Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Eagle Ridge Ventures Inc. - Exhibit 10.2

AGREEMENT FOR MANAGEMENT SERVICES

AGREEMENT made and entered into as of this first day of
September, 2005 (the "Agreement"), by and between Freshly Pressed Enterprises
Inc., (the "Company") with its principal offices at 902 - 1022 Nelson Street,
Vancouver, B.C., V6E 4S7, and Greg McAdam (the "Consultant").

Whereas, the Company is in the business of buying,
selling and shipping reclaimed textiles throughout the world.

Whereas, the Consultant is in the business of providing
business advice and management services to companies and the Company believes
such experience is in its best interest to utilize, and 

Whereas, the Company formally desires to engage
Consultant to continue to provide such services in accordance with the terms and
conditions hereinafter set forth; 

Now, therefore, the Company and Consultant agree as follows:

1. Engagement. The Company agrees to engage Consultant
  and Consultant agrees to provide business advice and management services to
  the Company and to act as a director of, and as the President and Secretary
  of, the Company (collectively, the “Services”).

2. Term. The term of this agreement shall
commence on the date hereof and shall continue for a period of one year. 

3. Services. In providing the Services to the
Company, the Company shall render advice and assistance to the Company on all
business matters, including, but not limited to, the following: 

(a) managing, supervising and coordinating the daily business
operations of the Company;

(b) advising the Company with respect to on-going strategic
corporate planning, creating projections and long term corporate development
policies; 

(c) advising and assisting the Company in identifying, studying
and evaluating acquisition, joint venture, partnerships and strategic alliances
including the preparation of economic analysis of proposals, reports, outlines
and studies thereon when advisable, and assisting in negotiations and
discussions pertaining thereto; 

(d) assisting the Company in obtaining technical and advisory
assistance from other professionals where necessary or advisable; 

(e) advising and assisting the Company in the identification
and selection of additional staff, employees and professional advisors and
assist the Company in the evaluation, redeployment and/or retention of existing
employees; and

(f) assisting in the creation of accounting and financial
systems.

 2

4. Compensation. The Company agrees to pay Consultant a sum of $2,900 Cdn for the month of September, 2005, and $2,800 Cdn per month thereafter, for the term of the Agreement. 

5. Best Efforts Basis. Consultant agrees that he will at all times use his best efforts to advance the interests of the Company and will act faithfully and industriously and, to the best of his experience, ability and talents, perform
the Services. Consultant further covenants and agrees with the Company that he will not engage in any activities that would bring the Company’s reputation into disrepute and that he will at all times act in the best interests of the Company.
The Company specifically acknowledges and agrees, however, that the services to be rendered by Consultant shal1 be conducted on a "best-efforts" basis and Consultant has not, cannot and does not guarantee that his efforts will have any impact on the
Company's business or that any subsequent corporate improvement will result from his efforts. 

 6. Non-Exclusive Services. Subject to Section
  5 hereof, the Company understands that Consultant is currently providing certain
  advisory and business development services to other individuals and entities
  and agrees that Consultant is not prevented or barred from rendering services
  of the same nature or a similar nature to any other individuals or entities.

7. Consultant Not an Employee. Consultant acknowledges and agrees with the Company that he will at all times be an independent contractor and shall not at any time be or be deemed to be an employee of the Company.

 8. Representations and Warranties of the Company.
  The Company represents and warrants to Consultant, each such representation
  and warranty being deemed to be material, that: 

(a) The Company will cooperate fully and timely with Consultant to enable Consultant to perform his obligations under this Agreement; 

(b)The performance by the Company of this Agreement will not violate any applicable court decree, law or regulation nor it will violate any provision of the organizational documents of the Company or any contractual obligation by which the Company
may be bound; and

(c) Because Consultant will rely upon information being supplied it by the Company, all such information shall be true, accurate, complete and not misleading, in all material respects.

9. Representations and Warranties of Consultant. Consultant represents and warrants to the Company, each such representation and warranty being deemed to be material, that: 

(a) He has full power and authority to enter into this Agreement, to enter into a consulting relationship with the Company and to otherwise perform this Agreement and the Services in the time and manner contemplated; 

(b) He has the requisite skill and experience to perform the Services and to carry out and fulfill his duties and obligations hereunder; 

 3

10. Confidentiality. Until such time as the same may become publicly known, Consultant agrees that any information provided it by the Company, of a confidential nature will not be revealed or disclosed to any person or entities, except
in the performance of this Agreement and the Services, and upon completion of the term of this Agreement and upon the written request of the Company, any original documentation provided by the Company will be returned to it. Consultant will, where
it deems necessary, require confidentiality agreements from any associated persons where it reasonably believes they will come in contact with confidential material. 

11. Notice. All notices, requests, demands and other communications provided for by this Agreement shall, where practical, be in writing and shall be deemed to have been given when mailed at any general or branch Canada Post office
enclosed in a certified post-paid envelope and addressed to the address of the respective party first above stated. Any notice of change of address shall only be effective however, when received. 

12. Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the Company, its successors, and assigns, including, without limitation, any corporation which may acquire all or substantially all of the
Company's assets and business or into which the Company may be consolidated or merged and Consultant and his heirs and administrators. 

Consultant agrees that it will not sell, assign, transfer, convey, pledge or encumber this Agreement or his right, title or interest herein, without the prior written consent of the Company, this Agreement being intended to secure the personal
services of Consultant. 

13. Termination. Consultant agrees that the Company may terminate this Agreement at any time by providing prior written notice of termination to Consultant. Any notice of termination shall only be effective however, when received. 

The Company agrees that Consultant may terminate this Agreement at any time by providing prior written notice of termination to the Company. Any notice of termination shall only be effective however, when received. 

14. Applicable Law. This Agreement shall be deemed to be a contract made under the laws of the Province of British Columbia, and for all purposes shall be construed in accordance with the laws of said province.

15. Other Agreements. This Agreement supersedes all prior understandings and agreements between the parties. This Agreement may not be amended orally, but only by a writing signed by the parties hereto. 

16. Non-Waiver. No delay or failure by either party in exercising any right under this Agreement, and no partial or single exercise of that right shall constitutes a waiver of that or any other right. 

17. Heading. Headings in this Agreement are for convenience only and shall not be used to interpret or construe its provisions. 

 4

 18. Counterparts. This Agreement may be executed
  in two or more counterparts, each of which shall be deemed an original but all
  of which together shall constitute one and the same instrument. 

In Witness Whereof, the parties hereto have executed this Agreement the day and year first above written. 

Freshly Pressed Enterprises, Inc. 

 By      /s/ Greg McAdam_______________

  Greg McAdam, President

Consultant

 By     /s/ Greg McAdam_______________

  Greg McAdamExhibit 10.1

    
      
        
          

        
Exhibit
        10.1

    

     

    
      

      

    

     

    Execution
      Version

    

    

    

    

    

    

    

    

    

    

    

    

    SECOND
      AMENDED AND RESTATED CREDIT AGREEMENT

    

    Dated
      as of
      February 17, 2006

    

    among

    

    INSITUFORM
      TECHNOLOGIES, INC.,

    as
      Borrower,

    

    BANK
      OF
      AMERICA, N.A.,

    as
      Administrative
      Agent and

    L/C
      Issuer,

    and

    The
      Other Lenders
      Party Hereto

    

    

    

    

    

    

    

    
      

      

    

    

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    Table
      of
      Contents

     

    Page

     

    
      	
              ARTICLE
                I
                .

            	DEFINITIONS
              AND ACCOUNTING TERMS	
              1

            
	
              1.01

            	Defined
              Terms.	
              1

            
	
              1.02

            	Other
              Interpretive Provisions.	
              12

            
	
              1.03

            	Accounting
              Terms.	
              12

            
	
              1.04

            	Rounding.	
              12

            
	
              1.05

            	Times
              of Day.	
              12

            
	
              1.06

            	Letter
              of Credit Amounts.	
              13

            
	 	 	
            
	
              ARTICLE
                I
                I.

            	THE
              COMMITMENTS AND CREDIT EXTENSIONS	
               13

            
	
              2.01

            	Committed
              Loans.	
               13

            
	
              2.02

            	Borrowings,
              Conversions and Continuations of Committed
              Loans.	
               13

            
	
              2.03

            	Letters
              of Credit.	
               14

            
	
              2.04

            	[Reserved].	
               19

            
	
              2.05

            	Prepayments.	
               19

            
	
              2.06

            	Termination
              or Reduction of Commitments.	
                20

            
	
              2.07

            	Repayment
              of Loans.	
               20

            
	
              2.08

            	Interest.	
               20

            
	
              2.09

            	Fees.	
               20

            
	
              2.10

            	Computation
              of Interest and Fees.	
               21

            
	
              2.11

            	Evidence
              of Debt.	
               21

            
	
              2.12

            	Payments
              Generally; Agent’s Clawback.	
               21

            
	
              2.13

            	Sharing
              of Payments.	
               22

            
	 	 	 
	
              ARTICLE
                III
                .

            	TAXES,
              YIELD PROTECTION AND ILLEGALITY	
               23

            
	
              3.01

            	Taxes.	
               23

            
	
              3.02

            	Illegality.	
               23

            
	
              3.03

            	Inability
              to Determine Rates.	
               24

            
	
              3.04

            	Increased
              Costs	
               24

            
	
              3.05

            	Compensation
              for Losses.	
               25

            
	
              3.06

            	Mitigation
              Obligations.	
               25

            
	
              3.07

            	Survival.	
               25

            
	 	 	 
	
              ARTICLE
                IV.

            	CONDITIONS
              PRECEDENT TO CREDIT
              EXTENSIONS	
               25

            
	
              4.01 

            	
              Conditions
                of Initial Credit Extension.

            	
               25

            
	
              4.02

            	Conditions
              to all Credit Extensions.	
               27

            
	 	 	 
	
              ARTICLE
                V.

            	REPRESENTATIONS
              AND WARRANTIES	
               27

            
	
              5.01 

            	
              Existence,
                Qualification and Power; Compliance with
                Laws.

            	
               27

            
	
              5.02

            	Authorization;
              No Contravention.	
               27

            
	
              5.03

            	Governmental
              Authorization; Other Consents.	
               28

            
	
              5.04

            	Binding
              Effect.	
               28

            
	
              5.05

            	Financial
              Statements; No Material Adverse Effect; No Internal
              Control Event.	
               28

            
	
              5.06

            	Litigation.	
               28

            
	
              5.07

            	No
              Default.	
               28

            
	
              5.08

            	Ownership
              of Property; Liens.	
               28

            
	
              5.09

            	Environmental
              Compliance.	
               29

            
	
              5.10

            	Insurance.	
               29

            
	
              5.11

            	Taxes.	
               29

            
	
              5.12

            	ERISA
              Compliance.	
               29

            
	
              5.13

            	Subsidiaries.	
               29

            
	
              5.14

            	Margin
              Regulations; Investment Company Act; Public Utility
              Holding Company Act.	
               29

            

    

     

     

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

     

    
      	
              5.15

            	Disclosure.	
              30

            
	
              5.16

            	Compliance
              with Laws.	
               30

            
	
              5.17

            	Intellectual
              Property; Licenses, Etc.	
               30

            
	
              5.18

            	Labor
              Disputes.	
               30

            
	
              5.19

            	Existing
              Indebtedness; Burdensome Obligations.	
               30

            
	
              5.20

            	Bonding
              Capacity.	
               30

            
	 	 	 
	
              ARTICLE
                VI.

            	AFFIRMATIVE
              COVENANTS	
              30

            
	
              6.01

            	Financial
              Statements.	
               30

            
	
              6.02

            	Certificates;
              Other Information.	
               31

            
	
              6.03

            	Notices.	
               32

            
	
              6.04

            	Payment
              of Obligations.	
               32

            
	
              6.05

            	Preservation
              of Existence, Etc.	
               32

            
	
              6.06

            	Maintenance
              of Properties.	
               33

            
	
              6.07

            	Maintenance
              of Insurance.	
               33

            
	
              6.08

            	Compliance
              with Laws.	
               33

            
	
              6.09

            	Books
              and Records.	
               33

            
	
              6.10

            	Inspection
              Rights.	
               33

            
	
              6.11

            	Use
              of Proceeds.	
               33

            
	
              6.12

            	Additional
              Guarantors.	
               33

            
	
              6.13

            	Pari
              Passu Ranking.	
               33

            
	
              6.14

            	Principal
              Depository Bank.	
               34

            
	 	 	 
	
              ARTICLE
                VII.

            	NEGATIVE
              COVENANTS	
               34

            
	
              7.01

            	
              Use
                of Proceeds.

            	
               34

            
	
              7.02

            	Note
              Purchase Agreements.	
               34

            
	
              7.03

            	Amendments;
              Prepayments.	
               34

            
	
              7.04

            	Conflicting
              Agreements.	
               34

            
	 	 	 
	
              ARTICLE
                VIII.

            	EVENTS
              OF DEFAULT AND REMEDIES	
               34

            
	
              8.01

            	Events
              of Default. Any of the following shall constitute an
              Event of Default:	
               34

            
	
              8.02

            	Remedies
              Upon Event of Default.	
               35

            
	
              8.03

            	Application
              of Funds.	
               36

            
	 	 	 
	
              ARTICLE
                IX.

            	ADMINISTRATIVE
              AGENT	
               36

            
	
              9.01

            	Appointment
              and Authorization of Administrative
              Agent.	
               36

            
	
              9.02

            	Rights
              as a Lender.	
               36

            
	
              9.03

            	Exculpatory
              Provisions.	
               36

            
	
              9.04

            	Reliance
              by Administrative Agent.	
               37

            
	
              9.05

            	Delegation
              of Duties.	
               37

            
	
              9.06

            	Resignation
              of Agent.	
               37

            
	
              9.07

            	Non-Reliance
              on Agent and Other Lenders.	
               38

            
	
              9.08

            	No
              Other Duties, Etc.	
               38

            
	
              9.09

            	Administrative
              Agent May File Proofs of Claim.	
               38

            
	
              9.10

            	Guaranty
              Matters.	
               39

            
	 	 	 
	
              ARTICLE
                X.

