest Elections.

 

(a)            Each Revolving Borrowing, each Term Loan A Borrowing and each Incremental Term Loan Borrowing initially shall be of the
Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing, shall have an initial Interest
Period as specified in such Borrowing Request. Thereafter, a Borrower may elect to convert such Borrowing to a different Type or
to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in
this Section. A Borrower may elect different options with respect to different portions of the affected Borrowing, in which case
each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising
each such portion shall be considered a separate Borrowing. Notwithstanding the foregoing, a Borrower may not (i) elect to convert
the currency in which any Loans are denominated, (ii) elect to convert Loans denominated in Alternative Currencies from Eurocurrency
Loans to ABR Loans, (iii) elect an Interest Period for Eurocurrency Loans that does not comply with Section 2.2(d), (iv)
elect to convert any ABR Loans to Eurocurrency Loans that would result in the number of Eurocurrency Borrowings exceeding the maximum
number of Eurocurrency Borrowings permitted under Section 2.2(c), (v) elect an Interest Period for Eurocurrency Loans unless
the

 

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aggregate outstanding principal amount
of Eurocurrency Loans (including any Eurocurrency Loans made to such Borrower in the same currency on the date that such Interest
Period is to begin) to which such Interest Period will apply complies with the requirements as to minimum principal amount set
forth in Section 2.2(c) or (vi) elect to convert or continue any Swingline Borrowings.

 

(b)           To make an election pursuant to this Section, a Borrower shall notify the Administrative Agent of such election by telephone
by the time that a Borrowing Request would be required under Section 2.3 if such Borrower were requesting a Borrowing of
Domestic Revolving Loans or Global Revolving Loans of the Type resulting from such election to be made on the effective date of
such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by delivery
to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by
the relevant Borrower.

 

(c)            Each telephonic and written Interest Election Request shall specify the following information in compliance with Section
2.3 and paragraph (a) of this Section: (i) the Borrowing to which such Interest Election Request applies; (ii) the effective
date of the election made pursuant to such Interest Election Request, which shall be a Business Day; (iii) whether the resulting
Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and (iv) if the resulting Borrowing is a Eurocurrency Borrowing,
the Interest Period to be applicable thereto after giving effect to such election. If any such Interest Election Request requests
a Eurocurrency Borrowing but does not specify an Interest Period, then the relevant Borrower shall be deemed to have selected an
Interest Period of one month’s duration.

 

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

 

(e)            If the relevant Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing denominated
in Dollars prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein,
at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. If the relevant Borrower fails to deliver
a timely Interest Election Request with respect to a Eurocurrency Borrowing denominated in any Alternative Currency prior to the
end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest
Period such Borrowing shall automatically continue as a Eurocurrency Loan having an Interest Period of one month. Notwithstanding
any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request
of the Required Lenders, so notifies the Parent Borrower, then, so long as an Event of Default is continuing (i) no outstanding
Borrowing denominated in Dollars may be converted to or continued as a Eurocurrency Borrowing, (ii) unless repaid, each Eurocurrency
Borrowing denominated in Dollars shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto and
(iii) no Borrowing denominated in an Alternative Currency having an Interest Period in excess of one month may be made or continued.

 

Section 2.9            Termination
and Reduction of Commitments.

 

(a)            (i) The Domestic Revolving Commitments shall terminate on the Domestic Revolving Maturity Date, (ii) the Global Revolving
Commitments shall terminate on the Global Revolving Maturity Date, (iii) the Bilateral FCI Issuing Commitments, the Participation
FCI Issuing Commitments and the Participation FCI Commitments shall terminate on the Foreign Trade Maturity Date and (iv) the Term
Loan A Commitments shall terminate on the Third Amendment Effective Date.

 

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(b)           The Parent Borrower may at any time terminate, or from time to time reduce, the Commitments of any Class; provided
that (i) each reduction of the Commitments (other than Bilateral FCI Issuing Commitments or Participation FCI Issuing Commitments)
of any Class shall be in an amount that is an integral multiple of $1,000,000 and not less than $10,000,000, (ii) the Parent Borrower
shall not terminate or reduce (A) the Domestic Revolving Commitments if, after giving effect to any concurrent prepayment of the
Domestic Revolving Loans in accordance with Section 2.12, the Domestic Revolving Exposure would exceed the total Domestic
Revolving Commitments, (B) the Global Revolving Commitments if, after giving effect to any concurrent prepayment of the Global
Revolving Loans in accordance with Section 2.12, the Global Revolving Exposure would exceed the total Global Revolving Commitments,
(C) the Participation FCI Issuing Commitments or the Participation FCI Commitments if the Total Foreign Trade Exposure with respect
to the Participation FCIs would exceed (1) the total Participation FCI Issuing Commitments or (2) the total Participation FCI Commitments
or (D) the Bilateral FCI Issuing Commitments if the Total Foreign Trade Exposure with respect to the Bilateral FCIs would exceed
the total Bilateral FCI Issuing Commitments and (iii) each termination or reduction of Participation FCI Issuing Commitments, Participation
FCI Commitments or Bilateral FCI Issuing Commitments shall be made in accordance with Section 2.6(q).

 

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

 

Section 2.10          Evidence
of Debt.

 

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

 

(b)            The Administrative Agent, on behalf of the Borrowers, shall maintain the Register pursuant to Section 9.4(c) and
a subaccount for each Lender in which it shall record (i) the amount of each Loan made hereunder (whether or not evidenced by a
promissory note), the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal and/or
interest due and payable or to become due and payable from each Borrower to each Lender hereunder and (iii) the amount of any sum
received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. The Foreign
Trade Facility Agent shall maintain records in which it shall record all relevant details about each FCI issued hereunder and,
upon the request of the Administrative Agent, the Foreign Trade Facility Agent shall make such records (or copies thereof) available
to the Administrative Agent.

 

(c)            The entries made in the Register maintained pursuant to paragraph (b) of this Section shall be prima facie
evidence of the existence and amounts of the obligations recorded therein; provided that the failure of the Administrative
Agent to maintain such accounts or any error therein shall not in any

 

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manner affect the obligation of any Borrower
to repay the Loans in accordance with the terms of this Agreement.

 

(d)           Upon the request of any Lender made through the Administrative Agent, each Borrower shall execute and deliver to such Lender
(through the Administrative Agent) a promissory note, which shall evidence such Lender’s Loans in addition to such accounts
or records. Each such promissory note shall (i) in the case of Domestic Revolving Loans, be in the form of Exhibit I (a
“Domestic Revolving Note”), (ii) in the case of Global Revolving Loans, be in the form of Exhibit J (a
“Global Revolving Note”), (iii) in the case of the Term Loan A, be in the form of Exhibit K (a “Term
A Note”), (iv) in the case of Swingline Loans, be in the form of Exhibit L (a “Swingline Note”)
and (v) in the case of Incremental Term Loans, be in the form of Exhibit M (an “Incremental Term Note”).
Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount, currency and maturity
of its Loans and payments with respect thereto.

 

Section 2.11          Repayment
of Loans.

 

(a)            The Parent Borrower shall repay any Incremental Term Loans in consecutive installments (which shall be no more frequent
than quarterly) as specified in the applicable Incremental Facility Activation Notice pursuant to which such Incremental Term Loans
were made; provided that the weighted average life to maturity of any Incremental Term Loans shall not be shorter than the
then-remaining weighted average life to maturity of any then-existing Term Loans; provided, further, that, the limitation
in the immediately preceding proviso shall not apply to bridge Indebtedness incurred by the Parent Borrower, so long as (i) at
the initial maturity of such bridge Indebtedness, such bridge Indebtedness shall automatically convert to (or would be required
to be exchanged for) Indebtedness that complies with the limitation in the immediately preceding proviso, and (ii) the only prepayments
required to be made on such bridge Indebtedness shall be such prepayments as are customary for similar bridge financings in light
of then-prevailing market conditions (as determined by the Parent Borrower in consultation with the Administrative Agent).

 

(b)           The Parent Borrower shall repay (i) the then unpaid principal amount of the Domestic Revolving Loans on the Domestic Revolving
Maturity Date and (ii) the then unpaid principal amount of each Swingline Loan on the earlier of the Domestic Revolving Maturity
Date and the first date after such Swingline Loan is made that is the last Business Day of a calendar month and is at least two
Business Days after such Swingline Loan is made; provided that on each date that a Borrowing of Domestic Revolving Loans
is made, the Parent Borrower shall repay all Swingline Loans then outstanding.

 

(c)            Each Borrower shall repay the then unpaid principal amount of the Global Revolving Loans applicable to such Borrower on
the Global Revolving Maturity Date.

 

(d)           The Parent Borrower shall repay the outstanding principal amount of the Term Loan A in quarterly installments on the last
Business Day of each March, June, September and December, in each case, in the respective amounts set forth in the table below
(as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.12) with the outstanding
principal balance of the Term Loan A due in full on the Term Loan A Maturity Date, unless accelerated sooner pursuant to Article
VII:

 

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	Payment Date (last Business 

Day of):	Principal Repayment 

Installment
	March, 2020	$0.00
	June, 2020	$0.00
	September, 2020	$0.00
	December, 2020	$0.00
	March, 2021	$1,562,500.00
	June, 2021	$1,562,500.00
	September, 2021	$1,562,500.00
	December, 2021	$1,562,500.00
	March, 2022	$3,125,000.00
	June, 2022	$3,125,000.00
	September, 2022	$3,125,000.00
	December, 2022	$3,125,000.00
	March, 2023	$3,125,000.00
	June, 2023	$3,125,000.00
	September, 2023	$3,125,000.00
	December, 2023	$3,125,000.00
	March, 2024	$3,125,000.00
	June, 2024	$3,125,000.00
	September, 2024	$3,125,000.00
	Term Loan A Maturity Date	Outstanding Principal Balance of Term Loan A

 

Section 2.12          Prepayment
of Loans.

 

(a)            Each Borrower may, upon notice to the Administrative Agent pursuant to delivery to the Administrative Agent of a Notice
of Loan Prepayment, at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty subject
to Section 2.18; provided that, unless otherwise agreed by the Administrative Agent, (i) such notice must be received
by the Administrative Agent not later than 11:00 a.m. (A) three (3) Business Days prior to any date of prepayment of Eurocurrency
Loans and (B) on the date of prepayment of ABR Loans; (ii) any prepayment of Eurocurrency Loans shall be in a principal amount
of $10,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment of ABR Loans shall be in a principal
amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof or, in each case, if less, the entire principal amount
thereof then outstanding. Each such notice shall specify the date, the currency and amount of such prepayment and the Type(s) of
Loans to be prepaid and, if Eurocurrency Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent
will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of
such prepayment (based on such Lender’s Applicable Percentage in respect of the relevant Facility). If such notice is given
by a Borrower, such Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable
on the date specified therein. Any prepayment of principal shall be accompanied by all accrued interest on the amount prepaid,
together with any additional amounts required pursuant to Section 2.18. Each prepayment of the outstanding Term Loans pursuant
to this Section 2.12(a) shall be applied to the principal repayment installments thereof as directed by the Parent Borrower.
Subject to Section 2.24, such prepayments shall be paid to the Lenders in accordance with their respective Applicable Percentages
in respect of each of the relevant Facilities.

 

(b)           The Parent Borrower may, upon notice to the Swingline Lender pursuant to delivery to the Swingline Lender of a Notice of
Loan Prepayment (with a copy to the Administrative Agent), at any

 

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time or from time to time, voluntarily
prepay Swingline Loans in whole or in part without premium or penalty; provided that, unless otherwise agreed by the Swingline
Lender, (i) such notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the date
of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $100,000
in excess hereof (or, if less, the entire principal thereof then outstanding). Each such notice shall specify the date and amount
of such prepayment. If such notice is given by the Parent Borrower, the Parent Borrower shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of principal shall be accompanied
by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 2.18.

 

(c)            If on any date any Net Proceeds are received by or on behalf of the Parent Borrower or any Restricted Subsidiary in respect
of any Prepayment Event, the Parent Borrower shall, within ten Business Days after such Net Proceeds are received, apply an amount
equal to the aggregate amount of such Net Proceeds, first, to prepay the Term Loans in the manner and the order as directed
in writing by the Parent Borrower to the Administrative Agent (provided that in the case of any excess cash flow mandatory
prepayment required in connection with any Incremental Term Loans as permitted under Section 2.1(b), such prepayment shall
be applied ratably to all Term Loans and to the principal repayment installments thereof on a pro rata basis), and second,
(after the Term Loans have been paid in full) to the Domestic Revolving Loans and/or the Global Revolving Loans as directed in
writing by the Parent Borrower to the Administrative Agent (without a corresponding permanent reduction in the aggregate Domestic
Revolving Commitments or the aggregate Global Revolving Commitments); provided that, in the case of any event described
in clause (a) or (b) of the definition of the term Prepayment Event, if the Parent Borrower shall deliver to the Administrative
Agent a certificate of a Financial Officer to the effect that the Parent Borrower and the Restricted Subsidiaries intend to apply
the Net Proceeds from such event (“Reinvestment Net Proceeds”) within 360 days after receipt of such Net Proceeds,
to make Permitted Acquisitions or Investments permitted by Section 6.5 or acquire real property, equipment or other assets
to be used in the business of the Parent Borrower and the Restricted Subsidiaries, and certifying that no Default or Event of Default
has occurred and is continuing, then no prepayment shall be required pursuant to this paragraph in respect of such event except
to the extent of any Net Proceeds therefrom that have not been so applied by the end of such 360-day period (or, with respect to
any Net Proceeds received in connection with the Dry Cooling Disposition, by the end of the period ending 720 days after receipt
of such Net Proceeds from the Dry Cooling Disposition) (or, with respect to Net Proceeds which are committed to be reinvested within
such 360-day period (or such 720-day period, in the case of the Dry Cooling Disposition), except to the extent of any such Net
Proceeds that have not been actually reinvested within 180 days after the end of such 360-day period (or, with respect to the Dry
Cooling Disposition, within 180 days after the end of such 720-day period)), at which time a prepayment shall be required in an
amount equal to the Net Proceeds that have not been so applied. Notwithstanding the foregoing, from and after the date during any
fiscal year of the Parent Borrower on which the aggregate gross proceeds (inclusive of amounts of the type described in the first
parenthetical of Section 6.6(e)) from Dispositions pursuant to Section 6.6(e) received during such fiscal year exceed
the aggregate amount for such fiscal year specified in clause (i) of the proviso in Section 6.6(e), the Net Proceeds
from each subsequent Prepayment Event occurring during such fiscal year resulting from Dispositions pursuant to Section 6.6(e)
(and a ratable amount of Net Proceeds from any Prepayment Event that first causes the aforementioned threshold to be exceeded,
which ratable amount shall be determined by reference to a fraction, the numerator of which shall be the portion of the gross proceeds
from such Prepayment Event representing the excess above such threshold and the denominator of which shall be the aggregate gross
proceeds from such Prepayment Event) may not be treated as Reinvestment Net Proceeds.

 

(d)            If on any Determination Date relating to the Global Revolving Facility, the Total Global Exposure exceeds the total Global
Revolving Commitments by more than $500,000, the Parent Borrower

 

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shall, upon notice by the Administrative
Agent, within three Business Days after such Determination Date, prepay (or cause the relevant Foreign Subsidiary Borrower to prepay)
the Borrowings of Global Revolving Loans (or, if no such Borrowings are outstanding, deposit cash collateral in an account with
the Foreign Trade Facility Agent pursuant to Section 2.5(j)(ii)) in an aggregate amount such that, after giving effect thereto,
the Total Global Exposure does not exceed the total Global Revolving Commitments. If on any Determination Date relating to the
Domestic Revolving Facility, the Total Domestic Exposure exceeds the total Domestic Revolving Commitments, the Parent Borrower
shall, without notice or demand, within three Business Days after such Determination Date, prepay (or cause the relevant Foreign
Subsidiary Borrower to prepay) the Borrowings of Domestic Revolving Loans or Swingline Borrowings (or, if no such Borrowings are
outstanding, deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.5(j)(i)) in an aggregate
amount such that, after giving effect thereto, the Total Domestic Exposure does not exceed the total Domestic Revolving Commitments.

 

(e)            A Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy promptly thereafter) of any prepayment
hereunder (i) in the case of prepayment of a Eurocurrency Borrowing, not later than 11:00 a.m., New York City time (or 11:00 a.m.,
London time, as applicable), three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing,
not later than 11:00 a.m. on the Business Day of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than
12:00 noon on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, the principal
amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation
of the amount of such prepayment; provided that, if a notice of optional prepayment is given in connection with a conditional
notice of termination of the Domestic Revolving Commitments or the Global Revolving Commitments as contemplated by Section 2.9,
then such notice of prepayment may be revoked (or the date specified therein extended) if such notice of termination is revoked
(or the date specified therein extended) in accordance with Section 2.9. Promptly following receipt of any such notice (other
than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Lenders of the contents thereof. Each
partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the
same Type as provided in Section 2.2, except as necessary to apply fully the required amount of a mandatory prepayment.

 

Section 2.13          Certain
Payment Application Matters.

 

(a)            Each repayment or prepayment of a Borrowing by any Borrower shall be applied ratably to the Loans included in the repaid
Borrowing of such Borrower. It is understood that, in the case of Global Revolving Loans, the relevant Borrower may select the
particular currency of Loans to be prepaid, and such prepayment shall then be applied ratably to such Loans. Repayments and prepayments
of Borrowings shall be accompanied by accrued interest on the amount repaid.

 

(b)            Each mandatory prepayment of any Term Loans shall be applied among the Classes of the Term Loans as directed in writing
by the Parent Borrower to the Administrative Agent and to the installments thereof in each case in the order as directed in writing
by the Parent Borrower to the Administrative Agent. Any optional prepayment of any Term Loans shall be applied to the installments
of the applicable Term Loans in each case in the order as directed in writing by the Parent Borrower to the Administrative Agent.

 

Section 2.14         
Fees.

 

(a)            The Parent Borrower agrees to pay to the Administrative Agent for the account of each relevant Lender (i) a commitment fee
(the “Domestic Revolving Commitment Fee”), which shall accrue at the Applicable Rate on the actual daily unused
amount of the Domestic Revolving Commitment of

 

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such Lender during the period from and
including the Funding Date to but excluding the Domestic Revolving Maturity Date and (ii) a commitment fee (the “Global
Revolving Commitment Fee”), which shall accrue at the Applicable Rate on the actual daily unused amount of the Global
Revolving Commitment of such Lender during the period from and including the Funding Date to but excluding the Global Revolving
Maturity Date. Accrued commitment fees shall be payable in arrears on the last Business Day of March, June, September and December
of each year and on the Domestic Revolving Maturity Date and the Global Revolving Maturity Date, as applicable, commencing on the
first such date to occur after the Funding Date. Domestic Revolving Commitment Fees and Global Revolving Commitment Fees shall
be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first
day but excluding the last day). For purposes of computing commitment fees (x) in respect of the Domestic Revolving Commitments,
the Domestic Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Domestic Revolving Loans
and Financial LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose) and
(y) in respect of the Global Revolving Commitments, the Global Revolving Commitments of a Lender shall be deemed to be used to
the extent of the outstanding Global Revolving Loans and Non-Financial LC Exposure of such Lender. For the avoidance of doubt,
the Participation FCI Commitment Fee is set forth in Section 2.6(p)(i).

 

(b)          Each Borrower agrees to pay:

 

(i)             to the Administrative Agent for the account of each Domestic Revolving Lender a participation fee with respect to its participations
in Financial Letters of Credit (“Financial Letter of Credit Fees”), which shall accrue at the Applicable Rate
on the actual daily amount of such Lender’s Financial LC Exposure (excluding any portion thereof attributable to unreimbursed
Financial LC Disbursements) during the period from and including the Funding Date to but excluding the later of the date on which
such Lender’s Domestic Revolving Commitment terminates and the date on which such Lender ceases to have any Financial LC
Exposure; provided, however, any Financial Letter of Credit Fees otherwise payable for the account of a Defaulting Lender
with respect to any Financial Letter of Credit as to which such Defaulting Lender has not provided cash collateral satisfactory
to the applicable Issuing Lender pursuant to Section 2.5(j)(i) shall be payable, to the maximum extent permitted by applicable
laws, to the other Lenders with Domestic Revolving Commitments in accordance with the upward adjustments in their respective Applicable
Percentages allocable to such Financial Letter of Credit pursuant to Section 2.24(a)(iv), with the balance of such fee,
if any, payable to the applicable Issuing Lender for its own account;

 

(ii)            to the Foreign Trade Facility Agent for the account of each Global Revolving Lender a participation fee with respect to
its participations in Non-Financial Letters of Credit (“Non-Financial Letter of Credit Fees”), which shall accrue
at the Applicable Rate on the actual daily amount of such Lender’s Non-Financial LC Exposure (excluding any portion thereof
attributable to unreimbursed Non-Financial LC Disbursements) during the period from and including the Funding Date to but excluding
the later of the date on which such Lender’s Global Revolving Commitment terminates and the date on which such Lender ceases
to have any Non-Financial LC Exposure; provided, however, any Non-Financial Letter of Credit Fees otherwise payable for
the account of a Defaulting Lender with respect to any Non-Financial Letter of Credit as to which such Defaulting Lender has not
provided cash collateral satisfactory to the applicable Issuing Lender pursuant to Section 2.5(j)(ii) shall be payable,
to the maximum extent permitted by applicable laws, to the other Lenders with Global Revolving Commitments in accordance with the
upward adjustments in their respective Applicable Percentages allocable to such Non-Financial Letter of Credit pursuant to Section
2.24(a)(iv), with the balance of such fee, if any, payable to the applicable Issuing Lender for its own account;

 

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(iii)           to the applicable Issuing Lender a fronting fee, which shall accrue at the rate of (A) with respect to Financial Letters
of Credit, 0.125% per annum on the actual daily amount of the Financial LC Exposure (excluding any portion thereof attributable
to unreimbursed Financial LC Disbursements) during the period from and including the Funding Date to but excluding the later of
the date of termination of the Domestic Revolving Commitments and the date on which there ceases to be any Financial LC Exposure,
as well as such Issuing Lender’s standard fees with respect to the issuance, amendment, renewal or extension of any Financial
Letter of Credit or processing of drawings thereunder, and (B) with respect to Non-Financial Letters of Credit, 0.250% per annum
on the actual daily amount of the Non-Financial LC Exposure (excluding any portion thereof attributable to unreimbursed Non-Financial
LC Disbursements) during the period from and including the Funding Date to but excluding the later of the date of termination of
the Global Revolving Commitments and the date on which there ceases to be any Non-Financial LC Exposure, as well as such Issuing
Lender’s standard fees with respect to the issuance, amendment, renewal, or extension of any Non-Financial Letter of Credit
or processing of drawings thereunder; and

 

(iv)           to the applicable FCI Issuing Lender and the other Lenders, the fees set forth in Section 2.6(p).

 

Participation fees and fronting fees pursuant
to clauses (i), (ii) and (iii) above accrued through and including the last day of March, June, September and December of each
year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Funding
Date; provided that all such fees shall be payable on the date on which the Domestic Revolving Commitments or the Global
Revolving Commitments, as applicable, terminate and any such fees accruing after the date on which the Domestic Revolving Commitments
or the Global Revolving Commitments, as applicable, terminate shall be payable on demand. Except as otherwise provided in Section
2.6(p), any other fees payable to the applicable Issuing Lender or FCI Issuing Lender pursuant to this Section 2.14(b)
shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year
of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For
the purposes of calculating the actual daily amount of the Financial LC Exposure or Non-Financial LC Exposure for any period under
this Section 2.14(b), the actual daily amount of the Alternative Currency Financial LC Exposure or Alternative Currency
Non-Financial LC Exposure for such period shall be calculated by multiplying (x) the actual daily balance of each Alternative Currency
Letter of Credit (expressed in the currency in which such Alternative Currency Letter of Credit is denominated) by (y) the Exchange
Rate for each such Alternative Currency in effect on the last Business Day of such period or by such other reasonable method that
the Administrative Agent deems appropriate.

 

(c)            The Parent Borrower agrees to pay to BofA Securities, for its own account, fees payable in the amounts and at the times
separately agreed in writing between the Parent Borrower and BofA Securities.

 

(d)            The Parent Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the
times specified in the Fee Letter.

 

(e)            The Parent Borrower agrees to pay to the Foreign Trade Facility Agent, for its own account, fees payable in the amounts
and at the times specified in the Deutsche Bank Fee Letter.

 

(f)             All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or
to the applicable Issuing Lender, applicable FCI Issuing Lender or the Foreign Trade Facility Agent, in the case of fees payable
to it) for distribution, in the case of commitment

 

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fees and participation fees, to the Lenders
entitled thereto. Except as otherwise provided in Section 2.6(p), fees paid shall not be refundable under any circumstances.

 

Section 2.15          Interest.

 

(a)            ABR Loans shall bear interest at the Alternate Base Rate plus the Applicable Rate.

 

(b)            Eurocurrency Loans shall bear interest at the Adjusted Eurocurrency Rate for the applicable Interest Period plus the Applicable
Rate.

 

(c)            Notwithstanding the foregoing, if any principal of or interest (or premium, if any) on any Loan or any fee or other amount
payable by any Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue
amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal
of any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii)
in the case of any other amount (except as specified in Section 2.6(h)(ii)), 2% plus the rate applicable to ABR Revolving
Loans as provided in paragraph (a) of this Section (or, in the case of amounts denominated in any Alternative Currency under
the Global Revolving Facility, the rate that would apply to Loans in such currency pursuant to clause (i) above), in each
case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in
full (as well after as before judgment).

 

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

 

(e)            All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference
to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year) or, in the case of
interest in respect of Loans denominated in Alternative Currencies as to which market practice differs from the foregoing, in accordance
with such market practice, and in each case shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). The applicable Alternate Base Rate or Adjusted Eurocurrency Rate shall be determined by the Administrative
Agent, and such determination shall be conclusive absent manifest error, it being understood and agreed that the Administrative
Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration,
submission or any other matter related to the rates in the definition of “Eurocurrency Rate” or with respect to any
rate that is an alternative or replacement for or successor to any of such rate (including any LIBOR Successor Rate) or the effect
of any of the foregoing, or of any LIBOR Successor Rate Conforming Changes.

 

(f)             If, as a result of any restatement of or other adjustment to the financial statements of the Parent Borrower or for any
other reason, the Parent Borrower or the Administrative Agent at the direction of the Required Lenders determine that (i) the Consolidated
Leverage Ratio as calculated by the Parent

 

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Borrower as of any applicable date was
inaccurate and (ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period,
the Parent Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the
applicable Lenders, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an
order for relief with respect to the Parent Borrower under the Bankruptcy Code of the United States, automatically and without
further action by any Person), an amount equal to the excess of the amount of interest and fees that should have been paid for
such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of the
Administrative Agent, the Foreign Trade Facility Agent, any Lender or the Issuing Lenders, as the case may be, under Section
2.5(c), 2.14(b) or 2.15(c) or under Article VII. The Parent Borrower’s obligations under this paragraph
shall survive the termination of the Commitments of all of the Lenders and the repayment of all other Obligations hereunder.

 

(g)            Interest Act (Canada). For the purposes of the Interest Act (Canada), (i) whenever a rate of interest or fee
rate hereunder is calculated on the basis of a year (the “deemed year”) that contains fewer days than the actual number
of days in the calendar year of calculation, such rate of interest or fee rate shall be expressed as a yearly rate by multiplying
such rate of interest or fee rate by the actual number of days in the calendar year of calculation and dividing it by the number
of days in the deemed year, (ii) the principle of deemed reinvestment of interest shall not apply to any interest calculation
hereunder and (iii) the rates of interest stipulated herein are intended to be nominal rates and not effective rates or yields.

 

Section 2.16          Alternate
Rate of Interest.

 

If prior to the commencement
of any Interest Period for a Eurocurrency Borrowing:

 

(a)            (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and
reasonable means do not exist for ascertaining the Adjusted Eurocurrency Rate for such Interest Period, and (ii) the circumstances
described in Section 1.10 do not apply;

 

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

 

(c)            the Administrative Agent determines (which determination shall be conclusive absent manifest error) that deposits in the
principal amounts of the Loans comprising such Borrowing and in the currency in which such Loans are to be denominated are not
generally available in the relevant market;

 

then the Administrative Agent shall give
notice thereof to the Parent Borrower and the relevant Lenders by telephone or telecopy as promptly as practicable thereafter and,
until the Administrative Agent notifies the Parent Borrower and the relevant Lenders that the circumstances giving rise to such
notice no longer exist (which notice shall be promptly given by the Administrative Agent when such circumstances no longer exist),
then, in the case of the relevant Facility, any request by a Borrower for a Eurocurrency Borrowing of the affected Type or in the
affected currency, or a conversion to or continuation of a Eurocurrency Borrowing of the affected Type or in the affected currency,
pursuant to Section 2.3 or 2.8, shall be deemed rescinded; provided that if the circumstances giving rise
to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted.

 

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Section 2.17         Increased
Costs.

 

(a)           If any Change in Law shall:

 

(i)             impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or
for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted Eurocurrency
Rate);

 

(ii)            subject any Lender or an Agent to any Taxes (other than (A) Indemnified Taxes, (B) Excluded Taxes or (C) Taxes imposed as
a penalty for a Lender’s failure to comply with non-U.S. legislation implementing FATCA) on its loans, loan principal, letters
of credit, commitments or other obligations or its deposits, reserves, other liabilities or capital attributable thereto; or

 

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

 

and the result of any of the foregoing
shall be to increase the net cost to such Lender of making or maintaining any Eurocurrency Loan (or of maintaining its obligation
to make any such Loan) or to increase the cost to such Lender, Issuing Lender or FCI Issuing Lender of participating in, issuing
or maintaining any Letter of Credit or FCI or to reduce the amount of any sum received or receivable by such Lender, Issuing Lender
or FCI Issuing Lender hereunder (whether of principal, interest, premium or otherwise), then each relevant Borrower will pay to
such Lender, Issuing Lender or FCI Issuing Lender such additional amount or amounts as will compensate such Lender, Issuing Lender
or FCI Issuing Lender, as the case may be, for such additional costs actually incurred or reduction suffered; provided that
such Lender shall only be entitled to seek such additional amounts if such Lender is generally seeking the payment of similar additional
amounts from similarly situated borrowers in comparable credit facilities.

 

(b)            If any Lender, Issuing Lender or FCI Issuing Lender determines that any Change in Law regarding capital or liquidity requirements
has or would have the effect of reducing the rate of return on such Person’s capital or on the capital of such Person’s
holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit or FCIs
held by, such Lender, or the Letters of Credit issued by such Issuing Lender, or the FCIs issued by such FCI Issuing Lender, to
a level below that which such Lender, Issuing Lender or FCI Issuing Lender or such Lender’s, Issuing Lender’s or FCI
Issuing Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Person’s
policies and the policies of such Person’s holding company with respect to capital adequacy or liquidity), then from time
to time the relevant Borrower will pay to such Lender, Issuing Lender or FCI Issuing Lender, as the case may be, such additional
amount or amounts as will compensate such Person or such Person’s holding company for any such reduction actually suffered;
provided that such Lender shall only be entitled to seek such additional amounts if such Lender is generally seeking the
payment of similar additional amounts from similarly situated borrowers in comparable credit facilities.

 

(c)            If any Lender, any Issuing Lender or any FCI Issuing Lender incurs any Mandatory Costs attributable to the Obligations,
then from time to time the Parent Borrower will pay (or cause the applicable Foreign Subsidiary Borrower to pay) to such Lender
or such Issuing Lender, as the case may be, such Mandatory Costs. Such amount shall be expressed as a percentage rate per annum
and shall be payable on the full amount of the applicable Obligations.

 

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(d)            A certificate of a Lender, Issuing Lender or FCI Issuing Lender setting forth in reasonable detail the basis for and computation
of the amount or amounts necessary to compensate such Person or its holding company, as the case may be, as specified in paragraph
(a), (b) or (c) of this Section shall be delivered to the relevant Borrower and shall be conclusive absent manifest
error. Such Borrower shall pay such Lender, Issuing Lender or FCI Issuing Lender the amount shown as due on any such certificate
within 10 days after receipt thereof. All amounts payable by any Borrower pursuant to paragraph (a) or (b) of this
Section shall be deemed to constitute interest expense in respect of the Loans.

 

(e)            Failure or delay on the part of any Lender, Issuing Lender or FCI Issuing Lender to demand compensation pursuant to this
Section shall not constitute a waiver of such Person’s right to demand such compensation; provided that no Borrower
shall be required to compensate a Lender, Issuing Lender or FCI Issuing Lender pursuant to this Section for any increased costs
or reductions incurred more than 270 days prior to the date that such Person notifies such Borrower of the Change in Law giving
rise to such increased costs or reductions and of such Person’s intention to claim compensation therefor; provided
further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred
to above shall be extended to include the period of retroactive effect thereof.

 

Section 2.18          Break
Funding Payments.

 

In the event of (a)
the payment of any principal of any Eurocurrency Loan other than on the last day of an Interest Period applicable thereto (including
as a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on the last day of the Interest Period
applicable thereto, (c) the failure to borrow, convert, continue or prepay any Domestic Revolving Loan, any Global Revolving Loan,
all or any portion of the Term Loan A, or any Incremental Term Loan on the date specified in any notice delivered pursuant hereto
(regardless of whether such notice may be revoked under Section 2.12(d) and is revoked in accordance therewith), (d) the
assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result of a request
by the Parent Borrower pursuant to Section 2.21 or (e) any failure by the Parent Borrower or the applicable Foreign Subsidiary
Borrower to make payment of any Loan or drawing under any Letter of Credit (or interest due thereon) denominated in an Alternative
Currency on its scheduled due date or any payment thereof in a different currency, then, in any such event, the relevant Borrower
shall compensate each Lender for the loss, cost and expense actually incurred that is attributable to such event. In the case of
a Eurocurrency Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to
be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event
not occurred, at the Adjusted Eurocurrency Rate that would have been applicable to such Loan, for the period from the date of such
event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue,
for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on
such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such
period, for deposits in the relevant currency of a comparable amount and period from other banks in the relevant market. A certificate
of any Lender setting forth in reasonable detail the basis for and computation of any amount or amounts that such Lender is entitled
to receive pursuant to this Section shall be delivered to the relevant Borrower and shall be conclusive absent manifest error,
and shall be so delivered as promptly as reasonably practicable after such Lender obtains actual knowledge of such amount.

 

Section 2.19         
Taxes.

 

(a)            Any and all payments by or on account of any obligation of any Borrower hereunder or under any other Loan Document shall
be made free and clear of and without deduction for any

 

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Indemnified Taxes; provided that
if a Borrower shall be required to deduct any Indemnified 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 relevant Agent or the relevant Lender 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 pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable law.

 

(b)           In addition, each Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable
law and indemnify the Lender from and against any Other Taxes and any penalties, interest and reasonable expenses arising therefrom
or with respect thereto.

 

(c)           Each Borrower shall indemnify each Agent and each Lender, within 10 days after written demand therefor, for the full amount
of any Indemnified Taxes paid by such Agent or such Lender or required to be withheld or deducted from a payment to such recipient
(including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest
and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate setting forth in reasonable detail the basis for and
computation of the amount of such payment or liability delivered to a Borrower by a Lender, or by an Agent on its own behalf or
on behalf of a Lender, shall be conclusive absent manifest error, and shall be so delivered as promptly as reasonably practicable
after such Lender or such Agent, as the case may be, obtains actual knowledge of such amount.

 

(d)           As soon as practicable after any payment of Indemnified Taxes or Other Taxes by a Borrower to a Governmental Authority,
such Borrower shall deliver to the relevant 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 such Agent.

 

(e)           Each Agent and each Lender that is not a United States person within the meaning of Section 7701(a)(30) of the Code (a “Non-U.S.
Recipient”) shall, to the extent it is legally entitled to do so, deliver to the Parent Borrower and each Agent, on or
before the date on which it becomes a party to this Agreement either:

 

(A)             two duly completed and signed original copies of either Internal Revenue Service Form W-8BEN (including Form W-8BEN-E, as
applicable) or Internal Revenue Service Form W-8ECI (relating to such Non-U.S. Recipient and entitling it to a complete exemption
from or reduction of withholding of United States federal income taxes on all amounts to be received by such Non-U.S. Recipient
pursuant to this Agreement and the other credit documents), or successor and related applicable forms, as the case may be (including,
where applicable any such forms required to be provided to certify to such exemption on behalf of such Non-U.S. Recipient’s
beneficial owners); or

 

(B)             
in the case of a Non-U.S. Recipient claiming the benefit of the exemption for portfolio interest under Section 881(c) of
the Code, (x) a statement in the form of Exhibit C (and any similar statements required to certify to the exemption of its
beneficial owners) or such other form of statement as shall be reasonably requested by the Parent Borrower from time to time to
the effect that such Non-U.S. Recipient (and, where applicable, its beneficial owners) is eligible for a complete exemption from
withholding of United States federal income taxes under Code Section 871(h) or 881(c), and (y) two duly completed and signed original
copies of Internal Revenue Service Form W-8BEN

 

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(or W-8BEN-E) or successor and
related applicable forms (including, where applicable, copies of such forms with respect to such entity’s beneficial owners).

 

Further, each
Non-U.S. Recipient agrees (i) to deliver to the Parent Borrower and each Agent, and if applicable, the assigning Lender two further
duly completed and signed original copies of such Forms W-8BEN (or W-8BEN-E) or W-8ECI, as the case may be (and, where applicable,
any such forms on behalf of its beneficial owners) or successor and related applicable forms, on or before the date that any such
form expires or becomes obsolete and promptly after the occurrence of any event requiring a change from the most recent form(s)
previously delivered by it to the Parent Borrower in accordance with applicable U.S. laws and regulations, (ii) in the case of
a Non-U.S. Recipient that delivers a statement in the form of Exhibit C (or such other form of statement as shall have been
requested by the Parent Borrower), to deliver to the Parent Borrower and each Agent, and if applicable, the assigning Lender, such
statement (and where applicable, any such statements from its beneficial owners) on the two year anniversary of the date on which
such Non-U.S. Recipient became a party to this Agreement and to deliver promptly to the Parent Borrower and each Agent, such additional
statements and forms as shall be reasonably requested by the Parent Borrower or such Agent from time to time, and (iii) to notify
promptly the Parent Borrower and each Agent if it (or, as applicable, its beneficial owners) is no longer able to deliver, or if
it is required to withdraw or cancel, any form of statement previously delivered by it pursuant to this Section 2.19(e).
Notwithstanding anything herein to the contrary, no Non-U.S. Recipient shall be required to provide any forms, certification or
documentation which it is not legally entitled or able to deliver.

 

(f)           Each Agent that is a United States person within the meaning of Section 7701(a)(30) of the Code and each Lender which is
not a Non-U.S. Recipient shall deliver to Parent Borrower and each Agent (and if applicable the assigning or participating Lender)
two duly completed and signed original copies of Internal Revenue Service Form W-9 (or applicable successor form) certifying that
such party is exempt from U.S. federal backup withholding. Each Agent and each such Lender shall deliver to the Parent Borrower
and each Agent two further duly completed and signed forms (or successor form) at or before the time any such form becomes obsolete.

 

(g)          [Reserved].

 

(h)          If any Agent or any Lender determines, in its sole discretion, that it has received a refund in respect of Indemnified Taxes
or Other Taxes paid by a Borrower, it shall promptly pay such refund, together with any other amounts paid by such Borrower in
connection with such refunded Indemnified Taxes or Other Taxes, to such Borrower, net of all out-of-pocket expenses incurred in
obtaining such refund; provided, however, that each Borrower agrees to promptly return such refund to the applicable
Agent or the applicable Lender as the case may be, if it receives notice from the applicable Agent or applicable Lender that such
Agent or Lender is required to repay such refund. This paragraph shall not be construed to require any Agent or any Lender to make
available its tax returns (or any other information that it deems confidential) to the applicable Borrower or any Person.

 

(i)            If any Agent or any Lender is entitled to an exemption from or reduction in the rate of the imposition, deduction or withholding
of any Indemnified Tax or Other Tax under the laws of the jurisdiction in which a Foreign Subsidiary Borrower is organized or engaged
in business, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement or any other Loan
Document, then such Agent or such Lender (as the case may be) shall deliver to such Foreign Subsidiary Borrower or the relevant
Governmental Authority, in the manner and at the time or times prescribed by

 

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applicable law or as reasonably requested
by the Foreign Subsidiary Borrower, such properly completed and executed documentation prescribed by applicable law or reasonably
requested by such Foreign Subsidiary Borrower as will permit such payments to be made without the imposition, deduction or withholding
of such Indemnified Tax or Other Tax or at a reduced rate; provided that such Agent or such Lender is legally entitled to
complete, execute and deliver such documentation and in its reasonable judgment such completion, execution or submission would
not materially prejudice its commercial or legal position or require disclosure of information it considers confidential or proprietary.
The Parent Borrower or such Foreign Subsidiary Borrower shall use commercially reasonable efforts to take such actions as are requested
by any Agent or any Lender to obtain the benefits of any exemption from or reduction in the rate of any Indemnified Tax, Other
Tax or Excluded Tax.

 

(j)             If a payment made to a Lender or an Agent under this Agreement or any other Loan Document would be subject to U.S. federal
withholding Tax imposed by FATCA, such Agent or such Lender, as the case may be, shall deliver to the Parent Borrower and each
Agent at such time or times reasonably requested by the Parent Borrower or an Agent such documentation prescribed by applicable
law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by
a Borrower or an Agent as may be necessary for such Borrower and such Agent to comply with their obligations under FATCA and to
determine whether such Agent and such Lender have complied with such Agent’s and such Lender’s obligations under FATCA
or to determine the amount to deduct and withhold from such payment. Solely for purposes of this paragraph, “FATCA”
shall include any amendments made to FATCA after the Effective Date.

 

Section 2.20          Payments
Generally; Pro Rata Treatment; Sharing of Set-offs.

 

(a)            Each Borrower shall make each payment required to be made by it hereunder or under any other Loan Document (whether of principal,
interest, premium, fees, reimbursement of LC Disbursements, reimbursement of FCI Disbursements, or of amounts payable under Section
2.17, 2.18 or 2.19, or to provide Cash Cover, or otherwise) prior to the time expressly required hereunder or
under such other Loan Document for such payment (or, if no such time is expressly required, prior to 12:00 noon, local time), on
the date when due, in same day funds, without set-off or counterclaim. Any amounts received after such time on any date may, in
the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of
calculating interest thereon. All such payments shall be made to the Administrative Agent at the Administrative Agent’s Office,
except as otherwise expressly provided herein. The Administrative Agent shall distribute any such payments received by it for the
account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment under any Loan Document
shall be due on a day that is not a Business Day, the date for payment thereof shall be extended to the next Business Day, and,
in the case of any payment accruing interest, interest thereon shall be payable to but excluding such Business Day. Except as otherwise
specified in this Agreement, each such payment (other than (i) principal of and interest on Loans and LC Disbursements denominated
in an Alternative Currency, which shall be made in the applicable Alternative Currency, except as otherwise specified in Section
2.5(e) and (ii) payments in respect of the FCIs and FCI Disbursements thereunder, which shall be made in the currency applicable
to such FCI) shall be made in Dollars.

 

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

 

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the parties entitled thereto in accordance
with the amounts of principal and unreimbursed LC Disbursements and FCI Disbursements, and any premium or Cash Cover, then due
to such parties.

 

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

 

(d)            Unless the Administrative Agent shall have received notice from a Borrower prior to the date on which any payment is due
to the Administrative Agent for the account of the Lenders (or any of them) 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 relevant Lenders the amount due. In such event, if such Borrower has not in fact made such
payment, then each relevant Lender 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 Effective Rate and a rate determined by the
Administrative Agent to represent its cost of overnight or short-term funds in the relevant currency (which determination shall
be conclusive absent manifest error).

 

(e)            If any Lender shall fail to make any payment required to be made by it to the Administrative Agent, the Swingline Lender
or any Issuing Lender, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply
any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations
until all such unsatisfied obligations are fully paid.

 

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Section 2.21          Mitigation
Obligations; Replacement of Lenders.

 

(a)            If any Lender or the Foreign Trade Facility Agent requests compensation under Section 2.17, or if any Borrower is
required to pay any additional amount to any Lender or the Foreign Trade Facility Agent or any Governmental Authority for the account
of any Lender or the Foreign Trade Facility Agent pursuant to Section 2.19, then, in the case of a Lender, such Lender shall
use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or, in the case of a
Lender or the Foreign Trade Facility Agent, such party will use reasonable efforts to assign its rights and obligations hereunder
to another of its offices, branches or affiliates, if, in the judgment of such Lender or the Foreign Trade Facility Agent, as applicable,
such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.17 or 2.19, as
the case may be, in the future and (ii) would not subject such Lender or the Foreign Trade Facility Agent, as applicable, to any
unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or the Foreign Trade Facility Agent. Each
Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender or the Foreign Trade Facility Agent in connection
with any such designation or assignment.

 

(b)            If (i) any Lender (other than an FCI Issuing Lender) or the Foreign Trade Facility Agent requests compensation under Section
2.17, (ii) any Borrower is required to pay any additional amount to any Lender or the Foreign Trade Facility Agent or any Governmental
Authority for the account of any Lender or the Foreign Trade Facility Agent pursuant to Section 2.19, (iii) any Lender is
a Defaulting Lender, (iv) any Lender becomes a “Non-Consenting Lender” (as defined below), or (v) any Lender is a non-extending
Lender pursuant to Section 2.1(c), Section 2.1(d) or Section 2.6(b), then the Parent Borrower may, at its
sole expense and effort, upon notice to such Lender (other than an FCI Issuing Lender in the case of applicability of clause
(i) above) or the Foreign Trade Facility Agent, as applicable, and the Administrative Agent, require such Lender (other than
an FCI Issuing Lender in the case of applicability of clause (i) above) or the Foreign Trade Facility Agent (in the case
of clause (i) or (ii) above as such clauses relate to the Foreign Trade Facility Agent) to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in Section 9.4), all its interests, rights and obligations
under this Agreement to an assignee that shall assume such obligations (which assignee, in the case of a Lender, may be another
Lender, if a Lender accepts such assignment); provided that (A) the Parent Borrower shall have received the prior written
consent of the Administrative Agent, which consent shall not unreasonably be withheld, and the Foreign Trade Facility Agent in
the case of an assignment of a Participation FCI Commitment, (B) such Lender or the Foreign Trade Facility Agent, as applicable,
shall have received payment of an amount equal to the outstanding principal of its Loans, participations in Participation FCI Disbursements,
participations in LC Disbursements and participations Swingline Loans, accrued interest (and premium, if any) thereon, accrued
fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or such Borrower (in the case of all other amounts) and (C) in the event of a replacement of a Non-Consenting
Lender, in order for the Parent Borrower to be entitled to replace such a Lender, such replacement must take place no later than
120 days after the date the Non-Consenting Lender shall have notified the Parent Borrower and the Administrative Agent of its failure
to agree to any requested consent, waiver or amendment. Neither a Lender nor the Foreign Trade Facility Agent shall be required
to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances
entitling a Borrower to require such assignment and delegation cease to apply. In the event that (x) the Parent Borrower or the
Administrative Agent has requested the Lenders to consent to a departure or waiver of any provisions of the Loan Documents or to
agree to any amendment thereto (including extensions of any maturity date) or to approve a request that Eurocurrency Loans be made,
or Letters of Credit and FCIs be issued, in a currency other than those specifically listed in the definition of “Alternative
Currency”, (y) the consent, waiver, amendment or request in question requires the agreement of all Lenders (or of a particular
affected Lender) in accordance with the terms of Section 1.9(a), Section 2.6(b) or Section 9.2 and (z) if
required, the Required Lenders have agreed to such consent, waiver or

 

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amendment, then any Lender who does not
agree to such consent, waiver or amendment shall be deemed a “Non-Consenting Lender”.

 

Section 2.22          
Change in Law.

 

Notwithstanding any
other provision of this Agreement, if, after the Effective Date, (a) any Change in Law shall make it unlawful for any Issuing Lender
to issue Letters of Credit denominated in an Alternative Currency, or any Global Revolving Lender to make Global Revolving Loans
denominated in an Alternative Currency, or any FCI Issuing Lender to issue any FCIs, (b) there shall have occurred any change in
national or international financial, political or economic conditions (including the imposition of or any change in exchange controls)
or currency exchange rates that would make it impracticable for any Issuing Lender to issue Letters of Credit denominated in such
Alternative Currency for the account of a Borrower, or any Global Revolving Lender to make Global Revolving Loans denominated in
an Alternative Currency, or any FCI Issuing Lender to issue any FCIs, then by prompt written notice thereof to the Parent Borrower
and to the Administrative Agent (which notice shall be withdrawn whenever such circumstances no longer exist), (i) such Issuing
Lender may declare that Letters of Credit will not thereafter be issued by it in the affected Alternative Currency or Alternative
Currencies, whereupon the affected Alternative Currency or Alternative Currencies shall be deemed (for the duration of such declaration)
not to constitute an Alternative Currency for purposes of the issuance of Letters of Credit by such Issuing Lender, (ii) such Global
Revolving Lender may declare that Global Revolving Loans will not thereafter be made by it in the affected Alternative Currency
or Alternative Currencies, whereupon the affected Alternative Currency or Alternative Currencies shall be deemed (for the duration
of such declaration) not to constitute an Alternative Currency for purposes of the making of Global Revolving Loans by such Global
Revolving Lender, and (iii) such FCI Issuing Lender may declare that such affected FCIs will not thereafter be issued by it and
the commitment of such FCI Issuing Lender to issue such affected FCIs shall forthwith be cancelled (for the duration of such declaration),
or (c) any Law shall make it unlawful, or any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable
Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurocurrency Rate (whether denominated
in Dollars or an Alternative Currency), or to determine or charge interest rates based upon the Eurocurrency Rate, or any Governmental
Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars
or any Alternative Currency in the applicable interbank market, then by prompt written notice thereof to the Parent Borrower and
to the Administrative Agent (which notice shall be withdrawn whenever such circumstances no longer exist), (i) any obligation of
such Lender to make or continue Eurocurrency Loans in the affected currency or currencies or, in the case of Eurocurrency Loans
in Dollars, to convert ABR Loans to Eurocurrency Loans, shall be suspended, and (ii) if such notice asserts the illegality of such
Lender making or maintaining ABR Loans the interest rate on which is determined by reference to the Eurocurrency Rate component
of the Alternate Base Rate, the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be
determined by the Administrative Agent without reference to the Eurocurrency Rate component of the Alternate Base Rate, in each
case until such Lender notifies the Administrative Agent and the Parent Borrower that the circumstances giving rise to such determination
no longer exist. Upon receipt of such notice specified in the foregoing clause (c), (x) the Parent Borrower shall, upon demand
from such Lender (with a copy to the Administrative Agent), prepay or, if applicable and such Loans are denominated in (i) Dollars,
convert (which prepayment or conversion shall be accompanied by the payment of all accrued interest on the amount so prepaid or
converted) all Eurocurrency Loans of such Lender to ABR Loans (the interest rate on which ABR Loans of such Lender shall, if necessary
to avoid such illegality, be determined by the Administrative Agent without reference to the Eurocurrency Rate component of the
Alternate Base Rate), or (ii) an Alternative Currency, convert (which prepayment or conversion shall be accompanied by the payment
of all accrued interest on the amount so prepaid or converted) all Eurocurrency Loans of such Lender to Alternate Rate Loans, in
each case, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to

 

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maintain such Eurocurrency Loans to such
day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Loans and (y) if such notice asserts
the illegality of such Lender determining or charging interest rates based upon the Eurocurrency Rate, the Administrative Agent
shall during the period of such suspension compute the Alternate Base Rate applicable to such Lender without reference to the Eurocurrency
Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such
Lender to determine or charge interest rates based upon the Eurocurrency Rate.

 

Section 2.23          Foreign
Subsidiary Borrowers.

 

(a)            Subject to the consent of the Administrative Agent and each Global Revolving Lender (such consent not to be unreasonably
withheld, delayed or conditioned), the Parent Borrower may designate any Foreign Subsidiary of the Parent Borrower as a Foreign
Subsidiary Borrower under the Global Revolving Facility by delivery to the Administrative Agent of a Borrowing Subsidiary Agreement
executed by such Foreign Subsidiary, the Parent Borrower and the Administrative Agent and upon such delivery such Foreign Subsidiary
shall for all purposes of this Agreement be a Foreign Subsidiary Borrower under the Global Revolving Facility and a party to this
Agreement until the Parent Borrower shall have executed and delivered to the Administrative Agent a Borrowing Subsidiary Termination
with respect to such Foreign Subsidiary, whereupon such Foreign Subsidiary shall cease to be a Foreign Subsidiary Borrower under
the Global Revolving Facility. Notwithstanding the preceding sentence, no such Borrowing Subsidiary Termination will become effective
as to any Foreign Subsidiary Borrower under the Global Revolving Facility at a time when any Obligations of such Foreign Subsidiary
Borrower shall be outstanding thereunder or any Letters of Credit issued for the account of such Foreign Subsidiary Borrower shall
be outstanding (which shall not have been cash collateralized in a manner consistent with the terms of Section 2.5(j));
provided that such Borrowing Subsidiary Termination shall be effective to terminate such Foreign Subsidiary Borrower’s
right to make further borrowings under the Global Revolving Facility. As of the Third Amendment Effective Date, there are no Foreign
Subsidiary Borrowers with respect to the Global Revolving Facility.

 

(b)            (i)              Subject to the consent of the Foreign Trade Facility Agent, the Administrative Agent, each of the Participation FCI
Issuing Lenders (such consent not to be unreasonably withheld, delayed or conditioned) and each Lender with a Participation FCI
Commitment (such consent not to be unreasonably withheld, delayed or conditioned), the Parent Borrower may designate any Foreign
Subsidiary of the Parent Borrower as a Foreign Subsidiary Borrower under the Foreign Trade Facility by delivery to the Foreign
Trade Facility Agent and the Administrative Agent of a Borrowing Subsidiary Agreement executed by such Foreign Subsidiary, the
Parent Borrower, the Foreign Trade Facility Agent and the Administrative Agent and upon such delivery such Foreign Subsidiary shall
for all purposes of this Agreement be a Foreign Subsidiary Borrower under the Foreign Trade Facility and a party to this Agreement
until the Parent Borrower shall have executed and delivered to the Foreign Trade Facility Agent and the Administrative Agent a
Borrowing Subsidiary Termination with respect to such Foreign Subsidiary, whereupon such Foreign Subsidiary shall cease to be a
Foreign Subsidiary Borrower under the Foreign Trade Facility. As of the Third Amendment Effective Date, there are no Foreign Subsidiary
Borrowers with respect to the Foreign Trade Facility.

 

(ii)              
Subject to the consent of the Foreign Trade Facility Agent, the Administrative Agent and each Bilateral FCI Issuing Lenders
(such consent not to be unreasonably withheld, delayed or conditioned), the Parent Borrower may designate any Foreign Subsidiary
of the Parent Borrower as a Foreign Subsidiary Borrower under the Bilateral Foreign Trade Facility by delivery to the Foreign Trade
Facility Agent and the Administrative Agent of a Borrowing Subsidiary Agreement executed by such Foreign Subsidiary, the Parent
Borrower, the Foreign

 

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Trade Facility Agent and the
Administrative Agent and upon such delivery such Foreign Subsidiary shall for all purposes of this Agreement be a Foreign Subsidiary
Borrower under the Bilateral Foreign Trade Facility and a party to this Agreement until the Parent Borrower shall have executed
and delivered to the Foreign Trade Facility Agent and the Administrative Agent a Borrowing Subsidiary Termination with respect
to such Foreign Subsidiary, whereupon such Foreign Subsidiary shall cease to be a Foreign Subsidiary Borrower under the Bilateral
Foreign Trade Facility. As of the Third Amendment Effective Date, there are no Foreign Subsidiary Borrowers with respect to the
Bilateral Foreign Trade Facility.

 

(iii)       Notwithstanding the preceding clauses (i) and (ii), no such Borrowing Subsidiary Termination will become effective as to
any Foreign Subsidiary Borrower under the Foreign Trade Facility or the Bilateral Foreign Trade Facility, as applicable, at a time
when any Obligations of such Foreign Subsidiary Borrower shall be outstanding thereunder or any applicable FCIs issued for the
account of such Foreign Subsidiary Borrower shall be outstanding (which shall not have been cash collateralized or otherwise supported
in a manner consistent with the terms of Section 2.6(o)(iv) or the obligations of such Foreign Subsidiary Borrower in respect
of each outstanding FCI shall not have been assumed by the Parent Borrower or another Foreign Subsidiary Borrower pursuant to a
written assumption agreement in form and substance reasonably satisfactory to the Parent Borrower, such terminated Foreign Subsidiary
Borrower, any Foreign Subsidiary Borrower that assumes obligations of such terminated Foreign Subsidiary Borrower, and the Foreign
Trade Facility Agent); provided that such Borrowing Subsidiary Termination shall be effective to terminate such Foreign
Subsidiary Borrower’s right to request further FCIs or other extensions of credit under the Foreign Trade Facility or the
Bilateral Foreign Trade Facility, as applicable.

 

(c)         
For the avoidance of doubt, no Foreign Subsidiary Borrower shall be liable for the Obligations of any other Loan Party.

 

(d)        
The Administrative Agent shall promptly notify the Global Revolving Lenders of any Foreign Subsidiary Borrower added or
terminated pursuant to Section 2.23(a), and the Foreign Trade Facility Agent shall promptly notify (i) each Participation
FCI Issuing Lender and each Lender with Participation FCI Commitments of any Foreign Subsidiary Borrower added or terminated pursuant
to Section 2.23(b)(i) and (ii) each Bilateral FCI Issuing Lender of any Foreign Subsidiary Borrower added or terminated
pursuant to Section 2.23(b)(ii).

 

(e)         
Notwithstanding anything to the contrary set forth in this Section 2.23: (i) no Foreign Subsidiary Borrower shall
become a Foreign Subsidiary Borrower under the Global Revolving Facility until such time as (A) the Administrative Agent and each
Global Revolving Lender shall have completed “know your customer” due diligence with respect to such proposed Foreign
Subsidiary Borrower, and the Parent Borrower shall have provided to the Administrative Agent and each Global Revolving Lender the
documentation and other information requested by the Administrative Agent or such Global Revolving Lender in order to comply with
applicable law, including the PATRIOT Act, Sanctions, the United States Foreign Corrupt Practices Act of 1977, the applicable European
Union or German acts and ordinance such as the German Anti-Money-Laundering-Act (“Geldwäschegesetz”), and
the German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes (“Außenwirtschaftsverordnung”)),
and (B) if such proposed Foreign Subsidiary Borrower qualifies as a “legal entity customer” under the Beneficial Ownership
Regulation, the Administrative Agent and each Global Revolving Lender shall have received, to the extent requested by the Administrative
Agent or such Global Revolving Lender, a Beneficial Ownership Certification with respect to such proposed Foreign Subsidiary Borrower;
(ii) no Foreign Subsidiary Borrower shall become a Foreign Subsidiary Borrower under the Foreign Trade Facility until such time
as (A) the Administrative Agent, the Foreign Trade

 

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Facility Agent, each Participation FCI
Issuing Lender, and each Lender with a Participation FCI Commitment shall have completed “know your customer” due diligence
with respect to such proposed Foreign Subsidiary Borrower, and the Parent Borrower shall have provided to the Administrative Agent,
the Foreign Trade Facility Agent, each Participation FCI Issuing Lender, and each Lender with a Participation FCI Commitment the
documentation and other information requested by the Administrative Agent, the Foreign Trade Facility Agent, such Participation
FCI Issuing Lender, or such Lender with a Participation FCI Commitment in order to comply with applicable law, including the PATRIOT
Act, Sanctions, the United States Foreign Corrupt Practices Act of 1977, the applicable European Union or German acts and ordinance
such as the German Anti-Money-Laundering-Act (“Geldwäschegesetz”), and the German Foreign Trade Ordinance
(Verordnung zur Durchführung des Außenwirtschaftsgesetzes (“Außenwirtschaftsverordnung”)),
and (B) if such proposed Foreign Subsidiary Borrower qualifies as a “legal entity customer” under the Beneficial Ownership
Regulation, the Administrative Agent, the Foreign Trade Facility Agent, each Participation FCI Issuing Lender, and each Lender
with a Participation FCI Commitment shall have received, to the extent requested by the Administrative Agent, the Foreign Trade
Facility Agent, such Participation FCI Issuing Lender or such Lender with a Participation FCI Commitment, a Beneficial Ownership
Certification with respect to such proposed Foreign Subsidiary Borrower; and (iii) no Foreign Subsidiary Borrower shall become
a Foreign Subsidiary Borrower under the Bilateral Foreign Trade Facility until such time as (A) the Administrative Agent, the Foreign
Trade Facility Agent and each Bilateral FCI Issuing Lender shall have completed “know your customer” due diligence
with respect to such proposed Foreign Subsidiary Borrower, and the Parent Borrower shall have provided to the Administrative Agent,
the Foreign Trade Facility Agent and each Bilateral FCI Issuing Lender the documentation and other information requested by the
Administrative Agent, the Foreign Trade Facility Agent or such Bilateral FCI Issuing Lender in order to comply with applicable
law, including the PATRIOT Act, Sanctions, the United States Foreign Corrupt Practices Act of 1977, the applicable European Union
or German acts and ordinance such as the German Anti-Money-Laundering-Act (“Geldwäschegesetz”), and the
German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes (“Außenwirtschaftsverordnung”)),
and (B) if such proposed Foreign Subsidiary Borrower qualifies as a “legal entity customer” under the Beneficial Ownership
Regulation, the Administrative Agent, the Foreign Trade Facility Agent and each Bilateral FCI Issuing Lender shall have received,
to the extent requested by the Administrative Agent, the Foreign Trade Facility Agent or such Bilateral FCI Issuing Lender, a Beneficial
Ownership Certification with respect to such proposed Foreign Subsidiary Borrower.

 

Section 2.24       
Defaulting Lenders.

 

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

 

(i)       
Waivers and Amendment. The Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent
with respect to this Agreement shall be restricted as set forth in Section 9.2 and in the definition of “Required
Lender”.

 

(ii)      
Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by any Agent for the
account of a Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise, and including
any amounts made available to such Agent by that Defaulting Lender pursuant to Section 9.8), shall be applied at such time
or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that
Defaulting Lender to the Agents hereunder; second, to the payment on a pro rata basis of any amounts owing by that Defaulting
Lender to any Issuing Lender, the Swingline Lender or any Participation FCI Issuing Lender hereunder; third, if so

 

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determined by the Administrative
Agent or requested by the Parent Borrower or any Issuing Lender, the Swingline Lender or any Participation FCI Issuing Lender,
to be held as cash collateral for future funding obligations of that Defaulting Lender of any participation in any Letter of Credit,
Swingline Loan or Participation FCI; fourth, as the Parent Borrower may request (so long as no Default or Event of Default
exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required
by this Agreement, as determined by the Administrative Agent or Foreign Trade Facility Agent, as applicable; fifth, if so
determined by the Administrative Agent or Foreign Trade Facility Agent, as applicable, or requested by the Parent Borrower, to
be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund
Loans under this Agreement; sixth, to the payment of any amounts owing to the Lenders, any Issuing Lender, the Swingline
Lender or any Participation FCI Issuing Lender as a result of any judgment of a court of competent jurisdiction obtained by any
Lender, any Issuing Lender, the Swingline Lender or any Participation FCI Issuing Lender against that Defaulting Lender as a result
of that Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event
of Default exists, to the payment of any amounts owing to the Parent Borrower as a result of any judgment of a court of competent
jurisdiction obtained by the Parent Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach
of its obligations under this Agreement; and eighth, to that Defaulting Lender or as otherwise directed by a court of competent
jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans, unreimbursed LC Disbursements
or unreimbursed FCI Disbursements in respect of which that Defaulting Lender has not fully funded its appropriate share and (y)
such Loans, unreimbursed LC Disbursements or unreimbursed FCI Disbursements were made at a time when the conditions set forth in
Section 4.3 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and unreimbursed LC Disbursements
and unreimbursed FCI Disbursements owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment
of any Loans of, or unreimbursed LC Disbursements or unreimbursed FCI Disbursements, owed to, that Defaulting Lender. Any payments,
prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting
Lender or to pay other amounts or post cash collateral pursuant to this Section 2.24(a)(ii) shall be deemed paid to and
redirected by that Defaulting Lender, and each Lender irrevocably consents hereto.

 

(iii)     
Certain Fees. The Defaulting Lender (x) shall not be entitled to receive any fees pursuant to Section 2.14(a)
or (b) for any period during which such Lender is a Defaulting Lender (and the Parent Borrower and other Borrowers shall
not be required to pay any such fee that otherwise would have been required to have been paid to such Defaulting Lender) and (y)
shall be limited in its right to receive Financial Letter of Credit Fees, Non-Financial Letter of Credit Fees and any of the fees
described in Section 2.6(p) to the extent as provided in Section 2.24(b).

 

(iv)     
Reallocation of Applicable Percentages to Reduce Fronting Exposure. During any period in which there is a Defaulting
Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations
in Financial Letters of Credit, Non-Financial Letters of Credit, Swingline Loans or Participation FCIs, the “Applicable Domestic
Revolving Percentage” or “Applicable Global Revolving Percentage”, as applicable, of each non-Defaulting Lender
shall be computed without giving effect to the Commitments of that Defaulting Lender; provided, that, each such reallocation
shall be given effect (x) only if, at the time of such reallocation, no Default or Event of Default exists; and (y) for each non-Defaulting
Lender, only to the extent that the aggregate obligation of that non-Defaulting Lender to acquire, refinance or fund participations
in Financial Letters of Credit, Non-Financial Letters of Credit, Swingline Loans and FCIs after giving effect to such reallocation

 

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would not exceed one or more
of (A) any excess of (1) the Domestic Revolving Commitment of that non-Defaulting Lender minus (2) the sum of the Financial
LC Exposure, Swingline Exposure and the aggregate principal amount of the outstanding Domestic Revolving Loans of that Lender,
(B) any excess of (1) the Global Revolving Commitment of that non-Defaulting Lender minus (2) the sum of the Non-Financial
LC Exposure and the aggregate principal amount of the outstanding Global Revolving Loans of that Lender or (C) any excess of (1)
the Participation FCI Commitment of that non-Defaulting Lender minus (2) the FCI Exposure of that Lender.

 

(b)          Defaulting Lender Cure. If the Parent Borrower, the Administrative Agent, the Swingline Lender, each Issuing Lender
and each Participation FCI Issuing Lender agree in writing in their sole discretion that a Defaulting Lender should no longer be
deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date
specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash
collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take
such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations
in Letters of Credit, Swingline Loans and FCIs to be held on a pro rata basis by the Lenders in accordance with their relevant
Applicable Percentages (without giving effect to Section 2.24(a)(iv)), whereupon that Lender will cease to be a Defaulting
Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf
of the Parent Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent
otherwise expressly agreed by the affected parties (and, in any event, subject to Section 9.19), no change hereunder from
Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender.

 

(c)           Request for Cash Collateral. At any time that there shall exist a Defaulting Lender, within three (3) Business Days
of the request of the Administrative Agent, an Issuing Lender, the Swingline Lender or the Participation FCI Issuing Lender, the
Parent Borrower shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover all Fronting Exposure
(after giving effect to Section 2.24(a)(iv) and any cash collateral provided by the Defaulting Lender).

 

(d)         
Grant of Security Interest. All cash collateral provided pursuant to this Section shall be maintained in blocked,
non-interest bearing deposit accounts at (i) the Administrative Agent, with respect to cash collateral supporting the Fronting
Exposure of the Issuing Lenders and the Swingline Lender and (ii) the Foreign Trade Facility Agent, with respect to cash collateral
supporting the Fronting Exposure of the Participation FCI Issuing Lenders. The Parent Borrower, and to the extent provided by any
Lender, such Lender, hereby grants to (and subjects to the control of) the applicable Agent with whom such cash collateral is deposited,
for the benefit of the Administrative Agent, the Issuing Lenders, the Participation FCI Issuing Lenders and/or the Lenders (including
the Swingline Lender), as applicable, and agrees to maintain, a first priority security interest in all such cash, deposit accounts
and all balances therein, and all other property so provided as collateral pursuant hereto, and in all balances therein, and all
other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations
to which such cash collateral may be applied pursuant to Section 2.24(e). If at any time the applicable Agent determines
that cash collateral is subject to any right or claim of any Person other than such Agent as herein provided, or that the total
amount of such cash collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Parent
Borrower or the relevant Defaulting Lender will, promptly upon demand by the applicable Agent, pay or provide to such Agent additional
cash collateral in an amount sufficient to eliminate such deficiency.

 

(e)           Application. Notwithstanding anything to the contrary contained in this Agreement, cash collateral provided under
this Section 2.24 in respect of Letters of Credit, Swingline Loans or

 

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Participation FCIs shall be held and applied
in satisfaction of the specific obligations for which the cash collateral was so provided, prior to any other application of such
property as may be provided herein or in any other Loan Document.

 

(f)          
Release. Cash collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other obligations
shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto
(including by the termination of Defaulting Lender status of the applicable Lender) or (ii) the applicable Agent’s good faith
determination that there exists excess cash collateral; provided, however, (x) that cash collateral furnished by
or on behalf of a Loan Party shall not be released during the continuance of a Default or Event of Default (and following application
as provided in this Section 2.24 may be otherwise applied in accordance with terms of the Loan Documents) and (y) the Loan
Party providing cash collateral and the Issuing Lenders, the Participation FCI Issuing Lenders, and the Swingline Lender, as applicable,
may agree that cash collateral shall not be released but instead held to support future anticipated Fronting Exposure or other
obligations.

 

Section 2.25        
Lending Offices.

 

Each Lender, Issuing
Lender or FCI Issuing Lender, at its option, may perform its obligations hereunder through any Lending Office; provided that any
exercise of such option shall not affect the obligation of any Borrower to repay any Loans, Letters of Credit or FCIs in accordance
with the terms of this Agreement.

 

Article
III

REPRESENTATIONS AND WARRANTIES

 

On the Funding Date
and any date thereafter on which the representations and warranties set forth herein are required to be made hereunder (or deemed
to be made hereunder), the Parent Borrower represents and warrants to the Administrative Agent and the Lenders that:

 

Section 3.1          
Organization; Powers.

 

Each of the Parent
Borrower and its Restricted Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction
of its organization, except, in the case of Restricted Subsidiaries, where the failure to do so, in the aggregate, could not reasonably
be expected to have a Material Adverse Effect, (b) has all requisite power and authority to carry on its business as now conducted
in all material respects and (c) except where the failure to do so, in the aggregate, could not reasonably be expected to have
a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification
is required. Further, each Borrower is acting as principal for its own account and not as agent or trustee in any capacity on behalf
of any party in relation to the Loan Documents.

 

Section 3.2          
Authorization; Enforceability.

 

The Transactions to
be entered into by each Loan Party are within such Loan Party’s corporate powers and have been duly authorized by all necessary
corporate and, if required, stockholder action. This Agreement has been duly executed and delivered by each Borrower and constitutes,
and each other Loan Document to which any Loan Party is to be a party, when executed and delivered by such Loan Party, will constitute,
a legal, valid and binding obligation of such Borrower or such Loan Party (as the case may be), enforceable against such Borrower
or such other Loan Party, as the case may be, in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or

 

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other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

Section 3.3           
Governmental Approvals; No Conflicts.

 

The Transactions (a)
do not require any material consent or approval of, registration or filing with, or any other action by, any Governmental Authority,
except such as have been obtained or made and are in full force and effect and except registrations or filings necessary to perfect
Liens created under the Loan Documents or to release Liens, (b) will not violate any applicable law or regulation in any material
respect or the charter, by-laws or other organizational documents of the Parent Borrower or any of its Restricted Subsidiaries
or any order of any Governmental Authority, (c) will not violate or result in a default under any material indenture, agreement
or other instrument binding upon the Parent Borrower or any of its Restricted Subsidiaries or its assets, or give rise to a right
thereunder to require any payment to be made by the Parent Borrower or any of its Restricted Subsidiaries, and (d) will not result
in the creation or imposition of any Lien on any asset of the Parent Borrower or any of its Restricted Subsidiaries, except Liens
created under the Loan Documents.

 

Section 3.4           
Financial Condition; No Material Adverse Change.

 

(a)          
The Parent Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders
equity and cash flows (i) as of and for the fiscal year ended December 31, 2018, reported on by Deloitte & Touche LLP, independent
public accountants, and (ii) as of and for the fiscal quarter ended September 28, 2019, certified by its chief financial officer.
Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows
of the Parent Borrower and its consolidated Restricted Subsidiaries as of such dates and for such periods in accordance with GAAP,
subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above.

 

(b)          
Except as disclosed in the financial statements referred to above or the notes thereto or in the Information Memorandum
and except for the Disclosed Matters, based on the facts and circumstances in existence on the Third Amendment Effective Date and
taking into consideration the likelihood of any realization with respect to contingent liabilities, after giving effect to the
transactions to occur on the Third Amendment Effective Date, none of the Parent Borrower or its Restricted Subsidiaries has, as
of the Third Amendment Effective Date, any material contingent liabilities, unusual long-term commitments or unrealized losses
to the extent required to be disclosed in accordance with GAAP.

 

(c)          
Since December 31, 2018, there has been no event or condition that has had or could reasonably be expected to have, either
individually or in the aggregate, a Material Adverse Effect.

 

Section 3.5          
Properties.

 

(a)          
Each of the Parent Borrower and its Restricted Subsidiaries has good title to, or valid leasehold interests in, all its
real and personal property material to its business, except as, in the aggregate, could not reasonably be expected to have a Material
Adverse Effect.

 

(b)         
Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect, each of the Parent Borrower
and its Restricted Subsidiaries owns, or is licensed to use, all trademarks, trade names, copyrights, patents and other intellectual
property material to its business, and the use thereof by the Parent Borrower and its Restricted Subsidiaries does not infringe
upon the rights of any other Person.

 

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Section 3.6             Litigation and Environmental Matters.

 

(a)          
There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to
the knowledge of the Parent Borrower, threatened against or affecting the Parent Borrower or any of its Restricted Subsidiaries
(i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably
be expected, in the aggregate, to have a Material Adverse Effect or (ii) that involve any of the Loan Documents or the Transactions.

 

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

 

Section 3.7          
Compliance with Laws and Agreements.

 

Each of the Parent
Borrower and its Restricted Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable
to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure
to do so, in the aggregate, could not reasonably be expected to have a Material Adverse Effect. No Default or Event of Default
has occurred and is continuing.

 

Section 3.8           
Investment Company Status.

 

Neither the Parent
Borrower nor any of its Restricted Subsidiaries is registered or required to be registered as an “investment company”
as defined in, or subject to regulation under, the Investment Company Act of 1940.

 

Section 3.9           
Taxes.

 

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

 

Section 3.10        
ERISA.

 

No ERISA Event has
occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably
expected to occur, could reasonably be expected to have a Material Adverse Effect. Except to the extent such excess could not reasonably
be expected to have a Material Adverse Effect, the present value of all accumulated benefit obligations under each Plan (based
on the assumptions used for purposes of Accounting Standards Codification Topic 715) did not, as of the date of the most recent
financial statements reflecting such amounts, exceed the fair market value of the assets of such Plan, and the present value of
all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Accounting Standards
Codification Topic 715) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair
market value of the assets of all such underfunded Plans. As of the Third Amendment Effective Date, no Borrower is or will be using
“plan assets” (within the meaning of 29 CFR § 2510.3-101, as

 

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modified by Section 3(42) of ERISA) of
one or more Benefit Plans in connection with the Loans, the Letters of Credit, the FCIs or the Commitments.

 

Section 3.11        
Disclosure.

 

Neither the Information
Memorandum nor any of the other reports, financial statements, certificates or other written information, taken as a whole, furnished
by or on behalf of any Loan Party to any Agent or any Lender in connection with the negotiation of this Agreement or any other
Loan Document or delivered hereunder or thereunder (as modified or supplemented by other information so furnished) contains any
material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that (a) with respect to projected financial information
and other forward-looking information, the Parent Borrower represents only that such information was prepared in good faith based
upon assumptions believed to be reasonable at the time, and (b) with respect to information regarding the general economy or industry,
the Parent Borrower represents only that such information was obtained from sources believed to be reliable. As of the Third Amendment
Effective Date, the information included in any Beneficial Ownership Certificate, if applicable, is true and correct in all respects.

 

Section 3.12        
Subsidiaries.

 

Schedule 3.12
sets forth the name of, and the direct and indirect ownership interest of the Parent Borrower in, each Subsidiary of the Parent
Borrower and identifies each Subsidiary that is a Subsidiary Guarantor, in each case, as of the Third Amendment Effective Date.

 

Section 3.13         
Labor Matters.

 

Except as, in the aggregate,
could not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes, lockouts, slowdowns or other labor
disputes against the Parent Borrower or any Restricted Subsidiary pending or, to the knowledge of the Parent Borrower, threatened;
(b) the hours worked by and payments made to employees of the Parent Borrower and the Restricted Subsidiaries have not been in
violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law dealing with such matters;
and (c) all payments due from the Parent Borrower or any Restricted Subsidiary, or for which any claim may be made against the
Parent Borrower or any Restricted Subsidiary, on account of wages and employee health and welfare insurance and other benefits,
have been paid or accrued as a liability on the books of the Parent Borrower or such Restricted Subsidiary. The consummation of
the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective
bargaining agreement to which the Parent Borrower or any Restricted Subsidiary is bound.

 

Section 3.14        
Solvency.

 

Immediately after the
consummation of the Transactions to occur on the Funding Date and immediately following the making of each Loan made on the Funding
Date and after giving effect to the application of the proceeds of such Loans, (a) the fair value of the assets of the Parent Borrower
and its Restricted Subsidiaries, taken as a whole, at a fair valuation, will exceed their debts and liabilities, subordinated,
contingent or otherwise; (b) the present fair saleable value of the property of the Parent Borrower and its Restricted Subsidiaries,
taken as a whole, will be greater than the amount that will be required to pay the probable liability of their debts and other
liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (c) the Parent
Borrower and its Restricted Subsidiaries, taken as a whole, will be able to pay their debts and liabilities, subordinated, contingent
or otherwise, as such debts and liabilities become absolute and matured; and (d) the Parent

 

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Borrower and its Restricted Subsidiaries,
taken as a whole, will not have unreasonably small capital with which to conduct the business in which they are engaged as such
business is now conducted and is proposed to be conducted following the Funding Date.

 

Section 3.15         
Senior Indebtedness.

 

At all times after
the issuance of any Subordinated Debt, (a) the Obligations will constitute “Senior Indebtedness” (or any comparable
concept) under and as defined in the Subordinated Debt Documents and (b) in the event that any Subsidiary Guarantees the Subordinated
Debt, the obligations of such Subsidiary Guarantor under the Guarantee and Collateral Agreement will constitute “Guarantor
Senior Indebtedness” (or any comparable concept) of such Subsidiary Guarantor under and as defined in the Subordinated Debt
Documents.

 

Section 3.16         
Security Documents.

 

The Guarantee and Collateral
Agreement is effective to create in favor of the Administrative Agent a legal, valid and enforceable security interest in the Collateral
to the extent described therein and available under the UCC. As of the Third Amendment Effective Date, Schedule 3.16 lists
all of the filing jurisdictions in which UCC-1 Financing Statements are required to be filed pursuant to the Guarantee and
Collateral Agreement. Upon filing of such UCC-1 Financing Statements, the Guarantee and Collateral Agreement creates a fully
perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral to the extent
available under the UCC, as security for the Obligations (as defined in the Guarantee and Collateral Agreement), in each case,
subject to Permitted Encumbrances or as otherwise permitted by Section 6.3, prior and superior in right to any other Person.

 

Section 3.17        
OFAC; Anti-Money Laundering Laws; Patriot Act; FCPA.

 

(a)          
Neither the Parent Borrower nor any Subsidiary nor, to the knowledge of any Responsible Officer of any Borrower or their
Subsidiaries, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity currently
the subject of any Sanctions, nor is any Borrower or any Subsidiary located, organized, resident or doing business in a Designated
Jurisdiction, except in the case of doing business to the extent permitted under the applicable Sanctions program, in each case
to the extent that the aforementioned Sanctions programs are applicable to such Loan Parties and their respective Subsidiaries.

 

(b)           Neither
the Parent Borrower nor, to the knowledge of any Responsible Officer of any Borrower or their Subsidiaries, any of its Affiliates
(i) is under investigation by any Governmental Authority for, or has been charged with, or convicted of, money laundering, drug
trafficking, terrorist-related activities or other money laundering predicate crimes under any applicable law, the rules and regulations
thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any Governmental Authority
(collectively, “Anti-Money Laundering Laws”), (ii) has been assessed civil penalties under any Anti-Money Laundering
Laws or (iii) has had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. The Parent Borrower
has taken reasonable measures appropriate to the circumstances (in any event as required by applicable Law), to ensure that the
Parent Borrower and its Subsidiaries each is and will continue to be in compliance with all applicable current and future Anti-Money
Laundering Laws.

 

(c)           Each
of the Loan Parties and their respective Subsidiaries is in compliance, in all material respects, with (a) the Trading with the
Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle
B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (b) the Uniting And Strengthening

 

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America By Providing Appropriate Tools
Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001) (the “PATRIOT Act”), in each case to
the extent that the aforementioned acts are applicable to such Loan Parties and their respective Subsidiaries.

 

(d)           No
part of the proceeds of the Loans or other extensions of credit hereunder will be used, directly or indirectly, for any payments
to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone
else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation
of the United States Foreign Corrupt Practices Act of 1977, as amended.

 

(e)           The
representations and warranties given in this Section 3.17 shall not be made by nor apply to any German Loan Party in so
far as they would violate or expose it to any liability under EU Regulation (EC) 2271/96 or Section 7 of the German Foreign Trade
Ordinance (Verordung zur Durchführung des Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung)) or any
similar anti-boycott or blocking law, regulation or statute that is in force from time to time and applicable to such entity. The
representations and warranties contained in this Section 3.17 given by any Loan Party to any Lender domiciled in Germany
(Inländer) within the meaning of Section 2 paragraph 15 of the German Foreign Trade Act (Außenwirtschaftsgesetz)
are made only to the extent that any Lender domiciled in Germany (Inländer) within the meaning of Section 2 paragraph
15 of the German Foreign Trade Act (Außenwirtschaftsgesetz) would be permitted to make such representations and warranties
pursuant to Section 7 of the German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes
(Außenwirtschaftsverordnung)).

 

Section 3.18         
Representations as to Foreign Obligors.

 

(a)          
The execution, delivery and performance by each Foreign Obligor of this Agreement and the other Loan Documents to which
it is a party (collectively as to such Foreign Obligor, the “Applicable Foreign Obligor Documents”) constitute
and will constitute private and commercial acts and not public or governmental acts. Neither such Foreign Obligor nor any of its
property has any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment
prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign
Obligor is organized and existing in respect of its obligations under the Applicable Foreign Obligor Documents.

 

(b)         
The Applicable Foreign Obligor Documents are in proper legal form under the Laws of the jurisdiction in which such Foreign
Obligor is organized and existing for the enforcement thereof against such Foreign Obligor under the Laws of such jurisdiction,
and to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Obligor Documents.
It is not necessary to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign
Obligor Documents that the Applicable Foreign Obligor Documents be filed, registered or recorded with, or executed or notarized
before, any court or other authority in the jurisdiction in which such Foreign Obligor is organized and existing or that any registration
charge or stamp or similar tax be paid on or in respect of the Applicable Foreign Obligor Documents or any other document, except
for (i) any such filing, registration, recording, execution or notarization as has been made or is not required to be made until
the Applicable Foreign Obligor Document or any other document is sought to be enforced and (ii) any charge or tax as has been timely
paid.

 

(c)         
There is no tax, levy, impost, duty, fee, assessment or other governmental charge, or any deduction or withholding, imposed
by any Governmental Authority in or of the jurisdiction in which such Foreign Obligor is organized and existing either (i) on or
by virtue of the execution or delivery of the Applicable Foreign Obligor Documents or (ii) on any payment to be made by such Foreign
Obligor

 

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pursuant to the Applicable Foreign Obligor
Documents, except as has been disclosed to the Administrative Agent.

 

(d)           The execution, delivery and performance of the Applicable Foreign Obligor Documents executed by such Foreign Obligor are,
under applicable foreign exchange control regulations of the jurisdiction in which such Foreign Obligor is organized and existing,
not subject to any notification or authorization except (i) such as have been made or obtained or (ii) such as cannot be made or
obtained until a later date (provided that any notification or authorization described in clause (ii) shall be made or obtained
as soon as is reasonably practicable).

 

Section 3.19         
EEA Financial Institution.

 

No Loan Party is an
EEA Financial Institution.

 

Section 3.20         
Covered Entities.

 

No Loan Party is a
Covered Entity.

 

Article
IV

CONDITIONS

 

Section 4.1           
[Reserved].

 

Section 4.2           
[Reserved].

 

Section 4.3           
Each Credit Event.

 

The obligation of each
Lender to make a Loan on the occasion of any Borrowing (other than any continuation of any Eurocurrency Loan or the conversion
of a Loan to a Eurocurrency Loan), and of the Issuing Lenders and FCI Issuing Lenders to issue, amend, renew or extend any Letter
of Credit or any FCI, is subject to receipt of the request therefor in accordance herewith and to the satisfaction of the following
conditions:

 

(a)          
Subject to the second-to-last paragraph of Section 2.1(b), the representations and warranties of each Loan Party
set forth in the Loan Documents shall be true and correct in all material respects (other than those representations and warranties
that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties
shall be true and correct in all respects) on and as of the date of such Borrowing or the date of issuance, amendment, renewal
or extension of such Letter of Credit or FCI, as applicable, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they shall be true and correct in all material respects (other than those representations
and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations
and warranties shall be true and correct in all respects) as of such earlier date, and except that for purposes of this Section
4.3(a), the representations and warranties contained in Section 3.4(a) shall be deemed to refer to the most recent statements
furnished pursuant to Section 5.1(a) and Section 5.1(b).

 

(b)          
Subject to the second-to-last paragraph of Section 2.1(b), at the time of and immediately after giving effect to
such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit or FCI, as applicable, no Default or Event
of Default shall have occurred and be continuing.

 

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(c)           
In the case of any initial extension of credit made under the Global Revolving Facility, the Foreign Trade Facility or the
Bilateral Foreign Trade Facility to a Foreign Subsidiary Borrower, the Administrative Agent and/or the Foreign Trade Facility Agent,
as applicable, shall have received a Foreign Subsidiary Opinion and such other documents and information with respect to such Foreign
Subsidiary Borrower as the Administrative Agent and/or the Foreign Trade Facility Agent, as applicable, may reasonably request.

 

(d)          
In the case of a credit extension hereunder to be denominated in an Alternative Currency, there shall not have occurred
any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls
which in the reasonable opinion of the Administrative Agent, the Foreign Trade Facility Agent, the Required Lenders (in the case
of any Loans to be denominated in an Alternative Currency), any Issuing Lender (in the case of any Letter of Credit to be denominated
in an Alternative Currency), any Bilateral FCI Issuing Lender (in the case of any issuance of Bilateral FCIs), the Participation
FCI Issuing Lenders (in the case of any issuance of Participation FCIs), or the Lenders with Participation FCI Commitments (in
the case of any issuance of Participation FCIs) would make it impracticable for such credit extensions to be denominated in the
relevant Alternative Currency.

 

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

 

Article
V

AFFIRMATIVE COVENANTS

 

On the Funding Date
and thereafter, until the Commitments have expired or been terminated and the principal of and interest (and premium, if any) on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit and FCIs shall have expired (without
any pending drawing) or terminated (or been fully cash collateralized or otherwise supported in a manner consistent with the terms
of Section 2.5(j) or Section 2.6(o)(iv), as applicable) and all LC Disbursements and FCI Disbursements shall have
been reimbursed, the Parent Borrower covenants and agrees with the Administrative Agent and the Lenders that:

 

Section 5.1           
Financial Statements and Other Information.

 

The Parent Borrower
will furnish to the Administrative Agent, for distribution to the Lenders and to the Foreign Trade Facility Agent:

 

(a)          
within 90 days after the end of each fiscal year of the Parent Borrower, its audited consolidated balance sheet and related
statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case
in comparative form the figures for the previous fiscal year, all reported on by Deloitte & Touche LLP or other independent
public accountants of recognized national standing (without a “going concern” or like qualification or exception and
without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements
present fairly in all material respects the financial condition and results of operations of the Parent Borrower and its consolidated
Restricted Subsidiaries on a consolidated basis in accordance with GAAP consistently applied (except as disclosed therein); provided
that delivery within the time period specified above of copies of the Annual Report on Form 10-K of the Parent Borrower filed with
the Securities and Exchange Commission shall be deemed to satisfy the requirements of this Section 5.1(a);

 

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(b)          
within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Parent Borrower, its
consolidated balance sheet and related statements of operations for such fiscal quarter and the then elapsed portion of the fiscal
year, and cash flows for the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures
for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all
certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of
operations of the Parent Borrower and its consolidated Restricted Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied (except as disclosed therein), subject to normal year-end audit adjustments and the absence of footnotes;
provided that delivery within the time period specified above of copies of the Quarterly Report on Form 10-Q of the
Parent Borrower filed with the Securities and Exchange Commission shall be deemed to satisfy the requirements of this Section
5.1(b);

 

(c)          
concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate (a “Compliance
Certificate”) of a Financial Officer of the Parent Borrower, substantially in the form of Exhibit N, (i) certifying
as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed
to be taken with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with Section
6.1, (iii) stating whether any change in GAAP or in the application thereof has occurred since the date of the Parent Borrower’s
audited financial statements referred to in Section 3.4 and, if any such change has occurred, specifying the effect of such
change on the financial statements accompanying such certificate and (iv) with respect to any Permitted Acquisition for which the
aggregate Consideration is greater than or equal to $50,000,000 and for which a certificate has not been previously delivered to
the Administrative Agent as required by the definition of Permitted Acquisition, certifying as to the matters specified in clause
(a) of the proviso in such definition;

 

(d)          
concurrently with any delivery of financial statements under clause (a) above, a certificate of the accounting firm
that reported on such financial statements stating whether they obtained knowledge during the course of their examination of such
financial statements of any Default or Event of Default (which certificate may be limited to the extent required by accounting
rules or guidelines);

 

(e)          
not later than 60 days after the commencement of each fiscal year of the Parent Borrower, a consolidated budget for such
fiscal year (including a projected consolidated balance sheet and related statements of projected operations and cash flow as of
the end of and for such fiscal year and setting forth the assumptions used for purposes of preparing such budget) and, promptly
when available, any significant revisions of such budget;

 

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

 

(g)          
promptly following any request therefor, information and documentation reasonably requested by any Agent or any Lender for
purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including
the PATRIOT Act and the Beneficial Ownership Regulation; and

 

(h)          
promptly following any request therefor, such other information regarding the operations, business affairs, financial condition
and identity of the Parent Borrower or any Restricted Subsidiary, or compliance with the terms of any Loan Document, as any Agent
or any Lender may reasonably request, including any request made by a Lender as contemplated by Section 9.15.

 

    	 	132	 

     

    

 

If the Parent Borrower
designates any of its Subsidiaries as an Unrestricted Subsidiary, the Parent Borrower shall deliver concurrently with the delivery
of any financial statements pursuant to Section 5.1(a) or Section 5.1(b), the applicable reconciliation reflecting
the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries from such consolidated financial statements.

 

The Parent Borrower
hereby acknowledges that (a) the Administrative Agent and/or BofA Securities will make available on a confidential basis to the
Foreign Trade Facility Agent, the Lenders, the Issuing Lenders and the FCI Issuing Lenders materials and/or information provided
by or on behalf of the Parent Borrower hereunder (collectively, the “Borrower Materials”) by posting the Parent
Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the
Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information
with respect to the Parent Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged
in investment and other market-related activities with respect to such Person’s securities. The Parent Borrower hereby agrees
that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC”
which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking
Borrower Materials “PUBLIC,” the Parent Borrower shall be deemed to have authorized the Administrative Agent and BofA
Securities to treat such Borrower Materials as not containing any material non-public information with respect to the Parent Borrower
or its securities for purposes of United States federal and state securities laws (provided, however, that to the
extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 9.11); (y) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public
Investor;” and (z) the Administrative Agent and BofA Securities shall be entitled to (and agree to) treat any Borrower Materials
that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public
Investor.” Notwithstanding the foregoing, the Parent Borrower shall be under no obligation to mark any Borrower Materials
“PUBLIC”.

 

Section 5.2           
Notices of Material Events.

 

The Parent Borrower
will furnish to the Administrative Agent, for distribution to the Lenders, and to the Foreign Trade Facility Agent prompt written
notice, upon any Financial Officer having knowledge of the following:

 

(a)           
the occurrence of any Default or Event of Default;

 

(b)           the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against
or affecting the Parent Borrower or any Affiliate thereof that could reasonably be expected to have a Material Adverse Effect;

 

(c)           
the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, could reasonably
be expected to result in liability of the Parent Borrower and its Restricted Subsidiaries in an aggregate amount exceeding $25,000,000;

 

(d)           after the occurrence of the Ratings Event, any casualty or other insured damage to any material portion of any Collateral
or the commencement of any action or proceeding for the taking of any material portion of the Collateral or interest therein under
power of eminent domain or by condemnation or similar proceeding that could reasonably be expected to reduce the value of the Collateral
by an aggregate amount in excess of $25,000,000; and

 

(e)          
any development that has resulted in, or could reasonably be expected to have, a Material Adverse Effect.

 

    	 	133	 

     

    

 

Each notice delivered
under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Parent Borrower
setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect
thereto.

 

Section 5.3           
Information Regarding Collateral.

 

(a)          
The Parent Borrower will furnish to the Administrative Agent prompt written notice of any change (i) in any Loan Party’s
legal name, (ii) in the jurisdiction of organization of any Loan Party, (iii) in any Loan Party’s company type or (iv) in
any Loan Party’s Federal taxpayer identification number. Unless the Parent Borrower shall have provided to the Administrative
Agent at least 15 days’ prior written notice of any such change, the Parent Borrower agrees not to effect or permit any change
referred to in the preceding sentence until such time as all filings have been made under the UCC or otherwise that are required
in order for the Administrative Agent to continue at all times following such change to have a valid, legal and perfected security
interest in all the Collateral to the same extent as before such change.

 

(b)          
On each Collateral Date, the Parent Borrower shall deliver to the Administrative Agent a certificate of a Financial Officer
of the Parent Borrower setting forth (i) the information required by Section 5.11 and (ii) a summary of any change referred
to in the first sentence of paragraph (a) above that has occurred since the immediately preceding Collateral Date (or, in
the case of the first Collateral Date, since the Funding Date).

 

Section 5.4           
Existence.

 

The Parent Borrower
will, and will cause each of its Restricted Subsidiaries to, (a) preserve, renew and keep in full force and effect its legal existence;
provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section
6.4 and (b) maintain all rights, licenses, permits, privileges, franchises, patents, copyrights, trademarks and trade names
material to the conduct of its business, except to the extent that the failure to do so could not reasonably be expected to have
a Material Adverse Effect.

 

Section 5.5          
Payment of Obligations.

 

The Parent Borrower
will, and will cause each of its Restricted Subsidiaries to, pay its material Indebtedness and other obligations, including material
Tax liabilities, before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being
contested in good faith in an appropriate manner, (b) the Parent Borrower or such Restricted Subsidiary has set aside on its books
adequate reserves with respect thereto in accordance with GAAP, (c) such contest effectively suspends collection of the contested
obligation and the enforcement of any Lien securing such obligation and (d) the failure to make payment pending such contest could
not reasonably be expected to have a Material Adverse Effect.

 

Section 5.6           
Maintenance of Properties.

 

The Parent Borrower
will, and will cause each of its Restricted Subsidiaries to, keep and maintain all property material to the conduct of its business
in good condition, ordinary obsolescence, wear and tear excepted and except where the failure to do so, in the aggregate, could
not reasonably be expected to have a Material Adverse Effect.

 

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Section 5.7           
Insurance.

 

The Parent Borrower
will, and will cause each of its Restricted Subsidiaries to, maintain, with financially sound and reputable insurance companies
(a) insurance in such amounts (with no greater risk retention) and against such risks as are customarily maintained by companies
of established repute engaged in the same or similar businesses operating in the same or similar locations and (b) all insurance
required to be maintained pursuant to the Security Documents. The Parent Borrower will furnish to the Lenders, upon request of
the Administrative Agent but not more frequently than once in any fiscal year, information in reasonable detail as to the insurance
so maintained; provided that upon and during the continuance of an Event of Default, the Parent Borrower will furnish promptly
such insurance information upon request from time to time.

 

Section 5.8           
Books and Records; Inspection and Audit Rights.

