Document:

Document

Exhibit 10.45
Execution Version
FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT
This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is dated as of September 3, 2021 and is entered into by and between POST HOLDINGS, INC., a Missouri corporation (the “Borrower”) and BARCLAYS BANK PLC, as administrative agent (in such capacity and together with its successors and assigns, the “Administrative Agent”).  
RECITALS
WHEREAS, the Borrower,  the Lenders party thereto, the Swing Line Lender, each L/C Issuer and the Administrative Agent have entered into that certain Second Amended and Restated Credit Agreement, dated as of March 18, 2020 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement” and the Existing Credit Agreement as amended pursuant to this Amendment, the “Credit Agreement”);
WHEREAS, Section 3.08(a) of the Existing Credit Agreement permits the Borrower and the Administrative Agent to amend the Existing Credit Agreement to replace the LIBO Rate with a Benchmark Replacement upon the occurrence of a Benchmark Transition Event, subject to the terms set forth in such Section 3.08(a);
WHEREAS, a Benchmark Transition Event with respect to the LIBO Rate applicable to loans denominated in Pounds Sterling has occurred; and
WHEREAS, pursuant to and in accordance with Section 3.08 of the Existing Credit Agreement, the Borrower and the Administrative Agent have agreed to amend the Existing Credit Agreement as set forth in Section 2 hereof; 
NOW, THEREFORE, in consideration of the premises and the mutual agreements set forth herein, the parties hereto hereby agree as follows:
SECTION I.    DEFINED TERMS.  
Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Credit Agreement.  
SECTION II.    AMENDMENTS TO EXISTING CREDIT AGREEMENT.
Pursuant to and in accordance with Section 3.08 of the Existing Credit Agreement, effective as of the Amendment Effective Date, the parties hereto agree that on October 1, 2021, automatically and without further action of any Person, the Existing Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the Credit Agreement attached as Exhibit A hereto.
SECTION III.    BORROWINGS IN POUNDS STERLING.
(1)The Borrower hereby agrees not to borrow any Revolving Credit Loans in Pounds Sterling until October 1, 2021.

(2)If the Borrower requests a Borrowing in Pounds Sterling prior to October 1, 2021, the Borrower will be deemed to have converted any such request into a request for a Borrowing of Base Rate Loans in U.S. Dollars (in an amount equal to the U.S. Dollar Equivalent of the amount requested to be borrowed in Pounds Sterling).
SECTION IV.    CONDITIONS TO EFFECTIVENESS.
This Amendment shall become effective as of the date hereof only upon the satisfaction of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as the “Amendment Effective Date”):
(1)The Administrative Agent shall have received a counterpart signature page of this Amendment, executed and delivered by the Administrative Agent and the Borrower; and 
(2)five (5) Business Days shall have elapsed since the date this Amendment was distributed to the Lenders and the Administrative Agent shall not have received during such period written notice from Lenders constituting Required Lenders objecting to this Amendment.
SECTION V.    MISCELLANEOUS.
A.Reference to and Effect on the Credit Agreement and the Other Loan Documents. 
(i)On and after the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the “Credit Agreement,” “thereunder,” “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement. 
(ii)Except as specifically amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.
B.Loan Document.  This Amendment shall constitute a Loan Document under the terms of the Credit Agreement.
C.No Novation. By its execution of this Amendment, each of the parties hereto acknowledges and agrees that the terms of this Amendment do not constitute a novation, but, rather, an amendment of the terms of a pre-existing Indebtedness and related agreement, as evidenced by the Existing Credit Agreement.
D.Headings.  Section and Subsection headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect.
E.Applicable Law.  THIS AMENDMENT AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT, TORT OR OTHERWISE) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE IN ANY WAY HERETO OR THE NEGOTIATION, EXECUTION OR PERFORMANCE HEREOF, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.  The provisions of Sections 10.14(b), (c) and (d), and 10.15 of the Credit Agreement are incorporated by reference herein and made a part hereof.

2

F.Counterparts.  This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single agreement.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic imaging means (e.g., in “pdf” or “tif” format) shall be effective as delivery of a manually executed counterpart of this Amendment. The words “execution,” “signed,” “signature,” and words of like import in this Amendment shall be deemed to include electronic signatures or electronic records, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.
G.Severability.  Any term or provision of this Amendment which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Amendment or affecting the validity or enforceability of any of the terms or provisions of this Amendment in any other jurisdiction.  If any provision of this Amendment is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable.
[Signature pages follow]

3

   IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above.
									
		POST HOLDINGS, INC., as Borrower

			
			
		By:	/s/ Matthew Mainer
			Name: Matthew Mainer
			Title: SVP & Treasurer

[Signature Page to First Amendment to Second A&R Credit Agreement]

									
		BARCLAYS BANK PLC, as Administrative Agent

			
			
		By:	/s/ Regina Tarone
			Name: Regina Tarone
			Title: Managing Director

[Signature Page to First Amendment to Second A&R Credit Agreement]

EXHIBIT A
Credit Agreement
[See attached]
6

Exhibit A to First Amendment To Second Amended and Restated Credit Agreement 

                                       EXECUTION VERSION

SECOND AMENDED AND RESTATED CREDIT AGREEMENT
DATED AS OF MARCH 18, 2020
AS AMENDED BY THE FIRST AMENDMENT TO SECOND AMENDED AND 
RESTATED CREDIT AGREEMENT,
DATED AS OF SEPTEMBER 3, 2021 
AMONG
POST HOLDINGS, INC.,
AS BORROWER,
VARIOUS LENDERS, 
AND
BARCLAYS BANK PLC, 
AS ADMINISTRATIVE AGENT
_______________________________________________________
BARCLAYS BANK PLC,
BOFA SECURITIES, INC.,
CITIGROUP GLOBAL MARKETS INC.,
CREDIT SUISSE LOAN FUNDING LLC,
JPMORGAN CHASE BANK, N.A. 
AND 
WELLS FARGO SECURITIES, LLC 
AS JOINT LEAD ARRANGERS AND JOINT BOOKRUNNERS,

BOFA SECURITIES, INC.,
CITIGROUP GLOBAL MARKETS INC.
AND
WELLS FARGO SECURITIES, LLC 
AS SYNDICATION AGENTS

AND

CREDIT SUISSE LOAN FUNDING LLC
AND
JPMORGAN CHASE BANK, N.A.
AS DOCUMENTATION AGENTS
________________________________________________________
SENIOR SECURED CREDIT FACILITIES
________________________________________________________

									
	TABLE OF CONTENTS
		Page
		
	Article 1. Definitions and Accounting Terms	2
		
	Section 1.01	Defined Terms	2
	Section 1.02	Other Interpretive Provisions	5960

	Section 1.03	Accounting Terms	5961

	Section 1.04	Rounding	6062

	Section 1.05	Times of Day	6062

	Section 1.06	Letter of Credit Amounts	6062

	Section 1.07	Currency Equivalents Generally; Change of Currency	6062

	Section 1.08	Timing of Payment and Performance	6162

	Section 1.09	Certain Calculations	6163

	Section 1.10	Rates	6465

	Section 1.11	Divisions	6465

			
	Article 2. The Commitments and Credit Extensions	6466

		
	Section 2.01	The Revolving Credit Borrowings	6466

	Section 2.02	Borrowings, Conversions and Continuations of Loans	6466

	Section 2.03	Letters of Credit.	6668

	Section 2.04	Swing Line Loans	7678

	Section 2.05	Prepayments	7981

	Section 2.06	Termination or Reduction of Commitments	8284

	Section 2.07	Repayment of Loans	8385

	Section 2.08	Interest	8385

	Section 2.09	Fees	8486

	Section 2.10	Computation of Interest and Fees; Retroactive Adjustments of 
Applicable Rate	8586

	Section 2.11	Evidence of Debt	8587

	Section 2.12	Payments Generally; Administrative Agent’s Clawback	8688

	Section 2.13	Sharing of Payments by Lenders	8890

	Section 2.14	Incremental Facilities	8991

	Section 2.15	Cash Collateral	9294

	Section 2.16	Defaulting Lenders	9395

	Section 2.17	Refinancing Facilities	9697

			
	Article 3. Taxes, Yield Protection and Illegality	9799

		
	Section 3.01	Taxes	9799

	Section 3.02	Illegality	102104

	Section 3.03	Inability to Determine Rates	103105

i

															
	Section 3.04	Increased Costs; Reserves on Eurodollar Rate Loans, RFR Loans 
and CDOR Rate Loans.
	103105
	
	Section 3.05	Compensation for Losses	105107
	
	Section 3.06	Mitigation Obligations; Replacement of Lenders	106108
	
	Section 3.07	Survival	107109
	
	Section 3.08	Effect of Benchmark Transition Event	107109
	
				
	Article 4. Conditions Precedent	108110

		
	Section 4.01	Conditions Precedent to the Closing Date	108110
	
	Section 4.02	Conditions to All Credit Extensions after the Closing Date	110112
	
				
	Article 5. Representations and Warranties	110112

		
	Section 5.01	Existence, Qualification and Power	111112
	
	Section 5.02	Authorization; No Contravention	111113
	
	Section 5.03	Governmental Authorization; Other Consents	111113
	
	Section 5.04	Binding Effect	111113
	
	Section 5.05	Financial Statements; No Material Adverse Effect	111113
	
	Section 5.06	Litigation	112114
	
	Section 5.07	Ownership of Property	112114
	
	Section 5.08	Environmental	112114
	
	Section 5.09	Insurance	113115
	
	Section 5.10	Taxes	114116
	
	Section 5.11	ERISA Compliance; Labor Matters	114116
	
	Section 5.12	Subsidiaries; Equity Interests	115117
	
	Section 5.13	Margin Regulations; Investment Company Act	115117
	
	Section 5.14	Disclosure	115117
	
	Section 5.15	Compliance with Laws	116118
	
	Section 5.16	Intellectual Property; Licenses, Etc.	116118
	
	Section 5.17	Solvency	116118
	
	Section 5.18	Collateral Documents	116118
	
	Section 5.19	Anti-Terrorism; Anti-Money Laundering; Etc.	116118
	
	Section 5.20	Foreign Corrupt Practices Act.	117119
	
	Section 5.21	Affected Financial Institution	117119
	
				
	Article 6. Affirmative Covenants	117119

		
	Section 6.01	Financial Statements	117119
	
	Section 6.02	Certificates; Other Information	118120
	
	Section 6.03	Notices	120122
	
	Section 6.04	Preservation of Existence, Etc.	120122
	
	Section 6.05	Maintenance of Properties	121123
	
	Section 6.06	Maintenance of Insurance	121123
	
	Section 6.07	Compliance with Laws	121123
	
	Section 6.08	Books and Records	121123
	

ii

															
	Section 6.09	Inspection Rights	121123
	
	Section 6.10	Use of Proceeds	122124
	
	Section 6.11	Covenant to Guarantee Obligations and Give Security	122124
	
	Section 6.12	Compliance with Environmental Laws	123125
	
	Section 6.13	Environmental Disclosure	123125
	
	Section 6.14	Lender Calls	124126
	
	Section 6.15	Further Assurances	125127
	
	Section 6.16	Ratings	125127
	
	Section 6.17	Designation of Restricted and Unrestricted Subsidiaries.	125127
	
				
	Article 7. Negative Covenants	127129

		
	Section 7.01	Liens	127129
	
	Section 7.02	Investments	131133
	
	Section 7.03	Indebtedness	135137
	
	Section 7.04	Fundamental Changes	140142
	
	Section 7.05	Dispositions	141143
	
	Section 7.06	Restricted Payments	144146
	
	Section 7.07	Change in Nature of Business	147149
	
	Section 7.08	Transactions with Affiliates	147149
	
	Section 7.09	Restrictive Agreements	148150
	
	Section 7.10	Use of Proceeds	150152
	
	Section 7.11	Secured Net Leverage Ratio	150152
	
	Section 7.12	Amendments of Organization Documents	150152
	
	Section 7.13	Fiscal Year	150152
	
	Section 7.14	Prepayments of Indebtedness	150152
	
	Section 7.15	Sale-Leaseback Transactions	151153
	
	Section 7.16	Amendments of Indebtedness	151153
	
	Section 7.17	Negative Pledge on Negative-Pledge Real Property	151153
	
				
	Article 8. Events of Default and Remedies	152154

		
	Section 8.01	Events of Default	152154
	
	Section 8.02	Remedies Upon Event of Default	154156
	
	Section 8.03	Application of Funds	155157
	
				
	Article 9. Agency		155157
	
				
	Section 9.01	Appointment and Authority	155157
	
	Section 9.02	Rights as a Lender	156158
	
	Section 9.03	Exculpatory Provisions	156158
	
	Section 9.04	Reliance	157159
	
	Section 9.05	Delegation of Duties	157159
	
	Section 9.06	Resignation of Administrative Agent	158159
	
	Section 9.07	Non-Reliance on Administrative Agent and Other Lenders	159161
	
	Section 9.08	No Other Duties, Etc.	159161
	

iii

									
	Section 9.09	Administrative Agent May File Proofs of Claim	159161

	Section 9.10	Collateral and Guaranty Matters	160162

	Section 9.11	Additional Secured Parties	162164

	Section 9.12	Certain ERISA Matters	162164

			
	Article 10. Miscellaneous	163165

		
	Section 10.01	Amendments, Etc.	163165

	Section 10.02	Notices; Effectiveness; Electronic Communication	166168

	Section 10.03	No Waiver; Cumulative Remedies; Enforcement	168170

	Section 10.04	Expenses; Indemnity; Damage Waiver	168170

	Section 10.05	Payments Set Aside	170172

	Section 10.06	Successors and Assigns	171173

	Section 10.07	Treatment of Certain Information; Confidentiality	179181

	Section 10.08	Right of Setoff	180182

	Section 10.09	Interest Rate Limitation	181183

	Section 10.10	Counterparts; Integration; Effectiveness	181183

	Section 10.11	Survival of Representations and Warranties	181183

	Section 10.12	Severability	182183

	Section 10.13	Replacement of Lenders	182184

	Section 10.14	Governing Law; Jurisdiction; Etc.	183185

	Section 10.15	Waiver of Jury Trial	184186

	Section 10.16	California Judicial Reference	184186

	Section 10.17	No Advisory or Fiduciary Responsibility	184186

	Section 10.18	Electronic Execution of Assignments and Certain Other Documents	185187

	Section 10.19	USA PATRIOT Act	185187

	Section 10.20	Judgment Currency	186188

	Section 10.21	Pari Passu Intercreditor Agreement	186188

	Section 10.22	Acknowledgement and Consent to Bail-In of Affected Financial Institutions.	186188

	Section 10.23	Acknowledgement Regarding Any Supported QFCs	187189

	Section 10.24	Restatement of the Original Credit Agreement	188190

iv

SCHEDULES
						
	1.01A	Existing Letters of Credit
	2.01	Commitments and Applicable Percentages
	4.01(a)(ii)	Closing Date Collateral Documents
	4.01(a)(iv)	Local Legal Counsel Opinions
	5.12	Subsidiaries; Other Equity Investments (including Parts (a), (b) and (c))
	7.01	Existing Liens
	7.02	Existing Investments
	7.03	Existing Indebtedness
	7.08	Transactions with Affiliates
	10.02	Administrative Agent’s Office; Certain Addresses for Notices

EXHIBITS
						
		Form of
		
	A-1	Committed Loan Notice
	A-2	Conversion/Continuation Notice
	A-3	Prepayment Notice
	A-4	Swing Line Loan Prepayment Notice
	B	Swing Line Loan Notice
	C-1	Revolving Credit Note
	C-2	Incremental Term Loan Note
	D	Compliance Certificate
	E-1	Assignment and Assumption
	E-2	Administrative Questionnaire
	F	Joinder Agreement
	G	Amended and Restated Guarantee and Collateral Agreement
	H-1 through H-4	U.S. Tax Compliance Certificates
	I	Form of Pari Passu Intercreditor Agreement
	J	Form of Junior Lien Intercreditor Agreement
	K	Solvency Certificate

v

SECOND AMENDED AND RESTATED CREDIT AGREEMENT
This SECOND AMENDED AND RESTATED CREDIT AGREEMENT (as amended by that certain First Amendment to Second Amended and Restated Credit Agreement, dated September 3, 2021, and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time after the date hereof, this “Agreement”) is entered into as of March 18, 2020, among POST HOLDINGS, INC., a Missouri corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), BARCLAYS BANK PLC, as Administrative Agent and the Swing Line Lender, and each L/C Issuer (as defined below).
WITNESSETH
Whereas, the Borrower entered into that certain Amended and Restated Credit Agreement, dated as of March 28, 2017 (as modified by Joinder Agreement No. 1, dated May 24, 2017 and Joinder Agreement No. 2, dated June 29, 2017, and as amended by the First Amendment to Amended and Restated Credit Agreement, dated April 28, 2017, the Second Amendment to Amended and Restated Credit Agreement, dated March 8, 2018 and the Third Amendment to Amended and Restated Credit Agreement, dated August 17, 2018, and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Original Credit Agreement”), among the Borrower, each lender from time to time party thereto and Barclays Bank PLC as administrative agent thereunder;
Whereas, pursuant to the Original Credit Agreement, the Revolving Credit Lenders (as defined in the Original Credit Agreement) extended credit to the Borrower in the form of and pursuant to Revolving Credit Commitments (as defined in the Original Credit Agreement) in an aggregate amount at any time outstanding not in excess of $800,000,000; 
Whereas, the Borrower has requested that the Revolving Credit Lenders, and the Revolving Credit Lenders have agreed to, amend and restate the Original Credit Agreement in its entirety to read as set forth in this Agreement to provide a revolving credit facility in an aggregate amount of $750,000,000 and make the other modifications evidenced hereby, and the Revolving Credit Lenders have indicated their willingness to lend and each L/C Issuer has indicated its willingness to issue letters of credit, in each case, on the terms and subject to the conditions set forth herein; and
Whereas, the Borrower and the Lenders party hereto have agreed to amend and restate the Original Credit Agreement in its entirety to read as set forth in this Agreement; and it has been agreed by such parties that the Loans and any other Obligations under (and each as defined therein) the Original Credit Agreement shall be governed by and deemed to be outstanding under this Agreement with the intent that this Agreement shall supersede the terms of the Original Credit Agreement which shall hereafter have no further effect upon the parties thereto (other than the indemnification, expense and other provisions of the Original Credit Agreement that expressly survive pursuant to the terms set forth therein) and which shall be amended and restated by this Agreement; and all references to the “Credit Agreement” in any Loan Document (as defined in the Original Credit Agreement) delivered in connection with the Original Credit Agreement shall be deemed to refer to this Agreement and the provisions hereof; provided that it is agreed and understood that this Agreement does not constitute a novation, satisfaction, payment or reborrowing of any Obligation under the Original Credit Agreement or any other such Loan Document except as expressly modified by this Agreement, nor does it operate as a waiver of any right, power or remedy of the Administrative Agent or any Lender under any Loan Document.

1

Now, therefore, in consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:
ARTICLE 1.
DEFINITIONS AND ACCOUNTING TERMS
Section 1.01Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below:
“2014 Credit Agreement” means the Credit Agreement, dated as of January 29, 2014, among the Borrower, each lender from time to time party thereto and Barclays Bank PLC (as successor administrative agent to Wells Fargo Bank, N.A.), as amended, restated, amended and restated, supplemented or otherwise modified prior to the date of the Original Credit Agreement.
“2026 Senior Notes” means the Borrower’s 5.00% Senior Notes due 2026 issued pursuant to that certain Indenture, dated as of August 3, 2016 between the Borrower and Wells Fargo Bank, National Association, as trustee. 
“2027 Senior Notes” means the Borrower’s 5.75% Senior Notes due 2027 issued pursuant to that certain Indenture, dated as of February 14, 2017, between the Borrower and Wells Fargo Bank, National Association, as trustee. 
“2028 Senior Notes” means the Borrower’s 5.625% Senior Notes due 2028 issued pursuant to that certain Indenture, dated as of December 1, 2017, between the Borrower and Wells Fargo Bank, National Association, as trustee.
“2029 Senior Notes” means the Borrower’s 5.50% Senior Notes due 2029 issued pursuant to that certain Indenture, dated as of July 3, 2019, between the Borrower and Wells Fargo Bank, National Association, as trustee.
“2030 Senior Notes” means the Borrower’s 4.625% Senior Notes due 2030 issued pursuant to that certain Indenture, dated as of February 26, 2020, between the Borrower and Wells Fargo Bank, National Association, as trustee.   
“Act” has the meaning specified in Section 10.19.
“Additional Refinancing Lender” has the meaning specified in Section 2.17.

2

“Administrative Agent” means Barclays Bank PLC, in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.
“Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders.
“Administrative Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit E-2 or any other form approved by the Administrative Agent.
“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. 
“Affected Foreign Subsidiary” means any Foreign Subsidiary to the extent such Foreign Subsidiary acting as a Guarantor, or having a Lien granted in its Equity Interests to secure the Obligations or granting a Lien on any of its assets to secure the Obligations would, in any case, cause a Deemed Dividend Problem. 
“Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.
“Agency Fee Letter” means the Agency Fee Letter, dated May 4, 2015, between the Borrower and the Administrative Agent.
“Agent” means the Administrative Agent, each Syndication Agent and each Documentation Agent.
“Agent Parties” has the meaning specified in Section 10.02(c).
“Aggregate Commitments” means the Commitments of all the Lenders.
“Agreement” has the meaning specified in the introductory paragraph hereto.
“Agreement Currency” has the meaning specified in Section 10.20.
“Alternative Currency” means Canadian Dollars, Euros and Pounds Sterling.
“Annual Financial Statements” means the most recently delivered audited financial statements required to be delivered pursuant to Section 6.01(a) of this Agreement (or, until such time as such financial statements are so required to be delivered, the audited financial statements for the period ended September 30, 2019, delivered pursuant to the Original Credit Agreement).
“Anti-Corruption Laws” means any laws, rules and regulations of any jurisdiction applicable to the Borrower or any of its Restricted Subsidiaries from time to time concerning or relating to bribery or corruption of public officials, including without limitation the U.S. Foreign Corrupt Practices Act of 1977, as amended.

3

“Anti-Terrorism Laws” has the meaning specified in Section 5.19.
“Applicable Percentage” means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate principal amount of all Commitments and, if applicable and without duplication, Loans of such Lender under the applicable Facility or Facilities at such time; provided that, with respect to any Revolving Credit Facility, if the commitment of each Revolving Credit Lender to make Revolving Credit Loans under such Revolving Credit Facility and the obligation of the L/C Issuers to make L/C Credit Extensions have been terminated pursuant to Section 8.02, or if the Revolving Credit Commitments in respect thereof have expired, then the Applicable Percentage of each Revolving Credit Lender in respect of such Revolving Credit Facility shall be determined based on the Applicable Percentage of such Revolving Credit Lender immediately prior to such termination and after giving effect to any subsequent assignments.  The initial Applicable Percentage of each Revolving Credit Lender in respect of the Revolving Credit Facility is set forth opposite the name of such Revolving Credit Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Revolving Credit Lender becomes a party hereto, as applicable. The Applicable Percentage of any Revolving Credit Lender is subject to adjustment as provided in Section 2.16.
“Applicable Rate” means in respect of Original Revolving Credit Loans, (i) from the Closing Date to the date following the Closing Date on which a Compliance Certificate is delivered pursuant to Section 6.02(a) in respect of the first full fiscal quarter ending after the Closing Date, 0.50% per annum for Base Rate Loans that are Revolving Credit Loans or Swing Line Loans and 1.50% per annum for Eurodollar Rate Loans, RFR Loans and CDOR Rate Loans that are Revolving Credit Loans and Letter of Credit Fees and (ii) thereafter, the applicable percentage per annum set forth below determined by reference to the Secured Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a):
												
	Pricing 
Level	Secured Net 
Leverage Ratio	Eurodollar Rate/CDOR Rate Loans/RFR Loans/Letters of Credit
	Base Rate
	1	> 3.00 to 1.00
	2.00%	1.00%
	2	< 3.00 to 1.00 and > 1.50 to 1.00
	1.75%	0.75%
	3	< 1.50 to 1.00	1.50%	0.50%

Any increase or decrease in the Applicable Rate resulting from a change in the Secured Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then Pricing Level 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered (and thereafter the Pricing Level otherwise determined in accordance with this definition shall apply).

4

Furthermore, and notwithstanding anything to the contrary contained in this definition, the Applicable Rate in respect of any Incremental Term Loans, any Refinancing Term Loans or any Other Revolving Commitments (and any Other Revolving Loans thereunder) shall be the applicable percentages per annum set forth in the relevant Joinder Agreement or Refinancing Amendment, as applicable.
Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b). 
For the avoidance of doubt, for periods prior to the Closing Date, the “Applicable Rate” shall be as defined in the Original Credit Agreement, and the foregoing rates shall be deemed effective on and after the Closing Date.
“Applicable Revolving Credit Percentage” means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentages in respect of the Revolving Credit Facilities at such time.
“Applicable Time” means, with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be reasonably determined by the Administrative Agent or the applicable L/C Issuer to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.
“Appropriate Lender” means, at any time, (a) with respect to Loans of any Class, the Lenders of such Class, (b) with respect to Letters of Credit, (i) the relevant L/C Issuer and (ii) the Revolving Credit Lenders and (c) with respect to the Swing Line Sublimit, (i) the Swing Line Lender and (ii) if any Swing Line Loans are outstanding pursuant to Section 2.04(a), the Revolving Credit Lenders.
“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.
“Arrangers” means Barclays Bank PLC, BofA Securities, Inc., Citigroup Global Markets Inc., Credit Suisse Loan Funding LLC, JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC in their capacities as joint lead arrangers and joint bookrunners.

5

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor.
“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit E-1 or any other form approved by the Administrative Agent.
“Attributable Indebtedness” means, on any date, in respect of any Capital Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP.
“Auction” has the meaning specified in Section 10.06(b)(vii)(A).
“Availability Period” means, in respect of any Revolving Credit Facility, the period from and including the Closing Date (or the date of the effectiveness of the applicable Revolving Credit Commitments in the case of any Revolving Credit Commitments other than the Original Revolving Credit Commitments) to the earliest of (i) the Maturity Date in respect of such Revolving Credit Facility, (ii) the date of termination of the Revolving Credit Commitments in respect of such Revolving Credit Facility pursuant to Section 2.06 and (iii) the date of termination of the commitment of each Revolving Credit Lender in respect of such Revolving Credit Facility to make Revolving Credit Loans under such Revolving Credit Facility and of the obligation of the L/C Issuers to make L/C Credit Extensions in respect of such Revolving Credit Facility pursuant to Section 8.02.
“Available Amount” means, at any time, an amount equal to, without duplication:
(a)the sum of:
(1)the sum of (A) $2,283,000,000 and  (B) the greater of (x) $200,000,000 and (y) 20% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements; plus
(2)an amount, not less than zero, determined on a cumulative basis equal to the Borrower Retained ECF Amount; plus
(3)the amount of any capital contributions or other proceeds of issuances of Equity Interests (other than Disqualified Equity Interests) received as cash and Cash Equivalents by the Borrower, plus the fair market value, as determined in good faith by the Borrower, of marketable securities or other property received by the Borrower as a capital contribution or in return for issuances of Equity Interests (other than Disqualified Equity Interests), in each case, during the period from and including the day immediately following the Closing Date through and including such time; plus

6

(4)the aggregate principal amount of any Indebtedness or Disqualified Equity Interests, in each case, of the Borrower and/or any Restricted Subsidiary issued after the Closing Date (other than Indebtedness or Disqualified Equity Interests issued to the Borrower or a Restricted Subsidiary) which has been converted into or exchanged for Equity Interests (other than Disqualified Equity Interests) of the Borrower, together with the fair market value of any Cash Equivalents and the fair market value (as reasonably determined by the Borrower) of any other property or assets received by the Borrower or such Restricted Subsidiary upon such exchange or conversion, in each case, during the period from and including the day immediately following the Closing Date through and including such time; plus
(5)the net proceeds received by the Borrower or any Restricted Subsidiary during the period from and including the day immediately following the Closing Date through and including such time in connection with the Disposition to a Person (other than the Borrower or any Restricted Subsidiary) of any Investment made pursuant to Section 7.02(o)(2); provided that such amount does not exceed the amount of such Investment made pursuant to Section 7.02(o)(2); plus
(6)to the extent not already reflected as a return of capital with respect to such Investment for purposes of determining the amount of such Investment, the cash proceeds received by the Borrower and/or any Restricted Subsidiary during the period from and including the day immediately following the Closing Date through and including such time in respect of any Investment made pursuant to Section 7.02(o)(2) (in an amount not to exceed the original amount of such Investment made pursuant to Section 7.02(o)(2)); plus
(7)an amount equal to the sum of (A) the amount of any Investments by the Borrower and/or any Restricted Subsidiary pursuant to Section 7.02(o)(2) in any Unrestricted Subsidiary (in an amount not to exceed the original amount of such Investment made pursuant to Section 7.02(o)(2)) that has been re-designated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or is liquidated, wound up or dissolved into, the Borrower or any Restricted Subsidiary and (B) the fair market value (as reasonably determined by the Borrower) of the property or assets of any Unrestricted Subsidiary that have been transferred, conveyed or otherwise distributed (in an amount not to exceed the original amount of the Investment in such Unrestricted Subsidiary made pursuant to Section 7.02(o)(2)) to the Borrower and/or any Restricted Subsidiary, in each case, during the period from and including the day immediately following the Closing Date through and including such time; plus

7

(8)the amount of Declined Proceeds; minus
(b)an amount equal to the sum of (1) Investments made pursuant to Section 7.02(o)(2), (2) Restricted Payments made pursuant to Section 7.06(e)(2) and (3) payments, redemptions, purchases, defeasements or other satisfactions of Restricted Indebtedness made pursuant to Section 7.14(d), in each case, made after the Closing Date and prior to such time, or contemporaneously therewith.
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.
“Bail-in Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).
“Base Rate” means, with respect to Loans denominated in U.S. Dollars, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1.00% and (c) the Eurodollar Rate that would be payable on such day for a Eurodollar Rate Loan with a one-month Interest Period plus 1.00%.
“Base Rate Loan” means a Revolving Credit Loan or a Term Loan that bears interest based on the Base Rate. 
“Benchmark Replacement” means the sum of: (a) the alternate benchmark rate (which may be a SOFR-Based Rate) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to the LIBO Rate for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement; provided, further, that any such Benchmark Replacement shall be administratively feasible as determined by the Administrative Agent in its reasonable discretion.

8

“Benchmark Replacement Adjustment” means, with respect to any replacement of the LIBO Rate with an Unadjusted Benchmark Replacement for each applicable Interest Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the LIBO Rate with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the LIBO Rate with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities at such time.
“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement or any Daily Simple SONIA, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “RFR Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest and other administrative matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement or the Daily Simple SONIA and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of the Benchmark Replacement or the Daily Simple SONIA exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).
“Benchmark Replacement Date” means the earlier to occur of the following events with respect to the LIBO Rate:
(i)in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the LIBO Rate permanently or indefinitely ceases to provide the LIBO Rate; or
(ii)in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication of information referenced therein.
“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the LIBO Rate:
(1)a public statement or publication of information by or on behalf of the administrator of the LIBO Rate announcing that such administrator has ceased or will cease to provide the LIBO Rate, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBO Rate;

9

(2)a public statement or publication of information by the regulatory supervisor for the administrator of the LIBO Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for the LIBO Rate, a resolution authority with jurisdiction over the administrator for the LIBO Rate  or a court or an entity with similar insolvency or resolution authority over the administrator for the LIBO Rate, which states that the administrator of the LIBO Rate has ceased or will cease to provide the LIBO Rate permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBO Rate; or
(3)a public statement or publication of information by the regulatory supervisor for the administrator of the LIBO Rate announcing that the LIBO Rate is no longer representative.
“Benchmark Transition Start Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, by notice to the Borrower, the Administrative Agent (in the case of such notice by the Required Lenders) and the Lenders.
“Benchmark Unavailability Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the LIBO Rate and solely to the extent that the LIBO Rate has not been replaced with a Benchmark Replacement, the period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the LIBO Rate for all purposes hereunder in accordance with Section 3.08 and (y) ending at the time that a Benchmark Replacement has replaced the LIBO Rate for all purposes hereunder pursuant to Section 3.08.
“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as such term is used in Section 13(d)(3) of the Exchange Act), such “person” shall be deemed to have beneficial ownership of all securities that such “person” has the right to acquire, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition.

10

“Beneficial Ownership Certification” means a certification regarding beneficial ownership required by the Beneficial Ownership Regulation.
“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.
“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.
“Borrower” has the meaning specified in the introductory paragraph hereto.
“Borrower Materials” has the meaning specified in Section 6.02.
“Borrower Retained ECF Amount” means, as at any date of determination, an amount equal to the Borrower Retained ECF Percentage of the Consolidated Excess Cash Flow of the Borrower for each Fiscal Year beginning with the Fiscal Year commencing October 1, 2020 through and including the last day of the most recently completed Fiscal Year with respect to which the Administrative Agent has received the Compliance Certificate required to be delivered pursuant to Section 6.02(a).
“Borrower Retained ECF Percentage” means, for any given Fiscal Year, 50%; provided that if, as of the last day of such Fiscal Year, the Secured Net Leverage Ratio is (x) less than or equal to 3.00:1.00 but greater than 2.25:1.00, the Borrower Retained ECF Percentage shall be 75% or (y) less than or equal to 2.25:1.00, the Borrower Retained ECF Percentage shall be 100%.
“Borrowing” means a Revolving Credit Borrowing of a particular Class, a Refinancing Term Loan Borrowing, a Swing Line Borrowing or an Incremental Borrowing, as the context may require.
“Business Day” means (a) any day excluding Saturday, Sunday and any day which is a legal holiday under the laws of the State of New York or is a day on which banking institutions located in such state are authorized or required by law or other governmental action to close, (b) with respect to all notices, determinations, fundings and payments in connection with the Eurodollar Rate or any Eurodollar Rate Loans, any day which is a Business Day described in clause (a) and which is also a day for trading by and between banks in U.S. Dollar deposits in the London interbank market and, (c) with respect to all notices, determinations, fundings and payments in connection with, and payments of principal and interest on, CDOR Rate Loans, any day which is a Business Day described in clause (a) and which is also a day which is not a legal holiday or a day on which banking institutions are authorized or required by law or other government action to close in Toronto, Ontario and (d) when used in connection with an RFR Loan, the term “Business Day” shall exclude any day that is not an RFR Business Day.

11

“Canadian Dollars” or “C$” means the lawful currency of Canada.
“Capital Expenditures” means, with respect to any Person for any period, any expenditure in respect of the purchase or other acquisition or maintenance of any fixed or capital asset, in each case, that are capitalized in accordance with GAAP.
“Capital Lease” means, with respect to any Person, any lease that is required by GAAP to be capitalized on a balance sheet of such Person.
“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the Administrative Agent, any L/C Issuer or the Swing Line Lender (as applicable) and the Revolving Lenders, as collateral for L/C Obligations, Obligations in respect of Swing Line Loans or obligations of Revolving Lenders to fund participations in respect of either thereof (as the context may require), cash or deposit account balances or, if the applicable L/C Issuer or the Swing Line Lender benefiting from such collateral shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to (a) the Administrative Agent and (b) the applicable L/C Issuer or the Swing Line Lender (as applicable). “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.
“Cash Equivalents” means any of the following types of Investments, to the extent owned by the Borrower or any of its Restricted Subsidiaries free and clear of all Liens (other than Liens created under the Collateral Documents and other Liens permitted hereunder):
(a)readily marketable obligations issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof having maturities of not more than 360 days from the date of acquisition thereof; provided that the full faith and credit of the United States of America is pledged in support thereof; 
(b)time deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that (i) (A) is a Lender or (B) is organized under the laws of the United States of America or Canada, any state or province thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under the laws of the United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in clause (c) of this definition and (iii) has combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more than 365 days from the date of acquisition thereof; 
(c)commercial paper issued by any Person organized under the laws of any state of the United States of America and maturing no more than 365 days from the time of the acquisition thereof, and having, at the time of acquisition thereof, a rating of A-1 (or the then equivalent grade) or better from S&P or P-1 (or the then equivalent grade) or better from Moody’s; 

12

(d)Investments, classified in accordance with GAAP as current assets of the Borrower or any of its Subsidiaries, in money market investment programs registered under the Investment Company Act of 1940, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, and the portfolios of which are limited solely to Investments of the character, quality and maturity described in clauses (a), (b) and (c) of this definition; and 
(e)solely with respect to Foreign Subsidiaries, investments of the types and maturities described in clauses (a) through (d) above issued, where relevant, by any commercial bank of recognized international standing chartered in the country where such Foreign Subsidiary is domiciled having unimpaired capital and surplus of at least $500,000,000.
“Cash Management Agreement” means any agreement to provide cash management services, including treasury, depository, overdraft, card services (including services related to credit cards, including purchasing and commercial cards, prepaid cards, including payroll, stored value and gift cards, merchant services processing and debit cards), electronic funds transfer and other cash management arrangements.
“Cash Management Bank” means any Person that, (a) at the time it enters into a Cash Management Agreement with any Loan Party, is a Lender, the Administrative Agent or an Arranger or an Affiliate of a Lender, the Administrative Agent or an Arranger, in its capacity as a party to such Cash Management Agreement, and (b) in the case of any Cash Management Agreement entered into prior to, and existing on, the Closing Date, any Person that is, on the Closing Date, a Lender, the Administrative Agent or an Arranger or Affiliate of a Lender, the Administrative Agent or an Arranger, in its capacity as a party to such Cash Management Agreement. 
“CDOR Rate” means, with respect to each Interest Period for a CDOR Rate Loan, the rate per annum equal to the average rate applicable to Canadian Dollar bankers’ acceptances having an identical or comparable term as the proposed CDOR Rate Loan displayed and identified as such on the display referred to as the “CDOR Page” (or any display substituted therefor) of Reuters Monitor Money Rates Service as at approximately 10:00 a.m. (Toronto, Canada time) two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent) with a term equivalent to such Interest Period or if such Interest Period is not equal to a number of months, with a term equivalent to the number of months closest to such Interest Period; provided that if such rate is not available at such time for any reason, the Administrative Agent may substitute such rate with a reasonably acceptable alternative published interest rate that adequately reflects the all-in-cost of funds to the Administrative Agent and the Lenders for funding such CDOR Rate Loan.  Notwithstanding the foregoing, at no time will the CDOR Rate be deemed to be less than zero percent per annum.
“CDOR Rate Loan” means a Revolving Credit Loan or Incremental Revolving Loans (or any one or more portions thereof) that bears interest based on the CDOR Rate.

13

“Central Bank Rate” means (A) the greater of (i) for any Loan denominated in Pounds Sterling, the Bank of England (or any successor thereto)’s “Bank Rate” as published by the Bank of England (or any successor thereto) from time to time, and (ii) zero; plus (B) the applicable Central Bank Rate Adjustment.
“Central Bank Rate Adjustment” means, for any day, for any Loan denominated in Pounds Sterling, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of SONIA for the five most recent RFR Business Days preceding such day for which SONIA was available (excluding, from such averaging, the highest and the lowest SONIA applicable during such period of five RFR Business Days) minus (ii) the Central Bank Rate in respect of Pounds Sterling in effect on the last RFR Business Day in such period; provided that if such rate shall be less than 0.00%, such rate shall be deemed to be 0.00%.
“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, and any rules or regulations promulgated thereunder.
“CFC” means a Subsidiary of the Borrower that is a “controlled foreign corporation” within the meaning of Section 957 of the Code.
“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law,” regardless of the date enacted, adopted or issued. 
“Change of Control” means the occurrence of any of the following:
(a)the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Borrower and its Subsidiaries taken as a whole to any “person” (as such term is used in Section 13(d)(3) of the Exchange Act), other than a Permitted Holder;
(b)the adoption of a plan relating to the liquidation or dissolution of the Borrower;
(c)the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as defined above) other than a Permitted Holder becomes the Beneficial Owner, directly or indirectly, of 50% or more of the Voting Stock of the Borrower, measured by voting power rather than number of shares; or

14

(d)a “Change of Control”, “Change in Control” or other substantively similar term under any of the Senior Notes or any other Indebtedness of the Borrower or any of its Restricted Subsidiaries with an aggregate principal amount in excess of the Threshold Amount (to the extent that the occurrence of such event permits the holders of Indebtedness thereunder to accelerate the maturity thereof or to resell such other Indebtedness to the Borrower, or requires the Borrower to repay, or offer to repurchase, such Indebtedness prior to the stated maturity thereof).
“Class” (a) when used with respect to any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular class of Loans or Commitments, (b) when used with respect to Commitments, refers to whether such Commitments are Revolving Credit Commitments, Incremental Revolving Credit Commitments, Other Revolving Commitments of a given Refinancing Series, Incremental Term Loan Commitments or Refinancing Term Commitments of a given Refinancing Series and (c) when used with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such Borrowing, are Original Revolving Credit Loans, Incremental Revolving Loans, Other Revolving Loans of a given Refinancing Series, Incremental Term Loans or Refinancing Term Loans of a given Refinancing Series.  Loans that are not fungible for United States federal income tax purposes shall be construed to be in different Classes or tranches.  Commitments that, if and when drawn in the form of Loans, would yield Loans that are construed to be in different Classes or tranches pursuant to the immediately preceding sentence shall be construed to be in different Classes or tranches of Commitments corresponding to such Loans.  There shall be no more than an aggregate of two Classes of revolving credit facilities and two Classes of term loan facilities under this Agreement.
“Closing Date” means the first date all the conditions precedent referred to in Section 4.01 are satisfied or waived in accordance with Section 10.01, which date is March 18, 2020.
“Code” means the Internal Revenue Code of 1986, as amended (unless otherwise provided herein).
“Collateral” means all of the “Collateral” referred to in the Collateral Documents and all of the other property provided as collateral security under the terms of the Collateral Documents.
“Collateral Agreement” means the amended and restated guarantee and collateral agreement of even date herewith executed and delivered by the Loan Parties and substantially in the form of Exhibit G.
“Collateral Documents” means, collectively, the Collateral Agreement, collateral assignments, supplements to all of the foregoing, security agreements, pledge agreements, control agreements or other similar agreements delivered to the Administrative Agent pursuant to Section 4.01(a)(ii) or 6.11, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties.

15

“Commitment” means a Revolving Credit Commitment, an Incremental Revolving Credit Commitment, an Incremental Term Loan Commitment, a Refinancing Term Commitment or an Other Revolving Commitment, as the context may require.
“Commitment Fee Rate” means (a) from the Closing Date to the date following the Closing Date on which a Compliance Certificate is delivered pursuant to Section 6.02(a) in respect of the first full fiscal quarter following the Closing Date, 0.250% and (b) thereafter, the applicable percentage per annum set forth below determined by reference to the Secured Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a):
									
	Pricing 
Level	Secured Net
Leverage Ratio	Commitment Fee Rate
	1	> 3.00 to 1.00	0.375%
	2	< 3.00 to 1.00
	0.250%

Any increase or decrease in the Commitment Fee Rate resulting from a change in the Secured Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then Pricing Level 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered (and thereafter the Pricing Level otherwise determined in accordance with this definition shall apply).
Notwithstanding anything to the contrary contained in this definition, the determination of the Commitment Fee Rate for any period shall be subject to the provisions of Section 2.10(b).
    For the avoidance of doubt, for time periods prior to the Closing Date, the “Commitment Fee Rate” shall be as defined in the Original Credit Agreement, and the foregoing rates shall be deemed effective on and after the Closing Date.
“Committed Loan Notice” means a notice of (a) a Revolving Credit Borrowing or (b) an Incremental Borrowing, which shall be substantially in the form of Exhibit A-1.
“Common Stock” means with respect to any Person, any and all shares, interests or other participations in, and other equivalents (however designated and whether voting or nonvoting) of such Person’s common stock whether or not outstanding on the Closing Date, and includes, without limitation, all series and classes of such common stock.
“Compliance Certificate” means a certificate substantially in the form of Exhibit D.

16

“Compounded SOFR” means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate (which may include compounding in arrears with a lookback and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each Interest Period) being established by the Administrative Agent in accordance with: (a) the rate, or methodology for this rate, and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded SOFR; or (b) if, and to the extent that, the Administrative Agent determines that Compounded SOFR cannot be determined in accordance with clause (a) above, then the rate, or methodology for this rate, and conventions for this rate that the Administrative Agent determines in its reasonable discretion are substantially consistent with any evolving or then-prevailing market convention for determining compounded SOFR for U.S. dollar-denominated syndicated credit facilities at such time; provided that if the Administrative Agent decides that any such rate, methodology or convention determined in accordance with clause (a) or clause (b) above is not administratively feasible for the Administrative Agent as determined by the Administrative Agent in its reasonable discretion, then Compounded SOFR will be deemed unable to be determined for purposes of the definition of “Benchmark Replacement”.
“Consolidated Current Assets” means, as at any date of determination, the total assets of a Person and its Restricted Subsidiaries on a consolidated basis that may properly be classified as current assets in conformity with GAAP, excluding cash and Cash Equivalents.
“Consolidated Current Liabilities” means, as at any date of determination, the total liabilities of a Person and its Restricted Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt.
“Consolidated EBITDA” means, at any date of determination, an amount equal to Consolidated Net Income of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period, plus (i) the following, without duplication, to the extent (other than in the case of clauses (n) and (p)) deducted in calculating such Consolidated Net Income: 
(a)Consolidated Interest Charges, plus
(b)the provision for federal, state, local and foreign income and franchise taxes payable (calculated net of federal, state, local and foreign income tax credits) and other taxes, interest and penalties included under GAAP in income tax expense (provided that such amounts in respect of any Restricted Subsidiary shall be included in this clause (b) only to the extent that a corresponding amount would be permitted at the date of determination to be dividended or distributed to the Borrower by such Restricted Subsidiary without prior approval (that has not been obtained), pursuant to the terms of its Organization Documents and all agreements, instruments, judgments, decrees, orders, statutes, rules and governmental regulations applicable to such Restricted Subsidiary or its shareholders, partners or members), plus

17

(c)depreciation and amortization expenses (including amortization of goodwill and other intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period), plus
(d)other non-recurring expenses, write-offs, write-downs or impairment charges which do not represent a cash item in such period (or in any future period) (excluding any such non-cash expense to the extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash expense that was paid in a prior period and any non-cash charge, expense or loss relating to write-offs, write-downs or reserves with respect to accounts receivable or inventory), plus
(e)non-cash charges or expenses related to stock-based compensation and other non-cash charges or non-cash losses (including extraordinary, unusual or non-recurring non-cash losses) incurred or recognized, plus
(f)cash or non-cash charges constituting fees and expenses incurred in connection with the Transactions, plus
(g)unrealized and realized net losses in the fair market value of any arrangements under Swap Contracts and losses, charges and expenses attributable to the early extinguishment or conversion of Indebtedness, arrangements under Swap Contracts or other derivative instruments (including deferred financing expenses written off and premiums paid), plus
(h)any expenses or charges related to any issuance of Equity Interests or debt securities, Investments (whether or not consummated), acquisitions (whether or not consummated), Dispositions (whether or not consummated), recapitalization or the incurrence, modification or repayment of Indebtedness permitted to be incurred by this Agreement (including a refinancing thereof) (whether or not successful), including any amendment or other modification of the Obligations or other Indebtedness, plus
(i)one-time deal advisory, financing, legal, accounting, and consulting cash expenses incurred by the Borrower and its Restricted Subsidiaries in connection with any Permitted Acquisitions or other Investment in the nature of an acquisition not constituting the consideration for any such Permitted Acquisition or other Investment in the nature of an acquisition, plus
(j)non-cash losses and expenses resulting from fair value accounting (as permitted by Accounting Standard Codification Topic No. 825-10-25 – Fair Value Option or any similar accounting standard), plus
(k)non-cash losses on sales of Receivables that are Disposed of in connection with a Qualified Receivables Transaction permitted hereunder, plus

18

(l)extraordinary, unusual or non-recurring cash charges and losses incurred or recognized, plus
(m)any increase in cost of goods sold resulting from the write up of inventory attributable to purchase accounting treatment with respect to any acquisition, plus
(n)the amount of any expected cost savings, operating improvements and expense reductions, product margin synergies and other synergies (net of the amount of actual amounts realized) reasonably identifiable and factually supportable (in the good faith determination of the Borrower) related to (A) the Transactions and (B) after the Closing Date, permitted asset sales, mergers or other business combinations, acquisitions, Investments, Dispositions or divestitures, integration costs, inventory optimizations, optimizations, facility consolidations and/or closings, operating improvements and expense reductions, restructurings, cost saving initiatives and other similar initiatives (in each case calculated on a pro forma basis as though such cost savings, operating improvements and expense reductions, product margin synergies and other synergies had been realized on the first day of such period and as if such cost savings, operating improvements and expense reductions, product margin synergies and other synergies were realized during the entirety of such period); provided that, such cost savings, operating improvements and expense reductions, product margin synergies and other synergies are reasonably expected to be realized within eighteen (18) months of the event giving rise thereto or the consummation of such transaction; provided, further, that with respect to clause (B) above, the aggregate amount of cost savings, operating improvements and expense reductions, product margin synergies and other synergies added-back pursuant to this clause (n) in any four consecutive fiscal quarter period, taken together with the aggregate amount of cost savings, operating expense reductions, other operating improvements and acquisition synergies added-back in connection with Permitted Acquisitions or other permitted Investments pursuant to clause (C) below, shall not exceed 25.00% of Consolidated EBITDA for such period prior to giving effect to this clause (n), plus
(o)costs, charges, accruals, reserves or expenses attributable to the undertaking and/or implementation of cost savings initiatives or operating expense reductions, product margin synergies and other synergies and similar initiatives, integration, transition, reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for alternative uses, facilities opening and pre-opening, business optimization and other restructuring costs, charges, accruals, reserves and expenses including inventory optimization programs, software development costs and costs related to the closure or consolidation of facilities, branches or distribution centers, and plants, the closure, consolidation or transfer of production lines between facilities and curtailments, costs related to entry into new markets, consulting and other professional fees, signing costs and bonuses, retention or completion bonuses, executive recruiting costs, relocation expenses, severance payments, modifications to, or losses on settlement of, pension and post-retirement employee benefit plans, new systems design and implementation costs, and project startup costs, plus

19

(p)to the extent not otherwise included above, proceeds of business interruption insurance in an amount representing the earnings for the applicable period that such proceeds are intended to replace (whether or not received so long as such Person in good faith expects to receive the same within the next four fiscal quarters (it being understood that to the extent not actually received within such fiscal quarters, such proceeds shall be deducted in calculating Consolidated EBITDA for such fiscal quarters)), plus
(q)the amount of any earn-out and contingent consideration obligations incurred or accrued in connection with any Permitted Acquisition or other Investment in the nature of an acquisition and paid or accrued during such applicable period; 
and (ii) minus, without duplication, 
(x) unrealized and realized net gains included in Consolidated EBITDA for such Measurement Period in respect of hedging transactions and mark-to-market of Indebtedness denominated in foreign currencies resulting from the application of FASB ASC 830 or any similar accounting standard, 
(y) non-cash gains included in Consolidated Net Income for such Measurement Period (excluding any such non-cash gain to the extent it represents the reversal of an accrual or a reserve for a potential cash gain in any prior period), and
(z)    the amount added back in Consolidated EBITDA pursuant to clause (p) above, to the extent such business interruption proceeds were not received within the time period anticipated or required by such clause.
If there has occurred a Permitted Acquisition or other Investment in the nature of an acquisition permitted by this Agreement during the applicable Measurement Period, or for purposes of calculating the pro forma Total Net Leverage Ratio or Secured Net Leverage Ratio after the applicable Measurement Period but on or prior to the Ratio Calculation Date in accordance with Section 1.09(b), Consolidated EBITDA shall be calculated on a Pro Forma Basis. 
Calculating Consolidated EBITDA on a “Pro Forma Basis” shall mean giving effect to any such Permitted Acquisition or other Investment in the nature of an acquisition, and any Indebtedness incurred or assumed in connection therewith, as follows: 
(A)any Indebtedness incurred or assumed in connection with such Permitted Acquisition or other permitted Investment in the nature of an acquisition was incurred or assumed on the first day of the applicable Measurement Period and remained outstanding, 
(B)the rate on such Indebtedness shall be calculated as if the rate in effect on the date of such Permitted Acquisition or other permitted Investment in the nature of an acquisition had been the applicable rate for the entire period (taking into account any interest rate Swap Contracts applicable to such Indebtedness), and 

20

(C)all income, depreciation, amortization, taxes, and expense associated with the assets or entity acquired in connection with such Permitted Acquisition or other permitted Investment in the nature of an acquisition for the applicable period shall be calculated on a pro forma basis after giving effect to cost savings, operating expense reductions, other operating improvements and acquisition synergies that are reasonably identifiable and projected by the Borrower in good faith to be realized within eighteen (18) months after such Permitted Acquisition or other such permitted Investment in the nature of an acquisition (calculated on a pro forma basis as though such items had been realized on the first day of such period) as a result of actions taken by the Borrower or any Restricted Subsidiary in connection with such Permitted Acquisition or other permitted Investment and net of (x) the amount of actual benefits realized during such period from such actions that are otherwise included in the calculation of Consolidated EBITDA in each case from and after the first day of such Measurement Period and (y) the amount of all income, depreciation, amortization, taxes and expenses associated with any assets or entity acquired in connection with such Permitted Acquisition or other such permitted Investment that the Borrower reasonably anticipates will be divested pursuant to Section 7.05(k) or otherwise; 
provided that: 
(i) the aggregate amount of cost savings, operating expense reductions, other operating improvements and acquisition synergies added-back in connection with Permitted Acquisitions or other permitted Investments pursuant to this clause (C) in any four consecutive fiscal quarter period, taken together with the aggregate amount of cost savings, operating improvements and expense reductions, product margin synergies and other synergies added-back pursuant to clause (n) above, shall not exceed 25.00% of Consolidated EBITDA for such period prior to giving effect to this clause (C); and 
(ii) at the time any such calculation pursuant to this clause (C) is made, the Borrower shall deliver to the Administrative Agent a certificate signed by a Responsible Officer (which may be the Compliance Certificate) setting forth reasonably detailed calculations in respect of the matters referred to in this clause (C), as well as the relevant factual support in respect thereof.
“Consolidated Excess Cash Flow” means, for any period, an amount (if positive) equal to: (a) the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, plus, (ii) to the extent reducing Consolidated Net Income, the sum, without duplication, of amounts for non-cash charges reducing Consolidated Net Income, including for depreciation and amortization (excluding any such non-cash charge to the extent that it represents an accrual or reserve for a potential cash charge in any future period or amortization of a prepaid cash charge that was paid in a prior period), plus (iii) the Consolidated Working Capital Adjustment, minus (b) the sum, without duplication, of (i) the amounts for such period paid in cash by the Borrower and its Restricted Subsidiaries from operating cash flow (and not already reducing Consolidated Net Income) of (1) scheduled repayments (but not optional or mandatory prepayments) of Indebtedness for borrowed money of the Borrower and its Restricted Subsidiaries (excluding scheduled repayments of Revolving Credit Loans or Swing Line Loans (or other loans which by their terms may be re-borrowed if prepaid) except to the extent the Revolving Credit Commitments (or commitments in respect of such other revolving loans) are permanently reduced in connection with such repayments) and scheduled repayments of obligations of the Borrower and its Restricted Subsidiaries under Capital Leases (excluding any interest expense portion thereof), (2) Capital Expenditures, (3) payments of the type described in clause (f) of the definition of Consolidated EBITDA, and (4) consideration in respect of Investments made pursuant to Section 7.02 (other than Section 7.02(a), (c), (g) or (p)) (and financed with internally generated cash (and not from the proceeds of Indebtedness)) plus (ii) other non-cash gains increasing Consolidated Net Income for such period (excluding any such non-cash gain to the extent it represents the reversal of an accrual or reserve for a potential cash gain in any prior period). 

21

“Consolidated Funded Indebtedness” means, as of any date of determination, for the Borrower and its Restricted Subsidiaries on a consolidated basis, the sum, without duplication, of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including the Obligations hereunder and any Indebtedness owing or paid to non-Affiliated third parties in respect of Receivables Program Obligations) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (b) all purchase money Indebtedness, (c) all direct non-contingent obligations arising in connection with letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, (d) all obligations to pay the deferred purchase price of property or services (other than (i) trade accounts payable in the ordinary course of business and (ii) contingent earn-outs, hold-backs and other deferred payment of consideration in Permitted Acquisitions), (e) Attributable Indebtedness in respect of Capital Leases, (f) all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) through (e) above of Persons other than the Borrower or any Restricted Subsidiary, and (g) all Indebtedness of the types referred to in clauses (a) through (f) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which the Borrower or a Restricted Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or such Restricted Subsidiary. 
“Consolidated Interest Charges” means, for any Measurement Period, consolidated interest expense (net of interest income) for such period whether paid or accrued (but without duplication if accrued and paid in the same period and, for purposes of clause (a) of the definition of Consolidated EBITDA, not including any such amount paid if previously accrued and added back in the prior period) and whether or not capitalized (including, without limitation, and without duplication, amortization of original issue discount, non-cash interest payments, the interest component of any deferred payment obligations, the interest component of all payments associated with Capital Leases, imputed interest with respect to Attributable Indebtedness, commissions, discounts and other fees and charges incurred in respect of letters of credit or bankers’ acceptances, discounts, yield and other fees and charges (including any interest expense) related to any Qualified Receivables Transaction owing or paid to non-Affiliated third parties, dividend and distribution payments made in cash on any Disqualified Equity Interests, and net payments, if any, pursuant to interest rate Swap Contracts, but excluding amortization of debt issuance costs), in each case, of or by the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

22

“Consolidated Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the most recently completed Measurement Period to (b) Consolidated Interest Charges for such Measurement Period.
“Consolidated Net Income” means, at any date of determination, the net income (or loss) of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period taken as a single accounting period determined in conformity with GAAP; provided that Consolidated Net Income shall exclude, without duplication, (a) extraordinary gains and extraordinary non-cash losses for such Measurement Period, (b) the net income of any Restricted Subsidiary that is not a Loan Party (other than a Receivables Subsidiary) during such Measurement Period to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary of such income is not permitted by operation of the terms of its Organization Documents or any agreement, instrument or Law applicable to such Restricted Subsidiary during such Measurement Period, except that the Borrower’s equity in any net loss of any such Restricted Subsidiary for such Measurement Period shall be included in determining Consolidated Net Income, (c) any income (or loss) for such Measurement Period of any Person if such Person is not a Restricted Subsidiary or is a Receivables Subsidiary, except that (x) the Borrower’s equity in the net income of any such Person for such Measurement Period shall be included in Consolidated Net Income up to the aggregate amount of cash actually distributed by such Person during such Measurement Period to the Borrower or a Restricted Subsidiary as a dividend or other distribution (and in the case of a dividend or other distribution to a Restricted Subsidiary, such Restricted Subsidiary is not precluded from further distributing such amount to the Borrower as described in clause (b) of this proviso) and (y) any such loss for such Measurement Period shall be included to the extent funded with cash contributed by the Borrower or a Restricted Subsidiary, (d) any cancellation of debt income arising from a repurchase of Term Loans by the Borrower pursuant to Section 10.06(b)(vii) or any other early extinguishment of Indebtedness, hedging agreements or other similar instruments, (e) any (i) write-off or amortization made in such period of deferred financing costs and premiums paid or other expenses incurred directly in connection with any early extinguishment of Indebtedness, or (ii) good will or other asset impairment charges, write-offs or write-downs, and (f) the effects of purchase accounting adjustments (including the effects of such adjustments pushed down to the Borrower and its Restricted Subsidiaries) in component amounts required or permitted by GAAP resulting from the application of purchase accounting in relation to any consummated acquisition or the amortization or write-off of any amounts thereof, net of taxes. 

23

“Consolidated Senior Secured Debt” means, as of any date of determination, without duplication, the aggregate principal amount of Consolidated Funded Indebtedness outstanding on such date that is secured by a Lien on any asset or property of the Borrower or any Restricted Subsidiary (including, for the avoidance of doubt, purchase money Indebtedness and Attributable Indebtedness in respect of Capital Leases).
“Consolidated Total Assets” means, on any date of determination, the total assets of the Borrower and its Restricted Subsidiaries, determined in accordance with GAAP as shown on the most recent consolidated balance sheet of the Borrower delivered pursuant to Section 6.01(a) or (b) on or prior to such date or, for the period prior to the time any such statements are so delivered pursuant to Section 6.01(a) or (b), the financial statements for the fiscal quarter ended December 31, 2019, in each case after giving pro forma effect to acquisitions or dispositions of Persons, divisions or lines of business that had occurred on or after such balance sheet date and on or prior to such date of determination.
“Consolidated Working Capital” means, as at any date of determination, Consolidated Current Assets of the Borrower and its Restricted Subsidiaries less Consolidated Current Liabilities of the Borrower and its Restricted Subsidiaries.
“Consolidated Working Capital Adjustment” means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.  In calculating the Consolidated Working Capital Adjustment there shall be excluded the effect of reclassification during such period of current assets to long term assets and current liabilities to long term liabilities and the effect of any Permitted Acquisition during such period; provided, that there shall be included with respect to any Permitted Acquisition during such period an amount (which may be a negative number) by which the Consolidated Working Capital of the Person acquired in such Permitted Acquisition as at the time of such acquisition exceeds (or is less than) the Consolidated Working Capital of the Person acquired at the end of such period (in each case, substituting the Person acquired for the Borrower and its Restricted Subsidiaries in the calculation of such acquired Consolidated Working Capital).
“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound.
“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto.
“Conversion/Continuation Notice” means a notice of (a) a conversion of Loans of a particular Class from one Type to the other or (b) a continuation of Eurodollar Rate Loans or CDOR Rate Loans pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit A-2 or any other form approved by the Administrative Agent.

24

“Corresponding Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the applicable Interest Period for a Eurodollar Rate Loan.
“Covenant Transaction” has the meaning specified in Section 1.09(d). 
“Credit Agreement Refinancing Indebtedness” means Indebtedness incurred solely by the Borrower in the form of one or more series or classes of Loans or Commitments under this Agreement, in each case, issued, incurred or otherwise obtained (including by means of the amendment, extension, refinancing, or renewal of existing Indebtedness) in exchange for, or to refinance, in whole or part, existing Term Loans (and/or Term Commitments) and Revolving Credit Loans (and/or Revolving Credit Commitments), or any then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”); provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis with the Liens securing the other Obligations hereunder and is not secured by any property or assets other than the Collateral, (ii) such Indebtedness is not guaranteed by any Person other than the Guarantors, (iii) such Indebtedness is incurred solely to refinance, in whole or part, Refinanced Debt, and the proceeds thereof shall be substantially contemporaneously applied to prepay such Refinanced Debt, interest and any premium (if any) thereon, and fees and expenses incurred in connection with such Indebtedness, and any Term Commitments and/or Revolving Credit Commitments so refinanced shall be concurrently terminated, (iv) such Indebtedness (including, if such Indebtedness includes any Revolving Credit Commitments, the unused amount of such Revolving Credit Commitments) is in an original aggregate principal amount not greater than the aggregate principal amount of the Refinanced Debt (and, in the case of Refinanced Debt consisting, in whole or in part, of unused Revolving Credit Commitments, the applicable amount thereof), plus accrued and unpaid interest, any premium, and fees and expenses reasonably incurred in connection therewith, (v) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity no shorter, than the Refinanced Debt, (vi) the terms and conditions of such Indebtedness (except as otherwise provided above and with respect to pricing, premiums, fees, rate floors and optional prepayment or redemption terms) are substantially identical to the terms and conditions applicable to the Refinanced Debt, unless (x) such terms apply only after the Latest Maturity Date at the time such Indebtedness is established or (y) this Agreement is amended so that such terms are also applicable for the benefit of the Lenders under any then-existing Facilities and (vii) such Refinanced Debt shall be repaid, all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, and all commitments in respect thereof shall be terminated, on the date such Indebtedness is incurred.
“Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension.
“Daily Simple SONIA” means, for any day (an “RFR Rate Day”), a rate per annum equal to the sum of (a) the greater of (i) SONIA for the day (such day “i”) that is 5 (five) RFR Business Days prior to (A) if such RFR Rate Day is an RFR Business Day, such RFR Rate Day or (B) if such RFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Rate Day, in each case, as such SONIA is published by the SONIA Administrator on the SONIA Administrator’s Website, and (ii) zero, and (b) the SONIA Adjustment. If by 5:00 pm (local time for the applicable RFR) on the second RFR Business Day immediately following any day “i”, the RFR in respect of such day “i” has not been published on the applicable SONIA Administrator’s Website and a Benchmark Replacement Date with respect to the applicable Daily Simple SONIA has not occurred, then SONIA for such day “i” will be SONIA as published in respect of the first preceding RFR Business Day for which SONIA was published on the SONIA Administrator’s Website; provided that SONIA as determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Simple SONIA for no more than three consecutive RFR Rate Days. Any change in Daily Simple SONIA due to a change in SONIA shall be effective from and including the effective date of such change without notice to the Borrower.

25

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.
“Declined Proceeds” has the meaning assigned to such term in Section 2.05(b)(vi).
“Deemed Dividend Problem” means, with respect to any CFC, such CFC’s current and accumulated and undistributed earnings and profits (other than earnings and profits described in Sections 959(c)(1) and 959(c)(2) of the Code) being deemed to be repatriated to the Borrower or the applicable Domestic Subsidiary of the Borrower under Section 956 of the Code and the United States Treasury Regulations promulgated thereunder and the effect of such deemed repatriation causing adverse tax consequences to the Borrower or the applicable Domestic Subsidiary of the Borrower in each case as determined by the Borrower in its commercially reasonable judgment acting in good faith and in consultation with the Administrative Agent. 
“Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.
“Default Rate” means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (x) with respect to principal, interest or other fees attributable to a Facility, (i) in the case of Loans denominated in an Alternative Currency, the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2.0% and (ii) in the case of Loans denominated in U.S. Dollars, the Base Rate plus the Applicable Rate applicable to Base Rate Loans under such Facility plus 2% per annum and (y) with respect to all other Obligations, (i) the Base Rate plus (ii) the Applicable Rate applicable to Base Rate Loans under the Original Revolving Credit Facility plus (iii) 2% per annum, in each case to the fullest extent permitted by applicable Laws, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

26

“Defaulting Lender” means, subject to Section 2.16(b), any Lender that, as determined by the Administrative Agent, (a) has failed to perform any of its funding obligations hereunder, including in respect of its Loans or participations in respect of Letters of Credit or Swing Line Loans, within three Business Days of the date required to be funded by it hereunder, unless, with respect to funding obligations in respect of Loans, such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, (b) has provided written notice to the Borrower and the Administrative Agent that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder (unless such written notice or public statement relates to such Lenders’ obligation to fund a Loan hereunder and states that such position is based on such Lender’s good faith determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after request by the Administrative Agent made in good faith belief that such Lender may not honor its funding obligations, to confirm in a manner reasonably satisfactory to the Administrative Agent that it will comply with its funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent) or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment or (iv) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgements or writs of attachment on its assets or permits such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.
“Designated Non-Cash Consideration” means the fair market value (as determined by the Borrower in good faith) of non-cash consideration received by the Borrower or a Restricted Subsidiary in connection with a Disposition pursuant to Section 7.05(j) that is designated as Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer of the Borrower setting forth the basis of such valuation (which amount will be reduced by the amount of cash or Cash Equivalents received in connection with a subsequent sale or conversion of such Designated Non-Cash Consideration to cash or Cash Equivalents).
“Designated Parent Subsidiary” has the meaning specified in Section 7.02(z). 
“Designated Subsidiaries” means the Subsidiaries of the Borrower identified to the Administrative Agent in writing prior to the Closing Date.  The Administrative Agent shall have the right, and the Borrower hereby expressly authorizes the Administrative Agent, to make the list available to Lenders on the “Private Side Information” portion of the Platform.  

27

“Disposition” or “Dispose” means the sale, consignment, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including (x) any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith and (y) any issuance of Equity Interests by any Restricted Subsidiary of such Person.  For the avoidance of doubt, any issuance of Equity Interests by the Borrower shall not be a Disposition.
“Disqualified Equity Interests” means any Equity Interests that, by their terms (or by the terms of any security or other Equity Interest into which they are convertible or for which they are exchangeable) or upon the happening of any event or condition, (a) mature or are mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) are redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests) (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), in whole or in part, (c) provide for the mandatory scheduled payment of distributions or dividends in cash or (d) are or become convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case prior to the date that is 91 days after the Latest Maturity Date in effect at the time of issuance of such Equity Interests; provided, however, that only the portion of Equity Interests which so mature or are mandatorily redeemable, are redeemable at the option of the holder thereof, provide for the mandatory scheduled prepayment of distributions or dividends, or which are or become convertible as described above after the Latest Maturity Date shall be deemed to be Disqualified Equity Interests; and provided further, however, that if such Equity Interests are issued pursuant to a plan for the benefit of the employees of the Borrower or its Restricted Subsidiaries, such Equity Interests shall not constitute Disqualified Equity Interests solely because they may be required to be repurchased by the Borrower or its Restricted Subsidiaries in order to satisfy applicable statutory or regulatory obligations.
“Disqualified Lender” means (a) any Person (or its Subsidiaries and Affiliates) who is an operating competitor of the Borrower or its Subsidiaries and that is separately identified by the Borrower to the Administrative Agent by name in writing prior to the Closing Date (which list of operating competitors may be supplemented by the Borrower after the Closing Date by means of a written notice to the Administrative Agent; provided that such supplementation shall not apply retroactively to disqualify any Persons that have previously acquired an assignment or participation in the Loans or Commitments hereunder) and (b) with respect to each Person that is a “Disqualified Lender” pursuant to clause (a) above, any of its Affiliates (other than any Affiliate of a Person that is solely a “Disqualified Lender” pursuant to clause (a) above and is a bona fide debt fund or an investment vehicle that is primarily engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of its business and for purposes hereof, a “vulture fund” or Person that purchases distressed debt in the ordinary course of its business shall be deemed not to be a bona fide debt fund or an investment vehicle that is primarily engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of its business) that is either (i) identified to the Administrative Agent by name in writing by the Borrower from time to time (provided that such supplementation shall not apply retroactively to disqualify any Persons that have previously acquired an assignment or participation in the Loans hereunder) or (ii) clearly identifiable as an Affiliate of such Disqualified Lender solely on the basis of such Affiliate’s name.

28

“Disregarded Domestic Subsidiary” means any Domestic Subsidiary (a) substantially all of the assets of which consist of the Equity Interests of one or more CFCs or (b) that is treated as a disregarded entity for U.S. federal income tax purposes that holds, directly or indirectly, the Equity Interests of one or more CFCs.
“Documentation Agents” means Credit Suisse Loan Funding LLC and JPMorgan Chase Bank, N.A., in their capacities as co-documentation agents.
“Domestic Subsidiary” means any Restricted Subsidiary organized in the United States or any political subdivision thereof but excluding any direct or indirect Subsidiary of a CFC.
“Early Opt-in Election” means the occurrence of:
(A)(i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in Section 3.08, are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBO Rate, and
(B)(i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.
“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

29

“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 
“Effective Yield” means, as to any Loans of any Class, the effective yield on such Loans, taking into account the applicable interest rate margins, any interest rate floors or similar devices and all fees, including upfront or similar fees or original issue discount (amortized over the shorter of (x) the original stated life of such Loans and (y) the four years following the date of incurrence thereof) payable generally to Lenders making such Loans, but excluding arrangement fees, structuring fees, administrative or agency fees, commitment fees, underwriting fees or other fees payable to any lead arranger (or its affiliates) (regardless of whether paid in whole or in part to any or all Lenders) in connection with the commitment or syndication of such Indebtedness.
“Eligible Assignee” means any Person that meets the requirements to be an assignee under Sections 10.06(b)(v) and (vi) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)).
“Engagement Letter” means the Engagement Letter, dated February 18, 2020, among the Borrower and the Arrangers. 
“Environmental Claim” means any written notice, claim, demand, action, litigation, toxic tort, proceeding, demand, request for information, complaint, citation, summons, investigation, notice of non-compliance or violation, cause of action, consent order, consent decree, investigation, or other proceeding by any Governmental Authority or any other Person, arising out of, based on or pursuant to any Environmental Law or related in any way to any actual, alleged or threatened Environmental Liability. 
“Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, agreements or governmental restrictions relating to human health and safety, pollution, the protection of the environment or the release of any materials into the environment, including those related to hazardous materials, substances or wastes and air and water emissions and discharges.
“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), obligation, responsibility or cost directly or indirectly resulting from or based upon (a) any violation of, or liability under, any Environmental Law, (b) the generation, use, handling, transportation, storage, distribution, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment, (e) natural resource damage or (f) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
“Environmental Permit” means any permit, approval, identification number, license or other authorization issued pursuant to or required under any Environmental Law. 

30

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination.
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.
“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section 414(b) or (c) of the Code (or Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code).
“ERISA Event” means the occurrence of any of the following (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of the Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification concerning the imposition upon the Borrower or any of its ERISA Affiliates of any liability with respect to such withdrawal, or a determination that a Multiemployer Plan is or is expected to be insolvent within the meaning of Title IV of ERISA; (d) the filing of a notice of intent to terminate, or the treatment of a Pension Plan amendment as a termination of, any Pension Plan, under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that the adjusted funding target attainment percentage (as defined in Section 436(j)(2) of the Code) of any Pension Plan is both less than 80% and such Pension Plan is more than $20,000,000 underfunded on an adjusted funding target attainment percentage basis; (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate; or (i) the failure to satisfy the Pension Funding Rules with respect to any Pension Plan, whether or not waived.
“Escrow Subsidiary” means a wholly-owned Subsidiary (i) created by the Borrower or any Subsidiary for the sole purpose of issuing debt securities the net proceeds of which must be deposited into a secured escrow account of such Subsidiary pending consummation of a Permitted Acquisition and which debt securities must be redeemed if such Permitted Acquisition is not consummated, (ii) engaged in no activities other than those incidental to the issuance of such debt securities, (iii) owning no assets other than amounts that have been deposited into such secured escrow account and (iv) which has been designated as an Escrow Subsidiary by the Borrower’s Board of Directors as evidenced by a filing with the Administrative Agent of (1) a board resolution of the Borrower giving effect to such designation and (2) an officers’ certificate certifying that such designation, and the transactions in which such Subsidiary will engage (including the terms of the debt securities issued by such Subsidiary), comply with the requirements of this definition; provided that if at any time (x) such Subsidiary ceases to comply with the requirements of this definition or (y) the debt securities become guaranteed by (or secured by assets of) any Person other than such Subsidiary, such designated Subsidiary shall no longer constitute an Escrow Subsidiary under this Agreement.

31

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 
“Euro” and “€” means the single currency of any member state of the European Union that adopts or has adopted the Euro as its lawful currency in accordance with the legislation of the European Union relating to economic and monetary union.
“Eurodollar Rate” means for any Interest Rate Determination Date with respect to an Interest Period for a Eurodollar Rate Loan, the rate per annum obtained by multiplying (I)(x) (i) the rate per annum equal to the rate determined by the Administrative Agent to be the offered Screen Rate for deposits (for delivery on the first day of such period) (such page currently being in relation to a Loan denominated in U.S. Dollars or Pounds Sterling, as currently published on Reuters Screen LIBOR01 Page or LIBOR02 Page (or any successor thereto) and (ii) in relation to a Loan denominated in Euros, the EURIBOR01 page) (the “LIBO Rate”) with a term equivalent to such Interest Period in the relevant currency, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (y) in the event the rates referenced in the preceding clause (x) do not appear on such page or service or if such page or service shall cease to be available, the rate determined by the Administrative Agent to be the offered rate on such other page or other service which displays an average London Interbank Offered Rate for deposits (for delivery on the first day of such period) with a term equivalent to such Interest Period in such currency, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (z) in the event the rates referenced in the preceding clauses (x) and (y) are not available, the rate per annum equal to the offered quotation rate by first class banks in the London interbank market to the Administrative Agent for deposits (for delivery on the first day of the relevant period) in such currency of amounts in same day funds comparable to the principal amount of the applicable Loan of the Administrative Agent for which the Eurodollar Rate is then being determined with maturities comparable to such period as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date; provided that, if the rates referenced in clause (x) shall not be available at the applicable time for the applicable Interest Period (an “Impacted Interest Period”), then the Eurodollar Rate for such currency and Interest Period shall be the Interpolated Rate by (II) the Statutory Reserve Rate; provided, however, notwithstanding the foregoing, at no time will the Eurodollar Rate be deemed to be less than zero percent per annum.

32

“Eurodollar Rate Loan” means a Revolving Credit Loan or a Term Loan that bears interest at a rate based on the definition of “Eurodollar Rate.”
“Event of Default” has the meaning specified in Section 8.01.
“Exchange Act” means the Securities Exchange Act of 1934, as amended.
“Excluded Assets” has the meaning specified in the Collateral Agreement.
“Excluded Subsidiary” means (a) any Affected Foreign Subsidiary, or any direct or indirect Subsidiary of any Affected Foreign Subsidiary, (b) any Receivables Subsidiary, (c) any Escrow Subsidiary, (d) any Unrestricted Subsidiary, (e) any Disregarded Domestic Subsidiary, or (f) any Restricted Subsidiary that is not a wholly owned Subsidiary and that constitutes a bona fide joint venture with a third party that is not an Affiliate of the Borrower, if, in the case of this clause (f), the granting of a security interest therein (i) would be prohibited by, cause a default under or result in a breach of, or would give another Person (other than the Borrower or any Restricted Subsidiary) a right to terminate, under any organizational document, shareholders, joint venture or similar agreement applicable to such Restricted Subsidiary that is not a wholly owned Subsidiary and that constitutes a bona fide joint venture with a third party that is not an Affiliate of the Borrower or (ii) would require obtaining the consent of any Person (other than the Borrower or any Restricted Subsidiary) unless such consent has been obtained; provided that the Borrower and its Restricted Subsidiaries shall not be required to obtain any such consents.
“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by overall net income (however denominated), franchise Taxes (in lieu of net income Taxes), and branch profits Taxes in each case, (i) imposed by the jurisdiction (or any political subdivision thereof) under the Laws of which such Recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located, or (ii) that are Other Connection Taxes, (b) any backup withholding tax that is required by the Code to be withheld from amounts payable to a Lender that has failed to comply with clause (A) of Section 3.01(e)(ii), (c) in the case of a Lender (other than an assignee pursuant to a request by the Borrower under Section 10.13), any United States federal withholding Tax that (i) is required to be imposed on amounts payable to or for the account of such Lender pursuant to the Laws in force at the time such Lender acquires such interest in the Loan or Commitment (or designates a new Lending Office) or (ii) is attributable to such Lender’s failure or inability (other than as a result of a Change in Law) to comply with clause (B) of Section 3.01(e)(ii), except that in the case of a Lender that designates a new Lending Office or becomes a Party to this Agreement pursuant to an assignment, withholding Taxes shall not be Excluded Taxes to the extent that such Taxes were not Excluded Taxes with respect to such Lender or its assignor, as the case may be, immediately before such designation of a new Lending Office or assignment; and (d) any U.S. federal withholding Taxes imposed under FATCA.
“Existing Letters of Credit” means the collective reference to the existing letters of credit identified on Schedule 1.01A, including extensions and renewals thereof.

33

“Existing Obligations” has the meaning specified in Section 10.24.
“Facility” means the Revolving Credit Facility, an Incremental Facility or a Refinancing Facility, as the context may require.
“FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board.
“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof.
“Federal Funds Effective Rate” means, for any day, the rate calculated by the Federal Reserve Bank of New York based on such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided that if the Federal Funds Effective Rate for any day is less than zero, the Federal Funds Effective Rate for such day will be deemed zero.
“Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.
“Fee Letters” means (a) the Agency Fee Letter and (b) the Arranger Fee Letter, dated February 18, 2020, among the Borrower and Barclays Bank PLC. 
“Fiscal Year” means the fiscal year of the Borrower and its Restricted Subsidiaries ending on September 30 of each calendar year.
“Foreign Government Scheme or Arrangement” has the meaning specified in Section 5.11(c).
“Foreign Lender” means a Lender that is not a U.S. Person.
“Foreign Plan” has the meaning specified in Section 5.11(c).
“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.
“FRB” means the Board of Governors of the Federal Reserve System of the United States.
“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to any L/C Issuer, such Defaulting Lender’s Applicable Revolving Credit Percentage of the outstanding L/C Obligations in respect of Letters of Credit issued by such L/C Issuer other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof and (b) with respect to the Swing Line Lender, such Defaulting Lender’s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.

34

“Fully Funded” has the meaning specified in Section 5.11(c).
“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities.
“GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time. 
“Governmental Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including the National Association of Insurance Commissioners and any supra-national bodies such as the European Union or the European Central Bank).
“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term “Guarantee” shall not include endorsements for collection or deposit, in either case in the ordinary course of business, or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted under this Agreement (other than such obligations with respect to Indebtedness).  The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith.  The term “Guarantee” as a verb has a corresponding meaning.

35

“Guarantors” means, collectively, each existing and future direct or indirect Subsidiary of the Borrower (other than any Excluded Subsidiary or any Immaterial Subsidiary).
“Hazardous Materials” means all explosive or radioactive substances or wastes, contaminants, pollutants or any other hazardous or toxic substances, wastes or materials regulated under or defined in any Environmental Law, including petroleum, its derivatives or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, and infectious or medical wastes. 
“Hazardous Material Activity” means any past, current, proposed or threatened activity, event or occurrence involving any Hazardous Material, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement, generation, transportation, processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of any Hazardous Material, and any corrective action or response action with respect to any of the foregoing.
“Hedge Bank” means any Person that, at the time it enters into a Swap Contract permitted (i) hereunder, is a Lender, the Administrative Agent or an Arranger or an Affiliate of a Lender, the Administrative Agent or an Arranger in its capacity as a party to such Swap Contract, (ii) under the Original Credit Agreement, was a “Lender”, the “Administrative Agent” or an “Arranger” or an “Affiliate” of a “Lender”, the “Administrative Agent” or an “Arranger” (as each such term was defined in the Original Credit Agreement) in its capacity as a party to such Swap Contract or (iii) under the 2014 Credit Agreement, was a “Lender”, the “Administrative Agent” or an “Arranger” or an “Affiliate” of a “Lender”, the “Administrative Agent” or an “Arranger” (as each such term was defined in the 2014 Credit Agreement) in its capacity as a party to such Swap Contract.
“Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary that, (a) as of the last date of the most recent fiscal quarter of the Borrower for which financial statements have been delivered, accounts for less than 5.00% of the Consolidated Total Assets of the Borrower and its Restricted Subsidiaries and less than 5.00% of the total revenue of the Borrower and its Restricted Subsidiaries on a consolidated basis, in each case, as measured as of the last day of the most recent fiscal quarter of the Borrower for which financial statements have been delivered and (b) does not, directly or indirectly, hold Equity Interests in any Restricted Subsidiary that is not an Immaterial Subsidiary as of such date; provided that if, as of the last date of the most recent fiscal quarter of the Borrower for which financial statements have been delivered, the aggregate amount of Consolidated Total Assets or net sales attributable to all Restricted Subsidiaries that are Immaterial Subsidiaries exceeds 7.50% of the Consolidated Total Assets of the Borrower and its Restricted Subsidiaries or 7.50% of the total revenues of the Borrower and its Restricted Subsidiaries on a consolidated basis, then a sufficient number of Restricted Subsidiaries which are not Excluded Subsidiaries shall be designated by the Borrower (or, in the event the Borrower has failed to do so within twenty days, the Administrative Agent) to eliminate such excess, and such designated Restricted Subsidiaries shall no longer constitute Immaterial Subsidiaries under this Agreement.

36

“Immediate Family Member” means with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law (including adoptive relationships), any trust, partnership or other bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing individuals, such individual’s estate (or an executor or administrator, in each case, acting on their behalf) or any private foundation or fund that is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor.
“Increased Amount Date” has the meaning specified in Section 2.14(b).
“Incremental Available Amount” means 
(a)(i) the greater of (x) $1,014,000,000 and (y) 100.00% of the Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements less (ii) the aggregate principal amount of Indebtedness incurred pursuant to Section 2.14(a) and Section 7.03(s) in reliance of this clause (a), plus 
(b)(i) the amount of any voluntary prepayments or debt buybacks of Term Loans, loans under any Incremental Equivalent Debt and/or loans under other Indebtedness, in each case, secured on a pari passu basis with the Liens securing the Obligations hereunder (which, in the case of any such Indebtedness that constitutes revolving Indebtedness, is accompanied by a permanent reduction in the relevant commitment), (ii) voluntary prepayments of Revolving Credit Loans to the extent accompanied by a permanent reduction in the relevant commitment, and (iii) the amount paid in cash in respect of any reduction in the outstanding principal amount of any Term Loan resulting from any assignment of such Term Loan to the Borrower pursuant to Section 10.06(b)(vii) and/or the application of “yank-a-bank” provisions pursuant to Section 10.13, in each case, made prior to the Increased Amount Date (in the case of each of clauses (b)(i), (ii) and (iii), other than prepayments, repayments or commitment reductions financed with the proceeds of long-term indebtedness (other than revolving indebtedness (except where revolving indebtedness is used to replace revolving indebtedness))) less (iv) the aggregate principal amount of Indebtedness incurred pursuant to Section 2.14(a) and Section 7.03(s) in reliance on this clause (b), plus 
(c) an unlimited amount so long as, after giving effect to the incurrence of such Incremental Equivalent Debt or such Incremental Facility (assuming all commitments under or in respect of the Revolving Credit Facility Increase, Incremental Term Loans or Incremental Equivalent Debt are fully funded and without netting the cash proceeds thereof), (i) in the case of any Incremental Facility or Incremental Equivalent Debt secured by any or all of the Collateral on a pari passu basis with the Liens securing the Obligations hereunder, the pro forma Secured Net Leverage Ratio would not exceed 3.50:1.00, (ii) in the case of any Incremental Facility or Incremental Equivalent Debt secured by any or all of the Collateral on a junior basis to the Liens securing the Obligations hereunder or secured by assets that do not constitute Collateral, the pro forma Secured Net Leverage Ratio would not exceed 4.00:1.00 and (iii) in the case of any Incremental Facility or Incremental Equivalent Debt that is unsecured, either (x) the Secured Net Leverage Ratio would not exceed 3.50:1.00 or (y) the pro forma Consolidated Interest Coverage Ratio would be greater than or equal to 2.00:1.00, 

37

provided, that to the extent the proceeds of any Incremental Term Loans or Incremental Equivalent Debt are intended to be applied to finance a Limited Condition Acquisition, pro forma compliance shall be tested in accordance with Section 1.09(c); and 
provided, further that, at the election of the Borrower, (I) the Borrower shall be deemed to have used amounts under clause (c) (to the extent compliant therewith) prior to utilization of amounts under clause (a) or (b), (II) Loans may be incurred simultaneously under clauses (a), (b) and (c), and proceeds from any such incurrence may be utilized in a single transaction, at the election of the Borrower, by first calculating the incurrence under clause (c) above and then calculating the incurrence under clauses (a) and (b) above and (III) any Loans incurred in reliance on clause (a) and/or (b) may be reclassified, as the Borrower may elect from time to time, as incurred under clause (c) to the extent permitted thereunder at such time on a pro forma basis.
“Incremental Borrowing” means a borrowing of Incremental Revolving Loans or Incremental Term Loans, as the context requires. 
“Incremental Equivalent Debt” has the meaning specified in Section 7.03(s).
“Incremental Facility” means, at any time, as the context may require, the aggregate amount of the Incremental Revolving Loan Lenders’ Incremental Revolving Credit Commitments and/or the Incremental Term Loan Lenders’ Incremental Term Loan Commitments of a given Class at such time and, in each case, but without duplication, the Credit Extensions made thereunder.
“Incremental Revolving Credit Commitments” has the meaning specified in Section 2.14(a).
“Incremental Revolving Loan Lender” has the meaning specified in Section 2.14(b).
“Incremental Revolving Loans” has the meaning specified in Section 2.14(e).
“Incremental Term Loan Commitments” has the meaning specified in Section 2.14(a).
“Incremental Term Loan Lender” has the meaning specified in Section 2.14(b).
“Incremental Term Loan Maturity Date” means the date on which Incremental Term Loans of a Class shall become due and payable in full hereunder, as specified in the applicable Joinder Agreement, including by acceleration or otherwise.
“Incremental Term Loans” has the meaning specified in Section 2.14(f).

38

“Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:
(a)all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments;
(b)the maximum amount of all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments;
(c)net obligations of such Person under any Swap Contract;
(d)all obligations of such Person to pay the deferred purchase price of property or services (other than (i) trade accounts payable in the ordinary course of business and not past due for more than 60 days after the date on which such trade account is due (unless being contested in good faith and by appropriate proceedings) and (ii) earn-outs, hold-backs and other deferred payment of consideration in Permitted Acquisitions to the extent not required to be reflected as liabilities on the balance sheet of the Borrower and its Restricted Subsidiaries in accordance with GAAP);
(e)indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse;
(f)Capital Leases;
(g)all obligations of such Person in respect of Disqualified Equity Interests valued, in the case of a redeemable preferred interest that is a Disqualified Equity Interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid distributions or dividends; and
(h)all Guarantees of such Person in respect of any of the foregoing.
For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person.  The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date.  The amount of any Capital Lease as of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date.
“Indemnified Liabilities” has the meaning specified in Section 10.04(b).

39

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes.
“Indemnitee” has the meaning specified in Section 10.04(b).
“Information” means all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses other than any such information that is available to the Administrative Agent, any Lender or any L/C Issuer on a non-confidential basis prior to disclosure by the Borrower or any Subsidiary.
“Interest Payment Date” means, (a)(i) as to any Eurodollar Rate Loan or CDOR Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date of the Facility under which such Loan was made; provided, however, that if any Interest Period for a Eurodollar Rate Loan or CDOR Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates or (ii) with respect to any RFR Loan, (A) each date that is on the numerically corresponding day in each calendar month that is three months after the Borrowing of such Loan; provided that, as to any such RFR Loan, (1) if any such date would be a day other than a Business Day, such date shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such date shall be the next preceding Business Day and (2) the Interest Payment Date with respect to any Borrowing that occurs on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in any applicable calendar month) shall be the last Business Day of any such succeeding applicable calendar month; provided, that for purposes of this clause (ii), the date of a Borrowing of a Loan initially shall be the date on which such Loan is made and thereafter shall be the effective date of the most recent continuation of such Borrowing, and (B) the applicable Maturity Date; and (b) as to any Base Rate Loan or Swing Line Loan, the last Business Day of each December, March, June and September and the Maturity Date of the Facility under which such Loan was made.
“Interest Period” means, as to each Eurodollar Rate Loan or CDOR Rate Loan, the period commencing on the date such Eurodollar Rate Loan or CDOR Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan or CDOR Rate Loan, as applicable, and ending on the date one, two, three or six months (or, if approved by the relevant Lenders, 12 months or any period less than one month) thereafter, as selected by the Borrower in its Committed Loan Notice or Conversion/Continuation Notice, as applicable; provided that:
(a)any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;
(b)any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and

40

(c)no Interest Period shall extend beyond the Maturity Date of the Facility under which such Loan was made.
“Interest Rate Determination Date” means, with respect to any Interest Period in respect of Eurodollar Rate Loans, the date that is two Business Days prior to the first day of such Interest Period.
“Interpolated Rate” means, in relation to any Eurodollar Rate Loan, the rate per annum determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the applicable Eurodollar Rate for the longest period (for which the applicable Eurodollar Rate is available for deposits in the applicable currency) that is shorter than the Impacted Interest Period of that Eurodollar Rate Loan and (b) the applicable Eurodollar Rate for the shortest period (for which such Eurodollar Rate is available for deposits in the applicable currency) that exceeds the Impacted Interest Period of that Eurodollar Rate Loan, in each case, as of 11:00 a.m. (London, England time) two (2) Business Days prior to the first day of such Interest Period; provided that if the Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.
“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests of another Person, (b) the purchase or other acquisition of assets of another Person if such assets constitute a business, division or operating unit (other than purchases or other acquisitions of inventory, materials, supplies and/or equipment in the ordinary course of business), (c) a loan, advance or capital contribution to, Guarantee or assumption of Indebtedness of, or purchase or other acquisition of any other debt or interest in, another Person, or (d) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit.  For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment.
“IP Rights” has the meaning specified in Section 5.16.
“IRS” means the United States Internal Revenue Service.
“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance).
“Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit Application and any other document, agreement or instrument entered into by the applicable L/C Issuer and the Borrower (or any Restricted Subsidiary) or in favor of such L/C Issuer relating to such Letter of Credit.

41

“Joinder Agreement” means an agreement substantially in the form of Exhibit F.
“Judgment Currency” has the meaning specified in Section 10.20.
“Junior Lien Intercreditor Agreement” means an intercreditor agreement among the Administrative Agent and the other parties from time to time party thereto, substantially in the form of Exhibit J.
“L/C Advance” means, with respect to each Revolving Credit Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Revolving Credit Percentage.
“L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.
“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.
“L/C Issuer” means with respect to Letters of Credit issued hereunder on or after the Closing Date, (i) Barclays Bank PLC, (ii) Bank of America, N.A., (iii) JPMorgan Chase Bank, N.A., (iv) Wells Fargo Bank, N.A., (v) PNC Bank, National Association and (vi) any other Revolving Credit Lender that may become and agrees to become an L/C Issuer pursuant to Section 2.03(l), (vii) any successor issuer of Letters of Credit hereunder or (viii) collectively, all of the foregoing, in each case, in their respective capacities as an issuer thereof.  Each L/C Issuer’s and its respective Affiliates’ share of the Letter of Credit Sublimit is set forth opposite such L/C Issuer’s name on Schedule 2.01 (as such Schedule may be amended with the consent of each affected L/C Issuer and the Borrower from time to time) under the caption “Letter of Credit Commitments” and no L/C Issuer shall be required to issue Letters of Credit in excess of its applicable amount so set forth; provided that it is understood and agreed that each L/C Issuer may, in its sole discretion, make L/C Credit Extensions in an aggregate amount above its respective share of the Letter of Credit Sublimit.  
“L/C Obligations” means, as at any date of determination, (i) the aggregate amount available to be drawn under all outstanding Letters of Credit plus (ii) the aggregate of all Unreimbursed Amounts, including all L/C Borrowings, in each case, using the U.S. Dollar Equivalent of amounts denominated in an Alternative Currency.  For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06.  For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

42

“Latest Maturity Date” means, at any date of determination, the latest Maturity Date applicable to any Loan or Commitment hereunder at such time, including the latest maturity date of any Refinancing Term Loan, any Refinancing Term Commitment, any Incremental Term Loans, any Incremental Revolving Credit Commitments or any Other Revolving Commitments, in each case as extended in accordance with this Agreement from time to time.
“Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law.
“LCA Election” means the Borrower’s election to treat a specified Investment that is an acquisition or in the nature of an acquisition (including a Permitted Acquisition) as a Limited Condition Acquisition by giving written notice of such election to the Administrative Agent at any time prior to the closing of such Limited Condition Acquisition. 
“LCA Test Date” has the meaning specified in Section 1.09(c).
“Lender” has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.
“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.
“Letter of Credit” means any standby letter of credit issued hereunder.
“Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the applicable L/C Issuer.
“Letter of Credit Expiration Date” means the day that is seven days prior to the Maturity Date then in effect for the applicable Revolving Credit Facility (or, if such day is not a Business Day, the next preceding Business Day).
“Letter of Credit Fee” has the meaning specified in Section 2.03(h).
“Letter of Credit Sublimit” means an amount equal to $75,000,000.  The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Credit Facilities.
“LIBO Rate” has the meaning specified in the definition of Eurodollar Rate.
“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).

43

“Limited Condition Acquisition” means any Permitted Acquisition, or other Investment in the nature of an acquisition, by the Borrower or one or more of its Restricted Subsidiaries whose consummation is not, by the terms of the applicable purchase, sale, joint venture, merger or any other definitive agreement with respect to such Permitted Acquisition or other Investment, conditioned on the availability of, or on obtaining, third party financing.
“Loan” means an extension of credit by a Lender to the Borrower hereunder in the form of a Term Loan, Revolving Credit Loan or a Swing Line Loan.
“Loan Documents” means this Agreement, each Note, each Issuer Document, the Collateral Documents, the Pari Passu Intercreditor Agreement, the Fee Letters, each agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.15 of this Agreement, any Refinancing Amendment, any Joinder Agreement and any other agreement or instrument designated as a “Loan Document” by its terms.
“Loan Parties” means, collectively, the Borrower and each Guarantor.
“Market Capitalization” means an amount equal to (a) the total number of issued and outstanding shares of the Borrower’s Common Stock that are issued and outstanding on the date of the relevant Restricted Payment and listed on The New York Stock Exchange (or, if the primary listing of such Common Stock is on another exchange, on such other exchange) multiplied by (b) the arithmetic mean of the closing price per share of such Common Stock as reported by The New York Stock Exchange (or, if the primary listing of such Common Stock is on another exchange, on such other exchange) for each of the 30 consecutive trading days immediately preceding the date of such Restricted Payment.
“Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the results of operations, business, properties, liabilities (actual or contingent) or financial condition of the Borrower and its Restricted Subsidiaries taken as a whole; (b) a material impairment of the rights and remedies of the Administrative Agent or any Lender under any Loan Document; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party.
“Maturity Date” means, (i) with respect to the Original Revolving Credit Commitments and any subsequent additions thereto, March 18, 2025, (ii) with respect to any Refinancing Term Loans or Other Revolving Commitments, the final maturity date applicable thereto as specified in the applicable Refinancing Amendment and (iii) with respect to any Incremental Term Loans, the final maturity date applicable thereto as specified in the applicable Joinder Agreement; provided, in each case, that if such date is not a Business Day, then the applicable Maturity Date shall be the next preceding Business Day.

44

“Maximum Rate” has the meaning specified in Section 10.09.
“Measurement Period” means, at any date of determination, the most recently completed four fiscal quarters of the Borrower for which financial statements are available (other than for purposes of calculating ratios pursuant to Section 7.11, which shall look to the most recently completed four fiscal quarters of the Borrower).
“MNPI” has the meaning specified in Section 6.02.
“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.
“Most Recent Financial Statements” means the most recently delivered financial statements required to be delivered pursuant to Section 6.01(a) or Section 6.01(b) of this Agreement (or, until such time as such financial statements are so required to be delivered, the financial statements for the period ended December 31, 2019, delivered pursuant to the Original Credit Agreement).
“Multiemployer Plan” means an employee benefit plan defined in Section 4001(a)(3) of ERISA to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years has made or been obligated to make contributions.
“Multiple Employer Plan” means a plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.
“Negative-Pledge Real Property” means any fee-owned real property (a) owned by the Borrower or any other Loan Party on the Closing Date and/or (b) acquired by the Borrower or any other Loan Party after the Closing Date, in each case, with a fair market value in excess of $75,000,000.
“Non-Guarantor Debt” means Indebtedness incurred, created or assumed by Restricted Subsidiaries that are not Loan Parties. 
“Non-Guarantor Debt Cap” means an amount equal to the greater of (x) $300,000,000 and (y) 30% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements.
“Non-Recourse Debt” means Indebtedness:
(a)as to which neither the Borrower nor any of its Restricted Subsidiaries (a) provides credit support of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness), or (b) is directly or indirectly liable as a guarantor or otherwise;
(b)default with respect to which (including any rights that the holders thereof may have to take enforcement action against an Unrestricted Subsidiary) would not permit upon notice, lapse of time or both any holder of any other Indebtedness (other than the Obligations) of the Borrower or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or cause the payment thereof to be accelerated or payable prior to its stated maturity; and

45

(c)as to which the lenders have been notified in writing that they will not have any recourse to the stock or assets of the Borrower or any of its Restricted Subsidiaries.
“Note” means a promissory note made by the Borrower (x) in favor of a Revolving Credit Lender evidencing Revolving Credit Loans made by such Revolving Credit Lender, substantially in the form of Exhibit C-1 or (y) in favor of an Incremental Term Loan Lender evidencing Incremental Term Loans made by such Incremental Term Loan Lender, substantially in the form of Exhibit C-2.
“Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan, Letter of Credit, Secured Cash Management Agreement or Secured Hedge Agreement, in each case, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Notwithstanding the foregoing, Obligations of any Guarantor shall in no event include any Excluded Swap Obligations (as defined in the Collateral Agreement) of such Guarantor.
“OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control.
“Offer Loans” has the meaning specified in Section 10.06(b)(vii)(A).
“Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity.
“Original Credit Agreement” has the meaning assigned to such term in the recitals hereof.

46

“Original Revolving Credit Commitment” means, as to each Revolving Credit Lender, its commitment in effect as of the Closing Date to make Original Revolving Credit Loans to the Borrower pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Original Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.  As of the Closing Date, the aggregate amount of the Original Revolving Credit Commitments of all Revolving Credit Lenders is $750,000,000.
“Original Revolving Credit Facility” means, at any time, the aggregate amount of the Revolving Credit Lenders’ Original Revolving Credit Commitments at such time and the Credit Extensions made thereunder.
“Original Revolving Credit Lender” means, at any time, any Lender that has an Original Revolving Credit Commitment at such time or that has Original Revolving Credit Loans outstanding at such time.
“Original Revolving Credit Loan” means the Revolving Credit Loans made by the Revolving Credit Lenders to the Borrower under the Original Revolving Credit Commitments pursuant to Section 2.01.
“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely from one or more of the following: such recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan, Letter of Credit or Loan Document).
“Other Revolving Commitments” means one or more Classes of revolving commitments hereunder that result from a Refinancing Amendment.
“Other Revolving Loans” means one or more Classes of revolving credit loans made pursuant to Other Revolving Commitments that result from a Refinancing Amendment.
“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing, mortgage or mortgage recording Taxes, any other excise or property Taxes, or similar Taxes arising from any payment made hereunder or under any other Loan Document or from the execution, delivery, performance, or enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, this Agreement or any other Loan Document.
“Outstanding Amount” means (a) with respect to Term Loans, Revolving Credit Loans and Swing Line Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Term Loans, Revolving Credit Loans and Swing Line Loans, as the case may be, occurring on such date and (b) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements by the Borrower of Unreimbursed Amounts, in each case, using the U.S. Dollar Equivalent of obligations denominated in an Alternative Currency.

47

“Parent Company” means any Person of which the Borrower is a direct or indirect wholly-owned Subsidiary.
“Pari Passu Intercreditor Agreement” means an intercreditor agreement among the Administrative Agent and the other parties from time to time party thereto, substantially in the form of Exhibit I.
“Participant” has the meaning specified in Section 10.06(d).
“Participant Register” has the meaning specified in Section 10.06(d).
“PBGC” means the Pension Benefit Guaranty Corporation.
“Pension Act” means the Pension Protection Act of 2006.
“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum funding standards and required contributions (including any installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and, thereafter, Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.
“Pension Plan” means any employee pension benefit plan (including, but not limited to, Multiple Employer Plans, Multiemployer Plans, defined benefit plans or defined contribution plans) that is maintained or is contributed to, or during the preceding five plan years has been maintained or contributed to, by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the Pension Funding Rules.
“Permitted Acquisition” means any investment by the Borrower or any Restricted Subsidiary in the form of acquisitions of all or substantially all of the business or a line of business or a separate operation (whether by the acquisition of capital stock, assets or any combination thereof) of any other Person if: 
(a)the acquired entity, assets or operations shall be in the Permitted Business; 
(b)the aggregate amount of acquisitions made by the Borrower and its Restricted Subsidiaries in Persons that do not become Loan Parties as a result of any such acquisition and all other Permitted Acquisitions closed on or after the Closing Date shall not exceed the greater of (i) $350,000,000 and (ii) 35.00% of the Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements after giving effect to all acquisitions whether closed prior to, on or after the Closing Date, but prior to giving effect to the proposed acquisition; and

48

(c)no Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) shall have occurred and be continuing.
“Permitted Business” means the growing, packaging, manufacturing, processing, licensing, distribution and/or sale of any product that is ingestible by a natural person or the provision of any service with respect thereto or a line of business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.
“Permitted Holder” means (a) William P. Stiritz, (b) any of his Immediate Family Members or (c) any trust, corporation, partnership or other entity, the beneficiaries, shareholders, partners, owners or Persons beneficially holding a 50.1% or more controlling interest of which consist of William P. Stiritz and/or his Immediate Family Members.
“Permitted Liens” means those Liens permitted pursuant to Section 7.01.
“Permitted Prior Liens” has the meaning specified in Section 5.18.
“Permitted Refinancing” means, with respect to any Person, any modification, refinancing, refunding, renewal or extension of any Indebtedness of such Person; provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed or extended except by an amount equal to unpaid accrued interest and premium thereon plus other reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such modification, refinancing, refunding, renewal or extension and by an amount equal to any existing commitments unutilized thereunder (and, for the avoidance of doubt, if such principal amount (or accreted value, if applicable) is exceeded, such excess amount is otherwise permitted to be incurred hereunder), (b) such modification, refinancing, refunding, renewal or extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the remaining Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed or extended, (c) at the time thereof, no Event of Default shall have occurred and be continuing, (d) if such Indebtedness being modified, refinanced, refunded, renewed or extended is subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal or extension is subordinated in right of payment to the Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed or extended, (e) if such Indebtedness being modified, refinanced, refunded, renewed or extended is secured, the terms and conditions relating to collateral of any such modified, refinanced, refunded, renewed or extended indebtedness, taken as a whole, are not materially less favorable to the Loan Parties or the Lenders than the terms and conditions with respect to the collateral for the Indebtedness being modified, refinanced, refunded, renewed or extended, taken as a whole, and the Liens on any Collateral securing any such modified, refinanced, refunded, renewed or extended Indebtedness shall have the same (or lesser) priority relative to the Liens on the Collateral securing the Obligations and, if secured by the Collateral, the holders of such Indebtedness or a representative thereof shall be or become a party to a Pari Passu Intercreditor Agreement and (if then in effect) the Junior Lien Intercreditor Agreement (if such Indebtedness is secured by any or all of the Collateral on a pari passu basis (without regard to control of remedies) with the Obligations) or to the Junior Lien Intercreditor Agreement (if such Indebtedness is secured by any or all of the Collateral on a junior basis (without regard to the control of remedies) with the Obligations), (f) the terms and conditions (excluding as to collateral, subordination, interest rate and redemption premium) of any such modified, refinanced, refunded, renewed or extended Indebtedness, taken as a whole, shall not be materially less favorable to the Loan Parties than the Indebtedness being modified, refinanced, refunded, renewed or extended, taken as a whole, (g) if such Indebtedness being modified, refinanced, refunded, renewed or extended was unsecured, such modification, refinancing, refunding, renewal or extension shall also be unsecured and (h) such modification, refinancing, refunding, renewal or extension is incurred by one or more Persons who is an obligor of the Indebtedness being modified, refinanced, refunded, renewed or extended. 

49

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.
“Platform” has the meaning specified in Section 6.02.
“Pounds Sterling” and “GBP” means the lawful currency of the United Kingdom.
“Prepayment Notice” means a notice of the optional prepayment of Revolving Credit Loans or Term Loans pursuant to Section 2.05(a), which shall be substantially in the form of Exhibit A-3.
“Prime Rate” means the rate last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as reasonably determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as reasonably determined by the Administrative Agent).
“Pro Rata Obligations” means the Loans and the Letters of Credit.
“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.
“Public Lender” has the meaning specified in Section 6.02.
“Qualified Equity Interests” means any Equity Interests that are not Disqualified Equity Interests.

50

“Qualified Receivables Transaction” means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or any such Restricted Subsidiary may sell, convey or otherwise transfer to a Receivables Subsidiary (in the case of a transfer by the Borrower or any Restricted Subsidiary) or to any Special Purpose Vehicle (in the case of a transfer by a Receivables Subsidiary), or may grant a security interest in, any Receivables Program Assets (whether existing on the Closing Date or arising thereafter); provided that: (1) no portion of the Indebtedness or any other obligations (contingent or otherwise) of a Receivables Subsidiary or Special Purpose Vehicle (a) is Guaranteed by the Borrower or any Restricted Subsidiary (other than a Receivables Subsidiary), excluding Guarantees of obligations pursuant to Standard Securitization Undertakings, (b) is recourse to or obligates the Borrower or any Restricted Subsidiary (other than a Receivables Subsidiary) in any way other than pursuant to Standard Securitization Undertakings, or (c) subjects any property or asset of the Borrower or any Restricted Subsidiary (other than a Receivables Subsidiary), directly or indirectly, contingently or otherwise, to the satisfaction of obligations incurred in such transactions, other than pursuant to Standard Securitization Undertakings; (2) neither the Borrower nor any Restricted Subsidiary (other than a Receivables Subsidiary) has any material contract, agreement, arrangement or understanding with a Receivables Subsidiary or a Special Purpose Vehicle other than on terms no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Borrower, other than fees payable in the ordinary course of business in connection with servicing accounts receivable and Standard Securitization Undertakings; and (3) the Borrower and its Restricted Subsidiaries (other than a Receivables Subsidiary) do not have any obligation to maintain or preserve the financial condition of a Receivables Subsidiary or a Special Purpose Vehicle or cause such entity to achieve certain levels of operating results other than Standard Securitization Undertakings.
“Quarterly Financial Statements” has the meaning specified in Section 6.01(b).
“Ratio Calculation Date” has the meaning specified in Section 1.09(b)(i).
“Receivables” means all rights of the Borrower or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) to payments (whether constituting accounts, chattel paper, instruments, general intangibles or otherwise, and including the right to payment of any interest or finance charges), which rights are identified in the accounting records of the Borrower or such Restricted Subsidiary as accounts receivable.
“Receivables Documents” means: (1) one or more receivables purchase agreements, pooling and servicing agreements, credit agreements, agreements to acquire undivided interests or other agreements to transfer or obtain loans or advances against, or create a security interest in, Receivables Program Assets, in each case as amended, modified, supplemented or restated and in effect from time to time and entered into by the Borrower, a Restricted Subsidiary and/or a Receivables Subsidiary, and (2) each other instrument, agreement and other document entered into by the Borrower, a Restricted Subsidiary or a Receivables Subsidiary relating to the transactions contemplated by the agreements referred to in clause (1) above.
“Receivables Program Assets” means: (1) all Receivables which are described as being transferred by the Borrower, a Restricted Subsidiary or a Receivables Subsidiary pursuant to the Receivables Documents; (2) all Receivables Related Assets in respect of Receivables described in clause (1); and (3) all collections (including recoveries) and other proceeds of the assets described in the foregoing clauses.

51

“Receivables Program Obligations” means Indebtedness and other obligations owing in respect of notes, trust certificates, undivided interests, partnership interests or other interests sold, issued and/or pledged, or otherwise incurred, in connection with a Qualified Receivables Transaction; and related obligations of the Borrower, a Restricted Subsidiary or a Special Purpose Vehicle (including, without limitation, Standard Securitization Undertakings).
“Receivables Related Assets” means: (1) any rights arising under the documentation governing or relating to Receivables (including rights in respect of Liens securing such Receivables and other credit support in respect of such Receivables); (2) any proceeds of such Receivables and any lockboxes or accounts in which such proceeds are deposited; (3) spread accounts and other similar accounts (and any amounts on deposit therein) established in connection with a Qualified Receivables Transaction; (4) any warranty, indemnity, dilution and other intercompany claim arising out of Receivables Documents; and (5) other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving accounts receivable.
“Receivables Repurchase Obligation” means any obligation of the Borrower or a Restricted Subsidiary (other than a Receivables Subsidiary) in a Qualified Receivables Transaction to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a Receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the Borrower or a Restricted Subsidiary (other than a Receivables Subsidiary).
“Receivables Subsidiary” means a special purpose wholly-owned Subsidiary created by the Borrower or any Restricted Subsidiary in connection with the transactions contemplated by a Qualified Receivables Transaction, which Subsidiary engages in no activities other than those incidental to such Qualified Receivables Transaction and which is designated as a Receivables Subsidiary by the Borrower’s Board of Directors.  Any such designation by the Board of Directors shall be evidenced by filing with the Administrative Agent of a board resolution of the Borrower giving effect to such designation and an officers’ certificate certifying, to the best of such officers’ knowledge and belief after consulting with counsel, that such designation, and the transactions in which the Receivables Subsidiary will engage, comply with the requirements of the definition of Qualified Receivables Transaction.
“Recipient” means the Administrative Agent, any Lender or any L/C Issuer, as applicable.
“Refinanced Debt” has the meaning specified in the definition of “Credit Agreement Refinancing Indebtedness”.
“Refinancing Amendment” means an amendment, supplement, or joinder to this Agreement executed by the Borrower, the Administrative Agent, each Additional Refinancing Lender and each Lender that agrees to provide any portion of Refinancing Term Commitments, Refinancing Term Loans, Other Revolving Commitments or Other Revolving Loans, in each case in accordance with Section 2.17.

52

“Refinancing Facility” means, at any time, as the context may require, the aggregate amount of Refinancing Term Commitments and/or Other Revolving Commitments of a given Refinancing Series at such time and, in each case, but without duplication, the Credit Extensions made thereunder.
“Refinancing Series” means all Refinancing Term Loans, Refinancing Term Commitments, Other Revolving Commitments or Other Revolving Loans that are established pursuant to the same Refinancing Amendment (or any subsequent Refinancing Amendment to the extent such Refinancing Amendment expressly provides that the Refinancing Term Loans, Refinancing Term Commitments, Other Revolving Commitments or Other Revolving Credit Loans provided for therein are intended to be a part of any previously established Refinancing Series) and that provide for the same Effective Yield and, in the case of Refinancing Term Loans or Refinancing Term Commitments, amortization schedule.
“Refinancing Term Commitments” means one or more Classes of Term Commitments that are established to fund Refinancing Term Loans hereunder pursuant to a Refinancing Amendment.
“Refinancing Term Loan Borrowing” means a borrowing consisting of one or more simultaneous Refinancing Term Loans of the same Type under a Refinancing Facility and, in the case of Eurodollar Rate Loans, having the same Interest Period made pursuant to Section 2.17.
“Refinancing Term Loans” means one or more Classes of Term Loans that result from a Refinancing Amendment.
“Register” has the meaning specified in Section 10.06(c).
“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates.
“Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.
“Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping or leaching of any Hazardous Material into the environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material).
“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived.

53

“Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Term Loans or Revolving Credit Loans, a Committed Loan Notice or Conversion/Continuation Notice, as applicable, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.
“Required Facility Lenders” means, as of any date of determination, with respect to any Facility, Lenders having more than 50% of the sum of (a) the Total Outstandings under such Facility (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans under such Facility being deemed “held” by such Lender for purposes of this definition) and (b) the aggregate unused Commitments under such Facility; provided that the unused Commitments of, and the portion of the Total Outstandings under such Facility held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of the Required Facility Lenders.
“Required Lenders” means, as of any date of determination, Lenders holding more than 50% of the sum of the (a) Total Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Commitments; provided that the unused Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.
“Required Revolving Credit Lenders” means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Credit Lenders.
“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.
“Responsible Officer” means the chief executive officer, president, chief financial officer, chief accounting officer, director of corporate finance, treasurer, assistant treasurer or controller of a Loan Party, and including solely for purposes of Section 4.01(a), the secretary or assistant secretary of a Loan Party.  Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party.
“Restricted Indebtedness” has the meaning specified in Section 7.14.

54

“Restricted Payment” means any dividend, other distribution or other payment (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of any Person or any of its Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to any Person’s shareholders, partners or members (or the equivalent of any thereof) or any option, warrant or other right to acquire any such dividend or other distribution or payment. 
“Restricted Subsidiary” means any Subsidiary other than an Unrestricted Subsidiary.
“Revolving Credit Borrowing” means a borrowing consisting of one or more simultaneous Revolving Credit Loans of the same Class and Type and, in the case of Eurodollar Rate Loans or CDOR Rate Loans, having the same Interest Period made pursuant to Section 2.01.
“Revolving Credit Commitment” means, as to each Revolving Credit Lender, its Original Revolving Credit Commitment and shall include, as the context may require, any Incremental Revolving Credit Commitments and Other Revolving Commitments of such Revolving Credit Lender.
“Revolving Credit Facility” means the collective reference to the Original Revolving Credit Facility and any additional revolving credit facilities resulting from Incremental Revolving Credit Commitments and Other Revolving Commitments and the Credit Extensions made thereunder, or, as the context may require, to any of such revolving credit facilities individually.
“Revolving Credit Lender” means, at any time, any Lender that has a Revolving Credit Commitment at such time or that has Revolving Credit Loans or risk participations in L/C Obligations or Swing Line Loans outstanding at such time. 
“Revolving Credit Loan” has the meaning specified in Section 2.01 and shall include, as the context may require, any Incremental Revolving Loans or Other Revolving Loans.
“Revolving Facility Test Condition” means, as of the end of any fiscal quarter, that the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations (excluding (i) L/C Obligations in respect of Letters of Credit that have been Cash Collateralized and (ii) other L/C Obligations described in clause (i) of the definition thereof in an amount not to exceed $20,000,000) exceeds 30% of the Revolving Credit Commitments as of such date.
“RFR” means, for any RFR Loans denominated in Pounds Sterling, SONIA. 
“RFR Borrowing” means, as to any Borrowing, the RFR Loans comprising such Borrowing.

55

“RFR Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which banks are closed for general business in London, England. 
“RFR Loan” means a Loan that bears interest at a rate based on the Daily Simple SONIA.
“RFR Rate Day” has the meaning assigned to such term in the definition of “Daily Simple SONIA”.
“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state, or Her Majesty’s Treasury of the United Kingdom.
 “Sanctioned Country” means a country, territory or a government of a country or territory that is subject to Sanctions.
“Sanctioned Person” means (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state, or Her Majesty’s Treasury of the United Kingdom, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).
“S&P” means S&P Global Inc., through its S&P Global Ratings division or any successor thereto.
“Same Day Funds” means (a) with respect to disbursements and payments in U.S. Dollars, immediately available funds and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be reasonably determined by the Administrative Agent or the applicable L/C Issuer, as the case may be, to be customary in the place of disbursement or payment for the settlements of international banking transactions in the relevant Alternative Currency. 
“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.
“Screen Rate” means, (i) in relation to a Loan denominated in U.S. Dollars or Pounds Sterling, the London Interbank Offered Rate administered by the ICE Benchmark Association Limited (or any other Person that takes over the administration of such rate) for the relevant currency and Interest Period and (ii) in relation to a Loan denominated in Euros, the percentage rate per annum determined by the Banking Federation of the European Union for the relevant period, in each case, displayed on the appropriate page of the Reuters screen.  If the agreed page is replaced or service ceases to be available, the Administrative Agent may specify another page or service displaying the appropriate rate.

56

“Secured Cash Management Agreement” means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.
“Secured Hedge Agreement” means any interest rate, currency or commodity Swap Contract permitted under this Agreement that is entered into by and between a Loan Party and any Hedge Bank. 
“Secured Net Leverage Ratio” means, with respect to any Measurement Period, the ratio of (i) Consolidated Senior Secured Debt (which shall be calculated net of the Unrestricted Cash Amount) as of the last day of such Measurement Period to (ii) Consolidated EBITDA for such Measurement Period, in each case for the Borrower and its Restricted Subsidiaries.
“Secured Parties” means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, with respect to any Secured Cash Management Agreement, the Cash Management Banks, with respect to any Secured Hedge Agreement, the Hedge Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents.
“Senior Notes” means, collectively, if any notes are outstanding thereunder, the 2026 Senior Notes, the 2027 Senior Notes, the 2028 Senior Notes, the 2029 Senior Notes, and the 2030 Senior Notes.
“Shareholders’ Equity” means, as of any date of determination, consolidated shareholders’, partners’ or members’ equity of the Borrower and its Restricted Subsidiaries as of that date determined in accordance with GAAP.
“SOFR” with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website.
“SOFR-Based Rate” means SOFR, Compounded SOFR or Term SOFR.
“Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business.  The amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

57

“SONIA” means a rate equal to the Sterling Overnight Index Average as administered by the SONIA Administrator.
“SONIA Adjustment” means 0.1193% (11.93 basis points).
“SONIA Administrator” means the Bank of England (or any successor administrator of the Sterling Overnight Index Average). 
“SONIA Administrator’s Website” means the Bank of England’s website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time.
“Special Purpose Vehicle” means a trust, partnership or other special purpose Person established by the Borrower and/or any of its Restricted Subsidiaries to implement a Qualified Receivables Transaction. 
“Spot Rate” for a currency means the rate determined by the Administrative Agent or the applicable L/C Issuer, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the applicable L/C Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent or the applicable L/C Issuer if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency; provided further that the applicable L/C Issuer may use such spot rate quoted on the date as of which any foreign exchange computation is to be made in the case of any Letter of Credit denominated in an Alternative Currency.
“Standard Securitization Undertakings” means representations, warranties, covenants, performance guarantees and indemnities entered into by the Borrower or any Restricted Subsidiary of the Borrower which, in the good faith judgment of the board of directors of the appropriate company, are reasonably customary in an accounts receivable transaction, including any Receivables Repurchase Obligation.
“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the arithmetic mean, taken over each day in such Interest Period, of the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the FRB to which the Administrative Agent is subject with respect to the Eurodollar Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” (as such term is defined in Regulation D of the FRB)).  Such reserve percentages shall include those imposed pursuant to such Regulation D. Without limiting the effect of the foregoing, the Statutory Reserve Rate shall reflect any other reserves required to be maintained by such member banks with respect to (a) any category of liabilities which includes deposits by reference to which the applicable Eurodollar Rate or any other interest rate of a Loan is to be determined or (b) any category of extensions of credit or other assets which include Eurodollar Rate Loans, Eurodollar Rate Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation.  The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

58

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person.  Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower.
“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other similar master agreement relating to a transaction described in clause (a) (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.
“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

59

“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04.
“Swing Line Lender” means Barclays Bank PLC, in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.
“Swing Line Loan” has the meaning specified in Section 2.04(a).
“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit B.
“Swing Line Loan Prepayment Notice” means a notice of a prepayment of a Swing Line Loan pursuant to Section 2.05(a), which shall be substantially in the form of Exhibit A-4.
“Swing Line Sublimit” means an amount equal to $25,000,000. The Swing Line Sublimit is part of, and not in addition to, the Revolving Credit Facility.
“Syndication Agent” means BofA Securities, Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC, in their capacity as co-syndication agents.
“Tax and Related Distributions” means, for any taxable period for which the Borrower is a member of a consolidated, combined, unitary or similar tax group for U.S. federal and/or applicable state or local tax purposes, payments to discharge the consolidated, combined, unitary or similar Tax liabilities of such tax group when and as due, to the extent such liabilities are attributable to the income of the Borrower and/or any Restricted Subsidiary of the Borrower (or any Unrestricted Subsidiary of the Borrower to the extent such Unrestricted Subsidiary has distributed a corresponding amount to the Borrower or a Restricted Subsidiary), taking into account any carryovers of losses, excess interest deductions, and any available credits, in each case incurred on or following the Closing Date; provided that for each taxable period the amount of any such payment shall not be greater than the amount of such taxes that are reasonably expected to be due and payable by the Borrower and such Subsidiaries if the Borrower and such Subsidiaries filed a consolidated, combined, unitary or similar type tax return with the Borrower as the consolidated parent. 
“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
“Term Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Class and Type and, in the case of EurocurrencyEurodollar Rate Loans, having the same Interest Period made by each of the applicable Term Lenders.
“Term Commitment” means, as to each Term Lender, if the context so requires, its commitment to make other Term Loans pursuant to a Joinder Agreement or a Refinancing Amendment, as applicable.

60

“Term Lender” means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.
“Term Loan” means an Incremental Term Loan or Refinancing Term Loan, individually or collectively as the context may require.
“Term SOFR” means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.
“Threshold Amount” means $100,000,000.
“Total Net Leverage Ratio” means, with respect to any Measurement Period, the ratio of (a) Consolidated Funded Indebtedness (which shall be calculated net of the Unrestricted Cash Amount) as of the last day of such Measurement Period to (b) Consolidated EBITDA for the most recently completed Measurement Period, in each case, for the Borrower and its Restricted Subsidiaries. 
“Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations. 
“Total Revolving Credit Outstandings” means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.
“Trade Date” has the meaning specified in Section 10.06(h).
“Transactions” means, collectively, (a) the entering into by the Borrower and the other Loan Parties of the Loan Documents to which they are or are intended to be a party, (b) any initial Credit Extensions on the Closing Date and (c) the payment of the fees and expenses incurred in connection with the consummation of the foregoing.
“Type” means, with respect to a Loan, its character as a Base Rate Loan, a Eurodollar Rate Loan, a RFR Loan or a CDOR Rate Loan.
“UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York; provided that if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority.
“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

61

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.
“Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.
“United States” and “U.S.” mean the United States of America. 
“Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i).
“Unrestricted Cash Amount” means, as of any date of determination, the aggregate amount of (i) unrestricted cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries and (ii) cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries restricted in favor of, or pledged to, the Administrative Agent, any Lender or any L/C Issuer (in each case, in its capacity as such) whether or not held in an account pledged to the Administrative Agent, any Lender or any L/C Issuer. 
“Unrestricted Subsidiary” means any Subsidiary of the Borrower that is designated by the Borrower as an Unrestricted Subsidiary in accordance with Section 6.17, but only to the extent that such Subsidiary:
(a)has no Indebtedness other than Non-Recourse Debt;
(b)is not party to any agreement, contract, arrangement or understanding with the Borrower or any Restricted Subsidiary of the Borrower unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at the time from Persons who are not Affiliates of the Borrower;
(c)is a Person with respect to which neither the Borrower nor any of its Restricted Subsidiaries has any direct or indirect obligation (x) to subscribe for additional Equity Interests or (y) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified level of operating results; and
(d)has not guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of the Borrower or any of its Restricted Subsidiaries unless such guarantee or credit support is released upon its designation as an Unrestricted Subsidiary.
“U.S. Dollar” and “$” mean lawful money of the United States.
“U.S. Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in U.S. Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in U.S. Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Valuation Date) for the purchase of U.S. Dollars with such Alternative Currency.

62

“U.S. Person” means any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code.
“U.S. Tax Compliance Certificate” means a certificate substantially in the form of any of Exhibits H1 through H4, as the context requires.
“Valuation Date” means (i) the date two Business Days prior to the making, continuing or converting of any Revolving Credit Loan or the date of issuance, amendment or continuation of any Letter of Credit, (ii) the first Business Day of each calendar month, (iii) any other date reasonably designated by the Administrative Agent or an L/C Issuer in order to reasonably assure a correct exchange rate or (iv) any date that is as otherwise expressly provided for herein. 
“Voting Stock” means, with respect to any Person, the Equity Interests of such Person that is at the time entitled to vote in the election of the board of directors of such Person.
“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (i) the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment by (ii) the then outstanding principal amount of such Indebtedness; provided that for purposes of determining the Weighted Average Life to Maturity of any Indebtedness that is being modified, refinanced, refunded, renewed, replaced or extended (the “Applicable Indebtedness”), the effect of any prepayments made on such Applicable Indebtedness prior to the date of the applicable modification, refinancing, refunding, renewal, replacement or extension shall be disregarded.
“Write-Down and Conversion Powers” means (a) with respect to any EEA Resolution Authority, the write down and conversion powers of such EEA Resolution Authority from time to time under the Bail-in Legislation for the applicable EEA Member Country, which write down and conversion powers are described in the EU Bail-in Legislation Schedule and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.
“Withholding Agent” means any Loan Party and the Administrative Agent. 
Section 1.02Other Interpretive Provisions.  With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document:

63

(a)The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.  Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.  The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.”  The word “will” shall be construed to have the same meaning and effect as the word “shall.”  Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and permitted assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.
(b)In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including.”
(c)Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 
Section 1.03Accounting Terms. (a) Generally.  Subject to Section 1.03(b), all accounting terms not specifically or completely defined herein shall be construed in conformity with GAAP, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with GAAP, applied on a consistent basis, as in effect from time to time and applied in a manner consistent with that used in preparing the financial statements delivered under the Original Credit Agreement for the period ending September 30, 2019, except as otherwise specifically prescribed herein; provided that if at any time a change in GAAP occurs that would result in a change to the method of accounting for obligations relating to a lease that was accounted for by a Person as an operating lease as of September 30, 2019 (or any similar lease entered into after September 30, 2019 by such Person), such obligations shall be accounted for as obligations relating to an operating lease and not as a Capital Lease. 
(b)Changes in GAAP.  If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein.

64

(c)Indebtedness.  Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value”, as defined therein and (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. 
Section 1.04Rounding.  Any financial ratios required to be maintained or complied with by the Borrower pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).
Section 1.05Times of Day.  Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 
Section 1.06 Letter of Credit Amounts.  With respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.
Section 1.07Currency Equivalents Generally; Change of Currency.  For purposes of this Agreement and the other Loan Documents (other than Article 2, Article 9 and Article 10 hereof), where the permissibility of a transaction or determinations of required actions or circumstances depend upon compliance with, or are determined by reference to, amounts stated in U.S. Dollars, such amounts shall be deemed to refer to U.S. Dollars or U.S. Dollar Equivalents and any requisite currency translation shall be based on the Spot Rate in effect on the Business Day of such transaction or determination.  Notwithstanding the foregoing, for purposes of determining compliance with Sections 7.01, 7.02, and 7.03 with respect to any amount of Liens, Investment or Indebtedness in currencies other than U.S. Dollars, no Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Lien is created, Indebtedness is incurred or Investment is made.  Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify with the Borrower’s consent (not to be unreasonably withheld) to appropriately reflect a change in currency of any country and any relevant market conventions or practices relating to such change in currency.

65

Section 1.08Timing of Payment and Performance.  When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day.
Section 1.09Certain Calculations. 
(a)All pro forma calculations permitted or required to be made by the Borrower or any Restricted Subsidiary pursuant to this Agreement shall include only those adjustments that have been certified by a Responsible Officer of the Borrower as having been prepared in good faith based upon reasonably detailed written assumptions believed by the Borrower at the time of preparation to be reasonable and which are reasonably foreseeable.  Any ratio calculated hereunder that includes Consolidated EBITDA shall look to Consolidated EBITDA for the most recently completed Measurement Period.
(b)The pro forma Secured Net Leverage Ratio, Total Net Leverage Ratio and Consolidated Interest Coverage Ratio shall be calculated as follows:
(i)in the event that the Borrower or any Restricted Subsidiary incurs, assumes, guarantees, redeems, retires or extinguishes any Indebtedness subsequent to the last day of the Measurement Period for which such pro forma ratio is being calculated but on or prior to the date of the event for which the calculation of such pro forma ratio is being made (a “Ratio Calculation Date”), then such pro forma ratio shall be calculated as if such incurrence, assumption, guarantee, redemption, retirement or extinguishment of Indebtedness (and all other incurrences, assumptions, guarantees, redemptions, retirements or extinguishments of Indebtedness consummated since the last day of the applicable Measurement Period but on or prior to the Ratio Calculation Date) had occurred at the last day of the applicable Measurement Period; provided that (i) in the case of any incurrence of Indebtedness or establishment of any revolving credit or delayed draw commitments, (x) a borrowing of the maximum amount of Indebtedness available under such revolving credit or delayed draw commitments shall be assumed and (y) the cash proceeds of such incurred Indebtedness shall be excluded from amounts that may be netted in the calculation of the pro forma Secured Net Leverage Ratio or the pro forma Total Net Leverage Ratio, as applicable and (ii) the pro forma Consolidated Interest Charges for the applicable Measurement Period shall be calculated assuming such Indebtedness had been outstanding or repaid, as the case may be, since the first day and through the end of the applicable Measurement Period (taking into account any interest rate Swap Contracts applicable to such Indebtedness);
(ii)in the event that any Permitted Acquisitions or other permitted Investments in the nature of an acquisition are made subsequent to the last day of the applicable Measurement Period for which such pro forma ratio is being calculated but on or prior to the Ratio Calculation Date, then Consolidated EBITDA shall be (x) increased by an amount equal to the Consolidated EBITDA attributable to the property or Investment that is the subject of such Permitted Acquisition or other permitted Investment in the nature of an acquisition, in each case assuming such Permitted Acquisition or other permitted Investment in the nature of an acquisition had been made on the first day of the applicable Measurement Period and (y) otherwise calculated as set forth in the third paragraph of the definition of “Consolidated EBITDA” on a Pro Forma Basis;

66

(iii)in the event that Dispositions are made subsequent to the last day of the applicable Measurement Period for which such pro forma ratio is being calculated but on or prior to the relevant Ratio Calculation Date, then Consolidated EBITDA shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the property that is the subject of such Disposition or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto, in each case assuming such Disposition had been made on the first day of the applicable Measurement Period; and
(iv)for the avoidance of doubt, the cash used in connection with any transaction specified above shall be excluded from amounts that may be netted in the calculation of pro forma Secured Net Leverage Ratio or the pro forma Total Net Leverage Ratio, as applicable.
(c)Notwithstanding anything to the contrary in this Agreement, solely for the purpose of (A) measuring the relevant financial ratios and basket availability or pro forma compliance with any covenant with respect to the incurrence of any Indebtedness (including any Incremental Term Loans, Incremental Revolving Loans, Incremental Term Loan Commitments or Incremental Revolving Credit Commitments) or Liens or the making of any Investments (including the determination of whether an acquisition is a Permitted Acquisition) or Dispositions or the designation of any Subsidiary as a Restricted Subsidiary or an Unrestricted Subsidiary or (B) other than in connection with the incurrence of any Incremental Revolving Credit Commitments, any Other Revolving Commitments or any Revolving Credit Loans, determining compliance with representations and warranties or the occurrence of any Default or Event of Default, in each case, in connection with a Limited Condition Acquisition or the incurrence or payment of Indebtedness or incurrence of Liens in connection therewith, if the Borrower has made an LCA Election with respect to such Limited Condition Acquisition, the date of determination of whether any such action is permitted hereunder shall be deemed to be the date on which the definitive agreements for such Limited Condition Acquisition are entered into (the “LCA Test Date”), and if, after giving effect on a Pro Forma Basis to the Limited Condition Acquisition and the other transactions to be entered into in connection therewith as if they had occurred at the beginning of the most recently completed Measurement Period ending prior to the LCA Test Date, the Borrower could have taken such action on the relevant LCA Test Date in compliance with such financial ratio or basket, such financial ratio or basket shall be deemed to have been complied with.  If the Borrower has made an LCA Election for any Limited Condition Acquisition, then in connection with any subsequent calculation of any financial ratio or basket availability on or following the relevant LCA Test Date and prior to the earlier of (x) the date on which such Limited Condition Acquisition is consummated or (y) the date that the definitive agreement for such Limited Condition Acquisition is terminated or expires without consummation of such Limited Condition Acquisition, any such financial ratio or basket availability shall be calculated (and tested) on (A) a Pro Forma Basis assuming such Limited Condition Acquisition and other transactions in connection therewith (including any incurrence or payment of Indebtedness (and the use of proceeds of such Indebtedness) or the incurrence of any Liens in connection therewith) have been consummated until such time as the applicable Limited Condition Acquisition has actually closed or the definitive agreement with respect thereto has been terminated and (B) solely with respect to the making of any Restricted Payments, on a standalone basis without giving effect to such Limited Condition Acquisition and the other transactions in connection therewith.

67

(d)For purposes of determining compliance with Sections 7.01, 7.02, 7.03, 7.06 and 7.14, with respect to any grant of any Lien, the making of any Investment, the incurrence of any Indebtedness, the making of any Restricted Payment, or the prepayment, redemption, purchase, defeasement or satisfaction of Restricted Indebtedness (each, a “Covenant Transaction”) in reliance on a “basket” that makes reference to a percentage of Consolidated EBITDA or Consolidated Total Assets, as applicable, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in the amount of Consolidated EBITDA or Consolidated Total Assets, as applicable, occurring after the time such Covenant Transaction is incurred, granted or made in reliance on such provision. 
(e)For purposes of calculating any “net” ratio test utilized in any debt incurrence test (including any amounts permitted to be incurred pursuant to Section 2.14 and Section 7.03(s)), such ratio shall be calculated after giving effect to any such incurrence on a pro forma basis, and, in each case, with respect to any revolving credit or delayed draw commitments being established utilizing a debt incurrence test (including any Incremental Revolving Commitment), assuming a borrowing of the maximum amount of such revolving credit or delayed draw commitment (but for the avoidance of doubt, no other previously established revolving commitment), and such calculation shall be made excluding the cash proceeds from such incurrence from the amount of cash and Cash Equivalents that may be netted in the calculation of pro forma Secured Net Leverage Ratio or Total Net Leverage Ratio, as applicable.
(f)For purposes of determining compliance at any time with Section 7.01, Section 7.02, Section 7.03, Section 7.06 and Section 7.14, in the event that any Lien, Investment, Indebtedness, Restricted Payment or payment of Restricted Indebtedness, as applicable, meets the criteria of more than one of the categories of transactions within such covenant or items permitted pursuant to any clause of such Sections 7.01, 7.02, 7.03, 7.06 and 7.14, the Borrower, in its sole discretion, from time to time, may classify or reclassify such transaction or item (or portion thereof) and will only be required to include the amount and type of such transaction (or portion thereof) in any one category; provided that, notwithstanding the foregoing, Liens of the nature described in Sections 7.01(a) and (y) may only be incurred and exist under such respective sections, Indebtedness of the nature described in Section 7.03(a)(A) may only be incurred and exist under such Section, the Senior Notes described in Sections 7.03(a)(B) through (F) may only be incurred and exist under such respective Sections, Indebtedness of the nature described in Section 7.03(d) may only be incurred and exist under such Section and Incremental Equivalent Debt may only be incurred under Section 7.03(s).

68

Section 1.10Rates.  The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate” or with respect to any comparable or successor rate thereto.
Section 1.11Divisions.  For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.
ARTICLE 2.
THE COMMITMENTS AND CREDIT EXTENSIONS 
Section 2.01The Revolving Credit Borrowings. 
Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrower in U.S. Dollars or an Alternative Currency, in each case, from time to time, on any Business Day during the applicable Availability Period for the Revolving Credit Facility under which such Revolving Credit Lender has a Revolving Credit Commitment, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all L/C Obligations plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment.  Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01.  Revolving Credit Loans (xv) denominated in U.S. Dollars may be Base Rate Loans or Eurodollar Rate Loans and, (yx) denominated in an Alternative Currency, other than Pounds Sterling and Canadian Dollars, shall be Eurodollar Rate Loans, (y) denominated in Canadian Dollars, shall be CDOR Rate Loans and (z) denominated in Pounds Sterling shall be RFR Loans, in each case, as further provided herein. 

69

Section 2.02Borrowings, Conversions and Continuations of Loans.
(a)Each Borrowing, each conversion of Term Loans or Revolving Credit Loans from one Type to the other, and each continuation of Eurodollar Rate Loans or CDOR Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by “pdf” or similar electronic format, in the form of a Committed Loan Notice or a Conversion/Continuation Notice, as applicable (each, a “Notice”).  Each such Notice must be received by the Administrative Agent not later than (i) 11:00 a.m. three Business Days prior to the requested date of any Borrowing or continuation of Eurodollar Rate Loans, RFR Loans or CDOR Rate Loans or of any conversion of or conversion to Eurodollar Rate Loans and (ii) 11:00 a.m. one Business Day prior to the requested date of any Borrowing of Base Rate Loans.  Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans or Borrowing or continuation of RFR Loans or CDOR Rate Loans shall be in a minimum principal amount of $5,000,000 and whole multiples of $1,000,000 in excess thereof.  Except as provided in Sections 2.03(c) and 2.04(b), each Borrowing of or conversion to Base Rate Loans shall be in a minimum principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof.  Each Notice shall specify, as applicable, (1) whether the Borrower is requesting a Term Borrowing, a Revolving Credit Borrowing, a conversion of Term Loans or Revolving Credit Loans from one Type to the other, or a continuation of Eurodollar Rate Loans or CDOR Rate Loans, and in each case, the Class of the relevant Loans and Borrowings, (2) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (3) the principal amount of Loans to be borrowed, converted or continued, (4) the Type of Loans to be borrowed or to which existing Term Loans or Revolving Credit Loans are to be converted, (5) if applicable, the duration of the applicable Interest Period with respect thereto and (6) in the case of Revolving Credit Borrowings or Revolving Credit Loans, the currency of the Loans to be borrowed, continued or converted (provided, that if the Borrower shall fail to so specify, the applicable Revolving Credit Borrowing shall be denominated in U.S. Dollars).  With respect to Loans denominated in U.S. Dollars, if the Borrower fails to specify a Type of Loan in a Committed Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans.  Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans.  If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans or a Borrowing or continuation of CDOR Rate Loans in any such Committed Loan Notice or Conversion/Continuation Notice, as applicable, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.  If the Borrower fails to give a timely notice requesting a continuation of Eurodollar Rate Loans (other than Loans denominated in U.S. Dollars) or CDOR Rate Loans, then the Interest Period applicable to the Loans will be deemed to be an Interest Period of one month.  No Loan may be converted into or continued as a Loan denominated in a different currency, but instead must be repaid or prepaid in the original currency of such Loan and reborrowed in such other currency.  Notwithstanding anything to the contrary herein, a Swing Line Loan must be denominated in U.S. Dollars and may not be converted to a Eurodollar Rate Loan, RFR Loan or CDOR Rate Loan. 

70

(b)Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Appropriate Lender of the amount of its Applicable Percentage under the applicable Facility of the applicable Term Loans or Revolving Credit Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans described in Section 2.02(a).  In the case of a Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office not later than 12:00 p.m., in the case of any Eurodollar Rate Loan, RFR Loans, CDOR Rate Loan or Base Rate Loan on the Business Day specified in the applicable Committed Loan Notice.  Upon satisfaction of the applicable conditions set forth in Section 4.02 (or, if such Borrowing is to be made on the Closing Date, Section 4.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent by wire transfer of such funds in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date a Committed Loan Notice with respect to a Revolving Credit Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of such Revolving Credit Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrower as provided above. 
(c)Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted and a CDOR Rate Loan may be continued, in each case, only on the last day of an Interest Period for such Eurodollar Rate Loan or such CDOR Rate Loan, as applicable. During the existence of an Event of Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans or CDOR Rate Loans without the consent of the Required Facility Lenders with respect to the relevant Facility.
(d)The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period for Eurodollar Rate Loans or CDOR Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in the Prime Rate used in determining the Base Rate promptly following the public announcement of such change.
(e)After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than fifteen (15) Interest Periods in effect at any one time. 
Section 2.03Letters of Credit. 
(a)The Letter of Credit Commitment.  

71

(i)Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon the agreements of the Revolving Credit Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit denominated in U.S. Dollars or, if the applicable L/C Issuer shall agree, in one or more Alternative Currencies for the account of the Borrower (or any of its Restricted Subsidiaries (i) so long as (x) the Borrower is a joint and several co-applicant and (y) the applicable L/C Issuer shall have received all documentation and other information with respect to such Restricted Subsidiary that such L/C Issuer reasonably determines is necessary in order to allow such L/C Issuer to comply with applicable “know your customer” and anti-money laundering rules and regulations, including the Act and (ii) references to the “Borrower” in this Section 2.03 and elsewhere in this Agreement with respect to requests for Letters of Credit (including renewals or continuations thereof) shall be deemed to include any such Restricted Subsidiary), and to amend or extend Letters of Credit previously issued by it, in accordance with Section 2.03(b), and (2) to honor drawings under the Letters of Credit issued by it; and (B) the Revolving Credit Lenders severally agree to participate in Letters of Credit issued for the account of the Borrower and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (w) the Total Revolving Credit Outstandings shall not exceed the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time, (x) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender, plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment, (y) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit and (z) the aggregate amount of L/C Obligations owing to an L/C Issuer shall not exceed the amount set forth opposite such L/C Issuer’s name on Schedule 2.01 (as such Schedule may be amended with the consent of each affected L/C Issuer and the Borrower from time to time) under the caption “Letter of Credit Commitments” (provided that this clause (z) shall not apply to any Existing Letter of Credit) and no L/C Issuer shall be required to issue Letters of Credit in excess of its applicable amount so set forth; provided that it is understood and agreed that each L/C Issuer may, in its sole discretion, make L/C Credit Extensions in an aggregate amount above its respective share of the Letter of Credit Sublimit.  Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence.  Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
(ii)No L/C Issuer shall issue any Letter of Credit if:
(A)subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve months after the date of issuance or last extension, unless the Required Revolving Credit Lenders have approved such expiry date; or

72

(B)the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless such Letter of Credit is Cash Collateralized no less than fifteen (15) days prior to the Letter of Credit Expiration Date at 105% of the face amount thereof.
(iii)No L/C Issuer shall be under any obligation to issue any Letter of Credit if:
(A)any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit, or request that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such L/C Issuer in good faith deems material to it; 
(B)the issuance of such Letter of Credit would violate one or more policies of such L/C Issuer applicable to letters of credit generally; 
(C)except as otherwise agreed by the Administrative Agent and such L/C Issuer, such Letter of Credit is in an initial stated amount less than $100,000 (provided such initial minimum amount shall not apply to any Existing Letter of Credit); 
(D)except as otherwise agreed by such L/C Issuer, such Letter of Credit is to be denominated in a currency other than U.S. Dollars or an Alternative Currency; or
(E)    any Revolving Credit Lender is at that time a Defaulting Lender, unless such L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to such L/C Issuer (in its sole discretion) with the Borrower or such Revolving Credit Lender to eliminate such L/C Issuer’s actual or potential Fronting Exposure (after giving effect to any required adjustment pursuant to Section 2.16(a)(iv)) with respect to the Defaulting Lender arising from the Letter of Credit then proposed to be issued and all other L/C Obligations as to which such L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion.

73

(iv)No L/C Issuer shall amend any Letter of Credit if such L/C Issuer would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof.
(v)No L/C Issuer shall be under any obligation to amend any Letter of Credit if (A) such L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.
(vi)Each L/C Issuer shall act on behalf of the Revolving Credit Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and each L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article 9 hereof with respect to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and the Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article 9 hereof included such L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuers.
(b)Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower.  Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than (x) in the case of Letters of Credit denominated in U.S. Dollars, 12:00 p.m. at least three Business Days (or such other date and time as the Administrative Agent and the applicable L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be and (y) in the case of Letters of Credit denominated in an Alternative Currency, 12:00 p.m. at least five Business Days (or such other date and time as the Administrative Agent and the applicable L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.  In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; (H) the requested currency of the requested Letter of Credit (which shall be U.S. Dollars or an Alternative Currency); provided that if the currency is not specified, the requested currency of the requested Letter of Credit shall be deemed to be U.S. Dollars; and (I) such other matters as the applicable L/C Issuer may reasonably require.  In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the applicable L/C Issuer may reasonably require.  Additionally, the Borrower shall furnish to the applicable L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the applicable L/C Issuer or the Administrative Agent may reasonably require.

74

(ii)Promptly after receipt of any Letter of Credit Application, the applicable L/C Issuer will confirm with the Administrative Agent (in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, the applicable L/C Issuer will provide the Administrative Agent with a copy thereof.  Unless the applicable L/C Issuer has received written notice from any Revolving Credit Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article 4 hereof shall not then be satisfied, then, subject to the terms and conditions hereof, the applicable L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with the applicable L/C Issuer’s usual and customary business practices.  Immediately upon the issuance of each Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Revolving Credit Lender’s Applicable Revolving Credit Percentage times the amount of such Letter of Credit.
(iii)If the Borrower so requests in any applicable Letter of Credit Application, the applicable L/C Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that, unless otherwise agreed to by the applicable L/C Issuer, any such Auto-Extension Letter of Credit must permit the applicable L/C Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued.  Unless otherwise directed by the applicable L/C Issuer, the Borrower shall not be required to make a specific request to the applicable L/C Issuer for any such extension.  Once an Auto-Extension Letter of Credit has been issued, the Revolving Credit Lenders shall be deemed to have authorized (but may not require) the applicable L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date unless such Letter of Credit is Cash Collateralized at 105% of the face amount thereof in accordance with this Agreement; provided, however, that the applicable L/C Issuer shall not permit any such extension if (A) the applicable L/C Issuer has determined that it would not be permitted, or would have no obligation at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clause (i) or (ii) of Section 2.03(a) or otherwise), or (B) it has received notice (in writing) on or before the day that is seven days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required Revolving Credit Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Revolving Credit Lender or the Borrower that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in each such case directing the applicable L/C Issuer not to permit such extension.

75

(iv)Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the applicable L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment.
(c)Drawings and Reimbursements; Funding of Participations. 
(i)Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable L/C Issuer shall notify the Borrower and the Administrative Agent thereof.  In the case of a Letter of Credit denominated in an Alternative Currency, the Borrower shall reimburse the applicable L/C Issuer in U.S. Dollars.  In the case of any such reimbursement in U.S. Dollars of a drawing as of the applicable Valuation Date under a Letter of Credit denominated in an Alternative Currency, the applicable L/C Issuer shall notify the Borrower of the U.S. Dollar Equivalent of the amount of the drawing promptly following the determination thereof.  Not later than 11:00 a.m. on the next Business Day following any payment by the applicable L/C Issuer under a Letter of Credit (or on the second Business Day following any payment by the applicable L/C Issuer if such notice is delivered to the Borrower after 11:00 a.m. on the date of any such payment) (each such applicable date, an “Honor Date”), the Borrower shall reimburse the applicable L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing as provided in this Section 2.03(c).  If the Borrower fails to so reimburse the applicable L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of the unreimbursed drawing (in U.S. Dollars in the case of a Letter of Credit denominated in U.S. Dollars, and expressed, in the case of a Letter of Credit denominated in an Alternative Currency, in U.S. Dollars in the amount of the U.S. Dollar Equivalent thereof (the “Unreimbursed Amount”)), and the amount of such Revolving Credit Lender’s Applicable Revolving Credit Percentage thereof.  In such event, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Credit Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice). 
(ii)Each Revolving Credit Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the applicable L/C Issuer at the Administrative Agent’s Office in an amount equal to its Applicable Revolving Credit Percentage of the Unreimbursed Amount not later than 12:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount.  The Administrative Agent shall remit the funds so received to the applicable L/C Issuer in U.S. Dollars.

76

(iii)With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice) cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate.  In such event, each Revolving Credit Lender’s payment to the Administrative Agent for the account of the applicable L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Revolving Credit Lender in satisfaction of its participation obligation under this Section 2.03.
(iv)Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Revolving Credit Lender’s Applicable Revolving Credit Percentage of such amount shall be solely for the account of the applicable L/C Issuer.
(v)Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C Advances to reimburse the applicable L/C Issuer for amounts drawn under Letters of Credit issued by it, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the applicable L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Committed Loan Notice).  No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the applicable L/C Issuer for the amount of any payment made by the applicable L/C Issuer under any Letter of Credit, together with interest as provided herein.
(vi)If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the applicable L/C Issuer any amount required to be paid by such Revolving Credit Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), the applicable L/C Issuer shall be entitled to recover from such Revolving Credit Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the applicable L/C Issuer at a rate per annum equal to the greater of the Federal Funds Effective Rate and a rate determined by the applicable L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the applicable L/C Issuer in connection with the foregoing.  If such Revolving Credit Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving Credit Lender’s Revolving Credit Loan included in the relevant Revolving Credit Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be.  A certificate of the applicable L/C Issuer submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error.

77

(d)Repayment of Participations. 
(i)At any time after the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the applicable L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will promptly distribute to such Revolving Credit Lender its Applicable Revolving Credit Percentage thereof in the same funds as those received by the Administrative Agent.
(ii)If any payment received by the Administrative Agent for the account of the applicable L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the applicable L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of the applicable L/C Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect.  The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations, the termination of the Commitments and the termination of this Agreement.
(e)Obligations Absolute.  The obligation of the Borrower to reimburse the applicable L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following:
(i)any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document;

78

(ii)the existence of any claim, counterclaim, setoff, defense or other right that the Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the applicable L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;
(iii)any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit;
(iv)any payment by the applicable L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the applicable L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 
(v)any adverse change in the relevant exchange rates or in the availability of the relevant Alternative Currency to the Borrower or any Subsidiary or in the relevant currency markets generally; or
(vi)any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or any of its Subsidiaries.
The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will promptly notify the applicable L/C Issuer.  The Borrower shall be conclusively deemed to have waived any such claim against the applicable L/C Issuer and its correspondents unless such notice is given as aforesaid or such claim arises from the applicable L/C Issuer’s gross negligence or willful misconduct (as determined by a final non-appealable order of a court of competent jurisdiction).

79

(f)Role of L/C Issuer.  Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the applicable L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.  None of the L/C Issuers, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Revolving Credit Lenders or the Required Revolving Credit Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct (as determined by a final non-appealable order of a court of competent jurisdiction); or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document.  The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.  None of the L/C Issuers, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (vi) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against an L/C Issuer, and an L/C Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which are determined by a final non-appealable order of a court of competent jurisdiction to have been caused by such L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit.  In furtherance and not in limitation of the foregoing, any L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and the L/C Issuers shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.
(g)Applicability of ISP.  Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrower when a Letter of Credit is issued, the rules of the ISP shall apply to each Letter of Credit.
(h)Letter of Credit Fees.  The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage of the applicable Revolving Credit Facility, in U.S. Dollars, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate of the applicable Revolving Credit Facility times the U.S. Dollar Equivalent determined as of the last Business Day of each March, June, September and December of the daily amount available to be drawn under such Letter of Credit; provided that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable L/C Issuer shall be payable, to the maximum extent permitted by applicable Law, to the other Revolving Credit Lenders in accordance with the upward adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.16(a)(iv), with the balance of such fee, if any, payable to the applicable L/C Issuer for its own account.  For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06.  Letter of Credit Fees shall be (i) due and payable on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears.  If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

80

(i)Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer.  The Borrower shall pay directly to the applicable L/C Issuer for its own account, in U.S. Dollars, a fronting fee with respect to each Letter of Credit issued by such L/C Issuer, at a rate per annum of 0.125%, computed on the U.S. Dollar Equivalent determined as of the last Business Day of each March, June, September and December of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears.  Such fronting fee shall be due and payable on the last Business Day of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.  For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06.  In addition, the Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect.  Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.
(j)Conflict with Issuer Documents.  In the event of any conflict or inconsistency between the terms hereof and the terms of any Issuer Document, the terms hereof shall control.  To the extent any defaults, representations, or covenants contained in any Issuer Documents are more restrictive than the Events of Default, representations, or covenants contained herein, the Events of Default, representations and covenants herein shall control.
(k)Provisions Related to Letters of Credit in respect of Other Revolving Commitments.  If the Letter of Credit Expiration Date in respect of any Class of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the L/C Issuer which issued such Letter of Credit, if one or more other Classes of Revolving Credit Commitments in respect of which the Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which the applicable L/C Issuer has consented shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections 2.03(c) and 2.03(d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating Classes up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Credit Commitments thereunder at such time and (ii) to the extent not reallocated pursuant to the immediately preceding clause (i), the Borrower shall Cash Collateralize any such Letter of Credit in accordance with the terms hereof.  Upon the maturity date of any Class of Revolving Credit Commitments, the Letter of Credit Sublimit may be reduced as agreed between the L/C Issuers and the Borrower, without the consent of any other Person.

81

(l)Additional L/C Issuers.  The Borrower may, at any time and from time to time, designate one or more additional Revolving Credit Lenders or Affiliates of Revolving Credit Lenders to act as an L/C Issuer under the terms of this Agreement, with the consent of each of the Administrative Agent (which consent shall not be unreasonably withheld) and such Revolving Credit Lender(s) or Affiliate thereof.  Any Revolving Credit Lender or Affiliate thereof designated as an L/C Issuer pursuant to this Section 2.03(l) shall be deemed to be the L/C Issuer with respect to Letters of Credit issued or to be issued by such Revolving Credit Lender or Affiliate thereof, and all references herein and in the other Loan Documents to the term “L/C Issuer” shall, with respect to such Letters of Credit, be deemed to refer to such Revolving Credit Lender or Affiliate thereof in its capacity as L/C Issuer thereof, as the context shall require. 
(m)Reporting.  Not later than the third Business Day following the last day of each calendar month (or at such other intervals as the Administrative Agent and the applicable L/C Issuer shall agree), each L/C Issuer shall provide to the Administrative Agent a schedule of the Letters of Credit issued by it, in form and substance reasonably satisfactory to the Administrative Agent, showing the date of issuance of each Letter of Credit, the account party, the original face amount (if any), the expiration date, and the reference number of any Letter of Credit outstanding at any time during such month, and showing the aggregate amount (if any) paid or payable by the Borrower to such L/C Issuer during such month.
Section 2.04Swing Line Loans.
(a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line Lender, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, may in its sole discretion make loans (each such loan, a “Swing Line Loan”) to the Borrower from time to time in U.S. Dollars on any Business Day during the Availability Period with respect to the Original Revolving Credit Facility (or, in the Swing Line Lender’s sole discretion, during the Availability Period for any later maturing Revolving Credit Facility) in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Revolving Credit Percentage of the Outstanding Amount of Revolving Credit Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any Swing Line Loan, (i) the Total Revolving Credit Outstandings shall not exceed the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time, and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender at such time, plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all L/C Obligations at such time, plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all Swing Line Loans at such time shall not exceed such Lender’s Revolving Credit Commitment, and provided, further, that the Borrower shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan. Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04.  Each Swing Line Loan shall bear interest only at a rate based on the Base Rate. Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Revolving Credit Lender’s Applicable Revolving Credit Percentage times the amount of such Swing Line Loan.

82

(b)Borrowing Procedures.  Each Swing Line Borrowing shall be made upon the Borrower’s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by “pdf” or similar electronic format. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 12:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $500,000 and whole multiples of $100,000 in excess of that amount, and (ii) the requested borrowing date, which shall be a Business Day. Unless the Swing Line Lender has received notice from the Administrative Agent (including at the request of any Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article 4 is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 2:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower by wire transfer of such funds in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower.
(c)Refinancing of Swing Line Loans.  
(i)The Swing Line Lender at any time in its sole and absolute discretion may request, and shall on the date ten Business Days after any Swing Line Loan is made automatically be deemed to have requested, on behalf of the Borrower (which hereby irrevocably authorizes the Swing Line Lender to so request on its behalf), that each Revolving Credit Lender make a Base Rate Loan in an amount equal to such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Revolving Credit Facility and the conditions set forth in Section 4.02. The Swing Line Lender shall furnish the Borrower with a copy of the applicable Committed Loan Notice promptly after delivering such notice to the Administrative Agent. Each Revolving Credit Lender shall make an amount equal to its Applicable Revolving Credit Percentage of the amount specified in such Committed Loan Notice available to the Administrative Agent in U.S. Dollars in Same Day Funds (and the Administrative Agent may apply Cash Collateral available with respect to the applicable Swing Line Loan) for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 12:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the Swing Line Lender.

83

(ii)If for any reason any Swing Line Loan cannot be refinanced by such a Revolving Credit Borrowing in accordance with Section 2.04(c)(i), the request (or, if no request has been submitted, the deemed request) for Base Rate Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Revolving Credit Lenders fund its risk participation in the relevant Swing Line Loan and each Revolving Credit Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation.
(iii)If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the Swing Line Lender any amount required to be paid by such Revolving Credit Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Revolving Credit Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Effective Rate and a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Swing Line Lender in connection with the foregoing. If such Revolving Credit Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving Credit Lender’s Revolving Credit Loan included in the relevant Revolving Credit Borrowing or funded participation in the relevant Swing Line Loan, as the case may be. A certificate of the Swing Line Lender submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.
(iv)Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Revolving Credit Lender may have against the Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans, together with interest as provided herein.

84

(d)Repayment of Participations.  
(i)At any time after any Revolving Credit Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Revolving Credit Lender its Applicable Revolving Credit Percentage thereof in the same funds as those received by the Swing Line Lender.
(ii)If any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Revolving Credit Lender shall pay to the Swing Line Lender its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Effective Rate. The Administrative Agent will make such demand upon the request of the Swing Line Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.
(e)Interest for Account of Swing Line Lender. Until each Revolving Credit Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Credit Lender’s Applicable Revolving Credit Percentage of any Swing Line Loan, interest in respect of such Applicable Revolving Credit Percentage shall be solely for the account of the Swing Line Lender.
(f)Payments Directly to Swing Line Lender. The Borrower shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.
Section 2.05Prepayments. 
(a)Optional.  
(i)The Borrower may, upon notice in the form of a Prepayment Notice delivered to the Administrative Agent, at any time or from time to time voluntarily prepay Term Loans or Revolving Credit Loans in whole or in part without premium or penalty (other than, (x) in the case of any Eurodollar Rate Loan, any amounts required pursuant to Section 3.05 and (y) in the case of any Term Loans, any premium contained in the applicable Joinder Agreement or Refinancing Amendment); provided that (A) such notice must be received by the Administrative Agent not later than 12:00 p.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans, RFR Loans or CDOR Rate Loans and (2) one Business Day prior to any date of prepayment of Base Rate Loans; (B) any prepayment of Eurodollar Rate Loans, RFR Loans and CDOR Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (C) any prepayment of Base Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding.  Each such notice shall specify (i) the date and amount of such prepayment and (ii) the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans or CDOR Rate Loans are to be prepaid, the Interest Period(s) of such Loans.  The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s Applicable Percentage in respect of the relevant Facility).  If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.  Any voluntary prepayment of a Loan pursuant to this Section 2.05(a)(i) shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts if required pursuant to Section 3.05.  Each such prepayment of any outstanding Term Loans pursuant to this Section 2.05(a)(i) shall be applied as between Facilities as directed by the Borrower and, within any given Facility, shall be applied as directed by the Borrower to the installments thereof (or, if no such direction is provided, in direct order of maturity).  Subject to Section 2.16, all payments made pursuant to this Section 2.05(a)(i) shall be applied on a pro rata basis to each 
85

Lender holding Loans of the applicable Facility being prepaid in accordance with the principal amount of the applicable Term Loans held thereby.
(ii)The Borrower may, upon notice in the form of a Swing Line Loan Prepayment Notice delivered to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (A) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 12:00 p.m. on the date of the prepayment, and (B) any such prepayment shall be in a minimum principal amount of $500,000 and in integral multiples of $100,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.
(b)Mandatory. 
(i)Upon the incurrence or issuance by the Borrower or any of its Restricted Subsidiaries of any Indebtedness (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.03 (except Credit Agreement Refinancing Indebtedness)), the Borrower shall prepay (or Cash Collateralize, as applicable) an aggregate principal amount of Pro Rata Obligations equal to 100% of the gross cash proceeds received by the Borrower or any of its Restricted Subsidiaries from any such Indebtedness less all reasonable and customary out-of-pocket legal, underwriting and other fees, costs and expenses incurred or reasonably anticipated to be incurred within 90 days thereof in connection therewith, within one Business Day following receipt thereof by the Borrower or such Restricted Subsidiary (such prepayments (or Cash Collateralization) to be applied as set forth in clauses (iii) and (v) below).

86

(ii)[reserved]; 
(iii)Subject to the next sentence, each prepayment (or Cash Collateralization, as applicable) of Pro Rata Obligations pursuant to this Section 2.05(b) shall be applied, first, to the Term Loans held by all Term Lenders in accordance with their Applicable Percentages (allocated pro rata as among the Term Loans and to each Term Lender on a pro rata basis in accordance with the principal amount of the applicable Term Loans held thereby and to scheduled amortization payments in direct order of maturity), second, any excess after the application of such proceeds in accordance with clause first above, to the Revolving Credit Facility in the manner set forth in clause (v) of this Section 2.05(b) and third, any excess after the application of such proceeds in accordance with clauses first and second above may be retained by the Borrower.  Except with respect to Term Loans incurred in connection with any Refinancing Amendment or any Joinder Agreement (which, in each case, may be prepaid on a less than pro rata basis if expressly provided for in such Refinancing Amendment or Joinder Agreement), each prepayment pursuant to this Section 2.05(b) shall be applied ratably to each Class of Loans then outstanding entitled to payment pursuant to the prior sentence (provided that any prepayment of Loans with the Net Proceeds of Credit Agreement Refinancing Indebtedness shall be applied solely to each applicable Class of Refinanced Debt).  Any prepayment of a Loan pursuant to this Section 2.05(b) shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.
(iv)If for any reason the Total Revolving Credit Outstandings at any time exceed the Revolving Credit Commitments at such time (including, for the avoidance of doubt, as a result of the termination of any Class of Commitments on the Maturity Date with respect thereto), the Borrower shall immediately prepay Revolving Credit Loans, Swing Line Loans and L/C Borrowings and/or Cash Collateralize the L/C Obligations (other than the L/C Borrowings) (in an aggregate amount equal to 105% of the face amount thereof) in an aggregate amount sufficient to reduce the Total Revolving Credit Outstandings to the aggregate Revolving Credit Commitments.  If for any reason the Outstanding Amount of L/C Obligations at any time exceed the Letter of Credit Sublimit at such time, the Borrower shall immediately prepay L/C Borrowings and/or Cash Collateralize the L/C Obligations in an aggregate amount sufficient to reduce the Outstanding Amount of L/C Obligations to the Letter of Credit Sublimit. If for any reason the Outstanding Amount of Swing Line Loans at any time exceeds the Swing Line Sublimit at such time, the Borrower shall immediately prepay Swing Line Loans in an aggregate amount sufficient to reduce the Outstanding Amount of Swing Line Loans to the Swing Line Sublimit.
(v)Prepayments of the Revolving Credit Facilities made pursuant to this Section 2.05(b), first, shall be applied ratably to the L/C Borrowings and the Swing Line Loans, second, shall be applied ratably to the outstanding Revolving Credit Loans held by all Revolving Credit Lenders in accordance with their Applicable Revolving Credit Percentages, and, third, shall be used to Cash Collateralize the remaining L/C Obligations.  Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrower or any other Loan Party) to reimburse the applicable L/C Issuer or the Revolving Credit Lenders, as applicable.  Prepayments of the Revolving Credit Facilities made pursuant to this Section 2.05(b) shall be applied ratably to the outstanding Revolving Credit Loans.  Amounts to be applied pursuant to this Section 2.05(b) to the mandatory prepayment of Term Loans and Revolving Credit Loans shall be applied, as applicable, first to reduce outstanding Base Rate Loans and any amounts remaining after such application shall be applied as directed by the Borrower to prepay Eurodollar Rate Loans, RFR Loans or CDOR Rate Loans. 

87

(vi)In the event that there are any Term Loans outstanding, each Term Lender may elect, by notice to the Administrative Agent at or prior to the time and in the manner specified by the Administrative Agent, prior to any prepayment of Term Loans required to be made by the Borrower pursuant to any mandatory prepayment provisions relating to asset sale proceeds, excess cash flow, insurance proceeds or condemnation proceeds set forth in any Joinder Agreement pursuant to which any Incremental Term Loan Commitments are established or any Incremental Term Loans are made), to decline all (but not a portion) of its Applicable Percentage of such prepayment (such declined amounts, the “Declined Proceeds”).  Any Term Lender declining such prepayment shall give written notice thereof to the Administrative Agent by 11:00 a.m. no later than one (1) Business Day after the date of such notice from the Administrative Agent.  If a Lender fails to deliver a notice of election declining receipt of its Applicable Percentage of such mandatory prepayment to the Administrative Agent within the time frame specified above, any such failure will be deemed to constitute an acceptance of such Lender’s Applicable Percentage of the total amount of such mandatory prepayment of Term Loans. 
Section 2.06Termination or Reduction of Commitments.  (a) Optional.  The Borrower may, upon notice to the Administrative Agent, terminate any Revolving Credit Facility (subject to the terms of Section 2.17), the Letter of Credit Sublimit or the Swing Line Sublimit, or from time to time permanently reduce the Revolving Credit Commitments of any Class (subject to the terms of Section 2.17), the Letter of Credit Sublimit or the Swing Line Sublimit; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (iii) the Borrower shall not terminate or reduce (A) the Revolving Credit Facilities if, after giving effect thereto and to any concurrent prepayments of the Revolving Credit Facilities hereunder, the Total Revolving Credit Outstandings would exceed the Revolving Credit Facilities, (B) any Revolving Credit Facility if, after giving effect thereto and to any concurrent prepayments of such Revolving Credit Facility hereunder, the Total Revolving Credit Outstandings in respect of such Revolving Credit Facility would exceed such Revolving Credit Facility, (C) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations would exceed the Letter of Credit Sublimit or (D) the Swing Line Sublimit if, after giving effect thereto and to any concurrent prepayments of Swing Line Loans hereunder, the Outstanding Amount of Swing Line Loans would exceed the Swing Line Sublimit.

88

(b)Mandatory. If after giving effect to any reduction or termination of Revolving Credit Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Credit Facility at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
(c)Application of Commitment Reductions; Payment of Fees.  The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, the Swing Line Sublimit or the Revolving Credit Commitments under this Section 2.06.  Upon any reduction of any Revolving Credit Commitments, the Revolving Credit Commitments of each applicable Revolving Credit Lender shall be reduced by such Revolving Credit Lender’s Applicable Revolving Credit Percentage of such reduction amount.  All fees in respect of any Revolving Credit Facility accrued until the effective date of any termination of such Revolving Credit Commitments shall be paid on the effective date of such termination.
Section 2.07Repayment of Loans. 
(a)Incremental Term Loans.  In the event any Incremental Term Loans or Refinancing Term Loans are made, such Incremental Term Loans or Refinancing Term Loans shall be repaid in the amounts and dates set forth in the applicable Joinder Agreement or Refinancing Amendment with respect thereto and on the applicable Maturity Date thereof.  All payments made pursuant to this Section 2.07(a) shall be applied on a pro rata basis to each Term Lender holding Term Loans of the applicable Facility or Class being repaid.
(b)Revolving Credit Loans.  The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date.
(c)Swing Line Loans.  The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date that is ten Business Days after such Loan is made and (ii) the later to occur of (x) the Maturity Date for the Original Revolving Credit Facility and (y) if the Swing Line Lender has, in its sole discretion, extended the maturity date of the Swing Line Loans to coincide with that of a later maturing Revolving Credit Facility, such later maturity date.
Section 2.08Interest. 
(a)Subject to the provisions of Section 2.08(b), (i) each Eurodollar Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate for Eurodollar Rate Loans under such Facility, (ii) each Base Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for Base Rate Loans under such Facility, (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for the Original Revolving Credit Facility (or, if Swing Line Loans are provided following the maturity of the Original Revolving Credit Facility, the Base Rate plus the Applicable Rate for another later maturing Revolving Credit Facility selected by the Swing Line Lender and the Borrower) and, (iv) each CDOR Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the CDOR Rate for such Interest Period plus the Applicable Rate for CDOR Rate Loans. and (v) each RFR Loan under a Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Daily Simple SONIA plus the Applicable Rate for RFR Loans under such Facility.

89

(b)(i) Automatically, upon the occurrence and while any Event of Default as described in Section 8.01(a), 8.01(f) or 8.01(g) exists, the Borrower shall pay interest on all overdue amounts then outstanding hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 
(ii)Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.
(c)Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein.  Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.
Section 2.09Fees.  In addition to certain fees described in Sections 2.03(h) and (i):
(a)Commitment Fee.  The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Applicable Percentage of the applicable Revolving Credit Facility, a commitment fee in U.S. Dollars equal to the Commitment Fee Rate with respect to the applicable Revolving Credit Facility under which such Revolving Credit Lender has a Revolving Credit Commitment times the actual daily amount by which the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments exceeds the sum of (i) the Outstanding Amount of Revolving Credit Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.16.  The commitment fee shall accrue at all times from the Closing Date until the applicable Maturity Date for the applicable Revolving Credit Commitments, including at any time during which one or more of the conditions in Section 4.02 is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur following the Closing Date and on the applicable Maturity Date for the applicable Revolving Credit Commitments.  The commitment fee shall be calculated quarterly in arrears. 

90

(b)Administrative Agent Fee.  The Borrower agrees to pay to the Administrative Agent, for its own account, the fees set forth in the Agency Fee Letter and such other fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent.
(c)Other Fees.  The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement as a Lender on the Closing Date, as fee compensation for the funding of such Lender’s funded and unfunded Revolving Credit Commitments, a closing fee in an amount separately agreed to by the Borrower and the Arrangers for the benefit of such Lenders on the Closing Date, payable to such Lender from the proceeds of the Revolving Credit Loans as and when funded on the Closing Date.  Such closing fee shall be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter.
Section 2.10Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. 
(a)All computations of interest for Base Rate Loans based on the Prime Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.  All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year) or, in the case of interest in respect of Revolving Credit Loans denominated in Alternative Currencies, the applicable market practice for such Alternative Currency, which shall be either on the basis of a year of a 365 or 366 days or a 360-day year (it being understood that, in the case of interest computed by reference to the Daily Simple SONIA, such interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year)).  Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, notwithstanding Section 2.12(a), bear interest for one day.  Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
(b)If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the Borrower, the Administrative Agent or the Required Lenders determine that (i) the Secured Net Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Secured Net Leverage Ratio would have resulted in higher pricing for such period, the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders or the applicable L/C Issuer, as the case may be, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent, any Lender or any L/C Issuer), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period.  This paragraph shall not limit the rights of the Administrative Agent, any Lender or any L/C Issuer, as the case may be, under Sections 2.03(h), 2.08(b), 2.09(a) or under Article 8.  The Borrower’s obligations under this Section 2.10(b) shall survive the termination of the Aggregate Commitments and the repayment of all other Obligations hereunder for 90 days after such termination and repayment.

91

Section 2.11Evidence of Debt.   (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business.  The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon.  Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations.  In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.  Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans in addition to such accounts or records.  Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.
(b)In addition to the accounts and records referred to in Section 2.11(a), each Revolving Credit Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Revolving Credit Lender of participations in Letters of Credit and Swing Line Loans.  In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Revolving Credit Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.
Section 2.12Payments Generally; Administrative Agent’s Clawback. 
(a)General.  All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.  Except as otherwise expressly provided herein and except with respect to principal and interest on Loans and L/C Obligations denominated in an Alternative Currency, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in U.S. Dollars and in Same Day Funds not later than 12:00 p.m. on the date specified herein.  Except as otherwise expressly provided herein, all payments by the Borrower hereunder with respect to principal and interest on Loans and L/C Obligations denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in such Alternative Currency and in Same Day Funds not later than the Applicable Time specified by the Administrative Agent on the dates specified herein.  If, for any reason, the Borrower is prohibited by any Law from making any required payment hereunder in an Alternative Currency, the Borrower shall make such payment in U.S. Dollars in an amount equal to the U.S. Dollar Equivalent of the amount due in such Alternative Currency as of the date of payment.  The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of all payments and prepayments of principal and interest due hereunder, together with all other amounts due thereto, including all fees payable with respect thereto, in like funds as received by wire transfer to such Lender’s Lending Office.  All payments received by the Administrative Agent after 2:00 p.m., in the case of payments in U.S. Dollars, or after the Applicable Time specified by the Administrative Agent, in the case of payments in an Alternative Currency, shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.  If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

92

(b)Funding by Lenders; Presumption by Administrative Agent.  Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans, RFR Loans or CDOR Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 p.m. on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount.  In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans.  If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period.  If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing.  Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.
(c)Payments by Borrower; Presumptions by Administrative Agent.  Unless the Administrative Agent shall have received notice from the Borrower prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders or the applicable L/C Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders the amount due.  In such event, if the Borrower has not in fact made such payment, then each of the Appropriate Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Appropriate Lender, in Same Day Funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

93

A notice of the Administrative Agent to any Lender, any L/C Issuer or the Borrower with respect to any amount owing under this subsection (c) shall be conclusive, absent manifest error.
(d)Failure to Satisfy Conditions Precedent.  If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in this Article 2, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article 4 or in the applicable Joinder Agreement or Refinancing Amendment are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall promptly return such funds (in like funds as received from such Lender) to such Lender, without interest.
(e)Obligations of Lenders Several.  The obligations of the Lenders hereunder to make Term Loans and Revolving Credit Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 10.04(c) are several and not joint.  The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 10.04(c). 
(f)Funding Source.  Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.
(g)Insufficient Funds.  If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and L/C Borrowings then due to such parties.
Section 2.13Sharing of Payments by Lenders.  If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of (a) Obligations in respect of any of the Facilities due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations due and payable to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities due and payable to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations in respect of the Facilities due and payable to all Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b) Obligations in respect of any of the Facilities owing (but not due and payable) to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time) of payment on account of the Obligations in respect of the Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by all of the Lenders at such time, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and subparticipations in L/C Obligations and Swing Line Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations in respect of the Facilities then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case may be, provided that:

94

(i)if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and
(ii)the provisions of this Section shall not be construed to apply to (A) any payment made by or on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (B) the application of Cash Collateral provided for in Section 2.15, or (C) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant, other than to the Borrower or any Restricted Subsidiary or Affiliate thereof (as to which the provisions of this Section shall apply unless such purchase is made by the Borrower pursuant to Section 10.06(b)(vii)).
The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation.
Section 2.14Incremental Facilities. 
(a)The Borrower may by written notice to the Administrative Agent elect to increase the existing Revolving Credit Commitments of any Class (any such increase, the “Incremental Revolving Credit Commitments”) and/or incur one or more new term loan commitments and/or increase the commitments of any Class of Term Loans (the “Incremental Term Loan Commitments”) by an amount (1) not to exceed in the aggregate, at the time of incurrence, the Incremental Available Amount referred to in clauses (a), (b) and (c)(i) of the definition thereof and (2) not less than, individually, $25,000,000.

95

(b)Each such notice shall specify (i) the date (each, an “Increased Amount Date”) on which the Borrower proposes that the Incremental Revolving Credit Commitments or Incremental Term Loan Commitments, as applicable, shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent (or such shorter period of time as may be agreed to by the Administrative Agent in its sole discretion); and (ii) the identity of each Lender or other Person, which must be an Eligible Assignee (each, an “Incremental Revolving Loan Lender” or “Incremental Term Loan Lender,” as applicable) to whom the Borrower proposes any portion of such Incremental Revolving Credit Commitments or Incremental Term Loan Commitments, as applicable, be allocated and the amounts of such allocations.  Any Lender approached to provide all or a portion of the Incremental Revolving Credit Commitments or Incremental Term Loan Commitments, as applicable, may elect or decline, in its sole discretion, to provide an Incremental Revolving Credit Commitment or Incremental Term Loan Commitment.  Any Incremental Term Loan Commitments effected through the establishment of one or more term loan commitments made on an Increased Amount Date that are not fungible for United States federal income tax purposes with an existing Class of Term Loans shall be designated a separate Class of Incremental Term Loan Commitments for all purposes of this Agreement.  Notwithstanding the foregoing, any Incremental Term Loans may be treated as part of the same Class as any other Incremental Term Loans if such Incremental Term Loans have identical terms (other than effective yield) and are fungible for United States federal income tax purposes with such other Incremental Term Loans.
(c)The Administrative Agent shall notify the Lenders promptly upon receipt of the Borrower’s notice of each Increased Amount Date and in respect thereof (i) the Incremental Revolving Credit Commitments and the Incremental Revolving Loan Lenders or Incremental Term Loan Commitments and the Incremental Term Loan Lenders, as applicable and (ii) in the case of each notice to any applicable Revolving Credit Lender of any such given Class, the respective interests in such Revolving Credit Lender’s Revolving Credit Loans of such Class, in each case subject to the assignments contemplated by this Section.
(d)Such Incremental Revolving Credit Commitments or Incremental Term Loan Commitments shall become effective as of such Increased Amount Date; provided that:
(i)(x) subject, solely in the case of Incremental Term Loans, to Section 1.09(c), no Event of Default shall exist on such Increased Amount Date before or after giving effect to such Incremental Revolving Credit Commitments or Incremental Term Loan Commitments, as applicable and the extensions of credit to be made thereunder on such date; provided that this clause (i)(x) may be waived or limited as agreed in the Joinder Agreement between the Borrower and the applicable Incremental Term Loan Lenders; and (y) the representations and warranties of the Borrower and each other Loan Party contained in Article 5 hereof shall be true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) on and as of such date, except in each case to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date); provided that, in the case of Incremental Term Loans incurred to finance a Permitted Acquisition or other Investment in the nature of an acquisition, this clause (i)(y) shall be limited to Sections 5.01(a), 5.01(b), 5.02(a), 5.13, 5.17, 5.18, 5.19 (other than the first or second sentence thereof) and 5.20;

96

(ii)the Incremental Revolving Credit Commitments or Incremental Term Loan Commitments, as applicable, shall be effected pursuant to one or more Joinder Agreements executed and delivered by the Borrower, the Incremental Revolving Loan Lender(s) or Incremental Term Loan Lender(s), as applicable, and the Administrative Agent, each of which shall be recorded in the Register (and each Incremental Revolving Loan Lender and Incremental Term Loan Lender shall be subject to the requirements set forth in Section 3.01); 
(iii)the Incremental Facilities shall be Guaranteed by the Guarantors, rank pari passu in right of security with the other Facilities and shall not be secured by any property or assets other than the Collateral; 
(iv)all fees and reasonable out-of-pocket expenses owing to the Administrative Agent and the Lenders (other than a Defaulting Lender) in respect of the Incremental Revolving Credit Commitments and Incremental Term Loan Commitments shall have been paid; and 
(v)the Borrower shall deliver or cause to be delivered legal opinions, officer’s certificates and such other documents reasonably requested by the Administrative Agent in connection with any such transaction.
(e)On any Increased Amount Date on which Incremental Revolving Credit Commitments are effected, subject to the satisfaction of the foregoing terms and conditions, (i) each of the existing Revolving Credit Lenders of the Class being so increased shall assign to each of the Incremental Revolving Loan Lenders, and each of the Incremental Revolving Loan Lenders shall purchase from each of the existing Revolving Credit Lenders of the Class being so increased, at the principal amount thereof (together with accrued interest), such interests in the Revolving Credit Loans of the Class being so increased and participations in Letters of Credit and Swing Line Loans outstanding on such Increased Amount Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Credit Loans and participations in Letters of Credit and Swing Line Loans will be held by existing Revolving Credit Lenders of such Class and Incremental Revolving Loan Lenders ratably in accordance with their Revolving Credit Commitments of the Class being so increased after giving effect to the addition of such Incremental Revolving Credit Commitments to the Revolving Credit Commitments of such Class, (ii) each Incremental Revolving Credit Commitment shall be deemed for all purposes a Revolving Credit Commitment of the Class being so increased and each Loan made thereunder (an “Incremental Revolving Loan”) shall be deemed, for all purposes, a Revolving Credit Loan of the Class being so increased and (iii) each Incremental Revolving Loan Lender shall become a Lender with respect to the Incremental Revolving Credit Commitment and all matters relating thereto. 

