Document:

Exhibit 10.2

Exhibit 10.2

Medco Health Solutions, Inc.

2002 STOCK INCENTIVE PLAN

As amended and restated

May 15, 2003 and March 14, 2011

and approved by shareholders

on May 31, 2005 and May 24, 2011

 

 

 

2002 STOCK INCENTIVE PLAN

(As amended and restated May 15, 2003 and March 14, 2011 and approved by shareholders on
May 31, 2005 and May 24, 2011)

1. Purpose

The 2002 Stock Incentive Plan (the “Plan”), effective June 17, 2002 is established to
encourage employees of Medco Health Solutions, Inc. (the “Company”), its parent, if any, its
subsidiaries, its affiliates and its joint ventures to acquire Common Stock in the Company
(“Common Stock”). It is believed that the Plan will serve the interests of the Company and
its stockholders because it allows employees to have a greater personal financial interest in
the Company through ownership of, or the right to acquire its Common Stock, which in turn will
stimulate employees’ efforts on the Company’s behalf, and maintain and strengthen their desire
to remain with the Company or one of its related entities. It is believed that the Plan will
also assist in the recruitment of employees.

2. Administration

The Plan shall be administered by the Compensation Committee of the Board of Directors of
the Company (the “Committee”). A Director of the Company may serve on the Committee only if he
or she (i) is a “Non-Employee Director” for purposes of Rule 16b-3 under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), and (ii) satisfies the requirements of an “outside
director” for purposes of Section 162(m) of the Internal Revenue Code (the “Code”). The
Committee shall be responsible for the administration of the Plan including, without limitation,
determining which Eligible Persons receive Incentives, the types of Incentives they receive
under the Plan, the number of shares covered by Incentives granted under the Plan, and the other
terms and conditions of such Incentives. Determinations by the Committee under the Plan
including, without limitation, determinations of the Eligible Persons, the form, amount and
timing of Incentives, the terms and provisions of Incentives and the writings evidencing
Incentives, need not be uniform and may be made selectively among Eligible Persons who receive,
or are eligible to receive, Incentives hereunder, whether or not such Eligible Persons are
similarly situated.

The Committee shall have the responsibility of construing and interpreting the Plan,
including the right to construe disputed or doubtful Plan provisions, and of establishing,
amending and construing such rules and regulations as it may deem necessary or desirable for the
proper administration of the Plan including adopting sub-plans and special rules to facilitate
compliance or achieve desirable tax results or other Company objectives for grants made to
employees outside the U.S. and to determine the consequences of termination of employment or
other relationships for grants made to non-employee directors, independent contractors, leased
employees or consultants when the grants are made. In addition, as to any Performance Share
Award not intended to constitute “performance-based compensation” under Section 162(m) of the
Code, at any time prior to the end of an Award Period (as defined in Section 9), the Committee
may revise the Performance Goals and the computation of payment if unforeseen events occur which
have a substantial effect on the performance of the Company, its parent, subsidiary, division,
affiliate or joint venture of the Company and which, in the judgment of the Committee, make the
application of the Performance Goals (as defined in Section 9) unfair (as determined in the sole
discretion of the Committee) unless a revision is made. Any decision or action taken or to be
taken by the Committee, arising out of or in connection with the construction, administration,
interpretation and effect of the Plan and of its rules and regulations, shall, to the maximum
extent permitted by applicable law, be within its absolute discretion (except as otherwise
specifically provided herein) and shall be final, binding and conclusive upon the Company, all
Eligible Persons and any person claiming under or through any Eligible Person.

The Committee may delegate any or all of its power and authority hereunder to the Chief
Executive Officer or President and such other officers as the Committee deems appropriate;
provided, however, that the Committee may not delegate its authority with regard to (i) any
matter or action affecting an officer subject to
Section 16 of the Exchange Act; (ii) any matter related to Incentives intended to be qualified
under Section 162(m) of the Code; or (iii) any matter or action related to grants of Incentives
to Non-Employee Directors.

For the purpose of this section and all subsequent sections, the Plan shall be deemed to
include this Plan and any sub-plans which, in the aggregate, shall constitute one Plan governed
by the terms set forth herein.

 

 

 

3. Eligibility

(a) Employees. Any person employed by the Company, its parent, if any, or its
subsidiaries, its affiliates and its joint ventures, including officers, whether or not
directors of the Company, and employees of a joint venture partner or affiliate of the Company
who provide services to the joint venture with such partner or affiliate (each such person, an
“Employee”), shall be eligible to participate in the Plan if designated by the Committee
(“Eligible Persons”).

(b) Non-employees. The term “Employee” shall not include a non-employee director or a
person hired as an independent contractor, leased employee or consultant, provided, however,
that the Committee may determine that any such person is eligible to receive Incentives under
the Plan (and, if such a determination is made as to any such person, such person shall be an
Eligible Person under the Plan). Such person shall not participate in this Plan except to the
extent that the Committee so determines, even if such person is subsequently determined to be an
“employee” by any governmental or judicial authority.

(c) No Right To Continued Employment. Nothing in the Plan shall interfere with or limit in
any way the right of the Company, its parent, its subsidiaries, its affiliates or its joint
ventures to terminate the employment of any participant at any time, nor confer upon any
participant the right to continue in the employ of the Company, its parent, its subsidiaries,
its affiliates or its joint ventures. No Eligible Person shall have a right to receive an
Incentive or any other benefit under this Plan or having been granted an Incentive or other
benefit, to receive any additional Incentive or other benefit. Neither the award of an
Incentive nor any benefits arising under such Incentives shall constitute an employment contract
with the Company, its parent, its subsidiaries, its affiliates or its joint ventures, and
accordingly, this Plan and the benefits hereunder may be terminated at any time in the sole and
exclusive discretion of the Company without giving rise to liability on the part of the Company,
its parent, its subsidiaries, its affiliates or its joint ventures for severance (except as
otherwise required under applicable local law). Except as may be otherwise specifically stated
in any other employee benefit plan, policy or program, or as required under applicable local
law, neither any Incentive under this Plan nor any amount realized from any such Incentive shall
be treated as compensation for any purposes of calculating an employee’s benefit under any such
plan, policy or program.

4. Term of the Plan

This Plan was effective on June 17, 2002 and originally approved by shareholders on July
21, 2003. The Plan is being extended pursuant to the amendments and restatements made on March
14, 2011 such that no Incentive shall be granted under the Plan after May 24, 2021, but the term
and exercise of Incentives granted theretofore may extend beyond that date.

 

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5. Incentives

(a) Types of Incentives. Incentives under the Plan may be granted in any one or a
combination of (i) Incentive Stock Options; (ii) Nonqualified Stock Options; (iii) Stock
Appreciation Rights; (iv) Restricted Stock Grants, (v) Performance Shares, (vi) Share Awards and
(vii) Phantom Stock Awards (Incentive Stock Options and Nonqualified Stock Options shall be
referred to collectively as “Stock Options” and together with Restricted Stock Grants,
Performance Shares, Share Awards and Phantom Stock Awards shall be
referred to collectively as “Incentives”) Incentives other than Stock Options and Stock
Appreciation Rights are “Full Value Awards.” All Incentives shall be subject to the terms and
conditions set forth herein and to such other terms and conditions as may be established by the
Committee.

(b) No Repricing. Except in connection with a corporate transaction involving the company
(including, without limitation, any stock dividend, stock split, extraordinary cash dividend,
recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or
exchange of shares), the terms of outstanding awards may not be amended to reduce the option
price of outstanding Stock Options or Stock Appreciation Rights or cancel outstanding Stock
Options or in exchange for cash, other awards or Stock Options or with an option price that is
less than the option price of the original Stock Options or Stock Appreciation Rights without
stockholder approval.

6. Shares Available for Incentives

(a) Shares Available. Subject to the provisions of Section 6(c), the maximum number of
shares of Common Stock of the Company that may be issued under the Plan as of December 31, 2010
is twenty-nine million, four hundred sixty-five thousand, three hundred eighteen (29,465,318)
which includes twelve million, sixty-five thousand, three hundred eighteen (12,065,318) shares
remaining from the original fifty-four million (54,000,000) shares that were approved by
shareholders on May 31, 2005 and an additional seventeen million, four hundred thousand
(17,400,000) shares added in connection with the amendment and restatement of the Plan on March
14, 2011.

For all grants made after December 31, 2010, the share reserve shall be reduced by (1) one
common share for each common share issued with respect to a Stock Option or Stock Appreciation
Right; and (b) 2.16 common shares for each common share issue with respect to Full Value Awards.
Upon the exercise of a stock-settled Stock Appreciation Right, the number of shares subject to
the Award that are then being exercised shall be counted against the maximum aggregate number of
shares that may be issued under the Plan, on the basis of one share for every share subject
thereto, regardless of the actual number of shares used to settle the Stock Appreciation Right
upon exercise.

In addition to the foregoing, the following shares of Common Stock related to Incentives
under this Plan may again be used for the grant of Incentives under the Plan: (i) shares related
to Incentives paid in cash; (ii) shares related to Incentives that expire, are forfeited or
cancelled or terminate for any other reason without issuance of shares of Common Stock; and
(iii) any shares of Common Stock related to Incentives that are assumed, converted or
substituted as a result of the acquisition of another company by the Company or a combination of
the Company with another company. Regardless of when Incentives are granted, effective January
1, 2011, shares tendered in payment of the option price or grant price for Stock Options and
Stock Appreciation Rights or shares withheld from Incentives (including Full Value Awards) for
tax payments or withholding for taxes shall not be added back into the Plan.

Shares under this Plan may be delivered by the Company from its authorized but unissued
shares of Common Stock or from issued and reacquired Common Stock held as treasury stock, or
both. In no event shall fractional shares of Common Stock be issued under the Plan.

(b) Limit on an Individual’s Incentives. In any calendar year, no Eligible Person may
receive (i) Incentives (including Stock Options and Stock Appreciation Rights) covering more than
two million (2,000,000) shares of the Company’s Common Stock (such number of shares shall be
adjusted in accordance with Section 6(c)), or (ii) any Incentive if such person owns more than ten
percent of the stock of the Company within the meaning of Section 422 of the Code, or (iii) any
Incentive Stock Option, as defined in Section 422 of the Code, which would result in such person
receiving a grant of Incentive Stock Options for stock that would have an
aggregate fair market value in excess of $100,000, determined as of the time that the Incentive
Stock Option is granted, that would be exercisable for the first time by such person during any
calendar year.

 

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(c) Adjustment of Shares. In the event of a reorganization, recapitalization, stock split,
stock dividend, combination of shares, merger, consolidation, rights offering, spin off, split off,
split up or other event identified by the Committee, the Committee shall make such adjustments, if
any, as it may deem appropriate in (i) the number and kind of shares authorized for issuance under
the Plan, (ii) the number and kind of shares subject to outstanding Incentives and (iii) the option
price/grant price of Stock Options and Stock Appreciation Rights. For the purposes of (i) and (ii)
above, fractions of a share will be rounded down to the nearest whole share (other than for
Incentive Stock Options). Any such determination shall be final, binding and conclusive on all
parties.

(d) Minimum Vesting for Full Value Awards. With respect to at least 95% of Full Value Awards
(other than Performance Share Awards) granted after December 31, 2010, vesting of such Incentives
will occur over a minimum of three years from the grant date. For Performance Share Awards, at
least 95% of these Incentives granted after December 31, 2010 will vest over a minimum of one year
from the grant date.

7. Stock Options

The Committee may grant options qualifying as Incentive Stock Options as defined in Section
422 of the Code to employees of the Company or a parent or subsidiary corporation within the
meaning of Section 424 of the Code, and options other than Incentive Stock Options
(“Nonqualified Options”) (collectively “Stock Options”). Such Stock Options shall be subject
to the following terms and conditions and such other terms and conditions as the Committee may
prescribe:

(a) Stock Option Price. The option price per share with respect to each Stock Option shall
be determined by the Committee, but shall not be less than 100% of the Fair Market Value of the
Common Stock (as defined below) on the date the Stock Option is granted, as determined by the
Committee. Unless the Committee determines otherwise, “Fair Market Value” shall mean the closing
stock price of a share of Common Stock, as reported on the New York Stock Exchange (or any other
reporting system selected by the Committee, in its sole discretion) on the date as of which the
determination is being made or, if no sale of shares of Common Stock is reported on this date, on
the next preceding day on which there were sales of shares of Common Stock reported.

(b) Period of Stock Option. The period of each Stock Option shall be fixed by the Committee,
provided that the period for all Stock Options shall not exceed ten (10) years from the grant. The
Committee may, subsequent to the granting of any Stock Option, extend the term thereof, but in no
event shall the extended term exceed ten years from the original grant date.

(c) Exercise of Stock Option and Payment Therefore. No shares shall be issued until full
payment of the option price has been made. The option price may be paid in cash or, if the
Committee determines, in shares of Common Stock or a combination of cash and shares of Common
Stock. If the Committee approves the use of shares of Common Stock as a payment method, the
Committee shall establish such conditions as it deems appropriate for the use of Common Stock to
exercise a Stock Option. Stock Options awarded under the Plan shall be exercised through such
procedure or program as the Committee may establish or define from time to time, which may include
a designated broker that must be used in exercising such Stock Options.

(d) First Exercisable Date. The Committee shall determine how and when shares covered by a
Stock Option may be purchased. The Committee may establish waiting periods, the dates on which
Stock Options become exercisable or ''vested’’ and, subject to paragraph (b) of this section,
exercise periods. The Committee may accelerate the exercisability of any Stock Option or portion
thereof.

 

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(e) Termination of Employment. Unless determined otherwise by the Committee, upon the
termination of a Stock Option grantee’s employment (for any reason other than gross misconduct),
outstanding Stock Options which were not exercisable at the date of such termination shall be
immediately forfeited upon termination. The Committee, however, in its discretion, may provide
that any Stock Options outstanding but not yet exercisable upon the termination of a Stock Option
grantee’s employment may become exercisable in accordance with a schedule determined by the
Committee. Such Stock Options shall expire unless exercised within such period of time after the
date of termination of employment as may be established by the Committee, but in no event later
than the expiration date of the Stock Option.

(f) Termination Due to Misconduct. If a Stock Option grantee’s employment is terminated for
gross misconduct, as determined by the Company, all outstanding Stock Options (regardless of
whether vested or not upon termination) shall expire upon the date of such termination.

(g) Limits on Incentive Stock Options. Except as may otherwise be permitted by the Code, an
Eligible Person may not receive a grant of Incentive Stock Options for stock that would have an
aggregate fair market value in excess of $100,000 (or such other amount as the Internal Revenue
Service may decide from time to time), determined as of the time that the Incentive Stock Option is
granted, that would be exercisable for the first time by such person during any calendar year. All
shares that have been authorized to be issued under the Plan may be used for the grant of Incentive
Stock Options.

8. Stock Appreciation Rights

The Committee may, in its discretion, grant a right to receive the appreciation in the fair
market value of shares of Common Stock (“Stock Appreciation Right”) either singly or in
combination with an underlying Stock Option granted hereunder. Such Stock Appreciation Right
shall be subject to the following terms and conditions and such other terms and conditions as
the Committee may prescribe:

(a) Time and Period of Grant. If a Stock Appreciation Right is granted with respect to an
underlying Stock Option, it may be granted at the time of the Stock Option grant or at any time
thereafter but prior to the expiration of the Stock Option grant. If a Stock Appreciation Right is
granted with respect to an underlying Stock Option, at the time the Stock Appreciation Right is
granted the Committee may limit the exercise period for such Stock Appreciation Right, before and
after which period no Stock Appreciation Right shall attach to the underlying Stock Option. In no
event shall the exercise period for a Stock Appreciation Right granted with respect to an
underlying Stock Option exceed the exercise period for such Stock Option. If a Stock Appreciation
Right is granted without an underlying Stock Option, the term of the Stock Appreciation Right shall
be set by the Committee, but in no event shall exceed ten (10) years from the grant.

(b) Value of Stock Appreciation Right. If a Stock Appreciation Right is granted with respect
to an underlying Stock Option, the grantee will be entitled to surrender the Stock Option which is
then exercisable and receive in exchange an amount equal to the excess of the fair market value of
the Common Stock on the date the election to surrender is received by the Company in accordance
with exercise procedures established by the Company over the Stock Option price multiplied by the
number of shares covered by the Stock Option which is surrendered. If a Stock Appreciation Right
is granted without an underlying Stock Option, the grantee will receive upon exercise of the Stock
Appreciation Right an amount equal to the excess of the fair market value of the Common Stock on
the date the election to surrender such Stock Appreciation Right is received by the Company in
accordance with exercise procedures established by the Company over the fair market value of the
Common Stock on the date of grant multiplied by the number of shares covered by the grant of the
Stock Appreciation Right. All Stock Appreciation Rights shall have a grant price that is not less
than 100% of the Fair Market Value of the Common Stock on the date the Stock Appreciation Right is
granted.

(c) Payment of Stock Appreciation Right. Payment of a Stock Appreciation Right shall be in
the form of shares of Common Stock, cash or any combination of shares and cash. The form of payment
upon exercise of such a right shall be determined by the Committee either at the time of grant of
the Stock Appreciation Right or at the time of exercise of the Stock Appreciation Right.

 

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9. Performance Share Awards

The Committee may grant awards under which payment may be made in shares of Common Stock,
cash or any combination of shares and cash if the performance of the Company or its parent, if
any, or any subsidiary, affiliate or joint venture of the Company or based on an individual
grantee’s performance, team, division or group performance or any other defined group that the
Committee determines during the Award Period meets certain goals established by the Committee
(“Performance Share Awards”). Such Performance Share Awards shall be subject to the following
terms and conditions and such other terms and conditions as the Committee may prescribe:

(a) Award Period and Performance Goals. The Committee shall determine and include in a
Performance Share Award grant the period of time for which a Performance Share Award is made
(“Award Period”). The Committee shall also establish performance objectives (“Performance
Goals”) to be met by the Company, its parent, if any, subsidiary, affiliate or joint venture of
the Company or individual grantee or team, division or group determined by the Committee during the
Award Period as a condition to payment of the Performance Share Award. The Performance Goals may
include any one or more of the following Company measures, as interpreted by the Committee, which
(to the extent applicable) will be determined in accordance with GAAP: earnings per share; net-new
sales; new named sales; client retention; client satisfaction; employee satisfaction; member
satisfaction; revenue performance; corporate earnings performance; return on assets; return on
equity; return on invested capital; cash flow; cash balances; market value added; economic value
added; earnings before interest, taxes, depreciation and amortization; mail and total prescription
volumes; mail penetration rate; cost and expense controls; drug trend management; clinical program
effectiveness; generic dispensing rates; specialty segment performance; covered lives; productivity
and growth in new markets, products and/or services. Performance Measures may be measured before
or after taking taxes into consideration, in the discretion of the Committee. The Performance
Goals may include minimum and optimum objectives or a single set of objectives. In determining
attainment of Performance Goals, the Committee will exclude unusual or infrequently occurring
items, charges for restructurings (employee severance liabilities, asset impairment costs, and exit
costs), discontinued operations, extraordinary items and the cumulative effect of changes in
accounting treatment, and may determine no later than ninety (90) days after the commencement of
any applicable Award Period to exclude other items, each determined in accordance with GAAP (to the
extent applicable) and as identified in the financial statements, notes to the financial statements
or discussion and analysis of management. If the Committee desires that compensation payable
pursuant to any Performance Share Award be qualified performance-based compensation within the
meaning of Section 162(m) of the Code for covered employees, the Performance Goals (i) shall be
established by the Committee no later than the end of the first quarter of the Award Period (or
such other time designated by the United States Internal Revenue Service) and (ii) shall satisfy
all other applicable requirements imposed under United States Treasury Regulations promulgated
under Section 162(m) of the Code, including the requirement that such Performance Goals be stated
in terms of an objective formula or standard.

(b) Payment of Performance Share Awards. The Committee shall establish the method of
calculating the amount of payment to be made under a Performance Share Award if the Performance
Goals are met, including the fixing of a maximum payment. The Performance Share Award shall be
expressed in terms of shares of Common Stock and referred to as “Performance Shares.” After the
completion of an Award Period, the performance of the Company, its parent, if any, subsidiary,
affiliate or joint venture of the Company or
individual grantee or team, division or group (whichever is relevant under the terms of the
Performance Share Award) shall be measured against the Performance Goals, and the Committee shall
determine, in accordance with the terms of such Performance Share Award, whether all, none or any
portion of a Performance Share Award shall be paid. The Committee, in its discretion, may elect to
make payment in shares of Common Stock, cash or a combination of shares and cash. Any cash payment
shall be based on the Fair Market Value of Performance Shares at the end of the Award Period.

 

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(c) Requirement of Employment. A grantee of a Performance Share Award must remain in the
employ of the Company, its parent, if any, subsidiary, affiliate or joint venture until the
completion of the Award Period in order to be entitled to payment under the Performance Share
Award; provided that the Committee may, in its discretion, provide for a full or partial payment
where such an exception is deemed equitable. However, to the extent that the Performance Share
Award is intended to constitute performance-based compensation, the Committee shall only make
exceptions in the event that the covered employee’s employment terminates due to death, disability
or upon a change of control provided payments are not made until after the completion of the Award
Period and certification that the Performance Goals have been attained as required pursuant to
Section 162(m).

(d) Dividend Equivalents. Dividend equivalents shall not be paid during the Award Period and
may only be paid on vested Performance Shares to the extent determined by the Committee.

10. Restricted Stock Grants

The Committee may award shares of Common Stock to an Eligible Person, which shares shall be
subject to the following terms and conditions and such other terms and conditions as the
Committee may prescribe (“Restricted Stock Grant”):

(a) Requirement of Employment. A grantee of a Restricted Stock Grant must remain in the
employment of the Company or its parent, if any, its subsidiaries, its affiliates and its joint
ventures during a period designated by the Committee (“Restriction Period”) in order to retain
the shares under the Restricted Stock Grant. If the grantee’s employment with the Company or its
parent, if any, its subsidiaries, its affiliates and its joint ventures terminates prior to the end
of the Restriction Period, the Restricted Stock Grant shall terminate and the shares of Common
Stock shall be returned immediately to the Company provided that the Committee may, at the time of
the grant, provide for the employment restriction to lapse with respect to a portion or portions of
the Restricted Stock Grant at different times during the Restriction Period. The Committee may, in
its discretion, also provide for such complete or partial exceptions to the employment restriction
as it deems equitable.

(b) Restrictions on Transfer and Legend on Stock Certificates. During the Restriction
Period, the grantee may not sell, assign, transfer, pledge or otherwise dispose of the shares of
Common Stock. Each certificate for shares of Common Stock issued hereunder shall contain a legend
giving appropriate notice of the restrictions in the grant.

(c) Escrow Agreement. The Committee may require the grantee to enter into an escrow
agreement providing that the certificates representing the Restricted Stock Grant will remain in
the physical custody of an escrow holder until all restrictions are removed or expire.

(d) Lapse of Restrictions. All restrictions imposed under the Restricted Stock Grant shall
lapse upon the expiration of the Restriction Period if the conditions as to employment set forth
above have been met. The grantee shall then be entitled to have the legend removed from the
certificates and/or request shares to be transferred to him or her from the escrow holder, if any.

 

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(e) Dividends. The Committee shall, in its discretion, at the time of the Restricted Stock
Grant, provide that any dividends declared on the Common Stock during the Restriction Period shall
either be (i) paid to the grantee as soon as practicable after the dividend is declared, or (ii)
accumulated for the benefit of the grantee and paid to the grantee only after the expiration of the
Restriction Period.

(f) Performance Goals. The Committee may designate whether any Restricted Stock Grant is
intended to be “performance-based compensation” as that term is used in Section 162(m) of the Code.
Any such Restricted Stock Grant designated to be “performance-based compensation” shall be
conditioned on the achievement of one or more Performance Goals (as defined in Section 9(a)), to
the extent required by Section 162(m).

11. Other Share-Based Awards

(a) Share Awards. The Committee may grant an award of shares of common stock (a “Share
Award”) to any Eligible Person on such terms and conditions as the Committee may determine in
its sole discretion.

(b) Phantom Stock Awards. The Committee may, in its discretion, grant a right representing
a number of hypothetical shares, including restricted stock units (a “Phantom Stock Award”), to
any Eligible Person on such terms and conditions, including whether payment of such Phantom
Stock Award will be in cash or shares, as the Committee may determine in its sole discretion.

12. Transferability

Each Incentive, other than Nonqualified Options, granted under the Plan shall not be
transferable or assignable other than by will or the laws of descent and distribution and shall
be exercisable during the grantee’s lifetime only by the grantee. Nonqualified Options shall
not be transferable or assignable by the recipient, and may not be made subject to execution,
attachment or similar procedures, other than by will or the laws of descent and distribution or
pursuant to a domestic relations order within the meaning of Rule 16a-12 under the Exchange Act.
Notwithstanding the foregoing, the Committee, in its discretion, may adopt rules permitting the
transfer, solely as gifts during the grantee’s lifetime, of Stock Options (other than Incentive
Stock Options) to trusts or family partnerships for the benefit of immediate family members, but
in no event will awards be transferable for value or consideration. For this purpose, immediate
family member means the grantee’s spouse, parent, child, stepchild, grandchild and the spouses
of such family members. The terms of a Stock Option shall be final, binding and conclusive upon
the beneficiaries, executors, administrators, heirs and successors of the grantee.

13. Discontinuance or Amendment of the Plan

The Board of Directors may discontinue the Plan at any time and may from time to time amend
or revise the terms of the Plan as permitted by applicable statutes, except that it may not,
without the consent of the grantees affected, revoke or alter, in a manner unfavorable to the
grantees of any Incentives hereunder, any Incentives then outstanding, nor may the Board amend
the Plan without stockholder approval where the absence of such approval would cause the Plan to
fail to comply with Rule 16b-3 under the Exchange Act, or any other requirement of applicable
law or regulation.

14. No Constraint on Corporate Action

Nothing in the Plan shall be construed (i) to limit, impair or otherwise affect the
Company’s right or power to make adjustments, reclassifications, reorganizations or changes of
its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell or
transfer all or any part of its business or assets, or (ii)
except as provided in Section 13, to limit the right or power of the Company, its parent, or any
subsidiary, affiliate or joint venture to take any action which such entity deems to be
necessary or appropriate.

 

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15. Withholding Taxes

The Company and its parent, if any, its subsidiaries, its affiliates and its joint ventures
shall be entitled to collect income taxes, social insurance contributions, payment on account
amounts, any local taxes and any other taxes related to the grant, vesting or exercise of
Incentives or acquisition or sale of shares acquired under the Plan legally due by grantee and
required to be withheld by the Company (or one of its affiliates) or grantee’s employer (“Tax
Withholding Amounts”) by any of the following methods: (i) withholding from shares of Common Stock
or cash issuable or due under the Incentive; (ii) withholding from compensation, salary, bonuses or
any other amounts due to grantee; or (iii) forcing shares of Common Stock to be sold that are
issued pursuant to Incentives and using the proceeds to cover the Tax Withholding Amounts. In
addition and in accordance with any applicable administrative guidelines it establishes, the
Committee may allow a grantee to pay the Tax Withholding Amounts by withholding from any payment of
Common Stock due as a result of such Incentive, or by permitting the grantee to deliver to the
Company, shares of Common Stock having a fair market value, as determined by the Committee, equal
to the amount of the Tax Withholding Amounts. Regardless of when Incentives are granted, effective
January 1, 2011, shares tendered in payment of the option price or grant price for Stock Options
and Stock Appreciation Rights or withheld from Incentives (including Full Value Awards) for tax
payments or withholding for taxes shall not be added back into the Plan.

16. Compliance with Section 16

With respect to Eligible Persons subject to Section 16 of the Exchange Act (“Section 16
Officers”), transactions under the Plan are intended to comply with all applicable conditions of
Rule 16b-3 or its successor under the Exchange Act. To the extent that compliance with any Plan
provision applicable solely to the Section 16 Officers is not required in order to bring a
transaction by such Section 16 Officer into compliance with Rule 16b-3, it shall be deemed null
and void as to such transaction, to the extent permitted by law and deemed advisable by the
Committee and its delegees. To the extent any provision of the Plan or action by the Plan
administrators involving such Section 16 Officers is deemed not to comply with an applicable
condition of Rule 16b-3, it shall be deemed null and void as to such Section 16 Officers, to the
extent permitted by law and deemed advisable by the Plan administrators.

17. Use of Proceeds

The proceeds received by the Company from the sale of stock under the Plan shall be added
to the general funds of the Company and shall be used for such corporate purposes as the Board
of Directors shall direct.

18. Change in Control

Unless otherwise provided in an award agreement, or for Incentives that do not constitute
deferred compensation under Section 409A of the Code, unless determined by the Committee in its
discretion, in the event of a Change in Control (as defined below), each Incentive outstanding as
of the Change in Control shall be assumed, continued, or substituted with a new Incentive that has:
(i) an intrinsic value equivalent to that of the original Incentive; and (ii) terms at least as
beneficial to the grantee as those contained in the original award agreement. If within two years
following a Change in Control, a grantee is terminated for any reason (or constructively terminated
as determined by the Committee in its sole discretion) except for “Cause” (as defined below) all of
the grantee’s outstanding Incentives which have not vested shall immediately vest and become
exercisable (if applicable) and all restrictions on such awards or shares shall immediately lapse.

 

- 9 -

 

For purposes of this Section 18, the term “Cause” shall mean that a grantee: (i) has been
convicted of, or entered a plea of nolo contendere to, a crime that constitutes a felony under
U.S. Federal or state law or equivalent under any applicable foreign law; (ii) has engaged in
willful gross misconduct in the performance of the grantee’s duties to the Company or a parent,
subsidiary or affiliate; or (iii) has committed a material breach of any written agreement with
the Company or any parent, subsidiary or affiliate with respect to confidentiality,
noncompetition, nonsolicitation or similar restrictive covenant. The Committee shall have the
discretion of determining whether a grantee has been terminated for Cause for the purposes of
this Section 18.

A “Change in Control” shall mean the occurrence during the term of the Plan of any one of the
following events:

(a) An acquisition (other than directly from the Company) of any shares of Common Stock or
other voting securities of the Company by any “Person” (for purposes of this Section only, as
the term “person” is used for purposes of Section 13(d) or 14(d) of the Exchange Act),
immediately after which such Person has “Beneficial Ownership” (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of forty percent (40%) or more of either (i) the then
outstanding shares of Common Stock or (ii) the combined voting power of the Company’s then
outstanding voting securities entitled to vote for the election of directors (the “Voting
Securities”); provided, however, in determining whether a Change in Control has occurred, shares
of Common Stock or Voting Securities which are acquired in a “Non-Control Acquisition” (as
hereinafter defined) shall not constitute an acquisition which would cause a Change in Control.
A “Non-Control Acquisition” shall mean an acquisition by (i) an employee benefit plan (or a
trust forming a part thereof) maintained by (A) the Company or (B) any corporation or other
Person of which a majority of its voting power or its voting equity securities or equity
interest is owned, directly or indirectly, by the Company (for purposes of this definition, a
“Related Entity”), (ii) the Company or any Related Entity, or (iii) any Person in connection
with a “Non-Control Transaction” (as hereinafter defined); or

(b) The individuals who, immediately after the acquisition or transaction, are members of
the Board of Directors of the Company (the “Incumbent Board”), (i) cease for any reason to
constitute at least a majority of the members of the Board of Directors of the Company, or (ii)
following a Merger (as hereinafter defined), do not constitute at least a majority of the board
of directors of (x) the Surviving Corporation (as hereinafter defined), if fifty percent (50%)
or more of the combined voting power of the then outstanding voting securities of the Surviving
Corporation is not Beneficially Owned, directly or indirectly by a Parent Corporation, or (y) if
there is one or more Parent Corporations, the ultimate Parent Corporation (as hereinafter
defined); provided, however, that if the election, or nomination for election by the Company’s
common stockholders, of any new director was approved by a vote of at least a majority of the
Incumbent Board, such new director shall, for purposes of this Plan, be considered as a member
of the Incumbent Board; provided, further, however, that no individual shall be considered a
member of the Incumbent Board if such individual initially assumed office as a result of an
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than
the Board of Directors of the Company (a “Proxy Contest”), including by reason of any agreement
intended to avoid or settle any Proxy Contest; or

 

- 10 -

 

(c) The consummation of:

(i) A merger, consolidation or reorganization with or into the Company or a direct
or indirect subsidiary of the Company or in which securities of the Company are issued (a
“Merger”), unless the Merger is a “Non-Control Transaction.” A “Non-Control Transaction”
shall mean:

(A) the stockholders of the Company immediately before such Merger own directly or
indirectly immediately following the Merger at least fifty percent (50%) of the
outstanding
common stock and the combined voting power of the outstanding voting securities of (x)
the corporation resulting from such Merger (the “Surviving Corporation”), if fifty
percent (50%) or more of the combined voting power of the then outstanding voting
securities of the Surviving Corporation is not Beneficially Owned, directly or indirectly
by another corporation (a “Parent Corporation”), or (y) if there is one or more Parent
Corporations, the ultimate Parent Corporation;

(B) the individuals who were members of the Incumbent Board immediately prior to the
execution of the agreement providing for the Merger, constitute at least a majority of
the members of the board of directors of, (x) the Surviving Corporation, if fifty percent
(50%) or more of the combined voting power of the then outstanding voting securities of
the Surviving Corporation is not Beneficially Owned, directly or indirectly by a Parent
Corporation, or (y) if there is one or more Parent Corporations, the ultimate Parent
Corporation; and

(C) no Person other than (1) the Company or another corporation that is a party to
the agreement of Merger, (2) any Related Entity, or (3) any employee benefit plan (or any
trust forming a part thereof) that, immediately prior to the Merger, was maintained by
the Company or any Related Entity, or (4) any Person who, immediately prior to the Merger
had Beneficial Ownership of forty percent (40%) or more of the then outstanding shares of
Common Stock or Voting Securities, has Beneficial Ownership, directly or indirectly, of
forty percent (40%) or more of the combined voting power of the outstanding voting
securities or common stock of (x) the Surviving Corporation, if fifty percent (50%) or
more of the combined voting power of the then outstanding voting securities of the
Surviving Corporation is not Beneficially Owned, directly or indirectly by a Parent
Corporation, or (y) if there is one or more Parent Corporations, the ultimate Parent
Corporation.

(ii) A complete liquidation or dissolution of the Company; or

(iii) The sale or other disposition of all or substantially all of the assets of the Company
and its subsidiaries taken as a whole to any Person (other than a transfer to a Related Entity or
under conditions that would constitute a Non-Control Transaction with the disposition of assets
being regarded as a Merger for this purpose or the distribution to the Company’s stockholders of
the stock of a Related Entity or any other assets).

Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any
Person (the “Subject Person”) acquired Beneficial Ownership of more than the permitted amount of
the then outstanding shares of Common Stock or Voting Securities as a result of the acquisition of
shares of Common Stock or Voting Securities by the Company which, by reducing the number of shares
of Common Stock or Voting Securities then outstanding, increases the proportional number of shares
Beneficially Owned by the Subject Persons; provided, that if a Change in Control would occur (but
for the operation of this sentence) as a result of the acquisition of shares of Common Stock or
Voting Securities by the Company, and after such share acquisition by the Company, the Subject
Person becomes the Beneficial Owner of any additional shares of Common Stock or Voting Securities
which increases the percentage of the then outstanding shares of Common Stock or Voting Securities
Beneficially Owned by the Subject Person, then a Change in Control shall occur.

Also, notwithstanding the foregoing, to the extent that any Incentive constitutes a deferral of
compensation subject to Code Section 409A, and if that Incentive provides for a change in the time
or form of payment upon a Change in Control, then no Change in Control shall be deemed to have
occurred upon an event described in this Section 18 unless the event would also constitute a change
in ownership or effective control of, or a change in the ownership of a substantial portion of the
assets of, the Company under Code Section 409A.

19. Governing Law

The Plan, and all agreements hereunder, shall be construed in accordance with and governed
by the laws of the State of Delaware without giving effect to the principles of conflicts of
laws.

 

- 11 -

 

ADDENDUM

TO THE

MEDCO HEALTH SOLUTIONS, INC.

2002 STOCK INCENTIVE PLAN

This addendum is intended to cause the Medco Health Solutions, Inc. 2002 Stock Incentive Plan (the
“Plan”) to meet the requirements of a written plan as described in Q&A 21 of Internal Revenue
Service Notice 2005-1 with respect to restricted stock units, performance shares or other share
based awards subject to deferral (“Stock Units”) granted under the Plan. Capitalized terms used
herein but not defined shall have the meaning ascribed to them in the Plan.

1. Deferrals of Stock Units Permitted

(a) Receipt of stock or other payment pursuant to the conversion of a Stock Unit granted under the
Plan may be deferred at the election of a grantee beyond the taxable year in which the Stock Unit
vests and becomes non-forfeitable provided permitted by the Committee.

(b) This deferral program is intended to meet the requirements of an unfunded “top-hat” plan
maintained primarily for the purpose of providing deferred compensation for a select group of
management or highly compensated employees, within the meaning of Sections 201(2), 301(a)(3) and
401(a)(1) of ERISA. No grantee shall be permitted to make a deferral election if such grantee’s
participation in the deferral program would cause the Plan to fail to be treated as a top-hat plan.

(c) Stock Units granted to members of the Board of Directors are not affected by this Addendum.

2. Deferral Period

(a) The deferral may be until any of the following:

(i) six months after the date of a grantee’s separation from service,

(ii) the date the participant becomes disabled (within the meaning of Section 409A(a)(2)(C)
of Code),

(iii) death,

(iv) a specified date (or pursuant to a fixed schedule),

(v) to the extent provided in regulations, a change in the ownership or effective control
of the Company, or in the ownership of a substantial portion of the assets of the Company,
or

(vi) the occurrence of an unforeseeable emergency (as defined in Section 409A of the Code
or the regulations promulgated thereunder).

3. No Acceleration

Acceleration of the deferral period elected by the grantee shall not be permitted, except as
provided in regulations promulgated under Section 409A of the Code.

 

 

 

4. Deferral Elections

Deferral elections shall be made in compliance with Section 409A of the Code. In accordance with
IRS Notice 2005-1, deferral elections with respect to Stock Units outstanding but unvested as of
March 15, 2005 may be made on or before March 15, 2005. Changes in the time and form of payments
with respect to Stock Units for which an initial deferral is in effect shall be permitted in
accordance with Section 409A(a)(4)(C) of the Code, the terms of which shall be incorporated into
this Addendum.

5. Compliance with Section 409A

Awards granted under the Plans are intended to comply with the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended. In order to comply with Section 409A, Stock Units
granted under the Plans to employees who are not participants in the 2006 Executive Severance Plan
at the time of grant shall be administered such that a separation from service of the grantee does
not result in deferred compensation as defined in Section 409A unless the recipient has made a
voluntary deferral election. As a result, Stock Units shall be converted and paid as soon as
practicable following the date on which the Stock Units vest and become non-forfeitable. Stock
Units granted under the Plans to employees who are participants in the 2006 Executive Severance
Plan shall be administered such that a separation from service of the grantee does not result in
the acceleration of payment of a Stock Unit. As a result, Stock Units shall not be converted and
paid prior to the “Vesting Date” specified on the Term Sheet issued in respect of the award. The
purpose of the prior sentence is to document that, except in the case of death or termination
Within Two Years following a Change in Control, Stock Units granted to a participant in the 2006
Executive Severance Plan are paid on a date certain unless the recipient has made a specific
deferral election in writing.

6. Transition Relief

Notwithstanding the foregoing, Stock Units that have become vested on or before October 22, 2008
and have not been paid as of such date, shall, if held by an employee who is not a participant in
the Executive Severance Plan, be paid on or about February 24, 2009. This provision has been added
as of October 22, 2008 and is intended to comply with the 409A transition guidance.

7. Change in Control Provisions

In order to comply with Section 409A in connection with the payment of any Stock Units following or
in connection with a “Change in Control,” the following applies:

a. The definition of Change in Control in Section 18 of the Plan shall apply for purposes of
determining the extent to which an Incentive has vested.

b. Any payment provisions applicable to a Stock Unit that are conditioned upon the occurrence
of a Change in Control shall only apply if the Change in Control is also a change in the ownership
or effective control, or a change in the ownership of a substantial portion of the assets of the
Company as defined in Treasury Regulation Section 1.409A-3(i)(5).