 

The Parent Borrower
will, and will cause each of its Restricted Subsidiaries to, keep proper books of record and account in which full, true and correct
entries are made of all dealings and transactions in relation to its business and activities. The Parent Borrower will, and will
cause each of its Restricted Subsidiaries to, permit any representatives (which may include any Lender) designated by any Agent,
upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and
to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times during
normal business hours and as often as reasonably requested; provided that the Agents shall not exercise such inspection
and audit rights at the expense of the Parent Borrower more often than one time during any calendar year absent the existence of
an Event of Default.

 

Section 5.9           
Compliance with Laws and Contractual Obligations.

 

The Parent Borrower
will, and will cause each of its Restricted Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental
Authority (including Environmental Laws) and all Contractual Obligations applicable to it or its property, except where the failure
to do so, in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 

Section 5.10        
Use of Proceeds and Letters of Credit and FCIs.

 

The proceeds of the
Domestic Revolving Loans and the Global Revolving Loans will be used (a) to refinance existing indebtedness, and (b) for lawful
corporate purposes of the Parent Borrower and its Restricted Subsidiaries. The proceeds of the Term Loan A will be used to refinance
existing indebtedness. The Letters of Credit (other than Non-Financial Letters of Credit) will be used to issue financial and performance
letters of credit requested by any Borrower on behalf of itself or any of its Restricted Subsidiaries or Joint Ventures. The FCIs
and Non-Financial Letters of Credit will be used only for the operational business of the Parent Borrower, its Restricted Subsidiaries
and Joint Ventures; provided that no FCI or Non-Financial Letter of Credit may be issued for the benefit of financial creditors,
except for a Counter-Guarantee supporting another FCI. No part of the proceeds of any Loan will be used, nor any Letter of Credit
or FCI issued, in each case whether directly or indirectly, for any purpose that entails a violation of any of the Regulations
of the Board, including Regulations U and X.

 

Section 5.11        
Additional Collateral.

 

(a)          
On each Collateral Date, the Parent Borrower will notify the Administrative Agent of the identity of any Wholly Owned Subsidiary
that is not already a Subsidiary Guarantor and promptly after such Collateral Date will (i) in the case of each such Wholly Owned
Subsidiary that is a Material Subsidiary, cause such Subsidiary (unless it is an Unrestricted Subsidiary, a Foreign Subsidiary
(or a Subsidiary thereof) or a Receivables Entity) to become a “Subsidiary Guarantor” and a “Grantor” under

 

    	 	135	 

     

    

 

the Guarantee and Collateral Agreement
and, after the occurrence of the Ratings Event, each other relevant Security Document, (ii) cause the Capital Stock of such Wholly
Owned Subsidiary (unless it is an Unrestricted Subsidiary) to be pledged pursuant to the Guarantee and Collateral Agreement (except
that, (A) if such Subsidiary is a Foreign Subsidiary (or a Subsidiary thereof), no Capital Stock of such Subsidiary shall be pledged
unless such Subsidiary is a Material Subsidiary that is directly owned by the Parent Borrower or a Subsidiary Guarantor, and then
the amount of voting stock of such Subsidiary to be pledged pursuant to the Guarantee and Collateral Agreement shall be limited
to 65% of the outstanding shares of voting stock of such Subsidiary, (B) if such Subsidiary is a Receivables Entity, no shares
of Capital Stock of such Subsidiary shall be pledged if the documentation relating to the Receivables sale, factoring or securitization
to which such Receivables Entity is a party expressly prohibits such pledge, (C) if the pledge of the Capital Stock of any such
Wholly Owned Subsidiary would result in a violation of any laws, regulations or orders of any Governmental Authority, no shares
of the Capital Stock of such Subsidiary shall be pledged, (D) no Capital Stock of SPX International GmbH, a cooperative association
established under the laws of Germany, shall be pledged, (E) neither the Parent Borrower nor any Subsidiary Guarantor shall be
required to pledge any Capital Stock of Ballantyne Holding Company, and, for the avoidance of doubt, none of Ballantyne Company,
SPX Clyde Luxembourg S.à r.l. or SPX Clyde UK Limited shall be required to be a “Grantor” under the Guarantee
and Collateral Agreement, (F) Capital Stock shall not be required to be pledged to the extent that the Guarantee and Collateral
Agreement expressly provides that such Capital Stock is not required to be pledged, and (G) no Capital Stock of any Subsidiary
that is not a Material Subsidiary shall be required to be pledged (notwithstanding anything set forth in the Guarantee and Collateral
Agreement) so long as the aggregate assets of all such Subsidiaries whose Capital Stock is not pledged as Collateral pursuant to
this clause (G) does not exceed $25,000,000 when taken together for all such Subsidiaries (excluding the assets of any Subsidiary
the Capital Stock of which is not required to be pledged pursuant to clauses (A) – (F)) on an aggregate basis)
and (iii) except in the case of an Unrestricted Subsidiary, a Foreign Subsidiary (or a Subsidiary thereof) or a Receivables Entity,
take all steps required pursuant to this Section 5.11, Section 5.12 and the relevant Security Documents to create
and perfect Liens in the relevant property of such Subsidiary; provided that the Parent Borrower and its Restricted Subsidiaries
shall not be required to comply with the requirements of this Section 5.11(a) if the Administrative Agent, in its sole discretion,
determines that the cost or other negative consequence to the Parent Borrower and its Restricted Subsidiaries of such compliance
is excessive in relation to the value of the collateral security to be afforded thereby.

 

(b)          
In the event the Parent Borrower obtains a corporate credit family rating from Moody’s and a corporate credit rating
from S&P, promptly, and in any event within 60 days (or such longer period as is reasonably acceptable to the Administrative
Agent), following the first date on which the corporate family rating of the Parent Borrower from Moody’s is less than “Ba2”
(or not rated by Moody’s) and the corporate credit rating of the Parent Borrower from S&P is less than “BB”
(or not rated by S&P) (such date, the “Ratings Event”), the Parent Borrower shall (i) execute and deliver,
and cause each Subsidiary Guarantor to execute and deliver, to the Administrative Agent security documents, in form and substance
reasonably satisfactory to the Administrative Agent, pursuant to which the Parent Borrower and each Subsidiary Guarantor shall
grant to the Administrative Agent, for the benefit of the Lenders, a security interest in all property of such Person (but excluding
(A) all real property (whether owned or leased) and leaseholds, (B) Capital Stock not required to be pledged pursuant to Section
5.11(a), (C) assets for which the pledge thereof or grant, or perfection, of a Lien thereon would result in a default, breach
or other violation or right of termination under then-existing Contractual Obligations or laws, regulations or orders of any Governmental
Authority, (D) any personal property (including titled vehicles) in respect of which perfection of a Lien is not governed by the
UCC or, in respect of registered intellectual property, a filing in the USPTO (if required) or the U.S. Copyright Office, (E) any
intellectual property to the extent a security interest therein is not perfected by filing a UCC financing statement or, in respect
of registered intellectual property, a filing in the USPTO (if required) or the U.S. Copyright Office, (F) any intellectual property
if the grant, or perfection, of a security interest therein shall constitute or result in (i) the

 

    	 	136	 

     

    

 

abandonment, invalidation or rendering
unenforceable of any right, title or interest of any Grantor (as defined in the Guarantee and Collateral Agreement) therein, (ii)
the breach or termination pursuant to the terms of, or a default under, any contract or agreement related to such intellectual
property or (iii) the violation of any applicable law, (G) any general intangible if the grant, or perfection, of a security interest
therein (i) shall violate any applicable law or be prohibited by any contract, agreement, instrument or indenture governing such
general intangible, (ii) would give any other party to such contract, agreement, instrument or indenture the right to terminate
its obligations thereunder or (iii) is permitted only with the consent of another party to such contract, if such consent has not
been obtained; provided in any such case the prohibition is not rendered ineffective by the UCC (including the provisions
of Section 9-407 and 9-408) or other applicable laws, (H) any lease, license, contract, property rights or agreement to which any
Grantor (as defined in the Guarantee and Collateral Agreement) is a party or any of its rights or interests thereunder if the grant,
or perfection, of a security interest therein (i) shall violate any applicable law or be prohibited by any contract, agreement,
instrument or indenture governing such lease, license, contract, property rights or agreement, (ii) would give any other party
to such contract, agreement, instrument or indenture the right to terminate its obligations thereunder, (iii) is permitted only
with the consent of another party to such contract, if such consent has not been obtained, (iv) shall constitute or result in the
abandonment, invalidation or unenforceability of any right, title or interest of any Grantor (as defined in the Guarantee and Collateral
Agreement) therein or (v) shall constitute or result in a breach or termination pursuant to the terms of, or a default under, any
such lease, license, contract, property rights or agreement; provided in any such case the prohibition is not rendered ineffective
by the UCC (including the provisions of Section 9-407 and 9-408) or other applicable laws, (I) any Exempt Deposit Accounts and
(J) those other assets that are, in the reasonable judgment of the Administrative Agent, customarily excluded from security documents)
that is not already subject to a perfected first priority Lien (except as permitted by Section 6.3) in favor of the Administrative
Agent and (ii) take, and cause the relevant Restricted Subsidiaries to take, such actions as shall be necessary or reasonably requested
by the Administrative Agent to grant and perfect such Liens, including actions described in Section 5.12, all at the expense
of the Loan Parties; provided that the Parent Borrower and its Restricted Subsidiaries shall not be required to comply with
the requirements of this Section 5.11(b) if the Administrative Agent, in its sole discretion, determines that the cost or
other negative consequence to the Parent Borrower and its Restricted Subsidiaries of such compliance is excessive in relation to
the value of the collateral security to be afforded thereby.

 

(c)          
If, as of any Collateral Date following the Ratings Event, any property of the Parent Borrower, any Subsidiary Guarantor
that is a “Grantor” under any Security Document or any Restricted Subsidiary that is required to become a “Grantor”
pursuant to Section 5.11(a) is not already subject to a perfected first priority Lien (except to the same extent as not
required pursuant to Section 5.11(b) or as permitted by Section 6.3) in favor of the Administrative Agent, the Parent
Borrower will notify the Administrative Agent thereof, and, promptly after such Collateral Date, will cause such assets to become
subject to a Lien under the relevant Security Documents and will take, and cause the relevant Restricted Subsidiary to take, such
actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect such Liens, including actions
described in Section 5.12, all at the expense of the Loan Parties; provided that the Parent Borrower and its Restricted
Subsidiaries shall not be required to comply with the requirements of this Section 5.11(c) if the Administrative Agent,
in its sole discretion, determines that the cost or other negative consequences to the Parent Borrower and its Restricted Subsidiaries
of such compliance is excessive in relation to the value of the collateral security to be afforded thereby.

 

(d)          
Notwithstanding anything to the contrary in this Section 5.11 or any other Loan Document, prior to the occurrence
of the Ratings Event, no property other than Capital Stock (subject to the exceptions specified in Section 5.11(a)) shall
be required to become Collateral.

 

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(e)          
Promptly, and in any event within 60 days (or such longer period as is reasonably acceptable to the Administrative Agent),
following the first date after the Release Date on which the corporate family rating of the Parent Borrower from Moody’s
is less than “Baa3” (or not rated by Moody’s) and the corporate credit rating of the Parent Borrower from S&P
is less than “BBB-” (or not rated by S&P), the Parent Borrower shall (i) execute and deliver, and cause each Subsidiary
Guarantor to execute and deliver, to the Administrative Agent security documents, in form and substance reasonably satisfactory
to the Administrative Agent, pursuant to which the Parent Borrower and each Subsidiary Guarantor shall grant to the Administrative
Agent, for the benefit of the holders of the Obligations, a security interest in all property (and types of property) of such Person
that constituted Collateral under the Guarantee and Collateral Agreement as in effect immediately prior to the Release Date (and,
for the avoidance of doubt, shall not include Capital Stock not required to be pledged pursuant to Section 5.11(a) or other
assets not required to be subjected to a Lien pursuant to Section 5.11(b)) and (ii) take, and cause the relevant Restricted
Subsidiaries to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect
such Liens, including actions described in Section 5.12, all at the expense of the Loan Parties.

 

(f)           
Notwithstanding anything to the contrary in this Section 5.11 or any other Loan Document, the Administrative Agent
and the Lenders shall not have Liens on (and shall, at the request and expense of the Parent Borrower, timely release any purported
Liens on): (i) the assets transferred to a Receivables Entity and assets of such Receivables Entity, (ii) the Receivables and related
assets (of the type specified in the definition of “Qualified Receivables Transaction”) transferred, or in respect
of which security interests are granted, pursuant to a Qualified Receivables Transaction, (iii) if the documentation relating to
the Receivables sale, factoring or securitization to which such Receivables Entity is a party expressly prohibits such a Lien,
the Capital Stock or debt (whether or not represented by promissory notes) of or issued by a Receivables Entity to the Parent Borrower
or any of its Restricted Subsidiaries, in each case in connection with a Qualified Receivables Transaction permitted by Section
6.6(c) and (iv) Capital Stock not required to be pledged pursuant to Section 5.11(a), (b) or (c). Notwithstanding
anything to the contrary in this Section 5.11 or any other Loan Document, neither the Parent Borrower nor any of the Subsidiary
Guarantors shall be required to take any action to perfect the security interest of the Administrative Agent in the Collateral
other than (i) filing UCC financing statements, (ii) delivering Capital Stock required to be pledged pursuant to Sections 5.11(a),
(b) and (c) (including stock powers endorsed in blank and other appropriate instruments of transfer), (iii) [reserved]
and (iv) executing, delivering, filing and recording notices of grants of security interest with the United States Patent Office
and/or United States Copyright Office.

 

(g)          
Notwithstanding anything herein to the contrary, no Foreign Subsidiary (or any Subsidiary thereof) shall, or shall be deemed
to, guarantee any Borrowing by the Parent Borrower, and no assets of any Foreign Subsidiary (or Subsidiary thereof) shall be given
as security for such Borrowing. This provision is meant to prevent any inclusions pursuant to Section 956 of the Code and shall
be interpreted in accordance therewith.

 

Section 5.12        
Further Assurances.

 

The Parent Borrower
will, and will cause each of the Restricted Subsidiaries to, execute any and all further documents, financing statements, agreements
and instruments, and take all such further actions (including the filing and recording of financing statements and other documents),
which may be required under any applicable law, or which the Administrative Agent may reasonably request, to effectuate the transactions
contemplated by the Loan Documents or to grant, preserve, protect or perfect the Liens created or intended to be created by the
Security Documents or the validity or priority of any such Lien, all at the expense of the Loan Parties. The Parent Borrower also
agrees to provide to the Administrative

 

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Agent, from time to time upon request,
evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens created or intended
to be created by the Security Documents.

 

Section 5.13         
Unrestricted Subsidiaries.

 

(a)          
The Parent Borrower may at any time after the Funding Date, substantially contemporaneously upon the organization or acquisition
of any Subsidiary, designate such Subsidiary as an Unrestricted Subsidiary, or designate any Restricted Subsidiary as an Unrestricted
Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided, that, (i) immediately before and after such
designation (x) no Default or Event of Default shall have occurred and be continuing, and (y) the Parent Borrower shall be in compliance,
on a pro forma basis after giving effect to such designation, with the covenants contained in Section 6.1, in each
case recomputed as at the last day of the most recently ended fiscal quarter of the Parent Borrower for which the relevant information
is available as if such designation had occurred on the first day of each relevant period for testing such compliance; (ii) no
Unrestricted Subsidiary shall own any Capital Stock in any Borrower or any Restricted Subsidiary; (iii) no Unrestricted Subsidiary
shall hold any Indebtedness of, or any Lien on any property of, any Borrower or any Restricted Subsidiary; and (iv) no Restricted
Subsidiary may be designated an Unrestricted Subsidiary if it was previously designated an Unrestricted Subsidiary.

 

(b)           The designation of any Subsidiary as an Unrestricted Subsidiary after the Funding Date shall constitute an Investment by
the Parent Borrower therein at the date of designation in an amount equal to the fair market value as determined in good faith
by the Parent Borrower of such Investment.

 

(c)          
The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence by the Parent
Borrower at the time of such designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time.

 

Section 5.14         
Anti-Corruption Laws; Sanctions.

 

The Parent Borrower
will, and will cause each of its Subsidiaries to, (a)(i) conduct its businesses in compliance, in all material respects, with the
United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other applicable anti-corruption legislation
in other jurisdictions and (ii) maintain policies and procedures designed to promote and achieve compliance, in all material respects,
with such laws; and (b)(i) conduct its businesses in compliance, in all material respects with all applicable Sanctions, and (ii)
maintain policies and procedures designed to promote and achieve compliance with such Sanctions.

 

Article
VI

NEGATIVE COVENANTS

 

On the Funding Date
and thereafter, until the Commitments have expired or terminated and the principal of and interest (and premium, if any) on each
Loan and all fees payable hereunder have been paid in full and all Letters of Credit and FCIs have expired (without any pending
drawing) or terminated (or been fully cash collateralized or otherwise supported in a manner consistent with the terms of Section 2.5(j)
or Section 2.6(o)(iv), as applicable) and all LC Disbursements and FCI Disbursements shall have been reimbursed, the Parent
Borrower covenants and agrees with the Lenders that:

 

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Section 6.1             Financial Condition Covenants.

 

(a)             Consolidated Leverage Ratio. The Parent Borrower will not permit the Consolidated Leverage Ratio as at the last day
of any fiscal quarter of the Parent Borrower to exceed 3.75 to 1.0; provided that: (i) upon notice from the Parent Borrower
to the Administrative Agent, as of the last day of any fiscal quarter of the Parent Borrower ending within the four fiscal quarters
immediately following a Permitted Acquisition with Consideration in excess of $100,000,000, the Consolidated Leverage Ratio may
increase to no more than 4.00 to 1.0 (the “4.00x Leverage Increase”); provided, further that the
Consolidated Leverage Ratio as at the last day of any fiscal quarter of the Parent Borrower shall be 3.75 to 1.0 for at least one
full fiscal quarter before another 4.00x Leverage Increase or a 4.25x Leverage Increase may be exercised; and (ii) upon notice
from the Parent Borrower to the Administrative Agent, as of the last day of any fiscal quarter of the Parent Borrower ending within
the four fiscal quarters immediately following a Permitted Acquisition (A) with Consideration in excess of $100,000,000, and (B)
for which the Parent Borrower has incurred at least $150,000,000 of unsecured Indebtedness that is permitted by this Agreement,
the proceeds of which will be used solely to finance such Permitted Acquisition and any related transaction fees and expenses,
the Consolidated Leverage Ratio may increase to no more than 4.25 to 1.0 (the “4.25x Leverage Increase”); provided,
further that the Consolidated Leverage Ratio as at the last day of any fiscal quarter of the Parent Borrower shall be 3.75
to 1.0 for at least one full fiscal quarter before another 4.25x Leverage Increase or a 4.00x Leverage Increase may be exercised.

 

(b)             Consolidated Interest Coverage Ratio. The Parent Borrower will not permit the Consolidated Interest Coverage Ratio
as of the last day of any fiscal quarter of the Parent Borrower to be less than 3.00 to 1.0.

 

Section 6.2             Indebtedness.

 

The Parent Borrower
will not, and will not permit any Restricted Subsidiary to, create, incur, assume (collectively, “Incur”) or
permit to exist (except as provided below) any Indebtedness, except:

 

(a)             Indebtedness created under the Loan Documents;

 

(b)             subordinated debt of the Parent Borrower (including any Permitted Refinancings thereof or any subordinated debt which is
in exchange for existing subordinated debt of the Parent Borrower), so long as (i) such Indebtedness has no scheduled principal
payments prior to the date that is six months after the latest maturity date then in effect for Loans hereunder, (ii) the covenants
and defaults, taken as a whole, contained in the Subordinated Debt Documents are not materially more restrictive than those contained
in this Agreement, as agreed to by the Administrative Agent acting reasonably, and (iii) the Subordinated Debt Documents contain
subordination terms that are no less favorable in any material respect to the Lenders than those applicable to offerings of “high-yield”
subordinated debt by similar issuers of similar debt at or about the same time, as agreed to by the Administrative Agent acting
reasonably;

 

(c)             Indebtedness existing on the Third Amendment Effective Date and set forth in Section 6.2 of the Disclosure Letter and Permitted
Refinancings thereof;

 

(d)             Indebtedness of the Parent Borrower to any Restricted Subsidiary and of any Restricted Subsidiary to the Parent Borrower
or any other Restricted Subsidiary; provided that Indebtedness pursuant to this paragraph (d) of any Restricted
Subsidiary that is not a Wholly Owned Subsidiary Guarantor shall be subject to Section 6.5;

 

(e)             Indebtedness relating to reimbursement and related obligations in connection with surety, indemnity, performance, warranty,
release and appeal bonds or instruments, bank guarantees, letters of

 

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credit, and guarantees of any of the foregoing
in each case supporting obligations not constituting Indebtedness for borrowed money and obtained in the ordinary course of business;

 

(f)              Guarantees by the Parent Borrower of Indebtedness of any Restricted Subsidiary and by any Restricted Subsidiary of Indebtedness
of the Parent Borrower or any other Restricted Subsidiary; provided that (i) Guarantees pursuant to this paragraph (f)
of Indebtedness of any Restricted Subsidiary that is not a Wholly Owned Subsidiary Guarantor shall be subject to Section 6.5,
(ii) a Restricted Subsidiary shall not Guarantee the Indebtedness of any Loan Party unless such Restricted Subsidiary has also
Guaranteed the Obligations pursuant to the Guarantee and Collateral Agreement and (iii) Guarantees pursuant to this paragraph
(f) of Subordinated Debt shall be subordinated to the Guarantee of the Obligations pursuant to the Guarantee and Collateral
Agreement on terms no less favorable to the Lenders than the subordination provisions of the Subordinated Debt;

 

(g)             (i) Indebtedness of the Parent Borrower or any Restricted Subsidiary Incurred to finance the acquisition, construction or
improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with
the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and Permitted Refinancings
thereof; provided that such Indebtedness (other than any such Permitted Refinancings) is Incurred prior to or within 90
days after such acquisition or the completion of such construction or improvement and (ii) Attributable Debt in connection with
Sale/Leaseback Transactions involving fixed or capital assets, if at the time of Incurrence thereof, after giving effect thereto,
the aggregate principal amount of all Specified Indebtedness shall not exceed an amount equal to 15% of the Total Consolidated
Assets;

 

(h)             Indebtedness of any Person that becomes a Restricted Subsidiary after the Effective Date and Permitted Refinancings thereof;
provided that (i) such Indebtedness (other than any such Permitted Refinancings) exists at the time such Person becomes
a Restricted Subsidiary and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary
and (ii) at the time of Incurrence thereof (whether before or after the Funding Date) and after giving effect thereto, the aggregate
principal amount of all Specified Indebtedness shall not exceed an amount equal to 15% of the Total Consolidated Assets;

 

(i)              Indebtedness to finance the general working capital needs of the Parent Borrower and its Restricted Subsidiaries, incurred
after the Domestic Revolving Maturity Date and the Global Revolving Maturity Date, in an aggregate principal amount not to exceed
the amount of the total Revolving Commitments as in effect immediately prior to such date; provided that (i) the Revolving
Commitments shall have been or shall concurrently be terminated, the Domestic Revolving Loans, Global Revolving Loans and Swingline
Loans shall have been or shall concurrently be repaid in full, all LC Disbursements shall have been repaid in full and all Financial
Letters of Credit and Non-Financial Letters of Credit shall have been or shall concurrently be cancelled or replaced or cash collateralized
or other arrangements reasonably satisfactory to the Administrative Agent, the Foreign Trade Facility Agent and the applicable
Issuing Lenders shall have been made and (ii) the terms and conditions of such replacement working capital facility (including
any arrangements for sharing of collateral, which the Administrative Agent shall enter into with the Parent Borrower and other
relevant Loan Parties and the applicable lender(s)) are, taken as a whole, not materially less favorable to the Parent Borrower
and its Restricted Subsidiaries or the Lenders than the provisions contained herein;

 

(j)              Indebtedness relating to reimbursement and related obligations in connection with letters of credit, bank guarantees or
surety instruments obtained in the ordinary course of business, and guarantees of the foregoing, in an aggregate face amount not
exceeding $50,000,000 at any time outstanding (which may be secured); provided that, in the case of any such Indebtedness
pursuant to this clause (j) that is secured, at the time of Incurrence thereof, after giving effect thereto, the aggregate

 

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principal amount of all Specified Indebtedness
shall not exceed an amount equal to 15% of the Total Consolidated Assets;

 

(k)             Indebtedness of Foreign Subsidiaries and any other Restricted Subsidiary that is not a Loan Party; provided that,
(i) at the time of Incurrence thereof, after giving effect thereto, the aggregate principal amount of all Specified Indebtedness
shall not exceed an amount equal to 15% of the Total Consolidated Assets (with the amount of Indebtedness under overdraft lines
or cash management facilities being determined net of cash held for the benefit of the relevant Subsidiary by the institution creating
such overdraft or cash management facility), (ii) the aggregate principal amount of such Indebtedness that is secured Indebtedness,
when taken together with Indebtedness outstanding pursuant to Section 6.2(r) that is secured, shall not exceed $50,000,000
at any time outstanding, and (iii) to the extent that any Liens secure such Indebtedness, such Liens either shall have been granted
pursuant to the Security Documents or shall be otherwise permitted under Section 6.3(i) and, to the extent deemed necessary
or appropriate by the Administrative Agent in its sole discretion, any such secured Indebtedness shall be subject to an intercreditor
agreement in form and substance reasonably acceptable to the Administrative Agent;

 

(l)              unsecured Indebtedness of any Loan Party (and any unsecured Guarantees of such Indebtedness by any other Loan Party to the
extent permitted by Section 6.2(f)) and any Permitted Refinancings of any such Indebtedness that are Incurred by any Loan
Party and that are unsecured (and any unsecured Guarantees of such Indebtedness by any other Loan Party to the extent permitted
by Section 6.2(f)); provided that, with respect to all Indebtedness permitted by this paragraph (l) (including
any extension, renewal or replacement thereof), (i) such Indebtedness has no scheduled principal payments prior to the latest maturity
date then in effect for Loans hereunder (provided that this clause (i) shall not apply to bridge Indebtedness incurred by
any Loan Party, so long as (A) at the initial maturity of such bridge Indebtedness, such bridge Indebtedness shall automatically
convert to (or would be required to be exchanged for) Indebtedness that complies with this clause (i), and (B) the only prepayments
required to be made on such bridge Indebtedness shall be such prepayments as are customary for similar bridge financings in light
of then-prevailing market conditions (as determined by the Parent Borrower in consultation with the Administrative Agent)), (ii)
the covenants and defaults, taken as a whole, contained in the documentation for such Indebtedness are not materially more restrictive
than those contained in this Agreement, as agreed to by the Administrative Agent acting reasonably, (iii) no Specified Default
shall have occurred and be continuing, or would occur after giving effect to the Incurrence of such Indebtedness, and (iv) the
Parent Borrower shall be in compliance, on a pro forma basis after giving effect to the Incurrence of such Indebtedness,
with the covenants contained in Section 6.1, in each case recomputed as at the last day of the most recently ended fiscal
quarter of the Parent Borrower for which the financial statements were (or were required to be) delivered pursuant to Section
5.1(a) or (b) as if such Incurrence had occurred on the first day of each relevant period for testing such compliance
(as demonstrated in a certificate of a Financial Officer delivered to the Administrative Agent not more than two Business Days
prior to such Incurrence);

 

(m)            Receivables Transaction Attributed Indebtedness and all yield, interest, fees, indemnities and other amounts related thereto;
provided that the related Qualified Receivables Transaction shall be subject to Section 6.6(c);

 

(n)             [Reserved];

 

(o)             (i) Hedging Agreements, so long as such agreements are not entered into for speculative purposes and (ii) conveyances of
bank drafts received in the ordinary course of business to financial institutions in exchange for discounted cash payments;

 

(p)             [Reserved];

 

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(q)            other Indebtedness of any Loan Party in an aggregate principal amount not exceeding $150,000,000 at any time outstanding;
provided that, in the case of any such Indebtedness pursuant to this clause (q) that is secured, at the time of Incurrence
thereof, after giving effect thereto, the aggregate principal amount of all Specified Indebtedness shall not exceed an amount equal
to 15% of the Total Consolidated Assets;

 

(r)             borrowed money Indebtedness and/or Indebtedness relating to reimbursement and related obligations in connection with letters
of credit, bank guarantees or other credit instruments issued for the account of any Chinese Subsidiary, any Indian Subsidiary
or any other Foreign Subsidiary pursuant to a facility or facilities provided by one or more financial institutions; provided,
that the aggregate principal amount of such borrowed money Indebtedness and the face amount of such letters of credit, bank guarantees
or other credit instruments at any time outstanding under one or more facilities pursuant to this clause (r) shall not exceed
$50,000,000; provided that, (i) the aggregate principal amount of such Indebtedness that is secured Indebtedness, when taken
together with Indebtedness outstanding pursuant to Section 6.2(k) that is secured, shall not exceed $50,000,000 at any time
outstanding, and (ii) to the extent that any Liens secure such Indebtedness, such Liens either shall have been granted pursuant
to the Security Documents or shall be otherwise permitted under Section 6.3(i) and, to the extent deemed necessary or appropriate
by the Administrative Agent in its sole discretion, any such secured Indebtedness shall be subject to an intercreditor agreement
in form and substance reasonably acceptable to the Administrative Agent;

 

(s)            Indebtedness assumed in connection with any Permitted Acquisition after the Funding Date so long as such Indebtedness is
not incurred in contemplation of such Permitted Acquisition, and any Permitted Refinancings of any such Indebtedness; and

 

(t)             (i) Incremental Equivalent Indebtedness; provided that (A) the aggregate principal amount of such Indebtedness outstanding
at any time, plus the aggregate principal amount of borrowings of Incremental Term Loans outstanding at any time and Commitment
increases pursuant to Section 2.1(b) in effect at any time, shall not exceed, as of any date of determination, the Incremental
Amount, (B) no Default or Event of Default shall have occurred and be continuing, or would occur after giving effect to the Incurrence
of such Indebtedness, and (C) the Parent Borrower shall be in compliance, on a pro forma basis after giving effect to the
Incurrence of such Indebtedness (and assuming for such purposes that such Indebtedness is fully drawn), with the covenants contained
in Section 6.1, in each case recomputed as at the last day of the most recently ended fiscal quarter of the Parent Borrower
for which the financial statements were (or were required to be) delivered pursuant to Section 5.1(a) or (b) as if
such Incurrence had occurred on the first day of each relevant period for testing such compliance; and (ii) Permitted Refinancings
of any Incremental Equivalent Indebtedness permitted pursuant to Section 6.2(t)(i).

 

For purposes of determining compliance
with this Section 6.2, (i) in the event that an item of Indebtedness (or any portion thereof) meets the criteria of more
than one of the categories of Indebtedness described in this Section 6.2, the Parent Borrower may classify, at the time
of incurrence, such item of Indebtedness (or any portion thereof) in any such category and will only be required to include such
Indebtedness (or any portion thereof) in one of the categories of Indebtedness permitted in this Section 6.2 and (ii) at
the time of incurrence, the Parent Borrower may divide and classify an item of Indebtedness (or any portion thereof) in more than
one of the categories of Indebtedness permitted in this Section 6.2.

 

Section 6.3             Liens.

 

The Parent Borrower
will not, and will not permit any Restricted Subsidiary to, Incur or permit to exist any Lien on any property or asset now owned
or hereafter acquired by it, or assign or sell any income or revenues (including Receivables) or rights in respect of any thereof,
except:

 

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(a)            Liens created under the Loan Documents;

 

(b)            Permitted Encumbrances;

 

(c)            any Lien on any property or asset of the Parent Borrower or any Restricted Subsidiary existing on the Third Amendment Effective
Date and set forth in Section 6.3 of the Disclosure Letter; provided that (i) such Lien shall not apply to any other property
or asset of the Parent Borrower or any Restricted Subsidiary (other than improvements, accessions, proceeds, dividends or distributions
in respect thereof and assets fixed or appurtenant thereto) and (ii) such Lien shall secure only those obligations which it secures
on the Third Amendment Effective Date and extensions, renewals and replacements thereof that do not increase the outstanding principal
amount thereof;

 

(d)            any Lien existing on any property prior to the acquisition thereof by the Parent Borrower or any Restricted Subsidiary or
existing on any property of any Person that becomes a Restricted Subsidiary after the Funding Date prior to the time such Person
becomes a Restricted Subsidiary; provided that (i) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Restricted Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property
of the Parent Borrower or any Restricted Subsidiary (other than improvements, accessions, proceeds, dividends or distributions
in respect thereof and assets fixed or appurtenant thereto) and (iii) such Lien shall secure only those obligations which it secures
on the date of such acquisition or the date such Person becomes a Restricted Subsidiary, as the case may be, and extensions, renewals
and replacements thereof that do not increase the outstanding principal amount thereof;

 

(e)            Liens on fixed or capital assets acquired, constructed or improved by the Parent Borrower or any Restricted Subsidiary;
provided that (i) such Liens secure Indebtedness permitted by Section 6.2(g), (ii) such Liens and the Indebtedness
secured thereby (other than extensions, renewals and replacements) are Incurred prior to or within 90 days after such acquisition
or the completion of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed 100% of the cost
of acquiring, constructing or improving such fixed or capital assets and (iv) such Liens shall not apply to any other property
or assets of the Parent Borrower or any Restricted Subsidiary (other than improvements, accessions, proceeds, dividends or distributions
in respect thereof and assets fixed or appurtenant thereto);

 

(f)             Liens on the property or assets of a Person that becomes a Restricted Subsidiary after the Effective Date securing Indebtedness
permitted by Section 6.2(h); provided that (i) such Liens existed at the time such Person (other than improvements,
accessions, proceeds, dividends or distributions in respect thereof and assets fixed or appurtenant thereto) became a Restricted
Subsidiary and were not created in contemplation t thereof, (ii) any such Lien is not expanded to cover any property or assets
of such Person after the time such Person becomes a Restricted Subsidiary and (iii) any such Lien shall secure only those obligations
which it secures on the Funding Date and extensions, renewals and replacements thereof that do not increase the outstanding principal
amount thereof;

 

(g)            Liens securing Indebtedness permitted by Section 6.2(i); provided that, if any such Liens are on property
that is not Collateral, then, contemporaneously with the Incurrence of such Liens, effective provision is made to secure the Obligations
equally and ratably with the Indebtedness secured by such Liens for so long as such Indebtedness is so secured;

 

(h)            Liens securing Indebtedness permitted by Section 6.2(j);

 

(i)             Liens on property of any Foreign Subsidiary or any other Restricted Subsidiary that is not a Subsidiary Guarantor securing
Indebtedness of such Subsidiary permitted by Section 6.2(k) or Section 6.2(r);

 

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(j)              Liens on (i) assets transferred to a Receivables Entity or other Person in connection with a Qualified Receivables Transaction,
(ii) any subordinated note or certificate issued by a Receivables Entity in exchange for, or otherwise backed by, Receivables transferred
to such Receivables Entity in connection with a Qualified Receivables Transaction, or (iii) assets of a Receivables Entity, in
each case Incurred in connection with a Qualified Receivables Transaction securing Indebtedness permitted by Section 6.2(m);

 

(k)             Liens securing Incremental Equivalent Indebtedness (and any Permitted Refinancings thereof) permitted by Section 6.2(t);
and

 

(l)              Liens
securing Indebtedness or other obligations or liabilities (other than Indebtedness) in an aggregate principal amount not exceeding
an amount equal to 7.5% of the Total Consolidated Assets at any time outstanding.

 

It is understood that
Liens pursuant to Sections 6.3(d), (e), (f), (g), (h), (i), (j) and (k)
may be Incurred only to the extent the corresponding Indebtedness is expressly permitted to be Incurred pursuant to Section
6.2.

 

Section 6.4             Fundamental Changes.

 

The Parent Borrower
will not, and will not permit any Restricted Subsidiary to, merge into or consolidate with any other Person, or permit any other
Person to merge into or consolidate with it, or liquidate or dissolve, except that, so long as at the time thereof and immediately
after giving effect thereto no Default or Event of Default shall have occurred and be continuing:

 

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

 

(b)             any Person (other than the Parent Borrower) may merge or consolidate with any Subsidiary Guarantor so long as the surviving
entity is or becomes a Subsidiary Guarantor;

 

(c)             any Restricted Subsidiary may Dispose of its assets to the Parent Borrower or any Subsidiary Guarantor pursuant to a transaction
of liquidation or dissolution;

 

(d)             the Parent Borrower or any Restricted Subsidiary may Dispose of any Restricted Subsidiary pursuant to a merger of such Restricted
Subsidiary in a Disposition permitted by Section 6.6;

 

(e)             any Foreign Subsidiary or other Restricted Subsidiary that is not a Subsidiary Guarantor (x) may merge or consolidate with
any other Person so long as the surviving entity is a Restricted Subsidiary; provided that in the case of a merger or consolidation
involving a Foreign Subsidiary Borrower, the surviving entity is a Borrower, or (y) may Dispose of its assets to any other Restricted
Subsidiary pursuant to a transaction of liquidation or dissolution; and

 

(f)              the Parent Borrower may merge or consolidate into any other Person so long as (i) the surviving entity assumes all the Obligations
of the Parent Borrower hereunder and under the other Loan Documents pursuant to a written agreement reasonably satisfactory to
the Administrative Agent, (ii) the surviving entity is organized under the laws of a jurisdiction within the United States, (iii)
no Default or Event of Default shall have occurred and be continuing, or would occur after giving effect to such merger, (iv) the
Parent Borrower shall be in compliance, on a pro forma basis after giving effect to such merger or consolidation, as applicable,
with the covenants contained in Section 6.1, in each case recomputed as at the last day of the most recently ended fiscal
quarter of the Parent Borrower for which the financial

 

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statements were (or were required to be)
delivered pursuant to Section 5.1(a) or (b) as if such merger or consolidation had occurred on the first day of each
relevant period for testing such compliance (as demonstrated in a certificate of a Financial Officer delivered to the Administrative
Agent at least five Business Days prior to such merger or consolidation), (v) all filings have been made under the UCC or otherwise
that are required in order for the Administrative Agent to continue at all times following such merger or consolidation to have
a valid, legal and perfected security interest in all the Collateral to the same extent as prior to such merger or consolidation,
and (vi)(A) the surviving entity shall have provided to each Agent and each Lender the documentation and other information requested
by such Agent or such Lender in order to comply with applicable law, including the PATRIOT Act, Sanctions, the United States Foreign
Corrupt Practices Act of 1977, the applicable European Union or German acts and ordinance such as the German Anti-Money-Laundering-Act
(“Geldwäschegesetz”), and the German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes
(“Außenwirtschaftsverordnung”)), and (B) if the surviving entity qualifies as a “legal entity
customer” under the Beneficial Ownership Regulation, each Agent and each Lender shall have received, to the extent requested
by such Agent or such Lender, a Beneficial Ownership Certification with respect to the surviving entity.

 

It is understood that
no transaction pursuant to this Section 6.4 shall be permitted unless any Investment or Disposition made in connection therewith
is also expressly permitted by Section 6.5 or Section 6.6, as applicable.

 

Section 6.5             Investments, Loans, Advances, Guarantees and Acquisitions.

 

The Parent Borrower
will not, and will not permit any of its Restricted Subsidiaries to, purchase, hold or acquire (including pursuant to any merger
with any Person that was not a Wholly Owned Subsidiary prior to such merger) any Capital Stock of or evidences of Indebtedness
or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist
any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any
other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person
constituting a business unit (collectively, “Investments”), except:

 

(a)             Permitted Investments;

 

(b)            Investments existing on the Third Amendment Effective Date and set forth in Section 6.5 of the Disclosure Letter;

 

(c)            Investments in any Wholly Owned Subsidiary (other than any Unrestricted Subsidiary); provided that, if and to the
extent applicable, the requirements set forth in Section 5.11 with respect to such Wholly Owned Subsidiary are satisfied;

 

(d)            loans and advances to employees of the Parent Borrower or any Restricted Subsidiary in the ordinary course of business (including
for travel, entertainment and relocation expenses) in an aggregate amount for the Parent Borrower and its Restricted Subsidiaries
not to exceed $7,500,000 at any time outstanding;

 

(e)            Guarantees constituting Indebtedness permitted by Section 6.2; provided that (i) a Restricted Subsidiary shall
not Guarantee any Subordinated Debt or any Other Permitted Debt unless (A) such Restricted Subsidiary also has Guaranteed the Obligations
pursuant to the Guarantee and Collateral Agreement, (B) in the case of any Guarantee of Subordinated Debt, such Guarantee of the
Subordinated Debt is subordinated to such Guarantee of the Obligations on terms no less favorable to the Lenders than

 

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the subordination provisions of the Subordinated
Debt and (C) such Guarantee provides for the release and termination thereof, without action by any party, upon Disposition of
the relevant Restricted Subsidiary, (ii) the aggregate principal amount of Indebtedness of Restricted Subsidiaries that are not
Wholly Owned Subsidiary Guarantors that is Guaranteed by any Loan Party shall be subject to the limitations set forth in clauses
(c), (g), (l) or (m) of this Section 6.5 and (iii) a Restricted Subsidiary shall not Guarantee
the Indebtedness of any Parent Borrower or any Subsidiary Guarantor unless such Restricted Subsidiary has also Guaranteed the Obligations
pursuant to the Guarantee and Collateral Agreement;

 

(f)             Permitted Acquisitions (including any related Investment in any Restricted Subsidiary in order to provide all or any portion
of (but not more than) the Consideration for such Permitted Acquisition);

 

(g)            (i) Guarantees by the Parent Borrower and any of its Restricted Subsidiaries of any Contractual Obligations (not constituting
Indebtedness) of the Parent Borrower or any Restricted Subsidiary and (ii) Guarantees by the Parent Borrower of any obligations
of any of its Foreign Subsidiaries under any foreign currency Hedging Agreements of such Foreign Subsidiaries or cash pooling arrangements
among Foreign Subsidiaries (sometimes intermediated by a commercial bank);

 

(h)            any Investment made in any Joint Venture formed solely in connection with (and as part of the transactions involving) the
Permitted Asset Disposition;

 

(i)             Investments financed with Capital Stock of the Parent Borrower (or the net proceeds of the issuance of Capital Stock of
the Parent Borrower); provided that no Event of Default shall occur after giving effect to such Investment;

 

(j)             Investments comprised of capital contributions (whether in the form of cash, a note or other assets) to a Receivables Entity
or otherwise resulting from transfers of assets permitted by Section 6.6(c);

 

(k)            Investments comprised of non-cash consideration received by the Parent Borrower or any Restricted Subsidiary in connection
with any Disposition permitted by Section 6.6(e);

 

(l)             (i) Guarantees by the Parent Borrower and any of its Restricted Subsidiaries of Indebtedness permitted by subsections
(j), (p) and (r) of Section 6.2 and (ii) Guarantees in the form of FCIs caused to be issued by the Parent
Borrower or any Foreign Subsidiary Borrower pursuant to Section 2.6 to support the Indebtedness of any Chinese Subsidiary
or other Foreign Subsidiary permitted by Section 6.2(r); and

 

(m)           (i)
other Investments if, after giving effect to any such Investment on a pro forma basis in each case recomputed as at the last day
of the most recently ended fiscal quarter of the Parent Borrower for which the financial statements were (or were required to be)
delivered pursuant to Section 5.1(a) or (b) as if such Investment had occurred on the first day of each relevant
period, the Consolidated Leverage Ratio is less than 2.75 to 1.0 and (ii) other Investments in the aggregate not to exceed an amount
equal to (A) 10% of the Total Consolidated Assets (determined at the time of making such Investment) plus (B) an additional
amount for all such Investments made after the Funding Date that is equal to the portion, if any, of the Available Amount on such
date that the Parent Borrower elects to apply to this Section 6.5(m)(ii)(B) if, after giving effect to any such Investment
on a pro forma basis in each case recomputed as at the last day of the most recently ended fiscal quarter of the Parent Borrower
for which the financial statements were (or were required to be) delivered pursuant to Section 5.1(a) or (b) as if
such Investment

 

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had occurred on the first day of each relevant
period, the Consolidated Leverage Ratio is greater than or equal to 2.75 to 1.0.

 

The outstanding amount of any Investment
shall be equal to the sum of (x) the original cost of such Investment (such original cost to be determined at the time any such
Investment is originally committed to be made by the applicable Person), plus (y) the cost of all additions thereto, minus (z)
any cash proceeds from the disposition of or other cash or non-cash (at the fair market value thereof as reasonably determined
in good faith by the Parent Borrower) distributions on or return of such Investment, without any adjustments for increases or decreases
in value or write-ups, write-downs or write-offs with respect to such Investment; provided that the amount of any Investment shall
not be less than zero.

 

Section 6.6             Disposition of Assets.

 

The Parent Borrower
will not, and will not permit any of its Restricted Subsidiaries to, Dispose of any asset, including any Capital Stock owned by
it (other than Capital Stock of the Parent Borrower held in treasury by the Parent Borrower), nor will the Parent Borrower permit
any of its Restricted Subsidiaries to issue any additional Capital Stock of such Restricted Subsidiary, except:

 

(a)             (i) sales of inventory, obsolete or worn out equipment and Permitted Investments, (ii) leases or licenses of real or personal
property, (iii) sale, transfer, abandonment or other disposition of intellectual property no longer used or useful in the conduct
of the business and (iv) conveyances of bank drafts received in the ordinary course of business to financial institutions in exchange
for discounted cash payments, in each case in the ordinary course of business;

 

(b)            Dispositions to the Parent Borrower or a Restricted Subsidiary; provided that any such Dispositions by a Loan Party
to a Restricted Subsidiary that is not a Loan Party shall be made in compliance with Section 6.5;

 

(c)            sales of Receivables and related assets (including any subordinated note or certificate issued by a Receivables Entity in
exchange for, or otherwise backed by, Receivables transferred to such Receivables Entity in connection with a Qualified Receivables
Transaction) or an interest therein of the type specified in the definition of “Qualified Receivables Transaction”
pursuant to a Qualified Receivables Transaction so long as each such transaction shall be a Qualified Receivables Transaction,
as agreed by the Administrative Agent acting reasonably; provided that the aggregate amount of all Receivables Transaction
Attributed Indebtedness in respect to such Qualified Receivables Transactions shall not exceed $100,000,000;

 

(d)            the Permitted Asset Disposition; provided that, if, after giving effect to the Permitted Asset Disposition and the
application of the proceeds thereof to repay Indebtedness (including, for the avoidance of doubt, at the Parent Borrower’s
option to voluntarily repay then-outstanding Domestic Revolving Loans and/or Global Revolving Loans) on a pro forma basis,
the Consolidated Leverage Ratio is equal to or greater than 2.75 to 1.0 (it being understood and agreed that for purposes of such
calculation, the proceeds of the Permitted Asset Disposition shall not constitute “unrestricted cash and cash equivalents”
for purposes of determining Consolidated Total Debt), the proceeds of the Permitted Asset Disposition shall be applied by the Parent
Borrower, within ten Business Days after receipt of such proceeds, to, first repay the Term Loans in the manner and the
order as directed in writing by the Parent Borrower to the Administrative Agent, and second, (after the Term Loans have
been paid in full) to the Domestic Revolving Loans and/or the Global Revolving Loans as directed in writing by the Parent Borrower
to the Administrative Agent (without a corresponding permanent reduction in the aggregate Domestic Revolving Commitments or the
aggregate Global Revolving Commitments); provided, further, that, to the extent such proceeds are required to be
applied to prepay Indebtedness pursuant to the

 

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immediately preceding proviso, such proceeds
shall be required to be so applied only to the extent necessary to cause the Consolidated Leverage Ratio, after giving pro forma
effect to the Permitted Asset Disposition and the application of the proceeds thereof to repay Indebtedness, to be less than 2.75
to 1.0 (it being understood and agreed that (x) for purposes of such calculation, the proceeds of the Permitted Asset Disposition
shall not constitute “unrestricted cash and cash equivalents” for purposes of determining Consolidated Total Debt,
and (y) 100% of the proceeds of the Permitted Asset Disposition shall be applied to prepay Indebtedness pursuant to the immediately
preceding proviso if, after giving pro forma effect to the Permitted Asset Disposition and the application of the proceeds
thereof to repay Indebtedness, the Consolidated Leverage Ratio is equal to or greater than 2.75 to 1.0);

 

(e)           Dispositions of assets that are not permitted by any other paragraph of this Section 6.6; provided that (i)
the aggregate gross proceeds (including any non-cash proceeds, determined on the basis of face amount in the case of notes
or similar consideration and on the basis of fair market value in the case of other non-cash proceeds) of all assets Disposed
of in reliance upon this Section 6.6(e) shall not exceed, in any fiscal year of the Parent Borrower, an amount equal to
15% of the Total Consolidated Assets (determined at the time of making such Disposition with reference to the Total Consolidated
Assets as of the end of the most recently completed fiscal year for which financial statements have been delivered pursuant to
Section 5.1(a)); provided, however, that Dispositions of assets, if not made to the extent permitted in any fiscal
year as provided above in this Section 6.6(e) (for the avoidance of doubt, starting with the fiscal year ending December
31, 2019), may be made in any subsequent fiscal year on a cumulative basis with the Disposition of assets permitted in such subsequent
fiscal year and (ii) any Disposition permitted by this Section 6.6(e) for a purchase price in excess of $10,000,000 shall
be made for fair value and for at least 75% cash consideration;

 

(f)            [Reserved]; and

 

(g)           Dispositions of assets to any joint venture of the Parent Borrower; provided that any such Disposition pursuant to
this clause (g) constitutes an Investment permitted under Section 6.5;

 

For purposes of Section
6.6(e),

 

(i)            the following will be deemed to be cash:

 

(A)              the assumption by the transferee of Indebtedness (other than subordinated Indebtedness or preferred stock) of the Parent
Borrower or of any Restricted Subsidiary (in which case, the Parent or such Restricted Subsidiary will, without further action,
be deemed to have applied such deemed cash to Indebtedness in accordance with clause (b)(ii) of the definition of “Net Proceeds”);
provided that the amount of assumed Indebtedness that is deemed to be cash shall not exceed $200,000,000 in the aggregate
from and after the Funding Date;

 

(B)             
securities, notes or other obligations received by the Parent Borrower or any Restricted Subsidiary from the transferee
that are converted, sold or exchanged within 90 days of receipt thereof by the Parent Borrower or such Restricted Subsidiary into
cash (to the extent of the cash received in such conversion, sale or exchange); and

 

(C)             
in the case of any particular Disposition, promissory notes received by the Parent Borrower or any Restricted Subsidiary
from the transferee having an aggregate principal amount not to exceed $20,000,000; and

 

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(ii)           in the case of a Disposition consisting of an Asset Swap, the Parent Borrower or such Restricted Subsidiary shall only be
required to receive cash in an amount equal to at least 75% of the proceeds of such Disposition which are not part of the Asset
Swap, provided that at the time of such Asset Swap, after giving effect thereto, the aggregate fair value (as determined
at the time of such related Asset Swap and not subject to later revaluation) of the assets of the Parent Borrower and its Restricted
Subsidiaries that are the subject of all such Asset Swaps from and after the Funding Date shall not exceed an amount equal to 15%
of the Total Consolidated Assets.

 

Section 6.7            Sale and Leaseback Transactions.

 

The Parent Borrower
will not, and will not permit any Restricted Subsidiary to, enter into any arrangement (each, a “Sale/Leaseback Transaction”)
providing for the leasing to the Parent Borrower or any Restricted Subsidiary of real or personal property that has been or is
to be (a) sold or transferred by the Parent Borrower or any Restricted Subsidiary or (b) constructed or acquired by a third party
in anticipation of a program of leasing to the Parent Borrower or any Restricted Subsidiary, in each case unless the Attributable
Debt resulting therefrom is permitted by Section 6.2(d), Section 6.2(g) or Section 6.2(q).

 

Section 6.8           Restricted Payments.

 

The Parent Borrower
will not, and will not permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any
Restricted Payment, or Incur any obligation (contingent or otherwise) to do so, except:

 

(a)            the Parent Borrower may (i) declare and pay dividends with respect to its Capital Stock payable solely in shares of its
Capital Stock (or options, warrants or other rights to acquire its Capital Stock) or (ii) make other distributions or payments
payable solely in shares of its Capital Stock (or options, warrants or other rights to acquire its Capital Stock);

 

(b)           any Wholly Owned Subsidiary may declare and pay Restricted Payments to its immediate parent;

 

(c)            any non-Wholly Owned Subsidiary may declare and pay Restricted Payments ratably with respect to its Capital Stock;

 

(d)            the Parent Borrower may make Restricted Payments, not exceeding $5,000,000 during any fiscal year, pursuant to and in accordance
with stock option plans, restricted stock plans or other benefit plans or contracts for current or former management or employees
of the Parent Borrower and its Restricted Subsidiaries;

 

(e)            the Parent Borrower may repurchase its Capital Stock and may declare and pay cash dividends to the holders of its Capital
Stock; provided that if the Consolidated Leverage Ratio on a pro forma basis immediately after giving effect to such repurchase
or dividend declaration (with the reference period for Consolidated EBITDA being the most recent period of four consecutive fiscal
quarters for which the relevant financial statements have been (or were required to be) delivered pursuant to Section 5.1(a)
or (b), as applicable) is

 

 (i)            greater than or equal to 2.75 to 1.0, the aggregate amount of such repurchases and dividend declarations pursuant to this
Section 6.8(e)(i) shall not exceed (A) $100,000,000 per fiscal year plus (B) an amount equal to the portion, if any,
of the Available Amount on such date that the Parent Borrower elects to apply to this Section 6.8(e)(i)(B); and

 

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 (ii)           less than 2.75 to 1.0, the aggregate amount of such repurchases and dividend declarations pursuant to this Section 6.8(e)(ii)
shall be unlimited; and

 

provided, further, that any
such cash dividends shall be paid within 60 days after the date of declaration thereof; and

 

(f)              the Parent Borrower or any Restricted Subsidiary may make Restricted Payments to the extent required by the terms of its
joint venture or similar agreements relating to non-Wholly Owned Subsidiaries; provided that no such Restricted Payment
shall be permitted by this clause (f) unless any Investment made in connection therewith is also expressly permitted by Section
6.5.

 

Section 6.9            Payments of Certain Subordinated Debt; Certain Derivative Transactions.

 

The Parent Borrower
will not, nor will it permit any Restricted Subsidiary to:

 

(a)            make or agree or offer to pay or make, directly or indirectly, any payment or other distribution (whether in cash, securities
or other property) of or in respect of principal of or interest on any Subordinated Debt, or any payment or other distribution
(whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption,
retirement, acquisition, cancellation or termination of any Subordinated Debt, except:

 

(i)            extensions, renewals, replacements or exchanges of any Subordinated Debt permitted by Section 6.2(b);

 

(ii)           the payment of regularly scheduled interest and principal payments as and when due in respect of any Subordinated Debt;

 

(iii)          the prepayment of any Subordinated Debt; provided that if the Consolidated Leverage Ratio on a pro forma basis immediately
after giving effect to such prepayment (with the reference period for Consolidated EBITDA being the most recent period of four
consecutive fiscal quarters for which the relevant financial statements have been (or were required to be) delivered pursuant to
Section 5.1(a) or (b), as applicable) is

 

(A)             
greater than or equal to 2.75 to 1.0, the aggregate amount of such prepayments pursuant to this Section 6.9(a)(iii)(A)
shall not exceed an amount that is equal to the portion, if any, of the Available Amount on such date that the Parent Borrower
elects to apply to this Section 6.9(a)(iii)(A); and

 

(B)              
less than 2.75 to 1.0, the aggregate amount of such prepayments pursuant to this Section 6.9(a)(iii)(B) shall be
unlimited;

 

other than, in each of clauses
(iii)(A) and (iii)(B) above, any such payments, purchases or other acquisitions of Subordinated Debt that are prohibited
by the subordination provisions thereof; or

 

(b)             enter into any derivative transaction or similar transaction obligating the Parent Borrower or any of its Restricted Subsidiaries
to make payments to any other Person as a result of a change in market value of any Subordinated Debt.

 

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Section 6.10          Transactions with Affiliates.

 

The Parent Borrower
will not, and will not permit any Restricted Subsidiary to, sell, lease or otherwise transfer any property or assets to, or purchase,
lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates,
except:

 

(a)            transactions that are at prices and on terms and conditions, taken as a whole, not materially less favorable to the Parent
Borrower or such Restricted Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties;

 

(b)            transactions between or among the Parent Borrower and the Restricted Subsidiaries (other than a Receivables Entity) not
involving any other Affiliate;

 

(c)            any Restricted Payment permitted by Section 6.8;

 

(d)            any Qualified Receivables Transaction expressly permitted by Section 6.6(c);

 

(e)            [Reserved]; and

 

(f)             any other transaction expressly permitted by Section 6.5.

 

Section 6.11          
Restrictive Agreements.

 

The Parent Borrower
will not, and will not permit any Foreign Subsidiary Borrower or any Wholly Owned Subsidiary Guarantor to enter into, Incur or
permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the
Parent Borrower or any Restricted Subsidiary to create, Incur or permit to exist any Lien upon any of its property, (b) the ability
of any Restricted Subsidiary to pay dividends or other distributions with respect to any shares of its capital stock or to make
or repay loans or advances to the Parent Borrower or any other Restricted Subsidiary or to Guarantee Indebtedness of the Parent
Borrower or any other Restricted Subsidiary or (c) the ability of any Restricted Subsidiary to transfer any of its assets to the
Parent Borrower or any other Restricted Subsidiary; provided that:

 

(i)            the foregoing shall not apply to restrictions and conditions imposed by law, Permitted Encumbrances, any Loan Document,
any Subordinated Debt Document or any Other Permitted Debt Document; provided that such restrictions and conditions shall
not restrict any Loan Party from complying with the requirements of Section 5.11(b) (without giving effect to clause
(i)(C) thereof);

 

(ii)           the foregoing shall not apply to restrictions and conditions existing on the Third Amendment Effective Date identified in
Section 6.11 of the Disclosure Letter (but shall apply to any amendment or modification expanding the scope of any such restriction
or condition);

 

(iii)          the foregoing shall not apply to restrictions and conditions contained in agreements relating to the sale of a Restricted
Subsidiary or assets pending such sale; provided that such restrictions and conditions apply only to the Restricted Subsidiary
that is (or the assets that are) to be sold and such sale is permitted by this Agreement;

 

(iv)          the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to a Qualified Receivables
Transaction permitted by this Agreement if such restrictions or conditions apply only to the relevant Receivables Entity;

 

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(v)           the foregoing shall not apply to restrictions and conditions contained in documentation relating to a Restricted Subsidiary
acquired in a Permitted Acquisition; provided that such restriction or condition (x) existed at the time such Person became
a Restricted Subsidiary, (y) was not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary
and (z) applies only to such Restricted Subsidiary;

 

(vi)          the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to (A) secured Indebtedness
permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness
or (B) Indebtedness of a Foreign Subsidiary permitted by this Agreement if such restrictions or conditions apply only to such Foreign
Subsidiary and its Subsidiaries that are not Loan Parties;

 

(vii)         clauses (a) and (c) above shall not apply to customary provisions in leases and other contracts restricting
the assignment thereof; and

 

(viii)        the foregoing shall not apply to customary provisions in purchase money obligations for property acquired in the ordinary
course of business, Capital Lease Obligations, industrial revenue bonds or operating leases that impose encumbrances or restrictions
on the property so acquired or covered thereby, restrictions on cash or other deposits or net worth required by customers under
contracts entered into in the ordinary course of business and joint venture agreements or other similar arrangements if such provisions
apply only to the Person (and the equity interests in such Person) that is the subject thereof.

 

Section 6.12          
Amendment of Material Documents, etc.

 

The Parent Borrower
will not, and will not permit any Restricted Subsidiary to, (a) amend, modify, supplement or waive in any respect that is material
and adverse to the Lenders any of its rights under any Subordinated Debt Document (it being understood, however, that any amendment
to provide Guarantees in respect of any Subordinated Debt, which Guarantees are permitted by this Agreement, would not constitute
such an amendment) or (b) designate any Indebtedness (other than obligations of the Loan Parties pursuant to the Loan Documents
or Indebtedness permitted pursuant to Section 6.2(i)) as “Designated Senior Indebtedness” (or any comparable
concept) that controls payment blockages for the purposes of any Subordinated Debt Documents.

 

Section 6.13          
Sanctions.

 

The Parent Borrower
will not, and will not permit any Subsidiary to, directly or indirectly, use the proceeds of any Loan or other credit extension
hereunder or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual
or entity, to fund any activities of or business with any individual or entity, or in any Designated Jurisdiction that, at the
time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any individual or
entity (including any individual or entity participating in the transaction, whether as Lender, arranger, Administrative Agent,
Foreign Trade Facility Agent, Issuing Lender, Swingline Lender or otherwise) of Sanctions, in each case to the extent that the
aforementioned Sanctions are applicable to such Loan Parties and their respective Subsidiaries. Notwithstanding the foregoing,
this Section 6.13 does not prohibit the direct or indirect use of the proceeds of any extension of credit in a manner that
is permissible under the Sanctions.

 

Nothing in this Section
6.13 shall create or establish an obligation or right for any German Loan Party or other Borrower in so far as agreeing to
it would violate or expose any German Loan Party or other Borrower to any liability under EU Regulation (EC) 2271/96, would violate
or expose any German

 

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Loan Party to liability under Section 7
of the German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung))
or would violate or expose any German Loan Party or other Borrower to liability under any similar anti-boycott or blocking law
regulation or statute that is in force from time to time and applicable to such entity. The covenants in this Section 6.13
given by any Loan Party to any Lender domiciled in Germany (Inländer) within the meaning of Section 2 paragraph 15
of the German Foreign Trade Act (Außenwirtschaftsgesetz) are made only to the extent that any Lender domiciled in
Germany (Inländer) within the meaning of Section 2 paragraph 15 of the German Foreign Trade Act (Außenwirtschaftsgesetz)
would be permitted to make such covenants pursuant to Section 7 of the German Foreign Trade Ordinance (Verordnung zur Durchführung
des Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung)).

 

Section 6.14          
Anti-Corruption Laws.

 

The Parent Borrower
will not, and will not permit any Subsidiary to, directly or indirectly, use the proceeds of any Loan or other credit extension
hereunder for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010,
other similar anti-corruption legislation in other jurisdictions or any Anti-Money Laundering Laws, in each case to the extent
that the aforementioned anti-corruption legislation or Anti-Money Laundering Law is applicable to such Loan Parties and their respective
Subsidiaries.

 

Article
VII

EVENTS OF DEFAULT

 

If any of the following
events (each, an “Event of Default”) shall occur:

 

(a)             any Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement
or FCI Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment
thereof or otherwise;

 

(b)             any Borrower shall fail to pay any interest (or premium, if any) on any Loan or any Cash Cover, fee or any other amount
(other than an amount referred to in paragraph (a) of this Article) payable under this Agreement or any other Loan
Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five days;

 

(c)             any representation or warranty made or deemed made by or on behalf of the Parent Borrower or any Restricted Subsidiary in
or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate,
financial statement or other document furnished pursuant to or in connection with any Loan Document or any amendment or modification
thereof or waiver thereunder, shall prove to have been materially incorrect when made or deemed made;

 

(d)             the Parent Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section 5.2(a),
5.4(a) (with respect to the existence of any Borrower) or 5.10 or in Article VI;

 

(e)             any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in any Loan Document (other
than those specified in paragraph (a), (b) or (d) of this Article), and such failure shall continue unremedied
for a period of 30 days after notice thereof to the Parent Borrower from the Administrative Agent or the Required Lenders;

 

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(f)              the Parent Borrower or any Restricted Subsidiary shall fail to make any payment (whether of principal or interest and regardless
of amount) in respect of any Material Indebtedness, after the giving of notice and/or the passage of any cure period provided in
such Indebtedness;

 

(g)             (i) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity
or that enables or permits (with the giving of notice, if required) the holder or holders of any Material Indebtedness or any trustee
or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption
or defeasance thereof, prior to its scheduled maturity (including, in any event, an “Event of Default” under and as
defined in any Subordinated Debt Documents or any Other Permitted Debt Documents) but excluding, in any event, after the Term Loans
have been paid in full, any mandatory repurchases of any Indebtedness that ranks pari passu in right of payment to the Obligations
made in accordance with any Other Permitted Debt Document with “Excess Proceeds” from any “Asset Disposition”,
or (ii) [reserved];

 

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

 

(i)              the Parent Borrower, any other Loan Party or any Material Subsidiary shall (i) voluntarily commence any proceeding or file
any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership
or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner,
any proceeding or petition described in paragraph (h) of this Article, (iii) apply for or consent to the appointment of
a receiver, trustee, custodian, sequestrator, conservator or similar official for the Parent Borrower, any other Loan Party or
any Material Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition
filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for
the purpose of effecting any of the foregoing;

 

(j)              the Parent Borrower, any other Loan Party or any Material Subsidiary shall become unable, admit in writing its inability
or fail generally to pay its debts as they become due, or, with respect to any German Loan Party, any such Person is either unable
to pay its debts as they fall due (Zahlungsunfähigkeit) or is over indebted (Überschuldung) within the
meaning of sections 17 or 19 German Insolvency Code (Insolvenzordnung);

 

(k)             one or more judgments for the payment of money in an aggregate amount in excess of $35,000,000 shall be rendered against
the Parent Borrower, any other Loan Party or any Material Subsidiary, or any combination thereof, and the same shall remain undischarged
for a period of 60 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken
by a judgment creditor to attach or levy upon any assets of the Parent Borrower, any other Loan Party or any Material Subsidiary
to enforce any such judgment;

 

(l)              an ERISA Event shall have occurred that, in the reasonable opinion of the Required Lenders, when taken together with all
other ERISA Events that have occurred, could reasonably be expected to have a Material Adverse Effect;

 

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(m)            the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to be in full
force and effect or any Loan Party or any Affiliate of any Loan Party shall so assert;

 

(n)             any Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Loan Party or
any Affiliate of any Loan Party not to be, a valid and perfected Lien on any Collateral (other than immaterial Collateral), with
the priority required by the applicable Security Document;

 

(o)             the Subordinated Debt or any Guarantees thereof shall cease, for any reason, to be validly subordinated to the Obligations
or the obligations of the Subsidiary Guarantors under the Guarantee and Collateral Agreement, as the case may be, as provided in
the Subordinated Debt Documents, or any Loan Party, any Affiliate of any Loan Party, the trustee in respect of the Subordinated
Debt or the holders of at least 25% in aggregate principal amount of the Subordinated Debt shall so assert; or

 

(p)             a Change of Control shall occur;

 

(q)             any event or condition occurs that (i) results in an automatic termination, wind-down or comparable event with respect to
any Material Receivables Transaction Attributed Indebtedness, or (ii) permits a notice of termination, a notice of wind-down, a
notice of acceleration or any comparable notice to be given under any such Material Receivables Transaction Attributed Indebtedness
prior to the scheduled termination, wind-down, maturity or comparable event and which event or condition giving rise to such notice
continues for a period of 14 calendar days after such notice;

 

then, and in every
such event (other than an event with respect to the Parent Borrower described in paragraph (h) or (i) of this Article),
and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required
Lenders shall, by notice to the Parent Borrower, take either or both of the following actions, at the same or different times:
(i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding
to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be
declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest (and premium, if any) thereon and all fees and other obligations of the Borrowers accrued hereunder, shall become due
and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by each
Borrower; and in case of any event with respect to the Parent Borrower described in paragraph (h) or (i) of this
Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest
(and premium, if any) thereon and all fees and other obligations of the Borrowers accrued hereunder, shall automatically become
due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by each Borrower.

 

Article
VIII

THE AGENTS

 

Section 8.1             Appointment and Authority.

 

(a)             Each of the Lenders and the Issuing Lenders hereby irrevocably appoints Bank of America to act on its behalf as the Administrative
Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and
to exercise such powers as

 

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are delegated to the Administrative Agent
by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.

 

(b)             Each of the Lenders and the FCI Issuing Lenders hereby irrevocably appoints Deutsche Bank to act on its behalf as the Foreign
Trade Facility Agent hereunder and under the other Loan Documents and authorizes the Foreign Trade Facility Agent to take such
actions on its behalf and to exercise such powers as are delegated to Foreign Trade Facility Agent by the terms hereof or thereof,
together with such actions and powers as are reasonably incidental thereto.

 

(c)             The provisions of this Article are solely for the benefit of the Agents, the Lenders and the Issuing Lenders, and neither
the Parent Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions.

 

Section 8.2             
Rights as a Lender.

 

(a)             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 Parent 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.

 

(b)             The Person serving as the Foreign Trade Facility 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 Foreign Trade Facility Agent and the term “Lender”
or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person
serving as the Foreign Trade Facility 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 Parent Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Foreign Trade Facility Agent
hereunder and without any duty to account therefor to the Lenders.

 

Section 8.3             
Exculpatory Provisions.

 

None of the Administrative
Agent, the Foreign Trade Facility Agent or any arranger, as applicable, shall have any duties or obligations except those expressly
set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, none of the Administrative
Agent, the Foreign Trade Facility Agent or any arranger, as applicable:

 

(a)             shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

 

(b)             shall have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and
powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent or the Foreign Trade Facility
Agent, as applicable, is required to exercise as directed in writing by the Required Lenders (or such other number or percentage
of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that neither the Administrative
Agent nor the Foreign Trade Facility Agent shall be required to take any action that, in its

 

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opinion or the opinion of its counsel,
may expose the applicable Agent to liability or that is contrary to any Loan Document or applicable law; and

 

(c)             shall have any duty to disclose, and shall not be liable for the failure to disclose, to any Lender, any Issuing Lender,
any FCI Issuing Lender or any other Person party to this Agreement any credit or other information concerning the business, prospects,
operations, property, financial or other condition or creditworthiness of any Loan Party or any of their Affiliates that is communicated
to, or in the possession of, the applicable Agent, the applicable arranger, or any of their Related Parties in any capacity, except
for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent or the Foreign
Trade Facility Agent herein.

 

Neither the Administrative
Agent nor the Foreign Trade Facility Agent shall 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 such Agent shall
believe in good faith shall be necessary, under the circumstances as provided in Section 9.2) or (ii) in the absence of
its own gross negligence, bad faith or willful misconduct (each as determined in a final and non-appealable judgment of a court
of competent jurisdiction). The Agents shall be deemed not to have knowledge of any Default unless and until written notice thereof
is given to the Agents by the Parent Borrower or a Lender.

 

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

 

Section 8.4             
Reliance by the Agents.

 

(a)             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 in good faith 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, amendment, renewal or extension of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of a Lender or any Issuing Lender, the Administrative Agent may
presume that such condition is satisfactory to such Lender or any Issuing Lender unless the Administrative Agent shall have received
notice to the contrary from such Lender or such Issuing Lender prior to the making of such Loan or the issuance of such Letter
of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Loan Parties), independent accountants
and other experts selected by it, and shall not be liable for any action taken or not taken by it in good faith in accordance with
the advice of any such counsel, accountants or experts.

 

(b)             The Foreign Trade Facility 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)

 

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believed by it in good faith to be genuine
and to have been signed, sent or otherwise authenticated by the proper Person. The Foreign Trade Facility 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 issuance, amendment, renewal or
extension of any FCI, that by its terms must be fulfilled to the satisfaction of a Lender or any FCI Issuing Lender, the Foreign
Trade Facility Agent may presume that such condition is satisfactory to such Lender or any FCI Issuing Lender unless the Foreign
Trade Facility Agent shall have received notice to the contrary from such Lender or such FCI Issuing Lender prior to the issuance
of such FCI. The Foreign Trade Facility Agent may consult with legal counsel (who may be counsel for the Loan Parties), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in good faith in
accordance with the advice of any such counsel, accountants or experts.

 

Section 8.5             
Delegation of Duties.

 

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

 

(b)             The Foreign Trade Facility Agent may perform any and all of its duties and exercise its rights and powers hereunder or under
any other Loan Document by or through any one or more sub-agents appointed by the Foreign Trade Facility Agent. The Foreign
Trade Facility 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 Foreign Trade Facility 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 Foreign Trade Facility
Agent.

 

Section 8.6             
Resignation of Agents.

 

(a)             Resignation of Administrative Agent.

 

(i)            The
Administrative Agent may at any time give notice of its resignation to the Foreign Trade Facility Agent, the Lenders, the Issuing
Lenders and the Parent Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, subject
to the consent of the Parent Borrower (such consent not to be unreasonably withheld), to appoint a successor, which shall be a
bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor
shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring
Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders and the
Issuing Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the
Administrative Agent shall notify the Parent Borrower and the Lenders that no qualifying Person has accepted such appointment,
then such resignation shall nonetheless become effective in accordance with such notice and (A) the retiring Administrative Agent
shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (B) all payments, communications
and determinations

 

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provided to be made by, to or
through the Administrative Agent shall instead be made by or to each Lender and the Issuing Lenders directly, until such time as
the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged
from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided
above in this Section). The fees payable by the Parent Borrower to a successor Administrative Agent shall be the same as those
payable to its predecessor unless otherwise agreed between the Parent Borrower and such successor. After the retiring Administrative
Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 9.3 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.

 

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

 

(b)           Resignation of Foreign Trade Facility Agent. The Foreign Trade Facility Agent may at any time give notice of its
resignation to the Administrative Agent, the FCI Issuing Lenders, the Lenders with Participation FCI Commitments and the Parent
Borrower. Upon receipt of any such notice of resignation, the FCI Issuing Lenders and the Lenders with Participation FCI Commitments
(acting by a majority in interest thereof) shall have the right, subject to the consent of the Parent Borrower (such consent not
to be unreasonably withheld), to appoint a successor. If no such successor shall have been so appointed by the FCI Issuing Lenders
and the Lenders with Participation FCI Commitments (acting by a majority in interest thereof) and shall have accepted such appointment
within 30 days after the retiring Foreign Trade Facility Agent gives notice of its resignation, then the retiring Foreign
Trade Facility Agent may on behalf of the FCI Issuing Lenders and the Lenders with Participation FCI Commitments, appoint a successor
Foreign Trade Facility Agent meeting the qualifications set forth above; provided that if the Foreign Trade Facility Agent
shall notify the Parent 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 (i) the retiring Foreign Trade Facility Agent shall be discharged
from its duties and obligations hereunder and under the other Loan Documents and (ii) all payments, communications and determinations
provided to be made by, to or through the Foreign Trade Facility Agent shall instead be made by or to each FCI Issuing Lender and
each Lender with a Participation FCI Commitment and the Issuing Lenders directly, until such time as the FCI Issuing Lenders and
the Lenders with Participation FCI Commitments appoint a successor Foreign Trade Facility Agent as provided for above in this Section.
Upon the acceptance of a successor’s appointment as Foreign Trade Facility Agent hereunder, such successor shall succeed
to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Foreign Trade Facility
Agent, and the retiring Foreign Trade Facility Agent shall be discharged from all of its duties and obligations hereunder or under
the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Parent

 

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Borrower to a successor Foreign Trade Facility
Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Parent Borrower and such successor.
After the retiring Foreign Trade Facility Agent’s resignation hereunder and under the other Loan Documents, the provisions
of this Article and Section 9.3 shall continue in effect for the benefit of such retiring Foreign Trade Facility 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 Foreign Trade Facility Agent was acting as Foreign Trade Facility Agent.

 

Section 8.7            Non-Reliance
on Agents, the Arrangers and Other Lenders.

 

Each Lender, each FCI
Issuing Lender and each Issuing Lender expressly acknowledges that none of the Administrative Agent, the Foreign Trade Facility
Agent or any arranger has made any representation or warranty to it, and that no act by the Administrative Agent, the Foreign Trade
Facility Agent or any arranger hereafter taken, including any consent to, and acceptance of any assignment or review of the affairs
of any Loan Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty by the Administrative
Agent, the Foreign Trade Facility Agent or any arranger to any Lender, any Issuing Lender, any FCI Issuing Lender, or any other
Person party to this Agreement as to any matter, including whether the Administrative Agent, the Foreign Trade Facility Agent or
any arranger has disclosed material information in their (or their Related Parties’) possession. Each Lender, each Issuing
Lender and each FCI Issuing Lender represents to the Administrative Agent, the Foreign Trade Facility Agent and each arranger that
it has, independently and without reliance upon any other Agent, any arranger 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 of, appraisal of, and investigation
into, the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and
their respective Subsidiaries, and all applicable bank or other regulatory laws relating to the transactions contemplated hereby,
and made its own decision to enter into this Agreement and to extend credit to the Borrowers hereunder. Each Lender, each FCI Issuing
Lender, each Issuing Lender and each Agent also acknowledges that it will, independently and without reliance upon any other Agent,
any arranger or any other Lender or any of their respective affiliates and based on such documents and information as it shall
from time to time deem appropriate, continue to make its own credit analysis, appraisals and decisions in taking or not taking
action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder
or thereunder, and to make such investigations as its deems necessary to inform itself as to the business, prospects, operations,
property, financial and other condition and creditworthiness of the Loan Parties. Each Lender, each Issuing Lender and each FCI
Issuing Lender represents and warrants that (a) the Loan Documents set forth the terms of a commercial lending facility, and (b)
it is engaged in making, acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a
Lender, an Issuing Lender or an FCI Issuing Lender for the purpose of making, acquiring or holding commercial loans and providing
other facilities set forth herein as may be applicable to such Lender, such Issuing Lender or such FCI Issuing Lender, and not
for the purpose of purchasing, acquiring or holding any other type of financial instrument, and each Lender, each Issuing Lender
and each FCI Issuing Lender agrees not to assert a claim in contravention of the foregoing. Each Lender, each Issuing Lender and
each FCI Issuing Lender represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold
commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender, such Issuing Lender or
such FCI Issuing Lender, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold
such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans
or providing such other facilities.

 

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Section 8.8            No
Other Duties; Etc.

 

Anything herein to
the contrary notwithstanding, none of the bookrunners, arrangers, syndication agents, documentation agents or co-agents shall have
any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable,
as the Administrative Agent, the Foreign Trade Facility Agent, a Lender, an Issuing Lender or an FCI Issuing Lender hereunder.

 

Section 8.9            Administrative
Agent May File Proofs of Claim.

 

In case of the pendency
of any proceeding under the Bankruptcy Code of the United States or any other judicial proceeding relative to any Loan Party, the
Administrative Agent (irrespective of whether the principal of any Loan, FCI Issuing Lender Exposure, or LC Exposure shall then
be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall
have made any demand on the Parent Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

 

(a)           to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, FCI
Issuing Lender Exposure, LC Exposure and all other Obligations (other than obligations under Hedging Agreements or Specified Cash
Management Agreements to which the Administrative Agent is not a party) that are owing and unpaid and to file such other documents
as may be necessary or advisable in order to have the claims of the Lenders, the FCI Issuing Lenders, the Issuing Lenders and the
Agents (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the FCI Issuing
Lenders, the Issuing Lenders and the Agents and their respective agents and counsel and all other amounts due the Lenders, the
Issuing Lenders and the Administrative Agent under Sections 2.10, 2.14 and 9.3) allowed in such judicial proceeding;
and

 

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

 

and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender,
each Agent, each FCI Issuing Lender and each Issuing Lender to make such payments to the Administrative Agent and, in the event
that the Administrative Agent shall consent to the making of such payments directly to the Lenders, the FCI Issuing Lenders and
the Issuing Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements
and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections
2.10 and 9.3.

 

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

 

Section 8.10         Collateral
and Guaranty Matters.

 

The Lenders, the Issuing
Lenders, the FCI Issuing Lenders and the Foreign Trade Facility Agent irrevocably authorize the Administrative Agent, at its option
and in its discretion,

 

(a)           to
release any Lien on any Collateral granted to or held by the Administrative Agent under any Loan Document (i) upon termination
of the Domestic Revolving Commitments, the Global Revolving Commitments, the Participation FCI Commitments, the Bilateral FCI
Issuing Commitments and the Participation FCI Issuing Commitments and payment in full of all Obligations (other than

 

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contingent indemnification obligations)
and the expiration (without any pending drawing) or termination (or cash collateralization or provision of other credit support
as contemplated by this Agreement) of all Letters of Credit and FCIs, (ii) that is transferred or to be transferred as part
of or in connection with any Disposition permitted hereunder or under any other Loan Document or any involuntary disposition, or
(iii) that is required or contemplated to be released pursuant to the terms of this Agreement or any other Loan Document,
or (iv) as approved in accordance with Section 9.2;

 

(b)           to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder
of any Lien on such property (i) that is permitted by Section 6.3(d), (e), (f), (j), (k) and
(l) or (ii) as approved in accordance with Section 9.2;

 

(c)           to release any Guarantor from its obligations under the Guarantee and Collateral Agreement (i) if such Person ceases to
be a Restricted Subsidiary as a result of a transaction permitted hereunder, (ii) if such release is required or contemplated pursuant
to the terms of this Agreement or the Guarantee and Collateral Agreement or (iii) as approved in accordance with Section 9.2;
or

 

(d)           to
enter into, on behalf of itself and the Lenders, the Issuing Lenders, the FCI Issuing Lenders and the Foreign Trade Facility Agent,
an intercreditor agreement or other agreements for the sharing of collateral pursuant to Section 6.2(i).

 

Upon request by the
Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release
or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the
Guarantee and Collateral Agreement, pursuant to this Section 8.10.

 

Section 8.11          ERISA
Matters.

 

(a)           Each
Lender (i) represents and warrants, as of the date such Person became a Lender party hereto to, and (ii) covenants, from the date
such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of each Agent,
and not, for each avoidance of doubt, to or for the benefit of any Loan Party, that at least one of the following is and will be
true: (A) such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one
or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of or performance of
the Loans, the Letters of Credit, the FCIs, the Commitments or this Agreement; (B) the transaction exemption set forth in one or
more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset
managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class
exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain
transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by
in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of
and performance of the Loans, the Letters of Credit, the FCIs, the Commitments and this Agreement; (C)(1) such Lender is an investment
fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (2) such Qualified
Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and
perform the Loans, the Letters of Credit, the Commitments and this Agreement, (3) the entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the FCIs, the Commitments and this Agreement satisfies the requirements
of sub-sections (b) through (g) of Part I of PTE 84-14 and (4) to the best knowledge of such Lender, the requirements of subsection
(a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of
and performance of the Loans, the Letters of Credit, the FCIs, the Commitments and this Agreement; or (D) such other representation,
warranty and

 

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covenant as may be agreed in writing between
the Administrative Agent, in its sole discretion, and such Lender.

 

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

 

Article
IX

 

MISCELLANEOUS

 

Section 9.1            Notices.

 

Except in the case
of notices and other communications expressly permitted to be given by telephone, all notices and other communications provided
for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail
or sent by telecopy, as follows:

 

(a)           if
to the Parent Borrower, to it at 13320 Ballantyne Corporate Place, Charlotte, North Carolina 28277, attention of Treasurer and
Chief Financial Officer (Telecopy No. 704-7527487), and if to any Foreign Subsidiary Borrower, to it at its address (or telecopy
number) specified in the relevant Borrowing Subsidiary Agreement with a copy to the Parent Borrower at its address (or telecopy
number) specified above;

 

(b)           if
to the Administrative Agent (i) for payments and requests for credit extensions, to Bank of America, N.A., Mail Code: TX2-984-03-23,
Building C, 2380 Performance Drive, Richardson, Texas 75082, Attention: Jennifer Ollek (Telephone: 469-201-8863; Email: jennifer.a.ollek@bofa.com),
(ii) for all other notices, to Bank of America, N.A., Mail Code: TX2-984-03-26, Building C, 2380 Performance Drive, Richardson,
Texas 75082, Attention: Anthony Kell (Telephone: 214.209.4124; Fax: 214-290-9422; Email: anthony.w.kell@bofa.com);

 

(c)            if
to the Foreign Trade Facility Agent, to Deutsche Bank AG, Trade Advisory, Herzogstr. 15, 40217 Düsseldorf, Germany, attention
of Roland Stephan or Alkea Cullman (Telecopy No. 49-211-883-9386; E-mail: spx-ftf.agent@db.com); and

 

(d)            if to any other Lender, to it at its address (or telecopy number) set forth in its Administrative Questionnaire.

 

Any party hereto may change its address
or telecopy number for notices and other communications hereunder by notice to the other parties hereto. All notices and other
communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given
on the date of receipt if such date is a Business Day at the place of such receipt (or otherwise on the first Business Day after
such receipt). Notices and other communications to the Lenders hereunder may be

 

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delivered or furnished by electronic communications
(including e-mail, FpML messaging, and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Administrative
Agent and the applicable Lender. Any Agent or any Loan Party may, in its discretion, agree to accept notices and other communications
to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures
may be limited to particular notices or communications.

 

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

 

The Agents, the Issuing
Lenders, the FCI Issuing Lenders and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic
notices, Borrowing Requests, applications for Letters of Credit, Utilization Requests and Notices of Loan Prepayment) purportedly
given by or on behalf of any Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete
or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by
the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify each Agent, each Issuing Lender, each FCI
Issuing Lender, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting
from the reliance by such Person on each notice purportedly given by or on behalf of a Loan Party, except to the extent that such
losses, costs, expenses and liabilities are determined by a court of competent jurisdiction by a final and nonappealable judgment
to have resulted from the gross negligence, bad faith or willful misconduct of each Agent, such Issuing Lender, such FCI Issuing
Lender, such Lender and/or such Related Parties, as applicable. All telephonic notices to and other telephonic communications with
any Agent may be recorded by such Agent, and each of the parties hereto hereby consents to such recording.

 

Section 9.2            Waivers;
Amendments.

 

(a)            No failure or delay by any Agent or any Lender in exercising any right or power hereunder or under any other Loan Document
shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance
of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or
power. The rights and remedies of the Agents and the Lenders hereunder and under the other Loan Documents are cumulative and are
not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent
to any departure by any Loan Party

 

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therefrom shall in any event be effective
unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective
only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making
of a Loan or issuance of a Letter of Credit or an FCI shall not be construed as a waiver of any Default or Event of Default, regardless
of whether any Agent or any Lender may have had notice or knowledge of such Default at the time.

 

(b)          Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified
except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Required Lenders and
each Loan Party to the relevant Loan Document, or, with the written consent of the Required Lenders, the Administrative Agent and
each Loan Party party to the relevant Loan Document; provided that no such agreement shall:

 

(i)              increase the Commitment of any Lender without the written consent of such Lender;

 

(ii)             reduce
the principal amount of or subordinate the principal of any Loan, LC Disbursement or FCI Disbursement, or reduce the rate of interest
thereon (other than the application of any default rate of interest pursuant to Section 2.15(c)), or reduce any premium,
fees or other amounts payable hereunder, without the written consent of each Lender directly affected thereby; it being acknowledged
and agreed that amendments or modifications of the Consolidated Leverage Ratio test (and all related definitions) are not addressed
by this clause (ii);

 

(iii)            extend the final scheduled date of maturity of any Loan, or postpone the scheduled date of payment of the principal amount
of any Loan, LC Disbursement or FCI Disbursement, or any interest (or premium, if any) thereon, or any fees or other amounts payable
hereunder, or reduce the amount of, waive, excuse or subordinate any such payment, or postpone the scheduled date of expiration
of any Commitment, without the written consent of each Lender directly affected thereby;

 

(iv)            require
any Lender to make Loans having an Interest Period of one year or longer, without the written consent of such Lender;

 

(v)             amend, modify or waive any provision of this Agreement in any manner that would change the application of any prepayment
hereunder disproportionately as among the Facilities without the written consent of the Required Lenders in respect of each Facility
adversely affected thereby;

 

(vi)            amend, modify or waive the first sentence of Section 2.13(a) without the written consent of each Lender directly
affected thereby;

 

(vii)           change
any of the provisions of this Section or the definition of “Required Lenders” or any other provision of any Loan Document
specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder
or make any determination or grant any consent thereunder, without the written consent of each Lender (or each Lender of such
Class, as the case may be);

 

(viii)          release
or subordinate the Guarantee from the Parent Borrower or all or substantially all of the Guarantees from the Subsidiary Guarantors
under the Guarantee and Collateral Agreement (except as expressly provided in the Loan Documents), without the written consent
of each Lender;

 

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(ix)            release
or subordinate all or substantially all of the Liens of the Security Documents on the Collateral (except as expressly provided
in the Loan Documents), without the written consent of each Lender;

 

(x)             amend,
modify or waive the rights or duties of any Agent under this Agreement or any other Loan Document in its capacity as Agent unless
also signed by such Agent; or amend, modify or waive the rights or duties of any Issuing Lender or FCI Issuing Lender under this
Agreement or any other Loan Document in its capacity as Issuing Lender or FCI Issuing Lender, as applicable, unless also signed
by such Issuing Lender or FCI Issuing Lender, as applicable; or

 

(xi)            amend
(A) the definition of “Alternative Currency” without the written consent of each Lender, Issuing Lender and/or FCI
Issuing Lender directly affected thereby or (B) the definition of “Permitted Currencies” without the consent of each
FCI Issuing Lender.

 

(c)           In
addition, notwithstanding the foregoing:

 

(i)              this
Agreement and the other Loan Documents may be amended with the written consent of the Administrative Agent, the Parent Borrower
and the Lenders providing the relevant Replacement Term Loans (as defined below) to permit the refinancing of all outstanding
Incremental Term Loans (“Refinanced Term Loans”) with a replacement “A” or “B” term
loan tranche, as applicable, hereunder (“Replacement Term Loans”); provided that (A) the aggregate principal
amount of such Replacement Term Loans shall not exceed the aggregate principal amount of such Refinanced Term Loans, (B) the weighted
average life to maturity of such Replacement Term Loans shall not be shorter than the weighted average life to maturity of such
Refinanced Term Loans at the time of such refinancing (provided that, this clause (B) shall not apply to bridge Indebtedness
incurred by the Parent Borrower, so long as (1) at the initial maturity of such bridge Indebtedness, such bridge Indebtedness
shall automatically convert to (or would be required to be exchanged for) Indebtedness that complies with this clause (B), and
(2) the only prepayments required to be made on such bridge Indebtedness shall be such prepayments as are customary for similar
bridge financings in light of then-prevailing market conditions (as determined by the Parent Borrower in consultation with the
Administrative Agent)) and (C) all other terms applicable to such Replacement Term Loans shall be substantially identical to,
or less favorable to the Lenders providing such Replacement Term Loans than, those applicable to such Refinanced Term Loans, except
with respect to Applicable Rate or other pricing terms or to the extent necessary to provide for covenants and other terms applicable
to any period after the latest final maturity of any Incremental Term Loans in effect immediately prior to such refinancing;

 

(ii)             this
Agreement and the other Loan Documents may be amended to provide for the increases in the Commitments and/or Incremental Term
Loans contemplated by Section 2.1(b), and matters related thereto, upon (A) execution and delivery by the Parent Borrower,
the Administrative Agent and each Lender increasing its Commitment and/or providing Incremental Term Loans of an Incremental Facility
Activation Notice and (B) such other documents with respect thereto as the Administrative Agent shall reasonably request;

 

(iii)            (A)
this Agreement and the other Loan Documents may be amended to remove any Foreign Subsidiary as a Foreign Subsidiary Borrower under
the Global Revolving Facility upon (I) written notice by the Parent Borrower and such Foreign Subsidiary to the Administrative
Agent to such effect and (II) repayment in full of all outstanding Obligations of such Foreign Subsidiary Borrower under the Global
Revolving Facility and (B) a Foreign Subsidiary may become a Foreign Subsidiary Borrower under the Global Revolving Facility in
accordance with the terms of (including the consents required by) Section 2.23(a);

 

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(iv)            (A) this Agreement and the other Loan Documents may be amended to remove any Foreign Subsidiary as a Foreign Subsidiary
Borrower under the Foreign Trade Facility or the Bilateral Foreign Trade Facility, as applicable, upon (I) written notice by the
Parent Borrower and such Foreign Subsidiary to the Foreign Trade Facility Agent and the Administrative Agent to such effect, (II)
(x) repayment in full of all outstanding Obligations of such Foreign Subsidiary Borrower under the Foreign Trade Facility or the
Bilateral Foreign Trade Facility, as applicable, or (y) assumption in full of all outstanding Obligations of such Foreign Subsidiary
Borrower under the Foreign Trade Facility or the Bilateral Foreign Trade Facility, as applicable, by the Parent Borrower, any existing
Foreign Subsidiary Borrower or any new Foreign Subsidiary Borrower approved by the Agents, each FCI Issuing Lender and the Lenders
with a Participation FCI Commitment and (III) the expiration or termination of (or full cash collateralization or provision of
other credit support in a manner consistent with the terms of Section 2.6(o)(iv) or assumption by the Parent Borrower or
another Foreign Subsidiary Borrower of all the obligations of such Foreign Subsidiary Borrower (pursuant to a written assumption
agreement in form and substance reasonably satisfactory to the Parent Borrower, such Foreign Subsidiary Borrower, any other Foreign
Subsidiary Borrower that assumes obligations of such Foreign Subsidiary Borrower, and the Foreign Trade Facility Agent) in respect
of) all FCIs issued for the account of such Foreign Subsidiary Borrower and (B) a Foreign Subsidiary may become a Foreign Subsidiary
Borrower under the Foreign Trade Facility and the Bilateral Foreign Trade Facility in accordance with (including the consents required
by) Section 2.23(b);

 

(v)             this Agreement and the other Loan Documents may be amended (A) to change any of the mechanics applicable to FCIs set forth
in Section 2.6, with the written consent of the Administrative Agent, the Foreign Trade Facility Agent, the FCI Issuing
Lenders, the Parent Borrower and a majority-in-interest of the Lenders with Participation FCI Commitments, and (B) to change any
of the mechanics applicable to FCIs set forth in Section 2.6 solely to the extent necessary to permit an FCI to be issued
in a particular country in accordance with applicable local Requirements of Law, with the written consent of the Administrative
Agent, the Foreign Trade Facility Agent, each FCI Issuing Lender directly affected thereby, Lenders holding at least a majority
of the Participation FCI Commitments and the Parent Borrower; provided that (x) no amendment pursuant to this clause (v)
shall have the effect of making any change described in the proviso to Section 9.2(b) and (y) no amendment pursuant to clause
(B) above shall have the effect of making any change to Section 2.6 in respect of FCIs (and any related FCI Issuing Lender
Exposure) issued or to be issued outside of such country;

 

(vi)            the Fee Letter and the Deutsche Bank Fee Letter may be amended, or rights or privileges thereunder waived, in a writing
executed only by the parties thereto;

 

(vii)           no
Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment,
waiver or consent which by its terms requires the consent of each affected Lender may be effected with the consent of the applicable
Lenders other than Defaulting Lenders), except that (w) the Commitments of any Defaulting Lender may not be increased or extended
without the consent of such Lender, (x) the principal amount of Loans, Reimbursement Obligations, Bilateral FCI Reimbursement
Obligations and Participation FCI Reimbursement Obligations held by any Defaulting Lender may not be decreased without the
consent of such Lender, (y) any waiver, amendment or modification requiring the consent of each affected Lender that by its terms
affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender,
and (z) no amendment, consent, waiver or other modification of this Section 9.2(c)(vii) shall be effective without the
prior written consent of each Defaulting Lender;

 

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(viii)          this
Agreement and the other Loan Documents may be amended (or amended and restated) with the written consent of the Required Lenders,
the Administrative Agent and the Foreign Trade Facility Agent, the Borrowers and the other Loan Parties (x) to add one or more
additional credit facilities to this Agreement, to permit the extensions of credit from time to time outstanding thereunder and
the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents
with the Term Loan A, the Domestic Revolving Loans, the Global Revolving Loans, the Letters of Credit, the FCIs and the Incremental
Term Loans and the accrued interest and fees in respect thereof and to include appropriately the Lenders holding such credit facilities
in any determination of the Required Lenders and (y) to change, modify or alter Section 2.20 or any other provision hereof
or in any Loan Document relating to pro-rata sharing of payments among the Lenders to the extent necessary to effectuate any
of the amendments (or amendments and restatements) enumerated in clause (viii)(x) above; and

 

(ix)             if
the Administrative Agent and the Parent Borrower acting together identify any non-material ambiguity, omission, mistake, typographical
error or other defect in any provision of this Agreement or any other Loan Document (including the schedules and exhibits thereto),
then the Administrative Agent and the Parent Borrower shall be permitted to amend, modify or supplement such provision to cure
such ambiguity, omission, mistake, typographical error or other defect, and such amendment, modification or supplement shall become
effective without any further action or consent of any other party to this Agreement (it being understood that the Administrative
Agent shall provide prompt notice of any such amendment, modification or supplement to the Foreign Trade Facility Agent, the Lenders
and the Issuing Lenders).

 

Section 9.3           Expenses;
Indemnity; Damage Waiver.