97

(f)On any Increased Amount Date on which any Incremental Term Loan Commitments of any Class (or any Incremental Term Loan Commitments increasing any existing Term Loans) are effective, subject to the satisfaction of the foregoing terms and conditions, (i) each Incremental Term Loan Lender of such Class or increase shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Loan Commitment of such Class or increase and (ii) each Incremental Term Loan Lender of such Class or increase shall become a Lender hereunder with respect to the Incremental Term Loan Commitment of such Class or increase and the Incremental Term Loans of such Class or increase made pursuant thereto.
(g)The terms (including pricing, “most favored nations” provisions, premiums, fees, rate floors, optional prepayment provisions, and/or mandatory prepayment provisions relating to excess cash flow, asset sale proceeds and condemnation proceeds) and conditions of the Incremental Term Loans and Incremental Term Loan Commitments shall be, except as otherwise explicitly set forth herein, as agreed in the Joinder Agreement between the Borrower, the applicable Incremental Term Loan Lenders providing such Incremental Term Loan Commitments and the Administrative Agent; provided that (i) the terms of such Indebtedness shall not be more restrictive, taken as a whole, to the Borrower and the other Loan Parties than those set forth in this Agreement prior to the execution of such Joinder Agreement unless (x) such terms apply only after the Latest Maturity Date at the time such Indebtedness is established or (y) this Agreement is amended so that such terms are also applicable for the benefit of any Lenders under any then-existing Facilities, (ii) the Weighted Average Life to Maturity of all Incremental Term Loans of any such Class shall be no shorter than (x) if there are no Term Loans outstanding at such time, 36 months and (y) if there are Term Loans outstanding at such time, the Weighted Average Life to Maturity of any other Term Loans at the time of the incurrence of such Incremental Term Loans, (iii) the applicable Incremental Term Loan Maturity Date of each Class shall be no earlier than the Latest Maturity Date at the time of the incurrence of such Incremental Term Loans, (iv) the pricing of each Class of Incremental Term Loans may be subject to “most favored nations” provisions if and to the extent set forth in the Joinder Agreement for such Class and (v) in the case of Incremental Term Loans, such Indebtedness may participate on a pro rata basis or less than pro rata basis (but not on a greater than pro rata basis) in any mandatory prepayments of Term Loans hereunder, as specified in the applicable Joinder Agreement, and in the case of Incremental Revolving Credit Commitments, such Incremental Revolving Credit Commitments may participate on a pro rata basis or less than pro rata basis (but not on a greater than pro rata basis) in any mandatory reductions of Revolving Credit Commitments hereunder, as specified in the applicable Joinder Agreement. 
(h)The terms and provisions of the Incremental Revolving Loans and Incremental Revolving Credit Commitments shall be identical to the other Revolving Credit Loans of the Class being so increased and the Revolving Credit Commitments of the Class being so increased; provided that if the Incremental Revolving Loan Lenders require an interest rate in excess of the interest rate then applicable to the Revolving Credit Facility of the Class being so increased, the interest rate on the Revolving Credit Facility of such Class shall be increased to equal such required rate without further consent of the affected Lenders; provided, further, that if the Incremental Revolving Loan Lenders require a commitment fee on the undrawn portion of such Incremental Revolving Loans and Incremental Revolving Commitments in excess of the commitment fee then applicable to the Revolving Credit Facility of the Class being so increased, the commitment fee on the Revolving Credit Facility of such Class shall be increased to equal such commitment fee without further consent of the affected Lenders. 

98

(i)Each Joinder Agreement may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.14 (including any amendments that are not adverse to the interests of any Lender that are made to effectuate changes necessary or appropriate to enable any Incremental Term Loans that are intended to be fungible with any other Term Loans to be fungible with such other Term Loans, which shall include any amendments that modify the aggregate principal amount of scheduled installment payments to the extent such amendment does not decrease the installment payment an existing Term Lender would have received prior to giving effect to any such amendment).
(j)This Section 2.14 shall supersede any provisions in Section 2.13 or Section 10.01 to the contrary.
Section 2.15Cash Collateral. 
(a)Certain Credit Support Events.  Upon the request of the Administrative Agent or any L/C Issuer if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Borrower shall, in each case, immediately Cash Collateralize all L/C Obligations in an amount equal to 105% of the then Outstanding Amount of all L/C Obligations.  At any time that there shall exist a Defaulting Lender, immediately upon the request of the Administrative Agent, any L/C Issuer or the Swing Line Lender, the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after giving effect to Section 2.16(a)(iv) and any Cash Collateral provided by the Defaulting Lender).
(b)Grant of Security Interest.  All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at a bank selected by the Borrower and reasonably acceptable to the Administrative Agent.  The Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuers and the Revolving Lenders (including the Swing Line Lender), and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as Cash Collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.15(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

99

(c)Application.  Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.15 or Sections 2.03, 2.04, 2.05, 2.16 or Section 8.02 in respect of Letters of Credit or Swing Line Loans shall be held and applied to the satisfaction of the specific L/C Obligations, Swing Line Loans, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein. 
(d)Release.  Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 10.06(b))) or (ii) the Administrative Agent’s good faith determination that there exists excess Cash Collateral; provided that (x) Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of an Event of Default (and following application as provided in this Section 2.15 may be otherwise applied in accordance with Section 8.03), and (y) the Person providing Cash Collateral and the applicable L/C Issuer or Swing Line Lender, as applicable, may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations.
Section 2.16Defaulting Lenders. 
(a)Adjustments.  Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:
(i)Waivers and Amendments.  That Defaulting Lender’s right to approve or disapprove any amendment, modification, waiver or consent with respect to this Agreement shall be restricted as set forth in the definitions of Required Lenders, Required Revolving Credit Lenders, and Required Facility Lenders and, in addition, Defaulting Lenders shall not be permitted to vote with respect to any other amendment, modification, waiver or consent pursuant to Section 10.01 or otherwise direct the Administrative Agent pursuant to the terms hereof or of the other Loan Documents; provided that any amendment, modification, waiver or consent requiring the consent of all Lenders or each affected Lender which affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender.

100

(ii)Reallocation of Payments.  Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article 8 or otherwise, and including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 10.08), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to the L/C Issuers or Swing Line Lender hereunder; third, if so determined by the Administrative Agent or requested by any L/C Issuer or the Swing Line Lender, to be held as Cash Collateral for future funding obligations of that Defaulting Lender of any participation in any Swing Line Loan or Letter of Credit; fourth, as the Borrower may request (so long as no Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; sixth, to the payment of any amounts owing to the Lenders, any L/C Issuer or the Swing Line Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, any L/C Issuer or the Swing Line Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Loans or L/C Borrowings were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Borrowings owed to, that Defaulting Lender.  Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.16(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 
(iii)Certain Fees.  That Defaulting Lender (x) shall not be entitled to receive a commitment fee pursuant to Section 2.09(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender) and (y) shall be limited in its right to receive Letter of Credit Fees as provided in Section 2.03(h).  With respect to any fee not required to be paid to any Defaulting Lender pursuant to this Section 2.16(a)(iii), the Borrower shall (1) pay to each Lender that is not a Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit or Swing Line Loans that has been reallocated to such non-Defaulting Lender pursuant to Section 2.03 or 2.04, (2) pay to each L/C Issuer and Swing Line Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swing Line Lender’s Fronting Exposure to such Defaulting Lender, and (3) not be required to pay the remaining amount of any such fee.

101

(iv)Reallocation of Applicable Percentages to Reduce Fronting Exposure.  During any period in which there is a Defaulting Lender in respect of the Revolving Credit Facility, for purposes of computing the amount of the obligation of each Revolving Credit Lender that is not a Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” and “Applicable Revolving Credit Percentage” of each Revolving Credit Lender that is not a Defaulting Lender in respect of the Revolving Credit Facility shall be computed without giving effect to the Revolving Credit Commitment of that Defaulting Lender; provided that (i) each such reallocation shall be given effect only if, at the date the applicable Revolving Credit Lender becomes a Defaulting Lender, no Default exists; and (ii) the aggregate obligation of each Revolving Credit Lender that is not a Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (x) the Revolving Credit Commitment of that Revolving Credit Lender that is not a Defaulting Lender minus (y) the aggregate Outstanding Amount of the Revolving Credit Loans of such Revolving Credit Lender plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all L/C Obligations plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of all Swing Line Loans.
(b)Defaulting Lender Cure.  If the Borrower, the Administrative Agent, the Swing Line Lender and the L/C Issuers agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders (and shall pay to such other Lenders any break funding costs that such other Lenders may incur as a result of such purchase) or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held on a pro rata basis by the Revolving Credit Lenders in accordance with their Applicable Revolving Credit Percentages (without giving effect to Section 2.16(a)(iv)), whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Revolving Credit Lender will constitute a waiver or release of any claim of any party hereunder arising from that Revolving Credit Lender’s having been a Defaulting Lender.
Section 2.17Refinancing Facilities.

102

(a)On one or more occasions, the Borrower may obtain, from any Lender or any other bank or financial institution or other institutional lender or investor that would constitute an Eligible Assignee if it were purchasing Loans hereunder and that agrees to provide any portion of Refinancing Term Commitments, Refinancing Term Loans, Other Revolving Commitments, or Other Revolving Loans, Credit Agreement Refinancing Indebtedness in the form of Refinancing Term Commitments, Refinancing Term Loans, Other Revolving Commitments or Other Revolving Loans, in each case pursuant to a Refinancing Amendment in accordance with this Section 2.17 (each, an “Additional Refinancing Lender”); provided that (i) the Administrative Agent, the Swing Line Lender and each L/C Issuer shall have consented (such consent not to be unreasonably withheld, conditioned, or delayed) to such Lender’s or Additional Refinancing Lender’s providing such Refinancing Term Commitments, Refinancing Term Loans, Other Revolving Commitments or Other Revolving Loans to the extent such consent, if any, would be required under Section 10.06 for an assignment of Refinancing Term Commitments, Refinancing Term Loans, Other Revolving Commitments, or Other Revolving Loans, as applicable, to such Lender or Additional Refinancing Lender; provided, further, that the following terms are satisfied:
(i)any Refinancing Term Loans may participate on a pro rata basis or on a less than pro rata basis (but not on a greater than pro rata basis) as among the various Classes of Term Loans (in accordance with the respective outstanding principal amounts thereof) in any voluntary or mandatory repayments or prepayments of Term Loans hereunder, as specified in the applicable Refinancing Amendment;
(ii)(x) all Other Revolving Commitments shall be deemed to be Revolving Credit Commitments for purposes of borrowings and prepayments of Revolving Credit Loans and participations in Letters of Credit and Swing Line Loans and (y) the borrowing and repayment (except for (A) payments of interest and fees at different rates on Other Revolving Commitments (and related outstandings), (B) repayments required upon the maturity date of the Other Revolving Commitments and (C) repayment made in connection with a permanent repayment and termination of commitments) of Other Revolving Loans after the date of obtaining any Other Revolving Commitments shall be made as directed by the Borrower;
(iii)subject to the provisions of Section 2.03(k) to the extent dealing with Letters of Credit which mature or expire after a maturity date when there exist Other Revolving Commitments with a longer maturity date, all Swing Line Loans and Letters of Credit shall be participated on a pro rata basis by all Lenders with Revolving Credit Commitments (including Other Revolving Credit Commitments) in accordance with their Applicable Revolving Credit Percentage; and
(iv)assignments and participations of Other Revolving Commitments and Other Revolving Loans shall be governed by the same assignment and participation provisions applicable to Original Revolving Credit Commitments and Original Revolving Credit Loans.

103

(b)The effectiveness of any Refinancing Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Section 4.02 and, to the extent reasonably requested by the Administrative Agent, receipt by the Administrative Agent of (i) customary legal opinions, board resolutions and officers’ certificates consistent with those delivered on the Closing Date other than changes to such legal opinions resulting from a Change in Law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative Agent and (ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order to ensure that the enforceability of the Collateral Documents and the perfection and priority of the Liens thereunder are preserved and maintained.
(c)Each issuance of Credit Agreement Refinancing Indebtedness under Section 2.17(a) shall be in an aggregate principal amount that is not less than $25,000,000.
(d)Each of the parties hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to a Refinancing Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto and (ii) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.17, and the Lenders hereby expressly authorize the Administrative Agent to enter into any such Refinancing Amendment.
(e)This Section 2.17 shall supersede any provisions in Section 2.13 and 10.01 to the contrary, and nothing in Section 2.05 to the contrary shall prohibit the application of this Section 2.17.
ARTICLE 3.
TAXES, YIELD PROTECTION AND ILLEGALITY
Section 3.01Taxes. 
(a)Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes.  Any and all payments by or on account of any obligation of any Loan Party hereunder or under any other Loan Document shall to the extent permitted by applicable Laws be made free and clear of and without reduction or withholding for any Taxes.  If, however, applicable Laws (as determined in the good faith discretion of the applicable Withholding Agent) require the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable Laws and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made.

104

(b)Payment of Other Taxes by the Borrower.  Without limiting the provisions of subsection (a) above, the Loan Parties shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Laws, or at the option of the Administrative Agent timely reimburse it for the payment of Other Taxes.
(c)Tax Indemnifications. 
(i)Without limiting the provisions of subsection (a) or (b) above, the Loan Parties shall, and do hereby, jointly and severally indemnify each Recipient, and shall make payment in respect thereof within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) withheld or deducted by a Withholding Agent or paid by the Recipient, and any reasonable out of pocket expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  The Borrower shall also, and does hereby, indemnify the Administrative Agent, and shall make payment in respect thereof within ten days after demand therefor, for any amount which a Lender or any L/C Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required by clause (ii) of this subsection.  A certificate as to the amount of any such payment or liability delivered to the Borrower by a Lender or an L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or an L/C Issuer, shall be conclusive absent manifest error (so long as such certificate is prepared in a commercially reasonable manner in accordance with applicable Laws).  No Loan Party shall be required to compensate any Recipient pursuant to this Section 3.01 for any amounts to the extent that such Recipient does not furnish notice of such possible indemnification claim within 180 days after such Recipient receives notice from the applicable Governmental Authority of the specific Tax assessment giving rise to such indemnification claim.
(ii)Without limiting the provisions of subsection (a) or (b) above, each Lender and each L/C Issuer shall, and does hereby, severally indemnify:
(A)the Borrower and the Administrative Agent, and shall make payment in respect thereof within ten (10) days after demand therefor, against any and all Taxes and any and all related losses, claims, liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any counsel for the Borrower or the Administrative Agent) incurred by or asserted against the Borrower or the Administrative Agent by an Governmental Authority as a result of the failure by such Lender or any L/C Issuer, as the case may be, to deliver, or as a result of the inaccuracy or similar deficiency of, any documentation required to be delivered by such Lender or any L/C Issuer, as the case may be, to the Borrower or the Administrative Agent pursuant to subsection (e)(ii); and

105

(B)the Administrative Agent, and shall make payment in respect thereof within ten (10) days after demand therefor, for (x) any Indemnified Taxes attributable to such Lender or such L/C Issuer (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (y) any Excluded Taxes attributable to such Lender or such L/C Issuer, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority and (z) any Taxes attributable to such Lender’s or L/C Issuer’s failure to comply with the provisions of Section 10.06(d) relating to the maintenance of a Participant Register. 
(iii)A certificate as to the amount of such payment or liability delivered to any Lender or any L/C Issuer by the Borrower or the Administrative Agent shall be conclusive absent manifest error.  Each Lender and L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or the L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this subsection (c). 
(d)Evidence of Payments.  Upon request by the Borrower or the Administrative Agent, as the case may be, as soon as possible after any payment of Taxes by any Loan Party or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, such Loan Party shall deliver to the Administrative Agent or the Administrative Agent shall deliver to such Loan Party, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to such Loan Party or the Administrative Agent, as the case may be.
(e)Status of Lenders; Tax Documentation. 
(i)For purposes of this Section 3.01(e), the term “Lender” includes any L/C Issuer.  Each Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments under any Loan Document shall deliver to the Borrower and to the Administrative Agent, at the time or times prescribed by applicable Laws or when reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding.  In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable Laws or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.  Notwithstanding anything to the contrary in the preceding two sentences, the delivery, completion and execution of documentation and other requested information described in this subsection (e)(i) (and not, for the avoidance of doubt, otherwise described in subsection (e)(ii)) shall not be required if in the Lender’s reasonable judgment such delivery, completion or execution would subject the Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

106

(ii)Without limiting the generality of the foregoing, on or prior to the date on which a Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), but only to the extent it is legally entitled to do so,
(A)any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent executed copies of IRS Form W-9 or such other documentation or information prescribed by applicable Laws or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding or information reporting requirements; 
(B)any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be reasonably requested by the recipient), whichever of the following is applicable:
(1)in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty,
(2)executed copies of IRS Form W-8ECI,
(3)in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) executed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, or
(4)to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2 or H-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such direct and indirect partner together with the executed copies of the applicable IRS Forms; 

107

(C)any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be reasonably requested by the Recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent) executed copies of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by Applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made. 
(iii)If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment.  Solely for purposes of this clause (iii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.
(iv)Each Lender shall promptly (A) notify the Borrower and the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction or if any form or certification it previously delivered becomes obsolete or inaccurate or expires and (B) update any such form or certification or notify the Borrower and Administrative Agent in writing of its legal inability to do so.

108

(f)Treatment of Certain Refunds.  At no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or an L/C Issuer, or have any obligation to pay to any Lender or L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or L/C Issuer, as the case may be.  If the Administrative Agent, any Lender or any L/C Issuer determines, in its sole discretion exercised reasonably, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 3.01, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 3.01 with respect to the Indemnified Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by the Administrative Agent, such Lender or such L/C Issuer, as the case may be, related to the receipt of such refund and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent, such Lender or such L/C Issuer, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or such L/C Issuer in the event the Administrative Agent, such Lender or such L/C Issuer is required to repay such refund to such Governmental Authority.  This subsection shall not be construed to require the Administrative Agent, any Lender or any L/C Issuer to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person.  Notwithstanding anything to the contrary in this subsection, in no event will the Administrative Agent, such Lender or such L/C Issuer be required to pay any amount to the Borrower pursuant to this subsection the payment of which would place the Administrative Agent, such Lender or such L/C Issuer in a less favorable after-Tax position than the Administrative Agent, such Lender or such L/C Issuer would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts giving rise to such refund had never been paid. 
(g)Survival.  Each party’s obligations under this Section 3.01 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender or any L/C Issuer, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all other Obligations.
Section 3.02Illegality.  If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurodollar Rate, the Daily Simple SONIA or the CDOR Rate, or to determine or charge interest rates based upon the Eurodollar Rate, the Daily Simple SONIA or the CDOR Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, U.S. Dollars or any Alternative Currency in the applicable interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue Eurodollar Rate Loans, RFR Loans or CDOR Rate Loans in the affected currency or currencies or to convert Base Rate Loans to Eurodollar Rate Loans  shall be suspended and (ii) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), if such Loans are not denominated in U.S. Dollars, prepay such Loans, or if such Loans are denominated in U.S. Dollars, convert all such Loans of such Lender to Base Rate Loans or (y) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans (the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate), the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans or CDOR Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans, RFR Loans or CDOR Rate Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 
109

Section 3.03Inability to Determine Rates.   Subject to Section 3.08, if the Required Lenders determine that for any reason:
(a)in connection with any request for a Eurodollar Rate Loan or a CDOR Rate Loan or a conversion to or continuation thereof that (aA)(i) deposits are not being offered to banks in the interbank market for the applicable amount and Interest Period of such Loan, (ii) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or (iii) adequate and reasonable means do not exist for determining the CDOR Rate for any requested Interest Period with respect to a proposed CDOR Rate Loan, or (bB) the Eurodollar Rate or CDOR Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or CDOR Rate Loan, as applicable, does not adequately and fairly reflect the cost to such Lenders of funding such Loan, ; or
(b)in connection with any RFR Loan, that adequate and reasonable means do not exist for determining the Daily Simple SONIA,
then in each case, the Required Lenders will so notify the Administrative Agent and the Administrative Agent will promptly so notify the Borrower and each Lender.  Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Rate Loans, RFR Loans or CDOR Rate Loans, as applicable, shall be suspended and (y) in the event of a determination described in the preceding sentence with respect to the Eurodollar Rate component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice.  Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans, RFR Loans or CDOR Rate Loans or, failing that, will, (x) in the case of Loans in U.S. Dollars, be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in U.S. Dollars, in the amount specified therein and, (y) in the case of Loans in an Alternative Currency other than Pounds Sterling, be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans in U.S. Dollars (in an amount equal to the U.S. Dollar Equivalent of the amount requested to be borrowed or continued in the Alternative Currency). and (z) in the case of Loans in Pounds Sterling, be deemed to have requested a Loan in Pounds Sterling that bears interest at the Central Bank Rate plus the Applicable Rate applicable to RFR Loans; provided that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for Pounds Sterling cannot be determined, then the Borrower shall be deemed to have converted any such request into a request for a Borrowing of Base Rate Loans in U.S. Dollars (in an amount equal to the U.S. Dollar Equivalent of the amount in question).  Upon receipt of such notice with respect to any outstanding Loan, (x) in the case of Loans in U.S. Dollars, the Borrower shall convert all such outstanding Loans to Base Rate Loans, (y) in the case of Loans in an Alternative Currency other than Pounds Sterling, the Borrower shall prepay such Loans and (z) in the case of Loans in Pounds Sterling, the Borrower shall convert all such outstanding Loans to Loans that bear interest at the Central Bank Rate plus the Applicable Rate applicable to RFR Loans; provided that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for Pounds Sterling cannot be determined, then all such Loans shall be prepaid in full promptly upon written demand by the Administrative Agent.  Upon any such prepayment, the Borrower shall also pay accrued interest on the amount so prepaid.

110

Section 3.04 Increased Costs; Reserves on Eurodollar Rate Loans, RFR Loans and CDOR Rate Loans. 
(a)Increased Costs Generally.  If any Change in Law shall:
(i)impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement contemplated by Section 3.04(e)) or any L/C Issuer;
(ii)subject any Recipient to any Tax (except for Indemnified Taxes covered by Section 3.01 and the imposition of, or any change in the rate of, any Tax described in clause (a)(ii) or clause (b) through (d) of the definition of Excluded Taxes) on its loans, loan principal, letters of credit, commitment, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or
(iii)impose on any Lender or any L/C Issuer or the interbank market, any other condition, cost or expense (other than Taxes) affecting this Agreement or Eurodollar Rate Loans, RFR Loans or CDOR Rate Loans made by such Lender or any Letter of Credit or participation therein; 

111

and the result of any of the foregoing shall be to increase the cost to the Administrative Agent, any L/C Issuer or any Lender of making, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by the Administrative Agent, any Lender or any L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon the request of the Administrative Agent, such Lender or such L/C Issuer, the Borrower will pay to the Administrative Agent, such Lender or such L/C Issuer, as the case may be, such additional amount or amounts as will compensate the Administrative Agent, such Lender or such L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered; provided, that the Borrower shall not be obligated to pay any such compensation unless the Lender or L/C Issuer requesting such compensation also is requesting compensation as a result of such Change in Law from other similarly situated customers under agreements relating to similar credit transactions that include provisions similar to this Section 3.04(a); provided that the Borrower shall not be required to compensate a Lender or a L/C Issuer pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or L/C Issuer notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or L/C Issuer’s intention to claim compensation therefor; provided, further, that if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.
(b)Capital Requirements.  If any Lender or any L/C Issuer determines that any Change in Law affecting such Lender or such L/C Issuer or any Lending Office of such Lender or such Lender’s or such L/C Issuer’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or such L/C Issuer’s capital or on the capital of such Lender’s or such L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such L/C Issuer, to a level below that which such Lender or such L/C Issuer or such Lender’s or such L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such L/C Issuer’s policies and the policies of such Lender’s or such L/C Issuer’s holding company with respect to capital adequacy and liquidity), then from time to time the Borrower will pay to such Lender or such L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or such L/C Issuer or such Lender’s or such L/C Issuer’s holding company for any such reduction suffered; provided, that the Borrower shall not be obligated to pay any such compensation unless the Lender or such L/C Issuer requesting such compensation also is requesting compensation as a result of such Change in Law from other similarly situated customers under agreements relating to similar credit transactions that include provisions similar to this Section 3.04(b).
(c)Certificates for Reimbursement.  A certificate of a Lender or an L/C Issuer setting forth in reasonable detail the amount or amounts necessary to compensate such Lender or such L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent manifest error.  The Borrower shall pay such Lender or such L/C Issuer, as the case may be, the amount shown as due on any such certificate within ten days after receipt thereof.

112

(d)Delay in Requests.  Failure or delay on the part of any Lender or any L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Lender’s or such L/C Issuer’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender or an L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than six months prior to the date that such Lender or such L/C Issuer, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof).
(e)Reserves on Eurodollar Rate Loans.  The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurodollar funds or deposits (currently known as “Eurodollar liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive and binding), which shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have received at least ten days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender; provided, further, that the Borrower shall not be obligated to pay any such additional interest unless the Lender requesting such additional interest also is requesting additional interest from other similarly situated customers under agreements relating to similar credit transactions that include provisions similar to this Section 3.04(e).  If a Lender fails to give notice ten days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten days from receipt of such notice.
Section 3.05Compensation for Losses.  Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:
(a)any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);
(b)any failure by the Borrower to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower (in the case of a borrowing, for a reason other than the failure of such Lender to make a Loan); or

113

(c)any assignment of a Eurodollar Rate Loan or CDOR Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 2.14, 3.06(b) or Section 10.13; or
(d)any payment by the Borrower of the principal of or interest on any Revolving Credit Loan or of any drawing under any Letter of Credit (or interest due thereon) denominated in an Alternative Currency in a different currency from the currency in which the applicable Revolving Credit Loan or Letter of Credit is denominated (except to the extent an L/C Issuer has required payment of any drawing under a Letter of Credit in U.S. Dollars pursuant to Section 2.03(c)(i)), including any foreign exchange losses or loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract.  The Borrower shall also pay any customary and reasonable administrative fees charged by such Lender in connection with the foregoing. 
For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan or each CDOR Rate Loan, as applicable, made by it at the Eurodollar Rate or CDOR Rate, as applicable, for such Loan by a matching deposit or other borrowing in the London, England or other offshore interbank market for the applicable currency for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan or CDOR Rate Loan was in fact so funded. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender, as specified in this Section, delivered to the Borrower shall be conclusive absent manifest error.
Section 3.06Mitigation Obligations; Replacement of Lenders. 
(a)Designation of a Different Lending Office.  If any Lender requests compensation under Section 3.04, or the Borrower is required to pay any additional amount to any Lender, any L/C Issuer, or any Governmental Authority for the account of any Lender or any L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender or such L/C Issuer shall, as applicable, use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender or such L/C Issuer, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02 as applicable, and (ii) in each case, would not subject such Lender or such L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or such L/C Issuer, as the case may be.  The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender or such L/C Issuer in connection with any such designation or assignment.
(b)Replacement of Lenders.  If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, and in each case, such Lender has declined or is unable to designate a different Lending Office in accordance with Section 3.06(a) which would eliminate such request for compensation or requirement to pay such additional amount, or if any Lender is a Defaulting Lender hereunder, the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, replace such Lender in accordance with Section 10.13.

114

Section 3.07Survival.  All of the Borrower’s obligations under this Article 3 shall survive the termination of the Aggregate Commitments, any assignment of rights by, or the replacement of, a Lender, repayment, satisfaction or discharge of all other Obligations hereunder, and resignation or replacement of the Administrative Agent.
Section 3.08Effect of Benchmark Transition Event. 
(a)Benchmark Replacement.  Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the LIBO Rate with a Benchmark Replacement.  Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders; provided that, with respect to any proposed amendment containing any SOFR-Based Rate, the Lenders shall be entitled to object only to the Benchmark Replacement Adjustment contained therein.  Any such amendment with respect to an Early Opt-in Election will become effective on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment.  No replacement of the LIBO Rate with a Benchmark Replacement pursuant to this Section 3.08 will occur prior to the applicable Benchmark Transition Start Date.
(b)Benchmark Replacement Conforming Changes.  In connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement.
(c)Notices; Standards for Decisions and Determinations.  The Administrative Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, and (iv) the commencement or conclusion of any Benchmark Unavailability Period.  Any determination, decision or election that may be made by the Administrative Agent or Lenders pursuant to this Section 3.08, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 3.08.

115

(d)Benchmark Unavailability Period.  Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a Eurodollar Rate Borrowing of, conversion to or continuation of Eurodollar Rate Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, (x) in the case of Eurodollar Rate Loans denominated in U.S. Dollars, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans and (y) in the case of a request for a Borrowing or continuation in an Alternative Currency, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans in Dollars (in an amount equal to the U.S. Dollar Equivalent of the amount requested to be borrowed or continued in the Alternative Currency). During any Benchmark Unavailability Period, the component of the Base Rate based upon the LIBO Rate will not be used in any determination of Base Rate.
ARTICLE 4.
CONDITIONS PRECEDENT
Section 4.01Conditions Precedent to the Closing Date.  The amendment and restatement of the Original Credit Agreement on the Closing Date and the obligations of each L/C Issuer and each Lender to make the initial Credit Extensions on the Closing Date (if any) shall, in each case, be subject to the following conditions:
(a)The Administrative Agent’s receipt of the following, each of which shall be originals, facsimiles or “pdf” or similar electronic format (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party each in form and substance reasonably satisfactory to the Administrative Agent:
(i)a Note executed by the Borrower in favor of each Lender that has requested a Note at least two (2) Business Days prior to the Closing Date;
(ii)executed copies of (x) this Agreement, and (y) each Collateral Document set forth on Schedule 4.01(a)(ii), executed by each Loan Party thereto, together with:
(A)evidence that all filings under the UCC shall have been taken, completed or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent; and
(B)any other documents and instruments as may be necessary or advisable in the reasonable opinion of the Administrative Agent to vest in the Administrative Agent valid and subsisting first priority perfected Liens on the properties purported to be subject to the Collateral Documents set forth on Schedule 4.01(a)(ii), enforceable against all third parties in accordance with their terms;

116

(iii)such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party;
(iv)an opinion from (A) Lewis Rice LLC, counsel to the Loan Parties, and (B) local or other counsel in each of the jurisdictions listed on Schedule 4.01(a)(iv), in each case as reasonably requested by the Administrative Agent, in the case of each of clauses (A) and (B), in form and substance reasonably satisfactory to the Administrative Agent;
(v)a certificate attesting to the Solvency of the Borrower and its Subsidiaries (taken as a whole) on the Closing Date after giving effect to the Transactions, from the Chief Financial Officer of the Borrower, substantially in the form attached hereto as Exhibit K; 
(vi)a certificate attesting to the compliance with clauses (d), (e) and (f) of this Section 4.01 on the Closing Date from a Responsible Officer of the Borrower; and
(vii)if any Loans are to be made on the Closing Date, a Committed Loan Notice pursuant to Section 2.02.
(b)All reasonable fees and out-of-pocket expenses due and payable to the Lenders, the Arrangers and the Administrative Agent and required to be paid on or prior to the Closing Date pursuant to the Engagement Letter and Fee Letters shall have been paid or shall have been authorized to be deducted from the proceeds of the initial funding under the Facilities, so long as any such fees or expenses not expressly set forth in the Fee Letters have been have been invoiced not less than three (3) business days prior to the Closing Date.
(c)The Administrative Agent and the Lenders shall have received at least three Business Days prior to the Closing Date, to the extent requested in writing at least seven Business Days prior to the Closing Date, all documentation and other information that the Administrative Agent and the Lenders reasonably determine is necessary in order to allow the Administrative Agent and the Lenders to comply with applicable “know your customer” and anti-money laundering rules and regulations, including the Act and the Beneficial Ownership Regulation.
(d)The representations and warranties of the Borrower and each other Loan Party contained in Article 5 hereof shall be true and correct in all material respects; provided that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects.

117

(e)There has been no change, occurrence or development since September 30, 2019 that could reasonably be expected to have a Material Adverse Effect.
(f)At the time of and immediately after giving effect to the Transactions, no Default shall have occurred and be continuing.
(g)The Administrative Agent shall have received a certificate from the Borrower’s insurance broker or other evidence reasonably satisfactory to it that all insurance required to be maintained pursuant to Section 6.06 is in full force and effect, together with endorsements naming the Administrative Agent, for the benefit of the Secured Parties, as additional insured and loss payee thereunder to the extent required under Section 6.06.
(h)Substantially concurrently with the consummation of the Transactions, each Mortgage (as defined in the Original Credit Agreement) with respect to a Mortgaged Property (as defined in the Original Credit Agreement) shall be released, and terminated of record.
Section 4.02Conditions to All Credit Extensions after the Closing Date.  The obligation of each Lender to honor any Request for Credit Extension other than a Letter of Credit, and if such Request for Credit Extension is for a Letter of Credit, the obligation of the applicable L/C Issuer to honor such Request for Credit Extension, after the Closing Date (other than (x) pursuant to a Conversion/Continuation Notice and (y) in connection with the funding of an Incremental Term Loan) is subject to the following conditions precedent:
(a)The representations and warranties of the Borrower and each other Loan Party contained in Article 5 or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, that are qualified by materiality shall be true and correct (after giving effect to any qualification therein) on and as of the date of such Credit Extension, and each of the representations and warranties of the Borrower and each other Loan Party contained in any other Loan Document or in any document furnished at any time under or in connection herewith or therewith that are not qualified by materiality shall be true and correct in all material respects on and as of the date of such Credit Extension, except in each case to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Section 4.02, the representations and warranties contained in clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01. 
(b)No Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds thereof.

118

(c)The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall have received a Request for Credit Extension in accordance with the requirements hereof.
Each Request for Credit Extension (other than pursuant to a Conversion/Continuation Notice) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.
ARTICLE 5.
REPRESENTATIONS AND WARRANTIES
The Borrower represents and warrants to the Administrative Agent and the Lenders on the Closing Date and on the date of each Credit Extension as contemplated by Section 4.02 as to each of the matters set forth below that:
Section 5.01Existence, Qualification and Power.  Each Loan Party and each Restricted Subsidiary (other than any Immaterial Subsidiary) thereof (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization; (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party; and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.
Section 5.02Authorization; No Contravention.  The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is party have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any material contract to which such Person is a party or affecting such Person or the properties of such Person or any of its Restricted Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Law.
Section 5.03Governmental Authorization; Other Consents.  No material approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, or for the consummation of the Transactions, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents or (c) the perfection or maintenance of the Liens created under the Collateral Documents (including the priority thereof), except for (x) filings and actions completed on or prior to the Closing Date and as contemplated hereby and by the Collateral Documents necessary to perfect or maintain the Liens on the Collateral granted by the Loan Parties in favor of the Administrative Agent for the benefit of the Secured Parties (including, without limitation, UCC financing statements and filings in the United States Patent and Trademark Office and the United States Copyright Office) and (y) approvals, consents, exemptions, authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect.

119

Section 5.04Binding Effect.  This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto.  This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).
Section 5.05Financial Statements; No Material Adverse Effect 
(a)The Annual Financial Statements of the Borrower and its  Subsidiaries: (A) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (B) fairly present, in all material respects, the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (C) show all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness to the extent required by GAAP and (D) were accompanied by a reconciliation that explains or otherwise shows in reasonable detail the differences between the information relating to the Borrower and its Subsidiaries, on the one hand, and the information relating to the Borrower and its Restricted Subsidiaries on a standalone basis, on the other hand.
(b)The Quarterly Financial Statements of the Borrower and its Subsidiaries: (A) were each prepared in accordance with GAAP consistently applied throughout the period covered thereby, subject only to normal year-end audit adjustments and the absence of footnotes, except as otherwise expressly noted therein, (B) fairly present, in all material respects, the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby and (C) were accompanied by a reconciliation that explains or otherwise shows in reasonable detail the differences between the information relating to the Borrower and its Subsidiaries, on the one hand, and the information relating to the Borrower and its Restricted Subsidiaries on a standalone basis, on the other hand.
(c)Since September 30, 2019, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

120

Section 5.06Litigation.  There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against the Borrower or any of its Restricted Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document, or the consummation of the Transaction or (b) either individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. 
Section 5.07Ownership of Property.  Each of the Borrower and each Restricted Subsidiary has good record and marketable title to all owned property, or valid leasehold interests or valid licenses in all leased or licensed property, reasonably necessary or used in the ordinary conduct of its business, except for such defects in title, or failure to obtain a valid leasehold interest or valid license as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
Section 5.08Environmental. 
(a)Each of the Loan Parties and its Restricted Subsidiaries is and has been in compliance with all Environmental Laws and has received and maintained in full force and effect all Environmental Permits required for its current operations, except where non-compliance could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(b)To the Loan Parties’ knowledge, no Hazardous Materials are present, or have been released by any Person, whether related or unrelated to any Loan Party in, on, within, above, under, affecting or emanating from any real property currently or previously owned, leased or operated by any Loan Party or its Restricted Subsidiaries (i) in a quantity, location, manner or state requiring any cleanup, investigation or remedial action pursuant to any Environmental Laws; (ii) in violation or alleged violation of any Environmental Laws; or (iii) which has or could give rise to any Environmental Liability, including any claim pursuant to any Environmental Laws against any Loan Party or its Restricted Subsidiaries, except, in each case, as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(c)No Environmental Claim is pending or, to the Loan Parties’ knowledge, proposed, threatened or anticipated, with respect to or in connection with any Loan Party or its Restricted Subsidiaries or any real properties now or previously owned, leased or operated by any Loan Party or its Restricted Subsidiaries except as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(d)No properties now or, to the Loan Parties’ knowledge, previously owned, leased or operated by any Loan Party or its Restricted Subsidiaries nor, to the Loan Parties’ knowledge, any property to which any Loan Party or its Restricted Subsidiaries has transported or arranged for the transportation of any Hazardous Material is listed or, to the Loan Parties’ knowledge, proposed for listing on the National Priorities List promulgated pursuant to CERCLA, on CERCLIS (as defined in CERCLA) or on any similar federal, state or foreign list of sites requiring investigation or cleanup, nor to the knowledge of the Loan Parties, is any such property anticipated or to the Loan Parties’ knowledge, threatened to be placed on any such list, except as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

121

(e)To the Loan Parties’ knowledge, there are no Environmental Liabilities of any Loan Party or its Restricted Subsidiaries of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise, and there are no facts, conditions, situations or set of circumstances which could reasonably be expected to result in or be the basis for any such Environmental Liability, except, in each case, as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(f)No Loan Party or any of its Restricted Subsidiaries has assumed or retained any Environmental Liability of any other Person, except as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
This Section 5.08 contains the sole and exclusive representations and warranties of the Loan Parties with respect to environmental matters.
Section 5.09Insurance.  The properties of the Borrower and its Restricted Subsidiaries are insured with financially sound and reputable insurance companies that are not Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Restricted Subsidiary operates.
Section 5.10Taxes.  The Borrower and its Restricted Subsidiaries have filed all Federal, state and other material tax returns and reports required to be filed, and have paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income, business, franchise or assets otherwise due and payable, except (a) those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP or (b) to the extent that failure to do so could not reasonably be expected to result in Material Adverse Effect. 
Section 5.11ERISA Compliance; Labor Matters. 
(a)No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect.  Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state laws.  Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination or opinion/advisory letter from the Internal Revenue Service to the effect that the form of such Plan is qualified under Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by the Internal Revenue Service.  To the best knowledge of the Borrower, nothing has occurred that would prevent or cause the loss of such tax-qualified status.

122

(b)There are no strikes, or other labor disputes pending or, to the Borrower’s knowledge, threatened against the Borrower or any of its Restricted Subsidiaries, the hours worked and payments made to employees of the Borrower and its Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable law dealing with such matters and all payments due from the Borrower or any of its Restricted Subsidiaries or for which any claim may be made against the Borrower or any of its Restricted Subsidiaries on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of the Borrower or such Restricted Subsidiary to the extent required by GAAP except, in each case, as would not reasonably be expected to result in a Material Adverse Effect.  Except as could not reasonably be expected to result in a Material Adverse Effect, the consummation of the Transactions will not give rise to a right of termination or right of renegotiation on the part of any union under any material collective bargaining agreement to which the Borrower or any of its Restricted Subsidiaries (or any predecessor) is a party or by which the Borrower or any of its Restricted Subsidiaries (or any predecessor) is bound.
(c)With respect to each scheme or arrangement mandated by a government other than the United States (a “Foreign Government Scheme or Arrangement”) and with respect to each employee benefit plan maintained, contributed to or required to be contributed to by any Loan Party or any Restricted Subsidiary of any Loan Party primarily for the benefit of any employees located outside of the United States (a “Foreign Plan”):
(i)any employer and employee contributions required by law or by the terms of any Foreign Government Scheme or Arrangement or any Foreign Plan have been made, or, if applicable, accrued, in accordance with normal accounting practices;
(ii)the fair market value of the assets of each funded Foreign Plan, the liability of each insurer for any Foreign Plan funded through insurance or the book reserve established for any Foreign Plan, together with any accrued contributions, is sufficient to procure or provide for the accrued benefit obligations, as of the Closing Date, with respect to all current and former participants in such Foreign Plan according to the actuarial assumptions and valuations most recently used to account for such obligations in accordance with applicable generally accepted accounting principles (“Fully Funded”), except where the failure to be Fully Funded, in each case, could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and
(iii)each Foreign Plan required to be registered has been registered and has been maintained in good standing with applicable regulatory authorities.
Section 5.12Subsidiaries; Equity Interests.  As of the Closing Date, the Borrower has no Restricted Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.12, and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by the Borrower or one or more of its Subsidiaries in the amounts specified on Part (a) of Schedule 5.12 free and clear of all Liens except those created under the Collateral Documents.  As of the Closing Date, (x) the Borrower has no Equity Interests in any other Person other than (i) those specifically disclosed in Part (b) of Schedule 5.12 and (ii) Equity Interests in Subsidiaries and (y) there are no Unrestricted Subsidiaries other than those listed on Part (c) of Schedule 5.12.  All of the outstanding Equity Interests in the Borrower have been validly issued and are fully paid and nonassessable.

123

Section 5.13Margin Regulations; Investment Company Act. 
(a)The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. 
(b)None of the Borrower, any Person Controlling the Borrower or any Restricted Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940.
Section 5.14Disclosure.
(a)No report, financial statement, certificate or other information furnished in writing by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the Transactions or delivered hereunder or under any other Loan Document (in each case, taken as a whole and as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed by it to be reasonable at the time made, it being recognized by the Administrative Agent and the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by such financial information may differ from the projected results set forth therein by a material amount.
(b)As of the Closing Date, the information included in the Beneficial Ownership Certification is true and correct in all respects. 
Section 5.15Compliance with Laws.  Each Loan Party and each Restricted Subsidiary thereof is in compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties (including the Act), except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

124

Section 5.16Intellectual Property; Licenses, Etc.  The Borrower and its Restricted Subsidiaries own or possess the right to use all of the trademarks, service marks, trade names, trade dress, logos, domain names and all good will associated therewith, copyrights, patents, patent rights, trade secrets, know-how, franchises, licenses, and other intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for the operation of their respective businesses as currently conducted, without conflict with the rights of any other Person, except where the failure to own or possess the right to use any such IP Rights would not reasonably be expected to have a Material Adverse Effect.  The Borrower and its Restricted Subsidiaries hold all right, title and interest in and to such owned IP Rights free and clear of any Lien (other than Liens permitted by Section 7.01).  No slogan or other advertising device, product, process, method, substance, part or other material or activity now employed, or now contemplated to be employed, by the Borrower or any Restricted Subsidiary infringes upon, misappropriates or otherwise violates any rights held by any other Person, except where such infringement, misappropriation or other violation would not reasonably be expected to have a Material Adverse Effect.
Section 5.17Solvency.  As of the Closing Date, immediately after giving effect to the consummation of the Transactions, the Borrower and its Subsidiaries on a consolidated basis are Solvent.
Section 5.18Collateral Documents.  The provisions of the applicable Collateral Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject, in the case of any Collateral other than Collateral consisting of Equity Interests, to Permitted Liens and, in the case of Collateral consisting of Equity Interests, to non-consensual Liens permitted by Section 7.01 (collectively, such Liens, “Permitted Prior Liens”)) on all right, title and interest of the respective Loan Parties in the Collateral described therein.
Section 5.19Anti-Terrorism; Anti-Money Laundering; Etc.  The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance in all material respects by the Borrower, its Restricted Subsidiaries and their respective directors, officers, and employees with Anti-Corruption Laws and applicable Sanctions, and the Borrower, its Restricted Subsidiaries and, to the Borrower’s knowledge, its and its Restricted Subsidiaries’ respective officers and directors, are in compliance with Anti-Corruption Laws in all material respects and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in the Borrower being designated as a Sanctioned Person.  No Loan Party nor any of its Restricted Subsidiaries (i) is an “enemy” or an “ally of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act of the United States (50 U.S.C. App. §§ 1 et seq.), (ii) is in violation in any material respect of (A) the Trading with the Enemy Act, (B) any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V) or any enabling legislation or executive order relating thereto, (C) the Act or (D) any other laws relating to terrorism or money laundering (collectively, the “Anti-Terrorism Laws”) or (iii) is a Sanctioned Person.  No part of the proceeds of any Loan or Letter of Credit hereunder will be unlawfully used to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country, or in any other manner that will result in any violation in any material respect by any Loan Party or any Lender or Arranger, the Administrative Agent or any L/C Issuer or the Swing Line Lender of any Anti-Terrorism Laws or Sanctions.

125

Section 5.20Foreign Corrupt Practices Act. No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of Anti-Corruption Laws.
Section 5.21Affected Financial Institution.  No Loan Party is an Affected Financial Institution. 
ARTICLE 6.
AFFIRMATIVE COVENANTS
From and after the Closing Date, so long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification obligations as to which no claim has been asserted and obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) hereunder shall remain unpaid or unsatisfied, or any Letter of Credit (other than Letters of Credit which have been Cash Collateralized or as to which other arrangements satisfactory to the L/C Issuer have been made) shall remain outstanding, the Borrower shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02, 6.03, 6.13, 6.14 and 6.16) cause each Restricted Subsidiary to:
Section 6.01Financial Statements.  Deliver to the Administrative Agent: 
(a)within 90 days after the end of each Fiscal Year of the Borrower (commencing with the Fiscal Year ending September 30, 2020), a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such Fiscal Year, and the related consolidated statements of income or operations, changes in Shareholders’ Equity, and cash flows for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of PricewaterhouseCoopers LLP or any other independent certified public accountant of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” qualification, “going concern” exception or “going concern” explanatory paragraph  (other than a “going concern” qualification, exception or explanatory paragraph resulting solely from an upcoming maturity date under any Indebtedness occurring within one year from the time such opinion is delivered) or any qualification or exception paragraph as to the scope of such audit; provided, that the foregoing financial statements are accompanied by a reconciliation that explains or otherwise shows in reasonable detail the differences between the information relating to the Borrower and its Subsidiaries, on the one hand, and the information relating to the Borrower and its Restricted Subsidiaries on a standalone basis, on the other hand;

126

(b)in connection with each of the first three fiscal quarters of each Fiscal Year of the Borrower (commencing with the fiscal quarter ending March 31, 2020), within 45 days after the end of each such fiscal quarter, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, the related consolidated statements of income or operations for such fiscal quarter and for the portion of the Borrower’s Fiscal Year then ended, and the related consolidated statements of changes in Shareholders’ Equity, and cash flows for the portion of the Borrower’s Fiscal Year then ended, in each case setting forth in comparative form, as applicable, the figures for the corresponding fiscal quarter of the previous Fiscal Year and the corresponding portion of the previous Fiscal Year, all in reasonable detail, certified by the chief executive officer, chief financial officer, chief accounting officer, treasurer or controller of the Borrower as fairly presenting, in all material respects, the financial condition, results of operations, Shareholders’ Equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; provided, that the foregoing financial statements are accompanied by a reconciliation that explains or otherwise shows in reasonable detail the differences between the information relating to the Borrower and its Subsidiaries, on the one hand, and the information relating to the Borrower and its Restricted Subsidiaries on a standalone basis, on the other hand (the “Quarterly Financial Statements”); and 
(c)not later than 60 days after the end of each Fiscal Year of the Borrower (commencing with the Fiscal Year ending September 30, 2020), an annual budget of the Borrower and its Restricted Subsidiaries on a consolidated basis consisting of consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Restricted Subsidiaries on a quarterly basis for the then-current Fiscal Year (including the Fiscal Year in which the Latest Maturity Date occurs, if such Fiscal Year is the then-current Fiscal Year). 
As to any information contained in materials furnished pursuant to Section 6.02(c), the Borrower shall not be required separately to furnish such information under Section 6.01(a) or (b), but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Section 6.01(a) or (b) at the times specified therein.
Section 6.02Certificates; Other Information.  Deliver to the Administrative Agent, in form and detail reasonably satisfactory to the Administrative Agent:
(a)concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and (b), a duly completed Compliance Certificate (including, if the Revolving Facility Test Condition was applicable as of the date such financial statements, showing the calculation of the financial covenant set forth in Section 7.11) signed by the chief executive officer, chief financial officer, treasurer or controller of the Borrower;
(b)promptly after any request by the Administrative Agent or the Required Lenders acting through the Administrative Agent, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of the Borrower by independent accountants in connection with the accounts or books of the Borrower or any Restricted Subsidiary, or any audit of any of them;

127

(c)promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication sent to the shareholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, whether or not otherwise required to be delivered to the Administrative Agent pursuant hereto; provided that to the extent any such documents are filed with the SEC, such documents shall be deemed delivered pursuant to this Section 6.02(c) at the time of and so long as the Borrower notifies the Administrative Agent (by facsimile or electronic mail) of the filing with the SEC of any such documents; and
(d)promptly, such additional information regarding the business, financial or corporate affairs of the Borrower or any Restricted Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or the Required Lenders, through the Administrative Agent, may from time to time reasonably request.
Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(c) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (1) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 10.02 or (2) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent).
The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders and the L/C Issuers materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, SyndTrak or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information within the meaning of United States federal securities laws (“MNPI”) with respect to the Borrower or its Subsidiaries, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities.  The Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers, the L/C Issuers and the Lenders to treat such Borrower Materials as not containing any MNPI with respect to the Borrower or its Subsidiaries, or their respective securities (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information” (and the Administrative Agent agrees that only Borrower Materials marked “PUBLIC” will be made available on such portion of the Platform); and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform that is not designated “Public Side Information.”  Notwithstanding the foregoing, the Borrower shall be under no obligation to mark any Borrower materials “PUBLIC.”

128

Section 6.03Notices.  Promptly notify the Administrative Agent when a Responsible Officer of the Borrower has knowledge:
(a)of the occurrence of any Default;
(b)of any matter that has resulted or would reasonably be expected to result in a Material Adverse Effect, including (i) breach or non-performance of, or any default under, a Contractual Obligation of the Borrower or any Restricted Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between the Borrower or any Restricted Subsidiary and any Governmental Authority, including in connection with any tax liabilities, assessments, governmental charges or levies upon it or its properties or assets; and (iii) the commencement of, or any material development in, any litigation or proceeding affecting the Borrower or any Restricted Subsidiary, including pursuant to any applicable Environmental Laws; 
(c)of the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred or are reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect; or 
(d)of the incurrence or issuance of any Indebtedness for which the Borrower is required to make a mandatory prepayment pursuant to Section 2.05(b)(i).
Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto.  Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document, if any, that have been breached.
Section 6.04Preservation of Existence, Etc.  (a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or Section 7.05; (b) maintain all rights, privileges, permits, and licenses reasonably necessary in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; (c) preserve, maintain, renew and keep in full force and effect all of its registered patents, trademarks, trade names, trade dress and service marks, the failure of which to so preserve, maintain, renew or keep in full force and effect could reasonably be expected to have a Material Adverse Effect; and (d) pay, discharge or otherwise satisfy as the same shall become due and payable all Federal, state and other material Tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Restricted Subsidiary.

129

Section 6.05Maintenance of Properties. (a) Maintain, preserve and protect all of its properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted, and (b) make all necessary repairs thereto and renewals and replacements thereof, in each case with respect to clauses (a) and (b) except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.
Section 6.06Maintenance of Insurance. Maintain with financially sound and reputable insurance companies (that are not Affiliates of the Borrower) insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons, and providing for not less than 30 days’ prior notice to the Administrative Agent of termination, lapse or cancellation of such insurance, which insurance (except as to Excluded Subsidiaries and Immaterial Subsidiaries) shall name the Administrative Agent as loss payee (in the case of casualty insurance) or additional insured (in the case of liability insurance); provided, however, if any insurance proceeds are paid on account of a casualty to assets or properties of any Loan Party whether or not constituting Collateral and at such time no Event of Default shall have occurred and is continuing, then the Administrative Agent shall take such actions, including endorsement, to cause any such insurance proceeds to be promptly remitted to the Borrower to be used by the Borrower or such Loan Party in any manner not prohibited by this Agreement. 
Section 6.07Compliance with Laws.  Comply with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. Maintain in effect and enforce policies and procedures designed to ensure compliance in all material respects by the Borrower and its Restricted Subsidiaries and their respective directors, officers, and employees with Anti-Corruption Laws and applicable Sanctions. 
Section 6.08Books and Records. Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions, and if and to the extent required by GAAP, matters involving the assets and business of the Borrower or such Restricted Subsidiary, as the case may be.
Section 6.09Inspection Rights.  Permit representatives and independent contractors of the Administrative Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and to make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, at such reasonable times during normal business hours and as often as may be reasonably desired (but in no event more than one time per Fiscal Year of the Borrower and with the Borrower being required to pay all reasonable out-of-pocket expenses for one visit each Fiscal Year) by the Administrative Agent, upon reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists the Administrative Agent (or any of its respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice, and without limitation as to frequency.

130

Section 6.10Use of Proceeds.  Use the proceeds of the Credit Extensions (a) to pay any fees, costs and expenses related to the Revolving Credit Facility and (b) for working capital, acquisitions, Investments and for other general corporate purposes not in contravention of any Law or of any Loan Document.
Section 6.11Covenant to Guarantee Obligations and Give Security.  Upon the formation or acquisition by any Loan Party of any new direct or indirect Subsidiary (other than any Excluded Subsidiary or any Immaterial Subsidiary), or upon a Subsidiary of any Loan Party ceasing to be an Excluded Subsidiary or ceasing to be an Immaterial Subsidiary, as applicable, the Borrower shall, at the Borrower’s expense:
(i)within 30 days (as such time may be extended by the Administrative Agent in its reasonable discretion) following the creation or acquisition of such Subsidiary or following such Subsidiary ceasing to be an Excluded Subsidiary or ceasing to be an Immaterial Subsidiary, as applicable, cause such Subsidiary to (a) become a Guarantor and provide the Administrative Agent, for the benefit of the Secured Parties, a Lien on its assets (other than Excluded Assets) to secure the Obligations by executing and delivering to the Administrative Agent a joinder to the Collateral Agreement or such other document as the Administrative Agent shall deem appropriate for such purpose and (b) deliver to the Administrative Agent such other customary documentation reasonably requested by the Administrative Agent including, without limitation, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in clause (a)), all in form, content and scope reasonably satisfactory to the Administrative Agent; 
(ii)within 30 days after such formation or acquisition or after such Subsidiary ceases to be an Excluded Subsidiary or ceases to be an Immaterial Subsidiary, as applicable, cause each direct and indirect parent (to the extent such parent is a Loan Party) of such Subsidiary to pledge its interests in such Subsidiary to the Administrative Agent, for the benefit of the Secured Parties, to secure such parent’s Obligations (if it has not already done so) and deliver to the Administrative Agent all certificated Equity Interests of such Subsidiary (if any) together with transfer powers in respect thereof endorsed in blank, and cause such Subsidiary: 
(A)to duly execute and deliver to the Administrative Agent, for the benefit of the Secured Parties, any additional collateral and security agreements or supplements thereto, as reasonably specified by and in form and substance reasonably satisfactory to the Administrative Agent to secure payment of all the Obligations of such Subsidiary and constituting Liens on the personal property (other than Excluded Assets) of such Subsidiary; and

131

(B)to take whatever action (including the filing of UCC financing statements) may be necessary or advisable in the reasonable opinion of the Administrative Agent to vest in the Administrative Agent (or in any representative of the Administrative Agent designated by it) valid and subsisting first priority perfected Liens on Collateral purported to be subject to the Collateral Agreement and other agreements delivered pursuant to this Section 6.11, subject to Permitted Prior Liens; and
(iii)within 30 days after such formation or acquisition or after such Subsidiary ceases to be an Excluded Subsidiary or ceases to be an Immaterial Subsidiary, as applicable, deliver to the Administrative Agent, upon the request of the Administrative Agent, a signed copy of a favorable opinion, addressed to the Administrative Agent and the other Secured Parties, of counsel for the Loan Parties reasonably acceptable to the Administrative Agent as to the matters contained in clauses (i) and (ii) above, and as to such other matters as the Administrative Agent may reasonably request.
Notwithstanding any of the foregoing to the contrary or Section 6.15 below, (i) the Collateral shall exclude Excluded Assets, and shall be subject to the limitations and exclusions set forth in the applicable Collateral Documents, and (ii) no Foreign Subsidiary shall be required to become a Guarantor or grant a Lien on any of its assets (other than a pledge of Equity Interests in any of its Subsidiaries pursuant to clause (ii) above to the extent otherwise required hereunder (provided, however, no legal opinions of foreign counsel shall be required)) to secure any of the Obligations.
Section 6.12Compliance with Environmental Laws.  Comply, and cause all lessees and other Persons operating or occupying its owned properties to comply, with all applicable Environmental Laws and Environmental Permits, except where the failure to so comply would not reasonably be likely to have a Material Adverse Effect; and, if ordered by a final decree to do so by a Governmental Authority or otherwise required in the reasonable opinion of the Borrower pursuant to any Environmental Law, conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or other action reasonably necessary to address, and to be in material compliance with, such final decree or the material requirements of Environmental Laws; provided, however, that neither the Borrower nor any of its Restricted Subsidiaries shall be required to undertake any such ordered or required cleanup, removal, remedial or other action to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.
Section 6.13Environmental Disclosure. The Borrower will deliver to the Administrative Agent:
(a)as soon as practicable following receipt thereof, copies of all environmental audits, investigations, analyses and reports of any kind or character, whether prepared by personnel of the Borrower or any of its Restricted Subsidiaries or by independent consultants, Governmental Authorities or any other Persons, with respect to significant environmental matters at the Borrower’s or any other Loan Party’s real property or with respect to any Environmental Claims, in each case, that would reasonably be expected to have a Material Adverse Effect;

132

(b)promptly upon the occurrence thereof, written notice describing in reasonable detail (A) any Release required to be reported by the Borrower or any of its Restricted Subsidiaries to any federal, state or local governmental or regulatory agency under any Environmental Laws that would reasonably be expected to have a Material Adverse Effect, (B) any remedial action taken by the Borrower or any of its Restricted Subsidiaries or any other Persons of which the Borrower or any of its Restricted Subsidiaries has knowledge in response to (1) any Hazardous Materials Activities, the existence of which has a reasonable possibility of resulting in one or more Environmental Claims that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or (2) any Environmental Claims that, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect and (C) the Borrower’s discovery of any occurrence or condition arising under Environmental Law or relating to Hazardous Materials on any real property adjoining or in the vicinity of any facility that reasonably would be expected to have a Material Adverse Effect;
(c)as soon as practicable following the sending or receipt thereof by the Borrower or any of its Restricted Subsidiaries, a copy of any and all non-privileged written communications with respect to (A) any Environmental Claims that, individually or in the aggregate, would reasonably be expected to give rise to a Material Adverse Effect, (B) any Release required to be reported by the Borrower or any of its Restricted Subsidiaries to any federal, state or local governmental or regulatory agency that would reasonably be expected to have a Material Adverse Effect, and (C) any request made to the Borrower or any of its Restricted Subsidiaries for information from any governmental agency that suggests such agency is investigating whether the Borrower or any of its Restricted Subsidiaries may be potentially responsible for any Hazardous Materials Activity which would reasonably be expected to have a Material Adverse Effect;
(d)prompt written notice describing in reasonable detail (A) any proposed acquisition of stock, assets, or property by the Borrower or any of its Restricted Subsidiaries that would reasonably be expected to expose the Borrower or any of its Restricted Subsidiaries to, or result in, Environmental Claims that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (B) any proposed action to be taken by the Borrower or any of its Restricted Subsidiaries to modify current operations in a manner that could subject the Borrower or any of its Restricted Subsidiaries to any additional obligations or requirements under any Environmental Law that would reasonably be expected to have a Material Adverse Effect; and

133

(e)with reasonable promptness, such other documents and information as from time to time may be reasonably requested by the Administrative Agent in relation to any matters disclosed pursuant to this Section 6.13.  
Section 6.14Lender Calls.  If requested in writing by the Administrative Agent, participate in an annual meeting of the Administrative Agent and the Lenders to be held at the Borrower’s corporate offices (or at such other location as may be agreed to by the Borrower and the Administrative Agent, including by telephonic conference calls) at such time as may be agreed to by the Borrower and the Administrative Agent; provided that if, at any point, the Borrower is no longer required to file periodic reports under the Exchange Act, the Borrower shall be required to invite the Lenders to participate in any quarterly conference calls made available to the holders of any of the Senior Notes (although the Borrower shall have no obligation to hold any such quarterly conference calls).
Section 6.15Further Assurances.  Promptly upon request by the Administrative Agent or the Required Lenders through the Administrative Agent, (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the Loan Documents, (ii) to the fullest extent permitted by applicable law, subject any Loan Party’s properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Collateral Documents or Section 6.11,  (iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument executed in connection with any Loan Document to which any Loan Party or any of its Restricted Subsidiaries is or is to be a party, and cause each of its Restricted Subsidiaries to do so; provided that, notwithstanding the foregoing, the Loan Parties shall not be required to take actions to create or perfect the security interest of the Administrative Agent (x) on any property that is covered by a certificate of title statute of any jurisdiction under the law of which the indication of a security interest on such certificate is required as a condition of perfection thereof, or (y) if recordation of a security interest with the Federal Aviation Administration or the International Registry of Mobile Assets is required as a condition of perfection thereof.
Section 6.16Ratings.  At all times use commercially reasonable efforts to maintain public ratings by Moody’s and S&P with respect to the Borrower and the Facilities.
Section 6.17Designation of Restricted and Unrestricted Subsidiaries.   
The Borrower may designate any Restricted Subsidiary to be an Unrestricted Subsidiary in accordance with the definition of “Unrestricted Subsidiary”; provided that (i) immediately before and after giving effect to such designation, no Event of Default shall have occurred and be continuing, (ii) the Borrower shall be in pro forma compliance with the financial covenant set forth in Section 7.11 (whether or not such covenant is applicable at such time in accordance with its terms), and (iii) no Subsidiary may be designated as an Unrestricted Subsidiary if it is a “Restricted Subsidiary” as defined in any of the Senior Notes; provided that (x) solely with respect to the Designated Subsidiaries the foregoing clause (iii) shall not apply for a period commencing on the date the Designated Subsidiaries are designated as “Restricted Subsidiaries” as defined in any of the Senior Notes and ending on the date that is 30 days thereafter, and (y) the Administrative Agent shall have the right, and the Borrower hereby expressly authorizes the Administrative Agent, to make a written list of Designated Subsidiaries available to Lenders on the “Private Side Information” portion of the Platform.  

134

All outstanding Investments owned by the Borrower and its Restricted Subsidiaries in the designated Unrestricted Subsidiary will be treated as an Investment by the Borrower or such Restricted Subsidiary, as applicable, made at the time of the designation.  The amount of all such outstanding Investments will be the aggregate fair market value of such Investments at the time of the designation.  The designation will not be permitted if such Investment would not be permitted under Section 7.02 at that time and if such Restricted Subsidiary does not otherwise meet the definition of an Unrestricted Subsidiary.  Any designation of a Subsidiary of the Borrower as an Unrestricted Subsidiary shall be evidenced to the Administrative Agent by delivering to the Administrative Agent a certified copy of the board resolution of the Borrower giving effect to such designation and a certificate signed by a Responsible Officer of the Borrower certifying that such designation complied with the foregoing conditions and the conditions set forth in the definition of “Unrestricted Subsidiary” and was permitted by this Section 6.17, provided, however, (i) no Subsidiary may be designated as an Unrestricted Subsidiary if such designated Unrestricted Subsidiary will own any IP Rights and the failure of the Borrower or any of its Restricted Subsidiaries to own such IP Rights could reasonably be expected to have a Material Adverse Effect and (ii) neither the Borrower nor any of its Restricted Subsidiaries shall be permitted to contribute any IP Rights to an Unrestricted Subsidiary if (x) the failure by the Borrower or any of its Restricted Subsidiaries to own such IP Rights could reasonably be expected to have a Material Adverse Effect or (y) after giving effect to such contribution the Borrower would not be in pro forma compliance with the covenant set forth in Section 7.11 whether or not such covenant is applicable at such time in accordance with its terms.
If, at any time, any Unrestricted Subsidiary would fail to meet any of the requirements of an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Agreement and (1) any Indebtedness of such Subsidiary, (2) any Liens of such Subsidiary and (3) any Investments of such Subsidiary, in each case shall be deemed to be incurred by a Restricted Subsidiary of the Borrower as of such date and, if such Liens, Investments, or Indebtedness are not permitted to be incurred as of such date under Section 7.01, Section 7.02 or Section 7.03, as applicable, the Borrower shall be in default of such Section 7.01, Section 7.02 or Section 7.03, as applicable. 

135

The Borrower may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such designation shall be deemed to be an incurrence, on the date of designation, of Indebtedness, Liens and Investments by a Restricted Subsidiary of the Borrower of any outstanding Indebtedness, Liens and Investments of such Unrestricted Subsidiary and such designation shall only be permitted if (1) such Liens are permitted under Section 7.01, such Investments are permitted under Section 7.02, and such Indebtedness is permitted under Section 7.03; and (2) no Event of Default shall have occurred and be continuing; and provided further, however, if any such Subsidiaries are Designated Subsidiaries, then the foregoing proviso shall not apply to any such Designated Subsidiaries and, notwithstanding anything contained herein or in the other Loan Documents to the contrary, such Designated Subsidiaries shall not be subject to the terms and provisions of this Agreement (including, without limitation, Section 6.11 and Section 6.15) and the other Loan Documents during the period commencing on the date the Designated Subsidiaries are designated as “Restricted Subsidiaries” hereunder and ending on the date that is 30 days thereafter, and on such thirtieth day any such Designated Subsidiary that is a Restricted Subsidiary at such time shall be deemed, for purposes of Sections 7.01, 7.02 and 7.03, to have incurred all Liens, Investments, and Indebtedness of such Designated Subsidiary then outstanding.
    The following entities have previously been designated as Unrestricted Subsidiaries under this Agreement and remain Unrestricted Subsidiaries as of the Closing Date: 8th Avenue Food & Provisions, Inc., a Missouri corporation, Active Nutrition International GmbH, a German entity, Agricore United Holdings Inc., a Delaware corporation, American Blanching Company, a Georgia corporation, Attune Foods, LLC, a Delaware limited liability company, BellRing Brands, Inc., a Delaware corporation, BellRing Brands, LLC, a Delaware limited liability company, Dakota Growers Pasta Company, Inc., a North Dakota corporation, DNA Dreamfields Company, LLC, an Ohio limited liability company, Dymatize Enterprises, LLC, a Delaware limited liability company, GB Acquisition USA, Inc., a Washington corporation, Golden Acquisition Sub, LLC, a Delaware limited liability company, Golden Boy Nut Corporation, a Delaware corporation, Golden Nut Company (USA) Inc., a Washington corporation, Nuts Distributor of America Inc., a Washington corporation, Premier Nutrition Company, LLC, a Delaware limited liability company, Primo Piatto, Inc., a Minnesota corporation, Golden Boy Foods Ltd., a British Columbia corporation, PHI Acquisition GP ULC, a British Columbia unlimited liability company, PHI Acquisition LP ULC, a British Columbia unlimited liability company, PHI Acquisition Limited Partnership, a British Columbia limited partnership, Supreme Protein, LLC, a Delaware limited liability company, TA/DEI-A Acquisition Corp., a Delaware corporation, and any direct or indirect now or hereafter created or acquired Subsidiary of any of the foregoing.  The foregoing sentence does not prohibit or limit in any respect the ability of the Borrower to designate any of the foregoing Persons as Restricted Subsidiaries and thereafter re-designate any or all of such Persons as Unrestricted Subsidiaries, in each case, subject to the terms and conditions of this Section 6.17.

ARTICLE 7.
NEGATIVE COVENANTS
From and after the Closing Date, so long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification obligations as to which no claim has been asserted and obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) hereunder shall remain unpaid or unsatisfied, or any Letter of Credit (other than Letters of Credit which have been Cash Collateralized or as to which other arrangements satisfactory to the L/C Issuer have been made) shall remain outstanding, the Borrower shall not, nor shall it permit any Restricted Subsidiary to, directly or indirectly:

136

Section 7.01Liens.  Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following: 
(a)Liens pursuant to any Loan Document securing the Obligations;
(b)Liens existing on the Closing Date and listed on Schedule 7.01 and any modifications, replacements, renewals or extensions thereof; provided that (i) the Lien does not extend to any additional property other than (A) after-acquired property that is affixed or incorporated into the property covered by such Lien and (B) proceeds and products thereof, and (ii) the modification, replacement, renewal or extension of the obligations secured or benefited thereby, to the extent constituting Indebtedness, is permitted by Section 7.03(b);
(c)Liens for taxes (i) which are (x) not then more than 30 days overdue or (y) being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP or (ii) with respect to which the failure to make payment would not reasonably be expected to have a Material Adverse Effect;
(d)carriers’, warehousemen’s, landlords’, mechanics’, materialmen’s, repairmen’s or other like Liens granted or arising in the ordinary course of business (i) which secure amounts not overdue for a period of more than 60 days or if more than 60 days overdue, are unfiled and either no other action has been taken to enforce such Lien or such Liens are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP or (ii) with respect to which the failure to make payment could not reasonably be expected to have a Material Adverse Effect;
(e)pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA;
(f)deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness for borrowed money), statutory obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;
(g)easements, rights-of-way, restrictions (including zoning restrictions), encroachments, protrusions and other similar encumbrances and minor title defects affecting real property which, in the aggregate, do not materially interfere with the ordinary conduct of the business of the applicable Person; and Liens securing obligations (other than obligations representing Indebtedness for borrowed money) under operating, reciprocal easement or similar agreements entered into in the ordinary course of business of the Borrower and its Subsidiaries;

137

(h)Liens securing judgments, awards and decrees for the payment of money not constituting an Event of Default under Section 8.01(h) or securing appeal or other surety bonds related to such judgments; 
(i)(i) Liens securing Indebtedness permitted under Section 7.03(e); provided that (A) such Liens do not at any time encumber any property (except for replacements, additions and accessions to such property) other than the property financed by such Indebtedness and (B) the Indebtedness secured thereby does not exceed the cost or fair market value of the property, whichever is lower, being acquired on the date of acquisition, improvements thereto and related expenses; provided that individual financings of equipment provided by one lender may be cross collateralized to other financings of equipment provided by such lender on customary terms; and (ii) Liens securing Indebtedness permitted under Section 7.03(t); provided that (w) such Liens existed on the property or asset prior to the acquisition thereof by the Borrower or any Restricted Subsidiary or existed on the property or asset of any Person that becomes a Restricted Subsidiary in connection with a Permitted Acquisition or other Investment in the nature of an acquisition; (x) such Lien is not created in connection with such acquisition or such Person becoming a Restricted Subsidiary as a result of such Investment, as the case may be and (y) such Lien shall not encumber any other property or assets of the Borrower or any Restricted Subsidiary (other than any Person acquired by the Borrower or any Restricted Subsidiary as a result of a Permitted Acquisition or other Investment in the nature of an acquisition and any Restricted Subsidiary of such acquired Person as of the date of such Permitted Acquisition or other Investment in the nature of an acquisition);
(j)leases, licenses, subleases or sublicenses granted to others in the ordinary course of business which do not (i) interfere in any material respect with the business of the Borrower or any Restricted Subsidiary or (ii) secure any Indebtedness; 
(k)other Liens on property securing Indebtedness and other obligations in an aggregate principal amount outstanding at any time which does not exceed the greater of $341,000,000 and 3.00% of Consolidated Total Assets of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements, in the aggregate; 
(l)Liens on property of Restricted Subsidiaries that are not Loan Parties securing Indebtedness of such Restricted Subsidiaries that are not Loan Parties permitted by Section 7.03;
(m)Liens arising in connection with a Qualified Receivables Transaction on Receivables Program Assets permitted to be Disposed of pursuant to Section 7.05(l) securing Receivables Program Obligations permitted by Section 7.03(j); 
(n)Liens in favor of custom and revenue authorities arising as a matter of law to secure payment of non-delinquent customs duties in connection with the importation of goods;

138

(o)Liens upon specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of letters of credit and bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods;
(p)(i) Liens arising out of conditional sale, consignment, title retention or similar arrangements for the sale of goods entered into by the Borrower or any of its Restricted Subsidiaries in the ordinary course of business and (ii) purported Liens evidenced by the filing of UCC financing statements relating solely to operating leases or consignment or bailee arrangements entered into in the ordinary course of business;
(q)Liens (i) of a collection bank arising under Section 4-210 of the UCC on items in the course of collection; (ii) attaching to commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business; and (iii) in favor of banking institutions arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking industry;
(r)deposits made in the ordinary course of business to secure liability to insurance carriers, and Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto; 
(s)Liens on Cash Collateral granted in favor of any Lenders and/or L/C Issuers created as a result of any requirement or option to Cash Collateralize pursuant to this Agreement; 
(t)Liens that are customary contractual rights of setoff (i) relating to the establishment of depository relations with banks or other financial institutions not given in connection with the incurrence of Indebtedness; (ii) relating to pooled deposit or sweep accounts of the Borrower or any of its Restricted Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Borrower or any of its Restricted Subsidiaries; or (iii) relating to purchase orders and other agreements entered into with customers of the Borrower or any of its Restricted Subsidiaries in the ordinary course of business;
(u)(i) zoning, building, entitlement and other land use regulations by Governmental Authorities with which the normal operation of the business complies except for such noncompliance that does not materially interfere with the ordinary conduct of the business of the Borrower or any of its Restricted Subsidiaries; and (ii) any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of any real property that does not materially interfere with the ordinary conduct of the business of the Borrower or any of its Restricted Subsidiaries; 
(v)Liens solely on any cash earnest money deposits made by the Borrower or any of its Restricted Subsidiaries in connection with any letter of intent or purchase agreement permitted hereunder; 

139

(w)licenses and sublicenses of IP Rights, and Liens under licensing agreements for the use of intellectual property, in each case, either entered into in the ordinary course of business or pursuant to a bona fide transaction intended or expected to increase, maintain or preserve, or prevent a decrease in, the revenue, profits, cash flow, or value of the Borrower and its Restricted Subsidiaries, taken as a whole, and which could not reasonably be expected to have a Material Adverse Effect;
(x)Liens on cash and Cash Equivalents in an aggregate amount outstanding at any time not to exceed the greater of $250,000,000 and 25.00% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements to secure obligations of the Borrower or any Restricted Subsidiary in respect of ordinary course cash management arrangements or under Swap Contracts, in each case, that do not constitute Obligations; 
(y)Liens on Collateral securing obligations under the documentation for Indebtedness permitted pursuant to Section 7.03(s); provided that, if such indebtedness is secured by any or all of the Collateral, such Liens shall be subject to the Pari Passu Intercreditor Agreement, and (if then in effect) the Junior Lien Intercreditor Agreement if such indebtedness is secured on a pari passu basis (without regard to the control of remedies) with the Obligations and, otherwise,  to the Junior Lien Intercreditor Agreement; 
(z)Liens arising in the ordinary course of business under the Perishable Agricultural Commodities Act of 1930; 
(aa)    Liens on Equity Interests in joint ventures or Unrestricted Subsidiaries (i) securing obligations of such joint ventures or Unrestricted Subsidiaries or (ii) pursuant to the relevant joint venture agreement or arrangements; 
(bb)    Liens arising out of sale and lease-back transactions permitted under Section 7.15; 
(cc)    Liens (i) in favor of the Borrower or any Loan Party granted by a Restricted Subsidiary that is not a Loan Party or (ii) granted by any non-Loan Party in favor of any other non-Loan Party, in the case of each of clauses (i) and (ii), securing intercompany Indebtedness permitted under Sections 7.02 or 7.03; 
(dd)    Liens on cash or Cash Equivalents in respect of ordinary course cash management arrangements; 
(ee)    ground leases in respect of real property on which facilities owned or leased by the Borrower or any of its Restricted Subsidiaries are located; and
(ff)    Liens on fee owned real property which is not Negative-Pledge Real Property and related improvements and fixtures which secures Indebtedness in an aggregate principal amount outstanding at any time not to exceed the greater of $100,000,000 and 10.00% of Consolidated EBITDA. 

140

Section 7.02Investments.  Make any Investments, except:
(a)Investments held by the Borrower or such Restricted Subsidiary in the form of cash and Cash Equivalents;
(b)advances to officers, directors, employees and consultants of the Borrower and Restricted Subsidiaries (i) in an aggregate amount not to exceed $5,000,000 at any time outstanding, for payroll, salary, travel, entertainment, relocation and analogous ordinary business purposes; and (ii) in connection with such Person’s purchase of Equity Interests of the Borrower, provided that no cash is actually advanced pursuant to this clause (ii) unless promptly repaid;
(c)Investments (i) existing on the Closing Date in Subsidiaries existing on the Closing Date; provided that in the case of this clause (i), any such Investments in Restricted Subsidiaries that are not Loan Parties in the form of intercompany loans by Loan Parties if in excess of $25,000,000 in the aggregate shall be evidenced by notes that have been pledged (individually or pursuant to a global note) to the Administrative Agent in form and substance reasonably satisfactory to the Administrative Agent for the benefit of the Secured Parties unless such pledge would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower and its Restricted Subsidiaries as reasonably determined by Borrower in consultation with the Administrative Agent; (ii) in Loan Parties (including those formed or acquired after the Closing Date so long as the Borrower and its Restricted Subsidiaries comply with the applicable provisions of Section 6.11, provided that, notwithstanding anything to the contrary in this Agreement or any other Loan Document, the Lien of the Administrative Agent for the benefit of the Secured Parties shall not attach to any such Investment in the form of an intercompany loan and any intercompany note evidencing such loan shall not be required to be delivered to the Administrative Agent if any such note is subsequently reasonably promptly contributed to a Subsidiary that is not a Loan Party pursuant to Section 7.02(c)(iv)); (iii) by Restricted Subsidiaries that are not Loan Parties in Restricted Subsidiaries that are not Loan Parties; and (iv) by the Borrower or any other Loan Party in Unrestricted Subsidiaries, in Restricted Subsidiaries that are not Loan Parties or in other Persons; provided that, in the case of this clause (iv), (A) no Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) shall have occurred and be continuing, (B) the Borrower and its Restricted Subsidiaries comply with the applicable provisions of Section 6.11, (C) the aggregate amount of all such Investments incurred during the term of this Agreement (determined without regard to any write-downs or write-offs of such Investments) shall not exceed the sum of the greater (x) of $454,000,000 and (y) 4.00% of Consolidated Total Assets of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements; provided, that this clause (C) shall not apply to any such Investment in a Restricted Subsidiary that is not a Loan Party that is in the form of an equity contribution or intercompany loan if, reasonably promptly following receipt of such equity contribution or intercompany loan, the proceeds of such equity contribution or intercompany loan shall be used by such Restricted Subsidiaries that are not Loan Parties (or Restricted Subsidiaries thereof) to consummate a Permitted Acquisition (and any such Investment described in this proviso shall not utilize the basket set forth in this clause (C), but shall, if applicable, utilize the basket set forth in the definition of Permitted Acquisition) and (D) any such Investments in the form of intercompany loans if in excess of $25,000,000 in the aggregate shall be evidenced by notes that have been pledged (individually or pursuant to a global note) to the Administrative Agent in form and substance reasonably satisfactory to the Administrative Agent for the benefit of the Secured Parties unless (x) such pledge would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower and its Restricted Subsidiaries as reasonably determined by Borrower in consultation with the Administrative Agent or (y) reasonably promptly following the making of such intercompany loan the holder of such note representing such loan contributes such note as an equity contribution to any Restricted Subsidiary that is not a Loan Party that will reasonably promptly following receipt of such equity contribution consummate (or cause one or more of its Restricted Subsidiaries to consummate) a Permitted Acquisition, in which case and in each such case, notwithstanding anything to the contrary in this Agreement or any other Loan Document, the Lien of the Administrative Agent for the benefit of the Secured Parties shall not attach to any such note, and any such note shall not be required to be delivered to the Administrative Agent; 

141

(d)Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss;
(e)(i) any Investments by the Borrower or any Guarantor in the form of Permitted Acquisitions, and (ii) any Permitted Acquisition by any Restricted Subsidiary that is not a Loan Party (or any Restricted Subsidiary thereof) funded from, reasonably promptly following receipt thereof, the cash proceeds received by such Restricted Subsidiary (or any parent entity(ies) thereof that is also a Restricted Subsidiary and that received such proceeds in accordance with Section 7.02(c)(iv)) from any equity contribution or intercompany loan permitted under Section 7.02(c)(iv), and (iii) any Investment in or of any Person acquired by, or merged into or consolidated or amalgamated with, the Borrower or any Restricted Subsidiary after the Closing Date (other than an Investment in connection with a Permitted Acquisition in Persons who do not become Loan Parties), in each case pursuant to an Investment otherwise permitted by this Section 7.02 after the Closing Date to the extent that such Investments of such Person were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation, and any modification, replacement, renewal or extension of any Investment permitted under clause (iii) of this Section 7.02(e) so long as any such modification, replacement, renewal or extension thereof does not increase the amount of such Investment except as otherwise permitted by this Section 7.02; 
(f)Guarantees of Indebtedness permitted by Section 7.03; 
(g)to the extent constituting Investments, transactions expressly permitted under Sections 7.04 (other than Section 7.04(c)) and 7.14; 
(h)Investments existing on, or made pursuant to legally binding written commitments in existence on, the Closing Date and set forth on Schedule 7.02 and any modification, replacement, renewal or extension thereof; provided, that the amount of the original Investment is not increased except by the terms of such Investment or as otherwise permitted by this Section 7.02 and the terms and conditions of such modified, replacement, renewed or extended Investment shall not be materially less favorable, taken as a whole, to the Loan Parties than the Investment being modified, replaced, renewed or extended;

142

(i)promissory notes, property (tangible or intangible) and other non-cash consideration received in connection with Dispositions permitted by Section 7.05; 
(j)Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business and upon the foreclosure with respect to any secured Investment or other transfer of title with respect to any secured Investment; 
(k)Investments to the extent that payment for such Investments is made solely by the issuance of Equity Interests of the Borrower or a Subsidiary (unless the issuance of Equity Interests in a Subsidiary is prohibited by Section 7.05), in each case, to the extent not resulting in a Change of Control; 
(l)Restricted Subsidiaries of the Borrower may be established or created if the Borrower and such Restricted Subsidiary comply with the requirements of Section 6.11, if applicable; provided that, in each case, to the extent such new Restricted Subsidiary is created solely for the purpose of consummating a transaction pursuant to an acquisition permitted by this Section 7.02, and such new Restricted Subsidiary at no time holds any assets or liabilities other than any merger or acquisition consideration contributed to it contemporaneously with the closing of such transactions, such new Restricted Subsidiary shall not be required to take the actions set forth in Section 6.11, as applicable, until the applicable acquisition is consummated (at which time the surviving entity of the applicable transaction shall be required to so comply in accordance with the provisions thereof);
(m)Investments in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in any other Person, in each case, (i) in connection with a Qualified Receivables Transaction and (ii) constituting a Disposition permitted pursuant to Section 7.05(l);
(n)Swap Contracts to the extent permitted pursuant to Section 7.03(d); 
(o)other Investments; provided that in no event shall the aggregate amount of Investments allowed pursuant to this Section 7.02(o) during the term of this Agreement exceed the sum of (1) so long as no Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) has occurred and is continuing or would be caused thereby, the greater of (x) $454,000,000 and (y) 4.00% of Consolidated Total Assets of the Borrower based on the Most Recent Financial Statements plus (2) an amount not to exceed the Available Amount at the time of the making of such Investment; provided that the portion of the Available Amount attributed to clause (a)(2) of the definition thereof shall not be available for any such Investments made pursuant to this clause (o)(2) if an Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) has occurred and is continuing or would be caused thereby; 

143

(p)Investments in Term Loans pursuant to Section 10.06(b)(vii);
(q)Investments consisting of the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other Persons; 
(r)Investments so long as (i) no Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) has occurred and is continuing or would be caused thereby and (ii) the pro forma Total Net Leverage Ratio would be less than 4.00:1.00; 
(s)Investments (i) constituting deposits, prepayments and other credits to suppliers, (ii) made in connection with obtaining, maintaining or renewing client and customer contracts and (iii) in the form of advances made to distributors, suppliers, licensors and licensees, in each case, in the ordinary course of business or, in the case of clause (iii), to the extent necessary to maintain the ordinary course of supplies to the Borrower or any Restricted Subsidiary; 
(t)[reserved];
(u)Investments in any Restricted Subsidiary in connection with reorganizations and related activities related to Tax planning; provided that, after giving effect to any such reorganization and related activities, the Lien of the Administrative Agent in the Collateral and the value thereof, taken as a whole, is not materially impaired and after giving effect to such Investment, the Borrower and its Restricted Subsidiaries shall otherwise be in compliance with Section 6.11; 
(v)pension fund and other employee benefit plan obligations and liabilities; 
(w)Investments in the Borrower or any Restricted Subsidiary in connection with intercompany cash management arrangements and related activities in the ordinary course of business; 
(x)Investments in any Parent Company in amounts and for purposes for which Restricted Payments by the Borrower are permitted under Section 7.06(e); provided that any such Investments made as provided above in lieu of such Restricted Payments shall reduce availability under the applicable Restricted Payment basket under Section 7.06(e);
(y)Investments consisting of the licensing or sublicensing of IP Rights in each case, either entered into in the ordinary course of business or pursuant to a bona fide transaction intended to increase the revenue of the Borrower and its Restricted Subsidiaries and which could not reasonably be expected to have a Material Adverse Effect; and
(z)(i) Investments in an Unrestricted Subsidiary to the extent comprised of assets of, or Equity Interests in, an Unrestricted Subsidiary and (ii) Investments consisting of the contribution of the Equity Interests of the  Designated Subsidiaries to any newly formed holding company that is a wholly owned direct or indirect Restricted Subsidiary of the Borrower (the “Designated Parent Subsidiary”).

144

Section 7.03Indebtedness.  Create, incur, assume or suffer to exist any Indebtedness, except:
(a)Indebtedness under (A) the Loan Documents, including, without limitation, Incremental Term Loans, Incremental Revolving Loans and any Refinancing Facility, (B) the 2026 Senior Notes in an aggregate principal amount not to exceed $1,750,000,000 (inclusive of any Permitted Refinancing of the 2026 Senior Notes), (C) the 2027 Senior Notes in an aggregate principal amount not to exceed $750,000,000 (inclusive of any Permitted Refinancing of the 2027 Senior Notes), (D) the 2028 Senior Notes in an aggregate principal amount not to exceed $1,000,000,000 (inclusive of any Permitted Refinancing of the 2028 Senior Notes), (E) the 2029 Senior Notes in an aggregate principal amount not to exceed $750,000,000 (inclusive of any Permitted Refinancing of the 2029 Senior Notes), and (F) the 2030 Senior Notes in an aggregate principal amount not to exceed $1,250,000,000 (inclusive of any Permitted Refinancing of the 2030 Senior Notes);
(b)Indebtedness outstanding on the Closing Date and listed on Schedule 7.03 and any Permitted Refinancing thereof; provided that any such Indebtedness (including any Permitted Refinancing thereof), to the extent owed by a Loan Party to a Restricted Subsidiary that is not a Loan Party, shall be unsecured and subordinated to the payment of the Obligations in a manner reasonably satisfactory to the Administrative Agent;
(c)(i) Guarantees by the Borrower or any Guarantor in respect of Indebtedness otherwise permitted hereunder of the Borrower or any Guarantor; (ii) Guarantees by any Restricted Subsidiary that is not a Loan Party in respect of Indebtedness otherwise permitted hereunder of the Borrower or any Restricted Subsidiary; and (iii) Guarantees by the Borrower or any Guarantor in respect of Indebtedness otherwise permitted hereunder of Restricted Subsidiaries that are not Loan Parties to the extent such Guarantee constitutes an Investment permitted by Sections 7.02(c)(i), (c)(iv), 7.02(o) or 7.02(r);
(d)obligations (contingent or otherwise) of the Borrower or any Restricted Subsidiary existing or hereafter arising under any Swap Contract; provided that (i) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation; and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party (other than pursuant to customary netting or set-off provisions and except as contemplated by Section 10.23);
(e)Indebtedness of the Borrower or any Restricted Subsidiary in respect of Capital Leases and purchase money obligations for fixed or capital assets, which may be secured by Liens under and within the applicable limitations set forth in Section 7.01(i); provided, however, that the aggregate principal amount of all such Indebtedness at any one time outstanding pursuant to this clause (e) shall not exceed the greater of (x) $500,000,000 and (y) 50.00% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements; 

145

(f)Indebtedness of the Borrower or any Restricted Subsidiary owing to the Borrower or any Restricted Subsidiary to the extent constituting an Investment permitted by Section 7.02(c), 7.02(o) or 7.02(r); provided that, such Indebtedness, to the extent owed by a Loan Party to a Restricted Subsidiary that is not a Loan Party, shall be subordinated to the payment of the Obligations in a manner reasonably satisfactory to the Administrative Agent; 
(g)Non-Guarantor Debt in an aggregate principal amount outstanding at any time not to exceed the Non-Guarantor Debt Cap; 
(h)[reserved];
(i)other Indebtedness of the Borrower and its Restricted Subsidiaries in an aggregate principal amount outstanding at any time not to exceed the greater of (x) $568,000,000 and (y) 5.00% of Consolidated Total Assets of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements; 
(j)Indebtedness in respect of Receivables Program Obligations in an aggregate principal amount outstanding at any time not to exceed the greater of (x) $500,000,000 and (y) 50.00% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements; provided that at such time (i) the Borrower is in pro forma compliance with the Secured Leverage Ratio set forth in Section 7.11 as of the last day of the most recently completed Measurement Period (whether or not such covenant is applicable at such time in accordance with its terms), with Indebtedness in respect of Receivables Program Obligations being incurred or which has previously been incurred pursuant to this Section 7.03(j) being deemed to be Consolidated Senior Secured Debt, whether or not satisfying the requirements thereof, and (ii) no Event of Default shall have occurred and be continuing at the time such Indebtedness is incurred;
(k)Indebtedness of the Borrower or any of its Restricted Subsidiaries consisting of obligations to pay insurance premiums or take-or-pay obligations contained in supply arrangements incurred in the ordinary course of business;
(l)Indebtedness consisting of obligations of the Borrower or its Restricted Subsidiaries under deferred consideration or other similar arrangements (including earn-outs, indemnifications, incentive non-competes and other contingent obligations and agreements consisting of the adjustment of purchase price or similar adjustments) incurred by such Person in connection with any Permitted Acquisition or Disposition permitted by Section 7.05 or any other Investment permitted under Section 7.02;
(m)Indebtedness incurred by the Borrower or any of its Restricted Subsidiaries in respect of bank guarantees, warehouse receipts or similar instruments (other than letters of credit) issued or created in the ordinary course of business consistent with past practice, including in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance, or other Indebtedness with respect to reimbursement type obligations (other than obligations in respect of letters of credit) regarding workers compensation claims; 

146

(n)Indebtedness or obligations in respect of performance and completion guaranties, or customs, stay, performance, bid, surety, statutory, appeal, performance and return of money bonds, tenders, statutory obligations, leases, governmental contracts, trade contracts or other similar obligations incurred in the ordinary course of business and, in each case, not in respect of borrowed money or in respect of any letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments to support any of the foregoing items;
(o)Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within five Business Days of incurrence; 
(p)Indebtedness in respect of commercial credit cards, stored value cards, purchasing cards and treasury management services, and other netting services, overdraft protections and overdraft facilities, automated clearing-house arrangements, employee credit card programs, corporate cards and purchasing cards, controlled disbursement, ACH transactions, return items, interstate depository network service, cash pooling and operational foreign exchange management, and, in each case, similar arrangements and otherwise in connection with cash management arrangements, including cash management arrangements among the Borrower and its Restricted Subsidiaries, including Indebtedness arising under or in connection with any Cash Management Agreement with a Cash Management Bank; 
(q)Indebtedness incurred under commercial letters of credit issued for the account of the Borrower or any of its Restricted Subsidiaries in the ordinary course of business (and not for the purpose of, directly or indirectly, incurring Indebtedness or providing credit support or a similar arrangement in respect of Indebtedness) or Indebtedness of the Borrower or any of its Restricted Subsidiaries under letters of credit and bank guarantees backstopped by Letters of Credit issued under this Agreement; 
(r)Indebtedness representing deferred compensation to employees of the Borrower or any of its Restricted Subsidiaries incurred in the ordinary course of business; 
(s)(A) Indebtedness incurred or issued by the Borrower or by any Restricted Subsidiary of the Borrower in an amount not to exceed in the aggregate the Incremental Available Amount (such debt, “Incremental Equivalent Debt”); provided that, 
(i)no Event of Default shall exist before or after giving effect to the incurrence of such Incremental Equivalent Debt; 

147

(ii)such Incremental Equivalent Debt shall not be Guaranteed by any Person that is not a Guarantor; 
(iii)if such Incremental Equivalent Debt is in the form of loans secured by any or all of the Collateral on a pari passu basis with the Liens securing the Obligations hereunder, such Incremental Equivalent Debt shall be subject to Section 2.14(g)(iv) as if such Incremental Equivalent Debt were a Class of Incremental Term Loans;
(iv)the terms of such Incremental Equivalent Debt shall not be more restrictive, taken as a whole, to the Borrower and its Restricted Subsidiaries than those applicable to any Facility at the time of incurrence of such Incremental Equivalent Debt, unless (x) such other terms apply only after the Latest Maturity Date at the time of incurrence of such Incremental Equivalent Debt, (y) this Agreement is amended so that such terms are also applicable for the benefit of any Lenders under the then-existing Facilities or (z) such other terms relate only to pricing, fees or redemption terms; 
(v)(x) if such Incremental Equivalent Debt is secured on a pari passu basis with the Liens securing the Obligations hereunder, the stated maturity of such Incremental Equivalent Debt shall be no earlier than the Latest Maturity Date at the time of incurrence of such Incremental Equivalent Debt and (i) if there are any Term Loans outstanding at such time, the Weighted Average Life to Maturity of such Incremental Equivalent Debt shall be no shorter than the remaining Weighted Average Life to Maturity of any then-existing Facility hereunder and (ii) if there are no Term Loans outstanding, the Weighted Average Life to Maturity of such Incremental Equivalent Debt shall be no shorter than 36 months and (y) if such Incremental Equivalent Debt is secured on a junior basis to the Liens securing the Obligations hereunder or is unsecured, the stated maturity of such Incremental Equivalent Debt is not less than 91 days following the Latest Maturity Date at the time of incurrence of such Incremental Equivalent Debt and the Weighted Average Life to Maturity of such Incremental Equivalent Debt shall be no shorter than the remaining Weighted Average Life to Maturity of any then-existing Facility hereunder;
(vi)the aggregate principal amount outstanding of all Non-Guarantor Debt that is Incremental Equivalent Debt does not exceed the Non-Guarantor Debt Cap; 
(vii) the Borrower shall deliver or cause to be delivered legal opinions and such other documents reasonably requested by the Administrative Agent in connection with such transaction; and
(viii) if such Incremental Equivalent Debt is secured, the representative and collateral trustee acting on behalf of the holders of such Incremental Equivalent Debt shall have executed and delivered to the Administrative Agent (x) a joinder to the Pari Passu Intercreditor Agreement and (if then in effect) the Junior Lien Intercreditor Agreement (if such Incremental Equivalent Debt is secured by any or all of the Collateral on a pari passu basis (without regard to control of remedies) with the Obligations hereunder) in accordance with the terms hereof and (y) a joinder to the Junior Lien Intercreditor Agreement (if such Incremental Equivalent Debt is secured by any or all of the Collateral on a junior basis to the Obligations hereunder) in accordance with the terms thereof; provided that if such Indebtedness is the initial issuance of Indebtedness that would cause such documents to be executed, then the Borrower, the Guarantors, the Administrative Agent and the representative and collateral trustee for such Other First Lien Obligations shall have executed and delivered the Pari Passu Intercreditor Agreement and/or the Junior Lien Intercreditor Agreement, as applicable and

148

(B) Permitted Refinancing of any Indebtedness incurred under the foregoing clause (A) (provided that any such Permitted Refinancing of any such Indebtedness that was initially incurred in reliance on clause (a) of the definition of Incremental Available Amount (or any Permitted Refinancing thereof) shall continue to be deemed to be a utilization of such clause (a) for purposes hereof); 
(t)(x) Indebtedness assumed in connection with a Permitted Acquisition or other Investment in the nature of an acquisition so long as (i) such Indebtedness existed prior to the consummation of such Permitted Acquisition or other Investment in the nature of an acquisition, (ii) such Indebtedness is not created in contemplation of such Permitted Acquisition or other Investment in the nature of an acquisition, (iii) such Indebtedness is solely the obligation of such Person, and not of the Borrower or any other Restricted Subsidiary (other than any Person acquired by the Borrower or any Restricted Subsidiary as a result of such Permitted Acquisition or other Investment in the nature of an acquisition and any Restricted Subsidiary of such acquired Person as of the date of such Permitted Acquisition or other Investment in the nature of an acquisition) and (iv) if such Indebtedness (excluding leases) is secured, the pro forma Secured Net Leverage Ratio would not exceed the greater of 4.00:1.00 and the Secured Net Leverage Ratio immediately prior to giving effect to such Permitted Acquisition or other Investment in the nature of an acquisition and if such Indebtedness (excluding leases) is unsecured, the pro forma Consolidated Interest Coverage Ratio would be greater than or equal to the lesser of 2.00:1.00 and the pro forma Consolidated Interest Coverage Ratio immediately prior to giving effect to such Permitted Acquisition or other Investment in the nature of an acquisition and (y) Permitted Refinancings of any Indebtedness assumed under the foregoing clause (x);
(u)(i) Indebtedness incurred in the ordinary course of business in respect of obligations of the Borrower or any Restricted Subsidiary to pay the deferred purchase price of goods or services or progress payments in connection with such goods and services, (ii) Indebtedness in respect of any letter of credit, bankers’ acceptance, bank guaranty or similar instrument supporting trade payables, warehouse receipts or similar facilities entered into in the ordinary course of business, and (iii) Indebtedness consisting of obligations owing under any customer or supplier incentive, supply, license or similar agreements entered into in the ordinary course of business;
(v)unfunded pension fund and other employee benefit plan obligations and liabilities incurred in the ordinary course of business to the extent that the unfunded amounts would not otherwise cause an Event of Default under Section 8.01(i);

149

(w)customer deposits and advance payments received in the ordinary course of business from customers for goods and services purchased in the ordinary course of business; 
(x)without duplication of any other Indebtedness, all premiums (if any), interest (including post-petition interest and payment in kind interest), accretion or amortization of original issue discount, fees, expenses and charges with respect to Indebtedness permitted hereunder; 
(y)Indebtedness incurred in connection with sale and leaseback transactions permitted pursuant to Section 7.15; and
(z)Indebtedness secured by fee owned real property which is not Negative-Pledge Real Property and related improvements and fixtures in an aggregate principal amount outstanding at any time not to exceed the greater of $100,000,000 and 10.00% of Consolidated EBITDA.
Notwithstanding anything to the contrary herein, no Restricted Subsidiary shall be permitted to guarantee the Senior Notes or any Permitted Refinancing thereof unless such Restricted Subsidiary also guarantees the Obligations.
Section 7.04Fundamental Changes.  Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would result therefrom:
(a)any Subsidiary may merge with (i) the Borrower; provided that the Borrower shall be the continuing or surviving Person and (ii) any Subsidiary; provided that (A) when any wholly-owned Subsidiary is merging with another Subsidiary, a wholly-owned Subsidiary shall be the continuing or surviving Person, (B) when any Restricted Subsidiary is merging with another Subsidiary, either (I) a Restricted Subsidiary shall be the continuing or surviving Person or (II) an Unrestricted Subsidiary shall be the continuing or surviving person (if such Person shall be permitted to be designated as an Unrestricted Subsidiary hereunder (other than pursuant to Section 7.02(g))), (C) when any Guarantor is merging with another Subsidiary, the continuing or surviving Person shall either (I) be a Guarantor or (II) a Loan Party, and (D) if as a result thereof, the Borrower owns, directly or indirectly, less of such Subsidiary’s equity interests than it did prior to the merger, such merger shall also constitute a Disposition subject to Section 7.05 (and must be permitted by any clause thereof other than Section 7.05(d));
(b)(i) any Subsidiary may merge, amalgamate, liquidate, dissolve or change its form if the Borrower determines in good faith that such merger, amalgamation, liquidation, dissolution or change in form (x) is in the best interests of the Borrower and (y) is not materially disadvantageous to the Lenders; provided that in the case of a merger, amalgamation, dissolution or liquidation of a Loan Party that results in a distribution of assets to a Subsidiary that is not a Loan Party, such distribution shall be treated as an Investment and shall comply with Section 7.02 and (ii) any Subsidiary may merge, dissolve, liquidate or consolidate, so long as the purpose thereof is to effect a Disposition permitted pursuant to Section 7.05;

150

(c)the Borrower or any Restricted Subsidiary may consummate any Permitted Acquisition or any other Investment permitted by Section 7.02; provided that (i) in any such transaction involving the Borrower, the Borrower shall be the continuing or surviving Person; and (ii) in any such transaction involving a Guarantor, the continuing or surviving Person shall be a Guarantor or a Loan Party; and
(d)any Restricted Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation, dissolution or otherwise) (i) to the Borrower or to a Guarantor; or (ii) if the transferor is not a Guarantor, to any other Restricted Subsidiary; provided in each case that (A) if the transferor in such a transaction is a wholly-owned Subsidiary, then the transferee must either be the Borrower or one or more wholly-owned Subsidiaries, (B) if the transferor in such a transaction is a wholly-owned Restricted Subsidiary, then the transferee must either be the Borrower or one or more wholly-owned Restricted Subsidiaries and (C) to the extent that the transferee is not the Borrower or one or more wholly-owned Restricted Subsidiaries (based on the percentage of such transferee which is not owned directly or indirectly by the Borrower), the Disposition shall constitute a Disposition subject to Section 7.05 and shall be permitted under this Section 7.04 so long as it is permitted by any clause of Section 7.05 (other than Section 7.05(d)).
Section 7.05Dispositions.  Make any Disposition or enter into any agreement to make any Disposition, in each case, having a fair market value in excess of the greater of (i) $35,000,000 and (i) 3.50% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements in a single transaction or in a related series of transactions, except:
(a)Dispositions of surplus, obsolete, used or worn out property, whether now owned or hereafter acquired in the ordinary course of business and Dispositions of property (including, without limitation, real estate and related improvements) no longer used or useful in the conduct of the business of the Borrower and its Restricted Subsidiaries (including allowing any registrations or any applications for registration of any immaterial intellectual property to lapse or go abandoned);
(b)(x) Dispositions of inventory or equipment in the ordinary course of business and (y) the leasing or subleasing of real property in the ordinary course of business;
(c)Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of other property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property;
(d)Dispositions of property by the Borrower to any Restricted Subsidiary, or by any Restricted Subsidiary to the Borrower or to a Restricted Subsidiary; provided that if the transferor of such property is the Borrower or a Guarantor, the transferee thereof must either be the Borrower or a Guarantor; 

151

(e)Dispositions of accounts receivable for purposes of collection or forgiveness or discounting of accounts receivable in the ordinary course of business; 
(f)Dispositions of investment securities, cash and Cash Equivalents in the ordinary course of business; 
(g)(A) Dispositions permitted by Section 7.04 (other than Section 7.04(a)(ii), Section 7.04(b) or Section 7.04(d)(ii)); (B) Dispositions that constitute Investments permitted by Section 7.02 (other than Section 7.02(g)); and (C) Dispositions that constitute Restricted Payments permitted by Section 7.06;
(h)(i) Dispositions, licensing, sublicensing and cross-licensing arrangements, in each case, involving any technology or IP Rights of the Borrower or any Restricted Subsidiary in each case, either entered into in the ordinary course of business or pursuant to a bona fide transaction intended to increase the revenue of the Borrower and its Restricted Subsidiaries and which could not reasonably be expected to have a Material Adverse Effect, (ii) the Disposition, abandonment, cancellation or lapse of IP Rights, or any issuances or registrations, or applications for issuances or registrations, of any IP Rights, which, in the reasonable good faith determination of the Borrower or its Restricted Subsidiaries are no longer economically practicable to maintain, worth the cost of maintaining, or used or useful in any material respect, (iii) Dispositions of IP Rights through expiration in accordance with their respective statutory terms, or (iv) Dispositions, licensing, sublicensing and cross-licensing arrangements involving any technology or IP Rights of (A) the Borrower or any Restricted Subsidiary that is a Loan Party to the Borrower or any Restricted Subsidiary that is a Loan Party, or (B) any Restricted Subsidiary that is not a Loan Party to the Borrower or any Restricted Subsidiary that is not a Loan Party;
(i)transfers of condemned property as a result of the exercise of “eminent domain” or other similar policies to the respective Governmental Authority or agency that has condemned the same (whether by deed in lieu of condemnation or otherwise), and transfers of property that has been subject to a casualty to the respective insurer of such real property as part of an insurance settlement;
(j)Dispositions by the Borrower and its Restricted Subsidiaries of property not otherwise permitted under this Section 7.05 (but in any event excluding Receivables Program Assets); provided that with respect to any Disposition with a purchase price in an aggregate amount (with respect to any single Disposition or series of related Dispositions) in excess of the greater of (i) $70,000,000 and (ii) 7.00% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements, (i) at the time of such Disposition and after giving effect thereto, no Event of Default shall exist or would result from such Disposition as of the date of the agreement governing such Disposition, (ii) the consideration received for such property shall be in an amount at least equal to the fair market value thereof and (iii) no less than 75% of such consideration shall be paid in cash; provided, however, that for the purposes of clause (iii), the following shall be deemed to be cash: (A) any liabilities (as shown on the Borrower’s or the applicable Restricted Subsidiary’s most recent balance sheet provided hereunder or in the footnotes thereto) of the Borrower or such Restricted Subsidiary (other than liabilities that are by their terms subordinated to the Obligations) that are assumed by the transferee with respect to the applicable Disposition and for which the Borrower and all of its Restricted Subsidiaries shall have been validly released by all applicable creditors in writing, (B) any securities received by the Borrower or the applicable Restricted Subsidiary from such transferee that are converted by the Borrower or such Restricted Subsidiary into cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received) within 180 days (or such longer period as the Administrative Agent may agree) following the closing of the applicable Disposition and (C) any Designated Non-Cash Consideration received any in respect of such Disposition having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received during the term of this Agreement pursuant to this clause (C), not in excess of the greater of (i) $100,000,000 and (ii) 10.00% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements; 

152

(k)Dispositions by the Borrower and its Restricted Subsidiaries of property acquired after the Closing Date in Permitted Acquisitions; provided that (i) the Borrower identifies any such assets to be divested in reasonable detail in writing to the Administrative Agent within 180 days (or such longer period as the Administrative Agent may agree) following the closing of such Permitted Acquisition and (ii) the fair market value of the assets to be divested in connection with any Permitted Acquisition does not exceed an amount equal to 35.00% of the total cash and non-cash consideration for such Permitted Acquisition;
(l)Dispositions of Receivables Program Assets in connection with a Qualified Receivables Transaction; provided that (i) the consideration received for such assets shall be in an amount at least equal to the fair market value thereof, (ii) the outstanding principal amount of Indebtedness in respect of Receivables Program Obligations shall not exceed the maximum amount permitted to be outstanding under Section 7.03(j), and (iii) no Event of Default shall have occurred and be continuing at the time such Disposition is made; 
(m)leases, licenses, subleases or sublicenses granted to others in the ordinary course of business or the termination thereof which (i) do not interfere in any material respect with the business of the Borrower or any Restricted Subsidiary or (ii) relate to closed branches or manufacturing facilities or the discontinuation of any product or service line;
(n)any issuance or sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary;
(o)Dispositions of Investments in joint ventures or any Subsidiary that is not a wholly-owned Subsidiary to the extent required by, or made pursuant to, buy/sell arrangements between the joint venture or similar parties set forth in joint venture arrangements and similar binding arrangements;
(p)(i) termination of leases in the ordinary course of business, (ii) the expiration of any option agreement in respect of real or personal property and (iii) any surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or other litigation claims (including in tort) in the ordinary course of business;

153

(q)any merger, consolidation, Disposition or conveyance the sole purpose of which is to reincorporate or reorganize (i) any Domestic Subsidiary in another jurisdiction in the United States. or (ii) any Foreign Subsidiary in the United States or any other jurisdiction;
(r)Dispositions of assets in connection with the closing or sale of an office in the ordinary course of business of the Borrower and its Restricted Subsidiaries, which consist of leasehold interests in the premises of such office, the equipment and fixtures located at such premises and the books and records relating exclusively and directly to the operations of such office; provided that as to each and all such sales and closings, (i) on the date on which the agreement governing such Disposition is executed, no Event of Default shall result and (ii) such sale shall be on commercially reasonable prices and terms in a bona fide arm’s-length transaction; 
(s)the Disposition of aircrafts, motor vehicles, trailers, cabs, and information technology equipment; 
(t)sale and leaseback transactions permitted pursuant to Section 7.15; 
(u)exchanges or swaps, including transactions covered by Section 1031 of the Code (or any comparable provision of any foreign jurisdiction), of property or assets so long as the exchange or swap is made for fair value (as reasonably determined by the Borrower) for like property or assets; provided that within 90 days of any such exchange or swap, in the case of any Loan Party and to the extent such property does not constitute an "Excluded Asset", the Administrative Agent has a perfected Lien having the same priority as any Lien held on the assets so exchanged or swapped; and
(v)terminations of Swap Contracts.
Section 7.06Restricted Payments.  Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:
(a)each Restricted Subsidiary may make Restricted Payments to the Borrower, the Guarantors and any other Person (including any other Restricted Subsidiary) that owns an Equity Interest in such Restricted Subsidiary ratably according to their respective holdings of the relevant class of Equity Interest in respect of which such Restricted Payment is being made;
(b)the Borrower and each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely in Qualified Equity Interests of such Person, in the case of a Restricted Subsidiary, ratably to each Person that owns an Equity Interest in such Restricted Subsidiary of the class of Equity Interest in respect of which the Restricted Payment is being made;

154

(c)the Borrower and each Restricted Subsidiary may purchase, redeem or otherwise acquire or retire Equity Interests issued by it with the proceeds (whether in cash or Equity Interests) received from the substantially concurrent issue of new Qualified Equity Interests issued by it or Equity Interests of any Parent Company; 
(d)the Borrower and each Restricted Subsidiary may make Restricted Payments pursuant to and in accordance with their stock option, stock purchase and other benefit plans of general application to management, directors, employees or other individual services providers of the Borrower and its Restricted Subsidiaries, as adopted or implemented in the ordinary course of business;
(e)the Borrower may (i) declare and make dividends or distributions to its shareholders, partner or members in respect of Qualified Equity Interests and (ii) purchase, redeem, retire or otherwise acquire for Qualified Equity Interests issued by it in an aggregate amount with respect to clauses (i) and (ii) collectively during the term of this Agreement not to exceed the sum of (1) so long as no Event of Default shall have occurred and be continuing at the time of any action described in this clause (e)(1) or would result therefrom, the greater of $454,000,000 and 4.00% of Consolidated Total Assets of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements, plus (2) an amount not to exceed the Available Amount at the time of the making of such dividend, distribution, retirement, purchase, redemption or acquisition; provided that, (x) the portion of the Available Amount attributed to clause (a)(1) of the definition thereof shall not be available for any such Restricted Payment made pursuant to this clause (e)(2) if an Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) shall have occurred and be continuing at the time of any action described in this clause (e) or would result therefrom and (y) the portion of the Available Amount attributed to clause (a)(2) of the definition thereof shall not be available for any such Restricted Payment made pursuant to this clause (e)(2) if (i) the pro forma Consolidated Interest Coverage Ratio would be less than 2.00:1.00 or (ii) an Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) shall have occurred and be continuing at the time of any action described in this clause (e) or would result therefrom;
(f)so long as no Event of Default shall have occurred and be continuing at the time of any action described in this clause (f) or would result therefrom, the Borrower may declare and make cash dividends or distributions to its shareholders, partners or members in respect of Disqualified Equity Interests;
(g)Investments pursuant to Section 7.02(c) shall be permitted;
(h)non-cash repurchases of Equity Interests of the Borrower deemed to occur (i) upon the non-cash exercise of stock options and warrants or similar equity incentive awards, and (ii) in connection with the withholding of a portion of the Equity Interests granted or awarded to a director or an employee to pay for the taxes payable by such director or employee upon such grant or award shall be permitted; 
(i)the Borrower or any of its Restricted Subsidiaries may (i) pay cash in lieu of fractional shares in connection with any dividend, distribution, split or combination thereof or any Permitted Acquisition and (ii) honor any conversion request by a holder of convertible Indebtedness and make cash payments in lieu of fractional shares in connection with any such conversion;

155

(j)the payment of dividends and distributions within ninety (90) days after the date of declaration thereof, if at the date of declaration of such payment, such payment would have complied with the other provisions of this Section 7.06 shall be permitted; 
(k)the purchase, redemption, acquisition, cancellation or other retirement for a nominal value per right of any rights granted to all holders of Equity Interests of the Borrower pursuant to any shareholders’ or members’ rights plan adopted for the purpose of protecting shareholders from unfair takeover tactics shall be permitted; provided that any such purchase, redemption, acquisition, cancellation or other retirement of such rights is not for the purpose of evading the limitations of this covenant (all as determined in good faith by a Responsible Officer that is a senior financial officer of the Borrower);
(l)[reserved];
(m)the payment of dividends or distributions on, or share repurchases of, the Borrower’s Common Stock in any fiscal year not to exceed an amount equal to 6.00% of the Borrower’s Market Capitalization shall be permitted;
(n)unlimited Restricted Payments shall be permitted so long as (i) no Event of Default shall exist before or after giving effect to such Restricted Payment and (ii) the pro forma Total Net Leverage Ratio would be less than 4.00:1.00;
(o)the Borrower and each Restricted Subsidiary may make Tax and Related Distributions; 
(p)the Borrower may repurchase (or make Restricted Payments to any Parent Company to enable it to repurchase) its Equity Interests upon the exercise of options or warrants or other securities convertible into or exchangeable for Equity Interests if such Equity Interests represent all or a portion of the exercise price of such options or warrants or other securities as part of a “cashless” exercise and
(q)the distribution, by dividend, split, spin or otherwise, of the Equity Interests of the Designated Parent Subsidiary and/or any of the Designated Subsidiaries;
(r)the Borrower may make Restricted Payments to the extent necessary to permit any Parent Company to pay (i) general administrative fees, costs and expenses (including corporate overhead, corporate maintenance, insurance premiums, audit and other accounting and reporting fees, costs and expenses, SEC fees, costs and expenses, legal or similar fees, costs and expenses and customary wages, salary, bonus and other benefits payable to directors, officers, employees, members of management, consultants and/or independent contractors of any Parent Company, fees, costs and expenses in connection with debt or equity offerings (whether or not consummated), and fees, costs and expenses in connection with Investments (whether or not consummated), in the case of such Investments or debt or equity offerings, so long as and to the extent that such Investments or the proceeds of such debt or equity offerings are contributed or were intended to be contributed (if such Investment, debt or equity offerings were not consummated) to the Borrower or its Restricted Subsidiaries), in each case, which are reasonable and customary and incurred in the ordinary course of business by such Parent Company, and (ii) any reasonable and customary indemnification claims made by current or former directors, officers, members of management, employees or consultants of any Parent Company, in the case of each of clauses (i) and (ii), solely to the extent (1) attributable to the ownership by such Parent Company of the Borrower and/or its Subsidiaries or to the payment by such Parent Company of any of such expenses on behalf of the Borrower and its Subsidiaries and (2) that the Borrower and its Restricted Subsidiaries have not otherwise made payments to such Parent Company or any of its Affiliates in respect of such fees, costs and expenses; provided that Restricted Payments under this clause (r) that are attributable to any Unrestricted Subsidiary shall be permitted only to the extent that either (x) such Unrestricted Subsidiary has made one or more cash distributions, advances or loans to the Borrower or any of its Restricted Subsidiaries for such purpose in an amount up to the amount of such Unrestricted Subsidiary’s proportionate share of such fees, costs and expenses or (y) the amount of such Restricted Payments made by the Borrower on behalf of such Unrestricted Subsidiary is treated as an Investment subject to Section 7.02 hereof; and
156

(s)the Borrower may make Restricted Payments to any Parent Company to enable such Parent Company to make Restricted Payments consisting of (1) cash payments in lieu of the issuance of fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Equity Interests of such Parent Company or (2) (A) payments made or expected to be made in respect of withholding or similar Taxes payable by any future, present or former officers, directors, employees, members of management, managers or consultants of the Borrower, any Subsidiary or Parent Company or any of their respective Immediate Family Members in respect of their purchase of Equity Interests of such Parent Company and/or (B) repurchases of Equity Interests in consideration of the payments described in clause (A), including demand repurchases in connection with the exercise of stock options; provided that, for purposes of this clause (s), Restricted Payments shall only be made to a Parent Company that owns no Equity Interests in any other Person other than the Borrower and its Subsidiaries.
Section 7.07Change in Nature of Business.  Engage in any material line of business substantially different from the Permitted Business.
Section 7.08Transactions with Affiliates.  Enter into any transaction of any kind involving, pursuant to any such transaction, payments in excess of the greater of (i) $35,000,000 and (ii) 3.50% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries in any Fiscal Year based on the Most Recent Financial Statements with any Affiliate of the Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms not materially less favorable to the Borrower or such Restricted Subsidiary than would be obtainable by the Borrower or such Restricted Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate, provided that the foregoing restriction shall not apply to:

157

(a)transactions between or among Loan Parties or between and among Restricted Subsidiaries that are not Loan Parties;
(b)Qualified Receivables Transactions otherwise permitted hereunder; 
(c)the payment of reasonable fees, expenses, indemnities, and compensation (including equity compensation) to and insurance provided on behalf of current, former and future officers, employees, managers, and directors of the Borrower or any of its Restricted Subsidiaries and indemnification agreements entered into by the Borrower or any of its Restricted Subsidiaries;
(d)employment and severance arrangements with current, former and future officers and employees and transactions pursuant to stock option plans and employee benefit plans and arrangements in the ordinary course of business;
(e)transactions pursuant to agreements in existence on the Closing Date and set forth on Schedule 7.08 or any amendment thereto to the extent such an amendment is not adverse to the Lenders in any material respect; 
(f)Restricted Payments made pursuant to Section 7.06; 
(g)transactions between or among Loan Parties and Restricted Subsidiaries who are not Loan Parties provided any such transaction does not adversely impact the Collateral securing the Obligations or the guarantees of the Obligations, impair the rights of or benefits or remedies available to the Secured Parties under any Loan Document or result in (and are not reasonably expected to result in) a Material Adverse Effect; provided that, during the continuance of an Event of Default, any amounts payable by a Loan Party to a Restricted Subsidiary that is not a Loan Party in connection with any such transactions shall be subordinated to the payment of the Obligations;
(h)the pledge of Equity Interests of Unrestricted Subsidiaries; 
(i)any issuance, sale or grant of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of employment arrangements, stock options and stock ownership plans approved by the board of directors (or equivalent governing body) of the Borrower or any Restricted Subsidiary;
(j)(i) any collective bargaining agreements, employment agreements or arrangements, severance agreements or compensatory (including profit sharing) arrangements entered into by the Borrower or any of its Restricted Subsidiaries with their respective current or former officers, directors, members of management, managers, employees, consultants or independent contractors or those of any Parent Company, (ii) any subscription agreement or similar agreement pertaining to the repurchase of Equity Interests pursuant to put/call rights or similar rights with current or former officers, directors, members of management, managers, employees, consultants or independent contractors and (iii) transactions pursuant to any employee compensation arrangement, benefit plan, stock option plan or arrangement, any health, disability or similar insurance plan which covers current or former officers, directors, members of management, employees, consultants or independent contractors; 

158

(k)Guarantees permitted by this Agreement; and
(l)non-exclusive Licenses or sublicenses of IP Rights in the ordinary course of business with any of its Subsidiaries. 
Section 7.09Restrictive Agreements.  Enter into any Contractual Obligation (other than this Agreement or any other Loan Document) that limits the ability (i) of any Restricted Subsidiary to make Restricted Payments to the Borrower or any Guarantor or to otherwise transfer property to the Borrower or any Guarantor, (ii) of any Restricted Subsidiary to Guarantee the Indebtedness of the Borrower hereunder or (iii) of the Borrower or any Restricted Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person to secure the Obligations; provided, however, that clauses (i) and (iii) shall not prohibit any negative pledge or similar provision, or restriction on transfer of property, incurred or provided in favor of any holder of Indebtedness permitted under Section 7.03(e) and Section 7.15 solely to the extent any such negative pledge relates to the property financed by or the subject of such Indebtedness or transaction or any other property securing any other Indebtedness permitted under Section 7.03(e) or Section 7.15 to the extent permitted thereunder.  Notwithstanding the foregoing, this Section 7.09 will not restrict or prohibit: 
(a)to the extent constituting a limitation described in Section 7.09(i) above, restrictions imposed pursuant to an agreement that has been entered into in connection with a transaction permitted pursuant to Section 7.05 with respect to the property that is subject to that transaction;
(b)restrictions imposed by any agreement relating to secured Indebtedness permitted pursuant to Section 7.03(b), (d) (to the extent secured under Section 7.01(x)), (e), (g), (i), (j), (k), or (t), in each case in respect of the limitation described in Section 7.09(iii) to the extent that such restrictions apply only to the property or assets securing such Indebtedness; 
(c)provisions restricting subletting or assignment of Contractual Obligations; 
(d)to the extent constituting a limitation described in Section 7.09(i) above, restrictions contained in Indebtedness permitted under (x) Section 7.03(g) or (y) Sections 7.03 (g), (i), (s), (t) or (x), in the case of this clause (y) so long as such restrictions are no more restrictive, taken as a whole, to the Borrower and its Restricted Subsidiaries than the restrictions or covenants contained in this Agreement;
(e)to the extent constituting a limitation described in Section 7.09(i) or 7.09(ii) above, provisions with respect to the disposition or distribution of assets or property in joint venture agreements and other similar agreements entered into by the Borrower and its Restricted Subsidiaries in the ordinary course of business; 

159

(f)to the extent constituting the limitation described in Section 7.09(i) or 7.09(ii) above, customary restrictions on a Receivables Subsidiary and Receivables Program Assets effected in connection with a Qualified Receivables Transaction;
(g)to the extent constituting a limitation described in Section 7.09(i) above, restrictions on cash or other deposits or net worth imposed by customers on the Borrower and its Restricted Subsidiaries under contracts entered into in the ordinary course of business;
(h)to the extent constituting a limitation described in Section 7.09(i) above, encumbrances or restrictions arising or agreed to in the ordinary course of business, not relating to any Indebtedness, and that do not, individually or in the aggregate, detract from the value of property or assets of the Borrower or any of its Restricted Subsidiaries in any manner material to the Borrower or any of its Restricted Subsidiaries; 
(i)(x) to the extent constituting a limitation described in Section 7.09(i) above, encumbrances or restrictions existing under, by reason of or with respect to customary provisions contained in leases, licenses of intellectual property and other agreements, in each case, entered into by the Borrower or any of its Restricted Subsidiaries in the ordinary course of business and (y) to the extent constituting a limitation described in Section 7.09(iii) above, encumbrances or restrictions existing under, by reason of or with respect to customary provisions contained in licenses of intellectual property or leases which prohibit the granting of a Lien on such intellectual property licensed to the Borrower or any of its Restricted Subsidiaries pursuant to the lease or license agreement, in each case, (i) entered into by the Borrower or any of its Restricted Subsidiaries with parties that are not the Borrower or any of its Restricted Subsidiaries and (ii) entered into in the ordinary course of business or
(j)(x) restrictions set forth in any of the Senior Notes, in each case as in effect on the Closing Date or as amended, modified, refinanced, replaced, renewed or extended in a manner that is not more restrictive, taken as a whole, than the Senior Notes as in effect on the Closing Date and (y) similar restrictions set forth in any similar Indebtedness permitted to be incurred hereunder after the Closing Date, provided that such restrictions are no more restrictive, taken as a whole, than those set forth in the Senior Notes as in effect on the Closing Date.
Section 7.10Use of Proceeds.  Request any Credit Extension, use, or allow any of its Restricted Subsidiaries to use, the proceeds of any Credit Extension, (a) in furtherance of an offer, payment, promise to pay or authorization of the payment or giving of money, or anything else of value to any Person in violation of Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of, or with, any Sanctioned Person or in any Sanctioned Country, or (c) to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

160

Section 7.11Secured Net Leverage Ratio.  Commencing with the first full fiscal quarter ending after the Closing Date,  permit the Secured Net Leverage Ratio at the end of any fiscal quarter on which the Revolving Facility Test Condition is then satisfied to be greater than 4.25:1.00.  
Section 7.12Amendments of Organization Documents.  Amend any of its Organization Documents in a manner materially adverse to the Lenders.
Section 7.13Fiscal Year.  Make any change in its Fiscal Year.
Section 7.14Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy more than ninety (90) days prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any subordinated, unsecured or junior secured Indebtedness in an aggregate principal amount during the term of this Agreement in excess of the greater of (x) $75,000,000 and (y) 7.50% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements (such Indebtedness, the “Restricted Indebtedness”), except, in each case, for:
(a)the refinancing thereof with the proceeds of any Permitted Refinancing permitted by Section 7.03, 
(b)the prepayment of Indebtedness of the Borrower or any Restricted Subsidiary owed to the Borrower or any Restricted Subsidiary to the extent not prohibited by the subordination provisions applicable thereto, 
(c)so long as no Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) has occurred and is continuing or would be caused thereby, during the term of this Agreement, prepayments, redemptions, purchases or other payments made to satisfy Restricted Indebtedness (not in violation of any subordination terms in respect thereof) in an amount not to exceed the greater of $500,000,000 and 5.00% of Consolidated Total Assets of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements, 
(d)an amount not to exceed the Available Amount at the time of the making of such prepayment, redemption, repurchase or other payment; provided that the portion of the Available Amount attributed to clause (a)(2) of the definition thereof shall not be available for any such prepayments, redemptions, purchases or other payments made to satisfy Restricted Indebtedness made pursuant to this clause (d) if an Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) has occurred and is continuing or would be caused thereby, 
(e)so long as no Event of Default under Section 8.01(a), 8.01(f) or 8.01(g) has occurred and is continuing or would be caused thereby, prepayments, redemptions, purchases or other payments made to satisfy Restricted Indebtedness (not in violation of any subordination terms in respect thereof) shall be permitted so long as the pro forma Total Net Leverage Ratio would be less than 4.00:1.00, and

161

(f)regularly scheduled interest, fees and indemnification obligations due under any document, agreement or instrument evidencing any Restricted Indebtedness or entered into in connection with any Restricted Indebtedness, other non-principal payments thereunder, any mandatory prepayments of principal, interest and fees thereunder, scheduled payments thereon necessary to avoid the Restricted Indebtedness from constituting “applicable high yield discount obligations” within the meaning of Section 163(i)(1) of the Code and principal on the scheduled maturity date of any Restricted Indebtedness (or within ninety (90) days thereof), in each case to the extent not expressly prohibited by the subordination provisions applicable thereto, if any.
Section 7.15Sale-Leaseback Transactions.  Enter into any sale-leaseback transaction in which any Loan Party is the seller or the lessee unless the disposition of assets is permitted under Section 7.05 and the incurrence of indebtedness is permitted by Section 7.03; provided, that the aggregate amount of all such sales during the term of this Agreement shall not exceed the greater of (x) $400,000,000 and (y) 40.00% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries based on the Most Recent Financial Statements.
Section 7.16Amendments of Indebtedness.  Amend, modify, or change in any manner any term or condition of any Restricted Indebtedness, in each case, in a manner materially adverse to the Lenders or that would effect a prepayment, redemption or repurchase or a Restricted Payment not otherwise permitted under Section 7.06 or Section 7.14, as applicable. 
Section 7.17Negative Pledge on Negative-Pledge Real Property.  With respect to any Negative-Pledge Real Property owned by the Borrower or any other Loan Party, (i) create, incur, assume or permit to exist any Lien on all or any part of such Negative-Pledge Real Property, or (ii) file, or permit the filing of, any financing statement or other similar notice of any Lien with respect thereto under the UCC of any state or under any similar recording or notice statute, in each case on all or any part of such real property or any associated fixtures, in each case other than those liens permitted by Section 7.01(a), (b), (c), (d), (g), (h), (i), (j), (k), (p), (u), (bb), (cc), and (ee).

ARTICLE 8.
EVENTS OF DEFAULT AND REMEDIES
Section 8.01Events of Default.  Each of the following shall constitute an Event of Default (each, an “Event of Default”):
(a)Non-Payment.  The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three Business Days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five Business Days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

162

(b)Specific Covenants. (i) The Borrower fails to perform or observe any term, covenant or agreement contained in any of Sections 6.03(a), 6.04 (with respect to the Borrower’s existence) or 6.10, or Article 7 (other than Section 7.11) or (ii) the Borrower fails to perform or observe the covenant contained in Section 7.11; provided that a breach of the requirements of Section 7.11 shall not constitute an Event of Default for purposes of any Facility other than the Revolving Credit Facility unless and until the Required Revolving Credit Lenders have terminated the Revolving Credit Commitments and/or demanded repayment of, or otherwise accelerated, the Indebtedness owed to them hereunder; or
(c)Other Defaults.  Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the Administrative Agent provides written notice to the Borrower of such failure; or 
(d)Representations and Warranties.  Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect, in any material respect, when made or deemed made; or
(e)Cross-Default. (i) The Borrower or any Restricted Subsidiary (other than an Escrow Subsidiary) (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee of Indebtedness (other than Indebtedness under the Loan Documents and Indebtedness under Swap Contracts) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee of Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, in each case after any applicable grace, cure or notice period, the effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee of Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee of Indebtedness to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined, or as such comparable term may be used and defined, in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which the Borrower or any Restricted Subsidiary is the Defaulting Party (as defined, or as such comparable term may be used and defined, in such Swap Contract) or (B) any Termination Event (as defined, or as such comparable term may be used and defined, in such Swap Contract) under such Swap Contract as to which the Borrower or any Restricted Subsidiary is an Affected Party (as defined, or as such comparable term may be used and defined, in such Swap Contract) and, in either event, the Swap Termination Value owed by the Borrower or such Restricted Subsidiary as a result thereof is greater than the Threshold Amount; or

163

(f)Insolvency Proceedings, Etc.  Any Loan Party or any of its Restricted Subsidiaries (other than an Immaterial Subsidiary or an Escrow Subsidiary) institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or
(g)Inability to Pay Debts; Attachment. (i) The Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary or an Escrow Subsidiary) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or
(h)Judgments.  There is entered against the Borrower or any Restricted Subsidiary (other than an Escrow Subsidiary) (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments or orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 
(i)ERISA. (i) An ERISA Event occurs that alone or together with any other ERISA Event that has occurred could reasonably be expected to result in a Material Adverse Effect, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount that could reasonably be expected to result in a Material Adverse Effect; or
(j)Invalidity of Loan Documents.  Any provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder including the release or termination thereof by the Administrative Agent or the Required Lenders or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document; or

164

(k)Change of Control.  There occurs any Change of Control; or
(l)Collateral Documents.  Any Collateral Document after delivery thereof pursuant to Article 4 or Section 6.11 shall for any reason (other than pursuant to the terms hereof) cease to create a valid and perfected first priority Lien (subject to Permitted Prior Liens) on the Collateral purported to be covered thereby.
Section 8.02Remedies Upon Event of Default.  If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders (or, in the case of Section 8.02(a) (insofar as it relates to the obligations of the Revolving Credit Lenders to make Revolving Credit Loans, the L/C Issuers to make L/C Credit Extensions and the Swing Line Lender to make Swing Line Loans) and Section 8.02(e) below, in each case, the Required Revolving Credit Lenders), take any or all of the following actions:
(a)declare the commitment of each Lender to make Loans and any obligation of the L/C Issuers to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 
(b)declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; 
(c)require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to 105% of the then Outstanding Amount thereof); 
(d)exercise on behalf of itself, the Lenders and the L/C Issuers all rights and remedies available to it, the Lenders and the L/C Issuers under the Loan Documents or at law or in equity; and
(e)upon the occurrence of an Event of Default under Section 7.11 that is unwaived, (x) terminate the Revolving Credit Commitments and/or (y) take any or all of the actions specified in Section 8.02(a), (b), (c) or (d) in respect of the Revolving Credit Commitments, Revolving Loans, Letters of Credit and Swing Line Loans;
provided, however, that (i) upon the taking of any action by or upon the direction of the Required Revolving Credit Lenders as contemplated by clause (e) above, the Required Lenders may take any of the actions contemplated by clause (a) though (d) above with respect to any Facility hereunder and (ii) upon the occurrence of any Event of Default set forth in Section 8.01(f), the obligation of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender.

165

Section 8.03Application of Funds.  After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall, subject to the provisions of Sections 2.15 and 2.16 and of any Pari Passu Intercreditor Agreement then in effect, be applied by the Administrative Agent in the order specified in Section 6.5 of the Collateral Agreement.
ARTICLE 9.
AGENCY
Section 9.01Appointment and Authority. 
(a)Each of the Lenders and each L/C Issuer hereby irrevocably appoints Barclays Bank PLC to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.  The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuers, and the Borrower shall not have rights as a third-party beneficiary of any of such provisions.  It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law.  Instead, such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 
(b)The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a potential Cash Management Bank and potential Hedge Bank) and the L/C Issuers hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and such L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto.  In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder (at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article 9 and Article 10 (including Section 10.04(c)), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents, as if set forth in full herein with respect thereto; provided that to the extent an L/C Issuer is entitled to indemnification under this Section 9.01 solely in connection with its role as an L/C Issuer, only the Revolving Credit Lenders shall be required to indemnify such L/C Issuer in accordance with this Section 9.01.  The provisions of this Article 9 shall survive the payment in full of the Obligations, the termination of the Commitments and the termination of this Agreement. 

166

Section 9.02Rights as a Lender.  Each Agent shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent hereunder, and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as such Agent hereunder in its individual capacity.  Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not an Agent hereunder and without any duty to account therefor to the Lenders.
Section 9.03Exculpatory Provisions.  No Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and any such duties hereunder and thereunder shall be administrative in nature.  Without limiting the generality of the foregoing, the Agents:
(a)shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;
(b)shall not have any duty to take any discretionary action or exercise any discretionary powers, except (in the case of the Administrative Agent) discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability that is contrary to any Loan Document or applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and
(c)shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as such Agent or any of its Affiliates in any capacity.
The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 8.02 and 10.01) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment.  The Administrative Agent shall be deemed not to have knowledge of any Default unless and until it shall have received written notice from a Lender, an L/C Issuer or the Borrower referring to this Agreement, describing such Default and stating that such notice is a “notice of default.”

167

No Agent or any of its Related Parties shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral or (vi) the satisfaction of any condition set forth in Article 4 or elsewhere herein, other than, in the case of the Administrative Agent, to confirm receipt of items expressly required to be delivered to the Administrative Agent.
Section 9.04Reliance.  Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person.  Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon.  In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or such L/C Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or such L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit.  The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.
Section 9.05Delegation of Duties.  The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent.  The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties.  The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent.  The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub agents.

168

Section 9.06Resignation of Administrative Agent.  The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuers and the Borrower.  Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a financial institution with an office in the United States, or an Affiliate of any such financial institution with an office in the United States.  If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders and the L/C Issuers appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuers under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (b) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and L/C Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section.  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section).  The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.  After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent.
Any resignation by the entity serving as Administrative Agent pursuant to this Section shall also constitute its resignation as an L/C Issuer (if applicable) and Swing Line Lender, if applicable.  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor may agree to succeed to and become vested with all of the rights, powers, privileges and duties of a retiring L/C Issuer and Swing Line Lender, if applicable.  In connection with any such agreement to succeed to the retiring L/C Issuer, the successor L/C Issuer, if applicable, shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements reasonably satisfactory to the retiring L/C Issuer to effectively assume the obligations of such retiring L/C Issuer with respect to such Letters of Credit.

169

Notwithstanding the foregoing, the failure of any successor to agree to succeed to a retiring L/C Issuer and/or Swing Line Lender shall not affect the resignation of such retiring L/C Issuer or Swing Line Lender, as the case may be.  The retiring L/C Issuer shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit issued by it and outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)), but shall have no obligation to issue any additional Letters of Credit or to amend, extend or otherwise modify any existing Letters of Credit (except as required pursuant to the terms of any such existing Letters of Credit). The retiring Swing Line Lender shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c) but shall have no obligation to make any additional Swing Line Loans.
Section 9.07Non-Reliance on Administrative Agent and Other Lenders.  Each Lender and each L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.  Each Lender and each L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.
Section 9.08No Other Duties, Etc.  Anything herein to the contrary notwithstanding, none of the Arrangers or the Agents shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or an L/C Issuer hereunder.
Section 9.09Administrative Agent May File Proofs of Claim.  In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relating to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated), by intervention in such proceeding or otherwise:
(a)to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuers and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuers and the Administrative Agent under Sections 2.03(h) and (i), 2.09 and 10.04) allowed in such judicial proceeding; and

170

(b)to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;
and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and 10.04.
Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or L/C Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender or L/C Issuer in any such proceeding.
Section 9.10Collateral and Guaranty Matters.  Each Lender (including in its capacities as a potential Cash Management Bank and as a potential Hedge Bank) and L/C Issuer irrevocably authorizes the Administrative Agent, at its option and in its discretion, after the Closing Date:
(a)to release any Lien to the extent securing the Obligations on any property granted to or held by the Administrative Agent under any Loan Document (i), upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations as to which no claim has been asserted and (B) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements), the expiration or termination of all Letters of Credit (other than Letters of Credit which have been Cash Collateralized or as to which other arrangements satisfactory to the Administrative Agent and the applicable L/C Issuer shall have been made) and the termination and payment in full of all obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements in respect of which the Administrative Agent has received notice pursuant to Section 9.11 (other than any such agreements as to which other arrangements reasonably satisfactory to the applicable Cash Management Bank or Hedge Bank have been made), (ii) that is Disposed of in a transaction permitted hereunder the result of which is that, following the consummation thereof, no Loan Party has rights in the property being Disposed of  or (iii) if approved, authorized or ratified in writing in accordance with Section 10.01; 
(b)to release any Guarantor from its Guarantee of the Obligations under the Collateral Agreement (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations as to which no claim has been asserted and (B) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements), the expiration or termination of all Letters of Credit (other than Letters of Credit which have been Cash Collateralized or as to which other arrangements satisfactory to the Administrative Agent and the applicable L/C Issuer shall have been made) and the termination and payment in full of all obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements in respect of which the Administrative Agent has received notice pursuant to Section 9.11 (other than any such agreements as to which other arrangements reasonably satisfactory to the applicable Cash Management Bank or Hedge Bank have been made), or (ii) if approved, authorized or ratified in writing in accordance with Section 10.01;

171

(c)to release any Guarantor from its Guarantee of the Obligations and all Liens granted by any such Guarantor, and all pledges of Equity Interests in any such Guarantor under the Collateral Agreement if such Person ceases to be a Restricted Subsidiary (including by being designated an Unrestricted Subsidiary in accordance with Section 6.17 hereof, or by way of liquidation, merger, consolidation, amalgamation or dissolution or Disposition thereof as permitted by this Agreement), or becomes an Immaterial Subsidiary or an Excluded Subsidiary (unless such Person continues to guarantee any of the Senior Notes or any Permitted Refinancing thereof); provided that, if such Guarantor becomes an Excluded Subsidiary by virtue of being a first tier Affected Foreign Subsidiary, then the release of any pledge of Equity Interests therein shall be limited to 35% of the voting Equity Interests thereof and if such Affected Foreign Subsidiary is a direct or indirect Subsidiary of an Affected Foreign Subsidiary, then the release shall be 100% of any pledge of Equity Interests of such Subsidiary; provided, however, that if such Guarantor becomes an Excluded Subsidiary solely in reliance on clause (f) of the definition of “Excluded Subsidiary,” then the release of such Guarantor from its Obligations under the Loan Documents shall only be permitted if at the time such Guarantor becomes an Excluded Subsidiary of such type, after giving pro forma effect to such release and consummation of the transaction that causes such Person to be an Excluded Subsidiary of such type, the Borrower is deemed to have made a new Investment in such Person on the date of such release in an amount equal to the portion of the fair market value of the net assets of such Person attributable to the Borrower’s or any Restricted Subsidiary’s Equity Interest therein and such Investment is permitted under Section 7.02 at such time; 
(d)to execute any intercreditor agreements and/or subordination agreements with any holder of any Indebtedness or Liens permitted by this Agreement to the extent such intercreditor agreement and/or subordination agreement is required by the terms hereof; and 
(e)to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document, to the extent securing the Obligations, to the holder of any Lien on such property that is permitted by Section 7.01(i).
Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of Collateral, or to release any Guarantor from its Guarantee of the Obligations under the Collateral Agreement pursuant to this Section 9.10.  In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such Guarantor from its Guarantee of the Obligations under the Collateral Agreement, in each case in accordance with the terms of the Loan Documents and this Section 9.10. 

172

Notwithstanding anything to the contrary in this Agreement, upon a Subsidiary being designated an Unrestricted Subsidiary in accordance with Section 6.17 of this Agreement or otherwise ceasing to be a Restricted Subsidiary (including by way of liquidation, merger, consolidation or amalgamation or dissolution) in a transaction permitted by this Agreement, such Subsidiary shall be automatically released and relieved of any obligations under this Agreement, the Collateral Agreement and all other Loan Documents, all Liens granted by such Subsidiary in its assets to the Administrative Agent shall be automatically released, all pledges to the Administrative Agent of Equity Interests in any such Subsidiary shall be automatically released, and the Administrative Agent is authorized to, and shall promptly, deliver to the Borrower any acknowledgement confirming such releases and all necessary releases and terminations, in each case as the Borrower may reasonably request to evidence such release and at Borrower’s expense.  To the extent any Loan Document conflicts or is inconsistent with the terms of this Section, this Section shall govern and control in all respects.
Section 9.11Additional Secured Parties.  No Cash Management Bank or Hedge Bank that obtains the benefits of the Collateral Agreement or any Collateral by virtue of the provisions hereof or of the Collateral Agreement or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents.  Notwithstanding any other provision of this Article 9 to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.
Section 9.12Certain ERISA Matters. 
(a)Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true:
(i)such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments,

173

(ii)the prohibited transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable so as to exempt from the prohibitions of Section 406 of ERISA and Section 4975 of the Code such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,
(iii)(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or
(iv)such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.
(b)In addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that none of the Administrative Agent or any Arranger or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto).
ARTICLE 10.
MISCELLANEOUS
Section 10.01Amendments, Etc.  Except as set forth below in this Section 10.01, no amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent (or signed by the Administrative Agent on behalf of and with the written consent of the Required Lenders), and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that (i) any term or provision of Section 7.11, the definition of “Secured Net Leverage Ratio” or “Revolving Facility Test Condition” (or any of their respective component definitions (as used solely in such Section but not as used in other Sections of this Agreement)) may be amended, waived, consented to or otherwise modified with the consent of the Required Revolving Credit Lenders (and no other consents from any other Lenders or group thereof shall be necessary); and (ii) no such amendment, waiver, consent or other modification shall: 

174

(a)waive any condition set forth in Section 4.01 without the written consent of each Lender adversely affected thereby;
(b)without limiting the generality of clause (a) above, waive any condition set forth in Section 4.02 as to any Credit Extension under the Revolving Credit Facility without the written consent of the Required Revolving Credit Lenders;
(c)extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 2.06 or Section 8.02) without the written consent of such Lender;
(d)postpone any date fixed by this Agreement or any other Loan Document for any payment (excluding mandatory prepayments pursuant to Section 2.05(b)) of principal, interest, fees or other amounts due to the Lenders (or any of them) or any scheduled or mandatory reduction of any Facility hereunder or under any other Loan Document without the written consent of each Appropriate Lender directly affected thereby;
(e)reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; provided, however, that only the consent of the Required Lenders shall be necessary to amend (i) the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest or Letter of Credit Fees at the Default Rate and (ii) except as set forth in clause (i) of the first proviso to this Section 10.01, any financial ratio (including any defined term used therein) or any definition relating to any (x) financial calculation or (y) currency exchange rate calculation affecting compliance with Sections 7.01, 7.02 and 7.03 with respect to the amount of Liens, Investments, or Indebtedness in currencies other than U.S. Dollars hereunder even if, in the case of clause (x) and (y), the effect of such amendment would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce any fee payable hereunder;
(f)change (i) Section 8.03 of this Agreement or Section 6.5 of the Collateral Agreement in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender or (ii) the definition of “Applicable Percentage,” the definition of “Applicable Revolving Credit Percentage”, the order of application or pro rata nature of application of any reduction in the Commitments or any prepayment of Loans within or among the Facilities from the application thereof set forth in the applicable provisions of Sections 2.05(a), 2.05(b) or 2.06(c), or other provisions in respect of the pro rata application of payments or offers hereunder under Section 2.12, 2.13, 2.14, 2.15, 2.16 or 10.06(b)(vii) in any manner that materially and adversely affects the Lenders under a Facility or Class without the written consent of the Lenders with respect to the relevant Facility or Class and adversely affected thereby; 

175

(g)change (i) any provision of this Section 10.01 or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder (other than the definitions specified in clause (ii) of this Section 10.01(g)), without the written consent of each Lender;  (ii) the definition of “Required Lenders”, “Required Facility Lenders” or “Required Revolving Credit Lenders” without the written consent of each Lender under the applicable Facility or (iii) any other provision of this Agreement or the other Loan Documents in a manner that creates a materially disadvantaged Class or otherwise materially adversely affects a Class, without the written consent of the Required Lenders with respect to such Class determined in a manner consistent with the definition of “Required Facility Lenders” (as if such Class constituted a Facility for purposes of such definition);
(h)release all or substantially all of the value of the Guarantees of the Obligations in any transaction or series of transactions without the written consent of each Lender, except to the extent the release of any Guarantor is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone);
(i)release all or substantially all of the Collateral in any transaction or series of related transactions without the written consent of each Lender, except to the extent the release of any Collateral is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone); 
(j)impose any greater restriction on the ability of any Lender under a Facility to assign any of its rights or obligations hereunder without the written consent of the Required Facility Lenders with respect to the relevant Facility; 
(k)amend the definition of “Alternative Currency” without the written consent of each Revolving Credit Lender and L/C Issuer; or 
(l)amend clause (x) of Section 10.06(a) without the written consent of each Lender;
and, provided, further, that (i) no amendment, waiver, consent or modification shall, unless in writing and signed by the applicable L/C Issuer in addition to the Lenders required above, affect the rights or duties of such L/C Issuer under this Agreement or any Issuer Document, in each case, relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement, (iii) no amendment, waiver, consent or modification shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document and (iv) any Fee Letter may be amended, and rights or privileges thereunder may be waived, in a writing executed only by the parties thereto.
    
176

Notwithstanding anything to the contrary contained herein, if, following the Closing Date, the Administrative Agent and the Borrower shall have jointly identified an obvious error or any error or omission of a technical or immaterial nature, in each case, in any provision of this Agreement or any other Loan Document, then the Administrative Agent and the Borrower shall be permitted to amend such provision and such amendment shall become effective without any further action or consent of any other party to this Agreement or any other Loan Document if the same is not objected to in writing by the Required Lenders within three Business Days following receipt of notice thereof.  It is understood that posting such amendment electronically on IntraLinks/IntraAgency, SyndTrak or another relevant website with notice of such posting by the Administrative Agent to the Required Lenders shall be deemed adequate receipt of notice thereof.
Section 10.02Notices; Effectiveness; Electronic Communication. 
(a)Notices Generally.  Except as provided in Section 10.02(b), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows:
(i)if to the Borrower, the Administrative Agent, any L/C Issuer or Swing Line Lender party hereto on the Closing Date, to the address, facsimile number, or electronic mail address specified for such Person on Schedule 10.02; and 
(ii)if to any other Lender, to the address, facsimile number, or electronic mail address specified in its Administrative Questionnaire.
Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient).  Notices and other communications delivered through electronic communications to the extent provided in Section 10.02(b) shall be effective as provided in such Section 10.02(b).
(b)Electronic Communications.  Notices and other communications to the Lenders and the L/C Issuers hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or L/C Issuer pursuant to Article 2 if such Lender or L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication.  The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications.

177

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.
(c)The Platform.  THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”  THE AGENT PARTIES DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.  In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, any L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the Borrower, any Lender, any L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages).
(d)Change of Address, Etc.  Each of the Borrower, the Administrative Agent, the L/C Issuers and the Swing Line Lender may change its address or facsimile for notices and other communications hereunder by notice to the other parties hereto.  Each Lender may change its address or facsimile for notices and other communications hereunder by notice to the Borrower, the Administrative Agent, the L/C Issuers and the Swing Line Lender.  In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, facsimile number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender.  Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain MNPI with respect to the Borrower or any of its Subsidiaries or their respective securities for purposes of United States Federal or state securities laws.

178

(e)Reliance by Administrative Agent, L/C Issuers and Lenders.  The Administrative Agent, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.  The Borrower shall indemnify the Administrative Agent, the L/C Issuers, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower except to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Person.  All telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereby consents to such recording.
Section 10.03No Waiver; Cumulative Remedies; Enforcement.  No failure by any Lender, any L/C Issuer or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.  The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.
Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuers and, in respect of the Collateral Documents, any other Secured Party; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) each of the L/C Issuers and the Swing Line Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to the terms of Section 2.13), or (d) any Secured Party from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c), and (d) of the preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders.

179

Section 10.04Expenses; Indemnity; Damage Waiver.
(a)Costs and Expenses.  The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including but not limited to expenses associated with the syndication of the Facilities, due diligence efforts, the reasonable fees, charges and disbursements of counsel, limited to a single counsel and, in each relevant jurisdiction, a single local counsel and one additional local counsel in each applicable jurisdiction for any such person in the event of a conflict of interest, (including, without limitation, reasonable and actual travel expenses), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, any Lender or any L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Lenders and the L/C Issuers (but limited to the fees, disbursements, and other charges of a single law firm for the Administrative Agent, the Lenders and the L/C Issuers and, in each relevant jurisdiction, a single local counsel, in each case, representing the Administrative Agent, all Lenders and all L/C Issuers, and one additional counsel or local counsel, as applicable, in each applicable jurisdiction for any such person in the event of a conflict of interest)), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.
(b)Indemnification.  Each Loan Party shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and each L/C Issuer and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any external counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the Transactions and the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (except for any Taxes (which shall be governed by Section 3.01), other than any Taxes that represent losses, claims or damages arising from any non-Tax claim), (ii) any Loan or Letter of Credit or the use or intended use of the proceeds therefrom (including any refusal by any L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on, through, under or from any property currently or formerly owned, leased or operated by the Borrower or any of its Restricted Subsidiaries, or any Environmental Claim or Environmental Liability related in any way to any of the Loan Parties or any of their respective Restricted Subsidiaries or (iv) any claim, litigation, investigation, inquiry or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a Lender, a third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or (y) any proceedings between or among Indemnitees (other than any claims against an Indemnitee in its capacity as Administrative Agent, Arranger, Syndication Agent, Documentation Agent or similar role under any Facility) that does not involve any act or omission of the Borrower or any of its Subsidiaries.

180

(c)Reimbursement by Lenders.  To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any L/C Issuer or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or such L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or such L/C Issuer in connection with such capacity; provided that in respect of the proviso in subclause (b) above, it is understood and agreed that any action taken by the Administrative Agent (and any sub-agent thereof) and/or any of its Related Parties in accordance with the directions of the Required Lenders or any other appropriate group of Lenders pursuant to Section 10.01 shall not be deemed to constitute gross negligence or willful misconduct for purposes of such proviso.  The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.12(e).

181

(d)Waiver of Consequential Damages, Etc.  To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.  No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction.
(e)Payments.  All amounts due under this Section shall be payable not later than ten Business Days after demand therefor.
(f)Survival.  The agreements in this Section 10.04 shall survive the resignation of the Administrative Agent, any L/C Issuer and the Swing Line Lender, the replacement of the Administrative Agent, any Lender or any L/C Issuer, the termination of the Aggregate Commitments, the repayment, satisfaction or discharge of all the other Obligations and the termination of this Agreement.
Section 10.05Payments Set Aside.  To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent, any L/C Issuer or any Lender, or the Administrative Agent, any L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, such L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred and (b) each Lender and L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect.  The obligations of the Lenders and the L/C Issuers under clause (b) of the preceding sentence shall survive the payment in full of the Obligations, the termination of the Commitments and the termination of this Agreement.
Section 10.06Successors and Assigns. 
(a)Successors and Assigns Generally.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (x) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and (y) no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void).  Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Indemnitees and the Related Parties of each of the Administrative Agent, the L/C Issuers and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

182

(b)Assignments by Lenders.  Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), participations in L/C Obligations and Swing Line Loans) at the time owing to it); provided that any such assignment shall be subject to the following conditions:
(i)Minimum Amounts.
(A)In the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment under any Facility and the Loans at the time owing to it under such Facility, no minimum amount need be assigned; and
(B)in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans (including such Lender’s participations in L/C Obligations and Swing Line Loans) of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 (and whole multiples of $1,000,000 in excess thereof), in the case of any assignment in respect of the Revolving Credit Facility, or $1,000,000 (and whole multiples of $1,000,000 in excess thereof), in the case of any assignment in respect of the Term Loans, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met. 

183

(ii)Proportionate Amounts.  Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause (ii) shall not (A) apply to the Swing Line Lender’s rights and obligations in respect of Swing Line Loans or (B) prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-pro rata basis.
(iii)Required Consents.  No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition:
(A)the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof in the case of assignments of any Term Loans and ten (10) Business Days after having received notice thereof in the case of assignments of the Revolving Credit Facility; 
(B)the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of (1) any Commitment if such assignment is to a Person that is not a Lender with a Commitment in respect of the applicable Facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender or (2) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund; and
(C)the consent of the L/C Issuers and the Swing Line Lender (each such consent not to be unreasonably withheld or delayed) shall be required for any assignment in respect of any Revolving Credit Facility.
(iv)Assignment and Assumption.  The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.  The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.
(v)No Assignment to Certain Persons.  No such assignment shall be made (A) to the Borrower or any of the Borrower’s Affiliates or Subsidiaries, except as provided below in clause (vii) or (B) to a Defaulting Lender, a Disqualified Lender or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B).

184

(vi)No Assignment to Natural Persons.  No such assignment shall be made to a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person). 
(vii)Borrower Purchases.  Notwithstanding anything to the contrary contained in this Section 10.06 or any other provision of this Agreement, so long as no Event of Default has occurred and is continuing or would result therefrom, the Borrower may repurchase outstanding Term Loans of any Facility on the following basis:
(A)the Borrower may conduct one or more auctions (each, an “Auction”) to repurchase all or any portion of the applicable Term Loans of a given Class (such Term Loans, the “Offer Loans”) of Term Lenders; provided that (1) the Borrower delivers to the Administrative Agent (for distribution to all Lenders holding Term Loans of such Class) a notice of the aggregate principal amount of the Offer Loans that will be subject to such Auction no later than 12:00 p.m. at least five Business Days (or such shorter period as may be agreed to by the Administrative Agent) in advance of a proposed consummation date of such Auction indicating (a) the date on which the Auction will conclude, (b) the maximum principal amount of the Offer Loans the Borrower is willing to purchase in the Auction and (c) the range of discounts to par at which the Borrower would be willing to repurchase the Offer Loans; (2) the minimum dollar amount of the Auction shall be no less than $10,000,000 or whole multiples of $1,000,000 in excess thereof; (3) the Borrower shall hold the Auction open for a minimum period of three Business Days; (4) a Lender who elects to participate in the Auction may choose to tender all or part of such Lender’s Offer Loans; (5) the Auction shall be made to the Lenders holding the Offer Loans (and purchases of Offer Loans held by Lenders who elect to participate shall be made by the Borrower) on a pro rata basis in accordance with the respective principal amount then due and owing to the applicable Term Lenders; and (6) the Auction shall be conducted pursuant to such procedures as the Administrative Agent may establish which are consistent with this Section 10.06 and are reasonably acceptable to the Borrower, which procedures must be followed by a Lender in order to have its Offer Loans repurchased; 
(B)with respect to all repurchases made pursuant to this Section 10.06, (1) the Borrower shall pay to the applicable selling Lender all accrued and unpaid interest, if any, on the repurchased Offer Loans to the date of repurchase of such Offer Loans, (2) such repurchases shall not be deemed to be optional prepayments pursuant to Section 2.05(a), (3) the amount of the Loans so repurchased shall be applied on a pro rata basis to reduce the scheduled remaining installments of principal on the Offer Loans, and (4) the purchase consideration for such Auction shall in no event be funded with the proceeds of Revolving Credit Loans; and

185

(C)following a repurchase pursuant to this Section 10.06, the Offer Loans so repurchased shall, without further action by any Person, be deemed cancelled for all purposes and no longer outstanding (and may not be resold) for all purposes of this Agreement and all the other Loan Documents, including, but not limited to (1) the making of, or the application of, any payments to the Lenders under this Agreement or any other Loan Document, (2) the making of any request, demand, authorization, direction, notice, consent or waiver under this Agreement or any other Loan Document or (3) the determination of Required Lenders, or for any similar or related purpose, under this Agreement or any other Loan Document.  In connection with any Term Loans repurchased and cancelled pursuant to this Section 10.06, the Administrative Agent is authorized to make appropriate entries in the Register to reflect any such cancellation.
(viii)Certain Additional Payments.  In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent and any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage.  Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.
Subject to acceptance and recording in the Register thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment.  Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender.  Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section.

186

(c)Register.  The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower (and such agency being solely for Tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”).  Upon its receipt of a duly completed and executed Assignment and Assumption, the Administrative Agent shall record the information contained therein in the Register.  The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.  In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender.  The Register is intended to cause each Loan and other obligation hereunder to be in registered form within the meaning of Section 5f.103-1(c) of the United States Treasury Regulations and Proposed Treasury Regulations Section 1.163-5(b) (or any amended or successor version) and within the meaning of Section 163(f), 871(h)(2) and 881(c)(2) of the Code.  The Register shall be available for inspection by the Borrower and any Lender (with respect to such Lender’s entry), at any reasonable time and from time to time upon reasonable prior notice.
(d)Participations.  Any Lender may at any time, without the consent of, or notice to, the Borrower, the Swing Line Lender, any L/C Issuer or the Administrative Agent, sell participations to any Person (other than a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person), a Defaulting Lender or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrower, the Administrative Agent, the Lenders and the L/C Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 
Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clause (ii) of the first proviso to Section 10.01 requiring the consent of each Lender affected thereby and that affects such Participant.  Subject to subsection (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section; provided, further that such agreement or instrument shall provide that the Participant understands that the value of the loan asset (including Participant’s pro rata share thereof) may increase or decrease based on fluctuations in currency exchange rates and agrees that any losses (gains) experienced as a result of changes in currency exchange rates shall be shared by such Participant in accordance with the Participant’s pro rata share.  To the extent permitted by law, each Participant shall also be entitled to the benefits of Section 10.08 as though it were a Lender, provided that such Participant agrees to be subject to Section 2.13 as though it were a Lender.  Each Lender that sells a participation shall, acting solely for this purpose as an non-fiduciary agent of the Borrower (such agency being solely for Tax purposes), maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant's interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under United States Treasury Regulations Section 5f.103-1(c) and Proposed Treasury Regulations Section 1.163-5(b) (or, in each case, any amended or successor version) and within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code.  The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this 
187

Agreement notwithstanding any notice to the contrary.  For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.
(e)Limitations upon Participant Rights.  A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent or except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation.  A Participant shall be entitled to the benefits of Section 3.01 if such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender (provided that all forms required under Section 3.01(e) shall instead be delivered to the applicable Lender).
(f)Certain Pledges.  Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

188

(g)Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding anything to the contrary contained herein, if at any time a Lender serving as an L/C Issuer or the Swing Line Lender assigns all of its Revolving Credit Commitment and Revolving Credit Loans pursuant to subsection (b) above, such Lender may, (i) upon 30 days’ notice to the Borrower and the other Lenders, resign as an L/C Issuer and/or (ii) upon 30 days’ notice to the Borrower, resign as the Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing Line Lender, the Borrower shall be entitled to appoint from among the Revolving Credit Lenders a successor L/C Issuer or Swing Line Lender hereunder if such Revolving Credit Lender is willing to act in such capacity; provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of the retiring entity as L/C Issuer or Swing Line Lender, as the case may be.  If any entity serving as L/C Issuer resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If the entity serving as Swing Line Lender resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c).  Upon the appointment of a successor L/C Issuer and/or Swing Line Lender and the acceptance of such appointment by such successor, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be and (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements reasonably satisfactory to the retiring L/C Issuer to effectively assume the obligations of such L/C Issuer with respect to such Letters of Credit.
(h)Disqualified Lenders. 
(i)No assignment or participation shall be made to any Person that was a Disqualified Lender as of the date (the “Trade Date”) on which the assigning or transferring Lender entered into a binding agreement to sell and assign, or grant a participation in, all or a portion of its rights and obligations under this Agreement, as applicable, to such Person.  For the avoidance of doubt, no assignment or participation shall be retroactively invalidated pursuant to this Section 10.06(h) if the Trade Date therefor occurred prior to the assignee’s or participant’s becoming a Disqualified Lender.
(ii)The Administrative Agent and each assignor of a Loan or Commitment or seller of a participation hereunder shall be entitled to rely conclusively on a representation of the assignee Lender or Participant in the relevant Assignment and Assumption or participation agreement, as applicable, that such assignee or purchaser is not a Disqualified Lender.  The Administrative Agent shall have the right, and the Borrower hereby expressly authorizes the Administrative Agent, to provide the list of Disqualified Lenders to each Lender upon request.  Subject to Section 10.06(h)(iii), any assignment by a Lender to a Disqualified Lender in violation of this Section 10.06(h) shall be treated for purposes of this Agreement as a sale by such Lender of a participation of such rights and obligations in accordance with Section 10.06(d), provided that such treatment shall not relieve any assigning Lender from any liabilities arising as a consequence of its breach of this Agreement.

189

(iii)If any assignment or participation is made to any Disqualified Lender without the Borrower’s prior written consent in violation of clause (i) above, the Borrower may, at its sole expense and effort, upon notice to the applicable Disqualified Lender and the Administrative Agent, (A) terminate any Revolving Credit Commitment of such Disqualified Lender and repay all obligations of the Borrower owing to such Disqualified Lender in connection with such Revolving Credit Commitment or in accordance with and subject to the provisions of Section 10.13, require such Disqualified Lender to assign and delegate all of its interests, rights (other than its existing rights to payments pursuant to Section 3.01 or Section 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee as if such Disqualified Lender were required to do so pursuant to Section 10.13, (B) in the case of Term Loans held by a Disqualified Lender, purchase or prepay such Term Loans by paying the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Lender paid to acquire such Term Loans and or (C) in the case of Term Loans, require such Disqualified Lender to assign, without recourse (in accordance with and subject to the restrictions contained in this Section 10.06) all of its interest, rights and obligations under this Agreement to one or more Eligible Assignees that agrees to such assignment in writing at a price equal to the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Lender paid to acquire such interests, rights and obligations.
(iv)Notwithstanding anything to the contrary contained in this Agreement, Disqualified Lenders (1) will not have the right to (x) receive information, reports or other materials provided to the Administrative Agent or the Lenders by the Borrower or any of its Subsidiaries, the Administrative Agent or any other Lender, (y) attend or participate (including by telephone) in meetings attended by any of the Lenders and/or the Administrative Agent, or (z) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (2) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Loan Document, each Disqualified Lender will be deemed to have consented to such matter in the same proportion as the Lenders that are not Disqualified Lenders consented to such matter; provided, however, that any Disqualified Lender’s consent shall be required for any amendment, waiver or other modification described in clause (c) of Section 10.01 with respect to any increase to the Commitments of such Disqualified Lender, and (y) for purposes of voting on any plan of reorganization pursuant to Section 1126 of the Bankruptcy Code of the United States or any similar plan or proposal under any other Debtor Relief Law with respect to the Borrower or any of its Subsidiaries, each Disqualified Lender hereby agrees (1) not to vote on such plan, (2) if such Disqualified Lender does vote on such plan notwithstanding the restriction in the immediately foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code of the United States (or any similar provision in any other similar federal, state or foreign law affecting creditor’s rights, including any Debtor Relief Law), and such vote shall not be counted in determining whether the applicable class has accepted or rejected such plan in accordance with Section 1126(c) of the Bankruptcy Code of the United States (or any similar provision in any other similar federal, state or foreign law affecting creditor’s rights including any Debtor Relief Laws) and (3) not to contest any request by any party for a determination by the bankruptcy court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).

190

(v)Notwithstanding anything to the contrary in this Agreement, the Loan Parties and the Lenders acknowledge and agree that in no event shall the Administrative Agent or any of its Affiliates or Related Parties be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof relating to Disqualified Lenders.  Without limiting the generality of the foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant or prospective Lender or Participant is a Disqualified Lender or (y) have any liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Lender.
Section 10.07Treatment of Certain Information; Confidentiality.  Each of the Administrative Agent, the Lenders and the L/C Issuers agrees to maintain the confidentiality of the Information, except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over it or its Affiliates (including any self-regulatory authority, such as the National Association of Insurance Commissioners), in which case each of the Administrative Agent, the Lenders and the L/C Issuers agrees to inform the Borrower promptly thereof prior to such disclosure to the extent not prohibited by law, rule or regulation, as applicable (except with respect to any audit or examination conducted by bank accountants or any governmental or regulatory authority exercising examination or regulatory authority over the Administrative Agent, such Lender or such L/C Issuer) and to use commercially reasonable efforts to ensure that any such information so disclosed is accorded confidential treatment, (c) pursuant to the order of any court or administrative agency or in any pending legal or administrative proceeding, or otherwise as required by applicable law or compulsory legal process or to the extent required by applicable laws or regulations or by any subpoena or similar legal process, in which case each of the Administrative Agent, the Lenders and the L/C Issuers agrees to inform the Borrower promptly thereof prior to such disclosure to the extent not prohibited by law, rule or regulation, as applicable (except with respect to any audit or examination conducted by bank accountants or any governmental or regulatory authority exercising examination or regulatory authority over the Administrative Agent, such Lender or such L/C Issuer) and to use commercially reasonable efforts to ensure that any such information so disclosed is accorded confidential treatment, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or any Eligible Assignee invited to be a Lender or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower, (h) on a confidential basis to (i) any rating agency in connection with rating the Borrower or its Restricted Subsidiaries or any Facility or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to any Facility or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section, (y) becomes available to the Administrative Agent, any Lender, any L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower or (z) is independently developed by the Administrative Agent, any Lender, any L/C Issuer or any of their respective Affiliates without reliance on any confidential Information of the Borrower and its Subsidiaries.  In addition, each of the Administrative Agent, the Lenders and the L/C Issuers may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent, the Lenders and the L/C Issuers in connection with the administration of this Agreement, the other Loan Documents and the Credit Extensions. 

191

Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.
Each of the Administrative Agent, the Lenders and the L/C Issuers acknowledges that (a) the Information may include MNPI concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of MNPI and (c) it will handle such MNPI in accordance with applicable Law, including United States Federal and state securities Laws.
Section 10.08Right of Setoff.  If an Event of Default shall have occurred and be continuing, each Lender, each L/C Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, such L/C Issuer or any such Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender or such L/C Issuer, irrespective of whether or not such Lender or such L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such Lender or such L/C Issuer different from the branch or office holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.16 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff.  The rights of each Lender, each L/C Issuer and their respective Affiliates under this Section are in addition to all other rights and remedies (including other rights of setoff) that such Lender, such L/C Issuer or their respective Affiliates may have under applicable Law or otherwise.  Each Lender and L/C Issuer agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application.

192

Section 10.09Interest Rate Limitation.  Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”).  If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the unpaid principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower.  In determining whether the interest contracted for, charged, or received by the Administrative Agent or any Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude optional prepayments and the effects thereof and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.
Section 10.10Counterparts; Integration; Effectiveness.  This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  This Agreement, the Fee Letters and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  This Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement.

193

Section 10.11Survival of Representations and Warranties.  All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof.  Such representations and warranties have been or will be relied upon by the Administrative Agent, each Lender and each L/C Issuer, regardless of any investigation made by the Administrative Agent, any Lender or any L/C Issuer or on their behalf and notwithstanding that the Administrative Agent, any Lender or any L/C Issuer may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation (other than contingent indemnification obligations as to which no claim has been asserted and obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) hereunder shall remain unpaid or unsatisfied, any Commitment remains in effect or any Letter of Credit shall remain outstanding.
Section 10.12Severability.  If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, then, to the fullest extent permitted by law, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  Without limiting the foregoing provisions of this Section 10.12, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent or any L/C Issuer or the Swing Line Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited.
Section 10.13Replacement of Lenders.  If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender shall have not consented to any proposed amendment, modification, termination, waiver or consent requiring the consent of all Lenders or all affected Lenders as contemplated by Section 10.01 and the consent of the Required Lenders, the Required Revolving Credit Lenders or the Required Facility Lenders, as applicable, has been obtained, or if any Lender is a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.01 and Section 3.04) and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that:
(a)the Borrower shall have paid to the Administrative Agent the assignment fee specified in Section 10.06(b);

194

(b)such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, L/C Advances, funded participations in Swing Line Loans, if any, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal, L/C Advances, funded participations in Swing Line Loans, if any, and accrued interest and fees) or the Borrower (in the case of all other amounts);
(c)in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter;
(d)such assignment does not conflict with applicable Laws; and
(e)in the case of any such assignment resulting from a Lender becoming a non-consenting Lender, the applicable assignee shall have consented to the applicable amendment, modification, termination, waiver or consent.
A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.  Each Lender and L/C Issuer hereby agrees and acknowledges that, with regard to any Assignment and Assumption necessary to effectuate any assignment of such Lender’s or L/C Issuer’s interests hereunder in the circumstances contemplated by this Section 10.13, consent to such Assignment and Assumption shall have been deemed to have been given if such Lender or L/C Issuer has not responded within one Business Day of a request for such consent. 
Section 10.14Governing Law; Jurisdiction; Etc. 
(a)Governing Law.  THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT, TORT OR OTHERWISE) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE IN ANY WAY HERETO OR THERETO OR THE NEGOTIATION, EXECUTION OR PERFORMANCE HEREOF OR THEREOF OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, UNLESS OTHERWISE EXPRESSLY SET FORTH THEREIN, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
(b)Submission to Jurisdiction.  THE BORROWER IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING SHALL BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT.  EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.  NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

195

(c)Waiver of Venue.  THE BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.
(d)Service of Process.  EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02.  NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.
Section 10.15Waiver of Jury Trial.  EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.
Section 10.16California Judicial Reference.  If any action or proceeding is filed in a court of the State of California by or against any party hereto in connection with any of the transactions contemplated by this Agreement or any other Loan Document, (a) the court shall, and is hereby directed to, make a general reference pursuant to California Code of Civil Procedure Section 638 to a referee (who shall be a single active or retired judge) to hear and determine all of the issues in such action or proceeding (whether of fact or of law) and to report a statement of decision, provided that at the option of any party to such proceeding, any such issues pertaining to a “provisional remedy” as defined in California Code of Civil Procedure Section 1281.8 shall be heard and determined by the court, and (b) without limiting the generality of Section 10.04, the Borrower shall be solely responsible to pay all fees and expenses of any referee appointed in such action or proceeding.

196

Section 10.17No Advisory or Fiduciary Responsibility.  In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and agrees that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agents and the Lenders are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agents and the Lenders, on the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent and each of the Arrangers, the Syndication Agents, the Documentation Agents and the Lenders is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrower or any of its Affiliates, or any other Person and (B) neither the Administrative Agent nor any of the Arrangers, the Syndication Agents, the Documentation Agents or the Lenders has any obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent and each of the Arrangers, the Syndication Agents, the Documentation Agents and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and neither the Administrative Agent nor any of the Arrangers, the Syndication Agents, the Documentation Agents or the Lenders has any obligation to disclose any of such interests to the Borrower or its Affiliates.  To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against the Administrative Agent and each of the Arrangers, the Syndication Agents, the Documentation Agents and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.
Section 10.18Electronic Execution of Assignments and Certain Other Documents.  The words “execution,” “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including, without limitation, Assignment and Assumptions  or in any amendment or other modification hereof (including waivers and consents)) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

197

Section 10.19USA PATRIOT Act.  Each Lender and each L/C Issuer that is subject to the Act and the Administrative Agent (for itself and not on behalf of any Lender or L/C Issuer) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub.  L. 107-56 (signed into law October 26, 2001)) (the “Act”) and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies the Borrower and each Guarantor, which information includes the name, tax identification number and address of the Borrower and each Guarantor and other information that will allow such Lender or L/C Issuer or the Administrative Agent, as applicable, to identify the Borrower and each Guarantor in accordance with the Act and the Beneficial Ownership Regulation.  The Borrower shall, and shall cause each Guarantor to, promptly following a request by the Administrative Agent or any Lender or L/C Issuer, provide all documentation and other information that the Administrative Agent or L/C Issuer or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act and the Beneficial Ownership Regulation.
Section 10.20Judgment Currency.  If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given.  The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency.  If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent or any Lender from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender, as the case may be, against such loss.  The provisions of this Section 10.20 shall survive the payment in full of the Obligations, the termination of the Commitments and the termination of this Agreement. 
Section 10.21Pari Passu Intercreditor Agreement.  Notwithstanding anything to the contrary in this Agreement or in any other Loan Document: (i) the Liens granted to the Administrative Agent in favor of the Secured Parties pursuant to the Loan Documents and the exercise of any right related to any Collateral shall be subject, in each case, to the terms of the Pari Passu Intercreditor Agreement (if in effect), (ii) in the event of any conflict between the express terms and provisions of this Agreement or any other Loan Document, on the one hand, and of the Pari Passu Intercreditor Agreement, on the other hand, the terms and provisions of the Pari Passu Intercreditor Agreement shall control and (iii) each Lender and L/C Issuer (A) authorizes the Administrative Agent to execute the Pari Passu Intercreditor Agreement on behalf of such Lender and L/C Issuer, and (B) agrees to be bound by the terms of the Pari Passu Intercreditor Agreement and agrees that any action taken by the Administrative Agent under the Pari Passu Intercreditor Agreement shall be binding upon such Lender and L/C Issuer.

198

Section 10.22Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a)the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an Affected Financial Institution; and
(b)the effects of any Bail-In Action on any such liability, including, if applicable:
(i)a reduction in full or in part or cancellation of any such liability;
(ii)a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or
(iii)the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.
Section 10.23Acknowledgement Regarding Any Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Contracts or any other agreement or instrument that is a QFC (such support, “QFC Credit Support,” and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

199

(a)In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States.  In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States.  Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support; and
(b)As used in this Section 10.23, the following terms have the following meanings:
“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.
“Covered Entity” means any of the following:
(a)a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);
(b)a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or
(c)a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).
“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.
“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).
Section 10.24Restatement of the Original Credit Agreement.

200

The parties hereto agree that, on the Closing Date, the following transactions shall be deemed to occur automatically, without further action by any party hereto:
(a)the Original Credit Agreement shall be deemed to be amended and restated in its entirety in the form of this Agreement;
(b)all Obligations under and as defined in the Original Credit Agreement (the “Existing Obligations”) outstanding on the Closing Date shall in all respects be continuing and shall be deemed to be Obligations outstanding hereunder; and
(c)all references in the other Loan Documents to the Original Credit Agreement shall be deemed to refer to this Agreement.
The parties acknowledge and agree that this Agreement and the other applicable Loan Documents do not constitute a novation, payment and reborrowing or termination of the Existing Obligations and that all such Existing Obligations are in all respects continued and outstanding as Obligations under this Agreement.

[Remainder of page intentionally left blank]

201

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.
									
		POST HOLDINGS, INC.
			