            	MISCELLANEOUS	
               39

            
	
              10.01

            	Amendments,
              Etc.	
               39

            
	
              10.02

            	Notices;
              Effectiveness; Electronic
              Communications.	
               39

            
	
              10.03

            	No
              Waiver; Cumulative Remedies.	
               41

            
	
              10.04

            	Expenses;
              Indemnity; Damage Waiver.	
               41

            
	
              10.05

            	Payments
              Set Aside.	
               42

            
	
              10.06

            	Successors
              and Assigns.	
              42

            
	
              10.07

            	Treatment
              of Certain Information;
              Confidentiality.	
               44

            
	
              10.08

            	Right
              of Setoff.	
               44

            
	
              10.09

            	Interest
              Rate Limitation.	
               45

            

    

     

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

       

    

    
      	
              10.10

            	Counterparts;
              Integration; Effectiveness.	
               45

            
	
              10.11

            	Survival
              of Representations and Warranties.	
               45

            
	
              10.12

            	Severability.	
               45

            
	
              10.13

            	Governing
              Law; Jurisdiction; Etc.	
               45

            
	
              10.14

            	Waiver
              of Right to Trial by Jury.	
               46

            
	
              10.15

            	USA
              PATRIOT Act Notice.	
               46

            
	
              10.16

            	Time
              of the Essence.	
               46

            
	
              10.17

            	Oral
              Agreements.	
               46

            
	 	 	
               

            
	
              SCHEDULES

            	 	 
	
              2.01

            	Commitments
              and
              Applicable Percentages	 
	
              2.03

            	Existing
              Letters
              of Credit	 
	
              5.06

            	Litigation	 
	
              5.08

            	Existing
              Liens	 
	
              5.09

            	Environmental
              Matters	 
	
              5.13

            	Subsidiaries
              and
              Other Equity Investments	 
	
              5.19

            	Existing
              Indebtedness	 
	
              10.02

            	Administrative
              Agent’s Office, Certain Addresses for Notices	 
	 	 	 
	
              EXHIBITS

            	 	 
	 	 	 
	
              A

            	Form of Committed
              Loan Notice	 
	
              B

            	Form of
              Note	 
	
              C

            	Form of Compliance
              Certificate	 
	
              D

            	Form of Assignment
              and Assumption	 
	 	 	 
	 	 	 

    

    
 

    
      
        
        

      

      
        iii

        
          

        

      

      
        
        

      

    

    SECOND
      AMENDED AND RESTATED CREDIT AGREEMENT

    

    SECOND
      AMENDED AND RESTATED CREDIT AGREEMENT
      (this“Agreement”)
      is entered into
      as of February 17, 2006, among INSITUFORM TECHNOLOGIES, INC., a Delaware
      corporation (“Borrower”),
      each lender from
      time to time party hereto (collectively, “Lenders”
      and individually,
      a“Lender”),
      and BANK OF
      AMERICA, N.A., as Administrative Agent and L/C Issuer.

    

    WHEREAS,
      the
      Borrower and Agent are parties to that certain Amended and Restated Credit
      Agreement dated as of March 12, 2004, as amended by that certain First Amendment
      to Credit Agreement dated as of March 16, 2005 (collectively, the “Existing
      Credit Agreement”);

    

    WHEREAS,
      Borrower
      has requested that Lenders provide a revolving credit and letter of credit
      facility, and Lenders are willing to do so on the terms and 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:

     

    “Administrative
      Agent”
      or “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 Agent’s
      address and, as appropriate, account as set forth on Schedule
      10.02,
      or such other
      address or account as Agent may from time to time notify Borrower and
      Lenders.

     

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

     

    “Agent
      Fee
      Letter”
      has the meaning
      specified in Section
      2.09(b).

     

    “Aggregate
      Commitments”
      means the
      Commitments of all Lenders.

     

    “Agreement”
      means
      this Second
      Amended and Restated Credit Agreement.

     

    “Applicable
      Percentage” means
      with respect
      to any Lender at any time, the percentage (carried out to the ninth decimal
      place) of the Aggregate Commitments represented by such Lender’s 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
      Aggregate Commitments have expired, then the Applicable Percentage of each
      Lender shall be determined based on the Applicable Percentage of such Lender
      most recently in effect, giving effect to any subsequent assignments. The
      initial Applicable Percentage of each Lender 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, from time
      to time, the following percentages per annum, based upon the Consolidated
      Leverage Ratio (as defined in the Note Purchase Agreements) as set forth in
      the
      most recent Compliance Certificate received by Agent pursuant to Section
      6.02(b):

     

    
      	 	 	 	
              APPLICABLE
                RATE

            	 
	
               

              Pricing
                Level

            	
               

              Consolidated
                Leverage Ratio

            	
              Base
                Rate Loans

            	
              Eurodollar
                Loans and

              Letters
                of Credit

            	
              Commitment
                Fee

            
	
              Level
                V

            	
              >
2.5
                to
                1.0

            	
              0.00%

            	
              2.00%

            	
              0.250%

            
	
              Level
                IV

            	
              >
2.0
                to
                1.0 but < 2.5 to 1.0

            	
              0.00%

            	
              1.75%

            	
              0.225%

            
	
              Level
                III

            	
              >
1.5
                to
                1.0 but < 2.0 to 1.0

            	
              0.00%

            	
              1.50%

            	
              0.200%

            
	
              Level
                II

            	
              >
1.0
                to
                1.0 but < 1.5 to 1.0

            	
              0.00%

            	
              1.25%

            	
              0.175%

            
	
              Level
                I

            	
              <
1.0
                to
                1.0

            	
              0.00%

            	
              1.00%

            	
              0.175%

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Any
      increase or
      decrease in the Applicable Rate resulting from a change in the Consolidated
      Leverage Ratio shall become effective commencing on the 5th 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 V shall apply commencing on the 5th Business Day
      following the date such Compliance Certificate was required to have been
      delivered. The Applicable Rate in effect on the Closing Date shall be determined
      based upon Pricing Level IV.

    

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

     

    “Audited
      Financial Statements”
means
      the audited
      consolidated balance sheet of Borrower and its Subsidiaries for the fiscal
      year
      ended December 31, 2004, and the related consolidated statements of income
      or
      operations, shareholders’ equity and cash flows for such fiscal year of Borrower
      and its Subsidiaries, including the notes thereto.

     

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

     

    “Base
      Rate
      Committed Loan”
means
      a Committed
      Loan that is a Base Rate Loan.

     

    “Base
      Rate
      Loan”
means
      a Loan that
      bears interest based on the Base Rate.

     

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

     

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

     

    “Borrowing”
means
      a Committed
      Borrowing.

     

    “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
      Administrative Agent’s Office is located and, if such day relates to any
      Eurodollar Rate Loan, means any such day on which dealings in Dollar deposits
      are conducted by and between banks in the London interbank eurodollar market.
      

     

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

     

    “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
      or application thereof by any Governmental Authority or (c) the making or
      issuance of any request, guideline or directive (whether or not having the
      force
      of law) by any Governmental Authority.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

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

     

    “Code”
means
      the
      Internal Revenue Code of 1986.

     

    “Commitment”
means,
      as to
      each Lender, its obligation to (a) make Committed Loans to Borrower pursuant
      to
Section
      2.01,
      and (b) purchase
      participations in L/C Obligations, 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
      or in the
      Assignment and Assumption pursuant to which such Lender becomes a party hereto,
      as applicable, as such amount may be adjusted from time to time in accordance
      with this Agreement.

     

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

     

    “Committed
      Loan”
has
      the meaning
      specified in Section
      2.01.

     

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

     

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

     

    “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,
      conservatorship, bankruptcy, assignment for the benefit of creditors,
      moratorium, rearrangement, receivership, insolvency, reorganization, or similar
      debtor relief Laws of the United States or other applicable jurisdictions from
      time to time in effect and affecting the rights of creditors
      generally.

     

    “Default”
means
      any event
      or condition that 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 L/C 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 Eurodollar Rate Loan, the Default Rate shall be an interest rate equal
      to
      the interest rate (including any Applicable Rate) otherwise applicable to such
      Loan plus 2% per annum, and (b) when used with respect to L/C Fees, a rate
      equal
      to the Applicable Rate plus 2% per annum.

     

    “Defaulting
      Lender”
means
      any Lender
      that (a) has failed to fund any portion of the Committed Loans or participations
      in L/C Obligations required to be funded by it hereunder within one Business
      Day
      of the date required to be funded by it hereunder, (b) has otherwise failed
      to
      pay over to Agent or any other Lender any other amount required to be paid
      by it
      hereunder within one Business Day of the date when due, unless the subject
      of a
      good faith dispute, or (c) has been deemed insolvent or become the subject
      of a
      bankruptcy or insolvency proceeding.

     

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

     

    “Eligible
      Assignee”
means
      (a) a
      Lender; (b) an Affiliate of a Lender; and (c) any other Person (other than
      a
      natural person) approved by (i) Agent, and (ii) unless an Event of Default
      has
      occurred and is continuing, Borrower (each such approval not to be

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    unreasonably
      withheld or delayed);
      provided
      that
      notwithstanding the foregoing, “Eligible Assignee” shall not include Borrower or
      any of Borrower’s Affiliates or Subsidiaries. 

     

    “Environmental
      Laws”
means
      any and all
      Federal, state, local, and foreign statutes, laws, regulations, ordinances,
      rules, judgments, orders, decrees, permits, concessions, grants, franchises,
      licenses, agreements or governmental restrictions 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 Borrower,
      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.

     

    “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, all of the
      securities convertible into or exchangeable for shares of capital stock of
      (or
      other ownership or profit interests in) such Person or warrants, rights or
      options for the purchase or acquisition from such Person of such shares (or
      such
      other interests), and all of the other ownership or profit interests in such
      Person (including partnership, member or trust interests therein), whether
      voting or nonvoting, and whether or not such shares, warrants, options, rights
      or other interests are outstanding on any date of determination.

     

    “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 Borrower
      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) a withdrawal by Borrower
      or
      any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during
      a plan year in which it was a substantial employer (as defined in Section
      4001(a)(2) of ERISA) or a cessation of operations that is treated as such a
      withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal
      by 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 Plan amendment as a termination under
      Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the
      PBGC
      to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition
      which constitutes grounds under Section 4042 of ERISA for the termination of,
      or
      the appointment of a trustee to administer, any Pension Plan or Multiemployer
      Plan; or (f) the imposition of any liability under Title IV of ERISA, other
      than
      for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon
      Borrower or any ERISA Affiliate.

     

    “Eurodollar
      Base
      Rate”
has
      the meaning
      specified in the definition of Eurodollar Rate.

     

    “Eurodollar
      Rate”
means
      for any
      Interest Period with respect to a Eurodollar Rate Loan, a rate per annum
      determined by Agent pursuant to the following formula:

     

    

      
        	
                 

              	
                Eurodollar
                  Rate =   

              	
                Eurodollar
                  Base Rate

              
	
                 

              	 	
                1.00 −
                  Eurodollar Reserve Percentage

              

      

    

    Where,

     

    “Eurodollar
      Base
      Rate”
means,
      for such Interest Period (rounded upwards, as necessary, to the nearest 1/100
      of
      1%) 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 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 Dollar deposits (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 “Eurodollar
      Base
      Rate”
for
      such Interest
      Period (rounded upwards, as necessary, to the nearest 1/100 of 1%) shall be
      the
      rate per annum determined by Agent to be

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    the
      rate at which
      deposits in Dollars for delivery on the first day of such Interest Period in
      same day funds in the approximate amount of the Eurodollar 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 to major
      banks in the London interbank eurodollar market at their request at
      approximately 11:00 a.m. (London time) two Business Days prior to the
      commencement of such Interest Period.

     

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

    

    “Eurodollar
      Rate
      Loan”
means
      a Committed
      Loan that bears interest at a rate based on the Eurodollar Rate.

     

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

     

    “Excluded
      Taxes”
means,
      with
      respect to 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 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, and
      (b)
      any branch profits taxes imposed by the United States or any similar tax imposed
      by any other jurisdiction in which Borrower is located.

     

    “Existing
      Letters
      of Credit”
means
      those
      letters of credit issued on behalf of the Borrower in existence as of the
      Closing Date and as set forth on Schedule
      2.03
      hereto.

     

    “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
      Agent. 

     

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

     

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

     

    “Governmental
      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

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    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.

     

    “Guarantors”
means,
      except for
      Insituform (Netherlands) B.V., Inc., all domestic Subsidiaries of Borrower,
      whether in existence at the Closing Date or as may become a Subsidiary at any
      time during the period of this Agreement, and each of them shall be referred
      to
      herein as a “Guarantor”.

    

    “Guaranty”
means
      that
      certain Master Guaranty of even date herewith made by the Guarantors, including
      any Guarantor which shall join such Guaranty after the Closing Date and any
      separate Guaranty which may be made by a Guarantor, in each case, in favor
      of
      Agent for the benefit of the Lenders, in form and substance satisfactory to
      Agent.

     

    “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.

     

    “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, not past due for more than 60 days after the date on which such trade
      account payable was created);

     

    (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;

     

    (f) capital
      leases and
      Synthetic Lease Obligations; 

     

    (g) all
      obligations of
      such Person to purchase, redeem, retire, defease or otherwise make any payment
      in respect of any Equity Interest in such Person or any other Person, valued,
      in
      the case of a redeemable preferred interest, at the greater of its voluntary
      or
      involuntary liquidation preference plus
      accrued and unpaid
      dividends; 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 or Synthetic Lease Obligation
      as
      of any date shall be deemed to be the amount of Attributable Indebtedness in
      respect thereof as of such date.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    “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.

     

    “Intercreditor
      Agreement”
means
      that
      certain Amended and Restated Intercreditor Agreement dated April 24, 2003
      herewith by and among Bank of America and the Noteholders party thereto (as
      each
      such term is defined therein), as the same may be further amended, restated,
      supplemented or otherwise modified form time to time.

     

    “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 Eurodollar 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, the
      last
      Business Day of each March, June, September and December and the Maturity
      Date.

     

    “Interest
      Period”
means,
      as to each
      Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate
      Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and
      ending on the date one, two, three or six months, as applicable thereafter,
      as
      selected by Borrower in its Committed Loan Notice; 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

     

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

     

    “Internal
      Control
      Event”
means
      a material
      weakness in, or fraud that involves management or other employees who have
      a
      significant role in, Borrower’s internal controls over financial reporting, in
      each case as described in the Securities Laws.

     

    “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.

     

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

     

    “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.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    “L/C
      Advance”
means,
      with
      respect to each Lender, such Lender’s funding of its participation in any L/C
      Borrowing in accordance with its Applicable Percentage.

     

    “L/C
      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.

     

    “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 Committed
      Borrowing.

     

    “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.

     

    “L/C
      Expiration
      Date”
means
      April 30,
      2008. 

     

    “L/C
      Fee”
has
      the meaning
      specified in Section
      2.03(i).

     

    “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
      1.06.
      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.

     

    “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 Borrower and Agent.

     

    “Letter
      of
      Credit”
means
      any letter
      of credit issued hereunder and shall include the Existing Letters of Credit.
      A
      Letter of Credit may be a commercial Letter of Credit or a standby Letter of
      Credit.

     

    “Lien”
means
      any
      mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance,
      lien (statutory or other), charge, or preference, priority 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 Borrower under Article
      II
      in the form of a Committed Loan.

     

    “Loan
      Documents”
means
      this
      Agreement, each Note, each Issuer Document, the Guaranty and the Agent Fee
      Letter, along with such certificates, filings and additional agreements as
      may
      be required to effect each of the foregoing.

     

    “Loan
      Parties”
means,
      collectively, Borrower and each Person (other than Agent, the L/C Issuer, or
      any
      Lender) executing a Loan Document including, without limitation, each
      Guarantor.

     

    “Material
      Adverse
      Effect”
means
      (a) a
      material adverse change in, or a material adverse effect upon, the operations,
      business, properties, liabilities (actual or contingent), condition (financial
      or otherwise) or prospects of Borrower or Borrower and its Subsidiaries taken
      as
      a whole; (b) a material impairment of the ability of any Loan Party to perform
      its obligations under any Loan Document to which it is a party; or (c) a
      material adverse effect upon the legality, validity, binding effect or
      enforceability against any Loan Party of any Loan Document to which it is a
      party.

     

    “Maturity
      Date”
means
      April 30,
      2008.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    “Multiemployer
      Plan”
means
      any
      employee benefit plan of the type described in Section 4001(a)(3) of ERISA,
      to
      which 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.

     

    “Note”
means
      a
      promissory note made by Borrower in favor of a Lender evidencing Loans made
      by
      such Lender, substantially in the form of Exhibit
      B.