 

- 2 -exv10w1

Exhibit 10.1

Execution Copy

 

Transaction CUSIP Number: 98233LAC0

Term Facility CUSIP Number: 98233LAE6

Revolving Facility CUSIP Number: 98233LAD8

CREDIT AGREEMENT

Dated as of May 23, 2011

Among

WRIGHT EXPRESS CORPORATION

and

CERTAIN SUBSIDIARIES

as Borrowers,

BANK OF AMERICA, N.A.,

as Administrative Agent, Swing Line Lender

and

L/C Issuer,

and

The Other Lenders Party Hereto

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

RBS CITIZENS, NATIONAL ASSOCIATION,

SUNTRUST ROBINSON HUMPHREY, INC.,

and

WELLS FARGO SECURITIES, LLC

as Joint Lead Arrangers and Joint Book Managers

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

RBS CITIZENS, NATIONAL ASSOCIATION,

SUNTRUST ROBINSON HUMPHREY, INC.,

and

WELLS FARGO BANK, N.A.

as Co-Syndication Agents

BANK OF MONTREAL

and

KEYBANK NATIONAL ASSOCIATION,

as Co-Documentation Agents

 

This is a Syndicated Facility Agreement

-i-

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	 
	 	 	 	 
	1.01 Defined Terms
	 	 	1	 
	1.02 Other Interpretive Provisions
	 	 	34	 
	1.03 Accounting Terms
	 	 	34	 
	1.04 Rounding
	 	 	35	 
	1.05 Exchange Rates; Currency Equivalents
	 	 	35	 
	1.06 Additional Alternative Currencies
	 	 	35	 
	1.07 Change of Currency
	 	 	36	 
	1.08 Times of Day
	 	 	37	 
	1.09 Letter of Credit Amounts
	 	 	37	 
	 
	 	 	 	 
	ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS
	 	 	37	 
	 
	 	 	 	 
	2.01 The Loans
	 	 	37	 
	2.02 Borrowings, Conversions and Continuations of Loans
	 	 	38	 
	2.03 Letters of Credit
	 	 	40	 
	2.04 Swing Line Loans
	 	 	50	 
	2.05 Prepayments
	 	 	53	 
	2.06 Termination or Reduction of Commitments
	 	 	54	 
	2.07 Repayment of Loans
	 	 	55	 
	2.08 Interest
	 	 	55	 
	2.09 Fees
	 	 	56	 
	2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	 	 	57	 
	2.11 Evidence of Debt
	 	 	57	 
	2.12 Payments Generally; Administrative Agent’s Clawback
	 	 	58	 
	2.13 Sharing of Payments by Lenders
	 	 	60	 
	2.14 Designated Borrowers
	 	 	61	 
	2.15 Defaulting Lenders
	 	 	62	 
	2.16 Increase in Commitments
	 	 	64	 
	 
	 	 	 	 
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
	 	 	65	 
	 
	 	 	 	 
	3.01 Taxes
	 	 	65	 
	3.02 Illegality
	 	 	70	 
	3.03 Inability to Determine Rates
	 	 	70	 
	3.04 Increased Costs; Reserves on Eurocurrency Rate Loans
	 	 	71	 
	3.05 Compensation for Losses
	 	 	73	 
	3.06 Mitigation Obligations; Replacement of Lenders
	 	 	74	 
	3.07 Survival
	 	 	74	 
	 
	 	 	 	 
	ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	 	 	74	 
	 
	 	 	 	 
	4.01 Conditions of Initial Credit Extension
	 	 	74	 
	4.02 Conditions to all Credit Extensions
	 	 	76	 
	4.03 Conditions to Credit Extension to Specified Designated Borrower
	 	 	77	 

-i- 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES
	 	 	78	 
	 
	 	 	 	 
	5.01 Existence, Qualification and Power
	 	 	78	 
	5.02 Authorization; No Contravention
	 	 	78	 
	5.03 Governmental Authorization; Other Consents
	 	 	78	 
	5.04 Binding Effect
	 	 	79	 
	5.05 Financial Statements; No Material Adverse Effect
	 	 	79	 
	5.06 Litigation
	 	 	80	 
	5.07 No Default
	 	 	80	 
	5.08 Ownership of Property; Liens
	 	 	80	 
	5.09 Environmental Compliance
	 	 	80	 
	5.10 Insurance
	 	 	80	 
	5.11 Taxes
	 	 	80	 
	5.12 ERISA Compliance
	 	 	81	 
	5.13 Subsidiaries; Equity Interests
	 	 	82	 
	5.14 Margin Regulations; Investment Company Act
	 	 	82	 
	5.15 Disclosure
	 	 	82	 
	5.16 Compliance with Laws
	 	 	83	 
	5.17 Taxpayer Identification Number; Other Identifying Information
	 	 	83	 
	5.18 Intellectual Property; Licenses, Etc
	 	 	83	 
	5.19 Representations as to Foreign Loan Parties and the Specified Designated Borrower
	 	 	83	 
	5.20 Solvency
	 	 	84	 
	5.21 Collateral Documents
	 	 	85	 
	 
	 	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS
	 	 	85	 
	 
	 	 	 	 
	6.01 Financial Statements
	 	 	85	 
	6.02 Certificates; Other Information
	 	 	87	 
	6.03 Notices
	 	 	88	 
	6.04 Payment of Obligations
	 	 	89	 
	6.05 Preservation of Existence, Etc
	 	 	89	 
	6.06 Maintenance of Properties
	 	 	89	 
	6.07 Maintenance of Insurance
	 	 	90	 
	6.08 Compliance with Laws
	 	 	90	 
	6.09 Books and Records
	 	 	90	 
	6.10 Inspection Rights
	 	 	90	 
	6.11 Use of Proceeds
	 	 	90	 
	6.12 Approvals and Authorizations
	 	 	90	 
	6.13 Additional Guarantors; Pledge; Redesignation of Immaterial Subsidiaries
	 	 	90	 
	6.14 Compliance with Regulatory Requirements
	 	 	92	 
	6.15 Post Closing Covenant
	 	 	92	 
	 
	 	 	 	 
	ARTICLE VII. NEGATIVE COVENANTS
	 	 	92	 

-ii- 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page	 
	7.01 Liens
	 	 	92	 
	7.02 Investments
	 	 	94	 
	7.03 Indebtedness
	 	 	96	 
	7.04 Fundamental Changes
	 	 	98	 
	7.05 Dispositions
	 	 	99	 
	7.06 Restricted Payments
	 	 	99	 
	7.07 Change in Nature of Business
	 	 	100	 
	7.08 Transactions with Affiliates
	 	 	100	 
	7.09 Burdensome Agreements
	 	 	101	 
	7.10 Use of Proceeds
	 	 	101	 
	7.11 Financial Covenants
	 	 	102	 
	7.12 Sale and Leasebacks
	 	 	102	 
	7.13 Accounting Changes
	 	 	102	 
	7.14 Tax Receivable Agreement
	 	 	102	 
	7.15 Amendments
	 	 	102	 
	7.16 Permitted Securitization Transactions
	 	 	102	 
	 
	 	 	 	 
	ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES
	 	 	103	 
	 
	 	 	 	 
	8.01 Events of Default
	 	 	103	 
	8.02 Remedies Upon Event of Default
	 	 	105	 
	8.03 Application of Funds
	 	 	106	 
	 
	 	 	 	 
	ARTICLE IX. ADMINISTRATIVE AGENT
	 	 	107	 
	 
	 	 	 	 
	9.01 Appointment and Authority
	 	 	107	 
	9.02 Rights as a Lender
	 	 	107	 
	9.03 Exculpatory Provisions
	 	 	108	 
	9.04 Reliance by Administrative Agent
	 	 	109	 
	9.05 Delegation of Duties
	 	 	109	 
	9.06 Resignation of Administrative Agent
	 	 	109	 
	9.07 Non-Reliance on Administrative Agent and Other Lenders
	 	 	110	 
	9.08 No Other Duties, Etc
	 	 	110	 
	9.09 Administrative Agent May File Proofs of Claim
	 	 	110	 
	9.10 Collateral and Guaranty Matters
	 	 	111	 
	9.11 Specified Cash Management Agreements and Specified Hedge Agreements
	 	 	112	 
	 
	 	 	 	 
	ARTICLE X. MISCELLANEOUS
	 	 	112	 
	 
	 	 	 	 
	10.01 Amendments, Etc
	 	 	112	 
	10.02 Notices; Effectiveness; Electronic Communication
	 	 	114	 
	10.03 No Waiver; Cumulative Remedies; Enforcement
	 	 	116	 
	10.04 Expenses; Indemnity; Damage Waiver
	 	 	117	 
	10.05 Payments Set Aside
	 	 	119	 
	10.06 Successors and Assigns
	 	 	120	 

-iii- 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page	 
	10.07 Treatment of Certain Information; Confidentiality
	 	 	125	 
	10.08 Right of Setoff
	 	 	126	 
	10.09 Interest Rate Limitation
	 	 	126	 
	10.10 Counterparts; Integration; Effectiveness
	 	 	127	 
	10.11 Survival of Representations and Warranties
	 	 	127	 
	10.12 Severability
	 	 	127	 
	10.13 Replacement of Lenders
	 	 	127	 
	10.14 Governing Law; Jurisdiction; Etc
	 	 	128	 
	10.15 Waiver of Jury Trial
	 	 	129	 
	10.16 No Advisory or Fiduciary Responsibility
	 	 	129	 
	10.17 Electronic Execution of Assignments and Certain Other Documents
	 	 	130	 
	10.18 USA PATRIOT Act
	 	 	130	 
	10.19 Judgment Currency
	 	 	130	 
	10.20 Implementation of CAM
	 	 	131	 
	10.21 Certain Representations and Confirmations
	 	 	132	 

-iv- 

 

SCHEDULES

	 

	1.01 Mandatory Cost Formulae

	1.01(e) Existing Letters of Credit

	2.01 Commitments and Applicable Percentages

	5.05 Supplement to Interim Financial Statements

	5.13 Subsidiaries; Other Equity Investments; Equity Interests in the Company

	5.17 Identification Numbers for Designated Borrowers that are Foreign Subsidiaries

	7.01 Existing Liens

	7.02 Existing Investments

	7.03 Existing Indebtedness

	7.09 Burdensome Agreements

	10.02 Administrative Agent’s Office; Certain Addresses for Notices

EXHIBITS

	 

	Form of

	A Loan Notice

	B Swing Line Loan Notice

	C-1 Term Note

	C-2 Revolving Credit Note

	D Compliance Certificate

	E Assignment and Assumption

	F Company Guaranty

	G Domestic Subsidiary Guaranty

	H Foreign Subsidiary Pledge Agreement

	I Designated Borrower Request and Assumption Agreement

	J Designated Borrower Notice

	K Opinion Matters

	L Solvency Certificate

 

 

CREDIT AGREEMENT

     This CREDIT AGREEMENT (“Agreement”) is entered into as of May 23, 2011 among WRIGHT
EXPRESS CORPORATION, a Delaware corporation (the “Company”), the Designated Borrowers (as
defined herein and, together with the Company, collectively the “Borrowers” and, each a
“Borrower”), the Specified Designated Borrower (as defined herein), each lender from time
to time party hereto (collectively, the “Lenders” and individually, a “Lender”),
BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, MERRILL LYNCH,
PIERCE, FENNER & SMITH INCORPORATED (“MLPFS”), RBS CITIZENS, NATIONAL ASSOCIATION, SUNTRUST
ROBINSON HUMPHREY, INC. and WELLS FARGO SECURITIES, LLC, as joint lead arrangers and joint book
managers (collectively, the “Joint Lead Arrangers”), and MERRILL LYNCH, PIERCE, FENNER &
SMITH INCORPORATED, RBS CITIZENS, NATIONAL ASSOCIATION, SUNTRUST ROBINSON HUMPHREY, INC. and
WELLS FARGO BANK, N.A., as co-syndication agents (collectively, the “Syndication
Agents”).

     The Company has requested that the Lenders provide a term loan facility and a revolving credit
facility, and the Lenders have indicated their willingness to lend and the L/C Issuer has indicated
its willingness to issue letters of credit, in each case, on the terms and subject to the
conditions set forth herein.

     In consideration of the mutual covenants and agreements herein contained, the parties hereto
covenant and agree as follows:

ARTICLE I.

DEFINITIONS AND ACCOUNTING TERMS

     1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings
set forth below:

     “Acquisition” means (a) an investment (through the acquisition of Equity Interests or
otherwise) by the Company or any Subsidiary in any other Person pursuant to which such Person shall
become a Subsidiary or shall be merged with or into the Company or any Subsidiary, or (b) the
acquisition (by purchase, merger, consolidation or otherwise) by the Company or any Subsidiary of
the assets of any Person which constitute all or substantially all of the assets of such Person or
any division or line of business of such Person.

     “Administrative Agent” means Bank of America in its capacity as administrative agent
under any of the Loan Documents, or any successor administrative agent.

     “Administrative Agent’s Office” means, with respect to any currency, the
Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02
with respect to such currency, or such other address or account with respect to such currency as
the Administrative Agent may from time to time notify to the Company and the Lenders.

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

 

 

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

     “Agreement” means this Credit Agreement.

     “Alternative Currency” means each of Euro, Sterling, Australian Dollars, Canadian
Dollars, Yen, and each additional currency (other than Dollars) that is approved in accordance with
Section 1.06.

     “Alternative Currency Equivalent” means, at any time, with respect to any amount
denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as
determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the
basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase
of such Alternative Currency with Dollars.

     “Alternative Currency Sublimit” means an amount equal to the lesser of the Revolving
Credit Facility and $600,000,000. The Alternative Currency Sublimit is part of, and not in
addition to, the Revolving Credit Facility.

     “Applicable Percentage” means (a) in respect of the Term Facility, with respect to any
Term Lender at any time, the percentage (carried out to the ninth decimal place) of the Term
Facility represented by (i) on or prior to the Closing Date, such Term Lender’s Term Commitment at
such time and (ii) thereafter, the principal amount of such Term Lender’s Term Loans at such time,
and (b) in respect of the Revolving Credit Facility, with respect to any Revolving Credit Lender at
any time, the percentage (carried out to the ninth decimal place) of the Revolving Credit Facility
represented by such Revolving Credit Lender’s Revolving Credit Commitment at such time. If the
commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit
Extensions have been terminated pursuant to Section 8.02, or if the Revolving Credit
Commitments have expired, then the Applicable Percentage of each Lender in respect of the
applicable Facility shall be determined based on the Applicable Percentage of such Lender in
respect of such Facility most recently in effect, giving effect to any subsequent assignments. The
initial Applicable Percentage of each Lender in respect of each Facility is set forth opposite the
name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which
such Lender becomes a party hereto, as applicable.

     “Applicable Rate” means with respect to any Base Rate Loan or Eurocurrency Rate Loan,
or with respect to Letter of Credit Fees and Commitment Fees payable hereunder, (a) from the
Closing Date until the Business Day after a Compliance Certificate is delivered for the fiscal
quarter ending June 30, 2011, (i) 0.750%, with respect to Base Rate Loans, (ii) 1.750%, with
respect to Eurocurrency Rate Loans and Letter of Credit Fees and (iii) 0.300%, with respect to
Commitment Fees, and (b) thereafter, the following percentages per annum set forth below under the
caption “Base Rate Loans”, “Eurocurrency Rate Loans (Letter of Credit Fee)” or “Commitment Fee”, as
the case may be, based upon the Consolidated Leverage Ratio as set forth in the most recent
Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b):

-2-

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Applicable Rate	 
	 	 	 	 	 	 	 	 	Eurocurrency Rate	 	 	 	 
	Pricing	 	Consolidated	 	 	 	 	 	(Letter of Credit	 	 	 	 
	Level	 	Leverage Ratio	 	Base Rate	 	 	Fees)	 	 	Commitment Fee	 
	1
	 	< 0.75:1	 	 	0.250	%	 	 	1.250	%	 	 	0.200	%
	2
	 	≥ 0.75:1 but < 1.50:1	 	 	0.500	%	 	 	1.500	%	 	 	0.250	%
	3
	 	≥ 1.50:1 but < 2.25:1	 	 	0.750	%	 	 	1.750	%	 	 	0.300	%
	4
	 	≥ 2.25:1 but < 3.00:1	 	 	1.000	%	 	 	2.000	%	 	 	0.350	%
	5
	 	≥ 3.00:1	 	 	1.250	%	 	 	2.250	%	 	 	0.400	%

     Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated
Leverage Ratio shall become effective as of the first Business Day immediately following the date a
Compliance Certificate is delivered pursuant to Section 6.02(b); provided,
however, that if a Compliance Certificate is not delivered when due in accordance with such
Section, then Pricing Level 5 shall apply in respect of the Term Facility and the Revolving Credit
Facility, in each case as of the first Business Day after the date on which such Compliance
Certificate was required to have been delivered and in each case shall remain in effect until the
date on which such Compliance Certificate is delivered, and provided, further, that
during (and commencing on the first day of) any Step-Up Period, the Applicable Rate shall be (a)
with respect to Base Rate Loans, 1.500%, (b) with respect to Eurocurrency Loans and the Letter of
Credit Fee, 2.500%, and (c) with respect to the Commitment Fee, 0.400%.

     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 2.10(b).

     “Applicable Revolving Credit Percentage” means with respect to any Revolving Credit
Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the
Revolving Credit Facility at such time.

     “Applicable Time” means, 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 or the L/C Issuer, as the case may be, to be
necessary for timely settlement on the relevant date in accordance with normal banking procedures
in the place of payment.

     “Applicant Borrower” has the meaning specified in Section 2.14.

     “Appropriate Lender” means, at any time, (a) with respect to the Term Facility or the
Revolving Credit Facility, a Lender that has a Commitment with respect to such Facility or holds

-3-

 

a Term Loan or a Revolving Credit Loan, respectively, at such time, (b) with respect to the
Letter of Credit Sublimit, (i) the L/C Issuer and (ii) if any Letters of Credit have been issued
pursuant to Section 2.03(a), the Revolving Credit Lenders and (c) with respect to the Swing
Line Sublimit, (i) the Swing Line Lender and (ii) if any Swing Line Loans are outstanding pursuant
to Section 2.04(a), the Revolving Credit Lenders.

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

     “Assignee Group” means 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” means an assignment and assumption entered into by a
Lender and an assignee (with the consent of any party whose consent is required by Section
10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit
E or any other form approved by the Administrative Agent.

     “Attributable Indebtedness” means, on any date, (a) in respect of any capital lease of
any Person, the capitalized amount thereof that would appear on a balance sheet of such Person
prepared as of such date in accordance with GAAP, (b) in respect of any Synthetic Lease Obligation,
the capitalized amount of the remaining lease payments under the relevant lease that would appear
on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease
were accounted for as a capital lease and (c) in respect of any Securitization Transaction, the
outstanding principal amount of such financing owed to Persons other than the Company, its
Subsidiaries and Permitted Securitization Entities.

     “Audited Financial Statements” means the audited consolidated balance sheet of the
Company and its Subsidiaries for the fiscal year ended December 31, 2010 and the related
consolidated statements of income or operations, shareholders’ equity and cash flows for such
fiscal year of the Company and its Subsidiaries, including the notes thereto.

     “Australian Dollar” means lawful money of the Commonwealth of Australia

     “Availability Period” means the period from and including the Closing Date to the
earliest of (a) the Maturity Date in respect of the Revolving Credit Facility, (b) the date of
termination of the Revolving Credit Facility pursuant to Section 2.06, and (c) the date of
termination of the commitment of each Lender to make Loans and of the obligation of the L/C Issuer
to make L/C Credit Extensions pursuant to Section 8.02.

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

     “Base Rate” means for any day a fluctuating rate per annum equal to the
highest of (a) the Federal Funds Rate plus 1/2 of 1%, (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 1.00%. 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

-4-

 

below such announced rate. Any change in such rate announced by Bank of America shall take
effect at the opening of business on the day specified in the public announcement of such change.

     “Base Rate Revolving Credit Loan” means a Revolving Credit Loan that is a Base Rate
Loan.

     “Base Rate Loan” means a Revolving Credit Loan or a Term Loan that bears interest
based on the Base Rate.

     “Borrower” and “Borrowers” each has the meaning specified in the introductory
paragraph hereto.

     “Borrower Materials” has the meaning specified in Section 6.02.

     “Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing or a Term
Borrowing, as the context may require.

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact closed in, the state
where the Administrative Agent’s Office with respect to Obligations denominated in Dollars is
located and:

     (a) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in
respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars to be carried
out pursuant to this Agreement in respect of any such Eurocurrency Rate 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 Rate Loan
denominated in Euro, any fundings, disbursements, settlements and payments in Euro in
respect of any such Eurocurrency Rate Loan, or any other dealings in Euro to be carried out
pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means any such day
on which dealings in deposits in Euro are conducted by and between banks in the London
interbank eurodollar market and a TARGET Day;

     (c) if such day relates to any interest rate settings as to a Eurocurrency Rate 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; and

     (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 Rate 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 Rate Loan (other than any interest rate settings), means

-5-

 

any such day on which banks are open for foreign exchange business in the principal
financial center of the country of such currency.

     “CAM” means the mechanism for the allocation and exchange of interests in the Loans
and the collections thereunder established under Section 10.20.

     “CAM Exchange” means the exchange of Lenders’ interests provided for in Section
10.20.

     “CAM Exchange Date” means the earlier date on which there shall occur (i) any event
referred to in clause (f) or (g) of Section 8.01 or (ii) an acceleration of any of the
Obligations pursuant to Section 8.02.

     “CAM Percentage” means with respect to any Lender, the percentage (carried out to the
ninth decimal place) determined by dividing the Dollar Equivalent of the Designated Obligations
owed to such Lender (whether or not at the time due and payable) immediately prior to the CAM
Exchange by the Dollar Equivalent of the Designated Obligations owed to all Lenders (whether or not
at the time due and payable) immediately prior to the CAM Exchange

     “Canadian Dollar” means lawful money of Canada.

     “Cash Collateralize” has the meaning specified in Section 2.03(g).

     “Cash Equivalents” means, as to any Person, (a) securities issued, or directly,
unconditionally and fully guaranteed or insured, by the United States or any agency or
instrumentality thereof having maturities of not more than one year from the date of acquisition by
such Person; (b) time deposits, certificates of deposit and bankers’ acceptances of any Lender or
any commercial bank, or which is the principal banking subsidiary of a bank holding company, in
each case, organized under the laws of the United States, any state thereof or the District of
Columbia having, capital and surplus aggregating in excess of $500 million with maturities of not
more than one year from the date of acquisition by such Person; (c) repurchase obligations with a
term of not more than 30 days for underlying securities of the types described in clause (a) above
entered into with any bank meeting the qualifications specified in clause (b) above, which
repurchase obligations are secured by a valid perfected security interest in the underlying
securities; (d) commercial paper issued by any Person incorporated in the United States rated at
least A-1 or the equivalent thereof by S&P or at least P-1 or the equivalent thereof by Moody’s and
in each case maturing not more than one year after the date of acquisition by such Person; (e)
direct obligations issued by any state of the United States or any political subdivision thereof
having one of the two highest rating categories obtainable from either S&P or Moody’s with
maturities of not more than one year from the date of acquisition thereof; (f) demand deposit
accounts maintained in the ordinary course of business; (g) investments in money market funds (i)
substantially all of whose assets are comprised of securities of the types described in clauses (a)
through (f) above, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of
at least $5,000,000.

     “Cash Management Agreement” means any agreement to provide cash management services,
including treasury, depository, overdraft, credit or debit card, electronic funds transfer and
other cash management arrangements.

-6-

 

     “Cash Management Bank” means any Person that, at the time it enters into a Cash
Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such
Cash Management Agreement, but only for so long as such Person is a Lender or an Affiliate of a
Lender.

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

     “Change of Control” means an event or series of events by which:

     (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, 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 of 1934, 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 30%
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);

     (b) a majority of the seats (other than vacant seats) on the board of directors of the
Company shall be occupied by Persons who were neither (i) nominated by the board of
directors of the Company nor (ii) appointed by directors so nominated; or

     (c) any “change of control” or similar event, however characterized, shall occur under
any document governing any Indebtedness of the Company or any Subsidiary having a principal
amount equal to or greater than the Threshold Amount if, as a consequence of such change of
control or similar event, the holders of such Indebtedness have the right whether or not
exercised, to cause the Company or any Subsidiary to redeem, prepay, repurchase or make any
other payment in respect of such Indebtedness.

     “Closing Date” means the first date all the conditions precedent in Section
4.01 are satisfied or waived in accordance with Section 10.01.

-7-

 

     “Code” means the Internal Revenue Code of 1986.

     “Collateral Documents” means, collectively, the Foreign Subsidiary Pledge Documents,
each supplement thereto, and each of the other agreements, instruments or documents that creates or
purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured
Parties.

     “Commitment” means a Term Commitment or a Revolving Credit Commitment, as the context
may require.

     “Company” has the meaning specified in the introductory paragraph hereto.

     “Company Guaranty” means the Company Guaranty made by the Company in favor of the
Administrative Agent and the Lenders, substantially in the form of Exhibit F.

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

     “Consolidated EBIT” means, for any period, an amount equal to Consolidated EBITDA
minus depreciation and amortization expense (to the extent added back in the calculation of
Consolidated EBITDA).

     “Consolidated EBITDA” means, for any period, Consolidated Net Income after eliminating
extraordinary gains and losses, and unusual items, (a) plus, without duplication (and to the extent
deducted in calculating such Consolidated Net Income), (i) income tax expense, (ii) depreciation
and amortization expense, (iii) Consolidated Interest Charges, (iv) other non-cash charges, and (v)
non-recurring charges or expenses incurred as transaction costs in connection with Permitted
Acquisitions, and (b) minus, without duplication, any non-recurring cash income or gain to the
extent included in the computation of Consolidated Net Income for such period; provided
that for purposes of determining “Consolidated EBITDA” any unrealized non-cash gains (and losses)
arising in connection with any Swap Contracts shall be subtracted (or added) to the extent such
unrealized non-cash gains (or losses) were included in the computation of Consolidated Net Income.

In addition to, and without limitation of, the foregoing, for purposes of this definition,
“Consolidated EBITDA” shall be calculated on each date of determination after giving effect on a
Pro Forma Basis for the period of such calculation to any EBITDA
attributable to any Material Acquisition or Material Disposition during the applicable period, as
if such Material Acquisition or Material Disposition occurred on the first day of the applicable
period. As used in this definition, “Material Acquisition” means any Acquisition that
involves the payment of consideration by the Company and its Subsidiaries in excess of $5,000,000;
and “Material Disposition” means any Disposition of property or series of related
Dispositions of property that yields gross proceeds to the Company and its Subsidiaries in excess
of $5,000,000.

     “Consolidated Funded Indebtedness” means, as of any date of determination, for the
Company and its Subsidiaries on a consolidated basis, but without duplication, the sum of (a) the
outstanding principal amount of all obligations, whether current or long-term, for borrowed money
(including Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan
agreements or other similar instruments, (b) all purchase money Indebtedness, (c) all

-8-

 

direct obligations arising under letters of credit (including standby and commercial),
bankers’ acceptances, bank guaranties, surety bonds and similar instruments, but only to the extent
includable as a liability on the consolidated balance sheet of the Company and its Subsidiaries as
of such date, (d) all obligations in respect of the deferred purchase price of property or services
(other than trade accounts payable in the ordinary course of business), (e) Attributable
Indebtedness in respect of capital leases and Synthetic Lease Obligations and Permitted
Securitization Transactions, (f) all obligations of such Person in respect of Disqualified Stock,
(g) without duplication, all Guarantees with respect to outstanding Indebtedness of the types
specified in clauses (a) through (f) above of Persons other than the Company or any Subsidiary, and
(h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership
or joint venture (other than a joint venture that is itself a corporation or limited liability
company) in which the Company or a Subsidiary is a general partner or joint venturer, unless such
Indebtedness is expressly made non-recourse to the Company or such Subsidiary. For the purposes of
this definition, Consolidated Funded Indebtedness shall not include Operating Indebtedness.

     “Consolidated Interest Charges” means, for any period, the sum, for the Company and
its consolidated Subsidiaries (determined in accordance with GAAP), of all interest in respect of
Consolidated Funded Indebtedness (including, without limitation, the interest component of any
payments in respect of capital lease obligations, but excluding (a) commissions, discounts, yield
and other fees and charges (and any interest expense) incurred in connection with any Permitted
Securitization Transaction and (b) any capitalized financing costs) accrued during such period
(whether or not actually paid during such period).

     “Consolidated Interest Coverage Ratio” means, as of any date of determination, the
ratio of (a) Consolidated EBIT for the period of four prior fiscal quarters ending on such date to
(b) Consolidated Interest Charges for such period; provided that for purposes of this
definition Consolidated Interest Charges shall not include any Operating Interest Expense.

     “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Funded Indebtedness as of such date, less the amount (not to exceed
$350,000,000 in the aggregate) of Consolidated Funded Indebtedness constituting Indebtedness under
Permitted Securitization Transactions to (b) Consolidated EBITDA for the period of the four fiscal
quarters most recently ended.

     “Consolidated Net Income” means, for any period, for the Company and its Subsidiaries
on a consolidated basis, the net income of the Company and its Subsidiaries for that period,
determined on a consolidated basis in accordance with GAAP.

     “Consolidated Net Worth” means, as of any date of determination, all items which in
conformity with GAAP would be included under shareholder’s equity on a consolidated balance sheet
of the Company and its Subsidiaries at such date.

     “Consolidated Total Assets” means, as of any date of determination, the total assets
of the Company and its Subsidiaries determined on a consolidated basis in accordance with GAAP.

-9-

 

     “Contractual Obligation” means, 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.

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

     “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit
Extension.

     “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, dissolution, administration, conservatorship, bankruptcy, assignment for the benefit
of creditors, moratorium, rearrangement, receivership, insolvency, reorganization (by way of
voluntary arrangement, scheme of arrangement or otherwise), or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.

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

     “Default Rate” means (a) when used with respect to Obligations other than Letter of
Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if
any, applicable to Base Rate Loans plus (iii) 2% per annum; provided,
however, that with respect to a Eurocurrency Rate Loan, the Default Rate shall be an
interest rate equal to the interest rate (including any Applicable Rate and any Mandatory Cost)
otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of
Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

     “Defaulting Lender” means, subject to Section 2.15(b), any Lender that, as
determined by the Administrative Agent, (a) has failed to perform any of its funding obligations
hereunder, including in respect of its Loans or participations in respect of Letters of Credit or
Swing Line Loans, within three Business Days of the date required to be funded by it hereunder
(unless such obligation is the subject of a good faith dispute), (b) has notified the Borrower, the
Administrative Agent or any Lender that it does not intend to comply with its funding obligations
or has made a public statement to that effect with respect to its funding obligations hereunder or
under other agreements in which it commits to extend credit, (c) has failed, within three Business
Days after request by the Administrative Agent, to confirm in a manner satisfactory to the
Administrative Agent that it will comply with its funding obligations, or (d) has, or has a direct
or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief
Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of
creditors or similar Person charged with reorganization or liquidation of its business or a
custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent
to, approval of or acquiescence in any such proceeding or appointment; provided that a
Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any

-10-

 

equity interest in that Lender or any direct or indirect parent company thereof by a
Governmental Authority.

     “Designated Borrower” means (i) certain Subsidiaries of the Company becoming party
hereto pursuant to Section 2.14 and, (ii) only upon the satisfaction of the conditions set
forth in Section 4.03, the Specified Designated Borrower.

     “Designated Borrower Sublimit” means an amount equal to the lesser of the Revolving
Credit Facility and $600,000,000. The Designated Borrower Sublimit is part of, and not in addition
to, the Revolving Credit Facility.

     “Designated Borrower Notice” has the meaning specified in Section 2.14.

     “Designated Borrower Request and Assumption Agreement” has the meaning specified in
Section 2.14.

     “Designated Obligations” means all Obligations of any Loan Party in respect of
principal and interest on the Loans, and L/C Obligations.

     “Disqualified Stock” means any Equity Interest which, by its terms (or by the terms of
any security into which it is convertible or for which it is exchangeable), or upon the happening
of any event, (a) matures (excluding any maturity as the result of an optional redemption by the
issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise,
or is redeemable at the option of the holder thereof, in whole or in part, on or prior to the date
that is six months following the latest Maturity Date hereunder, (b) is convertible into or
exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any
Equity Interests referred to in (a) above, in each case at any time on or prior to the date that is
six months following the latest Maturity Date hereunder, or (c) contains any mandatory repurchase
obligation which may come into effect prior to payment in full of all Obligations; provided that
any Equity Interests that would not constitute Disqualified Stock but for provisions thereof giving
holders thereof (or the holders of any security into or for which such Equity Interests is
convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such
Equity Interests upon the occurrence of a change in control or an asset sale occurring prior to the
date that is six months following the latest Maturity Date hereunder shall not constitute
Disqualified Stock if such Equity Interests provide that the issuer thereof will not redeem any
such Equity Interests pursuant to such provisions prior to the repayment in full of the
Obligations.

     “Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any sale and leaseback transaction) of any property by any Person, including
any sale, assignment, transfer or other disposal, with or without recourse, of any notes or
accounts receivable or any rights and claims associated therewith.

     “Documentation Agent” has the meaning specified in the introductory paragraph hereof.

     “Dollar” and “$” mean lawful money of the United States.

-11-

 

     “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency,
the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C
Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of
the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

     “Domestic Loan Party” means the Company and each Domestic Subsidiary that is a Loan
Party.

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
political subdivision of the United States.

     “Domestic Subsidiary Guaranty” means the Domestic Subsidiary Guaranty made by the
Domestic Subsidiary Guarantors in favor of the Administrative Agent and the other parties
benefitting thereunder, substantially in the form of Exhibit G.

     “Domestic Subsidiary Guarantors” means each Person (other than the Company) that is
from time to time a party (but only for so long as they are a party) to the Domestic Subsidiary
Guaranty.

     “Eligible Assignee” means any Person that meets the requirements to be an assignee
under Section 10.06(b)(iii), (v), and (vi) (subject to such consents, if
any, as may be required under Section 10.06(b)(iii)).

     “EMU” means the economic and monetary union in accordance with the Treaty of Rome
1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam
Treaty of 1998.

     “EMU Legislation” means the legislative measures of the European Council for the
introduction of, changeover to or operation of a single or unified European currency.

     “Environmental Laws” means any and all Federal, state, local, and foreign statutes,
laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
franchises, licenses, or governmental restrictions, and all agreements issued, promulgated or
entered into by or with any Governmental Authority, in each case relating to pollution and the
protection of the environment or the release of any materials into the environment, including those
related to hazardous substances or wastes, air emissions and discharges to waste or public systems.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Company, any other Loan Party or any of their respective Subsidiaries 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.

-12-

 

     “Equity Interests” means, with respect to any Person, all of the shares of capital
stock of (or other ownership or profit interests in) such Person, all of the warrants, options or
other rights for the purchase or acquisition from such Person of shares of capital stock of (or
other ownership or profit interests in) such Person, and all of the other ownership or profit
interests in such Person (including partnership, member or trust interests therein), whether voting
or nonvoting.

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

     “ERISA Affiliate” means any trade or business (whether or not incorporated) under
common control with the Company or any Borrower, as applicable, within the meaning of Section
414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions
relating to Section 412 of the Code).

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the
withdrawal of a Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of
ERISA during a plan year in which such entity 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 a Borrower or any ERISA Affiliate from a
Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing
of a notice of intent to terminate, the treatment of a Pension Plan amendment as a termination
under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a
Pension Plan; (f) any 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; (g) the
determination that any Pension Plan is considered an at-risk plan or a plan in endangered or
critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304
and 305 of ERISA; or (h) 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 a Borrower or any ERISA
Affiliate.

     “Euro” and “EUR” mean the lawful currency of the Participating Member States
introduced in accordance with the EMU Legislation.

     “Eurocurrency Rate” means, (a) for any Interest Period with respect to a Eurocurrency
Rate Loan, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA
LIBOR”), as published by Reuters (or other commercially available source providing quotations
of BBA LIBOR as designated by the Administrative Agent from time to time) at approximately 11:00
a.m., London time, two Business Days prior to the commencement of such Interest Period, for
deposits in the relevant currency (for delivery on the first day of such Interest Period) with a
term equivalent to such Interest Period. If such rate is not available at such time for any
reason, then the “Eurocurrency Rate” for such Interest Period shall be the rate per annum
determined by the Administrative Agent to be the rate at which deposits in the relevant currency
for delivery on the first day of such Interest Period in Same Day Funds in the approximate amount
of the Eurocurrency Rate Loan being made, continued or converted by Bank of America and with a term
equivalent to such Interest Period would be offered by Bank of America’s London Branch (or other
Bank of America branch or Affiliate) to major banks in the London or other offshore interbank
market for such currency at their request at approximately 11:00 a.m. (London time) two Business
Days prior to the commencement of such Interest Period.

-13-

 

          (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate
per annum equal to (i) BBA LIBOR, at approximately 11:00 a.m., London time determined two London
Banking Days prior to such date for Dollar deposits being delivered in the London interbank market
for a term of one month commencing that day or (ii) if such published rate is not available at such
time for any reason, the rate per annum determined by the Administrative Agent to be the rate at
which deposits in Dollars for delivery on the date of determination in same day funds in the
approximate amount of the Base Rate Loan being made or maintained and with a term equal to one
month would be offered by Bank of America’s London Branch to major banks in the London interbank
Eurodollar market at their request at the date and time of determination.

     “Eurocurrency Rate Loan” means a Revolving Credit Loan or a Term Loan that bears
interest at a rate based on paragraph (a) of the definition of “Eurocurrency Rate”. Eurocurrency
Rate Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in
an Alternative Currency must be Eurocurrency Rate Loans.

     “Event of Default” has the meaning specified in Section 8.01.

     “Excluded Domestic Guaranty Subsidiary” means (a) WEX Bank, (b) any Immaterial
Subsidiary and (c) each Permitted Securitization Entity.

     “Excluded Foreign Guaranty Subsidiary” means (a) any Immaterial Subsidiary, (b) each
Permitted Securitization Entity, (c) for so long as (and only for so long as) no Foreign Subsidiary
is a Designated Borrower, each Foreign Subsidiary, and (d) from and after the first designation of
a Foreign Subsidiary as a Designated Borrower, any Foreign Subsidiary to the extent, in the case of
this subsection (d) only, that the execution and delivery of the Subsidiary Guaranty (i) would not
be legally permissible, (ii) would result in adverse tax or accounting effects or (iii) would
result in a burden that would, in the reasonable judgment of the Administrative Agent, exceed the
benefit that would be conferred thereby.

     “Excluded Pledge Subsidiary” means each Foreign Subsidiary that (a) is not directly
owned by a Domestic Loan Party, (b) is an Immaterial Subsidiary, (c) is a Permitted Securitization
Entity or (d) is a Person to the extent, in the case of this subsection (d) only, that the pledge
of up to 65% of each class of the Equity Interests of such Person (i) would not be legally
permissible, (ii) would result in adverse tax or accounting effects or (iii) would result in a
burden that would, in the reasonable judgment of the Administrative Agent, exceed the benefit that
would be conferred thereby.

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the L/C
Issuer or any other recipient of any payment to be made by or on account of any obligation of any
Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however
denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction
(or any political subdivision thereof) under the Laws of which such recipient is organized or in
which its principal office is located or, in the case of any Lender, in which its applicable
Lending Office is located, or by any jurisdiction as a result of a present or former connection
between such recipient and the jurisdiction imposing such tax (or any political subdivision
thereof), other than any such connection arising solely from such recipient having executed,
delivered or

-14-

 

performed its obligations or received a payment under, or enforced, this Agreement or any
other Loan Document, (b) any branch profits taxes imposed by the United States or any similar tax
imposed by any other jurisdiction in which such Borrower is located, (c) any backup withholding tax
that is required by the Code to be withheld from amounts payable to a Lender, and (d) in the case
of a Foreign Lender (other than an assignee pursuant to a request by the Company under Section
10.13), any United States withholding tax that (i) is required to be imposed on amounts payable
to such Foreign Lender pursuant to the Laws in force at the time such Foreign Lender becomes a
party hereto (or designates a new Lending Office), (ii) is attributable to such Foreign Lender’s
failure or inability (other than as a result of a Change in Law) to comply with Section
3.01(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled,
at the time of designation of a new Lending Office (or assignment), to receive additional amounts
from such Borrower with respect to such withholding tax pursuant to Section 3.01(a) or
(iii) is imposed with respect to the requirements of FATCA. Notwithstanding anything to
the contrary contained in this definition, “Excluded Taxes” shall not include any withholding tax
imposed at any time on payments made by or on behalf of a Foreign Loan Party to any Lender
hereunder or under any other Loan Document, except for any such taxes imposed as a result of a
Lender’s failure or inability to comply with Section 3.01(e)(i). In such a case, any
portion of withholding tax imposed solely due to a Lender’s failure or inability to comply with
Section 3.01(e)(i) shall be treated as an “Excluded Tax.”