		By:	
			Name:    Jeff A. Zadoks
			Title:    Executive Vice President and
    Chief Financial Officer

202

									
		BARCLAYS BANK PLC, as Administrative Agent, an L/C Issuer, the Swing Line Lender and a Revolving Credit Lender

			
		By:	
			Name:
			Title:

SIGNATURE PAGE TO POST HOLDINGS, INC. 
SECOND AMENDED AND RESTATED CREDIT AGREEMENTexhibit101

 

 

 

 

Exhibit 10.1 
A
MENDED AND 
R
ESTATED 
C
REDIT 
A
GREEMENT
D
ATED 
AS OF 
N
OVEMBER 
15,
2021 
AMONG
C
AL
-M
AINE 
F
OODS
,
I
NC
., 
T
HE 
G
UARANTORS FROM TIME TO TIME PARTY 
HERETO
, 
THE 
L
ENDERS FROM TIME TO TIME PARTY 
HERETO
, 
AND
BMO
H
ARRIS 
B
ANK 
N.A.,
AS 
A
DMINISTRATIVE 
A
GENT
BMO
C
APITAL 
M
ARKETS
,
 
AS 
S
OLE 
L
EAD 
A
RRANGER AND 
S
OLE 
B
OOK 
R
UNNER
AND
G
REEN
S
TONE 
F
ARM 
C
REDIT 
S
ERVICES
,
ACA,
 
AS 
S
YNDICATION 
A
GENT

-i-
T
ABLE OF 
C
ONTENTS
S
ECTION
 
H
EADING
 
P
AGE
S
ECTION
 
1. 
D
EFINITIONS
;
I
NTERPRETATION
 
....................................................................2
Section 1.1. 
Definitions..............................................................................................2
Section 1.2. 
Interpretation 
........................................................................................26
Section 1.3. 
Change in Accounting Principles 
.........................................................27
Section 1.4. 
Divisions 
..............................................................................................27
S
ECTION
 
2. 
T
HE 
R
EVOLVING 
F
ACILITY
 
.........................................................................27
Section 2.1. 
Revolving Facility 
................................................................................27
Section 2.2 
Swingline Loans...................................................................................28
Section 2.3. 
Letters of Credit 
...................................................................................30
Section 2.4. 
Applicable Interest Rates 
.....................................................................33
Section 2.5. 
Minimum Borrowing Amounts; Maximum Eurodollar Loans 
............34
Section 2.6. 
Manner of Borrowing Loans and Designating Applicable Interest 
Rates 
.....................................................................................................34
Section 2.7. 
Maturity of Loans ................................................................................36
Section 2.8. 
Prepayment ..........................................................................................36
Section 2.9. 
Default Rate .........................................................................................39
Section 2.10. 
Evidence of Indebtedness ....................................................................39
Section 2.11. 
Commitment Terminations ..................................................................40
Section 2.12. 
Replacement of Lenders ......................................................................40
Section 2.13. 
Defaulting Lenders 
...............................................................................41
Section 2.14. 
Cash Collateral for Fronting Exposure ................................................44
Section 2.15. 
Increase in Revolving Credit Commitments; Making of Incremental 
Term Loans ..........................................................................................45
Section 2.16. 
Extension Option .................................................................................46
S
ECTION
 
3. 
F
EES
 
............................................................................................................48
Section 3.1. 
Fees ......................................................................................................48
S
ECTION
 
4. 
T
AXES
;
C
HANGE IN 
C
IRCUMSTANCES
,
I
NCREASED 
C
OSTS
,
 
AND 
F
UNDING 
I
NDEMNITY
 
.................................................................................................49
Section 4.1. 
Taxes ....................................................................................................49
Section 4.2. 
Change of Law 
.....................................................................................52
Section 4.3. 
Unavailability of Deposits or Inability to Ascertain, or Inadequacy of, 
LIBOR..................................................................................................53
Section 4.4. 
Increased Costs ....................................................................................62
Section 4.5. 
Funding Indemnity 
...............................................................................63
Section 4.6. 
Discretion of Lender as to Manner of Funding 
....................................64
Section 4.7. 
Lending Offices; Mitigation Obligations 
.............................................64

-ii-
S
ECTION
 
5. 
P
LACE AND 
A
PPLICATION 
OF 
P
AYMENTS
 
....................................................64
Section 5.1. 
Place and Application of Payments .....................................................64
Section 5.2. 
Non-Business Days 
..............................................................................65
Section 5.3. 
Payments Set Aside..............................................................................65
Section 5.4. 
Account Debit 
......................................................................................65
S
ECTION
 
6. 
R
EPRESENTATIONS 
AND 
W
ARRANTIES
 
........................................................66
Section 6.1. 
Organization and Qualification 
............................................................66
Section 6.2. 
Subsidiaries 
..........................................................................................66
Section 6.3. 
Authority and Validity of Obligations 
.................................................66
Section 6.4. 
Use of Proceeds; Margin Stock............................................................67
Section 6.5. 
Financial Reports .................................................................................67
Section 6.6. 
No Material Adverse Change...............................................................68
Section 6.7. 
Full Disclosure 
.....................................................................................68
Section 6.8. 
Trademarks, Franchises, and Licenses 
.................................................68
Section 6.9. 
Governmental Authority and Licensing 
...............................................68
Section 6.10. 
Good Title ............................................................................................69
Section 6.11. 
Litigation and Other Controversies 
......................................................69
Section 6.12. 
Taxes ....................................................................................................69
Section 6.13. 
Approvals 
.............................................................................................69
Section 6.14. 
Affiliate Transactions 
...........................................................................69
Section 6.15. 
Investment Company ...........................................................................69
Section 6.16. 
ERISA 
..................................................................................................69
Section 6.17. 
Compliance with Laws ........................................................................70
Section 6.18. 
OFAC 
...................................................................................................71
Section 6.19. 
Labor Matters 
.......................................................................................71
Section 6.20. 
Other Agreements 
................................................................................71
Section 6.21. 
Solvency 
...............................................................................................71
Section 6.22. 
No Default 
............................................................................................71
Section 6.23. 
No Broker Fees ....................................................................................71
S
ECTION
 
7. 
C
ONDITIONS 
P
RECEDENT
 
............................................................................72
Section 7.1. 
All Credit Events..................................................................................72
Section 7.2. 
Initial Credit Event 
...............................................................................72
S
ECTION
 
8. 
C
OVENANTS
 
................................................................................................74
Section 8.1. 
Maintenance of Business .....................................................................74
Section 8.2. 
Maintenance of Properties ...................................................................75
Section 8.3. 
Taxes and Assessments 
........................................................................75
Section 8.4. 
Insurance 
..............................................................................................75
Section 8.5. 
Financial Reports .................................................................................76
Section 8.6. 
Inspection; Field Audits 
.......................................................................78
Section 8.7. 
Borrowings and Guaranties 
..................................................................78
Section 8.8. 
Liens 
.....................................................................................................80

-iii-
Section 8.9. 
Investments, Acquisitions, Loans and Advances 
.................................82
Section 8.10. 
Mergers, Consolidations and Sales 
......................................................83
Section 8.11. 
Maintenance of Subsidiaries 
................................................................84
Section 8.12. 
Dividends and Certain Other Restricted Payments 
..............................85
Section 8.13. 
ERISA 
..................................................................................................85
Section 8.14. 
Compliance with Laws ........................................................................85
Section 8.15. 
Compliance with OFAC Sanctions Programs and Anti-Corruption 
Laws 
.....................................................................................................86
Section 8.16. 
Burdensome Contracts With Affiliates 
................................................87
Section 8.17. 
No Changes in Fiscal Year ..................................................................88
Section 8.18. 
Formation of Subsidiaries 
....................................................................88
Section 8.19. 
Change in the Nature of Business 
........................................................88
Section 8.20. 
Use of Proceeds 
....................................................................................88
Section 8.21. 
No Restrictions.....................................................................................88
Section 8.22. 
Financial Covenants 
.............................................................................88
S
ECTION
 
9. 
E
VENTS OF 
D
EFAULT 
AND 
R
EMEDIES
 
.........................................................89
Section 9.1. 
Events of Default .................................................................................89
Section 9.2. 
Non-Bankruptcy Defaults 
....................................................................91
Section 9.3. 
Bankruptcy Defaults ............................................................................91
Section 9.4. 
Collateral for Undrawn Letters of Credit 
.............................................92
Section 9.5. 
Post-Default Collections 
......................................................................92
S
ECTION
 
10. 
T
HE 
A
DMINISTRATIVE 
A
GENT
 
....................................................................93
Section 10.1. 
Appointment and Authority 
.................................................................93
Section 10.2. 
Rights as a Lender 
................................................................................93
Section 10.3. 
Action by Administrative Agent; Exculpatory Provisions ..................94
Section 10.4. 
Reliance by Administrative Agent 
.......................................................95
Section 10.5. 
Delegation of Duties ............................................................................95
Section 10.6. 
Resignation of Administrative Agent ..................................................96
Section 10.7. 
Non-Reliance on Administrative Agent and Other Lenders 
................96
Section 10.8. 
L/C Issuer and Swingline Lender ........................................................97
Section 10.9. 
Hedging Liability and Bank Product Obligations 
................................98
Section 10.10. 
Designation of Additional Agents .......................................................98
Section 10.11. 
Authorization to Enter into, and Enforcement of, the Collateral 
Documents; Possession of Collateral 
...................................................98
Section 10.12. 
Authorization to Release, Limit or Subordinate Liens or to Release 
Guaranties ............................................................................................99
Section 10.13. 
Authorization of Administrative Agent to File Proofs of Claim .......100
Section 10.14. 
Certain ERISA Matters 
......................................................................101
Section 10.15. 
Recovery of Erroneous Payments 
......................................................102
S
ECTION
 
11. 
T
HE 
G
UARANTEES
 
....................................................................................102
Section 11.1. 
The Guarantees ..................................................................................102
Section 11.2. 
Guarantee Unconditional ...................................................................103

-iv-
Section 11.3. 
Discharge Only upon Payment in Full; Reinstatement in Certain 
Circumstances 
....................................................................................104
Section 11.4. 
Subrogation 
........................................................................................104
Section 11.5. 
Subordination 
.....................................................................................105
Section 11.6. 
Waivers ..............................................................................................105
Section 11.7. 
Limit on Recovery .............................................................................105
Section 11.8. 
Stay of Acceleration 
...........................................................................105
Section 11.9. 
Benefit to Guarantors 
.........................................................................105
Section 11.10. 
Keepwell ............................................................................................105
S
ECTION
 
12. 
C
OLLATERAL
 
............................................................................................106
Section 12.1. 
Collateral 
............................................................................................106
Section 12.2. 
Depository Banks 
...............................................................................106
Section 12.3. 
Further Assurances.............................................................................106
S
ECTION
 
13. 
M
ISCELLANEOUS
 
......................................................................................107
Section 13.1. 
Notices ...............................................................................................107
Section 13.2. 
Successors and Assigns 
......................................................................108
Section 13.3. 
Amendments ......................................................................................112
Section 13.4. 
Costs and Expenses; Indemnification 
................................................114
Section 13.5. 
No Waiver, Cumulative Remedies ....................................................116
Section 13.6. 
Right of Setoff....................................................................................116
Section 13.7. 
Sharing of Payments by Lenders .......................................................117
Section 13.8. 
Survival of Representations 
...............................................................118
Section 13.9. 
Survival of Indemnities 
......................................................................118
Section 13.10. 
Counterparts; Integration; Effectiveness 
............................................118
Section 13.11. 
Headings ............................................................................................118
Section 13.12. 
Severability of Provisions 
..................................................................118
Section 13.13. 
Construction 
.......................................................................................119
Section 13.14. 
Excess Interest ...................................................................................119
Section 13.15. 
Lender’s and L/C Issuer’s Obligations Several .................................119
Section 13.16. 
No Advisory or Fiduciary Responsibility 
..........................................120
Section 13.17. 
Governing Law; Jurisdiction; Consent to Service of Process 
............120
Section 13.18. 
Waiver of Jury Trial 
...........................................................................121
Section 13.19. 
USA Patriot Act 
.................................................................................121
Section 13.20. 
Confidentiality ...................................................................................121
Section 13.21. 
Acknowledgement and Consent to Bail-In of EEA Financial 
Institutions..........................................................................................122
Section 13.22. 
Amendment and Restatement ............................................................123
Section 13.23. 
Acknowledgement Regarding Any Supported QFCs 
........................123
S
ECTION
 
1. 
D
EFINITIONS
;
I
NTERPRETATION
 
....................................................................2
Section 1.1. 
Definitions..............................................................................................2
Section 1.2. 
Interpretation 
........................................................................................26
Section 1.3. 
Change in Accounting Principles 
.........................................................27

-v-
Section 1.4. 
Divisions 
..............................................................................................27
S
ECTION
 
2. 
T
HE 
R
EVOLVING 
F
ACILITY
 
.........................................................................27
Section 2.1. 
Revolving Facility 
................................................................................27
Section 2.2 
Swingline Loans...................................................................................28
Section 2.3. 
Letters of Credit 
...................................................................................30
Section 2.4. 
Applicable Interest Rates 
.....................................................................33
Section 2.5. 
Minimum Borrowing Amounts; Maximum Eurodollar Loans 
............34
Section 2.6. 
Manner of Borrowing Loans and Designating Applicable Interest 
Rates 
.....................................................................................................34
Section 2.7. 
Maturity of Loans ................................................................................36
Section 2.8. 
Prepayment ..........................................................................................36
Section 2.9. 
Default Rate .........................................................................................39
Section 2.10. 
Evidence of Indebtedness ....................................................................39
Section 2.11. 
Commitment Terminations ..................................................................40
Section 2.12. 
Replacement of Lenders ......................................................................40
Section 2.13. 
Defaulting Lenders 
...............................................................................41
Section 2.14. 
Cash Collateral for Fronting Exposure ................................................44
Section 2.15. 
Increase in Revolving Credit Commitments; Making of Incremental 
Term Loans ..........................................................................................45
Section 2.16. 
Extension Option .................................................................................46
S
ECTION
 
3. 
F
EES
 
............................................................................................................48
Section 3.1. 
Fees ......................................................................................................48
S
ECTION
 
4. 
T
AXES
;
C
HANGE IN 
C
IRCUMSTANCES
,
I
NCREASED 
C
OSTS
,
 
AND 
F
UNDING 
I
NDEMNITY
 
.................................................................................................49
Section 4.1. 
Taxes ....................................................................................................49
Section 4.2. 
Change of Law 
.....................................................................................52
Section 4.3. 
Unavailability of Deposits or Inability to Ascertain, or Inadequacy of, 
LIBOR..................................................................................................53
Section 4.4. 
Increased Costs ....................................................................................62
Section 4.5. 
Funding Indemnity 
...............................................................................63
Section 4.6. 
Discretion of Lender as to Manner of Funding 
....................................64
Section 4.7. 
Lending Offices; Mitigation Obligations 
.............................................64
S
ECTION
 
5. 
P
LACE AND 
A
PPLICATION 
OF 
P
AYMENTS
 
....................................................64
Section 5.1. 
Place and Application of Payments .....................................................64
Section 5.2. 
Non-Business Days 
..............................................................................65
Section 5.3. 
Payments Set Aside..............................................................................65
Section 5.4. 
Account Debit 
......................................................................................65
S
ECTION
 
6. 
R
EPRESENTATIONS 
AND 
W
ARRANTIES
 
........................................................66
Section 6.1. 
Organization and Qualification 
............................................................66

-vi-
Section 6.2. 
Subsidiaries 
..........................................................................................66
Section 6.3. 
Authority and Validity of Obligations 
.................................................66
Section 6.4. 
Use of Proceeds; Margin Stock............................................................67
Section 6.5. 
Financial Reports .................................................................................67
Section 6.6. 
No Material Adverse Change...............................................................68
Section 6.7. 
Full Disclosure 
.....................................................................................68
Section 6.8. 
Trademarks, Franchises, and Licenses 
.................................................68
Section 6.9. 
Governmental Authority and Licensing 
...............................................68
Section 6.10. 
Good Title ............................................................................................69
Section 6.11. 
Litigation and Other Controversies 
......................................................69
Section 6.12. 
Taxes ....................................................................................................69
Section 6.13. 
Approvals 
.............................................................................................69
Section 6.14. 
Affiliate Transactions 
...........................................................................69
Section 6.15. 
Investment Company ...........................................................................69
Section 6.16. 
ERISA 
..................................................................................................69
Section 6.17. 
Compliance with Laws ........................................................................70
Section 6.18. 
OFAC 
...................................................................................................71
Section 6.19. 
Labor Matters 
.......................................................................................71
Section 6.20. 
Other Agreements 
................................................................................71
Section 6.21. 
Solvency 
...............................................................................................71
Section 6.22. 
No Default 
............................................................................................71
Section 6.23. 
No Broker Fees ....................................................................................71
S
ECTION
 
7. 
C
ONDITIONS 
P
RECEDENT
 
............................................................................72
Section 7.1. 
All Credit Events..................................................................................72
Section 7.2. 
Initial Credit Event 
...............................................................................72
S
ECTION
 
8. 
C
OVENANTS
 
................................................................................................74
Section 8.1. 
Maintenance of Business .....................................................................74
Section 8.2. 
Maintenance of Properties ...................................................................75
Section 8.3. 
Taxes and Assessments 
........................................................................75
Section 8.4. 
Insurance 
..............................................................................................75
Section 8.5. 
Financial Reports .................................................................................76
Section 8.6. 
Inspection; Field Audits 
.......................................................................78
Section 8.7. 
Borrowings and Guaranties 
..................................................................78
Section 8.8. 
Liens 
.....................................................................................................80
Section 8.9. 
Investments, Acquisitions, Loans and Advances 
.................................82
Section 8.10. 
Mergers, Consolidations and Sales 
......................................................83
Section 8.11. 
Maintenance of Subsidiaries 
................................................................84
Section 8.12. 
Dividends and Certain Other Restricted Payments 
..............................85
Section 8.13. 
ERISA 
..................................................................................................85
Section 8.14. 
Compliance with Laws ........................................................................85
Section 8.15. 
Compliance with OFAC Sanctions Programs and Anti-Corruption 
Laws 
.....................................................................................................86
Section 8.16. 
Burdensome Contracts With Affiliates 
................................................87

-vii-
Section 8.17. 
No Changes in Fiscal Year ..................................................................88
Section 8.18. 
Formation of Subsidiaries 
....................................................................88
Section 8.19. 
Change in the Nature of Business 
........................................................88
Section 8.20. 
Use of Proceeds 
....................................................................................88
Section 8.21. 
No Restrictions.....................................................................................88
Section 8.22. 
Financial Covenants 
.............................................................................88
S
ECTION
 
9. 
E
VENTS OF 
D
EFAULT 
AND 
R
EMEDIES
 
.........................................................89
Section 9.1. 
Events of Default .................................................................................89
Section 9.2. 
Non-Bankruptcy Defaults 
....................................................................91
Section 9.3. 
Bankruptcy Defaults ............................................................................91
Section 9.4. 
Collateral for Undrawn Letters of Credit 
.............................................92
Section 9.5. 
Post-Default Collections 
......................................................................92
S
ECTION
 
10. 
T
HE 
A
DMINISTRATIVE 
A
GENT
 
....................................................................93
Section 10.1. 
Appointment and Authority 
.................................................................93
Section 10.2. 
Rights as a Lender 
................................................................................93
Section 10.3. 
Action by Administrative Agent; Exculpatory Provisions ..................94
Section 10.4. 
Reliance by Administrative Agent 
.......................................................95
Section 10.5. 
Delegation of Duties ............................................................................95
Section 10.6. 
Resignation of Administrative Agent ..................................................96
Section 10.7. 
Non-Reliance on Administrative Agent and Other Lenders 
................96
Section 10.8. 
L/C Issuer and Swingline Lender ........................................................97
Section 10.9. 
Hedging Liability and Bank Product Obligations 
................................98
Section 10.10. 
Designation of Additional Agents .......................................................98
Section 10.11. 
Authorization to Enter into, and Enforcement of, the Collateral 
Documents; Possession of Collateral 
...................................................98
Section 10.12. 
Authorization to Release, Limit or Subordinate Liens or to Release 
Guaranties ............................................................................................99
Section 10.13. 
Authorization of Administrative Agent to File Proofs of Claim .......100
Section 10.14. 
Certain ERISA Matters 
......................................................................101
Section 10.15. 
Recovery of Erroneous Payments 
......................................................102
S
ECTION
 
11. 
T
HE 
G
UARANTEES
 
....................................................................................102
Section 11.1. 
The Guarantees ..................................................................................102
Section 11.2. 
Guarantee Unconditional ...................................................................103
Section 11.3. 
Discharge Only upon Payment in Full; Reinstatement in Certain 
Circumstances 
....................................................................................104
Section 11.4. 
Subrogation 
........................................................................................104
Section 11.5. 
Subordination 
.....................................................................................105
Section 11.6. 
Waivers ..............................................................................................105
Section 11.7. 
Limit on Recovery .............................................................................105
Section 11.8. 
Stay of Acceleration 
...........................................................................105
Section 11.9. 
Benefit to Guarantors 
.........................................................................105
Section 11.10. 
Keepwell ............................................................................................105

-viii-
S
ECTION
 
12. 
C
OLLATERAL
 
............................................................................................106
Section 12.1. 
Collateral 
............................................................................................106
Section 12.2. 
Depository Banks 
...............................................................................106
Section 12.3. 
Further Assurances.............................................................................106
S
ECTION
 
13. 
M
ISCELLANEOUS
 
......................................................................................107
Section 13.1. 
Notices ...............................................................................................107
Section 13.2. 
Successors and Assigns 
......................................................................108
Section 13.3. 
Amendments ......................................................................................112
Section 13.4. 
Costs and Expenses; Indemnification 
................................................114
Section 13.5. 
No Waiver, Cumulative Remedies ....................................................116
Section 13.6. 
Right of Setoff....................................................................................116
Section 13.7. 
Sharing of Payments by Lenders .......................................................117
Section 13.8. 
Survival of Representations 
...............................................................118
Section 13.9. 
Survival of Indemnities 
......................................................................118
Section 13.10. 
Counterparts; Integration; Effectiveness 
............................................118
Section 13.11. 
Headings ............................................................................................118
Section 13.12. 
Severability of Provisions 
..................................................................118
Section 13.13. 
Construction 
.......................................................................................119
Section 13.14. 
Excess Interest ...................................................................................119
Section 13.15. 
Lender’s and L/C Issuer’s Obligations Several .................................119
Section 13.16. 
No Advisory or Fiduciary Responsibility 
..........................................120
Section 13.17. 
Governing Law; Jurisdiction; Consent to Service of Process 
............120
Section 13.18. 
Waiver of Jury Trial 
...........................................................................121
Section 13.19. 
USA Patriot Act 
.................................................................................121
Section 13.20. 
Confidentiality ...................................................................................121
Section 13.21. 
Acknowledgement and Consent to Bail-In of EEA Financial 
Institutions..........................................................................................122
Section 13.22. 
Amendment and Restatement ............................................................123
Section 13.23. 
Acknowledgement Regarding Any Supported QFCs 
........................123
Signature Page ............................................................................................................................. 
S-1 

-ix-
E
XHIBIT
 
A 
— 
Notice of Payment Request 
E
XHIBIT
 
B 
— 
Notice of Borrowing 
E
XHIBIT
 
C 
— 
Notice of Continuation/Conversion 
E
XHIBIT
 
D-1 
— 
Revolving Note 
E
XHIBIT
 
D-2 
— 
Swing Note 
E
XHIBIT
 
E 
— 
Compliance Certificate 
E
XHIBIT
 
F 
— 
Additional Guarantor Supplement 
E
XHIBIT
 
G 
— 
Assignment and Assumption 
E
XHIBIT
 
H-1 
— 
Form of 
U.S. Tax Compliance Certificate
E
XHIBIT
 
H-2 
— 
Form of 
U.S. Tax Compliance Certificate
E
XHIBIT
 
H-3 
— 
Form of 
U.S. Tax Compliance Certificate
E
XHIBIT
 
H-4 
— 
Form of 
U.S. Tax Compliance Certificate
E
XHIBIT
 
I 
— 
Increase Request 
SCHEDULE 1.1 
— 
Cal-Maine Foods Investment Guidelines 
S
CHEDULE 
2.1/2.2 
— 
Commitments
S
CHEDULE
 
6.2 
— 
Subsidiaries 
S
CHEDULE
 
8.7 
— 
Existing Indebtedness 
S
CHEDULE
 
8.8 
— 
Existing Liens 
S
CHEDULE
 
8.9 
— 
Existing Investments 

-1-
A
MENDED AND 
R
ESTATED 
C
REDIT 
A
GREEMENT
This Amended and Restated Credit 
Agreement is entered into 
as of November 15, 2021 
by 
and 
among 
Cal-Maine 
Foods, 
Inc., 
a 
Delaware 
corporation 
(the 
“Borrower”
), 
the 
direct 
and 
indirect Wholly-owned Subsidiaries that are 
Domestic Subsidiaries of the Borrower 
from time to 
time party 
to this 
Agreement, as 
Guarantors, the 
several financial 
institutions from 
time to 
time 
party to 
this Agreement, 
as Lenders, 
and BMO H
ARRIS 
B
ANK 
N.A.,
as Administrative 
Agent as 
provided herein. 

P
RELIMINARY 
S
TATEMENT
W
HEREAS
,
pursuant to 
that certain 
Credit Agreement 
dated as 
of July 
10, 2018 
(as amended 
prior to the date 
hereof, without giving effect to 
the amendments and restatements 
set forth herein, 
the 
“Existing Credit Agreement”
), by and among the Borrowers, the Guarantors 
party thereto, the 
lenders party thereto and the Administrative Agent, the 
lenders thereunder have made available to 
the 
Borrowers 
a 
revolving 
loan 
facility 
upon 
and 
subject 
to 
the 
terms 
and 
conditions 
set 
forth 
therein; 
W
HEREAS
, 
the 
Loan 
Parties, 
the 
Administrative 
Agent 
and 
the 
Lenders 
desire 
to 
amend 
and 
restate 
the 
Existing 
Credit 
Agreement 
in 
its 
entirety 
in 
order 
to 
provide 
an 
increase 
to 
the 
revolving credit facility and make certain other amendments as more fully set forth 
herein, which 
amendment and restatement 
shall become effective 
upon satisfaction of 
the conditions precedent 
set forth herein; 
W
HEREAS
, in 
connection with 
the foregoing 
and as 
an inducement 
for the 
Lenders to 
extend 
and/or 
continue 
to 
extend 
the 
credit 
contemplated 
hereunder, 
the 
Loan 
Parties 
have 
agreed 
to 
continue 
to 
secure 
all 
of 
their 
joint 
and 
several 
Obligations 
by 
granting 
to 
the 
Administrative 
Agent, for the benefit of the Lenders, 
a first priority lien on the Collateral 
(as hereinafter defined); 
and 

W
HEREAS
, it is the 
intent of the 
parties hereto that 
this Agreement not 
constitute a novation 
of the obligations 
and liabilities of 
the parties under 
the Existing Credit 
Agreement, and the 
parties 
hereto 
hereby 
agree 
that 
all 
obligations 
under 
the 
Loan 
Documents 
(as 
amended 
prior 
to 
the 
Closing Date) shall continue in full force and effect from and after the Closing Date. 
N
OW
,
T
HEREFORE
, in consideration 
of the mutual 
agreements contained herein, 
and other 
good and valuable 
consideration, the receipt 
and sufficiency 
of which are 
hereby acknowledged, 
the parties hereto hereby agree as follows: 

 

-2-
S
ECTION
 
1. 
D
EFINITIONS
;
I
NTERPRETATION
. 
Section 1.1. 
Definitions
. 
The following terms when used herein shall have the 
following 
meanings: 
“Acquired Business”
 
means the entity or assets acquired by the 
Borrower or another Loan 
Party in an Acquisition, whether before or after the date hereof. 
“Acquisition”
 
means any transaction or series of related transactions for the purpose of or 
resulting, directly 
or indirectly, 
in (a) the 
acquisition of 
all or 
substantially all 
of the 
assets of 
a 
Person, or 
of any business 
or division 
of a Person, 
(b) the acquisition 
of no less 
than 51% of 
the 
capital 
stock, 
partnership 
interests, 
membership 
interests 
or 
equity 
of 
any 
Person 
(other 
than 
a 
Person 
that 
is 
a 
Subsidiary), 
or 
otherwise 
causing 
any 
Person 
to 
become 
a 
Subsidiary, 
or 
(c) a 
merger or consolidation or any other combination with another Person (other than a Person that is 
a Subsidiary) provided that the Borrower or a Guarantor is the surviving entity. 
“Additional 
Credit 
Extension 
Amendment” 
means 
an 
amendment 
to 
this 
Agreement 
(which 
may, 
at 
the 
option 
of 
the 
Administrative 
Agent, 
be 
in 
the 
form 
of 
an 
amendment 
and 
restatement of 
this Agreement) 
providing for 
any Extended 
Revolving Credit 
Commitments and/or 
Extended 
Incremental 
Term 
Loans pursuant 
to Section 
2.16, which 
shall 
be 
consistent with 
the 
applicable 
provisions of 
this 
Agreement 
and 
otherwise 
satisfactory 
to 
the parties 
thereto. 
Each 
Additional Credit Extension Amendment shall 
be executed by the Administrative Agent, 
the L/C 
Issuer and/or 
the Swingline 
Lender (to 
the extent 
Section 2.16 
would require 
the consent 
of the 
L/C 
Issuer 
and/or 
the 
Swingline 
Lender, 
respectively 
for 
the 
amendments 
effected 
in 
such 
Additional Credit Extension Amendment), the Loan Partis and each applicable extending Lender. 

Any Additional Credit Extension Amendment may 
include conditions for delivery of opinions 
of 
counsel 
and 
other 
documentation 
consistent 
with 
the 
conditions 
in 
Section 
7.2 
all 
to 
the 
extent 
reasonably requested by the Administrative Agent 
or the Lenders party to such 
Additional Credit 
Extension Amendment. 
“Adjusted 
LIBOR”
 
means, 
for 
any 
Borrowing 
of 
Eurodollar 
Loans, 
a 
rate 
per 
annum 
determined in accordance with the following formula: 
Adjusted LIBOR 
= 
LIBOR 

 
1 - Eurodollar Reserve Percentage 
“Administrative Agent” 
means BMO Harris 
Bank N.A., in 
its capacity as 
Administrative 
Agent hereunder, and any successor in such capacity pursuant to Section 10.6. 
“Administrative 
Questionnaire” 
means 
an 
Administrative 
Questionnaire 
in 
a 
form 
supplied by the Administrative Agent.
“Affiliate” 
means, 
with 
respect 
to 
a 
specified 
Person, 
another 
Person 
that 
directly, 
or 
indirectly through 
one or 
more intermediaries, 
Controls or 
is Controlled 
by or 
is under 
common 
Control with the Person specified; 
provided that
, in any event for purposes 
of this definition, any 
Person that 
owns, directly 
or indirectly, 
5% or 
more of 
the securities 
having the 
ordinary voting 

-3-
power 
for 
the 
election 
of 
directors 
or 
governing 
body 
of 
a 
corporation 
or 
5% 
or 
more 
of 
the 
partnership or other ownership interest of 
any other Person (other than 
as a limited partner of 
such 
other Person) will be deemed to control such corporation or other Person. 

“Agreement”
 
means this 
Amended and 
Restated Credit 
Agreement, as 
the same 
may be 
amended, modified, restated or supplemented from time to time pursuant to the terms hereof. 
“Anti-Corruption Law”
 
means the 
FCPA and any law, rule 
or regulation 
of any 
jurisdiction 
concerning 
or 
relating 
to 
bribery 
or 
corruption 
that 
are 
applicable 
to 
any 
Loan 
Party 
or 
any 
Subsidiary or Affiliate. 
“Applicable 
Margin”
 
means, 
with 
respect 
to 
Loans, 
Reimbursement 
Obligations, 
L/C 
Participation Fees, 
and the 
commitment fees 
payable under 
Section 3.1(a), until 
the first 
Pricing 
Date, the rates per annum shown 
opposite Level I below, 
and thereafter from one Pricing Date 
to 
the 
next 
the 
Applicable 
Margin 
means 
the 
rates 
per 
annum 
determined 
in 
accordance 
with 
the 
following schedule: 
L
EVEL
T
OTAL 
F
UNDED 
D
EBT TO 
C
APITALIZATION 
R
ATIO FOR 
S
UCH 
P
RICING 
D
ATE
A
PPLICABLE 
M
ARGIN FOR 
B
ASE 
R
ATE 
L
OANS UNDER 
R
EVOLVING 
F
ACILITY AND 
R
EIMBURSEMENT 
O
BLIGATIONS SHALL 
BE
: 
A
PPLICABLE 
M
ARGIN FOR 
E
URODOLLAR 
L
OANS UNDER 
R
EVOLVING 
F
ACILITY AND 
L/C
P
ARTICIPATION 
F
EES SHALL BE
: 
A
PPLICABLE 
M
ARGIN FOR 
C
OMMITMENT 
F
EE 
SHALL BE
: 
I 
Less than 20.0% 
0.00% 
1.00% 
0.15% 
II 
Greater 
than 
or 
equal 20.0% 
and 
less than 30.0% 
0.25% 
1.25% 
0.20% 
III 
Greater 
than 
or 
equal 30.0% 
and 
less than 40.0% 
0.50% 
1.50% 
0.20% 
IV 
Greater 
than 
or 
equal to 40.0% 
0.75% 
1.75% 
0.25% 
For purposes hereof, 
the term 
“Pricing Date”
 
means, for 
any fiscal quarter 
of the Borrower 
ending 
on or 
after November 
27, 2021, 
the date 
on which 
the Administrative 
Agent is 
in receipt 
of the 
Borrower’s most recent financial statements (and, in the 
case of the year-end financial statements, 
audit 
report) 
for 
the 
fiscal 
quarter 
then ended, 
pursuant to 
Section 8.5. 
The 
Applicable 
Margin 
shall be established based on 
the Total 
Funded Debt to Capitalization 
Ratio for the most recently 
completed fiscal quarter and the Applicable 
Margin established on a Pricing 
Date shall remain in 
effect until the next Pricing Date. 
If the Borrower has not delivered 
its financial statements by the 
date such financial statements 
(and, in the case of 
the year-end financial 
statements, audit report) 
are required to be delivered under Section 8.5, until such financial statements and audit report are 
delivered, 
the 
Applicable 
Margin 
shall 
be 
the 
highest 
Applicable 
Margin 
(
i.e.,
 
Level IV 
shall 
apply). 
If the 
Borrower subsequently 
delivers such 
financial statements 
before the 
next Pricing 

-4-
Date, 
the 
Applicable 
Margin 
shall 
be 
determined 
on 
the 
date 
of 
delivery 
of 
such 
financial 
statements 
and 
remain 
in 
effect 
until 
the 
next 
Pricing 
Date. 
In 
all 
other 
circumstances, 
the 
Applicable Margin 
shall be in 
effect from 
the Pricing Date 
that occurs immediately 
after the end 
of 
the 
fiscal 
quarter 
covered 
by 
such 
financial 
statements 
until 
the 
next 
Pricing 
Date. 
Each 
determination of the Applicable 
Margin made by the Administrative 
Agent in accordance with 
the 
foregoing 
shall 
be 
conclusive 
and 
binding 
on 
the 
Borrower 
and 
the 
Lenders 
if 
reasonably 
determined. 

“Application”
 
is defined in Section 2.3(b). 
“Assignment 
and 
Assumption”
 
means 
an 
assignment 
and 
assumption 
entered 
into 
by 
a 
Lender 
and 
an 
Eligible 
Assignee 
(with 
the 
consent 
of 
any 
party 
whose 
consent 
is 
required 
by 
Section 13.2(b)), and accepted by 
the Administrative Agent, 
in substantially the 
form of Exhibit G 
or any other form approved by the Administrative Agent.
“Authorized Representative”
 
means those 
persons shown 
on the 
list of 
officers provided 
by the 
Borrower pursuant 
to Section 7.2 
or on 
any update 
of any 
such list 
provided by 
the Borrower 
to the Administrative Agent, or any further or different officers 
of the Borrower so named by any 
Authorized Representative of the Borrower in a written notice to the Administrative Agent. 
“Bail-In Action”
 
means the 
exercise of 
any Write-Down 
and Conversion 
Powers by 
the 
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
“Bail-In 
Legislation”
 
means, 
with 
respect 
to 
any 
EEA 
Member 
Country 
implementing 
Article 55 
of Directive 
2014/59/EU of 
the European 
Parliament and 
of the 
Council of 
the European 
Union, the implementing 
law for such 
EEA Member Country 
from time to 
time which is 
described 
in the EU Bail-In Legislation Schedule. 
“Bank 
Products”
 
means 
each 
and 
any 
of 
the 
following 
bank 
products 
and 
services 
provided to any 
Loan Party 
by any Lender 
or any of 
its Affiliates: 
(a) credit or 
charge cards 
for 
commercial customers 
(including, without 
limitation, “commercial 
credit cards” 
and purchasing 
cards), 
(b) stored 
value 
cards, 
and 
(c) depository, 
cash 
management, 
and 
treasury 
management 
services 
(including, 
without 
limitation, 
controlled 
disbursement, 
automated 
clearinghouse 
transactions, return items, overdrafts and interstate depository network services). 
“Bank Product 
Obligations”
 
of the 
Loan Parties 
means any 
and all 
of their 
obligations, 
whether 
absolute 
or 
contingent 
and 
howsoever 
and 
whensoever 
created, 
arising, 
evidenced 
or 
acquired (including all renewals, extensions and 
modifications thereof and substitutions therefor) 
in connection with Bank Products. 
“Base Rate”
 
means, for any 
day, 
the rate per 
annum equal to 
the greatest of: 
(a) the rate 
of interest announced 
or otherwise established 
by the Administrative 
Agent from time 
to time as 
its prime commercial 
rate
as in effect 
on such day, with 
any change in 
the Base Rate 
resulting from 
a change in said prime commercial rate 
to be effective as of the date of the 
relevant change in said 
prime 
commercial 
rate 
(it 
being 
acknowledged 
and 
agreed 
that 
such 
rate 
may 
not 
be 
the 
Administrative Agent’s best or 
lowest rate), (b) the 
sum of (i) the 
Federal Funds Rate 
for such day, 

-5-
plus
 
(ii) 1/2 of 1%, and (c) the LIBOR Quoted Rate for such day 
plus 
1.00%. 
As used herein, the 
term 
“LIBOR Quoted Rate”
 
means, for any day, the rate per annum 
equal to the quotient of 
(i) the 
rate per 
annum (rounded 
upwards, if 
necessary, 
to the 
next higher 
one hundred-thousandth 
of a 
percentage point) 
for deposits 
in U.S. 
Dollars for 
a one-month 
interest period 
as reported 
on the 
applicable Bloomberg 
screen page 
(or such 
other commercially 
available source 
providing such 
quotations as may be designated by the Administrative Agent from 
time to time) as of 11:00 a.m. 
(London, England 
time) on 
such day 
(or, 
if such 
day is 
not a 
Business Day, 
on the 
immediately 
preceding 
Business 
Day) 
divided 
by 
(ii) one 
(1) 
minus 
the 
Eurodollar 
Reserve 
Percentage, 
provided
 
that in no event shall the “LIBOR Quoted Rate” be less than 0.00%. 
“Base Rate Loan”
 
means a Loan bearing interest at a rate specified in Section 2.4(a). 
“Beneficial Ownership 
Certification”
 
means a 
certification regarding 
beneficial ownership 
a required by the Beneficial Ownership Regulation. 
“Beneficial Ownership Regulation”
 
means 31 CFR § 1010.230. 
“Borrower”
 
is defined in the introductory paragraph of this Agreement. 
“Borrowing”
 
means 
the 
total 
of 
Loans 
of 
a 
single 
type 
advanced, 
continued 
for 
an 
additional Interest Period, or converted from 
a different type into such 
type by the Lenders under 
a 
Facility 
on 
a 
single 
date 
and, 
in 
the 
case 
of 
Eurodollar 
Loans, 
for 
a 
single 
Interest 
Period. 

Borrowings of Loans are 
made and maintained ratably 
from each of the 
Lenders under a Facility 
according to their 
Percentages of such Facility. 
A Borrowing is 
“advanced”
 
on the day Lenders 
advance 
funds 
comprising 
such 
Borrowing 
to 
the 
Borrower, 
is 
“continued”
 
on 
the 
date 
a 
new 
Interest Period 
for the 
same type 
of Loans 
commences for 
such Borrowing, 
and is 
“converted”
when such Borrowing is changed from one 
type of Loans to the other, 
all as determined pursuant 
to Section 2.6. 
Borrowings of Swingline Loans are made by the 
Swingline Lender in accordance 
with the procedures set forth in Section 2.2(b). 
“Business Day”
 
means any day (other than a Saturday or Sunday) on which banks are not 
authorized or required 
to close in 
Chicago, Illinois and, 
if the applicable 
Business Day relates 
to 
the advance 
or continuation 
of, or 
conversion into, 
or payment 
of a 
Eurodollar 
Loan, on 
which 
banks are dealing in U.S. Dollar deposits in the interbank eurodollar market in London, England. 
“Capital Expenditures”
 
means, with 
respect to 
any Person 
for any 
period, the 
aggregate 
amount of all expenditures 
(whether paid in cash 
or accrued as a 
liability) by such Person 
during 
that period for the acquisition or leasing (pursuant to 
a Capital Lease) of fixed or capital assets or 
additions 
to 
property, 
plant, 
or 
equipment 
(including 
replacements, 
capitalized 
repairs, 
and 
improvements), and for any of the foregoing are required to be capitalized on the balance sheet of 
such Person in accordance with GAAP. 

“Capital Lease
” means any lease of Property which in accordance with GAAP is required 
to be capitalized on 
the balance sheet of 
the lessee; 
provided
 
that the adoption or 
issuance of any 
accounting 
standards after 
the Closing 
Date 
will not 
cause 
any lease 
that 
was 
not 
or would 
not 
have been a Capital Lease prior to such adoption or issuance to be deemed a Capital Lease. 

 

-6-
“Capitalized Lease Obligation”
 
means, for any Person, the 
amount of the liability shown 
on the balance 
sheet of such 
Person in respect 
of a Capital 
Lease determined in 
accordance with 
GAA
P. 
“Cash Collateralize”
 
means, to 
pledge and 
deposit with 
or deliver 
to the 
Administrative 
Agent, for 
the benefit of 
one or 
more of the 
L/C Issuer 
or Lenders, 
as collateral for 
L/C Obligations 
or 
obligations 
of 
Lenders 
to 
fund 
participations 
in 
respect 
of 
L/C 
Obligations, 
cash 
or 
deposit 
account balances subject 
to a first 
priority perfected security 
interest in favor 
of the Administrative 
Agent 
or, 
if 
the 
Administrative 
Agent 
and 
each 
applicable 
L/C 
Issuer 
shall 
agree 
in 
their 
sole 
discretion, 
other 
credit 
support, 
in 
each 
case 
pursuant 
to 
documentation 
in 
form 
and 
substance 
satisfactory to the Administrative Agent and each applicable L/C Issuer. 

“Cash Collateral”
 
shall 
have a meaning correlative to the foregoing and shall include the proceeds of 
such cash collateral 
and other credit support. 
“Cash 
Equivalents” 
means 
(a) 
cash 
in 
banks 
or 
on 
hand 
and 
(b) investments 
with 
a 
maturity of three (3) months or less when purchased, which are made in accordance with the Cal-
Maine Investment 
Guidelines as 
attached hereto 
as Schedule 
1.1,
1
 
as the 
same may 
be amended 
from time to time with the consent of the Required Lenders. 
“CERCLA” 
means 
the 
Comprehensive 
Environmental 
Response, 
Compensation 
and 
Liability 
Act 
of 
1980, 
as 
amended 
by 
the 
Superfund 
Amendments 
and 
Reauthorization 
Act 
of 
1986, 42 U.S.C. 
§§
9601 
et seq.,
 
and any future amendments. 
“Change in 
Law”
 
means the 
occurrence, after 
the date 
of this 
Agreement, of 
any of 
the 
following: 
(a) the adoption or 
taking effect 
of any law, 
rule, regulation or 
treaty, 
(b) any change 
in 
any 
law, 
rule, 
regulation 
or 
treaty 
or 
in 
the 
administration, 
interpretation, 
implementation 
or 
application thereof by any Governmental Authority, 
or (c) the making or issuance of any request, 
rule, 
guideline 
or 
directive 
(whether 
or 
not 
having 
the 
force 
of 
law) 
by 
any 
Governmental 
Authority; 
provided
 
that notwithstanding 
anything herein 
to the contrary, (x) the 
Dodd-Frank Wall 
Street 
Reform 
and 
Consumer 
Protection 
Act 
and 
all 
requests, 
rules, 
regulations, 
guidelines 
or 
directives thereunder 
or issued 
in connection 
therewith 
and (y) 
all requests, 
rules, guidelines 
or 
directives promulgated 
by the 
Bank for 
International Settlements, 
the Basel 
Committee on 
Banking 
Supervision 
(or 
any 
successor 
or 
similar 
authority) 
or 
the 
United 
States 
or 
foreign 
regulatory 
authorities, in 
each case 
pursuant to 
Basel III, 
shall in 
each case 
be deemed 
to be 
a “Change 
in 
Law”, regardless of the date enacted, adopted or 
issued, or (b) any “Change of Control” (or 
words 
of 
like 
import), 
as 
defined 
in 
any 
agreement 
or 
indenture 
relating 
to 
any 
issue 
of 
Material 
Indebtedness of any Loan Party or any Subsidiary of a Loan Party, shall occur. 
“Change of Control”
 
means Fred R. Adams Jr. 
, 
his spouse, natural children, sons-in-law 
or 
grandchildren, 
or 
any 
trust, 
guardianship, 
conservatorship 
or 
custodianship 
for 
the 
primary 
benefit of 
any of 
the foregoing, 
or any 
family limited partnership, 
similar limited liability 
company 
or other entity that 100% of voting control of such entity, is held by any of the foregoing, cease at 
1
 
Note to Cal-Maine: 
Please provide most up to date version of the investment guidelines. 

-7-
any time 
and for 
any reason 
(including death 
or incapacity) 
to own, 
legally 
and beneficially, 
at 
least 50% of the votes represented by the Voting Stock of the Borrower. 
“Closing Date”
 
means the date of this Agreement or such later Business Day upon which 
each condition described in Section 7.2 shall 
be satisfied or waived in a manner 
acceptable to the 
Administrative Agent in its discretion. 
“Code”
 
means the Internal Revenue Code of 1986, as amended, and any successor statute 
thereto. 
“Collateral”
 
means all 
properties, rights, 
interests, and 
privileges from 
time to 
time subject 
to the Liens granted 
to the Administrative Agent, 
or any security trustee 
therefor, by the Collateral 
Documents. 
“Collateral Account”
 
is defined in Section 9.4. 
“Collateral Access Agreement”
 
means any landlord 
waiver, warehouse, processor or 
other 
bailee letter 
or other 
agreement, in 
form and 
substance satisfactory 
to the 
Administrative Agent, 
between the Administrative 
Agent and any 
third party (including 
any bailee, consignee, 
customs 
broker, or other similar Person) in possession of any Collateral or 
any landlord of the Borrower or 
any 
Subsidiary 
for 
any 
real 
property 
where 
any 
Collateral 
is 
located, 
as 
such 
landlord 
waiver, 
bailee 
letter 
or 
other 
agreement 
may 
be 
amended, 
restated, 
or 
otherwise 
modified 
from 
time 
to 
time. 
“Collateral Documents” 
means the Security Agreement, 
and all other mortgages, 
deeds of 
trust, 
security 
agreements, 
pledge 
agreements, 
assignments, 
financing 
statements, 
control 
agreements, 
and 
other 
documents 
as 
shall 
from 
time 
to 
time 
secure 
or 
relate 
to 
the 
Secured 
Obligations or any part thereof. 
“Commitments”
 
means the Revolving Credit Commitments. 
“
Commodity Exchange Act”
 
means the Commodity 
Exchange Act (7 
U.S.C. § 1 
et seq.), 
as amended from time to time, and any successor statute. 

“Connection 
Income 
Taxes”
 
means 
Other 
Connection 
Taxes 
that 
are 
imposed 
on 
or 
measured by 
net income 
(however denominated) 
or that 
are franchise 
Taxes or branch 
profit Taxes. 
“Control” 
means the possession, directly or indirectly, 
of the power to direct or cause the 
direction of the management 
or policies of a 
Person, whether through the 
ability to exercise voting 
power, 
by 
contract 
or 
otherwise. 

“Controlling”
 
and 
“Controlled”
 
have 
meanings 
correlative 
thereto. 
“Controlled 
Group”
 
means 
all 
members 
of 
a 
controlled 
group 
of 
corporations 
and 
all 
trades or businesses 
(whether or not 
incorporated) under common 
control which, together 
with any 
Loan Party, are treated as a single employer under Section 414 of the Code. 

-8-
“Credit Event”
 
means the advancing 
of any Loan, 
or the issuance 
of, or extension 
of the 
expiration date or increase in the amount of, any Letter of Credit. 
“Debtor Relief 
Laws”
 
means the 
Bankruptcy Code 
of the 
United States 
of America, 
and 
all 
other 
liquidation, 
conservatorship, 
bankruptcy, 
assignment 
for 
the 
benefit 
of 
creditors, 
moratorium, rearrangement, 
receivership, insolvency, reorganization, or 
similar debtor 
relief Laws 
of the United States or other applicable jurisdictions from time to time in effect. 
“Default”
 
means any 
event or 
condition which 
constitutes an 
Event of 
Default or 
any event 
or condition 
the occurrence 
of which 
would, with 
the passage 
of time 
or the 
giving of 
notice, or 
both, constitute an Event of Default. 
“Defaulting Lender”
 
means, subject 
to Section 2.13(b), 
any Lender 
that (a) has 
failed to 
(i) fund all or any portion 
of its Loans within two 
(2) Business Days of the date 
such Loans were 
required 
to 
be 
funded 
hereunder 
unless 
such 
Lender 
notifies 
the 
Administrative 
Agent 
and 
the 
Borrower in writing that such failure is the result 
of such Lender’s determination that one or more 
conditions precedent to funding 
(each of which conditions 
precedent, together with any 
applicable 
default, 
shall 
be 
specifically 
identified in 
such writing) 
has not 
been 
satisfied, 
or (ii) 
pay 
to the 
Administrative Agent, 
any L/C 
Issuer, the Swingline Lender 
or any 
other Lender any 
other amount 
required to be paid by it hereunder (including in 
respect of its participation in Letters of Credit or 
Swingline 
Loans) 
within 
two 
(2) Business 
Days 
of 
the 
date 
when 
due, 
(b) has 
notified 
the 
Borrower, the 
Administrative Agent or 
any L/C Issuer 
or the Swingline 
Lender in 
writing that it 
does not intend to comply with 
its funding obligations hereunder, 
or has made a public statement 
to that effect (unless such writing or public statement relates to 
such Lender’s obligation to fund a 
Loan 
hereunder 
and 
states 
that 
such 
position 
is 
based 
on 
such 
Lender’s 
determination 
that 
a 
condition precedent to 
funding (which condition 
precedent, together with 
any applicable default, 
shall 
be 
specifically 
identified 
in 
such 
writing 
or 
public 
statement) 
cannot 
be 
satisfied), 
(c) has 
failed, 
within 
three 
(3) Business 
Days 
after 
written 
request 
by 
the 
Administrative 
Agent 
or 
the 
Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply 
with its prospective funding 
obligations hereunder (
provided
 
that such Lender shall 
cease to be a 
Defaulting 
Lender 
pursuant 
to 
this 
clause (c) 
upon 
receipt 
of 
such 
written 
confirmation 
by 
the 
Administrative Agent and 
the Borrower), or 
(d) has, or has 
a direct or 
indirect parent company 
that 
has, at 
any time 
after the 
Closing Date 
(i) become 
the subject 
of a 
proceeding under 
any Debtor 
Relief 
Law, 
(ii) had 
appointed 
for 
it 
a 
receiver, 
custodian, 
conservator, 
trustee, 
administrator, 
assignee for 
the benefit 
of creditors 
or similar 
Person charged 
with reorganization 
or liquidation 
of its business or assets, including the Federal Deposit 
Insurance Corporation or any other state or 
federal regulatory 
authority acting 
in such 
a capacity 
or (iii) become 
the subject 
of a 
Bail-in Action; 
provided
 
that 
a 
Lender 
shall 
not 
be 
a 
Defaulting 
Lender 
solely 
by 
virtue 
of 
the 
ownership 
or 
acquisition of 
any equity interest 
in that Lender 
or any direct 
or indirect parent 
company thereof 
by a Governmental Authority so 
long as such ownership 
interest does not result in 
or provide such 
Lender 
with 
immunity 
from 
the 
jurisdiction 
of 
courts 
within 
the 
United 
States 
or 
from 
the 
enforcement 
of 
judgments 
or 
writs 
of 
attachment 
on 
its 
assets 
or 
permit 
such 
Lender 
(or 
such 
Governmental Authority) 
to reject, 
repudiate, disavow 
or disaffirm 
any contracts 
or agreements 
made 
with 
such 
Lender. 
Any 
determination 
by 
the 
Administrative 
Agent 
that 
a 
Lender 
is 
a 
Defaulting 
Lender 
under 
clauses (a) 
through 
(d) 
above 
shall 
be 
conclusive 
and 
binding 
absent 
manifest 
error, 
and 
such 
Lender 
shall 
be 
deemed 
to 
be 
a 
Defaulting 
Lender 
(subject 
to 

-9-
Section 2.13(b)) upon 
delivery of 
written notice 
of such 
determination to 
the Borrower, 
the L/C 
Issuer, the Swingline Lender and each Lender. 
“Designated Disbursement Account”
 
means the account of the Borrower maintained with 
the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as 
the Borrower’s Designated Disbursement Account (or such other 
account as the Borrower and the 
Administrative Agent may otherwise agree). 
“Disposition”
 
means 
the 
sale, 
lease, 
conveyance 
or 
other 
disposition 
of 
Property, 
other 
than (a) the sale or lease of inventory in the ordinary course of business, and (b) the sale, transfer, 
lease or other disposition of Property of a 
Loan Party to another Loan Party in the 
ordinary course 
of its business. 

“Domestic Subsidiary”
 
means a Subsidiary that is not a Foreign Subsidiary.
“EEA Financial 
Institution”
 
means (a) any 
credit institution 
or investment 
firm established 
in any EEA Member Country 
which is subject to 
the supervision of an 
EEA Resolution Authority, 
(b) any entity established in 
an EEA Member Country 
which is a parent 
of an institution described 
in 
clause 
(a) 
of 
this 
definition, 
or 
(c) any 
financial 
institution 
established 
in 
an 
EEA 
Member 
Country which is a subsidiary of an 
institution described in clauses (a) or 
(b) of this definition and 
is subject to consolidated supervision with its parent. 
“EEA Member Country”
 
means any of the member states of 
the European Union, Iceland, 
Liechtenstein, and Norway. 
“EEA 
Resolution 
Authority”
 
means 
any 
public 
administrative 
authority 
or 
any 
person 
entrusted 
with 
public 
administrative 
authority 
of 
any 
EEA 
Member 
Country 
(including 
any 
delegee) having responsibility for the resolution of any EEA Financial Institution. 
“Eligible Assignee” 
means any Person 
that meets the 
requirements to be 
an assignee under 
Section 13.2(b)(iii), 
(v) 
and 
(vi) 
(subject 
to 
such 
consents, 
if 
any, 
as 
may 
be 
required 
under 
Section 13.2(b)(iii)).
“Eligible Line 
of Business”
 
means any 
business engaged 
in as 
of the 
date of 
this Agreement 
by 
the 
Borrower or 
any other 
Loan Party 
or any 
business 
reasonably 
related 
thereto, 
including, 
without limitation, spent 
foul business, further 
processing, fertilizer or 
nutrient manufacturing or 
cooperative 
purchasing 
or 
similar 
businesses 
related 
to 
Borrower’s 
commercial 
egg 
production 
business. 
“Environmental 
Claim” 
means 
any 
investigation, 
notice, 
violation, 
demand, 
allegation, 
action, suit, 
injunction, judgment, 
order, 
consent decree, 
penalty, 
fine, lien, 
proceeding or 
claim 
(whether administrative, judicial 
or private in 
nature), but not 
including internal reports 
prepared 
by 
or 
on 
behalf 
of 
Borrower 
in 
the 
ordinary 
course 
of 
business, 
arising 
(a) pursuant 
to, 
or 
in 
connection with an actual or alleged violation of, any Environmental 
Law, (b) in 
connection with 
any Hazardous 
Material, (c) from 
any abatement, 
removal, remedial, 
investigative, corrective 
or 
response 
action 
in 
connection 
with 
a 
Hazardous 
Material, 
Environmental 
Law 
or 
order 
of 
a 

-10-
governmental authority or (d) from any actual or alleged damage, injury, threat or harm to 
health, 
safety, natural resources or the environment. 
“Environmental Law”
 
means any current 
or future 
Legal Requirement pertaining 
to (a) the 
protection 
of 
health, 
safety 
and 
the 
indoor 
or 
outdoor 
environment, 
(b) the 
conservation, 
management, protection 
or use 
of natural 
resources and 
wildlife, (c) the 
protection or 
use of 
surface 
water 
or groundwater, 
(d) the 
management, 
manufacture, possession, 
presence, use, 
generation, 
transportation, 
treatment, 
storage, 
disposal, 
Release, 
threatened 
Release, 
abatement, 
removal, 
investigation, remediation or handling of, or exposure to, any Hazardous Material or (e) pollution 
(including 
any 
Release 
to 
air, 
land, 
surface 
water 
or 
groundwater), 
and 
any 
amendment, 
rule, 
regulation, order or directive issued thereunder. 
“Environmental 
Liability”
 
means 
any 
liability, 
contingent 
or 
otherwise 
(including 
any 
liability for damages, costs of environmental remediation, fines, costs of compliance, penalties or 
indemnities), of any Loan 
Party or any Subsidiary 
of a Loan Party 
directly or indirectly resulting 
from 
or 
based 
upon 
(a) any 
actual 
or 
alleged 
violation 
of 
any 
Environmental 
Law, 
(b) 
the 
generation, 
use, 
handling, 
transportation, 
storage, 
treatment 
or 
disposal 
of 
any 
Hazardous 
Materials, (c) exposure 
to any Hazardous Materials, 
(d) the Release or threatened 
Release of any 
Hazardous 
Materials 
into 
the 
environment 
or 
(e) 
any 
contract, 
agreement 
or 
other 
legally 
enforceable 
consensual 
arrangement 
pursuant 
to 
which 
liability 
is 
assumed 
or 
imposed 
with 
respect to any of the foregoing. 
“ERISA”
 
means the 
Employee Retirement 
Income Security 
Act of 
1974, as 
amended, or 
any successor statute thereto. 
“EU Bail-In Legislation Schedule”
 
means the EU Bail-In Legislation Schedule published 
by the Loan Market Association (or any successor Person), as in effect from time to time. 
“Eurodollar Loan”
 
means a Loan bearing interest at the rate specified in Section 2.4(b). 
“Eurodollar Reserve 
Percentage”
 
means the 
maximum reserve 
percentage, expressed 
as 
a decimal, at which reserves 
(including, without limitation, any emergency, marginal, special, and 
supplemental reserves) are imposed by the Board of Governors 
of the Federal Reserve System (or 
any 
successor) 
on 
“eurocurrency 
liabilities”
, 
as 
defined 
in 
such 
Board’s 
Regulation D 
(or 
any 
successor thereto), 
subject to 
any amendments 
of such 
reserve requirement 
by such 
Board or 
its 
successor, taking into 
account any 
transitional adjustments 
thereto. 
For purposes 
of this 
definition, 
the relevant 
Loans shall 
be deemed 
to be 
“eurocurrency 
liabilities”
 
as defined 
in Regulation D 
without 
benefit 
or 
credit 
for 
any 
prorations, 
exemptions 
or 
offsets 
under 
Regulation D.
The 
Eurodollar Reserve 
Percentage shall 
be adjusted 
automatically on 
and as 
of the 
effective date 
of 
any change in any such reserve percentage. 
“Event of Default”
 
means any event or condition identified as such in Section 9.1. 
“Event of 
Loss”
 
means, with respect 
to any 
Property, 
any of 
the following: 
(a) any loss, 
destruction or damage of 
such Property or (b) any 
condemnation, seizure, or taking, 
by exercise of 

-11-
the power of 
eminent domain or 
otherwise, of such 
Property, 
or confiscation of 
such Property or 
the requisition of the use of such Property. 

“Exchange Act”
 
means the United States Securities and Exchange Act of 1934. 
“Excluded 
Deposit 
Account” 
means 
a 
deposit 
account 
the 
balance 
of 
which 
consists 
exclusively of (and 
is identified when 
established as an 
account established solely 
for the purposes 
of) 
(a) withheld 
income 
Taxes 
and 
federal, 
state, 
local 
or 
foreign 
employment 
Taxes 
in 
such 
amounts 
as 
are 
required 
in 
the 
reasonable 
judgment 
of 
a 
Loan 
Party 
to 
be 
paid 
to 
the 
Internal 
Revenue Service or 
any other U.S., 
federal, state or 
local or foreign 
government agencies within 
the 
following 
month 
with 
respect 
to 
employees 
of 
such 
Loan 
Party, 
(b) amounts 
required 
to 
be 
paid over to an 
employee benefit plan pursuant 
to DOL Reg. Sec. 2510.3-102 
on behalf of or 
for 
the 
benefit 
of 
employees 
of 
any 
Loan 
Party, 
(c) amounts 
which 
are 
required 
to 
be 
pledged 
or 
otherwise 
provided 
as 
security 
pursuant 
to 
any 
requirement 
of 
any 
Governmental 
Authority 
or 
foreign pension requirement, 
(d) amounts to be 
used to fund 
payroll obligations (including, 
but not 
limited to, 
any ZBA 
for payroll 
and amounts 
payable to 
any employment 
contracts between 
any 
Loan 
Party 
and 
their 
respective 
employees), 
(e) 
Texas 
Egg 
Products, 
LLC 
and 
South 
Texas 
Applicators, 
Inc. 
deposit 
accounts, 
and 
(f) other 
deposit 
accounts 
maintained 
in 
the 
ordinary 
course 
of 
business 
containing 
cash 
amounts 
that 
do 
not 
exceed 
at 
any 
time 
$2,000,000 
in 
the 
aggregate for all such 
accounts under this clause (f), 
unless requested by the 
Administrative Agent 
after the occurrence and during the continuation of an Event of Default.
“
Excluded Equity Issuances
” means (a) the issuance by 
any Subsidiary of equity securities 
to 
the 
Borrower 
or 
any 
Guarantor, 
as 
applicable, 
(b) the 
issuance 
of 
equity 
securities 
by 
the 
Borrower 
to any 
Person 
that 
is 
an 
equity 
holder 
of 
the 
Borrower 
prior 
to such 
issuance, 
(c) the 
issuance of equity securities of the Borrower to directors, officers and employees of the Borrower 
and its 
Subsidiaries pursuant 
to employee 
stock option 
plans (or 
other employee 
incentive plans 
or other compensation arrangements) approved by the Borrower’s Board of Directors, and (d) the 
issuance of equity 
securities of the 
Borrower in order 
to finance the 
purchase consideration (or 
a 
portion thereof) in connection with a Permitted Acquisition or Capital Expenditures. 
“Excluded Property” 
means (a) any intent-to-use trademark application prior to the filing 
of 
a 
“Statement 
of 
Use” 
or 
“Amendment 
to 
Allege 
Use” 
with 
the 
United 
States 
Patent 
and 
Trademark Office 
with respect thereto, 
to the extent, 
if any, 
that, and solely 
during the period, 
if 
any, in which, the grant of a security interest therein would 
impair the validity or enforceability of 
such intent-to-use 
trademark application 
under applicable 
federal law; 
(b) any 
permit 
or license 
issued to any 
Loan Party as 
the permit holder or 
licensee thereof or 
any lease to 
which any Loan 
Party is lessee thereof, in each case only to the extent and for 
so long as the terms of such permit, 
license, or lease effectively 
(after giving effect to 
Sections 9-406 through 9-409, inclusive, 
of the 
Uniform Commercial 
Code in 
the applicable 
state (or 
any successor 
provision or 
provisions) or 
any other 
applicable law) 
prohibit the 
creation by 
such Loan 
Party of 
a security 
interest in 
such 
permit, 
license, 
or 
lease 
in 
favor 
of 
the 
Administrative 
Agent 
or 
would 
result 
in 
an 
effective 
invalidation, termination or 
breach of the 
terms of any 
such permit, license 
or lease (after 
giving 
effect 
to 
Sections 
9-406 
through 
9-409, 
inclusive, 
of 
the 
Uniform 
Commercial 
Code 
in 
the 
applicable state 
(or any 
successor provision 
or provisions) 
or any 
other applicable 
law), in 
each 
case unless and until any required consents 
are obtained, 
provided
 
that the Excluded Property will 

-12-
not include, and the Collateral 
shall include and the security 
interest granted in the Collateral 
shall 
attach 
to, 
(x) all 
proceeds, 
substitutions 
or 
replacements 
of any 
such 
excluded 
items 
referred 
to 
herein 
unless 
such 
proceeds, 
substitutions 
or 
replacements 
would 
constitute 
excluded 
items 
hereunder, (y) all rights to payment due or to become due under any such excluded items referred 
to herein, and (z) if and when 
the prohibition which prevents the granting 
of a security interest in 
any such Property is 
removed, terminated, or otherwise 
becomes unenforceable as 
a matter of 
law, 
the Administrative Agent will be 
deemed to have, and at 
all times to have had, 
a security interest 
in such property, 
and the Collateral 
will be deemed 
to include, and 
at all times 
to have included, 
such Property without further action or 
notice by any Person; and (c) Excluded 
Deposit Accounts. 

“
Excluded Swap Obligation
” means, with respect 
to any Guarantor, 
any Swap Obligation 
if, and 
to the 
extent that, 
all or 
a portion 
of the 
Guarantee of 
such Guarantor 
of, or 
the grant 
by 
such Guarantor of 
a security interest 
to secure, such 
Swap Obligation (or 
any Guarantee thereof) 
is or 
becomes illegal 
under the 
Commodity Exchange 
Act or 
any rule, 
regulation or 
order of 
the 
Commodity 
Futures 
Trading 
Commission 
(or 
the 
application 
or 
official 
interpretation 
of 
any 
thereof) by virtue of such Guarantor’s failure for any reason not to constitute an “eligible contract 
participant” as defined in 
the Commodity Exchange Act 
and the regulations thereunder 
at the time 
the 
Guarantee 
of 
such 
Guarantor 
or 
the 
grant 
of 
such 
security 
interest 
becomes 
effective 
with 
respect to 
such related 
Swap Obligation. 
If a 
Swap Obligation 
arises under 
a master 
agreement 
governing 
more 
than 
one 
swap, 
such 
exclusion 
shall 
apply 
only 
to 
the 
portion 
of 
such 
Swap 
Obligation that is 
attributable to swaps 
for which such 
Guarantee or security 
interest is or 
becomes 
illegal. 
“Excluded 
Taxes”
 
means 
any 
of 
the 
following 
Taxes 
imposed 
on 
or 
with 
respect 
to 
a 
Recipient or 
required to 
be withheld 
or deducted 
from a 
payment to 
a Recipient, 
(a) Taxes imposed 
on or measured by 
net income (however denominated), 
franchise Taxes, and branch profits Taxes, 
in each case, 
(i) imposed as a 
result of such 
Recipient being organized 
under the laws 
of, or having 
its 
principal 
office 
or, 
in 
the 
case 
of 
any 
Lender, 
its 
applicable 
lending 
office 
located 
in, 
the 
jurisdiction 
imposing 
such 
Tax 
(or 
any 
political 
subdivision 
thereof) 
or 
(ii) that 
are 
Other 
Connection Taxes, (b) in 
the case 
of a 
Lender, U.S. federal 
withholding Taxes imposed 
on amounts 
payable to 
or for 
the account 
of such 
Lender with 
respect to 
an applicable 
interest in 
a Loan 
or 
Commitment pursuant 
to a 
law in 
effect on the 
date on 
which (i) such 
Lender acquires 
such interest 
in the Loan or Commitment (other than pursuant to an assignment request by the 
Borrower under 
Section 2.12) or (ii) such Lender changes its lending office, except in each case to 
the extent that, 
pursuant to Section 4.1 amounts 
with respect to such Taxes 
were payable either to 
such Lender’s 
assignor immediately 
before such 
Lender became 
a party 
hereto or 
to such 
Lender immediately 
before it 
changed its 
lending office, 
(c) Taxes 
attributable to 
such Recipient’s 
failure to 
comply 
with Section 4.1(g), and (d) any U.S. federal withholding Taxes imposed under FATCA 
. 
“Existing 
Credit 
Agreement” 
has 
the 
meaning 
specified 
in 
the 
Preliminary 
Statements 
hereto. 
“Extended Revolving Credit Commitment” 
means any Revolving Credit Commitment the 
maturity of which has been extended pursuant to Section 2.16. 

-13-
“
Extended Revolving Loans
” means any Revolving Loans 
made pursuant to the Extended 
Revolving Credit Commitments. 
“
Extended Incremental 
Term 
Loans
” means any 
Incremental Term 
Loans the maturity 
of 
which shall have been extended pursuant to Section 2.16. 
“
Extension
” has the meaning specified in Section 2.16(a). 
“
Extension Offer
” has the meaning specified in Section 2.16(a). 
“Facility”
 
means any of the Revolving Facility or the Incremental Term Facility. 
“FATCA”
 
means Sections 1471 
through 1474 
of the 
Code, as 
of the 
date of 
this Agreement 
(or any 
amended or 
successor version 
that is 
substantively comparable 
and not 
materially more 
onerous to comply 
with), any current 
or future regulations 
or official 
interpretations thereof, and 
any agreements entered into pursuant to Section 1471(b)(1) of the Code. 
“FCPA”
 
means the Foreign Corrupt Practices Act, 15 U.S.C. §§78dd-1, et seq. 
“Federal 
Funds 
Rate”
 
means, 
for 
any 
day, 
the 
rate 
per 
annum 
equal 
to 
the 
weighted 
average of the rates on overnight federal funds transactions with 
members of the Federal Reserve 
System, 
as 
published 
by 
the 
Federal 
Reserve 
Bank 
of 
New 
York 
on 
the 
Business 
Day 
next 
succeeding such day; 
provided
 
that (a) if such day is 
not a Business Day, 
the Federal Funds Rate 
for 
such 
day 
shall 
be 
such 
rate 
on 
such 
transactions 
on 
the 
next 
preceding 
Business 
Day 
as 
so 
published on 
the next 
succeeding Business 
Day, 
and (b) if 
no such 
rate is 
so published 
on such 
next 
succeeding 
Business 
Day, 
the 
Federal 
Funds 
Rate 
for 
such 
day 
shall 
be 
the 
average 
rate 
(rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Administrative 
Agent on such day on such transactions as determined 
by the Administrative Agent; 
provided
 
that 
in no event shall the Federal Funds Rate be less than 0.00%. 
“Financial Officer”
 
of any Person means 
the chief financial officer, 
principal accounting 
officer, treasurer or controller of such Person. 

“Foreign Lender” 
means a Lender that is not a U.S. Person. 
“Foreign 
Subsidiary”
 
means 
each 
Subsidiary 
that 
(a) is 
organized 
under 
the 
laws 
of 
a 
jurisdiction other 
than the 
United States 
of America 
or any 
state thereof 
or the 
District of 
Columbia, 
(b) conducts substantially all 
of its 
business outside 
of the 
United States 
of America, 
and (c) has 
substantially all of its assets outside of the United States of America. 

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

-14-
Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s participation 
obligation has been reallocated to other Lenders. 
“Fund” 
means 
any 
Person 
(other 
than 
a 
natural 
person) 
that 
is 
(or 
will 
be) 
engaged 
in 
making, purchasing, holding or otherwise 
investing in commercial loans and 
similar extensions of 
credit in the ordinary course of its business.
“GAAP”
 
means generally accepted accounting 
principles set forth from 
time to time in 
the 
opinions and 
pronouncements of 
the Accounting 
Principles Board 
and the 
American Institute 
of 
Certified 
Public 
Accountants 
and 
statements 
and 
pronouncements 
of 
the 
Financial 
Accounting 
Standards Board (or 
agencies with similar 
functions of comparable 
stature and authority 
within the 
U.S. 
accounting 
profession), 
which 
are 
applicable 
to 
the 
circumstances 
as 
of 
the 
date 
of 
determination. 
“Governmental Authority”
 
means the government of the United States of 
America or any 
other 
nation, 
or 
of 
any 
political 
subdivision 
thereof, 
whether 
state 
or 
local, 
and 
any 
agency, 
authority, instrumentality, regulatory body, court, central 
bank or 
other entity 
exercising executive, 
legislative, 
judicial, 
taxing, regulatory 
or 
administrative 
powers or 
functions of 
or 
pertaining 
to 
government 
(including 
any 
supra-national 
bodies 
such 
as 
the 
European 
Union 
or 
the 
European 
Central Bank). 
“Guarantee”
 
of or by 
any Person (the 
“guarantor”
) means any 
obligation, contingent or 
otherwise, 
of 
the 
guarantor 
guaranteeing 
or 
having 
the 
economic 
effect 
of 
guaranteeing 
any 
Indebtedness 
or 
other 
obligation 
of 
any 
other 
Person 
(the 
“primary 
obligor”
) 
in 
any 
manner, 
whether 
directly 
or 
indirectly, 
and 
including 
any 
obligation 
of 
the 
guarantor, 
direct 
or 
indirect, 
(a) to 
purchase 
or 
pay 
(or 
advance 
or 
supply 
funds 
for 
the 
purchase 
or 
payment 
of) 
such 
Indebtedness or other obligation 
or to purchase (or 
to advance or supply 
funds for the purchase 
of) 
any security 
for the 
payment thereof, 
(b) to purchase 
or lease 
property, 
securities or 
services for 
the purpose of 
assuring the owner 
of such Indebtedness 
or other obligation 
of the payment thereof, 
(c) to 
maintain 
working 
capital, 
equity 
capital 
or 
any 
other 
financial 
statement 
condition 
or 
liquidity of 
the primary 
obligor so 
as to 
enable the 
primary obligor 
to pay 
such Indebtedness 
or 
other obligation 
or (d) 
as an 
account party 
in respect 
of any 
letter of 
credit or 
letter of 
guaranty 
issued 
to 
support 
such 
Indebtedness 
or 
obligation; 
provided
 
that 
the 
term 
Guarantee 
shall 
not 
include endorsements for collection or deposit in the ordinary course of business. 
“Guaranty Agreements”
 
means and 
includes the 
Guarantee of 
the Loan 
Parties provided 
for in Section 11, and 
any other guaranty agreement executed and delivered 
in order to guarantee 
the Secured Obligations 
or any part 
thereof in form 
and substance acceptable 
to the Administrative 
Agent. 
“Guarantors”
 
means 
and 
includes 
each 
Wholly-owned 
Subsidiary 
that 
is 
a 
Domestic 
Subsidiary of 
the Borrower, and 
Borrower, in its 
capacity as 
a guarantor 
of the 
Secured Obligations 
of another Loan Party. 

“Hazardous 
Material” 
means 
any 
substance, 
chemical, 
compound, 
product, 
solid, 
gas, 
liquid, 
waste, 
byproduct, 
pollutant, 
contaminant 
or 
material 
which 
is 
hazardous, 
toxic, 
or 
a 

-15-
pollutant 
and 
regulated 
pursuant 
to 
any 
Environmental 
Law 
and 
includes, 
without 
limitation, 
(a) asbestos, polychlorinated biphenyls and 
petroleum (including crude oil 
or any fraction thereof) 
and (b) any 
material classified 
or regulated as 
“hazardous,” “toxic,” 
or a “pollutant” 
or words 
of 
like import pursuant to an Environmental Law. 
For the purposes of this Agreement, however, the 
Parties 
acknowledge 
and 
agree 
that 
Borrower 
is 
in 
the 
live 
animal 
agriculture 
business 
and 
routinely generates, stores, handles, transports, composts, disposes of, 
applies and/or sells manure 
for 
beneficial 
reuse 
(fertilizer) 
in 
the 
ordinary 
course 
of 
business, 
that 
manure 
naturally 
breaks 
down and releases 
ammonia, phosphorus and 
other substances and 
such manure and 
its constituent 
parts shall not be “Hazardous Material” hereunder. 
“Hazardous 
Material 
Activity”
 
means 
any 
activity, 
event 
or 
occurrence 
involving 
a 
Hazardous 
Material, 
including, 
without 
limitation, 
the 
manufacture, 
possession, 
presence, 
use, 
generation, 
transportation, 
treatment, 
storage, 
disposal, 
Release, 
threatened 
Release, 
abatement, 
removal, remediation, handling of or corrective or response action to any Hazardous Material. 
“Hedging Agreement”
 
means any agreement with respect to 
any swap, forward, future or 
derivative transaction or 
option or similar 
agreement involving, or 
settled by reference 
to, one or 
more 
rates, 
currencies, 
commodities, 
equity 
or 
debt 
instruments 
or 
securities, 
or 
economic, 
financial 
or 
pricing 
indices 
or 
measures 
of 
economic, 
financial 
or 
pricing 
risk 
or 
value 
or 
any 
similar transaction 
or any 
combination of 
these transactions; 
provided
 
that no 
phantom stock 
or 
similar 
plan providing 
for 
payments 
only 
on 
account 
of 
services 
provided 
by 
current 
or 
former 
directors, 
officers, 
employees 
or 
consultants 
of 
any 
Loan 
Party 
or 
its 
Subsidiaries 
shall 
be 
a 
Hedging Agreement. 
“Hedging Liability”
 
means the 
liability of 
any Loan 
Party
to any 
of the 
Lenders, or 
any 
Affiliates 
of such 
Lenders 
in 
respect 
of 
any 
Hedging 
Agreement 
as 
such 
Loan 
Party 
may 
from 
time 
to 
time 
enter 
into 
with 
any 
one 
or 
more 
of 
the 
Lenders 
party 
to 
this 
Agreement 
or 
their 
Affiliates, 
whether 
absolute 
or 
contingent 
and 
howsoever 
and 
whensoever 
created, 
arising, 
evidenced 
or 
acquired 
(including 
all 
renewals, 
extensions 
and 
modifications 
thereof 
and 
substitutions therefor); 
provided, however,
 
that, with respect to any 
Guarantor, Hedging Liability 
Guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. 

“Hostile Acquisition”
 
means the acquisition of 
the capital stock or 
other equity interests of 
a Person through a tender offer 
or similar solicitation of the owners 
of such capital stock or other 
equity interests 
which has 
not been 
approved (prior 
to such 
acquisition) by 
resolutions of 
the Board 
of Directors of such Person or by similar action if such Person is not a corporation, or as to which 
such approval has been withdrawn. 
“Increase”
 
is defined in Section 2.15.
“Increase Date”
 
is defined in Section 2.15.
“Incremental Amendment”
 
is defined in Section 2.15.
“Incremental Term 
Facility”
 
means the credit facility for Incremental Term Loans. 

-16-
“Incremental Term 
Loans”
 
is defined in Section 2.15.
“Incremental Term Loan Percentage” 
means, for 
each Lender, the 
percentage held 
by such 
Lender of the aggregate principal amount of all Incremental Term Loans outstanding, if any. 
“Indebtedness”
 
means for 
any Person 
(without duplication) 
(a) all indebtedness 
created, 
assumed or 
incurred in 
any manner 
by such 
Person representing 
money borrowed 
(including by 
the issuance of debt securities), (b) all indebtedness for the deferred purchase price of property or 
services 
(other 
than 
trade 
accounts 
payable 
arising 
in 
the 
ordinary 
course 
of 
business), 
(c) all 
indebtedness secured by 
any Lien upon 
Property of such 
Person, whether or 
not such Person 
has 
assumed 
or 
become 
liable 
for 
the 
payment 
of 
such 
indebtedness, 
(d) all 
Capitalized 
Lease 
Obligations of such 
Person, (e) all obligations 
of such Person 
on or with 
respect to letters 
of credit, 
bankers’ acceptances and other extensions of credit to the extent 
any of the foregoing are not cash 
collateralized, 
whether or not representing obligations for borrowed 
money, (f) all 
obligations of 
such Person to purchase, redeem, retire, defease or otherwise make any payment in 
respect of any 
equity interest in 
such Person or 
any other Person 
or any warrant, 
right or option 
to acquire such 
equity interest, valued, in 
the case of a 
redeemable preferred interest, at 
the greater of its 
voluntary 
or 
involuntary 
liquidation 
preference 
plus 
accrued 
and 
unpaid 
dividends, 
(g) all 
net 
obligations 
(determined 
as 
of 
any 
time 
based 
on 
the 
termination 
value 
thereof) 
of 
such 
Person 
under 
any 
interest 
rate, 
foreign 
currency, 
and/or 
commodity 
swap, 
exchange, 
cap, 
collar, 
floor, 
forward, 
future 
or 
option 
agreement, 
or 
any 
other 
similar 
interest 
rate, 
currency 
or 
commodity 
hedging 
arrangement; 
and 
(h) all 
Guarantees 
of 
such 
Person 
in 
respect 
of 
any 
of 
the 
foregoing. 
For 
all 
purposes hereof, the Indebtedness of any Person shall include the Indebtedness 
of any partnership 
or joint venture (other than a joint venture that is itself a corporation or limited liability company) 
in which such Person 
is a general partner 
or a joint venturer, unless such 
Indebtedness is expressly 
made non-recourse to such Person. 
“Indemnified Taxes”
 
means (a) all Taxes 
other than Excluded Taxes, 
imposed on or with 
respect to any 
payment made by 
or on account 
of any obligation 
of any Loan 
Party under any 
Loan 
Document and (b) to the extent not otherwise described in (a), Other Taxes. 
“Interest 
Payment Date”
 
means (a) with 
respect to 
any Eurodollar 
Loan, the 
last day 
of 
each 
Interest 
Period 
with 
respect 
to 
such 
Eurodollar 
Loan 
and 
on 
the 
maturity 
date 
and, 
if 
the 
applicable 
Interest 
Period 
is 
longer 
than 
three (3) 
three 
months, 
on 
each 
day 
occurring 
every 
three (3) 
months 
after 
the 
commencement 
of 
such 
Interest 
Period, 
(b) with 
respect 
to 
any 
Base 
Rate Loan (other than 
Swingline Loans), the 
last day of 
every calendar quarter 
and on the 
maturity 
date, and (c) as to 
any Swingline Loan, (i) bearing 
interest by reference to 
the Base Rate, the 
last 
day of every calendar month, and on the maturity date and (ii) bearing interest by reference to the 
Swingline Lender’s Quoted Rate, the 
last day of the 
Interest Period with respect 
to such Swingline 
Loan, and on the maturity date. 
“Interest 
Period”
 
means the 
period commencing 
on the 
date a 
Borrowing of 
Eurodollar 
Loans or Swingline Loans 
(bearing interest at 
the Swingline Lender’s 
Quoted Rate) is advanced, 
continued, 
or 
created 
by 
conversion 
and 
ending 
(a) in 
the 
case 
of 
Eurodollar 
Loans, 
one (1), 
two (2), three (3), six (6) or twelve 
(12) months thereafter and (b) in 
the case of Swingline Loans 
bearing interest 
at the 
Swingline Lender’s 
Quoted Rate, 
on the 
date one 
(1) to 
five (5) 
Business 

-17-
Days thereafter as 
mutually agreed by 
the Borrower and 
the Swingline Lender, 
provided, however, 
that: 
 
(i) 
no Interest Period 
shall extend 
beyond the final 
maturity date 
of the relevant 
Loans; 

 
(ii) 
whenever the last day of any 
Interest Period would otherwise be a 
day that 
is not 
a Business 
Day, 
the last 
day of 
such Interest 
Period shall 
be extended 
to the 
next 
succeeding Business Day, 
provided 
that, if such 
extension would cause 
the last day 
of an 
Interest 
Period 
for 
a 
Borrowing 
of 
Eurodollar 
Loans 
to 
occur 
in 
the 
following 
calendar 
month, 
the last 
day of 
such Interest 
Period 
shall be 
the immediately 
preceding Business 
Day; and 

 
(iii) 
for 
purposes 
of 
determining 
an 
Interest 
Period 
for 
a 
Borrowing 
of 
Eurodollar 
Loans, a 
month 
means 
a period 
starting on 
one 
day in 
a calendar 
month and 
ending 
on 
the 
numerically 
corresponding 
day 
in 
the 
next 
calendar 
month; 
provided, 
however,
 
that if there is 
no numerically corresponding day 
in the month in 
which such an 
Interest Period is to 
end or if such 
an Interest Period begins 
on the last Business 
Day of a 
calendar month, 
then such 
Interest Period 
shall end 
on the 
last Business 
Day of 
the calendar 
month in which such Interest Period is to end. 
“IRS” 
means the United States Internal Revenue Service. 
“L/C Issuer”
 
means 
BMO 
Harris 
Bank 
N.A., 
in 
its 
capacity 
as 
the 
issuer 
of 
Letters 
of 
Credit 
hereunder, 
in 
each 
case 
together 
with 
its 
successors 
in 
such 
capacity 
as 
provided 
in 
Section 2.3(h). 
“L/C Obligations”
 
means the aggregate 
undrawn face amounts 
of all outstanding 
Letters 
of Credit and all unpaid Reimbursement Obligations.
“L/C Participation Fee”
 
is defined in Section 3.1(b). 
“L/C Sublimit”
 
means $15,000,000, 
as reduced 
or otherwise 
amended pursuant 
to the 
terms 
hereof. 
“Legal 
Requirement”
 
means 
any 
treaty, 
convention, 
statute, 
law, 
common 
law, 
rule, 
regulation, 
ordinance, 
license, 
permit, 
governmental 
approval, 
injunction, 
judgment, 
order, 
consent decree 
or other 
requirement of 
any governmental 
authority, whether federal, state, 
or local. 
“Lenders”
 
means 
and 
includes 
BMO 
Harris 
Bank 
N.A.
and 
the 
other 
Persons 
listed 
on 
Schedule 
2.1/2.2 
and 
any 
other 
Person 
that 
shall 
have 
become 
party 
hereto 
pursuant 
to 
an 
Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant 
to 
an 
Assignment and 
Assumption. 
Unless the 
context 
requires otherwise, 
the 
term 
“Lenders”
includes the Swingline Lender. 
“Lending Office”
 
is defined in Section 4.7.

-18-
“Letter of Credit”
 
is defined in Section 2.3(a). 
“LIBOR”
 
means, 
for 
an 
Interest 
Period 
for 
a 
Borrowing 
of 
Eurodollar 
Loans, 
(a) the 
LIBOR Index Rate 
for such Interest 
Period, if such 
rate is available, 
and (b) if the 
LIBOR Index 
Rate 
cannot 
be 
determined, 
the 
arithmetic 
average 
of 
the 
rates 
of 
interest 
per 
annum 
(rounded 
upwards, if 
necessary, to the nearest 
1/100 of 
1%) at 
which deposits 
in U.S. 
Dollars in 
immediately 
available funds are offered to the 
Administrative Agent at 11:00 a.m. (London, England time) 
two 
(2) Business Days before 
the beginning of 
such Interest Period 
by three (3) 
or more major 
banks 
in the interbank 
euro dollar market 
selected by the Administrative 
Agent for delivery 
on the first 
day of and for a period equal to such Interest Period 
and in an amount equal or comparable to the 
principal amount 
of the 
Eurodollar Loan 
scheduled to 
be made 
as part 
of such 
Borrowing, provided 
that in no event shall “LIBOR” be less than 0.00%. 
“LIBOR Index Rate”
 
means, for any 
Interest Period, the 
rate per annum 
(rounded upwards, 
if necessary, to the next higher one hundred-thousandth of a percentage point) 
for deposits in U.S. 
Dollars for a period equal to such Interest Period, as reported on the applicable Bloomberg screen 
page (or 
such other 
commercially available 
source providing 
such quotations 
as may 
be designated 
by the 
Administrative Agent 
from time 
to time)
as of 
11:00 a.m. 
(London, England 
time) on 
the 
day two (2) Business Days before the commencement of such Interest Period. 
“Lien” 
means any mortgage, lien, security interest, pledge, charge or encumbrance of any 
kind in respect of any Property, including the interests of a vendor or lessor under any conditional 
sale, Capital Lease or other title retention arrangement. 
“Loan”
 
means any Revolving 
Loan, Swingline Loan, 
or Incremental Term 
Loan (if any) 
whether 
outstanding 
as 
a 
Base 
Rate 
Loan 
or 
Eurodollar 
Loan 
or 
otherwise, 
each 
of 
which 
is 
a 
“type”
 
of Loan hereunder. 
“Loan 
Documents”
 
means 
this 
Agreement, 
the 
Notes 
(if 
any), 
the 
Applications, 
the 
Collateral 
Documents, 
the 
Guaranty 
Agreements, 
and 
each 
other 
instrument 
or 
document 
to 
be 
delivered hereunder or thereunder or otherwise in connection therewith. 
“Loan Party”
 
means the Borrower and each of the Guarantors. 

“Marketable Securities”
 
means investments with a 
maturity of more than 
three (3) months 
when 
purchased 
which 
are 
made 
in 
accordance 
with 
the 
Cal-Maine 
Investment 
Guidelines 
as 
attached hereto as Schedule 1.1, as the 
same may be amended from time to 
time with the consent 
of the Required Lenders. 
“Material 
Adverse 
Effect”
 
means 
(a) 
a 
material 
adverse 
change 
in, 
or 
material 
adverse 
effect upon, the operations, business, or financial condition 
of the Borrower or of the Loan 
Parties 
and their Subsidiaries taken as a whole, (b) a material impairment of the ability of any 
Loan Party 
to perform its material
obligations under any Loan 
Document or (c) a material 
adverse effect upon 
(i) the 
legality, 
validity, 
binding 
effect 
or 
enforceability 
against 
any 
Loan 
Party 
of 
any 
Loan 
Document 
or 
the 
material 
rights 
and 
remedies 
of 
the 
Administrative 
Agent 
and 
the 
Lenders 
thereunder or (ii) the perfection or priority of any Lien granted under any Collateral Document. 

-19-
“Material Indebtedness”
 
means Indebtedness (other than 
the Loans and Letters 
of Credit), 
or 
obligations 
in 
respect 
of 
one 
or more 
Hedging Agreements, 
of 
any one 
or 
more 
of 
the 
Loan 
Parties 
and 
its 
Subsidiaries 
with 
an 
individual 
outstanding 
principal 
amount 
exceeding 
$30,000,000. 
For purposes of 
determining Material Indebtedness, 
the “obligations” of 
any Loan 
Party or any 
Subsidiary in respect 
of any Hedging 
Agreement at any 
time shall be 
the maximum 
aggregate 
amount 
(giving 
effect 
to 
any 
netting 
agreements) 
that 
such 
Loan 
Party 
or 
such 
Subsidiary would be required to pay if such Hedging Agreement were terminated at such time. 
“Minimum 
Collateral 
Amount”
 
means, 
at 
any 
time, 
(a) with 
respect 
to 
Cash 
Collateral 
consisting of cash 
or deposit account 
balances, an amount 
equal to 105% 
(or 100% 
if such Cash 
Collateral consists 
of a 
demand or 
time deposit 
account) of 
the Fronting 
Exposure of 
all L/C 
Issuers 
with respect to Letters of Credit issued and outstanding at such 
time and (b) otherwise, an amount 
determined by the Administrative Agent and the L/C Issuer in their sole discretion. 
“Moody’s”
 
means Moody’s Investors Service, Inc. 
“Net Cash 
Proceeds”
 
means, as 
applicable, (a) with 
respect to 
any Disposition 
by a 
Person, 
cash and cash equivalent proceeds 
received by or for such Person’s 
account, net of (i) reasonable 
direct costs relating 
to such Disposition, (ii) sale, 
use or other transactional 
taxes paid or payable 
by 
such 
Person 
as 
a 
direct 
result 
of 
such 
Disposition, 
and 
(iii) the 
amount 
of 
any 
Indebtedness 
permitted hereby 
which is 
secured by 
a prior 
perfected Lien 
on the 
asset subject 
to such 
Disposition 
and is required to be 
repaid in connection with such 
Disposition, (b) with respect to any 
Event of 
Loss 
of 
a 
Person, 
cash 
and 
cash 
equivalent 
proceeds 
received 
by 
or 
for 
such 
Person’s 
account 
(whether 
as 
a 
result 
of 
payments 
made 
under 
any 
applicable 
insurance 
policy 
therefor 
or 
in 
connection with condemnation 
proceedings or otherwise), 
net of reasonable 
direct costs incurred 
in connection with the 
collection of such proceeds, 
awards or other payments, 
and the amount of 
any Indebtedness permitted hereby which is secured by 
a prior perfected Lien in the asset subject 
to the 
Event of 
Loss and 
(c) with 
respect to 
any offering 
of equity 
securities of 
a Person 
or the 
issuance of any 
Indebtedness by a 
Person, 
cash and cash 
equivalent proceeds received 
by or for 
such Person’s account, net of reasonable 
legal, underwriting, and other 
fees and expenses incurred 
as a direct result thereof. 

“Net 
Income”
 
means, 
with 
reference 
to 
any 
period, 
the 
net 
income 
(or 
net 
loss) 
of 
the 
Borrower and 
its Subsidiaries 
for such 
period computed 
on a 
consolidated basis 
in accordance 
with 
GAAP; 
provided
 
that there shall be excluded from 
Net Income (a) the net income (or 
net loss) of 
any Person accrued 
prior to the 
date it becomes 
a Subsidiary of, 
or has merged 
into or consolidated 
with, the Borrower 
or another Subsidiary, (b) the 
net income (or 
net loss) of 
any Person (other 
than 
a Subsidiary) in which the Borrower or any of its Subsidiaries has an equity interest, except 
to the 
extent of the amount of dividends or other distributions actually paid to 
the Borrower or any of its 
Subsidiaries during such period, and (c) the undistributed earnings of any Subsidiary to the extent 
that the 
declaration or 
payment of 
dividends or 
similar distributions 
by such 
Subsidiary is 
not at 
the 
time 
permitted 
by 
the 
terms 
of 
any 
contractual 
obligation 
(other 
than 
under 
any 
Loan 
Document) or requirement of law applicable to such Subsidiary. 

“Net Worth” 
means, at 
any time 
the same 
is to 
be determined, 
total shareholder’s 
equity 
(including capital stock, 
additional paid in 
capital, and retained 
earnings after deducting 
treasury 

-20-
stock) that would appear on the balance sheet of the 
Borrower and its Subsidiaries, determined in 
accordance with GAAP on a consolidated basis.
“Non-Consenting Lender” 
means any 
Lender that 
does not 
approve any 
consent, waiver 
or amendment that 
(a) requires the approval 
of all affected 
Lenders in accordance 
with the terms 
of Section 13.3 and (b) has been approved by the Required Lenders. 
“Non-Defaulting Lender”
 
means, at any time, each Lender that is not 
a Defaulting Lender 
at such time. 
“Note”
 
and 
“Notes”
 
each is defined in Section 2.10. 
“Obligations”
 
means all 
obligations of 
the Borrower 
to pay 
principal and 
interest on 
the 
Loans, all Reimbursement Obligations 
owing under the Applications, 
all fees and charges payable 
hereunder, and all 
other payment 
obligations of 
the Borrower 
or any 
other Loan 
Party arising 
under 
or in relation to 
any Loan Document, in 
each case whether now 
existing or hereafter arising, 
due 
or 
to 
become 
due, 
direct 
or 
indirect, 
absolute 
or 
contingent, 
and 
howsoever 
evidenced, 
held 
or 
acquired. 
“OFAC” 
means 
the 
United 
States 
Department 
of 
Treasury 
Office 
of 
Foreign 
Assets 
Control. 
“OFAC 
Event” 
is defined in Section 8.15. 
“OFAC 
Sanctions 
Programs”
 
means 
all 
laws, 
regulations, 
and 
Executive 
Orders 
administered 
by 
OFAC, 
including 
without 
limitation, 
the 
Bank 
Secrecy 
Act, 
anti-money 
laundering 
laws 
(including, 
without 
limitation, 
the 
Uniting 
and 
Strengthening 
America 
by 
Providing 
Appropriate 
Tools 
Required 
to 
Intercept 
and 
Obstruct 
Terrorism 
Act 
of 
2001, 
Pub. L. 107-56 
(a/k/a 
the 
USA 
Patriot 
Act)), 
and 
all 
economic 
and 
trade 
sanction 
programs 
administered by 
OFAC, 
any and 
all similar 
United States 
federal laws, 
regulations or 
Executive 
Orders (whether administered by OFAC or otherwise), and any similar laws, regulations 
or orders 
adopted by any State within the United States. 
“Other Connection 
Taxes” 
means, with 
respect to 
any Recipient, 
Taxes imposed as a 
result 
of a present or former connection between such Recipient and the jurisdiction imposing such Tax 
(other than 
connections arising 
from such 
Recipient having 
executed, delivered, 
become a 
party 
to, 
performed 
its 
obligations 
under, 
received 
payments 
under, 
received 
or 
perfected 
a 
security 
interest under, 
engaged in 
any other 
transaction pursuant 
to or 
enforced any 
Loan Document, 
or 
sold or assigned an interest in any Loan or Loan Document). 
“Other 
Taxes”
 
means 
all 
present 
or 
future 
stamp, 
court 
or 
documentary, 
intangible, 
recording, filing 
or similar 
Taxes 
that arise 
from any 
payment made 
under, 
from the 
execution, 
delivery, 
performance, enforcement or registration of, 
from the receipt or perfection 
of a security 
interest under, 
or otherwise with 
respect to, any 
Loan Document, except 
any such Taxes 
that are 
Other Connection 
Taxes 
imposed with 
respect to an 
assignment (other than 
an assignment 
made 
pursuant to Section 2.12). 

-21-
“Participant” 
has the meaning assigned to such term in clause (d) of Section 13.2. 
“Participant Register” 
has the meaning specified in clause (d) of Section 13.2. 
“Participating Interest”
 
is defined in Section 2.3(e). 
“Participating Lender”
 
is defined in Section 2.3(e). 
“PBGC”
 
means 
the Pension 
Benefit Guaranty 
Corporation or 
any Person 
succeeding to 
any or all of its functions under ERISA. 
“Percentage” 
means for any 
Lender its Revolver 
Percentage or its 
Incremental Term Loan 
Percentage, as applicable. 
“Permitted Acquisition”
 
means any Acquisition with respect to which all of the following 
conditions shall have been satisfied: 
 
(a) 
the Acquired Business 
is in an 
Eligible Line of 
Business and has 
its primary 
operations within the United States of America; 
 
(b) 
the Acquisition shall not be a Hostile Acquisition; 
 
(c) 
the Borrower or a Subsidiary shall 
be the surviving entity in any 
merger to 
which it is a party in connection with such Acquisition; 
 
(d) 
if a 
new Subsidiary 
is formed 
or acquired 
as a 
result of 
or in 
connection with 
the Acquisition, 
the Borrower 
shall have 
complied with 
the requirements 
of Section 12.3 
within 30 days of the completion thereof; 

 
(e) 
after 
giving 
effect 
to 
the 
Acquisition 
and 
any 
Credit 
Event 
in 
connection 
therewith, 
no 
Default 
shall 
exist, 
including 
with 
respect 
to 
the 
financial 
covenants 
contained in 
Section 8.22 on 
a pro 
forma basis 
(looking back 
four completed 
fiscal quarters 
as if the Acquisition occurred 
on the first day of 
such period and after giving 
effect to the 
payment of the purchase price for the Acquired Business); and 
 
(f) 
after 
giving 
effect 
to 
the 
Acquisition 
and 
any 
Credit 
Event 
in 
connection 
therewith, the 
sum of 
cash and 
Cash Equivalents 
of the 
Borrower plus 
availability under 
the Revolving Facility shall equal at least $50,000,000. 

“Person” 
means 
any 
natural 
Person, 
corporation, 
limited 
liability 
company, 
trust, 
joint 
venture, association, company, partnership, Governmental Authority or other entity. 
“Plan”
 
means any employee 
pension benefit plan 
covered by Title IV of 
ERISA or subject 
to the minimum funding standards 
under Section 412 of the Code 
that either (a) is maintained 
by 
a member of 
the Controlled Group 
for employees of 
a member of 
the Controlled Group 
or (b) is 
maintained pursuant 
to a collective 
bargaining agreement 
or any other 
arrangement under 
which 

-22-
more than one 
employer makes contributions 
and to which 
a member of 
the Controlled Group 
is 
then making or accruing an obligation to make contributions or 
has within the preceding five plan 
years made contributions. 
“Premises”
 
means the real property owned or leased by any Loan Party or 
any Subsidiary 
of a Loan Party.
“Property”
 
means, 
as 
to 
any 
Person, 
all 
types 
of 
real, 
personal, 
tangible, 
intangible 
or 
mixed property owned by such Person whether 
or not included in the most 
recent balance sheet of 
such Person and its subsidiaries under GAAP. 
“
Qualified ECP 
Guarantor
” means, 
in respect 
of any 
Swap Obligation, 
each Loan 
Party 
that 
has 
total 
assets 
exceeding 
$10,000,000 
at 
the 
time 
the 
relevant 
Guarantee 
or 
grant 
of 
the 
relevant security 
interest becomes 
effective 
with respect 
to such 
Swap Obligation 
or such 
other 
person as constitutes an 
“eligible contract participant” under 
the Commodity Exchange Act 
or any 
regulations promulgated 
thereunder and 
can cause 
another person 
to qualify 
as an 
“eligible contract 
participant” 
at 
such 
time 
by 
entering 
into 
a 
keepwell 
under 
Section 1a(18)(A)(v)(II) 
of 
the 
Commodity Exchange Act. 

“RCRA”
 
means the Solid Waste Disposal Act, as amended by the 
Resource Conservation 
and 
Recovery 
Act 
of 
1976 
and 
Hazardous 
and 
Solid 
Waste 
Amendments 
of 
1984, 
42 U.S.C. 
§§
6901 
et seq.
, and any future amendments.
“Recipient
” means (a) 
the Administrative 
Agent, (b) any 
Lender, and 
(c) any L/C 
Issuer, 
as applicable. 
“Register”
 
is defined in Section 13.2(c). 
“Reimbursement Obligation”
 
is defined in Section 2.3(c). 
“Related 
Parties” 
means, 
with 
respect 
to 
any 
Person, 
such 
Person’s 
Affiliates 
and 
the 
partners, 
directors, officers, 
employees, 
agents, trustees, 
administrators, managers, 
advisors 
and 
representatives of such Person and of such Person’s Affiliates. 
“Release”
 
means 
any 
spilling, 
leaking, 
pumping, 
pouring, 
emitting, 
emptying, 
discharging, 
injecting, 
escaping, 
leaching, 
migrating, 
dumping, 
or 
disposing 
into 
the 
indoor 
or 
outdoor 
environment, 
including, 
without 
limitation, 
the 
abandonment 
or 
discarding 
of 
barrels, 
drums, containers, 
tanks or 
other receptacles 
containing or 
previously containing any 
Hazardous 
Material. 
“Required 
Lenders” 
means, 
at 
any 
time, 
Lenders 
having 
Total 
Credit 
Exposures 
representing (a) 
if there 
are 
2 or 
less Lenders, 
all of 
the Lenders, 
and (b) if 
there are 
3 or 
more 
Lenders, 50.0% or 
more of the 
Total 
Credit Exposures of 
all Lenders. 
To 
the extent provided 
in 
the last 
paragraph of 
Section 13.3, the 
Total 
Credit Exposure 
of any 
Defaulting Lender 
shall be 
disregarded in determining Required Lenders at any time.

-23-
“Responsible Officer”
 
of any person 
means any executive 
officer or 
Financial Officer 
of 
such Person and any other officer, general partner or managing member or similar official thereof 
with 
responsibility 
for 
the 
administration 
of 
the 
obligations 
of 
such 
person 
in 
respect 
of 
this 
Agreement whose signature 
and incumbency shall 
have been certified 
to the Administrative 
Agent 
on or 
after 
the Closing 
Date pursuant 
to an 
incumbency certificate 
of the 
type contemplated 
by 
Section 7.2.
“Revolver 
Percentage”
 
means, 
for 
each 
Lender, 
the 
percentage 
of 
the 
total 
Revolving 
Credit 
Commitments 
represented 
by 
such 
Lender’s 
Revolving 
Credit 
Commitment 
or, 
if 
the 
Revolving 
Credit 
Commitments 
have 
been 
terminated 
or 
expired, 
the 
percentage 
of 
the 
total 
Revolving Credit Exposure then outstanding held by such Lender. 
“Revolving Facility”
 
means the credit facility for making Revolving Loans 
and Swingline 
Loans and issuing Letters of Credit described in Sections 2.1, 2.2 and 2.3. 

“Revolving Credit 
Commitment”
 
means, as 
to any Lender, 
the obligation 
of such 
Lender 
to make 
Revolving Loans 
and to 
participate in 
Swingline Loans 
and Letters 
of Credit 
issued for 
the account 
of the 
Borrower hereunder 
in an 
aggregate principal 
or face 
amount at 
any one 
time 
outstanding not to exceed 
the amount set forth 
opposite such Lender’s 
name on Schedule 2.1/2.2 
attached hereto 
and made 
a part 
hereof, as 
the same 
may be 
reduced or 
modified at 
any time 
or 
from time to 
time pursuant to 
the terms hereof 
(including, without limitation, 
Section 2.15 hereof). 

The Borrower and the 
Lenders acknowledge and agree 
that the Revolving Credit 
Commitments of 
the Lenders aggregate $250,000,000 on the Closing Date. 
“Revolving Credit Exposure” 
means, as to any Lender 
at any time, the aggregate 
principal 
amount at 
such time 
of its 
outstanding Revolving 
Loans and 
such Lender’s 
participation in 
L/C 
Obligations and Swingline Loans at such time. 
“Revolving Credit 
Termination 
Date”
 
means November 
15, 2026 
or such 
earlier date 
on 
which the 
Revolving Credit 
Commitments are 
terminated in 
whole pursuant 
to Section 2.11, 
9.2 
or 9.3. 
“Revolving Loan” 
is defined in Section 2.1 and, as so defined, includes a 
Base Rate Loan 
or a Eurodollar Loan, each of which is a 
“type”
 
of Revolving Loan hereunder. 
“Revolving Note”
 
is defined in Section 2.10. 
“S&P”
 
means Standard & Poor’s Ratings 
Services Group, a Standard & Poor’s Financial 
Services LLC business. 
“SEC”
 
means the United States Securities and Exchange Commission. 
“Secured 
Obligations”
 
means 
the 
Obligations, 
Hedging 
Liability, 
and 
Bank 
Product 
Obligations, in each case 
whether now existing or 
hereafter arising, due or 
to become due, direct 
or 
indirect, 
absolute 
or 
contingent, 
and 
howsoever 
evidenced, 
held 
or 
acquired 
(including 
all 
interest, costs, 
fees, and charges 
after the 
entry of an 
order for 
relief against 
any Loan Party 
in a 

-24-
case 
under 
the 
United 
States 
Bankruptcy 
Code 
or 
any 
similar 
proceeding, 
whether 
or 
not 
such 
interest, costs, 
fees and 
charges would 
be an 
allowed claim 
against such 
Loan Party 
in any 
such 
proceeding); 
provided, 
however,
 
that, 
with 
respect 
to 
any 
Guarantor, 
Secured 
Obligations 
Guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. 
“Securities Act” 
means the United States Securities Act of 1933. 
“Security Agreement”
 
means that certain Security 
Agreement dated as of 
July 10, 2018, as 
amended 
and 
reaffirmed 
by 
that 
certain 
Reaffirmation, 
Modification 
and 
Omnibus 
Joinder 
Agreement dated 
as of 
the date hereof 
among the Loan 
Parties and 
the Administrative 
Agent, as 
the same may be amended, modified, amended and restated, supplemented or otherwise modified 
from time to time. 
“Subsidiary”
 
means, 
as 
to 
any 
particular 
parent 
corporation 
or 
organization, 
any 
other 
corporation or organization more 
than 50% of 
the outstanding Voting 
Stock of which 
is at the 
time 
directly 
or 
indirectly 
owned 
by 
such 
parent 
corporation 
or 
organization 
or 
by 
any 
one 
or 
more 
other entities 
which are 
themselves subsidiaries 
of such 
parent corporation 
or organization. 
Unless 
otherwise expressly 
noted herein, 
the term 
“Subsidiary”
 
means a 
Subsidiary of 
the Borrower 
or 
of any of its direct or indirect Subsidiaries. 
“
Swap Obligation
” means, with respect 
to any Guarantor, any obligation 
to pay or perform 
under 
any 
agreement, 
contract 
or 
transaction 
that 
constitutes 
a 
“swap” 
within 
the 
meaning 
of 
Section 1a(47) of the Commodity Exchange Act. 

“Sweep Depositary”
 
shall have 
the meaning 
set forth 
in the 
definition of 
Sweep to 
Loan 
Arrangement. 
“Sweep to Loan Arrangement”
 
means a cash management arrangement established by the 
Borrower 
with 
the 
Swingline 
Lender 
or 
an 
Affiliate 
of 
the 
Swingline 
Lender, 
as 
depositary 
(in 
such 
capacity, 
the 
“Sweep Depositary”
), 
pursuant to 
which the 
Swingline Lender 
is authorized 
(a) to make 
advances of 
Swingline Loans 
hereunder, 
the proceeds 
of which 
are deposited 
by the 
Swing Lender into a designated 
account of the Borrower 
maintained at the Sweep Depositary, and 
(b) to 
accept 
as 
prepayments 
of 
the 
Swingline 
Loans 
hereunder 
proceeds 
of 
excess 
targeted 
balances 
held 
in 
such 
designated 
account 
at 
the 
Sweep 
Depositary, 
which 
cash 
management 
arrangement is 
subject to 
such agreement(s) and 
on such 
terms acceptable to 
the Sweep Depositary 
and the Swing Lender. 
“Swingline” 
means the credit facility for 
making one or more 
Swingline Loans described 
in Section 2.2. 

“Swingline 
Lender”
 
means 
BMO 
Harris 
Bank 
N.A., 
in 
its 
capacity 
as 
the 
Lender 
of 
Swingline Loans 
hereunder, 
or any 
successor Lender 
acting in 
such capacity 
appointed pursuant 
to Section 13.2. 
“Swingline Lender’s 
Quoted Rate”
 
is defined in Section 2.2(b). 

-25-
“Swingline Sublimit”
 
means $15,000,000, as reduced pursuant to the terms hereof. 
“Swingline Loan” 
and 
“Swingline Loans”
 
each is defined in Section 2.2(b). 
“Swing Note”
 
is defined in Section 2.10. 
“Tangible 
Net Worth
” means total 
shareholder’s equity that 
would appear on 
the balance 
sheet of the 
Borrower and 
its Subsidiaries 
minus the 
sum of 
(a) all 
assets which 
would be 
classified 
as 
intangible 
assets 
under 
GAAP, 
including, 
without 
limitation, 
goodwill, 
patents, 
trademarks, 
trade 
names, 
copyrights, 
franchises 
and 
deferred 
charges 
(including, 
without 
limitation, 
unamortized debt 
discount and 
expense, organization costs 
and deferred 
research and 
development 
expense) 
and 
similar 
assets, 
and 
(b) 
the 
write 
up 
of 
assets 
above 
cost 
(other 
than 
marketable 
securities); provided, 
however, that intangible 
assets shall 
not include 
prepaid expenses 
(including, 
without 
limitation, 
prepaid 
insurance, 
software 
licenses 
and 
support 
agreements, 
consulting 
contracts 
and 
prepaid 
financing 
fees) 
carried 
on 
the 
consolidated 
balance 
sheet, 
in 
each 
case 
determined on a consolidated basis in accordance with GAAP. 
“Taxes”
 
means all 
present or 
future taxes, 
levies, imposts, 
duties, deductions, 
withholdings 
(including backup withholding), 
assessments, fees or 
other charges imposed by 
any Governmental 
Authority, including any interest, additions to tax or penalties applicable thereto. 
“Total 
Capitalization”
 
means, 
at 
any time 
the same 
is 
to 
be determined, 
the 
sum 
of 
(a) 
Total Funded Debt and (b) Net Worth.
“Total 
Credit Exposure” 
means, as to any 
Lender at any time, 
the unused Commitments, 
Revolving Credit Exposure, and Incremental Term Loans (if any) of such Lender at such time. 
“Total Funded Debt”
 
means, at 
any time 
the same 
is to 
be determined, 
the sum 
(but without 
duplication) of (a) all Indebtedness of the Borrower and 
its Subsidiaries at such time described in 
clauses (a) 
through 
(f), 
both 
inclusive, 
of 
the 
definition 
thereof, 
and 
(b) all 
Indebtedness 
of 
any 
other Person which is directly or indirectly Guaranteed by the Borrower or any of its Subsidiaries 
or which 
the Borrower 
or any 
of its 
Subsidiaries has 
agreed (contingently 
or otherwise) 
to purchase 
or otherwise acquire or 
in respect of which 
the Borrower or any 
of its Subsidiaries has 
otherwise 
assured a creditor against loss.
“Total Funded Debt to Capitalization Ratio”
 
means, as of 
the last day 
of any fiscal 
quarter 
of the Borrower, 
the ratio of (a) Total 
Funded Debt of the Borrower and 
its Subsidiaries as of the 
last day of such fiscal quarter 
to (b) Total Capitalization of the Borrower and its Subsidiaries as of 
the last day of such fiscal quarter.
“Unfunded 
Vested 
Liabilities”
means, 
for 
any 
Plan 
at 
any 
time, 
the 
amount 
(if 
any) 
by 
which the present value of all 
vested nonforfeitable accrued benefits under such Plan 
exceeds the 
fair market 
value of 
all Plan 
assets allocable 
to such 
benefits, all 
determined as 
of the 
then most 
recent valuation 
date for 
such Plan, 
but only 
to the 
extent that 
such excess 
represents a 
potential 
liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA. 

-26-
“U.S. Dollars”
 
and 
“$”
 
each means the lawful currency of the United States of America. 
“U.S. 
Person” 
means 
any 
Person 
that 
is 
a 
“United 
States 
Person” 
as 
defined 
in 
Section 7701(a)(30) of the Code. 
“U.S. Tax Compliance Certificate” 
has the 
meaning assigned 
to such 
term in 
subsection (f) 
of Section 4.1. 
“Voting 
Stock”
 
of any Person means capital stock or 
other equity interests of any class or 
classes (however designated) having ordinary power 
to vote as prescribed for such 
class of capital 
stock or equity 
interest for the 
election of directors 
or other similar 
governing body of 
such Person, 
other than stock or other equity interests having 
such power only by reason of the happening 
of a 
contingency. 
“Welfare 
Plan”
 
means a “welfare plan” as defined in Section 3(1) of ERISA. 
“Wholly-owned Subsidiary”
 
means a Subsidiary 
of which all 
of the issued 
and outstanding 
shares of capital stock (other 
than directors’ qualifying shares as 
required by law) or other 
equity 
interests are 
owned by 
the Borrower 
and/or one 
or more 
Wholly-owned Subsidiaries 
within the 
meaning of this definition. 
“Withholding Agent”
 
means any Loan Party and the Administrative Agent. 
“Write-Down 
and 
Conversion 
Powers”
 
means, 
with 
respect 
to 
any 
EEA 
Resolution 
Authority, the write-down and conversion powers of such 
EEA Resolution Authority from 
time to 
time under 
the Bail-In 
Legislation for 
the applicable 
EEA Member 
Country, 
which write-down 
and conversion powers are described in the EU Bail-In Legislation Schedule. 
Section 1.2.
Interpretation.
 
The foregoing 
definitions are 
equally applicable 
to both 
the 
singular and plural 
forms of the 
terms defined. 
Whenever the context 
may require, any 
pronoun 
shall 
include 
the 
corresponding 
masculine, 
feminine 
and 
neuter 
forms. 
The 
words 
“include,” 
“includes” 
and 
“including” 
shall 
be 
deemed 
to 
be 
followed 
by 
the 
phrase 
“without 
limitation.” 

The 
word 
“will” 
shall 
be 
construed 
to 
have 
the 
same 
meaning 
and 
effect 
as 
the 
word 
“shall.” 

Unless 
the 
context 
requires 
otherwise 
(a) any 
definition 
of 
or 
reference 
to 
any 
agreement, 
instrument or other document herein shall 
be construed as referring to such 
agreement, instrument 
or other document as from time to time amended, 
supplemented or otherwise modified (subject to 
any 
restrictions 
on 
such 
amendments, 
supplements 
or 
modifications 
set 
forth 
herein), 
(b) 
any 
reference herein to any Person shall be 
construed to include such Person’s successors and assigns, 
(c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed 
to refer 
to this 
Agreement in 
its entirety 
and not 
to any 
particular provision 
hereof, (d) 
all references 
herein 
to 
Articles, 
Sections, 
Exhibits 
and 
Schedules 
shall 
be 
construed 
to 
refer 
to 
Articles 
and 
Sections 
of, 
and 
Exhibits 
and 
Schedules 
to, 
this 
Agreement, 
(e) 
any 
reference 
to 
any 
law 
or 
regulation 
herein 
shall, 
unless 
otherwise 
specified, 
refer 
to 
such 
law 
or 
regulation 
as 
amended, 
modified 
or supplemented 
from 
time to 
time, 
and (f) 
the words 
“asset” and 
“property” shall 
be 
construed to have the same 
meaning and effect and 
to refer to any and 
all tangible and intangible 
assets and 
properties, including 
cash, securities, 
accounts and 
contract 
rights. 
All references 
to 

-27-
time of day herein are references to 
Chicago, Illinois, time unless otherwise specifically provided. 

Where the character or amount of 
any asset or liability or item 
of income or expense is required 
to 
be determined or any 
consolidation or other accounting 
computation is required to 
be made for 
the 
purposes 
of 
this 
Agreement, 
it 
shall 
be 
done 
in 
accordance 
with 
GAAP, 
except 
where 
there 
is 
variation from GAAP as currently reflected 
under the current financial statements as consistently 
applied 
and 
except 
where 
such 
principles 
are 
inconsistent 
with 
the 
specific 
provisions 
of 
this 
Agreement. 

Section 1.3. 
Change in Accounting Principles
. 
If, after the date of this 
Agreement, there 
shall occur 
any change 
in GAAP 
from those 
used in 
the preparation 
of the 
financial statements 
referred to in Section 6.5 and such change 
shall result in a change in the method 
of calculation of 
any 
financial 
covenant, 
standard 
or 
term 
found 
in 
this 
Agreement, 
either 
the 
Borrower 
or 
the 
Required Lenders 
may by 
notice to 
the Lenders 
and the 
Borrower, 
respectively, 
require that 
the 
Lenders and the Borrower 
negotiate in good faith to 
amend such covenants, standards, and 
terms 
so as equitably 
to reflect 
such change in 
accounting principles, 
with the desired 
result being 
that 
the criteria for evaluating the financial condition of 
the Borrower and its Subsidiaries shall be the 
same as if such change had not been made. 
No delay by the Borrower or the Required Lenders in 
requiring such negotiation 
shall limit their 
right to so 
require such a 
negotiation at any time 
after 
such a change in accounting principles. 
Until any such covenant, standard, or term is amended in 
accordance with this 
Section, financial covenants 
shall be computed 
and determined in 
accordance 
with GAAP 
in effect prior 
to such 
change in 
accounting principles. 
Without limiting 
the generality 
of 
the 
foregoing, 
the 
Borrower 
shall 
neither 
be 
deemed 
to 
be 
in 
compliance 
with 
any 
financial 
covenant hereunder nor 
out of compliance 
with any financial 
covenant hereunder if 
such state of 
compliance 
or 
noncompliance, 
as 
the 
case 
may 
be, 
would 
not 
exist 
but 
for 
the 
occurrence 
of 
a 
change in accounting principles after the date hereof. 
 
Section 1.4. 
Divisions
. 
For all 
purposes under 
the Loan 
Documents, in 
connection with 
any division 
or plan 
of division 
under Delaware 
law (or 
any comparable 
event under 
a different 
jurisdiction’s laws): (a) if 
any asset, right, obligation or liability of any Person becomes the 
asset, 
right, obligation or liability of a different Person, then it shall be deemed to have 
been transferred 
from the original 
Person to the 
subsequent Person, and 
(b) if any 
new Person comes 
into existence, 
such new Person 
shall be deemed 
to have been 
organized on 
the first date 
of its existence 
by the 
holders of its equity interests at such time. 
S
ECTION
 
2. 
T
HE 
R
EVOLVING 
F
ACILITY
Section 2.1. 
Revolving Facility. 

Subject to the terms and conditions hereof, each Lender, 
by its 
acceptance hereof, 
severally agrees 
to make 
a loan 
or loans 
(individually a 
“Revolving Loan”
and collectively for all the Lenders the 
“Revolving Loans”
) in U.S. Dollars to the Borrower from 
time 
to 
time 
on 
a 
revolving 
basis 
up 
to 
the 
amount 
of 
such 
Lender’s 
Revolving 
Credit 
Commitment, subject to any reductions 
thereof pursuant to the terms 
hereof, before the Revolving 
Credit 
Termination 
Date. 
The 
sum 
of 
the 
aggregate 
principal 
amount 
of 
Revolving 
Loans, 
Swingline 
Loans, 
and 
L/C 
Obligations 
at 
any 
time 
outstanding 
shall 
not 
exceed 
the 
Revolving 
Credit Commitments 
in effect 
at such 
time. 
Each Borrowing 
of Revolving 
Loans shall 
be made 
ratably 
by 
the 
Lenders 
in 
proportion 
to 
their 
respective 
Revolver 
Percentages. 
As 
provided 
in 
Section 2.6(a), the 
Borrower may 
elect that 
each Borrowing 
of Revolving 
Loans be 
either Base 

-28-
Rate Loans 
or Eurodollar 
Loans. 
Revolving Loans 
may be 
repaid and 
the principal 
amount thereof 
reborrowed 
before 
the 
Revolving 
Credit 
Termination 
Date, 
subject 
to 
the 
terms 
and 
conditions 
hereof.
Section 2.2
Swingline Loans.
 
(a) 
Generally
. 
Subject to the terms and conditions hereof, 
as part of 
the Revolving Facility, 
the Swingline Lender may, 
in its sole 
discretion, make loans in 
U.S. Dollars 
to 
the 
Borrower 
under 
the 
Swingline 
(individually 
a 
“Swingline 
Loan”
 
and 
collectively 
the 
“Swingline 
Loans”
) 
which 
shall 
not 
in 
the 
aggregate 
at 
any 
time 
outstanding 
exceed 
the 
Swingline 
Sublimit. 
Swingline 
Loans 
may 
be 
availed 
of 
from 
time 
to 
time 
and 
borrowings thereunder may 
be repaid and 
used again during 
the period 
ending on the 
Revolving 
Credit 
Termination 
Date. 
Each Swingline 
Loan shall 
be in 
a minimum 
amount 
of $150,000 
or 
such greater 
amount which 
is an 
integral multiple 
of $100,000. 
Each Swingline 
Loan shall 
bear 
interest until maturity 
(whether by acceleration or 
otherwise) at a 
rate per annum equal 
to (x) the 
rate per annum for Base Rate Loans under the Revolving Facility as from time to time 
in effect or 
(y) the Swingline 
Lender’s Quoted Rate 
(computed on 
the basis 
of a 
year of 
360 days for 
the actual 
number 
of 
days 
elapsed). 
Interest 
on 
each 
Swingline 
Loan 
shall 
be 
due 
and 
payable 
by 
the 
Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise). 
 
(b)
 
Requests 
for 
Swingline 
Loans
. 
The 
Borrower 
shall 
give 
the 
Administrative 
Agent 
prior notice 
(which may 
be written 
or oral) 
no later 
than 12:00 Noon 
(Chicago time) 
on the 
date 
upon which 
the Borrower 
requests that 
any Swingline 
Loan be 
made, of 
the amount 
and date 
of 
such Swingline 
Loan, and, 
if applicable, 
the Interest 
Period requested 
therefor. 
The Administrative 
Agent shall promptly advise 
the Swingline Lender of 
any such notice received 
from the Borrower. 

Thereafter, 
the 
Swingline 
Lender 
shall 
notify 
the 
Administrative 
Agent 
(who 
shall 
thereafter 
promptly notify the Borrower) whether or 
not it has elected to make 
such Swingline Loan. 
If the 
Swingline Lender 
agrees to make 
such Swingline Loan, 
it may in 
its discretion quote 
an interest 
rate to 
the Borrower 
at which 
the Swingline 
Lender would 
be willing 
to make 
such Swingline 
Loan 
available to 
the Borrower 
for the 
Interest Period 
so requested 
(the rate 
so quoted 
for a 
given Interest 
Period 
being 
herein 
referred 
to 
as 
“Swingline 
Lender’s 
Quoted 
Rate”
). 
The 
Borrower 
acknowledges 
and 
agrees 
that 
the 
interest 
rate 
quote 
is 
given 
for 
immediate 
and 
irrevocable 
acceptance. 
If the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate 
for the 
full amount 
requested by 
the Borrower 
for such 
Swingline Loan, 
the Swingline 
Lender’s 
Quoted Rate shall be 
deemed immediately withdrawn. 
If the Swingline Lender’s 
Quoted Rate is 
not accepted 
or otherwise 
does not 
apply, 
such Swingline 
Loan shall 
bear interest 
at the 
rate per 
annum for Base 
Rate Loans under 
the Revolving Facility 
as from time 
to time in 
effect. 
Subject 
to the terms and 
conditions hereof, the proceeds 
of each Swingline Loan 
extended to the Borrower 
shall 
be 
deposited 
or 
otherwise 
wire 
transferred 
to 
the 
Borrower’s 
Designated 
Disbursement 
Account or as the 
Borrower, the 
Administrative Agent, and the 
Swingline Lender may otherwise 
agree. 
Anything contained 
in the 
foregoing to 
the contrary 
notwithstanding, the 
undertaking of 
the Swingline Lender to make Swingline Loans shall be subject to all 
of the terms and conditions 
of 
this 
Agreement 
(provided 
that 
the 
Swingline 
Lender 
shall 
be 
entitled 
to 
assume 
that 
the 
conditions precedent to 
an advance of 
any Swingline 
Loan have been 
satisfied unless notified 
to 
the contrary by the Administrative Agent or the Required Lenders). 

 
(c) 
Refunding Swingline Loans
. 
In its sole 
and absolute discretion, 
the Swingline Lender 
may at 
any time, 
on behalf 
of the 
Borrower (which 
hereby irrevocably 
authorizes the 
Swingline 

-29-
Lender 
to 
act 
on 
its 
behalf 
for 
such 
purpose) 
and 
with 
notice 
to 
the 
Borrower 
and 
the 
Administrative Agent, request each Lender to make a Revolving 
Loan in the form of a Base Rate 
Loan in 
an amount 
equal to 
such Lender’s 
Revolver Percentage 
of the 
amount of 
the Swingline 
Loans outstanding 
on the date 
such notice 
is given 
(which Loans 
shall thereafter 
bear interest 
as 
provided for 
in Section 
2.4(a)). 
Unless an 
Event of 
Default described 
in Section 9.1(j) 
or 9.1(k)
exists with respect to 
the Borrower, regardless of the existence 
of any other Event 
of Default, each 
Lender shall 
make the 
proceeds of 
its requested 
Revolving Loan 
available to 
the Administrative 
Agent 
for 
the 
account 
of 
the 
Swingline 
Lender), 
in 
immediately 
available 
funds, 
at 
the 
Administrative 
Agent’s 
office 
in 
Chicago, 
Illinois 
(or 
such 
other 
location 
designated 
by 
the 
Administrative Agent), before 12:00 Noon (Chicago time) on the Business Day 
following the day 
such 
notice 
is 
given. 
The 
Administrative 
Agent 
shall 
promptly 
remit 
the 
proceeds 
of 
such 
Borrowing to the Swingline Lender to repay the outstanding Swingline Loans. 
 
(d) 
Participation in Swingline Loans. 

If any Lender refuses or otherwise fails to make a 
Revolving 
Loan 
when 
requested 
by 
the 
Swingline 
Lender 
pursuant 
to 
Section 2.2(b) 
above
(because 
an 
Event 
of 
Default 
described 
in 
Section 9.1(j) 
or 
9.1(k)
exists 
with 
respect 
to 
the 
Borrower or 
otherwise), such 
Lender will, 
by the 
time and 
in the 
manner such 
Revolving Loan 
was 
to 
have 
been 
funded 
to 
the 
Swingline 
Lender, 
purchase 
from 
the 
Swingline 
Lender 
an 
undivided 
participating 
interest 
in 
the 
outstanding 
Swingline 
Loans 
in 
an 
amount 
equal 
to 
its 
Revolver Percentage of the 
aggregate principal amount of 
Swingline Loans that were 
to have been 
repaid with 
such Revolving 
Loans. 
From and 
after the 
date of 
any such 
purchase, the 
parties hereto 
hereby acknowledge and agree that 
such Swingline Loans shall thereafter bear 
interest at the rate 
for such 
Swingline Loan 
as determined 
in accordance 
with Section 
2.2(b) hereof. 
Each Lender 
that 
so 
purchases 
a 
participation 
in 
a 
Swingline 
Loan 
shall 
thereafter 
be 
entitled 
to 
receive 
its 
Revolver Percentage of each payment of principal received on the Swingline Loan and of interest 
received 
thereon 
accruing 
from 
the 
date 
such 
Lender 
funded 
to 
the 
Swingline 
Lender 
its 
participation 
in 
such 
Loan. 
The 
several 
obligations 
of 
the 
Lenders 
under 
this 
Section 
shall 
be 
absolute, irrevocable, and unconditional under 
any and all circumstances 
whatsoever and shall not 
be subject to any set-off, counterclaim or defense 
to payment which any Lender may 
have or have 
had against the 
Borrower, any other Lender, or any 
other Person whatsoever. 
Without limiting the 
generality 
of 
the 
foregoing, 
such 
obligations 
shall 
not 
be 
affected 
by 
any 
Default 
or 
by 
any 
reduction or termination of the Commitments 
of any Lender, and each payment made by a 
Lender 
under 
this 
Section 
shall 
be 
made 
without 
any 
offset, 
abatement, 
withholding, 
or 
reduction 
whatsoever.
 
(e) 
Sweep to Loan Arrangement
. 
So long as a 
Sweep to Loan Arrangement 
is in effect, 
and subject 
to the 
terms and 
conditions thereof, 
Swingline Loans 
may be 
advanced and 
prepaid 
hereunder 
notwithstanding 
any 
notice, 
minimum 
amount, 
or 
funding 
and 
payment 
location 
requirements 
hereunder 
for 
any 
advance 
of 
Swingline 
Loans 
or 
for 
any 
prepayment 
of 
any 
Swingline Loans. 
The making of 
any such Swingline 
Loans shall otherwise 
be subject to 
the other 
terms 
and 
conditions 
of 
this 
Agreement. 
The 
Swingline 
Lender 
shall 
have 
the 
right 
in 
its 
sole 
discretion to suspend or terminate the making and/or 
prepayment of Swingline Loans pursuant to 
such Sweep to Loan 
Arrangement with notice to 
the Sweep Depositary and 
the Borrower (which 
may be provided on a same-day basis), whether 
or not any Default exists. 
The Swingline Lender 
shall not be 
liable to the 
Borrower or any 
other Person for 
any losses directly 
or indirectly resulting 
from events beyond 
the Swingline 
Lender’s reasonable 
control, including without 
limitation any 

-30-
interruption of communications or 
data processing services or 
legal restriction or for 
any special, 
indirect, consequential or punitive damages in connection with any Sweep to Loan Arrangement. 
Section 2.3. 
Letters of Credit.
 
(a) 
General Terms.
 
Subject to the terms and conditions hereof, as part of the Revolving 
Facility, 
the 
L/C Issuer 
shall 
issue 
standby 
and 
commercial 
letters 
of 
credit 
(each 
a 
“Letter 
of 
Credit”
) for the account of 
the Borrower
or for the account of 
the Borrower and one or 
more of its 
Subsidiaries
in an aggregate undrawn 
face amount up to 
the L/C Sublimit. 
Each Letter of Credit 
shall be issued 
by the L/C Issuer, 
but each Lender 
shall be obligated 
to reimburse the 
L/C Issuer 
for such 
Lender’s Revolver 
Percentage of 
the amount 
of each 
drawing thereunder 
and, accordingly, 
Letters of Credit 
shall constitute usage 
of the Revolving 
Credit Commitment of 
each Lender pro 
rata in an amount equal to its Revolver Percentage of the L/C Obligations then outstanding. 
 
(b) 
Applications.
 
At 
any 
time 
before 
the 
Revolving 
Credit 
Termination 
Date, 
the 
L/C Issuer shall, 
at the 
request of 
the Borrower, issue 
one or 
more Letters 
of Credit
in U.S. Dollars, 
in a form satisfactory 
to the L/C Issuer, with expiration dates 
no later than the 
earlier of 12 months 
from 
the 
date 
of 
issuance 
(or 
which 
are 
cancelable 
not 
later 
than 
12 months 
from 
the 
date 
of 
issuance and each renewal) or thirty (30) days prior to the 
Revolving Credit Termination 
Date, in 
an aggregate face 
amount as set 
forth above, upon 
the receipt of 
an application duly 
executed by 
the 
Borrower 
and, 
if 
such 
Letter 
of 
Credit 
is 
for 
the 
account 
of 
one 
of 
its 
Subsidiaries, 
such 
Subsidiary
for 
the 
relevant 
Letter 
of 
Credit 
in 
the 
form 
then 
customarily 
prescribed 
by 
the 
L/C Issuer for the 
Letter of Credit 
requested (each an 
“Application”
). 
The Borrower agrees 
that 
if 
on 
the 
Revolving 
Credit 
Termination 
Date 
any 
Letters 
of 
Credit 
remain 
outstanding 
the 
Borrower 
shall 
then 
deliver 
to 
the 
Administrative 
Agent, 
without 
notice 
or 
demand, 
Cash 
Collateral 
in 
an 
amount 
equal 
to 
105% 
of 
the 
aggregate 
amount 
of 
each 
Letter 
of 
Credit 
then 
outstanding (which 
shall be 
held by 
the Administrative 
Agent pursuant 
to the 
terms of 
Section 9.4). 

Notwithstanding anything contained 
in any Application 
to the contrary: 
(i) the Borrower shall 
pay 
fees in 
connection with 
each Letter 
of Credit 
as set 
forth in 
Section 3.1, (ii) except 
as otherwise 
provided herein or in 
Sections 2.8, 2.13 or 2.14, unless 
an Event of Default exists, 
the L/C Issuer 
will not call for the funding by the Borrower 
of any amount under a Letter of Credit before 
being 
presented with 
a drawing 
thereunder, 
and (iii) if 
the L/C Issuer 
is not 
timely reimbursed 
for the 
amount 
of 
any 
drawing 
under 
a 
Letter 
of 
Credit 
on 
the 
date 
such 
drawing 
is 
paid, 
except 
as 
otherwise provided for 
in Section 2.6(c), the 
Borrower’s obligation to 
reimburse the L/C Issuer 
for 
the amount of such drawing shall bear interest (which the 
Borrower hereby promises to pay) from 
and 
after 
the date 
such 
drawing 
is 
paid 
at 
a 
rate 
per 
annum equal 
to 
the sum 
of 
the Applicable 
Margin plus the Base 
Rate from time to time 
in effect (computed on 
the basis of a year 
of 365 or 
366 days, as the case may be, 
and the actual number of 
days elapsed). 
If the L/C Issuer issues any 
Letter of Credit with an expiration date that is automatically extended unless the 
L/C Issuer gives 
notice that the expiration date will not so extend beyond its then scheduled 
expiration date, unless 
the Administrative 
Agent or 
the Required 
Lenders instruct 
the L/C Issuer 
otherwise, the 
L/C Issuer 
will give 
such notice 
of non-renewal 
before the 
time necessary 
to prevent 
such automatic 
extension 
if before such required 
notice date: 
(i) the expiration date of 
such Letter of Credit 
if so extended 
would 
be 
after 
the 
Revolving 
Credit 
Termination 
Date, 
(ii) the 
Revolving 
Credit 
Commitments 
have been terminated, 
or (iii) an Event 
of Default exists 
and either the 
Administrative Agent or 
the 
Required Lenders (with 
notice to the 
Administrative Agent) have 
given the L/C Issuer 
instructions 

-31-
not to 
so permit 
the extension 
of the 
expiration date 
of such 
Letter of 
Credit. 
The L/C Issuer 
agrees 
to issue amendments to the 
Letter(s) of Credit increasing the 
amount, or extending the expiration 
date, thereof 
at the 
request of 
the Borrower 
subject to 
the conditions 
of Section 7 
and the 
other 
terms of this Section. 

 
(c) 
The 
Reimbursement 
Obligations.
 
Subject 
to 
Section 2.3(b), 
the 
obligation 
of 
the 
Borrower to reimburse the 
L/C Issuer for all drawings 
under a Letter of 
Credit (a 
“Reimbursement 
Obligation”
) 
shall 
be 
governed 
by 
the 
Application 
related 
to 
such 
Letter 
of 
Credit, 
except 
that 
reimbursement shall be made (i) by no later than 2:00 p.m. (Chicago time) on the date when 
each 
drawing is to be 
paid if the Borrower 
has been informed of such 
drawing by the L/C Issuer 
on or 
before 10:00 a.m. (Chicago 
time) on the 
date when such 
drawing is to 
be paid 
and the Borrower 
has notified the Administrative Agent by 
1:00 p.m. (Chicago time) on 
such date that the Borrower 
will reimburse the L/C Issuer 
on the date each such drawing 
is to be paid, or (ii) if 
notice of such 
drawing is given to the Borrower 
after 10:00 a.m. (Chicago time) on the 
date when such drawing 
is to 
be paid 
or if 
the Borrower 
fails to 
notify the 
Administrative Agent 
by 1:00 
p.m. (Chicago 
time) on such date that the Borrower will reimburse the L/C Issuer on the date each such drawing 
is to be paid, by no later than 12:00 
Noon (Chicago time) on the following Business Day, 
in each 
case, 
in 
immediately 
available 
funds 
at 
the 
Administrative Agent’s 
principal 
office 
in 
Chicago, 
Illinois, or such other 
office as the Administrative 
Agent may designate in 
writing to the Borrower 
(who shall thereafter cause to 
be distributed to the L/C Issuer 
such amount(s) in like funds). 
If the 
Borrower does not 
make any such 
reimbursement payment on 
the date due 
and the Participating 
Lenders fund their 
participations therein in 
the manner set 
forth in Section 2.3(e) 
below, 
then all 
payments 
thereafter 
received 
by 
the 
Administrative 
Agent 
in 
discharge 
of 
any 
of 
the 
relevant 
Reimbursement Obligations shall be distributed in accordance with Section 2.3(e) below. 

 
(d) 
Obligations Absolute.
 
The Borrower’s obligation to reimburse L/C 
Obligations shall 
be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the 
terms of this Agreement and the relevant 
Application under any and all circumstances 
whatsoever 
and 
irrespective 
of 
(i) any 
lack 
of 
validity 
or 
enforceability 
of 
any 
Letter 
of 
Credit 
or 
this 
Agreement, or 
any term 
or provision 
therein, (ii) any 
draft or 
other document 
presented under 
a 
Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein 
being untrue or inaccurate in any respect, 
(iii) payment by the L/C Issuer under a Letter of 
Credit 
against presentation 
of a 
draft or 
other document 
that does 
not strictly 
comply with 
the terms 
of 
such Letter of 
Credit, or (iv) any 
other event or 
circumstance whatsoever, 
whether or not 
similar 
to 
any 
of 
the 
foregoing, 
that 
might, 
but 
for 
the 
provisions 
of 
this 
Section, 
constitute 
a 
legal 
or 
equitable discharge of, 
or provide a right 
of setoff against, 
the Borrower’s obligations hereunder. 
None 
of 
the 
Administrative 
Agent, 
the 
Lenders, 
or 
the 
L/C Issuer 
shall 
have 
any 
liability 
or 
responsibility by reason of or in connection 
with the issuance or transfer of 
any Letter of Credit or 
any payment or failure to make any payment thereunder (irrespective of any of the circumstances 
referred 
to 
in 
the 
preceding 
sentence), 
or 
any 
error, 
omission, 
interruption, 
loss 
or 
delay 
in 
transmission or 
delivery of 
any draft, 
notice or other 
communication under 
or relating to 
any Letter 
of 
Credit 
(including 
any 
document 
required 
to 
make 
a 
drawing 
thereunder), 
any 
error 
in 
interpretation of technical terms or 
any consequence arising from causes 
beyond the control of the 
L/C Issuer; 
provided
 
that 
the 
foregoing 
shall 
not 
be 
construed 
to 
excuse 
the 
L/C Issuer 
from 
liability to 
the Borrower 
to the 
extent of 
any direct 
damages (as 
opposed to 
consequential damages, 
claims in 
respect of 
which are 
hereby waived 
by the 
Borrower and 
each other 
Loan Party 
to the 

-32-
extent permitted by applicable 
law) suffered by the Borrower 
or any Loan Party 
that are caused by 
the 
L/C Issuer’s 
failure 
to 
exercise 
care 
when 
determining 
whether 
drafts 
and 
other 
documents 
presented 
under a 
Letter of 
Credit comply 
with the 
terms thereof. 
The parties 
hereto expressly 
agree that, in 
the absence of 
gross negligence or 
willful misconduct on 
the part of 
the L/C Issuer 
(as 
determined 
by 
a 
court 
of 
competent 
jurisdiction 
by 
final 
and 
nonappealable 
judgment), 
the 
L/C Issuer shall be 
deemed to have 
exercised care in 
each such determination. 
In furtherance of 
the 
foregoing and 
without 
limiting 
the 
generality 
thereof, 
the 
parties 
agree 
that, 
with respect 
to 
documents presented which appear on their face to be in substantial compliance with the terms of 
a Letter of 
Credit, the 
L/C Issuer may, in its 
reasonable discretion, 
either accept 
and make payment 
upon such documents 
without responsibility for 
further investigation, or 
refuse to accept 
and make 
payment upon 
such documents 
if such 
documents are 
not in 
strict compliance 
with the 
terms of 
such Letter of Credit. 

 
(e) 
The Participating Interests.
 
Each Lender (other than the Lender acting as 
L/C Issuer 
in issuing 
the relevant 
Letter of 
Credit), by 
its acceptance 
hereof, severally 
agrees to 
purchase from 
the 
L/C Issuer, 
and 
the 
L/C Issuer 
hereby 
agrees 
to 
sell 
to 
each 
such 
Lender 
(a 
“Participating 
Lender”
), an undivided percentage 
participating interest (a 
“Participating Interest”)
, to the 
extent 
of its Revolver 
Percentage, in each 
Letter of Credit 
issued by, and each 
Reimbursement Obligation 
owed to, the L/C Issuer. 
Upon any failure by the Borrower 
to pay any Reimbursement Obligation 
at 
the 
time 
required 
on 
the 
date 
the 
related 
drawing 
is 
to 
be 
paid, 
as 
set 
forth 
in 
Section 2.3(c) 
above, or if 
the L/C Issuer is 
required at any 
time to return 
to the Borrower 
or to a 
trustee, receiver, 
liquidator, 
custodian 
or 
other 
Person 
any 
portion 
of 
any 
payment 
of 
any 
Reimbursement 
Obligation, each Participating 
Lender shall, not 
later than the 
Business Day it 
receives a certificate 
in the form of 
Exhibit A hereto from the 
L/C Issuer (with a copy 
to the Administrative Agent) 
to 
such 
effect, 
if 
such 
certificate 
is 
received 
before 
1:00 p.m. 
(Chicago 
time), 
or 
not 
later 
than 
1:00 p.m. 
(Chicago 
time) 
the 
following 
Business 
Day, 
if 
such 
certificate 
is 
received 
after 
such 
time, pay to 
the Administrative 
Agent for the 
account of the 
L/C Issuer an amount 
equal to such 
Participating 
Lender’s 
Revolver 
Percentage 
of 
such 
unpaid 
or 
recaptured 
Reimbursement 
Obligation together with 
interest on such 
amount accrued from 
the date the 
related payment was 
made 
by 
the 
L/C Issuer 
to 
the 
date 
of 
such 
payment 
by 
such 
Participating 
Lender 
at 
a 
rate 
per 
annum equal to: 
(i) from the date the related payment was made by 
the L/C Issuer to the date two 
(2) Business Days after 
payment by such 
Participating Lender is 
due hereunder, 
at the greater 
of 
the 
Federal 
Funds 
Rate 
and 
a 
rate 
determined 
by 
the 
Administrative 
Agent 
in 
accordance 
with 
banking 
industry 
rules 
on interbank 
compensation 
for 
each 
such day 
and 
(ii) from 
the date 
two 
(2) Business Days 
after the 
date such 
payment is 
due from 
such Participating 
Lender to 
the date 
such payment 
is made 
by such 
Participating 
Lender, 
the Base 
Rate in 
effect 
for 
each such 
day. 

Each such 
Participating Lender 
shall thereafter 
be entitled 
to receive 
its Revolver 
Percentage of 
each payment 
received in 
respect of 
the relevant 
Reimbursement Obligation 
and of 
interest paid 
thereon, with the L/C Issuer retaining its 
Revolver Percentage thereof as a 
Lender hereunder. 
The 
several 
obligations 
of 
the 
Participating 
Lenders 
to 
the 
L/C Issuer 
under 
this 
Section 
shall 
be 
absolute, irrevocable, and unconditional under 
any and all circumstances 
whatsoever and shall not 
be subject to any set-off, counterclaim or 
defense to payment which any 
Participating Lender may 
have or 
have had 
against the 
Borrower, the 
L/C Issuer, the 
Administrative Agent, 
any Lender 
or 
any other 
Person whatsoever. 
Without limiting 
the generality 
of the 
foregoing, such 
obligations 
shall not be affected by any 
Default or by any reduction 
or termination of any 
Commitment of any 

-33-
Lender, and each payment by a Participating Lender under this Section shall be 
made without any 
offset, abatement, withholding or reduction whatsoever. 

 
(f) 
Indemnification.
 
The 
Participating 
Lenders 
shall, 
to 
the 
extent 
of 
their 
respective 
Revolver Percentages, 
indemnify the 
L/C Issuer (to 
the extent 
not reimbursed 
by the 
Borrower) 
against any cost, expense (including 
reasonable counsel fees and disbursements), 
claim, demand, 
action, loss 
or liability 
(except such 
as result 
from such 
L/C Issuer’s gross 
negligence or 
willful 
misconduct 
as 
determined 
by 
a 
court 
of 
competent 
jurisdiction 
by 
final 
and 
nonappealable 
judgment) that 
the L/C Issuer 
may suffer 
or incur 
in connection 
with any 
Letter of 
Credit issued 
by it. 
The obligations of the 
Participating Lenders under this subsection 
(f) and all other parts 
of 
this Section shall survive termination of this Agreement and of all Applications, 
Letters of Credit, 
and all drafts and other documents presented in connection with drawings thereunder. 
 
(g) 
Manner of 
Requesting a 
Letter of 
Credit.
 
The Borrower 
shall provide 
at least 
five 
(5) Business 
Days’ 
advance 
written 
notice 
to 
the 
Administrative 
Agent 
of 
each 
request 
for 
the 
issuance of a 
Letter of Credit, 
such notice in 
each case to 
be accompanied by 
an Application for 
such 
Letter 
of 
Credit 
properly 
completed 
and 
executed 
by 
the 
Borrower 
and, 
in 
the 
case 
of 
an 
extension 
or 
amendment 
or 
an 
increase 
in 
the 
amount 
of 
a 
Letter 
of 
Credit, 
a 
written 
request 
therefor, 
in 
a 
form 
acceptable 
to 
the 
Administrative 
Agent 
and 
the 
L/C Issuer, 
in 
each 
case, 
together 
with 
the 
fees 
called 
for 
by 
this 
Agreement. 
The 
Administrative 
Agent 
shall 
promptly 
notify the L/C Issuer of 
the Administrative Agent’s receipt of each 
such notice (and
the L/C Issuer 
shall 
be 
entitled 
to 
assume 
that 
the 
conditions 
precedent 
to 
any 
such 
issuance, 
extension, 
amendment or 
increase have 
been satisfied 
unless notified 
to the 
contrary by 
the Administrative 
Agent or the 
Required Lenders) and 
the L/C Issuer shall 
promptly notify the 
Administrative Agent 
and the Lenders of the issuance of the Letter of Credit so requested. 

 
(h) 
Replacement of 
the L/C Issuer
. 
The L/C Issuer 
may be 
replaced at 
any time 
by written 
agreement 
among 
the 
Borrower, 
the 
Administrative 
Agent, 
the 
replaced 
L/C Issuer, 
and 
the 
successor L/C Issuer. 
The Administrative Agent shall notify 
the Lenders of any such 
replacement 
of the 
L/C Issuer. 
At the 
time any 
such replacement 
shall become 
effective, the 
Borrower shall 
pay all unpaid 
fees accrued for 
the account of 
the replaced L/C 
Issuer. 
From and after 
the effective 
date of any such replacement 
(i) the successor L/C Issuer shall have all 
the rights and obligations 
of the L/C Issuer under 
this Agreement with respect 
to Letters of Credit 
to be issued thereafter 
and 
(ii) references herein to the term “L/C Issuer” shall be deemed to refer to such successor 
or to any 
previous L/C Issuer, or to such 
successor and all previous 
L/C Issuers, as the context 
shall require. 

After 
the 
replacement 
of 
a 
L/C Issuer 
hereunder, 
the 
replaced 
L/C Issuer 
shall 
remain 
a 
party 
hereto and 
shall continue 
to have 
all the 
rights and 
obligations of 
a L/C Issuer 
under this 
Agreement 
with respect to Letters of Credit issued 
by it prior to such replacement, but 
shall not be required to 
issue additional Letters of Credit. 
Section 2.4. 
Applicable Interest Rates.
 

 
(a) 
Base Rate Loans.
 
Each Base Rate 
Loan made or 
maintained by a 
Lender shall bear 
interest (computed on the basis of a year 
of 365 or 366 days, as the case may be 
(360 days, in the 
case of clause (c) 
of the definition 
of Base 
Rate relating to 
the LIBOR 
Quoted Rate), and 
the actual 

-34-
days 
elapsed 
on 
the 
unpaid 
principal 
amount 
thereof 
from 
the 
date 
such 
Loan 
is 
advanced, 
or 
created 
by 
conversion 
from 
a 
Eurodollar 
Loan, 
until 
maturity 
(whether 
by 
acceleration 
or 
otherwise) at a rate per annum equal to 
the sum of the Applicable Margin plus the Base 
Rate from 
time 
to 
time 
in 
effect, 
payable 
by 
the 
Borrower 
on 
each 
Interest 
Payment 
Date 
and 
at 
maturity 
(whether by acceleration or otherwise). 
 
(b) 
Eurodollar Loans.
 
Each Eurodollar Loan made or maintained 
by a Lender shall bear 
interest during each Interest Period it is 
outstanding (computed on the basis of a 
year of 360 days 
and 
actual 
days 
elapsed) 
on 
the 
unpaid 
principal 
amount 
thereof 
from 
the 
date 
such 
Loan 
is 
advanced or continued, or 
created by conversion from 
a Base Rate Loan, 
until maturity (whether 
by acceleration or otherwise) at 
a rate per annum equal 
to the sum of the 
Applicable Margin plus 
the Adjusted LIBOR applicable 
for such Interest Period, payable 
by the Borrower on 
each Interest 
Payment Date and at maturity (whether by acceleration or otherwise). 

 
(c) 
Rate 
Determinations. 
 
The 
Administrative 
Agent 
shall 
determine 
each 
interest 
rate 
applicable 
to 
the 
Loans 
and 
the 
Reimbursement 
Obligations 
hereunder, 
and 
its 
determination 
thereof shall be conclusive and binding except in the case of manifest error. 

Section 2.5. 
Minimum 
Borrowing 
Amounts; 
Maximum 
Eurodollar 
Loans
. 
Each 
Borrowing 
of 
Base 
Rate 
Loans 
advanced 
under 
a 
Facility 
shall 
be 
in 
an 
amount 
not 
less 
than 
$100,000. 
Each Borrowing 
of Eurodollar 
Loans advanced, 
continued or 
converted under 
a Facility 
shall be in an amount equal to $1,000,000 or such greater amount which is an integral multiple of 
$500,000. 
Without 
the 
Administrative 
Agent’s 
consent, 
there 
shall 
not 
be 
more 
than 
ten (10) 
Borrowings of Eurodollar Loans outstanding hereunder at any one time. 

Section 2.6. 
Manner of Borrowing Loans and Designating Applicable Interest Rates.
 

 
(a) 
Notice 
to 
the 
Administrative 
Agent.
 
The 
Borrower 
shall 
give 
notice 
to 
the 
Administrative
Agent by no 
later than 12:00 noon 
(Chicago time): 
(i) at least 
three (3) Business 
Days 
before 
the 
date 
on 
which 
the 
Borrower 
requests 
the 
Lenders 
to 
advance 
a 
Borrowing 
of 
Eurodollar Loans and (ii) 
on the date the 
Borrower requests the Lenders 
to advance a 
Borrowing 
of Base Rate Loans. 
The Loans included in each 
Borrowing shall bear interest initially at 
the type 
of rate 
specified in 
such notice 
of a 
new Borrowing. 
Thereafter, subject to 
the terms 
and conditions 
hereof, the 
Borrower may 
from time 
to time 
elect to 
change or 
continue the 
type of 
interest rate 
borne by 
each Borrowing 
or, 
subject to 
the minimum 
amount requirement 
for each 
outstanding 
Borrowing 
set 
forth 
in 
Section 2.5, 
a 
portion 
thereof, 
as 
follows: 
(i) if 
such 
Borrowing 
is 
of 
Eurodollar 
Loans, 
on 
the 
last 
day 
of 
the 
Interest 
Period 
applicable 
thereto, 
the 
Borrower 
may 
continue part 
or all 
of such 
Borrowing as 
Eurodollar Loans 
or convert 
part or 
all of 
such Borrowing 
into Base 
Rate Loans 
or (ii) if 
such Borrowing 
is of 
Base Rate 
Loans, on 
any Business 
Day, 
the 
Borrower may convert all 
or part of such Borrowing 
into Eurodollar Loans for 
an Interest Period 
or Interest Periods specified by 
the Borrower. 
The Borrower shall give all 
such notices requesting 
the advance, continuation 
or conversion of 
a Borrowing to 
the Administrative
Agent by telephone, 
telecopy, or other telecommunication 
device acceptable to 
the Administrative Agent 
(which notice 
shall be irrevocable 
once given and, 
if by telephone, 
shall be promptly 
confirmed in writing 
in a 
manner 
acceptable 
to 
the 
Administrative 
Agent), 
substantially 
in 
the 
form 
attached 
hereto 
as 
Exhibit B (Notice of Borrowing) 
or Exhibit C (Notice of 
Continuation/Conversion), as applicable, 

-35-
or 
in 
such 
other 
form 
acceptable 
to 
the 
Administrative
Agent. 
Notice 
of 
the 
continuation 
of 
a 
Borrowing of Eurodollar Loans for an additional Interest Period or of the conversion 
of part or all 
of 
a 
Borrowing 
of 
Base 
Rate 
Loans 
into 
Eurodollar 
Loans 
must 
be 
given 
by 
no 
later 
than 
12:00 noon 
(Chicago 
time) 
at 
least 
three 
(3) Business 
Days 
before 
the 
date 
of 
the 
requested 
continuation or conversion. 
All such notices concerning the advance, 
continuation or conversion 
of a 
Borrowing shall 
specify the 
date of 
the requested 
advance, continuation 
or conversion 
of a 
Borrowing 
(which 
shall 
be 
a 
Business 
Day), 
the 
amount 
of 
the 
requested 
Borrowing 
to 
be 
advanced, continued 
or converted, 
the type 
of Loans 
to comprise 
such new, continued or 
converted 
Borrowing 
and, 
if 
such 
Borrowing 
is 
to 
be 
comprised 
of 
Eurodollar 
Loans, 
the 
Interest 
Period 
applicable 
thereto. 
Upon 
notice 
to 
the 
Borrower 
by 
the 
Administrative 
Agent 
or 
the 
Required 
Lenders (or, 
in the 
case of 
an Event 
of Default 
under Section 9.1(j) 
or 9.1(k) 
with respect 
to the 
Borrower, 
without 
notice), 
no 
Borrowing of 
Eurodollar 
Loans 
shall 
be 
advanced, 
continued, 
or 
created 
by 
conversion 
if 
any 
Default 
then 
exists. 
The 
Borrower 
agrees 
that 
the 
Administrative 
Agent may rely on any such telephonic, telecopy or other telecommunication notice given by any 
person the 
Administrative Agent 
in good 
faith believes 
is an 
Authorized Representative 
without 
the necessity of independent investigation, and in 
the event any such notice by telephone 
conflicts 
with any written confirmation such telephonic notice 
shall govern if the Administrative Agent 
has 
acted in reliance thereon. 
 
(b) 
Notice 
to 
the 
Lenders
. 
The 
Administrative 
Agent 
shall 
give 
prompt 
telephonic, 
telecopy 
or 
other 
telecommunication 
notice 
to 
each 
Lender 
of 
any 
notice 
from 
the 
Borrower 
received 
pursuant 
to 
Section 2.6(a) 
above 
and, 
if 
such 
notice 
requests 
the 
Lenders 
to 
make 
Eurodollar Loans, the Administrative Agent shall give notice to the 
Borrower and each Lender by 
like means 
of the 
interest rate applicable 
thereto promptly after 
the Administrative Agent 
has made 
such determination. 
 
(c) 
Borrower’s 
Failure 
to 
Notify. 

If 
the 
Borrower 
fails 
to 
give 
notice 
pursuant 
to 
Section 2.6(a) above 
of the 
continuation or 
conversion of 
any outstanding 
principal amount 
of a 
Borrowing of 
Eurodollar Loans 
before the 
last day 
of its 
then current 
Interest Period 
within the 
period 
required 
by 
Section 2.6(a) 
and 
such 
Borrowing 
is 
not 
prepaid 
in 
accordance 
with 
Section 2.8(a), such 
Borrowing shall 
automatically be 
converted into 
a Borrowing 
of Base 
Rate 
Loans. 
In 
the 
event 
the 
Borrower 
fails 
to 
give 
notice 
pursuant 
to 
Section 2.6(a) 
above 
of 
a 
Borrowing 
equal 
to 
the 
amount 
of 
a 
Reimbursement 
Obligation 
and 
has 
not 
notified 
the 
Administrative Agent by 
12:00 noon (Chicago time) 
on the day 
such Reimbursement Obligation 
becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed 
under this Agreement, the Borrower shall be deemed to have requested a Borrowing of Base Rate 
Loans under 
the Revolving 
Facility (or, at 
the option 
of the 
Swingline Lender, under 
the Swingline) 
on such day in the 
amount of the Reimbursement Obligation 
then due, which Borrowing shall 
be 
applied to pay the Reimbursement Obligation then due. 
 
(d) 
Disbursement of Loans
. 
Not later 
than 2:00 p.m. (Chicago 
time) on 
the date of 
any 
requested advance of a new Borrowing, subject to Section 7, each Lender shall make available its 
Loan comprising part of such Borrowing in funds immediately 
available at the principal office of 
the Administrative 
Agent in 
Chicago, Illinois 
(or at 
such other 
location as 
the Administrative 
Agent 
shall 
designate). 
The 
Administrative 
Agent 
shall 
make 
the 
proceeds 
of 
each 
new 
Borrowing 
available to the Borrower at the Administrative Agent’s principal office in Chicago, Illinois (or at 

-36-
such other location 
as the 
Administrative Agent shall 
designate), by depositing 
or wire 
transferring 
such 
proceeds 
to 
the 
credit 
of 
the 
Borrower’s 
Designated 
Disbursement 
Account 
or 
as 
the 
Borrower and the Administrative Agent may otherwise agree.
 
(e) 
Administrative Agent Reliance on 
Lender Funding.
 
Unless the Administrative Agent 
shall have been notified 
by a Lender prior 
to (or, in 
the case of a 
Borrowing of Base Rate 
Loans, 
by 1:00 p.m. (Chicago time) on) 
the date on which such Lender 
is scheduled to make payment to 
the Administrative Agent of the proceeds of a Loan (which notice shall be effective upon receipt) 
that such 
Lender does 
not intend 
to make 
such payment, 
the Administrative 
Agent may 
assume 
that such Lender has made such payment when due and the Administrative Agent may in reliance 
upon such assumption (but 
shall not be required to) 
make available to the Borrower 
the proceeds 
of the Loan 
to be made 
by such Lender 
and, if any 
Lender has not 
in fact made 
such payment to 
the 
Administrative 
Agent, 
such 
Lender 
shall, 
on 
demand, 
pay 
to 
the 
Administrative 
Agent 
the 
amount made available to the Borrower attributable 
to such Lender together with interest thereon 
in respect of each day 
during the period commencing 
on the date such amount 
was made available 
to 
the 
Borrower 
and 
ending 
on 
(but 
excluding) 
the 
date 
such 
Lender 
pays 
such 
amount 
to 
the 
Administrative Agent at 
a rate per 
annum equal to: 
(i) from the date 
the related advance 
was made 
by the 
Administrative Agent 
to the 
date two 
(2) Business Days 
after payment 
by such 
Lender is 
due hereunder, the greater of 
the Federal Funds Rate and a rate determined by the 
Administrative 
Agent in accordance 
with banking industry 
rules on interbank 
compensation for each 
such day and 
(ii) from the date 
two (2) Business 
Days after 
the date such 
payment is 
due from 
such Lender to 
the date such payment is made by such Lender, the Base Rate in effect for each such day. 
If such 
amount is not received from 
such Lender by the 
Administrative Agent immediately upon 
demand, 
the 
Borrower 
will, 
on 
demand, 
repay 
to 
the 
Administrative 
Agent 
the 
proceeds 
of 
the 
Loan 
attributable 
to 
such 
Lender 
with 
interest 
thereon 
at 
a 
rate 
per 
annum 
equal 
to 
the 
interest 
rate 
applicable 
to 
the 
relevant 
Loan, 
but 
without 
such 
payment 
being 
considered 
a 
payment 
or 
prepayment 
of 
a 
Loan 
under 
Section 4.5 
so 
that 
the 
Borrower 
will 
have no 
liability 
under 
such 
Section with respect 
to such payment. 
Any payment by 
the Borrower shall 
be without prejudice 
to any claim the Borrower may have 
against a Lender that shall have failed 
to make such payment 
to the Administrative Agent. 
 
Section 2.7. 
Maturity of Loans
. 

 
(a) 
Revolving Loans.
 
Each Revolving Loan, both for principal and interest not sooner 
paid, shall mature and 
be due and payable 
by the Borrower on 
the Revolving Credit Termination 
Date. 

 
(b) 
Swingline Loans
. 
Each Swingline Loan, both for principal 
and interest not sooner 
paid, shall mature and 
be due and payable 
by the Borrower on 
the Revolving Credit Termination 
Date. 

Section 2.8. 
Prepayment. 
(a)
 
Optional
. 
The Borrower may 
prepay in whole 
or in 
part (but, 
if in 
part, then: 
(i) if 
such Borrowing is 
of Base Rate 
Loans, in an 
amount not less 
than $100,000, (ii) if 
such Borrowing 
is of Eurodollar 
Loans, in an 
amount not less 
than $500,000, and 
(iii) in each case, 
in an amount 

-37-
such 
that 
the 
minimum 
amount 
required 
for 
a 
Borrowing 
pursuant 
to 
Sections 2.2(b) 
and 
2.5 
remains outstanding) 
upon not less 
than three 
(3) Business Days prior 
notice by 
the Borrower to 
the Administrative Agent in the 
case of any prepayment of 
a Borrowing of Eurodollar Loans and 
notice delivered by 
the Borrower to 
the Administrative Agent 
no later than 12:00 
noon (Chicago 
time) on the 
date of prepayment 
in the case 
of a Borrowing 
of Base Rate 
Loans (or, 
in any case, 
such shorter 
period of 
time then 
agreed to 
by the 
Administrative Agent), 
such prepayment 
to be 
made by 
the payment 
of the 
principal amount 
to be 
prepaid and, 
in the 
case of 
any Incremental 
Term 
Loans, any Eurodollar Loans or Swingline Loans, accrued interest thereon 
to the date fixed 
for prepayment plus any amounts due the Lenders under Section 4.5. 

 
(b) 
Mandatory
. 
(i) The Borrower shall, 
on each date 
the Revolving Credit 
Commitments 
are 
reduced 
pursuant 
to 
Section 2.11, 
prepay 
the 
Swingline 
Loans, 
Revolving 
Loans, 
and, 
if 
necessary, prefund 
the L/C Obligations by the amount, 
if any, 
necessary to reduce the sum 
of the 
aggregate 
principal 
amount 
of 
Swingline 
Loans, 
Revolving 
Loans, 
and 
L/C Obligations 
then 
outstanding to the amount to which the Revolving Credit Commitments have been so reduced. 

 
(ii) 
If the 
Borrower or 
any Subsidiary 
shall at 
any time 
or from 
time to 
time make 
or agree 
to make a Disposition 
(other than a Disposition 
permitted pursuant to Section 
8.10 hereof) or shall 
suffer an Event of Loss with 
respect to any Property, 
then the Borrower shall promptly notify the 
Administrative Agent of such proposed Disposition or Event 
of Loss (including the amount of the 
estimated Net Cash 
Proceeds to be 
received by the 
Borrower or such 
Subsidiary in respect 
thereof) 
and, promptly upon receipt by the Borrower or such Subsidiary 
of the Net Cash Proceeds of such 
Disposition or 
Event of 
Loss, the 
Borrower shall prepay 
the Obligations 
in an aggregate 
amount 
equal to 
100% of 
the amount 
of all 
such Net 
Cash Proceeds; 
provided
 
that (x) so 
long as 
no Default 
then 
exists, 
this 
subsection 
shall 
not 
require 
any 
such 
prepayment 
with 
respect 
to 
Net 
Cash 
Proceeds received on account of an 
Event of Loss so long as 
such Net Cash Proceeds are applied 
to replace or 
restore the relevant 
Property in accordance 
with the relevant 
Collateral Documents, 
(y) this 
subsection 
shall 
not 
require 
any 
such 
prepayment 
with 
respect 
to 
Net 
Cash 
Proceeds 
received 
on 
account 
of 
Dispositions 
during 
any 
fiscal 
year 
of 
the 
Borrower 
not 
exceeding 
$10,000,000 
in 
the 
aggregate 
so 
long 
as 
no 
Default 
then 
exists, 
and 
(z) in 
the 
case 
of 
any 
Disposition not 
covered by 
clause (y) 
above, so 
long as 
no Default 
then exists, 
if 
the Borrower 
states in its 
notice of such 
event that the 
Borrower or the 
relevant Subsidiary intends 
to reinvest, 
within 180 days of 
the applicable Disposition, 
the Net Cash 
Proceeds thereof 
in assets 
similar to 
the assets which were 
subject to such Disposition, 
then the Borrower shall 
not be required to 
make 
a mandatory prepayment under this subsection in respect of such Net Cash Proceeds to the 
extent 
such Net 
Cash Proceeds 
are actually 
reinvested in 
such similar 
assets with 
such 180-day 
period. 

Promptly after the 
end of such 
180-day period, the 
Borrower shall notify 
the Administrative Agent 
whether the Borrower 
or such Subsidiary 
has reinvested such 
Net Cash Proceeds 
in such similar 
assets, and, to the extent such Net Cash Proceeds 
have not been so reinvested, the Borrower shall 
promptly prepay the Obligations in the amount of such Net Cash Proceeds not so reinvested. 
The 
amount of each 
such prepayment shall 
be applied, subject 
to Section 2.8(b)(v) 
below, 
first to the 
outstanding Incremental Term Loans, if any, 
on a ratable basis based on the outstanding principal 
amounts 
thereof, 
and 
then 
to 
the 
Revolving 
Facility, 
but 
without 
a 
reduction 
of 
the 
Revolving 
Credit Commitments. 
If the 
Administrative Agent 
or the 
Required Lenders 
so request, 
all proceeds 
of such 
Disposition or 
Event of 
Loss shall 
be deposited 
with the 
Administrative Agent 
(or its 
agent) 
and held by 
it in the 
Collateral Account. 
So long as 
no Default exists, 
the Administrative Agent 

-38-
is authorized to disburse amounts representing such proceeds from the Collateral Account to or at 
the Borrower’s direction for application to or reimbursement for the costs of replacing, rebuilding 
or restoring such Property. 
 
(iii) 
If 
after 
the 
Closing 
Date 
the 
Borrower 
or 
any 
Subsidiary 
shall 
issue 
new 
equity 
securities 
(whether 
common 
or 
preferred 
stock 
or 
otherwise), 
other 
than 
Excluded 
Equity 
Issuances, the Borrower shall 
promptly notify the Administrative 
Agent of the estimated 
Net Cash 
Proceeds of such issuance to be received by 
or for the account of the Borrower or such 
Subsidiary 
in 
respect 
thereof. 
Promptly 
upon 
receipt 
by 
the 
Borrower 
or 
such 
Subsidiary 
of 
Net 
Cash 
Proceeds of 
such issuance, 
the Borrower 
shall prepay 
the Obligations 
in an 
aggregate amount 
equal 
to 100% of the amount of 
such Net Cash Proceeds. 
The amount of each such prepayment shall 
be 
applied, 
subject 
to 
Section 2.8(b)(v) 
below, 
first 
to 
the 
outstanding 
Incremental 
Term 
Loans, 
if 
any, 
on 
a 
ratable 
basis 
based 
on 
the 
outstanding 
principal 
amounts 
thereof, 
and 
then 
to 
the 
Revolving Facility, but without a reduction of 
the Revolving Credit Commitments. 
The Borrower 
acknowledges that its 
performance hereunder shall 
not limit the 
rights and remedies 
of the Lenders 
for any 
breach of 
Section 8.11 (Maintenance of 
Subsidiaries) or 
Section 9.1(i) (Change 
of Control) 
or any other terms of the Loan Documents. 

 
(iv) 
If after the 
Closing Date 
the Borrower 
or any Subsidiary 
shall issue 
any Indebtedness, 
other 
than 
Indebtedness 
permitted 
by 
Section 8.7, 
the 
Borrower 
shall 
promptly 
notify 
the 
Administrative Agent 
of the 
estimated Net 
Cash Proceeds 
of such 
issuance to 
be received 
by or 
for the account 
of the Borrower 
or such Subsidiary 
in respect thereof. 
Promptly upon receipt 
by 
the Borrower or 
such Subsidiary of 
Net Cash Proceeds 
of such issuance, 
the Borrower shall 
prepay 
the Obligations in an aggregate amount equal 
to 100% of the amount of such 
Net Cash Proceeds. 

The amount of each such prepayment shall 
be applied, subject to Section 2.8(b)(v) below, 
first to 
the 
outstanding 
Incremental 
Term 
Loans, 
if 
any, 
on 
a 
ratable 
basis 
based 
on 
the 
outstanding 
principal 
amounts 
thereof, 
and 
then 
to 
the 
Revolving 
Facility, 
but 
without 
a 
reduction 
of 
the 
Revolving 
Credit 
Commitments. 
The 
Borrower 
acknowledges 
that 
its 
performance 
hereunder 
shall not 
limit the 
rights and 
remedies of 
the Lenders 
for any 
breach of 
Section 8.7 or 
any other 
terms of the Loan Documents. 
 
(v) 
Unless 
the 
Borrower 
otherwise 
directs, 
prepayments 
of 
Loans 
under 
this 
Section 2.8(b) shall be 
applied first 
to Borrowings 
of Base Rate 
Loans until payment 
in full 
thereof 
with any 
balance applied 
to Borrowings 
of Eurodollar 
Loans in 
the order 
in which 
their Interest 
Periods expire. 
Each prepayment of 
Loans under this 
Section 2.8(b) shall 
be made by 
the payment 
of the principal amount to be prepaid and, in the case of any Incremental Term 
Loans, Eurodollar 
Loans or 
Swingline Loans, 
accrued interest 
thereon to 
the date 
of prepayment 
together with 
any 
amounts due the Lenders under 
Section 4.5. 
Each prefunding of L/C Obligations shall 
be made in 
accordance with Section 9.4. 

 
(c) 
Any 
amount 
of 
Swingline 
Loans 
and 
Revolving 
Loans 
paid 
or 
prepaid 
before 
the 
Revolving Credit 
Termination 
Date may, 
subject to 
the terms 
and conditions 
of this 
Agreement, 
be borrowed, repaid and borrowed again. 
No amount of the Incremental Term Loans, if any, paid 
or prepaid may be reborrowed, 
and, in the case of any 
partial prepayment, such prepayment shall 
be applied to the remaining payments on all Incremental 
Term Loans in inverse order of maturity. 

-39-
Section 2.9. 
Default 
Rate. 

Notwithstanding 
anything 
to 
the 
contrary 
contained 
herein, 
while any 
Event of 
Default exists 
or after 
acceleration, the 
Borrower shall 
pay interest 
(after as 
well as before entry 
of judgment thereon to 
the extent permitted by 
law) on the principal 
amount 
of all Loans and 
Reimbursement Obligations, letter of 
credit fees and other 
amounts at a rate 
per 
annum equal to: 
 
(a) 
for 
any Base 
Rate Loan 
or any 
Swingline Loan 
bearing interest 
based on 
the Base Rate, the 
sum of 2.0% 
plus 
the Applicable Margin 
plus 
the Base Rate from time 
to time in effect; 

 
(b) 
for 
any 
Eurodollar 
Loan 
or 
any 
Swingline 
Loan 
bearing 
interest 
at 
the 
Administrative 
Agent’s 
Quoted 
Rate, 
the 
sum 
of 
2.0% 
plus 
the 
rate 
of 
interest 
in 
effect 
thereon at the time of such Event of 
Default until the end of the Interest 
Period applicable 
thereto and, 
thereafter, 
at a 
rate per 
annum equal 
to the 
sum of 
2.0% 
plus 
the Applicable 
Margin for Base Rate Loans 
plus 
the Base Rate from time to time in effect; 
 
(c) 
for any Reimbursement Obligation, 
the sum of 2.0% 
plus 
the amounts due 
under Section 2.3 with respect to such Reimbursement Obligation; 

 
(d) 
for any Letter of 
Credit, the sum of 
2.0% 
plus 
the L/C Participation Fee 
due 
under Section 3.1(b) with respect to such Letter of Credit; and 
 
(e) 
for any 
other amount 
owing hereunder 
not covered 
by clauses 
(a) through 
(d) above, the sum of 2% 
plus
 
the Applicable Margin 
plus
 
the Base Rate from time to 
time 
in effect; 
provided, 
however, 
that 
in 
the 
absence 
of 
acceleration 
pursuant 
to 
Section 9.2 
or 
9.3, 
any 
adjustments 
pursuant 
to 
this 
Section shall 
be made 
at 
the 
election 
of the 
Administrative 
Agent, 
acting 
at 
the 
request 
or 
with 
the 
consent 
of 
the 
Required 
Lenders, 
with 
written 
notice 
to 
the 
Borrower 
(which 
election 
may 
be 
retroactively 
effective 
to 
the 
date 
of 
such 
Event 
of 
Default). 

While any 
Event of 
Default exists 
or after 
acceleration, interest 
shall be 
paid on 
demand of 
the 
Administrative Agent at the request or with the consent of the Required Lenders. 

Section 2.10. 
Evidence of 
Indebtedness.
 
(a) Each Lender 
shall maintain 
in accordance 
with 
its 
usual 
practice 
an 
account 
or 
accounts 
evidencing 
the 
indebtedness 
of 
the 
Borrower 
to 
such 
Lender resulting from each 
Loan made by such 
Lender from time to 
time, including the amounts 
of principal and interest payable and paid to such Lender from time to time hereunder. 
 
(b) 
The Administrative Agent shall also maintain accounts in which it will record (i) the 
amount of each 
Loan made hereunder, the 
type thereof and 
the Interest Period 
with respect thereto, 
(ii) the amount of any 
principal or interest due 
and payable or to 
become due and payable 
from the 
Borrower to 
each Lender 
hereunder and 
(iii) the amount 
of any 
sum received 
by the 
Administrative 
Agent hereunder from the Borrower and each Lender’s share thereof. 
 
(c) 
The entries maintained in 
the accounts maintained 
pursuant to subsections (a) and 
(b) 
above 
shall 
be 
prima 
facie
 
evidence 
of 
the 
existence 
and 
amounts 
of 
the 
Obligations 
therein 

-40-
recorded; 
provided, 
however, 
that 
the 
failure 
of 
the 
Administrative 
Agent 
or 
any 
Lender 
to 
maintain such 
accounts or 
any error 
therein shall 
not in 
any manner 
affect 
the obligation 
of the 
Borrower to repay the Obligations in accordance with their terms. 
 
(d) 
Any Lender may request 
that its Loans be 
evidenced by a promissory 
note or notes in 
the forms of 
Exhibit D-1 (in 
the case of 
its Revolving Loans 
and referred to 
herein as a 
“Revolving 
Note”
), or D-2 
(in the case 
of its Swingline 
Loans and referred 
to herein as 
a 
“Swing Note”
), as 
applicable (the Revolving 
Notes and Swing 
Note being hereinafter 
referred to collectively 
as the 
“Notes”
 
and individually 
as a 
“Note”
). 
In such 
event, the 
Borrower shall 
prepare, execute 
and 
deliver to such Lender a 
Note payable to such Lender 
or its registered assigns in 
the amount of the 
relevant Commitment, or 
Swingline Sublimit, as 
applicable. 
Thereafter, the 
Loans evidenced by 
such Note or Notes and interest thereon 
shall at all times (including after any 
assignment pursuant 
to 
Section 13.2) 
be 
represented 
by 
one 
or 
more 
Notes 
payable to 
the 
order 
of 
the 
payee 
named 
therein 
or 
any 
assignee 
pursuant 
to 
Section 13.2, 
except 
to 
the 
extent 
that 
any 
such 
Lender 
or 
assignee subsequently 
returns any 
such Note 
for cancellation 
and requests 
that such 
Loans once 
again be evidenced as described in subsections (a) and (b) above. 
Section 2.11. 
Commitment Terminations 
. 
 
(a) 
Optional Revolving 
Credit 
Terminations. 

The Borrower 
shall have 
the right 
at any 
time and from time to 
time, upon five (5) Business Days 
prior written notice to the 
Administrative 
Agent 
(or 
such 
shorter 
period 
of 
time 
agreed 
to 
by 
the 
Administrative 
Agent), 
to 
terminate 
the 
Revolving Credit 
Commitments without 
premium or 
penalty and 
in whole 
or in 
part, any 
partial 
termination 
to 
be 
(i) in 
an 
amount 
not 
less 
than 
$5,000,000 
or 
any 
whole 
multiple 
thereof 
and 
(ii) allocated ratably 
among the 
Lenders in 
proportion to 
their respective 
Revolver 
Percentages, 
provided that the Revolving 
Credit Commitments may not 
be reduced to an 
amount less than the 
sum of 
the aggregate 
principal amount 
of Swingline 
Loans, Revolving Loans, 
and L/C Obligations 
then outstanding. 
Any termination of the 
Revolving Credit Commitments below 
the L/C Sublimit 
or the Swingline Sublimit then in effect shall 
reduce the L/C Sublimit and Swingline Sublimit, as 
applicable, by a like 
amount. 
The Administrative Agent shall 
give prompt notice to each 
Lender 
of any such termination of the Revolving Credit Commitments. 
 
(b) 
Any termination of the Revolving Credit Commitments pursuant to this Section may 
not be reinstated. 
Section 2.12. 
Replacement 
of 
Lenders
. 
If 
any 
Lender 
requests 
compensation 
under 
Section 4.4, or if the Borrower is required to pay any Indemnified Taxes 
or additional amounts to 
any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.1 
and, in each case, 
such Lender has declined 
or is unable to 
designate a different 
lending office in 
accordance with Section 4.7, 
or if any 
Lender is a 
Defaulting Lender or 
a Non-Consenting Lender, 
then 
the 
Borrower 
may, 
at 
its 
sole 
expense 
and 
effort, 
upon 
notice 
to 
such 
Lender 
and 
the 
Administrative Agent, 
require such 
Lender to 
assign and 
delegate, without 
recourse (in 
accordance 
with and subject to the restrictions contained in, and consents required by, Section 13.2), all of its 
interests, rights (other 
than its existing 
rights to payments 
pursuant to Section 4.1 
or Section 4.4) 
and obligations 
under this Agreement 
and the 
related Loan 
Documents to an 
Eligible Assignee that 

-41-
shall assume 
such obligations 
(which assignee 
may be 
another Lender, 
if a 
Lender accepts 
such 
assignment); 
provided 
that: 
 
(i) 
the Borrower 
shall have 
paid to 
the Administrative 
Agent the 
assignment 
fee (if any) specified in Section 13.2;
 
(ii) 
such 
Lender 
shall 
have 
received 
payment 
of 
an 
amount 
equal 
to 
the 
outstanding principal 
of its 
Loans and 
funded participations 
in L/C 
Obligations, accrued 
interest thereon, accrued fees 
and all other amounts 
payable to it hereunder 
and under the 
other Loan Documents (including any amounts under Section
4.5 as if the Loans owing to 
it were prepaid 
rather than assigned) 
from the assignee 
(to the extent 
of such outstanding 
principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 
 
(iii) 
in the case of any such assignment 
resulting from a claim for compensation 
under 
Section 4.4 
or 
payments 
required 
to 
be 
made 
pursuant 
to 
Section 4.1, 
such 
assignment will result in a reduction in such compensation or payments thereafter; 
 
(iv) 
such assignment does not conflict with applicable law; and 
 
(v) 
in 
the 
case 
of 
any 
assignment 
resulting 
from 
a 
Lender 
becoming 
a 
Non-Consenting 
Lender, 
the 
applicable 
assignee 
shall 
have 
consented 
to 
the 
applicable 
amendment, waiver or consent. 
A Lender shall not be 
required to make any such 
assignment or delegation if, prior 
thereto, 
as a 
result of 
a waiver 
by such 
Lender or 
otherwise, the 
circumstances entitling 
the Borrower 
to 
require such assignment and delegation cease to apply. 
Section 2.13. 
Defaulting Lenders. 
 
(a) 
Defaulting Lender Adjustments.
 
Notwithstanding anything to the contrary contained 
in 
this 
Agreement, 
if 
any 
Lender 
becomes 
a 
Defaulting 
Lender, 
then, 
until 
such 
time 
as 
such 
Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 
(i) 
Waivers 
and Amendments
. 
Such Defaulting 
Lender’s 
right to 
approve 
or 
disapprove 
any 
amendment, 
waiver 
or 
consent 
with 
respect 
to 
this 
Agreement 
shall 
be 
restricted as set forth in the definition of Required Lenders. 

 
(ii) 
Defaulting 
Lender 
Waterfall
. 
Any 
payment 
of 
principal, 
interest, 
fees 
or 
other 
amounts 
received 
by 
the 
Administrative 
Agent 
for 
the account 
of 
such 
Defaulting 
Lender (whether voluntary or 
mandatory, 
at maturity, 
pursuant to Section 9 or 
otherwise) 
or received 
by the 
Administrative Agent 
from a 
Defaulting Lender 
pursuant to 
Section 13.7 
hereto shall be 
applied at such 
time or times 
as may be 
determined by the 
Administrative 
Agent as follows: 
first
, to the 
payment of any 
amounts owing by 
such Defaulting Lender 
to the Administrative 
Agent hereunder; 
second
, to the 
payment on a 
pro rata basis 
of any 
amounts 
owing 
by 
such 
Defaulting 
Lender 
to 
any 
L/C 
Issuer 
or 
the 
Swingline 
Lender 
hereunder; 
third
, to Cash Collateralize the L/C Issuer’s 
Fronting Exposure with respect to 

-42-
such 
Defaulting 
Lender 
in 
accordance 
with 
Section 2.14; 
fourth
, 
as 
the 
Borrower 
may 
request (so long as no Default exists), to the funding of any Loan in respect of which such 
Defaulting Lender has 
failed to fund its 
portion thereof as required 
by this Agreement, as 
determined 
by 
the 
Administrative 
Agent; 
fifth
, 
if 
so 
determined 
by 
the 
Administrative 
Agent and the 
Borrower, to 
be held in 
a deposit account 
and released pro 
rata in 
order to 
(x) satisfy 
such 
Defaulting 
Lender’s 
potential 
future 
funding 
obligations 
with 
respect 
to 
Loans 
under this 
Agreement 
and 
(y) Cash 
Collateralize 
the L/C 
Issuer’s 
future 
Fronting 
Exposure with 
respect to 
such Defaulting 
Lender with 
respect to 
future Letters 
of Credit 
issued under this Agreement, 
in accordance with Section 2.14; 
sixth
, to the 
payment of any 
amounts owing 
to the 
Lenders, the 
L/C Issuer 
or the 
Swingline Lender 
as a 
result of 
any 
judgment of 
a court 
of competent 
jurisdiction obtained 
by any 
Lender, 
the L/C 
Issuer or 
the 
Swingline 
Lender 
against 
such 
Defaulting 
Lender 
as 
a 
result 
of 
such 
Defaulting 
Lender’s 
breach 
of 
its 
obligations 
under 
this 
Agreement; 
seventh
, 
so 
long as 
no 
Default 
exists, to the 
payment of any 
amounts owing to 
the Borrower as 
a result of 
any judgment 
of 
a 
court 
of 
competent 
jurisdiction 
obtained 
by 
the 
Borrower 
against 
such 
Defaulting 
Lender 
as 
a 
result 
of 
such 
Defaulting 
Lender’s 
breach 
of 
its 
obligations 
under 
this 
Agreement; and 
eighth
, to 
such Defaulting 
Lender or 
as otherwise 
directed by 
a court 
of 
competent 
jurisdiction; 
provided
 
that 
if 
(x) 
such 
payment 
is 
a 
payment 
of 
the 
principal 
amount of any 
Loans or L/C 
Obligations in 
respect of 
which such Defaulting 
Lender has 
not fully funded its appropriate share, and (y) such Loans were made or the 
related Letters 
of Credit were issued 
at a time when 
the conditions set forth 
in Section 7.1 were satisfied 
or waived, such payment shall be 
applied solely to pay the Loans of, 
and L/C Obligations 
owed 
to, 
all 
Non-Defaulting 
Lenders 
on 
a 
pro 
rata 
basis 
prior 
to 
being 
applied 
to 
the 
payment of any 
Loans of, or 
L/C Obligations owed to, 
such Defaulting Lender 
until such 
time as 
all Loans 
and funded 
and unfunded 
participations in 
L/C Obligations 
and Swingline 
Loans are held by 
the Lenders pro rata 
in accordance with their 
Percentages of the relevant 
Commitments 
without 
giving 
effect 
to 
Section 2.13(a)(iv) 
below. 
Any 
payments, 
prepayments or other amounts 
paid or payable to a 
Defaulting Lender that are applied 
(or 
held) to pay 
amounts owed by 
a Defaulting Lender or 
to post Cash 
Collateral pursuant to 
this Section 2.13(a)(ii) shall be deemed paid to 
and redirected by such Defaulting Lender, 
and each Lender irrevocably consents hereto. 
 