     

    “Note
      Purchase
      Agreement-1997”
means
      the Note
      Purchase Agreement dated February 14,1997, as amended to and including the
      Closing Date, among Borrower and other parties signatory thereto under which
      Borrower issued certain 7.88% Senior Notes, Series A, due February 14, 2007,
      of
      $110,000,000 aggregate principal amount, provided,
however,
      that, except with
      respect to Section
      8.01(e)
      of this Agreement
      (which is a cross default to other Indebtedness, including the Note Purchase
      Agreement-1997 as in effect from time to time), after the Closing Date, no
      amendments to, or waivers of, the terms, conditions and definitions of the
      Note
      Purchase Agreement-1997 referred to or incorporated by reference herein shall
      be
      deemed to amend or waive such terms, conditions or definitions for purposes
      of
      this Agreement unless the Required Lenders separately agree or consent thereto
      hereunder. The terms, conditions definitions referred to or incorporated by
      reference herein will survive termination, restatement or cancellation of the
      Note Purchase Agreement-1997 for purposes of this Agreement (other than
Section
      8.01(e)).

     

    “Note
      Purchase
      Agreement-2003”
means
      the Note
      Purchase Agreement dated April 24, 2003, as amended to and including the Closing
      Date, among Borrower and other parties signatory thereto under which Borrower
      issued certain 5.29% Senior Notes, Series 2003-A, due April 24, 2013, of
      $65,000,000 aggregate principal amount, provided,
however,
      that, except with
      respect to Section
      8.01(e)
      of this Agreement
      (which is a cross default to other Indebtedness, including the Note Purchase
      Agreement-2003 as in effect from time to time), after the Closing Date, no
      amendments to, or waivers of, the terms, conditions and definitions of the
      Note
      Purchase Agreement-2003 referred to or incorporated by reference herein shall
      be
      deemed to amend or waive such terms, conditions or definitions for purposes
      of
      this Agreement unless the Required Lenders separately agree or consent thereto
      hereunder. The terms, conditions definitions referred to or incorporated by
      reference herein will survive termination, restatement or cancellation of the
      Note Purchase Agreement-2003 for purposes of this Agreement (other than
Section
      8.01(e)).

     

    “Note
      Purchase
      Agreements”
means
      collectively Note Purchase Agreement-1997 and Note Purchase Agreement-2003,
      and
      each shall be referred to herein as a “Note
      Purchase
      Agreement”.

     

    “Obligations”
means
      all
      advances to, and debts, liabilities, obligations, covenants and duties of,
      any
      Loan Party arising under any Loan Document or otherwise with respect to any
      Loan
      or Letter of Credit, 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 thereof 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. 

     

    “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. jurisdiction); (b) with respect to any limited liability company,
      the
      certificate or articles of formation or organization and operating agreement;
      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, intangible or documentary 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.

     

    “Outstanding
      Amount”
means
      (i)
      with respect to Committed Loans on any date, the aggregate outstanding principal
      amount thereof after giving effect to any borrowings and prepayments or
      repayments of Committed Loans, as the case may be, occurring on such date;
      and
      (ii) with respect to any L/C Obligations on any date, the amount of such L/C
      Obligations on such date after giving effect to 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
      Borrower of Unreimbursed Amounts.

     

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

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    “PBGC”
means
      the Pension
      Benefit Guaranty Corporation.

     

    “Pension
      Plan”
means
      any
“employee pension benefit plan” (as such term is defined in Section 3(2) of
      ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA
      and is sponsored or maintained by Borrower or any ERISA Affiliate or to which
      Borrower or any ERISA Affiliate contributes or has an obligation to contribute,
      or in the case of a multiple employer or other plan described in Section 4064(a)
      of ERISA, has made contributions at any time during the immediately preceding
      five plan years.

     

    “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” (as such term is defined in Section 3(3) of ERISA)
      established by Borrower or, with respect to any such plan that is subject to
      Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate.

     

    “Platform”
has
      the meaning
      specified in Section
      6.02.

     

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

     

    “Registered
      Public Accounting Firm”
has
      the meaning
      specified in the Securities Laws and shall be independent of Borrower as
      prescribed by the Securities Laws.

     

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

     

    “Reportable
      Event”
means
      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.

     

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

     

    “Required
      Lenders”
means,
      as of any
      date of determination, Lenders having more than 75% of the Aggregate Commitments
      or, 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,
      Lenders holding
      in the aggregate more than 75% of the Total Outstandings (with the aggregate
      amount of each Lender’s risk participation and funded participation in L/C
      Obligations being deemed “held” by such Lender for purposes of this definition);
provided
      that the
      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.

     

    “Responsible
      Officer”
means
      the chief
      executive officer, president, chief financial officer, controller, treasurer,
      assistant treasurer or general counsel of a Loan Party. Any document delivered
      hereunder that is signed by a Responsible Officer of a Loan Party shall be
      conclusively presumed to have been authorized by all necessary corporate,
      partnership and/or other action on the part of such Loan Party and such
      Responsible Officer shall be conclusively presumed to have acted on behalf
      of
      such Loan Party.

     

    “Restricted
      Payment”
means
      any
      dividend or other distribution (whether in cash, securities or other property)
      with respect to any capital stock or other Equity Interest of Borrower 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
      Borrower’s stockholders, partners or members (or the equivalent Person
      thereof).

     

    “Sarbanes-Oxley”
means
      the
      Sarbanes-Oxley Act of 2002.

     

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

     

    “Securities
      Laws”
means
      the
      Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley
      and
      the applicable accounting and auditing principles, rules, standards and
      practices promulgated, approved or incorporated by the SEC or the

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    Public
      Company
      Accounting Oversight Board, as each of the foregoing may be amended and in
      effect on any applicable date hereunder.

     

    “Subordinated
      Liabilities”
means
      liabilities
      subordinated to the Obligations in a manner acceptable to Agent in its sole
      discretion.

     

    “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 Borrower.

     

    “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).

     

    “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). 

    

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

     

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

     

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

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    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
      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 Borrower or the Required
      Lenders shall so request, Agent, Lenders and Borrower 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) Borrower shall
      provide to Agent and 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.

     

    (c) Consolidation
      of
      Variable Interest Entities.
      All references
      herein to consolidated financial statements of Borrower and its Subsidiaries
      or
      to the determination of any amount for Borrower and its Subsidiaries on a
      consolidated basis or any similar reference shall, in each case, be deemed
      to
      include each variable interest entity that the Borrower is required to
      consolidate pursuant to FASB Interpretation No. 46 - Consolidation of Variable
      Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such
      variable interest entity were a Subsidiary as defined herein.

     

    1.04 Rounding.
Any
      financial
      ratios required to be maintained by Borrower pursuant to this Agreement shall
      be
      calculated by dividing the appropriate component by the other component,
      carrying the result to one place more than the number of places by which such
      ratio 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 Times
      of Day. Unless
      otherwise
      specified, all references herein to times of day shall be references to Central
      time (daylight or standard, as applicable).

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    1.06 Letter
      of Credit Amounts. Unless
      otherwise
      specified herein the amount of a Letter of Credit at any time shall be deemed
      to
      be 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
      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 Committed
      Loans. Subject
      to the
      terms and conditions set forth herein, each Lender severally agrees to make
      loans (each such loan, a “Committed
      Loan”)
      to Borrower 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 Commitment; provided,
however,
      that after giving
      effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed
      the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the
      Committed Loans of any Lender, plus
      such Lender’s
      Applicable Percentage of the Outstanding Amount of all L/C Obligations shall
      not
      exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment,
      and subject to the other terms and conditions hereof, Borrower may borrow under
      this Section
      2.01,
      prepay under
Section
      2.05,
      and reborrow
      under this Section
      2.01.
      Committed Loans
      may be Base Rate Loans or Eurodollar Rate Loans, as further provided
      herein.

     

    2.02 Borrowings,
      Conversions and Continuations of Committed
      Loans. (a)
      Each Committed
      Borrowing, each conversion of Committed Loans from one Type to the other, and
      each continuation of Eurodollar Rate Loans shall be made upon Borrower’s
      irrevocable notice to Agent, which may be given by telephone. Each such notice
      must be received by Agent not later than 11:00 a.m. (i) three Business Days
      prior to the requested date of any Borrowing of, conversion to or continuation
      of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base
      Rate Committed Loans, and (ii) on the requested date of any Borrowing of Base
      Rate Committed Loans. Each telephonic notice by Borrower pursuant to this
Section
      2.02(a)
      must be confirmed
      promptly by delivery to Agent of a written Committed Loan Notice, appropriately
      completed and signed by a Responsible Officer of Borrower. Each Borrowing of,
      conversion to or continuation of Eurodollar Rate Loans shall be in a principal
      amount of $250,000 or a whole multiple of $50,000 in excess thereof. Except
      as
      provided in Sections
      2.03(c),
      each Borrowing of
      or conversion to Base Rate Committed Loans shall be in a principal amount of
      $100,000 or a whole multiple of $50,000 in excess thereof. Each Committed Loan
      Notice (whether telephonic or written) shall specify (i) whether Borrower is
      requesting a Committed Borrowing, a conversion of Committed Loans from one
      Type
      to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested
      date of the Borrowing, conversion or continuation, as the case may be (which
      shall be a Business Day), (iii) the principal amount of Committed Loans to
      be
      borrowed, converted or continued, (iv) the Type of Committed Loans to be
      borrowed or to which existing Committed Loans are to be converted, and (v)
      if
      applicable, the duration of the Interest Period with respect thereto. If
      Borrower fails to specify a Type of Committed Loan in a Committed Loan Notice
      or
      if Borrower fails to give a timely notice requesting a conversion or
      continuation, then the applicable Committed Loans shall be made as, or converted
      to, Base Rate Loans. Any such 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 Eurodollar Rate Loans. If Borrower requests a Borrowing of,
      conversion to, or continuation of Eurodollar Rate Loans in any such Committed
      Loan Notice, but fails to specify an Interest Period, it will be deemed to
      have
      specified an Interest Period of one month.

     

    (b) Following
      receipt
      of a Committed Loan Notice, Agent shall promptly notify each Lender of the
      amount of its Applicable Percentage of the applicable Committed Loans, and
      if no
      timely notice of a conversion or continuation is provided by Borrower, Agent
      shall notify each Lender of the details of any automatic conversion to Base
      Rate
      Loans described in the preceding subsection. In the case of a Committed
      Borrowing, each Lender shall make the amount of its Committed Loan available
      to
      Agent in immediately available funds at Administrative Agent’s Office not later
      than 1:00 p.m. on the Business Day specified in the applicable Committed Loan
      Notice. Upon satisfaction of the applicable conditions set forth in Section
      4.02
      (and, if such
      Borrowing is the initial Credit Extension, Section
      4.01),
      Agent shall make
      all funds so received available to Borrower in like funds as received by Agent
      either by (i) crediting the account of 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)
      Agent
      by Borrower; provided,
however,
      that if, on the
      date the Committed Loan Notice with respect to such Borrowing is given by
      Borrower, 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 Borrower as provided above.

     

    (c) Except
      as otherwise
      provided herein, a Eurodollar Rate Loan may be continued or converted only
      on
      the last day of an Interest Period for such Eurodollar Rate Loan. During the
      existence of a Default, no Loans may be requested as, converted to
      or

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    continued
      as
      Eurodollar Rate Loans without the consent of the Required Lenders, and the
      Required Lenders may demand that any or all of the then outstanding Eurodollar
      Rate Loans be converted immediately to Base Rate Committed Loans and Borrower
      agrees to pay all amounts due under Section
      3.05
      in accordance with
      the terms thereof due to any such conversion.

    

    (d) Agent
      shall
      promptly notify Borrower and Lenders of the interest rate applicable to any
      Interest Period for Eurodollar Rate Loans upon determination of such interest
      rate. 

     

    (e) After
      giving effect
      to all Committed Borrowings, all conversions of Committed Loans from one Type
      to
      the other, and all continuations of Committed Loans as the same Type, there
      shall not be more than five Interest Periods in effect with respect to Committed
      Loans.

     

    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 other 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
      L/C
      Expiration Date, to issue Letters of Credit for the account of Borrower, 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 Lenders severally agree to participate in Letters of Credit issued
      for
      the account of Borrower 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 Outstandings shall not exceed the Aggregate Commitments, or (y) the
      aggregate Outstanding Amount of the Committed Loans of any Lender, plus
      such Lender’s
      Applicable Percentage of the Outstanding Amount of all L/C Obligations shall
      not
      exceed such Lender’s Commitment. Each request by Borrower for the issuance or
      amendment of a Letter of Credit shall be deemed to be a representation by
      Borrower that the L/C Credit Extension so requested complies with the conditions
      set forth in the proviso to the preceding sentence. Within the foregoing limits,
      and subject to the terms and conditions hereof, Borrower’s ability to obtain
      Letters of Credit shall be fully revolving, and accordingly Borrower 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. Except as set forth
      on
Schedule
      2.03
      hereto, there are
      no Existing Letters of Credit outstanding as of the Closing Date. 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)(iv),
      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 Lenders have approved
      such expiry date; provided, that the foregoing restriction shall not apply
      to
      Letter of Credit #705264 in the face amount of $25,000 in favor of City of
      Chicago, Department of Transportation; or

     

    (B) the
      expiry date of
      such requested Letter of Credit would occur after the L/C Expiration Date,
      unless all the Lenders have approved such expiry date; provided, that the
      foregoing restriction shall not apply to Letter of Credit #705264 in the face
      amount of $25,000 in favor of City of Chicago, Department of
      Transportation.

     

    (iii)
 The
      L/C Issuer
      shall be under no 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;
      

     

    (C)
      except as
      otherwise agreed by Agent and the L/C Issuer, such Letter of Credit is in an
      initial stated amount less than $25,000, in the case of a commercial Letter
      of
      Credit, or $25,000, in the case of a standby Letter of Credit; 

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    (D)
 such
      Letter of
      Credit is to be denominated in a currency other than Dollars; 

     

    (E)
 a
      default of any
      Lender’s obligations to fund under Section
      2.03(c)
      exists or any
      Lender is at such time a Defaulting Lender hereunder, unless the L/C Issuer
      has
      entered into satisfactory arrangements with Borrower or such Lender to eliminate
      the L/C Issuer’s risk with respect to such Lender; or 

     

    (F)
 unless
      specifically
      provided for in this Agreement, such Letter of Credit contains any provisions
      for automatic reinstatement of the stated amount after any drawing thereunder.
      

     

    (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 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 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” or “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
      Borrower delivered to the L/C Issuer (with a copy to Agent) in the form of
      a L/C
      Application, appropriately completed and signed by a Responsible Officer of
      Borrower. Such L/C Application must be received by the L/C Issuer and Agent
      not
      later than 11:00 a.m. at least two Business Days (or such later date and time
      as
      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 L/C 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 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; and (G) 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
      L/C 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, Borrower shall furnish to the L/C Issuer and 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 Agent may
      require.

     

    (ii)
 Promptly
      after
      receipt of any L/C Application at the address set forth in Section
      10.02
      for receiving L/C
      Applications and related correspondence, the L/C Issuer will confirm with Agent
      (by telephone or in writing) that Agent has received a copy of such L/C
      Application from Borrower and, if not, the L/C Issuer will provide Agent with
      a
      copy thereof. Unless the L/C Issuer has received written notice from any Lender,
      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 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 Borrower 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 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 Lender’s Applicable Percentage times
      the amount of such
      Letter of Credit.