     “Existing Credit Agreements” means (i) that certain Credit Agreement, dated as of May
22, 2007, among the Company, Bank of America, as administrative agent, and a syndicate of lenders
and (ii) that certain Credit Agreement, dated as of August 27, 2010, among the Company, Bank of
America, as administrative agent and a syndicate of lenders.

     “Existing Letters of Credit” means each of the letters of credit listed on
Schedule 1.01(e).

     “Facility” means the Term Facility or the Revolving Credit Facility, as the context
may require.

     “FATCA” means sections 1471 through 1474 of the Code and any regulations (whether
temporary or proposed) that are issued thereunder or official governmental interpretations thereof.

     “FDIC” means the Federal Deposit Insurance Corporation.

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

-15-

 

     “Fee Letters” means the letter agreement, dated April 12, 2011, among the Company,
Bank of America and MLPFS, and the letter agreement, dated May 3, 2011, among the Company and each
Joint Lead Arranger other than MLPFS.

     “Foreign Lender” means, with respect to any Borrower, any Lender that is organized
under the Laws of a jurisdiction other than that in which such Borrower is resident for tax
purposes (including such a Lender when acting in the capacity of the L/C Issuer). For purposes of
this definition, the United States, each State thereof and the District of Columbia shall be deemed
to constitute a single jurisdiction.

     “Foreign Loan Party” means each Foreign Subsidiary that is a Loan Party. As of the
Closing Date, there are no Foreign Loan Parties.

     “Foreign Pension Plan” means a registered pension plan which is subject to applicable
pension legislation other than ERISA or the Code, which the Company or any Subsidiary sponsors or
maintains, or to which it makes or is obligated to make contributions.

     “Foreign Plan” means each Foreign Pension Plan, deferred compensation or other
retirement or suberannauation plan, fund, program, agreement, commitment or arrangement whether
oral or written, funded or unfunded, sponsored, established, maintained or contributed to, or
required to be contributed to, or with respect to which any liability is borne, outside the United
States of America, by the Company or any of its Subsidiaries, other than any such plan, fund,
program, agreement or arrangement sponsored by a Governmental Authority.

     “Foreign Subsidiary” means any Subsidiary that is organized under the laws of a
jurisdiction other than the United States, a State thereof or the District of Columbia.

     “Foreign Subsidiary Guarantors” means each Person that is from time to time a party
(but only for so long as they are a party) to a Foreign Subsidiary Guaranty. For the avoidance of
doubt, Foreign Subsidiary Guarantors shall not guarantee any obligations of the Company or any
Domestic Subsidiary.

     “Foreign Subsidiary Guaranty” means a guarantee made by a Foreign Subsidiary in favor
of the Administrative Agent and the other parties benefitting thereunder, in form and substance
reasonably satisfactory to the Administrative Agent.

     “Foreign Subsidiary Pledge Agreement” means the Pledge Agreement, dated as of the date
hereof, by the Company and the Domestic Subsidiary Guarantors party thereto in favor of the
Administrative Agent, substantially in the form of Exhibit H.

     “Foreign Subsidiary Pledge Documents” means the Foreign Subsidiary Pledge Agreement
and all other documents, instruments and agreements executed by or on behalf of any Loan Party to
effect a pledge of Equity Interests in any Foreign Subsidiary to the Administrative Agent.

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

-16-

 

     “Fronting Exposure” means, at any time there is a Defaulting Lender that is a
Revolving Credit Lender, (a) with respect to the L/C Issuer, such Defaulting Lender’s Applicable
Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such
Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash
Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender,
such Defaulting Lender’s Applicable Percentage of Swing Line Loans other than Swing Line Loans as
to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or
Cash Collateralized in accordance with the terms hereof.

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

     “GAAP” means generally accepted accounting principles in the United States set forth
in the Accounting Standards Codification issued by Financial Accounting Standards Board,
consistently applied and as in effect from time to time.

     “Governmental Authority” means 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 any supra-national bodies such as the European Union or the European Central
Bank).

     “Guarantee” means, as to any Person, any (a) any obligation, contingent or otherwise,
of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
obligation payable or performable by another Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or
other obligation, (ii) to purchase or lease property, securities or services for the purpose of
assuring the obligee in respect of such Indebtedness or other obligation of the payment or
performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of
the primary obligor so as to enable the primary obligor to pay such Indebtedness or other
obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in
respect of such Indebtedness or other obligation of the payment or performance thereof or to
protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any
assets of such Person securing any Indebtedness or other obligation of any other Person, whether or
not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or
otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any
Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related
primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not
stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a
corresponding meaning.

-17-

 

     “Guaranties” means the Company Guaranty, the Domestic Subsidiary Guaranty and each
Foreign Subsidiary Guaranty.

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

     “Hedge Bank” means any Person that, at the time it enters into a Swap Contract
permitted under Article VI or VII, is a Lender or an Affiliate of a Lender, in its
capacity as a party to such Swap Contract.

     “Immaterial Subsidiary” any Subsidiary designated as such by the Company by notice to
the Administrative Agent, provided (i) that all Immaterial Subsidiaries may not, at any
date, together with their respective subsidiaries, account for more than 10% of the Consolidated
Total Assets, 10% of the Consolidated Net Worth or 10% of the consolidated revenues of the Company
for the period of four consecutive fiscal quarters immediately preceding such date and (ii) that
any Subsidiary that, together with its respective Subsidiaries, accounts for more than 5% of the
Consolidated Total Assets, Consolidated Net Worth or consolidated revenues of the Company for such
period shall not be deemed to be an Immaterial Subsidiary for the purposes of Section 8.01.

     “Indebtedness” means, as to any Person at a particular time, without duplication, all
of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

     (a) all obligations of such Person for borrowed money and all obligations of such
Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments;

     (b) all direct or contingent obligations of such Person arising under letters of credit
(including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and
similar instruments;

     (c) net obligations of such Person under any Swap Contract;

     (d) all obligations of such Person to pay the deferred purchase price of property or
services (other than trade accounts payable in the ordinary course of business and, in each
case, maturing within 365 days after the incurrence thereof which are not overdue for a
period of more than 180 days and, if overdue for more than 180 days, as to which a dispute
exists and adequate reserves in accordance with GAAP have been established on the books of
such Person);

     (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property
owned or being purchased by such Person (including indebtedness arising under conditional
sales or other title retention agreements), whether or not such indebtedness shall have been
assumed by such Person or is limited in recourse;

-18-

 

     (f) capital leases, Synthetic Lease Obligations and Securitization Transactions;

     (g) all obligations of such Person in respect of Disqualified Stock; and

     (h) all Guarantees of such Person in respect of any of the foregoing.

     For all purposes hereof, the Indebtedness of any Person shall 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, unless such
Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under
any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such
date. The amount of any capital lease, Synthetic Lease Obligation or Securitization Transaction as
of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of
such date.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Indemnitees” has the meaning specified in Section 10.04(b).

     “Information” has the meaning specified in Section 10.07.

     “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the
last day of each Interest Period applicable to such Loan and the Maturity Date; provided,
however, that if any Interest Period for a Eurocurrency Rate 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; and (b) as to any Base Rate Loan (including a Swing Line Loan), the
last Business Day of each March, June, September and December and the Maturity Date of the Facility
under which such Loan was made (with Swing Line Loans being deemed made under the Revolving Credit
Facility for purposes of this definition).

     “Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on
the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency
Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the
Company in its Loan Notice or such other period that is twelve months or less requested by a
Borrower and consented to by all the Lenders under the applicable Facility, subject to
availability; provided that:

     (i) 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;

     (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) shall end on the last Business Day of the calendar month at the
end of such Interest Period; and

-19-

 

     (iii) no Interest Period shall extend beyond the Maturity Date.

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other
securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of debt of, or purchase or other acquisition of any other debt or equity participation
or interest in, another Person, including any partnership or joint venture interest in such other
Person and any arrangement pursuant to which the investor Guarantees Indebtedness of such other
Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions)
of assets of another Person that constitute a business unit. For purposes of covenant compliance,
the amount of any Investment shall be the amount actually invested, without adjustment for
subsequent increases or decreases in the value of such Investment.

     “IP Rights” has the meaning specified in Section 5.18.

     “IRS” means the United States Internal Revenue Service.

     “ISP” means, with respect to any Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such
later version thereof as may be in effect at the time of issuance).

     “Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit
Application, and any other document, agreement and instrument entered into by the L/C Issuer and
the Company (or any Subsidiary) or in favor of the L/C Issuer and relating to such Letter of
Credit.

     “Joint Lead Arrangers” has the meaning specified in the introductory paragraph hereof.

     “Laws” means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or
judicial precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case whether or not having the
force of law.

     “L/C Advance” means, with respect to each Revolving Credit Lender, such Lender’s
funding of its participation in any L/C Borrowing in accordance with its Applicable Revolving
Credit Percentage. All L/C Advances shall be denominated in Dollars.

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit
Borrowing. All L/C Borrowings shall be denominated in Dollars.

     “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the increase of the amount thereof.

-20-

 

     “L/C Issuer” means Bank of America in its capacity as issuer of Letters of Credit
hereunder, or any successor issuer of Letters of Credit hereunder.

     “L/C Obligations” means, as at any date of determination, the aggregate amount
available to be drawn under all outstanding Letters of Credit plus the aggregate of all
Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available
to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.09. For all purposes of this Agreement, if on any date of
determination a Letter of Credit has expired by its terms but any amount may still be drawn
thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be
deemed to be “outstanding” in the amount so remaining available to be drawn.

     “Lender” has the meaning specified in the introductory paragraph hereto and, as the
context requires, includes the Swing Line Lender.

     “Lending Office” means, as to any Lender, the office or offices of such Lender
described as such in such Lender’s Administrative Questionnaire, or such other office or offices as
a Lender may from time to time notify the Company and the Administrative Agent.

     “Letter of Credit” means any standby letter of credit issued hereunder and shall
include the Existing Letters of Credit. Letters of Credit may be issued in Dollars or in an
Alternative Currency.

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

     “Letter of Credit Expiration Date” means the day that is seven days prior to the
Maturity Date in respect of the Revolving Credit Facility then in effect (or, if such day is not a
Business Day, the next preceding Business Day).

     “Letter of Credit Fee” has the meaning specified in Section 2.03(i).

     “Letter of Credit Sublimit” means an amount equal to $100,000,000. The Letter of
Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility.

     “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or other security interest or preferential
arrangement in the nature of a security interest of any kind or nature whatsoever (including any
conditional sale or other title retention agreement, any easement, right of way or other
encumbrance on title to real property, and any financing lease having substantially the same
economic effect as any of the foregoing).

     “Loan” means an extension of credit by a Lender to a Borrower under Article II
in the form of a Term Loan, a Revolving Credit Loan or a Swing Line Loan.

     “Loan Documents” means this Agreement, each Designated Borrower Request and Assumption
Agreement, each Note, each Issuer Document, the Fee Letters, the Guaranties and the Collateral
Documents.

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     “Loan Notice” means a notice of (a) a Term Borrowing, (b) a Revolving Credit
Borrowing, (c) a conversion of Loans from one Type to the other, or (d) a continuation of
Eurocurrency Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be
substantially in the form of Exhibit A.

     “Loan Parties” means, collectively, the Company, each Subsidiary Guarantor, and each
Designated Borrower.

     “Mandatory Cost” means, with respect to any period, the percentage rate per annum
determined in accordance with Schedule 1.01. 

     “Material Acquisition” has the meaning specified in the definition of “Consolidated
EBITDA.”

     “Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, or financial condition of the Company or
the Company and its Subsidiaries taken as a whole; (b) a material impairment of the rights and
remedies of the Administrative Agent or any Lender under any Loan Document or the ability of the
Loan Parties, taken as whole, to perform their respective obligations under the Loan Documents; or
(c) a material adverse effect upon the legality, validity, binding effect or enforceability against
any Loan Party or the Specified Designated Borrower of any Loan Document to which it is a party.

     “Material Disposition” has the meaning specified in the definition of “Consolidated
EBITDA.”

     “Material Subsidiary” means any Subsidiary of the Company other than an Immaterial
Subsidiary and, for the purposes of Sections 7.01, 7.02 and 7.03, other
than WEX Bank.

     “Maturity Date” means (a) with respect to the Revolving Credit Facility, May 23, 2016,
and (b) with respect to the Term Facility, May 23, 2016; provided, however, that, in each
case, if such date is not a Business Day, the Maturity Date shall be the next preceding Business
Day.

     “MLPFS” has the meaning specified in the introductory paragraph hereto.

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

     “Multiemployer Plan” means any employee benefit plan described in Section 4001(a)(3)
of ERISA, to which a Borrower or any ERISA Affiliate makes or is obligated to make contributions,
or during the preceding five plan years, has made or been obligated to make contributions.

     “Multiple Employer Plan” means a Plan which has two or more contributing sponsors
(including a Borrower or any ERISA Affiliate) at least two of whom are not under common control, as
such a plan is described in Section 4064 of ERISA.

     “Non-Consenting Lender” has the meaning specified in Section 10.13.

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     “Note” means a Term Note or a Revolving Credit Note, as the context may require.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Loan Party or the Specified Designated Borrower arising under any Loan Document
or otherwise with respect to any Loan, Letter of Credit, Specified Cash Management Agreement or
Specified Hedge Agreement, whether direct or indirect (including those acquired by assumption),
absolute or contingent, due or to become due, now existing or hereafter arising and including
interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate
of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest and fees are allowed claims in such proceeding.

     “Operating Indebtedness” means, as of any date of determination, all Indebtedness
incurred in the ordinary course of the banking operations of WEX Bank which is includable as a
liability on the consolidated balance sheet of WEX Bank and its consolidated subsidiaries at such
date, determined on a consolidated basis in accordance with GAAP.

     “Operating Interest Expense” means, for any period, the sum for WEX Bank and its
consolidated subsidiaries (determined in accordance with GAAP), of all interest in respect of
Operating Indebtedness (including, without limitation, the interest component of any payments in
respect of capital lease obligations but excluding any capitalized financing costs) accrued during
such period (whether or not actually paid during such period).

     “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-U.S. jurisdictions); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement (or equivalent or
comparable constitutive documents with respect to any non-U.S. jurisdictions); and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint
venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with
the applicable Governmental Authority in the jurisdiction of its formation or organization and, if
applicable, any certificate or articles of formation or organization of such entity.

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

     “Outstanding Amount” means (a) with respect to Term Loans, Revolving Credit Loans and
Swing Line Loans on any date, the Dollar Equivalent amount of aggregate outstanding principal
amount thereof after giving effect to any borrowings and prepayments or repayments of Term Loans,
Revolving Credit Loans and Swing Line Loans, as the case may be, occurring on such date; and (b)
with respect to any L/C Obligations on any date, the Dollar Equivalent amount of the aggregate
outstanding amount of such L/C Obligations on such date after giving effect to

-23-

 

any L/C Credit Extension occurring on such date and any other changes in the aggregate amount
of the L/C Obligations as of such date, including as a result of any reimbursements by the Company
of Unreimbursed Amounts.

     “Overnight Rate” means, for any day, (a) with respect to any amount denominated in
Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the
Administrative Agent, the L/C Issuer, or the Swing Line Lender, as the case may be, in accordance
with banking industry rules on interbank compensation, and (b) with respect to any amount
denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits
in the applicable Alternative Currency, in an amount approximately equal to the amount with respect
to which such rate is being determined, would be offered for such day by a branch or Affiliate of
Bank of America in the applicable offshore interbank market for such currency to major banks in
such interbank market.

     “Participant” has the meaning specified in Section 10.06(d).

     “Participating Member State” means each state so described in any EMU Legislation.

     “PBGC” means the Pension Benefit Guaranty Corporation.

     “Pension Act” means the Pension Protection Act of 2006.

     “Pension Funding Rules” means the rules of the 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 of the Pension Act, Section 412
of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and, thereafter,
Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

     “Pension Plan” means any employee pension benefit plan (including a Multiple Employer
Plan or a Multiemployer Plan) that is maintained or is contributed to by any Borrower or any ERISA
Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards
under Section 412 of the Code.

     “Permitted Acquisition” means any Acquisition by the Company or any Subsidiary;
provided, that (a) immediately after giving effect to such Acquisition, the Consolidated
Interest Coverage Ratio and Consolidated Leverage Ratio for the most recent period of four
consecutive fiscal quarters for which financial statements have been delivered pursuant to
Section 6.01(a) or (b) (determined on a Pro Forma Basis as if such
Acquisition had occurred on the first day of such period) shall be not greater than, or lesser
than, the ratios required by Section 7.11(a) and (b), respectively, and the Company
shall be in compliance with Section 7.07, (b) promptly upon giving effect to such
Acquisition, the Company complies with Section 6.13 and (c) either (i) if such Acquisition
is pursuant to clause (a) of the definition of “Acquisition,” then, immediately following such
Acquisition, the Person acquired in such Acquisition is a consolidated Subsidiary or (ii) if such
acquisition is pursuant to clause (b) of the definition of “Acquisition,” then, immediately
following such Acquisition, the assets, division or line of business acquired in such Acquisition
are owned by the Company or a consolidated Subsidiary.

-24-

 

     “Permitted Securitization Entity” means any entity that, (i) except to the extent that
Securitization Transactions in the relevant jurisdiction may be effected by a sale or transfer of
the applicable Securitization Assets to a Person other than a wholly-owned Subsidiary of the
Company, is directly or indirectly wholly-owned by the Company, (ii) is formed and operated solely
for purposes of a Permitted Securitization Transaction, (iii) is “bankruptcy remote” (or, if
applicable, “insolvency remote”), (iv) has organizational documents which limit the permitted
activities of such Permitted Securitization Entity to the acquisition of Securitization Assets from
the Company or one or more of its Subsidiaries, the securitization of such Securitization Assets
and activities necessary or incidental to the foregoing, (v) meets the customary requirements for
special purpose entities engaged in the securitization of assets operating in the applicable
jurisdiction; provided that if no requirements for special purpose entities exist in such
jurisdiction, the Company shall so certify to the Administration Agent.

     “Permitted Securitization Transaction” means the sale, contribution or other transfer
by the Company or one or more of its Subsidiaries of Securitization Assets to one or more Permitted
Securitization Entities and the related further transfer or financing of such Securitization Assets
(and all of the activities and transactions customarily effected in connection with the foregoing);
provided that, in each case, (i) such transaction results in a legal “true sale” of
receivable under the laws of the applicable jurisdiction and (ii) such transaction is non-recourse
to the Company and its Subsidiaries (other than the applicable Permitted Securitization Entity)
under the laws of the applicable jurisdiction, except for Standard Securitization Undertakings.

     “Permitted Tax Receivable Agreement Prepayment” means any prepayment made under the
Tax Receivable Agreement; provided that before and after giving effect to such prepayment,
no Event of Default shall have occurred and be continuing, including, on a Pro
Forma Basis, under Section 7.11.

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

     “Plan” means any employee benefit plan within the meaning of Section 3(3) of ERISA
(including a Pension Plan), maintained for employees of any Borrower or any ERISA Affiliate or any
such Plan to which any Borrower or any ERISA Affiliate is required to contribute on behalf of any
of its employees and not excluded under Section 4 of ERISA.

     “Platform” has the meaning specified in Section 6.02.

     “Pro
Forma Basis” means, for purposes of calculating compliance with any test
or financial covenant under this Agreement for any period, a basis assuming that any Material
Acquisition or Material Disposition that has been consummated during the applicable period and the
following transactions in connection therewith have occurred as of the first day of the applicable
period of measurement in such test or covenant: (a) income statement items (whether positive or
negative) attributable to the property or Person subject to such Permitted Acquisition shall be
included (in the case of any Material Acquisition) or excluded (in the case of any Material
Disposition), (b) any retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by
the Company or any of its Subsidiaries in connection therewith and if such Indebtedness has a
floating or formula rate, shall have an implied rate of interest for the

-25-

 

applicable period for purposes of this definition determined by utilizing the rate which is or
would be in effect with respect to such Indebtedness as at the relevant date of determination;
provided that the foregoing pro forma adjustments may be applied to any such test or
financial covenant solely to the extent that such adjustments are consistent with the definition of
Consolidated EBITDA or Consolidated EBIT and give effect to events (including operating expense
reductions) that are (x) attributable to such transaction, (y) expected to have a continuing impact
on the Company and its Subsidiaries and (z) factually supportable (provided that pro forma
effect shall only be given to operating expense reductions or similar anticipated benefits from any
Material Acquisition or Material Disposition to the extent that such adjustments and the bases
therefore are set forth in reasonable detail in a certificate of the chief financial officer of the
Company delivered to the Administrative Agent and dated the relevant date of determination and
which certifies that all necessary steps for the realization thereof have been taken or the Company
reasonably anticipates that all necessary steps for the realization thereof will be taken within
twelve months following such date of determination).

     “Public Lender” has the meaning specified in Section 6.02.

     “Qualified Stock” means any Equity Interest not constituting Disqualified Stock.

     “RD” means Wright Express Card Holdings Australia Pty Ltd., an Australian proprietary
company.

     “RD Acquisition Sub 1” means Wright Express Australia Holdings Pty Ltd, an Australian
proprietary company.

     “RD Entities” means RD Acquisition Sub 1 and its Subsidiaries, collectively.

     “Register” has the meaning specified in Section 10.06(c).

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

     “Relevant Jurisdiction” means, in relation to a Foreign Loan Party or the Specified
Designated Borrower, (a) its jurisdiction of incorporation or formation; (b) any jurisdiction where
any asset subject to or intended to be subject to the Liens to be created by it pursuant to the
Collateral Documents is situated; (c) any jurisdiction where it conducts its business; and (d) the
jurisdiction whose laws govern the perfection of any of the Collateral Documents entered into by
it.

     “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 on the Closing Date.

     “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or
continuation of Term Loans or Revolving Credit Loans, a Loan Notice, (b) with respect to an L/C
Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a
Swing Line Loan Notice.

-26-

 

     “Required Lenders” means, as of any date of determination, Lenders holding more than
50% of the sum of the (a) Total Outstandings (with the aggregate amount of each Revolving Credit
Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being
deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate
unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment
of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall
be excluded for purposes of making a determination of Required Lenders.

     “Required Revolving Credit Lenders” means, as of any date of determination, Lenders
holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate
amount of each Revolving Credit Lender’s risk participation and funded participation in L/C
Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes
of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that
the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit
Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making
a determination of Required Revolving Credit Lenders.

     “Required Term Lenders” means, as of any date of determination, Lenders holding more
than 50% of the sum of the (a) aggregate outstanding amount of the Term Loans and (b) aggregate
unused Term Commitments; provided that the unused Term Commitment of, and the portion of
the aggregate outstanding amount of the Term Loans held or deemed held by, any Defaulting Lender
shall be excluded for purposes of making a determination of Required Term Lenders.

     “Responsible Officer” means the chief executive officer, president, chief financial
officer, treasurer, assistant treasurer or controller of a Loan Party (or the equivalent or
comparable authorized signatories for any Foreign Loan Party or the Specified Designated Borrower)
and, solely for purposes of notices given pursuant to Article II, any other officer of the
applicable Loan Party or the Specified Designated Borrower so designated by any of the foregoing
officers in a notice to the Administrative Agent. Any document delivered hereunder that is signed
by a Responsible Officer of a Loan Party or the Specified Designated Borrower shall be conclusively
presumed to have been authorized by all necessary corporate, partnership and/or other action on the
part of such Loan Party or the Specified Designated Borrower, as the case may be, and such
Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party or
the Specified Designated Borrower, as applicable.

     “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any capital stock or other Equity Interest of the
Company or any Subsidiary, or any payment (whether in cash, securities or other property),
including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on
account of any return of capital to the Company’s stockholders, partners or members (or the
equivalent Person thereof).

     “Revaluation Date” means (a) with respect to any Loan, each of the following: (i)
each date of a Borrowing of a Eurocurrency Rate Loan denominated in an Alternative Currency, (ii)

-27-

 

each date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency
pursuant to Section 2.02, and (iii) such additional dates as the Administrative Agent shall
determine or the Required Revolving 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 (solely with respect to the increased amount), (iii) each date of
any payment by the L/C Issuer under any Letter of Credit denominated in an Alternative Currency,
and (iv) such additional dates as the Administrative Agent or the L/C Issuer shall determine or the
Required Revolving Lenders shall require.

     “Revolving Credit Borrowing” means a borrowing consisting of simultaneous Revolving
Credit Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest
Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

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

     “Revolving Credit Facility” means, at any time, the aggregate amount of the Revolving
Credit Lenders’ Revolving Credit Commitments at such time.

     “Revolving Credit Lender” means, at any time, any Lender that has a Revolving Credit
Commitment at such time.

     “Revolving Credit Loan” has the meaning specified in Section 2.01(b).

     “Revolving Credit Note” has the meaning specified in Section 2.01(b).

     “S&P” means Standard & Poor’s Financial Services, LLC, a subsidiary of The McGraw-Hill
Companies, Inc., and any successor thereto.

     “Same Day Funds” means (a) with respect to disbursements and payments in Dollars,
immediately available funds, and (b) with respect to disbursements and payments in an Alternative
Currency, same day or other funds as may be determined by the Administrative Agent or the L/C
Issuer, as the case may be, to be customary in the place of disbursement or payment for the
settlement of international banking transactions in the relevant Alternative Currency.

     “SEC” means the Securities and Exchange Commission, or any Governmental Authority
succeeding to any of its principal functions.

     “Secured Parties” means has the meaning specified in the Foreign Subsidiary Pledge
Agreement.

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     “Securitization Assets” means any accounts receivable or lease receivables, whether
constituting accounts, general intangibles, chattel paper, instruments or otherwise (the
“Receivables”) owned by the Company or any Subsidiary (whether now existing or arising or
acquired in the future), all collateral securing such Receivables, all contracts and contract
rights, purchase orders, records, security interests, financing statements or other documentation
in respect of such Receivables and all guarantees, letters of credit, insurance or other agreements
or arrangements supporting or securing payment in respect of such Receivables or any of the
foregoing, all lockboxes and collection accounts in respect of such Receivables, all collections
and proceeds of such Receivables, any warranty, indemnity, dilution or other claim arising out of
the foregoing, and other assets which are of the type customarily granted or transferred in
connection with securitization transactions involving receivables similar to such Receivables.

     “Securitization Transaction” means, with respect to any Person, any financing
transaction or series of financing transactions (including factoring arrangements) pursuant to
which such Person or any Subsidiary of such Person may sell, convey or otherwise transfer, or grant
a security interest in, accounts, general intangibles, chattel paper, instruments, payments,
receivables, rights to future lease payments or residuals or similar rights to payment to a special
purpose subsidiary or affiliate of such Person.

     “Solvency Certificate” means a certificate signed by the chief financial officer of
the Company, substantially in the form of Exhibit L.

     “Solvent” means, as to any Person, such Person (a) owns property whose fair salable
value is greater than the amount required to pay all of its debts (including contingent
liabilities) as they mature; (b) has capital that is not unreasonably small for its business and is
sufficient to carry on its business and transactions and all business and transactions in which it
is about to engage and (c) is not “insolvent” within the meaning of Section 101(32) of the
Bankruptcy Code of the United States. “Fair salable value” means the amount that could be
obtained for assets within a reasonable time, either through collection or through sale under
ordinary selling conditions by a capable and diligent seller to an interested buyer who is willing
(but under no compulsion) to purchase.

     “Special Notice Currency” means at any time an Alternative Currency, other than the
currency of a country that is a member of the Organization for Economic Cooperation and Development
at such time located in North America or Europe.

     “Specified Acquisition” means any Acquisition that (a) involves the Acquisition of a
Person, or of assets (i) that would constitute 10% or more of the Consolidated Total Assets after
giving pro forma effect thereto, or (ii) to which 10% or more of the consolidated
revenues of the Company and its Subsidiaries would be attributable after giving pro
forma effect thereto and (b) is designated as such in a Specified Acquisition Certificate.

     “Specified Acquisition Certificate” means a certificate, signed by a Responsible
Officer of the Company, designating an Acquisition as a Specified Acquisition so long as such
certificate (a) is delivered not less than ten Business Days prior to the closing date of such
Acquisition, (b) sets forth a calculation in reasonable detail of the Acquisition Consideration for
the subject Acquisition, (c) sets forth calculations in reasonable detail showing compliance with
Section

-29-

 

7.11 on a Pro Forma Basis, giving effect to any Step-up Period
elected by the Company that would result from such Acquisition, (d) certifies that such Acquisition
meets the criteria for a Specified Acquisition and (e) is otherwise reasonably satisfactory to the
Administrative Agent.

     “Specified Cash Management Agreement” means any Cash Management Agreement that is
entered into by and between any Loan Party and any Cash Management Bank.

     “Specified Designated Borrower” means Wright Express Card Holdings Australia Pty Ltd,
a proprietary limited company formed under the laws of Australia. The Specified Designated
Borrower shall have no right to request or receive Credit Extensions until the conditions precedent
set forth in Section 4.03 have been satisfied.

     “Specified Hedge Agreement” means any Swap Contract permitted under Article VI
and VII that is entered into by and between any Loan Party and any Hedge Bank.

     “Spot Rate” for a currency means the rate determined by the Administrative Agent or
the L/C Issuer, as applicable, 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. local time on the date two
Business Days prior to the date as of which the foreign exchange computation is made;
provided that the Administrative Agent or the L/C Issuer may obtain such spot rate from
another financial institution designated by the Administrative Agent or the L/C Issuer if the
Person acting in such capacity does not have as of the date of determination a spot buying rate for
any such currency; and provided further that the L/C Issuer may use such spot rate
quoted on the date as of which the foreign exchange computation is made in the case of any Letter
of Credit denominated in an Alternative Currency.

     “Standard Securitization Undertakings” means those obligations and undertakings
entered into by the Company, a Subsidiary of the Company or any Permitted Securitization Entity
which are determined in good faith by the Company to be customary in securitization transactions
involving accounts receivable and other assets of the type described in the definition of
“Securitization Assets”, so long as such obligations and undertakings are (i) on terms and
conditions consistent with the sale treatment of Securitization Assets in a transaction that
results in a legal “true sale” of Securitization Assets in accordance with the laws of the
applicable jurisdiction and (ii) not inconsistent with the treatment of the transfer of
Securitization Assets in a transaction as a legal “true sale” and otherwise consistent with
customary securitization undertakings in accordance with the laws of the applicable jurisdiction;
provided that Standard Securitization Undertakings shall not include any guaranty or other
obligation of the Company or any of its Subsidiaries (other than a Permitted Securitization Entity)
with respect to any Securitization Asset that is not collected, not paid or otherwise uncollectible
on account of the insolvency, bankruptcy, creditworthiness or financial inability to pay of the
applicable obligor with respect to such Securitization Asset.

     “Step-Up Period” means the period, if elected by the Company, starting on the date of
consummation of any Specified Acquisition and ending (a) after the end of the third fiscal quarter
(excluding the fiscal quarter during which such Specified Acquisition was consummated) thereafter
or, (b) if earlier, two Business Days after the date on which a Responsible Officer of

-30-

 

the Company delivers to the Administrative Agent (i) a Compliance Certificate showing that the
Consolidated Leverage Ratio as at the last day of a fiscal quarter of the Company ending after the
date of such Specified Acquisition is below 3.25 to 1.00 and (ii) notice that the Company is
electing to terminate such Step-Up Period.

     “Sterling” and “£” mean the lawful currency of the United Kingdom.

     “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the shares of securities or other
interests having ordinary voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the happening of a contingency)
are at the time beneficially owned, or the management of which is otherwise controlled, directly,
or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary
or Subsidiaries of the Company.

     “Subsidiary Guaranties” means the Domestic Subsidiary Guaranty and each Foreign
Subsidiary Guaranty.

     “Subsidiary Guarantors” means, collectively, the Domestic Subsidiary Guarantors and
the Foreign Subsidiary Guarantors.

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

     “Swap Termination Value” means, in respect of any one or more Swap Contracts, after
taking into account the effect of any legally enforceable netting agreement relating to such Swap
Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and
termination value(s) determined in accordance therewith, such termination value(s), and (b) for any
date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market
value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily
available quotations provided by any recognized dealer in such Swap Contracts (which may include a
Lender or any Affiliate of a Lender).

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     “Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section
2.04.

     “Swing Line Lender” means Bank of America in its capacity as provider of Swing Line
Loans, or any successor swing line lender hereunder.

     “Swing Line Loan” has the meaning specified in Section 2.04(a).

     “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit
B.

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $20,000,000 and (b)
the Revolving Credit Facility. The Swing Line Sublimit is part of, and not in addition to, the
Revolving Credit Facility.

     “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or
possession of property creating obligations that do not appear on the balance sheet of such Person
but which, upon the insolvency or bankruptcy of such Person, would be characterized as the
indebtedness of such Person (without regard to accounting treatment).

     “TARGET Day” means 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.

     “Tax Receivable Agreement” means that certain Tax Receivable Agreement dated February
22, 2005, between the Company, Cendant Corporation and Cendant Mobility Services Corporation.

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

     “Term Borrowing” means a borrowing consisting of simultaneous Term Loans of the same
Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period, made by each of
the Term Lenders pursuant to Section 2.01(a).

     “Term Commitment” means, as to each Term Lender, its obligation to make Term Loans to
the Company pursuant to Section 2.01(a) in an aggregate principal amount at any one time
outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule
2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and
Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount
may be adjusted from time to time in accordance with this Agreement.

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     “Term Facility” means, at any time, (a) on or prior to the Closing Date, the aggregate
amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of
the Term Loans of all Term Lenders outstanding at such time.

     “Term Lender” means (a) at any time on or prior to the Closing Date, any Lender that
has a Term Commitment at such time and (b) at any time after the Closing Date, any Lender that
holds Term Loans at such time.

     “Term Loan” means an advance made by any Term Lender under the Term Facility.

     “Term Note” means a promissory note made by the Company in favor of a Term Lender
evidencing Term Loans made by such Term Lender, substantially in the form of Exhibit C-1.

     “Threshold Amount” means $25,000,000.

     “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C
Obligations.

     “Total Revolving Credit Outstandings” means the aggregate Outstanding Amount of all
Revolving Credit Loans, Swing Line Loans and L/C Obligations.

     “Type” means, with respect to a Loan, its character as a Base Rate Loan or a
Eurocurrency Rate Loan.

     “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 Section
412 of the Code for the applicable plan year.

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

     “Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i).

     “WEX Bank” means Wright Express Financial Services Corporation, a Utah industrial
bank.

     “WEX Bank Event” means (A) any regulatory or enforcement action, agreement, commitment
or order, whether formal, informal or otherwise taken by the (i) FDIC or other applicable Federal
regulatory authority whether under Sections 8(a), (b), (c), (d) or (w), or Sections 38, 38A or 39
of the Federal Deposit Insurance Act (the “FDI Act”) or the FDIC’s regulations, including
Parts 325 or 364, or otherwise, (ii) the Bureau of Consumer Financial Protection, or (iii) by the
Utah Commissioner of Financial Institutions (the “Utah Commissioner”) under Sections
7-1-307, 7-1-313, 7-1-320, 7-1-322 or 7-2-1 et seq. of the Utah Code, or otherwise, if any such
action will or is reasonably likely to (a) limit or restrict the offering, renewal, use or sources
of brokered, internet or bulletin board deposits, or any nondeposit funding of WEX Bank, (b) limit
or restrict the offering or issuance of credit cards or the extension of credit or other
transactions thereunder, (c) require higher minimum capital ratios for WEX Bank above those
required for banks and industrial loan companies generally to remain

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well capitalized for all regulatory purposes or (d) materially affect WEX Bank’s conduct of
its business or (B) any breach or violation of any of any law, rule, order, agreement or commitment
to the FDIC, the Utah Commissioner or other applicable regulatory authority, including any breach
or violation of any of the items described in clause A of this paragraph, which has or is
reasonably likely to have any of the effects listed in clauses (a) through (d) above; and (C) any
such event is continuing for three (3) Business Days.

     “Yen” means lawful money of Japan.

     1.02 Other Interpretive Provisions. With reference to this Agreement and each other Loan
Document, unless otherwise specified herein or in such other Loan Document:

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

     (b) In the computation of periods of time from a specified date to a later specified date, the
word “from” means “from and including;” the words “to” and “until”
each mean “to but excluding;” and the word “through” means “to and
including.”

     (c) Section headings herein and in the other Loan Documents are included for convenience of
reference only and shall not affect the interpretation of this Agreement or any other Loan
Document.

     1.03 Accounting Terms. (a) Generally. All accounting terms not specifically or
completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this
Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in

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effect from time to time, applied in a manner consistent with that used in preparing the
Audited Financial Statements, except as otherwise specifically prescribed herein.

     (b) Changes in GAAP. If at any time any change in GAAP would affect the computation
of any financial ratio or requirement set forth in any Loan Document, and either the Company or the
Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall
negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof
in light of such change in GAAP (subject to the approval of the Required Lenders); provided
that, until so amended, (i) such ratio or requirement shall continue to be computed in
accordance with GAAP prior to such change therein and (ii) the Company shall provide to the
Administrative Agent and the Lenders financial statements and other documents required under this
Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations
of such ratio or requirement made before and after giving effect to such change in GAAP.

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

     1.05 Exchange Rates; Currency Equivalents. (a) The Administrative Agent or the L/C Issuer,
as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for
calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in
Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and
shall be the Spot Rates employed in converting any amounts between the applicable currencies until
the next Revaluation 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 Dollars) for purposes of the Loan
Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or
the L/C Issuer, as applicable.

     (b) Wherever in this Agreement in connection with a Revolving Credit Borrowing, conversion,
continuation or prepayment of a Eurocurrency Rate 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 Revolving Credit Borrowing, Eurocurrency Rate 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 L/C Issuer,
as the case may be.

     1.06 Additional Alternative Currencies.

     (a) The Company may from time to time request that Eurocurrency Rate Loans under the Revolving
Credit Facility be made and/or Letters of Credit be issued in a currency other than those
specifically listed in the definition of “Alternative Currency;” provided that such
requested currency is a lawful currency (other than Dollars) that is readily available and freely
transferable

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and convertible into Dollars. In the case of any such request with respect to the making of
Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent
and the Lenders in their sole discretion; and in the case of any such request with respect to the
issuance of Letters of Credit, such request shall be subject to the approval of the Administrative
Agent and the L/C Issuer in their sole discretion.

     (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., New
York time, 20 Business Days prior to the date of the desired Credit Extension (or such other time
or date as may be agreed by the Administrative Agent and, in the case of any such request
pertaining to Letters of Credit, the L/C Issuer, in its or their sole discretion). In the case of
any such request pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly
notify each Lender thereof; and in the case of any such request pertaining to Letters of Credit,
the Administrative Agent shall promptly notify the L/C Issuer thereof. Each Lender (in the case of
any such request pertaining to Eurocurrency Rate Loans) or the L/C Issuer (in the case of a request
pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m.,
New York time, ten Business Days after receipt of such request whether it consents, in its sole
discretion, to the making of Eurocurrency Rate Loans or the issuance of Letters of Credit, as the
case may be, in such requested currency.

     (c) Any failure by a Lender or the L/C Issuer, as the case may be, to respond to such request
within the time period specified in the preceding sentence shall be deemed to be a refusal by such
Lender or the L/C Issuer, as the case may be, to permit Eurocurrency Rate Loans to be made or
Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the
Lenders consent to making Eurocurrency Rate Loans in such requested currency, the Administrative
Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to
be an Alternative Currency hereunder for purposes of any Revolving Credit Borrowings of
Eurocurrency Rate Loans; and if the Administrative Agent and the L/C Issuer consent to the issuance
of Letters of Credit in such requested currency, the Administrative Agent shall so notify the
Company and such currency shall thereupon be deemed for all purposes to be an Alternative Currency
hereunder for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to
obtain consent to any request for an additional currency under this Section 1.06, the
Administrative Agent shall promptly so notify the Company.

