Document:

Exhibit
10.9

INTERCREDITOR AGREEMENT

This Intercreditor Agreement (this “Agreement”),
dated as of December 1, 2005, is by and among PNC BANK, NATIONAL ASSOCIATION,
as agent (in such capacity, together with its successors and assigns, the “First
Priority Representative”) for the First Priority Secured Parties (as
defined below), ORIX FINANCE CORP., as agent (in such capacity, together with
its successors and assigns, the “Second Priority Representative”) for
the Second Priority Secured Parties (as defined below), INSIGHT EQUITY
A.P. X, LP, a Texas limited partnership (the “Borrower”), and each
of the other Loan Parties (as defined below) party hereto.

Recitals:

A.            The Borrower, the other Loan
Parties, the First Priority Representative and certain financial institutions
(including PNC Bank, National Association in its capacity as a lender; together
with their respective successors and assigns, the “First Priority Lenders”)
are parties to that certain Amended and Restated Revolving Credit, Term Loan
and Security Agreement dated as of December 1, 2005 (as the same may be
amended, supplemented, restated or otherwise modified from time to time, the “Existing
First Priority Agreement”), pursuant to which such financial institutions
have made and agreed to make loans, and have extended and agreed to extend
other financial accommodations, to the Borrower and/or the other Loan Parties;
and

B.            The Borrower, the other Loan
Parties, the Second Priority Representative and certain financial institutions
(including ORIX Finance Corp. in its capacity as a lender; together with their
respective successors and assigns, the “Second Priority Lenders”) are
parties to that certain Loan and Security Agreement dated as of December 1,
2005 (as the same may be amended, supplemented, restated or otherwise modified
from time to time, the “Existing Second Priority Agreement”), pursuant
to which such financial institutions have agreed to make term loans to the
Borrower; and

C.            The Borrower and the other Loan
Parties have granted to the First Priority Representative security interests
and liens in the Common Collateral as security for the payment and performance
of the First Priority Obligations; and

D.            The Borrower and the other Loan
Parties may not grant additional Liens in the Common Collateral without the
written consent of the First Priority Representative and the First Priority
Lenders; and

E.             The Borrower and the other Loan
Parties propose to grant to the Second Priority Representative junior and
subordinate Liens in the Common Collateral as security for the payment and
performance of the Second Priority Obligations; and

F.             The First Priority Representative
and the First Priority Lenders have agreed, pursuant to the Existing First
Priority Agreement, to permit the grant of such junior and subordinate Liens on
the terms and conditions of this Agreement;

 

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and
the mutual covenants herein contained and other good and valuable
consideration, the existence, receipt and sufficiency of which are expressly
recognized by all of the parties hereto, the parties hereto hereby agree as
follows:

Section 1.               Definitions.

The following terms, as used herein, shall have the
following meanings:

“Bankruptcy Code”
means Title 11 of the United States Code (11 U.S.C. § 101, et seq.),
as amended from time to time.

“Cash Management Obligations” means, with
respect to any Loan Party, any obligations of such Loan Party owed to any First
Priority Secured Party (or any of its affiliates) in respect of treasury management
arrangements, depositary or other cash management services.

“Common Collateral” means all assets or
property or interests therein, of any kind or nature, that are both First
Priority Collateral and Second Priority Collateral.

“Comparable Second Lien Security Document”
means, in relation to any Common Collateral subject to any First Priority
Security Document, that Second Priority Security Document that creates a Lien
in the same Common Collateral, granted by the same Loan Party, as applicable.

“Enforcement Action” means (a) the
exercise of any right or remedy with respect to any Common Collateral, whether
under any First Priority Security Document, any Second Priority Security
Document or any applicable law, or the commencement or prosecution of any such
right or remedy, (b) the initiation or continuation of any action or
proceeding with respect to any Common Collateral or any of the foregoing, or
(c) any consensual action taken in lieu of any Enforcement Action referred
to in clause (a) or clause (b) preceding (including, without
limitation, any deed, assignment or transfer in lieu of foreclosure).

“Existing First Priority Agreement” has the
meaning set forth in Recital A of this Agreement.

“Existing Second Priority Agreement” has the
meaning set forth in Recital B of this Agreement.

“First Priority Agreement” means (a) the
Existing First Priority Agreement and (b) any other credit agreement, loan
agreement, note agreement, promissory note, indenture or other agreement or
instrument evidencing or governing the terms of any indebtedness or other
financial accommodation that has been incurred to extend, replace, refinance or
refund in whole or in part the indebtedness and other obligations outstanding
under the Existing First Priority Agreement or any other agreement or
instrument referred to in this clause (b) (provided that, if any such
agreement or instrument creating such extension, replacement, refinancing or
refund were structured in the form of an amendment to a First Priority
Agreement, such agreement or 

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instrument shall be subject to the requirements of Section
6.1(b)) unless such agreement or instrument expressly provides that it is
not intended to be and is not a First Priority Agreement hereunder.  Any reference to the First Priority Agreement
hereunder shall be deemed a reference to any First Priority Agreement then
extant.

“First Priority Collateral” means all assets or
property or interests therein, of any kind or nature, whether now owned or
hereafter acquired by the Borrower or any other Loan Party, in which a Lien is
granted or purported to be granted to any First Priority Secured Party as
security for any First Priority Obligation.

“First Priority Documents” means the First
Priority Agreement and each First Priority Security Document.

“First Priority Lenders” means the “Lenders” as
defined in the First Priority Agreement, and any other Persons that are
designated under the First Priority Agreement as the “First Priority Lenders”
for purposes of this Agreement.

“First Priority Lien” means a Lien on any
Common Collateral or any portion thereof in favor of the First Priority
Representative or another First Priority Secured Party securing the First
Priority Obligations or any portion thereof.

“First Priority Obligations” means (a) all
principal of and interest (including, without limitation, any Post-Petition
Interest) and premium (if any) on all loans made pursuant to, and all other
indebtedness under, the First Priority Agreement (or any predecessor credit
agreement thereto), (b) all reimbursement obligations (if any) and interest
thereon (including, without limitation, any Post-Petition Interest) with
respect to any letter of credit or similar instruments issued pursuant to the
First Priority Agreement (or any predecessor credit agreement thereto),
(c) all Hedging Obligations of any Loan Party, (d) all Cash Management
Obligations of any Loan Party, (e) all fees, expenses and other amounts payable
from time to time pursuant to the First Priority Documents, in each case
whether or not allowed or allowable in an Insolvency Proceeding, and (f) all
other “Obligations” as defined in the First Priority Agreement; provided,
however, that the aggregate principal amount of the loans and
reimbursement obligations with respect to letters of credit that constitute a
part of the First Priority Obligations shall not, as of any date of
determination, exceed the remainder of (i) $43,725,424, minus (ii) the aggregate amount of
principal payments made with respect to the term loans under the First Priority
Agreement, minus (iii) the aggregate amount of any consensual and
permanent reductions (if any) of the revolving commitment under the First
Priority Agreement.  To the extent any
payment with respect to any First Priority Obligation (whether by or on behalf
of any Loan Party, as proceeds of security, enforcement of any right of setoff
or otherwise) is declared to be a fraudulent conveyance or a preference in any
respect, set aside or required to be paid to a debtor in possession, trustee,
any Second Priority Secured Party, receiver or similar Person, then the
obligation or part thereof originally intended to be satisfied shall, for the
purposes of this Agreement and the rights and obligations of the First Priority
Secured Parties and the Second Priority Secured Parties, be deemed to be
reinstated and outstanding as if such payment had not occurred.

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“First Priority Obligations Payment Date” means
the first date on which (a) the First Priority Obligations (other than those
that constitute Unasserted Contingent Obligations) have been indefeasibly paid
in cash in full, (b) all commitments to extend credit under the First Priority
Documents have been terminated, and (c) there are no outstanding letters of
credit or similar instruments issued under the First Priority Documents (other
than such as have been cash collateralized or defeased to the satisfaction of
the First Priority Representative in accordance with any, if any, express terms
of the First Priority Documents).

“First Priority Representative” has the meaning
set forth in the introductory paragraph hereof.

“First Priority Secured Parties” means the
First Priority Representative and the holders of the First Priority
Obligations.

“First Priority Security Documents” means the “Security
Documents” as defined in the First Priority Agreement, and any other agreement,
document or instrument that secures any First Priority Obligations.

“Hedge Agreement” has the meaning set forth in
the First Priority Agreement.

“Hedging Obligations” means, with respect to
any Loan Party, any obligations of such Loan Party owed to any First Priority
Secured Party (or any of its affiliates) in respect of any Hedge Agreement.

“Insolvency Proceeding” means any proceeding in
respect of bankruptcy, insolvency, winding up, receivership, dissolution or
assignment for the benefit of creditors, in each of the foregoing events
whether under the Bankruptcy Code or any similar federal, state or foreign
bankruptcy, insolvency, reorganization, receivership or similar law.

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

“Loan Party” means the Borrower and each direct
or indirect subsidiary, affiliate or shareholder (or equivalent) of the
Borrower or any of its subsidiaries or affiliates that is now or hereafter
becomes a party to any First Priority Document or Second Priority Document.

“Material Event of Default” means an “Event of
Default” as defined in the Second Priority Agreement which consists of either
(a) an Insolvency Proceeding with respect to the Borrower or another Loan
Party, (b) a payment default, (c) a default under any financial covenant, or
(d) a nonpayment default which the Second Priority Representative reasonably
and in good faith determines is material, and in either case which “Event of
Default” continues in existence (without cure or waiver, including any
automatic waiver pursuant to Section 6.1(c) hereof) after the end of the
Standstill Period with respect thereto.

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“Person” means any person, individual, sole
proprietorship, partnership, joint venture, corporation, limited liability
company, unincorporated organization, association, institution, entity or
party, including any government and any political subdivision, agency or instrumentality
thereof.

“Post-Petition Interest” means any interest or
entitlement in fees or expenses that accrues after the commencement of any
Insolvency Proceeding (or that would accrue but for such commencement), whether
or not allowed or allowable in any such Insolvency Proceeding.

“Second Priority Agreement” means (a) the
Existing Second Priority Agreement and (b) any other credit agreement,
loan agreement, note agreement, promissory note, indenture or other agreement
or instrument evidencing or governing the terms of any indebtedness or other
financial accommodation that has been incurred to extend, replace, refinance or
refund in whole or in part the indebtedness and other obligations outstanding
under the Existing Second Priority Agreement or any other agreement or
instrument referred to in this clause (b).  Any reference to the Second Priority
Agreement hereunder shall be deemed a reference to any Second Priority
Agreement then extant.