(iii) 
Certain Fees
. 

 
(A) 
No Defaulting 
Lender shall 
be entitled 
to receive 
any commitment 
fee 
for 
any 
period 
during 
which 
that 
Lender 
is 
a 
Defaulting 
Lender 
(and 
the 
Borrower shall not be required to pay any 
such fee that otherwise would have been 
required to have been paid to that Defaulting Lender). 

 
(B) 
Each Defaulting 
Lender shall 
be entitled 
to receive 
L/C Participation 
Fees for 
any period 
during which 
that Lender 
is a 
Defaulting Lender 
only to 
the 
extent allocable to 
its Percentage of 
the stated 
amount of 
Letters of 
Credit for 
which 
it has provided Cash Collateral pursuant to Section 2.14. 
 
(C) 
With respect to any L/C Participation Fee not required to be paid to 
any Defaulting Lender pursuant to 
clause (B) above, the Borrower shall (x) pay 
to 

-43-
each Non-Defaulting Lender that 
portion of any 
such fee otherwise payable 
to such 
Defaulting 
Lender 
with 
respect 
to 
such 
Defaulting 
Lender’s 
participation 
in 
L/C Obligations 
or 
Swingline 
Loans 
that 
has 
been 
reallocated 
to 
such 
Non-Defaulting Lender 
pursuant to 
clause (iv) below, 
(y) pay 
to each 
L/C Issuer 
and Swingline Lender, as applicable, 
the amount of any 
such fee otherwise payable 
to such Defaulting Lender to the extent 
allocable to such L/C Issuer’s or Swingline 
Lender’s Fronting 
Exposure to such 
Defaulting Lender, 
and (z) not 
be required to 
pay the remaining amount of any such fee.
 
(iv) 
Reallocation 
of 
Participations 
to 
Reduce 
Fronting 
Exposure
. 
All 
or 
any 
part 
of 
such 
Defaulting 
Lender’s 
participation 
in 
L/C 
Obligations 
and 
Swingline 
Loans 
shall be reallocated 
among the Non-Defaulting 
Lenders in accordance 
with their respective 
Percentages 
of 
the 
relevant 
Commitments 
(calculated 
without 
regard 
to 
such 
Defaulting 
Lender’s 
Commitments) 
but 
only 
to 
the 
extent 
that 
(x) 
the 
conditions 
set 
forth 
in 
Section 7.1 
are 
satisfied at 
the 
time of 
such 
reallocation 
(and, unless 
the Borrower 
shall 
have 
otherwise 
notified 
the 
Administrative 
Agent 
at 
such 
time, 
the 
Borrower 
shall 
be 
deemed to have represented and warranted that such conditions are satisfied at such time), 
and (y) 
such reallocation 
does not 
cause 
the aggregate 
Revolving Loans 
and interests 
in 
L/C 
Obligations 
and 
Swingline 
Loans 
of 
any 
Non-Defaulting 
Lender 
to 
exceed 
such 
Non-Defaulting 
Lender’s 
Revolving 
Credit 
Commitment. 
Subject 
to 
Section 13.21, 
no 
reallocation 
hereunder 
shall 
constitute 
a 
waiver 
or 
release 
of 
any 
claim 
of 
any 
party 
hereunder 
against 
a 
Defaulting 
Lender 
arising 
from 
that 
Lender 
having 
become 
a 
Defaulting 
Lender, 
including 
any 
claim 
of 
a 
Non-Defaulting 
Lender 
as 
a 
result 
of 
such 
Non-Defaulting Lender’s increased exposure following such reallocation. 
 
(v) 
Cash 
Collateral; 
Repayment 
of 
Swingline 
Loans
. 
If 
the 
reallocation 
described in clause 
(iv) above cannot, 
or can only 
partially, be effected, the Borrower 
shall, 
without prejudice 
to any 
right or 
remedy available 
to them 
hereunder or 
under law, (x) first, 
prepay Swingline Loans in an amount equal to the 
Swing Lender’s Fronting Exposure and 
(y) second, Cash Collateralize 
the L/C Issuer’s 
Fronting Exposure in accordance 
with the 
procedures set forth in Section 2.14. 
 
(b) 
Defaulting Lender 
Cure
. 
If the 
Borrower, 
the Administrative 
Agent, the 
Swingline 
Lender and 
each L/C 
Issuer agree 
in writing 
that a 
Lender is 
no longer 
a Defaulting 
Lender, 
the 
Administrative Agent will 
so notify the 
parties hereto, whereupon 
as of the 
effective date specified 
in such 
notice and 
subject to 
any conditions 
set forth 
therein (which 
may include 
arrangements 
with respect to any Cash 
Collateral), that Lender will, 
to the extent applicable, purchase 
at par that 
portion of outstanding Loans of the other 
Lenders or take such other actions as the 
Administrative 
Agent may determine to be necessary to 
cause the Loans and funded and unfunded 
participations 
in Letters 
of Credit 
and Swingline 
Loans to 
be held 
pro rata 
by the 
Lenders in 
accordance with 
their 
respective 
Percentages 
of 
the 
relevant 
Commitments 
(without 
giving 
effect 
to 
Section 2.13(a)(iv)), whereupon such 
Lender will cease 
to be a 
Defaulting Lender; 
provided
 
that 
no adjustments will be made retroactively 
with respect to fees accrued or 
payments made by or on 
behalf 
of 
the 
Borrower 
while 
that 
Lender 
was 
a 
Defaulting 
Lender; 
and 
provided
, 
further
, 
that 
except to the extent otherwise expressly agreed by the affected parties, no change hereunder from 

-44-
Defaulting Lender 
to Lender 
will constitute 
a waiver 
or release 
of any 
claim of 
any party 
hereunder 
arising from that Lender’s having been a Defaulting Lender. 
 
(c) 
New 
Swingline 
Loans/Letters 
of 
Credit
. 
So 
long 
as 
any 
Lender 
is 
a 
Defaulting 
Lender, 
(i) the Swingline 
Lender shall 
not be 
required to 
fund any 
Swingline 
Loans unless 
it is 
satisfied 
that 
it 
will 
have 
no 
Fronting 
Exposure 
after 
giving 
effect 
to 
such 
Swingline 
Loan 
and 
(ii) no L/C Issuer shall be required 
to issue, extend, renew or increase 
any Letter of Credit unless 
it is satisfied that it will have no Fronting Exposure after giving effect thereto.
Section 2.14. 
Cash Collateral for 
Fronting Exposure. 

At any time 
that there shall 
exist a 
Defaulting 
Lender, 
within 
one (1) 
Business 
Day 
following 
the 
written 
request 
of 
the 
Administrative Agent or 
any L/C Issuer 
(with a copy 
to the Administrative 
Agent) the Borrower 
shall Cash 
Collateralize the 
L/C Issuers’ 
Fronting Exposure 
with respect 
to such 
Defaulting Lender 
(determined after 
giving effect 
to Section 
2.13(a)(iv) and 
any Cash 
Collateral provided 
by such 
Defaulting Lender) in an amount not less than the Minimum Collateral Amount.
 
(a) 
Grant 
of 
Security 
Interest
. 
The 
Borrower, 
and 
to 
the 
extent 
provided 
by 
any 
Defaulting 
Lender, 
such 
Defaulting 
Lender, 
hereby 
grants 
to 
the 
Administrative 
Agent, 
for 
the 
benefit of the L/C 
Issuers, and agree to 
maintain, a first priority 
security interest in all 
such Cash 
Collateral as security 
for such Defaulting 
Lender’s obligation 
to fund participations 
in respect of 
L/C 
Obligations, 
to 
be 
applied 
pursuant 
to 
clause (b) 
below. 
If 
at 
any 
time 
the 
Administrative 
Agent determines that Cash Collateral is subject to any 
right or claim of any Person other than the 
Administrative Agent and 
the L/C Issuers 
as herein provided, 
or that the 
total amount of 
such Cash 
Collateral is 
less than 
the Minimum 
Collateral Amount, 
the Borrower 
shall, promptly 
upon demand 
by 
the 
Administrative 
Agent, 
pay 
or 
provide 
to 
the 
Administrative 
Agent 
additional 
Cash 
Collateral 
in 
an 
amount 
sufficient 
to 
eliminate 
such 
deficiency 
(after 
giving 
effect 
to 
any 
Cash 
Collateral provided by the Defaulting Lender). 
 
(b) 
Application
. 
Notwithstanding anything to the contrary contained in 
this Agreement, 
Cash 
Collateral 
provided 
under 
this 
Section 2.14 
or 
Section 2.13 
in 
respect 
of 
Letters 
of 
Credit 
shall be applied 
to the satisfaction 
of the Defaulting Lender’s 
obligation to fund 
participations in 
respect of L/C Obligations (including, as to Cash Collateral provided by a 
Defaulting Lender, any 
interest accrued 
on such 
obligation) for 
which the 
Cash Collateral 
was so 
provided, prior 
to any 
other application of such property as may otherwise be provided for herein. 
 
(c) 
Termination 
of 
Requirement
. 
Cash 
Collateral 
(or 
the 
appropriate 
portion 
thereof) 
provided to 
reduce any 
L/C Issuer’s 
Fronting Exposure 
shall no longer 
be required 
to be held 
as 
Cash 
Collateral 
pursuant 
to 
this 
Section 2.14(c) 
following 
(A) the 
elimination 
of 
the 
applicable 
Fronting 
Exposure 
(including 
by 
the 
termination 
of 
Defaulting 
Lender 
status 
of 
the 
applicable 
Lender), or 
(B) the determination 
by the 
Administrative Agent 
and each 
L/C Issuer 
that there 
exists 
excess 
Cash 
Collateral; 
provided
 
that, 
subject 
to 
Section 2.14, 
the 
Person 
providing 
Cash 
Collateral 
and 
each 
L/C 
Issuer 
may 
agree 
that 
Cash 
Collateral 
shall 
be 
held 
to 
support 
future 
anticipated 
Fronting 
Exposure 
or 
other 
obligations; 
and 
provided 
further 
that 
to 
the 
extent 
that 
such Cash Collateral was provided by 
the Borrower or any other Loan Party, such Cash Collateral 
shall remain subject to the security interest granted pursuant to the Loan Documents. 

-45-
Section 2.15. 
Increase 
in 
Revolving 
Credit 
Commitments; 
Making 
of 
Incremental 
Term 
Loans. 

The Borrower may, on any Business Day prior to the Revolving Credit Termination Date, 
with the 
written consent 
of the 
Administrative Agent, 
the L/C 
Issuer, 
and the 
Swingline Lender, 
increase the aggregate amount of 
the Revolving Credit Commitments and/or borrow 
one or more 
term loans 
(collectively, 
the “
Incremental 
Term 
Loans
”), in 
each case, 
by delivering 
an Increase 
Request substantially in the form attached hereto as Exhibit I (or in such other form acceptable to 
the Administrative Agent) to the Administrative Agent at least five (5) Business Days prior to the 
desired effective 
date of 
such increase 
(the 
“Increase”
) identifying 
an additional 
Lender, 
which 
qualifies as an Eligible Assignee (or additional Revolving Credit 
Commitments or a commitment 
to make Incremental Term 
Loans for an existing 
Lender) and the amount 
of its Revolving Credit 
Commitment 
or 
Incremental 
Term 
Loan 
(or, 
for 
an 
existing 
Lender, 
the 
amount 
of 
additional 
Revolving 
Credit 
Commitments 
or 
the 
amount 
of 
a 
commitment 
to 
make 
Incremental 
Term 
Loans); 
provided, however
, that:
 
(a) 
the aggregate 
amount of 
all such 
Increases shall 
not exceed 
$200,000,000 
and 
any 
such 
Increase 
shall 
be 
in 
an 
amount 
not 
less 
than 
$10,000,000 
(or 
such 
lesser 
amount then agreed to by the Administrative Agent); 
 
(b) 
no Default shall have occurred and be continuing 
at the time of the request 
or the effective date of 
the Increase and after 
giving pro forma effect to 
the use of proceeds 
thereof; and 
 
(c) 
each of the 
representations and warranties 
set forth in 
Section 6 and 
in the 
other Loan Documents shall be 
and remain true and correct 
in all material respects on 
the 
effective date of such Increase (where not 
already qualified by materiality, otherwise in all 
respects), except 
to the 
extent the 
same expressly 
relate to 
an earlier 
date, in 
which case 
they 
shall 
be 
true 
and 
correct 
in 
all 
material 
respects 
(where 
not 
already 
qualified 
by 
materiality, otherwise in all respects)
as of such earlier date. 
The effective 
date (the 
“Increase Date”
) of the 
Increase shall be 
agreed upon by 
the Borrowers, 
the 
Administrative 
Agent 
and 
the 
Lender(s) 
providing 
such 
Increase. 
Upon 
the 
Increase 
Date, 
Schedule 2.1/2.2 shall be deemed amended to 
reflect the Increase. 
With respect to an Increase in 
the Revolving Credit Commitments as described above, on 
the Increase Date, the new Revolving 
Lender(s) (or, 
if applicable, existing 
Lender(s)) shall advance 
Revolving Loans, as 
applicable, in 
an amount sufficient such 
that after giving effect 
to such advance(s) or 
loan(s) and the prepayment 
of Revolving Loans by any 
Lender(s) whose commitment is not 
increased, each Lender shall have 
outstanding 
its 
Revolver 
Percentage 
of 
Revolving 
Loans. 
It 
shall 
be 
a 
condition 
to 
such 
effectiveness that 
(A) if any 
Eurodollar Loans 
are outstanding 
on the 
date of 
such effectiveness, 
such Eurodollar Loans shall be deemed 
to be prepaid on such date 
and the Borrower shall pay any 
amounts 
owing 
to 
the 
Lenders 
pursuant 
to 
Section 4.5 
and 
(B) the 
Borrower 
shall 
not 
have 
terminated 
any 
portion 
of 
the 
Revolving 
Credit 
Commitments 
pursuant 
to 
Section 2.11. 
The 
Borrower agrees to pay 
the expenses of the 
Administrative Agent (including reasonable 
attorney’s 
fees) relating 
to any 
Increase. 
Notwithstanding anything 
herein to 
the contrary, 
no Lender 
shall 
have 
any 
obligation 
to 
increase 
its 
Revolving 
Credit 
Commitment 
or 
to 
make 
any 
Incremental 
Term Loan and no Lender’s Revolving Credit Commitment shall be increased without its consent 

-46-
thereto, and each Lender may at 
its option, unconditionally and without cause, 
decline to provide 
any Increase. 
Each Revolving 
Credit Increase 
shall be 
on the 
same terms 
(including pricing 
and maturity, 
but 
excluding 
customary 
arrangement, 
commitment, 
structuring 
and 
underwriting 
fees, 
and 
amendment fees 
not generally 
shared with 
other Lenders 
with respect 
to such 
Revolving Credit 
Increase) 
as 
the 
Revolving 
Credit 
Commitments 
outstanding 
prior 
to 
the 
Increase 
Date. 
Each 
Incremental Term Loan shall be on terms and conditions specified 
in an Incremental Amendment. 
Commitments 
in 
respect 
of 
Incremental 
Term 
Loans 
and 
increases 
in 
the 
Revolving 
Credit 
Commitment 
shall 
become commitments 
(or 
in the 
case 
of an 
increase in 
the Revolving 
Credit 
Commitment 
to 
be 
provided 
by 
an 
existing 
Lender, 
an 
increase 
in 
such 
Lender’s 
applicable 
Revolving Credit 
Commitment) under 
this Agreement 
pursuant to 
an amendment 
(an 
“Incremental 
Amendment”
) to this Agreement and, 
as appropriate, the other Loan 
Documents, executed by the 
Borrowers, each existing 
Lender agreeing to 
provide such Increase, 
if any, each additional Lender, 
if any, 
and the Administrative 
Agent. 
The Incremental Amendment 
may, 
without the consent 
of 
any other Lenders, 
effect such 
amendments to this 
Agreement and the 
other Loan Documents 
as 
may be 
necessary or 
appropriate, in 
the reasonable 
opinion of 
the Administrative 
Agent and 
the 
Borrowers, to effect the provisions of this Section 2.15. 
 
Section 2.16. 
Extension 
Option. 

(a) The 
Borrower 
may, 
by 
written 
notice 
to 
the 
Administrative 
Agent 
from 
time 
to 
time, 
request 
an 
extension 
(each, 
an 
“
Extension
”) 
of 
the 
Revolving 
Credit 
Termination 
Date 
and/or, 
if 
applicable, 
any 
maturity 
date 
applicable 
to 
any 
Incremental Term Loan to the extended maturity date specified in such request. 
Such notice shall 
set forth (i) the amount of the 
Revolving Credit Commitments and/or Incremental Term 
Loans to 
be 
extended 
(which 
shall 
be 
in 
minimum 
increments 
of 
$5,000,000 
and 
a 
minimum 
of 
$10,000,000) and 
(ii) the 
date on 
which such 
Extension is 
requested to 
become effective 
(which 
date shall not be less 
than ten (10) Business Days 
nor more than sixty (60) 
days after after the date 
of such requested 
Extension (or such 
longer or shorter 
periods as the 
Administrative Agent shall 
agree). 
Each Lender shall be offered (an 
“
Extension Offer
”) an opportunity to participate in such 
Extension on a pro rata basis and on the same terms and conditions as each other Lender pursuant 
to procedures established by, or reasonably acceptable to, the Administrative Agent. 
Any Lender 
approached 
to 
participate 
in 
such 
Extension 
may 
elect 
or 
decline, 
in 
its 
sole 
discretion, 
to 
participate 
in 
such 
Extension 
(it 
being 
understood 
that 
if 
a 
Lender 
shall 
fail 
to 
respond 
to 
any 
request for participation in an Extension within five (5) Business Days of receipt of the Extension 
Offer, 
such 
Lender 
shall 
be 
deemed 
to 
have 
declined 
to 
participate 
in 
such 
Extension). 
If 
the 
aggregate 
principal 
amount 
of 
Revolving 
Credit 
Commitments 
or 
Incremental 
Term 
Loans, 
(calculated 
on 
the 
face 
amount 
thereof), 
as 
applicable, 
in 
respect 
of 
which 
Lenders 
shall 
have 
accepted the relevant 
Extension Offer 
shall exceed 
the maximum aggregate 
principal amount of 
the 
Revolving 
Credit 
Commitment 
or 
Incremental 
Term 
Loan, 
as 
applicable, 
requested 
to 
be 
extended 
by 
the 
Borrower 
pursuant 
to 
the 
Extension 
Offer, 
then 
the 
Revolving 
Credit 
Commitments or Incremental Term 
Loans, as applicable of the Lenders 
shall be extended ratably 
up to such maximum amount 
based on the respective principal 
amounts (but not to exceed 
actual 
holdings of record) with respect to which such Lenders have accepted such Extension Offer. 

-47-
 
(b) 
It 
shall be 
a condition 
precedent to 
the effectiveness 
of any 
Extension 
that: 
(i) 
no 
Default shall have occurred and 
be continuing immediately prior to 
and immediately after giving 
effect 
to such 
Extension, (ii) 
the representations 
and warranties 
of the 
Borrower and 
each other 
Loan Party 
contained in 
Section 6 
or any 
other Loan 
Document, 
or which 
are contained 
in any 
document furnished 
at any 
time under 
or in 
connection herewith 
or therewith, 
shall be 
true and 
correct in all material 
respects (and in all 
respects if any such 
representation or warranty is 
already 
qualified 
by 
materiality 
or 
reference 
to 
Material 
Adverse 
Effect) 
on 
and 
as 
of 
the 
date 
of 
such 
Extension, 
except 
to 
the 
extent 
that 
such 
representations 
and 
warranties 
specifically 
refer 
to 
an 
earlier date, 
in which case, 
they shall 
be true and 
correct in all 
material respects (and 
in all respects 
if any such representation 
or warranty is already 
qualified by materiality or 
reference to Material 
Adverse Effect) 
as of 
such earlier 
date, (iii) 
the L/C 
Issuer and 
the Swingline 
Lender shall 
have 
consented to any Extension of the Revolving Credit Commitments if such Extension provides 
for 
the issuance of 
Letters of Credit 
or the making 
of Swingline Loans 
at any time 
during the extended 
period, and (iv) the terms of such Extension shall comply with Section 2.16(c). 
 
(c) 
The terms of each Extension shall be determined by the Borrower 
and the applicable 
extending Lenders and be set forth in an 
Additional Credit Extension Amendment, provided, that 
(i) the 
final maturity 
date of 
any Extended 
Revolving Credit 
Commitment or 
Extended Incremental 
Term 
Loan shall 
be no 
earlier than 
the Revolving 
Credit Termination 
Date or 
the maturity 
date 
applicable to 
the existing 
Incremental Term Loans, 
(ii)(A) there shall 
be no 
scheduled amortization 
of 
the 
Extended 
Revolving 
Credit 
Commitments 
and 
(B) 
the 
scheduled 
amortization 
of 
the 
Extended 
Incremental 
Term 
Loans 
shall 
be 
as 
agreed 
among 
the 
Borrower 
and 
the 
Lenders 
providing such Extended Incremental 
Term Loans, (iii)(A) the Extended Revolving Loans 
and the 
Extended 
Incremental Term 
Loans will 
rank pari 
passu in 
right of 
payment with 
the Revolving 
Loans and the Incremental 
Term 
Loans being extended, and 
(B) the borrower and 
the guarantors 
of 
the 
Extended 
Revolving 
Credit 
Commitments 
or 
the 
Extended 
Incremental 
Term 
Loans, 
as 
applicable, 
shall 
be 
the 
Borrower 
and 
the 
Guarantors, 
(iv) the 
interest 
rate 
margins 
and 
fees 
applicable to any 
Extended Revolving Credit 
Commitments (and the 
Extended Revolving Loans 
thereunder) 
and 
Extended 
Incremental 
Loans 
shall 
be 
determined 
by 
the 
Borrower 
and 
the 
applicable extending 
Lenders, and 
(v) to 
the extent 
the terms 
of the 
Extended Revolving 
Credit 
Commitments or 
Extended Incremental 
Term Loans are 
inconsistent with 
the terms 
set forth 
herein 
(except as set 
forth in clauses 
(i) through (iv) 
above), such terms 
shall be reasonably 
satisfactory 
to the Administrative Agent. 
 
(d) 
In connection with any Extension, the Borrower, the Administrative 
Agent and each 
applicable extending Lender shall 
execute and deliver to 
the Administrative Agent an 
Additional 
Credit 
Extension 
Amendment 
and 
such 
other 
documentation 
as 
the 
Administrative 
Agent 
shall 
reasonably 
specify 
to 
evidence 
the Extension. 
The Administrative 
Agent shall 
promptly 
notify 
each 
Lender 
as 
to 
the 
effectiveness 
of 
each 
Extension. 
Notwithstanding 
anything 
herein 
to 
the 
contrary, 
any 
Additional 
Credit 
Extension 
Amendment 
may, 
without 
the 
consent 
of 
any 
other 
Lender, 
effect 
such 
amendment 
to 
this 
Agreement 
and 
the 
other 
Loan 
Documents 
as 
may 
be 
necessary or appropriate (but only to 
such extent), in the reasonable opinion of 
the Administrative 
Agent 
and 
the 
Borrower, 
to 
implement 
the 
terms 
of 
any 
such 
Extension 
Offer, 
including 
any 
amendments 
necessary 
to 
establish 
Extended 
Revolving 
Credit 
Commitments 
or 
Extended 
Incremental Term Loans as a 
new tranche of 
Revolving Credit Commitments 
or Incremental Term 
Loan, as applicable, 
and such other 
technical amendments as 
may be necessary 
or appropriate in 

-48-
the 
reasonable 
opinion 
of 
the 
Administrative 
Agent 
and 
the 
Borrower 
in 
connection 
with 
the 
establishment of 
such new 
tranche (including 
to preserve 
the pro 
rata treatment 
of the 
extended 
and 
non-extended 
tranches 
and 
to 
provide 
for 
the 
reallocation 
of 
any 
L/C 
Obligations 
or 
obligations under Swingline Loans 
upon the expiration or 
termination of the commitments 
under 
any tranche), in each case on terms consistent with this Section 2.16. 
 
(e) 
This Section 2.16 shall supersede any provisions of Section 13.3 to the contrary. 
S
ECTION
 
3. 
F
EES
. 
Section 3.1. 
Fees. 
 
(a) 
Revolving 
Credit 
Commitment 
Fee
. 
The 
Borrower 
shall 
pay to 
the 
Administrative 
Agent 
for 
the 
ratable 
account 
of 
the 
Lenders 
in 
accordance 
with 
their 
Revolver 
Percentages 
a 
commitment fee at the rate per annum 
equal to the Applicable Margin (computed on 
the basis of a 
year 
of 
360 days 
and 
the 
actual 
number 
of 
days 
elapsed) 
times 
the 
daily 
amount 
by 
which 
the 
aggregate Revolving Credit Commitments exceeds 
the principal amount of Revolving 
Loans and 
L/C Obligations then outstanding. 
For the avoidance of doubt, the principal amount of Swingline 
Loans shall not be 
counted towards or considered 
usage of the Revolving 
Credit Commitments for 
purposes of 
this Section. 
Such commitment 
fee shall 
be payable 
quarterly in 
arrears on 
the last 
day of each 
March, June, September, 
and December 
in each year 
(commencing on the 
first such 
date occurring after 
the Closing Date) 
and on the 
Revolving Credit Termination 
Date, unless the 
Revolving 
Credit 
Commitments 
are 
terminated 
in 
whole 
on 
an 
earlier 
date, 
in 
which 
event 
the 
commitment fee for 
the period to 
the date of 
such termination in 
whole shall be 
paid on the 
date 
of such termination. 
 
(b) 
Letter of Credit Fees.
 
On the date 
of issuance or 
extension, or increase 
in the amount, 
of any Letter 
of Credit pursuant 
to Section 1.3, the 
Borrower shall pay 
to the L/C Issuer 
for its own 
account a fronting fee 
equal to 0.125% of 
the face amount of 
(or of the increase 
in the face amount 
of) such 
Letter of 
Credit. 
Quarterly in 
arrears, on 
the last 
day of 
each March, 
June, September, 
and December, commencing on the first such date occurring after the Closing Date, the Borrower 
shall pay 
to the 
Administrative Agent, 
for the 
ratable benefit 
of the 
Lenders in 
accordance with 
their Revolver Percentages, a 
letter of credit fee (the 
“L/C Participation Fee”
) at a rate 
per annum 
equal to 
the Applicable 
Margin (computed on 
the basis 
of a 
year of 
360 days and 
the actual 
number 
of days elapsed) in 
effect during each day of 
such quarter applied to 
the daily average face 
amount 
of Letters 
of Credit 
outstanding during 
such quarter. 
In addition, 
the Borrower 
shall pay 
to the 
L/C Issuer 
for 
its 
own 
account 
the 
L/C Issuer’s 
standard 
issuance, 
drawing, 
negotiation, 
amendment, assignment, and other 
administrative fees for each Letter 
of Credit as established by 
the L/C Issuer from time to time. 

 
(c) 
Administrative Agent Fees
. 
The Borrower shall pay to the Administrative Agent, for 
its own use and benefit, the fees agreed to between the Administrative Agent and the Borrower in 
a letter dated as of the date hereof, or as otherwise agreed to in writing between them. 

-49-
S
ECTION
 
4. 
T
AXES
;
C
HANGE IN 
C
IRCUMSTANCES
,
I
NCREASED 
C
OSTS
,
 
AND 
F
UNDING 
I
NDEMNITY
 
Section 4.1. 
Taxes 
. 
 
(a) 
Certain Defined Terms. 

For purposes of 
this Section, the 
term “Lender” includes 
any 
L/C Issuer and the term “applicable law” includes FATCA. 
 
(b) 
Payments Free 
of Taxes. 

Any and 
all payments 
by or 
on account 
of any 
obligation 
of any Loan Party under any Loan Document shall be made without deduction or withholding for 
any Taxes, except as required by applicable law. 
If any applicable law (as determined in 
the good 
faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any 
Tax from any such payment by a 
Withholding Agent, then the 
applicable Withholding Agent shall 
be entitled to make 
such deduction or withholding 
and shall timely pay 
the full amount deducted 
or withheld to 
the relevant Governmental Authority 
in accordance with applicable 
law and, if 
such 
Tax 
is an Indemnified Tax, 
then the sum payable by 
the applicable Loan Party 
shall be increased 
as necessary so 
that after such 
deduction or withholding 
has been made 
(including such 
deductions 
and 
withholdings 
applicable 
to 
additional 
sums 
payable 
under 
this 
Section) 
the 
applicable 
Recipient receives 
an amount 
equal to 
the sum 
it would 
have received 
had no 
such deduction 
or 
withholding been made. 
 
(c) 
Payment of 
Other Taxes 
by the 
Loan Parties. 

The Loan 
Parties shall 
timely pay 
to 
the 
relevant 
Governmental 
Authority in 
accordance 
with 
applicable 
law, 
or 
at 
the 
option 
of 
the 
Administrative Agent timely reimburse it for the payment of, any Other Taxes. 
 
(d) 
Indemnification 
by 
the 
Loan 
Parties. 

The 
Loan 
Parties 
shall 
jointly 
and 
severally 
indemnify each Recipient, 
within thirty (30) days 
after demand therefor, for 
the full amount 
of any 
Indemnified Taxes (including 
Indemnified Taxes imposed 
or asserted 
on or 
attributable to 
amounts 
payable 
under 
this 
Section) 
payable 
or 
paid 
by 
such 
Recipient 
or 
required 
to 
be 
withheld 
or 
deducted from a 
payment to such 
Recipient and any 
reasonable expenses arising 
therefrom or with 
respect 
thereto, 
whether 
or 
not 
such 
Indemnified 
Taxes 
were 
correctly 
or 
legally 
imposed 
or 
asserted by the relevant Governmental Authority. 
A certificate as to the amount of such payment 
or liability delivered to 
the Borrower by a 
Lender (with a copy 
to the Administrative Agent), 
or by 
the Administrative 
Agent on 
its own 
behalf or 
on behalf 
of a 
Lender, 
shall be 
conclusive absent 
manifest error. 
 
(e) 
Indemnification 
by 
the 
Lenders. 

Each 
Lender 
shall 
severally 
indemnify 
the 
Administrative Agent, 
within ten (10) 
days after 
demand therefor, 
for (i) any 
Indemnified Taxes 
or 
Other 
Taxes 
attributable 
to 
such 
Lender 
(but 
only 
to 
the 
extent 
that 
any 
Loan 
Party 
has 
not 
already 
indemnified 
the 
Administrative 
Agent 
for 
such 
Indemnified 
Taxes 
or 
Other 
Taxes 
and 
without 
limiting the 
obligation 
of the 
Loan Parties 
to do 
so), (ii) 
any Taxes 
attributable to 
such 
Lender’s failure to comply with the provisions of Section 13.2(d) relating to the maintenance of a 
Participant Register and 
(iii) any Excluded 
Taxes attributable to such Lender, in 
each case, that 
are 
payable 
or 
paid 
by 
the 
Administrative 
Agent 
in 
connection 
with 
any 
Loan 
Document, 
and 
any 
reasonable 
expenses 
arising 
therefrom 
or 
with 
respect 
thereto, 
whether 
or 
not 
such 
Taxes 
were 
correctly or legally imposed or asserted by the relevant Governmental Authority. 
A certificate as 

-50-
to the 
amount of 
such payment 
or liability 
delivered to 
any Lender 
by the 
Administrative Agent 
shall 
be 
conclusive 
absent 
manifest 
error. 
Each 
Lender 
hereby 
authorizes 
the 
Administrative 
Agent to set off and apply any and all 
amounts at any time owing to such Lender under any Loan 
Document or otherwise payable by the Administrative Agent to the Lender from any other source 
against any amount due to the Administrative Agent under this subsection (e). 
 
(f) 
Evidence 
of 
Payments. 
As 
soon 
as 
practicable 
after 
any 
payment 
of 
Taxes 
by 
any 
Loan Party to a Governmental Authority pursuant to this Section, such Loan Party shall deliver 
to 
the Administrative Agent the 
original or a certified 
copy of a receipt 
issued by such Governmental 
Authority evidencing such 
payment, a copy 
of the return 
reporting such payment 
or other evidence 
of such payment reasonably satisfactory to the Administrative Agent. 
 
(g) 
Status of Lenders. 

(i) Any Lender that is entitled to 
an exemption from or reduction 
of withholding Tax 
with respect to payments made under any Loan Document shall deliver to the 
Borrower and 
the Administrative 
Agent, at 
the time 
or times 
reasonably requested 
by the 
Borrower 
or 
the 
Administrative 
Agent, 
such 
properly 
completed 
and 
executed 
documentation 
reasonably 
requested by the Borrower 
or the Administrative Agent as 
will permit such payments 
to be made 
without withholding 
or at 
a reduced 
rate of 
withholding. 
In addition, 
any Lender, 
if reasonably 
requested by 
the Borrower 
or the 
Administrative Agent, 
shall deliver 
such other 
documentation 
prescribed by applicable 
law or reasonably 
requested by the 
Borrower or 
the Administrative Agent 
as will enable the Borrower or the Administrative Agent to determine whether or not such Lender 
is subject 
to backup 
withholding or 
information reporting 
requirements. 
Notwithstanding anything 
to the contrary in the preceding two 
sentences, the completion, execution and submission 
of such 
documentation (other 
than such 
documentation set 
forth in 
Section 4.1(g)(ii)(A), (ii)(B) 
and (ii)(D) 
below) shall not be required if 
in the Lender’s reasonable judgment such 
completion, execution or 
submission 
would 
subject 
such 
Lender 
to 
any 
material 
unreimbursed 
cost 
or 
expense 
or 
would 
materially prejudice the legal or commercial position of such Lender. 
 
(ii) 
Without limiting the generality of the foregoing, 

 
(A) 
any 
Lender 
that 
is 
a 
U.S. 
Person 
shall 
deliver 
to 
the 
Borrower 
and 
the 
Administrative Agent 
on or 
prior to 
the date 
on which 
such Lender 
becomes a 
Lender under 
this 
Agreement 
(and 
from 
time 
to 
time 
thereafter 
upon 
the 
reasonable 
request 
of 
the 
Borrower 
or 
the 
Administrative 
Agent), 
executed 
originals 
of 
IRS 
Form 
W-9 
certifying 
that such Lender is exempt from U.S. federal backup withholding tax; 
 
(B) 
any Foreign Lender shall, to the extent it is legally entitled to 
do so, deliver 
to 
the 
Borrower 
and 
the 
Administrative 
Agent 
(in 
such 
number 
of 
copies 
as 
shall 
be 
requested by the recipient) on or 
prior to the date on which such 
Foreign Lender becomes 
a 
Lender 
under 
this 
Agreement 
(and 
from 
time 
to 
time 
thereafter 
upon 
the 
reasonable 
request 
of 
the 
Borrower 
or 
the 
Administrative 
Agent), 
whichever 
of 
the 
following 
is 
applicable: 
 
(i) 
in the case 
of a Foreign 
Lender claiming the 
benefits of an 
income 
tax 
treaty 
to 
which 
the 
United 
States 
is 
a 
party 
(x) with 
respect 
to 
payments 
of 
interest 
under 
any 
Loan 
Document, 
executed 
originals 
of 
IRS 
Form 
W-8BEN 

-51-
establishing 
an 
exemption 
from, 
or 
reduction 
of, 
U.S. 
federal 
withholding 
Tax 
pursuant to the “interest” article of such 
tax treaty and (y) with respect to any 
other 
applicable payments under 
any Loan Document, 
IRS Form W-8BEN 
establishing 
an exemption 
from, or 
reduction of, 
U.S. federal 
withholding Tax 
pursuant to 
the 
“business profits” or “other income” article of such tax treaty; 
 
(ii) 
executed originals of IRS Form W-8ECI; 
 
(iii) 
in 
the 
case 
of 
a 
Foreign 
Lender 
claiming 
the 
benefits 
of 
the 
exemption for portfolio interest 
under Section 881(c) of 
the Code, (x) a certificate 
substantially in 
the form 
of Exhibit 
H-1 to 
the effect 
that such 
Foreign Lender 
is 
not a “bank” 
within the meaning 
of Section 881(c)(3)(A) 
of the Code, 
a “10 percent 
shareholder” 
of 
the 
Borrower 
within 
the 
meaning 
of 
Section 
881(c)(3)(B) 
of 
the 
Code, 
or 
a 
“controlled 
foreign 
corporation” 
described 
in 
Section 881(c)(3)(C) 
of 
the Code (a 
“U.S. Tax 
Compliance Certificate”
) and (y) executed originals of IRS 
Form W-8BEN; or 
 
(iv) 
to the extent a Foreign Lender is not the beneficial owner, executed 
originals 
of 
IRS 
Form 
W-8IMY, 
accompanied 
by 
IRS 
Form 
W-8ECI, 
IRS 
Form W-8BEN, 
a 
U.S. 
Tax 
Compliance 
Certificate 
substantially 
in 
the 
form 
of 
Exhibit H-2 or 
Exhibit H-3, 
IRS Form 
W-9, and/or 
other certification 
documents 
from each beneficial owner, 
as applicable; 
provided 
that if the Foreign Lender is a 
partnership and one or more 
direct or indirect partners of 
such Foreign Lender are 
claiming 
the 
portfolio 
interest 
exemption, 
such 
Foreign 
Lender 
may 
provide 
a 
U.S. Tax Compliance Certificate substantially in the form of 
Exhibit H-4 on behalf 
of each such direct and indirect partner; 
 
(C) 
any Foreign Lender shall, to the extent it is legally entitled to 
do so, deliver 
to 
the 
Borrower 
and 
the 
Administrative 
Agent 
(in 
such 
number 
of 
copies 
as 
shall 
be 
requested by the recipient) on or 
prior to the date on which such 
Foreign Lender becomes 
a 
Lender 
under 
this 
Agreement 
(and 
from 
time 
to 
time 
thereafter 
upon 
the 
reasonable 
request of the 
Borrower or the 
Administrative Agent), executed 
originals of any 
other form 
prescribed by applicable law as a basis 
for claiming exemption from or a reduction in 
U.S. 
federal 
withholding 
Tax, 
duly 
completed, 
together 
with 
such 
supplementary 
documentation 
as 
may 
be 
prescribed 
by 
applicable 
law 
to 
permit 
the 
Borrower 
or 
the 
Administrative Agent to determine the withholding or deduction required to be made; and 
 
(D) 
if a payment made to a Lender 
under any Loan Document would be 
subject 
to U.S. federal withholding Tax imposed by FATCA 
if such Lender were to fail 
to comply 
with 
the 
applicable 
reporting 
requirements 
of 
FATCA 
(including 
those 
contained 
in 
Section 1471(b) 
or 1472(b) 
of the 
Code, as 
applicable), 
such Lender 
shall 
deliver to 
the 
Borrower and the Administrative Agent at the time or times prescribed by law and at such 
time 
or 
times 
reasonably 
requested 
by 
the 
Borrower 
or 
the 
Administrative 
Agent 
such 
documentation 
prescribed 
by 
applicable 
law 
(including 
as 
prescribed 
by 
Section 1471(b)(3)(C)(i) 
of 
the 
Code) 
and 
such 
additional 
documentation 
reasonably 
requested 
by 
the 
Borrower 
or 
the 
Administrative 
Agent 
as 
may 
be 
necessary 
for 
the 

-52-
Borrower 
and the 
Administrative Agent 
to comply 
with their 
obligations under 
FATCA 
and 
to 
determine 
that 
such 
Lender 
has 
complied 
with 
such 
Lender’s 
obligations 
under 
FATCA 
or to determine 
the amount to 
deduct and withhold 
from such payment. 
Solely for 
purposes 
of 
this 
clause (D), 
“FATCA” 
shall 
include 
any 
amendments 
made 
to 
FATCA 
after the date of this Agreement. 
Each 
Lender 
agrees 
that 
if 
any 
form 
or 
certification 
it 
previously 
delivered 
expires 
or 
becomes obsolete 
or inaccurate 
in any 
respect, it 
shall update 
such form 
or certification 
or promptly 
notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 
 
(h) 
Treatment of Certain Refunds. 

If any 
party receives 
a refund 
of any 
Taxes as to which 
it has been indemnified pursuant 
to this Section (including by the 
payment of additional amounts 
pursuant to 
this Section), 
it shall 
pay to 
the indemnifying 
party an 
amount equal 
to such 
refund 
(but only to 
the extent of 
indemnity payments made 
under this Section 
with respect to 
the Taxes 
giving rise 
to such 
refund), net 
of all 
out-of-pocket expenses 
(including Taxes) of 
such indemnified 
party and 
without interest 
(other than 
any interest 
paid by 
the relevant 
Governmental Authority 
with respect 
to such 
refund). 
Such indemnifying 
party, upon the 
request of 
such indemnified 
party, 
shall repay 
to such 
indemnified party 
the amount 
paid over 
pursuant to 
this subsection (h) 
(plus 
any penalties, 
interest or 
other charges 
imposed by 
the relevant 
Governmental Authority) 
in the 
event that 
such indemnified 
party is 
required to 
repay such 
refund to 
such Governmental 
Authority. 

Notwithstanding anything 
to the 
contrary in 
this subsection (h), 
in no 
event will 
the indemnified 
party be required 
to pay any 
amount to an 
indemnifying party pursuant 
to this subsection (h) 
the 
payment of which 
would place the 
indemnified party in 
a less favorable 
net after-Tax position than 
the 
indemnified 
party 
would 
have 
been 
in 
if 
the 
Tax 
subject 
to 
indemnification 
had 
not 
been 
deducted, withheld or otherwise 
imposed and the indemnification 
payments or additional amounts 
giving rise to such 
refund had never been 
paid. 
This subsection shall not 
be construed to require 
any indemnified 
party to 
make available 
its Tax 
returns (or 
any other 
information relating 
to its 
Taxes that it deems confidential) to the indemnifying party or any other Person. 
 
(i) 
Survival. 

Each party’s obligations under this Section
shall survive the resignation or 
replacement of the Administrative Agent 
or any assignment of rights 
by, or 
the replacement of, a 
Lender, 
the termination 
of the 
Commitments and 
the repayment, 
satisfaction or 
discharge 
of all 
obligations under any Loan Document. 
Section 4.2. 
Change of Law. 
 
Notwithstanding any other provisions of this Agreement or 
any other Loan Document, if at any time any Change in Law makes it unlawful for any Lender to 
make or continue to maintain any Eurodollar 
Loans or to perform its obligations as 
contemplated 
hereby, 
such 
Lender 
shall 
promptly 
give 
notice 
thereof 
to 
the 
Borrower 
and 
such 
Lender’s 
obligations to make or 
maintain Eurodollar Loans under 
this Agreement shall be 
suspended until 
it is 
no longer 
unlawful for 
such Lender 
to make 
or maintain 
Eurodollar Loans. 
The Borrower 
shall prepay on demand the 
outstanding principal amount of any 
such affected Eurodollar Loans, 
together 
with 
all 
interest 
accrued 
thereon 
and 
all 
other 
amounts 
then 
due 
and 
payable 
to 
such 
Lender under this Agreement; 
provided, however,
 
subject to all of the terms 
and conditions of this 
Agreement, the Borrower 
may then elect 
to borrow 
the principal amount 
of the affected 
Eurodollar 
Loans from such Lender by means of Base Rate 
Loans from such Lender, which Base Rate Loans 
shall not be made ratably by the Lenders but only from such affected Lender.

-53-
Section 4.3. 
Unavailability 
of 
Deposits 
or 
Inability 
to 
Ascertain, 
or 
Inadequacy 
of, 
LIBOR
. 
(a) 
Reserved
. 
 
(b) 
Replacing 
USD 
LIBOR. 

On 
March 
5, 
2021 
the 
Financial 
Conduct 
Authority 
(
“FCA”
), 
the 
regulatory 
supervisor 
of 
USD 
LIBOR’s 
administrator 
(
“IBA”
), 
announced 
in 
a 
public 
statement 
the 
future 
cessation 
or 
loss 
of 
representativeness 
of 
overnight/Spot 
Next, 
1-
month, 3-month, 6-month and 
12- month USD 
LIBOR tenor settings. 
On the earlier of 
(i) the date 
that 
all 
Available 
Tenors 
of 
USD 
LIBOR 
have 
either 
permanently 
or 
indefinitely 
ceased 
to 
be 
provided by IBA or have been announced by the FCA pursuant to public statement or publication 
of information 
to be 
no longer 
representative and 
(ii) the 
Benchmark Replacement 
Date relating 
to 
an 
Early 
Opt-in 
Election, 
if 
the 
then-current 
Benchmark 
is 
USD 
LIBOR, 
the 
Benchmark 
Replacement 
will 
replace 
such 
Benchmark 
for 
all 
purposes 
hereunder 
and 
under 
any 
Loan 
Document in 
respect of 
any setting 
of such 
Benchmark on 
such day 
and all 
subsequent settings 
without any 
amendment to, 
or further 
action or 
consent of 
any other 
party to 
this Agreement 
or 
any 
other 
Loan 
Document. 
If 
the 
Benchmark 
Replacement 
is 
Daily 
Simple 
SOFR, 
all 
interest 
payments will be payable on a quarterly basis. 
(c) 
Effect of 
Benchmark Transition Event. 

(i) Notwithstanding 
anything to 
the contrary 
herein 
or 
in 
any 
other 
Loan 
Document, 
if 
a 
Benchmark 
Transition 
Event 
or 
an 
Early 
Opt
-
in 
Election, as 
applicable, and 
its related 
Benchmark Replacement 
Date have 
occurred prior 
to the 
Reference Time in respect 
of any setting of the then
-
current Benchmark, then (x) if a Benchmark 
Replacement is determined 
in accordance 
with clause (1) 
or (2) of 
the definition of 
“Benchmark 
Replacement” for such Benchmark 
Replacement Date, such Benchmark 
Replacement will replace 
such 
Benchmark 
for 
all 
purposes 
hereunder 
and 
under 
any 
Loan 
Document 
in 
respect 
of 
such 
Benchmark 
setting 
and 
subsequent 
Benchmark 
settings 
without 
any 
amendment 
to, 
or 
further 
action or consent 
of any other 
party to, this 
Agreement or any 
other Loan Document 
and (y) if a 
Benchmark 
Replacement 
is 
determined 
in 
accordance 
with 
clause 
(3) 
of 
the 
definition 
of 
“Benchmark 
Replacement” 
for 
such 
Benchmark 
Replacement 
Date, 
such 
Benchmark 
Replacement 
will 
replace 
such 
Benchmark 
for 
all 
purposes 
hereunder 
and 
under 
any 
Loan 
Document 
in 
respect 
of 
any 
Benchmark 
setting 
at 
or 
after 
5:00 
p.m. 
(Chicago 
time) 
on 
the 
5th 
Business 
Day after 
the date 
notice of 
such 
Benchmark 
Replacement is 
provided 
to the 
Lenders 
without any 
amendment to, 
or further 
action or 
consent of 
any other 
party to, 
this Agreement 
or 
any 
other 
Loan Document 
so long 
as 
the Administrative 
Agent has 
not received, 
by such 
time, 
written 
notice 
of 
objection 
to 
such 
Benchmark 
Replacement 
from 
Lenders 
comprising 
the 
Required Lenders. 
 
(ii) 
Notwithstanding 
anything 
to 
the 
contrary 
herein 
or 
in 
any 
other 
Loan 
Document and subject to 
the proviso below in 
this paragraph, if a 
Term 
SOFR Event and 
its 
related 
Benchmark 
Replacement 
Date 
have 
occurred 
prior 
to 
the 
Reference 
Time 
in 
respect 
of 
any 
setting 
of 
the 
then
-
current 
Benchmark, 
then 
the 
applicable 
Benchmark 
Replacement will replace the then
-
current Benchmark for all purposes hereunder or under 
any 
Loan 
Document 
in 
respect 
of 
such 
Benchmark 
setting 
and 
subsequent 
Benchmark 
settings, without any amendment to, or further action or consent of any other party to, this 
Agreement or 
any other 
Loan Document; 
provided
 
that, this 
clause (ii) 
shall not 
be effective 
unless 
the 
Administrative 
Agent 
has 
delivered 
to 
the 
Lenders 
and 
the 
Borrower 
a 
Term 
SOFR Notice. 

-54-
 
(iii) 
In connection 
with the 
implementation of 
a Benchmark 
Replacement, the 
Administrative 
Agent 
will 
have the 
right 
to make 
Benchmark Replacement 
Conforming 
Changes from time to time 
and, notwithstanding anything to the 
contrary herein or in any 
other 
Loan 
Document, 
any 
amendments 
implementing 
such 
Benchmark 
Replacement 
Conforming Changes 
will become 
effective without 
any further 
action or 
consent of 
any 
other party to this Agreement or any other Loan Document. 
 
(iv) 
The 
Administrative 
Agent 
will 
promptly 
notify 
the 
Borrower 
and 
the 
Lenders 
of 
(A) any 
occurrence 
of 
a 
Benchmark 
Transition 
Event, 
Term 
SOFR 
Event 
or 
Early Opt
-
in Election, as applicable, and its 
related Benchmark Replacement Date, (B) the 
implementation of any Benchmark 
Replacement, (C) the effectiveness 
of any Benchmark 
Replacement 
Conforming 
Changes, 
(D) 
the 
removal 
or 
reinstatement 
of 
any 
tenor 
of 
a 
Benchmark pursuant to clause (v) below and (E) the commencement or conclusion 
of any 
Benchmark 
Unavailability 
Period. 
Any 
determination, 
decision 
or 
election 
that 
may 
be 
made 
by 
the 
Administrative 
Agent 
or, 
if 
applicable, 
any 
Lender 
(or 
group 
of 
Lenders) 
pursuant to this Section 4.3(c), including any determination with respect to a tenor, rate or 
adjustment or 
of the 
occurrence or 
non
-
occurrence of 
an event, 
circumstance or 
date and 
any 
decision 
to 
take 
or 
refrain 
from 
taking 
any 
action 
or 
any 
selection, 
will 
be 
made 
in 
good faith in its or their reasonable discretion giving due consideration to any selection or 
recommendation 
by 
the 
Relevant 
Governmental 
Body 
and 
to 
any 
prevailing 
market 
practices for U.S. 
Dollar-denominated syndicated 
credit facilities 
and shall be 
conclusive 
and binding absent manifest error without consent from any other party to this Agreement 
or any 
other Loan 
Document, except, 
in each 
case, as 
expressly required 
pursuant to 
this 
Section 
4.3(c). 
The 
parties 
hereto 
acknowledge 
that, 
on 
March 
5, 
2021, 
the 
ICE 
Benchmark Administration (the 
“IBA”
), the administrator 
of the London 
interbank offered 
rate (
“LIBOR Rate”
), stated that as a result 
of its not having access to 
input data necessary 
to calculate LIBOR 
Rate settings on 
a representative basis 
beyond the intended 
cessation 
dates set forth in such statement, it would have 
to cease publication of all 35 LIBOR Rate 
settings 
immediately 
after 
such 
dates. 
The 
IBA 
did 
not 
identify 
any 
successor 
administrator in 
its announcement. 
The IBA 
also noted 
that the 
U.K. Financial 
Conduct 
Authority (the 
“FCA”
), the 
regulatory supervisor 
for the 
IBA, could, 
at a 
later date, 
use 
proposed new 
powers to 
require the 
IBA to 
publish LIBOR 
Rate settings 
on a 
synthetic 
basis. 
The FCA also issued 
a separate announcement confirming 
that the IBA had 
notified 
the FCA 
of its 
intent to 
cease providing 
all LIBOR 
Rate settings. 
While the 
FCA stated 
that, subject to 
the establishment of 
the new proposed 
powers, it would 
consult on the 
issue 
of 
requiring 
the 
IBA 
to 
produce 
certain 
LIBOR 
Rate 
tenors 
on 
a 
synthetic 
basis, 
it 
confirmed 
that 
all 
35 
LIBOR 
Rate 
settings 
will 
either 
cease 
to 
be 
provided 
by 
any 
administrator or will no longer 
be representative as of the 
dates set forth in such 
statement. 
 
(v) 
Notwithstanding 
anything 
to 
the 
contrary 
herein 
or 
in 
any 
other 
Loan 
Document, at any time (including in 
connection with the implementation of 
a Benchmark 
Replacement), (A) if the then
-
current Benchmark is a term rate 
(including Term 
SOFR or 
LIBOR) and either (1) any tenor for such Benchmark is not displayed on a screen or other 
information 
service 
that 
publishes 
such 
rate 
from 
time 
to 
time 
as 
selected 
by 
the 
Administrative 
Agent 
in 
good 
faith 
and 
in 
its 
reasonable 
discretion 
giving 
due 
consideration 
to 
any 
prevailing 
market 
practice 
for 
U.S. 
Dollar-denominated 
syndicated 

-55-
credit facilities 
or (2) the 
regulatory supervisor 
for the 
administrator of 
such Benchmark 
has provided 
a public 
statement or 
publication of 
information announcing 
that any 
tenor 
for such Benchmark is 
or will be no 
longer representative, then the 
Administrative Agent 
may modify the definition of “Interest Period” for any Benchmark settings at or after such 
time 
to 
remove 
such 
unavailable 
or 
non
-
representative 
tenor 
and 
(B) 
if 
a 
tenor 
that 
was 
removed pursuant to 
clause (A) above 
either (1) is subsequently 
displayed on a 
screen or 
information service for a 
Benchmark (including a Benchmark 
Replacement) or (2) 
is not, 
or is no longer, subject to an 
announcement that it is or 
will no longer be representative 
for 
a Benchmark (including 
a Benchmark Replacement), 
then the Administrative 
Agent may 
modify the definition of 
“Interest Period” for all 
Benchmark settings at or 
after such time 
to reinstate such previously removed tenor. 
 
(vi) 
Upon 
the 
Borrower’s 
receipt 
of 
notice 
of 
the 
commencement 
of 
a 
Benchmark Unavailability Period, 
the Borrower may revoke 
any request for a 
Borrowing 
of, conversion to or 
continuation of Eurodollar Loans to 
be made, converted or continued 
during 
any 
Benchmark 
Unavailability 
Period 
and, 
failing 
that, 
the 
Borrowers 
will 
be 
deemed to have 
converted any such 
request into a 
request for a 
Borrowing of or 
conversion 
to 
Base 
Rate 
Loans. 
During 
any 
Benchmark 
Unavailability 
Period 
or 
at 
any 
time 
that 
a 
tenor for 
the then
-
current Benchmark 
is not 
an Available 
Tenor, 
the component 
of Base 
Rate 
based 
upon 
the 
then
-
current 
Benchmark 
or 
such 
tenor 
for 
such 
Benchmark, 
as 
applicable, will not be used in any determination of Base Rate. 
(vii) 
Certain Defined Terms
. 
As used in this Section 4.3(c): 

 
“Available Tenor”
 
means, as of any date of determination and with 
respect 
to 
the 
then
-
current 
Benchmark, 
as 
applicable, 
any 
tenor 
for 
such 
Benchmark or payment period for 
interest calculated with reference 
to such 
Benchmark, as applicable, that 
is or may be 
used for determining the 
length 
of 
an 
Interest 
Period 
pursuant 
to 
this 
Agreement 
as 
of 
such 
date 
and 
not 
including, for the avoidance of doubt, any tenor for such 
Benchmark that is 
then
-
removed from the 
definition of “Interest 
Period” pursuant to 
clause (v) 
of this Section 4.3(c). 
 
“Benchmark”
 
means, initially, the 
LIBOR Index 
Rate; 
provided
 
that 
if a 
Benchmark Transition 
Event, a 
Term 
SOFR Event 
or an 
Early Opt
-
in 
Election, as applicable, 
and its related 
Benchmark Replacement Date 
have 
occurred 
with 
respect 
to 
the 
LIBOR 
Index 
Rate 
or 
the 
then
-
current 
Benchmark, 
then 
“Benchmark” 
means 
the 
applicable 
Benchmark 
Replacement to the extent 
that such Benchmark Replacement 
has replaced 
such prior 
benchmark rate 
pursuant to 
clause (i) or 
(ii) of 
this Section 
4.3(c). 
 
“Benchmark 
Replacement” 
means, 
for 
any 
Available 
Tenor, 
the 
first alternative 
set forth 
in the 
order below 
that can 
be determined 
by the 
Administrative Agent for the applicable Benchmark Replacement Date: 

-56-
 
(1) 
the sum 
of: (a) 
Term 
SOFR and 
(b) the 
related Benchmark 
Replacement Adjustment; 
 
(2) 
the 
sum 
of: 
(a) 
Daily 
Simple 
SOFR 
and 
(b) 
the 
related 
Benchmark Replacement Adjustment; 
 
(3) 
the sum 
of: 
(a) the 
alternate benchmark 
rate that 
has been 
selected by the Administrative Agent 
and the Borrower as the 
replacement 
for 
the 
then
-
current 
Benchmark 
for 
the 
applicable 
Corresponding 
Tenor 
giving 
due 
consideration 
to 
(i) any 
selection 
or 
recommendation 
of 
a 
replacement benchmark rate 
or the mechanism for 
determining such a 
rate 
by the Relevant Governmental Body or (ii) any evolving or 
then
-
prevailing 
market convention 
for determining 
a benchmark 
rate as 
a replacement 
for 
the then
-
current Benchmark for 
U.S. dollar
-
denominated syndicated credit 
facilities 
at 
such 
time 
and 
(b) the 
related 
Benchmark 
Replacement 
Adjustment; 
provided
 
that, 
in 
the 
case 
of 
clause 
(1), 
such 
Unadjusted 
Benchmark 
Replacement 
is 
displayed 
on 
a 
screen 
or 
other 
information 
service 
that 
publishes 
such 
rate 
from 
time 
to 
time 
as 
selected 
by 
the 
Administrative 
Agent in 
good faith 
and in 
its reasonable 
discretion giving 
due consideration 
to any 
prevailing market 
practice for 
U.S. Dollar-denominated 
syndicated 
credit 
facilities; 
provided 
further
 
that, 
notwithstanding 
anything 
to 
the 
contrary 
in 
this 
Agreement 
or 
in 
any 
other 
Loan 
Document, 
upon 
the 
occurrence 
of 
a 
Term 
SOFR 
Event, 
and 
the 
delivery 
of 
a 
Term 
SOFR 
Notice, 
on 
the 
applicable 
Benchmark 
Replacement 
Date 
the 
“Benchmark 
Replacement” shall revert to and 
shall be deemed to be 
the sum of (a) Term 
SOFR and (b) the related 
Benchmark Replacement Adjustment, as set 
forth 
in clause (1) of this definition (subject to the first proviso above). 
If the Benchmark Replacement as determined pursuant to clause (1), (2) or 
(3) above would 
be less than 
the Floor, the Benchmark 
Replacement will be 
deemed 
to 
be 
the 
Floor for 
the 
purposes 
of 
this 
Agreement 
and 
the 
other 
Loan Documents. 
 
“Benchmark Replacement Adjustment”
means, with respect 
to any 
replacement of the then 
current Benchmark with 
an Unadjusted Benchmark 
Replacement for any 
applicable Interest Period 
and Available Tenor for any 
setting of such Unadjusted Benchmark Replacement: 
 
(1) 
for 
purposes 
of 
clauses 
(1) 
and 
(2) 
of 
the 
definition 
of 
“Benchmark Replacement,” the first alternative set forth 
in the order below 
that can be determined by the Administrative Agent: 
 
(a) 
the 
spread 
adjustment, 
or 
method 
for 
calculating 
or 
determining such spread 
adjustment, (which may 
be a positive 
or negative 

-57-
value or 
zero) as 
of the 
Reference Time 
such Benchmark 
Replacement is 
first set for such Interest 
Period that has been 
selected or recommended by 
the Relevant 
Governmental Body 
for the 
replacement of 
such Benchmark 
with the applicable Unadjusted Benchmark Replacement for the applicable 
Corresponding Tenor; 
 
(b) 
the spread adjustment 
(which may be 
a positive or 
negative 
value or 
zero) as 
of the 
Reference Time 
such Benchmark 
Replacement is 
first set 
for such 
Interest Period 
that would 
apply to 
the fallback 
rate for 
a 
derivative transaction 
referencing the 
ISDA Definitions 
to be 
effective upon 
an index cessation event with respect to such Benchmark for the applicable 
Corresponding Tenor; and 
 
(2) 
for 
purposes of 
clause (3) 
of the 
definition of 
“Benchmark 
Replacement,” 
the 
spread 
adjustment, 
or 
method 
for 
calculating 
or 
determining such spread 
adjustment, (which may 
be a positive 
or negative 
value or 
zero) that 
has been 
selected by 
the Administrative 
Agent and 
the 
Borrower for the applicable Corresponding Tenor giving due consideration 
to (i) 
any selection 
or recommendation 
of a 
spread adjustment, 
or method 
for calculating or determining such 
spread adjustment, for the replacement 
of 
such 
Benchmark 
with 
the 
applicable 
Unadjusted 
Benchmark 
Replacement 
by 
the 
Relevant 
Governmental 
Body 
on 
the 
applicable 
Benchmark Replacement 
Date and/or 
(ii) any 
evolving or 
then-prevailing 
market 
convention 
for 
determining 
a 
spread 
adjustment, 
or 
method 
for 
calculating or 
determining such 
spread adjustment, 
for the 
replacement of 
such Benchmark 
with the 
applicable Unadjusted 
Benchmark Replacement 
for U.S. dollar denominated syndicated credit facilities; 
provided
 
that, in the case of clause (1) above, 
such adjustment is displayed 
on 
a 
screen 
or 
other 
information 
service 
that 
publishes 
such 
Benchmark 
Replacement 
Adjustment 
from 
time 
to 
time 
as 
selected 
by 
the 
Administrative Agent in its reasonable discretion. 
 
“Benchmark 
Replacement 
Conforming 
Changes”
 
means, 
with 
respect 
to 
any 
Benchmark 
Replacement, 
any 
technical, 
administrative 
or 
operational changes (including 
changes to 
the definition of 
“Base Rate,” the 
definition of “Business Day,” the definition of “Interest Period,” the timing 
and 
frequency 
of 
determining 
rates 
and 
making 
payments 
of 
interest, 
the 
timing 
of 
borrowing 
requests 
or 
prepayment, 
conversion 
or 
continuation 
notices, 
the 
length 
of 
lookback 
periods, 
the 
applicability 
of 
breakage 
provisions, and 
other technical, 
administrative or 
operational matters) 
that 
the Administrative Agent reasonably 
decides may be appropriate 
to reflect 
the adoption 
and implementation 
of such 
Benchmark Replacement 
and to 
permit the administration thereof by 
the Administrative Agent in a 
manner 
substantially 
consistent 
with 
market 
practice 
(or, 
if 
the 
Administrative 
Agent 
in 
good 
faith 
decides 
that 
adoption 
of 
any 
portion 
of 
such 
market 

-58-
practice 
is 
not 
administratively 
feasible 
or 
if 
the 
Administrative 
Agent 
determines in 
good faith 
that no 
market practice 
for the 
administration of 
such 
Benchmark 
Replacement 
exists, 
in 
such 
other 
manner 
of 
administration 
as 
the 
Administrative 
Agent 
in 
good 
faith 
decides 
is 
reasonably 
necessary 
in 
connection 
with 
the 
administration 
of 
this 
Agreement and the other Loan Documents). 
 
“Benchmark Replacement Date”
 
means the earliest to 
occur of the 
following events with respect to the then-current Benchmark: 
 
(1) 
in 
the 
case 
of 
clause 
(1) 
or 
(2) 
of 
the 
definition 
of 
“Benchmark 
Transition 
Event,” 
the 
later 
of 
(a) 
the 
date 
of 
the 
public 
statement or publication 
of information referenced 
therein and (b) 
the date 
on which 
the administrator 
of such 
Benchmark (or 
the published 
component 
used 
in 
the 
calculation 
thereof) 
permanently 
or 
indefinitely 
ceases 
to 
provide 
all 
Available 
Tenors 
of 
such 
Benchmark 
(or 
such 
component 
thereof); 
 
(2) 
in 
the 
case 
of 
clause 
(3) 
of 
the 
definition 
of 
“Benchmark 
Transition 
Event,” 
the 
date 
of 
the 
public 
statement 
or 
publication 
of 
information referenced therein; 
 
(3) 
in the 
case of 
a Term 
SOFR Event, 
the date 
that is 
30 days 
after 
the 
date 
a 
Term 
SOFR 
Notice 
is 
provided 
to 
the 
Lenders 
and 
the 
Borrower pursuant to this Section 4.3(c)(ii); or 
 
(4) 
in the case 
of an Early 
Opt
-
in Election, the 
6th Business Day 
after 
the 
date 
notice 
of 
such 
Early 
Opt
-
in 
Election 
is 
provided 
to 
the 
Lenders, so long 
as the Administrative 
Agent has not 
received, by 5:00 p.m. 
(Chicago time) on the 5th 
Business Day after the date 
notice of such Early 
Opt
-
in 
Election 
is 
provided 
to 
the 
Lenders, 
written 
notice 
of 
objection 
to 
such Early Opt
-
in Election from Lenders 
comprising the Required Lenders. 
For 
the 
avoidance 
of 
doubt, 
(i) 
if 
the 
event 
giving 
rise 
to 
the 
Benchmark 
Replacement Date 
occurs on 
the same 
day as, 
but earlier 
than, the 
Reference 
Time 
in 
respect 
of 
any 
determination, 
the 
Benchmark 
Replacement 
Date 
will 
be 
deemed 
to 
have 
occurred 
prior 
to 
the 
Reference 
Time 
for 
such 
determination and (ii) the “Benchmark Replacement Date” will 
be deemed 
to 
have 
occurred 
in 
the 
case 
of 
clause (1) 
or 
(2) 
with 
respect 
to 
any 
Benchmark upon the occurrence 
of the applicable event 
or events set forth 
therein with 
respect to 
all then
-
current Available Tenors of such 
Benchmark 
(or the published component used in the calculation thereof). 
 
“Benchmark 
Transition 
Event”
means 
the 
occurrence 
of 
one 
or 
more of the following events with respect to the then
-
current Benchmark: 

-59-
 
(1) 
a 
public 
statement 
or 
publication 
of 
information 
by 
or 
on 
behalf of the 
administrator of such 
Benchmark (or the 
published component 
used 
in 
the 
calculation 
thereof) 
announcing 
that 
such 
administrator 
has 
ceased or will cease to provide all 
Available Tenors 
of such Benchmark (or 
such component thereof), permanently or indefinitely; 
provided
 
that, at the 
time of 
such statement 
or publication, 
there 
is no 
successor administrator 
that will 
continue to 
provide any 
Available 
Tenor 
of such 
Benchmark (or 
such component thereof); 
 
(2) 
a 
public 
statement 
or 
publication 
of 
information 
by 
the 
regulatory 
supervisor 
for 
the 
administrator 
of 
such 
Benchmark 
(or 
the 
published 
component 
used 
in 
the 
calculation 
thereof), 
the 
FRB, 
the 
NYFRB, an insolvency official 
with jurisdiction over the administrator 
for 
such 
Benchmark 
(or 
such 
component), 
a 
resolution 
authority 
with 
jurisdiction over 
the administrator 
for such 
Benchmark (or 
such component) 
or a court 
or an entity 
with similar 
insolvency or resolution 
authority over 
the 
administrator 
for 
such 
Benchmark 
(or 
such 
component), 
which 
states 
that the 
administrator of such 
Benchmark (or such 
component) has ceased 
or will 
cease to 
provide all 
Available 
Tenors 
of such 
Benchmark (or 
such 
component thereof) 
permanently or 
indefinitely, 
provided
 
that, at 
the time 
of 
such 
statement 
or 
publication, 
there 
is 
no 
successor 
administrator 
that 
will continue to 
provide any Available 
Tenor 
of such Benchmark 
(or such 
component thereof); or 
 
(3) 
a 
public 
statement 
or 
publication 
of 
information 
by 
the 
regulatory 
supervisor 
for 
the 
administrator 
of 
such 
Benchmark 
(or 
the 
published 
component 
used 
in 
the 
calculation 
thereof) 
announcing 
that 
all 
Available 
Tenors 
of such 
Benchmark (or 
such component 
thereof) are 
no 
longer representative. 
For 
the 
avoidance 
of 
doubt, 
a 
“Benchmark 
Transition 
Event” 
will 
be 
deemed 
to 
have 
occurred 
with 
respect 
to 
any 
Benchmark 
if 
a 
public 
statement or 
publication of 
information set 
forth above 
has occurred 
with 
respect 
to 
each 
then
-
current 
Available 
Tenor 
of 
such 
Benchmark 
(or 
the 
published component used in the calculation thereof). 
 
“Benchmark Unavailability 
Period” 
means the 
period (if 
any) (x) 
beginning 
at 
the 
time 
that 
a 
Benchmark 
Replacement 
Date 
pursuant 
to 
clauses 
(1) 
or 
(2) 
of 
that 
definition 
has 
occurred 
if, 
at 
such 
time, 
no 
Benchmark Replacement 
has replaced 
the then
-
current Benchmark 
for all 
purposes hereunder and under any Loan Document in accordance with this 
Section 4.3(c) and 
(y) ending at 
the time 
that a 
Benchmark Replacement 
has 
replaced the then
-
current Benchmark for all 
purposes hereunder and under 
any Loan Document in accordance with this Section 4.3(c). 

-60-
 
“Corresponding Tenor” 
with respect 
to any 
Available Tenor means, 
as 
applicable, 
either 
a 
tenor 
(including 
overnight) 
or 
an 
interest 
payment 
period 
having 
approximately 
the 
same 
length 
(disregarding 
business 
day 
adjustment) as such Available Tenor. 
 
“Daily 
Simple 
SOFR” 
means, 
for 
any 
day, 
SOFR, 
with 
the 
conventions for this rate (which 
will include a lookback) being established 
by 
the 
Administrative 
Agent 
in 
accordance 
with 
the 
conventions 
for 
this 
rate 
selected 
or 
recommended 
by 
the 
Relevant 
Governmental 
Body 
for 
determining “Daily Simple SOFR” for syndicated business loans; 
provided
that 
if 
the 
Administrative 
Agent 
decides 
in 
good 
faith 
that 
any 
such 
convention 
is 
not 
administratively 
feasible 
for 
the 
Administrative 
Agent, 
then 
the 
Administrative 
Agent 
may 
establish 
another 
convention 
in 
good 
faith 
and 
in 
its 
reasonable 
discretion 
giving 
due 
consideration 
to 
any 
prevailing market 
practices for 
U.S. Dollar-denominated 
syndicated credit 
facilities. 
 
“Early 
Opt
-
in 
Election”
means, 
if 
the 
then
-
current 
Benchmark 
is 
the LIBOR Index Rate, the occurrence of: 
 
(1) 
a notification by the Administrative Agent to (or the request 
by 
the 
Borrower to 
the 
Administrative 
Agent 
to 
notify) 
each 
of 
the 
other 
parties 
hereto 
that 
at 
least 
five 
currently 
outstanding 
U.S. 
dollar
-
denominated 
syndicated 
credit 
facilities 
at 
such 
time 
contain 
(as 
a 
result 
of 
amendment 
or 
as 
originally 
executed) 
a 
SOFR
-
based 
rate 
(including SOFR, 
a term 
SOFR or 
any other 
rate based 
upon SOFR) 
as a 
benchmark rate (and 
such syndicated credit 
facilities are identified 
in such 
notice and are publicly available for review), and 
 
(2) 
the 
joint 
election 
by 
the 
Administrative 
Agent 
and 
the 
Borrower 
to 
trigger 
a 
fallback 
from 
LIBOR 
and 
the 
provision 
by 
the 
Administrative Agent of written notice of such election to the Lenders. 
 
“Floor”
 
means 
the 
benchmark 
rate 
floor, 
if 
any, 
provided 
in 
this 
Agreement 
initially 
(as 
of 
the 
execution 
of 
this 
Agreement, 
the 
modification, amendment or renewal of 
this Agreement or otherwise) with 
respect to LIBOR. 
 
“FRB”
 
means 
the 
Board 
of 
Governors 
of 
the 
Federal 
Reserve 
System of the United States. 
 
“ISDA Definitions” 
means the 2006 
ISDA Definitions published by 
the International Swaps and Derivatives Association, 
Inc. or any successor 
thereto, as 
amended or 
supplemented from 
time to 
time, or 
any successor 
definitional booklet for interest 
rate derivatives published from 
time to time 

-61-
by 
the 
International 
Swaps 
and 
Derivatives 
Association, 
Inc. 
or 
such 
successor thereto. 
 
“NYFRB” 
means the Federal Reserve Bank of New York. 
 
“NYFRB’s Website” 
means the 
website of 
the Federal 
Reserve Bank 
of New York at http://www.newyorkfed.org, 
or any successor source. 
 
“Reference 
Time” 
with 
respect 
to 
any 
setting 
of 
the 
then
-
current 
Benchmark means (1) if 
such Benchmark is 
the LIBOR Index 
Rate, 11:00 
a.m. (London time) on 
the day that is 
two London banking days 
preceding 
the date of such setting, and (2) if such Benchmark is not the LIBOR Index 
Rate, the time determined by the Administrative Agent in good faith and in 
its reasonable discretion giving due 
consideration to any prevailing market 
practice for U.S. Dollar-denominated syndicated credit facilities. 
 
“Relevant Governmental Body
” means the 
FRB and/or the 
NYFRB, 
or 
a 
committee 
officially 
endorsed 
or 
convened 
by 
the 
FRB 
and/or 
the 
NYFRB, or any successor thereto. 
 
“SOFR” 
means, with respect 
to any Business 
Day, a rate per annum 
equal 
to 
the 
secured 
overnight 
financing 
rate 
for 
such 
Business 
Day 
published 
by 
the 
SOFR 
Administrator 
on 
the 
SOFR 
Administrator’s 
Website on the immediately succeeding Business Day. 
 
“SOFR 
Administrator” 
means 
the 
NYFRB 
(or 
a 
successor 
administrator of the secured overnight financing rate). 
 
“SOFR 
Administrator’s 
Website” 
means 
the 
NYFRB’s 
Website, 
currently 
at 
http://www.newyorkfed.org, 
or 
any 
successor 
source 
for 
the 
secured 
overnight 
financing 
rate 
identified 
as 
such 
by 
the 
SOFR 
Administrator from time to time. 
 
“Term SOFR” 
means, for the applicable 
Corresponding Tenor as of 
the 
applicable 
Reference 
Time, 
the 
forward
-
looking 
term 
rate 
based 
on 
SOFR 
that 
has 
been 
selected 
or 
recommended 
by 
the 
Relevant 
Governmental Body. 
 
“Term SOFR Event” 
means the 
determination by 
the Administrative 
Agent that (a) Term 
SOFR has been recommended for use by the Relevant 
Governmental 
Body, 
(b) the 
administration 
of 
Term 
SOFR 
is 
administratively feasible for 
the Administrative Agent 
and (c) a Benchmark 
Transition 
Event 
has 
previously 
occurred 
resulting 
in 
a 
Benchmark 
Replacement in accordance with this 
Section 4.3(c) that is not Term SOFR. 

-62-
 
“Term 
SOFR 
Notice” 
means 
a 
notification 
by 
the 
Administrative 
Agent to the Lenders and the 
Borrower of the occurrence of a 
Term 
SOFR 
Event. 
 
“Unadjusted 
Benchmark 
Replacement” 
means 
the 
applicable 
Benchmark 
Replacement 
excluding 
the 
related 
Benchmark 
Replacement 
Adjustment. 
Section 4.4. 
Increased Costs
. 
 
(a) 
Increased Costs Generally. 

If any Change in Law shall: 
 
(i) 
impose, 
modify 
or 
deem 
applicable 
any 
reserve, 
special 
deposit, 
compulsory loan, insurance 
charge or similar 
requirement against assets 
of, deposits with 
or 
for 
the 
account 
of, 
or 
credit 
extended 
or 
participated 
in 
by, 
any 
Lender 
(except 
any 
reserve requirement reflected in the Adjusted LIBOR) or any L/C Issuer; 
 
(ii) 
subject 
any 
Recipient 
to 
any 
Taxes 
(other 
than 
(A) Indemnified 
Taxes, 
(B) Taxes 
described 
in 
clauses (b) 
through 
(d) 
of 
the 
definition 
of 
Excluded 
Taxes 
and 
(C) Connection Income Taxes) on its loans, loan principal, 
letters of credit, commitments, 
or other obligations, or 
its deposits, reserves, other 
liabilities or capital attributable 
thereto; 
or 
 
(iii) 
impose on 
any Lender 
or any 
L/C Issuer 
or the 
London interbank 
market 
any other condition, cost or expense (other than Taxes) affecting 
this Agreement or Loans 
made by such Lender or any Letter of Credit or participation therein; 
and the 
result of 
any of 
the foregoing 
shall be 
to increase 
the cost 
to such 
Lender or 
such other 
Recipient 
of 
making, 
converting 
to, 
continuing 
or 
maintaining 
any 
Loan 
or 
of 
maintaining 
its 
obligation to make any such Loan, or to increase the cost to such Lender, 
such L/C Issuer or such 
other Recipient of participating 
in, issuing or maintaining 
any Letter of Credit 
(or of maintaining 
its obligation to participate in or 
to issue any Letter of Credit), 
or to reduce the amount of 
any sum 
received 
or 
receivable 
by 
such 
Lender, 
L/C 
Issuer 
or 
other 
Recipient 
hereunder 
(whether 
of 
principal, 
interest 
or 
any 
other 
amount) 
then, 
upon 
request 
of 
such 
Lender, 
L/C 
Issuer 
or 
other 
Recipient, the 
Borrower will 
pay to 
such Lender, 
L/C Issuer 
or other 
Recipient, as 
the case 
may 
be, 
such 
additional 
amount 
or 
amounts 
as 
will 
compensate 
such 
Lender, 
L/C 
Issuer 
or 
other 
Recipient, as the case may be, for such additional costs incurred or reduction suffered. 
 
(b) 
Capital Requirements. 

If any 
Lender or 
L/C Issuer 
determines that 
any Change 
in 
Law affecting such Lender or L/C Issuer or any lending 
office of such Lender or such Lender’s or 
L/C Issuer’s 
holding company, 
if any, 
regarding capital 
or liquidity 
requirements, has 
or would 
have the 
effect 
of reducing 
the rate 
of return 
on such 
Lender’s 
or L/C 
Issuer’s 
capital or 
on the 
capital 
of 
such 
Lender’s 
or 
L/C 
Issuer’s 
holding 
company, 
if 
any, 
as 
a 
consequence 
of 
this 
Agreement, the 
Commitments of 
such Lender 
or the 
Loans made 
by, 
or participations 
in Letters 
of 
Credit 
or Swingline 
Loans 
held 
by, 
such 
Lender, 
or 
the Letters 
of 
Credit 
issued 
by 
any 
L/C 
Issuer, 
to a 
level 
below that 
which such 
Lender 
or L/C 
Issuer 
or such 
Lender’s 
or L/C 
Issuer’s 

-63-
holding company could have 
achieved but for such 
Change in Law 
(taking into consideration such 
Lender’s 
or 
L/C 
Issuer’s 
policies 
and 
the 
policies 
of 
such 
Lender’s 
or 
L/C 
Issuer’s 
holding 
company with respect to capital adequacy), 
then from time to time the 
Borrower will pay to such 
Lender or L/C Issuer, 
as the case may be, 
such additional amount or amounts 
as will compensate 
such 
Lender 
or 
L/C 
Issuer 
or 
such 
Lender’s 
or 
L/C 
Issuer’s 
holding 
company 
for 
any 
such 
reduction suffered. 
 
(c) 
Certificates for Reimbursement. 

A certificate of a Lender or L/C Issuer setting forth 
the amount 
or amounts 
necessary to 
compensate such 
Lender or 
L/C Issuer 
or its 
holding company, 
as 
the 
case 
may 
be, 
as 
specified 
in 
subsection (a) 
or (b) 
of 
this 
Section 
and 
delivered 
to 
the 
Borrower, shall be conclusive absent manifest error. 
The Borrower shall pay such Lender or L/C 
Issuer, as the case may be, 
the amount shown as 
due on any such 
certificate within thirty (30) days 
after receipt thereof. 
 
(d) 
Delay in 
Requests. 

Failure or 
delay on 
the part 
of any 
Lender or 
L/C Issuer 
to demand 
compensation pursuant 
to this 
Section shall 
not constitute 
a waiver 
of such 
Lender’s or 
L/C Issuer’s 
right 
to 
demand 
such 
compensation; 
provided
 
that 
the 
Borrower 
shall 
not 
be 
required 
to 
compensate 
a 
Lender 
or L/C 
Issuer 
pursuant to 
this 
Section for 
any increased 
costs incurred 
or 
reductions suffered 
more than six (6) 
months prior to 
the date that 
such Lender or 
L/C Issuer, 
as 
the case may be, notifies the 
Borrower of the Change in 
Law giving rise to such 
increased costs or 
reductions, and of such Lender’s or L/C Issuer’s intention to claim compensation therefor (except 
that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 
nine-month period 
referred to 
above shall 
be extended 
to include 
the period 
of retroactive 
effect 
thereof). 
Section 4.5. 
Funding 
Indemnity
. 
If 
any 
Lender 
shall 
incur 
any 
loss, 
cost 
or 
expense 
(including, without 
limitation, any 
loss, cost 
or expense 
incurred by 
reason of 
the liquidation 
or 
re-employment 
of 
deposits 
or 
other 
funds 
acquired 
by 
such 
Lender 
to 
fund 
or 
maintain 
any 
Eurodollar Loan or Swingline Loan bearing interest at the Swingline Lender’s Quoted Rate or the 
relending or reinvesting of 
such deposits or amounts 
paid or prepaid to 
such Lender) as a 
result of: 
 
(a) 
any 
payment, 
prepayment 
or 
conversion 
of 
a 
Eurodollar 
Loan 
or 
such 
Swingline Loan on a date other than the last day of its Interest Period, 

 
(b) 
any 
failure 
(because 
of 
a 
failure 
to 
meet 
the 
conditions 
of 
Section 7 
or 
otherwise) 
by the 
Borrower to 
borrow or 
continue a 
Eurodollar Loan 
or such 
Swingline 
Loan, or 
to convert 
a Base 
Rate Loan 
into a 
Eurodollar Loan 
or such 
Swingline Loan 
on 
the date specified in a notice given pursuant to Section 2.6(a) or 2.2(b), 
 
(c) 
any 
failure 
by 
the 
Borrower 
to 
make 
any 
payment 
of 
principal 
on 
any 
Eurodollar Loan or 
such Swingline Loan 
when due (whether 
by acceleration or 
otherwise), 
or 
 
(d) 
any 
acceleration 
of 
the 
maturity 
of 
a 
Eurodollar 
Loan 
or 
such 
Swingline 
Loan as a result of the occurrence of any Event of Default hereunder, 

-64-
then, upon the demand 
of such Lender, the Borrower 
shall pay to such 
Lender such amount as 
will 
reimburse 
such 
Lender 
for 
such 
loss, 
cost 
or 
expense. 
If 
any 
Lender 
makes 
such 
a 
claim 
for 
compensation, 
it 
shall 
provide 
to 
the 
Borrower, 
with 
a 
copy 
to 
the 
Administrative 
Agent, 
a 
certificate 
setting 
forth 
the 
amount 
of 
such 
loss, 
cost 
or 
expense 
in 
reasonable 
detail 
and 
the 
amounts shown on such certificate shall be conclusive
absent manifest error. 
Section 4.6. 
Discretion 
of Lender 
as to 
Manner of 
Funding. 

Notwithstanding any 
other 
provision of this Agreement, each 
Lender shall be entitled to 
fund and maintain its funding 
of all 
or any 
part of 
its Loans 
in any 
manner it 
sees fit, 
it being 
understood, however, that 
for the 
purposes 
of this Agreement all determinations hereunder with respect to Eurodollar Loans shall be 
made as 
if each Lender had actually funded and maintained each Eurodollar Loan through the purchase of 
deposits 
in 
the 
interbank 
euro 
dollar 
market 
having 
a 
maturity 
corresponding 
to 
such 
Loan’s 
Interest Period, and bearing an interest rate equal to LIBOR for such Interest Period.
Section 4.7. 
Lending 
Offices; 
Mitigation 
Obligations. 

Each 
Lender 
may, 
at 
its 
option, 
elect to make 
its Loans hereunder 
at the branch, 
office or 
affiliate specified 
in its Administrative 
Questionnaire (each 
a 
“Lending Office”
) for 
each type 
of Loan 
available hereunder 
or at 
such other 
of its 
branches, offices 
or affiliates 
as it 
may from 
time to 
time elect 
and designate 
in a 
written 
notice to the 
Borrower and the 
Administrative Agent. 

If any Lender requests 
compensation under 
Section 4.4, or requires the Borrower 
to pay any Indemnified Taxes 
or additional amounts to any 
Lender or any 
Governmental Authority for 
the account of 
any Lender pursuant 
to Section 4.1, then 
such Lender 
shall (at 
the request 
of the 
Borrower) use 
reasonable efforts 
to designate 
a different 
lending office 
for funding 
or booking 
its Loans 
hereunder or 
to assign 
its rights 
and obligations 
hereunder to another of its offices, branches or 
affiliates, if, in the judgment of such Lender, 
such 
designation or assignment (i) would eliminate 
or reduce amounts payable pursuant to 
Section 4.1 
or 4.4, 
as the 
case may 
be, in 
the future, 
and (ii) would 
not subject 
such Lender 
to any 
unreimbursed 
cost or 
expense and 
would not 
otherwise be 
disadvantageous to 
such Lender. 
The Borrower 
hereby 
agrees to 
pay all 
reasonable costs 
and expenses 
incurred 
by any 
Lender in 
connection with 
any 
such designation or assignment. 
S
ECTION
 
5. 
P
LACE AND 
A
PPLICATION 
OF 
P
AYMENTS
. 
Section 5.1. 
Place and Application 
of Payments.
 
All payments of 
principal of and 
interest 
on 
the 
Loans 
and 
the 
Reimbursement 
Obligations, 
and 
all 
other 
Obligations 
payable 
by 
the 
Borrower under this Agreement and the other Loan 
Documents, shall be made by the Borrower to 
the Administrative Agent by no later than 2:00 p.m. (Chicago 
time) on the due date thereof at the 
office of 
the Administrative 
Agent in 
Chicago, Illinois 
(or such 
other location 
as the 
Administrative 
Agent 
may 
designate 
to 
the 
Borrower), 
for 
the 
benefit 
of 
the 
Lender(s) 
or 
L/C Issuer 
entitled 
thereto. 
Any 
payments 
received 
after 
such 
time 
shall 
be 
deemed 
to 
have 
been 
received 
by 
the 
Administrative Agent on 
the next Business 
Day. 
All such payments 
shall be made 
in U.S. Dollars, 
in 
immediately 
available 
funds 
at 
the 
place 
of 
payment, 
in 
each 
case 
without 
set-off 
or 
counterclaim. 
The Administrative 
Agent will 
promptly thereafter 
cause to 
be distributed 
like funds 
relating 
to 
the payment 
of 
principal or 
interest 
on Loans 
and on 
Reimbursement 
Obligations 
in 
which 
the 
Lenders 
have 
purchased 
Participating 
Interests 
ratably 
to 
the 
Lenders 
and 
like 
funds 
relating to the payment of any 
other amount payable to any 
Lender to such Lender, in each case to 
be applied in accordance 
with the terms of 
this Agreement. 
Unless the Administrative Agent 
shall 

-65-
have 
received 
notice 
from 
the 
Borrower 
prior 
to 
the 
date 
on 
which 
any 
payment 
is 
due 
to 
the 
Administrative Agent 
for the 
account of 
the Lenders 
or the 
L/C Issuers 
hereunder that 
the Borrower 
will not 
make such payment, 
the Administrative 
Agent may 
assume that 
the Borrower has 
made 
such payment 
on such 
date in 
accordance herewith 
and may, 
in reliance 
upon such 
assumption, 
distribute to the Lenders 
or the L/C Issuers, 
as the case may be, 
the amount due. 
With respect to 
any payment that 
the Administrative Agent 
makes to any 
Lender, L/C Issuer or 
other secured party 
hereunder as 
to which 
Administrative Agent 
determines (in 
its sole 
and absolute 
discretion) that 
any 
of 
the 
following 
applies 
(such 
payment 
referred 
to 
as 
the 
“Rescindable 
Amount”
): 
(1) 
the 
Borrowers have not in fact made the 
corresponding payment to the Administrative Agent; (2) 
the 
Administrative 
Agent 
has 
made 
a 
payment 
in 
excess 
of 
the 
amount(s) 
received 
by 
it 
from 
the 
Borrowers 
either 
individually 
or 
in 
the 
aggregate 
(whether 
or 
not 
then 
owed); 
or 
(3) 
the 
Administrative Agent has for any reason otherwise erroneously made such payment; then each of 
the 
Lenders, 
the 
L/C 
Issuer 
and 
the 
other 
Affiliates 
of 
the 
Lenders 
that 
are 
secured 
parties 
hereunder 
severally 
agrees 
to 
repay 
to 
the 
Administrative 
Agent 
forthwith 
on 
demand 
the 
Rescindable Amount 
so distributed 
to such 
Person, in 
immediately available 
funds with 
interest 
thereon, for each day from and including the date such amount is distributed to it 
to but excluding 
the date 
of payment 
to the 
Administrative Agent, 
at the 
greater of 
the Federal 
Funds Rate 
and a 
rate 
determined 
by 
the 
Administrative 
Agent 
in 
accordance 
with 
banking 
industry 
rules 
on 
interbank compensation.
Section 5.2. 
Non-Business 
Days. 

Subject 
to 
the 
definition 
of 
Interest 
Period, 
if 
any 
payment hereunder becomes due and payable 
on a day which is not 
a Business Day, 
the due date 
of 
such 
payment 
shall 
be 
extended 
to 
the 
next 
succeeding 
Business 
Day 
on 
which 
date 
such 
payment shall 
be due 
and payable. 
In the 
case of 
any payment 
of principal 
falling due 
on a 
day 
which 
is 
not a 
Business 
Day, 
interest 
on 
such 
principal 
amount 
shall 
continue 
to 
accrue during 
such extension 
at the 
rate per 
annum then 
in effect, which 
accrued amount 
shall be due 
and payable 
on the next scheduled date for the payment of interest. 
 
Section 5.3. 
Payments Set 
Aside
. 
To 
the extent 
that any 
payment by 
or on 
behalf of 
the 
Borrower 
or 
any 
other 
Loan 
Party 
is 
made 
to 
the 
Administrative 
Agent, 
any 
L/C 
Issuer 
or 
any 
Lender, 
or the 
Administrative Agent, 
any L/C 
Issuer or 
any Lender 
exercises its 
right of 
setoff, 
and such 
payment or 
the proceeds 
of such 
setoff or 
any part 
thereof is 
subsequently invalidated, 
declared to 
be fraudulent 
or preferential, 
set aside 
or required 
(including pursuant 
to any 
settlement 
entered into by 
the Administrative Agent, 
such L/C Issuer 
or such Lender 
in its discretion) 
to be 
repaid to 
a trustee, 
receiver or 
any other 
party, in connection 
with any 
proceeding under 
any Debtor 
Relief 
Law 
or 
otherwise, 
then 
(a) to 
the 
extent 
of 
such 
recovery, 
the 
obligation 
or 
part 
thereof 
originally intended to be satisfied shall be revived and continued in full force and effect as if such 
payment had 
not been 
made or 
such setoff 
had not 
occurred, and 
(b) each Lender 
and each 
L/C 
Issuer 
severally 
agrees 
to 
pay 
to 
the 
Administrative 
Agent 
upon 
demand 
its 
applicable 
share 
(without 
duplication) 
of 
any 
amount 
so 
recovered 
from 
or 
repaid 
by 
the 
Administrative 
Agent, 
plus interest thereon from the date 
of such demand to the date 
such payment is made at a rate 
per 
annum equal to the greater of the Federal Funds Rate and a rate determined by the Administrative 
Agent in accordance with banking industry rules on interbank compensation for each such day. 
 
Section 5.4. 
Account 
Debit
. 
The 
Borrower 
hereby 
irrevocably 
authorizes 
the 
Administrative Agent, upon at least two (2) business days prior notice to Borrower, to charge any 

-66-
of 
the 
Borrower’s 
deposit 
accounts 
maintained 
with 
the 
Administrative 
Agent 
for 
the 
amounts 
from 
time 
to 
time 
necessary 
to 
pay 
any 
then 
due 
Obligations; 
provided
 
that
the 
Borrower 
acknowledges and agrees that 
the Administrative Agent shall 
not be under an 
obligation to do so 
and the Administrative Agent shall not incur any liability to the Borrower or any other Person for 
the Administrative Agent’s failure to do so. 
S
ECTION
 
6. 
R
EPRESENTATIONS 
AND 
W
ARRANTIES
. 
Each Loan Party 
represents and warrants 
to the Administrative 
Agent and the 
Lenders as 
follows: 
Section 6.1. 
Organization and Qualification
. 
Each Loan Party is duly organized, validly 
existing, 
and 
in 
good 
standing 
as 
a 
corporation, 
limited 
liability 
company, 
or 
partnership, 
as 
applicable, under the laws of the jurisdiction in which it is organized, has the authority and power 
to own its Property and 
conduct its business as now 
conducted, and is duly qualified 
and in good 
standing in 
each jurisdiction 
in which 
the nature 
of the 
business conducted 
by it 
or the 
nature of 
the Property 
owned or 
leased by 
it requires 
such qualifying, 
except where 
the failure 
to do 
so would 
not have a Material Adverse Effect. 
Section 6.2. 
Subsidiaries
. 
Each 
Subsidiary 
that 
is 
not 
a 
Loan 
Party 
is 
duly 
organized, 
validly existing, and 
in good standing 
under the laws 
of the jurisdiction 
in which it 
is organized, 
has the authority and power to own 
its Property and conduct its business as now 
conducted, and is 
qualified and in 
good standing in 
each jurisdiction in 
which the nature of 
the business conducted 
by it or the nature 
of the Property owned 
or leased by it requires 
such qualifying, except where the 
failure 
to do 
so would 
not 
have a 
Material 
Adverse Effect. 
Schedule 6.2 hereto 
identifies 
each 
Subsidiary (including 
Subsidiaries that 
are Loan 
Parties), the 
jurisdiction of 
its organization, 
the 
percentage 
of 
issued 
and 
outstanding 
shares 
of 
each 
class 
of 
its 
capital 
stock 
or 
other 
equity 
interests 
owned 
by 
any 
Loan 
Party 
and 
its 
Subsidiaries 
and, 
if 
such 
percentage 
is 
not 
100% 
(excluding 
directors’ 
qualifying 
shares 
as 
required 
by 
law), 
a 
description 
of 
each 
class 
of 
its 
authorized capital 
stock and 
other equity 
interests and 
the number 
of shares 
of each 
class issued 
and outstanding. 
All of the 
outstanding shares of 
capital stock and 
other equity interests 
of each 
Subsidiary are validly issued and 
outstanding and fully paid and 
nonassessable and all such shares 
and other 
equity interests 
indicated on 
Schedule 6.2 as 
owned by 
the relevant 
Loan Party 
or another 
Subsidiary are owned, beneficially and of record, by such Loan Party or 
such Subsidiary free and 
clear of all Liens otherwise permitted by this Agreement. 
There are no outstanding commitments 
or 
other 
obligations 
of 
any 
Subsidiary 
to 
issue, 
and 
no 
options, 
warrants 
or 
other 
rights 
of 
any 
Person 
to 
acquire, 
any 
shares 
of 
any 
class 
of 
capital 
stock 
or 
other 
equity 
interests 
of 
any 
Subsidiary. 
Section 6.3. 
Authority 
and 
Validity 
of 
Obligations
. 
Each 
Loan 
Party 
has 
the 
right 
and 
authority to enter into this 
Agreement and the other Loan 
Documents executed by it, to 
make the 
borrowings herein provided 
for (in the 
case of the 
Borrower), to guarantee 
the Secured Obligations 
(in the 
case of 
each Guarantor), 
to grant 
to the 
Administrative Agent 
the Liens 
described in 
the 
Collateral Documents executed 
by such Loan 
Party, and to perform all 
of its obligations 
hereunder 
and under the other Loan Documents executed by it. 
The Loan Documents delivered by the Loan 
Parties and their Subsidiaries have been duly authorized, executed, and delivered by such Persons 

-67-
and constitute 
valid and 
binding obligations 
of such 
Loan Parties 
and their 
Subsidiaries enforceable 
against each 
of them 
in accordance 
with their 
terms, except 
as enforceability 
may be 
limited by 
bankruptcy, insolvency, fraudulent conveyance or 
similar laws 
affecting creditors’ rights 
generally 
and 
general 
principles 
of 
equity 
(regardless 
of 
whether 
the 
application 
of 
such 
principles 
is 
considered in a 
proceeding in equity 
or at law); 
and this Agreement 
and the other 
Loan Documents 
do not, nor does the performance 
or observance by any Loan 
Party or any Subsidiary of any 
of the 
matters and things herein or therein provided 
for, (a) contravene or constitute 
a default under any 
provision of law or any judgment, injunction, order or decree 
binding upon any Loan Party or any 
Subsidiary 
of 
a 
Loan 
Party 
or 
any 
provision 
of 
the 
organizational 
documents 
(
e.g.,
 
charter, 
certificate 
or 
articles 
of 
incorporation 
and 
by-laws, 
certificate 
or 
articles 
of 
association 
and 
operating 
agreement, 
partnership 
agreement, 
or 
other 
similar 
organizational 
documents) 
of 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party, 
(b) contravene 
or 
constitute 
a 
default 
under 
any 
covenant, indenture or agreement 
of or affecting any 
Loan Party or 
any Subsidiary of 
a Loan Party 
or any of their respective Property, in each case where such contravention or default, individually 
or in the aggregate, could 
reasonably be expected to have 
a Material Adverse Effect, 
or (c) result 
in the creation or imposition 
of any Lien on any 
Property of any Loan Party 
or any Subsidiary of 
a 
Loan 
Party other 
than the 
Liens granted 
in favor 
of the 
Administrative Agent 
pursuant 
to the 
Collateral Documents. 
Section 6.4. 
Use of Proceeds; Margin 
Stock
. 
The Borrower shall use the proceeds of the 
Revolving Facility to 
finance Capital Expenditures, 
to finance Permitted 
Acquisitions and for 
its 
general working 
capital purposes 
and for 
such other 
legal and 
proper purposes 
as are 
consistent 
with 
all 
applicable 
laws 
and 
to 
pay 
certain 
fees 
and 
expenses 
associated 
with 
closing 
of 
this 
Agreement. 
No Loan 
Party 
nor any 
of its 
Subsidiaries is 
engaged in 
the business 
of extending 
credit for the 
purpose of purchasing or 
carrying margin stock (within 
the meaning of 
Regulation U 
of the 
Board of 
Governors of 
the Federal 
Reserve System), 
and no 
part of the 
proceeds of 
any Loan 
or any other extension of 
credit made hereunder will be 
used to purchase or 
carry any such margin 
stock or to 
extend credit to 
others for the 
purpose of purchasing 
or carrying any 
such margin stock. 

Margin stock (as hereinabove 
defined) constitutes less than 25% 
of the assets of the Loan 
Parties 
and 
their 
Subsidiaries 
which 
are 
subject 
to 
any 
limitation 
on 
sale, 
pledge 
or 
other 
restriction 
hereunder. 
Section 6.5. 
Financial Reports
. 
The consolidated 
balance sheet 
of the 
Borrower and 
its 
Subsidiaries 
as 
of 
May 
29, 
2021, 
and 
the 
related 
consolidated 
statements 
of 
operations, 
comprehensive 
income 
(loss), 
stockholder’s 
equity 
and 
cash 
flows 
of 
the 
Borrower 
and 
its 
Subsidiaries 
for 
the 
fiscal 
year 
then 
ended, 
and 
accompanying 
notes 
thereto, 
which 
financial 
statements are accompanied 
by the audit 
report of Frost, 
PLLC, independent public 
accountants, 
and the 
unaudited interim 
consolidated balance 
sheet of 
the Borrower 
and its 
Subsidiaries as 
of 
August 
28, 
2021, 
and 
the 
related 
consolidated 
statements 
of 
operations, 
comprehensive 
income(loss), 
shareholder’s 
equity 
and 
cash 
flows 
of 
the 
Borrower 
and 
its 
Subsidiaries
for 
the 
three (3) months 
then ended, 
heretofore furnished 
to the 
Administrative Agent 
and the 
Lenders, 
fairly present in all 
material respects the consolidated 
financial condition of the 
Borrower and its 
Subsidiaries
at said 
dates and 
the consolidated 
results of 
their operations 
and cash 
flows for 
the 
periods then ended in conformity with 
GAAP applied on a consistent basis. 
Neither the Borrower
nor any of its Subsidiaries has 
contingent liabilities which are material to 
it other than as indicated 

-68-
on such 
financial statements 
or, with respect 
to future 
periods, on 
the financial 
statements furnished 
pursuant to Section 8.5. 

Section 6.6. 
No Material Adverse 
Change. 

Since May 29, 
2021, there has 
been no change 
in the condition (financial 
or otherwise) or business 
prospects of any 
Loan Party or any 
Subsidiary 
of 
a 
Loan 
Party except 
those 
occurring 
in 
the ordinary 
course 
of 
business or 
as disclosed 
in its 
filings with the SEC, none of which 
individually or in the aggregate could 
reasonably be expected 
to have a Material Adverse Effect. 

Section 6.7. 
Full 
Disclosure
. 
The 
statements 
and 
information 
furnished 
to 
the 
Administrative Agent 
and the 
Lenders in 
connection with 
the negotiation 
of this 
Agreement and 
the 
other 
Loan 
Documents 
and 
the 
commitments 
by 
the 
Lenders 
to 
provide 
all 
or 
part 
of 
the 
financing contemplated 
hereby do 
not contain 
any untrue 
statements of 
a material 
fact or 
omit a 
material fact necessary 
to make the 
material statements contained 
herein or therein 
not misleading, 
the Administrative 
Agent and the 
Lenders acknowledging that 
as to 
any projections furnished 
to 
the 
Administrative 
Agent 
and 
the 
Lenders, 
the 
Loan 
Parties 
only 
represent 
that 
the 
same 
were 
prepared on 
the basis 
of information and 
estimates the 
Loan Parties 
believed to 
be reasonable in 
light of 
the then 
existing conditions. 
The Administrative 
Agent and 
Lenders recognize 
that any 
projections are 
not to 
be viewed 
as facts 
and that 
the actual 
results during 
the period 
or periods 
covered by such projections may vary from such 
projections. 
Notwithstanding the foregoing, it is 
understood and agreed 
that the periodic 
reports and other 
information of Borrower 
filed with the 
SEC pursuant 
to Section 
13 of 
the Exchange 
Act speak 
as of 
the date 
of such 
reports or 
other filings 
and not of any 
subsequent time and, therefore, 
the representation set forth 
in the first sentence 
of 
this paragraph is applicable to the information contained in such reports or other filings only 
as of 
the date 
of such 
reports or 
other filings. 
Additionally, 
notwithstanding anything 
to the 
contrary 
contained 
herein, 
the 
representation 
in 
the 
first 
sentence 
of 
this 
paragraph 
shall 
not 
apply 
to 
forward-looking information contained in the filings made by Borrower with the SEC pursuant to 
Section 13 
of 
the 
Exchange 
Act, 
and 
the 
Borrowers 
shall 
have 
no 
liability 
with 
respect 
to 
such 
forward-looking information, except to the 
extent that Borrower would have 
liability to investors 
in its 
public securities 
under the 
Exchange Act 
after the 
application of 
Section 21E 
of the 
Exchange 
Act. 
Section 6.8. 
Trademarks, 
Franchises, 
and 
Licenses
. 
The 
Loan 
Parties 
and 
their 
Subsidiaries 
own, 
possess, 
or 
have 
the 
right 
to 
use 
all 
necessary 
patents, 
licenses, 
franchises, 
trademarks, 
trade 
names, 
trade 
styles, 
copyrights, 
trade 
secrets, 
know 
how, 
and 
confidential 
commercial 
and 
proprietary 
information 
to 
conduct 
their 
businesses 
as 
now conducted, 
without 
known conflict 
with any 
patent, license, 
franchise, trademark, 
trade name, 
trade style, 
copyright 
or other proprietary right of any other Person. 
Section 6.9. 
Governmental 
Authority 
and 
Licensing. 
 
The 
Loan 
Parties 
and 
their 
Subsidiaries 
have 
received 
all 
licenses, 
permits, 
and 
approvals 
of 
all 
federal, 
state, 
and 
local 
governmental 
authorities, 
if 
any, 
necessary 
to 
conduct 
their 
businesses, 
in 
each 
case 
where 
the 
failure to 
obtain or 
maintain the 
same could 
reasonably be 
expected to 
have a 
Material Adverse 
Effect. 
No 
investigation 
or 
proceeding 
which, 
if 
adversely 
determined, 
could 
reasonably 
be 
expected to result in revocation 
or denial of any 
material license, permit or approval 
is pending or, 
to the knowledge of any Loan Party, threatened in writing.

-69-
Section 6.10. 
Good Title
. 
The Borrower and 
its Subsidiaries have 
good and defensible 
title 
(or valid 
leasehold interests) 
to their 
assets as 
reflected on 
the most 
recent consolidated 
balance 
sheet of the Borrower and its Subsidiaries 
furnished to the Administrative Agent and the 
Lenders 
(except for sales of assets in 
the ordinary course of business), subject 
to no Liens other than such 
thereof as are permitted by Section 8.8. 

Section 6.11. 
Litigation 
and 
Other 
Controversies. 

Except 
as 
set 
forth 
in 
Schedule 
6.11, 
there is no litigation 
or governmental or arbitration proceeding 
or labor controversy pending, 
nor 
to 
the 
knowledge 
of 
any 
Loan 
Party 
threatened, 
against 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan Party 
or any 
of their 
respective Property 
which if 
adversely determined, 
individually or 
in 
the aggregate, could reasonably be expected to have a Material Adverse Effect. 
Section 6.12. 
Taxes
. 
All federal and material state, local, and foreign Tax returns required 
to be filed 
by any Loan 
Party or any 
Subsidiary of a 
Loan Party in 
any jurisdiction have, 
in fact, 
been filed, and 
all Taxes 
upon any Loan 
Party or any 
Subsidiary of a 
Loan Party or 
upon any of 
their respective 
Property, 
income or 
franchises, which 
are shown 
to be 
due and 
payable in 
such 
returns, 
have 
been 
paid, 
except 
such Taxes, 
if 
any, 
as 
are 
being 
contested 
in 
good 
faith 
and 
by 
appropriate proceedings 
which prevent 
enforcement of 
the matter 
under contest 
and as 
to which 
adequate 
reserves 
established 
in 
accordance 
with 
GAAP 
have 
been 
provided. 
No 
Loan 
Party 
knows of any proposed additional 
Tax assessment against it or its Subsidiaries for which 
adequate 
provisions in accordance with GAAP have 
not been made on their 
accounts. 
Adequate provisions 
in accordance with GAAP for Taxes 
on the books of each Loan Party and each of its Subsidiaries 
have been made for all open years, and for its current fiscal period. 
Section 6.13. 
Approvals
. 
No authorization, 
consent, license 
or exemption 
from, or 
filing 
or 
registration 
with, 
any 
court 
or 
governmental 
department, 
agency 
or 
instrumentality, 
nor 
any 
approval or consent of any other Person, is or will be necessary to the valid execution, delivery or 
performance by any Loan Party or any Subsidiary of a Loan Party of any Loan Document, except 
for (i) such approvals which have been obtained prior to the date of this Agreement and remain in 
full force and effect 
and (ii) filings which are necessary 
to perfect the security interests 
under the 
Collateral Documents. 
Section 6.14. 
Affiliate Transactions 
. 

No Loan 
Party nor 
any of 
its Subsidiaries 
is a 
party 
to any 
contracts or 
agreements with 
any of 
its Affiliates 
on terms 
and conditions 
which are 
less 
favorable 
to 
such 
Loan Party 
or 
such Subsidiary 
than 
would 
be 
usual 
and 
customary 
in 
similar 
contracts or agreements between Persons not affiliated with each other.
Section 6.15. 
Investment 
Company. 

No 
Loan 
Party 
nor 
any 
of 
its 
Subsidiaries 
is 
an 
“investment 
company” 
or 
a 
company 
“controlled” 
by 
an 
“investment 
company” 
within 
the 
meaning of the Investment Company Act of 1940, as amended. 

 
Section 6.16. 
ERISA
. 
Except as 
would not 
reasonably be 
expected to 
result in 
a Material 
Adverse Effect, 
each Loan Party 
and each other 
member of its 
Controlled Group has 
fulfilled its 
obligations under the minimum funding standards of 
and is in compliance in all material 
respects 
with ERISA 
and the 
Code to 
the extent 
applicable to 
it and 
has not 
incurred any 
liability to 
the 
PBGC or a 
Plan under Title 
IV of ERISA 
other than a 
liability to the 
PBGC for premiums 
under 

-70-
Section 4007 
of 
ERISA. 
Except 
as 
would 
not 
reasonably 
be 
expected 
to 
result 
in 
a 
Material 
Adverse Effect, no Loan Party or any 
of its Subsidiaries has any contingent liabilities 
with respect 
to any post-retirement 
benefits under a 
Welfare Plan, other than 
liability for continuation 
coverage 
described in article 6 of Title I of ERISA. 
Section 6.17. 
Compliance 
with 
Laws
. 
(a) The 
Loan 
Parties 
and 
their 
Subsidiaries 
are 
in 
compliance with all 
Legal Requirements applicable 
to or pertaining 
to their Property 
or business 
operations, where any such non-compliance, individually or in the 
aggregate, could reasonably be 
expected to have a Material Adverse Effect. 

 
(b) 
Except for such matters, individually 
or in the aggregate, which could 
not reasonably 
be expected 
to result 
in a 
Material Adverse 
Effect, 
the Loan 
Parties represent 
and warrant 
that: 

(i) the Loan 
Parties and 
their Subsidiaries, 
and each 
of the 
Premises, comply 
in all 
material respects 
with all applicable 
Environmental Laws; (ii) the 
Loan Parties and 
their Subsidiaries have 
obtained, 
maintain 
and 
are 
in 
compliance 
with 
all 
approvals, 
permits, 
or 
authorizations 
of 
Governmental 
Authorities required for their operations 
and each of the Premises; 
(iii) the Loan Parties and their 
Subsidiaries have not, and no Loan Party has knowledge 
of any other Person who has, caused any 
Release, threatened Release or disposal of any Hazardous Material or any other waste or product, 
including manure, 
at, on, 
or from 
any of 
the Premises 
in violation 
of any 
Environmental Laws; 
(iv) the Loan Parties and their Subsidiaries are not subject to and have not received written notice 
of any material Environmental Claim involving any Loan Party or 
any Subsidiary of a Loan Party 
or any of the Premises, and, to the knowledge of the Loan Parties and their Subsidiaries, there are 
no conditions or occurrences 
at any of 
the Premises which could 
reasonably be anticipated to 
form 
the 
basis 
for 
such 
a 
material 
Environmental 
Claim; 
(v) none 
of 
the 
Premises 
contain 
and 
have 
contained any sites 
on or nominated 
for the National 
Priority List or 
similar state list; 
(vi) the Loan 
Parties 
and 
their 
Subsidiaries 
have 
conducted 
no 
Hazardous 
Material 
Activity 
at 
any 
of 
the 
Premises 
except in 
compliance with 
Environmental Laws; 
(vii) except for 
permits, licenses 
and 
other 
legal 
requirements 
required 
in 
the 
ordinary 
course 
of 
business 
none 
of 
the 
Premises 
are 
subject to any, 
and no Loan 
Party has knowledge 
of any imminent, 
restriction on the 
ownership, 
occupancy, 
use or 
transferability of 
the Premises in 
connection with 
any (1) Environmental 
Law 
or 
(2) Release, 
threatened 
Release 
or 
disposal 
of 
a 
Hazardous 
Material, 
waste 
or 
product; 
and 
(viii) the 
Loan 
Parties 
and 
their 
Subsidiaries 
have 
no 
knowledge 
of 
any 
material 
capital 
expenditures 
necessary 
to 
bring 
the 
Premises 
or 
their 
respective 
businesses 
or 
equipment 
into 
compliance with Environmental Laws. 

 
(c) 
Each 
Loan 
Party 
and 
each 
of 
its 
Subsidiaries 
is 
in 
material 
compliance 
with 
all 
Anti-Corruption Laws. 
To the knowledge of 
the Responsible 
Officers of the 
Loan Parties, 
no Loan 
Party 
nor 
any 
Subsidiary 
has 
made 
a 
payment, 
offering, 
or 
promise 
to 
pay, 
or 
authorized 
the 
payment of, money or anything of 
value (a) in order to assist 
in obtaining or retaining business for 
or 
with, 
or 
directing 
business 
to, 
any 
foreign 
official, 
foreign 
political 
party, 
party 
official 
or 
candidate 
for 
foreign 
political 
office, 
(b) to 
a 
foreign 
official, 
foreign 
political 
party 
or 
party 
official or any candidate for foreign political office, 
and (c) with the intent to induce the recipient 
to 
misuse 
his 
or 
her 
official 
position 
to 
direct 
business 
wrongfully 
to 
such 
Loan 
Party 
or 
such 
Subsidiary 
or 
to 
any 
other 
Person, 
in 
violation 
of 
any 
Anti-Corruption 
Laws, 
which 
could 
reasonably be expected to result in a Material Adverse Effect. 

-71-
Section 6.18. 
OFAC
. 
(a) Each Loan Party is 
in compliance in 
all material respects with 
the 
requirements of all 
OFAC 
Sanctions Programs applicable 
to it, (b) each 
Subsidiary of each Loan 
Party 
is 
in 
compliance 
in 
all 
material 
respects 
with 
the 
requirements 
of 
all 
OFAC 
Sanctions 
Programs applicable 
to such 
Subsidiary, 
(c) each Loan 
Party has 
provided to 
the Administrative 
Agent, 
the L/C 
Issuer, 
and 
the 
Lenders 
all 
information 
requested 
by 
them 
regarding 
such 
Loan 
Party and 
its Affiliates 
and Subsidiaries 
necessary for 
the Administrative 
Agent, the 
L/C Issuer, 
and the Lenders to 
comply with all applicable OFAC 
Sanctions Programs, and (d) no 
Loan Party 
nor any 
of its 
Subsidiaries nor, 
to the 
knowledge of 
any Loan 
Party, any officer, director 
or Affiliate 
of 
any 
Loan 
Party 
or 
any 
of 
its 
Subsidiaries, 
is 
a 
Person, 
that 
is, 
or 
is 
owned 
or 
controlled 
by 
Persons 
that 
are, 
(i) the 
target 
of 
any 
OFAC 
Sanctions 
Programs 
or 
(ii) located, 
organized 
or 
resident 
in 
a 
country 
or 
territory 
that 
is, 
or 
whose 
government 
is, 
the 
subject 
of 
any 
OFAC 
Sanctions Programs. 
Section
6.19.
Labor Matters. 

There are 
no strikes, 
lockouts or 
slowdowns against 
any Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
pending 
or, 
to 
the 
knowledge 
of 
any 
Loan 
Party, 
threatened. 
There are 
no collective 
bargaining 
agreements in 
effect 
between any 
Loan Party 
or 
any Subsidiary of a Loan Party and any 
labor union; and no Loan Party nor any 
of its Subsidiaries 
is 
under 
any 
obligation 
to 
assume 
any 
collective 
bargaining 
agreement 
to 
or 
conduct 
any 
negotiations with any labor union with respect to any future agreements. 
Each Loan Party and its 
Subsidiaries 
have 
remitted 
on 
a 
timely 
basis 
all 
amounts 
required 
to 
have 
been 
withheld 
and 
remitted 
(including 
withholdings 
from 
employee 
wages 
and 
salaries 
relating 
to 
income 
tax, 
employment 
insurance, 
and 
pension 
plan 
contributions), 
goods 
and 
services 
tax 
and 
all 
other 
amounts 
which 
if 
not 
paid 
when 
due 
could 
result 
in 
the 
creation 
of 
a 
Lien 
against 
any 
of 
its 
Property, 
except for 
Liens permitted 
by Section 8.8, 
or which 
would not 
reasonably be 
expected 
to result 
in a 
Material Adverse 
Effect or 
which are 
being contested 
in good 
faith by 
appropriate 
proceedings which prevent enforcement of any Lien with respect thereto.
Section 6.20. 
Other Agreements
. 
No Loan 
Party nor 
any of 
its Subsidiaries 
is in 
default 
under the terms of any covenant, 
indenture or agreement of or affecting 
such Person or any of its 
Property, which default 
if uncured 
could reasonably 
be expected 
to have 
a Material 
Adverse Effect. 

Section 6.21. 
Solvency
. 
The 
Loan 
Parties and 
their 
Subsidiaries 
are 
solvent, 
able 
to 
pay 
their 
debts 
as 
they 
become 
due, 
and 
have 
sufficient 
capital 
to 
carry 
on 
their 
business 
and 
all 
businesses in which they are about to engage. 
Section 6.22. 
No Default. 

No Default has occurred and is continuing.
Section 6.23. 
No Broker Fees. 

No broker’s or finder’s 
fee or commission will be 
payable 
with respect hereto 
or any of 
the transactions contemplated 
thereby; and the 
Loan Parties hereby 
agree to indemnify 
the Administrative Agent, 
the L/C Issuer, 
and the Lenders 
against, and agree 
that they will hold the 
Administrative Agent, the L/C Issuer, 
and the Lenders harmless from, 
any 
claim, demand, or liability for 
any such broker’s or 
finder’s fees alleged to 
have been incurred in 
connection herewith or therewith and 
any expenses (including reasonable attorneys’ 
fees) arising 
in connection with any such claim, demand, or liability.

-72-
S
ECTION
 
7. 
C
ONDITIONS 
P
RECEDENT
. 
Section 7.1. 
All Credit Events
. 
At the time of each Credit Event hereunder: 
 
(a) 
each of the 
representations and warranties 
set forth herein 
and in the 
other 
Loan 
Documents 
shall be 
and 
remain 
true 
and correct 
in 
all 
material 
respects 
as 
of said 
time (where 
not already 
qualified by 
materiality, 
otherwise in 
all respects), 
except to 
the 
extent 
the 
same 
expressly 
relate 
to 
an 
earlier 
date, 
in 
which 
case 
they 
shall 
be 
true 
and 
correct in all material respects (where not already qualified by materiality, otherwise in all 
respects) as of such earlier date; 
 
(b) 
no Default shall have occurred 
and be continuing or would 
occur as a result 
of such Credit Event; 

 
(c) 
after giving 
effect to 
such extension 
of credit 
the aggregate 
principal amount 
of 
all 
Swingline 
Loans, 
Revolving 
Loans 
and 
L/C 
Obligations 
outstanding 
under 
this 
Agreement shall not exceed the Revolving Credit Commitments; 

 
(d) 
in the case 
of a Borrowing 
the Administrative Agent 
shall have received 
the 
notice 
required 
by 
Section 2.6, 
in 
the 
case 
of 
the 
issuance 
of 
any 
Letter 
of 
Credit 
the 
L/C Issuer 
shall 
have 
received 
a 
duly 
completed 
Application 
for 
such 
Letter 
of 
Credit 
together with any 
fees called for 
by Section 3.1, and, 
in the case 
of an extension 
or increase 
in the 
amount of 
a Letter 
of Credit, 
a written 
request therefor 
in a 
form acceptable 
to the 
L/C Issuer together with fees called for by Section 3.1; and 
 
(e) 
such 
Credit 
Event 
shall 
not 
violate 
any 
order, 
judgment 
or 
decree 
of 
any 
court 
or 
other 
authority 
or 
any 
provision 
of 
law 
or 
regulation 
applicable 
to 
the 
Administrative 
Agent, 
the 
L/C Issuer 
or 
any 
Lender 
(including, 
without 
limitation, 
Regulation U of the Board of Governors of the Federal Reserve System) as then in effect. 
Each request 
for a 
Borrowing hereunder 
and each 
request for 
the issuance 
of, increase 
in 
the amount 
of, or 
extension of 
the expiration 
date of, 
a Letter 
of Credit 
shall be 
deemed to 
be a 
representation 
and 
warranty 
by 
the 
Borrower 
on 
the 
date 
on 
such 
Credit 
Event 
as 
to 
the 
facts 
specified in subsections (a) 
through (d), both 
inclusive, of this 
Section; 
provided, however, 
that the 
Lenders may continue to 
make advances under the 
Revolving Facility, in the sole discretion of 
the 
Lenders 
with 
Revolving 
Credit 
Commitments, 
notwithstanding 
the 
failure 
of 
the 
Borrower 
to 
satisfy one or more of 
the conditions set forth above 
and any such advances so 
made shall not be 
deemed a waiver of any Default or other condition set forth above that may then exist. 

Section 7.2. 
Initial Credit Event. 

Before or concurrently with the Initial Credit Event:
 
(a) 
the Administrative Agent 
shall have received 
this Agreement duly 
executed 
by 
the 
Borrower 
and 
its 
Wholly-owned 
Subsidiaries 
that 
are 
Domestic 
Subsidiaries, 
as 
Guarantors, the L/C Issuer, and the Lenders; 

-73-
 
(b) 
if requested 
by any 
Lender, 
the Administrative 
Agent shall 
have received 
for such Lender such Lender’s duly executed Notes 
of the Borrower dated the date hereof 
and otherwise in compliance with the provisions of Section 2.10; 
 
(c) 
the 
Administrative 
Agent 
shall 
have 
received 
the 
Reaffirmation, 
Modification and Omnibus 
Joinder Agreement dated 
as of the 
date hereof, duly 
executed 
by the 
Loan Parties, 
together with 
(i) UCC financing 
statements to 
be filed 
against each 
Loan 
Party, 
as 
debtor, 
in 
favor 
of 
the 
Administrative 
Agent, 
as 
secured 
party, 
and 
(ii) deposit 
account 
control 
agreements 
to 
the 
extent 
requested 
by 
the 
Administrative 
Agent; 

 
(d) 
the Administrative Agent shall 
have received evidence of 
insurance in form 
and substance satisfactory to the Administrative Agent; 
 
(e) 
the Administrative 
Agent shall 
have received 
copies of 
each Loan 
Party’s 
articles 
of 
incorporation 
and 
bylaws 
(or 
comparable 
organizational 
documents) 
and 
any 
amendments thereto, 
certified in 
each instance 
by its 
Secretary or 
Assistant Secretary 
(or 
comparable Responsible Officer); 
 
(f) 
the Administrative Agent shall 
have received copies of 
resolutions of each 
Loan 
Party’s 
Board 
of 
Directors 
(or 
similar 
governing 
body) 
authorizing 
the 
execution, 
delivery and performance of this 
Agreement and the other Loan Documents 
to which it is 
a 
party 
and 
the 
consummation 
of 
the 
transactions 
contemplated 
hereby 
and 
thereby, 
together with specimen signatures of 
the persons authorized to execute such 
documents on 
each 
Loan 
Party’s 
behalf, 
all 
certified 
in 
each 
instance 
by 
its 
Secretary 
or 
Assistant 
Secretary (or comparable Responsible Officer); 
 
(g) 
the 
Administrative 
Agent shall 
have received 
copies 
of the 
certificates 
of 
good standing for each 
Loan Party (dated no 
earlier than 30 days prior 
to the date hereof) 
from the office of the secretary of the state of its incorporation or organization; 
 
(h) 
the 
Administrative 
Agent 
shall 
have 
received 
a 
list 
of 
the 
Borrower’s 
Authorized Representatives, 
which may 
be included 
in the 
certificate of 
the Secretary 
or 
Assistant Secretary (or comparable Responsible Officer) referenced in Sections 7.1(e) and 
(f); 
 
(i) 
Reserved
; 
 
(j) 
the Administrative 
Agent shall 
have received 
the initial 
fees called 
for by 
Section 3.1; 
 
(k) 
each 
Lender 
shall 
have 
received 
(i) audited 
financial 
statements 
and 
unaudited monthly 
financial statements 
(including an 
income statement, 
a balance 
sheet, 
and a 
cash flow 
statement) of 
the Loan 
Parties for 
the prior 
3 years, 
including unaudited 
quarterly financial statements for the 
period ended August 28, 2021, 
and 5-year projected 
financial statements, certified to 
by a Financial Officer 
of the Borrower (and 
each Lender 

-74-
hereby acknowledges that it has received copies of each of the foregoing items); and (ii) a 
certificate from a Responsible Officer of the Borrower certifying that since May 29, 2021, 
no Material Adverse Effect has occurred; 
 
(l) 
the Administrative Agent shall have 
received financing statement, tax, and 
judgment 
lien 
search 
results 
against 
each 
Loan 
Party 
and 
its 
Property 
evidencing 
the 
absence of Liens thereon except as permitted by Section 8.8; 
 
(m) 
the Administrative Agent shall have received the favorable written opinion 
of 
counsel 
to 
each 
Loan 
Party, 
in 
form 
and 
substance 
satisfactory 
to 
the 
Administrative 
Agent; 

 
(n) 
each 
of 
the 
Lenders 
shall 
have 
received, 
sufficiently 
in 
advance 
of 
the 
Closing 
Date, 
all 
documentation 
and 
other 
information 
requested 
by 
any 
such 
Lender 
required 
by 
bank 
regulatory 
authorities 
under 
applicable 
“know 
your 
customer” 
and 
anti-money 
laundering 
rules 
and 
regulations, 
including 
without 
limitation, 
the 
United 
States 
Patriot 
Act 
(Title III 
of 
Pub. L. 107-56 
(signed 
into 
law 
October 26, 
2001)) 
including, 
without 
limitation, 
the 
information 
described 
in 
Section 13.24; 
and 
the 
Administrative Agent shall have received a fully executed Internal Revenue Service Form 
W-9 (or its equivalent) for the Borrower and each other Loan Party; 
 
(o) 
at least 
5 days 
prior to 
the Closing 
Date, any 
Borrower that 
qualifies as 
a 
“legal 
entity 
customer” 
under 
the 
Beneficial 
Ownership 
Regulation 
shall 
deliver 
a 
Beneficial Ownership Certification in relation to such Borrower; and 
 
(p) 
the 
Administrative 
Agent 
shall 
have 
received 
such 
other 
agreements, 
instruments, 
documents, 
certificates, 
and 
opinions 
as 
the 
Administrative 
Agent 
may 
reasonably request. 

S
ECTION
 
8. 
C
OVENANTS
. 
Each Loan Party agrees that, so long 
as any credit is available to or 
in use by the Borrower 
hereunder, 
except to 
the extent 
compliance in 
any case 
or cases 
is waived 
in writing 
pursuant to 
the terms of Section 13.3. 
Section 8.1. 
Maintenance of Business. 
 
(a) 
Each 
Loan 
Party 
shall, 
and 
shall 
cause 
each 
of 
its 
Subsidiaries 
to, 
preserve 
and 
maintain its 
existence, except 
as otherwise 
provided in 
Section 8.10(c); 
provided, 
however,
 
that 
nothing in this 
Section shall prevent the 
Borrower from dissolving any 
of its Subsidiaries 
if such 
action 
is, 
in 
the 
reasonable 
business 
judgment 
of 
the 
Borrower, 
desirable 
in 
the 
conduct 
of 
its 
business and is not disadvantageous in any material respect to the Lenders. 

 
(b) 
Each Loan Party shall, and 
shall cause each of its 
Subsidiaries to, preserve and keep 
in force 
and effect 
all licenses, 
permits, franchises, 
approvals, patents, 
trademarks, trade 
names, 

-75-
trade styles, copyrights, 
and other proprietary 
rights necessary 
to the proper 
conduct of its 
business 
where the failure to do so could reasonably be expected to have a Material Adverse Effect. 
 
Section 8.2. 
Maintenance of 
Properties. 

Each Loan 
Party shall, 
and shall 
cause each 
of 
its Subsidiaries to, maintain, preserve, and keep its property, 
plant, and equipment in good repair, 
working order and condition (ordinary wear and tear excepted), and shall from time to time make 
such repairs, renewals, replacements, additions, 
and betterments thereto as it deems 
appropriate in 
its reasonable business judgment so that the usefulness thereof shall be preserved 
and maintained, 
except to the extent that, 
in the reasonable business judgment of 
such Person, any such Property is 
no longer necessary for the proper conduct of the business of such Person.
Section 8.3. 
Taxes 
and Assessment
s. 
Each Loan Party 
shall duly pay and 
discharge, and 
shall cause each of its Subsidiaries to duly pay and discharge, 
all federal and material state, local, 
and 
foreign 
Taxes, 
rates, 
assessments, 
fees, 
and 
governmental 
charges 
upon 
or 
against 
it 
or 
its 
Property, 
in 
each 
case 
before 
the 
same 
become 
delinquent 
and 
before 
penalties 
accrue 
thereon, 
unless 
and 
to 
the 
extent 
that 
the 
same 
are 
being 
contested 
in 
good 
faith 
and 
by 
appropriate 
proceedings 
which 
prevent 
enforcement 
of 
the 
matter 
under 
contest 
and 
adequate 
reserves 
are 
provided therefor. 
Section 8.4. 
Insurance. 

Each Loan 
Party shall 
insure and 
keep insured, 
and shall 
cause 
each 
of 
its 
Subsidiaries 
to 
insure 
and 
keep 
insured, 
with 
good 
and 
responsible 
insurance 
companies, all insurable Property 
owned by it which 
is of a character 
usually insured by Persons 
similarly situated and 
operating like Properties 
against loss or 
damage from such 
hazards and risks 
(including 
flood 
insurance 
with 
respect 
to 
any 
improvements 
on 
real 
Property 
consisting 
of 
building or parking 
facilities in an 
area designated by 
a governmental body 
as having special 
flood 
hazards), 
and 
in 
such 
amounts 
and 
with 
such 
deductibles, 
as 
are 
insured 
by 
Persons 
similarly 
situated 
and 
operating 
like 
Properties, 
but 
in 
no 
event 
at 
any 
time 
in 
an 
amount 
less 
than 
the 
replacement value of the 
Collateral, subject to deductibles. 
Each Loan Party shall 
also maintain, 
and shall cause each of its Subsidiaries to maintain, insurance with respect to the business of such 
Loan 
Party 
and 
its 
Subsidiaries, 
covering 
commercial 
general 
liability, 
statutory 
worker’s 
compensation 
and 
occupational 
disease, 
statutory 
structural 
work 
act 
liability, 
and 
business 
interruption and such other 
risks with good and 
responsible insurance companies, in 
such amounts 
and on such terms as the 
Administrative Agent or the Required Lenders 
shall reasonably request, 
but in any event as and to the extent usually insured 
by Persons similarly situated and conducting 
similar businesses. 
The Loan Parties shall 
in any event maintain 
insurance on the Collateral 
to the 
extent 
required 
by 
the 
Collateral 
Documents. 
All 
such 
policies 
of 
insurance 
shall 
contain 
satisfactory mortgagee/lender’s loss payable 
endorsements, naming the Administrative Agent 
(or 
its security trustee) as mortgagee or 
a loss payee, assignee or additional insured, 
as appropriate, as 
its interest may 
appear, and showing 
only such 
other loss 
payees, assignees 
and additional insureds 
as are 
satisfactory 
to the 
Administrative 
Agent. 
Each policy 
of insurance 
or endorsement 
shall 
contain a clause 
requiring the insurer 
to give not 
less than thirty (30) 
days’ (ten (10) days’ in 
the 
case of 
nonpayment of 
insurance premiums) 
prior written 
notice to 
the Administrative 
Agent in 
the event of 
cancellation of the 
policy for any 
reason whatsoever. 
The Borrower shall 
deliver to 
the Administrative 
Agent (a) on 
the Closing 
Date and 
at such 
other times 
as the 
Administrative 
Agent 
shall 
reasonably 
request, 
certificates 
evidencing 
the 
maintenance 
of 
insurance 
required 
hereunder, 
(b) prior 
to 
the 
termination 
of 
any 
such 
policies, 
certificates 
evidencing 
the 
renewal 

-76-
thereof, and 
(c) promptly following 
request by 
the Administrative 
Agent, copies 
of all 
insurance 
policies 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries. 
The 
Borrower 
also 
agrees 
to 
deliver 
to 
the 
Administrative Agent, promptly 
as rendered, true 
copies of all 
reports made in 
any reporting forms 
to insurance companies. 
Section 8.5. 
Financial 
Reports. 

The 
Loan 
Parties 
shall, 
and 
shall 
cause 
each 
of 
their 
Subsidiaries to, 
maintain proper 
books of 
records and 
accounts reasonably 
necessary to 
prepare 
financial statements 
required to 
be delivered 
pursuant to 
this Section 
8.5 in 
accordance with 
GAAP 
and shall furnish to the Administrative Agent and each Lender:
 
(a) 
as soon as 
available, and in 
any event no 
later than 45 days 
after the last 
day 
of each 
fiscal quarter 
of each 
fiscal year 
of the 
Borrower, a copy 
of the 
consolidated balance 
sheet of the 
Borrower and its 
Subsidiaries
as of the last 
day of such fiscal 
quarter and the 
related consolidated statement 
of operations, comprehensive 
income (loss), shareholder’s 
equity, 
and cash 
flows of 
the Borrower 
and its 
Subsidiaries for 
the fiscal 
quarter and 
for 
the fiscal year-to-date period 
then ended, each 
in reasonable detail 
showing in comparative 
form the figures for the 
corresponding date and period in 
the previous fiscal year, prepared 
by the Borrower in accordance with GAAP (subject to the absence of footnote disclosures 
and year-end audit adjustments) and certified to by a Financial Officer of the Borrower; 
 
(b) 
as soon as 
available, and in 
any event no 
later than 90 days 
after the last 
day 
of 
each 
fiscal 
year 
of 
the 
Borrower, 
a 
copy 
of 
the 
consolidated 
balance 
sheet 
of 
the 
Borrower and its 
Subsidiaries as of 
the last day 
of the fiscal 
year then ended 
and the related 
consolidated statement of 
operations, comprehensive income 
(loss), shareholder’s 
equity, 
and 
cash 
flows 
of 
the 
Borrower 
and 
its 
Subsidiaries 
for 
the 
fiscal 
year 
then 
ended, 
and 
accompanying notes 
thereto, 
each 
in reasonable 
detail 
showing in 
comparative form 
the 
figures for the 
previous fiscal year, 
accompanied in the 
case of the 
consolidated financial 
statements by an 
unqualified opinion of 
Frost, PLLC or 
another firm of independent 
public 
accountants of recognized standing, 
selected by the Borrower 
and reasonably satisfactory 
to the 
Administrative Agent, 
to the 
effect that 
the consolidated 
financial statements 
have 
been 
prepared 
in 
accordance 
with 
GAAP 
and 
present 
fairly 
in 
all 
material 
respects 
in 
accordance 
with 
GAAP 
the 
consolidated 
financial 
condition 
of 
the 
Borrower 
and 
its 
Subsidiaries as 
of the 
close of 
such fiscal 
year and 
the results 
of their 
operations for 
the 
fiscal year 
then ended 
and that 
an examination 
of such 
accounts in 
connection with 
such 
financial 
statements 
has 
been 
made 
in 
accordance 
with 
generally 
accepted 
auditing 
standards and, accordingly, such examination 
included such tests 
of the accounting 
records 
and such other auditing procedures as were considered necessary in the circumstances; 

 
(c) 
promptly after receipt 
thereof, any additional 
written reports, management 
letters or other detailed information contained in writing concerning significant 
aspects of 
any Loan 
Party’s 
or any of 
its Subsidiary’s 
operations and 
financial affairs 
given to 
it by 
its independent public accountants; 
 
(d) 
promptly 
after 
the 
sending 
or 
filing 
thereof, 
copies 
of 
each 
financial 
statement, report, notice or proxy statement sent by any Loan Party or any Subsidiary of a 
Loan Party to its stockholders or other equity holders, and copies of each regular, periodic 

-77-
or special 
report, registration 
statement or 
prospectus (including 
all Form 
10-K, Form 
10-Q 
and Form 8-K reports) filed by any Loan 
Party or any Subsidiary of a Loan Party with 
any 
securities exchange or the SEC or any successor agency; 
 
(e) 
promptly after receipt thereof, a copy of any financial audit report made by 
any regulatory agency 
of the books 
and records of 
any Loan Party 
or any Subsidiary 
of a 
Loan Party that gives notice 
of any noncompliance with any 
applicable law, 
regulation or 
guideline relating to any 
Loan Party or any 
Subsidiary of a Loan 
Party or their respective 
business which could reasonably be expected to have a Material Adverse Effect; 

 
(f) 
as soon as available, and in any event no later than 45 days after 
the end of 
each 
fiscal 
year 
of 
the Borrower, 
a 
copy 
of 
the 
consolidated 
and 
consolidating 
business 
plan for the Borrower and its Subsidiaries for the following fiscal year, such business plan 
to show the 
projected consolidated and 
consolidating revenues, expenses 
and balance sheet 
of the Borrower and 
its Subsidiaries on a 
quarter-by-quarter basis, such business plan 
to be 
in 
reasonable 
detail 
prepared 
by 
the 
Borrower 
and 
in 
form 
satisfactory 
to 
the 
Administrative 
Agent 
(which 
shall 
include 
a 
summary 
of 
all 
assumptions 
made 
in 
preparing such business plan); 
 
(g) 
notice of any Change of Control; 

 
(h) 
promptly after 
knowledge thereof 
shall have 
come to 
the attention 
of any 
Responsible 
Officer 
of 
any 
Loan 
Party, 
written 
notice 
of 
(i) any 
threatened 
or 
pending 
litigation or governmental or arbitration proceeding or labor controversy against any Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
or 
any 
of 
their 
Property 
which, 
if 
adversely 
determined, could 
reasonably 
be expected 
to 
have a 
Material 
Adverse Effect 
and would 
require 
disclosure 
in 
a 
report 
to 
be 
filed 
with 
the 
SEC 
under 
the 
Exchange 
Act, 
(ii) the 
occurrence of any Material Adverse Effect, or (iii) the occurrence of any Default; 

 
(i) 
with each 
of the 
financial statements 
delivered pursuant 
to subsections (a) 
and 
(b) 
above, a 
written certificate 
in 
the form 
attached 
hereto 
as Exhibit 
E 
signed by 
a 
Financial Officer of the Borrower to the effect that to the best of such officer’s knowledge 
and belief no Default has occurred during the period covered by such statements or, if any 
such Default 
has occurred 
during such 
period, setting 
forth a 
description of 
such Default 
and 
specifying 
the 
action, 
if 
any, 
taken 
by 
the 
relevant 
Loan 
Party 
or 
its 
Subsidiary 
to 
remedy 
the 
same. 
Such 
certificate 
shall 
also 
set 
forth 
the 
calculations 
supporting 
such 
statements in respect of Section 8.22
(Financial Covenants); 

 
(j) 
Reserved
; and 
 
(k) 
promptly, 
from 
time 
to 
time, 
such 
other 
information 
regarding 
the 
operations, business affairs and financial condition of any Loan 
Party or any Subsidiary of 
a Loan Party, 
or compliance with the terms of any 
Loan Document, as the Administrative 
Agent or any Lender may reasonably request. 

-78-
Section 8.6. 
Inspection; Field Audits
. 
Each Loan Party 
shall, and shall 
cause each of 
its 
Subsidiaries 
to, 
permit 
the 
Administrative 
Agent 
and 
each 
Lender, 
and 
each 
of 
their 
duly 
authorized representatives and agents to 
visit and inspect any of 
its Property, corporate books, and 
financial records, to 
examine and make 
copies of its 
books of accounts 
and other financial 
records, 
and 
to 
discuss 
its 
affairs, 
finances, 
and 
accounts 
with, 
and 
to 
be 
advised 
as 
to 
the 
same 
by, 
its 
officers, 
employees and 
independent public 
accountants (and 
by this 
provision the 
Loan Parties 
hereby authorize such accountants to discuss with the Administrative Agent and such Lenders the 
finances 
and 
affairs 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries) 
at 
such 
reasonable 
times 
and 
intervals as the 
Administrative Agent or 
any such Lender 
may designate and, 
so long as 
no Default 
exists, 
with 
reasonable 
prior 
notice 
to 
the 
Borrower 
and 
compliance 
with 
the 
Borrower’s 
customary on-site policies 
applicable to visitors 
(bio-security, etc.). 
The Borrower shall 
pay to the 
Administrative Agent charges for field audits of the Collateral, 
inspections and visits to Property, 
inspections of 
corporate books 
and financial 
records, examinations 
and copies 
of books 
of accounts 
and financial record and 
other activities permitted in 
this Section performed by 
the Administrative 
Agent or 
its agents 
or third 
party firms, 
in such 
amounts as 
the Administrative 
Agent may 
from 
time 
to 
time 
request 
(the 
Administrative 
Agent 
acknowledging 
and 
agreeing 
that 
any 
internal 
charges 
for such 
audits and 
inspections 
shall 
be computed 
in the 
same manner 
as it 
at the 
time 
customarily uses 
for the 
assessment of 
charges for 
similar collateral 
audits); 
provided, 
however,
that in 
the absence 
of any 
Default, the 
Borrower shall 
not be 
required to 
pay the 
Administrative 
Agent for more than one (1) such audit per calendar year. 
Section 8.7.
Borrowings and Guaranties. 

No Loan Party shall, nor shall 
it permit any of 
its 
Subsidiaries 
to, 
issue, 
incur, 
assume, 
create 
or 
have 
outstanding 
any 
Indebtedness, 
or 
incur 
liabilities under any Hedging Agreement, or be or become liable as endorser, 
guarantor, surety or 
otherwise for any Indebtedness or undertaking of any Person, or otherwise agree to provide funds 
for payment 
of the 
obligations of 
another, 
or supply 
funds thereto 
or invest 
therein or 
otherwise 
assure a 
creditor of 
another against 
loss, or 
apply for 
or become 
liable to 
the issuer 
of a 
letter of 
credit which supports an obligation 
of another, or subordinate any claim or 
demand it may have to 
the claim 
or demand 
of any 
Person; 
provided, 
however,
 
that the 
foregoing shall 
not restrict 
nor 
operate to prevent:
 
(a) 
the Secured Obligations
of the Loan Parties and their Subsidiaries owing 
to 
the Administrative Agent and the Lenders (and their Affiliates); 
 
(b) 
purchase 
money 
indebtedness 
and 
Capitalized 
Lease 
Obligations 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries 
in 
an 
amount 
not 
to 
exceed 
$20,000,000 
in 
the 
aggregate at any one time outstanding; 
 
(c) 
obligations of the Loan Parties and their Subsidiaries arising out of interest 
rate, 
foreign 
currency, 
and 
commodity 
Hedging 
Agreements 
entered 
into 
with 
financial 
institutions 
in 
connection 
with 
bona 
fide 
hedging 
activities 
in 
the 
ordinary 
course 
of 
business and not for speculative purposes; 
 
(d) 
endorsement of 
items for 
deposit or 
collection of 
commercial paper 
received 
in the ordinary course of business; 

-79-
 
(e) 
intercompany advances from 
time to time 
owing between any 
of the Loan 
Parties and/or 
any of 
their Subsidiaries 
in the 
ordinary course 
of business, 
provided that 
the aggregate 
amount of 
all such 
intercompany advances 
made to 
Subsidiaries of 
a Loan 
Party that are not Loan Parties 
or Subsidiaries of a Loan Party that 
are not Wholly-owned 
Subsidiaries shall 
not exceed 
an aggregate 
amount of 
$20,000,000 during 
any fiscal 
year 
of the Borrower; 
 
(f) 
existing Indebtedness set forth on Schedule 8.7 hereto; 
 
(g) 
Indebtedness owed to 
any Person providing 
workers’ compensation, health, 
disability 
or 
other 
employee 
benefits 
(including 
contractual 
and 
statutory 
benefits) 
or 
property, 
casualty, 
liability 
or 
credit 
insurance, 
pursuant 
to 
reimbursement 
or 
indemnification obligations to such Person, in each case incurred in the ordinary course 
of 
business; 
 
(h) 
Indebtedness 
in 
respect 
of 
bids, 
trade 
contracts 
(other 
than 
for 
debt 
for 
borrowed money), leases (other 
than Capitalized Lease Obligations), 
statutory obligations, 
surety, 
stay, 
customs 
and 
appeal 
bonds, 
performance, 
performance 
and 
completion 
and 
return 
of 
money 
bonds, 
government 
contracts 
and 
similar 
obligations, 
in 
each 
case, 
provided in the ordinary course of business; 
 
(i) 
Indebtedness in respect of netting services, overdraft protection 
and similar 
arrangements, in each case, in connection with cash management and deposit accounts; 
 
(j) 
Indebtedness 
representing 
deferred 
compensation 
to 
directors, 
officers, 
employees of 
any Loan 
Party or 
any Subsidiary 
of a 
Loan Party 
incurred in 
the ordinary 
course of business; and 

 
(k) 
Indebtedness 
consisting 
of 
the 
financing 
of 
insurance 
premiums 
in 
the 
ordinary course of business; 

 
(l) 
Guarantees 
by 
a 
Loan 
Party 
of 
Indebtedness 
of 
another 
Loan 
Party 
otherwise permitted under this Section; 
 
(m) 
Indebtedness 
arising 
from 
agreements 
of 
a 
Loan 
Party 
or 
its 
Subsidiary 
providing 
for 
indemnification, 
adjustment 
of 
purchase 
or 
acquisition 
price 
or 
similar 
obligations, in each case, incurred or assumed in connection with a 
Permitted Acquisition; 

 
(n) 
Indebtedness 
of 
any 
Person 
that 
becomes 
a 
Subsidiary 
after 
the 
Closing 
Date and Indebtedness acquired or assumed in connection with Permitted Acquisitions, in 
an 
amount 
not 
to 
exceed 
$50,000,000 
in 
the 
aggregate 
at 
any 
one 
time 
outstanding, 
provided
 
that such 
Indebtedness exists 
at the 
time the 
Person becomes 
a Subsidiary 
or at 
the 
time 
of 
such 
Permitted 
Acquisition 
and 
is 
not 
created 
in 
contemplation 
of 
or 
in 
connection therewith; 

-80-
 
(o) 
replacements, 
renewals, 
re-financings 
or 
extensions 
of 
any 
Indebtedness 
described 
in 
this 
Section 
that 
(i) does 
not 
exceed 
the 
aggregate 
principal 
amount 
(plus 
accrued 
interest 
and 
applicable 
premium 
and 
associated 
fees 
and 
expenses) 
of 
the 
Indebtedness 
being 
replaced, 
renewed, 
refinanced 
or 
extended, 
(ii) 
does 
not 
have 
a 
weighted average life to maturity at the time 
of such replacement, renewal, refinancing or 
extension that is less 
than the weighted average life 
to maturity of the Indebtedness 
being 
replaced, 
renewed, 
refinanced 
or 
extended, 
and 
(iii) does 
not 
rank 
at 
the 
time 
of 
such 
replacement, renewal, refinancing or 
extension senior to the 
Indebtedness being replaced, 
renewed, refinanced or extended; 

 
(p) 
unsecured 
indebtedness 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries 
not 
otherwise 
permitted 
by 
this 
Section 
in 
an 
amount 
not 
to 
exceed 
$400,000,000 
in 
the 
aggregate at any one time outstanding; and 
 
(q) 
indebtedness secured by Property of the 
Loan Parties and their Subsidiaries 
(other than the 
Collateral) in an 
amount not to 
exceed $200,000,000 in 
the aggregate at 
any 
one time outstanding. 
Section 8.8. 
Liens. 

No 
Loan 
Party 
shall, 
nor 
shall 
it 
permit 
any 
of 
its 
Subsidiaries 
to, 
create, incur or 
permit to exist 
any Lien of 
any kind on 
any Property owned 
by any such 
Person; 
provided, however,
 
that the foregoing shall not apply to nor operate to prevent:
 
(a) 
Liens 
arising 
by 
statute 
in 
connection 
with 
worker’s 
compensation, 
unemployment insurance, old 
age benefits, social 
security obligations, Taxes, assessments, 
statutory obligations or 
other similar charges 
(other than Liens 
arising under ERISA), 
good 
faith cash deposits in connection with tenders, contracts or leases 
to which any Loan Party 
or any Subsidiary of 
a Loan Party is 
a party or other 
cash deposits required to be 
made in 
the 
ordinary 
course 
of 
business, 
provided 
in 
each 
case 
that 
the 
obligation 
is 
not 
for 
borrowed 
money 
and 
that 
the 
obligation 
secured 
is 
not 
overdue 
or, 
if 
overdue, 
is 
being 
contested 
in 
good 
faith 
by 
appropriate 
proceedings 
which 
prevent 
enforcement 
of 
the 
matter under contest and adequate reserves have been established therefor; 
 
(b) 
mechanics’, 
workmen’s, 
materialmen’s, 
landlords’, 
carriers’ 
or 
other 
similar Liens arising 
in the ordinary 
course of 
business with respect 
to obligations 
which 
are not 
due or 
which are 
being contested 
in good faith 
by appropriate 
proceedings which 
prevent enforcement of the matter under contest; 
 
(c) 
judgment 
liens 
and 
judicial 
attachment 
liens 
not 
constituting 
an 
Event 
of 
Default under Section 9.1(g) 
and the pledge 
of assets for 
the purpose of 
securing an appeal, 
stay or discharge in 
the course of 
any legal proceeding, 
provided that the 
aggregate amount 
of 
such 
judgment 
liens 
and 
attachments 
and 
liabilities 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries 
secured 
by 
a 
pledge 
of 
assets 
permitted 
under 
this 
subsection, 
including 
interest and penalties thereon, if any, shall not be in excess of 
$25,000,000 at any one time 
outstanding; 

-81-
 
(d) 
Liens on 
equipment of 
any Loan 
Party or 
any Subsidiary 
of a 
Loan Party 
created 
solely 
for 
the 
purpose 
of 
securing 
indebtedness 
permitted 
by 
Section 8.7(b), 
representing or 
incurred to 
finance the 
purchase price 
of such 
Property, 
provided that 
no 
such Lien 
shall extend 
to or 
cover other 
Property of 
such Loan 
Party or 
such Subsidiary 
other than 
the respective 
Property so 
acquired, and 
the principal 
amount of 
indebtedness 
secured by 
any such 
Lien shall 
at no 
time exceed 
the purchase 
price of 
such Property, 
as 
reduced by repayments of principal thereon; 
 
(e) 
any interest or 
title of a 
lessor under 
any operating lease, 
including the filing 
of Uniform 
Commercial Code 
financing statements 
solely as 
a precautionary 
measure in 
connection 
with 
operating 
leases 
entered 
into 
by 
any 
Loan Party 
or 
any 
Subsidiary 
of 
a 
Loan Party in the ordinary course of its business; 
 
(f) 
easements, rights-of-way, restrictions, 
zoning restrictions and other similar 
encumbrances against 
real property 
incurred in 
the ordinary 
course of 
business which, 
in 
the aggregate, are 
not substantial in 
amount and which 
do not materially 
detract from the 
value of 
the Property 
subject thereto 
or materially 
interfere with 
the ordinary 
conduct of 
the business of any Loan Party or any Subsidiary of a Loan Party; 

 
(g) 
bankers’ 
Liens, 
rights 
of 
setoff 
and 
other 
similar 
Liens 
(including 
under 
Section 4-210 
of 
the 
Uniform 
Commercial 
Code) 
in 
one 
or 
more 
deposit 
accounts 
maintained by any 
Loan Party or 
any Subsidiary of 
a Loan Party, 
in each case 
granted in 
the ordinary course of business in 
favor of the bank or banks 
with which such accounts are 
maintained, securing 
amounts owing 
to such 
bank with 
respect to 
cash management 
and 
operating 
account 
arrangements, 
including 
those 
involving 
pooled 
accounts 
and 
netting 
arrangements; 
provided
 
that, unless such Liens are non-consensual 
and arise by operation 
of law, 
in no case shall any such Liens 
secure (either directly or indirectly) the repayment 
of any Indebtedness; 
 
(h) 
Liens 
granted 
in 
favor 
of 
the 
Administrative 
Agent 
pursuant 
to 
the 
Collateral Documents. 
 
(i) 
non-exclusive 
licenses 
of 
intellectual 
property 
granted 
in 
the 
ordinary 
course of business and not interfering in any material respect with the ordinary conduct of 
business of any Loan Party or any Subsidiary of a Loan Party; 
 
(j) 
Liens on insurance policies and the proceeds thereof securing 
the financing 
of the premiums with respect thereto permitted by Section 8.7(k); 
 
(k) 
Liens 
(i) on 
cash 
advances 
in 
favor 
of 
the 
seller 
of 
any 
Property 
to 
be 
acquired 
in 
a 
Permitted 
Acquisition 
to 
be 
applied 
against 
the 
purchase 
price 
for 
such 
Property, 
or 
(ii) consisting 
of 
an 
agreement 
to 
dispose 
of 
any 
Property 
in 
a 
disposition 
permitted 
under 
Section 
8.10, 
in 
each 
case, 
solely 
to 
the 
extent 
such 
Acquisition 
or 
disposition, as the 
case may be, 
would have been 
permitted on the 
date of the 
creation of 
such Lien; 

-82-
 
(l) 
Liens on Property 
of a Person 
existing at the 
time such 
Person is acquired 
or merged 
with or 
into or 
consolidated with 
any Loan 
Party or 
any Subsidiary 
of a 
Loan 
Party to 
the extent 
permitted hereunder 
(and not 
created in 
anticipation or 
contemplation 
thereof) 
and 
securing 
Indebtedness 
permitted 
under 
Section 8.7(n); 
provided
 
that 
such 
Liens do not extend to Property not subject 
to such Liens at the time of acquisition and 
are 
no more favorable to the lienholders than such existing Lien; 
 
(m) 
Liens 
encumbering 
any 
Property 
(other 
than 
the 
Collateral) 
to 
secure 
or 
support obligations 
under or 
in respect 
of interest 
rate, foreign 
currency, 
and commodity 
Hedging Agreements entered 
into with financial 
institutions in connection 
with bona fide 
hedging activities in the ordinary course of business and not for speculative purposes; 

 
(n) 
other Liens existing on 
the Closing Date and 
not otherwise permitted above 
listed and identified on Schedule 8.8; 

 
(o) 
contracted 
or 
statutory 
liens 
of 
landlords 
to 
the 
extent 
relating 
to 
the 
property 
and 
assets 
relating 
to 
any 
lease 
agreement 
with 
such 
landlord 
and 
contractual 
Liens of suppliers (including sellers of goods) or customers granted in the ordinary course 
of business to the extent limited to the property or assets related to such contract; 
 
(p) 
Liens on Property of a Person (other than the Collateral) for the 
purpose of 
securing 
indebtedness 
permitted 
by 
Section 
8.7(q) 
and 
which 
do 
not 
encumber 
any 
Collateral; and 
 
(q) 
other 
Liens 
not 
otherwise 
permitted 
in 
subsections (a)-(p) 
above 
granted 
with 
respect 
to 
obligations 
that 
do 
not 
in 
the 
aggregate 
exceed 
$10,000,000 
at 
any 
time 
outstanding, and which do not encumber any Collateral.
Section 8.9. 
Investments, 
Acquisitions, 
Loans 
and 
Advances
. 
No 
Loan 
Party 
shall, 
nor 
shall it 
permit any 
of its 
Subsidiaries to, 
directly or 
indirectly, 
make, retain 
or have 
outstanding 
any investments 
(whether through 
purchase of 
stock or 
obligations or 
otherwise) in, 
or loans 
or 
advances to (other than for travel advances and other similar 
cash advances made to employees in 
the 
ordinary 
course 
of 
business), 
any 
other 
Person, 
or 
acquire 
all 
or 
any 
substantial 
part 
of 
the 
assets or 
business of 
any other 
Person or 
division thereof; 
provided, 
however,
 
that the 
foregoing 
shall not apply to nor operate to prevent: 
 
(a) 
Cash Equivalents and Marketable Securities; 
 
(b) 
the 
Loan 
Parties’ 
existing 
investments 
in 
their 
respective 
Subsidiaries 
outstanding on the Closing Date; 

 
(c) 
intercompany advances made from time to time between 
any Loan Party or 
Subsidiary of any Loan Party and any other Loan 
Party or Subsidiary of any Loan Party in 
the 
ordinary 
course 
of 
business, 
provided 
that 
the 
aggregate 
amount 
of 
all 
such 
intercompany advances made 
to Subsidiaries of 
a Loan Party 
that are not 
Loan Parties or 

-83-
Subsidiaries of 
a Loan 
Party that 
are not 
Wholly-owned Subsidiaries 
shall not 
exceed an 
aggregate amount of $20,000,000 during any fiscal year of the Borrower; 

 
(d) 
investments 
by 
any 
Loan 
Party 
and 
its 
Subsidiaries 
in 
connection 
with 
interest 
rate, 
foreign 
currency, 
and 
commodity 
Hedging 
Agreements 
entered 
into 
with 
financial institutions in connection with 
bona fide hedging activities in 
the ordinary course 
of business and not for speculative purposes; 
 
(e) 
promissory notes 
and other 
non-cash consideration 
received in connection 
with dispositions permitted by Section 8.10; 
 
(f) 
investments 
(including 
debt 
obligations 
and 
equity 
interests) 
received 
in 
connection 
with 
the 
bankruptcy 
or 
reorganization 
of 
suppliers 
and 
customers 
and 
in 
settlement of 
delinquent obligations 
of, and 
other disputes 
with, customers 
and suppliers 
arising 
in 
the 
ordinary 
course 
of 
business 
and 
upon 
the 
foreclosure 
with 
respect 
to 
any 
secured investment or other transfer of title with respect to any secured investment; 
 
(g) 
Permitted Acquisitions; 

 
(h) 
purchases of assets in the ordinary course of business; 
 
(i) 
deposits made in 
the ordinary course 
of business to 
secure performance of 
leases or other obligations as permitted by Section 8.8; 
 
(j) 
other 
investments 
existing 
on 
the 
Closing 
Date 
not 
otherwise 
permitted 
above and listed and identified on Schedule 8.9; 
 
(k) 
investments in joint 
ventures in 
an amount not 
to exceed $30,000,000 
at any 
time 
outstanding, 
provided 
that 
(i) no 
Default 
exists 
both 
immediately 
before 
and 
after 
giving effect to 
such investment, (ii) after 
giving pro forma effect 
to such investment, the 
Borrower and its Subsidiaries are in compliance with 
Section 8.22, and (iii) cash and Cash 
Equivalents 
of 
the 
Borrower 
and 
its 
Subsidiaries 
plus 
availability 
under 
the 
Revolving 
Facility shall equal at least $50,000,000; and 
 
(l) 
other 
investments, 
loans, 
and 
advances 
in 
addition 
to 
those 
otherwise 
permitted by this Section 
in an amount not 
to exceed $25,000,000 in 
the aggregate at any 
one time outstanding. 
In determining the amount of investments, 
acquisitions, loans, and advances permitted under 
this 
Section, investments and acquisitions shall always be taken 
at the original cost thereof (regardless 
of 
any 
subsequent 
appreciation 
or 
depreciation 
therein), 
less 
any 
amount 
in 
respect 
of 
such 
investment upon sale, 
collection or return 
(not to exceed 
the original cost 
thereof) and loans 
and 
advances shall be taken at the principal amount thereof then remaining unpaid. 
Section 8.10. 
Mergers, Consolidations and Sales. 

No Loan Party shall, nor shall it permit 
any 
of 
its 
Subsidiaries 
to, 
be 
a 
party 
to 
any 
merger 
or 
consolidation 
or 
amalgamation, 
or 
sell, 

-84-
transfer, 
lease 
or 
otherwise 
dispose 
of 
all 
or 
any 
material 
part 
of 
its 
Property, 
including 
any 
disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount 
(with 
or 
without 
recourse) 
any 
of 
its 
notes 
or 
accounts 
receivable; 
provided, 
however,
 
that 
this 
Section shall not apply to nor operate to prevent:
 
(a) 
the sale or lease of inventory in the ordinary course of business; 
 
(b) 
the sale, transfer, lease or 
other disposition of Property 
of any Loan Party 
to 
one another in the ordinary course of its business; 

 
(c) 
the merger 
of any 
Loan Party 
or any 
Subsidiary of 
a Loan 
Party with 
and 
into 
the 
Borrower 
or 
any 
other 
Loan 
Party, 
provided 
that, 
in 
the 
case 
of 
any 
merger 
involving 
the 
Borrower 
or 
involving 
a 
Subsidiary 
of 
a 
Loan 
Party 
which 
is 
not 
a 
Loan 
Party, 
the 
Borrower, 
if 
the 
Borrower 
is 
a 
party 
to 
the 
merger, 
or 
a 
Loan 
Party, 
if 
the 
Borrower is not a party to the merger, is the corporation surviving the merger; 
 
(d) 
the sale of delinquent notes 
or accounts receivable in the 
ordinary course of 
business 
for 
purposes 
of 
collection 
only 
(and 
not 
for 
the 
purpose 
of 
any 
bulk 
sale 
or 
securitization transaction); 
 
(e) 
the sale, transfer or other disposition of any 
tangible personal property that, 
in 
the 
reasonable 
business 
judgment 
of 
the 
relevant 
Loan 
Party 
or 
its 
Subsidiary, 
has 
become obsolete or worn out, and which is disposed of in the ordinary course of business; 

 
(f) 
the Disposition of Property 
of any Loan Party 
or any Subsidiary of 
a Loan 
Party (including 
any Disposition 
of Property 
as part 
of a 
sale and 
leaseback transaction) 
aggregating for 
all Loan Parties 
and their 
Subsidiaries not 
more than 
$30,000,000 during 
any fiscal year of 
the Borrower, 
provided
 
that (i) each such Disposition 
shall be made for 
fair 
value 
and (ii) 
at 
least 80% 
of 
the total 
consideration received 
at the 
closing 
of such 
Disposition shall consist of 
cash and at least 
80% of the total 
consideration received after 
taking 
into 
account 
all 
final 
purchase 
price 
adjustments 
and/or 
contingent 
payments 
(including working 
capital adjustment 
or earn-out 
provisions) expressly 
contemplated by 
the transaction documents, when received shall consist of cash; and 
 
(g) 
the sale or other Disposition of marketable securities in the ordinary course 
of business. 
Section 8.11. 
Maintenance of Subsidiaries. 

No Loan Party 
shall assign, 
sell or transfer, nor 
shall it permit any of 
its Subsidiaries to issue, assign, 
sell or transfer, any shares of capital 
stock or 
other equity 
interests of 
a Subsidiary; 
provided, 
however,
 
that the 
foregoing shall 
not operate 
to 
prevent 
(a) the 
issuance, 
sale, 
and 
transfer 
to 
any 
person 
of 
any 
shares 
of 
capital 
stock 
of 
a 
Subsidiary solely for the 
purpose of qualifying, and 
to the extent legally 
necessary to qualify, such 
person as 
a director 
of such 
Subsidiary, 
(b) any transaction 
permitted by 
Section 8.10(c) above, 
and (c) the 
issuance of 
shares of the 
Borrower’s capital 
stock pursuant to 
the Borrower’s 
KSOP, 
or (d) any Excluded Equity Issuances.

-85-
Section 8.12. 
Dividends and Certain Other Restricted Payments. 

No Loan Party shall, nor 
shall it 
permit any 
of its 
Subsidiaries to, 
(a) declare or 
pay any 
dividends on 
or make 
any other 
distributions in respect 
of any class 
or series of 
its capital stock 
or other equity 
interests (other than 
dividends or 
distributions payable 
solely in 
its capital 
stock or 
other equity 
interests), or 
(b) directly 
or indirectly purchase, 
redeem, or otherwise 
acquire or 
retire any of 
its capital stock 
or other equity 
interests or any warrants, options, or 
similar instruments to acquire the same 
(collectively referred 
to herein 
as 
“Restricted Payments”
); 
provided, 
however,
 
that the 
foregoing shall 
not operate 
to 
prevent:
 
(i) 
the making of 
dividends or distributions 
by any Subsidiary 
to the Borrower; 
 
(ii) 
other 
Restricted 
Payments 
made 
in 
compliance 
with 
the 
Borrower’s 
dividend 
policy 
as 
in 
effect 
on 
the 
Closing 
Date 
or 
any 
employee 
stock 
option 
plans 
or 
employee 
incentive 
plans 
or 
other 
compensation 
arrangements, 
or 
SAR 
plans; 
provided 
that no Default exists 
or will arise after 
giving effect to such 
other Restricted Payment; and 
 
(iii) 
other Restricted 
Payments, provided 
that, both 
immediately before 
and after 
giving effect to 
such Restricted Payment 
(A) no Default has 
occurred and 
is continuing 
and 
(B) the 
sum 
of 
cash 
and 
Cash 
Equivalents 
of 
the 
Borrower 
and 
its 
Subsidiaries 
plus 
availability under the Revolving Facility shall equal at least $50,000,000. 
Section 8.13. 
ERISA. 

Each Loan 
Party shall, 
and shall 
cause each 
of its 
Subsidiaries to, 
promptly pay 
and discharge 
all obligations 
and liabilities 
arising under 
ERISA of 
a character 
which 
if unpaid or 
unperformed could reasonably 
be expected to 
result in the 
imposition of a 
Lien against 
any of 
its Property, unless 
being contested 
in good 
faith by 
appropriate proceedings 
which prevents 
the enforcement of any Lien with 
respect thereto. 
Each Loan Party shall, and shall 
cause each of 
its 
Subsidiaries 
to, 
promptly 
notify 
the 
Administrative 
Agent 
and 
each 
Lender 
of: 
(a) the 
occurrence of 
any reportable 
event (as 
defined in 
ERISA) with 
respect to 
a Plan, 
which individually 
or in the 
aggregate, could reasonably 
be expected to 
result in a 
Material Adverse Effect, 
(b) receipt 
of any notice from the 
PBGC of its intention to 
seek termination of any Plan 
or appointment of a 
trustee therefor, (c) its intention to terminate 
or withdraw from any 
Plan, and (d) the occurrence 
of 
any event with respect to any Plan which would result in the incurrence by any Loan Party or any 
Subsidiary of a Loan Party of 
any material liability, fine or penalty, or any material increase in the 
contingent 
liability 
of 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
with 
respect 
to 
any 
post-retirement Welfare Plan benefit, which individually or in the 
aggregate, could reasonably be 
expected to result in a Material Adverse Effect.
Section 8.14. 
Compliance with Laws. 

(a) Each Loan Party 
shall, and shall 
cause each of 
its 
Subsidiaries to, comply 
in all respects 
with all Legal 
Requirements applicable to 
or pertaining to 
its 
Property 
or 
business 
operations, 
where 
any 
such 
non-compliance, 
individually 
or 
in 
the 
aggregate, could reasonably 
be expected to 
have a Material 
Adverse Effect or 
result in a 
Lien upon 
any of its Property.
 
(b) 
Without limiting Section 8.14(a) 
above, each Loan 
Party shall, and 
shall cause each 
of its Subsidiaries 
to, at all 
times, do the 
following to the 
extent the failure 
to do so, 
individually 
or in the 
aggregate, could reasonably 
be expected to 
have a Material 
Adverse Effect: 
(i) comply 

-86-
in 
all 
material 
respects 
with, 
and 
maintain 
each 
of 
the 
Premises 
in 
compliance 
in 
all 
material 
respects 
with, all 
applicable 
Environmental 
Laws; (ii) 
require 
that 
each 
tenant 
and subtenant, 
if 
any, of 
any of the Premises or any 
part thereof comply in all material 
respects with all applicable 
Environmental Laws; 
(iii) obtain and 
maintain in 
full force 
and effect 
all material 
governmental 
approvals required 
by any 
applicable Environmental 
Law for 
the operation 
of their 
business and 
each of the Premises; (iv) cure any material violation by it or at 
any of the Premises of applicable 
Environmental Laws unless and except 
to the extent being contested 
in good faith by appropriate 
proceedings 
which 
prevents 
the 
enforcement 
of 
any 
Lien 
with 
respect 
thereto; 
(v) 
not 
manufacture, 
use, 
generate, 
transport, 
treat, 
store, 
Release, 
dispose 
or 
handle 
any 
Hazardous 
Material (or allow 
any tenant or 
subtenant to do 
any of 
the foregoing) 
at any 
of the Premises 
except 
in the ordinary course 
of its live animal 
agricultural business and in 
material compliance with all 
applicable 
Environmental 
Laws; 
(vi) within 
ten 
(10) 
Business 
Days 
notify 
the 
Administrative 
Agent in writing 
and provide the 
disclosure filing made 
by the Borrower 
with the SEC 
of any of 
the following in 
connection with any Loan 
Party or any 
Subsidiary of a Loan 
Party or any 
of the 
Premises which would be required to be disclosed in an 8-K or 10-Q filing with the SEC: 
(1) any 
Environmental Liability; (2) any 
Environmental Claim; or 
(3) any violation of 
an Environmental 
Law 
or 
Release, 
threatened 
Release 
or 
disposal, 
placement 
or 
land 
application 
of 
a 
Hazardous 
Material, 
product, 
or 
waste, 
including 
manure, 
that 
is 
not 
in 
compliance 
with 
applicable 
Environmental Laws; or (4) any restriction on the ownership, occupancy, 
use or transferability of 
any Premises 
arising from 
or in 
connection with 
any (x) Release, 
threatened Release 
or disposal 
of 
a 
Hazardous 
Material, 
waste 
or 
product, 
including 
manure, 
or 
(y) Environmental 
Law; 
(vii) conduct 
at 
its 
expense 
any 
investigation, 
study, 
sampling, 
testing, 
abatement, 
cleanup, 
removal, remediation or other corrective or 
response action necessary to remove, remediate, 
clean 
up, correct or abate any material Release, threatened material Release or material violation of any 
applicable Environmental 
Law unless 
and except 
to the 
extent being 
contested in 
good faith 
by 
appropriate 
proceedings 
which 
prevents 
the 
enforcement 
of 
any 
Lien 
with 
respect 
thereto, 
(viii) abide 
by 
and 
observe 
any 
restrictions 
on 
the 
use 
of 
the 
Premises 
imposed 
by 
any 
Governmental Authority 
as set 
forth in 
a deed 
or other 
instrument affecting 
any Loan 
Party’s 
or 
any 
of 
its 
Subsidiary’s 
interest 
therein 
unless 
being 
contested 
in 
good 
faith 
by 
appropriate 
proceedings 
which 
prevents 
the 
enforcement 
of 
any 
Lien 
with 
respect 
thereto; 
(ix) promptly 
provide 
or 
otherwise 
make 
available 
to 
the 
Administrative 
Agent 
any 
reasonably 
requested 
environmental record concerning the Premises which any Loan Party or any Subsidiary of a Loan 
Party possesses or 
controls other than 
records subject to 
work product or 
attorney-client or other 
confidentiality privilege 
pursuant to applicable 
law; and (x) perform, 
satisfy, 
and implement any 
operation, maintenance 
or corrective 
actions or 
other requirements 
of any 
Governmental Authority 
or Environmental Law, or included in any no further action letter or covenant not to sue issued by 
any Governmental Authority under any Environmental Law unless and except to the extent being 
contested in 
good faith 
by appropriate 
proceedings which 
prevents the 
enforcement of 
any Lien 
with respect thereto. 
Section 8.15. 
Compliance 
with 
OFAC 
Sanctions 
Programs 
and 
Anti-Corruption 
Laws. 

(a) Each Loan Party shall 
at all times comply 
in all material respects 
with the requirements of 
all 
OFAC Sanctions 
Programs applicable to such Loan Party and 
shall cause each of its Subsidiaries 
to 
comply 
in 
all 
material 
respects 
with 
the 
requirements 
of 
all 
OFAC 
Sanctions 
Programs 
applicable to such Subsidiary.

-87-
 
(b) 
Each 
Loan 
Party 
shall 
provide 
the 
Administrative 
Agent 
and 
the 
Lenders 
any 
information regarding 
the Loan 
Parties, their 
Affiliates, 
and their 
Subsidiaries necessary 
for the 
Administrative Agent and 
the Lenders to 
comply with all 
applicable OFAC 
Sanctions Programs; 
subject 
however, 
in 
the 
case 
of 
Affiliates, 
to 
such 
Loan 
Party’s 
ability 
to 
provide 
information 
applicable to them. 

 
(c) 
If any 
Loan Party 
obtains actual 
knowledge or 
receives any 
written notice 
that any 
Loan Party, 
any Subsidiary 
of any 
Loan Party, 
or any 
officer, 
director or 
Affiliate 
of any 
Loan 
Party or 
that any 
Person that owns 
or controls 
any such 
Person is 
the target of 
any OFAC Sanctions 
Programs or is located, 
organized or resident in a 
country or territory that 
is, or whose government 
is, the subject of 
any OFAC Sanctions Programs (such occurrence, an 
“OFAC 
Event”
), such Loan 
Party shall 
promptly (i) give 
written notice 
to the 
Administrative Agent 
and the 
Lenders of 
such 
OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such 
OFAC 
Event 
(regardless 
of 
whether 
the 
target 
Person 
is 
located 
within 
the 
jurisdiction 
of 
the 
United States of America), including the OFAC Sanctions Programs, and each Loan Party hereby 
authorizes and consents to 
the Administrative Agent and 
the Lenders taking any 
and all steps the 
Administrative Agent 
or the 
Lenders deem 
necessary, 
in their 
sole but 
reasonable discretion, 
to 
avoid 
violation 
of 
all 
applicable 
laws 
with 
respect 
to 
any 
such 
OFAC 
Event, 
including 
the 
requirements of the 
OFAC 
Sanctions Programs (including 
the freezing 
and/or blocking 
of assets 
and reporting such action to OFAC). 
 
(d) 
No Loan 
Party will, 
directly or, 
to any 
Loan Party’s 
knowledge, indirectly, 
use the 
proceeds of 
the Revolving 
Facility of 
an Incremental 
Term 
Loan (if 
any), or 
lend, contribute 
or 
otherwise make available such proceeds to any other Person, (i) 
to fund any activities or business 
of or with any Person or in any country or territory, 
that, at the time of such funding, is, or whose 
government 
is, 
the 
subject 
of 
any 
OFAC 
Sanctions 
Programs, 
or 
(ii) in 
any 
other 
manner 
that 
would result in a violation of OFAC 
Sanctions Programs or Anti-Corruption Laws by any Person 
(including 
any 
Person 
participating 
in 
the 
Revolving 
Facility 
or 
any 
Incremental 
Term 
Loan, 
whether as underwriter, lender, advisor, 
investor, or otherwise). 
 
(e) 
No Loan Party will, nor will it permit any Subsidiary to, violate any Anti-Corruption 
Law in any material respect. 
 
(f) 
Each Loan 
Party will 
maintain in 
effect policies 
and procedures 
designed to 
ensure 
compliance 
by 
the 
Loan 
Parties, 
their 
Subsidiaries, 
and 
their 
respective 
directors, 
officers, 
employees, and agents with applicable Anti-Corruption Laws. 
Section 8.16. 
Burdensome 
Contracts 
With 
Affiliates. 
 
No 
Loan 
Party 
shall, 
nor 
shall 
it 
permit 
any 
of 
its 
Subsidiaries 
to, 
enter 
into 
any 
material 
contract, 
agreement 
or 
business 
arrangement with 
any of 
its Affiliates 
on terms 
and conditions 
which are 
less favorable 
to such 
Loan Party or 
such Subsidiary than 
would be usual 
and customary in 
similar contracts, agreements 
or 
business 
arrangements 
between 
Persons 
not 
affiliated 
with 
each 
other; 
provided 
that 
the 
foregoing restriction shall not apply to transactions between or among the Loan Parties.

-88-
Section 8.17. 
No 
Changes 
in 
Fiscal 
Year.
 
The 
fiscal 
year 
of 
the 
Borrower 
and 
its 
Subsidiaries ends on or about May 31 of each year; and the Borrower shall not, nor shall it permit 
any Subsidiary to, change its fiscal year from its present basis.
Section 8.18. 
Formation 
of 
Subsidiaries.
 
Promptly 
upon 
the 
formation 
or acquisition 
of 
any Subsidiary, 
the Loan 
Parties shall 
provide the 
Administrative Agent 
and the 
Lenders notice 
thereof 
(at 
which 
time 
Schedule 6.2 
shall 
be 
deemed 
amended 
to 
include 
reference 
to 
such 
Subsidiary. 
The 
Loan 
Parties 
shall, 
and 
shall 
cause 
their 
Wholly-owned 
Subsidiaries 
that 
are 
Domestic Subsidiaries to, timely 
comply with the requirements 
of Sections 11 and 12
with respect 
to any Subsidiary that is required to become a Guarantor hereunder. 

Section 8.19. 
Change in 
the Nature 
of Business. 

No Loan 
Party shall, 
nor shall 
it permit 
any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the 
business of 
such Loan 
Party or 
any of 
its Subsidiaries 
would be 
changed in 
any material 
respect 
from the general nature of the business engaged in by it as of 
the Closing Date or an Eligible Line 
of Business.
Section 8.20. 
Use 
of 
Proceeds
. 
The 
Borrower 
shall 
use 
the 
credit 
extended 
under 
this 
Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4. 
Section 8.21. 
No Restrictions
. 
Except as provided herein or exist as 
of the date hereof, no 
Loan Party shall, nor shall 
it permit any of its 
Wholly-owned Subsidiaries to, directly 
or indirectly 
create or 
otherwise cause 
or suffer 
to exist 
or become 
effective 
any consensual 
encumbrance or 
restriction of any kind 
on the ability of 
any Loan Party or 
any Wholly-owned Subsidiary of 
a Loan 
Party to: 
(a) pay dividends or make any other 
distribution on any such Subsidiary’s 
capital stock 
or 
other 
equity 
interests 
owned 
by 
such 
Loan 
Party 
or 
any 
of 
its 
Wholly-owned 
Subsidiaries, 
(b) pay 
any 
indebtedness 
owed 
to 
any 
Loan 
Party 
or 
any 
of 
its 
Wholly-owned 
Subsidiaries, 
(c) make loans 
or advances 
to any 
Loan Party 
or any 
of its 
Wholly-owned Subsidiaries, 
(d) transfer 
any of 
its Property 
to any 
Loan Party 
or any 
of its 
Wholly-owned Subsidiaries, 
or (e) guarantee 
the Secured 
Obligations and/or 
grant Liens 
on its 
assets to 
the Administrative 
Agent as 
required 
by the Loan Documents. 
Section 8.22. 
Financial Covenants. 
 
(a) 
Total 
Funded Debt to Capitalization 
Ratio
. 
As of the 
last day of each 
fiscal quarter 
of the 
Borrower ending 
on or 
after November 
27, 2021, 
the Borrower 
shall not 
permit the 
Total 
Funded Debt to Capitalization Ratio to be greater than 50.0%. 
 
(b) 
Minimum Tangible 
Net Worth
. 
The Borrower 
shall not 
permit Tangible 
Net Worth 
to be less than (i) $700,000,000 for the fiscal quarter ended November 27, 2021, plus (ii) for each 
fiscal 
quarter 
ending 
thereafter, 
50% 
of 
Net 
Income 
for 
such 
fiscal 
quarter 
(if 
Net 
Income 
is 
positive) less 
Restricted Payments 
permitted to 
be made 
pursuant to 
Section 8.12 
during such 
fiscal 
quarter. 