     

    (iii)
 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 Borrower and Agent a true and complete copy of such Letter
      of Credit or amendment.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    (iv)
 If
      Borrower so
      requests in any applicable L/C 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, Borrower 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 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 L/C 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 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 five Business Days before the Non-Extension Notice Date
      (1) from Agent that the Required Lenders have elected not to permit such
      extension or (2) from Agent, any Lender or Borrower 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.

     

    (v)
 If
      Borrower 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 permits
      the automatic reinstatement of all or a portion of the stated amount thereof
      after any drawing thereunder (each, an “Auto-Reinstatement
      Letter of Credit”).
      Unless
      otherwise directed by the L/C Issuer, Borrower shall not be required to make
      a
      specific request to the L/C Issuer to permit such reinstatement. Once an
      Auto-Reinstatement Letter of Credit has been issued, except as provided in
      the
      following sentence, the Lenders shall be deemed to have authorized (but may
      not
      require) the L/C Issuer to reinstate all or a portion of the stated amount
      thereof in accordance with the provisions of such Letter of Credit.
      Notwithstanding the foregoing, if such Auto-Reinstatement Letter of Credit
      permits the L/C Issuer to decline to reinstate all or any portion of the stated
      amount thereof after a drawing thereunder by giving notice of such
      non-reinstatement within a specified number of days after such drawing (the
      “Non-Reinstatement
      Deadline”),
      the L/C Issuer
      shall not permit such reinstatement if it has received a notice (which may
      be by
      telephone or in writing) on or before the day that is five Business Days before
      the Non-Reinstatement Deadline (A) from Agent that the Required Lenders have
      elected not to permit such reinstatement or (B) from Agent, any Lender or
      Borrower that one or more of the applicable conditions specified in Section
      4.02
      is not then
      satisfied (treating such reinstatement as an L/C Credit Extension for purposes
      of this clause) and, in each case, directing the L/C Issuer not to permit such
      reinstatement.

     

    (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 Borrower and Agent thereof. Not
      later than 11:00 a.m. on the date of any payment by the L/C Issuer under a
      Letter of Credit (each such date, an “Honor
      Date”),
      Borrower shall
      reimburse the L/C Issuer through Agent in an amount equal to the amount of
      such
      drawing. If Borrower fails to so reimburse the L/C Issuer by such time, Agent
      shall promptly notify each Lender of the Honor Date, the amount of the
      unreimbursed drawing (the “Unreimbursed
      Amount”),
      and the amount
      of such Lender’s Applicable Percentage thereof. In such event, Borrower shall be
      deemed to have requested a Committed 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 Aggregate Commitments and the conditions set forth in Section
      4.02
      (other than the
      delivery of a Committed Loan Notice). Any notice given by the L/C Issuer or
      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 immediate confirmation shall not affect the conclusiveness or binding
      effect of such notice. 

     

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

     

    (iii)
 With
      respect to any
      Unreimbursed Amount that is not fully refinanced by a Committed Borrowing of
      Base Rate Loans because the conditions set forth in Section
      4.02
      cannot be
      satisfied or for any other reason, Borrower 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

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    event,
      each
      Lender’s payment to 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 Lender
      funds its Committed 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 Lender’s Applicable Percentage of such amount shall be solely for the
      account of the L/C Issuer.

     

    (v)
 Each
      Lender’s
      obligation to make Committed 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, Borrower 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 Committed Loans pursuant to this Section
      2.03(c)
      is subject to the
      conditions set forth in Section
      4.02
      (other than
      delivery by Borrower of a Committed Loan Notice). No such making of an L/C
      Advance shall relieve or otherwise impair the obligation of Borrower 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 Lender fails
      to make available to Agent for the account of the L/C Issuer any amount required
      to be paid by such 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 Lender (acting through 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 greater of the Federal Funds Rate and
      a
      rate determined by the L/C issuer in accordance with banking industry rules
      on
      interbank compensation, plus
      any
      administrative, processing or similar fees customarily charged by the LC/ Issuer
      in connection with the foregoing. A certificate of the L/C Issuer submitted
      to
      any Lender (through Agent) with respect to any amounts owing under this clause
      (vi) 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 Lender such Lender’s L/C Advance in respect of such payment in
      accordance with Section
      2.03(c),
      if 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 Borrower or
      otherwise, including proceeds of Cash Collateral applied thereto by Agent),
      Agent will distribute to such Lender its Applicable Percentage thereof
      (appropriately adjusted, in the case of interest payments, to reflect the period
      of time during which such Lender’s L/C Advance was outstanding) in the same
      funds as those received by Agent.

     

    (ii)
 If
      any payment
      received by 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 Lender shall pay to Agent for the account of the L/C Issuer its Applicable
      Percentage thereof on demand of Agent, plus interest thereon from the date
      of
      such demand to the date such amount is returned by such Lender, at a rate per
      annum equal to the Federal Funds Rate from time to time in effect. The
      obligations of 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
      Borrower 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;

     

    (ii)
 the
      existence of
      any claim, counterclaim, setoff, defense or other right that Borrower 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;

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    (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; or

     

    (v)
 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, Borrower or any
      Subsidiary.

     

    Borrower
      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
      Borrower’s instructions or other irregularity, Borrower will immediately notify
      the L/C Issuer. Borrower 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
      Borrower 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, 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 connection herewith at
      the
      request or with the approval of Lenders or the Required 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. Borrower 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 Borrower’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, 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, Borrower may have a claim against
      the L/C Issuer, and the L/C Issuer may be liable to Borrower, to the extent,
      but
      only to the extent, of any direct, as opposed to consequential or exemplary,
      damages suffered by Borrower which Borrower 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.
      If, as of the L/C
      Expiration Date or the Maturity Date, any L/C Obligation for any reason remains
      outstanding, Borrower shall immediately (i) Cash Collateralize the then
      Outstanding Amount of all L/C Obligations, or (ii) provide one or more
“back-to-back” letters of credit to the L/C Issuer in a form satisfactory to the
      L/C Issuer and the Agent (in their sole discretion) issued by a bank
      satisfactory to the L/C Issuer and the Agent (in their sole discretion) in
      an
      amount equal to 105% of the then Outstanding Amount of all L/C Obligations.
      Section
      8.02(c)
      sets forth certain
      additional requirements to deliver Cash Collateral hereunder. Notwithstanding
      anything to the contrary set forth herein, any requirement in a Letter of Credit
      Application or in any provision of this Agreement to Cash Collateralize the
      L/C
      Obligations or otherwise grant a security interest shall be subject to the
      requirements of Section 10.5 of the Note Purchase Agreement-1997, Section 10.4
      in the Note Purchase Agreement-2003, and Section 2.2 of the Intercreditor
      Agreement, as applicable. For purposes hereof, “Cash
      Collateralize”
means
      to pledge
      and deposit with or deliver to 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 Agent and the
      L/C Issuer (which documents are hereby consented to by Lenders). Derivatives
      of
      such term have corresponding meanings. Cash collateral shall be maintained
      in
      blocked, interest bearing trust accounts at Bank of America.

     

    
      
        
        

      

      
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    (h) Applicability
      of
      ISP and UCP.
      Unless otherwise
      expressly agreed by the L/C Issuer and Borrower when a Letter of Credit is
      issued (including any such agreement applicable to an Existing Letter of
      Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit,
      and (ii) the rules of the Uniform Customs and Practice for Documentary Credits,
      as most recently published by the International Chamber of Commerce (the
“ICC”)
      at the time of
      issuance shall apply to each commercial Letter of Credit.

     

    (i) L/C
      Fees.
      Borrower shall
      pay to Agent for the account of each Lender in accordance with its Applicable
      Percentage a L/C fee (the "L/C
      Fee")
      (i) for each
      commercial Letter of Credit equal to the Applicable Rate times
      the daily amount
      available to be drawn under such Letter of Credit , and (ii) for each standby
      Letter of Credit equal to the Applicable Rate times
      the daily amount
      available to be drawn under such Letter of Credit. 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
      1.06.
      L/C Fees shall be
      (i) computed on a quarterly basis in arrears and (ii) 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 L/C Expiration Date and thereafter on demand. If there is
      any
      change in the Applicable Rate during any quarter, the daily amount available
      to
      be drawn under each standby 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 Lenders, while any Event
      of
      Default exists, all L/C Fees shall accrue at the Default Rate.

     

    (j) Fronting
      Fee and
      Documentary and Processing Charges Payable to L/C Issuer.
      From and after
      the date on which two or more Lenders become party to this Agreement, Borrower
      shall pay directly to the L/C Issuer for its own account a fronting fee (i)
      with
      respect to each commercial Letter of Credit equal to 0.125% per annum
times
      the daily amount
      available to be drawn under such Letter of Credit, computed on the amount of
      such Letter of Credit, and payable upon the issuance thereof, (ii) with respect
      to any amendment of a commercial Letter of Credit increasing the amount of
      such
      Letter of Credit, at a rate separately agreed between Borrower and the L/C
      Issuer, computed on the amount of such increase, and payable upon the
      effectiveness of such amendment, and (iii) with respect to each standby Letter
      of Credit, at the rate per annum equal to 0.125%, computed on the daily amount
      available to be drawn under such Letter of Credit and 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), commencing with the first such date to occur after the issuance
      of such Letter of Credit, on the L/C 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
      1.06.
      In addition,
      Borrower shall pay directly to the L/C Issuer for its own account 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 individual 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 Documents,
      the
      terms hereof shall control. 

     

    2.04 [Reserved]. 

     

    2.05 Prepayments.
(a)
      Borrower may,
      upon notice to Agent, at any time or from time to time voluntarily prepay
      Committed Loans in whole or in part without premium or penalty; provided
      that (i) such
      notice must be received by Agent not later than 11:00 a.m. (A) three Business
      Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the
      date of prepayment of Base Rate Committed Loans; (ii) any prepayment of
      Eurodollar Rate Loans shall be in a principal amount of $250,000 or a whole
      multiple of $50,000 in excess thereof; and (iii) any prepayment of Base Rate
      Committed Loans shall be in a principal amount of $100,000 or a whole multiple
      of $50,000 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 Committed Loans to be prepaid.
      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 Borrower, 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 Eurodollar 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 such
      prepayment shall be applied to the Committed Loans of Lenders in accordance
      with
      their respective Applicable Percentages.

     

    
      
        
        

      

      
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    (b)
 If
      for any reason
      the Total Outstandings at any time exceed the Aggregate Commitments then in
      effect, Borrower shall immediately prepay Loans in an aggregate amount equal
      to
      such excess.

     

    2.06 Termination
      or Reduction of Commitments. Borrower
      may, upon
      notice to Agent, terminate the Aggregate Commitments, or from time to time
      permanently reduce the Aggregate Commitments;
      provided
      that (i) any such
      notice shall be received by Agent not later than 11:00 a.m. five Business Days
      prior to the date of termination or reduction, (ii) any such partial reduction
      shall be in an aggregate amount of $5,000,000 or any whole multiple of
      $1,000,000 in excess thereof, and (iii) Borrower shall not terminate or reduce
      the Aggregate Commitments if, after giving effect thereto and to any concurrent
      prepayments hereunder, the Total Outstandings would exceed the Aggregate
      Commitments. Agent will promptly notify the Lenders of any such notice of
      termination or reduction of the Aggregate Commitments. Any reduction of the
      Aggregate Commitments shall be applied to the Commitment of each Lender
      according to its Applicable Percentage. All fees accrued until the effective
      date of any termination of the Aggregate Commitments shall be paid on the
      effective date of such termination.

     

    2.07 Repayment
      of Loans. Borrower
      shall
      repay to Lenders on the Maturity Date the aggregate principal amount of
      Committed Loans outstanding on such date.

     

    2.08 Interest. (a)
      Subject to the
      provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall bear
      interest on the outstanding principal amount thereof for each Interest Period
      at
      a rate per annum equal to the Eurodollar Rate for such Interest Period plus
      the
      Applicable Rate for Eurodollar Loans; and (ii) each Base Rate Committed 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.

     

    (ii)
      If any amount
      (other than principal of any Loan) payable by 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, Borrower
      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.
      Borrower shall
      pay to Agent for the account of each Lender in accordance with its Applicable
      Percentage, a commitment fee equal to the Applicable Rate times
      the actual daily
      amount by which the Aggregate Commitments exceed the sum of (i) the Outstanding
      Amount of Committed 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 Maturity Date.
      The
      commitment fee shall be calculated quarterly in arrears, and if there is any
      change in the Applicable Rate 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. 

     

    
      
        
        

      

      
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    (b) Agent's
      Fees.
      Borrower shall
      pay to Agent, for Agent’s own account, fees in the amounts and at the times
      specified in the letter agreement, dated February 17, 2006 (the “Agent
      Fee
      Letter”),
      between
      Borrower and Agent. Such fees shall be fully earned when paid and shall be
      nonrefundable for any reason whatsoever.

     

    2.10 Computation
      of Interest and Fees. All
      computations of
      fees and interest shall be made on the basis of a 360-day year and actual days
      elapsed. 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 Agent of an interest rate or fee hereunder shall
      be conclusive and binding for all purposes, absent manifest error.

     

    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 Agent in the ordinary course of
      business. The accounts or records maintained by Agent and each Lender shall
      be
      conclusive absent manifest error of the amount of the Credit Extensions made
      by
      Lenders to Borrower 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 Borrower 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 Agent in respect of
      such matters, the accounts and records of Agent shall control in the absence
      of
      manifest error. Upon the request of any Lender made through Agent, Borrower
      shall execute and deliver to such Lender (through Agent) a Note, which shall
      evidence such Lender’s Loans in addition to such accounts or records. Each
      Lender may attach schedules to its Note and endorse thereon the date, Type
      (if
      applicable), amount 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 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.
      In the event of any conflict between the accounts and records maintained by
      Agent and the accounts and records of any Lender in respect of such matters,
      the
      accounts and records of Agent shall control in the absence of manifest
      error.

     

    2.12 Payments
      Generally; Agent’s Clawback. (a)(i) General.
      All payments to
      be made by Borrower shall be made without condition or deduction for any
      counterclaim, defense, recoupment or setoff. Except as otherwise expressly
      provided herein, all payments by Borrower hereunder shall be made to Agent,
      for
      the account of the respective Lenders to which such payment is owed, at the
      Administrative Agent’s Office in Dollars and in immediately available funds not
      later than 12:00 noon on the date specified herein. 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 Agent after 12:00 noon
      shall 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 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.

     

    (ii)
      On each date
      when the payment of any principal, interest or fees are due hereunder or under
      any Note, Borrower agrees to maintain on deposit in an ordinary checking account
      maintained by Borrower with Agent (as such account shall be designated by
      Borrower in a written notice to Agent from time to time, the "Borrower
      Account")
      an amount
      sufficient to pay such principal, interest or fees in full on such date.
      Borrower hereby authorizes Agent (A) to deduct automatically all principal,
      interest or fees when due hereunder or under any Note from the Borrower Account,
      and (B) if and to the extent any payment of principal, interest or fees under
      this Agreement or any Note is not made when due to deduct any such amount from
      any or all of the accounts of Borrower maintained at Agent. Agent agrees to
      provide written notice to Borrower of any automatic deduction made pursuant
      to
      this Section
      2.12(a)(ii)
      showing in
      reasonable detail the amounts of such deduction. Lenders agree to reimburse
      Borrower based on their Applicable Percentage for any amounts deducted from
      such
      accounts in excess of amount due hereunder and under any other Loan
      Documents.