“Second Priority Collateral” means all assets
or property or interests therein, of any kind or nature, whether now owned or
hereafter acquired by the Borrower or any other Loan Party, in which a Lien is
granted or purported to be granted to any Second Priority Secured Party as
security for any Second Priority Obligation.

“Second Priority Documents” means the Second
Priority Agreement and each Second Priority Security Document.

“Second Priority Lenders” means the “Lenders”
as defined in the Second Priority Agreement, and any other Persons that are
designated under the Second Priority Agreement as the “Second Priority Lenders”
for purposes of this Agreement.

“Second Priority Lien” means a Lien on any
Common Collateral or any portion thereof in favor of the Second Priority
Representative or another Second Priority Secured Party securing the Second
Priority Obligations or any portion thereof.

“Second Priority Obligations” means (a) all
principal of and interest (including, without limitation, any Post-Petition
Interest) and premium (if any) on all loans made pursuant to, and all other
indebtedness under, the Second Priority Agreement, and (b) all fees, expenses
and other amounts payable from time to time pursuant to the Second Priority
Documents, in each case whether or not allowed or allowable in an Insolvency
Proceeding.  To the extent any payment
with respect to any Second Priority Obligation (whether by or on behalf of any
Loan Party, as proceeds of security, enforcement of any right of setoff or
otherwise) is declared to be a fraudulent conveyance or a preference in any respect,
set aside or required to be paid to a debtor in possession, trustee, any First
Priority Secured Party, receiver or similar Person, then the obligation or part
thereof originally intended to be satisfied shall, for the purposes of this
Agreement and the rights and obligations of the First Priority Secured Parties
and the Second Priority Secured Parties, be deemed to be reinstated and
outstanding as if such payment had not occurred.

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“Second Priority Obligations Payment Date”
means the first date on which (a) the Second Priority Obligations have been
indefeasibly paid in cash in full, (b) all commitments to extend credit under
the Second Priority Documents have been terminated, (c) there are no
outstanding letters of credit or similar instruments issued under the Second
Priority Documents, (d) all Liens securing the Second Priority Obligations or
any portion thereof shall have been fully released and appropriate evidence of
such release shall have been duly filed or recorded, as applicable, and (e) the
Second Priority Representative has delivered a written notice to the First
Priority Representative stating that the events described in clauses (a),
(b), (c) and (d) preceding have occurred to the
satisfaction of the Second Priority Secured Parties, and, in response thereto,
the First Priority Representative shall have confirmed that the events
described in clauses (a), (b), (c) and (d)
preceding have occurred to its satisfaction and shall have delivered a written
notice thereof to the Second Priority Representative and the Borrower.

“Second Priority Representative” has the
meaning set forth in the introductory paragraph hereof.

“Second Priority Secured Party” means the
Second Priority Representative and the holders of the Second Priority
Obligations.

“Second Priority Security Documents” means the “Security
Documents” as defined in the Second Priority Agreement, and any other
agreement, document or instrument that secures any Second Priority Obligation.

“Secured Parties” means the First Priority
Secured Parties and the Second Priority Secured Parties.

“Standstill Period” means, with respect to each
Material Event of Default under the Second Priority Agreement and subject to
the succeeding proviso, the period of 135 consecutive days commencing on the
initial date upon which the Second Priority Representative has notified each of
the Borrower and the First Priority Representative of the existence of such
Material Event of Default for purposes of this Agreement; provided, however,
that, so long as the First Priority Representative has commenced and is
diligently pursuing and continues to diligently pursue Enforcement Action(s)
with respect to all or any material portion of the Common Collateral, the
Standstill Period shall continue beyond the end of such 135 days; provided
further, however, that in no event shall the Standstill Period
exceed 360 consecutive days.

“Unasserted Contingent Obligations” shall mean,
at any time, First Priority Obligations for taxes, costs, indemnifications,
reimbursements, damages and other liabilities (excluding (a) the principal
of, and interest and premium (if any) on, and fees and expenses relating to,
any First Priority Obligation and (b) contingent reimbursement obligations in
respect of amounts that may be drawn under outstanding letters of credit) in
respect of which no assertion of liability (whether oral or written) and no
claim or demand for payment (whether oral or written) has been made (and, in
the case of First Priority Obligations for indemnification, no notice of
indemnification has been issued by the indemnitee) at such time.

“Uniform Commercial Code” shall mean the
Uniform Commercial Code as in effect from time to time in the State of Texas
and/or other applicable jurisdiction(s).

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Section 2.               Lien
Priorities.

2.1           Subordination
of Liens, etc.

(a)           Any and all Liens
now existing or hereafter created or arising in favor of any Second Priority
Secured Party securing any Second Priority Obligations, regardless of how
acquired, whether by grant, statute, operation of law, subrogation or
otherwise, are expressly junior and subordinate in priority, operation and
effect to any and all Liens now existing or hereafter created or arising in
favor of any First Priority Secured Party securing any First Priority
Obligation, notwithstanding (i) anything to the contrary contained in any
agreement or filing to which any Second Priority Secured Party may now or
hereafter be a party, and regardless of the time, order or method of grant,
attachment, recording or perfection of any financing statement or other
security interest, assignment, pledge, deed, mortgage or other lien, charge or
encumbrance or any defect or deficiency or alleged defect or deficiency in any
of the foregoing, (ii) any provision of the Uniform Commercial Code or any
applicable law or any First Priority Document or Second Priority Document or
any other circumstance whatsoever, and (iii) the fact that any such Liens in
favor of any First Priority Secured Party securing any First Priority
Obligation are (A) subordinated to any Lien securing any indebtedness or
obligation of any Loan Party other than the Second Priority Obligations or (B)
otherwise subordinated, voided, avoided, invalidated or lapsed.

(b)           No Second Priority
Secured Party shall object to or contest, or support any other Person in
contesting or objecting to, in any proceeding (including, without limitation,
any Insolvency Proceeding) or pursuant to any other action, the validity,
extent, perfection, priority or enforceability of any of the First Priority
Documents or any Lien in the Common Collateral granted (or purported to be
granted) to any First Priority Secured Party. 
Notwithstanding any failure by any First Priority Secured Party to
perfect any Lien in the Common Collateral or any avoidance, invalidation or
subordination by any third party or court of competent jurisdiction of any Lien
in the Common Collateral granted to any First Priority Secured Party, the
priority and rights as between the First Priority Secured Parties and the
Second Priority Secured Parties with respect to the Common Collateral shall be
as set forth herein.

2.2           Nature
of First Priority Obligations.  The
Second Priority Representative on behalf of itself and the other Second
Priority Secured Parties acknowledges that a portion of the First Priority
Obligations are revolving in nature and that the amount thereof that may be
outstanding at any time or from time to time may be increased or reduced and
subsequently reborrowed, and that the terms of the First Priority Obligations
may be amended, extended, supplemented or otherwise modified from time to time,
and that the aggregate amount of the First Priority Obligations may be
increased, renewed, restated, replaced or refinanced, in each event, without
notice to or consent by the Second Priority Secured Parties and without
affecting the provisions hereof (except as otherwise expressly stated in Section
6.1(b)).  The Lien priorities
provided in Section 2.1 shall not be altered or otherwise affected by
any such amendment, extension, supplement, modification, repayment,
reborrowing, increase, renewal, restatement, replacement or refinancing of
either the First Priority Obligations or the Second Priority Obligations, or
any portion thereof.

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2.3           Agreements
regarding Actions to Perfect Liens.

(a)           The Second Priority
Representative on behalf of itself and the other Second Priority Secured
Parties agrees that UCC-1 financing statements, patent, trademark or
copyright filings or other filings or recordings filed or recorded by or on
behalf of the Second Priority Representative shall be in form satisfactory to
the First Priority Representative.

(b)           The Second Priority
Representative agrees on behalf of itself and the other Second Priority Secured
Parties that all mortgages, deeds of trust, deeds and similar instruments
(collectively, “mortgages”) now or thereafter filed against real
property or interests therein in favor of or for the benefit of the Second
Priority Representative shall be in form satisfactory to the First Priority
Representative and shall contain the following notation:  “The lien created by this mortgage on the
property described herein is junior and subordinate to the lien on such
property created by any mortgage, deed of trust or similar instrument now or
hereafter granted to PNC Bank, National Association (whether individually or in
its capacity as agent for lenders or other financial institutions), and its
successors and assigns, in such property, in accordance with the provisions of
the Intercreditor Agreement dated as of December 1, 2005 among PNC Bank,
National Association, as agent for various first priority secured parties, ORIX
Finance Corp., as agent for various second priority secured parties, Insight
Equity A.P. X, LP and its various subsidiaries and affiliates, as amended,
supplemented, restated or otherwise modified from time to time.”

(c)           The First Priority
Representative hereby acknowledges that, to the extent that it holds, or a
third party holds on its behalf, physical possession of or “control” (as
defined in the Uniform Commercial Code) over Common Collateral pursuant to the
First Priority Security Documents, such possession or control is also for the
benefit of the Second Priority Representative and the other Second Priority
Secured Parties solely to the extent required to perfect their security
interest in such Common Collateral. 
Nothing in the preceding sentence shall be construed to impose any duty
on the First Priority Representative (or any third party acting on its behalf)
with respect to such Common Collateral or provide the Second Priority
Representative or any other Second Priority Secured Party with any rights with
respect to such Common Collateral beyond those specified in this Agreement and
the Second Priority Security Documents, provided that, subsequent to the
occurrence of the First Priority Obligations Payment Date, the First Priority
Representative shall (i) deliver to the Second Priority Representative, at the
Borrower’s sole cost and expense, the Common Collateral in its possession or
control together with any necessary endorsements to the extent required by the
Second Priority Documents or (ii) direct and deliver such Common Collateral as
a court of competent jurisdiction otherwise directs, and provided  further
that the provisions of this Agreement are intended solely to govern the
respective Lien priorities as between the First Priority Secured Parties and
the Second Priority Secured Parties and shall not impose on the First Priority
Secured Parties any obligations in respect of the disposition of any Common
Collateral (or any proceeds thereof) that would conflict with prior perfected
Liens or any claims thereon in favor of any other Person that is not a Secured
Party.