 

(a)           The
Parent Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Agents and their Affiliates, including
the reasonable fees, charges and disbursements of counsel for the Agents, in connection with the syndication of the credit facilities
provided for herein, the preparation and administration of the Loan Documents or any amendments, modifications or waivers of the
provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), including the reasonable
fees and disbursements of one counsel for the Administrative Agent and its Affiliates and one counsel for the Foreign Trade Facility
Agent and its Affiliates and, to the extent reasonably necessary, special and one local counsel in each jurisdiction for the Agents
and their Affiliates (and in the event of any actual or potential conflict of interest, one additional counsel for each Agent
or its Affiliate subject to such conflict), with statements with respect to the foregoing to be submitted to the Parent Borrower
prior to the Funding Date (in the case of amounts to be paid on the Funding Date) and from time to time thereafter on a quarterly
basis or such other periodic basis as the Agents shall deem appropriate, (ii) all reasonable out-of-pocket expenses incurred
by any Issuing Lender or FCI Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of
Credit or FCI or any demand for payment thereunder and (iii) all reasonable out-of-pocket expenses incurred by any Agent
or any Lender, including the fees, charges and disbursements of one counsel for the Agents and their respective Affiliates and
the Lenders, (and, to the extent reasonably necessary, special and one local counsel in each jurisdiction to the Agents and the
Lenders (and in the event of any actual or potential conflict of interest, one additional counsel for each Agent or Lender subject
to such conflict)) in connection with the enforcement or protection of its rights in connection with the Loan Documents, including
its rights under this Section, or in connection with the Loans made or Letters of Credit or FCIs issued hereunder, including all
such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans,
Letters of Credit or FCIs.

 

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(b)           The
Parent Borrower shall indemnify each Agent and each Lender, and each Related Party of any of the foregoing Persons (each such
Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever
(“Losses”), including but limited to the fees, charges and disbursements of one counsel to the Indemnitees
and, to the extent reasonably necessary, special and one local counsel in each jurisdiction to the Indemnitees (and in the event
of any actual or potential conflict of interest, one additional counsel for each Indemnitee subject to such conflict), incurred
by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution, delivery, enforcement,
performance and administration of any Loan Document or any other agreement, letter or instrument delivered in connection with
the transactions contemplated hereby, the performance by the parties to the Loan Documents of their respective obligations thereunder
or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan, Letter of Credit or FCI
or the use of the proceeds therefrom (including any refusal by an Issuing Lender or FCI Issuing Lender to honor a demand for payment
under a Letter of Credit or FCI if the documents presented in connection with such demand do not strictly comply with the terms
of such Letter of Credit or FCI, as applicable), (iii) any actual or alleged presence or release of Hazardous Materials on or
from any property currently owned or operated by the Parent Borrower or any of its Restricted Subsidiaries, or any Environmental
Liability related in any way to the Parent Borrower or any of its Restricted Subsidiaries, or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory
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 are determined by a court of competent jurisdiction by final and nonappealable judgment
to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee. Notwithstanding the foregoing,
this Section 9.3(b) shall not apply to Taxes other than Indemnified Taxes imposed on amounts payable under this Section
9.3(b).

 

(c)            To the extent that the Parent Borrower fails to pay any amount required to be paid by it to any Agent, any Issuing Lender,
any Participation FCI Issuing Lender or the Swingline Lender under paragraph (a) or (b) of this Section, each
Lender severally agrees to pay to the applicable Agent, such Issuing Lender, Participation FCI Issuing Lender or the Swingline
Lender, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought) 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 such Agent, such Issuing Lender,
such Participation FCI Issuing Lender or the Swingline Lender in its capacity as such. For purposes hereof, a Lender’s “pro
rata share” shall be determined based upon its share of the sum of the total Domestic Revolving Exposures, the total
Global Revolving Exposures, the outstanding amount of its portion of the Term Loan A, any outstanding Incremental Term Loans and
unused Commitments at the time; provided that (i) in the case of amounts owing to any Issuing Lender or the Swingline Lender,
in each case in its capacity as such, a Lender’s “pro rata share” shall be determined based solely upon
its share of the sum of Domestic Revolving Exposures, unused Domestic Revolving Commitments, Global Revolving Exposures and unused
Global Revolving Commitments at the time and (ii) in the case of amounts owing to any Participation FCI Issuing Lender, in its
capacity as such, a Lender’s “pro rata share” shall be determined based solely upon its share of the sum
of the unused Participation FCI Commitments at the time.

 

(d)           To the extent permitted by applicable law, no Borrower shall assert, and each Borrower 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 or any agreement or instrument contemplated hereby,
the Transactions, any Loan, Letter of Credit or FCI or the use of the proceeds thereof.

 

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(e)           All
amounts due under this Section shall be payable not later than 15 days after written demand therefor. Statements payable by the
Parent Borrower pursuant to this Section shall be sent to Attention of Treasurer and Chief Financial Officer (Telephone No. 704-752-4400)
(Telecopy No. 704-752-7487), at the address of the Parent Borrower set forth in Section 9.1, or to such other Person or
address as may be hereafter designated by the Parent Borrower in a written notice to the Administrative Agent.

 

Section 9.4           Successors
and Assigns; Participations and Assignments.

 

(a)           Successors
and Assigns Generally. The provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the
benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except that the Parent
Borrower may not assign or otherwise transfer any of its rights or obligations hereunder or thereunder (except in accordance with
Section 6.4(f)) without the prior written consent of each 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 subsection (b)
of this Section, (ii) by way of participation in accordance with the provisions of subsections (e) and (f) of this
Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (g) of
this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, Participants to the extent provided in subsection (e) of this Section and, to the extent
expressly contemplated hereby, the Related Parties of each of the Agents, the Issuing Lenders and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement.

 

(b)          Assignments
by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under
this Agreement and the other Loan Documents (including all or a portion of its Commitment and the Loans (including for purposes
of this subsection (b), participations in Letters of Credit, FCIs and Swingline Loans) at the time owing to it); provided
that any such assignment shall be subject to the following conditions:

 

(i)            Minimum
Amounts.

 

(A)            in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at
the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount
need be assigned; and

 

(B)             in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which
for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding
balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment
and Assumption, as of the Trade Date, shall not be less than (1) $5,000,000 in the case of an assignment of Domestic Revolving
Loans or Global Revolving Loans, (2) $5,000,000 in the case of an assignment of any Term Loans and (3) $5,000,000 in the case of
an assignment in respect of the Foreign Trade Facility unless each of the Administrative Agent and, so long as no Event of Default
has occurred and is continuing, the Parent Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed);
provided, however, that concurrent assignments to members of an Assignee

 

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Group and concurrent assignments
from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group)
will be treated as a single assignment for purposes of determining whether such minimum amount has been met;

 

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

 

(A)            the
consent of the Parent Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event
of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender (or, with respect
to any assignment of any Term Loans, such assignment is to an Affiliate of a Lender or an Approved Fund);

 

(B)            the
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments
in respect of (i) any Term Loan A Commitment, any Incremental Term Loan Commitment, any Domestic Revolving Commitment or any Global
Revolving Commitment if such assignment is to a Person that is not a Lender (other than to a Person that is an Affiliate of a
Lender) with a Commitment in respect of the Commitment subject to such assignment and (ii) any portion of the Term Loan A or any
Incremental Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund;

 

(C)            the
consent of the Issuing Lenders (such consent not to be unreasonably withheld or delayed) shall be required for any assignment
in respect of a Domestic Revolving Commitment if such assignment is to a Person that is not a Domestic Revolving Lender, an Affiliate
of such Lender or an Approved Fund with respect to such Lender;

 

(D)            the
consent of the FCI Issuing Lenders in their sole discretion shall be required for any assignment (other than any assignment to
the Foreign Trade Facility Agent) after the Effective Date that increases the obligation of the assignee to participate in exposure
under one or more FCIs or Joint Signature FCIs (whether or not then outstanding);

 

(E)             the
consent of the Swingline Lender (such consent not to be unreasonably withheld or delayed) shall be required for any assignment
in respect of a Domestic Revolving Commitment if such assignment is to a Person that is not a Domestic Revolving Lender, an Affiliate
of such Lender or an Approved Fund with respect to such Lender; and

 

(F)             the consent of the Foreign Trade Facility Agent (such consent not to be unreasonably withheld or delayed) shall be required
for all assignments in respect of any Bilateral FCI Issuing Commitments, Participation FCI Issuing Commitments or Participation
FCI Commitment.

 

(iii)           Assignment
and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative
Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.

 

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(iv)            No
Assignment to Borrower. Except as otherwise permitted pursuant to Section 9.4((k), no such assignment shall be made
to the Parent Borrower or any of the Parent Borrower’s Affiliates or Subsidiaries.

 

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

 

(vi)            No Assignment to a Defaulting Lender. No such assignment shall be made to a Defaulting Lender.

 

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

 

Subject to acceptance and recording thereof
by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each
Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the 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 2.17,
2.18, 2.19 and 9.3 with respect to facts and circumstances occurring prior to the effective date of such assignment.
Upon request, the Parent Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer
by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes
of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsections
(e) and (f) of this Section.

 

(c)           Register.
The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Parent Borrower, shall maintain at the
Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation
of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans, FCI Issuing Lender Exposure,
and LC Exposure 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 Parent Borrower, the Administrative

 

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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. In addition, the Administrative Agent shall maintain on the Register information regarding the designation,
and revocation of designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by the Parent
Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(d)           Notes.
If after giving effect to any Assignment and Assumption, the relevant assignor no longer has any Commitments with respect to the
Commitments being assigned, such assignor shall, upon the request of the Parent Borrower, return each Note (if any) with respect
to each such Commitment to the Parent Borrower marked “cancelled”.

 

(e)            Participations. Any Lender may at any time, without the consent of, or notice to, any Borrower or any Agent, sell
participations to any Person (other than a natural person (or a holding company, investment vehicle or trust for, or owned and
operated for the primary benefit of, a natural Person), a Defaulting Lender, or the Parent Borrower or any of the Parent Borrower’s
Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or
obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in FCI Issuing Lender Exposure, LC Exposure and/or Swingline 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 Parent Borrower, the Administrative Agent,
the Foreign Trade Facility Agent, the other Lenders and the Issuing 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 the proviso to Section 9.2(b) (and other than application of any default rate of interest pursuant
to Section 2.15(c)) that affects such Participant. Subject to subsection (f) of this Section, the Parent Borrower
agrees that each Participant shall be entitled to the benefits of Sections 2.17, 2.18 and 2.19 to the same
extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section; provided
that, in the case of Section 2.19, such Participant shall have complied with the requirements of said section. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 9.8 as though it were a Lender; provided
that such Participant agrees to be subject to Section 2.20(c) as though it were a Lender.

 

(f)            Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Sections
2.17 or 2.19 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 Parent Borrower’s prior written
consent. A Participant shall not be entitled to the benefits of Section 2.19 unless the Parent Borrower is notified of the
participation sold to such Participant and such Participant agrees, for the benefit of the Parent Borrower, to comply with Sections
2.19(e), 2.19(f) and 2.19(i), as though it were a Lender.

 

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

 

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(h)           Resignation as Issuing Lender or Swingline Lender after Assignment. Notwithstanding anything to the contrary contained
herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, Bank of
America may, (i) upon thirty days’ notice to the Parent Borrower and the Lenders, resign as Issuing Lender and/or (ii) upon
thirty days’ notice to the Parent Borrower, resign as Swingline Lender. In the event of any such resignation as Issuing Lender
or Swingline Lender, the Parent Borrower shall be entitled to appoint from among the Lenders a successor Issuing Lender or Swingline
Lender hereunder; provided, however, that no failure by the Parent Borrower to appoint any such successor shall affect
the resignation of Bank of America as Issuing Lender or Swingline Lender, as the case may be. If Bank of America resigns as Issuing
Lender, it shall retain all the rights, powers, privileges and duties of the Issuing Lender hereunder with respect to all Letters
of Credit outstanding as of the effective date of its resignation as Issuing Lender and all LC Exposure with respect thereto (including
the right to require the Lenders to make ABR Loans or fund risk participations in unreimbursed amounts pursuant to Section 2.5(d)).
If Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with
respect to Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require
the Lenders to make ABR Loans or fund risk participations in outstanding Swingline Loans pursuant to Section 2.4(c). Upon
the appointment of a successor Issuing Lender and/or Swingline Lender, (1) such successor shall succeed to and become vested with
all of the rights, powers, privileges and duties of the retiring Issuing Lender or Swingline Lender, as the case may be, and (2)
the successor Issuing Lender shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the
time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank
of America with respect to such Letters of Credit.

 

(i)             Assignments
by FCI Issuing Lenders. Any FCI Issuing Lender may at any time assign to one or more assignees all or a portion of its Bilateral
FCI Issuing Commitment to issue future Bilateral FCIs (and related rights and obligations with respect to such Bilateral FCI Issuing
Commitment) and/or its Participation FCI Issuing Commitment to issue future Participation FCIs (and related rights and obligations
with respect to such Participation FCI Issuing Commitment); provided that any such assignment shall be subject to the consent
of the Parent Borrower (such consent not to be unreasonably withheld or delayed) unless an Event of Default has occurred and is
continuing at the time of such assignment and to the consent of the Foreign Trade Facility Agent (such consent not to be unreasonably
withheld or delayed). The parties to each assignment shall execute and deliver to the Administrative Agent and the Foreign Trade
Facility Agent an assignment agreement, together with a processing and recordation fee in the aggregate amount of $3,500 payable
to the Administrative Agent; provided, however, that the Administrative Agent may, in its sole discretion, elect
to waive such processing and recordation fee in the case of any such assignment. The assignee, if it is not already an FCI Issuing
Lender, shall deliver to the Administrative Agent and the Foreign Trade Facility Agent an Administrative Questionnaire. No such
assignment by an FCI Issuing Lender shall be made to (i) the Parent Borrower or any of the Parent Borrower’s Affiliates
or Subsidiaries or (ii) a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the
primary benefit of, a natural person). Upon consummation of any such assignment, Schedule 1.1A shall be deemed revised
to reflect the Bilateral FCI Issuing Commitments and/or Participation FCI Issuing Commitments after giving effect to such assignment.
From and after the effective date specified in each such Assignment and Assumption, the assignee FCI Issuing Lender thereunder
shall be a party to this Agreement and, to the extent of the Bilateral FCI Issuing Commitment and/or Participation FCI Issuing
Commitment assigned by such assignment, have the rights and obligations of a Bilateral FCI Issuing Lender and/or Participation
FCI Issuing Lender, as applicable, under this Agreement, and the assigning Bilateral FCI Issuing Lender thereunder shall, to the
extent of the Bilateral FCI Issuing Commitment and/or Participation FCI Issuing Commitments assigned by such assignment, be released
from its obligations under this Agreement but shall continue to be entitled to the benefits of Sections 2.17, 2.18,
2.19 and 9.3 with respect to facts and circumstances occurring prior to the effective date of such assignment and
shall continue to have the

 

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rights and obligations of an FCI Issuing
Lender with respect to any FCIs issued by it prior to the time of such assignment.

 

(j)             Each
Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Parent Borrower, maintain
a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Loans or other obligations under this Agreement or any other Loan Documents sold to such Participant
(the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any
portion of the Participant Register to any Person except to the extent that such disclosure is necessary to establish that the
applicable obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in
the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded
in the Participant Register as the owner of such participation for all purposes of this Agreement and any other Loan Document
notwithstanding any notice to the contrary.

 

(k)            Borrower Buybacks. Notwithstanding anything in this Agreement to the contrary, any Term Loan A Lender and/or any
Incremental Term Lender, as applicable (but not, for purposes of clarity, any other Facility) may, at any time, assign all or a
portion of its Term Loans on non-pro rata basis to the Parent Borrower in accordance with the procedures set forth on Schedule
9.4(k), pursuant to an offer made to all Term Loan A Lender and/or all Incremental Term Lender, as applicable, on a pro rata
basis (a “Dutch Auction”), subject to the following limitations: (i) immediately and automatically, without
any further action on the part of the Parent Borrower, any Lender, the Administrative Agent or any other Person, upon the effectiveness
of such assignment of Term Loans from a Term Loan A Lender and/or an Incremental Term Lender, as applicable, to the Parent Borrower,
such Term Loans and all rights and obligations as a Term Loan A Lender and/or an Incremental Term Lender, as applicable, related
thereto shall, for all purposes under this Agreement, the other Loan Documents and otherwise, be deemed to be irrevocably prepaid,
terminated, extinguished, cancelled and of no further force and effect and the Parent Borrower shall neither obtain nor have any
rights as a Term Loan A Lender and/or an Incremental Term Lender, as applicable, hereunder or under the other Loan Documents by
virtue of such assignment; (ii) no proceeds of any Domestic Revolving Loans, any Global Revolving Loans or any Swingline Loan shall
be used to fund any such assignment; and (iii) no Event of Default shall have occurred and be continuing before or immediately
after giving effect to such assignment. By participating in any such Dutch Auction, each Lender acknowledges and agrees that (A)
the Parent Borrower and its Subsidiaries may have, and later may come into possession of, Excluded Information, (B) such Lender
has independently and, without reliance on the Parent Borrower or any of its Restricted Subsidiaries, the Administrative Agent,
any other Lender or any of their respective Affiliates, made its own analysis and determination to participate in such Dutch Auction
notwithstanding such Lender’s lack of knowledge of the Excluded Information, (C) none of the Parent Borrower and its Subsidiaries
shall be required to make any representation that it is not in possession of Excluded Information, (D) none of the Parent Borrower
and its Subsidiaries, the Administrative Agent, any other Lender or any of their respective Affiliates shall have any liability
to such Lender, and such Lender hereby waives and releases, to the extent permitted by law, any claims such Lender may have against
any such Persons under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information, (E) the Excluded
Information may not be available to the Agents and the other Lenders and (F) if so requested by any party to assignments of all
or any portion of its Term Loans in connection with such Dutch Auction, such Lender will make additional customary “big boy”
representations.

 

Section 9.5            Survival.

 

All covenants, agreements,
representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered
in connection with or pursuant to this

 

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Agreement or any other Loan Document shall
be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents
and the making of any Loans and issuance of any Letters of Credit and FCIs, regardless of any investigation made by any such other
party or on its behalf and notwithstanding that any Agent or any Lender may have had notice or knowledge of any Default or incorrect
representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as
the principal of or any accrued interest (or premium, if any) on any Loan or any fee or any other amount payable under this Agreement
is outstanding and unpaid or any Letter of Credit or FCI is outstanding and so long as the Commitments have not expired or terminated.
The provisions of Sections 2.17, 2.18, 2.19 and 9.3 and Article VIII shall survive and remain
in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the
expiration or termination of the Letters of Credit, the FCIs or the Commitments or the termination of this Agreement or any provision
hereof. The provisions of Section 9.11 shall survive and remain in full force and effect for two years after the termination
of this Agreement.

 

Section 9.6            Counterparts;
Integration.

 

This Agreement may
be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Document and any separate
letter agreements with respect to fees payable to any Agent constitute the entire contract among the parties relating to the subject
matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter
hereof. This Agreement shall be binding upon and inure to the benefit of the parties hereto (including the Lenders) and their respective
successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic
transmission shall be effective as delivery of a manually executed counterpart of this Agreement or such other Loan Document.

 

Section 9.7            Severability.

 

Any provision of this
Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability
of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not
invalidate such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 9.7, if and
to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by the
Bankruptcy Code of the United States (or similar debtor relief laws of the United States or other applicable jurisdictions), as
determined in good faith by the applicable Agent, the applicable Issuing Lender, the Swingline Lender or the applicable FCI Issuing
Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited.

 

Section 9.8            Right
of Setoff.

 

If an Event of Default
shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to
time, after obtaining the prior written consent of the Administrative Agent, to the fullest extent permitted by law, to set off
and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations
at any time owing by such Lender or Affiliate to or for the credit or the account of a Borrower against any of and all the obligations
of a Borrower now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall
have made any demand under this Agreement and although such obligations may be unmatured; provided, that in the event that
any Defaulting Lender shall

 

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exercise any such right of setoff, (x)
all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the
provisions of Section 2.24 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds
and deemed held in trust for the benefit of the Agents and the Lenders, and (y) the Defaulting Lender shall provide promptly to
the applicable Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it
exercised such right of setoff. The rights of each Lender under this Section are in addition to other rights and remedies (including
other rights of setoff) which such Lender may have.

 

Section 9.9             Governing
Law; Jurisdiction; Consent to Service of Process.

 

(a)            This Agreement shall be construed in accordance with and governed by the law of the State of New York.

 

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

 

(c)            Each party to this Agreement hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively
do so, (i) any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out
of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section, (ii)
the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court and (iii) any right it may
have to claim or recover in any legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential
damages (as opposed to direct or actual damages).

 

(d)            Each
party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.1. In
addition, each Foreign Subsidiary Borrower agrees that service of process may be effected by mailing a copy thereof by registered
or certified mail (or any substantially similar form of mail), postage prepaid, to the Parent Borrower at its address for notices
in Section 9.1. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement
to serve process in any other manner permitted by law.

 

Section 9.10          Headings.

 

Article and Section
headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall
not affect the construction of, or be taken into consideration in interpreting, this Agreement.

 

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Section 9.11          Confidentiality.

 

Each of the Agents
and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed
(a) to its Affiliates, its auditors and its Related Parties, including accountants, legal counsel and other advisors on a reasonable
need to know basis (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 Governmental Authority
or rating agency, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d)
to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding
relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement, (g) subject to an agreement containing provisions
substantially the same as those of this Section, to any direct or indirect contractual counterparty in Hedging Agreements or other
swap agreements relating to this Agreement or such counterparty’s professional advisor, (h) with the consent of the Parent
Borrower, and (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section,
(y) is or becomes available to any Agent or any Lender on a nonconfidential basis from a source (believed in good faith by such
Agent or Lender not to have any duty of confidentiality to any Borrower) other than a Borrower, or (z) is independently discovered
or developed by a party hereto without utilizing any Information received from any Borrower or violating the terms of this Section
9.11. In addition, the Agents and the Lenders may disclose the existence of this Agreement and information about this Agreement
to market data collectors, similar service providers to the lending industry and service providers to the Agents and the Lenders
in connection with the administration of this Agreement, the other Loan Documents, and the Commitments. For the purposes of this
Section, “Information” means all information received from or on behalf of any Borrower relating to a Borrower
or its business; provided that such information is clearly identified at the time of delivery as confidential. Any Person
required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its
obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as
such Person would accord to its own confidential information.

 

Section 9.12          Waiver
of Jury Trial.

 

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

 

Section 9.13          Release
of Collateral.

 

(a)            On
the first date (the “Release Date”) on which the corporate family rating of the Parent Borrower from Moody’s
is “Baa3” or better or the corporate credit rating of the Parent Borrower from S&P is “BBB-” or better,
subject to any additional condition required by the Lenders providing any Incremental Term Loans as provided in Section 2.1(b),
and so long as no Default or Event of Default exists on such date or after giving effect to the release of Liens contemplated
hereby, all Collateral shall

 

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be released from the Liens created by the
Guarantee and Collateral Agreement and any other Security Document, all without delivery of any instrument or performance of any
act by any party, and all rights to the Collateral shall revert to the Loan Parties. At the request and sole expense of any Loan
Party following any such release, the Administrative Agent shall deliver to such Loan Party any Collateral held by the Administrative
Agent under any Security Document, and execute and deliver to such Loan Party such documents as such Loan Party shall reasonably
request to evidence such release.

 

(b)           If any of the Collateral shall be Disposed of by any Loan Party in a transaction permitted by this Agreement, then the Administrative
Agent, at the request and sole expense of such Loan Party, shall execute and deliver to such Loan Party all releases or other documents
reasonably necessary or desirable for the release of the Liens created by the Guarantee and Collateral Agreement and any other
Security Document on such Collateral. At the request and sole expense of the Parent Borrower, a Subsidiary Guarantor shall be released
from its obligations under the Guarantee and Collateral Agreement and any other Security Document in the event that such Subsidiary
Guarantor ceases to be a Wholly Owned Subsidiary pursuant to a transaction expressly permitted by this Agreement and if, as a result
of such transaction, the Parent Borrower and its Restricted Subsidiaries own less than 75% of the outstanding voting Capital Stock
of such Subsidiary Guarantor. In addition, at the request and sole expense of the Parent Borrower, not more than twice during the
term of this Agreement after the Funding Date, a Subsidiary Guarantor and the Subsidiaries of such Subsidiary Guarantor shall be
released from their respective obligations under the Guarantee and Collateral Agreement and any other Security Document in the
event that a portion of the Capital Stock of such Subsidiary Guarantor is Disposed of in a transaction expressly permitted by Section
6.6(e) or (g) (but which does not satisfy the requirements of the preceding sentence); provided that the aggregate
Consolidated EBITDA for the most recently completed period of four consecutive fiscal quarters for which financial statements have
been delivered pursuant to Section 5.1 (in each case determined at the time of such transaction) that is attributable to
the Subsidiaries released from their obligations hereunder pursuant to this sentence shall not exceed $40,000,000. Notwithstanding
the foregoing, in no event shall any Subsidiary be released from its obligations under the Guarantee and Collateral Agreement or
any other Security Document, in the event that such Subsidiary is a guarantor of any other Indebtedness of any Loan Party.

 

(c)           At
such time as the Loans, the Reimbursement Obligations, the Bilateral FCI Reimbursement Obligations, the Participation FCI Reimbursement
Obligations and the other Obligations shall have been paid in full, the Commitments have been terminated and no Letters of Credit
or FCIs shall be outstanding (or shall have been fully cash collateralized or otherwise supported in a manner consistent with
the terms of Section 2.5(j) or Section 2.6(o)(iv), as applicable), the Collateral shall be released from the Liens
created by the Guarantee and Collateral Agreement and any other Security Document, and each Security Document and all obligations
(other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party thereunder shall
terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall
revert to the Loan Parties. At the request and sole expense of any Loan Party following any such termination, the Administrative
Agent shall deliver to such Loan Party any Collateral held by the Administrative Agent under any Security Document, and execute
and deliver to such Loan Party such documents as such Loan Party shall reasonably request to evidence such termination.

 

Section 9.14          Judgment
Currency.

 

(a)            The
Borrowers’ obligations hereunder and under the other Loan Documents to make payments in a specified currency (the “Obligation
Currency”) shall not be discharged or satisfied by any tender or recovery pursuant to any judgment expressed in or converted
into any currency other than the Obligation Currency, except to the extent that such tender or recovery results in the effective
receipt by the applicable Agent or a Lender of the full amount of the Obligation Currency expressed to be payable to

 

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such Agent or such Lender under this Agreement
or the other Loan Documents. If, for the purpose of obtaining or enforcing judgment against any Loan Party in any court or in any
jurisdiction, it becomes necessary to convert into or from any currency other than the Obligation Currency (such other currency
being hereinafter referred to as the “Judgment Currency”) an amount due in the Obligation Currency, the conversion
shall be made, at the rate of exchange (as quoted by the Administrative Agent or if the Administrative Agent does not quote a rate
of exchange on such currency, by a known dealer in such currency designated by the Administrative Agent) determined, in each case,
as of the Business Day immediately preceding the date on which the judgment is given (such Business Day being hereinafter referred
to as the “Judgment Currency Conversion Date”).

 

(b)           If
there is a change in the rate of exchange prevailing between the Judgment Currency Conversion Date and the date of actual payment
of the amount due, the Borrowers covenant and agree to pay, or cause to be paid, such additional amounts, if any (but in any event
not a lesser amount), as may be necessary to ensure that the amount paid in the Judgment Currency, when converted at the rate
of exchange prevailing on the date of payment, will produce the amount of the Obligation Currency which could have been purchased
with the amount of Judgment Currency stipulated in the judgment or judicial award at the rate of exchange prevailing on the Judgment
Currency Conversion Date.

 

(c)           For
purposes of determining any rate of exchange or currency equivalent for this Section, such amounts shall include any premium and
costs payable in connection with the purchase of the Obligation Currency.

 

Section 9.15          USA
Patriot Act Notice.

 

Each Lender hereby
notifies each Borrower that, pursuant to the requirements of the PATRIOT Act and other applicable foreign Requirements of Law,
it is required to obtain, verify and record information that identifies each Borrower, which information includes the name and
address of each Borrower and other information that will allow such Lender to identify each Borrower in accordance with the PATRIOT
Act or such other Requirements of Law, as applicable.

 

Section 9.16          Electronic
Execution of Assignments and Certain Other Documents.

 

The words “execute,”
“execution,” “signed,” “signature,” and words of like import in or related to any document
to be signed in connection with this Agreement and the transactions contemplated hereby (including Assignment and Assumptions,
amendments or other modifications, Borrowing Requests, Interest Election Requests, Utilization Requests, waivers and consents)
shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic
platforms approved by the applicable Agent, or the keeping of records in electronic form, each of which shall be of the same legal
effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case
may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic
Transactions Act; provided, that, notwithstanding anything contained herein to the contrary no Agent is under any obligation
to agree to accept electronic signatures in any form or in any format unless expressly agreed to by such Agent pursuant to procedures
approved by it.

 

Section 9.17          No
Advisory or Fiduciary Responsibility.

 

In connection with
all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof
or of any other Loan Document), the Parent Borrower acknowledges and agrees, and acknowledges its Subsidiaries’ understanding,
that: (a)(i) the

 

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arranging and other services regarding
this Agreement provided by the Administrative Agent, the Foreign Trade Facility Agent and BofA Securities, are arm’s-length
commercial transactions between the Parent Borrower and its Subsidiaries, on the one hand, and the Administrative Agent, the Foreign
Trade Facility Agent and BofA Securities, on the other hand, (ii) the Parent Borrower has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate, and (iii) the Parent Borrower is capable of evaluating, and
understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents;
(b)(i) the Administrative Agent, the Foreign Trade Facility Agent and BofA Securities each is and has been acting solely as a principal
and, except as expressly agreed in writing by the relevant parties, has not been, is not and will not be acting as an advisor,
agent or fiduciary, for the Parent Borrower or any of Subsidiaries or any other Person and (ii) neither the Administrative Agent,
the Foreign Trade Facility Agent nor BofA Securities has any obligation to the Parent Borrower or any of its Subsidiaries with
respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents;
and (c) the Administrative Agent, the Foreign Trade Facility Agent and BofA Securities and their respective Affiliates may be engaged
in a broad range of transactions that involve interests that differ from those of the Parent Borrower and its Subsidiaries, and
neither the Administrative Agent, the Foreign Trade Facility Agent nor BofA Securities has any obligation to disclose any of such
interests to the Parent Borrower or its Subsidiaries. To the fullest extent permitted by law, the Parent Borrower hereby waives
and releases, any claims that it may have against the Administrative Agent, the Foreign Trade Facility Agent or BofA Securities
with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated
hereby.

 

Section 9.18          Keepwell.

 

Each Loan Party that
is a Qualified ECP Guarantor at the time the Guarantee under the Guarantee and Collateral Agreement is entered into by any Loan
Party that is not then an “eligible contract participant” under the Commodity Exchange Act (a “Specified Loan
Party”) or at the time any such Specified Loan Party grants a security interest under the Loan Documents, hereby jointly
and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified
Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of
its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of
such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings
under the Guarantee and Collateral Agreement voidable under the Bankruptcy Code of the United States (or similar debtor relief
laws of the United States or other applicable jurisdictions), and not for any greater amount). The obligations and undertakings
of each applicable Loan Party under this Section shall remain in full force and effect until such time as the Obligations (other
than contingent indemnification obligations that survive the termination of this Agreement) have been paid in full, the Commitments
have expired or terminated and all Letters of Credit and FCIs shall have expired (without any pending drawing) or terminated (or
been fully cash collateralized or otherwise supported in a manner consistent with the terms of Section 2.5(j) or Section
2.6(o)(iv), as applicable). Each Loan Party intends this Section to constitute, and this Section shall be deemed to constitute,
a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified
Loan Party for all purposes of the Commodity Exchange Act.

 

Section 9.19          Acknowledgement
and Consent to Bail-In of EEA Financial Institutions.

 

Notwithstanding anything
to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the
extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution

 

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Authority and agrees and consents to,
and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority
to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and (b)
the effects of any Bail-In Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation
of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership
in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred
on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or (iii) the variation of the terms of such liability in connection
with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority.

 

Section 9.20          Acknowledgement
Regarding Any Supported QFC.

 

To the extent that
the Loan Documents provide support, through a guarantee or otherwise, for any swap contract or any other agreement or instrument
that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”),
the parties acknowledge and agree that, with respect to the resolution power of the Federal Deposit Insurance Corporation under
the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with
the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported
QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC
may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the
United States), in the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes
subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC
Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property
securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer
would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest,
obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event
a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,
Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised
under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States
or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the
parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported
QFC or any QFC Credit Support.

 

[SIGNATURE
PAGES OMITTED]

 

    183

     

    

 

 

 

 

Schedule 1.1A Commitments Commitments Domestic
Revolving Commitments Global Revolving Bank of America, N.A. Deutsche Bank AG New York Branch BBVA USA BNP Paribas Fifth Third
Bank, National Association JPMorgan Chase Bank, N.A. MUFG Bank, LTD. Sumitomo Mitsui Banking Corporation TD Bank, N.A. The Bank
of Nova Scotia Truist Bank Citizens Bank, N.A. Regions Bank The Huntington National Bank Taiwan Cooperative Bank, Los Angeles Branch
E. Sun Commercial Bank, LTD., Los Angeles Branch $23,156,412.73 $22,733,333.33 $19,517,547.86 $19,517,547.86 $37,928,571.43 $19,517,547.86
$14,828,571.43 $33,619,412.72 $19,517,547.86 $19,517,547.86 $19,517,547.86 $14,886,265.32 $14,886,265.32 $11,578,206.36 $6,428,571.43
$2,849,102.77 7.718804243% 7.577777777% 6.505849287% 6.505849287% 12.642857143% 6.505849287% 4.942857143% 11.206470907% 6.505849287%
6.505849287% 6.505849287% 4.962088440% 4.962088440% 3.859402120% 2.142857143% 0.949700923% $16,731,026.13 $11,366,666.67 $14,101,864.86
$14,101,864.86 $0.00 $14,101,864.86 $7,414,285.71 $0.00 $14,101,864.86 $14,101,864.86 $14,101,864.86 $10,755,659.64 $10,755,659.64
$8,365,513.05 $0.00 $0.00 11.154017420% 7.577777780% 9.401243240% 9.401243240% 0.000000000% 9.401243240% 4.942857140% 0.000000000%
9.401243240% 9.401243240% 9.401243240% 7.170439760% 7.170439760% 5.577008700% 0.000000000% 0.000000000% CHAR1\1699750v1 Total$300,000,000.00100.000000000%$150,000,000.00100.000000000%
ApplicableApplicable LenderDomestic Revolving Percentages for totalGlobal RevolvingPercentages for total CommitmentsCommitments

 

 

    	 

    	 

     

 

Bank of America, N.A. Deutsche Bank AG Deutschlandgeschäft
Branch BBVA USA BNP Paribas Fifth Third Bank, National Association JPMorgan Chase Bank, N.A. MUFG Bank, LTD. Sumitomo Mitsui Banking
Corporation TD Bank, N.A. The Bank of Nova Scotia Truist Bank Citizens Bank, N.A. Regions Bank The Huntington National Bank Taiwan
Cooperative Bank, Los Angeles Branch E. Sun Commercial Bank, LTD., Los Angeles Branch $24,323,001.64 $0.00 $20,500,815.66 $20,500,815.66
$21,071,428.57 $20,500,815.66 $12,357,142.86 $20,500,815.66 $20,500,815.66 $20,500,815.66 $20,500,815.66 $15,636,215.33 $15,636,215.33
$12,161,500.82 $3,571,428.57 $1,737,357.26 9.729200656% 0.000000000% 8.200326264% 8.200326264% 8.428571428% 8.200326264% 4.942857144%
8.200326264% 8.200326264% 8.200326264% 8.200326264% 6.254486132% 6.254486132% 4.864600328% 1.428571428% 0.694942904% $5,789,559.50
$4,300,000.00 $4,879,771.62 $4,879,771.62 $0.00 $4,879,771.62 $0.00 $4,879,771.62 $4,879,771.62 $4,879,771.62 $4,879,771.62 $3,721,859.71
$3,721,859.71 $2,894,779.77 $0.00 $413,539.97 10.526471818% 7.818181818% 8.872312036% 8.872312036% 0.000000000% 8.872312036% 0.000000000%
8.872312036% 8.872312036% 8.872312036% 8.872312036% 6.767017655% 6.767017655% 5.263235945% 0.000000000% 0.751890855% CHAR1\1699750v1
Total$250,000,000.00100.000000000%$55,000,000.00100.000000000% Lender ApplicableApplicable Term Loan APercentages for totalParticipation
FCIPercentages for total CommitmentsTerm Loan ACommitmentsParticipation FCI CommitmentsCommitments

 

 

    	 

    	 

     

 

Commitments Deutsche Bank AG Deutschlandgeschäft
Branch Bank of America, N.A. $50,000,000.00 $15,000,000.00 Deutsche Bank AG Deutschlandgeschäft Branch MUFG Bank, LTD. $20,600,000.00
$24,400,000.00 CHAR1\1699750v1 Total$45,000,000.00 LenderBilateral FCI Issuing Commitments Total$65,000,000.00 LenderParticipation
FCI Issuing

 

 

    	 

    	 

     

Schedule 1.1B

 

Material Subsidiaries

 

	Company Name	Jurisdiction of Organization
	1.     Flash Technology, LLC	Delaware
	2.     Genfare Holdings, LLC	Delaware
	3.     Marley Engineered Products LLC	Delaware
	4.     SPX Cooling Technologies, Inc.	Delaware
	5.     SPX Heat Transfer LLC	Delaware
	6.     SPX Holding Inc.	Connecticut
	7.     SPX Transformer Solutions, Inc.	Wisconsin
	8.     TCI International, Inc.	Delaware
	9.     The Marley Company LLC	Delaware
	10.   The Marley–Wylain Company	Delaware
	11.   Kiawah Holding Company	Cayman Islands
	12.   Marley Cooling Tower (Holdings) Limited	United Kingdom
	13.   Marley Canadian ULC	Canada
	14.   Pinehurst Holding Company	Cayman Islands
	15.   SPX European Holding Limited	United Kingdom
	16.   SPX Mauritius Ltd.	Mauritius
	17.   Bethpage Finance*	Luxembourg

  

*Stock of Bethpage Finance is not being pledged.

 

    

     

    

 

Schedule 1.1D Existing FCIs Bilateral FCIs See
attached. CHAR1\1699750v1

 

 

    	 

    	 

     

 

Schedule 1.1 D - Existing Bilateral FCI's SPX
Corporation Sdn. Bhd. Limited Limited Limited Limited Limited Limited Limited Limited Confidential # Confidential Ref.No. of FTFAgent
Foreign Issuing Lender Ref.No. of Foreign Issuing Lender Currency Amount in Currency Type of Foreign Credit Instrument Borrower
Third Party 300BGS1800004 Bank of Tokyo Mitsubishi UFJ Ltd. S516897N USD 74.000,00 warranty obligations SPX Corporation SPX Heat
Transfer LLC 300BGS1800086 Bank of Tokyo Mitsubishi UFJ Ltd. S518222N ZAR 327.000.000,00 payment obligations SPX Corporation DBT
Technologies (Pty) Ltd 300BGS1900020 Bank of Tokyo Mitsubishi UFJ Ltd. S522386N USD 61.666,60 warranty obligations SPX Corporation
SPX Cooling Technologies Malaysia 300BGI1501362 Deutsche Bank AG 300BGI1500827 USD 1.530.408,00 performance obligations SPX Corporation
SPX Heat Transfer LLC 300BGI1501363 Deutsche Bank AG 300BGI1401280 USD 1.300.000,00 performance obligations SPX Corporation SPX
Heat Transfer LLC 300BGI1601407 Deutsche Bank AG 300BGI1601407 USD 45.592,40 performance obligations SPX Corporation TCI International,
Inc. 300BGI1700102 Deutsche Bank AG 300BGI1700102 EUR 7.850,00 warranty obligations SPX Corporation SPX Cooling Technologies UK
300BGI1700420 Deutsche Bank AG 300BGI1700420 EUR 44.740,00 advance payment obligations SPX Corporation SPX Cooling Technologies
UK 300BGI1701006 Deutsche Bank AG 300BGI1701006 EUR 22.370,00 warranty obligations SPX Corporation SPX Cooling Technologies UK
300BGI1701184 Deutsche Bank AG 300BGI1701184 USD 223.223,00 performance obligations SPX Corporation SPX Heat Transfer LLC 300BGI1701417
Deutsche Bank AG 300BGI1701417 EUR 6.485,05 performance obligations SPX Corporation SPX Cooling Technologies UK 300BGI1701416 Deutsche
Bank AG 300BGI1701416 EUR 23.444,95 performance obligations SPX Corporation SPX Cooling Technologies UK 300BGI1800104 Deutsche
Bank AG 300BGI1800104 AED 48.326,00 performance obligations SPX Corporation SPX Cooling Technologies UK 300BGI1800263 Deutsche
Bank AG 300BGI1800263 USD 17.966,70 performance obligations SPX Corporation TCI International, Inc. 300BGI1800278 Deutsche Bank
AG 300BGI1800278 USD 5.500,00 performance obligations SPX Corporation SPX Cooling Technologies UK 300BGI1800286 Deutsche Bank AG
300BGI1800286 USD 20.900,00 performance obligations SPX Corporation SPX Cooling Technologies UK

 

 

    	 

    	 

     

 

Limited Limited Confidential # Confidential Ref.No.
of FTFAgent Foreign Issuing Lender Ref.No. of Foreign Issuing Lender Currency Amount in Currency Type of Foreign Credit Instrument
Borrower Third Party 300BGI1800534 Deutsche Bank AG 300BGI1800534 EUR 31.095,00 warranty obligations SPX Corporation SPX Cooling
Technologies UK 300BGI1800928 Deutsche Bank AG 300BGI1800928 EUR 29.992,20 performance obligations SPX Corporation TCI International,
Inc. 300BGI1800929 Deutsche Bank AG 300BGI1800929 EUR 25.999,90 performance obligations SPX Corporation TCI International, Inc.
300BGI1801271 Deutsche Bank AG 300BGI1801271 EUR 61.239,45 performance obligations SPX Corporation SPX Cooling Technologies UK
300BGI1801343 Deutsche Bank AG 300BGI1801343 EUR 76.464,00 advance payment obligations SPX Corporation TCI International, Inc.
300BGI1801383 Deutsche Bank AG 300BGI1801383 USD 226.821,60 performance obligations SPX Corporation TCI International, Inc. 300BGI1900219
Deutsche Bank AG 300BGI1900219 USD 158.500,00 performance obligations SPX Corporation TCI International, Inc. 300BGI1900218 Deutsche
Bank AG 300BGI1900218 USD 317.000,00 advance payment obligations SPX Corporation TCI International, Inc. 300BGI1900337 Deutsche
Bank AG 300BGI1900337 USD 70.000,00 performance obligations SPX Corporation TCI International, Inc. 300BGI1900411 Deutsche Bank
AG 300BGI1900411 USD 1.134.108,00 advance payment obligations SPX Corporation TCI International, Inc. 300BGI1900448 Deutsche Bank
AG 300BGI1900448 USD 24.485,00 performance obligations SPX Corporation TCI International, Inc. 300BGI1900447 Deutsche Bank AG 300BGI1900447
USD 195.880,00 advance payment obligations SPX Corporation TCI International, Inc. 300BGI1900775 Deutsche Bank AG 300BGI1900775
EUR 29.992,20 warranty obligations SPX Corporation TCI International, Inc. 300BGI1900777 Deutsche Bank AG 300BGI1900777 EUR 25.999,90
warranty obligations SPX Corporation TCI International, Inc. 300BGI1900778 Deutsche Bank AG 300BGI1900778 EUR 15.930,00 warranty
obligations SPX Corporation TCI International, Inc. 300BGI1900934 Deutsche Bank AG 300BGI1900934 USD 210.000,00 advance payment
obligations SPX Corporation TCI International, Inc.

 

 

    	 

    	 

     

 

Limited Limited Limited Limited Confidential #
Confidential Ref.No. of FTFAgent Foreign Issuing Lender Ref.No. of Foreign Issuing Lender Currency Amount in Currency Type of Foreign
Credit Instrument Borrower Third Party 300BGI1901006 Deutsche Bank AG 300BGI1901006 USD 25.000,00 tender obligations SPX Corporation
TCI International, Inc. 300BGI1901015 Deutsche Bank AG 300BGI1901015 USD 5.700,00 performance obligations SPX Corporation SPX Cooling
Technologies UK 300BGI1901271 Deutsche Bank AG 300BGI1901271 USD 102.000,00 warranty obligations SPX Corporation SPX Cooling Technologies
UK 300BGI1901276 Deutsche Bank AG 300BGI1901276 QAR 1.499.725,10 performance obligations SPX Corporation TCI International, Inc.
300BGI1901309 Deutsche Bank AG 300BGI1901309 USD 2.075,00 tender obligations SPX Corporation TCI International, Inc. 300BGI1901466
Deutsche Bank AG 300BGI1901466 EUR 45.886,00 performance obligations SPX Corporation TCI International, Inc. 300BGI1901520 Deutsche
Bank AG 300BGI1901520 EUR 1.499.270,00 performance obligations SPX Corporation SPX Cooling Technologies UK 300BGI1901555 Deutsche
Bank AG 300BGI1901555 QAR 2.999.451,00 advance payment obligations SPX Corporation TCI International, Inc. 300BGI1901452 Deutsche
Bank AG 300BGI1901452 EUR 118.594,00 performance obligations SPX Corporation SPX Cooling Technologies UK 300BGI1901611 Deutsche
Bank AG 300BGI1901611 EUR 125.129,40 advance payment obligations SPX Corporation TCI International, Inc. 300BGI1901612 Deutsche
Bank AG 300BGI1901612 EUR 52.137,30 performance obligations SPX Corporation TCI International, Inc. 300BGI1901658 Deutsche Bank
AG 300BGI1500814 EUR 1.389,00 performance obligations SPX Corporation TCI International, Inc. 300BGI1901659 Deutsche Bank AG 300BGI1600496
AED 136.160,00 performance obligations SPX Corporation SPX Cooling Technologies GmbH 300BGI1901661 Deutsche Bank AG 300BGI1600487
EUR 100.000,00 payment obligations SPX Corporation Balcke-Dürr GmbH 300BGI1901662 Deutsche Bank AG 300BGI1600491 EUR 70.000,00
payment obligations SPX Corporation SPX Cooling Technologies GmbH 300BGI1901690 Deutsche Bank AG 300BGI1901690 GBP 4.120.000,00
performance obligations SPX Corporation

 

 

    	 

    	 

     

 

Confidential # Confidential Ref.No. of FTFAgent
Foreign Issuing Lender Ref.No. of Foreign Issuing Lender Currency Amount in Currency Type of Foreign Credit Instrument Borrower
Third Party 300BGI1901691 Deutsche Bank AG 300BGI1901691 CHF 257.500,00 performance obligations SPX Corporation 300BGI1901692 Deutsche
Bank AG 300BGI1901692 EUR 4.220.879,14 performance obligations SPX Corporation 300BGI1901693 Deutsche Bank AG 300BGI1901693 USD
2.303.110,90 performance obligations SPX Corporation 300BGI1901694 Deutsche Bank AG 300BGI1901694 CNY 2.367.199,56 performance
obligations SPX Corporation 300BGI1901695 Deutsche Bank AG 300BGI1901695 PLN 4.097.128,22 performance obligations SPX Corporation

 

 

    	 

    	 

     

 

Participation FCIs See attached. CHAR1\1699750v1

 

 

    	 

    	 

     

 

Confidential # Confidential Ref.No. of FTFAgent
Foreign Issuing Lender Ref.No. of Foreign Issuing Lender Currency Amount in Currency Type of Foreign Credit Instrument Borrower
Third Party 300BGS1000228 Bank of America N.A. 6008GT006254/10 GBP 100.000,00 payment obligations SPX Corporation Radiodetection
Ltd. 300BGS1500632 Bank of America N.A. 68120705 USD 737.260,00 performance obligations SPX Corporation SPX Heat Transfer LLC 300BGS1600150
Bank of America N.A. 68125226 USD 18.707,89 performance obligations SPX Corporation SPX Cooling Technologies, Inc. 300BGS1600151
Bank of America N.A. 68125225 USD 18.851,81 performance obligations SPX Corporation SPX Cooling Technologies, Inc. 300BGS1600489
Bank of America N.A. 68126076 USD 3.711.146,60 performance obligations SPX Corporation SPX Cooling Technologies, Inc. 300BGS1600550
Bank of America N.A. 68127035 USD 32.025,00 performance obligations SPX Corporation SPX Cooling Technologies, Inc. 300BGS1600750
Bank of America N.A. 68129916 USD 178.500,00 advance payment obligations SPX Corporation TCI International, Inc. 300BGS1700009
Bank of America N.A. 68130910 USD 33.873,13 performance obligations SPX Corporation SPX Cooling Technologies, Inc. 300BGS1700051
Bank of America N.A. 68131568 USD 265.700,00 performance obligations SPX Corporation SPX Heat Transfer LLC 300BGS1700083 Bank of
America N.A. 68132210 USD 188.610,00 performance obligations SPX Corporation SPX Heat Transfer LLC 300BGS1700122 Bank of America
N.A. 68132580 USD 127.070,00 performance obligations SPX Corporation SPX Cooling Technologies, Inc. 300BGS1700245 Bank of America
N.A. 68135178 USD 244.270,00 performance obligations SPX Corporation SPX Heat Transfer LLC 300BGS1700320 Bank of America N.A. 68136463
USD 309.959,00 performance obligations SPX Corporation TCI International, Inc. 300BGS1800025 Bank of America N.A. 68137868 USD
20.083,20 performance obligations SPX Corporation SPX Heat Transfer LLC 300BGS1800079 Bank of America N.A. 68141095 USD 227.261,60
performance obligations SPX Corporation SPX Cooling Technologies, Inc. 300BGS1800121 Bank of America N.A. 68142293 USD 62.893,40
performance obligations SPX Corporation SPX Cooling Technologies, Inc.

 

 

    	 

    	 

     

 

Confidential # Confidential Ref.No. of FTFAgent
Foreign Issuing Lender Ref.No. of Foreign Issuing Lender Currency Amount in Currency Type of Foreign Credit Instrument Borrower
Third Party 300BGS1900017 Bank of America N.A. 68145836 USD 1.357.627,80 performance obligations SPX Corporation SPX Cooling Technologies,
Inc. 300BGS1900223 Bank of America N.A. 68168357 USD 105.529,80 performance obligations SPX Corporation SPX Cooling Technologies,
Inc. 300BGI1600276 Deutsche Bank AG 300BGI1400933 ZAR 2.027.164,15 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600275 Deutsche Bank AG 300BGI1400932 ZAR 2.104.271,10 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd
300BGI1600274 Deutsche Bank AG 300BGI1400931 ZAR 2.027.164,15 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600273
Deutsche Bank AG 300BGI1400930 ZAR 2.027.164,15 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600270 Deutsche
Bank AG 300BGI1400927 ZAR 7.226.782,00 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600262 Deutsche Bank
AG 300BGI1400917 ZAR 28.853.755,00 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600261 Deutsche Bank
AG 300BGI1400916 ZAR 27.231.317,00 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600272 Deutsche Bank
AG 300BGI1400929 ZAR 2.027.164,15 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600271 Deutsche Bank AG
30=BGI1400928 ZAR 7.238.505,00 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600263 Deutsche Bank AG 300BGI1400919
ZAR 12.376.026,50 performance obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600264 Deutsche Bank AG 300BGI1400920
ZAR 30.262.508,00 performance obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600259 Deutsche Bank AG 300BGI1400915
ZAR 24.752.054,20 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600269 Deutsche Bank AG 300BGI1400926
ZAR 7.238.505,00 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1600266 Deutsche Bank AG 300BGI1400923 ZAR
6.930.307,00 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd

 

 

    	 

    	 

     

 

Confidential # Confidential Ref.No. of FTFAgent
Foreign Issuing Lender Ref.No. of Foreign Issuing Lender Currency Amount in Currency Type of Foreign Credit Instrument Borrower
Third Party 300BGI1600267 Deutsche Bank AG 300BGI1400924 ZAR 6.930.307,00 warranty obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600268 Deutsche Bank AG 300BGI1400925 ZAR 7.683.053,00 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600252 Deutsche Bank AG 300BGI1400907 ZAR 28.853.755,00 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600253 Deutsche Bank AG 300BGI1400908 ZAR 27.552.276,30 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600254 Deutsche Bank AG 300BGI1400909 ZAR 27.231.339,00 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600255 Deutsche Bank AG 300BGI1400910 ZAR 28.335.673,00 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600257 Deutsche Bank AG 300BGI1400913 ZAR 24.752.054,20 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600258 Deutsche Bank AG 300BGI1400914 ZAR 12.376.026,50 performance obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600265 Deutsche Bank AG 300BGI1400921 ZAR 30.137.121,00 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600251 Deutsche Bank AG 300BGI1400906 ZAR 24.752.054,20 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600250 Deutsche Bank AG 300BGI1400904 ZAR 12.376.026,50 performance obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600249 Deutsche Bank AG 300BGI1400903 ZAR 12.376.026,50 performance obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600248 Deutsche Bank AG 300BGI1400902 ZAR 11.524.229,50 performance obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600247 Deutsche Bank AG 300BGI1400900 ZAR 11.524.229,50 performance obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600246 Deutsche Bank AG 300BGI1400899 ZAR 12.910.985,50 performance obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1600244 Deutsche Bank AG 300BGI1400896 ZAR 12.525.318,50 performance obligations SPX Corporation DBT Technologies (Pty)
Ltd

 

 

    	 

    	 

     

 

Confidential # Confidential Ref.No. of FTFAgent
Foreign Issuing Lender Ref.No. of Foreign Issuing Lender Currency Amount in Currency Type of Foreign Credit Instrument Borrower
Third Party 300BGI1600243 Deutsche Bank AG 300BGI1400894 ZAR 12.033.953,00 performance obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600242 Deutsche Bank AG 300BGI1400893 ZAR 24.752.054,20 advance payment obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600241 Deutsche Bank AG 300BGI1400892 ZAR 29.217.614,00 performance obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600240 Deutsche Bank AG 300BGI1400891 ZAR 13.776.137,50 performance obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600239 Deutsche Bank AG 300BGI1400887 ZAR 2.027.164,15 advance payment obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600238 Deutsche Bank AG 300BGI1400886 ZAR 12.376.026,50 performance obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600221 Deutsche Bank AG 300BGI0802246 ZAR 15.655.766,25 performance obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600230 Deutsche Bank AG 300BGI0802255 ZAR 25.501.805,00 advance payment obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600213 Deutsche Bank AG 300BGI0802237 ZAR 15.655.766,25 performance obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1600223 Deutsche Bank AG 300BGI0802248 ZAR 15.655.766,25 performance obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1901628 Deutsche Bank AG 300BGI1800097 ZAR 24.752.054,20 warranty obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1901636 Deutsche Bank AG 300BGI1800334 ZAR 12.525.318,50 performance obligations SPX Corporation DBT Technologies
(Pty) Ltd 300BGI1901637 Deutsche Bank AG 300BGI1801243 ZAR 2.031.071,80 warranty obligations SPX Corporation DBT Technologies (Pty)
Ltd 300BGI1901638 Deutsche Bank AG 300BGI1801245 ZAR 1.788.213,83 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd
300BGI1901639 Deutsche Bank AG 300BGI181270 ZAR 6.314.893,83 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd 300BGI1901640
Deutsche Bank AG 300BGI1900166 ZAR 2.766.394,24 warranty obligations SPX Corporation DBT Technologies (Pty) Ltd

 

 

    	 

    	 

     

 

Confidential # Confidential Ref.No. of FTFAgent
Foreign Issuing Lender Ref.No. of Foreign Issuing Lender Currency Amount in Currency Type of Foreign Credit Instrument Borrower
Third Party

 

 

    	 

    	 

      

Schedule 1.1E

 

Existing Letters of Credit

 

	Issuing Lender	Letter of Credit No.	Amount	Beneficiary	Expiry Date	Type of Letter of Credit
	JPMorgan Chase Bank, N.A.	P-219646 JPM	$5,150,000.00	The Travelers Indemnity Company	January 2, 2020	Financial Letter of Credit
	JPMorgan Chase Bank, N.A.	P-221572 JPM	$13,391,083.00	Pacific Employers Insurance Company	January 10, 2020	Financial Letter of Credit
	JPMorgan Chase Bank, N.A.	P-225033 JPM	$200,000.00	Hartford Fire Insurance Company	April 30, 2020	Financial Letter of Credit
	JPMorgan Chase Bank, N.A.	P-228487 JPM	$775,821.00	The Continental Insurance Company	August 4, 2020	Financial Letter of Credit
	JPMorgan Chase Bank, N.A.	P-232221 JPM	$25,000.00	Amerisure Mutual Insurance Company	January 2, 2020	Financial Letter of Credit
	JPMorgan Chase Bank, N.A.	P-391004 JPM	$345,000.00	Ohio Bureau of Workers Compensation	January 2, 2020	Financial Letter of Credit
	JPMorgan Chase Bank, N.A.	P-391427 JPM	$220,000.00	The Travelers Indemnity Company	January 14, 2020	Financial Letter of Credit
	JPMorgan Chase Bank, N.A.	P-392889 JPM	$900,000.00	United States Fidelity and Guaranty	January 2, 2020	Financial Letter of Credit
	JPMorgan Chase Bank, N.A.	TPTS-340430 JPM	$227,404.67	Minnesota Pollution Control	January 2, 2020	Financial Letter of Credit
	Bank of America, N.A.	T00000068035208	$1,400,000.00	US Environmental Protection	March 23, 2020	Financial Letter of Credit
	Bank of America, N.A.	T00000068116868	$26,444.00	NJ Dept. of Environmental Protection	March 16, 2020	Financial Letter of Credit
	Bank of America, N.A.	T00000068116869	$7,730,000.00	Department of Toxic Subst.	March 31, 2020	Financial Letter of Credit
	Bank of America, N.A.	T00000068116870	$109,512.00	US Environmental Protection	April 21, 2020	Financial Letter of Credit
	Bank of America, N.A.	T00000068116871	$109,512.00 	L&RR Site Group 	April 21, 2020	Financial Letter of Credit
	Bank of America, N.A.	T00000068116873	$129,175.00	Connecticut Dept.	January 2, 2020	Financial Letter of Credit

  

    

     

      

Schedule 1.1F

 

Issuing Lender Sublimits

 

	Lender	 	Non-Financial
 Letters 
 of Credit	 	 	Applicable Percentages for Non-
 Financial Letters of Credit	 
	Bank of America, N.A.	 	$	25,000,000.00	 	 	 	50.000000000	%
	Deutsche Bank AG Deutschlandgeschäft Branch	 	$	25,000,000.00	 	 	 	50.000000000	%

 

 

    

     

     

Schedule 3.4

 

Disclosed Matters

 

None.

 

 

    

     

     

Schedule 3.12

 

Subsidiaries

 

	Subsidiary	Parent 

Borrower’s 

Direct and 

Indirect

Ownership

Interest (%)	Jurisdiction of

Organization	Subsidiary 

Guarantor
	Arrendadora Korco, S.A. de C.V.	49	Mexico	No
	Ballantyne Holdings LLC	100	California	No
	Bethpage Finance	100	Luxembourg	No
	Beyond Vision, LLC	80	Louisiana	No
	Communication Technologies Dominican Republic, S.R.L.	100*	Dominican Republic	No
	Cues Canada Inc.	100	Canada	No
	CUES, Inc.	100	Delaware	Yes
	Dbt Technologies (Pty) Ltd.	74.9	South Africa	No
	Dormant Radio Australia Pty Limited	100	Australia	No
	ELXSI Corporation	100	Delaware	Yes
	Fairbanks Morse Pump Corporation	100	Kansas	No
	Flash Technology, LLC	100	Delaware	Yes
	General Signal India Private Limited	100	India	No
	Genfare Holdings, LLC	100	Delaware	Yes
	Jurubatech Technologia Automotive Ltda.	100	Brazil	No
	Kayex Holdings LLC	100	Delaware	No
	Kent-Moore Brasil Industria e Comércio Ltda.	100	Brazil	No
	Kiawah Holding Company	100	Cayman Islands	No
	Marley Canadian ULC	100	Canada	No
	Marley Cooling Tower (Holdings) Limited	100	United Kingdom	No
	Marley Engineered Products LLC	100	Delaware	Yes
	Marley Mexicana S.A. de C.V.	100	Mexico	No
	MCT Services LLC	100	Delaware	No
	Oy Sabik Ab	100	Finland	No
	Patterson-Kelley, LLC.	100	Delaware	No
	Pinehurst Holding Company	100	Cayman Islands	No
	Pipeline Inspection Partners Corp.	100	Delaware	No
	Radiodetection (Canada) Ltd.	100	Canada	No

 

 

    

     

     

	Subsidiary	Parent 

Borrower’s 

Direct and 

Indirect

Ownership

Interest (%)	Jurisdiction of

Organization	Subsidiary 

Guarantor
	Radiodetection (China) Limited	100	Hong Kong	No
	Radiodetection Australia Pty Limited	100	Australia	No
	Radiodetection B.V.	100	Netherlands	No
	Radiodetection Limited	100	United Kingdom	No
	Radiodetection Sarl	100	France	No
	Sabik Ltd	100	United Kingdom	No
	Sabik OU	100	Estonia	No
	Sabik Private Limited	100	Singapore	No
	Schonstedt Instrument Company, LLC	100	Delaware	No
	SGS Refrigeration, Inc.	100	Maryland	No
	SPX (Guangzhou) Cooling Technologies Co., Ltd.	100	China	No
	SPX Cooling Technologies Canada, Inc.	100	Canada	No
	SPX Cooling Technologies Leipzig GmbH	100	Germany	No
	SPX Cooling Technologies Malaysia Sdn. Bhd.	100	Malaysia	No
	SPX Cooling Technologies Singapore Pte. Ltd.	100	Singapore	No
	SPX Cooling Technologies Trading DMCC	100	Dubai	No
	SPX Cooling Technologies UK Limited	100	United Kingdom	No
	SPX Cooling Technologies, Inc.	100	Delaware	Yes
	SPX Cooling Technology (Suzhou) Co. Ltd.	100	China	No
	SPX European Holding Limited	100	United Kingdom	No
	SPX Germany Holding GmbH	100	Germany	No
	SPX Heat Transfer LLC	100	Delaware	Yes
	SPX Holding Inc.	100	Connecticut	Yes
	SPX Mauritius Ltd.	100	Mauritius	No
	SPX Pension Trust Company Limited	100	United Kingdom	No
	SPX Receivables, LLC	100	Delaware	No
	SPX Sabik Europe Holdings Limited	100	United Kingdom	No
	SPX Technologies (Pty) Ltd.	100	South Africa	No
	SPX Thermal Equipment and Services India Private Limited	100	India	No
	SPX Transformer Solutions, Inc.	100	Wisconsin	Yes

 

 

    

     

     

	Subsidiary	Parent 

Borrower’s 

Direct and 

Indirect

Ownership

Interest (%)	Jurisdiction of

Organization	Subsidiary 

Guarantor
	TCI International, Inc.	100	Delaware	Yes
	The Marley Company LLC	100	Delaware	Yes
	The Marley-Wylain Company	100	Delaware	Yes
	Vokes Limited	100	United Kingdom	No
	XCel Erectors, Inc.	100	Delaware	No

 

* A de minimis amount of the outstanding shares of
this company are held by a third party.

 

 

    

     

     

Schedule 3.16

 

UCC Filing Jurisdictions

 

	Company Name	Jurisdiction of Organization
	1.            CUES, Inc.	Delaware
	2.            ELXCI Corporation	Delaware
	3.            Flash Technology, LLC	Delaware
	4.            Genfare Holdings, LLC	Delaware
	5.             Marley Engineered Products LLC	Delaware
	6.             SPX Cooling Technologies, Inc.	Delaware
	7.             SPX Corporation	Delaware
	8.            SPX Heat Transfer LLC	Delaware
	9.            SPX Holding Inc.	Connecticut
	10.          SPX Transformer Solutions, Inc.	Wisconsin
	11.          TCI International, Inc.	Delaware
	12.          The Marley Company LLC	Delaware
	13.          The Marley-Wylain Company	DelawareExhibit

EXECUTION VERSION

$800,000,000
SECOND AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT
dated as of December 13, 2019
by and among
KAMAN CORPORATION,
as the Company and a Borrower,
RWG GERMANY GmbH,
KAMAN LUX HOLDING, S.à r.l.
and 
certain subsidiaries of the Company from time to time party hereto,
as Subsidiary Borrowers,
Certain subsidiaries of the Company from time to time party hereto,
as Guarantor Subsidiaries,
The Lenders from time to time party hereto,
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and Collateral Agent,
BANK OF AMERICA, N.A.
and
CITIZENS BANK, N.A.,
as Syndication Agents,
and
FIFTH THIRD BANK, NATIONAL ASSOCIATION,
KEYBANK NATIONAL ASSOCIATION,
TRUIST BANK
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Documentation Agents
_____________________________________________
JPMORGAN CHASE BANK, N.A.,
BOFA SECURITIES, INC.
and
CITIZENS BANK, N.A.,
as Joint Lead Arrangers and Joint Bookrunners,

TABLE OF CONTENTS
    
	
						
	 
	 
	 
	Page
	

	SECTION 1.
	

	 
	DEFINITIONS AND INTERPRETATION
	2
	

	1.1
	

	 
	Definitions
	2
	

	1.2
	

	 
	Accounting Terms
	61
	

	1.3
	

	 
	Interpretation, etc
	62
	

	1.4
	

	 
	Certifications
	62
	

	1.5
	

	 
	Limited Condition Acquisitions
	62
	

	1.6
	

	 
	Currency Conversion and Fluctuations
	63
	

	1.7
	

	 
	Divisions
	64
	

	1.8
	

	 
	Interest Rates; LIBOR Notifications
	64
	

	1.9
	

	 
	German Terms
	65
	

	1.1
	

	 
	Luxembourg Terms
	65
	

	SECTION 2.
	

	 
	LOANS AND LETTERS OF CREDIT
	66
	

	2.1
	

	 
	[Reserved]
	66
	

	2.2
	

	 
	Revolving Loans
	66
	

	2.3
	

	 
	Swing Line Loans
	67
	

	2.4
	

	 
	Letters of Credit
	70
	

	2.5
	

	 
	Pro Rata Shares; Availability of Funds
	76
	

	2.6
	

	 
	Use of Proceeds
	76
	

	2.7
	

	 
	Evidence of Debt; Register; Disqualified Lender List; Notes
	77
	

	2.8
	

	 
	Interest on Loans
	77
	

	2.9
	

	 
	Conversion/Continuation
	79
	

	2.10
	

	 
	Default Interest
	80
	

	2.11
	

	 
	Fees
	81
	

	2.12
	

	 
	[Reserved]
	82
	

	2.13
	

	 
	Voluntary Prepayments/Commitment Reductions
	82
	

	2.14
	

	 
	Mandatory Prepayments
	83
	

	2.15
	

	 
	Application of Prepayments/Reductions
	83
	

	2.16
	

	 
	General Provisions Regarding Payments
	84
	

	2.17
	

	 
	Ratable Sharing
	85
	

	2.18
	

	 
	Making or Maintaining Eurocurrency Rate Loans
	86
	

	2.19
	

	 
	Increased Costs; Capital Adequacy
	89
	

	2.20
	

	 
	Taxes; Withholding, etc.
	90
	

	2.21
	

	 
	Obligation to Mitigate
	94
	

	2.22
	

	 
	Defaulting Lenders
	95
	

	2.23
	

	 
	Removal or Replacement of a Lender
	97
	

	2.24
	

	 
	Incremental Facilities
	98
	

	2.25
	

	 
	Designation of Subsidiary Borrowers
	100
	

	SECTION 3.
	

	 
	CONDITIONS PRECEDENT.
	100
	

	3.1
	

	 
	Closing Date
	100
	

	3.2
	

	 
	Conditions to Certain Credit Extensions After the Closing Date
	103
	

	3.3
	

	 
	Designation of a Subsidiary Borrower
	104
	

i

	
						
	SECTION 4.
	

	 
	REPRESENTATIONS AND WARRANTIES
	105
	

	4.1
	

	 
	Organization; Requisite Power and Authority; Qualification
	105
	

	4.2
	

	 
	Due Authorization
	105
	

	4.3
	

	 
	No Conflict; Government Consents
	106
	

	4.4
	

	 
	Binding Obligation
	106
	

	4.5
	

	 
	Historical Financial Statements
	106
	

	4.6
	

	 
	Projections
	106
	

	4.7
	

	 
	No Material Adverse Effect
	106
	

	4.8
	

	 
	Adverse Proceedings
	107
	

	4.9
	

	 
	Payment of Taxes
	107
	

	4.10
	

	 
	Ownership of Material Property
	107
	

	4.11
	

	 
	Environmental Matters
	107
	

	4.12
	

	 
	Investment Company Regulation
	108
	

	4.13
	

	 
	Margin Stock
	108
	

	4.14
	

	 
	EEA Financial Institutions
	108
	

	4.15
	

	 
	ERISA Compliance
	108
	

	4.16
	

	 
	Solvency
	109
	

	4.17
	

	 
	Compliance with Laws
	109
	

	4.18
	

	 
	Disclosure
	109
	

	4.19
	

	 
	Perfection of Security Interests in the Collateral
	110
	

	4.20
	

	 
	Use of Proceeds
	110
	

	4.21
	

	 
	Representation as to Foreign Subsidiaries
	110
	

	SECTION 5.
	

	 
	AFFIRMATIVE COVENANTS
	111
	

	5.1
	

	 
	Financial Statements; Notices and Other Reports
	111
	

	5.2
	

	 
	Existence
	115
	

	5.3
	

	 
	Payment of Taxes and Indebtedness
	116
	

	5.4
	

	 
	Maintenance of Properties
	116
	

	5.5
	

	 
	Insurance
	116
	

	5.6
	

	 
	Books and Records; Inspections
	116
	

	5.7
	

	 
	Compliance with Laws
	117
	

	5.8
	

	 
	Sanctions and Anti-Corruption Laws
	117
	

	5.9
	

	 
	Environmental
	117
	

	5.10
	

	 
	Additional Subsidiaries
	118
	

	5.11
	

	 
	Additional Collateral
	119
	

	5.12
	

	 
	Further Assurances
	119
	

	5.13
	

	 
	Designation of Subsidiaries and Unrestricted Subsidiaries
	120
	

	5.14
	

	 
	Use of Proceeds
	120
	

	5.15
	

	 
	Permitted Supplier Financing Arrangements
	120
	

	5.16
	

	 
	Post-Closing Matters
	 

	SECTION 6.
	

	 
	NEGATIVE COVENANTS
	120
	

	6.1
	

	 
	Indebtedness
	120
	

	6.2
	

	 
	Liens
	125
	

	6.3
	

	 
	No Further Negative Pledges
	129
	

	6.4
	

	 
	Restricted Debt Payments
	130
	

	6.5
	

	 
	Restrictions on Subsidiary Distributions
	132
	

ii

	
						
	6.6
	

	 
	Investments
	133
	

	6.7
	

	 
	Financial Covenants
	136
	

	6.8
	

	 
	Fundamental Changes; Disposition of Assets
	137
	

	6.9
	

	 
	Transactions with Affiliates
	138
	

	6.10
	

	 
	Conduct of Business
	139
	

	6.11
	

	 
	Certain Amendments or Waivers
	130
	

	6.12
	

	 
	Fiscal Year
	130
	

	SECTION 7.
	

	 
	GUARANTY
	140
	

	7.1
	

	 
	Guaranty of the Obligations
	140
	

	7.2
	

	 
	Contribution by Guarantors
	140
	

	7.3
	

	 
	Liability of Guarantors Absolute
	141
	

	7.4
	

	 
	Waivers by Guarantors
	142
	

	7.5
	

	 
	Guarantors' Rights of Subrogation, Contribution, etc
	143
	

	7.6
	

	 
	Subordination of Other Obligations
	143
	

	7.7
	

	 
	Continuing Guaranty
	144
	

	7.8
	

	 
	Authority of Guarantors or the Company
	144
	

	7.9
	

	 
	Financial Condition of the Company
	144
	

	7.10
	

	 
	Bankruptcy, etc
	144
	

	7.11
	

	 
	Discharge of Guaranty upon Sale of Guarantor
	145
	

	7.12
	

	 
	General Limitation on Guarantee Obligations
	145
	

	7.13
	

	 
	Keepwell
	145
	

	SECTION 8.
	

	 
	EVENTS OF DEFAULT
	146
	

	8.1
	

	 
	Events of Default
	146
	

	8.2
	

	 
	Remedies upon an Event of Default
	148
	

	8.3
	

	 
	Application of Proceeds
	149
	

	SECTION 9.
	

	 
	AGENTS
	150
	

	9.1
	

	 
	Appointment and Duties
	150
	

	9.2
	

	 
	Binding Effect
	152
	

	9.3
	

	 
	Use of Discretion
	152
	

	9.4
	

	 
	Delegation of Rights and Duties
	153
	

	9.5
	

	 
	Reliance and Liability
	153
	

	9.6
	

	 
	Agent Individually
	154
	

	9.7
	

	 
	Lender Credit Decision
	155
	

	9.8
	

	 
	Expenses; Indemnities; Withholding
	156
	

	9.9
	

	 
	Resignation of Administrative Agent, Collateral Agent or Issuing Bank
	157
	

	9.10
	

	 
	Release of Collateral or Guarantors
	158
	

	9.11
	

	 
	Certain ERISA Matters
	160
	

	9.12
	

	 
	Joint Lead Arrangers and Joint Bookrunners
	161
	

	9.13
	

	 
	Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim
	161
	

	9.14
	

	 
	Matters of Foreign Law
	162
	

	SECTION 10.
	

	 
	MISCELLANEOUS
	163
	

	10.1
	

	 
	Notices
	163
	

	10.2
	

	 
	Expenses
	165
	

	10.3
	

	 
	Indemnity; Certain Waivers
	166
	

iii

	
						
	10.4
	

	 
	Set-Off
	167
	

	10.5
	

	 
	Amendments and Waivers
	167
	

	10.6
	

	 
	Successors and Assigns; Participations
	173
	

	10.7
	

	 
	Independence of Covenants; Interpretation
	178
	

	10.8
	

	 
	Survival of Representations, Warranties and Agreements
	178
	

	10.9
	

	 
	No Waivers; Remedies Cumulative
	178
	

	10.10
	

	 
	Marshalling; Payments Set Aside
	178
	

	10.11
	

	 
	Severability
	179
	

	10.12
	

	 
	Obligations Several; Independent Nature of the Lenders' Rights
	179
	

	10.13
	

	 
	Headings
	179
	

	10.14
	

	 
	Applicable Law
	179
	

	10.15
	

	 
	Consent to Jurisdiction
	179
	

	10.16
	

	 
	WAIVER OF JURY TRIAL
	180
	

	10.17
	

	 
	Confidentiality; Tombstones; Etc
	180
	

	10.18
	

	 
	Usury Savings Clause
	182
	

	10.19
	

	 
	Counterparts
	182
	

	10.20
	

	 
	No Strict Construction
	182
	

	10.21
	

	 
	Effectiveness; Entire Agreement
	182
	

	10.22
	

	 
	No Fiduciary Duty
	182
	

	10.23
	

	 
	No Third Parties Benefit
	183
	

	10.24
	

	 
	PATRIOT Act
	183
	

	10.25
	

	 
	Acknowledgement and Consent to Bail-In of EEA Financial Institutions
	183
	

	10.26
	

	 
	Acknowledgement Regarding any Supported OFCs
	184
	

	10.27
	

	 
	Judgment Currency
	185
	

	10.28
	

	 
	Amendment and Restatement
	185
	

iv

	
			
	Appendices
	 
	 

	 
	 
	 

	Appendix A
	 
	Revolving Credit Commitments

	Appendix B
	 
	Notices Addresses

	 
	 
	 

	Schedules
	 
	 

	 
	 
	 

	Schedule 1.1(a)
	 
	Existing Letters of Credit

	Schedule 1.1(b)
	 
	Existing Permitted Supplier Financing Arrangements

	Schedule 4.10(b)
	 
	Capital Stock and Ownership

	Schedule 5.16
	 
	Post-Closing Matters

	Schedule 6.1
	 
	Indebtedness

	Schedule 6.2
	 
	Liens

	Schedule 6.3
	 
	No Further Negative Pledges

	Schedule 6.6
	 
	Investments

	Schedule 6.9
	 
	Affiliate Transactions

	 
	 
	 

	Exhibits
	 
	 

	 
	 
	 

	Exhibit A-1
	 
	Forms of Funding Notice

	Exhibit A-2
	 
	Form of Conversion/Continuation Notice

	Exhibit A-3
	 
	Form of Issuance Notice

	Exhibit B-1
	 
	Form of Revolving Loan Note

	Exhibit B-2
	 
	Form of Swing Line Note

	Exhibit C
	 
	Form of Compliance Certificate

	Exhibit D
	 
	Form of Solvency Certificate

	Exhibit E
	 
	Form of Assignment and Assumption

	Exhibit F
	 
	Form of U.S. Tax Compliance Certificates

	Exhibit G
	 
	Form of Closing Date Certificate

	Exhibit H
	 
	Form of Counterpart Agreement

	Exhibit I-1
	 
	Form of Amended and Restated Security Agreement

	Exhibit I-2
	 
	Form of Amended and Restated Securities Security Agreement

	Exhibit J
	 
	Form of Perfection Certificate

	Exhibit K-1
	 
	Form of Subsidiary Borrower Agreement

	Exhibit K-2
	 
	Form of Subsidiary Borrower Termination

	Exhibit L
	 
	Form of Permitted Supplier Financing Arrangement Documentation

v

SECOND AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT
This SECOND AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT, dated as of December 13, 2019 (the “Agreement”), is entered into by and among KAMAN CORPORATION, a Connecticut corporation (the “Company”), RWG GERMANY GmbH, a company organized under the laws of Germany (“RWG Germany”), KAMAN LUX HOLDINGS S.à r.l., a private limited liability company (société à responsabilité limitée) organized under the laws of the Grand Duchy of Luxembourg, having its registered office at 5, rue de Bonnevoie, L-1260 Luxembourg and registered with the Luxembourg register under number B200.366 (“Kaman Lux”), the other Subsidiary Borrowers from time to time party hereto, the Guarantor Subsidiaries from time to time party hereto, the Lenders from time to time party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent (together with its permitted successors in such capacity, the “Administrative Agent”) and as collateral agent (together with its permitted successors in such capacity, the “Collateral Agent”).
RECITALS:
WHEREAS, capitalized terms used in these recitals will have the respective meanings set forth for such terms in Section 1.1;
WHEREAS, the Company, RWG Germany, Kaman Lux, certain other Subsidiary Borrowers, the Administrative Agent, the Collateral Agent and certain Lenders are party to that certain Credit Agreement, originally dated as of November 20, 2012 (the “Original Credit Agreement”), as amended and restated as of May 6, 2015 and as further amended by that certain Amendment No. 1, dated as of May 8, 2017, that certain Amendment No. 2, dated as of December 15, 2017, that certain Amendment No. 3, dated as of February 16, 2018 and that certain Amendment No. 4, dated as of July 24, 2019 (and as may be further amended, restated, amended and restated, modified and/or supplemented from time to time prior to the date hereof, the “Existing Credit Agreement”);
WHEREAS, on the Closing Date immediately prior to the effectiveness of this Agreement, (i) no Revolving Loans (as defined in the Existing Credit Agreement) are outstanding under the Existing Credit Agreement, (ii) Letters of Credit (as defined in the Existing Credit Agreement) issued and outstanding under and in accordance with the Existing Credit Agreement (the “Existing Letters of Credit”) will be rolled-over and deemed issued and outstanding hereunder, and (iii) no term loans are outstanding under the Existing Credit Agreement;
WHEREAS, the Lenders have agreed to extend certain first lien credit facilities to the Company and the Subsidiary Borrowers consisting of $800,000,000 in aggregate principal amount of Revolving Credit Commitments;
WHEREAS, on the Closing Date the Existing Letters of Credit will remain outstanding and will be deemed to be issued and outstanding under this Agreement;
WHEREAS, Kaman Composites - UK Holdings Limited, a company organized under the laws of England and Wales and a wholly-owned Subsidiary of the Company (“Kaman UK”), was a “Subsidiary Borrower” under the Existing Credit Agreement but, upon the effectiveness of this Agreement, will be irrevocably released as such a “Subsidiary Borrower” and shall not constitute a Subsidiary Borrower hereunder and the mortgage over the Capital Stock of Kaman UK pursuant to that certain English law Equitable Share Mortgage, dated as of 5 February 2013 (the “Kaman UK Share Mortgage”), by and between Kaman Aerospace Group, Inc., as mortgagor, and JPMorgan Chase Bank, N.A., as administrative agent under the Existing Credit Agreement, will be irrevocably released and

 1

terminated in connection therewith (without prejudice to any pledge of any Capital Stock in Kaman UK by Kaman Aerospace Group, Inc. pursuant to the Amended and Restated Securities Pledge Agreement);
WHEREAS, each of the Company and the Subsidiary Borrowers has agreed to secure all of its Obligations by granting to the Collateral Agent, for the benefit of the Secured Parties, a Lien on substantially all of its assets subject to certain exceptions set forth herein and in the Amended and Restated Security Agreement and the Amended and Restated Securities Pledge Agreement; and
WHEREAS, the Guarantors have agreed to guarantee the obligations of the Company and the Subsidiary Borrowers hereunder and to secure their respective Obligations by granting to the Collateral Agent, for the benefit of the Secured Parties, a Lien on substantially all of their respective assets subject to certain exceptions as set forth herein and in the Amended and Restated Security Agreement and the Amended and Restated Securities Pledge Agreement.
NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:
SECTION 1.DEFINITIONS AND INTERPRETATION

1.1Definitions. The following terms used herein, including in the preamble, recitals, exhibits and schedules hereto, will have the following meanings:

“Additional Lender” means, at any time, any bank, other financial institution or institutional investor that, in any case, is not an existing Lender and that agrees to provide any portion of any Incremental Loan in accordance with Section 2.24; provided that each Additional Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) will be subject to the approval of the Administrative Agent, each Issuing Bank and/or the Swing Line Lender (such approval not to be unreasonably withheld, conditioned or delayed), in each case to the extent any such consent would be required from the Administrative Agent, each Issuing Bank and/or the Swing Line Lender under Section 10.6(c), respectively, for an assignment of Loans to such Additional Lender.

“Additional Letter of Credit Currencies” means any currency (other than Dollars and Alternative Currencies) in which Letters of Credit may be issued hereunder as agreed by the Administrative Agent, the Company and each applicable Issuing Bank (which, for avoidance of doubt, may be a subset of the Issuing Banks).

“Adjusted Covenant Period” as defined in Section 6.7(a).

“Administrative Agent” as defined in the preamble hereto.

“Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of the Company or any Subsidiary) at law or in equity, or before or by any Governmental Authority, domestic or foreign (including any Environmental Claims), whether pending or, to the knowledge of any Responsible Officer of the Company, threatened against or affecting the Company or any Subsidiary or any property of the Company or any Subsidiary.

“Affected Lender” as defined in Section 2.18(b).

“Affected Loans” as defined in Section 2.18(b).

 2

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with, that Person.  For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise.  For the avoidance of doubt, none of the Agents or their respective lender affiliates shall be deemed to be an Affiliate of the Company, any Subsidiary or any Unrestricted Subsidiary.

“Agency Fee Letter” means that certain Agency Fee Letter, dated October 22, 2012, by and between the Company and JPMorgan (provided that the only fees pursuant thereto that are applicable as of and after the Closing Date are those set forth in clause (ii) of the second paragraph thereof).

“Agents” means, collectively, the Administrative Agent, the Collateral Agent, each Syndication Agent, each Documentation Agent, each Joint Bookrunner and each Joint Lead Arranger.

“Aggregate Amounts Due” as defined in Section 2.17.

“Aggregate Payments” as defined in Section 7.2.

“Agreement” as defined in the preamble hereto.

“All or Substantially All” means, with respect to any sale, lease, exchange or other disposition of assets in any transaction or series of related transactions (each, a “Specified Transaction”), such Specified Transaction that would leave the Company and its Subsidiaries, when taken as a whole, without a significant continuing business activity.  For the purposes of this Agreement, the Company and its Subsidiaries, when taken as a whole, shall be deemed to have retained a significant continuing business activity after giving effect to a Specified Transaction if, following such Specified Transaction, the Company and its Subsidiaries, when taken as a whole, either (a) retain assets having a book value of at least 25% of Consolidated Total Assets of the Company and its Subsidiaries or (b) retain assets and operations that generate at least the greater of (i) at least 25% of the Consolidated Adjusted EBITDA of the Company and its Subsidiaries and (ii) at least 25% of the annual consolidated revenues of the Company and its Subsidiaries, in the case of each of subclause (a) and (b), as reflected in the most recent financial statements delivered pursuant to Section 5.1(a) prior to the date of such Specified Transaction (or, at any time prior to the first date after the Closing Date that financial statements have been delivered or are required to be delivered pursuant to Section 5.1(a), as reflected in the Historical Audited Financial Statements for the Fiscal Year ended December 31, 2018).

“Alternative Currencies” means (a) euro, (b) Pounds Sterling, (c) Japanese Yen, (d) Swiss Francs, (e) such other currencies from time to time agreed by the Company, the Administrative Agent, each of the Revolving Lenders, the Swing Line Lender and the Issuing Banks; provided that, in the case of this clause (e), (i) such currency is readily available and convertible into Dollars in the international interbank market and as to which a Dollar Equivalent is readily calculable and (ii) a LIBO Screen Rate is available for such currency in the Administrative Agent’s reasonable discretion and (f) solely with respect to Letters of Credit, Additional Letter of Credit Currencies.  With respect to any Alternative Currency, if (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Company, and such currency shall no longer be available as an Alternative Currency for additional borrowings or extensions 

 3

of credit until such time as the Administrative Agent agrees to reinstate such currency as an Alternative Currency.

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

“Alternative Currency Letter of Credit” means a Letter of Credit denominated in an Alternative Currency.

“Alternative Currency Sub-limit” means $400,000,000; provided that such sublimit may be increased in connection with any Incremental Facility as agreed by the Administrative Agent and the Company (such increase not to exceed the aggregate amount of commitments in respect of each such Incremental Facility).

“Alternative Interest Rate Election Event” as defined in Section 2.18(c).

“Amended and Restated Securities Pledge Agreement” means the Securities Pledge Agreement, originally dated as of November 20, 2012, by and among the Company and certain of its Domestic Subsidiaries from time to time party thereto, as pledgors, and JPMorgan, as administrative agent, as the same is amended and restated as of the date hereof in the form of Exhibit I-2.

“Amended and Restated Security Agreement” means the Security Agreement, originally dated as of November 20, 2012, by and among the Company and certain of its Domestic Subsidiaries from time to time party thereto, as grantors, and JPMorgan, as administrative agent, as the same is amended and restated as of the date hereof in the form of Exhibit I-1.
“Anti-Corruption Laws” means Laws relating to anti-bribery or anti-corruption (governmental or commercial) which apply to the Credit Parties, their Subsidiaries or their Unrestricted Subsidiaries, including Laws that prohibit the corrupt payment, offer, promise, or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to any Government Official, any foreign government employee or commercial entity in order to obtain an improper business advantage; including the FCPA, the United Kingdom Bribery Act of 2010, and all national and international Laws enacted to implement the OECD Convention on Combating Bribery of Foreign Officials in International Business Transactions to the extent they apply to the applicable Credit Party.

“Applicable Commitment Fee Rate” means, for any day, initially a percentage per annum equal to 0.175%; provided that from and after the third Business Day after the date on which the Administrative Agent shall have received the applicable financial statements and a Compliance Certificate pursuant to Section 5.1(e) calculating the Senior Secured Net Leverage Ratio in respect of the Q2-2020 Test Period, the “Applicable Commitment Fee Rate” for the Revolving Credit Commitments shall be the applicable percentage per annum set forth below under the caption “Commitment Fee Rate” based upon the Senior Secured Net Leverage Ratio as of the last day of the most recent Test Period as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 5.1(e):

 4

	
			
	Level
	Senior Secured Net Leverage Ratio
	Commitment Fee Rate

	I
	≤ 0.50 to 1.00
	0.150%

	II
	> 0.50 to 1.00 but
≤ 1.50 to 1.00
	0.175%

	III
	> 1.50 to 1.00 but
≤ 2.50 to 1.00
	0.200%

	IV
	> 2.50 to 1.00 but
≤ 3.50 to 1.00
	0.225%

	V
	> 3.50 to 1.00
	0.250%

No change in the Applicable Commitment Fee Rate shall be effective until three (3) Business Days after the date on which the Administrative Agent shall have received the applicable financial statements and a Compliance Certificate pursuant to Section 5.1(e) calculating the Senior Secured Net Leverage Ratio (it being understood and agreed that each change in Level shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next succeeding change).  If at any time the Company has failed to deliver to the Administrative Agent the applicable information as and when required under Section 5.1(e), the Applicable Commitment Fee Rate shall be deemed to be set at Level V commencing on the date that is three (3) Business Days after the required date of delivery of such information and ending on the date that is three (3) Business Days after actual delivery of such information, after which the applicable Level shall be determined in accordance with the table above and the applicable Compliance Certificate.  Within one (1) Business Day of receipt of the applicable information under Section 5.1(e), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Commitment Fee Rate in effect from such date.  In the event that any financial statement or certificate delivered pursuant to Section 5.1 is determined to be inaccurate (at a time prior to the satisfaction of the Termination Conditions), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Commitment Fee Rate for any period (a “Commitment Fee Rate Applicable Period”) than the Applicable Commitment Fee Rate applied for such Commitment Fee Rate Applicable Period, then (x) the Borrower shall promptly (and in any event within five (5) Business Days) following such determination deliver to the Administrative Agent correct financial statements and certificates required by Section 5.1 for such Commitment Fee Rate Applicable Period, (y) the Applicable Commitment Fee Rate for such Commitment Fee Rate Applicable Period shall be determined as if the Senior Secured Net Leverage Ratio were determined based on the amounts set forth in such corrected financial statements and certificates and (z) the Borrower shall promptly (and in any event within ten (10) Business Days) following delivery of such corrected financial statements and certificates pay to the Administrative Agent for the benefit of the applicable Lenders the accrued additional interest owing as a result of such increased Applicable Commitment Fee Rate for such Commitment Fee Rate Applicable Period.  Nothing in this paragraph shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article IX.  Notwithstanding anything to the contrary set forth herein, the provisions of this paragraph (which for the avoidance of doubt, shall not include the grid immediately above) may be amended or waived with the consent of only the Borrower and the Required Lenders.
“Applicable Margin” means, for any day, with respect to any Eurocurrency Rate Loan or any Base Rate Loan, initially a percentage per annum equal to (i) for Eurocurrency Rate Loans, 1.250% and 

 5

(ii) for Base Rate Loans, 0.250%; provided that from and after the third Business Day after the date on which the Administrative Agent shall have received the applicable financial statements and a Compliance Certificate pursuant to Section 5.1(e) calculating the Senior Secured Net Leverage Ratio in respect of the Q2-2020 Test Period, the “Applicable Margin” for the Revolving Loans shall be the applicable percentage per annum set forth below under the caption “Eurocurrency Rate Margin” or “Base Rate Margin”, respectively, based upon the Senior Secured Net Leverage Ratio as of the last day of the most recent Test Period as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 5.1(e):
	
				
	Level
	Senior Secured Net Leverage Ratio
	Eurocurrency Rate Margin
	Base Rate Margin

	I
	≤ 0.50 to 1.00
	1.125%
	0.125%

	II
	> 0.50 to 1.00 but
≤ 1.50 to 1.00
	1.250%
	0.250%

	III
	> 1.50 to 1.00 but
≤ 2.50 to 1.00
	1.375%
	0.375%

	IV
	> 2.50 to 1.00 but
≤ 3.50 to 1.00
	1.500%
	0.500%

	V
	> 3.50 to 1.00
	1.625%
	0.625%

No change in the Applicable Margin for Revolving Loans shall be effective until three (3) Business Days after the date on which the Administrative Agent shall have received the applicable financial statements and a Compliance Certificate pursuant to Section 5.1(e) calculating the Senior Secured Net Leverage Ratio (it being understood and agreed that each change in Level shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next succeeding change).  If at any time the Company has failed to deliver to the Administrative Agent the applicable information as and when required under Section 5.1(e), the Applicable Margin for Revolving Loans shall be deemed to be set at Level V commencing on the date that is three (3) Business Days after the required date of delivery of such information and ending on the date that is three (3) Business Days after actual delivery of such information, after which the applicable Level shall be determined in accordance with the table above and the applicable Compliance Certificate.  Within one (1) Business Day of receipt of the applicable information under Section 5.1(e), the Administrative Agent shall give each Lender holding Revolving Loans, as applicable, telefacsimile or telephonic notice (confirmed in writing) of the Applicable Margin for Revolving Loans in effect from such date.  In the event that any financial statement or certificate delivered pursuant to Section 5.1 is determined to be inaccurate (at a time prior to the satisfaction of the Termination Conditions), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for Revolving Loans for any period (a “Margin Applicable Period”) than the Applicable Margin for Revolving Loans applied for such Margin Applicable Period, then (x) the Borrower shall promptly (and in any event within five (5) Business Days) following such determination deliver to the Administrative Agent correct financial statements and certificates required by Section 5.1 for such Margin Applicable Period, (y) the Applicable Margin for Revolving Loans for such Margin Applicable Period shall be determined as if the Senior Secured Net Leverage Ratio were determined based on the amounts set forth in such corrected financial statements and certificates and (z) the Borrower shall promptly (and in any event within ten (10) Business Days) following delivery of such corrected financial statements and certificates pay to the 

 6

Administrative Agent for the benefit of the applicable Lenders the accrued additional interest owing as a result of such increased Applicable Margin for Revolving Loans for such Margin Applicable Period.  Nothing in this paragraph shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article IX.  Notwithstanding anything to the contrary set forth herein, the provisions of this paragraph (which for the avoidance of doubt, shall not include the grid immediately above) may be amended or waived with the consent of only the Borrower and the Required Lenders.
“Application” means an application, in such form as the applicable Issuing Bank may specify from time to time, requesting such Issuing Bank to open a Letter of Credit.

“Approved Electronic Communications” means any notice, demand, communication, information, document or other material that any Credit Party provides to the Administrative Agent pursuant to any Credit Document or the transactions contemplated therein which is distributed to the Administrative Agent or to the Lenders by means of electronic communications pursuant to Section 10.1(d).

“Approved Fund” means any investment company, fund, securitization vehicle, trust or conduit that is engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary course of its business that is (a) an Affiliate of any Lender, (b) administered or managed by a Lender or an Affiliate of a Lender or (c) an entity or Affiliate of an entity that administers or manages a Lender.

“Asset Sale” means a sale, lease or sub-lease (as lessor or sublessor), sale and lease-back, assignment, conveyance, exclusive license (as licensor or sublicensor), transfer or other disposition to, or any exchange of property with (each, a “disposition”), any Person in one transaction or a series of related transactions, of all or any part of the Company’s or any Subsidiary’s assets or properties of any kind, whether real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired, leased or licensed, including the Capital Stock of any Subsidiary, other than:

(a)dispositions of inventory, goods or other assets in the ordinary course of business;

(b)dispositions of used, worn-out, obsolete, used or surplus property and property no longer used or useful in the Business;

(c)dispositions of assets that are made subject to a Capital Lease or Purchase Money Indebtedness within 365 days after the acquisition, construction, lease or improvement of the asset financed;

(d)dispositions of property that constitutes a Casualty Event;

(e)dispositions of cash or Cash Equivalents (or Investments that were cash or Cash Equivalents when made);

(f)dispositions of equipment, Real Estate Assets or any fixtures affixed to any improvements on any Real Estate Asset to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the net cash proceeds of such disposition are applied within 365 days of the receipt thereof to the purchase price of replacement property;

(g)dispositions or discounts by the Company or any Subsidiary of accounts, receivables or notes receivable arising in the ordinary course of business or in connection with the collection or 

 7

compromise thereof, including supplier financing arrangements without recourse to the Company or any Subsidiary that accelerate collection of receivables from clients or customers;

(h)(i) licenses or sub-licenses of Intellectual Property in the ordinary course of business and (ii) the abandonment or other disposition of Intellectual Property that is in the reasonable good faith judgment of the Company, no longer economically practicable to maintain or useful in the conduct of the business of the Credit Parties taken as a whole;

(i)leases, subleases, licenses or sub-licenses of real property or personal property (other than Intellectual Property) in the ordinary course of business;

(j)dispositions of any business, asset or property between or among the Company and the Subsidiaries; provided that any such disposition outside the ordinary course of business (A) by any Subsidiary that is not a Guarantor Subsidiary to the Company or to another Guarantor Subsidiary or (B) by the Company or any Guarantor Subsidiary to a Subsidiary that is not a Guarantor Subsidiary is on terms that are, taken as a whole, at least as favorable to the Company or such Guarantor Subsidiary, as the case may be, as the terms of an arm’s length disposition of such business, asset or property, taken as a whole, between unaffiliated Persons (as determined by the Company in good faith);

(k)dispositions of other assets for aggregate consideration not to exceed (i) $5,000,000 in the case of any single transaction or series of related transactions or (ii) $10,000,000 in the aggregate during any Fiscal Year;

(l)dispositions of non-core assets acquired in a Permitted Investment disposed of within eighteen (18) months following the consummation of such Permitted Investment and in the aggregate amount not to exceed 25% of the cash purchase consideration paid in respect of such Permitted Investment;

(m)dispositions of real property and related assets in connection with relocation of officers or employees of the Company or any Subsidiary;

(n)unwinding of Rate Contracts;

(o)issuance or sale of Capital Stock of an Unrestricted Subsidiary, sale of Indebtedness of an Unrestricted Subsidiary owing to any Credit Party or any of their Subsidiaries, or sale of other securities of an Unrestricted Subsidiary;

(p)Sale Leaseback Transactions with respect to real property located in any foreign jurisdiction;

(q)Conversions of intercompany Indebtedness held by the Company or any Subsidiary into Capital Stock in any Subsidiary permitted pursuant to Section 6.4; and

(r)to the extent constituting dispositions, Liens permitted by Section 6.2, Restricted Debt Payments permitted by Section 6.4 and Investments permitted by Section 6.6.

“Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form of Exhibit E, with such amendments or modifications as may be approved by the Administrative Agent.

“Assignment Effective Date” as defined in Section 10.6(b).

 8

“Authorized Officer” means, as applied to any Person, any individual holding the position of chairman of the board (if an officer), chief executive officer, chief operating officer, chief financial officer, president, vice president, treasurer and any other officer having substantially the same authority and responsibility as any of the foregoing.

“Available Amount” means, as at any date of determination, an amount equal to:

(a)the sum (and, in the case of clauses (ii) through (ix) below, received or retained, as applicable, after the Closing Date and prior to such date of determination), without duplication, of:

(i)$37,500,000;

(ii)50% of cumulative Consolidated Net Income for the period commencing January 1, 2019 through the most recent balance sheet date reflected in the financial statements most recently delivered by the Company to the Administrative Agent pursuant to Section 5.1(a) or 5.1(b), as applicable; provided that when measuring such amount (A) Consolidated Net Income will be deemed not to be less than zero in any Fiscal Year or Fiscal Quarter and (B) Consolidated Net Income for any Fiscal Quarter or any Fiscal Year will be deemed to be zero until the financial statements required to be delivered pursuant to Section 5.1(a) for such Fiscal Year or Section 5.1(b) for such Fiscal Quarter, and the related Compliance Certificate required to be delivered pursuant to Section 5.1(e) for such Fiscal Year or Fiscal Quarter, have been received by the Administrative Agent;

(iii)the aggregate amount of capital contributions to the capital of the Company made in cash or Cash Equivalents (other than with respect to Disqualified Capital Stock or to the extent such proceeds have been previously utilized in accordance with the terms of this Agreement);

(iv)the net cash proceeds received by the Company after the Closing Date (and prior to such date of determination) from issuances or sales of its Capital Stock (that is not Disqualified Capital Stock), other than with respect to the extent such proceeds have been previously utilized in accordance with the terms of this Agreement;

(v)[reserved];

(vi)(x) the aggregate amount of all cash dividends and other cash distributions received by the Company or any Subsidiary from any Joint Ventures or Unrestricted Subsidiaries during the period from and including the Business Day immediately following the Closing Date through and including the date of determination in respect of Investments in such Unrestricted Subsidiary or Joint Venture made by the Company or any Subsidiary made in reliance on the Available Amount and (y) the net cash proceeds received by the Company or any Subsidiary in connection with the sale, transfer or other disposition of its ownership interest in any Joint Ventures or Unrestricted Subsidiaries, or in connection with any dividends or other distributions by any Joint Venture or Unrestricted Subsidiary, during the period from and including the Business Day immediately following the Closing Date through and including the date of determination in respect of Investments in such Unrestricted Subsidiary or Joint Venture, in each case, to the extent that the original Investments in such Unrestricted Subsidiary or Joint Venture were made in reliance on the Available Amount (except to the extent such proceeds have been previously utilized to increase the amount of aggregate consideration permitted to make Permitted Acquisitions of Persons that do not become Guarantor Subsidiaries (or to purchase assets that are acquired directly by Non-Credit Parties));

 9

(vii)the Investments of the Company or any Subsidiary made in reliance on the Available Amount in any Unrestricted Subsidiary that has been re-designated as a Subsidiary or that has been merged or consolidated with or into the Company or any Subsidiary (up to the lesser of (A) the fair market value (as determined in good faith by the Company) of the investments of the Company or any Subsidiary in such Unrestricted Subsidiary at the time of such re-designation or merger or consolidation and (B) the fair market value (as determined in good faith by the Company) of the original investments by the Company or any Subsidiary in such Unrestricted Subsidiary made in reliance on the Available Amount);

(viii)the returns (including repayments of principal and payments of interest), profits, distributions, returns of capital and similar amounts received in cash or Cash Equivalents by the Company or any Subsidiary on Investments made by the Company or any Subsidiary in reliance on the Available Amount pursuant to Section 6.6(l) (including as a result of any termination or unwinding of such Investments); and

(ix)the aggregate amount of Indebtedness (other than Indebtedness owing to any Parent, the Company or any Subsidiary) that has been converted into or exchanged for equity interests (other than Disqualified Capital Stock) of the Company or any Parent;
minus
(b)the sum, without duplication, of:

(i)the aggregate amount of Restricted Debt Payments made after the Closing Date (and prior to such date of determination) pursuant to Section 6.4(e); and

(ii)the aggregate amount of Investments made after the Closing Date (and prior to such date of determination) pursuant to Section 6.6(l), with each such Investment measured as of the date made and without giving effect to subsequent changes in value.

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

“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

“BANA” means Bank of America, N.A.

“Bank Product Agreement” means any agreement evidencing Bank Product Obligations.

“Bank Product Obligations” means all obligations of every nature of the Company or any Subsidiary from time to time owed to any Bank Product Provider in connection with any Bank Product, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to the Company or such Subsidiary, would have accrued on any Bank Product Obligation, whether or not a claim is allowed against the Company or such Subsidiary for such interest in the related bankruptcy proceeding), reimbursement, fees, expenses, indemnification or otherwise.

“Bank Product Provider” means a Lender or Agent, or any Affiliate of a Lender or Agent, in its capacity as such, that in each case that provides Bank Products to the Company or any Subsidiary (or a 

 10

Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Bank Product Agreement), whether or not such Person subsequently ceases to be a Lender, an Agent or an Affiliate of a Lender or Agent, in any case, that has executed and delivered to the Administrative Agent a letter agreement in form and substance reasonably acceptable to the Administrative Agent pursuant to which such Lender, Agent or Affiliate of such Lender or Agent appoints the Administrative Agent and the Collateral Agent as agents under the applicable Credit Documents.

“Bank Products” means all facilities or services related to (a) cash management and related services, including automated clearinghouse of funds, treasury, depository, overdraft, electronic funds transfer, cash pooling, controlled disbursements and other cash management arrangements, (b) commercial credit card and merchant card services, credit or debit cards, stored value cards and purchase cards and the processing of related sales or receipts and (c) E-payables and comparable services.

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute.

“Bankruptcy Proceeding” as defined in Section 10.6.

“Base Rate” means, for any day, the highest of (a) the rate last quoted by The Wall Street Journal (or another national publication selected by the Administrative Agent) as the U.S. “Prime Rate,” (b) the NYFRB Rate plus 0.50% per annum and (c) the one‐month Eurocurrency Rate for Dollars plus 1.00% per annum.  Any change in the Base Rate due to a change in any of the foregoing will be effective on the effective date of such change in the “prime” rate, the NYFRB Rate or Eurocurrency Rate for an Interest Period of one month.  If the Base Rate is being used as an alternate rate of interest pursuant to Section 2.18 (for the avoidance of doubt, only until any amendment to this Agreement has become effective pursuant to Section 2.18(c)), then the Base Rate shall be the greater of clause (a) and clause (b) of this definition and shall be determined without reference to clause (c) of this definition.

“Base Rate Loan” means a Loan bearing interest at a rate determined by reference to the Base Rate.  For the avoidance of doubt, only Loans denominated in Dollars may be Base Rate Loans and only the Company and any Subsidiary Borrower that is a Domestic Subsidiary may borrow Base Rate Loans.

“Benchmark Replacement” means the sum of: (a) the alternate benchmark rate (which may be a SOFR-Based Rate) that has been selected by the Administrative Agent and the Company giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a rate by the Relevant Governmental Body and/or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to the Eurocurrency Rate for multi‐currency syndicated credit facilities and (b) the Benchmark Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement; provided further that any such Benchmark Replacement shall be administratively feasible as determined by the Administrative Agent in its reasonable discretion.

“Benchmark Replacement Adjustment” means the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Company giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the Eurocurrency Rate with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body and/or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such 

 11

spread adjustment, for the replacement of the Eurocurrency Rate with the applicable Unadjusted Benchmark Replacement for multi‐currency syndicated credit facilities at such time.

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest and other administrative matters) that the Administrative Agent decides in its reasonable discretion (in good faith and in consultation with the Company) may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent reasonably decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent reasonably determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary (in good faith and in consultation with the Company) in connection with the administration of this Agreement).  

“Benchmark Replacement Date” means the earlier to occur of the following events with respect to the Eurocurrency Rate: 

(a) in the case of clause (a) or (b) of the definition of “Benchmark Transition Event,” the later of (x) the date of the public statement or publication of information referenced therein and (y) the date on which the administrator of the LIBO Screen Rate permanently or indefinitely ceases to provide the LIBO Screen Rate; or

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

“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the Eurocurrency Rate: 

(a) a public statement or publication of information by or on behalf of the administrator of the LIBO Screen Rate announcing that such administrator has ceased or will cease to provide the LIBO Screen Rate, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBO Screen Rate; 

(b) a public statement or publication of information by the regulatory supervisor for the administrator of the LIBO Screen Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for the LIBO Screen Rate, a resolution authority with jurisdiction over the administrator for the LIBO Screen Rate or a court or an entity with similar insolvency or resolution authority over the administrator for the LIBO Screen Rate, in each case which states that the administrator of the LIBO Screen Rate has ceased or will cease to provide the LIBO Screen Rate permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBO Screen Rate; and/or 

(c) a public statement or publication of information by the regulatory supervisor for the administrator of the LIBO Screen Rate announcing that the LIBO Screen Rate is no longer representative.

“Benchmark Transition Start Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event stated in such public statement or publication of information (or if the expected date of 

 12

such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication) and (b) in the case of an Early Opt-in Election, the date determined by the Administrative Agent or the Required Lenders, as applicable, and specified by notice to the Company, the Administrative Agent (in the case of such notice by the Required Lenders) and the Lenders.

“Benchmark Unavailability Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Eurocurrency Rate and solely to the extent that the Eurocurrency Rate has not been replaced with a Benchmark Replacement, the period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the Eurocurrency Rate for all purposes hereunder in accordance with Section 2.18(c) and (y) ending at the time that a Benchmark Replacement has replaced the Eurocurrency Rate for all purposes hereunder pursuant to Section 2.18(c).

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

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.

“Blocked Person” means any Person: (a) listed in the annex to, or otherwise subject to the provisions of, Executive Order No. 13224; (b) listed in any sanctions-related list of designated Persons maintained by the United States (including, but not limited to, OFAC Lists), the United Nations Security Council, the European Union or any of its member states, Her Majesty’s Treasury of the United Kingdom, or any other relevant sanctions authority; (c) fifty percent (50%) or more, individually or in the aggregate, owned by any Person or Persons described in paragraphs (a) or (b) hereof; (d) with which any Lender is prohibited from dealing or otherwise engaging in any transaction by any Sanctions; (e) that commits, threatens or conspires to commit or supports “terrorism” as defined in Executive Order No. 13224; (f) that is the government of a Sanctioned Country; (g) that is operating, organized or resident in a Sanctioned Country; or (h) otherwise the object or target of Sanctions.

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

“Borrowers” means, collectively, the Company and the Subsidiary Borrowers, and “Borrower” means any one of them.

“Business” means, at any time, a collective reference to (a) the business activities engaged in or proposed to be engaged in by the Company and the Subsidiaries on the Closing Date, after giving effect to the Transactions, (b) all business activities that are similar, ancillary, incidental, complementary or related to the business activities identified in clause (a), and (c) all business activities that are a reasonable or logical extension of the business activities identified in clauses (a) and (b).
“Business Day” means (a) any day excluding Saturday, Sunday and any day which is a legal holiday under the laws of the State of New York or is a day on which banking institutions located in such state are authorized or required by law or other governmental action to close and (b) with respect to all notices, determinations, fundings and payments in connection with the Eurocurrency Rate or any Eurocurrency Rate Loans, the term “Business Day” means any day which is a Business Day described in clause (a) and which is also a day for trading by and between banks in Dollar deposits in the London interbank market and (c) with respect to any Eurocurrency Rate Loan denominated in an Alternative Currency, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in such Alternative Currency in the applicable offshore interbank market for such Alternative Currency (and, if the Credit Extension or L/C Disbursements which are the subject of a borrowing, 

 13

drawing, payment, reimbursement or rate selection are denominated in euro, the term “Business Day” shall also exclude any day on which the TARGET2 payment system is not open for the settlement of payments in euro).

“Calculation Date” means (a) the last Business Day of each Fiscal Quarter, (b) the date of issuance, amendment, renewal or extension of any Alternative Currency Letter of Credit, and (c) any other date selected by the Administrative Agent in its sole discretion at any time that an Event of Default has occurred and is continuing.

“Cap” means, with respect to any provision of this Agreement as of any date of determination, any limitation based on a fixed Dollar amount or percentage of Consolidated Total Assets or of TTM Consolidated Adjusted EBITDA (or if both apply to such provision, whichever is higher determined as of such date); provided that, for the avoidance of doubt, Cap shall not include any limitation based on a ratio.

“Capital Lease” means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP as in effect on December 31, 2018, is or should be accounted for as a capital lease on the balance sheet of that Person; provided that for all purposes hereunder the amount of obligations under any Capital Lease shall be the amount thereof accounted for as a liability in accordance with GAAP as in effect on December 31, 2018 (i.e., prior to the adoption by the Company of FASB’s ASU 2016-02 “Leases (Topic 842)”).

“Capital Stock” means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other arrangements or rights to acquire any of the foregoing; provided that no Indebtedness of the Company will constitute Capital Stock by virtue of being convertible or exchangeable into Capital Stock prior to such conversion or exchange.

“Captive Insurance Subsidiary” means any Subsidiary that is subject to regulation as an insurance company (or any Subsidiary thereof).

“Cash Equivalents” means, as at any date of determination:

(a)Dollars and each Alternative Currency;

(b)local currencies held by the Company or any Subsidiary from time to time in the ordinary course of business or consistent with past practice and not for speculation;

(c)marketable securities (i) issued or directly and unconditionally guaranteed or insured as to interest and principal by the United States Government or (ii) issued by any agency or instrumentality of the United States the obligations of which are backed by the full faith and credit of the United States, in each case maturing within one year after such date;

(d)marketable direct obligations issued by any state, commonwealth or territory of the United States of America or any political subdivision of any such state, commonwealth or territory or any public instrumentality thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s;

(e)commercial paper maturing no more than one year from the date of creation thereof and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from 

 14

Moody’s (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency);

(f)certificates of deposit, time deposits or bankers’ acceptances maturing within one year after such date and issued or accepted (x) by any Lender or (y) by any commercial bank (or any principal banking subsidiary of a bank holding company) organized under the laws of the United States of America, any State or Commonwealth thereof or the District of Columbia  and is a member of the Federal Reserve System that (i) is at least “adequately capitalized” (as defined in the regulations of its primary federal banking regulator) and (ii) has Tier 1 capital (as defined in such regulations) of not less than $100,000,000;

(g)marketable short-term money market and similar highly liquid funds having a rating of at least P-1 or A-1 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency); and

(h)investment funds investing substantially all of their assets in securities of the types described in clauses (a) through (g) above.

In the case of Investments by any Foreign Subsidiary or Investments made in a jurisdiction outside the United States of America, Cash Equivalents shall also include (i) investments of the type and maturity described in clauses (a) through (h) above of foreign obligors, which Investments or obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and (ii) other short-term investments in accordance with normal investment practices for cash management in investments analogous to the foregoing investments in clauses (a) through (h) and in this paragraph.
“Casualty Event” means any event that gives rise to the receipt by the Company or any Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property.

“Change of Control” means the occurrence either of the following:

(a)    any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act, but excluding any employee benefit plan of such person or its Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of 40% or more of the equity securities of the Company entitled to vote for members of the board of directors or equivalent governing body of the Company on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); or

(b)    any “change of control” or similar event under the definitive documentation evidencing any Material Indebtedness of a type referred to in clause (a), (b) or (g) of the definition of “Indebtedness” (but excluding any such “change of control” or similar event under any Permitted Convertible Indebtedness or other Indebtedness that is exchangeable into Capital Stock, in each case that, if triggered, would not result in an automatic (i) Event of Default thereunder, (ii) acceleration of the maturity thereof or (iii) requirement to make a prepayment of, or offer to purchase for, the principal amount thereof).

    

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“Citizens” means Citizens Bank, N.A.

“Claim” as defined in Section 10.6.

“Class” means (a) with respect to the Lenders, the Lenders having Revolving Credit Exposure (including the Swing Line Lender), and (b) with respect to Loans, Revolving Loans (including Swing Line Loans).

“Closing Date” means December 13, 2019.

“Closing Date Certificate” means a Closing Date Certificate substantially in the form of Exhibit G

“Collateral” means, collectively, all of the real, personal and mixed property (including Capital Stock) in which Liens are granted or purported to be granted pursuant to the Collateral Documents as collateral security for the Obligations; provided that Collateral shall not include any Excluded Assets or any other property or assets specifically excluded from the scope of any grant clause under any other Collateral Document unless (as to any Credit Party) such Credit Party hereafter agrees in writing that any such Excluded Asset, asset or property shall constitute Collateral hereunder.

“Collateral Agent” as defined in the preamble hereto.

“Collateral Documents” means the Amended and Restated Security Agreement, the Amended and Restated Securities Pledge Agreement and all other instruments, documents and agreements delivered by any Credit Party pursuant to this Agreement or any of the other Credit Documents in order to grant to, as the case may be, the Collateral Agent or the Administrative Agent, for the benefit of the Secured Parties, a Lien on any real, personal or mixed property of that Credit Party as security for the Obligations.  For the avoidance of doubt, the Kaman UK Share Mortgage is terminated as of the Closing Date and shall not constitute a Collateral Document.

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

“Company” as defined in the preamble hereto.

“Compliance Certificate” means a Compliance Certificate of the Company substantially in the form of Exhibit C.

“Compounded SOFR” means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate (which may include compounding in arrears with a lookback and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each Interest Period) being established by the Administrative Agent in accordance with: 

(a)    the rate, or methodology for this rate, and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded SOFR; provided that: 

(b)    if, and to the extent that, the Administrative Agent determines that Compounded SOFR cannot be determined in accordance with clause (a) above, then the rate, or methodology for this rate, and conventions for this rate that the Administrative Agent determines in its reasonable discretion 

 16

are substantially consistent with any evolving or then-prevailing market convention for determining compounded SOFR for multi-currency syndicated credit facilities at such time; 

provided further, that if the Administrative Agent reasonably decides that any such rate, methodology or convention determined in accordance with clause (a) or clause (b) is not administratively feasible for the Administrative Agent, then Compounded SOFR will be deemed unable to be determined for purposes of the definition of “Benchmark Replacement.”

“Consolidated Adjusted EBITDA” means for any Test Period, an amount determined for the Company and its Subsidiaries on a consolidated basis and without duplication equal to:

(a)Consolidated Net Income for such period, plus

(b)the sum of, in each case, to the extent deducted (and not added back or excluded) in the calculation of Consolidated Net Income (other than in the case of clauses (xiii) and (xxiii)) but without duplication:

(i)interest expense of such Person and its Subsidiaries on a consolidated basis for such Test Period, including (A) payments made in respect of hedging obligations or other derivative instruments entered into for the purpose of hedging interest rate risk and (B) amortization and write-offs of deferred financing fees, debt issuance costs, commissions, fees and expenses and expensing of bridge, commitment or financing fees;

(ii)taxes based on gross receipts, income, profits or capital, franchise, excise or similar taxes, and foreign withholding taxes, of such Person for such Test Period, including (A) penalties and interest and (B) tax distributions made to any direct or indirect holders of equity interests of such Person in respect of any such taxes;

(iii)amortization of such Person for such Test Period;

(iv)depreciation expense of such Person for such Test Period;

(v)non-cash items of such Person for such Test Period; provided that if any such non-cash item represents an accrual or reserve for potential cash items in any future period, (A) the Company may determine not to add back such non-cash item in the current Test Period and (B) to the extent the Company decides to add back such non-cash item, the cash payment in respect thereof in such future period will be subtracted from Consolidated Adjusted EBITDA in such future period);

(vi)(A) expenses in connection with, or resulting from, stock option plans, employee benefit plans or post-employment benefit plans, or grants or sales of stock, stock appreciation or similar rights, stock options, restricted stock, preferred stock or other similar rights, (B) currency translation losses related to changes in currency exchange rates (including re-measurements of Indebtedness and any net loss resulting from hedge agreements for currency exchange risk), (C) losses, expenses or charges attributable to the movement in the mark-to-market valuation of hedge agreements or other derivative instruments, including the effect of FASB Accounting Standard Certification 815 (or successor FASB Standard or guidance or IFRS equivalent), (D) charges for deferred tax asset valuation allowances, (E) any impairment charge or asset write-off or write-down related to intangible assets (including goodwill), long-lived assets, and Investments in debt and equity securities, and (F) all losses from Investments recorded using the equity method;

 17

(vii)extraordinary, unusual or non-recurring fees, charges and other expenses;

(viii)(A) contract termination costs, (B) excess pension charges, (C) start-up, closure or transition costs, (D) expenses related to any reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for alternative uses, (E) expenses associated with strategic initiatives, facilities shutdown and opening costs, (F) signing, retention and completion bonuses not incurred in the ordinary course of business, (G) relocation or recruiting expenses not incurred in the ordinary course of business, (H) transition, consolidation and closing costs for facilities, including, for the avoidance of doubt, duplicative lease expenses, (I) business optimization expenses (including costs and expenses relating to business optimization programs), (J) new systems design and implementation costs, (K) any restructuring charges or reserves, whether or not classified as such under GAAP, (L) severance payments and (M) charges and expenses incurred (other than such charges and expenses incurred in the ordinary course of business) in connection with litigation (including threatened litigation), any investigation or proceeding (or any threatened investigation or proceeding) by a regulatory, governmental or law enforcement body (including any attorney general);

(ix)all (A) costs, fees and expenses relating to the Transactions, and (B) costs, fees and expenses incurred in connection with equity issuances, Investments, restricted payments, acquisitions, dispositions, recapitalizations, mergers, option buyouts and the incurrence, modification or repayment of Indebtedness (including transactions proposed but not consummated);

(x)items reducing Consolidated Net Income of such Person for such Test Period to the extent (A) covered by a binding indemnification or refunding obligation from a third party, (B) paid (directly or indirectly) by a third party (except to the extent such payment gives rise to reimbursement obligations) or with the proceeds of a contribution to equity capital of such Person or (C) such Person is directly or indirectly, reimbursed for such item by a third party; provided that with respect to clause (a), so long as the Company has made a determination that there exists reasonable evidence that such amount will be reimbursed by such third party and only to the extent that such amount is (a) not denied by such third party in writing and (b) in fact reimbursed within 180 days of the date of such determination (with a deduction for any amount so added back to the extent not so reimbursed within 180 days);

(xi)the amount of management, monitoring, consulting and advisory fees (including termination fees) and related indemnities and expenses paid, payable or accrued, in each case in connection with a Permitted Investment, in such Test Period by such Person to the extent permitted to be paid or accrued under the Credit Documents;

(xii)the effects of purchase accounting, fair value accounting or recapitalization accounting (including the effects of adjustments pushed down to such Person and its Subsidiaries) and the amortization, write-down or write-off of any such amount, in each case, with respect to such Person for such Test Period thereof;

(xiii)expenses, revenue and lost profits of such Person for such Test Period with respect to liability or casualty events or business interruption, in each case, to the extent that any such amount is covered by insurance which either has been reimbursed or as to which the Company has made a determination that there exists reasonable evidence that such amount will be reimbursed by the insurer and only to the extent that such amount is (a) not denied by the applicable insurance carrier in writing and (b) in fact reimbursed within 180 days of the date of 

 18

such determination (with a deduction for any amount so added back to the extent not so reimbursed within 180 days);

(xiv)minority interest expense of such Person for such Test Period, including expense or deduction attributable to minority equity interests of third parties in any Subsidiary;

(xv)all charges, costs, expenses, accruals or reserves in connection with the rollover, acceleration or payout of equity interests held by officers or employees and all losses, charges and expenses related to payments made to holders of options or other derivative equity interests of such Person or any direct or indirect parent thereof in connection with, or as a result of, any distribution being made to equity holders of such Person or any direct or indirect parent thereof, including (A) payments made to compensate such holders as though they were equity holders at the time of, and entitled to share in, such distribution, and (B) all dividend equivalent rights owed pursuant to any compensation or equity arrangement;

(xvi)earn-outs and contingent consideration obligations, bonuses and other compensation, payments in respect of dissenting shares, and purchase price adjustments (other than earn-outs), made by such Person during such Test Period, in each case, in connection with a Permitted Investment;

(xvii)to the extent included in Consolidated Net Income of such Person for such Test Period, the amount of any non-cash losses from abandoned, closed or discontinued operations or operations that are anticipated to become abandoned, closed or discontinued;

(xviii)fees, expenses or charges relating to curtailments or modifications to pension and post-retirement employee benefit plans, costs or expenses (including any payroll taxes) incurred pursuant to any management equity plan, profits interest or stock option plan or any other management or employee benefit plan or agreement or any stock subscription, stockholders or partnership agreement and any payments in the nature of compensation or expense reimbursement made to independent board members, in each case not incurred in the ordinary course of business;

(xix)non-cash losses or discounts on a sale of receivables, securitization assets and related assets to any securitization subsidiary in connection with a securitization transaction;

(xx)the cumulative effect of a change in accounting principles in accordance with GAAP;

(xxi)pro forma adjustments reflected in the model delivered by the Company to the Joint Lead Arrangers prior to the Closing Date;

(xxii)losses resulting from changes in the fair value of earn-out obligations for such period in accordance with FASB ASC 805 (or successor FASB Standard or guidance or IFRS equivalent);

(xxiii)the amount of “run rate” savings, operating expense reductions and synergies that are projected by the Company in good faith to be realized within 18 months after the end of such Test Period from actions taken or committed prior to the end of such Test Period to be taken no later than 18 months after the end of such Test Period (which amounts will be determined by the Company in good faith and are directly attributable to such actions set forth above in this clause (xxiii), reasonably identifiable and quantifiable (as identified on a schedule provided to the 

 19

Administrative Agent and certified by a financial officer of the Company in an officer’s certificate) calculated on a Pro Forma Basis as though such amounts had been realized on the first day of the Test Period for which Consolidated Adjusted EBITDA is being determined), net of the amount of actual benefits realized during such Test Period from such actions; and

(xxiv)solely for purposes of calculating Consolidated Adjusted EBITDA for any Test Period that includes the Fiscal Quarter ending December 31, 2019, the amount of any bonus or incentive arrangements for directors, officers and other employees of the Company or any Subsidiary accrued as an expense by the Company in the Fiscal Year ending December 31, 2019 (regardless of when such amounts are actually paid); provided, however, that the aggregate amount added back pursuant to this cause (xxiv) in respect of any Test Period shall not exceed $25,000,000; minus

(c)the sum of, in each case, to the extent included (and not deducted) in the calculation of Consolidated Net Income but without duplication:

(i)any non-cash items increasing Consolidated Net Income of such Person for such Test Period, excluding any gains that represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period (other than such cash charges that have been added back to Consolidated Net Income in calculating Consolidated Adjusted EBITDA in accordance with this definition);

(ii)federal, state, local and foreign income tax benefits of the Company and the Subsidiaries for such period;

(iii)extraordinary, unusual or non-recurring gains of such Person for such Test Period increasing Consolidated Net Income; and

(iv)any net income from disposed or discontinued operations (excluding held for sale discontinued operations until actually disposed of);

provided, however, that the aggregate amount of all items added back pursuant to any one or more of clauses (viii)(E), (viii)(I), (viii)(J), (viii)(K) and clause (xxiii) above in respect of any Test Period shall not exceed $75,000,000 in the aggregate from the Closing Date through the term of this Agreement.

To the extent the determination of Consolidated Adjusted EBITDA of any other Person is required in connection with any Specified Transaction or Pro Forma calculations with respect thereto, the Company shall determine the Consolidated Adjusted EBITDA of such Person in a manner consistent with this definition but substituting such other Person and its Subsidiaries therein.

“Consolidated Interest Expense” means for any Test Period, the sum, without duplication, of (x) all interest, premium payments, debt discount, fees, charges and related expenses in connection with borrowed money and debt securities or in connection with the deferred purchase price of assets, in each case, to the extent paid or payable in cash (including capitalized interest) but solely to the extent treated as interest in accordance with GAAP, of or by the Company and its Subsidiaries on a consolidated basis for the most recently completed Test Period, plus (y) the portion of rent expense under Capital Leases of the Company and its Subsidiaries on a consolidated basis for the most recently completed Test Period, but excluding, for the avoidance of doubt:

 20

(a)amortization of deferred financing costs, debt issuance costs, commissions, fees and expenses and any other amounts of non-cash interest (including as a result of the effects of acquisition method accounting or pushdown accounting),

(b)non-cash interest expense attributable to the movement of the mark-to-market valuation of obligations under hedging agreements or other derivative instruments pursuant to International Accounting Standard No. 39, 

(c)any one-time cash costs associated with breakage in respect of hedging agreements for interest rates,

(d)any “additional interest” owing pursuant to a registration rights agreement with respect to any securities, 

(e)any payments with respect to make-whole premiums or other breakage costs of any Indebtedness, including, without limitation, any Indebtedness issued in connection with the Transactions, 

(f)penalties and interest relating to taxes, 

(g)accretion or accrual of discounted liabilities not constituting Indebtedness, 

(h)interest expense attributable to a direct or indirect parent entity resulting from push down accounting,

(i)any expense resulting from the discounting of Indebtedness in connection with the application of recapitalization or purchase accounting, and 

(j)any interest expense attributable to the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto and with respect to any Permitted Acquisition or similar Investment permitted hereunder.
For the avoidance of doubt, interest expense shall be determined after giving effect to any net payments made or received by the Company and its Subsidiaries in respect of Rate Contracts relating to interest rate protection, and Consolidated Interest Expense shall not include interest, if any, that may be attributable to operating leases, contingent liabilities and contractual indemnities.
“Consolidated Net Income” means, for any Test Period an amount determined for the Company and the Subsidiaries on a consolidated basis and without duplication equal to:

(a)the net income (or loss) of the Company and the Subsidiaries on a consolidated basis for such Test Period taken as a single accounting period determined in conformity with GAAP, plus

(b)the income (or loss) of any Joint Venture or Unrestricted Subsidiary of the Company or any Subsidiary, solely, in the case of any income, to the extent of the amount of dividends or other distributions actually paid to the Company or any Subsidiary by such Joint Venture or Unrestricted Subsidiary during such Test Period, minus

(c)to the extent included in clause (a) above, an amount equal to the sum of (without duplication):

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(i)solely with respect to calculating Available Amount, with respect to any Person that is not a wholly-owned Subsidiary of the Company but whose net income is consolidated in whole or in part with the net income of the Company, the income (or loss) of such Person solely to the extent attributable to that portion of the Capital Stock in such Person that is not owned, directly or indirectly, by the Company during such Test Period; provided that the Company’s equity in the net income in such Person will be included in Consolidated Net Income up to the amount of dividends, distributions or other payments in respect of such equity that are paid in cash (or to the extent converted into cash) by such Person to the Company or any Subsidiary (and the Company’s equity in the net loss of such Person shall be included to the extent of the aggregate Investment of the Company or any Subsidiary in such Person);

(ii)solely with respect to calculating Available Amount, with respect to any Person that is not a wholly-owned Subsidiary of the Company but whose net income is consolidated in whole or in part with the net income of the Company, the income of such Person solely to the extent that the declaration or payment of dividends or similar distributions by such Person of that income is not permitted by operation of the terms of its Organizational Documents or any agreement, instrument or requirement of Law applicable to such Person during such Test Period; provided that Consolidated Net Income shall be increased by the amount of dividends or distributions or other payments that are actually paid by such Person to the Company or any Subsidiary in respect of such Test Period;

(iii)the income (or loss) of any Person accrued prior to the date (x) such Person becomes a Subsidiary of the Company or is merged into or consolidated with the Company or any Subsidiary or (y) such Person’s assets are acquired by the Company or any Subsidiary;

(iv)any after-tax gains or losses attributable dispositions of property;

(v)earnings (or losses), including any non-cash impairment charge, resulting from any reappraisal, revaluation or write-up (or write-down) of assets during such Test Period;

(vi)(A) unrealized gains and losses with respect to Rate Contracts for such Test Period and the application of Accounting Standards Codification 815 (Derivatives and Hedging) and (B) any after-tax effect of income (or losses) for such Test Period that result from the early extinguishment of (x) Indebtedness, (y) obligations under any Rate Contracts or (z) other derivative instruments;

(vii)gains and losses due solely to fluctuations in currency values and the related tax effects determined in accordance with GAAP for such Test Period, and

(viii)the effects of adjustments (including the effects of such adjustments pushed down to such Person and its Subsidiaries) in the inventory, property and equipment, software, goodwill, other intangible assets, in-process research and development, deferred revenue, debt and unfavorable or favorable lease line items in such Person’s consolidated financial statements pursuant to GAAP for such Test Period resulting from the application of purchase accounting in relation to the Transactions or any acquisition consummated prior to the Closing Date and any Permitted Acquisition or other Investment or the amortization or write-off of any amounts thereof, net of taxes, for such Test Period.

To the extent the determination of Consolidated Net Income of any other Person is required in connection with any Specified Transaction or Pro Forma calculations with respect thereto, the Company shall 

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determine the Consolidated Net Income of such Person in a manner consistent with this definition but substituting such other Person and its Subsidiaries therein.
“Consolidated Total Assets” shall mean at any date of determination, for any Person, the total assets of such Person and its Subsidiaries determined in accordance with GAAP on a consolidated basis as of such date.
“Consolidated Total Debt” means, as at any date of determination, the aggregate stated balance sheet amount of all Indebtedness of the Company and the Subsidiaries referred to in the following clauses of the definition of “Indebtedness”: clauses (a), (b), (c), (f) (but only to the extent that any letter of credit or any performance, surety, statutory, appeal or similar bond has been drawn and not reimbursed (provided that any unreimbursed amount under commercial letters of credit and performance, surety, statutory, appeal or similar bonds shall not be counted as Consolidated Total Debt until three (3) Business Days after such amount is drawn (it being understood that any borrowing, whether automatic or otherwise, to fund such reimbursement shall be counted)), (h) (without duplication of the foregoing clauses and only to the extent relating to Indebtedness of the type described in clauses (a), (b), (c) and (f) of the definition thereof) and (i) (to the extent relating to Indebtedness of the type described in clauses (a), (b), (c) and (f) of the definition thereof), in each case determined on a consolidated basis in accordance with GAAP; provided that Consolidated Total Debt shall not include (i) Indebtedness in respect of obligations under Rate Contracts, (ii) operating leases, (iii) contingent liabilities (except for contingent liabilities of the type referred to in clause (h) of the definition of Indebtedness (but only to the extent relating to Indebtedness of the type referred to in clauses (a), (b), (c) and (f) of the definition thereof)), and (iv) contractual indemnities.

“Contractual Obligation” means, as applied to any Person, any provision of any of the Securities issued by that Person or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject.

“Contributing Guarantors” as defined in Section 7.2.

“Controlled Account” means any deposit account, securities account or similar account maintained by the Company or any Subsidiary with any Agent or any Lender, or with any Affiliate of an Agent or a Lender; provided that such account shall not be required to be subject to any control agreement.

“Conversion/Continuation Date” means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.
“Conversion/Continuation Notice” means a Conversion/Continuation Notice substantially in the form of Exhibit A-2

“Corresponding Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the applicable Interest Period with respect to the Eurocurrency Rate

“Counterpart Agreement” means a Counterpart Agreement substantially in the form of Exhibit H.

“Credit Date” means the date of a Credit Extension

    

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“Credit Document” means any of (i) this Agreement, (ii) each Subsidiary Borrower Agreement, (iii) each Subsidiary Borrower Termination, (iv) the Notes, if any, (v) the Collateral Documents, (vi) each Fee Letter, (vii) any documents or certificates executed by the Company in favor of an Issuing Bank relating to Letters of Credit, (viii) any Intercreditor Agreement, any Subordination Agreement or any other intercreditor or subordination agreement entered into pursuant to the terms hereof and (ix) any Incremental Amendment or Extension Amendment.

“Credit Extension” means the making of a Loan or the Issuing of a Letter of Credit.

“Credit Party” means the Company, each Subsidiary Borrower and each Guarantor Subsidiary.

“Current Assets” has the meaning ascribed to such term as provided for and reflected on the balance sheet included in the consolidated financial statements delivered pursuant to Section 5.1(a) or (b) (or, if prior to the Closing Date, the most recent balance sheet referred to in Section 4.4).

“Debt Representative” means, with respect to any series of Pari Passu Lien Indebtedness, Junior Lien Indebtedness or other Indebtedness secured by a Lien permitted under Section 6.1, the administrative agent, trustee, collateral agent, security agent or similar agent under the credit agreement, indenture, note purchase agreement or similar agreement or instrument pursuant to which such Indebtedness is incurred, issued or otherwise obtained, as the case may be, and each of their successors in such capacities.

“Default” means a condition or event that, after notice or lapse of time or both, would constitute an Event of Default.

“Default Excess” means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all of the Lenders (calculated as if all Defaulting Lenders (including such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans of such Defaulting Lender.

“Default Period” means, with respect to any Defaulting Lender, the period commencing on the date of the applicable Funding Default and ending on the earliest of the following dates: (a) the date on which all Revolving Credit Commitments are cancelled or terminated and/or the Obligations are declared or become immediately due and payable, (b) with respect to any Funding Default (other than any such Funding Default arising pursuant to clause (e) of the definition of “Defaulting Lender”), the date on which (i) the Default Excess with respect to such Defaulting Lender will have been reduced to zero (whether by the funding by such Defaulting Lender of any Defaulted Loans of such Defaulting Lender or by the non-pro rata application of any voluntary prepayments of the Loans in accordance with the terms of Section 2.13) and (ii) such Defaulting Lender will have delivered to the Company and the Administrative Agent a written reaffirmation of its intention to honor its obligations hereunder with respect to its Revolving Credit Commitments, and (c) the date on which the Company, the Administrative Agent and the Required Lenders waive all Funding Defaults of such Defaulting Lender in writing.

“Defaulted Loan” as defined in Section 2.22.

“Defaulting Lender” will mean any Lender that has (a) failed to fund its portion of any Loan, or any portion of its participation in any Letter of Credit or Swing Line Loan within two (2) Business Days of the date on which it will have been required to fund the same, unless such Lender notifies the Company that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, will be specifically identified in such writing) has not been satisfied, (b) notified the Company, the Administrative Agent, any 

 24

Issuing Bank, the Swing Line Lender or any other 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 under agreements in which it commits to extend credit generally unless such Lender notifies the Company that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, will be specifically identified in such writing) has not been satisfied, (c) failed, within three (3) Business Days after written request by the Administrative Agent or the Company, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans (unless such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, will be specifically identified in writing to the Company prior to such failure) cannot be satisfied) and participations in then outstanding Letters of Credit and Swing Line Loans; provided that any such Lender will cease to be a Defaulting Lender under this clause (c) upon receipt of such confirmation by the Administrative Agent and the Company, (d) otherwise failed to pay over to the Company, the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within one (1) Business Day of the date when due, (e) has become the subject of a Bail-In Action or is a Covered Party (as defined in Section 10.26 that has become subject to a proceeding under a U.S. Special Resolution Regime (as defined in Section 10.26) or (f)(i) been adjudicated as, or determined by any Governmental Authority having regulatory authority over such Lender or its properties or assets to be, insolvent or (ii) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business 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, unless, in the case of any Lender referred to in this clause (f), the Company, the Administrative Agent, the Swing Line Lender and each Issuing Bank will be satisfied that such Lender intends, and has all approvals required to enable it, to continue to perform its obligations as a Lender hereunder.  For the avoidance of doubt, a Lender will not be deemed to be a Defaulting Lender solely by virtue of the Undisclosed Administration of such Lender or its parent or of the ownership or acquisition of any Capital Stock in such Lender or its parent by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender; provided that, as of any date of determination, the determination of whether any Lender is a Defaulting Lender hereunder will not take into account, and will not otherwise impair, any amounts funded by such Lender which have been assigned by such Lender to an SPC pursuant to Section 10.6.  Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (f) above will be conclusive and binding absent manifest error, and such Lender will be deemed to be a Defaulting Lender upon delivery of written notice of such determination by the Administrative Agent to the Company and each other Lender.

“Disqualified Capital Stock” means any Capital Stock which, by its terms (or by the terms of any security or other Capital Stock into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely in exchange for Capital Stock that is not otherwise Disqualified Capital Stock), pursuant to a sinking fund obligation or otherwise, (b) is redeemable at the option of the holder thereof (other than solely in exchange for Capital Stock that is not otherwise Disqualified Capital Stock), in whole or in part, (c) provides for the scheduled payment of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Capital Stock that would constitute Disqualified Capital Stock, in each case, prior to the date that is ninety-one (91) days after the Revolving Credit Commitment Termination Date, except, in the case of clauses (a) and (b), if as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of such a change of control or asset 

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sale event are subject to the prior payment in full in cash of all Obligations, the cancellation or expiration of all Letters of Credit and the termination of the Revolving Credit Commitments; provided, if such Capital Stock is issued pursuant to a plan for the benefit of future, current or former employees, directors or officers of the Company or any Subsidiary or by any such plan to such employees, directors or officers, such Capital Stock will not constitute Disqualified Capital Stock solely because the Company or any Subsidiary may be required to repurchase such Capital Stock in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s, director’s or officer’s termination, death or disability.

“Disqualified Lender” means (i) those particular banks, financial institutions and other institutional lenders or other Persons identified in writing by the Company to (x) the Joint Lead Arrangers prior to the Closing Date or (y) the Administrative Agent from time to time on or after the Closing Date and consented to by the Administrative Agent and (ii) any reasonably identifiable (on the basis of its name or as identified in writing by the Company) affiliate of, or fund managed or advised by, the entities described in the preceding clause (i) that are identified on the basis of its name or identified as such in writing by the Company to the Administrative Agent from time to time (in each case other than bona fide debt funds or investment vehicles that are engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of business); provided that any Person that is a Lender and subsequently becomes a Disqualified Lender (but was not a Disqualified Lender on or prior to the Closing Date or at the time it became a Lender) will be deemed to not be a Disqualified Lender hereunder.  To the extent the Company and the Administrative Agent agree to add any entities as Disqualified Lenders on or after the Closing Date, the Administrative Agent shall make such designations available to the Lenders not later than two (2) Business Days after such designation.  Notwithstanding anything herein to the contrary, in no event shall any such designation on or after the Closing Date apply retroactively to disqualify any Eligible Assignee that has previously acquired (or has previously entered into a binding commitment to acquire) an assignment or participation interest in the Loans or Revolving Credit Commitments that was otherwise permitted hereunder at such time and such assignment or participation (or binding commitment to acquire such assignment or participation) was effective prior to the delivery of such supplemental designation by the Administrative Agent to the Lenders.

“Division” has the meaning set forth in Section 1.7.

“Documentation Agents” means Fifth Third Bank, National Association, KeyBank National Association, Truist Bank and Wells Fargo Bank, National Association, each in its capacity as documentation agent under this Agreement.

“Dollar Equivalent” means, at any time as to any amount denominated in any Alternative Currency, the equivalent amount in Dollars as determined by the Administrative Agent at such time on the basis of the Exchange Rate for the purchase of Dollars with such Alternative Currency, on the most recent Calculation Date for such currency.

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

“Domestic Subsidiary” means any Subsidiary organized under the laws of the United States of America, any State or Commonwealth thereof or the District of Columbia.

“E-Fax” means any system used to receive or transmit faxes electronically.

“E-Signature” means the process of attaching to or logically associating with an Electronic Transmission an electronic symbol, encryption, digital signature or process (including the name or an 

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abbreviation of the name of the party transmitting the Electronic Transmission) with the intent to sign, authenticate or accept such Electronic Transmission.

“E-System” means any electronic system approved by the Administrative Agent, including IntraLinks® and ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by the Administrative Agent, any of its Related Persons or any other Person, providing for access to data protected by passcodes or other security system.

“Early Opt-in Election” means the occurrence of:

(a) (i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with a copy to the Company) that the Required Lenders have determined, in either case, that multi-currency syndicated credit facilities being executed at such time, or that include language similar to that contained in Section 2.18 are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the Eurocurrency Rate, and 

(b) (i) the election by the Administrative Agent or (ii) the election by the Required Lenders, in either such case, to declare that an Early Opt-in Election has occurred due to the occurrence of an event described in clause (a) above and the provision, as applicable, by the Administrative Agent of written notice of such election to the Company and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

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

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

“Electronic Transmission” means each document, instruction, authorization, file, information and any other communication transmitted, posted or otherwise made or communicated by e-mail or E-Fax, or otherwise to or from an E-System.

“Eligible Assignee” means, in each case, subject to the proviso at the end of this definition, (a) any Lender and any Affiliate of any Lender, (b) any Person (other than a Natural Person or the Company or any of its Affiliates) in compliance with Section 10.6(c)(ii) or (c) any Approved Fund; provided that in no event will (i) a Disqualified Lender be an Eligible Assignee without the Company’s consent, (ii) any Defaulting Lender or any Subsidiary of a Defaulting Lender, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons in this clause (ii) and (iii) the Company or any of its Affiliates, be an Eligible Assignee.

“Eligible Subsidiary” means any Subsidiary that is approved from time to time by the Administrative Agent and each of the Lenders.

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“Environmental Claim” means any notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (a) pursuant to or in connection with any actual or alleged Environmental Liability or violation of any applicable Environmental Law; (b) in connection with any Hazardous Material or any actual or alleged Hazardous Materials Activity; or (c) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment.

“Environmental Laws” means any and all current and future foreign or domestic, federal or state (or any subdivision of either of them) Laws, Governmental Authorizations, or any other requirements of Governmental Authorities relating to (a) the environment, natural resources and environmental matters, including those relating to any Hazardous Materials Activity; (b) the generation, use, storage, transportation or disposal of Hazardous Materials; or (c) occupational health and safety, land use or the protection of human, plant or animal health or welfare, in any such case, as of any date of determination, then in force and in any manner applicable to the Company or any of its Subsidiaries or any Facility.

“Environmental Liabilities” means all Liabilities (including costs of Remedial Actions, natural resource damages and costs and expenses of investigation and feasibility studies, including the cost of environmental consultants and attorneys’ costs) that may be imposed on, incurred by or asserted against any Credit Party or any Subsidiary of any Credit Party as a result of, or related to, (a) any actual or alleged violation of any applicable Environmental Law; (b) any Release or threatened Release; (c) any Remedial Action or Hazardous Materials Activity; or (d) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

“ERISA” means the Employee Retirement Income Security Act of 1974 and all rules and regulations promulgated pursuant thereto, as the same may from time to time be supplemented or amended.

“ERISA Affiliate” means, with respect to any Borrower, any trade or business (whether or not incorporated) under common control with such Borrower within the meaning of Section 414(b), (c), (m) or (o) of the Internal Revenue Code.

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

“Establishment” means, in respect of any Person, any place of operations where such Person carries out a non-transitory economic activity with human means and goods, assets or services.

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

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“EU Insolvency Regulation” means the Council of the European Union Regulations No. 2015/848 on Insolvency Proceedings.

“EU Treaty” means the Treaty on European Union.

“euro” and “€” mean the single common currency of the Participating Member States.

“Eurocurrency Rate” means, for any Interest Period and for any currency, the LIBO Screen Rate for such currency at approximately 11:00 a.m. (London time) on the day which is two (2) Business Days prior to the first day of such Interest Period, as adjusted for Statutory Reserves; provided that if the LIBO Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) with respect to the applicable currency then the Eurocurrency Rate shall be the Interpolated Rate.

“Eurocurrency Rate Loan” means a Loan bearing interest at a rate determined by reference to the Eurocurrency Rate.

“Event of Default” as defined in Section 8.1.

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

“Exchange Rate” means, on any day, for purposes of determining the Dollar Equivalent of any Alternative Currency, the rate at which such other currency may be exchanged into Dollars, as set forth at approximately 11:00 a.m., Local Time, on such date on the Reuters World Currency Page for such Alternative Currency.  If such rate does not appear on any Reuters World Currency Page, the Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be selected by the Administrative Agent, or, in the event no such service is selected, such Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are then being conducted, at or about such time as the Administrative Agent shall elect after determining that such rates shall be the basis for determining the Exchange Rate, on such date for the purchase of Dollars for delivery two Business Days later; provided that, if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the Company, may use any reasonable method it deems in good faith appropriate to determine such rate, and such determination shall be presumed correct absent manifest error.
“Excluded Assets” means (a) any Real Estate Asset; (b) any asset (including, to the extent applicable, any Equipment or Inventory owned by a Credit Party that is subject to a Lien permitted under Section 6.2(d)), lease, license, franchise, charter, authorization, contract or agreement to which any Credit Party is a party, together with any rights or interest thereunder, in each case, if and to the extent security interests therein (i) are prohibited by or in violation of any applicable Law, (ii) require any governmental consent that has not been obtained or consent of a third party that is not a Credit Party that has not been obtained pursuant to any contract or agreement binding on such asset at the time of its acquisition and not entered into in contemplation of such acquisition or (iii) is prohibited by or in violation of a term, provision or condition of any lease, license, franchise, charter, authorization, contract or agreement to which a Credit Party is a party, except, in the case of each of the foregoing clauses (i), (ii) and (iii), to the extent that such prohibition or restriction would be rendered ineffective under the UCC or other applicable Law or principle of equity; provided, however, that, notwithstanding the foregoing, the Collateral shall include (and the Lien securing the Obligations shall attach), at such time as the contractual or legal prohibition shall no longer be applicable and to the extent severable, shall attach to 

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any portion of such asset, lease, license, franchise, charter, authorization, contract or agreement not subject to the prohibitions specified in clauses (i), (ii) or (iii) above (in each case, after giving effect to the applicable anti-assignment provisions of the UCC or other applicable law); (c) the Excluded Equity Interests and any assets of any Excluded Subsidiary; (d) any “intent-to-use” trademark applications; (e) (i) as extracted collateral, (ii) timber to be cut, (iii) farm products, (iv) manufactured homes and (v) healthcare insurance receivables; (f) any particular asset, if the pledge thereof or the security interest therein would result in material adverse tax consequences to any Grantor as reasonably determined by the Company in good faith in consultation with the Administrative Agent; (g) any specifically identified asset with respect to which the Administrative Agent has determined (in its reasonable judgment in consultation with the Company) that the costs of obtaining, perfecting or maintaining a security interest or pledge in such asset exceed the fair market value thereof (as determined by the Company in its reasonable judgment) or the practical benefit to the Secured Parties afforded thereby; (h) Letter of Credit rights to the extent a security interest therein cannot be perfected by the filing of UCC-1 financing statements and all commercial tort claims; and (i) motor vehicles, aircraft and other assets subject to certificates of title or ownership (including, without limitation, aircraft, airframes, aircraft engines or helicopters, or any equipment or other assets constituting a part thereof and rolling stock) in each case, to the extent a security interest therein cannot be perfected by the filing of a UCC-1 financing statement in the jurisdiction of organization of the applicable Credit Party.  Each other term used in this definition but not defined in this Agreement that is defined in the UCC shall have the meaning specified in the UCC.  

“Excluded Equity Interests” means: (a) any Capital Stock of any Domestic Subsidiary or Foreign Subsidiary, in each case that is an Immaterial Subsidiary; (b) any Capital Stock in excess of 66% of the issued and outstanding Voting Capital Stock of (1) each Subsidiary that is a Foreign Subsidiary and (2) each Subsidiary that is a Foreign Subsidiary Holding Company; (c) any Capital Stock of (1) any Person that is not a direct wholly-owned Subsidiary of a Credit Party or (2) any other Person (other than a direct or indirect wholly-owned Subsidiary of a Credit Party), in each case to the extent (x) the Organizational Documents or other agreements with respect to such Capital Stock with other equity holders prohibits or restricts the pledge of such Capital Stock, (y) the pledge of such Capital Stock is otherwise prohibited or restricted by (i) applicable law, rule or regulation, which would require governmental (including regulatory) consent, approval, license or authorization to be pledged or that would require consent under any contractual obligation existing on the Closing Date or on the date any subsidiary is acquired (so long as, in respect of such contractual obligation, such prohibition is not incurred in contemplation of such acquisition and except to the extent such prohibition is overridden by anti-assignment provisions of the Uniform Commercial Code) or (ii) any agreement with a third party (other than a Credit Party or any Subsidiary) or (z) would result in a change of control, repurchase obligation or other adverse consequence (in each case, except to the extent that any such prohibition or restriction would be rendered ineffective under the UCC or other applicable Law or principle of equity); (d) any margin stock; (e) any Capital Stock, if the pledge thereof or the security interest therein would result in material adverse tax consequences to any Credit Party as reasonably determined by the Company in good faith (in consultation with the Administrative Agent); (f) Capital Stock in any Excluded Subsidiary (other than a Foreign Subsidiary); and (g) any Capital Stock with respect to which the Administrative Agent has determined (in its reasonable judgment) in consultation with the Company that the costs of pledging, perfecting or maintaining the pledge in respect of such Capital Stock hereunder exceeds the fair market value thereof or the practical benefit to the Secured Parties afforded (or proposed to be afforded) thereby.

“Excluded Subsidiary” means (a) each Immaterial Subsidiary, (b) each Unrestricted Subsidiary, (c) each Foreign Subsidiary, (d) each Foreign Subsidiary Holding Company, (e) each Domestic Subsidiary that is a direct or indirect Subsidiary of a Foreign Subsidiary, (f) each Subsidiary to the extent that such Subsidiary is prohibited by any applicable Law from guaranteeing the Obligations, (g) each Subsidiary if, and for so long as, the guarantee of the Obligations by such Subsidiary would require the 

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consent, approval, license or authorization of a Governmental Authority or under any binding Contractual Obligation with any Person other than the Company or any Subsidiary existing on the Closing Date (or, if later, the date such Subsidiary is acquired (so long as such Contractual Obligation is not incurred in contemplation of making such Subsidiary an Excluded Subsidiary), except to the extent such consent, approval, license or authorization has actually been obtained, (h) each Subsidiary that is not a wholly-owned Subsidiary of the Company or a Guarantor, (i) [reserved], (j) each Subsidiary that is a not-for-profit organization, (k) each Captive Insurance Subsidiary, (l) each Subsidiary with respect to which, as reasonably determined by the Company in good faith (in consultation with, and notified in writing to, the Administrative Agent), the guarantee by such Subsidiary would reasonably be expected to result in material adverse tax consequences to the Company or any Subsidiary, and (m) each Subsidiary with respect to which, as reasonably determined by the Company in good faith (in consultation with, and notified in writing to, the Administrative Agent) the cost of providing a guarantee is excessive in view of the benefits to be obtained by the Lenders; in each case of this definition, unless such Subsidiary is designated as a Guarantor pursuant to the definition of “Guarantor Subsidiaries.”

“Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” (determined after giving effect to any applicable keep well, support or other agreement for the benefit of such Guarantor and any and all guarantees of such Guarantor’s Swap Obligations by other Credit Parties) as defined in the Commodity Exchange Act and the regulations thereunder (determined after giving effect to Section 7.13) at the time the Guaranty of such Guarantor, or a grant by such Guarantor of a security interest, becomes effective with respect to such Swap Obligation.  If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion will apply only to the portion of such Swap Obligation that is attributable to swaps for which the Guaranty or security interest is or becomes excluded in accordance with the first sentence of this definition.

“Excluded Tax” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient (a) Taxes imposed on or measured by net income (however denominated, and including branch profits Taxes) and Taxes imposed in lieu of net income Taxes including franchise Taxes, in each case (i) imposed as a result of such Recipient being organized under the Laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) imposed on any Recipient as a result of a present or former connection between such Recipient and the jurisdiction of the Governmental Authority imposing such Tax or any political subdivision or taxing authority thereof or therein (other than such connection arising solely from any such Recipient having executed, delivered or performed its obligations or received a payment under, received or perfected a security interest under, or enforced, any Credit Document); (b) U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Recipient with respect to an applicable interest in a Loan or Revolving Credit Commitment pursuant to a Law in effect on the date on which such Recipient (i) acquires such interest in the Loan or Revolving Credit Commitment or otherwise becomes a party to this Agreement (other than, with respect to a Lender, pursuant to an assignment request by the Company under Section 2.23) or (ii) changes its lending office, except in each case, to the extent that, pursuant to Section 2.20, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office; (c) Taxes that are attributable to the failure by any Recipient to deliver the documentation required to be delivered pursuant to Section 2.20(f) or Section 2.20(g); and (d) any withholding Taxes imposed under FATCA.

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“Executive Order No. 13224” means Executive Order No. 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.

“Existing Credit Agreement” as defined in the recitals hereto.

“Existing Letters of Credit” as defined in the recitals hereto and specified on Schedule 1.1(a).

“Existing Permitted Supplier Financing Arrangements” means those supplier financing arrangements that constituted “Permitted Supplier Financing Arrangements” (as defined in the Existing Credit Agreement) under the Existing Credit Agreement and specified on Schedule 1.1(b).

“Export Controls” means any applicable laws, regulations, and orders related to the regulation of imports, exports or re-exports, including the Export Administration Regulations (15 C.F.R. § 730-774), the Arms Export Control Act (22 U.S.C. § 2778), the International Traffic in Arms Regulations (22 C.F.R. § 120-130), the Tariff Act of 1930 and regulations administered and enforced by U.S. Customs and Border Protection and U.S. Immigration and Customs Enforcement, and any other laws, regulations, and orders of a similar nature.

“Extended Revolving Credit Commitment” as defined in Section 10.5(g).

“Extension” as defined in Section 10.5(g).

“Extension Amendment” as defined in Section 10.5(g).

“Extension Offer” as defined in Section 10.5(g).

“Facility” means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by the Company, any Subsidiary or any of their respective predecessors or Affiliates.

“Fair Share” as defined in Section 7.2.

“Fair Share Contribution Amount” as defined in Section 7.2.

“FASB Standards” means the standards established by the Financial Accounting Standards Board, as in effect from time to time.

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Internal Revenue Code.

“FCPA” means the U.S. Foreign Corrupt Practices Act (15 U.S.C. §§78dd-1 et seq.).

“Federal Funds Rate” means for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions by depositary institutions, as determined in such manner as shall be set forth on the Federal Reserve Bank of New York’s Website from time to time, and published on the next 

 32

succeeding Business Day by the NYFRB as the effective federal funds rate; provided, however, that if such rate shall be less than zero, then such rate shall be deemed to be zero for all purposes of this Agreement.

“Federal Reserve Bank of New York’s Website” means the website of the NYFRB at http://www.newyorkfed.org or any successor source.

“Fee Letters” means, collectively, (a) the Agency Fee Letter, (b) that certain Fee Letter, dated as of November 1, 2019, by and between the Company and JPMorgan and (c) that certain Fee Letter, dated as of November 12, 2019, by and between the Company, JPMorgan, BofA Securities, Inc. and Citizens.

“Financial Officer Certification” means, with respect to the financial statements for which such certification is required, the certification of the chief financial officer, treasurer, controller or other officer with equivalent duties of the Company that such financial statements fairly present, in all material respects, the financial condition of the Company and the Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments and the absence of footnotes.

“Financial Covenants” means the (a) maximum Total Net Leverage Ratio covenant set forth in Section 6.7(a), (b) minimum Interest Coverage Ratio covenant set forth in Section 6.7(b) and (c) minimum Liquidity covenant set forth in Section 6.7(c).

“Fiscal Quarter” means, with respect to any Person, the fiscal quarter of such Person.  In the case of the Company, Fiscal Quarter means a fiscal quarter of any Fiscal Year of the Company.  A Fiscal Quarter of the Company may be designated by reference to the last day thereof (i.e., the “December 31, 2019 Fiscal Quarter” refers to the Fiscal Quarter ended on December 31, 2019, the last day of the Company’s fourth Fiscal Quarter for Fiscal Year 2019) or by reference to the applicable Fiscal Quarter of a Fiscal Year (i.e., the “Q4-2019 Fiscal Quarter” also refers to the Company’s fourth Fiscal Quarter for Fiscal Year 2019).  To the extent that the Fiscal Quarters of any Person (other than the Company) are different than the Fiscal Quarters of the Company, the Company shall determine in good faith a methodology to align such other Person’s Fiscal Quarters with the corresponding Fiscal Quarters of the Company.  For purposes of this Agreement, except to the extent expressly stated otherwise, references to any “Fiscal Quarter” will mean a Fiscal Quarter of the Company.  For the avoidance of doubt, while the Company’s Fiscal Year ends on December 31 of each calendar year, the Company’s first three Fiscal Quarters of each Fiscal Year follow a 13-week convention, with each such Fiscal Quarter ending on a Friday.

“Fiscal Year” means, with respect to any Person, the fiscal year of such Person.  A Fiscal Year of the Company may be designated by reference to the last day thereof (i.e., the “December 31, 2019 Fiscal Year” refers to the Fiscal Year ended on December 31, 2019) or by reference to the calendar year in which such Fiscal Year ends (i.e., the “Fiscal Year 2019” also refers to the Fiscal Year ended on December 31, 2019).  To the extent that the Fiscal Years of any Person (other than the Company) are different than the Fiscal Years of the Company, the Company shall determine in good faith a methodology to align such other Person’s Fiscal Years with the corresponding Fiscal Years of the Company.  For purposes of this Agreement, except to the extent expressly stated otherwise, references to any “Fiscal Year” will mean a Fiscal Year of the Company.  For the avoidance of doubt, as of the Closing Date the Company’s Fiscal Year ends on December 31 of each calendar year.

“Foreign Government Scheme or Arrangement” as defined in Section 4.15(d).

“Foreign Plan” as defined in Section 4.15(d).

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

“Foreign Subsidiary Holding Company” means any Subsidiary that has no material assets other than the Capital Stock (or Capital Stock and Indebtedness) of one or more Foreign Subsidiaries or other Foreign Subsidiary Holding Companies.

“Funding Default” as defined in Section 2.22.

“Funding Guarantor” as defined in Section 7.2.

“Funding Notice” means a notice substantially in the form of Exhibit A-1.

“GAAP” means, subject to the limitations on the application thereof set forth in Section 1.2 and in the definition of Capital Lease, United States generally accepted accounting principles in effect as of the date of determination thereof.

“Government Official” means (a) any official, officer, employee or representative of, or any Person acting in an official capacity for or on behalf of, any Governmental Entity, (b) any political party or party official or candidate for political office or (c) any official, officer, employee, or any Person acting in an official capacity for or on behalf of, any company, business, enterprise or other entity owned (in whole or in substantial part) or controlled by a Governmental Entity.

“Governmental Acts” means any act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority.

“Governmental Authority” means any federal, state, municipal, national or other government, governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity, officer or examiner exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government in a jurisdiction where the Company and the Subsidiaries operate the Business, including any supra-national bodies (such as the European Union or the European Central Bank).

“Governmental Authorization” means any permit, license, authorization, plan, directive, consent order or consent decree of or from any Governmental Authority.

“Governmental Entity” means any (a) international, multinational, foreign, federal, state, local, municipal, or other government or political subdivision, (b) governmental or quasi‐governmental entity of any nature (including any governmental agency, branch, department, commission, board, bureau, official, or entity and any court or other tribunal) or (c) body exercising, or entitled to exercise any administrative, executive, judicial, legislative, police, regulatory, or taxing authority or power of any nature, including any arbitral tribunal.

“Granting Lender” as defined in Section 10.6(i).

“Grantor” as defined in the Amended and Restated Security Agreement.

“Guaranteed Obligations” means all Obligations; provided that, with respect to any Guarantor, “Guaranteed Obligations” shall exclude all Excluded Swap Obligations of such Guarantor.

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“Guarantor” means the Company (solely with respect to the Guaranteed Obligations in respect of (x) Obligations hereunder incurred by the Subsidiary Borrowers and (y) any Bank Product Agreement or any Secured Rate Contract entered into by any other Credit Party, and not with respect to its direct Obligations as a primary obligor under the Credit Documents) and each Guarantor Subsidiary, and, in each case, their respective successors and assigns.

“Guarantor Subsidiary” means each Domestic Subsidiary of the Company (other than an Excluded Subsidiary).  The Company may, in its sole discretion, cause any Subsidiary that is not required to be a Guarantor to guarantee the Obligations by causing such Subsidiary to execute a Counterpart Agreement, and any such Subsidiary shall be a Guarantor hereunder for all purposes; provided that with respect to any such election by the Company with respect to any Excluded Subsidiary of the type described in clauses (c), (d), (e) and (l) of the definition of “Excluded Subsidiary”, the Administrative Agent shall have consented (in its sole discretion) to such Subsidiary as a Guarantor taking into account the local laws and regulations in the jurisdiction of such Subsidiary’s organization and operations, and the availability and enforceability of guarantees and security to be provided by such Subsidiary, and all documentation of such guarantees and security and related filings (if applicable) shall be in form and substance reasonably satisfactory to the Administrative Agent and Collateral Agent.

“Guaranty” means the guaranty of each Guarantor set forth in Section 7.

“Hazardous Materials” means any chemical, material, substance or waste, exposure to which, or the Release of which, either is prohibited, limited or regulated by any Governmental Authority or may give rise to Environmental Liability.

“Hazardous Materials Activity” means any activity, event or occurrence involving any Hazardous Materials, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement, generation, transportation, processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing.

“Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from time to time may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a higher maximum non-usurious interest rate than applicable laws now allow.

“Historical Audited Financial Statements” means the audited consolidated balance sheets, and related audited consolidated statements of operations, comprehensive income, shareholders’ equity and cash flows of the Company and its Subsidiaries as of and for the Fiscal Year ended December 31, 2018.

“Historical Financial Statements” means, collectively, the Historical Audited Financial Statements and the Historical Unaudited Financial Statements.

“Historical Unaudited Financial Statements” means the unaudited condensed consolidated balance sheets, and related unaudited condensed consolidated statements of operations, comprehensive income and cash flows of the Company and its Subsidiaries as of and for the nine months ended September 27, 2019.

“IFRS” means the International Financial Reporting Standards, as promulgated by the International Accounting Standards Board and in effect from time to time.

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“Immaterial Subsidiary” means on any date, any Subsidiary of the Company that has less than 2.5% of Consolidated Total Assets of the Company and the Subsidiaries as reflected in the most recent financial statements delivered pursuant to Section 5.1(a) prior to such date (or, at any time prior to the first date after the Closing Date that financial statements have been delivered or are required to be delivered pursuant to Section 5.1(a), as reflected in the Historical Audited Financial Statements for the Fiscal Year ended December 31, 2018); provided that if, at any time and from time to time after the Closing Date (or such longer period as the Administrative Agent may agree in its sole discretion), Domestic Subsidiaries that are not Guarantors solely because they meet the threshold set forth above comprise in the aggregate more than (when taken together with the Consolidated Total Assets of the Subsidiaries of such Domestic Subsidiaries at the last day of the most recent Test Period) 5.0% of Consolidated Total Assets of the Company and the Subsidiaries as of the end of the most recently ended Test Period, then the Company shall, not later than forty-five (45) days after the date by which financial statements for such Test Period were required to be delivered pursuant to this Agreement (or such longer period as the Administrative Agent may agree in its reasonable discretion), cause one or more Domestic Subsidiaries to comply with the provisions of Section 5.10 with respect to any such Subsidiaries so that the foregoing condition ceases to be true.  All of the calculations set forth in this definition shall be on a Pro Forma Basis.

“Impacted Interest Period” has the meaning assigned to it in the definition of “Eurocurrency Rate.”

“Increased Cost Lender” as defined in Section 2.23.
    
“Incremental Amendment” as defined in Section 2.24(e).

“Incremental Amount” means $200,000,000.

“Incremental Facilities” as defined in Section 2.24(a).

“Incremental Loans” as defined in Section 2.24(a).

“Indebtedness” means, as applied to any Person and without duplication, (a) all indebtedness for borrowed money; (b) all obligations evidenced by bonds, debentures, notes or similar instruments (excluding performance, surety, statutory, appeal or similar bonds) which (in the case of such similar instruments only) are held by financial institutions; (c) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP as in effect on December 31, 2018; (d) any obligation owed for all or any part of the deferred purchase price of property or services, which purchase price is (A) due more than six months from the date of incurrence of the obligation in respect thereof or (B) evidenced by a note or similar written instrument (excluding (i) any such obligations incurred under ERISA, (ii) accounts payable, payroll and other liabilities and accrued expenses incurred in the ordinary course of business that are not overdue by more than one hundred eighty (180) from the date of incurrence of the obligations in respect thereof, (iii) accruals for payroll and other liabilities in the ordinary course of business and (iv) earn-outs, escrows, hold-backs and similar obligations incurred in connection with Permitted Acquisitions and other permitted Investments on market terms (as reasonably determined by the Company)); (e) contingent obligations in respect of the purchase price of property and services (excluding earn-outs, escrows, hold-backs and similar obligations incurred in connection with Permitted Acquisitions and other permitted Investments on market terms (as reasonably determined by the Company)); (f) the face amount of any letter of credit and performance, surety, statutory, appeal or similar bonds issued for the account of that Person or as to which that Person is otherwise liable for reimbursement of drawings; (g) Disqualified Capital Stock; (h) the direct or indirect guaranty of obligations, of the type in clauses (a)-(g) of this definition, of any other Person; (i) 

 36

obligations, of the type in clauses (a)-(g) of this definition, that are secured by a Lien on any property or asset owned or held by that Person regardless of whether such obligations are owed by or recourse to such Person; and (j) obligations of such Person in respect of any derivative transaction, including any Rate Contract, whether entered into for hedging or speculative purposes.  Notwithstanding the foregoing, for all purposes of this Agreement: (1) Indebtedness of any Person will (A) include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, except to the extent such Person’s liability for such Indebtedness is otherwise limited and only to the extent such Indebtedness would be included in the calculation of Consolidated Total Debt and (B) in the case of Non-Credit Parties, exclude loans and advances made by Credit Parties having a term not exceeding 364 days (inclusive of any roll over or extensions of terms) and made in the ordinary course of business solely to the extent the aggregate principal amount of all such loans and advances at any time outstanding does not exceed $10,000,000 solely to the extent that such intercompany loans and advances are evidenced by one or more notes in form and substance reasonably satisfactory to the Administrative Agent and pledged as Collateral; (2) with respect to clause (f) above, to the extent any letter of credit or bond issued for the benefit of the Company or any Subsidiary (a “Primary LC”) is supported (including any “back-to-back” arrangement) by a another letter of credit or bond (including any Letter of Credit hereunder) also issued for the benefit of the Company or any Subsidiary (the “Supporting LC”), to the extent that both such Primary LC and the relevant Supporting LC would constitute “Indebtedness” for any purpose under this Agreement, then the Primary LC and the relevant Supporting LC shall be deemed to be a single obligation in an amount equal to the amount of Indebtedness attributable to the Primary LC (and any corresponding amount of the Supporting LC that also would then constitute “Indebtedness” will be disregarded); (3) with respect to clause (i) above, the amount of Indebtedness of any Person will be deemed to be equal to the lesser of (x) the aggregate unpaid amount of such Indebtedness and (y) the fair market value (as determined by such Person in good faith) of the property encumbered thereby as determined by such Person in good faith; and (4) with respect to clause (j) above, in no event will obligations under any Rate Contract be deemed “Indebtedness” for the purpose of calculating any ratio contemplated by this Agreement.  Notwithstanding anything to the contrary in the foregoing, any Permitted Bond Hedge Transaction and any Permitted Warrant Transaction, in each case, shall not constitute Indebtedness.

“Indemnified Liabilities” means, collectively, any and all liabilities (including Environmental Liabilities), obligations, losses, damages (including natural resource damages), penalties, claims (including Environmental Claims), actions, judgments, suits, costs (including the costs of any Remedial Action), expenses and disbursements of any kind or nature whatsoever (including the reasonable and documented in reasonable detail fees and disbursements of counsel for Indemnitees in connection with any investigative, administrative or judicial proceeding or hearing commenced or threatened by any Person, whether or not any such Indemnitee will be designated as a party or a potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations and applicable Environmental Laws), on common law or equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of (a) this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby (including the Lenders’ agreement to make Credit Extensions or the use or intended use of the proceeds thereof, or any enforcement of any of the Credit Documents (including any sale of, collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty)); (b) any Fee Letter and any Contractual Obligation entered into in connection with any Approved Electronic Communications; (c) any Environmental Claim or any Hazardous Materials Activity relating to or arising from, directly or indirectly, any past or present activity, operation, land ownership, or practice of the Company or any Subsidiary; or (d) any actual or prospective investigation, litigation or other proceeding relating to any of the foregoing, whether or not brought by any such Indemnitee or any of its Related Persons, any holders 

 37

of securities or creditors (and including attorneys’ fees in any case), whether or not any such Indemnitee, Related Person, holder or creditor is a party thereto, and whether or not based on any securities or commercial law or regulation or any other Law or theory thereof, including common law, equity, contract, tort or otherwise.

“Indemnified Taxes” means (a) all Taxes other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Credit Party under any Credit Document, and (b) to the extent not otherwise described in (a), Other Taxes.

“Indemnitee” as defined in Section 10.3.

“Initial Credit Extension” as defined in Section 3.1.

“Initial Revolving Borrowing” means one or more borrowings of Revolving Loans on the Closing Date.

“Initial Revolving Commitment” means the commitment of a Lender set forth on Appendix A to make or otherwise fund any Revolving Loan and to acquire participations in Letters of Credit and Swing Line Loans hereunder, and “Initial Revolving Commitments” means such commitments of all of the Lenders in the aggregate.  The amount of each Lender’s Initial Revolving Commitment, if any, is subject to any adjustment or reduction pursuant to the terms and conditions hereof.  The aggregate amount of the Initial Revolving Commitments as of the Closing Date is $800,000,000.

“Intellectual Property” shall mean all rights, priorities and privileges relating to intellectual property, whether arising under United States of America, state, multinational or foreign laws or otherwise, including, without limitation: copyrights (including copyrights in software) whether registered or unregistered and all applications therefor, patents and certificates of invention, or similar industrial property rights, and applications therefor, software, trademarks (whether registered or unregistered and applications therefor), service-marks, technology, know-how and processes, formulas, trade secrets and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom.

“Intercreditor Agreement” means any Pari Passu Lien Intercreditor Agreement and any Junior Lien Intercreditor Agreement.

“Interest Coverage Ratio” means, as of any date, the ratio of (a) Consolidated Adjusted EBITDA to (b) Consolidated Interest Expense, in each case for the most recently ended Test Period as of such date, all of the foregoing determined on a Pro Forma Basis.

“Interest Payment Date” means with respect to (a) any Base Rate Loan, the last Business Day of each calendar quarter, commencing on the first such date to occur after the borrowing of such Loan and the final maturity date or conversion date of such Loan; and (b) any Eurocurrency Rate Loan, the last day of each Interest Period applicable to such Loan; provided that in the case of each Interest Period of longer than three months “Interest Payment Date” will also include each date that is three months, or an integral multiple thereof, after the commencement of such Interest Period.

“Interest Period” means, in connection with a Eurocurrency Rate Loan, an interest period of one-, two-, three- or six-months (or, if available, twelve-months or shorter periods, in each case, with the consent of each applicable Lender), as selected by the Company in the applicable Funding Notice or Conversion/Continuation Notice, (a) initially, commencing on the Credit Date or Conversion/Continuation Date thereof, as the case may be; and (b) thereafter, commencing on the day on 

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which the immediately preceding Interest Period expires; provided that (i) if an Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period will expire on the next succeeding Business Day unless no further Business Day occurs in such month, in which case such Interest Period will expire on the immediately preceding Business Day; (ii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) will, subject to clauses (iii) and (iv) of this definition, end on the last Business Day of a calendar month; and (iii) no Interest Period with respect to any portion of the Revolving Loans will extend beyond the Revolving Credit Commitment Termination Date applicable to such Revolving Loans.

“Interest Rate Determination Date” means, with respect to any Interest Period, the date that is two (2) Business Days prior to the first day of such Interest Period.

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

“Interpolated Rate” means, at any time, for any Impacted Interest Period, the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the longest period (for which the LIBO Screen Rate is available for the applicable currency) that is shorter than such Impacted Interest Period; and (b) the LIBO Screen Rate for the shortest period (for which that LIBO Screen Rate is available for the applicable currency) that exceeds such Impacted Interest Period, in each case, at such time; provided that if the Interpolated Rate as so determined for any Impacted Interest Period would be less than zero, such rate for such period shall be deemed to zero for purposes of this Agreement.

“Investment” means (a) any direct or indirect purchase or other acquisition by the Company or any Subsidiary, or of a beneficial interest in, any of the Securities of any other Person; (b) any direct or indirect redemption, retirement, purchase or other acquisition for value, by any Subsidiary from any Person, of any Capital Stock of such Person; (c) any direct or indirect loan, advance or capital contribution by the Company or any Subsidiary to any other Person, including all indebtedness and accounts receivable from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary course of business and (d) any acquisition, whether by purchase, merger or otherwise, of all or substantially all of the assets of, or a division, unit, business line or product line of, any other Person.  The amount of any Investment will be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect to such Investment.  Notwithstanding anything to the contrary in the foregoing, any Permitted Bond Hedge Transaction and any Permitted Warrant Transaction, in each case, shall not constitute Investments.

“IRS” means the United States Internal Revenue Service.

“Issuance Notice” means an Issuance Notice substantially in the form of Exhibit A-3.

“Issue” means, with respect to any Letter of Credit, to issue, extend the expiration date of, renew (including by failure to object to any automatic renewal on the last day such objection is permitted), increase the face amount of, or reduce or eliminate any scheduled decrease in the face amount of, such Letter of Credit, or to cause any Person to do any of the foregoing.  The terms “Issued” and “Issuance” have correlative meanings.

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“Issuing Bank” means each of (a) JPMorgan, BANA, Citizens and Wells Fargo, each in its capacity as an issuer of Letters of Credit hereunder, and (b) any (i) Lender, (ii) Affiliate of a Lender and (iii) other bank or legally authorized Person, in each case under this clause (b), that agrees to act in such capacity and reasonably acceptable to the Company and the Administrative Agent, in such Person’s capacity as an issuer of Letters of Credit hereunder, in each case with their respective permitted successors and assigns.
“Japanese Yen” means the lawful currency of Japan.
“Joint Bookrunners” means JPMorgan, BofA Securities, Inc. and Citizens, in their capacity as Joint Bookrunners.
“Joint Lead Arrangers” means JPMorgan, BofA Securities, Inc. and Citizens, in their capacity as Joint Lead Arrangers.
“Joint Venture” means (a) any Person which would constitute an “equity method investee” of the Company or any Subsidiary and (b) any Person in whom the Company or any of the Subsidiaries beneficially owns any Capital Stock that is not a Subsidiary (other than an Unrestricted Subsidiary); provided that in no event will any Subsidiary of any Person be considered a Joint Venture of such Person.

“Joint Venture Subsidiary” means any Subsidiary that is not wholly-owned, directly or indirectly, by the Company and the business and management thereof is jointly controlled by the holders of the Capital Stock in such Subsidiary pursuant to customary joint venture arrangements; provided that such Subsidiary does not have and is not liable in respect of any Indebtedness other than Indebtedness of such Subsidiary that is not recourse to the Company or any Subsidiary.

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

“Judgment Currency” as defined in Section 10.26(a).

“Junior Financing” means any Junior Lien Indebtedness and any Subordinated Debt.  For the avoidance of doubt, any Permitted Convertible Indebtedness shall not constitute Junior Financing.

“Junior Lien Indebtedness” means any Indebtedness of any Credit Party that is secured by Liens on Collateral that rank junior in priority to the Liens that secure the Obligations.

“Junior Lien Intercreditor Agreement” means an intercreditor agreement, in form and substance reasonably acceptable to the Company, the Collateral Agent, the Required Lenders and the applicable Debt Representatives for Junior Lien Indebtedness permitted hereunder.

“Kaman Lux” as defined in the preamble hereto.

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

“L/C Reimbursement Agreement” as defined in Section 2.4(a).

“Laws” means, with respect to any Person, (a) the common law and any federal, state, local, foreign, multinational or international statutes, laws, treaties, judicial decisions, standards, rules and regulations, guidances, guidelines, ordinances, rules, judgments, writs, orders, decrees, codes, plans, injunctions, permits, concessions, grants, franchises, governmental agreements and governmental restrictions (including administrative or judicial precedents or authorities), in each case whether now or 

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hereafter in effect, and (b) the interpretation or administration thereof by, and other determinations, directives, requirements or requests of, any Governmental Authority, in each case whether or not having the force of law and that are applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

“LCA Election” as defined in Section 1.5.

“LCA Test Date” as defined in Section 1.5.

“Lender” means, collectively, (a) each Person listed on the signature pages hereto as a Lender holding a Revolving Credit Commitment or a Loan on the Closing Date and (b) any other Person (other than a Natural Person) that becomes a party hereto pursuant to an Assignment Agreement and holds a Revolving Credit Commitment or a Loan.  Unless the context clearly indicates otherwise, the term “Lenders” will include the Swing Line Lender.  Notwithstanding the foregoing, any Disqualified Lender that purports to become a Lender hereunder, and to which the Company has not consented in writing to allow to become a Lender hereunder, shall be deemed for all purposes to be a Defaulting Lender (except for purposes of cash collateralization to the extent required by Section 2.22) until such time as such Disqualified Lender no longer owns any Loans or Revolving Credit Commitments and shall not be entitled to receive confidential information or attend Lender meetings.

“Lending Office” means, with respect to any Lender, the office or offices of such Lender specified as its “Lending Office” beneath its name on Appendix B hereto or in the administrative questionnaire delivered by such Lender to the Company and the Administrative Agent, or, in each case, such other office or offices of such Lender as it may from time to time notify the Company and the Administrative Agent.

“Letter of Credit” means a commercial, trade or standby letter of credit Issued or to be Issued by an Issuing Bank pursuant to this Agreement.

“Letter of Credit Obligations” means all outstanding obligations incurred by any Issuing Bank or any Lender at the request of the Company, whether direct or indirect, contingent or otherwise, due or not due, in connection with the Issuance or any other amendment to Letters of Credit by any Issuing Bank or the purchase of a participation as set forth in Section 2.4(e) with respect to any Letter of Credit.  The amount of such Letter of Credit Obligations will equal the maximum amount that may be payable by the Issuing Banks and the Lenders thereupon or pursuant thereto; provided that such calculation will, with respect to Alternative Currency Letters of Credit, be made using the Dollar Equivalent of such Alternative Currency Letters of Credit (or obligations owing with respect thereto).

“Letter of Credit Sub-limit” means, as of any date of determination, an amount equal to (a) the lower of (i) $375,000,000 and (ii) the aggregate amount of the Revolving Credit Commitments as of such date minus (b) the Total Utilization of Revolving Credit Commitments as of such date, minus (c) the aggregate face amount of all letters of credit issued for the account of the Company or any Subsidiary in reliance on Section 6.1(n).
“Letter of Credit Usage” means, as at any date of determination, the sum of (a) the maximum aggregate amount which is, or at any time thereafter may become, available for drawing under all Letters of Credit then outstanding, and (b) the aggregate amount of all drawings under Letters of Credit honored by the Issuing Banks and not theretofore reimbursed by or on behalf of the Company; provided that such calculation will, with respect to Alternative Currency Letters of Credit, be made using the Dollar Equivalent of such Alternative Currency Letters of Credit (or amounts owing with respect thereto).

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“Liabilities” means all claims, actions, suits, judgments, damages, losses, liability, obligations, responsibilities, fines, penalties, sanctions, costs, fees, Taxes, commissions, charges, disbursements and expenses (including those incurred upon any appeal or in connection with the preparation for and/or response to any subpoena or request for document production relating thereto), in each case of any kind or nature (including interest accrued thereon or as a result thereto and fees, charges and disbursements of financial, legal and other advisors and consultants), whether joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise.

“LIBO Screen Rate” means, for any day and time, with respect to any Eurocurrency Rate Loan for any applicable currency and for any Interest Period, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for the relevant currency for a period equal in length to such Interest Period as displayed on such day and time on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion); provided that if the LIBO Screen Rate as so determined would be less than zero, such rate shall be deemed to zero for the purposes of this Agreement.

“Lien” means (a) any lien, mortgage, pledge, assignment, hypothecation, security interest, charge or encumbrance of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, and any lease in the nature thereof) and any option, trust or other preferential arrangement having the practical effect of any of the foregoing and (b) in the case of Securities, any purchase option, call or similar right of a third party with respect to such Securities provided that in no event shall an operating lease in and of itself be deemed a Lien. For the avoidance of doubt, any Permitted Convertible Indebtedness, Permitted Bond Hedge Transaction or Permitted Warrant Transaction, in each case, shall not constitute Liens.

“Limited Condition Acquisition” means any Permitted Investment by the Company and/or one or more Subsidiaries the consummation of which is not conditioned on the availability of, or on obtaining, third party financing.

“Liquidity” means, as of any date of determination, the sum of (a) the aggregate amount of all Unrestricted and Unencumbered Cash as of such date plus (b) an amount equal to the amount by which (i) the aggregate Revolving Credit Commitments outstanding as of such date exceed (ii) the Total Utilization of Revolving Credit Commitments as of such date; provided that the aggregate amount pursuant to this clause (b) shall not exceed the maximum additional amount that the Company could borrow under the Revolving Credit Commitments while maintaining Pro Forma compliance with the Total Net Leverage Ratio in Section 6.7(a).

“Loan” means a Revolving Loan (including any Incremental Loan) or a Swing Line Loan

“Local Time” means (a) New York City time in the case of a Loan, Credit Extension or L/C Disbursement denominated in Dollars and (b) local time in the case of a Loan, Credit Extension or L/C Disbursement denominated in an Alternative Currency (it being understood that such local time shall mean London, England time unless otherwise notified by the Administrative Agent).

“Margin Stock” means “margin stock” as such term is defined in Regulation U of the Board of Governors as in effect from time to time.

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“Material Adverse Effect” means any of the following: (a) any materially adverse effect on the business, operations, properties, assets or financial condition of the Company and the Subsidiaries, taken as a whole; (b) any material impairment of the ability of the Credit Parties, when taken as a whole, to fully and timely perform their respective Obligations; (c) any material impairment of the legality, validity, binding effect or enforceability against a Credit Party of a Credit Document to which it is a party; or (d) any material impairment of the rights, remedies and benefits available to, or conferred upon, any Agent and any Lender or any Secured Party under any Credit Document.

“Material Indebtedness” means Indebtedness of the Company or any of its Subsidiaries with an aggregate principal amount (including undrawn commitments) in excess of $25,000,000.

“Material Permitted Investment” means any Permitted Investment for which the aggregate consideration paid or to be paid exceeds $125,000,000; provided that if the consideration for such Permitted Investment (a) is denominated in any currency other than Dollars, then for purposes of this definition the amount thereof shall be converted by the Company to Dollars based on the relevant currency exchange rate in effect on the date the definitive agreement for such Permitted Investment was effective and (b) includes any deferred, contingent or earn-out consideration, then such deferred, contingent or earn-out portion of the consideration shall be included in the determination of Permitted Investment to the extent it would appear as a liability on a balance prepared in accordance with GAAP as of any applicable date of determination.

“Maximum Refinancing Amount” means, with respect to any Permitted Refinancing or other refinancing, the principal amount (including interest paid in kind or otherwise capitalized to principal) and/or undrawn commitments, as applicable, of such Refinanced Indebtedness plus the sum of (i) the amount of all accrued and unpaid interest on such Refinanced Indebtedness, (ii) the amount of any premiums (including tender premiums), make-whole amounts or penalties on such Refinanced Indebtedness, (iii) the amount of all fees (including any exit consent fees) on such Refinanced Indebtedness, (iv) the amount of all fees (including arrangement, commitment, structuring, underwriting, ticking, amendment, closing and other similar fees), commissions, costs, expenses and other amounts associated with such Refinancing Indebtedness and (v) the amount of all original issue discount and upfront fees associated with such Refinancing Indebtedness (“Refinancing Amount”); provided that (1) to the extent on the date of such Permitted Refinancing the Company has capacity under the clause of Section 6.1 pursuant to which such Refinanced Indebtedness was initially incurred (or to which such Refinanced Indebtedness at such time has been classified, as applicable) to incur an additional principal amount of Indebtedness of the same type as the Refinanced Indebtedness (“Additional Incurrence Capacity”), then the Company and the Subsidiaries may incur Refinancing Indebtedness in an aggregate principal amount not to exceed the maximum Additional Incurrence Capacity if greater than the Refinancing Amount; provided further, that the amount of Refinancing Indebtedness incurred in reliance on the Additional Incurrence Capacity will be considered to have been incurred under the clause of Section 6.1 pursuant to which such Refinanced Indebtedness was initially incurred (or to which such Refinanced Indebtedness at such time has been classified, as applicable).

“Moody’s” means Moody’s Investor Services, Inc.

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

“NAIC” means The National Association of Insurance Commissioners and any successor thereto.

    

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“Narrative Report” means, with respect to the financial statements for which such narrative report is required, a customary (for the syndicated loan market) summary narrative report describing the results of operations and financial condition of the Company and the Subsidiaries in the form prepared for presentation to senior management thereof for the applicable Fiscal Quarter or Fiscal Year and for the period from the beginning of the Fiscal Year in which such Fiscal Quarter occurs to the end of such Fiscal Quarter.

“Natural Person” means a natural person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person.
    
“Net Cash Proceeds” means:

(a)with respect to any Asset Sale or Casualty Event, an amount equal to: (i) cash payments (including any cash received by way of release from escrow or deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) received by the Company or any Subsidiary from such Asset Sale, minus (ii) any bona fide direct costs incurred in connection with such Asset Sale, including (A) Taxes payable in connection with such Asset Sale (including Taxes imposed on the distribution or repatriation of such Net Cash Proceeds), (B) payment of the outstanding principal amount of, premium or penalty, if any, interest and breakage costs on any Indebtedness (other than the Revolving Loans) that is secured by a Lien on the stock or assets in question (and, to the extent such stock or assets constitute Collateral, which Lien is senior to the Lien of Agent or is pari passu with the Lien of Agent to the extent permitted hereunder) and that is required to be repaid under the terms thereof as a result of such Asset Sale, (C) a reserve for any purchase price adjustment or indemnification payments (fixed or contingent) established in accordance with GAAP or attributable to seller’s indemnities and representations and warranties to purchaser in respect of such Asset Sale undertaken by the Company or any Subsidiary in connection with such Asset Sale, (D) the out-of-pocket expenses, costs and fees (including with respect to legal, investment banking, brokerage, advisor and accounting and other professional fees, sales commissions and disbursements, survey costs, title insurance premiums and related search and recording charges, transfer Taxes and deed or mortgage recording Taxes or following a Casualty Event, restoration costs) in each case actually incurred in connection with such sale or disposition and payable to a Person that is not an Affiliate of the Company, (E) in the case of any Asset Sale or Casualty Event by a non-wholly-owned Subsidiary, the pro rata portion of the Net Cash Proceeds thereof attributable to minority interests and not available for distribution to or for the account of the Company as a result thereof and (F) any reserve for adjustment in respect of (x) the sale price of such asset or assets established in accordance with GAAP and (y) any liabilities associated with such asset or assets and retained by the Company or any Subsidiary after such sale or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such transaction, it being understood that “Net Cash Proceeds” shall include the amount of any reversal (without the satisfaction of any applicable liabilities in cash in a corresponding amount) of any reserve described in this subclause (F)); and

(b)with respect to the sale, incurrence or issuance of any Indebtedness by the Company or any Subsidiary, the excess, if any, of (A) the sum of all cash and Cash Equivalents received in connection with such incurrence or issuance, over (B) the sum of all Taxes paid or reasonably estimated to be payable as a result thereof, all fees (including investment banking fees, attorneys’ fees, accountants’ fees, underwriting fees and discounts), commissions, costs and other out-of-pocket expenses and all other customary expenses, in each case incurred by the Company or such Subsidiary in connection with such sale, incurrence or issuance.

“Non-Consenting Lender” as defined in Section 2.23.

    

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“Non-Credit Party” means any Subsidiary that is not a Credit Party.

“Non-Guarantor Investment Cap” means, as of any date of determination, the greater of (a) $22,500,000 and (b) 15% of TTM Consolidated Adjusted EBITDA (calculated as of the end of the Fiscal Quarter for which financial statements were most recently delivered pursuant to Section 5.1(a) or (b) or, if prior to the first to occur of (x) the date for delivery of the first financial statements to be delivered pursuant to such Sections and (y) the date of actual delivery of such first financial statements, the most recent financial statements referred to in Section 4.4).

“Non-U.S. Lender” means a Lender (including any Issuing Bank) that is not a United States person as defined in Section 7701(a)(30) of the Internal Revenue Code.

“Nonpublic Information” means material information with respect to the Company, or any Subsidiary or their respective securities which has not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD.

“Note” means a Revolving Loan Note or a Swing Line Note. 

“Notice” means a Funding Notice, an Application, an Issuance Notice or a Conversion/Continuation Notice.

“Notice of Intent to Cure” as defined in Section 5.1(e).

“NYFRB” means the Federal Reserve Bank of New York.

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or, for any day that is not a Business Day, for the immediately preceding Business Day); provided, however, that, if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” means the rate for a Federal funds transaction quoted at 11:00 a.m., New York City time, on such day to the Administrative Agent from a federal funds broker of recognized standing selected by it; provided further, however, that if any of the aforesaid rates shall be less than zero, then such rate shall be deemed to be zero for all purposes of this Agreement. 

“Obligations” means all obligations of every nature of each Credit Party from time to time owed to any Agent (including any former Agent), any Lender, any Issuing Bank, any Indemnitee or any other Secured Party under any Credit Document (including, without limitation, Letter of Credit Obligations), any obligations owed to any Secured Swap Provider under any Secured Rate Contract, or any obligations owed to any Bank Product Provider in respect of Bank Product Obligations under any Bank Product Agreement, in each case, whether for principal, premium, interest (including interest premiums, fees and other amounts incurred during the pendency of any bankruptcy, insolvency, receivership or similar proceeding, whether or not due and payable and whether or not allowed or allowable in such proceeding), reimbursement of amounts drawn under Letters of Credit payments for early termination of Secured Rate Contracts, fees, expenses, indemnification or otherwise.

“Obligee Guarantor” as defined in Section 7.6.

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

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“OFAC Lists” means, collectively, the SDN List and/or any other list of terrorists or other restricted Persons maintained pursuant to any of the rules and regulations of OFAC or pursuant to any applicable executive orders.

“Organizational Documents” means (a) with respect to any corporation, its certificate or articles of incorporation or organization, as amended, and its by-laws, as amended, (b) with respect to any limited partnership, its certificate of limited partnership, as amended, and its partnership agreement, as amended, (c) with respect to any general partnership, its partnership agreement, as amended, and (d) with respect to any limited liability company, its articles of organization or articles of association, as applicable, as amended, and its operating agreement, as amended.  In the event any term or condition of this Agreement or any other Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational Document” will only be to a document of a type customarily certified by such governmental official.

“Original Credit Agreement” as defined in the recitals hereto.

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Credit Document, except any such Taxes that are imposed as a result of a present or former connection between a Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Credit Document or sold or assigned an interest in any Loan or Credit Document) imposed with respect to an assignment (other than an assignment made pursuant to Section 2.23).

“Overnight Bank Funding Rate” means, for any date, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depositary institutions, as such composite rate shall be determined by the NYFRB as set forth on the Federal Reserve Bank of New York’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

“Parent” means, with respect to any Company, any Person (a) of which the Company is a direct or indirect Subsidiary and (b) which does not own directly any Subsidiaries other than (i) the Company or (ii) any other Parent of the Company.