     

    (b) (i)
Funding
      by
      Lenders; Presumption by Agent.
      Unless Agent
      shall have received notice from a Lender prior to the proposed date of any
      Committed Borrowing of Eurodollar Rate Loans (or, in the case of any Committed
      Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Committed
      Borrowing) that such Lender will not make available to Agent such Lender’s share
      of such Committed Borrowing, Agent may assume that such Lender has made such
      share available on such date in accordance with Section
      2.02
      (or, in the case
      of a Committed 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 Borrower a corresponding
      amount. In such event, if a Lender has not in fact made its share of the
      applicable Committed Borrowing available to Agent, then the applicable Lender
      and Borrower severally agree to pay to Agent forthwith on

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    demand
      such
      corresponding amount in immediately available funds with interest thereon,
      for
      each day from and including the date such amount is made available to Borrower
      to but excluding the date of payment to Agent, at (A) in the case of a payment
      to be made by such Lender, the greater of the Federal Funds Rate and a rate
      determined by Agent in accordance with banking industry rules on interbank
      compensation, plus any administrative, processing or similar fees customarily
      charged by Agent in connection with the foregoing and (B) in the case of a
      payment to be made by Borrower, the interest rate applicable to Base Rate Loans.
      If Borrower and such Lender shall pay such interest to Agent for the same or
      an
      overlapping period, Agent shall promptly remit to Borrower the amount of such
      interest paid by Borrower for such period. If such Lender pays its share of
      the
      applicable Committed Borrowing to Agent, then the amount so paid shall
      constitute such Lender’s Committed Loan included in such Committed Borrowing.
      Any payment by Borrower shall be without prejudice to any claim Borrower may
      have against a Lender that shall have failed to make such payment to
      Agent.

     

    (ii) Payments
      by
      Borrower; Presumptions by Agent.
      Unless Agent
      shall have received notice from Borrower prior to the date on which any payment
      is due to Agent for the account of the Lenders or the L/C Issuer hereunder
      that
      Borrower will not make such payment, Agent may assume that Borrower has made
      such payment on such date in accordance herewith and may, in reliance upon
      such
      assumption, distribute to Lenders or the L/C Issuer, as the case may be, the
      amount due. In such event, if Borrower has not in fact made such payment, then
      each of Lenders or the L/C Issuer, as the case may be, severally agrees to
      repay
      to Agent forthwith on demand the amount so distributed to such Lender or the
      L/C
      Issuer, in immediately available 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 Agent, at the greater of the Federal Funds Rate and a rate
      determined by Agent in accordance with banking industry rules on interbank
      compensation. A notice of 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 Agent funds for any Loan to be made by such Lender as
      provided in the foregoing provisions of this Article
      II,
      and such funds
      are not made available to Borrower by 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, 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 Lenders hereunder to make Committed Loans, to fund participations in Letters
      of Credit and to make payments under Section
      10.04(c)
      are several and
      not joint. The failure of any Lender to make any Committed 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 no Lender shall be responsible for the
      failure of any other Lender to so make its Committed Loan, 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. 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 Committed
      Loans
      made by it, or the participations in L/C Obligations held by it resulting in
      such Lender’s receiving payment of a proportion of the aggregate amount of such
      Committed 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 Agent of such fact, and (b) purchase (for cash at face value)
      participations in the Committed Loans and subparticipations in L/C Obligations
      of the other Lenders, or make such other adjustments as shall be equitable,
      so
      that the benefit of all such payments shall be shared by the Lenders ratably
      in
      accordance with the aggregate amount of principal of and accrued interest on
      their respective Committed 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 Borrower
      pursuant to and in accordance with the express terms of this Agreement or (y)
      any payment obtained by a Lender as consideration for the assignment of or
      sale
      of a participation in any of its Committed Loans or subparticipations in L/C
      Obligations to any assignee or participant, other than to Borrower or any
      Subsidiary thereof (as to which the provisions of this Section shall
      apply).

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    Each
      Loan Party
      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 Loan Party rights of setoff
      and
      counterclaim with respect to such participation as fully as if such Lender
      were
      a direct creditor of such Loan Party in the amount of such
      participation.

     

    ARTICLE
      III.
      TAXES,
      YIELD PROTECTION AND ILLEGALITY

     

    3.01 Taxes. (a)
Payments
      Free of
      Taxes.
      Any and all
      payments by Borrower to or on account of any obligation of Borrower hereunder
      or
      under any other Loan Document shall be made free and clear of and without
      reduction or withholding for any Indemnified Taxes or Other Taxes, provided
      that
      if Borrower shall be required by any applicable law to deduct any Indemnified
      Taxes (including any Other Taxes) from such payments, then, (i) the sum payable
      shall be increased as necessary so that after making all required deductions
      (including deductions applicable to additional sums payable under this Section),
      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 deductions been made, (ii) Borrower
      shall
      make such deductions, and (iii) Borrower shall timely pay the full amount
      deducted to the relevant Governmental Authority in accordance with applicable
      law.

     

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

     

    (c)
 Indemnification
      by Borrower.
      Borrower shall
      indemnify Agent, each Lender and the L/C Issuer, 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) paid by 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. A certificate as to the amount of such payment or
      liability delivered to Borrower by a Lender or the L/C Issuer (with a copy
      to
      Agent), or by Agent on its own behalf or on behalf of a Lender or the L/C
      Issuer, shall be conclusive absent manifest error.

     

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

     

    (e) Status
      of
      Lenders.
      Any Lender, if
      requested by Borrower or Agent, shall deliver such documentation prescribed
      by
      applicable law or reasonably requested by Borrower or Agent as will enable
      the
      Borrower or Agent to determine whether or not such Lender is subject to backup
      withholding or information reporting requirements.

     

    (f) Treatment
      of
      Certain Refunds.
      If Agent, any
      Lender or the L/C Issuer determines, in its sole discretion, that it has
      received a refund of any Taxes or Other Taxes as to which it has been
      indemnified by Borrower or with respect to which Borrower has paid additional
      amounts pursuant to this Section, it shall pay to Borrower an amount equal
      to
      such refund (but only to the extent of indemnity payments made, or additional
      amounts paid, by Borrower under this Section with respect to the Taxes or Other
      Taxes giving rise to such refund), net of all out-of-pocket expenses of 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), provided
      that Borrower,
      upon the request of Agent, such Lender or the L/C Issuer, agrees to repay the
      amount paid over to the Borrower (plus any penalties, interest or other charges
      imposed by the relevant Governmental Authority) to Agent, such Lender or the
      L/C
      Issuer in the event 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 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 the 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 Eurodollar Rate Loans, or to determine or
      charge interest rates based upon the Eurodollar 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 in the London interbank
      market, then, on notice thereof by such Lender to Borrower through Agent, any
      obligation of such Lender to make or continue Eurodollar Rate Loans or to
      convert Base Rate Committed Loans to Eurodollar Rate Loans shall be suspended
      until such Lender notifies Agent and Borrower that the circumstances giving
      rise
      to such determination no longer exist. Upon receipt of such notice, Borrower
      shall, upon demand from such Lender (with a copy to Agent), prepay or, if
      applicable, convert all Eurodollar Rate Loans

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    of
      such Lender to Base Rate Loans, either on the last day of the Interest Period
      therefor, if such Lender may lawfully continue to maintain such Eurodollar
      Rate
      Loans to such day, or immediately, if such Lender may not lawfully continue
      to
      maintain such Eurodollar Rate Loans. Upon any such prepayment or conversion,
      Borrower shall also pay accrued interest on the amount so prepaid or converted
      and all amounts due under Section
      3.05
      in accordance with
      the terms thereof due to such prepayment or conversion. 

     

    3.03 Inability
      to Determine Rates. If
      Agent determines
      in connection with any request for a Eurodollar Rate Loan or a conversion to
      or
      continuation thereof that (a) Dollar deposits are not being offered to banks
      in
      the London interbank eurodollar market for the applicable amount and Interest
      Period of such Eurodollar Rate Loan, (b) adequate and reasonable means do not
      exist for determining the Eurodollar Base Rate for any requested Interest Period
      with respect to a proposed Eurodollar Rate Loan, or (c) the Eurodollar Base
      Rate
      for any requested Interest Period with respect to a proposed Eurodollar Rate
      Loan does not adequately and fairly reflect the cost to such Lenders of funding
      such Loan, Agent will promptly so notify Borrower and each Lender. Thereafter,
      the obligation of Lenders to make or maintain Eurodollar Rate Loans shall be
      suspended until Agent (upon the instruction of the Required Lenders) revokes
      such notice. Upon receipt of such notice, Borrower may revoke any pending
      request for a Borrowing of, conversion to or continuation of Eurodollar Rate
      Loans or, failing that, will be deemed to have converted such request into
      a
      request for a Committed Borrowing of Base Rate Loans in the amount specified
      therein.

     

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

     

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

     

    (iii) impose
      on any
      Lender or the L/C Issuer or the London interbank market any other condition,
      cost or expense affecting this Agreement or Eurodollar 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 Eurodollar Rate Loan (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, Borrower will 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 Borrower will 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
      Borrower shall be conclusive absent manifest error. Borrower shall 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.

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    (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
      Borrower shall not 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 Borrower 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).

     

    3.05 Compensation
      for Losses. Upon
      demand of any
      Lender (with a copy to Agent) from time to time, Borrower shall promptly
      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); or

     

    (b)
      `any failure by
      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 Borrower; 

     

    including
      any loss
      of anticipated profits and any loss or expense arising from the liquidation
      or
      reemployment of funds obtained by it to maintain such Loan or from fees payable
      to terminate the deposits from which such funds were obtained. Borrower shall
      also pay any customary administrative fees charged by such Lender in connection
      with the foregoing. For purposes of calculating amounts payable by Borrower
      to
      Lenders under this Section
      3.05,
      each Lender shall
      be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar
      Base Rate used in determining the Eurodollar Rate for such Loan by a matching
      deposit or other borrowing in the London interbank eurodollar market for a
      comparable amount and for a comparable period, whether or not such Eurodollar
      Rate Loan was in fact so funded.

    

    3.06 Mitigation
      Obligations. If
      any Lender
      requests compensation under Section
      3.04,
      or 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 if any Lender
      gives a notice pursuant to Section
      3.02,
      then such Lender
      shall use reasonable efforts to designate a different Lending Office for funding
      or booking its Loans hereunder or to assign its rights and obligations hereunder
      to another of its offices, branches or affiliates, if, in the judgment of such
      Lender, such designation or assignment (i) would eliminate or reduce amounts
      payable pursuant to Section
      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 to any unreimbursed cost
      or
      expense and would not otherwise be disadvantageous to such Lender. Borrower
      hereby agrees to pay all reasonable costs and expenses incurred by any Lender
      in
      connection with any such designation or assignment.

     

    3.07 Survival.
All
      of Borrower’s
      obligations under this Article
      III
      shall survive
      termination of the Aggregate Commitments and repayment of all other Obligations
      hereunder.

     

    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)
 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, 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 Agent and each
      of
      the Lenders:

     

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

     

    (ii)
 a
      Note executed by
      Borrower in favor of each Lender requesting a Note;

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    (iii)
 such
      certificates
      of resolutions or other action, incumbency certificates and/or other
      certificates of Responsible Officers of each Loan Party as 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 is a
      party;

     

    (iv)
 such
      documents and
      certifications as Agent may reasonably require to evidence that each Loan Party
      is duly organized or formed, and that each Loan Party is validly existing,
      in
      good standing and qualified 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)
 a
      favorable opinion
      of counsel to the Loan Parties acceptable to Agent addressed to Agent and each
      Lender, as to the matters set forth concerning the Loan Parties and the Loan
      Documents in form and substance satisfactory to Agent and its
      counsel;

     

    (vi)
 
      a certificate of a
      Responsible Officer of each Loan Party either (A) attaching copies of all
      consents, licenses and approvals required in connection with the execution,
      delivery and performance by such Loan Party and the validity against such Loan
      Party 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 Borrower 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;
      

     

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

     

    (ix)
 [Reserved];

     

    (x)
 such
      financial
      information with respect to the Borrower’s fiscal year ended December 31, 2005
      as may be reasonably requested by Agent and discussed with the Borrower;
provided,
      that Agent shall
      be satisfied with the nature and substance of such information and discussions;
      

     

    (xi)
 such
      information
      regarding litigation, tax, accounting, labor, insurance, pension liabilities
      (actual or contingent), real estate leases, material contracts, debt agreements,
      property ownership, environmental matters, contingent liabilities and management
      of the Borrower and its subsidiaries as may be reasonably requested by Agent,
      the nature and substance of such information to be satisfactory to the Agent
      and
      its counsel;

     

    (xii)
 such
      information
      regarding the Borrower’s (A) accounts receivable aging, (B) backlog information,
      (C) business segment financial performance, and (D) tunneling job financial
      performance, in each case as of December 31, 2005, as may be requested by the
      Agent, the nature and substance of such information to be satisfactory to the
      Agent; 

     

    (xiii)
 
      Uniform Commercial
      Code, tax and judgment lien searches as the Agent may reasonably requires,
      results of which to be satisfactory to the Agent; 

     

    (xiv)
 the
      representations
      and warranties of Borrower and each other Loan Party contained in Article
      V
      hereof or any other Loan Document, or which are contained in any document
      furnished at any time under or in connection herewith or therewith, shall be
      true and correct on and as of the Closing Date, and 

     

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

     

    (b) Any
      fees required
      to be paid on or before the Closing Date shall have been paid.

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    (c) Unless
      waived by
      Agent, Borrower shall have paid all fees, charges and disbursements of counsel
      to Agent to the extent invoiced prior to or on the Closing Date, plus such
      additional amounts of such fees, charges and disbursements as shall constitute
      its reasonable estimate of such fees, charges and disbursements incurred or
      to
      be incurred by it through the closing proceedings (provided that such estimate
      shall not thereafter preclude a final settling of accounts between Borrower
      and
      Agent).

     

    (d) The
      Closing Date
      shall have occurred on or before February 20, 2006.

     

    Without
      limiting
      the generality of the provisions of Section
      9.04,
      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 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 is subject to the
      following conditions precedent:

     

    (a)
 The
      representations
      and warranties of Borrower and each other Loan Party contained in Article
      V
hereof
      or any other
      Loan Document, or which are contained 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 shall
      exist, or would result from such proposed Credit Extension or from the
      application of the proceeds thereof.

     

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

     

    (d)
 Agent
      shall have
      received, in form and substance satisfactory to it, such other assurances,
      certificates, documents or consents related to the foregoing as Agent or the
      Required Lenders reasonably may require.

     

    Each
      Request for
      Credit Extension submitted by Borrower 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.

     

    ARTICLE
      V.
      REPRESENTATIONS AND WARRANTIES

     

    Borrower
      represents
      and warrants to Agent and the Lenders that:

     

    5.01 Existence,
      Qualification and Power; Compliance with Laws.
Each
      Loan Party and
      each Subsidiary thereof (a) is duly organized or formed, validly existing and
      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, (c) is duly
      qualified and is licensed and 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, and (d) is
      in
      compliance with all Laws; except in each case referred to in clause (b)(i),
      (c)
      or (d), 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 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. Each Loan Party and each Subsidiary thereof is in
      compliance with all Contractual Obligations referred to in clause (b)(i), except
      to the extent that failure to do so could not reasonably be expected to have
      a
      Material Adverse Effect.