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2.4           No
New Liens.  Until the First Priority
Obligations Payment Date has occurred, no Loan Party shall grant to any Second
Priority Secured Party, and no Second Priority Secured Party shall acquire or
hold, any Lien on any assets or property or interests therein, of any kind or
nature, of any Loan Party other than the Common Collateral without the prior
written consent of First Priority Representative and “Required Lenders” as
defined in the First Priority Agreement; provided, however, that
the Loan Parties may grant, and the Second Priority Representative may acquire
and hold (for the benefit of the Secured Priority Secured Parties), Liens on
First Priority Collateral (which such First Priority Collateral, as a result of
the granting or acquisition of such Liens, shall become Common Collateral),
provided that such Liens shall be junior and subordinate to those of the First
Priority Secured Parties as provided in, and shall otherwise be subject to the
terms and provisions of, this Agreement. 
So long as the First Priority Obligations Payment Date has not occurred,
the parties hereto agree that if, notwithstanding the preceding sentence, any
Second Priority Secured Party shall acquire or hold any Lien on any assets or
properties or interests, of any kind or nature, of any Loan Party securing any
Second Priority Obligation which assets or properties or interests are not also
subject to the first-priority Lien of the First Priority Representative under
the First Priority Documents, then the Second Priority Representative, will,
without the need for any further consent of any other Second Priority Secured
Party and notwithstanding anything to the contrary in any other Second Priority
Document, either (a) release such Lien or (b) assign it to the First Priority
Representative as security for the First Priority Obligations (in which case
the Second Priority Representative may retain a junior and subordinate Lien on
such assets or properties or interests subject to the terms hereof).

Section 3.               Enforcement
Rights.

3.1           Exclusive
Enforcement.  Until the First
Priority Obligations Payment Date has occurred, whether or not an Insolvency
Proceeding has been commenced by or against any Loan Party, the First Priority
Secured Parties shall have the exclusive right to take and continue any
Enforcement Action, without any consultation with or consent of any Second
Priority Secured Party, but subject to the proviso set forth in Section 5.1;
provided, however, that such right shall not be exclusive, and
the Second Priority Secured Parties may also take and continue any Enforcement
Action, if and to the extent expressly so stated in and permitted by the
provisos set forth in the last paragraph of Section 3.2.  Upon the occurrence and during the
continuance of a default or an event of default under the First Priority
Documents, the First Priority Representative and the other First Priority
Secured Parties may take and continue any Enforcement Action with respect to
the First Priority Obligations and the Common Collateral in such order and
manner as they may determine in their sole discretion.

3.2           Standstill
and Waivers.  The Second Priority
Representative, on behalf of itself and the other Second Priority Secured
Parties, agrees that (subject to the provisos set forth in the last paragraph
of this Section 3.2 and in Section 5.1), until the First Priority
Obligations Payment Date has occurred, it will not, and will not permit any
Second Priority Secured Party to:

(a)           take or cause to be
taken any action, the purpose or effect of which is to make any Lien in respect
of any Second Priority Obligation pari passu with or senior to, or to give any
Second Priority Secured Party any preference or priority relative to, the Liens
with respect to the First Priority Obligations or the First Priority Secured
Parties 

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with respect
to any of the Common Collateral; provided,  however, that this clause
(a) shall not be construed to prohibit any Second Priority Secured Party
from taking actions to continue the perfection of its Liens against Common
Collateral, which Liens shall be junior and subordinate to those of the First
Priority Secured Parties as provided in this Agreement;

(b)           oppose, object to,
interfere with, hinder or delay, in any manner, whether by judicial proceedings
(including, without limitation, the filing of an Insolvency Proceeding) or
otherwise, any Enforcement Action by the First Priority Representative or any
other First Priority Secured Party;

(c)           have any right to
(i) direct either the First Priority Representative or any other First Priority
Secured Party to exercise any right, remedy or power with respect to the Common
Collateral or pursuant to the First Priority Security Documents or
(ii) consent or object to the exercise by the First Priority
Representative or any other First Priority Secured Party of any right, remedy
or power with respect to the Common Collateral or pursuant to the First
Priority Security Documents or to the timing or manner in which any such right,
remedy or power is exercised or not exercised (or, to the extent they may have
any such right, remedy or power described in this clause (c), whether as
a junior lien creditor or otherwise, they hereby irrevocably waive such right,
remedy or power);

(d)           institute any suit
or other proceeding or assert in any suit, Insolvency Proceeding or other
proceeding, any claim against the First Priority Representative or any other First
Priority Secured Party seeking damages from or other relief by way of specific
performance, instructions or otherwise, with respect to, and none of the First
Priority Representatives nor any other First Priority Secured Party shall be
liable for, any action taken or omitted to be taken by the First Priority
Representative or any other First Priority Secured Party with respect to the
Common Collateral or pursuant to the First Priority Documents;

(e)           make any judicial or
non-judicial claim or demand with respect to, commence any judicial or
non-judicial actions or proceedings (including, without limitation, foreclosure
proceedings) with respect to, seek to have a trustee, receiver, liquidator or
similar official appointed for or over, attempt any action to take possession
of, exercise any right, remedy or power with respect to, or otherwise take any
action to enforce their interest in or realize upon, any Common Collateral; or

(f)            seek, and it and
they hereby waive any right, to have the Common Collateral or any party thereof
marshaled upon any foreclosure or other disposition of the Common Collateral;

provided, however, that, upon
the occurrence and during the continuance of a Material Event of Default under
the Second Priority Documents and after the expiration of the Standstill Period
with respect to such Material Event of Default, the Second Priority Secured
Parties shall have the right to take and continue any Enforcement Action or
other action or proceeding referred to in this Section 3.2 that is permitted
by the Second 

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Priority Documents, in each case subject to the
remaining terms and provisions of this Agreement; provided, further,
however, that all proceeds in any way received by or in any way payable
as a result of or in connection with any such Enforcement Action or other
action or proceeding referred to in this Section 3.2 taken by or on
behalf of any Second Priority Secured Party shall be applied in accordance with
Section 4.1.  Notwithstanding the
foregoing, nothing contained in this Section 3.2 shall prohibit any
Second Priority Secured Party, at any time after the occurrence of a Material
Event of Default, from (i) filing suit against any Loan Party for the purpose
of obtaining a judgment with respect to any Second Priority Obligations or obtaining
such a judgment, or (ii) subject to all of the terms and provisions (including
limitations and restrictions) contained elsewhere in this Agreement,
participating in any Insolvency Proceeding once the same has been commenced
(including, without limitation, filing any proof of claim in connection
therewith).

3.3           Judgment
Creditors.  In the event that any
Second Priority Secured Party becomes a judgment lien creditor in respect of
any Common Collateral as a result of its enforcement of its rights as an
unsecured creditor, such judgment lien shall be subject to the terms of this
Agreement for all purposes (including in relation to the First Priority Liens
and the First Priority Obligations) to the same extent as the Liens securing
the Second Priority Obligations created pursuant to the Second Priority
Security Documents are subject to this Agreement.

3.4           Cooperation.  The Second Priority Representative, on behalf
of itself and the other Second Priority Secured Parties, agrees that each of
them shall take such actions as the First Priority Representative shall request
in connection with the exercise by the First Priority Secured Parties of their
rights set forth herein.

3.5           No
Additional Rights for the Loan Parties Hereunder.  Except as provided in Section 3.6, if
any First Priority Secured Party or Second Priority Secured Party shall enforce
its rights or remedies in violation of the terms of this Agreement, neither the
Borrower nor any other Loan Party shall be entitled to use such violation as a
defense to any action by any First Priority Secured Party or Second Priority
Secured Party or to assert such violation as a counterclaim or basis for set
off or recoupment against any First Priority Secured Party or Second Priority
Secured Party.

3.6           Actions
upon Breach.

(a)           If any Second
Priority Secured Party commences or participates in any Enforcement Action or
other action or proceeding in violation of this Agreement, then the Borrower or
such other Loan Party (as applicable) may interpose as a defense or dilatory
plea the making of this Agreement, and any First Priority Secured Party may
intervene and interpose such defense or plea in its or their name or in the
name of the Borrower or such other Loan Party (as applicable).

(b)           Should any Second
Priority Secured Party in any way take, or attempt to or threaten to take, any
Enforcement Action or other action or proceeding in violation of this Agreement
(including, without limitation, any attempt to realize upon or enforce any
right or remedy with respect to this Agreement) or fail to take any action
required by this 

 11
 

 

Agreement, any
First Priority Secured Party (in its or their own name or in the name of the
Borrower or any other Loan Party) or the Borrower or any other Loan Party may
obtain relief against such Second Priority Secured Party by injunction,
specific performance and/or other appropriate equitable relief, it being
understood and agreed by the Second Priority Representative on behalf of each
Second Priority Secured Party that (i) the damages of the First Priority
Secured Parties from the improper actions of the Second Priority Secured
Parties may at that time be difficult to ascertain and may be irreparable, and
(ii) each Second Priority Secured Party waives any defense that the Person(s)
requesting such relief cannot demonstrate damage and/or be made whole by the
awarding of damages.

Section 4.               Application
of Proceeds of Common Collateral; Dispositions and Releases of Common
Collateral; Inspection and Insurance.

4.1           Application
of Proceeds; Turnover Provisions. 
All proceeds of Common Collateral (including, without limitation, any
interest earned thereon) resulting from the sale, collection or other
disposition of, or other action with respect to, or any casualty loss or other
insured loss with respect to, any Common Collateral (a) in connection with or
resulting from any Enforcement Action, (b) in connection with or resulting from
any action or proceeding or other matter which is in violation of this
Agreement or any First Priority Document or (c) which are required, in
accordance with any First Priority Document, to be paid or delivered to or for
the benefit of the First Priority Representative or the other First Priority
Secured Parties (unless such requirement has been waived in writing in
accordance with the First Priority Agreement, in which case such proceeds shall
be distributed to the Second Priority Representative for application in
accordance with the Second Priority Documents), whether or not pursuant to an
Insolvency Proceeding, shall be distributed as follows:  first to the First Priority
Representative for application to the First Priority Obligations in accordance
with the terms of the First Priority Documents, until the First Priority
Obligations Payment Date has occurred, and thereafter, to the Second
Priority Representative for application to the Second Priority Obligations in
accordance with the Second Priority Documents. 
Until the occurrence of the First Priority Obligations Payment Date, any
Common Collateral, including without limitation any Common Collateral
constituting proceeds, that may be received by any Second Priority Secured
Party in violation of this Agreement shall be segregated and held in trust and
promptly paid over to the First Priority Representative, for the benefit of the
First Priority Secured Parties, in the same form as received, with any
necessary endorsements, and each Second Priority Secured Party hereby
authorizes the First Priority Representative to make any such endorsements as
agent for the Second Priority Secured Parties (which authorization, being
coupled with an interest, is irrevocable).