“Pari Passu Lien Indebtedness” means any Indebtedness of a type referred to in clauses (a), (b) or (h) (solely to the extent relating to clause (a) or (b) of the definition of Inedebtedness) of the definition thereof (and specifically excluding any Indebtedness of a type referred to in clause (c) of the definition thereof) permitted by this Agreement, in each case of any Credit Party that is secured by Liens on Collateral that rank pari passu in priority with the Liens on Collateral that secure the Initial Revolving Commitments.

“Pari Passu Lien Intercreditor Agreement” means an intercreditor agreement among the Collateral Agent and one or more Debt Representatives for Pari Passu Lien Indebtedness permitted hereunder, and acknowledged by the Company and the Guarantors, in form and substance reasonably acceptable to the Company, the Collateral Agent and the applicable Debt Representatives for such Pari Passu Lien Indebtedness.

“Participant Register” as defined in Section 10.6(g).

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

“PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001, as amended from time to time.

“Payment Office” means the office of the Administrative Agent set forth on Appendix B hereto, or such other office or Person as the Administrative Agent may hereafter designate in writing as such to the other parties hereto.

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

“Pension Funding Rules” means the rules of the Internal Revenue Code and ERISA regarding minimum required contributions (including any installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date as to such Pension Plan of the Pension Protection Act of 2006, Section 412 of the Internal Revenue Code and Section 302 of ERISA each as in effect prior to the Pension Protection Act of 2006 and, thereafter, Sections 412 and 430 of the Internal Revenue Code and Sections 302 and 303 of ERISA.

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

“Perfection Certificate” shall mean a certificate in the form of Exhibit J or any other form approved by the Administrative Agent, as the same shall be supplemented from time to time.

“Permitted Acquisition” means the purchase or other acquisition of property and assets or Business of any Person or of assets constituting a business unit, a line of business or division of such Person, a facility or Capital Stock in a Joint Venture or other Capital Stock in another Person that, upon the consummation thereof, will be a Subsidiary (including as a result of a merger or consolidation) or, in the case of a purchase or acquisition of assets (other than Capital Stock), will be owned by the Company and/or any one or more Subsidiaries; provided that:
(a)subject to the provisions of Section 1.5 to the extent an LCA Election has been made with respect to such acquisition, immediately prior to and after giving effect thereto, no Event of Default has occurred and is continuing;

(b)the Person, assets or division acquired are in the same business as the Business engaged in by the Company and the Subsidiaries on the Closing Date, after giving effect to the Transactions, or other similar, ancillary or related business, or reasonable or logical extensions of such Business;

(c)subject to the provisions of Section 1.5 to the extent an LCA Election has been made with respect to such acquisition, immediately prior to and after giving Pro Forma effect thereto, the Company is in compliance with the Financial Covenants as of the last day of the most recently ended Test Period; 

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(d)to the extent any acquired Person is required to become a Guarantor, the Company takes all actions required by Sections 5.10 and 5.11, as applicable; provided that the Company and the Guarantor Subsidiaries shall not make Permitted Acquisitions of Persons that do not become Guarantor Subsidiaries (or pay for the purchase of assets that are acquired directly by Non-Credit Parties) for aggregate consideration (determined as of the date of making any such Investment, and (x) after giving effect to clause (1) in the last paragraph of Section 6.6 and (y) as reduced by the aggregate Net Cash Proceeds received by the Credit Parties (including to the extent received by any Non-Credit Party and distributed to any Credit Party) from any Asset Sales of the Capital Stock of any Non-Credit Party so acquired or of assets owned by Non-Credit Parties so acquired, including in reliance on Section 6.8(l)) in excess of the Non-Guarantor Investment Cap; and 

(e)such Permitted Acquisition has been approved by (i) a majority of the Persons comprising the board of directors or equivalent governing body of the Person selling such assets (in the case of an asset acquisition), (ii) the Persons representing a majority of the Voting Capital Stock of the Person being acquired (in the case of an acquisition of Capital Stock) or (iii) to the extent required by applicable Law or such Person’s Organizational Documents, the Persons specified in both of the foregoing clauses (i) and (ii).

“Permitted Bond Hedge Transaction” means (a) each Specified Bond Hedge Transaction and (b) any other call or capped call option (or substantively equivalent derivative transaction) relating to the Company’s common stock (or other Capital Stock, securities or property following a merger event or other change of the common stock of the Company) purchased by the Company in connection with the issuance of any Permitted Convertible Indebtedness; provided that the sum of (x) the purchase price for such Permitted Bond Hedge Transaction minus (y) the proceeds received by the Company from the sale of any related Permitted Warrant Transaction, does not exceed the net proceeds received by the Company from the issuance of such Permitted Convertible Indebtedness in connection with such Permitted Bond Hedge Transaction.

“Permitted Convertible Indebtedness” means (a) any Specified Convertible Notes and (b) any other Indebtedness of the Company that is convertible into common stock of the Company (or other Capital Stock, securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that (i) the terms, conditions and covenants of such Indebtedness shall be customary for convertible Indebtedness of such type (as determined by the Company in good faith); (ii) such Indebtedness is an unsecured obligation of the Company that is not guaranteed by any Subsidiary; and (iii) such Indebtedness has a maturity date that is not prior to the date specified in clause (a) of the definition of Revolving Credit Commitment Termination Date.

“Permitted Investment” means any Permitted Acquisition or other similar acquisition or Investment permitted under the Credit Documents.

“Permitted Liens” as defined in Section 6.2.

“Permitted Refinancing” means, with respect to any specified Indebtedness of any Person (“Refinanced Indebtedness”), any modification, refinancing, refunding, replacement, renewal, extension, defeasance or discharge (the Indebtedness incurred to effect such modification, refinancing, refunding, replacement, renewal, extension, defeasance or discharge, “Refinancing Indebtedness”) of such Refinanced Indebtedness; provided that:

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(a)the principal amount (and/or undrawn commitments, as applicable) of such Refinancing Indebtedness is not greater than the Maximum Refinancing Amount;

(b)except with respect to Indebtedness of the Company and the Subsidiaries incurred pursuant to Section 6.1(c) or (d), has a scheduled final maturity that is no sooner than, and a Weighted Average Life to Maturity that is no shorter than, the final scheduled final maturity date and Weighted Average Life to Maturity of such Refinanced Indebtedness;

(c)the only obligors in respect of such Refinancing Indebtedness are the obligors on such Refinanced Indebtedness; provided that, in the case of a Permitted Refinancing that occurs in connection with a Permitted Investment, additional Persons that are created or acquired as part of such Permitted Investment may be added as obligors to the Refinancing Indebtedness;

(d)the other terms applicable to such new Indebtedness are either (i) substantially identical to, or (taken as a whole as determined by the Company in good faith) no more favorable to the lenders or holders providing such Indebtedness than, those applicable to such Refinanced Indebtedness or (ii) otherwise on customary market terms (taken as a whole as determined by the Company in its reasonable judgment), including with respect to high yield debt securities to the extent applicable; provided that the Company will promptly deliver to the Administrative Agent final copies of the definitive credit documentation relating to such Indebtedness (unless the Company or applicable Subsidiary is bound by a confidentiality obligation with respect thereto, in which case the Company will deliver a reasonably detailed description of the material terms and conditions of such Indebtedness in lieu thereof);

(e)to the extent such Refinanced Indebtedness is Subordinated Debt, such Refinancing Indebtedness is Subordinated Debt; and

(f)to the extent such Refinanced Indebtedness is secured by Liens on any property or assets of the Company or any Subsidiary, such Refinancing Indebtedness is either (i) secured by Liens on property and assets that are not Collateral or (ii) secured by Liens on Collateral; provided that (x) if such Refinanced Indebtedness is Junior Lien Indebtedness, the Refinancing Indebtedness also is Junior Lien Indebtedness on intercreditor terms at least as favorable to the Lenders as those contained in the intercreditor documentation governing the Refinanced Indebtedness and (y) if such Refinanced Indebtedness is Pari Passu Lien Indebtedness, the Refinancing Indebtedness is either Pari Passu Lien Indebtedness on intercreditor terms at least as favorable to the Lenders as those contained in the intercreditor documentation governing the Refinanced Indebtedness (as reasonably determined by the Company in good faith) or Junior Lien Indebtedness subject to a Junior Lien Intercreditor Agreement;

provided further, in the case of clauses (d), (e) and (f) of this definition, a certificate of the Company delivered to the Administrative Agent at least four (4) Business Days prior to the incurrence of such Refinancing Indebtedness (or such shorter period as may be agreed by the Administrative Agent), together with a reasonably detailed description of the material covenants and events of default of such Refinancing Indebtedness or drafts of the documentation relating thereto, stating that the Company has reasonably determined in good faith that such terms and conditions satisfy the requirements of such clause shall be conclusive evidence that such terms and conditions satisfy the foregoing requirements unless the Administrative Agent notifies the Company within such four (4) Business Day period that it disagrees with such determination (including a reasonably detailed description of the basis upon which it disagrees).
“Permitted Supplier Financing Arrangement” means (1) the Existing Permitted Supplier Financing Arrangements and (2) any other transaction or transactions whereby the Company or any of its Subsidiaries sells a portion of its accounts receivable owing by a customer of the Company or such 

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Subsidiary at the request of such customer (and, for the avoidance of doubt, not with respect to accounts receivable of the Company or any of its Subsidiaries generally) and:
(a)the Company or such Subsidiary, prior to entering into such transaction, shall have provided the Administrative Agent with copies of all documentation regarding such Permitted Supplier Financing Arrangements and, to the extent such documentation is not in form and substance substantially similar to the documentation attached hereto as Exhibit L, such documentation shall otherwise be in form and substance satisfactory to the Administrative Agent;

(b)all or substantially all of the proceeds of such transaction are received in cash;

(c)the aggregate amount of the accounts receivable sold pursuant to all such transactions shall not exceed $62,500,000 during any Fiscal Quarter and $250,000,000 during any Fiscal Year;

(d)such transaction shall be without recourse to the Company and its Subsidiaries other than customary recourse terms provided for in the applicable documentation (in connection with customary representations made with respect to the applicable receivables);

(e)any discount rate applicable to such transaction shall be reasonable and customary based on market terms at such time; and 

(f)prior to and after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing.

“Permitted Warrant Transaction” means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) relating to the Company’s common stock (or other Capital Stock, securities or property following a merger event or other change of the common stock of the Company) and/or cash (in an amount determined by reference to the price of such common stock) sold by the Company substantially concurrently with any purchase by the Company of a related Permitted Bond Hedge Transaction.
“Person” means and includes Natural Persons, corporations, limited partnerships, general partnerships, limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and Governmental Authorities.

“Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established, maintained or contributed to by the Company or any other Borrower or, with respect to any such plan that is subject to the Pension Funding Rules, any ERISA Affiliate.

“Platform” as defined in Section 5.1(n).

“Pledgor” as defined in the Amended and Restated Securities Pledge Agreement.

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

“Pro Forma” or “Pro Forma Basis” means, with respect to the calculation the Senior Secured Net Leverage Ratio, the Total Net Leverage Ratio, the Interest Coverage Ratio, any Financial Covenant or for any other pro forma calculation called for by this Agreement to be made Pro Forma or on a Pro Forma 

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Basis, as of any time, that pro forma effect will be given to the Transactions, any Permitted Investment, or any other Specified Transaction (including any such transaction prior to the Closing Date), as follows:

(a)with respect to any incurrence, assumption, guarantee, redemption or permanent repayment of Indebtedness, such ratio will be calculated giving pro forma effect thereto as if such incurrence, assumption, guarantee, redemption or permanent repayment of indebtedness had occurred on the first day of such Test Period;

(b)with respect to the Transactions, acquisitions prior to the Closing Date, any Permitted Investment or other permitted Investment or the redesignation of an Unrestricted Subsidiary, such ratio or other calculation will be calculated giving pro forma effect thereto as if such action occurred on the first day of such Test Period in a manner consistent, where applicable, with the pro forma adjustments (along with the limitations pertaining thereto) set forth in the definition of “Consolidated Adjusted EBITDA” (including for the amount of “run-rate” cost savings, operating expense reductions and synergies  (in the manner set forth therein) in connection with the Transactions and acquisitions that occurred prior to the Closing Date, in each case, which cost savings, operating expense reductions and synergies will be calculated as though such cost savings, operating expense reductions and synergies had been realized on the first day of the Test Period for which Consolidated Adjusted EBITDA is being determined);

(c)with respect to any merger, sale, transfer or other disposition, and the designation of an “Unrestricted Subsidiary,” such ratio will be calculated giving pro forma effect thereto as if such action had occurred on the first day of such Test Period; and

(d)all Indebtedness assumed to be outstanding pursuant to preceding clause (a) shall be deemed to have borne interest at (i) in the case of fixed rate indebtedness, the rate applicable thereto, or (ii) in the case of floating rate Indebtedness, (x) with respect to any portion of the relevant Test Period that such Indebtedness was outstanding, the actual rates applicable thereto and (y) with respect to any portion of the relevant Test Period that such Indebtedness was not in fact outstanding (or if such Indebtedness was not outstanding at any time during the relevant Test Period), the rate applicable thereto as of the applicable date of determination as if such rate had been the applicable rate for such portion of the Test Period (or the entire Test Period), in any such case under this clause (ii), after giving effect to the operation of any Rate Contracts applicable to such floating rate Indebtedness).
For purposes of the calculation of Total Net Leverage Ratio as used in Section 6.7(a), such calculation shall be made on the last day of the applicable Test Period, and no Pro Forma effect shall be given to any Specified Transaction that is consummated after the last day of such Test Period.
“Pro Rata Share” means with respect to all payments, computations and other matters relating to the Revolving Credit Commitment or Revolving Loans of any Lender or any Letters of Credit Issued or participations purchased therein by any Lender or any participations in any Swing Line Loans purchased by any Lender, the percentage obtained by dividing (i) the Revolving Credit Exposure of that Lender by (ii) the aggregate Revolving Credit Exposure of all of the Lenders.  For all other purposes with respect to each Lender, “Pro Rata Share” means the percentage obtained by dividing (A) an amount equal to the Revolving Credit Exposure of that Lender, by (B) an amount equal to the aggregate Revolving Credit Exposure of all of the Lenders.  Notwithstanding the foregoing, with respect to any payment by the Company upon exercise of its option in Section 2.22(e), such payment shall be made to the Administrative Agent for further payment only to the applicable Defaulting Lender, and no other Lender or Secured Party shall be entitled to a Pro Rata Share of such payment.

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

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“Public Lender” as defined in Section 5.1(n).

“Purchase Money Indebtedness” means Indebtedness of the Company or any Subsidiary incurred for the purpose of financing all or any part of the purchase price or cost of acquisition, repair, construction or improvement of property or assets used or useful in the business of the Company and the Subsidiaries, taken as a whole.

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Credit Party that has assets exceeding $10,000,000 at the time the relevant Guaranty or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other Person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another Person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

“Rate Contracts” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, interest rate options, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, forward foreign exchange transactions, currency swap transactions, cross-currency rate swap transactions, currency options, derivative transactions, insurance transactions, cap transactions, floor transactions, collar transactions, spot contracts, or any other similar transactions or any combination of any of the foregoing whether relating to interest rates, commodities, investments, securities, currencies or any other reference measure (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.  Notwithstanding anything to the contrary in the foregoing, any Permitted Bond Hedge Transaction and any Permitted Warrant Transaction, in each case, shall not constitute Rate Contracts of the Company.

“Real Estate Asset” means, at any time of determination, (a) any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property and (b) any improvements on any real property described in the preceding clause (a).

“Recipient” means (a) the Administrative Agent or (b) any Lender, as applicable.

“Refinanced Indebtedness” means, (a) with respect to any Permitted Refinancing, as defined in the definition thereof and (b) with respect to any other refinancing, the obligations being refinanced.

“Refinancing Indebtedness” means, (a) with respect to any Permitted Refinancing, as defined in the definition thereof and (b) with respect to any other refinancing, the new obligations being incurred the proceeds of which will be used to refinance other obligations.

“Refunded Swing Line Loans” as defined in Section 2.3(b)(iv).

“Register” as defined in Section 2.7(b).

“Regulation D” means Regulation D of the Board of Governors, as in effect from time to time.

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“Regulation FD” means Regulation FD as promulgated by the U.S. Securities and Exchange Commission under the Securities Act and Exchange Act as in effect from time to time.

“Reimbursement Date” as defined in Section 2.4(d).

“Related Person” means, with respect to any Person, each Affiliate of such Person, and each director, officer, employee, partner, agent, trustee or other representative of or to such Person or any of its Affiliates.

“Relevant Governmental Body” means the Board of Governors and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors and/or the Federal Reserve Bank of New York or, in each case, any successor thereto.

“Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material).

“Remedial Action” means all actions required pursuant to applicable Environmental Laws to (a) clean up, remove, treat or in any other way address any Hazardous Material in the indoor or outdoor environment, (b) prevent or minimize any Release so that a Hazardous Material does not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment or (c) perform pre-remedial studies and investigations and post-remedial monitoring and care with respect to any Hazardous Material.

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

“Required Lenders” means, as of any date of determination, Revolving Lenders having or holding more than 50% of the aggregate Revolving Credit Exposure of all Revolving Lenders; provided that the Revolving Credit Exposure of or held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders; provided further if at any time there are two or more unaffiliated Revolving Lenders, then “Required Lenders” shall include at least two such unaffiliated Revolving Lenders.

“Reset Date” as defined in Section 1.6(c).

“Responsible Officer” means the chief executive officer, president or chief financial officer of the Company.

“Restricted Debt Payment” means any payment of principal of, or any payment of any premium, if any, or interest on, or fees on, or indemnities or expenses owing to any holder of, or redemption, purchase, retirement, defeasance (including in substance or legal defeasance), sinking fund or similar payment, in each case prior to the stated maturity or due date thereof, with respect to any Junior Financing.
    
“Restricted Lender” as defined in Section 5.7.

“Revolving Credit Commitment” means (a) the Initial Revolving Commitments and (b) each additional commitment of a Lender to make or otherwise fund any Revolving Loan (including any Incremental Loan) and to acquire participations in Letters of Credit and Swing Line Loans hereunder, and 

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“Revolving Credit Commitments” means such commitments of all of the Lenders in the aggregate.  The amount of each Lender’s Revolving Credit Commitment is set forth on Appendix A, in the applicable Assignment Agreement, if applicable, or in the Incremental Amendment evidencing an Incremental Facility, if applicable, and in each case is subject to any adjustment or reduction pursuant to the terms and conditions hereof.

“Revolving Credit Commitment Period” means the period from and including the Closing Date to but excluding the Revolving Credit Commitment Termination Date.

“Revolving Credit Commitment Termination Date” means the earliest to occur of (a) the fifth anniversary of the Closing Date, as extended in accordance with this Agreement from time to time solely with respect to any Extended Revolving Credit Commitments, as applicable, (b) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b), and (c) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2(a).

“Revolving Credit Exposure” means, with respect to any Lender as of any date of determination, (a) prior to the termination of the Revolving Credit Commitments, that Lender’s Revolving Credit Commitment; and (b) after the termination of the Revolving Credit Commitments, the sum of (i) the aggregate outstanding principal amount of the Revolving Loans of that Lender, (ii) in the case of an Issuing Bank, the aggregate Letter of Credit Usage in respect of all Letters of Credit Issued by that Lender (net of any participations by the Lenders in such Letters of Credit), (iii) the aggregate amount of all participations by that Lender in any outstanding Letters of Credit or any unreimbursed drawing under any Letter of Credit (it being understood that such calculation will, with respect to Alternative Currency Letters of Credit, be made using the Dollar Equivalent of any such amounts), (iv) in the case of the Swing Line Lender, the aggregate outstanding principal amount of all Swing Line Loans (net of any participations therein by the Lenders), and (v) the aggregate amount of all participations therein by that Lender in any outstanding Swing Line Loans.

“Revolving Credit Limit” means, as of any date of determination, the aggregate amount of the Revolving Credit Commitments as of such date.

“Revolving Lender” means a Lender that has a Revolving Credit Commitment or, after the termination thereof, Revolving Credit Exposure.

“Revolving Loan” means a Loan made by a Lender to any Borrower pursuant to Section 2.2(a).

“Revolving Loan Note” means a promissory note in the form of Exhibit B-1, as it may be amended, supplemented or otherwise modified from time to time.

“RWG Germany” as defined in the preamble hereto.

“S&P” means Standard & Poor’s Ratings Services, or any successor entity thereto.

“Sale Leaseback Transaction” means an arrangement relating to real property now owned or hereafter acquired by the Company or a Subsidiary whereby the Company or such Subsidiary transfers such real property to a Person and the Company or such Subsidiary leases it from such Person, other than leases between the Company and a Subsidiary or between Subsidiaries.

“Sanctioned Country” means, at any time, any country or territory, or whose government is, the subject or target of any Sanctions (including as of the Closing Date, but not limited to, the Crimea region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria).

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“Sanctions” means any of the Laws relating to terrorism, economic sanctions, export controls or money laundering implemented pursuant to (i) Executive Order No. 13224, (ii) the PATRIOT Act, (iii) the Laws comprising or implementing the Bank Secrecy Act, or (iv) the export controls and economic and financial sanctions or trade embargoes enacted, imposed, administered and enforced from time to time by (a) the U.S. government, including those administered by OFAC, the U.S. Department of State or the U.S. Department of Commerce, (b) the European Union or any of its member states, (c) Her Majesty’s Treasury of the United Kingdom or (d) any other relevant sanctions authority of a jurisdiction where the Company and the Subsidiaries operate the Business.

“SDN List” means the Specially Designated Nationals and Blocked Persons List maintained by OFAC.

“Secured Party” means the Administrative Agent, the Collateral Agent, each other Agent (including any former Agent), each Lender, each Issuing Bank, each other Indemnitee solely to the extent of any outstanding claim under Section 10.2 or for Indemnified Liabilities of such Indemnitee pursuant to and in accordance with Section 10.3, each Secured Swap Provider and each Bank Product Provider.

“Secured Rate Contract” means any Rate Contract between the Company and/or any Subsidiary, on the one hand, and a Secured Swap Provider, as the counterparty thereto, that is entered into not for speculative purposes.

“Secured Swap Provider” means (a) an Agent or a Lender or an Affiliate of an Agent or a Lender, (b) any Person who was an Agent or a Lender or an Affiliate of an Agent or a Lender at the time of execution and delivery of the applicable Rate Contract, or (c) any assignee of any of the foregoing.

“Securities” means any Capital Stock, voting trust certificates, certificates of interest or participation in any profit-sharing agreement or arrangement, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing.

“Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute.

“Senior Secured Net Leverage Ratio” means, as of any date, the ratio of (a)(i) Consolidated Total Debt that is secured by a Lien on any asset or property of the Company or any of its Subsidiaries outstanding as of the last day of the most recently ended Test Period, minus (ii) all Unrestricted and Unencumbered Cash in excess of $25,000,000 that is in a Controlled Account as of the last day of the most recently ended Test Period to (b) Consolidated Adjusted EBITDA for the most recently ended Test Period, all of the foregoing determined on a Pro Forma Basis.

“SOFR” with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator), on the Federal Reserve Bank of New York’s Website.

“SOFR-Based Rate” means SOFR, Compounded SOFR or Term SOFR.

“Solvent” means, with respect to any Person, that as of the date of determination, (a) the fair value of the assets of the Company and the Subsidiaries, on a consolidated basis, exceeds their debts and liabilities, subordinated, contingent or otherwise, on a consolidated basis, (b) the present fair saleable 

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value of the property of the Company and the Subsidiaries, on a consolidated basis, is greater than the amount that will be required to pay the probable liability, on a consolidated basis, of their debts and other liabilities, subordinated, contingent or otherwise, on a consolidated basis, as such debts and other liabilities become absolute and matured, (c) the Company and the Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities, subordinated, contingent or otherwise, on a consolidated basis, as such liabilities become absolute and matured, and (d) the Company and the Subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in, business for which they have unreasonably small capital.

“SPC” as defined in Section 10.6(i).
    
“Specified Bond Hedge Transactions” means each capped call transaction entered into by the Company and (i) Bank of America, N.A, dated May 8, 2017, (ii) Bank of America, N.A, dated May 22, 2017, (iii) JPMorgan Chase Bank, National Association, London Branch, dated May 8, 2017, (iv) JPMorgan Chase Bank, National Association, London Branch, dated May 22, 2017, (v) UBS AG, London Branch, dated May 8, 2017, and (vi) UBS AG, London Branch, dated May 22, 2017. 

“Specified Convertible Notes” means the Company’s 3.25% Convertible Senior Notes due May 1, 2024 issued pursuant to that certain Indenture, dated as of May 12, 2017, by and between the Company and U.S. Bank National Association, as trustee.

“Specified Representations” means the representations and warranties set forth in Sections 4.1(a), 4.1(b)(ii), 4.2, 4.3(a)(i)(1), 4.4, 4.12, 4.13, 4.16, 4.17(b) (generally, with respect to Patriot Act and anti-money laundering laws, and otherwise, solely to the extent of the use of proceeds of the applicable Credit Extension) and 4.19.

“Specified Transaction” means any Permitted Investment or other acquisition (including acquisition of a book of business) or Investment, any issuance, incurrence, assumption, guarantee, redemption or permanent repayment of indebtedness (including indebtedness issued, incurred or assumed as a result of, or to finance, any relevant transaction), the creation of any Lien, any designation or re-designation of an “Unrestricted Subsidiary,” any merger or other fundamental change, all sales, transfers and other dispositions or discontinuance of any Subsidiary, line of business or division, any Restricted Debt Payment to the extent otherwise permitted under this Agreement.

“Statutory Reserves” means, for any day during any Interest Period for any Eurocurrency Rate Loan, the aggregate maximum rate (expressed as a decimal) at which reserves (including any marginal, supplemental, special or emergency reserves) are required to be maintained with respect thereto during such Interest Period under regulations issued by the Board of Governors against Eurocurrency funding liabilities (currently referred to as “Eurocurrency liabilities” (as such term is used in Regulation D)).  Such reserves shall include those imposed under Regulation D.  Eurocurrency Rate Loans will be deemed to constitute “Eurocurrency Liabilities” (as defined in Regulation D) and to be subject to such reserve requirements without benefit of or credit for proration, exceptions or offsets which may be available from time to time to any Lender under Regulation D.

“Subordinated Debt” means, collectively, any Indebtedness permitted to be incurred hereunder that is subject to a Subordination Agreement made by the holders or lenders of such Indebtedness (or a Debt Representative with respect thereto) in favor of the Obligations.  For the avoidance of doubt, (x) no Indebtedness will be construed to be Subordinated Debt due to the fact that such Indebtedness is unsecured or secured by Liens that rank junior in priority to any other Liens and (y) no Permitted Convertible Indebtedness will be construed to be Subordinated Debt unless such Permitted Convertible 

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Indebtedness is expressly subordinated in right of payment to the Obligations pursuant to the terms of the documentation governing such Permitted Convertible Indebtedness.

“Subordination Agreement” means, collectively, each agreement with respect to Indebtedness (other than the Obligations) that provides that such Indebtedness is expressly subordinated in right of payment to the payment of the Obligations, the terms of which must be reasonably satisfactory to the Required Lenders.  For the avoidance of doubt, neither the subordination of the priority of any Lien securing any Indebtedness (other than the Obligations), nor the fact that any Indebtedness is unsecured, shall be construed to be the subordination of such Indebtedness in right of payment to the Obligations.

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; provided that in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in the nature of a “qualifying share” of the former Person will be deemed to be outstanding.  For purposes of this Agreement, except to the extent expressly stated otherwise, (a) references to any “Subsidiary” will mean a Subsidiary of the Company and (b) with respect to the Company or any of their respective direct or indirect subsidiaries, references to “Subsidiary” will not include any Unrestricted Subsidiary.

“Subsidiary Borrower” means, collectively, (i) RWG Germany, (ii) Kaman Lux, and (iii) any other Eligible Subsidiary that becomes a Subsidiary Borrower pursuant to Section 2.25 and, in each case, that has not ceased to be a Subsidiary Borrower pursuant to Section 2.25.

“Subsidiary Borrower Agreement” means a Subsidiary Borrower Agreement substantially in the form of Exhibit K-1.

“Subsidiary Borrower Termination” means a Subsidiary Borrower Termination substantially in the form of Exhibit K-2.

“Successor Reference Rate” as defined in Section 2.18(c).

“Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.  Notwithstanding anything to the contrary in the foregoing, any Permitted Bond Hedge Transaction and any Permitted Warrant Transaction, in each case, shall not constitute Swap Obligations of the Borrower.

“Swing Line Lender” means BANA, in its capacity as Swing Line Lender hereunder, or, upon the resignation of BANA as the Swing Line Lender hereunder, any Lender (or Affiliate or Approved Fund of any Lender) that agrees, with the approval of the Administrative Agent (or, if there is no such successor Administrative Agent, the Required Lenders) and the Company, to act as the Swing Line Lender hereunder or any replacement Swing Line Lender in accordance with Section 2.3(c).

“Swing Line Loan” means a Loan made by the Swing Line Lender to any Borrower pursuant to Section 2.3.

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“Swing Line Loan Outstandings” means, at any time of calculation, the then existing aggregate outstanding principal amount of Swing Line Loans.
    
“Swing Line Note” means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

“Swing Line Refunding Notice” as defined in Section 2.3(b)(iv).

“Swing Line Sub-limit” means, as of any date of determination, the lower of the following amounts: (a) $50,000,000 and (b) the aggregate amount of the Revolving Credit Commitments as of such date minus the Total Utilization of Revolving Credit Commitments as of such date.

“Swiss Francs” means the lawful currency of Switzerland.

“Syndication Agents” means Bank of America, N.A. and Citizens Bank, N.A., each in its capacity as syndication agent under this Agreement.

“Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction or withholding (including backup withholding) of any nature and whatever called, levied, collected, withheld or assessed by any Governmental Authority, together with any interest thereon, additions to tax or penalties imposed with respect thereto.

“Term SOFR” means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.
    
“Terminated Lender” as defined in Section 2.23.

“Termination Conditions” means that the Revolving Credit Commitments have been terminated, the principal of and interest on each Loan, all fees and all other expenses or amounts payable under any Credit Document (other than amounts in respect of indemnification, expense reimbursement, yield protection or Tax gross-up and contingent obligations, in each case that are not then owing or with respect to which no claim has been made) have been paid in full and all Letters of Credit have been cancelled, or have expired or have been cash collateralized or otherwise backstopped in a manner satisfactory to the applicable Issuing Bank.

“Test Period” in effect at any time means the most recent period of four consecutive Fiscal Quarters of the Company ended on or prior to such time (taken as one accounting period) in respect of which financial statements for each Fiscal Quarter (or the Fiscal Year) in such period have been delivered or are required to have been delivered pursuant to Section 5.1(a) or (b), as applicable; provided that, prior to the first date after the Closing Date that any such financial statements have been delivered or are required to have been delivered, the Test Period in effect will be the period of four consecutive Fiscal Quarters of the Company ended September 27, 2019 (with “TTM Consolidated Adjusted EBITDA” determined as set forth in the definition thereof).  A Test Period may be designated by reference to the last day thereof (i.e., the “September 27, 2019 Test Period” refers to the period of four consecutive Fiscal Quarters ended on September 27, 2019) or by reference to the applicable fiscal period (i.e., references to the “Q4-2019 Test Period” and the “Fiscal Year 2019 Test Period” also both refer to the period of four consecutive Fiscal Quarters ended on December 31, 2019), and a Test Period will be deemed to end on the last day thereof.

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“Total Leverage Ratio” means, as of any date, the ratio of (a) Consolidated Total Debt outstanding as of the last day of the most recently ended Test Period to (b) Consolidated Adjusted EBITDA for the most recently ended Test Period, all of the foregoing determined on a Pro Forma Basis.

“Total Net Leverage Ratio” means, as of any date, the ratio of (a)(i) Consolidated Total Debt outstanding as of the last day of the most recently ended Test Period, minus (ii) all Unrestricted and Unencumbered Cash in excess of $25,000,000 that is in a Controlled Account as of the last day of the most recently ended Test Period to (b) Consolidated Adjusted EBITDA for the most recently ended Test Period, all of the foregoing determined on a Pro Forma Basis.

“Total Utilization of Revolving Credit Commitments” means, as at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loan or reimbursing the applicable Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (b) the aggregate principal amount of all outstanding Swing Line Loans, and (c) the Letter of Credit Usage.

“Transaction Costs” means the fees, costs and expenses paid or payable by the Company, the Subsidiary Borrowers or the other Subsidiaries in connection with the Transactions paid on or about the Closing Date.

“Transactions” means the Initial Credit Extension, the deemed reissuance of Existing Letters of Credit as Letters of Credit hereunder, the payment of the Transaction Costs, and the other transactions consummated (or to be consummated) on or about the Closing Date.

“TTM Consolidated Adjusted EBITDA” means, as of any date of determination, the Consolidated Adjusted EBITDA for the four consecutive Fiscal Quarters most recently ended prior to such date for which financial statements have been delivered or were required to have been delivered pursuant to Section 5.1(a) or (b) (or, in the case of a determination date that occurs prior to the first such delivery pursuant after the Closing Date, for the four consecutive Fiscal Quarters ended as of September 27, 2019 as set forth in the definition of “Consolidated Adjusted EBITDA”), on a Pro Forma Basis.

“Type of Loan” means (a) with respect to Revolving Loans, a Base Rate Loan or a Eurocurrency Rate Loan, and (b) with respect to Swing Line Loans, a Base Rate Loan.

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

“Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment; provided that, if the Unadjusted Benchmark Replacement as so determined would be less than zero, the Unadjusted Benchmark Replacement will be deemed to be zero for the purposes of this Agreement.

“Undisclosed Administration” means the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator with respect to a Lender or its direct or indirect parent under or pursuant to the law in the country where such Lender or parent is subject to home jurisdiction supervision, if applicable law requires that such appointment is not to be publicly disclosed.

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

“Unrestricted and Unencumbered Cash” means the sum of the aggregate amount of cash and Cash Equivalents held in accounts of the Company and the Subsidiaries reflected in the combined consolidated balance sheet of the Company and the Subsidiaries to the extent that (a) it would not appear as “restricted” on the combined consolidated balance sheet of the Company and the Subsidiaries (unless such appearance is related to the Credit Documents (or the Liens created thereunder)), (b) it is not subject to any Lien other than (i) Liens in favor of the Collateral Agent for the benefit of the Secured Parties, (ii) Permitted Liens arising in the ordinary course of business (including those of a type described in Section 6.2(i), (l), (n), (o), (p), (x), (z) and (aa)), or (iii) Liens in favor of any other Person the priority of which is subordinated to the priority of the Liens securing the Obligations pursuant to a Junior Lien Intercreditor Agreement, and (c) for purposes of calculating any of the Senior Secured Net Leverage Ratio or the Total Net Leverage Ratio, it does not represent the cash proceeds of any Indebtedness then being incurred.

“Unrestricted Subsidiary” means, as of any date, collectively and individually, any direct or indirect subsidiary (determined in accordance with the definition of “Subsidiary” but without giving effect to clause (b) of the last sentence thereof) of the Company identified by the Company in writing to the Administrative Agent as being an “Unrestricted Subsidiary” pursuant to Section 5.13; provided that (a) except to the extent provided in Section 5.13, no Subsidiary may be designated (or re-designated) as an Unrestricted Subsidiary, (b) no Person may be designated as an “Unrestricted Subsidiary” if such Person is not an “Unrestricted Subsidiary” or is a “Guarantor” under any agreement, document or instrument evidencing any Material Indebtedness, or any Permitted Refinancing in respect of the foregoing, or has otherwise guaranteed or given assurances of payment or performance under or in respect of any such Indebtedness.  For purposes of calculating Investments permitted under Section 6.6, (i) the designation of any Subsidiary as an “Unrestricted Subsidiary” will constitute an Investment in an amount equal to the fair market value of such Subsidiary, determined as of the date of such designation by the Company in its good faith and reasonable business judgment, (ii) the aggregate amount of all Investments permitted to be made in all “Unrestricted Subsidiaries” will be limited as provided in Section 6.6 and (iii) the designation of any Unrestricted Subsidiary as a Subsidiary shall constitute the incurrence of any Indebtedness and Liens and the making of any Investments of such Subsidiary existing at such time and shall constitute a return on any Investment by the Company in such Subsidiary in an amount equal to the fair market value at the date of such designation of the Company’s or its Subsidiary’s (as applicable) Investment in such Subsidiary; and (c) no Person may be designated as an “Unrestricted Subsidiary” or thereafter continue to constitute an Unrestricted Subsidiary if such Person proposed to be designated as an Unrestricted Subsidiary owns, licenses or holds other rights in any Intellectual Property that is material to the business of the Company and its other Subsidiaries taken as a whole.  On the Closing Date, immediately after giving effect to the Transactions, there are no Unrestricted Subsidiaries.

“U.S.” or “United States” means United States of America.

“U.S. Lender” means each Lender (including any Issuing Bank) that is a United States person as defined in Section 7701(a)(30) of the Internal Revenue Code.

“Voting Capital Stock” means, with respect to any Person, shares of such Person’s Capital Stock having the right to vote for the election of directors of such Person and any other Capital Stock of such Person treated as voting stock for purposes of Treasury Regulation Section 1.956-2(c)(2).

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“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness; provided that for purposes of determining the Weighted Average Life to Maturity of (i) any Refinanced Indebtedness or (ii) any Indebtedness that is being modified, refinanced, refunded, renewed, replaced or extended (in any such case, the “Applicable Indebtedness”), the effects of any amortization payments or other prepayments made on such Applicable Indebtedness (including the effect of any prepayment on remaining scheduled amortization) prior to the date of the applicable modification, refinancing, refunding, renewal, replacement, extension or incurrence shall be disregarded.

“Wells Fargo” means Wells Fargo Bank, National Association.

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

1.2Accounting Terms.  Except as otherwise expressly provided herein (including as set forth in the definition of Capital Lease), all accounting terms not otherwise defined herein will have the meanings assigned to them in conformity with GAAP.  Financial statements and other information required to be delivered by the Company to the Lenders pursuant to Sections 5.1(a) and 5.1(b) will be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in Section 5.1(f), if applicable).  If at any time any change in GAAP would affect the computation of any financial ratio or financial requirement, or compliance with any covenant, set forth in any Credit Document, and either the Company or the Required Lenders will so request, the Administrative Agent, the Lenders and the Company will negotiate in good faith to amend such ratio, requirement or covenant to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that until so amended, (a) such ratio, requirement or covenant will continue to be computed in accordance with GAAP prior to such change therein and (b) the Company will provide to the Administrative Agent and the Lenders reconciliation statements to the extent provided in Section 5.1(f), if applicable.  Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein will be construed, and all computations of amounts and ratios referred to in Section 5 and Section 6 will be made, without giving effect to (a) any election under FASB Accounting Standards Codification 825-10 (or successor FASB Standard or IFRS equivalent, in each case having a similar result or effect) to value any Indebtedness or other Liabilities of any Credit Party or any Subsidiary of any Credit Party at “fair value” and (b) any treatment of Indebtedness in respect of convertible debt instruments under FASB Accounting Standards Codification 470-20 (or any successor FASB Standard or IFRS equivalent, in each case having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof.  For the avoidance of doubt, and without limitation of the foregoing, Permitted Convertible Indebtedness shall at all times be valued at the full stated principal amount thereof and shall not include any reduction or appreciation in value of the shares deliverable upon conversion thereof.  Subject to the foregoing, calculations in connection with the definitions, covenants and other provisions hereof may utilize accounting principles and policies in conformity with those used to prepare the Historical Financial Statements.

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1.3Interpretation, etc.  Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on the reference.  References to “hereof” or “herein” mean of or in this Agreement, as applicable.  References herein to any Section, Appendix, Schedule or Exhibit will be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided.  The use herein of the word “include” or “including,” when following any general statement, term or matter, will not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather will be deemed to refer to all other items or matters that fall within the broadest possible scope of such general statement, term or matter.  The terms lease and license will include sub-lease and sub-license, as applicable.  Unless the context requires otherwise, any definition of or reference to any agreement, instrument or other document (including any Organizational Document) will be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Credit Document).  Any reference herein to any Person will be construed to include such Person’s successors and permitted assigns.  The words “asset” and “property” will be construed to have the same meaning and effect.  The word “will” shall be construed to have the same meaning and effect as the word “shall.”  Any reference to any law or regulation will (i) include all statutory and regulatory provisions consolidating, replacing or interpreting or supplementing such law or regulation and (ii) unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time.  This Section 1.3 will apply, mutatis mutandis, to all Credit Documents.

1.4Certifications.  Any certificate or other writing required hereunder or under any other Credit Document to be certified by any officer or other authorized representative of any Person will be deemed to be executed and delivered by such officer or other authorized representative solely in such individual’s capacity as an officer or other authorized representative of such Person and not in such officer’s or other authorized representative’s individual capacity.

1.5Limited Condition Acquisitions.  Notwithstanding anything in this Agreement or any Credit Document to the contrary, when (a)(i) calculating any applicable ratio (other than the Total Net Leverage Ratio required by Section 6.7(a) or the Interest Coverage Ratio required by Section 6.7(b)) or the use of any basket, (ii) determining the accuracy of the representations and warranties set forth in Section 4 hereof or in any other Credit Document or (iii) determining satisfaction of any conditions precedent (other than compliance with the Total Net Leverage Ratio required by Section 6.7(a) or the Interest Coverage Ratio required by Section 6.7(b)), in the case of each of clause (i), (ii) and (iii), in connection with any Specified Transaction or (b) determining compliance with any provision that requires that no Default or Event of Default has occurred is continuing or would result therefrom (other than a Default or Event of Default resulting from non-compliance with the Total Net Leverage Ratio required by Section 6.7(a) or the Interest Coverage Ratio required by Section 6.7(b)), in each case of (a) and (b) in connection with a Limited Condition Acquisition, the date of determination of such ratio and determination of such compliance will, at the option of the Company (the Company’s election to exercise such option in connection with any Limited Condition Acquisition, an “LCA Election”), be deemed to be the date the definitive agreements for such Limited Condition Acquisition are entered into (the “LCA Test Date”).  If on a Pro Forma Basis after giving effect to such Limited Condition Acquisition and the other Specified Transactions to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) determined as if such Limited Condition Acquisition or other transactions had occurred at the beginning of the most recently ended Test Period ending prior to the LCA Test Date for which financial statements are delivered (or were required to have been delivered), the Company could have taken such action on the relevant LCA Test Date in compliance with the applicable ratios and other conditions, then such provisions will be deemed to have been complied with, 

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unless an Event of Default pursuant to Section 8.1(a), (f) or (g) will be continuing on the date such Limited Condition Acquisition is consummated.  For the avoidance of doubt, (i) if any of such ratios are exceeded or conditions are not satisfied as a result of fluctuations in such ratio or for any other reason (other than an Event of Default pursuant to Section 8.1(a), (f) or (g)) (including due to fluctuations in Consolidated Adjusted EBITDA) at or prior to the consummation of the relevant Limited Condition Acquisition, such ratios and other provisions will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether the Limited Condition Acquisition is permitted hereunder and (ii) such ratios and compliance with such conditions will not be tested at the time of consummation of such Limited Condition Acquisition or related Specified Transactions, unless on such date an Event of Default pursuant to Section 8.1(a), (f) or (g) will be continuing.  If the Company has made an LCA Election for any Limited Condition Acquisition, then in connection with any subsequent calculation of any ratio or basket availability with respect to any other Specified Transaction on or following the relevant LCA Test Date and prior to the earlier of the date on which such Limited Condition Acquisition is consummated or the date that the definitive agreement for such Limited Condition Acquisition is terminated or expires without consummation of such Limited Condition Acquisition, any such ratio or basket will be calculated on a Pro Forma Basis assuming such Limited Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof and the use of cash which would have otherwise constituted Unrestricted and Unencumbered Cash for the purpose of calculating any applicable ratio) have been consummated until such time as the applicable Limited Condition Acquisition has actually closed or the definitive agreement with respect thereto has been terminated or expires.

1.6Currency Conversion and Fluctuations.

(a)If more than one currency or currency unit are at the same time recognized by the central bank of any country as the lawful currency of that country, then (i) any reference in the Credit Documents to, and any obligations arising under the Credit Documents in, the currency of that country shall be translated into or paid in the currency or currency unit of that country designated by the Administrative Agent and (ii) any translation from one currency or currency unit to another shall be at the official rate of exchange recognized by the central bank for conversion of that currency or currency unit into the other, rounded up or down (to the next 1/16 of 1%) by the Administrative Agent as it deems appropriate.

(b)If a change in any currency of a country occurs, this Agreement shall be amended (and each party hereto agrees to enter into any supplemental agreement necessary to effect any such amendment) to the extent that the Administrative Agent determines such amendment to be necessary to reflect the change in currency and to put the Lenders in the same position, so far as possible, that they would have been in if no change in currency had occurred.

(c)No later than 11:00 a.m. London time on each Calculation Date, the Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to each applicable currency; provided that, upon receipt of an Application or Issuance Notice for an Alternative Currency Letter of Credit pursuant to Section 2.4(b), the Administrative Agent shall determine the Exchange Rate with respect to the relevant currency on the related Calculation Date (it being acknowledged and agreed that the Administrative Agent shall use such Exchange Rate for the purposes of determining compliance with Section 2.4(a) with respect to such Application).  The Exchange Rates so determined shall become effective on the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than Section 10.26 and any other provision expressly requiring the use of a current Exchange Rate) be the Exchange Rates employed in converting any amounts between Dollars and any other currency.  For 

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purposes of 2.4(g), the Alternative Currency L/C Exposure shall be calculated using the applicable Exchange Rate on the date notice demanding cash collateralization is delivered to the Company.

(d)No later than 11:00 a.m. London time on each Reset Date, the Administrative Agent shall determine the aggregate amount of the Dollar Equivalents of (i) all Loans and (ii) all Letter of Credit Obligations, in each case then outstanding that are denominated in an Alternative Currency, and shall promptly notify the Company and the Issuing Banks of such amounts.

(e)The Administrative Agent shall promptly notify the Company of each determination of an Exchange Rate hereunder.

(f)Any amount specified in this Agreement (other than in Section 2 and Section 10) or any of the other Credit Documents to be in Dollars shall also include the equivalent of such amount in any currency other than Dollars, such equivalent amount thereof in the applicable currency to be determined by the Administrative Agent at such time on the basis of the Spot Rate for the purchase of such currency with Dollars. The “Spot Rate” for a currency means the rate determined by Administrative Agent to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two (2) Business Days prior to the date of such determination; provided that Administrative Agent may obtain such spot rate from another financial institution designated by Administrative Agent if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency.

(g)Except as otherwise specified, wherever in this Agreement in connection with a Credit Extension, a conversion, continuation or prepayment of a Loan, an amount, such as, without limitation, a required minimum or multiple, is expressed in Dollars, but such Loan is denominated in an Alternative Currency, such amount shall be the equivalent amount thereof in such Alternative Currency as determined by the Administrative Agent at such time on the basis of the Spot Rate for the purchase of such Alternative Currency with Dollars of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 and greater of a unit being rounded upward), as determined by Administrative Agent.

(h)For the avoidance of doubt, in the case of a Loan denominated in an Alternative Currency, all interest shall accrue and be payable thereon based on the actual amount outstanding in such Alternative Currency (without any translation into the Dollar Equivalent thereof).

1.7Divisions.   For all purposes under the Credit Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws) (a “Division”): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Capital Stock at such time.

1.8Interest Rates; LIBOR Notification.  The interest rate on Eurocurrency Rate Loans is determined by reference to the Eurocurrency Rate, which is derived from the London interbank offered rate.  The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market.  In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the 

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London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurocurrency Rate Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate.  Upon the occurrence of a Benchmark Transition Event or an Early Opt-In Election, Section 2.18(c) provides a mechanism for determining an alternative rate of interest.  The Administrative Agent will promptly notify the Company, pursuant to Section 2.18(c), of any change to the reference rate upon which the interest rate on Eurocurrency Rate Loans is based.  However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “Eurocurrency Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation, (i) any such alternative, successor or replacement rate implemented pursuant to Section 2.18(c), whether upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, and (ii) the implementation of any Benchmark Replacement Conforming Changes pursuant to Section 2.18(c)), including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the Eurocurrency Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

1.9German Terms.   In this Agreement, where it relates to a German entity, a reference to: (a) "Organizational Documents" shall include (if applicable) a copy of an up-to-date commercial register extract (Handelsregisterausdruck), its articles of association (Satzung) or partnership agreement (Gesellschaftsvertrag), copies of any by-laws, a list of shareholders (Gesellschafterliste) and (b) "Resolutions of the board of directors or similar governing body" shall include a copy of a resolution signed by all the holders of the issued shares of such entity and (if applicable) a resolution of the supervisory board (Aufsichtsrat) and/or advisory board (Beirat) of such entity, approving the terms of, and the transactions contemplated by the Credit Documents. 

1.10Luxembourg Terms.  Without prejudice to the generality of any provision of this Agreement, in this Agreement where it relates to a Credit Party incorporated or established in Luxembourg, a reference to:

(a)a winding-up, administration or dissolution includes, without limitation, bankruptcy (faillite), insolvency, liquidation, composition with creditors (concordat préventif de la faillite), moratorium or suspension of payments (sursis de paiement), controlled management (gestion contrôlée), fraudulent conveyance (action paulienne), general settlement with creditors, reorganization or similar laws affecting the rights of creditors generally;

(b)a receiver, administrative receiver, administrator, trustee, custodian, sequestrator, conservator or similar officer includes, without limitation, a juge délégué, commissaire, juge-commissaire, mandataire ad hoc, administrateur provisoire, liquidateur or curateur;

(c)a lien or security interest includes any hypothèque, nantissement, gage, privilège, sûreté réelle, droit de rétention, and any type of security in rem (sûreté réelle) or agreement or arrangement having a similar effect and any transfer of title by way of security;

(d)creditors process means an executory attachment (saisie exécutoire) or a conservatory attachment (saisie conservatoire); and

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(e)a person being unable to pay its debts includes that person being in a state of cessation de paiements.

SECTION  2.LOANS AND LETTERS OF CREDIT

2.1[Reserved].

2.2Revolving Loans.

(a)Revolving Credit Commitments.  Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make Revolving Loans denominated in Dollars or in one or more Alternative Currencies to the Borrowers during the Revolving Credit Commitment Period in an aggregate amount up to but not exceeding such Lender’s Revolving Credit Commitment; provided that after giving effect to each making of Revolving Loans (i) the Dollar Equivalent of the Total Utilization of Revolving Credit Commitments does not exceed the Revolving Credit Limit and (ii) if such borrowing is denominated in an Alternative Currency, the Dollar Equivalent of the Total Utilization of Revolving Credit Commitments denominated in Alternative Currencies then outstanding does not exceed the Alternative Currency Sub-limit.  Amounts borrowed pursuant to this Section 2.2(a) may be repaid and reborrowed during the Revolving Credit Commitment Period; provided that amounts borrowed in an Alternative Currency must be repaid in the applicable Alternative Currency.  Each Lender’s Revolving Credit Commitment will expire on the Revolving Credit Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Credit Commitments will be paid in full no later than such date.

(b)Borrowing Mechanics for Revolving Loans.

(i)Revolving Loans that are Base Rate Loans will be made in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount, and Revolving Loans that are Eurocurrency Rate Loans will be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount.  For the avoidance of doubt, Revolving Loans denominated in an Alternative Currency shall be Eurocurrency Rate Loans.  Notwithstanding the foregoing, with respect to Loans denominated in an Alternative Currency, at the commencement of each Interest Period for any Eurocurrency Rate Loan, such Loans shall be in an aggregate amount that is an integral multiple of $500,000 (or, if such Loan is denominated in (i) Japanese Yen, ¥50,000,000 and (ii) an Alternative Currency other than Japanese Yen, 500,000 units of such currency) and not less than $1,000,000 (or, if such Loan is denominated in (i) Japanese Yen, ¥100,000,000 and (ii) an Alternative Currency other than Japanese Yen, 1,000,000 units of such currency); provided that the Company and the Administrative Agent may agree other minimum amounts and integral multiples in excess thereof for specific Alternative Currencies.

(ii)Whenever a Borrower desires that the Lenders make Revolving Loans, such Borrower will deliver to the Administrative Agent by Electronic Transmission a fully executed and delivered Funding Notice no later than 11:00 a.m. (New York City time) on the Business Day of the proposed Credit Date in the case of a Revolving Loan that is a Base Rate Loan, and 11:00 a.m. (Local Time) at least three (3) Business Days in advance of the proposed Credit Date in the case of a Eurocurrency Rate Loan; provided that any such notice of a Base Rate Loan to finance the reimbursement of an L/C Disbursement as contemplated by Section 2.4(d) may be given not later than 10:00 a.m., New York City time, on the date of the proposed Credit Extension.  Except with respect 

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to a Funding Notice for borrowings of Revolving Loans on the Closing Date (which may be conditional on consummation of the Closing Date) and as otherwise provided herein, a Funding Notice for a Revolving Loan that is a Eurocurrency Rate Loan will be irrevocable on and after the related Interest Rate Determination Date, and the applicable Borrower will be bound to make a borrowing in accordance therewith.

(iii)Notice of receipt of each Funding Notice in respect of Revolving Loans, together with the amount of each Lender’s Pro Rata Share thereof, if any, together with the applicable interest rate, will be provided by the Administrative Agent to each applicable Lender by Electronic Transmission with reasonable promptness.

(iv)Each Lender will make the amount of its Revolving Loan available to the Administrative Agent (A) in the case of Loans denominated in Dollars, not later than 12:00 noon (New York City time) on the applicable Credit Date by wire transfer of same day funds in Dollars at the Payment Office, (B) in the case of Loans denominated in Alternative Currencies (other than Swiss Francs), by 12:00 noon, Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for such currency and at such Eurocurrency Payment Office for such currency and (C) in the case of each Loan denominated in Swiss Francs, by 8:00 a.m., Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for such currency and at such Eurocurrency Payment Office for such currency; provided that Swingline Loans shall be made as provided in Section 2.3.  Except as provided herein, upon satisfaction or waiver of the applicable conditions precedent specified herein, the Administrative Agent will make the proceeds of such Revolving Loans available to the Borrowers on the applicable Credit Date by causing an amount of same day funds equal to the proceeds of all such Revolving Loans received by the Administrative Agent from the Lenders to be credited to the account of the applicable Borrower at the Payment Office or such other account as may be designated in writing to the Administrative Agent by applicable Borrower.  Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such Loan in accordance with the terms of this Agreement.

2.3Swing Line Loans.

(a)Swing Line Loans Commitments.  During the Revolving Credit Commitment Period, subject to the terms and conditions hereof, the Swing Line Lender hereby agrees to make Swing Line Loans to the Company in Dollars; provided that after giving effect to the making of any Swing Line Loan, in no event will (i) the Swing Line Loan Outstandings exceed the Swing Line Sub-limit then in effect or (ii) the Dollar Equivalent of the Total Utilization of Revolving Credit Commitments exceeds the Revolving Credit Limit.  Amounts borrowed pursuant to this Section 2.3 may be repaid and reborrowed during the Revolving Credit Commitment Period.  The Company hereby unconditionally promises to pay the unpaid principal amount of each Swing Line Loan on the earlier of the Revolving Credit Commitment Termination Date and the first date after such Swing Line Loan is made that is the 15th or last day of a calendar month (or, if such date is not a Business Day, on the next succeeding Business Day) and is at least five (5) Business Days after such Swing Line Loan is made; provided that, on each date that a Revolving Loan is made, the Company will repay all Swing Line Loans that were outstanding on the date such Loan was requested to be made.  The Swing Line Lender’s Revolving Credit Commitment will expire on the Revolving Credit Commitment Termination Date and all Swing Line Loans and all other amounts owed hereunder with respect to the Swing Line Loans and the Revolving Credit Commitments will be paid in full no later than such date.

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(b)Borrowing Mechanics for Swing Line Loans.

(i)Swing Line Loans will be made in an aggregate minimum amount of $200,000 and integral multiples of $100,000 in excess of that amount.

(ii)Whenever the Company desires that the Swing Line Lender make a Swing Line Loan, the Company will deliver to the Administrative Agent by Electronic Transmission a Funding Notice no later than 12:00 noon (New York City time) on the proposed Credit Date.

(iii)The Swing Line Lender will fund each Swing Line Loan by 3:00 p.m. (New York City time) on the applicable Credit Date by wire transfer of same day funds in Dollars at the Payment Office.  Except as provided herein, upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent will make the proceeds of such Swing Line Loans available to the Company on the applicable Credit Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Swing Line Loans received by the Administrative Agent from the Swing Line Lender to be credited to the account of the Company at the Payment Office, or to such other account as may be designated in writing to the Administrative Agent by the Company.

(iv)With respect to any Swing Line Loans which have not been voluntarily prepaid by the Company pursuant to Section 2.13, the Swing Line Lender may at any time in its sole and absolute discretion, deliver to the Administrative Agent (with a copy to the Company), no later than 10:00 a.m. (New York City time) at least one (1) Business Day in advance of the proposed Credit Date, a notice (which will be deemed to be a Funding Notice given by the Company, a “Swing Line Refunding Notice”) requesting that each Revolving Lender make Revolving Loans that are Base Rate Loans to the Company on such Credit Date in an amount equal to the amount of such Swing Line Loans (the “Refunded Swing Line Loans”) outstanding on the date such notice is given which the Swing Line Lender requests the Lenders to prepay.  Anything contained in this Agreement to the contrary notwithstanding, (1) the proceeds of such Revolving Loans made by the Lenders other than the Swing Line Lender will be immediately delivered by the Administrative Agent to the Swing Line Lender (and not to the Company) and applied to repay a corresponding portion of the Refunded Swing Line Loans and (2) on the day such Revolving Loans are made, the Swing Line Lender’s Pro Rata Share of the Refunded Swing Line Loans will be deemed to be paid with the proceeds of a Revolving Loan made by the Swing Line Lender to the Company (in its capacity as a Revolving Lender), and such portion of the Swing Line Loans deemed to be so paid will no longer be outstanding as Swing Line Loans and will no longer be due under the Swing Line Note of the Swing Line Lender but will instead constitute part of the Swing Line Lender’s (in its capacity as a Revolving Lender) outstanding Revolving Loans to the Company and will be due under the Revolving Loan Note issued by the Company to the Swing Line Lender (in its capacity as a Revolving Lender).  The Company hereby authorizes the Administrative Agent and the Swing Line Lender to charge the Company’s accounts with the Administrative Agent and the Swing Line Lender (up to the amount available in each such account) in order to immediately pay the Swing Line Lender the amount of the Refunded Swing Line Loans to the extent the proceeds of such Revolving Loans made by the Lenders, including the Revolving Loans deemed to be made by the Swing Line Lender (in its capacity as a Revolving Lender), are not sufficient to repay in full the Refunded Swing Line Loans.  If any portion of any 

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such amount paid (or deemed to be paid) to the Swing Line Lender should be recovered by or on behalf of the Company from the Swing Line Lender in bankruptcy, by assignment for the benefit of creditors or otherwise, the loss of the amount so recovered will be ratably shared among all of the Lenders in the manner contemplated by Section 2.17.

(v)If for any reason Revolving Loans are not made pursuant to Section 2.3(b)(iv) in an amount sufficient to repay any amounts owed to the Swing Line Lender in respect of any outstanding Swing Line Loans on or before the third Business Day after demand by the Swing Line Lender for such Revolving Loans, each Revolving Lender will be deemed to, and hereby agrees to, have purchased a participation in such outstanding Swing Line Loans, and in an amount equal to its Pro Rata Share of the applicable unpaid amount together with accrued interest thereon.  Upon one (1) Business Days’ notice from the Swing Line Lender, each Revolving Lender will deliver to the Swing Line Lender an amount equal to its respective participation in the applicable unpaid amount in same day funds at the Payment Office of the Swing Line Lender.  In order to evidence such participation each Revolving Lender agrees to enter into a participation agreement at the request of the Swing Line Lender in form and substance reasonably satisfactory to the Swing Line Lender.  In the event any Revolving Lender fails to make available to the Swing Line Lender the amount of such Lender’s participation as provided in this paragraph, the Swing Line Lender will be entitled to recover such amount on demand from such Lender together with interest thereon for three (3) Business Days at the rate customarily used by the Swing Line Lender for the correction of errors among banks and thereafter at the Base Rate, as applicable.

(vi)Notwithstanding anything contained herein to the contrary, (1) each Revolving Lender’s obligation to make Revolving Loans for the purpose of repaying any Refunded Swing Line Loans pursuant to Section 2.3(b)(iv) and each Revolving Lender’s obligation to purchase a participation in any unpaid Swing Line Loans pursuant to Section 2.3(b)(v) will be absolute and unconditional and will not be affected by any circumstance, including without limitation (A) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line Lender, any Credit Party or any other Person for any reason whatsoever; (B) the occurrence or continuation of a Default or Event of Default; (C) any adverse change in the business, operations, properties, assets, condition (financial or otherwise) or prospects of any Credit Party; (D) any breach of this Agreement or any other Credit Document by any party thereto; or (E) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing; and (2) the Swing Line Lender will not be obligated to make any Swing Line Loans (A) if it has elected not to do so after the occurrence and during the continuation of a Default or Event of Default or (B) so long as any Revolving Lender is a Defaulting Lender, unless the Swing Line Lender has entered into arrangements satisfactory to it and the Company to eliminate the Swing Line Lender’s risk with respect to the Defaulting Lender’s participation in such Swing Line Loan, including by cash collateralizing such Defaulting Lender’s Pro Rata Share of the outstanding Swing Line Loans and participating interests in any such Swing Line Loan will be allocated among non-Defaulting Lenders in a manner consistent with Section 2.22 (and Defaulting Lenders will not participate therein).

(c)Resignation or Removal of the Swing Line Lender.  The Swing Line Lender may resign as the Swing Line Lender hereunder at any time upon at least 30 days’ prior written notice to the Revolving Lenders, the Administrative Agent and the Company.  Following such notice of resignation, 

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the Swing Line Lender may be replaced at any time by written agreement among the Company, the Administrative Agent and the successor Swing Line Lender.  In addition, the Administrative Agent may at any time replace the Swing Line Lender (to the extent the Swing Line Lender is not the Lender then acting as the Administrative Agent) with the Lender then acting as the Administrative Agent by providing not less than ten (10) Business Days’ written notice to the Company and the Lender then acting as the Swing Line Lender of such replacement.  In any such case, the Administrative Agent will notify the Revolving Lenders of any such replacement of the Swing Line Lender.  At the time any such resignation or replacement will become effective, the Company will pay all unpaid fees accrued for the account of the replaced Swing Line Lender.  From and after the effective date of any such resignation or replacement, (i) the successor Swing Line Lender will have all the rights and obligations of the Swing Line Lender under this Agreement with respect to Swing Line Loans to be made by it thereafter and (ii) references herein and in the other Credit Documents to the term “Swing Line Lender” will be deemed to refer to such successor or to any previous Swing Line Lender, or to such successor and all previous Swing Line Lenders, as the context may require.  After the resignation or replacement of the Swing Line Lender hereunder, the replaced Swing Line Lender will remain a party hereto and will continue to have all the rights and obligations of the Swing Line Lender under this Agreement with respect to Swing Line Loans made by it prior to such resignation or replacement, but will not be required to make additional Swing Line Loans.

2.4Letters of Credit.

(a)Letters of Credit.  From time to time on any Business Day from the Closing Date through the earlier of the Revolving Credit Commitment Termination Date and the fifth Business Day prior to the date specified in clause (a) of the definition of “Revolving Credit Commitment Termination Date,” subject to the terms and conditions hereof, each Issuing Bank agrees to Issue, in accordance with such Issuing Bank’s usual and customary business practices, Letters of Credit for the account of the Company (which, at the Company’s discretion, may be issued on behalf of the Company or any Domestic Subsidiary) in the aggregate amount the Dollar Equivalent of which does not exceed the Letter of Credit Sub-limit; provided that the Revolving Credit Exposure does not exceed the Revolving Credit Limit; and provided further, that (i) each Letter of Credit will be denominated in Dollars or in one or more Alternative Currencies (including any Additional Letter of Credit Currency agreed to by the applicable Issuing Bank); (ii) the stated amount of each Letter of Credit will not be less than $10,000 (or the Dollar Equivalent thereof in the case of any Letter of Credit denominated in an Alternative Currency), or such lesser amount as is acceptable to such applicable Issuing Bank; (iii) after giving effect to such Issuance, in no event will the Total Utilization of Revolving Credit Commitments exceed the Revolving Credit Limit then in effect; (iv) after giving effect to such Issuance, in no event will the Letter of Credit Usage exceed the Letter of Credit Sub-limit then in effect; and (v) in no event will any Letter of Credit have an expiration date that is not a Business Day or is later than the earlier of (1) the fifth Business Day prior to the date specified in clause (a) of the definition of “Revolving Credit Commitment Termination Date” and (2) the date which is one year from the date of Issuance of such Letter of Credit or such later date as is acceptable to such applicable Issuing Bank in its sole and absolute discretion (which shall in no event extend beyond the date referred to in clause (1) above unless, at least five Business Days prior to the Revolving Credit Commitment Termination Date, the Company shall cash collateralize the outstanding Letter of Credit Usage with respect to such Letter of Credit as set forth in Section 2.4(h)).  Notwithstanding anything herein to the contrary, the Dollar Equivalent of the aggregate face amount of Letters of Credit issued by (w) JPMorgan shall not exceed $100,000,000 at any time, (x) BANA shall not exceed $100,000,000 at any time, (y) Citizens shall not exceed $100,000,000 at any time, and (z) Wells Fargo shall not exceed $75,000,000 at any time.  Subject to the foregoing, each Issuing Bank may agree that a Letter of Credit will automatically be extended for one or more successive periods not to exceed one year each (and in any event not to exceed the period prescribed in clause (v)(1) above); provided that no Issuing Bank will Issue any Letter of Credit if (A) any fee due in connection with, and on or prior to, 

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the Issuance of such Letter of Credit has not been paid, (B) such Letter of Credit is requested to be Issued in a form that is not acceptable to such Issuing Bank or (C) such Issuing Bank will not have received, each in form and substance reasonably acceptable to it and duly executed by the Company, the documents that such Issuing Bank generally uses in the ordinary course of business for the Issuance of letters of credit of the type of such Letter of Credit (collectively, the “L/C Reimbursement Agreement”); provided further, that so long as any Revolving Lender is a Defaulting Lender, such Issuing Bank will not be required to Issue any Letter of Credit unless the provisions of Section 2.22(c) have been satisfied.  No Issuing Bank shall be under any obligation to issue Letters of Credit if the issuance of such Letter of Credit would violate one or more policies of such Issuing Bank applicable to letters of credit generally.

(b)Notice of Issuance.  Whenever the Company desires the Issuance of a Letter of Credit, it will deliver in a writing or Electronic Transmission to the applicable Issuing Bank and the Administrative Agent an Application or an Issuance Notice no later than 12:00 noon (New York City time) at least three (3) Business Days, or such shorter period as may be agreed to by the applicable Issuing Bank in any particular instance, in advance of the proposed date of Issuance.  For each Issuance, the applicable Issuing Bank may, but will not be required to, determine that, or take notice whether, the conditions precedent set forth in Section 3.2 have been satisfied or waived in connection with the Issuance of any Letter of Credit; provided, however, that no Letters of Credit will be Issued during the period starting on the first Business Day after the receipt by such Issuing Bank of notice from the Administrative Agent or the Lenders holding more than 50% of the aggregate Revolving Credit Exposure of all Lenders that any condition precedent contained in Section 3.2 is not satisfied and ending on the date all such conditions are satisfied or duly waived.  Upon receipt by the applicable Issuing Bank of the L/C Reimbursement Agreement, in form and substance reasonably acceptable to such Issuing Bank and duly executed by the Company, the applicable Issuing Bank will Issue the requested Letter of Credit only in accordance with such Issuing Bank’s standard operating procedures.  Upon the Issuance of any Letter of Credit or amendment or modification to a Letter of Credit, such Issuing Bank will promptly notify the Administrative Agent, which will in turn promptly notify each Revolving Lender of such Issuance, which notice will be accompanied by a copy of such Letter of Credit or amendment or modification to a Letter of Credit and the amount of such Lender’s respective participation in such Letter of Credit pursuant to Section 2.4(e).  Each Issuing Bank further agrees to provide the Administrative Agent, in form and substance satisfactory to the Administrative Agent, upon the request of the Administrative Agent (or any Revolving Lender through the Administrative Agent), copies of any Letter of Credit Issued by such Issuing Bank and any related L/C Reimbursement Agreement and such other documents and information as may reasonably be requested by the Administrative Agent.  To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Section 2.4, the provisions of this Section 2.4 shall control.

(c)Responsibility of the Issuing Banks With Respect to Requests for Drawings and Payments.  In determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof, the applicable Issuing Bank will be responsible only to examine the documents delivered under such Letter of Credit with reasonable care so as to determine whether they appear on their face to be in accordance with the terms and conditions of such Letter of Credit.  The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of the applicable Issuing Bank (as determined by a court of competent jurisdiction in a final non-appealable order) with respect to such a determination, such Issuing Bank will be deemed to have exercised reasonable care in each such determination.  In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, any Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.  As between the Company 

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and the Issuing Banks, the Company assumes all risks of the acts and omissions of, or misuse of the Letters of Credit Issued by the Issuing Banks, by the respective beneficiaries of such Letters of Credit.  In furtherance and not in limitation of the foregoing, the Issuing Banks will not be responsible for: (i) the form, validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party in connection with the application for and Issuance of any such Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign any such Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason; (iii) failure of the beneficiary of any such Letter of Credit to comply fully with any conditions required in order to draw upon such Letter of Credit; (iv) errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, email, cable, telex or otherwise, whether or not they be in cipher; (v) errors in interpretation of technical terms; (vi) any loss or delay in the transmission or otherwise of any document required in order to make a drawing under any such Letter of Credit or of the proceeds thereof; (vii) the misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing under such Letter of Credit; or (viii) any consequences arising from causes beyond the control of the Issuing Banks, including any Governmental Acts; none of the above will affect or impair, or prevent the vesting of, any of the Issuing Banks’ rights or powers hereunder.  Without limiting the foregoing and in furtherance thereof, any action taken or omitted by the Issuing Banks under or in connection with the Letters of Credit or any documents and certificates delivered thereunder, if taken or omitted in good faith, will not give rise to any liability on the part of the Issuing Banks to the Company.  Notwithstanding anything to the contrary contained in this Section 2.4(c), the Company will retain any and all rights it may have against the applicable Issuing Bank for any liability arising solely out of the gross negligence or willful misconduct of such Issuing Bank as determined by a court of competent jurisdiction in a final non-appealable order.

(d)Reimbursement by the Company of Amounts Drawn or Paid Under Letters of Credit.  In the event any Issuing Bank has determined to honor a drawing under a Letter of Credit, it will immediately notify the Company and the Administrative Agent, and the Company will reimburse the applicable Issuing Bank, or the Administrative Agent for the benefit of such Issuing Bank, on or before the Business Day immediately following the date on which such drawing is honored (the “Reimbursement Date”) in an amount in Dollars (or, in the case of an Alternative Currency Letter of Credit, in the applicable Alternative Currency) and in same day funds equal to the amount of such honored drawing; provided that anything contained herein to the contrary notwithstanding, (i) unless the Company will have notified the Administrative Agent and the applicable Issuing Bank prior to 10:00 a.m. (Local Time) on the date such drawing is honored that the Company intends to reimburse the applicable Issuing Bank for the amount of such honored drawing with funds other than the proceeds of Revolving Loans, the Company will be deemed to have given a timely Funding Notice to the Administrative Agent requesting each Revolving Lender to make Revolving Loans that are Base Rate Loans on the Reimbursement Date in an amount in Dollars equal to the amount of such honored drawing (or, in the case of an Alternative Currency Letter of Credit, Revolving Loans that are Eurocurrency Rate Loans on the Reimbursement Date in an amount in the applicable Alternative Currency equal to the amount of such honored drawing; provided that if the L/C Disbursement was made in an Additional Letter of Credit Currency, then such deemed Funding Notice shall be for Revolving Loans denominated in Dollars in an aggregate amount equal to the Dollar Equivalent of such L/C Disbursement determined by reference to the Exchange Rate for the date on which such payment is required to be made), and (ii) without regard to the satisfaction of the conditions specified in Section 3.2 (each of which conditions precedent the Revolving Lenders hereby irrevocably waive), each Revolving Lender will, on the Reimbursement Date, make Revolving Loans that are Base Rate Loans in the amount in Dollars of such honored drawing (or, in the case of an Alternative Currency Letter of Credit, Revolving Loans that are Eurocurrency Rate Loans in an amount in the applicable Alternative Currency of such honored drawing; provided that if the L/C Disbursement was made in an Additional Letter of Credit Currency, then the Revolving Lenders shall 

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make such Revolving Loans in Dollars in an amount equal to the Dollar Equivalent of such L/C Disbursement determined by reference to the Exchange Rate for the date on which such Revolving Loan is required to be made), the proceeds of which will be applied directly by the Administrative Agent to reimburse the applicable Issuing Bank for the amount of such honored drawing; and provided further, if for any reason proceeds of Revolving Loans are not received by the applicable Issuing Bank on the Reimbursement Date in an amount equal to the amount of such honored drawing, the Company will reimburse such Issuing Bank, on demand, in an amount in same day funds equal to the excess of the amount of such honored drawing over the aggregate amount of such Revolving Loans, if any, which are so received.  Nothing in this Section 2.4(d) will be deemed to relieve any Revolving Lender from its obligation to make Revolving Loans on the terms and conditions set forth herein, and the Company will retain any and all rights it may have against any Lender resulting from the failure of such Lender to make such Revolving Loans under this Section 2.4(d).  If the Company’s reimbursement of, or obligation to reimburse, any amounts in any Alternative Currency would subject the Administrative Agent, the applicable Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar Tax that would not be payable if such reimbursement were made or required to be made in Dollars, then the Company shall, at its option, either (x) pay the amount of any such Tax requested by the Administrative Agent, the applicable Issuing Bank or the applicable Lender(s) or (y) reimburse each L/C Disbursement made in such Alternative Currency in Dollars, in an amount equal to the Dollar Equivalent (calculated using the applicable Exchange Rate on the date such L/C Disbursement is made) of such L/C Disbursement.

(e)Lenders’ Purchase of Participations in Letters of Credit.  Immediately upon the Issuance of each Letter of Credit, each Revolving Lender will be deemed to have purchased, in each case, without recourse or warranty, and hereby agrees to irrevocably purchase, from the applicable Issuing Bank a participation in such Letter of Credit and any drawings honored thereunder in an amount equal to such Revolving Lender’s Pro Rata Share (with respect to the Revolving Credit Commitments) of the maximum amount which is or at any time may become available to be drawn thereunder.  In the event that the Company will fail for any reason to reimburse the applicable Issuing Bank as provided in Section 2.4(d), the applicable Issuing Bank will promptly notify the Administrative Agent on behalf of each Revolving Lender of the unreimbursed amount of such honored drawing (and if such amount is payable in respect of an Alternative Currency Letter of Credit denominated in an Additional Letter of Credit Currency, such amount shall be converted to Dollars based on the Dollar Equivalent thereof) and of such Lender’s respective participation therein based on such Revolving Lender’s Pro Rata Share of the Revolving Credit Commitments.  Each Revolving Lender will make available to the Administrative Agent on behalf of the applicable Issuing Bank an amount equal to its respective participation, in Dollars and in same day funds, at the office of the Issuing Bank specified in such notice, not later than 12:00 noon (New York City time) on the first Business Day (under the laws of the jurisdiction in which such office of such Issuing Bank is located) after the date notified by such Issuing Bank.  In the event that any Revolving Lender fails to make available to the applicable Issuing Bank on such Business Day the amount of such Lender’s participation in such Letter of Credit as provided in this Section 2.4(e), such Issuing Bank will be entitled to recover such amount on demand from such Lender together with interest thereon for three (3) Business Days at the rate customarily used by such Issuing Bank for the correction of errors among banks and thereafter at the Base Rate.  Nothing in this Section 2.4(e) will be deemed to prejudice the right of any Revolving Lender to recover from such Issuing Bank any amounts made available by such Lender to such Issuing Bank pursuant to this Section in the event that it is determined that the payment with respect to a Letter of Credit in respect of which payment was made by such Lender constituted gross negligence or willful misconduct on the part of such Issuing Bank as determined by a court of competent jurisdiction in a final non-appealable order.  In the event such Issuing Bank will have been reimbursed by other Lenders pursuant to this Section 2.4(e) for all or any portion of any drawing honored by such Issuing Bank under a Letter of Credit, such Issuing Bank will distribute to the Administrative Agent, which will in turn distribute to each Revolving Lender which has paid all amounts payable by it under this Section 2.4(e) with respect to such honored drawing, such Lender’s Pro Rata 

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Share of all payments subsequently received by such Issuing Bank from the Company in reimbursement of such honored drawing when such payments are received.  Any such distribution will be made to a Lender at its primary address set forth below its name on Appendix B, in the administrative questionnaire delivered by such Lender to the Company and the Administrative Agent or at such other address as such Lender may request.

(f)Obligations Absolute.  The obligation of the Company to reimburse the Issuing Banks for drawings honored under the Letters of Credit Issued by it and to repay any Revolving Loans made by the Lenders pursuant to Section 2.4(d) and the obligations of the Lenders under Section 2.4(e) will be unconditional and irrevocable and will be performed strictly in accordance with the terms hereof under all circumstances including any of the following circumstances: (i) any lack of validity or enforceability of any Letter of Credit, any document transferring or purporting to transfer any Letter of Credit, any Credit Document (including the sufficiency of any such instrument), or any modification to any provision of any of the foregoing; (ii) the existence of any claim, set-off, defense, abatement, recoupment or other right which the Company or any Lender may have at any time against a beneficiary or any transferee of any Letter of Credit (or any Persons for whom any such transferee may be acting), the Issuing Banks, Lender or any other Person or, in the case of a Lender, against the Company, whether in connection herewith, the transactions contemplated herein or any transaction (including any underlying transaction between the Company or the Subsidiaries and the beneficiary for which any Letter of Credit was procured); (iii) any draft or other document presented under any 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; (iv) payment by the applicable Issuing Bank under any Letter of Credit against presentation of a draft or other document which does not substantially comply with the terms of such Letter of Credit; (v) any adverse change in the business, operations, properties, assets, condition (financial or otherwise) or prospects of the Company or any Subsidiary; (vi) any breach hereof or any other Credit Document by any party thereto; (vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing; (viii) the fact that an Event of Default or a Default will have occurred and be continuing; or (ix) solely with respect to the obligations of the Lenders under Section 2.4(c), the failure of any condition precedent set forth in Section 3.2 to be satisfied (each of which conditions precedent the Revolving Lenders hereby irrevocably waive); provided that, in each case, that payment by the applicable Issuing Bank under the applicable Letter of Credit will not have constituted gross negligence or willful misconduct of such Issuing Bank as determined by a court of competent jurisdiction in a final non-appealable order under the circumstances in question.

(g)Indemnification.  Without duplication of any obligation of the Company under Section 10.2 or Section 10.3, in addition to amounts payable as provided herein, the Company hereby agrees to protect, indemnify, pay and save harmless the Issuing Banks from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable fees, expenses and disbursements of counsel and allocated costs of internal counsel) which the Issuing Banks may incur or be subject to as a consequence, direct or indirect, of (i) the Issuance of any Letter of Credit by an Issuing Bank, other than as a result of (1) the gross negligence or willful misconduct of such Issuing Bank as determined by a court of competent jurisdiction in a final non-appealable order or (2) the failure by such Issuing Bank to exercise reasonable care when determining whether a proper demand for payment is made under any Letter of Credit Issued by it, or (ii) the failure of an Issuing Bank to honor a drawing under any such Letter of Credit as a result of any Governmental Act.  For the avoidance of doubt, this Section 2.4(g) will not apply with respect to Taxes other than any Taxes that represent losses, claims, or damages arising from any non-Tax claim.

(h)Cash Collateralization of Letters of Credit.  In the event that any Letter of Credit is outstanding at the time that the Company prepays, or is required to repay, the Obligations, the Revolving Credit Commitments are terminated or the Company requests, and an Issuing Bank agrees in 

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its sole and absolute discretion, that a Letter of Credit expire on a date after the Revolving Credit Commitment Termination Date, the Company will (i) deposit with the Administrative Agent, for the benefit of all Lenders having Revolving Credit Exposure, cash or Cash Equivalents in an amount equal to one hundred and three percent (103%) of the aggregate outstanding Letter of Credit Usage to be available to Administrative Agent, for its benefit and the benefit of Issuing Banks, to reimburse payments of drafts drawn under such Letters of Credit and pay any fees and expenses related thereto and (ii) prepay the fee payable under Section 2.11(a)(ii) with respect to such Letters of Credit for the full remaining terms of such Letters of Credit.  All deposits made pursuant to preceding clause shall be made in Dollars or, with respect to Alternative Currency Letters of Credit, in the applicable Alternative Currency or as the applicable Issuing Bank may otherwise agree.  Upon termination of any such Letter of Credit and provided no Event of Default will have occurred and be continuing, the unearned portion of such prepaid fee attributable to such Letter of Credit will be refunded to the Company, together with the deposit described in the preceding clause (i) to the extent not previously applied by the Administrative Agent in the manner described herein.

(i)Issuing Bank Agreements.  Each Issuing Bank agrees that, unless otherwise requested by the Administrative Agent, such Issuing Bank shall report in writing to the Administrative Agent (i) on the first Business Day of each week, the daily activity (set forth by day) in respect of Letters of Credit during the immediately preceding week, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such Issuing Bank expects to issue, amend, renew or extend any Letter of Credit, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such Issuing Bank shall not permit any issuance, renewal, extension or amendment resulting in the issuance of a new Letter of Credit or an increase in the amount of any Letter of Credit to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such Issuing Bank makes any L/C Disbursement, the date of such L/C Disbursement and the amount of such L/C Disbursement, (iv) on any Business Day on which the Company fails to reimburse an L/C Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount and currency of such L/C Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request.

(j)Replacement of Issuing Banks.  Any Issuing Bank may be replaced at any time by written agreement among the Company, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank.  The Administrative Agent shall notify the Revolving Lenders of any such replacement of any Issuing Bank.  At the time any such replacement shall become effective, the Company shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.11(b).  From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit to be issued by such successor Issuing Bank thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require.  After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit then outstanding and issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

(k)Existing Letters of Credit.  Notwithstanding anything to the contrary in this Agreement or in any other Credit Document, each Existing Letter of Credit outstanding on the Closing Date shall be, and is, deemed to be a Letter of Credit issued and outstanding hereunder on the Closing 

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Date automatically without any further action by the Company, any Subsidiary Borrower, any Agent or any Issuing Bank.

2.5Pro Rata Shares; Availability of Funds.

(a)Pro Rata Shares.  All Loans will be made, and all participations will be purchased, by the Lenders simultaneously and proportionately to their respective Pro Rata Shares.  No Lender will be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor will any Revolving Credit Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby.

(b)Availability of Funds.  Unless the Administrative Agent will have been notified by any Lender prior to the applicable Credit Date that such Lender does not intend to make available to the Administrative Agent the amount of such Lender’s Loan requested on such Credit Date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such Credit Date and the Administrative Agent may, in its sole discretion, but will not be obligated to, make available to the Company a corresponding amount on such Credit Date.  If such corresponding amount is not in fact made available to the Administrative Agent by such Lender, the Administrative Agent will be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Credit Date until the date such amount is paid to the Administrative Agent, at the customary rate set by the Administrative Agent for the correction of errors among banks for three (3) Business Days and thereafter at the Base Rate.  If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent will promptly notify the Company and the Company will immediately pay such corresponding amount to the Administrative Agent together with interest thereon, for each day from such Credit Date until the date such amount is paid to the Administrative Agent, at the rate payable hereunder for Base Rate Loans for such Class of Loans.  Nothing in this Section 2.5(b) will be deemed to relieve any Lender from its obligation to fulfill its Revolving Credit Commitments hereunder or to prejudice any rights that the Company may have against any Lender as a result of any default by such Lender hereunder.

2.6Use of Proceeds.

(a)The proceeds of the Initial Revolving Borrowing will be used to consummate the Transactions and for working capital purposes of the Company and the Subsidiaries.

(b)The proceeds of Revolving Loans, Letters of Credit and Swing Line Loans made after the Closing Date will be applied by the Borrowers for working capital and general corporate purposes of the Borrowers and the Subsidiaries, including for Permitted Investments, capital expenditures, Restricted Debt Payments and other transactions not prohibited under the terms of this Agreement.

(c)No portion of the proceeds of or draws related to any Credit Extension will be used in any manner that causes or might cause such Credit Extension or the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the Board of Governors or any other regulation thereof or to violate the Exchange Act.

(d)None of the Company, its Subsidiaries or any of their respective directors and officers, will directly or indirectly use any part of any proceeds of any Credit Extension or lend, 

 76

contribute, or otherwise make available such proceeds to any Person (i) to fund or facilitate any activities or business of or with any Person that, at the time of such funding or facilitation, is the subject or the target of any Sanctions, (ii) to fund or facilitate any activities or business of or in any Sanctioned Country or (iii) in any other manner that will result in a violation by any Person of any applicable Sanctions.  No part of the proceeds of any Credit Extension will be used, directly or indirectly for any payments to any government official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of any applicable Sanctions.

2.7Evidence of Debt; Register; Disqualified Lender List; Notes.

(a)Evidence of Debt.  Each Lender will maintain on its internal records an account or accounts evidencing the Indebtedness of the Company to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof.  Any such recordation will be conclusive and binding on the Company, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, will not affect any Lender’s Revolving Credit Commitments or the Company’s Obligations in respect of any applicable Loans; and provided further, in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register will govern.

(b)Register.  The Administrative Agent will maintain a register for the recordation of the names and addresses of the Lenders and the Revolving Credit Commitments and the Loans of each Lender from time to time (the “Register”).  The Register will be available for inspection by the Company or any Lender (with respect to any entry relating to such Lender’s Loans) at any reasonable time from time to time upon reasonable prior notice.  The Administrative Agent will record in the Register the Revolving Credit Commitments and the Loans, the currency and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from to time and each repayment or prepayment in respect of the principal amount of the Loans, and any such recordation will be conclusive and binding on the Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, will not affect any Lender’s Revolving Credit Commitments or the Company’s Obligations in respect of any Loan.  The Company hereby designates the Administrative Agent to serve as the Company’s non-fiduciary agent solely for tax purposes and solely for the purpose of maintaining the Register as provided in this Section 2.7.

(c)Disqualified Lender List.  The list of Disqualified Lenders will be available to the Lenders, other Agents and Issuing Banks upon written request to the Company and the Administrative Agent.  The parties to this Agreement hereby acknowledge and agree that the Administrative Agent will not be deemed to be in default under this Agreement or to have any duty or responsibility or to incur any liabilities as a result of a breach of this Section 2.7(c), nor will the Administrative Agent have any duty, responsibility or liability to monitor or enforce assignments, participations or other actions in respect of Disqualified Lenders, or otherwise take (or omit to take) any action with respect thereto.

(d)Notes.  If so requested by any Lender by written notice to the Company at least three (3) Business Days prior to the Closing Date, or at any time prior thereto, the Company will execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) on the Closing Date (or, if such notice is delivered after the date that is three (3) Business Days prior to the Closing Date, subsequent to the Closing Date but in any case promptly after the Company’s receipt of such notice) a Note or Notes to evidence such Lender’s Revolving Loan or Swing Line Loan as the case may be.

2.8Interest on Loans.

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(a)Except as otherwise set forth herein, each Class of Loan will bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:
	
		
	Class of Loans
	Interest

	Revolving Loans that are Base Rate Loans
	Base Rate plus the Applicable Margin

	Revolving Loans that are Eurocurrency Rate Loans
	Eurocurrency Rate plus the Applicable Margin

	Swing Line Loans
	Base Rate plus the Applicable Margin

(b)The basis for determining the rate of interest with respect to any Loan (except a Swing Line Loan which can be made and maintained as Base Rate Loans only) and the Interest Period with respect to any Eurocurrency Rate Loan will be selected by the Company and notified to the Administrative Agent and the Lenders pursuant to the applicable Funding Notice or Conversion/Continuation Notice, as the case may be.  If on any day a Loan denominated in Dollars is outstanding with respect to which a Funding Notice or Conversion/Continuation Notice has not been delivered to the Administrative Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day such Loan will be a Base Rate Loan.

(c)In connection with Eurocurrency Rate Loans there will be no more than ten (10) Interest Periods outstanding at any time with respect to any currency (unless otherwise agreed by the Administrative Agent).  In the event the Company fails to specify between a Base Rate Loan or a Eurocurrency Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, such Loan (if denominated in Dollars, made to the Company or a Subsidiary Borrower that is a Domestic Subsidiary and outstanding as a Eurocurrency Rate Loan) will be automatically converted into a Base Rate Loan on the last day of the then-current Interest Period for such Loan (or if outstanding as a Base Rate Loan will remain as, or (if not then outstanding) will be made as, a Base Rate Loan).  In the event the Company fails to specify an Interest Period for any Eurocurrency Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, the Company will be deemed to have selected an Interest Period of one month.  Promptly after 10:00 a.m. (New York City time) on each Interest Rate Determination Date, the Administrative Agent will determine (which determination will, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that will apply to the Eurocurrency Rate Loans for which an interest rate is then being determined for the applicable Interest Period and will promptly give notice thereof (in writing, electronically or by telephone confirmed in writing or electronically) to the Company and each Lender.

(d)Interest payable pursuant to Section 2.8(a) will be computed (i) in the case of Base Rate Loans on the basis of a 365-day year (or 366-day year, in the case of a leap year), (ii) in the case of Eurocurrency Rate Loans denominated in Pounds Sterling, on the basis of a 365-day year, and (iii) in the case of Eurocurrency Rate Loans denominated in Dollars or in any Alternative Currency other than Pounds Sterling, on the basis of a 360-day year, in each case for the actual number of days elapsed in the period during which it accrues.  In computing interest on any Loan, the date of the making of such Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan denominated in Dollars being converted from a Eurocurrency Rate Loan, the date of conversion of such Eurocurrency Rate Loan to such Base Rate Loan, as the case may be, will be included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted to a Eurocurrency Rate Loan, the date of conversion of such Base 

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Rate Loan to such Eurocurrency Rate Loan, as the case may be, will be excluded; provided that if a Loan is repaid on the same day on which it is made, one day’s interest will be paid on that Loan.

(e)Except as otherwise set forth herein, interest on each Loan will accrue on a daily basis and be payable in arrears (i) on each Interest Payment Date applicable to that Loan; (ii) any prepayment of that Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii) at maturity, including final maturity (or, in the case of Revolving Loans, such earlier date on which the Revolving Credit Commitments are terminated) and, after such maturity (or termination), on each date on which demand for payment is made; provided, however, that, with respect to any voluntary prepayment of a Revolving Loan outstanding as a Base Rate Loan, accrued interest will instead be payable on the applicable Interest Payment Date.

(f)The Company agrees to pay to the applicable Issuing Bank, with respect to drawings honored under any Letter of Credit, interest on the amount paid by such Issuing Bank in respect of each such honored drawing from the date such drawing is honored to but excluding the date such amount is reimbursed by or on behalf of the Company at a rate equal to (i) for the period from the date such drawing is honored to but excluding the applicable Reimbursement Date, the rate of interest otherwise payable hereunder with respect to Revolving Loans that are Base Rate Loans, and (ii) thereafter, a rate which is 2.00% per annum in excess of the rate of interest otherwise payable hereunder with respect to Revolving Loans that are Base Rate Loans.

(g)Interest payable pursuant to Section 2.8(f) will be computed on the basis of a 365/366-day year for the actual number of days elapsed in the period during which it accrues, and will be payable on demand or, if no demand is made, on the date on which the related drawing under a Letter of Credit is reimbursed in full.  Promptly upon receipt by an Issuing Bank of any payment of interest pursuant to Section 2.8(f), such Issuing Bank will distribute to the Administrative Agent, which will in turn distribute to each Lender, out of the interest received by such Issuing Bank in respect of the period from the date such drawing is honored to but excluding the date on which such Issuing Bank is reimbursed for the amount of such drawing (including any such reimbursement out of the proceeds of any Revolving Loans), the amount that such Lender would have been entitled to receive in respect of the letter of credit fee that would have been payable in respect of such Letter of Credit for such period if no drawing had been honored under such Letter of Credit.  In the event an Issuing Bank will have been reimbursed by the Lenders for all or any portion of such honored drawing, such Issuing Bank will distribute to each Lender which has paid all amounts payable by it under Section 2.4(e) with respect to such honored drawing such Lender’s Pro Rata Share of any interest received by such Issuing Bank in respect of that portion of such honored drawing so reimbursed by the Lenders for the period from the date on which such Issuing Bank was so reimbursed by the Lenders to but excluding the date on which such portion of such honored drawing is reimbursed by the Company.

2.9Conversion/Continuation.

(a)Subject to Section 2.18 (and, in the case of Loans denominated in Dollars, so long as no Default or Event of Default will have occurred and then be continuing), the Company will have the option:

(i)to convert at any time all or any part of any Revolving Loan denominated in Dollars equal to the corresponding minimum and integral multiple Dollar amount set forth in Section 2.2(b)(i) from one Type of Loan to another Type of Loan; provided that a Eurocurrency Rate Loan denominated in Dollars may only be converted on the expiration of the Interest Period applicable to such Eurocurrency Rate 

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Loan unless the Company will pay all amounts due under Section 2.18 in connection with any such conversion; or

(ii)upon the expiration of any Interest Period applicable to any Eurocurrency Rate Loan denominated in (A) Dollars, to continue all or any portion of such Loan equal to the corresponding minimum and integral multiple Dollar amount set forth in Section 2.2(b)(i) as a Eurocurrency Rate Loan and (B) any Alternative Currency, to continue all or any portion of such Revolving Loan equal to the corresponding minimum and integral multiple for such Alternative Currency set forth in Section 2.2(b)(i).

(b)The Company will deliver a Conversion/Continuation Notice to the Administrative Agent by Electronic Transmission no later than 11:00 a.m. (New York City time) at least one (1) Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurocurrency Rate Loan).  Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurocurrency Rate Loans will be irrevocable on and after the related Interest Rate Determination Date, and the Company will be bound to effect a conversion or continuation in accordance therewith.

2.10Default Interest.

(a)Upon the occurrence and during the continuance of an Event of Default under Section 8.1(a), 8.1(f) or 8.1(g), the overdue principal amount of any Loans and, to the extent permitted by applicable law and due and owing, any overdue interest payments on the Loans and any other overdue fees and other overdue amounts, will bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) from the date of such Event of Default, payable on demand at a rate that is 2.00% per annum in excess of the interest rate otherwise payable hereunder with respect to the applicable Loans (or, in the case of any such fees and other amounts, at a rate which is 2.00% per annum in excess of the interest rate otherwise payable hereunder for Loans outstanding as Base Rate Loans); provided that in the case of any overdue principal or interest with respect to Eurocurrency Rate Loans, upon the expiration of the Interest Period in effect at the time any increase in interest rate is effective, such Eurocurrency Rate Loans will thereupon become Base Rate Loans and thereafter such overdue principal or interest, as applicable, will bear interest payable upon demand at a rate that is 2.00% per annum in excess of the interest rate otherwise payable hereunder for such Base Rate Loans.  Payment or acceptance of the increased rates of interest provided for in this Section 2.10(a) is not a permitted alternative to timely payment and will not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of the Administrative Agent or any Lender.

(b)Upon the occurrence and during the continuance of any Event of Default not described in clause (a) above, the Required Lenders may, at their option, by notice to the Company (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 10.5(b) requiring the consent of each Lender affected thereby for reductions in interest rates), declare that (i) all Loans shall bear interest at a rate that is 2.00% per annum in excess of the interest rate otherwise payable hereunder with respect to the applicable Loans or (ii) in the case of any other amount outstanding hereunder that accrues interest or fees, such amount shall bear interest or accrue fees at a rate that is 2.00% per annum in excess of the rate otherwise payable hereunder with respect to such amount.  Any increase in applicable rates under this Section 2.10(b) shall automatically cease on the date on which the applicable Event(s) of Default with respect to which the Required Lenders have increased the rate pursuant to this clause (b) have been cured or waived.

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2.11Fees.