     1.07 Change of Currency.

     (a) Each obligation of the Borrowers to make a payment denominated in the national currency
unit of any member state of the European Union that adopts the Euro as its lawful currency after
the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with
the EMU Legislation). If, in relation to the currency of any such member state, the basis of
accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent
with any convention or practice in the London interbank market for the basis of accrual of interest
in respect of the Euro, such expressed basis shall be replaced by such convention or practice with
effect from the date on which such member state adopts the Euro as its lawful currency;
provided that if any Revolving Credit Borrowing in the currency of such member state is
outstanding immediately prior to such date, such replacement shall take effect, with respect to
such Revolving Credit Borrowing, at the end of the then current Interest Period.

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     (b) Each provision of this Agreement shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect
the adoption of the Euro by any member state of the European Union and any relevant market
conventions or practices relating to the Euro.

     (c) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect
a change in currency of any other country and any relevant market conventions or practices relating
to the change in currency.

     1.08 Times of Day. Unless otherwise specified, all references herein to times of day shall be
references to Eastern time (daylight or standard, as applicable).

     1.09 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of
Credit at any time shall be deemed to be the Dollar Equivalent of the stated amount of such Letter
of Credit in effect at such time; provided, however, that with respect to any
Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides
for one or more automatic increases in the stated amount thereof, the amount of such Letter of
Credit shall be deemed to be the Dollar Equivalent of the maximum stated amount of such Letter of
Credit after giving effect to all such increases, whether or not such maximum stated amount is in
effect at such time.

ARTICLE II.

THE COMMITMENTS AND CREDIT EXTENSIONS

     2.01 The Loans. (a) The Term Borrowing. Subject to the terms and conditions set
forth herein, each Term Lender severally agrees to make a single loan to the Company on the Closing
Date in an amount in Dollars not to exceed such Term Lender’s Applicable Percentage of the Term
Facility. The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders
in accordance with their respective Applicable Percentage of the Term Facility. Amounts borrowed
under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be
Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

     (b) The Revolving Credit Borrowings. Subject to the terms and conditions set forth
herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a
“Revolving Credit Loan”) to the Borrowers in Dollars or in one or more Alternative
Currencies from time to time, on any Business Day during the Availability Period, in an aggregate
amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit
Commitment; provided, however, that after giving effect to any Revolving Credit
Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit
Facility, (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving
Credit Lender, plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage
of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Lender’s
Applicable Revolving Credit Percentage of the Outstanding Amount of all Swing Line Loans shall not
exceed such Revolving Credit Lender’s Revolving Credit Commitment, (iii) the aggregate Outstanding
Amount of all Revolving Credit Loans made to the Designated Borrowers shall not

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exceed the Designated Borrower Sublimit and (iv) the aggregate Outstanding Amount of all
Revolving Credit Loans denominated in Alternative Currencies shall not exceed the Alternative
Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms
and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under
Section 2.05, and reborrow under this Section 2.01. Revolving Credit Loans may be
Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

     2.02 Borrowings, Conversions and Continuations of Loans.

     (a) Each Term Borrowing, each Revolving Credit Borrowing, each conversion of Term Loans or
Revolving Credit Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans
shall be made upon the Company’s irrevocable notice to the Administrative Agent, which may be given
by telephone. Each such notice must be received by the Administrative Agent not later than 12:00
noon (i) three Business Days prior to the requested date of any Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans denominated in Dollars or of any conversion of Eurocurrency
Rate Loans denominated in Dollars to Base Rate Loans, (ii) four Business Days (or five Business
Days in the case of a Special Notice Currency) prior to the requested date of any
Borrowing or continuation of Eurocurrency Rate Loans denominated in Alternative Currencies, and
(iii) on the requested date of any Borrowing of Base Rate Loans; provided, however,
that if the Company wishes to request Eurocurrency Rate Loans having an Interest Period other than
one, two, three or six months in duration as provided in the definition of “Interest Period” (a
“Special Interest Period), the applicable notice must be received by the Administrative
Agent not later than 12:00 noon (i) four Business Days prior to the requested date of such
Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated in Dollars, or (ii)
five Business Days (or six Business days in the case of a Special Notice Currency) prior to the
requested date of such Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated
in Alternative Currencies for a Special Interest Period, whereupon the Administrative Agent shall
give prompt notice to the Lenders of such request and determine whether the requested Special
Interest Period is acceptable to all of them. Not later than 12:00 noon, (i) three Business Days
before the requested date of such Borrowing, conversion or continuation of Eurocurrency Rate Loans
denominated in Dollars, or (ii) four Business Days (or five Business days in the case of a Special
Notice Currency) prior to the requested date of such Borrowing, conversion or continuation of
Eurocurrency Rate Loans denominated in Alternative Currencies, the Administrative Agent shall
notify the Company (which notice may be by telephone) whether or not the requested Special Interest
Period has been consented to by all the Lenders. Each telephonic notice by the Company pursuant to
this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of
a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Company.
Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in a principal
amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in
Sections 2.03(c) and 2.04(c), each Revolving Credit Borrowing or Term Borrowing of
or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of
$100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i)
whether the Company is requesting a Term Borrowing, a Revolving Credit Borrowing, a conversion of
Term Loans or Revolving Credit Loans from one Type to the other, or a continuation of Eurocurrency
Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may
be (which shall be

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a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued,
(iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, (v) if
applicable, the duration of the Interest Period with respect thereto, (vi) the currency of the
Revolving Credit Loans to be borrowed, and (vii) if applicable, the Designated Borrower. If the
Company fails to specify a currency in a Loan Notice requesting a Borrowing, then the Revolving
Credit Loans so requested shall be made in Dollars. If the Company fails to specify a Type of Loan
in a Loan Notice or if the Company fails to give a timely notice requesting a conversion or
continuation, then the applicable Term Loans or Revolving Credit Loans shall be made as, or
converted to, Base Rate Loans; provided, however, that in the case of a failure to
timely request a continuation of Revolving Credit Loans denominated in an Alternative Currency,
such Loans shall be continued as Eurocurrency Rate Loans in their original currency with an
Interest Period of one month. Any automatic conversion to Base Rate Loans shall be effective as of
the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate
Loans. If the Company requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate
Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have
specified an Interest Period of one month. Notwithstanding anything to the contrary herein, (i) a
Swing Line Loan may not be converted to a Eurocurrency Rate Loan, (ii) Term Loans shall at all
times be maintained in Dollars and (iii) no Revolving Credit Loan may be converted into or
continued as a Revolving Credit Loan denominated in a different currency, but instead must be
prepaid in the original currency of such Revolving Credit Loan and reborrowed in the other
currency.

     (b) Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each
Lender of the amount (and, in the case of Revolving Credit Loans, currency) of its Applicable
Percentage under the applicable Facility of the applicable Term Loans or Revolving Credit Loans,
and if no timely notice of a conversion or continuation is provided by the Borrowers, the
Administrative Agent shall notify each Lender of the details of any automatic conversion to Base
Rate Loans, or continuation of Revolving Credit Loans denominated in a currency other than Dollars,
in each case described in Section 2.02(a). In the case of a Term Borrowing or a Revolving
Credit Borrowing, each Appropriate Lender shall make the amount of its Loan available to the
Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the applicable
currency not later than 2:00 p.m., 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 Revolving Credit
Loan in an Alternative Currency, in each case on the Business Day specified in the applicable Loan
Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if
such Borrowing is (x) the initial Credit Extension, Section 4.01, or (y) the initial Credit
Extension to the Specified Designated Borrower, Section 4.03), the Administrative Agent
shall make all funds so received available to the Company or the other applicable Borrower not
later than 5:00 p.m. on the Business Day specified in the Loan Notice in like funds as received by
the Administrative Agent either by (i) crediting the account of such Borrower on the books of Bank
of America with the amount of such funds or (ii) wire transfer of such funds, in each case in
accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by
the Company; provided, however, that if, on the date that a Loan Notice with
respect to a Borrowing of Revolving Credit Loans denominated in Dollars is given by the Company,
there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be
applied to the payment in full of any such L/C Borrowings, and, second, shall be made
available to the applicable Borrower as provided above.

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     (c) During the existence of a Default, no Loans denominated in Dollars may be requested as,
converted or continued as, Eurocurrency Rate Loans, and no Loans denominated in any Alternative
Currency may be requested (but Loans denominated in an Alternative Currency may be converted or
continued) as Eurocurrency Rate Loans, without the consent of the Required Lenders, and during the
existence of an Event of Default, the Required Lenders may demand that any or all of the then
outstanding Eurocurrency Rate Loans denominated in an Alternative Currency be prepaid, or
redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the
then current Interest Period with respect thereto.

     (d) The Administrative Agent shall promptly notify the Company and the Lenders of the interest
rate applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such
interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall
notify the Company and the Lenders of any change in Bank of America’s prime rate used in
determining the Base Rate promptly following the public announcement of such change.

     (e) After giving effect to all Term Borrowings, all conversions of Term Loans from one Type to
the other, and all continuations of Term Loans as the same Type, there shall not be more than two
Interest Periods in effect in respect of the Term Facility. After giving effect to all Revolving
Credit Borrowings, all conversions of Revolving Credit Loans from one Type to the other, and all
continuations of Revolving Credit Loans as the same Type, there shall not be more than ten Interest
Periods in effect in respect of the Revolving Credit Facility.

     2.03 Letters of Credit.

     (a) The Letter of Credit Commitment.

     (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in
reliance upon the agreements of the Lenders set forth in this Section 2.03, (1) from
time to time on any Business Day during the period from the Closing Date until the Letter of
Credit Expiration Date, to issue Letters of Credit denominated in Dollars or in one or more
Alternative Currencies for the account of the Company or its Subsidiaries, and to amend or
extend Letters of Credit previously issued by it, in accordance with subsection (b) below,
and (2) to honor drawings under the Letters of Credit; and (B) the Revolving Credit Lenders
severally agree to participate in Letters of Credit issued for the account of the Company or
its Subsidiaries and any drawings thereunder; provided that after giving effect to
any L/C Credit Extension with respect to any Letter of Credit, (x) the Total Revolving
Credit Outstandings shall not exceed the Revolving Credit Facility, (y) the aggregate
Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender,
plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the
Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Revolving
Credit Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such
Lender’s Revolving Credit Commitment, and (z) the Outstanding Amount of the L/C Obligations
shall not exceed the Letter of Credit Sublimit. Each request by the Company for the
issuance or amendment of a Letter of Credit shall be deemed to be a representation by the
Company that the L/C Credit Extension so requested complies with the conditions set forth in
the provisos to the

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preceding sentence. Within the foregoing limits, and subject to the terms and
conditions hereof, the Company’s ability to obtain Letters of Credit shall be fully
revolving, and accordingly the Company may, during the foregoing period, obtain Letters of
Credit to replace Letters of Credit that have expired or that have been drawn upon and
reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant
hereto, and from and after the Closing Date shall be subject to and governed by the terms
and conditions hereof.

     (ii) The L/C Issuer shall not issue any Letter of Credit, if:

     (A) subject to Section 2.03(b)(iii), the expiry date of such requested
Letter of Credit would occur more than twelve months after the date of issuance or
last extension, unless the Required Revolving Lenders have approved such expiry
date; or

     (B) the expiry date of such requested Letter of Credit would occur after the
Letter of Credit Expiration Date, unless all the Revolving Credit Lenders have
approved such expiry date.

     (iii) The L/C Issuer shall not be under any obligation to issue any Letter of Credit
if:

     (A) any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such
Letter of Credit, or any Law applicable to the L/C Issuer or any request or
directive (whether or not having the force of law) from any Governmental Authority
with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer
refrain from, the issuance of letters of credit generally or such Letter of Credit
in particular or shall impose upon the L/C Issuer with respect to such Letter of
Credit any restriction, reserve or capital requirement (for which the L/C Issuer is
not otherwise compensated hereunder) not in effect on the Closing Date, or shall
impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not
applicable on the Closing Date and which the L/C Issuer in good faith deems material
to it;

     (B) the issuance of such Letter of Credit would violate one or more policies of
the L/C Issuer applicable to letters of credit generally;

     (C) except as otherwise agreed by the Administrative Agent and the L/C Issuer,
such Letter of Credit is in an initial stated amount less than $500,000;

     (D) except as otherwise agreed by the Administrative Agent and the L/C Issuer,
such Letter of Credit is to be denominated in a currency other than Dollars or an
Alternative Currency;

     (E) the L/C Issuer does not as of the issuance date of such requested Letter of
Credit issue Letters of Credit in the requested currency;

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     (F) such Letter of Credit contains any provisions for automatic reinstatement
of the stated amount after any drawing thereunder; or

     (G) a default of any Revolving Credit Lender’s obligations to fund under
Section 2.03(c) exists or any Revolving Credit Lender is at that time a
Defaulting Lender, unless the L/C Issuer has entered into arrangements, including
the delivery of Cash Collateral, satisfactory to the L/C Issuer (in its sole
discretion) with the Borrowers or such Lender to eliminate the L/C Issuer’s actual
or potential Fronting Exposure (after giving effect to Section 2.15(a)(iv))
with respect to the Defaulting Lender arising from either the Letter of Credit then
proposed to be issued or that Letter of Credit and all other L/C Obligations as to
which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in
its sole discretion

     (iv) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be
permitted at such time to issue such Letter of Credit in its amended form under the terms
hereof.

     (v) The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A)
the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its
amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does
not accept the proposed amendment to such Letter of Credit.

     (vi) The L/C Issuer shall act on behalf of the Revolving Credit Lenders with respect to
any Letters of Credit issued by it and the documents associated therewith, and the L/C
Issuer shall have all of the benefits and immunities (A) provided to the Administrative
Agent in Article IX with respect to any acts taken or omissions suffered by the L/C
Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and
Issuer Documents pertaining to such Letters of Credit as fully as if the term
“Administrative Agent” as used in Article IX included the L/C Issuer with respect to
such acts or omissions, and (B) as additionally provided herein with respect to the L/C
Issuer.

     (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
Credit.

     (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Company delivered to the L/C Issuer (with a copy to the Administrative Agent)
in the form of a Letter of Credit Application, appropriately completed and signed by a
Responsible Officer of the Company. Such Letter of Credit Application must be received by
the L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business
Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree
in a particular instance in their sole discretion) prior to the proposed issuance date or
date of amendment, as the case may be. In the case of a request for an initial issuance of
a Letter of Credit, such Letter of Credit Application shall specify in form and detail
satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of
Credit (which shall be a Business Day); (B) the amount and currency

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thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary
thereof; (E) the documents to be presented by such beneficiary in case of any drawing
thereunder; (F) the full text of any certificate to be presented by such beneficiary in case
of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and
(H) such other matters as the L/C Issuer may require. In the case of a request for an
amendment of any outstanding Letter of Credit, such Letter of Credit Application shall
specify in form and detail satisfactory to the L/C Issuer (A) the Letter of Credit to be
amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the
nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require.
Additionally, the Company shall furnish to the L/C Issuer and the Administrative Agent such
other documents and information pertaining to such requested Letter of Credit issuance or
amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may
require.

     (ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has received a copy of such Letter of Credit Application from the Company and, if not,
the L/C Issuer will provide the Administrative Agent with a copy thereof. Unless the L/C
Issuer has received written notice from any Lender, the Administrative Agent or any Loan
Party, at least one Business Day prior to the requested date of issuance or amendment of the
applicable Letter of Credit, that one or more applicable conditions contained in Article
IV shall not then be satisfied, then, subject to the terms and conditions hereof, the
L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the
Company (or the applicable Subsidiary) or enter into the applicable amendment, as the case
may be, in each case in accordance with the L/C Issuer’s usual and customary business
practices. Immediately upon the issuance of each Letter of Credit, each Revolving Credit
Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase
from the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the
product of such Revolving Credit Lender’s Applicable Revolving Credit Percentage for the
Revolving Credit Facility times the amount of such Letter of Credit.

     (iii) If the Company so requests in any applicable Letter of Credit Application, the
L/C Issuer may, in its sole and absolute discretion, agree to issue a 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 L/C Issuer to
prevent any such extension at least once in each twelve-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-month
period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise
directed by the L/C Issuer, the Company shall not be required to make a specific request to
the L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been
issued, the Revolving Credit Lenders shall be deemed to have authorized (but may not
require) the L/C Issuer to permit the extension of such Letter of Credit at any time to an
expiry date not later than the Letter of Credit Expiration Date; provided,
however, that the L/C Issuer shall not permit any such extension if (A) the L/C
Issuer has determined that it would not be permitted, or would have no obligation, at such

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time to issue such Letter of Credit in its revised form (as extended) under the terms
hereof (by reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or
otherwise), or (B) it has received notice (which may be by telephone or in writing) on or
before the day that is seven Business Days before the Non-Extension Notice Date (1) from the
Administrative Agent that the Required Revolving Credit Lenders have elected not to permit
such extension or (2) from the Administrative Agent, any Revolving Credit Lender or the
Company that one or more of the applicable conditions specified in Section 4.02 is
not then satisfied, and in each such case directing the L/C Issuer not to permit such
extension.

     (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter
of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C
Issuer will also deliver to the Company and the Administrative Agent a true and complete
copy of such Letter of Credit or amendment.

     (c) Drawings and Reimbursements; Funding of Participations.

     (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under such Letter of Credit, the L/C Issuer shall notify the Company and the
Administrative Agent thereof. In the case of a Letter of Credit denominated in an
Alternative Currency, the Company shall reimburse the L/C Issuer in such Alternative
Currency, unless (A) the L/C Issuer (at its option) shall have specified in such notice that
it will require reimbursement in Dollars, or (B) in the absence of any such requirement for
reimbursement in Dollars, the Company shall have notified the L/C Issuer promptly following
receipt of the notice of drawing that the Company will reimburse the L/C Issuer in Dollars.
In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit
denominated in an Alternative Currency, the L/C Issuer shall notify the Company of the
Dollar Equivalent of the amount of the drawing promptly following the determination thereof.
Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of
Credit to be reimbursed in Dollars, or the Applicable Time on the date of any payment by the
L/C Issuer under a Letter of Credit to be reimbursed in an Alternative Currency (each such
date, an “Honor Date”), the Company shall reimburse the L/C Issuer through the
Administrative Agent in an amount equal to the amount of such drawing and in the applicable
currency. If the Company fails to so reimburse the L/C Issuer by such time, the
Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date,
the amount of the unreimbursed drawing (expressed in Dollars in the amount of the Dollar
Equivalent thereof in the case of a Letter of Credit denominated in an Alternative Currency)
(the “Unreimbursed Amount”), and the amount of such Revolving Credit Lender’s
Applicable Revolving Credit Percentage thereof. In such event, the Company shall be deemed
to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the
Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and
multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but
subject to the amount of the unutilized portion of the Revolving Credit Facility and the
conditions set forth in Section 4.02 (other than the delivery of a Loan Notice).
Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section
2.03(c)(i) may be given by telephone if immediately confirmed in writing;
provided that the lack of such an

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immediate confirmation shall not affect the conclusiveness or binding effect of such
notice.

     (ii) Each Revolving Credit Lender shall upon any notice pursuant to Section
2.03(c)(i) make funds available to the Administrative Agent for the account of the L/C
Issuer, in Dollars, at the Administrative Agent’s Office for Dollar-denominated payments in
an amount equal to its Applicable Revolving Credit Percentage of the Unreimbursed Amount not
later than 1:00 p.m. on the Business Day specified in such notice by the Administrative
Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving
Credit Lender that so makes funds available shall be deemed to have made a Base Rate
Revolving Credit Loan to the Company in such amount. The Administrative Agent shall remit
the funds so received to the L/C Issuer in Dollars.

     (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in
Section 4.02 cannot be satisfied or for any other reason, the Company shall be
deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the
Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable
on demand (together with interest) and shall bear interest at the Default Rate. In such
event, each Revolving Credit Lender’s payment to the Administrative Agent for the account of
the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of
its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender
in satisfaction of its participation obligation under this Section 2.03.

     (iv) Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance
pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn
under any Letter of Credit, interest in respect of such Revolving Credit Lender’s Applicable
Revolving Credit Percentage of such amount shall be solely for the account of the L/C
Issuer.

     (v) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C
Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as
contemplated by this Section 2.03(c), shall be absolute and unconditional and shall
not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment,
defense or other right which such Lender may have against the L/C Issuer, the Company, any
Subsidiary or any other Person for any reason whatsoever; (B) the occurrence or continuance
of a Default, or (C) any other occurrence, event or condition, whether or not similar to any
of the foregoing; provided, however, that each Revolving Credit Lender’s
obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is
subject to the conditions set forth in Section 4.02 (other than delivery by the
Company of Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair
the obligation of the Company to reimburse the L/C Issuer for the amount of any payment made
by the L/C Issuer under any Letter of Credit, together with interest as provided herein.

     (vi) If any Revolving Credit Lender fails to make available to the Administrative Agent
for the account of the L/C Issuer any amount required to be paid by

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such Revolving Credit Lender pursuant to the foregoing provisions of this Section
2.03(c) by the time specified in Section 2.03(c)(ii), the L/C Issuer shall be
entitled to recover from such Revolving Credit Lender (acting through the Administrative
Agent), on demand, such amount with interest thereon for the period from the date such
payment is required to the date on which such payment is immediately available to the L/C
Issuer at a rate per annum equal to the applicable Overnight Rate from time to time in
effect, plus any administrative, processing or similar fees customarily charged by the L/C
Issuer in connection with the foregoing. If such Revolving Credit Lender pays such amount
(with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s
Revolving Credit Loan included in the relevant Revolving Credit Borrowing or L/C Advance in
respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer
submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to
any amounts owing under this Section 2.03(c) shall be conclusive absent manifest
error.

     (d) Repayment of Participations.

     (i) At any time after the L/C Issuer has made a payment under any Letter of Credit and
has received from any Revolving Credit Lender such Revolving Credit Lender’s L/C Advance in
respect of such payment in accordance with Section 2.03(c), if the Administrative
Agent receives for the account of the L/C Issuer any payment in respect of the related
Unreimbursed Amount or interest thereon (whether directly from the Company or otherwise,
including proceeds of Cash Collateral applied thereto by the Administrative Agent), the
Administrative Agent will distribute to such Revolving Credit Lender its Applicable
Revolving Credit Percentage thereof in Dollars and in the same funds as those received by
the Administrative Agent.

     (ii) If any payment received by the Administrative Agent for the account of the L/C
Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the
circumstances described in Section 10.05 (including pursuant to any settlement
entered into by the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to
the Administrative Agent for the account of the L/C Issuer its Applicable Revolving Credit
Percentage thereof on demand of the Administrative Agent, plus interest thereon from the
date of such demand to the date such amount is returned by such Revolving Credit Lender, at
a rate per annum equal to the applicable Overnight Rate from time to time in effect. The
obligations of the Revolving Credit Lenders under this clause shall survive the payment in
full of the Obligations and the termination of this Agreement.

     (e) Obligations Absolute. The obligation of the Company to reimburse the L/C Issuer
for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following:

     (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or
any other Loan Document;

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     (ii) the existence of any claim, counterclaim, setoff, defense or other right that the
Company or any Subsidiary may have at any time against any beneficiary or any transferee of
such Letter of Credit (or any Person for whom any such beneficiary or any such transferee
may be acting), the L/C Issuer or any other Person, whether in connection with this
Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement
or instrument relating thereto, or any unrelated transaction;

     (iii) any draft, demand, certificate or other document presented under such 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; or any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit;

     (iv) any payment by the L/C Issuer under such Letter of Credit against presentation of
a draft or certificate that does not strictly comply with the terms of such Letter of
Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person
purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
creditors, liquidator, receiver or other representative of or successor to any beneficiary
or any transferee of such Letter of Credit, including any arising in connection with any
proceeding under any Debtor Relief Law;

     (v) any adverse change in the relevant exchange rates or in the availability of the
relevant Alternative Currency to the Company or any Subsidiary or in the relevant currency
markets generally; or

     (vi) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including any other circumstance that might otherwise constitute a defense
available to, or a discharge of, the Company or any Subsidiary;

     provided that the foregoing shall not excuse the L/C Issuer from liability to
the Company or any of its Subsidiaries to the extent of direct damages (as opposed to
consequential damages) suffered by the Company or any of its Subsidiaries that are caused by
the L/C Issuer’s bad faith, gross negligence or willful misconduct.

     The Company shall promptly examine a copy of each Letter of Credit and each amendment thereto
that is delivered to it and, in the event of any claim of noncompliance with the Company’s
instructions or other irregularity, the Company will immediately notify the L/C Issuer. The
Company shall be conclusively deemed to have waived any such claim against the L/C Issuer and its
correspondents unless such notice is given as aforesaid.

     (f) Role of L/C Issuer. Each Lender and the Company agree that, in paying any drawing
under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document
(other than any sight draft, certificates and documents expressly required by the Letter of Credit)
or to ascertain or inquire as to the validity or accuracy of any such document or the authority of
the Person executing or delivering any such document. None of the L/C Issuer, the Administrative
Agent, any of their respective Related Parties nor any correspondent, participant or assignee of
the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in

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connection herewith at the request or with the approval of the Lenders, the Required Lenders,
the Revolving Credit Lenders or the Required Revolving Credit Lenders, as applicable; (ii) any
action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due
execution, effectiveness, validity or enforceability of any document or instrument related to any
Letter of Credit or Issuer Document. The Company hereby assumes all risks of the acts or omissions
of any beneficiary or transferee with respect to its use of any Letter of Credit; provided,
however, that this assumption is not intended to, and shall not, preclude the Company’s
pursuing such rights and remedies as it may have against the beneficiary or transferee at law or
under any other agreement. None of the L/C Issuer, the Administrative Agent, any of their
respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall
be liable or responsible for any of the matters described in clauses (i) through (v) of Section
2.03(e); provided, however, that anything in such clauses to the contrary
notwithstanding, the Company may have a claim against the L/C Issuer, and the L/C Issuer may be
liable to the Company, to the extent, but only to the extent, of any direct, as opposed to
consequential or exemplary, damages suffered by the Company which the Company proves were caused by
the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful failure to pay
under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and
certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In
furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear
on their face to be in order, without responsibility for further investigation, regardless of any
notice or information to the contrary, and the L/C Issuer shall not be responsible for the validity
or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a
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.

     (g) Cash Collateral. (i) Upon the request of the Administrative Agent, (A) if the
L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such
drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date,
any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately
Cash Collateralize the then Outstanding Amount of all L/C Obligations. At any time that there
shall exist a Defaulting Lender that is a Revolving Credit Lender, within three Business Days after
the request of the Administrative Agent or the L/C Issuer, the Borrower shall deliver to the
Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after
giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting
Lender).

     (ii) In addition, if the Administrative Agent notifies the Company at any time that the
Outstanding Amount of all L/C Obligations at such time exceeds 100% (or, in the case of any
such excess determined by the Administrative Agent to have resulted solely from foreign
currency fluctuations, 102%) of the Letter of Credit Sublimit then in effect, then, within
two Business Days after receipt of such notice, the Company shall Cash Collateralize the L/C
Obligations in an amount equal to the amount by which the Outstanding Amount of all L/C
Obligations exceeds the Letter of Credit Sublimit.

     (iii) The Administrative Agent may, at any time and from time to time after the initial
deposit of Cash Collateral, request that additional Cash Collateral be provided in order to
protect against the results of exchange rate fluctuations.

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     (iv) Sections 2.05 and 8.02(c) set forth certain additional
requirements to deliver Cash Collateral hereunder. For purposes of this Section
2.03, Section 2.05 and Section 8.02(c), “Cash Collateralize”
means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of
the L/C Issuer and the Lenders, as collateral for the L/C Obligations, cash or deposit
account balances pursuant to documentation in form and substance satisfactory to the
Administrative Agent and the L/C Issuer (which documents are hereby consented to by the
Lenders). Derivatives of such term have corresponding meanings. Upon such pledge and
deposit, the Company shall grant to the Administrative Agent, for the benefit of the L/C
Issuer and the Lenders, a security interest in all such cash, deposit accounts and all
balances therein and all proceeds of the foregoing. Cash Collateral shall be maintained in
blocked, non-interest bearing deposit accounts at Bank of America.

     (h) Applicability of ISP. Unless otherwise expressly agreed by the L/C Issuer and the
Company when a Letter of Credit is issued (including any such agreement applicable to an Existing
Letter of Credit), the rules of the ISP shall apply to each standby Letter of Credit.

     (i) Letter of Credit Fees. The Company shall pay to the Administrative Agent for the
account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit
Percentage, in Dollars, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter
of Credit equal to the Applicable Rate times the Dollar Equivalent of the daily amount
available to be drawn under such Letter of Credit, provided, however, any Letter of Credit
Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit
as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer
pursuant to this Section 2.03 shall be payable, to the maximum extent permitted by
applicable Law, to the other Lenders in accordance with the upward adjustments in their respective
Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.15(a)(iv),
with the balance of such fee, if any, payable to the L/C Issuer for its own account. For purposes
of computing the daily amount available to be drawn under any Letter of Credit, the amount of such
Letter of Credit shall be determined in accordance with Section 1.09. Letter of Credit
Fees shall be (i) due and payable on the first Business Day after the end of each March, June,
September and December, commencing with the first such date to occur after the issuance of such
Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii)
computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any
quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and
multiplied by the Applicable Rate separately for each period during such quarter that such
Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the
request of the Required Revolving Credit Lenders, while any Event of Default exists, all Letter of
Credit Fees shall accrue at the Default Rate.

     (j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The
Company shall pay directly to the L/C Issuer for its own account, in Dollars, a fronting fee with
respect to each Letter of Credit, at the rate per annum specified in the applicable Fee Letter,
computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of
Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth
Business Day after the end of each March, June, September and December in respect of the most
recently-ended quarterly period (or portion thereof, in the case of the first payment),

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commencing with the first such date to occur after the issuance of such Letter of Credit, on
the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily
amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall
be determined in accordance with Section 1.09. In addition, the Company shall pay directly
to the L/C Issuer for its own account, in Dollars, the customary issuance, presentation, amendment
and other processing fees, and other standard costs and charges, of the L/C Issuer relating to
letters of credit as from time to time in effect. Such customary fees and standard costs and
charges are due and payable on demand and are nonrefundable.

     (k) Conflict with Issuer Documents. In the event of any conflict between the terms
hereof and the terms of any Issuer Document, the terms hereof shall control.

     (l) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of
Credit issued or outstanding hereunder is in support of any obligations of, or is for the account
of, a Subsidiary, the Company shall be obligated to reimburse the L/C Issuer hereunder for any and
all drawings under such Letter of Credit. The Company hereby acknowledges that the issuance of
Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that
the Company’s business derives substantial benefits from the businesses of such Subsidiaries.

     2.04 Swing Line Loans.

     (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing
Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this
Section 2.04, to make loans in Dollars (each such loan, a “Swing Line Loan”) to the
Company from time to time on any Business Day during the Availability Period in an aggregate amount
not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the
fact that such Swing Line Loans, when aggregated with the Applicable Revolving Credit Percentage of
the Outstanding Amount of Revolving Credit Loans and L/C Obligations of the Lender acting as Swing
Line Lender, may exceed the amount of such Lender’s Revolving Credit Commitment; provided,
however, that after giving effect to any Swing Line Loan, (i) the Total Revolving Credit
Outstandings shall not exceed the Revolving Credit Facility, and (ii) the aggregate Outstanding
Amount of the Revolving Credit Loans of any Revolving Credit Lender at such time, plus such
Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all
L/C Obligations at such time, plus such Revolving Credit Lender’s Applicable Revolving
Credit Percentage of the Outstanding Amount of all Swing Line Loans at such time shall not exceed
such Lender’s Revolving Credit Commitment, and provided, further, that the Company
shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan.
Within the foregoing limits, and subject to the other terms and conditions hereof, the Company may
borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this
Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making
of a Swing Line Loan, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing
Line Loan in an amount equal to the product of such Revolving Credit Lender’s Applicable Revolving
Credit Percentage times the amount of such Swing Line Loan.

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     (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Company’s
irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent
not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be
borrowed, which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall
be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing
Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately
completed and signed by a Responsible Officer of the Company. Promptly after receipt by the Swing
Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has also received
such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent
(by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received
notice (by telephone or in writing) from the Administrative Agent (including at the request of any
Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A)
directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set
forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or
more of the applicable conditions specified in Article IV is not then satisfied, then,
subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on
the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan
available to the Company at its office by crediting the account of the Company on the books of the
Swing Line Lender in Same Day Funds.

     (c) Refinancing of Swing Line Loans.

     (i) The Swing Line Lender at any time in its sole and absolute discretion may request,
on behalf of the Company (which hereby irrevocably authorizes the Swing Line Lender to so
request on its behalf), that each Revolving Credit Lender make a Base Rate Revolving Credit
Loan in an amount equal to such Lender’s Applicable Revolving Credit Percentage of the
amount of Swing Line Loans then outstanding. Such request shall be made in writing (which
written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance
with the requirements of Section 2.02, without regard to the minimum and multiples
specified therein for the principal amount of Base Rate Loans, but subject to the unutilized
portion of the Revolving Credit Facility and the conditions set forth in Section
4.02. The Swing Line Lender shall furnish the Company with a copy of the applicable
Loan Notice promptly after delivering such notice to the Administrative Agent. Each
Revolving Credit Lender shall make an amount equal to its Applicable Revolving Credit
Percentage of the amount specified in such Loan Notice available to the Administrative Agent
in Same Day Funds for the account of the Swing Line Lender at the Administrative Agent’s
Office for Dollar-denominated payments not later than 1:00 p.m. on the day specified in such
Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Lender that so makes
funds available shall be deemed to have made a Base Rate Revolving Credit Loan to the
Company in such amount. The Administrative Agent shall remit the funds so received to the
Swing Line Lender.

     (ii) If for any reason any Swing Line Loan cannot be refinanced by such a Revolving
Credit Borrowing in accordance with Section 2.04(c)(i), the request for Base

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Rate Revolving Credit Loans submitted by the Swing Line Lender as set forth herein
shall be deemed to be a request by the Swing Line Lender that each of the Revolving Credit
Lenders fund its risk participation in the relevant Swing Line Loan and each Revolving
Credit Lender’s payment to the Administrative Agent for the account of the Swing Line Lender
pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such
participation.

     (iii) If any Revolving Credit Lender fails to make available to the Administrative
Agent for the account of the Swing Line Lender any amount required to be paid by such Lender
pursuant to the foregoing provisions of this Section 2.04(c) by the time specified
in Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such
Revolving Credit Lender (acting through the Administrative Agent), on demand, such amount
with interest thereon for the period from the date such payment is required to the date on
which such payment is immediately available to the Swing Line Lender at a rate per annum
equal to the applicable Overnight Rate from time to time in effect, plus any administrative,
processing or similar fees customarily charged by the Swing Line Lender in connection with
the foregoing. If such Revolving Credit Lender pays such amount (with interest and fees as
aforesaid), the amount so paid shall constitute such Lender’s Revolving Credit Loan included
in the relevant Revolving Credit Borrowing or funded participation in the relevant Swing
Line Loan, as the case may be. A certificate of the Swing Line Lender submitted to any
Lender (through the Administrative Agent) with respect to any amounts owing under this
clause (iii) shall be conclusive absent manifest error.

     (iv) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to
purchase and fund risk participations in Swing Line Loans pursuant to this Section
2.04(c) shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right
which such Lender may have against the Swing Line Lender, the Company or any other Person
for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other
occurrence, event or condition, whether or not similar to any of the foregoing;
provided, however, that each Lender’s obligation to make Revolving Credit
Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in
Section 4.02. No such funding of risk participations shall relieve or otherwise
impair the obligation of the Company to repay Swing Line Loans, together with interest as
provided herein.

     (d) Repayment of Participations.

     (i) At any time after any Revolving Credit Lender has purchased and funded a risk
participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account
of such Swing Line Loan, the Swing Line Lender will distribute to such Revolving Credit
Lender its Applicable Revolving Credit Percentage thereof in the same funds as those
received by the Swing Line Lender.

     (ii) If any payment received by the Swing Line Lender in respect of principal or
interest on any Swing Line Loan is required to be returned by the Swing Line Lender under
any of the circumstances described in Section 10.05 (including pursuant to any

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settlement entered into by the Swing Line Lender in its discretion), each Revolving
Credit Lender shall pay to the Swing Line Lender its Applicable Revolving Credit Percentage
thereof on demand of the Administrative Agent, plus interest thereon from the date of such
demand to the date such amount is returned, at a rate per annum equal to the applicable
Overnight Rate. The Administrative Agent will make such demand upon the request of the
Swing Line Lender. The obligations of the Lenders under this clause shall survive the
payment in full of the Obligations and the termination of this Agreement.

     (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be
responsible for invoicing the Company for interest on the Swing Line Loans. Until each Revolving
Credit Lender funds its Base Rate Revolving Credit Loan or risk participation pursuant to this
Section 2.04 to refinance such Revolving Credit Lender’s Applicable Revolving Credit
Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be
solely for the account of the Swing Line Lender.

     (f) Payments Directly to Swing Line Lender. The Company shall make all payments of
principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

     2.05 Prepayments. (a) Each Borrower may, upon notice from the Company to the Administrative
Agent, at any time or from time to time voluntarily prepay Term Loans and Revolving Credit Loans in
whole or in part without premium or penalty; provided that (i) such notice must be received
by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of
prepayment of Eurocurrency Rate Loans denominated in Dollars, (B) four Business Days (or five, in
the case of prepayment of Loans denominated in Special Notice Currencies) prior to any date of
prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies, and (C) on the date of
prepayment of Base Rate Loans; (ii) any prepayment of Eurocurrency Rate Loans denominated in
Dollars shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess
thereof; (iii) any prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies
shall be in a minimum principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess
thereof; and (iv) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a
whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount
thereof then outstanding. Each such notice shall specify the date and amount of such prepayment
and the Type(s) of Loans to be prepaid and, if Eurocurrency Rate 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 Applicable Percentage of such
prepayment. If such notice is given by the Company, the applicable 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 a Eurocurrency Rate Loan shall be accompanied by all accrued
interest on the amount prepaid, together with any additional amounts required pursuant to
Section 3.05. Each prepayment of the outstanding Term Loans pursuant to this Section
2.05(a) shall be applied to the principal repayment installments thereof on a pro rata basis,
and each prepayment of the Loans shall be paid to the Lenders in accordance with their respective
Applicable Percentages in respect of each of the relevant Facilities.

     (b) The Company may, upon notice to the Swing Line Lender (with a copy to the Administrative
Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in

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whole or in part without premium or penalty; provided that (i) such notice must be
received by the Swing Line 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.
Each such notice shall specify the date and amount of such prepayment. If such notice is given by
the Company, the Company shall make such prepayment and the payment amount specified in such notice
shall be due and payable on the date specified therein.

     (c) If the Administrative Agent notifies the Company at any time that the Total Revolving
Credit Outstandings at such time exceed an amount equal to 100% (or, in the case of any such excess
determined by the Administrative Agent to have resulted solely from foreign currency fluctuations,
102%) of the Revolving Credit Facility then in effect, then, within two Business Days after receipt
of such notice, the Borrowers shall prepay Revolving Credit Loans and/or the Company shall Cash
Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding
Amount as of such date of payment to an amount not to exceed 100% of the Revolving Credit Facility;
provided, however, that, subject to the provisions of Section 2.03(g)(ii), the
Company shall not be required to Cash Collateralize the L/C Obligations pursuant to this
Section 2.05(c) unless after the prepayment in full of the Loans the Total Revolving Credit
Outstandings exceed the Revolving Credit Facility. The Administrative Agent may, at any time and
from time to time after the initial deposit of such Cash Collateral, request that additional Cash
Collateral be provided in order to protect against the results of further exchange rate
fluctuations.

     (d) If the Administrative Agent notifies the Company at any time that the Outstanding Amount
of all Revolving Credit Loans denominated in Alternative Currencies at such time exceeds an amount
equal to 102% of the Alternative Currency Sublimit, then, within two Business Days after receipt of
such notice, the Borrowers shall prepay Revolving Credit Loans denominated in Alternative
Currencies in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of
payment to an amount not to exceed 100% of the Alternative Currency Sublimit.