4.2           Releases
of Second Priority Lien.

(a)           Upon any release,
sale or disposition of Common Collateral which is either (i) permitted pursuant
to the terms of the First Priority Documents or (ii) permitted or undertaken by or at the direction of, or with
the consent or approval of, the First Priority Representative, the “Required
Lenders” as defined in the First Priority Agreement or the First Priority
Secured Parties pursuant to, in connection with or resulting from any
Enforcement Action, in either case that results in the release of the First
Priority Lien on any Common Collateral, the Second Priority Lien on such Common

 12
 

 

Collateral
(but not on any proceeds of such Common Collateral not required to be paid to
the First Priority Secured Parties) shall be automatically and unconditionally
released with no further consent or action of any Person; provided, however,
that such Second Priority Lien on such Common Collateral shall not be so
released (A) without the written consent of the Second Priority Representative
if the First Priority Obligations Payment Date has occurred in connection with
such release of the First Priority Lien thereon and such release of such Second
Priority Lien is not required in order
to accomplish such occurrence or (B) after the occurrence and during the
continuation of a Material Event of Default except in the event of or in
connection with an Enforcement Action by any First Priority Secured Party (in
the case of which exception this clause (B) in this proviso shall not
apply).

(b)           The Second Priority
Representative shall promptly execute and deliver such release documents and
instruments and shall take such further actions as the First Priority
Representative shall request to evidence any release of the Second Priority
Lien described in Section 4.2(a). 
The Second Priority Representative hereby appoints the First Priority
Representative and any officer or duly authorized person of the First Priority
Representative, with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power of attorney in the place and stead
of the Second Priority Representative and in the name of the Second Priority
Representative or in the First Priority Representative’s own name, from time to
time, in the First Priority Representative’s sole discretion, for the purposes
of carrying out the terms of this Section 4.2, to take any and all
appropriate action and to execute and deliver any and all documents and
instruments as may be necessary or desirable to accomplish the purposes of this
Section 4.2, including, without limitation, any financing statements,
endorsements, assignments, releases or other documents or instruments of
transfer (which appointment, being coupled with an interest, is irrevocable).

4.3           Inspection
Rights and Insurance.

(a)           Any First Priority
Secured Party and its representatives and invitees may at any time inspect,
repossess, remove and otherwise deal with the Common Collateral, and the First
Priority Representative may advertise and conduct public auctions or private
sales of the Common Collateral, in each case without notice to (other than any
notice that may be required by the Uniform Commercial Code), the involvement of
(other than any involvement that may be required by the Uniform Commercial
Code) or interference by any Second Priority Secured Party or liability to any
Second Priority Secured Party.

(b)           Until the First
Priority Obligations Payment Date has occurred, the First Priority
Representative will have the sole and exclusive right (i) to be named as
additional insured and loss payee under any insurance policies maintained from
time to time by any Loan Party; (ii) to adjust or settle any insurance policy
or claim covering the Common Collateral or business interruption in the event
of any loss or claim thereunder and (iii) to approve any award granted in any
condemnation or similar proceeding affecting the Common Collateral; provided,
however, that the Second Priority Representative may be named as
additional insured and loss payee under such insurance policies if (but only
if), in connection with being so named, its right to receive any 

 13
 

 

insurance
payments in any way attributable to or with respect to any Common Collateral is
expressly junior and subordinate to the right of the First Priority
Representative to receive and retain the same pursuant to an agreement in form
and substance satisfactory to the First Priority Representative.

(c)           In the event that
any insurance proceeds are payable with respect to any Common Collateral, the
insurance companies from whom insurance proceeds are payable are hereby
directed by the Loan Parties, the First Priority Representative and the Second
Priority Representative to make and deliver payment for such loss to the First
Priority Representative until the First Priority Obligations Payment Date has
occurred, or to the Second Priority Representative after the First Priority
Obligations Payment Date has occurred and before the Second Priority Obligations
Payment Date has occurred, and in each case not to such Person and any Loan
Party jointly.  If any insurance losses
are paid by check, draft or other instrument payable jointly, each Loan Party
and the Second Priority Representative hereby appoints the First Priority
Representative or its designee, at all times until the First Priority
Obligations Payment Date has occurred, as attorney-in-fact for such Loan Party
and the Second Priority Representative with the power to endorse such Loan
Party’s and the Second Priority Representative’s name thereon and to do such
other things as the First Priority Representative may deem advisable to reduce
the same to cash, and each Loan Party hereby appoints the Secured Priority
Representative or its designee, at all times after the First Priority
Obligations Payment Date has occurred and before the Second Priority
Obligations Payment Date has occurred, as attorney-in-fact for such Loan Party
with the power to endorse such Loan Party’s name thereon and to do such other
things as the Second Priority Representative may deem advisable to reduce the
same to cash.  Each of the parties hereto
agrees to use all reasonable efforts to cause the applicable insurance
companies to comply with the provisions of this Section 4.3(c).

4.4           Purchase
Right.  Upon the acceleration of the
maturity of the First Priority Obligations by the First Priority
Representative, the Second Priority Secured Parties will have the right,
exercisable during the period of time (and only during the period of time) not to exceed 10 business
days after such acceleration and demand and written notice thereof has been
given by the First Priority Representative to the Second Priority
Representative or by the Second Priority Representative to the First Priority
Representative, to (a) purchase in cash (payable in immediately available
funds) from the First Priority Secured Parties all, but not less than all, of
the First Priority Obligations at the purchase price equal to the sum of (i)
the aggregate principal amount of all outstanding First Priority Obligations, plus
(ii) the aggregate amount of all accrued and unpaid interest thereon, plus
(iii) the amount of all prepayment penalties payable with respect thereto, plus
(iv) the aggregate amount of all fees, costs, expenses or other amounts payable
or reimbursable pursuant to the First Priority Documents (other than Unasserted
Contingent Obligations), (b) replace (and thereby cancel) all letters of credit
issued and outstanding under the First Priority Documents with letters of
credit acceptable to the Borrower, and (c) assume all obligations of the First
Priority Representative and the other First Priority Secured Parties under the First Priority Documents.  Such purchase, replacement and assumption
shall be effectuated pursuant to agreements satisfactory in form and substance
to the First Priority Representative; provided,  however, that the
Second Priority Secured Parties will not

 14

 

have any right pursuant to this Section
4.4 unless each of the matters referred to in clause (a), clause
(b) and clause (c) preceding occurs within such period.

Section 5.               Insolvency Proceedings.

5.1           Filing of Motions.  Until the First Priority Obligations Payment
Date has occurred, the Second Priority Representative agrees, on behalf of
itself and the other Second Priority Secured Parties, that no Second Priority
Secured Party shall, in or in connection with any Insolvency Proceeding, file
any pleadings or motions, take any position at any hearing or proceeding of any
nature, or otherwise take any action whatsoever, in each case in respect of any
of the Common Collateral, including, without limitation, with respect to the
determination of any Liens or claims held by the First Priority Representative
(including the validity and enforceability thereof) or any other First Priority
Secured Party or the value of any claims of such parties under Section 506(a)
of the Bankruptcy Code or otherwise; provided that the Second Priority
Representative may file a proof of claim in an Insolvency Proceeding and may
vote such claim in the context of a plan of reorganization in such Insolvency
Proceeding, subject to the limitations contained in this Agreement and only if
consistent with the terms and the limitations on the Second Priority
Representative imposed hereby; provided, however, that the Second
Priority Representative may file a proof of claim in an Insolvency Proceeding
and may vote such claim in the context of a plan of reorganization in such
Insolvency Proceeding, subject to the limitations contained in this Agreement
and only if consistent with the terms and the limitations on the Second
Priority Representative imposed hereby, and the Second Priority Representative may
file a motion pursuant to Section 506(b) of the Bankruptcy Code.

5.2           Financing Matters.  If the Borrower or any other Loan Party
becomes subject to any Insolvency Proceeding, and if the First Priority
Representative or one or more of the other First Priority Secured Parties
desire to consent to the use of cash collateral under the Bankruptcy Code or to
provide financing to any Loan Party under the Bankruptcy Code (“DIP
Financing”), then the Second Priority Representative agrees, on behalf of
itself and the other Second Priority Secured Parties, that each Second Priority
Secured Party (a) subject to the proviso below, will be deemed to have
consented to, and will raise no object to and will not support any other Person
objecting to, the use of such cash collateral or to such DIP Financing, (b)will
not request or accept adequate protection or any other relief in connection
with the use of such cash collateral or such DIP Financing except as set forth
in Section 5.4 below, (c) will subordinate (and will be deemed hereunder
to have subordinated) the Second Priority Liens (i) to such DIP Financing on
the same terms as the First Priority Liens are subordinated thereto (and such
subordination will not alter in any manner the terms of this Agreement) and
(ii) to any adequate protection provided to the First Priority Secured Parties,
and (d) agrees that notice received two calendar days prior to the entry of an
order approving such usage of cash collateral or approving such financing shall
be adequate notice; provided, however, that the Second Priority Secured Parties
will not be deemed to have consented to any DIP Financing unless (A) the sum of
the aggregate principal amount of such DIP Financing plus the aggregate
outstanding principal amount of the loans advanced under the First Priority
Agreement and the other First Priority Documents plus any undrawn portion of
revolving commitments pursuant to the First Priority Agreement plus the
aggregate face amount of any letters of credit issued and not reimbursed under the
First Priority Agreement does not exceed the Maximum First Priority Obligations
Principal Loan Amount (as 

 15
 

 

defined in Section 6.l(b)(i) below)
and (B) such DIP Financing is on commercially reasonable terms.

5.3           Relief from the Automatic Stay.  The Second Priority Representative agrees, on
behalf of itself and the other Second Priority Secured Parties, that none of
them will seek relief from the automatic stay or from any other stay in any
Insolvency Proceeding or take any action in derogation thereof, in each case in
respect of any Common Collateral, without the prior written consent of the
First Priority Representative.

5.4           Adequate Protection.  The Second Lien Priority Representative
agrees, on behalf of itself and the other Second Priority Secured Parties, that
none of them shall object to or contest, or support any other Person in
objecting to or contesting, (a) any request by the First Priority
Representative or any other First Priority Secured Parties for adequate
protection or (b) any objection by the First Priority Representative or
any other First Priority Secured Parties to any motion, relief, action or
proceeding based on a claim of a lack of adequate protection or (c) the
payment of interest, fees, expenses or other amounts to the First Priority
Representative or any other First Priority Secured Party under Section 506(b)
or 506(c) of the Bankruptcy Code or otherwise. 
Notwithstanding anything contained in this Section and in Section 5.2,
in any Insolvency Proceeding, (i) if the First Priority Secured Parties (or any
subset thereof) are granted adequate protection in the form of additional
collateral or superiority claims in connection with any DIP Financing or use of
cash collateral, then the Second Priority Representative, on behalf of itself and
any of the Second Priority Secured Parties, may seek or accept adequate
protection in the form of the following, but may not seek or accept adequate
protection in any other form:  (A) a
replacement Lien on such additional collateral, subordinated to the Liens
securing the First Priority Obligations and such DIP Financing on the same
basis as the other Liens securing the Second Priority Obligations are so
subordinated to Liens securing the First Priority Obligations under this
Agreement, (B) superiority claims junior and subordinate in all respects to the
superpriority claims granted to the First Priority Secured Parties, and (C) in
the event (but only in the event) that the First Priority Secured Parties
consent to the receipt of adequate protection payments by the Second Priority
Secured Parties, adequate protection payments, and (ii) in the event the Second
Priority Representative, on behalf of itself and the Second Priority Secured
Parties, seeks or requests adequate protection and such adequate protection is
granted in the form of additional collateral, then the Second Priority
Representative, on behalf of itself or any of the Second Priority Secured
Parties, agrees that the First Priority Representative shall also be granted a
senior Lien on such additional collateral as security for the First Priority
Obligations and any such DIP Financing and that any Lien on such additional
collateral securing the Second Priority Obligations shall be subordinated to
the Liens on such collateral securing the First Priority Obligations and any
such DIP Financing (and all Obligations relating thereto) and any other Liens
granted to the First Priority Secured Parties as adequate protection on the
same basis as the other Liens securing the Second Priority Obligations are so
subordinated to the Liens securing the First Priority Obligations under this
Agreement.