(a)Revolving Commitment Fee.  The Company agrees to pay to the Lenders having Revolving Credit Exposure the following fees:

(i)commitment fees equal to (A) the average of the daily difference between (1) the Revolving Credit Commitments, and (2) the sum of (x) the aggregate principal amount of outstanding Revolving Loans (but not any outstanding Swing Line Loans unless and to the extent the Swing Line Lender has delivered a Swing Line Refunding Notice to the Administrative Agent with respect to such Swing Line Loans in accordance with Section 2.3), plus (y) the Letter of Credit Usage, times (B) the Applicable Commitment Fee Rate; and

(ii)letter of credit fees equal to (A) the Applicable Margin for Revolving Loans that are Eurocurrency Rate Loans, times (B) the average aggregate daily maximum amount available to be drawn under all Letters of Credit issued and outstanding under this Agreement (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination).

All fees referred to in this Section 2.11(a) will be paid to the Administrative Agent at the Payment Office and upon receipt, the Administrative Agent will promptly distribute to each Lender its Pro Rata Share thereof.
(b)Letter of Credit Fees.  The Company agrees to pay to the Administrative Agent, for the account of each Issuing Bank, the following fees in respect of Letters of Credit:

(i)a fronting fee equal to (A) the Issuing Bank’s prevailing rate (which shall not exceed 0.125% per annum) times (B) the average aggregate daily maximum amount available to be drawn under all Letters of Credit issued by it and outstanding under this Agreement (determined as of the close of business on any date of determination); and

(ii)such documentary and processing charges for any Issuance, amendment, transfer or payment of a Letter of Credit as are in accordance with such Issuing Bank’s standard schedule for such charges and as in effect at the time of such Issuance, amendment, transfer or payment, as the case may be.

(c)Participation fees under clause (a)(ii) above and fronting fees under clause (b) above (i) in respect of Letters of Credit denominated in Dollars shall be paid in Dollars and (ii) in respect of Letters of Credit denominated in an Alternative Currency or an Additional Letter of Credit Currency shall be paid in Dollars calculated using the applicable Dollar Equivalent and Exchange Rate as of the most recent Calculation Date with respect to the applicable Letter of Credit.

(d)[Reserved].

(e)All fees referred to in Section 2.11(a) through 2.11(d) (except 2.11(b)(i)) will be calculated on the basis of a 360-day year and the actual number of days elapsed.  The fees referred to in Sections 2.11(a) and 2.11(b)(i) will be payable quarterly in arrears on the last Business Day of each calendar quarter of each year during the Revolving Credit Commitment Period, commencing on the first 

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such date to occur at the end of the first full calendar quarter ending after the Closing Date, and on the Revolving Credit Commitment Termination Date.

(f)In addition to the foregoing fees, the Company agrees to pay to Agents such other fees in the amounts and at the times separately agreed upon in the applicable Fee Letter.

(g)Once paid, none of the foregoing fees will be refundable under any circumstances.

2.12[Reserved].

2.13Voluntary Prepayments/Commitment Reductions.

(a)Voluntary Prepayments.  Any time and from time to time, with respect to any Type of Loan, the Borrowers may prepay the Loans, in whole or in part, on any Business Day, in an aggregate minimum amount of and integral multiples in excess of that amount (or, in each case, if less the entire amount thereof), and upon prior written notice given to the Administrative Agent or the Swing Line Lender, as the case may be, (i) in the case of Base Rate Loans (other than Swing Line Loans) and Eurocurrency Rate Loans, by 12:00 noon (New York City time in the case of Loans denominated in Dollars, or Local Time in the case of any Credit Extension denominated in any Alternative Currency) and (ii) in the case of Swing Line Loans, by 2:00 p.m. New York City time, in each case on the applicable date indicated below (or such shorter period as the Administrative Agent may agree in its sole discretion), in each case, as set forth in the following table:
	
				
	Class of Loans
	Minimum
Amount
	Integral
Multiple
	Prior Notice

	Base Rate Loans (other than Swing Line Loans)
	$100,000;
¥100,000,000;
or 100,000 units
	$50,000;
¥50,000,000;
or 50,000 units
	One Business Day

	Eurocurrency Rate Loans
	$100,000;
¥100,000,000;
or 100,000 units
	$50,000;
¥50,000,000;
or 50,000 units
	Three Business Days

	Swing Line Loans
	$50,000
	$50,000
	Same day 

Any amounts received after such time on such date will be deemed to have been received on the next succeeding Business Day.  Upon the giving of any such notice, the principal amount of the Loans specified in such notice will become due and payable without premium or penalty (except as set forth in Section 2.11(d) and subject to Section 2.18(d)) on the prepayment date specified therein; provided that such notice may be conditioned on receiving the proceeds necessary for such prepayment in a refinancing or otherwise.  Any such voluntary prepayment will be applied as specified in Section 2.15(a).
(b)Voluntary Revolving Credit Commitment Reductions.  The Borrowers may, upon not less than three (3) Business Days’ prior written notice (or such shorter period as the Administrative Agent may agree in its sole discretion), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Credit Commitments in an amount up to the amount by which the Revolving Credit Limit exceeds the Total Utilization of Revolving Credit Commitments at the time of such proposed termination or reduction; provided that any 

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such partial reduction of the Revolving Credit Commitments must be in an aggregate minimum amount of $10,000,000 and integral multiples of $1,000,000 in excess of that amount (or, in each case, if less the entire amount thereof); provided further, that the Borrowers may rescind any notice of termination under this Section 2.13(b) if such notice was delivered in connection with a refinancing or other transaction, that is not consummated or is otherwise delayed.  The Borrowers’ notice to the Administrative Agent will designate the date (which must be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Credit Commitments will be effective on the date specified in the Borrowers’ notice and will reduce the Revolving Credit Commitment of each Lender proportionately to its Pro Rata Share thereof.

2.14Mandatory Prepayments.

(a)Revolver Overadvance, Generally.  If the Dollar Equivalent of the Total Utilization of Revolving Credit Commitments as of any date exceeds the Revolving Credit Limit as of such date, then the Administrative Agent may, in its sole discretion, make a demand on the Company by giving written notice to the Company of the amount of such excess and, within one Business Day after receipt of such demand, the Company shall make a repayment of Revolving Loans such that, after giving effect to such repayment, the Total Utilization of Revolving Credit Commitments as of such date does not exceed the Revolving Credit Limit; provided that to the extent that all or any portion of such overadvance is due to fluctuations in currency exchange rates, then the Administrative Agent shall first apply the provisions of clause (b) of this Section before applying the provisions of this clause (a).

(b)Revolver Overadvance due to Currency Fluctuations.  If at any time there are Revolving Loans denominated in an Alternative Currency and/or Alternative Currency Letters of Credit then outstanding and the Administrative Agent determines that, on any Calculation Date, (i) the Dollar Equivalent of the Total Utilization of Revolving Credit Commitments is greater than 105% of the  aggregate Revolving Credit Commitments of all Lenders or (ii) the Dollar Equivalent of the Total Utilization of Revolving Credit Commitments denominated in Alternative Currencies is greater than 105% of the Alternative Currency Sub-limit as a result of fluctuations in the Exchange Rate of the applicable Alternative Currency or Alternative Currencies to Dollars, then the Administrative Agent may, in its sole discretion, make a demand on the applicable Borrower or Borrowers by giving written notice to the Company of the Dollar amount of such excess as of such Calculation Date and, within one Business Day after receipt of such demand, the applicable Borrower or Borrowers shall make a repayment of Revolving Loans such that, after giving effect to such repayment, (i) the Dollar Equivalent of the Total Utilization of Revolving Credit Commitments as of such Calculation Date does not exceed 105% of the aggregate Revolving Credit Commitments of all Lenders or (ii) the Dollar Equivalent of the Total Utilization of Revolving Credit Commitments denominated in Alternative Currencies as of such Calculation Date does not exceed 105% of the Alternative Currency Sub-limit, as applicable.

2.15Application of Prepayments/Reductions.

(a)Application of Voluntary Prepayments.  Subject to Section 2.15(d), any prepayment of any Loan pursuant to Section 2.13(a) will be applied as specified by the Company in the applicable notice of prepayment and absent any such direction as to the prepayment of such Loans, in direct order of maturity; provided that in any event, any prepayment shall be applied ratably among holders of the same Class of Loans (or, in the case of any Obligations other than Loans, of the same type of such Obligations).

(b)Application of Mandatory Prepayments.  Subject to Section 2.15(d), (i) any prepayment by any Borrower pursuant to Section 2.14(b) will be applied to prepayment of Loans of such Borrower in the applicable Alternative Currency or Alternative Currencies and (ii) any prepayment by 

 83

any Borrower pursuant to Section 2.14(a) will be applied to prepayment of Loans of such Borrower as specified by the Company in the applicable notice of prepayment and absent any such direction as to the prepayment of such Loans, in direct order of maturity; provided that in any event, any prepayment shall be applied ratably among holders of the same Class of Loans (or, in the case of any Obligations other than Loans, of the same type of such Obligations).

(c)Application of Prepayments of Loans to Base Rate Loans and Eurocurrency Rate Loans.  Considering each Class of Loans being prepaid separately, any prepayment thereof will be applied first to Base Rate Loans to the full extent thereof before application to Eurocurrency Rate Loans, in each case, in a manner that minimizes the amount of any payments required to be made by the Company pursuant to Section 2.18(d).

(d)Application of Payments or Proceeds.  During the continuance of an Event of Default, the Administrative Agent may, and will upon the direction of the Required Lenders, apply any and all payments received by the Administrative Agent in respect of any Obligation in accordance with Section 8.3.  All payments made by a Credit Party to the Administrative Agent after any or all of the Obligations have been accelerated (so long as such acceleration has not been rescinded), including proceeds of Collateral, will be applied in accordance with Section 8.3.

2.16General Provisions Regarding Payments.

(a)Except as otherwise specified herein, all payments by the Company of principal, interest, fees and other Obligations will be made in Dollars (or (x) in the case of any reimbursement payment by the Company in an Alternative Currency pursuant to Section 2.4(d), in such Alternative Currency and (y) in the case of the repayment of, or the payment of interest in respect of, any Loan denominated in an Alternative Currency, in the applicable Alternative Currency) in same day funds and by wire transfer (which will be the exclusive means of payment hereunder), without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 noon (New York City time) on the date due at the Payment Office (or such other address as the Administrative Agent may from time to time specify in accordance with Section 10.1) for the account of the Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the Administrative Agent’s discretion, be deemed to have been paid by the Company on the next succeeding Business Day.  If, for any reason, the Company is prohibited by any law from making any required payment hereunder in an Alternative Currency, the Company shall make such payment in Dollars in the Dollar Equivalent of the Alternative Currency payment amount.

(b)[Reserved].

(c)The Administrative Agent (or its agent or sub-agent appointed by it) will promptly distribute to each Lender at such address as such Lender may indicate in writing, (i) such Lender’s applicable Pro Rata Share of all payments and prepayments of principal and interest due to such Lender pursuant to Sections 2.8, 2.10, 2.12, 2.13 or 2.14, and (ii) all other amounts due to such Lender, including all fees payable with respect thereto, to the extent received by the Administrative Agent.

(d)Notwithstanding the foregoing provisions hereof, if any Conversion/Continuation Notice is withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any Eurocurrency Rate Loans, the Administrative Agent will give effect thereto in apportioning payments received thereafter.

(e)Subject to the provisos set forth in the definition of “Interest Period,” whenever any payment to be made hereunder is stated to be due on a day that is not a Business Day, such payment 

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will be made on the next succeeding Business Day and such extension of time will be included in the computation of the payment of interest hereunder or of the Revolving Credit Commitment fees hereunder.

(f)The Administrative Agent may deem any payment by or on behalf of the Company hereunder that is not made in same day funds prior to 12:00 noon (New York City time) to be a non-conforming payment.  Any such payment will not be deemed to have been received by the Administrative Agent until the later of (i) the time such funds become available funds and (ii) the applicable next Business Day.  The Administrative Agent will give prompt written notice to the Company if any payment is non-conforming.  Any non-conforming payment may constitute or become a Default or Event of Default in accordance with the terms of Section 8.1(a).  Interest will continue to accrue on any principal as to which a non-conforming payment is made until such funds become available funds (but in no event less than the period from the date of such payment to the next succeeding applicable Business Day) at the rate determined pursuant to Section 2.10 from the date such amount was due and payable until the date such amount is paid in full.

(g)Notwithstanding any other provisions hereof, so long as no Event of Default has occurred and is continuing, if any prepayment of Eurocurrency Rate Loans is required to be made prior to the last day of the Interest Period therefor, in lieu of making any payment in respect of any such Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Company may, in the sole discretion of the Company, deposit an amount sufficient to make any such prepayment otherwise required to be made thereunder together with accrued interest to the last day of such Interest Period into an escrow account designated by the Administrative Agent until the last day of such Interest Period, at which time the Administrative Agent will be authorized (without any further action by or notice to or from the Company or any other Credit Party) to apply such amount to the prepayment of such Loans in accordance with the provisions of this Agreement otherwise applicable to such payment.  Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent will also be authorized (without any further action by or notice to or from the Company or any other Credit Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the provisions of this Agreement otherwise applicable to such payment.

2.17Ratable Sharing.  The Lenders hereby agree among themselves that if any of them, whether by voluntary payment, through the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Credit Documents, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code or as a distribution in connection with a plan of reorganization, plan of liquidation or similar dispositive plan, receive payment or reduction of a proportion of the aggregate amount of principal, interest, amounts payable in respect of Letters of Credit, fees and other amounts then due and owing to such Lender hereunder or under the other Credit Documents (collectively, the “Aggregate Amounts Due” to such Lender) which is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the Lender receiving such proportionately greater payment will (a) notify the Administrative Agent and each other Lender of the receipt of such payment and (b) apply a portion of such payment to purchase participations (which it will be deemed to have purchased from each seller of a participation simultaneously upon the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts Due will be shared by all of the Lenders in proportion to the Aggregate Amounts Due to them; provided that if all or part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of the Company or otherwise, those purchases will be rescinded and the purchase prices paid for such participations will be returned to such purchasing Lender ratably to the extent of such recovery, but without interest.  The Company expressly consents to the foregoing arrangement and agrees that any holder of a participation so purchased may exercise any and all rights of banker’s lien, set-off or counterclaim with respect to any and all monies 

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owing by the Company to that holder with respect thereto as fully as if that holder were owed the amount of the participation held by that holder.  The provisions of this Section 2.17 will not be construed to apply to (i) any payment made by a Credit Party pursuant to and in accordance with the express terms of this Agreement as in effect on the Closing Date, (ii) any payment obtained by any Lender as consideration for the assignment or sale of a participation in any of its Loans or other Obligations owed to it, or (iii) the exchange of any Loans held by a Lender for all or a portion of a new tranche of Loans issued hereunder but only to the extent such new tranche of Loans is made available to all Lenders on a pro rata basis.

2.18Making or Maintaining Eurocurrency Rate Loans.

(a)Inability to Determine Applicable Interest Rate.  In the event that the Administrative Agent or the Required Lenders determine (which determination will be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurocurrency Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of “Eurocurrency Rate” or the Eurocurrency Rate for any requested Interest Period does not adequately and fairly reflect the cost to Lenders of funding such Eurocurrency Rate Loan, the Administrative Agent (including by direction of Required Lenders) will on such date give notice (by telefacsimile or by telephone confirmed in writing) to the Company and each Lender of such determination, whereupon (i) no Loans denominated in Dollars may be made as, or converted to, Eurocurrency Rate Loans until such time as the Administrative Agent notifies the Company and the Lenders that the circumstances giving rise to such notice no longer exist; provided that Eurocurrency Rate Loans denominated in an Alternative Currency shall bear interest at an alternative rate mutually acceptable to the Company and the Required Lenders and (ii) any Funding Notice or Conversion/Continuation Notice given by the Company with respect to the Loans in respect of which such determination was made will be deemed to be rescinded by the Company.

(b)Illegality or Impracticability of Eurocurrency Rate Loans.  In the event that on any date any Lender determines in good faith (which determination will be final and conclusive and binding upon all parties hereto but will be made only after consultation with the Company and the Administrative Agent) that the making, maintaining or continuation of its Eurocurrency Rate Loans (i) has become unlawful as a result of compliance by such Lender in good faith with any law, treaty, governmental rule, regulation, guideline or order (or would conflict with any such treaty, governmental rule, regulation, guideline or order not having the force of law even though the failure to comply therewith would not be unlawful), or (ii) has become impracticable, as a result of contingencies occurring after the Closing Date that materially and adversely affect the London interbank market or the position of such Lender in that market, then, and in any such event, such Lender will be an “Affected Lender” and it will on that day give notice (by telefacsimile or by telephone confirmed in writing) to the Company and the Administrative Agent of such determination (which notice the Administrative Agent will promptly transmit to each other Lender).  If the Administrative Agent receives a notice from any Lender pursuant to the preceding sentence, then (A) the obligation of such Lender to make Loans as, or to convert Loans to, Eurocurrency Rate Loans will be suspended until such notice is withdrawn by such Affected Lender, (B) to the extent such determination by the Affected Lender relates to a Eurocurrency Rate Loan then being requested by the Company pursuant to a Funding Notice or a Conversion/Continuation Notice, such Lender shall make such Loan as (or continue such Loan as or convert such Loan to, as the case may be) a Base Rate Loan (or, with respect to Loans denominated in an Alternative Currency or made to a Subsidiary Borrower that is a Foreign Subsidiary, such Loans shall bear interest at an alternative rate mutually acceptable to the Company and the Required Lenders), (C) such Lender’s obligations to maintain its outstanding Eurocurrency Rate Loans (the “Affected Loans”) will be terminated at the earlier to occur of the expiration of the Interest Period then in effect with respect to the Affected Loans or when required by law, and (D) the Affected Loans will automatically convert into Base Rate Loans on the 

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date of such termination.  Notwithstanding the foregoing, to the extent a determination by an Affected Lender as described above relates to a Eurocurrency Rate Loan then being requested by the Company pursuant to a Funding Notice or a Conversion/Continuation Notice, the Company will have the option, subject to the provisions of Section 2.18(d), to rescind such Funding Notice or Conversion/Continuation Notice as to all Lenders by giving written notice to Administrative Agent of such rescission on the date on which the Affected Lender gives notice of its determination as described above (which notice of rescission the Administrative Agent will promptly transmit to each other Lender).  Except as provided in the immediately preceding sentence, nothing in this Section 2.18(b) will affect the obligation of any Lender other than an Affected Lender to make or maintain Loans as, or to convert Loans to, Eurocurrency Rate Loans in accordance with the terms hereof.

(c)LIBOR Replacement.

(i)Notwithstanding anything to the contrary herein or in any other Credit Document, upon the occurrence of a Benchmark Transition Event (as determined in good faith by the Administrative Agent or the Company) or an Early Opt-in Election, as applicable, the Administrative Agent and the Company may amend this Agreement to replace the Eurocurrency Rate with a Benchmark Replacement.  Any such amendment agreed between the Administrative Agent and the Company with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Company, so long as the Administrative Agent has not received, by such time, written notice of objection to such proposed amendment from Lenders comprising the Required Lenders; provided that, with respect to any proposed amendment containing any SOFR-Based Rate, the Lenders shall be entitled to object only to the Benchmark Replacement Adjustment contained therein.  Any such amendment agreed between the Administrative Agent and the Company with respect to an Early Opt-in Election will become effective on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment. No replacement of Eurocurrency Rate with a Benchmark Replacement will occur prior to the applicable Benchmark Transition Start Date.

(ii) In connection with the implementation of a Benchmark Replacement pursuant to an amendment that has become effective as provided in Section 2.18(c)(i), the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Credit Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement.

(iii)The Administrative Agent will promptly notify the Company and the Lenders of (A) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and the related Benchmark Replacement Date and Benchmark Transition Start Date, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark Replacement Conforming Changes and (D) the commencement or conclusion of any Benchmark Unavailability Period.  Any determination, decision or election that may be made by the Administrative Agent or Lenders pursuant to this Section 2.18 (subject to the agreement of the Company, to the extent required hereby), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and 

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any decision to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or their reasonable discretion (in good faith and in consultation with the Company) and without consent from any other party hereto, except, in each case, as such agreement or consent is expressly required pursuant to this Section 2.18.

(iv)Upon the Company’s receipt of notice of the commencement of a Benchmark Unavailability Period, (A) any notice that requests the conversion of any Base Rate Loans to, or continuation of any Eurocurrency Rate Loans as, Eurocurrency Rate Loans shall be ineffective, (B) if any Funding Notice requests a borrowing of Eurocurrency Rate Loans, (1) if such borrowing is to be denominated in Dollars and made by the Company or a Subsidiary Borrower that is a Domestic Subsidiary, such borrowing shall be made in the form of Base Rate Loans and (2) if such borrowing is to be denominated in an Alternative Currency or made by a Subsidiary Borrower that is a Foreign Subsidiary, such Funding Notice shall be ineffective and (C) any outstanding Eurocurrency Rate Loans denominated in an Alternative Currency shall be continued, and any new Revolving Loans to be denominated in an Alternative Currency may be made, as Revolving Loans bearing interest at such rate as the applicable Lenders and the applicable Borrower may agree adequately reflects the costs to such Lenders of making or maintaining such Loans (or, in the absence of such agreement, (x) any such outstanding Eurocurrency Rate Loans will be prepaid at the end of the applicable Interest Period and (y) any such new Revolving Loans denominated in an Alternative Currency shall not be made).

(v)The provisions of this Section 2.18(c) shall, solely with respect to implementation of a Benchmark Replacement and Benchmark Replacement Conforming Changes as expressly set forth herein, supersede any contrary provision of Section 10.5.

(d)Compensation for Breakage or Non-Commencement of Interest Periods.  In the event of (i) the payment or prepayment (voluntary or otherwise) of any principal of any Eurocurrency Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (ii) the conversion of any Eurocurrency Rate Loan other than on the last day of the Interest Period applicable thereto, (iii) the failure to borrow, convert, continue or prepay any Eurocurrency Rate Loan on the date specified in any notice delivered pursuant hereto (subject to any conditionality provisions contained in any such notice) or (iv) the assignment of any Eurocurrency Rate Loan earlier than the last day of the Interest Period applicable thereto as a result of a request by the Company pursuant to Section 2.23, then, in any such event, the Company will compensate each Lender for the actual loss, cost and expense incurred by such Lender attributable to such event, excluding loss of anticipated profits or margin and without giving to any applicable LIBOR “floor.”  A certificate of any Lender computing any amount or amounts that such Lender is entitled to receive pursuant to this Section in reasonable detail will be delivered to the Company and will be presumptively correct.  The Company will pay such Lender the amount shown as due on any such certificate within thirty (30) days after receipt thereof.

(e)Booking of Eurocurrency Rate Loans.  Any Lender may make, carry or transfer Eurocurrency Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender.

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2.19Increased Costs; Capital Adequacy.

(a)Compensation For Increased Costs and Taxes.  In the event that any Lender (which term includes each Issuing Bank for purposes of this Section 2.19(a)) determines in good faith (which determination will, absent manifest error, be final and conclusive and binding upon all parties hereto) that any law, treaty or governmental rule, regulation or order, or any change therein or in the interpretation, administration or application thereof (including the introduction of any new law, treaty or governmental rule, regulation or order), or any determination of a Governmental Authority, in each case that becomes effective after the Closing Date, or compliance by such Lender with any guideline, request or directive issued or made after the Closing Date by any central bank or other Governmental Authority: (i) subjects such Lender (or its applicable Lending Office) to any additional Tax (other than (x) Indemnified Taxes and (y) Excluded Taxes) with respect to this Agreement or any of the other Credit Documents or any of its obligations hereunder or thereunder or any payments to such Lender (or its applicable Lending Office) of principal, interest, fees or any other amount payable hereunder or thereunder; (ii) imposes, modifies or holds applicable any reserve (including any marginal, emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of such Lender (other than any such reserve or other requirements with respect to Eurocurrency Rate Loans that are reflected in the definition of “Eurocurrency Rate”); or (iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Lender (or its applicable Lending Office) or its obligations hereunder or the London interbank market; and the result of any of the foregoing is to increase the cost to such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any amount received or receivable by such Lender (or its applicable Lending Office) with respect thereto; then, in any such case, the Company will pay to such Lender, within ten (10) Business Days of receipt of the statement referred to in the next sentence, such additional amount or amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender in its sole discretion may determine) as may be necessary to compensate such Lender for any such increased cost or reduction in amounts received or receivable hereunder.  Such Lender will deliver to the Company (with a copy to the Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Lender under this Section 2.19(a), which statement will be conclusive and binding upon all parties hereto absent manifest error.

(b)Capital Adequacy Adjustment.  In the event that any Lender (which term includes each Issuing Bank for purposes of this Section 2.19(b)) determines that the adoption, effectiveness, phase-in or applicability after the Closing Date of any law, rule or regulation (or any provision thereof) regarding capital or liquidity requirements, or any change therein or in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender (or its applicable Lending Office) or any entity controlling any Lender with any guideline, request or directive regarding capital or liquidity requirements (whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on the capital of such Lender or any entity controlling such Lender as a consequence of, or with reference to, such Lender’s Loans or Revolving Credit Commitments or Letters of Credit, or participations therein or other obligations hereunder with respect to the Revolving Loans or the Letters of Credit to a level below that which such Lender or such controlling entity could have achieved but for such adoption, effectiveness, phase-in, applicability, change or compliance (taking into consideration the policies of such Lender or such controlling entity with regard to capital or liquidity requirements), then from time to time, within five (5) Business Days after receipt by the Company from such Lender of the statement referred to in the next sentence, the Company will pay to such Lender such additional amount or amounts as will compensate such Lender or such controlling entity for such reduction.  Such Lender 

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will deliver to the Company (with a copy to the Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to Lender under this Section 2.19(b), which statement will be conclusive and binding upon all parties hereto absent manifest error.

(c)Dodd-Frank; Basel III.  Notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States of America or foreign regulatory authorities, in each case in respect of this clause (ii) pursuant to Basel III, will, in each case, be deemed to be a change in law, treaty or governmental rule, regulation or order under subsection (a) above and/or a change in law, rule or regulation (or any provision thereof) regarding capital or liquidity requirements under subsection (b) above, as applicable, regardless of the date enacted, adopted or issued.

(d)Delay in Requests.  The failure or delay on the part of any Lender (which term will include each Issuing Bank for purposes of this Section 2.19(d)) to demand compensation pursuant to the foregoing provisions of this Section 2.19 will not constitute a waiver of such Lender’s right to demand such compensation; provided that the Company will not be required to compensate a Lender pursuant to the foregoing provisions of this Section 2.19 for any increased costs incurred or reductions suffered more than one hundred and eighty (180) days prior to the date that such Lender sends the Company written notice of such Lender’s intention to claim compensation therefor; provided further, that if the circumstance giving rise to such increased costs or reductions suffered is retroactive, then the 180-day period referred to above will be extended to include the period of retroactive effect thereof.

2.20Taxes; Withholding, etc..

(a)Except as required by Law or otherwise provided in this Section 2.20, each payment by any Credit Party under any Credit Document will be made without deduction or withholding for any Taxes with respect thereto.

(b)If any Taxes will be required by any Law to be deducted from or in respect of any amount payable under any Credit Document to any Recipient (i) to the extent such Taxes required to be deducted are Indemnified Taxes, such amount will be increased as necessary to ensure that, after all required deductions for Indemnified Taxes are made (including deductions for Indemnified Taxes applicable to any increases to any amount under this Section 2.20(b)(i)), such Recipient receives the amount it would have received had no such deductions for Indemnified Taxes been made, (ii) the relevant Credit Party or the Administrative Agent, as applicable, will make such deductions, (iii) the relevant Credit Party or the Administrative Agent, as applicable, will timely pay the full amount deducted to the relevant taxing authority or other authority in accordance with applicable Law and (iv) as soon as practicable after any such payment by a Credit Party is made, the relevant Credit Party will deliver to the Administrative Agent an original or certified copy of a receipt evidencing such payment or other evidence of payment reasonably satisfactory to the Administrative Agent.

(c)In addition, the Credit Parties will timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.  As soon as practicable after the date of any payment of Other Taxes by any Credit Party pursuant to this Section 2.20(c), the relevant Credit Party will deliver to the Administrative Agent the original or a certified copy of a receipt evidencing payment thereof or other evidence of payment reasonably satisfactory to the Administrative Agent.

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(d)Without duplication of Section 2.20(b) or Section 2.20(c), the Credit Parties will indemnify and reimburse, within 10 days after receipt of a written demand therefor (with copy to the Administrative Agent), each Recipient for all Indemnified Taxes (including any Indemnified Taxes imposed by any jurisdiction on amounts payable under this Section 2.20) imposed on or with respect to any payment made by the Credit Parties hereunder, and any reasonable out-of-pocket expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally asserted.  Any Recipient claiming indemnity pursuant to this Section 2.20(d) will notify the Credit Parties of the imposition of the relevant Indemnified Taxes as soon as practicable after the Recipient becomes aware of such imposition.  A certificate of the Recipient (or of the Administrative Agent on behalf of such Recipient) claiming any compensation under this clause (d), setting forth in reasonable detail the amounts to be paid thereunder and delivered to the Company with copy to the Administrative Agent, will be conclusive, absent manifest error.

(e)Without limiting Section 2.21, any Lender claiming any additional amounts payable pursuant to this Section 2.20 will use its reasonable efforts (consistent with its internal policies and Law) to change the jurisdiction of its Lending Office if such a change would reduce any such additional amounts (or any similar amount that may thereafter accrue) and would not, in the sole determination of such Lender, be otherwise disadvantageous to such Lender.

(f)Withholding Certifications.

(i)Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Credit Document will deliver to the Company and the Administrative Agent, at the time or times reasonably requested by the Company or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Company or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding.  In addition, any Lender, if reasonably requested by the Company or the Administrative Agent, will deliver such other documentation prescribed by applicable law or reasonably requested by the Company or the Administrative Agent as will enable the Company or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.  Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.20(f)(ii)(1), Section 2.20(f)(ii)(2) and Section 2.20(f)(ii)(4) below) will not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

(ii)Without limiting the generality of the foregoing:
(1)any U.S. Lender will deliver to the Company and the Administrative Agent, on or prior to the date on which such Lender becomes a party to this Agreement from time to time thereafter upon the reasonable request of the Company or the Administrative Agent, properly completed and executed copies of IRS Form W-9 (certifying that such U.S. Lender is exempt from U.S. federal backup withholding tax);

(2)Any Non-U.S. Lender will, to the extent it is legally entitled to do so, deliver to the Company and the Administrative Agent (in such number of copies as will be requested by the recipient), on or prior to the date on which 

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such Non-U.S. Lender becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Company or the Administrative Agent), whichever of the following is applicable:

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

ii)properly completed and executed copies of IRS Form W-8ECI;

iii)in the case of a Non-U.S. Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Internal Revenue Code, (x) a certificate substantially in the form of Exhibit F-1 to the effect that such Non-U.S. Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10-percent shareholder” of the Company within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Internal Revenue Code (a “U.S. Tax Compliance Certificate”) and (y) properly completed and executed copies of IRS Form W-8BEN or W-8-BEN-E; or

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

(3)any Non-U.S. Lender will, to the extent it is legally entitled to do so, deliver to the Company and the Administrative Agent (in such number of copies as will be requested by the recipient), on or prior to the date on which such Non-U.S. Lender becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Company or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be 

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prescribed by applicable law to permit the Company or the Administrative Agent to determine the withholding or deduction required to be made; and

(4)if a payment made to a Recipient under any Credit Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Recipient were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Recipient will deliver to the Company and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Company or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by the Company or the Administrative Agent as may be necessary for the Company and the Administrative Agent to comply with their obligations under FATCA and to determine that such Recipient has complied with such Recipient’s obligations under FATCA or to determine the amount to deduct and withhold from such payment.  Solely for purposes of this Section 2.20(f)(ii)(4), “FATCA” will include any amendments made to FATCA after the date of this Agreement.
Each Recipient agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it will update such form or certification or promptly notify the Company and the Administrative Agent in writing of its legal inability to do so.
(g)Any Administrative Agent that (i) is a U.S. Person will deliver to the Company, on or prior to the date on which it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Company), properly completed and executed copies of IRS Form W-9 certifying that such Administrative Agent is exempt from U.S. federal backup withholding tax or (ii) is not a U.S. Person will deliver to the Company, on or prior to the date on which it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Company), properly completed and executed copies of (A) IRS Form W-8IMY for payments that the Administrative Agent does not receive for its own account, certifying that it is either a “U.S. branch” within the meaning of US Treasury Regulation Section 1.1441-1(b)(2)(iv)(A) or a “Qualifying Intermediary” that assumes primary withholding responsibility under Chapter 3 and Chapter 4 of the Code and for Form 1099 reporting and backup withholding and (B) IRS Form W-8ECI for payments that the Administrative Agent receives for its own account.

(h)If any Recipient determines in its sole discretion exercised in good faith that it has received a refund (which for purposes of this paragraph shall include a credit received in lieu of a refund) of any Taxes as to which it has been indemnified pursuant to this Section 2.20 (including by the payment of additional amounts pursuant to this Section 2.20), it will pay to the Company an amount equal to such refund (but only to the extent of indemnity payments made or additional amounts paid under this Section 2.20 with respect to the Taxes giving rise to such refund), net of all reasonable, documented, out-of-pocket expenses of such Recipient and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund).  The Company, upon the request of such Recipient, will repay to such Recipient the amount paid over pursuant to this Section 2.20(h) (plus any penalties, interest or other charges properly imposed by the relevant Governmental Authority) in the event that such Recipient is required to repay such refund to such Governmental Authority.  Notwithstanding anything to the contrary in this paragraph (h), in no event will the Recipient be required to pay any amount to a Credit Party pursuant to this paragraph (h) the payment of which would place the Recipient in a less favorable 

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net after-Tax position than the Recipient would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid.  This paragraph will not be construed to require any Recipient to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to any Credit Party or any other Person.

(i)Each Lender will severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Credit Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Credit Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.1(g) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Credit Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent will be conclusive absent manifest error.  Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Credit Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this Section 2.20(i).

(j)Each party’s obligations under this Section 2.20 will survive the resignation or replacement of the Administrative Agent or any assignment of right by, or the replacement of, a Recipient.

(k)For purposes of this Section 2.20, the term “Lender” shall include any Issuing Bank and the term “applicable law” includes FATCA.

2.21Obligation to Mitigate.  Each Lender (which term includes each Issuing Bank for purposes of this Section 2.21) agrees that, as promptly as practicable after the officer of such Lender responsible for administering its Loans or Letters of Credit, as the case may be, becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such Lender to receive payments under Section 2.18, 2.19 or 2.20, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, use reasonable efforts (a) to make, fund or maintain its Loans, including any Affected Loans, or Issue its Letters of Credit, in each case through another office of such Lender, or (b) to take such other measures as such Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease to exist or the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.18, 2.19 or 2.20 would be materially reduced and if, as determined by such Lender in its sole discretion, the making, Issue, funding or maintaining of such Revolving Credit Commitments, Loans or Letters of Credit through such other office or in accordance with such other measures, as the case may be, would not otherwise adversely affect such Revolving Credit Commitments, Loans or Letters of Credit or the interests of such Lender; provided that such Lender will not be obligated to utilize such other office pursuant to this Section 2.21 unless the Company agrees to pay all incremental expenses incurred by such Lender as a result of utilizing such other office as described above.  A certificate as to the amount of any such expenses payable by the Company pursuant to this Section 2.21 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to the Company (with a copy to the Administrative Agent) will be conclusive absent manifest error.

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2.22Defaulting Lenders.  Anything contained herein to the contrary notwithstanding, in the event that any Lender becomes a Defaulting Lender, then:

(a)during any Default Period with respect to such Defaulting Lender, such Defaulting Lender will be deemed not to be a “Lender” for purposes of voting on any matters (including the granting of any consents or waivers, except with respect to Section 10.5(b) or any other matter which matter disproportionately affects such Defaulting Lender) with respect to any of the Credit Documents;

(b)to the extent permitted by applicable law, until such time as the Default Excess with respect to such Defaulting Lender has been reduced to zero, any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 10.4 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank or the Swing Line Lender hereunder; third, to cash collateralize the Issuing Banks’ fronting exposure with respect to such Defaulting Lender in accordance with Section 2.4(h); fourth, as the Company may request (so long as no Default or Event of Default has occurred and is continuing), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) cash collateralize the Issuing Banks’ future fronting exposure with respect to such Defaulting Lender with respect to such future Letters of Credit issued under this Agreement, in accordance with Section 2.4(h); sixth, to the payment of any amounts owing to the Lenders, the Issuing Banks or the Swing Line Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Banks or the Swing Line Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default has occurred and is continuing, to the payment of any amounts owing to the Company as a result of any judgment of a court of competent jurisdiction obtained by the Company against such Defaulting Lender as a result of such Defaulting Lender's breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or Letter of Credit Usage in respect of which such Defaulting Lender has not fully funded its appropriate share and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 3.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and Letter of Credit Usage owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or Letter of Credit Usage owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in Letter of Credit Obligations and Swing Line Loans are held by the Lenders pro rata in accordance with the applicable Revolving Credit Commitments, without giving effect to Section 2.22(c).  Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.22(b) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.  Such Defaulting Lender will not be entitled to receive (i) any increased rate of interest pursuant to Section 2.10 and (ii) any fee pursuant to Section 2.11(a) or Section 2.11(c), in each case, in respect of any Default Period with respect to such Defaulting Lender;

(c)all or any part of a Defaulting Lender’s participation in Letter of Credit Obligations and Swing Line Loans will be reallocated among the non-Defaulting Lenders holding Revolving Credit Commitments on a pro rata basis according to their Revolving Credit Commitments 

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(calculated without regard to such Defaulting Lender’s Revolving Credit Commitment) but only to the extent that such reallocation does not cause any non-Defaulting Lender’s Revolving Credit Exposure (defined, solely for purposes of this clause (c), by reference to clause (b) of the definition of “Revolving Credit Exposure”) at such time to exceed such Lender’s Revolving Credit Commitment (it being understood that no reallocation hereunder will constitute a waiver or release of any claim of a non-Defaulting Lender against a Defaulting Lender as a result of such non-Defaulting Lender’s increased exposure following such reallocation); provided that:

(i)if the reallocation described in this clause (c) cannot, or can only partially, be effected, the Company will, without prejudice to any right or remedy available to it hereunder or under Law, within one (1) Business Day following written notice by the Administrative Agent (A) prepay the Swing Line Loans of such Defaulting Lender in an amount equal to the amount by which such Defaulting Lender’s Swing Line Loans exceed the amount of such Defaulting Lender’s Swing Line Loans reallocated pursuant to this clause (c) (after giving effect to any partial reallocation pursuant to this clause (c)) and (B) cash collateralize such Defaulting Lender’s portion of the Revolving Credit Exposure in respect of Letters of Credit (after giving effect to any partial reallocation pursuant to this clause (c)) in accordance with the procedures set forth in Section 2.4(h) for so long as such Revolving Credit Exposure in respect of Letters of Credit is outstanding;

(ii)if the Company cash collateralizes any portion of such Defaulting Lender’s Revolving Credit Exposure in respect of Letters of Credit pursuant to this proviso, the Company will not be required to pay any letter of credit participation fee to such Defaulting Lender during the period such Defaulting Lender’s Revolving Credit Exposure in respect of Letters of Credit is cash collateralized;

(iii)if the Revolving Credit Exposure in respect of Letters of Credit of the non-Defaulting Lenders is reallocated pursuant to this clause (c), then the fees payable to the Lenders pursuant to Section 2.11(a)(i) will be adjusted in accordance with such non-Defaulting Lenders’ reallocated Revolving Credit Exposure in respect of Letters of Credit; and

(iv)if any Defaulting Lender’s Revolving Credit Exposure in respect of Letters of Credit is neither cash collateralized nor reallocated pursuant to this clause (c), then, without prejudice to any rights or remedies of the Issuing Banks or any Lender hereunder, all commitment fees that otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such Defaulting Lender’s Revolving Credit Commitment that was utilized by such Revolving Credit Exposure in respect of Letters of Credit) and letter of credit participation fee payable with respect to such Defaulting Lender’s Revolving Credit Exposure in respect of Letters of Credit will be payable to the applicable Issuing Banks until such Revolving Credit Exposure in respect of Letters of Credit is cash collateralized and/or reallocated;

(d)the Total Utilization of Revolving Credit Commitments as at any date of determination will be calculated as if such Defaulting Lender has funded all Defaulted Loans.  No Revolving Credit Commitment of any Lender will be increased or otherwise affected, and, except as otherwise expressly provided in this Section 2.22, performance by the Company of its obligations hereunder and the other Credit Documents will not be excused or otherwise modified as a result of any Funding Default or the operation of this Section 2.22.  The rights and remedies against a Defaulting Lender under this Section 2.22 are in addition to other rights and remedies that the Company may have 

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against such Defaulting Lender with respect to any Funding Default and that the Administrative Agent or any Lender may have against such Defaulting Lender with respect to any Funding Default; and

(e)as long as no Default or Event of Default has occurred and is continuing or would result therefrom, the Company may, in its sole discretion, elect to terminate the Revolving Credit Commitments of any Defaulting Lender without penalty or premium; provided that the Required Lenders shall have consented to such prepayment and/or termination.

For purposes of this Agreement, (i) “Funding Default” means, with respect to any Defaulting Lender, the occurrence of any of the events set forth in the definition of “Defaulting Lender,” and (ii) “Defaulted Loan” means any Loan of a Defaulting Lender with respect to which such Defaulting Lender is a Defaulting Lender.
2.23Removal or Replacement of a Lender.  Anything contained herein to the contrary notwithstanding, in the event that:

(a)(i) any Lender (an “Increased Cost Lender”) gives notice to the Company that such Lender is an Affected Lender or that such Lender is entitled to receive payments under Section 2.18, 2.19 or 2.20, (ii) the circumstances that have caused such Lender to be an Affected Lender or that entitle such Lender to receive such payments remain in effect, and (iii) such Lender fails to withdraw such notice within five (5) Business Days after Borrower’s request for such withdrawal; or

(b)(i) any Lender becomes a Defaulting Lender, (ii) the Default Period for such Defaulting Lender remains in effect, and (iii) such Defaulting Lender fails to cure the default as a result of which it has become a Defaulting Lender within five (5) Business Days after the Company’s request that it cure such default; or

(c)in connection with any proposed amendment, modification, termination, waiver or consent with respect to any of the provisions of a Credit Document as contemplated by Section 10.5(b), the consent of Required Lenders with respect to which has been obtained but the consent of one or more of such other Lenders (each a “Non-Consenting Lender”) whose consent is required has not been obtained;

then, with respect to each such Increased Cost Lender, Defaulting Lender or Non-Consenting Lender (the “Terminated Lender”), the Company may, by giving written notice to the Administrative Agent and any Terminated Lender of its election to do so, elect to cause such Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to assign its outstanding Loans and its Revolving Credit Commitments, if any, in full to one or more Eligible Assignees (each a “Replacement Lender”) in accordance with the provisions of Section 10.6 and the Company will pay the fees, if any, payable thereunder in connection with any such assignment from an Increased Cost Lender or a Non-Consenting Lender and the Defaulting Lender will pay the fees, if any, payable thereunder in connection with any such assignment from such Defaulting Lender; provided that (1) on the date of such assignment, the Replacement Lender must pay to a Terminated Lender that is not a Defaulting Lender an amount equal to the sum of (A) an amount equal to the principal of, and all accrued interest on, all outstanding Loans of the Terminated Lender, (B) an amount equal to all unreimbursed drawings that have been funded by such Terminated Lender, together with all then unpaid interest with respect thereto at such time and (C) an amount equal to all accrued, but theretofore unpaid fees owing to such Terminated Lender pursuant to Section 2.11; (2) on the date of such assignment, the Company must pay any amounts payable to such Terminated Lender pursuant to Section 2.11(d), 2.18(d), 2.19 or 2.20; and (3) in the event such Terminated Lender is a Non-Consenting Lender, each Replacement Lender will consent, at the time of such assignment, to each matter in respect of which such Terminated Lender was a Non-Consenting 

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Lender; provided that the Company may not make such election with respect to any Terminated Lender that is also an Issuing Bank unless, prior to the effectiveness of such election, the Company has caused each outstanding Letter of Credit Issued thereby to be cancelled, backstopped or cash collateralized.  Upon the assignment of all amounts owing to any Terminated Lender and the termination or assignment of such Terminated Lender’s Revolving Credit Commitments, if any, such Terminated Lender will no longer constitute a “Lender” for purposes hereof; provided that any rights of such Terminated Lender to indemnification hereunder will survive as to such Terminated Lender.  Each Lender agrees that if the Company exercises its option hereunder to cause an assignment by such Lender as a Non-Consenting Lender or Terminated Lender, such Lender will, promptly after receipt of written notice of such election, execute and deliver all documentation necessary to effectuate such assignment in accordance with Section 10.6.  In the event that a Lender does not comply with the requirements of the immediately preceding sentence within one (1) Business Day after receipt of such notice, each Lender hereby grants to the Administrative Agent an irrevocable power of attorney (which power of attorney will be coupled with an interest) to execute and deliver such documentation as may be required to give effect to an assignment in accordance with Section 10.6 on behalf of a Non-Consenting Lender or Terminated Lender and any such documentation so executed by the Administrative Agent will be effective for purposes of documenting an assignment pursuant to Section 10.6.
2.24Incremental Facilities.

(a)Notice.  At any time and from time to time, on one or more occasions, any Borrower may, by written notice to the Administrative Agent, increase the aggregate principal amount of Revolving Credit Commitments on the same terms as the then-existing Revolving Credit Commitments (the “Incremental Facilities” and the revolving loans and other extensions of credit made thereunder, the “Incremental Loans”); provided that any such increase may result in a commensurate increase in the Alternative Currency Sub-limit if agreed to by the Company and the institutions providing such Incremental Facility.

(b)Ranking.  Incremental Facilities will (i) rank pari passu in right of payment and security with the Initial Revolving Commitments (subject to Section 8.3) and (ii) be secured by the same Liens (with the same ranking in priority) that secure the Initial Revolving Commitments.

(c)Size.  The aggregate principal amount of Incremental Facilities on any date Indebtedness thereunder is first committed will not exceed the Incremental Amount.  Each Incremental Facility will be in an integral multiple of $10,000,000 and in an aggregate principal amount that is not less than $10,000,000 (or such lesser minimum amount approved by the Administrative Agent in its reasonable discretion); provided that such amount may be less than such minimum amount or integral multiple amount if such amount represents all the remaining availability under the limit set forth above.

(d)Incremental Lenders.  Incremental Facilities may be provided by any existing Lender (it being understood that no existing Lender will have an obligation to make all or any portion of any Incremental Loan) or by any Additional Lender on terms permitted by this Section 2.24; provided that the Administrative Agent, each Issuing Bank and/or the Swing Line Lender will have consented (in each case, such consent not to be unreasonably withheld, conditioned or delayed) to any such Person’s providing Incremental Facilities if such consent would be required under Section 10.6(c)(ii) for an assignment of Revolving Loans or Revolving Credit Commitments to such Person.

(e)Incremental Facility Amendments; Use of Proceeds.  Each Incremental Facility will become effective pursuant to an amendment (each, an “Incremental Amendment”) to this Agreement and, as appropriate, the other Credit Documents, executed by the Company, each Person providing such Incremental Facility and the Administrative Agent.  Incremental Amendments may, 

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without the consent of any other Lenders, effect such amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, in the reasonable good faith opinion of the Administrative Agent and the Company, to effect the provisions of this Section 2.24.  Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Amendment, this Agreement and the other Credit Documents, as applicable, will be amended to the extent necessary to reflect the existence and terms of the Incremental Facility and the Incremental Loans evidenced thereby.  This Section 2.24 will supersede any provisions in Section 2.17 or 10.5 to the contrary.  The Company may use the proceeds of the Incremental Loans for any purpose permitted by this Agreement.

(f)Conditions.  The availability of Incremental Facilities under this Agreement will be subject solely to the following conditions, subject in each case to Section 1.5:

(i)no Default or Event of Default will have occurred and be continuing on the date such Incremental Loans are incurred or would occur immediately after giving effect thereto; provided that the condition set forth in this clause (i) may be waived (or not required) (other than with respect to Events of Default under Section 8.1(a), (f) or (g)) by the Persons providing such Incremental Facility if the proceeds of such Incremental Facility will be used to finance, in whole or in part, a Permitted Investment or the purchase or other acquisition of property and assets or business of any Person or of assets constituting a business unit, a line of business or division of such Person, a facility or Capital Stock in a Person; and

(ii)the representations and warranties in the Credit Documents will be true and correct in all material respects (except for representations and warranties that are already qualified by materiality, which representations and warranties will be true and correct in all respects) immediately prior to, and immediately after giving effect to, the incurrence of such Incremental Facility; provided that if such Incremental Facility is being provided in connection with a Permitted Investment, the condition set forth in this clause (ii) may be satisfied with (x) the accuracy of Specified Representations and customary “acquisition agreement representations” and (y) such other limitations or exceptions to representations and warranties as may be agreed by the lenders providing such Incremental Facility).

(g)Terms.  Each Incremental Amendment will set forth the amount and terms of the relevant Incremental Facility. 

(h)[Reserved].

(i)Adjustments to Loans.  Upon each increase in the Revolving Credit Commitments pursuant to this Section 2.24,

(i)each Revolving Lender immediately prior to such increase will automatically and without further act be deemed to have assigned to each lender providing a portion of such increase (each an “Incremental Facility Lender”), and each such Incremental Facility Lender will automatically and without further act be deemed to have assumed, a portion of such Revolving Lender’s participations hereunder in outstanding Letters of Credit and Swing Line Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (1) participations hereunder in Letters of Credit and (2) participations hereunder in Swing Line Loans held by each Revolving Lender will equal 

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the percentage of the aggregate Revolving Credit Commitments of all Lenders represented by such Revolving Lender’s Revolving Credit Commitments; and

(ii)if, on the date of such increase, there are any Revolving Loans outstanding, such Revolving Loans will on or prior to the effectiveness of such Incremental Facility be prepaid from the proceeds of Incremental Loans made hereunder (reflecting such increase in Revolving Credit Commitments), which prepayment will be accompanied by accrued interest on the Revolving Loans being prepaid and any costs incurred by any Revolving Lender in accordance with Section 2.18(d).  The Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement will not apply to the transactions effected pursuant to the immediately preceding sentence.

2.25Designation of Subsidiary Borrowers.  On the Closing Date, each of RWG Germany and Kaman Lux is a Subsidiary Borrower party to this Agreement and will remain so until the Company shall have executed and delivered to the Administrative Agent a Subsidiary Borrower Termination with respect to RWG Germany or Kaman Lux, as the case may be, whereupon RWG Germany or Kaman Lux, as the case may be, shall cease to be a Subsidiary Borrower and a party to this Agreement.  For the avoidance of doubt, as of the Closing Date Kaman UK is not a Subsidiary Borrower and shall not be party to this Agreement.  After the Closing Date, the Company may at any time and from time to time designate any Eligible Subsidiary as a Subsidiary Borrower by delivery to the Administrative Agent of a Subsidiary Borrower Agreement executed by such Subsidiary and the Company and the satisfaction of the other conditions precedent set forth in Section 3.3, and upon such delivery and satisfaction such Subsidiary shall for all purposes of this Agreement be a Subsidiary Borrower and a party to this Agreement until the Company shall have executed and delivered to the Administrative Agent a Subsidiary Borrower Termination with respect to such Subsidiary, whereupon such Subsidiary shall cease to be a Subsidiary Borrower and a party to this Agreement.  Notwithstanding the preceding sentence, no Subsidiary Borrower Termination will become effective as to any Subsidiary Borrower at a time when any principal of or interest on any Loan to such Borrower shall be outstanding hereunder; provided that such Subsidiary Borrower Termination shall be effective to terminate the right of such Subsidiary Borrower to request further Loans under this Agreement.  As soon as practicable upon receipt of a Subsidiary Borrower Agreement, the Administrative Agent shall furnish a copy thereof to each Lender.

		
	SECTION  3.
	CONDITIONS PRECEDENT

3.1Closing Date.  The obligation of the Lenders on the Closing Date to (x) make the Revolving Credit Commitments available to the Borrowers, (y) continue, and deem reissued, the Existing Letters of Credit as Letters of Credit hereunder and (z) fund the Initial Revolving Borrowings (the “Initial Credit Extension”) is subject to the satisfaction, or waiver by the Required Lenders, of only the following conditions on or before the Closing Date:

(a)Credit Documents.  The Administrative Agent will have received a copy of each of the following Credit Documents, in each case where applicable, executed and delivered by the Company, each Subsidiary Borrower and each Guarantor Subsidiary: (A) this Agreement; (B) the Amended and Restated Security Agreement; (C) the Amended and Restated Securities Pledge Agreement; (D) each of the Notes (if such Notes have been requested at least three (3) Business Days prior to the date the funding of the Initial Credit Extension would otherwise occur); and (E) the Perfection Certificate.

(b)Organizational Documents; Incumbency; Resolutions; Good Standing Certificates.  The Administrative Agent will have received:

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(i)Organizational Documents.  A copy of each Organizational Document of the Company, each Subsidiary Borrower and each Guarantor Subsidiary, certified as of the Closing Date by its secretary or an assistant secretary (or any other officer with an equivalent role, including a manager) each dated the Closing Date or a recent date prior thereto.

(ii)Incumbency Certificate.  A signature and incumbency certificate of the officers or other authorized representatives of the Company, each Subsidiary Borrower and each Guarantor Subsidiary executing the Credit Documents referenced in Section 3.1(a), if applicable.

(iii)Resolutions.  Resolutions of the board of directors or similar governing body of the Company, each Subsidiary Borrower and each Guarantor Subsidiary approving and authorizing the execution, delivery and performance of this Agreement and the other Credit Documents to which it is a party or by which it or its assets may be bound as of the Closing Date, certified as of the Closing Date by its secretary or an assistant secretary (or any other officer with an equivalent role, including a manager) as being in full force and effect without modification or amendment.

(iv)Good Standing Certificates.  A good standing certificate from the applicable Governmental Authority of the jurisdiction of incorporation, organization or formation of the Company, each Subsidiary Borrower and each Guarantor Subsidiary if applicable.

(v)Formalities certificate. A certificate in form and substance reasonably acceptable to the Administrative Agent from each Credit Party incorporated in Luxembourg, represented by one of its managers, confirming that:

(1)it is not subject to bankruptcy (faillite), insolvency, voluntary or judicial liquidation (liquidation volontaire ou judiciare), composition with creditors (concordat préventif de faillite), reprieve from payment (sursis de paiement), controlled management (gestion controlée);

(2)it is not, on the date hereof, in a state of cessation of payments (cessation de payments) and has not lost its commercial creditworthiness;

(3)no application has been made by it or, as far as it is aware, by any other person for the appointment of a commissaire, juge-commissaire, liquidateur, curateur or similar officer pursuant to any insolvency or similar proceedings; and

(4)to the best of its knowledge, no petition for the opening of such proceedings has been presented by it or by any other person entitled to do so.

(vi)Specimens of signature. With respect to a Credit Party incorporated in Luxembourg, a specimen of the signature of each person authorized by the resolution referred to in paragraph 3.1(b)(ii) above.

(c)Funding Notice.  The Administrative Agent will have received a fully executed and delivered Funding Notice as required pursuant to 2.2 (or, in the case of the Issuance of a Letter of Credit, an Issuance Notice pursuant to Section 2.4); provided that all certifications made under such 

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Funding Notice will be made (or deemed made) as of the Closing Date; provided further that utilization of the Initial Revolving Commitments on the Closing Date will be limited to the Initial Revolving Borrowing, and no Issuance Notice shall be required with respect to the deemed reissuance of the Existing Letters of Credit as Letters of Credit hereunder.

(d)Closing Date Certificate and Attachments.  The Administrative Agent will have received an executed Closing Date Certificate, together with all attachments thereto, certifying to the satisfaction of the conditions set forth in Section 3.1(e) and 3.1(g).

(e)Representations.  Each of the representations and warranties set forth in Section 4 hereof and in the other Credit Documents will be true and correct in all material respects (or, if qualified by “materiality,” “Material Adverse Effect” or similar language, in all respects (after giving effect to such qualification)) on and as of the Closing Date.

(f)Financial Statements.  The Administrative Agent and the Lenders will have received (i) the Historical Audited Financial Statements and (ii) the Historical Unaudited Financial Statements.

(g)No Material Adverse Effect.  Since September 27, 2019, no event or change shall have occurred that has caused or would reasonably be expected to cause, either in any case or in the aggregate, a Material Adverse Effect.
(h)Solvency.  The Administrative Agent will have received a solvency certificate in the form attached as Exhibit D from the chief financial officer or other officer with equivalent duties of the Company certifying to the solvency of the Company and the Subsidiaries on a consolidated basis after giving effect to the Transactions.

(i)Personal Property Collateral.  The Collateral Agent will have received:

(i)Deliverables, Etc.  Solely to the extent not already delivered by the Company or any Subsidiary to the Administrative Agent under the Original Credit Agreement or the Existing Credit Agreement, in connection with the pledge of the Capital Stock of the Company, each Guarantor Subsidiary and each Subsidiary thereof, and the pledge of Indebtedness owing to the Credit Parties, in each case to the extent required under the Amended and Restated Security Agreement, the Company, each Subsidiary Borrower and each applicable Guarantor Subsidiary will deliver, or cause to be delivered, to the Collateral Agent, to the extent required under the Amended and Restated Securities Pledge Agreement, an original stock certificate or other instruments representing such pledged Capital Stock or Indebtedness, together with customary blank stock or other equity transfer powers and instruments of transfer and irrevocable powers duly executed in blank.

(ii)Lien Searches.  The results of customary lien searches with regard to the Company, each Subsidiary Borrower and each applicable Guarantor Subsidiary; and

(iii)UCC financing statements in appropriate form for filing under the UCC, documents suitable for filing with the United States Patent and Trademark Office and United States Copyright Office and all other documents and instruments necessary to establish and perfect the Collateral Agent’s first priority Lien in the Collateral other than foreign Intellectual Property (subject to Permitted Liens), in each case, executed and delivered (if applicable, in proper form for filing) by the Company and the Guarantors;

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(j)Opinions of Counsel to Credit Parties.  The Administrative Agent and its counsel will have received copies of (and each Credit Party hereby instructs such counsel to deliver such opinions to the Administrative Agent and the Lenders) customary legal opinions, each dated as of the Closing Date, of (i) Latham & Watkins LLP, with respect to matters of U.S. federal and New York State law and certain matters of the laws of the State of Delaware, (ii) Murtha Cullina LLP, with respect to the Company, which is organized in the State of Connecticut, and each Guarantor Subsidiary organized in the State of Connecticut, (iii) Latham & Watkins LLP, with respect to RWG Germany, which is organized under the laws of Germany, and (iv) Clément Konrad & Partners, with respect to Kaman Lux, which is organized under the laws of the Grand Duchy of Luxembourg.

(k)Fees and Expenses.  All costs, fees, expenses (including reasonable, documented, out-of-pocket legal fees and expenses of consultants and other advisors) and other compensation payable to the Joint Lead Arrangers, Administrative Agent and the Lenders will have been paid (or will concurrently be paid) to the extent then due; provided that an invoice of such expenses will have been presented no less than two (2) Business Days prior to the Closing Date.  For the avoidance of doubt the Company shall pay in cash all accrued and unpaid fees in respect to participations in Existing Letters of Credit in accordance with Section 2.12 of the Existing Credit Agreement on the Closing Date.

(l)“Know-Your-Customer.”  The Administrative Agent will have received all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations including the PATRIOT Act at least five (5) Business Days prior to the Closing Date, to the extent requested from the Company, at least ten (10) calendar days prior to the Closing Date, which shall include, for the avoidance of doubt, a duly executed IRS Form W-9, or other applicable tax form.

(m)“Beneficial Ownership.”  to the extent the Company qualifies as a “legal entity customer” under 31 C.F.R. § 1010.230 (the “Beneficial Ownership Regulation”), a certificate regarding beneficial ownership as required by the Beneficial Ownership Regulation with respect to the Company which certification shall be substantially similar in form and substance to the form of Certification Regarding Beneficial Owners of Legal Entity Customers published jointly, in May 2018, by the Loan Syndications and Trading Association and Securities Industry and Financial Markets Association.

For purposes of determining compliance with the conditions specified in this Section 3.1, (i) each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto and (ii) transactions occurring (or to occur) on the Closing Date in accordance with, and as expressly set forth in, the funds flow memorandum delivered to (and approved by) the Administrative Agent shall be deemed to occur and have occurred substantially simultaneously with the Initial Credit Extension.
3.2Conditions to Certain Credit Extensions After the Closing Date.

(a)Conditions Precedent.  Except (x) in connection with the Initial Credit Extension, and (y) as may be limited in respect of certain conditions precedent as set forth in Section 1.5 with respect to any Limited Condition Acquisition and other related Specified Transactions, the obligation of each Lender to make any Loan, or each Issuing Bank to Issue any Letter of Credit, on any Credit Date, including the Closing Date, are subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions precedent:

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(i)Notice.  The Administrative Agent will have received a fully executed and delivered Funding Notice, Application or Issuance Notice, as the case may be;

(ii)Revolving Credit Limit.  After making the Credit Extensions requested on such Credit Date, the Total Utilization of Revolving Credit Commitments will not exceed the Revolving Credit Limit then in effect;

(iii)Representations and Warranties.  As of such Credit Date, the representations and warranties contained herein and in the other Credit Documents will be true and correct in all material respects (except for those representations and warranties that are conditioned by materiality, which will be true and correct in all respects) on and as of that Credit Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties will have been true and correct in all material respects (except for those representations and warranties that are conditioned by materiality, which will have been true and correct in all respects) on and as of such earlier date; and

(iv)No Default or Event of Default.  As of such Credit Date, no event will have occurred and be continuing or would result from the consummation of the applicable Credit Extension, or the use of proceeds thereof, that would constitute a Default or an Event of Default.

(b)Letters of Credit.  In addition, with respect to any Letter of Credit, the Administrative Agent will have received all other information required by the applicable Application or Issuance Notice, and such other documents or information as the applicable Issuing Bank may reasonably require in connection with the Issuance of such Letter of Credit.

(c)Any Notice will be executed by an Authorized Officer in a writing delivered to the Administrative Agent.  The Administrative Agent, any Lender or any Issuing Bank will not have any obligation to verify the veracity of any such notice referred to above nor will the Administrative Agent, any Lender or any Issuing Bank incur any liability to the Company in acting upon any notice referred to above that the Administrative Agent believes in good faith to have been given by a duly authorized officer or other Person authorized on behalf of the Company.  Each delivery of a Notice will constitute a representation and warranty that as of the date of any Credit Extension (both immediately before and immediately after such Credit Extension) the conditions contained in Section 3.2 have been satisfied.

3.3Designation of a Subsidiary Borrower. The designation of a Subsidiary Borrower pursuant to Section 2.25 is subject to the condition precedent that the Company or such proposed Subsidiary Borrower shall have furnished or caused to be furnished to the Administrative Agent:

(a)Organizational Documents.  A copy of each Organizational Document of such Subsidiary, certified as of a recent date by the appropriate governmental official (to the extent applicable);

(b)Incumbency Certificate.  A signature and incumbency certificate of the officers or other authorized representatives of such Subsidiary executing the Subsidiary Borrower Agreement and the other Credit Documents to which it is a party or by which it or its assets may be bound;

(c)Resolutions.  Resolutions of the board of directors or similar governing body of such Subsidiary approving and authorizing the execution, delivery and performance of the Subsidiary Borrower Agreement and the other Credit Documents to which it is a party or by which it or its assets 

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may be bound, certified by its secretary or an assistant secretary (or any other officer with an equivalent role) as being in full force and effect without modification or amendment;

(d)Good Standing Certificates.  A good standing certificate from the applicable Governmental Authority of the jurisdiction of incorporation, organization or formation of such Subsidiary;

(e)Opinions of Counsel to Such Subsidiary.  Customary legal opinions of counsel to such Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent and its counsel, with respect to the laws of its jurisdiction of organization and such other matters as are reasonably requested by counsel to the Administrative Agent and addressed to the Administrative Agent and the Lenders; 

(f)Promissory Notes and Instruments.  Any promissory notes requested by any Lender, and any other instruments and documents reasonably requested by the Administrative Agent; and

(g)“Know-Your-Customer.”  The Administrative Agent will have received all documentation and other information in respect of such Subsidiary reasonably requested by any Lender to the extent required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations including the PATRIOT Act, which shall include, for the avoidance of doubt, a duly executed IRS Form W-9, or other applicable tax form.

SECTION 4.REPRESENTATIONS AND WARRANTIES

In order to induce the Lenders, each Agent and each Issuing Bank to enter into this Agreement and to make each Credit Extension to be made thereby, each Borrower represents and warrants to the Lenders, the Agents and the Issuing Banks, on the Closing Date and on each Credit Date, that the following statements are true and correct:
4.1Organization; Requisite Power and Authority; Qualification.  The Company and each Subsidiary (a) is duly organized, validly existing and (if the concept is relevant in the jurisdiction of organization of such Person) in good standing under the laws of its jurisdiction of organization as identified in Schedule 4.10(b), except where the failure to be in good standing would not have a Material Adverse Effect; (b) has all requisite organizational power and authority to (i) own and operate its properties, to lease the property it operates as lessee, and to carry on its business as now conducted and (ii) to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby, except where failure to comply with any of the foregoing would not have a Material Adverse Effect, and (c) is qualified to do business and in good standing as a foreign entity in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where (i) such Person is organized, (ii) there is no requirement to be so registered, or (iii) the failure to be so qualified or in good standing has not had, and would not be reasonably expected to have, a Material Adverse Effect.  Each Subsidiary organized under the laws of England and Wales or organized under the laws of a European Union jurisdiction represents and warrants to the Lenders that its “centre of main interest” (as that term is used in Article 3(l) of the EU Insolvency Regulation) is its jurisdiction of organization.

4.2Due Authorization.  The execution, delivery and performance of the Credit Documents have been duly authorized by all necessary action on the part of each Credit Party that is a party thereto.

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4.3No Conflict; Government Consents.

(a)No Conflict with Organizational Documents, Law or Contractual Obligations; No Creation of Liens.  The execution, delivery and performance by each Credit Party of the Credit Documents to which it is a party and the consummation of the transactions contemplated by the Credit Documents do not and will not (i)(1) violate any of the Organizational Documents of such Credit Party or (2) otherwise require any approval of any stockholder, member or partner of such Credit Party, except for such approvals or consents which have been obtained or made; (ii) violate any provision of any law, rule, regulation, order, judgment or decree of any Governmental Authority applicable to or otherwise binding on such Credit Party, except to the extent such violation would not reasonably be expected to have a Material Adverse Effect; (iii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under, or otherwise require any approval or consent of any Person under, any Contractual Obligation of such Credit Party, except to the extent such conflict, breach or default would not reasonably be expected to have a Material Adverse Effect, and except for such approvals or consents which have been obtained or made; or (iv) result in or require the creation or imposition of any Lien upon any of the properties or assets of such Credit Party (other than any Liens created under any of the Credit Documents in favor of the Collateral Agent, on behalf of the Secured Parties, and Permitted Liens).

(b)Governmental Consents.  The execution, delivery and performance by each Credit Party of the Credit Documents to which it is party and the consummation of the transactions contemplated by the Credit Documents do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority, except for such filings and recordings with respect to the Collateral made as of the Closing Date or made or to be made in accordance with Sections 5.10, 5.12 and 5.16.

4.4Binding Obligation.  Each Credit Document has been duly executed and delivered by each Credit Party that is a party thereto and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by general equitable principles, regardless of whether considered in a proceeding in equity or at law and principles of good faith and fair dealing.

4.5Historical Financial Statements.  The Historical Financial Statements were prepared in conformity with GAAP applied on a consistent basis throughout the periods covered thereby, except as may be indicated in the notes thereto, and fairly present, in all material respects, the financial position, on a consolidated basis, of the Persons described in such financial statements as at the respective dates thereof and the results of operations and cash flows, on a consolidated basis, of the entities described therein for each of the periods then ended, subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments.

4.6Projections.  On and as of the Closing Date, the projections of the Company and its Subsidiaries for the period from the Closing Date through and including Fiscal Year 2024 (the “Projections”) are based on good faith estimates and assumptions made by the management of the Company; provided that (i) forecasts are not to be viewed as facts, (ii) any forecasts are subject to significant uncertainties and contingencies, many of which are beyond the control of the Credit Parties, (iii) no assurance can be given that any particular forecasts will be realized and (iv) actual results may differ and such differences may be material.

4.7No Material Adverse Effect.  Since September 27, 2019, no event or change has occurred that has caused or would reasonably be expected to cause, either in any case or in the aggregate, a Material Adverse Effect.

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4.8Adverse Proceedings.  There are no Adverse Proceedings, individually or in the aggregate, that would reasonably be expected to have a Material Adverse Effect.  Neither the Company nor any of the Subsidiaries is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

4.9Payment of Taxes.  Except as otherwise permitted under Section 5.3 or as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, the Company and the Subsidiaries have timely filed with the appropriate United States federal, state, local and foreign taxing authorities all Tax returns and reports that were required to be filed and have timely paid all Taxes owed by them, whether or not shown on such Tax returns or reports, that would, in the aggregate, if not paid, be material to the Company and the Subsidiaries when taken as a whole or be reportable under the Exchange Act or required under FASB Standards to be disclosed on the Company’s consolidated audited financial statements.

4.10Ownership of Material Property.

(a)Generally.  The Company and its Subsidiaries have (i) good, valid and legal fee simple title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or tangible personal property) and (iii) good title to (in the case of all other tangible personal property), all of their respective properties and material assets necessary in the ordinary conduct of the Business, except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.  Except as permitted by this Agreement or as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, all such properties and assets are free and clear of Liens, except for Permitted Liens.

(b)Capital Stock and Subsidiaries  The Capital Stock of the Company and each Subsidiary that is owned by the Company or any Subsidiary has been duly authorized and validly issued in compliance with all applicable federal, state and other Laws and is fully paid and non-assessable (except to the extent such concepts are not applicable under the applicable Law of such Subsidiary’s jurisdiction of formation).  Except as set forth on Schedule 4.10(b), as of the Closing Date, there is no existing option, warrant, call, right, commitment or other agreement (including preemptive rights) to which any Subsidiary is a party requiring, and there is no membership interest or other Capital Stock of any Subsidiary outstanding which upon conversion or exchange would require, the issuance by any Subsidiary of any additional membership interests or other Capital Stock of any Subsidiary or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Capital Stock of any Subsidiary.  On the Closing Date, the Company has no equity investments in any other Person other than those specifically disclosed in Schedule 4.10(b).

(c)Intellectual Property.  The Company and the Subsidiaries own or have the right to use all Intellectual Property that is used in or otherwise necessary for the operation of their respective Business as currently conducted, except where the failure of the foregoing would not reasonably be expected to have a Material Adverse Effect.  The operation of the Business by the Company and the Subsidiaries does not infringe upon, misappropriate, violate or otherwise conflict with the Intellectual Property of any third party, except, in each case, as would not reasonably be expected to have a Material Adverse Effect.

4.11Environmental Matters.  To the best of the Company’s knowledge and belief, the Company and each Subsidiary is in substantial compliance with all material provisions of applicable Environmental Laws and all judgments, orders and decrees relating thereto and binding upon the 

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Company or any Subsidiary, in each case except where failure to be in compliance would not have a Material Adverse Effect.

4.12Investment Company Regulation.  Neither the Company nor any of its Subsidiaries is a “registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of 1940.

4.13Margin Stock.  Neither the Company nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock.  No part of the proceeds of any Credit Extension made to or for the benefit of any Credit Party or any Subsidiary will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or for any purpose that violates, or is inconsistent with, the provisions of Regulation U or X of the Board of Governors, as in effect from time to time or any other regulation thereof or to violate the Exchange Act.

4.14EEA Financial Institutions.  No Credit Party is an EEA Financial Institution.

4.15ERISA Compliance.

(a)Each Plan is in compliance in all respects with the applicable provisions of ERISA, the Internal Revenue Code and other federal or state Laws, except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.  The Company and each Borrower and ERISA Affiliate have made all required contributions to each Plan subject to the Pension Funding Rules, and no application for a funding waiver or an extension of any amortization period pursuant to the Pension Funding Rules has been made with respect to any Plan.

(b)There are no pending or, to the best knowledge of the Company or any Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that would reasonably be expected to have a Material Adverse Effect.  There has been no prohibited transaction under ERISA or the Internal Revenue Code or violation of the fiduciary responsibility rules set forth in Part 4 of Title I of ERISA with respect to any Plan that has resulted or would reasonably be expected to result in a Material Adverse Effect.

(c)(i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability in an amount that would result in a Material Adverse Effect;  ; and (iii) neither the Company nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.

(d)Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, with respect to each scheme or arrangement mandated by a government other than the United States (a “Foreign Government Scheme or Arrangement”) and with respect to each employee benefit plan maintained or contributed to by any Credit Party or any Subsidiary of any Credit Party that is not subject to United States law (a “Foreign Plan”):

(i)any employer and employee contributions required by law or by the terms of any Foreign Government Scheme or Arrangement or any Foreign Plan have been made, or, if applicable, accrued, in accordance with normal accounting practices;

(ii)the fair market value of the assets of each funded Foreign Plan, together with the liability of each insurer for any Foreign Plan funded through insurance or the 

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book reserve established for any Foreign Plan, and any accrued contributions, is sufficient to procure or provide for the accrued benefit obligations, as of the Closing Date, with respect to all current and former participants in such Foreign Plan according to the actuarial assumptions and valuations most recently used to account for such obligations in accordance with applicable generally accepted accounting principles; and

(iii)each Foreign Plan required to be registered has been registered and has been maintained in good standing with applicable regulatory authorities.

4.16Solvency.  On the Closing Date, after giving effect to the Transactions, including the making of the Credit Extensions to be made on the Closing Date and giving effect to the application of the proceeds thereof, the Company and the Subsidiaries, on a consolidated basis, are Solvent.

4.17Compliance with Laws.

(a)Generally.  Each of the Company and the Subsidiaries is in compliance with all applicable Laws in respect of the conduct of its business and the ownership of its property, except (i) such instances in which such Laws are being contested in good faith by appropriate proceedings diligently conducted and (ii) such non-compliance that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

(b)Anti-Corruption Laws and Sanctions.  The Company has implemented and maintains in effect policies and procedures designed to ensure compliance by the Company, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and, since three (3) years prior to the Closing Date, the Company, its Subsidiaries and their respective directors, officers and employees, and to the knowledge of the Company, its agents with respect to their dealings by or on behalf of the Company, are in compliance with applicable Sanctions in all material respects. None of (a) the Company, any Subsidiary or to the knowledge of the Company or such Subsidiary any of their respective directors, officers or employees, or (b) to the knowledge of the Company, any agent of the Company or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Blocked Person. No Credit Extension or Letter of Credit, use of proceeds or other Transactions will violate any Anti-Corruption Law or Sanctions applicable to any party hereto.  In relation to each Lender that notifies the Administrative Agent to this effect (each a “Restricted Lender”), this Section 4.17(b) shall only apply for the benefit of that Restricted Lender to the extent that the Sanctions provisions would not result in (i) any violation of, conflict with or liability under EU Regulation (EC) 2271/96 or (ii) a violation or conflict with section 7 foreign trade rules (AWV) (Außenwirtschaftsverordnung) (in connection with section 4 para 1 no 3 foreign trade law (AWG) (Außenwirtschaftsgesetz)) or a similar anti-boycott statute. In connection with any amendment, waiver, determination or direction relating to any part of this Section 4.17(b) of which a Restricted Lender does not have the benefit, the Revolving Credit Commitments of that Restricted Lender will be excluded for the purpose of determining whether the consent of the Required Lenders has been obtained or whether the determination or direction by the Required Lenders has been made.

4.18Disclosure.

(a)None of the written information and data (other than any projections, any information of a forward-looking nature and any general economic or specific industry information developed by, and obtained from, third-party sources) heretofore furnished to any Agent or the Lenders by or on behalf of the Company on or prior to the Closing Date for use in connection with the transactions contemplated hereby, when taken as a whole, contains any untrue statement of a material fact or omits to state a material fact (known to any Responsible Officer of the Company, in the case of any document not 

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furnished by the Company) necessary in order to make the statements contained therein taken as a whole not materially misleading in light of the circumstances under which such statements were made (after giving effect to all supplements and updates to such written information and data, in each case, furnished after the date on which such written information or data was originally delivered and prior to the Closing Date).  Any projections furnished in writing to any Agent or the Lenders by or on behalf of the Company have been prepared in good faith based upon assumptions believed by the Company to be reasonable at the time made (it being understood and agreed that such projections are not to be viewed as a guarantee of financial performance or achievement, that such projections are subject to significant uncertainties and contingencies, many of which are beyond the Company’s control, and that actual results may differ from such projections and such differences may be material).

(b)As of the Closing Date, to the best knowledge of the Company, the information included in the Beneficial Ownership Certification provided on or prior to the Closing Date to any Lender in connection with this Agreement is true and correct in all respects.

4.19Perfection of Security Interests in the Collateral.  On the Closing Date, the Collateral Documents create valid security interests in, and Liens on, the Collateral of the Credit Parties purported to be covered thereby on such date and described therein (other than foreign Intellectual Property), which security interests and Liens will be first priority Liens (subject to Permitted Liens) with respect to personal property of the Credit Parties, to the extent such Liens are perfected by filing appropriate UCC-1 financing statements against each such Credit Party with the secretary of state of the state of incorporation or formation of each such Credit Party and appropriate filings with the U.S. Patent and Trademark Office and the U.S. Copyright Office, as applicable, or the pledge of original stock certificates representing Capital Stock and customary stock and other equity powers related thereto upon the timely and proper filings, deliveries, notations and other actions contemplated by the Collateral Documents (to the extent that such security interests and Liens may be perfected by such filings, deliveries, notations and other actions contemplated by the Collateral Documents).

4.20Use of Proceeds.  The Company has used (or will use) the proceeds of the Revolving Loans and the Swing Line Loans in accordance with Section 2.6.

4.21Representation as to Foreign Subsidiaries.  The Company and each Borrower that is a Foreign Subsidiary represents and warrants to the Administrative Agent and the Lenders that:

(a)Such Foreign Subsidiary is subject to civil and commercial Laws with respect to its obligations under this Agreement and the other Credit Documents to which it is a party (collectively as to such Foreign Subsidiary, the “Applicable Foreign Subsidiary Documents”), and the execution, delivery and performance by such Foreign Subsidiary of the Applicable Foreign Subsidiary Documents constitute and will constitute private and commercial acts and not public or governmental acts.  Neither such Foreign Subsidiary nor any of its property has any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign Subsidiary is organized and existing in respect of its obligations under the Applicable Foreign Subsidiary Documents.

(b)The Applicable Foreign Subsidiary Documents are in proper legal form under the Laws of the jurisdiction in which such Foreign Subsidiary is organized and existing for the enforcement thereof against such Foreign Subsidiary under the Laws of such jurisdiction, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Subsidiary Documents. It is not necessary to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Subsidiary Documents that the Applicable Foreign Subsidiary Documents be filed, registered or recorded with, or executed or notarized before, any court or other 

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authority in the jurisdiction in which such Foreign Subsidiary is organized and existing or that any registration charge or stamp or similar Tax be paid on or in respect of the Applicable Foreign Subsidiary Documents or any other document, except for (i) any such filing, registration, recording, execution or notarization as has been made or is not required to be made until the Applicable Foreign Subsidiary Document or any other document is sought to be enforced and (ii) any charge or Tax as has been timely paid.

(c)There is no Tax imposed by any Governmental Authority in or of the jurisdiction in which such Foreign Subsidiary is organized and existing either (i) on or by virtue of the execution or delivery of the Applicable Foreign Subsidiary Documents or (ii) on any payment to be made by such Foreign Subsidiary pursuant to the Applicable Foreign Subsidiary Documents, except as has been disclosed to the Lenders.

(d)The execution, delivery and performance of the Applicable Foreign Subsidiary Documents executed by such Foreign Subsidiary are, under applicable foreign exchange control regulations of the jurisdiction in which such Foreign Subsidiary is organized and existing, not subject to any notification or authorization except (i) such as have been made or obtained or (ii) such as cannot be made or obtained until a later date (provided that any notification or authorization described in clause (ii) shall be made or obtained as soon as is reasonably practicable).

SECTION 5.AFFIRMATIVE COVENANTS

The Company, each Subsidiary Borrower and each Guarantor Subsidiary covenants and agrees that so long as the Revolving Credit Commitments have not been terminated and until the principal of and interest on each Loan, all fees and all other expenses or amounts payable under any Credit Document (other than amounts in respect of indemnification, expense reimbursement, yield protection or Tax gross-up and contingent obligations, in each case that are not then owing or with respect to which no claim has been made) have been paid in full and all Letters of Credit have been cancelled, or have expired or have been cash collateralized or otherwise backstopped in a manner satisfactory to the applicable Issuing Bank and all amounts drawn thereunder have been reimbursed in full, it will perform, and the Company will cause each of the Subsidiaries to perform (to the extent applicable to such Subsidiaries), all covenants in this Section 5.

5.1Financial Statements; Notices and Other Reports.  The Company will deliver to the Administrative Agent by Electronic Transmission, and the Administrative Agent will deliver to the Lenders by Electronic Transmission:

(a)Annual Financial Statements.  As soon as available, and in any event within one hundred twenty (120) days after the end of each Fiscal Year ended after the Closing Date, (i) the consolidated balance sheet of the Company and the Subsidiaries and Unrestricted Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of operations, shareholders’ equity and cash flows of the Company and the Subsidiaries and Unrestricted Subsidiaries for such Fiscal Year, setting forth, in each case, in comparative form the corresponding figures for the previous Fiscal Year, together with a Financial Officer Certification and, within five (5) days after delivery of the financial statements contemplated by this clause (a), a Narrative Report with respect thereto, and (ii) with respect to such consolidated financial statements, a report thereon by PricewaterhouseCoopers LLP or any other independent certified public accountants of recognized national or regional standing selected by the Company (or another accounting firm selected by the Company and reasonably satisfactory to the Administrative Agent), which report (1) will not be subject to any explanatory statement as to the Company’s ability to continue as a “going concern” or like qualification or exception (other than with respect to (A) an upcoming maturity of any Loans under this Agreement or (B) any actual or anticipated 

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inability to satisfy any Financial Covenant) or any qualification or exception as to the scope of such audit and (2) will state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of the Company, the Subsidiaries and the Unrestricted Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements).

(b)Interim Financial Statements.  As soon as available, and in any event within sixty (60) days after the end of each of the first three Fiscal Quarters of each Fiscal Year, commencing with the March 27, 2020 Fiscal Quarter, the consolidated balance sheet of the Company and the Subsidiaries and Unrestricted Subsidiaries as at the end of such Fiscal Quarter and the related consolidated statements of operations and cash flows of the Company and the Subsidiaries and Unrestricted Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth, in each case, in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year, all in reasonable detail and in accordance with GAAP in all material respects (subject to normal year-end audit adjustments and the absence of footnotes), together with a Financial Officer Certification and, within five (5) days after delivery of the financial statements contemplated by this clause (b), a Narrative Report with respect thereto.  The Company may elect, in its sole discretion, to also provide the consolidated balance sheet of the Company and the Subsidiaries and Unrestricted Subsidiaries as at the end of the fourth Fiscal Quarter of any Fiscal Year and the related consolidated statements of comprehensive income and cash flows of the Company and the Subsidiaries and Unrestricted Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, but shall not be under any obligation to provide such fourth Fiscal Quarter financial statements and any failure to so deliver such financial statements shall not constitute a Default or Event of Default under any Credit Document.

(c)Perfection Certificate.  Together with each delivery of financial statements of the Company and the Subsidiaries and Unrestricted Subsidiaries pursuant to Sections 5.1(a) only, a duly completed Perfection Certificate for the Credit Parties as of the most recent balance sheet date reflected in such financial statements; provided that the Company shall not be required to deliver any Perfection Certificate with respect to any Fiscal Year ended on or prior to December 31, 2019.

(d)Information Regarding Unrestricted Subsidiaries.  Notwithstanding anything to the contrary in this Section 5.1, if the Company has any Unrestricted Subsidiaries as of the last date on which the financial statements for any fiscal period are required to be delivered pursuant to Section 5.1(a), 5.1(b) or 5.1(c), then the Company will include, together with delivery of such financial statements, consolidating information (which may be unaudited) that shows in reasonable detail in accordance with GAAP the breakdown of assets and liabilities, and revenues and expenses, between the Company and the Subsidiaries, on the one hand, and the Unrestricted Subsidiaries, on the other hand, as of the dates and for the periods covered by such financial statements.

(e)Compliance Certificate.  Together with each delivery of financial statements of the Company and the Subsidiaries and Unrestricted Subsidiaries pursuant to Sections 5.1(a) and 5.1(b), a duly executed and completed Compliance Certificate; provided that (i) the Compliance Certificate accompanying such financial statements for any Fiscal Quarter or Fiscal Year will certify as to (and will include the information and calculations necessary for determining) compliance or non-compliance with the applicable Financial Covenants for the Test Period ended as of the date of such financial statements commencing with the Q4-2019 Test Period and (ii) the Compliance Certificate accompanying such financial statements for any Fiscal Quarter or Fiscal Year will be required to include calculations in respect of the Financial Covenant set forth in Section 6.7(c) only to the extent that the Company is 

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required to maintain a specified level of Liquidity pursuant to such Section as of the end of the applicable Test Period.

(f)Statements of Reconciliation after Change in Accounting Principles.  If, as a result of any change in GAAP from that used in the preparation of the Historical Financial Statements, the consolidated financial statements of the Company and the Subsidiaries and Unrestricted Subsidiaries delivered pursuant to this Section 5.1 will differ in any material respect from the consolidated financial statements that would have been delivered had no such change in GAAP occurred, then the Company will deliver, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all prior financial statements delivered for the Fiscal Year immediately preceding the Fiscal Year in which such change occurred.

(g)Accountants’ Report.  Promptly upon receipt thereof, copies of all final management letters identifying a material weakness or significant deficiency submitted by the independent certified public accountants referred to in Section 5.1(a) in connection with each annual, interim or special audit or review of any type of the financial statements or related internal control systems of the Company or any Subsidiary made by such accountants.

(h)Notice of Default.  Promptly upon a Responsible Officer of the Company obtaining knowledge:

(i)    of the occurrence of any Default or Event of Default;
(ii)    that any Person has given any notice to the Company or any Subsidiary or taken any other action with respect to any event or condition set forth in Section 8.1(b); or
(iii)    of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect;
a certificate of an Authorized Officer of the Company specifying the nature and period of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature of such claimed Event of Default, Default, default, event or condition, and what action the Company has taken, is taking and proposes to take with respect thereto.
(i)Notice of Litigation and Judgments.  Promptly upon a Responsible Officer of the Company obtaining knowledge of:

(i) the institution of, or non-frivolous threat of, any Adverse Proceeding not previously disclosed in writing by the Company to the Administrative Agent; or
(ii) any material development in any Adverse Proceeding or the entry of any judgment;
that if adversely determined would be reasonably expected to result in a Material Adverse Effect, written notice thereof by the Company together with such other information as may be reasonably available to the Company to enable the Administrative Agent and its counsel to evaluate such matters.
(j)Notices of ERISA Events.  Promptly upon a Responsible Officer of the Company becoming aware of the occurrence of any ERISA Event that would reasonably be expected to result in a Material Adverse Effect, a written notice specifying the nature thereof, what action the Company or any 

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Subsidiary or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto.

(k)Notices Related to OFAC, Etc.  The Company will promptly notify the Administrative Agent if (i) a Responsible Officer of the Company has knowledge that any Credit Party or any Subsidiary or its Unrestricted Subsidiaries or any of their respective directors, officers, and employees is listed on the OFAC Lists or otherwise becomes a Blocked Person, (ii) any Credit Party or any Subsidiary or Unrestricted Subsidiary, or any of their respective directors and officers (or, to the knowledge of a Responsible Officer, any employees of any Credit Party or any Subsidiary or Unrestricted Subsidiary) is convicted on, pleads nolo contendere to, is indicted on, or is arraigned and held over on, charges involving money laundering or Sanctions, or (iii) any Credit Party or any Subsidiary or Unrestricted Subsidiary or any of their respective directors or officers (or, to the knowledge of a Responsible Officer, any employees of any Credit Party or any Subsidiary or Unrestricted Subsidiary) has received formal notice of any proceeding or investigation by any Governmental Authority in connection with any violation of any applicable Sanctions.

(l)Other Material Indebtedness.  Promptly after the delivery to the applicable Debt Representative for any other Material Indebtedness (or any Refinancing Indebtedness in respect of any of the foregoing) of the definitive documentation evidencing such Indebtedness, the Company will deliver to the Administrative Agent copies of all such executed definitive documents and all material amendments, modifications, supplements, waivers or other material documents delivered pursuant to the terms of the definitive documentation for any such Material Indebtedness (including any such security documentation related thereto).

(m)Other Information.  The Company will deliver to the Administrative Agent, promptly upon request therefor, such other information and data with respect to the Company, any Subsidiary or any Unrestricted Subsidiary the Administrative Agent may from time to time reasonably request (including on behalf of any Lender) relating to the Loans including the Beneficial Ownership Regulation.

(n)Certification of Public Information.  Concurrently with the delivery of any document or notice required to be delivered pursuant to this Section 5.1, the Company will indicate in writing whether such document or notice contains Nonpublic Information.  The Company and each Lender acknowledge that certain of the Lenders may be “public-side” Lenders (Lenders that do not wish to receive Nonpublic Information, a “Public Lender”) and, if documents or notices required to be delivered pursuant to this Section 5.1 or otherwise are being distributed by Electronic Transmission (including, through IntraLinks/IntraAgency, SyndTrak or another relevant website or other information platform approved by the Administrative Agent (the “Platform”)), any document or notice that the Company has indicated contains Nonpublic Information will not be posted on that portion of the Platform designated for such public-side Lenders.  If the Company has not indicated whether a document or notice delivered pursuant to this Section 5.1 contains Nonpublic Information, the Administrative Agent reserves the right to post such document or notice solely on that portion of the Platform designated for Lenders who wish to receive Nonpublic Information with respect to the Company and the Subsidiaries and their respective securities.  Notwithstanding the foregoing or anything to the contrary in this Agreement, the following documentation, notices and information shall be deemed not to contain Nonpublic Information: (A) the Credit Documents, (B) notification of changes in the terms of the Credit Documents and (C) all information delivered pursuant to Section 5.1(a), (b) or (e).

(o)Substitution of SEC Reports or Parent Financial Statements; Purchase Accounting.  Notwithstanding anything to the contrary in this Section 5.1:

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(i)The filing by the Company or any Parent, as applicable, of a Form 10-K or Form 10-Q (or any successor or comparable forms) with the Securities and Exchange Commission (or any successor thereto) with respect to any Fiscal Year or Fiscal Quarter will be deemed to satisfy the obligations under Section 5.1(a) or 5.1(b), as applicable, as to the Credit Parties and Subsidiaries covered by such filing to deliver financial statements and a Narrative Report;

(ii)the obligations referred to in Sections 5.1(a) and 5.1(b) may be satisfied (A) by furnishing the financial statements of the Company or any Parent for the applicable Fiscal Year or Fiscal Quarter, as applicable, and (B) by the public filing by the Company or any Parent of a Form 10-K or Form 10-Q, as applicable, filed with the Securities and Exchange Commission (or any successor thereto); provided that, with respect to each of the preceding clauses (A) and (B), (1) if and so long as the Company and/or such Parent and its Subsidiaries has no material independent operations, such information is accompanied by consolidating information that need not be audited and that explains in reasonable detail the differences between the information relating to the Company or such Parent and its assets and liabilities, and revenues and expenses, on the one hand, and the information relating to the Company and the Subsidiaries and Unrestricted Subsidiaries, on the other hand, and (2) to the extent such information is in lieu of information required to be provided under Section 5.1(a), such materials are accompanied by a report and opinion of independent registered public accounting firm of nationally or regionally recognized standing selected by the Company (or another accounting firm selected by the Company and reasonably satisfactory to the Administrative Agent) that satisfies the criteria set forth in Section 5.1(a)(ii);

(iii)any financial statements required to be delivered pursuant to Sections 5.1(a) or 5.1(b) will not be required to contain purchase accounting adjustments relating to the Transactions or any other any transaction(s) permitted hereunder (including Permitted Investments); and

(iv)the Administrative Agent will not have any obligation to request the delivery of or to maintain copies of the documents referred to above.

(p)Confidentiality and Privilege.  Notwithstanding anything to the contrary in any Credit Document, neither the Company nor any Subsidiary will be required to deliver or disclose to the Administrative Agent or any Lender any financial information or data (i) that constitutes non-financial trade secrets or non-financial proprietary information as determined in accordance with the Company’s reasonable policies and practices applicable to safeguarding such trade secrets or proprietary information (or to the extent any Agent, any Issuing Bank or any Lender declines receipt of such trade secrets in accordance with the last sentence of Section 10.17(a)), (ii) in respect of which disclosure is prohibited or restricted by applicable Laws, including all applicable security regulations and requirements of any Governmental Authority, (iii) that is subject to bona fide attorney client or similar privilege or constitutes attorney work product or (iv) the disclosure of which is prohibited by binding agreements not entered into primarily for the purpose of qualifying for the exclusion in this clause (iv); provided the foregoing will not limit the Company’s obligation to deliver financial statements pursuant to Section 5.1(a) and 5.1(b).

5.2Existence.  Except as otherwise permitted under Section 6.8, (a) each Credit Party will, and will cause each of the Subsidiaries to, at all times preserve and keep in full force and effect (i) its existence and (ii) all rights and franchises, licenses and permits unless, in each case of this clause (a) (other than with respect to the preservation of the existence of the Company and each Subsidiary Borrower), the failure to do so would not reasonably be expected to have, individually or in the aggregate, 

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a Material Adverse Effect and (b) each Credit Party that is a Foreign Subsidiary will maintain all authorizations, consents, approvals and licenses from, exemptions of, and filings and registrations with, each Governmental Authority of the jurisdiction in which such Credit Party is organized and existing, unless the failure to do so would not have a Material Adverse Effect.

5.3Payment of Taxes and Indebtedness.  Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, the Company will, and will cause each of its Subsidiaries to (a) pay all Taxes as and when due and (b) make all scheduled payments of all Indebtedness of the Company and the Subsidiaries, as and when due in accordance with the documents governing such Indebtedness as in effect from time to time (after giving effect to all amendments, restatements, supplements or other modifications thereto and all waivers and replacements thereof); provided that no such Tax, claim or Indebtedness need be paid if it is being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, so long as adequate reserve or other appropriate provision, as may be required pursuant to GAAP has been made therefor.

5.4Maintenance of Properties.  Except if the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and as otherwise permitted under Section 6.8, the Company will, and will cause each of the Subsidiaries to, maintain or cause to be maintained in good repair, working order and condition, ordinary wear and tear excepted, all tangible properties that are necessary in the operation of the business of such Person and from time to time will make or cause to be made all necessary repairs, renewals and replacements thereof in Borrower’s reasonable discretion, and prosecute, protect, defend, preserve, maintain, renew and enforce all Intellectual Property (except to the extent the Company reasonably determines in good faith that (a) such actions are not necessary or (b) the cost of such actions is excessive in relation to the value of such Intellectual Property).

5.5Insurance.  The Company will maintain or cause to be maintained, with financially sound and reputable unaffiliated insurers, such liability insurance, third party property damage insurance, business interruption insurance and casualty insurance with respect to liabilities, losses or damage in respect of the assets, properties and Business of the Company and the Subsidiaries as may customarily be carried or maintained under similar circumstances by Persons engaged in similar Business, in each case, in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as may be customary for such Persons.  Without limiting the generality of the foregoing, the Company will maintain or cause to be maintained replacement value casualty insurance on the Collateral under such policies of insurance, with such insurance companies, in such amounts, with such deductibles, and covering such risks as are at all times carried or maintained under similar circumstances by Persons engaged in similar Business.  Alternatively, the Company may self-insure in such amounts and in such manner as may be appropriate in the Company’s industry and in the Company’s reasonable business judgment.  Subject to Section 5.16, each such policy of insurance will, (i) in the case of liability insurance, name the Collateral Agent, on behalf of the Secured Parties, as an additional insured thereunder as its interests may appear and (ii) in the case of each casualty insurance policy, contain a lender loss payable clause or endorsement that names the Collateral Agent, on behalf of the Secured Parties, as the lender loss payee thereunder for any covered loss.  The Company will use commercially reasonable efforts to cause such policy of insurance to provide for at least 30 days’ prior written notice to the Collateral Agent of any modification or cancellation of the policy.  To the extent that the requirements of this Section 5.5 are not satisfied on the Closing Date, the Company may satisfy such requirements within ninety (90) days of the Closing Date (as extended by the Administrative Agent in its reasonable discretion).