     2.06 Termination or Reduction of Commitments. (a) Optional. The Company may, upon
notice to the Administrative Agent, terminate the Revolving Credit Facility, or from time to time
permanently reduce the Revolving Credit Facility; provided that (i) any such notice shall
be received by the Administrative Agent not later than 12:00 noon five Business Days prior to the
date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount
of $10,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Company shall not
terminate or reduce the Revolving Credit Facility if, after giving effect thereto and to any
concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the
Revolving Credit Facility, (iv) if, after giving effect to any reduction of the Revolving Credit
Facility, the Alternative Currency Sublimit, the Letter of Credit Sublimit or the Designated
Borrower Sublimit or the Swing Line Sublimit exceeds the amount of the Revolving Credit Facility,
in each case such sublimit shall be automatically reduced by the amount of such excess. The
Administrative Agent will promptly notify the Lenders of any such notice of termination or
reduction of the Revolving Credit Facility. Except as provided in clause (iv) of the immediately
preceding sentence, the amount of any reduction of the Revolving Credit Facility shall not be
applied to the Alternative Currency Sublimit or the Letter of Credit Sublimit unless otherwise
specified by the Company. Any reduction of the Revolving Credit Facility shall be applied to

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the Commitment of each Lender according to its Applicable Percentage. All fees accrued until
the effective date of any termination of the Revolving Credit Facility shall be paid on the
effective date of such termination.

     (b) Mandatory. The aggregate Term Commitments shall be automatically and permanently
reduced to zero on the date of the Term Borrowing.

     (c) Application of Commitment Reductions; Payment of Fees. The Administrative Agent
will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit,
Swing Line Sublimit or the Revolving Credit Commitment under this Section 2.06. Upon any
reduction of the Revolving Credit Facility, the appropriate Revolving Credit Commitment of each
Revolving Credit Lender having a commitment thereunder shall be reduced by such Lender’s Applicable
Revolving Credit Percentage of such reduction amount. All fees in respect of the Revolving Credit
Facility accrued until the effective date of any termination of the Revolving Credit Facility shall
be paid on the effective date of such termination.

     2.07 Repayment of Loans. (a) Term Loans. The Company shall repay to the Term
Lenders the principal amount of all Term Loans (i) in equal quarterly payments in the amount of
$2,500,000 commencing on June 30, 2011 and on the last day of each September, December, March and
June thereafter, through and including March 31, 2016, and (ii) on the Maturity Date for the Term
Facility, the remaining outstanding principal amount of all Term Loans (in each case subject to the
application of prepayments in accordance with Section 2.06):

     (b) Revolving Credit Loans. Each Borrower shall repay to the Revolving Credit Lenders
on the Maturity Date for the Revolving Credit Facility the aggregate principal amount of all
Revolving Credit Loans outstanding to such Borrower on such date.

     (c) Swing Line Loans. The Company shall repay each Swing Line Loan on the earlier to
occur of (i) the date ten Business Days after such Loan is made and (ii) the Maturity Date for the
Revolving Credit Facility.

     2.08 Interest. (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency
Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period
at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus the
Applicable Rate for Eurocurrency Rate Loans plus (in the case of a Eurocurrency Rate Loan
of any Lender which is lent from a Lending Office in the United Kingdom or a Participating Member
State) the Mandatory Cost; (ii) each Base Rate Loan shall bear interest on the outstanding
principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base
Rate plus the Applicable Rate for Base Rate Loans; and (iii) each Swing Line Loan shall
bear interest on the outstanding principal amount thereof from the applicable borrowing date at a
rate per annum equal to the Base Rate plus the Applicable Rate for Base Rate Loans.

     (b)      (i) If any amount of principal of any Loan is not paid when due (without regard to any
applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount
shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the
Default Rate to the fullest extent permitted by applicable Laws.

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     (ii) If any amount (other than principal of any Loan) payable by any Borrower under any
Loan Document is not paid when due (without regard to any applicable grace periods), whether
at stated maturity, by acceleration or otherwise, then upon the request of the Required
Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum
at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

     (iii) Upon the request of the Required Lenders, while any Event of Default exists (or
immediately, upon any Event of Default under Section 8.01(a) resulting from any
failure to pay any principal of a Loan when due), the Borrowers shall pay interest on the
principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per
annum at all times equal to the Default Rate to the fullest extent permitted by applicable
Laws.

     (iv) Accrued and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand.

     (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest hereunder shall be
due and payable in accordance with the terms hereof before and after judgment, and before and after
the commencement of any proceeding under any Debtor Relief Law.

     2.09 Fees. In addition to certain fees described in subsections (i) and (j) of Section
2.03:

     (a) Commitment Fee. The Company shall pay to the Administrative Agent for the account
of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage, a
commitment fee in Dollars equal to the Applicable Rate for Commitment Fees times the actual daily
amount by which the Revolving Credit Facility exceeds the sum of (i) the Outstanding Amount of
Revolving Credit Loans and (ii) the Outstanding Amount of L/C Obligations. The commitment fee
shall accrue at all times during the Availability Period, including at any time during which one or
more of the conditions in Article IV is not met, and shall be due and payable quarterly in
arrears on the last Business Day of each March, June, September and December, commencing with the
first such date to occur after the Closing Date, and on the last day of the Availability Period.
The commitment fee shall be calculated quarterly in arrears, and if there is any change in the
Applicable Rate for Commitment Fees during any quarter, the actual daily amount shall be computed
and multiplied by the Applicable Rate separately for each period during such quarter that such
Applicable Rate was in effect.

     (b) Other Fees. (i) The Company shall pay to the Joint Lead Arrangers and the
Administrative Agent for their own respective accounts, in Dollars, fees in the amounts and at the
times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be
refundable for any reason whatsoever.

     (ii) The Company shall pay to the Lenders, in Dollars, such fees as shall have been
separately agreed upon in writing in the amounts and at the times so specified. Such

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fees shall be fully earned when paid and shall not be refundable for any reason
whatsoever.

     2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. (a) All
computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s
“prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and
actual days elapsed. All other computations of fees and interest shall be made on the basis of a
360-day year and actual days elapsed (which results in more fees or interest, as applicable, being
paid than if computed on the basis of a 365-day year), or, in the case of interest in respect of
Revolving Credit Loans denominated in Alternative Currencies as to which market practice differs
from the foregoing, in accordance with such market practice. Interest shall accrue on each Loan
for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for
the day on which the Loan or such portion is paid, provided that any Loan that is repaid on
the same day on which it is made shall, subject to Section 2.12(a), bear interest for one
day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be
conclusive and binding for all purposes, absent manifest error.

     (b) If, as a result of any restatement of or other adjustment to the financial statements of
the Company or for any other reason, the Company or the Lenders determine that (i) the Consolidated
Leverage Ratio as calculated by the Company 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, each Borrower shall immediately and retroactively be obligated to pay to the
Administrative Agent for the account of the applicable Lenders or the L/C Issuer, as the case may
be, 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 any Borrower under the Bankruptcy Code of the United
States, automatically and without further action by the Administrative Agent, any Lender or the L/C
Issuer), 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, any Lender or the L/C Issuer, as
the case may be, under Section 2.03(c)(iii), 2.03(i) or 2.08(b) or under
Article VIII. The Borrowers’ obligations under this paragraph shall survive the
termination of the Revolving Credit Facility and the repayment of all other Obligations hereunder
for a period of thirty days after the date of delivery of the Company’s annual audited financial
statements that include the period during which termination and repayment occurred.

     2.11 Evidence of Debt. (a) The Credit Extensions made by each Lender shall be evidenced by
one or more accounts or records maintained by such Lender and by the Administrative Agent in the
ordinary course of business. The accounts or records maintained by the Administrative Agent and
each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made
by the Lenders to the Borrowers and the interest and payments thereon. Any failure to so record or
any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers
hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and records of the
Administrative Agent in respect of such matters, the accounts and records of the Administrative
Agent shall control in the absence of manifest error. Upon the request of any Lender to a Borrower
made through the Administrative Agent, such Borrower shall execute and deliver to such Lender
(through the Administrative Agent) a

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Note or Notes, which shall evidence such Lender’s Loans to such Borrower in addition to such
accounts or records. Each Lender may attach schedules to a Note and endorse thereon the date, Type
(if applicable), amount, currency and maturity of its Loans and payments with respect thereto.

     (b) In addition to the accounts and records referred to in subsection (a), each Lender and the
Administrative Agent shall maintain in accordance with its usual practice accounts or records
evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing
Line Loans. In the event of any conflict between the accounts and records maintained by the
Administrative Agent and the accounts and records of any Lender in respect of such matters, the
accounts and records of the Administrative Agent shall control in the absence of manifest error.

     2.12 Payments Generally; Administrative Agent’s Clawback. (a) General. All payments
to be made by the Borrowers shall be made without condition or deduction for any counterclaim,
defense, recoupment or setoff. Except as otherwise expressly provided herein and except with
respect to principal of and interest on Loans denominated in an Alternative Currency, all payments
by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the
respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office
in Dollars and in Same Day Funds not later than 2:00 p.m. on the date specified herein. Except as
otherwise expressly provided herein, all payments by the Borrowers hereunder with respect to
principal and interest on Loans denominated in an Alternative Currency shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at
the applicable Administrative Agent’s Office in such Alternative Currency and in Same Day Funds not
later than the Applicable Time specified by the Administrative Agent on the dates specified herein.
Without limiting the generality of the foregoing, the Administrative Agent may require that any
payments due under this Agreement be made in the United States. If, for any reason, any Borrower
is prohibited by any Law from making any required payment hereunder in an Alternative Currency,
such Borrower shall make such payment in Dollars in the Dollar Equivalent of the Alternative
Currency payment amount. The Administrative Agent will promptly distribute to each Lender its
Applicable Percentage (or other applicable share as provided herein) of such payment in like funds
as received by wire transfer to such Lender’s Lending Office. All payments received by the
Administrative Agent (i) after 2:00 p.m., in the case of payments in Dollars, or (ii) after the
Applicable Time specified by the Administrative Agent in the case of payments in an Alternative
Currency, shall in each case be deemed received on the next succeeding Business Day and any
applicable interest or fee shall continue to accrue. If any payment to be made by any Borrower
shall come due on a day other than a Business Day, payment shall be made on the next following
Business Day, and such extension of time shall be reflected in computing interest or fees, as the
case may be.

     (b)      (i) Funding by Lenders; Presumption by Administrative Agent. Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed date of any
Revolving Credit Borrowing of Eurocurrency Rate Loans (or, in the case of any Revolving Credit
Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Revolving Credit Borrowing)
that such Lender will not make available to the Administrative Agent such Lender’s share of such
Revolving Credit Borrowing, the Administrative Agent may assume that such

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Lender has made such share available on such date in accordance with Section 2.02 (or,
in the case of a Revolving Credit Borrowing of Base Rate Loans, that such Lender has made such
share available in accordance with and at the time required by Section 2.02) and may, in
reliance upon such assumption, make available to the applicable Borrower a corresponding amount.
In such event, if a Lender has not in fact made its share of the applicable Revolving Credit
Borrowing available to the Administrative Agent, then the applicable Lender and the applicable
Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding
amount in Same Day Funds with interest thereon, for each day from and including the date such
amount is made available to such Borrower to but excluding the date of payment to the
Administrative Agent, at (A) in the case of a payment to be made by such Lender, the Overnight
Rate, plus any administrative, processing or similar fees customarily charged by the Administrative
Agent in connection with the foregoing, and (B) in the case of a payment to be made by such
Borrower, the interest rate applicable to Base Rate Loans. If such Borrower and such Lender shall
pay such interest to the Administrative Agent for the same or an overlapping period, the
Administrative Agent shall promptly remit to such Borrower the amount of such interest paid by such
Borrower for such period. If such Lender pays its share of the applicable Revolving Credit
Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s
Revolving Credit Loan included in such Revolving Credit Borrowing. Any payment by such Borrower
shall be without prejudice to any claim such Borrower may have against a Lender that shall have
failed to make such payment to the Administrative Agent.

     (ii) Payments by Borrowers; Presumptions by Administrative Agent. 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 the L/C Issuer
hereunder that such Borrower will not make such payment, the Administrative Agent may assume that
such Borrower has made such payment on such date in accordance herewith and may, in reliance upon
such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due.
In such event, if such Borrower has not in fact made such payment, then each of the Lenders or the
L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender or the L/C Issuer, in Same Day Funds 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 Overnight Rate.

     A notice of the Administrative Agent to any Lender or Borrower with respect to any amount
owing under this subsection (b) shall be conclusive, absent manifest error.

     (c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the
Administrative Agent funds for any Loan to be made by such Lender to any Borrower as provided in
the foregoing provisions of this Article II, and such funds are not made available to such
Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set
forth in Article IV are not satisfied or waived in accordance with the terms hereof, the
Administrative Agent shall return such funds (in like funds as received from such Lender) to such
Lender, without interest.

     (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make
Term Loans and Revolving Credit Loans, to fund participations in Letters of Credit and

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Swing Line Loans and to make payments pursuant to Section 10.04(c) are several and not
joint. The failure of any Lender to make any Loan, to fund any such participation or to make any
payment under Section 10.04(c) on any date required hereunder shall not relieve any other
Lender of its corresponding obligation to do so on such date, and, except as provided in
Section 2.15(a)(iv) and (v), no Lender shall be responsible for the failure of any
other Lender to so make its Loan, to purchase its participation or to make its payment under
Section 10.04(c).

     (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Loan in any particular place or manner or to constitute a representation by any
Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner.

     2.13 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff
or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of
the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it
resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Loans
or participations and accrued interest thereon greater than its pro rata share
thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the
Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the
Loans and subparticipations in L/C Obligations and Swing Line Loans of the other Lenders, or make
such other adjustments as shall be equitable, so that the benefit of all such payments shall be
shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Loans and other amounts owing them, provided that:

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

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

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

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     2.14 Designated Borrowers.

     (a) The Company may at any time, upon not less than 15 Business Days’ notice from the Company
to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in
its sole discretion), request that any Material Subsidiary of the Company (an
“Applicant Borrower”) become a Designated Borrower to receive Revolving Credit Loans
hereunder by delivering to the Administrative Agent (which shall promptly deliver counterparts
thereof to each Lender) a duly executed notice and agreement in substantially the form of
Exhibit I (a “Designated Borrower Request and Assumption Agreement”). The parties
hereto acknowledge and agree that prior to any Applicant Borrower becoming entitled to utilize the
credit facilities provided for herein the Administrative Agent and the Lenders shall have received
such supporting resolutions, incumbency certificates, opinions of counsel and other documents or
information, in form, content and scope reasonably satisfactory to the Administrative Agent, as may
be required by the Administrative Agent or the Required Revolving Credit Lenders in their
reasonable discretion, and Notes signed by such new Borrowers to the extent any Lenders so require.
Once the Administrative Agent and the Required Revolving Credit Lenders have agreed in their sole
discretion that an Applicant Borrower shall be entitled to receive Loans hereunder, and the
Administrative Agent has received all such requested resolutions, incumbency certificates, opinions
of counsel and other documents or information (including all documents required to be delivered by
all applicable Foreign Subsidiaries under Section 6.13 as a result of the addition of such
Designated Borrower), the Administrative Agent shall send a notice in substantially the form of
Exhibit J (a “Designated Borrower Notice”) to the Company and the Lenders
specifying the effective date upon which the Applicant Borrower shall constitute a Designated
Borrower for purposes hereof, whereupon each of the Lenders agrees to permit such Designated
Borrower to receive Revolving Credit Loans hereunder, on the terms and conditions set forth herein,
and each of the parties agrees that such Designated Borrower otherwise shall be a Borrower for all
purposes of this Agreement; provided that (x) no Loan Notice or Letter of Credit
Application may be submitted by or on behalf of such Designated Borrower until the date five
Business Days after such effective date, and (y) if the Applicant Borrower is a Person organized
under the Laws of the United Kingdom and the request that such Applicant Borrower become a
Designated Borrower is made by the Company on or prior to the 90th day following the
date hereof, the Administrative Agent may agree (in its sole discretion) that the Applicant
Borrower shall be entitled to receive Loans hereunder, and the agreement of the Required Revolving
Credit Lenders shall not be required.

     (b) The Obligations of the Company and each Designated Borrower that is a Domestic Subsidiary
shall be joint and several in nature. The Obligations of all Designated Borrowers that are Foreign
Subsidiaries and of the Specified Designated Borrower shall be several in nature.

     (c) The Specified Designated Borrower, and each Subsidiary of the Company that becomes a
“Designated Borrower” pursuant to this Section 2.14, hereby irrevocably appoints the
Company as its agent for all purposes relevant to this Agreement and each of the other Loan
Documents, including (i) the giving and receipt of notices, (ii) the execution and delivery of all
documents, instruments and certificates contemplated herein and all modifications hereto, and (iii)
the receipt of the proceeds of any Loans made by the Lenders to any such Designated Borrower
hereunder. Any acknowledgment, consent, direction, certification or other action which might
otherwise be valid or effective only if given or taken by all Borrowers, or by each

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Borrower acting singly, shall be valid and effective if given or taken only by the Company,
whether or not any such other Borrower joins therein. Any notice, demand, consent,
acknowledgement, direction, certification or other communication delivered to the Company in
accordance with the terms of this Agreement shall be deemed to have been delivered to each
Designated Borrower.

     (d) The Company may from time to time, upon not less than 15 Business Days’ notice from the
Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative
Agent in its sole discretion), terminate a Designated Borrower’s status as such, provided
that there are no outstanding Loans payable by such Designated Borrower, or other amounts payable
by such Designated Borrower on account of any Loans made to it, as of the effective date of such
termination. The Administrative Agent will promptly notify the Lenders of any such termination of a
Designated Borrower’s status.

     (e) Any Lender may, with notice to the Administrative Agent and the Company, fulfill its
Commitment hereunder in respect of any Loans requested to be made by such Lender to a Designated
Borrower not organized under the laws of the United States or any State thereof, by causing an
Affiliate of such Lender to act for such Lender to make such Loans to such Designated Borrower in
the place and stead of such Lender, provided that, in no event shall the Lender’s exercise of such
option increase the costs or expenses or otherwise increase or change the obligations of the
Borrowers under this Agreement.

     2.15 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 Law:

     (i) Waivers and Amendments. That 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 10.01.

     (ii) Reallocation of Payments. Any payment of principal, interest, fees or
other amounts received by the Administrative Agent for the account of that Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise,
and including any amounts made available to the Administrative Agent by that Defaulting
Lender pursuant to Section 10.08), 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 Administrative Agent hereunder; second, to the
payment on a pro rata basis of any amounts owing by that Defaulting Lender to the L/C Issuer
or Swing Line Lender hereunder; third, if so determined by the Administrative Agent or
requested by the L/C Issuer or Swing Line Lender, to be held as Cash Collateral for future
funding obligations of that Defaulting Lender of any participation in any Swing Line Loan or
Letter of Credit; fourth, as the Company 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; fifth, if so determined by the Administrative Agent and the

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Company, 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, the L/C Issuer or Swing Line Lender as a
result of any judgment of a court of competent jurisdiction obtained by any Lender, the L/C
Issuer or Swing Line 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 Borrowers as a result of
any judgment of a court of competent jurisdiction obtained by the Borrowers 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 or L/C Borrowings in respect of which that Defaulting Lender
has not fully funded its appropriate share and (y) such Loans or L/C Borrowings were made at
a time when the conditions set forth in Section 4.02 were satisfied or waived, such
payment shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all
non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any
Loans of, or L/C Borrowings 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 post Cash Collateral pursuant to this Section
2.15(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each
Lender irrevocably consents hereto.

     (iii) Certain Fees. That Defaulting Lender (x) shall not be entitled to
receive any commitment fee pursuant to Section 2.09(a) for any period during which
that Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such
fee that otherwise would have been required to have been paid to that Defaulting Lender) and
(y) shall be limited in its right to receive Letter of Credit Fees as provided in
Section 2.03(i).

     (iv) Reallocation of Applicable Percentages to Reduce Fronting Exposure.
During any period in which there is a Defaulting Lender that is a Revolving Credit Lender,
for purposes of computing the amount of the obligation of each non-Defaulting Lender that is
a Revolving Credit Lender to acquire, refinance or fund participations in Letters of Credit
or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage”
of the Revolving Credit Facility of each such non-Defaulting Lender shall be computed
without giving effect to the Revolving Credit Commitment of that Defaulting Lender;
provided, that, (i) each such reallocation shall be given effect only if, at the
date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default
exists; provided, that on any date thereafter during such period, to the extent that
such Default or Event of Default has been cured or waived, such reallocation shall occur on
such later date; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire,
refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed
the positive difference, if any, of (1) the Revolving Credit Commitment of that
non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Revolving
Credit Loans of that Lender.

     (b) Defaulting Lender Cure. If the Company, the Administrative Agent, Swing Line
Lender and the L/C Issuer agree in writing in their sole discretion that a Defaulting Lender

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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 Revolving Credit
Loans of the other Lenders or take such other actions as the Administrative Agent may determine to
be necessary to cause the Revolving Credit Loans and funded and unfunded participations in Letters
of Credit and Swing Line Loans to be held on a pro rata basis by the Lenders in accordance with
their Applicable Percentages (without giving effect to Section 2.15(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 Borrowers while
that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise
expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will
constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender.

     2.16 Increase in Commitments.

     (a) Request for Increase. Provided there exists no Default, upon notice to the
Administrative Agent (which shall promptly notify the Revolving Credit Lenders), the Company may
from time to time request an increase (each, a “Credit Increase”) in the Revolving Credit
Commitments by an amount (for all such requests) not exceeding $100,000,000; provided that any such
request for a Credit Increase shall be in a minimum amount of $10,000,000. Each request from the
Company pursuant to this Section 2.16 shall set forth the requested amount and proposed
terms of the relevant Credit Increase. Credit Increases to the Revolving Credit Commitments may be
provided by any existing Revolving Credit Lender or by any other Eligible Assignee (any such other
Eligible Assignee being called an “Additional Lender”); provided that the Company and the
Administrative Agent shall have consented to such Lender’s or Additional Lender’s providing such
Credit Increases. No Lender shall be under any obligation to provide all or any part of a Credit
Increase.

     (b) Amendment. Revolving Credit Commitments in respect of Credit Increases shall
become Revolving Credit Commitments (or in the case of a Revolving Credit Commitment to be provided
by an existing Lender, an increase in such Lender’s Revolving Credit Commitment), under this
Agreement pursuant to an amendment (an “Incremental Amendment”) to this Agreement executed
by the Borrowers, each Lender agreeing to provide such Commitment, if any, each Additional Lender,
if any, and the Administrative Agent. The Incremental Amendment may, without the consent of any
other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be
necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Company, to
effect the provisions of this Section 2.16.

     (c) Notification by Administrative Agent. The Administrative Agent shall notify the
Company and each Revolving Credit Lender of the applicable Lenders’ responses to each request made
hereunder.

     (d) Effective Date and Allocations. If the Revolving Credit Commitments are increased
in accordance with this Section, the Administrative Agent and the Company shall

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determine the effective date (the “Increase Effective Date”) and the final allocation
of such Credit Increase. The Administrative Agent shall promptly notify the Company and the
applicable Revolving Credit Lenders of the final allocation of such Credit Increase and the
Increase Effective Date.

     (e) Conditions to Effectiveness of Increase. As a condition precedent to such
increase, the Company shall deliver to the Administrative Agent a certificate of each Loan Party
dated as of the Increase Effective Date (in sufficient copies for each Revolving Credit Lender)
signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions
adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of the
Borrowers, certifying that, before and after giving effect to such increase, (A) the
representations and warranties contained in Article V and the other Loan Documents are true and
correct on and as of the Increase 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 as of
such earlier date, and except that for purposes of this Section 2.16, the representations
and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to
refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of
Section 6.01, and (B) no Default exists. The Borrowers shall prepay any Revolving Credit
Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant
to Section 3.05) to the extent necessary to keep the outstanding applicable Revolving
Credit Loans ratable with any revised Applicable Revolving Credit Percentages arising from any
nonratable increase in the Revolving Credit Commitments under this Section.

     (f) Conflicting Provisions. This Section shall supersede any provisions in
Section 2.13 or 10.01 to the contrary.

ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY

     3.01 Taxes.

     (a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i)
Any and all payments by or on account of any obligation of the respective Borrowers hereunder or
under any other Loan Document shall to the extent permitted by applicable Laws be made free and
clear of and without reduction or withholding for any Taxes. If, however, applicable Laws require
any Borrower or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld
or deducted in accordance with such Laws as determined by such Borrower or the Administrative
Agent, as the case may be, upon the basis of the information and documentation to be delivered
pursuant to subsection (e) below.

     (ii) If any Borrower or the Administrative Agent shall be required by the Code to
withhold or deduct any Taxes, including both United States Federal backup withholding and
withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or
make such deductions as are determined by the Administrative Agent to be required based upon
the information and documentation it has received pursuant to subsection (e) below, (B) the
Administrative Agent shall timely pay the full amount withheld or deducted to the relevant
Governmental Authority in accordance with

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the Code, and (C) to the extent that the withholding or deduction is made on account of
Indemnified Taxes or Other Taxes, the sum payable by such Borrower shall be increased as
necessary so that after any required withholding or the making of all required deductions
(including deductions applicable to additional sums payable under this Section) the
Administrative Agent, Lender or L/C Issuer, as the case may be, receives an amount equal to
the sum it would have received had no such withholding or deduction been made.

     (iii) If any Borrower or the Administrative Agent shall be required by any applicable
Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such
Borrower or the Administrative Agent, as required by such Laws, shall withhold or make such
deductions as are determined by it to be required based upon the information and
documentation it has received pursuant to subsection (e) below, (B) such Borrower or the
Administrative Agent, to the extent required by such Laws, shall timely pay the full amount
so withheld or deducted by it to the relevant Governmental Authority in accordance with such
Laws, and (C) to the extent that the withholding or deduction is made on account of
Indemnified Taxes or Other Taxes, the sum payable by such Borrower shall be increased as
necessary so that after any required withholding or the making of all required deductions
(including deductions applicable to additional sums payable under this Section) the
Administrative Agent, Lender or L/C Issuer, as the case may be, receives an amount equal to
the sum it would have received had no such withholding or deduction been made.

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

     (c) Tax Indemnifications. (i) Without limiting the provisions of subsection (a) or
(b) above, each Borrower shall, and does hereby, indemnify the Administrative Agent, each Lender
and the L/C Issuer, and shall make payment in respect thereof within 10 days after demand therefor,
for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other
Taxes imposed or asserted on or attributable to amounts payable under this Section) withheld or
deducted by such Borrower or the Administrative Agent or paid by the Administrative Agent, such
Lender or the L/C Issuer, as the case may be, and any penalties, interest and reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. If a
Borrower determines in its reasonable judgment that a reasonable basis exists for contesting an
Indemnified Tax or Other Tax, the Administrative Agent, any Lender, or the L/C Issuer, as the case
may be, shall reasonably cooperate with such Borrower in challenging such Indemnified Tax or Other
Tax. Each Borrower shall also, and does hereby, indemnify the Administrative Agent, and shall make
payment in respect thereof within 10 days after demand therefor, for any amount which a Lender or
the L/C Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required by
clause (ii) of this subsection. A reasonably detailed certificate as to the amount of any such
payment or liability delivered to a Borrower by a Lender or the L/C Issuer (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or
the L/C Issuer, shall be

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conclusive absent manifest error. Any such claim against a Borrower must be made within 90
days of the payment to which such claim relates.

     (ii) Without limiting the provisions of subsection (a) or (b) above, each Lender and the
L/C Issuer shall, and does hereby, indemnify each Borrower and the Administrative Agent, and
shall make payment in respect thereof within 10 days after demand therefor, against any and
all Taxes and any and all related losses, claims, liabilities, penalties, interest and
expenses (including the fees, charges and disbursements of any counsel for such Borrower or
the Administrative Agent) incurred by or asserted against such Borrower or the
Administrative Agent by any Governmental Authority as a result of the failure by such Lender
or the L/C Issuer, as the case may be, to deliver, or as a result of the inaccuracy,
inadequacy or deficiency of, any documentation required to be delivered by such Lender or
the L/C Issuer, as the case may be, to such Borrower or the Administrative Agent pursuant to
subsection (e). Each Lender and the L/C Issuer hereby authorizes the Administrative Agent
to set off and apply any and all amounts at any time owing to such Lender or the L/C Issuer,
as the case may be, under this Agreement or any other Loan Document against any amount due
to the Administrative Agent under this clause (ii). The agreements in this clause (ii)
shall survive the resignation and/or replacement of the Administrative Agent, any assignment
of rights by, or the replacement of, a Lender or the L/C Issuer, the termination of the
Revolving Credit Facility and the repayment, satisfaction or discharge of all other
Obligations.

     (d) Evidence of Payments. Upon request by a Borrower or the Administrative Agent, as
the case may be, after any payment of Taxes by such Borrower or by the Administrative Agent to a
Governmental Authority as provided in this Section 3.01, such Borrower shall deliver to the
Administrative Agent or the Administrative Agent shall deliver to such Borrower, as the case may
be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing
such payment, a copy of any return required by Laws to report such payment or other evidence of
such payment reasonably satisfactory to such Borrower or the Administrative Agent, as the case may
be.

     (e) Status of Lenders; Tax Documentation. (i) Each Lender shall deliver to the
Company and to the Administrative Agent, at the time or times prescribed by applicable Laws or when
reasonably requested by the Company or the Administrative Agent, such properly completed and
executed documentation prescribed by applicable Laws or by the taxing authorities of any
jurisdiction and such other reasonably requested information as will permit the Company or the
Administrative Agent, as the case may be, to determine (A) whether or not payments made by the
respective Borrowers hereunder or under any other Loan Document are subject to Taxes, (B) if
applicable, the required rate of withholding or deduction, and (C) such Lender’s entitlement to any
available exemption from, or reduction of, applicable Taxes in respect of all payments to be made
to such Lender by the respective Borrowers pursuant to this Agreement or otherwise to establish
such Lender’s status for withholding tax purposes in the applicable jurisdictions.

     (ii) Without limiting the generality of the foregoing, if a Borrower is resident for tax
purposes in the United States,

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     (A) any Lender that is a “United States person” within the meaning of Section
7701(a)(30) of the Code shall deliver to the Company and the Administrative Agent
executed originals of Internal Revenue Service Form W-9 or such other documentation
or information prescribed by applicable Laws or reasonably requested by the Company
on behalf of such Borrower or the Administrative Agent as will enable such Borrower
or the Administrative Agent, as the case may be, to determine whether or not such
Lender is subject to backup withholding or information reporting requirements; and

     (B) each Foreign Lender that is entitled under the Code or any applicable
treaty to an exemption from or reduction of withholding tax with respect to payments
hereunder or under any other Loan Document shall deliver to the Company and the
Administrative Agent (in such number of copies as shall be requested by the
recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the request of the
Company on behalf of such Borrower or the Administrative Agent, but only if such
Foreign Lender is legally entitled to do so), whichever of the following is
applicable:

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

     (II) executed originals of Internal Revenue Service Form W-8ECI,

     (III) executed originals of Internal Revenue Service Form W-8IMY and
all required supporting documentation,

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

     (V) executed originals of any other form prescribed by applicable Laws
as a basis for claiming exemption from or a reduction in United States
Federal withholding tax together with such supplementary documentation as
may be prescribed by applicable Laws to permit such Borrower or the
Administrative Agent to determine the withholding or deduction required to
be made.

     (iii) Each Lender shall promptly (A) notify the Company and the Administrative Agent of
any change in circumstances which would modify or render

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invalid any claimed exemption or reduction, and (B) take such steps as shall not be
materially disadvantageous to it, in the reasonable judgment of such Lender, and as may be
reasonably necessary (including the re-designation of its Lending Office) to avoid any
requirement of applicable Laws of any jurisdiction that any Borrower or the Administrative
Agent make any withholding or deduction for taxes from amounts payable to such Lender.

     (iv) If a Borrower is resident for tax purposes in the United States, each Foreign
Lender shall provide, promptly upon the reasonable demand of such Borrower or the
Administrative Agent, any information, form or document, accurately completed and in a
manner reasonably satisfactory to the requesting party, that may be required and reasonably
requested in order to allow the requesting party to make a payment under this Agreement or
the Loan Documents without any deduction or withholding for or on account of any Tax
otherwise required to be withheld or assessed under FATCA and shall (and shall cause other
persons acting on its behalf to) comply with any information gathering and reporting
requirements (including entering into any agreement with the IRS), in each case, that are
required to obtain a complete exemption from any U.S. withholding taxes with respect to
payments received by or on behalf of such Foreign Lender.

     (v) Each of the Borrowers shall promptly deliver to the Administrative Agent or any
Lender, as the Administrative Agent or such Lender shall reasonably request, on or prior to
the Closing Date (or such later date on which it first becomes a Borrower), and in a timely
fashion thereafter, such documents and forms required by any relevant taxing authorities
under the Laws of any jurisdiction, duly executed and completed by such Borrower, as are
required to be furnished by such Lender or the Administrative Agent under such Laws in
connection with any payment by the Administrative Agent or any Lender of Taxes or Other
Taxes, or otherwise in connection with the Loan Documents, with respect to such
jurisdiction.

     (f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time
shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a
Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund
of Taxes withheld or deducted from funds paid for the account of such Lender or the L/C Issuer, as
the case may be. If the Administrative Agent, any Lender or the L/C Issuer determines, in its sole
discretion, that it has received a refund or credit of any Taxes or Other Taxes as to which it has
been indemnified by any Borrower or with respect to which any Borrower has paid additional amounts
pursuant to this Section, it shall pay to such Borrower an amount equal to such refund or credit
(but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower
under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses and net of any loss or gain realized in the conversion of such funds from or
to another currency incurred by the Administrative Agent, such Lender or the L/C Issuer, as the
case may be, and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund or credit), provided that each Borrower, upon the
request of the Administrative Agent, such Lender or the L/C Issuer, agrees to repay the amount paid
over to such Borrower (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) to the

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Administrative Agent, such Lender or the L/C Issuer in the event the Administrative Agent,
such Lender or the L/C Issuer is required to repay such refund to such Governmental Authority.
This subsection shall not be construed to require the Administrative Agent, any Lender or the L/C
Issuer to make available its tax returns (or any other information relating to its taxes that it
deems confidential) to any Borrower or any other Person.

     3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that 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, on notice thereof by
such Lender to the Company through the Administrative Agent, (i) any obligation of such Lender to
make or continue Eurocurrency Rate Loans in the affected currency or currencies or, in the case of
Eurocurrency Rate Loans in Dollars, to convert Base Rate Loans to Eurocurrency Rate Loans, shall be
suspended and (ii) if such notice asserts the illegality of such Lender making or maintaining Base
Rate Loans the interest rate on which is determined by reference to the Eurocurrency Rate component
of the Base Rate, the interest rate on which Base Rate 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 Base Rate, in each case until such Lender notifies the
Administrative Agent and the Company that the circumstances giving rise to such determination no
longer exist. Upon receipt of such notice, (x) the Borrowers shall, upon demand from such Lender
(with a copy to the Administrative Agent), prepay or, if applicable and such Loans are denominated
in Dollars, convert all such Eurocurrency Rate Loans of such Lender to Base Rate Loans (the
interest rate on which the Base Rate 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 Base Rate, either on the last day of the Interest Period therefor, if such Lender
may lawfully continue to maintain such Eurocurrency Rate Loans to such day, or immediately, if such
Lender may not lawfully continue to maintain such Eurocurrency Rate 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
Base Rate applicable to such Lender without reference to the Eurocurrency Rate component thereof
until the Administrative 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. Upon any such
prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or
converted.

     3.03 Inability to Determine Rates. If the Required Lenders determine that for any reason in
connection with any request for a Eurocurrency Rate Loan or a conversion to or continuation thereof
that (a) deposits (whether in Dollars or an Alternative Currency) are not being offered to banks in
the applicable offshore interbank market for such currency for the applicable amount and Interest
Period of such Eurocurrency Rate Loan, (b) adequate and reasonable means do not exist for
determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed
Eurocurrency Rate Loan or in connection with an existing or proposed Base Rate Loan (whether
denominated in Dollars or an Alternative Currency), or (c)

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the Eurocurrency Rate for any requested Interest Period with respect to a proposed Loan does
not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative
Agent will promptly so notify the Company and each Lender. Thereafter, (x) the obligation of the
Lenders to make or maintain Eurocurrency Rate Loans in the affected currency or currencies shall be
suspended, and (y) in the event of a determination described in the preceding sentence with respect
to the Eurocurrency Rate component of the Base Rate, the utilization of the Eurocurrency Rate
component in determining the Base Rate shall be suspended, in each case until the Administrative
Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such
notice, the Company may revoke any pending request for a Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans in the affected currency or currencies or, failing that,
will be deemed to have converted such request into a request for a Revolving Credit Borrowing of
Base Rate Loans in the amount specified therein.

     3.04 Increased Costs; Reserves on Eurocurrency Rate Loans.

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

     (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for the account
of, or credit extended or participated in by, any Lender (except (A) any reserve requirement
contemplated by Section 3.04(e) and (B) the requirements of the Bank of England and
the Financial Services Authority or the European Central Bank reflected in the Mandatory
Cost, other than as set forth below) or the L/C Issuer;

     (ii) subject any Lender or the L/C Issuer to any tax of any kind whatsoever with
respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or
any Eurocurrency Rate Loan made by it, or change the basis of taxation of payments to such
Lender or the L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes
covered by Section 3.01 and the imposition of, or any change in the rate of, any
Excluded Tax payable by such Lender or the L/C Issuer);

     (iii) result in the failure of the Mandatory Cost, as calculated hereunder, to
represent the cost to any Lender of complying with the requirements of the Bank of England
and/or the Financial Services Authority or the European Central Bank in relation to its
making, funding or maintaining Eurocurrency Rate Loans; or

     (iv) impose on any Lender or the L/C Issuer or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurocurrency Rate Loans made by such
Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Loan the interest on which is determined by reference to the Eurocurrency Rate (or
of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the
L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its
obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum
received or receivable by such Lender or the L/C Issuer hereunder (whether of principal, interest
or any other amount) then, upon request of such Lender or the L/C Issuer,

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the Company will pay (or cause the applicable Designated Borrower to pay) to such Lender or the L/C
Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the
L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered.

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

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

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

     (e) Additional Reserve Requirements. The Company shall pay (or cause the applicable
Designated Borrower to pay) to each Lender, (i) as long as such Lender shall be required to
maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency
funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on
the unpaid principal amount of each Eurocurrency Rate Loan equal to the actual costs of such
reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive absent demonstrable error), and (ii) as long as such Lender shall
be required to comply with any reserve ratio requirement or analogous requirement of any central
banking or financial regulatory authority imposed in respect of the

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maintenance of the Commitments or the funding of the Eurocurrency Rate Loans (other than to
the extent required to be reimbursed pursuant to the foregoing clause (i) or as part of the
Mandatory Cost), such additional costs (expressed as a percentage per annum and rounded upwards, if
necessary, to the nearest five decimal places) equal to the actual costs allocated to such
Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination
shall be conclusive absent demonstrable error), which in each case shall be due and payable on each
date on which interest is payable on such Loan, provided the Company shall have received at
least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest
or costs from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest
Payment Date, such additional interest or costs shall be due and payable 10 days from receipt of
such notice.

     3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative
Agent) from time to time, the Company shall promptly compensate (or cause the applicable Designated
Borrower to compensate) such Lender for and hold such Lender harmless from any loss, cost or
expense incurred by it as a result of:

     (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate
Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary,
mandatory, automatic, by reason of acceleration, or otherwise);

     (b) any failure by any Borrower (for a reason other than the failure of such Lender to make a
Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in
the amount notified by the Company or the applicable Designated Borrower;

     (c) any failure by any 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; or

     (d) any assignment of a Eurocurrency Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by the Company pursuant to Section 10.13;

     excluding any loss of anticipated profits, but including any foreign exchange losses and any
loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain
such Loan, from fees payable to terminate the deposits from which such funds were obtained or from
the performance of any foreign exchange contract. The Company shall also pay (or cause the
applicable Designated Borrower to pay) any customary administrative fees charged by such Lender in
connection with the foregoing.

     For purposes of calculating amounts payable by the Company (or the applicable Designated
Borrower) to the Lenders under this Section 3.05, each Lender shall be deemed to have
funded each Eurocurrency Rate Loan made by it at the Eurocurrency Rate such Loan by a matching
deposit or other borrowing in the offshore interbank market for such currency for a comparable
amount and for a comparable period, whether or not such Eurocurrency Rate Loan was in fact so
funded.