5.5           Avoidance Issues.  If any First Priority Secured Party is
required, in any Insolvency Proceeding or otherwise, to disgorge, turn over or
otherwise pay to the estate of any Loan Party, because such payment was avoided
or ordered to be paid or disgorged for any reason, including, without
limitation, because it was found to be a fraudulent or preferential transfer,
any amount, money, property or other thing of value (a “Recovery”),
whether received 

 16
 

 

as proceeds of security, enforcement of any
right of set-off or otherwise, then the First Priority Obligations shall be
reinstated to the extent of such Recovery and deemed to be outstanding as if
the payment that was the subject of such Recovery had not occurred and the
First Priority Obligations Payment Date shall be deemed not to have
occurred.  If this Agreement shall have
been terminated prior to such Recovery, this Agreement shall be reinstated in
fill force and effect as if such termination had never occurred, and such prior
termination shall not diminish, release, discharge, impair or otherwise affect
the duties or obligations, or rights or remedies, of the parties hereto.  The Second Priority Secured Parties agree that
none of them shall be entitled to benefit from any avoidance action affecting
or otherwise relating to any distribution made on account of the First Priority
Obligations or allocation made to any First Priority Secured Party in
accordance with this Agreement, whether by preference or otherwise, it being
understood and agreed that the benefit of such avoidance action otherwise
allocable to any Second Priority Secured Party shall instead be allocated and
turned over for application in accordance with the priorities set forth in this
Agreement.

5.6           Asset Dispositions in an
Insolvency Proceeding.  Neither the
Second Priority Representative nor any other Second Priority Secured Party
shall, in an Insolvency Proceeding or otherwise, oppose any sale or disposition
of any assets or property or interests therein of the Borrower or any other
Loan Party that is supported by the First Priority Representative and/or the
First Priority Secured Parties, and the Second Priority Representative and each
other Second Priority Secured Party will be deemed to have (a) consented under
Section 363 of the Bankruptcy Code (and otherwise) to any such sale or
disposition supported by the First Priority Representative and/or the First
Priority Secured Parties and (b) released their Liens in such assets or
property or interests.  However, nothing
herein shall restrict the ability of the Second Priority Representative or any
other Second Priority Secured Party, in an Insolvency Proceeding, from bidding
on the sale or disposition of any assets or interests therein of the Borrower
or any other Loan Party.

5.7           Separate Grants of Security and
Separate Classification.  Each Second
Priority Secured Party acknowledges and agrees that (a) the grants of Liens
pursuant to the First Priority Security Documents and the Second Priority
Security Documents constitute two separate and distinct grants of Liens and (b)
because of, among other things, their differing rights in the Common
Collateral, the Second Priority Obligations are fundamentally different from
the First Priority Obligations and must be separately classified in any plan of
reorganization proposed or adopted in an Insolvency Proceeding.  To further effectuate the intent of the
parties as provided in the immediately preceding sentence, if it is held that
the claims against the First Priority Secured Parties and the Second Priority
Secured Parties in respect of the Common Collateral constitute only one secured
claim (rather than separate classes of senior and junior secured claims), then
the Second Priority Secured Parties hereby acknowledge and agree that all
distributions shall be made as if there were separate classes of senior and
junior secured claims against the Loan Parties in respect of the Common
Collateral, with the effect being that, to the extent that the aggregate value
of the Common Collateral is sufficient (for this purpose ignoring all claims
held by the Second Priority Secured Parties), the First Priority Secured
Parties shall be entitled to receive, in addition to amounts distributed to
them in respect of principal, pre-petition interest and other claims, all
amounts accrued or owing (or that would be accrued or owing if there were such
separate classes of senior and junior secured claims) in respect of
Post-Petition Interest before any distribution is made in respect of the claims
held by the Second Priority 

 17
 

 

Secured Parties, with the Second Priority
Secured Parties hereby acknowledging and agreeing to turn over to the First
Priority Representative, for the benefit of the First Priority Secured Parties,
amounts otherwise received or receivable by them to the extent necessary to
effectuate the intent of this Section, even if such turnover has the effect of
reducing the claim or recovery of the Second Priority Secured Parties.  However, nothing herein shall entitle the
First Priority Representative to receive any amount paid to the Second Priority
Secured Parties by any Loan Party on account of the unsecured claim, if any, of
the Second Priority Secured Parties if and to the extent (but only if and to
the extent) such payment is from sources other than proceeds of collateral in
which the First Priority Representative has a Lien.

5.8           No Waivers of Rights of First
Priority Secured Parties.  Nothing
contained herein shall prohibit or in any way limit the First Priority
Representative or any other First Priority Secured Party from objecting, in any
Insolvency Proceeding or otherwise, to any action taken by any Second Priority
Secured Party, including the seeking by any Second Priority Secured Party of
adequate protection or the asserting by any Second Priority Secured Party of
any of its rights and remedies under the Second Priority Documents or
otherwise.

5.9           Plan of Reorganization.  No Second Priority Secured Party shall
support or vote in favor of any plan of reorganization as a secured creditor
(and each shall be deemed to have voted to reject any plan of reorganization),
unless such plan (a) pays off, in cash in
full, all First Priority Obligations, (b) is accepted by the class of
holders of First Priority Obligations voting thereon and is supported by the
First Priority Representative or (c) incorporates this Agreement by reference
and continues the rights and priorities of the First Priority Secured Parties
and the Second Priority Secured Parties in the Common Collateral subsequent to
the effective date of such plan; provided,  however, that nothing
herein shall prohibit or impair any Second Priority Secured Party from
supporting or voting in favor of any plan of reorganization as an unsecured
creditor.

5.10         Other Matters.  To the extent that the Second Priority
Representative or any Second Priority Secured Party has or acquires rights
under Section 363 or Section 364 of the Bankruptcy Code with respect to any of
the Common Collateral, the Second Priority Representative agrees, on behalf of
itself and the other Second Priority Secured Parties, not to assert any of such
rights without the prior written consent of the First Priority Representative; provided
that, if requested by the First Priority Representative, the Second Priority
Representative shall timely exercise such rights in the manner requested by the
First Priority Representative, including any rights to payment in respect of
such rights.

5.11         Effectiveness in Insolvency
Proceedings.  This Agreement shall be
effective both before and after the commencement of an Insolvency
Proceeding.  All references in this
Agreement to any Loan Party shall include such Loan Party as a
debtor-in-possession and any receiver or trustee for such Loan Party in any
Insolvency Proceeding.

5.12         Rights as Unsecured Creditors.  Except as otherwise provided in this
Agreement, each Second Priority Secured Party retains and may exercise any
rights and remedies that it may have as an unsecured creditor in any Insolvency
Proceeding or otherwise.

 18
 

 

Section 6.               Second Priority Documents and
First Priority Documents.

6.1           Amendments, etc.

(a)           Each
Loan Party and the Second Priority Representative, on behalf of itself and the
Second Priority Secured Parties, agrees that it shall not at any time execute
or deliver any amendment, supplement, restatement or other modification of or
to any of the Second Priority Documents which is inconsistent with or in
violation of this Agreement.  In addition
to and without limiting the generality of the foregoing, neither any Loan Party
nor any Second Priority Secured Party shall, without the prior written consent
of the First Priority Representative and the “Required Lenders” as defined in
the First Priority Agreement, amend, supplement, restate or otherwise modify
any Second Priority Document (or agree or attempt to do so) which would in any
way do any of the following:

(i)            increase
the aggregate outstanding principal amount of the loans under the Second
Priority Agreement to an amount that is greater than the remainder of (A)
$31,500,000 minus (B) the aggregate amount of principal payments made
with respect to the loans under the Second Priority Agreement;

(ii)           increase
the interest rate margin applicable to loans under the Second Priority
Agreement by more than 3.00% per annum (excluding increases resulting from the
accrual of interest at a default rate) (which interest rate margin is, as of
the date of this Agreement and under the Existing Second Priority Agreement,
6.50%), increase the base interest rate applicable to loans under the Second
Priority Agreement to in excess of the greater of the “Eurodollar Rate” as
defined in the Second Priority Agreement as of the date of this Agreement or
3.50% per annum or increase the default rate of interest applicable to any
Second Priority Obligations;

(iii)          increase
the fees (no matter how characterized) payable to the Second Priority
Representative or any other Second Priority Secured Party as compared to the
fees payable in accordance with the Existing Second Priority Agreement as of
the date of this Agreement;

(iv)          modify,
to an earlier date, the scheduled maturity date of the loans under the Second
Priority Agreement (which maturity date is, as of the date of this Agreement,
December 1, 2011);

(v)           modify
(or have the effect of a modification to) the amortization schedule for any of
the loans under the Second Priority Agreement to require the earlier payment of
any amount of such loans;

(vi)          modify
(or have the effect of a modification to) the definition of the term “Event of
Default” under the Second Priority Agreement in a manner adverse to the Loan
Parties;

 19
 

 

(vii)         modify
(or have the effect of a modification to) any prepayment, redemption or
defeasance provision of any Second Priority Document;

(viii)        modify,
to an earlier date, any date upon which principal or accrued interest is
payable with respect to any of the Second Priority Obligations under any of the
Second Priority Documents;

(ix)           make
any financial covenant set forth in Section 6.5, 6.6 or 6.12 of the Existing
Second Priority Agreement (or the analogous section of any subsequent Second
Priority Agreement), or any other covenant under any Second Priority Document,
more restrictive to the Borrower or any other Loan Party;

(x)            modify
any provision of any Second Priority Document to obtain any collateral or
security or guaranty for the payment of performance of any of the Second
Priority Obligations (other than the Common Collateral and the guaranties
provided pursuant to the Existing Second Priority Agreement); provided, however,
that the Loan Parties and Second Priority Secured Parties may modify the Second
Priority Documents to grant and acquire and hold Liens to the extent expressly
permitted by Section 2.4; or

(xi)           increase
the obligations of the Borrower or any other Loan Party or confer any
additional rights on the Second Priority Representative or any other Second
Priority Secured Party which could, in any manner, either individually or in
the aggregate, adversely affect the First Priority Representative or any other
First Priority Secured Party.