-89-
S
ECTION
 
9. 
E
VENTS OF 
D
EFAULT 
AND 
R
EMEDIES
. 
Section 9.1.
Events 
of 
Default.
 
Any 
one 
or 
more 
of 
the 
following 
shall 
constitute 
an 
“Event of Default”
 
hereunder:
 
(a) 
default for a 
period of five 
(5) days in 
the payment when 
due of all 
or any 
part of the 
principal of any 
Loan (whether at 
the stated maturity 
thereof or at 
any other time 
provided 
for 
in 
this 
Agreement) 
or 
of 
any 
Reimbursement 
Obligation, 
or 
default 
for 
a 
period 
of 
five 
(5) Business 
Days 
in 
the 
payment 
when 
due 
of 
any 
interest,
fee 
or 
other 
Obligation payable hereunder or under any other Loan Document; 

 
(b) 
default 
in 
the 
observance 
or 
performance 
of 
any 
covenant 
set 
forth 
in 
Sections 8.1(a), 8.10, 8.12, 8.17, 8.20 or 8.22 of this Agreement; 
 
(c) 
default in 
the observance 
or performance 
of any 
other provision 
hereof or 
of any other Loan Document 
which is not remedied within 
thirty (30) days after the earlier 
of (i) the date on 
which such failure 
shall first become known 
to any Responsible 
Officer 
of 
any 
Loan 
Party 
or 
(ii) written 
notice 
thereof 
is 
given 
to 
the 
Borrower 
by 
the 
Administrative Agent; 

 
(d) 
any representation or warranty 
made herein or in 
any other Loan Document 
or in any certificate 
furnished to the Administrative Agent 
or the Lenders pursuant hereto 
or 
thereto 
or 
in 
connection 
with 
any 
transaction 
contemplated 
hereby 
or 
thereby 
proves 
untrue in any material 
respect as of the 
date of the issuance 
or making or deemed 
making 
thereof; 

 
(e) 
(i) any 
event 
occurs 
or 
condition 
exists 
(other 
than 
those 
described 
in 
subsections (a) through 
(d) above) 
which is 
specified as 
an event 
of default 
under any 
of 
the other Loan Documents, 
or (ii) any of the 
Loan Documents shall for 
any reason not be 
or shall cease to be in full force and effect or is declared to be null and void, or (iii) any of 
the 
Collateral 
Documents 
shall 
for 
any 
reason 
fail 
to 
create 
a 
valid 
and 
perfected 
first 
priority Lien 
in favor 
of the 
Administrative Agent 
in any 
Collateral purported 
to be 
covered 
thereby except as 
expressly permitted by 
the terms hereof, 
or (iv) any Loan 
Party takes any 
action 
for 
the 
purpose 
of 
terminating, 
repudiating 
or 
rescinding 
any 
Loan 
Document 
executed by it or any of its obligations thereunder;
 
(f) 
default 
shall 
occur 
under 
any 
Material 
Indebtedness 
issued, 
assumed 
or 
guaranteed by any 
Loan Party or 
any Subsidiary of 
a Loan Party, 
or under any indenture, 
agreement or other instrument under which the 
same may be issued, and such default 
shall 
continue for 
a period 
of time 
sufficient 
to permit 
the acceleration 
of the 
maturity of 
any 
such 
Material 
Indebtedness 
(whether or 
not 
such 
maturity 
is in 
fact 
accelerated), or 
any 
such Material Indebtedness shall not 
be paid when due (whether 
by demand, lapse of time, 
acceleration or otherwise); 
 
(g) 
(i) any 
judgment 
or 
judgments, 
writ 
or 
writs 
or 
warrant 
or 
warrants 
of 
attachment, or any similar process or processes, shall be 
entered or filed against any Loan 

-90-
Party or any Subsidiary 
of a Loan Party, 
or against any of 
their respective Property, 
in an 
aggregate amount for all such Persons in excess of $25,000,000 (except to the extent fully 
covered 
by 
insurance 
pursuant 
to 
which 
the 
insurer 
has 
accepted 
liability 
therefor 
in 
writing), and which 
remains undischarged, 
unvacated, unbonded or 
unstayed for a 
period 
of 
30 days, or 
any 
action shall 
be legally 
taken 
by 
a 
judgment creditor 
to attach 
or levy 
upon any Property 
of any Loan 
Party or any 
Subsidiary of a 
Loan Party to 
enforce any such 
judgment, 
or 
(ii) any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
shall 
fail 
within 
thirty (30) 
days 
to 
discharge 
one 
or 
more 
non-monetary 
judgments 
or 
orders 
which, 
individually or in the aggregate, could reasonably be expected to have a Material Adverse 
Effect, which judgments or orders, in any such case, are not stayed on appeal or otherwise 
being appropriately contested in good faith by proper proceedings diligently pursued; 

 
(h) 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party, 
or 
any 
member 
of 
its 
Controlled 
Group, 
shall 
fail 
to 
pay 
when 
due 
an 
amount 
or 
amounts 
aggregating 
for 
all 
such 
Persons 
in 
excess 
of 
$20,000,000 
which 
it 
shall 
have 
become 
liable 
to 
pay 
to 
the 
PBGC or to 
a Plan under 
Title IV of ERISA; or 
notice of intent 
to terminate a 
Plan or Plans 
having 
aggregate 
Unfunded 
Vested 
Liabilities 
in 
excess 
of 
$20,000,000 
(collectively, 
a 
“Material 
Plan”
) 
shall 
be 
filed 
under 
Title IV 
of 
ERISA 
by 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party, 
or 
any 
other 
member 
of 
its 
Controlled 
Group, 
any 
plan 
administrator or any 
combination of the 
foregoing; or the 
PBGC shall institute 
proceedings 
under Title 
IV of 
ERISA to 
terminate or 
to cause 
a trustee 
to be 
appointed to 
administer 
any Material 
Plan or 
a proceeding 
shall be 
instituted by 
a fiduciary 
of any 
Material Plan 
against any Loan Party or 
any Subsidiary of a Loan 
Party, or any member of its Controlled 
Group, to enforce Section 515 or 4219(c)(5) of 
ERISA and such proceeding shall not 
have 
been dismissed 
within ninety (90) 
days thereafter; 
or a 
condition shall 
exist by 
reason of 
which the PBGC 
would be entitled 
to obtain a 
decree adjudicating that 
any Material Plan 
must be terminated; 

 
(i) 
any Change of Control shall occur; 
 
(j) 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
shall 
(i) have 
entered 
involuntarily 
against 
it 
an 
order 
for 
relief 
under 
the 
United 
States 
Bankruptcy 
Code, 
as 
amended, (ii) 
not pay, 
or admit 
in writing 
its inability 
to pay, 
its debts 
generally as 
they 
become 
due, 
(iii) make 
an 
assignment 
for 
the 
benefit 
of 
creditors, 
(iv) apply 
for, 
seek, 
consent 
to 
or 
acquiesce 
in, 
the 
appointment 
of 
a 
receiver, 
custodian, 
trustee, 
examiner, 
liquidator or 
similar official 
for it 
or any 
substantial part 
of its 
Property, 
(v) institute any 
proceeding seeking 
to have 
entered against 
it an 
order for 
relief under 
the United 
States 
Bankruptcy Code, as 
amended, to adjudicate 
it insolvent, or 
seeking dissolution, winding 
up, liquidation, 
reorganization, arrangement, 
adjustment or 
composition of 
it or 
its debts 
under any law 
relating to bankruptcy, 
insolvency or reorganization 
or relief of 
debtors or 
fail 
to 
file 
an 
answer 
or 
other 
pleading 
denying 
the 
material 
allegations 
of 
any 
such 
proceeding filed 
against it, 
(vi) take any 
corporate or 
similar action 
in furtherance 
of any 
matter 
described 
in 
parts (i) 
through 
(v) 
above, 
or 
(vii) fail 
to 
contest 
in 
good 
faith 
any 
appointment or proceeding described in Section 9.1(k); or 

-91-
 
(k) 
a custodian, 
receiver, 
trustee, examiner, 
liquidator or 
similar official 
shall 
be appointed for any Loan Party or any Subsidiary of a Loan Party, or any substantial part 
of 
any 
of 
its 
Property, 
or 
a 
proceeding 
described 
in 
Section 9.1(j)(v) 
shall 
be 
instituted 
against any Loan Party or 
any Subsidiary of a 
Loan Party, and such appointment continues 
undischarged 
or 
such 
proceeding 
continues 
undismissed 
or 
unstayed 
for 
a 
period 
of 
60 days. 
Section 9.2.
Non-Bankruptcy 
Defaults.
 
When 
any 
Event 
of 
Default 
(other 
than 
those 
described in subsection (j) or (k) of Section 9.1 
with respect to the Borrower) has occurred and 
is 
continuing, the Administrative Agent shall, 
by written notice to 
the Borrower: (a) if so 
directed by 
the 
Required 
Lenders, 
terminate 
the 
remaining 
Commitments 
and 
all 
other 
obligations 
of 
the 
Lenders 
hereunder 
on 
the 
date 
stated 
in 
such 
notice 
(which 
may 
be 
the 
date 
thereof); 
(b) if 
so 
directed 
by 
the 
Required 
Lenders, 
declare 
the 
principal 
of 
and 
the 
accrued 
interest 
on 
all 
outstanding Loans to 
be forthwith due 
and payable and 
thereupon all outstanding 
Loans, including 
both 
principal 
and 
interest 
thereon, 
shall 
be 
and become 
immediately 
due and 
payable 
together 
with all other amounts 
payable under the Loan Documents 
without further demand, presentment, 
protest 
or 
notice 
of 
any 
kind; 
and 
(c) if 
so 
directed 
by 
the 
Required 
Lenders, 
demand 
that 
the 
Borrower immediately deliver to the Administrative Agent Cash Collateral in an amount 
equal to 
105% of the aggregate amount of each Letter of Credit then outstanding, and the 
Borrower agrees 
to immediately make 
such payment and 
acknowledges and agrees 
that the Lenders 
would not have 
an 
adequate 
remedy 
at 
law 
for 
failure 
by 
the 
Borrower 
to 
honor 
any 
such 
demand 
and 
that 
the 
Administrative Agent, for the 
benefit of the Lenders, 
shall have the right to 
require the Borrower 
to 
specifically 
perform 
such 
undertaking 
whether 
or 
not 
any 
drawings 
or 
other 
demands 
for 
payment have been 
made under any 
Letter of Credit. 
In addition, the Administrative 
Agent may 
exercise on behalf of itself, 
the Lenders and the L/C 
Issuer all rights and remedies 
available to it, 
the Lenders and 
the L/C Issuer 
under the Loan 
Documents or applicable 
law or equity 
when any 
such Event of Default has 
occurred and is continuing. 
The Administrative Agent shall give notice 
to the Borrower under Section 9.1(c) promptly upon being 
requested to do so by any Lender. 
The 
Administrative 
Agent, 
after 
giving 
notice 
to 
the 
Borrower 
pursuant 
to 
Section 9.1(c) 
or 
this 
Section 9.2, shall also promptly send a copy of such notice to the other Lenders, but the 
failure to 
do so shall not impair or annul the effect of such notice.
Section 9.3. 
Bankruptcy Defaults
. 
When any 
Event of 
Default described 
in subsections (j) 
or 
(k) 
of 
Section 9.1 
with 
respect 
to 
the 
Borrower 
has 
occurred 
and 
is 
continuing, 
then 
all 
outstanding 
Loans 
shall 
immediately 
become 
due 
and 
payable 
together 
with 
all 
other 
amounts 
payable under 
the Loan 
Documents without 
presentment, demand, 
protest or 
notice of 
any kind, 
the 
obligation 
of 
the 
Lenders 
to 
extend 
further 
credit 
pursuant 
to 
any 
of 
the 
terms 
hereof 
shall 
immediately terminate 
and the 
Borrower shall 
immediately deliver 
to the 
Administrative 
Agent 
Cash Collateral in an amount equal 
to 105% of the aggregate amount of 
each Letter of Credit then 
outstanding, 
the 
Borrower 
acknowledging 
and 
agreeing 
that 
the 
Lenders 
would 
not 
have 
an 
adequate remedy 
at law 
for failure 
by the 
Borrower to 
honor any 
such demand 
and that 
the Lenders, 
and 
the 
Administrative 
Agent 
on 
their 
behalf, 
shall 
have 
the 
right 
to 
require 
the 
Borrower 
to 
specifically 
perform 
such undertaking 
whether 
or not 
any draws 
or 
other demands 
for 
payment 
have been 
made under 
any of 
the Letters 
of Credit. 
In addition, 
the Administrative 
Agent may 
exercise on behalf of itself, 
the Lenders and the L/C 
Issuer all rights and remedies 
available to it, 

-92-
the Lenders and 
the L/C Issuer 
under the Loan 
Documents or applicable 
law or equity 
when any 
such Event of Default has occurred and is continuing. 
Section 9.4. 
Collateral 
for 
Undrawn 
Letters 
of 
Credit
. 
(a) If 
the 
prepayment 
of 
the 
amount available for drawing under any or all outstanding 
Letters of Credit is required under any 
of Sections 2.3(b), 
2.8(b), Section 2.13, 
2.14, 9.2 
or 9.3 
above, the 
Borrower shall 
forthwith pay 
the 
amount 
required 
to 
be 
so 
prepaid, 
to 
be 
held 
by 
the 
Administrative 
Agent 
as 
provided 
in 
subsection (b) below. 
 
(b) 
All 
amounts 
prepaid 
pursuant 
to 
subsection (a) 
above 
shall 
be 
held 
by 
the 
Administrative Agent 
in one 
or more 
separate collateral 
accounts (each 
such account, 
and the 
credit 
balances, properties, and any investments 
from time to time held 
therein, and any substitutions for 
such account, 
any certificate 
of deposit 
or other 
instrument evidencing 
any of 
the foregoing 
and 
all 
proceeds 
of 
and 
earnings 
on 
any 
of 
the 
foregoing 
being 
collectively 
called 
the 
“Collateral 
Account”
) as security 
for, and for application 
by the Administrative 
Agent (to the 
extent available) 
to, the 
reimbursement of 
any payment 
under any 
Letter of 
Credit then 
or thereafter 
made by 
the 
L/C Issuer, 
and 
to 
the 
payment 
of 
the 
unpaid 
balance 
of 
all 
other 
Secured 
Obligations. 
The 
Collateral Account shall be held in the name of and subject to the exclusive dominion and control 
of 
the 
Administrative 
Agent 
for 
the 
benefit 
of 
the 
Administrative 
Agent, 
the 
Lenders, 
and 
the 
L/C Issuer. 
If and when 
requested by the 
Borrower, the 
Administrative Agent shall 
invest funds 
held in 
the Collateral 
Account from 
time to 
time in 
direct obligations 
of, or 
obligations the 
principal 
of and interest 
on which are 
unconditionally guaranteed 
by, 
the United States 
of America with 
a 
remaining 
maturity 
of 
one 
year 
or 
less, 
provided
 
that 
the 
Administrative 
Agent 
is 
irrevocably 
authorized 
to 
sell 
investments 
held 
in 
the 
Collateral 
Account 
when 
and 
as 
required 
to 
make 
payments 
out 
of 
the 
Collateral 
Account 
for 
application 
to 
amounts 
due 
and 
owing 
from 
the 
Borrower 
to 
the 
L/C Issuer, 
the 
Administrative 
Agent 
or 
the 
Lenders. 
Subject 
to 
the 
terms 
of 
Sections 2.13 and 2.14, if 
the Borrower shall have 
made payment of all 
obligations referred to in 
subsection (a) 
above 
required 
under 
Section 2.8(b), 
at 
the 
request 
of 
the 
Borrower 
the 
Administrative Agent shall 
release to the 
Borrower amounts held 
in the Collateral 
Account so long 
as at the 
time of the 
release and after 
giving effect 
thereto no Default 
exists. 
After all Letters 
of 
Credit have expired 
or been cancelled 
and the expiration 
or termination of 
all Commitments, at 
the 
request of the 
Borrower, the Administrative Agent 
shall release any 
remaining amounts held 
in the 
Collateral Account following payment in full in cash of all Secured Obligations. 
Section 9.5. 
Post-Default 
Collections
. 
Anything 
contained 
herein 
or 
in 
the 
other 
Loan 
Documents 
to 
the 
contrary 
notwithstanding 
(including, 
without 
limitation, 
Section 2.8(b)), 
all 
payments and collections received in respect of 
the Obligations and all proceeds of the 
Collateral 
and payments made under or 
in respect of the Guaranty 
Agreements received, in each instance, 
by 
the 
Administrative 
Agent 
or 
any 
of 
the 
Lenders 
after 
acceleration 
or 
the 
final 
maturity 
of 
the 
Obligations or termination of 
the Commitments as a 
result of an Event 
of Default shall 
be remitted 
to the Administrative Agent and distributed as follows: 
 
(a) 
first, to the payment of any outstanding costs 
and expenses incurred by the 
Administrative 
Agent, 
and 
any 
security 
trustee 
therefor, 
in 
monitoring, 
verifying, 
protecting, preserving or enforcing the Liens on 
the Collateral, in protecting, preserving or 
enforcing 
rights 
under 
the 
Loan 
Documents, 
and 
in 
any 
event 
including 
all 
costs 
and 

-93-
expenses 
of 
a 
character 
which 
the 
Loan 
Parties 
have 
agreed 
to 
pay 
the 
Administrative 
Agent under 
Section 13.4 (such 
funds to 
be retained 
by the 
Administrative Agent 
for its 
own account unless 
it has previously 
been reimbursed for 
such costs and expenses 
by the 
Lenders, in which event such 
amounts shall be remitted to 
the Lenders to reimburse them 
for payments theretofore made to the Administrative Agent); 

 
(b) 
second, to 
the payment 
of any 
outstanding interest 
and fees 
due under 
the 
Loan Documents to be 
allocated pro rata in accordance 
with the aggregate unpaid 
amounts 
owing to each holder thereof; 
 
(c) 
third, 
to 
the 
payment 
of 
principal 
on 
the 
Loans, 
unpaid 
Reimbursement 
Obligations, together 
with amounts 
to be 
held by 
the Administrative 
Agent as 
collateral 
security 
for 
any 
outstanding 
L/C Obligations 
pursuant 
to 
Section 9.4 
(until 
the 
Administrative Agent is holding an amount of cash equal to 105% of the then outstanding 
amount of all such L/C Obligations), and Hedging 
Liability, the aggregate amount paid to, 
or held 
as collateral 
security for, 
the Lenders 
and L/C Issuer 
and, in 
the case 
of Hedging 
Liability, 
their Affiliates to 
be allocated pro 
rata in accordance 
with the aggregate 
unpaid 
amounts owing to each holder thereof; 

 
(d) 
fourth, to the payment of all other unpaid Secured 
Obligations and all other 
indebtedness, obligations, 
and liabilities 
of the 
Borrower and 
its Subsidiaries 
secured by 
the 
Loan 
Documents 
(including, 
without 
limitation, 
Bank 
Product 
Obligations) 
to 
be 
allocated pro rata 
in accordance with the 
aggregate unpaid amounts 
owing to each 
holder 
thereof; and 
 
(e) 
finally, to the Borrower or whoever else may be lawfully entitled thereto. 
S
ECTION
 
10. 
T
HE 
A
DMINISTRATIVE 
A
GENT
. 
 
Section 10.1. 
Appointment and Authority
. 
Each of the Lenders and the L/C Issuers hereby 
irrevocably 
appoints 
BMO 
Harris 
Bank 
N.A.
to 
act 
on 
its 
behalf 
as 
the 
Administrative 
Agent 
hereunder and under 
the other Loan 
Documents and authorizes 
the Administrative Agent 
to take 
such actions on 
its behalf 
and to exercise 
such powers as 
are delegated to 
the Administrative 
Agent 
by the terms hereof or thereof, together with such actions and powers as are reasonably incidental 
thereto. 
The provisions of 
this Section 10 are 
solely for the 
benefit of the 
Administrative Agent, 
the Lenders 
and the 
L/C Issuers, 
and neither 
the Borrower 
nor any 
other Loan 
Party shall 
have 
rights as a 
third-party beneficiary of 
any of such 
provisions. 
It is understood 
and agreed that 
the 
use of 
the term 
“agent” herein 
or in 
any other 
Loan Documents 
(or any 
other similar 
term) with 
reference to the Administrative 
Agent is not intended 
to connote any fiduciary 
or other implied (or 
express) 
obligations 
arising 
under 
agency 
doctrine 
of 
any 
applicable 
law. 
Instead 
such 
term 
is 
used 
as 
a 
matter 
of 
market 
custom, 
and 
is 
intended 
to 
create 
or 
reflect 
only 
an 
administrative 
relationship between contracting parties. 
 
Section 10.2. 
Rights 
as 
a 
Lender
. 
The 
Person 
serving 
as 
the 
Administrative 
Agent 
hereunder shall 
have the 
same rights 
and powers 
in its 
capacity as 
a Lender 
as any 
other Lender 
and may exercise the same as though 
it were not the Administrative Agent, 
and the term “Lender” 

-94-
or “Lenders” shall, unless otherwise 
expressly indicated or unless the 
context otherwise requires, 
include the Person serving as the Administrative 
Agent hereunder in its individual capacity. 
Such 
Person and 
its Affiliates 
may accept 
deposits from, 
lend money 
to, own 
securities of, 
act as 
the 
financial advisor 
or in 
any other 
advisory capacity 
for, and generally 
engage in 
any kind 
of business 
with, 
the 
Borrower 
or 
any 
Subsidiary 
or 
other 
Affiliate 
thereof 
as 
if 
such 
Person 
were 
not 
the 
Administrative Agent hereunder and without any duty to account therefor to the Lenders. 
Section 10.3. 
Action 
by 
Administrative 
Agent; 
Exculpatory 
Provisions
. 
(a) The 
Administrative 
Agent 
shall 
not 
have 
any 
duties 
or 
obligations 
except 
those 
expressly 
set 
forth 
herein and in 
the other Loan 
Documents, and its 
duties hereunder shall 
be administrative in 
nature. 

Without limiting the generality of the 
foregoing, the Administrative Agent and its 
Related Parties: 
 
(i) 
shall not 
be subject 
to any 
fiduciary or 
other implied 
duties, regardless 
of 
whether a Default has occurred and is continuing; 
 
(ii) 
shall 
not 
have 
any 
duty 
to 
take 
any 
discretionary 
action 
or 
exercise 
any 
discretionary 
powers, 
except 
discretionary 
rights 
and 
powers 
expressly 
contemplated 
hereby 
or 
by 
the 
other 
Loan 
Documents 
that 
the 
Administrative 
Agent 
is 
required 
to 
exercise as 
directed in 
writing by 
the Required 
Lenders (or 
such other 
number or 
percentage 
of the Lenders as shall be 
expressly provided for herein or in 
the other Loan Documents), 
provided
 
that the Administrative Agent shall 
not be required to take 
any action that, in its 
opinion or the opinion 
of its counsel, may 
expose the Administrative Agent 
to liability or 
that is 
contrary to 
any Loan 
Document or 
applicable law, 
including for 
the avoidance 
of 
doubt any 
action that 
may be 
in violation 
of the 
automatic stay 
under any 
Debtor Relief 
Law or that 
may effect a forfeiture, 
modification or termination 
of property of 
a Defaulting 
Lender in violation of any Debtor Relief 
Law. 
The Administrative Agent shall in all cases 
be fully justified in failing or refusing to act hereunder or 
under any other Loan Document 
unless it first 
receives any further 
assurances of its 
indemnification from the 
Lenders that 
it may 
require, including 
prepayment of 
any related 
expenses and 
any other 
protection it 
requires against 
any and 
all costs, 
expense, and 
liability which 
may be 
incurred by 
it by 
reason of taking or continuing to take any such action; and 
 
(iii) 
shall 
not, 
except 
as 
expressly 
set 
forth 
herein 
and 
in 
the 
other 
Loan 
Documents, 
have 
any 
duty 
or 
responsibility 
to 
disclose, 
and 
shall 
not 
be 
liable 
for 
the 
failure to disclose, 
any information relating 
to any Loan 
Party or any 
of its Affiliates 
that 
is communicated to or obtained 
by the Person serving as the 
Administrative Agent or any 
of its Affiliates in any capacity. 
 
(b) 
Neither the Administrative Agent 
nor any of its 
Related Parties shall be 
liable for any 
action taken or not taken by 
the Administrative Agent under or 
in connection with this Agreement 
or 
any 
other 
Loan 
Document 
or 
the 
transactions 
contemplated 
hereby 
or 
thereby 
(i) with 
the 
consent 
or 
at 
the 
request 
of 
the 
Required 
Lenders 
(or 
such 
other 
number 
or 
percentage 
of 
the 
Lenders as shall be 
necessary, 
or as the Administrative 
Agent shall believe in 
good faith shall 
be 
necessary, 
under the 
circumstances as 
provided in 
Sections 9.2, 9.3, 
9.4, 9.5 
and 13.3), 
or (ii) in 
the 
absence 
of 
its 
own 
gross 
negligence 
or 
willful 
misconduct 
as 
determined 
by 
a 
court 
of 
competent jurisdiction by final 
and nonappealable judgment. 
Any such action taken 
or failure to 

-95-
act pursuant to the foregoing 
shall be binding on all 
Lenders. 
The Administrative Agent shall 
be 
deemed not 
to have 
knowledge of 
any Default 
unless and 
until notice 
describing such Default 
is 
given to the Administrative Agent in writing by the Borrower, a Lender, or the 
L/C Issuer. 
 
(c) 
Neither the Administrative 
Agent nor any 
of its Related 
Parties shall be 
responsible 
for or have any 
duty or obligation 
to any Lender or 
L/C Issuer or 
participant or any other 
Person 
to ascertain or inquire into (i) 
any statement, warranty or representation 
made in or in connection 
with 
this 
Agreement 
or 
any 
other 
Loan 
Document, 
(ii) the 
contents 
of 
any 
certificate, 
report or 
other document delivered hereunder or thereunder or 
in connection herewith or therewith, (iii) the 
performance or 
observance of 
any of 
the covenants, 
agreements or 
other terms 
or conditions 
set 
forth 
herein 
or 
therein 
or 
the 
occurrence 
of 
any 
Default, 
(iv) the 
validity, 
enforceability, 
effectiveness or genuineness 
of this 
Agreement, any 
other Loan 
Document or 
any other 
agreement, 
instrument or document, or the creation, perfection or priority of any Lien purported to be created 
by the Collateral Documents, (v) the value or sufficiency of any Collateral, or (vi) the satisfaction 
of any condition 
set forth in 
Section 7.1 or 7.2 
or elsewhere herein, 
other than to 
confirm receipt 
of items expressly required to be delivered to the Administrative Agent. 
 
Section 10.4. 
Reliance 
by 
Administrative 
Agent
. 
The 
Administrative 
Agent 
shall 
be 
entitled to 
rely upon, 
and shall 
be fully 
protected in 
relying and 
shall not 
incur any 
liability for 
relying 
upon, 
any 
notice, 
request, 
certificate, 
communication, 
consent, 
statement, 
instrument, 
document or other writing (including any 
electronic message, Internet or intranet website posting 
or 
other 
distribution) 
believed 
by 
it 
to 
be 
genuine 
and 
to 
have 
been 
signed, 
sent 
or 
otherwise 
authenticated by the proper Person. 
The Administrative Agent also may rely 
upon any statement 
made to it orally or 
by telephone and believed by 
it to have been made 
by the proper Person, and 
shall 
be 
fully 
protected 
in 
relying 
and 
shall 
not 
incur 
any 
liability 
for 
relying 
thereon. 
In 
determining compliance 
with any 
condition hereunder 
to the 
making of 
a Loan, 
or the 
issuance, 
extension, 
renewal 
or 
increase 
of 
a 
Letter 
of 
Credit, 
that 
by 
its 
terms 
must 
be 
fulfilled 
to 
the 
satisfaction 
of 
a 
Lender 
or 
an 
L/C 
Issuer, 
the 
Administrative 
Agent 
may 
presume 
that 
such 
condition is satisfactory to 
such Lender or L/C 
Issuer unless the Administrative Agent 
shall have 
received notice to 
the contrary from 
such Lender or 
L/C Issuer prior 
to the making 
of such Loan 
or the issuance 
of such Letter of 
Credit. 
The Administrative Agent 
may consult with legal 
counsel 
(who may be counsel for the 
Loan Parties), independent accountants and 
other experts selected by 
it, and shall 
not be liable 
for any action 
taken or not 
taken by it 
in accordance with 
the advice of 
any such counsel, accountants or experts. 
 
Section 10.5. 
Delegation of Duties
. 
The Administrative Agent may perform any and all 
of 
its duties 
and exercise 
its rights 
and powers 
hereunder or 
under any 
other Loan 
Document by 
or 
through any one or more sub-agents 
appointed by the Administrative Agent. 
The Administrative 
Agent and 
any such 
sub-agent 
may perform 
any and 
all of 
its duties 
and exercise 
its rights 
and 
powers by or through their respective Related Parties. 
The exculpatory provisions of this Section 
shall apply to any such 
sub-agent and to the 
Related Parties of the 
Administrative Agent and any 
such sub-agent, and shall apply to their respective activities in connection with the 
syndication of 
the 
Revolving 
Facility 
and 
any 
Incremental 
Term 
Loans 
as 
well 
as 
activities 
as 
Administrative 
Agent. 
The Administrative Agent 
shall not be 
responsible for the 
negligence or misconduct 
of any 
sub-agents 
except 
to 
the 
extent 
that 
a 
court 
of 
competent 
jurisdiction 
determines 
in 
a 
final 
and 

-96-
nonappealable 
judgment 
that 
the 
Administrative 
Agent 
acted 
with 
gross 
negligence 
or 
willful 
misconduct in the selection of such sub-agents. 
 
Section 10.6. 
Resignation of 
Administrative Agent
. 
(a) The Administrative 
Agent may 
at 
any time 
give notice 
of its 
resignation to 
the Lenders, 
the L/C 
Issuers and 
the Borrower. 
Upon 
receipt of any 
such notice of 
resignation, the Required 
Lenders shall have 
the right, in 
consultation 
with the Borrower, to 
appoint a successor, which 
shall be a 
bank with 
an office in 
the United 
States 
of America, or an Affiliate of any such bank with an office in the United States of America. 
If no 
such successor shall 
have been so 
appointed by the 
Required Lenders and 
shall have accepted 
such 
appointment 
within 
thirty (30) 
days 
after 
the 
retiring 
Administrative 
Agent 
gives 
notice 
of 
its 
resignation 
(or 
such 
earlier 
day 
as 
shall 
be 
agreed 
by 
the 
Required 
Lenders) 
(the 
“Resignation 
Effective Date”
), then 
the retiring 
Administrative Agent 
may (but 
shall not 
be obligated 
to), on 
behalf of the Lenders 
and the L/C Issuers, 
appoint a successor Administrative 
Agent meeting the 
qualifications set 
forth above. 
Whether or 
not a 
successor has 
been appointed, 
such resignation 
shall become effective in accordance with such notice on the Resignation Effective Date. 
 
(b) 
With effect from 
the Resignation 
Effective Date, (i) 
the retiring 
Administrative Agent 
shall be 
discharged from 
its duties 
and obligations 
hereunder and 
under the 
other Loan 
Documents, 
and (ii) except for 
any indemnity payments 
owed to the 
retiring or removed 
Administrative Agent, 
all 
payments, 
communications 
and 
determinations 
provided 
to 
be 
made 
by, 
to 
or 
through 
the 
Administrative Agent 
shall instead 
be made 
by or 
to each 
Lender and 
L/C Issuer 
directly, 
until 
such time, if any, 
as the Required Lenders 
appoint a successor Administrative Agent 
as provided 
for 
above. 
If 
on 
the 
Resignation Effective 
Date no 
successor 
has 
been appointed 
and accepted 
such appointment, the 
Administrative Agent’s rights in 
the Collateral 
Documents shall 
be assigned 
without representation, recourse 
or warranty to 
the Lenders and 
L/C Issuer as their 
interests may 
appear. 
Upon the 
acceptance of 
a successor’s 
appointment as 
Administrative Agent 
hereunder, 
such successor 
shall succeed 
to and 
become vested 
with all 
of the 
rights, powers, 
privileges and 
duties of the retiring 
Administrative Agent (other than any 
rights to indemnity payments or 
other 
amounts owed 
to the 
retiring Administrative 
Agent), and 
the retiring 
Administrative Agent 
shall 
be discharged from all of its 
duties and obligations hereunder or 
under the other Loan Documents. 

The fees payable by the Borrower to a successor Administrative Agent 
shall be the same as those 
payable 
to 
its 
predecessor 
unless 
otherwise 
agreed 
between 
the 
Borrower 
and 
such 
successor. 

After 
the 
retiring 
Administrative 
Agent’s 
resignation 
hereunder 
and 
under 
the 
other 
Loan 
Documents, 
the 
provisions 
of 
this 
Section 10 
and 
Section 13.4 
shall 
continue 
in 
effect 
for 
the 
benefit of 
such retiring 
Administrative Agent, 
its sub-agents 
and their 
respective Related 
Parties 
in 
respect 
of 
any 
actions 
taken 
or 
omitted 
to 
be 
taken 
by 
any 
of 
them 
while 
the 
retiring 
Administrative Agent was acting as Administrative Agent. 
 
Section 10.7. 
Non-Reliance on Administrative Agent and 
Other Lenders
. 
Each Lender and 
L/C Issuer acknowledges that it 
has, independently and without reliance 
upon the Administrative 
Agent 
or 
any 
other 
Lender 
or 
any 
of 
their 
Related 
Parties 
and 
based 
on 
such 
documents 
and 
information as it 
has deemed appropriate, 
made its own 
credit analysis and 
decision to enter 
into 
this Agreement. 
Each Lender 
and L/C 
Issuer also 
acknowledges that 
it will, 
independently and 
without reliance upon 
the Administrative Agent 
or any other 
Lender or any 
of their Related 
Parties 
and 
based 
on 
such 
documents 
and 
information 
as 
it 
shall 
from 
time 
to 
time 
deem 
appropriate, 
continue 
to 
make 
its 
own 
decisions 
in 
taking 
or 
not 
taking 
action 
under 
or 
based 
upon 
this 

-97-
Agreement, 
any 
other 
Loan 
Document 
or 
any 
related 
agreement 
or 
any 
document 
furnished 
hereunder or thereunder. 
Upon 
a 
Lender’s 
written 
request, 
the 
Administrative 
Agent 
agrees 
to 
forward 
to 
such 
Lender, when complete, copies of any field audit, examination, or 
appraisal report prepared by or 
for 
the 
Administrative 
Agent 
with 
respect 
to 
the 
Borrower 
or 
any 
Loan 
Party 
or 
the 
Collateral 
(herein, 
“Reports”
). 
Each Lender 
hereby agrees 
that (a) it 
has requested 
a copy 
of each 
Report 
prepared by or on 
behalf of the Administrative Agent; 
(b) the Administrative Agent (i) 
makes no 
representation or warranty, 
express or implied, 
as to the 
completeness or accuracy 
of any Report 
or any of the information contained therein or any inaccuracy or omission contained in or relating 
to a Report and (ii) 
shall not be liable for 
any information contained in any 
Report; (c) the Reports 
are 
not 
comprehensive 
audits 
or 
examinations, 
and 
that 
any 
Person 
performing 
any 
field 
examination 
will 
inspect 
only 
specific 
information 
regarding 
the 
Borrower 
and 
the 
other 
Loan 
Parties 
and 
will 
rely 
significantly 
upon 
the 
books 
and 
records 
of 
Borrower 
and 
the 
other 
Loan 
Parties, as well as on representations of 
personnel of the Borrower and the other 
Loan Parties, and 
that 
the 
Administrative 
Agent 
undertakes 
no 
obligation 
to 
update, 
correct 
or 
supplement 
the 
Reports; (d) 
it will 
keep all 
Reports confidential 
and strictly 
for its 
internal use, 
not share 
the Report 
with any other Person 
except as otherwise permitted 
pursuant to this Agreement; 
and (e) without 
limiting the generality of any other indemnification provision contained in this Agreement, it will 
pay and 
protect, 
and indemnify, 
defend, and 
hold the 
Administrative 
Agent and 
any such 
other 
Person preparing a Report 
harmless from and against, 
the claims, actions, proceedings, 
damages, 
costs, expenses, and 
other amounts (including 
reasonable attorney fees) 
incurred by as 
the direct 
or 
indirect 
result 
of 
any 
third 
parties 
who 
might 
obtain 
all 
or 
part 
of 
any 
Report 
through 
the 
indemnifying Lender. 
Section 10.8. 
L/C Issuer 
and Swingline Lender.
 
The L/C Issuer shall 
act on behalf 
of the 
Lenders with respect to any Letters of Credit issued by it and the documents 
associated therewith, 
and the Swingline 
Lender shall act 
on behalf of 
the Lenders with 
respect to the 
Swingline Loans 
made hereunder. 
The L/C Issuer and the Swingline Lender shall each have all of the benefits and 
immunities 
(i) provided 
to 
the 
Administrative 
Agent 
in 
this 
Section 10 
with 
respect 
to 
any 
acts 
taken or omissions suffered 
by the L/C Issuer in 
connection with Letters of 
Credit issued by it 
or 
proposed 
to 
be 
issued 
by 
it 
and 
the 
Applications 
pertaining 
to 
such 
Letters 
of 
Credit 
or 
by 
the 
Swingline Lender in 
connection with Swingline 
Loans made or 
to be made 
hereunder as fully 
as 
if 
the 
term 
“Administrative 
Agent”, 
as 
used 
in 
this 
Section 10, 
included 
the 
L/C Issuer 
and 
the 
Swingline Lender 
with respect 
to such 
acts or 
omissions and 
(ii) as additionally 
provided in 
this 
Agreement with 
respect to 
such L/C Issuer 
or Swingline 
Lender, 
as applicable. 
Any resignation 
by the 
Person then 
acting as 
Administrative Agent 
pursuant to 
Section 10.6 shall 
also constitute 
its resignation 
or the 
resignation of 
its Affiliate 
as L/C 
Issuer and 
Swingline Lender 
except as 
it 
may otherwise 
agree. 
If such 
Person then 
acting as 
L/C Issuer 
so resigns, 
it shall 
retain all 
the 
rights, powers, 
privileges and 
duties of 
the L/C 
Issuer hereunder 
with respect 
to all 
Letters of 
Credit 
outstanding as 
of the 
effective date 
of its 
resignation as 
L/C Issuer 
and all 
L/C Obligations 
with 
respect thereto, including 
the right to 
require the Lenders 
to make Loans 
or fund risk 
participations 
in Reimbursement 
Obligations pursuant 
to Section 2.3. 
If such 
Person then 
acting as 
Swingline 
Lender resigns, 
it shall 
retain all 
the rights 
of the 
Swingline Lender 
provided for 
hereunder with 
respect to Swingline Loans 
made by it and 
outstanding as of the 
effective date of such resignation, 
including the right to require the Lenders to make Loans 
or fund risk participations in outstanding 

-98-
Swingline Loans 
pursuant to 
Section 2.2(b). 
Upon the 
appointment by 
the Borrower 
of a 
successor 
L/C Issuer 
or Swingline 
Lender hereunder 
(which successor 
shall in 
all cases 
be a 
Lender other 
than a 
Defaulting Lender), 
(i) such successor 
shall succeed 
to and 
become vested 
with all 
of the 
rights, powers, privileges and duties of 
the retiring L/C Issuer or Swingline 
Lender, as applicable 
(other than 
any rights 
to indemnity 
payments or 
other amounts 
that remain 
owing to 
the retiring 
L/C Issuer 
or Swingline 
Lender), and 
(ii) the retiring 
L/C Issuer 
and Swingline 
Lender shall 
be 
discharged from 
all of 
their respective 
duties and 
obligations hereunder 
or under 
the other 
Loan 
Documents other than 
with respect to 
its outstanding Letters 
of Credit and 
Swingline Loans, and 
(iii) upon 
the request 
of the 
resigning L/C 
Issuer, 
the 
successor L/C 
Issuer shall 
issue 
letters 
of 
credit in substitution for the Letters of Credit, 
if any, outstanding at the time of such succession or 
make 
other 
arrangements 
satisfactory 
to 
the 
resigning 
L/C 
Issuer 
to 
effectively 
assume 
the 
obligations of the resigning L/C Issuer with respect to such Letters of Credit.
Section 10.9. 
Hedging 
Liability 
and 
Bank Product 
Obligations
. 
By virtue 
of 
a 
Lender’s 
execution of this 
Agreement or an 
assignment agreement pursuant 
to Section 13.2, as 
the case may 
be, any Affiliate of such 
Lender with whom the 
Borrower or any other 
Loan Party has entered 
into 
an agreement 
creating Hedging 
Liability or 
Bank Product Obligations 
shall be 
deemed a 
Lender 
party 
hereto 
for 
purposes 
of 
any 
reference 
in 
a 
Loan 
Document 
to 
the 
parties 
for 
whom 
the 
Administrative Agent is acting, it being understood and agreed 
that the rights and benefits of such 
Affiliate 
under 
the 
Loan 
Documents 
consist 
exclusively 
of 
such 
Affiliate’s 
right 
to 
share 
in 
payments and 
collections out 
of the 
Collateral and 
the Guaranty 
Agreements as 
more fully 
set forth 
in 
Section 9.5. 
Without 
limiting 
the 
generality 
of 
the 
foregoing, 
(i) 
each 
such 
Affiliate 
of 
any 
Lender that has entered 
into an agreement 
creating Hedging Liability or 
Bank Product Obligations 
shall, for the avoidance of doubt, 
be deemed to have agreed to 
the provisions of Section 10.15 and 
(ii) no 
such Affiliate 
of any 
Lender shall 
have any 
right to 
notice of 
any action 
or to 
consent to, 
direct or object to 
any action hereunder or 
under any other Loan 
Document or otherwise in 
respect 
of the 
Collateral (including 
the release 
or impairment 
of any 
Collateral). In 
connection with 
any 
such 
distribution 
of 
payments 
and 
collections, 
or 
any 
request 
for 
the 
release 
of 
the 
Guaranty 
Agreements 
and 
the 
Administrative 
Agent’s 
Liens 
in 
connection 
with 
the 
termination 
of 
the 
Commitments 
and 
the 
payment 
in 
full 
of 
the 
Obligations, 
the 
Administrative 
Agent 
shall 
be 
entitled 
to 
assume 
no 
amounts 
are 
due 
to 
any 
Lender 
or 
its 
Affiliate 
with 
respect 
to 
Hedging 
Liability or 
Bank Product 
Obligations unless 
such Lender 
has notified 
the Administrative 
Agent 
in writing of the amount 
of any such liability owed 
to it or its Affiliate prior 
to such distribution or 
payment or release of Guaranty Agreements and Liens. 
Section 10.10. 
Designation of Additional Agents
. 
The Administrative Agent shall 
have the 
continuing right, for purposes hereof, at 
any time and from time to 
time to designate one or more 
of 
the 
Lenders 
(and/or 
its 
or 
their 
Affiliates) 
as 
“syndication 
agents,” 
“documentation 
agents,” 
“book runners,” “lead arrangers,” “arrangers,” or other designations for purposes hereto, but such 
designation shall 
have no 
substantive effect, 
and such 
Lenders and 
their Affiliates 
shall have 
no 
additional powers, duties or responsibilities as a result thereof. 
Section 10.11. 
Authorization to Enter into, 
and Enforcement 
of, the Collateral Documents; 
Possession of Collateral
. 
The Administrative Agent 
is hereby irrevocably 
authorized by each 
of 
the Lenders and the L/C Issuer to execute and deliver the Collateral Documents on behalf of each 
of the 
Lenders, the 
L/C Issuer, and 
their Affiliates 
and to 
take such 
action and 
exercise such 
powers 

-99-
under the Collateral 
Documents as the 
Administrative Agent considers 
appropriate; 
provided
 
the 
Administrative Agent shall not 
amend the Collateral Documents 
unless such amendment is 
agreed 
to 
in 
writing 
by 
the 
Required 
Lenders. 
Upon 
the 
occurrence 
of 
an 
Event 
of 
Default, 
the 
Administrative Agent 
shall take 
such action 
to enforce 
its Lien 
on the 
Collateral and to 
preserve 
and 
protect 
the 
Collateral 
as 
may 
be 
directed 
by 
the 
Required 
Lenders. 
Unless 
and 
until 
the 
Required Lenders 
give such 
direction, the 
Administrative Agent 
may (but 
shall not 
be obligated 
to) take 
or refrain 
from taking 
such actions 
as it 
deems appropriate 
and in the 
best interest 
of all 
the Lenders and L/C Issuer. 
Each Lender and L/C Issuer acknowledges and 
agrees that it will be 
bound by the 
terms and conditions 
of the Collateral 
Documents upon the 
execution and delivery 
thereof 
by the 
Administrative Agent. 
The Administrative 
Agent shall 
not be 
responsible for 
or 
have 
a 
duty 
to 
ascertain 
or 
inquire 
into 
any 
representation 
or 
warranty 
regarding 
the 
existence, 
value or collectability of the Collateral, the existence, 
priority or perfection of the Administrative 
Agent’s 
Lien thereon, or any 
certificate prepared by any 
Loan Party in connection 
therewith, nor 
shall 
the 
Administrative 
Agent 
be 
responsible 
or 
liable 
to 
the 
Lenders, 
the 
L/C 
Issuer 
or 
their 
Affiliates for 
any failure 
to monitor 
or maintain 
any portion 
of the 
Collateral. 
The Lenders 
and 
L/C Issuer 
hereby irrevocably 
authorize (and 
each of 
their Affiliates 
holding any 
Bank Product 
Obligations 
and 
Hedging 
Liability 
entitled 
to 
the 
benefits 
of 
the 
Collateral 
shall 
be 
deemed 
to 
authorize) the Administrative Agent, based 
upon the instruction of the 
Required Lenders, to credit 
bid and purchase (either directly or through 
one or more acquisition vehicles) all or 
any portion of 
the Collateral 
at any 
sale thereof conducted 
by the Administrative 
Agent (or any 
security trustee 
therefore) under the provisions of 
the Uniform Commercial Code, including 
pursuant to Sections 
9-610 
or 
9-620 
of 
the 
Uniform 
Commercial 
Code, 
at 
any 
sale 
thereof 
conducted 
under 
the 
provisions 
of 
the 
United 
States 
Bankruptcy 
Code, 
including 
Section 
363 
of 
the 
United 
States 
Bankruptcy 
Code, 
or 
at 
any 
sale 
or 
foreclosure 
conducted 
by 
the 
Administrative 
Agent 
or 
any 
security trustee therefore 
(whether by judicial 
action or otherwise) 
in accordance with applicable 
law. 
Except 
as 
otherwise 
specifically 
provided 
for 
herein, 
no 
Lender, 
L/C 
Issuer, 
or 
their 
Affiliates, other than the Administrative 
Agent, shall have the right to 
institute any suit, action or 
proceeding in 
equity or 
at law 
for the 
foreclosure or 
other realization 
upon any 
Collateral or 
for 
the execution of any trust 
or power in respect of 
the Collateral or for the 
appointment of a receiver 
or for the 
enforcement of any 
other remedy under 
the Collateral Documents; 
it being understood 
and intended 
that no 
one or 
more of 
the Lenders 
or L/C 
Issuer or 
their Affiliates 
shall have 
any 
right in any 
manner whatsoever to 
affect, disturb or 
prejudice the Lien 
of the 
Administrative Agent 
(or any security 
trustee therefor) under 
the Collateral Documents 
by its or 
their action or 
to enforce 
any 
right 
thereunder, 
and 
that 
all 
proceedings 
at 
law 
or 
in 
equity 
shall 
be 
instituted, 
had, 
and 
maintained by the Administrative Agent (or its security 
trustee) in the manner provided for in the 
relevant Collateral Documents 
for the benefit 
of the Lenders, the 
L/C Issuer, and 
their Affiliates. 

Each 
Lender 
and 
L/C 
Issuer 
is 
hereby 
appointed 
agent 
for 
the 
purpose 
of 
perfecting 
the 
Administrative 
Agent’s 
security 
interest 
in 
assets 
which, 
in 
accordance 
with 
Article 9 
of 
the 
Uniform Commercial Code or 
other applicable law can 
be perfected only by 
possession. 
Should 
any 
Lender 
or 
L/C 
Issuer 
(other 
than 
the 
Administrative 
Agent) 
obtain 
possession 
of 
any 
Collateral, such Lender or L/C 
Issuer shall notify the Administrative 
Agent thereof, and, promptly 
upon 
the 
Administrative 
Agent’s 
request 
therefor 
shall 
deliver 
such 
Collateral 
to 
the 
Administrative Agent or in accordance with the Administrative Agent’s instructions. 

 
Section 10.12. 
Authorization 
to 
Release, 
Limit 
or 
Subordinate 
Liens 
or 
to 
Release 
Guaranties.
 
The Administrative Agent 
is hereby irrevocably 
authorized by each 
of the Lenders, 

-100-
the 
L/C Issuer, 
and 
their 
Affiliates 
to 
(a) release 
any 
Lien 
covering 
any 
Collateral 
that 
is 
sold, 
transferred, 
or 
otherwise 
disposed 
of 
in 
accordance 
with 
the 
terms 
and 
conditions 
of 
this 
Agreement 
and 
the 
relevant 
Collateral 
Documents 
(including 
a 
sale, 
transfer, 
or 
disposition 
permitted by 
the terms 
of Section 8.10 
or which 
has otherwise 
been consented 
to in 
accordance 
with Section 13.3), (b) release or subordinate any Lien on Collateral consisting of goods financed 
with purchase 
money indebtedness 
or under 
a Capital 
Lease to 
the extent 
such purchase 
money 
indebtedness or 
Capitalized Lease 
Obligation, and 
the Lien 
securing the 
same, are 
permitted by 
Sections 8.7(b) 
and 
8.8(d), 
(c) reduce 
or 
limit 
the 
amount 
of 
the 
indebtedness 
secured 
by 
any 
particular item 
of Collateral 
to an 
amount not 
less than 
the estimated 
value thereof 
to the 
extent 
necessary to 
reduce mortgage 
registry, 
filing and 
similar tax, 
(d) release Liens 
on the 
Collateral 
following 
termination 
or 
expiration 
of 
the 
Commitments 
and 
payment 
in 
full 
in 
cash 
of 
the 
Obligations (other than contingent 
indemnification obligations) and the 
expiration or termination 
of 
all 
Letters 
of 
Credit 
(other 
than 
Letters 
of 
Credit 
that 
have 
been 
Cash 
Collateralized 
to 
the 
satisfaction 
of 
the 
Administrative 
Agent 
and 
relevant 
L/C 
Issuer) 
and, 
if 
then 
due, 
Hedging 
Liability and 
Bank Product 
Obligations, and 
(e) release any 
Subsidiary from 
its obligations 
as a 
Guarantor if such Person ceases to be a Subsidiary as a result of a transaction permitted under the 
Loan Documents. 
Upon the 
Administrative Agent’s 
request, the 
Required Lenders 
will confirm 
in writing 
the Administrative 
Agent’s 
authority to 
release or subordinate 
its interest 
in particular 
types or items 
of Property or 
to release any 
Person form its 
obligations as a 
Guarantor under the 
Loan Documents.
Section 10.13. 
Authorization of Administrative Agent to 
File Proofs of Claim. 

In case of the 
pendency of any 
proceeding under any 
Debtor Relief Law 
or any other 
judicial proceeding relative 
to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or 
L/C Obligation shall 
then be due 
and payable as 
herein expressed 
or by declaration 
or otherwise 
and 
irrespective 
of 
whether 
the 
Administrative 
Agent 
shall 
have 
made 
any 
demand 
on 
the 
Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:
 
(a) 
to file and prove a claim for 
the whole amount of the principal and 
interest 
owing and unpaid 
in respect 
of the Loans, 
L/C Obligations 
and all 
other Obligations that 
are owing 
and unpaid and 
to file 
such other documents 
as may be 
necessary or advisable 
in 
order 
to 
have 
the 
claims 
of 
Lenders, 
the 
L/C 
Issuer 
and 
the 
Administrative 
Agent 
(including 
any 
claim 
for 
the 
reasonable 
compensation, 
expenses, 
disbursements 
and 
advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective 
agents 
and 
counsel 
and 
all 
other 
amounts 
due 
the 
Lenders, 
the 
L/C 
Issuer 
and 
the 
Administrative 
Agent 
under 
the 
Loan 
Documents 
including, 
but 
not 
limited 
to, 
Sections 3.1, 4.4, 4.5, and 13.4) allowed in such judicial proceeding; and 
 
(b) 
to collect 
and receive 
any monies 
or other 
property payable 
or deliverable 
on any such claims and to distribute the same; 
and any 
custodian, receiver, 
assignee, trustee, 
liquidator, 
sequestrator or 
other similar 
official in 
any such 
judicial proceeding 
is hereby 
authorized by 
each Lender 
and L/C 
Issuer to 
make such 
payments to 
the Administrative 
Agent and, 
in the 
event that 
the Administrative 
Agent shall 
consent 
to 
the 
making 
of 
such 
payments 
directly 
to 
the 
Lenders 
and 
the 
L/C 
Issuer, 
to 
pay 
to 
the 
Administrative Agent any amount due for the 
reasonable compensation, expenses, disbursements 

-101-
and advances of the Administrative Agent and its 
agents and counsel, and any other amounts 
due 
the Administrative Agent under Sections 3.1 and 13.4. 
Nothing contained herein shall be deemed 
to authorize 
the Administrative 
Agent to 
authorize or 
consent to 
or accept 
or adopt 
on behalf 
of 
any 
Lender 
or 
L/C 
Issuer 
any 
plan 
of 
reorganization, 
arrangement, 
adjustment 
or 
composition 
affecting 
the 
Obligations 
or 
the 
rights 
of 
any 
Lender 
or 
L/C 
Issuer 
or 
to 
authorize 
the 
Administrative 
Agent 
to 
vote 
in 
respect 
of 
the 
claim 
of 
any 
Lender 
or 
L/C 
Issuer 
in 
any 
such 
proceeding. 
 
Section 10.14. 
Certain ERISA Matters. 

(a) 
Each Lender (x) represents 
and warrants, as of 
the 
date 
such 
Person 
became 
a 
Lender 
party 
hereto, 
to, 
and 
(y) 
covenants, 
from 
the 
date 
such 
Person became a Lender party 
hereto to the date such 
Person ceases being a Lender 
party hereto, 
for the benefit of, the Administrative Agent and its Affiliates, and not, for the avoidance of doubt, 
to or for the benefit of any 
Borrower or any other Loan Party, 
that at least one of the following 
is 
and will be true: 
 
(i) 
such Lender is not 
using “plan assets” (within 
the meaning of Section 
3(42) 
of 
ERISA 
or 
otherwise) 
of 
one 
or 
more 
Benefit 
Plans 
with 
respect 
to 
such 
Lender’s 
entrance into, participation in, administration of and performance of 
the Loans, the Letters 
of Credit, the Commitments or this Agreement; 
 
(ii) 
the transaction 
exemption set 
forth in one 
or more 
PTEs, such 
as PTE 
84-
14 
(a 
class 
exemption 
for 
certain 
transactions 
determined 
by 
independent 
qualified 
professional 
asset 
managers), 
PTE 
95-60 
(a 
class 
exemption 
for 
certain 
transactions 
involving insurance 
company general accounts), 
PTE 90-1 (a 
class exemption 
for certain 
transactions involving 
insurance company 
pooled separate 
accounts), PTE 
91-38 (a 
class 
exemption for certain transactions involving bank 
collective investment funds) or PTE 96-
23 (a class 
exemption for certain 
transactions determined by 
in-house asset managers), 
is 
applicable with 
respect to 
such Lender’s 
entrance into, 
participation in, 
administration of 
and performance 
of the 
Loans, the 
Letters of 
Credit, the 
Commitments and 
this Agreement; 
or 
 
(iii) 
(A) 
such 
Lender 
is 
an 
investment 
fund 
managed 
by 
a 
“Qualified 
Professional 
Asset 
Manager” 
(within 
the 
meaning 
of 
Part 
VI 
of 
PTE 
84-14), 
(B) 
such 
Qualified 
Professional 
Asset 
Manager 
made 
the 
investment 
decision 
on 
behalf 
of 
such 
Lender to enter 
into, participate in, 
administer and 
perform the Loans, 
the Letters of 
Credit, 
the 
Commitments 
and 
this 
Agreement, 
(C) 
the 
entrance 
into, 
participation 
in, 
administration of 
and performance 
of the 
Loans, the 
Letters of 
Credit, the 
Commitments 
and this 
Agreement satisfies 
the requirements 
of sub-sections 
(b) through 
(g) of 
Part I 
of 
PTE 84-14 and (D) 
to the best knowledge 
of such Lender, 
the requirements of subsection 
(a) 
of 
Part 
I 
of 
PTE 
84-14 
are 
satisfied 
with 
respect 
to 
such 
Lender’s 
entrance 
into, 
participation in, administration of and performance of the Loans, the Letters of Credit, the 
Commitments and this Agreement; or 
 
(iv) 
such 
other 
representation, 
warranty 
and 
covenant 
as 
may 
be 
agreed 
in 
writing between the Administrative Agent, in its sole discretion, and such Lender. 

-102-
 
(b) 
In addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) 
is 
true with 
respect to 
a Lender 
or (2) 
a Lender 
has provided 
another representation, 
warranty and 
covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender 
further (x) represents 
and warrants, as 
of the 
date such Person 
became a Lender 
party hereto, to, 
and (y) covenants, 
from the date 
such Person became 
a Lender party 
hereto to the 
date such Person 
ceases being 
a Lender 
party hereto, 
for the 
benefit of, 
the Administrative 
Agent and 
not, for 
the 
avoidance 
of 
doubt, 
to 
or 
for 
the 
benefit 
of 
any 
Borrower 
or 
any 
other 
Loan 
Party, 
that 
the 
Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such 
Lender’s 
entrance 
into, 
participation 
in, 
administration 
of 
and 
performance 
of 
the 
Loans, 
the 
Letters 
of 
Credit, 
the 
Commitments 
and 
this 
Agreement 
(including 
in 
connection 
with 
the 
reservation or exercise of any rights by 
the Administrative Agent under this Agreement, any 
Loan 
Document or any documents related hereto or thereto). 
 
Section 10.15. 
Recovery of Erroneous Payments
. 
Notwithstanding anything to the contrary 
in 
this 
Agreement, if 
at any 
time 
the Administrative 
Agent 
determines (in 
its 
sole 
and absolute 
discretion) that 
it has 
made a 
payment hereunder 
in error 
to any 
Lender, L/C Issuer 
or other 
secured 
party hereunder, 
whether or 
not in 
respect of 
an Obligation 
due and 
owing by 
the Borrowers 
at 
such time, 
where such 
payment is 
a Rescindable 
Amount, then 
in any 
such event, 
each such 
Person 
receiving a Rescindable 
Amount severally agrees 
to repay to 
the Administrative Agent 
forthwith 
on demand 
the Rescindable 
Amount received 
by such 
Person in 
immediately available 
funds in 
the 
currency 
so 
received, 
with 
interest 
thereon, 
for 
each 
day 
from 
and 
including 
the 
date 
such 
Rescindable Amount is received 
by it to but 
excluding the date of payment 
to the Administrative 
Agent, at the greater of 
the Federal Funds Rate and 
a rate determined by the 
Administrative Agent 
in 
accordance 
with 
banking 
industry 
rules 
on 
interbank 
compensation. 
Each 
Lender, 
each 
L/C 
Issuer and each other secured 
party hereunder irrevocably waives any 
and all defenses, including 
any “discharge 
for value” 
(under which 
a creditor 
might otherwise 
claim a 
right to 
retain funds 
mistakenly 
paid 
by 
a 
third 
party 
in 
respect 
of 
a 
debt 
owed 
by 
another), 
“good 
consideration”, 
“change of 
position” or 
similar defenses 
(whether at 
law or 
in equity) 
to its 
obligation to 
return 
any Rescindable 
Amount. 
The Administrative 
Agent shall 
inform each 
Lender, L/C Issuer 
or other 
secured party hereunder that received a Rescindable Amount promptly upon determining that any 
payment 
made 
to 
such 
Person 
comprised, 
in 
whole 
or 
in 
part, 
a 
Rescindable 
Amount. 
Each 
Person’s obligations, agreements 
and waivers 
under this 
Section 10.16 
shall survive 
the resignation 
or 
replacement 
of 
the 
Administrative 
Agent, 
any 
transfer 
of 
rights 
or 
obligations 
by, 
or 
the 
replacement of, a 
Lender or 
L/C Issuer, the 
termination of the 
Commitments and/or the 
repayment, 
satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document. 
S
ECTION
 
11. 
T
HE 
G
UARANTEES
. 
Section 11.1. 
The Guarantees
. 
To induce the Lenders and 
L/C Issuer to provide 
the credits 
described herein and in consideration of benefits expected to accrue to the Borrower 
by reason of 
the 
Commitments 
and 
for 
other 
good 
and 
valuable 
consideration, 
receipt 
of 
which 
is 
hereby 
acknowledged, 
each 
Wholly-owned 
Subsidiary 
party 
hereto 
(including 
any 
Wholly-owned 
Subsidiary executing 
an Additional 
Guarantor Supplement 
in the 
form attached 
hereto as 
Exhibit F 
or such 
other form 
acceptable to 
the Administrative 
Agent) and 
the Borrower 
(as to 
the Secured 
Obligations of another Loan Party) hereby unconditionally and irrevocably guarantees jointly and 
severally to the Administrative 
Agent, the Lenders, and 
the L/C Issuer and their 
Affiliates, the due 

-103-
and punctual payment of all present and future Secured Obligations, including, but not limited to, 
the 
due 
and 
punctual 
payment 
of 
principal 
of 
and 
interest 
on 
the 
Loans, 
the 
Reimbursement 
Obligations, and the due and punctual payment of all other Obligations now or hereafter owed by 
the 
Borrower 
under 
the 
Loan 
Documents 
and 
the 
due 
and 
punctual 
payment 
of 
all 
Hedging 
Liability and Bank Product Obligations, in each case as and when the same shall become due and 
payable, whether 
at stated 
maturity, 
by acceleration, 
or otherwise, 
according to 
the terms 
hereof 
and 
thereof 
(including 
all 
interest, 
costs, 
fees, 
and 
charges 
after 
the 
entry 
of 
an 
order 
for 
relief 
against the Borrower or such 
other obligor in a 
case under the United 
States Bankruptcy Code or 
any similar proceeding, whether or not such interest, costs, fees and charges would be an allowed 
claim against the Borrower or any such obligor in any such proceeding); 
provided, however,
 
that, 
with respect to 
any Guarantor, 
Hedging Liability guaranteed 
by such Guarantor 
shall exclude all 
Excluded Swap Obligations. 
In case of failure by the Borrower 
or other obligor punctually to pay 
any 
Secured 
Obligations 
guaranteed 
hereby, 
each 
Guarantor 
hereby 
unconditionally 
agrees 
to 
make such payment 
or to cause 
such payment to 
be made punctually 
as and when the 
same shall 
become due and payable, whether at stated 
maturity, by 
acceleration, or otherwise, and as if 
such 
payment 
were 
made 
by 
the 
Borrower 
or 
such 
obligor. 
Only 
direct 
and 
indirect 
Wholly-owned 
Subsidiaries of 
the Borrower 
that are 
Domestic Subsidiaries 
shall be 
required to 
be a 
Guarantor 
and bound by the guaranty provisions of this Section 11. 

Section 11.2. 
Guarantee 
Unconditional
. 
The 
obligations 
of 
each 
Guarantor 
under 
this 
Section 11 
shall 
be 
unconditional 
and 
absolute 
and, 
without 
limiting 
the 
generality 
of 
the 
foregoing, shall not be released, discharged, or otherwise affected by: 
 
(a) 
any 
extension, 
renewal, 
settlement, 
compromise, 
waiver, 
or 
release 
in 
respect of any 
obligation of any 
Loan Party or 
other obligor or 
of any other 
guarantor under 
this Agreement or any other Loan Document or by operation of law or otherwise; 
 
(b) 
any modification or amendment of or supplement to this Agreement or any 
other 
Loan 
Document 
or 
any 
agreement 
relating 
to 
Hedging 
Liability 
or 
Bank 
Product 
Obligations; 
 
(c) 
any 
change 
in 
the 
corporate 
existence, 
structure, 
or 
ownership 
of, 
or 
any 
insolvency, 
bankruptcy, 
reorganization, 
or 
other 
similar 
proceeding 
affecting, 
any 
Loan 
Party or 
other obligor, any 
other guarantor, or 
any of 
their respective 
assets, or 
any resulting 
release or 
discharge of 
any obligation 
of any 
Loan Party 
or other 
obligor or 
of any 
other 
guarantor contained in any Loan Document; 

 
(d) 
the existence of any claim, set-off, 
or other rights which any Loan Party or 
other 
obligor 
or 
any 
other 
guarantor 
may 
have 
at 
any 
time 
against 
the 
Administrative 
Agent, any 
Lender, the L/C Issuer 
or any 
other Person, 
whether or 
not arising 
in connection 
herewith; 
 
(e) 
any 
failure 
to 
assert, 
or 
any 
assertion 
of, 
any 
claim 
or 
demand 
or 
any 
exercise of, 
or failure 
to exercise, 
any rights 
or remedies 
against any 
Loan Party 
or other 
obligor, any other guarantor, or any 
other Person or Property; 

-104-
 
(f) 
any application of any sums by whomsoever paid or howsoever 
realized to 
any obligation 
of any 
Loan Party 
or other 
obligor, 
regardless of 
what obligations 
of any 
Loan Party or other obligor remain unpaid; 
 
(g) 
any invalidity 
or unenforceability 
relating to 
or against 
any Loan 
Party or 
other obligor or any other guarantor 
for any reason of this Agreement 
or of any other Loan 
Document or any agreement relating to Hedging Liability 
or Bank Product Obligations or 
any provision 
of applicable 
law or 
regulation purporting 
to prohibit 
the payment 
by any 
Loan Party 
or other 
obligor or 
any other 
guarantor of 
the principal 
of or 
interest on 
any 
Loan 
or 
any 
Reimbursement 
Obligation 
or 
any 
other 
amount 
payable 
under 
the 
Loan 
Documents or 
any agreement 
relating to 
Hedging Liability 
or Bank 
Product Obligations; 
or 
 
(h) 
any other act or omission to act or 
delay of any kind by the Administrative 
Agent, 
any 
Lender, 
the 
L/C Issuer, 
or 
any 
other 
Person 
or 
any 
other 
circumstance 
whatsoever 
that 
might, 
but 
for 
the 
provisions 
of 
this 
subsection, 
constitute 
a 
legal 
or 
equitable discharge of the obligations of any Guarantor under this Section 11. 
Section 11.3. 
Discharge 
Only 
upon 
Payment 
in 
Full; 
Reinstatement 
in 
Certain 
Circumstances
. 
Each Guarantor’s obligations under this Section 11 shall remain in full force 
and 
effect until the 
Commitments are terminated, all 
Letters of Credit have 
expired, and the principal 
of and 
interest on 
the Loans 
and all 
other amounts 
payable by 
the Borrower 
and the 
other Loan 
Parties under this 
Agreement and all other 
Loan Documents and, 
if then outstanding 
and unpaid, 
all Hedging Liability 
and Bank Product 
Obligations shall have 
been paid in 
full. 
If at any 
time any 
payment of the principal 
of or interest on 
any Loan or any 
Reimbursement Obligation or any 
other 
amount payable by 
any Loan Party 
or other obligor 
or any guarantor 
under the Loan 
Documents 
or any agreement relating 
to Hedging Liability or 
Bank Product Obligations is 
rescinded or must 
be otherwise restored or 
returned upon the insolvency, bankruptcy, or reorganization of such 
Loan 
Party or 
other obligor 
or of 
any guarantor, 
or otherwise, 
each Guarantor’s 
obligations under 
this 
Section 11 with 
respect to such payment 
shall be reinstated at 
such time as though 
such payment 
had become due but had not been made at such time. 
Section 11.4. 
Subrogation
. 
Each Guarantor agrees 
it will not 
exercise any rights 
which it 
may acquire 
by way 
of subrogation 
by any 
payment made 
hereunder, 
or otherwise, 
until all 
the 
Secured 
Obligations 
shall 
have 
been 
paid 
in 
full 
subsequent 
to 
the 
termination 
of 
all 
the 
Commitments and expiration 
of all Letters of 
Credit. 
If any amount shall 
be paid to a 
Guarantor 
on account of such subrogation rights 
at any time prior to 
the later of (x) the payment 
in full of the 
Secured Obligations 
and all 
other amounts 
payable by 
the Loan 
Parties hereunder 
and the 
other 
Loan 
Documents 
and 
(y) the 
termination 
of 
the 
Commitments 
and 
expiration 
of 
all 
Letters 
of 
Credit, such amount shall be 
held in trust for the 
benefit of the Administrative Agent, 
the Lenders, 
and the 
L/C Issuer (and 
their Affiliates) 
and shall 
forthwith be 
paid to 
the Administrative 
Agent 
for the benefit of the Lenders and L/C Issuer 
(and their Affiliates) or be credited and applied upon 
the 
Secured 
Obligations, 
whether 
matured 
or 
unmatured, 
in 
accordance 
with 
the 
terms 
of 
this 
Agreement. 

-105-
Section 11.5. 
Subordination
. 
Each Guarantor (each referred 
to herein as a 
“Subordinated 
Creditor”
) hereby subordinates the payment of all indebtedness, obligations, and liabilities of the 
Borrower 
or 
other 
Loan 
Party 
owing 
to 
such 
Subordinated 
Creditor, 
whether 
now 
existing 
or 
hereafter arising, 
to the 
indefeasible payment 
in full 
in cash 
of all 
Secured Obligations. 
During 
the existence of any 
Event of Default, subject to 
Section 11.4, any 
such indebtedness, obligation, 
or 
liability 
of 
the 
Borrower 
or 
other 
Loan 
Party 
owing 
to 
such 
Subordinated 
Creditor 
shall 
be 
enforced and performance received by such Subordinated Creditor as trustee for the benefit of 
the 
holders 
of 
the 
Secured 
Obligations 
and 
the 
proceeds 
thereof 
shall 
be 
paid 
over 
to 
the 
Administrative 
Agent 
for 
application to 
the 
Secured 
Obligations 
(whether 
or 
not 
then due), 
but 
without reducing or affecting in any manner the liability of such Guarantor under this Section 11. 
Section 11.6. 
Waivers
. 
Each 
Guarantor 
irrevocably 
waives 
acceptance 
hereof, 
presentment, demand, protest, and any notice 
not provided for herein, as well 
as any requirement 
that at 
any time any 
action be taken 
by the Administrative 
Agent, any Lender, 
the L/C Issuer, 
or 
any other Person 
against the Borrower 
or any other 
Loan Party or 
other obligor, another guarantor, 
or any other Person. 
 
Section 11.7. 
Limit on Recovery
. 
Notwithstanding any other provision hereof, the right of 
recovery against each Guarantor under this Section 11 shall not 
exceed $1.00 less than the lowest 
amount which would 
render such Guarantor’s 
obligations under this 
Section 11 void 
or voidable 
under applicable law, including, without limitation, fraudulent conveyance law. 
Section 11.8. 
Stay of Acceleration
. 
If acceleration of the 
time for payment of 
any amount 
payable by the 
Borrower or other 
Loan Party or 
other obligor under 
this Agreement or 
any other 
Loan 
Document, 
or 
under 
any 
agreement 
relating 
to 
Hedging 
Liability 
or 
Bank 
Product 
Obligations, is stayed upon the insolvency, 
bankruptcy or reorganization of the 
Borrower or such 
other Loan Party or obligor, all such amounts otherwise subject to acceleration under the terms of 
this Agreement 
or the 
other Loan 
Documents, or 
under any 
agreement relating 
to Hedging 
Liability 
or Bank Product Obligations, shall nonetheless be payable by the Guarantors hereunder forthwith 
on demand by the 
Administrative Agent made at 
the request or otherwise 
with the consent of 
the 
Required Lenders. 
Section 11.9. 
Benefit to 
Guarantors
. 
The Loan 
Parties are 
engaged in 
related businesses 
and integrated to such an extent that the 
financial strength and flexibility of the Borrower and 
the 
other Loan 
Parties has 
a direct 
impact on 
the success 
of each other 
Loan Party. 
Each Guarantor 
will derive substantial direct 
and indirect benefit 
from the extensions 
of credit hereunder, and each 
Guarantor acknowledges that this guarantee is necessary or convenient to the 
conduct, promotion 
and attainment of its business. 
Section 11.10. 
Keepwell
. 
Each 
Qualified 
ECP 
Guarantor 
hereby 
jointly 
and 
severally 
absolutely, 
unconditionally and irrevocably 
undertakes to provide 
such funds or 
other support as 
may be 
needed from 
time to 
time by 
each other 
Loan Party 
to honor 
all of 
its obligations 
under 
this 
Guaranty 
in 
respect 
of 
Swap 
Obligations 
(provided, 
however, 
that 
each 
Qualified 
ECP 
Guarantor shall 
only be 
liable under 
this Section 
for the 
maximum amount 
of such 
liability that 
can be hereby 
incurred without rendering 
its obligations under 
this Section, 
or otherwise under 
this 
Guaranty, voidable 
under applicable law relating to fraudulent conveyance or fraudulent transfer, 

-106-
and 
not 
for 
any 
greater 
amount). 
The 
obligations 
of 
each 
Qualified 
ECP 
Guarantor 
under 
this 
Section shall 
remain in 
full force 
and effect 
until discharged 
in accordance 
with Section 11.3. 
Each 
Qualified ECP Guarantor intends that 
this Section constitute, and this 
Section shall be deemed to 
constitute, a “keepwell, support, 
or other agreement” for 
the benefit of each 
other Loan Party for 
all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

S
ECTION
 
12. 
C
OLLATERAL
. 
Section 12.1. 
Collateral
. 
The Secured 
Obligations shall 
be secured 
by valid, 
perfected, and 
enforceable Liens 
on all right, 
title, and 
interest of 
each Loan 
Party in 
all of 
its accounts, 
chattel 
paper, instruments, documents, 
payment intangibles,
letter-of-credit rights, supporting 
obligations, 
deposit accounts, inventory and 
farm products and certain 
other Property as specifically 
set forth 
in the Collateral Documents whether now 
owned or hereafter acquired or 
arising, and all proceeds 
thereof; 
provided, 
however, 
that: 
(i) the 
Collateral 
shall 
not 
include 
Excluded 
Property, 
and 
(ii) 
the Collateral need not include (or 
be perfected if a Lien is 
granted) those assets of any Loan 
Party 
as 
to 
which 
the 
Administrative 
Agent 
in 
its 
sole 
discretion 
determines 
that 
the 
cost 
of 
obtaining a 
security interest 
in or 
perfection thereof 
are excessive 
in relation 
to the 
value of 
the 
security to be 
afforded thereby. 
Each Loan Party 
acknowledges and agrees 
that the Liens 
on the 
Collateral shall be 
granted to the 
Administrative Agent for 
the benefit of 
the holders of 
the Secured 
Obligations and shall be valid and perfected first priority Liens (to the extent perfection by filing, 
registration, recordation, possession or control is required herein or in any other Loan Document) 
subject to 
the proviso 
appearing at 
the end 
of the 
preceding sentence 
and to 
Liens permitted 
by 
Section 8.8, in each 
case pursuant to one 
or more Collateral 
Documents from such 
Persons, each 
in form and substance satisfactory to the Administrative Agent. 

Section 12.2. 
Depository Banks
. 
Each Loan Party shall 
maintain the Administrative Agent 
(or 
one 
of 
its 
Affiliates) 
as 
its 
primary 
depository 
bank, 
including 
for 
its 
principal 
operating, 
administrative, 
cash 
management, 
lockbox 
arrangements, 
collection 
activity, 
and 
other 
deposit 
accounts for the conduct of its business. 
Section 12.3. 
Further Assurances
. 
Each Loan Party agrees that 
it shall, from time to 
time 
at the request of 
the Administrative Agent, execute 
and deliver such documents 
and do such acts 
and things as 
the Administrative Agent 
may reasonably request in 
order to provide for 
or perfect 
or protect such 
Liens on the 
Collateral. 
In the event 
any Loan Party 
forms or acquires 
any other 
Subsidiary after the 
date hereof, except 
as otherwise provided 
in the 
definition of Guarantor, 
the 
Loan 
Parties 
shall 
promptly 
upon 
such 
formation 
or 
acquisition 
cause 
such 
newly 
formed 
or 
acquired 
Subsidiary 
to 
execute 
a 
Guaranty 
Agreement 
and 
such 
Collateral 
Documents 
as 
the 
Administrative 
Agent 
may 
then 
require, 
and 
the 
Loan 
Parties 
shall 
also 
deliver 
to 
the 
Administrative 
Agent, 
or 
cause 
such 
Subsidiary 
to 
deliver 
to 
the 
Administrative 
Agent, 
at 
the 
Borrower’s 
cost 
and 
expense, 
such 
other 
instruments, 
documents, 
certificates, 
and 
opinions 
reasonably required by the Administrative Agent in connection therewith. 

-107-
S
ECTION
 
13. 
M
ISCELLANEOUS
. 
 
Section 13.1. 
Notices
. 

 
(a) 
Notices Generally. 

Except in the 
case of notices 
and other communications 
expressly 
permitted to 
be given 
by telephone 
(and except 
as provided 
in subsection (b) 
below), all 
notices 
and other communications 
provided for herein 
shall be in 
writing and shall 
be delivered by 
hand 
or overnight courier services or mailed by certified or registered mail as follows: 
 
(i) 
if to 
the Borrower or 
any other 
Loan Party, 
to it at 
1052 Highland 
Colony 
Parkway, Suite 200, Ridgeland, 
MS 39157, Attention 
of Max Bowman, 
Vice President and 
Chief Financial Officer; Telephone No. (601) 718-4238 with a 
copy to the same address 
to 
the attention of Robert Holladay, General Counsel; Telephone 
No. (601) 948-6813; 
 
(ii) 
if to the Administrative Agent or 
to BMO Harris Bank N.A. in 
its capacity 
as 
L/C 
Issuer, 
to 
BMO 
Harris 
Bank 
N.A. 
at 
111 
West 
Monroe 
Street, 
Chicago, 
Illinois 
60603, Attention of David J. Bechstein; Telephone No. (312) 461-5174); 
 
(iii) 
if 
to 
a 
Lender, 
to 
it 
at 
its 
address 
set 
forth 
in 
its 
Administrative 
Questionnaire. 
Notices sent by 
hand or overnight 
courier service, or 
mailed by certified 
or registered mail, 
shall 
be 
deemed 
to 
have 
been 
given 
when 
received. 
Notices 
delivered 
through 
electronic 
communications, to the extent 
provided in subsection (b) below, 
shall be effective 
as provided in 
said subsection (b). 
 
(b) 
Electronic Communications. 

Notices and other 
communications to the 
Lenders and 
the L/C Issuers hereunder may be 
delivered or furnished by electronic communication (including 
e-mail and 
Internet or 
intranet websites) 
pursuant to 
procedures approved 
by the 
Administrative 
Agent, 
provided 
that the foregoing shall not apply to notices to any Lender 
or L/C Issuer pursuant 
to 
Sections 2.2, 
2.3 
and 
2.6 
if 
such 
Lender 
or 
L/C 
Issuer, 
as 
applicable, 
has 
notified 
the 
Administrative Agent 
that it 
is incapable 
of receiving 
notices under 
such Sections 
by electronic 
communication. 
The Administrative Agent or the 
Borrower may, in its discretion, agree to accept 
notices 
and 
other 
communications 
to 
it 
hereunder 
by 
electronic 
communications 
pursuant 
to 
procedures approved by it; 
provided 
that approval of such procedures may be limited 
to particular 
notices or communications. 
Unless 
the 
Administrative 
Agent 
otherwise 
prescribes, 
(i) notices 
and 
other 
communications sent 
to an e-mail 
address shall be 
deemed received 
upon the sender’s 
receipt of 
an 
acknowledgement 
from 
the 
intended 
recipient 
(such 
as 
by 
the 
“return 
receipt 
requested” 
function, 
as 
available, 
return 
e-mail 
or 
other 
written 
acknowledgement), 
and 
(ii) notices 
or 
communications 
posted 
to 
an 
Internet 
or 
intranet 
website 
shall 
be 
deemed 
received 
upon 
the 
deemed 
receipt 
by 
the 
intended 
recipient, 
at 
its 
e-mail 
address 
as 
described 
in 
the 
foregoing 
clause (i), 
of 
notification 
that 
such 
notice 
or 
communication 
is 
available 
and 
identifying 
the 
website address therefor; 
provided 
that, for both clauses (i) and (ii) above, if such notice, email or 
other communication is not sent 
during the normal business hours of 
the recipient, such notice or 

-108-
communication shall be deemed to have been sent at the opening of business on the next business 
day for the recipient. 
 
(c) 
Change of 
Address, etc. 

Any party 
hereto may 
change its 
address or 
facsimile number 
for notices and other communications hereunder by notice to the other parties hereto. 
 
(d) 
Platform. 

(i) Each Loan 
Party agrees 
that the 
Administrative Agent 
may, 
but shall 
not be obligated to, make 
the Communications (as defined below) 
available to the L/C Issuers 
and 
the 
other 
Lenders 
by 
posting 
the 
Communications 
on 
Debt 
Domain, 
Intralinks, 
Syndtrak 
or 
a 
substantially similar electronic transmission system (the 
“Platform”
). 
 
(ii) 
The Platform is provided “as is” and 
“as available.” 
The Agent Parties (as 
defined below) 
do not 
warrant the 
adequacy of 
the Platform 
and expressly 
disclaim liability 
for errors or omissions 
in the Communications. 
No warranty of any kind, 
express, implied 
or statutory, 
including, without 
limitation, any 
warranty 
of merchantability, 
fitness for 
a 
particular purpose, non-infringement of third-party 
rights or freedom from viruses 
or other 
code defects, 
is made 
by any 
Agent Party 
in connection 
with the 
Communications or 
the 
Platform. 
In 
no 
event 
shall 
the 
Administrative 
Agent 
or 
any 
of 
its 
Related 
Parties 
(collectively, 
the 
“Agent 
Parties”
) 
have 
any 
liability 
to 
the Borrower 
or 
the 
other 
Loan 
Parties, 
any 
Lender 
or 
any 
other 
Person 
or 
entity 
for 
damages 
of 
any 
kind, 
including, 
without limitation, 
direct or 
indirect, special, 
incidental or 
consequential damages, 
losses 
or expenses (whether 
in tort, contract 
or otherwise) arising 
out of the 
Borrower’s, any Loan 
Party’s 
or 
the 
Administrative 
Agent’s 
transmission 
of 
communications 
through 
the 
Platform, except to the extent that such losses, claims, damages and liabilities or expenses 
are determined by a court of competent jurisdiction by final and non-appealable judgment 
to 
have 
resulted 
from 
the 
gross 
negligence 
or 
willful 
misconduct 
of 
the 
Agent 
Parties. 

“Communications”
 
means, collectively, any 
notice, demand, 
communication, information, 
document or 
other material 
provided by 
or on 
behalf 
of any 
Loan Party 
pursuant to 
any 
Loan 
Document 
or 
the 
transactions 
contemplated 
therein 
which 
is 
distributed 
to 
the 
Administrative 
Agent, 
any 
Lender 
or 
any 
L/C 
Issuer 
by 
means 
of 
electronic 
communications pursuant to this Section, including through the Platform. 
 
(e) 
Private Side Designation
. 
Each public Lender agrees to cause at least 
one individual 
at or on behalf of 
such public Lender to all 
times have selected the “Private 
Side Information” or 
similar designation on 
the content declaration 
screen of the 
Platform in order 
to enable such 
public 
Lender 
or 
its 
delegate, 
in 
accordance 
with 
such 
public 
Lender’s 
compliance 
procedures 
and 
applicable 
laws, 
including 
United 
States 
Federal 
and 
state 
securities 
applicable 
laws, 
to 
make 
reference to Borrower or any 
Loan Party materials that are 
not made available through the 
“Public 
Side Information” 
portion of 
the Platform 
and that 
may contain 
material non-public 
information 
with respect 
to the 
Borrower or 
any Loan 
Party or 
their securities 
for purposes 
of United 
States 
Federal or state securities applicable laws. 
Section 13.2. 
Successors and Assigns
. 

 
(a) 
Successors and 
Assigns Generally. 
 
The provisions 
of this 
Agreement shall 
be binding 
upon 
and 
inure 
to 
the 
benefit 
of 
the 
parties 
hereto 
and 
their 
respective 
successors 
and 
assigns 

-109-
permitted 
hereby, 
except 
that 
neither 
the 
Borrower 
nor 
any 
other 
Loan 
Party 
may 
assign 
or 
otherwise transfer 
any of 
its rights 
or obligations 
hereunder without 
the prior 
written consent 
of 
the Administrative Agent and each 
Lender, and no Lender may assign 
or otherwise transfer any of 
its rights 
or obligations 
hereunder except 
(i) to an 
assignee in 
accordance with 
the provisions 
of 
paragraph (b) 
of 
this 
Section, 
(ii) by 
way 
of 
participation 
in 
accordance 
with 
the 
provisions 
of 
paragraph (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject 
to the restrictions of paragraph (e) of this Section (and any other attempted assignment or transfer 
by any party 
hereto shall be 
null and void). 
Nothing in this 
Agreement, expressed or 
implied, shall 
be construed to confer 
upon any Person (other 
than the parties hereto, 
their respective successors 
and assigns permitted 
hereby, 
Participants to the 
extent provided in 
paragraph (d) of this 
Section 
and, to the 
extent expressly contemplated 
hereby, the Related Parties of 
each of the 
Administrative 
Agent and 
the Lenders) 
any legal 
or equitable 
right, remedy 
or claim 
under or 
by reason 
of this 
Agreement. 
 
(b) 
Assignments by 
Lenders. 

Any Lender 
may at 
any time 
assign to 
one or 
more assignees 
all or a portion of its rights and obligations 
under this Agreement (including all or a portion of 
its 
Commitments and 
the Loans at 
the time 
owing to it); 
provided
 
that (in 
each case with 
respect to 
any Facility) any such assignment shall be subject to the following conditions: 
 
(i) 
Minimum Amounts. 

(A) in the 
case of 
an assignment 
of the 
entire remaining 
amount of the 
assigning Lender’s Commitments 
and the Loans 
at the time 
owing to it (in 
each case 
with respect 
to any 
Facility) or 
in the 
case of 
an assignment 
to a 
Lender or 
an 
Affiliate of a Lender, no minimum amount need be assigned; and 
 
(B) 
in 
any 
case 
not 
described 
in 
paragraph (b)(i)(A) 
of 
this 
Section, 
the 
aggregate 
amount 
of 
the 
relevant 
Commitment 
(which 
for 
this 
purpose 
includes 
Loans 
outstanding thereunder) 
or, if the 
applicable Commitment 
is not 
then in 
effect, the principal 
outstanding balance of the Loans of the assigning Lender subject to each such 
assignment 
(determined as 
of the 
date the 
Assignment and 
Assumption with 
respect to 
such assignment 
is delivered to 
the Administrative Agent 
or, if 
“Trade Date” 
is specified in 
the Assignment 
and Assumption, as of 
the Trade Date) shall not 
be less than 
$5,000,000, unless each of 
the 
Administrative Agent and, so long as 
no Event of Default has occurred 
and is continuing, 
the Borrower 
otherwise consents 
(each such 
consent not 
to be 
unreasonably withheld 
or 
delayed). 
 
(ii) 
Proportionate 
Amounts. 

Each 
partial 
assignment 
shall 
be 
made 
as 
an 
assignment of 
a proportionate 
part of 
all the 
assigning Lender’s 
rights and 
obligations under 
this Agreement with respect to the Loan or the Commitment assigned. 
 
(iii) 
Required Consents. 

No consent 
shall be 
required for 
any assignment 
except 
to the extent required by paragraph (b)(i)(B) of this Section and, in addition: 
 
(A) 
the consent 
of the 
Borrower (such 
consent not 
to be 
unreasonably 
withheld or delayed) shall be required 
unless (x) an Event of Default 
has occurred 
and 
is 
continuing 
at 
the 
time 
of 
such 
assignment, 
or 
(y) 
such 
assignment 
is 
to 
a 
Lender or an Affiliate 
of a Lender; 
provided
 
that the Borrower shall be 
deemed to 

-110-
have 
consented 
to 
any 
such 
assignment 
unless 
it 
shall 
object 
thereto 
by 
written 
notice 
to 
the 
Administrative 
Agent 
within 
ten (10) 
Business 
Days 
after 
having 
received notice thereof; 
 
(B) 
the 
consent 
of 
the 
Administrative 
Agent 
(such 
consent 
not 
to 
be 
unreasonably withheld 
or delayed) 
shall be 
required for 
assignments in 
respect of 
(i) the Revolving Facility 
if such assignment 
is to a 
Person that is not 
a Lender with 
a Commitment in respect of 
the Revolving Facility or an 
Affiliate of such Lender, 
or (ii) any Incremental Term 
Loans to a Person who is not a Lender or an Affiliate 
of a Lender; and 
 
(C) 
the 
consent 
of 
each 
L/C 
Issuer 
and 
Swingline 
Lender 
shall 
be 
required for any assignment in respect of the Revolving Facility. 
 
(iv) 
Assignment and Assumption. 

The parties to each assignment 
shall execute 
and deliver 
to the 
Administrative Agent 
an Assignment 
and Assumption, 
together with 
a 
processing and recordation fee of $3,500; 
provided 
that the Administrative Agent may, 
in 
its sole 
discretion, elect 
to waive 
such processing 
and recordation 
fee in 
the case 
of any 
assignment
. 
 
The assignee, if 
it is not 
a Lender, 
shall deliver to 
the Administrative Agent 
an Administrative Questionnaire. 
 
(v) 
No Assignment 
to Certain 
Persons. 

No such 
assignment shall 
be made 
to 
(A) the Borrower or any other Loan Party 
or any Loan Party’s Affiliates or Subsidiaries or 
(B) to any Defaulting 
Lender or any 
of its Subsidiaries, 
or any Person 
who, upon becoming 
a 
Lender 
hereunder, 
would 
constitute 
any 
of 
the 
foregoing 
Persons 
described 
in 
this 
clause (B). 
 
(vi) 
No Assignment to Natural Persons. 

No such assignment shall be made to 
a 
natural 
Person 
(or 
a 
holding 
company, 
investment 
vehicle 
or 
trust 
for 
or 
owned 
and 
operated 
for 
the 
primary 
benefit 
of 
a 
natural 
person) 
(herein 
any 
of 
the 
foregoing 
is 
a 
“natural Person”). 
 
(vii) 
Certain Additional Payments. 

In connection with any assignment of rights 
and obligations of any Defaulting Lender 
hereunder, no such assignment shall be effective 
unless and 
until, in 
addition to 
the other 
conditions thereto 
set forth 
herein, the 
parties to 
the 
assignment 
shall 
make 
such 
additional 
payments 
to 
the 
Administrative 
Agent 
in 
an 
aggregate 
amount 
sufficient, 
upon 
distribution 
thereof 
as 
appropriate 
(which 
may 
be 
outright payment, purchases by the 
assignee of participations or subparticipations, 
or other 
compensating 
actions, 
including 
funding, 
with 
the 
consent 
of 
the 
Borrower 
and 
the 
Administrative Agent, the applicable pro rata share of 
Loans previously requested but not 
funded by 
the Defaulting 
Lender, 
to each 
of which 
the applicable 
assignee and 
assignor 
hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed 
by 
such 
Defaulting 
Lender 
to 
the 
Administrative 
Agent, 
each 
L/C 
Issuer, 
the 
Swingline 
Lender 
and 
each 
other 
Lender 
hereunder 
(and 
interest 
accrued 
thereon), 
and 
(y) acquire 
(and fund as appropriate) its full pro rata share of 
all Loans and participations in Letters of 
Credit 
and 
Swingline 
Loans 
in 
accordance 
with 
its 
Percentage. 
Notwithstanding 
the 

-111-
foregoing, 
in 
the 
event 
that 
any 
assignment 
of 
rights 
and 
obligations 
of 
any 
Defaulting 
Lender 
hereunder 
shall 
become 
effective 
under applicable 
law 
without 
compliance 
with 
the provisions of this paragraph, then the assignee of such interest shall be deemed to be a 
Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
Subject to acceptance 
and recording thereof 
by the 
Administrative Agent 
pursuant to 
paragraph (c) 
of this 
Section, from 
and after 
the effective 
date specified 
in each 
Assignment and 
Assumption, 
the assignee 
thereunder shall be 
a party 
to this Agreement 
and, to 
the extent 
of the interest 
assigned 
by 
such 
Assignment 
and 
Assumption, 
have 
the 
rights 
and 
obligations 
of 
a 
Lender 
under 
this 
Agreement, 
and 
the 
assigning 
Lender 
thereunder 
shall, 
to 
the 
extent 
of the 
interest 
assigned 
by 
such Assignment and Assumption, be released from its obligations under this Agreement 
(and, in 
the 
case 
of 
an 
Assignment 
and 
Assumption 
covering 
all 
of 
the 
assigning 
Lender’s 
rights 
and 
obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue 
to 
be 
entitled 
to 
the 
benefits 
of 
Sections 13.4 
and 
13.6 
with 
respect 
to 
facts 
and 
circumstances 
occurring 
prior 
to 
the 
effective 
date 
of 
such 
assignment; 
provided 
that 
except 
to 
the 
extent 
otherwise 
expressly 
agreed 
by 
the 
affected 
parties, 
no 
assignment 
by 
a 
Defaulting 
Lender 
will 
constitute a 
waiver or 
release of 
any claim 
of any 
party hereunder 
arising from 
that Lender’s 
having 
been a Defaulting Lender. 
Any assignment or transfer by 
a Lender of rights or obligations 
under 
this 
Agreement 
that 
does 
not 
comply 
with 
this 
paragraph 
shall 
be 
treated 
for 
purposes 
of 
this 
Agreement as a sale by 
such Lender of a participation 
in such rights and obligations 
in accordance 
with paragraph (d) of this Section. 
 
(c) 
Register. 

The Administrative Agent, acting solely for this purpose as an agent of the 
Borrower, shall 
maintain at one 
of its offices 
in Chicago, Illinois
a copy of 
each Assignment and 
Assumption 
delivered 
to 
it 
and a 
register 
for 
the recordation 
of 
the names 
and addresses 
of the 
Lenders, and the Commitments of, and principal amounts 
(and stated interest) of the Loans owing 
to, each Lender pursuant 
to the terms 
hereof from time to 
time (the 
“Register”
). 
The entries in the 
Register shall 
be conclusive 
absent manifest 
error, 
and the 
Borrower, 
the Administrative 
Agent 
and the 
Lenders shall 
treat each 
Person whose 
name 
is recorded 
in the 
Register pursuant 
to the 
terms 
hereof 
as 
a 
Lender 
hereunder 
for 
all 
purposes 
of 
this 
Agreement. 
The 
Register 
shall 
be 
available for inspection by the Borrower and any Lender, at any reasonable time and from time to 
time upon reasonable prior notice. 
 
(d) 
Participations. 

Any Lender may at any 
time, without the consent of, 
or notice to, the 
Borrower 
or 
the 
Administrative 
Agent, 
sell 
participations 
to 
any 
Person 
(other 
than 
a 
natural 
Person or the Borrower 
or any other Loan 
Party or any Loan 
Party’s 
Affiliates or Subsidiaries 
or 
any other Person prohibited under 
Section 13.2 (b)(v) (each, a 
“Participant”
) in all or a 
portion of 
such 
Lender’s 
rights 
and/or 
obligations 
under 
this 
Agreement 
(including 
all 
or 
a 
portion 
of 
its 
Commitments and/or the 
Loans owing to 
it);
 
provided
 
that (i) such Lender’s obligations 
under this 
Agreement shall 
remain unchanged, 
(ii) such Lender 
shall remain 
solely responsible to 
the other 
parties hereto for the 
performance of such obligations, 
and (iii) the Borrower, 
the Administrative 
Agent, the L/C Issuers and Lenders shall 
continue to deal solely and directly with 
such Lender in 
connection with such Lender’s rights and obligations under this Agreement. 
For the avoidance of 
doubt, each Lender shall 
be responsible for 
the indemnity under Section 10.8 
with respect to 
any 
payments made by such Lender to its Participant(s). 

-112-
Any agreement 
or instrument 
pursuant to 
which a 
Lender sells 
such a 
participation shall 
provide that such Lender shall 
retain the sole right to 
enforce this Agreement and 
to approve any 
amendment, 
modification 
or 
waiver 
of 
any 
provision 
of 
this 
Agreement; 
provided 
that 
such 
agreement 
or 
instrument 
may 
provide 
that 
such 
Lender 
will 
not, 
without 
the 
consent 
of 
the 
Participant, 
agree 
to 
any 
amendment, 
modification 
or 
waiver 
described 
in 
Section 13.3 
that 
expressly relate to amendments requiring the unanimous consent 
of the Lenders in the Revolving 
Facility in which such Participant participates. 
The Borrower agrees that each 
Participant shall be 
entitled to 
the benefits 
of Sections 4.1, 
4.4, and 
4.5 (subject 
to the 
requirements and 
limitations 
therein, 
including 
the 
requirements 
under 
Section 4.1(g) 
(it 
being 
understood 
that 
the 
documentation required under Section 4.1(g) 
shall be delivered to 
the participating Lender)) to 
the 
same 
extent 
as 
if 
it 
were 
a 
Lender 
and 
had 
acquired 
its 
interest 
by 
assignment 
pursuant 
to 
paragraph (b) 
of 
this 
Section; 
provided 
that 
such 
Participant 
(A) 
agrees 
to 
be 
subject 
to 
the 
provisions of 
Sections 2.12 and 
4.7 as if 
it were 
an assignee 
under paragraph (b) 
of this Section; 
and (B) shall not be 
entitled to receive any 
greater payment under Sections 4.1
or 4.4, with respect 
to any 
participation, than 
its participating 
Lender would 
have been 
entitled to 
receive, except 
to 
the extent such entitlement to receive a greater payment results from a Change in Law that occurs 
after the 
Participant acquired 
the applicable 
participation. 
Each Lender 
that sells 
a participation 
agrees, 
at 
the 
Borrower’s 
request 
and 
expense, 
to 
use 
reasonable 
efforts 
to 
cooperate 
with 
the 
Borrower to 
effectuate the provisions 
of Section 2.12 
with respect 
to any 
Participant. 
To the extent 
permitted by 
law, 
each Participant 
also shall 
be entitled 
to the 
benefits of 
Section 13.6 (Right 
of 
Setoff) 
as 
though 
it 
were 
a 
Lender; 
provided 
that 
such 
Participant 
agrees 
to 
be 
subject 
to 
Section 13.7 (Sharing of 
Payments by Lenders) as 
though it were 
a Lender. 
Each Lender that sells 
a participation shall, acting solely for 
this purpose as an agent 
of the Borrower, maintain a register 
on which it enters the name and address of each Participant and the principal amounts (and stated 
interest) of each Participant’s interest in 
the Loans or other 
obligations under the Loan 
Documents 
(the 
“Participant Register”
); 
provided
 
that no Lender shall 
have any obligation to 
disclose all or 
any portion of 
the Participant Register 
(including the identity 
of any Participant 
or any information 
relating 
to 
a 
Participant’s 
interest 
in 
any 
commitments, 
loans, 
letters 
of 
credit 
or 
its 
other 
obligations under any 
Loan Document) to 
any Person except 
to the extent 
that such disclosure 
is 
necessary 
to 
establish 
that 
such 
commitment, 
loan, 
letter 
of 
credit 
or 
other 
obligation 
is 
in 
registered form under Section 5f.103-1(c) of the United States Treasury 
Regulations. 
The entries 
in the 
Participant Register 
shall be 
conclusive absent 
manifest error, 
and such 
Lender shall 
treat 
each Person whose name is recorded in the Participant Register as 
the owner of such participation 
for all purposes of this Agreement 
notwithstanding any notice to the contrary. 
For the avoidance 
of 
doubt, 
the 
Administrative 
Agent 
(in 
its 
capacity 
as 
Administrative 
Agent) 
shall 
have 
no 
responsibility for maintaining a Participant Register. 
 
(e) 
Certain Pledges. 

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

Section 13.3. 
Amendments. 
 
Any provision of 
this Agreement or 
the other Loan 
Documents 
may be amended 
or waived if, 
but only if, 
such amendment or 
waiver is in 
writing and is 
signed 
by (a) the Borrower, (b) the Required Lenders (or 
the Administrative Agent acting at the 
direction 

-113-
of 
the 
Required 
Lenders) 
(except 
as 
otherwise 
stated 
below 
to 
require 
only 
the 
consent 
of 
the 
Lenders 
affected 
thereby), 
and 
(c) if 
the 
rights 
or 
duties 
of 
the 
Administrative 
Agent, 
the 
L/C Issuer, or the 
Swingline Lender 
are affected 
thereby, the Administrative 
Agent, the 
L/C Issuer, 
or the Swingline Lender, as applicable; 
provided
 
that:
 
(i) 
no 
amendment 
or 
waiver 
pursuant 
to 
this 
Section 13.3 
shall 
(A) increase 
any 
Commitment 
of 
any 
Lender 
without 
the 
consent 
of 
such 
Lender 
or 
(B) reduce 
the 
amount of or 
postpone the date 
for any scheduled 
payment of any 
principal of or 
interest 
on any Loan or of any 
Reimbursement Obligation or of any 
fee payable hereunder without 
the consent of 
the Lender to 
which such 
payment is owing 
or which has 
committed to 
make 
such Loan 
or Letter 
of Credit 
(or participate 
therein) hereunder; 
provided, 
however,
 
that 
only the 
consent of 
the Required 
Lenders shall 
be necessary 
(i) to amend 
the default 
rate 
provided in Section 2.9 
or to waive 
any obligation of the 
Borrower to pay interest 
or fees 
at the default rate as set forth therein or (ii) to amend any financial covenant hereunder 
(or 
any defined 
term used 
therein) even 
if the 
effect of 
such amendment 
would be 
to reduce 
the rate of interest or any fee payable hereunder; 
 
(ii) 
no amendment or 
waiver pursuant to 
this Section 13.3 shall, 
unless signed 
by each Lender, 
change the definition 
of Required Lenders, 
change the provisions 
of this 
Section 
13.3, 
change 
Section 13.7 
in 
a 
manner 
that 
would 
affect 
the 
ratable 
sharing 
of 
setoffs 
required thereby, 
change the 
application of 
payments contained 
in Section 3.1 
or 
9.5, release 
any material 
Guarantor or 
all or 
substantially all 
of the 
Collateral (except 
as 
otherwise provided for in the Loan 
Documents), or affect the number 
of Lenders required 
to take any action hereunder or under any other Loan Document; 

 
(iii) 
no amendment or 
waiver pursuant to 
this Section 13.3 
shall, unless signed 
by each Lender affected thereby, extend the Revolving 
Credit Termination Date, or extend 
the stated expiration date 
of any Letter of 
Credit beyond the Revolving 
Credit Termination 
Date; and 
 
(iv) 
no 
amendment 
to 
Section 11 
shall 
be 
made 
without 
the 
consent 
of 
the 
Guarantor(s) affected thereby. 
Notwithstanding anything to the contrary herein, (1) no Defaulting Lender shall have 
any right to 
approve or disapprove any 
amendment, waiver or consent 
hereunder (and any amendment, 
waiver 
or consent which by its 
terms requires the consent of 
all Lenders or each affected 
Lender may be 
effected with the consent of 
the applicable Lenders other than 
Defaulting Lenders), except that (x) 
the Commitment of any Defaulting Lender may not be increased 
or extended without the consent 
of such 
Lender and 
(y) any 
waiver, amendment or 
modification requiring 
the consent 
of all 
Lenders 
or each affected Lender that by its terms affects any Defaulting Lender more adversely than other 
affected 
Lenders 
shall 
require 
the 
consent 
of 
such 
Defaulting 
Lender, 
(2) if 
the 
Administrative 
Agent 
and 
the 
Borrower 
have 
jointly 
identified 
an 
obvious 
error 
or 
any 
error 
or 
omission 
of 
a 
technical nature, 
in each 
case, in 
any provision 
of the 
Loan Documents, 
then the 
Administrative 
Agent 
and 
the 
Borrower 
shall 
be 
permitted 
to 
amend 
such 
provision, 
(3) 
guarantees, 
collateral 
security documents 
and related 
documents executed 
by the 
Borrower or 
any other 
Loan Party 
in 
connection with 
this Agreement 
may be 
in a 
form reasonably 
determined by 
the Administrative 

-114-
Agent and 
may be 
amended, supplemented 
or waived 
without the 
consent of 
any Lender 
if such 
amendment, supplement or waiver is 
delivered 
in order to (x) comply with local 
law or advice of 
local 
counsel, 
(y) cure 
ambiguities, 
omissions, 
mistakes 
or 
defects 
or 
(z) cause 
such 
guarantee, 
collateral security document or other 
document to be consistent with 
this Agreement and the other 
Loan 
Documents, 
(4) the 
Borrower 
and 
the 
Administrative 
Agent 
may, 
without 
the 
input 
or 
consent of any other Lender, effect amendments 
to this Agreement and 
the other Loan Documents 
as may 
be necessary 
in the 
reasonable opinion 
of the 
Borrower and 
the Administrative 
Agent to 
effect 
the 
provisions 
of 
Section 2.15, 
and 
(5) this 
Section 
13.3 
shall 
be 
subject 
to 
the 
terms 
of 
Section 4.3(c) in all respects. 

Section 13.4. 
Costs and Expenses; Indemnification
. 

 
(a) 
Costs 
and 
Expenses. 

The 
Borrower 
shall 
pay 
(i) all 
reasonable 
and 
documented 
out-of-pocket 
expenses 
incurred 
by 
the 
Administrative 
Agent 
and 
its 
Affiliates 
(including 
the 
reasonable fees, 
charges and 
disbursements of 
outside counsel 
for the 
Administrative Agent), 
in 
connection 
with 
the 
syndication 
of 
the 
Revolving 
Facility 
of 
any 
Incremental 
Term 
Loan, 
the 
preparation, negotiation, 
execution, delivery 
and administration 
of this 
Agreement and 
the other 
Loan Documents, or 
any amendments, 
modifications or 
waivers of 
the provisions 
hereof or 
thereof 
(whether or 
not the 
transactions contemplated 
hereby or 
thereby shall 
be consummated), 
including, 
without 
limitation, 
such 
documented 
fees 
and 
expenses 
incurred 
in 
connection 
with 
(x) the 
creation, 
perfection 
or 
protection 
of 
the 
Liens 
under 
the 
Loan 
Documents 
(including 
all 
title 
insurance 
fees 
and 
all 
search, 
filing 
and 
recording 
fees) 
and 
(y) environmental 
assessments, 
insurance 
reviews, 
collateral 
audits 
and 
valuations, 
and 
field 
exams 
as 
provided 
herein, 
(ii) all 
documented reasonable out-of-pocket expenses incurred by any L/C Issuer in connection 
with the 
issuance, amendment, 
renewal or 
extension of 
any Letter 
of Credit 
or any 
demand for 
payment 
thereunder, and (iii) all documented 
out-of-pocket expenses 
incurred by the 
Administrative Agent, 
any Lender 
or any 
L/C Issuer 
(including the 
fees, charges 
and disbursements 
of any 
outside counsel 
for 
the 
Administrative 
Agent, 
any 
Lender 
or 
any 
L/C 
Issuer), 
and 
shall 
pay 
all 
fees 
and 
time 
charges for attorneys who may be employees of the Administrative Agent, 
any Lender or any L/C 
Issuer, 
in connection 
with the 
enforcement or 
protection of 
its rights 
(A) in connection 
with this 
Agreement 
and 
the 
other 
Loan 
Documents, 
including 
its 
rights 
under 
this 
Section, 
or 
(B) in 
connection 
with 
the 
Loans 
made 
or 
Letters 
of 
Credit 
issued 
hereunder, 
including 
all 
such 
documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in 
respect 
of 
such 
Loans 
or 
Letters 
of 
Credit 
(including 
all 
such 
costs 
and 
expenses 
incurred 
in 
connection with any proceeding 
under the United 
States Bankruptcy Code involving 
the Borrower 
or any other Loan Party as a debtor thereunder). 
 
(b) 
Indemnification 
by 
the 
Loan 
Parties. 

Each 
Loan 
Party 
shall 
indemnify 
the 
Administrative 
Agent 
(and 
any 
sub-agent 
thereof), 
each 
Lender 
and 
each 
L/C 
Issuer, 
and 
each 
Related Party 
of any 
of the 
foregoing Persons 
(each such 
Person being 
called an 
“Indemnitee”
) 
against, and hold 
each Indemnitee harmless 
from, any and 
all losses, claims, 
damages, liabilities 
and related expenses 
(including the fees, 
charges and disbursements 
of any outside 
counsel for any 
Indemnitee), 
incurred 
by 
any 
Indemnitee 
or 
asserted 
against 
any 
Indemnitee 
by 
any 
Person 
(including any third 
party or the 
Borrower or any 
other Loan Party) 
arising out of, 
in connection 
with, or 
as a result 
of (i) the 
execution or 
delivery of 
this Agreement, 
any other 
Loan Document 
or any 
agreement or 
instrument contemplated 
hereby or 
thereby, 
the performance 
by the 
parties 

-115-
hereto 
of 
their 
respective 
obligations 
hereunder 
or 
thereunder 
or 
the 
consummation 
of 
the 
transactions 
contemplated 
hereby 
or 
thereby, 
or, 
in 
the 
case 
of 
Administrative 
Agent 
(and 
any 
sub-agent 
thereof), 
any 
Swingline 
Lender 
and 
L/C 
Issuer, 
and 
their 
Related 
Parties, 
the 
administration and 
enforcement of 
this Agreement 
and the 
other Loan 
Documents (including 
all 
such 
costs 
and 
expenses 
incurred 
in 
connection 
with 
any 
proceeding 
under 
the 
United 
States 
Bankruptcy Code involving the Borrower 
or any other Loan Party 
as a debtor thereunder), (ii) any 
Loan or 
Letter of 
Credit or 
the use 
or proposed 
use of 
the proceeds 
therefrom (including 
any refusal 
by 
any 
L/C 
Issuer 
to 
honor 
a 
demand 
for 
payment 
under 
a 
Letter 
of 
Credit 
if 
the 
documents 
presented in connection with such demand do not strictly comply with the terms of such Letter of 
Credit), (iii) any 
Environmental Claim 
or Environmental 
Liability, 
including with 
respect to 
the 
actual 
or 
alleged 
presence 
or 
Release 
of 
Hazardous 
Materials, 
wastes, 
or 
products, 
including 
manure, at, 
on or 
from any 
property owned 
or operated 
by any 
Loan Party 
or any 
of its 
Subsidiaries 
or 
at 
any 
off-site 
location, 
related 
in 
any 
way 
to 
any 
Loan 
Party 
or 
any 
of 
its 
Subsidiaries, 
or 
(iv) any actual 
or prospective 
claim, litigation, 
investigation or 
proceeding relating 
to any 
of the 
foregoing, whether based on contract, tort or any 
other theory, whether brought by a third party or 
by 
the 
Borrower 
or 
any 
other 
Loan 
Party, 
and 
regardless 
of 
whether 
any 
Indemnitee 
is 
a 
party 
thereto (including, 
without limitation, 
any settlement 
arrangement arising 
from or 
relating to 
the 
foregoing); 
provided 
that such indemnity shall 
not, as to 
any Indemnitee, be available 
to the extent 
that such losses, 
claims, damages, liabilities 
or related 
expenses (x) are determined 
by a court 
of 
competent 
jurisdiction 
by 
final 
and 
nonappealable 
judgment 
to 
have 
resulted 
from 
the 
gross 
negligence 
or 
willful 
misconduct 
of 
such 
Indemnitee 
or 
(y) result 
from 
a 
claim 
brought 
by 
the 
Borrower 
or 
any 
other 
Loan 
Party 
against 
an 
Indemnitee 
for 
breach 
in 
bad 
faith 
of 
such 
Indemnitee’s 
obligations hereunder 
or under 
any other 
Loan Document, 
if the 
Borrower or 
such 
Loan 
Party 
has 
obtained 
a 
final 
and 
nonappealable 
judgment 
in 
its 
favor 
on 
such 
claim 
as 
determined by a court 
of competent jurisdiction. 
This subsection (b) shall not 
apply with respect 
to Taxes other 
than any 
Taxes that represent 
losses, claims, 
damages, etc. 
arising from 
any non-Tax 
claim. 
 
(c) 
Reimbursement by Lenders. 

To the extent that (i) the Loan Parties 
for any reason fail 
to indefeasibly pay 
any amount required 
under subsection (a) 
or (b) of 
this Section to be 
paid by 
any of them 
to the Administrative 
Agent (or any 
sub-agent thereof), any 
L/C Issuer, any Swingline 
Lender or any Related 
Party or (ii) any liabilities, 
losses, damages, penalties, actions, 
judgments, 
suits, costs, expenses or disbursements of any kind or nature 
whatsoever are imposed on, incurred 
by, 
or asserted against, Administrative 
Agent, the L/C Issuer, 
any Swingline Lender or 
a Related 
Party in any way relating to 
or arising out of this Agreement 
or any other Loan Document or 
any 
action taken or 
omitted to be 
taken by Administrative 
Agent, the L/C 
Issuer, any Swingline Lender 
or a Related Party in connection 
therewith, then, in each case, each Lender 
severally agrees to pay 
to the 
Administrative Agent (or 
any such sub-agent), 
such L/C Issuer, 
such Swingline Lender 
or 
such Related 
Party, 
as the 
case may 
be, such 
Lender’s pro 
rata share 
(determined as 
of the 
time 
that the applicable unreimbursed expense or indemnity payment is sought 
based on each Lender’s 
share of 
the Total Credit Exposure 
at such 
time) of 
such unpaid 
amount (including 
any such 
unpaid 
amount in respect of 
a claim asserted by 
such Lender); 
provided
 
that with respect to 
such unpaid 
amounts 
owed 
to 
any 
L/C 
Issuer 
or 
Swingline 
Lender 
solely 
in 
its 
capacity 
as 
such, 
only 
the 
Lenders 
party 
to 
the 
Revolving 
Facility 
shall 
be 
required 
to 
pay 
such 
unpaid 
amounts, 
such 
payment to be made 
severally among them based on 
such Lenders’ pro rata 
share (determined as 
of 
the time 
that 
the applicable 
unreimbursed expense 
or indemnity 
payment is 
sought based 
on 

-116-
each such Lender’s 
share of the 
Revolving Credit Exposure 
at such time); 
and 
provided, further,
that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as 
the 
case 
may 
be, 
was 
incurred 
by 
or 
asserted 
against 
the 
Administrative 
Agent 
(or 
any 
such 
sub-agent), such 
L/C Issuer 
or such 
Swingline Lender 
in its 
capacity as 
such, or 
against any 
Related 
Party of 
any of 
the foregoing 
acting for 
the Administrative 
Agent (or 
any such 
sub-agent), such 
L/C Issuer or any 
such Swingline Lender in 
connection with such capacity. 
The obligations of the 
Lenders under this subsection (c) are subject to the provisions of Section 13.15. 
 
(d) 
Waiver of Consequential Damages, Etc. 

To the fullest extent permitted 
by applicable 
law, 
the Loan 
Parties shall 
not assert, 
and hereby 
waives, any 
claim against 
any Indemnitee, 
on 
any theory 
of liability, for 
special, indirect, 
consequential or 
punitive damages 
(as opposed 
to direct 
or actual damages) arising 
out of, in connection 
with, or as a 
result of, this Agreement, 
any other 
Loan 
Document 
or 
any 
agreement 
or 
instrument 
contemplated 
hereby, 
the 
transactions 
contemplated hereby or thereby, 
any Loan or Letter 
of Credit, or the 
use of the proceeds 
thereof. 

No Indemnitee referred to in 
subsection (b) above shall be liable for 
any damages arising from the 
use 
by 
unintended 
recipients 
of 
any 
information 
or 
other 
materials 
distributed 
by 
it 
through 
telecommunications, electronic or other information transmission systems in connection with this 
Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 
 
(e) 
Payments. 

All amounts due 
under this Section 
shall be payable 
not later than 
30 days 
after demand therefor. 
 
(f) 
Survival. 

Each party’s obligations under this Section shall survive the 
termination of 
the Loan Documents and payment of the obligations hereunder. 
Section 13.5. 
No 
Waiver, 
Cumulative 
Remedies.
 
No 
delay 
or 
failure 
on 
the 
part 
of 
the 
Administrative Agent, the L/C Issuer, or any Lender, or on the part of 
the holder or holders of any 
of the Obligations, 
in the exercise 
of any power 
or right under 
any Loan Document 
shall operate 
as a waiver thereof or as an acquiescence in any default, nor shall any single or partial exercise of 
any power or 
right preclude any 
other or further 
exercise thereof or 
the exercise of 
any other power 
or 
right. 
The 
rights 
and 
remedies 
hereunder 
of 
the 
Administrative 
Agent, 
the 
L/C Issuer, 
the 
Lenders, and 
of the 
holder or 
holders of 
any of 
the Obligations are 
cumulative to, 
and not 
exclusive 
of, any rights or remedies which any of them would otherwise have.
 
Section 13.6. 
Right of Setoff.
 
In addition to 
any rights now 
or hereafter granted 
under the 
Loan Documents or applicable law and not by way of limitation of any such rights, if an Event of 
Default shall 
have occurred 
and be 
continuing, each 
Lender, 
each 
L/C Issuer, 
and each 
of their 
respective Affiliates 
is hereby 
authorized at 
any time 
and from 
time to 
time, to 
the fullest 
extent 
permitted by applicable 
law, 
to set off 
and apply any 
and all deposits 
(general or special, 
time or 
demand, 
provisional 
or 
final, 
in 
whatever 
currency) 
at 
any 
time 
held, 
and 
other 
obligations 
(in 
whatever currency) at 
any time owing, 
by such Lender, 
such L/C Issuer 
or any such 
Affiliate, to 
or for the credit or the account of the 
Borrower or any other Loan Party against any and 
all of the 
obligations of the Borrower or such Loan Party 
now or hereafter existing under this Agreement 
or 
any 
other 
Loan 
Document 
to 
such 
Lender 
or 
such 
L/C 
Issuer 
or 
their 
respective 
Affiliates, 
irrespective of 
whether or 
not such 
Lender, 
L/C Issuer 
or Affiliate 
shall have 
made any 
demand 
under this Agreement or 
any other Loan Document 
and although such obligations 
of the Borrower 

-117-
or such Loan Party may be contingent or unmatured or are owed 
to a branch, office or Affiliate of 
such Lender or such L/C Issuer different from the branch, office 
or Affiliate holding such deposit 
or 
obligated 
on 
such 
indebtedness; 
provided 
that 
in 
the 
event 
that 
any 
Defaulting 
Lender 
shall 
exercise any such 
right of setoff, 
(x) all amounts so 
set off 
shall be paid 
over immediately to 
the 
Administrative 
Agent 
for 
further 
application 
in 
accordance 
with 
the 
provisions 
of 
Section 2.13 
and, pending 
such payment, 
shall be 
segregated by 
such Defaulting 
Lender from 
its other 
funds 
and 
deemed 
held 
in 
trust 
for 
the 
benefit 
of 
the 
Administrative 
Agent, 
the 
L/C 
Issuers, 
and 
the 
Lenders, 
and 
(y) the 
Defaulting 
Lender 
shall 
provide 
promptly 
to 
the 
Administrative 
Agent 
a 
statement describing 
in reasonable 
detail the 
Obligations owing 
to such 
Defaulting Lender 
as to 
which 
it 
exercised 
such 
right 
of 
setoff. 
The 
rights 
of 
each 
Lender, 
each 
L/C 
Issuer 
and 
their 
respective Affiliates under 
this Section 
are in 
addition to 
other rights 
and remedies 
(including other 
rights of 
setoff) that 
such Lender, 
such L/C 
Issuer or 
their respective 
Affiliates may 
have. 
Each 
Lender and L/C Issuer agrees to notify the Borrower and the Administrative Agent promptly 
after 
any such 
setoff and 
application; 
provided 
that the 
failure to 
give such 
notice shall 
not affect 
the 
validity of such setoff and application. 
Section 13.7. 
Sharing of Payments 
by Lenders.
 
If any Lender 
shall, by exercising 
any right 
of setoff or counterclaim or otherwise, obtain payment in respect of any principal of 
or interest on 
any of 
its Loans 
or other 
obligations hereunder 
resulting in 
such Lender 
receiving payment 
of a 
proportion 
of 
the 
aggregate 
amount 
of 
its 
Loans 
and 
accrued 
interest 
thereon 
or 
other 
such 
obligations 
greater 
than its 
pro 
rata share 
thereof 
as 
provided 
herein, 
then the 
Lender 
receiving 
such 
greater 
proportion 
shall 
(a) notify 
the 
Administrative 
Agent 
of 
such fact, 
and 
(b) purchase 
(for cash at face 
value) participations in the 
Loans and such other 
obligations of the other 
Lenders, 
or make such other adjustments as 
shall be equitable, so that 
the benefit of all such payments 
shall 
be 
shared 
by 
the 
Lenders 
ratably 
in 
accordance 
with 
the 
aggregate 
amount 
of 
principal 
of 
and 
accrued interest on their respective Loans and other amounts owing them; 
provided 
that:
 
(a) 
if 
any 
such 
participations 
are 
purchased 
and 
all 
or 
any 
portion 
of 
the 
payment 
giving 
rise 
thereto 
is 
recovered, 
such 
participations 
shall 
be 
rescinded 
and 
the 
purchase price restored to the extent of such recovery, without interest; and 
 
(b) 
the 
provisions 
of 
this 
Section 
shall 
not 
be 
construed 
to 
apply 
to 
(x) any 
payment made 
by the 
Borrower pursuant 
to and 
in accordance 
with the 
express terms 
of 
this 
Agreement 
(including 
the 
application 
of 
funds 
arising 
from 
the 
existence 
of 
a 
Defaulting 
Lender), 
or 
(y) any 
payment 
obtained 
by 
a 
Lender 
as 
consideration 
for 
the 
assignment 
of 
or 
sale 
of 
a 
participation 
in 
any 
of 
its 
Loans 
or 
participations 
in 
L/C 
Obligations to any assignee or participant, other than 
to any Loan Party or any Subsidiary 
thereof (as to which the provisions of this Section shall apply). 
Each Loan Party consents to the foregoing and agrees, to 
the extent it may effectively do so under 
applicable law, 
that any Lender 
acquiring a participation 
pursuant to the 
foregoing arrangements 
may 
exercise 
against 
each 
Loan 
Party 
rights 
of 
setoff 
and 
counterclaim 
with 
respect 
to 
such 
participation as fully as if such Lender were 
a direct creditor of each Loan Party in the 
amount of 
such participation. 

-118-
Section 13.8. 
Survival of Representations.
 
All representations and warranties made herein 
or in any other Loan Document or in certificates 
given pursuant hereto or thereto shall survive the 
execution and 
delivery of 
this Agreement 
and the 
other Loan 
Documents, and 
shall continue 
in 
full force and effect with respect to the date as 
of which they were made as long as 
any credit is in 
use or available hereunder.
Section 13.9.
Survival 
of 
Indemnities.
 
All 
indemnities 
and 
other 
provisions 
relative 
to 
reimbursement 
to 
the 
Lenders 
and 
L/C Issuer 
of 
amounts 
sufficient 
to 
protect 
the 
yield 
of 
the 
Lenders and L/C Issuer with respect to the Loans and Letters of 
Credit, including, but not limited 
to, Sections 4.1, 4.4, 
4.5, and 13.4, 
shall survive the 
termination of this 
Agreement and the 
other 
Loan Documents and the payment of the Obligations.
Section 13.10. 
Counterparts; Integration; Effectiveness
. 

 
(a) 
Counterparts; 
Integration; 
Effectiveness.
 
This 
Agreement 
may 
be 
executed 
in 
counterparts 
(and 
by 
different 
parties 
hereto 
in 
different 
counterparts), 
each 
of 
which 
shall 
constitute an original, but all of which 
when taken together shall constitute a single 
contract. 
This 
Agreement and the other Loan 
Documents, and any separate letter 
agreements with respect to fees 
payable to 
the Administrative 
Agent, constitute 
the entire 
contract among 
the parties 
relating to 
the subject matter hereof and supersede any and all previous agreements and understandings, oral 
or written, relating 
to the subject 
matter hereof. 
Except as provided 
in Section 7.2, 
this Agreement 
shall become 
effective when 
it shall 
have been 
executed by 
the Administrative 
Agent and 
when 
the Administrative Agent 
shall have received 
counterparts hereof that, 
when taken together, 
bear 
the signatures 
of each 
of the 
other parties 
hereto. 
Delivery of 
an executed 
counterpart of 
a signature 
page of this Agreement by facsimile or in electronic (e.g., “pdf” or “tif”) format shall be effective 
as delivery of a manually executed counterpart of this Agreement. 

 
(b) 
Electronic Execution of Assignments.
 
The words “execution,” “signed,” “signature,” 
and words of 
like import in 
any Assignment and 
Assumption shall be 
deemed to include 
electronic 
signatures or 
the keeping 
of records 
in electronic 
form, each 
of which 
shall be 
of the 
same legal 
effect, 
validity 
or 
enforceability 
as 
a 
manually 
executed 
signature 
or 
the 
use 
of 
a 
paper-based 
recordkeeping system, as the case may be, to the extent 
and as provided for in any applicable law, 
including 
the 
Federal 
Electronic 
Signatures 
in 
Global 
and 
National 
Commerce 
Act, 
the 
Illinois 
State 
Electronic 
Commerce 
Security Act, 
or 
any 
other 
similar 
state 
laws 
based 
on 
the 
Uniform 
Electronic Transactions Act. 

Section 13.11. 
Headings.
 
Section headings 
used in 
this Agreement 
are for 
reference only 
and shall not affect the construction of this Agreement.
Section 13.12. 
Severability of 
Provisions. 
 
Any provision 
of any 
Loan Document 
which is 
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to 
the extent of such 
unenforceability without invalidating 
the remaining provisions 
hereof or affecting 
the validity or 
enforceability 
of 
such 
provision 
in 
any 
other 
jurisdiction. 
All 
rights, 
remedies 
and 
powers 
provided in 
this Agreement 
and the 
other Loan 
Documents may 
be exercised 
only to 
the extent 
that the exercise 
thereof does not violate 
any applicable mandatory provisions 
of law, 
and all the 
provisions of 
this Agreement 
and other 
Loan Documents 
are intended 
to be 
subject to 
all applicable 

-119-
mandatory provisions 
of law 
which may 
be controlling 
and to 
be limited 
to the 
extent necessary 
so that they will 
not render this Agreement 
or the other Loan 
Documents invalid or unenforceable.
Section 13.13. 
Construction
. 
The parties acknowledge and agree 
that the Loan Documents 
shall not be construed more favorably 
in favor of any party hereto based 
upon which party drafted 
the same, it being acknowledged that all parties hereto contributed substantially to 
the negotiation 
of the 
Loan Documents. 
The provisions 
of this 
Agreement relating 
to Subsidiaries 
shall only 
apply 
during such 
times as 
the Borrower 
has one 
or more 
Subsidiaries. 
N
OTHING CONTAINED 
HEREIN 
SHALL BE DEEMED 
OR CONSTRUED TO 
PERMIT ANY ACT 
OR OMISSION WHICH 
IS PROHIBITED BY 
THE 
TERMS OF 
ANY 
C
OLLATERAL 
D
OCUMENT
,
 
THE COVENANTS 
AND AGREEMENTS 
CONTAINED 
HEREIN 
BEING 
IN 
ADDITION 
TO 
AND 
NOT 
IN 
SUBSTITUTION 
FOR 
THE 
COVENANTS 
AND 
AGREEMENTS 
CONTAINED IN THE 
C
OLLATERAL 
D
OCUMENTS
. 
Section 13.14. 
Excess 
Interest
. 
Notwithstanding 
any 
provision 
to 
the 
contrary 
contained 
herein or in any other 
Loan Document, no such provision 
shall require the payment or permit 
the 
collection of 
any amount 
of interest 
in excess 
of the 
maximum amount 
of interest 
permitted by 
applicable law to be charged for the use or detention, or the forbearance in the collection, of all or 
any portion of the Loans or other obligations outstanding under 
this Agreement or any other Loan 
Document 
(
“Excess 
Interest”
). 
If 
any 
Ex
cess 
Interest 
is 
provided 
for, 
or 
is 
adjudicated 
to 
be 
provided for, 
herein or in any 
other Loan Document, 
then in such event 
(a) the provisions of 
this 
Section shall govern and 
control, (b) neither the Borrower 
nor any guarantor or 
endorser shall be 
obligated to pay any Excess Interest, (c) any Excess Interest that the Administrative Agent or any 
Lender may 
have received 
hereunder shall, 
at the 
option of 
the Administrative 
Agent, be 
(i) applied 
as a credit 
against the then 
outstanding principal amount 
of Obligations hereunder 
and accrued and 
unpaid 
interest 
thereon 
(not 
to 
exceed 
the 
maximum 
amount 
permitted 
by 
applicable 
law), 
(ii) refunded to 
the Borrower, or 
(iii) any combination 
of the 
foregoing, (d) the 
interest rate 
payable 
hereunder or 
under any 
other Loan 
Document shall 
be automatically 
subject to 
reduction to 
the 
maximum lawful 
contract rate 
allowed under 
applicable usury 
laws (the 
“Maximum Rate”
), and 
this 
Agreement 
and 
the 
other 
Loan 
Documents 
shall 
be 
deemed 
to 
have 
been, 
and 
shall 
be, 
reformed 
and modified 
to reflect 
such reduction 
in the 
relevant interest 
rate, and 
(e) neither the 
Borrower nor any guarantor or endorser 
shall have any action against the 
Administrative Agent or 
any Lender 
for any 
damages whatsoever 
arising out 
of the 
payment or 
collection of 
any Excess 
Interest. 
Notwithstanding the 
foregoing, if 
for any 
period of 
time interest 
on any 
of Borrower’s 
Obligations 
is 
calculated 
at 
the 
Maximum 
Rate 
rather 
than 
the 
applicable 
rate 
under 
this 
Agreement, and thereafter such 
applicable rate becomes less 
than the Maximum Rate, 
the rate of 
interest 
payable 
on 
the 
Borrower’s 
Obligations 
shall 
remain 
at 
the 
Maximum 
Rate 
until 
the 
Lenders have 
received the 
amount of 
interest which 
such Lenders 
would have 
received during 
such 
period on 
the Borrower’s 
Obligations had 
the rate 
of interest 
not been 
limited to 
the Maximum 
Rate during such period. 
Section 13.15. 
Lender’s 
and 
L/C Issuer’s 
Obligations 
Several
. 
The 
obligations 
of 
the 
Lenders and L/C Issuer hereunder are several and not joint. 
Nothing contained in this Agreement 
and no action taken by 
the Lenders or L/C Issuer pursuant hereto 
shall be deemed to constitute 
the 
Lenders and L/C Issuer a partnership, association, joint venture or other entity. 

-120-
Section 13.16. 
No Advisory 
or Fiduciary 
Responsibility
. 
In connection 
with all 
aspects of 
each 
transaction 
contemplated 
hereby (including 
in 
connection 
with 
any 
amendment, 
waiver 
or 
other modification 
hereof or 
of any 
other Loan 
Document), each 
Loan Party 
acknowledges and 
agrees, 
and 
acknowledges 
its 
Affiliates’ 
understanding, 
that: 
(a) (i) no 
fiduciary, 
advisory 
or 
agency relationship 
between any 
Loan Party 
and its 
Subsidiaries and 
the Administrative 
Agent, 
the L/C Issuer, 
or any Lender 
is intended to 
be or 
has been 
created in 
respect of 
the transactions 
contemplated hereby or by the other Loan Documents, irrespective of whether the Administrative 
Agent, 
the 
L/C 
Issuer, 
or 
any 
Lender 
has 
advised 
or 
is 
advising 
any 
Loan 
Party 
or 
any 
of 
its 
Subsidiaries 
on 
other 
matters, 
(ii) the 
arranging 
and 
other 
services 
regarding 
this 
Agreement 
provided 
by 
the 
Administrative 
Agent, 
the 
L/C 
Issuer, 
and 
the 
Lenders 
are 
arm’s-length 
commercial transactions between such Loan Parties 
and their Affiliates, on 
the one hand, and the 
Administrative Agent, the 
L/C Issuer, and the 
Lenders, on the 
other hand, (iii) each 
Loan Party has 
consulted its 
own legal, 
accounting, regulatory 
and tax 
advisors to 
the extent 
that it 
has deemed 
appropriate and 
(iv) each Loan 
Party is 
capable of 
evaluating, and 
understands and 
accepts, the 
terms, 
risks 
and 
conditions 
of 
the 
transactions 
contemplated 
hereby 
and 
by 
the 
other 
Loan 
Documents; and (b) (i) the Administrative Agent, the L/C Issuer, 
and the Lenders each is and has 
been acting solely as a principal and, except as 
expressly agreed in writing by the relevant parties, 
has not been, is not, and will not 
be acting as an advisor, 
agent or fiduciary for any Loan Party or 
any of 
its Affiliates, 
or any 
other Person; 
(ii) none of 
the Administrative 
Agent, the 
L/C Issuer, 
and the 
Lenders has 
any obligation 
to any 
Loan Party 
or any 
of its 
Affiliates with 
respect to 
the 
transactions 
contemplated 
hereby 
except 
those 
obligations 
expressly 
set 
forth 
herein 
and 
in 
the 
other Loan 
Documents; and 
(iii) the Administrative 
Agent, the 
L/C Issuer, 
and the 
Lenders and 
their respective Affiliates may be 
engaged, for their own 
accounts or the accounts 
of customers, in 
a broad range of transactions that involve 
interests that differ from those of any 
Loan Party and its 
Affiliates, 
and 
none 
of 
the 
Administrative 
Agent, 
the 
L/C 
Issuer, 
and 
the 
Lenders 
has 
any 
obligation to disclose any 
of such interests to 
any Loan Party or 
its Affiliates. 
To the fullest extent 
permitted by law, each Loan Party hereby waives and releases any claims that it 
may have against 
the Administrative 
Agent, the 
L/C Issuer, 
and the 
Lenders with 
respect to 
any breach 
or alleged 
breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated 
hereby. 
Section 13.17. 
Governing 
Law; 
Jurisdiction; 
Consent 
to 
Service 
of 
Process
. 
(a) This 
Agreement, the Notes and the other Loan Documents (except as otherwise 
specified therein), and 
the rights 
and duties 
of the 
parties hereto, 
shall be 
construed and 
determined in 
accordance with 
the 
laws of 
the 
State 
of Illinois
without 
regard to 
conflicts 
of law 
principles that 
would require 
application of the laws of another jurisdiction. 
 
(b) 
Each party 
hereto hereby 
irrevocably and 
unconditionally submits, 
for itself 
and its 
property, 
to 
the 
nonexclusive 
jurisdiction 
of 
the 
United 
States 
District 
Court 
for 
the 
Northern 
District of Illinois and 
of any Illinois State court 
sitting in the City of 
Chicago, and any appellate 
court 
from 
any 
thereof, 
in 
any 
action 
or 
proceeding 
arising 
out 
of 
or 
relating 
to 
any 
Loan 
Document, 
or 
for 
recognition 
or 
enforcement 
of 
any 
judgment, 
and 
each 
party 
hereto 
hereby 
irrevocably and unconditionally agrees that all claims in respect 
of any such action or proceeding 
may be heard and determined in such 
Illinois State court or, 
to the extent permitted by applicable 
Legal Requirements, in such federal court. 
Each party hereto hereby agrees that a final judgment 
in any such action or proceeding 
shall be conclusive and may 
be enforced in other jurisdictions by 

-121-
suit on the judgment or 
in any other manner 
provided by applicable Legal 
Requirements. 
Nothing 
in 
this 
Agreement 
or 
any 
other 
Loan 
Document 
or 
otherwise 
shall 
affect 
any 
right 
that 
the 
Administrative Agent, 
the L/C 
Issuer or 
any Lender 
may otherwise 
have to 
bring any 
action or 
proceeding relating 
to this 
Agreement or 
any other 
Loan Document 
against the 
Borrower or 
any 
Guarantor or its respective properties in the courts of any jurisdiction. 
 
(c) 
Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent 
permitted by applicable Legal Requirements, any objection 
which it may now or hereafter 
have to 
the laying of venue of 
any suit, action or proceeding 
arising out of or relating 
to this Agreement or 
any other Loan Document 
in any court referred 
to in Section 13.17(b). 
Each party hereto hereby 
irrevocably waives, to the fullest extent 
permitted by applicable Legal Requirements, the 
defense 
of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 
(d) 
Each party to this Agreement 
irrevocably consents to service of 
process in any action 
or proceeding arising out of or 
relating to any Loan Document, in 
the manner provided for notices 
(other 
than 
telecopy 
or 
e-mail) 
in 
Section 13.1. 
Nothing 
in 
this 
Agreement 
or 
any 
other 
Loan 
Document will affect the 
right of any 
party to this 
Agreement to serve 
process in any 
other manner 
permitted by applicable Legal Requirements. 
Section 13.18. 
Waiver 
of 
Jury 
Trial
. 
Each 
party 
hereto 
hereby 
irrevocably 
waives, 
to 
the 
fullest extent permitted by applicable Legal Requirements, any right it may have to a trial 
by jury 
in any legal 
proceeding directly 
or indirectly 
arising out of 
or relating 
to any Loan 
Document or 
the transactions contemplated thereby (whether based on contract, tort or any other theory). 
Each 
party hereto 
(a) certifies that 
no representative, 
agent or 
attorney of 
any other 
party has 
represented, 
expressly or otherwise, that 
such other party would 
not, in the event 
of litigation, seek to 
enforce 
the foregoing waiver and (b) acknowledges 
that it and the other 
parties hereto have been induced 
to enter into this 
Agreement by, 
among other things, the 
mutual waivers and certifications in 
this 
Section. 
Section 13.19. 
USA 
Patriot 
Act
. 
Each 
Lender 
and 
L/C Issuer 
that 
is 
subject 
to 
the 
requirements 
of 
the 
USA 
Patriot 
Act 
(Title 
III 
of 
Pub. L. 107-56 
(signed 
into 
law 
October 26, 
2001)) (the 
“Act”
) hereby notifies the Borrower that pursuant to the requirements of the Act, it is 
required to obtain, verify, 
and record information that identifies the Borrower, 
which information 
includes the name and address of the Borrower and other information that will allow such Lender 
or L/C Issuer to identify the Borrower in accordance with the Act. 
Section 13.20. 
Confidentiality
. 
Each of the Administrative Agent, 
the Lenders and the L/C 
Issuers 
agree 
to 
maintain 
the 
confidentiality 
of 
the 
Information 
(as 
defined 
below), 
except 
that 
Information may 
be disclosed 
(a) to its 
Affiliates and 
to its 
Related Parties 
(it being 
understood 
that the 
Persons to 
whom such 
disclosure is 
made will 
be informed 
of the 
confidential nature 
of 
such Information 
and instructed 
and agrees 
to keep 
such Information 
confidential); (b) to 
the extent 
required by 
any regulatory 
authority purporting 
to have 
jurisdiction over such 
Person or 
its Related 
Parties 
(including 
any 
self-regulatory 
authority, 
such 
as 
the 
National 
Association 
of 
Insurance 
Commissioners); (c) to the 
extent required by 
applicable laws or 
regulations or by 
any subpoena 
or similar 
legal process; 
(d) to any 
other party 
hereto; (e) in 
connection with 
the exercise 
of any 
remedies hereunder or 
under any other 
Loan Document or 
any action or 
proceeding relating to 
this 

-122-
Agreement 
or 
any 
other 
Loan 
Document 
or 
the 
enforcement 
of 
rights 
hereunder 
or 
thereunder; 
(f) subject to 
an agreement 
containing provisions 
substantially the 
same as 
those of 
this Section, 
to (i) any assignee of 
or Participant in, or 
any prospective assignee of 
or Participant in, any 
of its 
rights and obligations under this Agreement, or (ii) any actual 
or prospective party (or its Related 
Parties) 
to 
any 
swap, 
derivative 
or 
other 
transaction 
under 
which 
payments 
are 
to 
be 
made 
by 
reference 
to 
the 
Borrower 
and 
its 
obligations, 
this 
Agreement 
or 
payments 
hereunder; 
(g) on 
a 
confidential 
basis 
to 
(i) any 
rating 
agency 
in 
connection 
with 
rating 
any 
Loan 
Party 
or 
its 
Subsidiaries or 
the Revolving 
Facility or 
any Incremental 
Term 
Loan or 
(ii) the CUSIP 
Service 
Bureau or any similar agency in connection 
with the issuance and monitoring of CUSIP numbers 
with 
respect 
to 
the 
Revolving 
Facility 
or 
Incremental 
Term 
Loan; 
(h) with 
the 
consent 
of 
the 
Borrower; or 
(i) to the 
extent such 
Information (x) becomes 
publicly available 
other than 
as a 
result 
of a breach of this Section, 
or (y) becomes available to the Administrative 
Agent, any Lender, any 
L/C Issuer or any of their respective 
Affiliates on a nonconfidential basis from a source 
other than 
the Borrower. 
For purposes of this Section, 
“Information”
 
means all information received from a 
Loan Party or 
any of its 
Subsidiaries relating to 
a Loan Party 
or any of 
its Subsidiaries or 
any of 
their respective businesses, other than any such information 
that is available to the Administrative 
Agent, any Lender 
or any L/C 
Issuer on a 
nonconfidential basis prior 
to disclosure by 
a Loan Party 
or any of its Subsidiaries; 
provided
 
that, in the case of information received from a 
Loan Party or 
any of 
its Subsidiaries 
after the 
date hereof, 
such information 
is clearly 
identified at 
the time 
of 
delivery 
as 
confidential 
or 
is 
information 
that 
is 
not 
made 
available 
to 
the 
public 
and 
as 
such 
whether or 
not marked 
as confidential 
is to 
be held 
in confidence 
by the 
recipient. 
Any Person 
required 
to 
maintain 
the 
confidentiality 
of 
Information 
as 
provided 
in 
this 
Section 
shall 
be 
considered 
to have 
complied 
with its 
obligation to 
do so 
if 
such Person 
has exercised 
the same 
degree of care to maintain the confidentiality of such Information as such Person would accord to 
its own confidential information. 
 
Section 13.21. 
Acknowledgement 
and 
Consent 
to 
Bail-In 
of 
EEA 
Financial 
Institutions. 

Notwithstanding 
anything 
to 
the 
contrary 
in 
any 
Loan 
Document 
or 
in 
any 
other 
agreement, 
arrangement 
or 
understanding 
among 
any 
such 
parties, 
each 
party 
hereto 
(including 
any 
party 
becoming 
a 
party 
hereto 
by 
virtue 
of 
an 
Assignment 
and 
Assumption) 
acknowledges 
that 
any 
liability 
of any 
EEA Financial 
Institution 
arising under 
any Loan 
Document, 
to the 
extent 
such 
liability 
is 
unsecured, 
may 
be 
subject 
to 
the 
write-down 
and 
conversion 
powers 
of 
an 
EEA 
Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
 
(a) 
the 
application 
of 
any 
Write-Down 
and 
Conversion 
Powers 
by 
an 
EEA 
Resolution Authority to 
any such liabilities 
arising hereunder which 
may be payable 
to it 
by any party hereto that is an EEA Financial Institution; and 
 
(b) 
the 
effects 
of 
any 
Bail-in 
Action 
on 
any 
such 
liability, 
including, 
if 
applicable: 
 
(i) 
a reduction in full or in part or cancellation of any such liability; 
 
(ii) 
a conversion of all, 
or a portion of, 
such liability into shares 
or other 
instruments of ownership in 
such EEA Financial Institution, 
its parent undertaking, 
or a bridge institution that may be issued 
to it or otherwise conferred on it, and 
that 

-123-
such shares or other instruments 
of ownership will be accepted 
by it in lieu of 
any 
rights 
with 
respect 
to 
any 
such 
liability 
under this 
Agreement 
or 
any 
other 
Loan 
Document; or 
 
(iii) 
the 
variation 
of 
the 
terms 
of 
such 
liability 
in 
connection 
with 
the 
exercise 
of 
the 
write-down 
and 
conversion 
powers 
of 
any 
EEA 
Resolution 
Authority. 
 
Section 13.22. 
Amendment 
and 
Restatement
. 
This 
Agreement 
amends 
and 
restates 
the 
Existing 
Credit 
Agreement and 
is 
not 
intended 
to be 
or 
operate 
as 
a 
novation 
or 
an 
accord 
and 
satisfaction of the Existing Credit 
Agreement or the indebtedness, 
obligations and liabilities of the 
Loan 
Parties 
evidenced 
or 
provided 
for 
thereunder. 
Without 
limiting 
the 
generality 
of 
the 
foregoing, 
each 
Loan 
Party 
agrees 
that 
notwithstanding 
the 
execution 
and 
delivery 
of 
this 
Agreement, the 
Liens previously 
granted to 
the Administrative 
Agent pursuant 
to the 
Collateral 
Documents 
shall 
be and 
remain 
in 
full 
force and 
effect 
and that 
any 
rights and 
remedies 
of the 
Administrative 
Agent 
thereunder 
and 
obligations 
of 
the 
Loan 
Parties 
thereunder 
shall 
be 
and 
remain 
in full 
force and 
effect, 
shall not 
be affected, 
impaired or 
discharged 
thereby (except 
as 
expressly amended by the 
Loan Documents) and shall 
secure all of the 
Borrower’s indebtedness, 
obligations and liabilities 
to the Administrative 
Agent and the 
Lenders under the 
Existing Credit 
Agreement as 
amended and 
restated hereby. 
Without 
limiting the 
foregoing, the 
parties to 
this 
Agreement hereby acknowledge 
and agree that 
the “Credit Agreement” 
and the “Notes” 
referred 
to in 
the Collateral 
Documents shall 
from and 
after the 
date hereof 
be deemed 
references to 
this 
Agreement and the Notes issued hereunder. 
 
Section 13.23. 
Acknowledgement 
Regarding 
Any 
Supported 
QFCs.
 
(a) 
To 
the 
extent 
that 
the Loan Documents provide support, 
through a guarantee or otherwise, 
for Hedge Agreements or 
any other agreement or instrument that is a QFC 
(such support, 
“QFC Credit Support”
, and each 
such QFC, a 
“Supported QFC”
), the parties acknowledge and agree 
as follows with respect to the 
resolution 
power 
of 
the 
Federal 
Deposit 
Insurance 
Corporation 
under 
the 
Federal 
Deposit 
Insurance Act 
and Title 
II of 
the Dodd-Frank 
Wall Street 
Reform and 
Consumer Protection 
Act 
(together with the regulations promulgated thereunder, the 
“U.S. Special Resolution Regimes”
) in 
respect 
of such 
Supported 
QFC and 
QFC Credit 
Support (with 
the 
provisions below 
applicable 
notwithstanding 
that 
the 
Loan 
Documents 
and 
any 
Supported 
QFC 
may 
in 
fact 
be 
stated 
to 
be 
governed by 
the laws 
of the 
State of 
New York 
and/or of 
the United 
States or 
any other 
state of 
the United States): 
In the event 
a Covered Entity 
that is party 
to a Supported 
QFC (each, a 
“Covered 
Party”
) 
becomes 
subject 
to 
a 
proceeding 
under 
a 
U.S. 
Special 
Resolution 
Regime, 
the 
transfer 
of 
such 
Supported 
QFC 
and 
the 
benefit 
of 
such 
QFC 
Credit 
Support 
(and 
any 
interest and obligation in 
or under such Supported 
QFC and such QFC Credit 
Support, and 
any rights 
in property 
securing such 
Supported QFC 
or such 
QFC Credit 
Support) from 
such Covered Party will 
be effective to 
the same extent as 
the transfer would be 
effective 
under 
the 
U.S. 
Special 
Resolution 
Regime 
if 
the 
Supported 
QFC 
and 
such 
QFC 
Credit 
Support 
(and 
any 
such 
interest, 
obligation 
and 
rights 
in 
property) 
were governed 
by 
the 
laws of the United States or 
a state of the United States. 
In the event a Covered Party 
or a 
BHC Act 
Affiliate of 
a Covered 
Party becomes 
subject to 
a proceeding 
under a 
U.S. Special 

-124-
Resolution Regime, Default Rights under the Loan Documents that 
might otherwise apply 
to 
such 
Supported 
QFC 
or 
any 
QFC 
Credit 
Support 
that 
may 
be 
exercised 
against 
such 
Covered Party are permitted 
to be exercised to no 
greater extent than such 
Default Rights 
could be 
exercised under 
the U.S. 
Special Resolution 
Regime if 
the Supported 
QFC and 
the Loan 
Documents were 
governed by 
the laws 
of the 
United States 
or a 
state of 
the United 
States. 
Without 
limitation 
of 
the 
foregoing, 
it 
is 
understood 
and 
agreed 
that 
rights 
and 
remedies of 
the parties 
with respect 
to a 
Defaulting Lender 
shall in 
no event 
affect the 
rights 
of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 
 
(b) 
Certain Defined Terms.
 
As used in this Section 13.23(a): 
 
“
BHC Act Affiliate”
 
of a party means an “affiliate” (as such 
term is defined 
under, and interpreted in accordance 
with, 12 U.S.C. 
1841(k)) of such party. 
 
“Covered Entity”
 
means any of 
the following: (i) 
a “covered 
entity” as that 
term is defined 
in, and interpreted 
in accordance with, 
12 C.F.R. 
§ 252.82(b); (ii) a “covered bank” 
as that term is defined 
in, and interpreted in accordance 
with, 12 C.F.R. § 47.3(b); or (iii) a 
“covered 
FSI” 
as 
that 
term 
is 
defined 
in, 
and 
interpreted 
in 
accordance with, 12 C.F.R. § 382.2(b). 
 
“Default 
Right”
 
has 
the 
meaning 
assigned 
to 
that 
term 
in, 
and 
shall 
be 
interpreted 
in 
accordance 
with, 
12 
C.F.R. 
§§ 
252.81, 
47.2 or 382.1, as applicable. 
“QFC”
 
has the meaning assigned to the term “qualified financial contract” in, and shall be 
interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
[S
IGNATURE 
P
AGES TO 
F
OLLOW
] 

-1-
This Amended and Restated Credit Agreement is entered into between us for the uses and 
purposes hereinabove set forth as of the date first above written. 
“B
ORROWER
” 
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer 
“G
UARANTORS
” 
A
MERICAN 
E
GG 
P
RODUCTS
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
B
ENTON 
C
OUNTY 
F
OODS
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
W
HARTON 
C
OUNTY 
F
OODS
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
 

-2-
S
OUTHERN 
E
QUIPMENT 
D
ISTRIBUTORS
,
I
NC
. 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
S
OUTH 
T
EXAS 
A
PPLICATORS
,
I
NC
. 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
R
ED 
R
IVER 
V
ALLEY 
E
GG 
F
ARM
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
C
AL
-M
AINE 
R
EAL 
E
STATE 
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
T
EXAS 
E
GG 
P
RODUCTS
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 

-3-
“A
DMINISTRATIVE 
A
GENT AND 
L/C I
SSUER 
” 
BMO
H
ARRIS 
B
ANK 
N.A., as L/C Issuer and as 
Administrative Agent 
By: 
____________________________________ 
 
David J. Bechstein 
 
Director 

-4-
“L
ENDERS
” 
BMO
H
ARRIS 
B
ANK 
N.A. 
By: 
____________________________________ 
 
David J. Bechstein 
 
Director 
G
REEN
S
TONE 
F
ARM 
C
REDIT 
S
ERVICES
,
ACA 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 

-1-
A
G
F
IRST 
F
ARM 
C
REDIT 
B
ANK
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 

-1-
C
OMPEER 
F
INANCIAL
,
ACA 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 

-1-
F
ARM 
C
REDIT 
B
ANK OF 
T
EXAS
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 

-1-
E
XHIBIT
 
A 
N
OTICE OF 
P
AYMENT 
R
EQUEST
[Date] 
[Name of Lender] 
[Address] 
Attention: 
Reference is made to the Amended and Restated 
Credit Agreement, dated as of November 
15, 2021 among Cal-Maine 
Foods, Inc., the Lenders 
party thereto, and BMO 
Harris Bank N.A., as 
Administrative Agent (as extended, renewed, 
amended or restated from time 
to time, the 
“Credit 
Agreement”
). 
Capitalized terms 
used herein 
and not 
defined herein 
have the 
meanings assigned 
to them in the Credit Agreement. 
[The Borrower has failed to pay its Reimbursement 
Obligation 
in 
the 
amount 
of 
$____________. 
Your 
Revolver 
Percentage 
of 
the 
unpaid 
Reimbursement 
Obligation is $_____________] or [__________________________ has been required to 
return a 
payment by 
the Borrower 
of a 
Reimbursement Obligation 
in the 
amount of 
$_______________. 

Your Revolver Percentage of the returned Reimbursement Obligation is $_______________.]
Very truly yours, 
BMO Harris Bank N.A., as L/C Issuer 

By 

 
Name 
_______________________________ 
 
Title 
________________________________ 

-1-
E
XHIBIT
 
B 
N
OTICE OF 
B
ORROWING
Date: 
____________, ____ 
To: 
BMO Harris Bank N.A., as 
Administrative Agent for 
the Lenders 
party to 
the Amended 
and Restated 
Credit 
Agreement 
dated 
as 
of 
November 
15, 
2021 
(as 
extended, renewed, amended or restated 
from time to 
time, 
the 
“Credit 
Agreement”
), 
among 
Cal-Maine 
Foods, 
Inc., 
certain 
Lenders 
which 
are 
signatories 
thereto, 
and 
BMO Harris 
Bank 
N.A., 
as 
Administrative Agent 
Ladies and Gentlemen: 
The undersigned, 
Cal-Maine Foods, 
Inc. (the 
“Borrower”
), refers 
to the 
Credit Agreement, 
the 
terms 
defined 
therein 
being 
used 
herein 
as 
therein 
defined, 
and 
hereby 
gives 
you 
notice 
irrevocably, pursuant to Section 2.6 of the Credit Agreement, of the Borrowing specified below: 
 
1. 
The Business Day of the proposed Borrowing is ___________, ____. 
 
2. 
The aggregate amount of the proposed Borrowing is $______________. 
 
3. 
The 
Borrowing 
is 
to 
be 
comprised 
of 
$___________ 
of 
[Base 
Rate] 
[Eurodollar]
 
Loans. 
[4. 
The duration of the Interest 
Period for the Eurodollar Loans 
included 
in the Borrowing shall be ____________ months.] 
The undersigned hereby certifies that the following statements are true on the date hereof, 
and will be true on the date of 
the proposed Borrowing, before and after giving effect 
thereto and 
to the application of the proceeds therefrom: 
 
(a) 
the 
representations 
and 
warranties 
contained 
in 
Section 6 
of 
the 
Credit 
Agreement 
are 
true 
and 
correct 
in 
all 
material 
respects 
(where 
not 
already 
qualified 
by 
materiality, otherwise in all respects) as though made on and as of such date (except to the 
extent such representations and warranties 
relate to an earlier date, 
in which case they are 
true 
and 
correct 
in 
all 
material 
respects 
(where 
not 
already 
qualified 
by 
materiality, 
otherwise in all respects) as of such earlier date); and 

-2-
 
(b) 
no 
Default 
has 
occurred 
and 
is 
continuing 
or 
would 
result 
from 
such 
proposed Borrowing. 
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
By 

 
Name 
_______________________________ 
 
Title 
________________________________ 

-1-
E
XHIBIT
 
C 
N
OTICE OF 
C
ONTINUATION
/C
ONVERSION
Date: 
____________, ____ 
To: 
BMO 
Harris 
Bank 
N.A, 
as 
Administrative 
Agent 
for 
the Lenders party to the Amended and Restated Credit 
Agreement 
dated 
as 
of 
November 
15, 
2021, 
(as 
extended, renewed, 
amended or 
restated from 
time to 
time, 
the 
“Credit 
Agreement”
) 
among 
Cal-Maine 
Foods, 
Inc., 
certain 
Lenders 
which 
are 
signatories 
thereto, and 
BMO Harris 
Bank N.A., 
as Administrative 
Agent 
Ladies and Gentlemen: 
The undersigned, 
Cal-Maine Foods, 
Inc. (the 
“Borrower”
), refers 
to the 
Credit Agreement, 
the 
terms 
defined 
therein 
being 
used 
herein 
as 
therein 
defined, 
and 
hereby 
gives 
you 
notice 
irrevocably, pursuant to 
Section 2.6 of the Credit Agreement, of the 
[conversion] [continuation]
of the Loans specified herein, that: 
 
1. 
The conversion/continuation Date is __________, ____. 
 
2. 
The 
aggregate 
amount 
of 
the 
Revolving
Loans 
to 
be 
[converted] 
[continued]
 
is $______________. 
 
3. 
The Loans 
are to 
be [
converted into] 
[continued as] 
[Eurodollar] [Base 
Rate]
 
Loans. 
 
4. 
[If 
applicable:]
 
The 
duration 
of 
the 
Interest 
Period 
for 
the 
[Revolving] 
[Incremental 
Term]
Loans 
included 
in 
the 
[conversion] 
[continuation]
 
shall 
be 
_________ months. 
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
By 

 
Name 
_______________________________ 
 
Title 
________________________________ 

-1-
E
XHIBIT
 
D-1 
R
EVOLVING 
N
OTE
U.S.
$_______________ 
____________, ______ 
F
OR
 
V
ALUE
 
R
ECEIVED
, the 
undersigned, Cal-Maine 
Foods, Inc., 
a Delaware 
corporation 
(the 
“Borrower”
), 
hereby 
promises 
to 
pay 
to 
____________________ 
(the 
“Lender”
) 
or 
its 
registered 
assigns 
on 
the 
Revolving 
Credit 
Termination 
Date 
of 
the 
hereinafter 
defined 
Credit 
Agreement, at the principal office 
of the Administrative Agent in Chicago, 
Illinois (or such other 
location 
as the 
Administrative 
Agent may 
designate 
to the 
Borrower), 
in immediately 
available 
funds, 
the 
principal 
sum 
of 
___________________ 
Dollars 
($__________) 
or, 
if 
less, 
the 
aggregate unpaid 
principal amount 
of all 
Revolving Loans 
made by 
the Lender 
to the 
Borrower 
pursuant to 
the Credit 
Agreement, together 
with interest 
on the 
principal amount 
of each 
Revolving 
Loan from time 
to time outstanding hereunder 
at the rates, 
and payable in the 
manner and on the 
dates, specified in the Credit Agreement. 
This Note 
is one 
of the Revolving 
Notes referred 
to in 
the Amended 
and Restated Credit 
Agreement dated as 
of November 15, 
2021, among the 
Borrower, the Guarantors party 
thereto, the 
Lenders and 
L/C Issuer party 
thereto, and 
BMO Harris 
Bank N.A., 
as Administrative 
Agent (as 
extended, renewed, 
amended or 
restated from 
time to 
time, the 
“Credit Agreement”
), and 
this Note 
and the holder 
hereof are entitled 
to all the 
benefits and security
provided for thereby 
or referred 
to 
therein, 
to 
which 
Credit 
Agreement 
reference 
is 
hereby 
made 
for 
a 
statement 
thereof. 
All 
defined 
terms 
used 
in 
this 
Note, 
except 
terms 
otherwise 
defined 
herein, 
shall 
have 
the 
same 
meaning as in the Credit 
Agreement. 
This Note shall be 
governed by and construed 
in accordance 
with the internal laws of the State of Illinois.
Voluntary prepayments may be made 
hereon, certain prepayments are required 
to be made 
hereon, and this Note 
may be declared due 
prior to the expressed 
maturity hereof, all in 
the events, 
on the terms and in the manner as provided for in the Credit Agreement. 
[This 
Note 
amends 
and 
restates 
in 
its 
entirety 
that 
certain 
Revolving 
Note 
dated 
as 
of 
July 10, 2018, in the original 
principal amount of $[_______] 
made by the Borrower 
to the Lender 
(the 
“
Prior 
Note
”) 
and 
is 
issued 
in 
substitution 
and 
replacement 
for, 
and 
evidences 
all 
of 
the 
indebtedness previously 
evidenced by, 
the Prior 
Note. This 
Note supersedes 
the Prior 
Note and 
shall not be deemed to constitute a novation.] 
The Borrower 
hereby waives 
demand, presentment, 
protest or 
notice of 
any kind 
hereunder. 
C
AL
-M
AINE 
F
OODS
,
I
NC
. 

-2-
By 

 
Name 
_______________________________ 
 
Title 
________________________________ 

-1-
E
XHIBIT
 
D-2 
S
WING 
N
OTE
U.S.
$_____________ 
____________, ___ 
F
OR
 
V
ALUE
 
R
ECEIVED
, the 
undersigned, Cal-Maine 
Foods, Inc., 
a Delaware 
corporation
(the 
“Borrower”
), 
hereby 
promises 
to 
pay 
to 
___________________ 
(the 
“Lender”
) 
or 
its 
registered 
assigns 
on 
the 
Revolving 
Credit 
Termination 
Date 
of 
the 
hereinafter 
defined 
Credit 
Agreement, at the principal office 
of the Administrative Agent in Chicago, 
Illinois (or such other 
location 
as the 
Administrative 
Agent may 
designate 
to the 
Borrower), 
in immediately 
available 
funds, the principal 
sum of _______________________________ 
Dollars ($____________) or, if 
less, 
the 
aggregate 
unpaid 
principal 
amount 
of 
all 
Swingline 
Loans 
made 
by 
the 
Lender 
to 
the 
Borrower pursuant to 
the Credit Agreement, 
together with interest on 
the principal amount 
of each 
Swingline Loan from 
time to time 
outstanding hereunder at 
the rates, and 
payable in the 
manner 
and on the dates, specified in the Credit Agreement. 
This Note 
is the 
Swing Note 
referred to 
in the 
Amended and 
Restated Credit 
Agreement 
dated as 
of November 
15, 2021, 
among the 
Borrower, 
the Guarantors 
party thereto, 
the Lenders 
and L/C Issuer party thereto, and 
BMO Harris Bank N.A., as Administrative 
Agent (as extended, 
renewed, amended or restated from time 
to time, the 
“Credit Agreement”
), and this Note and the 
holder hereof are 
entitled to all 
the benefits and 
security provided for 
thereby or referred 
to therein, 
to which 
Credit Agreement 
reference is 
hereby made 
for a 
statement thereof. 
All defined 
terms 
used in 
this Note, 
except terms 
otherwise defined 
herein, shall 
have the 
same meaning 
as in 
the 
Credit Agreement. 
This Note shall be governed by and construed in accordance 
with the internal 
laws of the State of Illinois. 
Voluntary prepayments may be made 
hereon, certain prepayments are required 
to be made 
hereon, and this Note 
may be declared due 
prior to the expressed 
maturity hereof, all in 
the events, 
on the terms and in the manner as provided for in the Credit Agreement. 
This 
Note 
amends 
and 
restates 
in 
its 
entirety 
that 
certain 
Swing 
Note 
dated 
as 
of 
July 10, 2018, in the original principal amount 
of $7,500,000 made by the Borrower 
to the Lender 
(the 
“
Prior 
Note
”) 
and 
is 
issued 
in 
substitution 
and 
replacement 
for, 
and 
evidences 
all 
of 
the 
indebtedness previously 
evidenced by, 
the Prior 
Note. This 
Note supersedes 
the Prior 
Note and 
shall not be deemed to constitute a novation. 
The Borrower 
hereby waives 
demand, presentment, 
protest or 
notice of 
any kind 
hereunder. 
C
AL
-M
AINE 
F
OODS
,
I
NC
. 

-2-
By 

 
Name 
_______________________________ 
 
Title 
________________________________ 

-1-
E
XHIBIT
 
E 
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
C
OMPLIANCE 
C
ERTIFICATE
To: 
BMO 
Harris 
Bank 
N.A., 
as 
Administrative 
Agent 
under, 
and the 
Lenders and 
L/C Issuer party 
to, the 
Credit Agreement described below 
This Compliance Certificate is furnished to 
the Administrative Agent, the L/C Issuer, 
and 
the 
Lenders 
pursuant 
to 
that 
certain 
Amended 
and 
Restated 
Credit 
Agreement 
dated 
as 
of 
November 
15, 
2021, 
among 
Cal-Maine 
Foods, 
Inc., 
as 
Borrower, 
the 
Guarantors 
referred 
to 
therein, the Lenders and L/C Issuer 
party thereto from time to 
time, and BMO Harris Bank 
N.A., 
as Administrative 
Agent (as 
extended, renewed, 
amended or 
restated from 
time to 
time, the 
“Credit 
Agreement”
). 
Unless otherwise defined 
herein, the terms 
used in this 
Compliance Certificate have 
the meanings ascribed thereto in the Credit Agreement. 
T
HE 
U
NDERSIGNED HEREBY CERTIFIES THAT
: 
 
1. 
I am the duly elected ____________ of the Borrower; 
 
2. 
I have reviewed the terms of 
the Credit Agreement and I have 
made, or have caused 
to 
be 
made 
under 
my 
supervision, 
a 
detailed 
review 
of 
the 
transactions 
and 
conditions 
of 
the 
Borrower 
and 
its 
Subsidiaries 
during 
the 
accounting 
period 
covered 
by 
the 
attached 
financial 
statements; 
 
3. 
The examinations described 
in paragraph 2 did 
not disclose, and 
I have no 
knowledge 
of, the 
existence of 
any condition 
or the 
occurrence of 
any event 
which constitutes 
a Default 
during 
or at the 
end of the 
accounting period covered 
by the attached 
financial statements or 
as of the 
date 
of this Compliance Certificate, except as set forth below; 
 
4. 
The financial statements 
required by Section 8.5 
of the Credit 
Agreement and being 
furnished to 
you concurrently 
with this 
Compliance Certificate 
are true, 
correct and 
complete in 
all material respects as of the date and for the periods covered thereby; and 
 
5. 
The 
Schedule I 
hereto 
sets 
forth 
financial 
data 
and 
computations 
evidencing 
the 
Borrower’s 
compliance 
with 
certain 
covenants 
of 
the 
Credit 
Agreement, 
all 
of 
which 
data 
and 
computations are, to the best of my knowledge, true, complete and correct and have been made in 
accordance with the relevant Sections of 
the Credit Agreement. 
In the event of a conflict 
between 
the 
attached 
spreadsheet 
and 
any 
certifications 
relating 
thereto 
and 
the 
Credit 
Agreement 
and 
related 
definitions 
used 
in 
calculating 
such 
covenants, 
the 
Credit 
Agreement 
and 
such 
related 
definitions shall govern and control. 

-2-
Described below are 
the exceptions, if 
any, 
to paragraph 3 by 
listing, in detail, 
the nature 
of the condition 
or event, the 
period during which 
it has existed 
and the action 
which the Borrower 
has taken, is taking, or proposes to take with respect to each such condition or event: 
________________________________________________________________ 

________________________________________________________________ 

________________________________________________________________ 

________________________________________________________________ 

The foregoing certifications, together with the computations set forth in 
Schedule I hereto 
and 
the 
financial 
statements 
delivered 
with 
this 
Certificate 
in 
support 
hereof, 
are 
made 
and 
delivered this ______ day of __________________ 20___. 
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
By 

 
Name 
_______________________________ 
 
Title 
________________________________ 

 

 

 

 

-1-
S
CHEDULE 
I 
TO 
C
OMPLIANCE 
C
ERTIFICATE
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
C
OMPLIANCE 
C
ALCULATIONS
FOR 
C
REDIT 
A
GREEMENT DATED AS OF 
N
OVEMBER 
15,
2021 
C
ALCULATIONS 
AS OF 
_____________,
_______ 
A. 
Total Funded Debt to Capitalization Ratio (Section 8.22(a)) (as of 
the last day of the fiscal quarter indicated above) 
1. 
all indebtedness created, assumed or incurred by the 
Borrower and its Subsidiaries representing money borrowed 
$___________ 
2. 
all indebtedness of the Borrower and its Subsidiaries for the 
deferred purchase price of property or services (other than 
trade accounts payable arising in the ordinary course of 
business) 
$___________ 
3. 
all indebtedness secured by any Lien upon Property of the 
Borrower and its Subsidiaries, whether or not such Person 
has assumed or become liable for the payment of such 
indebtedness 
$___________ 
4. 
all Capitalized Lease Obligations of the Borrower and its 
Subsidiaries 
$___________ 
5. 
all obligations of the Borrower and its Subsidiaries on or 
with respect to letters of credit, bankers’ acceptances and 
other extensions of credit whether or not representing 
obligations for borrowed money 
$___________ 
6. 
all obligations of the Borrower and its Subsidiaries to 
purchase, redeem, retire, defease or otherwise make any 
payment in respect of any equity interest in such Person or 
any other Person or any warrant, right or option to acquire 
such equity interest, valued, in the case of a redeemable 
preferred interest, at the greater of its voluntary or 
involuntary liquidation preference plus accrued and unpaid 
dividend 
$___________ 
7. 
all Indebtedness of any other Person which is directly or 
indirectly Guaranteed by the Borrower or any of its 
Subsidiaries or which the Borrower or any of its Subsidiaries 
has agreed (contingently or otherwise) to purchase or 
$___________ 

 

 

 

-2-
otherwise acquire or in respect of which the Borrower or any 
of its Subsidiaries has otherwise assured a creditor against 
loss 
8. 
Total Funded Debt (Sum of Lines A1 – A7) 
$___________ 
9. 
Total shareholder’s 
equity (including capital stock, 
additional paid in capital, and retained earnings after 
deducting treasury stock) that would appear on the balance 
sheet of the Borrower and its Subsidiaries, determined in 
accordance with GAAP on a consolidated basis 
$___________ 
10. 
Total Capitalization (Sum of Lines A8 and A9) 
$___________ 
11. 
Ratio of Line A8 to A10 
________ to 1.0 
11. 
Line A10 must be equal to or less than 
0.5 to 1.0 
12. 
The Borrower is in compliance (circle yes or no) 
yes/no 
B. 
Minimum Tangible Net Worth (Section 8.22(b)) (as of the last day 
of the fiscal quarter indicated above) 
1. 
total shareholder’s equity that would appear on the balance 
sheet of the Borrower and its Subsidiaries minus the sum of 
(a) all assets which would be classified as intangible assets 
under GAAP, 
including, without limitation, goodwill, 
patents, trademarks, trade names, copyrights, franchises and 
deferred charges (including, without limitation, unamortized 
debt discount and expense, organization costs and deferred 
research and development expense) and similar assets, and 
(b) the write up of assets above cost; provided, however, that 
intangible assets shall not include prepaid expenses 
(including, without limitation, prepaid insurance, software 
licenses and support agreements, consulting contracts and 
prepaid financing fees) carried on the consolidated balance 
sheet, in each case determined on a consolidated basis in 
accordance with GAAP 
$___________ 
2. 
Line B1 must be equal to or greater than (i) $700,000,000 
for the fiscal quarter ended November 27, 2021, plus (ii) for 
each fiscal quarter ending thereafter, 50% of Net Income
2
$___________ 
2
 
Net Income means, with 
reference to any period, 
the net income (or 
net loss) of 
the Borrower and its 
Subsidiaries 
for such 
period computed 
on a 
consolidated basis 
in accordance 
with GAAP; 
provided
 
that there 
shall be 
excluded from Net Income (a) the 
net income (or net loss) 
of any Person accrued prior 
to the date it becomes 
a Subsidiary 
of, or 
has merged 
into or 
consolidated with, 
the Borrower 
or another 
Subsidiary, 
(b) the net 
income (or net loss) of any Person (other than a Subsidiary) 
in which the Borrower or any of its Subsidiaries 
has an equity interest, except to the 
extent of the amount of dividends or 
other distributions actually paid to 
the 
Borrower 
or 
any 
of 
its 
Subsidiaries 
during 
such 
period, 
and 
(c) the 
undistributed 
earnings 
of 
any 

 

-3-
for such fiscal quarter (if Net Income is positive) less 
Restricted Payments permitted to be made pursuant to 
Section 8.12 during such fiscal quarter 
3. 
The Borrower is in compliance (circle yes or no) 
yes/no 
Subsidiary 
to 
the 
extent 
that 
the 
declaration 
or 
payment 
of 
dividends 
or 
similar 
distributions 
by 
such 
Subsidiary is not at the time permitted 
by the terms of any contractual obligation (other 
than under any Loan 
Document) or requirement of law applicable to such Subsidiary. 

-1-
E
XHIBIT
 
F 
A
DDITIONAL 
G
UARANTOR 
S
UPPLEMENT
______________, ___ 
BMO 
Harris 
Bank 
N.A., 
as 
Administrative 
Agent 
for 
the 
Lenders and L/C Issuer party to the Amended and Restated 
Credit Agreement 
dated as 
of November 
15, 2021, 
among 
Cal-Maine 
Foods, 
Inc., 
as 
Borrower, 
the 
Guarantors 
referred to therein, 
the Lenders and 
L/C Issuer party thereto 
from 
time 
to 
time, 
and 
the 
Administrative 
Agent 
(as 
extended, renewed, amended or restated from time to time, 
the 
“Credit Agreement”
) 
Ladies and Gentlemen: 
Reference 
is made 
to 
the Credit 
Agreement 
described 
above. 
Terms 
not 
defined 
herein 
which are 
defined in 
the Credit 
Agreement shall 
have for 
the purposes 
hereof the 
meaning provided 
therein. 
The undersigned, 
[name of Subsidiary Guarantor]
, a 
[jurisdiction of incorporation or 
organization]
 
hereby 
elects 
to 
be 
a 
“Guarantor”
 
for 
all 
purposes 
of 
the 
Credit 
Agreement, 
effective from the date 
hereof. 
The undersigned confirms that the 
representations and warranties 
set forth in Section 6 
of the Credit Agreement 
are true and correct 
in all material respects 
(where 
not already qualified by materiality, 
otherwise in all respects) as to the undersigned as 
of the date 
hereof (except to the extent such representations 
and warranties relate to an earlier date, in 
which 
case they are true 
and correct in all 
material respects (where not 
already qualified by 
materiality, 
otherwise in 
all respects) 
as of 
such earlier 
date) and 
the undersigned 
shall comply 
with each 
of 
the covenants set forth in Section 8 of the Credit Agreement applicable to it. 
Without limiting the generality of 
the foregoing, the undersigned hereby 
agrees to perform 
all the obligations of a Guarantor under, and to be bound in all 
respects by the terms of, the Credit 
Agreement, including without limitation Section 11 thereof, to the same extent and with the same 
force and effect as if the undersigned were a signatory party thereto. 

-2-
The undersigned 
acknowledges that 
this Agreement 
shall be 
effective upon 
its execution 
and delivery by the undersigned to the Administrative Agent, and it shall not be necessary 
for the 
Administrative 
Agent, 
the 
L/C Issuer, 
or 
any 
Lender, 
or 
any 
of 
their 
Affiliates 
entitled 
to 
the 
benefits hereof, to execute this Agreement or 
any other acceptance hereof. 
This Agreement shall 
be construed in accordance with and governed by the internal laws of the State of Illinois. 
Very truly yours, 
[N
AME OF 
S
UBSIDIARY 
G
UARANTOR
] 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 

 

-1-
E
XHIBIT
 
G 
A
SSIGNMENT AND 
A
SSUMPTION
This Assignment 
and Assumption 
(the 
“Assignment and 
Assumption”
) is 
dated as 
of the 
Effective Date set forth 
below and is 
entered into by 
and between 
[the][each]
1
 
Assignor identified 
in item 
1 below 
(
[the][each, an]
“Assignor”
) and 
[the][each]
2
 
Assignee identified 
in item 2 
below 
([the][each, an] 
“Assignee”
). 

[It is 
understood and 
agreed that 
the rights 
and obligations 
of 
[the Assignors][the Assignees]
3
 
hereunder are several and not joint.]
4
 
Capitalized terms used 
but not 
defined herein shall 
have the meanings 
given to them 
in the Credit 
Agreement identified 
below (as amended, the 
“Credit Agreement”
), receipt of a copy of which is 
hereby acknowledged 
by 
[the][each]
 
Assignee. 
The Standard 
Terms and Conditions set 
forth in 
Annex 1 attached 
hereto 
are hereby agreed to and incorporated herein 
by reference and made a part of 
this Assignment and 
Assumption as if set forth herein in full. 
For an agreed consideration, 
[the][each]
 
Assignor hereby irrevocably sells and 
assigns to 
[the Assignee][the 
respective Assignees]
, and 
[the][each]
 
Assignee hereby 
irrevocably purchases 
and assumes 
from 
[the Assignor][the 
respective Assignors]
, subject 
to and 
in accordance 
with 
the Standard Terms and Conditions and the 
Credit Agreement, as of 
the Effective Date inserted 
by 
the 
Administrative 
Agent 
as 
contemplated 
below 
(i) all 
of 
[the 
Assignor’s][the 
respective 
Assignors’]
 
rights and 
obligations in 
[its capacity 
as a 
Lender][their respective 
capacities as 
Lenders]
 
under the Credit Agreement and 
any other documents or instruments 
delivered pursuant 
thereto to the 
extent related to 
the amount and 
percentage interest identified 
below of all 
of such 
outstanding 
rights 
and 
obligations 
of 
[the 
Assignor][the 
respective 
Assignors]
 
under 
the 
respective facilities identified 
below (including without 
limitation any letters 
of credit, guarantees, 
and 
swingline 
loans 
included 
in 
such 
facilities), 
and 
(ii) to 
the 
extent 
permitted 
to 
be 
assigned 
under applicable 
law, 
all claims, 
suits, causes 
of action 
and any 
other right 
of 
[the Assignor 
(in 
its capacity 
as a 
Lender)][the respective Assignors 
(in their 
respective capacities as 
Lenders)]
against any 
Person, whether 
known or 
unknown, arising 
under or 
in connection 
with the 
Credit 
Agreement, any 
other documents 
or instruments 
delivered pursuant 
thereto or 
the loan 
transactions 
governed 
thereby 
or 
in 
any 
way 
based 
on 
or 
related 
to 
any 
of 
the 
foregoing, 
including, 
but 
not 
limited to, contract claims, tort claims, malpractice claims, 
statutory claims and all other claims at 
law or in equity related 
to the rights and obligations 
sold and assigned pursuant to 
clause (i) above 
(the 
rights 
and 
obligations 
sold 
and 
assigned 
by 
[the][any]
 
Assignor 
to 
[the][any]
 
Assignee 
1
 
For bracketed language here and elsewhere in 
this form relating to the Assignor(s), if the 
assignment is from 
a single Assignor, choose the first bracketed language. 
If the assignment is from multiple 
Assignors, choose 
the second bracketed language. 
2
 
For bracketed language here and elsewhere in this form relating to 
the Assignee(s), if the assignment is to a 
single Assignee, choose the first bracketed language. 
If the assignment is to multiple Assignees, choose the 
second bracketed language. 
3
 
Select as appropriate. 
4
 
Include bracketed language if there are either multiple Assignors or multiple Assignees. 

 

 

 

 

 

 

 

 

 

 

 

 

 

-2-
pursuant to clauses (i) 
and (ii) above being 
referred to herein collectively 
as 
[the][an]
“Assigned 
Interest”
). 
Each such sale and assignment is without recourse to 
[the][any]
 
Assignor and, except 
as expressly provided in this Assignment 
and Assumption, without representation or warranty 
by 
[the][any]
 
Assignor. 
1. 
Assignor
[s]
: 
________________________________ 
 
________________________________ 
[Assignor [is] [is not] a Defaulting Lender] 
2. 
Assignee
[s]
: 
________________________________ 
 
________________________________ 
[for each Assignee, indicate [Affiliate] of [
identify Lender
] 
3. 
Borrower(s): 
Cal-Maine Foods, Inc. 
4. 
Administrative Agent: 
BMO Harris 
Bank, N.A., 
as the 
administrative agent 
under 
the Credit Agreement 
5. 
Credit Agreement: 
Amended 
and 
Restated 
Credit 
Agreement 
dated 
as 
of 
November 15, 
2021, among 
Cal-Maine Foods, 
Inc., the 
Lenders parties 
thereto, and 
BMO Harris Bank N.A., as Administrative Agent 
6. 
Assigned Interest[s]: 
A
SSIGNOR
[
S
]
5
A
SSIGNEE
[
S
]
6
F
ACILITY 
A
SSIGNED
7
A
GGREGATE 
A
MOUNT 
OF 
C
OMMITMENT
/L
OANS 
FOR ALL 
L
ENDERS
8
A
MOUNT OF 
C
OMMITMENT
/L
OANS 
A
SSIGNED
8
P
ERCENTAGE 
A
SSIGNED OF 
C
OMMITMENT
/ 
L
OANS
9
$ 
$ 
% 
$ 
$ 
% 
$ 
$ 
% 
5
 
List each Assignor, as appropriate. 
6
 
List each Assignee, as appropriate. 
7
 
Fill 
in 
the 
appropriate 
terminology 
for 
the 
types 
of 
facilities 
under 
the 
Credit 
Agreement 
that 
are 
being 
assigned under this Assignment (e.g., “Revolving Credit Commitment,” “Term Loan Commitment,” etc.) 
8
 
Amount to 
be adjusted 
by the 
counterparties to 
take into 
account any 
payments or 
prepayments made 
between 
the Trade Date and the Effective Date. 
9
 
Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

 

-3-
 
[
7. 
Trade Date: 
______________]
10
[P
AGE 
B
REAK
] 
10
 
To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount 
is to be 
determined as of the Trade Date. 

 

-4-
Effective 
Date: 
________________, 
20___ 
[To 
be 
inserted 
by 
Administrative 
Agent 
and which shall be the effective date of recordation of transfer in the register therefor.]
The terms set forth in this Assignment and Assumption are hereby agreed to: 
A
SSIGNOR
[
S
]
11
[N
AME OF 
A
SSIGNOR
] 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 
[N
AME OF 
A
SSIGNOR
] 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 
A
SSIGNEE
[
S
]
12
[N
AME OF 
A
SSIGNEE
] 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 
[N
AME OF 
A
SSIGNEE
] 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 
11
 
Add additional signature 
blocks as needed. 
Include both Fund/Pension 
Plan and manager 
making the trade 
(if applicable). 
12
 
Add additional signature 
blocks as needed. 
Include both Fund/Pension 
Plan and manager 
making the trade 
(if applicable). 

 

-5-
[Consented to and]
13
Accepted: 
BMO
H
ARRIS 
B
ANK 
N.A., as 
 
Administrative Agent 
By _________________________________ 
 
Name 
____________________________ 
 
Title 
_____________________________ 
[Consented to:]
14
[N
AME OF 
R
ELEVANT 
P
ARTY
] 
By _________________________________ 
 
Name 
____________________________ 
 
Title 
_____________________________ 
13
 
To be added only 
if the consent 
of the Administrative 
Agent is required 
by the terms 
of the Credit 
Agreement. 
14
 
To be 
added only if the 
consent of the Borrower 
and/or other parties (e.g. 
Swingline Lender, L/C 
Issuer) is 
required by the terms of the Credit Agreement.
 