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     3.06 Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 3.04, or any Borrower is required to pay any additional amount to any Lender,
the L/C Issuer, or any Governmental Authority for the account of any Lender or the L/C Issuer
pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02,
then such Lender or the L/C Issuer shall, as applicable, use reasonable efforts to designate a
different Lending Office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of
such Lender or the L/C Issuer, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or
eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each
case, would not subject such Lender or the L/C Issuer, as the case may be, to any unreimbursed cost
or expense and would not otherwise be disadvantageous to such Lender or the L/C Issuer, as the case
may be. The Company hereby agrees to pay (or to cause the applicable Designated Borrower to pay)
all reasonable costs and expenses incurred by any Lender or the L/C Issuer in connection with any
such designation or assignment.

     (b) Replacement of Lenders. If any Lender requests compensation under Section
3.04, or if any Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, or the
Lender is unable to lend pursuant to Section 3.02, the Company may replace such Lender in
accordance with Section 10.13.

     3.07 Survival. All of the Borrowers’ obligations under this Article III shall survive
termination of the Revolving Credit Facility, repayment of all other Obligations hereunder, and
resignation of the Administrative Agent.

ARTICLE IV.

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

     4.01 Conditions of Initial Credit Extension. The obligation of the L/C Issuer and each Lender
to make its initial Credit Extension hereunder is subject to satisfaction of the following
conditions precedent:

     (a) The Administrative Agent’s receipt of the following, each of which shall be originals or
telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a
Responsible Officer of the signing Loan Party or the Specified Designated Borrower, as applicable,
each dated the Closing Date (or, in the case of certificates of governmental officials, a recent
date before the Closing Date) and each in form and substance satisfactory to the Administrative
Agent and each of the Lenders:

     (i) executed counterparts of this Agreement, the Company Guaranty and the Domestic
Subsidiary Guaranty, each sufficient in number for distribution to the Administrative Agent,
each Lender and the Company;

     (ii) Notes executed by the Company in favor of each Lender requesting Notes;

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     (iii) such certificates of resolutions or other action, incumbency certificates and/or
other certificates of Responsible Officers of each Loan Party and the Specified Designated
Borrower as the Administrative Agent may require evidencing the identity, authority and
capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in
connection with this Agreement and the other Loan Documents to which such Loan Party or the
Specified Designated Borrower is a party;

     (iv) such documents and certifications as the Administrative Agent may reasonably
require to evidence that each Loan Party and the Specified Designated Borrower is duly
organized or formed, and that each Loan Party and the Specified Designated Borrower is
validly existing, in good standing and qualified (or in the case of the Specified Designated
Borrower, such applicable foreign equivalent) to engage in business in each jurisdiction
where its ownership, lease or operation of properties or the conduct of its business
requires such qualification, except to the extent that failure to do so could not reasonably
be expected to have a Material Adverse Effect;

     (v) favorable opinions of (i) Wilmer Cutler Pickering Hale and Dorr, LLP, counsel to
the Loan Parties, and in-house counsel to the Company, and (ii) Maddocks, Australian counsel
to the Loan Parties and the Specified Designated Borrower, each addressed to the
Administrative Agent and each Lender, as to such matters concerning the Loan Parties and the
Specified Designated Borrower, respectively, and the Loan Documents as the Administrative
Agent may reasonably request;

     (vi) a certificate of a Responsible Officer of each Loan Party and the Specified
Designated Borrower either (A) attaching copies of all consents, licenses and approvals
required in connection with the execution, delivery and performance by such Loan Party or
the Specified Designated Borrower, as applicable, and the validity against such Loan Party
or the Specified Designated Borrower of the Loan Documents to which it is a party, and such
consents, licenses and approvals shall be in full force and effect, or (B) stating that no
such consents, licenses or approvals are so required;

     (vii) a certificate signed by a Responsible Officer of the Company certifying (A) that
the conditions specified in Sections 4.02(a) and (b) have been satisfied and
(B) that there has been no event or circumstance since the date of the Audited Financial
Statements that has had or could be reasonably expected to have, either individually or in
the aggregate, a Material Adverse Effect; and (C) a calculation of the Consolidated Leverage
Ratio as of the last day of the fiscal quarter of the Company most recently ended prior to
the Closing Date;

     (viii) The Administrative Agent shall have received, in form and substance acceptable
to it, a fully executed copy of the Foreign Subsidiary Pledge Agreement and each other
applicable Foreign Subsidiary Pledge Document, together with evidence that all filings
necessary or advisable, in the reasonable judgment of the Administrative Agent, for the
perfection and priority of the Liens thereof;

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     (ix) a duly completed Compliance Certificate as of the last day of the fiscal quarter
of the Company ended on March 31, 2011, signed by a Responsible Officer of the Company;

     (x) evidence that all insurance required to be maintained pursuant to the Loan
Documents has been obtained and is in effect;

     (xi) evidence that the Existing Credit Agreements have been or concurrently with the
Closing Date are being terminated;

     (xii) a Solvency Certificate executed by the chief financial officer of the Company;

     (xiii) the financial statements referred to in Section 5.05; and

     (xiv) such other assurances, certificates, documents, consents or opinions as the
Administrative Agent, the L/C Issuer, the Swing Line Lender or the Required Lenders
reasonably may require.

     (b) All accrued fees and expenses of the Administrative Agent and the Joint Lead Arrangers
(including the reasonable fees and expenses of Jones Day, counsel for the Administrative Agent and
MLPFS), required to be paid on or before the Closing Date shall have been paid. The Borrowers
shall have paid all items due and payable under the Fee Letters on or before the Closing Date.

     (c) All Governmental Authority, shareholder and other consents and approvals necessary or, in
the opinion of the Administrative Agent, desirable in connection with the Transactions shall have
been received and shall be in full force and effect and all third party consents shall have been
received.

     (d) There shall not be any action, suit, investigation or proceeding pending or, to the
knowledge of the Company, threatened, in any court or before any arbitrator or Governmental
Authority that would reasonably be expected to have a Material Adverse Effect.

     Without limiting the generality of the provisions of the last paragraph of Section
9.03, for purposes of determining compliance with the conditions specified in this Section
4.01, 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.

     4.02 Conditions to all Credit Extensions. The obligation of each Lender to honor any Request
for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other
Type, or a continuation of Eurocurrency Rate Loans) is subject to the following conditions
precedent:

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     (a) The representations and warranties of (i) the Borrowers contained in Article V and
(ii) each Loan Party contained in each other Loan Document or in any document furnished at any time
under or in connection herewith or therewith, shall be true and correct on and as of the date of
such Credit Extension, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they shall be true and correct as of such earlier date, and
except that for purposes of this Section 4.02, the representations and warranties contained
in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent
statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01.

     (b) No Default or Event of Default shall exist, or would result from such proposed Credit
Extension or the application of the proceeds thereof.

     (c) The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall
have received a Request for Credit Extension in accordance with the requirements hereof.

     (d) If the applicable Borrower is a Designated Borrower, then the conditions of Section
2.14 to the designation of such Borrower as a Designated Borrower shall have been met to the
satisfaction of the Administrative Agent.

     (e) In the case of a Credit Extension 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 Required Revolving Credit Lenders (in the case of any Loans to be
denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to
be denominated in an Alternative Currency) would make it impracticable for such Credit Extension to
be denominated in the relevant Alternative Currency.

     Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of
Loans to the other Type or a continuation of Eurocurrency Rate Loans) submitted by the Company
shall be deemed to be a representation and warranty that the conditions specified in Sections
4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit
Extension.

     4.03 Conditions to Credit Extension to Specified Designated Borrower. The obligation of each
Lender to make its initial Credit Extension to the Specified Designated Borrower is subject to the
satisfaction of the following conditions precedent in the reasonable determination of the
Administrative Agent, and to the Administrative Agent’s notification to the Company (which shall
not be unreasonably withheld or delayed) that such conditions precedent have been satisfied:

     (a) Each of the conditions set forth in Section 4.02 shall have been satisfied.

     (b) The Administrative Agent shall have received the following, each of which shall be
originals or telecopies (followed promptly by originals) unless otherwise specified, each properly
executed by a Responsible Officer of the Specified Designated Borrower, each in form and substance
reasonably satisfactory to the Administrative Agent and the Required Revolving Credit Lenders:

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     (i) All documents that would be required to be delivered by the Specified Designated
Borrower, the Loan Parties and other Subsidiaries under Section 2.14 and Section
6.13 if the Specified Designated Borrower had become a Designated Borrower on the first
day following the Closing Date; and

     (ii) Notes executed by the Specified Designated Borrower in favor of each Lender
requesting such Notes.

ARTICLE V.

REPRESENTATIONS AND WARRANTIES

     Each Borrower represents and warrants to the Administrative Agent and the Lenders that:

     5.01 Existence, Qualification and Power. Each Loan Party and each Subsidiary thereof (a) is
duly organized or formed, validly existing and, as applicable, in good standing under the Laws of
the jurisdiction of its incorporation or organization, (b) has all requisite power and authority
and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease
its assets and carry on its business and (ii) execute, deliver and perform its obligations under
the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as
applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or
operation of properties or the conduct of its business requires such qualification or license;
except in each case referred to in clause (a) (with respect to Immaterial Subsidiaries only),
(b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect.

     5.02 Authorization; No Contravention. The execution, delivery and performance by each Loan
Party and the Specified Designated Borrower of each Loan Document to which such Person is party
have been duly authorized by all necessary corporate or other organizational action, and do not and
will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with
or result in any breach or contravention of, or the creation of any Lien under, or require any
payment to be made under (i) any Contractual Obligation to which such Person is a party or
affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any
order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such
Person or its property is subject; or (c) violate any Law in any manner that is materially adverse
to the Company and its Subsidiaries, except, in each case referred to (x) in clause (b)(i), or (y)
to the extent relating to any order, injunction, writ or decree of any Governmental Authority not
specifically relating to such Person or its property, in clause (b)(ii), to the extent that the
same could not, individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect.

     5.03 Governmental Authorization; Other Consents. No approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority or any
other Person (except as has been or will be taken in connection with, and prior to, the execution
and delivery of each such document) is necessary or required in connection with the (a) execution,
delivery or performance by, or enforcement against, any Loan Party or the Specified Designated
Borrower of this Agreement or any other Loan Document, (b) the grant by any Loan Party of the Liens
granted by it pursuant to the Foreign Subsidiary Pledge Documents

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or, (c) other than filings and registrations as have been made (or, in jurisdictions in which
it is not customary to make such filings or registrations until after the delivery of the
applicable security documentation, will be made promptly after the entry into the applicable
Foreign Subsidiary Pledge Documents), the perfection or maintenance of the Liens created under the
Foreign Subsidiary Pledge Documents (including the first priority nature thereof).

     5.04 Binding Effect. This Agreement has been, and each other Loan Document, when delivered
hereunder, will have been, duly executed and delivered by each Loan Party and the Specified
Designated Borrower that is party thereto. This Agreement constitutes, and each other Loan
Document when so delivered will constitute, a legal, valid and binding obligation of such Loan
Party or the Specified Designated Borrower, as applicable, enforceable against each Loan Party or
the Specified Designated Borrower, as applicable, that is party thereto in accordance with its
terms, except to the extent that the enforceability thereof may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors’
rights and by equitable principles (regardless of whether enforcement is sought in equity or at
law).

     5.05 Financial Statements; No Material Adverse Effect.

     (a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii)
fairly present the financial condition of the Company and its Subsidiaries as of the date thereof
and their results of operations for the period covered thereby in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; and
(iii) reflect or disclose all material indebtedness and other liabilities, direct or contingent, of
the Company and its Subsidiaries as of the date thereof, including liabilities for taxes, material
commitments and Indebtedness.

     (b) The unaudited consolidated balance sheets of the Company and its Subsidiaries dated March
31, 2011 and the related consolidated statements of income or operations, shareholders’ equity and
cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted
therein, and (ii) fairly present the financial condition of the Company and its Subsidiaries as of
the date thereof and their results of operations for the period covered thereby, subject, in the
case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments.
Schedule 5.05 sets forth all material indebtedness and other liabilities, direct or
contingent, of the Company and its consolidated Subsidiaries as of the date of such financial
statements, including liabilities for taxes, material commitments and Indebtedness, to the extent
required to be disclosed in accordance with GAAP and not set forth on the unaudited consolidated
balance sheet referred to in the previous sentence

     (c) Since the date of the Audited Financial Statements, there has been no event or
circumstance, either individually or in the aggregate, that has had or could reasonably be expected
to have a Material Adverse Effect.

     (d) The consolidated forecasted balance sheet and statements of income and cash flows of the
Company and its Subsidiaries delivered pursuant to Section 6.01(c) were prepared in

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good faith on the basis of the assumptions stated therein, which assumptions were fair in
light of the conditions existing at the time of delivery of such forecasts, and represented, at the
time of delivery, the Company’s best estimate of its future financial condition and performance.

     5.06 Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to
the knowledge of the Company, threatened, at law, in equity, in arbitration or before any
Governmental Authority, by or against the Company or any of its Subsidiaries or against any of
their properties or revenues that (a) purport to affect or pertain to this Agreement or any other
Loan Document, or any of the transactions contemplated hereby, or (b) either individually or in the
aggregate, would reasonably be expected to have a Material Adverse Effect.

     5.07 No Default. Neither any Loan Party nor any Subsidiary thereof is in default under or
with respect to any Contractual Obligation that could, either individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. No Default has occurred and is
continuing or would result from the consummation of the transactions contemplated by this Agreement
or any other Loan Document.

     5.08 Ownership of Property; Liens. Each of the Company and each Subsidiary has good record
and marketable title in fee simple to, or valid leasehold interests in, all real property necessary
or used in the ordinary conduct of its business, except for such defects in title as could not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The
property of the Company and its Subsidiaries is subject to no Liens, other than Liens permitted by
Section 7.01.

     5.09 Environmental Compliance. The Company and its Subsidiaries conduct in the ordinary
course of business a review of the effect of existing Environmental Laws and claims alleging
potential liability or responsibility for violation of any Environmental Law on their respective
businesses, operations and properties, and as a result thereof the Company has reasonably concluded
that such Environmental Laws and claims could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect.

     5.10 Insurance. The properties of the Company and its Subsidiaries are insured with
financially sound and reputable insurance companies not Affiliates of the Company, in such amounts
with such deductibles and covering such risks as are customarily carried by companies engaged in
similar businesses and owning similar properties in localities where the Company or the applicable
Subsidiary operates.

     5.11 Taxes. The Company and its Subsidiaries (a) have filed all Federal, state and other
material tax returns and reports required to be filed, and (b) have paid all Federal, state and
other material taxes, assessments, fees and other governmental charges levied or imposed upon them
or their properties, income or assets otherwise due and payable, except, in the case of this clause
(b), (i) those which are being contested in good faith by appropriate proceedings diligently
conducted and for which adequate reserves have been provided in accordance with GAAP or (ii) to the
extent that the failure to do so could not reasonably be expected to result in a Material Adverse
Effect. There is no proposed tax assessment against the Company or any Subsidiary that would, if
made, have a Material Adverse Effect. Neither any Loan Party nor any Subsidiary thereof is party
to any tax sharing agreement, other than the Tax Receivable Agreement.

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     5.12 ERISA Compliance.

     (a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Code and other Federal or state laws. Each Pension Plan that is intended to be a
qualified plan under Section 401(a) of the Code has received a favorable determination letter from
the Internal Revenue Service to the effect that the form of such Plan is qualified under Section
401(a) of the Code and the trust related thereto has been determined by the Internal Revenue
Service to be exempt from federal income tax under Section 501(a) of the Code, or an application
for such a letter is currently being processed by the Internal Revenue Service. To the best
knowledge of the Company, nothing has occurred that would prevent or cause the loss of such
tax-qualified status. The representation in this Section 5.12 are qualified, with respect
to Multiemployer Plans only, as being to the knowledge of the Company.

     (b) There are no pending or, to the best knowledge of the Company, threatened claims, actions
or lawsuits, or action by any Governmental Authority, with respect to any Plan that could
reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction
or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or
could reasonably be expected to result in a Material Adverse Effect.

     (c) (i) No ERISA Event has occurred, and neither the Company nor any ERISA Affiliate has any
knowledge of any fact, event or circumstance that could reasonably be expected to constitute or
result in an ERISA Event with respect to any Pension Plan which could reasonably be expected to
result in a Material Adverse Effect; (ii) the Company and each ERISA Affiliate has met all
applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no
waiver of the minimum funding standards under the Pension Funding Rules has been applied for or
obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target
attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and neither
the Company nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be
expected to cause the funding target attainment percentage for any such plan to drop below 60% as
of the most recent valuation date; (iv) neither the Company nor any ERISA Affiliate has incurred
any liability to the PBGC other than for the payment of premiums, and there are no premium payments
which have become due that are unpaid; and (v) neither the Borrower nor any ERISA Affiliate has
engaged in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA.

     (d) With respect to any Foreign Plan, none of the following events or conditions exists and is
continuing that, either individually or in the aggregate, would reasonably be expected to have a
Material Adverse Effect: (i) substantial non-compliance with its terms and with the requirements of
any and all applicable laws, statutes, rules, regulations and orders; (ii) failure to be
maintained, where required, in good standing with applicable regulatory authorities; (iii) any
obligation of the Company or its Subsidiaries in connection with the termination or partial
termination of, or withdrawal from, any Foreign Plan; (iv) any Lien on the property of the Company
or its Subsidiaries in favor of a Governmental Authority as a result of any action or inaction
regarding a Foreign Plan; (v) for each Foreign Plan which is a funded or insured plan, failure to
be funded or insured on an ongoing basis to the extent required by applicable non-U.S. law (using
actuarial methods and assumptions which are consistent with the valuations last filed with the
applicable Governmental Authorities) or otherwise in accordance with good practice;

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(vi) any facts that, to the knowledge of the Company or any of its Subsidiaries, exist that
would reasonably be expected to give rise to a dispute and any pending or threatened disputes that,
to the knowledge of the Company or any of its Subsidiaries, would reasonably be expected to result
in a material liability to the Company or any of its Subsidiaries concerning the assets of any
Foreign Plan (other than individual claims for the payment of benefits); (vii) failure to make all
contributions in a timely manner to the extent required by applicable non-U.S. law and (viii) any
failure to obtain or retain approval or qualification by and/or due registration with the
appropriate taxation, social security, supervisory, fiscal or other applicable governmental
entities in the relevant state or jurisdiction, in order to obtain tax approved, favoured or
qualified status in the relevant jurisdiction.

     5.13 Subsidiaries; Equity Interests. As of the Closing Date, (a) the Company has no
Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13, and all
of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid
and nonassessable and are owned in the amounts specified on Part (a) of Schedule 5.13 free
and clear of all Liens except those created under the Foreign Subsidiary Pledge Agreement. The
Company has no equity investments in any other corporation or entity other than those specifically
disclosed in Part(b) of Schedule 5.13. All of the outstanding Equity Interests in the
Company have been validly issued, and are fully paid and nonassessable. The Organization Documents
of companies whose Equity Interests are subject to Liens pursuant to the Collateral Documents do
not and could not restrict or inhibit any transfer of such Equity Interests or creation or
enforcement of such Liens.

     5.14 Margin Regulations; Investment Company Act.

     (a) No part of the proceeds of any Loan will be used in a manner that would result in a
violation of Regulation U or any of the other Regulations of the FRB. If requested by any Lender
or the Administrative Agent, the Company will furnish to the Administrative Agent and each Lender a
statement to the forgoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1,
as applicable, referred to in Regulation U.

     (b) None of the Company, any Person Controlling the Company, or any Subsidiary is or is
required to be registered as an “investment company” under the Investment Company Act of 1940.

     5.15 Disclosure. The Company has, either directly or as attached to the Company’s disclosures
filed with the SEC on form 10-K or 10-Q disclosed to the Administrative Agent and the Lenders all
agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries
is subject that, individually or in the aggregate, could reasonably be expected to result in a
Material Adverse Effect. No report, financial statement, certificate or other information
furnished (whether in writing or orally) by or on behalf of any Loan Party or the Specified
Designated Borrower to the Administrative Agent or any Lender in connection with the transactions
contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other
Loan Document (in each case, 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, with respect to projected financial

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information, the Company represents only that such information was prepared in good faith
based upon assumptions believed to be reasonable at the time.

     5.16 Compliance with Laws. Each Loan Party and each Subsidiary thereof is in compliance in
all material respects with the requirements of all Laws and all orders, writs, injunctions and
decrees applicable to it or to its properties, except in such instances in which (a) such
requirement of Law or order, writ, injunction or decree is being contested in good faith by
appropriate proceedings diligently conducted or (b) the failure to comply therewith, either
individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect.

     5.17 Taxpayer Identification Number; Other Identifying Information. The true and correct U.S.
taxpayer identification number of the Company and each Designated Borrower that is a Domestic
Subsidiary and a party hereto on the Closing Date is set forth on Schedule 10.02. The true
and correct unique identification number of the Specified Designated Borrower that has been issued
by its jurisdiction of organization and the name of such jurisdiction are set forth on Schedule
5.17.

     5.18 Intellectual Property; Licenses, Etc. The Company and its Subsidiaries own, or possess
the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent
rights, franchises, licenses and other intellectual property rights (collectively, “IP
Rights”) that are reasonably necessary for the operation of their respective businesses,
without conflict with the rights of any other Person. Except for instances that could not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, no
slogan or other advertising device, product, process, method, substance, part or other material now
employed, or now contemplated to be employed, by the Company or any Subsidiary infringes upon any
rights held by any other Person. No claim or litigation regarding any of the foregoing is pending
or, to the best knowledge of the Company, threatened, which, either individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect.

     5.19 Representations as to Foreign Loan Parties and the Specified Designated Borrower. As to
each Foreign Loan Party and the Specified Designated Borrower:

     (a) Such Foreign Loan Party or the Specified Designated Borrower is subject to civil and
commercial Laws with respect to its obligations under this Agreement and the other Loan Documents
to which it is a party (collectively as to such Foreign Loan Party or the Specified Designated
Borrower, the “Applicable Foreign Loan Party Documents”), and the execution, delivery and
performance by such Foreign Loan Party or the Specified Designated Borrower of the Applicable
Foreign Loan Party Documents constitute and will constitute private and commercial acts and not
public or governmental acts. Neither such Foreign Loan Party, the Specified Designated Borrower,
nor any of its respective 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 Loan
Party or the Specified Designated Borrower is organized and existing in respect of its obligations
under the Applicable Foreign Loan Party Documents;

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     (b) The Applicable Foreign Loan Party Documents are in proper legal form under the Laws of the
jurisdiction in which such Foreign Loan Party or the Specified Designated Borrower is organized and
existing for the enforcement thereof against such Foreign Loan Party or the Specified Designated
Borrower, as applicable, under the Laws of such jurisdiction, and to ensure the legality, validity,
enforceability, priority or admissibility in evidence of the Applicable Foreign Loan Party
Documents. It is not necessary to ensure the legality, validity, enforceability, priority or
admissibility in evidence of the Applicable Foreign Loan Party Documents that the Applicable
Foreign Loan Party Documents be filed, registered or recorded with, or executed or notarized
before, any court or other authority in the jurisdiction in which such Foreign Loan Party or the
Specified Designated Borrower is organized and existing or that any registration charge or stamp or
similar tax be paid on or in respect of the Applicable Foreign Loan Party 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 Loan Party 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 Loan Party or the Specified Designated Borrower is organized and existing either (i)
on or by virtue of the execution or delivery of the Applicable Foreign Loan Party Documents or (ii)
on any payment to be made by such Foreign Loan Party pursuant or the Specified Designated Borrower
to the Applicable Foreign Loan Party Documents, except as has been disclosed to the Administrative
Agent;

     (d) For the purposes of The Council of the European Union Regulation No. 1346/2000 on
Insolvency Proceedings (the “Regulations”), such Foreign Loan Party’s or the Specified
Designated Borrower’s centre of main interest (as that term is used in Article 3(1) of the
Regulations) is situated in its jurisdiction of incorporation and it has no “establishment” (as
that term is used in Article 2(h) of the Regulations) in any other jurisdiction;

     (e) The choice of governing law of the Applicable Foreign Loan Party Documents will be
recognized and enforced in its Relevant Jurisdiction;

     (f) Any judgment obtained in relation to an Applicable Foreign Loan Party Document in the
jurisdiction of the governing law of such Applicable Foreign Loan Party Document will be recognized
and enforced in its Relevant Jurisdiction.

     (g) The execution, delivery and performance of the Applicable Foreign Loan Party Documents
executed by such Foreign Loan Party or the Specified Designated Borrower are, under applicable
foreign exchange control regulations of the jurisdiction in which such Foreign Loan Party 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).

     5.20 Solvency. Each of (a) the Company and its Subsidiaries, on a consolidated basis, and (b)
WEX Bank, on a stand-alone basis, is Solvent.

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     5.21 Collateral Documents. The provisions of the Collateral Documents are effective to create
in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and
enforceable first priority Lien of the type purported to be granted pursuant to the Collateral
Documents on all right, title and interest of the respective Loan Parties in the Collateral
described therein and such Collateral it not subject to any Lien with a priority that is prior to
or pari passu with the first priority Lien of the type granted to the Secured Parties pursuant to
the Collateral Documents. Except for filings completed prior to the Closing Date and as
contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to
perfect or protect such Liens.

ARTICLE VI.

AFFIRMATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the
Company shall, and shall (except in the case of the covenants set forth in Sections 6.01,
6.02, and 6.03) cause each Subsidiary to:

     6.01 Financial Statements. Deliver to the Administrative Agent and each Lender, in form and
detail satisfactory to the Administrative Agent and the Required Lenders:

     (a) as soon as available, but in any event within 90 days (or, in the case of clause (iii)
below, within 120 days) after the end of each fiscal year of the Company:

     (i) a consolidated balance sheet of the Company and its Subsidiaries as at the end of
such fiscal year, and the related consolidated statements of income or operations,
shareholders’ equity and cash flows for such fiscal year, setting forth in each case in
comparative form the figures for the previous fiscal year, all in reasonable detail and
prepared in accordance with GAAP, audited and accompanied by a report and opinion of an
independent certified public accountant of nationally recognized standing, which report and
opinion shall be prepared in accordance with generally accepted auditing standards and shall
not be subject to any “going concern” or like qualification or exception or any
qualification or exception as to the scope of such audit;

     (ii) the unaudited balance sheet of the Company (on a stand-alone basis) and related
unaudited 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 as of the end of
and for the previous fiscal year, in reasonable detail, certified by the chief executive
officer, chief financial officer, treasurer or controller of the Company as presenting
fairly in all material respects the financial condition and results of operations of the
Company in accordance with GAAP consistently applied; and

     (iii) the audited consolidated balance sheet and related consolidated statements of
operations, stockholders’ equity and cash flows of WEX Bank and its consolidated
subsidiaries as of the end of and for such year, setting forth in each case in comparative
form the figures as of the end of and for the previous fiscal year, all reported on by

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Deloitte & Touche LLP or other independent public accountants of recognized national
standing;

From and after the date on which each Designated Borrower is designated and accepted hereunder (or,
in the case of the Specified Designated Borrower, from and after the date on which the Specified
Designated Borrower becomes a Designated Borrower), all financial statements shall include
unaudited consolidated balance sheets, and the related consolidated statements of income or
operations, shareholders’ equity and cash flows, for such fiscal year showing the consolidated
financial position and results of operations of such Designated Borrower and its respective
Subsidiaries on a stand-alone basis.

     (b) as soon as available, but in any event within 45 days after the end of each of the first
three fiscal quarters of each fiscal year of the Company:

     (i) a consolidated balance sheet of the Company and its Subsidiaries as at the end of
such fiscal quarter, and the related consolidated statements of income or operations,
shareholders’ equity and cash flows for such fiscal quarter and for the portion of the
Company’s fiscal year then ended, setting forth in each case in comparative form the figures
for the corresponding fiscal quarter of the previous fiscal year and the corresponding
portion of the previous fiscal year, all in reasonable detail, certified by the chief
executive officer, chief financial officer, treasurer or controller of the Company as fairly
presenting the financial condition, results of operations, shareholders’ equity and cash
flows of the Company and its Subsidiaries in accordance with GAAP, subject only to normal
year-end audit adjustments and the absence of footnotes; and

     (ii) the unaudited balance sheet of the Company (on a stand-alone basis) as of the end
of such fiscal quarter and related unaudited 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 as of the end of and for the previous fiscal year, certified by the chief
executive officer, chief financial officer, treasurer or controller of the Company as
presenting fairly in all material respects the financial condition and results of operations
of the Company in accordance with GAAP, subject only to normal year-end audit adjustments
and the absence of footnotes.

From and after the date on which each Designated Borrower is designated and accepted hereunder (or,
in the case of the Specified Designated Borrower, from and after the date on which the Specified
Designated Borrower becomes a Designated Borrower), all such financial statements shall include
consolidated balance sheets, and the related consolidated statements of income or operations,
shareholders’ equity and cash flows for such fiscal quarter and for the portion of the fiscal year
then ended, showing the consolidated financial position and results of operations of such
Designated Borrower and its respective Subsidiaries on a stand-alone basis.

     (c) as soon as available, but in any event within the period within which WEX Bank is required
to deliver its quarterly call report with the FDIC after the end of each of the first three fiscal
quarters of each fiscal year of WEX Bank, its call report and related schedules, all certified by
its chief financial officer as having been prepared in accordance with FDIC requirements; and

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     (d) as soon as available, but in any event at least 90 days after the beginning of each fiscal
year of the Company, forecasts prepared by management of the Company, in form satisfactory to the
Administrative Agent and the Required Lenders, of consolidated balance sheets and statements of
income or operations and cash flows of the Company and its Subsidiaries on a quarterly basis for
such fiscal year (including the fiscal year in which the Maturity Date occurs).

     As to any information contained in materials furnished pursuant to Section 6.02(c),
the Company shall not be separately required to furnish such information under clause (a) or (b)
above, but the foregoing shall not be in derogation of the obligation of the Company to furnish the
information and materials described in clauses (a) and (b) above at the times specified therein.

     6.02 Certificates; Other Information.

     Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the
Administrative Agent and the Required Lenders:

     (a) concurrently with the delivery of the financial statements referred to in Section
6.01(a), and to the extent not constituting part of the report, its independent certified
public accountants pursuant to Section 6.01(a), a certificate of it independent certified
public accountants certifying such financial statements;

     (b) concurrently with the delivery of the financial statements referred to in Sections
6.01(a) and (b), a duly completed Compliance Certificate signed by the chief executive
officer, chief financial officer, treasurer or controller of the Company;

     (c) promptly after the same are available, copies of each annual report, proxy or financial
statement or other report or communication sent to the stockholders of the Company, and copies of
all annual, regular, periodic and special reports and registration statements which the Company may
file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act
of 1934, and not otherwise required to be delivered to the Administrative Agent pursuant hereto;

     (d) promptly, and in any event within five Business Days after receipt thereof by any Loan
Party or any Subsidiary thereof, copies of each notice or other correspondence received from the
SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or
possible investigation or other inquiry by such agency (excluding routine comments and
correspondence from such agency) regarding financial or other operational results of any Loan Party
or any Subsidiary thereof; and

     (e) promptly, such additional information regarding the business, financial or corporate
affairs of the Company or any Subsidiary, or compliance with the terms of the Loan Documents, as
the Administrative Agent or any Lender may from time to time reasonably request.

     Documents required to be delivered pursuant to Section 6.01(a) or (b) or
Section 6.02(c) (to the extent any such documents are included in materials otherwise filed
with the SEC) may

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be delivered electronically and if so delivered, shall be deemed to have been delivered on the
date (i) on which the Company posts such documents, or provides a link thereto on the Company’s
website on the Internet at the website address listed on Schedule 10.02; or (ii) on which
such documents are posted on the Company’s behalf on an Internet or intranet website, if any, to
which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent); provided that: (i) the Company
shall deliver paper copies of such documents to the Administrative Agent or any Lender that
requests the Company to deliver such paper copies until a written request to cease delivering paper
copies is given by the Administrative Agent or such Lender and (ii) the Company shall notify the
Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any such
documents and provide to the Administrative Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every
instance the Company shall be required to provide paper copies of the Compliance Certificates
required by Section 6.02(b) to the Administrative Agent. Except for such Compliance
Certificates, the Administrative Agent shall have no obligation to request the delivery or to
maintain copies of the documents referred to above, and in any event shall have no responsibility
to monitor compliance by the Company with any such request for delivery, and each Lender shall be
solely responsible for requesting delivery to it or maintaining its copies of such documents.

     Each Borrower hereby acknowledges that (a) the Administrative Agent and/or MLPFS will make
available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf
of such Borrower hereunder (collectively, “Borrower Materials”) by posting the 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 any of the Borrowers or their respective
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 Persons’ securities. Each
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 Borrowers shall be deemed to have authorized the Administrative Agent, MLPFS, the L/C
Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public
information (although it may be sensitive and proprietary) with respect to the Borrowers or their
respective 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 10.07); (y) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform
designated “Public Side Information;” and (z) the Administrative Agent and MLPFS shall be entitled
to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on
a portion of the Platform not designated “Public Side Information.” Notwithstanding the foregoing,
no Borrower shall be under any obligation to mark any Borrower Materials “PUBLIC.”

     6.03 Notices. Promptly notify the Administrative Agent and (except in the case of subsection
(e) below) each Lender:

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     (a) of the occurrence of any Default;

     (b) of any matter that has resulted or could reasonably be expected to result in a Material
Adverse Effect;

     (c) of any dispute, litigation, investigation, proceeding or suspension between the Company or
any Subsidiary and any Governmental Authority;

     (d) of the occurrence of any ERISA Event that could reasonably be expected to have a Material
Adverse Effect;

     (e) of the incurrence or issuance of any Indebtedness by any Loan Party or any of their
Subsidiaries (other than WEX Bank) in an original principal amount of greater than $25,000,000 that
is not promptly disclosed on Form 8-K filed with the SEC; and

     (f) of any material change in accounting policies or financial reporting practices by the
Company or any Subsidiary, including any determination by the Company referred to in Section
2.10(b).

     Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a
Responsible Officer of the Company setting forth details of the occurrence referred to therein and
stating what action the Company has taken and proposes to take with respect thereto. Each notice
pursuant to Section 6.03(a) shall describe with particularity any and all provisions of
this Agreement and any other Loan Document that have been breached.

     6.04 Payment of Obligations. Pay and discharge as the same shall become due and payable, all
its material obligations and liabilities which if not paid could reasonably be expected to have a
Material Adverse Effect, unless the same are being contested in good faith by appropriate
proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained
by the Company or such Subsidiary; and (b) all lawful claims which, if unpaid, would by law become
a Lien upon its property; other than the Liens permitted under Section 7.01.

     6.05 Preservation of Existence, Etc. Preserve, renew and maintain in full force and effect
its legal existence and good standing under the Laws of the jurisdiction of its organization except
in a transaction permitted by Section 7.04 or 7.05; (b) take all reasonable action
to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the
normal conduct of its business, except to the extent that failure to do so could not reasonably be
expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered
patents, trademarks, trade names and service marks, the non-preservation of which could reasonably
be expected to have a Material Adverse Effect.

     6.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its material
properties and equipment necessary in the operation of its business in good working order and
condition, ordinary wear and tear excepted; and (b) make all necessary repairs thereto and renewals
and replacements thereof except, in each case, where the failure to do so could not reasonably be
expected to have a Material Adverse Effect.

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     6.07 Maintenance of Insurance. Maintain with financially sound and reputable insurance
companies not Affiliates of the Company, insurance with respect to its properties and business
against loss or damage of the kinds customarily insured against by Persons engaged in the same or
similar business, of such types and in such amounts as are customarily carried under similar
circumstances by such other Persons.

     6.08 Compliance with Laws. Comply in all material respects with the requirements of all Laws
and all orders, writs, injunctions and decrees applicable to it or to its business or property,
except in such instances in which (a) such requirement of Law or order, writ, injunction or decree
is being contested in good faith by appropriate proceedings diligently conducted; or (b) the
failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

     6.09 Books and Records. Maintain proper books of record and account, in which full, true and
correct entries in conformity with GAAP consistently applied shall be made of all financial
transactions and matters involving the assets and business of the Company or such Subsidiary, as
the case may be; and (b) maintain such books of record and account in material conformity with all
applicable requirements of any Governmental Authority having regulatory jurisdiction over the
Company or such Subsidiary, as the case may be.

     6.10 Inspection Rights. Permit representatives and independent contractors of the
Administrative Agent and each Lender to visit and inspect any of its properties, to examine its
corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to
discuss its affairs, finances and accounts with its directors, officers, and independent public
accountants, all at the expense of the Company and at such reasonable times during normal business
hours and as often as may be reasonably desired, upon reasonable advance notice to the Company;
provided, that neither the Administrative Agent nor any Lender may exercise such rights of
inspection under this Section 6.10 more often than two (2) times during any calendar year
absent the existence of an Event of Default; provided, further, that when an Event of
Default exists the Administrative Agent or any Lender (or any of their respective representatives
or independent contractors) may do any of the foregoing at the expense of the Company at any time
during normal business hours and without advance notice.

     6.11 Use of Proceeds. Use the proceeds of the Credit Extensions (i) to refinance Indebtedness
existing under the Existing Credit Agreement, and (ii) for working capital purposes, acquisitions,
Restricted Payments, the refinancing of Indebtedness and other general corporate purposes, in each
case, not in contravention of any Law or of any Loan Document.

     6.12 Approvals and Authorizations. Maintain all authorizations, consents, approvals and
licenses from, exemptions of, and filings and registrations with, each Governmental Authority of
the jurisdiction in which each Foreign Loan Party is organized and existing, and all approvals and
consents of each other Person in such jurisdiction, in each case that are required in connection
with the Loan Documents.

     6.13 Additional Guarantors; Pledge; Redesignation of Immaterial Subsidiaries.

     (a) The Company will cause any Person that becomes a Domestic Subsidiary after the date
hereof (other than an Excluded Domestic Guaranty Subsidiary), and each Domestic Subsidiary

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that ceases to be an Excluded Domestic Guarantee Subsidiary, (i) to execute and deliver to the
Administrative Agent, within 10 Business Days after the date such Person first becomes a Domestic
Subsidiary or ceases to be an Excluded Domestic Guaranty Subsidiary (or such later date as the
Administrative Agent may allow in its sole discretion), a supplement to the Domestic Subsidiary
Guaranty, in form and substance satisfactory to the Administrative Agent, and (ii) concurrently
with the delivery of such supplement, to deliver to the Administrative Agent (x) evidence of action
of such Person’s board of directors or other governing body authorizing the execution, delivery and
performance thereof and (y) a favorable written opinion of counsel for such Person, in form and
substance reasonably satisfactory to the Administrative Agent and covering such matters relating to
such Person and the Domestic Subsidiary Guaranty as the Administrative Agent may reasonably
request.

     (b) The Company will cause any Person that becomes a Foreign Subsidiary after the date hereof
(other than an Excluded Foreign Guaranty Subsidiary), and each Foreign Subsidiary that ceases to be
an Excluded Foreign Guaranty Subsidiary, (i) to execute and deliver to the Administrative Agent,
within 10 Business Days (or, if additional time is necessary under applicable Law, 30 days) after
the date such Person first becomes a Foreign Subsidiary or ceases to be an Excluded Foreign
Guaranty Subsidiary (or such later date as the Administrative Agent may allow in its sole
discretion), a Foreign Subsidiary Guaranty in form and substance satisfactory to the Administrative
Agent, and (ii) concurrently with the delivery of such Foreign Subsidiary Guaranty, to deliver to
the Administrative Agent (x) evidence of action of such Person’s board of directors or other
governing body authorizing the execution, delivery and performance thereof and (y) a favorable
written opinion of counsel for such Person, in form and substance reasonably satisfactory to the
Administrative Agent and covering such matters relating to such Person and such Foreign Subsidiary
Guaranty, as the Administrative Agent may reasonably request.