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    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 is necessary or required
      in
      connection with the execution, delivery or performance by, or enforcement
      against, any Loan Party of this Agreement or any other Loan
      Document.

     

    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 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,
      enforceable against each Loan Party that is party thereto in accordance with
      its
      terms.

     

    5.05 Financial
      Statements; No Material Adverse Effect; No Internal Control
      Event. (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 Borrower 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) show all material indebtedness and other liabilities, direct or
      contingent, of Borrower and its Subsidiaries as of the date thereof, including
      liabilities for taxes, material commitments and Indebtedness.

     

    (b)
 The
      unaudited
      consolidated and consolidating balance sheets of Borrower and its Subsidiaries
      dated September 30, 2005, and the related consolidated and consolidating
      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
      Borrower 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.
      

     

    (c)
 Except
      for matters
      disclosed in Borrower’s filings with the SEC and in financial information
      furnished to Agent prior to the Closing Date, 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)
 Since
      the date of
      the Audited Financial Statements, no Internal Control Event has
      occurred.

     

    (e)
 The
      unaudited
      financial information with respect to Borrower’s fiscal year ended December 31,
      2005 provided by the Borrower to the Agent fairly presents the financial
      condition of Borrower and its Subsidiaries as of December 31, 2005 and their
      results of operation for the period covered thereby in all material
      respects.

     

    (f)
 The
      consolidated
      and consolidating forecasted balance sheet and statements of income and cash
      flows of Borrower and its Subsidiaries delivered pursuant to Section
      6.01(c)
      were prepared in
      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 Borrower’s best
      estimate of its future financial performance.

     

    5.06 Litigation. There
      are no
      actions, suits, proceedings, claims or disputes pending or, to the knowledge
      of
      Borrower after due and diligent investigation, threatened or contemplated,
      at
      law, in equity, in arbitration or before any Governmental Authority, by or
      against Borrower 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) except
      as
      specifically disclosed in Schedule
      5.06,
      either
      individually or in the aggregate, if determined adversely, could reasonably
      be
      expected to have a Material Adverse Effect, and there has been no adverse change
      in the status, or financial effect on any Loan Party or any Subsidiary thereof,
      of the matters described on Schedule
      5.06.

     

    5.07 No
      Default. Neither
      Borrower
      nor any Subsidiary 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 Borrower
      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

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

     

    property
      of
      Borrower and its Subsidiaries is subject to no Liens, other than Liens permitted
      by the Note Purchase Agreements. All Liens on property of the Borrower or its
      Subsidiaries securing Indebtedness in excess of $1,000,000 are listed on
Schedule
      5.08
      hereto.

     

    5.09 Environmental
      Compliance. Borrower
      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 Borrower has
      reasonably concluded that, except as specifically disclosed in Schedule
      5.09,
      any such claims
      could not, individually or in the aggregate, reasonably be expected to have
      a
      Material Adverse Effect. Each of Borrower and each Subsidiary is in material
      compliance in all material respects with the requirements of all Environmental
      Laws applicable to it or its property, except in such instances in which the
      failure to comply therewith, either individually or in the aggregate, could
      not
      reasonably be expected to have a Material Adverse Effect.

     

    5.10 Insurance. The
      properties of
      Borrower and its Subsidiaries are insured with financially sound and reputable
      insurance companies not Affiliates of Borrower, in such amounts (after giving
      effect to any self-insurance compatible with the following standards), with
      such
      deductibles and covering such risks as are customarily carried by companies
      engaged in similar businesses and owning similar properties in localities where
      Borrower or the applicable Subsidiary operates.

     

    5.11 Taxes. Borrower
      and its
      Subsidiaries have filed all Federal, state and other material tax returns and
      reports required to be filed, and 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 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. There is no proposed tax assessment against
      Borrower or any Subsidiary that would, if made, have a Material Adverse
      Effect.

     

    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 Plan that is intended to qualify
      under Section 401(a) of the Code has received a favorable determination letter
      from the IRS or an application for such a letter is currently being processed
      by
      the IRS with respect thereto and, to the best knowledge of Borrower, nothing
      has
      occurred which would prevent, or cause the loss of, such qualification. Borrower
      and each ERISA Affiliate have made all required contributions to each Plan
      subject to Section 412 of the Code, and no application for a funding waiver
      or
      an extension of any amortization period pursuant to Section 412 of the Code
      has
      been made with respect to any Plan.

     

    (b)
 There
      are no
      pending or, to the best knowledge of Borrower, threatened claims, actions or
      lawsuits, or action by any Governmental Authority, with respect to any Plan
      that
      could be 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 or is reasonably expected to occur; (ii) no Pension Plan has any
      Unfunded Pension Liability; (iii) neither Borrower nor any ERISA Affiliate
      has
      incurred, or reasonably expects to incur, any liability under Title IV of ERISA
      with respect to any Pension Plan (other than premiums due and not delinquent
      under Section 4007 of ERISA); (iv) neither Borrower nor any ERISA Affiliate
      has
      incurred, or reasonably expects to incur, any liability (and no event has
      occurred which, with the giving of notice under Section 4219 of ERISA, would
      result in such liability) under Sections 4201 or 4243 of ERISA with respect
      to a
      Multiemployer Plan; and (v) neither Borrower nor any ERISA Affiliate has engaged
      in a transaction that could be subject to Sections 4069 or 4212(c) of
      ERISA.

     

    5.13 Subsidiaries.As
      of the Closing
      Date, Borrower 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 by a Loan Party in the amounts
      specified on Part (a) of Schedule
      5.13
      free and clear of
      all Liens. Borrower has no equity investments in any other corporation or entity
      other than those specifically disclosed in Part(b) of Schedule
      5.13.

     

    5.14 Margin
      Regulations; Investment Company Act; Public Utility Holding Company
      Act. (a)
      Borrower is not
      engaged and will not engage, principally or as one of its important activities,
      in the business of purchasing or carrying margin stock (within the meaning
      of
      Regulation U issued by the FRB), or extending credit for the purpose of
      purchasing or carrying margin stock. Following the application of the proceeds
      of each Borrowing or drawing under each Letter of Credit, not more
      than

     

    
      
        
        

      

      
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    25%
      of the value of
      the assets (either of Borrower only or of Borrower and its Subsidiaries on
      a
      consolidated basis) subject to the provisions of Section
      7.01
      or subject to any
      restriction contained in any agreement or instrument between Borrower and any
      Lender or any Affiliate of any Lender relating to Indebtedness and within the
      scope of Section
      8.01(e)
      will be margin
      stock.

     

    (b)
 None
      of Borrower,
      any Person Controlling Borrower, or any Subsidiary (i) is a “holding company,”
or a “subsidiary company” of a “holding company,” or an “affiliate” of a
“holding company” or of a “subsidiary company” of a “holding company,” within
      the meaning of the Public Utility Holding Company Act of 1935, or (ii) is or
      is
      required to be registered as an “investment company” under the Investment
      Company Act of 1940.

     

    5.15 Disclosure. Borrower
      has
      disclosed to Agent and Lenders all agreements, instruments and corporate or
      other restrictions to which it or any of its Subsidiaries is subject, and all
      other matters known to it, 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 to 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 information, Borrower 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
      of Borrower
      and each Subsidiary 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 Intellectual
      Property; Licenses, Etc.Borrower
      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 that are reasonably necessary for the
      operation of their respective businesses, without conflict with the rights
      of
      any other Person. To the best knowledge of Borrower, no slogan or other
      advertising device, product, process, method, substance, part or other material
      now employed, or now contemplated to be employed, by Borrower 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 Borrower,
      threatened, which, either individually or in the aggregate, could reasonably
      be
      expected to have a Material Adverse Effect.

     

    5.18 Labor
      Disputes. There
      is no pending
      or, to Borrower’s knowledge, threatened, strike, work stoppage, material unfair
      labor practice claim or other material labor dispute against or affecting any
      Loan Party or its employees, which is reasonably likely to have a Material
      Adverse Effect.

     

    5.19 Existing
      Indebtedness; Burdensome
      Obligations. Schedule
      5.19
      lists, as of the
      Closing Date, all outstanding Indebtedness of Borrower and its Subsidiaries
      in
      excess of $1,000,000 and all contractual obligations undertaken by the Borrower
      and its Subsidiaries in connection with Indebtedness in excess of $1,000,000
      restricting Liens on property of Borrower and its Subsidiaries.

     

    5.20 Bonding
      Capacity.Borrower
      and its
      Subsidiaries have in place and available to it and them surety and performance
      bonds adequate in amount and credit quality to continue in the ordinary course
      of their business as presently projected over the course of the next eighteen
      (18) months.

     

    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, Borrower 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 Agent a
      sufficient number of copies for delivery by Agent to each Lender, in form and
      detail satisfactory to Agent and the Required Lenders:

     

    
      
        
        

      

      
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    (a) as
      soon as
      available, but in any event within 90 days after the end of each fiscal year
      of
      Borrower beginning with the fiscal year ended December 31, 2005, a consolidated
      and consolidating balance sheet of Borrower and its Subsidiaries as at the
      end
      of such fiscal year, and the related consolidated and consolidating 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, such consolidated statements to be audited and accompanied by (i) a report
      and opinion of a Registered Public Accounting Firm of nationally recognized
      standing acceptable to the Agent in its reasonable discretion, which report
      and
      opinion shall be prepared in accordance with generally accepted auditing
      standards and applicable Securities Laws 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) an attestation report of such Registered Public
      Accounting Firm as to the Borrower’s internal controls pursuant to Section 404
      of Sarbanes-Oxley expressing a conclusion to which the Required Lenders do
      not
      reasonably object, and (iii) such consolidating statements to be certified
      by a
      Responsible Officer of Borrower, other than its general counsel, to the effect
      that such statements are fairly stated in all material respects when considered
      in relation to the consolidated financial statements of Borrower and its
      Subsidiaries; 

     

    (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 Borrower, a consolidated and
      consolidating balance sheet of Borrower and its Subsidiaries as at the end
      of
      such fiscal quarter, and the related consolidated and consolidating statements
      of income or operations, shareholders’ equity and cash flows for such fiscal
      quarter and for the portion of Borrower’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, such consolidated and
      consolidating statements to be certified by a Responsible Officer of Borrower
      as
      fairly presenting the financial condition, results of operations, shareholders’
equity and cash flows of Borrower and its Subsidiaries in accordance with GAAP,
      subject only to normal year-end audit adjustments and the absence of footnotes
      and such consolidating statements to be certified by a Responsible Officer
      of
      Borrower, other than its general counsel, to the effect that such statements
      are
      fairly stated in all material respects when considered in relation to the
      consolidated financial statements of the Borrower and its Subsidiaries;
      and

     

    (c)
 as
      soon as
      available, but in any event within 60 days of the first day of each fiscal
      year
      of Borrower, forecasts prepared by management of Borrower, in form satisfactory
      to Agent and the Required Lenders, of consolidated and consolidating balance
      sheets and statements of income or operations and cash flows of Borrower and
      its
      Subsidiaries on a monthly basis for the immediately following fiscal year
      (including the fiscal year in which the Maturity Date occurs).

     

    6.02 Certificates;
      Other Information. Deliver
      to Agent a
      sufficient number of copies for delivery by Agent to each Lender, in form and
      detail satisfactory to Agent and the Required Lenders:

     

    (a)
 concurrently
      with
      the delivery of the financial statements referred to in Section
      6.01(a),
      a certificate of
      its independent certified public accountants certifying such financial
      statements and stating that in making the examination necessary therefor no
      knowledge was obtained of any Default or, if any such Default shall exist,
      stating the nature and status of such event;

     

    (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 a Responsible Officer of Borrower;

     

    (c)
 promptly
      after any
      request by Agent or any Lender, copies of any detailed audit reports, management
      letters or recommendations submitted to the board of directors (or the audit
      committee of the board of directors) of Borrower by independent accountants
      in
      connection with the accounts or books of Borrower or any Subsidiary, or any
      audit of any of them;

     

    (d)
 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 Borrower, and
      copies of all annual, regular, periodic and special reports and registration
      statements which Borrower may file or be required to file with the Securities
      and Exchange Commission under Section 13 or 15(d) of the Securities Exchange
      Act
      of 1934, and not otherwise required to be delivered to Agent pursuant hereto;
      

     

    (e)
 promptly
      after the
      furnishing thereof, copies of any statement or report furnished pursuant to
      the
      Note Purchase Agreements or furnished to any holder of debt securities of any
      Loan Party or any Subsidiary thereof pursuant to the terms of any indenture,
      loan or credit or similar agreement and not otherwise required to be furnished
      to the Lenders pursuant to Section
      6.01
      or any other
      clause of this Section
      6.02;

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

    (f)
 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 Securities and Exchange Commission (or comparable agency in any
      applicable non-U.S. jurisdiction) concerning any investigation or possible
      investigation or other inquiry by such agency regarding financial or other
      operational results of any Loan Party or any Subsidiary thereof; 

     

    (g)
 as
      soon as
      available, but in any event within 45 days after the end of each fiscal quarter
      of each fiscal year of Borrower, a job status report for each domestic project
      of the Borrower and its Subsidiaries; and

     

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

     

    Borrower
      hereby
      acknowledges that (a) Agent will make available to Lenders and the L/C Issuer
      materials and/or information provided by or on behalf of Borrower hereunder
      (collectively, “Borrower
      Materials”)
      by posting
      Borrower Materials on IntraLinks or another similar electronic system (the
      “Platform”)
      and (b) certain
      of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to
      receive material non-public information with respect to Borrower or its
      securities) (each, a “Public
      Lender”).
      Borrower hereby
      agrees that (w) all Borrower Materials that are to be made available to Public
      Lenders shall be clearly and conspicuously marked “PUBLIC” so long as Borrower
      is the issuer of any outstanding debt or equity securities that are registered
      or issued pursuant to a private offering or is actively contemplating issuing
      any such securities which, at a minimum, shall mean that the word “PUBLIC” shall
      appear prominently on the first page thereof; (x) by marking Borrower Materials
      “PUBLIC,” Borrower shall be deemed to have authorized Agent, the L/C Issuer and
      the Lenders to treat such Borrower Materials as not containing any material
      non-public information with respect to Borrower or its securities for purposes
      of United States Federal and state securities laws (provided, however, that
      to
      the extent such Borrower Materials constitute Information, they shall be treated
      as set forth in Section
      10.07);
      (y) all Borrower
      Materials marked “PUBLIC” are permitted to be made available through a portion
      of the Platform designated “Public Investor;” and (z) Agent 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
      Investor”.

     

    6.03 Notices.
Promptly
      notify
      Agent and each Lender:

     

    (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, including (i) breach or non-performance of, or any default under, a
      Contractual Obligation of Borrower or any Subsidiary; (ii) any dispute,
      litigation, investigation, proceeding or suspension between Borrower or any
      Subsidiary and any Governmental Authority; or (iii) the commencement of, or
      any
      material development in, any litigation or proceeding affecting Borrower or
      any
      Subsidiary, including pursuant to any applicable Environmental
      Laws;

     

    (c)
 of
      the occurrence
      of any ERISA Event; 

     

    (d)
 of
      any material
      change in accounting policies or financial reporting practices by Borrower
      or
      any Subsidiary, and

     

    (e)
 of
      the occurrence
      of any Internal Control Event.