(b)           Each
Loan Party and the First Priority Representative, on behalf of itself and the
First Priority Secured Parties, agrees that it shall not at any time execute or
deliver any amendment, supplement, restatement or other modification of or to
any of the First Priority Documents which is inconsistent with or in violation
of this Agreement.  In addition to and
without limiting the generality of the foregoing, neither any Loan Party or any
First Priority Secured Party shall, without the prior written consent of the
Second Priority Representative and the “Required Lenders” as defined in the
Second Priority Agreement, amend, supplement, restate or otherwise modify any
First Priority Document (or agree or attempt to do so) which would in any way
do any of the following:

(i)            increase
(A) the sum of (1) the aggregate outstanding principal amount of the loans
under the First Priority Agreement, plus (2) the aggregate face amount
of any letters of credit issued and outstanding but not reimbursed under the
First Priority Agreement, plus (3) the aggregate amount of any undrawn
portion of the revolving commitment under the First Priority Agreement, to an
amount that is greater than (B) the remainder of (1) $43,725,424, minus
(2) the aggregate amount of principal payments made with respect to the term
loans under the First Priority Agreement, minus (3) the aggregate amount
of any consensual and permanent reductions (if any) of the revolving commitment
under the First Priority Agreement (which remainder is called the “Maximum
First Priority Obligations Principal Loan Amount”);

 20
 

 

(ii)           increase
the interest rate margin applicable to the “Loans” as defined in the First
Priority Agreement by more than 3.00% per annum (excluding increases resulting
from the accrual of interest at a default rate) (which interest rate margin is,
as of the date of this Agreement and under the Existing First Priority
Agreement, with respect to “Revolving Advances,” zero percent with respect to “Domestic
Rate Loans” and 2.50% with respect to “Eurodollar Rate Loans” and, with respect
to “Term Loans”, 0.50% with respect to Domestic Rate Loans and 3.50% with
respect to Eurodollar Rate Loans);

(iii)          extend
the scheduled maturity date of the “Loans” as defined in the First Priority
Agreement beyond July 18, 2011;

(iv)          obligate
or permit the First Priority Representative or the First Priority Secured
Parties to release any Lien on any Common Collateral other than to the extent
permitted to be released without the consent of all First Priority Secured
Parties under the First Priority Documents as in effect on the date of this
Agreement;

(v)           modify
(or have the effect of a modification to) the mandatory prepayment provisions of
the First Priority Documents in a manner adverse to the Second Priority Secured
Parties;

(vi)          modify,
to an earlier date, any date upon which principal or accrued interest is
payable with respect to the First Priority Obligations under the First Priority
Documents; or

(vii)         make
any financial covenant set forth in Section 6.5, 6.6 or 6.12 of the Existing
First Priority Agreement (or the analogous section of any subsequent First
Priority Agreement) more restrictive to the Borrower or any other Loan Party.

(c)           In
the event the First Priority Representative enters into any amendment,
modification, waiver or consent in respect of any of the First Priority
Security Documents for the purpose of adding to, or deleting from, or waiving
or consenting to any departures from any provisions of, any First Priority
Security Document or changing in any manner the rights or remedies of any
parties thereunder, then such amendment, waiver or consent shall apply
automatically to any comparable provisions of the Comparable Second Lien
Security Document without the consent of or action by any Second Priority
Secured Party (with all such amendments, modifications, waivers and consents
subject to the terms hereof); provided that (other than with respect to
amendments, modifications, waivers or consents that secure additional
extensions of credit and add additional secured creditors and do not violate
the provisions of the Second Priority Agreements), (i) no such amendment,
modification, waiver or consent shall have the effect of removing or releasing
assets subject to the Lien of any Second Priority Security Document, except to
the extent that a removal or release thereof is permitted by Section 4.2,
(ii) any such amendment, modification, waiver or consent that could reasonably
be expected to adversely affect the rights of the Second Priority Secured
Parties and does not affect the 

 21
 

 

rights of the First Priority Secured Parties in a like or similar
manner shall not apply to the Second Priority Security Documents without the
consent of the Second Priority Representative, (iii) no such amendment,
modification, waiver or consent shall have the effect of imposing additional
duties or obligations on the Second Priority Representative or any other Second
Priority Secured Party without its or their prior consent; (iv) no such
amendment, modification, waiver or consent shall have the effect of permitting
additional Liens on the Common Collateral which are not permitted under the
Existing First Priority Agreement; and (v) notice of such amendment,
modification, waiver or consent shall be given to the Second Priority
Representative no later than 15 business days after its effectiveness.

6.2           Prepayments of the Second Priority
Obligations.  Until the First
Priority Obligations Payment Date has occurred, the Borrower and the other Loan
Parties shall not prepay, prior to the regularly scheduled due date for the
payment thereof as set forth in the Second Priority Agreement (without
amendment, supplement, restatement or other modification except as may be
expressly permitted by Section 6(a)), any of the principal of, or any
accrued interest on, the “Term Loans B” as defined in the First Priority
Agreement, and neither the Second Priority Representative nor any other Second
Priority Secured Party shall receive, accept or retain any such prepayment,
whether such prepayment is voluntary or mandatory under the terms of the Second
Priority Documents, without the prior written consent of the First Priority
Representative and the “Required Lenders” as defined in the First Priority
Agreement; provided, however, that, (a) after payment in full of
all principal of and accrued interest on the “Term Loans” as defined in the
First Priority Agreement, such prepayment may be made by the Borrower, and may
be received, accepted and retained by the Second Priority Representative and
the other Second Priority Secured Parties, from the proceeds of a “Public
Offering” as defined in the Existing First Priority Agreement and (b) if the
First Priority Representative and the “Required Lenders” as defined in the
First Priority Agreement waive in writing their right to receive, accept and
retain any mandatory or voluntary prepayment that would otherwise be applied to
the First Priority Obligations, such prepayment may be made by the Borrower to,
and may be received, accepted and retained by, the Second Priority
Representative and the other Second Priority Secured Parties if and to the
extent that such a prepayment is required to be applied to the Second Priority
Obligations in accordance with the Second Priority Documents in effect as of
the date of this Agreement.

Section 7.               Reliance; Waivers, etc.

7.1           Reliance.  The First Priority Documents are deemed to
have been executed and delivered, and all extensions of credit thereunder are
deemed to have been made or incurred, in reliance upon this Agreement.  The Second Priority Representative, on behalf
of itself and the Second Priority Secured Parties, expressly waives all notices
of the acceptance of and reliance on this Agreement by the First Priority
Secured Parties.  The Second Priority
Documents are deemed to have been executed and delivered, and all extensions of
credit thereunder are deemed to have been made or incurred, in reliance upon
this Agreement.  The First Priority
Representative, on behalf of itself and the First Priority Secured Parties,
expressly waives all notices of the acceptance of and reliance on this
Agreement by the Second Priority Secured Parties.

 22
 

 

7.2           No Warranties or Liability.  The Second Priority Representative
acknowledges and agrees that the First Priority Representative has not made any
representation or warranty with respect to the execution, validity, legality,
completeness, collectibility or enforceability of any First Priority
Document.  Except as otherwise provided
in this Agreement, the Second Priority Representative and the First Priority
Representative will be entitled to manage and supervise their respective
extensions of credit to any Loan Party in accordance with law and their usual
practices, modified from time to time as they deem appropriate.

7.3           No Waivers.  No right or benefit of any party hereunder
shall at any time in any way be prejudiced or impaired by any act or failure to
act on the part of such party or any other party hereto or by any noncompliance
by any Loan Party with the terms and conditions of any of the First Priority
Documents or the Second Priority Documents.

7.4           No Fiduciary Relationship.  Each of the First Priority Secured Parties
and the Second Priority Secured Parties agrees that there does not exist any
fiduciary, agency or similar relationship between any First Priority Secured
Party and any Second Priority Secured Party. 
Except as may be expressly set forth in this Agreement, the First
Priority Representative shall not have any duty or obligation to the Second
Priority Representative or any other Second Priority Secured Party.

7.5           Discretionary Consents or
Approvals.  Unless otherwise
expressly provided herein, if and to the extent that any matter referred to
herein is subject to or permitted with the approval or consent of any Person,
such Person shall be permitted to withhold or provide such approval or consent
in its sole discretion.

Section 8.               Obligations Unconditional.

8.1           First Priority Obligations
Unconditional.  All rights and
interests of the First Priority Secured Parties under this Agreement, and all
agreements, duties and obligations of the Second Priority Secured Parties, the
Borrower and the other Loan Parties (to the extent applicable) hereunder, shall
remain in full force and effect irrespective of:

(a)           any
lack of validity or enforceability of any First Priority Document;

(b)           except
as may be expressly prohibited by this Agreement, any change in the time, place
or manner of payment of, or in any other term of, all or any portion of the First
Priority Obligations, or any amendment, supplement, waiver, consent or other
modification, whether by course of conduct or otherwise, or any refinancing,
replacement, refunding or restatement of any First Priority Document;

(c)           prior
to the First Priority Obligations Payment Date, any exchange, release, voiding,
avoidance or non-perfection of any Lien in any Common Collateral or any other
collateral, or any release, amendment, supplement, waiver, consent or other
modification, whether by course of conduct or otherwise, or any refinancing,
replacement, refunding or restatement of all or any portion of the First
Priority Obligations or any guarantee or guaranty thereof; or

 23
 

 

(d)           any
other circumstances that otherwise might constitute a defense available to, or
a discharge of, any Loan Party in respect of the First Priority Obligations, or
any of the Second Priority Secured Parties or to the extent applicable, any
Loan Party in respect of this Agreement.