5.6Books and Records; Inspections.  Each Credit Party will, and the Company will cause each of the Subsidiaries to, keep proper books of record and accounts in which full, true and 

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correct entries will be made of all material dealings and transactions in relation to its business and activities.  Subject to Section 5.1(p) and Section 10.17(a), each Credit Party will, and the Company will cause each of the Subsidiaries to, during normal business hours and with reasonable advance notice, permit the Administrative Agent and any Lender and their respective authorized representatives to visit and inspect any of the properties of such Person, to inspect, copy and take extracts from its and their financial and accounting records, and to discuss its and their affairs, finances and accounts with its and their officers and independent public accountants, all upon reasonable notice and at such reasonable times during normal business hours and as often as may reasonably be requested; provided that (a) unless an Event of Default has occurred and is continuing, only the Administrative Agent on behalf of the Lenders may exercise rights under this Section 5.6; provided further, that unless an Event of Default has occurred and be continuing, the Administrative Agent shall not exercise such rights more often than two (2) times during any calendar year and only one (1) such time shall be at the Company’s expense and (b) in respect of any such discussions with any independent accountants, the Company or such Subsidiary, as the case may be, must receive reasonable advance notice thereof and a reasonable opportunity to participate therein and such discussions will be subject to the execution of any indemnity, non-reliance letter or other than requirements of such accountants.  The Administrative Agent and the Lenders acknowledge and agree that, in accordance with its policies and practices related to trade secrets and non-proprietary financial information, the Company can restrict access to areas of certain facilities of the Company or its Subsidiaries, but such policies and practices will not restrict access generally to the personnel of the Company and its Subsidiaries outside such areas.

5.7Compliance with Laws.  The Company will comply, and will cause each of the Subsidiaries to comply, with the requirements of all applicable Laws, rules, regulations and orders of any Governmental Authority (including all applicable Environmental Laws and ERISA, but excluding Export Controls, applicable Sanctions and Anti-Corruption Laws), noncompliance with which would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, unless where such Laws, rules, regulations and orders are being contested in good faith by appropriate proceedings diligently conducted.  The Company will comply, and will cause each of the Subsidiaries to comply, in all material respects with the requirements of all Export Controls, applicable Sanctions and Anti-Corruption Laws unless where such Laws, rules, regulations and orders are being contested in good faith by appropriate proceedings diligently conducted. In relation to each Restricted Lender, this Section 5.7 shall only apply for the benefit of that Restricted Lender to the extent that the Sanctions provisions would not result in (i) any violation of, conflict with or liability under EU Regulation (EC) 2271/96 or (ii) a violation or conflict with section 7 foreign trade rules (AWV) (Außenwirtschaftsverordnung) (in connection with section 4 para 1 no 3 foreign trade law (AWG) (Außenwirtschaftsgesetz)) or a similar anti-boycott statute. In connection with any amendment, waiver, determination or direction relating to any part of this Section 5.7 of which a Restricted Lender does not have the benefit, the Revolving Credit Commitments of that Restricted Lender will be excluded for the purpose of determining whether the consent of the Required Lenders has been obtained or whether the determination or direction by the Required Lenders has been made.

5.8Sanctions and Anti-Corruption Laws.  The Company will maintain in effect and enforce, and will procure that each of the Subsidiaries maintains in effect and enforces, policies, procedures and internal controls designed to ensure compliance by the Company, the Subsidiaries and their respective directors, officers, and employees with applicable Sanctions and Anti-Corruption Laws.

5.9Environmental.

(a)Environmental Disclosure.  The Company will deliver to the Administrative Agent and the Lenders, as soon as practicable following the sending or receipt thereof by the Company or any Subsidiary, a copy of any and all material written communications with respect to any of the 

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following events to the extent such event would reasonably be expected to result in a Material Adverse Effect: (A) any Environmental Claims against the Company or any Subsidiary, (B) any Release that could require Remedial Action by the Company or any Subsidiary, and (C) any request for information from any governmental agency that suggests such agency is investigating whether the Company or any Subsidiary may be potentially responsible for any Hazardous Materials Activity.

(b)Hazardous Materials Activities, Etc.  The Company will promptly take, and will cause each of the Subsidiaries promptly to take, any and all reasonable actions necessary to (i) cure any violation of applicable Environmental Laws by such Credit Party or such Subsidiaries that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (ii) make an appropriate response to any Environmental Claim against the Company or any Subsidiary and discharge any obligations it may have to any Person thereunder where failure to do so would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; provided that neither the Company nor any Subsidiary will be required to undertake any such actions to the extent that its obligation to do so is being contested in good faith by appropriate proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.

5.10Additional Subsidiaries.

(a)In the event that any Person becomes a Subsidiary (which, for purposes of the foregoing reference to “Subsidiary” only, will be deemed to include an Unrestricted Subsidiary) of the Company, such Person will be deemed to be a Subsidiary hereunder until such time as the Company has designated such Subsidiary as an Unrestricted Subsidiary in accordance with the terms hereof.

(b)In the event that any Person becomes a Domestic Subsidiary (other than an Excluded Subsidiary), the Company will, within 45 days (or such longer time as the Administrative Agent may agree in its sole discretion):

(i)cause such Domestic Subsidiary to become a Guarantor hereunder and a Grantor under the Amended and Restated Security Agreement and, to the extent applicable, a Pledgor under the Amended and Restated Securities Pledge Agreement, in each case by executing and delivering to the Administrative Agent and the Collateral Agent a Counterpart Agreement and such other Collateral Documents (including the deliverables set forth in Section 5.11 below and an acknowledgement to any Intercreditor Agreement then applicable), in each case as may be reasonably requested by the Collateral Agent and take and cause such Domestic Subsidiary to take such actions (including the actions set forth in Section 5.11 below) as are required by the Collateral Documents or are reasonably requested by the Collateral Agent to perfect the security interests created by the Collateral Documents;

(ii)upon reasonable request by the Administrative Agent, take all such actions and execute and deliver, or cause to be executed and delivered, all appropriate resolutions, secretary certificates, certified Organizational Documents and customary legal opinions relating to the matters described in this Section 5.10(b); and

(iii)deliver to the Administrative Agent a supplement to Schedule 4.10(b), which will be deemed to supplement Schedule 4.10(b) for all purposes hereof.

(c)In the event that any Person becomes a Foreign Subsidiary or a Foreign Subsidiary Holding Company (in each case, other than an Immaterial Subsidiary) of the Company, and the ownership interests of such Foreign Subsidiary or Foreign Subsidiary Holding Company are owned 

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directly by the Company or by any Guarantor Subsidiary, the Company will, or will cause such Subsidiary to (in the absence of any other applicable limitation hereunder), within 45 days (or such longer time as the Administrative Agent may agree in its sole discretion), deliver all such applicable documents, instruments and agreements necessary in the reasonable determination of the Administrative Agent to grant to the Collateral Agent a perfected Lien in such ownership interests in favor of the Collateral Agent, for the benefit of the Secured Parties, under the Amended and Restated Securities Pledge Agreement; provided that in no event will more than 66% of the Voting Capital Stock of any Foreign Subsidiary or Foreign Subsidiary Holding Company be required to be delivered or granted or perfected as a Lien for the benefit of the Secured Parties; provided further, that in no event will the Company or any Subsidiary be required to execute any document, instrument or agreement, complete any filing or take any other action (i) with respect to the perfection of the Collateral Agent’s security interest in such ownership interests in any jurisdiction outside of the United States or any State thereof, (ii) that would violate applicable Law or (iii) that would provide any Lien in respect of Excluded Assets.

(d)Notwithstanding anything to the contrary in any Credit Document, the Credit Parties are not required to (i) provide a Lien on any Real Estate Asset that it may own or hereafter acquire, or subject such Real Estate Asset to the Lien of the Collateral Documents in favor of the Collateral Agent, for the benefit of the Secured Parties, or (ii) perfect a Lien on any fixtures affixed to any improvements on any Real Estate Asset that it may own or hereafter acquire other than by means of the filing of a financing statement under Article 9 of the UCC (and only to the extent that such financing statement would be effective to effect such perfection).

5.11Additional Collateral.  If the Company or any Credit Party that is a Domestic Subsidiary acquires any property or assets after the Closing Date (or, if such Domestic Subsidiary was not a Credit Party on the Closing Date, after the date on which such Domestic Subsidiary became a Credit Party in accordance with Section 5.10 or otherwise) (in each case, other than (i) Excluded Assets, (ii) Real Estate Assets and (iii) any property or assets that constitute Collateral under the Amended and Restated Security Agreement or Pledged Collateral under the Amended and Restated Securities Pledge Agreement, and in either such case under this clause (iii) become subject to the Lien thereunder upon acquisition thereof), then the Company will notify the Administrative Agent of such acquired property or asset within 5 days of the acquisition thereof, and the Company or the applicable Credit Party will take such actions as the Administrative Agent may reasonably request to grant and perfect a Lien in such property or assets to secure the Obligations.  In addition, in no event shall (1) landlord lien waivers, estoppels, bailee letters or collateral access letters be required, (2) notices be required to be sent to account debtors or other contractual third parties prior to a an Event of Default pursuant to Section 8.1(a) or Section 8.1(f), (3) the Credit Parties be required to enter into or otherwise establish source code escrow or register any intellectual property, or (4) the Credit Parties be required to provide any notice to or obtain the consent of governmental authorities under the Federal Assignment of Claims Act (or any state equivalent thereof).  For purposes of this Section 5.11, “fair market value” will be determined by the Company in good faith (and, if supported by an opinion of a reputable valuation or investment banking firm, shall be conclusive).

5.12Further Assurances.  At any time or from time to time upon the request of the Administrative Agent, each Credit Party will, at its expense, promptly execute, acknowledge and deliver such further documents and do such other acts and things as the Administrative Agent or the Collateral Agent may reasonably request in order to effect fully the purposes of the Credit Documents.  In furtherance and not in limitation of the foregoing, each Credit Party will take such actions as the Administrative Agent or the Collateral Agent may reasonably request from time to time to ensure that the Obligations are guaranteed by the Guarantors and are secured by the Collateral, including all of the outstanding Capital Stock of the Company and each of the Subsidiaries to the extent constituting Collateral.

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5.13Designation of Subsidiaries and Unrestricted Subsidiaries.  The Company may designate any Subsidiary as an Unrestricted Subsidiary or re-designate any Unrestricted Subsidiary as a Subsidiary, in each case, so long as immediately before and after giving effect to such designation or re-designation, (a) no Default or Event of Default will have occurred and be continuing or would immediately result therefrom, and (b) the Company will be in compliance with the Financial Covenants for the most recently ended Test Period prior to giving effect to such designation.

5.14Use of Proceeds.  All proceeds of the Revolving Loans and the Swing Line Loans will be used in accordance with Section 2.6 (including that no part of the proceeds of any Revolving Loan will be used, whether directly or indirectly, for any purpose that would entail a violation of Regulation T, Regulation U or Regulation X).

5.15Permitted Supplier Financing Arrangements.  The Company will, and will cause each of the Subsidiaries to, (a) promptly provide the Administrative Agent with executed copies of all documentation regarding Permitted Supplier Financing Arrangements and (b) include on each Compliance Certificate delivered pursuant to Section 5.1(e) the aggregate amount of any accounts receivable that have been sold pursuant to Permitted Supplier Financing Arrangements during the applicable Fiscal Quarter and the applicable Fiscal Year (or portion thereof) and the applicable discount rate with respect to such sales.

5.16Post-Closing Matters.  The Company will, and will cause each of the Subsidiaries to, take each of the actions set forth on Schedule 5.16 within the time period prescribed therefor on such schedule (as such time period may be extended by the Administrative Agent).

		
	SECTION 6.
	NEGATIVE COVENANTS

The Company, each Subsidiary Borrower and each Guarantor Subsidiary covenants and agrees that so long as the Revolving Credit Commitments have not been terminated and until the principal of and interest on each Loan, all fees and all other expenses or amounts payable under any Credit Document (other than amounts in respect of indemnification, expense reimbursement, yield protection or Tax gross-up and contingent obligations, in each case that are not then owing or with respect to which no claim has been made) have been paid in full and all Letters of Credit have been cancelled, or have expired or have been cash collateralized or otherwise backstopped in a manner satisfactory to the applicable Issuing Bank and all amounts drawn thereunder have been reimbursed in full, it will perform, and the Company will cause each Subsidiary to perform (to the extent applicable to such Subsidiary), all covenants in this Section 6.
6.1Indebtedness.  The Company will not, nor will it permit any Subsidiary to, directly or indirectly, create, incur, assume or guaranty, or otherwise become directly or indirectly liable with respect to any Indebtedness, except:

(a)the Obligations (including all obligations arising under any Secured Rate Contract and all Bank Product Obligations, in each case to the extent constituting Obligations);

(b)Indebtedness, the incurrence of which would not cause the Company to be in violation of the Financial Covenants set forth in Section 6.7 determined as of the most recently ended Test Period on a Pro Forma Basis (including with respect to any applicable Permitted Investment) after giving effect thereto; provided (i) that no Event of Default has occurred and is continuing or would result from such incurrence and (ii) to the extent any such Indebtedness is secured, that the Liens in respect of such Indebtedness are permitted pursuant to Section 6.2;

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(c) Indebtedness of the Company or any Subsidiary described on Schedule 6.1 in existence on the Closing Date;

(d)Indebtedness of the Company or any Subsidiary with respect to Capital Leases and Purchase Money Indebtedness in an aggregate amount at any time outstanding not to exceed the greater of (1) $50,000,000 and (2) an amount equal to 33.3% of TTM Consolidated Adjusted EBITDA at such time (calculated as of the end of the immediately preceding Fiscal Quarter for which financial statements were most recently delivered pursuant to Section 5.1(a) or (b) or, if prior to the first to occur of (x) the date for delivery of the first financial statements to be delivered pursuant to Sections and (y) the date of actual delivery of such first financial statements, the most recent financial statements referred to in Section 4.4), in each case determined at the time of incurrence (but not any refinancings thereof); provided that (i) such Indebtedness is issued and any Liens securing such Indebtedness are created within 365 days after the acquisition, construction, lease or improvement of the asset financed and (ii) any such Indebtedness is secured only by the asset acquired, constructed, leased or improved in connection with the incurrence of such Indebtedness or proceeds thereof and related property; provided further, that individual financings provided by a lender or group of lenders may be cross collateralized to other financings provided by such lender or group;

(e)Indebtedness in respect of Rate Contracts entered into for non-speculative purposes;

(f)Indebtedness of any Subsidiary owing to the Company or to any other Subsidiary, or of the Company owing to any Subsidiary; provided that (i) to the extent that the aggregate principal amount of Indebtedness owed by a Credit Party to a Non-Credit Party at any time outstanding exceeds $25,000,000, such excess amount shall be subject to an intercompany subordination agreement in form and substance reasonably satisfactory to the Administrative Agent and (ii) in the case of any Indebtedness of any such Subsidiary that is not a Guarantor Subsidiary owing to the Company or any Guarantor Subsidiary, such Indebtedness is permitted under Section 6.6 (subject to the proviso at the end thereof);

(g)Permitted Convertible Indebtedness not to exceed $400,000,000 at any one time outstanding;

(h)[reserved];

(i)[reserved];

(j)Indebtedness of a Person or Indebtedness attaching to assets of a Person that, in either case, becomes a Subsidiary, or Indebtedness attaching solely to assets that are acquired by the Company or any Subsidiary, in each case after the Closing Date; provided that (i) such Indebtedness existed at the time such Person became a Subsidiary or at the time such assets were acquired and, in each case, was not created in anticipation or contemplation thereof and (ii) such and Indebtedness is not guaranteed by the Company or any of its Subsidiaries (other than by any Person that becomes a Subsidiary in connection with the foregoing and its Subsidiaries);

(k)Indebtedness incurred by the Company or any Subsidiary in the form of indemnification, incentive, non-compete, consulting, adjustment of purchase price or similar obligations (including “earn-outs” or similar obligations in connection with acquisitions) and other contingent obligations (other than in respect of Indebtedness for borrowed money of another Person), or guaranty securing the performance of the Company or any Subsidiary (both before and after liability associated 

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therewith becomes fixed), in each case, pursuant to any agreement entered into in connection with dispositions or acquisitions (including Permitted Investments) of any business, assets or Subsidiary;

(l)Indebtedness pursuant to any guaranties, performance, surety, statutory, appeal or similar bonds or obligations incurred in the ordinary course of business or any bankers’ acceptance, bank guarantees, letter of credit, warehouse receipt or similar facilities (including in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type obligations regarding workers compensation claims) or tenant improvement loans incurred in the ordinary course of business;

(m)guaranties of the obligations of suppliers, customers, franchisees, lessors and licensees of the Company or any Subsidiary incurred in the ordinary course of business;

(n)Indebtedness in respect of letters of credit issued for the account of the Company or any Subsidiary in the ordinary course of business; provided that the aggregate principal amount of such Indebtedness, when combined with the aggregate amount of Letters of Credit Issued pursuant to Section 2.4(a), will not exceed the Letter of Credit Sub-limit;

(o)Indebtedness of the Company or any Subsidiary in connection with Bank Products incurred in the ordinary course of business;

(p)Indebtedness owing to any unaffiliated insurance company in connection with the financing of insurance premiums;

(q)Indebtedness assumed by the Company or any Subsidiary in connection with a Permitted Investment; provided that no Event of Default has occurred and is continuing or would result from such assumption; and provided further that in the case of such Indebtedness that is assumed, (x) the Total Net Leverage Ratio (after giving effect to the assumption thereof) does not exceed the maximum Total Net Leverage Ratio permitted at the time of such assumption pursuant to Section 6.7(a) determined as of the most recently ended Test Period on a Pro Forma Basis, and (y) such Indebtedness was not created in anticipation or contemplation of such Permitted Investment;

(r)Indebtedness incurred by the Company or any Subsidiary to a seller or vendor in connection with one or more acquisitions in an aggregate amount at any time outstanding not to exceed the greater of (1) $37,500,000 and (2) an amount equal to 25.0% of TTM Consolidated Adjusted EBITDA;

(s)to the extent constituting Indebtedness, Investments permitted under Section 6.6 (other than under Section 6.6(n));

(t)[reserved];

(u)Indebtedness incurred in connection with deferred compensation or stock-based compensation;

(v)(i) Indebtedness consisting of promissory notes issued by the Company or any Subsidiary to current or former officers, managers, consultants, directors and employees (or their respective spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees) to finance the purchase or redemption of Capital Stock or securities convertible into Capital Stock of the Company or any Parent and (ii) reasonable severance payments to officers and employees;

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(w)the incurrence by the Company or any Subsidiary of Indebtedness constituting a Permitted Refinancing in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, defease or discharge any Indebtedness (other than intercompany Indebtedness) that was permitted to be incurred under clause (b), (c), (d), (g), (h), (i), (j), (q), (r), (t), (y) or (z) of this Section 6.1;

(x)(i) guaranties by the Company of Indebtedness of a Guarantor Subsidiary, (ii) guaranties by any Subsidiary of Indebtedness of the Company or a Guarantor Subsidiary, or (iii) guaranties by the Company or a Guarantor Subsidiary of Indebtedness of any Non-Credit Party that would have been permitted as an Investment by the Company or a Guarantor Subsidiary in such Subsidiary pursuant to Section 6.6, with respect, in each case, to Indebtedness otherwise permitted to be incurred pursuant to this Section 6.1; provided that if the Indebtedness that is being guaranteed is unsecured and/or Subordinated Debt, the guaranty will also be unsecured and/or be expressly subordinated in right of payment to the Obligations; provided further, that, in the case of foregoing clause (ii), if such Indebtedness of the Company or a Guarantor Subsidiary is being guaranteed by a Non-Credit Party, then either (A) such Non-Credit Party shall also guarantee the Obligations or (B) such guarantee by such Non-Credit Party shall be subject to the proviso to this Section 6.1 below; 

(y)Indebtedness of Joint Venture Subsidiaries in an aggregate principal amount at any time outstanding not to exceed the greater of (1) $22,500,000 and (2) an amount equal to 15% of TTM Consolidated Adjusted EBITDA; and

(z)additional Indebtedness of the Company or any Subsidiary in an aggregate principal amount, at any time outstanding, not to exceed the greater of (1) $100,000,000 and (2) an amount equal to 75% of TTM Consolidated Adjusted EBITDA;

provided that, the aggregate principal amount of Indebtedness of Non-Credit Parties incurred in reliance on clauses (b), (q) and (z) of this Section 6.1 will not exceed at the time of incurrence thereof the greater of (x) $75,000,000 and (y) an amount equal to 50.0% of TTM Consolidated Adjusted EBITDA at such time (calculated as of the end of the immediately preceding Fiscal Quarter for which financial statements were most recently delivered pursuant to Section 5.1(a) or (b) or, if prior to the first to occur of (x) the date for delivery of the first financial statements to be delivered pursuant to Sections and (y) the date of actual delivery of such first financial statements, the most recent financial statements referred to in Section 4.4), and Permitted Refinancings of the foregoing.

For purposes of determining compliance with this Section 6.1:

(1)the principal amount of Indebtedness outstanding under any clause of this Section 6.1 will be determined after giving effect to the application of proceeds of any such Indebtedness to refinance any such other Indebtedness;

(2)guarantees of, or obligations in respect of letters of credit relating to, Indebtedness that are otherwise included in the determination of a particular amount of Indebtedness will not be included in the determination of such amount of Indebtedness.

(3)(i) the accrual of interest, the accretion of accreted value, the accretion or amortization of original issue discount and the payment of interest in the form of additional Indebtedness, (ii) the payment of premiums, fees, expenses, charges and additional or contingent interest on obligations and (iii) increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies, in each case, will not be deemed to be an incurrence of Indebtedness;

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(4)for purposes of determining compliance with any Cap on the incurrence of Indebtedness, the Dollar equivalent principal amount of Indebtedness denominated in a foreign currency will be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred, in the case of term debt, or first committed or first incurred (whichever yields the lower Dollar equivalent), in the case of revolving credit debt; provided that if such Indebtedness is issued to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable Dollar denominated Cap to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such Dollar denominated Cap will be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed (i) the principal amount of such Indebtedness being refinanced plus (ii) the aggregate amount of accrued but unpaid interest, fees, underwriting discounts, defeasance costs, premiums (including tender premiums) and other costs and expenses (including original issue discount, upfront fees or similar fees) incurred in connection with such refinancing;

(5)the principal amount of any Indebtedness incurred to refinance other Indebtedness, if incurred in a different currency from the Indebtedness being refinanced, will be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on the date of such refinancing.  The principal amount of any non-interest bearing Indebtedness or other discount security constituting Indebtedness at any date will be the principal amount thereof that would be shown on a balance sheet of the Company dated such date prepared in accordance with GAAP;

(6)in the event that an item of Indebtedness (or any portion thereof) meets the criteria of more than one of the clauses of this Section 6.1, the Company may, in its sole discretion, at the time of incurrence, divide, classify or reclassify, or at any later time divide, classify or reclassify, such item of Indebtedness (or any portion thereof) in any manner that complies with this covenant; provided that all Indebtedness created pursuant to the Credit Documents will be deemed to have been incurred in reliance on the exception in clause (a) above, and shall not be permitted to be reclassified pursuant to this paragraph (other than in connection with a refinancing thereof pursuant to a separate exception to this covenant);

(7)for the avoidance of doubt, if the Company or any Subsidiary incurs Incremental Loans using a ratio-based test on the same date that it incurs Indebtedness under any Dollar-based Cap, then the ratio-based test will be calculated with respect to such incurrence under the ratio-based test without regard to any incurrence of such Indebtedness under the Dollar-based Cap;

(8)in the case of any Permitted Refinancing of Indebtedness, (x) the original amount of Refinanced Indebtedness (including with respect to successive Permitted Refinancings) will continue to be considered to have been incurred under the clause of this Section 6.1 in reliance on which such Refinanced Indebtedness was initially incurred (or to which such Refinanced Indebtedness at such time has been classified, as applicable), and (y) if Refinanced Indebtedness was initially incurred in reliance on (or at such time has been classified to, as applicable) a clause of this Section 6.1 that is subject to a Cap, and such Permitted Refinancing would cause such Cap to be exceeded, then such Cap will be deemed not to be exceeded to the extent that the aggregate principal amount of the Refinancing Indebtedness incurred to replace the Refinanced Indebtedness does not exceed the Maximum Refinancing Amount; and

(9)notwithstanding anything to the contrary under any Credit Document, (i) obligations incurred by the Company or a Subsidiary to a third party which do not constitute Indebtedness (including for the avoidance of doubt guarantees for (x) trade obligations incurred by the Company’s Affiliates in the ordinary course of business and (y) Indebtedness or trade obligations of other Persons in which the Company or its Affiliates have made an Investment not otherwise prohibited under Section 6.6) and (ii) 

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contractual indemnities, not having substantially the same effect as a guarantee, given in the ordinary course of business, in each case of sub-clauses (i) and (ii) shall not be restricted by this covenant or any other covenant under the Credit Documents.

6.2Liens.  The Company will not, nor will the Company permit any Subsidiary to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any of its property or assets (including any document or instrument in respect of goods or accounts receivable), whether now owned or hereafter acquired, or any income or profits therefrom, except the following (collectively, “Permitted Liens”):

(a)Liens securing the Obligations (including Incremental Facilities, Extended Revolving Credit Commitments, and all obligations arising under any Secured Rate Contract and all Bank Product Obligations, in each case to the extent constituting Obligations);

(b)[reserved];

(c)Liens described on Schedule 6.2 in existence on the Closing Date, including any modification, replacement, extension or renewal of any such Lien upon or in the same property subject thereto and the modification, replacement, extension, renewal or refinancing of the obligations secured or benefited by such Liens (including, if such Lien secures Indebtedness described on Schedule 6.1, Liens securing any Permitted Refinancing thereof);

(d)Liens securing Indebtedness in respect of Capital Leases and Purchase Money Indebtedness, in each case permitted pursuant to Section 6.1(d), and Permitted Refinancing thereof; provided that, at the time of incurrence of such Liens, the Company would be in compliance with the Financial Covenants applicable as of the most recently ended Test Period on a Pro Forma Basis;

(e)Liens granted to (and in favor of) a Credit Party to secure intercompany Indebtedness permitted by Section 6.1; provided that, if such Liens encumber Collateral, such Liens shall rank junior in priority to the Liens securing the Obligations pursuant to intercreditor and/or subordination terms that are reasonably acceptable to the Required Lenders;

(f)Liens on accounts receivable sold pursuant to Permitted Supplier Financing Arrangement;

(g)Liens on assets acquired, or on assets of a Person that is acquired, securing Indebtedness permitted pursuant to Section 6.1(j) (provided that such (i) Liens were existing at the time of such acquisition and were not created in anticipation or contemplation of such acquisition and (ii) do not extend to property not subject to such Liens at the time of such acquisition (other than improvements thereon)) and Permitted Refinancings thereof; provided that (i) the amount of Current Assets subject to such Liens does not, when aggregated with the aggregate amount of Current Assets subject to Liens permitted by Section 6.2(hh), exceed $35,000,000 at any time outstanding and (ii) at the time of incurrence of such Liens, the Company would be in compliance with the Financial Covenants applicable as of the most recently ended Test Period on a Pro Forma Basis;

(h)Liens solely on any escrow accounts and deposits therein or on any cash earnest money deposits made by the Company or any Subsidiary in connection with any letter of intent or purchase agreement permitted hereunder;

(i)Liens of landlords, carriers, warehousemen, mechanics, repairmen, lessors, workmen and materialmen, and other Liens imposed by law (other than any such Lien imposed pursuant 

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to Section 430(k) of the Internal Revenue Code or by ERISA), in each case incurred in the ordinary course of business and not overdue for a period of more than sixty (60) days or, if more than sixty (60) days overdue, are unfiled and no other action has been taken to enforce such Lien or that are being contested in good faith and by appropriate actions, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP;

(j)Liens for Taxes not yet due or to the extent the Company and the Subsidiaries are in compliance with Section 5.3 with respect thereto;

(k)deposits and other Liens to secure the performance of (i) tenders, bids, trade contracts, governmental contracts, trade contracts, performance and return-of-money bonds and other similar contracts (other than obligations for the payment of Indebtedness for borrowed money) and (ii) leases, subleases, statutory obligations, surety, stay, judgment and appeal bonds, performance bonds and other obligations of a like nature, in each case incurred in the ordinary course of business;

(l)Liens incurred by the Company or any Subsidiary in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security;

(m)Liens created in the ordinary course of business on deposits to secure liability for premiums to insurance carriers or securing insurance premium financing arrangements;

(n)(i) Liens that are contractual or common law rights of set-off or rights of pledge relating to (A) the establishment of depository relations in the ordinary course of business with banks or other deposit-taking financial institutions not given in connection with the incurrence of Indebtedness or (B) pooled deposit or sweep accounts of the Company or any Subsidiary to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Company and the Subsidiaries, or (C) purchase orders and other agreements entered into with customers of the Company or any Subsidiary in the ordinary course of business or consistent with past practice and (ii) Liens securing cash management obligations (that do not constitute Indebtedness) and obligations in respect of Bank Products incurred in the ordinary course of business;

(o)Liens (i) of a collection bank arising under Section 4-208 or 4-210 of the Uniform Commercial Code on the items in the course of collection, (ii) encumbering reasonable customary initial deposits and margin deposits, (iii) attaching to commodity trading accounts or other commodities brokerage accounts incurred in the ordinary course of business or consistent with past practice and not for speculative purposes and (iv) in favor of a banking or other financial institution arising as a matter of law encumbering deposits or other funds maintained with a financial institution (including the right of set-off) and that are within the general parameters customary in the banking industry;

(p)possessory Liens in favor of brokers and dealers arising in connection with the acquisition or disposition of Investments owned as of the Closing Date and in connection with Investments not otherwise prohibited by this Agreement; provided that such Liens (i) attach only to such Investments and (ii) secure only obligations incurred in the ordinary course and arising in connection with the acquisition or disposition of such Investments and not any obligation in connection with margin financing or otherwise;

(q)survey exceptions, encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights-of-way, servitudes, sewers, electric lines, drains, telegraph and telephone and cable television lines, gas and oil pipelines and other similar purposes, reservations of 

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rights, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental to the conduct of the business of such Person or to the ownership of its properties which do not and will not in the aggregate materially adversely interfere with the ordinary conduct of the business of the Company or any Subsidiary;

(r)any zoning or similar land use restrictions or rights reserved to or vested in any governmental office or agency, including without limitation, site plan agreements, development agreements and contractual zoning agreements, to control or regulate the use of any real property;

(s)Liens disclosed by the title insurance policies for any Real Estate Asset and any replacement, extension or renewal of any such Liens (so long as the Indebtedness and other obligations secured by such replacement, extension or renewal Liens are permitted by this Agreement); provided that such replacement, extension or renewal Liens do not cover any property other than the property that was subject to such Liens prior to such replacement, extension or renewal;

(t)any interest or title of a lessor or sublessor under any lease of real estate permitted hereunder or any Liens on such interest or title that do not affect the Company’s or applicable Subsidiary’s leasehold or subleasehold estate in any Real Estate Asset;

(u)leases, licenses, subleases, sublicenses, occupancy agreements or assignments granted to others in the ordinary course of business or consistent with past practice (or other agreement under which the Company or any Subsidiary has granted rights to end users to access and use the Company’s or any Subsidiary’s products, technologies, facilities or services) which do not (x) interfere in any material respect with the business of the Company and the Subsidiaries, taken as a whole, or (y) secure any Indebtedness;

(v)licenses or sub-licenses of patents, copyrights, trademarks and other Intellectual Property rights granted by the Company or any Subsidiary in the ordinary course of business and any interest or title in connection therewith, which do not interfere in any material respect with the ordinary conduct of business of the Company or any Subsidiary;

(w)Liens arising in connection with conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into by the Company or any Subsidiary in the ordinary course of business permitted by this Agreement, and purchase orders and other agreements entered into with customers of the Company or any Subsidiary in the ordinary course of business;

(x)purported Liens (i) evidenced by the filing of precautionary financing statements relating solely to operating leases of personal property entered into in the ordinary course of business or (ii) arising from equipment or other materials which are not owned by the Company or any Guarantor Subsidiary located on the premises of the Company or a Guarantor Subsidiary (but not in connection with, or as part of, the financing thereof) from time to time in the ordinary course of business and consistent with current practices of the Company and the Guarantor Subsidiaries and precautionary financing statement filings in respect thereof;

(y)Liens on cash or Cash Equivalents used to defease or to satisfy and discharge Indebtedness; provided that such defeasance or satisfaction and discharge is not prohibited hereunder;

(z)trustees’ Liens granted pursuant to any indenture governing any Indebtedness not otherwise prohibited by this Agreement in favor of the trustee under such indenture and securing only 

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obligations to pay compensation to such trustee, to reimburse such trustee of its expenses and to indemnify such trustee under the terms of such indenture;

(aa)Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods and Liens on specific items of inventory or other goods and proceeds thereof of any Person securing such Person’s obligations in respect of bankers’ acceptances or letters of credit permitted under Section 6.1 issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods in the ordinary course of business;

(ab)Liens on Capital Stock in joint ventures securing obligations of such joint venture;

(ac)judgment Liens not constituting an Event of Default under Section 8.1(i);

(ad)Liens securing Indebtedness under letters of credit permitted to be incurred pursuant to Section 6.1(n) or cash collateralization (which includes Liens over both the applicable cash or Cash Equivalents and the accounts into which the same are deposited) of such Indebtedness;

(ae)Liens on assets of Non-Credit Parties securing Indebtedness of Non-Credit Parties permitted to be incurred under Section 6.1;

(af)Liens given in the ordinary course of business to a public utility or any Governmental Authority when required by such utility or Governmental Authority in connection with the operation of Borrower’s or such Subsidiary’s business or property;

(ag)Liens securing Indebtedness assumed in connection with a Permitted Investment in reliance on Section 6.1(q), in any such case to the extent incurred as Pari Passu Lien Indebtedness or Junior Lien Indebtedness, and Permitted Refinancings thereof; and

(ah)Liens securing obligations, including Indebtedness, in an aggregate amount not to exceed, on the date such Liens are granted, the greater of (1) $75,000,000 and (2) an amount equal to 50.0% of TTM Consolidated Adjusted EBITDA at such time (calculated as of the end of the immediately preceding Fiscal Quarter for which financial statements were most recently delivered pursuant to Section 5.1(a) or (b) or, if prior to the first to occur of (x) the date for delivery of the first financial statements to be delivered pursuant to Sections and (y) the date of actual delivery of such first financial statements, the most recent financial statements referred to in Section 4.4), and Permitted Refinancings of the foregoing.

For purposes of determining compliance with this Section 6.2:
(1)the increase in the amount of any obligation secured by a Lien by virtue of (i) the accretion or amortization of original issue discount, (ii) the payment of interest, fees and other amounts in the form of Indebtedness, and (iii) as a result of fluctuations in the exchange rate of currencies, in each case will not be deemed to be an incurrence or existence of additional Liens;

(2)in the case of any Permitted Refinancing of Indebtedness or other obligations secured by a Lien, (x) the original amount of Refinanced Indebtedness or other obligations (including with respect to successive Permitted Refinancings) will continue to be considered to have been incurred under the clause of this Section 6.2 in reliance on which such Lien was initially incurred (or to which such Lien at such time has been classified, as applicable), and (y) if any Liens securing obligations are incurred to refinance Liens securing obligations initially incurred in reliance on a clause of this Section 6.2 measured by a Cap, 

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and such refinancing would cause such Cap to be exceeded, then such clause will be deemed not to be exceeded to the extent that the aggregate principal amount of the new obligations incurred to replace such existing obligations does not exceed the Maximum Refinancing Amount;

(3)for the avoidance of doubt, if the Company or any Subsidiary incurs any Lien securing any Incremental Loans using a ratio-based test on the same date that it incurs any Lien securing such Indebtedness under any Dollar-based Cap, then the ratio-based test will be calculated with respect to such incurrence under the ratio-based test without regard to any incurrence of such Indebtedness under the Dollar-based Cap; and

(4)in the event that any Lien (or any portion thereof) meets the criteria of more than one of the clauses of this Section 6.2, the Company may, in its sole discretion, at the time of incurrence, divide, classify or reclassify, or at any later time divide, classify or reclassify, such Lien (or any portion thereof) in any manner that complies with this covenant; provided that all Liens created pursuant to the Credit Documents will be deemed on the Closing Date to have been incurred in reliance on the exception in clause (a) above and shall not be permitted to be reclassified pursuant to this paragraph (other than in connection with a permitted refinancing thereof).

6.3No Further Negative Pledges.  The Company will not, nor will it permit any Subsidiary to, enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, to secure the Obligations other than:

(a)specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to a permitted Asset Sale or other disposition described in the definition of “Asset Sale”;

(b)restrictions by reason of customary provisions restricting assignments, subletting or other transfers contained in leases, licenses, joint venture agreements, asset sale agreements, stock sale agreements and similar agreements entered into to the extent permitted hereunder; provided that such restrictions are limited to the property or assets secured by such Liens or the property or assets subject to such leases, licenses, joint venture agreements, asset sale agreements, stock sale agreements or similar agreements, as the case may be;

(c)restrictions set forth in any document governing Indebtedness permitted pursuant to Section 6.1(b), so long as such restrictions do not restrict or otherwise impair the rights of the Agent, the Lenders or any other Secured Party under this Agreement or any other Credit Document or any refinancing thereof;

(d)restrictions under any subordination or intercreditor agreement reasonably acceptable to the Required Lenders with respect to Indebtedness permitted under Section 6.1;

(e)restrictions on Non-Credit Parties pursuant to Indebtedness permitted under Section 6.1;

(f)restrictions on Persons or property at the time such Person or property is acquired (including under Indebtedness permitted to be incurred pursuant to Section 6.1(j)); provided such restrictions were existing at the time of such acquisition and were not created in anticipation or contemplation thereof and are limited to the Person or property so acquired;

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(g)restrictions on assets financed or acquired pursuant to Section 6.1(d) (to the extent such restrictions were not created in contemplation of such acquisition of assets and do not extend to any assets other than such assets so acquired except to the extent permitted by Section 6.1(d));

(h)restrictions that exist on the Closing Date and (to the extent not otherwise permitted by this Section 6.3) are listed on Schedule 6.3 hereto and to the extent such restrictions are set forth in an agreement evidencing Indebtedness, are set forth in any agreement evidencing any permitted modification, replacement, renewal, extension or refinancing of such Indebtedness so long as such modification, replacement, renewal, extension or refinancing does not expand the scope of such restrictions;

(i)apply by reason of any applicable Law, rule, regulation or order or are required by any Governmental Authority having jurisdiction over the Company or any Subsidiary;

(j)restrictions arising in connection with cash or other deposits permitted under Section 6.2; and

(k)restrictions imposed by any agreement governing Indebtedness entered into after the Closing Date and permitted under Section 6.1 that are, taken as a whole, in the good faith judgment of the Company, not materially more restrictive with respect to the Company or any Subsidiary than customary market terms for Indebtedness of such type (and, in the case of any term indebtedness, are no more restrictive than the restrictions contained in this Agreement), so long as the Company shall have determined in good faith that such restrictions will not affect its obligation or ability to make any payments required or to provide security hereunder.

6.4Restricted Debt Payments.  The Company will not, nor will it permit any Subsidiary to, directly or indirectly, pay or make any Restricted Debt Payment except:

(a) subject to the terms of any applicable subordination provisions, the Company or any Subsidiary may:

(i)make all regularly scheduled payments of principal, interest, fees and premiums and all payments of indemnities and expenses in respect of any Junior Financing when due;

(ii)pay customary closing, consent and similar fees related to any Junior Financing;

(iii)make mandatory prepayments, mandatory redemptions and mandatory purchases, in each case pursuant to the terms governing any Junior Financing as in effect on the date of incurrence or issuance (including in connection with a refinancing thereof) of such Junior Financing

(iv)prepay Indebtedness (x) of the Company or any Subsidiary owed to the Company or any Guarantor Subsidiary, (y) of any Non-Credit Party owed to any Non-Credit Party or (z) of the Company or any Guarantor Subsidiary to any Non-Credit Party to the extent the amount of such prepayment is treated as an Investment in Non-Credit Parties and may be made in compliance with Section 6.6,

(v)convert any intercompany Indebtedness of any Subsidiary to the Company or to any other Subsidiary into Capital Stock of such Subsidiary;

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(vi)prepay or refinance any Junior Financing (including the payment of any premium in connection therewith) with the proceeds of any other Junior Financing otherwise permitted by Section 6.1 (including any Permitted Refinancing thereof and/or or with the proceeds of any sale of or contribution to the Capital Stock of the Company (other than the proceeds of any Specified Equity Contribution)) to the extent such proceeds are not otherwise used under this Agreement and do not increase the Available Amount; and

(vii)convert any Junior Financing to Capital Stock (other than Disqualified Capital Stock) of the Company or of any Parent;

(b)subject to the terms of any applicable subordination provisions, the Company or any Subsidiary may, after the fifth anniversary of the incurrence of any Junior Financing, make any payments necessary to prevent any such Indebtedness from being treated as “applicable high yield discount obligations” under Section 163(e)(5) or Section 163(i) of the Internal Revenue Code;

(c)so long as no Default or Event of Default has occurred and is continuing or would result therefrom, Restricted Debt Payments made from the net cash proceeds received by the Company after the Closing Date pursuant to contributions to its common equity capital or issuances of its Capital Stock (other than Disqualified Capital Stock and, in all cases, other than proceeds of any Specified Equity Contribution) of the Company or any Parent (other than to the extent otherwise used under this Agreement or applied to the Available Amount) that are used substantially contemporaneously to make such Restricted Debt Payment;

(d)Restricted Debt Payments in an aggregate amount not to exceed the Available Amount (excluding clause (a)(x) of the definition of “Available Amount”) as in effect immediately before such Restricted Debt Payment; provided that (i) no Event of Default has occurred and is continuing or would result therefrom and (ii) if the Restricted Debt Payments are being made exclusively in reliance on clauses (a)(i) and/or (a)(ii) of the definition of “Available Amount”, the Total Leverage Ratio at the time of making such Restricted Debt Payment shall be less than or equal to 2.50:1.00;

(e)Restricted Debt Payments, so long as (i) no Event of Default has occurred and is continuing at such time or would result after giving effect to such Restricted Debt Payment and (ii) the Total Leverage Ratio at the time of making such Restricted Debt Payment (taking into account the making of such Restricted Debt Payment) is less than 2.00:1.00; and

(f)as long as no Event of Default has occurred and is continuing at such time or would result after giving effect thereto, Restricted Debt Payments in an aggregate amount not to exceed $5,000,000 in any Fiscal Year.

For purposes of determining compliance with this Section 6.4:
(1)the amount set forth in Section 6.4(f) (without duplication) may, in lieu of Restricted Debt Payments, be utilized by the Company or any Subsidiary to make or hold any Investments in accordance with Section 6.6(y); and

(2)in the event that any Restricted Debt Payment (or any portion thereof) meets the criteria of more than one of the clauses of this Section 6.4, the Company may, in its sole discretion, at the time of making such payment, divide, classify or reclassify, or at any later time divide, classify or reclassify, such Restricted Debt Payment (or any portion thereof) in any manner that complies with this covenant. 

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6.5Restrictions on Subsidiary Distributions.  Except as provided herein, the Company will not, nor will it permit any Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of the Company to (i) pay dividends or make any other distributions on any of such Subsidiary’s Capital Stock owned by the Company or any other Subsidiary of the Company; (ii) repay or prepay any Indebtedness owed by such Subsidiary to the Company or any other Subsidiary of the Company; (iii) make loans or advances to the Company or any other Subsidiary of the Company; or (iv) transfer any of its property or assets to the Company or any other Subsidiary of the Company, in each case, other than restrictions:

(a)in agreements evidencing Indebtedness permitted in accordance with Section 6.1(a), (c), (d) (that impose restrictions on the property so acquired, constructed, leased or improved), (g), (h), (i), (j) (limited to such acquired Person or asset), (q), (r), (t), (y) and (z);

(b)in agreements evidencing Permitted Refinancing of Indebtedness permitted in accordance with Section 6.1(w) or other Indebtedness issued or incurred (including by means of the extension or renewal of existing Indebtedness) to refinance, refund, extend, defease, discharge, renew or replace other Indebtedness; provided that the encumbrances, restrictions and conditions under any such refinancing are not materially more restrictive, taken as a whole, than those contained in the documentation governing the Indebtedness being refinanced (as determined by the Company in good faith);

(c)by reason of customary provisions restricting assignments, subletting, or other transfers contained in leases, licenses, joint venture agreements and similar agreements entered into in the ordinary course of business;

(d)that are or were created by virtue of any transfer of, agreement to transfer or option or right with respect to any property, assets or Capital Stock not otherwise prohibited under this Agreement;

(e)apply by reason of any applicable Law, rule, regulation or order or are required by any Governmental Authority having jurisdiction over the Company or any Subsidiary;

(f)restrictions on Non-Credit Parties pursuant to Indebtedness permitted under Section 6.1 and pursuant to restrictions in agreements related to Investments and acquisitions permitted by Section 6.6;

(g)restrictions on Persons or property at the time such Person or property is acquired; provided such restrictions were existing at the time of such acquisition and were not created in anticipation or contemplation thereof;

(h)under licensing, sub-licensing, leasing or sub-leasing agreements entered into by the Company or any Subsidiary, in each case entered into in the ordinary course of business, and provisions restricting assignment of any agreement entered into by the Company or any Subsidiary in the ordinary course of business;

(i)restrictions that exist on the Closing Date;

(j)restrictions imposed by any agreement governing Indebtedness entered into after the Closing Date and permitted under Section 6.1 that are, taken as a whole, in the good faith judgment of the Company, no more restrictive with respect to the Company or any Subsidiary than customary market terms for Indebtedness of such type (and, in any event, are no more restrictive than the restrictions 

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contained in this Agreement), so long as the Company shall have determined in good faith that such restrictions will not affect its obligation or ability to make any payments required hereunder;

(k)negative pledges that are permitted pursuant to Section 6.3;

(l)customary provisions restricting assignment of any agreement entered into in the ordinary course of business; and

(m)restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business and restrictions that arise in connection with cash or other deposits permitted hereunder.

6.6Investments.  The Company will not, nor will it permit any Subsidiary to, directly or indirectly, make or own any Investment in any Person, including any Joint Venture, except:

(a)cash and Cash Equivalents; provided that any Investment which when made complies with the requirements of the definition of “Cash Equivalents” may continue to be held notwithstanding that such Investment if made thereafter would not comply with such requirements;

(b)Investments by the Company in any Subsidiary and by any Subsidiary in the Company or any other Subsidiary;

(c)accounts receivable arising and trade credit granted in the ordinary course of business or consistent with past practice;

(d)Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors or pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of such account debtors;

(e)deposits, prepayments and other credits to suppliers made in the ordinary course of business;

(f)capital expenditures in respect of the Company and the Subsidiaries in accordance with GAAP (other than any expenditure that involves the acquisition, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Capital Stock of, or a business line or unit or a division of, any Person);

(g)(i) advances, loans or extensions of credit by the Company or any Subsidiary in compliance with applicable laws to officers, directors, and employees of the Company or any Subsidiary for reasonable and customary travel, entertainment or relocation, out-of-pocket or other business-related expenses in an aggregate amount outstanding at any date of determination not to exceed $5,000,000, (ii) Investments made pursuant to a “rabbi trust” or similar employee benefit plan or arrangement designed to defer the taxability of compensation to an employee, officer or director of purchase payments made in connection with an acquisitions (so long as the direct payment of such compensation would not otherwise be prohibited hereunder), (iii) loans by the Company or any Subsidiary in compliance with applicable laws to officers, directors, and employees of the Company or any Subsidiary the proceeds of which are used to pay taxes owned in connection with the vesting of Capital Stock of the Company or any Subsidiary, and (iv) advances, loans or extensions of credit by the Company or any Subsidiary to officers, directors, and employees of the Company or any Subsidiary for any other purpose in an aggregate amount at any date of determination not to exceed $5,000,000;

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(h)cash and non-cash loans to officers, directors, and employees of the Company or any of its Subsidiaries, the proceeds of which will be used to purchase Capital Stock of the Company or any Parent, if the proceeds of loans are contributed to the Company;

(i)advances of payroll payments to employees in the ordinary course of business;

(j)Permitted Acquisitions;

(k)Investments described on Schedule 6.6 in existence on the Closing Date and any modification, replacement, renewal, reinvestment or extension of any of such Investments; provided that the amount of any Investment permitted pursuant to this Section 6.6(k) is not increased from the amount of such Investment on the Closing Date except pursuant to the terms of such Investment as of the Closing Date or as otherwise permitted by another clause of this Section 6.6;

(l)Investments in an aggregate amount not to exceed the Available Amount as in effect immediately before such Investment; provided that no Event of Default has occurred and is continuing or would result therefrom;

(m)Investments of any Person that becomes a Subsidiary on or after the Closing Date; provided that (i) such Investments exist at the time such Person is acquired and (ii) such Investments are not made in anticipation or contemplation of such Person becoming a Subsidiary (it being understood and agreed that any consideration paid by a Credit Party in connection with a Permitted Acquisition that may be allocable directly or indirectly to Investments in Persons that are not Credit Parties (as determined in good faith by the Company at the time of closing such Investment (or at the time an LCA Election is made with respect thereto, if applicable) and without taking into account purchase accounting adjustments) must be permitted by clause (d) of the proviso appearing in the definition of “Permitted Acquisition”);

(n)Indebtedness permitted by Section 6.1 (other than Indebtedness permitted by Section 6.1(f), 6.1(s) or 6.1(x)(iii));

(o)bank deposits in the ordinary course of business;

(p)Investments made as a result of the receipt of non-cash consideration from a disposition made in compliance with Section 6.8;

(q)so long as no Default or Event of Default has occurred and is continuing or would result therefrom, (i) Investments by the Company or any Subsidiary made from the net cash proceeds received by the Company after the Closing Date pursuant to contributions to the common equity capital of the Company (other than Specified Equity Contributions) and (ii) Investments made by the Company or any Subsidiary in exchange for Capital Stock (other than Disqualified Capital Stock) of the Company or any Parent, in each case to the extent not otherwise used under this Agreement or applied to the Available Amount;

(r)loans and advances by the Company or any Subsidiary to any Parent the proceeds of which are used by such Parent to redeem or repurchase Capital Stock of the Company or such Parent;

(s)guarantees by (i) the Company of obligations of any Subsidiary and (ii) any Subsidiary of obligations of the Company or any other Subsidiary, in each case which obligations do not constitute Indebtedness;

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(t)Investments in Rate Contracts;

(u)Investments made to effect the Transactions;

(v)Investments (including debt obligations and Capital Stock) (i) received in connection with the bankruptcy, workout, recapitalization or reorganization of, or in settlement of delinquent obligations of, or other disputes with, the issuer of such Investment or an Affiliate thereof, (ii) arising in the ordinary course of business or consistent with past practice or upon the foreclosure with respect to any secured Investment, (iii) received in satisfaction of judgments against any other Person and (iv) as a result of the settlement, compromise or resolutions of litigation, arbitration or other disputes of the Company or any Subsidiary with Persons who are not Affiliates;

(w)Investments in the ordinary course of business consisting of UCC Article 3 endorsements for collection or deposit and UCC Article 4 customary trade arrangements with customers consistent with past practices;

(x)to the extent constituting Investments, purchases and acquisitions of inventory, supplies, materials and equipment or purchases of contract rights or licenses or leases of Intellectual Property, in each case in the ordinary course of business;

(y)Investments made in reliance on clause (1) of the last paragraph of Section 6.4;

(z)Investments, so long as (i) no Default or Event of Default has occurred and is continuing at such time or would result after giving effect to such Investment and (ii) the Total Leverage Ratio at the time of the making of such Investment and giving effect thereto and the use of proceeds thereof is less than or equal 2.50:1.00;

(aa)Investments in Unrestricted Subsidiaries that do not exceed in the aggregate at any one time outstanding, determined at the time of incurrence thereof, the greater of (i) $37,500,000 and (ii) an amount equal to 25% of TTM Consolidated Adjusted EBITDA;

(ab)Investments in Joint Venture Subsidiaries in the aggregate at any one time outstanding, determined at the time of incurrence thereof, the greater of (1) $37,500,000 and (2) an amount equal to 25% of TTM Consolidated Adjusted EBITDA; and

(ac)Investments that do not exceed, in the aggregate at any one time outstanding, determined at the time of incurrence thereof, the greater of (i) $50,000,000 and (ii) an amount equal to 33.3% of TTM Consolidated Adjusted EBITDA; provided that Investments in Unrestricted Subsidiaries pursuant to this clause (cc) shall not exceed, in the aggregate at any one time outstanding determined at the time of incurrence thereof, the greater of (i) $25,000,000 and (ii) an amount equal to 16.67% of TTM Consolidated Adjusted EBITDA;
provided that, the aggregate amount of Investments in Non-Credit Parties incurred in reliance on clauses (b), (j) and (aa) of this Section 6.6 will not exceed, at any one time outstanding, determined at the time of incurrence thereof, the Non-Guarantor Investment Cap; provided that any Investments in Non-Credit Parties to fund the consummation of any Permitted Acquisition shall not reduce the amount available under the Non-Guarantor Investment Cap.

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For purposes of determining compliance with this Section 6.6:
(1)except to the extent an Investment was made using the Available Amount, to the extent any Investment in any Person is made in compliance with this Section 6.6 in reliance on a clause above that is subject to a Cap and, subsequently, such Person returns to the Company, any other Credit Party or, to the extent applicable, any Subsidiary all or any portion of such Investment (in the form of a dividend, distribution, liquidation or otherwise but excluding intercompany Indebtedness), such return shall be deemed to be credited to the clause of this Section 6.6 against which the Investment is then charged, but in any event not in an amount that would result in the aggregate dollar amount able to be invested in reliance on such category to exceed such Cap;

(2)for purposes of determining compliance with any Cap on the making of Investments, the Dollar equivalent amount of the Investment denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Investment was made;

(3)in the event that any Investment (or any portion thereof) meets the criteria of more than one of the clauses of this Section 6.6, the Company may, in its sole discretion, at the time of making such Investment, divide, classify or reclassify, or at any later time divide, classify or reclassify, such Investment (or any portion thereof) in any manner that complies with this covenant.

6.7Financial Covenants.

(a)Total Net Leverage Ratio.  Commencing with the Q4-2019 Test Period, the Company will not permit the Total Net Leverage Ratio on the last day of each Test Period ending as of the last day of the Fiscal Quarter for which financial statements have been or are required to have been delivered pursuant to Section 5.1(b) to be greater than 4.00 to 1.00; provided that (x) if the Company consummates a Material Permitted Investment, then the Company may elect that the maximum Total Net Leverage Ratio permitted under this Section 6.7(a) be increased to 4.50 to 1.00 for each of the four consecutive Test Periods that include the Fiscal Quarter in which such Material Permitted Investment is consummated (each such period, an “Adjusted Covenant Period”) and (y) notwithstanding the foregoing clause (x), absent the consent of the Required Lenders, (A) the Company may only make an election for an Adjusted Covenant Period with respect to any Material Permitted Investment on or prior to the date that the Company delivers the Compliance Certificate (and related financial statements required pursuant to section 5.1(a) or 5.1(b), as applicable) covering the Fiscal Quarter in which the Material Permitted Investment was consummated and (B) the Company may not elect an Adjusted Covenant Period for at least one full Fiscal Quarter following the end of an Adjusted Covenant Period; provided, further, that (i) the Company will provide notice in writing to the Administrative Agent of such increase and a transaction description of such Material Permitted Investment (regarding the name of the Person or assets being acquired and the approximate purchase price, subject in each case to applicable confidentiality restrictions) and (ii) following the completion of each Adjusted Covenant Period, the maximum Total Net Leverage Ratio permitted under this Section 6.7(a) will revert to 4.00 to 1.00.

(b)Interest Coverage Ratio.  Commencing with the Q4-2019 Test Period, the Company will not permit the Interest Coverage Ratio as of the end of any Test Period to be less than 3.00 to 1.00.

(c)Liquidity.  The Company will not permit Liquidity (i) as of the last day of the Fiscal Quarter ending on or about September 30, 2023, to be less than an amount equal to 50% of the aggregate principal amount of the Specified Convertible Notes outstanding as of such date, and (ii) as of the last day of the Fiscal Quarter ending on December 31, 2023 and ending on or about March 29, 2024, to be less than an amount equal to 100% of the aggregate principal amount of the Specified Convertible 

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Notes outstanding as of such date; provided that (x) if the Specified Convertible Notes then outstanding are extended to, or refinanced with Indebtedness that has, a maturity date that occurs in a Fiscal Quarter after the Q2-2024 Fiscal Quarter, then the applicable Fiscal Quarters for determination of compliance with the foregoing sub-clauses (i) and (ii) will be extended correspondingly such that they are tested as of the penultimate and last Fiscal Quarters, respectively, immediately preceding the Fiscal Quarter in which the Specified Convertible Notes then mature and (y) if all of the Specified Convertible Notes then outstanding are extended to, or are refinanced with Indebtedness that has, a maturity date that is after the Revolving Credit Commitment Termination Date, then this clause (c) will automatically cease to have any effect upon effectiveness of such extension or refinancing.

6.8Fundamental Changes; Disposition of Assets.  The Company will not, nor will it permit any Subsidiary to, (i) enter into any transaction of merger, consolidation or Division, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), (ii) convey, sell, lease, exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business, assets or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired or leased or (iii) sell, assign, pledge or otherwise dispose of any Capital Stock of any Subsidiary, except:

(a)Any Subsidiary of the Company may merge or consolidate with the Company (including a merger, the purpose of which is to reorganize the Company into a new jurisdiction); provided that (x) the Company shall be the continuing or surviving Person and (y) such merger or consolidation does not result in the Company ceasing to be organized under the Laws of the United States, any State or Commonwealth thereof or the District of Columbia;

(b)(i) any Non-Credit Party may merge or consolidate with or into any other Non-Credit Party, (ii) any Subsidiary may merge or consolidate with or into any other Subsidiary that is a Credit Party, (iii) any merger the sole purpose of which is to reincorporate or reorganize a Credit Party in another jurisdiction in the United States shall be permitted, so long as the Company provides notice to the Administrative Agent promptly, and in any event no more than five (5) Business Days, after the consummation of such transaction, (iv) any Subsidiary may liquidate or dissolve or change its legal form if the Company determines in good faith that such action is in the best interests of the Company and the Subsidiaries and is not materially disadvantageous to the Lenders, provided, in the case of clauses (ii) through (iv), that (A) no Change of Control shall result therefrom and (B) the surviving Person (or, with respect to clause (iv), the Person who receives the assets of such dissolving or liquidated Subsidiary that is a Guarantor) shall be a Credit Party, and (v) any Credit Party or any Subsidiary may conduct a Division that produces two or more surviving or resulting Persons; provided that, if a Division is conducted by a Credit Party, then (A) the Company shall give the Administrative Agent at least five (5) Business Days’ prior written notice (which may be revocable) of such Credit Party’s intention to conduct a Division and (B) each surviving or resulting Person of such Division shall be a Credit Party (and, if the dividing Person is the Company, each surviving or resulting Person shall be a Borrower, unless the Administrative Agent otherwise consents) and shall remain liable for all Obligations (other than Excluded Swap Obligations, where applicable) of the Credit Party conducting the Division;

(c)any Subsidiary may dispose of all or substantially all of its assets to the Company or any other Subsidiary; provided that a Guarantor Subsidiary may not dispose of all or substantially all of its assets to a Non-Credit Party unless treated as an Investment that is permitted by Section 6.6.

(d)conveyances, sales, leases, exchanges, transfers or other dispositions that do not constitute Asset Sales;

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(e)Asset Sales; provided that (i) the consideration received for such assets is in an amount at least equal to the fair market value thereof (determined in good faith by the Company), (ii) no less than 75% of which will paid in cash and (iii) no Default or Event of Default has occurred and is continuing or would result therefrom; provided further, that for the purposes of clause (ii), any liabilities (as shown on the Company’s most recent balance sheet provided hereunder or in the footnotes thereto) of the Company, other than liabilities that are by their terms subordinated to the payment in cash of the Obligations, that are assumed by the transferee with respect to the applicable Asset Sale and for which the Company and all of the Subsidiaries shall have been validly released by all applicable creditors in writing; provided further, that the Company and the Subsidiaries may not sell All or Substantially All of their assets, taken as a whole, to any Person in reliance on this clause (e);

(f)the Company and the Subsidiaries may lease (as lessee) or license (as licensee) real or personal property so long as any such lease or license does not create a Capital Lease except to the extent permitted by Section 6.1(d);

(g)any transaction (other than an Asset Sale) in connection with a Permitted Acquisition or other Investment permitted by Section 6.6; provided that if the merging or consolidating Subsidiary is a Guarantor Subsidiary, the surviving entity is or becomes a Guarantor Subsidiary;

(h)sales, leases, assignments, conveyances, transfers, licenses, exchanges or dispositions of other assets; provided that in no event shall the aggregate net book value of the assets sold, leased, assigned, conveyed, transferred, licensed, exchanged or otherwise disposed of pursuant to this clause (h) exceed $150,000,000 during the term of this Agreement; provided further, that if, in connection with any sale, lease, assignment, conveyance, transfer, license, exchange or disposition (a “Reinvestment Sale”) in any calendar year, the Company or such Subsidiary re-invests, or commits to re-invest, the proceeds of such Reinvestment Sale in other useful assets of the Company or any Subsidiary within twelve (12) months of the date of such sale, then the net book value of the assets sold pursuant to such Reinvestment Sale shall not be included in any determinations made under this clause (h);

(i)dispositions of Investments in Joint Ventures or Joint Venture Subsidiaries to the extent required by, or pursuant to, customary agreements between the joint venture parties set forth in binding agreements between such parties;

(j)Disposition of non-core assets acquired in any Permitted Investment that the Company determines will not be used or useful in the business of the Company and its Subsidiaries; and

(k)sales of accounts receivable pursuant to any Permitted Supplier Financing Arrangement.

6.9Transactions with Affiliates.  The Company will not, nor will it permit any Subsidiary to, directly or indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of the Company, on terms that are less favorable to the Company or that Subsidiary, as the case may be, than those that might be obtained at the time from a Person who is not such an Affiliate; provided that the foregoing restriction will not apply to:

(a)any transaction between or among any of the Credit Parties and/or any of their Subsidiaries to the extent not otherwise prohibited by this Agreement;

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(b)indemnity provided to and reasonable and customary fees and expense reimbursement paid to members of the board of directors (or similar governing body) of the Company or any Subsidiary;

(c)(i) compensation, benefits and indemnification arrangements (including the payment of bonuses and other deferred compensation) for directors, officers and other employees of the Company or any Subsidiary entered into in the ordinary course of business or approved by the board of directors of the Company or the applicable Subsidiary, (ii) employment and severance agreements between the Company or any Subsidiary and their employees, officers or directors, entered in the ordinary course of business, (iii) any issuance of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment arrangements, stock options, stock ownership plans, including restricted stock plans, stock grants, directed share programs and other equity based plans and the granting and stockholder rights of registration rights approved by the Company’s board of directors; and (iv) payments or loans (or cancellation of loans) to officers, directors and employees that are approved by a majority of or the Company’s board of directors, subject to the limitations set forth in Section 6.6;

(d)transactions described in Schedule 6.9 in existence on the Closing Date;

(e)any purchase by any Person (including any Parent) of Capital Stock (other than Disqualified Capital Stock) of the Company, or any contribution by any Person (including any Parent) to the equity capital of the Company;

(f)the existence of, or the performance of obligations under the terms of, agreements entered into in connection with a Permitted Acquisition or other Investment permitted by Section 6.6 (including payments of earnouts and other similar payments);

(g)Restricted Debt Payments permitted by Section 6.4, Investments permitted by Section 6.6, Indebtedness permitted by Section 6.1 and transactions permitted by Section 6.8 (including Asset Sales and the exceptions thereto);

(h)the entering into or performance of any tax sharing agreement or arrangement; provided that any payments made thereunder comply with Section 6.4; and

(i)any transaction or series of related transactions involving consideration valued at less than $10,000,000 (as determined in good faith by the Company).

6.10Conduct of Business.  The Company will not, nor will it permit any Subsidiary to, engage in any material business other than the Business.

6.11Certain Amendments or Waivers.  The Company will not, nor will it permit any Subsidiary to, (a) amend, supplement, waive or otherwise modify any provision of its Organizational Documents in a manner that would be materially adverse to the interests of the Lenders or (b) change or amend the terms of the documentation with regard to any Material Indebtedness that is Junior Financing (in each case, except to the extent such changes or amendments are not prohibited by any applicable intercreditor or subordination provisions applicable to such Junior Financing), in each case in a manner that would be materially adverse to the interests of the Lenders.

6.12Fiscal Year.  Make any change in Fiscal Year; provided, however, that the Company may, upon written notice to the Administrative Agent, change its Fiscal Year to any other Fiscal Year reasonably acceptable to the Administrative Agent, in which case, the Company and the Administrative 

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Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in Fiscal Year.

		
	SECTION 7.
	GUARANTY

7.1Guaranty of the Obligations.  Subject to the provisions of Section 7.2, the Guarantors jointly and severally hereby irrevocably and unconditionally guaranty to the Administrative Agent for the ratable benefit of the Secured Parties the due and punctual payment in full of all Guaranteed Obligations when the same will become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)).  In addition, in order to induce the Lenders to extend credit to the other Subsidiary Borrowers hereunder, the Company hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Obligations of the Subsidiary Borrowers.  The Company further agrees that the due and punctual payment of such Obligations of the Subsidiary Borrowers may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any such Obligation.  The Guaranty provided in this Section 7 amends and restates, and replaces, the entirety of the Subsidiary Guaranty (as defined in the Existing Credit Agreement).

7.2Contribution by Guarantors.  All Guarantors desire to allocate among themselves (collectively, the “Contributing Guarantors”), in a fair and equitable manner, their obligations arising under this Guaranty.  Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a “Funding Guarantor”) under this Guaranty such that its Aggregate Payments exceeds its Fair Share as of such date, such Funding Guarantor will be entitled to a contribution from each of the other Contributing Guarantors in an amount sufficient to cause each Contributing Guarantor’s Aggregate Payments to equal its Fair Share as of such date.  “Fair Share” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the Fair Share Contribution Amount with respect to such Contributing Guarantor to (ii) the aggregate of the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b) the aggregate amount paid or distributed on or before such date by all Funding Guarantors under this Guaranty in respect of the Guaranteed Obligations.  “Fair Share Contribution Amount” means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty that would not render its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any comparable applicable provisions of state law; provided that, solely for purposes of calculating the Fair Share Contribution Amount with respect to any Contributing Guarantor for purposes of this Section 7.2, any assets or liabilities of such Contributing Guarantor arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of contribution hereunder will not be considered as assets or liabilities of such Contributing Guarantor.  “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to the sum of (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2.  The amounts payable as contributions hereunder will be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor.  The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 will not be construed in any way to limit the liability of any Contributing Guarantor hereunder.  Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

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7.3Liability of Guarantors Absolute.  Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and will not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations.  In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows:

(a)this Guaranty is a guaranty of payment when due and not of collectability;

(b)this Guaranty is a primary obligation of each Guarantor and not merely a contract of surety;

(c)the Administrative Agent may enforce this Guaranty upon the occurrence of an Event of Default notwithstanding the existence of any dispute between the Company and any Secured Party with respect to whether such Event of Default has occurred and is continuing;

(d)the obligations of each Guarantor hereunder are independent of the obligations of the Company and the obligations of any other guarantor (including any other Guarantor) of the obligations of the Company, and a separate action or actions may be brought and prosecuted against such Guarantor whether or not any action is brought against the Company or any of such other guarantors and whether or not the Company is joined in any such action or actions;

(e)payment by any Guarantor of a portion, but not all, of the Guaranteed Obligations will in no way limit, affect, modify or abridge any Guarantor’s liability for any portion of the Guaranteed Obligations which has not been paid.  Without limiting the generality of the foregoing, if the Administrative Agent is awarded a judgment in any suit brought to enforce any Guarantor’s covenant to pay a portion of the Guaranteed Obligations, such judgment will not be deemed to release such Guarantor from its covenant to pay the portion of the Guaranteed Obligations that is not the subject of such suit, and such judgment will not, except to the extent satisfied by such Guarantor, limit, affect, modify or abridge any other Guarantor’s liability hereunder in respect of the Guaranteed Obligations;

(f)any Secured Party, upon such terms as it deems appropriate (subject to the provisions of the Credit Documents), without notice or demand and without affecting the validity or enforceability hereof or giving rise to any reduction, limitation, impairment, discharge or termination of any Guarantor’s liability hereunder, from time to time may (i) renew, extend, accelerate, increase the rate of interest on, or otherwise change the time, place, manner or terms of payment of the Guaranteed Obligations; (ii) settle, compromise, release or discharge, or accept or refuse any offer of performance with respect to, or substitutions for, the Guaranteed Obligations or any agreement relating thereto and/or subordinate the payment of the same to the payment of any other obligations; (iii) request and accept other guaranties of the Guaranteed Obligations and take and hold security for the payment hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind, waive, alter, subordinate or modify, with or without consideration, any security for payment of the Guaranteed Obligations, any other guaranties of the Guaranteed Obligations, or any other obligation of any Person (including any other Guarantor) with respect to the Guaranteed Obligations; (v) enforce and apply any security now or hereafter held by or for the benefit of such Secured Party in respect hereof or the Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or remedy that such Secured Party may have against any such security, in each case as such Secured Party in its discretion may determine consistent herewith or the applicable Secured Rate Contract or Bank Product Agreement and any applicable security agreement, including foreclosure on any such security pursuant to one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable, and even though such action operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Guarantor against the Company or any security for the 

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Guaranteed Obligations; and (vi) exercise any other rights available to it under the Credit Documents, the Secured Rate Contracts or the Bank Product Agreements; and

(g)this Guaranty and the obligations of Guarantors hereunder will be valid and enforceable and will not be subject to any reduction, limitation, impairment, discharge or termination for any reason (other than payment in full of the Guaranteed Obligations), including the occurrence of any of the following, whether or not any Guarantor will have had notice or knowledge of any of them: (i) any failure or omission to assert or enforce or agreement or election not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or any right, power or remedy (whether arising under the Credit Documents, the Secured Rate Contracts or the Bank Product Agreements, at law, in equity or otherwise) with respect to the Guaranteed Obligations or any agreement relating thereto, or with respect to any other guaranty of or security for the payment of the Guaranteed Obligations; (ii) any rescission, waiver, amendment or modification of, or any consent to departure from, any of the terms or provisions (including provisions relating to events of default) hereof, any of the other Credit Documents, any of the Secured Rate Contracts, the Bank Product Agreements or any agreement or instrument executed pursuant thereto, or of any other guaranty or security for the Guaranteed Obligations, in each case whether or not in accordance with the terms hereof or such Credit Document, such Secured Rate Contract, such Bank Product Agreements or any agreement relating to such other guaranty or security; (iii) the Guaranteed Obligations, or any agreement relating thereto, at any time being found to be illegal, invalid or unenforceable in any respect; (iv) the application of payments received from any source (other than payments received pursuant to the other Credit Documents, any of the Secured Rate Contracts, any Bank Product Agreements or from the proceeds of any security for the Guaranteed Obligations, except to the extent such security also serves as collateral for indebtedness other than the Guaranteed Obligations) to the payment of indebtedness other than the Guaranteed Obligations, even though any Secured Party might have elected to apply such payment to any part or all of the Guaranteed Obligations; (v) any Secured Party’s consent to the change, reorganization or termination of the corporate structure or existence of the Company or any Subsidiary and to any corresponding restructuring of the Guaranteed Obligations; (vi) any failure to perfect or continue perfection of a security interest in any collateral which secures any of the Guaranteed Obligations; (vii) any defenses, set-offs or counterclaims which the Company may allege or assert against any Secured Party in respect of the Guaranteed Obligations, including failure of consideration, breach of warranty, payment, statute of frauds, statute of limitations, accord and satisfaction and usury; and (viii) any other act or thing or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of any Guarantor as an obligor in respect of the Guaranteed Obligations.

7.4Waivers by Guarantors.  To the fullest extent permitted by law, each Guarantor hereby waives, for the benefit of the Secured Parties: (a) any right to require any Secured Party, as a condition of payment or performance by such Guarantor, to (i) proceed against the Company, any other guarantor (including any other Guarantor) of the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held from the Company, any such other guarantor or any other Person, (iii) proceed against or have resort to any balance of any credit on the books of any Secured Party in favor of the Company or any other Person, or (iv) pursue any other remedy in the power of any Secured Party whatsoever; (b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of the Company or any other Guarantor including any defense based on or arising out of the lack of validity or the unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason of the cessation of the liability of the Company or any other Guarantor from any cause other than payment in full of the Guaranteed Obligations; (c) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense based upon any Secured Party’s errors or omissions in the administration of the Guaranteed Obligations, except behavior which amounts 

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to bad faith; (e) (i) any principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms hereof and any legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) the benefit of any statute of limitations affecting such Guarantor’s liability hereunder or the enforcement hereof, (iii) any rights to set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any requirement that any Secured Party protect, secure, perfect or insure any security interest or lien or any property subject thereto; (f) notices, demands, presentments, protests, notices of protest, notices of dishonor and notices of any action or inaction, including acceptance hereof, notices of default hereunder, the Secured Rate Contracts, the Bank Product Agreements or any agreement or instrument related thereto, notices of any renewal, extension or modification of the Guaranteed Obligations or any agreement related thereto, notices of any extension of credit to the Company and notices of any of the matters referred to in Section 7.3 and any right to consent to any thereof; and (g) any defenses or benefits that may be derived from or afforded by law which limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms hereof.

7.5Guarantors’ Rights of Subrogation, Contribution, etc.  Until the Guaranteed Obligations will have been indefeasibly paid in full in cash and the Revolving Credit Commitments will have terminated and all Letters of Credit have been cancelled, or have expired or have been cash collateralized or otherwise backstopped in a manner satisfactory to the applicable Issuing Bank and all amounts drawn thereunder have been reimbursed in full, each Guarantor hereby waives any claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against the Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right or remedy arises in equity, under contract, by statute, under common law or otherwise and including (a) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have against the Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right or remedy that any Secured Party now has or may hereafter have against the Company, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Secured Party.  In addition, until the Guaranteed Obligations will have been indefeasibly paid in full in cash and the Revolving Credit Commitments will have terminated and all Letters of Credit have been cancelled, or have expired or have been cash collateralized or otherwise backstopped in a manner satisfactory to the applicable Issuing Bank and all amounts drawn thereunder have been reimbursed in full, each Guarantor will withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including any such right of contribution as contemplated by Section 7.2.  Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification such Guarantor may have against the Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, will be junior and subordinate to any rights any Secured Party may have against the Company, to all right, title and interest any Secured Party may have in any such collateral or security, and to any right any Secured Party may have against such other guarantor.  If any amount will be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification or contribution rights at any time when all Guaranteed Obligations will not have been finally and indefeasibly paid in full, such amount will be held in trust for the Administrative Agent on behalf of Secured Parties and will forthwith be paid over to the Administrative Agent for the benefit of Secured Parties to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

7.6Subordination of Other Obligations.  Any Indebtedness of the Company or any Guarantor now or hereafter held by any Guarantor (the “Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and any such Indebtedness collected or received by the 

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Obligee Guarantor after an Event of Default has occurred and is continuing will be held in trust for the Administrative Agent on behalf of Secured Parties and will forthwith be paid over to the Administrative Agent for the benefit of Secured Parties to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

7.7Continuing Guaranty.  This Guaranty is a continuing guaranty and will remain in effect until all of the Guaranteed Obligations will have been paid in full and the Revolving Credit Commitments will have terminated and all Letters of Credit have been cancelled, or have expired or have been cash collateralized or otherwise backstopped in a manner satisfactory to the Issuing Banks and all amounts drawn thereunder have been reimbursed in full.  Each Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations.

7.8Authority of Guarantors or the Company.  It is not necessary for any Secured Party to inquire into the capacity or powers of any Guarantor or the Company or the officers, directors or any agents acting or purporting to act on behalf of any of them.

7.9Financial Condition of the Company.  Any Credit Extension may be made to the Company or continued from time to time, and any Rate Contracts may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless of the financial or other condition of the Company at the time of any such grant or continuation or at the time such Rate Contracts is entered into, as the case may be.  No Secured Party will have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the Company.  Each Guarantor has adequate means to obtain information from the Company on a continuing basis concerning the financial condition of the Company and their ability to perform their obligations under the Credit Documents and the Rate Contracts, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the Company and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations.  Each Guarantor hereby waives and relinquishes any duty on the part of any Secured Party to disclose any matter, fact or thing relating to the business, operations or conditions of the Company now known or hereafter known by any Secured Party.

7.10Bankruptcy, etc.

(a)The obligations of the Guarantors hereunder will not be reduced, limited, impaired, discharged, deferred, suspended or terminated by any case or proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of the Company or any other Guarantor or by any defense which the Company or any other Guarantor may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding.

(b)Each Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed Obligations which accrues after the commencement of any case or proceeding referred to in clause (a) above (or, if interest on any portion of the Guaranteed Obligations ceases to accrue by operation of law by reason of the commencement of such case or proceeding, such interest as would have accrued on such portion of the Guaranteed Obligations if such case or proceeding had not been commenced) will be included in the Guaranteed Obligations because it is the intention of the Guarantors and Secured Parties that the Guaranteed Obligations which are guaranteed by Guarantors pursuant hereto should be determined without regard to any rule of law or order which may relieve the Company of any portion of such Guaranteed Obligations.  Guarantors will permit any trustee in bankruptcy, receiver, debtor in possession, assignee for the benefit of creditors or similar Person to pay the Administrative 

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Agent, or allow the claim of the Administrative Agent in respect of, any such interest accruing after the date on which such case or proceeding is commenced.

(c)In the event that all or any portion of the Guaranteed Obligations are paid by the Company, the obligations of Guarantors hereunder will continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s) are rescinded or recovered directly or indirectly from any Secured Party as a preference, fraudulent transfer or otherwise, and any such payments which are so rescinded or recovered will constitute Guaranteed Obligations for all purposes hereunder.

7.11Discharge of Guaranty upon Sale of Guarantor.  If, in compliance with the terms and provisions of the Credit Documents, (a) all of the Capital Stock of any Guarantor or any of its successors in interest hereunder or (b) all or substantially all of the property of any Guarantor is sold, disposed of or otherwise transferred (such Guarantor, a “Transferred Guarantor”) to any Person (other than any other Credit Party), such Transferred Guarantor will, upon the consummation of such sale, disposition or other transfer (including by merger or consolidation), automatically be discharged and released, without any further action by any Secured Party or any other Person, effective as of the time of such sale, disposition or other transfer, from its obligations under this Agreement (including under Sections 10.2 and 10.3) and the other Credit Documents, including its obligations to pledge and grant any Collateral owned by it pursuant to any Collateral Document and, in the case of the sale of all of the Capital Stock of such Transferred Guarantor, the pledge of such Capital Stock to the Collateral Agent pursuant to the Collateral Documents will be released, and the Collateral Agent will take, and the Secured Parties hereby irrevocably authorize the Collateral Agent to take, such actions as are necessary or desirable to effect each discharge and release described in this Section 7.11 in accordance with the relevant provisions of the Collateral Documents.

7.12General Limitation on Guarantee Obligations.  In any action or proceeding involving any state corporate limited partnership or limited liability company law, or any applicable state, federal or foreign bankruptcy, insolvency, reorganization or other Law affecting the rights of creditors generally, if the obligations of any Guarantor under Section 7.1 would otherwise be held or determined to be void, voidable, invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability under Section 7.1, then, notwithstanding any other provision to the contrary, the amount of such liability will, without any further action by such Guarantor, any Credit Party or any other Person, be automatically limited and reduced to the highest amount (after giving effect to the right of contribution established in Section 7.2 and the right of subrogation) that is valid and enforceable, not void or voidable and not subordinated to the claims of other creditors as determined in such action or proceeding.

7.13Keepwell.  Each Qualified ECP Guarantor that is the Company or a Domestic Subsidiary of the Company hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Credit Party to honor all of its obligations under this Guaranty in respect of Swap Obligations (provided, however, that each Qualified ECP Guarantor will only be liable under this Section 7.13 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 7.13, or otherwise under this Guaranty, voidable under applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount).  The obligations of each Qualified ECP Guarantor under this Section 7.13 will remain in full force and effect until the Guaranteed Obligations have been paid in full and the Revolving Credit Commitments will have terminated, and all Loans or other Obligations hereunder which are accrued and payable have been paid or satisfied and all Letters of Credit will have expired (without any pending drawing) or have been cancelled or cash collateralized in accordance with the terms of this Agreement.  Each Qualified ECP Guarantor intends that this Section 

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7.13 constitute, and this Section 7.13 will be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Credit Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

		
	SECTION 8.
	EVENTS OF DEFAULT

8.1  Events of Default.  Each of the events referred to in clauses (a) through (m) of this Section 8.1 shall constitute an “Event of Default”:

(a)Failure to Make Payments When Due.  Failure by the Company to pay (i) when due any installment of principal of any Loan, whether at stated maturity, by acceleration, by mandatory prepayment or otherwise; or (ii) when due any amount payable to the applicable Issuing Bank in reimbursement of any drawing under a Letter of Credit (including any requirement to deposit cash collateral in connection therewith); or (iii) any interest on any Loan or any fee or any other amount due hereunder within five (5) Business Days after the date due; or

(b)Default in Other Agreements.

(i)Failure of the Company, any other Credit Party or any of its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) with an aggregate principal amount (including undrawn commitments) in excess of $25,000,000, in each case beyond the grace period, if any, provided therefor; or

(ii)a breach or default by the Company, any other Credit Party or its Subsidiaries with respect to any other material term of (1) one or more items of Indebtedness with an aggregate principal amount (including undrawn commitments) in excess of $25,000,000 or (2) any loan agreement, mortgage, indenture or other agreement relating to Indebtedness with an aggregate principal amount (including undrawn commitments) in excess of $25,000,000, in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee or agent on behalf of such holder or holders), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity;

provided that (x) Section 8.1(b)(ii) will not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness and (y) such failure described in Section 8.1(b) is unremedied or is not duly waived or cured prior to any termination of commitments or acceleration hereunder; or
(c)Breach of Negative Covenants or Financial Covenants.  Failure of the Company, any of its Subsidiaries to perform or comply with any term, condition or covenant contained in Section 6; or

(d)Breach of Representations, Etc.  Any representation, warranty, certification or other statement made or deemed made by any Credit Party in any Credit Document or in any statement or certificate at any time given by any Credit Party or any Subsidiary in writing pursuant to the terms of the Credit Documents was false in any material respect (or, to the extent such representation and warranty contains qualifications as to materiality, it was false in any respect) as of the date made or deemed made; or 

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(e)Breach of Other Covenants.  The Company or any Subsidiary (i) defaults in the performance of or compliance with any covenant contained in Section 5.1(h)(i), Section 5.2 (as applicable only to the existence of the Company and each Subsidiary Borrower) or Section 5.10, (ii) defaults in any material respect in the performance of or compliance with any covenant contained in Section 5.14, or (iii) defaults in the performance of or compliance with any covenant contained in any other covenant in this Agreement or in any of the other Credit Documents, other than any such covenants referred to in subclauses (i) and (ii) above or any other provision of this Section 8.1, and, solely with respect to this clause (iii), such default is not remedied, cured or waived within thirty (30) days after the earlier to occur of the date on which a Responsible Officer has knowledge of such default and the date of receipt by the Company of written notice from the Administrative Agent of such default; or

(f)Involuntary Bankruptcy; Appointment of Receiver, Etc.  (i) A court of competent jurisdiction enters a decree or order for relief in respect of the Company or any Subsidiary (other than an Immaterial Subsidiary) in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief is granted under any applicable federal or state law; or (ii) an involuntary case is commenced against the Company or any Subsidiary (other than an Immaterial Subsidiary) under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any Subsidiary (other than an Immaterial Subsidiary), or over all or a substantial part of its property, is entered; or there occurs the involuntary appointment of an interim receiver, trustee or other custodian of the Company or any Subsidiary (other than an Immaterial Subsidiary) for all or a substantial part of its property; or a warrant of attachment, execution or similar process is issued against any substantial part of the property of the Company or any Subsidiary (other than an Immaterial Subsidiary), and any such event described in this clause (ii) continues for sixty (60) days without having been dismissed, bonded or discharged; or

(g)Voluntary Bankruptcy; Appointment of Receiver, Etc.  (i) The Company or any Subsidiary (other than an Immaterial Subsidiary) has an order for relief entered with respect to it or commences a voluntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (ii) the Company or any Subsidiary (other than an Immaterial Subsidiary) makes any assignment for the benefit of creditors; or (iii) the Company or any Subsidiary (other than an Immaterial Subsidiary) admits in writing its inability to pay its debts as such debts become due; or (iv) the board of directors (or similar governing body) of the Company or any Subsidiary (other than an Immaterial Subsidiary) (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the actions referred to herein or in Section 8.1(f); or

(h)Judgments and Attachments.  Any money judgment, writ or warrant of attachment or similar process involving in any individual case an amount in excess of $25,000,000 (to the extent not covered by insurance (as to which a solvent and unaffiliated insurance company has acknowledged coverage) or third-party indemnities (as to which the indemnitor has acknowledged responsibility)) is entered or filed against the Company or any Subsidiary (other than an Immaterial Subsidiary) or any of their respective assets and remains undischarged, unvacated, unbonded or unstayed for a period of sixty (60) days (or in any event later than five (5) days prior to the date of any proposed sale thereunder); or

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(i)Dissolution.  Any order, judgment or decree is entered against the Company or any Subsidiary (other than an Immaterial Subsidiary) decreeing the involuntary dissolution or split up of such Credit Party and such order remains undischarged or unstayed for a period in excess of sixty (60) days; or

(j)ERISA; Foreign Plans.  (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or would reasonably be expected to result in liability of the Borrowers under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount that would reasonably be expected to have a Material Adverse Effect, (ii) the Borrowers or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount that would reasonably be expected to have a Material Adverse Effect or (iii) any of Borrowers or the Subsidiaries shall have been notified that any of them has, in relation to a Foreign Plan, incurred a debt or other liability in respect of Foreign Plans, in each case, that would reasonably be expected to have a Material Adverse Effect; or

(k)Guaranties, Collateral Documents and other Credit Documents.  At any time after the execution and delivery thereof:

(i)the Guaranty for any reason, other than the satisfaction in full of all Obligations, ceases to be in full force and effect (other than in accordance with its terms) or is declared to be null and void or any Guarantor repudiates its obligations thereunder;

(ii)this Agreement or any Collateral Document ceases to be in full force and effect (other than by reason of a release of Collateral in accordance with the terms hereof or thereof or the satisfaction in full of the Obligations in accordance with the terms hereof) or is declared null and void, or the Collateral Agent does not have or ceases to have a valid and perfected Lien in all or a material portion of the Collateral purported to be covered by the Collateral Documents (except to the extent not required to be valid or perfected by the Credit Documents) with the priority required by the relevant Collateral Document, in each case, for any reason other than actions taken by or on behalf of the Collateral Agent or any Secured Party or the failure of the Collateral Agent or any Secured Party to take any action within its control and except as to Collateral consisting of real property to the extent that such losses are covered by a lender’s title insurance policy; or

(iii)any Credit Party contests the validity or enforceability of any Credit Document in writing or denies in writing that it has any further liability, including with respect to future advances by the Lenders, under any Credit Document to which it is a party; or

(l)Junior Financing Documentation.  The payment or lien subordination provisions, as applicable, set forth in any Junior Lien Intercreditor Agreement or any Subordination Agreement to which a Debt Representative representing any Junior Financing that is Material Indebtedness is a party, cease to be effective or cease to be legally valid, binding and enforceable, against the lenders or holders of the Junior Financing represented by such Debt Representative; or

(m)Change of Control.  A Change of Control occurs.

8.2    Remedies upon an Event of Default.  Upon the occurrence of any Event of Default and the request of the Required Lenders (provided that such request shall not be required in the case of any 

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Event of Default pursuant to Section 8.1(f) or 8.1(g)), upon notice to the Company by the Administrative Agent:

(a)the applicable Revolving Credit Commitments and the obligation of the Issuing Banks to Issue any Letter of Credit will immediately terminate or be reduced (as specified by the Administrative Agent);

(b)the aggregate principal of all applicable Loans, all accrued and unpaid interest thereon, all fees and all other Obligations under this Agreement and the other Credit Documents, together with an amount equal to the maximum amount that may at any time be drawn under all Letters of Credit then outstanding (regardless of whether any beneficiary under any such Letter of Credit will have presented, or will be entitled at such time to present, the drafts or other documents or certificates required to draw under such Letters of Credit), will become due and payable immediately, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by each Credit Party; provided that the foregoing will not affect in any way the obligations of the Lenders under Section 2.4(e);

(c)the Company will immediately comply with the provisions of Section 2.4(h) with respect to the deposit of cash collateral to secure the Letter of Credit Usage and future payment of related fees; an

(d)the Administrative Agent may, and may cause the Collateral Agent to, exercise any and all of its other rights and remedies under applicable law (including any applicable UCC) or at equity, hereunder and under the other Credit Documents.

provided that upon an Event of Default pursuant Section 8.1(f) or 8.1(g), the Revolving Credit Commitments of each Lender and the obligations of the Issuing Bank to issue (or to cause it designee to issue) Letters of Credit shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable and the obligation of the Company to cash collateralize the Letters of Credit as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent, the Collateral Agent or any Lender.
8.3Application of Proceeds.  Notwithstanding anything to the contrary contained in this Agreement or any other Credit Document, upon the occurrence and during the continuance of an Event of Default and after the acceleration of the principal amount of any of the Loans hereunder:

(a)each Credit Party irrevocably waives the right to direct the application of any and all payments at any time or times thereafter received by the Administrative Agent, the Collateral Agent or any Issuing Bank from or on behalf of any Credit Party, and, as between each Credit Party on the one hand and the Administrative Agent, the Collateral Agent, each Issuing Bank and the Lenders on the other, the Administrative Agent and each Issuing Bank will have the continuing and exclusive right to apply and to reapply any and all payments received against the Obligations in such manner as the Administrative Agent (or, as applicable, such Issuing Bank) may deem advisable and consistent with this Agreement (including pursuant to clause (b) below) notwithstanding any previous application by Administrative Agent (or, as applicable, such Issuing Bank); and

(b)subject to Section 2.15(d), any and all payments received by any Secured Party (other than through the Administrative Agent), including proceeds of Collateral, will be applied:

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(i)first, to all fees, costs, indemnities, liabilities, obligations and expenses incurred by or owing to the Administrative Agent or the Collateral Agent with respect to this Agreement, the other Credit Documents or the Collateral;

(ii)second, to all fees, costs, indemnities, liabilities, obligations and expenses incurred by or owing to any Lender or Issuing Bank with respect to this Agreement, the other Credit Documents or the Collateral;

(iii)third, to accrued and unpaid interest on the Obligations (including any interest which, but for the provisions of the Bankruptcy Code, would have accrued on such amounts);

(iv)fourth, (A) to the principal amount of the Obligations, including, without limitation, with respect to the deposit of cash collateral to secure the Letter of Credit Usage and future payment of related fees in compliance with Section 2.4(h), (B) to any Obligations under any Secured Rate Contract and (C) to any Obligation under any Bank Product Agreement for which the Administrative Agent has received written notice of such Obligations as being outstanding in an aggregate amount not to exceed $5,000,000;

(v)fifth, to any other Indebtedness or obligations of any Credit Party owing to the Administrative Agent, the Collateral Agent, any Lender or any other Secured Party under the Credit Documents or any Bank Product Agreement for which the Administrative Agent has received written notice of such Obligations as being outstanding under such Bank Product Agreement; and

(vi)sixth, to the Company or to whomever may be lawfully entitled to receive such balance or as a court of competent jurisdiction may direct.

In carrying out the foregoing, (a) amounts received will be applied in the numerical order provided until exhausted prior to the application to the next succeeding category and (b) each of the Persons entitled to receive a payment in any particular category will receive an amount equal to its pro rata share of amounts available to be applied pursuant thereto for such category.
		
	SECTION 9.
	AGENTS

9.1Appointment and Duties.

(a)    Appointment of Agent.  Each Lender and each Issuing Bank hereby appoints JPMorgan (together with any successor Agent pursuant to Section 9.9) as the Administrative Agent and the Collateral Agent hereunder and authorizes each such Agent to (i) execute and deliver the Credit Documents and accept delivery thereof on its behalf from any Credit Party, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to such Agent under such Credit Documents and (iii) exercise such powers as are reasonably incidental thereto.  In furtherance of the foregoing, each of the Lenders (including in its capacity as a potential Secured Swap Provider or a Bank Product Provider) hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of (and to hold any security interest created by the Collateral Documents for and on behalf of or in trust for) such Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Credit Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto.  In this connection, the Collateral Agent (and any co-agents, sub-agents and attorneys-in-fact appointed by the 

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Collateral Agent pursuant to Section 9.4 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Collateral Agent), will be entitled to the benefits of all provisions of this Section 9 (including Section 9.8(b), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Credit Documents) as if set forth in full herein with respect thereto.  The provisions of this Section 9 are solely for the benefit of the Agents, the Issuing Banks and the Lenders and no Credit Party will have any rights as a third party beneficiary of any of the provisions thereof.  In performing its functions and duties hereunder, each Agent will act solely as an agent of the Lenders and does not assume and will not be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Company or any Subsidiary.

(b)Duties as Collateral and Disbursing Agent.  Without limiting the generality of clause (a) above, each of the Administrative Agent and the Collateral Agent, as applicable, will each have the right and authority (to the exclusion of the Lenders and the Issuing Banks), and is hereby authorized, to (i) act as the disbursing and collecting agent for the Lenders and the Issuing Banks with respect to all payments and collections arising in connection with the Credit Documents (including in any proceeding described in Section 8.1(f) or (g) or any other bankruptcy, insolvency or similar proceeding), and each Person making any payment in connection with any Credit Document to any Secured Party is hereby authorized to make such payment to such Agent, (ii) file and prove claims and file other documents necessary or desirable to allow the claims of the Secured Parties with respect to any Obligation in any proceeding described in Section 8.1(f) or (g) or any other bankruptcy, insolvency or similar proceeding (but not to vote, consent or otherwise act on behalf of such Person), (iii) act as collateral agent for each Secured Party for purposes of the perfection of all Liens created by such agreements and all other purposes stated therein, (iv) manage, supervise and otherwise deal with the Collateral, (v) take such other action as is necessary or desirable to maintain the perfection and priority of the Liens created or purported to be created by the Credit Documents, (vi) except as may be otherwise specified in any Credit Document, exercise all remedies given to such Agent and the other Secured Parties with respect to the Credit Parties and/or the Collateral, whether under the Credit Documents, applicable Law or otherwise and (vii) execute any amendment, consent or waiver under the Credit Documents on behalf of any Lender that has consented in writing to such amendment, consent or waiver; provided, however, that each such Agent hereby appoints, authorizes and directs each Lender and the Issuing Bank to act as collateral sub-agent for such Agent, the Lenders and the Issuing Banks for purposes of the perfection of all Liens with respect to the Collateral, including any deposit account maintained by a Credit Party with, and cash and Cash Equivalents held by, such Lender or Issuing Bank, and may further authorize and direct the Lenders and the Issuing Banks to take further actions as collateral sub-agents for purposes of enforcing such Liens or otherwise to transfer the Collateral subject thereto to such Agent, and each Lender and Issuing Bank hereby agrees to take such further actions to the extent, and only to the extent, so authorized and directed.

(c)Limited Duties.  Under the Credit Documents, each of the Administrative Agent and the Collateral Agent (i) is acting solely on behalf of the Secured Parties (except to the limited extent provided in Section 2.7(b) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined terms “Administrative Agent,” “Collateral Agent,” “Agent,” the terms “agent” and “collateral agent” and similar terms in any Credit Document to refer to such Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under any Credit Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, Issuing Bank or other Person and (iii) will have no implied functions, responsibilities, duties, obligations or other liabilities under any Credit Document, and each Secured Party, by accepting the benefits of the Credit Documents, hereby waives and agrees not to assert any claim against such Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above.  Without limiting the generality of the foregoing, the use of the term “agent” in this Agreement with reference to the Administrative Agent or the Collateral Agent is not intended to connote any 

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fiduciary duty or other implied (or express) obligations arising under agency doctrine of any applicable law.  Instead, such term is used merely as a matter of market custom and is intended to create or reflect only an administrative relationship between independent contracting parties.

9.2Binding Effect.  Each Secured Party, by accepting the benefits of the Credit Documents, agrees that (a) any action taken by the Administrative Agent, the Collateral Agent or the Required Lenders (or, if expressly required hereby, a greater proportion of the Lenders) in accordance with the provisions of the Credit Documents, (b) any action taken by the Administrative Agent or the Collateral Agent in reliance upon the instructions of Required Lenders (or, where so required, such greater proportion) and (c) the exercise by the Administrative Agent, the Collateral Agent or the Required Lenders (or, where so required, such greater proportion) of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, will be authorized and binding upon all of the Secured Parties.