     

    Each
      notice
      pursuant to this Section shall be accompanied by a statement of a Responsible
      Officer of Borrower setting forth details of the occurrence referred to therein
      and stating what action Borrower 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 obligations and liabilities,
      including (a) all tax liabilities, assessments and governmental charges or
      levies upon it or its properties or assets, 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 Borrower or such
      Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien
      upon its property; and (c) all Indebtedness, as and when due and payable, but
      subject to any subordination provisions contained in any instrument or agreement
      evidencing such Indebtedness.

     

    6.05 Preservation
      of Existence, Etc. (a)
      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 the Note Purchase

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

     

    Agreements;
      (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; (b) make all necessary repairs thereto and renewals and
      replacements thereof except where the failure to do so could not reasonably
      be
      expected to have a Material Adverse Effect; and (c) use the standard of care
      typical in the industry in the operation and maintenance of its
      facilities.

     

    6.07 Maintenance
      of Insurance. Maintain
      with
      financially sound and reputable insurance companies not Affiliates of Borrower,
      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 (after giving effect to any
      self-insurance compatible with the following standards) as are customarily
      carried under similar circumstances by such other Persons and providing for
      not
      less than 30 days’ prior notice to Agent of termination, lapse or cancellation
      of such insurance.

     

    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, write,
      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. (a)
      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 Borrower 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 Borrower or such
      Subsidiary, as the case may be. 

     

    6.10 Inspection
      Rights. Permit
      representatives and independent contractors of 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 Borrower and at such
      reasonable times during normal business hours and as often as may be reasonably
      desired, upon reasonable advance notice to Borrower; provided,
however,
      that when an
      Event of Default exists Agent or any Lender (or any of their respective
      representatives or independent contractors) may do any of the foregoing at
      the
      expense of Borrower at any time during normal business hours and without advance
      notice.

     

    6.11 Use
      of Proceeds. Use
      the proceeds of
      the Credit Extensions for general corporate purposes not in contravention of
      any
      Law or of any Loan Document.

     

    6.12 Additional
      Guarantors. Notify
      Agent at the
      time that any Person becomes a domestic Subsidiary, and promptly thereafter
      (and
      in any event within 30 days), cause such Person to (a) become a Guarantor by
      executing and delivering to Agent a counterpart of the Guaranty or such other
      document as Agent shall deem appropriate for such purpose, and (b) deliver
      to
      Agent documents of the types referred to in clauses (iii) and (iv) of
Section
      4.01(a)
      and favorable
      opinions of counsel to such Person (which shall cover, among other things,
      the
      legality, validity, binding effect and enforceability of the documentation
      referred to in clause (a)), all in form, content and scope reasonably
      satisfactory to Agent.

     

    6.13 Pari
      Passu Ranking. Maintain
      the
      ranking of the Obligations hereunder as pari passu, without preference or
      priority, with all Indebtedness outstanding under the Note Purchase Agreements
      and all other outstanding, unsecured, unsubordinated obligations of the Borrower
      and its Subsidiaries, present and future. In furtherance of the
      foregoing:

     

    (a)
 if
      any Subsidiary
      of the Borrower, or any other Person, shall create or assume a Guaranty with
      respect to the Borrower's obligations under Indebtedness of the Borrower, the
      Borrower will concurrently make or cause to be made effective provision whereby
      the Obligations of the Borrower hereunder will be guaranteed by a Guaranty
      from
      such Subsidiary or other Person equally and ratably with all other obligations
      guaranteed by such first-mentioned Guaranty; and 

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

    (b)
 except
      as permitted
      by the Note Purchase Agreements, if any Subsidiary of the Borrower, or any
      other
      Person, shall grant a Lien with respect to any of its property or assets to
      or
      for the benefit of any holder of Indebtedness of the Borrower, to secure any
      of
      the Borrower's obligations under such Indebtedness, whether now in existence
      or
      hereafter arising, the Borrower will concurrently make or cause to be made
      effective provision whereby the obligations of the Borrower hereunder will
      be
      secured by such Lien equally and ratably with all obligations under such
      Indebtedness secured thereby.

     

    6.14 Principal
      Depository Bank. Maintain
      Bank of
      America as its principal depository bank, including for the maintenance of
      business, cash management, operating and administrative deposit
      accounts.

     

    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, Borrower shall not, nor shall it permit any Subsidiary
      to, directly or indirectly:

     

    7.01 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) or to extend credit to others for the
      purpose of purchasing or carrying margin stock or to refund indebtedness
      originally incurred for such purpose.

     

    7.02 Note
      Purchase Agreements. Fail
      to observe or
      perform any of the covenants on the part of a Covered Person to be observed
      or
      performed under Section 10 of the Note Purchase Agreement−1997 and the Note
      Purchase Agreement−2003.

     

    7.03 Amendments;
      Prepayments. Amend
      Section 10 or
      the defined terms contained therein or Section 11 of the Note Purchase
      Agreement−2003 or the Note Purchase Agreement-1997, or voluntarily prepay in
      whole or in part the notes issued pursuant to the Note Purchase Agreement−1997
      or the Note Purchase Agreement−2003. Nothing in the preceding sentence shall
      prohibit or restrict the mandatory or required prepayment of said notes in
      accordance with the terms of the Note Purchase Agreement - 1997 and the Note
      Purchase Agreement - 2003.

     

    7.04 Conflicting
      Agreements. Enter
      into any
      agreement, engage in any transaction, acquire or create any Subsidiary, or
      transfer assets to any Subsidiary (whether or not it is actively engaged in
      a
      trade or business) that would immediately or in a reasonably foreseeable time
      result in a Default or Event of Default; or enter into any agreement that would
      immediately or in a reasonably foreseeable time, if fully complied with or
      performed by it, result in a Default or Event of Default.

     

    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.
      Borrower or any
      other Loan Party fails to pay (i) when and as required to be paid herein, any
      amount of principal of any Loan or any L/C Obligation, or (ii) within three
      days
      after the same becomes due, any interest on any Loan or on any L/C Obligation,
      or any fee due hereunder, or (iii) within five days after the same becomes
      due,
      any other amount payable hereunder or under any other Loan Document;
      or

     

    (b)
 Specific
      Covenants.
      Borrower 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
      or 6.12
      or Article
      VII,
      or any Guarantor
      fails to perform or observe any term, covenant or agreement contained in Section
      16 of the Guaranty; or

     

    (c)
 Other
      Defaults.
      Any Loan Party
      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 or any default
      or
      Event of Default occurs under any other Loan Document; or

     

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

     

    
      
        
        

      

      
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    (e)
Cross-Default.
      (i) An “Event of
      Default” occurs as defined in the Note Purchase Agreement−2003 or the Note
      Purchase Agreement−1997 (and irrespective of whether such an Event of Default is
      declared or waived by the noteholders thereunder or cured by the issuer
      thereunder); (ii) Borrower 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 under the Note Purchase Agreements, this Agreement or a Swap
      Contract) 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 $5,000,000, 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 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; or (iii)
      there occurs under any Swap Contract an Early Termination Date (as defined
      in
      such Swap Contract) resulting from (A) any event of default under such Swap
      Contract as to which Borrower or any Subsidiary is the Defaulting Party (as
      defined in such Swap Contract) or (B) any Termination Event (as so defined)
      under such Swap Contract as to which Borrower or any Subsidiary is an Affected
      Party (as so defined) and, in either event, the Swap Termination Value owed
      by
      Borrower or such Subsidiary as a result thereof is greater than $5,000,000;
      or

     

    (f)
 Insolvency
      Proceedings, Etc.
      Any Loan Party or
      any of its Subsidiaries institutes or consents to the institution of any
      proceeding under any Debtor Relief Law, or makes an assignment for the benefit
      of creditors; or applies for or consents to the appointment of any receiver,
      trustee, custodian, conservator, liquidator, rehabilitator or similar officer
      for it or for all or any material part of its property; or any receiver,
      trustee, custodian, conservator, liquidator, rehabilitator or similar officer
      is
      appointed without the application or consent of such Person and the appointment
      continues undischarged or unstayed for 60 calendar days; or any proceeding
      under
      any Debtor Relief Law relating to any such Person or to all or any material
      part
      of its property is instituted 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

     

    (g)
 Inability
      to Pay
      Debts; Attachment.
      (i) Borrower or
      any Subsidiary becomes unable or 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)
 Invalidity
      of
      Loan Documents.
      Any Loan Document
      or any provision thereof, 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 Loan Document or any provision thereof; or
      any
      Loan Party denies that it has any or further liability or obligation under
      any
      Loan Document, or purports to revoke, terminate or rescind any Loan Document
      or
      any provision thereof.

     

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

     

    (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
      Borrower; 

     

    (c)
 subject
      to
Section
      2.03(g),
      require that
      Borrower Cash Collateralize the L/C Obligations (in an amount equal to the
      then
      Outstanding Amount thereof); and

     

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

     

    provided,
however,
      that upon the
      occurrence of an actual or deemed entry of an order for relief with respect
      to
      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

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

     

    and
      other amounts
      as aforesaid shall automatically become due and payable, and the obligation
      of
      Borrower to Cash Collateralize the L/C Obligations as aforesaid shall
      automatically become effective, in each case without further act of 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)
      and subject to
      the terms of the Intercreditor Agreement, any amounts received on account of
      the
      Obligations shall be applied by 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 Agent
      (including fees and time charges for attorneys who may be employees of Agent)
      and amounts payable under Article
      III)
      payable to 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 L/C Fees) payable to 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) 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 L/C Fees and
      interest on the Loans, L/C Borrowings and other Obligations, ratably among
      Lenders and the L/C Issuer in proportion to the respective amounts described
      in
      this clause Third
      payable to
      them;

     

    Fourth,
      to payment of
      that portion of the Obligations constituting unpaid principal of the Loans
      and
      L/C Borrowings, ratably among Lenders and the L/C Issuer in proportion to the
      respective amounts described in this clause Fourth
      held by
      them;

     

    Fifth,
      to 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
      Borrower 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. 

     

    ARTICLE
      IX.
      ADMINISTRATIVE AGENT 

     

    9.01 Appointment
      and Authorization of Administrative Agent.
Each
      of the Lenders
      and the L/C issuer hereby irrevocably appoints Bank of America to act on its
      behalf as Administrative Agent hereunder and under the other Loan Documents
      and
      authorizes Agent to take such actions on its behalf and to exercise such powers
      as are delegated to Agent by the terms hereof and thereof, together with such
      actions and powers as are reasonably incidental thereto. The provisions of
      this
      Article are solely for the benefit of Agent, the Lenders and the L/C Issuer,
      and
      neither the Borrower nor any other Loan Party shall have rights as a third
      party
      beneficiary of any of such provisions.

     

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

     

    9.03 Exculpatory
      Provisions. 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,
      Agent:

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

    (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 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 Agent shall not be required to take any action that, in its opinion or
      the
      opinion of its counsel, may expose 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 Borrower or any of its Affiliates that is communicated to or
      obtained by the Person serving as Agent or any of its Affiliates in any
      capacity. 

     

    (d) 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 Agent shall believe in good faith shall
      be
      necessary, under the circumstances as provided in Sections
      8.02
and
10.01)
      or (ii) in the
      absence of its own gross negligence or willful misconduct. Agent shall be deemed
      not to have knowledge of any Default unless and until written notice describing
      such Default is given to Agent by Borrower, a Lender or the L/C Issuer. 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 (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 Agent.

     

    9.04 Reliance
      by Administrative Agent. 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. 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, Agent may presume
      that such condition is satisfactory to such Lender or the L/C Issuer unless
      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. Agent may consult with legal counsel (who may be counsel for Borrower),
      independent accountants and other experts selected by it, and shall not be
      liable for any action taken or not taken by it in accordance with the advice
      of
      any such counsel, accountants or experts.

     

    9.05 Delegation
      of Duties. 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
      Agent. 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 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 Agent.

     

    9.06 Resignation
      of Agent. Agent
      may at any
      time give notice of its resignation to Lenders, the L/C Issuer and Borrower.
      Upon receipt of any such notice of resignation, the Required Lenders shall
      have
      the right, in consultation with Borrower, to appoint a successor, which shall
      be
      a bank with an office in the United States, or an Affiliate of any such bank
      with an office in the United States. 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 Agent gives notice of its resignation, then
      the retiring Agent may on behalf of Lenders and the L/C Issuer, appoint a
      successor Agent meeting the qualifications set forth above; provided that if
      Agent shall notify the Borrower and the Lenders that no qualifying Person has
      accepted such appointment, then such resignation shall nonetheless become
      effective in accordance with such notice and (1) the retiring 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 Agent
      on
      behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the
      retiring Agent shall continue to hold such collateral security until such time
      as a successor Agent is appointed) and (2) all payments, communications and
      determinations provided

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

     

    to
      be made by, to or through 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 Agent as provided for above in this Section. Upon the acceptance
      of a
      successor’s appointment as Agent hereunder, such successor shall succeed to and
      become vested with all of the rights, powers, privileges and duties of the
      retiring (or retired) Agent, and the retiring 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 Borrower to a successor Agent shall be the same as those payable
      to
      its predecessor unless otherwise agreed between Borrower and such successor.
      After the retiring 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 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 Agent pursuant to this Section shall also constitute its
      resignation as L/C Issuer. Upon the acceptance of a successor’s appointment as
      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, (b)
      the
      retiring L/C Issuer 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 Agent and Other Lenders. Each
      Lender and the
      L/C Issuer acknowledges that it has, independently and without reliance upon
      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
      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, no Lender holding a title 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
      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 receivership, insolvency, liquidation, bankruptcy,
      reorganization, arrangement, adjustment, composition or other judicial
      proceeding relative to any Loan Party, 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 Agent
      shall
      have made any demand on Borrower) shall be entitled and empowered, by
      intervention in such proceeding or otherwise

     

    (a)
 to
      file and prove a
      claim for the whole amount of the principal and interest owing and unpaid in
      respect of the Loans, 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 Lenders, the L/C Issuer and Agent (including any
      claim for the reasonable compensation, expenses, disbursements and advances
      of
      Lenders, the L/C Issuer and Agent and their respective agents and counsel and
      all other amounts due Lenders, the L/C Issuer and 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 Agent and, in the event that Agent shall consent
      to the making of such payments directly to Lenders and the L/C Issuer, to pay
      to
      Agent any amount due for the reasonable compensation, expenses, disbursements
      and advances of Agent and its agents and counsel, and any other amounts due
      Agent under Sections
      2.09
      and 10.04.
      Nothing contained
      herein shall be deemed to authorize 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 to authorize Agent to vote in respect of the claim of any
      Lender in any such proceeding.

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

    9.10 Guaranty
      Matters. Each
      Lender and the
      L/C Issuer hereby irrevocably authorizes Agent, at its option and in its
      discretion, to release any Guarantor from its obligations under the Guaranty
      if
      such Person ceases to be a Subsidiary as a result of a transaction permitted
      hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer
      will confirm in writing Agent's authority to release any Guarantor from its
      obligations under the Guaranty pursuant to this Section
      9.10.