8.2           Second Priority Obligations
Unconditional.  Except as otherwise
provided in this Agreement, all rights and interests of the Second Priority
Secured Parties under this Agreement, and all agreements, duties and
obligations of the First Priority Secured Parties, the Borrower and the other
Loan Parties (to the extent applicable) hereunder, shall remain in full force
and effect irrespective of:

(a)           any
lack of validity or enforceability of any Second Priority Document;

(b)           except
as may be expressly prohibited by this Agreement, any change in the time, place
or manner of payment of, or in any other term of, all or any portion of the Second Priority Obligations, or
any amendment, supplement, waiver, consent or other modification, whether by
course of conduct or otherwise, or any refinancing, replacement, refunding or
restatement of any Second Priority Document;

(c)           any
exchange, release, voiding, avoidance or non-perfection of any Lien in any
Common Collateral or any other collateral, or any release, amendment,
supplement, waiver, consent or other modification, whether by course of conduct
or otherwise, or any refinancing, replacement, refunding or restatement of all
or any portion of the Second Priority Obligations or any guarantee or guaranty
thereof; or

(d)           any
other circumstances that otherwise might constitute a defense available to, or
a discharge of, any Loan Party in respect of the Second Priority Obligations,
or any of the First Priority Secured Parties or, to the extent applicable, any
Loan Party in respect of this Agreement.

Section 9.               Miscellaneous.

9.1           Conflicts.  In the event of any conflict between the
provisions of this Agreement and the provisions of any First Priority Document
or any Second Priority Document, the provisions of this Agreement shall govern.

9.2           Continuing Nature of Provisions.  This Agreement shall continue to be
effective, and shall not be revocable by any party hereto, until the First
Priority Obligations Payment Date shall have occurred or the Second Priority
Obligations Payment Date shall have occurred; provided, however,
that the effectiveness of this Agreement may be reinstated from time to time in
accordance with Section 5.5 hereof and with the effect set forth
in such Section 5.5.  This
is a continuing agreement and the First Priority Secured Parties and the Second
Priority Secured Parties may continue, at any time and without notice to the
other parties hereto, to extend credit and other financial accommodations, lend
monies and provide indebtedness to, or for the benefit of, the Borrower or any
other Loan Party on the basis hereof.

 24
 

 

9.3           Amendments; Waivers.  No amendment or modification of any of the
provisions of this Agreement shall be effective unless the same shall be in
writing and signed by the First Priority Representative, the Second Priority
Representative and each Loan Party.

9.4           Information concerning Financial
Condition of the Borrower and the Other Loan Parties.  Each of the Second Priority Representative
and the First Priority Representative hereby assume responsibility for keeping
itself informed of the financial condition of the Borrower and each of the
other Loan Parties and all other circumstances bearing upon the risk of
nonpayment of the First Priority Obligations or the Second Priority
Obligations.  The Second Priority Representative
and the First Priority Representative hereby agree that no party shall have any
duty to advise any other party of information known to it regarding such
condition or any such circumstances.  In
the event the Second Priority Representative or the First Priority
Representative, in its sole discretion, undertakes at any time or from time to
time to provide any information to any other party to this Agreement, it shall
be under no obligation (a) to provide any such information to such other party
or any other party on any subsequent occasion, (b) to undertake any
investigation not a part of its regular business routine, or (c) to disclose
any other information.

9.5           Governing Law.  This Agreement shall be governed by and
construed in accordance with the laws of the State of Texas, except as
otherwise required by mandatory provisions of law and except to the extent that
remedies provided by the laws of any jurisdiction other than the State of Texas
are governed by the laws of such jurisdiction.

9.6           Submission to Jurisdiction.

(a)           Each
party hereto hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of the courts of (i) the State of
Texas sitting in Dallas, Texas, or the U.S. for the Northern District (Dallas
Division) of the State of Texas or (b) the State of New York sitting in New
York, New York or the U.S. for the Southern District of the State of New York,
and (with respect to any of the foregoing) any appellate court from any
thereof, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the
parties hereto hereby irrevocably and unconditionally agrees that all claims in
respect of any such action or proceeding may be heard and determined in such
Texas or New York State court or, to the extent permitted by law, in such
Federal court.  Each of the parties
hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law. 
Nothing in this Agreement shall affect any right that the any First
Priority Secured Party may otherwise have to bring any action or proceeding
relating to this Agreement or any First Priority Documents against the Borrower
or any other Loan Party or its properties in the courts of any jurisdiction.

(b)           The
Borrower, each other Loan Party and the Second Priority Secured Parties hereby
irrevocably and unconditionally waive, to the fullest extent they may legally and
effectively do so (i) any objection they may now or hereafter have to the
laying of venue of any suit, action or proceeding arising out of or relating to
this 

 25
 

 

Agreement in any court referred to in Section 9.6(a) and (ii)
the defense of an inconvenient forum to the maintenance of such action or
proceeding.

(c)           Each
party to this Agreement irrevocably consents to service of process in the
manner provided for notices in Section 9.8.  Nothing in this Agreement will affect the
right of any party to this Agreement to serve process in any other manner
permitted by law.

9.7           Jury Waiver.  EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY
WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF
ACTION (A) ARISING UNDER THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT
OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR (B) IN ANY
WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT OR ANY OTHER INSTRUMENT,
DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR THE
TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE, AND
EACH PARTY HEREBY CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO
THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH
ANY COURT AS WRITTEN EVIDENCE OF THE CONSENTS OF THE PARTIES HERETO TO THE
WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

9.8           Notices.  Unless otherwise specifically provided
herein, any notice or other communication herein required or permitted to be
given shall be in writing and may be personally served, telecopied or sent by
overnight express courier service or United States mail and shall be deemed to
have been given when delivered in person or by courier service, upon receipt of
a telecopy or five days after deposit in the United States mail (certified,
with postage prepaid and properly addressed). 
For purposes hereof, the addresses of the parties hereto (until notice
of a change thereof is delivered as provided in this Section) shall be as set
forth below each party’s name on the signature pages hereof, or, as to each party,
at such other address as may be designated by such party in a written notice to
all of the other parties.

9.9           Successors and Assigns.  This Agreement shall be binding upon and
inure to the benefit of each of the parties hereto and each of the First Priority
Secured Parties and Second Priority Secured Parties and their respective
successors and assigns, and nothing herein is intended, or shall be construed
to give, any other Person any right, remedy or claim under, to or in respect of
this Agreement or any Common Collateral. 
Without limiting the generality of the foregoing, it is expressly agreed
by all parties hereto that this Agreement shall be binding upon and inure to
the benefit of each of the First Priority Secured Parties and the Second
Priority Secured Parties (including all “Lenders”, as defined in the First
Priority Agreement and the Second Priority Agreement, from time to time parties
to the First Priority Agreement or the Second Priority Agreement, respectively)
whether or not it is a signatory hereto. 
The First Priority Representative hereby represents and warrants to the
Borrower and the Second Priority Secured Parties that, in the First Priority
Agreement, the First Priority Representative is 

 26
 

 

authorized and directed to execute, deliver
and perform this Agreement for and on behalf of the First Priority Secured
Parties and that this Agreement constitutes valid and enforceable obligations
of the First Priority Secured Parties enforceable against them in accordance
with the terms hereof (except as such enforceability may be limited by any
applicable bankruptcy, insolvency, moratorium or similar laws affecting
creditor’s rights generally), with the same effect as if this Agreement were
executed by each First Priority Secured Party. 
The Second Priority Representative hereby represents and warrants to the
Borrower and the First Priority Secured Parties that, in the Second Priority
Agreement, the Second Priority Representative is authorized and directed to
execute, deliver and perform this Agreement for and on behalf of the Second
Priority Secured Parties and that this Agreement constitutes valid and
enforceable obligations of the Second Priority Secured Parties enforceable
against them in accordance with the terms hereof (except as such enforceability
may be limited by any applicable bankruptcy, insolvency, moratorium or similar
laws affecting creditor’s rights generally), with the same effect as if this
Agreement were executed by each Second Priority Secured Party.  All references to any Loan Party shall
include any Loan Party as debtor-in-possession and any receiver or trustee for
such Loan Party in any Insolvency Proceeding.

9.10         Headings.  Section headings used herein are for
convenience of reference only, are not part of this Agreement and shall not
affect the construction of, or be taken into consideration in interpreting,
this Agreement.

9.11         Severability.  Any provision of this Agreement held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provisions in any other
jurisdiction.

9.12         Counterparts; Integration;
Effectiveness.  This Agreement may be
executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which
when taken together shall constitute a single contract.  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.  This Agreement shall become effective when it
shall have executed by each party hereto.

 27

 

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

	
  

  	
  PNC BANK, NATIONAL ASSOCIATION, as 

  First Priority Representative for and on behalf of the 

  First Priority Secured Parties 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Wattinger

  
	
   

  	
  Name:

  	
  John Wattinger

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  Address for Notices:

  

  PNC Bank, National Association

  Two Tower Center Blvd., 8th Floor

  East Brunswick, N.J. 08816

  Attn:  Josephine Griffin

  Telephone:    (732) 220-4388

  Telecopier:    (732) 220-4548

  Email: 
  josephine.griffin@pncbusinesscredit.com

  
	
   

  	
   

  
	
   

  	
  and

  
	
   

  	
   

  
	
   

  	
  PNC Bank, National Association

  2121 Ross Avenue, Suite 1850

  Dallas, TX 75201

  Attn:  John
  Wattinger

  Telephone:    (214)
  871-1247

  Telecopier:    (214)
  871-2015

  Email:  john.wattinger@pncbusinesscredit.com

  
	
   

  	
   

  
	
   

  	
  and

  
	
   

  	
   

  
	
   

  	
  PNC Bank, National Association

  PNC Agency Services

  PNC Firstside Center

  500 First Avenue, 4th Floor

  Pittsburgh, Pennsylvania 15219

  Attn:   Lisa Pierce

  Telephone:    (412)
  762-6442

  Telecopier:    (412)
  762-8672

  
				

 

 

 

	
   

  	
  With a copy to:

  
	
   

  	
   

  
	
   

  	
  Jenkens & Gilchrist, PC

  1445 Ross Avenue, Suite 3700

  Dallas, Texas 75202

  Attn:  Ronald
  D. Rosener, Esq.

  Telephone:    (214)
  855-4332

  Telecopier:    (214)
  855-4300

  Email: 
  rrosener@jenkens.com

  

 

 

 

	
  

  	
  ORIX FINANCE CORP.,
  as Second Priority 

  Representative for and on behalf of the Second 

  Priority Secured Parties

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Christopher L.
  Smith

  
	
   

  	
  Name:

  	
  Christopher L. Smith

  
	
   

  	
  Title:

  	
  Authorized Representative

  
	
   

  	
   

  	
   

  
	
   

  	
  Address for Notices:

  
	
   

  	
   

  
	
   

  	
  ORIX USA Corporation

  1717 Main Street, Suite 900

  Dallas, Turns
  75201

  Attn:     Ann
  Erickson

  Operations Manager

  Corporate Finance Group

  Telephone:   (214)
  237-2366

  Te1ecopier:  (214) 237-2352

  Email: 
  aerickson@orix.com

  
	
   

  	
   

  
	
   

  	
  with a copy to:

  
	
   

  	
   

  
	
   

  	
  Patton Boggs LLP

  2001 Roes Avenue,
  Suite 3000

  Dallas, Texas 75201

  Attn:  Jay Baker, Esq.