9.3Use of Discretion.

(a)No Action without Instructions.  Neither the Administrative Agent nor the Collateral Agent will be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Credit Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).  Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys (who may be attorneys for Borrower and the Subsidiaries), accountants, experts and other professional advisors selected by it.  No Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed) refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).

(b)Right Not to Follow Certain Instructions.  Notwithstanding clause (a) above, neither the Administrative Agent nor the Collateral Agent will be required to take, or to omit to take, any action in connection herewith or any of the other Credit Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder (i) unless, upon demand, such Agent receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to such Agent, any other Person) against all Liabilities that, by reason of such action or omission, may be imposed on, incurred by or asserted against such Agent or any Related Person thereof or (ii) that is, in the opinion of such Agent or its counsel, may expose such Agent to liability or that is contrary to any Credit Document or applicable Law including, for the avoidance of doubt any action that may be in violation of the automatic stay or that may affect a foreclosure, modification or termination of property of a Defaulting Lender under any Bankruptcy Proceeding or under the Bankruptcy Code, and no Agent will have any duty to disclose or will be liable for the failure to disclose, any information relating to any Credit Party or any of its Affiliates that is communicated to or obtained by the Person serving as such Agent or any of its Affiliates in any capacity.

(c)Exclusive Right to Enforce Rights and Remedies.  Notwithstanding anything to the contrary contained herein or in any other Credit Document, the authority to enforce rights and remedies hereunder and under the other Credit Documents against the Credit Parties or any of them will be vested exclusively in, and all actions and proceedings in equity or at law in connection with such enforcement will be instituted and maintained exclusively by, the Administrative Agent and the Collateral Agent in accordance with the Credit Documents for the benefit of all the Lenders and the Issuing Banks;

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 provided that the foregoing will not prohibit (i) each of the Administrative Agent and the Collateral Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as such Agent) hereunder and under the other Credit Documents, (ii) each Issuing Bank and the Swing Line Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as Issuing Bank or Swing Line Lender, as the case may be) hereunder and under the other Credit Documents, (iii) any Lender from exercising setoff rights in accordance with Section 10.4 or (iv) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Credit Party under any bankruptcy or other debtor relief law; provided further, that if at any time there is no Person acting as the Administrative Agent hereunder and under the other Credit Documents, then (A) the Required Lenders will have the rights otherwise ascribed to the Administrative Agent pursuant to Section 9.1 and (B) in addition to the matters set forth in clauses (ii), (iii) and (iv) of the preceding proviso and subject to Section 10.4, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders.

9.4Delegation of Rights and Duties.  Each of the Administrative Agent and the Collateral Agent may, upon any term or condition it specifies, delegate or exercise any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Credit Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person (including any Secured Party).  Upon acceptance of any such delegation from the Administrative Agent or the Collateral Agent, any such Person will benefit from this Section 9 to the extent provided by such Agent and will be, and will be deemed to have agreed to be, bound by the provisions of Sections 10.14, 10.15, 10.16 and 10.17.

9.5Reliance and Liability.

(a)Each of the Administrative Agent and the Collateral Agent may, without incurring any liability hereunder, (i) treat the payee of any Note as its holder until such Note has been assigned in accordance with Section 10.6, (ii) rely on the Register to the extent set forth in Section 10.6, (iii) consult with any of its Related Persons and, whether or not selected by it, any other advisors, accountants and other experts (including advisors to, and accountants and experts engaged by, any Credit Party) and (iv) rely and act upon any document and information (including those transmitted by Electronic Transmission) and any telephone message or conversation, in each case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties.

(b)None of the Administrative Agent, the Collateral Agent and their respective Related Persons will be liable for any action taken or omitted to be taken by any of them under or in connection with any Credit Document, and each Secured Party, the Company and each other Credit Party hereby waive and will not assert (and the Company will cause each other Credit Party to waive and agree not to assert) any right, claim or cause of action based thereon, except to the extent of liabilities resulting primarily from the gross negligence or willful misconduct of such Agent or, as the case may be, such Related Person (each as determined in a final, non-appealable judgment by a court of competent jurisdiction) in connection with the duties expressly set forth herein.  Without limiting the foregoing, neither the Administrative Agent nor the Collateral Agent:

(i)will be responsible or otherwise incur liability for any action or omission taken in reliance upon the instructions of the Required Lenders or for the actions or omissions of any of its Related Persons selected with reasonable care (other than employees, officers and directors of such Agent, when acting on behalf of such Agent);

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(ii)will be responsible to any Lender, Issuing Bank or other Person for the due execution, legality, validity, enforceability, effectiveness, genuineness, sufficiency or value of, or the attachment, perfection or priority of any Lien created or purported to be created under or in connection with, any Credit Document;

(iii)makes any warranty or representation, or will be responsible, to any Lender, Issuing Bank or other Person for (A) any statement, document, information, including any written or oral statements or in any financial or other statements, instruments, reports or certificates or any other documents furnished or made by any Agent to Lenders or by or on behalf of any Credit Party to any Agent or any Lender in connection with the Credit Documents and the transactions contemplated thereby or for the financial condition or business affairs of any Credit Party or any other Person liable for the payment of any Obligations, (B) any representation or warranty made or furnished by or on behalf of any Credit Party or any Related Person of any Credit Party in connection herewith or with any Credit Document or any transaction contemplated herein or therein or any other document, certificate or information with respect to any Credit Party, whether or not transmitted or (except for documents expressly required under any Credit Document to be transmitted to the Lenders) omitted to be transmitted by such Agent, including as to completeness, accuracy, scope or adequacy thereof, or for the scope, nature or results of any due diligence performed by such Agent in connection with the Credit Documents, (C) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Credit Document or the occurrence of any Default, (D) the execution, effectiveness, genuineness, validity, enforceability, collectability, sufficiency or genuineness hereof or of any Credit Document or any other agreement, instrument or document or (E) the satisfaction of any condition set forth in Section 3 or elsewhere in any Credit Document, and (F) and, for each of the items set forth in clauses (A) through (E) hereof, each Lender and Issuing Bank hereby waives and agrees not to assert any right, claim or cause of action it might have against the Administrative Agent or the Collateral Agent based thereon; and

(iv)will have any duty to ascertain or to inquire as to the performance or observance of any provision of any Credit Document, whether any condition set forth in any Credit Document is satisfied or waived, as to the financial condition of any Credit Party or as to the occurrence or continuation or possible occurrence or continuation of any Default or Event of Default or will be deemed to have notice or knowledge of such occurrence or continuation unless it has received a written notice from the Company or any Lender or Issuing Bank describing such Default or Event of Default clearly labeled “notice of default” (in which case such Agent will promptly give notice of such receipt to all Lenders).

(c)Each party to this Agreement acknowledges and agrees that the Administrative Agent may from time to time use one or more outside service providers for the tracking of all Uniform Commercial Code financing statements (and/or other collateral related filings and registrations from time to time) required to be filed or recorded pursuant to the Credit Documents and the notification to the Administrative Agent, of, among other things, the upcoming lapse or expiration thereof.  No Agent will be liable for any action taken or not taken by any such service provider.

9.6Agent Individually.  Each of the Administrative Agent and the Collateral Agent and their Affiliates may make loans and other extensions of credit to, acquire Capital Stock of, engage in any kind of business, including but not limited to any type of financial advisory business, with any Credit Party or Affiliate thereof as though it were not acting as an Agent and may receive separate fees and other 

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payments therefor.  To the extent the Administrative Agent, the Collateral Agent or any of their respective Affiliates makes any Loan or otherwise becomes a Lender hereunder, it will have and may exercise the same rights and powers hereunder and will be subject to the same obligations and liabilities as any other Lender and the terms “Lender,” “Required Lender,” and any similar terms will, except where otherwise expressly provided in any Credit Document, include such Agent or such Affiliate, as the case may be, in its individual capacity as Lender or as one of the Required Lenders.

9.7Lender Credit Decision.

(a)Each Lender and Issuing Bank acknowledges that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent, any Lender or Issuing Bank or any of their Related Persons or upon any document (including any offering and disclosure materials in connection with the syndication of the Loans) solely or in part because such document was transmitted by such Agent or any of its Related Persons, conduct its own independent investigation of the financial condition and affairs of each Credit Party and make and continue to make its own credit decisions in connection with entering into, and taking or not taking any action under, any Credit Document or with respect to any transaction contemplated in any Credit Document, in each case based on such documents and information as it will deem appropriate.  Each Lender further represents and warrants that it has reviewed the confidential information memorandum and each other document made available to it on the Platform in connection with this Agreement and has acknowledged and accepted the terms and conditions applicable to the recipients thereof (including any such terms and conditions set forth, or otherwise maintained, on the Platform with respect thereto).  Except for documents expressly required by any Credit Document to be transmitted by the Administrative Agent or the Collateral Agent to the Lenders or Issuing Banks, no such Agent will have any duty or responsibility to provide any Lender or Issuing Bank with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any Credit Party or any Affiliate of any Credit Party that may come in to the possession of such Agent or any of its Related Persons.

(b)If any Lender or Issuing Bank has elected to abstain from receiving Nonpublic Information concerning the Credit Parties or their Affiliates, such Lender or Issuing Bank acknowledges that, notwithstanding such election, the Administrative Agent and/or the Credit Parties will, from time to time, make available syndicate-information (which may contain Nonpublic Information) as required by the terms of, or in the course of administering the Loans to the credit contact(s) identified for receipt of such information on the Lender’s administrative questionnaire who are able to receive and use all syndicate-level information (which may contain Nonpublic Information) in accordance with such Lender’s compliance policies and contractual obligations and applicable Law, including federal and state securities laws; provided that if such contact is not so identified in such questionnaire, the relevant Lender or Issuing Bank hereby agrees to promptly (and in any event within one (1) Business Day) provide such a contact to the Administrative Agent and the Credit Parties upon request therefor by the Administrative Agent or the Credit Parties.  Notwithstanding such Lender’s or Issuing Bank’s election to abstain from receiving material non-public information, such Lender or Issuing Bank acknowledges that if such Lender or Issuing Bank chooses to communicate with the Administrative Agent, it assumes the risk of receiving Nonpublic Information concerning the Credit Parties or their Affiliates.  In the event that any Lender has determined for itself to not access any information disclosed through the Platform or otherwise, such Lender acknowledges that (i) other Lenders may have availed themselves of such information and (ii) neither the Company nor the Administrative Agent has any responsibility for such Lender’s decision to limit the scope of the information it has obtained in connection with this Agreement and the other Credit Documents.

(c)Each Lender, by delivering its signature page to this Agreement or an Assignment Agreement and funding its Loan, will be deemed to have acknowledged receipt of, and 

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consented to and approved, each Credit Document and each other document required to be approved by any Agent, the Required Lenders or the Lenders, as applicable, on the Closing Date.

9.8Expenses; Indemnities; Withholding.

(a)Each Lender agrees to reimburse the Administrative Agent, the Collateral Agent and each of their respective Related Persons (to the extent not reimbursed by any Credit Party) promptly upon demand, severally and ratably, in proportion to its Pro Rata Share, for any costs and expenses (including fees, charges and disbursements of financial, legal and other advisors and Other Taxes paid in the name of, or on behalf of, any Credit Party) that may be incurred by such Agent or any of its Related Persons in connection with the preparation, syndication, execution, delivery, administration, modification, consent, waiver or enforcement of, or the taking of any other action (whether through negotiations, through any work-out, bankruptcy, restructuring or other legal or other proceeding (including preparation for and/or response to any subpoena or request for document production relating thereto) or otherwise) in respect of, or legal advice with respect to, its rights or responsibilities under, any Credit Document.

(b)Each Lender further agrees to indemnify the Administrative Agent, the Collateral Agent and each of their respective Related Persons (to the extent not reimbursed by any Credit Party), severally and ratably, in proportion to its Pro Rata Share, from and against Liabilities (including, to the extent not indemnified pursuant to Section 9.8(c), taxes, interests and penalties imposed for not properly withholding or backup withholding on payments made to or for the account of any Lender) that may be imposed on, incurred by or asserted against such Agent or any of its Related Persons in any matter relating to or arising out of, in connection with or as a result of any Credit Document or any other act, event or transaction related, contemplated in or attendant to any such document, or, in each case, any action taken or omitted to be taken by such Agent or any of its Related Persons under or with respect to any of the foregoing (IN ALL CASES, WHETHER OR NOT CAUSED OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF ANY AGENT OR RELATED PERSON); provided, however, that no Lender will be liable to the Administrative Agent, the Collateral Agent or any of their respective Related Persons to the extent such liability has resulted solely and directly for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, claims, suits, judgments, litigations, investigations, inquiries or proceedings, costs, expenses or disbursements which have resulted from the gross negligence or willful misconduct of such Agent or, as the case may be, such Related Person, as determined by a court of competent jurisdiction in a final non-appealable judgment or order.  No Lender shall be liable under this Section or otherwise for any failure of another Lender to satisfy such other Lender’s obligations under the Credit Documents.

(c)To the extent required by any applicable law, the Administrative Agent and the Collateral Agent may withhold from any payment to any Lender under a Credit Document an amount equal to any applicable withholding tax.  If the Internal Revenue Service or any other Governmental Authority asserts a claim that such Agent did not properly withhold tax from amounts paid to or for the account of any Lender (because the appropriate certification form was not delivered, was not properly executed, or fails to establish an exemption from, or reduction of, withholding tax with respect to a particular type of payment, or because such Lender failed to notify such Agent or any other Person of a change in circumstances which rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason), or such Agent reasonably determines that it was required to withhold taxes from a prior payment but failed to do so, such Lender will promptly indemnify such Agent fully for all amounts paid, directly or indirectly, by such Agent as tax or otherwise, including penalties and interest, and together with all expenses incurred by such Agent, including legal expenses, allocated internal costs and out-of-pocket expenses.  Each of the Administrative Agent and the Collateral Agent may offset against any payment to any Lender under a Credit Document, any applicable withholding tax that was required to 

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be withheld from any prior payment to such Lender but which was not so withheld, as well as any other amounts for which such Agent is entitled to indemnification from such Lender under this Section 9.8(c).

9.9Resignation of Administrative Agent, Collateral Agent or Issuing Bank.

(a)Each of the Administrative Agent and the Collateral Agent may resign at any time by delivering notice of such resignation to the Lenders and the Company, effective on the date set forth in such notice or, if no such date is set forth therein, upon the date such notice will be effective, in accordance with the terms of this Section 9.9.  If such Agent delivers any such notice, the Required Lenders will have the right, subject to the consent of the Company (such consent not to be unreasonably withheld, conditioned or delayed), at all times other than during the continuation of an Event of Default under Section 8.1(a), (f) or (g), to appoint a successor Administrative Agent or Collateral Agent, as applicable.  The Administrative Agent’s resignation shall become effective on the earliest of (i) 30 days after delivery of the notice of resignation (regardless of whether a successor has been appointed or not), (ii) the appointment of a successor Administrative Agent by the Required Lenders or (iii) such other date, if any, agreed to by the Required Lenders.  If, after 30 days after the date of such retiring Agent’s notice of resignation, no successor Administrative Agent or Collateral Agent, as applicable, has been appointed by the Required Lenders that has accepted such appointment, then such retiring Agent may, on behalf of the Lenders, appoint a successor Administrative Agent or Collateral Agent, as applicable, from among the Lenders or a commercial banking institution organized under the laws of the United States (or any State thereof) or a United States branch or agency of a commercial banking institution, in each case, having combined capital and surplus of at least $500,000,000.  Each appointment under this clause (a) will be subject to the prior consent of the Company, which will not be unreasonably withheld but will not be required during the continuance of an Event of Default.

(b)Effective immediately upon its resignation, (i) any retiring Administrative Agent or Collateral Agent will be discharged from its duties and obligations under the Credit Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lender or the Issuing Banks 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), (ii) the Lenders will assume and perform all of the duties of such Agent until a successor Administrative Agent or Collateral Agent, as applicable, will have accepted a valid appointment hereunder, (iii) such retiring Agent and its Related Persons will no longer have the benefit of any provision of any Credit Document as Administrative Agent or Collateral Agent, as applicable, other than with respect to any actions taken or omitted to be taken while such retiring Agent was, or because such Agent had been, validly acting as Administrative Agent or Collateral Agent, as applicable, under the Credit Documents and (iv) subject to its rights under Section 9.3, such retiring Agent will take such action as may be reasonably necessary to assign to the applicable successor Administrative Agent or Collateral Agent its rights as Administrative Agent or Collateral Agent, as applicable, under the Credit Documents.  After any retiring Administrative Agent’s or Collateral Agent’s resignation hereunder as the Administrative Agent, the provisions of this Section 9 and Sections 10.2, 10.3, 10.4, 10.10, 10.14, 10.15, and 10.16 will inure to its benefit, its sub-agents and their respective affiliates benefit as to any actions taken or omitted to be taken by any of them while it was Administrative Agent or Collateral Agent hereunder.  Effective immediately upon the acceptance of a valid appointment as Administrative Agent or Collateral Agent by a successor Administrative Agent or Collateral Agent, such successor Administrative Agent or Collateral Agent will succeed to, and become vested with, all the rights, powers, privileges and duties of such retiring Agent under the Credit Documents and the retiring Administrative Agent or Collateral Agent will promptly (A) transfer to its successor all sums, Securities and other items of Collateral held under the Collateral Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Administrative Agent or Collateral Agent under the Credit Documents, and (B) execute and deliver to such successor Administrative Agent or Collateral Agent such 

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amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Administrative Agent or Collateral Agent of the security interests created under the Collateral Documents.

(c)Any Issuing Bank may resign at any time by delivering notice of such resignation to the Administrative Agent, effective on the date set forth in such notice or, if no such date is set forth therein, on the date such notice will be effective.  Upon such resignation, the applicable Issuing Bank will remain an Issuing Bank and will retain its rights and obligations in its capacity as such (other than any obligation to Issue Letters of Credit but including the right to receive fees or to have Lenders participate in any L/C Reimbursement Agreement Obligation thereof) with respect to Letters of Credit Issued by such Issuing Bank prior to the date of such resignation and will otherwise be discharged from all other duties and obligations under the Credit Documents.

9.10Release of Collateral or Guarantors

(a)Each Lender and Issuing Bank hereby consents to the release and hereby directs the Administrative Agent and the Collateral Agent to release (or, in the case of clause (b)(ii) below, release or subordinate) the following:

(i)any Guarantor from its guaranty of any Obligation pursuant to Section 7.11 or upon such Guarantor becoming an Excluded Subsidiary, and such Guarantor will be automatically released from its Obligations thereunder; provided, however, that the release of any Guarantor Subsidiary from its obligations under this Agreement and the other Credit Documents as a result of it becoming an Excluded Subsidiary of the type described in clause (h) of the definition thereof (and which clause is the only basis on which such Guarantor Subsidiary would constitute an Excluded Subsidiary) shall only be permitted if at the time such Guarantor Subsidiary becomes an Excluded Subsidiary of such type (1) no Default or Event of Default shall have occurred and be continuing, (2) after giving Pro Forma effect to such release and the consummation of the transaction that causes (or, in the absence of this proviso, would cause) such Subsidiary to be an Excluded Subsidiary of such type, the Company is deemed to have made a new Investment in such Subsidiary for purposes of Section 6.6 (as if such Subsidiary were then newly acquired) in an amount equal to (I) the fair market value of such Subsidiary as of the date that it becomes such an Excluded Subsidiary (as reasonably determined by the Company in good faith), times (II) the percentage of the total Capital Stock of such Subsidiary then issued and outstanding that is retained by the Credit Parties on such date, and such Investment is permitted pursuant to Section 6.6 (other than Section 6.6(k)) at such time, (3) the Capital Stock of such Subsidiary then issued and outstanding that is not retained by Credit Parties on such date shall be owned by a Person that is not a Credit Party or an Affiliate of a Credit Party, (4) the transaction pursuant to which such Guarantor Subsidiary became an Excluded Subsidiary of such type was (i) not entered into in contemplation of the release provision set forth in this Section 9.10(a) and (ii) a bona fide joint venture or otherwise not prohibited pursuant to Section 6.8 and (5) a Responsible Officer of the Company certifies to the Administrative Agent compliance with preceding clauses (1) through (4); provided further, that no such release shall occur if such Guarantor continues to be a guarantor in respect of any Material Indebtedness that is Junior Financing or any Permitted Refinancing in respect of any of the foregoing;

(ii)any Lien held by the Collateral Agent for the benefit of the Secured Parties against any Guarantor upon the release of such Guarantor from its guaranty pursuant to clause (i) above;

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(iii)any Lien held by the Collateral Agent for the benefit of the Secured Parties against (1) any Collateral that is sold, transferred, conveyed or otherwise disposed of by a Credit Party in a transaction permitted by the Credit Documents (including pursuant to a valid waiver or consent), (2) any property subject to a Lien permitted hereunder in reliance upon Section 6.1(d) and (3) all of the Collateral and all Credit Parties, upon (A) termination of the Revolving Credit Commitments, (B) payment and satisfaction in full of all Loans, all obligations to reimburse the Issuing Banks for drawings honored under Letters of Credit, all other Obligations under the Credit Documents (excluding contingent obligations as to which no claim has been asserted) and all Obligations arising under Secured Rate Contracts and Bank Product Agreements that the Administrative Agent has theretofore been notified in writing by the holder of such Obligations are then due and payable, (C) deposit of cash collateral with respect to all contingent Obligations (or, as an alternative to cash collateral, in the case of any Letter of Credit Obligation, receipt by the Administrative Agent of a back-up letter of credit) in amounts and on terms and conditions and with parties satisfactory to the Administrative Agent, the applicable Issuing Bank and each Indemnitee that is, or may be, owed such Obligations (excluding contingent Obligations (other than obligations to reimburse the Issuing Banks for drawings honored under Letters of Credit) as to which no claim has been asserted), and, in the case of this clause (3), the Collateral Documents, the guarantees made herein, the Liens and all other security interests granted thereunder will automatically terminate, and (D) to the extent requested by the Administrative Agent, receipt by the Administrative Agent and the Secured Parties of liability releases from the Credit Parties each in form and substance reasonably acceptable to the Administrative Agent;

(iv)any Lien held by the Collateral Agent for the benefit of the Secured Parties against any Credit Party against accounts receivable sold pursuant to a Permitted Supplier Financing Arrangement; and

(v)the releases contemplated by Section 10.28.

(b)Each Lender and Issuing Bank hereby directs the Administrative Agent and the Collateral Agent, and each of the Administrative Agent and the Collateral Agent hereby agrees, upon receipt of reasonable advance notice from the Company, to execute and deliver or file such documents and to perform other actions reasonably necessary to release the guaranties and Liens when and as directed in this Section 9.10, subject to receipt by the Administrative Agent of a certification of the Company as to such matters as are reasonably required by the Administrative Agent.  To the extent any Collateral is disposed of as permitted by this Section to any Person other than a Credit Party, such Collateral will be sold free and clear of Liens created by the Credit Documents and the Administrative Agent will be authorized to take any actions deemed appropriate in order to effect the foregoing.

(c)In the event of a foreclosure by the Collateral Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Collateral Agent (at the direction of the Required Lenders) or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and the Collateral Agent, as agent for and representative of Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless Required Lenders will otherwise agree in writing), at the direction of the Required Lenders, will be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any collateral payable by the Collateral Agent at such sale or other disposition (including pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code), the Collateral 

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Agent (or any Lender, except with respect to a “credit bid” pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code).  Any release of guarantee obligations will be deemed subject to the provision that such guarantee obligations will be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby will be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company or Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Company or Guarantor or any substantial part of its property, or otherwise, all as though such payment had not been made.  The Collateral Agent will not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by any Credit Party in connection therewith, nor will the Collateral Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.

9.11Certain ERISA Matters.

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

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

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

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

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

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

For purposes of this Section 9.11, “Benefit Plan” shall mean any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Internal Revenue Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code) the assets of any such “employee benefit plan” or “plan”.
9.12Joint Lead Arrangers and Joint Bookrunners.  Notwithstanding any provision to the contrary contained elsewhere in this Agreement or in any other Credit Document, none of the Joint Lead Arrangers and Joint Bookrunners will have any duties or responsibilities, nor will any of such Agents have or be deemed to have any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities will be read into this Agreement or any other Credit Document or otherwise exist against any of such Agents.  At any time that any Lender serving (or whose Affiliate is serving) as Joint Lead Arranger or Joint Bookrunner will have transferred to any other Person (other than any Affiliates) all of its interests in the Loans, such Lender (or an Affiliate of such Lender acting as Joint Lead Arranger or Joint Bookrunner) will be deemed to have concurrently resigned as such Joint Lead Arranger or Joint Bookrunner.

9.13Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim.  In the case of pendency of any proceeding under any Bankruptcy Proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Loan will then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent will have made any demand on the Company) will be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:

(a)to file a verified statement pursuant to the Federal Rules of Bankruptcy Procedure that, in its sole opinion, complies with such rule’s disclosure requirements for entities representing more than one creditor;

(b)to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its respective agents and counsel and all other amounts due the Administrative Agent under Section 2, Section 10.2 and Section 10.3) allowed in such judicial proceeding; and

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent will consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under this Agreement.  To the extent that the payment of any such compensation, expenses, disbursements and advances of the Administrative Agent, its agents and counsel, and any other amounts due the Administrative Agent under this Agreement out of the estate in any such proceeding, will be denied for any reason, payment of the same will be secured by a Lien on, and will be paid out of, any and all distributions, dividends, money, securities and other properties that the Lenders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise.
Nothing contained herein will be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.
9.14Matters of Foreign Law.
  
(a)Germany.  The parties hereto acknowledge and agree for the purposes of taking and ensuring the continuing validity of German law governed pledges (Pfandrechte) with the creation of parallel debt obligations of the Company and its Subsidiaries as will be further described in a separate German law governed parallel debt undertaking.  The Administrative Agent shall (i) hold such parallel debt undertaking as fiduciary agent (Treuhaender) and (ii) administer and hold as fiduciary agent (Treuhaender) any pledge created under a German law governed Collateral Document which is created in favor of any Secured Party or transferred to any Secured Party due to its accessory nature (Akzessorietaet), in each case of (i) and (ii) in its own name and for the account of the Secured Parties.  Each Lender, on its own behalf and on behalf of its affiliated Secured Parties, hereby authorizes the Administrative Agent to enter as its agent (Vertreter) in its name and on its behalf into any German law governed Collateral Document, to accept as its agent in its name and on its behalf any pledge under such Collateral Document and to agree to and execute as its agent in its name and on its behalf any amendments, supplements and other alterations to any such Collateral Document and to release any such Collateral Document and any pledge created under any such Collateral Document in accordance with the provisions herein and/or the provisions in any such Collateral Document.

(b)Additional Foreign Law Provisions.  To the extent that, after the Closing Date, the Company designates any additional Subsidiary Borrower that is organized under the laws of any jurisdiction (other than of any State or the District of Columbia of the United States of America), the applicable Subsidiary Borrower Agreement may include additional acknowledgements and undertakings with respect to such Subsidiary Borrower as counsel to the Company may deem reasonably necessary or appropriate in connection with such designation (in consultation with the Administrative Agent), and any such provision in such Subsidiary Borrower Agreement shall be incorporated by reference in this Agreement.

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	SECTION  10.
	MISCELLANEOUS

10.1Notices.

(a)Addresses.  All notices and other communications required or expressly authorized to be made by this Agreement will be given in writing, unless otherwise expressly specified herein, and (i) addressed to the address set forth on Appendix B or otherwise indicated to the Company and the Administrative Agent in writing, (ii) posted to the Platform (to the extent such system is available and set up by or at the direction of the Administrative Agent prior to posting), (iii) posted to any other E-System approved by or set up by or at the direction of the Administrative Agent or (iv) addressed to such other address as will be notified in writing (A) in the case of the Company, the Administrative Agent, the Collateral Agent and the Swing Line Lender, to the other parties hereto and (B) in the case of all other parties, to the Company, the Administrative Agent and the Collateral Agent.  Transmissions made by electronic mail or E-Fax to the Administrative Agent will be effective only (x) for notices where such transmission is specifically authorized by this Agreement, (y) if such transmission is delivered in compliance with procedures of the Administrative Agent applicable at the time and previously communicated to Borrower, and (z) if receipt of such transmission is acknowledged by the Administrative Agent.

(b)Effectiveness.  (i) All communications described in clause (a) above and all other notices, demands, requests and other communications made in connection with this Agreement will be effective and be deemed to have been received (i) if delivered by hand, upon personal delivery, (ii) if delivered by overnight courier service, one (1) Business Day after delivery to such courier service, (iii) if delivered by mail, three (3) Business Days after deposit in the mail, (iv) if delivered by facsimile (other than to post to an E-System pursuant to clause (a)(ii) or (a)(iii) above), upon sender’s receipt of confirmation of proper transmission, and (v) if delivered by posting to any E-System, on the later of the Business Day of such posting and the Business Day access to such posting is given to the recipient thereof in accordance with the standard procedures applicable to such E-System; provided, however, that no communications to the Administrative Agent pursuant to this Section 10.1 will be effective until received by the Administrative Agent.

(i)The posting, completion and/or submission by any Credit Party of any communication pursuant to an E-System will constitute a representation and warranty by the Credit Parties that any representation, warranty, certification or other similar statement required by the Credit Documents to be provided, given or made by a Credit Party in connection with any such communication is true, correct and complete except as expressly noted in such communication or E‐System.

(c)Each Lender will notify the Administrative Agent and the Collateral Agent in writing of any changes in the address to which notices to such Lender should be directed, of addresses of its Lending Office, of payment instructions in respect of all payments to be made to it hereunder and of such other administrative information as the Administrative Agent will reasonably request.

(d)Electronic Transmissions.

(i)Authorization.  Subject to the provisions of Section 10.1(a), each of the Administrative Agent, the Collateral Agent, the Lenders, each Credit Party and each of their Related Persons, is authorized (but not required) to transmit, post or otherwise make or communicate, in its sole discretion, Electronic Transmissions in connection with any Credit Document and the transactions contemplated therein.  Each Credit Party and each Secured Party hereto acknowledges and agrees that the use of Electronic Transmissions is 

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not necessarily secure and that there are risks associated with such use, including risks of interception, disclosure and abuse and each indicates it assumes and accepts such risks by hereby authorizing the transmission of Electronic Transmissions.

(ii)Signatures.  Subject to the provisions of Section 10.1(a), (i)(A) no posting to any E-System will be denied legal effect merely because it is made electronically, (B) each E-Signature on any such posting will be deemed sufficient to satisfy any requirement for a “signature” and (C) each such posting will be deemed sufficient to satisfy any requirement for a “writing,” in each case including pursuant to any Credit Document, any applicable provision of any applicable UCC, the federal Uniform Electronic Transactions Act, the Electronic Signatures in Global and National Commerce Act and any substantive or procedural Law governing such subject matter, (ii) each such posting that is not readily capable of bearing either a signature or a reproduction of a signature may be signed, and will be deemed signed, by attaching to, or logically associating with such posting, an E-Signature, upon which the Administrative Agent, the Collateral Agent, each other Secured Party and each Credit Party may rely and assume the authenticity thereof, (iii) each such posting containing a signature, a reproduction of a signature or an E-Signature will, for all intents and purposes, have the same effect and weight as a signed paper original and (iv) each party hereto or beneficiary hereto agrees not to contest the validity or enforceability of any posting on any E-System or E-Signature on any such posting under the provisions of any applicable Law requiring certain documents to be in writing or signed; provided, however, that nothing herein will limit such party’s or beneficiary’s right to contest whether any posting to any E-System or E-Signature has been altered after transmission.

(iii)Separate Agreements.  All uses of an E-System will be governed by and subject to, in addition to Section 10.1, the separate terms, conditions and privacy policy posted or referenced in such E-System (or such terms, conditions and privacy policy as may be updated from time to time, including on such E-System) and related Contractual Obligations executed by the Administrative Agent and Credit Parties in connection with the use of such E-System.

(iv)LIMITATION OF LIABILITY.  ALL E-SYSTEMS AND ELECTRONIC TRANSMISSIONS WILL BE PROVIDED “AS IS” AND “AS AVAILABLE.”  NONE OF THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, ANY LENDER OR ANY OF THEIR RELATED PERSONS WARRANTS THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY E-SYSTEMS OR ELECTRONIC TRANSMISSION AND DISCLAIMS ALL LIABILITY (WHETHER OR NOT BASED ON STRICT LIABILITY AND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN CONTRACT, TORT OR OTHERWISE)) FOR ERRORS OR OMISSIONS THEREIN.  NO WARRANTY OF ANY KIND IS MADE BY THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT ANY LENDER OR ANY OF THEIR RELATED PERSONS IN CONNECTION WITH ANY E SYSTEMS OR ELECTRONIC COMMUNICATION, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD-PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS.  The Company, each other Credit Party executing this Agreement and each Secured Party agrees that the Administrative Agent has no responsibility for maintaining or providing any equipment, software, 

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services or any testing required in connection with any Electronic Transmission or otherwise required for any E-System.

(e)Each Credit Party agrees that the Administrative Agent may make the communications described in clause (a) above available to the other Agents, the Lenders, the Swing Line Lender or the Issuing Banks by posting such communications on any Platform.

(f)Each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable law, including United States federal and state securities laws, to make reference to information that is not made available through the “Public Side Information” portion of the Platform and that may contain Nonpublic Information with respect to the Company, the Subsidiaries or their respective securities for purposes of United States federal or state securities laws.  In the event that any Public Lender has determined for itself to not access any information disclosed through the Platform or otherwise, such Public Lender acknowledges that (i) other Lenders may have availed themselves of such information and (ii) neither the Company nor the Administrative Agent has any responsibility for such Public Lender’s decision to limit the scope of the information it has obtained in connection with this Agreement and the other Credit Documents.

10.2Expenses.  The Company agrees to pay promptly, in each case for which an invoice has been delivered to the Company, (a) if the Closing Date occurs, all actual, reasonable and documented in reasonable detail out-of-pocket costs and expenses of the Administrative Agent, the Collateral Agent, the Issuing Banks and the Joint Lead Arrangers in the preparation of the Credit Documents and any consents, amendments, waivers or other modifications thereto; (b) all the costs of furnishing all opinions by counsel for the Company and the other Credit Parties; (c) the actual, reasonable and documented in reasonable detail out-of-pocket fees, expenses and disbursements of counsel to the Administrative Agent, the Collateral Agent, the Issuing Banks and the Joint Lead Arrangers in connection with (i) the negotiation, preparation, execution and administration of the Credit Documents (if the Closing Date occurs) and (ii) any consents, amendments, waivers or other modifications thereto and any other documents or matters requested by the Company, limited to fees, expenses and disbursements of one primary counsel and, if reasonably necessary, one local counsel in each relevant jurisdiction (which may be a single local counsel acting in multiple jurisdictions); (d) all the actual, reasonable and documented in reasonable detail expenses of creating, perfecting and recording Liens in favor of the Collateral Agent, for the benefit of the Secured Parties, including filing and recording fees, expenses and Taxes, stamp or documentary Taxes, search fees, title insurance premiums and actual, reasonable documented out-of-pocket fees, expenses and disbursements of counsel to each of the Administrative Agent and the Collateral Agent and of counsel providing any opinions that the Administrative Agent and the Collateral Agent or the Required Lenders may reasonably request in respect of the Collateral or the Liens created pursuant to the Collateral Documents; (e) all the actual, reasonable and documented in reasonable detail out-of-pocket costs and reasonable fees, expenses and disbursements of any auditors, accountants, consultants or appraisers reasonably engaged by the Administrative Agent and the Collateral Agent; (f) all the actual, reasonable and documented in reasonable detail out-of-pocket costs and reasonable expenses (including the reasonable fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by the Collateral Agent and its counsel) in connection with the custody or preservation of any of the Collateral; (g) all the actual, reasonable and documented in reasonable detail out-of-pocket costs and reasonable expenses of the Administrative Agent and the Joint Lead Arrangers in connection with the administration of the Credit Documents and any amendment, waiver or consent in respect thereof; (h) without duplication of payments described in Section 2.20(c), all Other Taxes; and (i) after the occurrence and during the continuance of a Default or an Event of Default, all actual, reasonable and documented in reasonable detail out-of-pocket costs and expenses, including reasonable attorneys’ fees and costs of 

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settlement, incurred by any Agent, any Issuing Bank and the Lenders in enforcing any Obligations of or in collecting any payments due from any Credit Party hereunder or under the other Credit Documents by reason of such Default or Event of Default (including in connection with the sale of, collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty) or preservation of any right or remedy under any Credit Document or in connection with any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or pursuant to any insolvency or bankruptcy cases or proceedings, limited, in the case of legal fees and expenses, to fees, disbursements and expenses of one counsel to the Agents and the Lenders taken as a whole (and, if reasonably necessary, one local counsel in any relevant jurisdiction (which may be a single local counsel acting in multiple jurisdictions) and, solely in the event of an actual or potential conflict of interest between any Agent and the Lenders, where the Person or Persons affected by such conflict of interest inform the Company in writing of such conflict of interest, one additional counsel in each relevant jurisdiction to each group of affected Persons similarly situated taken as a whole)).  For the avoidance of doubt, no payment or expense reimbursement shall be made pursuant to this Section 10.2 in respect of Excluded Taxes.

10.3Indemnity; Certain Waivers.

(a)Indemnity.  In addition to the payment of expenses pursuant to Section 10.2, each Credit Party agrees to indemnify, pay and hold harmless, each Agent, each Issuing Bank, each Lender and each of their respective Related Persons (each, an “Indemnitee”), from and against any and all Indemnified Liabilities; provided that no Credit Party will have any obligation to any Indemnitee hereunder with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities (i) arise from (A) the bad faith, gross negligence or willful misconduct of that Indemnitee or its Related Persons as determined by a court of competent jurisdiction in a final non-appealable order or (B) any material breach of the obligations of that Indemnitee or its Related Persons under this Agreement or any other Credit Document as determined by a court of competent jurisdiction in a final non-appealable order, (ii) relate to any dispute solely among Indemnitees other than (A) claims against an Agent, in its capacity as such or in fulfilling its role as an Agent, and (B) claims arising out of any act or omission on the part of any Credit Party or any Subsidiary or Affiliates or (iii) any settlement entered into by any Indemnitee or of any Related Person in connection with the foregoing without the Company’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed), but, if such settlement occurs with Borrower’s written consent or if there is a final judgment for the plaintiff in any action or claim with respect to any of the foregoing, the Company will be liable for such settlement or for such final judgment.  To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in this Section 10.3 may be unenforceable in whole or in part because they are violative of any law or public policy, the applicable Credit Party will contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them.  The Credit Parties agree that, without the prior written consent of the Administrative Agent, which consent will not be unreasonably withheld or delayed, the Credit Parties will not enter into any settlement of a Claim in respect of which indemnification could have been sought by an Indemnitee under this Section 10.3(a) unless such settlement includes an explicit and unconditional release from the party bringing such Claim of all Indemnitees which could have sought indemnification with respect to such Claim under this Section 10.3(a).  This Section 10.3 will not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

(b)To the extent that the Credit Parties fail to indefeasibly pay any amount required to be paid by them to the Agents, the Issuing Banks or the Swing Line Lender under Sections 10.3(a) in accordance with Section 9.8(b), each Lender severally agrees to pay to the applicable Agent, the applicable Issuing Bank or the Swing Line Lender, as the case may be, such Lender’s Pro Rata Share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of 

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such unpaid amount (such indemnity will be effective whether or not the related losses, claims, damages, liabilities and related expenses are incurred or asserted by any party hereto or any third party); provided that the unreimbursed Claim was incurred by or asserted against any of the Agents, the Issuing Banks or the Swing Line Lender in its capacity as such.

(c)No Indemnitee will be liable for any damages arising from the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems (including the Platform) and neither any Indemnitee nor any Credit Party (or any of their respective directors, officers, employees, controlling Persons, controlled affiliates or agents) will be liable for any indirect, special, punitive or consequential damages in connection with the Transactions, this Agreement or any other Credit Document (including the Facilities and the use of proceeds hereunder), or with respect to any activities or other transactions related to the Facilities; provided that nothing contained in this sentence limits the Credit Parties’ indemnity and reimbursement obligations to the extent such special, indirect, punitive or consequential damages are included in any third party claim in connection with which such Indemnitee is entitled to indemnification hereunder.

10.4Set-Off.  In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence of any Event of Default each Lender is hereby authorized by each Credit Party at any time or from time to time subject to the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed), without notice to any Credit Party or to any other Person (other than the Administrative Agent), any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general or special, including Indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing by such Lender to or for the credit or the account of any Credit Party against and on account of the obligations and liabilities of any Credit Party to such Lender hereunder, the Letters of Credit and participations therein and under the other Credit Documents, including all claims of any nature or description arising out of or connected hereto, the Letters of Credit and participations therein or with any other Credit Document, irrespective of whether or not (a) such Lender will have made any demand hereunder or (b) the principal of or the interest on the Loans or any amounts in respect of the Letters of Credit or any other amounts due hereunder will have become due and payable pursuant to Section 2 and although such obligations and liabilities, or any of them, may be contingent or unmatured.  Notwithstanding the foregoing, nothing contained in this Section 10.4 shall provide any Lender with any recourse against Excluded Assets.

10.5Amendments and Waivers.

(a)Required Consents.  No amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, will in any event be effective without the written concurrence of the Required Lenders, except the Administrative Agent may, with the consent of the Company only, amend, modify or supplement this Agreement (i) to cure any ambiguity, omission, defect or inconsistency, so long as such amendment, modification or supplement does not adversely affect the rights of any Lender or Issuing Bank, provided that no such amendment will become effective until the fifth Business Day after it has been posted to the Lenders, and then only if the Required Lenders have not objected in writing within such five (5) Business Day period, (ii) to enter into additional or supplemental Collateral Documents, (iii) to release Collateral or Guarantors in accordance with Section 9 of this Agreement and the Collateral Documents and (iv) any Fee Letter may be amended by the parties thereto without the consent of any other Person.

(b)Affected Lenders’ Consent.  No amendment, modification, termination, or consent will be effective if the effect thereof would:

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(i)extend the scheduled final maturity date of any Loan of any Lender without the written consent of such Lender; provided that no amendment, modification or waiver of any condition precedent, covenant, Default or Event of Default will constitute an extension of a final maturity date (other than a waiver of a Default or Event of Default resulting from any failure to pay at the final maturity date);

(ii)waive, reduce or postpone any scheduled repayment (but not prepayment or mandatory prepayment, which will be governed by Section 10.5(a)) of any Loan held by any Lender pursuant to Section 2.12 without the written consent of such Lender;

(iii)extend the stated expiration date of any Letter of Credit beyond the Revolving Credit Commitment Termination Date without the written consent of the applicable Issuing Bank (it being acknowledged and agreed that each Issuing Bank may agree to extend such stated expiration date in connection with an Extension under Section 10.5(h));

(iv)reduce the rate of interest on any Loan held by any Lender (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.10) or any fee payable to a Lender under this Agreement without the written consent of such Lender;

(v)extend the time for payment of any such interest, fees or reimbursement obligation in respect of any Letter of Credit without the written consent of all the Lenders directly affected thereby (it being understood that the waiver of any mandatory prepayment will not constitute an extension of any time for payment of interest or fees);

(vi)reduce the principal amount of any Loan held by a Lender without the written consent of such Lender or reduce any reimbursement obligation in respect of any Letter of Credit without the written consent of the applicable Issuing Bank to which such reimbursement obligation is payable;

(vii)amend, modify, terminate or waive any provision of Section 10.5(a), this Section 10.5(b) or Section 10.5(c) without the written consent of all Lenders and, as applicable, all Issuing Banks;

(viii)amend (x) the definition of “Required Lenders”, (y) the definition of “Pro Rata Share” or (z) the pro rata application of payments otherwise required by the terms of this Agreement as in effect on the Closing Date in each case without the written consent of all Lenders; provided that, with the consent of the Required Lenders, additional extensions of credit pursuant hereto may be included in the determination of “Required Lenders” or “Pro Rata Share”, as applicable, on substantially the same basis as the Revolving Credit Commitments and the Revolving Loans are included on the Closing Date; provided further, that such definitions may also be amended in furtherance of any amendment permitted by another subsection of this Section 10.5(b) with the consent of such Persons as are required by such subsection;

(ix)amend, modify, terminate or waive any provision of Section 10.6(g) (as it relates to any participation with the Company or its Affiliates) without the written consent of all Lenders;

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(x)release, or subordinate the Collateral Agent’s Liens on, all or substantially all of the Collateral or release all or substantially all of the Guarantors from the Guaranty, except as expressly provided in the Credit Documents as in effect on the Closing Date, or in connection with securing additional secured obligations equally and ratably with the other Obligations in accordance with the Credit Documents as in effect on the Closing Date, without the written consent of all Lenders;

(xi)consent to the assignment or transfer by any Credit Party of any of its rights and obligations under any Credit Document without the written consent of all Lenders;

(xii)extend or increase any Revolving Credit Commitments of any Lender without the written consent of such Lender;

(xiii)subordinate the Obligations under the Credit Documents to any other Indebtedness without the written consent of each adversely affected Lender; 

(xiv)amend or modify the definition of “Secured Swap Provider”, “Obligations”, “Secured Rate Contracts”, “Bank Products” and “Bank Product Provider”, in each case, in a manner materially adverse to any Secured Swap Provider or Bank Product Provider (as applicable) holding outstanding Obligations under Secured Rate Contracts or Bank Products (as applicable) at such time without the written consent of such Person; or

(xv)amend or modify the consent rights of the Lenders in the definitions of “Alternative Currencies” and “Eligible Subsidiary” in each case without the written consent of all Lenders.

provided that (x) any change to the definition of Total Net Leverage Ratio or in the component definitions thereof shall not constitute a reduction in the unused commitment fees, and the agreement, consent or waiver by the Required Lenders of unused commitment fees as set forth in the paragraph immediately succeeding the table in the definition of “Applicable Commitment Fee Rate” in Section 1.1 shall not constitute a postponement of any date scheduled for, or a reduction in the amount of, any payment of interest or any payment of fees, and (y) the Required Lenders may waive any increase in the interest rate applicable to any Loan or other Obligation pursuant to Section 2.10.
(c)Other Consents.  No amendment, waiver or consent will, unless in writing and signed by the Administrative Agent, the Collateral Agent, the Swing Line Lender or the Issuing Banks, as the case may be, in addition to the Required Lenders or all Lenders directly affected thereby, as the case may be (or by Administrative Agent with the consent of the Required Lenders or all the Lenders directly affected thereby, as the case may be), affect the rights or duties of the Administrative Agent, the Collateral Agent, the Swing Line Lender or the Issuing Banks, as applicable, in its capacity as such, under this Agreement or any other Credit Document.  Further, no amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, will:

(i)increase or extend any Revolving Credit Commitment of any Lender over the amount thereof then in effect without the consent of such Lender; provided that (x) no amendment, modification or waiver of any condition precedent, covenant, Default or Event of Default (other than any Default or Event of Default arising from the failure to pay any amounts otherwise then due and payable hereunder) will constitute an increase in 

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or extension of any Revolving Credit Commitment of any Lender, and (y) any change to the definition of Total Net Leverage Ratio or in the component definitions thereof shall not constitute an increase or extension of any Revolving Credit Commitment and the agreement, consent or waiver by the Required Lenders of interest or unused commitment fees as set forth in the paragraph immediately succeeding the applicable table in the definition of “Applicable Commitment Fee Rate” in Section 1.1 shall not constitute an increase or extension of any Revolving Credit Commitment;

(ii)amend, modify, terminate or waive any provision hereunder relating to the Swing Line Sub-limit or the Swing Line Loans without the consent of the Swing Line Lender and the Required Lenders;

(iii)alter the required application of any repayments or prepayments (including payments made from proceeds of Collateral) as between Classes pursuant to Section 2.15 or Section 8.3 or modify Section 2.17 without the consent of all Lenders, Bank Product Providers and Secured Swap Providers of each class otherwise entitled thereto which is being allocated a lesser repayment or prepayment (including payments made from proceeds of Collateral) as a result thereof; provided that Required Lenders may waive, in whole or in part, any prepayment so long as the application, as between Classes, of any portion of such prepayment which is still required to be made is not altered;

(iv)amend, modify, terminate or waive any obligation of the Lenders relating to the purchase of participations in Letters of Credit as provided in Section 2.4(e) without the written consent of the Administrative Agent and of the Issuing Banks and the Required Lenders;

(v)amend, modify, terminate or waive any provision of Section 9 as the same applies to any Agent, or any other provision hereof as the same applies to the rights or obligations of any Agent, in each case without the consent of such Agent; or

(vi)amend, waive or otherwise modify any provision of the paragraph immediately succeeding the table in the definition of “Applicable Commitment Fee Rate” in Section 1.1 without the consent of the Required Lenders (but no consent of other Lenders shall be required); or

(vii)amend, modify or waive any condition precedent set forth in Section 3.2 with respect to making Revolving Loans, Swing Line Loans or the issuance of Letters of Credit without the consent of the Required Lenders.

(d)Execution of Amendments, etc.  The Administrative Agent may, but will have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender.  Any waiver or consent will be effective only in the specific instance and for the specific purpose for which it was given.  No notice to or demand on any Credit Party in any case will entitle any Credit Party to any other or further notice or demand in similar or other circumstances.  Any amendment, modification, termination, waiver or consent effected in accordance with this Section 10.5 will be binding upon each Lender at the time outstanding, each future Lender and, if signed by a Credit Party, on such Credit Party.  Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit will not be construed as a waiver of any Default or Event of Default, regardless of whether any Agent, any Lender or Issuing Bank may have had notice or knowledge of such Default or Event of Default at the time.  No notice or demand on the Company or any 

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other Credit Party in any case will entitle the Company or any other Credit Party to any other or further notice or demand in similar or other circumstances.

(e)Intercreditor Agreements and Subordination Agreements.  Notwithstanding anything to the contrary in this Agreement, no Lender consent is required to effect (i) the entry into, amendment or supplement to any Intercreditor Agreement or any Subordination Agreement, in any such case that is (A) for the purpose of adding the holders of Pari Passu Lien Indebtedness, Junior Lien Indebtedness or Subordinated Debt (or a Debt Representative with respect thereto), as applicable, permitted hereunder as parties thereto (regardless of whether also constituting another category of Indebtedness hereunder), as expressly contemplated by the terms of such Intercreditor Agreement or such Subordination Agreement (it being understood that any such amendment or supplement may make such other changes to the applicable intercreditor or subordination agreement as determined by the Administrative Agent, are required to effectuate the foregoing; provided that such other changes are not adverse, in any material respect, to the interests of the Lenders) or (B) expressly contemplated by any Intercreditor Agreement or any Subordination Agreement.

(f)Additional Amendments Provisions.

(i)Nothing herein will be deemed to prohibit an amendment and/or amendment and restatement of this Agreement consented to by the Required Lenders, the Company and the Administrative Agent (A) to add one or more additional credit facilities to this Agreement (it being understood that no Lender will have any obligation to provide or to commit to provide all or any portion of any such additional credit facility) and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Credit Documents with the Revolving Loans and the accrued interest and fees in respect thereof and (B) to effect the amendments contemplated by the proviso in Section 10.5(b)(viii) and such other amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, in the opinion of the Administrative Agent to provide for such additional credit facility.

(g)Extension.

(i)Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Company to all Lenders having Revolving Credit Commitments with a like commitment termination date, in each case on a pro rata basis (based on the aggregate outstanding principal amounts of Revolving Credit Commitments) and on the same terms to each such Lender, the Company is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the commitment termination of each such Lender’s Revolving Credit Commitments of such class, and, subject to the terms hereof, otherwise modify the terms of such Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including by increasing the interest rate and/or fees payable in respect of such Revolving Credit Commitments (and related outstandings) (each, an “Extension;” and each group of Revolving Credit Commitments, in each case as so extended, as well as the original Revolving Credit Commitments (in each case not so extended), being a separate “tranche”), so long as the following terms are satisfied:

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(1)no Default or Event of Default will have occurred and be continuing at the time the Extension Offer is delivered to the Lenders or at the time of such Extension; and

(2)except as to interest rates, fees and final commitment termination date (which will be determined by the Company and set forth in the relevant Extension Offer, subject to acceptance by the applicable Lenders), the Revolving Credit Commitment of any Lender that agrees to an Extension with respect to such Revolving Credit Commitment extended pursuant to an Extension (an “Extended Revolving Credit Commitment”) and the related outstandings will be a Revolving Credit Commitment (or related outstandings, as the case may be) with the same terms (or terms not less favorable to existing Lenders holding Revolving Credit Commitments) as the original Revolving Credit Commitments (and related outstandings); provided that (1) the borrowing and payments (except for (A) payments of interest and fees at different rates on Extended Revolving Credit Commitments (and related outstandings), (B) repayments required upon the commitment termination date of the non-extending tranche of Revolving Credit Commitments and (C) repayment made in connection with a permanent repayment and termination of commitments) of Revolving Loans with respect to Extended Revolving Credit Commitments after the applicable Extension date will be made on a pro rata basis with all other Revolving Credit Commitments, (2) subject to Section 10.5(c), all Swing Line Loans and Letters of Credit will be participated in on a pro rata basis by all Lenders with Revolving Credit Commitments (including Extended Revolving Credit Commitments) in accordance with their percentage of the Revolving Credit Commitments, (3) assignments and participations of Extended Revolving Credit Commitments and related Revolving Loans will be governed by the same assignment and participation provisions applicable to the other Revolving Credit Commitments and Revolving Loans and (4) at no time will there be Revolving Credit Commitments hereunder (including Extended Revolving Credit Commitments and any existing Revolving Credit Commitments) which have more than two (2) different maturity dates.

(ii)If the aggregate principal amount of Revolving Credit Commitments in respect of which a Lender will have accepted the relevant Extension Offer will exceed the maximum aggregate principal amount of Revolving Credit Commitments offered to be extended by the Company pursuant to such Extension Offer, then the Revolving Credit Commitments of such Lender will be extended ratably up to such maximum amount based on the respective principal or commitment amounts with respect to which such Lender have accepted such Extension Offer.  With respect to all Extensions consummated by the Company pursuant to this Section, (i) such Extensions will not constitute voluntary or mandatory payments or prepayments for purposes of Sections 2.13 or 2.14 and (ii) no Extension Offer is required to be in any minimum amount or any minimum increment; provided that the Company may at its election specify as a condition to consummating any such Extension that a minimum amount (to be determined and specified in the relevant Extension Offer in the Company’s sole discretion and may be waived by the Company) of Revolving Credit Commitments (as applicable) of any or all applicable tranches be tendered.  The Administrative Agent, the Collateral Agent, the Issuing Banks, the Swing Line Lender and the Lenders hereby consent to the transactions contemplated by this Section (including, for the avoidance of doubt, payment of any interest, fees or premium in respect of any Extended Revolving 

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Credit Commitments on such terms as may be set forth in the relevant Extension Offer) and hereby waive the requirements of any provision of this Agreement or any other Credit Document that may otherwise prohibit or conflict with any such Extension or any other transaction contemplated by this Section.

(iii)No consent of any Lender, any Issuing Bank, the Swing Line Lender, the Collateral Agent or the Administrative Agent will be required to effectuate any Extension, other than (A) the consent of each Lender agreeing to such Extension with respect to one or more of its Revolving Credit Commitments (or a portion thereof) and (B) with respect to any Extension of the Revolving Credit Commitments, the consent of the Issuing Banks and the Swing Line Lender.  All Extended Revolving Credit Commitments and all obligations in respect thereof will be Obligations under this Agreement and the other Credit Documents and secured by the same Liens on the Collateral that secure all other applicable Obligations.  The Lenders hereby irrevocably authorize the Administrative Agent and the Collateral Agent to enter into amendments to this Agreement and the other Credit Documents with the Company (on behalf of all Credit Parties) as may be necessary in order to establish new tranches or sub-tranches in respect of Revolving Credit Commitments so extended and such technical amendments as may be necessary in the reasonable opinion of the Administrative Agent and the Company in connection with the establishment of such new tranches or sub-tranches, in each case on terms consistent with this Section (any such amendment, an “Extension Amendment”).  In addition, if so provided in such amendment and with the consent of the Issuing Banks, participations in Letters of Credit expiring on or after the applicable commitment termination date will be re-allocated from Lenders holding non-extended Revolving Credit Commitments to Lenders holding Extended Revolving Credit Commitments in accordance with the terms of such amendment; provided, however, that such participation interests will, upon receipt thereof by the relevant Lenders holding Revolving Credit Commitments, be deemed to be participation interests in respect of such Revolving Credit Commitments and the terms of such participation interests will be adjusted accordingly.  The Administrative Agent will promptly notify each Lender of the effectiveness of each such Extension Amendment.

(iv)In connection with any Extension, the Company will provide the Administrative Agent at least five (5) Business Days (or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and will agree to such procedures (including regarding timing, rounding and other adjustments and to ensure reasonable administrative management of the credit facilities hereunder after such Extension), if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section 10.5(g).  This Section 10.5(g) will supersede any provisions of this Section 10.5 or Section 2.17 or 10.4 to the contrary.

10.6Successors and Assigns; Participations.

(a)Generally.  This Agreement will be binding upon the parties hereto and their respective successors and assigns and will inure to the benefit of the parties hereto and the successors and assigns of the Lenders.  No Credit Party’s rights or obligations hereunder nor any interest therein may be assigned or delegated by any Credit Party without the prior written consent of all of the Lenders.  Nothing in this Agreement, expressed or implied, will be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly 

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contemplated hereby, Affiliates 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)Register.  Each Credit Party, the Administrative Agent and the Lenders will deem and treat the Persons listed as the Lenders in the Register as the holders and owners of the corresponding Revolving Credit Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Revolving Credit Commitment or Loan (whether or not evidenced by a Note) will be effective, in each case, unless and until recorded in the Register following receipt of an Assignment Agreement effecting the assignment or transfer thereof, together with the required forms and certificates regarding Tax matters and any fees payable in connection with such assignment, in each case, as provided in Section 10.6(d).  Each assignment will be recorded in the Register following receipt by the Administrative Agent of the Assignment Agreement, applicable know-your-customer documentation, and recordation and processing fee.  The date of such recordation of a transfer will be referred to herein as the “Assignment Effective Date.”  Any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender will be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Revolving Credit Commitments or Loans.

(c)Right to Assign.  Each Lender will have the right at any time to sell, assign or transfer all or a portion of its rights and obligations under this Agreement, including all or a portion of its Revolving Credit Commitment or Loans owing to it or other Obligation (provided that, pro rata assignments will not be required, but each such assignment will be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Loan and any related Revolving Credit Commitment):

(i)to any Person meeting the criteria of clause (a) or clause (c) of the definition of “Eligible Assignee” upon the giving of notice to the Company and the Administrative Agent and, for any assignment of Revolving Credit Commitments and/or Revolving Loans, consented to by each of the Swing Line Lender and the Issuing Banks (such consent not to be unreasonably withheld or delayed); and

(ii)to any Person meeting the criteria of clause (b) of the definition of “Eligible Assignee” and consented to by each of the Borrower, the Administrative Agent, the Swing Line Lender and the Issuing Banks (each such consent not to be (x) unreasonably withheld, delayed or conditioned and (y) in the case of the Company, required at any time an Event of Default will have occurred and then be continuing); provided that (1) the Company’s refusal to accept an assignment to a Disqualified Lender will be deemed to be reasonable, (2) the Company’s consent will be required with respect to any assignments to Disqualified Lenders and (3) the Company will be deemed to have consented to any such assignment (other than to an assignment to a Disqualified Lender) unless it will object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received written notice thereof; provided further, that each such assignment pursuant to this Section 10.6(c)(ii) will be in an aggregate amount of not less than $5,000,000 (or such lesser amount as may be agreed to by the Company and the Administrative Agent or as will constitute the aggregate amount of the Revolving Credit Commitments and Revolving Loans of the assigning Lender) with respect to the assignment of the Revolving Credit Commitments and Revolving Loans.

Notwithstanding the foregoing, no assignment may be made (A) to a Natural Person or (B) to a Disqualified Lender and, to the extent that any assignment of any Loan and/or related Revolving Credit Commitment is purported to be made to a Disqualified Lender, such Person shall be required immediately 

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(and in any event within five (5) Business Days) to assign all Loans and Revolving Credit Commitments then owned by such Person to another Lender (other than a Defaulting Lender) or Eligible Assignee at a purchase price equal to the lesser of (x) the principal amount thereof and (y) the amount that such Person paid to acquire such Loans or Revolving Credit Commitments, in each case, plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder (and the Company shall be entitled to seek specific performance in any applicable court of law or equity to enforce this sentence).
(d)Mechanics.  Assignments and assumptions of Loans and Revolving Credit Commitments will only be effected by manual execution and delivery to the Administrative Agent of an Assignment Agreement and will be effective as of the applicable Assignment Effective Date.  In connection with all assignments there will be delivered to the Administrative Agent such forms, certificates or other evidence, if any, as the assignee under such Assignment Agreement may be required to deliver pursuant to Section 2.20(f), together with payment to the Administrative Agent of a registration and processing fee of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.

(e)Representations and Warranties of Assignee.  Each Lender, upon execution and delivery hereof or upon succeeding to an interest in the Revolving Credit Commitments and Loans, as the case may be, represents and warrants as of the Closing Date or as of the Assignment Effective Date that (i) (A) it is an Eligible Assignee and (B) it is not a Disqualified Lender, it being acknowledged by the Credit Parties, the Lenders and the other Secured Parties that the Administrative Agent will be entitled to rely on such representations and warranties set forth in this clause (i) without any diligence in respect to the accuracy of such representations and warranties and any breach of such representations and warranties by such Lender will not give rise to any liability on the part of the Administrative Agent; and (ii) it has experience and expertise in the making of or investing in commitments or loans such as the applicable Revolving Credit Commitments or Loans, as the case may be.

(f)Effect of Assignment.  Subject to the terms and conditions of this Section 10.6, as of the Assignment Effective Date (i) the assignee thereunder will have the rights and obligations of a “Lender” hereunder to the extent of its interest in the Loans and Revolving Credit Commitments as reflected in the Register and will thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder will, to the extent that rights and obligations hereunder have been assigned to the assignee, relinquish its rights (other than any rights which survive the termination hereof under Section 10.8) and be released from its obligations hereunder (and, in the case of an assignment covering all or the remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender will cease to be a party hereto on the Assignment Effective Date; provided that anything contained in any of the Credit Documents to the contrary notwithstanding, (A) the Issuing Banks will continue to have all rights and obligations thereof with respect to such Letters of Credit until the cancellation or expiration of such Letters of Credit and the reimbursement of any amounts drawn thereunder and (B) such assigning Lender will continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising out of the prior involvement of such assigning Lender as a Lender hereunder); (iii) the Revolving Credit Commitments will be modified to reflect the Revolving Credit Commitment of such assignee and any Revolving Credit Commitment of such assigning Lender, if any; and (iv) if any such assignment occurs after the issuance of any Note hereunder, the assigning Lender will, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Notes to the Administrative Agent for cancellation, and thereupon the Company will issue and deliver new Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new Revolving Credit Commitments and/or outstanding Loans of the assignee and/or the assigning Lender.  Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with clauses (b) through (f) 

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will be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with clause (g).

(g)Participations.  Each Lender will have the right at any time to sell one or more participations to any Person (other than to (x) a Disqualified Lender or (y) the Company or its Affiliates) in all or any part of its Revolving Credit Commitments, Loans or in any other Obligation; provided that (x) the Administrative Agent may provide a list of Disqualified Lenders to any Lender upon the request of such Lender pursuant to Section 2.7(c) and (y) with respect to any participation by a Lender to a Disqualified Lender or, to the extent the Company’s consent is required under this Section 10.6, to any other Person, such participation will not be rendered void as a result but the Company shall be entitled to pursue any remedy available to them (whether at law or in equity, including specific performance to unwind such participation) against the Lender and such Disqualified Lender, as applicable, but in no case shall the Company or any other Person be entitled to pursue any remedy against the Administrative Agent.  The holder of any such participation, other than an Affiliate of the Lender granting such participation, will not be entitled to require such Lender to take or omit to take any action hereunder except with respect to any amendment, modification or waiver that would (i) extend the scheduled maturity of any Loan, Note or Letter of Credit (unless such Letter of Credit is not extended beyond the Revolving Credit Commitment Termination Date) in which such participant is participating, or reduce the rate or extend the time of payment of interest or fees thereon (except in connection with a waiver of applicability of any post-default increase in interest rates) or reduce the principal amount thereof, or increase the amount of the participant’s participation over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default or of a mandatory reduction in the Revolving Credit Commitment will not constitute a change in the terms of such participation, and that an increase in any Revolving Credit Commitment or Loan will be permitted without the consent of any participant if the participant’s participation is not increased as a result thereof), (ii) consent to the assignment or transfer by any Credit Party of any of its rights and obligations under this Agreement or (iii) release all or substantially all of the Collateral under the Collateral Documents (except as expressly provided in the Credit Documents) supporting the Loans hereunder or release all or substantially all of the aggregate value of the guarantees in which such participant is participating.  The Company agrees that each participant will be entitled to the benefits of Sections 2.18(d), 2.19 and 2.20 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (c) of this Section; provided that (i) the participant agrees to be subject to the provisions of Sections 2.21 and 2.23 as if it were an assignee under Section 10.6(c), (ii) a participant will not be entitled to receive any greater payment under Sections 2.19 or 2.20 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 Company’s prior written consent to the participant and (iii) a participant that would be a Non-U.S. Lender if it were a Lender will not be entitled to the benefits of Section 2.20 unless the Company is notified of the participation sold to such participant and such participant agrees, for the benefit of the Company, to comply with Section 2.20 as though it were a Lender (it being understood that the documentation required under Section 2.20(f) or Section 2.20(g) will be delivered to the participant).  Each Lender that sells a participation agrees, at the Company’s request and expense, to use reasonable efforts to cooperate with the Company to effectuate the provisions of Sections 2.21 and 2.23 with respect to any participant.  To the extent permitted by law, each participant also will be entitled to the benefits of Section 10.4 as though it were a Lender; provided that such participant agrees to be subject to Section 2.17 as though it were a Lender.  Each Lender that sells a participation or makes a grant to an SPC pursuant to Section 10.6(i), acting solely for this purpose as a non-fiduciary agent of the Company, will maintain a register on which it records the name and address of each participant or SPC, as applicable, and the principal amounts (and stated interest) of each participant’s or SPC’s interest in the Loans and Revolving Credit Commitments (each, a “Participant Register”).  The entries in the Participant Register will be conclusive absent manifest error, and such Lender, the Company and the Administrative Agent will treat each Person whose name is recorded in the Participant Register pursuant to the terms hereof as 

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the owner of such Loans and Revolving Credit Commitments for all purposes of this Agreement, notwithstanding any notice to the contrary.  No Lender will have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any participant or SPC or any information relating to a participant’s or SPC’s interest in any commitments, loans, letters of credit or its other obligations under any Credit Document) except to the extent that such disclosure is necessary to establish that such commitment, loan, or other obligation is in registered form under Section 5f.103-1(c) or proposed Section 1.163-5(b) of the United States Treasury Regulations (or any amended or successor version).

(h)Certain Other Assignments and Participations.  In addition to any other assignment or participation permitted pursuant to this Section 10.6, any Lender may assign and/or pledge all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender, including, without limitation, to any Federal Reserve Bank or any other central bank as collateral security pursuant to Regulation A of the Board of Governors and any operating circular issued by such Federal Reserve Bank or any such other central bank; provided that no Lender, as between the Company and such Lender, will be relieved of any of its obligations hereunder as a result of any such assignment and pledge; provided further, in no event will the applicable Federal Reserve Bank, central bank, pledgee or trustee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder.  Without limiting the foregoing, in the case of any Lender that is a fund that invests in bank loans or similar extensions of credit, such Lender may, without the consent of Borrower, the Issuing Bank, the Swing Line Lender, the Administrative Agent or any other Person, collaterally assign or pledge all or any portion of its rights under this Agreement, including the Loans and Notes or any other instrument evidencing its rights as a Lender under this Agreement, to any holder of, trustee for, or any other representative of holders of, obligations owed or securities issued, by such fund, as security for such obligations or securities.  For the avoidance of doubt, the Administrative Agent (in its capacity as the Administrative Agent) shall have no responsibility for maintaining a Participant Register.

(i)Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Company, the option to provide to the Company all or any part of any Revolving Loan that such Granting Lender would otherwise be obligated to make to the Company pursuant to this Agreement; provided that (i) nothing herein will constitute a commitment by any SPC to make any Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender will be obligated to make such Loan pursuant to the terms hereof; provided further, that nothing herein will make the SPC a “Lender” for the purposes of this Agreement, obligate the Company or any other Credit Party or the Administrative Agent to deal with such SPC directly, obligate the Company or any other Credit Party in any manner to any greater extent than it was obligated to the Granting Lender, or increase costs or expenses of the Company.  The Credit Parties and the Administrative Agent will be entitled to deal solely with, and obtain good discharge from, the Granting Lender and will not be required to investigate or otherwise seek the consent or approval of any SPC, including for the approval of any amendment, waiver or other modification of any provision of any Credit Document.  The making of a Loan by an SPC hereunder will utilize the Revolving Credit Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender.  Each party hereto hereby agrees that no SPC will be liable for any indemnity or similar payment obligation under this Agreement (all liability for which will remain with the Granting Lender).  In furtherance of the foregoing, each party hereto hereby agrees (which agreement will survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the 

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laws of the United States of America or any state thereof.  In addition, notwithstanding anything to the contrary contained in this Section 10.6(i), any SPC may (i) with notice to, but without the prior written consent of, the Company and the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial institutions (consented to by the Company and the Administrative Agent) providing liquidity and/or credit support to or for the account of such SPC to support the funding or maintenance of Loans and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPC.

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

10.7Independence of Covenants; Interpretation.  All covenants hereunder will be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant will not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists.  Any dispute regarding the occurrence or continuance of a Default or Event of Default will be resolved by the Company and the Required Lenders (or Administrative Agent), and no Person other than the Required Lenders (or the Administrative Agent) will assert that a Default or Event of Default will have occurred and be continuing.

10.8Survival of Representations, Warranties and Agreements.  All representations, warranties and agreements made herein will survive the execution and delivery hereof and the making of any Credit Extension.  Notwithstanding anything herein or implied by law to the contrary, the agreements of each Credit Party set forth in Sections 2.18, 2.19, 2.20, 10.2, 10.3, 10.14, 10.15 and 10.16 and the agreements of the Lenders set forth in Sections 2.17, 9.5, 9.6, 9.8 and 10.17 will survive the termination of all Revolving Credit Commitments, the cancellation or expiration of the Letters of Credit and the reimbursement of any amounts drawn thereunder, and the termination hereof, and the payment in full of all other Obligations.

10.9No Waiver; Remedies Cumulative.  No failure or delay on the part of any Agent or any Lender in the exercise of any power, right or privilege hereunder or under any other Credit Document will impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor will any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege.  The rights, powers and remedies given to each Agent and each Lender hereby are cumulative and will be in addition to and independent of all rights, powers and remedies existing by virtue of any statute or rule of law or in any of the other Credit Documents or any of the Secured Rate Contracts or any of the Bank Product Agreements.  Any forbearance or failure to exercise, and any delay in exercising, any right, power or remedy hereunder will not impair any such right, power or remedy or be construed to be a waiver thereof, nor will it preclude the further exercise of any such right, power or remedy.

10.10Marshalling; Payments Set Aside.  No Agent or any Lender will be under any obligation to marshal any assets in favor of any Credit Party or any other Person or against or in payment of any or all of the Obligations.  To the extent that any Credit Party makes a payment or payments to the Administrative Agent or the Lenders (or to the Administrative Agent, on behalf of the Lenders), or the 

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Administrative Agent or the Lenders enforce any security interests or exercise their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law, any equitable cause or any intercreditor arrangement contemplated hereunder, then, to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, will be revived and continued in full force and effect as if such payment or payments had not been made or such enforcement or setoff had not occurred.

10.11Severability.  In case any provision in or obligation hereunder or any Note will be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, will not in any way be affected or impaired thereby.

10.12Obligations Several; Independent Nature of the Lenders’ Rights.

(a)The obligations of the Lenders hereunder are several and no Lender will be responsible for the obligations or Revolving Credit Commitment of any other Lender hereunder.  Nothing contained herein or in any other Credit Document, and no action taken by the Lenders pursuant hereto or thereto, will be deemed to constitute the Lenders as a partnership, an association, a joint venture or any other kind of entity.  The amounts payable at any time hereunder to each Lender will be a separate and independent debt, and each Lender will be entitled to protect and enforce its rights arising out hereof and it will not be necessary for any other Lender to be joined as an additional party in any proceeding for such purpose.

(b)Each Lender acknowledges and agrees that it will act collectively through the Administrative Agent and, without limiting the delegation of authority to the Administrative Agent set forth herein, the Required Lenders will direct the Administrative Agent with respect to the exercise of rights and remedies hereunder (including with respect to alleging the existence or occurrence of, and exercising rights and remedies as a result of, any Default or Event of Default in each case that could be waived with the consent of the Required Lenders), and such rights and remedies will not be exercised other than through the Administrative Agent.

10.13Headings.  Section headings herein are included herein for convenience of reference only and will not constitute a part hereof for any other purpose or be given any substantive effect.

10.14Applicable Law.  This Agreement and the rights and obligations of the parties hereunder will be governed by, and will be construed and enforced in accordance with, the laws of the State of New York.

10.15Consent to Jurisdiction.  

(a)All judicial proceedings brought against any Credit Party arising out of or relating hereto or any other Credit Document, or any of the Obligations, will be brought in any state or federal court of competent jurisdiction in the State, County and City of New York.  By executing and delivering this Agreement, each Credit Party, for itself and in connection with its properties, irrevocably (a) accepts generally and unconditionally the exclusive jurisdiction and venue of such courts; (b) waives any defense of forum non conveniens; (c) agrees that service of all process in any such proceeding in any such court may be made by registered or certified mail, return receipt requested, to the applicable Credit Party at its address provided in accordance with Section 10.1; (d) agrees that service as provided in clause (c) above is sufficient to confer personal jurisdiction over the applicable Credit Party in any such 

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proceeding in any such court, and otherwise constitutes effective and binding service in every respect; and (e) agrees that Agents and Lenders retain the right to serve process in any other manner permitted by law or to bring proceedings against any Credit Party in the courts of any other jurisdiction.

(b)Each Subsidiary Borrower irrevocably designates and appoints the Company, as its authorized agent, to accept and acknowledge on its behalf, service of any and all process which may be served in any suit, action or proceeding of the nature referred to in Section 10.15(a) in any state or federal court of competent jurisdiction in the State, County and City of New York. The Company hereby represents, warrants and confirms that the Company has agreed to accept such appointment. Said designation and appointment shall be irrevocable by each such Subsidiary Borrower until all Revolving Loans, all reimbursement obligations, interest thereon and all other amounts payable by such Subsidiary Borrower hereunder and under the other Credit Documents shall have been paid in full in accordance with the provisions hereof and thereof and such Subsidiary Borrower shall have been terminated as a Borrower hereunder pursuant to Section 2.25. Each Subsidiary Borrower hereby consents to process being served in any suit, action or proceeding of the nature referred to in Section 10.15(a) in any state or federal court of competent jurisdiction in the State, County and City of New York by service of process upon the Company as provided in this Section 10.15(b); provided that, to the extent lawful and possible, notice of said service upon such agent shall be mailed by registered or certified air mail, postage prepaid, return receipt requested, to the Company and (if applicable to) such Subsidiary Borrower at its address set forth in the Subsidiary Borrower Agreement to which it is a party or to any other address of which such Subsidiary Borrower shall have given written notice to the Administrative Agent (with a copy thereof to the Company). Each Subsidiary Borrower irrevocably waives, to the fullest extent permitted by applicable law, all claim of error by reason of any such service in such manner and agrees that such service shall be deemed in every respect effective service of process upon such Subsidiary Borrower in any such suit, action or proceeding and shall, to the fullest extent permitted by law, be taken and held to be valid and personal service upon and personal delivery to such Subsidiary Borrower. To the extent any Subsidiary Borrower has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether from service or notice, attachment prior to judgment, attachment in aid of execution of a judgment, execution or otherwise), each Subsidiary Borrower hereby irrevocably waives such immunity in respect of its obligations under the Credit Documents. Nothing in this Agreement or any other Credit Document will affect the right of any party to this Agreement to serve process in any other manner permitted by applicable law.

10.16WAIVER OF JURY TRIAL.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY AND AGREES THAT ANY SUCH ACTION OR PROCEEDING WILL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.  EACH OF THE PARTIES HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS RELIED ON THE WAIVER IN ENTERING INTO THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS.  EACH OF THE PARTIES HERETO WARRANTS AND REPRESENTS THAT EACH HAS HAD THE OPPORTUNITY OF REVIEWING THIS JURY WAIVER WITH LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS.

10.17Confidentiality; Tombstones; Etc.

(a)Confidentiality.  Each Agent, each Issuing Bank and each Lender will (A) not furnish any Nonpublic Information identified as such by the Company to any other Person and (B) treat all Nonpublic Information with the same degree of care as it treats its own confidential information, it 

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being understood and agreed by the Company that, in any event, an Agent, an Issuing Bank or a Lender may make (i) disclosures of such information to creditors of any such Lender, Affiliates of such Agent, such Issuing Bank or such Lender, to their and such Affiliates’ shareholders, officers, directors, employees, legal counsel, independent auditors and other experts, advisors or agents who need to know such information in connection with the transactions contemplated hereby, are informed of the confidential nature of such information and are instructed to keep such information confidential (and to other Persons authorized by an Agent, Issuing Bank or Lender to organize, present or disseminate such information in connection with disclosures otherwise made in accordance with this Section 10.17) other than any Disqualified Lender, (ii) disclosure to any rating agency when required by it, (iii) disclosures required or requested by any Governmental Authority or self-regulatory authority or representative thereof or by the NAIC or pursuant to legal or judicial process, including in connection with assignments or pledges made pursuant to Section 10.6(h); provided that, unless specifically prohibited by applicable law, court order or any Governmental Authority or representative thereof, each Agent, each Issuing Bank and each Lender will notify the Company of any request by any Governmental Authority or representative thereof (other than any such request in connection with any examination of the financial condition or other routine examination of such Agent, such Issuing Bank or such Lender (or such Lender’s Affiliates to whom disclosure has been made pursuant to the preceding clause (i)) by such Governmental Authority or representative thereof or self-regulatory authority or any such request pursuant to the Right to Financial Privacy Act of 1978) for disclosure of any such Nonpublic Information prior to disclosure of such information, (iv) disclosures in connection with the enforcement of its rights under any Credit Document, (v) disclosures to any other party to this Agreement, (vi) disclosures to an actual or prospective investor in an SPC (provided that such investor is not a Disqualified Lender and is advised of and agrees to be bound by either the provisions of this Section 10.17 or other provisions at least as restrictive as this Section 10.17), (vii) disclosures with the consent of the Company, (viii) disclosures to potential assignees, participants and credit support providers who are, in any such case, subject to an agreement containing provisions at least as restrictive as those contained in this Section 10.17 (it being understood that in no event shall such disclosure be made to any Disqualified Lender) and (ix) disclosures to the extent such Nonpublic Information (A) becomes publicly available other than as a result of a breach of this Section 10.17 or (B) becomes available to such Agent, such Issuing Bank or such Lender on a non-confidential basis from a source other than the Company or any Subsidiary or any of their respective Affiliates that is not known by such Agent, such Issuing Bank or such Lender to be subject to confidentiality obligations to the Company or any Subsidiary or their respective Affiliate.  In addition, each Agent, each Issuing Bank and each Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar services providers to the lending industry, and service providers to the Agents, the Issuing Banks and the Lenders in connection with the administration and management of this Agreement and the other Credit Documents.  For the avoidance of doubt, in no event will any Agent, any Issuing Bank or any Lender disclose Nonpublic Information to any Disqualified Lender unless such disclosure is otherwise consented to by the Company.  Notwithstanding anything to the contrary in any Credit Document, each Agent, each Issuing Bank and each Lender acknowledges and agrees that, solely in the case of trade secrets of the Company and its Subsidiaries, the Company shall identify the proposed disclosure of such trade secrets prior to actual disclosure thereof and if such Agent, such Issuing Bank or such Lender provides its express written consent to such receipt of such trade secrets, then such Agent, such Issuing Bank or such Lender hereby agrees to keep such trade secrets confidential in perpetuity; provided that (i) each Agent, each Issuing Bank and each Lender shall be permitted to decline to receive such trade secrets upon its express prior written consent and (ii) if any Agent, any Issuing Bank or any Lender so declines to receive such trade secrets, then the Company and the Subsidiaries shall be permitted to withhold such trade secrets from such Agent, such Issuing Bank or such Lender, as the case may be.

(b)Tombstones.  Each Credit Party consents to the publication by the Administrative Agent of advertisements in financial and other newspapers and periodicals or on a home page or similar 

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place for dissemination of information on the Internet or worldwide web as it may choose, and the circulation of similar promotional materials, on and following the Closing Date in the form of a “tombstone” or otherwise, containing information customarily included in such advertisements and materials, including (i) the names of the Company and its Affiliates (or any of them), (ii) the Administrative Agent and its Affiliates’ titles and roles in connection with the Transactions and (iii) the amount, type and closing date of the Revolving Credit Commitments and the Loans.

10.18Usury Savings Clause.  Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any of the Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable law will not exceed the Highest Lawful Rate.  If the rate of interest (determined without regard to the preceding sentence) under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder will bear interest at the Highest Lawful Rate until the total amount of interest due hereunder equals the amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect.  In addition, if when the Loans made hereunder are repaid in full the total interest due hereunder (taking into account the increase provided for above) is less than the total amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect, then to the extent permitted by law, the Company will pay to the Administrative Agent an amount equal to the difference between the amount of interest paid and the amount of interest which would have been paid if the Highest Lawful Rate had at all times been in effect.  Notwithstanding the foregoing, it is the intention of the Lenders and the Company to conform strictly to any applicable usury laws.  Accordingly, if any Lender contracts for, charges, or receives any consideration which constitutes interest in excess of the Highest Lawful Rate, then any such excess will be cancelled automatically and, if previously paid, will at such Lender’s option be applied to the outstanding amount of the Loans made hereunder or be refunded to the Company.

10.19Counterparts.  This Agreement may be executed in any number of counterparts, each of which when so executed and delivered will be deemed an original, but all such counterparts together will constitute but one and the same instrument.  Signature pages may be detached from multiple separate counterparts and attached to a single counterpart.  Delivery of an executed signature page of this Agreement by facsimile transmission or Electronic Transmission will be as effective as delivery of a manually executed counterpart hereof.

10.20No Strict Construction.  The parties hereto have participated jointly in the negotiation and drafting of this Agreement.  In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Agreement.

10.21Effectiveness; Entire Agreement.  This Agreement will become effective upon the execution of a counterpart hereof by each of the parties hereto and receipt by the Company and the Administrative Agent of written or telephonic notification of such execution and authorization of delivery thereof.

10.22No Fiduciary Duty.  Each Agent, each Lender and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Credit Parties.  Each Credit Party acknowledges and agrees:

(a)nothing in the Credit Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Lenders and each Credit Party, its stockholders or its affiliates;

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(b)the transactions contemplated by the Credit Documents are arm’s-length commercial transactions between the Lenders, on the one hand, and each Credit Party, on the other;

(c)in connection therewith and with the process leading to such transaction each of the Lenders is acting solely as a principal and not the agent or fiduciary of any Credit Party, its management, stockholders, creditors or any other Person;

(d)no Lender has assumed an advisory or fiduciary responsibility in favor of any Credit Party with respect to the transactions contemplated hereby or the process leading thereto (irrespective of whether any Lender or any of its affiliates has advised or is currently advising any Credit Party on other matters) or any other obligation to any Credit Party except the obligations expressly set forth in the Credit Documents;

(e)each Credit Party has consulted its own legal and financial advisors to the extent it deemed appropriate;

(f)each Credit Party is responsible for making its own independent judgment with respect to such transactions and the process leading thereto; and

(g)no Credit Party will claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to any Credit Party, in connection with such transaction or the process leading thereto.

10.23No Third Parties Benefit.  This Agreement is made and entered into for the sole protection and legal benefit of the Company, the Lenders, the Issuing Banks party hereto, the Agents and each other Secured Party, and their permitted successors and assigns, and no other Person will be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with, this Agreement or any of the other Credit Documents.  No Agent or any Lender will have any obligation to any Person not a party to this Agreement or the other Credit Documents.

10.24PATRIOT Act.  Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Credit Parties that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies the Credit Parties, which information includes the name and address of each Credit Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Credit Parties in accordance with the PATRIOT Act.

10.25Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an EEA Financial Institution arising under any Credit Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

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

(b)the effects of any Bail-In Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent 

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undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Credit Document; or (iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.

10.26Acknowledgement Regarding any Supported QFCs.

To the extent that the Credit Documents provide support, through a guarantee or otherwise, for Rate Contracts or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Credit Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):
(a)In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Credit Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Credit Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

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

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

“Covered Entity” means any of the following:
(a)a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

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

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

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

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

10.27Judgment Currency.

(a)The Credit Parties’ obligations hereunder and under the other Credit Documents to make payments in Dollars shall not be discharged or satisfied by any tender or recovery pursuant to any judgment expressed in or converted into any currency other than Dollars, except to the extent that such tender or recovery results in the effective receipt by the Administrative Agent, the respective Lender or the applicable Issuing Bank of the full amount of Dollars expressed to be payable to the Administrative Agent or such Lender or such Issuing Bank under this Agreement or the other Credit Documents. If, for the purpose of obtaining or enforcing judgment against any Credit Party in any court or in any jurisdiction, it becomes necessary to convert into or from any currency other than Dollars (such other currency being hereinafter referred to as the “Judgment Currency”) an amount due in Dollars, the conversion shall be made at the Dollar Equivalent determined as of the Calculation Date immediately preceding the day on which the judgment is given.

(b)If there is a change in the rate of exchange prevailing between the Calculation Date described in clause (a) above and the date of actual payment of the amount due, the Credit Parties shall pay, or cause to be paid, such additional amounts, if any (but in any event not a lesser amount) as may be necessary to ensure that the amount paid in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce the amount of Dollars which could have been purchased with the amount of Judgment Currency stipulated in the judgment or judicial award at the rate of exchange prevailing on the Calculation Date.

(c)For purposes of determining the Dollar Equivalent or any other rate of exchange for this Section 10.27, such amounts shall include any premium and costs payable in connection with the purchase of Dollars.

10.28Amendment and Restatement.  This Agreement is an amendment and restatement of the Existing Credit Agreement (which in turn was an amendment and restatement of the Original Credit Agreement).  This Agreement does not extinguish, discharge or release the Obligations (as defined in the Existing Credit Agreement, the “Existing Obligations”) outstanding under the Existing Credit Agreement except to the extent such Obligations are paid as of the Closing Date, Collateral Agent’s Liens securing the Existing Obligations or the priority of any mortgage, pledge, security agreement or any other security therefor.  For the avoidance of doubt, each of Kaman Lux and Kaman Aerospace Group, Inc. confirms for the benefit of the Secured Parties that, the Lien created by it pursuant to a Luxembourg law governed share pledge agreement dated 22 June 2016 between, amongst others, Kaman Aerospace Group, Inc. as pledgor, JPMorgan, as administrative agent for the benefit of the Secured Parties and Kaman Lux shall (a) remain in full force and effect notwithstanding the amendments referred to in this amendment and restatement agreement of the Existing Credit Agreement and (b) continue to secure its Obligations under the Credit Documents as amended (including, but not limited to, under this Agreement).  Nothing herein contained shall be construed as a substitution or novation of the Existing Obligations, which shall remain in full force and effect, except to the extent such Obligations are paid as of the Closing Date or except as modified hereby or by instruments and agreements executed concurrently herewith.  Nothing expressed or implied in this Agreement shall be construed as a release or other discharge of any Borrower or any other Credit Party under the Existing Credit Agreement and the Credit Documents entered into in connection therewith from any of its obligations and liabilities as “Company”, a “Borrower,” a 

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“Guarantor” or a “Credit Party” thereunder.  Notwithstanding the foregoing or any provision in any Credit Documents, the parties hereto acknowledge and agree that, upon the effectiveness of this Agreement:

(a)Kaman UK will be, and hereby is, irrevocably released as a “Subsidiary Borrower”, as a “Borrower” and as a “Guarantor” under the Credit Documents and from and after the Closing Date Kaman UK shall not constitute a Subsidiary Borrower, a Borrower or a Guarantor hereunder, and that certain Equitable Share Mortgage, dated February 5, 2013 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and between Kaman Aerospace Group, Inc., as mortgagor, and JPMorgan Chase Bank, N.A.., as administrative agent, shall be terminated, released and extinguished;

(b)none of the Foreign Subsidiaries (including, for the purposes of this clause (b), any Foreign Subsidiary Holding Company) or their Subsidiaries, owned directly or indirectly by Company shall provide a guarantee and no voting stock in excess of 66% in any Foreign Subsidiary and none of the Foreign Subsidiaries of Company or their direct or indirect assets (including any stock) provide collateral support (directly or indirectly), in each case, with respect to any Loan, Revolving Credit Commitment or other obligation under any Credit Document of Company or any Domestic Subsidiary;

(c)the Subsidiary Guaranty (as defined in the Existing Credit Agreement) in its entirety is amended and restated by, and replaced with, Section 7 of this Agreement; and

(d)Each of Kaman Engineering Services, Inc., a Washington corporation and an Immaterial Subsidiary of the Company (“Kaman Washington”), Kaman X Corporation, a Connecticut corporation and an Immaterial Subsidiary of the Company (“Kaman X Corporation”), and K-MAX Corporation, a Connecticut corporation and an Immaterial Subsidiary of the Company (“K-MAX”), will be, and hereby is, irrevocably released as a “Guarantor” under the Credit Documents and as a grantor and/or pledgor under the Collateral Documents, and from and after the Closing Date none of Kaman Washington, Kaman X Corporation and K-MAX will constitute a Guarantor hereunder or a grantor and/or pledgor under the Collateral Documents.

[Remainder of Page Intentionally Left Blank]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their duly authorized officers as of the day and year first above written.
THE COMPANY:
KAMAN CORPORATION
By:    _/s/ Robert D. Starr_____________________
Name:    Robert D. Starr
Title:    Executive Vice President and Chief 
Financial Officer

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

SUBSIDIARY BORROWERS:
RWG GERMANY GmbH
By:    _/s/ Robert G. Paterson     _______________
Name: Robert G. Paterson
Title: Managing Director
KAMAN LUX HOLDINGS S.à r.l.
By:    _/s/ Robert D. Starr____________________
Name: Robert D. Starr
Title: Category A Manager

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

GUARANTOR SUBSIDIARIES:
KAMAN AEROSPACE GROUP, INC.
KAMAN AEROSPACE CORPORATION
KAMATICS CORPORATION
KAMAN COMPOSITES - WICHITA, INC.
KAMAN COMPOSITES - VERMONT, INC.
KAMAN PRECISION PRODUCTS, INC.
EXTEX ENGINEERED PRODUCTS, INC.
By:    _/s/ Robert D. Starr_______________________
Name: Robert D. Starr 
Title: Executive Vice President and Chief 
Financial Officer

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

JPMORGAN CHASE BANK, N.A., as Administrative Agent and Collateral Agent
		
	By:
	_/s/ Kelly Milton__________________________    Name: Kelly Milton

Title: Executive Director

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

JPMORGAN CHASE BANK, N.A., as a Lender and as an Issuing Bank
By:    _/s/ Kelly Milton_________________________
Name: Kelly Milton
Title: Executive Director

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

BANK OF AMERICA, N.A., as Swing Line Lender, as a Lender and as an Issuing Bank
By:    _/s/ Christopher T. Phelan_________________
Name: Christopher T. Phelan
Title: Senior Vice President

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

Citizens Bank, N.A., as a Lender
By:    _/s/ Kathryn H. Lambrecht________________
Name: Kathyrn H. Lambrecht
Title: Vice President

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

Fifth Third National Bank, National Association, as a Lender
By:    _/s/ Jose A. Rosado  _____________________
Name: Jose A. Rosado
Title: Senior Vice President

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

KeyBank National Association, as a Lender
By:    _/s/ Eric W. Domin______________________
Name: Eric W. Domin
Title: VP

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

TRUIST BANK, as a Lender
By:    _/s/ Anika Kirs       ______________________
Name: Anika Kirs
Title: Vice President

For any Lender requiring a second signature line:
By:    _ ______________________    
Name: 
Title: 

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender and as an Issuing Bank
By:    _/s/ Barbara A. Keegan___________________
Name: Barbara A. Keegan
Title: Senior Vice President

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

Bank of Montreal, as a Lender
By:    _/s/ Andrew Berryman___       ______________
Name: Andrew Berryman
Title: Vice President

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

Bank of Montreal, London Branch, as a Lender
By:    _/s/ Tom Woolgar  ______________________
Name: TOM WOOLGAR
Title: MD & HEAD, CORPORATE 
BANKING, EMEA
For any Lender requiring a second signature line:

By:    _/s/ Scott Matthews _____________________
Name: SCOTT MATTHEWS
Title: MD, CFO, INTERNATIONAL 

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

The Northern Trust Company, as a Lender
By:    _/s/ Eric Siebert ________________________
Name: Eric Siebert
Title: Senior Vice President

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

U.S. Bank National Association, as a Lender
By:    _/s/ Paul F. Johnson  _____________________
Name: Paul F. Johnson
Title: Vice President

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

WEBSTER BANK, N.A., as a Lender
By:    _/s/ George G. Sims_____________________
Name: Paul G. Sims
Title: Senior Vice President

[Signature Page to Second Amended & Restated Credit and Guaranty Agreement]

APPENDIX A
TO CREDIT AND GUARANTY AGREEMENT
Revolving Credit Commitments
	
			
	Lender
	Initial Revolving Commitment
	Pro Rata Share

	JPMorgan Chase Bank, N.A.
	$100,000,000.00
	12.500000000%

	Bank of America, N.A.
	$100,000,000.00
	12.500000000%

	Citizens Bank, N.A.
	$100,000,000.00
	12.500000000%

	Fifth Third Bank, National Association
	$75,000,000.00
	9.375000000%

	KeyBank National Association
	$75,000,000.00
	9.375000000%

	Truist Bank
	$75,000,000.00
	9.375000000%

	Wells Fargo Bank, National Association
	$75,000,000.00
	9.375000000%

	Bank of Montreal
	$50,000,000.00
	6.250000000%

	The Northern Trust Company
	$50,000,000.00
	6.250000000%

	U.S. Bank National Association
	$50,000,000.00
	6.250000000%

	Webster Bank, N.A.
	$50,000,000.00
	6.250000000%

	Total
	$800,000,000.00
	100.000000000%

Appendix A-1

APPENDIX B
TO CREDIT AND GUARANTY AGREEMENT
Notice Addresses
(i)    if to the Company or any other Credit Party:
c/o Kaman Corporation, 
1332 Blue Hills Avenue, 
Bloomfield, Connecticut 06002, 
Attention: Jairaj Chetnani, Vice President & Treasurer (telecopy: +1.860.502.1253; jc.chetnani@kaman.com)
with a copy (which shall not constitute notice) to:
Latham & Watkins LLP
885 Third Avenue
New York, NY 10022
Attention: Dennis D. Lamont (telecopy: +1.212.751.4864; dennis.lamont@lw.com)
(ii)    if to Agent:
JPMorgan Chase Bank, N.A.
10 South Dearborn Street
Chicago, Illinois 60603
Attention: Philip Martino (telecopy: +1.312.732.4864; philip.c.martino@chase.com)
with a copy (which shall not constitute notice) to:
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, NY 10019
Attention:  Jed Zobitz, Esq. (Telecopy: +1.212.474.3700; JZobitz@cravath.com)
(iii)    if to Agent in connection with any Credit Extension:
denominated in Dollars:
JPMorgan Chase Bank, N.A.
10 South Dearborn Street
Chicago, Illinois 60603
Attention: Philip Martino (telecopy: +1.312.732.4864; philip.c.martino@chase.com)
denominated in any Alternative Currency:
J.P. Morgan Europe Limited
25 Bank Street
Canary Wharf, London E14 5JP
Attention: The Manager, Loan & Agency Services (telecopy: +44.207.777.2360; loan_and_agency_london@jpmorgan.com)

Appendix B-1

(iv)    If to JPMorgan in its capacity as Issuing Bank:
JPMorgan Chase Bank, N.A.
10 South Dearborn Street
Chicago, Illinois 60603
Attention: Philip Martino (telecopy: +1.312.732.4864; philip.c.martino@chase.com)
(iv)    if to BANA in its capacity as Swing Line Lender or Issuing Bank:
Bank of America, N.A.,
Sixth Floor
900 West Trade St.
Charlotte, NC 28255
Attention: David Tischler (telecopy: +1.704.625.4512; david.tischler@bofa.com)

Appendix B-2

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