     

    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 Borrower or any other Loan Party therefrom, shall
      be
      effective unless in writing signed by the Required Lenders and Borrower or
      the
      applicable Loan Party, as the case may be, and acknowledged by 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; provided,
however,
      in the sole
      discretion of Agent, only a waiver by Agent shall be required with respect
      to
      immaterial matters or items specified in Section
      4.01(a)
      (iii)
      or (iv)
      with respect to
      which Borrower has given assurances satisfactory to Agent that such items shall
      be delivered promptly following the Closing Date;

     

    (b)
 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;

     

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

     

    (d)
 reduce
      the
      principal of, or the rate of interest specified herein on, any Loan or 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 Borrower to pay interest or L/C
      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;

     

    (e)
 change
Section
      2.13
      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; 

     

    (f)
 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;
      or

     

    (g)
      release any
      Guarantor from the Guaranty except in accordance with the terms of any Loan
      Document, without the written consent of each Lender;

     

    and,
provided further,
      that (i) no
      amendment, waiver or consent shall, unless in writing and signed by the 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 Agent in addition to the Lenders
      required above, affect the rights or duties of Agent under this Agreement or
      any
      other Loan Document; and (iii) the Agent Fee Letter 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,
      except that the Commitment of such Lender may not be increased or extended
      without the consent of such Lender.

     

    10.02 Notices;
      Effectiveness; Electronic
      Communications. (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:

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

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

     

    (b)
 Electronic
      Communications.
      Notices and other
      communications to 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 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 Agent that
      it
      is incapable of receiving notices under such Article by electronic
      communication. Agent or Borrower may, in its discretion, agree to accept notices
      and other communications to it hereunder by electronic communications pursuant
      to procedures approved by it, provided
      that approval of
      such procedures may be limited to particular notices or communications. Unless
      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 Agent or any of its Related Parties
      (collectively, the “Agent Parties”) have any liability to 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
      Borrower’s or 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 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
      Borrower, Agent, and the L/C Issuer 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
      Borrower, Agent, and the L/C Issuer. In
      addition,
      each Lender agrees to notify Agent from time to time to ensure that 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.

     

    (e)
Reliance
      by
      Agent. L/C Issuer and Lenders.
      Agent, the L/C
      Issuer and Lenders shall be entitled to rely and act upon any notices (including
      telephonic Committed Loan Notices) purportedly given by or on behalf of 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. Borrower shall indemnify 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 Borrower. All
      telephonic

    
      
        
        

      

      
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     notices
      to
      and other telephonic communications with Agent may be recorded by Agent, and
      each of the parties hereto hereby consents to such recording.

     

    10.03 No
      Waiver; Cumulative Remedies. No
      failure by any
      Lender, the L/C Issuer or 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,
      remedies, powers and privileges herein provided are cumulative and not exclusive
      of any rights, remedies, powers and privileges provided by law.

     

    10.04 Expenses;
      Indemnity; Damage Waiver. (a)
Costs
      and
      Expenses.
      Borrower shall
      pay (i) all reasonable out of pocket expenses incurred by Agent and its
      Affiliates (including the reasonable fees, charges and disbursements of counsel
      for 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 Agent,
      any
      Lender or the L/C Issuer (including the fees, charges and disbursements of
      any
      counsel for Agent, any Lender or the L/C Issuer), and shall pay all fees and
      time charges for attorneys who may be employees of 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 Borrower.
      Borrower shall
      indemnify Agent (and any sub-agent thereof), each Lender and the L/C Issuer,
      and
      each Related Party of any of the foregoing Persons (each such Person being
      called an “Indemnitee”)
      against, and
      hold each Indemnitee harmless from, any and all losses, claims, damages,
      liabilities and related expenses (including the fees, charges and disbursements
      of any counsel for any Indemnitee), 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 Borrower or any other Loan
      Party
      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, or the consummation
      of
      the transactions contemplated hereby or thereby, or, in the case of 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 the Borrower
      or
      any of its Subsidiaries, or any Environmental Liability related in any way
      to
      the 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 Borrower or any other Loan Party, and regardless of whether
      any
      Indemnitee is a party thereto, in all cases, whether or not caused by or
      arising, in whole or in part, out of the comparative, contributory or sole
      negligence of the Indemnitee; 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 Borrower or any other Loan Party against
      an
      Indemnitee for breach in bad faith of such Indemnitee's obligations hereunder
      or
      under any other Loan Document, if Borrower or such Loan Party has obtained
      a
      final and nonappealable judgment in its favor on such claim as determined by
      a
      court of competent jurisdiction.

     

    (c)
 Reimbursement
      by
      Lenders.
      To the extent
      that Borrower for any reason fails to indefeasibly pay any amount required
      under
      subsection (a) or (b) of this Section to be paid by it to 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 Agent (or any such sub-agent), the L/C
      Issuer or such Related Party, as the case may be, such Lender’s 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 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 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).

     

    
      
        
        

      

      
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    (d)
 Waiver
      of
      Consequential Damages, Etc.
      To the fullest
      extent permitted by applicable law, Borrower shall not assert, and hereby
      waives, any claim against any Indemnitee, on any theory of liability, for
      special, indirect, consequential or punitive damages (as opposed to direct
      or
      actual damages) arising out of, in connection with, or as a result of, this
      Agreement, any other 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 by
      it
      through telecommunications, electronic or other information transmission systems
      in connection with this Agreement or the other Loan Documents or the
      transactions contemplated hereby or thereby.

     

    (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 Agent and the L/C Issuer, the
      replacement of any Lender, the termination of the Aggregate Commitments 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 Borrower is made to Agent, the L/C Issuer or
      any
      Lender, or 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 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 such recovery, 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
      Agent upon demand its applicable share (without duplication) of any amount
      so
      recovered from or repaid by 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 Federal
      Funds Rate from time to time in effect. The obligations of the Lenders 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
      neither Borrower nor any other Loan Party may assign or otherwise transfer
      any
      of its rights or obligations hereunder without the prior written consent of
      Agent, the L/C Issuer and each Lender and no Lender may assign or otherwise
      transfer any of its rights or obligations hereunder except (i) to an Eligible
      Assignee in accordance with the provisions of subsection (b) of this Section,
      (ii) by way of participation in accordance with the provisions of subsection
      (d)
      of this Section, 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 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 Eligible 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) at the time owing to it); provided
      that (i) except in
      the case of an assignment of the entire remaining amount of the assigning
      Lender's Commitment and the Loans at the time owing to it or in the case of
      an
      assignment to a Lender or an Affiliate of a Lender, 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 Agent or, if “Trade Date” is specified in the Assignment and
      Assumption, as of the Trade Date, shall not be less than $5,000,000 unless
      each
      of Agent and, so long as no Event of Default has occurred and is continuing,
      Borrower otherwise consents (each such consent not to be unreasonably withheld
      or delayed); (ii) each partial assignment shall be made as an assignment of
      a
      proportionate part of all the assigning Lender's rights and obligations under
      this Agreement with respect to the Loans or the Commitment assigned; (iii)
      any
      assignment of a Commitment must be approved by Agent, the L/C Issuer, and,
      so
      long as no Default or Event of Default has occurred, the Borrower, unless the
      Person that is the proposed assignee is itself a Lender (whether or not the
      proposed assignee would otherwise qualify as an Eligible Assignee); and (iv)
      the
      parties to each assignment shall execute and deliver to Agent an Assignment
      and
      Assumption, together with a processing and recordation fee of $3,500 and the
      Eligible Assignee, if it shall not be a Lender, shall deliver to Agent an
      Administrative Questionnaire. Subject to acceptance and recording thereof by
      Agent pursuant to subsection (c) of this Section, from and after

     

    
      
        
        

      

      
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    the
      effective date
      specified in each Assignment and Assumption, the Eligible 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. Upon request, 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.
      Agent, acting
      solely for this purpose as an agent of Borrower, shall maintain at
      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 Borrower, Agent and the Lenders may treat
      each Person whose name is recorded in the Register pursuant to the terms hereof
      as a Lender hereunder for all purposes of this Agreement, notwithstanding notice
      to the contrary. The Register shall be available for inspection by each of
      Borrower and the L/C Issuer, at any reasonable time and from time to time upon
      reasonable prior notice. In addition, at any time that a request for a consent
      for a material or substantive change to the Loan Documents is pending, any
      Lender may request and receive from Agent a copy of the Register.

     

    (d)
 Participations.
      Any Lender may at
      any time, without the consent of, or notice to, Borrower or Agent, sell
      participations to any Person (other than a natural person or Borrower or any
      of
      Borrower’s Affiliates or Subsidiaries) (each, a “Participant”)
      in all or a
      portion of such Lender's rights and/or obligations under this Agreement
      (including all or a portion of its Commitment and/or the Loans (including such
      Lender’s participations in L/C Obligations) 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) Borrower, Agent, the L/C Issuer and
      the Lenders shall continue to deal solely and directly with such Lender in
      connection with such Lender's rights and obligations under this Agreement.
      Any
      agreement or instrument pursuant to which a Lender sells such a participation
      shall provide that such Lender shall retain the sole right to enforce this
      Agreement and to approve any amendment, modification or waiver of any provision
      of this Agreement; provided that such agreement or instrument may provide that
      such Lender will not, without the consent of the Participant, agree to any
      amendment, waiver or other modification described in the first proviso to
Section
      10.01
      that affects such
      Participant. Subject to subsection (e) of this Section, 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 participation
      to
      such Participant is made with Borrower's prior written consent. 

     

    (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, 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)
 Deemed
      Consent
      of Borrower.
      If the consent of
      Borrower to an assignment to an Eligible Assignee is required hereunder
      (including a consent to an assignment which does not meet the minimum assignment
      threshold specified in clause (i) of the proviso to the first sentence of
Section
      10.06(b)),
      Borrower shall
      be deemed to have given its consent five Business Days after

     

    
      
        
        

      

      
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    the
      date notice
      thereof has been delivered to Borrower by the assigning Lender (through Agent)
      unless such consent is expressly refused by Borrower prior to such fifth
      Business Day.

     

    (i)
 Resignation
      as
      L/C Issuer.
      Notwithstanding
      anything to the contrary contained herein, if at any time Bank of America
      assigns all of its Commitment and Loans pursuant to subsection (b) above, Bank
      of America may, upon 30 days’ notice to Borrower and the Lenders, resign as L/C
      Issuer and/or. In the event of any such resignation as L/C Issuer, Borrower
      shall be entitled to appoint from among Lenders a successor L/C Issuer
      hereunder; provided,
however,
      that no failure
      by Borrower to appoint any such successor shall affect the resignation of Bank
      of America as L/C Issuer. 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 Committed Loans
      or
      fund risk participations in Unreimbursed Amounts pursuant to Section
      2.03(c)).
      Upon the
      appointment of a successor L/C Issuer, (a) such successor shall succeed to
      and
      become vested with all of the rights, powers, privileges and duties of the
      retiring L/C Issuer, 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.

     

    10.07 Treatment
      of Certain Information; Confidentiality.
Each
      of Agent,
      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, 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, (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 (ii) any actual
      or
      prospective counterparty (or its advisors) to any swap or derivative transaction
      relating to Borrower and its obligations, (g) with the consent of Borrower
      or
      (h) to the extent such Information (x) becomes publicly available other than
      as
      a result of a breach of this Section or (y) becomes available to Agent, any
      Lender, the L/C Issuer or any of their respective Affiliates on a
      nonconfidential basis from a source other than Borrower. For purposes of this
      Section, “Information”
means
      all
      information received from Borrower or any Subsidiary relating to Borrower or
      any
      Subsidiary or any of their respective businesses, other than any such
      information that is available to Agent, any Lender or the L/C Issuer on a
      nonconfidential basis prior to disclosure by Borrower or any Subsidiary,
      provided that, in the case of information received from Borrower or any
      Subsidiary after the date hereof, such information is clearly identified at
      the
      time of delivery as confidential. Any Person required to maintain the
      confidentiality of Information as provided in this Section shall be considered
      to have complied with its obligation to do so if such Person has exercised
      the
      same degree of care to maintain the confidentiality of such Information as
      such
      Person would accord to its own confidential information. Each of Agent, the
      Lenders and the L/C Issuer acknowledges that (a) the Information may include
      material non-public information concerning the Borrower 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 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 Borrower or any other Loan Party against
      any and all of the obligations of Borrower or such Loan Party now or hereafter
      existing under this Agreement or any other Loan Document to such Lender or
      the
      L/C Issuer or any such Affiliate, 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 Borrower or such Loan Party may 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. 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 Borrower and 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.

     

    
      
        
        

      

      
        44

        
          

        

      

      
        
        

      

    

    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 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 Borrower. In determining whether the interest
      contracted for, charged, or received by 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.

     

    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 Agent and when 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 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 Agent and
      each Lender, regardless of any investigation made by Agent or any Lender or
      on
      their behalf and notwithstanding that 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.

     

    10.13 Governing
      Law; Jurisdiction; Etc.(a)
GOVERNING
      LAW.
      THIS AGREEMENT
      SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE
      OF
      MISSOURI.

     

    (b) SUBMISSION
      TO
      JURISDICTION.
      THE BORROWER AND
      EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND
      ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF
      MISSOURI SITTING IN ST. LOUIS COUNTY AND OF THE UNITED STATES DISTRICT COURT
      OF
      THE EASTERN DISTRICT OF MISSOURI, 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
      MISSOURI STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
      IN
      SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT
      IN
      ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER
      JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.
      NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT
      THAT 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
      THE
      BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY
      JURISDICTION.

     

    (c)
 WAIVER
      OF
      VENUE.
      THE BORROWER AND
      EACH OTHER LOAN PARTY 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

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

    

     

    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.

     

    10.14 Waiver
      of Right to Trial by Jury. 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.

     

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

     

    10.16 Time
      of the Essence. Time
      is of the
      essence of the Loan Documents.

     

    10.17 Oral
      Agreements. ORAL
      AGREEMENTS OR
      COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT
      OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE,
      REGARDLESS OF THE LEGAL THEORY UPON WHICH IT IS BASED THAT IS IN ANY WAY RELATED
      TO THE CREDIT AGREEMENT. TO PROTECT YOU (BORROWER(S)) AND US (CREDITOR) FROM
      MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH
      MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE COMPLETE AND EXCLUSIVE
      STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN WRITING
      TO MODIFY IT.

     

    [Remainder
      of page intentionally left blank; signature page follows]

     

    

     

    
      
        
        

      

      
        46

        
          

        

      

      
        
        

      

    

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

     

    

      
        	
                 

              	
                INSITUFORM
                  TECHNOLOGIES, INC.

              
	 	 
	 	 
	
                 

              	
                By:
                  /s/
                  David A.
                  Martin

              
	 	 
	
                 

              	
                Name:
                  David
                  A.
                  Martin

              
	 	 
	
                 

              	
                Title:
                  Vice
                  President and Controller

              
	 	 
	
                 

              	
                BANK
                  OF AMERICA, N.A.,
                  as
                  

              
	
                 

              	
                Administrative
                  Agent

              
	 	 
	 	 
	
                 

              	
                By:
                  /s/
                  Jason
                  R.
                  Hickey

              
	
                 

              	
                Name:Jason
                  R.
                  Hickey

              
	
                 

              	
                Title:
                  Senior
                  Vice President

              
	 	 
	 	 
	 	 
	
                 

              	
                BANK
                  OF AMERICA, N.A.,
                  as a
                  Lender and L/C Issuer

              
	 	 
	 	 
	
                 

              	
                By:
                  /s/
                  Jason
                  R.
                  Hickey

              
	
                 

              	
                Name:Jason
                  R.
                  Hickey

              
	
                 

              	
                Title:
                  Senior
                  Vice President

              

      

    

     

     

     

    
      
        
        

      

      
        47

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