-1-
A
NNEX 
1 
S
TANDARD 
T
ERMS AND 
C
ONDITIONS FOR
A
SSIGNMENT AND 
A
SSUMPTION
S
ECTION
 
1. 
R
EPRESENTATIONS 
AND 
W
ARRANTIES
. 
Section 1.1.
Assignor[s].
 

[The][Each] 
Assignor (a) represents 
and warrants that 
(i) it is 
the legal 
and beneficial 
owner of 
[the][the relevant] 
Assigned Interest, 
(ii) 
[the][such]
 
Assigned 
Interest is 
free and 
clear of 
any lien, 
encumbrance or 
other adverse 
claim, (iii) it 
has full 
power 
and 
authority, 
and 
has 
taken 
all 
action 
necessary, 
to 
execute 
and 
deliver 
this 
Assignment 
and 
Assumption 
and 
to 
consummate 
the 
transactions 
contemplated 
hereby 
and 
(iv) it 
is 
[not]
 
a 
Defaulting Lender; and 
(b) assumes no responsibility 
with respect to 
(i) any statements, warranties 
or 
representations 
made 
in 
or 
in 
connection 
with 
the 
Credit 
Agreement 
or 
any 
other 
Loan 
Document, (ii) the 
execution, legality, 
validity, 
enforceability, 
genuineness, sufficiency 
or value 
of the Loan Documents or any 
collateral thereunder, (iii) the financial 
condition of the Borrower, 
any of 
its Subsidiaries 
or Affiliates 
or any 
other Person 
obligated in 
respect of 
any Loan 
Document, 
or (iv) the performance or observance by the Borrower, any of its 
Subsidiaries or Affiliates or any 
other Person of any of their respective obligations under any Loan Document. 
Section 1.2. 
Assignee[s].
 

[The][Each]
 
Assignee (a) represents and 
warrants that (i) it 
has 
full power 
and authority, and 
has taken 
all action 
necessary, to execute and 
deliver this 
Assignment 
and Assumption and 
to consummate the 
transactions contemplated hereby 
and to become 
a Lender 
under 
the 
Credit 
Agreement, 
(ii) it 
meets 
all 
the 
requirements 
to 
be 
an 
assignee 
under 
Section 13.2(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may 
be required under 
Section 13.2(b)(iii) of the 
Credit Agreement), (iii) from 
and after the 
Effective 
Date, it shall 
be bound by the 
provisions of the 
Credit Agreement as 
a Lender thereunder and, 
to 
the 
extent 
of 
[the][the 
relevant]
 
Assigned 
Interest, 
shall 
have 
the 
obligations 
of 
a 
Lender 
thereunder, (iv) it is 
sophisticated with 
respect to 
decisions to 
acquire assets 
of the 
type represented 
by the Assigned Interest and either it, or the Person 
exercising discretion in making its decision to 
acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a 
copy of 
the Credit 
Agreement, and 
has received 
or has 
been accorded 
the opportunity 
to receive 
copies 
of 
the 
most 
recent 
financial 
statements 
delivered 
pursuant 
to 
Section 8.5 
thereof, 
as 
applicable, 
and 
such 
other 
documents 
and 
information 
as 
it 
deems 
appropriate 
to make 
its 
own 
credit 
analysis 
and 
decision 
to 
enter 
into 
this 
Assignment 
and 
Assumption 
and 
to 
purchase 
[the][such]
 
Assigned 
Interest, 
(vi) it 
has, 
independently 
and 
without 
reliance 
upon 
the 
Administrative Agent or any other Lender and based on such 
documents and information as it has 
deemed appropriate, made 
its own credit 
analysis and decision 
to enter into 
this Assignment and 
Assumption and 
to purchase 
[the][such]
 
Assigned Interest, 
and (vii) attached 
to the 
Assignment 
and Assumption is 
any documentation required 
to be delivered 
by it pursuant 
to the terms 
of the 
Credit Agreement, duly completed 
and executed by 
[the][such]
 
Assignee; and (b) agrees 
that (i) it 
will, independently and without reliance on the 
Administrative Agent, 
[the][any]
 
Assignor or any 
other Lender, 
and based 
on such 
documents and 
information as 
it shall 
deem appropriate 
at the 
time, 
continue 
to 
make 
its 
own 
credit 
decisions 
in 
taking 
or 
not 
taking 
action 
under 
the 
Loan 

-2-
Documents, and (ii) it will perform in accordance with their 
terms all of the obligations which by 
the terms of the Loan Documents are required to be performed by it as a Lender. 
S
ECTION
 
2. 
P
AYMENTS
. 
From and 
after the 
Effective 
Date, the 
Administrative Agent 
shall make 
all payments 
in 
respect of 
[the][each]
 
Assigned Interest (including payments of principal, interest, fees and 
other 
amounts) to 
[the][the relevant]
 
Assignee whether such amounts have 
accrued prior to, on or 
after 
the Effective Date. 
The Assignor
[s] 
and the Assignee
[s]
 
shall make all appropriate 
adjustments in 
payments by 
the Administrative 
Agent for 
periods prior 
to the 
Effective Date 
or with 
respect to 
the making 
of this 
assignment directly 
between themselves. 
Notwithstanding the 
foregoing, the 
Administrative Agent shall 
make all payments 
of interest, 
fees or other 
amounts paid 
or payable 
in kind from and after the Effective Date to 
[the][the relevant]
 
Assignee. 
S
ECTION
 
3. 
G
ENERAL 
P
ROVISIONS
. 
This Assignment 
and Assumption 
shall be 
binding upon, 
and inure 
to the 
benefit of, 
the 
parties hereto and their respective successors and assigns. 
This Assignment and Assumption may 
be 
executed 
in 
any 
number 
of 
counterparts, 
which 
together 
shall 
constitute 
one 
instrument. 

Delivery of 
an executed 
counterpart of 
a signature 
page of 
this Assignment 
and Assumption 
by 
telecopy shall be effective as delivery of a manually executed counterpart of 
this Assignment and 
Assumption. 
This Assignment and 
Assumption shall 
be governed 
by, and construed in 
accordance 
with, the law of the State of Illinois. 

-1-
E
XHIBIT 
H-1 
[F
ORM OF
] 
U.S.
T
AX 
C
OMPLIANCE 
C
ERTIFICATE
(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax 
Purposes) 
Reference 
is 
made 
to 
the 
Amended 
and 
Restated 
Credit 
Agreement 
dated 
as 
of 
November 15, 2021
 
(as 
extended, 
renewed, 
amended 
or 
restated 
from 
time 
to 
time, 
the 
“Credit 
Agreement”
) among Cal-Maine Foods, Inc., the 
Guarantors party thereto, the Lenders and 
L/C Issuer party 
thereto, and 
BMO Harris 
Bank N.A., 
as Administrative 
Agent (the 
“Administrative Agent”
). 
Terms defined 
in the Credit Agreement are used herein with the same meaning. 
Pursuant to the provisions of Section 4.1 
of the Credit Agreement, the undersigned 
hereby certifies 
that (i) it 
is the 
sole record 
and beneficial 
owner of 
the Loan(s) 
(as well 
as any 
Note(s) evidencing 
such 
Loan(s)) 
in 
respect 
of 
which 
it 
is 
providing 
this 
certificate, 
(ii) it 
is 
not 
a 
bank 
within 
the 
meaning 
of 
Section 881(c)(3)(A) of the 
Code, (iii) it 
is not 
a ten 
percent shareholder 
of the 
Borrower within 
the meaning 
of 
Section 871(h)(3)(B) 
of 
the 
Code 
and 
(iv) it 
is 
not 
a 
controlled 
foreign 
corporation 
related 
to 
the 
Borrower as described in Section 881(c)(3)(C) of the Code. 
The undersigned has furnished the Administrative Agent and the 
Borrower with a certificate of its 
non-U.S. Person status 
on IRS Form 
W-8BEN. 
By executing this 
certificate, the undersigned 
agrees that 
(1) if the 
information provided 
on this 
certificate changes, 
the undersigned 
shall promptly 
so inform 
the 
Borrower 
and 
the 
Administrative 
Agent, 
and 
(2) the 
undersigned 
shall 
have 
at 
all 
times 
furnished 
the 
Borrower 
and 
the 
Administrative 
Agent 
with 
a 
properly 
completed 
and 
currently 
effective 
certificate 
in 
either the 
calendar year 
in which 
each payment 
is to 
be made 
to the 
undersigned, or 
in either 
of the 
two 
calendar years preceding such payments. 
[N
AME OF 
L
ENDER
] 
By: 

 
Name: 
________________________________ 

 
Title: 
_________________________________ 

Date: 
______________________________ , 20[_] 

-1-
E
XHIBIT 
H-2 
[F
ORM OF
] 
U.S.
T
AX 
C
OMPLIANCE 
C
ERTIFICATE
(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax 
Purposes) 
Reference 
is 
made 
to 
the 
Amended 
and 
Restated 
Credit 
Agreement 
dated 
as 
of 
November 15, 2021
 
(as 
extended, 
renewed, 
amended 
or 
restated 
from 
time 
to 
time, 
the 
“Credit 
Agreement”
) among Cal-Maine Foods, Inc., the 
Guarantors party thereto, the Lenders and 
L/C Issuer party 
thereto, and 
BMO Harris 
Bank N.A., 
as Administrative 
Agent (the 
“Administrative Agent”
). 
Terms defined 
in the Credit Agreement are used herein with the same meaning. 
Pursuant to the provisions of Section 4.1 
of the Credit Agreement, the undersigned 
hereby certifies 
that (i) it is the sole record and beneficial owner of the participation 
in respect of which it is providing this 
certificate, (ii) it is 
not a bank 
within the meaning 
of Section 881(c)(3)(A) of 
the Code, (iii) it 
is not a 
ten 
percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) 
of the Code, and (iv) it is 
not 
a 
controlled 
foreign 
corporation 
related 
to 
the 
Borrower 
as 
described 
in 
Section 881(c)(3)(C) 
of 
the 
Code. 
The 
undersigned 
has 
furnished 
its 
participating 
Lender 
with 
a 
certificate 
of 
its 
non-U.S. 
Person 
status 
on 
IRS 
Form 
W-8BEN. 
By 
executing 
this 
certificate, 
the 
undersigned 
agrees 
that 
(1) if 
the 
information provided on this certificate changes, 
the undersigned shall promptly so inform 
such Lender in 
writing, and 
(2) the undersigned 
shall have 
at all 
times furnished 
such Lender 
with a 
properly completed 
and currently 
effective certificate 
in either 
the calendar 
year in 
which each 
payment is 
to be 
made to 
the 
undersigned, or in either of the two calendar years preceding such payments. 
[N
AME OF 
P
ARTICIPANT
] 
By: 

 
Name: 
________________________________ 

 
Title: 
_________________________________ 

Date: 
______________________________ , 20[_] 

-1-
E
XHIBIT 
H-3 
[F
ORM OF
] 
U.S.
T
AX 
C
OMPLIANCE 
C
ERTIFICATE
(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax 
Purposes) 
Reference 
is 
made 
to 
the 
Amended 
and 
Restated 
Credit 
Agreement 
dated 
as 
of 
November 15, 2021
 
(as 
extended, 
renewed, 
amended 
or 
restated 
from 
time 
to 
time, 
the 
“Credit 
Agreement”
) among Cal-Maine Foods, Inc., the 
Guarantors party thereto, the Lenders and 
L/C Issuer party 
thereto, and 
BMO Harris 
Bank N.A., 
as Administrative 
Agent (the 
“Administrative Agent”
). 
Terms defined 
in the Credit Agreement are used herein with the same meaning. 
Pursuant to the provisions of Section 4.1 
of the Credit Agreement, the undersigned 
hereby certifies 
that (i) it 
is the 
sole record 
owner of 
the participation 
in respect 
of which 
it is 
providing this 
certificate, 
(ii) its 
direct 
or 
indirect 
partners/members 
are 
the 
sole beneficial 
owners 
of 
such 
participation, 
(iii) with 
respect such 
participation, neither 
the undersigned 
nor any 
of its 
direct or 
indirect partners/members 
is a 
bank 
extending 
credit 
pursuant 
to 
a 
loan 
agreement 
entered 
into 
in 
the 
ordinary 
course 
of 
its 
trade 
or 
business 
within 
the 
meaning 
of 
Section 881(c)(3)(A) 
of 
the 
Code, 
(iv) none 
of 
its 
direct 
or 
indirect 
partners/members is a ten percent shareholder of the Borrower within the meaning of 
Section 871(h)(3)(B) 
of the 
Code and 
(v) none of 
its direct 
or indirect 
partners/members is 
a controlled 
foreign corporation 
related 
to the Borrower as described in Section 881(c)(3)(C) of the Code. 
The undersigned has 
furnished its participating 
Lender with IRS 
Form W-8IMY accompanied 
by 
one 
of 
the 
following 
forms 
from 
each 
of 
its 
partners/members 
that 
is 
claiming 
the 
portfolio 
interest 
exemption: (i) an IRS 
Form W-8BEN 
or (ii) an IRS 
Form W-8IMY 
accompanied by an 
IRS Form 
W-8BEN 
from each of 
such partner’s/member’s 
beneficial owners that 
is claiming the 
portfolio interest exemption. 

By executing this certificate, the undersigned 
agrees that (1) if the information provided 
on this certificate 
changes, the 
undersigned shall 
promptly so 
inform such 
Lender and 
(2) the undersigned 
shall have 
at all 
times 
furnished 
such 
Lender 
with 
a 
properly 
completed 
and 
currently 
effective 
certificate 
in 
either 
the 
calendar year in which 
each payment is 
to be made 
to the undersigned, or 
in either of 
the two calendar years 
preceding such payments. 
[N
AME OF 
P
ARTICIPANT
] 
By: 

 
Name: 
________________________________ 

 
Title: 
_________________________________ 

Date: 
______________________________ , 20[_] 

-1-
E
XHIBIT 
H-4 
[F
ORM OF
] 
U.S.
T
AX 
C
OMPLIANCE 
C
ERTIFICATE
(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax 
Purposes) 
Reference 
is 
made 
to 
the 
Amended 
and 
Restated 
Credit 
Agreement 
dated 
as 
of 
November 15, 2021
 
(as 
extended, 
renewed, 
amended 
or 
restated 
from 
time 
to 
time, 
the 
“Credit 
Agreement”
) among Cal-Maine Foods, Inc., the 
Guarantors party thereto, the Lenders and 
L/C Issuer party 
thereto, and 
BMO Harris 
Bank N.A., 
as Administrative 
Agent (the 
“Administrative Agent”
). 
Terms defined 
in the Credit Agreement are used herein with the same meaning. 
Pursuant to the 
provisions of Section 4.1 
of Credit Agreement, 
the undersigned hereby 
certifies that 
(i) it is the sole record owner of the Loan(s) (as well as any Note(s) 
evidencing such Loan(s)) in respect of 
which 
it 
is 
providing 
this 
certificate, 
(ii) its 
direct 
or 
indirect 
partners/members 
are 
the 
sole 
beneficial 
owners of such Loan(s) (as 
well as any Note(s) evidencing 
such Loan(s)), (iii) with respect to 
the extension 
of credit pursuant to 
this Credit Agreement or 
any other Loan Document, 
neither the undersigned nor 
any 
of its 
direct or indirect 
partners/members is 
a bank extending 
credit pursuant 
to a loan 
agreement entered 
into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, 
(iv) none of its direct or indirect 
partners/members is a ten percent shareholder 
of the Borrower within the 
meaning of 
Section 871(h)(3)(B) of 
the Code 
and (v) none 
of its 
direct or 
indirect partners/members 
is a 
controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
The 
undersigned 
has 
furnished 
the 
Administrative 
Agent 
and 
the 
Borrower 
with 
IRS 
Form 
W-8IMY accompanied 
by one 
of the 
following forms 
from each 
of its 
partners/members that 
is claiming 
the portfolio interest exemption: 
(i) an IRS Form W-8BEN 
or (ii) an IRS Form 
W-8IMY accompanied by 
an 
IRS 
Form 
W-8BEN 
from 
each 
of 
such 
partner’s/member’s 
beneficial 
owners 
that 
is 
claiming 
the 
portfolio interest 
exemption. 
By executing 
this certificate, 
the undersigned agrees 
that (1) if 
the information 
provided 
on 
this 
certificate 
changes, 
the 
undersigned 
shall 
promptly 
so 
inform 
the 
Borrower 
and 
the 
Administrative 
Agent, 
and 
(2) the 
undersigned 
shall 
have 
at 
all 
times 
furnished 
the 
Borrower 
and 
the 
Administrative Agent 
with a 
properly completed 
and currently 
effective certificate 
in either 
the calendar 
year in 
which each 
payment is 
to be 
made to 
the undersigned, 
or in 
either of 
the two 
calendar years 
preceding 
such payments. 
[N
AME OF 
L
ENDER
] 
By: 

 
Name: 
________________________________ 

 
Title: 
_________________________________ 

Date: 
______________________________ , 20[_] 

-1-
E
XHIBIT
 
I 
I
NCREASE 
R
EQUEST
Dated _____________, _______ 
To: 
BMO Harris Bank 
N.A.,
as Administrative Agent 
for 
the Lenders 
and L/C Issuer 
party to 
the Amended 
and 
Restated 
Credit 
Agreement 
dated 
as 
of 
November 15, 2021, among 
Cal-Maine Foods, 
Inc., 
as Borrower, 
the Guarantors 
referred to 
therein, the 
Lenders 
and 
L/C Issuer 
party 
thereto 
from 
time 
to 
time, 
and 
the 
Administrative 
Agent 
(as 
extended, 
renewed, amended or restated from time to time, the 
“Credit Agreement”
) 
Ladies and Gentlemen: 
The 
undersigned, 
Cal-Maine 
Foods, 
Inc. 
(the 
“Borrower”
), 
hereby 
refers 
to 
the 
Credit 
Agreement 
and 
requests 
that 
the 
Administrative 
Agent 
consent 
to 
[an 
increase 
in 
the 
aggregate 
Revolving 
Credit 
Commitments] 
[the 
making 
of 
Incremental 
Term 
Loans] 
(the 
“Increase”
), 
in 
accordance 
with 
Section 2.15
 
of 
the 
Credit 
Agreement, 
to 
be 
effected 
by 
[[an 
increase 
in 
the 
Revolving Credit Commitment of] 
[addition of a commitment 
to make an Incremental 
Term 
Loan 
by]] 
[name 
of 
existing 
Lender]] 
[the 
addition 
of 
[name 
of 
new 
Lender] 
(the 
“New 
Lender”
), 
as 
a 
Lender 
under 
the 
terms 
of 
the 
Credit 
Agreement]
. 
Capitalized 
terms 
used 
herein without 
definition shall 
have the 
same meanings 
herein as 
such terms 
have in 
the Credit 
Agreement. 
After 
giving 
effect 
to 
such 
Increase, 
the 
[Revolving 
Credit 
Commitment] 
[Incremental 
Term Loan] of the 
[Lender] [New Lender] 
shall be $_____________. 
[Include paragraphs 1-4 for a New Lender] 
 
1. 
The New Lender
hereby confirms that it has received a copy of the Loan Documents 
and the exhibits related thereto, together 
with copies of the documents which 
were required to be 
delivered 
under 
the 
Credit 
Agreement 
as 
a 
condition 
to 
the 
making 
of 
the 
Loans 
and 
other 
extensions of credit 
thereunder. 
The New Lender
acknowledges and agrees 
that it has 
made and 
will continue to make, 
independently and without reliance 
upon the Administrative Agent 
or any 
other Lender
and based on such documents and information as it has deemed appropriate, its own 
credit 
analysis 
and 
decisions 
relating 
to 
the 
Credit 
Agreement. 
The 
New 
Lender
further 
acknowledges 
and 
agrees 
that 
the 
Administrative 
Agent 
has 
not 
made 
any 
representations 
or 
warranties about 
the credit 
worthiness of 
any Loan 
Party or 
any of 
its Subsidiaries 
or any 
other 
party to the 
Credit Agreement or 
any other Loan 
Document or with 
respect to the 
legality, validity, 
sufficiency or enforceability of the Credit Agreement or any 
other Loan Document or the value of 
any security therefor. 

-2-
 
2. 
Except 
as 
otherwise 
provided 
in 
the 
Credit 
Agreement, 
effective 
as 
of 
the 
date 
of 
acceptance hereof by 
the Administrative Agent, 
the New Lender
(i) shall be deemed 
automatically 
to have become a 
party to Credit Agreement 
and have all the 
rights and obligations of 
a 
“Lender
”
 
under the Credit Agreement 
as if it were 
an original signatory thereto 
and (ii) agrees to be 
bound 
by the 
terms and 
conditions set 
forth in 
the Credit 
Agreement as 
if it 
were an 
original signatory 
thereto. 
 
3. 
The 
New 
Lender
shall 
deliver 
to 
the 
Administrative 
Agent 
a 
completed 
Administrative Questionnaire. 
 
4. 
The New Lender 
has delivered to 
the Borrower and 
the Administrative Agent 
(or is 
delivering to the Borrower and 
the Administrative Agent concurrently herewith), 
as required, the 
Tax forms referred to in Section 4.1 of the Credit Agreement. 
T
HIS 
A
GREEMENT 
SHALL 
BE 
DEEMED 
TO 
BE 
A 
CONTRACTUAL 
OBLIGATION 
UNDER
,
 
AND 
SHALL 
BE 
GOVERNED 
BY 
AND 
CONSTRUED 
IN 
ACCORDANCE 
WITH
,
 
THE 
LAWS 
OF 
THE 
STATE 
OF 
I
LLINOIS
. 
The Increase shall 
be effective when 
the executed consent 
of the Administrative 
Agent is 
received or 
otherwise in 
accordance with 
Section 2.15 of 
the Credit Agreement, 
but not 
in any 
case 
prior to ___________________, ____. 
It shall be a condition 
to the effectiveness of 
the Increase 
that all expenses referred to in Section 2.15 of the Credit Agreement shall have been paid. 
The 
Borrower 
hereby 
certifies 
that 
(a) no 
Default 
has 
occurred 
and 
is 
continuing 
and 
(b) each of the 
representations and warranties 
set forth in 
Section 6 of 
the Credit Agreement 
and 
in 
the 
other 
Loan 
Documents 
are 
and 
remain 
true 
and 
correct 
in 
all 
material 
respects 
on 
the 
effective date 
of this 
Increase (where 
not already 
qualified by 
materiality, otherwise in 
all respects), 
except to 
the extent 
the same 
expressly relate 
to an 
earlier date, 
in which 
case they 
shall be 
true 
and 
correct 
in 
all 
material 
respects 
(where 
not 
already 
qualified 
by 
materiality, 
otherwise in 
all 
respects)
as of such earlier date. 
[S
IGNATURE 
P
AGES TO 
F
OLLOW
] 

-1-
Please indicate your consent to such Increase by signing the enclosed copy of this letter in 
the space provided below. 
Very truly yours, 
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 
[N
EW OR EXISTING 
L
ENDER
] 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 
The 
undersigned 
hereby 
consents 
on 
this 
____ 
day 
of 
_________, 
20___, 
to 
the 
above-requested Increase 
BMO
H
ARRIS 
B
ANK 
N.A.,
as Administrative 
Agent, L/C Issuer, and Swingline Lender 
By _________________________________ 
 
Name 
____________________________ 
 
Title 
_____________________________ 

 

-1-
S
CHEDULE 
1.1.
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
S
HORT 
D
URATION 
F
IXED 
I
NCOME 
I
NVESTMENT 
G
UIDELINES
Summary of Changes effective July 21, 2017 
General Portfolio Parameters: 
Allow for purchase of A3 / P3 / F3 Commercial Paper with 1 – 7 day maturity

-2-
Investment Objectives: 
●
Preservation of principal 

●
Short-term liquidity 

●
Competitive returns when measured against comparable benchmarks / indices 
●
Diversification across permitted asset categories 
G
ENERAL 
P
ORTFOLIO 
P
ARAMETERS
: 
Maximum average maturity of any portfolio: 
20 months. 
Minimum average credit quality of any portfolio measured by S&P, 
Moody’s, Fitch composite rating: 

◾
Short Term A-2 / P2 / F2 
◾
Long Term A- / A3/ A- 

Maintain diversification across the permitted asset categories by (1) diversifying the self-directed Wells 
Fargo portfolio; and (2) allocating funds to outside managers. 
M
INIMUM 
C
REDIT 
R
ATINGS
: 
At time 
of purchase, 
all investments 
must carry 
a short 
/ long 
term rating 
by at 
least one 
of Moody’s, 
S&P or 
Fitch. 
If there 
are split 
ratings, at 
least one 
rating must 
meet the 
minimum per 
this guideline. 

Maximum maturity at time of purchase: 

◾
1 – 7 days - A3 / P3 / F3 
◾
8 – 365 days - A2 / P2 / F2, BBB- / Baa3 
◾
2 Years - BBB / Baa2 
◾
3 Years - A- / A3 or better 

A
CCEPTABLE 
A
SSET 
C
ATEGORIES
: 
U.S. Government Obligations 
such as those listed below
◾
Direct obligations of the US Government 
◾
Government-sponsored Agency Entities (GSE): 
◾
Federal National Mortgage Association [FNMA] 
◾
Federal Home Loan Bank [FHLB] 
◾
Federal Home Loan Mortgage Corp [FHLMC] 
◾
Federal Farm
 
Credit Bank [FFCB] 
Bank Deposits of Major US and Foreign Commercial Banks 
rated A- / A3 / F2, or FDIC guaranteed 
◾
Bankers Acceptances 
◾
Certificates of Deposit (Domestic/Yankee) 
◾
Commercial Paper Floating Rate Notes 
◾
Medium Term Notes 

◾
Time Deposits 
Institutional Prime Money Market Funds
 
rated AAA / Aaa / AAA 
Corporate Debt
 

-3-
●
Asset Backed Securities AA / Aa2 / AA 
◾
Commercial Paper 1 – 7 days – 
A3 / P3 / F3 
◾
Commercial Paper GT 7 days – 
A2 / P2 / F2 
◾
Corporate Bonds - 2 years BBB- / Baa3 / BBB- 
◾
Corporate Bonds – 3 years A- / A3 / A-, 

◾
Medium-Term Notes – A / A2 / A 
Sovereign/Supranational Debt
 
rated A- / A3 / A- 
Municipal Debt Securities 
◾
Taxable or tax-exempt municipal bonds – 
2 years; BBB+ / Baa1 / BBB+, 3 years; 
A- / A3/ A-, 
◾
Short-Term Notes; A2 / P2 / F2, SP-1 / MIG 1 
◾
Variable Rate Demand Notes with daily or weekly mandatory puts; A2 / P2 / F2, SP-1 / MIG 1 
M
UTUAL 
F
UNDS
S
HARES 
OF 
OPEN
-
END 
INVESTMENT 
COMPANIES
,
 
WITH 
AVERAGE 
MATURITIES 
QUALITY 
RATINGS 
MEETING THE GUIDELINES LISTED ABOVE
. 
Downgrades Subsequent to Purchase 
If 
a 
security’s 
credit 
rating 
is 
downgraded 
below 
the 
minimum 
acceptable 
rating, 
the 
Investment 
Manager will notify Cal-Maine of the change with a 
recommendation as to whether the security should 
be held or sold. 
Cal-Maine will make the final decision. 
E
FFECTIVE 
D
ATE
:
 

J
ULY 
21,
2017
 

 

A
PPROVED BY 
A
UDIT 
C
OMMITTEE
:
 

07/21/2017 

-4-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-1-
Rating Tier Definitions 
Moody's
S
 
& P 
Fitch
Credit worthiness 

Aaa 
AAA 
AAA 
Obligor has EXTREMELY STRONG capacity to meet financial 
commitment. 
Aa1 
AA+ 
AA+ 
Obligor has VERY STRONG capacity to meet its financial commitments. It differs from the highest 
rated obligors only in small degree. 
Aa2 
AA 
AA 
Aa3 
AA− 
AA− 
A1 
A+ 
A+ 
Obligor has STRONG capacity to meet financial commitments but is somewhat more susceptible to 
the adverse effect of changes in economic conditions and circumstances than obligors in higher-rated 
categories. 
A2 
A 
A 
A3 
A− 
A− 
Baa1 
BBB+ 
BBB+ 
Obligor has ADEQUATE capacity to meet its financial 
commitments, but adverse economic 
conditions or changing circumstances are likely to lead to a weakened capacity of the obligor to meet 
its financial commitments. 
Baa2 
BBB 
BBB 
Baa3 
BBB− 
BBB− 
Ba1 
BB+ 
BB+ 
Obligor is LESS VULNERABLE in the near term than other lower-rated obligors. However, 
it faces 
major ongoing uncertainties and exposure to adverse business, financial, or economic conditions 
which could lead to the obligor's inadequate capacity to meet its financial commitments. 
Ba2 
BB 
BB 
Ba3 
BB− 
BB− 
B1 
B+ 
B+ 
Obligor is MORE VULNERABLE than the obligors rated 'BB', but the obligor currently has the 
capacity to meet its financial commitments. Adverse business, financial, or economic conditions will 
likely impair the obligor's capacity or willingness to meet its financial commitments. 
B2 
B 
B 
B3 
B− 
B− 
Caa 
CCC 
CCC 
Obligor is CURRENTLY VULNERABLE, and dependent 
upon favorable business, financial and 
economic conditions to meet financial commitments. 
Ca 
CC 
CC 
Obligor is CURRENTLY HIGHLY 
-VULNERABLE. 
C 
C 
Obligor is CURRENTLY HIGHLY 
-VULNERABLE to nonpayment. Bankruptcy petition might have 
been filed. 
C 
D 
D 
Obligor failed to pay one or more of its financial obligations (rated or unrated) when it became due. 
e, p 
pr 
Expected 
Preliminary ratings assigned to obligations pending receipt of final documentation and legal opinions 
that may differ from the final rating. 
WR 
Rating withdrawn for reasons including: debt maturity, 
calls, puts, conversions, etc., or business 
reasons (e.g. change in the size of debt issue), or issuer default. 

Unsolicited 
Unsolicited 
Rating initiated by the ratings agency and not requested by the issuer. 
SD 
RD 
Agency believes obligor selectively defaulted on a specific issue or class of obligations but will 
NR 
NR 
NR 
No rating has been requested or insufficient information on which to base a rating. 

 

-1-
S
CHEDULE 
2.1/2.2 
C
OMMITMENTS
N
AME OF 
L
ENDER
R
EVOLVING 
C
REDIT 
C
OMMITMENT
BMO Harris Bank N.A. 
$ 
86,000,000.00 
GreenStone Farm Credit Services, ACA 
$ 
65,000,000.00 
AgFirst Farm Credit Bank 
$ 
33,000,000.00 
Compeer Financial, PCA 
$ 
33,000,000.00 
Farm Credit Bank of Texas 
$ 
33,000,000.00 
T
OTAL
$250,000,000.00 

-1-
S
CHEDULE
 
6.2 
S
UBSIDIARIES
N
AME
J
URISDICTION OF 
O
RGANIZATION
P
ERCENTAGE 
O
WNERSHIP
American Egg Products, LLC 
Georgia 
100% 
Texas Egg Products, LLC 
Texas 
Borrower 78.2% 
Wharton County Foods, LLC 
21.8% 
Benton County Foods, LLC 
Arkansas 
100% 
Southern Equipment Distributors, Inc. 
Mississippi 
100% 
South Texas Applicators, Inc. 
Delaware 
100% 
Wharton County Foods, LLC 
Texas 
100% 
Red River Valley Egg Farm, LLC 
Mississippi 
100% 
Cal-Maine Real Estate LLC 
Mississippi 
100% 

 

 

-1-
S
CHEDULE 
6.11 
LITIGATION
Refer to the discussion of certain legal proceedings involving the Borrower and/or its subsidiaries 
in our Quarterly Reports on Form 10-Q for 
the period August 28, 2021 and Notes 
to Consolidated 
Financial Statements 
on Contingencies, 
which discussions 
are incorporated 
herein by 
reference, 
and include the following: 

State of Texas 
v. Cal-Maine Foods, Inc. d/b/a Wharton; and Wharton County Foods, LLC 

On April 23, 2020, 
the Company and its 
subsidiary Wharton County Foods, 
LLC (“WCF”) were 
named 
as 
defendants 
in 
State 
of 
Texas 
v. 
Cal-Maine 
Foods, 
Inc. 
d/b/a 
Wharton; 
and 
Wharton 
County Foods, 
LLC, Cause 
No. 2020-25427, 
in the 
District Court 
of Harris 
County, 
Texas. 
The 
State of Texas (the “State”) asserted claims based on the 
Company’s and WCF’s alleged violation 
of the 
Texas 
Deceptive Trade 
Practices—Consumer Protection 
Act, Tex. 
Bus. & 
Com. Code 
§§ 
17.41-17.63 
(“DTPA”). 
The 
State 
claimed 
that 
the 
Company 
and 
WCF 
offered 
shell 
eggs 
at 
excessive 
or 
exorbitant 
prices 
during 
the 
COVID-19 
state 
of 
emergency 
and 
made 
misleading 
statements about shell 
egg prices. The State 
sought temporary and permanent 
injunctions against 
the 
Company 
and 
WCF 
to 
prevent 
further 
alleged 
violations 
of 
the 
DTPA, 
along 
with 
over 
$100,000 in 
damages. On 
August 13, 
2020, the 
court granted 
the defendants’ 
motion to 
dismiss 
the 
State’s 
original 
petition 
with 
prejudice. 
On 
September 
11, 
2020, 
the 
State 
filed 
a 
notice 
of 
appeal, which was assigned to the Texas Court of Appeals for the First District. The State filed its 
opening brief on 
December 7, 2020. 
The Company and 
WCF filed their 
response on February 
8, 
2021. The Texas 
Court of Appeals has 
not ruled on these 
submissions. Management believes the 
risk of material loss related to this matter to be remote. 
Bell et al. v. Cal-Maine Foods et al. 

On April 
30, 2020, 
the Company 
was named 
as one 
of several 
defendants in 
Bell et 
al. v. 
Cal-
Maine Foods et al., Case No. 1:20-cv-461, in the Western District of Texas, 
Austin Division. The 
defendants include numerous 
grocery stores, retailers, 
producers, and farms. Plaintiffs 
assert that 
defendants 
violated 
the 
DTPA 
by 
allegedly 
demanding 
exorbitant 
or 
excessive 
prices 
for 
eggs 
during the 
COVID-19 state 
of emergency. Plaintiffs 
request certification 
of a 
class of 
all consumers 
who 
purchased 
eggs 
in 
Texas 
sold, 
distributed, 
produced, 
or 
handled 
by 
any 
of 
the 
defendants 
during 
the 
COVID-19 
state 
of 
emergency. 
Plaintiffs 
seek 
to 
enjoin 
the 
Company 
and 
other 
defendants from selling 
eggs at a 
price more than 
10% greater than 
the price of 
eggs prior to 
the 
declaration 
of 
the 
state 
of 
emergency 
and 
damages 
in 
the 
amount 
of 
$10,000 
per 
violation, 
or 
$250,000 
for 
each 
violation 
impacting 
anyone 
over 
65 
years 
old. 
On 
December 
1, 
2020, 
the 
Company 
and 
certain 
other 
defendants 
filed 
a 
motion 
to 
dismiss 
the 
plaintiffs’ 
amended 
class 
action complaint. 
The plaintiffs 
subsequently filed 
a motion 
to strike, 
and the 
motion to 
dismiss 
and related proceedings 
were referred to 
a United States 
magistrate judge. On 
July 14, 2021, 
the 
magistrate judge issued 
a report 
and recommendation to 
the court 
that the defendants’ 
motion to 
dismiss 
be 
granted 
and 
the 
case 
be 
dismissed 
without 
prejudice 
for 
lack 
of 
subject 
matter 
jurisdiction. 
On 
September 
20, 
2021, 
the 
court 
adopted 
the 
magistrate’s 
report 
and 

 

-2-
recommendation in its 
entirety and granted 
defendants’ motion to 
dismiss plaintiffs’ first amended 
class action complaint; thereafter, the court entered a final judgment in favor of the Company and 
certain other 
defendants dismissing 
the case 
without prejudice. 
The plaintiffs 
filed a 
Motion to 
Alter or Amend Judgment seeking 
the court’s permission to file a second 
amended complaint, and 
on November 1, 2021, the Company filed its Opposition to the Plaintiffs’ 
motion. 

Kraft Foods Global, Inc. et al. v. United Egg Producers, Inc. et al. 

As 
previously 
reported, 
on 
September 
25, 
2008, 
the 
Company 
was 
named 
as 
one 
of 
several 
defendants 
in 
numerous 
antitrust 
cases 
involving 
the 
United 
States 
shell 
egg 
industry. 
The 
Company settled 
all of 
these cases, 
except for 
the claims 
of certain 
plaintiffs who 
sought substantial 
damages 
allegedly 
arising from 
the purchase 
of egg 
products 
(as 
opposed to 
shell 
eggs). 
These 
remaining plaintiffs 
are Kraft 
Food Global, 
Inc., General 
Mills, Inc., 
and Nestle 
USA, Inc. 
(the 
“Egg Products Plaintiffs”) and The Kellogg Company. 
On September 
13, 2019, 
the case 
with the 
Egg Products 
Plaintiffs 
was remanded 
from a 
multi-
district 
litigation 
proceeding 
in 
the 
United 
States 
District 
Court 
for 
the 
Eastern 
District 
of 
Pennsylvania, In 
re Processed 
Egg Products 
Antitrust Litigation, 
MDL No. 
2002, to 
the United 
States District Court for the Northern District 
of Illinois, Kraft Foods Global, Inc. et 
al. v. 
United 
Egg Producers, Inc. et 
al., Case No. 1:11-cv-8808, for 
trial. The Egg Products 
Plaintiffs allege that 
the 
Company 
and 
other 
defendants 
violated 
Section 
1 
of 
the 
Sherman 
Act, 
15. 
U.S.C. 
§ 
1, 
by 
agreeing to limit the production of eggs and thereby 
illegally to raise the prices that plaintiffs paid 
for processed egg products. In particular, the Egg Products Plaintiffs are 
attacking certain features 
of the 
United Egg 
Producers animal-welfare 
guidelines and 
program used 
by the 
Company and 
many 
other 
egg 
producers. 
The 
Egg 
Products 
Plaintiffs 
seek 
to 
enjoin 
the 
Company 
and 
other 
defendants from engaging in antitrust violations 
and seek treble money damages. The 
parties filed 
a joint status report on May 
18, 2020. On August 4, 
2021, by docket entry, the court instructed the 
parties to jointly 
submit a second 
status report to 
the court that 
included a proposed 
schedule for 
preparing a final pretrial 
order. 
On August 25, 2021, 
the parties filed a 
joint status report, and 
on 
August 26, 
2021, the 
court, by 
docket entry, 
informed the 
parties that 
the need 
to discuss 
issues 
was no 
longer necessary 
and that 
a scheduled 
August 30, 
2021, status 
hearing was 
stricken. No 
trial schedule has yet been entered by the court. 
In addition, 
on October 
24, 2019, 
the Company 
entered into 
a confidential 
settlement agreement 
with The Kellogg Company dismissing all claims 
against the Company for an amount that did 
not 
have 
a 
material 
impact 
on 
the 
Company’s 
financial 
condition 
or 
results 
of 
operations. 
On 
November 11, 
2019, a stipulation for 
dismissal was filed with 
the court, but the 
court has not yet 
entered a judgment on the filing. 
The Company 
intends to 
continue to 
defend the 
remaining case 
with the 
Egg Products 
Plaintiffs 
as 
vigorously 
as 
possible 
based 
on 
defenses 
which 
the 
Company 
believes 
are 
meritorious 
and 
provable. Adjustments, 
if any, which 
might result 
from the 
resolution of 
this remaining 
matter with 
the Egg Products Plaintiffs have 
not been reflected in 
the financial statements. While 
management 
believes that there 
is still a 
reasonable possibility of 
a material adverse 
outcome from the 
case with 
the 
Egg 
Products 
Plaintiffs, 
at 
the 
present 
time, 
it 
is 
not 
possible 
to 
estimate 
the 
amount 
of 
monetary 
exposure, 
if 
any, 
to 
the 
Company 
due 
to 
a 
range 
of 
factors, 
including 
the 
following, 

 

-3-
among others: 
the matter 
is in 
the early 
stages of 
preparing for 
trial following 
remand; any 
trial 
will 
be 
before 
a 
different 
judge 
and 
jury 
in 
a 
different 
court 
than 
prior 
related 
cases; 
there 
are 
significant 
factual 
issues 
to 
be 
resolved; 
and 
there 
are 
requests 
for 
damages 
other 
than 
compensatory damages (i.e., injunction and treble money damages). 
State of Oklahoma Watershed Pollution Litigation 
On 
June 18, 
2005, 
the 
State 
of 
Oklahoma 
filed 
suit, 
in 
the 
United 
States 
District 
Court 
for 
the 
Northern District 
of Oklahoma, 
against Cal-Maine 
Foods, Inc. 
and Tyson Foods, 
Inc. and 
affiliates, 
Cobb-Vantress, Inc., Cargill, Inc. and its affiliate, George’s, 
Inc. and its affiliate, Peterson Farms, 
Inc. and Simmons Foods, Inc. The State of Oklahoma claims that through the disposal of chicken 
litter the defendants have polluted the Illinois River Watershed. This watershed provides water to 
eastern Oklahoma. The complaint seeks injunctive 
relief and monetary damages, but the 
claim for 
monetary damages 
has been 
dismissed by 
the court. 
Cal-Maine Foods, 
Inc. discontinued 
operations 
in the watershed. Accordingly, 
we do not anticipate that Cal-Maine Foods, Inc. will be materially 
affected 
by 
the 
request 
for 
injunctive 
relief 
unless 
the 
court 
orders 
substantial 
affirmative 
remediation. Since 
the litigation 
began, Cal-Maine 
Foods, Inc. 
purchased 100% 
of the 
membership 
interests 
of 
Benton 
County 
Foods, 
LLC, 
which 
is 
an 
ongoing 
commercial 
shell 
egg 
operation 
within the 
Illinois River 
Watershed. Benton 
County Foods, 
LLC is 
not a 
defendant in 
the litigation. 
The trial in the case began in September 2009 and concluded in February 2010. The case was 
tried without a jury, and the court has not yet issued its ruling. Management believes the risk of 
material loss related to this matter to be remote. 

 

-1-
S
CHEDULE 
8.7 
E
XISTING 
I
NDEBTEDNESS
1. 
Other Indebtedness. 
P
AYEE
%
R
ATE
I
NSTALLMENT
T
OTAL
C
URRENT
L
ONG
-T
ERM
Farm Credit (MOBA) 
4.90 
Variable 
$524,316 
$218,561 
$305,755 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-1-
S
CHEDULE 
8.8 
E
XISTING 
L
IENS
UCC,
T
AX
,
J
UDGMENT 
&
O
THER 
L
IEN 
S
EARCH 
R
ESULTS
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Delaware Secretary of 
State 
10/28/2021 
Federal Tax 
Lien 
Clear 
UCC Lien 
20040026486 
1/6/04 
Metropolitan Life 
Insurance Company 
Specific assets 
20084305700 
12/30/08 
Continuation of 20040026486 
20133221661 
8/16/13 
Continuation of 20040026486 
2018 4896268 
07/17/18 
Continuation of 20040026486 
2019 8532546 
12/03/19 
Termination of 20040026486 
20064287603 
12/1/06 
Metropolitan Life 
Insurance Company 
Specific equipment and property 
20112956848 
8/1/11 
Continuation of 20064287603 
20150287457 
1/22/15 
Termination of 20064287603 
20166699613 
10/31/16 
Continuation of 20064287603 
20141235852 
3/31/14 
Metropolitan Life 
Insurance Company 
Specific personal property 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-2-
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
2018 6708107 
09/28/18 
Partial release collateral of 
20141235852 
2018 6960070 
10/08/18 
Continuation of 
20141235852 
2019 8532538 
12/03/19 
Termination of 
20141235852 
20141238401 
3/31/14 
Metropolitan Life 
Insurance Company 
Specific equipment and property 
20173735385 
6/7/17 
Termination of 20141238401 
2018 8545457 
12/10/18 
Continuation of 20141238401 
2019 8532553 
12/03/19 
Termination of 20141238401 
2018 4722720 
07/10/18 
BMO Harris Bank N.A., 
as Agent 
Debtor’s interest in Accounts, 
chattel paper, instruments, etc., all 
as more fully described on 
Schedule I 
2018 8294304 
11/30/18 
Pure Water Partners 
Leased equipment 
2019 8080710 
11/15/19 
Canon Financial Services, 
Inc. 
Leased equipment 
New Castle County 
Recorder of Deeds, 
Delaware 
09/21/2021 
Fixture 
Filings and 
Federal Tax 
Liens 
Clear 
Hinds County, MS 
10/29/2021 
Fixtures, 
State Tax 
Liens and 
Judgments 
Clear 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-3-
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Federal Tax 
Liens 
64-64 
04/01/19 
Internal Revenue Service 
$533,014.90 
Released on 05/08/19 and 06/13/19 
W
HARTON 
C
OUNTY 
F
OODS
,
LLC 
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Texas Secretary of State 
10/28/2021 
UCC and 
Federal Tax 
Liens 
Clear 
Dallas County, Texas 
10/22/2021 
Fixture 
Filings and 
Judgment, 
Federal and 
State Tax 
Liens 
Clear 
Wharton County, Texas 
11/05/2021 
Fixture 
Filings and 
Judgment, 
Federal & 
State Tax 
Liens 
Clear 
Hinds County, MS 
10/29/2021 
Fixtures, 
Federal and 
State Tax 
Liens and 
Judgments 
Clear 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-4-
S
OUTH 
T
EXAS 
A
PPLICATORS
,
I
NC
. 
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Delaware Secretary of 
State 
10/28/2021 
Federal Tax 
Lien 
Clear 
UCC Lien 
2018 4722894 
07/10/18 
BMO Harris Bank N.A., 
as Agent 
Debtor’s interest in Accounts, 
chattel paper, instruments, etc., all 
as more fully described on 
Schedule I 
New Castle County, 
Delaware 
09/21/2021 
Fixture 
Filings, 
Federal and 
State Tax 
Liens and 
Judgments 
Clear 
Hinds County, MS 
10/29/2021 
Fixtures, 
Federal and 
State Tax 
Liens and 
Judgments 
Clear 
Gonzales County Clerk, 
Texas 
11/05/2021 
Fixture 
Filings, 
Federal and 
State Tax 
Liens and 
Judgments 
Clear 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-5-
S
OUTHERN 
E
QUIPMENT 
D
ISTRIBUTORS
,
I
NC
. 
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Mississippi Secretary of 
State 
10/29/2021 
Federal and 
State Tax and 
UCC Liens 
Clear 
Hinds County, MS 
10/29/2021 
Fixtures, 
Federal and 
State Tax 
Liens and 
Judgments 
Clear 
A
MERICAN 
E
GG 
P
RODUCTS
,
LLC 
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Superior Court Clerks 
Cooperative Authority, 
Georgia 
10/20/2021 
UCC 
No Records 
Found 
11/08/2021 
State Tax 
Lien – GA 
Department 
of Revenue 
Clear 
Pierce County Clerk of 
the Superior Court, 
Georgia 
10/22/2021 
Fixture 
Filings, 
Federal & 
State Tax 
Clear 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-6-
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
and 
Judgment 
Liens 
Gwinnett County, GA 
11/03/2021 
Fixtures, 
Federal and 
State Tax 
Liens and 
Judgments 
Clear 
Hinds County, MS 
10/29/2021 
Fixtures, 
Federal and 
State Tax 
Liens and 
Judgments 
Clear 
B
ENTON 
C
OUNTY 
F
OODS
,
LLC 
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Arkansas Secretary of 
State 
11/03/2021 
UCC and 
Federal Tax 
Liens 
Clear 
Benton County, AR 
11/02/2021 
Fixtures, 
Federal and 
State Tax 
Liens 

Clear 
Judgments 
Bk/PG: 2012-
1961 
01/31/12 
Department of Workforce 
Services 
$271.05 
Released on 02/08/13 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-7-
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Bk/PG: 2012-
17777 
10/05/12 
Department of Finance 
and Administration 
$2,840.57 
Released on 07/30/13 
Bk/PG: 2013-
8874 
06/19/13 
Department of Finance 
and Administration 
$864.98 
Released on 08/08/13 
Hinds County, MS 
10/29/2021 
Fixtures, 
Federal and 
State Tax 
Liens and 
Judgments 
Clear 
C
AL
-M
AINE 
R
EAL 
E
STATE 
LLC 
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Mississippi Secretary of 
State 
10/29/2021 
UCCs, Federal 
and State Tax 
Liens 
Clear 
Madison County, MS 
10/27/2021 
Fixture Filings, 
Federal and 
State Tax Liens, 
Pending Suits 
and Judgments 
Clear 
U.S. District Court, 
Mississippi Southern 
District 
11/03/2021 
Federal Pending 
Suits 
Clear 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-8-
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
U.S. Bankruptcy Court, 
Mississippi Southern 
District 
11/03/2021 
Bankruptcy 
Clear 
R
ED 
R
IVER 
V
ALLEY 
E
GG 
F
ARM
,
LLC 
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Mississippi Secretary of 
State 
10/29/2021 
UCCs and 
Federal Tax 
Liens 
Clear 
U.S. District Court, 
Mississippi Southern 
District 
11/03/2021 
Federal Pending 
Suits 
Clear 
U.S. Bankruptcy Court, 
Mississippi Southern 
District 
11/03/2021 
Bankruptcy 
Clear 
Red River County, TX 
10/05/2021 
Fixture Filings, 
Federal and 
State Tax Liens 
and Judgments 
Clear 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-9-
T
EXAS 
E
GG 
P
RODUCTS
,
LLC 
J
URISDICTION
S
EARCH 
D
ATE
T
YPE OF 
S
EARCH
F
ILING 
N
O
. 
F
ILING 
D
ATE
S
ECURED 
P
ARTY
C
OLLATERAL 
T
YPE
Texas Secretary of State 
10/28/2021 
UCCs and 
Federal Tax 
Liens 
Clear 
Gonzales County Clerk, 
Texas 
11/05/2021 
Fixture Filings, 
Federal and 
State Tax Liens 
and Judgments 
Clear 
U.S. District Court, 
Texas District Court 
11/03/2021 
Federal Pending 
Suits 
Clear 
U.S. Bankruptcy Court, 
Texas Western District 
11/03/2021 
Bankruptcy 
Clear 

 

 

 

 

 

 

 

-1-
S
CHEDULE 
8.9 
E
XISTING 
I
NVESTMENTS
Cal-Maine Foods, Inc. 
Existing Investments 
Period Ending August 28, 2021 
Unconsolidated Entities: 
Eggland's Best 
 
$ 
767,808.74 

Southwest Specialty 
 
$5,331,744.00 

Specialty Egg 
 
$ 
349,554.65 

US Egg Marketers 
 
$ 
28,000.00 

 
$6,477,107.39 

Investment in Xiant 
 
$4,272,490.92 

Life Insurance Cash Value 
 
$ 
928,233.08 

Vanguard 
 
$4,035,178.74 

 
$15,713,010.13 

-1-
A
MENDED AND 
R
ESTATED 
C
REDIT 
A
GREEMENT
This Amended and Restated Credit 
Agreement is entered into 
as of November 15, 2021 
by 
and 
among 
Cal-Maine 
Foods, 
Inc., 
a 
Delaware 
corporation 
(the 
“Borrower”
), 
the 
direct 
and 
indirect Wholly-owned Subsidiaries that are 
Domestic Subsidiaries of the Borrower 
from time to 
time party 
to this 
Agreement, as 
Guarantors, the 
several financial 
institutions from 
time to 
time 
party to 
this Agreement, 
as Lenders, 
and BMO H
ARRIS 
B
ANK 
N.A.,
as Administrative 
Agent as 
provided herein. 

P
RELIMINARY 
S
TATEMENT
W
HEREAS
,
pursuant to 
that certain 
Credit Agreement 
dated as 
of July 
10, 2018 
(as amended 
prior to the date 
hereof, without giving effect to 
the amendments and restatements 
set forth herein, 
the 
“Existing Credit Agreement”
), by and among the Borrowers, the Guarantors 
party thereto, the 
lenders party thereto and the Administrative Agent, the 
lenders thereunder have made available to 
the 
Borrowers 
a 
revolving 
loan 
facility 
upon 
and 
subject 
to 
the 
terms 
and 
conditions 
set 
forth 
therein; 
W
HEREAS
, 
the 
Loan 
Parties, 
the 
Administrative 
Agent 
and 
the 
Lenders 
desire 
to 
amend 
and 
restate 
the 
Existing 
Credit 
Agreement 
in 
its 
entirety 
in 
order 
to 
provide 
an 
increase 
to 
the 
revolving credit facility and make certain other amendments as more fully set forth 
herein, which 
amendment and restatement 
shall become effective 
upon satisfaction of 
the conditions precedent 
set forth herein; 
W
HEREAS
, in 
connection with 
the foregoing 
and as 
an inducement 
for the 
Lenders to 
extend 
and/or 
continue 
to 
extend 
the 
credit 
contemplated 
hereunder, 
the 
Loan 
Parties 
have 
agreed 
to 
continue 
to 
secure 
all 
of 
their 
joint 
and 
several 
Obligations 
by 
granting 
to 
the 
Administrative 
Agent, for the benefit of the Lenders, 
a first priority lien on the Collateral 
(as hereinafter defined); 
and 

W
HEREAS
, it is the 
intent of the 
parties hereto that 
this Agreement not 
constitute a novation 
of the obligations 
and liabilities of 
the parties under 
the Existing Credit 
Agreement, and the 
parties 
hereto 
hereby 
agree 
that 
all 
obligations 
under 
the 
Loan 
Documents 
(as 
amended 
prior 
to 
the 
Closing Date) shall continue in full force and effect from and after the Closing Date. 
N
OW
,
T
HEREFORE
, in consideration 
of the mutual 
agreements contained herein, 
and other 
good and valuable 
consideration, the receipt 
and sufficiency 
of which are 
hereby acknowledged, 
the parties hereto hereby agree as follows: 

 

-2-
S
ECTION
 
1. 
D
EFINITIONS
;
I
NTERPRETATION
. 
Section 1.1. 
Definitions
. 
The following terms when used herein shall have the 
following 
meanings: 
“Acquired Business”
 
means the entity or assets acquired by the 
Borrower or another Loan 
Party in an Acquisition, whether before or after the date hereof. 
“Acquisition”
 
means any transaction or series of related transactions for the purpose of or 
resulting, directly 
or indirectly, 
in (a) the 
acquisition of 
all or 
substantially all 
of the 
assets of 
a 
Person, or 
of any business 
or division 
of a Person, 
(b) the acquisition 
of no less 
than 51% of 
the 
capital 
stock, 
partnership 
interests, 
membership 
interests 
or 
equity 
of 
any 
Person 
(other 
than 
a 
Person 
that 
is 
a 
Subsidiary), 
or 
otherwise 
causing 
any 
Person 
to 
become 
a 
Subsidiary, 
or 
(c) a 
merger or consolidation or any other combination with another Person (other than a Person that is 
a Subsidiary) provided that the Borrower or a Guarantor is the surviving entity. 
“Additional 
Credit 
Extension 
Amendment” 
means 
an 
amendment 
to 
this 
Agreement 
(which 
may, 
at 
the 
option 
of 
the 
Administrative 
Agent, 
be 
in 
the 
form 
of 
an 
amendment 
and 
restatement of 
this Agreement) 
providing for 
any Extended 
Revolving Credit 
Commitments and/or 
Extended 
Incremental 
Term 
Loans pursuant 
to Section 
2.16, which 
shall 
be 
consistent with 
the 
applicable 
provisions of 
this 
Agreement 
and 
otherwise 
satisfactory 
to 
the parties 
thereto. 
Each 
Additional Credit Extension Amendment shall 
be executed by the Administrative Agent, 
the L/C 
Issuer and/or 
the Swingline 
Lender (to 
the extent 
Section 2.16 
would require 
the consent 
of the 
L/C 
Issuer 
and/or 
the 
Swingline 
Lender, 
respectively 
for 
the 
amendments 
effected 
in 
such 
Additional Credit Extension Amendment), the Loan Partis and each applicable extending Lender. 

Any Additional Credit Extension Amendment may 
include conditions for delivery of opinions 
of 
counsel 
and 
other 
documentation 
consistent 
with 
the 
conditions 
in 
Section 
7.2 
all 
to 
the 
extent 
reasonably requested by the Administrative Agent 
or the Lenders party to such 
Additional Credit 
Extension Amendment. 
“Adjusted 
LIBOR”
 
means, 
for 
any 
Borrowing 
of 
Eurodollar 
Loans, 
a 
rate 
per 
annum 
determined in accordance with the following formula: 
Adjusted LIBOR 
= 
LIBOR 

 
1 - Eurodollar Reserve Percentage 
“Administrative Agent” 
means BMO Harris 
Bank N.A., in 
its capacity as 
Administrative 
Agent hereunder, and any successor in such capacity pursuant to Section 10.6. 
“Administrative 
Questionnaire” 
means 
an 
Administrative 
Questionnaire 
in 
a 
form 
supplied by the Administrative Agent.
“Affiliate” 
means, 
with 
respect 
to 
a 
specified 
Person, 
another 
Person 
that 
directly, 
or 
indirectly through 
one or 
more intermediaries, 
Controls or 
is Controlled 
by or 
is under 
common 
Control with the Person specified; 
provided that
, in any event for purposes 
of this definition, any 
Person that 
owns, directly 
or indirectly, 
5% or 
more of 
the securities 
having the 
ordinary voting 

-3-
power 
for 
the 
election 
of 
directors 
or 
governing 
body 
of 
a 
corporation 
or 
5% 
or 
more 
of 
the 
partnership or other ownership interest of 
any other Person (other than 
as a limited partner of 
such 
other Person) will be deemed to control such corporation or other Person. 

“Agreement”
 
means this 
Amended and 
Restated Credit 
Agreement, as 
the same 
may be 
amended, modified, restated or supplemented from time to time pursuant to the terms hereof. 
“Anti-Corruption Law”
 
means the 
FCPA and any law, rule 
or regulation 
of any 
jurisdiction 
concerning 
or 
relating 
to 
bribery 
or 
corruption 
that 
are 
applicable 
to 
any 
Loan 
Party 
or 
any 
Subsidiary or Affiliate. 
“Applicable 
Margin”
 
means, 
with 
respect 
to 
Loans, 
Reimbursement 
Obligations, 
L/C 
Participation Fees, 
and the 
commitment fees 
payable under 
Section 3.1(a), until 
the first 
Pricing 
Date, the rates per annum shown 
opposite Level I below, 
and thereafter from one Pricing Date 
to 
the 
next 
the 
Applicable 
Margin 
means 
the 
rates 
per 
annum 
determined 
in 
accordance 
with 
the 
following schedule: 
L
EVEL
T
OTAL 
F
UNDED 
D
EBT TO 
C
APITALIZATION 
R
ATIO FOR 
S
UCH 
P
RICING 
D
ATE
A
PPLICABLE 
M
ARGIN FOR 
B
ASE 
R
ATE 
L
OANS UNDER 
R
EVOLVING 
F
ACILITY AND 
R
EIMBURSEMENT 
O
BLIGATIONS SHALL 
BE
: 
A
PPLICABLE 
M
ARGIN FOR 
E
URODOLLAR 
L
OANS UNDER 
R
EVOLVING 
F
ACILITY AND 
L/C
P
ARTICIPATION 
F
EES SHALL BE
: 
A
PPLICABLE 
M
ARGIN FOR 
C
OMMITMENT 
F
EE 
SHALL BE
: 
I 
Less than 20.0% 
0.00% 
1.00% 
0.15% 
II 
Greater 
than 
or 
equal 20.0% 
and 
less than 30.0% 
0.25% 
1.25% 
0.20% 
III 
Greater 
than 
or 
equal 30.0% 
and 
less than 40.0% 
0.50% 
1.50% 
0.20% 
IV 
Greater 
than 
or 
equal to 40.0% 
0.75% 
1.75% 
0.25% 
For purposes hereof, 
the term 
“Pricing Date”
 
means, for 
any fiscal quarter 
of the Borrower 
ending 
on or 
after November 
27, 2021, 
the date 
on which 
the Administrative 
Agent is 
in receipt 
of the 
Borrower’s most recent financial statements (and, in the 
case of the year-end financial statements, 
audit 
report) 
for 
the 
fiscal 
quarter 
then ended, 
pursuant to 
Section 8.5. 
The 
Applicable 
Margin 
shall be established based on 
the Total 
Funded Debt to Capitalization 
Ratio for the most recently 
completed fiscal quarter and the Applicable 
Margin established on a 
Pricing Date shall remain in 
effect until the next Pricing Date. 
If the Borrower has not delivered 
its financial statements by the 
date such financial statements 
(and, in the case of 
the year-end financial 
statements, audit report) 
are required to be delivered under Section 8.5, until such financial statements and audit report are 
delivered, 
the 
Applicable 
Margin 
shall 
be 
the 
highest 
Applicable 
Margin 
(
i.e.,
 
Level IV 
shall 
apply). 
If the 
Borrower subsequently 
delivers such 
financial statements 
before the 
next Pricing 

-4-
Date, 
the 
Applicable 
Margin 
shall 
be 
determined 
on 
the 
date 
of 
delivery 
of 
such 
financial 
statements 
and 
remain 
in 
effect 
until 
the 
next 
Pricing 
Date. 
In 
all 
other 
circumstances, 
the 
Applicable Margin 
shall be in 
effect from 
the Pricing Date 
that occurs immediately 
after the end 
of 
the 
fiscal 
quarter 
covered 
by 
such 
financial 
statements 
until 
the 
next 
Pricing 
Date. 
Each 
determination of the Applicable 
Margin made by the Administrative 
Agent in accordance with 
the 
foregoing 
shall 
be 
conclusive 
and 
binding 
on 
the 
Borrower 
and 
the 
Lenders 
if 
reasonably 
determined. 

“Application”
 
is defined in Section 2.3(b). 
“Assignment 
and 
Assumption”
 
means 
an 
assignment 
and 
assumption 
entered 
into 
by 
a 
Lender 
and 
an 
Eligible 
Assignee 
(with 
the 
consent 
of 
any 
party 
whose 
consent 
is 
required 
by 
Section 13.2(b)), and accepted by 
the Administrative Agent, 
in substantially the 
form of Exhibit G 
or any other form approved by the Administrative Agent.
“Authorized Representative”
 
means those 
persons shown 
on the 
list of 
officers provided 
by the 
Borrower pursuant 
to Section 7.2 
or on 
any update 
of any 
such list 
provided by 
the Borrower 
to the Administrative Agent, or any further or different officers 
of the Borrower so named by any 
Authorized Representative of the Borrower in a written notice to the Administrative Agent. 
“Bail-In Action”
 
means the 
exercise of 
any Write-Down 
and Conversion 
Powers by 
the 
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
“Bail-In 
Legislation”
 
means, 
with 
respect 
to 
any 
EEA 
Member 
Country 
implementing 
Article 55 
of Directive 
2014/59/EU of 
the European 
Parliament and 
of the 
Council of 
the European 
Union, the implementing 
law for such 
EEA Member Country 
from time to 
time which is 
described 
in the EU Bail-In Legislation Schedule. 
“Bank 
Products”
 
means 
each 
and 
any 
of 
the 
following 
bank 
products 
and 
services 
provided to any 
Loan Party 
by any Lender 
or any of 
its Affiliates: 
(a) credit or 
charge cards 
for 
commercial customers 
(including, without 
limitation, “commercial 
credit cards” 
and purchasing 
cards), 
(b) stored 
value 
cards, 
and 
(c) depository, 
cash 
management, 
and 
treasury 
management 
services 
(including, 
without 
limitation, 
controlled 
disbursement, 
automated 
clearinghouse 
transactions, return items, overdrafts and interstate depository network services). 
“Bank Product 
Obligations”
 
of the 
Loan Parties 
means any 
and all 
of their 
obligations, 
whether 
absolute 
or 
contingent 
and 
howsoever 
and 
whensoever 
created, 
arising, 
evidenced 
or 
acquired (including all renewals, extensions and 
modifications thereof and substitutions therefor) 
in connection with Bank Products. 
“Base Rate”
 
means, for any 
day, 
the rate per 
annum equal to 
the greatest of: 
(a) the rate 
of interest announced 
or otherwise established 
by the Administrative 
Agent from time 
to time as 
its prime commercial 
rate
as in effect 
on such day, with 
any change in 
the Base Rate 
resulting from 
a change in said prime commercial rate 
to be effective as of the date of the 
relevant change in said 
prime 
commercial 
rate 
(it 
being 
acknowledged 
and 
agreed 
that 
such 
rate 
may 
not 
be 
the 
Administrative Agent’s best or 
lowest rate), (b) the 
sum of (i) the 
Federal Funds Rate 
for such day, 

-5-
plus
 
(ii) 1/2 of 1%, and (c) the LIBOR Quoted Rate for such day 
plus 
1.00%. 
As used herein, the 
term 
“LIBOR Quoted Rate”
 
means, for any day, the rate per annum 
equal to the quotient of 
(i) the 
rate per 
annum (rounded 
upwards, if 
necessary, 
to the 
next higher 
one hundred-thousandth 
of a 
percentage point) 
for deposits 
in U.S. 
Dollars for 
a one-month 
interest period 
as reported 
on the 
applicable Bloomberg 
screen page 
(or such 
other commercially 
available source 
providing such 
quotations as may be designated by the Administrative Agent from 
time to time) as of 11:00 a.m. 
(London, England 
time) on 
such day 
(or, 
if such 
day is 
not a 
Business Day, 
on the 
immediately 
preceding 
Business 
Day) 
divided 
by 
(ii) one 
(1) 
minus 
the 
Eurodollar 
Reserve 
Percentage, 
provided
 
that in no event shall the “LIBOR Quoted Rate” be less than 0.00%. 
“Base Rate Loan”
 
means a Loan bearing interest at a rate specified in Section 2.4(a). 
“Beneficial Ownership 
Certification”
 
means a 
certification regarding 
beneficial ownership 
a required by the Beneficial Ownership Regulation. 
“Beneficial Ownership Regulation”
 
means 31 CFR § 1010.230. 
“Borrower”
 
is defined in the introductory paragraph of this Agreement. 
“Borrowing”
 
means 
the 
total 
of 
Loans 
of 
a 
single 
type 
advanced, 
continued 
for 
an 
additional Interest Period, or converted from 
a different type into such 
type by the Lenders under 
a 
Facility 
on 
a 
single 
date 
and, 
in 
the 
case 
of 
Eurodollar 
Loans, 
for 
a 
single 
Interest 
Period. 

Borrowings of Loans are 
made and maintained ratably 
from each of the 
Lenders under a Facility 
according to their 
Percentages of such Facility. 
A Borrowing is 
“advanced”
 
on the day Lenders 
advance 
funds 
comprising 
such 
Borrowing 
to 
the 
Borrower, 
is 
“continued”
 
on 
the 
date 
a 
new 
Interest Period 
for the 
same type 
of Loans 
commences for 
such Borrowing, 
and is 
“converted”
when such Borrowing is changed from one 
type of Loans to the other, 
all as determined pursuant 
to Section 2.6. 
Borrowings of Swingline Loans are made by the 
Swingline Lender in accordance 
with the procedures set forth in Section 2.2(b). 
“Business Day”
 
means any day (other than a Saturday or Sunday) on which banks are not 
authorized or required 
to close in 
Chicago, Illinois and, 
if the applicable 
Business Day relates 
to 
the advance 
or continuation 
of, or 
conversion into, 
or payment 
of a 
Eurodollar 
Loan, on 
which 
banks are dealing in U.S. Dollar deposits in the interbank eurodollar market in London, England. 
“Capital Expenditures”
 
means, with 
respect to 
any Person 
for any 
period, the 
aggregate 
amount of all expenditures 
(whether paid in cash 
or accrued as a 
liability) by such Person 
during 
that period for the acquisition or leasing (pursuant to 
a Capital Lease) of fixed or capital assets or 
additions 
to 
property, 
plant, 
or 
equipment 
(including 
replacements, 
capitalized 
repairs, 
and 
improvements), and for any of the foregoing are required to be capitalized on the balance sheet of 
such Person in accordance with GAAP. 

“Capital Lease
” means any lease of Property which in accordance with GAAP is required 
to be capitalized on 
the balance sheet of 
the lessee; 
provided
 
that the adoption or 
issuance of any 
accounting 
standards after 
the Closing 
Date 
will not 
cause 
any lease 
that 
was 
not 
or would 
not 
have been a Capital Lease prior to such adoption or issuance to be deemed a Capital Lease. 

 

-6-
“Capitalized Lease Obligation”
 
means, for any Person, the 
amount of the liability shown 
on the balance 
sheet of such 
Person in respect 
of a Capital 
Lease determined in 
accordance with 
GAAP. 
“Cash Collateralize”
 
means, to 
pledge and 
deposit with 
or deliver 
to the 
Administrative 
Agent, for 
the benefit of 
one or 
more of the 
L/C Issuer 
or Lenders, 
as collateral for 
L/C Obligations 
or 
obligations 
of 
Lenders 
to 
fund 
participations 
in 
respect 
of 
L/C 
Obligations, 
cash 
or 
deposit 
account balances subject 
to a first 
priority perfected security 
interest in favor 
of the Administrative 
Agent 
or, 
if 
the 
Administrative 
Agent 
and 
each 
applicable 
L/C 
Issuer 
shall 
agree 
in 
their 
sole 
discretion, 
other 
credit 
support, 
in 
each 
case 
pursuant 
to 
documentation 
in 
form 
and 
substance 
satisfactory to the Administrative Agent and each applicable L/C Issuer. 

“Cash Collateral”
 
shall 
have a meaning correlative to the foregoing and shall include the proceeds of 
such cash collateral 
and other credit support. 
“Cash 
Equivalents” 
means 
(a) 
cash 
in 
banks 
or 
on 
hand 
and 
(b) investments 
with 
a 
maturity of three (3) months or less when purchased, which are made in accordance with the Cal-
Maine Investment Guidelines as 
attached hereto as Schedule 1.1,
17
 
as the same may 
be amended 
from time to time with the consent of the Required Lenders. 
“CERCLA” 
means 
the 
Comprehensive 
Environmental 
Response, 
Compensation 
and 
Liability 
Act 
of 
1980, 
as 
amended 
by 
the 
Superfund 
Amendments 
and 
Reauthorization 
Act 
of 
1986, 42 U.S.C. 
§§
9601 
et seq.,
 
and any future amendments. 
“Change in 
Law”
 
means the 
occurrence, after 
the date 
of this 
Agreement, of 
any of 
the 
following: 
(a) the adoption or 
taking effect 
of any law, 
rule, regulation or 
treaty, 
(b) any change 
in 
any 
law, 
rule, 
regulation 
or 
treaty 
or 
in 
the 
administration, 
interpretation, 
implementation 
or 
application thereof by any Governmental Authority, 
or (c) the making or issuance of any request, 
rule, 
guideline 
or 
directive 
(whether 
or 
not 
having 
the 
force 
of 
law) 
by 
any 
Governmental 
Authority; 
provided
 
that notwithstanding 
anything herein 
to the contrary, (x) the 
Dodd-Frank Wall 
Street 
Reform 
and 
Consumer 
Protection 
Act 
and 
all 
requests, 
rules, 
regulations, 
guidelines 
or 
directives thereunder 
or issued 
in connection 
therewith 
and (y) 
all requests, 
rules, guidelines 
or 
directives promulgated 
by the 
Bank for 
International Settlements, 
the Basel 
Committee on 
Banking 
Supervision 
(or 
any 
successor 
or 
similar 
authority) 
or 
the 
United 
States 
or 
foreign 
regulatory 
authorities, in 
each case 
pursuant to 
Basel III, 
shall in 
each case 
be deemed 
to be 
a “Change 
in 
Law”, regardless of the date enacted, adopted or 
issued, or (b) any “Change of Control” (or 
words 
of 
like 
import), 
as 
defined 
in 
any 
agreement 
or 
indenture 
relating 
to 
any 
issue 
of 
Material 
Indebtedness of any Loan Party or any Subsidiary of a Loan Party, shall occur. 
“Change of Control”
 
means Fred R. Adams Jr. 
, 
his spouse, natural children, sons-in-law 
or 
grandchildren, 
or 
any 
trust, 
guardianship, 
conservatorship 
or 
custodianship 
for 
the 
primary 
benefit of 
any of 
the foregoing, 
or any 
family limited partnership, 
similar limited 
liability company 
or other entity that 100% of voting control of such entity, is held by any of the foregoing, cease at 
17
 
Note to Cal-Maine: 
Please provide most up to date version of the investment guidelines. 

-7-
any time 
and for 
any reason 
(including death 
or incapacity) 
to own, 
legally 
and beneficially, 
at 
least 50% of the votes represented by the Voting Stock of the Borrower. 
“Closing Date”
 
means the date of this Agreement or such later Business Day upon which 
each condition described in Section 7.2 shall 
be satisfied or waived in a manner 
acceptable to the 
Administrative Agent in its discretion. 
“Code”
 
means the Internal Revenue Code of 1986, as amended, and any successor statute 
thereto. 
“Collateral”
 
means all 
properties, rights, 
interests, and 
privileges from 
time to 
time subject 
to the Liens granted 
to the Administrative Agent, 
or any security trustee 
therefor, by the Collateral 
Documents. 
“Collateral Account”
 
is defined in Section 9.4. 
“Collateral Access Agreement”
 
means any landlord 
waiver, warehouse, processor or 
other 
bailee letter 
or other 
agreement, in 
form and 
substance satisfactory 
to the 
Administrative Agent, 
between the Administrative 
Agent and any 
third party (including 
any bailee, consignee, 
customs 
broker, or other similar Person) in possession of any Collateral or 
any landlord of the Borrower or 
any 
Subsidiary 
for 
any 
real 
property 
where 
any 
Collateral 
is 
located, 
as 
such 
landlord 
waiver, 
bailee 
letter 
or 
other 
agreement 
may 
be 
amended, 
restated, 
or 
otherwise 
modified 
from 
time 
to 
time. 
“Collateral Documents” 
means the Security Agreement, 
and all other mortgages, 
deeds of 
trust, 
security 
agreements, 
pledge 
agreements, 
assignments, 
financing 
statements, 
control 
agreements, 
and 
other 
documents 
as 
shall 
from 
time 
to 
time 
secure 
or 
relate 
to 
the 
Secured 
Obligations or any part thereof. 
“Commitments”
 
means the Revolving Credit Commitments. 
“
Commodity Exchange Act”
 
means the Commodity 
Exchange Act (7 
U.S.C. § 1 
et seq.), 
as amended from time to time, and any successor statute. 

“Connection 
Income 
Taxes”
 
means 
Other 
Connection 
Taxes 
that 
are 
imposed 
on 
or 
measured by 
net income 
(however denominated) 
or that 
are franchise 
Taxes or branch 
profit Taxes. 
“Control” 
means the possession, directly or indirectly, 
of the power to direct or cause the 
direction of the management 
or policies of a 
Person, whether through the 
ability to exercise voting 
power, 
by 
contract 
or 
otherwise. 

“Controlling”
 
and 
“Controlled”
 
have 
meanings 
correlative 
thereto. 
“Controlled 
Group”
 
means 
all 
members 
of 
a 
controlled 
group 
of 
corporations 
and 
all 
trades or businesses 
(whether or not 
incorporated) under common 
control which, together 
with any 
Loan Party, are treated as a single employer under Section 414 of the Code. 

-8-
“Credit Event”
 
means the advancing 
of any Loan, 
or the issuance 
of, or extension 
of the 
expiration date or increase in the amount of, any Letter of Credit. 
“Debtor Relief 
Laws”
 
means the 
Bankruptcy Code 
of the 
United States 
of America, 
and 
all 
other 
liquidation, 
conservatorship, 
bankruptcy, 
assignment 
for 
the 
benefit 
of 
creditors, 
moratorium, rearrangement, 
receivership, insolvency, reorganization, or 
similar debtor 
relief Laws 
of the United States or other applicable jurisdictions from time to time in effect. 
“Default”
 
means any 
event or 
condition which 
constitutes an 
Event of 
Default or 
any event 
or condition 
the occurrence 
of which 
would, with 
the passage 
of time 
or the 
giving of 
notice, or 
both, constitute an Event of Default. 
“Defaulting Lender”
 
means, subject 
to Section 2.13(b), 
any Lender 
that (a) has 
failed to 
(i) fund all or any portion 
of its Loans within two 
(2) Business Days of the date 
such Loans were 
required 
to 
be 
funded 
hereunder 
unless 
such 
Lender 
notifies 
the 
Administrative 
Agent 
and 
the 
Borrower in writing that such failure is the result 
of such Lender’s determination that one or more 
conditions precedent to funding 
(each of which conditions 
precedent, together with any 
applicable 
default, 
shall 
be 
specifically 
identified in 
such writing) 
has not 
been 
satisfied, 
or (ii) 
pay 
to the 
Administrative Agent, 
any L/C 
Issuer, the Swingline Lender 
or any 
other Lender any 
other amount 
required to be paid by it hereunder (including in 
respect of its participation in Letters of Credit or 
Swingline 
Loans) 
within 
two 
(2) Business 
Days 
of 
the 
date 
when 
due, 
(b) has 
notified 
the 
Borrower, the 
Administrative Agent or 
any L/C Issuer 
or the Swingline 
Lender in 
writing that it 
does not intend to comply with 
its funding obligations hereunder, 
or has made a public statement 
to that effect (unless such writing or public statement relates to 
such Lender’s obligation to fund a 
Loan 
hereunder 
and 
states 
that 
such 
position 
is 
based 
on 
such 
Lender’s 
determination 
that 
a 
condition precedent to 
funding (which condition 
precedent, together with 
any applicable default, 
shall 
be 
specifically 
identified 
in 
such 
writing 
or 
public 
statement) 
cannot 
be 
satisfied), 
(c) has 
failed, 
within 
three 
(3) Business 
Days 
after 
written 
request 
by 
the 
Administrative 
Agent 
or 
the 
Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply 
with its prospective funding 
obligations hereunder (
provided
 
that such Lender shall 
cease to be a 
Defaulting 
Lender 
pursuant 
to 
this 
clause (c) 
upon 
receipt 
of 
such 
written 
confirmation 
by 
the 
Administrative Agent and 
the Borrower), or 
(d) has, or has 
a direct or 
indirect parent company 
that 
has, at 
any time 
after the 
Closing Date 
(i) become 
the subject 
of a 
proceeding under 
any Debtor 
Relief 
Law, 
(ii) had 
appointed 
for 
it 
a 
receiver, 
custodian, 
conservator, 
trustee, 
administrator, 
assignee for 
the benefit 
of creditors 
or similar 
Person charged 
with reorganization 
or liquidation 
of its business or assets, including the Federal Deposit 
Insurance Corporation or any other state or 
federal regulatory 
authority acting 
in such 
a capacity 
or (iii) become 
the subject 
of a 
Bail-in Action; 
provided
 
that 
a 
Lender 
shall 
not 
be 
a 
Defaulting 
Lender 
solely 
by 
virtue 
of 
the 
ownership 
or 
acquisition of 
any equity interest 
in that Lender 
or any direct 
or indirect parent 
company thereof 
by a Governmental Authority so 
long as such ownership 
interest does not result in 
or provide such 
Lender 
with 
immunity 
from 
the 
jurisdiction 
of 
courts 
within 
the 
United 
States 
or 
from 
the 
enforcement 
of 
judgments 
or 
writs 
of 
attachment 
on 
its 
assets 
or 
permit 
such 
Lender 
(or 
such 
Governmental Authority) 
to reject, 
repudiate, disavow 
or disaffirm 
any contracts 
or agreements 
made 
with 
such 
Lender. 
Any 
determination 
by 
the 
Administrative 
Agent 
that 
a 
Lender 
is 
a 
Defaulting 
Lender 
under 
clauses (a) 
through 
(d) 
above 
shall 
be 
conclusive 
and 
binding 
absent 
manifest 
error, 
and 
such 
Lender 
shall 
be 
deemed 
to 
be 
a 
Defaulting 
Lender 
(subject 
to 

-9-
Section 2.13(b)) upon 
delivery of 
written notice 
of such 
determination to 
the Borrower, 
the L/C 
Issuer, the Swingline Lender and each Lender. 
“Designated Disbursement Account”
 
means the account of the Borrower maintained with 
the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as 
the Borrower’s Designated Disbursement Account (or such other 
account as the Borrower and the 
Administrative Agent may otherwise agree). 
“Disposition”
 
means 
the 
sale, 
lease, 
conveyance 
or 
other 
disposition 
of 
Property, 
other 
than (a) the sale or lease of inventory in the ordinary course of business, and (b) the sale, transfer, 
lease or other disposition of Property of a 
Loan Party to another Loan Party in the 
ordinary course 
of its business. 

“Domestic Subsidiary”
 
means a Subsidiary that is not a Foreign Subsidiary.
“EEA Financial 
Institution”
 
means (a) any 
credit institution 
or investment 
firm established 
in any EEA Member Country 
which is subject to 
the supervision of an 
EEA Resolution Authority, 
(b) any entity established in 
an EEA Member Country 
which is a parent 
of an institution described 
in 
clause 
(a) 
of 
this 
definition, 
or 
(c) any 
financial 
institution 
established 
in 
an 
EEA 
Member 
Country which is a subsidiary of an 
institution described in clauses (a) or 
(b) of this definition and 
is subject to consolidated supervision with its parent. 
“EEA Member Country”
 
means any of the member states of 
the European Union, Iceland, 
Liechtenstein, and Norway. 
“EEA 
Resolution 
Authority”
 
means 
any 
public 
administrative 
authority 
or 
any 
person 
entrusted 
with 
public 
administrative 
authority 
of 
any 
EEA 
Member 
Country 
(including 
any 
delegee) having responsibility for the resolution of any EEA Financial Institution. 
“Eligible Assignee” 
means any Person 
that meets the 
requirements to be 
an assignee under 
Section 13.2(b)(iii), 
(v) 
and 
(vi) 
(subject 
to 
such 
consents, 
if 
any, 
as 
may 
be 
required 
under 
Section 13.2(b)(iii)).
“Eligible Line 
of Business”
 
means any 
business engaged 
in as 
of the 
date of 
this Agreement 
by 
the 
Borrower or 
any other 
Loan Party 
or any 
business 
reasonably 
related 
thereto, 
including, 
without limitation, spent 
foul business, further 
processing, fertilizer or 
nutrient manufacturing or 
cooperative 
purchasing 
or 
similar 
businesses 
related 
to 
Borrower’s 
commercial 
egg 
production 
business. 
“Environmental 
Claim” 
means 
any 
investigation, 
notice, 
violation, 
demand, 
allegation, 
action, suit, 
injunction, judgment, 
order, 
consent decree, 
penalty, 
fine, lien, 
proceeding or 
claim 
(whether administrative, judicial 
or private in 
nature), but not 
including internal reports 
prepared 
by 
or 
on 
behalf 
of 
Borrower 
in 
the 
ordinary 
course 
of 
business, 
arising 
(a) pursuant 
to, 
or 
in 
connection with an actual or alleged violation of, any Environmental 
Law, (b) in 
connection with 
any Hazardous 
Material, (c) from 
any abatement, 
removal, remedial, 
investigative, corrective 
or 
response 
action 
in 
connection 
with 
a 
Hazardous 
Material, 
Environmental 
Law 
or 
order 
of 
a 

-10-
governmental authority or (d) from any actual or alleged damage, injury, threat or harm to 
health, 
safety, natural resources or the environment. 
“Environmental Law”
 
means any current 
or future 
Legal Requirement pertaining 
to (a) the 
protection 
of 
health, 
safety 
and 
the 
indoor 
or 
outdoor 
environment, 
(b) the 
conservation, 
management, protection 
or use 
of natural 
resources and 
wildlife, (c) the 
protection or 
use of 
surface 
water 
or groundwater, 
(d) the 
management, 
manufacture, possession, 
presence, use, 
generation, 
transportation, 
treatment, 
storage, 
disposal, 
Release, 
threatened 
Release, 
abatement, 
removal, 
investigation, remediation or handling of, or exposure to, any Hazardous Material or (e) pollution 
(including 
any 
Release 
to 
air, 
land, 
surface 
water 
or 
groundwater), 
and 
any 
amendment, 
rule, 
regulation, order or directive issued thereunder. 
“Environmental 
Liability”
 
means 
any 
liability, 
contingent 
or 
otherwise 
(including 
any 
liability for damages, costs of environmental remediation, fines, costs of compliance, penalties or 
indemnities), of any Loan 
Party or any Subsidiary 
of a Loan Party 
directly or indirectly resulting 
from 
or 
based 
upon 
(a) any 
actual 
or 
alleged 
violation 
of 
any 
Environmental 
Law, 
(b) 
the 
generation, 
use, 
handling, 
transportation, 
storage, 
treatment 
or 
disposal 
of 
any 
Hazardous 
Materials, (c) exposure 
to any Hazardous Materials, 
(d) the Release or threatened 
Release of any 
Hazardous 
Materials 
into 
the 
environment 
or 
(e) 
any 
contract, 
agreement 
or 
other 
legally 
enforceable 
consensual 
arrangement 
pursuant 
to 
which 
liability 
is 
assumed 
or 
imposed 
with 
respect to any of the foregoing. 
“ERISA”
 
means the 
Employee Retirement 
Income Security 
Act of 
1974, as 
amended, or 
any successor statute thereto. 
“EU Bail-In Legislation Schedule”
 
means the EU Bail-In Legislation Schedule published 
by the Loan Market Association (or any successor Person), as in effect from time to time. 
“Eurodollar Loan”
 
means a Loan bearing interest at the rate specified in Section 2.4(b). 
“Eurodollar Reserve 
Percentage”
 
means the 
maximum reserve 
percentage, expressed 
as 
a decimal, at which reserves 
(including, without limitation, any emergency, marginal, special, and 
supplemental reserves) are imposed by the Board of Governors 
of the Federal Reserve System (or 
any 
successor) 
on 
“eurocurrency 
liabilities”
, 
as 
defined 
in 
such 
Board’s 
Regulation D 
(or 
any 
successor thereto), 
subject to 
any amendments 
of such 
reserve requirement 
by such 
Board or 
its 
successor, taking into 
account any 
transitional adjustments 
thereto. 
For purposes 
of this 
definition, 
the relevant 
Loans shall 
be deemed 
to be 
“eurocurrency 
liabilities”
 
as defined 
in Regulation D 
without 
benefit 
or 
credit 
for 
any 
prorations, 
exemptions 
or 
offsets 
under 
Regulation D.
The 
Eurodollar Reserve 
Percentage shall 
be adjusted 
automatically on 
and as 
of the 
effective date 
of 
any change in any such reserve percentage. 
“Event of Default”
 
means any event or condition identified as such in Section 9.1. 
“Event of 
Loss”
 
means, with respect 
to any 
Property, 
any of 
the following: 
(a) any loss, 
destruction or damage of 
such Property or (b) any 
condemnation, seizure, or taking, 
by exercise of 

-11-
the power of 
eminent domain or 
otherwise, of such 
Property, 
or confiscation of 
such Property or 
the requisition of the use of such Property. 

“Exchange Act”
 
means the United States Securities and Exchange Act of 1934. 
“Excluded 
Deposit 
Account” 
means 
a 
deposit 
account 
the 
balance 
of 
which 
consists 
exclusively of (and 
is identified when 
established as an 
account established solely 
for the purposes 
of) 
(a) withheld 
income 
Taxes 
and 
federal, 
state, 
local 
or 
foreign 
employment 
Taxes 
in 
such 
amounts 
as 
are 
required 
in 
the 
reasonable 
judgment 
of 
a 
Loan 
Party 
to 
be 
paid 
to 
the 
Internal 
Revenue Service or 
any other U.S., 
federal, state or 
local or foreign 
government agencies within 
the 
following 
month 
with 
respect 
to 
employees 
of 
such 
Loan 
Party, 
(b) amounts 
required 
to 
be 
paid over to an 
employee benefit plan pursuant 
to DOL Reg. Sec. 2510.3-102 
on behalf of or 
for 
the 
benefit 
of 
employees 
of 
any 
Loan 
Party, 
(c) amounts 
which 
are 
required 
to 
be 
pledged 
or 
otherwise 
provided 
as 
security 
pursuant 
to 
any 
requirement 
of 
any 
Governmental 
Authority 
or 
foreign pension requirement, 
(d) amounts to be 
used to fund 
payroll obligations (including, 
but not 
limited to, 
any ZBA 
for payroll 
and amounts 
payable to 
any employment 
contracts between 
any 
Loan 
Party 
and 
their 
respective 
employees), 
(e) 
Texas 
Egg 
Products, 
LLC 
and 
South 
Texas 
Applicators, 
Inc. 
deposit 
accounts, 
and 
(f) other 
deposit 
accounts 
maintained 
in 
the 
ordinary 
course 
of 
business 
containing 
cash 
amounts 
that 
do 
not 
exceed 
at 
any 
time 
$2,000,000 
in 
the 
aggregate for all such 
accounts under this clause (f), 
unless requested by the 
Administrative Agent 
after the occurrence and during the continuation of an Event of Default.
“
Excluded Equity Issuances
” means (a) the issuance by 
any Subsidiary of equity securities 
to 
the 
Borrower 
or 
any 
Guarantor, 
as 
applicable, 
(b) the 
issuance 
of 
equity 
securities 
by 
the 
Borrower 
to any 
Person 
that 
is 
an 
equity 
holder 
of 
the 
Borrower 
prior 
to such 
issuance, 
(c) the 
issuance of equity securities of the Borrower to directors, officers and employees of the Borrower 
and its 
Subsidiaries pursuant 
to employee 
stock option 
plans (or 
other employee 
incentive plans 
or other compensation arrangements) approved by the Borrower’s Board of Directors, and (d) the 
issuance of equity 
securities of the 
Borrower in order 
to finance the 
purchase consideration (or 
a 
portion thereof) in connection with a Permitted Acquisition or Capital Expenditures. 
“Excluded Property” 
means (a) any intent-to-use trademark application prior to the filing 
of 
a 
“Statement 
of 
Use” 
or 
“Amendment 
to 
Allege 
Use” 
with 
the 
United 
States 
Patent 
and 
Trademark Office 
with respect thereto, 
to the extent, 
if any, 
that, and solely 
during the period, 
if 
any, in which, the grant of a security interest therein would 
impair the validity or enforceability of 
such intent-to-use 
trademark application 
under applicable 
federal law; 
(b) any 
permit 
or license 
issued to any 
Loan Party as 
the permit holder 
or licensee thereof 
or any lease 
to which any 
Loan 
Party is lessee thereof, in each case only to the extent and for so 
long as the terms of such permit, 
license, or lease effectively 
(after giving effect to 
Sections 9-406 through 9-409, inclusive, 
of the 
Uniform Commercial 
Code in 
the applicable 
state (or 
any successor 
provision or 
provisions) or 
any other 
applicable law) 
prohibit the 
creation by 
such Loan 
Party of 
a security 
interest in 
such 
permit, 
license, 
or 
lease 
in 
favor 
of 
the 
Administrative 
Agent 
or 
would 
result 
in 
an 
effective 
invalidation, termination or 
breach of the 
terms of any 
such permit, license 
or lease (after 
giving 
effect 
to 
Sections 
9-406 
through 
9-409, 
inclusive, 
of 
the 
Uniform 
Commercial 
Code 
in 
the 
applicable state 
(or any 
successor provision 
or provisions) 
or any 
other applicable 
law), in 
each 
case unless and until any required consents 
are obtained, 
provided
 
that the Excluded Property will 

-12-
not include, and the Collateral 
shall include and the security 
interest granted in the Collateral 
shall 
attach 
to, 
(x) all 
proceeds, 
substitutions 
or 
replacements 
of any 
such 
excluded 
items 
referred 
to 
herein 
unless 
such 
proceeds, 
substitutions 
or 
replacements 
would 
constitute 
excluded 
items 
hereunder, (y) all rights to payment due or to become due under any such excluded items referred 
to herein, and (z) if and when 
the prohibition which prevents the granting 
of a security interest in 
any such Property is 
removed, terminated, or otherwise 
becomes unenforceable as 
a matter of 
law, 
the Administrative Agent will be 
deemed to have, and at 
all times to have had, 
a security interest 
in such property, 
and the Collateral 
will be deemed 
to include, and 
at all times 
to have included, 
such Property without further action or 
notice by any Person; and (c) Excluded 
Deposit Accounts. 

“
Excluded Swap Obligation
” means, with respect 
to any Guarantor, 
any Swap Obligation 
if, and 
to the 
extent that, 
all or 
a portion 
of the 
Guarantee of 
such Guarantor 
of, or 
the grant 
by 
such Guarantor of 
a security interest 
to secure, such 
Swap Obligation (or 
any Guarantee thereof) 
is or 
becomes illegal 
under the 
Commodity Exchange 
Act or 
any rule, 
regulation or 
order of 
the 
Commodity 
Futures 
Trading 
Commission 
(or 
the 
application 
or 
official 
interpretation 
of 
any 
thereof) by virtue of such Guarantor’s failure for any reason not to constitute an “eligible contract 
participant” as defined in 
the Commodity Exchange Act 
and the regulations thereunder 
at the time 
the 
Guarantee 
of 
such 
Guarantor 
or 
the 
grant 
of 
such 
security 
interest 
becomes 
effective 
with 
respect to 
such related 
Swap Obligation. 
If a 
Swap Obligation 
arises under 
a master 
agreement 
governing 
more 
than 
one 
swap, 
such 
exclusion 
shall 
apply 
only 
to 
the 
portion 
of 
such 
Swap 
Obligation that is 
attributable to swaps 
for which such 
Guarantee or security 
interest is or 
becomes 
illegal. 
“Excluded 
Taxes”
 
means 
any 
of 
the 
following 
Taxes 
imposed 
on 
or 
with 
respect 
to 
a 
Recipient or 
required to 
be withheld 
or deducted 
from a 
payment to 
a Recipient, 
(a) Taxes imposed 
on or measured by 
net income (however denominated), 
franchise Taxes, and branch profits Taxes, 
in each case, 
(i) imposed as a 
result of such 
Recipient being organized 
under the laws 
of, or having 
its 
principal 
office 
or, 
in 
the 
case 
of 
any 
Lender, 
its 
applicable 
lending 
office 
located 
in, 
the 
jurisdiction 
imposing 
such 
Tax 
(or 
any 
political 
subdivision 
thereof) 
or 
(ii) that 
are 
Other 
Connection Taxes, (b) in 
the case 
of a 
Lender, U.S. federal 
withholding Taxes imposed 
on amounts 
payable to 
or for 
the account 
of such 
Lender with 
respect to 
an applicable 
interest in 
a Loan 
or 
Commitment pursuant 
to a 
law in 
effect on the 
date on 
which (i) such 
Lender acquires 
such interest 
in the Loan or Commitment (other than pursuant to an assignment request by the 
Borrower under 
Section 2.12) or (ii) such Lender changes its lending office, except in each case to 
the extent that, 
pursuant to Section 4.1 amounts 
with respect to such Taxes 
were payable either to 
such Lender’s 
assignor immediately 
before such 
Lender became 
a party 
hereto or 
to such 
Lender immediately 
before it 
changed its 
lending office, 
(c) Taxes 
attributable to 
such Recipient’s 
failure to 
comply 
with Section 4.1(g), and (d) any U.S. federal withholding Taxes imposed under FATCA 
. 
“Existing 
Credit 
Agreement” 
has 
the 
meaning 
specified 
in 
the 
Preliminary 
Statements 
hereto. 
“Extended Revolving Credit Commitment” 
means any Revolving Credit Commitment the 
maturity of which has been extended pursuant to Section 2.16. 

-13-
“
Extended Revolving Loans
” means any Revolving Loans 
made pursuant to the Extended 
Revolving Credit Commitments. 
“
Extended Incremental 
Term 
Loans
” means any 
Incremental Term 
Loans the maturity 
of 
which shall have been extended pursuant to Section 2.16. 
“
Extension
” has the meaning specified in Section 2.16(a). 
“
Extension Offer
” has the meaning specified in Section 2.16(a). 
“Facility”
 
means any of the Revolving Facility or the Incremental Term Facility. 
“FATCA”
 
means Sections 1471 
through 1474 
of the 
Code, as 
of the 
date of 
this Agreement 
(or any 
amended or 
successor version 
that is 
substantively comparable 
and not 
materially more 
onerous to comply 
with), any current 
or future regulations 
or official 
interpretations thereof, and 
any agreements entered into pursuant to Section 1471(b)(1) of the Code. 
“FCPA”
 
means the Foreign Corrupt Practices Act, 15 U.S.C. §§78dd-1, et seq. 
“Federal 
Funds 
Rate”
 
means, 
for 
any 
day, 
the 
rate 
per 
annum 
equal 
to 
the 
weighted 
average of the rates on overnight federal funds transactions with 
members of the Federal Reserve 
System, 
as 
published 
by 
the 
Federal 
Reserve 
Bank 
of 
New 
York 
on 
the 
Business 
Day 
next 
succeeding such day; 
provided
 
that (a) if such day is 
not a Business Day, 
the Federal Funds Rate 
for 
such 
day 
shall 
be 
such 
rate 
on 
such 
transactions 
on 
the 
next 
preceding 
Business 
Day 
as 
so 
published on 
the next 
succeeding Business 
Day, 
and (b) if 
no such 
rate is 
so published 
on such 
next 
succeeding 
Business 
Day, 
the 
Federal 
Funds 
Rate 
for 
such 
day 
shall 
be 
the 
average 
rate 
(rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Administrative 
Agent on such day on such transactions as determined 
by the Administrative Agent; 
provided
 
that 
in no event shall the Federal Funds Rate be less than 0.00%. 
“Financial Officer”
 
of any Person means 
the chief financial officer, 
principal accounting 
officer, treasurer or controller of such Person. 

“Foreign Lender” 
means a Lender that is not a U.S. Person. 
“Foreign 
Subsidiary”
 
means 
each 
Subsidiary 
that 
(a) is 
organized 
under 
the 
laws 
of 
a 
jurisdiction other 
than the 
United States 
of America 
or any 
state thereof 
or the 
District of 
Columbia, 
(b) conducts substantially all 
of its 
business outside of 
the United 
States of America, 
and (c) has 
substantially all of its assets outside of the United States of America. 

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

-14-
Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s participation 
obligation has been reallocated to other Lenders. 
“Fund” 
means 
any 
Person 
(other 
than 
a 
natural 
person) 
that 
is 
(or 
will 
be) 
engaged 
in 
making, purchasing, holding or otherwise 
investing in commercial loans and 
similar extensions of 
credit in the ordinary course of its business.
“GAAP”
 
means generally accepted accounting 
principles set forth from 
time to time in 
the 
opinions and 
pronouncements of 
the Accounting 
Principles Board 
and the 
American Institute 
of 
Certified 
Public 
Accountants 
and 
statements 
and 
pronouncements 
of 
the 
Financial 
Accounting 
Standards Board (or 
agencies with similar 
functions of comparable 
stature and authority 
within the 
U.S. 
accounting 
profession), 
which 
are 
applicable 
to 
the 
circumstances 
as 
of 
the 
date 
of 
determination. 
“Governmental Authority”
 
means the government of the United States of 
America or any 
other 
nation, 
or 
of 
any 
political 
subdivision 
thereof, 
whether 
state 
or 
local, 
and 
any 
agency, 
authority, instrumentality, regulatory body, court, central 
bank or 
other entity 
exercising executive, 
legislative, 
judicial, 
taxing, regulatory 
or 
administrative 
powers or 
functions of 
or 
pertaining 
to 
government 
(including 
any 
supra-national 
bodies 
such 
as 
the 
European 
Union 
or 
the 
European 
Central Bank). 
“Guarantee”
 
of or by 
any Person (the 
“guarantor”
) means any 
obligation, contingent or 
otherwise, 
of 
the 
guarantor 
guaranteeing 
or 
having 
the 
economic 
effect 
of 
guaranteeing 
any 
Indebtedness 
or 
other 
obligation 
of 
any 
other 
Person 
(the 
“primary 
obligor”
) 
in 
any 
manner, 
whether 
directly 
or 
indirectly, 
and 
including 
any 
obligation 
of 
the 
guarantor, 
direct 
or 
indirect, 
(a) to 
purchase 
or 
pay 
(or 
advance 
or 
supply 
funds 
for 
the 
purchase 
or 
payment 
of) 
such 
Indebtedness or other obligation 
or to purchase (or 
to advance or supply 
funds for the purchase 
of) 
any security 
for the 
payment thereof, 
(b) to purchase 
or lease 
property, 
securities or 
services for 
the purpose of 
assuring the owner 
of such Indebtedness 
or other obligation 
of the payment thereof, 
(c) to 
maintain 
working 
capital, 
equity 
capital 
or 
any 
other 
financial 
statement 
condition 
or 
liquidity of 
the primary 
obligor so 
as to 
enable the 
primary obligor 
to pay 
such Indebtedness 
or 
other obligation 
or (d) 
as an 
account party 
in respect 
of any 
letter of 
credit or 
letter of 
guaranty 
issued 
to 
support 
such 
Indebtedness 
or 
obligation; 
provided
 
that 
the 
term 
Guarantee 
shall 
not 
include endorsements for collection or deposit in the ordinary course of business. 
“Guaranty Agreements”
 
means and 
includes the 
Guarantee of 
the Loan 
Parties provided 
for in Section 11, and 
any other guaranty agreement executed and delivered 
in order to guarantee 
the Secured Obligations 
or any part 
thereof in form 
and substance acceptable 
to the Administrative 
Agent. 
“Guarantors”
 
means 
and 
includes 
each 
Wholly-owned 
Subsidiary 
that 
is 
a 
Domestic 
Subsidiary of 
the Borrower, and 
Borrower, in its 
capacity as 
a guarantor 
of the 
Secured Obligations 
of another Loan Party. 

“Hazardous 
Material” 
means 
any 
substance, 
chemical, 
compound, 
product, 
solid, 
gas, 
liquid, 
waste, 
byproduct, 
pollutant, 
contaminant 
or 
material 
which 
is 
hazardous, 
toxic, 
or 
a 

-15-
pollutant 
and 
regulated 
pursuant 
to 
any 
Environmental 
Law 
and 
includes, 
without 
limitation, 
(a) asbestos, polychlorinated biphenyls and 
petroleum (including crude oil 
or any fraction thereof) 
and (b) any 
material classified 
or regulated as 
“hazardous,” “toxic,” 
or a “pollutant” 
or words 
of 
like import pursuant to an Environmental Law. 
For the purposes of this Agreement, however, the 
Parties 
acknowledge 
and 
agree 
that 
Borrower 
is 
in 
the 
live 
animal 
agriculture 
business 
and 
routinely generates, stores, handles, transports, composts, disposes of, 
applies and/or sells manure 
for 
beneficial 
reuse 
(fertilizer) 
in 
the 
ordinary 
course 
of 
business, 
that 
manure 
naturally 
breaks 
down and releases 
ammonia, phosphorus and 
other substances and 
such manure and 
its constituent 
parts shall not be “Hazardous Material” hereunder. 
“Hazardous 
Material 
Activity”
 
means 
any 
activity, 
event 
or 
occurrence 
involving 
a 
Hazardous 
Material, 
including, 
without 
limitation, 
the 
manufacture, 
possession, 
presence, 
use, 
generation, 
transportation, 
treatment, 
storage, 
disposal, 
Release, 
threatened 
Release, 
abatement, 
removal, remediation, handling of or corrective or response action to any Hazardous Material. 
“Hedging Agreement”
 
means any agreement with respect to 
any swap, forward, future or 
derivative transaction or 
option or similar 
agreement involving, or 
settled by reference 
to, one or 
more 
rates, 
currencies, 
commodities, 
equity 
or 
debt 
instruments 
or 
securities, 
or 
economic, 
financial 
or 
pricing 
indices 
or 
measures 
of 
economic, 
financial 
or 
pricing 
risk 
or 
value 
or 
any 
similar transaction 
or any 
combination of 
these transactions; 
provided
 
that no 
phantom stock 
or 
similar 
plan providing 
for 
payments 
only 
on 
account 
of 
services 
provided 
by 
current 
or 
former 
directors, 
officers, 
employees 
or 
consultants 
of 
any 
Loan 
Party 
or 
its 
Subsidiaries 
shall 
be 
a 
Hedging Agreement. 
“Hedging Liability”
 
means the 
liability of 
any Loan 
Party
to any 
of the 
Lenders, or 
any 
Affiliates 
of such 
Lenders 
in 
respect 
of 
any 
Hedging 
Agreement 
as 
such 
Loan 
Party 
may 
from 
time 
to 
time 
enter 
into 
with 
any 
one 
or 
more 
of 
the 
Lenders 
party 
to 
this 
Agreement 
or 
their 
Affiliates, 
whether 
absolute 
or 
contingent 
and 
howsoever 
and 
whensoever 
created, 
arising, 
evidenced 
or 
acquired 
(including 
all 
renewals, 
extensions 
and 
modifications 
thereof 
and 
substitutions therefor); 
provided, however,
 
that, with respect to any 
Guarantor, Hedging Liability 
Guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. 

“Hostile Acquisition”
 
means the acquisition of 
the capital stock or 
other equity interests of 
a Person through a tender offer 
or similar solicitation of the owners 
of such capital stock or other 
equity interests 
which has 
not been 
approved (prior 
to such 
acquisition) by 
resolutions of 
the Board 
of Directors of such Person or by similar action if such Person is not a corporation, or as to which 
such approval has been withdrawn. 
“Increase”
 
is defined in Section 2.15.
“Increase Date”
 
is defined in Section 2.15.
“Incremental Amendment”
 
is defined in Section 2.15.
“Incremental Term 
Facility”
 
means the credit facility for Incremental Term Loans. 

-16-
“Incremental Term 
Loans”
 
is defined in Section 2.15.
“Incremental Term Loan Percentage” 
means, for 
each Lender, the 
percentage held 
by such 
Lender of the aggregate principal amount of all Incremental Term Loans outstanding, if any. 
“Indebtedness”
 
means for 
any Person 
(without duplication) 
(a) all indebtedness 
created, 
assumed or 
incurred in 
any manner 
by such 
Person representing 
money borrowed 
(including by 
the issuance of debt securities), (b) all indebtedness for the deferred purchase price of property or 
services 
(other 
than 
trade 
accounts 
payable 
arising 
in 
the 
ordinary 
course 
of 
business), 
(c) all 
indebtedness secured by 
any Lien upon 
Property of such 
Person, whether or 
not such Person 
has 
assumed 
or 
become 
liable 
for 
the 
payment 
of 
such 
indebtedness, 
(d) all 
Capitalized 
Lease 
Obligations of such 
Person, (e) all obligations 
of such Person 
on or with 
respect to letters 
of credit, 
bankers’ acceptances and other extensions of credit to the 
extent any of the foregoing are not cash 
collateralized, 
whether or not representing obligations for borrowed 
money, (f) all 
obligations of 
such Person to purchase, redeem, retire, defease or otherwise make any payment in 
respect of any 
equity interest in 
such Person or 
any other Person 
or any warrant, 
right or option 
to acquire such 
equity interest, valued, in 
the case of a 
redeemable preferred interest, at 
the greater of its 
voluntary 
or 
involuntary 
liquidation 
preference 
plus 
accrued 
and 
unpaid 
dividends, 
(g) all 
net 
obligations 
(determined 
as 
of 
any 
time 
based 
on 
the 
termination 
value 
thereof) 
of 
such 
Person 
under 
any 
interest 
rate, 
foreign 
currency, 
and/or 
commodity 
swap, 
exchange, 
cap, 
collar, 
floor, 
forward, 
future 
or 
option 
agreement, 
or 
any 
other 
similar 
interest 
rate, 
currency 
or 
commodity 
hedging 
arrangement; 
and 
(h) all 
Guarantees 
of 
such 
Person 
in 
respect 
of 
any 
of 
the 
foregoing. 
For 
all 
purposes hereof, the Indebtedness of any Person shall include the Indebtedness 
of any partnership 
or joint venture (other than a joint venture that is itself a corporation or limited liability company) 
in which such Person 
is a general partner 
or a joint venturer, unless such 
Indebtedness is expressly 
made non-recourse to such Person. 
“Indemnified Taxes”
 
means (a) all Taxes 
other than Excluded Taxes, 
imposed on or with 
respect to any 
payment made by 
or on account 
of any obligation 
of any Loan 
Party under any 
Loan 
Document and (b) to the extent not otherwise described in (a), Other Taxes. 
“Interest 
Payment Date”
 
means (a) with 
respect to 
any Eurodollar 
Loan, the 
last day 
of 
each 
Interest 
Period 
with 
respect 
to 
such 
Eurodollar 
Loan 
and 
on 
the 
maturity 
date 
and, 
if 
the 
applicable 
Interest 
Period 
is 
longer 
than 
three (3) 
three 
months, 
on 
each 
day 
occurring 
every 
three (3) 
months 
after 
the 
commencement 
of 
such 
Interest 
Period, 
(b) with 
respect 
to 
any 
Base 
Rate Loan (other than 
Swingline Loans), the 
last day of 
every calendar quarter 
and on the 
maturity 
date, and (c) as to 
any Swingline Loan, (i) bearing 
interest by reference to 
the Base Rate, the 
last 
day of every calendar month, and on the maturity date and (ii) bearing interest by reference to the 
Swingline Lender’s Quoted Rate, the 
last day of the 
Interest Period with respect 
to such Swingline 
Loan, and on the maturity date. 
“Interest 
Period”
 
means the 
period commencing 
on the 
date a 
Borrowing of 
Eurodollar 
Loans or Swingline Loans 
(bearing interest at 
the Swingline Lender’s 
Quoted Rate) is advanced, 
continued, 
or 
created 
by 
conversion 
and 
ending 
(a) in 
the 
case 
of 
Eurodollar 
Loans, 
one (1), 
two (2), three (3), six (6) or twelve 
(12) months thereafter and (b) in 
the case of Swingline Loans 
bearing interest 
at the 
Swingline Lender’s 
Quoted Rate, 
on the 
date one 
(1) to 
five (5) 
Business 

-17-
Days thereafter as 
mutually agreed by 
the Borrower and 
the Swingline Lender, 
provided, however, 
that: 
 
(i) 
no Interest Period 
shall extend 
beyond the final 
maturity date 
of the relevant 
Loans; 

 
(ii) 
whenever the last day of any 
Interest Period would otherwise be a 
day that 
is not 
a Business 
Day, 
the last 
day of 
such Interest 
Period shall 
be extended 
to the 
next 
succeeding Business Day, 
provided 
that, if such 
extension would cause 
the last day 
of an 
Interest 
Period 
for 
a 
Borrowing 
of 
Eurodollar 
Loans 
to 
occur 
in 
the 
following 
calendar 
month, 
the last 
day of 
such Interest 
Period 
shall be 
the immediately 
preceding 
Business 
Day; and 

 
(iii) 
for 
purposes 
of 
determining 
an 
Interest 
Period 
for 
a 
Borrowing 
of 
Eurodollar 
Loans, a 
month 
means 
a period 
starting on 
one 
day in 
a calendar 
month and 
ending 
on 
the 
numerically 
corresponding 
day 
in 
the 
next 
calendar 
month; 
provided, 
however,
 
that if there is 
no numerically corresponding day 
in the month in 
which such an 
Interest Period is to 
end or if such 
an Interest Period begins 
on the last Business 
Day of a 
calendar month, 
then such 
Interest Period 
shall end 
on the 
last Business 
Day of 
the calendar 
month in which such Interest Period is to end. 
“IRS” 
means the United States Internal Revenue Service. 
“L/C Issuer”
 
means 
BMO 
Harris 
Bank 
N.A., 
in 
its 
capacity 
as 
the 
issuer 
of 
Letters 
of 
Credit 
hereunder, 
in 
each 
case 
together 
with 
its 
successors 
in 
such 
capacity 
as 
provided 
in 
Section 2.3(h). 
“L/C Obligations”
 
means the aggregate 
undrawn face amounts 
of all outstanding 
Letters 
of Credit and all unpaid Reimbursement Obligations.
“L/C Participation Fee”
 
is defined in Section 3.1(b). 
“L/C Sublimit”
 
means $15,000,000, 
as reduced 
or otherwise 
amended pursuant 
to the 
terms 
hereof. 
“Legal 
Requirement”
 
means 
any 
treaty, 
convention, 
statute, 
law, 
common 
law, 
rule, 
regulation, 
ordinance, 
license, 
permit, 
governmental 
approval, 
injunction, 
judgment, 
order, 
consent decree 
or other 
requirement of 
any governmental 
authority, whether federal, state, 
or local. 
“Lenders”
 
means 
and 
includes 
BMO 
Harris 
Bank 
N.A.
and 
the 
other 
Persons 
listed 
on 
Schedule 
2.1/2.2 
and 
any 
other 
Person 
that 
shall 
have 
become 
party 
hereto 
pursuant 
to 
an 
Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant 
to 
an 
Assignment and 
Assumption. 
Unless the 
context 
requires otherwise, 
the 
term 
“Lenders”
includes the Swingline Lender. 
“Lending Office”
 
is defined in Section 4.7.

-18-
“Letter of Credit”
 
is defined in Section 2.3(a). 
“LIBOR”
 
means, 
for 
an 
Interest 
Period 
for 
a 
Borrowing 
of 
Eurodollar 
Loans, 
(a) the 
LIBOR Index Rate 
for such Interest 
Period, if such 
rate is available, 
and (b) if the 
LIBOR Index 
Rate 
cannot 
be 
determined, 
the 
arithmetic 
average 
of 
the 
rates 
of 
interest 
per 
annum 
(rounded 
upwards, if 
necessary, to the nearest 
1/100 of 
1%) at 
which deposits 
in U.S. 
Dollars in 
immediately 
available funds are offered to the 
Administrative Agent at 11:00 a.m. (London, England time) 
two 
(2) Business Days before 
the beginning of 
such Interest Period 
by three (3) 
or more major 
banks 
in the interbank 
euro dollar market 
selected by the Administrative 
Agent for delivery 
on the first 
day of and for a period equal to such Interest Period 
and in an amount equal or comparable to the 
principal amount 
of the 
Eurodollar Loan 
scheduled to 
be made 
as part 
of such 
Borrowing, provided 
that in no event shall “LIBOR” be less than 0.00%. 
“LIBOR Index Rate”
 
means, for any 
Interest Period, the 
rate per annum 
(rounded upwards, 
if necessary, to the next higher one hundred-thousandth of a percentage point) 
for deposits in U.S. 
Dollars for a period equal to such Interest Period, as reported on the applicable Bloomberg screen 
page (or 
such other 
commercially available 
source providing 
such quotations 
as may 
be designated 
by the 
Administrative Agent 
from time 
to time)
as of 
11:00 a.m. 
(London, England 
time) on 
the 
day two (2) Business Days before the commencement of such Interest Period. 
“Lien” 
means any mortgage, lien, security interest, pledge, charge or encumbrance of any 
kind in respect of any Property, including the interests of a vendor or lessor under any conditional 
sale, Capital Lease or other title retention arrangement. 
“Loan”
 
means any Revolving 
Loan, Swingline Loan, 
or Incremental Term 
Loan (if any) 
whether 
outstanding 
as 
a 
Base 
Rate 
Loan 
or 
Eurodollar 
Loan 
or 
otherwise, 
each 
of 
which 
is 
a 
“type”
 
of Loan hereunder. 
“Loan 
Documents”
 
means 
this 
Agreement, 
the 
Notes 
(if 
any), 
the 
Applications, 
the 
Collateral 
Documents, 
the 
Guaranty 
Agreements, 
and 
each 
other 
instrument 
or 
document 
to 
be 
delivered hereunder or thereunder or otherwise in connection therewith. 
“Loan Party”
 
means the Borrower and each of the Guarantors. 

“Marketable Securities”
 
means investments with a 
maturity of more than 
three (3) months 
when 
purchased 
which 
are 
made 
in 
accordance 
with 
the 
Cal-Maine 
Investment 
Guidelines 
as 
attached hereto as Schedule 1.1, as the 
same may be amended from time to 
time with the consent 
of the Required Lenders. 
“Material 
Adverse 
Effect”
 
means 
(a) 
a 
material 
adverse 
change 
in, 
or 
material 
adverse 
effect upon, the operations, business, or financial condition 
of the Borrower or of the Loan 
Parties 
and their Subsidiaries taken as a whole, (b) a material impairment of the ability of any 
Loan Party 
to perform its material
obligations under any Loan 
Document or (c) a material 
adverse effect upon 
(i) the 
legality, 
validity, 
binding 
effect 
or 
enforceability 
against 
any 
Loan 
Party 
of 
any 
Loan 
Document 
or 
the 
material 
rights 
and 
remedies 
of 
the 
Administrative 
Agent 
and 
the 
Lenders 
thereunder or (ii) the perfection or priority of any Lien granted under any Collateral Document. 

-19-
“Material Indebtedness”
 
means Indebtedness (other than 
the Loans and Letters 
of Credit), 
or 
obligations 
in 
respect 
of 
one 
or more 
Hedging Agreements, 
of 
any one 
or 
more 
of 
the 
Loan 
Parties 
and 
its 
Subsidiaries 
with 
an 
individual 
outstanding 
principal 
amount 
exceeding 
$30,000,000. 
For purposes of 
determining Material Indebtedness, 
the “obligations” of 
any Loan 
Party or any 
Subsidiary in respect 
of any Hedging 
Agreement at any 
time shall be 
the maximum 
aggregate 
amount 
(giving 
effect 
to 
any 
netting 
agreements) 
that 
such 
Loan 
Party 
or 
such 
Subsidiary would be required to pay if such Hedging Agreement were terminated at such time. 
“Minimum 
Collateral 
Amount”
 
means, 
at 
any 
time, 
(a) with 
respect 
to 
Cash 
Collateral 
consisting of cash 
or deposit account 
balances, an amount 
equal to 105% 
(or 100% 
if such Cash 
Collateral consists 
of a 
demand or 
time deposit 
account) of 
the Fronting 
Exposure of 
all L/C 
Issuers 
with respect to Letters of Credit issued and outstanding at such 
time and (b) otherwise, an amount 
determined by the Administrative Agent and the L/C Issuer in their sole discretion. 
“Moody’s”
 
means Moody’s Investors Service, Inc. 
“Net Cash 
Proceeds”
 
means, as 
applicable, (a) with 
respect to 
any Disposition 
by a 
Person, 
cash and cash equivalent proceeds 
received by or for such Person’s 
account, net of (i) reasonable 
direct costs relating 
to such Disposition, (ii) sale, 
use or other transactional 
taxes paid or payable 
by 
such 
Person 
as 
a 
direct 
result 
of 
such 
Disposition, 
and 
(iii) the 
amount 
of 
any 
Indebtedness 
permitted hereby 
which is 
secured by 
a prior 
perfected Lien 
on the 
asset subject 
to such 
Disposition 
and is required to be 
repaid in connection with such 
Disposition, (b) with respect to any 
Event of 
Loss 
of 
a 
Person, 
cash 
and 
cash 
equivalent 
proceeds 
received 
by 
or 
for 
such 
Person’s 
account 
(whether 
as 
a 
result 
of 
payments 
made 
under 
any 
applicable 
insurance 
policy 
therefor 
or 
in 
connection with condemnation 
proceedings or otherwise), 
net of reasonable 
direct costs incurred 
in connection with the 
collection of such proceeds, 
awards or other payments, 
and the amount of 
any Indebtedness permitted hereby which is secured by 
a prior perfected Lien in the asset subject 
to the 
Event of 
Loss and 
(c) with 
respect to 
any offering 
of equity 
securities of 
a Person 
or the 
issuance of any 
Indebtedness by a 
Person, 
cash and cash 
equivalent proceeds received 
by or for 
such Person’s account, net of reasonable 
legal, underwriting, and other 
fees and expenses incurred 
as a direct result thereof. 

“Net 
Income”
 
means, 
with 
reference 
to 
any 
period, 
the 
net 
income 
(or 
net 
loss) 
of 
the 
Borrower and 
its Subsidiaries 
for such 
period computed 
on a 
consolidated basis 
in accordance 
with 
GAAP; 
provided
 
that there shall be excluded from 
Net Income (a) the net income (or 
net loss) of 
any Person accrued 
prior to the 
date it becomes 
a Subsidiary of, 
or has merged 
into or consolidated 
with, the Borrower 
or another Subsidiary, (b) the 
net income (or 
net loss) of 
any Person (other 
than 
a Subsidiary) in which the Borrower or any of its Subsidiaries has an equity interest, except 
to the 
extent of the amount of dividends or other distributions actually paid 
to the Borrower or any of its 
Subsidiaries during such period, and (c) the undistributed earnings of any Subsidiary to the extent 
that the 
declaration or 
payment of 
dividends or 
similar distributions 
by such 
Subsidiary is 
not at 
the 
time 
permitted 
by 
the 
terms 
of 
any 
contractual 
obligation 
(other 
than 
under 
any 
Loan 
Document) or requirement of law applicable to such Subsidiary. 

“Net Worth” 
means, at 
any time 
the same 
is to 
be determined, 
total shareholder’s 
equity 
(including capital stock, 
additional paid in 
capital, and retained 
earnings after deducting 
treasury 

-20-
stock) that would appear on the balance sheet of the 
Borrower and its Subsidiaries, determined in 
accordance with GAAP on a consolidated basis.
“Non-Consenting Lender” 
means any 
Lender that 
does not 
approve any 
consent, waiver 
or amendment that 
(a) requires the approval 
of all affected 
Lenders in accordance 
with the terms 
of Section 13.3 and (b) has been approved by the Required Lenders. 
“Non-Defaulting Lender”
 
means, at any time, each Lender that is not 
a Defaulting Lender 
at such time. 
“Note”
 
and 
“Notes”
 
each is defined in Section 2.10. 
“Obligations”
 
means all 
obligations of 
the Borrower 
to pay 
principal and 
interest on 
the 
Loans, all Reimbursement Obligations 
owing under the Applications, 
all fees and charges payable 
hereunder, and all 
other payment 
obligations of 
the Borrower 
or any 
other Loan 
Party arising 
under 
or in relation to 
any Loan Document, in 
each case whether now 
existing or hereafter arising, 
due 
or 
to 
become 
due, 
direct 
or 
indirect, 
absolute 
or 
contingent, 
and 
howsoever 
evidenced, 
held 
or 
acquired. 
“OFAC” 
means 
the 
United 
States 
Department 
of 
Treasury 
Office 
of 
Foreign 
Assets 
Control. 
“OFAC 
Event” 
is defined in Section 8.15. 
“OFAC 
Sanctions 
Programs”
 
means 
all 
laws, 
regulations, 
and 
Executive 
Orders 
administered 
by 
OFAC, 
including 
without 
limitation, 
the 
Bank 
Secrecy 
Act, 
anti-money 
laundering 
laws 
(including, 
without 
limitation, 
the 
Uniting 
and 
Strengthening 
America 
by 
Providing 
Appropriate 
Tools 
Required 
to 
Intercept 
and 
Obstruct 
Terrorism 
Act 
of 
2001, 
Pub. L. 107-56 
(a/k/a 
the 
USA 
Patriot 
Act)), 
and 
all 
economic 
and 
trade 
sanction 
programs 
administered by 
OFAC, 
any and 
all similar 
United States 
federal laws, 
regulations or 
Executive 
Orders (whether administered by OFAC or otherwise), and any similar laws, 
regulations or orders 
adopted by any State within the United States. 
“Other Connection 
Taxes” 
means, with 
respect to 
any Recipient, 
Taxes imposed as a 
result 
of a present or former connection between such Recipient and the jurisdiction imposing such Tax 
(other than 
connections arising 
from such 
Recipient having 
executed, delivered, 
become a 
party 
to, 
performed 
its 
obligations 
under, 
received 
payments 
under, 
received 
or 
perfected 
a 
security 
interest under, 
engaged in 
any other 
transaction pursuant 
to or 
enforced any 
Loan Document, 
or 
sold or assigned an interest in any Loan or Loan Document). 
“Other 
Taxes”
 
means 
all 
present 
or 
future 
stamp, 
court 
or 
documentary, 
intangible, 
recording, filing 
or similar 
Taxes 
that arise 
from any 
payment made 
under, 
from the 
execution, 
delivery, 
performance, enforcement or registration of, 
from the receipt or perfection 
of a security 
interest under, 
or otherwise with 
respect to, any 
Loan Document, except 
any such Taxes 
that are 
Other Connection 
Taxes 
imposed with 
respect to an 
assignment (other than 
an assignment 
made 
pursuant to Section 2.12). 

-21-
“Participant” 
has the meaning assigned to such term in clause (d) of Section 13.2. 
“Participant Register” 
has the meaning specified in clause (d) of Section 13.2. 
“Participating Interest”
 
is defined in Section 2.3(e). 
“Participating Lender”
 
is defined in Section 2.3(e). 
“PBGC”
 
means 
the Pension 
Benefit Guaranty 
Corporation or 
any Person 
succeeding to 
any or all of its functions under ERISA. 
“Percentage” 
means for any 
Lender its Revolver 
Percentage or its 
Incremental Term Loan 
Percentage, as applicable. 
“Permitted Acquisition”
 
means any Acquisition with respect to which all of the following 
conditions shall have been satisfied: 
 
(a) 
the Acquired Business 
is in an 
Eligible Line of 
Business and has 
its primary 
operations within the United States of America; 
 
(b) 
the Acquisition shall not be a Hostile Acquisition; 
 
(c) 
the Borrower or a Subsidiary shall 
be the surviving entity in any 
merger to 
which it is a party in connection with such Acquisition; 
 
(d) 
if a 
new Subsidiary 
is formed 
or acquired 
as a 
result of 
or in 
connection with 
the Acquisition, 
the Borrower 
shall have 
complied with 
the requirements 
of Section 12.3 
within 30 days of the completion thereof; 

 
(e) 
after 
giving 
effect 
to 
the 
Acquisition 
and 
any 
Credit 
Event 
in 
connection 
therewith, 
no 
Default 
shall 
exist, 
including 
with 
respect 
to 
the 
financial 
covenants 
contained in 
Section 8.22 on 
a pro 
forma basis 
(looking back 
four completed 
fiscal quarters 
as if the Acquisition occurred 
on the first day of 
such period and after giving 
effect to the 
payment of the purchase price for the Acquired Business); and 
 
(f) 
after 
giving 
effect 
to 
the 
Acquisition 
and 
any 
Credit 
Event 
in 
connection 
therewith, the 
sum of 
cash and 
Cash Equivalents 
of the 
Borrower plus 
availability under 
the Revolving Facility shall equal at least $50,000,000. 

“Person” 
means 
any 
natural 
Person, 
corporation, 
limited 
liability 
company, 
trust, 
joint 
venture, association, company, partnership, Governmental Authority or other entity. 
“Plan”
 
means any employee 
pension benefit plan 
covered by Title IV of 
ERISA or subject 
to the minimum funding standards 
under Section 412 of the Code 
that either (a) is maintained 
by 
a member of 
the Controlled Group 
for employees of 
a member of 
the Controlled Group 
or (b) is 
maintained pursuant 
to a collective 
bargaining agreement 
or any other 
arrangement under 
which 

-22-
more than one 
employer makes contributions 
and to which 
a member of 
the Controlled Group 
is 
then making or accruing an obligation to make contributions or 
has within the preceding five plan 
years made contributions. 
“Premises”
 
means the real property owned or leased by any Loan Party or 
any Subsidiary 
of a Loan Party.
“Property”
 
means, 
as 
to 
any 
Person, 
all 
types 
of 
real, 
personal, 
tangible, 
intangible 
or 
mixed property owned by such Person whether 
or not included in the most recent 
balance sheet of 
such Person and its subsidiaries under GAAP. 
“
Qualified ECP 
Guarantor
” means, 
in respect 
of any 
Swap Obligation, 
each Loan 
Party 
that 
has 
total 
assets 
exceeding 
$10,000,000 
at 
the 
time 
the 
relevant 
Guarantee 
or 
grant 
of 
the 
relevant security 
interest becomes 
effective 
with respect 
to such 
Swap Obligation 
or such 
other 
person as constitutes an 
“eligible contract participant” under 
the Commodity Exchange Act 
or any 
regulations promulgated 
thereunder and 
can cause 
another person 
to qualify 
as an 
“eligible contract 
participant” 
at 
such 
time 
by 
entering 
into 
a 
keepwell 
under 
Section 1a(18)(A)(v)(II) 
of 
the 
Commodity Exchange Act. 

“RCRA”
 
means the Solid Waste Disposal Act, as amended by the 
Resource Conservation 
and 
Recovery 
Act 
of 
1976 
and 
Hazardous 
and 
Solid 
Waste 
Amendments 
of 
1984, 
42 U.S.C. 
§§
6901 
et seq.
, and any future amendments.
“Recipient
” means (a) 
the Administrative 
Agent, (b) any 
Lender, and 
(c) any L/C 
Issuer, 
as applicable. 
“Register”
 
is defined in Section 13.2(c). 
“Reimbursement Obligation”
 
is defined in Section 2.3(c). 
“Related 
Parties” 
means, 
with 
respect 
to 
any 
Person, 
such 
Person’s 
Affiliates 
and 
the 
partners, 
directors, officers, 
employees, 
agents, trustees, 
administrators, managers, 
advisors 
and 
representatives of such Person and of such Person’s Affiliates. 
“Release”
 
means 
any 
spilling, 
leaking, 
pumping, 
pouring, 
emitting, 
emptying, 
discharging, 
injecting, 
escaping, 
leaching, 
migrating, 
dumping, 
or 
disposing 
into 
the 
indoor 
or 
outdoor 
environment, 
including, 
without 
limitation, 
the 
abandonment 
or 
discarding 
of 
barrels, 
drums, containers, 
tanks or 
other receptacles 
containing or 
previously containing any 
Hazardous 
Material. 
“Required 
Lenders” 
means, 
at 
any 
time, 
Lenders 
having 
Total 
Credit 
Exposures 
representing (a) 
if there 
are 
2 or 
less Lenders, 
all of 
the Lenders, 
and (b) if 
there are 
3 or 
more 
Lenders, 50.0% or 
more of the 
Total 
Credit Exposures of 
all Lenders. 
To 
the extent provided 
in 
the last 
paragraph of 
Section 13.3, the 
Total 
Credit Exposure 
of any 
Defaulting Lender 
shall be 
disregarded in determining Required Lenders at any time.

-23-
“Responsible Officer”
 
of any person 
means any executive 
officer or 
Financial Officer 
of 
such Person and any other officer, general partner or managing member or similar official thereof 
with 
responsibility 
for 
the 
administration 
of 
the 
obligations 
of 
such 
person 
in 
respect 
of 
this 
Agreement whose signature 
and incumbency shall 
have been certified 
to the Administrative 
Agent 
on or 
after 
the Closing 
Date pursuant 
to an 
incumbency certificate 
of the 
type contemplated 
by 
Section 7.2.
“Revolver 
Percentage”
 
means, 
for 
each 
Lender, 
the 
percentage 
of 
the 
total 
Revolving 
Credit 
Commitments 
represented 
by 
such 
Lender’s 
Revolving 
Credit 
Commitment 
or, 
if 
the 
Revolving 
Credit 
Commitments 
have 
been 
terminated 
or 
expired, 
the 
percentage 
of 
the 
total 
Revolving Credit Exposure then outstanding held by such Lender. 
“Revolving Facility”
 
means the credit facility for making Revolving Loans 
and Swingline 
Loans and issuing Letters of Credit described in Sections 2.1, 2.2 and 2.3. 

“Revolving Credit 
Commitment”
 
means, as 
to any Lender, 
the obligation of 
such Lender 
to make 
Revolving Loans 
and to 
participate in 
Swingline Loans 
and Letters 
of Credit 
issued for 
the account 
of the 
Borrower hereunder 
in an 
aggregate principal 
or face 
amount at 
any one 
time 
outstanding not to exceed 
the amount set forth 
opposite such Lender’s 
name on Schedule 2.1/2.2 
attached hereto 
and made 
a part 
hereof, as 
the same 
may be 
reduced or 
modified at 
any time 
or 
from time to 
time pursuant to 
the terms hereof 
(including, without limitation, 
Section 2.15 hereof). 

The Borrower and the 
Lenders acknowledge and agree 
that the Revolving Credit 
Commitments of 
the Lenders aggregate $250,000,000 on the Closing Date. 
“Revolving Credit Exposure” 
means, as to any Lender 
at any time, the aggregate 
principal 
amount at 
such time 
of its 
outstanding Revolving 
Loans and 
such Lender’s 
participation in 
L/C 
Obligations and Swingline Loans at such time. 
“Revolving Credit 
Termination 
Date”
 
means November 
15, 2026 
or such 
earlier date 
on 
which the 
Revolving Credit 
Commitments are 
terminated in 
whole pursuant 
to Section 2.11, 
9.2 
or 9.3. 
“Revolving Loan” 
is defined in Section 2.1 and, as so defined, includes a 
Base Rate Loan 
or a Eurodollar Loan, each of which is a 
“type”
 
of Revolving Loan hereunder. 
“Revolving Note”
 
is defined in Section 2.10. 
“S&P”
 
means Standard & Poor’s Ratings 
Services Group, a Standard & Poor’s Financial 
Services LLC business. 
“SEC”
 
means the United States Securities and Exchange Commission. 
“Secured 
Obligations”
 
means 
the 
Obligations, 
Hedging 
Liability, 
and 
Bank 
Product 
Obligations, in each case 
whether now existing or 
hereafter arising, due or 
to become due, direct 
or 
indirect, 
absolute 
or 
contingent, 
and 
howsoever 
evidenced, 
held 
or 
acquired 
(including 
all 
interest, costs, 
fees, and charges 
after the 
entry of an 
order for 
relief against 
any Loan Party 
in a 

-24-
case 
under 
the 
United 
States 
Bankruptcy 
Code 
or 
any 
similar 
proceeding, 
whether 
or 
not 
such 
interest, costs, 
fees and 
charges would 
be an 
allowed claim 
against such 
Loan Party 
in any 
such 
proceeding); 
provided, 
however,
 
that, 
with 
respect 
to 
any 
Guarantor, 
Secured 
Obligations 
Guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. 
“Securities Act” 
means the United States Securities Act of 1933. 
“Security Agreement”
 
means that certain Security 
Agreement dated as of 
July 10, 2018, as 
amended 
and 
reaffirmed 
by 
that 
certain 
Reaffirmation, 
Modification 
and 
Omnibus 
Joinder 
Agreement dated 
as of 
the date hereof 
among the Loan 
Parties and 
the Administrative 
Agent, as 
the same may be amended, modified, amended and restated, supplemented or otherwise modified 
from time to time. 
“Subsidiary”
 
means, 
as 
to 
any 
particular 
parent 
corporation 
or 
organization, 
any 
other 
corporation or organization more 
than 50% of 
the outstanding Voting 
Stock of which 
is at the 
time 
directly 
or 
indirectly 
owned 
by 
such 
parent 
corporation 
or 
organization 
or 
by 
any 
one 
or 
more 
other entities 
which are 
themselves subsidiaries 
of such 
parent corporation 
or organization. 
Unless 
otherwise expressly 
noted herein, 
the term 
“Subsidiary”
 
means a 
Subsidiary of 
the Borrower 
or 
of any of its direct or indirect Subsidiaries. 
“
Swap Obligation
” means, with respect 
to any Guarantor, any obligation 
to pay or perform 
under 
any 
agreement, 
contract 
or 
transaction 
that 
constitutes 
a 
“swap” 
within 
the 
meaning 
of 
Section 1a(47) of the Commodity Exchange Act. 

“Sweep Depositary”
 
shall have 
the meaning 
set forth 
in the 
definition of 
Sweep to 
Loan 
Arrangement. 
“Sweep to Loan Arrangement”
 
means a cash management arrangement established by the 
Borrower 
with 
the 
Swingline 
Lender 
or 
an 
Affiliate 
of 
the 
Swingline 
Lender, 
as 
depositary 
(in 
such 
capacity, 
the 
“Sweep Depositary”
), 
pursuant to 
which the 
Swingline Lender 
is authorized 
(a) to make 
advances of 
Swingline Loans 
hereunder, 
the proceeds 
of which 
are deposited 
by the 
Swing Lender into a designated 
account of the Borrower 
maintained at the Sweep Depositary, and 
(b) to 
accept 
as 
prepayments 
of 
the 
Swingline 
Loans 
hereunder 
proceeds 
of 
excess 
targeted 
balances 
held 
in 
such 
designated 
account 
at 
the 
Sweep 
Depositary, 
which 
cash 
management 
arrangement is 
subject to 
such agreement(s) and 
on such 
terms acceptable to 
the Sweep Depositary 
and the Swing Lender. 
“Swingline” 
means the credit facility for 
making one or more 
Swingline Loans described 
in Section 2.2. 

“Swingline 
Lender”
 
means 
BMO 
Harris 
Bank 
N.A., 
in 
its 
capacity 
as 
the 
Lender 
of 
Swingline Loans 
hereunder, 
or any 
successor Lender 
acting in 
such capacity 
appointed pursuant 
to Section 13.2. 
“Swingline Lender’s 
Quoted Rate”
 
is defined in Section 2.2(b). 

-25-
“Swingline Sublimit”
 
means $15,000,000, as reduced pursuant to the terms hereof. 
“Swingline Loan” 
and 
“Swingline Loans”
 
each is defined in Section 2.2(b). 
“Swing Note”
 
is defined in Section 2.10. 
“Tangible 
Net Worth
” means total 
shareholder’s equity that 
would appear on 
the balance 
sheet of the 
Borrower and 
its Subsidiaries 
minus the 
sum of 
(a) all 
assets which 
would be 
classified 
as 
intangible 
assets 
under 
GAAP, 
including, 
without 
limitation, 
goodwill, 
patents, 
trademarks, 
trade 
names, 
copyrights, 
franchises 
and 
deferred 
charges 
(including, 
without 
limitation, 
unamortized debt 
discount and 
expense, organization costs 
and deferred 
research and 
development 
expense) 
and 
similar 
assets, 
and 
(b) 
the 
write 
up 
of 
assets 
above 
cost 
(other 
than 
marketable 
securities); provided, 
however, that intangible 
assets shall 
not include 
prepaid expenses 
(including, 
without 
limitation, 
prepaid 
insurance, 
software 
licenses 
and 
support 
agreements, 
consulting 
contracts 
and 
prepaid 
financing 
fees) 
carried 
on 
the 
consolidated 
balance 
sheet, 
in 
each 
case 
determined on a consolidated basis in accordance with GAAP. 
“Taxes”
 
means all 
present or 
future taxes, 
levies, imposts, 
duties, deductions, 
withholdings 
(including backup withholding), 
assessments, fees or 
other charges imposed by 
any Governmental 
Authority, including any interest, additions to tax or penalties applicable thereto. 
“Total 
Capitalization”
 
means, 
at 
any time 
the same 
is 
to 
be determined, 
the 
sum 
of 
(a) 
Total Funded Debt and (b) Net Worth.
“Total 
Credit Exposure” 
means, as to any 
Lender at any 
time, the unused Commitments, 
Revolving Credit Exposure, and Incremental Term Loans (if any) of such Lender at such time. 
“Total Funded Debt”
 
means, at 
any time 
the same 
is to 
be determined, 
the sum 
(but without 
duplication) of (a) all Indebtedness of the Borrower and 
its Subsidiaries at such time described in 
clauses (a) 
through 
(f), 
both 
inclusive, 
of 
the 
definition 
thereof, 
and 
(b) all 
Indebtedness 
of 
any 
other Person which is directly or indirectly Guaranteed by the Borrower or any of its Subsidiaries 
or which 
the Borrower 
or any 
of its 
Subsidiaries has 
agreed (contingently 
or otherwise) 
to purchase 
or otherwise acquire or 
in respect of which 
the Borrower or any 
of its Subsidiaries has 
otherwise 
assured a creditor against loss.
“Total Funded Debt to Capitalization Ratio”
 
means, as of 
the last day 
of any fiscal 
quarter 
of the Borrower, 
the ratio of (a) Total 
Funded Debt of the Borrower and 
its Subsidiaries as of the 
last day of such fiscal quarter 
to (b) Total Capitalization of the Borrower and its Subsidiaries as of 
the last day of such fiscal quarter.
“Unfunded 
Vested 
Liabilities”
means, 
for 
any 
Plan 
at 
any 
time, 
the 
amount 
(if 
any) 
by 
which the present value of all 
vested nonforfeitable accrued benefits under such Plan 
exceeds the 
fair market 
value of 
all Plan 
assets allocable 
to such 
benefits, all 
determined as 
of the 
then most 
recent valuation 
date for 
such Plan, 
but only 
to the 
extent that 
such excess 
represents a 
potential 
liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA. 

-26-
“U.S. Dollars”
 
and 
“$”
 
each means the lawful currency of the United States of America. 
“U.S. 
Person” 
means 
any 
Person 
that 
is 
a 
“United 
States 
Person” 
as 
defined 
in 
Section 7701(a)(30) of the Code. 
“U.S. Tax Compliance Certificate” 
has the 
meaning assigned 
to such 
term in 
subsection (f) 
of Section 4.1. 
“Voting 
Stock”
 
of any Person means capital stock or 
other equity interests of any class or 
classes (however designated) having ordinary power 
to vote as prescribed for such class 
of capital 
stock or equity 
interest for the 
election of directors 
or other similar 
governing body of 
such Person, 
other than stock or other equity interests having 
such power only by reason of the happening 
of a 
contingency. 
“Welfare 
Plan”
 
means a “welfare plan” as defined in Section 3(1) of ERISA. 
“Wholly-owned Subsidiary”
 
means a Subsidiary 
of which all 
of the issued 
and outstanding 
shares of capital stock (other 
than directors’ qualifying shares as 
required by law) or other 
equity 
interests are 
owned by 
the Borrower 
and/or one 
or more 
Wholly-owned Subsidiaries 
within the 
meaning of this definition. 
“Withholding Agent”
 
means any Loan Party and the Administrative Agent. 
“Write-Down 
and 
Conversion 
Powers”
 
means, 
with 
respect 
to 
any 
EEA 
Resolution 
Authority, the write-down and conversion powers of such 
EEA Resolution Authority from 
time to 
time under 
the Bail-In 
Legislation for 
the applicable 
EEA Member 
Country, 
which write-down 
and conversion powers are described in the EU Bail-In Legislation Schedule. 
Section 1.2.
Interpretation.
 
The foregoing 
definitions are 
equally applicable 
to both 
the 
singular and plural 
forms of the 
terms defined. 
Whenever the context 
may require, any 
pronoun 
shall 
include 
the 
corresponding 
masculine, 
feminine 
and 
neuter 
forms. 
The 
words 
“include,” 
“includes” 
and 
“including” 
shall 
be 
deemed 
to 
be 
followed 
by 
the 
phrase 
“without 
limitation.” 

The 
word 
“will” 
shall 
be 
construed 
to 
have 
the 
same 
meaning 
and 
effect 
as 
the 
word 
“shall.” 

Unless 
the 
context 
requires 
otherwise 
(a) any 
definition 
of 
or 
reference 
to 
any 
agreement, 
instrument or other document herein shall 
be construed as referring to such 
agreement, instrument 
or other document as from time to time amended, supplemented 
or otherwise modified (subject to 
any 
restrictions 
on 
such 
amendments, 
supplements 
or 
modifications 
set 
forth 
herein), 
(b) 
any 
reference herein to any Person shall be 
construed to include such Person’s successors and assigns, 
(c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed 
to refer 
to this 
Agreement in 
its entirety 
and not 
to any 
particular provision 
hereof, (d) 
all references 
herein 
to 
Articles, 
Sections, 
Exhibits 
and 
Schedules 
shall 
be 
construed 
to 
refer 
to 
Articles 
and 
Sections 
of, 
and 
Exhibits 
and 
Schedules 
to, 
this 
Agreement, 
(e) 
any 
reference 
to 
any 
law 
or 
regulation 
herein 
shall, 
unless 
otherwise 
specified, 
refer 
to 
such 
law 
or 
regulation 
as 
amended, 
modified 
or supplemented 
from 
time to 
time, 
and (f) 
the words 
“asset” and 
“property” shall 
be 
construed to have the same 
meaning and effect and 
to refer to any and 
all tangible and intangible 
assets and 
properties, including 
cash, securities, 
accounts and 
contract 
rights. 
All references 
to 

-27-
time of day herein are references to 
Chicago, Illinois, time unless otherwise specifically provided. 

Where the character or amount of 
any asset or liability or item 
of income or expense is required 
to 
be determined or any 
consolidation or other accounting 
computation is required to 
be made for 
the 
purposes 
of 
this 
Agreement, 
it 
shall 
be 
done 
in 
accordance 
with 
GAAP, 
except 
where 
there 
is 
variation from GAAP as currently reflected 
under the current financial statements as consistently 
applied 
and 
except 
where 
such 
principles 
are 
inconsistent 
with 
the 
specific 
provisions 
of 
this 
Agreement. 

Section 1.3. 
Change in Accounting Principles
. 
If, after the date of this 
Agreement, there 
shall occur 
any change 
in GAAP 
from those 
used in 
the preparation 
of the 
financial statements 
referred to in Section 6.5 and such change 
shall result in a change in the method 
of calculation of 
any 
financial 
covenant, 
standard 
or 
term 
found 
in 
this 
Agreement, 
either 
the 
Borrower 
or 
the 
Required Lenders 
may by 
notice to 
the Lenders 
and the 
Borrower, 
respectively, 
require that 
the 
Lenders and the Borrower 
negotiate in good faith to 
amend such covenants, standards, and 
terms 
so as equitably 
to reflect 
such change in 
accounting principles, 
with the desired 
result being 
that 
the criteria for evaluating the financial condition of 
the Borrower and its Subsidiaries shall be the 
same as if such change had not been made. 
No delay by the Borrower or the Required Lenders in 
requiring such negotiation 
shall limit their 
right to so 
require such a 
negotiation at any time 
after 
such a change in accounting principles. 
Until any such covenant, standard, or term is amended in 
accordance with this 
Section, financial covenants 
shall be computed 
and determined in 
accordance 
with GAAP 
in effect prior 
to such 
change in 
accounting principles. 
Without limiting 
the generality 
of 
the 
foregoing, 
the 
Borrower 
shall 
neither 
be 
deemed 
to 
be 
in 
compliance 
with 
any 
financial 
covenant hereunder nor 
out of compliance 
with any financial 
covenant hereunder if 
such state of 
compliance 
or 
noncompliance, 
as 
the 
case 
may 
be, 
would 
not 
exist 
but 
for 
the 
occurrence 
of 
a 
change in accounting principles after the date hereof. 
 
Section 1.4. 
Divisions
. 
For all 
purposes under 
the Loan 
Documents, in 
connection with 
any division 
or plan 
of division 
under Delaware 
law (or 
any comparable 
event under 
a different 
jurisdiction’s laws): (a) if 
any asset, right, obligation or liability of any Person becomes the 
asset, 
right, obligation or liability of a different Person, then it shall be deemed to have 
been transferred 
from the original 
Person to the 
subsequent Person, and 
(b) if any 
new Person comes 
into existence, 
such new Person 
shall be deemed 
to have been 
organized on 
the first date 
of its existence 
by the 
holders of its equity interests at such time. 
S
ECTION
 
2. 
T
HE 
R
EVOLVING 
F
ACILITY
Section 2.1. 
Revolving Facility. 

Subject to the terms and conditions hereof, each Lender, 
by its 
acceptance hereof, 
severally agrees 
to make 
a loan 
or loans 
(individually a 
“Revolving Loan”
and collectively for all the Lenders the 
“Revolving Loans”
) in U.S. Dollars to the Borrower from 
time 
to 
time 
on 
a 
revolving 
basis 
up 
to 
the 
amount 
of 
such 
Lender’s 
Revolving 
Credit 
Commitment, subject to any reductions 
thereof pursuant to the terms 
hereof, before the Revolving 
Credit 
Termination 
Date. 
The 
sum 
of 
the 
aggregate 
principal 
amount 
of 
Revolving 
Loans, 
Swingline 
Loans, 
and 
L/C 
Obligations 
at 
any 
time 
outstanding 
shall 
not 
exceed 
the 
Revolving 
Credit Commitments 
in effect 
at such 
time. 
Each Borrowing 
of Revolving 
Loans shall 
be made 
ratably 
by 
the 
Lenders 
in 
proportion 
to 
their 
respective 
Revolver 
Percentages. 
As 
provided 
in 
Section 2.6(a), the 
Borrower may 
elect that 
each Borrowing 
of Revolving 
Loans be 
either Base 

-28-
Rate Loans 
or Eurodollar 
Loans. 
Revolving Loans 
may be 
repaid and 
the principal amount 
thereof 
reborrowed 
before 
the 
Revolving 
Credit 
Termination 
Date, 
subject 
to 
the 
terms 
and 
conditions 
hereof.
Section 2.2
Swingline Loans.
 
(a) 
Generally
. 
Subject to the terms and conditions hereof, 
as part of 
the Revolving Facility, 
the Swingline Lender may, 
in its sole 
discretion, make loans in 
U.S. Dollars 
to 
the 
Borrower 
under 
the 
Swingline 
(individually 
a 
“Swingline 
Loan”
 
and 
collectively 
the 
“Swingline 
Loans”
) 
which 
shall 
not 
in 
the 
aggregate 
at 
any 
time 
outstanding 
exceed 
the 
Swingline 
Sublimit. 
Swingline 
Loans 
may 
be 
availed 
of 
from 
time 
to 
time 
and 
borrowings thereunder may 
be repaid and 
used again during 
the period 
ending on the 
Revolving 
Credit 
Termination 
Date. 
Each Swingline 
Loan shall 
be in 
a minimum 
amount 
of $150,000 
or 
such greater 
amount which 
is an 
integral multiple 
of $100,000. 
Each Swingline 
Loan shall 
bear 
interest until maturity 
(whether by acceleration or 
otherwise) at a 
rate per annum equal 
to (x) the 
rate per annum for Base Rate Loans under the Revolving Facility as from time to time 
in effect or 
(y) the Swingline 
Lender’s Quoted Rate 
(computed on 
the basis 
of a 
year of 
360 days for 
the actual 
number 
of 
days 
elapsed). 
Interest 
on 
each 
Swingline 
Loan 
shall 
be 
due 
and 
payable 
by 
the 
Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise). 
 
(b)
 
Requests 
for 
Swingline 
Loans
. 
The 
Borrower 
shall 
give 
the 
Administrative 
Agent 
prior notice 
(which may 
be written 
or oral) 
no later 
than 12:00 Noon 
(Chicago time) 
on the 
date 
upon which 
the Borrower 
requests that 
any Swingline 
Loan be 
made, of 
the amount 
and date 
of 
such Swingline 
Loan, and, 
if applicable, 
the Interest 
Period requested 
therefor. 
The Administrative 
Agent shall promptly advise 
the Swingline Lender of 
any such notice received 
from the Borrower. 

Thereafter, 
the 
Swingline 
Lender 
shall 
notify 
the 
Administrative 
Agent 
(who 
shall 
thereafter 
promptly notify the Borrower) whether or 
not it has elected to make 
such Swingline Loan. 
If the 
Swingline Lender 
agrees to make 
such Swingline Loan, 
it may in 
its discretion quote 
an interest 
rate to 
the Borrower 
at which 
the Swingline 
Lender would 
be willing 
to make 
such Swingline 
Loan 
available to 
the Borrower 
for the 
Interest Period 
so requested 
(the rate 
so quoted 
for a 
given Interest 
Period 
being 
herein 
referred 
to 
as 
“Swingline 
Lender’s 
Quoted 
Rate”
). 
The 
Borrower 
acknowledges 
and 
agrees 
that 
the 
interest 
rate 
quote 
is 
given 
for 
immediate 
and 
irrevocable 
acceptance. 
If the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate 
for the 
full amount 
requested by 
the Borrower 
for such 
Swingline Loan, 
the Swingline 
Lender’s 
Quoted Rate shall be 
deemed immediately withdrawn. 
If the Swingline Lender’s 
Quoted Rate is 
not accepted 
or otherwise 
does not 
apply, 
such Swingline 
Loan shall 
bear interest 
at the 
rate per 
annum for Base 
Rate Loans under 
the Revolving Facility 
as from time 
to time in 
effect. 
Subject 
to the terms and 
conditions hereof, the proceeds 
of each Swingline Loan 
extended to the Borrower 
shall 
be 
deposited 
or 
otherwise 
wire 
transferred 
to 
the 
Borrower’s 
Designated 
Disbursement 
Account or as the 
Borrower, the 
Administrative Agent, and the 
Swingline Lender may otherwise 
agree. 
Anything contained 
in the 
foregoing to 
the contrary 
notwithstanding, the 
undertaking of 
the Swingline Lender to make Swingline Loans shall be subject to all 
of the terms and conditions 
of 
this 
Agreement 
(provided 
that 
the 
Swingline 
Lender 
shall 
be 
entitled 
to 
assume 
that 
the 
conditions precedent to 
an advance of 
any Swingline 
Loan have been 
satisfied unless notified 
to 
the contrary by the Administrative Agent or the Required Lenders). 

 
(c) 
Refunding Swingline Loans
. 
In its sole 
and absolute discretion, 
the Swingline Lender 
may at 
any time, 
on behalf 
of the 
Borrower (which 
hereby irrevocably 
authorizes the 
Swingline 

-29-
Lender 
to 
act 
on 
its 
behalf 
for 
such 
purpose) 
and 
with 
notice 
to 
the 
Borrower 
and 
the 
Administrative Agent, request each Lender to make a Revolving 
Loan in the form of a Base Rate 
Loan in 
an amount 
equal to 
such Lender’s 
Revolver Percentage 
of the 
amount of 
the Swingline 
Loans outstanding 
on the date 
such notice 
is given 
(which Loans 
shall thereafter 
bear interest 
as 
provided for 
in Section 
2.4(a)). 
Unless an 
Event of 
Default described 
in Section 9.1(j) 
or 9.1(k)
exists with respect to 
the Borrower, regardless of the existence 
of any other Event 
of Default, each 
Lender shall 
make the 
proceeds of 
its requested 
Revolving Loan 
available to 
the Administrative 
Agent 
for 
the 
account 
of 
the 
Swingline 
Lender), 
in 
immediately 
available 
funds, 
at 
the 
Administrative 
Agent’s 
office 
in 
Chicago, 
Illinois 
(or 
such 
other 
location 
designated 
by 
the 
Administrative Agent), before 12:00 Noon (Chicago time) on the Business Day 
following the day 
such 
notice 
is 
given. 
The 
Administrative 
Agent 
shall 
promptly 
remit 
the 
proceeds 
of 
such 
Borrowing to the Swingline Lender to repay the outstanding Swingline Loans. 
 
(d) 
Participation in Swingline Loans. 

If any Lender refuses or otherwise fails to make a 
Revolving 
Loan 
when 
requested 
by 
the 
Swingline 
Lender 
pursuant 
to 
Section 2.2(b) 
above
(because 
an 
Event 
of 
Default 
described 
in 
Section 9.1(j) 
or 
9.1(k)
exists 
with 
respect 
to 
the 
Borrower or 
otherwise), such 
Lender will, 
by the 
time and 
in the 
manner such 
Revolving Loan 
was 
to 
have 
been 
funded 
to 
the 
Swingline 
Lender, 
purchase 
from 
the 
Swingline 
Lender 
an 
undivided 
participating 
interest 
in 
the 
outstanding 
Swingline 
Loans 
in 
an 
amount 
equal 
to 
its 
Revolver Percentage of the 
aggregate principal amount of 
Swingline Loans that were 
to have been 
repaid with 
such Revolving 
Loans. 
From and 
after the 
date of 
any such 
purchase, the 
parties hereto 
hereby acknowledge and agree that 
such Swingline Loans shall thereafter bear 
interest at the rate 
for such 
Swingline Loan 
as determined 
in accordance 
with Section 
2.2(b) hereof. 
Each Lender 
that 
so 
purchases 
a 
participation 
in 
a 
Swingline 
Loan 
shall 
thereafter 
be 
entitled 
to 
receive 
its 
Revolver Percentage of each payment of principal received on the Swingline Loan and of interest 
received 
thereon 
accruing 
from 
the 
date 
such 
Lender 
funded 
to 
the 
Swingline 
Lender 
its 
participation 
in 
such 
Loan. 
The 
several 
obligations 
of 
the 
Lenders 
under 
this 
Section 
shall 
be 
absolute, irrevocable, and unconditional under 
any and all circumstances 
whatsoever and shall not 
be subject to any set-off, counterclaim or defense 
to payment which any Lender may 
have or have 
had against the 
Borrower, any other Lender, or any 
other Person whatsoever. 
Without limiting the 
generality 
of 
the 
foregoing, 
such 
obligations 
shall 
not 
be 
affected 
by 
any 
Default 
or 
by 
any 
reduction or termination of the Commitments 
of any Lender, and each payment made by a 
Lender 
under 
this 
Section 
shall 
be 
made 
without 
any 
offset, 
abatement, 
withholding, 
or 
reduction 
whatsoever.
 
(e) 
Sweep to Loan Arrangement
. 
So long as a 
Sweep to Loan Arrangement 
is in effect, 
and subject 
to the 
terms and 
conditions thereof, 
Swingline Loans 
may be 
advanced and 
prepaid 
hereunder 
notwithstanding 
any 
notice, 
minimum 
amount, 
or 
funding 
and 
payment 
location 
requirements 
hereunder 
for 
any 
advance 
of 
Swingline 
Loans 
or 
for 
any 
prepayment 
of 
any 
Swingline Loans. 
The making of 
any such Swingline 
Loans shall otherwise 
be subject to 
the other 
terms 
and 
conditions 
of 
this 
Agreement. 
The 
Swingline 
Lender 
shall 
have 
the 
right 
in 
its 
sole 
discretion to suspend or terminate the making and/or 
prepayment of Swingline Loans pursuant to 
such Sweep to Loan 
Arrangement with notice to 
the Sweep Depositary and 
the Borrower (which 
may be provided on a same-day basis), whether 
or not any Default exists. 
The Swingline Lender 
shall not be 
liable to the 
Borrower or any 
other Person for 
any losses directly 
or indirectly resulting 
from events beyond 
the Swingline 
Lender’s reasonable 
control, including without 
limitation any 

-30-
interruption of communications or 
data processing services or 
legal restriction or for 
any special, 
indirect, consequential or punitive damages in connection with any Sweep to Loan Arrangement. 
Section 2.3. 
Letters of Credit.
 
(a) 
General Terms.
 
Subject to the terms and conditions hereof, as part of the Revolving 
Facility, 
the 
L/C Issuer 
shall 
issue 
standby 
and 
commercial 
letters 
of 
credit 
(each 
a 
“Letter 
of 
Credit”
) for the account of 
the Borrower
or for the account of 
the Borrower and one or 
more of its 
Subsidiaries
in an aggregate undrawn 
face amount up to 
the L/C Sublimit. 
Each Letter of Credit 
shall be issued 
by the L/C Issuer, 
but each Lender 
shall be obligated 
to reimburse the 
L/C Issuer 
for such 
Lender’s Revolver 
Percentage of 
the amount 
of each 
drawing thereunder 
and, accordingly, 
Letters of Credit 
shall constitute usage 
of the Revolving 
Credit Commitment of 
each Lender pro 
rata in an amount equal to its Revolver Percentage of the L/C Obligations then outstanding. 
 
(b) 
Applications.
 
At 
any 
time 
before 
the 
Revolving 
Credit 
Termination 
Date, 
the 
L/C Issuer shall, 
at the 
request of 
the Borrower, issue 
one or 
more Letters 
of Credit
in U.S. Dollars, 
in a form satisfactory 
to the L/C Issuer, with expiration dates 
no later than the 
earlier of 12 months 
from 
the 
date 
of 
issuance 
(or 
which 
are 
cancelable 
not 
later 
than 
12 months 
from 
the 
date 
of 
issuance and each renewal) or thirty (30) days prior to the 
Revolving Credit Termination 
Date, in 
an aggregate face 
amount as set 
forth above, upon 
the receipt of 
an application duly 
executed by 
the 
Borrower 
and, 
if 
such 
Letter 
of 
Credit 
is 
for 
the 
account 
of 
one 
of 
its 
Subsidiaries, 
such 
Subsidiary
for 
the 
relevant 
Letter 
of 
Credit 
in 
the 
form 
then 
customarily 
prescribed 
by 
the 
L/C Issuer for the 
Letter of Credit 
requested (each an 
“Application”
). 
The Borrower agrees 
that 
if 
on 
the 
Revolving 
Credit 
Termination 
Date 
any 
Letters 
of 
Credit 
remain 
outstanding 
the 
Borrower 
shall 
then 
deliver 
to 
the 
Administrative 
Agent, 
without 
notice 
or 
demand, 
Cash 
Collateral 
in 
an 
amount 
equal 
to 
105% 
of 
the 
aggregate 
amount 
of 
each 
Letter 
of 
Credit 
then 
outstanding (which 
shall be 
held by 
the Administrative 
Agent pursuant 
to the 
terms of 
Section 9.4). 

Notwithstanding anything contained 
in any Application 
to the contrary: 
(i) the Borrower shall 
pay 
fees in 
connection with 
each Letter 
of Credit 
as set 
forth in 
Section 3.1, (ii) except 
as otherwise 
provided herein or in 
Sections 2.8, 2.13 or 2.14, unless 
an Event of Default exists, 
the L/C Issuer 
will not call for the funding by the 
Borrower of any amount under a Letter of Credit 
before being 
presented with 
a drawing 
thereunder, 
and (iii) if 
the L/C Issuer 
is not 
timely reimbursed 
for the 
amount 
of 
any 
drawing 
under 
a 
Letter 
of 
Credit 
on 
the 
date 
such 
drawing 
is 
paid, 
except 
as 
otherwise provided for 
in Section 2.6(c), the 
Borrower’s obligation to 
reimburse the L/C Issuer 
for 
the amount of such drawing shall bear interest (which the 
Borrower hereby promises to pay) from 
and 
after 
the date 
such 
drawing 
is 
paid 
at 
a 
rate 
per 
annum 
equal 
to 
the sum 
of 
the Applicable 
Margin plus the Base 
Rate from time to time 
in effect (computed on 
the basis of a year 
of 365 or 
366 days, as the case may be, 
and the actual number of 
days elapsed). 
If the L/C Issuer issues any 
Letter of Credit with an expiration date that is automatically extended unless the 
L/C Issuer gives 
notice that the expiration date will not so extend beyond its then scheduled 
expiration date, unless 
the Administrative 
Agent or 
the Required 
Lenders instruct 
the L/C Issuer 
otherwise, the 
L/C Issuer 
will give 
such notice 
of non-renewal 
before the 
time necessary 
to prevent 
such automatic 
extension 
if before such required 
notice date: 
(i) the expiration date of 
such Letter of Credit 
if so extended 
would 
be 
after 
the 
Revolving 
Credit 
Termination 
Date, 
(ii) the 
Revolving 
Credit 
Commitments 
have been terminated, 
or (iii) an Event 
of Default exists 
and either the 
Administrative Agent or 
the 
Required Lenders (with 
notice to the 
Administrative Agent) have 
given the L/C Issuer 
instructions 

-31-
not to 
so permit 
the extension 
of the 
expiration date 
of such 
Letter of 
Credit. 
The L/C Issuer 
agrees 
to issue amendments to the 
Letter(s) of Credit increasing the 
amount, or extending the expiration 
date, thereof 
at the 
request of 
the Borrower 
subject to 
the conditions 
of Section 7 
and the 
other 
terms of this Section. 

 
(c) 
The 
Reimbursement 
Obligations.
 
Subject 
to 
Section 2.3(b), 
the 
obligation 
of 
the 
Borrower to reimburse the 
L/C Issuer for all drawings 
under a Letter of 
Credit (a 
“Reimbursement 
Obligation”
) 
shall 
be 
governed 
by 
the 
Application 
related 
to 
such 
Letter 
of 
Credit, 
except 
that 
reimbursement shall be made (i) by no later than 2:00 p.m. (Chicago time) on the date when 
each 
drawing is to be 
paid if the Borrower 
has been informed of such 
drawing by the L/C Issuer 
on or 
before 10:00 a.m. (Chicago 
time) on the 
date when such 
drawing is to 
be paid 
and the Borrower 
has notified the Administrative Agent by 
1:00 p.m. (Chicago time) on 
such date that the Borrower 
will reimburse the L/C Issuer 
on the date each such drawing 
is to be paid, or (ii) if 
notice of such 
drawing is given to the Borrower 
after 10:00 a.m. (Chicago time) on the 
date when such drawing 
is to 
be paid 
or if 
the Borrower 
fails to 
notify the 
Administrative Agent 
by 1:00 
p.m. (Chicago 
time) on such date that the Borrower will reimburse the L/C Issuer on the date each such drawing 
is to be paid, by no later than 12:00 
Noon (Chicago time) on the following Business Day, 
in each 
case, 
in 
immediately 
available 
funds 
at 
the 
Administrative Agent’s 
principal 
office 
in 
Chicago, 
Illinois, or such other 
office as the Administrative 
Agent may designate in 
writing to the Borrower 
(who shall thereafter cause to 
be distributed to the L/C Issuer 
such amount(s) in like funds). 
If the 
Borrower does not 
make any such 
reimbursement payment on 
the date due 
and the Participating 
Lenders fund their 
participations therein in 
the manner set 
forth in Section 2.3(e) 
below, 
then all 
payments 
thereafter 
received 
by 
the 
Administrative 
Agent 
in 
discharge 
of 
any 
of 
the 
relevant 
Reimbursement Obligations shall be distributed in accordance with Section 2.3(e) below. 

 
(d) 
Obligations Absolute.
 
The Borrower’s obligation to reimburse L/C 
Obligations shall 
be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the 
terms of this Agreement and the relevant 
Application under any and all circumstances 
whatsoever 
and 
irrespective 
of 
(i) any 
lack 
of 
validity 
or 
enforceability 
of 
any 
Letter 
of 
Credit 
or 
this 
Agreement, or 
any term 
or provision 
therein, (ii) any 
draft or 
other document 
presented under 
a 
Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein 
being untrue or inaccurate in any respect, 
(iii) payment by the L/C Issuer under a Letter of 
Credit 
against presentation 
of a 
draft or 
other document 
that does 
not strictly 
comply with 
the terms 
of 
such Letter of 
Credit, or (iv) any 
other event or 
circumstance whatsoever, 
whether or not 
similar 
to 
any 
of 
the 
foregoing, 
that 
might, 
but 
for 
the 
provisions 
of 
this 
Section, 
constitute 
a 
legal 
or 
equitable discharge of, 
or provide a right 
of setoff against, 
the Borrower’s obligations hereunder. 
None 
of 
the 
Administrative 
Agent, 
the 
Lenders, 
or 
the 
L/C Issuer 
shall 
have 
any 
liability 
or 
responsibility by reason of or in connection 
with the issuance or transfer of 
any Letter of Credit or 
any payment or failure to make any payment thereunder (irrespective of any of the circumstances 
referred 
to 
in 
the 
preceding 
sentence), 
or 
any 
error, 
omission, 
interruption, 
loss 
or 
delay 
in 
transmission or 
delivery of 
any draft, 
notice or other 
communication under 
or relating to 
any Letter 
of 
Credit 
(including 
any 
document 
required 
to 
make 
a 
drawing 
thereunder), 
any 
error 
in 
interpretation of technical terms or 
any consequence arising from causes 
beyond the control of the 
L/C Issuer; 
provided
 
that 
the 
foregoing 
shall 
not 
be 
construed 
to 
excuse 
the 
L/C Issuer 
from 
liability to 
the Borrower 
to the 
extent of 
any direct 
damages (as 
opposed to 
consequential damages, 
claims in 
respect of 
which are 
hereby waived 
by the 
Borrower and 
each other 
Loan Party 
to the 

-32-
extent permitted by applicable 
law) suffered by the Borrower 
or any Loan Party 
that are caused by 
the 
L/C Issuer’s 
failure 
to 
exercise 
care 
when 
determining 
whether 
drafts 
and 
other 
documents 
presented 
under a 
Letter of 
Credit comply 
with the 
terms thereof. 
The parties 
hereto expressly 
agree that, in 
the absence of 
gross negligence or 
willful misconduct on 
the part of 
the L/C Issuer 
(as 
determined 
by 
a 
court 
of 
competent 
jurisdiction 
by 
final 
and 
nonappealable 
judgment), 
the 
L/C Issuer shall be 
deemed to have 
exercised care in 
each such determination. 
In furtherance of 
the 
foregoing and 
without 
limiting 
the 
generality 
thereof, 
the 
parties 
agree 
that, 
with respect 
to 
documents presented which appear on their face to be in substantial compliance with the terms of 
a Letter of 
Credit, the 
L/C Issuer may, in its 
reasonable discretion, 
either accept 
and make payment 
upon such documents 
without responsibility for 
further investigation, or 
refuse to accept 
and make 
payment upon 
such documents 
if such 
documents are 
not in 
strict compliance 
with the 
terms of 
such Letter of Credit. 

 
(e) 
The Participating Interests.
 
Each Lender (other than the Lender acting as 
L/C Issuer 
in issuing 
the relevant 
Letter of 
Credit), by 
its acceptance 
hereof, severally 
agrees to 
purchase from 
the 
L/C Issuer, 
and 
the 
L/C Issuer 
hereby 
agrees 
to 
sell 
to 
each 
such 
Lender 
(a 
“Participating 
Lender”
), an undivided percentage 
participating interest (a 
“Participating Interest”)
, to the 
extent 
of its Revolver 
Percentage, in each 
Letter of Credit 
issued by, and each 
Reimbursement Obligation 
owed to, the L/C Issuer. 
Upon any failure by the Borrower 
to pay any Reimbursement Obligation 
at 
the 
time 
required 
on 
the 
date 
the 
related 
drawing 
is 
to 
be 
paid, 
as 
set 
forth 
in 
Section 2.3(c) 
above, or if 
the L/C Issuer is 
required at any 
time to return 
to the Borrower 
or to a 
trustee, receiver, 
liquidator, 
custodian 
or 
other 
Person 
any 
portion 
of 
any 
payment 
of 
any 
Reimbursement 
Obligation, each Participating 
Lender shall, not 
later than the 
Business Day it 
receives a certificate 
in the form of 
Exhibit A hereto from the 
L/C Issuer (with a copy 
to the Administrative Agent) 
to 
such 
effect, 
if 
such 
certificate 
is 
received 
before 
1:00 p.m. 
(Chicago 
time), 
or 
not 
later 
than 
1:00 p.m. 
(Chicago 
time) 
the 
following 
Business 
Day, 
if 
such 
certificate 
is 
received 
after 
such 
time, pay to 
the Administrative 
Agent for the 
account of the 
L/C Issuer an amount 
equal to such 
Participating 
Lender’s 
Revolver 
Percentage 
of 
such 
unpaid 
or 
recaptured 
Reimbursement 
Obligation together with 
interest on such 
amount accrued from 
the date the 
related payment was 
made 
by 
the 
L/C Issuer 
to 
the 
date 
of 
such 
payment 
by 
such 
Participating 
Lender 
at 
a 
rate 
per 
annum equal to: 
(i) from the date the related payment was made by 
the L/C Issuer to the date two 
(2) Business Days after 
payment by such 
Participating Lender is 
due hereunder, 
at the greater 
of 
the 
Federal 
Funds 
Rate 
and 
a 
rate 
determined 
by 
the 
Administrative 
Agent 
in 
accordance 
with 
banking 
industry 
rules 
on interbank 
compensation 
for 
each 
such day 
and 
(ii) from 
the date 
two 
(2) Business Days 
after the 
date such 
payment is 
due from 
such Participating 
Lender to 
the date 
such payment 
is made 
by such 
Participating 
Lender, 
the Base 
Rate in 
effect 
for 
each such 
day. 

Each such 
Participating Lender 
shall thereafter 
be entitled 
to receive 
its Revolver 
Percentage of 
each payment 
received in 
respect of 
the relevant 
Reimbursement Obligation 
and of 
interest paid 
thereon, with the L/C Issuer retaining its 
Revolver Percentage thereof as a 
Lender hereunder. 
The 
several 
obligations 
of 
the 
Participating 
Lenders 
to 
the 
L/C Issuer 
under 
this 
Section 
shall 
be 
absolute, irrevocable, and unconditional under 
any and all circumstances 
whatsoever and shall not 
be subject to any set-off, counterclaim or 
defense to payment which any 
Participating Lender may 
have or 
have had 
against the 
Borrower, the 
L/C Issuer, the 
Administrative Agent, 
any Lender 
or 
any other 
Person whatsoever. 
Without limiting 
the generality 
of the 
foregoing, such 
obligations 
shall not be affected by any 
Default or by any reduction 
or termination of any 
Commitment of any 

-33-
Lender, and each payment by a Participating Lender under this Section shall be 
made without any 
offset, abatement, withholding or reduction whatsoever. 

 
(f) 
Indemnification.
 
The 
Participating 
Lenders 
shall, 
to 
the 
extent 
of 
their 
respective 
Revolver Percentages, 
indemnify the 
L/C Issuer (to 
the extent 
not reimbursed 
by the 
Borrower) 
against any cost, expense (including 
reasonable counsel fees and disbursements), 
claim, demand, 
action, loss 
or liability 
(except such 
as result 
from such 
L/C Issuer’s gross 
negligence or 
willful 
misconduct 
as 
determined 
by 
a 
court 
of 
competent 
jurisdiction 
by 
final 
and 
nonappealable 
judgment) that 
the L/C Issuer 
may suffer 
or incur 
in connection 
with any 
Letter of 
Credit issued 
by it. 
The obligations of the 
Participating Lenders under this subsection 
(f) and all other parts 
of 
this Section shall survive termination of this Agreement and of all Applications, 
Letters of Credit, 
and all drafts and other documents presented in connection with drawings thereunder. 
 
(g) 
Manner of 
Requesting a 
Letter of 
Credit.
 
The Borrower 
shall provide 
at least 
five 
(5) Business 
Days’ 
advance 
written 
notice 
to 
the 
Administrative 
Agent 
of 
each 
request 
for 
the 
issuance of a 
Letter of Credit, 
such notice in 
each case to 
be accompanied by 
an Application for 
such 
Letter 
of 
Credit 
properly 
completed 
and 
executed 
by 
the 
Borrower 
and, 
in 
the 
case 
of 
an 
extension 
or 
amendment 
or 
an 
increase 
in 
the 
amount 
of 
a 
Letter 
of 
Credit, 
a 
written 
request 
therefor, 
in 
a 
form 
acceptable 
to 
the 
Administrative 
Agent 
and 
the 
L/C Issuer, 
in 
each 
case, 
together 
with 
the 
fees 
called 
for 
by 
this 
Agreement. 
The 
Administrative 
Agent 
shall 
promptly 
notify the L/C Issuer of 
the Administrative Agent’s receipt of each 
such notice (and
the L/C Issuer 
shall 
be 
entitled 
to 
assume 
that 
the 
conditions 
precedent 
to 
any 
such 
issuance, 
extension, 
amendment or 
increase have 
been satisfied 
unless notified 
to the 
contrary by 
the Administrative 
Agent or the 
Required Lenders) and 
the L/C Issuer shall 
promptly notify the 
Administrative Agent 
and the Lenders of the issuance of the Letter of Credit so requested. 

 
(h) 
Replacement of 
the L/C Issuer
. 
The L/C Issuer 
may be 
replaced at 
any time 
by written 
agreement 
among 
the 
Borrower, 
the 
Administrative 
Agent, 
the 
replaced 
L/C Issuer, 
and 
the 
successor L/C Issuer. 
The Administrative Agent shall notify 
the Lenders of any such 
replacement 
of the 
L/C Issuer. 
At the 
time any 
such replacement 
shall become 
effective, the 
Borrower shall 
pay all unpaid 
fees accrued for 
the account of 
the replaced L/C 
Issuer. 
From and after 
the effective 
date of any such replacement 
(i) the successor L/C Issuer shall have 
all the rights and obligations 
of the L/C Issuer under 
this Agreement with respect 
to Letters of Credit 
to be issued thereafter 
and 
(ii) references herein to the term “L/C Issuer” shall be deemed to refer to such successor or 
to any 
previous L/C Issuer, or to such 
successor and all previous 
L/C Issuers, as the context 
shall require. 

After 
the 
replacement 
of 
a 
L/C Issuer 
hereunder, 
the 
replaced 
L/C Issuer 
shall 
remain 
a 
party 
hereto and 
shall continue 
to have 
all the 
rights and 
obligations of 
a L/C Issuer 
under this 
Agreement 
with respect to Letters of Credit issued 
by it prior to such replacement, but 
shall not be required to 
issue additional Letters of Credit. 
Section 2.4. 
Applicable Interest Rates.
 

 
(a) 
Base Rate Loans.
 
Each Base Rate 
Loan made or 
maintained by a 
Lender shall bear 
interest (computed on the basis of a year 
of 365 or 366 days, as the case may be 
(360 days, in the 
case of clause (c) 
of the definition 
of Base 
Rate relating to 
the LIBOR 
Quoted Rate), and 
the actual 

-34-
days 
elapsed 
on 
the 
unpaid 
principal 
amount 
thereof 
from 
the 
date 
such 
Loan 
is 
advanced, 
or 
created 
by 
conversion 
from 
a 
Eurodollar 
Loan, 
until 
maturity 
(whether 
by 
acceleration 
or 
otherwise) at a rate per annum equal to 
the sum of the Applicable Margin plus the Base 
Rate from 
time 
to 
time 
in 
effect, 
payable 
by 
the 
Borrower 
on 
each 
Interest 
Payment 
Date 
and 
at 
maturity 
(whether by acceleration or otherwise). 
 
(b) 
Eurodollar Loans.
 
Each Eurodollar Loan made or maintained 
by a Lender shall bear 
interest during each Interest Period it is 
outstanding (computed on the basis of a 
year of 360 days 
and 
actual 
days 
elapsed) 
on 
the 
unpaid 
principal 
amount 
thereof 
from 
the 
date 
such 
Loan 
is 
advanced or continued, or 
created by conversion from 
a Base Rate Loan, 
until maturity (whether 
by acceleration or otherwise) at 
a rate per annum equal 
to the sum of the 
Applicable Margin plus 
the Adjusted LIBOR applicable 
for such Interest Period, payable 
by the Borrower on 
each Interest 
Payment Date and at maturity (whether by acceleration or otherwise). 

 
(c) 
Rate 
Determinations. 
 
The 
Administrative 
Agent 
shall 
determine 
each 
interest 
rate 
applicable 
to 
the 
Loans 
and 
the 
Reimbursement 
Obligations 
hereunder, 
and 
its 
determination 
thereof shall be conclusive and binding except in the case of manifest error. 

Section 2.5. 
Minimum 
Borrowing 
Amounts; 
Maximum 
Eurodollar 
Loans
. 
Each 
Borrowing 
of 
Base 
Rate 
Loans 
advanced 
under 
a 
Facility 
shall 
be 
in 
an 
amount 
not 
less 
than 
$100,000. 
Each Borrowing 
of Eurodollar 
Loans advanced, 
continued or 
converted under 
a Facility 
shall be in an amount equal to $1,000,000 or such greater amount which is an integral multiple of 
$500,000. 
Without 
the 
Administrative 
Agent’s 
consent, 
there 
shall 
not 
be 
more 
than 
ten (10) 
Borrowings of Eurodollar Loans outstanding hereunder at any one time. 

Section 2.6. 
Manner of Borrowing Loans and Designating Applicable Interest Rates.
 

 
(a) 
Notice 
to 
the 
Administrative 
Agent.
 
The 
Borrower 
shall 
give 
notice 
to 
the 
Administrative
Agent by no 
later than 12:00 noon 
(Chicago time): 
(i) at least 
three (3) Business 
Days 
before 
the 
date 
on 
which 
the 
Borrower 
requests 
the 
Lenders 
to 
advance 
a 
Borrowing 
of 
Eurodollar Loans and (ii) 
on the date the 
Borrower requests the Lenders 
to advance a 
Borrowing 
of Base Rate Loans. 
The Loans included in each 
Borrowing shall bear interest initially at 
the type 
of rate 
specified in 
such notice 
of a 
new Borrowing. 
Thereafter, subject to 
the terms 
and conditions 
hereof, the 
Borrower may 
from time 
to time 
elect to 
change or 
continue the 
type of 
interest rate 
borne by 
each Borrowing 
or, 
subject to 
the minimum 
amount requirement 
for each 
outstanding 
Borrowing 
set 
forth 
in 
Section 2.5, 
a 
portion 
thereof, 
as 
follows: 
(i) if 
such 
Borrowing 
is 
of 
Eurodollar 
Loans, 
on 
the 
last 
day 
of 
the 
Interest 
Period 
applicable 
thereto, 
the 
Borrower 
may 
continue part 
or all 
of such 
Borrowing as 
Eurodollar Loans 
or convert 
part or 
all of 
such Borrowing 
into Base 
Rate Loans 
or (ii) if 
such Borrowing 
is of 
Base Rate 
Loans, on 
any Business 
Day, 
the 
Borrower may convert all 
or part of such Borrowing 
into Eurodollar Loans for 
an Interest Period 
or Interest Periods specified by 
the Borrower. 
The Borrower shall give all 
such notices requesting 
the advance, continuation 
or conversion of 
a Borrowing to 
the Administrative
Agent by telephone, 
telecopy, or other telecommunication 
device acceptable to 
the Administrative Agent 
(which notice 
shall be irrevocable 
once given and, 
if by telephone, 
shall be promptly 
confirmed in writing 
in a 
manner 
acceptable 
to 
the 
Administrative 
Agent), 
substantially 
in 
the 
form 
attached 
hereto 
as 
Exhibit B (Notice of Borrowing) 
or Exhibit C (Notice of 
Continuation/Conversion), as applicable, 

-35-
or 
in 
such 
other 
form 
acceptable 
to 
the 
Administrative
Agent. 
Notice 
of 
the 
continuation 
of 
a 
Borrowing of Eurodollar Loans for an additional Interest Period or of the conversion 
of part or all 
of 
a 
Borrowing 
of 
Base 
Rate 
Loans 
into 
Eurodollar 
Loans 
must 
be 
given 
by 
no 
later 
than 
12:00 noon 
(Chicago 
time) 
at 
least 
three 
(3) Business 
Days 
before 
the 
date 
of 
the 
requested 
continuation or conversion. 
All such notices concerning the advance, 
continuation or conversion 
of a 
Borrowing shall 
specify the 
date of 
the requested 
advance, continuation 
or conversion 
of a 
Borrowing 
(which 
shall 
be 
a 
Business 
Day), 
the 
amount 
of 
the 
requested 
Borrowing 
to 
be 
advanced, continued 
or converted, 
the type 
of Loans 
to comprise 
such new, continued or 
converted 
Borrowing 
and, 
if 
such 
Borrowing 
is 
to 
be 
comprised 
of 
Eurodollar 
Loans, 
the 
Interest 
Period 
applicable 
thereto. 
Upon 
notice 
to 
the 
Borrower 
by 
the 
Administrative 
Agent 
or 
the 
Required 
Lenders (or, 
in the 
case of 
an Event 
of Default 
under Section 9.1(j) 
or 9.1(k) 
with respect 
to the 
Borrower, 
without 
notice), 
no 
Borrowing of 
Eurodollar 
Loans 
shall 
be 
advanced, 
continued, 
or 
created 
by 
conversion 
if 
any 
Default 
then 
exists. 
The 
Borrower 
agrees 
that 
the 
Administrative 
Agent may rely on any such telephonic, telecopy or other telecommunication notice given by any 
person the 
Administrative Agent 
in good 
faith believes 
is an 
Authorized Representative 
without 
the necessity of independent investigation, and in 
the event any such notice by telephone 
conflicts 
with any written confirmation such telephonic notice 
shall govern if the Administrative Agent 
has 
acted in reliance thereon. 
 