     (c) Promptly, and in any event within 10 Business Days (or, if additional time is necessary
under applicable Law, 30 days) (or by such later date as the Administrative Agent may allow in its
sole discretion) of the acquisition or formation by any Loan Party (other than a Foreign
Subsidiary) of a Foreign Subsidiary that is not an Excluded Pledge Subsidiary, or of any Foreign
Subsidiary ceasing to be an Excluded Pledge Subsidiary, the Company shall cause each Loan Party
that owns Equity Interests in such Foreign Subsidiary, if such Loan Party is not already a party to
the Foreign Subsidiary Pledge Agreement, to execute and deliver to the Administrative Agent (i) a
supplement to the Foreign Subsidiary Pledge Agreement, in form and substance satisfactory to the
Administrative Agent, (ii) such other Foreign Subsidiary Pledge Documents as may be necessary, in
the reasonable judgment of the Administrative Agent, to effect a pledge to the Administrative
Agent, for the benefit of the Secured Parties, of up to 65% of each class of the outstanding Equity
Interests of such Foreign Subsidiary, (iii) evidence that all corporate action required to be taken
in connection therewith has been taken and (iv) a favorable written opinion of counsel in each
applicable jurisdiction as to the effectiveness of such pledge and such other matters as the
Administrative Agent may reasonably request.

     (d) If, as of any date of determination, all Immaterial Subsidiaries, together with their
respective subsidiaries, account for more than 10% of Consolidated Total Assets, 10% of
Consolidated Net Worth or 10% of the consolidated revenues of the Company for the period of four
consecutive fiscal quarters immediately preceding the date of determination, then the

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Company shall so notify the Administrative Agent, and shall, within 10 days of such notice,
redesignate Immaterial Subsidiaries as Material Subsidiaries so that all Immaterial Subsidiaries
and their respective Subsidiaries comply with the proviso to the definition of “Immaterial
Subsidiary”.

     6.14 Compliance with Regulatory Requirements. With respect to WEX Bank or any other
Subsidiary which is a regulated bank, (i) comply with all minimum capital ratios and guidelines,
including without limitation, risk-based capital guidelines and capital leverage regulations (as
may from time to time be prescribed by regulation or enforceable order of the FDIC or other federal
or state regulatory authorities having jurisdiction over such Person), and within such ratios and
guidelines be “well-capitalized” and (ii) at all times comply with applicable financial institution
regulations and requirements with respect to capital adequacy.

     6.15 Post Closing Covenant. Within five (5) Business Days after the Closing Date (or by such
later date as the Administrative Agent may agree in its sole discretion), the Company shall deliver
to the Administrative Agent certificates evidencing the collateral pledged under the Foreign
Subsidiary Pledge Documents on the Closing Date, accompanied by stock or other appropriate transfer
powers endorsed in blank.

ARTICLE VII.

NEGATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the
Company shall not, nor shall it permit any Subsidiary (other than WEX Bank, in the case of
Sections 7.02, 7.03, 7.06, 7.08 and 7.12) to,
directly or indirectly:

     7.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property,
assets or revenues, whether now owned or hereafter acquired, other than the following:

     (a) Liens pursuant to any Loan Document;

     (b) Liens existing on the date hereof and listed on Schedule 7.01 and any renewals or
extensions thereof, provided that (i) the property covered thereby is not changed, (ii) the
amount secured or benefited thereby is not increased except as contemplated by Section
7.03(b), (iii) the direct or any contingent obligor with respect thereto is not changed, and
(iv) any renewal or extension of the obligations secured or benefited thereby is permitted by
Section 7.03(b);

     (c) Liens for taxes not yet due or which are being contested in good faith and by appropriate
proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the
books of the applicable Person in accordance with GAAP;

     (d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens
arising in the ordinary course of business which are not overdue for a period of more than 30 days
or which are being contested in good faith and by appropriate proceedings diligently conducted, if
adequate reserves with respect thereto are maintained on the books of the applicable Person;

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     (e) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation, other than any Lien
imposed by ERISA;

     (f) deposits to secure the performance of bids, trade contracts and leases (other than
Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other
obligations of a like nature incurred in the ordinary course of business;

     (g) easements, rights-of-way, restrictions and other similar encumbrances affecting real
property which, in the aggregate, are not substantial in amount, and which do not in any case
materially detract from the value of the property subject thereto or materially interfere with the
ordinary conduct of the business of the applicable Person;

     (h) Liens securing judgments for the payment of money not constituting an Event of Default
under Section 8.01(h);

     (i) Liens securing Indebtedness permitted under Section 7.03(g); provided
that, (i) in the case of Indebtedness permitted under Section 7.03(g)(i), (A) such Liens do
not at any time encumber any property other than the property financed by such Indebtedness and (B)
the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower,
of the property being acquired on the date of acquisition, and (ii) in the case of Indebtedness
permitted under Section 7.03(g)(ii), such Liens do not attach to all assets of the Company
or any Subsidiary thereof or otherwise constitute “blanket” Liens, but instead attach only to
specific items of property (and not to accounts);

     (j) Liens existing on any property or asset acquired in a Permitted Acquisition or existing on
any property or asset of any Person that becomes a Subsidiary after the date hereof prior to the
time such Person becomes a Subsidiary; provided that (i) such Lien is not created in
contemplation of or in connection with such Permitted Acquisition or such Person become a
Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or assets of
the Company or any Subsidiary; and (iii) such Lien shall secure only those obligations which it
secures on the date of such Permitted Acquisition or the date such Person becomes a Subsidiary, as
the case may be and extensions, renewals and replacements thereof that do not increase the
outstanding principal amount thereof and any Indebtedness secured by such Liens is permitted under
Section 7.03(h);

     (k) Liens on any property or assets of the Company or any Subsidiary in favor of WEX Bank
securing obligations between WEX Bank and the Company or any Subsidiary not exceeding in the
aggregate (i) $30,000,000 in 2011 and (ii) in each fiscal year thereafter, the amount which is ten
percent in excess of the aggregate principal amount permitted in the prior fiscal year;

     (l) Liens incurred by WEX Bank in the ordinary course of its business in connection with the
issuance of certificates of deposit, escrow deposits in the form of money market deposits, customer
deposits and borrowed federal funds;

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     (m) Liens attaching to any deposit accounts in which cash collateral in an aggregate amount
not to exceed $15,000,000 has been provided in connection with hedging agreements entered into in
the ordinary course of business and not for speculative purposes;

     (n) Liens existing or deemed to exist in connection with any Permitted Securitization
Transaction, but only to the extent that any such Lien relates to the applicable Securitization
Assets sold, contributed, financed or otherwise conveyed or pledged pursuant to such transactions;
and

     (o) Liens securing only Indebtedness permitted under Section 7.03(m), provided
that such liens shall not apply to the assets or property of any Loan Party or of the Company or
any Subsidiary other than the RD Entities.

     7.02 Investments. Make any Investments, except:

     (a) Investments held by the Company or such Subsidiary in the form of Cash Equivalents;

     (b) (i) advances to officers, directors and employees of the Company and its Subsidiaries in
an aggregate amount not to exceed $500,000 at any time outstanding, for travel, entertainment,
relocation and analogous ordinary business purposes and (ii) advances of payroll payments in the
ordinary course of business;

     (c) Investments of (i) any Domestic Loan Party in any other Domestic Loan Party, (ii) any
Foreign Loan Party in any other Loan Party or (iii) any Subsidiary that is not a Loan Party in the
Company or any of its Subsidiaries;

     (d) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors to the extent reasonably necessary in order to prevent or limit loss;

     (e) Guarantees permitted by Section 7.03;

     (f) Investments of (i) any Domestic Loan Party in any Foreign Loan Party or (ii) any Loan
Party in a Subsidiary other than a Loan Party; provided that the aggregate amount of all
Investments permitted by this clause (f), together with (but without duplication of) Indebtedness
permitted by Section 7.03(e), shall not exceed $200,000,000 (or, from and after the first
date after the Closing Date on which the Company has delivered a Compliance Certificate showing
that the Consolidated Leverage Ratio has been not greater than 1.75:1.00 for four-quarter periods
ending on two consecutive fiscal quarters, $400,000,000) at any time outstanding;

     (g) Investments constituting short-term advances to WEX Bank in an aggregate outstanding
amount not to exceed $50,000,000 at any time, provided that each such advance shall be
repaid, and the outstanding amount of Investments made in reliance on this subsection (g) reduced
to zero for one full Business Day, within 30 days of such advance;

     (h) Investments constituting Permitted Acquisitions;

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     (i) Investments consisting of fundamental changes and Restricted Payments permitted under
Sections 7.04 and 7.06, respectively;

     (j) Investments outstanding on the Closing Date and listed on Schedule 7.02 and any
renewal or extension thereof so long as the amount of such Investment is not increased thereby;

     (k) Investments by the Company and its Subsidiaries existing on the date hereof in the capital
stock of their respective Subsidiaries;

     (l) Investments in Swap Contracts permitted under Section 7.03(f);

     (m) Investments in the ordinary course of business consisting of (i) endorsements for
collection or deposit, (ii) customary trade arrangements with customers consistent with past
practices or (iii) guarantees of leases, or other obligations not constituting Indebtedness, of the
Company or any Subsidiary;

     (n) Investments received in connection with the bankruptcy or reorganization of, or settlement
of delinquent accounts and disputes with, customers, suppliers or any other Person;

     (o) Investments received as part of a redemption or payment of or for, as a dividend on, or as
a distribution in respect of, other Investments permitted by this Section;

     (p) additional Investments made from time to time to the extent made with proceeds of
Qualified Stock of the Company;

     (q) Investments of a Subsidiary acquired after the Closing Date or of a Person merged into or
consolidated with the Company or any Subsidiary in accordance with Section 7.04 after the
Closing Date to the extent that such Investments were not made in contemplation of or in connection
with such acquisition, merger or consolidation and were in existence on the date of such
acquisition, merger or consolidation;

     (r) Investments constituting loans and other extensions of credit made to customers of WEX
Bank pursuant to one or more participation agreements with WEX Bank in an aggregate amount not
exceeding (i) $60,000,000 in 2011 and (ii) in each fiscal year thereafter, the amount which is
twenty percent in excess of the aggregate principal amount permitted in the prior fiscal year.

     (s) Investments constituting loans and other extensions of credit made to customers of the
Company and its Subsidiaries’ co-branded relationship;

     (t) Investments in connection with pledges, deposits, payments or performance bonds made or
given in the ordinary course of business in connection with or to secure statutory, regulatory or
similar obligations including obligations under insurance, health, disability, safety or
environmental obligations;

     (u) Investments by the Company or its Subsidiaries in accounts receivable owing to them, if
created or acquired in the ordinary course of business and payable in accordance with

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customary trade terms (including the dating of accounts receivable and extensions of payments
in the ordinary course of business);

     (v) Investments arising out of the receipt by the Company or any Subsidiary of non-cash
consideration for transactions permitted under Section 7.05;

     (w) Investments in a Permitted Securitization Entity required for capitalization from time to
time of such Permitted Securitization Entity or in connection with a contribution, sale or other
transfer of Securitization Assets to such Permitted Securitization Entity pursuant to or in
connection with a Permitted Securitization Transaction;

     (x) Investments constituting ordinary-course transfer pricing liabilities among the Company
and its Subsidiaries; and

     (y) other Investments not exceeding $25,000,000 in the aggregate in any fiscal year of the
Company.

     7.03 Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except:

     (a) Indebtedness under the Loan Documents;

     (b) Indebtedness outstanding on the date hereof and listed on Schedule 7.03 and any
refinancings, refundings, renewals or extensions thereof; provided that any such
refinancing, refunding, renewal or extension shall not (i) increase the amount of such Indebtedness
except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and
expenses reasonably incurred, in connection with such refinancing and by an amount equal to any
existing commitments unutilized, (ii) shorten the maturity of such Indebtedness or (iii) change the
obligors with respect thereto;

     (c) Indebtedness of (i) any Domestic Loan Party to any other Loan Party, (ii) any Foreign Loan
Party to any other Foreign Loan Party or (iii) any Subsidiary that is not a Loan Party to any other
Subsidiary that is not a Loan Party;

     (d) Guarantees by (i) any Domestic Loan Party of Indebtedness of any other Domestic Loan
Party, (ii) any Foreign Loan Party of Indebtedness of any other Loan Party or (iii) Subsidiary that
is not a Loan Party of Indebtedness of the Company or any of its Subsidiaries, provided
that any Guarantee by a Loan Party of Indebtedness that is subordinated to the Obligations shall be
subordinated to the Obligations to the same extent as such Guaranteed Indebtedness;

     (e) Indebtedness of (i) any Foreign Loan Party to any Domestic Loan Party or of any Subsidiary
other than a Loan Party to any Loan Party and (ii) Guarantees by any Domestic Loan Party of
Indebtedness of any Person other than a Domestic Loan Party, or by any Foreign Loan Party of
Indebtedness of any Subsidiary other than a Loan Party; provided that the aggregate amount
of Indebtedness and Guarantees permitted by this clause (e) together with (but without duplication
of) Investments pursuant to Section 7.02(f), shall not exceed $200,000,000 (or, from and
after the first date after the Closing Date on which the Company has delivered a Compliance
Certificate showing that the Consolidated Leverage Ratio has been not greater than 1.75:1.00 for

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four-quarter periods ending on two consecutive fiscal quarters, $400,000,000) at any time
outstanding, and provided further that any Guarantee by a Loan Party of Indebtedness that
is subordinated to the Obligations shall be subordinated to the Obligations to the same extent as
such Guaranteed Indebtedness;

     (f) obligations (contingent or otherwise) of the Company or any Subsidiary existing or arising
under any Swap Contract, provided that (i) (x) such obligations are (or were) entered into
by such Person in the ordinary course of business for the purpose of mitigating risks associated
with liabilities, commitments, investments, assets, or property held or reasonably anticipated by
such Person, or changes in the value of securities issued by such Person, and not for purposes of
speculation or taking a “market view,” or (y) such obligations arise out of the Company’s or any
Subsidiary’s hedging of its fuel price-related earnings exposure in a manner consistent with the
Company’s practices as of the Closing Date and, in each case, not for purposes of speculation and
(ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from
its obligation to make payments on outstanding transactions to the defaulting party upon
termination of such Swap Contract by the non-defaulting party;

     (g) Indebtedness in respect of (i) capital leases, Synthetic Lease Obligations and purchase
money obligations for fixed or capital assets and (ii) other secured Indebtedness, in each case
within the applicable limitations set forth in Section 7.01(i); provided,
however, that the aggregate amount of all such Indebtedness at any one time outstanding
shall not exceed $40,000,000;

     (h) Indebtedness of any Person that becomes a Subsidiary after the date hereof and extensions,
renewals, refinancings and replacements of any such Indebtedness that do not increase the
outstanding principal amount thereof; provided that (i) such Indebtedness exists at the
time such Person becomes a Subsidiary and is not created in contemplation of or in connection with
such Person becoming a Subsidiary and (ii) the aggregate principal amount of Indebtedness permitted
by this clause (i) shall not exceed $15,000,000 at any time outstanding;

     (i) Indebtedness arising from the honoring by a bank or other financial institution of a
check, draft or similar instrument drawn against insufficient funds in the ordinary course of
business; provided that such Indebtedness is extinguished within five (5) Business Days of
incurrence;

     (j) Indebtedness of the Company or any Subsidiary constituting indemnification, adjustment of
purchase price, earn outs or similarly obligations, in each case, incurred or assumed in connection
with the disposition of any business, assets or a Subsidiary permitted hereunder;

     (k) subordinated Indebtedness of the Company; provided that (i) no such Indebtedness
shall mature or amortize earlier than 180 days after the latest Maturity Date in respect of a
Facility hereunder, (ii) no agreement or instrument executed with respect to such Indebtedness
shall have any financial covenants, events of default or terms which conflict with, or covenants
which are more restrictive than the terms of the Loan Documents (and all such financial covenants,
events of default, terms and covenants shall be reasonably satisfactory to the Administrative
Agent), and the Company shall have delivered to the Administrative Agent

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copies of all such agreements and instruments prior to the execution thereof, (iii) the terms
of subordination of such Indebtedness shall be reasonably satisfactory to the Administrative Agent
and (iv) no Default shall have occurred or be continuing or would result from the incurrence of
such Indebtedness, and a Responsible Officer of the Company shall have delivered a certificate to
the Administrative Agent demonstrating the same;

     (l) obligations of the Company or any Subsidiary pursuant to or in connection with any
Permitted Securitization Transaction, to the extent such obligations satisfy the conditions set
forth in Section 7.16;

     (m) Indebtedness (i) of the RD Entities under one or more working capital facilities, in an
aggregate outstanding principal amount not to exceed $20,000,000 at any time, or (ii) constituting
Guarantees by the Company of such Indebtedness;

     (n) Indebtedness constituting Investments permitted by Section 7.02(y); and

     (o) other unsecured Indebtedness in an aggregate principal amount not to exceed $100,000,000
at any time outstanding.

     7.04 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another
Person, or Dispose of (whether in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any
Person, except that, so long as no Default or Event of Default exists or would result therefrom:

     (a) any Subsidiary may merge with (i) the Company, provided that the Company shall be
the continuing or surviving Person, or (ii) any one or more other Subsidiaries, provided
that (A) when any Designated Borrower is merging with another Subsidiary, such Designated Borrower
shall be the continuing or surviving Person, (B) when any Domestic Subsidiary Guarantor is merging
with another Subsidiary (other than a Designated Borrower), a Domestic Subsidiary Guarantor shall
be the continuing or surviving Person, (C) when any Foreign Subsidiary Guarantor is merging with
another Subsidiary (other than a Designated Borrower or Domestic Subsidiary Guarantor), a Foreign
Subsidiary Guarantor shall be the continuing or surviving Person, and (D) when any wholly-owned
Subsidiary is merging with another Subsidiary, a wholly-owned Subsidiary shall be the continuing or
surviving Person;

     (b) any Subsidiary may Dispose of all or substantially all of its assets (upon voluntary
liquidation or otherwise) to the Company or to another Subsidiary, provided that (i) if the
transferor in such a transaction is a Designated Borrower that is a Domestic Subsidiary or a
Domestic Subsidiary Guarantor, then the transferee must be the Company, a Designated Borrower that
is a Domestic Subsidiary or a Domestic Subsidiary Guarantor and (ii) if the transferor in such a
transaction is a Designated Borrower that is a Foreign Subsidiary or a Foreign Subsidiary
Guarantor, then the transferee must be the Company, a Designated Borrower or a Subsidiary
Guarantor;

     (c) the Company or any Subsidiary may merge with any other Person in order to effect a
Permitted Acquisition; provided that (i) the continuing or surviving Person shall have
complied with the requirements of Section 6.13, if applicable, and (ii) in the case of a
merger of a Borrower with any other Person, such Borrower shall be the continuing or surviving
Person;

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     7.05 Dispositions.

     Make any Disposition or enter into any agreement to make any Disposition, except:

     (a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in
the ordinary course of business;

     (b) Dispositions of inventory in the ordinary course of business;

     (c) Dispositions of equipment or real property to the extent that (i) such property is
exchanged for credit against the purchase price of similar replacement property or (ii) the
proceeds of such Disposition are reasonably promptly applied to the purchase price of such
replacement property;

     (d) Dispositions of property by any Subsidiary to the Company or to a wholly-owned Subsidiary;
provided that except to the extent that such Disposition is permitted as an Investment
under Section 7.02 (i) if the transferor in such a transaction is a Designated Borrower
that is a Domestic Subsidiary or is a Domestic Subsidiary Guarantor, then the transferee must be
the Company, a Designated Borrower that is a Domestic Subsidiary or a Domestic Subsidiary Guarantor
and (ii) if the transferor in such a transaction is a Designated Borrower that is a Foreign
Subsidiary or is a Foreign Subsidiary Guarantor, then the transferee must be the Company, a
Designated Borrower or a Subsidiary Guarantor;

     (e) Dispositions permitted by Section 7.04;

     (f) Dispositions by the Company and its Subsidiaries of property permitted by Section
7.12;

     (g) Dispositions of Securitization Assets for fair market value (or for fair consideration and
reasonably equivalent value) to one or more Permitted Securitization Entities and their assigns
pursuant to or in connection with a Permitted Securitization Transaction or by any Permitted
Securitization Entity in connection therewith; and

     (h) other Dispositions from and after the date of this Agreement by the Company and its
Subsidiaries for an aggregate sale price not to exceed 5% of Consolidated Total Assets calculated
at the time of each Disposition;

provided, however, that any Disposition pursuant to clauses (a), (b), (c), (f) and
(h) shall be for fair market value.

     7.06 Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, or
incur any obligation (contingent or otherwise) to do so, or issue or sell any Equity Interests,
except that, so long as no Default or Event of Default shall have occurred and be continuing at the
time of any action described below or would result therefrom:

     (a) each Subsidiary may make Restricted Payments to the Company and its Subsidiaries and any
other Person that owns an Equity Interest in such Subsidiary, ratably

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according to their respective holdings of the type of Equity Interest in respect of which such
Restricted Payment is being made;

     (b) the Company and each Subsidiary may declare and make dividend payments or other
distributions payable solely in the common stock or other common Equity Interests of such Person;

     (c) the Company and each Subsidiary may purchase, redeem or otherwise acquire Equity Interests
issued by it with the proceeds received from the substantially concurrent issue of new shares of
its Qualified Stock;

     (d) the Company may make Restricted Payments pursuant to and in accordance with stock option
plans or other benefit plans for management or employees of the Company and its Subsidiaries;

     (e) the Company may from time to time make other Restricted Payments; provided that (A) after
giving effect to each such Restricted Payment and any related transactions (including any related
incurrence of Indebtedness), the Consolidated Leverage Ratio for the last period of four fiscal
quarters for which financial statements shall have been delivered in accordance with Section
6.01(a) or (b) shall be less than 1.75:1.00, calculated on a Pro Forma
Basis in a manner reasonably satisfactory to the Administrative Agent and (B) prior to making any
such Restricted Payment, if requested by the Administrative Agent, the Administrative Agent shall
have received a certificate, dated the date of such Restricted Payment and signed by a Responsible
Officer of the Company, confirming compliance with the restrictions set forth in this Section
7.06(e) and containing calculations in reasonable detail demonstrating such compliance.

     (f) so long as the Company would be in compliance with Section 7.11 on a Pro
Forma Basis after giving effect to such Restricted Payments and any related transactions
(including any related incurrence of Indebtedness), the Company may make Restricted Payments not
otherwise permitted hereunder in an aggregate amount of $25,000,000 during each fiscal year of the
Company, of which 100% of unused amounts may be carried over into subsequent years.

     7.07 Change in Nature of Business. Engage in any business, if, as a result, the general
nature of the business of the Loan Parties taken as a whole, would be substantially changed from
the general nature of the business of the Loan Parties taken as a whole, on the date hereof.

     7.08 Transactions with Affiliates. Enter into any transaction of any kind with any Affiliate
of a Borrower, whether or not in the ordinary course of business, other than on fair and reasonable
terms substantially as favorable to the Company or such Subsidiary as would be obtainable by the
Company or such Subsidiary at the time in a comparable arm’s length transaction with a Person other
than an Affiliate, provided that the foregoing restriction shall not apply to (a) Restricted
Payments made in accordance with Section 7.06 or (b) transactions between or among the
Company and any of its wholly-owned Subsidiaries (or any Permitted

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Securitization Entity) or between and among any wholly-owned Subsidiaries (or any Permitted
Securitization Entity) not involving any other Affiliate.

     7.09 Burdensome Agreements. 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 Company
or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets
to secure the Obligations, or (b) the ability of any 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 Company or any other Subsidiary or to guarantee Indebtedness of the Company or any other
Subsidiary; provided that (i) the foregoing shall not apply to restrictions and conditions imposed
by law or by this Agreement, (ii) the foregoing shall not apply to restrictions and conditions
existing on the date hereof and identified on Schedule 7.09 (but shall apply to any
extension or renewal of, or any amendment or modification expanding the scope of, any such
restriction or condition) (iii) the foregoing shall not apply to customary restrictions and
conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided
such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is
permitted hereunder, (iv) clause (a) of the foregoing shall not apply to restrictions or conditions
imposed by (x) any agreement relating to secured Indebtedness permitted by this Agreement if such
restrictions or conditions apply only to the property or assets securing such Indebtedness, (y) any
agreement relating to Indebtedness incurred in reliance on Section 7.03(h) (to the extent
that such restrictions apply only to the Person becoming a Subsidiary of the Company and any of its
Subsidiaries that also become Subsidiaries of the Company in the same transaction or series of
related transactions) or (z) any agreement relating to Indebtedness incurred in reliance on
Section 7.03(k) or (o) (in each case, so long as such agreement permits the
Obligations to become secured without further consent or act by the lenders or holders of
Indebtedness thereunder, provided that, in the case of Section 7.03(o), such agreement may
require that such Indebtedness be equally and ratably secured by any collateral on which a Lien is
granted to secure the Obligations), (v) clause (a) of the foregoing shall not apply to customary
provisions in leases and other contracts restricting the assignment thereof, and (vi) the foregoing
shall not apply to customary restrictions and conditions imposed by any agreement relating to any
agreement relating to Indebtedness incurred in reliance on Section 7.03(m), provided that
such latter restrictions and conditions affect only the RD Entities; provided that this Section
7.09 shall not apply (i) to WEX Bank to the extent that any such restriction, prohibition or
condition is imposed by a Governmental Authority in connection with the ordinary course of business
of WEX Bank or (ii) to the Company or any Subsidiary in connection with any agreements evidencing a
Permitted Securitization Transaction, provided that, in the case of this clause (ii), the
same extend only to the related Securitization Assets and the Equity Interests of the relevant
Permitted Securitization Entity or (iii) to any Permitted Securitization Entity in connection with
any agreements evidencing a Permitted Securitization Transaction.

     7.10 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock
(within the meaning of Regulation U of the FRB) in violation of Law (including Regulation U) or to
extend credit to others for the purpose of purchasing or carrying margin stock or to refund
indebtedness originally incurred for such purpose.

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     7.11 Financial Covenants.

     (a) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage
Ratio as of the end of any fiscal quarter of the Company to be less than 3:00 to 1:00.

     (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end
of any fiscal quarter of the Company to be greater than 3:25 to 1:00, other than during any Step-Up
Period, or 3.75 to 1.00, during any Step-Up Period.

     7.12 Sale and Leasebacks. Enter into any arrangement with any Person providing for the
leasing by the Company or any Subsidiary of real or personal property that has been or is to be
sold or transferred by the Company or such Subsidiary to such Person or to any other Person to whom
funds have been or are to be advanced by such Person on the security of such property or rental
obligations of the Company or such Subsidiary unless such arrangement is entered into in connection
with the financing of the acquisition of such property through the proceeds of a capital lease
permitted by Section 7.03(g)(i) and the sale or transfer of such property occurs within
thirty days following the acquisition thereof by the Company or any of its Subsidiaries.

     7.13 Accounting Changes. (i) Make any material change in accounting principles or reporting
practices, except as are made in accordance with GAAP or as are otherwise consented to by the
Administrative Agent or (ii) change its fiscal year or quarters or the method of determination
thereof, provided that this Section 7.13 shall not apply to WEX Bank to the extent
that any such change is required or imposed by a Governmental Authority.

     7.14 Tax Receivable Agreement. Make any payment under the Tax Receivable Agreement if an
Event of Default has occurred and is continuing, or make any prepayment under the Tax Receivable
Agreement other than Permitted Tax Receivable Agreement Prepayments

     7.15 Amendments. Amend (i) the documents or instruments governing any Indebtedness incurred
under Section 7.03(k) without the consent of the Administrative Agent or (ii) any
Organizational Document in a manner materially adverse to the Administrative Agent or the Lenders.

     7.16 Permitted Securitization Transactions.

     (a) Permit the aggregate Attributable Indebtedness in respect of all Permitted Securitization
Transactions of the Company, its Subsidiaries and all Permitted Securitization Entities to third
parties to exceed $350,000,000 at any time.

     (b) Except in the case of a Permitted Securitization Entity, incur or become obligated with
respect to any Indebtedness or other liabilities or obligations in connection with any Permitted
Securitization Transaction other than Indebtedness or other liabilities or obligations (i)
resulting from the transfer of any Securitization Assets in connection with a Permitted
Securitization Transaction so long as such Indebtedness is non-recourse to the Company and any
Subsidiary (other than the applicable Permitted Securitization Entity), except for Standard
Securitization Undertakings and (ii) consisting of Standard Securitization Undertakings.

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ARTICLE VIII.

EVENTS OF DEFAULT AND REMEDIES

     8.01 Events of Default. Any of the following shall constitute an Event of Default:

     (a) Non-Payment. Any Borrower or any other Loan Party fails to pay (i) when and as
required to be paid herein, and in the currency required hereunder, any amount of principal of any
Loan or any L/C Obligation, or (ii) within three Business Days after the same becomes due, any
interest on any Loan or on any L/C Obligation, or any fee due hereunder, or any other amount
payable hereunder or under any other Loan Document; or

     (b) Specific Covenants. The Company fails to perform or observe any term, covenant or
agreement contained in any of Section 6.01, 6.02, 6.03, 6.05,
6.10, 6.11, 6.13, 6.15 or Article VII or any Guarantor
fails to perform or observe any term, covenant or agreement contained in any Guaranty to which it
is a party; or

     (c) Other Defaults. Any Loan Party or the Specified Designated Borrower fails to
perform or observe any other covenant or agreement (not specified in subsection (a) or (b) above)
contained in any Loan Document on its part to be performed or observed and such failure continues
for 30 days after the Company or any of its Subsidiaries obtains knowledge thereof; or

     (d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made by or on behalf of the Company or any other Loan Party or the
Specified Designated Borrower herein, in any other Loan Document, or in any document delivered in
connection herewith or therewith shall be incorrect or misleading in any material respect when made
or deemed made; or

     (e) Cross-Default. (i) The Company or any Subsidiary (A) fails to make any payment
when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise)
in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness
under Swap Contracts) having an aggregate principal amount (including undrawn committed or
available amounts and including amounts owing to all creditors under any combined or syndicated
credit arrangement) of more than the Threshold Amount, or fails to make any payment when due of the
Swap Termination Value in an amount greater than the Threshold Amount, or (B) fails to observe or
perform any other agreement or condition relating to any such Indebtedness or Guarantee or
contained in any instrument or agreement evidencing, securing or relating thereto, or any other
event occurs, the effect of which default or other event is to cause, or to permit the holder or
holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or
agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the
giving of notice if required, such Indebtedness to be demanded or to become due or to be
repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase,
prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such
Guarantee to become payable or cash collateral in respect thereof to be demanded (in each case,
after giving effect to any applicable grace period); provided that this clause (e)(i) shall
not apply to secured Indebtedness that becomes due as a result of the voluntary Disposition or
transfer of the property or assets securing such Indebtedness, so long as such Disposition is
permitted hereunder and such

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Indebtedness is retired concurrently therewith; or (ii) there occurs under any Swap Contract
an Early Termination Date (as defined in such Swap Contract) resulting from any event of default
under such Swap Contract as to which the Company or any Subsidiary is the Defaulting Party (as
defined in such Swap Contract) and the Swap Termination Value owed by the Company or such
Subsidiary as a result thereof is greater than the Threshold Amount; or

     (f) Insolvency Proceedings, Etc. (i) Any Loan Party or any of its Material
Subsidiaries (A) files, issues, institutes or consents to the filing, issuing or institution of any
petition, procedure or proceeding under or to take advantage of any Debtor Relief Law, or (B) makes
an assignment for the benefit of creditors or initiates or enters into a composition, compromise or
arrangement with any of its creditors, or (C) applies for or consents to the appointment of any
receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator,
rehabilitator or similar officer for it or for all or any material part of its property, or (D) is
adjudicated as insolvent; or (ii) any receiver, administrator, examiner, compulsory manager,
trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in
respect of any Loan Party or any of its Material Subsidiaries without the application or consent of
such Person and, in the case of such an appointment under the laws of the United States or any
other jurisdiction in which such appointment may be contested and such Person is contesting such
appointment in good faith by appropriate proceedings diligently conducted, such appointment is not
discharged or stayed within 60 calendar days; or (iii) any procedure or proceeding under or to take
advantage of any Debtor Relief Law relating to any such Person or to all or any material part of
its property is instituted or any petition under or to take advantage of any Debtor Relief Law is
filed or issued without the consent of such Person and continues undismissed or unstayed for 60
calendar days, or an order for relief is entered in any such proceeding or with respect to any such
petition; or

     (g) Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary
admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any
writ or warrant of attachment or execution or similar process is issued or levied against all or
any material part of the property of any such Person and is not released, vacated or fully bonded
within 30 days after its issue or levy; or

     (h) Judgments. There is entered against the Company or any Subsidiary one or more
final judgments or orders for the payment of money in an aggregate amount (as to all such judgments
or orders) exceeding the Threshold Amount (to the extent not covered by independent third-party
insurance as to which the insurer does not dispute coverage) and enforcement of such judgment is
not stayed, by reason of a pending appeal or otherwise, vacated, discharged or satisfied within 30
days after entry thereof, or there is a period of 10 consecutive days thereafter during which a
stay of enforcement of such judgment is not in effect; or

     (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan which has resulted or could reasonably be expected to result in liability of the Company under
Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in
excess of the Threshold Amount (provided that, with respect to any Multiemployer Plan, this
clause (i) shall only apply if the Company has received written notice from such plan or otherwise
becomes aware that an event or circumstance described in such clause has occurred), or (ii) the
Company or any ERISA Affiliate fails to pay when due, after the

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expiration of any applicable grace period, and the extension of the time to pay in connection
with the resolution of any dispute in accordance with the terms of Title IV of ERISA any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or

     (j) Invalidity of Loan Documents. Any provision of any Loan Document, at any time
after its execution and delivery and for any reason other than as expressly permitted hereunder or
thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect;
or any Loan Party or any other Person contests in any manner the validity or enforceability of any
provision of any Loan Document; or any Loan Party or the Specified Designated Borrower denies that
it has any or further liability or obligation under any provision of any Loan Document, or purports
to revoke, terminate or rescind any provision of any Loan Document; or

     (k) Change of Control. There occurs any Change of Control; or

     (l) WEX Bank Event. A WEX Bank Event shall occur, or WEX Bank or any other Subsidiary
which is a regulated bank shall fail at any time to be “adequately capitalized” in accordance with
applicable federal or state laws; or

     (m) Collateral Documents. Any Collateral Document after delivery thereof pursuant to
Section 4.01 or 6.13 shall for any reason (other than pursuant to the terms
thereof) cease to create a valid and perfected first priority Lien on the Collateral purported to
be covered thereby; except to the extent that any such loss of perfection or priority results from
the failure of the Administrative Agent to (i) maintain possession of certificates actually
delivered to it representing securities pledged under the Collateral Documents, (ii) file Uniform
Commercial Code financing statements or continuation statements or other equivalent filings or
(iii) take any other action reasonably directed by the Company to create and maintain the validity,
perfection or priority of the Lien thereof (and the Company shall pay all costs and expenses
incurred in connection with any such action); or

     (n) Subordination. (i) The subordination provisions of the documents evidencing or
governing any subordinated Indebtedness (the “Subordinated Provisions”) shall, in whole or
in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable
against any holder of the applicable subordinated Indebtedness; or (ii) the Company or any other
Loan Party shall, directly or indirectly, disavow or contest in any manner (A) the effectiveness,
validity or enforceability of any of the Subordination Provisions, (B) that the Subordination
Provisions exist for the benefit of the Administrative Agent, the Lenders and the L/C Issuer or (C)
that all payments of principal of or premium and interest on the applicable subordinated
Indebtedness, or realized from the liquidation of any property of any Loan Party, shall be subject
to any of the Subordination Provisions.

     8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the
Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders,
take any or all of the following actions:

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     (a) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer
to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be
terminated;

     (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document
to be immediately due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived by the Borrowers;

     (c) require that the Company Cash Collateralize the L/C Obligations (in an amount equal to the
then Outstanding Amount thereof); and

     (d) exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies
available to it, the Lenders and the L/C Issuer under the Loan Documents;

     provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to any Borrower under the Bankruptcy Code of the United States, the
obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit
Extensions 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 L/C Obligations as aforesaid shall
automatically become effective, in each case without further act of the Administrative Agent or any
Lender.

     8.03 Application of Funds. After the exercise of remedies provided for in Section
8.02 (or after the Loans have automatically become immediately due and payable and the L/C
Obligations have automatically been required to be Cash Collateralized as set forth in the proviso
to Section 8.02), any amounts received on account of the Obligations shall be applied by
the Administrative Agent in the following order:

     First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (including fees, charges and disbursements of counsel to the
Administrative Agent and amounts payable under Article III) payable to the Administrative
Agent in its capacity as such;

     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders
and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders
and the L/C Issuer (including fees and time charges for attorneys who may be employees of any
Lender or the L/C Issuer) arising under the Loan Documents and amounts payable under Article
III), ratably among them in proportion to the respective amounts described in this clause
Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and unpaid
Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations arising under
the Loan Documents, ratably among the Lenders and the L/C Issuer in proportion to the respective
amounts described in this clause Third payable to them;

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     Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans and L/C Borrowings and Obligations then owing under Specified Hedge Agreements and
Specified Cash Management Agreement, ratably among the Lenders, the L/C Issuer, the Hedge Banks and
the Cash Management Banks in proportion to the respective amounts described in this clause
Fourth held by them;

     Fifth, to the Administrative Agent for the account of the L/C Issuer, to Cash
Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters
of Credit; and

     Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to the Company or as otherwise required by Law.

     Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn
amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy
drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash
Collateral after all Letters of Credit have either been fully drawn or expired, such remaining
amount shall be applied to the other Obligations, if any, in the order set forth above.

     Notwithstanding the foregoing, Obligations arising under the Specified Cash Management
Agreement and Specified Hedge Agreements shall be excluded from the application described above if
the Administrative Agent has not received written notice thereof, together with such supporting
documentation as the Administrative Agent may request, from the applicable Cash Management Bank or
Hedge Bank, as the case may be. Each Cash Management Bank or Hedge Bank not a party to the Credit
Agreement that has given notice contemplated by the preceding sentence shall, by such notice, be
deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to
the terms of Article IX hereof for itself and its Affiliates as if a “Lender” party hereto.

ARTICLE IX.

ADMINISTRATIVE AGENT

     9.01 Appointment and Authority.

     Each of the Lenders and the L/C Issuer 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 are
delegated to the Administrative Agent by the terms hereof or thereof, together with such actions
and powers as are reasonably incidental thereto. The provisions of this Article are solely for the
benefit of the Administrative Agent, the Lenders and the L/C Issuer, and no Borrower shall have
rights as a third party beneficiary of any of such provisions.

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

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advisor or in any other advisory capacity for and generally engage in any kind of business
with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not the
Administrative Agent hereunder and without any duty to account therefor to the Lenders.

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

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

     (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan
Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided
for herein or in the other Loan Documents), provided that the Administrative Agent shall
not be required to take any action that, in its opinion or the opinion of its counsel, may expose
the Administrative Agent to liability or that is contrary to any Loan Document or applicable law;
and

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

     (d) The Administrative Agent shall not be liable for any action taken or not taken by it (i)
with the consent or at the request of the Required Lenders (or such other number or percentage of
the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall
be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or
(ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent
shall be deemed not to have knowledge of any Default unless and until notice describing such
Default is given to the Administrative Agent by the Company, a Lender or the L/C Issuer.

     (e) The Administrative Agent shall not be responsible for or have any duty to ascertain or
inquire into (i) any statement, warranty or representation made in or in connection with this
Agreement or any other Loan Document, (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set
forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement,
instrument or document, or the creation, perfection or priority of any Lien purported to be created
by the Foreign Subsidiary Pledge Documents, 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 Administrative Agent.

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     9.04 Reliance by Administrative Agent.

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

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

     9.06 Resignation of Administrative Agent. The Administrative Agent may at any time give
notice of its resignation to the Lenders, the L/C Issuer and the Company. Upon receipt of any such
notice of resignation, the Required Lenders shall have the right, in consultation with the Company,
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 L/C Issuer, appoint a successor Administrative Agent
meeting the qualifications set forth above; provided that if the Administrative Agent shall
notify the Company and the Lenders that no qualifying Person has accepted such appointment, then
such resignation shall nonetheless become effective in accordance with such notice and (1) the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder and
under the other Loan Documents (except that in the case of any collateral security held by the
Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents,
the retiring Administrative Agent shall continue to hold such collateral security until such time
as a successor Administrative Agent is appointed) and (2) all payments, communications and
determinations provided to be made by, to or through the Administrative Agent shall instead be made
by or to each Lender and the L/C Issuer 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

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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 Company to a successor Administrative Agent shall be the same as those
payable to its predecessor unless otherwise agreed between the Company and such successor. After
the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the
provisions of this Article and Section 10.04 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.

     Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also
constitute its resignation as L/C Issuer and Swing Line Lender, provided that Bank of
America shall give at least 30 days’ notice thereof to the Company. 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 L/C Issuer and
Swing Line Lender, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all
of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the
successor L/C Issuer 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 L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect
to such Letters of Credit.

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

     9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Book
Managers, Joint Lead Arrangers, Syndication Agents or Documentation Agents listed on the cover page
hereof shall have any powers, duties or responsibilities under this Agreement or any of the other
Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or the
L/C Issuer hereunder.

     9.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding
under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the
Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall
then be due and payable as herein expressed or by declaration or otherwise and irrespective of
whether the Administrative Agent shall have made any demand on any Borrower) shall be entitled and
empowered, by intervention in such proceeding or otherwise

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     (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of
the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the
Administrative Agent and their respective agents and counsel and all other amounts due the Lenders,
the L/C Issuer and the Administrative Agent under Sections 2.03(i) and (j),
2.09 and 10.04) 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 and the L/C Issuer to make such
payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders and the L/C Issuer, 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 2.09 and 10.04.

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

     9.10 Collateral and Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize
the Administrative Agent, at its option and in its discretion,

     (a) to release any Lien on any property granted to or held by the Administrative Agent under
any Loan Document (i) upon termination of the Revolving Credit Facility and payment in full of all
Obligations (other than (A) contingent indemnification obligations and (B) obligations and
liabilities under Specified Cash Management Agreements and Specified Hedge Agreements) and the
expiration or termination of all Letters of Credit (other than Letters of Credit as to which other
arrangements satisfactory to the Administrative Agent and the L/C Issuer shall have been made),
(ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or
under any other Loan Document, or (iii) subject to Section 10.01, if approved, authorized
or ratified in writing by the Required Lenders;

     (b) with respect to any Subsidiary who is Subsidiary Guarantor or whose Equity Interests have
been pledged pursuant to the Foreign Subsidiary Pledge Documents, the Administrative Agent may
release such guaranty or pledge if such Subsidiary ceases to be a Subsidiary or becomes an Excluded
Pledge Subsidiary, an Excluded Domestic Guaranty Subsidiary or an Excluded Foreign Guaranty
Subsidiary, as applicable, in each case in a transaction permitted hereunder.

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     (c) 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 that is permitted by Section
7.01(i); and

     (d) to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if
such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder.

     Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its
obligations under the Guaranty pursuant to this Section 9.10.

     9.11 Specified Cash Management Agreements and Specified Hedge Agreements. No Cash Management
Bank or Hedge Bank that obtains the benefits of Section 8.03, the Guaranties or the
Collateral Documents by virtue of the provisions hereof or thereof have any right to notice of any
action or to consent to, direct or object to any action hereunder or under any other Loan Document
or otherwise in respect of the collateral (including the release or impairment of any collateral)
granted in the Collateral Documents other than in its capacity as a Lender and, in such case, only
to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of
this Article IX to the contrary, the Administrative Agent shall not be required to verify
the payment of, or that other satisfactory arrangements have been made with respect to, Obligations
arising under Specified Cash Management Agreements and Specified Hedge Agreements unless the
Administrative Agent has received written notice of such Obligations, together with such supporting
documentation as the Administrative Agent may request, from the applicable Cash Management Bank or
Hedge Bank, as the case may be.

ARTICLE X.

MISCELLANEOUS

     10.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other
Loan Document, and no consent to any departure by the Company or any other Loan Party therefrom,
shall be effective unless in writing signed by the Required Lenders and the Company or the
applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each
such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given; provided, however, that no such amendment, waiver or
consent shall:

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

     (b) without limiting the generality of clause (a) above, waive any condition set forth in
Section 4.02 as to any Credit Extension under a particular Facility without the written
consent of the Required Revolving Credit Lenders or the Required Term Lenders, as applicable;

     (c) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Section 8.02) without the written consent of such Lender;

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

     (e) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C
Borrowing, or (subject to clause (iv) of the second proviso to this Section 10.01) any fees
or other amounts payable hereunder or under any other Loan Document without the written consent of
each Lender directly affected thereby; provided, however, that only the consent of
the Required Lenders shall be necessary (i) to amend the definition of “Default Rate” or to waive
any obligation of any Borrower to pay interest or Letter of Credit Fees at the Default Rate or (ii)
to amend any financial covenant hereunder (or any defined term used therein) even if the effect of
such amendment would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce
any fee payable hereunder;

     (f) change (i) Section 2.12 or Section 8.03 in a manner that would alter the
pro rata sharing of payments required thereby without the written consent of each Lender or (ii)
the order of application of any reduction in the Commitments or any prepayment of Loans among the
Facilities from the application thereof set forth in the applicable provisions of Section
2.05(a) or 2.06(c), respectively, in any manner that materially and adversely affects
the Lenders under a Facility without the written consent of the Required Revolving Credit Lenders,
in the case of the Revolving Credit Facility or the Required Term Lenders, in the case of the Term
Facility;

     (g) amend Section 1.06 or the definition of “Alternative Currency” without the written
consent of each Lender;

     (h) (i) change the definition of “Required Revolving Credit Lenders”, or “Required Term
Lenders” or any other provision hereof specifying the number or percentage of Lenders of any
Facility required to amend, waive or otherwise modify any rights hereunder or make any
determination or grant any consent hereunder, in each case with respect to such Facility, or (ii)
change any provision of this Section or the definition of “Required Lenders” or any other provision
hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify
any rights hereunder or make any determination or grant any consent hereunder, without the written
consent of each Lender under the applicable Facility, in the case of the foregoing clause (i), or
each Lender, in the case of the foregoing clause (ii);

     (i) release all or substantially all of the collateral granted to the Secured Parties as
security for the Obligations pursuant the Collateral Documents in any transaction or series of
related transactions, without the written consent of each Lender;

     (j) release the Company from the Company Guaranty or all or substantially all of the value of
the Subsidiary Guaranty without the written consent of each Lender, except to the extent the
release of any Subsidiary Guarantor is permitted pursuant to Section 9.10 (in which case
such release may be made by the Administrative Agent acting alone);

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     (k) impose any greater restriction on the ability of any Lender under a Facility to assign any
of its rights or obligations hereunder without the written consent of the Required Lenders;

and, provided further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights
or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of
Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing
and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or
duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall,
unless in writing and signed by the Administrative Agent in addition to the Lenders required above,
affect the rights or duties of the Administrative Agent under this Agreement or any other Loan
Document; and (iv) the Fee Letters may be amended, or rights or privileges thereunder waived, in a
writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, 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 all
Lenders or each affected Lender may be effected with the consent of the applicable Lenders other
than Defaulting Lenders), except that (x) the Commitment of such Defaulting Lender may not be
increased or extended without the consent of such Lender, and (y) any waiver, amendment or
modification requiring the consent of all Lenders or 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.

Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) from time to
time with the consent of the Required Revolving Credit Lenders, the Administrative Agent and the
Company to add one or more foreign currency subfacilities within the Revolving Credit Facility to
permit the making of Revolving Credit Loans and the issuance of Letters of Credit in a currency,
other than Dollars or an Alternative Currency, that has not been approved by all Revolving Credit
Lenders under Section 1.06 after a request for such approval by the Company. All Credit
Extensions under any such subfacility shall reduce the amount available to be borrowed under the
Revolving Credit Facility and shall be made pro rata among the Revolving Credit Lenders
participating in each applicable subfacility. The principal, interest and other amounts in respect
of any such subfacility shall be payable pro rata to the Revolving Credit Lenders participating in
each applicable subfacility, but the existence of any such subfacility shall not affect the fees
otherwise payable to the Revolving Credit Lenders under the Revolving Credit Facility. No Lender
shall have any obligation to participate in any subfacility of the kind described in this
paragraph.

     10.02 Notices; Effectiveness; Electronic Communication.

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in subsection (b) below), all
notices and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as
follows, and all notices and other communications expressly permitted hereunder to be given by
telephone shall be made to the applicable telephone number, as follows:

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     (i) if to a Borrower, the Administrative Agent, the L/C Issuer or the Swing Line
Lender, to the address, telecopier number, electronic mail address or telephone number
specified for such Person on Schedule 10.02; and

     (ii) if to any other Lender, to the address, telecopier number, electronic mail address
or telephone number specified in its Administrative Questionnaire.

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

     (b) Electronic Communications. Notices and other communications to the Lenders and
the L/C Issuer hereunder may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative
Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C
Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified
the Administrative Agent that it is incapable of receiving notices under such Article by electronic
communication. The Administrative Agent or the Company may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it, provided that approval of such procedures may be limited to
particular notices or communications.

     Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement
from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), provided that if such notice or other
communication is not sent during the normal business hours of the recipient, such notice or
communication shall be deemed to have been sent at the opening of business on the next business day
for the recipient, and (ii) notices or communications posted to an Internet or intranet website
shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as
described in the foregoing clause (i) of notification that such notice or communication is
available and identifying the website address therefor.

     (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE 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

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Agent or any of its Related Parties (collectively, the “Agent Parties”) have any
liability to any Borrower, any Lender, the L/C Issuer or any other Person for losses, claims,
damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out
of any 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 or willful misconduct of such Agent Party; provided,
however, that in no event shall any Agent Party have any liability to any Borrower, any
Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or
punitive damages (as opposed to direct or actual damages).

     (d) Change of Address, Etc. Each of the Borrowers, the Administrative Agent, the L/C
Issuer and the Swing Line Lender may change its address, telecopier or telephone number for notices
and other communications hereunder by notice to the other parties hereto. Each other Lender may
change its address, telecopier or telephone number for notices and other communications hereunder
by notice to the Company, the Administrative Agent, the L/C Issuer and the Swing Line Lender. In
addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that
the Administrative Agent has on record (i) an effective address, contact name, telephone number,
telecopier number and electronic mail address to which notices and other communications may be sent
and (ii) accurate wire instructions for such Lender. Furthermore, 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 Borrower Materials that are not made available through the
“Public Side Information” portion of the Platform and that may contain material non-public
information with respect to the Company or its securities for purposes of United States Federal or
state securities laws.

     (e) Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative
Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including
telephonic Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of any
Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or
were not preceded or followed by any other form of notice specified herein, or (ii) the terms
thereof, as understood by the recipient, varied from any confirmation thereof. The Company shall
indemnify the Administrative Agent, the L/C Issuer, 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 any Borrower. All telephonic notices to and other
telephonic communications with the Administrative Agent may be recorded by the Administrative
Agent, and each of the parties hereto hereby consents to such recording.

     10.03 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender or the
Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy,
power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial
exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise
thereof or the exercise of any other right, remedy, power or privilege. The rights,

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remedies, powers and privileges herein provided are cumulative and not exclusive of any
rights, remedies, powers and privileges provided by law.

     Notwithstanding anything to the contrary contained herein or in any other Loan Document, the
authority to enforce rights and remedies hereunder and under the other Loan Documents against the
Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law
in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and
the L/C Issuer; provided, however, that the foregoing shall not prohibit (a) the
Administrative Agent from exercising on its own behalf the rights and remedies that inure to its
benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan
Documents, (b) the L/C Issuer or the Swing Line Lender from exercising the rights and remedies that
inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may
be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in
accordance with Section 10.08 (subject to the terms of Section 2.12), or (d) any
Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the
pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative
Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the
rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in
addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject
to Section 2.12, 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.

     10.04 Expenses; Indemnity; Damage Waiver.

     (a) Costs and Expenses. The Company shall pay (i) all reasonable out-of-pocket
expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees,
charges and disbursements of counsel for the Administrative Agent), in connection with the
syndication of the credit facilities provided for herein, the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Loan Documents or any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses
incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any
Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred
by the Administrative Agent, any Lender or the L/C Issuer (including the fees, charges and
disbursements of any counsel for the Administrative Agent, any Lender or the L/C Issuer), and shall
pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any
Lender or the L/C Issuer, in connection with the enforcement or protection of its rights (A) in
connection with this Agreement and the other Loan Documents, including its rights under this
Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including
all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in
respect of such Loans or Letters of Credit.

     (b) Indemnification by the Company. The Company shall indemnify the Administrative
Agent (and any sub-agent thereof), the Joint Lead Arrangers, each Lender and the L/C Issuer, and
each Related Party of any of the foregoing Persons (each such Person being

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called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related expenses (including the fees, charges and
disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each
Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of
any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or
by any Borrower, any other Loan Party or the Specified Designated Borrower arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the performance by the
parties hereto of their respective obligations hereunder or thereunder, the consummation of the
transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any
sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other
Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds
therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of
Credit if the documents presented in connection with such demand do not strictly comply with the
terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by any Borrower or any of its Subsidiaries, or
any Environmental Liability related in any way to any Borrower or any of its Subsidiaries, or (iv)
any actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory, whether brought by a third party or
by the Company, any other Loan Party or the Specified Designated Borrower, and regardless of
whether any Indemnitee is a party thereto, provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or
related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable
judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y)
result from a claim brought by the Company, any other Loan Party or the Specified Designated
Borrower against an Indemnitee such Indemnitee’s material breach of its obligation to fund any
Revolving Credit Loan in accordance with the terms hereof, or any for breach in bad faith of such
Indemnitee’s obligations hereunder or under any other Loan Document, if the Company, such other
Loan Party or such other Specified Designated Borrower has obtained a final and nonappealable
judgment in its favor on such claim as determined by a court of competent jurisdiction. The Company
shall only be required to reimburse the Indemnitees for a single counsel for the Administrative
Agent and a single counsel for all other Indemnitees for related claims in each applicable
jurisdiction; provided that an Indemnitee shall have the right to employ separate counsel,
and the Company shall bear the reasonable fees, costs and expenses of such separate counsel, if (1)
the use of counsel chosen by the other Indemnitees to represent the Indemnitees would present such
counsel with a conflict of interest; (2) such Indemnitee shall have reasonably concluded, in good
faith, that there may be legal claims or defenses available to it that are different from or
additional to those available to the other Indemnitees; (3) such Indemnitee shall have reasonably
concluded, in good faith, that it otherwise has divergent interests from the other Indemnitees or
(4) the Company shall authorize in writing such Indemnitee to employ separate counsel at the
Company’s expense.

     (c) Reimbursement by Lenders. To the extent that the Company for any reason fails to
indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it
to the Administrative Agent (or any sub-agent thereof), the L/C Issuer or any Related Party of any
of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent), the L/C Issuer or such Related Party, as the case may be, such Lender’s

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Applicable Percentage (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 the Administrative Agent (or any such sub-agent) or the L/C Issuer in its
capacity as such, or against any Related Party of any of the foregoing acting for the
Administrative Agent (or any such sub-agent) or L/C Issuer in connection with such capacity. The
obligations of the Lenders under this subsection (c) are subject to the provisions of Section
2.12(d).

     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, no Borrower shall assert, and hereby waives, any claim against any Indemnitee, on
any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this Agreement,
any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.
No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the
use by unintended recipients of any information or other materials distributed to such unintended
recipients by such Indemnitee through telecommunications, electronic or other information
transmission systems in connection with this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby other than for direct or actual damages resulting from
the gross negligence or willful misconduct of such Indemnitee as determined by a final and
nonappealable judgment of a court of competent jurisdiction.

     (e) Payments. All amounts due under this Section shall be payable not later than ten
Business Days after demand therefor.

     (f) Survival. The agreements in this Section shall survive the resignation of the
Administrative Agent, the L/C Issuer and the Swing Line Lender, the replacement of any Lender, the
termination of the Revolving Credit Facility and the repayment, satisfaction or discharge of all
the other Obligations.

     10.05 Payments Set Aside. To the extent that any payment by or on behalf of any Borrower is
made to the Administrative Agent, the L/C Issuer or any Lender, or the Administrative Agent, the
L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such
setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential,
set aside or required (including pursuant to any settlement entered into by the Administrative
Agent, the L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any
other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a)
to the extent of permitted by applicable Law, the obligation or part thereof originally intended to
be satisfied shall be revived and continued in full force and effect as if such payment had not
been made or such setoff had not occurred, and (b) each Lender and the L/C Issuer severally agrees
to pay to the Administrative Agent upon demand its applicable share (without duplication) of any
amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date
of such demand to the date such payment is made at a rate per annum equal to the applicable
Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment.
The obligations of the Lenders

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and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in
full of the Obligations and the termination of this Agreement.

     10.06 Successors and Assigns.

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

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more
assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans (including for purposes of this subsection (b),
participations in L/C Obligations and in Swing Line 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 under any Facility and the Loans at the time owing to
it under such Facility 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 $5,000,000, in the case of any assignment in respect of the Revolving Credit
Facility, or $1,000,000, in the case of any assignment in respect of the Term
Facility unless each of the Administrative Agent and, so long as no Event of Default
has occurred and is continuing, the Company otherwise consents (each such consent
not to be unreasonably withheld or delayed); provided,

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however, that concurrent assignments to members of an Assignee 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) Proportionate Amounts. Each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement with respect to the Loans or the Commitment assigned, except that this
clause (ii) shall not (A) apply to the Swing Line Lender’s rights and obligations in respect
of Swing Line Loans or (B) prohibit any Lender from assigning all or a portion of its rights
and obligations among separate Facilities on a non-pro rata basis;

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

     (A) the consent of the Company (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, an
Affiliate of a Lender or an Approved Fund; provided that the Company shall
be deemed to have consented to any such assignment unless it shall object thereto by
written notice to the Administrative Agent within eight (8) Business Days after
having received notice thereof;

     (B) the consent of the Administrative Agent (such consent not to be
unreasonably withheld or delayed) shall be required for assignments in respect of
(1) any Revolving Credit Commitment if such assignment is to a Person that is not a
Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender
or (2) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or
an Approved Fund;

     (C) the consent of the L/C Issuer (such consent not to be unreasonably withheld
or delayed) shall be required for any assignment that increases the obligation of
the assignee to participate in exposure under one or more Letters of Credit (whether
or not then outstanding); and

     (D) the consent of the Swing Line Lender (such consent not to be unreasonably
withheld or delayed) shall be required for any assignment in respect of the
Revolving Credit Facility.

     (iv) Assignment and Assumption. The parties to each assignment shall execute
and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee 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. The assignee, if it is not a Lender,
shall deliver to the Administrative Agent an Administrative Questionnaire.

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     (v) No Assignment. No such assignment shall be made (i) to the Company or any
of the Company’s Affiliates or Subsidiaries, (ii) to any Defaulting Lender or any of its
Subsidiaries or (iii) to a natural person.

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

     (vii) No Assignment Resulting in Additional Indemnified Taxes or Other Taxes.
No such assignment shall be made to any Person that would result in the imposition of
Indemnified Taxes or Other Taxes in excess of the Indemnified Taxes or Other Taxes that
would be imposed in the absence of such assignment, except to the extent that the Borrower
consents to such assignment or the proposed assignee agrees in favor of the Company to treat
such excess Indemnified Taxes and Other Taxes as Excluded Taxes.

     (viii) Alternative Currencies. Unless at the time of any assignment a Default
or Event of Default shall be continuing, any assignee hereunder shall certify upon
acceptance of the assignment that it will make available to the Borrowers all Alternative
Currencies specified in this Agreement on the terms and conditions set forth herein.

     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 3.01, 3.04, 3.05, and 10.04
with respect to facts and circumstances occurring prior to the effective date of such assignment.

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Upon request, each Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that
does not comply with this subsection shall be treated for purposes of this Agreement as a sale by
such Lender of a participation in such rights and obligations in accordance with subsection (d) of
this Section.

     (c) Register. The Administrative Agent, acting solely for this purpose as an agent of
the Borrowers, 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 and L/C Obligations owing to,
each Lender pursuant to the terms hereof from time to time (the “Register”). The entries
in the Register shall be conclusive, and the Borrowers, the Administrative Agent and the Lenders
may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a
Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. 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 Borrowers and any Lender, at any reasonable time and from
time to time upon reasonable prior notice.

     (d) Participations. Any Lender may at any time, without the consent of, or notice to,
any Borrower or the Administrative Agent, sell participations to any Person (other than a natural
person, a Defaulting Lender or the Company or any of the Company’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 L/C Obligations and/or Swing Line Loans) owing to it); provided
that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender
shall remain solely responsible to the other parties hereto for the performance of such obligations
and (iii) the Borrowers, the Administrative Agent, the Lenders and the L/C Issuer 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 first proviso to
Section 10.01 that is required to be approved by all Lenders or each affected Lender.
Subject to subsection (e) of this Section, each Borrower agrees that each Participant shall be
entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent
as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of
this Section. To the extent permitted by law, each Participant also shall be entitled to the
benefits of Section 10.08 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.13 as though it were a Lender.

     (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01 or 3.04 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant,
unless the sale of the

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participation to such Participant is made with the Company’s prior written consent. A
Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the
benefits of Section 3.01 unless the Company is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrowers, to comply with
Section 3.01(e) as though it were a Lender.

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

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

     (h) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time Bank of America assigns all of its
Revolving Credit Commitment and Revolving Credit Loans pursuant to subsection (b) above, Bank of
America may, (i) upon 30 days’ notice to the Company and the Lenders, resign as L/C Issuer and/or
(ii) upon 30 days’ notice to the Company, resign as Swing Line Lender. In the event of any such
resignation as L/C Issuer or Swing Line Lender, the Company shall be entitled to appoint from among
the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided,
however, that no failure by the Company to appoint any such successor shall affect the
resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be. If Bank of
America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the
L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of
its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to
require the Lenders to make Base Rate Revolving Credit Loans or fund risk participations in
Unreimbursed Amounts pursuant to Section 2.03(c)). If Bank of America resigns as Swing
Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with
respect to Swing Line Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Base Rate Revolving Credit Loans or
fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon
the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such successor shall
succeed to and become vested with all of the rights, powers, privileges and duties of the retiring
L/C Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C Issuer 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.

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     10.07 Treatment of Certain Information; Confidentiality. Each of the Administrative Agent,
the Lenders and the L/C Issuer agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its Affiliates and to its and its
Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and
representatives (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information
confidential), (b) to the extent requested by any regulatory authority purporting to have
jurisdiction over it (including any self-regulatory authority, such as the National Association of
Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any
subpoena or similar legal process, provided that the Administrative Agent, such Lender or
the L/C Issuer, as the case may be, shall, at the sole cost and expense of the Company, request
confidential treatment of such Confidential Information to the extent practicable and permitted by
applicable law and the Administrative Agent, such Lender or the L/C Issuer, as the case may be,
shall, to the extent permitted by applicable law, promptly inform the Company with respect thereto
so that the Company may seek appropriate protective relief to the extent permitted by applicable
law, provided, further, that in the event such protective remedy or other remedy is
not obtained, the Administrative Agent, such Lender or the L/C Issuer, as the case may be, shall
furnish only that portion of the Confidential Information that is legally required and shall
disclose the Confidential Information in a manner reasonably designed to preserve its confidential
nature and shall, at the sole cost and expense of the Company, cooperate with the Company’s counsel
to enable the Company to attempt to obtain a protective order or other reliable assurance that
confidential treatment will be accorded to the Information, (d) to any other party hereto, (e) in
connection with the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the
same as those of this Section, to (i) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement or any
Eligible Assignee invited to be a Lender pursuant to Section 2.16 or (ii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to a
Borrower and its obligations, (g) with the consent of the Company or (h) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to the Administrative Agent, any Lender, the L/C Issuer or any of their
respective Affiliates on a nonconfidential basis from a source other than the Company, which
source, to the actual knowledge of the Administrative Agent, such Lender or the L/C Issuer, as the
case may be, is not prohibited from disclosing such Information to such Person by a contractual,
legal or fiduciary obligation to the Company, the Administrative Agent, any Lender or the L/C
Issuer.

     For purposes of this Section, “Information” means all information received from the
Company or any Subsidiary relating to the Company or any Subsidiary or any of their respective
businesses, other than any such information that is available to the Administrative Agent, any
Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by the Company or any
Subsidiary. 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.

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     Each of the Administrative Agent, the Lenders and the L/C Issuer acknowledges that (a) the
Information may include material non-public information concerning the Company or a Subsidiary, as
the case may be, (b) it has developed compliance procedures regarding the use of material
non-public information and (c) it will handle such material non-public information in accordance
with applicable Law, including United States Federal and state securities Laws.

     10.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each
Lender, the L/C Issuer and each of their respective Affiliates is hereby authorized at any time and
from time to time, to the fullest extent permitted by applicable law, to set off and apply any and
all deposits (general or special, time or demand, provisional or final, in whatever currency) at
any time held and other obligations (in whatever currency) at any time owing by such Lender, the
L/C Issuer or any such Affiliate to or for the credit or the account of any Borrower against any
and all of the obligations of such Borrower now or hereafter existing under this Agreement or any
other Loan Document to such Lender or the L/C Issuer, irrespective of whether or not such Lender or
the L/C Issuer shall have made any demand under this Agreement or any other Loan Document and
although such obligations of such Borrower be contingent or unmatured or are owed to a branch or
office of such Lender or the L/C Issuer different from the branch or office holding such deposit or
obligated on such indebtedness; provided, that (i)(a) the obligations of Foreign
Subsidiaries that become Designated Borrowers and of the Specified Designated Borrower are several and not joint, and (b) no Lender shall
exercise any rights under this Section 10.08 with respect to any assets of any Foreign
Subsidiary other than with respect to the direct obligations of such Foreign Subsidiary to the
Lenders, and (ii) in the event that any Defaulting Lender shall 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 2.15 and, pending such payment,
shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the
benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide
promptly to the Administrative Agent a statement describing in reasonable detail the Obligations
owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each
Lender, the L/C Issuer and their respective Affiliates under this Section are in addition to other
rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their
respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify the Company and
the Administrative Agent promptly after any such setoff and application, provided that the
failure to give such notice shall not affect the validity of such setoff and application.

     10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any
Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the
maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If
the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum
Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such
unpaid principal, refunded to the Company. In determining whether the interest contracted for,
charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person
may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal
as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the
effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the
total amount of interest throughout the contemplated term of the Obligations hereunder.

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     10.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and the other Loan Documents constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof
that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an
executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging
means shall be effective as delivery of a manually executed counterpart of this Agreement.

     10.11 Survival of Representations and Warranties. All representations and warranties made
hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or
in connection herewith or therewith shall survive the execution and delivery hereof and thereof.
Such representations and warranties have been or will be relied upon by the Administrative Agent
and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or
on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice
or knowledge of any Default at the time of any Credit Extension, and shall continue in full force
and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied
or any Letter of Credit shall remain outstanding.

     10.12 Severability. If any provision of this Agreement or the other Loan Documents is held to
be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the illegal, invalid or unenforceable provisions. The
invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. Without limiting the foregoing provisions of this
Section 10.12, if and to the extent that the enforceability of any provisions in this
Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in
good faith by the Administrative Agent, the L/C Issuer or the Swing Line Lender, as applicable,
then such provisions shall be deemed to be in effect only to the extent not so limited.

     10.13 Replacement of Lenders. If (a) any Lender requests compensation under Section
3.04, (b) any Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, (c) any
Lender is a Defaulting Lender or (d) any Lender (a “Non-Consenting Lender”) refuses to
consent to an amendment, modification or waiver of this Agreement that, pursuant to this
Section 10.13, requires consent of 100% of the Lenders and that has been approved by the
Required Lenders, then the Company may, at its sole expense and effort, upon notice to such Lender
and the Administrative Agent, require such Lender to assign and delegate, without recourse (in
accordance with and subject to the restrictions contained in, and consents required by, Section
10.06), all of its interests, rights and obligations under this Agreement and the related Loan

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Documents to an assignee that shall assume such obligations (which assignee may be another
Lender, if a Lender accepts such assignment), provided that:

     (a) the Company shall have paid (or caused a Designated Borrower to pay) to the Administrative
Agent the assignment fee specified in Section 10.06(b);

     (b) such Lender shall have received payment of an amount equal to the outstanding principal of
its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to
it hereunder and under the other Loan Documents (including any amounts under Section 3.05)
from the assignee (to the extent of such outstanding principal and accrued interest and fees) or
the Company or applicable Designated Borrower (in the case of all other amounts);

     (c) in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such
assignment will result in a reduction in such compensation or payments thereafter;

     (d) in the event such Lender is a Non-Consenting Lender, each assignee shall consent, at the
time of such assignment, to each matter in respect of which such Lender was a Non-Consenting Lender
and the Company also requires each other Lender that is a Non-Consenting Lender to assign its Loans
and Commitments; and

     (e) such assignment does not conflict with applicable Laws.

     A Lender shall not be required to make any such assignment or delegation if, reasonably
promptly after its receipt or notice from the Company pursuant to this Section 10.13, as a
result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require
such assignment and delegation cease to apply, or, in the case of clause (a) or (b) above, such
Lender notifies the Company that the circumstances giving rise to such Lender’s request for
compensation or additional amounts shall not be used by such Lender as a basis for future requests
under Sections 3.01 or 3.04.

     10.14 Governing Law; Jurisdiction; Etc.

     (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK

     (b) SUBMISSION TO JURISDICTION. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE
OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN
DISTRICT OF NEW YORK AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT
OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL
CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK
STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY

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APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL
JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER
JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS
AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY
LENDER OR THE L/C ISSUER 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) WAIVER OF VENUE. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE
LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES
HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF
AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT
THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

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

     10.16 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), each Borrower acknowledges and agrees, and
acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services
regarding this Agreement provided by the Administrative Agent and the Joint Lead Arrangers, are
arm’s-length commercial transactions between such Borrower and its Affiliates,

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on the one hand, and the Administrative Agent and the Joint Lead Arrangers, on the other hand,
(B) such Borrower has consulted its own legal, accounting, regulatory and tax advisors to the
extent it has deemed appropriate, and (C) such 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; (ii) (A) the Administrative Agent and the Joint Lead Arrangers, are and have
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 such
Borrower or any of its Affiliates, or any other Person and (B) neither the Administrative Agent nor
the Joint Lead Arrangers have any obligation to such Borrower or any of its Affiliates with respect
to the transactions contemplated hereby except those obligations expressly set forth herein and in
the other Loan Documents; and (iii) the Administrative Agent and the Joint Lead Arrangers and their
respective Affiliates may be engaged in a broad range of transactions that involve interests that
differ from those of such Borrower and its Affiliates, and neither the Administrative Agent nor the
Joint Lead Arrangers have any obligation to disclose any of such interests to such Borrower or its
Affiliates. To the fullest extent permitted by law, each of the Borrowers hereby waives and
releases any claims that it may have against the Administrative Agent and the Joint Lead Arrangers
with respect to any breach or alleged breach of agency or fiduciary duty in connection with any
aspect of any transaction contemplated hereby.

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

     10.18 USA PATRIOT Act. Each Lender that is subject to the Act (as hereinafter defined) and
the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers
that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into
law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information
that identifies the Borrowers, which information includes the name and address of each Borrower and
other information that will allow such Lender or the Administrative Agent, as applicable, to
identify such Borrower in accordance with the Act. Each Borrower shall, promptly following a
request by the Administrative Agent or any Lender, provide all documentation and other information
that the Administrative Agent or such Lender requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering rules and regulations,
including the Act.

     10.19 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another
currency, the rate of exchange used shall be that at which in accordance with normal banking
procedures the Administrative Agent could purchase the first currency with such other currency on
the Business Day preceding that on which final judgment is given. The obligation

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of each Borrower in respect of any such sum due from it to the Administrative Agent or any
Lender hereunder or under the other Loan Documents shall, notwithstanding any judgment in a
currency (the “Judgment Currency”) other than that in which such sum is denominated in
accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be
discharged only to the extent that on the Business Day following receipt by the Administrative
Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment
Currency, the Administrative Agent or such Lender, as the case may be, may in accordance with
normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the
amount of the Agreement Currency so purchased is less than the sum originally due to the
Administrative Agent or any Lender from any Borrower in the Agreement Currency, such Borrower
agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the
Administrative Agent or such Lender, as the case may be, against such loss. If the amount of the
Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent
or any Lender in such currency, the Administrative Agent or such Lender, as the case may be, agrees
to return the amount of any excess to such Borrower (or to any other Person who may be entitled
thereto under applicable law).

     10.20 Implementation of CAM.

     (a) CAM Generally. On the CAM Exchange Date, (a) the Revolving Credit Commitments
shall automatically and without further act be terminated as provided in Section 8.01 and
(b) the Lenders shall automatically and without further act be deemed to have made reciprocal
purchases of interests in the Obligations such that, in lieu of the interest of each Lender in the
particular Designated Obligations that it shall own as of such date and immediately prior to the
CAM Exchange, such Lender shall own an interest equal to such Lender’s CAM Percentage in each
Designated Obligation. Each Lender, each Person acquiring a participation from any Lender as
contemplated by Section 10.06, and each Borrower hereby consents and agrees to the CAM
Exchange. Each Borrower and each Lender agrees from time to time to execute and deliver to the
Administrative Agent all such promissory notes and other instruments and documents as the
Administrative Agent shall request to evidence and confirm the respective interests and obligations
of the Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any
promissory notes originally received by it hereunder to the Administrative Agent against delivery
of any promissory notes so executed and delivered; provided that the failure of any
Borrower to execute or deliver or of any Lender to accept any such promissory note, instrument or
document shall not affect the validity or effectiveness of the CAM Exchange.

     (b) Distributions to the Lenders. As a result of the CAM Exchange, on and after the
CAM Exchange Date, each payment received by the Administrative Agent pursuant to any Loan Document
in respect of the Designated Obligations shall be distributed to the Lenders pro
rata in accordance with their respective CAM Percentages (as may be recalculated pursuant
to Section 10.20(c) below).

     (c) Letters of Credit. In the event that after the CAM Exchange, the aggregate amount
of the Designated Obligations shall change as a result of the L/C Issuer’s honoring a request for
payment under a Letter of Credit, and such payment is not reimbursed by the Borrowers, then (a) the
Administrative Agent shall recalculate the CAM Percentage after giving

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effect to such payment and each Lender’s purchase of its interest and participation in such
Letter of Credit pursuant to Section 2.03(c), and the Lenders shall automatically and
without further act have been deemed to have made reciprocal purchases of interests in the
Designated Obligations such that each Lender shall own an interest equal to such Lender’s
recalculated CAM Percentage and (b) in the event distributions shall have been made in accordance
with the preceding clause (a), the Lenders shall make such payments to one another as shall be
necessary in order that the amounts received by them shall be equal to the amounts they would have
received had the payment by L/C Issuer under the Letter of Credit been made immediately prior to
the CAM Exchange. Each such recalculation shall be binding on each Lender and their successors and
assigns and shall be conclusive absent manifest error.

     10.21 Certain Representations and Confirmations.

     (a) Representation by Lenders. Each Lender party to this Agreement on the date hereof
represents and warrants that on the date hereof it is carrying on the business of providing
finance, or investing or dealing in securities, in the course of operating in financial markets.

     (b) Borrower Confirmation. Each of the Company and the Specified Designated Borrower
confirms that:

     (i) it has made invitations for the participation in the Loans to each Lender party to
this Agreement on the date hereof, each of whom, as at the date the relevant invitation was
made, the Borrower’s relevant officers involved in the transaction on a day to day basis
believe carried on the business of providing finance or investing or dealing in securities
in the course of operating in financial markets, for the purposes of s128F(3A)(a)(i) of the
Australian Tax Act; and

     (ii) none of the potential offerees whose names were disclosed to the Company or the
Specified Designated Borrower by MLPFS before the date of this Agreement were known or
suspected by the Company or the Specified Designated Borrower to be an “Offshore Associate”
(within the meaning of the Australian Income Tax Assessment Act 1936 (Cth)) of either of
them or an “Associate” (within the meaning of the Income Tax Assessment Act of 1936 (Cth))
of any other such offeree.

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

	 	 	 	 	 
	 	WRIGHT EXPRESS CORPORATION

 	 
	 	By:  	/s/ Steven Elder
 	 
	 	 	Name:  	Steven Elder 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

 

 

	 	 	 	 	 
	 	SPECIFIED DESIGNATED BORROWER:

WRIGHT EXPRESS CARD HOLDINGS
 AUSTRALIA PTY LTD

 	 
	 	By:  	/s/ Hilary A. Rapkin
 	 
	 	 	Name:  	Hilary A. Rapkin 	 
	 	 	Title:  	Director 	 
	 	 	 
	 	By:  	                                              /s/ David Geoffrey Howell
 	 
	 	 	Name:  	David Geoffrey Howell 	 
	 	 	Title:  	Director 	 
	 

Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as

Administrative Agent

 	 
	 	By:  	/s/ Maurice Washington
 	 
	 	 	Name:  	Maurice Washington 	 
	 	 	Title:  	Vice President 	 

Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as a Lender, L/C 
Issuer and
Swing Line Lender

 	 
	 	By:  	/s/ Jane A. Parker
 	 
	 	 	Name:  	Jane A. Parker 	 
	 	 	Title:  	Senior Vice President 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	MERRILL LYNCH, PIERCE, FENNER & 
SMITH INCORPORATED,
as a Joint Lead
 Arranger, a Joint Book Manager and a
Co-
Syndication Agent

 	 
	 	By:  	/s/ Geoffrey Ellis
 	 
	 	 	Name:  	Geoffrey Ellis 	 
	 	 	Title:  	Director 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BMO HARRIS FINANCING, INC., as a Lender

 	 
	 	By:  	/s/ Catherine Blaesing
 	 
	 	 	Name:  	Catherine Blaesing 	 
	 	 	Title:  	Vice President 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	FIFTH THIRD BANK, as a Lender

 	 
	 	By:  	/s/ Lydia Altman
 	 
	 	 	Name:  	Lydia Altman 	 
	 	 	Title:  	Vice President 	 

Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	RBS CITIZENS, NATIONAL ASSOCIATION,
 as a Joint Lead
Arranger, a Joint Book Manager and 
a Co-Syndication
Agent

 	 
	 	By:  	/s/ Daryl J. Wentworth
 	 
	 	 	Name:  	Daryl J. Wentworth 	 
	 	 	Title:  	Senior Vice President 	 

Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	RBS CITIZENS, NATIONAL ASSOCIATION,
 as a Lender

 	 
	 	By:  	/s/ Daryl J. Wentworth
 	 
	 	 	Daryl J. Wentworth 	 
	 	 	Its Senior Vice President 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SUNTRUST ROBINSON HUMPHREY, INC.,
 as a Joint Lead
Arranger, a Joint Book Manager and
 a Co-Syndication
Agent

 	 
	 	By:  	/s/ Todd M. Koetje
 	 
	 	 	Name:  	Todd M. Koetje 	 
	 	 	Title:  	Managing Director 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SUNTRUST BANK, as a Lender

 	 
	 	By:  	/s/ David Bennett
 	 
	 	 	Name:  	David A. Bennett 	 
	 	 	Title:  	Vice President 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	WELLS FARGO SECURITIES, LLC, as a Joint
 Lead Arranger
and a Joint Book Manager

 	 
	 	By:  	/s/ Marc Birenbaum
 	 
	 	 	Name:  	Marc Birenbaum 	 
	 	 	Title:  	Managing Director 	 
	 
	 	WELLS FARGO BANK, N.A., as a Co-Syndication Agent

 	 
	 	By:  	/s/ David M. Crane
 	 
	 	 	Name:  	David M. Crane 	 
	 	 	Title:  	Vice President 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., as a Lender

 	 
	 	By:  	/s/ David M. Crane
 	 
	 	 	Name:  	David M. Crane 	 
	 	 	Title:  	Vice President 	 

Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE HUNTINGTON NATIONAL BANK, as a Lender

 	 
	 	By:  	/s/ Chad A. Lowe
 	 
	 	 	Name:  	Chad A. Lowe 	 
	 	 	Title:  	Vice President 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	PEOPLE’S UNITED BANK, as a Lender

 	 
	 	By:  	/s/ Kim Lane
 	 
	 	 	Name:  	Kim Lane 	 
	 	 	Title:  	SVP 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Neil C. Buitenhuys
 	 
	 	 	Name:  	Neil C. Buitenhuys 	 
	 	 	Title:  	Senior Vice President 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ,

LTD., as a Lender

 	 
	 	By:  	/s/ Oscar D. Cortez
 	 
	 	 	Name:  	Oscar D. Cortez 	 
	 	 	Title:  	Vice President 	 

 Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING

CORPORATION, as a Lender

 	 
	 	By:  	/s/ David Kee
 	 
	 	 	Name:  	David Kee 	 
	 	 	Title:  	Joint General Manager 	 
	 

 Credit Agreement

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