  Telephone:   (214) 758-1512

  Telecopier:   (214) 758-1550

  Email:  jbaker@pattonboggs.com

  
				

 

 

 

	
  

  	
  INSIGHT EQUITY  A.P. X, LP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Insight Equity A.P. X Company, LLC

  
	
   

  	
  Title:

  	
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name:

  	
  Ted W. Beneski

  
	
   

  	
   

  	
  Title:

  	
  Chairman of the Board

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  INSIGHT EQUITY A.P. X ASIA, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ted W. Beneski

  
	
   

  	
  Name:

  	
  Ted W. Beneski

  
	
   

  	
  Title:

  	
  Chairman of the Board

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
  PT. VISION-EASE ASIA

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ted W. Beneski

  
	
   

  	
  Name:

  	
  Ted W. Beneski

  
	
   

  	
  Title:

  	
  President Commissioner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
  INSIGHT EQUITY A.P. X CANADA, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ted W. Beneski

  
	
   

  	
  Name:

  	
  Ted W. Beneski

  
	
   

  	
  Title:

  	
  Chairman of the Board

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
  INSIGHT EQUITY A.P. X CANADA 

  PARTNERS, LP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Insight Equity A.P. X Canada, LLC

  
	
   

  	
  Title:

  	
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name:

  	
  Ted W. Beneski

  
	
   

  	
   

  	
  Title:

  	
  Chairman of the Board

  
							

 

 

 

	
  

  	
  VISION-EASE CANADA CO.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ted W. Beneski

  
	
   

  	
  Name:

  	
  Ted W. Beneski

  
	
   

  	
  Title:

  	
  Chairman of the Board

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
  VISION EASE LENS EUROPE LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Rich Faber

  
	
   

  	
  Title:

  	
  Director

  
				

 

 

 

	
  

  	
  VISION EASE LENS EUROPE LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Rich Faber

  
	
   

  	
  Name:

  	
  Rich Faber

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
  VISION-EASE LENS LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Rich Faber

  
	
   

  	
  Name:

  	
  Rich Faber

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
  

  	
  INSIGHT EQUITY A.P. X COMPANY, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Ross Gatlin

  
	
   

  	
  Title:

  	
  Chief Restructuring
  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address for Notices for the Borrower and each other 

  Loan Party:

  
	
   

  	
   

  
	
   

  	
  Insight Equity
  A.P. X. LP

  1400 Civic
  Place, Suite 250

  Southlake, Texas
  76092

  Attn:  Theodore W. Beneski

  Telephone:    817-488-7744

  Telecopier:    817-488-7739

  Email: 
  tbeneski@insightequity.com

  
	
   

  	
   

  
	
   

  	
  With a copy to:

   

  Hunton &
  Williams LLP

  Energy Plaza,
  30th Floor

  1601 Bryan
  Street

  Dallas, Texas
  75201-3402

  Attn:  Robert J. Conner

  Telephone:    214-979-3085

  Telecopier:    214-880-0011

  Email:  rconner@hunton .com

  
				

 

 

 

	
  

  	
  VISION-EASE LENS LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Rich Faber

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
  INSIGHT EQUITY A.P. X COMPANY,
  LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ted W. Beneski

  
	
   

  	
  Name:

  	
  Ted W. Beneski

  
	
   

  	
  Title:

  	
  Chairman of the Board

  
	
   

  	
   

  	
   

  
	
   

  	
  Address for Notices for the Borrower and each other 

  Loan Party:

  
	
   

  	
   

  
	
   

  	
  Insight Equity
  A.P. X, LP

  1400 Civic
  Place, Suite 250

  Southlake, Texas
  76092

  Attn: 
  Theodore W. Beneski

  Telephone:    817-488-7744

  Telecopier:    817-488-7739

  Email:  tbeneski@insightequity.com

  
	
   

  	
   

  
	
   

  	
  With a copy to:

  
	
   

  	
   

  
	
   

  	
  Hunton & Williams LLP

  Energy Plaza, 30th Floor

  1601 Bryan Street

  Dallas, Texas 75201-3402

  Attn:  Robert
  J. Conner

  Telephone:    214-979-3085

  Telecopier:    214-880-0011

  Email: 
  rconner@hunton.comExhibit 10.10

LIEN
SUBORDINATION AGREEMENT

The undersigned, pursuant to that certain Loan and
Security Agreement, dated as of December 1, 2005, by and among the Obligor (as
defined below), certain of its subsidiaries and affiliates, certain financial
institutions party thereto from time to time (individually, a “Lender” and
collectively, the “Lenders”) and the undersigned, as a Lender and in its
capacity as agent for the Lenders (in such capacity, “Agent”), as the same may
be amended, supplemented, restated, modified or refinanced from time to time
(the “Credit Agreement”), has or may acquire a security interest or other lien
in the Property, as hereinafter defined, which is now, or hereafter may be,
owned or leased by Insight Equity A.P. X, LP (“Obligor”).  “Property” means the property identified on Schedule
“A” and the identifiable proceeds thereof.

The undersigned understands that ORIX Financial
Services, Inc. (“ORIX”) has or may acquire a security interest in the Property,
or is or will become the owner of the Property.

NOW, THEREFORE, in consideration of the foregoing, the
undersigned agrees as follows:

1.             The undersigned’s security interest or other lien, if
any, in the Property, whenever or however acquired (and without regard to the
order of attachment or perfection, whether by the filing of financing
statements or otherwise), shall be subordinate and inferior to any security
interest which ORIX may have or may hereafter acquire in the Property if and to
the extent that such security interest secures debt in the principal amount not
to exceed $616,560, together with interest accrued on such principal amount,
owed by Obligor to ORIX (the “Permitted ORIX Debt”).

2.             The undersigned waives notice of the retention of title
by ORIX or the attachment of any security interest in the Property in favor of
ORIX.  The undersigned will not enforce
its security interest or other lien in the Property, if any, until the earliest
to occur of (a) the date when all Permitted ORIX Debt owing by Obligor to ORIX
has been finally and irrevocably paid in full, (b) the undersigned has given
ORIX (at its address below) 90 days prior written notice of the undersigned’s
intention to enforce its security interest with respect to the Property, or (c)
ORIX or its successor or assign has instituted any similar enforcement action
against or with respect to the Property.

3.             This Lien Subordination Agreement shall be binding on
the successors and assigns of the undersigned, including any party to whom the
undersigned transfers its interest in the Property and shall inure to the
benefit of the successors and assigns of ORIX.

4.             The undersigned will take such action and will execute
and deliver such documents as may be reasonably requested by ORIX to further
evidence and carry out the terms of this Lien Subordination Agreement.

5.             No provision of this Lien Subordination Agreement may be
waived or modified except in a writing signed by the parties.

 

 

6.             This Lien Subordination Agreement shall be construed and
enforced in accordance with, and governed by, the laws of the State of Texas,
without regard to principles of conflicts of laws.

7.             Obligor and the Agent and the Lenders under the Credit
Agreement agree that, effective as of the date of the incurrence of the
Permitted ORIX Debt, the Permitted ORIX Debt shall be deemed to constitute “purchase
money Indebtedness” for all purposes of Section 7.8 of the Credit Agreement.

[SIGNATURE PAGE FOLLOWS]

 

 

	
  

  	
   

  	
  ORIX FINANCE CORP., as Lender and as Agent

  under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
  Date: March     , 2006

  
						

 

 

 

	
  

  	
   

  	
  ORIX FINANCIAL SERVICES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
  Date: March     , 2006

  
						

 

 

	
  

  	
   

  	
  Address for Notice Purposes:

  

 

 

	
  

  	
   

  	
  ORIX Financial Services, Inc.

  
	
   

  	
   

  	
  600 Town Park Lane

  
	
   

  	
   

  	
  Kennesaw, GA 30144-3729

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attn:

  	
   

  
	
   

  	
   

  	
  Telephone:

  	
   

  
	
   

  	
   

  	
  Telecopier:

  	
   

  
					

 

 

 

	
  

  	
   

  	
  INSIGHT EQUITY A.P. X, LP

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Insight Equity A.P. X Company, LLC

  
	
   

  	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
  Date: March     , 2006

  
							

 

 

 

The undersigned Lenders under the Credit Agreement
hereby agree with and consent to the terms and provisions of this Lien
Subordination Agreement.

 

	
  

  	
   

  	
  BILL & MELINDA GATES FOUNDATION,

  
	
   

  	
   

  	
  as a Leader under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
  Date: March     , 2006

  
						

 

 

 

	
  

  	
   

  	
  CASCADE INVESTMENTS, L.L.C.,

  
	
   

  	
   

  	
  as a Lender under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
  Date: March     , 2006

  
						

 

 

 

 

	
  

  	
   

  	
  ARROW INVESTMENT PARTNERS,

  
	
   

  	
   

  	
  as a Lender under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Grandview Capital Management, LLC, as

  
	
   

  	
   

  	
   

  	
  Authorized Agent and Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Kevin S. Buckle

  
	
   

  	
   

  	
  Title: Senior Vice President

  
	
   

  	
   

  	
  Date: March     , 2006

  

 

 

 

	
  

  	
   

  	
  NEWSTAR CP FUNDING LLC, as a Lender under

  
	
   

  	
   

  	
  the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  NewStar Financial, Inc., its designated

  
	
   

  	
   

  	
   

  	
  Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Walter J. Marullo

  
	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
  Date: March 7, 2006

  

 

 

 

LIEN SUBORDINATION
AGREEMENT

SCHEDULE “A” TO

LIEN SUBORDINATION AGREEMENT

	
  Obligor:

  	
   

  	
  Insight Equity A.P. X, LP

  

 

Property:

	
  Quantity

  	
   

  	
  Description

  	
   

  	
  Serial No.

  	
   

  
	
  Three (3) New

  	
   

  	
  Milacron Roboshots 330 SiB Injection Molding
  Machines

  	
   

  	
  s/n
  4190A01/05-11,

  s/n 4190A01/05-12

  s/n 4190A01/05-14

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Three (3) New

  	
   

  	
  M-16iLB Fanue Robot - Long Arms with Options and
  Pedestals

  	
   

  	
  F#73732,
  F#74282,

  and F#74278

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  One (1) New

  	
   

  	
  M-16iB Fanue Robot - Short Arm With Options and
  Pedestal

  	
   

  	
  F#73182

  	
   

  

 

All the foregoing equipment together with all
accessories, attachments and accessions related thereto (collectively “Property”).

	
  

  
	
  Initials

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]