(b) 
Notice 
to 
the 
Lenders
. 
The 
Administrative 
Agent 
shall 
give 
prompt 
telephonic, 
telecopy 
or 
other 
telecommunication 
notice 
to 
each 
Lender 
of 
any 
notice 
from 
the 
Borrower 
received 
pursuant 
to 
Section 2.6(a) 
above 
and, 
if 
such 
notice 
requests 
the 
Lenders 
to 
make 
Eurodollar Loans, the Administrative Agent shall give notice to the 
Borrower and each Lender by 
like means 
of the 
interest rate applicable 
thereto promptly after 
the Administrative Agent 
has made 
such determination. 
 
(c) 
Borrower’s 
Failure 
to 
Notify. 

If 
the 
Borrower 
fails 
to 
give 
notice 
pursuant 
to 
Section 2.6(a) above 
of the 
continuation or 
conversion of 
any outstanding 
principal amount 
of a 
Borrowing of 
Eurodollar Loans 
before the 
last day 
of its 
then current 
Interest Period 
within the 
period 
required 
by 
Section 2.6(a) 
and 
such 
Borrowing 
is 
not 
prepaid 
in 
accordance 
with 
Section 2.8(a), such 
Borrowing shall 
automatically be 
converted into 
a Borrowing 
of Base 
Rate 
Loans. 
In 
the 
event 
the 
Borrower 
fails 
to 
give 
notice 
pursuant 
to 
Section 2.6(a) 
above 
of 
a 
Borrowing 
equal 
to 
the 
amount 
of 
a 
Reimbursement 
Obligation 
and 
has 
not 
notified 
the 
Administrative Agent by 
12:00 noon (Chicago time) 
on the day 
such Reimbursement Obligation 
becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed 
under this Agreement, the Borrower shall be deemed to have requested a Borrowing of Base Rate 
Loans under 
the Revolving 
Facility (or, at 
the option 
of the 
Swingline Lender, under 
the Swingline) 
on such day in the 
amount of the Reimbursement Obligation 
then due, which Borrowing shall 
be 
applied to pay the Reimbursement Obligation then due. 
 
(d) 
Disbursement of Loans
. 
Not later 
than 2:00 p.m. (Chicago 
time) on 
the date of 
any 
requested advance of a new Borrowing, subject to Section 7, each Lender shall make available its 
Loan comprising part of such Borrowing in funds immediately 
available at the principal office of 
the Administrative 
Agent in 
Chicago, Illinois 
(or at 
such other 
location as 
the Administrative 
Agent 
shall 
designate). 
The 
Administrative 
Agent 
shall 
make 
the 
proceeds 
of 
each 
new 
Borrowing 
available to the Borrower at the Administrative Agent’s principal office in Chicago, Illinois (or at 

-36-
such other location 
as the 
Administrative Agent shall 
designate), by depositing 
or wire 
transferring 
such 
proceeds 
to 
the 
credit 
of 
the 
Borrower’s 
Designated 
Disbursement 
Account 
or 
as 
the 
Borrower and the Administrative Agent may otherwise agree.
 
(e) 
Administrative Agent Reliance on 
Lender Funding.
 
Unless the Administrative Agent 
shall have been notified 
by a Lender prior 
to (or, in 
the case of a 
Borrowing of Base Rate 
Loans, 
by 1:00 p.m. (Chicago time) on) 
the date on which such Lender 
is scheduled to make payment to 
the Administrative Agent of the proceeds of a Loan (which notice shall be effective upon receipt) 
that such 
Lender does 
not intend 
to make 
such payment, 
the Administrative 
Agent may 
assume 
that such Lender has made such payment when due and the Administrative Agent may in reliance 
upon such assumption (but 
shall not be required to) 
make available to the Borrower 
the proceeds 
of the Loan 
to be made 
by such Lender 
and, if any 
Lender has not 
in fact made 
such payment to 
the 
Administrative 
Agent, 
such 
Lender 
shall, 
on 
demand, 
pay 
to 
the 
Administrative 
Agent 
the 
amount made available to the Borrower attributable 
to such Lender together with interest thereon 
in respect of each day 
during the period commencing 
on the date such amount 
was made available 
to 
the 
Borrower 
and 
ending 
on 
(but 
excluding) 
the 
date 
such 
Lender 
pays 
such 
amount 
to 
the 
Administrative Agent at 
a rate per 
annum equal to: 
(i) from the date 
the related advance 
was made 
by the 
Administrative Agent 
to the 
date two 
(2) Business Days 
after payment 
by such 
Lender is 
due hereunder, the greater of 
the Federal Funds Rate and a rate determined by the 
Administrative 
Agent in accordance 
with banking industry 
rules on interbank 
compensation for each 
such day and 
(ii) from the date 
two (2) Business 
Days after 
the date such 
payment is 
due from 
such Lender to 
the date such payment is made by such Lender, the Base Rate in effect for each such day. 
If such 
amount is not received from 
such Lender by the 
Administrative Agent immediately upon 
demand, 
the 
Borrower 
will, 
on 
demand, 
repay 
to 
the 
Administrative 
Agent 
the 
proceeds 
of 
the 
Loan 
attributable 
to 
such 
Lender 
with 
interest 
thereon 
at 
a 
rate 
per 
annum 
equal 
to 
the 
interest 
rate 
applicable 
to 
the 
relevant 
Loan, 
but 
without 
such 
payment 
being 
considered 
a 
payment 
or 
prepayment 
of 
a 
Loan 
under 
Section 4.5 
so 
that 
the 
Borrower 
will 
have no 
liability 
under 
such 
Section with respect 
to such payment. 
Any payment by 
the Borrower shall 
be without prejudice 
to any claim the Borrower may have 
against a Lender that shall have failed 
to make such payment 
to the Administrative Agent. 
 
Section 2.7. 
Maturity of Loans
. 

 
(a) 
Revolving Loans.
 
Each Revolving Loan, both for principal and interest not sooner 
paid, shall mature and 
be due and payable 
by the Borrower on 
the Revolving Credit Termination 
Date. 

 
(b) 
Swingline Loans
. 
Each Swingline Loan, both for principal 
and interest not sooner 
paid, shall mature and 
be due and payable 
by the Borrower on 
the Revolving Credit Termination 
Date. 

Section 2.8. 
Prepayment. 
(a)
 
Optional
. 
The Borrower may 
prepay in whole 
or in 
part (but, 
if in 
part, then: 
(i) if 
such Borrowing is 
of Base Rate 
Loans, in an 
amount not less 
than $100,000, (ii) if 
such Borrowing 
is of Eurodollar 
Loans, in an 
amount not less 
than $500,000, and 
(iii) in each case, 
in an amount 

-37-
such 
that 
the 
minimum 
amount 
required 
for 
a 
Borrowing 
pursuant 
to 
Sections 2.2(b) 
and 
2.5 
remains outstanding) 
upon not less 
than three 
(3) Business Days prior 
notice by 
the Borrower to 
the Administrative Agent in the 
case of any prepayment of 
a Borrowing of Eurodollar Loans and 
notice delivered by 
the Borrower to 
the Administrative Agent 
no later than 12:00 
noon (Chicago 
time) on the 
date of prepayment 
in the case 
of a Borrowing 
of Base Rate 
Loans (or, 
in any case, 
such shorter 
period of 
time then 
agreed to 
by the 
Administrative Agent), 
such prepayment 
to be 
made by 
the payment 
of the 
principal amount 
to be 
prepaid and, 
in the 
case of 
any Incremental 
Term 
Loans, any Eurodollar Loans or Swingline Loans, accrued interest thereon 
to the date fixed 
for prepayment plus any amounts due the Lenders under Section 4.5. 

 
(b) 
Mandatory
. 
(i) The Borrower shall, 
on each date 
the Revolving Credit 
Commitments 
are 
reduced 
pursuant 
to 
Section 2.11, 
prepay 
the 
Swingline 
Loans, 
Revolving 
Loans, 
and, 
if 
necessary, prefund 
the L/C Obligations by the amount, 
if any, 
necessary to reduce the sum 
of the 
aggregate 
principal 
amount 
of 
Swingline 
Loans, 
Revolving 
Loans, 
and 
L/C Obligations 
then 
outstanding to the amount to which the Revolving Credit Commitments have been so reduced. 

 
(ii) 
If the 
Borrower or 
any Subsidiary 
shall at 
any time 
or from 
time to 
time make 
or agree 
to make a Disposition 
(other than a Disposition 
permitted pursuant to Section 
8.10 hereof) or shall 
suffer an Event of Loss with 
respect to any Property, 
then the Borrower shall promptly notify the 
Administrative Agent of such proposed Disposition or Event 
of Loss (including the amount of the 
estimated Net Cash 
Proceeds to be 
received by the 
Borrower or such 
Subsidiary in respect 
thereof) 
and, promptly upon receipt by the Borrower or such Subsidiary 
of the Net Cash Proceeds of such 
Disposition or 
Event of 
Loss, the 
Borrower shall prepay 
the Obligations 
in an aggregate 
amount 
equal to 
100% of 
the amount 
of all 
such Net 
Cash Proceeds; 
provided
 
that (x) so 
long as 
no Default 
then 
exists, 
this 
subsection 
shall 
not 
require 
any 
such 
prepayment 
with 
respect 
to 
Net 
Cash 
Proceeds received on account of an 
Event of Loss so long as 
such Net Cash Proceeds are applied 
to replace or 
restore the relevant 
Property in accordance 
with the relevant 
Collateral Documents, 
(y) this 
subsection 
shall 
not 
require 
any 
such 
prepayment 
with 
respect 
to 
Net 
Cash 
Proceeds 
received 
on 
account 
of 
Dispositions 
during 
any 
fiscal 
year 
of 
the 
Borrower 
not 
exceeding 
$10,000,000 
in 
the 
aggregate 
so 
long 
as 
no 
Default 
then 
exists, 
and 
(z) in 
the 
case 
of 
any 
Disposition not 
covered by 
clause (y) 
above, so 
long as 
no Default 
then exists, 
if 
the Borrower 
states in its 
notice of such 
event that the 
Borrower or the 
relevant Subsidiary intends 
to reinvest, 
within 180 days of 
the applicable Disposition, 
the Net Cash 
Proceeds thereof 
in assets 
similar to 
the assets which were 
subject to such Disposition, 
then the Borrower shall 
not be required to 
make 
a mandatory prepayment under this subsection in respect of such Net Cash Proceeds to the 
extent 
such Net 
Cash Proceeds 
are actually 
reinvested in 
such similar 
assets with 
such 180-day 
period. 

Promptly after the 
end of such 
180-day period, the 
Borrower shall notify 
the Administrative Agent 
whether the 
Borrower or such 
Subsidiary has reinvested 
such Net Cash 
Proceeds in such 
similar 
assets, and, to the extent such Net Cash Proceeds 
have not been so reinvested, the Borrower shall 
promptly prepay the Obligations in the amount of such Net Cash Proceeds not so reinvested. 
The 
amount of each 
such prepayment shall 
be applied, subject 
to Section 2.8(b)(v) 
below, 
first to the 
outstanding Incremental Term Loans, if any, 
on a ratable basis based on the outstanding principal 
amounts 
thereof, 
and 
then 
to 
the 
Revolving 
Facility, 
but 
without 
a 
reduction 
of 
the 
Revolving 
Credit Commitments. 
If the 
Administrative Agent 
or the 
Required Lenders 
so request, 
all proceeds 
of such 
Disposition or 
Event of 
Loss shall 
be deposited 
with the 
Administrative Agent 
(or its 
agent) 
and held by 
it in the 
Collateral Account. 
So long as 
no Default exists, 
the Administrative Agent 

-38-
is authorized to disburse amounts representing such proceeds from the Collateral Account to or at 
the Borrower’s direction for application to or reimbursement for the costs of replacing, rebuilding 
or restoring such Property. 
 
(iii) 
If 
after 
the 
Closing 
Date 
the 
Borrower 
or 
any 
Subsidiary 
shall 
issue 
new 
equity 
securities 
(whether 
common 
or 
preferred 
stock 
or 
otherwise), 
other 
than 
Excluded 
Equity 
Issuances, the Borrower shall 
promptly notify the Administrative 
Agent of the estimated 
Net Cash 
Proceeds of such issuance to be received by 
or for the account of the Borrower or such 
Subsidiary 
in 
respect 
thereof. 
Promptly 
upon 
receipt 
by 
the 
Borrower 
or 
such 
Subsidiary 
of 
Net 
Cash 
Proceeds of 
such issuance, 
the Borrower 
shall prepay 
the Obligations 
in an 
aggregate amount 
equal 
to 100% of the amount of 
such Net Cash Proceeds. 
The amount of each such prepayment shall 
be 
applied, 
subject 
to 
Section 2.8(b)(v) 
below, 
first 
to 
the 
outstanding 
Incremental 
Term 
Loans, 
if 
any, 
on 
a 
ratable 
basis 
based 
on 
the 
outstanding 
principal 
amounts 
thereof, 
and 
then 
to 
the 
Revolving Facility, but without a reduction of 
the Revolving Credit Commitments. 
The Borrower 
acknowledges that its 
performance hereunder shall 
not limit the 
rights and remedies 
of the Lenders 
for any 
breach of 
Section 8.11 (Maintenance of 
Subsidiaries) or 
Section 9.1(i) (Change 
of Control) 
or any other terms of the Loan Documents. 

 
(iv) 
If after the 
Closing Date 
the Borrower 
or any Subsidiary 
shall issue 
any Indebtedness, 
other 
than 
Indebtedness 
permitted 
by 
Section 8.7, 
the 
Borrower 
shall 
promptly 
notify 
the 
Administrative Agent 
of the 
estimated Net 
Cash Proceeds 
of such 
issuance to 
be received 
by or 
for the account 
of the Borrower 
or such Subsidiary 
in respect thereof. 
Promptly upon receipt 
by 
the Borrower or 
such Subsidiary of 
Net Cash Proceeds 
of such issuance, 
the Borrower shall 
prepay 
the Obligations in an aggregate amount equal 
to 100% of the amount of such 
Net Cash Proceeds. 

The amount of each such prepayment shall 
be applied, subject to Section 2.8(b)(v) below, 
first to 
the 
outstanding 
Incremental 
Term 
Loans, 
if 
any, 
on 
a 
ratable 
basis 
based 
on 
the 
outstanding 
principal 
amounts 
thereof, 
and 
then 
to 
the 
Revolving 
Facility, 
but 
without 
a 
reduction 
of 
the 
Revolving 
Credit 
Commitments. 
The 
Borrower 
acknowledges 
that 
its 
performance 
hereunder 
shall not 
limit the 
rights and 
remedies of 
the Lenders 
for any 
breach of 
Section 8.7 or 
any other 
terms of the Loan Documents. 
 
(v) 
Unless 
the 
Borrower 
otherwise 
directs, 
prepayments 
of 
Loans 
under 
this 
Section 2.8(b) shall be 
applied first 
to Borrowings 
of Base Rate 
Loans until payment 
in full 
thereof 
with any 
balance applied 
to Borrowings 
of Eurodollar 
Loans in 
the order 
in which 
their Interest 
Periods expire. 
Each prepayment of 
Loans under this 
Section 2.8(b) shall 
be made by 
the payment 
of the principal amount to be prepaid and, in the case of any Incremental Term 
Loans, Eurodollar 
Loans or 
Swingline Loans, 
accrued interest 
thereon to 
the date 
of prepayment 
together with 
any 
amounts due the Lenders under 
Section 4.5. 
Each prefunding of L/C Obligations shall 
be made in 
accordance with Section 9.4. 

 
(c) 
Any 
amount 
of 
Swingline 
Loans 
and 
Revolving 
Loans 
paid 
or 
prepaid 
before 
the 
Revolving Credit 
Termination 
Date may, 
subject to 
the terms 
and conditions 
of this 
Agreement, 
be borrowed, repaid and borrowed again. 
No amount of the Incremental Term Loans, if any, paid 
or prepaid may be reborrowed, 
and, in the case of any 
partial prepayment, such prepayment shall 
be applied to the remaining payments on all Incremental 
Term Loans in inverse order of maturity. 

-39-
Section 2.9. 
Default 
Rate. 

Notwithstanding 
anything 
to 
the 
contrary 
contained 
herein, 
while any 
Event of 
Default exists 
or after 
acceleration, the 
Borrower shall 
pay interest 
(after as 
well as before entry 
of judgment thereon to 
the extent permitted by 
law) on the principal 
amount 
of all Loans and 
Reimbursement Obligations, letter of 
credit fees and other 
amounts at a rate 
per 
annum equal to: 
 
(a) 
for 
any Base 
Rate Loan 
or any 
Swingline Loan 
bearing interest 
based on 
the Base Rate, the 
sum of 2.0% 
plus 
the Applicable Margin 
plus 
the Base Rate from time 
to time in effect; 

 
(b) 
for 
any 
Eurodollar 
Loan 
or 
any 
Swingline 
Loan 
bearing 
interest 
at 
the 
Administrative 
Agent’s 
Quoted 
Rate, 
the 
sum 
of 
2.0% 
plus 
the 
rate 
of 
interest 
in 
effect 
thereon at the time of such Event of 
Default until the end of the Interest 
Period applicable 
thereto and, 
thereafter, 
at a 
rate per 
annum equal 
to the 
sum of 
2.0% 
plus 
the Applicable 
Margin for Base Rate Loans 
plus 
the Base Rate from time to time in effect; 
 
(c) 
for any Reimbursement Obligation, 
the sum of 2.0% 
plus 
the amounts due 
under Section 2.3 with respect to such Reimbursement Obligation; 

 
(d) 
for any Letter of 
Credit, the sum of 
2.0% 
plus 
the L/C Participation Fee 
due 
under Section 3.1(b) with respect to such Letter of Credit; and 
 
(e) 
for any 
other amount 
owing hereunder 
not covered 
by clauses 
(a) through 
(d) above, the sum of 2% 
plus
 
the Applicable Margin 
plus
 
the Base Rate from time to 
time 
in effect; 
provided, 
however, 
that 
in 
the 
absence 
of 
acceleration 
pursuant 
to 
Section 9.2 
or 
9.3, 
any 
adjustments 
pursuant 
to 
this 
Section shall 
be made 
at 
the 
election 
of the 
Administrative 
Agent, 
acting 
at 
the 
request 
or 
with 
the 
consent 
of 
the 
Required 
Lenders, 
with 
written 
notice 
to 
the 
Borrower 
(which 
election 
may 
be 
retroactively 
effective 
to 
the 
date 
of 
such 
Event 
of 
Default). 

While any 
Event of 
Default exists 
or after 
acceleration, interest 
shall be 
paid on 
demand of 
the 
Administrative Agent at the request or with the consent of the Required Lenders. 

Section 2.10. 
Evidence of 
Indebtedness.
 
(a) Each Lender 
shall maintain 
in accordance 
with 
its 
usual 
practice 
an 
account 
or 
accounts 
evidencing 
the 
indebtedness 
of 
the 
Borrower 
to 
such 
Lender resulting from each 
Loan made by such 
Lender from time to 
time, including the amounts 
of principal and interest payable and paid to such Lender from time to time hereunder. 
 
(b) 
The Administrative Agent shall also maintain accounts in which it will record (i) the 
amount of each 
Loan made hereunder, the 
type thereof and 
the Interest Period 
with respect thereto, 
(ii) the amount of any 
principal or interest due 
and payable or to 
become due and payable 
from the 
Borrower to 
each Lender 
hereunder and 
(iii) the amount 
of any 
sum received 
by the 
Administrative 
Agent hereunder from the Borrower and each Lender’s share thereof. 
 
(c) 
The entries maintained in 
the accounts maintained 
pursuant to subsections (a) and 
(b) 
above 
shall 
be 
prima 
facie
 
evidence 
of 
the 
existence 
and 
amounts 
of 
the 
Obligations 
therein 

-40-
recorded; 
provided, 
however, 
that 
the 
failure 
of 
the 
Administrative 
Agent 
or 
any 
Lender 
to 
maintain such 
accounts or 
any error 
therein shall 
not in 
any manner 
affect 
the obligation 
of the 
Borrower to repay the Obligations in accordance with their terms. 
 
(d) 
Any Lender may request 
that its Loans be 
evidenced by a promissory 
note or notes in 
the forms of 
Exhibit D-1 (in 
the case of 
its Revolving Loans 
and referred to 
herein as a 
“Revolving 
Note”
), or D-2 
(in the case 
of its Swingline 
Loans and referred 
to herein as 
a 
“Swing Note”
), as 
applicable (the Revolving 
Notes and Swing 
Note being hereinafter 
referred to collectively 
as the 
“Notes”
 
and individually 
as a 
“Note”
). 
In such 
event, the 
Borrower shall 
prepare, execute 
and 
deliver to such Lender a 
Note payable to such Lender 
or its registered assigns in 
the amount of the 
relevant Commitment, or 
Swingline Sublimit, as 
applicable. 
Thereafter, the 
Loans evidenced by 
such Note or Notes and interest thereon 
shall at all times (including after any 
assignment pursuant 
to 
Section 13.2) 
be 
represented 
by 
one 
or 
more 
Notes 
payable to 
the 
order 
of 
the 
payee 
named 
therein 
or 
any 
assignee 
pursuant 
to 
Section 13.2, 
except 
to 
the 
extent 
that 
any 
such 
Lender 
or 
assignee subsequently 
returns any 
such Note 
for cancellation 
and requests 
that such 
Loans once 
again be evidenced as described in subsections (a) and (b) above. 
Section 2.11. 
Commitment Terminations 
. 
 
(a) 
Optional Revolving 
Credit 
Terminations. 

The Borrower 
shall have 
the right 
at any 
time and from time to 
time, upon five (5) Business Days 
prior written notice to the 
Administrative 
Agent 
(or 
such 
shorter 
period 
of 
time 
agreed 
to 
by 
the 
Administrative 
Agent), 
to 
terminate 
the 
Revolving Credit 
Commitments without 
premium or 
penalty and 
in whole 
or in 
part, any 
partial 
termination 
to 
be 
(i) in 
an 
amount 
not 
less 
than 
$5,000,000 
or 
any 
whole 
multiple 
thereof 
and 
(ii) allocated ratably 
among the 
Lenders in 
proportion to 
their respective 
Revolver 
Percentages, 
provided that the Revolving 
Credit Commitments may not 
be reduced to an 
amount less than the 
sum of 
the aggregate 
principal amount 
of Swingline 
Loans, Revolving 
Loans, and 
L/C Obligations 
then outstanding. 
Any termination of the 
Revolving Credit Commitments below 
the L/C Sublimit 
or the Swingline Sublimit then in effect shall 
reduce the L/C Sublimit and Swingline Sublimit, as 
applicable, by a like 
amount. 
The Administrative Agent shall 
give prompt notice to each 
Lender 
of any such termination of the Revolving Credit Commitments. 
 
(b) 
Any termination of the Revolving Credit Commitments pursuant to this Section may 
not be reinstated. 
Section 2.12. 
Replacement 
of 
Lenders
. 
If 
any 
Lender 
requests 
compensation 
under 
Section 4.4, or if the Borrower is required to pay any Indemnified Taxes 
or additional amounts to 
any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.1 
and, in each case, 
such Lender has declined 
or is unable to 
designate a different 
lending office in 
accordance with Section 4.7, 
or if any 
Lender is a 
Defaulting Lender or 
a Non-Consenting Lender, 
then 
the 
Borrower 
may, 
at 
its 
sole 
expense 
and 
effort, 
upon 
notice 
to 
such 
Lender 
and 
the 
Administrative Agent, 
require such 
Lender to 
assign and 
delegate, without 
recourse (in 
accordance 
with and subject to the restrictions contained in, and consents required by, Section 13.2), all of its 
interests, rights (other 
than its existing 
rights to payments 
pursuant to Section 4.1 
or Section 4.4) 
and obligations 
under this Agreement 
and the 
related Loan 
Documents to an 
Eligible Assignee that 

-41-
shall assume 
such obligations 
(which assignee 
may be 
another Lender, 
if a 
Lender accepts 
such 
assignment); 
provided 
that: 
 
(i) 
the Borrower 
shall have 
paid to 
the Administrative 
Agent the 
assignment 
fee (if any) specified in Section 13.2;
 
(ii) 
such 
Lender 
shall 
have 
received 
payment 
of 
an 
amount 
equal 
to 
the 
outstanding principal 
of its 
Loans and 
funded participations 
in L/C 
Obligations, accrued 
interest thereon, accrued fees 
and all other amounts 
payable to it hereunder 
and under the 
other Loan Documents (including any amounts under Section
4.5 as if the Loans owing to 
it were prepaid 
rather than assigned) 
from the assignee 
(to the extent 
of such outstanding 
principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 
 
(iii) 
in the case of any such assignment 
resulting from a claim for compensation 
under 
Section 4.4 
or 
payments 
required 
to 
be 
made 
pursuant 
to 
Section 4.1, 
such 
assignment will result in a reduction in such compensation or payments thereafter; 
 
(iv) 
such assignment does not conflict with applicable law; and 
 
(v) 
in 
the 
case 
of 
any 
assignment 
resulting 
from 
a 
Lender 
becoming 
a 
Non-Consenting 
Lender, 
the 
applicable 
assignee 
shall 
have 
consented 
to 
the 
applicable 
amendment, waiver or consent. 
A Lender shall not be 
required to make any such 
assignment or delegation if, prior 
thereto, 
as a 
result of 
a waiver 
by such 
Lender or 
otherwise, the 
circumstances entitling 
the Borrower 
to 
require such assignment and delegation cease to apply. 
Section 2.13. 
Defaulting Lenders. 
 
(a) 
Defaulting Lender Adjustments.
 
Notwithstanding anything to the contrary contained 
in 
this 
Agreement, 
if 
any 
Lender 
becomes 
a 
Defaulting 
Lender, 
then, 
until 
such 
time 
as 
such 
Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 
(i) 
Waivers 
and Amendments
. 
Such Defaulting 
Lender’s 
right to 
approve 
or 
disapprove 
any 
amendment, 
waiver 
or 
consent 
with 
respect 
to 
this 
Agreement 
shall 
be 
restricted as set forth in the definition of Required Lenders. 

 
(ii) 
Defaulting 
Lender 
Waterfall
. 
Any 
payment 
of 
principal, 
interest, 
fees 
or 
other 
amounts 
received 
by 
the 
Administrative 
Agent 
for 
the account 
of 
such 
Defaulting 
Lender (whether voluntary or 
mandatory, 
at maturity, 
pursuant to Section 9 or 
otherwise) 
or received 
by the 
Administrative Agent 
from a 
Defaulting Lender 
pursuant to 
Section 13.7 
hereto shall be 
applied at such 
time or times 
as may be 
determined by the 
Administrative 
Agent as follows: 
first
, to the 
payment of any 
amounts owing by 
such Defaulting Lender 
to the Administrative 
Agent hereunder; 
second
, to the 
payment on a 
pro rata basis 
of any 
amounts 
owing 
by 
such 
Defaulting 
Lender 
to 
any 
L/C 
Issuer 
or 
the 
Swingline 
Lender 
hereunder; 
third
, to Cash Collateralize the L/C Issuer’s 
Fronting Exposure with respect to 

-42-
such 
Defaulting 
Lender 
in 
accordance 
with 
Section 2.14; 
fourth
, 
as 
the 
Borrower 
may 
request (so long as no Default exists), to the funding of any Loan in respect of which such 
Defaulting Lender has 
failed to fund its 
portion thereof as required 
by this Agreement, as 
determined 
by 
the 
Administrative 
Agent; 
fifth
, 
if 
so 
determined 
by 
the 
Administrative 
Agent and the 
Borrower, to 
be held in 
a deposit account 
and released pro 
rata in 
order to 
(x) satisfy 
such 
Defaulting 
Lender’s 
potential 
future 
funding 
obligations 
with 
respect 
to 
Loans 
under this 
Agreement 
and 
(y) Cash 
Collateralize 
the L/C 
Issuer’s 
future 
Fronting 
Exposure with 
respect to 
such Defaulting 
Lender with 
respect to 
future Letters 
of Credit 
issued under this Agreement, 
in accordance with Section 2.14; 
sixth
, to the 
payment of any 
amounts owing 
to the 
Lenders, the 
L/C Issuer 
or the 
Swingline Lender 
as a 
result of 
any 
judgment of 
a court 
of competent 
jurisdiction obtained 
by any 
Lender, 
the L/C 
Issuer or 
the 
Swingline 
Lender 
against 
such 
Defaulting 
Lender 
as 
a 
result 
of 
such 
Defaulting 
Lender’s 
breach 
of 
its 
obligations 
under 
this 
Agreement; 
seventh
, 
so 
long as 
no 
Default 
exists, to the 
payment of any 
amounts owing to 
the Borrower as 
a result of 
any judgment 
of 
a 
court 
of 
competent 
jurisdiction 
obtained 
by 
the 
Borrower 
against 
such 
Defaulting 
Lender 
as 
a 
result 
of 
such 
Defaulting 
Lender’s 
breach 
of 
its 
obligations 
under 
this 
Agreement; and 
eighth
, to 
such Defaulting 
Lender or 
as otherwise 
directed by 
a court 
of 
competent 
jurisdiction; 
provided
 
that 
if 
(x) 
such 
payment 
is 
a 
payment 
of 
the 
principal 
amount of any 
Loans or L/C 
Obligations in 
respect of 
which such Defaulting 
Lender has 
not fully funded its appropriate share, and (y) such Loans were made or 
the related Letters 
of Credit were issued 
at a time when 
the conditions set forth 
in Section 7.1 were satisfied 
or waived, such payment shall be 
applied solely to pay the Loans of, 
and L/C Obligations 
owed 
to, 
all 
Non-Defaulting 
Lenders 
on 
a 
pro 
rata 
basis 
prior 
to 
being 
applied 
to 
the 
payment of any 
Loans of, or 
L/C Obligations owed to, 
such Defaulting Lender 
until such 
time as 
all Loans 
and funded 
and unfunded 
participations in 
L/C Obligations 
and Swingline 
Loans are held by 
the Lenders pro rata 
in accordance with their 
Percentages of the relevant 
Commitments 
without 
giving 
effect 
to 
Section 2.13(a)(iv) 
below. 
Any 
payments, 
prepayments or other amounts 
paid or payable to a 
Defaulting Lender that are 
applied (or 
held) to pay 
amounts owed by 
a Defaulting Lender or 
to post Cash 
Collateral pursuant to 
this Section 2.13(a)(ii) shall be deemed paid to 
and redirected by such Defaulting Lender, 
and each Lender irrevocably consents hereto. 
 
(iii) 
Certain Fees
. 

 
(A) 
No Defaulting 
Lender shall 
be entitled 
to receive 
any commitment 
fee 
for 
any 
period 
during 
which 
that 
Lender 
is 
a 
Defaulting 
Lender 
(and 
the 
Borrower shall not be required to pay any 
such fee that otherwise would have been 
required to have been paid to that Defaulting Lender). 

 
(B) 
Each Defaulting 
Lender shall 
be entitled 
to receive 
L/C Participation 
Fees for 
any period 
during which 
that Lender 
is a 
Defaulting Lender 
only to 
the 
extent allocable to 
its Percentage of 
the stated 
amount of 
Letters of 
Credit for 
which 
it has provided Cash Collateral pursuant to Section 2.14. 
 
(C) 
With respect to any L/C Participation Fee not required to be paid to 
any Defaulting Lender pursuant to 
clause (B) above, the Borrower shall (x) pay 
to 

-43-
each Non-Defaulting Lender that 
portion of any 
such fee otherwise payable 
to such 
Defaulting 
Lender 
with 
respect 
to 
such 
Defaulting 
Lender’s 
participation 
in 
L/C Obligations 
or 
Swingline 
Loans 
that 
has 
been 
reallocated 
to 
such 
Non-Defaulting Lender 
pursuant to 
clause (iv) below, 
(y) pay 
to each 
L/C Issuer 
and Swingline Lender, as applicable, 
the amount of any 
such fee otherwise payable 
to such Defaulting Lender to the extent 
allocable to such L/C Issuer’s or Swingline 
Lender’s Fronting 
Exposure to such 
Defaulting Lender, 
and (z) not 
be required to 
pay the remaining amount of any such fee.
 
(iv) 
Reallocation 
of 
Participations 
to 
Reduce 
Fronting 
Exposure
. 
All 
or 
any 
part 
of 
such 
Defaulting 
Lender’s 
participation 
in 
L/C 
Obligations 
and 
Swingline 
Loans 
shall be reallocated 
among the Non-Defaulting 
Lenders in accordance 
with their respective 
Percentages 
of 
the 
relevant 
Commitments 
(calculated 
without 
regard 
to 
such 
Defaulting 
Lender’s 
Commitments) 
but 
only 
to 
the 
extent 
that 
(x) 
the 
conditions 
set 
forth 
in 
Section 7.1 
are 
satisfied at 
the 
time of 
such 
reallocation 
(and, unless 
the Borrower 
shall 
have 
otherwise 
notified 
the 
Administrative 
Agent 
at 
such 
time, 
the 
Borrower 
shall 
be 
deemed to have represented and warranted that such conditions are satisfied at such time), 
and (y) 
such reallocation 
does not 
cause 
the aggregate 
Revolving Loans 
and interests 
in 
L/C 
Obligations 
and 
Swingline 
Loans 
of 
any 
Non-Defaulting 
Lender 
to 
exceed 
such 
Non-Defaulting 
Lender’s 
Revolving 
Credit 
Commitment. 
Subject 
to 
Section 13.21, 
no 
reallocation 
hereunder 
shall 
constitute 
a 
waiver 
or 
release 
of 
any 
claim 
of 
any 
party 
hereunder 
against 
a 
Defaulting 
Lender 
arising 
from 
that 
Lender 
having 
become 
a 
Defaulting 
Lender, 
including 
any 
claim 
of 
a 
Non-Defaulting 
Lender 
as 
a 
result 
of 
such 
Non-Defaulting Lender’s increased exposure following such reallocation. 
 
(v) 
Cash 
Collateral; 
Repayment 
of 
Swingline 
Loans
. 
If 
the 
reallocation 
described in clause 
(iv) above cannot, 
or can only 
partially, be effected, the Borrower 
shall, 
without prejudice 
to any 
right or 
remedy available 
to them 
hereunder or 
under law, (x) first, 
prepay Swingline Loans in an amount equal to the 
Swing Lender’s Fronting Exposure and 
(y) second, Cash Collateralize 
the L/C Issuer’s 
Fronting Exposure in accordance 
with the 
procedures set forth in Section 2.14. 
 
(b) 
Defaulting Lender 
Cure
. 
If the 
Borrower, 
the Administrative 
Agent, the 
Swingline 
Lender and 
each L/C 
Issuer agree 
in writing 
that a 
Lender is 
no longer 
a Defaulting 
Lender, 
the 
Administrative Agent will 
so notify the 
parties hereto, whereupon 
as of the 
effective date specified 
in such 
notice and 
subject to 
any conditions 
set forth 
therein (which 
may include 
arrangements 
with respect to any Cash 
Collateral), that Lender will, 
to the extent applicable, purchase 
at par that 
portion of outstanding Loans of the other 
Lenders or take such other actions as the 
Administrative 
Agent may determine to be necessary to 
cause the Loans and funded and unfunded 
participations 
in Letters 
of Credit 
and Swingline 
Loans to 
be held 
pro rata 
by the 
Lenders in 
accordance with 
their 
respective 
Percentages 
of 
the 
relevant 
Commitments 
(without 
giving 
effect 
to 
Section 2.13(a)(iv)), whereupon such 
Lender will cease 
to be a 
Defaulting Lender; 
provided
 
that 
no adjustments will be made retroactively 
with respect to fees accrued or 
payments made by or on 
behalf 
of 
the 
Borrower 
while 
that 
Lender 
was 
a 
Defaulting 
Lender; 
and 
provided
, 
further
, 
that 
except to the extent otherwise expressly agreed by the affected parties, no change hereunder from 

-44-
Defaulting Lender 
to Lender 
will constitute 
a waiver 
or release 
of any 
claim of 
any party 
hereunder 
arising from that Lender’s having been a Defaulting Lender. 
 
(c) 
New 
Swingline 
Loans/Letters 
of 
Credit
. 
So 
long 
as 
any 
Lender 
is 
a 
Defaulting 
Lender, 
(i) the Swingline 
Lender shall 
not be 
required to 
fund any 
Swingline 
Loans unless 
it is 
satisfied 
that 
it 
will 
have 
no 
Fronting 
Exposure 
after 
giving 
effect 
to 
such 
Swingline 
Loan 
and 
(ii) no L/C Issuer shall be required 
to issue, extend, renew or increase 
any Letter of Credit unless 
it is satisfied that it will have no Fronting Exposure after giving effect thereto.
Section 2.14. 
Cash Collateral for 
Fronting Exposure. 

At any time 
that there shall 
exist a 
Defaulting 
Lender, 
within 
one (1) 
Business 
Day 
following 
the 
written 
request 
of 
the 
Administrative Agent or 
any L/C Issuer 
(with a copy 
to the Administrative 
Agent) the Borrower 
shall Cash 
Collateralize the 
L/C Issuers’ 
Fronting Exposure 
with respect 
to such 
Defaulting Lender 
(determined after 
giving effect 
to Section 
2.13(a)(iv) and 
any Cash 
Collateral provided 
by such 
Defaulting Lender) in an amount not less than the Minimum Collateral Amount.
 
(a) 
Grant 
of 
Security 
Interest
. 
The 
Borrower, 
and 
to 
the 
extent 
provided 
by 
any 
Defaulting 
Lender, 
such 
Defaulting 
Lender, 
hereby 
grants 
to 
the 
Administrative 
Agent, 
for 
the 
benefit of the L/C 
Issuers, and agree to 
maintain, a first priority 
security interest in all 
such Cash 
Collateral as security 
for such Defaulting 
Lender’s obligation 
to fund participations 
in respect of 
L/C 
Obligations, 
to 
be 
applied 
pursuant 
to 
clause (b) 
below. 
If 
at 
any 
time 
the 
Administrative 
Agent determines that Cash Collateral is subject to any 
right or claim of any Person other than the 
Administrative Agent and 
the L/C Issuers 
as herein provided, 
or that the 
total amount of 
such Cash 
Collateral is 
less than 
the Minimum 
Collateral Amount, 
the Borrower 
shall, promptly 
upon demand 
by 
the 
Administrative 
Agent, 
pay 
or 
provide 
to 
the 
Administrative 
Agent 
additional 
Cash 
Collateral 
in 
an 
amount 
sufficient 
to 
eliminate 
such 
deficiency 
(after 
giving 
effect 
to 
any 
Cash 
Collateral provided by the Defaulting Lender). 
 
(b) 
Application
. 
Notwithstanding anything to the contrary contained in 
this Agreement, 
Cash 
Collateral 
provided 
under 
this 
Section 2.14 
or 
Section 2.13 
in 
respect 
of 
Letters 
of 
Credit 
shall be applied 
to the satisfaction 
of the Defaulting Lender’s 
obligation to fund 
participations in 
respect of L/C Obligations (including, as to Cash Collateral provided by a 
Defaulting Lender, any 
interest accrued 
on such 
obligation) for 
which the 
Cash Collateral 
was so 
provided, prior 
to any 
other application of such property as may otherwise be provided for herein. 
 
(c) 
Termination 
of 
Requirement
. 
Cash 
Collateral 
(or 
the 
appropriate 
portion 
thereof) 
provided to reduce 
any L/C Issuer’s 
Fronting Exposure 
shall no longer 
be required 
to be held 
as 
Cash 
Collateral 
pursuant 
to 
this 
Section 2.14(c) 
following 
(A) the 
elimination 
of 
the 
applicable 
Fronting 
Exposure 
(including 
by 
the 
termination 
of 
Defaulting 
Lender 
status 
of 
the 
applicable 
Lender), or 
(B) the determination 
by the 
Administrative Agent 
and each 
L/C Issuer 
that there 
exists 
excess 
Cash 
Collateral; 
provided
 
that, 
subject 
to 
Section 2.14, 
the 
Person 
providing 
Cash 
Collateral 
and 
each 
L/C 
Issuer 
may 
agree 
that 
Cash 
Collateral 
shall 
be 
held 
to 
support 
future 
anticipated 
Fronting 
Exposure 
or 
other 
obligations; 
and 
provided 
further 
that 
to 
the 
extent 
that 
such Cash Collateral was provided by 
the Borrower or any other Loan Party, such Cash Collateral 
shall remain subject to the security interest granted pursuant to the Loan Documents. 

-45-
Section 2.15. 
Increase 
in 
Revolving 
Credit 
Commitments; 
Making 
of 
Incremental 
Term 
Loans. 

The Borrower may, on any Business Day prior to the Revolving Credit Termination Date, 
with the 
written consent 
of the 
Administrative Agent, 
the L/C 
Issuer, 
and the 
Swingline Lender, 
increase the aggregate amount of 
the Revolving Credit Commitments and/or borrow 
one or more 
term loans 
(collectively, 
the “
Incremental 
Term 
Loans
”), in 
each case, 
by delivering 
an Increase 
Request substantially in the form attached hereto as Exhibit I (or in such other form acceptable to 
the Administrative Agent) to the Administrative Agent at least five (5) Business Days prior to the 
desired effective 
date of 
such increase 
(the 
“Increase”
) identifying 
an additional 
Lender, 
which 
qualifies as an Eligible Assignee (or additional Revolving Credit 
Commitments or a commitment 
to make Incremental Term 
Loans for an existing 
Lender) and the amount 
of its Revolving Credit 
Commitment 
or 
Incremental 
Term 
Loan 
(or, 
for 
an 
existing 
Lender, 
the 
amount 
of 
additional 
Revolving 
Credit 
Commitments 
or 
the 
amount 
of 
a 
commitment 
to 
make 
Incremental 
Term 
Loans); 
provided, however
, that:
 
(a) 
the aggregate 
amount of 
all such 
Increases shall 
not exceed 
$200,000,000 
and 
any 
such 
Increase 
shall 
be 
in 
an 
amount 
not 
less 
than 
$10,000,000 
(or 
such 
lesser 
amount then agreed to by the Administrative Agent); 
 
(b) 
no Default shall have occurred and be continuing 
at the time of the request 
or the effective date of 
the Increase and after 
giving pro forma effect to 
the use of proceeds 
thereof; and 
 
(c) 
each of the 
representations and warranties 
set forth in 
Section 6 and 
in the 
other Loan Documents shall be 
and remain true and correct 
in all material respects on 
the 
effective date of such Increase (where not 
already qualified by materiality, otherwise in all 
respects), except 
to the 
extent the 
same expressly 
relate to 
an earlier 
date, in 
which case 
they 
shall 
be 
true 
and 
correct 
in 
all 
material 
respects 
(where 
not 
already 
qualified 
by 
materiality, otherwise in all respects)
as of such earlier date. 
The effective 
date (the 
“Increase Date”
) of the 
Increase shall be 
agreed upon by 
the Borrowers, 
the 
Administrative 
Agent 
and 
the 
Lender(s) 
providing 
such 
Increase. 
Upon 
the 
Increase 
Date, 
Schedule 2.1/2.2 shall be deemed amended to 
reflect the Increase. 
With respect to an Increase in 
the Revolving Credit Commitments as described above, on 
the Increase Date, the new Revolving 
Lender(s) (or, 
if applicable, existing 
Lender(s)) shall advance 
Revolving Loans, as 
applicable, in 
an amount sufficient such 
that after giving effect 
to such advance(s) or 
loan(s) and the prepayment 
of Revolving Loans by any 
Lender(s) whose commitment is not 
increased, each Lender shall have 
outstanding 
its 
Revolver 
Percentage 
of 
Revolving 
Loans. 
It 
shall 
be 
a 
condition 
to 
such 
effectiveness that 
(A) if any 
Eurodollar Loans 
are outstanding 
on the 
date of 
such effectiveness, 
such Eurodollar Loans shall be deemed 
to be prepaid on such date 
and the Borrower shall pay any 
amounts 
owing 
to 
the 
Lenders 
pursuant 
to 
Section 4.5 
and 
(B) the 
Borrower 
shall 
not 
have 
terminated 
any 
portion 
of 
the 
Revolving 
Credit 
Commitments 
pursuant 
to 
Section 2.11. 
The 
Borrower agrees to pay 
the expenses of the 
Administrative Agent (including reasonable 
attorney’s 
fees) relating 
to any 
Increase. 
Notwithstanding anything 
herein to 
the contrary, 
no Lender 
shall 
have 
any 
obligation 
to 
increase 
its 
Revolving 
Credit 
Commitment 
or 
to 
make 
any 
Incremental 
Term Loan and no Lender’s Revolving Credit Commitment shall be increased without its consent 

-46-
thereto, and each Lender may at 
its option, unconditionally and without cause, 
decline to provide 
any Increase. 
Each Revolving 
Credit Increase 
shall be 
on the 
same terms 
(including pricing 
and maturity, 
but 
excluding 
customary 
arrangement, 
commitment, 
structuring 
and 
underwriting 
fees, 
and 
amendment fees 
not generally 
shared with 
other Lenders 
with respect 
to such 
Revolving Credit 
Increase) 
as 
the 
Revolving 
Credit 
Commitments 
outstanding 
prior 
to 
the 
Increase 
Date. 
Each 
Incremental Term Loan shall be on terms and conditions specified 
in an Incremental Amendment. 
Commitments 
in 
respect 
of 
Incremental 
Term 
Loans 
and 
increases 
in 
the 
Revolving 
Credit 
Commitment 
shall 
become commitments 
(or 
in the 
case 
of an 
increase in 
the Revolving 
Credit 
Commitment 
to 
be 
provided 
by 
an 
existing 
Lender, 
an 
increase 
in 
such 
Lender’s 
applicable 
Revolving Credit 
Commitment) under 
this Agreement 
pursuant to 
an amendment 
(an 
“Incremental 
Amendment”
) to this Agreement and, 
as appropriate, the other Loan 
Documents, executed by the 
Borrowers, each existing 
Lender agreeing to 
provide such Increase, 
if any, each additional Lender, 
if any, 
and the Administrative 
Agent. 
The Incremental Amendment 
may, 
without the consent 
of 
any other Lenders, 
effect such 
amendments to this 
Agreement and the 
other Loan Documents 
as 
may be 
necessary or 
appropriate, in 
the reasonable 
opinion of 
the Administrative 
Agent and 
the 
Borrowers, to effect the provisions of this Section 2.15. 
 
Section 2.16. 
Extension 
Option. 

(a) The 
Borrower 
may, 
by 
written 
notice 
to 
the 
Administrative 
Agent 
from 
time 
to 
time, 
request 
an 
extension 
(each, 
an 
“
Extension
”) 
of 
the 
Revolving 
Credit 
Termination 
Date 
and/or, 
if 
applicable, 
any 
maturity 
date 
applicable 
to 
any 
Incremental Term Loan to the extended maturity date specified in such request. 
Such notice shall 
set forth (i) the amount of the 
Revolving Credit Commitments and/or Incremental Term 
Loans to 
be 
extended 
(which 
shall 
be 
in 
minimum 
increments 
of 
$5,000,000 
and 
a 
minimum 
of 
$10,000,000) and 
(ii) the 
date on 
which such 
Extension is 
requested to 
become effective 
(which 
date shall not be less 
than ten (10) Business Days 
nor more than sixty (60) 
days after after the date 
of such requested 
Extension (or such 
longer or shorter 
periods as the 
Administrative Agent shall 
agree). 
Each Lender shall be offered (an 
“
Extension Offer
”) an opportunity to participate in such 
Extension on a pro rata basis and on the same terms and conditions as each other Lender pursuant 
to procedures established by, or reasonably acceptable to, the Administrative Agent. 
Any Lender 
approached 
to 
participate 
in 
such 
Extension 
may 
elect 
or 
decline, 
in 
its 
sole 
discretion, 
to 
participate 
in 
such 
Extension 
(it 
being 
understood 
that 
if 
a 
Lender 
shall 
fail 
to 
respond 
to 
any 
request for participation in an Extension within five (5) Business Days of receipt of the Extension 
Offer, 
such 
Lender 
shall 
be 
deemed 
to 
have 
declined 
to 
participate 
in 
such 
Extension). 
If 
the 
aggregate 
principal 
amount 
of 
Revolving 
Credit 
Commitments 
or 
Incremental 
Term 
Loans, 
(calculated 
on 
the 
face 
amount 
thereof), 
as 
applicable, 
in 
respect 
of 
which 
Lenders 
shall 
have 
accepted the relevant 
Extension Offer 
shall exceed 
the maximum aggregate 
principal amount of 
the 
Revolving 
Credit 
Commitment 
or 
Incremental 
Term 
Loan, 
as 
applicable, 
requested 
to 
be 
extended 
by 
the 
Borrower 
pursuant 
to 
the 
Extension 
Offer, 
then 
the 
Revolving 
Credit 
Commitments or Incremental Term 
Loans, as applicable of the Lenders 
shall be extended ratably 
up to such maximum amount 
based on the respective principal 
amounts (but not to exceed 
actual 
holdings of record) with respect to which such Lenders have accepted such Extension Offer. 

-47-
 
(b) 
It 
shall be 
a condition 
precedent to 
the effectiveness 
of any 
Extension 
that: 
(i) 
no 
Default shall have occurred and 
be continuing immediately prior to 
and immediately after giving 
effect 
to such 
Extension, (ii) 
the representations 
and warranties 
of the 
Borrower and 
each other 
Loan Party 
contained in 
Section 6 
or any 
other Loan 
Document, 
or which 
are contained 
in any 
document furnished 
at any 
time under 
or in 
connection herewith 
or therewith, 
shall be 
true and 
correct in all material 
respects (and in all 
respects if any such 
representation or warranty is 
already 
qualified 
by 
materiality 
or 
reference 
to 
Material 
Adverse 
Effect) 
on 
and 
as 
of 
the 
date 
of 
such 
Extension, 
except 
to 
the 
extent 
that 
such 
representations 
and 
warranties 
specifically 
refer 
to 
an 
earlier date, 
in which case, 
they shall 
be true and 
correct in all 
material respects (and 
in all respects 
if any such representation 
or warranty is already 
qualified by materiality or 
reference to Material 
Adverse Effect) 
as of 
such earlier 
date, (iii) 
the L/C 
Issuer and 
the Swingline 
Lender shall 
have 
consented to any Extension of the Revolving Credit Commitments if such Extension provides 
for 
the issuance of 
Letters of Credit 
or the making 
of Swingline Loans 
at any time 
during the extended 
period, and (iv) the terms of such Extension shall comply with Section 2.16(c). 
 
(c) 
The terms of each Extension shall be determined by the Borrower 
and the applicable 
extending Lenders and be set forth in an 
Additional Credit Extension Amendment, provided, that 
(i) the 
final maturity 
date of 
any Extended 
Revolving Credit 
Commitment or 
Extended Incremental 
Term 
Loan shall 
be no 
earlier than 
the Revolving 
Credit Termination 
Date or 
the maturity 
date 
applicable to 
the existing 
Incremental Term Loans, 
(ii)(A) there shall 
be no 
scheduled amortization 
of 
the 
Extended 
Revolving 
Credit 
Commitments 
and 
(B) 
the 
scheduled 
amortization 
of 
the 
Extended 
Incremental 
Term 
Loans 
shall 
be 
as 
agreed 
among 
the 
Borrower 
and 
the 
Lenders 
providing such Extended Incremental 
Term Loans, (iii)(A) the Extended Revolving Loans 
and the 
Extended 
Incremental Term 
Loans will 
rank pari 
passu in 
right of 
payment with 
the Revolving 
Loans and the Incremental 
Term 
Loans being extended, and 
(B) the borrower and 
the guarantors 
of 
the 
Extended 
Revolving 
Credit 
Commitments 
or 
the 
Extended 
Incremental 
Term 
Loans, 
as 
applicable, 
shall 
be 
the 
Borrower 
and 
the 
Guarantors, 
(iv) the 
interest 
rate 
margins 
and 
fees 
applicable to any 
Extended Revolving Credit 
Commitments (and the 
Extended Revolving Loans 
thereunder) 
and 
Extended 
Incremental 
Loans 
shall 
be 
determined 
by 
the 
Borrower 
and 
the 
applicable extending 
Lenders, and 
(v) to 
the extent 
the terms 
of the 
Extended Revolving 
Credit 
Commitments or 
Extended Incremental 
Term Loans are 
inconsistent with 
the terms 
set forth 
herein 
(except as set 
forth in clauses 
(i) through (iv) 
above), such terms 
shall be reasonably 
satisfactory 
to the Administrative Agent. 
 
(d) 
In connection with any Extension, the Borrower, the Administrative 
Agent and each 
applicable extending Lender shall 
execute and deliver to 
the Administrative Agent an 
Additional 
Credit 
Extension 
Amendment 
and 
such 
other 
documentation 
as 
the 
Administrative 
Agent 
shall 
reasonably 
specify 
to 
evidence 
the Extension. 
The Administrative 
Agent shall 
promptly 
notify 
each 
Lender 
as 
to 
the 
effectiveness 
of 
each 
Extension. 
Notwithstanding 
anything 
herein 
to 
the 
contrary, 
any 
Additional 
Credit 
Extension 
Amendment 
may, 
without 
the 
consent 
of 
any 
other 
Lender, 
effect 
such 
amendment 
to 
this 
Agreement 
and 
the 
other 
Loan 
Documents 
as 
may 
be 
necessary or appropriate (but only to 
such extent), in the reasonable opinion of 
the Administrative 
Agent 
and 
the 
Borrower, 
to 
implement 
the 
terms 
of 
any 
such 
Extension 
Offer, 
including 
any 
amendments 
necessary 
to 
establish 
Extended 
Revolving 
Credit 
Commitments 
or 
Extended 
Incremental Term Loans as a 
new tranche of 
Revolving Credit Commitments 
or Incremental Term 
Loan, as applicable, 
and such other 
technical amendments as 
may be necessary 
or appropriate in 

-48-
the 
reasonable 
opinion 
of 
the 
Administrative 
Agent 
and 
the 
Borrower 
in 
connection 
with 
the 
establishment of 
such new 
tranche (including 
to preserve 
the pro 
rata treatment 
of the 
extended 
and 
non-extended 
tranches 
and 
to 
provide 
for 
the 
reallocation 
of 
any 
L/C 
Obligations 
or 
obligations under Swingline Loans 
upon the expiration or 
termination of the commitments 
under 
any tranche), in each case on terms consistent with this Section 2.16. 
 
(e) 
This Section 2.16 shall supersede any provisions of Section 13.3 to the contrary. 
S
ECTION
 
3. 
F
EES
. 
Section 3.1. 
Fees. 
 
(a) 
Revolving 
Credit 
Commitment 
Fee
. 
The 
Borrower 
shall 
pay to 
the 
Administrative 
Agent 
for 
the 
ratable 
account 
of 
the 
Lenders 
in 
accordance 
with 
their 
Revolver 
Percentages 
a 
commitment fee at the rate per annum 
equal to the Applicable Margin (computed on 
the basis of a 
year 
of 
360 days 
and 
the 
actual 
number 
of 
days 
elapsed) 
times 
the 
daily 
amount 
by 
which 
the 
aggregate Revolving Credit Commitments exceeds 
the principal amount of Revolving 
Loans and 
L/C Obligations then outstanding. 
For the avoidance of doubt, the principal amount of Swingline 
Loans shall not be 
counted towards or considered 
usage of the Revolving 
Credit Commitments for 
purposes of 
this Section. 
Such commitment 
fee shall 
be payable 
quarterly in 
arrears on 
the last 
day of each 
March, June, September, 
and December 
in each year 
(commencing on the 
first such 
date occurring after 
the Closing Date) 
and on the 
Revolving Credit Termination 
Date, unless the 
Revolving 
Credit 
Commitments 
are 
terminated 
in 
whole 
on 
an 
earlier 
date, 
in 
which 
event 
the 
commitment fee for 
the period to 
the date of 
such termination in 
whole shall be 
paid on the 
date 
of such termination. 
 
(b) 
Letter of Credit Fees.
 
On the date 
of issuance or 
extension, or increase 
in the amount, 
of any Letter 
of Credit pursuant 
to Section 1.3, the 
Borrower shall pay 
to the L/C Issuer 
for its own 
account a fronting fee 
equal to 0.125% of 
the face amount of 
(or of the increase 
in the face amount 
of) such 
Letter of 
Credit. 
Quarterly in 
arrears, on 
the last 
day of 
each March, 
June, September, 
and December, commencing on the first such date occurring after the Closing Date, the Borrower 
shall pay 
to the 
Administrative Agent, 
for the 
ratable benefit 
of the 
Lenders in 
accordance with 
their Revolver Percentages, a 
letter of credit fee (the 
“L/C Participation Fee”
) at a rate 
per annum 
equal to 
the Applicable 
Margin (computed on 
the basis 
of a 
year of 
360 days and 
the actual 
number 
of days elapsed) in 
effect during each day of 
such quarter applied to 
the daily average face 
amount 
of Letters 
of Credit 
outstanding during 
such quarter. 
In addition, 
the Borrower 
shall pay 
to the 
L/C Issuer 
for 
its 
own 
account 
the 
L/C Issuer’s 
standard 
issuance, 
drawing, 
negotiation, 
amendment, assignment, and other 
administrative fees for each Letter 
of Credit as established by 
the L/C Issuer from time to time. 

 
(c) 
Administrative Agent Fees
. 
The Borrower shall pay to the Administrative Agent, for 
its own use and benefit, the fees agreed to between the Administrative Agent and the Borrower in 
a letter dated as of the date hereof, or as otherwise agreed to in writing between them. 

-49-
S
ECTION
 
4. 
T
AXES
;
C
HANGE IN 
C
IRCUMSTANCES
,
I
NCREASED 
C
OSTS
,
 
AND 
F
UNDING 
I
NDEMNITY
 
Section 4.1. 
Taxes 
. 
 
(a) 
Certain Defined Terms. 

For purposes of 
this Section, the 
term “Lender” includes 
any 
L/C Issuer and the term “applicable law” includes FATCA. 
 
(b) 
Payments Free 
of Taxes. 

Any and 
all payments 
by or 
on account 
of any 
obligation 
of any Loan Party under any Loan Document shall be made without deduction or withholding for 
any Taxes, except as required by applicable law. 
If any applicable law (as determined in 
the good 
faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any 
Tax from any such payment by a 
Withholding Agent, then the 
applicable Withholding Agent shall 
be entitled to make 
such deduction or withholding 
and shall timely pay 
the full amount deducted 
or withheld to 
the relevant Governmental Authority 
in accordance with applicable 
law and, if 
such 
Tax 
is an Indemnified Tax, 
then the sum payable by 
the applicable Loan Party 
shall be increased 
as necessary so 
that after such 
deduction or withholding 
has been made 
(including such 
deductions 
and 
withholdings 
applicable 
to 
additional 
sums 
payable 
under 
this 
Section) 
the 
applicable 
Recipient receives 
an amount 
equal to 
the sum 
it would 
have received 
had no 
such deduction 
or 
withholding been made. 
 
(c) 
Payment of 
Other Taxes 
by the 
Loan Parties. 

The Loan 
Parties shall 
timely pay 
to 
the 
relevant 
Governmental 
Authority in 
accordance 
with 
applicable 
law, 
or 
at 
the 
option 
of 
the 
Administrative Agent timely reimburse it for the payment of, any Other Taxes. 
 
(d) 
Indemnification 
by 
the 
Loan 
Parties. 

The 
Loan 
Parties 
shall 
jointly 
and 
severally 
indemnify each Recipient, 
within thirty (30) days 
after demand therefor, for 
the full amount 
of any 
Indemnified Taxes (including 
Indemnified Taxes imposed 
or asserted 
on or 
attributable to 
amounts 
payable 
under 
this 
Section) 
payable 
or 
paid 
by 
such 
Recipient 
or 
required 
to 
be 
withheld 
or 
deducted from a 
payment to such 
Recipient and any 
reasonable expenses arising 
therefrom or with 
respect 
thereto, 
whether 
or 
not 
such 
Indemnified 
Taxes 
were 
correctly 
or 
legally 
imposed 
or 
asserted by the relevant Governmental Authority. 
A certificate as to the amount of such payment 
or liability delivered to 
the Borrower by a 
Lender (with a copy 
to the Administrative Agent), 
or by 
the Administrative 
Agent on 
its own 
behalf or 
on behalf 
of a 
Lender, 
shall be 
conclusive absent 
manifest error. 
 
(e) 
Indemnification 
by 
the 
Lenders. 

Each 
Lender 
shall 
severally 
indemnify 
the 
Administrative Agent, 
within ten (10) 
days after 
demand therefor, 
for (i) any 
Indemnified Taxes 
or 
Other 
Taxes 
attributable 
to 
such 
Lender 
(but 
only 
to 
the 
extent 
that 
any 
Loan 
Party 
has 
not 
already 
indemnified 
the 
Administrative 
Agent 
for 
such 
Indemnified 
Taxes 
or 
Other 
Taxes 
and 
without 
limiting the 
obligation 
of the 
Loan Parties 
to do 
so), (ii) 
any Taxes 
attributable to 
such 
Lender’s failure to comply with the provisions of Section 13.2(d) relating to the maintenance of a 
Participant Register and 
(iii) any Excluded 
Taxes attributable to such Lender, in 
each case, that 
are 
payable 
or 
paid 
by 
the 
Administrative 
Agent 
in 
connection 
with 
any 
Loan 
Document, 
and 
any 
reasonable 
expenses 
arising 
therefrom 
or 
with 
respect 
thereto, 
whether 
or 
not 
such 
Taxes 
were 
correctly or legally imposed or asserted by the relevant Governmental Authority. 
A certificate as 

-50-
to the 
amount of 
such payment 
or liability 
delivered to 
any Lender 
by the 
Administrative Agent 
shall 
be 
conclusive 
absent 
manifest 
error. 
Each 
Lender 
hereby 
authorizes 
the 
Administrative 
Agent to set off and apply any and all 
amounts at any time owing to such Lender under any Loan 
Document or otherwise payable by the Administrative Agent to the Lender from any other source 
against any amount due to the Administrative Agent under this subsection (e). 
 
(f) 
Evidence 
of 
Payments. 
As 
soon 
as 
practicable 
after 
any 
payment 
of 
Taxes 
by 
any 
Loan Party to a Governmental Authority pursuant to this Section, such Loan Party shall deliver 
to 
the Administrative Agent the 
original or a certified 
copy of a receipt 
issued by such Governmental 
Authority evidencing such 
payment, a copy 
of the return 
reporting such payment 
or other evidence 
of such payment reasonably satisfactory to the Administrative Agent. 
 
(g) 
Status of Lenders. 

(i) Any Lender that is entitled to 
an exemption from or reduction 
of withholding Tax 
with respect to payments made under any Loan Document shall deliver to the 
Borrower and 
the Administrative 
Agent, at 
the time 
or times 
reasonably requested 
by the 
Borrower 
or 
the 
Administrative 
Agent, 
such 
properly 
completed 
and 
executed 
documentation 
reasonably 
requested by the Borrower 
or the Administrative Agent 
as will permit such payments 
to be made 
without withholding 
or at 
a reduced 
rate of 
withholding. 
In addition, 
any Lender, 
if reasonably 
requested by 
the Borrower 
or the 
Administrative Agent, 
shall deliver 
such other 
documentation 
prescribed by applicable 
law or reasonably 
requested by the 
Borrower or 
the Administrative Agent 
as will enable the Borrower or the Administrative Agent to determine whether or not such Lender 
is subject 
to backup 
withholding or 
information reporting 
requirements. 
Notwithstanding anything 
to the contrary in the preceding two 
sentences, the completion, execution and submission of 
such 
documentation (other 
than such 
documentation set 
forth in 
Section 4.1(g)(ii)(A), (ii)(B) 
and (ii)(D) 
below) shall not be required if 
in the Lender’s reasonable judgment such 
completion, execution or 
submission 
would 
subject 
such 
Lender 
to 
any 
material 
unreimbursed 
cost 
or 
expense 
or 
would 
materially prejudice the legal or commercial position of such Lender. 
 
(ii) 
Without limiting the generality of the foregoing, 

 
(A) 
any 
Lender 
that 
is 
a 
U.S. 
Person 
shall 
deliver 
to 
the 
Borrower 
and 
the 
Administrative Agent 
on or 
prior to 
the date 
on which 
such Lender 
becomes a 
Lender under 
this 
Agreement 
(and 
from 
time 
to 
time 
thereafter 
upon 
the 
reasonable 
request 
of 
the 
Borrower 
or 
the 
Administrative 
Agent), 
executed 
originals 
of 
IRS 
Form 
W-9 
certifying 
that such Lender is exempt from U.S. federal backup withholding tax; 
 
(B) 
any Foreign Lender shall, to the extent it is legally entitled to 
do so, deliver 
to 
the 
Borrower 
and 
the 
Administrative 
Agent 
(in 
such 
number 
of 
copies 
as 
shall 
be 
requested by the recipient) on or 
prior to the date on which such 
Foreign Lender becomes 
a 
Lender 
under 
this 
Agreement 
(and 
from 
time 
to 
time 
thereafter 
upon 
the 
reasonable 
request 
of 
the 
Borrower 
or 
the 
Administrative 
Agent), 
whichever 
of 
the 
following 
is 
applicable: 
 
(i) 
in the case 
of a Foreign 
Lender claiming the 
benefits of an 
income 
tax 
treaty 
to 
which 
the 
United 
States 
is 
a 
party 
(x) with 
respect 
to 
payments 
of 
interest 
under 
any 
Loan 
Document, 
executed 
originals 
of 
IRS 
Form 
W-8BEN 

-51-
establishing 
an 
exemption 
from, 
or 
reduction 
of, 
U.S. 
federal 
withholding 
Tax 
pursuant to the “interest” article of such 
tax treaty and (y) with respect to any 
other 
applicable payments under 
any Loan Document, 
IRS Form W-8BEN 
establishing 
an exemption 
from, or 
reduction of, 
U.S. federal 
withholding Tax 
pursuant to 
the 
“business profits” or “other income” article of such tax treaty; 
 
(ii) 
executed originals of IRS Form W-8ECI; 
 
(iii) 
in 
the 
case 
of 
a 
Foreign 
Lender 
claiming 
the 
benefits 
of 
the 
exemption for portfolio interest 
under Section 881(c) of 
the Code, (x) a certificate 
substantially in 
the form 
of Exhibit 
H-1 to 
the effect 
that such 
Foreign Lender 
is 
not a “bank” 
within the meaning 
of Section 881(c)(3)(A) 
of the Code, 
a “10 percent 
shareholder” 
of 
the 
Borrower 
within 
the 
meaning 
of 
Section 
881(c)(3)(B) 
of 
the 
Code, 
or 
a 
“controlled 
foreign 
corporation” 
described 
in 
Section 881(c)(3)(C) 
of 
the Code (a 
“U.S. Tax 
Compliance Certificate”
) and (y) executed originals of IRS 
Form W-8BEN; or 
 
(iv) 
to the extent a Foreign Lender is not the beneficial owner, executed 
originals 
of 
IRS 
Form 
W-8IMY, 
accompanied 
by 
IRS 
Form 
W-8ECI, 
IRS 
Form W-8BEN, 
a 
U.S. 
Tax 
Compliance 
Certificate 
substantially 
in 
the 
form 
of 
Exhibit H-2 or 
Exhibit H-3, 
IRS Form 
W-9, and/or 
other certification 
documents 
from each beneficial owner, 
as applicable; 
provided 
that if the Foreign Lender is a 
partnership and one or more 
direct or indirect partners of 
such Foreign Lender are 
claiming 
the 
portfolio 
interest 
exemption, 
such 
Foreign 
Lender 
may 
provide 
a 
U.S. Tax Compliance Certificate substantially in the form of 
Exhibit H-4 on behalf 
of each such direct and indirect partner; 
 
(C) 
any Foreign Lender shall, to the extent it is legally entitled to do 
so, deliver 
to 
the 
Borrower 
and 
the 
Administrative 
Agent 
(in 
such 
number 
of 
copies 
as 
shall 
be 
requested by the recipient) on or 
prior to the date on which such 
Foreign Lender becomes 
a 
Lender 
under 
this 
Agreement 
(and 
from 
time 
to 
time 
thereafter 
upon 
the 
reasonable 
request of the 
Borrower or the 
Administrative Agent), executed 
originals of any 
other form 
prescribed by applicable law as a basis 
for claiming exemption from or a reduction in 
U.S. 
federal 
withholding 
Tax, 
duly 
completed, 
together 
with 
such 
supplementary 
documentation 
as 
may 
be 
prescribed 
by 
applicable 
law 
to 
permit 
the 
Borrower 
or 
the 
Administrative Agent to determine the withholding or deduction required to be made; and 
 
(D) 
if a payment made to a Lender 
under any Loan Document would be 
subject 
to U.S. federal withholding Tax imposed by FATCA 
if such Lender were to fail 
to comply 
with 
the 
applicable 
reporting 
requirements 
of 
FATCA 
(including 
those 
contained 
in 
Section 1471(b) 
or 1472(b) 
of the 
Code, as 
applicable), 
such Lender 
shall 
deliver to 
the 
Borrower and the Administrative Agent at the time or times prescribed by law and at such 
time 
or 
times 
reasonably 
requested 
by 
the 
Borrower 
or 
the 
Administrative 
Agent 
such 
documentation 
prescribed 
by 
applicable 
law 
(including 
as 
prescribed 
by 
Section 1471(b)(3)(C)(i) 
of 
the 
Code) 
and 
such 
additional 
documentation 
reasonably 
requested 
by 
the 
Borrower 
or 
the 
Administrative 
Agent 
as 
may 
be 
necessary 
for 
the 

-52-
Borrower 
and the 
Administrative Agent 
to comply 
with their 
obligations under 
FATCA 
and 
to 
determine 
that 
such 
Lender 
has 
complied 
with 
such 
Lender’s 
obligations 
under 
FATCA 
or to determine 
the amount to 
deduct and withhold 
from such payment. 
Solely for 
purposes 
of 
this 
clause (D), 
“FA
TCA” 
shall 
include 
any 
amendments 
made 
to 
FATCA 
after the date of this Agreement. 
Each 
Lender 
agrees 
that 
if 
any 
form 
or 
certification 
it 
previously 
delivered 
expires 
or 
becomes obsolete 
or inaccurate 
in any 
respect, it 
shall update 
such form 
or certification 
or promptly 
notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 
 
(h) 
Treatment of Certain Refunds. 

If any 
party receives 
a refund 
of any 
Taxes as to which 
it has been indemnified pursuant 
to this Section (including by the 
payment of additional amounts 
pursuant to 
this Section), 
it shall 
pay to 
the indemnifying 
party an 
amount equal 
to such 
refund 
(but only to 
the extent of 
indemnity payments made 
under this Section 
with respect to 
the Taxes 
giving rise 
to such 
refund), net 
of all 
out-of-pocket expenses 
(including Taxes) of 
such indemnified 
party and 
without interest 
(other than 
any interest 
paid by 
the relevant 
Governmental Authority 
with respect 
to such 
refund). 
Such indemnifying 
party, upon the 
request of 
such indemnified 
party, 
shall repay 
to such 
indemnified party 
the amount 
paid over 
pursuant to 
this subsection (h) 
(plus 
any penalties, 
interest or 
other charges 
imposed by 
the relevant 
Governmental Authority) 
in the 
event that 
such indemnified 
party is 
required to 
repay such 
refund to 
such Governmental 
Authority. 

Notwithstanding anything 
to the 
contrary in 
this subsection (h), 
in no 
event will 
the indemnified 
party be required 
to pay any 
amount to an 
indemnifying party pursuant 
to this subsection (h) 
the 
payment of which 
would place the 
indemnified party in 
a less favorable 
net after-Tax position than 
the 
indemnified 
party 
would 
have 
been 
in 
if 
the 
Tax 
subject 
to 
indemnification 
had 
not 
been 
deducted, withheld or otherwise 
imposed and the indemnification 
payments or additional amounts 
giving rise to such 
refund had never been 
paid. 
This subsection shall not 
be construed to require 
any indemnified 
party to 
make available 
its Tax 
returns (or 
any other 
information relating 
to its 
Taxes that it deems confidential) to the indemnifying party or any other Person. 
 
(i) 
Survival. 

Each party’s obligations under this Section
shall survive the resignation or 
replacement of the Administrative Agent 
or any assignment of rights 
by, or 
the replacement of, a 
Lender, 
the termination 
of the 
Commitments and 
the repayment, 
satisfaction or 
discharge 
of all 
obligations under any Loan Document. 
Section 4.2. 
Change of Law. 
 
Notwithstanding any other provisions of this Agreement or 
any other Loan Document, if at any time any Change in Law makes it unlawful for any Lender to 
make or continue to maintain any Eurodollar 
Loans or to perform its obligations as 
contemplated 
hereby, 
such 
Lender 
shall 
promptly 
give 
notice 
thereof 
to 
the 
Borrower 
and 
such 
Lender’s 
obligations to make or 
maintain Eurodollar Loans under 
this Agreement shall be 
suspended until 
it is 
no longer 
unlawful for 
such Lender 
to make 
or maintain 
Eurodollar Loans. 
The Borrower 
shall prepay on demand the 
outstanding principal amount of any 
such affected Eurodollar Loans, 
together 
with 
all 
interest 
accrued 
thereon 
and 
all 
other 
amounts 
then 
due 
and 
payable 
to 
such 
Lender under this Agreement; 
provided, however,
 
subject to all of the terms 
and conditions of this 
Agreement, the Borrower 
may then elect 
to borrow 
the principal amount 
of the affected 
Eurodollar 
Loans from such Lender by means of Base 
Rate Loans from such Lender, which Base Rate Loans 
shall not be made ratably by the Lenders but only from such affected Lender.

-53-
Section 4.3. 
Unavailability 
of 
Deposits 
or 
Inability 
to 
Ascertain, 
or 
Inadequacy 
of, 
LIBOR
. 
(a) 
Reserved
. 
 
(b) 
Replacing 
USD 
LIBOR. 

On 
March 
5, 
2021 
the 
Financial 
Conduct 
Authority 
(
“FCA”
), 
the 
regulatory 
supervisor 
of 
USD 
LIBOR’s 
administrator 
(
“IBA”
), 
announced 
in 
a 
public 
statement 
the 
future 
cessation 
or 
loss 
of 
representativeness 
of 
overnight/Spot 
Next, 
1-
month, 3-month, 6-month and 
12- month USD 
LIBOR tenor settings. 
On the earlier of 
(i) the date 
that 
all 
Available 
Tenors 
of 
USD 
LIBOR 
have 
either 
permanently 
or 
indefinitely 
ceased 
to 
be 
provided by IBA or have been announced by the FCA pursuant to public statement or publication 
of information 
to be 
no longer 
representative and 
(ii) the 
Benchmark Replacement 
Date relating 
to 
an 
Early 
Opt-in 
Election, 
if 
the 
then-current 
Benchmark 
is 
USD 
LIBOR, 
the 
Benchmark 
Replacement 
will 
replace 
such 
Benchmark 
for 
all 
purposes 
hereunder 
and 
under 
any 
Loan 
Document in 
respect of 
any setting 
of such 
Benchmark on 
such day 
and all 
subsequent settings 
without any 
amendment to, 
or further 
action or 
consent of 
any other 
party to 
this Agreement 
or 
any 
other 
Loan 
Document. 
If 
the 
Benchmark 
Replacement 
is 
Daily 
Simple 
SOFR, 
all 
interest 
payments will be payable on a quarterly basis. 
(c) 
Effect of 
Benchmark Transition Event. 

(i) Notwithstanding 
anything to 
the contrary 
herein 
or 
in 
any 
other 
Loan 
Document, 
if 
a 
Benchmark 
Transition 
Event 
or 
an 
Early 
Opt
-
in 
Election, as 
applicable, and 
its related 
Benchmark Replacement 
Date have 
occurred prior 
to the 
Reference Time in respect 
of any setting of the then
-
current Benchmark, then (x) if a Benchmark 
Replacement is determined 
in accordance 
with clause (1) 
or (2) of 
the definition of 
“Benchmark 
Replacement” for such Benchmark 
Replacement Date, such Benchmark 
Replacement will replace 
such 
Benchmark 
for 
all 
purposes 
hereunder 
and 
under 
any 
Loan 
Document 
in 
respect 
of 
such 
Benchmark 
setting 
and 
subsequent 
Benchmark 
settings 
without 
any 
amendment 
to, 
or 
further 
action or consent 
of any other 
party to, this 
Agreement or any 
other Loan Document 
and (y) if a 
Benchmark 
Replacement 
is 
determined 
in 
accordance 
with 
clause 
(3) 
of 
the 
definition 
of 
“Benchmark 
Replacement” 
for 
such 
Benchmark 
Replacement 
Date, 
such 
Benchmark 
Replacement 
will 
replace 
such 
Benchmark 
for 
all 
purposes 
hereunder 
and 
under 
any 
Loan 
Document 
in 
respect 
of 
any 
Benchmark 
setting 
at 
or 
after 
5:00 
p.m. 
(Chicago 
time) 
on 
the 
5th 
Business 
Day after 
the date 
notice of 
such 
Benchmark 
Replacement is 
provided 
to the 
Lenders 
without any 
amendment to, 
or further 
action or 
consent of 
any other 
party to, 
this Agreement 
or 
any 
other 
Loan Document 
so long 
as 
the Administrative 
Agent has 
not received, 
by such 
time, 
written 
notice 
of 
objection 
to 
such 
Benchmark 
Replacement 
from 
Lenders 
comprising 
the 
Required Lenders. 
 
(ii) 
Notwithstanding 
anything 
to 
the 
contrary 
herein 
or 
in 
any 
other 
Loan 
Document and subject to 
the proviso below in 
this paragraph, if a 
Term 
SOFR Event and 
its 
related 
Benchmark 
Replacement 
Date 
have 
occurred 
prior 
to 
the 
Reference 
Time 
in 
respect 
of 
any 
setting 
of 
the 
then
-
current 
Benchmark, 
then 
the 
applicable 
Benchmark 
Replacement will replace the then
-
current Benchmark for all purposes hereunder or under 
any 
Loan 
Document 
in 
respect 
of 
such 
Benchmark 
setting 
and 
subsequent 
Benchmark 
settings, without any amendment to, or further action or consent of any other party to, this 
Agreement or 
any other 
Loan Document; 
provided
 
that, this 
clause (ii) 
shall not 
be effective 
unless 
the 
Administrative 
Agent 
has 
delivered 
to 
the 
Lenders 
and 
the 
Borrower 
a 
Term 
SOFR Notice. 

-54-
 
(iii) 
In connection 
with the 
implementation of 
a Benchmark 
Replacement, the 
Administrative 
Agent 
will 
have the 
right 
to make 
Benchmark Replacement 
Conforming 
Changes from time to time 
and, notwithstanding anything to the 
contrary herein or in any 
other 
Loan 
Document, 
any 
amendments 
implementing 
such 
Benchmark 
Replacement 
Conforming Changes 
will become 
effective without 
any further 
action or 
consent of 
any 
other party to this Agreement or any other Loan Document. 
 
(iv) 
The 
Administrative 
Agent 
will 
promptly 
notify 
the 
Borrower 
and 
the 
Lenders 
of 
(A) any 
occurrence 
of 
a 
Benchmark 
Transition 
Event, 
Term 
SOFR 
Event 
or 
Early Opt
-
in Election, as applicable, and its 
related Benchmark Replacement Date, (B) the 
implementation of any Benchmark 
Replacement, (C) the effectiveness 
of any Benchmark 
Replacement 
Conforming 
Changes, 
(D) 
the 
removal 
or 
reinstatement 
of 
any 
tenor 
of 
a 
Benchmark pursuant to clause (v) below and (E) the commencement or conclusion 
of any 
Benchmark 
Unavailability 
Period. 
Any 
determination, 
decision 
or 
election 
that 
may 
be 
made 
by 
the 
Administrative 
Agent 
or, 
if 
applicable, 
any 
Lender 
(or 
group 
of 
Lenders) 
pursuant to this Section 4.3(c), including any determination with respect to a tenor, rate or 
adjustment or 
of the 
occurrence or 
non
-
occurrence of 
an event, 
circumstance or 
date and 
any 
decision 
to 
take 
or 
refrain 
from 
taking 
any 
action 
or 
any 
selection, 
will 
be 
made 
in 
good faith in its or their reasonable discretion giving due consideration to any selection or 
recommendation 
by 
the 
Relevant 
Governmental 
Body 
and 
to 
any 
prevailing 
market 
practices for U.S. 
Dollar-denominated syndicated 
credit facilities 
and shall be 
conclusive 
and binding absent manifest error without consent from any other party to this Agreement 
or any 
other Loan 
Document, except, 
in each 
case, as 
expressly required 
pursuant to 
this 
Section 
4.3(c). 
The 
parties 
hereto 
acknowledge 
that, 
on 
March 
5, 
2021, 
the 
ICE 
Benchmark Administration (the 
“IBA”
), the administrator 
of the London 
interbank offered 
rate (
“LIBOR Rate”
), stated that as a result 
of its not having access to 
input data necessary 
to calculate LIBOR 
Rate settings on 
a representative basis 
beyond the intended 
cessation 
dates set forth in such statement, it would have 
to cease publication of all 35 LIBOR Rate 
settings 
immediately 
after 
such 
dates. 
The 
IBA 
did 
not 
identify 
any 
successor 
administrator in 
its announcement. 
The IBA 
also noted 
that the 
U.K. Financial 
Conduct 
Authority (the 
“FCA”
), the 
regulatory supervisor 
for the 
IBA, could, 
at a 
later date, 
use 
proposed new 
powers to 
require the 
IBA to 
publish LIBOR 
Rate settings 
on a 
synthetic 
basis. 
The FCA also issued 
a separate announcement confirming 
that the IBA had 
notified 
the FCA 
of its 
intent to 
cease providing 
all LIBOR 
Rate settings. 
While the 
FCA stated 
that, subject to 
the establishment of 
the new proposed 
powers, it would 
consult on the 
issue 
of 
requiring 
the 
IBA 
to 
produce 
certain 
LIBOR 
Rate 
tenors 
on 
a 
synthetic 
basis, 
it 
confirmed 
that 
all 
35 
LIBOR 
Rate 
settings 
will 
either 
cease 
to 
be 
provided 
by 
any 
administrator or will no longer 
be representative as of the 
dates set forth in such 
statement. 
 
(v) 
Notwithstanding 
anything 
to 
the 
contrary 
herein 
or 
in 
any 
other 
Loan 
Document, at any time (including in 
connection with the implementation of 
a Benchmark 
Replacement), (A) if the then
-
current Benchmark is a term rate 
(including Term 
SOFR or 
LIBOR) and either (1) any tenor for such Benchmark is not displayed on a screen or other 
information 
service 
that 
publishes 
such 
rate 
from 
time 
to 
time 
as 
selected 
by 
the 
Administrative 
Agent 
in 
good 
faith 
and 
in 
its 
reasonable 
discretion 
giving 
due 
consideration 
to 
any 
prevailing 
market 
practice 
for 
U.S. 
Dollar-denominated 
syndicated 

-55-
credit facilities 
or (2) the 
regulatory supervisor 
for the 
administrator of 
such Benchmark 
has provided 
a public 
statement or 
publication of 
information announcing 
that any 
tenor 
for such Benchmark is 
or will be no 
longer representative, then the 
Administrative Agent 
may modify the definition of “Interest Period” for any Benchmark settings at or after such 
time 
to 
remove 
such 
unavailable 
or 
non
-
representative 
tenor 
and 
(B) 
if 
a 
tenor 
that 
was 
removed pursuant to 
clause (A) above 
either (1) is subsequently 
displayed on a 
screen or 
information service for a 
Benchmark (including a Benchmark 
Replacement) or (2) is 
not, 
or is no longer, subject to an 
announcement that it is or 
will no longer be representative 
for 
a Benchmark (including 
a Benchmark Replacement), 
then the Administrative 
Agent may 
modify the definition of 
“Interest Period” for all 
Benchmark settings at or 
after such time 
to reinstate such previously removed tenor. 
 
(vi) 
Upon 
the 
Borrower’s 
receipt 
of 
notice 
of 
the 
commencement 
of 
a 
Benchmark Unavailability Period, 
the Borrower may revoke 
any request for a 
Borrowing 
of, conversion to or 
continuation of Eurodollar Loans to 
be made, converted or continued 
during 
any 
Benchmark 
Unavailability 
Period 
and, 
failing 
that, 
the 
Borrowers 
will 
be 
deemed to have 
converted any such 
request into a 
request for a 
Borrowing of or 
conversion 
to 
Base 
Rate 
Loans. 
During 
any 
Benchmark 
Unavailability 
Period 
or 
at 
any 
time 
that 
a 
tenor for 
the then
-
current Benchmark 
is not 
an Available 
Tenor, 
the component 
of Base 
Rate 
based 
upon 
the 
then
-
current 
Benchmark 
or 
such 
tenor 
for 
such 
Benchmark, 
as 
applicable, will not be used in any determination of Base Rate. 
(vii) 
Certain Defined Terms
. 
As used in this Section 4.3(c): 

 
“Available Tenor”
 
means, as of any date of determination and with 
respect 
to 
the 
then
-
current 
Benchmark, 
as 
applicable, 
any 
tenor 
for 
such 
Benchmark or payment period for 
interest calculated with reference 
to such 
Benchmark, as applicable, that 
is or may be 
used for determining the 
length 
of 
an 
Interest 
Period 
pursuant 
to 
this 
Agreement 
as 
of 
such 
date 
and 
not 
including, for the avoidance of doubt, any tenor for such 
Benchmark that is 
then
-
removed from the 
definition of “Interest 
Period” pursuant to 
clause (v) 
of this Section 4.3(c). 
 
“Benchmark”
 
means, initially, the 
LIBOR Index 
Rate; 
provided
 
that 
if a 
Benchmark Transition 
Event, a 
Term 
SOFR Event 
or an 
Early Opt
-
in 
Election, as applicable, 
and its related 
Benchmark Replacement Date 
have 
occurred 
with 
respect 
to 
the 
LIBOR 
Index 
Rate 
or 
the 
then
-
current 
Benchmark, 
then 
“Benchmark” 
means 
the 
applicable 
Benchmark 
Replacement to the extent 
that such Benchmark Replacement 
has replaced 
such prior 
benchmark rate 
pursuant to 
clause (i) or 
(ii) of 
this Section 
4.3(c). 
 
“Benchmark 
Replacement” 
means, 
for 
any 
Available 
Tenor, 
the 
first alternative 
set forth 
in the 
order below 
that can 
be determined 
by the 
Administrative Agent for the applicable Benchmark Replacement Date: 

-56-
 
(1) 
the sum 
of: (a) 
Term 
SOFR and 
(b) the 
related Benchmark 
Replacement Adjustment; 
 
(2) 
the 
sum 
of: 
(a) 
Daily 
Simple 
SOFR 
and 
(b) 
the 
related 
Benchmark Replacement Adjustment; 
 
(3) 
the sum 
of: 
(a) the 
alternate benchmark 
rate that 
has been 
selected by the Administrative Agent 
and the Borrower as the 
replacement 
for 
the 
then
-
current 
Benchmark 
for 
the 
applicable 
Corresponding 
Tenor 
giving 
due 
consideration 
to 
(i) any 
selection 
or 
recommendation 
of 
a 
replacement benchmark rate 
or the mechanism for 
determining such a 
rate 
by the Relevant Governmental Body or (ii) any evolving or 
then
-
prevailing 
market convention 
for determining 
a benchmark 
rate as 
a replacement 
for 
the then
-
current Benchmark for 
U.S. dollar
-
denominated syndicated credit 
facilities 
at 
such 
time 
and 
(b) the 
related 
Benchmark 
Replacement 
Adjustment; 
provided
 
that, 
in 
the 
case 
of 
clause 
(1), 
such 
Unadjusted 
Benchmark 
Replacement 
is 
displayed 
on 
a 
screen 
or 
other 
information 
service 
that 
publishes 
such 
rate 
from 
time 
to 
time 
as 
selected 
by 
the 
Administrative 
Agent in 
good faith 
and in 
its reasonable 
discretion giving 
due consideration 
to any 
prevailing market 
practice for 
U.S. Dollar-denominated 
syndicated 
credit 
facilities; 
provided 
further
 
that, 
notwithstanding 
anything 
to 
the 
contrary 
in 
this 
Agreement 
or 
in 
any 
other 
Loan 
Document, 
upon 
the 
occurrence 
of 
a 
Term 
SOFR 
Event, 
and 
the 
delivery 
of 
a 
Term 
SOFR 
Notice, 
on 
the 
applicable 
Benchmark 
Replacement 
Date 
the 
“Benchmark 
Replacement” shall revert to and 
shall be deemed to be 
the sum of (a) Term 
SOFR and (b) the related 
Benchmark Replacement Adjustment, as set 
forth 
in clause (1) of this definition (subject to the first proviso above). 
If the Benchmark Replacement as determined pursuant to clause (1), (2) or 
(3) above would 
be less than 
the Floor, the Benchmark 
Replacement will be 
deemed 
to 
be 
the 
Floor for 
the 
purposes 
of 
this 
Agreement 
and 
the 
other 
Loan Documents. 
 
“Benchmark Replacement Adjustment”
means, with respect 
to any 
replacement of the then 
current Benchmark with 
an Unadjusted Benchmark 
Replacement for any 
applicable Interest Period 
and Available Tenor for any 
setting of such Unadjusted Benchmark Replacement: 
 
(1) 
for 
purposes 
of 
clauses 
(1) 
and 
(2) 
of 
the 
definition 
of 
“Benchmark Replacement,” the first alternative set forth 
in the order below 
that can be determined by the Administrative Agent: 
 
(a) 
the 
spread 
adjustment, 
or 
method 
for 
calculating 
or 
determining such spread 
adjustment, (which may 
be a positive 
or negative 

-57-
value or 
zero) as 
of the 
Reference Time 
such Benchmark 
Replacement is 
first set for such Interest 
Period that has been 
selected or recommended by 
the Relevant 
Governmental Body 
for the 
replacement of 
such Benchmark 
with the applicable Unadjusted Benchmark Replacement for the applicable 
Corresponding Tenor; 
 
(b) 
the spread adjustment 
(which may be 
a positive or 
negative 
value or 
zero) as 
of the 
Reference Time 
such Benchmark 
Replacement is 
first set 
for such 
Interest Period 
that would 
apply to 
the fallback 
rate for 
a 
derivative transaction 
referencing the 
ISDA Definitions 
to be 
effective upon 
an index cessation event with respect to such Benchmark for the applicable 
Corresponding Tenor; and 
 
(2) 
for 
purposes of 
clause (3) 
of the 
definition of 
“Benchmark 
Replacement,” 
the 
spread 
adjustment, 
or 
method 
for 
calculating 
or 
determining such spread 
adjustment, (which may 
be a positive 
or negative 
value or 
zero) that 
has been 
selected by 
the Administrative 
Agent and 
the 
Borrower for the applicable Corresponding Tenor giving due consideration 
to (i) 
any selection 
or recommendation 
of a 
spread adjustment, 
or method 
for calculating or determining such 
spread adjustment, for the replacement 
of 
such 
Benchmark 
with 
the 
applicable 
Unadjusted 
Benchmark 
Replacement 
by 
the 
Relevant 
Governmental 
Body 
on 
the 
applicable 
Benchmark Replacement 
Date and/or 
(ii) any 
evolving or 
then-prevailing 
market 
convention 
for 
determining 
a 
spread 
adjustment, 
or 
method 
for 
calculating or 
determining such 
spread adjustment, 
for the 
replacement of 
such Benchmark 
with the 
applicable Unadjusted 
Benchmark Replacement 
for U.S. dollar denominated syndicated credit facilities; 
provided
 
that, in the case of clause (1) above, 
such adjustment is displayed 
on 
a 
screen 
or 
other 
information 
service 
that 
publishes 
such 
Benchmark 
Replacement 
Adjustment 
from 
time 
to 
time 
as 
selected 
by 
the 
Administrative Agent in its reasonable discretion. 
 
“Benchmark 
Replacement 
Conforming 
Changes”
 
means, 
with 
respect 
to 
any 
Benchmark 
Replacement, 
any 
technical, 
administrative 
or 
operational changes (including 
changes to 
the definition of 
“Base Rate,” the 
definition of “Business Day,” the definition of “Interest Period,” the timing 
and 
frequency 
of 
determining 
rates 
and 
making 
payments 
of 
interest, 
the 
timing 
of 
borrowing 
requests 
or 
prepayment, 
conversion 
or 
continuation 
notices, 
the 
length 
of 
lookback 
periods, 
the 
applicability 
of 
breakage 
provisions, and 
other technical, 
administrative or 
operational matters) 
that 
the Administrative Agent reasonably 
decides may be appropriate 
to reflect 
the adoption 
and implementation 
of such 
Benchmark Replacement 
and to 
permit the administration thereof by 
the Administrative Agent in a 
manner 
substantially 
consistent 
with 
market 
practice 
(or, 
if 
the 
Administrative 
Agent 
in 
good 
faith 
decides 
that 
adoption 
of 
any 
portion 
of 
such 
market 

-58-
practice 
is 
not 
administratively 
feasible 
or 
if 
the 
Administrative 
Agent 
determines in 
good faith 
that no 
market practice 
for the 
administration of 
such 
Benchmark 
Replacement 
exists, 
in 
such 
other 
manner 
of 
administration 
as 
the 
Administrative 
Agent 
in 
good 
faith 
decides 
is 
reasonably 
necessary 
in 
connection 
with 
the 
administration 
of 
this 
Agreement and the other Loan Documents). 
 
“Benchmark Replacement Date”
 
means the earliest to 
occur of the 
following events with respect to the then-current Benchmark: 
 
(1) 
in 
the 
case 
of 
clause 
(1) 
or 
(2) 
of 
the 
definition 
of 
“Benchmark 
Transition 
Event,” 
the 
later 
of 
(a) 
the 
date 
of 
the 
public 
statement or publication 
of information referenced 
therein and (b) 
the date 
on which 
the administrator 
of such 
Benchmark (or 
the published 
component 
used 
in 
the 
calculation 
thereof) 
permanently 
or 
indefinitely 
ceases 
to 
provide 
all 
Available 
Tenors 
of 
such 
Benchmark 
(or 
such 
component 
thereof); 
 
(2) 
in 
the 
case 
of 
clause 
(3) 
of 
the 
definition 
of 
“Benchmark 
Transition 
Event,” 
the 
date 
of 
the 
public 
statement 
or 
publication 
of 
information referenced therein; 
 
(3) 
in the 
case of 
a Term 
SOFR Event, 
the date 
that is 
30 days 
after 
the 
date 
a 
Term 
SOFR 
Notice 
is 
provided 
to 
the 
Lenders 
and 
the 
Borrower pursuant to this Section 4.3(c)(ii); or 
 
(4) 
in the case 
of an Early 
Opt
-
in Election, the 
6th Business Day 
after 
the 
date 
notice 
of 
such 
Early 
Opt
-
in 
Election 
is 
provided 
to 
the 
Lenders, so long 
as the Administrative 
Agent has not 
received, by 5:00 p.m. 
(Chicago time) on the 5th 
Business Day after the date 
notice of such Early 
Opt
-
in 
Election 
is 
provided 
to 
the 
Lenders, 
written 
notice 
of 
objection 
to 
such Early Opt
-
in Election from Lenders 
comprising the Required Lenders. 
For 
the 
avoidance 
of 
doubt, 
(i) 
if 
the 
event 
giving 
rise 
to 
the 
Benchmark 
Replacement Date 
occurs on 
the same 
day as, 
but earlier 
than, the 
Reference 
Time 
in 
respect 
of 
any 
determination, 
the 
Benchmark 
Replacement 
Date 
will 
be 
deemed 
to 
have 
occurred 
prior 
to 
the 
Reference 
Time 
for 
such 
determination and (ii) the “Benchmark Replacement Date” will 
be deemed 
to 
have 
occurred 
in 
the 
case 
of 
clause (1) 
or 
(2) 
with 
respect 
to 
any 
Benchmark upon the occurrence 
of the applicable event 
or events set forth 
therein with 
respect to 
all then
-
current Available Tenors of such 
Benchmark 
(or the published component used in the calculation thereof). 
 
“Benchmark 
Transition 
Event”
means 
the 
occurrence 
of 
one 
or 
more of the following events with respect to the then
-
current Benchmark: 

-59-
 
(1) 
a 
public 
statement 
or 
publication 
of 
information 
by 
or 
on 
behalf of the 
administrator of such 
Benchmark (or the 
published component 
used 
in 
the 
calculation 
thereof) 
announcing 
that 
such 
administrator 
has 
ceased or will cease to provide all 
Available Tenors 
of such Benchmark (or 
such component thereof), permanently or indefinitely; 
provided
 
that, at the 
time of 
such statement 
or publication, 
there 
is no 
successor 
administrator 
that will 
continue to 
provide any 
Available 
Tenor 
of such 
Benchmark (or 
such component thereof); 
 
(2) 
a 
public 
statement 
or 
publication 
of 
information 
by 
the 
regulatory 
supervisor 
for 
the 
administrator 
of 
such 
Benchmark 
(or 
the 
published 
component 
used 
in 
the 
calculation 
thereof), 
the 
FRB, 
the 
NYFRB, an insolvency official 
with jurisdiction over the administrator 
for 
such 
Benchmark 
(or 
such 
component), 
a 
resolution 
authority 
with 
jurisdiction over 
the administrator 
for such 
Benchmark (or 
such component) 
or a court 
or an entity 
with similar 
insolvency or resolution 
authority over 
the 
administrator 
for 
such 
Benchmark 
(or 
such 
component), 
which 
states 
that the 
administrator of such 
Benchmark (or such 
component) has ceased 
or will 
cease to 
provide all 
Available 
Tenors 
of such 
Benchmark (or 
such 
component thereof) 
permanently or 
indefinitely, 
provided
 
that, at 
the time 
of 
such 
statement 
or 
publication, 
there 
is 
no 
successor 
administrator 
that 
will continue to 
provide any Available 
Tenor 
of such Benchmark 
(or such 
component thereof); or 
 
(3) 
a 
public 
statement 
or 
publication 
of 
information 
by 
the 
regulatory 
supervisor 
for 
the 
administrator 
of 
such 
Benchmark 
(or 
the 
published 
component 
used 
in 
the 
calculation 
thereof) 
announcing 
that 
all 
Available 
Tenors 
of such 
Benchmark (or 
such component 
thereof) are 
no 
longer representative. 
For 
the 
avoidance 
of 
doubt, 
a 
“Benchmark 
Transition 
Event” 
will 
be 
deemed 
to 
have 
occurred 
with 
respect 
to 
any 
Benchmark 
if 
a 
public 
statement or 
publication of 
information set 
forth above 
has occurred 
with 
respect 
to 
each 
then
-
current 
Available 
Tenor 
of 
such 
Benchmark 
(or 
the 
published component used in the calculation thereof). 
 
“Benchmark Unavailability 
Period” 
means the 
period (if 
any) (x) 
beginning 
at 
the 
time 
that 
a 
Benchmark 
Replacement 
Date 
pursuant 
to 
clauses 
(1) 
or 
(2) 
of 
that 
definition 
has 
occurred 
if, 
at 
such 
time, 
no 
Benchmark Replacement 
has replaced 
the then
-
current Benchmark 
for all 
purposes hereunder and under any Loan Document in accordance with this 
Section 4.3(c) and 
(y) ending at 
the time 
that a 
Benchmark Replacement 
has 
replaced the then
-
current Benchmark for all 
purposes hereunder and under 
any Loan Document in accordance with this Section 4.3(c). 

-60-
 
“Corresponding Tenor” 
with respect 
to any 
Available Tenor means, 
as 
applicable, 
either 
a 
tenor 
(including 
overnight) 
or 
an 
interest 
payment 
period 
having 
approximately 
the 
same 
length 
(disregarding 
business 
day 
adjustment) as such Available Tenor. 
 
“Daily 
Simple 
SOFR” 
means, 
for 
any 
day, 
SOFR, 
with 
the 
conventions for this rate (which 
will include a lookback) being established 
by 
the 
Administrative 
Agent 
in 
accordance 
with 
the 
conventions 
for 
this 
rate 
selected 
or 
recommended 
by 
the 
Relevant 
Governmental 
Body 
for 
determining “Daily Simple SOFR” for syndicated business loans; 
provided
that 
if 
the 
Administrative 
Agent 
decides 
in 
good 
faith 
that 
any 
such 
convention 
is 
not 
administratively 
feasible 
for 
the 
Administrative 
Agent, 
then 
the 
Administrative 
Agent 
may 
establish 
another 
convention 
in 
good 
faith 
and 
in 
its 
reasonable 
discretion 
giving 
due 
consideration 
to 
any 
prevailing market 
practices for 
U.S. Dollar-denominated 
syndicated credit 
facilities. 
 
“Early 
Opt
-
in 
Election”
means, 
if 
the 
then
-
current 
Benchmark 
is 
the LIBOR Index Rate, the occurrence of: 
 
(1) 
a notification by the Administrative Agent to (or the request 
by 
the 
Borrower to 
the 
Administrative 
Agent 
to 
notify) 
each 
of 
the 
other 
parties 
hereto 
that 
at 
least 
five 
currently 
outstanding 
U.S. 
dollar
-
denominated 
syndicated 
credit 
facilities 
at 
such 
time 
contain 
(as 
a 
result 
of 
amendment 
or 
as 
originally 
executed) 
a 
SOFR
-
based 
rate 
(including SOFR, 
a term 
SOFR or 
any other 
rate based 
upon SOFR) 
as a 
benchmark rate (and 
such syndicated credit 
facilities are identified 
in such 
notice and are publicly available for review), and 
 
(2) 
the 
joint 
election 
by 
the 
Administrative 
Agent 
and 
the 
Borrower 
to 
trigger 
a 
fallback 
from 
LIBOR 
and 
the 
provision 
by 
the 
Administrative Agent of written notice of such election to the Lenders. 
 
“Floor”
 
means 
the 
benchmark 
rate 
floor, 
if 
any, 
provided 
in 
this 
Agreement 
initially 
(as 
of 
the 
execution 
of 
this 
Agreement, 
the 
modification, amendment or renewal of 
this Agreement or otherwise) with 
respect to LIBOR. 
 
“FRB”
 
means 
the 
Board 
of 
Governors 
of 
the 
Federal 
Reserve 
System of the United States. 
 
“ISDA Definitions” 
means the 2006 
ISDA Definitions published by 
the International Swaps and Derivatives Association, 
Inc. or any successor 
thereto, as 
amended or 
supplemented from 
time to 
time, or 
any successor 
definitional booklet for interest 
rate derivatives published from 
time to time 

-61-
by 
the 
International 
Swaps 
and 
Derivatives 
Association, 
Inc. 
or 
such 
successor thereto. 
 
“NYFRB” 
means the Federal Reserve Bank of New York. 
 
“NYFRB’s Website” 
means the 
website of 
the Federal 
Reserve Bank 
of New York at http://www.newyorkfed.org, 
or any successor source. 
 
“Reference 
Time” 
with 
respect 
to 
any 
setting 
of 
the 
then
-
current 
Benchmark means (1) if 
such Benchmark is 
the LIBOR Index 
Rate, 11:00 
a.m. (London time) on 
the day that is 
two London banking days 
preceding 
the date of such setting, and (2) if such Benchmark is not the LIBOR Index 
Rate, the time determined by the Administrative Agent in good faith and in 
its reasonable discretion giving due 
consideration to any prevailing market 
practice for U.S. Dollar-denominated syndicated credit facilities. 
 
“Relevant Governmental Body
” means the 
FRB and/or the 
NYFRB, 
or 
a 
committee 
officially 
endorsed 
or 
convened 
by 
the 
FRB 
and/or 
the 
NYFRB, or any successor thereto. 
 
“SOFR” 
means, with respect 
to any Business 
Day, a rate per annum 
equal 
to 
the 
secured 
overnight 
financing 
rate 
for 
such 
Business 
Day 
published 
by 
the 
SOFR 
Administrator 
on 
the 
SOFR 
Administrator’s 
Website on the immediately succeeding Business Day. 
 
“SOFR 
Administrator” 
means 
the 
NYFRB 
(or 
a 
successor 
administrator of the secured overnight financing rate). 
 
“SOFR 
Administrator’s 
Website” 
means 
the 
NYFRB’s 
Website, 
currently 
at 
http://www.newyorkfed.org, 
or 
any 
successor 
source 
for 
the 
secured 
overnight 
financing 
rate 
identified 
as 
such 
by 
the 
SOFR 
Administrator from time to time. 
 
“Term SOFR” 
means, for the applicable 
Corresponding Tenor as of 
the 
applicable 
Reference 
Time, 
the 
forward
-
looking 
term 
rate 
based 
on 
SOFR 
that 
has 
been 
selected 
or 
recommended 
by 
the 
Relevant 
Governmental Body. 
 
“Term SOFR Event” 
means the 
determination by 
the Administrative 
Agent that (a) Term 
SOFR has been recommended for use by the Relevant 
Governmental 
Body, 
(b) the 
administration 
of 
Term 
SOFR 
is 
administratively feasible for 
the Administrative Agent 
and (c) a Benchmark 
Transition 
Event 
has 
previously 
occurred 
resulting 
in 
a 
Benchmark 
Replacement in accordance with this 
Section 4.3(c) that is not Term SOFR. 

-62-
 
“Term 
SOFR 
Notice” 
means 
a 
notification 
by 
the 
Administrative 
Agent to the Lenders and the 
Borrower of the occurrence of a 
Term 
SOFR 
Event. 
 
“Unadjusted 
Benchmark 
Replacement” 
means 
the 
applicable 
Benchmark 
Replacement 
excluding 
the 
related 
Benchmark 
Replacement 
Adjustment. 
Section 4.4. 
Increased Costs
. 
 
(a) 
Increased Costs Generally. 

If any Change in Law shall: 
 
(i) 
impose, 
modify 
or 
deem 
applicable 
any 
reserve, 
special 
deposit, 
compulsory loan, insurance 
charge or similar 
requirement against assets 
of, deposits with 
or 
for 
the 
account 
of, 
or 
credit 
extended 
or 
participated 
in 
by, 
any 
Lender 
(except 
any 
reserve requirement reflected in the Adjusted LIBOR) or any L/C Issuer; 
 
(ii) 
subject 
any 
Recipient 
to 
any 
Taxes 
(other 
than 
(A) Indemnified 
Taxes, 
(B) Taxes 
described 
in 
clauses (b) 
through 
(d) 
of 
the 
definition 
of 
Excluded 
Taxes 
and 
(C) Connection Income Taxes) on its loans, loan principal, 
letters of credit, commitments, 
or other obligations, or 
its deposits, reserves, other 
liabilities or capital attributable 
thereto; 
or 
 
(iii) 
impose on 
any Lender 
or any 
L/C Issuer 
or the 
London interbank 
market 
any other condition, cost or expense (other than Taxes) affecting 
this Agreement or Loans 
made by such Lender or any Letter of Credit or participation therein; 
and the 
result of 
any of 
the foregoing 
shall be 
to increase 
the cost 
to such 
Lender or 
such other 
Recipient 
of 
making, 
converting 
to, 
continuing 
or 
maintaining 
any 
Loan 
or 
of 
maintaining 
its 
obligation to make any such Loan, or to increase the cost to such Lender, 
such L/C Issuer or such 
other Recipient of participating 
in, issuing or maintaining 
any Letter of Credit 
(or of maintaining 
its obligation to participate in or 
to issue any Letter of Credit), 
or to reduce the amount of 
any sum 
received 
or 
receivable 
by 
such 
Lender, 
L/C 
Issuer 
or 
other 
Recipient 
hereunder 
(whether 
of 
principal, 
interest 
or 
any 
other 
amount) 
then, 
upon 
request 
of 
such 
Lender, 
L/C 
Issuer 
or 
other 
Recipient, the 
Borrower will 
pay to 
such Lender, 
L/C Issuer 
or other 
Recipient, as 
the case 
may 
be, 
such 
additional 
amount 
or 
amounts 
as 
will 
compensate 
such 
Lender, 
L/C 
Issuer 
or 
other 
Recipient, as the case may be, for such additional costs incurred or reduction suffered. 
 
(b) 
Capital Requirements. 

If any 
Lender or 
L/C Issuer 
determines that 
any Change 
in 
Law affecting such Lender or L/C Issuer or any lending 
office of such Lender or such Lender’s or 
L/C Issuer’s 
holding company, 
if any, 
regarding capital 
or liquidity 
requirements, has 
or would 
have the 
effect 
of reducing 
the rate 
of return 
on such 
Lender’s 
or L/C 
Issuer’s 
capital or 
on the 
capital 
of 
such 
Lender’s 
or 
L/C 
Issuer’s 
holding 
company, 
if 
any, 
as 
a 
consequence 
of 
this 
Agreement, the 
Commitments of 
such Lender 
or the 
Loans made 
by, 
or participations 
in Letters 
of 
Credit 
or Swingline 
Loans 
held 
by, 
such 
Lender, 
or 
the Letters 
of 
Credit 
issued 
by 
any 
L/C 
Issuer, 
to a 
level 
below that 
which such 
Lender 
or L/C 
Issuer 
or such 
Lender’s 
or L/C 
Issuer’s 

-63-
holding company could have 
achieved but for such 
Change in Law 
(taking into consideration such 
Lender’s 
or 
L/C 
Issuer’s 
policies 
and 
the 
policies 
of 
such 
Lender’s 
or 
L/C 
Issuer’s 
holding 
company with respect to capital adequacy), 
then from time to time the 
Borrower will pay to such 
Lender or L/C Issuer, 
as the case may be, 
such additional amount or amounts 
as will compensate 
such 
Lender 
or 
L/C 
Issuer 
or 
such 
Lender’s 
or 
L/C 
Issuer’s 
holding 
company 
for 
any 
such 
reduction suffered. 
 
(c) 
Certificates for Reimbursement. 

A certificate of a Lender or L/C Issuer setting forth 
the amount 
or amounts 
necessary to 
compensate such 
Lender or 
L/C Issuer 
or its 
holding company, 
as 
the 
case 
may 
be, 
as 
specified 
in 
subsection (a) 
or (b) 
of 
this 
Section 
and 
delivered 
to 
the 
Borrower, shall be conclusive absent manifest error. 
The Borrower shall pay such Lender or L/C 
Issuer, as the case may be, 
the amount shown as 
due on any such 
certificate within thirty (30) days 
after receipt thereof. 
 
(d) 
Delay in 
Requests. 

Failure or 
delay on 
the part 
of any 
Lender or 
L/C Issuer 
to demand 
compensation pursuant 
to this 
Section shall 
not constitute 
a waiver 
of such 
Lender’s or 
L/C Issuer’s 
right 
to 
demand 
such 
compensation; 
provided
 
that 
the 
Borrower 
shall 
not 
be 
required 
to 
compensate 
a 
Lender 
or L/C 
Issuer 
pursuant to 
this 
Section for 
any increased 
costs incurred 
or 
reductions suffered 
more than six (6) 
months prior to 
the date that 
such Lender or 
L/C Issuer, 
as 
the case may be, notifies the 
Borrower of the Change in 
Law giving rise to such 
increased costs or 
reductions, and of such Lender’s or L/C Issuer’s intention to claim compensation therefor (except 
that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 
nine-month period 
referred to 
above shall 
be extended 
to include 
the period 
of retroactive 
effect 
thereof). 
Section 4.5. 
Funding 
Indemnity
. 
If 
any 
Lender 
shall 
incur 
any 
loss, 
cost 
or 
expense 
(including, without 
limitation, any 
loss, cost 
or expense 
incurred by 
reason of 
the liquidation 
or 
re-employment 
of 
deposits 
or 
other 
funds 
acquired 
by 
such 
Lender 
to 
fund 
or 
maintain 
any 
Eurodollar Loan or Swingline Loan bearing interest at the Swingline Lender’s Quoted Rate or the 
relending or reinvesting of 
such deposits or amounts 
paid or prepaid to 
such Lender) as a 
result of: 
 
(a) 
any 
payment, 
prepayment 
or 
conversion 
of 
a 
Eurodollar 
Loan 
or 
such 
Swingline Loan on a date other than the last day of its Interest Period, 

 
(b) 
any 
failure 
(because 
of 
a 
failure 
to 
meet 
the 
conditions 
of 
Section 7 
or 
otherwise) 
by the 
Borrower to 
borrow or 
continue a 
Eurodollar Loan 
or such 
Swingline 
Loan, or 
to convert 
a Base 
Rate Loan 
into a 
Eurodollar Loan 
or such 
Swingline Loan 
on 
the date specified in a notice given pursuant to Section 2.6(a) or 2.2(b), 
 
(c) 
any 
failure 
by 
the 
Borrower 
to 
make 
any 
payment 
of 
principal 
on 
any 
Eurodollar Loan or 
such Swingline Loan 
when due (whether 
by acceleration or 
otherwise), 
or 
 
(d) 
any 
acceleration 
of 
the 
maturity 
of 
a 
Eurodollar 
Loan 
or 
such 
Swingline 
Loan as a result of the occurrence of any Event of Default hereunder, 

-64-
then, upon the demand 
of such Lender, the Borrower 
shall pay to such 
Lender such amount as 
will 
reimburse 
such 
Lender 
for 
such 
loss, 
cost 
or 
expense. 
If 
any 
Lender 
makes 
such 
a 
claim 
for 
compensation, 
it 
shall 
provide 
to 
the 
Borrower, 
with 
a 
copy 
to 
the 
Administrative 
Agent, 
a 
certificate 
setting 
forth 
the 
amount 
of 
such 
loss, 
cost 
or 
expense 
in 
reasonable 
detail 
and 
the 
amounts shown on such certificate shall be conclusive
absent manifest error. 
Section 4.6. 
Discretion 
of Lender 
as to 
Manner of 
Funding. 

Notwithstanding any 
other 
provision of this Agreement, each 
Lender shall be entitled to 
fund and maintain its funding 
of all 
or any 
part of 
its Loans 
in any 
manner it 
sees fit, 
it being 
understood, however, that 
for the 
purposes 
of this Agreement all determinations hereunder with respect to Eurodollar Loans shall be made 
as 
if each Lender had actually funded and maintained each Eurodollar Loan through the purchase of 
deposits 
in 
the 
interbank 
euro 
dollar 
market 
having 
a 
maturity 
corresponding 
to 
such 
Loan’s 
Interest Period, and bearing an interest rate equal to LIBOR for such Interest Period.
Section 4.7. 
Lending 
Offices; 
Mitigation 
Obligations. 

Each 
Lender 
may, 
at 
its 
option, 
elect to make 
its Loans hereunder 
at the branch, 
office or 
affiliate specified 
in its Administrative 
Questionnaire (each 
a 
“Lending Office”
) for 
each type 
of Loan 
available hereunder 
or at 
such other 
of its 
branches, offices 
or affiliates 
as it 
may from 
time to 
time elect 
and designate 
in a 
written 
notice to the 
Borrower and the 
Administrative Agent. 

If any Lender requests 
compensation under 
Section 4.4, or requires the Borrower 
to pay any Indemnified Taxes 
or additional amounts to any 
Lender or any 
Governmental Authority for 
the account of 
any Lender pursuant 
to Section 4.1, then 
such Lender 
shall (at 
the request 
of the 
Borrower) use 
reasonable efforts 
to designate 
a different 
lending office 
for funding 
or booking 
its Loans 
hereunder or 
to assign 
its rights 
and obligations 
hereunder to another of its offices, branches or 
affiliates, if, in the judgment of such Lender, 
such 
designation or assignment (i) would eliminate 
or reduce amounts payable pursuant to 
Section 4.1 
or 4.4, 
as the 
case may 
be, in 
the future, 
and (ii) would 
not subject 
such Lender 
to any 
unreimbursed 
cost or 
expense and 
would not 
otherwise be 
disadvantageous to 
such Lender. 
The Borrower 
hereby 
agrees to 
pay all 
reasonable costs 
and expenses 
incurred 
by any 
Lender in 
connection with 
any 
such designation or assignment. 
S
ECTION
 
5. 
P
LACE AND 
A
PPLICATION 
OF 
P
AYMENTS
. 
Section 5.1. 
Place and Application 
of Payments.
 
All payments of 
principal of and 
interest 
on 
the 
Loans 
and 
the 
Reimbursement 
Obligations, 
and 
all 
other 
Obligations 
payable 
by 
the 
Borrower under this Agreement and the other Loan 
Documents, shall be made by the Borrower to 
the Administrative Agent by no later than 2:00 p.m. (Chicago 
time) on the due date thereof at the 
office of 
the Administrative 
Agent in 
Chicago, Illinois 
(or such 
other location 
as the 
Administrative 
Agent 
may 
designate 
to 
the 
Borrower), 
for 
the 
benefit 
of 
the 
Lender(s) 
or 
L/C Issuer 
entitled 
thereto. 
Any 
payments 
received 
after 
such 
time 
shall 
be 
deemed 
to 
have 
been 
received 
by 
the 
Administrative Agent on 
the next Business 
Day. 
All such payments 
shall be made 
in U.S. Dollars, 
in 
immediately 
available 
funds 
at 
the 
place 
of 
payment, 
in 
each 
case 
without 
set-off 
or 
counterclaim. 
The Administrative 
Agent will 
promptly thereafter 
cause to 
be distributed 
like funds 
relating 
to 
the payment 
of 
principal or 
interest 
on Loans 
and on 
Reimbursement 
Obligations 
in 
which 
the 
Lenders 
have 
purchased 
Participating 
Interests 
ratably 
to 
the 
Lenders 
and 
like 
funds 
relating to the payment of any 
other amount payable to any 
Lender to such Lender, in each case to 
be applied in accordance 
with the terms of 
this Agreement. 
Unless the Administrative Agent 
shall 

-65-
have 
received 
notice 
from 
the 
Borrower 
prior 
to 
the 
date 
on 
which 
any 
payment 
is 
due 
to 
the 
Administrative Agent 
for the 
account of 
the Lenders 
or the 
L/C Issuers 
hereunder that 
the Borrower 
will not 
make such payment, 
the Administrative 
Agent may 
assume that 
the Borrower has 
made 
such payment 
on such 
date in 
accordance herewith 
and may, 
in reliance 
upon such 
assumption, 
distribute to the Lenders or 
the L/C Issuers, as the 
case may be, the 
amount due. 
With respect to 
any payment that 
the Administrative Agent 
makes to any 
Lender, L/C Issuer or 
other secured party 
hereunder as 
to which 
Administrative Agent 
determines (in 
its sole 
and absolute 
discretion) that 
any 
of 
the 
following 
applies 
(such 
payment 
referred 
to 
as 
the 
“Rescindable 
Amount”
): 
(1) 
the 
Borrowers have not in fact made the 
corresponding payment to the Administrative Agent; (2) 
the 
Administrative 
Agent 
has 
made 
a 
payment 
in 
excess 
of 
the 
amount(s) 
received 
by 
it 
from 
the 
Borrowers 
either 
individually 
or 
in 
the 
aggregate 
(whether 
or 
not 
then 
owed); 
or 
(3) 
the 
Administrative Agent has for any reason otherwise erroneously made such payment; then each of 
the 
Lenders, 
the 
L/C 
Issuer 
and 
the 
other 
Affiliates 
of 
the 
Lenders 
that 
are 
secured 
parties 
hereunder 
severally 
agrees 
to 
repay 
to 
the 
Administrative 
Agent 
forthwith 
on 
demand 
the 
Rescindable Amount 
so distributed 
to such 
Person, in 
immediately available 
funds with 
interest 
thereon, for each day from and including the date such amount is distributed to it 
to but excluding 
the date 
of payment 
to the 
Administrative Agent, 
at the 
greater of 
the Federal 
Funds Rate 
and a 
rate 
determined 
by 
the 
Administrative 
Agent 
in 
accordance 
with 
banking 
industry 
rules 
on 
interbank compensation.
Section 5.2. 
Non-Business 
Days. 

Subject 
to 
the 
definition 
of 
Interest 
Period, 
if 
any 
payment hereunder becomes due and payable 
on a day which is not 
a Business Day, 
the due date 
of 
such 
payment 
shall 
be 
extended 
to 
the 
next 
succeeding 
Business 
Day 
on 
which 
date 
such 
payment shall 
be due 
and payable. 
In the 
case of 
any payment 
of principal 
falling due 
on a 
day 
which 
is 
not a 
Business 
Day, 
interest 
on 
such 
principal 
amount 
shall 
continue 
to 
accrue during 
such extension 
at the 
rate per 
annum then 
in effect, which 
accrued amount 
shall be due 
and payable 
on the next scheduled date for the payment of interest. 
 
Section 5.3. 
Payments Set 
Aside
. 
To 
the extent 
that any 
payment by 
or on 
behalf of 
the 
Borrower 
or 
any 
other 
Loan 
Party 
is 
made 
to 
the 
Administrative 
Agent, 
any 
L/C 
Issuer 
or 
any 
Lender, 
or the 
Administrative Agent, 
any L/C 
Issuer or 
any Lender 
exercises its 
right of 
setoff, 
and such 
payment or 
the proceeds 
of such 
setoff or 
any part 
thereof is 
subsequently invalidated, 
declared to be 
fraudulent or 
preferential, set 
aside or 
required (including 
pursuant to 
any settlement 
entered into by 
the Administrative Agent, 
such L/C Issuer 
or such Lender 
in its discretion) 
to be 
repaid to 
a trustee, 
receiver or 
any other 
party, in connection 
with any 
proceeding under 
any Debtor 
Relief 
Law 
or 
otherwise, 
then 
(a) to 
the 
extent 
of 
such 
recovery, 
the 
obligation 
or 
part 
thereof 
originally intended to be satisfied shall be revived and continued in full force and effect as if such 
payment had 
not been 
made or 
such setoff 
had not 
occurred, and 
(b) each Lender 
and each 
L/C 
Issuer 
severally 
agrees 
to 
pay 
to 
the 
Administrative 
Agent 
upon 
demand 
its 
applicable 
share 
(without 
duplication) 
of 
any 
amount 
so 
recovered 
from 
or 
repaid 
by 
the 
Administrative 
Agent, 
plus interest thereon from the date 
of such demand to the date 
such payment is made at a rate 
per 
annum equal to the greater of the Federal Funds Rate and a rate determined by the 
Administrative 
Agent in accordance with banking industry rules on interbank compensation for each such day. 
 
Section 5.4. 
Account 
Debit
. 
The 
Borrower 
hereby 
irrevocably 
authorizes 
the 
Administrative Agent, upon at least two (2) business days prior notice to Borrower, to charge any 

-66-
of 
the 
Borrower’s 
deposit 
accounts 
maintained 
with 
the 
Administrative 
Agent 
for 
the 
amounts 
from 
time 
to 
time 
necessary 
to 
pay 
any 
then 
due 
Obligations; 
provided
 
that
the 
Borrower 
acknowledges and agrees that 
the Administrative Agent shall 
not be under an 
obligation to do so 
and the Administrative Agent shall not incur any liability to the Borrower or any other Person for 
the Administrative Agent’s failure to do so. 
S
ECTION
 
6. 
R
EPRESENTATIONS 
AND 
W
ARRANTIES
. 
Each Loan Party 
represents and warrants 
to the Administrative 
Agent and the 
Lenders as 
follows: 
Section 6.1. 
Organization and Qualification
. 
Each Loan Party is duly organized, validly 
existing, 
and 
in 
good 
standing 
as 
a 
corporation, 
limited 
liability 
company, 
or 
partnership, 
as 
applicable, under the laws of the jurisdiction in which it is organized, has the authority and power 
to own its Property and 
conduct its business as now 
conducted, and is duly qualified 
and in good 
standing in 
each jurisdiction 
in which 
the nature 
of the 
business conducted 
by it 
or the 
nature of 
the Property 
owned or 
leased by 
it requires 
such qualifying, 
except where 
the failure 
to do 
so would 
not have a Material Adverse Effect. 
Section 6.2. 
Subsidiaries
. 
Each 
Subsidiary 
that 
is 
not 
a 
Loan 
Party 
is 
duly 
organized, 
validly existing, and 
in good standing 
under the laws 
of the jurisdiction 
in which it 
is organized, 
has the authority and power to own 
its Property and conduct its business as now 
conducted, and is 
qualified and in 
good standing in 
each jurisdiction in 
which the nature of 
the business conducted 
by it or the nature 
of the Property owned 
or leased by it requires 
such qualifying, except where the 
failure 
to do 
so would 
not 
have a 
Material 
Adverse Effect. 
Schedule 6.2 hereto 
identifies 
each 
Subsidiary (including 
Subsidiaries that 
are Loan 
Parties), the 
jurisdiction of 
its organization, 
the 
percentage 
of 
issued 
and 
outstanding 
shares 
of 
each 
class 
of 
its 
capital 
stock 
or 
other 
equity 
interests 
owned 
by 
any 
Loan 
Party 
and 
its 
Subsidiaries 
and, 
if 
such 
percentage 
is 
not 
100% 
(excluding 
directors’ 
qualifying 
shares 
as 
required 
by 
law), 
a 
description 
of 
each 
class 
of 
its 
authorized capital 
stock and 
other equity 
interests and 
the number 
of shares 
of each 
class issued 
and outstanding. 
All of the 
outstanding shares of 
capital stock and 
other equity interests 
of each 
Subsidiary are validly issued and 
outstanding and fully paid and 
nonassessable and all such shares 
and other 
equity interests 
indicated on 
Schedule 6.2 as 
owned by 
the relevant 
Loan Party 
or another 
Subsidiary are owned, beneficially and of record, by such Loan Party or 
such Subsidiary free and 
clear of all Liens otherwise permitted by this Agreement. 
There are no outstanding commitments 
or 
other 
obligations 
of 
any 
Subsidiary 
to 
issue, 
and 
no 
options, 
warrants 
or 
other 
rights 
of 
any 
Person 
to 
acquire, 
any 
shares 
of 
any 
class 
of 
capital 
stock 
or 
other 
equity 
interests 
of 
any 
Subsidiary. 
Section 6.3. 
Authority 
and 
Validity 
of 
Obligations
. 
Each 
Loan 
Party 
has 
the 
right 
and 
authority to enter into this 
Agreement and the other Loan 
Documents executed by it, to 
make the 
borrowings herein provided 
for (in the 
case of the 
Borrower), to guarantee 
the Secured Obligations 
(in the 
case of 
each Guarantor), 
to grant 
to the 
Administrative Agent 
the Liens 
described in 
the 
Collateral Documents executed 
by such Loan 
Party, and to perform all 
of its obligations 
hereunder 
and under the other Loan Documents executed by it. 
The Loan Documents delivered by the Loan 
Parties and their Subsidiaries have been duly authorized, executed, and delivered by such Persons 

-67-
and constitute 
valid and 
binding obligations 
of such 
Loan Parties 
and their 
Subsidiaries enforceable 
against each 
of them 
in accordance 
with their 
terms, except 
as enforceability 
may be 
limited by 
bankruptcy, insolvency, fraudulent conveyance or 
similar laws 
affecting creditors’ rights 
generally 
and 
general 
principles 
of 
equity 
(regardless 
of 
whether 
the 
application 
of 
such 
principles 
is 
considered in a 
proceeding in equity 
or at law); 
and this Agreement 
and the other 
Loan Documents 
do not, nor does the performance 
or observance by any Loan 
Party or any Subsidiary of any 
of the 
matters and things herein or therein provided 
for, (a) contravene or constitute 
a default under any 
provision of law or any judgment, injunction, order or decree 
binding upon any Loan Party or any 
Subsidiary 
of 
a 
Loan 
Party 
or 
any 
provision 
of 
the 
organizational 
documents 
(
e.g.,
 
charter, 
certificate 
or 
articles 
of 
incorporation 
and 
by-laws, 
certificate 
or 
articles 
of 
association 
and 
operating 
agreement, 
partnership 
agreement, 
or 
other 
similar 
organizational 
documents) 
of 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party, 
(b) contravene 
or 
constitute 
a 
default 
under 
any 
covenant, indenture or agreement 
of or affecting any 
Loan Party or 
any Subsidiary of 
a Loan Party 
or any of their respective Property, in each case where such contravention or default, individually 
or in the aggregate, could 
reasonably be expected to have 
a Material Adverse Effect, 
or (c) result 
in the creation or imposition 
of any Lien on any 
Property of any Loan Party 
or any Subsidiary of 
a 
Loan 
Party other 
than the 
Liens granted 
in favor 
of the 
Administrative Agent 
pursuant 
to the 
Collateral Documents. 
Section 6.4. 
Use of Proceeds; Margin 
Stock
. 
The Borrower shall use the proceeds of the 
Revolving Facility to 
finance Capital Expenditures, 
to finance Permitted 
Acquisitions and for 
its 
general working 
capital purposes 
and for 
such other 
legal and 
proper purposes 
as are 
consistent 
with 
all 
applicable 
laws 
and 
to 
pay 
certain 
fees 
and 
expenses 
associated 
with 
closing 
of 
this 
Agreement. 
No Loan 
Party 
nor any 
of its 
Subsidiaries is 
engaged in 
the business 
of extending 
credit for the 
purpose of purchasing or 
carrying margin stock (within 
the meaning of 
Regulation U 
of the 
Board of 
Governors of 
the Federal 
Reserve System), 
and no 
part of the 
proceeds of 
any Loan 
or any other extension of 
credit made hereunder will be 
used to purchase or 
carry any such margin 
stock or to 
extend credit to 
others for the 
purpose of purchasing 
or carrying any 
such margin stock. 

Margin stock (as hereinabove 
defined) constitutes less than 25% 
of the assets of the Loan 
Parties 
and 
their 
Subsidiaries 
which 
are 
subject 
to 
any 
limitation 
on 
sale, 
pledge 
or 
other 
restriction 
hereunder. 
Section 6.5. 
Financial Reports
. 
The consolidated 
balance sheet 
of the 
Borrower and 
its 
Subsidiaries 
as 
of 
May 
29, 
2021, 
and 
the 
related 
consolidated 
statements 
of 
operations, 
comprehensive 
income 
(loss), 
stockholder’s 
equity 
and 
cash 
flows 
of 
the 
Borrower 
and 
its 
Subsidiaries 
for 
the 
fiscal 
year 
then 
ended, 
and 
accompanying 
notes 
thereto, 
which 
financial 
statements are accompanied 
by the audit 
report of Frost, 
PLLC, independent public 
accountants, 
and the 
unaudited interim 
consolidated balance 
sheet of 
the Borrower 
and its 
Subsidiaries as 
of 
August 
28, 
2021, 
and 
the 
related 
consolidated 
statements 
of 
operations, 
comprehensive 
income(loss), 
shareholder’s 
equity 
and 
cash 
flows 
of 
the 
Borrower 
and 
its 
Subsidiaries
for 
the 
three (3) months 
then ended, 
heretofore furnished 
to the 
Administrative Agent 
and the 
Lenders, 
fairly present in all 
material respects the consolidated 
financial condition of the 
Borrower and its 
Subsidiaries
at said 
dates and 
the consolidated 
results of 
their operations 
and cash 
flows for 
the 
periods then ended in conformity with 
GAAP applied on a consistent basis. 
Neither the Borrower
nor any of its Subsidiaries has 
contingent liabilities which are material to 
it other than as indicated 

-68-
on such 
financial statements 
or, with respect 
to future 
periods, on 
the financial 
statements furnished 
pursuant to Section 8.5. 

Section 6.6. 
No Material Adverse 
Change. 

Since May 29, 
2021, there has 
been no change 
in the condition (financial 
or otherwise) or business 
prospects of any 
Loan Party or 
any Subsidiary 
of 
a 
Loan 
Party except 
those 
occurring 
in 
the ordinary 
course 
of 
business or 
as disclosed 
in its 
filings with the SEC, none of which 
individually or in the aggregate could 
reasonably be expected 
to have a Material Adverse Effect. 

Section 6.7. 
Full 
Disclosure
. 
The 
statements 
and 
information 
furnished 
to 
the 
Administrative Agent 
and the 
Lenders in 
connection with 
the negotiation 
of this 
Agreement and 
the 
other 
Loan 
Documents 
and 
the 
commitments 
by 
the 
Lenders 
to 
provide 
all 
or 
part 
of 
the 
financing contemplated 
hereby do 
not contain 
any untrue 
statements of 
a material 
fact or 
omit a 
material fact necessary 
to make the 
material statements contained 
herein or therein 
not misleading, 
the Administrative 
Agent and the 
Lenders acknowledging that 
as to 
any projections furnished 
to 
the 
Administrative 
Agent 
and 
the 
Lenders, 
the 
Loan 
Parties 
only 
represent 
that 
the 
same 
were 
prepared on 
the basis 
of information and 
estimates the 
Loan Parties 
believed to 
be reasonable in 
light of 
the then 
existing conditions. 
The Administrative 
Agent and 
Lenders recognize 
that any 
projections are 
not to 
be viewed 
as facts 
and that 
the actual 
results during 
the period 
or periods 
covered by such projections may vary from such 
projections. 
Notwithstanding the foregoing, it is 
understood and agreed 
that the periodic 
reports and other 
information of Borrower 
filed with the 
SEC pursuant 
to Section 
13 of 
the Exchange 
Act speak 
as of 
the date 
of such 
reports or 
other filings 
and not of any 
subsequent time and, therefore, 
the representation set forth 
in the first sentence 
of 
this paragraph is applicable to the information contained in such reports or other filings only 
as of 
the date 
of such 
reports or 
other filings. 
Additionally, 
notwithstanding anything 
to the 
contrary 
contained 
herein, 
the 
representation 
in 
the 
first 
sentence 
of 
this 
paragraph 
shall 
not 
apply 
to 
forward-looking information contained in the filings made by Borrower with the SEC pursuant to 
Section 13 
of 
the 
Exchange 
Act, 
and 
the 
Borrowers 
shall 
have 
no 
liability 
with 
respect 
to 
such 
forward-looking information, except to the 
extent that Borrower would have 
liability to investors 
in its 
public securities 
under the 
Exchange Act 
after the 
application of 
Section 21E 
of the 
Exchange 
Act. 
Section 6.8. 
Trademarks, 
Franchises, 
and 
Licenses
. 
The 
Loan 
Parties 
and 
their 
Subsidiaries 
own, 
possess, 
or 
have 
the 
right 
to 
use 
all 
necessary 
patents, 
licenses, 
franchises, 
trademarks, 
trade 
names, 
trade 
styles, 
copyrights, 
trade 
secrets, 
know 
how, 
and 
confidential 
commercial 
and 
proprietary 
information 
to 
conduct 
their 
businesses 
as 
now conducted, 
without 
known conflict 
with any 
patent, license, 
franchise, trademark, 
trade name, 
trade style, 
copyright 
or other proprietary right of any other Person. 
Section 6.9. 
Governmental 
Authority 
and 
Licensing. 
 
The 
Loan 
Parties 
and 
their 
Subsidiaries 
have 
received 
all 
licenses, 
permits, 
and 
approvals 
of 
all 
federal, 
state, 
and 
local 
governmental 
authorities, 
if 
any, 
necessary 
to 
conduct 
their 
businesses, 
in 
each 
case 
where 
the 
failure to 
obtain or 
maintain the 
same could 
reasonably be 
expected to 
have a 
Material Adverse 
Effect. 
No 
investigation 
or 
proceeding 
which, 
if 
adversely 
determined, 
could 
reasonably 
be 
expected to result in revocation 
or denial of any 
material license, permit or approval 
is pending or, 
to the knowledge of any Loan Party, threatened in writing.

-69-
Section 6.10. 
Good Title
. 
The Borrower and 
its Subsidiaries have 
good and defensible 
title 
(or valid 
leasehold interests) 
to their 
assets as 
reflected on 
the most 
recent consolidated 
balance 
sheet of the Borrower and its Subsidiaries 
furnished to the Administrative Agent and the 
Lenders 
(except for sales of assets in 
the ordinary course of business), subject 
to no Liens other than such 
thereof as are permitted by Section 8.8. 

Section 6.11. 
Litigation 
and 
Other 
Controversies. 

Except 
as 
set 
forth 
in 
Schedule 
6.11, 
there is no litigation 
or governmental or arbitration proceeding 
or labor controversy pending, 
nor 
to 
the 
knowledge 
of 
any 
Loan 
Party 
threatened, 
against 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan Party 
or any 
of their 
respective Property 
which if 
adversely determined, 
individually or 
in 
the aggregate, could reasonably be expected to have a Material Adverse Effect. 
Section 6.12. 
Taxes
. 
All federal and material state, local, and foreign Tax returns required 
to be filed 
by any Loan 
Party or any 
Subsidiary of a 
Loan Party in 
any jurisdiction have, 
in fact, 
been filed, and 
all Taxes 
upon any Loan 
Party or any 
Subsidiary of a 
Loan Party or 
upon any of 
their respective 
Property, 
income or 
franchises, which 
are shown 
to be 
due and 
payable in 
such 
returns, 
have 
been 
paid, 
except 
such Taxes, 
if 
any, 
as 
are 
being 
contested 
in 
good 
faith 
and 
by 
appropriate proceedings 
which prevent 
enforcement of 
the matter 
under contest 
and as 
to which 
adequate 
reserves 
established 
in 
accordance 
with 
GAAP 
have 
been 
provided. 
No 
Loan 
Party 
knows of any proposed additional 
Tax assessment against it or its Subsidiaries for 
which adequate 
provisions in accordance with GAAP have 
not been made on their 
accounts. 
Adequate provisions 
in accordance with GAAP for Taxes 
on the books of each Loan Party and each of its Subsidiaries 
have been made for all open years, and for its current fiscal period. 
Section 6.13. 
Approvals
. 
No authorization, 
consent, license 
or exemption 
from, or 
filing 
or 
registration 
with, 
any 
court 
or 
governmental 
department, 
agency 
or 
instrumentality, 
nor 
any 
approval or consent of any other Person, is or will be necessary to the valid execution, delivery or 
performance by any Loan Party or any Subsidiary of a Loan Party of any Loan Document, except 
for (i) such approvals which have been obtained prior to the date of this Agreement and remain in 
full force and effect 
and (ii) filings which are necessary 
to perfect the security interests 
under the 
Collateral Documents. 
Section 6.14. 
Affiliate Transactions 
. 

No Loan 
Party nor 
any of 
its Subsidiaries 
is a 
party 
to any 
contracts or 
agreements with 
any of 
its Affiliates 
on terms 
and conditions 
which are 
less 
favorable 
to 
such 
Loan Party 
or 
such Subsidiary 
than 
would 
be 
usual 
and 
customary 
in 
similar 
contracts or agreements between Persons not affiliated with each other.
Section 6.15. 
Investment 
Company. 

No 
Loan 
Party 
nor 
any 
of 
its 
Subsidiaries 
is 
an 
“investment 
company” 
or 
a 
company 
“controlled” 
by 
an 
“investment 
company” 
within 
the 
meaning of the Investment Company Act of 1940, as amended. 

 
Section 6.16. 
ERISA
. 
Except as 
would not 
reasonably be 
expected to 
result in 
a Material 
Adverse Effect, 
each Loan Party 
and each other 
member of its 
Controlled Group has 
fulfilled its 
obligations under the minimum funding standards of 
and is in compliance in all material 
respects 
with ERISA 
and the 
Code to 
the extent 
applicable to 
it and 
has not 
incurred any 
liability to 
the 
PBGC or a 
Plan under Title 
IV of ERISA 
other than a 
liability to the 
PBGC for premiums 
under 

-70-
Section 4007 
of 
ERISA. 
Except 
as 
would 
not 
reasonably 
be 
expected 
to 
result 
in 
a 
Material 
Adverse Effect, no Loan Party or any 
of its Subsidiaries has any contingent liabilities 
with respect 
to any post-retirement 
benefits under a 
Welfare Plan, other than 
liability for continuation 
coverage 
described in article 6 of Title I of ERISA. 
Section 6.17. 
Compliance 
with 
Laws
. 
(a) The 
Loan 
Parties 
and 
their 
Subsidiaries 
are 
in 
compliance with all 
Legal Requirements applicable 
to or pertaining 
to their Property 
or business 
operations, where any such non-compliance, individually or in the 
aggregate, could reasonably be 
expected to have a Material Adverse Effect. 

 
(b) 
Except for such matters, individually 
or in the aggregate, which could 
not reasonably 
be expected 
to result 
in a 
Material Adverse 
Effect, 
the Loan 
Parties represent 
and warrant 
that: 

(i) the Loan 
Parties and 
their Subsidiaries, 
and each 
of the 
Premises, comply 
in all 
material respects 
with all applicable 
Environmental Laws; (ii) the 
Loan Parties and 
their Subsidiaries have 
obtained, 
maintain 
and 
are 
in 
compliance 
with 
all 
approvals, 
permits, 
or 
authorizations 
of 
Governmental 
Authorities required for their operations 
and each of the Premises; 
(iii) the Loan Parties and their 
Subsidiaries have not, and no Loan Party has knowledge 
of any other Person who has, caused any 
Release, threatened Release or disposal of any Hazardous Material or any other waste or product, 
including manure, 
at, on, 
or from 
any of 
the Premises 
in violation 
of any 
Environmental Laws; 
(iv) the Loan Parties and their Subsidiaries are not subject to and have not received written notice 
of any material Environmental Claim involving any Loan Party or 
any Subsidiary of a Loan Party 
or any of the Premises, and, to the knowledge of the Loan Parties and their Subsidiaries, there are 
no conditions or occurrences 
at any of 
the Premises which could 
reasonably be anticipated to 
form 
the 
basis 
for 
such 
a 
material 
Environmental 
Claim; 
(v) none 
of 
the 
Premises 
contain 
and 
have 
contained any sites 
on or nominated 
for the National 
Priority List or 
similar state list; 
(vi) the Loan 
Parties 
and 
their 
Subsidiaries 
have 
conducted 
no 
Hazardous 
Material 
Activity 
at 
any 
of 
the 
Premises 
except in 
compliance with 
Environmental Laws; 
(vii) except for 
permits, licenses 
and 
other 
legal 
requirements 
required 
in 
the 
ordinary 
course 
of 
business 
none 
of 
the 
Premises 
are 
subject to any, 
and no Loan 
Party has knowledge 
of any imminent, 
restriction on the 
ownership, 
occupancy, 
use or 
transferability of 
the Premises in 
connection with 
any (1) Environmental 
Law 
or 
(2) Release, 
threatened 
Release 
or 
disposal 
of 
a 
Hazardous 
Material, 
waste 
or 
product; 
and 
(viii) the 
Loan 
Parties 
and 
their 
Subsidiaries 
have 
no 
knowledge 
of 
any 
material 
capital 
expenditures 
necessary 
to 
bring 
the 
Premises 
or 
their 
respective 
businesses 
or 
equipment 
into 
compliance with Environmental Laws. 

 
(c) 
Each 
Loan 
Party 
and 
each 
of 
its 
Subsidiaries 
is 
in 
material 
compliance 
with 
all 
Anti-Corruption Laws. 
To the knowledge of 
the Responsible 
Officers of the 
Loan Parties, 
no Loan 
Party 
nor 
any 
Subsidiary 
has 
made 
a 
payment, 
offering, 
or 
promise 
to 
pay, 
or 
authorized 
the 
payment of, money or anything of 
value (a) in order to assist 
in obtaining or retaining business for 
or 
with, 
or 
directing 
business 
to, 
any 
foreign 
official, 
foreign 
political 
party, 
party 
official 
or 
candidate 
for 
foreign 
political 
office, 
(b) to 
a 
foreign 
official, 
foreign 
political 
party 
or 
party 
official or any candidate for foreign political office, 
and (c) with the intent to induce the recipient 
to 
misuse 
his 
or 
her 
official 
position 
to 
direct 
business 
wrongfully 
to 
such 
Loan 
Party 
or 
such 
Subsidiary 
or 
to 
any 
other 
Person, 
in 
violation 
of 
any 
Anti-Corruption 
Laws, 
which 
could 
reasonably be expected to result in a Material Adverse Effect. 

-71-
Section 6.18. 
OFAC
. 
(a) Each Loan Party is 
in compliance in 
all material respects with 
the 
requirements of all 
OFAC 
Sanctions Programs applicable 
to it, (b) each 
Subsidiary of each Loan 
Party 
is 
in 
compliance 
in 
all 
material 
respects 
with 
the 
requirements 
of 
all 
OFAC 
Sanctions 
Programs applicable 
to such 
Subsidiary, 
(c) each Loan 
Party has 
provided to 
the Administrative 
Agent, 
the L/C 
Issuer, 
and 
the 
Lenders 
all 
information 
requested 
by 
them 
regarding 
such 
Loan 
Party and 
its Affiliates 
and Subsidiaries 
necessary for 
the Administrative 
Agent, the 
L/C Issuer, 
and the Lenders to 
comply with all applicable OFAC 
Sanctions Programs, and (d) no 
Loan Party 
nor any 
of its 
Subsidiaries nor, 
to the 
knowledge of 
any Loan 
Party, any officer, director 
or Affiliate 
of 
any 
Loan 
Party 
or 
any 
of 
its 
Subsidiaries, 
is 
a 
Person, 
that 
is, 
or 
is 
owned 
or 
controlled 
by 
Persons 
that 
are, 
(i) the 
target 
of 
any 
OFAC 
Sanctions 
Programs 
or 
(ii) located, 
organized 
or 
resident 
in 
a 
country 
or 
territory 
that 
is, 
or 
whose 
government 
is, 
the 
subject 
of 
any 
OFAC 
Sanctions Programs. 
Section
6.19.
Labor Matters. 

There are 
no strikes, 
lockouts or 
slowdowns against 
any Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
pending 
or, 
to 
the 
knowledge 
of 
any 
Loan 
Party, 
threatened. 
There are 
no collective 
bargaining 
agreements in 
effect 
between any 
Loan Party 
or 
any Subsidiary of a Loan Party and any 
labor union; and no Loan Party nor any 
of its Subsidiaries 
is 
under 
any 
obligation 
to 
assume 
any 
collective 
bargaining 
agreement 
to 
or 
conduct 
any 
negotiations with any labor union with respect to any future agreements. 
Each Loan Party and its 
Subsidiaries 
have 
remitted 
on 
a 
timely 
basis 
all 
amounts 
required 
to 
have 
been 
withheld 
and 
remitted 
(including 
withholdings 
from 
employee 
wages 
and 
salaries 
relating 
to 
income 
tax, 
employment 
insurance, 
and 
pension 
plan 
contributions), 
goods 
and 
services 
tax 
and 
all 
other 
amounts 
which 
if 
not 
paid 
when 
due 
could 
result 
in 
the 
creation 
of 
a 
Lien 
against 
any 
of 
its 
Property, 
except for 
Liens permitted 
by Section 8.8, 
or which 
would not 
reasonably be 
expected 
to result 
in a 
Material Adverse 
Effect or 
which are 
being contested 
in good 
faith by 
appropriate 
proceedings which prevent enforcement of any Lien with respect thereto.
Section 6.20. 
Other Agreements
. 
No Loan 
Party nor 
any of 
its Subsidiaries 
is in 
default 
under the terms of any covenant, 
indenture or agreement of or affecting 
such Person or any of its 
Property, which default 
if uncured 
could reasonably 
be expected 
to have 
a Material 
Adverse Effect. 

Section 6.21. 
Solvency
. 
The 
Loan 
Parties and 
their 
Subsidiaries 
are 
solvent, 
able 
to 
pay 
their 
debts 
as 
they 
become 
due, 
and 
have 
sufficient 
capital 
to 
carry 
on 
their 
business 
and 
all 
businesses in which they are about to engage. 
Section 6.22. 
No Default. 

No Default has occurred and is continuing.
Section 6.23. 
No Broker Fees. 

No broker’s or finder’s 
fee or commission will be 
payable 
with respect hereto 
or any of 
the transactions contemplated 
thereby; and the 
Loan Parties hereby 
agree to indemnify 
the Administrative Agent, 
the L/C Issuer, 
and the Lenders 
against, and agree 
that they will hold the 
Administrative Agent, the L/C Issuer, 
and the Lenders harmless from, 
any 
claim, demand, or liability for 
any such broker’s or 
finder’s fees alleged to 
have been incurred in 
connection herewith or therewith and 
any expenses (including reasonable attorneys’ 
fees) arising 
in connection with any such claim, demand, or liability.

-72-
S
ECTION
 
7. 
C
ONDITIONS 
P
RECEDENT
. 
Section 7.1. 
All Credit Events
. 
At the time of each Credit Event hereunder: 
 
(a) 
each of the 
representations and warranties 
set forth herein 
and in the 
other 
Loan 
Documents 
shall be 
and 
remain 
true 
and correct 
in 
all 
material 
respects 
as 
of said 
time (where 
not already 
qualified by 
materiality, 
otherwise in 
all respects), 
except to 
the 
extent 
the 
same 
expressly 
relate 
to 
an 
earlier 
date, 
in 
which 
case 
they 
shall 
be 
true 
and 
correct in all material respects (where not already qualified by materiality, otherwise in all 
respects) as of such earlier date; 
 
(b) 
no Default shall have occurred 
and be continuing or would 
occur as a result 
of such Credit Event; 

 
(c) 
after giving 
effect to 
such extension 
of credit 
the aggregate 
principal amount 
of 
all 
Swingline 
Loans, 
Revolving 
Loans 
and 
L/C 
Obligations 
outstanding 
under 
this 
Agreement shall not exceed the Revolving Credit Commitments; 

 
(d) 
in the case 
of a Borrowing 
the Administrative Agent 
shall have received 
the 
notice 
required 
by 
Section 2.6, 
in 
the 
case 
of 
the 
issuance 
of 
any 
Letter 
of 
Credit 
the 
L/C Issuer 
shall 
have 
received 
a 
duly 
completed 
Application 
for 
such 
Letter 
of 
Credit 
together with any 
fees called for 
by Section 3.1, and, 
in the case 
of an extension 
or increase 
in the 
amount of 
a Letter 
of Credit, 
a written 
request therefor 
in a 
form acceptable 
to the 
L/C Issuer together with fees called for by Section 3.1; and 
 
(e) 
such 
Credit 
Event 
shall 
not 
violate 
any 
order, 
judgment 
or 
decree 
of 
any 
court 
or 
other 
authority 
or 
any 
provision 
of 
law 
or 
regulation 
applicable 
to 
the 
Administrative 
Agent, 
the 
L/C Issuer 
or 
any 
Lender 
(including, 
without 
limitation, 
Regulation U of the Board of Governors of the Federal Reserve System) as then in effect. 
Each request 
for a 
Borrowing hereunder 
and each 
request for 
the issuance 
of, increase 
in 
the amount 
of, or 
extension of 
the expiration 
date of, 
a Letter 
of Credit 
shall be 
deemed to 
be a 
representation 
and 
warranty 
by 
the 
Borrower 
on 
the 
date 
on 
such 
Credit 
Event 
as 
to 
the 
facts 
specified in subsections (a) 
through (d), both 
inclusive, of this 
Section; 
provided, however, 
that the 
Lenders may continue to 
make advances under the 
Revolving Facility, in the sole discretion of 
the 
Lenders 
with 
Revolving 
Credit 
Commitments, 
notwithstanding 
the 
failure 
of 
the 
Borrower 
to 
satisfy one or more of 
the conditions set forth above 
and any such advances so 
made shall not be 
deemed a waiver of any Default or other condition set forth above that may then exist. 

Section 7.2. 
Initial Credit Event. 

Before or concurrently with the Initial Credit Event:
 
(a) 
the Administrative Agent 
shall have received 
this Agreement duly 
executed 
by 
the 
Borrower 
and 
its 
Wholly-owned 
Subsidiaries 
that 
are 
Domestic 
Subsidiaries, 
as 
Guarantors, the L/C Issuer, and the Lenders; 

-73-
 
(b) 
if requested 
by any 
Lender, 
the Administrative 
Agent shall 
have received 
for such Lender such Lender’s duly executed Notes 
of the Borrower dated the date hereof 
and otherwise in compliance with the provisions of Section 2.10; 
 
(c) 
the 
Administrative 
Agent 
shall 
have 
received 
the 
Reaffirmation, 
Modification and Omnibus 
Joinder Agreement dated 
as of the 
date hereof, duly 
executed 
by the 
Loan Parties, 
together with 
(i) UCC financing 
statements to 
be filed 
against each 
Loan 
Party, 
as 
debtor, 
in 
favor 
of 
the 
Administrative 
Agent, 
as 
secured 
party, 
and 
(ii) deposit 
account 
control 
agreements 
to 
the 
extent 
requested 
by 
the 
Administrative 
Agent; 

 
(d) 
the Administrative Agent shall 
have received evidence of 
insurance in form 
and substance satisfactory to the Administrative Agent; 
 
(e) 
the Administrative 
Agent shall 
have received 
copies of 
each Loan 
Party’s 
articles 
of 
incorporation 
and 
bylaws 
(or 
comparable 
organizational 
documents) 
and 
any 
amendments thereto, 
certified in 
each instance 
by its 
Secretary or 
Assistant Secretary 
(or 
comparable Responsible Officer); 
 
(f) 
the Administrative Agent shall 
have received copies of 
resolutions of each 
Loan 
Party’s 
Board 
of 
Directors 
(or 
similar 
governing 
body) 
authorizing 
the 
execution, 
delivery and performance of this 
Agreement and the other Loan Documents 
to which it is 
a 
party 
and 
the 
consummation 
of 
the 
transactions 
contemplated 
hereby 
and 
thereby, 
together with specimen signatures of 
the persons authorized to execute such 
documents on 
each 
Loan 
Party’s 
behalf, 
all 
certified 
in 
each 
instance 
by 
its 
Secretary 
or 
Assistant 
Secretary (or comparable Responsible Officer); 
 
(g) 
the 
Administrative 
Agent shall 
have received 
copies 
of the 
certificates 
of 
good standing for each 
Loan Party (dated no 
earlier than 30 days prior 
to the date hereof) 
from the office of the secretary of the state of its incorporation or organization; 
 
(h) 
the 
Administrative 
Agent 
shall 
have 
received 
a 
list 
of 
the 
Borrower’s 
Authorized Representatives, 
which may 
be included 
in the 
certificate of 
the Secretary 
or 
Assistant Secretary (or comparable Responsible Officer) referenced in Sections 7.1(e) and 
(f); 
 
(i) 
Reserved
; 
 
(j) 
the Administrative 
Agent shall 
have received 
the initial 
fees called 
for by 
Section 3.1; 
 
(k) 
each 
Lender 
shall 
have 
received 
(i) audited 
financial 
statements 
and 
unaudited monthly 
financial statements 
(including an 
income statement, 
a balance 
sheet, 
and a 
cash flow 
statement) of 
the Loan 
Parties for 
the prior 
3 years, 
including unaudited 
quarterly financial statements for the 
period ended August 28, 2021, 
and 5-year projected 
financial statements, certified to 
by a Financial Officer 
of the Borrower (and 
each Lender 

-74-
hereby acknowledges that it has received copies of each of the foregoing items); and (ii) a 
certificate from a Responsible Officer of the Borrower certifying that since May 29, 2021, 
no Material Adverse Effect has occurred; 
 
(l) 
the Administrative Agent shall have 
received financing statement, tax, and 
judgment 
lien 
search 
results 
against 
each 
Loan 
Party 
and 
its 
Property 
evidencing 
the 
absence of Liens thereon except as permitted by Section 8.8; 
 
(m) 
the Administrative Agent shall have received the favorable written opinion 
of 
counsel 
to 
each 
Loan 
Party, 
in 
form 
and 
substance 
satisfactory 
to 
the 
Administrative 
Agent; 

 
(n) 
each 
of 
the 
Lenders 
shall 
have 
received, 
sufficiently 
in 
advance 
of 
the 
Closing 
Date, 
all 
documentation 
and 
other 
information 
requested 
by 
any 
such 
Lender 
required 
by 
bank 
regulatory 
authorities 
under 
applicable 
“know 
your 
customer” 
and 
anti-money 
laundering 
rules 
and 
regulations, 
including 
without 
limitation, 
the 
United 
States 
Patriot 
Act 
(Title III 
of 
Pub. L. 107-56 
(signed 
into 
law 
October 26, 
2001)) 
including, 
without 
limitation, 
the 
information 
described 
in 
Section 13.24; 
and 
the 
Administrative Agent shall have received a fully executed Internal Revenue Service Form 
W-9 (or its equivalent) for the Borrower and each other Loan Party; 
 
(o) 
at least 
5 days 
prior to 
the Closing 
Date, any 
Borrower that 
qualifies as 
a 
“legal 
entity 
customer” 
under 
the 
Beneficial 
Ownership 
Regulation 
shall 
deliver 
a 
Beneficial Ownership Certification in relation to such Borrower; and 
 
(p) 
the 
Administrative 
Agent 
shall 
have 
received 
such 
other 
agreements, 
instruments, 
documents, 
certificates, 
and 
opinions 
as 
the 
Administrative 
Agent 
may 
reasonably request. 

S
ECTION
 
8. 
C
OVENANTS
. 
Each Loan Party agrees that, so long 
as any credit is available to or 
in use by the Borrower 
hereunder, 
except to 
the extent 
compliance in 
any case 
or cases 
is waived 
in writing 
pursuant to 
the terms of Section 13.3. 
Section 8.1. 
Maintenance of Business. 
 
(a) 
Each 
Loan 
Party 
shall, 
and 
shall 
cause 
each 
of 
its 
Subsidiaries 
to, 
preserve 
and 
maintain its 
existence, except 
as otherwise 
provided in 
Section 8.10(c); 
provided, 
however,
 
that 
nothing in this 
Section shall prevent the 
Borrower from dissolving any 
of its Subsidiaries 
if such 
action 
is, 
in 
the 
reasonable 
business 
judgment 
of 
the 
Borrower, 
desirable 
in 
the 
conduct 
of 
its 
business and is not disadvantageous in any material respect to the Lenders. 

 
(b) 
Each Loan Party shall, and 
shall cause each of its 
Subsidiaries to, preserve and keep 
in force 
and effect 
all licenses, 
permits, franchises, 
approvals, patents, 
trademarks, trade 
names, 

-75-
trade styles, copyrights, 
and other proprietary 
rights necessary 
to the proper 
conduct of its 
business 
where the failure to do so could reasonably be expected to have a Material Adverse Effect. 
 
Section 8.2. 
Maintenance of 
Properties. 

Each Loan 
Party shall, 
and shall 
cause each 
of 
its Subsidiaries to, maintain, preserve, and keep its property, 
plant, and equipment in good repair, 
working order and condition (ordinary wear and tear excepted), and shall from time to time make 
such repairs, renewals, replacements, additions, 
and betterments thereto as it deems 
appropriate in 
its reasonable business judgment so that the usefulness thereof shall be preserved 
and maintained, 
except to the extent that, 
in the reasonable business judgment of 
such Person, any such Property is 
no longer necessary for the proper conduct of the business of such Person.
Section 8.3. 
Taxes 
and Assessment
s. 
Each Loan Party 
shall duly pay and 
discharge, and 
shall cause each of its Subsidiaries to duly pay and discharge, 
all federal and material state, local, 
and 
foreign 
Taxes, 
rates, 
assessments, 
fees, 
and 
governmental 
charges 
upon 
or 
against 
it 
or 
its 
Property, 
in 
each 
case 
before 
the 
same 
become 
delinquent 
and 
before 
penalties 
accrue 
thereon, 
unless 
and 
to 
the 
extent 
that 
the 
same 
are 
being 
contested 
in 
good 
faith 
and 
by 
appropriate 
proceedings 
which 
prevent 
enforcement 
of 
the 
matter 
under 
contest 
and 
adequate 
reserves 
are 
provided therefor. 
Section 8.4. 
Insurance. 

Each Loan 
Party shall 
insure and 
keep insured, 
and shall 
cause 
each 
of 
its 
Subsidiaries 
to 
insure 
and 
keep 
insured, 
with 
good 
and 
responsible 
insurance 
companies, all insurable Property 
owned by it which 
is of a character 
usually insured by Persons 
similarly situated and 
operating like Properties 
against loss or 
damage from such 
hazards and risks 
(including 
flood 
insurance 
with 
respect 
to 
any 
improvements 
on 
real 
Property 
consisting 
of 
building or parking 
facilities in an 
area designated by 
a governmental body 
as having special 
flood 
hazards), 
and 
in 
such 
amounts 
and 
with 
such 
deductibles, 
as 
are 
insured 
by 
Persons 
similarly 
situated 
and 
operating 
like 
Properties, 
but 
in 
no 
event 
at 
any 
time 
in 
an 
amount 
less 
than 
the 
replacement value of the 
Collateral, subject to deductibles. 
Each Loan Party shall 
also maintain, 
and shall cause each of its Subsidiaries to maintain, insurance with respect to the business of such 
Loan 
Party 
and 
its 
Subsidiaries, 
covering 
commercial 
general 
liability, 
statutory 
worker’s 
compensation 
and 
occupational 
disease, 
statutory 
structural 
work 
act 
liability, 
and 
business 
interruption and such other 
risks with good and 
responsible insurance companies, in 
such amounts 
and on such terms as the 
Administrative Agent or the Required Lenders 
shall reasonably request, 
but in any event as and to the extent usually insured by 
Persons similarly situated and conducting 
similar businesses. 
The Loan Parties shall 
in any event maintain 
insurance on the Collateral 
to the 
extent 
required 
by 
the 
Collateral 
Documents. 
All 
such 
policies 
of 
insurance 
shall 
contain 
satisfactory mortgagee/lender’s loss payable 
endorsements, naming the Administrative Agent 
(or 
its security trustee) as mortgagee or 
a loss payee, assignee or additional insured, 
as appropriate, as 
its interest may 
appear, and showing 
only such 
other loss 
payees, assignees 
and additional insureds 
as are 
satisfactory 
to the 
Administrative 
Agent. 
Each policy 
of insurance 
or endorsement 
shall 
contain a clause 
requiring the insurer 
to give not 
less than thirty (30) 
days’ (ten (10) days’ in 
the 
case of 
nonpayment of 
insurance premiums) 
prior written 
notice to 
the Administrative 
Agent in 
the event of 
cancellation of the 
policy for any 
reason whatsoever. 
The Borrower shall 
deliver to 
the Administrative 
Agent (a) on 
the Closing 
Date and 
at such 
other times 
as the 
Administrative 
Agent 
shall 
reasonably 
request, 
certificates 
evidencing 
the 
maintenance 
of 
insurance 
required 
hereunder, 
(b) prior 
to 
the 
termination 
of 
any 
such 
policies, 
certificates 
evidencing 
the 
renewal 

-76-
thereof, and 
(c) promptly following 
request by 
the Administrative 
Agent, copies 
of all 
insurance 
policies 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries. 
The 
Borrower 
also 
agrees 
to 
deliver 
to 
the 
Administrative Agent, promptly 
as rendered, true 
copies of all 
reports made in 
any reporting forms 
to insurance companies. 
Section 8.5. 
Financial 
Reports. 

The 
Loan 
Parties 
shall, 
and 
shall 
cause 
each 
of 
their 
Subsidiaries to, 
maintain proper 
books of 
records and 
accounts reasonably 
necessary to 
prepare 
financial statements 
required to 
be delivered 
pursuant to 
this Section 
8.5 in 
accordance with 
GAAP 
and shall furnish to the Administrative Agent and each Lender:
 
(a) 
as soon as 
available, and in 
any event no 
later than 45 days 
after the last 
day 
of each 
fiscal quarter 
of each 
fiscal year 
of the 
Borrower, a copy 
of the 
consolidated balance 
sheet of the 
Borrower and its 
Subsidiaries
as of the last 
day of such fiscal 
quarter and the 
related consolidated statement 
of operations, comprehensive 
income (loss), shareholder’s 
equity, 
and cash 
flows of 
the Borrower 
and its 
Subsidiaries for 
the fiscal 
quarter and 
for 
the fiscal year-to-date period 
then ended, each 
in reasonable detail 
showing in comparative 
form the figures for the 
corresponding date and period 
in the previous fiscal 
year, prepared 
by the Borrower in accordance with GAAP (subject to the absence of footnote disclosures 
and year-end audit adjustments) and certified to by a Financial Officer of the Borrower; 
 
(b) 
as soon as 
available, and in 
any event no 
later than 90 days 
after the last 
day 
of 
each 
fiscal 
year 
of 
the 
Borrower, 
a 
copy 
of 
the 
consolidated 
balance 
sheet 
of 
the 
Borrower and its 
Subsidiaries as of 
the last day 
of the fiscal 
year then ended 
and the related 
consolidated statement of 
operations, comprehensive income 
(loss), shareholder’s 
equity, 
and 
cash 
flows 
of 
the 
Borrower 
and 
its 
Subsidiaries 
for 
the 
fiscal 
year 
then 
ended, 
and 
accompanying notes 
thereto, 
each 
in reasonable 
detail 
showing in 
comparative form 
the 
figures for the 
previous fiscal year, 
accompanied in the 
case of the 
consolidated financial 
statements by an 
unqualified opinion of 
Frost, PLLC or 
another firm of independent 
public 
accountants of recognized standing, 
selected by the Borrower 
and reasonably satisfactory 
to the 
Administrative Agent, 
to the 
effect that 
the consolidated 
financial statements 
have 
been 
prepared 
in 
accordance 
with 
GAAP 
and 
present 
fairly 
in 
all 
material 
respects 
in 
accordance 
with 
GAAP 
the 
consolidated 
financial 
condition 
of 
the 
Borrower 
and 
its 
Subsidiaries as 
of the 
close of 
such fiscal 
year and 
the results 
of their 
operations for 
the 
fiscal year 
then ended 
and that 
an examination 
of such 
accounts in 
connection with 
such 
financial 
statements 
has 
been 
made 
in 
accordance 
with 
generally 
accepted 
auditing 
standards and, accordingly, such examination 
included such tests 
of the accounting 
records 
and such other auditing procedures as were considered necessary in the circumstances; 

 
(c) 
promptly after receipt 
thereof, any additional 
written reports, management 
letters or other detailed information contained in writing concerning significant 
aspects of 
any Loan 
Party’s 
or any of 
its Subsidiary’s 
operations and 
financial affairs 
given to 
it by 
its independent public accountants; 
 
(d) 
promptly 
after 
the 
sending 
or 
filing 
thereof, 
copies 
of 
each 
financial 
statement, report, notice or proxy statement sent by any Loan Party or any Subsidiary of a 
Loan Party to its stockholders or other equity holders, and copies of each regular, periodic 

-77-
or special 
report, registration 
statement or 
prospectus (including 
all Form 
10-K, Form 
10-Q 
and Form 8-K reports) filed by any Loan 
Party or any Subsidiary of a Loan Party with 
any 
securities exchange or the SEC or any successor agency; 
 
(e) 
promptly after receipt thereof, a copy of any financial audit report made by 
any regulatory agency 
of the books 
and records of 
any Loan Party 
or any Subsidiary 
of a 
Loan Party that gives notice 
of any noncompliance with any 
applicable law, 
regulation or 
guideline relating to any 
Loan Party or any 
Subsidiary of a Loan 
Party or their respective 
business which could reasonably be expected to have a Material Adverse Effect; 

 
(f) 
as soon as available, and in any event no later than 45 days after 
the end of 
each 
fiscal 
year 
of 
the Borrower, 
a 
copy 
of 
the 
consolidated 
and 
consolidating 
business 
plan for the Borrower and its Subsidiaries for the following fiscal year, such business plan 
to show the 
projected consolidated and 
consolidating revenues, expenses 
and balance sheet 
of the Borrower and 
its Subsidiaries on a 
quarter-by-quarter basis, such business plan 
to be 
in 
reasonable 
detail 
prepared 
by 
the 
Borrower 
and 
in 
form 
satisfactory 
to 
the 
Administrative 
Agent 
(which 
shall 
include 
a 
summary 
of 
all 
assumptions 
made 
in 
preparing such business plan); 
 
(g) 
notice of any Change of Control; 

 
(h) 
promptly after 
knowledge thereof 
shall have 
come to 
the attention 
of any 
Responsible 
Officer 
of 
any 
Loan 
Party, 
written 
notice 
of 
(i) any 
threatened 
or 
pending 
litigation or governmental or arbitration proceeding or labor controversy against any Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
or 
any 
of 
their 
Property 
which, 
if 
adversely 
determined, could 
reasonably 
be expected 
to 
have a 
Material 
Adverse Effect 
and would 
require 
disclosure 
in 
a 
report 
to 
be 
filed 
with 
the 
SEC 
under 
the 
Exchange 
Act, 
(ii) the 
occurrence of any Material Adverse Effect, or (iii) the occurrence of any Default; 

 
(i) 
with each 
of the 
financial statements 
delivered pursuant 
to subsections (a) 
and 
(b) 
above, a 
written certificate 
in 
the form 
attached 
hereto 
as Exhibit E 
signed by 
a 
Financial Officer of the Borrower to the effect that to the best of such officer’s knowledge 
and belief no Default has occurred during the period covered by such statements or, if any 
such Default 
has occurred 
during such 
period, setting 
forth a 
description of 
such Default 
and 
specifying 
the 
action, 
if 
any, 
taken 
by 
the 
relevant 
Loan 
Party 
or 
its 
Subsidiary 
to 
remedy 
the 
same. 
Such 
certificate 
shall 
also 
set 
forth 
the 
calculations 
supporting 
such 
statements in respect of Section 8.22
(Financial Covenants); 

 
(j) 
Reserved
; and 
 
(k) 
promptly, 
from 
time 
to 
time, 
such 
other 
information 
regarding 
the 
operations, business affairs and financial condition of any Loan 
Party or any Subsidiary of 
a Loan Party, 
or compliance with the terms of any 
Loan Document, as the Administrative 
Agent or any Lender may reasonably request. 

-78-
Section 8.6. 
Inspection; Field Audits
. 
Each Loan Party 
shall, and shall 
cause each of 
its 
Subsidiaries 
to, 
permit 
the 
Administrative 
Agent 
and 
each 
Lender, 
and 
each 
of 
their 
duly 
authorized representatives and agents to 
visit and inspect any of 
its Property, corporate books, and 
financial records, to 
examine and make 
copies of its 
books of accounts 
and other financial 
records, 
and 
to 
discuss 
its 
affairs, 
finances, 
and 
accounts 
with, 
and 
to 
be 
advised 
as 
to 
the 
same 
by, 
its 
officers, 
employees and 
independent public 
accountants (and 
by this 
provision the 
Loan Parties 
hereby authorize such accountants to discuss with the Administrative Agent and such Lenders the 
finances 
and 
affairs 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries) 
at 
such 
reasonable 
times 
and 
intervals as the 
Administrative Agent or 
any such Lender 
may designate and, 
so long as 
no Default 
exists, 
with 
reasonable 
prior 
notice 
to 
the 
Borrower 
and 
compliance 
with 
the 
Borrower’s 
customary on-site policies 
applicable to visitors 
(bio-security, etc.). 
The Borrower shall 
pay to the 
Administrative Agent charges for field audits of the Collateral, inspections 
and visits to Property, 
inspections of 
corporate books 
and financial 
records, examinations 
and copies 
of books 
of accounts 
and financial record and 
other activities permitted in 
this Section performed by 
the Administrative 
Agent or 
its agents 
or third 
party firms, 
in such 
amounts as 
the Administrative 
Agent may 
from 
time 
to 
time 
request 
(the 
Administrative 
Agent 
acknowledging 
and 
agreeing 
that 
any 
internal 
charges 
for such 
audits and 
inspections 
shall 
be computed 
in the 
same manner 
as it 
at the 
time 
customarily uses 
for the 
assessment of 
charges for 
similar collateral 
audits); 
provided, 
however,
that in 
the absence 
of any 
Default, the 
Borrower shall 
not be 
required to 
pay the 
Administrative 
Agent for more than one (1) such audit per calendar year. 
Section 8.7.
Borrowings and Guaranties. 

No Loan Party shall, nor shall 
it permit any of 
its 
Subsidiaries 
to, 
issue, 
incur, 
assume, 
create 
or 
have 
outstanding 
any 
Indebtedness, 
or 
incur 
liabilities under any Hedging Agreement, or be or become liable as endorser, 
guarantor, surety or 
otherwise for any Indebtedness or undertaking of any Person, or otherwise agree to provide funds 
for payment 
of the 
obligations of 
another, 
or supply 
funds thereto 
or invest 
therein or 
otherwise 
assure a 
creditor of 
another against 
loss, or 
apply for 
or become 
liable to 
the issuer 
of a 
letter of 
credit which supports an obligation 
of another, or subordinate any claim or 
demand it may have to 
the claim 
or demand 
of any 
Person; 
provided, 
however,
 
that the 
foregoing shall 
not restrict 
nor 
operate to prevent:
 
(a) 
the Secured Obligations
of the Loan Parties and their Subsidiaries owing 
to 
the Administrative Agent and the Lenders (and their Affiliates); 
 
(b) 
purchase 
money 
indebtedness 
and 
Capitalized 
Lease 
Obligations 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries 
in 
an 
amount 
not 
to 
exceed 
$20,000,000 
in 
the 
aggregate at any one time outstanding; 
 
(c) 
obligations of the Loan Parties and their Subsidiaries arising out of interest 
rate, 
foreign 
currency, 
and 
commodity 
Hedging 
Agreements 
entered 
into 
with 
financial 
institutions 
in 
connection 
with 
bona 
fide 
hedging 
activities 
in 
the 
ordinary 
course 
of 
business and not for speculative purposes; 
 
(d) 
endorsement of 
items for 
deposit or 
collection of 
commercial paper 
received 
in the ordinary course of business; 

-79-
 
(e) 
intercompany advances from 
time to time 
owing between any 
of the Loan 
Parties and/or 
any of 
their Subsidiaries 
in the 
ordinary course 
of business, 
provided that 
the aggregate 
amount of 
all such 
intercompany advances 
made to 
Subsidiaries of 
a Loan 
Party that are not Loan Parties 
or Subsidiaries of a Loan Party that 
are not Wholly-owned 
Subsidiaries shall 
not exceed 
an aggregate 
amount of 
$20,000,000 during 
any fiscal 
year 
of the Borrower; 
 
(f) 
existing Indebtedness set forth on Schedule 8.7 hereto; 
 
(g) 
Indebtedness owed to 
any Person providing 
workers’ compensation, health, 
disability 
or 
other 
employee 
benefits 
(including 
contractual 
and 
statutory 
benefits) 
or 
property, 
casualty, 
liability 
or 
credit 
insurance, 
pursuant 
to 
reimbursement 
or 
indemnification obligations to such Person, in each case incurred in the ordinary course 
of 
business; 
 
(h) 
Indebtedness 
in 
respect 
of 
bids, 
trade 
contracts 
(other 
than 
for 
debt 
for 
borrowed money), leases (other 
than Capitalized Lease Obligations), 
statutory obligations, 
surety, 
stay, 
customs 
and 
appeal 
bonds, 
performance, 
performance 
and 
completion 
and 
return 
of 
money 
bonds, 
government 
contracts 
and 
similar 
obligations, 
in 
each 
case, 
provided in the ordinary course of business; 
 
(i) 
Indebtedness in respect of netting services, overdraft protection 
and similar 
arrangements, in each case, in connection with cash management and deposit accounts; 
 
(j) 
Indebtedness 
representing 
deferred 
compensation 
to 
directors, 
officers, 
employees of 
any Loan 
Party or 
any Subsidiary 
of a 
Loan Party 
incurred in 
the ordinary 
course of business; and 

 
(k) 
Indebtedness 
consisting 
of 
the 
financing 
of 
insurance 
premiums 
in 
the 
ordinary course of business; 

 
(l) 
Guarantees 
by 
a 
Loan 
Party 
of 
Indebtedness 
of 
another 
Loan 
Party 
otherwise permitted under this Section; 
 
(m) 
Indebtedness 
arising 
from 
agreements 
of 
a 
Loan 
Party 
or 
its 
Subsidiary 
providing 
for 
indemnification, 
adjustment 
of 
purchase 
or 
acquisition 
price 
or 
similar 
obligations, in each case, incurred or assumed in connection with a 
Permitted Acquisition; 

 
(n) 
Indebtedness 
of 
any 
Person 
that 
becomes 
a 
Subsidiary 
after 
the 
Closing 
Date and Indebtedness acquired or assumed in connection with Permitted Acquisitions, in 
an 
amount 
not 
to 
exceed 
$50,000,000 
in 
the 
aggregate 
at 
any 
one 
time 
outstanding, 
provided
 
that such 
Indebtedness exists 
at the 
time the 
Person becomes 
a Subsidiary 
or at 
the 
time 
of 
such 
Permitted 
Acquisition 
and 
is 
not 
created 
in 
contemplation 
of 
or 
in 
connection therewith; 

-80-
 
(o) 
replacements, 
renewals, 
re-financings 
or 
extensions 
of 
any 
Indebtedness 
described 
in 
this 
Section 
that 
(i) does 
not 
exceed 
the 
aggregate 
principal 
amount 
(plus 
accrued 
interest 
and 
applicable 
premium 
and 
associated 
fees 
and 
expenses) 
of 
the 
Indebtedness 
being 
replaced, 
renewed, 
refinanced 
or 
extended, 
(ii) 
does 
not 
have 
a 
weighted average life to maturity at the time 
of such replacement, renewal, refinancing or 
extension that is less 
than the weighted average life 
to maturity of the Indebtedness 
being 
replaced, 
renewed, 
refinanced 
or 
extended, 
and 
(iii) does 
not 
rank 
at 
the 
time 
of 
such 
replacement, renewal, refinancing or 
extension senior to the 
Indebtedness being replaced, 
renewed, refinanced or extended; 

 
(p) 
unsecured 
indebtedness 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries 
not 
otherwise 
permitted 
by 
this 
Section 
in 
an 
amount 
not 
to 
exceed 
$400,000,000 
in 
the 
aggregate at any one time outstanding; and 
 
(q) 
indebtedness secured by Property of the 
Loan Parties and their Subsidiaries 
(other than the 
Collateral) in an 
amount not to 
exceed $200,000,000 in 
the aggregate at 
any 
one time outstanding. 
Section 8.8. 
Liens. 

No 
Loan 
Party 
shall, 
nor 
shall 
it 
permit 
any 
of 
its 
Subsidiaries 
to, 
create, incur or 
permit to exist 
any Lien of 
any kind on 
any Property owned 
by any such 
Person; 
provided, however,
 
that the foregoing shall not apply to nor operate to prevent:
 
(a) 
Liens 
arising 
by 
statute 
in 
connection 
with 
worker’s 
compensation, 
unemployment insurance, old 
age benefits, social 
security obligations, Taxes, assessments, 
statutory obligations or 
other similar charges 
(other than Liens 
arising under ERISA), 
good 
faith cash deposits in connection with tenders, contracts or leases 
to which any Loan Party 
or any Subsidiary of 
a Loan Party is 
a party or other 
cash deposits required to be 
made in 
the 
ordinary 
course 
of 
business, 
provided 
in 
each 
case 
that 
the 
obligation 
is 
not 
for 
borrowed 
money 
and 
that 
the 
obligation 
secured 
is 
not 
overdue 
or, 
if 
overdue, 
is 
being 
contested 
in 
good 
faith 
by 
appropriate 
proceedings 
which 
prevent 
enforcement 
of 
the 
matter under contest and adequate reserves have been established therefor; 
 
(b) 
mechanics’, 
workmen’s, 
materialmen’s, 
landlords’, 
carriers’ 
or 
other 
similar Liens arising 
in the ordinary 
course of 
business with respect 
to obligations 
which 
are not 
due or 
which are 
being contested 
in good faith 
by appropriate 
proceedings which 
prevent enforcement of the matter under contest; 
 
(c) 
judgment 
liens 
and 
judicial 
attachment 
liens 
not 
constituting 
an 
Event 
of 
Default under Section 9.1(g) 
and the pledge 
of assets for 
the purpose of 
securing an appeal, 
stay or discharge in 
the course of 
any legal proceeding, 
provided that the 
aggregate amount 
of 
such 
judgment 
liens 
and 
attachments 
and 
liabilities 
of 
the 
Loan 
Parties 
and 
their 
Subsidiaries 
secured 
by 
a 
pledge 
of 
assets 
permitted 
under 
this 
subsection, 
including 
interest and penalties thereon, if any, shall not be in excess of 
$25,000,000 at any one time 
outstanding; 

-81-
 
(d) 
Liens on 
equipment of 
any Loan 
Party or 
any Subsidiary 
of a 
Loan Party 
created 
solely 
for 
the 
purpose 
of 
securing 
indebtedness 
permitted 
by 
Section 8.7(b), 
representing or 
incurred to 
finance the 
purchase price 
of such 
Property, 
provided that 
no 
such Lien 
shall extend 
to or 
cover other 
Property of 
such Loan 
Party or 
such Subsidiary 
other than 
the respective 
Property so 
acquired, and 
the principal 
amount of 
indebtedness 
secured by 
any such 
Lien shall 
at no 
time exceed 
the purchase 
price of 
such Property, 
as 
reduced by repayments of principal thereon; 
 
(e) 
any interest or 
title of a 
lessor under 
any operating lease, 
including the filing 
of Uniform 
Commercial Code 
financing statements 
solely as 
a precautionary 
measure in 
connection 
with 
operating 
leases 
entered 
into 
by 
any 
Loan Party 
or 
any 
Subsidiary 
of 
a 
Loan Party in the ordinary course of its business; 
 
(f) 
easements, rights-of-way, restrictions, 
zoning restrictions and other similar 
encumbrances against 
real property 
incurred in 
the ordinary 
course of 
business which, 
in 
the aggregate, are 
not substantial in 
amount and which 
do not materially 
detract from the 
value of 
the Property 
subject thereto 
or materially 
interfere with 
the ordinary 
conduct of 
the business of any Loan Party or any Subsidiary of a Loan Party; 

 
(g) 
bankers’ 
Liens, 
rights 
of 
setoff 
and 
other 
similar 
Liens 
(including 
under 
Section 4-210 
of 
the 
Uniform 
Commercial 
Code) 
in 
one 
or 
more 
deposit 
accounts 
maintained by any 
Loan Party or 
any Subsidiary of 
a Loan Party, 
in each case 
granted in 
the ordinary course of business in 
favor of the bank or banks 
with which such accounts are 
maintained, securing 
amounts owing 
to such 
bank with 
respect to 
cash management 
and 
operating 
account 
arrangements, 
including 
those 
involving 
pooled 
accounts 
and 
netting 
arrangements; 
provided
 
that, unless such Liens are non-consensual 
and arise by operation 
of law, 
in no case shall any such Liens 
secure (either directly or indirectly) the repayment 
of any Indebtedness; 
 
(h) 
Liens 
granted 
in 
favor 
of 
the 
Administrative 
Agent 
pursuant 
to 
the 
Collateral Documents. 
 
(i) 
non-exclusive 
licenses 
of 
intellectual 
property 
granted 
in 
the 
ordinary 
course of business and not interfering in any material respect with the ordinary conduct of 
business of any Loan Party or any Subsidiary of a Loan Party; 
 
(j) 
Liens on insurance policies and the proceeds thereof securing 
the financing 
of the premiums with respect thereto permitted by Section 8.7(k); 
 
(k) 
Liens 
(i) on 
cash 
advances 
in 
favor 
of 
the 
seller 
of 
any 
Property 
to 
be 
acquired 
in 
a 
Permitted 
Acquisition 
to 
be 
applied 
against 
the 
purchase 
price 
for 
such 
Property, 
or 
(ii) consisting 
of 
an 
agreement 
to 
dispose 
of 
any 
Property 
in 
a 
disposition 
permitted 
under 
Section 
8.10, 
in 
each 
case, 
solely 
to 
the 
extent 
such 
Acquisition 
or 
disposition, as the 
case may be, 
would have been 
permitted on the 
date of the 
creation of 
such Lien; 

-82-
 
(l) 
Liens on Property 
of a Person 
existing at the 
time such 
Person is acquired 
or merged 
with or 
into or 
consolidated with 
any Loan 
Party or 
any Subsidiary 
of a 
Loan 
Party to 
the extent 
permitted hereunder 
(and not 
created in 
anticipation or 
contemplation 
thereof) 
and 
securing 
Indebtedness 
permitted 
under 
Section 8.7(n); 
provided
 
that 
such 
Liens do not extend to Property not subject 
to such Liens at the time of acquisition 
and are 
no more favorable to the lienholders than such existing Lien; 
 
(m) 
Liens 
encumbering 
any 
Property 
(other 
than 
the 
Collateral) 
to 
secure 
or 
support obligations 
under or 
in respect 
of interest 
rate, foreign 
currency, 
and commodity 
Hedging Agreements entered 
into with financial 
institutions in connection 
with bona fide 
hedging activities in the ordinary course of business and not for speculative purposes; 

 
(n) 
other Liens existing on 
the Closing Date and 
not otherwise permitted above 
listed and identified on Schedule 8.8; 

 
(o) 
contracted 
or 
statutory 
liens 
of 
landlords 
to 
the 
extent 
relating 
to 
the 
property 
and 
assets 
relating 
to 
any 
lease 
agreement 
with 
such 
landlord 
and 
contractual 
Liens of suppliers (including sellers of goods) or customers granted in the ordinary course 
of business to the extent limited to the property or assets related to such contract; 
 
(p) 
Liens on Property of a Person (other than the Collateral) for the 
purpose of 
securing 
indebtedness 
permitted 
by 
Section 
8.7(q) 
and 
which 
do 
not 
encumber 
any 
Collateral; and 
 
(q) 
other 
Liens 
not 
otherwise 
permitted 
in 
subsections (a)-(p) 
above 
granted 
with 
respect 
to 
obligations 
that 
do 
not 
in 
the 
aggregate 
exceed 
$10,000,000 
at 
any 
time 
outstanding, and which do not encumber any Collateral.
Section 8.9. 
Investments, 
Acquisitions, 
Loans 
and 
Advances
. 
No 
Loan 
Party 
shall, 
nor 
shall it 
permit any 
of its 
Subsidiaries to, 
directly or 
indirectly, 
make, retain 
or have 
outstanding 
any investments 
(whether through 
purchase of 
stock or 
obligations or 
otherwise) in, 
or loans 
or 
advances to (other than for travel advances and other similar 
cash advances made to employees in 
the 
ordinary 
course 
of 
business), 
any 
other 
Person, 
or 
acquire 
all 
or 
any 
substantial 
part 
of 
the 
assets or 
business of 
any other 
Person or 
division thereof; 
provided, 
however,
 
that the 
foregoing 
shall not apply to nor operate to prevent: 
 
(a) 
Cash Equivalents and Marketable Securities; 
 
(b) 
the 
Loan 
Parties’ 
existing 
investments 
in 
their 
respective 
Subsidiaries 
outstanding on the Closing Date; 

 
(c) 
intercompany advances made from time to time between 
any Loan Party or 
Subsidiary of any Loan Party and any other Loan 
Party or Subsidiary of any Loan Party in 
the 
ordinary 
course 
of 
business, 
provided 
that 
the 
aggregate 
amount 
of 
all 
such 
intercompany advances made 
to Subsidiaries of 
a Loan Party 
that are not 
Loan Parties or 

-83-
Subsidiaries of 
a Loan 
Party that 
are not 
Wholly-owned Subsidiaries 
shall not 
exceed an 
aggregate amount of $20,000,000 during any fiscal year of the Borrower; 

 
(d) 
investments 
by 
any 
Loan 
Party 
and 
its 
Subsidiaries 
in 
connection 
with 
interest 
rate, 
foreign 
currency, 
and 
commodity 
Hedging 
Agreements 
entered 
into 
with 
financial institutions in connection with 
bona fide hedging activities in 
the ordinary course 
of business and not for speculative purposes; 
 
(e) 
promissory notes 
and other 
non-cash consideration 
received in connection 
with dispositions permitted by Section 8.10; 
 
(f) 
investments 
(including 
debt 
obligations 
and 
equity 
interests) 
received 
in 
connection 
with 
the 
bankruptcy 
or 
reorganization 
of 
suppliers 
and 
customers 
and 
in 
settlement of 
delinquent obligations 
of, and 
other disputes 
with, customers 
and suppliers 
arising 
in 
the 
ordinary 
course 
of 
business 
and 
upon 
the 
foreclosure 
with 
respect 
to 
any 
secured investment or other transfer of title with respect to any secured investment; 
 
(g) 
Permitted Acquisitions; 

 
(h) 
purchases of assets in the ordinary course of business; 
 
(i) 
deposits made in 
the ordinary course 
of business to 
secure performance of 
leases or other obligations as permitted by Section 8.8; 
 
(j) 
other 
investments 
existing 
on 
the 
Closing 
Date 
not 
otherwise 
permitted 
above and listed and identified on Schedule 8.9; 
 
(k) 
investments in joint 
ventures in 
an amount not 
to exceed $30,000,000 
at any 
time 
outstanding, 
provided 
that 
(i) no 
Default 
exists 
both 
immediately 
before 
and 
after 
giving effect to 
such investment, (ii) after 
giving pro forma effect 
to such investment, the 
Borrower and its Subsidiaries are in compliance with 
Section 8.22, and (iii) cash and Cash 
Equivalents 
of 
the 
Borrower 
and 
its 
Subsidiaries 
plus 
availability 
under 
the 
Revolving 
Facility shall equal at least $50,000,000; and 
 
(l) 
other 
investments, 
loans, 
and 
advances 
in 
addition 
to 
those 
otherwise 
permitted by this Section 
in an amount not 
to exceed $25,000,000 in 
the aggregate at any 
one time outstanding. 
In determining the amount of investments, 
acquisitions, loans, and advances permitted under 
this 
Section, investments and acquisitions shall always be taken 
at the original cost thereof (regardless 
of 
any 
subsequent 
appreciation 
or 
depreciation 
therein), 
less 
any 
amount 
in 
respect 
of 
such 
investment upon sale, 
collection or return 
(not to exceed 
the original cost 
thereof) and loans 
and 
advances shall be taken at the principal amount thereof then remaining unpaid. 
Section 8.10. 
Mergers, Consolidations and Sales. 

No Loan Party shall, nor shall it permit 
any 
of 
its 
Subsidiaries 
to, 
be 
a 
party 
to 
any 
merger 
or 
consolidation 
or 
amalgamation, 
or 
sell, 

-84-
transfer, 
lease 
or 
otherwise 
dispose 
of 
all 
or 
any 
material 
part 
of 
its 
Property, 
including 
any 
disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount 
(with 
or 
without 
recourse) 
any 
of 
its 
notes 
or 
accounts 
receivable; 
provided, 
however,
 
that 
this 
Section shall not apply to nor operate to prevent:
 
(a) 
the sale or lease of inventory in the ordinary course of business; 
 
(b) 
the sale, transfer, lease or 
other disposition of Property 
of any Loan Party 
to 
one another in the ordinary course of its business; 

 
(c) 
the merger 
of any 
Loan Party 
or any 
Subsidiary of 
a Loan 
Party with 
and 
into 
the 
Borrower 
or 
any 
other 
Loan 
Party, 
provided 
that, 
in 
the 
case 
of 
any 
merger 
involving 
the 
Borrower 
or 
involving 
a 
Subsidiary 
of 
a 
Loan 
Party 
which 
is 
not 
a 
Loan 
Party, 
the 
Borrower, 
if 
the 
Borrower 
is 
a 
party 
to 
the 
merger, 
or 
a 
Loan 
Party, 
if 
the 
Borrower is not a party to the merger, is the corporation surviving the merger; 
 
(d) 
the sale of delinquent notes 
or accounts receivable in the 
ordinary course of 
business 
for 
purposes 
of 
collection 
only 
(and 
not 
for 
the 
purpose 
of 
any 
bulk 
sale 
or 
securitization transaction); 
 
(e) 
the sale, transfer or other disposition of any 
tangible personal property that, 
in 
the 
reasonable 
business 
judgment 
of 
the 
relevant 
Loan 
Party 
or 
its 
Subsidiary, 
has 
become obsolete or worn out, and which is disposed of in the ordinary course of business; 

 
(f) 
the Disposition of Property 
of any Loan Party 
or any Subsidiary of 
a Loan 
Party (including 
any Disposition 
of Property 
as part 
of a 
sale and 
leaseback transaction) 
aggregating for 
all Loan Parties 
and their 
Subsidiaries not 
more than 
$30,000,000 during 
any fiscal year of 
the Borrower, 
provided
 
that (i) each such Disposition 
shall be made for 
fair 
value 
and (ii) 
at 
least 80% 
of 
the total 
consideration received 
at the 
closing 
of such 
Disposition shall consist of 
cash and at least 
80% of the total 
consideration received after 
taking 
into 
account 
all 
final 
purchase 
price 
adjustments 
and/or 
contingent 
payments 
(including working 
capital adjustment 
or earn-out 
provisions) expressly 
contemplated by 
the transaction documents, when received shall consist of cash; and 
 
(g) 
the sale or other Disposition of marketable securities in the ordinary course 
of business. 
Section 8.11. 
Maintenance of Subsidiaries. 

No Loan Party 
shall assign, 
sell or transfer, nor 
shall it permit any of 
its Subsidiaries to issue, assign, 
sell or transfer, any shares of capital 
stock or 
other equity 
interests of 
a Subsidiary; 
provided, 
however,
 
that the 
foregoing shall 
not operate 
to 
prevent 
(a) the 
issuance, 
sale, 
and 
transfer 
to 
any 
person 
of 
any 
shares 
of 
capital 
stock 
of 
a 
Subsidiary solely for the 
purpose of qualifying, and 
to the extent legally 
necessary to qualify, such 
person as 
a director 
of such 
Subsidiary, 
(b) any transaction 
permitted by 
Section 8.10(c) above, 
and (c) the 
issuance of 
shares of the 
Borrower’s capital 
stock pursuant to 
the Borrower’s 
KSOP, 
or (d) any Excluded Equity Issuances.

-85-
Section 8.12. 
Dividends and Certain Other Restricted Payments. 

No Loan Party shall, nor 
shall it 
permit any 
of its 
Subsidiaries to, 
(a) declare or 
pay any 
dividends on 
or make 
any other 
distributions in respect 
of any class 
or series of 
its capital stock 
or other equity 
interests (other than 
dividends or 
distributions payable 
solely in 
its capital 
stock or 
other equity 
interests), or 
(b) directly 
or indirectly purchase, 
redeem, or otherwise 
acquire or 
retire any of 
its capital stock 
or other equity 
interests or any warrants, options, or 
similar instruments to acquire the same (collectively 
referred 
to herein 
as 
“Restricted Payments”
); 
provided, 
however,
 
that the 
foregoing shall 
not operate 
to 
prevent:
 
(i) 
the making of 
dividends or distributions 
by any Subsidiary 
to the Borrower; 
 
(ii) 
other 
Restricted 
Payments 
made 
in 
compliance 
with 
the 
Borrower’s 
dividend 
policy 
as 
in 
effect 
on 
the 
Closing 
Date 
or 
any 
employee 
stock 
option 
plans 
or 
employee 
incentive 
plans 
or 
other 
compensation 
arrangements, 
or 
SAR 
plans; 
provided 
that no Default exists 
or will arise after 
giving effect to such 
other Restricted Payment; and 
 
(iii) 
other Restricted 
Payments, provided 
that, both 
immediately before 
and after 
giving effect to 
such Restricted Payment 
(A) no Default has 
occurred and 
is continuing 
and 
(B) the 
sum 
of 
cash 
and 
Cash 
Equivalents 
of 
the 
Borrower 
and 
its 
Subsidiaries 
plus 
availability under the Revolving Facility shall equal at least $50,000,000. 
Section 8.13. 
ERISA. 

Each Loan 
Party shall, 
and shall 
cause each 
of its 
Subsidiaries to, 
promptly pay 
and discharge 
all obligations 
and liabilities 
arising under 
ERISA of 
a character 
which 
if unpaid or 
unperformed could reasonably 
be expected to 
result in the 
imposition of a 
Lien against 
any of 
its Property, unless 
being contested 
in good 
faith by 
appropriate proceedings 
which prevents 
the enforcement of any Lien with 
respect thereto. 
Each Loan Party shall, and shall 
cause each of 
its 
Subsidiaries 
to, 
promptly 
notify 
the 
Administrative 
Agent 
and 
each 
Lender 
of: 
(a) the 
occurrence of 
any reportable 
event (as 
defined in 
ERISA) with 
respect to 
a Plan, 
which individually 
or in the 
aggregate, could reasonably 
be expected to 
result in a 
Material Adverse Effect, 
(b) receipt 
of any notice from the 
PBGC of its intention to 
seek termination of any Plan 
or appointment of a 
trustee therefor, (c) its intention to terminate 
or withdraw from any 
Plan, and (d) the occurrence 
of 
any event with respect to any Plan which would result in the incurrence by any Loan Party or any 
Subsidiary of a Loan Party of 
any material liability, fine or penalty, or any material increase in the 
contingent 
liability 
of 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
with 
respect 
to 
any 
post-retirement Welfare Plan benefit, which individually or in the 
aggregate, could reasonably be 
expected to result in a Material Adverse Effect.
Section 8.14. 
Compliance with Laws. 

(a) Each Loan Party 
shall, and shall 
cause each of 
its 
Subsidiaries to, comply 
in all respects 
with all Legal 
Requirements applicable to 
or pertaining to 
its 
Property 
or 
business 
operations, 
where 
any 
such 
non-compliance, 
individually 
or 
in 
the 
aggregate, could reasonably 
be expected to 
have a Material 
Adverse Effect or 
result in a 
Lien upon 
any of its Property.
 
(b) 
Without limiting Section 8.14(a) 
above, each Loan 
Party shall, and 
shall cause each 
of its Subsidiaries 
to, at all 
times, do the 
following to the 
extent the failure 
to do so, 
individually 
or in the 
aggregate, could reasonably 
be expected to 
have a Material 
Adverse Effect: 
(i) comply 

-86-
in 
all 
material 
respects 
with, 
and 
maintain 
each 
of 
the 
Premises 
in 
compliance 
in 
all 
material 
respects 
with, all 
applicable 
Environmental 
Laws; (ii) 
require 
that 
each 
tenant 
and subtenant, 
if 
any, of 
any of the Premises or any 
part thereof comply in all 
material respects with all applicable 
Environmental Laws; 
(iii) obtain and 
maintain in 
full force 
and effect 
all material 
governmental 
approvals required 
by any 
applicable Environmental 
Law for 
the operation 
of their 
business and 
each of the Premises; (iv) cure any material violation by it or at 
any of the Premises of applicable 
Environmental Laws unless and except 
to the extent being contested 
in good faith by appropriate 
proceedings 
which 
prevents 
the 
enforcement 
of 
any 
Lien 
with 
respect 
thereto; 
(v) 
not 
manufacture, 
use, 
generate, 
transport, 
treat, 
store, 
Release, 
dispose 
or 
handle 
any 
Hazardous 
Material (or allow 
any tenant or 
subtenant to do 
any of 
the foregoing) 
at any 
of the Premises 
except 
in the ordinary course 
of its live animal 
agricultural business and in 
material compliance with all 
applicable 
Environmental 
Laws; 
(vi) within 
ten 
(10) 
Business 
Days 
notify 
the 
Administrative 
Agent in writing 
and provide the 
disclosure filing made 
by the Borrower 
with the SEC 
of any of 
the following in 
connection with any Loan 
Party or any 
Subsidiary of a Loan 
Party or any 
of the 
Premises which would be required to be disclosed in an 8-K or 10-Q filing with the SEC: 
(1) any 
Environmental Liability; (2) any 
Environmental Claim; or 
(3) any violation of 
an Environmental 
Law 
or 
Release, 
threatened 
Release 
or 
disposal, 
placement 
or 
land 
application 
of 
a 
Hazardous 
Material, 
product, 
or 
waste, 
including 
manure, 
that 
is 
not 
in 
compliance 
with 
applicable 
Environmental Laws; or (4) any restriction on the ownership, occupancy, 
use or transferability of 
any Premises 
arising from 
or in 
connection with 
any (x) Release, 
threatened Release 
or disposal 
of 
a 
Hazardous 
Material, 
waste 
or 
product, 
including 
manure, 
or 
(y) Environmental 
Law; 
(vii) conduct 
at 
its 
expense 
any 
investigation, 
study, 
sampling, 
testing, 
abatement, 
cleanup, 
removal, remediation or other corrective or 
response action necessary to remove, remediate, 
clean 
up, correct or abate any material Release, threatened material Release or material violation of any 
applicable Environmental 
Law unless 
and except 
to the 
extent being 
contested in 
good faith 
by 
appropriate 
proceedings 
which 
prevents 
the 
enforcement 
of 
any 
Lien 
with 
respect 
thereto, 
(viii) abide 
by 
and 
observe 
any 
restrictions 
on 
the 
use 
of 
the 
Premises 
imposed 
by 
any 
Governmental Authority 
as set 
forth in 
a deed 
or other 
instrument affecting 
any Loan 
Party’s 
or 
any 
of 
its 
Subsidiary’s 
interest 
therein 
unless 
being 
contested 
in 
good 
faith 
by 
appropriate 
proceedings 
which 
prevents 
the 
enforcement 
of 
any 
Lien 
with 
respect 
thereto; 
(ix) promptly 
provide 
or 
otherwise 
make 
available 
to 
the 
Administrative 
Agent 
any 
reasonably 
requested 
environmental record concerning the Premises which any Loan Party or any Subsidiary of a Loan 
Party possesses or 
controls other than 
records subject to 
work product or 
attorney-client or other 
confidentiality privilege 
pursuant to applicable 
law; and (x) perform, 
satisfy, 
and implement any 
operation, maintenance 
or corrective 
actions or 
other requirements 
of any 
Governmental Authority 
or Environmental Law, or included in any no further action letter or covenant not to sue issued by 
any Governmental Authority under any Environmental Law unless and except to the extent being 
contested in 
good faith 
by appropriate 
proceedings which 
prevents the 
enforcement of 
any Lien 
with respect thereto. 
Section 8.15. 
Compliance 
with 
OFAC 
Sanctions 
Programs 
and 
Anti-Corruption 
Laws. 

(a) Each Loan Party shall 
at all times comply 
in all material respects 
with the requirements of 
all 
OFAC Sanctions 
Programs applicable to such Loan Party and 
shall cause each of its Subsidiaries 
to 
comply 
in 
all 
material 
respects 
with 
the 
requirements 
of 
all 
OFAC 
Sanctions 
Programs 
applicable to such Subsidiary.

-87-
 
(b) 
Each 
Loan 
Party 
shall 
provide 
the 
Administrative 
Agent 
and 
the 
Lenders 
any 
information regarding 
the Loan 
Parties, their 
Affiliates, 
and their 
Subsidiaries necessary 
for the 
Administrative Agent and 
the Lenders to 
comply with all 
applicable OFAC 
Sanctions Programs; 
subject 
however, 
in 
the 
case 
of 
Affiliates, 
to 
such 
Loan 
Party’s 
ability 
to 
provide 
information 
applicable to them. 

 
(c) 
If any 
Loan Party 
obtains actual 
knowledge or 
receives any 
written notice 
that any 
Loan Party, 
any Subsidiary 
of any 
Loan Party, 
or any 
officer, 
director or 
Affiliate 
of any 
Loan 
Party or 
that any 
Person that owns 
or controls 
any such 
Person is 
the target of 
any OFAC Sanctions 
Programs or is located, 
organized or resident in a 
country or territory that 
is, or whose government 
is, the subject of 
any OFAC Sanctions Programs (such occurrence, an 
“OFAC 
Event”
), such Loan 
Party shall 
promptly (i) give 
written notice 
to the 
Administrative Agent 
and the 
Lenders of 
such 
OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such 
OFAC 
Event 
(regardless 
of 
whether 
the 
target 
Person 
is 
located 
within 
the 
jurisdiction 
of 
the 
United States of America), including the OFAC Sanctions Programs, and each Loan Party hereby 
authorizes and consents to 
the Administrative Agent and 
the Lenders taking any 
and all steps the 
Administrative Agent 
or the 
Lenders deem 
necessary, 
in their 
sole but 
reasonable discretion, 
to 
avoid 
violation 
of 
all 
applicable 
laws 
with 
respect 
to 
any 
such 
OFAC 
Event, 
including 
the 
requirements of the 
OFAC 
Sanctions Programs (including 
the freezing 
and/or blocking 
of assets 
and reporting such action to OFAC). 
 
(d) 
No Loan 
Party will, 
directly or, 
to any 
Loan Party’s 
knowledge, indirectly, 
use the 
proceeds of 
the Revolving 
Facility of 
an Incremental 
Term 
Loan (if 
any), or 
lend, contribute 
or 
otherwise make available such proceeds to any other Person, 
(i) to fund any activities or business 
of or with any Person or in any country or territory, 
that, at the time of such funding, is, or whose 
government 
is, 
the 
subject 
of 
any 
OFAC 
Sanctions 
Programs, 
or 
(ii) in 
any 
other 
manner 
that 
would result in a violation of OFAC 
Sanctions Programs or Anti-Corruption Laws by any Person 
(including 
any 
Person 
participating 
in 
the 
Revolving 
Facility 
or 
any 
Incremental 
Term 
Loan, 
whether as underwriter, lender, advisor, 
investor, or otherwise). 
 
(e) 
No Loan Party will, nor will it permit any Subsidiary to, violate any Anti-Corruption 
Law in any material respect. 
 
(f) 
Each Loan 
Party will 
maintain in 
effect policies 
and procedures 
designed to 
ensure 
compliance 
by 
the 
Loan 
Parties, 
their 
Subsidiaries, 
and 
their 
respective 
directors, 
officers, 
employees, and agents with applicable Anti-Corruption Laws. 
Section 8.16. 
Burdensome 
Contracts 
With 
Affiliates. 
 
No 
Loan 
Party 
shall, 
nor 
shall 
it 
permit 
any 
of 
its 
Subsidiaries 
to, 
enter 
into 
any 
material 
contract, 
agreement 
or 
business 
arrangement with 
any of 
its Affiliates 
on terms 
and conditions 
which are 
less favorable 
to such 
Loan Party or 
such Subsidiary than 
would be usual 
and customary in 
similar contracts, agreements 
or 
business 
arrangements 
between 
Persons 
not 
affiliated 
with 
each 
other; 
provided 
that 
the 
foregoing restriction shall not apply to transactions between or among the Loan Parties.

-88-
Section 8.17. 
No 
Changes 
in 
Fiscal 
Year.
 
The 
fiscal 
year 
of 
the 
Borrower 
and 
its 
Subsidiaries ends on or about May 31 of each year; and the Borrower shall not, nor shall it permit 
any Subsidiary to, change its fiscal year from its present basis.
Section 8.18. 
Formation 
of 
Subsidiaries.
 
Promptly 
upon 
the 
formation 
or acquisition 
of 
any Subsidiary, 
the Loan 
Parties shall 
provide the 
Administrative Agent 
and the 
Lenders notice 
thereof 
(at 
which 
time 
Schedule 6.2 
shall 
be 
deemed 
amended 
to 
include 
reference 
to 
such 
Subsidiary. 
The 
Loan 
Parties 
shall, 
and 
shall 
cause 
their 
Wholly-owned 
Subsidiaries 
that 
are 
Domestic Subsidiaries to, timely 
comply with the requirements 
of Sections 11 and 12
with respect 
to any Subsidiary that is required to become a Guarantor hereunder. 

Section 8.19. 
Change in 
the Nature 
of Business. 

No Loan 
Party shall, 
nor shall 
it permit 
any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the 
business of 
such Loan 
Party or 
any of 
its Subsidiaries 
would be 
changed in 
any material 
respect 
from the general nature of the business engaged in by it as of 
the Closing Date or an Eligible Line 
of Business.
Section 8.20. 
Use 
of 
Proceeds
. 
The 
Borrower 
shall 
use 
the 
credit 
extended 
under 
this 
Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4. 
Section 8.21. 
No Restrictions
. 
Except as provided herein or exist as 
of the date hereof, no 
Loan Party shall, nor shall 
it permit any of its 
Wholly-owned Subsidiaries to, directly 
or indirectly 
create or 
otherwise cause 
or suffer 
to exist 
or become 
effective any 
consensual encumbrance 
or 
restriction of any kind 
on the ability of 
any Loan Party or 
any Wholly-owned Subsidiary of 
a Loan 
Party to: 
(a) pay dividends or make any other 
distribution on any such Subsidiary’s 
capital stock 
or 
other 
equity 
interests 
owned 
by 
such 
Loan 
Party 
or 
any 
of 
its 
Wholly-owned 
Subsidiaries, 
(b) pay 
any 
indebtedness 
owed 
to 
any 
Loan 
Party 
or 
any 
of 
its 
Wholly-owned 
Subsidiaries, 
(c) make loans 
or advances 
to any 
Loan Party 
or any 
of its 
Wholly-owned Subsidiaries, 
(d) transfer 
any of 
its Property 
to any 
Loan Party 
or any 
of its 
Wholly-owned Subsidiaries, 
or (e) guarantee 
the Secured 
Obligations and/or 
grant Liens 
on its 
assets to 
the Administrative 
Agent as 
required 
by the Loan Documents. 
Section 8.22. 
Financial Covenants. 
 
(a) 
Total 
Funded Debt to Capitalization 
Ratio
. 
As of the 
last day of each 
fiscal quarter 
of the 
Borrower ending 
on or 
after November 
27, 2021, 
the Borrower 
shall not 
permit the 
Total 
Funded Debt to Capitalization Ratio to be greater than 50.0%. 
 
(b) 
Minimum Tangible 
Net Worth
. 
The Borrower 
shall not 
permit Tangible 
Net Worth 
to be less than (i) $700,000,000 for the fiscal quarter ended November 27, 2021, plus (ii) for each 
fiscal 
quarter 
ending 
thereafter, 
50% 
of 
Net 
Income 
for 
such 
fiscal 
quarter 
(if 
Net 
Income 
is 
positive) less 
Restricted Payments 
permitted to 
be made 
pursuant to 
Section 8.12 
during such 
fiscal 
quarter. 

-89-
S
ECTION
 
9. 
E
VENTS OF 
D
EFAULT 
AND 
R
EMEDIES
. 
Section 9.1.
Events 
of 
Default.
 
Any 
one 
or 
more 
of 
the 
following 
shall 
constitute 
an 
“Event of Default”
 
hereunder:
 
(a) 
default for a 
period of five 
(5) days in 
the payment when 
due of all 
or any 
part of the 
principal of any 
Loan (whether at 
the stated maturity 
thereof or at 
any other time 
provided 
for 
in 
this 
Agreement) 
or 
of 
any 
Reimbursement 
Obligation, 
or 
default 
for 
a 
period 
of 
five 
(5) Business 
Days 
in 
the 
payment 
when 
due 
of 
any 
interest,
fee 
or 
other 
Obligation payable hereunder or under any other Loan Document; 

 
(b) 
default 
in 
the 
observance 
or 
performance 
of 
any 
covenant 
set 
forth 
in 
Sections 8.1(a), 8.10, 8.12, 8.17, 8.20 or 8.22 of this Agreement; 
 
(c) 
default in 
the observance 
or performance 
of any 
other provision 
hereof or 
of any other Loan Document 
which is not remedied within 
thirty (30) days after the earlier 
of (i) the date on 
which such failure 
shall first become known 
to any Responsible 
Officer 
of 
any 
Loan 
Party 
or 
(ii) written 
notice 
thereof 
is 
given 
to 
the 
Borrower 
by 
the 
Administrative Agent; 

 
(d) 
any representation or warranty 
made herein or in 
any other Loan Document 
or in any certificate 
furnished to the Administrative Agent 
or the Lenders pursuant hereto 
or 
thereto 
or 
in 
connection 
with 
any 
transaction 
contemplated 
hereby 
or 
thereby 
proves 
untrue in any material 
respect as of the 
date of the issuance 
or making or deemed 
making 
thereof; 

 
(e) 
(i) any 
event 
occurs 
or 
condition 
exists 
(other 
than 
those 
described 
in 
subsections (a) through 
(d) above) 
which is 
specified as 
an event 
of default 
under any 
of 
the other Loan Documents, 
or (ii) any of the 
Loan Documents shall for 
any reason not be 
or shall cease to be in full force and effect or is declared to be null and void, or (iii) any of 
the 
Collateral 
Documents 
shall 
for 
any 
reason 
fail 
to 
create 
a 
valid 
and 
perfected 
first 
priority Lien 
in favor 
of the 
Administrative Agent 
in any 
Collateral purported 
to be 
covered 
thereby except as 
expressly permitted by 
the terms hereof, 
or (iv) any Loan 
Party takes any 
action 
for 
the 
purpose 
of 
terminating, 
repudiating 
or 
rescinding 
any 
Loan 
Document 
executed by it or any of its obligations thereunder;
 
(f) 
default 
shall 
occur 
under 
any 
Material 
Indebtedness 
issued, 
assumed 
or 
guaranteed by any 
Loan Party or 
any Subsidiary of 
a Loan Party, 
or under any indenture, 
agreement or other instrument under which the 
same may be issued, and such default 
shall 
continue for 
a period 
of time 
sufficient 
to permit 
the acceleration 
of the 
maturity of 
any 
such 
Material 
Indebtedness 
(whether or 
not 
such 
maturity 
is in 
fact 
accelerated), or 
any 
such Material Indebtedness shall not 
be paid when due (whether 
by demand, lapse of time, 
acceleration or otherwise); 
 
(g) 
(i) any 
judgment 
or 
judgments, 
writ 
or 
writs 
or 
warrant 
or 
warrants 
of 
attachment, or any similar process or processes, shall be 
entered or filed against any Loan 

-90-
Party or any Subsidiary 
of a Loan Party, 
or against any of 
their respective Property, 
in an 
aggregate amount for all such Persons in excess of $25,000,000 (except to the extent fully 
covered 
by 
insurance 
pursuant 
to 
which 
the 
insurer 
has 
accepted 
liability 
therefor 
in 
writing), and which 
remains undischarged, 
unvacated, unbonded or 
unstayed for a 
period 
of 
30 days, or 
any 
action shall 
be legally 
taken 
by 
a 
judgment creditor 
to attach 
or levy 
upon any Property 
of any Loan 
Party or any 
Subsidiary of a 
Loan Party to 
enforce any such 
judgment, 
or 
(ii) any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
shall 
fail 
within 
thirty (30) 
days 
to 
discharge 
one 
or 
more 
non-monetary 
judgments 
or 
orders 
which, 
individually or in the aggregate, could reasonably be expected to have a Material Adverse 
Effect, which judgments or orders, in any such case, are not stayed on appeal or otherwise 
being appropriately contested in good faith by proper proceedings diligently pursued; 

 
(h) 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party, 
or 
any 
member 
of 
its 
Controlled 
Group, 
shall 
fail 
to 
pay 
when 
due 
an 
amount 
or 
amounts 
aggregating 
for 
all 
such 
Persons 
in 
excess 
of 
$20,000,000 
which 
it 
shall 
have 
become 
liable 
to 
pay 
to 
the 
PBGC or to 
a Plan under 
Title 
IV of ERISA; 
or notice of 
intent to terminate 
a Plan or 
Plans 
having 
aggregate 
Unfunded 
Vested 
Liabilities 
in 
excess 
of 
$20,000,000 
(collectively, 
a 
“Material 
Plan”
) 
shall 
be 
filed 
under 
Title IV 
of 
ERISA 
by 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party, 
or 
any 
other 
member 
of 
its 
Controlled 
Group, 
any 
plan 
administrator or any 
combination of the 
foregoing; or the 
PBGC shall institute 
proceedings 
under Title 
IV of 
ERISA to 
terminate or 
to cause 
a trustee 
to be 
appointed to 
administer 
any Material 
Plan or 
a proceeding 
shall be 
instituted by 
a fiduciary 
of any 
Material Plan 
against any Loan Party or 
any Subsidiary of a Loan 
Party, or any member of its Controlled 
Group, to enforce Section 515 or 4219(c)(5) of 
ERISA and such proceeding shall not 
have 
been dismissed 
within ninety (90) 
days thereafter; 
or a 
condition shall 
exist by 
reason of 
which the PBGC 
would be entitled 
to obtain a 
decree adjudicating that 
any Material Plan 
must be terminated; 

 
(i) 
any Change of Control shall occur; 
 
(j) 
any 
Loan 
Party 
or 
any 
Subsidiary 
of 
a 
Loan 
Party 
shall 
(i) have 
entered 
involuntarily 
against 
it 
an 
order 
for 
relief 
under 
the 
United 
States 
Bankruptcy 
Code, 
as 
amended, (ii) 
not pay, 
or admit 
in writing 
its inability 
to pay, 
its debts 
generally as 
they 
become 
due, 
(iii) make 
an 
assignment 
for 
the 
benefit 
of 
creditors, 
(iv) apply 
for, 
seek, 
consent 
to 
or 
acquiesce 
in, 
the 
appointment 
of 
a 
receiver, 
custodian, 
trustee, 
examiner, 
liquidator or 
similar official 
for it 
or any 
substantial part 
of its 
Property, 
(v) institute any 
proceeding seeking 
to have 
entered against 
it an 
order for 
relief under 
the United 
States 
Bankruptcy Code, as 
amended, to adjudicate 
it insolvent, or 
seeking dissolution, winding 
up, liquidation, 
reorganization, arrangement, 
adjustment or 
composition of 
it or 
its debts 
under any law 
relating to bankruptcy, 
insolvency or reorganization 
or relief of 
debtors or 
fail 
to 
file 
an 
answer 
or 
other 
pleading 
denying 
the 
material 
allegations 
of 
any 
such 
proceeding filed 
against it, 
(vi) take any 
corporate or 
similar action 
in furtherance 
of any 
matter 
described 
in 
parts (i) 
through 
(v) 
above, 
or 
(vii) fail 
to 
contest 
in 
good 
faith 
any 
appointment or proceeding described in Section 9.1(k); or 

-91-
 
(k) 
a custodian, 
receiver, 
trustee, examiner, 
liquidator or 
similar official 
shall 
be appointed for any Loan Party or any Subsidiary of a Loan Party, or any substantial part 
of 
any 
of 
its 
Property, 
or 
a 
proceeding 
described 
in 
Section 9.1(j)(v) 
shall 
be 
instituted 
against any Loan Party or 
any Subsidiary of a 
Loan Party, and such appointment continues 
undischarged 
or 
such 
proceeding 
continues 
undismissed 
or 
unstayed 
for 
a 
period 
of 
60 days. 
Section 9.2.
Non-Bankruptcy 
Defaults.
 
When 
any 
Event 
of 
Default 
(other 
than 
those 
described in subsection (j) or (k) of Section 9.1 
with respect to the Borrower) has occurred and 
is 
continuing, the Administrative Agent shall, 
by written notice to 
the Borrower: (a) if so 
directed by 
the 
Required 
Lenders, 
terminate 
the 
remaining 
Commitments 
and 
all 
other 
obligations 
of 
the 
Lenders 
hereunder 
on 
the 
date 
stated 
in 
such 
notice 
(which 
may 
be 
the 
date 
thereof); 
(b) if 
so 
directed 
by 
the 
Required 
Lenders, 
declare 
the 
principal 
of 
and 
the 
accrued 
interest 
on 
all 
outstanding Loans to 
be forthwith due 
and payable and 
thereupon all outstanding 
Loans, including 
both 
principal 
and 
interest 
thereon, 
shall 
be 
and become 
immediately 
due and 
payable 
together 
with all other amounts 
payable under the Loan Documents 
without further demand, presentment, 
protest 
or 
notice 
of 
any 
kind; 
and 
(c) if 
so 
directed 
by 
the 
Required 
Lenders, 
demand 
that 
the 
Borrower immediately deliver to the Administrative Agent Cash Collateral in an amount equal 
to 
105% of the aggregate amount of each Letter of Credit then outstanding, and the 
Borrower agrees 
to immediately make 
such payment and 
acknowledges and agrees 
that the Lenders 
would not have 
an 
adequate 
remedy 
at 
law 
for 
failure 
by 
the 
Borrower 
to 
honor 
any 
such 
demand 
and 
that 
the 
Administrative Agent, for the 
benefit of the Lenders, 
shall have the right to 
require the Borrower 
to 
specifically 
perform 
such 
undertaking 
whether 
or 
not 
any 
drawings 
or 
other 
demands 
for 
payment have been 
made under any 
Letter of Credit. 
In addition, the 
Administrative Agent may 
exercise on behalf of itself, 
the Lenders and the L/C 
Issuer all rights and remedies 
available to it, 
the Lenders and 
the L/C Issuer 
under the Loan 
Documents or applicable 
law or equity 
when any 
such Event of Default has 
occurred and is continuing. 
The Administrative Agent shall give notice 
to the Borrower under Section 9.1(c) promptly upon being 
requested to do so by any Lender. 
The 
Administrative 
Agent, 
after 
giving 
notice 
to 
the 
Borrower 
pursuant 
to 
Section 9.1(c) 
or 
this 
Section 9.2, shall also promptly send a copy of such notice to the other Lenders, but the 
failure to 
do so shall not impair or annul the effect of such notice.
Section 9.3. 
Bankruptcy Defaults
. 
When any 
Event of 
Default described 
in subsections (j) 
or 
(k) 
of 
Section 9.1 
with 
respect 
to 
the 
Borrower 
has 
occurred 
and 
is 
continuing, 
then 
all 
outstanding 
Loans 
shall 
immediately 
become 
due 
and 
payable 
together 
with 
all 
other 
amounts 
payable under 
the Loan 
Documents without 
presentment, demand, 
protest or 
notice of 
any kind, 
the 
obligation 
of 
the 
Lenders 
to 
extend 
further 
credit 
pursuant 
to 
any 
of 
the 
terms 
hereof 
shall 
immediately terminate 
and the 
Borrower shall 
immediately deliver 
to the 
Administrative 
Agent 
Cash Collateral in an amount equal 
to 105% of the aggregate amount of 
each Letter of Credit then 
outstanding, 
the 
Borrower 
acknowledging 
and 
agreeing 
that 
the 
Lenders 
would 
not 
have 
an 
adequate remedy 
at law 
for failure 
by the 
Borrower to 
honor any 
such demand 
and that 
the Lenders, 
and 
the 
Administrative 
Agent 
on 
their 
behalf, 
shall 
have 
the 
right 
to 
require 
the 
Borrower 
to 
specifically 
perform 
such undertaking 
whether 
or not 
any draws 
or 
other demands 
for 
payment 
have been 
made under 
any of 
the Letters 
of Credit. 
In addition, 
the Administrative 
Agent may 
exercise on behalf of itself, 
the Lenders and the L/C 
Issuer all rights and remedies 
available to it, 

-92-
the Lenders and 
the L/C Issuer 
under the Loan 
Documents or applicable 
law or equity 
when any 
such Event of Default has occurred and is continuing. 
Section 9.4. 
Collateral 
for 
Undrawn 
Letters 
of 
Credit
. 
(a) If 
the 
prepayment 
of 
the 
amount available for drawing under any or all outstanding 
Letters of Credit is required under any 
of Sections 2.3(b), 
2.8(b), Section 2.13, 
2.14, 9.2 
or 9.3 
above, the 
Borrower shall 
forthwith pay 
the 
amount 
required 
to 
be 
so 
prepaid, 
to 
be 
held 
by 
the 
Administrative 
Agent 
as 
provided 
in 
subsection (b) below. 
 
(b) 
All 
amounts 
prepaid 
pursuant 
to 
subsection (a) 
above 
shall 
be 
held 
by 
the 
Administrative Agent 
in one 
or more 
separate collateral 
accounts (each 
such account, 
and the 
credit 
balances, properties, and any investments 
from time to time held 
therein, and any substitutions for 
such account, 
any certificate 
of deposit 
or other 
instrument evidencing 
any of 
the foregoing 
and 
all 
proceeds 
of 
and 
earnings 
on 
any 
of 
the 
foregoing 
being 
collectively 
called 
the 
“Collateral 
Account”
) as security 
for, and for application 
by the Administrative 
Agent (to the 
extent available) 
to, the 
reimbursement of 
any payment 
under any 
Letter of 
Credit then 
or thereafter 
made by 
the 
L/C Issuer, 
and 
to 
the 
payment 
of 
the 
unpaid 
balance 
of 
all 
other 
Secured 
Obligations. 
The 
Collateral Account shall be held in the name of and subject to the exclusive dominion and control 
of 
the 
Administrative 
Agent 
for 
the 
benefit 
of 
the 
Administrative 
Agent, 
the 
Lenders, 
and 
the 
L/C Issuer. 
If and when 
requested by the 
Borrower, the 
Administrative Agent shall 
invest funds 
held in 
the Collateral 
Account from 
time to 
time in 
direct obligations 
of, or 
obligations the 
principal 
of and interest 
on which are 
unconditionally guaranteed by, 
the United States 
of America with 
a 
remaining 
maturity 
of 
one 
year 
or 
less, 
provided
 
that 
the 
Administrative 
Agent 
is 
irrevocably 
authorized 
to 
sell 
investments 
held 
in 
the 
Collateral 
Account 
when 
and 
as 
required 
to 
make 
payments 
out 
of 
the 
Collateral 
Account 
for 
application 
to 
amounts 
due 
and 
owing 
from 
the 
Borrower 
to 
the 
L/C Issuer, 
the 
Administrative 
Agent 
or 
the 
Lenders. 
Subject 
to 
the 
terms 
of 
Sections 2.13 and 2.14, if 
the Borrower shall have 
made payment of all 
obligations referred to in 
subsection (a) 
above 
required 
under 
Section 2.8(b), 
at 
the 
request 
of 
the 
Borrower 
the 
Administrative Agent shall 
release to the 
Borrower amounts held 
in the Collateral 
Account so long 
as at the 
time of the 
release and after 
giving effect 
thereto no Default 
exists. 
After all Letters 
of 
Credit have expired 
or been cancelled 
and the expiration 
or termination of 
all Commitments, at 
the 
request of the 
Borrower, the Administrative Agent 
shall release any 
remaining amounts held 
in the 
Collateral Account following payment in full in cash of all Secured Obligations. 
Section 9.5. 
Post-Default 
Collections
. 
Anything 
contained 
herein 
or 
in 
the 
other 
Loan 
Documents 
to 
the 
contrary 
notwithstanding 
(including, 
without 
limitation, 
Section 2.8(b)), 
all 
payments and collections received in respect of 
the Obligations and all proceeds of the 
Collateral 
and payments made under or 
in respect of the Guaranty 
Agreements received, in each instance, 
by 
the 
Administrative 
Agent 
or 
any 
of 
the 
Lenders 
after 
acceleration 
or 
the 
final 
maturity 
of 
the 
Obligations or termination of 
the Commitments as a 
result of an Event 
of Default shall 
be remitted 
to the Administrative Agent and distributed as follows: 
 
(a) 
first, to the payment of any outstanding costs 
and expenses incurred by the 
Administrative 
Agent, 
and 
any 
security 
trustee 
therefor, 
in 
monitoring, 
verifying, 
protecting, preserving or enforcing the Liens on 
the Collateral, in protecting, preserving or 
enforcing 
rights 
under 
the 
Loan 
Documents, 
and 
in 
any 
event 
including 
all 
costs 
and 

-93-
expenses 
of 
a 
character 
which 
the 
Loan 
Parties 
have 
agreed 
to 
pay 
the 
Administrative 
Agent under 
Section 13.4 (such 
funds to 
be retained 
by the 
Administrative Agent 
for its 
own account unless 
it has previously 
been reimbursed for 
such costs and expenses 
by the 
Lenders, in which event such 
amounts shall be remitted to 
the Lenders to reimburse them 
for payments theretofore made to the Administrative Agent); 

 
(b) 
second, to 
the payment 
of any 
outstanding interest 
and fees 
due under 
the 
Loan Documents to be 
allocated pro rata in accordance 
with the aggregate unpaid 
amounts 
owing to each holder thereof; 
 
(c) 
third, 
to 
the 
payment 
of 
principal 
on 
the 
Loans, 
unpaid 
Reimbursement 
Obligations, together 
with amounts 
to be 
held by 
the Administrative 
Agent as 
collateral 
security 
for 
any 
outstanding 
L/C Obligations 
pursuant 
to 
Section 9.4 
(until 
the 
Administrative Agent is holding an amount of cash equal to 105% of the then outstanding 
amount of all such L/C Obligations), and Hedging 
Liability, the aggregate amount paid to, 
or held 
as collateral 
security for, 
the Lenders 
and L/C Issuer 
and, in 
the case 
of Hedging 
Liability, 
their Affiliates to 
be allocated pro 
rata in accordance 
with the aggregate 
unpaid 
amounts owing to each holder thereof; 

 
(d) 
fourth, to the payment of all other unpaid Secured 
Obligations and all other 
indebtedness, obligations, 
and liabilities 
of the 
Borrower and 
its Subsidiaries 
secured by 
the 
Loan 
Documents 
(including, 
without 
limitation, 
Bank 
Product 
Obligations) 
to 
be 
allocated pro rata 
in accordance with the 
aggregate unpaid amounts 
owing to each 
holder 
thereof; and 
 
(e) 
finally, to the Borrower or whoever else may be lawfully entitled thereto. 
S
ECTION
 
10. 
T
HE 
A
DMINISTRATIVE 
A
GENT
. 
 
Section 10.1. 
Appointment and Authority
. 
Each of the Lenders and the L/C Issuers hereby 
irrevocably 
appoints 
BMO 
Harris 
Bank 
N.A.
to 
act 
on 
its 
behalf 
as 
the 
Administrative 
Agent 
hereunder and under 
the other Loan 
Documents and authorizes 
the Administrative Agent 
to take 
such actions on 
its behalf 
and to exercise 
such powers as 
are delegated to 
the Administrative 
Agent 
by the terms hereof or thereof, together with such actions and powers as are reasonably incidental 
thereto. 
The provisions of 
this Section 10 are 
solely for the 
benefit of the 
Administrative Agent, 
the Lenders 
and the 
L/C Issuers, 
and neither 
the Borrower 
nor any 
other Loan 
Party shall 
have 
rights as a 
third-party beneficiary of 
any of such 
provisions. 
It is understood 
and agreed that 
the 
use of 
the term 
“agent” herein 
or in 
any other 
Loan Documents 
(or any 
other similar 
term) with 
reference to the Administrative 
Agent is not intended 
to connote any fiduciary 
or other implied (or 
express) 
obligations 
arising 
under 
agency 
doctrine 
of 
any 
applicable 
law. 
Instead 
such 
term 
is 
used 
as 
a 
matter 
of 
market 
custom, 
and 
is 
intended 
to 
create 
or 
reflect 
only 
an 
administrative 
relationship between contracting parties. 
 
Section 10.2. 
Rights 
as 
a 
Lender
. 
The 
Person 
serving 
as 
the 
Administrative 
Agent 
hereunder shall 
have the 
same rights 
and powers 
in its 
capacity as 
a Lender 
as any 
other Lender 
and may exercise the same as though 
it were not the Administrative Agent, and 
the term “Lender” 

-94-
or “Lenders” shall, unless otherwise 
expressly indicated or unless the 
context otherwise requires, 
include the Person serving as the Administrative 
Agent hereunder in its individual capacity. 
Such 
Person and 
its Affiliates 
may accept 
deposits from, 
lend money 
to, own 
securities of, 
act as 
the 
financial advisor 
or in 
any other 
advisory capacity 
for, and generally 
engage in 
any kind 
of business 
with, 
the 
Borrower 
or 
any 
Subsidiary 
or 
other 
Affiliate 
thereof 
as 
if 
such 
Person 
were 
not 
the 
Administrative Agent hereunder and without any duty to account therefor to the Lenders. 
Section 10.3. 
Action 
by 
Administrative 
Agent; 
Exculpatory 
Provisions
. 
(a) The 
Administrative 
Agent 
shall 
not 
have 
any 
duties 
or 
obligations 
except 
those 
expressly 
set 
forth 
herein and in 
the other Loan 
Documents, and its 
duties hereunder shall 
be administrative in 
nature. 

Without limiting the generality of the 
foregoing, the Administrative Agent and its 
Related Parties: 
 
(i) 
shall not 
be subject 
to any 
fiduciary or 
other implied 
duties, regardless 
of 
whether a Default has occurred and is continuing; 
 
(ii) 
shall 
not 
have 
any 
duty 
to 
take 
any 
discretionary 
action 
or 
exercise 
any 
discretionary 
powers, 
except 
discretionary 
rights 
and 
powers 
expressly 
contemplated 
hereby 
or 
by 
the 
other 
Loan 
Documents 
that 
the 
Administrative 
Agent 
is 
required 
to 
exercise as 
directed in 
writing by 
the Required 
Lenders (or 
such other 
number or 
percentage 
of the Lenders as shall be 
expressly provided for herein or in 
the other Loan Documents), 
provided
 
that the Administrative Agent shall 
not be required to take 
any action that, in its 
opinion or the opinion 
of its counsel, may 
expose the Administrative Agent 
to liability or 
that is 
contrary to 
any Loan 
Document or 
applicable law, 
including for 
the avoidance 
of 
doubt any 
action that 
may be 
in violation 
of the 
automatic stay 
under any 
Debtor Relief 
Law or that 
may effect a forfeiture, 
modification or termination 
of property of 
a Defaulting 
Lender in violation of any Debtor Relief 
Law. 
The Administrative Agent shall in all cases 
be fully justified in failing or refusing to act hereunder or 
under any other Loan Document 
unless it first 
receives any further 
assurances of its 
indemnification from the 
Lenders that 
it may 
require, including 
prepayment of 
any related 
expenses and 
any other 
protection it 
requires against 
any and 
all costs, 
expense, and 
liability which 
may be 
incurred by 
it by 
reason of taking or continuing to take any such action; and 
 
(iii) 
shall 
not, 
except 
as 
expressly 
set 
forth 
herein 
and 
in 
the 
other 
Loan 
Documents, 
have 
any 
duty 
or 
responsibility 
to 
disclose, 
and 
shall 
not 
be 
liable 
for 
the 
failure to disclose, 
any information relating 
to any Loan 
Party or any 
of its Affiliates 
that 
is communicated to or obtained 
by the Person serving as the 
Administrative Agent or any 
of its Affiliates in any capacity. 
 
(b) 
Neither the Administrative Agent 
nor any of its 
Related Parties shall be 
liable for any 
action taken or not taken by 
the Administrative Agent under or 
in connection with this Agreement 
or 
any 
other 
Loan 
Document 
or 
the 
transactions 
contemplated 
hereby 
or 
thereby 
(i) with 
the 
consent 
or 
at 
the 
request 
of 
the 
Required 
Lenders 
(or 
such 
other 
number 
or 
percentage 
of 
the 
Lenders as shall be 
necessary, 
or as the Administrative 
Agent shall believe in 
good faith shall 
be 
necessary, 
under the 
circumstances as 
provided in 
Sections 9.2, 9.3, 
9.4, 9.5 
and 13.3), 
or (ii) in 
the 
absence 
of 
its 
own 
gross 
negligence 
or 
willful 
misconduct 
as 
determined 
by 
a 
court 
of 
competent jurisdiction by final 
and nonappealable judgment. 
Any such action taken 
or failure to 

-95-
act pursuant to the foregoing 
shall be binding on all 
Lenders. 
The Administrative Agent shall 
be 
deemed not 
to have 
knowledge of 
any Default 
unless and 
until notice 
describing such Default 
is 
given to the Administrative Agent in writing by the Borrower, a Lender, or the L/C Issuer. 
 
(c) 
Neither the Administrative 
Agent nor any 
of its Related 
Parties shall be 
responsible 
for or have any 
duty or obligation 
to any Lender or 
L/C Issuer or 
participant or any other 
Person 
to ascertain or inquire into (i) 
any statement, warranty or representation 
made in or in connection 
with 
this 
Agreement 
or 
any 
other 
Loan 
Document, 
(ii) the 
contents 
of 
any 
certificate, 
report or 
other document delivered hereunder or thereunder or 
in connection herewith or therewith, (iii) the 
performance or 
observance of 
any of 
the covenants, 
agreements or 
other terms 
or conditions 
set 
forth 
herein 
or 
therein 
or 
the 
occurrence 
of 
any 
Default, 
(iv) the 
validity, 
enforceability, 
effectiveness or genuineness 
of this 
Agreement, any 
other Loan 
Document or 
any other 
agreement, 
instrument or document, or the creation, perfection or priority of any Lien purported to be created 
by the Collateral Documents, (v) the value or sufficiency of any Collateral, or (vi) the satisfaction 
of any condition 
set forth in 
Section 7.1 or 7.2 
or elsewhere herein, 
other than to 
confirm receipt 
of items expressly required to be delivered to the Administrative Agent. 
 
Section 10.4. 
Reliance 
by 
Administrative 
Agent
. 
The 
Administrative 
Agent 
shall 
be 
entitled to 
rely upon, 
and shall 
be fully 
protected in 
relying and 
shall not 
incur any 
liability for 
relying 
upon, 
any 
notice, 
request, 
certificate, 
communication, 
consent, 
statement, 
instrument, 
document or other writing (including any 
electronic message, Internet or intranet website posting 
or 
other 
distribution) 
believed 
by 
it 
to 
be 
genuine 
and 
to 
have 
been 
signed, 
sent 
or 
otherwise 
authenticated by the proper Person. 
The Administrative Agent also may rely 
upon any statement 
made to it orally or 
by telephone and believed by 
it to have been made 
by the proper Person, and 
shall 
be 
fully 
protected 
in 
relying 
and 
shall 
not 
incur 
any 
liability 
for 
relying 
thereon. 
In 
determining compliance 
with any 
condition hereunder 
to the 
making of 
a Loan, 
or the 
issuance, 
extension, 
renewal 
or 
increase 
of 
a 
Letter 
of 
Credit, 
that 
by 
its 
terms 
must 
be 
fulfilled 
to 
the 
satisfaction 
of 
a 
Lender 
or 
an 
L/C 
Issuer, 
the 
Administrative 
Agent 
may 
presume 
that 
such 
condition is satisfactory to 
such Lender or L/C Issuer 
unless the Administrative Agent shall 
have 
received notice to 
the contrary from 
such Lender or 
L/C Issuer prior 
to the making 
of such Loan 
or the issuance 
of such Letter of 
Credit. 
The Administrative Agent 
may consult with legal 
counsel 
(who may be counsel for the 
Loan Parties), independent accountants and 
other experts selected by 
it, and shall 
not be liable 
for any action 
taken or not 
taken by it 
in accordance with 
the advice of 
any such counsel, accountants or experts. 
 
Section 10.5. 
Delegation of Duties
. 
The Administrative Agent may perform any and all 
of 
its duties 
and exercise 
its rights 
and powers 
hereunder or 
under any 
other Loan 
Document by 
or 
through any one or more sub-agents 
appointed by the Administrative Agent. 
The Administrative 
Agent and 
any such 
sub-agent may 
perform any 
and all 
of its 
duties and 
exercise 
its rights 
and 
powers by or through their respective Related Parties. 
The exculpatory provisions of this Section 
shall apply to any such 
sub-agent and to the 
Related Parties of the 
Administrative Agent and any 
such sub-agent, and shall apply to their respective activities in connection with the 
syndication of 
the 
Revolving 
Facility 
and 
any 
Incremental 
Term 
Loans 
as 
well 
as 
activities 
as 
Administrative 
Agent. 
The Administrative Agent 
shall not be 
responsible for the 
negligence or misconduct 
of any 
sub-agents 
except 
to 
the 
extent 
that 
a 
court 
of 
competent 
jurisdiction 
determines 
in 
a 
final 
and 

-96-
nonappealable 
judgment 
that 
the 
Administrative 
Agent 
acted 
with 
gross 
negligence 
or 
willful 
misconduct in the selection of such sub-agents. 
 
Section 10.6. 
Resignation of 
Administrative Agent
. 
(a) The Administrative 
Agent may 
at 
any time 
give notice 
of its 
resignation to 
the Lenders, 
the L/C 
Issuers and 
the Borrower. 
Upon 
receipt of any 
such notice of 
resignation, the Required 
Lenders shall have 
the right, in 
consultation 
with the Borrower, to 
appoint a successor, which 
shall be a 
bank with 
an office in 
the United 
States 
of America, or an Affiliate of any such bank with an office in the United States of America. 
If no 
such successor shall 
have been so 
appointed by the 
Required Lenders and 
shall have accepted 
such 
appointment 
within 
thirty (30) 
days 
after 
the 
retiring 
Administrative 
Agent 
gives 
notice 
of 
its 
resignation 
(or 
such 
earlier 
day 
as 
shall 
be 
agreed 
by 
the 
Required 
Lenders) 
(the 
“Resignation 
Effective Date”
), then 
the retiring 
Administrative Agent 
may (but 
shall not 
be obligated 
to), on 
behalf of the Lenders 
and the L/C Issuers, 
appoint a successor Administrative 
Agent meeting the 
qualifications set 
forth above. 
Whether or 
not a 
successor has 
been appointed, 
such resignation 
shall become effective in accordance with such notice on the Resignation Effective Date. 
 
(b) 
With effect from 
the Resignation 
Effective Date, (i) 
the retiring 
Administrative Agent 
shall be 
discharged from 
its duties 
and obligations 
hereunder and 
under the 
other Loan 
Documents, 
and (ii) except for 
any indemnity payments 
owed to the 
retiring or removed 
Administrative Agent, 
all 
payments, 
communications 
and 
determinations 
provided 
to 
be 
made 
by, 
to 
or 
through 
the 
Administrative Agent 
shall instead 
be made 
by or 
to each 
Lender and 
L/C Issuer 
directly, 
until 
such time, if any, 
as the Required Lenders 
appoint a successor Administrative 
Agent as provided 
for 
above. 
If 
on 
the 
Resignation Effective 
Date no 
successor 
has 
been appointed 
and accepted 
such appointment, the 
Administrative Agent’s rights in 
the Collateral 
Documents shall 
be assigned 
without representation, recourse 
or warranty to 
the Lenders and 
L/C Issuer as their 
interests may 
appear. 
Upon the 
acceptance of 
a successor’s 
appointment as 
Administrative Agent 
hereunder, 
such successor 
shall succeed 
to and 
become vested 
with all 
of the 
rights, powers, 
privileges and 
duties of the retiring 
Administrative Agent (other than any 
rights to indemnity payments or 
other 
amounts owed 
to the 
retiring Administrative 
Agent), and 
the retiring 
Administrative Agent shall 
be discharged from all of its 
duties and obligations hereunder or 
under the other Loan Documents. 

The fees payable by the Borrower to a successor Administrative Agent 
shall be the same as those 
payable 
to 
its 
predecessor 
unless 
otherwise 
agreed 
between 
the 
Borrower 
and 
such 
successor. 

After 
the 
retiring 
Administrative 
Agent’s 
resignation 
hereunder 
and 
under 
the 
other 
Loan 
Documents, 
the 
provisions 
of 
this 
Section 10 
and 
Section 13.4 
shall 
continue 
in 
effect 
for 
the 
benefit of 
such retiring 
Administrative Agent, 
its sub-agents 
and their 
respective Related 
Parties 
in 
respect 
of 
any 
actions 
taken 
or 
omitted 
to 
be 
taken 
by 
any 
of 
them 
while 
the 
retiring 
Administrative Agent was acting as Administrative Agent. 
 
Section 10.7. 
Non-Reliance on Administrative Agent and 
Other Lenders
. 
Each Lender and 
L/C Issuer acknowledges that it 
has, independently and without reliance 
upon the Administrative 
Agent 
or 
any 
other 
Lender 
or 
any 
of 
their 
Related 
Parties 
and 
based 
on 
such 
documents 
and 
information as it 
has deemed appropriate, 
made its own 
credit analysis and 
decision to enter 
into 
this Agreement. 
Each Lender 
and L/C 
Issuer also 
acknowledges that 
it will, 
independently and 
without reliance upon 
the Administrative Agent 
or any other 
Lender or any 
of their Related 
Parties 
and 
based 
on 
such 
documents 
and 
information 
as 
it 
shall 
from 
time 
to 
time 
deem 
appropriate, 
continue 
to 
make 
its 
own 
decisions 
in 
taking 
or 
not 
taking 
action 
under 
or 
based 
upon 
this 

-97-
Agreement, 
any 
other 
Loan 
Document 
or 
any 
related 
agreement 
or 
any 
document 
furnished 
hereunder or thereunder. 
Upon 
a 
Lender’s 
written 
request, 
the 
Administrative 
Agent 
agrees 
to 
forward 
to 
such 
Lender, when complete, copies of any field audit, examination, or 
appraisal report prepared by or 
for 
the 
Administrative 
Agent 
with 
respect 
to 
the 
Borrower 
or 
any 
Loan 
Party 
or 
the 
Collateral 
(herein, 
“Reports”
). 
Each Lender 
hereby agrees 
that (a) it 
has requested 
a copy 
of each 
Report 
prepared by or on 
behalf of the Administrative Agent; 
(b) the Administrative Agent (i) 
makes no 
representation or warranty, 
express or implied, 
as to the 
completeness or accuracy 
of any Report 
or any of the information contained therein or any inaccuracy or omission contained in or relating 
to a Report and (ii) 
shall not be liable for 
any information contained in any 
Report; (c) the Reports 
are 
not 
comprehensive 
audits 
or 
examinations, 
and 
that 
any 
Person 
performing 
any 
field 
examination 
will 
inspect 
only 
specific 
information 
regarding 
the 
Borrower 
and 
the 
other 
Loan 
Parties 
and 
will 
rely 
significantly 
upon 
the 
books 
and 
records 
of 
Borrower 
and 
the 
other 
Loan 
Parties, as well as on representations of 
personnel of the Borrower and the other 
Loan Parties, and 
that 
the 
Administrative 
Agent 
undertakes 
no 
obligation 
to 
update, 
correct 
or 
supplement 
the 
Reports; (d) 
it will 
keep all 
Reports confidential 
and strictly 
for its 
internal use, 
not share 
the Report 
with any other Person 
except as otherwise permitted 
pursuant to this Agreement; 
and (e) without 
limiting the generality of any other indemnification provision contained in this Agreement, it will 
pay and 
protect, 
and indemnify, 
defend, and 
hold the 
Administrative 
Agent and 
any such 
other 
Person preparing a Report 
harmless from and against, 
the claims, actions, proceedings, 
damages, 
costs, expenses, and 
other amounts (including 
reasonable attorney fees) 
incurred by as 
the direct 
or 
indirect 
result 
of 
any 
third 
parties 
who 
might 
obtain 
all 
or 
part 
of 
any 
Report 
through 
the 
indemnifying Lender. 
Section 10.8. 
L/C Issuer 
and Swingline Lender.
 
The L/C Issuer shall 
act on behalf 
of the 
Lenders with respect to any Letters of Credit issued by it and the documents 
associated therewith, 
and the Swingline 
Lender shall act 
on behalf of 
the Lenders with 
respect to the 
Swingline Loans 
made hereunder. 
The L/C Issuer and the Swingline Lender shall each have all of the benefits and 
immunities 
(i) provided 
to 
the 
Administrative 
Agent 
in 
this 
Section 10 
with 
respect 
to 
any 
acts 
taken or omissions suffered 
by the L/C Issuer in 
connection with Letters of 
Credit issued by it 
or 
proposed 
to 
be 
issued 
by 
it 
and 
the 
Applications 
pertaining 
to 
such 
Letters 
of 
Credit 
or 
by 
the 
Swingline Lender in 
connection with Swingline 
Loans made or 
to be made 
hereunder as fully 
as 
if 
the 
term 
“Administrative 
Agent”, 
as 
used 
in 
this 
Section 10, 
included 
the 
L/C Issuer 
and 
the 
Swingline Lender 
with respect 
to such 
acts or 
omissions and 
(ii) as additionally 
provided in 
this 
Agreement with 
respect to 
such L/C Issuer 
or Swingline 
Lender, 
as applicable. 
Any resignation 
by the 
Person then 
acting as 
Administrative Agent 
pursuant to 
Section 10.6 shall 
also constitute 
its resignation 
or the 
resignation of 
its Affiliate 
as L/C 
Issuer and 
Swingline Lender 
except as 
it 
may otherwise 
agree. 
If such 
Person then 
acting as 
L/C Issuer 
so resigns, 
it shall 
retain all 
the 
rights, powers, 
privileges and 
duties of 
the L/C 
Issuer hereunder 
with respect 
to all 
Letters of 
Credit 
outstanding as 
of the 
effective date 
of its 
resignation as 
L/C Issuer 
and all 
L/C Obligations 
with 
respect thereto, including 
the right to 
require the Lenders 
to make Loans 
or fund risk 
participations 
in Reimbursement 
Obligations pursuant 
to Section 2.3. 
If such 
Person then 
acting as 
Swingline 
Lender resigns, 
it shall 
retain all 
the rights 
of the 
Swingline Lender 
provided for 
hereunder with 
respect to Swingline Loans made 
by it and outstanding 
as of the effective date 
of such resignation, 
including the right to require the Lenders to make Loans 
or fund risk participations in outstanding 

-98-
Swingline Loans 
pursuant to 
Section 2.2(b). 
Upon the 
appointment by 
the Borrower 
of a 
successor 
L/C Issuer 
or Swingline 
Lender hereunder 
(which successor 
shall in 
all cases 
be a 
Lender other 
than a 
Defaulting Lender), 
(i) such successor 
shall succeed 
to and 
become vested 
with all 
of the 
rights, powers, privileges and duties of 
the retiring L/C Issuer or Swingline 
Lender, as applicable 
(other than 
any rights 
to indemnity 
payments or 
other amounts 
that remain 
owing to 
the retiring 
L/C Issuer 
or Swingline 
Lender), and 
(ii) the retiring 
L/C Issuer 
and Swingline 
Lender shall 
be 
discharged from 
all of 
their respective 
duties and 
obligations hereunder 
or under 
the other 
Loan 
Documents other than 
with respect to 
its outstanding Letters 
of Credit and 
Swingline Loans, and 
(iii) upon 
the request 
of the 
resigning L/C 
Issuer, 
the 
successor L/C 
Issuer shall 
issue 
letters 
of 
credit in substitution for the Letters of Credit, 
if any, outstanding at the time of such succession or 
make 
other 
arrangements 
satisfactory 
to 
the 
resigning 
L/C 
Issuer 
to 
effectively 
assume 
the 
obligations of the resigning L/C Issuer with respect to such Letters of Credit.
Section 10.9. 
Hedging 
Liability 
and 
Bank Product 
Obligations
. 
By virtue 
of 
a 
Lender’s 
execution of this 
Agreement or an 
assignment agreement pursuant 
to Section 13.2, as 
the case may 
be, any Affiliate of such 
Lender with whom the 
Borrower or any other 
Loan Party has entered 
into 
an agreement 
creating Hedging 
Liability or 
Bank Product Obligations 
shall be 
deemed a 
Lender 
party 
hereto 
for 
purposes 
of 
any 
reference 
in 
a 
Loan 
Document 
to 
the 
parties 
for 
whom 
the 
Administrative Agent is acting, it being understood and agreed 
that the rights and benefits of such 
Affiliate 
under 
the 
Loan 
Documents 
consist 
exclusively 
of 
such 
Affiliate’s 
right 
to 
share 
in 
payments and 
collections out 
of the 
Collateral and 
the Guaranty 
Agreements as 
more fully 
set forth 
in 
Section 9.5. 
Without 
limiting 
the 
generality 
of 
the 
foregoing, 
(i) 
each 
such 
Affiliate 
of 
any 
Lender that has entered 
into an agreement 
creating Hedging Liability or 
Bank Product Obligations 
shall, for the avoidance of doubt, 
be deemed to have agreed to 
the provisions of Section 10.15 and 
(ii) no 
such Affiliate 
of any 
Lender shall 
have any 
right to 
notice of 
any action 
or to 
consent to, 
direct or object to 
any action hereunder or 
under any other Loan 
Document or otherwise in 
respect 
of the 
Collateral (including 
the release 
or impairment 
of any 
Collateral). In 
connection with 
any 
such 
distribution 
of 
payments 
and 
collections, 
or 
any 
request 
for 
the 
release 
of 
the 
Guaranty 
Agreements 
and 
the 
Administrative 
Agent’s 
Liens 
in 
connection 
with 
the 
termination 
of 
the 
Commitments 
and 
the 
payment 
in 
full 
of 
the 
Obligations, 
the 
Administrative 
Agent 
shall 
be 
entitled 
to 
assume 
no 
amounts 
are 
due 
to 
any 
Lender 
or 
its 
Affiliate 
with 
respect 
to 
Hedging 
Liability or 
Bank Product 
Obligations unless 
such Lender 
has notified 
the Administrative 
Agent 
in writing of the amount 
of any such liability owed 
to it or its Affiliate prior 
to such distribution or 
payment or release of Guaranty Agreements and Liens. 
Section 10.10. 
Designation of Additional Agents
. 
The Administrative Agent shall 
have the 
continuing right, for purposes hereof, at 
any time and from time to 
time to designate one or more 
of 
the 
Lenders 
(and/or 
its 
or 
their 
Affiliates) 
as 
“syndication 
agents,” 
“documentation 
agents,” 
“book runners,” “lead arrangers,” “arrangers,” or other designations for purposes hereto, but such 
designation shall 
have no 
substantive effect, 
and such 
Lenders and 
their Affiliates 
shall have 
no 
additional powers, duties or responsibilities as a result thereof. 
Section 10.11. 
Authorization to Enter into, 
and Enforcement 
of, the Collateral Documents; 
Possession of Collateral
. 
The Administrative Agent 
is hereby irrevocably 
authorized by each 
of 
the Lenders and the L/C Issuer to execute and deliver the Collateral Documents on behalf of each 
of the 
Lenders, the 
L/C Issuer, and 
their Affiliates 
and to 
take such 
action and 
exercise such 
powers 

-99-
under the Collateral 
Documents as the 
Administrative Agent considers 
appropriate; 
provided
 
the 
Administrative Agent shall not 
amend the Collateral Documents 
unless such amendment is 
agreed 
to 
in 
writing 
by 
the 
Required 
Lenders. 
Upon 
the 
occurrence 
of 
an 
Event 
of 
Default, 
the 
Administrative Agent 
shall take 
such action 
to enforce 
its Lien 
on the 
Collateral and to 
preserve 
and 
protect 
the 
Collateral 
as 
may 
be 
directed 
by 
the 
Required 
Lenders. 
Unless 
and 
until 
the 
Required Lenders 
give such 
direction, the 
Administrative Agent 
may (but 
shall not 
be obligated 
to) take 
or refrain 
from taking 
such actions 
as it 
deems appropriate 
and in the 
best interest 
of all 
the Lenders and L/C Issuer. 
Each Lender and L/C Issuer acknowledges and 
agrees that it will be 
bound by the 
terms and conditions 
of the Collateral 
Documents upon the 
execution and delivery 
thereof 
by the 
Administrative Agent. 
The Administrative 
Agent shall 
not be 
responsible for 
or 
have 
a 
duty 
to 
ascertain 
or 
inquire 
into 
any 
representation 
or 
warranty 
regarding 
the 
existence, 
value or collectability of the Collateral, the existence, 
priority or perfection of the Administrative 
Agent’s 
Lien thereon, or any 
certificate prepared by any 
Loan Party in connection 
therewith, nor 
shall 
the 
Administrative 
Agent 
be 
responsible 
or 
liable 
to 
the 
Lenders, 
the 
L/C 
Issuer 
or 
their 
Affiliates for 
any failure 
to monitor 
or maintain 
any portion 
of the 
Collateral. 
The Lenders 
and 
L/C Issuer 
hereby irrevocably 
authorize (and 
each of 
their Affiliates 
holding any 
Bank Product 
Obligations 
and 
Hedging 
Liability 
entitled 
to 
the 
benefits 
of 
the 
Collateral 
shall 
be 
deemed 
to 
authorize) the Administrative Agent, based 
upon the instruction of the 
Required Lenders, to credit 
bid and purchase (either directly or through 
one or more acquisition vehicles) all or 
any portion of 
the Collateral 
at any 
sale thereof conducted 
by the Administrative 
Agent (or any 
security trustee 
therefore) under the provisions of 
the Uniform Commercial Code, including 
pursuant to Sections 
9-610 
or 
9-620 
of 
the 
Uniform 
Commercial 
Code, 
at 
any 
sale 
thereof 
conducted 
under 
the 
provisions 
of 
the 
United 
States 
Bankruptcy 
Code, 
including 
Section 
363 
of 
the 
United 
States 
Bankruptcy 
Code, 
or 
at 
any 
sale 
or 
foreclosure 
conducted 
by 
the 
Administrative 
Agent 
or 
any 
security trustee therefore 
(whether by judicial 
action or otherwise) 
in accordance with applicable 
law. 
Except 
as 
otherwise 
specifically 
provided 
for 
herein, 
no 
Lender, 
L/C 
Issuer, 
or 
their 
Affiliates, other than the Administrative 
Agent, shall have the right to 
institute any suit, action or 
proceeding in 
equity or 
at law 
for the 
foreclosure or 
other realization 
upon any 
Collateral or 
for 
the execution of any trust 
or power in respect of 
the Collateral or for the 
appointment of a receiver 
or for the 
enforcement of any 
other remedy under 
the Collateral Documents; 
it being understood 
and intended 
that no 
one or 
more of 
the Lenders 
or L/C 
Issuer or 
their Affiliates 
shall have 
any 
right in any 
manner whatsoever to 
affect, disturb or 
prejudice the Lien 
of the 
Administrative Agent 
(or any security 
trustee therefor) under 
the Collateral Documents 
by its or 
their action or 
to enforce 
any 
right 
thereunder, 
and 
that 
all 
proceedings 
at 
law 
or 
in 
equity 
shall 
be 
instituted, 
had, 
and 
maintained by the Administrative Agent (or its security 
trustee) in the manner provided for in the 
relevant Collateral Documents 
for the benefit 
of the Lenders, the 
L/C Issuer, and 
their Affiliates. 

Each 
Lender 
and 
L/C 
Issuer 
is 
hereby 
appointed 
agent 
for 
the 
purpose 
of 
perfecting 
the 
Administrative 
Agent’s 
security 
interest 
in 
assets 
which, 
in 
accordance 
with 
Article 9 
of 
the 
Uniform Commercial Code or 
other applicable law can 
be perfected only by 
possession. 
Should 
any 
Lender 
or 
L/C 
Issuer 
(other 
than 
the 
Administrative 
Agent) 
obtain 
possession 
of 
any 
Collateral, such Lender or L/C 
Issuer shall notify the Administrative 
Agent thereof, and, promptly 
upon 
the 
Administrative 
Agent’s 
request 
therefor 
shall 
deliver 
such 
Collateral 
to 
the 
Administrative Agent or in accordance with the Administrative Agent’s instructions. 

 
Section 10.12. 
Authorization 
to 
Release, 
Limit 
or 
Subordinate 
Liens 
or 
to 
Release 
Guaranties.
 
The Administrative Agent 
is hereby irrevocably 
authorized by each 
of the Lenders, 

-100-
the 
L/C Issuer, 
and 
their 
Affiliates 
to 
(a) release 
any 
Lien 
covering 
any 
Collateral 
that 
is 
sold, 
transferred, 
or 
otherwise 
disposed 
of 
in 
accordance 
with 
the 
terms 
and 
conditions 
of 
this 
Agreement 
and 
the 
relevant 
Collateral 
Documents 
(including 
a 
sale, 
transfer, 
or 
disposition 
permitted by 
the terms 
of Section 8.10 
or which 
has otherwise 
been consented 
to in 
accordance 
with Section 13.3), (b) release or subordinate any Lien on Collateral consisting of goods financed 
with purchase 
money indebtedness 
or under 
a Capital 
Lease to 
the extent 
such purchase 
money 
indebtedness or 
Capitalized Lease 
Obligation, and 
the Lien 
securing the 
same, are 
permitted by 
Sections 8.7(b) 
and 
8.8(d), 
(c) reduce 
or 
limit 
the 
amount 
of 
the 
indebtedness 
secured 
by 
any 
particular item 
of Collateral 
to an 
amount not 
less than 
the estimated 
value thereof 
to the 
extent 
necessary to 
reduce mortgage 
registry, 
filing and 
similar tax, 
(d) release Liens 
on the 
Collateral 
following 
termination 
or 
expiration 
of 
the 
Commitments 
and 
payment 
in 
full 
in 
cash 
of 
the 
Obligations (other than contingent 
indemnification obligations) and the 
expiration or termination 
of 
all 
Letters 
of 
Credit 
(other 
than 
Letters 
of 
Credit 
that 
have 
been 
Cash 
Collateralized 
to 
the 
satisfaction 
of 
the 
Administrative 
Agent 
and 
relevant 
L/C 
Issuer) 
and, 
if 
then 
due, 
Hedging 
Liability and 
Bank Product 
Obligations, and 
(e) release any 
Subsidiary from 
its obligations 
as a 
Guarantor if such Person ceases to be a Subsidiary as a result of a transaction permitted under the 
Loan Documents. 
Upon the 
Administrative Agent’s 
request, the 
Required Lenders 
will confirm 
in writing 
the Administrative 
Agent’s 
authority to release 
or subordinate its 
interest in particular 
types or items 
of Property or 
to release any 
Person form its 
obligations as a 
Guarantor under the 
Loan Documents.
Section 10.13. 
Authorization of Administrative Agent to 
File Proofs of Claim. 

In case of the 
pendency of any 
proceeding under any 
Debtor Relief Law 
or any other 
judicial proceeding relative 
to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or 
L/C Obligation shall 
then be due 
and payable as 
herein expressed 
or by declaration 
or otherwise 
and 
irrespective 
of 
whether 
the 
Administrative 
Agent 
shall 
have 
made 
any 
demand 
on 
the 
Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:
 
(a) 
to file and prove a claim for 
the whole amount of the principal and 
interest 
owing and unpaid 
in respect 
of the Loans, 
L/C Obligations 
and all 
other Obligations that 
are owing 
and unpaid and 
to file 
such other documents 
as may be 
necessary or advisable 
in 
order 
to 
have 
the 
claims 
of 
Lenders, 
the 
L/C 
Issuer 
and 
the 
Administrative 
Agent 
(including 
any 
claim 
for 
the 
reasonable 
compensation, 
expenses, 
disbursements 
and 
advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective 
agents 
and 
counsel 
and 
all 
other 
amounts 
due 
the 
Lenders, 
the 
L/C 
Issuer 
and 
the 
Administrative 
Agent 
under 
the 
Loan 
Documents 
including, 
but 
not 
limited 
to, 
Sections 3.1, 4.4, 4.5, and 13.4) allowed in such judicial proceeding; and 
 
(b) 
to collect 
and receive 
any monies 
or other 
property payable 
or deliverable 
on any such claims and to distribute the same; 
and any 
custodian, receiver, 
assignee, trustee, 
liquidator, 
sequestrator or 
other similar 
official in 
any such 
judicial proceeding 
is hereby 
authorized by 
each Lender 
and L/C 
Issuer to 
make such 
payments to 
the Administrative 
Agent and, 
in the 
event that 
the Administrative 
Agent shall 
consent 
to 
the 
making 
of 
such 
payments 
directly 
to 
the 
Lenders 
and 
the 
L/C 
Issuer, 
to 
pay 
to 
the 
Administrative Agent any amount due for the 
reasonable compensation, expenses, disbursements 

-101-
and advances of the Administrative Agent and its 
agents and counsel, and any other amounts 
due 
the Administrative Agent under Sections 3.1 and 13.4. 
Nothing contained herein shall be deemed 
to authorize 
the Administrative 
Agent to 
authorize or 
consent to 
or accept 
or adopt 
on behalf 
of 
any 
Lender 
or 
L/C 
Issuer 
any 
plan 
of 
reorganization, 
arrangement, 
adjustment 
or 
composition 
affecting 
the 
Obligations 
or 
the 
rights 
of 
any 
Lender 
or 
L/C 
Issuer 
or 
to 
authorize 
the 
Administrative 
Agent 
to 
vote 
in 
respect 
of 
the 
claim 
of 
any 
Lender 
or 
L/C 
Issuer 
in 
any 
such 
proceeding. 
 
Section 10.14. 
Certain ERISA Matters. 

(a) 
Each Lender (x) represents 
and warrants, as of 
the 
date 
such 
Person 
became 
a 
Lender 
party 
hereto, 
to, 
and 
(y) 
covenants, 
from 
the 
date 
such 
Person became a Lender party 
hereto to the date such 
Person ceases being a Lender 
party hereto, 
for the benefit of, the Administrative Agent and its Affiliates, and not, for the avoidance of doubt, 
to or for the benefit of any 
Borrower or any other Loan Party, 
that at least one of the following 
is 
and will be true: 
 
(i) 
such Lender is not 
using “plan assets” (within 
the meaning of Section 
3(42) 
of 
ERISA 
or 
otherwise) 
of 
one 
or 
more 
Benefit 
Plans 
with 
respect 
to 
such 
Lender’s 
entrance into, participation in, administration of and performance of 
the Loans, the Letters 
of Credit, the Commitments or this Agreement; 
 
(ii) 
the transaction 
exemption set 
forth in one 
or more 
PTEs, such 
as PTE 
84-
14 
(a 
class 
exemption 
for 
certain 
transactions 
determined 
by 
independent 
qualified 
professional 
asset 
managers), 
PTE 
95-60 
(a 
class 
exemption 
for 
certain 
transactions 
involving insurance 
company general accounts), 
PTE 90-1 (a 
class exemption 
for certain 
transactions involving 
insurance company 
pooled separate 
accounts), PTE 
91-38 (a 
class 
exemption for certain transactions involving bank 
collective investment funds) or PTE 96-
23 (a class 
exemption for certain 
transactions determined by 
in-house asset managers), 
is 
applicable with 
respect to 
such Lender’s 
entrance into, 
participation in, 
administration of 
and performance 
of the 
Loans, the 
Letters of 
Credit, the 
Commitments and 
this Agreement; 
or 
 
(iii) 
(A) 
such 
Lender 
is 
an 
investment 
fund 
managed 
by 
a 
“Qualified 
Professional 
Asset 
Manager” 
(within 
the 
meaning 
of 
Part 
VI 
of 
PTE 
84-14), 
(B) 
such 
Qualified 
Professional 
Asset 
Manager 
made 
the 
investment 
decision 
on 
behalf 
of 
such 
Lender to enter 
into, participate in, 
administer and 
perform the Loans, 
the Letters of 
Credit, 
the 
Commitments 
and 
this 
Agreement, 
(C) 
the 
entrance 
into, 
participation 
in, 
administration of 
and performance 
of the 
Loans, the 
Letters of 
Credit, the 
Commitments 
and this 
Agreement satisfies 
the requirements 
of sub-sections 
(b) through 
(g) of 
Part I 
of 
PTE 84-14 and (D) 
to the best knowledge 
of such Lender, 
the requirements of subsection 
(a) 
of 
Part 
I 
of 
PTE 
84-14 
are 
satisfied 
with 
respect 
to 
such 
Lender’s 
entrance 
into, 
participation in, administration of and performance of the Loans, the Letters of Credit, the 
Commitments and this Agreement; or 
 
(iv) 
such 
other 
representation, 
warranty 
and 
covenant 
as 
may 
be 
agreed 
in 
writing between the Administrative Agent, in its sole discretion, and such Lender. 

-102-
 
(b) 
In addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) 
is 
true with 
respect to 
a Lender 
or (2) 
a Lender 
has provided 
another representation, 
warranty and 
covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender 
further (x) represents 
and warrants, as 
of the 
date such Person 
became a Lender 
party hereto, to, 
and (y) covenants, 
from the date 
such Person became 
a Lender party 
hereto to the 
date such Person 
ceases being 
a Lender 
party hereto, 
for the 
benefit of, 
the Administrative 
Agent and 
not, for 
the 
avoidance 
of 
doubt, 
to 
or 
for 
the 
benefit 
of 
any 
Borrower 
or 
any 
other 
Loan 
Party, 
that 
the 
Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such 
Lender’s 
entrance 
into, 
participation 
in, 
administration 
of 
and 
performance 
of 
the 
Loans, 
the 
Letters 
of 
Credit, 
the 
Commitments 
and 
this 
Agreement 
(including 
in 
connection 
with 
the 
reservation or exercise of any rights by 
the Administrative Agent under this Agreement, any 
Loan 
Document or any documents related hereto or thereto). 
 
Section 10.15. 
Recovery of Erroneous Payments
. 
Notwithstanding anything to the contrary 
in 
this 
Agreement, if 
at any 
time 
the Administrative 
Agent 
determines (in 
its 
sole 
and absolute 
discretion) that 
it has 
made a 
payment hereunder 
in error 
to any 
Lender, L/C Issuer 
or other 
secured 
party hereunder, 
whether or 
not in 
respect of 
an Obligation 
due and 
owing by 
the Borrowers 
at 
such time, 
where such 
payment is 
a Rescindable 
Amount, then 
in any 
such event, 
each such 
Person 
receiving a Rescindable 
Amount severally agrees 
to repay to 
the Administrative Agent 
forthwith 
on demand 
the Rescindable 
Amount received 
by such 
Person in 
immediately available 
funds in 
the 
currency 
so 
received, 
with 
interest 
thereon, 
for 
each 
day 
from 
and 
including 
the 
date 
such 
Rescindable Amount is received 
by it to but 
excluding the date of payment 
to the Administrative 
Agent, at the greater of 
the Federal Funds Rate and 
a rate determined by the 
Administrative Agent 
in 
accordance 
with 
banking 
industry 
rules 
on 
interbank 
compensation. 
Each 
Lender, 
each 
L/C 
Issuer and each other secured 
party hereunder irrevocably waives any 
and all defenses, including 
any “discharge 
for value” 
(under which 
a creditor 
might otherwise 
claim a 
right to 
retain funds 
mistakenly 
paid 
by 
a 
third 
party 
in 
respect 
of 
a 
debt 
owed 
by 
another), 
“good 
consideration”, 
“change of 
position” or 
similar defenses 
(whether at 
law or 
in equity) 
to its 
obligation to 
return 
any Rescindable 
Amount. 
The Administrative 
Agent shall 
inform each 
Lender, L/C Issuer 
or other 
secured party hereunder that received a Rescindable Amount promptly upon determining that any 
payment 
made 
to 
such 
Person 
comprised, 
in 
whole 
or 
in 
part, 
a 
Rescindable 
Amount. 
Each 
Person’s obligations, agreements 
and waivers 
under this 
Section 10.16 
shall survive 
the resignation 
or 
replacement 
of 
the 
Administrative 
Agent, 
any 
transfer 
of 
rights 
or 
obligations 
by, 
or 
the 
replacement of, a 
Lender or 
L/C Issuer, the 
termination of the 
Commitments and/or the 
repayment, 
satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document. 
S
ECTION
 
11. 
T
HE 
G
UARANTEES
. 
Section 11.1. 
The Guarantees
. 
To induce the Lenders and 
L/C Issuer to provide 
the credits 
described herein and in consideration of benefits expected to accrue to the Borrower 
by reason of 
the 
Commitments 
and 
for 
other 
good 
and 
valuable 
consideration, 
receipt 
of 
which 
is 
hereby 
acknowledged, 
each 
Wholly-owned 
Subsidiary 
party 
hereto 
(including 
any 
Wholly-owned 
Subsidiary executing 
an Additional 
Guarantor Supplement 
in the 
form attached 
hereto as 
Exhibit F 
or such 
other form 
acceptable to 
the Administrative 
Agent) and 
the Borrower 
(as to 
the Secured 
Obligations of another Loan Party) hereby unconditionally and irrevocably guarantees jointly and 
severally to the Administrative 
Agent, the Lenders, and 
the L/C Issuer and their 
Affiliates, the due 

-103-
and punctual payment of all present and future Secured Obligations, including, but not limited to, 
the 
due 
and 
punctual 
payment 
of 
principal 
of 
and 
interest 
on 
the 
Loans, 
the 
Reimbursement 
Obligations, and the due and punctual payment of all other Obligations now or hereafter owed by 
the 
Borrower 
under 
the 
Loan 
Documents 
and 
the 
due 
and 
punctual 
payment 
of 
all 
Hedging 
Liability and Bank Product Obligations, in each case as and when the same shall become due and 
payable, whether 
at stated 
maturity, 
by acceleration, 
or otherwise, 
according to 
the terms 
hereof 
and 
thereof 
(including 
all 
interest, 
costs, 
fees, 
and 
charges 
after 
the 
entry 
of 
an 
order 
for 
relief 
against the Borrower or such 
other obligor in a 
case under the United 
States Bankruptcy Code or 
any similar proceeding, whether or not such interest, costs, fees and charges would be an 
allowed 
claim against the Borrower or any such obligor in any such proceeding); 
provided, however,
 
that, 
with respect to 
any Guarantor, 
Hedging Liability guaranteed 
by such Guarantor 
shall exclude all 
Excluded Swap Obligations. 
In case of failure by the Borrower 
or other obligor punctually to pay 
any 
Secured 
Obligations 
guaranteed 
hereby, 
each 
Guarantor 
hereby 
unconditionally 
agrees 
to 
make such payment 
or to cause 
such payment to 
be made punctually 
as and when the 
same shall 
become due and payable, whether at stated 
maturity, by 
acceleration, or otherwise, and as if such 
payment 
were 
made 
by 
the 
Borrower 
or 
such 
obligor. 
Only 
direct 
and 
indirect 
Wholly-owned 
Subsidiaries of 
the Borrower 
that are 
Domestic Subsidiaries 
shall be 
required to 
be a 
Guarantor 
and bound by the guaranty provisions of this Section 11. 

Section 11.2. 
Guarantee 
Unconditional
. 
The 
obligations 
of 
each 
Guarantor 
under 
this 
Section 11 
shall 
be 
unconditional 
and 
absolute 
and, 
without 
limiting 
the 
generality 
of 
the 
foregoing, shall not be released, discharged, or otherwise affected by: 
 
(a) 
any 
extension, 
renewal, 
settlement, 
compromise, 
waiver, 
or 
release 
in 
respect of any 
obligation of any 
Loan Party or 
other obligor or 
of any other 
guarantor under 
this Agreement or any other Loan Document or by operation of law or otherwise; 
 
(b) 
any modification or amendment of or supplement to this Agreement or any 
other 
Loan 
Document 
or 
any 
agreement 
relating 
to 
Hedging 
Liability 
or 
Bank 
Product 
Obligations; 
 
(c) 
any 
change 
in 
the 
corporate 
existence, 
structure, 
or 
ownership 
of, 
or 
any 
insolvency, 
bankruptcy, 
reorganization, 
or 
other 
similar 
proceeding 
affecting, 
any 
Loan 
Party or 
other obligor, any 
other guarantor, or 
any of 
their respective 
assets, or 
any resulting 
release or 
discharge of 
any obligation 
of any 
Loan Party 
or other 
obligor or 
of any 
other 
guarantor contained in any Loan Document; 

 
(d) 
the existence of any claim, set-off, 
or other rights which any Loan Party or 
other 
obligor 
or 
any 
other 
guarantor 
may 
have 
at 
any 
time 
against 
the 
Administrative 
Agent, any 
Lender, the L/C Issuer 
or any 
other Person, 
whether or 
not arising 
in connection 
herewith; 
 
(e) 
any 
failure 
to 
assert, 
or 
any 
assertion 
of, 
any 
claim 
or 
demand 
or 
any 
exercise of, 
or failure 
to exercise, 
any rights 
or remedies 
against any 
Loan Party 
or other 
obligor, any other guarantor, or any 
other Person or Property; 

-104-
 
(f) 
any application of any sums by whomsoever paid or howsoever 
realized to 
any obligation 
of any 
Loan Party 
or other 
obligor, 
regardless of 
what obligations 
of any 
Loan Party or other obligor remain unpaid; 
 
(g) 
any invalidity 
or unenforceability 
relating to 
or against 
any Loan 
Party or 
other obligor or any other guarantor 
for any reason of this Agreement 
or of any other Loan 
Document or any agreement relating to Hedging Liability 
or Bank Product Obligations or 
any provision 
of applicable 
law or 
regulation purporting 
to prohibit 
the payment 
by any 
Loan Party 
or other 
obligor or 
any other 
guarantor of 
the principal 
of or 
interest on 
any 
Loan 
or 
any 
Reimbursement 
Obligation 
or 
any 
other 
amount 
payable 
under 
the 
Loan 
Documents or 
any agreement 
relating to 
Hedging Liability 
or Bank 
Product Obligations; 
or 
 
(h) 
any other act or omission to act 
or delay of any kind by the 
Administrative 
Agent, 
any 
Lender, 
the 
L/C Issuer, 
or 
any 
other 
Person 
or 
any 
other 
circumstance 
whatsoever 
that 
might, 
but 
for 
the 
provisions 
of 
this 
subsection, 
constitute 
a 
legal 
or 
equitable discharge of the obligations of any Guarantor under this Section 11. 
Section 11.3. 
Discharge 
Only 
upon 
Payment 
in 
Full; 
Reinstatement 
in 
Certain 
Circumstances
. 
Each Guarantor’s obligations under this Section 11 shall remain in full force 
and 
effect until the Commitments 
are terminated, all Letters of 
Credit have expired, and 
the principal 
of and 
interest on 
the Loans 
and all 
other amounts 
payable by 
the Borrower 
and the 
other Loan 
Parties under this 
Agreement and all other 
Loan Documents and, 
if then outstanding and 
unpaid, 
all Hedging Liability 
and Bank Product 
Obligations shall have 
been paid in 
full. 
If at any 
time any 
payment of the principal 
of or interest on 
any Loan or any 
Reimbursement Obligation or any 
other 
amount payable by 
any Loan Party 
or other obligor 
or any guarantor 
under the Loan 
Documents 
or any agreement relating 
to Hedging Liability or 
Bank Product Obligations is 
rescinded or must 
be otherwise restored or 
returned upon the insolvency, bankruptcy, or reorganization of such 
Loan 
Party or 
other obligor 
or of 
any guarantor, 
or otherwise, 
each Guarantor’s 
obligations under 
this 
Section 11 with 
respect to such payment 
shall be reinstated at 
such time as though 
such payment 
had become due but had not been made at such time. 
Section 11.4. 
Subrogation
. 
Each Guarantor agrees 
it will not 
exercise any rights 
which it 
may acquire 
by way 
of subrogation 
by any 
payment made 
hereunder, 
or otherwise, 
until all 
the 
Secured 
Obligations 
shall 
have 
been 
paid 
in 
full 
subsequent 
to 
the 
termination 
of 
all 
the 
Commitments and expiration 
of all Letters of 
Credit. 
If any amount shall 
be paid to a 
Guarantor 
on account of such subrogation rights 
at any time prior to 
the later of (x) the payment 
in full of the 
Secured Obligations 
and all 
other amounts 
payable by 
the Loan 
Parties hereunder 
and the 
other 
Loan 
Documents 
and 
(y) the 
termination 
of 
the 
Commitments 
and 
expiration 
of 
all 
Letters 
of 
Credit, such amount shall be 
held in trust for the 
benefit of the Administrative Agent, 
the Lenders, 
and the 
L/C Issuer (and 
their Affiliates) 
and shall 
forthwith be 
paid to 
the Administrative 
Agent 
for the benefit of the Lenders and L/C Issuer 
(and their Affiliates) or be credited and applied upon 
the 
Secured 
Obligations, 
whether 
matured 
or 
unmatured, 
in 
accordance 
with 
the 
terms 
of 
this 
Agreement. 

-105-
Section 11.5. 
Subordination
. 
Each Guarantor (each referred 
to herein as a 
“Subordinated 
Creditor”
) hereby subordinates the payment of all indebtedness, obligations, and liabilities of the 
Borrower 
or 
other 
Loan 
Party 
owing 
to 
such 
Subordinated 
Creditor, 
whether 
now 
existing 
or 
hereafter arising, 
to the 
indefeasible payment 
in full 
in cash 
of all 
Secured Obligations. 
During 
the existence of any 
Event of Default, subject to 
Section 11.4, any 
such indebtedness, obligation, 
or 
liability 
of 
the 
Borrower 
or 
other 
Loan 
Party 
owing 
to 
such 
Subordinated 
Creditor 
shall 
be 
enforced and performance received by such Subordinated Creditor as trustee for the benefit of 
the 
holders 
of 
the 
Secured 
Obligations 
and 
the 
proceeds 
thereof 
shall 
be 
paid 
over 
to 
the 
Administrative 
Agent 
for 
application to 
the 
Secured 
Obligations 
(whether 
or 
not 
then due), 
but 
without reducing or affecting in any manner the liability of such Guarantor under this Section 11. 
Section 11.6. 
Waivers
. 
Each 
Guarantor 
irrevocably 
waives 
acceptance 
hereof, 
presentment, demand, protest, and any notice 
not provided for herein, as well 
as any requirement 
that at 
any time any 
action be taken 
by the Administrative 
Agent, any Lender, 
the L/C Issuer, 
or 
any other Person 
against the Borrower 
or any other 
Loan Party or 
other obligor, another guarantor, 
or any other Person. 
 
Section 11.7. 
Limit on Recovery
. 
Notwithstanding any other provision hereof, the right of 
recovery against each Guarantor under this Section 11 shall not 
exceed $1.00 less than the lowest 
amount which would 
render such Guarantor’s 
obligations under this 
Section 11 void 
or voidable 
under applicable law, including, without limitation, fraudulent conveyance law. 
Section 11.8. 
Stay of Acceleration
. 
If acceleration of the 
time for payment of 
any amount 
payable by the 
Borrower or other 
Loan Party or 
other obligor under 
this Agreement or 
any other 
Loan 
Document, 
or 
under 
any 
agreement 
relating 
to 
Hedging 
Liability 
or 
Bank 
Product 
Obligations, is stayed upon the insolvency, 
bankruptcy or reorganization of the Borrower 
or such 
other Loan Party or obligor, all such amounts otherwise subject to acceleration under the terms of 
this Agreement 
or the 
other Loan 
Documents, or 
under any 
agreement relating 
to Hedging 
Liability 
or Bank Product Obligations, shall nonetheless be payable by the Guarantors hereunder forthwith 
on demand by the 
Administrative Agent made at 
the request or otherwise 
with the consent of 
the 
Required Lenders. 
Section 11.9. 
Benefit to 
Guarantors
. 
The Loan 
Parties are 
engaged in 
related businesses 
and integrated to such an extent that the 
financial strength and flexibility of the Borrower and 
the 
other Loan 
Parties has 
a direct 
impact on 
the success 
of each other 
Loan Party. 
Each Guarantor 
will derive substantial direct 
and indirect benefit 
from the extensions 
of credit hereunder, and each 
Guarantor acknowledges that this guarantee is necessary or convenient to the 
conduct, promotion 
and attainment of its business. 
Section 11.10. 
Keepwell
. 
Each 
Qualified 
ECP 
Guarantor 
hereby 
jointly 
and 
severally 
absolutely, 
unconditionally and irrevocably 
undertakes to provide 
such funds or 
other support as 
may be 
needed from 
time to 
time by 
each other 
Loan Party 
to honor 
all of 
its obligations 
under 
this 
Guaranty 
in 
respect 
of 
Swap 
Obligations 
(provided, 
however, 
that 
each 
Qualified 
ECP 
Guarantor shall 
only be 
liable under 
this Section 
for the 
maximum amount 
of such 
liability that 
can be hereby 
incurred without rendering 
its obligations under 
this Section, 
or otherwise under 
this 
Guaranty, voidable 
under applicable law relating to fraudulent conveyance or fraudulent transfer, 

-106-
and 
not 
for 
any 
greater 
amount). 
The 
obligations 
of 
each 
Qualified 
ECP 
Guarantor 
under 
this 
Section shall 
remain in 
full force 
and effect 
until discharged 
in accordance 
with Section 11.3. 
Each 
Qualified ECP Guarantor intends that 
this Section constitute, and this 
Section shall be deemed to 
constitute, a “keepwell, support, 
or other agreement” for 
the benefit of each 
other Loan Party for 
all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

S
ECTION
 
12. 
C
OLLATERAL
. 
Section 12.1. 
Collateral
. 
The Secured 
Obligations shall 
be secured 
by valid, 
perfected, and 
enforceable Liens 
on all right, 
title, and 
interest of 
each Loan 
Party in 
all of 
its accounts, 
chattel 
paper, instruments, documents, 
payment intangibles,
letter-of-credit rights, supporting 
obligations, 
deposit accounts, inventory and 
farm products and certain 
other Property as specifically 
set forth 
in the Collateral Documents whether now 
owned or hereafter acquired or 
arising, and all proceeds 
thereof; 
provided, 
however, 
that: 
(i) the 
Collateral 
shall 
not 
include 
Excluded 
Property, 
and 
(ii) 
the Collateral need not include (or 
be perfected if a Lien is 
granted) those assets of any Loan 
Party 
as 
to 
which 
the 
Administrative 
Agent 
in 
its 
sole 
discretion 
determines 
that 
the 
cost 
of 
obtaining a 
security interest 
in or 
perfection thereof 
are excessive 
in relation 
to the 
value of 
the 
security to be 
afforded thereby. 
Each Loan Party 
acknowledges and agrees 
that the Liens 
on the 
Collateral shall be 
granted to the 
Administrative Agent for 
the benefit of 
the holders of 
the Secured 
Obligations and shall be valid and perfected first priority Liens (to the extent perfection by filing, 
registration, recordation, possession or control is required herein or in any other Loan Document) 
subject to 
the proviso 
appearing at 
the end 
of the 
preceding sentence 
and to 
Liens permitted 
by 
Section 8.8, in each 
case pursuant to one 
or more Collateral 
Documents from such 
Persons, each 
in form and substance satisfactory to the Administrative Agent. 

Section 12.2. 
Depository Banks
. 
Each Loan Party shall 
maintain the Administrative Agent 
(or 
one 
of 
its 
Affiliates) 
as 
its 
primary 
depository 
bank, 
including 
for 
its 
principal 
operating, 
administrative, 
cash 
management, 
lockbox 
arrangements, 
collection 
activity, 
and 
other 
deposit 
accounts for the conduct of its business. 
Section 12.3. 
Further Assurances
. 
Each Loan Party agrees that 
it shall, from time to 
time 
at the request of 
the Administrative Agent, execute 
and deliver such documents 
and do such acts 
and things as 
the Administrative Agent 
may reasonably request in 
order to provide for 
or perfect 
or protect such 
Liens on the 
Collateral. 
In the event 
any Loan Party 
forms or acquires 
any other 
Subsidiary after the 
date hereof, except 
as otherwise provided 
in the 
definition of Guarantor, 
the 
Loan 
Parties 
shall 
promptly 
upon 
such 
formation 
or 
acquisition 
cause 
such 
newly 
formed 
or 
acquired 
Subsidiary 
to 
execute 
a 
Guaranty 
Agreement 
and 
such 
Collateral 
Documents 
as 
the 
Administrative 
Agent 
may 
then 
require, 
and 
the 
Loan 
Parties 
shall 
also 
deliver 
to 
the 
Administrative 
Agent, 
or 
cause 
such 
Subsidiary 
to 
deliver 
to 
the 
Administrative 
Agent, 
at 
the 
Borrower’s 
cost 
and 
expense, 
such 
other 
instruments, 
documents, 
certificates, 
and 
opinions 
reasonably required by the Administrative Agent in connection therewith. 

-107-
S
ECTION
 
13. 
M
ISCELLANEOUS
. 
 
Section 13.1. 
Notices
. 

 
(a) 
Notices Generally. 

Except in the 
case of notices 
and other communications 
expressly 
permitted to 
be given 
by telephone 
(and except 
as provided 
in subsection (b) 
below), all 
notices 
and other communications 
provided for herein 
shall be in 
writing and shall 
be delivered by 
hand 
or overnight courier services or mailed by certified or registered mail as follows: 
 
(i) 
if to 
the Borrower or 
any other 
Loan Party, 
to it at 
1052 Highland 
Colony 
Parkway, Suite 200, Ridgeland, 
MS 39157, Attention 
of Max Bowman, 
Vice President and 
Chief Financial Officer; Telephone No. (601) 718-4238 with a 
copy to the same address 
to 
the attention of Robert Holladay, General Counsel; Telephone 
No. (601) 948-6813; 
 
(ii) 
if to the Administrative Agent or 
to BMO Harris Bank N.A. in 
its capacity 
as 
L/C 
Issuer, 
to 
BMO 
Harris 
Bank 
N.A. 
at 
111 
West 
Monroe 
Street, 
Chicago, 
Illinois 
60603, Attention of David J. Bechstein; Telephone No. (312) 461-5174); 
 
(iii) 
if 
to 
a 
Lender, 
to 
it 
at 
its 
address 
set 
forth 
in 
its 
Administrative 
Questionnaire. 
Notices sent by 
hand or overnight 
courier service, or 
mailed by certified 
or registered mail, 
shall 
be 
deemed 
to 
have 
been 
given 
when 
received. 
Notices 
delivered 
through 
electronic 
communications, to the extent 
provided in subsection (b) below, 
shall be effective 
as provided in 
said subsection (b). 
 
(b) 
Electronic Communications. 

Notices and other 
communications to the 
Lenders and 
the L/C Issuers hereunder may be 
delivered or furnished by electronic communication (including 
e-mail and 
Internet or 
intranet websites) 
pursuant to 
procedures approved 
by the 
Administrative 
Agent, 
provided 
that the foregoing shall not apply to notices to any Lender 
or L/C Issuer pursuant 
to 
Sections 2.2, 
2.3 
and 
2.6 
if 
such 
Lender 
or 
L/C 
Issuer, 
as 
applicable, 
has 
notified 
the 
Administrative Agent 
that it 
is incapable 
of receiving 
notices under 
such Sections 
by electronic 
communication. 
The Administrative Agent or the 
Borrower may, in its discretion, agree to accept 
notices 
and 
other 
communications 
to 
it 
hereunder 
by 
electronic 
communications 
pursuant 
to 
procedures approved by it; 
provided 
that approval of such procedures may be limited 
to particular 
notices or communications. 
Unless 
the 
Administrative 
Agent 
otherwise 
prescribes, 
(i) notices 
and 
other 
communications sent 
to an e-mail 
address shall be 
deemed received 
upon the sender’s 
receipt of 
an 
acknowledgement 
from 
the 
intended 
recipient 
(such 
as 
by 
the 
“return 
receipt 
requested” 
function, 
as 
available, 
return 
e-mail 
or 
other 
written 
acknowledgement), 
and 
(ii) notices 
or 
communications 
posted 
to 
an 
Internet 
or 
intranet 
website 
shall 
be 
deemed 
received 
upon 
the 
deemed 
receipt 
by 
the 
intended 
recipient, 
at 
its 
e-mail 
address 
as 
described 
in 
the 
foregoing 
clause (i), 
of 
notification 
that 
such 
notice 
or 
communication 
is 
available 
and 
identifying 
the 
website address therefor; 
provided 
that, for both clauses (i) and (ii) above, if such notice, email or 
other communication is not sent 
during the normal business hours of 
the recipient, such notice or 

-108-
communication shall be deemed to have been sent at the opening of business on the next business 
day for the recipient. 
 
(c) 
Change of 
Address, etc. 

Any party 
hereto may 
change its 
address or 
facsimile number 
for notices and other communications hereunder by notice to the other parties hereto. 
 
(d) 
Platform. 

(i) Each Loan 
Party agrees 
that the 
Administrative Agent 
may, 
but shall 
not be obligated to, make 
the Communications (as defined below) 
available to the L/C Issuers 
and 
the 
other 
Lenders 
by 
posting 
the 
Communications 
on 
Debt 
Domain, 
Intralinks, 
Syndtrak 
or 
a 
substantially similar electronic transmission system (the 
“Platform”
). 
 
(ii) 
The Platform is provided “as is” and 
“as available.” 
The Agent Parties (as 
defined below) 
do not 
warrant the 
adequacy of 
the Platform 
and expressly 
disclaim liability 
for errors or omissions 
in the Communications. 
No warranty of any kind, 
express, implied 
or statutory, 
including, without 
limitation, any 
warranty 
of merchantability, 
fitness for 
a 
particular purpose, non-infringement of third-party 
rights or freedom from viruses 
or other 
code defects, 
is made 
by any 
Agent Party 
in connection 
with the 
Communications or 
the 
Platform. 
In 
no 
event 
shall 
the 
Administrative 
Agent 
or 
any 
of 
its 
Related 
Parties 
(collectively, 
the 
“Agent 
Parties”
) 
have 
any 
liability 
to 
the Borrower 
or 
the 
other 
Loan 
Parties, 
any 
Lender 
or 
any 
other 
Person 
or 
entity 
for 
damages 
of 
any 
kind, 
including, 
without limitation, 
direct or 
indirect, special, 
incidental or 
consequential damages, 
losses 
or expenses (whether 
in tort, contract 
or otherwise) arising 
out of the 
Borrower’s, any Loan 
Party’s 
or 
the 
Administrative 
Agent’s 
transmission 
of 
communications 
through 
the 
Platform, except to the extent that such losses, claims, damages and liabilities or expenses 
are determined by a court of competent jurisdiction by final and non-appealable judgment 
to 
have 
resulted 
from 
the 
gross 
negligence 
or 
willful 
misconduct 
of 
the 
Agent 
Parties. 

“Communications”
 
means, collectively, any 
notice, demand, 
communication, information, 
document or 
other material 
provided by 
or on 
behalf 
of any 
Loan Party 
pursuant to 
any 
Loan 
Document 
or 
the 
transactions 
contemplated 
therein 
which 
is 
distributed 
to 
the 
Administrative 
Agent, 
any 
Lender 
or 
any 
L/C 
Issuer 
by 
means 
of 
electronic 
communications pursuant to this Section, including through the Platform. 
 
(e) 
Private Side Designation
. 
Each public Lender agrees to cause at least 
one individual 
at or on behalf of 
such public Lender to all 
times have selected the “Private 
Side Information” or 
similar designation on 
the content declaration 
screen of the 
Platform in order 
to enable such 
public 
Lender 
or 
its 
delegate, 
in 
accordance 
with 
such 
public 
Lender’s 
compliance 
procedures 
and 
applicable 
laws, 
including 
United 
States 
Federal 
and 
state 
securities 
applicable 
laws, 
to 
make 
reference to Borrower or any 
Loan Party materials that are 
not made available through the 
“Public 
Side Information” 
portion of 
the Platform 
and that 
may contain 
material non-public 
information 
with respect 
to the 
Borrower or 
any Loan 
Party or 
their securities 
for purposes 
of United 
States 
Federal or state securities applicable laws. 
Section 13.2. 
Successors and Assigns
. 

 
(a) 
Successors and 
Assigns Generally. 
 
The provisions 
of this 
Agreement shall 
be binding 
upon 
and 
inure 
to 
the 
benefit 
of 
the 
parties 
hereto 
and 
their 
respective 
successors 
and 
assigns 

-109-
permitted 
hereby, 
except 
that 
neither 
the 
Borrower 
nor 
any 
other 
Loan 
Party 
may 
assign 
or 
otherwise transfer 
any of 
its rights 
or obligations 
hereunder without 
the prior 
written consent 
of 
the Administrative Agent and each 
Lender, and no Lender may assign 
or otherwise transfer any of 
its rights 
or obligations 
hereunder except 
(i) to an 
assignee in 
accordance with 
the provisions 
of 
paragraph (b) 
of 
this 
Section, 
(ii) by 
way 
of 
participation 
in 
accordance 
with 
the 
provisions 
of 
paragraph (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject 
to the restrictions of paragraph (e) of this Section (and any other attempted assignment or transfer 
by any party 
hereto shall be 
null and void). 
Nothing in this 
Agreement, expressed or 
implied, shall 
be construed to confer 
upon any Person (other 
than the parties hereto, 
their respective successors 
and assigns permitted 
hereby, 
Participants to the 
extent provided in 
paragraph (d) of this 
Section 
and, to the 
extent expressly contemplated 
hereby, the Related Parties of 
each of the 
Administrative 
Agent and 
the Lenders) 
any legal 
or equitable 
right, remedy 
or claim 
under or 
by reason 
of this 
Agreement. 
 
(b) 
Assignments by 
Lenders. 

Any Lender 
may at 
any time 
assign to 
one or 
more assignees 
all or a portion of its rights and obligations 
under this Agreement (including all or a portion of 
its 
Commitments and 
the Loans at 
the time 
owing to it); 
provided
 
that (in 
each case with 
respect to 
any Facility) any such assignment shall be subject to the following conditions: 
 
(i) 
Minimum Amounts. 

(A) in the 
case of 
an assignment 
of the 
entire remaining 
amount of the 
assigning Lender’s Commitments 
and the Loans 
at the time 
owing to it (in 
each case 
with respect 
to any 
Facility) or 
in the 
case of 
an assignment 
to a 
Lender or 
an 
Affiliate of a Lender, no minimum amount need be assigned; and 
 
(B) 
in 
any 
case 
not 
described 
in 
paragraph (b)(i)(A) 
of 
this 
Section, 
the 
aggregate 
amount 
of 
the 
relevant 
Commitment 
(which 
for 
this 
purpose 
includes 
Loans 
outstanding thereunder) 
or, if the 
applicable Commitment 
is not 
then in 
effect, the principal 
outstanding balance of the Loans of the assigning Lender subject to each such 
assignment 
(determined as 
of the 
date the 
Assignment and 
Assumption with 
respect to 
such assignment 
is delivered to 
the Administrative Agent 
or, if 
“Trade Date” 
is specified in 
the Assignment 
and Assumption, as of 
the Trade Date) shall not 
be less than 
$5,000,000, unless each of 
the 
Administrative Agent and, so long as 
no Event of Default has occurred 
and is continuing, 
the Borrower 
otherwise consents 
(each such 
consent not 
to be 
unreasonably withheld 
or 
delayed). 
 
(ii) 
Proportionate 
Amounts. 

Each 
partial 
assignment 
shall 
be 
made 
as 
an 
assignment of 
a proportionate 
part of 
all the 
assigning Lender’s 
rights and 
obligations under 
this Agreement with respect to the Loan or the Commitment assigned. 
 
(iii) 
Required Consents. 

No consent 
shall be 
required for 
any assignment 
except 
to the extent required by paragraph (b)(i)(B) of this Section and, in addition: 
 
(A) 
the consent 
of the 
Borrower (such 
consent not 
to be 
unreasonably 
withheld or delayed) shall be required 
unless (x) an Event of Default 
has occurred 
and 
is 
continuing 
at 
the 
time 
of 
such 
assignment, 
or 
(y) 
such 
assignment 
is 
to 
a 
Lender or an Affiliate 
of a Lender; 
provided
 
that the Borrower shall be 
deemed to 

-110-
have 
consented 
to 
any 
such 
assignment 
unless 
it 
shall 
object 
thereto 
by 
written 
notice 
to 
the 
Administrative 
Agent 
within 
ten (10) 
Business 
Days 
after 
having 
received notice thereof; 
 
(B) 
the 
consent 
of 
the 
Administrative 
Agent 
(such 
consent 
not 
to 
be 
unreasonably withheld 
or delayed) 
shall be 
required for 
assignments in 
respect of 
(i) the Revolving Facility 
if such assignment 
is to a 
Person that is not 
a Lender with 
a Commitment in respect of 
the Revolving Facility or an 
Affiliate of such Lender, 
or (ii) any Incremental Term 
Loans to a Person who is not a Lender or an Affiliate 
of a Lender; and 
 
(C) 
the 
consent 
of 
each 
L/C 
Issuer 
and 
Swingline 
Lender 
shall 
be 
required for any assignment in respect of the Revolving Facility. 
 
(iv) 
Assignment and Assumption. 

The parties to each assignment 
shall execute 
and deliver 
to the 
Administrative Agent 
an Assignment 
and Assumption, 
together with 
a 
processing and recordation fee of $3,500; 
provided 
that the Administrative Agent may, 
in 
its sole 
discretion, elect 
to waive 
such processing 
and recordation 
fee in 
the case 
of any 
assignment
. 
 
The assignee, if 
it is not 
a Lender, 
shall deliver to 
the Administrative Agent 
an Administrative Questionnaire. 
 
(v) 
No Assignment 
to Certain 
Persons. 

No such 
assignment shall 
be made 
to 
(A) the Borrower or any other Loan Party 
or any Loan Party’s Affiliates or Subsidiaries or 
(B) to any Defaulting 
Lender or any 
of its Subsidiaries, 
or any Person 
who, upon becoming 
a 
Lender 
hereunder, 
would 
constitute 
any 
of 
the 
foregoing 
Persons 
described 
in 
this 
clause (B). 
 
(vi) 
No Assignment to Natural Persons. 

No such assignment shall be made to 
a 
natural 
Person 
(or 
a 
holding 
company, 
investment 
vehicle 
or 
trust 
for 
or 
owned 
and 
operated 
for 
the 
primary 
benefit 
of 
a 
natural 
person) 
(herein 
any 
of 
the 
foregoing 
is 
a 
“natural Person”). 
 
(vii) 
Certain Additional Payments. 

In connection with any assignment of rights 
and obligations of any Defaulting Lender 
hereunder, no such assignment shall be effective 
unless and 
until, in 
addition to 
the other 
conditions thereto 
set forth 
herein, the 
parties to 
the 
assignment 
shall 
make 
such 
additional 
payments 
to 
the 
Administrative 
Agent 
in 
an 
aggregate 
amount 
sufficient, 
upon 
distribution 
thereof 
as 
appropriate 
(which 
may 
be 
outright payment, purchases by the 
assignee of participations or subparticipations, 
or other 
compensating 
actions, 
including 
funding, 
with 
the 
consent 
of 
the 
Borrower 
and 
the 
Administrative Agent, the applicable pro rata share of 
Loans previously requested but not 
funded by 
the Defaulting 
Lender, 
to each 
of which 
the applicable 
assignee and 
assignor 
hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed 
by 
such 
Defaulting 
Lender 
to 
the 
Administrative 
Agent, 
each 
L/C 
Issuer, 
the 
Swingline 
Lender 
and 
each 
other 
Lender 
hereunder 
(and 
interest 
accrued 
thereon), 
and 
(y) acquire 
(and fund as appropriate) its full pro rata share of 
all Loans and participations in Letters of 
Credit 
and 
Swingline 
Loans 
in 
accordance 
with 
its 
Percentage. 
Notwithstanding 
the 

-111-
foregoing, 
in 
the 
event 
that 
any 
assignment 
of 
rights 
and 
obligations 
of 
any 
Defaulting 
Lender 
hereunder 
shall 
become 
effective 
under applicable 
law 
without 
compliance 
with 
the provisions of this paragraph, then the assignee of such interest shall be deemed to be a 
Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
Subject to acceptance 
and recording thereof 
by the 
Administrative Agent 
pursuant to 
paragraph (c) 
of this 
Section, from 
and after 
the effective 
date specified 
in each 
Assignment and 
Assumption, 
the assignee 
thereunder shall be 
a party 
to this Agreement 
and, to 
the extent 
of the interest 
assigned 
by 
such 
Assignment 
and 
Assumption, 
have 
the 
rights 
and 
obligations 
of 
a 
Lender 
under 
this 
Agreement, 
and 
the 
assigning 
Lender 
thereunder 
shall, 
to 
the 
extent 
of the 
interest 
assigned 
by 
such Assignment and Assumption, be released from its obligations under this Agreement 
(and, in 
the 
case 
of 
an 
Assignment 
and 
Assumption 
covering 
all 
of 
the 
assigning 
Lender’s 
rights 
and 
obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue 
to 
be 
entitled 
to 
the 
benefits 
of 
Sections 13.4 
and 
13.6 
with 
respect 
to 
facts 
and 
circumstances 
occurring 
prior 
to 
the 
effective 
date 
of 
such 
assignment; 
provided 
that 
except 
to 
the 
extent 
otherwise 
expressly 
agreed 
by 
the 
affected 
parties, 
no 
assignment 
by 
a 
Defaulting 
Lender 
will 
constitute a 
waiver or 
release of 
any claim 
of any 
party hereunder 
arising from 
that Lender’s 
having 
been a Defaulting Lender. 
Any assignment or transfer by 
a Lender of rights or obligations 
under 
this 
Agreement 
that 
does 
not 
comply 
with 
this 
paragraph 
shall 
be 
treated 
for 
purposes 
of 
this 
Agreement as a sale by 
such Lender of a participation 
in such rights and obligations 
in accordance 
with paragraph (d) of this Section. 
 
(c) 
Register. 

The Administrative Agent, acting solely for this purpose as an agent of the 
Borrower, shall 
maintain at one 
of its offices 
in Chicago, Illinois
a copy of 
each Assignment and 
Assumption 
delivered 
to it 
and a 
register 
for 
the recordation 
of 
the names 
and addresses 
of the 
Lenders, and the Commitments of, and principal amounts 
(and stated interest) of the Loans owing 
to, each Lender pursuant 
to the terms 
hereof from time to 
time (the 
“Register”
). 
The entries in the 
Register shall 
be conclusive 
absent manifest 
error, 
and the 
Borrower, 
the Administrative 
Agent 
and the 
Lenders shall 
treat each 
Person whose 
name 
is recorded 
in the 
Register pursuant 
to the 
terms 
hereof 
as 
a 
Lender 
hereunder 
for 
all 
purposes 
of 
this 
Agreement. 
The 
Register 
shall 
be 
available for inspection by the Borrower and any Lender, at any reasonable time and from time to 
time upon reasonable prior notice. 
 
(d) 
Participations. 

Any Lender may at any 
time, without the consent of, 
or notice to, the 
Borrower 
or 
the 
Administrative 
Agent, 
sell 
participations 
to 
any 
Person 
(other 
than 
a 
natural 
Person or the Borrower 
or any other Loan 
Party or any Loan 
Party’s 
Affiliates or Subsidiaries 
or 
any other Person prohibited under 
Section 13.2 (b)(v) (each, 
a 
“Participant”
) in all or a 
portion of 
such 
Lender’s 
rights 
and/or 
obligations 
under 
this 
Agreement 
(including 
all 
or 
a 
portion 
of 
its 
Commitments and/or the 
Loans owing to 
it);
 
provided
 
that (i) such Lender’s obligations 
under this 
Agreement shall 
remain unchanged, 
(ii) such Lender 
shall remain 
solely responsible to 
the other 
parties hereto for the 
performance of such obligations, 
and (iii) the Borrower, 
the Administrative 
Agent, the L/C Issuers and Lenders shall 
continue to deal solely and directly with 
such Lender in 
connection with such Lender’s rights and obligations under this Agreement. 
For the avoidance of 
doubt, each Lender shall 
be responsible for 
the indemnity under Section 10.8 
with respect to 
any 
payments made by such Lender to its Participant(s). 

-112-
Any agreement 
or instrument 
pursuant to 
which a 
Lender sells 
such a 
participation shall 
provide that such Lender shall 
retain the sole right to 
enforce this Agreement and 
to approve any 
amendment, 
modification 
or 
waiver 
of 
any 
provision 
of 
this 
Agreement; 
provided 
that 
such 
agreement 
or 
instrument 
may 
provide 
that 
such 
Lender 
will 
not, 
without 
the 
consent 
of 
the 
Participant, 
agree 
to 
any 
amendment, 
modification 
or 
waiver 
described 
in 
Section 13.3 
that 
expressly relate to amendments requiring the unanimous consent 
of the Lenders in the Revolving 
Facility in which such Participant participates. 
The Borrower agrees that each 
Participant shall be 
entitled to 
the benefits 
of Sections 4.1, 
4.4, and 
4.5 (subject 
to the 
requirements and 
limitations 
therein, 
including 
the 
requirements 
under 
Section 4.1(g) 
(it 
being 
understood 
that 
the 
documentation required under Section 4.1(g) 
shall be delivered to 
the participating Lender)) to 
the 
same 
extent 
as 
if 
it 
were 
a 
Lender 
and 
had 
acquired 
its 
interest 
by 
assignment 
pursuant 
to 
paragraph (b) 
of 
this 
Section; 
provided 
that 
such 
Participant 
(A) 
agrees 
to 
be 
subject 
to 
the 
provisions of 
Sections 2.12 and 
4.7 as if 
it were 
an assignee 
under paragraph (b) 
of this Section; 
and (B) shall not be 
entitled to receive any 
greater payment under Sections 4.1
or 4.4, with respect 
to any 
participation, than 
its participating 
Lender would 
have been 
entitled to 
receive, except 
to 
the extent such entitlement to receive a greater payment results from a Change in Law that occurs 
after the 
Participant acquired 
the applicable 
participation. 
Each Lender 
that sells 
a participation 
agrees, 
at 
the 
Borrower’s 
request 
and 
expense, 
to 
use 
reasonable 
efforts 
to 
cooperate 
with 
the 
Borrower to 
effectuate the provisions 
of Section 2.12 
with respect 
to any 
Participant. 
To the extent 
permitted by 
law, 
each Participant 
also shall 
be entitled 
to the 
benefits of 
Section 13.6 (Right 
of 
Setoff) 
as 
though 
it 
were 
a 
Lender; 
provided 
that 
such 
Participant 
agrees 
to 
be 
subject 
to 
Section 13.7 (Sharing of 
Payments by Lenders) as 
though it were 
a Lender. 
Each Lender that sells 
a participation shall, acting solely for 
this purpose as an agent 
of the Borrower, maintain a register 
on which it enters the name and address of each Participant and the principal amounts (and stated 
interest) of each Participant’s interest in 
the Loans or other 
obligations under the Loan 
Documents 
(the 
“Participant Register”
); 
provided
 
that no Lender shall 
have any obligation to 
disclose all or 
any portion of 
the Participant Register 
(including the identity 
of any Participant 
or any information 
relating 
to 
a 
Participant’s 
interest 
in 
any 
commitments, 
loans, 
letters 
of 
credit 
or 
its 
other 
obligations under any 
Loan Document) to 
any Person except 
to the extent 
that such disclosure 
is 
necessary 
to 
establish 
that 
such 
commitment, 
loan, 
letter 
of 
credit 
or 
other 
obligation 
is 
in 
registered form under Section 5f.103-1(c) of the United States Treasury 
Regulations. 
The entries 
in the 
Participant Register 
shall be 
conclusive absent 
manifest error, 
and such 
Lender shall 
treat 
each Person whose name is recorded in the Participant Register as 
the owner of such participation 
for all purposes of this Agreement 
notwithstanding any notice to the contrary. 
For the avoidance 
of 
doubt, 
the 
Administrative 
Agent 
(in 
its 
capacity 
as 
Administrative 
Agent) 
shall 
have 
no 
responsibility for maintaining a Participant Register. 
 
(e) 
Certain Pledges. 

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

Section 13.3. 
Amendments. 
 
Any provision of 
this Agreement or 
the other Loan 
Documents 
may be amended 
or waived if, 
but only if, 
such amendment or 
waiver is in 
writing and is 
signed 
by (a) the Borrower, (b) the Required Lenders (or 
the Administrative Agent acting at the 
direction 

-113-
of 
the 
Required 
Lenders) 
(except 
as 
otherwise 
stated 
below 
to 
require 
only 
the 
consent 
of 
the 
Lenders 
affected 
thereby), 
and 
(c) if 
the 
rights 
or 
duties 
of 
the 
Administrative 
Agent, 
the 
L/C Issuer, or the 
Swingline Lender 
are affected 
thereby, the Administrative 
Agent, the 
L/C Issuer, 
or the Swingline Lender, as applicable; 
provided
 
that:
 
(i) 
no 
amendment 
or 
waiver 
pursuant 
to 
this 
Section 13.3 
shall 
(A) increase 
any 
Commitment 
of 
any 
Lender 
without 
the 
consent 
of 
such 
Lender 
or 
(B) reduce 
the 
amount of or 
postpone the date 
for any scheduled 
payment of any 
principal of or 
interest 
on any Loan or of any 
Reimbursement Obligation or of any 
fee payable hereunder without 
the consent of 
the Lender to 
which such 
payment is owing 
or which has 
committed to 
make 
such Loan 
or Letter 
of Credit 
(or participate 
therein) hereunder; 
provided, 
however,
 
that 
only the 
consent of 
the Required 
Lenders shall 
be necessary 
(i) to amend 
the default 
rate 
provided in Section 2.9 
or to waive 
any obligation of the 
Borrower to pay interest 
or fees 
at the default rate as set forth therein or (ii) to amend any financial covenant hereunder 
(or 
any defined 
term used 
therein) even 
if the 
effect of 
such amendment 
would be 
to reduce 
the rate of interest or any fee payable hereunder; 
 
(ii) 
no amendment or 
waiver pursuant to 
this Section 13.3 shall, 
unless signed 
by each Lender, 
change the definition 
of Required Lenders, 
change the provisions 
of this 
Section 
13.3, 
change 
Section 13.7 
in 
a 
manner 
that 
would 
affect 
the 
ratable 
sharing 
of 
setoffs 
required thereby, 
change the 
application of 
payments contained 
in Section 3.1 
or 
9.5, release 
any material 
Guarantor or 
all or 
substantially all 
of the 
Collateral (except 
as 
otherwise provided for in the Loan 
Documents), or affect the number 
of Lenders required 
to take any action hereunder or under any other Loan Document; 

 
(iii) 
no amendment or 
waiver pursuant to 
this Section 13.3 
shall, unless signed 
by each Lender affected thereby, extend the Revolving 
Credit Termination Date, or extend 
the stated expiration date 
of any Letter of 
Credit beyond the Revolving 
Credit Termination 
Date; and 
 
(iv) 
no 
amendment 
to 
Section 11 
shall 
be 
made 
without 
the 
consent 
of 
the 
Guarantor(s) affected thereby. 
Notwithstanding anything to the contrary herein, (1) no Defaulting Lender shall have 
any right to 
approve or disapprove any 
amendment, waiver or consent 
hereunder (and any amendment, 
waiver 
or consent which by its 
terms requires the consent of 
all Lenders or each affected 
Lender may be 
effected with the consent of 
the applicable Lenders other than 
Defaulting Lenders), except that 
(x) 
the Commitment of any Defaulting Lender may not be increased 
or extended without the consent 
of such 
Lender and 
(y) any 
waiver, amendment or 
modification requiring 
the consent 
of all 
Lenders 
or each affected Lender that by its terms affects any Defaulting Lender more adversely than other 
affected 
Lenders 
shall 
require 
the 
consent 
of 
such 
Defaulting 
Lender, 
(2) if 
the 
Administrative 
Agent 
and 
the 
Borrower 
have 
jointly 
identified 
an 
obvious 
error 
or 
any 
error 
or 
omission 
of 
a 
technical nature, 
in each 
case, in 
any provision 
of the 
Loan Documents, 
then the 
Administrative 
Agent 
and 
the 
Borrower 
shall 
be 
permitted 
to 
amend 
such 
provision, 
(3) 
guarantees, 
collateral 
security documents 
and related 
documents executed 
by the 
Borrower or 
any other 
Loan Party 
in 
connection with 
this Agreement 
may be 
in a 
form reasonably 
determined by 
the Administrative 

-114-
Agent and 
may be 
amended, supplemented 
or waived 
without the 
consent of 
any Lender 
if such 
amendment, supplement or waiver is 
delivered in order to (x) comply 
with local law or advice of 
local 
counsel, 
(y) cure 
ambiguities, 
omissions, 
mistakes 
or 
defects 
or 
(z) cause 
such 
guarantee, 
collateral security document or other 
document to be consistent with 
this Agreement and the other 
Loan 
Documents, 
(4) the 
Borrower 
and 
the 
Administrative 
Agent 
may, 
without 
the 
input 
or 
consent of any other Lender, effect amendments 
to this Agreement and 
the other Loan Documents 
as may 
be necessary 
in the 
reasonable opinion 
of the 
Borrower and 
the Administrative 
Agent to 
effect 
the 
provisions 
of 
Section 2.15, 
and 
(5) this 
Section 
13.3 
shall 
be 
subject 
to 
the 
terms 
of 
Section 4.3(c) in all respects. 

Section 13.4. 
Costs and Expenses; Indemnification
. 

 
(a) 
Costs 
and 
Expenses. 

The 
Borrower 
shall 
pay 
(i) all 
reasonable 
and 
documented 
out-of-pocket 
expenses 
incurred 
by 
the 
Administrative 
Agent 
and 
its 
Affiliates 
(including 
the 
reasonable fees, 
charges and 
disbursements of 
outside counsel 
for the 
Administrative Agent), 
in 
connection 
with 
the 
syndication 
of 
the 
Revolving 
Facility 
of 
any 
Incremental 
Term 
Loan, 
the 
preparation, negotiation, 
execution, delivery 
and administration 
of this 
Agreement and 
the other 
Loan Documents, or 
any amendments, 
modifications or 
waivers of 
the provisions 
hereof or 
thereof 
(whether or 
not the 
transactions contemplated 
hereby or 
thereby shall 
be consummated), 
including, 
without 
limitation, 
such 
documented 
fees 
and 
expenses 
incurred 
in 
connection 
with 
(x) the 
creation, 
perfection 
or 
protection 
of 
the 
Liens 
under 
the 
Loan 
Documents 
(including 
all 
title 
insurance 
fees 
and 
all 
search, 
filing 
and 
recording 
fees) 
and 
(y) environmental 
assessments, 
insurance 
reviews, 
collateral 
audits 
and 
valuations, 
and 
field 
exams 
as 
provided 
herein, 
(ii) all 
documented reasonable out-of-pocket expenses incurred by any L/C Issuer in connection 
with the 
issuance, amendment, 
renewal or 
extension of 
any Letter 
of Credit 
or any 
demand for 
payment 
thereunder, and (iii) all documented 
out-of-pocket expenses 
incurred by the 
Administrative Agent, 
any Lender 
or any 
L/C Issuer 
(including the 
fees, charges 
and disbursements 
of any 
outside counsel 
for 
the 
Administrative 
Agent, 
any 
Lender 
or 
any 
L/C 
Issuer), 
and 
shall 
pay 
all 
fees 
and 
time 
charges for attorneys who may be employees of the Administrative Agent, 
any Lender or any L/C 
Issuer, 
in connection 
with the 
enforcement or 
protection of 
its rights 
(A) in connection 
with this 
Agreement 
and 
the 
other 
Loan 
Documents, 
including 
its 
rights 
under 
this 
Section, 
or 
(B) in 
connection 
with 
the 
Loans 
made 
or 
Letters 
of 
Credit 
issued 
hereunder, 
including 
all 
such 
documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in 
respect 
of 
such 
Loans 
or 
Letters 
of 
Credit 
(including 
all 
such 
costs 
and 
expenses 
incurred 
in 
connection with any proceeding 
under the United 
States Bankruptcy Code involving 
the Borrower 
or any other Loan Party as a debtor thereunder). 
 
(b) 
Indemnification 
by 
the 
Loan 
Parties. 

Each 
Loan 
Party 
shall 
indemnify 
the 
Administrative 
Agent 
(and 
any 
sub-agent 
thereof), 
each 
Lender 
and 
each 
L/C 
Issuer, 
and 
each 
Related Party 
of any 
of the 
foregoing Persons 
(each such 
Person being 
called an 
“Indemnitee”
) 
against, and hold 
each Indemnitee harmless 
from, any and 
all losses, claims, 
damages, liabilities 
and related expenses 
(including the fees, 
charges and disbursements 
of any outside 
counsel for any 
Indemnitee), 
incurred 
by 
any 
Indemnitee 
or 
asserted 
against 
any 
Indemnitee 
by 
any 
Person 
(including any third 
party or the 
Borrower or any 
other Loan Party) 
arising out of, 
in connection 
with, or 
as a result 
of (i) the 
execution or 
delivery of 
this Agreement, 
any other 
Loan Document 
or any 
agreement or 
instrument contemplated 
hereby or 
thereby, 
the performance 
by the 
parties 

-115-
hereto 
of 
their 
respective 
obligations 
hereunder 
or 
thereunder 
or 
the 
consummation 
of 
the 
transactions 
contemplated 
hereby 
or 
thereby, 
or, 
in 
the 
case 
of 
Administrative 
Agent 
(and 
any 
sub-agent 
thereof), 
any 
Swingline 
Lender 
and 
L/C 
Issuer, 
and 
their 
Related 
Parties, 
the 
administration and 
enforcement of 
this Agreement 
and the 
other Loan 
Documents (including 
all 
such 
costs 
and 
expenses 
incurred 
in 
connection 
with 
any 
proceeding 
under 
the 
United 
States 
Bankruptcy Code involving the Borrower 
or any other Loan Party 
as a debtor thereunder), (ii) any 
Loan or 
Letter of 
Credit or 
the use 
or proposed 
use of 
the proceeds 
therefrom (including 
any refusal 
by 
any 
L/C 
Issuer 
to 
honor 
a 
demand 
for 
payment 
under 
a 
Letter 
of 
Credit 
if 
the 
documents 
presented in connection with such demand do not strictly comply with the terms of such Letter of 
Credit), (iii) any 
Environmental Claim 
or Environmental 
Liability, 
including with 
respect to 
the 
actual 
or 
alleged 
presence 
or 
Release 
of 
Hazardous 
Materials, 
wastes, 
or 
products, 
including 
manure, at, 
on or 
from any 
property owned 
or operated 
by any 
Loan Party 
or any 
of its 
Subsidiaries 
or 
at 
any 
off-site 
location, 
related 
in 
any 
way 
to 
any 
Loan 
Party 
or 
any 
of 
its 
Subsidiaries, 
or 
(iv) any actual 
or prospective 
claim, litigation, 
investigation or 
proceeding relating 
to any 
of the 
foregoing, whether based on contract, tort or any 
other theory, whether brought by a third party or 
by 
the 
Borrower 
or 
any 
other 
Loan 
Party, 
and 
regardless 
of 
whether 
any 
Indemnitee 
is 
a 
party 
thereto (including, 
without limitation, 
any settlement 
arrangement arising 
from or 
relating to 
the 
foregoing); 
provided 
that such indemnity shall 
not, as to 
any Indemnitee, be available 
to the extent 
that such losses, 
claims, damages, liabilities 
or related 
expenses (x) are determined 
by a court 
of 
competent 
jurisdiction 
by 
final 
and 
nonappealable 
judgment 
to 
have 
resulted 
from 
the 
gross 
negligence 
or 
willful 
misconduct 
of 
such 
Indemnitee 
or 
(y) result 
from 
a 
claim 
brought 
by 
the 
Borrower 
or 
any 
other 
Loan 
Party 
against 
an 
Indemnitee 
for 
breach 
in 
bad 
faith 
of 
such 
Indemnitee’s 
obligations hereunder 
or under 
any other 
Loan Document, 
if the 
Borrower or 
such 
Loan 
Party 
has 
obtained 
a 
final 
and 
nonappealable 
judgment 
in 
its 
favor 
on 
such 
claim 
as 
determined by a court 
of competent jurisdiction. 
This subsection (b) shall not 
apply with respect 
to Taxes other 
than any 
Taxes that represent 
losses, claims, 
damages, etc. 
arising from 
any non-Tax 
claim. 
 
(c) 
Reimbursement by Lenders. 

To the extent that (i) the Loan Parties 
for any reason fail 
to indefeasibly pay 
any amount required 
under subsection (a) 
or (b) of 
this Section to be 
paid by 
any of them 
to the Administrative 
Agent (or any 
sub-agent thereof), any 
L/C Issuer, any Swingline 
Lender or any Related 
Party or (ii) any liabilities, 
losses, damages, penalties, actions, 
judgments, 
suits, costs, expenses or disbursements of any kind or nature 
whatsoever are imposed on, incurred 
by, 
or asserted against, Administrative 
Agent, the L/C Issuer, 
any Swingline Lender or 
a Related 
Party in any way relating to 
or arising out of this Agreement 
or any other Loan Document or 
any 
action taken or 
omitted to be 
taken by Administrative 
Agent, the L/C 
Issuer, any Swingline Lender 
or a Related Party in connection 
therewith, then, in each case, each Lender 
severally agrees to pay 
to the 
Administrative Agent (or 
any such sub-agent), 
such L/C Issuer, 
such Swingline Lender 
or 
such Related 
Party, 
as the 
case may 
be, such 
Lender’s pro 
rata share 
(determined as 
of the 
time 
that the applicable unreimbursed expense or indemnity payment is sought 
based on each Lender’s 
share of 
the Total Credit Exposure 
at such 
time) of 
such unpaid 
amount (including 
any such 
unpaid 
amount in respect of 
a claim asserted by 
such Lender); 
provided
 
that with respect to 
such unpaid 
amounts 
owed 
to 
any 
L/C 
Issuer 
or 
Swingline 
Lender 
solely 
in 
its 
capacity 
as 
such, 
only 
the 
Lenders 
party 
to 
the 
Revolving 
Facility 
shall 
be 
required 
to 
pay 
such 
unpaid 
amounts, 
such 
payment to be made 
severally among them based on 
such Lenders’ pro rata 
share (determined as 
of 
the time 
that 
the applicable 
unreimbursed expense 
or indemnity 
payment is 
sought based 
on 

-116-
each such Lender’s 
share of the 
Revolving Credit Exposure 
at such time); 
and 
provided, further,
that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as 
the 
case 
may 
be, 
was 
incurred 
by 
or 
asserted 
against 
the 
Administrative 
Agent 
(or 
any 
such 
sub-agent), such 
L/C Issuer 
or such 
Swingline Lender 
in its 
capacity as 
such, or 
against any 
Related 
Party of 
any of 
the foregoing 
acting for 
the Administrative 
Agent (or 
any such 
sub-agent), such 
L/C Issuer or any 
such Swingline Lender in 
connection with such capacity. 
The obligations of the 
Lenders under this subsection (c) are subject to the provisions of Section 13.15. 
 
(d) 
Waiver of Consequential Damages, Etc. 

To the fullest extent permitted 
by applicable 
law, 
the Loan 
Parties shall 
not assert, 
and hereby 
waives, any 
claim against 
any Indemnitee, 
on 
any theory 
of liability, for 
special, indirect, 
consequential or 
punitive damages 
(as opposed 
to direct 
or actual damages) arising 
out of, in connection 
with, or as a 
result of, this Agreement, 
any other 
Loan 
Document 
or 
any 
agreement 
or 
instrument 
contemplated 
hereby, 
the 
transactions 
contemplated hereby or thereby, 
any Loan or Letter 
of Credit, or the 
use of the proceeds 
thereof. 

No Indemnitee referred to in 
subsection (b) above shall be liable for 
any damages arising from the 
use 
by 
unintended 
recipients 
of 
any 
information 
or 
other 
materials 
distributed 
by 
it 
through 
telecommunications, electronic or other information transmission systems in connection with this 
Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 
 
(e) 
Payments. 

All amounts due 
under this Section 
shall be payable 
not later than 
30 days 
after demand therefor. 
 
(f) 
Survival. 

Each party’s obligations under this Section shall survive the 
termination of 
the Loan Documents and payment of the obligations hereunder. 
Section 13.5. 
No 
Waiver, 
Cumulative 
Remedies.
 
No 
delay 
or 
failure 
on 
the 
part 
of 
the 
Administrative Agent, the L/C Issuer, or any Lender, or on the part of 
the holder or holders of any 
of the Obligations, 
in the exercise 
of any power 
or right under 
any Loan Document 
shall operate 
as a waiver thereof or as an acquiescence in any default, nor shall any single or partial exercise of 
any power or 
right preclude any 
other or further 
exercise thereof or 
the exercise of 
any other power 
or 
right. 
The 
rights 
and 
remedies 
hereunder 
of 
the 
Administrative 
Agent, 
the 
L/C Issuer, 
the 
Lenders, and 
of the 
holder or 
holders of 
any of 
the Obligations are 
cumulative to, 
and not 
exclusive 
of, any rights or remedies which any of them would otherwise have.
 
Section 13.6. 
Right of Setoff.
 
In addition to 
any rights now 
or hereafter granted 
under the 
Loan Documents or applicable law and not by way of limitation of any such rights, if an Event of 
Default shall 
have occurred 
and be 
continuing, each 
Lender, 
each 
L/C Issuer, 
and each 
of their 
respective Affiliates 
is hereby 
authorized at 
any time 
and from 
time to 
time, to 
the fullest 
extent 
permitted by applicable 
law, 
to set off 
and apply any 
and all deposits 
(general or special, 
time or 
demand, 
provisional 
or 
final, 
in 
whatever 
currency) 
at 
any 
time 
held, 
and 
other 
obligations 
(in 
whatever currency) at 
any time owing, 
by such Lender, 
such L/C Issuer 
or any such 
Affiliate, to 
or for the credit or the account of the 
Borrower or any other Loan Party against any and 
all of the 
obligations of the Borrower or such Loan Party 
now or hereafter existing under this Agreement 
or 
any 
other 
Loan 
Document 
to 
such 
Lender 
or 
such 
L/C 
Issuer 
or 
their 
respective 
Affiliates, 
irrespective of 
whether or 
not such 
Lender, 
L/C Issuer 
or Affiliate 
shall have 
made any 
demand 
under this Agreement or 
any other Loan Document 
and although such obligations 
of the Borrower 

-117-
or such Loan Party may be contingent or unmatured or are owed 
to a branch, office or Affiliate of 
such Lender or such L/C Issuer different from the branch, office 
or Affiliate holding such deposit 
or 
obligated 
on 
such 
indebtedness; 
provided 
that 
in 
the 
event 
that 
any 
Defaulting 
Lender 
shall 
exercise any such 
right of setoff, 
(x) all amounts so 
set off 
shall be paid 
over immediately to 
the 
Administrative 
Agent 
for 
further 
application 
in 
accordance 
with 
the 
provisions 
of 
Section 2.13 
and, pending 
such payment, 
shall be 
segregated by 
such Defaulting 
Lender from 
its other 
funds 
and 
deemed 
held 
in 
trust 
for 
the 
benefit 
of 
the 
Administrative 
Agent, 
the 
L/C 
Issuers, 
and 
the 
Lenders, 
and 
(y) the 
Defaulting 
Lender 
shall 
provide 
promptly 
to 
the 
Administrative 
Agent 
a 
statement describing 
in reasonable 
detail the 
Obligations owing 
to such 
Defaulting Lender 
as to 
which 
it 
exercised 
such 
right 
of 
setoff. 
The 
rights 
of 
each 
Lender, 
each 
L/C 
Issuer 
and 
their 
respective Affiliates under 
this Section 
are in 
addition to 
other rights 
and remedies 
(including other 
rights of 
setoff) that 
such Lender, 
such L/C 
Issuer or 
their respective 
Affiliates may 
have. 
Each 
Lender and L/C Issuer agrees to notify the Borrower and the Administrative Agent promptly 
after 
any such 
setoff and 
application; 
provided 
that the 
failure to 
give such 
notice shall 
not affect 
the 
validity of such setoff and application. 
Section 13.7. 
Sharing of Payments 
by Lenders.
 
If any Lender 
shall, by exercising 
any right 
of setoff or counterclaim or otherwise, obtain payment in respect of any principal of 
or interest on 
any of 
its Loans 
or other 
obligations hereunder 
resulting in 
such Lender 
receiving payment 
of a 
proportion 
of 
the 
aggregate 
amount 
of 
its 
Loans 
and 
accrued 
interest 
thereon 
or 
other 
such 
obligations 
greater 
than its 
pro 
rata share 
thereof 
as 
provided 
herein, 
then the 
Lender 
receiving 
such 
greater 
proportion 
shall 
(a) notify 
the 
Administrative 
Agent 
of 
such fact, 
and 
(b) purchase 
(for cash at face 
value) participations in the 
Loans and such other 
obligations of the other 
Lenders, 
or make such other adjustments as 
shall be equitable, so that 
the benefit of all such payments 
shall 
be 
shared 
by 
the 
Lenders 
ratably 
in 
accordance 
with 
the 
aggregate 
amount 
of 
principal 
of 
and 
accrued interest on their respective Loans and other amounts owing them; 
provided 
that:
 
(a) 
if 
any 
such 
participations 
are 
purchased 
and 
all 
or 
any 
portion 
of 
the 
payment 
giving 
rise 
thereto 
is 
recovered, 
such 
participations 
shall 
be 
rescinded 
and 
the 
purchase price restored to the extent of such recovery, without interest; and 
 
(b) 
the 
provisions 
of 
this 
Section 
shall 
not 
be 
construed 
to 
apply 
to 
(x) any 
payment made 
by the 
Borrower pursuant 
to and 
in accordance 
with the 
express terms 
of 
this 
Agreement 
(including 
the 
application 
of 
funds 
arising 
from 
the 
existence 
of 
a 
Defaulting 
Lender), 
or 
(y) any 
payment 
obtained 
by 
a 
Lender 
as 
consideration 
for 
the 
assignment 
of 
or 
sale 
of 
a 
participation 
in 
any 
of 
its 
Loans 
or 
participations 
in 
L/C 
Obligations to any assignee or participant, other than 
to any Loan Party or any Subsidiary 
thereof (as to which the provisions of this Section shall apply). 
Each Loan Party consents to the foregoing and agrees, to 
the extent it may effectively do so under 
applicable law, 
that any Lender 
acquiring a participation 
pursuant to the 
foregoing arrangements 
may 
exercise 
against 
each 
Loan 
Party 
rights 
of 
setoff 
and 
counterclaim 
with 
respect 
to 
such 
participation as fully as if such Lender were 
a direct creditor of each Loan Party in the 
amount of 
such participation. 

-118-
Section 13.8. 
Survival of Representations.
 
All representations and warranties made herein 
or in any other Loan Document or in certificates 
given pursuant hereto or thereto shall survive the 
execution and 
delivery of 
this Agreement 
and the 
other Loan 
Documents, and 
shall continue 
in 
full force and effect with respect to the date as 
of which they were made as long as 
any credit is in 
use or available hereunder.
Section 13.9.
Survival 
of 
Indemnities.
 
All 
indemnities 
and 
other 
provisions 
relative 
to 
reimbursement 
to 
the 
Lenders 
and 
L/C Issuer 
of 
amounts 
sufficient 
to 
protect 
the 
yield 
of 
the 
Lenders and L/C Issuer with respect to the Loans and Letters of 
Credit, including, but not limited 
to, Sections 4.1, 4.4, 
4.5, and 13.4, 
shall survive the 
termination of this 
Agreement and the 
other 
Loan Documents and the payment of the Obligations.
Section 13.10. 
Counterparts; Integration; Effectiveness
. 

 
(a) 
Counterparts; 
Integration; 
Effectiveness.
 
This 
Agreement 
may 
be 
executed 
in 
counterparts 
(and 
by 
different 
parties 
hereto 
in 
different 
counterparts), 
each 
of 
which 
shall 
constitute an original, but all of which 
when taken together shall constitute a 
single contract. 
This 
Agreement and the other Loan 
Documents, and any separate letter 
agreements with respect to fees 
payable to 
the Administrative 
Agent, constitute 
the entire 
contract among 
the parties 
relating to 
the subject matter hereof and supersede any and all previous agreements and understandings, oral 
or written, relating 
to the subject 
matter hereof. 
Except as provided 
in Section 7.2, 
this Agreement 
shall become 
effective when 
it shall 
have been 
executed by 
the Administrative 
Agent and 
when 
the Administrative Agent 
shall have received 
counterparts hereof that, 
when taken together, 
bear 
the signatures 
of each 
of the 
other parties 
hereto. 
Delivery of 
an executed 
counterpart of 
a signature 
page of this Agreement by facsimile or in electronic (e.g., “pdf” or “tif”) format shall be effective 
as delivery of a manually executed counterpart of this Agreement. 

 
(b) 
Electronic Execution of Assignments.
 
The words “execution,” “signed,” “signature,” 
and words of 
like import in 
any Assignment and 
Assumption shall be 
deemed to include 
electronic 
signatures or 
the keeping 
of records 
in electronic 
form, each 
of which 
shall be 
of the 
same legal 
effect, 
validity 
or 
enforceability 
as 
a 
manually 
executed 
signature 
or 
the 
use 
of 
a 
paper-based 
recordkeeping system, as the case may be, to the extent 
and as provided for in any applicable law, 
including 
the 
Federal 
Electronic 
Signatures 
in 
Global 
and 
National 
Commerce 
Act, 
the 
Illinois 
State 
Electronic 
Commerce 
Security Act, 
or 
any 
other 
similar 
state 
laws 
based 
on 
the 
Uniform 
Electronic Transactions Act. 

Section 13.11. 
Headings.
 
Section headings 
used in 
this Agreement 
are for 
reference only 
and shall not affect the construction of this Agreement.
Section 13.12. 
Severability of 
Provisions. 
 
Any provision 
of any 
Loan Document 
which is 
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to 
the extent of such 
unenforceability without invalidating 
the remaining provisions 
hereof or affecting 
the validity or 
enforceability 
of 
such 
provision 
in 
any 
other 
jurisdiction. 
All 
rights, 
remedies 
and 
powers 
provided in 
this Agreement 
and the 
other Loan 
Documents may 
be exercised 
only to 
the extent 
that the exercise 
thereof does not violate 
any applicable mandatory provisions 
of law, 
and all the 
provisions of 
this Agreement 
and other 
Loan Documents 
are intended 
to be 
subject to 
all applicable 

-119-
mandatory provisions 
of law 
which may 
be controlling 
and to 
be limited 
to the 
extent necessary 
so that they will 
not render this Agreement 
or the other Loan 
Documents invalid or unenforceable.
Section 13.13. 
Construction
. 
The parties acknowledge and agree 
that the Loan Documents 
shall not be construed more favorably in 
favor of any party hereto based upon 
which party drafted 
the same, it being acknowledged that all parties hereto contributed substantially to 
the negotiation 
of the 
Loan Documents. 
The provisions 
of this 
Agreement relating 
to Subsidiaries 
shall only 
apply 
during such 
times as 
the Borrower 
has one 
or more 
Subsidiaries. 
N
OTHING CONTAINED 
HEREIN 
SHALL BE DEEMED 
OR CONSTRUED TO 
PERMIT ANY ACT 
OR OMISSION WHICH 
IS PROHIBITED BY 
THE 
TERMS OF 
ANY 
C
OLLATERAL 
D
OCUMENT
,
 
THE COVENANTS 
AND AGREEMENTS 
CONTAINED 
HEREIN 
BEING 
IN 
ADDITION 
TO 
AND 
NOT 
IN 
SUBSTITUTION 
FOR 
THE 
COVENANTS 
AND 
AGREEMENTS 
CONTAINED IN THE 
C
OLLATERAL 
D
OCUMENTS
. 
Section 13.14. 
Excess 
Interest
. 
Notwithstanding 
any 
provision 
to 
the 
contrary 
contained 
herein or in any other 
Loan Document, no such provision 
shall require the payment or permit 
the 
collection of 
any amount 
of interest 
in excess 
of the 
maximum amount 
of interest 
permitted by 
applicable law to be charged for the use or detention, or the forbearance in the collection, of all or 
any portion of the Loans or other obligations outstanding under 
this Agreement or any other Loan 
Document 
(
“Excess 
Interest”
). 
If 
any 
Excess 
Interest 
is 
provided 
for, 
or 
is 
adjudicated 
to 
be 
provided for, 
herein or in any 
other Loan Document, 
then in such event 
(a) the provisions of 
this 
Section shall govern and 
control, (b) neither the Borrower 
nor any guarantor or 
endorser shall be 
obligated to pay any Excess Interest, (c) any Excess Interest that the Administrative Agent or any 
Lender may 
have received 
hereunder shall, 
at the 
option of 
the Administrative 
Agent, be 
(i) applied 
as a credit 
against the then 
outstanding principal amount 
of Obligations hereunder 
and accrued and 
unpaid 
interest 
thereon 
(not 
to 
exceed 
the 
maximum 
amount 
permitted 
by 
applicable 
law), 
(ii) refunded to 
the Borrower, or 
(iii) any combination 
of the 
foregoing, (d) the 
interest rate 
payable 
hereunder or 
under any 
other Loan 
Document shall 
be automatically 
subject to 
reduction to 
the 
maximum lawful 
contract rate 
allowed under 
applicable usury 
laws (the 
“Maximum Rate”
), and 
this 
Agreement 
and 
the 
other 
Loan 
Documents 
shall 
be 
deemed 
to 
have 
been, 
and 
shall 
be, 
reformed 
and modified 
to reflect 
such reduction 
in the 
relevant interest 
rate, 
and (e) neither 
the 
Borrower nor any guarantor or endorser 
shall have any action against the 
Administrative Agent or 
any Lender 
for any 
damages whatsoever 
arising out 
of the 
payment or 
collection of 
any Excess 
Interest. 
Notwithstanding the 
foregoing, if 
for any 
period of 
time interest 
on any 
of Borrower’s 
Obligations 
is 
calculated 
at 
the 
Maximum 
Rate 
rather 
than 
the 
applicable 
rate 
under 
this 
Agreement, and thereafter such 
applicable rate becomes less 
than the Maximum Rate, 
the rate of 
interest 
payable 
on 
the 
Borrower’s 
Obligations 
shall 
remain 
at 
the 
Maximum 
Rate 
until 
the 
Lenders have 
received the 
amount of 
interest which 
such Lenders 
would have 
received during 
such 
period on 
the Borrower’s 
Obligations had 
the rate 
of interest 
not been 
limited to 
the Maximum 
Rate during such period. 
Section 13.15. 
Lender’s 
and 
L/C Issuer’s 
Obligations 
Several
. 
The 
obligations 
of 
the 
Lenders and L/C Issuer hereunder are several and not joint. 
Nothing contained in this Agreement 
and no action taken by 
the Lenders or L/C Issuer pursuant hereto 
shall be deemed to constitute 
the 
Lenders and L/C Issuer a partnership, association, joint venture or other entity. 

-120-
Section 13.16. 
No Advisory 
or Fiduciary 
Responsibility
. 
In connection 
with all 
aspects of 
each 
transaction 
contemplated 
hereby (including 
in 
connection 
with 
any 
amendment, 
waiver 
or 
other modification 
hereof or 
of any 
other Loan 
Document), each 
Loan Party 
acknowledges and 
agrees, 
and 
acknowledges 
its 
Affiliates’ 
understanding, 
that: 
(a) (i) no 
fiduciary, 
advisory 
or 
agency relationship 
between any 
Loan Party 
and its 
Subsidiaries and 
the Administrative 
Agent, 
the L/C Issuer, 
or any Lender 
is intended to 
be or 
has been 
created in 
respect of 
the transactions 
contemplated hereby or by the other Loan Documents, irrespective of whether the Administrative 
Agent, 
the 
L/C 
Issuer, 
or 
any 
Lender 
has 
advised 
or 
is 
advising 
any 
Loan 
Party 
or 
any 
of 
its 
Subsidiaries 
on 
other 
matters, 
(ii) the 
arranging 
and 
other 
services 
regarding 
this 
Agreement 
provided 
by 
the 
Administrative 
Agent, 
the 
L/C 
Issuer, 
and 
the 
Lenders 
are 
arm’s-length 
commercial transactions between such Loan Parties 
and their Affiliates, on 
the one hand, and the 
Administrative Agent, the 
L/C Issuer, and the 
Lenders, on the 
other hand, (iii) each 
Loan Party has 
consulted its 
own legal, 
accounting, regulatory 
and tax 
advisors to 
the extent 
that it 
has deemed 
appropriate and 
(iv) each Loan 
Party is 
capable of 
evaluating, and 
understands and 
accepts, the 
terms, 
risks 
and 
conditions 
of 
the 
transactions 
contemplated 
hereby 
and 
by 
the 
other 
Loan 
Documents; and (b) (i) the Administrative Agent, the L/C Issuer, 
and the Lenders each is and has 
been acting solely as a principal and, except as 
expressly agreed in writing by the relevant parties, 
has not been, is not, and will not 
be acting as an advisor, 
agent or fiduciary for any Loan Party or 
any of 
its Affiliates, 
or any 
other Person; 
(ii) none of 
the Administrative 
Agent, the 
L/C Issuer, 
and the 
Lenders has 
any obligation 
to any 
Loan Party 
or any 
of its 
Affiliates with 
respect to 
the 
transactions 
contemplated 
hereby 
except 
those 
obligations 
expressly 
set 
forth 
herein 
and 
in 
the 
other Loan 
Documents; and 
(iii) the Administrative 
Agent, the 
L/C Issuer, 
and the 
Lenders and 
their respective Affiliates may be 
engaged, for their own 
accounts or the accounts 
of customers, in 
a broad range of transactions that involve 
interests that differ from those of any Loan 
Party and its 
Affiliates, 
and 
none 
of 
the 
Administrative 
Agent, 
the 
L/C 
Issuer, 
and 
the 
Lenders 
has 
any 
obligation to disclose any 
of such interests to 
any Loan Party or 
its Affiliates. 
To the fullest extent 
permitted by law, each Loan Party hereby waives and releases any claims that it 
may have against 
the Administrative 
Agent, the 
L/C Issuer, 
and the 
Lenders with 
respect to 
any breach 
or alleged 
breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated 
hereby. 
Section 13.17. 
Governing 
Law; 
Jurisdiction; 
Consent 
to 
Service 
of 
Process
. 
(a) This 
Agreement, the Notes and the other Loan Documents (except as 
otherwise specified therein), and 
the rights 
and duties 
of the 
parties hereto, 
shall be 
construed and 
determined in 
accordance with 
the 
laws of 
the 
State 
of Illinois
without 
regard to 
conflicts 
of law 
principles that 
would require 
application of the laws of another jurisdiction. 
 
(b) 
Each party 
hereto hereby 
irrevocably and 
unconditionally submits, 
for itself 
and its 
property, 
to 
the 
nonexclusive 
jurisdiction 
of 
the 
United 
States 
District 
Court 
for 
the 
Northern 
District of Illinois and 
of any Illinois State court 
sitting in the City of 
Chicago, and any appellate 
court 
from 
any 
thereof, 
in 
any 
action 
or 
proceeding 
arising 
out 
of 
or 
relating 
to 
any 
Loan 
Document, 
or 
for 
recognition 
or 
enforcement 
of 
any 
judgment, 
and 
each 
party 
hereto 
hereby 
irrevocably and unconditionally agrees that all claims in respect 
of any such action or proceeding 
may be heard and determined in such 
Illinois State court or, 
to the extent permitted by applicable 
Legal Requirements, in such federal court. 
Each party hereto hereby agrees that a final judgment 
in any such action or proceeding 
shall be conclusive and may 
be enforced in other jurisdictions by 

-121-
suit on the judgment or 
in any other manner 
provided by applicable Legal 
Requirements. 
Nothing 
in 
this 
Agreement 
or 
any 
other 
Loan 
Document 
or 
otherwise 
shall 
affect 
any 
right 
that 
the 
Administrative Agent, 
the L/C 
Issuer or 
any Lender 
may otherwise 
have to 
bring any 
action or 
proceeding relating 
to this 
Agreement or 
any other 
Loan Document 
against the 
Borrower or 
any 
Guarantor or its respective properties in the courts of any jurisdiction. 
 
(c) 
Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent 
permitted by applicable Legal Requirements, any objection 
which it may now or hereafter 
have to 
the laying of venue of 
any suit, action or proceeding 
arising out of or relating 
to this Agreement or 
any other Loan Document 
in any court referred 
to in Section 13.17(b). 
Each party hereto hereby 
irrevocably waives, to the fullest extent 
permitted by applicable Legal Requirements, the 
defense 
of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 
(d) 
Each party to this Agreement 
irrevocably consents to service of 
process in any action 
or proceeding arising out of or 
relating to any Loan Document, in 
the manner provided for notices 
(other 
than 
telecopy 
or 
e-mail) 
in 
Section 13.1. 
Nothing 
in 
this 
Agreement 
or 
any 
other 
Loan 
Document will affect the 
right of any 
party to this 
Agreement to serve 
process in any 
other manner 
permitted by applicable Legal Requirements. 
Section 13.18. 
Waiver 
of 
Jury 
Trial
. 
Each 
party 
hereto 
hereby 
irrevocably 
waives, 
to 
the 
fullest extent permitted by applicable Legal Requirements, any right it may have to 
a trial by jury 
in any legal 
proceeding directly 
or indirectly 
arising out of 
or relating 
to any Loan 
Document or 
the transactions contemplated thereby (whether based on contract, tort or any other theory). 
Each 
party hereto 
(a) certifies that 
no representative, 
agent or 
attorney of 
any other 
party has 
represented, 
expressly or otherwise, that 
such other party would 
not, in the event 
of litigation, seek to 
enforce 
the foregoing waiver and (b) acknowledges 
that it and the other 
parties hereto have been induced 
to enter into this 
Agreement by, 
among other things, the 
mutual waivers and certifications in 
this 
Section. 
Section 13.19. 
USA 
Patriot 
Act
. 
Each 
Lender 
and 
L/C Issuer 
that 
is 
subject 
to 
the 
requirements 
of 
the 
USA 
Patriot 
Act 
(Title 
III 
of 
Pub. L. 107-56 
(signed 
into 
law 
October 26, 
2001)) (the 
“Act”
) hereby notifies the Borrower that pursuant to the requirements of the Act, it is 
required to obtain, verify, 
and record information that identifies the Borrower, 
which information 
includes the name and address of the Borrower and other information that will allow such Lender 
or L/C Issuer to identify the Borrower in accordance with the Act. 
Section 13.20. 
Confidentiality
. 
Each of the Administrative Agent, 
the Lenders and the L/C 
Issuers 
agree 
to 
maintain 
the 
confidentiality 
of 
the 
Information 
(as 
defined 
below), 
except 
that 
Information may 
be disclosed 
(a) to its 
Affiliates and 
to its 
Related Parties 
(it being 
understood 
that the 
Persons to 
whom such 
disclosure is 
made will 
be informed 
of the 
confidential nature 
of 
such Information 
and instructed 
and agrees 
to keep 
such Information 
confidential); (b) to 
the extent 
required by 
any regulatory 
authority purporting 
to have 
jurisdiction over such 
Person or 
its Related 
Parties 
(including 
any 
self-regulatory 
authority, 
such 
as 
the 
National 
Association 
of 
Insurance 
Commissioners); (c) to the 
extent required by 
applicable laws or 
regulations or by 
any subpoena 
or similar 
legal process; 
(d) to any 
other party 
hereto; (e) in 
connection with 
the exercise 
of any 
remedies hereunder or 
under any other 
Loan Document or 
any action or 
proceeding relating to 
this 

-122-
Agreement 
or 
any 
other 
Loan 
Document 
or 
the 
enforcement 
of 
rights 
hereunder 
or 
thereunder; 
(f) subject to 
an agreement 
containing provisions 
substantially the 
same as 
those of 
this Section, 
to (i) any assignee of 
or Participant in, or 
any prospective assignee of 
or Participant in, any 
of its 
rights and obligations under this Agreement, or (ii) any actual 
or prospective party (or its Related 
Parties) 
to 
any 
swap, 
derivative 
or 
other 
transaction 
under 
which 
payments 
are 
to 
be 
made 
by 
reference 
to 
the 
Borrower 
and 
its 
obligations, 
this 
Agreement 
or 
payments 
hereunder; 
(g) on 
a 
confidential 
basis 
to 
(i) any 
rating 
agency 
in 
connection 
with 
rating 
any 
Loan 
Party 
or 
its 
Subsidiaries or 
the Revolving 
Facility or 
any Incremental 
Term 
Loan or 
(ii) the CUSIP 
Service 
Bureau or any similar agency in connection 
with the issuance and monitoring of CUSIP numbers 
with 
respect 
to 
the 
Revolving 
Facility 
or 
Incremental 
Term 
Loan; 
(h) with 
the 
consent 
of 
the 
Borrower; or 
(i) to the 
extent such 
Information (x) becomes 
publicly available 
other than 
as a 
result 
of a breach of this Section, 
or (y) becomes available to the Administrative 
Agent, any Lender, any 
L/C Issuer or any of their respective 
Affiliates on a nonconfidential basis from a source 
other than 
the Borrower. 
For purposes of this Section, 
“Information”
 
means all information received from a 
Loan Party or 
any of its 
Subsidiaries relating to 
a Loan Party 
or any of 
its Subsidiaries or 
any of 
their respective businesses, other than any such information 
that is available to the Administrative 
Agent, any Lender 
or any L/C 
Issuer on a 
nonconfidential basis prior 
to disclosure by 
a Loan Party 
or any of its Subsidiaries; 
provided
 
that, in the case of information received from a 
Loan Party or 
any of 
its Subsidiaries 
after the 
date hereof, 
such information 
is clearly 
identified at 
the time 
of 
delivery 
as 
confidential 
or 
is 
information 
that 
is 
not 
made 
available 
to 
the 
public 
and 
as 
such 
whether or 
not marked 
as confidential 
is to 
be held 
in confidence 
by the 
recipient. 
Any Person 
required 
to 
maintain 
the 
confidentiality 
of 
Information 
as 
provided 
in 
this 
Section 
shall 
be 
considered 
to have 
complied 
with its 
obligation to 
do so 
if 
such Person 
has exercised 
the same 
degree of care to maintain the confidentiality of such Information as such Person would accord to 
its own confidential information. 
 
Section 13.21. 
Acknowledgement 
and 
Consent 
to 
Bail-In 
of 
EEA 
Financial 
Institutions. 

Notwithstanding 
anything 
to 
the 
contrary 
in 
any 
Loan 
Document 
or 
in 
any 
other 
agreement, 
arrangement 
or 
understanding 
among 
any 
such 
parties, 
each 
party 
hereto 
(including 
any 
party 
becoming 
a 
party 
hereto 
by 
virtue 
of 
an 
Assignment 
and 
Assumption) 
acknowledges 
that 
any 
liability 
of any 
EEA Financial 
Institution 
arising under 
any Loan 
Document, 
to the 
extent 
such 
liability 
is 
unsecured, 
may 
be 
subject 
to 
the 
write-down 
and 
conversion 
powers 
of 
an 
EEA 
Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
 
(a) 
the 
application 
of 
any 
Write-Down 
and 
Conversion 
Powers 
by 
an 
EEA 
Resolution Authority to 
any such liabilities 
arising hereunder which 
may be payable 
to it 
by any party hereto that is an EEA Financial Institution; and 
 
(b) 
the 
effects 
of 
any 
Bail-in 
Action 
on 
any 
such 
liability, 
including, 
if 
applicable: 
 
(i) 
a reduction in full or in part or cancellation of any such liability; 
 
(ii) 
a conversion of all, 
or a portion of, 
such liability into shares 
or other 
instruments of ownership in 
such EEA Financial Institution, 
its parent undertaking, 
or a bridge institution that may be issued 
to it or otherwise conferred on it, and 
that 

-123-
such shares or other instruments 
of ownership will be accepted 
by it in lieu of 
any 
rights 
with 
respect 
to 
any 
such 
liability 
under this 
Agreement 
or 
any 
other 
Loan 
Document; or 
 
(iii) 
the 
variation 
of 
the 
terms 
of 
such 
liability 
in 
connection 
with 
the 
exercise 
of 
the 
write-down 
and 
conversion 
powers 
of 
any 
EEA 
Resolution 
Authority. 
 
Section 13.22. 
Amendment 
and 
Restatement
. 
This 
Agreement 
amends 
and 
restates 
the 
Existing 
Credit 
Agreement and 
is 
not 
intended 
to be 
or 
operate 
as 
a 
novation 
or 
an 
accord 
and 
satisfaction of the Existing Credit 
Agreement or the indebtedness, 
obligations and liabilities of the 
Loan 
Parties 
evidenced 
or 
provided 
for 
thereunder. 
Without 
limiting 
the 
generality 
of 
the 
foregoing, 
each 
Loan 
Party 
agrees 
that 
notwithstanding 
the 
execution 
and 
delivery 
of 
this 
Agreement, the 
Liens previously 
granted to 
the Administrative 
Agent pursuant 
to the 
Collateral 
Documents 
shall 
be and 
remain 
in 
full 
force and 
effect 
and that 
any 
rights and 
remedies 
of the 
Administrative 
Agent 
thereunder 
and 
obligations 
of 
the 
Loan 
Parties 
thereunder 
shall 
be 
and 
remain 
in full 
force and 
effect, 
shall not 
be affected, 
impaired or 
discharged 
thereby (except 
as 
expressly amended by the 
Loan Documents) and shall 
secure all of the 
Borrower’s indebtedness, 
obligations and liabilities 
to the Administrative 
Agent and the 
Lenders under the 
Existing Credit 
Agreement as 
amended and 
restated hereby. 
Without 
limiting the 
foregoing, the 
parties to 
this 
Agreement hereby acknowledge 
and agree that 
the “Credit Agreement” 
and the “Notes” 
referred 
to in 
the Collateral 
Documents shall 
from and 
after the 
date hereof 
be deemed 
references to 
this 
Agreement and the Notes issued hereunder. 
 
Section 13.23. 
Acknowledgement 
Regarding 
Any 
Supported 
QFCs.
 
(a) 
To 
the 
extent 
that 
the Loan Documents provide support, 
through a guarantee or otherwise, 
for Hedge Agreements or 
any other agreement or instrument that is a QFC 
(such support, 
“QFC Credit Support”
, and each 
such QFC, a 
“Supported QFC”
), the parties acknowledge and agree 
as follows with respect to the 
resolution 
power 
of 
the 
Federal 
Deposit 
Insurance 
Corporation 
under 
the 
Federal 
Deposit 
Insurance Act 
and Title 
II of 
the Dodd-Frank 
Wall Street 
Reform and 
Consumer Protection 
Act 
(together with the regulations promulgated thereunder, the 
“U.S. Special Resolution Regimes”
) in 
respect 
of such 
Supported 
QFC and 
QFC Credit 
Support (with 
the 
provisions below 
applicable 
notwithstanding 
that 
the 
Loan 
Documents 
and 
any 
Supported 
QFC 
may 
in 
fact 
be 
stated 
to 
be 
governed by 
the laws 
of the 
State of 
New York 
and/or of 
the United 
States or 
any other 
state of 
the United States): 
In the event 
a Covered Entity 
that is party 
to a Supported 
QFC (each, a 
“Covered 
Party”
) 
becomes 
subject 
to 
a 
proceeding 
under 
a 
U.S. 
Special 
Resolution 
Regime, 
the 
transfer 
of 
such 
Supported 
QFC 
and 
the 
benefit 
of 
such 
QFC 
Credit 
Support 
(and 
any 
interest and obligation in 
or under such Supported 
QFC and such QFC Credit 
Support, and 
any rights 
in property 
securing such 
Supported QFC 
or such 
QFC Credit 
Support) from 
such Covered Party will 
be effective to 
the same extent as 
the transfer would be 
effective 
under 
the 
U.S. 
Special 
Resolution 
Regime 
if 
the 
Supported 
QFC 
and 
such 
QFC 
Credit 
Support 
(and 
any 
such 
interest, 
obligation 
and 
rights 
in 
property) 
were governed 
by 
the 
laws of the United States or 
a state of the United States. 
In the event a Covered Party 
or a 
BHC Act 
Affiliate of 
a Covered 
Party becomes 
subject to 
a proceeding 
under a 
U.S. Special 

-124-
Resolution Regime, Default Rights under the Loan Documents that 
might otherwise apply 
to 
such 
Supported 
QFC 
or 
any 
QFC 
Credit 
Support 
that 
may 
be 
exercised 
against 
such 
Covered Party are permitted 
to be exercised to no 
greater extent than such 
Default Rights 
could be 
exercised under 
the U.S. 
Special Resolution 
Regime if 
the Supported 
QFC and 
the Loan 
Documents were 
governed by 
the laws 
of the 
United States 
or a 
state of 
the United 
States. 
Without 
limitation 
of 
the 
foregoing, 
it 
is 
understood 
and 
agreed 
that 
rights 
and 
remedies of 
the parties 
with respect 
to a 
Defaulting Lender 
shall in 
no event 
affect the 
rights 
of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 
 
(b) 
Certain Defined Terms.
 
As used in this Section 13.23(a): 
 
“
BHC Act Affiliate”
 
of a party means an “affiliate” (as such 
term is defined 
under, and interpreted in accordance 
with, 12 U.S.C. 
1841(k)) of such party. 
 
“Covered Entity”
 
means any of 
the following: (i) 
a “covered 
entity” as that 
term is defined 
in, and interpreted 
in accordance with, 
12 C.F.R. 
§ 252.82(b); (ii) a “covered bank” 
as that term is defined 
in, and interpreted in accordance 
with, 12 C.F.R. § 47.3(b); or (iii) a 
“covered 
FSI” 
as 
that 
term 
is 
defined 
in, 
and 
interpreted 
in 
accordance with, 12 C.F.R. § 382.2(b). 
 
“Default 
Right”
 
has 
the 
meaning 
assigned 
to 
that 
term 
in, 
and 
shall 
be 
interpreted 
in 
accordance 
with, 
12 
C.F.R. 
§§ 
252.81, 
47.2 or 382.1, as applicable. 
“QFC”
 
has the meaning assigned to the term “qualified financial contract” in, and shall be 
interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
[S
IGNATURE 
P
AGES TO 
F
OLLOW
] 

This Amended and Restated Credit Agreement is entered into between us for the uses and 
purposes hereinabove set forth as of the date first above written. 
“B
ORROWER
” 
C
AL
-M
AINE 
F
OODS
,
I
NC
. 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer 
“G
UARANTORS
” 
A
MERICAN 
E
GG 
P
RODUCTS
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
B
ENTON 
C
OUNTY 
F
OODS
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
W
HARTON 
C
OUNTY 
F
OODS
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
 

S
OUTHERN 
E
QUIPMENT 
D
ISTRIBUTORS
,
I
NC
. 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
S
OUTH 
T
EXAS 
A
PPLICATORS
,
I
NC
. 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
R
ED 
R
IVER 
V
ALLEY 
E
GG 
F
ARM
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
C
AL
-M
AINE 
R
EAL 
E
STATE 
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 
T
EXAS 
E
GG 
P
RODUCTS
,
LLC 
By 
____________________________________ 
Max Bowman 
Vice President – Chief Financial Officer of 
Cal-Maine Foods, Inc. 

“A
DMINISTRATIVE 
A
GENT AND 
L/C I
SSUER 
” 
BMO
H
ARRIS 
B
ANK 
N.A., as L/C Issuer and as 
Administrative Agent 
By: 
____________________________________ 
 
David J. Bechstein 
 
Director 

“L
ENDERS
” 
BMO
H
ARRIS 
B
ANK 
N.A. 
By: 
____________________________________ 
 
David J. Bechstein 
 
Director 
G
REEN
S
TONE 
F
ARM 
C
REDIT 
S
ERVICES
,
ACA 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 

A
G
F
IRST 
F
ARM 
C
REDIT 
B
ANK
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 

C
OMPEER 
F
INANCIAL
,
ACA 
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________ 

F
ARM 
C
REDIT 
B
ANK OF 
T
EXAS
By 
____________________________________ 
 
Name 
_______________________________ 
 
Title 
________________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}]]